MISCELLANEOUS

Hokitika Guardian, 1 August 1922, Page 3

MISCELLANEOUS

IUSTRALIAN AND N.Z. CABLE ASSOCIATION MARK STILL FALLS. (Received this day at 9.50 a.m.) LONDON, July 31. The mark is quoted at 3000 to the £ to-day, owing to the Reichsbank’s increased discount and French rejection of the Moratorium in connection with private del)t s incurred' before the war. It is, however, expected that the Reparations Commission will he inclined to grant Germany’s request.

TERMS OF UNION. RHODESIA AND SOUTH AFRICA. (Received this day at 11.30 a.m.) CAPETOWN, July 31. The terms submitted by the Union Government to Rhodesia for incorporation in the union are published to-day. The main provisions are Rhodesia to have ten members in the Assembly, to lie increased in accordance with population till it reaches seventeen, which is the same as Natal and Free State. Four elected, are nominated Senators, to lie increased to eight, elected and two nominated by’the Provincial Council to he established with twenty iiicinliers under an administrator. Measures art- taken to secure administrative decentralisation, the administrator acting as agent of the Union Government, the ordinary provincial subsidy to he supplemented bv a special subsidy of fifty thousand for ten years, Rhodesia lo pay the same taxes as the Union hut for a period of three years after incorporation there is lo he no alteration in tlie present income tax exemption. The Union will provide a special development grant of not less than halt a million yearly, for ten years, for irilwa.vs, public works, irrigation, and bind settlement. The language equality to ho established the same as the Union, hut the rights of members in the existing public service are to he fully guaranteed. Rhodesian and Reciiuaiialand railways to tie incorporated in the Union system with the same tariff. Tlie port of Boirn to he further developed, and mineral rights of the chartered company to lie acquired ns soon as circumstances i>ermit.. No organised recruiting tor native labour for the benefit of other provinces to he permitted. Union immigration laws will apply to Rhodesia.