AMERICAN NEWS

Hokitika Guardian, 7 February 1928, Page 3

AMERICAN NEWS

(Australian & N.Z. Cable Association.)

EFFECT OF LAND BOOM. (Received this day at 12.25 p.m.) NEW YORK, Feb. (3. News from Miami states that three local banks failed to open for business to-du,v, ostensibly because ol runs due to the circulation of an anonymous letter declaring one of tlic banks to be weak, but it is believed this ianother evidence of the continuous deflation line to the Florida bind boom. LIQUOR FOR. U.S.A. WASHINGTON, Feb. (>. , The vast dimensions of the liquor traffic across the Canadian border.was revealed with the publication of the minutes of the Customs Conference here last August. One Canadian House is said to have made five million dollars in a- year. There are fifty such organisations near Detroit. In the first five months of 192 1 . Canada exported 6,236,121) dbllars worth of liquor marked for the Fnited States.

AMERICAN NAVAL AFFAIRS. (Received this day at 12.25 p.m.) OTTAWA, Feb. 6. Af Kellogg, in an interview, reiterated the United States offer to negotiate treaties to outlaw the submarine which he described as a “barbarous ’ method of warfare. He declared the United States would offer such treaties ns fast as the arbitration treaties became non-effective or expired. Air Kellogg declined to discuss the United States Naval Programme, and expressed surprise at the hostile attitude of Fmnee towards the submarine suggestion. He said : “No discourtesy was intended in my letter to whicli France takes exception.” jje announced the United States was

willing to sign a treaty abolishing the submarines if the other AN orld P-eis would take that step. WASHINGTON. K‘b. 0. Commander C. Burney, of the British House of Commons Naval Committee attended a session ot the 0,1 0 Naval Committee. Chairman Buth. laid:—“l 1,0 " |U k ‘ im ’ tlu ’' purpose of the Committee is to lm.ld S ‘Mr Groseup. giving evidence before the Senate Commerce Committee, a - kneed the Shipping Board would cause a 'monopoly of the Pacific Coas Shupine l,v its proposed manner of deali„g"witl, the sale of the Pacific hues. A resolution suggesting the Pi evident. reopen negotiations between the United States and the membership of the World Court was introduced hy Senator Oillett and laid on the table for future consideration. Air Gillett stated he believes President Cool id go favours further negotiations.