GENERAL CABLES

Hokitika Guardian, 17 January 1929, Page 6

GENERAL CABLES

. ' \ • LLOYD’S. REPORTS. (United Prees Association—By Electric Telegraph—Copyright). LONDON, Jan. 15. Lloyd’s register of shipping being constructed at the end of December in the British Isles shows an increase of 155,000 tons compared with September, although the present total is 1,242,000, or 530,000 lower than at the end of 1927. The average tonnage being constructed for the six - year period 1923-28 only amounts to 1,220,000, compared with an average of 2,000,000 in 1913. About 115,000 of the tonnage now in hand in Britain is intended for British dominions. The tonnage being constructed abroad is 1,375,000, 66,000 lower than September but exceeds by 132,000 the tonnage being built in the British Isles. Countries abroad have more than one hundred thousand tons under construction. Germany has .'182.000, Holland 182,000; France 101,000, and Japan 118,000. The total iboing constructed in the world is 2,(318,001) of which 47) per cent is in tile British Isles eomptir ed with a pre-war percentage of fiftyseven . A reduction is again shown in tanker tonnage under construction compared with 1927 tonnage. • Motor ships under construction in the British Isles is still less than the tonnage of steamers. Motor ship tonnage under construction abroad is' 859,000 compared with 506,000. YYorld figures show motor ships constructing exceeding by 814 a similar total of steam tonnage. ■SIR JAMES PARR. (Received this day at 11.25. a.m.l LONDON. January 15. Sir James Parr spent a day at Bradford. He addressed four hundred Textile' Society members. He replied to criticisms of New Zealand’s breeding methods and described the Department of. Agriculture’s efforts to improve such methods. He concluded: “The problem facing New Zealand sheep men is not with what will they replace the Romney, which is the best from a meet viewpoint, but what methods of breeding can be carried out to eliminalo hair fibre.” . He eulogised the great work of the Wool Research Institute. William Hunter advocated the introduction of Lincolns, which lie believed would result in twenty-five to fifty . thousand more bales for which a better market would he obtained. Professor Barker said the Textile Department ol • the, Leeds University was carrying out 'experiments with Romney wools, whereby it was liopeor to get rid of defects. COMMONWEALTH LOAN. (Received this day at 8" a.m.) LONDON, January 1(5. The city’s check, to New. Year rise in gilt-edges has l>eeii. administered by the announcement of the Commonwealth loan. The market was not prepared for another large trustee loan so soon after the large Indian and New Zealand issues. The terms arc regarded as rather dear at present, lhe operation raises 'the total Commonwealth five centum 1945-75 outstanding .to fiifty-nine million sterling, which considerably exceeds any other Dominion k>an. freights increase. (Received this day at 8 a.m.) LONDON, January 17. The Shipowners Conference was hurriedly summoned as the result ol a cable from Australia protesting at ■ freight increases. The Australian ■ Press is authoritatively informed shippers are making a firm stand, opposing the increases. Meanwhile shipowners have decided not to impose the increase of freights at present.