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Hokitika Guardian, 23 March 1921, Page 3

CABLE NEWS.

BRITISH & FOREIGN ITEMS.

AUSTRALIAN AND N.Z. CABLE ASSOCIATION.

FOR PALESTINE. LONDON, March 21. j A Zionist telegram headed by Doc- ' tor AVeizmann proceeds to America on Thursday to open a twenty five million > sterling fund to initiate the establishmeat of a national home in Palestine. j BANK’S PROFITS. ' (Received This Day at 9.45 a.m.) j LONDON, March 22. j The Bank of Australasia shows a profit for the year of £700,874. : THE WOOL TRADE. i

(Received This Day at 9.45 a.m.) | LONDON, March 22. i

The Yorkshire “Observer” states the wool conference’s new scheme may have effects not altogether unsatisfactory, but it attacks the problem from the wrong end in an artificial manner, which does nothing to remove the basic cause of lowering wool values. The crux of the problem is that wool is not going into consumption sufficiently quickly. Until that is remedied, nothing sound will have been accomplished. A mere holding policy will again aggravate the problems. The Yorkshire “Post” says many wool users in West Riding express the opinion the British and Australian wool Realisation Association’s policy of trjing to let sellers dictate prices, has already failed. Australians shared in the boom and they cannot hope to escape part of the loss due to the slump. There is need for regulating the flow of , wool to the market, but that is vastly different to attempting to set up the sellers of raw materials, as dictators of j wool values. The improvement must come from the consumptive end. The buyer, not the seller, will be the dictator of values, under circumstances such as prevail to-day in the world trade.

(Received this day, at 9.30 a.m.) ROM, March 22

Further searches of the Russian delegates luggage revealed more gold roubles, rugs, lace, platinum, a number of Soviet uniforms, two brooches each set with diamonds as laTge as a hazel nut, and valued at a million lire and other diamonds, which appear to have belonged to the ex-Tsar. The delegates were fined twenty thousand lire, and the articles were ordered to be confiscated. JAPANESE DENIAL. (Received This Day at 9.45 a.m.) WASHINGTON, March 22 • Count Shidehara has authorised the united press to deny categorically all reports that Japan is fortifying, or intends to fcdWfany Pacific Island north of th^^Rfuator. U.S. TARIFF QUESTION. j WASHINGTON, March 21 1 President Harding has informed the Republican mtmbers of the Houe« i Ways and Means Committee that he favours the enactment of an Emergency Tariff Bill at a special session of tiie new Congress. MINERS WAGES. ! (Received This Day at 10.40 a.m.) i LONDON, March 22. j Northumberland Miners Council recommend the temporary abandonment of national wages and the acceptance of district settlements. _ j Lancashire and Cheshire Federations adopted th 0 opposite course and asked for general ballot. j