GENERAL CABLES

Hokitika Guardian, 21 June 1928, Page 3

GENERAL CABLES

Australian Press Assn.—United Service FATAL EXPLOSION. MEXICO CITY, June 20. Twenty-six bodies were recovered today alter an explosion in which four buildings were wrecked. MEXICAN DISASTER. -MEXICO CITY, June 19. Nineteen persons were killed, and thirty persons were injured when a boiler in a bath-house exploded. STABILISED FRANC. PARIS, June 20. The money markets of the world m. open on Monday to find the stabilisation of the French franc an accomplished fact. The procedure will be as follows: M. Poincare, President of France, will on Saturday afternoon disclose the figures at which the franc is to be stabilised to the Cabinet, and lie will read a new Convention with the Bank of France, and also the text of the necessary legislative measure. After this the Chamber of Dtpu.. will loceive the proposals, which wd. be referred to the Finance Commission for a report. The debate in the Chamber on the proposals will not begin until nine o’clock in the evening, after the closing of the New York Stock !£.»- ohango at mid-day (American time). Ail all-night sitting of the Chamber is predicted, and Parliament, if necessary will sit on Sunday, as. it is essential to the success of the plan that the full details should appear in the official Journal on Monday morning, before tin Stock Exchange of the world reopens, and thus prevent speculation that would involve colossal sums of money. LONDON, June 20. The Morning Post’s Paris correspondent states: The now franc rate is likely to he 124.48 to the pound sterling, which means that 153 coins may be manufactured from a kilo of gold: The Daily Telegraph states: “It is problematical whether the Right and Radical Socialists will long consent to co-opcrate with the Poincare Cabinet after the. stabilsation of the franc, owing to M. Poincare's recent Ministerill appointments favouring the Left.

LITHUANIA’S STAND. LONDON, June 20

“It will, perhaps be your fate to fight further for Lithuanian independence,’’ Premier Va.ldaraeras told a eonfeitenco of Lithuanian! riflemen, whom he warned to be on tlieir guard against the Powers’ attempts to fon Lithuania to cede Memel to Poland.

The War Minister, M. Daiikantas, declared that the Powers wanted to force Lithuania to come under Polish influence. He said that the Powers must know that Lithuania does not want war and bloodshed, but if it were necessary to defend her independence, she was ready, and she would ' not cease fighting until she achieved complete victory, or till the whole of the Lithuanian pieople were slain on the battlefield.

Tlie Soviet press alleges far-reaching plans on the part of Poland to annex Lithuania.

SHOOTING' AT BELGRADE. BERLIN, June 20

Reports from Belgrade state during a tumult in Skupshtina (Parliament) Deputy Racie fired several revolver shots at a Deputies group, led by Stephen Rad itch, leader of the Peasants Party. Paul Rnditeh, nephew of the leader, was killed and two other Deputies seriously wounded. Racie, an ox-Minister was arrested. BELGRADE, June 20.

Fuller accounts show two were killed instantly and four were wounded in the Skuptchina outrage which followed a violent debate.