GENERAL CABLES.

Hokitika Guardian, 1 December 1920, Page 1

GENERAL CABLES.

AUBTIIAUIAN & N.Z, CABLE ASSOCIATION]

SMUT’S MANIFESTO. CAPETOWN, Nov 28

Smuts has issued a manifesto on behalf of the Unionist Party, appealing to all its members to join the.new organisation in support of Smut’s unreservedly-

SMUTS’ TRIBUTE. CAPETOWN, Nov 28

Smuts speaking at a reception to the Chief Rabbi at Pretoria, tributed conduct of Jews in South Africa, where they have proved themselves a great factor in the national life. However successful tho Zionist movement proved, Jews in South Africa should remain there to help build up the country. JAPAN ANDTNTI SOVIET. TOKIO, Nov. 28. The newspaper “Osaka Asahi” reports arrangements have been made to receive in Japan General Semenov, lute commander of tho anti-Bolshevik forces in Siberia. Tlie paper also states there is a possiblity of Wrnngel coming to Japan. COMMERCIAL. LONDON, Nov 29. p. and O. shares, buyers £430; sellers £460. Exchango rates—Paris 57.65 francs, Stockholm 18.11 kroner; Christiania 25.83 kroner; Calcutta. 281 d pence Yokohama 34V yen; Montreal 395 cents; New York 349 cents. WIPED OUT. LONDON, Nov 29. The party of Black ajid Tans were wiped out by one hundred armed men. Seventeen left Macroom on Sunday afternoon for patrol duty and were ambushed at 10.30 at night. Their bodies were brought to Macroom. FEDERAL STATE STEAMERS. LONDON, Nov. 29.

The Director of the Conimpnw ealtL Shipping Line, Mr Larkin, in a letter to “The Journal of Commerce,” replying to critics who predicted the Com monwealth shipping policy would drive tonnage away from Australia, and who alleged that the Commonwealth Lmc would eventually become a charge on taxpayers, denies the allegations. He says the Commonwealth line “is still a very profitable investment, although perhaps not so profitable as some of the shipping conference’s lines, which, although now desiring an ' increase in rates, ou a plea that every voyage undei existing conditions show a heavy loss, are still able to pay fifteen per ceni dividends, of income tax. They also are able to distribute bonus shares. Mr Larkin claims that the Government line has justified its existence, both ill view, of the taxpayer nnd of the shippers (both Australian nnd British), who recognise that it is a safeguard against the companies, who still an anxious to increase the rates.

SHIPPING PROBLEM. LONDON, Novemlier 30. Archibald Hurd in the “Daily Telegraph” discussing the shipping problem says it no longer pays to build cargo carrying vessels in Britain. Though there is still a demand- for liners and oil; tanicers, flights have fallen so heavily, and running charges so high ; moreover that there is much encanny m the shipbuilding industry. Some yards haying for eight hours work, are only receiving 5* to six. The Cunard’s Samaria cost an extra quarter or a million owing to cacanny. Oargoers are now costing three or four times pre-war. As seven million tons shipping will take the water within a year the immediate prospects arp btwlj There ia-re istii.l orders in hand, but now ones are m t coming inA BOMB EXPLOSION. I/ONDON, November 30. An incendiary bomb set with a time fuse was placed in a portmanteau and exploded at one o’clock this morning and wrecked a dried skin warehouse in upper Thames Street, London. There Were no casualties. STRIKE ENDS. HOBART, November 30. The hydro-electric construction strike has fizzled out, the men deciding to resume under protest,

KAURI TIMBER COY. (Received this day at 8 a.m.) MELBOURNE, November 30. At a meeting of the shareholders of the Kauri Timber Coy., in connection with the ' reconstruction scheme, the Board of the new concern announced that after all obligations had been discharged, there remained above the capital of three quarters of a million, a surplus of £150,000. It was decided to place this to credit of the reserve cf the new company. The valuation was inclusive of shares in other companies which were accepted. at tho value placed upon them.by the old company.