MISELLANEOUS ITEMS.

Hokitika Guardian, 12 March 1924, Page 2

MISELLANEOUS ITEMS.

I | Lli'Tki's Tli.ixiba.ms.] | REDEMPTION OF THE FRANC. A LOTTERY SUGGESTED. Received this day at 9.-15 a.m.) PARIS, .March 11. Willi a view to cheeking the franc's downward r nurse. “!.<• Journal”, as a means i,| ioinoviug the bulk of the |'l•'•lieh limiting debt, suggests the oreat.'on of the sixth sixty thousand million l'ranes v.ortli of lottery bond-, redeemin half a century and hearing two per edit interest, with which to redeem lhi treasury national defence now Tearing eight per cent., thus iTt'eiting an annual saving of 1150 millien frillies. The paver suggests that one of the piizes in the lottery bonds he a bundl'd million francs yearly, and another i million fra lies daily. EFFECT OF ARGENTINE COMPETITION. 'Received this day at 9.25 a.m.) LONDON, Ataiv!i 11. Mi Drew. Director of Publicity in New Zealand, lecturing in London, reft i red to tlie increasing Argentine competition with Australian and .New Zeal.i:"i mutton and lamb, lie added that the Argentine, if it had not actually df-t roved the Australian and New Zealand heel trade, had effectively stopped its extension; yet. as far as reciprocal trade went the Argentine purchased thirty million stealing worth of British goods in 1922 while. Australia and New Zealand had purchased eighty-three millions worth. He urged a larger measure of reciprocity.