AMERICAN ITEMS.

Hokitika Guardian, 18 March 1920, Page 2

AMERICAN ITEMS.

(by Electric Telegraph—Cop/Ogiu >

LOANS TO GERMANY. AVASHINGTON, Alarch 17

A Bill has been introduced into the House of Representatives authorising the AVar Finance Corporation to advance loans to the extent of si billion dollars to Germany, not more than three hundred millions of which shall be advanced in any one year. The Bill provides that Germany may enter into contracts here for the purchase of foodstuffs and raw materials and assure payment by guarantees, to bo approved by the Repatriation Conunissiqns. , The AVar Finance Corporation will 1 control the amount and kind of merchandise purchased. It is said that the purpose of the measure is to anticipate the. greaf, depression ip the American export trade,' due to the fall in the English apd French rates of exchange. SENATE AND TREATY. ■ AVASHINGTON, March IQ. It is pointed out that the Senates action in ratifying Mr Lodge’s substitute reservation ip regard to Article ? l' en > indicates that at least two thirds of the Senate want th e Treaty ratified, and if the same number of Democrats vote to ratify the whole Treaty, as they voted to ratify the reservation regarding Ar : tide Tep, the Treaty’s defeat wouk] fl?st squarely upoq President Wilsop A REPUBLICAN ASPIRANT. AVASHINGTON, March 16. General Leonard AVood Jins been given leave of absence from the Arpiy in order to conduct a cqmpa.igp for RqpubUpan nomination for Presidency. Mr, Hoover js also looking nj> vigorously running Congressman Split]}. Ho proposes to re-establish the languishing trade by arranging for credits to Germany amounting to two hundred mi - lion sterling, . .

UNITED STATES N*VY. WASHINGTON, March 16. Congressman Smith, has urged the Navy committee of the House of Representatives to ignore Mr Dppjejs. (Naval Secretary) demand for a larger navy. The Committee has reduced Mr Daniels’ estimates by sixty millions sterling, eliminating much of the proposed expenditure on f.hp Pacific Cqasf, fifid declined to authorise th« constnmnfui of new fighting ships. -It has plsq declined to build giant seaplanes twp pt which if was recently reported might attempt' the Trans-Pacific flighf,

SIN DAY BICYCLE RACE. ~ NEW YORK, March Ri Goullet and Mpngin won the sixrday bicycle race for a P l ’ rse of 75110 r,ol ' a!> "

AMERICAN STERLING EXCHANGE. NEW YORK, March 16. ilie sterling exchange rate has improved by six cents and is now worth 3 dollars 72 cents. 17. g. 57AVAR PROGRAMME. WASHINGTON, March’lp. The House of Representatives Navy Committee approved of a Bill appropriating 425,290,000 dollars in 1921 fqr fife Navy, and providing fpr a ponsfrupfiojj. programme which will give thp Upifpd States 28 ships of the first line and (9 of the second line by 1924. The llijl appropriates 15,8.i6,00(l dollars fni nyiptioii. AN IRISH DEMONSTRATION. (Received This Day at 10.35. a.m.) NEW YORK, March 17. The Irish-Amoriean demonstration was on a most imposing scale. Do Valera was cheered for miles alop the route. The Snip Fc-jp flag was "ciimpd beside flic Stars and Sfripps evpryw|ipr(f. Mayers, church dignitaries and rpprnc.pnta'f|v<?s of aiiti-Ih'itish and Wbfil'l Societies attended.