AMERICAN CABLE HEWS.

Hokitika Guardian, 19 March 1926, Page 2

AMERICAN CABLE HEWS.

[Australian & N.Z. Cable Association.]

SECESSION FROM CANADA. MARITIME PROVINCE'S MOVEMENT. NEW YORK, March 18. Speaking at Boston, Major Daniel Owen, K.C., of Annapolis, Nova Scotia, a member of tbe Canadian Air Service, declared that tbe present generation would see the - separation of the three Canadian Maritime provinces from the rest, of Canada.' “The movement for the separation of Nova Scotia. New Brunswick, and Prince Edward Island has been gathering momentum steadily for years,” bo said, “and it has attained added strength within the last few months. Next, year will see the beginning of an organised effort, which will crystallise tbe sentiment so long rampant. Secession can be accomplished only ‘by the decrees of tbe Imperial Government, which can dissolve the Canadian Confederation, or else by the method that was used by Ireland. Few expect it to come to that. None want it, but it is a struggle for the very existence of tbe maritime provinces. I would hesitate to say that civil war is possible, although it lias been said so recently in public.” ” He said that tho secession did not mean the annexation of the three provinces to tbe United States, but it *F* means the establishment of a. separate Dominion, or a crown colony. “The three eastern provinces hold only twenty-nine seats out of the total of more than 200 in the Canadian House of Commons,” lie declared. “We cannot hope to secure anything cquittable from the dominant industrial provinces of Upper Canada.”

NEXT WORLD WAR

NEW YORK, March 17

Sir Esnie Howard, British Ambassador to U.S.A., addressing the Chicago Association of Commerce, said: “The next world war will he a struggle for markets, which wlil Iks waged as bitterly as any that has sprung from traditional hatreds, national jealousies, or territorial ambitions. It seems to me that the subjects that now interest dip. plomacy have changed so enromously during the short forty years that I’ve had anything to do with the business, that the outlook of the various Foreign Offices of the world has imperceptihiy»altered. A great change that has coine over them has been the conviction that economic causes dominate liistorv.” ■ ' XJ.S.A. PROSPERITY. WASHINGTON, March 18.

The Federal Reserve Board have published a. survey of the current financial and industrial developments, wherein the United States is pictured as enjoying an era of almost unprecedented prosperity. The report says: The new domestic security flotations in 1925 totalled (5200 million' dollars, which was the largest for years since the days when the Government were borrowing heavily for war purposes. In addition, the foreign loan issues floated in the United States in 1925, totalled 1300 million dollars, of which 1,100 million dollars were issues, while the remainder represented funding operations. Simultaneously the IJ.S.A. Department of Commerce estimates that the Amercian money invested abroad is vastly greater than formerly. It is said that, regardless of the tremendous volume of American financing. there is no serious strain on the credit facilities, so much so that the long term interest rates on bonds are lower than at any time in.the past nine years. Further, the corporatod earnings are greater than at any other time in recent years.

The Revenue Board reported that the investment of funds is due to active business and to full Employment in industry, while the proceeds of the security issues have been used partly in financing construction work, which has been 'large during the period, and partly have been due to the acquisition of additional industrial equipment and also to the financing of foreign demands for American goods, and to assisting in the stabilisation of foreign monetary conditions.

The report added: The volume of tho nation’s savings has been exceptionally large. The earnings of the factory workers have been high. For more than a year past, the farmers’ income, though somewhat smaller than in 1924, has been larger than in any other recent year. U.S.A. ATTITUDE. WASHINGTON, March 19. Indications that the League of Nations may ask the representative of the United States Government to explain the American reservation to the World Court ratifications, caused great surprise to-day at tho State Department. where Secretary Kellogg, said the Government was dealing directly with forty-eight members of the Court regarding their acceptance.

Informal advice from several Governments indicated they approved of the reservations.