BRITISH & FOREIGN ITEMS.

Hokitika Guardian, 30 September 1921, Page 2

BRITISH & FOREIGN ITEMS.

CABLE NEWS,

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. EMPIRE EXHIBITION. LONDON, Sept. 2-'. With a view to relieving unemployment, Cabinet is considering the a .-celcrating of work on the British 11,I 1 , .ptre exhibition cabled on 2-1 th July. The promoters have received guarantees of 1t.T00.000 sterling towards the mil ion " required. "^L, LONDON’S MAYOR. LONDON, Sept Sir John Raddely was elected i.ird Mavbr elect of London. i TWEED COMBINE. LONDON, Sept. 29 Scottish tweed manufacturers arc proposing to form a combine to eleotinate London wholesalers, contending they can halve the prices of suits and I increase their sales. LABOR AGENDA. LONDON, Sept. 75. The agenda paper of the International labour organisation of the l League of Nations meeting at Geneva i includes a discussion on measures providing against unemployment among norieulturnl labourers, tbe disinfection of anthrax infected wool, provision of . a weekly rest day in industrial end 1 commercial employment, and compulsory medical examination where t'lddren are employed on shipboard. GERMAN TRADE, i LONDON; Sept. 25. The ‘Morning Post’s” special correspondent at Berlin emphasises the hunt for industrial economies in raw material, labour and time; also an endcaI vour in export trade to take up 111 qualitv what lias been lost in quantity, in order that sheer merit may force an j entrv for German goods into hos.ile markets. Thus coal mines, smelting works, rolling mills, locomotive shops and distributing farms are forming a lone chain of industries, running the I gamut from the raw material to the I finished product. In order to pay the I repartitions, Germany must carp- still further the start she got over the rest of the world by applying science -o industry. The final conclusion is that . Germanv is determined to pay in order to huv hack her freedom. Germany will become one of the humming workI shops of scientifically run industry. It is an interesting speculation what will he the relative position of Germane and her present day dictators, when, after vears of high pressure production. the last penny of reparation is paid.

GERMAN FINANCIAL PANIC. LONDON. September 28. The “Dailv Express” Berlin correspondent reports: The overshadowing question of the hour there is: W m the £ reached 500 marks r” At one time on Wednesday 190 marks were quoted to the £. The catastrophic Oil in the mark’s value has caused f „,h net vusness that it is stopping : dl business. Nevertheless the shares on the German Stock Exchange are rising in a startling fashion. Rises - of 250 points in one day are common, Some mining ’‘kares have risen over 2000 points. Frantic speculation is universal. An indication that the confusion is due to the slump in the value of the mark is furnished by the fact that the puces of goods in shops are constantly changing! When (the price of an article < is” asked, an assistant says: ‘'■‘T.xcuse me a minute, while 1 ask the manager of the department how much the price has risen in the last hour. There is a general feeling that a Climax is coining. It is impossible for German finance t. continue to inn a mole.

The “Dailv Chronicle’s” Darts correspondent states: “A Seine River myst has been tathomeu. A P IU ’ 1920. a sack containing the mutilated remains of a man was d,scoured. Jt 'r’ S 'and G.mr . '"Canadian orderly ‘TteV'l* months, the police hnve found It was a waiter named .lohm and they have arrested Johin’s wde am »«£££ her lover. It transpires that f“'.rl,,!S u Ki;«T, , dS.Si.r™ »>*■ ni in dci ot i t t lie con ple i" Gie 16 dead' '"man’s savings and li d a cafe. Burger even compelled Ids' step-dntighter aged 11. to assist in throwing the body ...to the

typhoon disaster. TOKIO, Sept. 2S. A typhoon killed several hundred in Central Japan. \ tidal wave wrought extensive damage on the Island of Hondo.

t C VPITAI.IST ECONOMIST. NEW YORK, Sept. 29 Professor Butler, in a speech at the opening of the 16Sth Academic vear at Coltimhia University, .aid that m tt task of reconstruction in Europe. Amehad a part) to play both honourThie atid selfish. It was honourable ; \ m American people to give s«pSrt in rebuilding a broken wor d wherein they were the chief fne or ; It was selfish because the w*hd> pre ing economic disorganisation could he consuming P°" ers . llot -W Europe. He. who said this tas not * concern of Americans and that the. - must not become involved in the P J hlenis of other nations or Continent was blind to the most obvious facts a d plainest teachings of American history. \ BUYERS’ STRIKE. WASHINGTON, Sept. 29 The Emergency Measures Committee lia . decided to ask the manufacturers, Wholesalers and retailers to reduce the prices of their commodities this E in'order to break the so-called buy. e «- strike, which, it is contended, has been causing stagnation for months It is ho,led the reductions will result in stimulating industry, and provnhng work for the unemployed. * It is felt that the manufacturers, it necessary, should accept a loss on tho raw materials, which they bought at high prices. It is well-known that a large class of retailers are maintain, in.r their prices ai a high level, despite the fact that the stocks are moving but slowly.