BRITISH & FOREIGN ITEMS

Hokitika Guardian, 2 June 1921, Page 3

BRITISH & FOREIGN ITEMS

CABLE NEWS.

4UBTRALIAN AND N.Z. CABLE ASSOCIATION.

WAR FINANCE. (Received This Day at 9.45 a.m.) LONDON, June, 1. In the Commons, Mr Hiltbn Young stated approximately 148 millions of national war bonds were converted into three and half per cents. The “Financial Times” says the failure of a substantial proportion of holders to convert must embarrass the country’s finances and load budgets with a provision for compulsory debt redemption for years ahead. UNITED STATES NAVY. (Received this dav at 1.30 p.m.) WASHINGTON, June 1. 'Fhe Senate passed the Naval Appropriation Bill of 500,000,01X1 dollars, including Senator Borah’s amendment, after defeating the economic proposals for reducing the personal. The Bill now returns to the House, which must pass it on to the Senate for amendments raising the House’s figures by 100,000,(XX) dollars and fixing the naval strength at 20,000 above the personel of • 100,000 which the House voted. CANADA AND LEAGUE. (Received tii’u dav at 1.3 b p in . OTTAWA, June 1. The formation of the League of Nations Society of Canada is announced the object being to educate public opinion on the principles, aims and organisation of the League. Sir R. Borden is President,."Messrs Mackenzie King anil Creerar honorary presidents, and N .R. Rowell, \ ice-president.