BRITISH & FOREIGN NEWS

Hokitika Guardian, 23 September 1926, Page 2

BRITISH & FOREIGN NEWS

[Australian & N.Z. Cable Association.) 5. I NEW WIRELESS. - PARIS,* Sept, 21. The French Post Office is experimenting with a new applid.ition of wireless to. the Baudot system between Boi'- , deaux and Madagascar. It is claimed to be fifteen times as fast as the prel_ sent wireless transmission, and without any dierifice of security or secrecy. Messages are automatically transmit-- <, J ted and printed at the receiving end. Tho inventors assert that tho device 6 will render undersea cables obsolete and considerably reduce rates. GERMAN PAPER IN PARIS. * LONDON, September 21. ] Further evidence of improved Fran-co-German relations is given by the appearance on Paris boulevards of tho first German newspaper published in Paris since the war. It is called “ Die Pariser Dutsche Zeitung,” and is a _ continuation of the pre-war “Pariser . Zeitung.” ' BANKRUPT ACTOR. LONDON. Septebmer 21. o Mr Oscar Asche, the actor, in ttha; . public examination at tlie - London , Bankruptcy Court, said that his liabilities were £41.311. and the deficiency was £27,018. He said that the royalI ties of “Kismet” totalled £30,000. He r had also earned royalties and salary between Iplfi and 1924 totalling at , least £14.000. Of this amount, the , sum of £120,000 had, been derived from b “ Cliu Chin Chow.” He had a salary t of £l5O per welt from n.e musical , play “Cairo.”* It was a success, but A ; it was withdrawn while he (Asche) j toured*Australia. He was now claim- ? ing £IO,OOO from an Australian Com--5 panv in connection with tluit tour. No part of the £140,000 had been spent by him upon assets of a permanent nature. All of it. he said, had vanished in professional entertainments, e travelling and maintenance expenses, s He denied personal extravagances-. He attributed his insolvency to_ his inability to obtain a share of the profits of his Australian tour, and to his failure to obtain royalties from America. Continuing his evidence, Asche stated that the breeding, training and. ] running of his greyhounds between 1914 and 1922 had entailed a dead loss of £45,000. Questioned as to whether lie had betted at race meetings, Asche said V that Ihe had not lost money at betting s during the last few years. . The official receiver pointed out that II there was a. large claim in respect of income tax and supertax. This would ■ 11 wipe out all the assets. Asche replied that he bad always - paid tax on demand. STOCK EXCHANGE BETS. LONDON, September 21. The latest effect of the betting tax . I regulations demanding the registration - of all bookmakers is a Stock Exchange - order prohibiting any member or clerk - from conducting betting within the - House. Thirty members of the Stock ' Exchange are affected. These have 1 previously lived entirely by openly con- ■ ducting bookmaking on the floor of the 1 Stock Exchange, alongside the tape I machines, taking hundreds of bets daily, and making a good living from ‘ them. Most of these members are at present registered as “jobbers” or ■ members. Most-of the bets taken were modest, £SO being probably the largest; but there was no fear of bad debts. Enormous sums were, exchanged i on the biggest race days. j A few other members of the Stock Evchange have also made books as a side line to their other business. CONSUMER’S WHEAT POOL. ’ LONDON, Sept. 21. •' It was announced at tho Co-opera-tive Wholesale Society’s meeting that last year’s wheat pool experiment, un- jA dor which 15,000,000 bushels were' 4 ® 1 bandied and financed, would lie repeated in tlio coming winter. Sir Thomas Allen and two other directors will leave shortly for Australia and New Zealand. ROYAL BETROTHAL. BRUSSELS, Sept. 21. King Albert in announcing his sen’s betrothal to tho Swedish Princess said:—“The bride-elect is a girl of great culture and simplicity, who has l>een brought up in a countoy very similar to our .own. She shot Id quickly fall into our ways. Tho Pryice and tho Princess have met often'in the pas* six months. There is a mutual choice, quite independent of State considerations. Their own hearts have sot the seal on their destiny. The wedding will be ceebrated s in Brussels as soon as possible.” THREE MILE RECORD. VIENNA, September 22. Nurmi established a new world’s re- —• cord of three English miles in *l*l minutes 7 2-5 seconds. MILLIONS OFFER REFUSED BRUSSELS. September 22. The newspaper “ People ” understands the Gd vern meut discussed Lewenstcin’s ten millions sterling loan offer and decided upon its rejection, on the ground that it is not adaptable the Government’s plan for the rehabilitation of the finances.