GENERAL CABLES

Hokitika Guardian, 29 October 1930, Page 3

GENERAL CABLES

YACHT TAKES SHELTER

United Press Association.— t?j Electric Telegraph.—Copyright. |

LONDON, October 26,

The yacht Tarapunga., going to New Zealund from Keil, was compelled to seek shelter at Mount’s Bay. She carries two. men and one woman, and will continue the journey when the gale moderates.

SIGHT LOST

LONDON, October 25,

A grim little story is told of a cocktail party, which may, or may not, serve as a warning to other addicts of the pleasant vice. A Londoner was testing a new concoction when the point of a cherry stick entered an eye. He rushed off to a doctor, but every attempt to save his sight failed. The eye was removed.

JAPANESE NAVAL PAGEANT

TOKIO, October 25

The Emneror of Japan to-morrow reviews a fleet of 165 ships, with a tonnage of three-quarters of a million, at a naval pageant, marking the completion of the manoeuvres.

HON. W. CHURCHILL

LONDON, Oct, 27

“The times liave changed, and I have changed with them,” said Hon W. Churchill speaking at Upping. “The time has come when all duties imposed at different times for different reasons should go, gathered rip in a .general tariff on all foreign and imported manufactured goods. A general tariff is necessary for revenue purposes. We liave reached a limit in direct taxation. ,

THE NAVAL TREATY

RUGBY, October 27

The ceremony of depositing the ratification of the London Treaty for naval armament limitation and reduction took place in the Locarno room of the Foreign Office to-day. The speeches were relayiAl by wireless ifrom fokio and Washington, by the Japanese Prime Minister and President Hoover respectively, while Ramsay MacDonald also broadcast a speech in which lie said lie hoped all time, the evils of naval rivalry lukl been eliminated. Between them they bad passed another milestone in the long way to peace and security.

STOCK PRICES. LONDON, October 27

There were the sharpest declines in Australian stocks in Commonwealths five per cents. Dealings ranged from 79 to 84:1, six per cents ninety two to ninety five. Declines in state stocks ranged between fifteen and fortv five shillings.

ECONOMIES IN GERMANY

BERLIN, October 25. The German Cabinet has agreed to a. twenty per cent, reduction of incomes of all Ministers. It has completed the projected Budget for 1931-32, providing for cuts in official salaries and pensions to the extent of £6,000,000. President Hindenburg has announced that he is voluntarily resigning twenty per cent, of his salary, as from November Ist., without waiting until the law relating, to reductions becomes effective.

The duty on wheat entering Germany will he immediately Increased from 9s 3d to 12s 6d per hundredweight, and that on barley from 7s 6d to 10s. SOVIET;B LATEST PROJECT. RIGA, Oct. 27. The Soviet Marine directors have submitted to President 'Stalin’s plans to build 551 steamers aggregating two million five hundred thousand toi P, within five years. Mr Stalin approves of the establishment of huge shipbuilding yards in South Russia to develop the metallurgical industry. A Special Commission situated on the Black Sea, the /Sea of Azof, and the Caspian Sea will study communications and defence.

HUGE COMBINE.

OF BRiTTISH COAL MINES

LONDON. Oct. 27

The greatest amalgamation in th e history of coal mining has resulted at a private meeting at Manchester of the Lancasliire-Cheshire Colliery Owners’ Association. The members decided, by an overwhelming, majority, to combine all of the collieries in the two countries into the gigantic concern, controlling an output of twenty million tons sterling.

The capital involved amounts to twenty millions sterling.