GENERAL CABLES

Hokitika Guardian, 14 August 1930, Page 6

GENERAL CABLES

HATRY FRAUDS'. (United Press Association. —By Electric Telegraph.—Copyright.] LONDON, August 13. Arising from the Hatry frauds, the Stock Exchange Committee has adopted new regulations for the safeguarding of investors. These have been recommended by a sub-committee after hearing evidence from bankers, lawyers, and accountants. The regulations will bring the transfer of shares more closely under Stock Exchange control, and will protect municipal issues. They will insist on fuller details in connection with the flotation of companies. AUSTRALIAN FINANCE. LONDON, August 13. The “Morning Post’s” city editor says that reading between the lines of cables from Canberra, he is of the opinion that decisions of importance are likely to be reached in the next few weeks in Australia. He continues: “Refusal of all of the political parties there to recognise the authority of economic laws is the cause of most of the Australian troubles. We are living in times when theorists are prepared to offer quick remedies, but it is feared that the most efficacious ones will, be likely to be unpalatable to the more vote-reaching politician. FOR LIVE STOCK FODDER. NEW YORK, August 12. In consequence of the drought, Mr Alfred Thorn, counsel for the Association of the Railroad Executives, after a call at White House, announced that a fifty per cent, reduction will be made by the Eastern Railway companies on the frieghts for bay, feed and .water for live stock for the duration of;.the drought emergency. iMr Thorn expressed his confidence that the Western Railways would act similarly.

EDUCATION IN RUSSIA. LONDON, August 13. ' A Moscow correspondent says Bubnow, the new Commissioner of Education, has completely swept away the Tsarist • school system. The Soviet is preparing a three years compulsory programme for 16 million children. Eight to ten years of age is the compulsory term, extending yearly, until by 1936 all uyll be given a complete seven years of elementary teaching, free from “Religious mysticism and metaphysical trash.” The children are taught to expect to fight to protect the- State from invasion. Boys and girls begin .at-the age of 9 to learn military drill and tactical elements, accompanied by sports and physical training. The schools will’be the most modern in the world. 'Country irisitiitions are providing training in scientific agriculture the city schools curriculum being concerned with factories. SHOCKING FATALITY. HIX KILLED IN EXPLOSION. WARSAW, Aug. 13. Six were killed, including two schoolboys, when some shepherds picked up and began to unscrew a shrapnel shell near an artillery ground. Other children looking on were injured. SHAMROCK V. NEW YORK, Aug, 13. Messages from New London (Connecticut) states Shamrock V arrived there on Wednesday afternoon.