AMERICAN ITEMS.

Hokitika Guardian, 28 January 1925, Page 2

AMERICAN ITEMS.

lUBTR/LUN AND N.Z. CABLE ASSOCIATION GOLD FOR AUSTRALIA. " NEW YORK, January 20. The National City Batik announces that it will ship three million dollars in gold to Australia in the next fortnight. It is expected that other banks will also make shipments in the near future, but it is believed that this sudden flow of the- precious metal will destroy the existing premium, thus producing a natural stoppage. A USTR ALI AN BONDS. NEW YORK, January 20. The ‘•Evening Journal,” YTr Hear.st’s leading evening paper, in advocating American investment in Australian bonds, says:—“American financiers will join with (lie London bankers in helping Australia, by floating a bond issue of one hundred millions. That is a good idea. Those bonds will be good bonds. Everybody on this continent, north and south, is interested in anything that can he useful to Australia or New Zealand. Australians and New Zealanders are living within the yellow shadow of Asia. Frontiersmen and defenders of the White race should have all the help that can lie given in money and in any other way. What is most important to buyers is that tbe Australians will pay their debts. Y'ou may buv those Australian bonds safely. That is a deal more than we can say for many bonds from Europe that are now being unloaded ou tbe American markets.” THEATRE AND RADIO. NEW YORK, Jan. 27. Convinced that the radio, the theatre and the photograph are in a battle that may mean the destruction of ore or more of them, an organisation of all the elements comprising the American theatre, to consider encroachments of the radio, and to safeguard the stage as a national institution, was provided for in resolutions adopted at the Conference of the Actors’ Equity Association. Mr William Brady, the producer ai.d manager declared that radio is rapidly eliminating the legitimate and the musical comedy stage. He said that some theatres played fo forty per cent, reduced receipts as the result of the radio invasion.