BRITISH & FOREIGN NEWS

Hokitika Guardian, 4 January 1926, Page 2

BRITISH & FOREIGN NEWS

[Reuter Telegrams.] M. DOUMER’S PROPOSALS. PARTS, Jan. 2. Further details of M. Donmor’s financial proposals show they provide an autonomous fund for the redemption of the public debt to be administered by a council composed of independent and impartial high officials. Besides a minimum allocation of 21.503,003,000, francs, the fund wilLv receive any budget surplus; also nations and legacies. The price of tobacco will he increased as the result of the new tax. It is stated the new special temporary tax on payments does not apply to indispensable foodstuffs. PRESS COMMENT. LONDON, January I. The “Morning Post” emphasises that the brevity of tha Honours List sustains the new tradition established since the Coalition Government fell, and adds:—“Such recognition of Dominion statesmanship as Privy Councillors the Right Hon. .T, G. Coates and , Sir F. W. Bell will be as popular here T as overseas, while satisfaction will ho felt again at the knighthoods of representative public men of the dominions.” AUSTRALIAN NAVY COMMANDER. LONDON, January 1. The Admiralty announces that Captain George Hyde, of the Royal Australian Navy, will succeed Commodore Wnrdie in command of the Australian Fleet on Muv I next.

'WE ‘•JOYSTICK” PATENT. PARIS, December 31. The Supremo Court has decided that fthe " joystick ” device for controlling,-. the wings and rudder of an aeroplane is a protected patent and the property of M. Pelterie. It is expected that attempts will ho made to collect royalties from foreign countries. FRANK AIUNSEY’S WIIX. NEW YORK, December 30. The bulk of the estate of the late Mr Frank Munsey, the well-known publisher, unofficially estimated at forty million dollars, goes to the Metropolitan Aluseum of Art in this city. Under the terms of the will, filed to-day, the trustees are given five years |or more to dispose of the newspapers A as well as other property and business interests. FEELING OF SORENESS. WF LONDON, Dee. 31. T The ‘‘Daily Mail” states that one will he sorry to hear that there is a feeling of soreness in the Dominion quarters at the delay of the British Government in.carrying out the recommendations of the Imperial Economic Committee. It expresses the hope that the Government will immediately carry out the proposed plans and thus make some practical return for the preference which most Dominions grant to our produce.