MISCELLANEOUS ITEMS.

Hokitika Guardian, 25 October 1923, Page 3

MISCELLANEOUS ITEMS.

LATEST CABLE NEWS

AUSTRALIAN AND N.Z. CABLE ASSOCIJ'.ION. BANK HR AFT RATES. LONDON, Oct. 2d. The reduction of bank draft rates cabled yesterday, applies .also to New Zealand. A PER LOT) OF IMMENSE niFERTLT V. LONDON. October 2d. Sir E io Geddes, in; addressing the British Federation of Industries meeting at Clasgow, said that whatever Britain did she mu-t now lnc ( , a period of immense difficulty, hut be believed it. might be wise to remove one burden until more normal times returned, namely. tk,> sacrifice involved in maintaining the continuous appreciation of ,iiir currency. Wo have boon stilling on, currency heavily for several years. Our taxation is enormous and there should surely b,. seme connection between the country’s financial policy and the trade situation. We could not control the iiillaticn of foreign counirics blit we could control our own continuous dcflat ion which increased the burden of the muiouai debt, dislocated business and involve i a omi tin lions effort to adjust rose . I,i s burden could l,e alleviated by a ] olicv less exclusively din—ted to the improvement of the American exchange and more cuneeiit rated on the restoration of stable business conditions. He fell strongly that they were entitled to demand a more careful ie-examiiin-t ion of lli,. quest ion by the most eminent fommission which could be appointed and including financial and economic experts, representatives of industry and labour. JAPANESE CBATITI’DE TO NEW ZEALAND. LONDON. Oi i. 22. Sir .lames Allen, on beluilt ol New' Zealand, sent- C25.R-9(I to the British (barge D’Alfaires at Kobe ler tile relief of the earthquake sufferers, and now the .lauaiiese Auihassador at Loudon has written to Sir James Allen as folows: "1 did not fail io immediaielv inform my Government ol this most generous domiiioii. I beg you to convoy to vour (iovei-umeiil my sineeresl gratitude to New Zealand tor its magnanimous action in aid o! the siillerers.” .MR AS!,tUTII ( APT! BED. I.ON DON. Oct. At. As a reminder to Mr Asquith that In* should have m-lnded a visit He- l Adversity in his in-ogi amine during his vis! to Livei-p ml. a oarty "f students surrounded hi.- motor a- he «■ :! hihost’s residence ilus morning, am! insisted no the ilialleiir druiug P- tlm University. where large erowds ol -uiilelits of both sexes vociferous!-, (-luvr-d the eapiive. Mr Asquith accepted the situation good tommim-dlv. eiiiered tin ball and delivered a bri'-f swob. which was received eiitbiisiasitcally. lb- wathen allowed to attend a luncheon a! the Reform Club. THE NAVAL CRUISE. LONDON, Oct. 2.’!, The "Daily Express” eorrespondenl at Plymouth says that, in addition to the "Dunedin,” bound for New Zealand, the cruisers, Delhi. Danae, Dauntless and Dragon, under the command of Rear-Admiral Fir Hubert Brand, win make the Empire tour. Christmas will be spent at. Capetown, and thence the squadron goes to Colombo, Singapore. Ereemanl le. Adelaide. Melbourne. S.vdm.» v. Brisbane. Hobart. Wellington. Lyttelton, Auckland and Kin. SOLTI! AFRICAN LOAN: LONDON. Ori. The Son ill African loan lm.s been oversubscribed. It is nuunlv for conversion. FRONTIER PICKET ATTACK ED.

DEI.III. Dm. 22. Malisml tribesmen bombed a frunlicr picket, at Bnznmrk eanm. nr.d killed two and wounded seven Scorn.-. ioi ,-d wire delemes mvvented the ailae.cers rushing the picket. TA PEST HIES STOI-EN. PAH IS. Ur- 22. Thieves ell'eeled an entry to the S:iiiin <le Mereuro at ilm Palace ol ‘ ! “ -■ides bv climbing a lightning conductor. and stole two Gabel,ip tapestries ol the Louis Quarterse period, \alued at one million francs. Ibe <*■• measured sixteen feet by twenty. ae thieves lowered them into a motor car uh.ich was wailing the courtyard. FOREIGN LOANS Qf'F.STIONS. TOKIO. 0. lob.cr 21. A great set-hack Ill's been sit-tnined |,y* the finances of the country, which must ione lon its domestic developmental and foreign policies. 11-w huge the stilus required to be raised will be. remains to be seen. There is a natioun. sentiment against any exteu-ive fmeign loans, but , foreign borrowing to some extent, will be unavoidable. |[ow little Japan's credit is tdleeted may be gauged from the fail that .the Japanese exchange ran- ha- scarcely fluctuated since the earthquake, llm financial i usitimi is now comparatively -table Naturally, the banks are conservative with regard to loans, but the balds rate i- unchanged. Advantage is being taken "■ the present situation by the larger banks to squeeze cut the smaller ones, or to force them to amalgamate. -11,.. position of the people who in-t Ponds and stock in the lire, following the earthquake, is most serious In »-i oc tlu* ro‘ r i''tors lutvt* nlso I or*u miiuv c«*>os tiu. dost roved, and it will take years to straighten out the position, v.n., a total loss ill many eases.

( OMMFNK'ATIONS QFF.STION. LONDON. OetnV.er The Economic Conference has resinned its discussion on Empire 'ab.e , ymmunientions, ceom-mic «n-l f °AHer Hie morning ses-im,. the Conforence received a deputation Iron, the Empire l’ress Euion. headed hy I-o>* Burnham. on the subject of Imperial roinniunicntioii>. f1.1.-FATl'ifl SFHAIAIIINF.

(“Svilnev Sun" Cable-). (Received this dav at 10.10 a.m A ' TOKIO. Oct. 21. The recovery of the bodies m the crew of the submarine 70 which -auk at Kobe on her trial in August last discloses that some of the crew lived o sever.il hours after Hie plunge They left messages showing they met the death calmly and bravely A note " a towel wrapped round the head ol tin engineer, Shirokano, suys:-"Vvc an. satisfied that we have done our only. and are now awaiting death. A note left bv the electrician. Aoki. says: "Goodbye to my family. Me are rnnidlv sinking. If saved I will _ agau work a submarine. Take core ol yourselves.’’ TOKTO. Oct. 21. It i- rumoured that General Tanka. Minister for M'nr. has deckled, to resign. holding himself responsible as bead of the Army for nets of atrocity committed on Koreans ami ot ici > soldiers, while the city was burning after the earthquake.