GENERAL CABLES

Hokitika Guardian, 7 March 1928, Page 3

GENERAL CABLES

(Australian Press Association & Sun. BRITISH FINANCE. (Received this day at J 1.0 a in.) LONDON, March 6. Hon. W , Churchill obtains a budget windfall of 1957,000 in the unexpected balance of last year’s Navy grant, of which Singapore Base absorbed 175,000 less than provided. The total outlay on the base, at 22nd .March was 1310,000 out of a tot tl of 0414,(XX). Tlie Auditor-General drew attention to the arrangement to keep armament paints in commission during the slump in Admiralty orders by the addition to normal prices covering the dead charges on plant not fully utilised, it is estimated the amount of 190,000 yearly reducible according to additional Admiralty orders or private work, also r< veals the Admiralty, during the com strike, released to two private firms a huge quantity of oil fuel, which was replaced plus interest at one per cent in kind. MOROCCAN IN Cl DENT. RABAT, March 6. flic Aitwadrim tribe, numbering 12,000, submitted unconditionally to Hie French, enabling them to enter into that part of Morocco hitherto closed to European influence, GERMANY AND BRITAIN. BERLIN. March C. Curtiss announced in the Reichstag that Germany was cancelling the tratio agreement with Britain with the object of renewing it on a. different basis.

INCOME TAX CLAIM. LONDON, March 6. Sir William Mills, patentee of til Mills bomb, lost an appeal against th Income Tax Commissioner, who chargei a. supertax on 127,750 sterling whiel he received from the Government fo the use of the bomb, of which it wm revealed 75,131,962 were made in wartime. Counsel explained .Mills improved the Roland bomb, a Belgian invention. The Inventors Awards Commission awarded 137,000 for the bomb, ol which 19,250 was paid to Belgians. .Mills contended the award was a lump sum for the acquisition of rights. Income Tax Commissioners argued that although the award referred to future use the possibility thereof was so remote that the sum could be regarded in respect to past use. The Judge held the reference to future use was only inserted to prevent a further claim. Ho added that the award was given in respect to something worth compensation and therefore it was taxable. HEDGES CASE SENTENCES. LONDON, March 6. James McCallan and Frederick Arlold, in connection with the Hedges rase, cabled on 14th February, were sentenced” to six months imprisonnonfc and ,150 fine. The defence urg■d it was a clumsy attempt at a ioax while under the influence of iquor.