BRITISH AND FOREIGN NEWS

Hokitika Guardian, 25 May 1927, Page 3

BRITISH AND FOREIGN NEWS

[Australia & N.Z. Cable Association.J

BRITISH RUSSIAN LOSSES

(Received this day at 10.20 a.m.) LONDON, May 21. The following figures are British investors’ losses in Russia, due to the Soviet’s confiscation of property and failure to meet obligations, according to .Mr Tweed (Chairman" of the British Creditors’ Association). It consists of property, ClHft.ftftft.tMKl, hinds in sterling, £ 111,000,000; in louliles, :?3ft.ot)ft.ft;:ft; miscellaneous, £ ID,01)0.(.09. Britain’s industrial and commercial investments in January 1017. totnllvd £lo.i on,ooo and the war debt, apart from private losses, amounts to £ 103.000,000. Ihe loss on interest alone exceeds £30.0'H.003 vearlv.

British owners of Russian properly have been seeing products sold heie without redress, under the Angio-Rtt-shin Trade Agreement. There is a strong commercial parly in Russia, more numerous than the political side, wishing trade should normally pay’private debts, to compensate foreigners lor confiscated profim ty, hut terrorised by the political side. The action by Britain curtailing activities of Arens will encourage the sober elements.

("A BI.KB VALUE. (Received this day at 10.11 a.m.i LONDON. .May 21. I he eo-nperation nt submarine cables ami wireless, as a basis fur future world-wide <• mini mi ica t ions, was the prospect Sir John Decision Render held out, at the meeting of the Eu-iorii Telegraph Company. He said there is no eau-e to alter the opinion tliat cables remain more reliable than wireless. lie pointed nut that wool never xtippkiiiled cotton, hill when inter-woven created a new world-wide demand. Similarly, steel is a newer produce than concrete, and in a combined form benefit fed the universe.

"I bus some form of co-operation of wireless and cables would eliminate wasteful, tinromimernlive expenditure, and at the, same time provide a dual alternative means of communication, lie was confident that given ‘a fair field unrestricted development in the cable industry would continue to prove the best and most reliable means of communication.

umpire DAY. (Received this day at 0.30 a.m.) LONDON, May 21. Fmpire Day celebrations wore observed throughout the country, school children marching past and saluting the Fnion Jack. The British Empire Union distributed two hundred thousand miniature I nioii Jacks for buttonholes, ten thousand large Union Jacks for Hying, and twenty thousand Umpire Dav medals. Many shops were gaily decorated with Dominion Hags and special displas of Empire foods.

TRUNK MURDER. LONDON. May 24

When Robinson was charged with the murder of Bonati, Inspector Cornish gave evidence that Robinson made a statement:—“l met Bonati at Victoria Station and took her to my olliee. After I had done it, 1 cut her ii]!.’’ Bobinson took witness to Clapham Common and pointed out a May tree under which a large knife was found. lie was remanded for eight days.