BRITISH & FOREIGN NEWS

Hokitika Guardian, 28 September 1926, Page 2

BRITISH & FOREIGN NEWS

] Australian & N.Z. Cable Association.] PEKIN BANK FAILS. PEKING, Sept. 26. The Russo-Asiatic Bank, one of tho oldest banking institutions in China, is going into voluntary liquidation, the appointment of which the management announced to-day. No official statement would be made but notes are being refused in all parts of Shanghai and the Chinese city, causing a panic among local note holders. The Bank was brought into existence by an agreeliient between Chinese and Russian Governments during the Romanoff regime, but its affairs became involved after the overthrow of the Imperial Russian rulers. It was the official institution of the Chinese Government which was one of the largest subscribers. PARACHUTIST KILLED. /LONDON, Kept. 24. Alter seeing a demonstration of the use of parachute harness and questioning a balloon navigator and mechanic the coroner bmught in a verdict Airs Cain, who was killed in a parachute accident, was accidentally killed. Nobody was to blame. He added: “I feel strongly tliat novices should not be allowed to descend by parachutes. There is too much everlasting craving for thrills. I am glad that the Air Ministry has now forbidden descents without a permit. JAZZ PALACE. CONSTANTINOPLE, ept. 27. Abdul Palace, the Yidliz Kiosk, has been opened as a municipal casino and dancing rooms, including special s and, Charleston rooms. Hundreds of the most prominent Turkish women at-._— j tended the opening rites. W TRTAL FLIGHT. ■ .. BERLIN,• September 27. .A Three “Junker” triple-engined planes, have returned after completing a survey of routes to Peking via Afosoow and Siberia, in 'connection Yvitli the. Deutsche Lufthnnsiic projected .'inservice between London and the Far East. MIGRANTS FOR N.Z. LONDON. September 24.' } Under instructions from tho New \ Zealand High Commissioner, Mr Sand- ’ • ford. Emigration Officer, and Air IT. T. B. Drew, Publicity Officer, .made a lecture tour ,of Edinburgh. Dundee, Aberdeen, Ayr and Inverness. Last night, Afr Drew addressed 2500 at the City Hall at Glasgow. As H’e result of the lectures, there i have been numerous enquiries from intending migrants and tourists. The Ruahino is taking 400 thirdclass passengers to New Zealand, including 250 assisted migrants and 15 public schoolboys. AIISSING WELSH GIRLS. LONDON, Sept. 24. Following urgent appeals by parents, , AAolsli ministers have formed a committee in London to work in conjunction with the vigilance committees in f Males to trace numerous girls, aged from seventeen to twenty-one, believed to have been lured to London by bogus advertisements by foreigners, who are aware that there is much unemployment due to the strike. Some of these girls have disappeared. N.S.AY. LOAN FALLS FLAT.. LONDON. .Sept. 24. It is understood that there Iris been a. poor first dav response to the New South AVales loan prospectus. The -P". general expectation is that the under- ' writers will be saddled with a considerable proportion of the loan, though at their special request the list will remain open for five days. .1 he money market awaits the result with unusual interest, because it''~is the first Australian loan sought in Britain since the coal strike began. Tho New South AVales Government is getting about £94] per cent, net, after paying the underwriters and the bankers’ commission and the advertising.

Newspapers again deplore ike absence ol full particulars of the objects for which the money is intended, and also the lack of an exposition of the State’s indebtedness. The lack of a. sinkimr fund is also criticised, but j there is special criticism directed to * the neglect to inform the money jdcailers that a loan was imminent. The “Daily News” says; “The money market is annoyed to find that a surprise has been sprumr. Tlie Gov,, eminent of New South AA'ales vftis on lie horns of a dilemma, but it/would be better to inform the nwlit and' take the risk of some leakageWß the news to the public.” The paper adds :“ It is a great mistake to afford only the alisolute minimum information in the nrosneetus.” CARDINAL’S CRTTICISAL LONDON. Sept. 26. That tendencies hostile to Catholicity were working in the League of Nations. was the fear expressed by Cardinal Bourne (Catholic Primate of EngJand), in a speech at the National Catholic Congress in Manchester. "'■-pr’ Cardinal Bourne said lint lie would not care to say that these tendencies had an influence upon the mind of* any British representative, “But,” he added, “they are there, and it is only by the Catholics throughout the Empire entering into the work of the League of Nations that such hostile influence can be counteracted and overcome.” __ Cardinal Bourne said he the departure from the League of BriJ® zil and Spain was a distinct menajMi&gjjft to the League’s independence. '