MISCELLANEOUS ITEMS.

Hokitika Guardian, 13 March 1924, Page 1

MISCELLANEOUS ITEMS.

BY TKI.KUK.mt—VHBSS ASSN., COfYlttOlfl. ALTITUDK I!ECOli.l) BROKEN. BARIS, .March J i!. Rising from the Seine a seaplane broke the altitude record, reaching A 1.700 feet. -M. I.OUCIIECR OPTIMISTIC. | "Tin; Ti.mi:.." saiivtr m.] (Received this day at 111 a.m.) London. March iu. The Bari; enriespniideiil oi the ‘'Time-" says the optimism of M. Rouehour is not atfci ted I y the acuteness of the tiii.-im ial crisis. Speaking at I iazchrouck. i/mcheur, who is mentioned as a possible successor to ,M. Poincare. declared that the financial position was not as had as is is represented. lie pointed out that the ordinary Budget i,ahini cs though, unhappily. the expenditure mentioned in the Budget as recoverable is not recoverable. Two milliard'- of francs could he found by economies and a repression of fiscal frauds. New resources could lie found in the Colonic... Madagascar must he develojed. and the raising of merino sheep must he encouraged in Krciicii West, Africa, fie prophesised tliat- in twelve years the Erenclt colonies would produce hah the won) required by tie- Krciicii woollen industry. That effort necessary sijiiee Australia is establishing combi tied spinning and weaving mills which would constitute a grave threat to the woollen weaving industry of northern Frame.

FRANC IMPROVES IN LONDON LONDON. March y2.

Temporary credits of four million sterling were negotiated between the Aiigio-Eivneh hanks to afford the French Government hronthing space while completing its financial plan. l . The effect on Loudon was electric and the franc immediately improved.

TOBIN'S GRIEVANCES. (Received this duv at 10 a.m.) LONDON. .March I‘2 Tobin has not been captured. He states that the army has long been alarmed by the Government's interpretation of the treaty. Ex-British officers were placed ill high positions and those who made the Government possible were either demobilised or relegated to minor posts. He adds the authorities offered him C2OOO to leave the army and when he refused they offered to support his candidature for the Hail.