AUSTRALIA.

Star (Christchurch), Issue 5283, 13 June 1895, Page 3

AUSTRALIA.

£SPKciAt to Press Association.} THE INCOME TAX BILL. SYDNEY, Junk 13. The Council rejected a motion, on behalf of the Government, to postpone the Land and Inoome Tax Assessment Bill for a week, and decided by a large majority to take the second reading to-day. Members complained that it waa bsing purposely kept back. It is believed that the Council intends to hang the Bill op or deal summarily with it. Should this be the case an early prorogation h certain.

CUSTOMS DUTIES.

!' Notice has been issued that no drawbacks will be allowed on goods onbjecfc to duties about to lapse; unless they represent a genuine change of ownership. THE EEOIPEOCAL TREATS'. , , ADELAIDE, Jutm 13. The Premier promised to submit to the ■ House the treaty with New Zealand as 1 soon as possible.

PURCHASE OF MINES.

PERTH, Junb 13.. A London and Paris syndicate haß arranged to purchase the new Victoria and Beindigo mines in Cool^ardie for !£37,000. It is reported tbafc a wonderfnl development has occurred in. those mines..

MOUNT LTELL DEBENrURES.

MELBOURNE, Jotjb 13. ' .••• Tehdere were opened for worth of Mount Lyell debentures, >8171,000 being subscribed .• at price3 ranging from par, which was the minimum fixed, to 10'5J. : was offered at. rates above par. I An application in the Supreme Court on J k?h»lf of certS'n shwehplders to wstrain ! the ißfiUeof tnead.bdnda etaAcla partly j heard." The objection is not to floating the loan, but to the proposal that debentore holders should have the option of surrendering the debentures and receiving shares in exchange. ".'..- COLONIAL BANK OP AtTSTRALASIA. A meeting of depositors in the Colonial Bank of Australasia rejected the proposed re-arrangement in connection with depoaits. ; TARIFF PJROPOSALS. In the Legislative Assembly, the tariff proposale *re being discussed. An amendment haa been moved adding a provision to the schedule that the maximum for all ad valorem duties shall be 25 per cent.

PROTECTION. A conference of Protectionists and manu-

faoturers ia being held to consider recommendations to be submitted to Parliament with respect to the report of the Tariff Board. A resolution was carried pledging the various trades to stand shoulder to shoulder in influencing members in favour of Protection. -