BRITISH & FOREIGN ITEMS.

Hokitika Guardian, 25 January 1921, Page 2

BRITISH & FOREIGN ITEMS.

CABLE NEWS.

BY TELEGRAPH —PRESS ASSN., COPYRIGHT.

LONDON, January 24. The “Morning Post” states on high Authority that the British Government is paying £ls per bale for South Africa’s one hundred thousand bales of wool, which is equal to the market value of the 1913-T4 clip- -The Union Government agreed to purchase in Britain, railway, telephone and other materials to a value equal to the purchase price of the wool. The Union Government’s representative recently visited Germany endeavouring to obtain a bid but the negotiations broke down oil financial ground. The “Morning Post” understands the wool will be handed to the British Australasian Realisation Association for sale on agency terms.

LENIN REPORTED DEAD. (Received This Day at 8.40 a.m.) COPENHAGEN, January 23. Anti-Bolshevik newspapers persistently report Lenin’s death. They state he has Keen absent from recent Soviet meetings at which Trotsky presided. FATAL OIL EXPLOSION. (Received This Day at 8.30 a.m.) NEW YORK, January 24. At Memphis, Tennessee a spark from a workman’s chisel exploded a fifteen thousand gallons of‘petrol tank, wreck ing Colvar Reese Oil Coy’s plant and scores of neighbouring houses. At least twenty-five persons were killed and many injured. - TURKISH FINANCE. (Received this day, at 9.50 a.m.) CONSTANTINOPLE, Jan. 24 Government has signed an agreement establishing provisional inter-Allied control over all disbursements, and Xevenues and administration of the public debt, and immediately advanced four hundred thousand Turkish pounds on the security of a gold deposit at the Ottoman bank in order to immediately assist the Treasury. The Allies are raising the embargo on 250 thousand deposited by the Turkish Government in the Ottoman Bank. The 'latter is handing over the sum to the Department which advances Treasury , £1,200,000 against the sale of stores at present in State Departments. The situation is still precarious. The debt is estimated at five million, due for payment of military and civil officials and other liabilities incurred during the past three months.