NEWS FROM OVERSEAS

Hawke's Bay Tribune, Volume XVII, 5 December 1927, Page 8

NEWS FROM OVERSEAS

CABLES IN BRIEF. Coalition Refused: The Peasant PaTt.v in Rumania has refused (Jueen Marie’s suggestion for a coalition. To Abolish Visas: The British and German Governments will sign an agreement to abolish visas between the respective countries on January Butter and Cheese Prices: The price of butter in Sydney will lie reduced by a halfpenny to-day to 1/7 retail. Prohibition of Poison Gas: Litvinoff that he has signed the Soviet’s adhesion to the protocol condemning the wartime use of poisonous asphyxiating gas. Pound Sterling: The pound sterling reached 4.88 3-16 in New York by the recently announced adjustment of ocean freights. It is believed that at gold shipping -mints the rate will reach 4.89. Waihi Gold: The Waihi Goldmining Company has resolved to increase Irts capital to £247,953 'mpitalising £101,791 to the credit of the share premium account and £13,259 of undivided profits. Wartime Tragedy: A wartime tragedy is recalled by fishermen’s discovery in shallow water, near Riga, of the slightly damaged hulks of two German submarines, sunk in a collisibn. Onlv three men of me two crews escaped. Portugal Wants a Loan: The Portuguese Government Jias sent a message to the League of Nations stating that it is unable to stabilise the currency or restore the finances on a sound basis without help and asks the “juncil to consider the question of a loan.

Irish Free State Loan: The Irish Free State is floating a loan applicable to reconstruction work. The total is £15,000,000. nearing interest at 5 per cent., and the price of issue is £97, The sum of £7,089,175 is to be issued immediately, and the remainder two years hence, £4,006,925 in Ireland and the remainder in the United States.

Cantonese Appointment: Official circles in London are not elated over news from Canton that Mr Cfiu Cliao-hsin has been appointed Cantonese Foreign Commissioner. it is well remembered that he was guilty of a tfrlenetic anti-British outburst at the League Assembly in 1926. to which Lord Cecil administered a most effective and crushing retort.

Beam Cable Controversy: Offmm feelers with the object of bringing cable and wireless interests together began on Saturday, and developments are expected early next week. The pourparlers were instantly reflected on the Stock Exchange in cable shares’ recovery. Mr Headlam, acting chairman of the Pacific Cable Board, confirms the report that the Government is considering the problem. This, combifned with Canada not having approved the nominee, is delaying the appointment of a chairman.

Allied Military Control; Tn accordance with the decision of the Ambassadors’ Conference, the organisation set up in Vienna for the liquidation of the military clauses of the Treaty of St. Germain will be .withdrawn on January 31. This Is the last of several inter-AllieS commissions of control established in exenemv countries under the terms of the Peace Treaties. The commission supervising this work in Germany completed its work in January, and similar organisations in Bulgaria and Hungary have since been withdrawn.

Sir Hugh Denison's Resignation: The entire system of Australian representation in America may be revised after a conference with the Hon. S. B. Bruce on his return to Australia, said Sir Hugh Denison on Saturday at Washington. There have been'rumours of dissatisfaction with the recognition afforded by American officials to the Australian Trade Commissioner, but Sir Hugh Denison said the change would be made purely on the light of Australia’s increasing importance in the trade world, and it was not intended as an expression of dissatisfaction with Australia’s recognition in America. Sir Hugh Denison declined to discuss his resignation. He said his reasons were private lie will leave for London on January 14 en route for Australia.