GENERAL CABLES

Hokitika Guardian, 6 July 1928, Page 3

GENERAL CABLES

Australian Press Assn.—United Service

POLICE THEORIES

(Received this day at 11.25 a.m.) PARIS, July 5

The police at Calais, after investigation into tlie Loewenstein tragedy, drew attention to other possibilities than an accident. Tho London Finance Association declared Loewenstein had merely ordinary worries. Fie was the most ab-sent-minded man in the world. When planning schemes he never looked at wlint lie was doing or where he was going.

LONDON, July 5

Loewenstein’s death caused a sensation. It is stated exceptional force was needed to open tlie fatal door. Deceased’s valet, Baxter, says lie found tho door had been opened anti tho catch was hanging down. The door was only held against the sides by tho rush of the wind. The ’plane was 4,000 feet in the air. Loewenstein had a habit of opening the door and gazing at the sea when crossing tho Channel. Belgian authorities are expressing the belief that the evidence points to suicide rather than accident.

A high financial authority stated r Loewenstein' was lately embarrassed and had been refused a credit of two hundred million francs in England. This left him unable to cover important obligations. Brussels also stated he failed to float a twenty-five million dollar loan in America and it is furthei rumoured he lost five million sterling in the Brussels Bourse.

. - GERMAN TRADE. OTTAWA , a July 5. Germany’s trade with Canada was 00,000,000 dollars last year, compared with 18,000,000, the highest pre-war year. _ iHHi The disorganisation of Russia provided a market for Canadian wheat, flour, and zinc for German consumption of forty million dollars last year.

new service. LONDON, July 5. The Aberdeen-Coimnonwenlth Dine is inaugurating a regular fortnightly service to Australia via Suez Canal hy Bay Bale steamers, augmented by 1 the inclusion of new high powered motor cargo liners.

'EMPIRE COMMUNICATIONS. Australian Press Assn.—United Service {Received tins dav at 12.25 p.m.l ■ LONDON, -July 5. / According to an official forecast, the Conference of Empire Communications report recommends a combination of nil cable and wireless communications throughout the Empire. It also recommends n plan which it is believed will secure uniformity of control and safeguard the interests of State and public and provide for future developments. It is proposed that one corporation shall operate hotli wireless and cablo traffic, Government having representation thereon and hold the ballance between wireless and cable interests. The corporation will include the following property:—Eastern and Associated Companies, Marconi Associated Companies, Pacific Cable Board, British' Tost Office beam stations, and Atlantic cables, which will bs leased to the new corporation. There will be a division between purely traffic operations and non-imperial interests, as it is felt tlie Government could not participate in manufacturing or extraneous undertakings.- '1 here will thus bo two companies with in addition an authority to advise on rates, and' expenditure of new capital. An important proviso stipulates the operating corporation will he entitled to a fair standard dividend, whereafter the profits will he equally divided between State and Corporation. It is understood the profit sharing arrangement satisfies from the viewpoint of the British treasury, which favoured a sliding scale, enabling a reduction of tolls as profits increase, and at the same time giving the company every encouragement to maintain efficiency.