GENERAL CABLES

Hokitika Guardian, 24 February 1928, Page 2

GENERAL CABLES

(Australian & N.Z. Cable Association. ATLANTIO TELEPHONE. RUGBY, Feb. 21. ’ The Postmaster-General foreshadowed a reduction in the rates of the trans-Atlantic telephone service in a speech made in London this afternoon. He said that a cheap service was not yet possible but lie hoped that it might lie found possible to reduce the rate in the near future. artificial silk. RUGBY, Feh. 21. Replying to questions in the House of Commons, Sir Phillip Cunliffo-Lis-ter, president of the Board of Trade, stated that stockings of artificial silk, or of which the chief values were artificial silk-, were imported last Jimnary to the extent of £41.909. British exports of those articles in the same month were valued at £53.089 and reexports at £3,186. RUBBER INDUSTRY. RUGBY, Fell. 21. Sir Philip Cunliffe-Lister. President of the Board of Trade, in the House of Commons, said that lie had no information of the amount of British capital invested in the rubber plantation industry, hut. according to figures published. the amount of new capital raised on the London market by rubber companies in the years 1922 to 192< inclusive was £25,500.000. J A PA X ESE ELECTIONS. TOKYO, Fell. 23. The elections resulted in practically a tie between the two main parties. A Ministerial crisis is almost a certainty, in the meantime both parties are trying to gain the support of the Independent Labourites. The elections passed quietly, though they evoked great popular interest. AGATXST COMMUNISTS. HONG KONG, Feh. 22. Drastic an.ti-Communi.st action is being taken by the authorities at Koitgnmoii, in consequence of revelations of a plot to effect a coup. All Labour Guilds have been dissolved and the premises raided and everything confiscated. There have boeu many arrests and reported executions. The leaders are fleeing to Hong Kong. STOCK GAMBLE. LONDON, Fob. 23. Wild excitement prevailed at the Stock Exchange, after the announcement that Courtaulds Ltd. artificial silk manufacturers vjbre paying a share bonus of 100 per cent, in addition to a dividend of 25 per cent. ' Last night’s official closing price was 153 s 9d. Long lie fore the exchange opened to-dav scores of brokers start- ' oil dealing and rapidly, rushed the price to £9, which means Hi at the market value of ordinary shares appreciated fifteen millions sterling in ten minutes. When the exchange opened the price relapsed on Hie profit takings, and closed at about- 163 s 9d. * The excitement spread to all artificial silk shares, which fluctuated rapidly. GREYHOUND RACING. LONDON. Fob. 21. Sir Jovnson Hicks said that though ’ he had received many resolutions of 1 protest against greyhound racing, he ' would welcome the Commons’ opinion on the subject. hut did not pio- : pose a general inquiry into the matj tor. BRITISH COMPANIES BILL. LONDON. Feh. 21. Sic P. Cii.nlifife Lister moved the so- ’ conil reading of the Companies Bill. » 1 similar measure to which the Lords ‘ passed last, week. H is not proposed ' to put the measure into operation until the Consolidation Bill has passed, except the clause dealing with share pushing. ’ The Bill was read a second time. ' UNCLAIMED ARMS DESTROYED. I LONDON, Feh. 23. A message from Budapest states that the machine guns seized at Saint p Gothard. were destroyed under the s supervision of a local magistrate, and v experts including an engineer from r an Austrian army factory. , The Daily Telegraph diplomatic correspondent expresses the opinion that I' the action will intensify the suspicions of the Little Entente and coinplie cate matters when discussed by the e League Council. , s JAPANESE ELECTIONS. ”, TOKYO, Feb. 22. <. The election returns show that the „ Minseito Party gained 218 seats, Seiyuktii 215, Labour eight, and other o parties twenty-two. The official figures are not yet published. BENEFIT of N.Z. TARIFF. LONDON. Feh. 22. 0 Mr Beale, trade Coniinssioner in n New Zealand says he has received e many evidences of the benefits of New •_ Zealand’s new tariffs. His visit to the f .Ti.lusti'ios Fair convinced him that f British trade was far in advance of ;t other countries regarding quality. Ho . was also struck by the moderate I prices. s VICAR GRANTED LEAVE. ,[ (Received this day at 8 a.m.) f LONDON. Feh. 23. „ The vicar of St. Cuthbert’s'* was „ granted trimester leave of absence fol- |. lowing a conference of the parties to .. the controversy convened by Bishop u Blackburn. Pending a temporary appointment the church lias been closed.