BRITISH & FOREIGN ITEMS

Hokitika Guardian, 24 March 1922, Page 3

BRITISH & FOREIGN ITEMS

AUSTRALIAN AND N.Z. CABLE ASSOCIATION.

BANK PROFITS. LONDON, March 23. Bank of Australasia divisible profits for the year are £734,263. PIANO COY FAILS. (Received This Day at 9.5 a.m.) LONDON, March 23. A liquidator has been appointed for the Brinsmead pianoforte Manufacturers Company, formed in 1916, with a capital of one hundred thousand sterling, to acquire the business of the company formed in 1899. The failure is attributed to losses in 1919-20, 1 output and subsequent labour troubles. After the assets are realised, there wilj still be thirty-five thousand owing to second debentures and twenty three thousand to unsecured creditors. SUBMARINE LOST WITH ALL HANDS. .Received This Day at 8.30 a.m.) LONDON, March 23. A destroyer collided with submarine H 12, during manoeuvres off Gibraltar. The latter was lost with all hands, twenty two in number. THE LOST SUBMARINE. Received This Day at 1.30 p.m.) LONDON, March 23. The submarine H-42 was rising to the surface twenty yards from the Versatile which was steaming twentyseven knots. She cut the submarine in half. The Versatile stood by for hours, but there was no signs of the survivors. OFFER TO BALLOT. fßeceived This Day at 1.3') p.m.) LONDON, March 23. Shipbuilding and engineering trades decided to ballot on the terms of the master’s lockout notices and have asked the employers to postpone the lockout pending the result of the ballot.