GENERAL CABLES.

Hokitika Guardian, 25 January 1928, Page 3

GENERAL CABLES.

By Telegraph—Press Assn., Copyright i THE DOLLAR STANDARD. (Received this day at 11.5 a.in.) LONDON, Jan. 21. “ The conclusion is forced on ns tliai in a very real sense the world is on a dollar standard.” declared Sir Kcgionld -McKenna, at the Midland Rank meeting. He added: ‘‘America is able tt, control the world price level, firstly, because she can afford to lose large quantities of her huge gold stocks without risk of the reserve falling below the legal minimum ; secondly, with her great wealth and her central hanking system, she can’ absorb large quantities, at the same time depriving it ol the credit of creating powers. This will continue as long as the existing remain. United States has ■shown that while gold may he retained as a medium for international payments, it can be deprived of its I unction as the ultimate standard of value.” LABOUR VIEWS. LONDON, Jan. 25. Citrine, on behalf of the Trades ' Union Council, contends the unions did not give the Council power to participate in industrial peace conferences. He says the Edinburgh Congress invested the General Council with the requisite authority to seek a basis on agreed principles.

SOUTH AUSTRALIAN LOAN. LONDON, Jan. 21. Tt is understood the underwri in ' of a South Australian two and a hall million loan at ninety-eight is imminent.

SI 11PBUILDJ NO R KTU R NS. LONDON. Jan. 21. Lloyds Register in an annual summary of shipbuilding for 1927 shows 2,285.000 tons were launched throughout the world, of which 1,225.000 were in Great Britain and Ireland, 289.000 in Germany, 197,000 in United States and 119,000 in Holland. The tonnage launched in Great Britain and Ireland increased by 580.009 lons compared with 1920, hut the world total decreased by 4.860,000 tons compared with the record year of 1919. The world total includes nineteen vessel each over ten thousand tons and of these nine arc over fifteen thousand tons each; 336 will bo fitted with steam turbines and 864 with internal combustion engines. '1 he total steam tonnage launched in_ all _parts of the world, namely, 1.375,000 includes 470,000 fitted to hmu oil fuel, and so that- out of a total of world tonnage launched in 1927 only 965,000 is exclusively dependent on coal for propulsion. The tonnage under construction throughout at the end of the year was 3,119,000, mi increase of 1,186,000. compared with the beginning of the year. Of the total 820.090 are in Great Britain and Ireland. 'Cli© world tonnage afloat in Juno, 1927. as 59.088,000. compared with 42,514,000 in June 1914. It is noteworthy tankers increased from 14j9 to 5916, motor ships from 234 to 4271, and steamers fitted for oil fuel irom 1310 to 18,500.

FUNERAL OBSEQUIES. (Received this day at 11.0 a.m.) LONDON, Jan. 24. To a salute of nineteen minute guns with every flag half-masted. Admiral De Robeek was impressively buried at Bemridge, Isle of Wight. The pallbearers were, Admirals Jellicoe, Mad-Gough-Cal tliorpc, Browning, ’ Generals Braithwaito, Milne * ai.rHalliday. The minesweeper, Kntcrham, escorted by destroyers, conveyed the Union Jack covered coffin on which rested the Admiral’s cocked hat and sword, from Portsmouth, where streets lined with mourners including General Tun Hamilton and De Rolieck’s veterans. Admiral Sir Arthur Levedon represented the King and all branches of the service were present.

SWIMMER. FAILS. TANGIER, Jan. 24. Miss Gleitze gave up the final attempt to swim Gibraltar Straits after five hours, when she narrowly escaped drowning. She was dragged under, despite frantic struggles, hut was rescued by a boat. INSUI4ANC’E STANDPOINT. ROME, Jan. 24. The President of the National Assurance Institute announced that an experienced air pilot is equally safe from an insurance standpoint as an ordinary citizen carrying out everyday duties. COMMUNISTS ON TRIAL (Received this day at 11.0 a.m.) RIGA, Jan. 24. The trial has concluded of twentynine Latvian communists charged with attempting to overflow Jthe present regime and establish a Communist dictatorship. Five were sentenced to penal servitude for five years, fifteen were sentenced from two to four years imprisonment and the remainder "ere acquitted.

WOOL SALES. LONDON, Jan. 24. At the wool sales 10300 halos wero sold of which 0809 were Australian and 1042 New Zealand. A large offering of merinos, suitable to all sections, met with good general competition at full rates. An average selection or cross-breds were firm. Prices: N.Z. Paniknu 225 dto 20d; Jlauini 2Gd to 23d; Waiau 22 5 d to 20d. T.U.C. DECISION. LONDON, Jan. 24. The T.U.C. General Council decided to continue the discussion with representatives of a group of employers through a committee consisting of Turner, Thomas, Bovin. Citrine, Pugh, Thorne and Richards who are drill ting an interim report for the executives of officiated unions. REPRIEVE REF V SET). LONDON. Jan. 24. Sir A. Chamberlain refused to repafeve Rowlands and Driscoll.

WITCH DOCTORS. INFLUENCE IN SUDAN. RUGBY, Jan. 20. Xuer Country, South Sudan, two British patrols of British and Sudanese troops, including a number of aeropanes, are engaged in an arduous operation. The object of the patrol is to apprehend the tribesmen, who last month murdered Captain Fergusson. District Commissioner of the Sudan and who have retreated to their islands amid vast swamps. Efforts are being made to explain to these primitive natives that only individuals concerned in the murder will be, punished and not all the tribe. Other inhabitants in the province where the Nuers dwell have remained loyal. A second patrol is engaged in the i area between the Nile and the Sobat River in dealing with disturbances stirred up by witch doctors, who have conspired to impede road making and other progressive measures. The. trouble has been overcome in most areas and the followers of two of the witch doctors,. Dtvek and Pok, who pre Still ajt large, are dwindling.