LATE NEWS.

Hokitika Guardian, 24 December 1919, Page 1

LATE NEWS.

(By Electric Telegraph—Copyright.! U.S. AND MEXICO. WASHINTON, Dec. 22Mexicans at Maznllnn have arrested American sailors and refuse to release them. The State Department is making overtures. ORIENT COMPANY’S PROFITS LONDON, Dec. 23. The Orient Shipping Coy’s deport shows, apart from building expenditure a profit of £254,574. There has been a deferred dividend paid of 15 per cent, tax free. To the reserve, £l5O - 000 has been added. There is carried forward £63,911. The report states that the amounts received from the Government for steamers lost while ip its employ are inadequate to provide for substitutes. The company is therefore increasing its capital by inviting the shareholders to subscribe two new shares for each one h6 Tho company has been advised that the mail contract of 1917 lia* been frustrated by the war, and the Government’s subsequent intervention. The Commonwealth Government had not assented to this view, but, without loga prejudice, negotiations are m progress for a provisional arrangement. a LIQUOR LAW BREACHES TE AWAMUTO, Dec. 23. Mr Burton, the Magistrate, to-day im posed fines aggregating one hundred ?md fortv pounds for various charge, auainst Europeans of supplying natives With liquor for consumption off licensed . P ’lntone case of sly grog selling m ' the King Country a fine of fifty pounds : POWER SCHEME. TE AWAMUTO, Dec. 23. The local hvdro-eleotrical scheme proviJes that power will be delivered from Horahora Falls, over approximately 300 miles of reticulation-