BRITISH & FOREIGN NEWS

Hokitika Guardian, 11 December 1925, Page 2

BRITISH & FOREIGN NEWS

Australia & N.Z. Cable Association. 1 INDIAN TEA SALES. CALCUTTA, December 9. At the tea sales five descriptions wore irregular and declined half an anna, with the exception of tannings, V which were fully firm. On the other hand the commonest stalky- kinds were in strong demand at full rates. LORD INCH CAPE ON TARIFFS. SO.ME STRAIGHT TALK. LONDON, December 9. Lord luehcape, presiding at the P. and 0. Shipping Company’s meeting, touched on a number of economic questions affecting the company’s interests. He said the replenishment of ships had been suspended in consequence of the high shipbuilding costs. A reduced dividend distribution was nnly possible by the help of investments and drawing on reserves. Lord Imhcape condemned the protectionist policy in its application to the Safeguarding of Industries Act. Referring to the question of Dominions’ tariffs, Lord Imhcape drew attention to their dispostiou to shut out manufacturers by tariffs or subsidies. It appeared to be the aim of India and all the Dominions to manufacture their own requirements and import nothing. Therefore, Britain could not rely on Empire trade. Lord Inchcape expressed the opinion that not ten per cent of the seamen had heard of the recent strike in Auws-'-* tralin, New Zealand or South Africa, which was led by avowed Communists. EMPIRE CRUISES. LONDON, Dec. 0. Presiding at a lecture by Commander Vivian oil the Empire cruise of tho special squadron, Lord Jellieoe urged that there should lie a similar ernise every three or four years, in order that their kinsfolk overseas might realise tbe development and growing efficiency of tbc Navy. He paid a high tribute to all the participants in tho * cruise. He suggested au exchange of visits of ships lietween the British and Australasian navies. It would create a spirit of competition inestimably valuable in the future. He hoped also there would be an exchange of personnel. The more tbe two navies mixed tbe better for both. A LEX ANDR A M EMORIAL. [“ The Times ” Service.] (Received this day at 9.30 a.in.) LONDON, Dec. 10. I Their majesties sail, tinned anil approved of a National Alexandra Memorial, taking tbe form of augment- -~ ing the resources of Queen Victoria •Jubilee Institute for Nurses, of which Queen Alexandra was a patron. Tbe memorial is Iteing organised, which "ill enable all nursing organisations affiliated to partii ipate. SOVIET VIEWS. L“ The Times ” Service.] (Received this day- at 10.0 a.m.) LONDON, Dec. 10. The “Tillies’’ Riga correspondent reports Rvkoff denounced the League of Nati ons as an instrument of war and oppression. He declared that byjoining the League, the Soviet would surrender all political advantages in the East and economic prospects in the West. Since the Locarno Pact, only two European nations, namely England and Soviet Russia, retained their political indejiendeiiee. The Soviet intends to 'retain hers intact.

CHIXKSE FIGHTING. (Received this day at 9.30 a.m.l PEKIN, Dee. 10. I Fighting broke out between Lichinglin’s troops and Kiiominehun’s forces in Yaiigt.snn. It is learned the consular body in Mukden requested the •Jannese Consul-General to protect foreigners with Japanese troops if necessary, which the Consul promised. REPORT ON VICKERS. f“ Sydney Sun ” Cables.] (Received this day at 9.30 a.m.) LONDON, Dec. 11. Mr McKenna’s commute attributes \ ickers huge loss firstly to a world reduction of armaments expenditure; secondly to foreigners manufacturing their own armaments ; thirdly, to decline in shipbuilding; fourthly, to foregin competition in world markets; fifthly, to financial stringency and European political unrest restricting credit. The company experienced five unlucky years and the management had not the special experience necessary to direct such large industrial undertakings, particularly during tho period of protrarted severe depressions.