BRITISH & FOREIGN NEWS

Hokitika Guardian, 18 June 1926, Page 3

BRITISH & FOREIGN NEWS

[Australian & N.Z. Cable Association.]

CONFIDENCE IN LOUD OXFORD. (Received tins day at 12.2 d p.m.) LONDON, Juno 17. A resolution of confidence in Lord Oxford was unanimously carried at a meeting of the National Liberal Federation at Weston Supermarc, where the supporters of Oxford and Lloyd George mingled on tho platform. Th? Federation, by a largo majority declined to consider amendments suggesting in view of the differences ii was advisable that a now neutral leader should be elected. FRENCH FRANC. LONDON. .Tune 17. There is considerable improvement in the French franc in London this morning, it being quoted at 167:1, presumably as a result of the partial solution of the political crisis. APPEAL AT,LOWED. LONDON, June 17. The Privy Council allowed Bissett’s appeal against Wilkinson of A.'W Zealand. JCUCH A HIST CONFERENCE. (Received this day at 12.2 d p.m.) NEW YORK. June 17. Cardinal Mundelein was met by nine Cardinals on • his arrival from New York for the Euehrastie Congress. A huge crowd gathered at tho station to whom the papal delegate, Cardinal Bonznno, bowed graciously from the observation platform. The arrival was greeted with steam whistles from the railroad yards, 'horns from lakeboats and chimes from all Catholic Churches. Cardinal Mundelein embraced Cardinal Jloimno and extended a welcome in the name of the Church, city and friendship. Congress will not be opened officially until tho 20th, but the festivities are now informally inaugurated. Jt is expected the pilgrims will pay reverence to the Blessed Sacrament of Eucharist before they are ended.

RECORD STOCK EXCHANGE BUYING. NEW YORK .June 17. The Stock Exchange witnessed another rush of buying led by United States steel which sold at the highest price in its history 139 J-. Sales were so heavy during flic first hour that the tickers were eight minutes behind. The market trading lightened but little throughout the day. Experts state the underlying issue is the rocent optimistic trade reports coupled with predictions by financial business leaders of healthy prosperity ahead. A new record for a seat in the Stock Exchange was obtained when a membership was sold for 155,000 dollars.

SOVIET GOLD. LONDON, June 17

In the Commons Mr Locker Lampson asked whether the Government were considering the advisability of withdrawing reeogniton of the Soviet Government in view of tlie offer of money from Moscow for the general strike.

Sir Joynson Hicks, replied that Government having protested in the most formal manner to the Soviet. Government, did not propose at present to take the steps indicated by Air Locker Lampson. Government was equally, indisposed to forbid socalled charity gifts in connection with industrial disputes, but was carefully watching further action of the Soviet Government and affiliated organisations. It -would not hesitate ta act if a change of policy were necessary. Ho declared his Majesty’s Government was satisfied the Soviet Government and Communist and Trade Union organisations are under a single controlling authority. He mentioned that £380,000 was altogether contributed from {Russia to the Council of Trade Unions in connection with the miners dispute. The disettssipn developed during which in reply to Mr MacDonald and others Sir Joynson Hicks said the Government would arrange for a discussion of the widest possible character of Anglo-ltussian relations.