GENERAL CABLES

Hokitika Guardian, 2 January 1931, Page 5

GENERAL CABLES

DECREASED BANKING

(United PrEsa Association —By Electric Telegraph—Copyright).

(Received this day at 10 a.m.) LONDON, Jan. 1

An illustration of the acute depression and reduction in bulk of both wholesale and retail trade appears in a statement of the London Bankers Clearing House. In 1930 the turnover was 1,338 millions below 1929, despite the first half year showing a comparative increase of 206 millions.

SHIPPING FINANCE

LONDON, Jan. 1

The "White Star Line announce they are unable to pay a preference dividend due to-day and requested the Royal Mail to ' pay it within thirty clays.

COAL MINES IDLE

LONDON, Jan. 1

There are 420 pits idle in South AVaies. Only safety men are on duty keeping the mines ready for a resumption of work but coal getting continues at about fifty pits. (food humour is general and pickets at the mine entrances are cneerv, but the miners generally expect a joint meeting between owners ancl trade union leaders on Saturday will find a solution to the trouble. As one of the mi none said: —Ye arc going to lose three days pay which is more than we will lose in two months working on the terms if the federation had settled. The miners wives generally arc praying that the men may work again on Monday.