AMERICAN CABLE NEWS

Hokitika Guardian, 7 January 1928, Page 2

AMERICAN CABLE NEWS

'Australian & N.Z. Cable Association.) ) _ 1 A AMERICAN DEBTS. AVASHINGTON, Jan. 5. The continued publication of stories to the effect that the United States Government is becoming more sympathetic to a programme which would < ouplc hi reduction of German reparations with a readjustment downwards I of wartime debts owed to the United States, finally brought details to-day from the State and Treasury Departments. ’ The United States is not considering participation, as reported, in an international economic conference at which reparations and war debts would be considered. The United States Government does not anticipate at this time any developments in connection with German reparations revision, which would involve the United States in a great international operation of any kind. The Department of Commerce announces that American investments abroad reached a total of thirteen thousand million dollars at the end of 1927, exclusive of about ten thousand million dollars of war time debts. Foreign issues publicly offered in the United States during 1927 totalled approximatelv 1.575,000.000 dollars. It *4 is the fifth time that flotations for any year have passed the billion dollars mark, other instances being 1910, 1921, 1925. and 1920. HICKAIAN’S PLEA. ■+ LOS ANGELES. Jan. 5. ' Hickman pleaded not guilty by reason of insanity to tbe indictment charging him with complicity in the mur-, der of Ivy Thoms, a suburban druggist. The plea Ik,'re an admission of guilt making the state of his mentality tho sole issue. AUSTRALIAN TRADE TREATY. OTTAAVA. Jan. f. The Australian trade treaty will he discussed at the forthcoming session of Parliament. For some time there have been rum-* ours of negotiations for a revision of the treaty which has been attacked by certain agricultural interests in Canada.