AMERICAN ITEMS.
kUSTUALIAX AND N.Z. CABLE ASSOCIATION. SLIGHT RISK TX FRANC. NEW YORK, Jan. Id Sterling reached 4251 representing a recovery of 2] cents from yesterday’s close. The franc began a brave, unsteady rally, nevertheless closing at 1 ,‘l-10 and showing a gain of 1-10. News from Paris is deemed to be the cause ot inducing a recovery, in view of the French Cabinet’s reported approval of a twenty per cent increase iu taxes, and adoption of a programme of retrenchment, including an adjournment of pensions and bonuses, as well as the most strict economy in public services. Bankers are gratified by the evidence of a construction programme, which has been brought about in 1- ranee ami thereby improving the market.
‘ SENATOR’S REQUEST. WASHINGTON, Jan. Id Increasing popular apprehension respecting the safety of dirigibles (cabled January If is reflected by representatives of Senator Taylor’s resolution requesting the Navy Department to inform the House what scientific facts could he ascertained by the proposed polar flight of Z.R. 1., and whether the Dixmude’s defects had been corrected in Z.R. T. He also asked an estimate of the probable costs of such a polar flignt.
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Hokitika Guardian, 17 January 1924, Page 2
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192AMERICAN ITEMS. Hokitika Guardian, 17 January 1924, Page 2
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