BRITISH AND FOREIGN ITEMS.

Hokitika Guardian, 17 June 1922, Page 3

BRITISH AND FOREIGN ITEMS.

AUSTItA I, IAN AND N.Z. CABI.E ASSOCIATION.

INTERNATIONAL COURT OF JUSTICE. HAGUE, June 15 Without ceremonial, the Judges wearing Mack robes and velvet collars, the !»let-national Court of Justice open ed for the first business session. Sir R. Pollock, the British Attorney-General addressed the Court as a preliminary to England's appearance in Court to state her views of labour eases.

CHEAPER -MONEY. LONDON, June 15.

The hank nt'le of interest on advances has been reduced to three and it hall per cent. The financial anti cummoreial circles welcome the reduction ti c hank rate. The reduction makes the rate fho lowest* if has been since .January of 191 I. It is taken as an indication that the conditions are moling towards normahty. Ihe reduction wil'l, it is expected stimulate a recovery .at Rritish. commerce.

It is believed that the Governors oi the Rank of New Zealand were influenced in ilicit" decision to reduce the i,••1,, hv tin improved outlook lor Inborn an.! bv Ihe improved outlook in Ireland. The Governors have also been desirous

making the Indian I man a success, and other cheap money is also csseitJal, as other extensive loan operations are imminent. CHRISTCHURCH, Juno US

Referi'iim to the reduction in the Rank Rale'of interest. Mr Massey said that., needless to say, he was very I’I.-:!>••(I to see it. "I think it a very line thing for the whole ol the Dominions,” he said, "and. und"i the existing circumstances, more particularly, rh.aps, for New Zealand, because it. tn-atis that money Is now plentiful in England and is gradually get ting cheaper ; and. as money becomes ’more plentiful, so will trade improve, along with the purchasing power of the people there who are our host, customers. I hope the time will soon come when w shall find a reduction in the 'rate ~f interest in this country. The local bodies, farmers, and business men a 1 want cheap money. The sooner tt, tomes along the better.

A HUGE FIRE. NEW YORK, Juno 16. A wind whipped up a lire at the seaside resort of Averne at Umg Island, near the city, and it hunted 100 buildings.‘including many hotels. Sixty persons were injured, and 20.000 ate left temporarily homeless. The fire razed half a square mile and did damage to the extent of $4,000,000.

RIG RATTLE IN CHINA. PEKIN. June 10. Fighting on a large scale has been resumed between Wu Pei Fit and Chang Tso l.in. The truce cabled mi June Stli appears to have been a. ruse on the part of cluing Tso Lilt to. gain time to reorminiso his nrfuy. Chang Tso l.in is now virtually surrounded. and .is being diiveu towards Mukden The plight of the wounded is terrible

The capture of two Japanese spies is confirmed. They were surrendered to the Japanese Commandant at a treaty port. GERM) TIE-VAN ARRESTED. VIENNA, June 15. Police, detectives, after a struggle in a hotel bedroom here, bave arrested a man. who is suspected of being Gerad Bevmi, the absconding London financier. The prisoner Inter attempted to .suicide in prison.

SOAP WORKS FIRED. (Received this day at 9.50 n.m.) LONDON. .Tune 16. Largo soap and candle works in Belfast were destroyed by incendiaries, today. A mob took advantage of the fire to loot a number of shops in the locality. JAPAN’S FRANCHISE. LONDON. .Tune 10. It is stated Koto contemplates requesting the Thioiie to enfranchise alt qualified citizens, within two years. COOATNF. SMUGGLER. (Received this day at 9.50 a. 111.) LONDON. June 16. David Davis from Hamburg, has been charged at Grimsby with smuggling one hundred bottles of cocaine, concealed in a false bottom trunk. He was remanded. Rail was refused. One account describes Davis as an Australian and another that he was enroute to Anstra-

INDIAN RUNS AMOK. CAIRO, June V

An Indian Sirvnr attached to tli • 31st Lancers stationed at Suralf iu Palestine in a lit of insanity, ran amok with a idle, killing Captain Fleming anil two Indian oiiic.'is and wounding one .i.'fic r mil fair men. lie then shot himself, but not fatal!..

m'TY OX WOO!.. | (Received this iliiv et !)..-,() :i.nO j XKW YORK, .7line Hi j Tin' Xnlii)ii:i! Association of retail | i lcil.'iiors :it ('liii'iiL'o. wliieli di-inis it. i in-ports sixtv per cent of flip wool imiii- | sullied in I'nited States, Inis ii'.inioii- ' rated i' < •iiiiiiitimi nonii-.st i !ip liiil lie I'ere i7 lO Senate to impost- :i I'oty of tliii'tyt liri-o cpu' per pound on imported wool. Till- Assop'itOoii contends t!i-' duty on wool will increase elution’; prices I>\- till'd- to live dollnrs per suit. ( jury it iu your pocket. ‘'NAZOI/’ protects i'rom colds. coughs and sore ilironts. IVnotr:itio<r, pleasant. sate and convenient. Is (id hnys *>d doves.