MISCELLANEOUS

Hokitika Guardian, 24 January 1921, Page 1

MISCELLANEOUS

AUSTRALIAN ANI) N.Z. CABLE ASSOCIATION. ; EH EACH NAVAL SCHEME. PARIS, Jan 22. The .suppression of the Eastern Medittcrancan Squadron is the outstanding l'eatlire of the 1921 naval armament scheme. Tho Mediterranean Squadron will lie comprised of four battleships, three battle cruisers, two squadrons of six torpedo boats to each squadron, eight ex-German torpedo boats, with a reserve division of three boats. The Atlantic division will comprise two cruisers; and the "West Africa division one cruiser and two sloops. The Far East division will remain stationed in the'Pacific and Indian Ocean.

j FRENCH AFFAIRS

PARIS, Jan 20. M. Briand said that the reconstruc-

tion of destroyed industries was only possible when Germany carried out reparations. To see that this was done was the Government’s first duty, France had great confidence in her friend and ally, England. Intimate relations between the two countries were the very foundation of France’s foreign policy. He was also sure that America would give the same support in order to obtain reparation for losses which she gave during the war. It was impossible to resume relations with Russia while Russia was not prepared to carry out the engagements entered into by the former Russian Government.

! POSITION IN NORWAY ANT) ! SWEDEN. OflßlS'l lAN lA, .January 21. Owing io the stoppage of English, French and American orders causing stagnation in the l pper Trade, the majority of mills in Norway and S we ' den are closing down or curtailing their output. MARKET QUOTATIONS. LONDON, January 22. Cotton, February nine forty six; rubber (para) 12. J, (plantation) 13J, (smoked) 11; hemp, January and March, 31 ; , jute, January and February, 38; copra 'January and March nominal 33]; linseed 33, turpentine 85. ! WOOL SALES. LONDON, January 22. At the wool sales there was much better competition and reserves of fine ! were lowered. Seventy per cent of the offering were sold. SOT TH AFRICA’S DEBT.

LONDON, January 21

It is reported that the British Government lias purchased from the South African Government 100,000 Liles of wool for 02.000,000, which will be applied to the reduction of South Africa’s debt.