TELEGRAMS.

Hokitika Guardian, 18 November 1920, Page 1

TELEGRAMS.

I'KH CLUCKS AHS'OUUtION. —OOP Y BIGHT, i HYDRO ELECTRIC SpHEME. TAUMARANUI Nov 17. The Borough Council, at its meeting last night ,received EUjvand Vicktermau’s report 0 n the fouPuJ’dfo-electric over and lighting schemes in the Wan ganui and Whakapapa rivers. It was resolved to adopt tho Wanganui No 1 proposal, to cost £44,000. A poll of the ratepayers will he taken at the earliest moment to sanction a loan. The site is half-a-milo from Piraka, on the Main Trunk. NEW ZEALAND’S CREDIT. CANADIAN BANK’S ATTITUDE. AUCKLAND. Nov 16. Unofficial information has been received by the Canadian Trade Commissioner (Mr W. A- Beddoe) to the effect that the Canadian banks have given notice to their customers that New Zealand financial affairs are not "in a very good condition, and that they now desired bank credits instead of the former custom of shipping against docume its. Mr Beddoe stated that this condition of affairs was inexplicable because all drafts drawn on New Zealand firms by Canadian manufacturers had been honoured, and the New Zealand firms who had adopted the method of paying cash on documents declined to enter into any arrangement not suitable to their business—namely, that of cabling credits to Canada for goods about to be shipped. “That is one of the questions,” said Mr Beddoe, ,‘and the other side is that New Zealand banks declined, to cable credits atVny from this country.” The situation appeared to him to bo a reflection upon the financial credit of the Dominion, and lie had communicated with the Prime Minister, setting out the position and asking him for authority to CiVble .a contradiction of the “rumour to the Canadian Government. Mr Massey had authorised the following cable *to he sent:— “Financial affairs of New Zealand were never in a sounder condition than at the present time. Trade is good, money is plentiful and the country prosperous.”

More teachers wanted. WELLINGTON, Nov. 17., Tho Minister of Education is in communication noth the Training Colleges regarding a proposed 50 per cent, increase in the number of new -students next year. This increase is part of an effort’that the Education Department is making to overcome the shortage of qualified teachers. This scheme will involve tho use of temporary quarters at Auckland, and at some other centres, where present accommodation is inadequate.