AMERICAN ITEMS.

Hokitika Guardian, 13 December 1923, Page 3

AMERICAN ITEMS.

AUMTUAI.IAN’ AND N.Z. CABLE ASSOCIATION. .MKNICA.X BKBKI.S. NEW YORK. Dec. 11. A message from Nogales, Arizona, states the .Mexican Revolution is strengthening. D Inis hoen joined by the Tampico garrison, now two t.hoiisand strong, including a crack Mexican regiment. The rebels are sweeping Mnr.atln and Tamanlipas, under three good Generals. The majority ol the .Mexican Army is said to he faithful. Seventy-five of the rebels are gathering recruits hourly. They are proceeding with a business-like invasion of higj areas, ousting the Ooregmi official. Three separate hands were sniil to he advancing on Mexico City on I uesiia.v night. A PPOINTMENT CON LG RM ED. (Received this day at 8 a.m.) AY ASIII NOTON, Dec. I 1 The Senate has confirmed the appointment of ex-Sena! or Mellogg as Ambassador in Ifritnin. u.s.a.~comu\g in. FOR REPARATION INQCTRV. WASHINGTON, December 11. The United Stales Government would view with, favour the participation of American experts in the proposal Reparation Commission inquiry committees that are now under consideration. It is nuncumed the Government could not | in ticipi'.te in any oflieial v.ay, oi J appoint olficial representatives on the committees, hut American experts in private capacity would he upj roi i'il. \|'AV YORK, December 11. The New York “Times” Washington ce i respondent says: President ( indulge Relieves the final proposal to determine Germany's financial enpacity "ill proxe „ most substantial step in the direction of solving Europe's eemioinie piohlenis. and hopes it will result in a plan for the payment oi reparations. It is furthermore stressed that, aithough the United States cannot formally participate in tlu' work of the Reparations Committee, nevertheless American expcits chosen therefore will serve with the expressed approval id' the American Government. It is understood General p lt ws. who is one of the first Directors of the l'tiited States Budget, and Mr j |> .Morgan will probably he included (Mining the Ameiicau Experts, fhc United States' decision to not.opt M. I’oil mare’s invitation was actuated by iufoinudiui'i that France would in no way restrict the l'.xperts’ inquiries, and the conviction that the 1‘ rccch lamier’s proposal loosely approximated the Hughes-Cnr/.im plan. EXCHANGE RATE. NEW* YORK. December HThc pound sterling reached TO coni', marking » recovery of six and a half cents from last week, mid thirteen Scents from the low point cabled on November 19th. Sterling seems definitely to have overcome tlucc sources ol depression, namely, the Biitish exchequer's recent purchase of'dollars against the interest'to U.S.A. oil the war debt: secondly, London tins already paid foi four large American cotton purchases, and thirdly, the British elect ions gave the quietus to loose inflation talk, which had gained unfortunate headway.