MISCELLANEOUS ITEMS.

Hokitika Guardian, 23 April 1920, Page 2

MISCELLANEOUS ITEMS.

(By Electric Telegraph—Copyright > NAVAL PRIZE FUND. (Received this day at 8.40 a.m.) LONDON, April 21. The total amount of the naval prize fund at present is £5,000,000, which will suffice to make one share worn £SO. It is officially stated that the final payment isn ot yet estimable, out some unofficial statements place figures as high as £10,000,000. The distrib ition begins forthwith. STEAMER IN TROUBLE. (Received this clay at 8.40 a.m.) LONDON, April 21.

A wireless mesasge from Mauritius states that the steamer Palma is towing the Australmead, which had been disabled by the heavy seas, which swept the docks and carried a mooring rope overboard. This fouled the propeller of the Palma. The latter lost the tow-1 Lie but is-endeavouring to pick it up.

; OPPOSING EXCESS PROFITS TAX 'Received this day at 9.20 a.m.) 1 LONDON, April 21. The mercantile community is strong- | ly opposing an increase in the Excess j Profits Tax. Manville (a Commoner), i president of the Associated Chambers , of Comco, at the annual meeting strongly tondemned the increase, which is bound to seriously handicap the country’s trade. The Council of the Federation of British Industries passed a resolution protesting against the tax. Tile National Union of Manufacturers is arranging a protest meeting at the Guildhall. A prominent financial authority states while tlie increase may cause some diminution in the floatation of new industries, the falling off won’t be suffici- j ent to improve the monetary position as affecting the forthcoming colonial issues. ■ The tone of the Stock Exchange has improved, on the impression that the proposal will be modified, if not withdrawn. ; • LORD JELLICOE. 'Received this day at 9.20 a.m.) LONDON, April 22. Lord Jellicoe sails for New Zealan l ] in August), via PaiiJUiia. t