BRITISH & FOREIGN NEWS

Hokitika Guardian, 2 March 1925, Page 3

BRITISH & FOREIGN NEWS

[Reuters Telegrams. 1 t i THE MONEY MARKET. (Received this day at 8 a.m.) i LONDON, February 28. i The price of gold is 87s 3d. < The money market lms been disorgn- < nised by the Federal Reserve Bank at New York raising the rediscount rate to 3". t The Bank of England has raised F c rate for weekly advances by one per c cent. This caused a. similar advance in all discount rates and treasury hills ci are placed at an average of 4 11-15 i per cent, as eonmprod with It 11-10 per cent last week. e It is generally expected the hank rate a will be raised next week and cou.se- s quently the Stock Exchange is mi- a settled. Prices are mostly lower. v ~ il UORRITT TO GO TO U.S.A. LONDON, March 1. t Obstacles having been overcome. For- 2 ritt sails lor-Arne: it a in .July to com- | pete against the American Universities, v (i LABOR LEADER. LONDON, March I. Mr Arthur Henderson denies the reports of a split m the Labour Party and he declares that Mr .MacDonald is not going to he superseded. The party 1 has only one leader and that is 1 MacDonald. He was given the leader- ! ship by the votes of the party, and had his party’s confidences.

SINGAPORE COXFEI?EXCE

(“Sydney Sun” Cables)

.Received this day at 9 ‘45 a.m ) LONDON. March I

The “Sun’s” special representative for the naval lonferencc at Singapore, reports the harbour yesterday was hare except for the mercantile licet, but is now occupied h.v a line ol sixteen grey warships, gathered from all parts ol the ocean. The ships cruised slowly, in order no doubt to make a dramatic entrance together. The town, which is tenanted by large numbers of Chinese, and Malays, and normally has given the impression of being a Chinese town, overnight became a British .settlement, crowded with officers and sailors. It was a scene of great bustle. The squadron remains three weeks. 4 lie Admiral’s official landing takes place on Monday. The Conference starts on Tuesday. .Extreme precautions have been taken to prevent any leakage ol information. The meetings will he held aboard a warship. The Admiralty have taken great pains to warn the public that the conference has nothing to do with the question of the Singapore base AN EARL’S ESTATE. LONDON, Fell. 28. In the late Earl of Shrewsbury’s estate ease, Mrs Brownlee, when crossexamined, admitted that she never hi d been married. Slu- had no income when she first began to live with tinlate Earl. Tho means she had since nouired bail been through Ins bounty. The Karl presented her with fourteen horses, and he bail promised to pay the expenses. A number of the horses were sold, the whole of the proceeds' going to pay entrance and jockeys lees and other expenses. Robert Siever gave evidence that the late Earl had arranged that he (Siever) should train for Mrs Brownlee who should race in her own name, ami colours, and that the Earl should he responsible. The Judge at one stage, reproved Siever for impertinence to counsel anil asked him to apologise. At the conclusion of the evidence, the Judge pointed out that lie was acting on "behalf of an infant, in whose interest the ease should be settled. He did not desire to put any pressure on Mrs Brownlee, but lie could, and would, put pressure on the infant who was his ward. He adjourned the hearing till Tuesday, when ho meets the parties privately to hear the results of their efforts at a settlement.

THE OLYMPIC ASSOCIATION. LONDON. March 1

At the annual meeting of the Rntish Olvmpic Association. Lord C'adormn i chairman) stated the Association had never before bad so strong ami stable a year, it finished with a balance of Cl, 158 sterling. The Association bad gained strength owing to the poliev Of entertaining teams non, t u Dominions. The histone luncheon honour of the All Rlacks was an example of what unity and continuation to sport could do, indicating the poss. if i ties ahead if the Association «■ able to gather into its told eveiyo" of the governing bodies ol sport u tain. He declared the Olympic Games were far too ponderous and > • Drastic stems must be taken to ,eduu e programme to enable every conn- ', «v,i « been engaged in ascoi taming views of the governing bodies m th. respect and Tt precis of those views had been forwarded to the International Olympic Committee which would , view them at the congress at Prague SIvCTSITY ATHLETICS POSTPONED. LONDON, March G American I niversities hate P’-H ed all athletic fixtures for a w«KA enable Porritt to accompany the combined Oxford-Cambrulge team aftei - irnffs. .in ti»- ”' l " kc two trips to America in three months.