GENERAL CABLES

Hokitika Guardian, 26 November 1929, Page 5

GENERAL CABLES

EX-ENEMY PROPERTY

ALLOWANCES MADE BY ■ BRITAIN.

.United Press Association.—By Electrio Telegraph.—Copyright.)

RUGBY, Nov. 22,

In the House of Commons in a statement on the liquidation of exenemy property last night, Mr Philip Snowden, Chancellor of the Exchequer, emphasised that Great Britain had been more and not less generous to the original owners of exenemy property than the other creditor countries. A common undertaking shared by Britain, was only to cease liquidation and release unliquidated properties. The British Government, however, had not only .made com passionate allowances amounting to £5,000,000 to individuals, but had offered to waive claims to properties as yet unliquidated worth £5,000,000. More could not be done in justice to tho British taxpayer, and this was equivalent to the abandonment, so far as possible, of relevant provision of the treaty.

WOOL SALES

LONDON, Nov. 25

At tho wool sales, 10,967 bales were offered including 3,224 New Zealand. There was a moderate offering of greasy merinos suitable for all sections and plentiful supply of scoured. A fair lot of New Zealand mostly merinos and halfbreds, There was a steady market, and prices were unchanged, Greasy crossbreds, Castle Hill 18£d to I3id; merino, Mosopo■ tamia laid to 14-fid. Bradford tops market slow quotations slightly, easier all round. COMMERCIAL. LONDON, Nov. 24. Gold is 84s 11.)cl.