AUSTRALIAN.

West Coast Times, Issue 10123, 5 June 1895, Page 2

AUSTRALIAN.

Sydney, June 4:" The whole of the employees in New Lambton colliery have been notified that their services will be required after June 15. The management is making a re-arrangement involving further reductions of wakes. The Stockton miners have received a fortnight's notice of reduction 6f twopVneiTin It heHV^ rate.

Experts are of ppinion tjiat the ifaojlne development iii the Central Broken- Hill mine eclipses_miy { Miiiig yet a'iscovereti * there. /The chara,cfceristic3 are similar. to the find in. Block 10 some years' a~g6j arid- is - thought to 4 a contmSa^on' ~o£ £&4 lode. Banking returns for the A^trcdian'' colonies suow ihe position to be infrgil ' strengthened since 1894; when . it , was ■ £i 4of proprietary capital per £100.- a| compared with £22" per £100 now.. The netjt earnings shown by the last two halt-yearly dividend payments by *>anks not reconstructed has decreased, as compared Avith 1893, by £173,000', dnd " reconstructed ""banks £281.000. The "• approximate dividend paid on unreconstructed .banks paid up capital is reduced from 10-9 per cent, to 2*6 per cent.

The Laham colliery has been closed down because of its not paying. A heavy gale is raging on the south coast.

In the Assembly the Treasurer introduced a resolution to give effect to the alteration in the tariff foreshadowed in the budget. The duty on .butter has been reduced from 2d to Id per lb. The duty on agricultural and dairy produce and fish remain, till June. 30th of next #ear. The permanent tariff fixes' i?he duty on beer at 6d to 9d per gallon ; wines, 5s per gallon ; spirits, 14s .per galloa ; tflbaceoj 3s per lb.

Thi Executive has lappr^ve'd ot grftnfji ing permission 16 Close; u^ot wiaom"^, Court Martial was recerit/ly held., |o retire frdm the service ,retaining the rank of Captain. The Conference of Bankers -from New South Wale's, Victoria* South Australia and Queensland is discussing the ftifrire banking legislation and "thS establishment of " a system 'of Tiitlir- ■ - colonial reserve. Mei-bouuxe, June 4.— The direotors b r f the central ftffine, Broken Hill, have examined the workings and are highly. impressed -at 'tnddeft&opments. It is believed the shareholder-s will not finally Confirm the" proposal^ ttf sell. ■ _. Alison Smith, ia% lo'conWfave. superintendent, Victoria, has begun an actidn OgainSfc the Age, ' clain#ig Sl'S^OOOf damages for. libel alleged io He cdhtaine^ in a series of articles dealing -'wi&i&he railways of the Colony. Apei/aidei, Jun9^4v Shareholders in^tfre Centtal Srol^i Hill mine, in view of the new discovery, are calling a meeting to arrange to, prevent the sale of the pVop"erfy. •••'.'-'. BRrs6A.NE,'JuneA • .' In consequence of recent strictures during the trial at Georgetown, "Govern-" "' ment has withdrawn from the- District Court criminal jurisdi'ctioh * for tftelfaL l months.