BRITISH & FOREIGN ITEMS.

Hokitika Guardian, 9 June 1923, Page 3

BRITISH & FOREIGN ITEMS.

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. II OND UR A S R E VOLU TION. NICARAGUA, Juno 7. The Government is sending troops to the Honduras frontier as a precautionary measure against the revolutionaries crossing. Tile telegraph lines have been cut but other sources advise that there are grave internal disturbances in Honduras. LOAN ISSUES. LONDON. June 7. The Hank of England is issuing £l4000,001) worth of six per cent bonds guaranteed by tbc Austrian Government, of which £3.119,000 is being issued to the British Government in satisfaction of what Austria owes. Ihe 'balance cf £10,881,000 is offered tor public subscription at £BO per hundred redeemable in 1933. Ibe issue lias been underwritten. DcMitigs have commence! here in the West Australian loan, small applicants receiving tluvir allotments in full, others about nentv per cent. The price, after starting at a small premium. is at one-eighth discount. Colonial Government securities generally have improved. Six per tent issues are in request.

REACTION TN JAPAN. TOKIO. June 7. The police authorities against Communists iti Japan have been extended to the Labour Party. Two prominent Labour leaders were arrested to-day. Ir, is expected that there will ho many more arrests, including the writers on Labour topics. The police have searched the buildings of the Masediv l niversity. where a number, of the facilityattempted to organise a militaristic society among the students. Hie police have temporarily suppressed the university newspaper, and the students have called a mass meeting to protest n gainst the police interference with the liberty of learning. SHOULD BANKERS TELL?

LONDON, June 8 Since the High Court case on Juno 1 there has been a controversy as to whether bank officials .arc entitled, m any circumstances, to disclose the state of their customers’ accounts. The committee of Clearing House Bankers have now decided that tho bond of secrecy between hanks and their customers is not modified hv the judgment. The solicitors for the National Provincial Hank, which was concerned in the case, announce that any idea that the hanks are under no obligation to keep their customers’ affairs secret is contrary to their clients’ views. The bank docs not approve of such answers as were given by their official under cross-examination, as they imply a lack of such obligation. The “Daily Express” says it understands the attitude of the banks is that they are bound to secrecy, hut that, when a client has ail overdraft, and letters to his private residence are returned unopened, they are at liberty to make inquiries at his place oi business.

TRAIN ACCIDENT. STOCKHOLM. June 7. An accident occurred to an Amur passenger train. It jumped the rails when passing a bridge, and the rear coaches fell into the river. Twentyeight persons were killed, and 40 injured. Forty others are missing, and are believed t-o have been drownd.