MISCELLANEOUS

Hokitika Guardian, 7 February 1921, Page 1

MISCELLANEOUS

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. BRITAIN’S FINANCIAL STRESS. LONDON Feb. 4. The Parliamentary Committee of the Trade Union Congress have issued the details of a Labour Party scheme for tho reforming of the budget. They consider the excess profits duty has resulted in extravagance inefficiency and a decline of initiative. A special tax on business firms was also undesirable. The Labour Party say they consider that income tax and supertax should be tbe basis of Britain’s system of direct taxation but that the exemption level should be raised. Taxes on foodstuffs should be abolished. A graduated levy on till forms of accumulated wealth should be devised, whic-i would raise at least £4,000,000,000 sterling; but persons whose possessions are below £sooo' should be exempted. A reduction of the national debt and a lesser expenditure on t.ie army and the navy are mentioned as the chief means open for retrenchment but there should lie a more generous expenditure on education, on housing, and on public health.

BRITISH NAVY. LONDON. Feb. 3. The “Pall Mill Gazette” savs : “Alter the launching of the cruiser Bingham shortly, the Portsmouth naval construction work will be at a standstill. There is no vessel on (lie stocks elsewhere. TEiis situation is without precedent for a period of 250 years. ■JAPANESE DOMINATION IN KOREA. TOKI.O, February fj. The Minister, Tanaka, has announced that Japan intends to reinforce tbe garrison in Korea with another division. TORY PAPERS FOR SALE. LONDON. Feb. 4. “The Pall Mali Gazette” announces the completion of negotiations for its own amalgamation with the “Globe.” They will become one paper and will be called “The Pall Gazette and Globe.” it is reported that other London newspapers are being offered for sale.

TURKISH NATIONALIST CAMPAIGN.

CONSTANTINOPLE, Feb 4. A French gunboat chased the Turkish tug, “Alemdor,’ which has fled from Constantinople, with a cargo of arms and' ammuniiion for the Kemalists (Turkish Nationals). One Turk was killed and two wounded in the tight. DAVIS CUP. (Received This Day at 8.30 a.m.) NEW YORK, Feb. 5. United States Lawn. Tennis Association has announced that the Davis Cup challenge round will be played at New York, the best preliminary tie at Newport and other preliminary ties at Pittsburg, Chicago, Cleveland, New York. Boston and Philadelphia.