AUSTRALIAN NEWS.

Wanganui Chronicle, Volume XXXVIII, Issue 12120, 5 June 1895, Page 2

AUSTRALIAN NEWS.

— «. — l Rt Eleotrio Teleoraph— Coptright.] (Per Press Association.) Adelaide, Juno 4. Shareholder* in tho contral mino, in viow of the new discovery, are calling a meeting to anange to prevent the sale of the pro > perty. Some large nalea of wheat have been transacted for export to other colonies, including 10.000 bags at 10s for shipment to New Zealand. The latter colony is alio making large purchases of flour. Bbisbihb, June i. In consequence of the recent strictures during tbe trial at Georgetown, the Government has withdrawn from the Distriot Court criminal jurisdiction for twelve months. Stdnet, May 4. Tbe banking returns of the Australian colonies show the position io bj much strengthened einco 1893, whon there was fourteen pounds of proprietory capital per _100 at, compared with £22 per £100 now. Tho Bet earnings shown by tho last half-yearly dividend payments by the banks not reconstructed have decreased as compared with thoße of 1893 by £103,000. Approxiamately the dividends paid on tho unreconstructed banks paid up capital has b.en reduced from 10'9 per cent to 5'7 per cent, and in tho case of reconstructed banks from 10 9 per cent to 2 6. Experts are of opinion that the kaolin development in the central mino eclipjos anything yet discovered there. The characteristics are eiarlar to the find in tbe block some years ago and are thought to be a continuation of that lode. The -oaham colliery has closed down because it was not paying. A heavy gale is rasing on tbo Bouth coast.