GENERAL CABLES

Hokitika Guardian, 3 September 1928, Page 3

GENERAL CABLES

Australian Press Assn.—United Service STINNES ARREST. (Received this day at 8 a.in.) BERLIN, September 1. The shock of his arrest was so severe that the regular administration of stimulants and constant attendance of doctors is necessary to keep Stiiincs alivo during his first night in (lie cell, in a semi-collapso. In the morning, when questioned of his share in tho plot to defraud the Reich, lie explained that under tho law designed to restore

to investors of the German war loan of a fragment of their lost money, tlieso proving they had purchased stock lielore July, 1920, got 12) per cent of capital refunded, plus interest, while later purchasers get only 2) |R'r cent interest. This was less than was anticipated, and there were widespread attempts to defraud. It is estimated the Reich would have lost sixteen millions sterling if all attempts discovered last year' had been successful. Stiiincs case is only one of many. To-day’s interrogations sensationally alleged the derived information that Herr Heinzmanii, the Reich Commissioner investigating the war loan frauds would have quashed the prpeoeedings against Stinnes if lie paid five thousand sterling through a Paris hanker to Heinzmanii. He confronted Stinnes and denied the allegation but Waldow confirmed Stinnes story, saying the hanker personally made an offer which Stinnes rejected, regarding it as blackmail.

GERMAN REPARATIONS. BERLIN, September 2. Parker Gilbert, Agent-General for Reparations, announces that during the fourth Dawes year, ending 31st August, Germany made all payments fully and punctually, having actually paid £87,300,000, including the cost of the Rhineland occupation armies £3,250,000. MONROE DOCTRINE. GENEVA, September 2. . Following Costa Rica’s request for a definition of the Monroe doctrine, the League Council, after a lengthy consideration transmitted a non-eommital reply, affirming article 21 of the covenant confines itself to referring to engagements of -the States, without attempting to define them, which task is not- for the authors of the covenant, hut the sole concern o'f the States which accepted such engagements. The reply is regarded as of importance in establishing the principle that the League never undertakes to interfere in treaties made outside its own auspices.

DIVERS’ DISCOVERY (United Service.) (Received this day at 1.5 p.ni.l LONDON, Sept. 3. Divers, descending to the up-turned bottom of the 24,000 ton German battleship “Kaiser” in Scapa Flow, during salvage operations, encountered a six foot jungle marine growth extending the ship’s 505 feet length and 95 feet in width, in which lurk all denizens of the deep. Portion of the growth is as thick as a man’s wrist. It was dangerous and almost impossible to proceed until tracks wore cut. Divers state it was like a pitch dark night, when they groped among the growth, towering above their heads at times.

A GERMAN PROJECT. BERLIN, Sept. 2. A correspondent of the Berliner Tageblntt says the military authorities at Cuxlmvon are purchasing a large fiat of land in the sparsely inhabited area at the junction of the Elba and the Kiel Canal for gas experiments. A massive building is being erected a.s storage steel containers for gas, presumably uon-poisonous, which it is proposed to lie used similarly to naval •smoke screens enveloping places of importnnee, in case of hostile air attacks.

TRADING LOSS. LONDON, Sept. 2. Trading loss in South Wales Coalmining Industry for the quarter ended July, totalled £805,372, the largest deficit since tho operation of tho present general wage agreement. The volume of Labour employed is the smallest si.uce 1904, 163,000 compared with 197,000 in the early part of 1927.