AMERICAN CABLE NEWS

Hokitika Guardian, 21 July 1927, Page 2

AMERICAN CABLE NEWS

(Australian & N.Z. Cable Association.) A COMING FLIGHT. OTTAWA. July 19. Captains W. R. Alaxwell and I. B. Tally, of the Ontario Air Service, have been chosen to make a flight, a lew weeks’ lienee, from Loudon (Ontario) to London (England). CHINA’S FISCAL RIGHTS. HONOLULU- July 19. The British and American members of the Pacific. Relations institute hold a round-table discussion on Chinese affairs, and expressed confidence that their Governments would recognise China’s right to tariff autonomy when a National Government had been established at Peking, and the I-ikin had been abolished. AL AYhyte said Britain was eager to help China and co-operate in the solution of the tariff issue.

IMPERIALISM AND ECONOMICSHONOLULU, July 19. Lionel Curtis, Honorary Secretary of the British Institute of International Affairs, has presented a paper to the Institute of Pacific Relations, discussing British ideals and aspirations. It stated that the world owed to England the principle of the Commonwealth. The principle he defined as the ‘‘Sermon of the (Mount reduced to political terms, namely, a society organised on the theory that the duty which each member owes to the rest is beyond measure.” Airs Catt. in an address, said: The making of money has become a substitute for war-instincts in the United States. She declared that powerful groups in America were economic imperialists.

BIG BANK MERGER. NEAV YORK. July 19.

Another huge bank merger, which combines three institutions, with total resources of 276 millions of dollars, is announced. The Manufacturers’ Trust Company are absorbing the Standard Bank and the Commonwealth Bank, in this citv.