NEWS BY MAIL.

Hokitika Guardian, 7 December 1920, Page 3

NEWS BY MAIL.

SQUANDER MANIA. BRUSSELS, Oct 6

The preponderant influence of governmental “squander-mania” on tho present monetary distress of nations has been emphasised in almost every speech delivered before the Financial Conference of the League of Nations here. livery delegate who speaks makes it clear that people will not save as long as Governments and municipalities con. tinue to fling away their savings with both hands. People will not pay capital levies, they say, if the money thus acquired, through the crippling of their business is simply to he thrown after the rest. They will not believe that it is to be used for reducing debt, and if they 1 do they are convinced that the Government will immediately float further loans and waste the' proceeds in turn. ] Many financial experts here do not j conceal their feelings in the matter, declaring that until Governments learn to live within their incomes, suggestions for restoring economic equilibrium are valueless. 90 BOXES OF GOLD. BOULOGNE, Oct. 6. Ninety boxes of gold bars, worth £1,840,000 were landed here to-day from the Norwegian steamer Petrel . from Reval Estonia, and placed in a train for Lyons. French and British detectives watched the operation.