BRITISH & FOREIGN NEWS

Hokitika Guardian, 24 August 1925, Page 2

BRITISH & FOREIGN NEWS

[“Tux' Times” Service.] FRANCE’S DEBTS. PARIS, Aug. 21. According to the “Matin,” it is practically decided that M. Caillanx shall head the French debt delegation to America in September. Canimonting on the forthcoming Anglo-French debt conversations “Eli Rourelle” points out that France lent the Allies sixteen billion francs, which have not yet been reclaimed. > la>. Journal says Britain asked France to make annual payments of twenty-one millions sterling, namely, the difference between British, payments to America and British receipts from Germany and Italy. It is understood M. Caillanx will ask that France’s yearly payment In: thirteen ■>r fourteen millions sterling. “I.e Matin” argues that France •mould pay Britain only nine millions sterling yearly. POLITICIAN DEAD. LONDON, Aug. 21 Obituary :—Sir Montagu formerly 'permanent Under-Secretary nf State for the Colonies. CHINESE SHOOTING. r - PEKING. Aug. 21. Liaoehinghsi, mentioned yesterday, was shot while alighting from a motor car in front of Kimmingtang headquarters. He died on route to tho hospital. Guards killed one assassin, and wounded another, hut the others escaped. It is reported there have liven dissculiuu in labour circles, and the assassins were probably labourers. A previous attempt was made at a Labour meeting recently. Liaoehinghsi was the leader of the workers, and the real power behind the present strike. Ho was Finance Minister in the National Government, and was three times Governor of Kwangtnng. He was also violently anti-foreign and anti-Christian. OFFER TO PURCHASE WEMBLEY. LONDON, August 21. Mr Day. a member of the House of (’ominous and a revue producer, on behalf of a syndicate of insurance men offered to buy Wembley for the purpose ol con verting- it into a model \illage and building middle-class houses to he let at a yearly rent of sixty to sixty-live sterling, the larger building to he utilied for public jiurposcs. BRITISH DYE STUFFS _ CORPORATION. LONDON, August 21. The “Daily Express ” says the question of disposal of Government interests in the British Dye Stuffs Cnrjwration lias been referred to the Civil Research Committee. Cabinet has been considering tin* matter and there is no doubt disjsis.il will he decided upon. The Government will demand an undertaking that the corporation will not he jiermitted to fall into foreign hands. STINNES’ CREDITORS. BERLIN, August 21. A meeting of the creditors of the St in lies .Motor Works decided to plaro the business under supervision, and to establish a committee ol creditors to carrv on the work- jointly with the Board of Directors, while temporarily suspending their claims, lhe jiosition now is that the affairs of the company will he controlled by a special court, which will have the final say iu all future develojiments, hut it is incorrect to say the firm is bankrupt. On thecontrary the creditors have agreed to grant a respite for the payment of hills, and will continue to supply the works with material. Consequently it is expected the creditors will be able to recover their losses. The balance sheet presented tit n meeting of the creditors showed tl, obligations are 9.2oo,oooinnrks, bur they are fully covered hv outstanding debts, while other property of the company that is estimated at a value of eight million marks was not taken into account. Meanwhile, negotiations for credits continue, and Edmund Stinnes’ offer of half of his shares to the firm’s workmen still holds: good. STRIKE ON BRITISH SHIP. VANCOUVER. August 21. - The Chinese boycott of British ships has spread to here. To-day sixteen Orientals of the crew of the City of Victoria refused duty, under instructions from Shanghai. . __ Court proceedings have Iveen com- 7 men cod against them.