GENERAL CABLES

Hokitika Guardian, 15 December 1927, Page 3

GENERAL CABLES

Australian & N.Z. Cable Association.)

X.S.V. LOAN. (Received tlfU day at 11.0 a.m.) LOXDOX, Dee. 14. I| is understood that seven millions of the Xew South Wales loan has been underwritten live and a quarter per cent, at ninety-nine and li-half. LOXDOX. Dee. 14. The Xl‘w South Wales loan surprised the market as it was thought the issue of treasury hills on Ist December would have filled the requirements till the Xew Year. The new issue is paripas.su with the existing ~)\ per cent loan. The first interest payment is £2 on I 7/28. The prospectus states the loan is being raised for construction ol railways and public works, three million treasury temporary advances, borrowed in London will he repaid from the proceeds. The Joan was favourably received on the Stock Exchange, which is specially pleased bv the statement that the whole of the sinking funds will be applied to the purchase ol Xew South Wales and other Australian Government- securities on the London market.

GERMAN POPULATION. (Received this day at 10.15 a.m.l LONDON, Dee. .14. The “Daily Mail” Berlin eor respondent says the German race is dwindling, as the deduction to be made from the school returns »t Uio city which show 353,001) pupils compared with 700,C00 before the war. Olid-burgomaster estimates the I 'Ob rate has been halved, principally due to the housing shortage. Doctor Alfred Grotjalm contend* there must bo twenty births per ihousand to maintain the population. Prior to 1885 there were 37 to 40 ami 40 in the chief cities. There are now H.2 and in Berlin 10 per 1000.

OBITUARY. LONDON, Bee. 14. Obituary—Lieut. General Sir Edwin AUlersoii, who lias served with the » tisl, Mounted Infantry in the Egyptian War and South African Mar, and m the European War, in which lie commanded the 1-st. Canadian Division and after wards the Canadian Army Corps. He was also the author of several military works. floating petrol danger. LONDON, Doc. 14. The strictest precautions are being maintained to prevent combustion of the Seminole’s petrol, which is eiidan.reriiig the whole of the Liverp ol lauding stage. The tide is going out dispelling the petrol, but the docks are reeking and still in danger. Fire fighters were on duty throughout the night. The captain, chief officer and the pilot of the Seminole are remaining aboard and lifeboats arc standing by. The position is unchanged. , , The troopship California has been safclv docked.

IN THE COMMONS. (Received this dav at 11.0 a.m.) LONDON, Dec. 14. In the Commons, asked whether Britain had prepared a scheme lor naval disarmament to submit at the forthcoming Preparatory Commission Disarmament at Geneva. Air l.ockerLnmpsan replied that it must "ait till the Commission meets. He imagined there was a scheme but it is impossible at present to state what proposals would be made at Geneva. Air Bridgeman in answer to a question said lie did not think the new American naval programme gave grounds for departing from the decision to reduce the British cruiser pro-

gramme. Air Baldwin informed a questioner that the Government was considering tlie question of making pliosphatiu rock from Nauru. Ocean Island, availaide to British manufactures under the phosphate agreement of 192.). Harry Bay has given notice of a question in the Commons to Air Baldwin as Vice-Chancellor of Cambridge, asking as the University cannot control members away from Cambridge to leave such disgraceful conduct to the civil authorities.

THE STUDENTS’ RAG. LONDON, Dec. 14. The wild disorders of the undergraduates have caused the strongest indignation and theirs is generail.v agreed to have been the worst exhibition of larrikinism in the West End. The newspapers are unsparing in castigation and variously style the participants as “toughs,” “hooligans. ’ “cads.” Several appeared in po'ice courts and the highest fine, £.') imposed. It is reported the actual damage amounted to hundreds sterling. The theatrical managers have resolved to, take the strongest action to prevent a repetition.