BRITISH & FOREIGN ITEMS.

Hokitika Guardian, 9 June 1921, Page 2

BRITISH & FOREIGN ITEMS.

CABLE NEWS.

iTJ«TUAUAN AND N.Z. CABLE ASSOCIATION. A FAREWELL DINNER. (Received This Day at 8 a.m.) LONDON, June 8. Mr Sheldon, Australian Trade Commissioner, in a speech to foreign correspondents at a farewell dinner, said United States prices must come down, or European prices come up. If the American economic situation is to be steadied there could be no resumption of enormous prosperity until an ment was brought about. America was_ so big and important, it could no longed ■ stand aside. It must either help the rest of the world or go down with it. The coming of the Imperial Conference will be epochal in effect upon the British Empire’s foreign policy.

FARROW’S BANK SWINDLE

(Received this day at 8 a.m.) LONDON, June 8.

The trial of officials of Farrows Bank, which recently suspended, has opened. Farrow, Crotch and Hart were charged until conspiracy to defraud. Farrow and Crotch were also charged with publishing false statements of accounts and Hart with aiding and abetting. All pleaded not guilty. The Attorney General said the bank’s deficiency was at least two millions sterling. It spent nine thousand yearly in advertising, largely in religious publications, that the bank was solvent and prosperous. ACTRESS CHARGED. (Received This’Day at 10.40 a.m.) LONDON, June 8. Victoria Monks, a variety actress, was remanded at Row Street on a charge of stealing and receiving a dressing case containing £1,500 worth of jewellery. ANTI-WASTE CANDIDATE. LONDON, June 8

Newspapers describe Erskine’s, the anti-waste candidate’s victory for St George’s Westminister, (due to Hon W. Long’s elevation to the Peerage) as the heaviest defeat the Coalition Government has hitherto sustained. Erskine fought entirely on economy. AntiSemitic influences helped Erskine in condemning the expenditure on Palestine. TROUBLE IN TURKEY. . CONSTANTINOPLE, June 8. There is considerable activity in British naval circles. It is anticipated that British ships will cover the landing of Greek troops in Asia Minor and blockade the Black Sea ports. COTTON GROWING. ■ Received This Day at 10.35 a.m.) LONDON, June 8.

Ixird Derby, addressing the British Cotton Growing Association at Manchester, said our relations with the Colonies were changing. They are passing from being dependencies to becoming colleagues and allies. They are looking to Hon W. Churchill to effect that change without friction, a task in which he believed Churchill’s qualities would help. Hon Churchill said although progress and development of Empire-grown cotton had been constant, but on a small scale, the whole product amounting only to 2) per cent of Lancashire’s requirements, our twenty years’ neglect of five tropical Colonies had been extraordinary. Government had now decided to devote £1,000,000 from the war time share of the Egyptian cotton profits to foster Empire cotton growing. This would replace the £50,000 subvention promised the Cotton-Growing Corporation. GERMANY PAYS UP. (Received This Day at 8.30 a.m.) PARIS, June 8. The Reparations Commission reports that Germany has' already paid 140,000 gold marks in Treasury Bonds, and 900000,000 in foreign bonds, represent-' ing the excess of 40,000,000 marks which is being used to meet the interest on foreign bonds. BAVARIA DISARMS. (Received This Day at 8.30 a.m.) PARIS, June 8. The “Le Journal’s” Berlin correspondent reports that Bavaria has begun disarmament ,and has handed over one hundred guns and six hundred machin e guns.