AMERICAN ITEMS

Hokitika Guardian, 31 March 1930, Page 5

AMERICAN ITEMS

ECONOMIC EMPIRE. [United Press Association.—By Electric Telegraph.—Copyright.] OTTAWA, March 29. An Economic of Empire lias been definitely set for September and the Canadian budget to be brought down shortly - will be drafted accordingly. It is not unlikely a plan will be launched for reaction against the increases of the United States tariff on Canadian produce, by offering a special trade inducement to other countries of the Empire. AUSTRATiTA’S UNEMPLOYED. VANCOUVER, March 30. CJjy .W., Holcombe, a Magistrate in Port Adelaide, in an interview declared unemployment, as an economic condition in Australia was extremely bad. “Our States have entered into many phases of business in competition with private capital' with, in many cases, little suecss. Deficits were .produced by jStalte butcheries a,nd bakeries, which have been run by men, who after having been weeded out for inefficiency in private business, have been allowed to continue in Government positions.” Air Holcombe blamed automobiles for the State railway deficit. BIG TRUST MERGER. NEW YORK, March 29. It is understood that amalgamation is pending of the Guaranty Trust, Bankers Trust and New York Trust Companies, with total reserves excluding three thousand millions dollars. There is no other recent combination so large. A LONG RACE. • MONTREAL, March 29. It is announced that a five hundred miles foot relay race for a purse of ten thousand dollars, open to runners of all countries will be held in the environs of Montreal beginning on 20 June. Teams of two men will be' units similarly to a six days bicycle race.