GENERAL CABLES

Hokitika Guardian, 27 February 1928, Page 2

GENERAL CABLES

(Australian & N.Z. Cable Association. INDUSTRY IN BRITAIN. SHIPBUILDING MORE ACTIVE. RUGBY, Feb. 23. Sir AA'iiliam Seager, in his presidential address at the annual meeting of the Chamber of Shipping of the United Kingdom, said there were signs that a revival of comparative prosperity might he expected liefore long. If the heavy industries were moving hut slowly towards prosperity, they were none the less moving, while the expansion of thirty-four new industries, involving additional employment of 874,000 people, was a most encouraging sign. An outstanding fact to-day was the. v' groat improvement in — AVhereas at the end of December, 1926, there was under construction in this country 760,000 gross tons, to-day there was 1,500,000 gross tons, and what was particularly liopeful was that foreign nations who had been good customers for ships in the past were maintaining and ever increasing their custom. ACTIVITIES OF TYREAI.VXUF ACTURERS. RUGBY, Feb. 23. Further important developments are to take place in the manufacture of rubber tyres in this country. It is learned that both the Firestone and Pirelli Companies, who have hitherto supplied tliis market from tlieii factories outside this country, are building new works here. They are preparing for a large output. There are now three firms who have taken this step since Air Winston Churchill, in his last, Budget, included tyres in the same fiscal category as nio'tor-cars and imposed on them an import duty of 33 1-3 per cent. The third firm is Messrs Goodyear, who announced last July that they were establishing a factory at Wolverhampton, where they would employ a thousand men on tyremaking. ABDUL’S HEIRS. CONSTANTINOPLE, Feb. 25. Dismally failing to secure compensation for the Turkish, Greek, Bulgarian and Serbian Governments for property allegedly belonging to the late Turkish -Sultan, Abdul Lamid princesses and princes, his joint heiis are making a filial hid to secure a verdict, and suing the British Govern ment before a British tribunal, claiming the restitution of 122 properties at Baghdad and Cyprus and oilfields at Mosul, involving millions. It is recalled that Abdul Lamid, during his thirty years reign, accumulated a fortune of eight million sterling, accruing from property throughout the Turkish Empire, chiefly by questionable methods, although he had generally a registered title thereto. Some of the claims date to the time of tlie Balkan wars.