CABLE NEWS.

Hokitika Guardian, 2 November 1921, Page 2

CABLE NEWS.

BRITISH S FOREIGN ITEMS.

AUSTRALIAN AND N.Z. CAm.lt ASSOCIATION WAR DEBTS, LONDON, October 31 The Home Secretary informed .aQuestioner that lie was hot prepared to introduce a bill to legalise tlie pari mutual or totalisator. Air Chamberlain said the Government was not prepared to approach America with the sugges- r tion that the United Kingdom would cancel half the debts owing her, on condition that United States accept rosponsibilty for the other half, which amounted to about six hundred millions:

lAIReRIAL CHALLENGE SHIELD LhNDON; Oct. 28.,, The imperial Challenge Shield prizes were presented by Colonel Frennel. The number of senior teams entered was 820, and the junior 592. New Zealand gained 189th place in the former competition, and 48th in the latter. Of 124 prizes, Australia won 41.

GERMAN FINANCIAL CRISIS. LONDON, Oct. 31 The “Daily Chronicle’s” special Berlin correspondent states:—The sudden drop in the mark has made Gerntativ it vast bargain country. Invading litlrdbs are (‘rtissiiiji the ,frdiitiurs iit Search Hf bargains. They have cleared the frontier towns like locusts, and also the farms, with the result that many stores here and in other cities are empty and shut. The invaders arrive at the frontier towns in trains, motor ears, carriages, and pushing prams. They depart with portmanteaux full ot spoil. Inlying everything purchaseable, from lings and furs to a couple of meals. Americans prefer furs and evening dresses, ami Englishmen seek cameras and field-glasses; while the Belgians, Spaniards, French, Danes, Norwegians, and Swedes clean out the drapers and china shops and furnishers. Representatives of half the nations of the world arc busy buying up Germany, and leaving the residents to pay the piper, in the shape of rapidly increasing prices.

ENGAGEMENTS WITH REBELS. DELHI, OcL.fU TIC Dorset’s engaged the rebels in south-east Malappuran. inflicting s(> casualties. Another Dorset company surrounded a hand at Manerji and also accounted for many casualties. The I.oicesters were engaged on the Tirau-Alnlappufan Road and there were four casualties.

WOOL HOLDINGS. KKCTKIt’s 1 Kl.EUßAMi(Rccived This Day at 8.30 a.Hi.) LONDON, (let 31: In the (’ominous. Hie reply to a question regarding Government wool holdings, Air Hilton Young said the stocks were confined under agreement to Bawra, for realisation. These approximately represent two million hales. The disposal is proceeding as fast as possible. Over 27o.Ol)0 hales have been sold since 30tli June. Moreover, Bawra would offer 200,000 before « ;Ust December. Air Young added that the present market prices almost in- „ variably rule above the reserve prices. Reports were recently circulated by observers of the markets that textile prices particularly cotton, .had teaclied the bottom, foreshadowing a firming tendency. These were supported h\ the revised price list issued hy Hnrrockses showing a ten per cent increase for cotton clothes compared with Ist August.

FE ATH Eli WEIGHT CONTEST. LONDON, Nov. 1. Fox outpointed Honeynian in 20 rounds for the featherweight champion, ship and the Lonsdale Belt. The contest was poor and below liest form. Both men were continually warned for invularities. At the end of the 20th round, the Judges disagreed, and the referee decided for Fox.