GENERAL CABLES.

Hokitika Guardian, 11 November 1920, Page 1

GENERAL CABLES.

lAUSTRALIAN & N.z. CABLE ASSOCIATION BTG DROP IN EXCHANGE. . LONDON, Nov. 0. A fresh spasm of weakness has jde veloped in European currencies. Thi pound closed in New York at three del lars thirty-five cents, the lowest sinci February. This makes the sovereigi worth only Ids 9d at New York. Con tinental exchanges are also demoral ised. The franc sharply rose to 58* t< the pound, attributed chiefly to offer in»s from New York and the reaction o' trade| activity in France. The hre i: now quoted at one hundred to tin pound, while the mark is five a penny. AN EDITOR KILLED. ROME, Nov. 9. Carlo Rossi, Editor of the newspapei ‘Secolo” was--killed and several were injured jn a conflict between Socialist; and police at Milan. ADDED TO ARMY LIST. (Reuter’s Telegram.) LNODON, Nov. 9. The King has approved of South „ African, Australian and New Zealanc Army Service Corps being shown on the Army list, as allied respective Imperial Corps. The-fact is important. WORK GOING ABROAD. LONDON, Nov. 9. A ship for repairing work being diverted from England to the Continent, again raised the question of trade unions attitude discountenancing, peace work. It is believed orders are going abroad, because apart from cheapness, they can be completed more quicklj than in Britain. Recently, orders aggregating hundreds of thousands of pounds passed from Liverpool and South Shields dockyards to Rotterdam and Amsterdam, although in some cases work was partially finished in English yards. In view of this, South Shields dockers agreed to participate in a joint delegation of masters and men to inquire into conditions < ruling at Dutch sports. Advices from Sebastopol state the grossing northwards of Crimea. Bolsheviks are endeavouring to cut off Wrangel from the Peninsula at the neck of which the Wrangelites still hold Perekof. A decisive issue is pending. , - IN MESOPOTAMIA.' LONDON, November 9. In the House of Coinmones, Mr Williams stated that the rate of public expenditure on the war in Mesopotamia with the Arabs, and the operations of the military in North west Persia was et present 2* millions sterling per month or £30,000,000 per year. He hoped there would be a substantial reduction in this during, the next six months. ENGLISH COALITION AGITATION. LONDON, November 10. Both the Unionist and the Liberal wings of the Coalition have been held separate meetings to discuss an antidumping Bill against foreign imports. They despatched a resolution to Mr Bonar Law, which, it is understood, expressed strong dissatisfaction over the delay, in introducing a measure. “The Morning Post” states this Bill is dead for. this session, and protests The Unionists, and a majority of the Liberal wing passed a resolution asserting tliat dumping must be defined as selling below the cost of production. It was urged, however, that a parliamentary approval must be obtained in every case before applying the Act LEAGUE OF NATIONS. LONDON, November 10. The conference re the League of Nations between British Cabinet and Dominions delegations have concluded. A better understanding was reached than was anticipated at first. It is stated that the delegates do not intend to invite Germany to join the League. Probably the majority will not refuse a request is preferred by Germany. The British'.delegates intend to propose a substantial reduction in the Dominions contribution towards the League expenditur. I>. AND* O. PURCHASES. LONDON, November 8. The Orient Company has purchased tjie former German liners 'Zeppelin, Konign Luise, and Prinz Ludwig. A POLICE SEARCH. LONDON, November 10. Scotland Yard detectives searched the London residence of Colonel Malone, the Labour M-P. Presumably 1 this action was the outcome of .evidence in tlie recent prosecution of a Finnish youth, and also of a speech Colonel : Malone gave at the Albert Hall. He said the Communists meant to alter the constitution.'• If necessary f/lieyi would use the lamposts or the wall. • Citrzon and Churchill he remarked, j might require the lamp-posts. The po-. lice seized a quantity of the Colonel’s papers. Colonel Malone himself, was absent at the time.