GENERAL CABLES

Hokitika Guardian, 28 August 1930, Page 6

GENERAL CABLES

AU STRALIAN FINANCE. [United Press Association —By Electric Telegraph—Copy right.] LONDON, Aug; 27. The “Morning Post” says the Australian Labour Government accepted with good grace the unpalatab.e truths set forth in Sir Otto Niemeyer’s diagnosis, but while responsible leaders are showing readiness tu comply with the dictates of wisdom, menacing tones are issuing from extreme followers of the Conference. The industrial and .political wings ol New South Wales Labour Government demand the cutting ol gordion knot by the repudiation ol the war debt, a moratorium on service overseas Government loans. Neither the Governments nor demagogues can flout the inexorable behests of the economic laws any more than can they deflect the stars from their course. ANOTHER BOMB OUTRAGE. (Received this day at 8 a.in.) DELHI, Aug. 27. Still another outrage this morning occurred in Calcutta- when a bomb was thrown at a police outpost al Eden Gardens near Government House. A constable and two coolies. Government servants, were all seriously wounded. The thrower disappeared in the gardens. FRENCH PRESS FORECAST. PARIS, August 26. In the French general election speeches, the references to foreign policy are notably quieter in tone, but this is not reflected in the Paris press, The “Petit Journal,” one of the most moderate papers, warns the trench people that there is a German demand for the re-shaping of the map ot Europe to Germany’s advantage, and says that this cannot lie achieved except by force. Wjfliosd desiring the revision of the Peace Treaty, it says “desire war, but Germany, at present, is not ready to force her demand for revision. ft may .be ten or twelve years before a clash , becomes imminent.” /t:'... . " ■ It is significant that Doctor Curtins, the German Foreign Minister, in his initial speech, championed the late Dr. Stresemami’s. policy ofjiin international understanding with courage. Even Herr Tieviranus, who recently declared that the rivision of tne eastern German frontier was urgent has now climbed down/ admitting that this subject cdukl not at present Oe raised. Several of the Paris' newspapers welcome the fact that some of the leading German publicists have come into the open with the demands for Treaty revision, as this is calculated to convince wiiverers (if the real itfiderlying motives of German policy.

GERMAN CAPITAL. BEING SENP ABROAD. LONDON, Aug. 27. The “Nows Chroncile’i?” Berlin correspondent says the flight of capital from Germany is causing the Government great anxiety. It is estimated that forty-one million sterling lias left .since January, the hulk of which has gone to Switzerland, ftnd more recently to Holland. Besides the big capitalists, small people are sending their paltry savings Abroad, despite the higher rates ot interest and freedom from income tax obtainable, if banked in Germany. Doctor Reinhold, formerly Finance Minister, brands the flight of capital as a crime. There has.not been such an exodus of capital since the .nilation period immediately./ after . the war. ’ ‘ ' ' r .MEDICAL CONFERENCE. VANCOUVER, August 26. A from Winnipeg states that tiio' Medical Association opened its conference there to-day Avitli two thousand medical men present. The opening ceremonies included Professor Harvey Smith’s presidential address and impressive religious services. Professor Smith, in bis address, stressed the fact that the economic ■ orgamsa-. tion of medicine had not kept pace with its scientific progress. He pointed out that- thirty per cent of their patients were treated free by the .physicians and lie advocated a system of health insurance as the only method by which competent medical service may be placed within the reach of all on a satisfactory basis.