OFFICIAL WIRELESS

Hokitika Guardian, 18 May 1928, Page 1

OFFICIAL WIRELESS

THE CURRENCY BILL. MINISTER’S TRIBUTE TO BANK. [Special to Press Assn, by Radio.] RUGBY, May 14. In moving the second reading of the Bill, Mr A. Af. Samuel, Financial Secretary to the Treasury, said that the Bill proposed to give effect to the longfo'fesliadowod amalgamation of Treasury currency notes with Bank of England notes. The Bill placed the responsibility for'the note issue where the actual responsibility lay, and must continue to—with the Bank of England, because that hank controlled credit. No one who had studied the economic development of Britain in the twentieth century could have failed to have seen the position which the Bank of England had established in the finance of the nation. The country was proud of this bank, and it was with full confidence that the Government had decided bv this Bill to trust the management of its paper currency to it. The bank was empowered to issue notes of £l and 10s and to make these legal tender for all payments. It was provided that the whole of the profits of the issue, both of the new' £1 and ten-shilling notes, as well as on £5 notes issued by the Bank of England, should go to tho State.

FOREIGNERS IN PERSIA. SPECIAL LEGAL RIGHTS. RUGBY, May 14. The text was issued to-day\ of a Note which the Persian Government sent to the British Minister in Teheran on A fay 10, when the capitulatory regime terminated, respecting the legal position of British nationals in Persia. The Note, which emphasises the point that the judicial personnel and laws of Persia have been very appreciably reformed, states that in all civiland commercial cases in which a foreigner is involved, only written evidence will he admitted, and judgments, which must contain considerations of law and fact, must also ho put in writing. Ordinary police courts shall be competent in matters only of slight importance, where nothing more than a small line is involved. Foreign nationals will never be sentenced to corporal punishment.

Unless actually committing a crime no foreigner will be arrested, and no foreign premises or private premises will bo entered or searched without proper warrant. Foreign nationals will bo treated on an equal footing with Persian subjects in matters of taxation.

DRUNKEN DRIVER FINED. DANNEVIRKE, Alav 18

Before the Magistrate. Air IT. A. Young, Leslie Albeit Frquhart, of Hastings, a forest ranger, was convicted of having been in a state of intoxication while in charge of a motor lorry at Damievirkc. He was fined £lO and ordered to pay £4 expenses. Tlis license was suspended until Allay 31, 1921).

Accused had been given a friendly warning by a constable to get some one to take tlie lorry to a garage and stay in town for a night, hilt ho did not do so, Subsequently in tlie middle of the night, the lorry capsized when defendant was proceeding to his camp in tlie Ruahine Ranges. Suppression of his name -was declined, the Alagistraio remarking it was advisable that tlie Forestry Department .should know something of the matter.