BRITISH & FOREIGN NEWS

Hokitika Guardian, 16 May 1927, Page 2

BRITISH & FOREIGN NEWS

fiBY TELEGRAPH- -PER TRESS ASSOCIATION.]

AUSTRALIAN BUTTER. LONDON, May 13,

Fairborn, lTuxliam and many Australian officials were present at the overseas farmers warehouse in Tooley Street, when judging was carried out of Australian competition butter. Major King of the Australian Dairy Control Board explained that twenty factories had submitted two cases each for competition. One case remaining in Are!bourne and one being sent to London under ordinary conditions. The judging in London and Melbourne will be simultaneous, which will show the effect of transport of various butters. The London judges, Sutherland Thompson, all analytical expert, and A. C. Ross, of New Zealand, awarded points ranging from eighty-six to ninety-five per cent. Fairbairn said lie hoped the Australian butter would soon all merit ninety-two per cent or over, enabling it to compete against the whole world.

Huxham said lie hoped to live to see Empire products more highly valued in Britain than at present, as well as a bigger stream of migrants to Australia.

Pollard, an importer, said it an ingenious competition. The results would be very valuable, though the human element entered through having two sets of judges. He paid a tribute to the methods of the Australian Control Board in London which in every wav ought to work harmoniously with the trade in London.

THE TRUNK MURDER. LONDON, Alav 14.

Scotland Yard lias learned to-night, from a domestic servant friend of Bonita, that the hitter received a telegram on Alav 4.—“1 am out; come and see me.” This corresponds with the time she left the rooms at Chelsea, when she was last seen alive.

The police believe that the murder was premeditated, in view of the fact that the trunk was purchased before her death. The first theory that the murder occurred at Brixton is not strongly supported. The police are now concentrating on locating a man who was released from gaol last week. JAPANESE CRISIS. TOKIO, ALiy 14. The depositors’ demands upon the Bank of Formosa yesterday amounted to ten millions. In five of the larger banks the deposits far exceeded the demand, but a general summing up does not encourage optimism, as it discloses no general restoration of confidence. GERAIAN SLUAIP. BERLIN. Alav 13.

The Berlin Stock Exchange to-day experienced one of its most disastrous days. There was an enormous sluqtpin share values. This has resulted nt the loss of many huge private fortunes, while the shares of the Banks and the industries have suffered severcIv.

Towards the close of the Bourse the big banks intervened, thereby causing a slight rally, but this rally did not compensate for the day’s deficit. Glauzstoff (artifiical silk) stocks dropped 150 points, and the Scliultheiss Brewery share 74 points.

Thousands of foreigners have lost heavily.

The Dyestuffs Trust lias benefited, because it foresaw the slump. Thus it sold short, and it is now re-buying its own shares cheaply.

The slump is attributed, among other cause, to the Bank of England’s action in maintaining its rate.