GENERAL CABLES.

Hokitika Guardian, 24 December 1927, Page 3

GENERAL CABLES.

Telegraph—Per Press Association

ATHLETIC KEENNESS. BERLIN, Dec. 22

Indications of the thoroughness with which Germany intends competing at Olympia were exemplified in the ease of the water polo trials, the strenuousness of which has never previously been approached. The selected team are training together until Olympia. NEW SOVIET BGILDING. GENEVA, Dec. 22. The sub-committee, of which Sir Hilton Young is a member, adopted the new League building plans submitted by the architects. Meant, of Paris, ami Feleiigenheiiner, of Geneva. It stipulated the final plans must be drawn up in < ollalioratiou with the Architects Broggf, of Borne. Lefebre. ol Paris, and lingo, of Budapest. The estimated cost of the building is three-quarters of a million sterling.

LONDON, Dec. 22. At Marconis annual meeting. Lord Invcrforth presided. Lord Invertorth in moving the adoption of the annual report, said probably the best tonic lor .Marconi the knowledge that beam had come into its own. It had completely changed the whole aspect of world telegraphy. Alluding to the six-penny dividend, he said they realised it was a small return, hut do not feel that a larger one is justified. Referring to telephony he said the technical stall was constructing a special telephone apparatus and preparing for beam telephone trials on a commercial scale. The results thus far were distinctly encouraging, lie hoped before long it would he possible for efficient commercial telephony between England and the Dominions. A great deal had been said of wireless versus cable, which was treated as if it were exclusively a question of strategic safety. While it was of great importance to see the Empire provided with the best communication in the event of war, it was no less important for merchants and business men to have a system of the cheapest and most reliable facilities for the rapid exchange of business, press and social messages. Nothing must he done to remove this advantage, provided the beam is able to carry trade telegrams more cheaply than any other system.

There were 1.02o.0.j(! voted for the adopt ion of the report and do, 137 against.

LOAN FOR. ITALY. LONDON, Dec. 22. Tho Banca IV Italia’s London correspondent, in a statement on the result of conversations at the Bank of England with participation of the Governor of Federal Reserve Bank. New York, says arrangements were concluded for a Central Bank credit of 7o million dollars or equivalent to tho Banca, TV Italia, in token of the solidarity of the Central Banks, on establishing Italian currency on a gold exchange standard basis. The operations concluded in London confirm and strengthen the principle of co-operation of Central Banks for reconstruction of a monetary basis is essential to development of economic relations of the countries and people. J. P. Morgan and the Italian Government’s fiscal agents in London, .Morgan Grenfell Cov., Baring Brothers. Ham Bros Bank, and Rothschild have arranged a credit in dollars and sterling. The total sum is equivalent to AO millions sterling for the same object.

DAIRY PRODUCE. LONDON. Dec. 22. Butler is quiet. Choicest salted New Zealand I AGs to 1 fiOs, exceptionally 102 s, Australian lAls to lA6s. unsalted New Zealand l(!8s to 1725, Australian lfifis to I (Ms. Danish 170 sto 178 s. Cheese is quiet. New Zealand 88s to (11s. CLUBS’ SHAKES SLUMP. LONDON. Dec. 22 Sir \Y Joynson Hicks’s warning bi-t uaht had a striking effect on the greyhound racing clubs’ shares, which slumped heavily in London and in Hie provinces, some to the extent of 3d per cent. Inquiries in the Commons lobbies show that large numbers are dissatisfied with the position eiented by the phenomenal development of dog racing. hut feel that general prohibition would lie useless and likely to create a reaction in favour ol flie, spors.

Sir Joynson flicks in 1028 will introduce a Bill dealing generally with juvenile delinquency, including powers to -top children betting at greyhound meetings. The legality of any hefting on dog races is expected to ho tested slioillv in the Law Com ts. * AVAR RESTORATION '.YORK PARIS, Dec. 22. II was announced in the Senate that 3,800,Wi0 claims in the devastated areas have been settled, 8C0,f)t)0 remaining. The population is now l.fii(j,()i:d, complied with 2.lbo.0(10 at the time of the Armistice, and t.• 00,000 before tin* AYar. i Public buildings rebuilt- number 12,230. while 7000 schools have almost entirelv been re-established. Communicalion lias improved compared wi:.h the* pew-war condition. , ,11)0,000 ae-tes of '.hell til lee 1 land are now being cultivated. Restoration will he completed in 1920.

CASTER DESTROYED. LONDON. Dec. 22. ‘•Tim Timex's'’ AA'arsaw c-orrospond-ont says that the lire in Dzikow Castle started at midnight in the residence of Count Tarnowsky, who was absent Tim .'lames speedily involved the whole building The intense cold pi evented the us,7 of water. The occupants organised the rescue of the nonagenarian mother of the Count, and also ol an art collection, and leiies relating t" I’niish-A'istriau history. Alfred Frevr. the Polish running champion, tailing a prominent part. The second floor crashed. killing ciirlit persons including Freer, a 1-1-veTir-olud girl and two schoolgirls Seven others were injured, one ot whom died.

AIRMEN ARRESTED. PARIS. "Dec. 22. Colonel Antoniat and his companion wore arrested in Adelia for allegedly (lying over Turkish territory without permission. COMMERCIAL. LONDON. Dee. 22 No new gold coins were minted in Britain hi 1920. The States Mint Controllers annual report the branches in Australia an.l South Africa addon 14! millions new Imperial gold. IRISH STATESMEN ON TOUR. LONDON, Dee. 23. Air Cosgrave accompanied by A 1 blisters Fitzgerald, (ihegarty and AValsli -ail for America on January llt.i. Tiiev will visit New York, Chicago. Washington Philadelphia and Boston u-turning on February -Ith. paper changes hand. LONDON, Dev. 2:L William Berry, Coe, Berry and Edward Hi lie bought the ‘Loudon Dai v Telegraph” as from January 9th. Ihe new proprietors announce they are acquiring a joint personal ownership and will not change the political policy. An early transfer is fixed m view of Lord Burnham's departure for India with the Indian Statutory Commission.