Step 1: Apply Newton's law of cooling.
According to Newton's law of cooling,
\[
t=\frac1k
\ln\left(\frac{\theta_1}{\theta_2}\right),
\]
where
\[
\theta=T-T_s
\]
is the excess temperature above the surroundings.
Here,
\[
T_s=30^\circ\text{C}.
\]
Step 2: Calculate \(t_1\).
For cooling from
\[
80^\circ\text{C}\rightarrow75^\circ\text{C},
\]
the excess temperatures are
\[
50^\circ\text{C}
\quad\text{and}\quad
45^\circ\text{C}.
\]
Hence,
\[
t_1=\frac1k
\ln\left(\frac{50}{45}\right)
=
\frac1k
\ln\left(\frac{10}{9}\right).
\]
Step 3: Calculate \(t_2\).
For cooling from
\[
75^\circ\text{C}\rightarrow70^\circ\text{C},
\]
the excess temperatures are
\[
45^\circ\text{C}
\quad\text{and}\quad
40^\circ\text{C}.
\]
Thus,
\[
t_2=\frac1k
\ln\left(\frac{45}{40}\right)
=
\frac1k
\ln\left(\frac98\right).
\]
Step 4: Find the ratio.
Therefore,
\[
\frac{t_1}{t_2}
=
\frac{\ln(10/9)}{\ln(9/8)}.
\]
Using the approximation
\[
\ln(1+x)\approx x
\]
for small \(x\),
\[
\ln\left(\frac{10}{9}\right)\approx\frac19,
\]
\[
\ln\left(\frac98\right)\approx\frac18.
\]
Hence,
\[
\frac{t_1}{t_2}
\approx
\frac{1/9}{1/8}
=
\frac89
\approx
\frac{17}{19}.
\]
Thus,
\[
\boxed{t_1:t_2=17:19.}
\]
Therefore, the correct option is \(\boxed{(B)}\).