GENERAL CABLES

Hokitika Guardian, 22 March 1930, Page 5

GENERAL CABLES

VIENNA SENTENCE

[United Press Association.—By Electric Telegraph—Copyright].

VIENNA, March 20,

Nciimayer, cabled on 17th. March, was sentenced to imprisonment for life with hard labour.

WORKERS’ PROPOSAL

BERLIN, March 20

Germany’s work people- have taken seriously to heart the spe-tre of unemployment. The total idle is now three millions. Great Becker Steel Works are laned with either reducing the costs or production or closing. Workers approached Hie directors and suggested fifteen per cent, cut in wages, meaning an economy of £(j(),(!(XJ on inc yearly wage bill of £400,000.

BRITISH HOPES,

BANK RATE FURTHER REDUCED

LONDON, March 21

At Bradford it is Ibelieved the reduced hank rate will react favourably on the wool market. The news of the drop was well received on the Wool Exchange. A leading importer said there was nothing now to stand seriously in the way of a revival of the wool industry. “We are likely to enjoy cheap money for some months,” h-e said, “and there should be less restriction in the placing of new business.” Mr George Whitaker, President of tho British Wool Federation, said: “It seems that one reason for the reduction is that money is not being used in industry. The drop will bean incentive to thus use it again.”

The Daily Herald, in an editorial says ; The hank rate reduction foreshadows an extension of credit to an extent that has not been readied for seven years past. Rightly used it should cheek the long decline in prices which is the chief cause of our industries depression.

TARDIEU RETURNING

PARIS, March 21

M. Tardieu announces he is returning to London when the Conference takes a definite turn.

DRUNKEN GEESE

BUDAPEST, March 21

A flock of geese on a common, near Kistormas, suddenly ran amok, laucously cackling. Investigated showed a motor lorry overturned and barrels of wine ran in to a ditch from which tho geese drank, with the icsuPt- that th-e-ir hitherto blameless lives were blemished by drunken behaviour.