BRITISH & FOREIGN NEWS
[Australian & N.Z. Cable Association.] EGYPTIAN ELECTIONS. CAIRO, May 13. Zaghlul Pasha was elected to Parliament unopposed. FALL OF THE FRANC. PARIS, May 16. The French Finance Minister, AT. Peret, has gone to London, accompanied by financial experts, in order to find a solution for the exchange problem. The rise in sterling on exchange during the strike startled the French financiers, especially as the fall of the franc coincided with the opening of operations of the Savings Bank Committee, which hoped to stop the fall.
It is doubtful if a .settlement of the French debt to Britain will improve the standing of the franc. It is also doubtful whether the French Government will he able to find twelve millions sterling annually to liquidate its British debt, hut M. Peret intends to explore tin* situation, especially the possibility ot getting hack forty millions that was lent, as security to I he Lank ot England during the war, as a basis for French credits.
Al. Peret announces that he is unlikely tii bring hack any signed agreemeet. He declared: “T am going to London to frame a financial policy cf good relations between the two countries.’’
RARBER’S STRIKE
tßeceived this’day at 5.30 a.m.) PARIS, May 17. Reports that a barbers’ strike is inevitable caused a rush for .safetyrazors, brushes and soap. Barbers employees, however, realising that this would reduce their clientele after tlio projected strike promptly issued a manifesto stating they would shave regular customers free. They are opening. a temporary shop in each district until the master barbers give wav.
EM ERG ENCY PREPARATIONS. LONDON, May 17. ' . The Government proposes a thorough enquiry- into the working' scheme for / the maintenance of essential services' during strike time. The successive Government, (including MacDonald's! had a skeleton organisation which it was never necessary to use. The Cabinet is anxious to discover how the ' machine was worked and how it could he improved. The complete register of all volunteers is being prepared as part of the comprehensive scheme which was filed for reference in case of an emergency.
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Hokitika Guardian, 18 May 1926, Page 2
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345BRITISH & FOREIGN NEWS Hokitika Guardian, 18 May 1926, Page 2
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