CABLE NEWS.

Hokitika Guardian, 27 October 1921, Page 2

CABLE NEWS.

BRITISH & FOREIGN ITEMS. AUSTRALIAN AND N.Z. CABLE ASSOCIATION WOOL SALES, LONDON, Oct. 25; At the. wool sale mixed offerings sold well, Yorkshire and Continent pilrt'Hilarly. Germahy was buying freely. Merinos fully maintained late ratcay Better class crossbreds were a shade dearei - , Mattgalnta dip, top price 9Vd and average 9d, Dalgety 19.U1 and ]Bd. The Importers Association have fixed London sales for 1922 January 10th, .March 7tli, May 2nd. June 13tli, July IBth.

MARK EXCHANGE. BERLIN, Oct. 25 The exchange rate is 642 murks to the pound sterling. LABOR CONFERENCE. GENEVA, Oct. 25 The International Labour Conference lias opened. United States is not represented. Germany has been admitted and sent a large number of delegates. PR ESS REPRESENTATIVE. LONDON, Oct. 25. Sir Porcivnl Phillips will represent the Australian Press aboard the Renown during the Prince of Wales voyage. EMPIRE PRESS UNION. LONDON, Oct. 25 At the annual meeting of the Empire Press Union, Robert Donald presiding, said the Imperial Conference left t’e wireless situation worse than before. !!e condemned the British Government’s apathy regarding wireless matters generally*, and condeiniied Mr Hughes declaration for free action by Australia. J. O. Fairfax, Stanley Reed (India) and btlibr oversea members spoke strongly of the necessity of the establishment of direct wireless communication with India and Australia.

exports credit bill. LONDON, Oct. 25. si R. Horne in t’:e Commons, ex-plaiuut-t the Exports Credit- Pul! dared prices were too high. He agreed that one cause was that the Government was costing to*.) much. He " ,l8 ddn.r his utmost to reduce Government expenditure and hoped to he able to show considerable reduction in the estimates.

EGYPTIAN AFFAIRS. BRITISH PROTECTORATE abolished. LONDON, iOvt. 26. The “Daily Chronicle” states:—“lt j, expected that Egypt will shortly cease to he a British protectorate, and will become an Allied Power instead. Should the negotiations now proceeding prove smooth, the British High Commissionship in Egypt will cease to exist and will he changed into a pest of British Minister to Egypt. Conferences have been proceeding for some time between an Egyptian Mission (under Ally Pasha) and the British foreign’ office, these suggesting that the protectorate by Britain should he abolished, and a Treaty of Alliance substituted. This change has been agreed to however by both sides. A discussion continues, however, regardinn- the terms of the Treaty. It i* hoped that the Treaty will be signed this year. The British Government is stipulating for protection of foreigners in Egypt. . . , The paper adds: —A British military narrisou will remain in Egypt. ’’ The “Daily Chronicle” further states: “The (British Government and the Egyptian Delegation have reached an agreement regarding the abolition of the British protectorate over Egypt. Egypt will he declared independent. JAPANESE IN CALIFORNIA. WASHINGTON, Oct. 22. A Californian Congressional delegation presented the State Department with a brief prepared by the Japanese Exclusion League urging rigid exclusion of Japanese immigration on the theory that peaceful penetration by that race constitutes a national menace The brief states that there is no claim or belief as to racial inferiority. On the contrary there is frank admission that tlio white race may not hope to survive in this country if copipelled to meet the Japanese in competition for economic advantage and racial existence. It is urged that exclusion should he practised regardless of the rights and priviliges Japan accords foreigners in ln>r own territory and regardless of what she claims concerning the necessities of finding a space outside Japan for her increasing population. The brief adds that the “gentlemen’s agreement” is inefficient. METAL MARKET. LONDON, Oct, 25. r l’in is £156 12s 6d per ton to £l5B 17s 6d; silver is 39 1-8 pence per ounce. INTERNATIONAL LABOUR CONFERENCE. BERNE, Oct. 25. Lord Burnham has been elected President of the International Labour Conference. EX-EMPEROR KARL ABDICATES. I'll'V \' t r-c , .*»

Emperor Karl lias abdicated in the j name of himself and his son. i ~ ARMY STIC BOUNDED, j PARIS, Oet. 25. { Karl was captured at Totis, 20 miles i west of Budapest. He was temporarily i interned in ’the Abbey of Titany on 1 the shores of Bake Balaton. * WIRELESS STATIONS. LONDON. Oct. 2(5 The commercial adviser to C’-hina announces the conclusion of the contract to America for the construction of wireless stations at Shanghai, Harbin, Canton and Peking, thus establishing communication between China and the. United States free from Japanese and British censorship.

CHINA’S AYISH FOR SETTLEMENT AVASHTXGTON, October 26. The “New A'ork Times” (pro-Brit-isli) says: “It is understood that, in her reply to Japan’s Shantung note, China, while refusing to accept the conditions in Japan’s plan for a settlement, will yet lenve the way open for a future settlement by direct negotiations.