AUSTRALIAN NEWS.

Woodville Examiner, Volume 3, Issue 251, 9 April 1886, Page 2

AUSTRALIAN NEWS.

THE ABSCONDING BANK .MAXA- ) GER. 1 Brisrane, April (!. j Holt, la)c manager of the Bank of New y Zealand, Sydney, was arrested hero yes- 1, torday. He had assumed the disguise of , t a priest. When searched 20(1 sovereigns and a bill of exchange for A'dOO were found ; m liis possession. Ho was brought s belorc the Police Magistrate to-day, and formally remanded to Sydney. FINANCIAL STATEMENT. f Sydney, April 7. t The Colonial Treasurer, in his financial ' statement last night, estimated the revenue at A5,d40,000, and the expenditure at i 8,570,000, the latter being a reduction of i 540,000 on tho previous year’s esti- 1 mates. A proposal was made to extend 1 the exemption limit from tho income tax *■ to iIOOO a year, but the consideration of tho matter was adjourned, to Thursday next. XEW HEBRIDES. . Melbourne, April 7. 1 The Premier, the Hon. Air Gillies, has 1 received a dopatch from Mr B. Thurston, 1 ... 1 Acting-Governor of Fiji, strongly depre. eating the French annexation of the New ] Hebrides, and declaring that the posses- r sion of Rapa Island would be no compen- 1 sation for the loss of the Xew Hebrides. THE DEFAULTING BANK OFFICIALS. Adelaide, April 7. The trial of the defaulting officials of the Commercial Bank of South Australia was concluded to-day, when Crooks, tho j manager, was sentenced to eight years’ i imprisonment, Wilson, the accountant, ( receiving a sentence of six years. )