GENERAL CABLES

Hokitika Guardian, 21 July 1930, Page 5

GENERAL CABLES

j UNEMPLOYED RELIEF. Press Association.—By Electru ; Telegraph.—Copyright.] LONDON, July 20. The House of ..'Commons, without division, authorised the lit. Hon. .Hiss ~M. Bonfield (Minister of Labour) to increase the borrowing powers for tinunemployment insurance fund from filthy millions to sixty millions. The fund is already forty-three millions. MAIZE TRADE. CAPETOWN, July 19. Four ships are Jitpe loading 20,000 toiiis of maize for Mexico, which is a new customer. This inspires the hope I that the season will he more prosperj ous than was expected. AUSTRALIA’S LOAN. LONDON, July 19. The “Observer” states: Although it is understood that Australia has been advised by the “highest authority” in privately placing its bills as cabled on July lotli. keen observers of the London discount market believe that better terms would have been obtained competitively. MR BECKETT, M.P. LONDON, July 19. The “Daily Mail” says : Members of the House of Commons are pressing for a penalty, in addition to the five clays’ suspension already passed on Mr Beckett, M.P. The Consultative Committee of the Labour Party will discuss the matter on the 22nd. inst. AMERICA CUP. YACHTSMEN’S HOPES. LONDON, July 19. Thousands turned out at Portsmouth to witness the departure of the Shamrock the Fifth 'for America, where she hopes to capture the America Cup. The crew are quietly confident that Sir Thos. Lipton will at last achieve his life’s ambition. JAPAN’S DAMAGE. (Received this dnv at 8 a.mA TOKTO, July 20. Communications are restored at Kyoehv. but divergent, reports assess the damage from fl ve to ten millions sterling. Among the towns, Nagasaki was The heavies!;- sufferer. Crops which nromised bumper hervests have been enormously damaged. v EMPIRE TRADE. FRANCE SHOWING CONCERN. (Received this day at 9.40 a.m.) LONDON, July 20. The French Ministry of Commerce officials admit they are watching the Empire , free trade campaign, anxiously, fearing it will menace the economic security of Europe. France’s trade with Canada is already suffering owing to Canada’s new preference for British goods.

A GERMAN VIEW. i (Received this day at 9.40 a.m.l LONDON, July 20. Doctor Cremer, a memiber of the Reichstag, expresses the opinion that if Britain changed the basis of international trade which had existed for a century it would ultimately be to the disadvantage of the whole Empire. He asks what will become of the Dominions separate trade agreements with Germany. A closed British Empire is bound to force Europe and America to seek elsewhere for foodstuffs and raw materials, now obtained from the Dominions. YON HINDENBURG. ON RHINELAND TOUR, (Received this day at 10.30 a.m.) BERLIN, July 20. Before beginning! a triumphal tour of the Rhineland. President Yon Hindenburg rescinded a decree embodying emergency revenue measures. He requested the Government to prepare further decrees securing the sound organisation of the finances. Parties are girding for an electoral fray but their alignment is not decided. Thousands of singing Rhinelanders triumphantly cheered Hinddnburgh during his entire fifty miles progress. PURE INVENTION. LONDON, July 20. Sir Godfrey Thomas, described the -“Sunday Express” report of the Prince of Wales projected holiday tour to America as a “pure invention.”