AMERICAN CABLE NEWS

Hokitika Guardian, 14 March 1927, Page 2

AMERICAN CABLE NEWS

I fAustralian & N.E. Cable Association.] A EI.YER LEAVES. BUENOS AYRES. .March 11. Major Sarmento Biers, the Portuguese aviator hopped off in a seaplane at Arose Coniglit from Rolania, Portuguese X'c Guinea, for Natal and Brazil, on 11 io trans-Atlantic section of his world flight, according to a Lanacion despatch. NAVAL ORDER. HAMILTON (Bermuda), Afar, 11. The cruiser Colombo stationed at Corinto for a week lias been ordered to rejoin the British North Atlantic West Indies squadron. BRISBANE LOAN. NEW YORK, March 11. An offering of seven million dollars five per cent Brisbane bonds was oversubscribed to the extent of 3.500,000 dollars, within five minutes of the opening of hooks, which closed immediately. Dennison has been authorised by cable to sign contracts for the City of Brisbane which will lie done at Boston on March 10th. It is understood the underwriters will receive two per cent.

IMMEDIATE SUCCESS NEW YORK, March 11. The offering of seven million dollars. 5 per cent Brisbane bonds were oversubscribed to the extent of 3.500,000 dollars within five minutes of the opening of the books, which closed immediately. Sir H. Denison was authorised by caiile to sign contracts for the City of Brisbane, which will tie done at Boston. It is understood that the underwriters will receive two j>er cent. NAVAL QUESTION. WASHINGTON. Alareh 12. I lie United States Government, after having received verbal acceptance of its proposals for a three-power disarmament conference, on auxiliary craft limitation, has formally invited Britain and Japan to attend. According to the official announcement of the State Department, the Conference will lie held at Geneva. The invitations were extended through -..e British and Japanese ambassadors, and they suggest a date as soon as possible after June Ist. No official communication was sent to Italy or France, which it is hoped will see their way clear to send observers. It is possible, however, an invitation to participate in this informal mannet will he forwarded later through Paris. BRITISH ADVICE TO U.S.A. NEW YORK. March 11. Sir George Pnisli. who is touring the United States, said at Seattle to-day: ■ ‘ Great countries of the world which last century overcame physical harriers to extending their markets are now raising fiscal barriers to limit them. Unless the United States and many . other countries cease telling tlieir citi-

zens where to' .sell and where not to sell, all the nations will eventually lie involved in an economic eataealvsm.” 1L? declared the solution lay in international trade reciprocation.