GENERAL CABLES

Hokitika Guardian, 23 May 1928, Page 2

GENERAL CABLES

(United Press Association. —By Electric Telegraph.—Copyright.)

KETCH’S OCEAN VOYAGES. SUVA, Alay 22. The fifteen tons auxiliary ketch Limejuicer the Second, arrived hero oil Sunday from Newcastle, which pen t she left on Afai'ch 3rd last. She is afterwards to visit the New Hebrides and New Caledonia. Her future movements are uncertain. * PRINCE OF WALES’S FORECAST. LONDON, May 21. The Prince of Wales was the chief guest at the New Zealand Association’s annual dinner. There was an attendance of four hundred, including Air Amery, Lord Jellicoe, Lord Eustace Percy, Lord Ivylsant, Sir Joseph Ward, Air W. Peinber Reeves, Sr Ernest Rutherford, Sir James Alills. Sir James Parr presided. In bis speech lie contrasted New Zealand’s trade balance of £2,.300,000 last year with its present balance of £10,500,000. He said the farmers in 1928 exported mostly to Britain, sending her fourteen millions, compared with seven millions last year.

The Prince of Wales, responding to the toast of his health, said that he had compared his memories of New Zealand with those of the Duke of York, and they had agreed upon the country’s great -future. The presence of so many Empire builders and Sir James Parr’s figures proved the needlossiiess of undue boasting, the Prince of Wales said lie' rejoiced that New Zealand cadets were now eligible for entry to the Sandhurst and Woolwich military academies. New Zealand’s future in the Pacific would equal Britain’s in the Atlantic.

SOVIET FAR'S! SCHEAtE. LONDON, May 21. •‘Again counting its chickens before they are batched, the Soviet for for-, imitated a gigantic scheme to export grain,” says the “Times’s” Riga correspondent. “The Grain Commissariat has decided that the Russian exports in 1932 shall be 850,000 tons, but considering that a prevision should be made for a margin of safety it lias decided to make the figure 800,000 tons. The exportable surplus will be the proceeds of great Stato farms in Southern and Eastern Russia. There are to be 1250 farming units, eaeli of seven thousand to ten thousand acres, and they will be allotted as a beginning. The estates will he State managed, in order to prevent the ‘peasant sabotage of the grain crop.’ Meanwhile, the soil remains in its virgin state. Nobody knows whence the ploughs are coming but as a start thirty wheat growing specialists will proceed to North America in June to study the United States and Canadian wheat farming methods.

LINER “ATHENIC.” LONDON, Alav 22. The “Daily Telegraph” is informed that the Atiienic has been purchased by Afr A. Jolire, chairman of a whaling company in Norway, and. will he converted into a whaler for use in the South Polar seas. Her transformation, will occupy three months, at a cost of one hundred thousand pounds. She w»u start her new career at the earliest with a crew of two hundred.

FRENCH Al ORDER. LONDON, May 21. The murdered woman, All's Wilson, was the daughter of the late AH Charles Cammed, of the shipping firm of Cammed, Laird and Coy, of which AH Wilson himself is a Director, ho being a son of AH George A\ ilson, who is the Chairman of Cammed, Laird and.. Coy. AH Wilson has announced a large reward for anyone bringing his wife’s murderer to justice. PARIS, Alay 22. A muffler, also an ordinary hornhandled labourer’s knife, have been found, and the latter is believed to be the weapon used by the murderer of Airs AVilson.

TRADE REPORT. ["T0» Times” Service.l '"Received this day at 8.50 a.m.) LONDON, Alay 22. The Geneva correspondent reviewing Europe’s economic recovery' says the report of the League’s Economc Committee points out Europe’s improvement in production in 1927 was the best since the war, whereas the United States was at a standstill. Similarly Europe’s trade advanced more than America’s. Tlie comparative stability of tariffs and exchanges is largely responsible for this, but it is not sufficient that Europe ten years after the war should at last have recovered the pre-war standard. The Committee expresses the opinion* that the conference’s influence has substantially checked the upward trend of tariffs, which was in full swing in Afay, 1927. A leadingfeature of the year has been the increased trading between nations of Europe. Compared with Europe’s trading with oversea countries, especially! United States in view of the low volume of world trade, an effort should be made to reach a general agreement for a reduction of tariffs.