MISCELLANEOUS.

Hokitika Guardian, 24 March 1928, Page 4

MISCELLANEOUS.

(Australian & N.Z. Cable Association.) LEAGUK CONFERENCE (Received this day at 111. 15 a.in.) GENEVA, March 23. Tewiik Bu.shdi alone rallied to Litvinoil’s aid and. demanded the Disarniainent Commission to consider the Soviet’s plan, with a view to finding the best means of approaching the desired ideal. Gibson said as a result of sounding delegates lie was of the opinion that .sufficient agreement had not been reached to justify the beginning of the second reading of the Veport. Tt would be better to leave the convening I to the President’s discretion, perhaps | in .July or August; ' Russians persisted that the debate had not proved the Soviet proposals were impractical. but Chairman London tallied a motion that while the proposals harmonised with mankind's ideal they were incapable of lieing executed in I lie existing world conditions. This was only realisable by the ; methods of pacific procedure and sys- ' teniatie organisations of sanctions being strengthened. Therefore work must, proceed on lines already mapped mil. Meanwhile members of Governments will examine the Soviet plans, j Count Rernstorff revealed a now i German viewpoint that her disarina- | ; meat was contrary to the League • ( oveiianl and laid not hill her suffici'Uit forces to discharge her obligations thereto. I l.ilvinoff rose late in the afternoon ! and announced that to-morrow he was j submitting new proposals for parties giving up armaments, ami invited an immediate discussion, STO( K EXCHANGE. (Received this day at. 10. HI a.in.) NEW YORK, March 23. Stock Exchange sales totalled 3,585.901) shares, making the eleventh consecutive three million share day. General Motors was the sensational feature, adding S', dollars per share, (losing at a record for present shares of IS7;J. Traders in exchange are beginning to feel the effects of the tremendous strain of the past two weeks many nearing physical exhaustion during the session. DROP. IN RREVERY SHARES. .SYDNEY, March 21. The announcement that a rerereiufmn with a hare majority on the prohibition question will be held in Septein her had a marked effect on brewery shares on Sydney Stock Exchange. Owing to nervousness of shareholders, and the desire In dispose of shares, prices have fallen considerably. The total marking down in two days amounted to L'9-15,000.