GENERAL CABLES

Hokitika Guardian, 2 September 1929, Page 6

GENERAL CABLES

TENEMENT DISASTER. United Press Association. —By Electrio 3 Telegraph.—Copyright.) LONDON,' Aug. 30.. Tlie bodies of forty-two adults and eighteen children have been recovered from a building which collapsed at Al-' giers. POLAR SUBMARINE.. i WILKINS’ PLANS. v - NEW YORK, Aug. 31. At Cleveland (Ohio), Sir H. Wilkins announced on Saturday that lie would shortly start the construction of a spec-ially-designed submarine to be used in geographical and meteorological exploration in south polar regions. He expects to start about the ,15th. of December, hut his operations would not be in any way connected with Byrd’s exploration. 1 MOTOR BOAT RACE. (Received this day at 8 a.m.) NEW YORK, August 31. At Detroit, Gar Wood,, in an American VIII, won the first heat of the Harmsworth Cup motor-boat races establishing a new world’s record of 67.932 miles per .hour , forsix laps of a:thirty mile " course;. * ; E9-; telle was fourth.- The British Gentry* was driven by an - -Englishwoman, Marion Carstavies, which developed ignition trouble in the third lap, and did not complete the course and although she may race dn the second' heat on Monday her performance cannot count for the Oup which will remain in America, Ibecause all other entries are American. - ..

N.Z. RAILWAY POLICY.

LONDON, Aug. 31

The “Financial News’’ discusses an a leading article the New Zealand Railway policy, arising out of the criticisms in New Zealand regarding the South Island main trunk line. The paper points out that British investors will, presumably he asked to lend money, and says that he forms an impression that loans are to be employed on works that will long remain unproductive and will constitute a drain on general revenue, the rate of interest will inevitably harden. These considerations it says suggests in the present state of the railway finances of New Zealand, and- elsewhere, caution should be exercised where it is a case of em-_ harking on heavy capital committments. ;. -