BRITISH & FOREIGN ITEMS.

Hokitika Guardian, 6 October 1921, Page 2

BRITISH & FOREIGN ITEMS.

4(,'STlt Al.[ AN AND N'.Z. CABI.E ASSOCIATION. BRITAIN’S WAR BK.ISTS. LONDON. Oct I. The “Duilv Express” states“ The result of Mr W. C bun bill’s recent speech, wherein he suggested Britain should be forgiven her debts if she forgave her debtors has now precipitated a demand by the l nited States for the repayment of '-'9.2.9119,(100 ''t the British war debts to America, wherefore there is three years’ interest a!readv due. while in addition he whole'of the principal is due oil demand. The "Daily Express states that ( hurchill’s remark produced a considerable storm in American new spapers, which asserted that it was the beginning of a movement whereby Britain may avoid payment altogether The City of London regards with dismay any suggestion that the count:' should shirk its financial liabilities. The paper adds: "Me have LI--099 000 in mild, which could lie shipped to the United States, as it is of no value here, and it would be better therefore if the gold were shipped.

COMMERCIAL. LONDON, Oet. 5. Tin stocks are 29,777 tons, spot 238, afloat 2190. deliveries 2036. the woollen outlook. (Received This Day at 9.40 a.m.) LONDON, Oft. The “Financial .News" special correspondent states the woollen outlook atLeeds is very gloomy. There is no immediate sign of a recovery front fiuanlial stress being already under way. Twenty linns made arrangements with their creditors in one week recently and more must follow . I here aie no orders and enormous stocks. Unemployment is rife throughout the West Riding woollen districts. Bradford is more hopeful. There is much unemployment, hut a decided i.io/e----eut in trade, because manufacturers are able to produce at lower prices than they were. Large high priced stocks are held. The prohibition of German dyes does not cause concern. Large stocks are hold >of British lend colours eipial. to Herman dyes, but still unequal in the more delicate shades. LLOYD GEORGE. LONDON. October I. Mi l.loyd George to-day received the freedom of the eitv of Inverness. In a speech he said:—"The Washington Conference would constitute jnc of those outstanding events which would

.iiYct human history for centuries. We wilt do all in our power to make it a success,'' lie said.

Referring to the Irish conference the Premier said: - "'The Conference would only succeed if those entering if made up their minds definitely and

• d»tely to trust to the (■immon--en.se of their own people. Dealing with imemployment. the Premier discounted the newspapei Statements about the existence of a comprehensive government scheme to leal with unemployment. He said that there could not be any such scheme until the Cabinet had decided on it. and Parliament sanctioned it. He had to “get” their minds and this, he said, was not any ordinary trade depression 111 is depression was something abnormal. It was due to the shattering efforts of the war upon the world’s trade the world’s credit, and upon competition. The nations, he said, spent gigantic sums. They had been compelled to mortgage their resources. This was now resulting in their impoverishment. ’l'll'* unemployment situation, said Mr Lloyd George was extremely difficult to deal with.

•‘No oao in the country should he allowed to starve while there is a .ruinb in our national cupboard ’ said tin* Premier.

Sa ill Air l.loyil George:—’‘While they certainly could control their own finances, their trade and their foreign policy, they could not control otner nations. He was hopeful that things were improving but the nation must save. There must be co-operation between all classes, otherwise things would proceed from crisis to disaster.

INOI'EST ON lifiS DISASTER. LONDON. Oclc.Ler I. At the inquest re the 1188, Air Hateman. a scientist aboard the airsliin, ■Tated that ml defect, so far as no anew hail developed during the flight until ■t moment before the final disaster, when there were several lateral shocks which shook the tail sideways as if by some great force. Longitudinal ■dio’-ks followed, immediately breaking the girders. The verdict was that death was accidental, the cause being unknown. A WEDDING. LONDON. October 4. Colonel Lister, the son of Sir T. Villiers Lister, has married Airs George Sattdys, the daughter of Air Duncan Cameron of Canterbury. New Zealand The wedding was at Holy Trinity Church, Brompton BANK SHARES. LONDON, October L The latest share quotations for the banks are: Bank of Australasia 88; Bank of New South Wales 82; National Bank of New Zealand, Ho; Bank of New Zealand, ”8, and 47/fi. CANADIAN POLITICS. OTTAWA, October o. The Canadian Rremier (Air Aleighatt) has issued a manifesto, following on the announcement, of the dissolution of the Dominion Parliament. He -avs —"This election will be wholly a tight against the free trade policies' of the Liberals and the Progressives which would mean the closing down ol 1000 industries in Canada. Canada must have a protective tariff to prevent submission in its relationship towards the Cniti’il States.