GENERAL CABLES

Hokitika Guardian, 26 January 1931, Page 5

GENERAL CABLES

ADMIN ISTRATIVE LITIGATION.

VERDICT AGAINST STATE,

PARIS, January 25

Ihe Conseil d’Eiuat, ' a body dealing with administrative litigation, gave a verdict against the .State in connection with a crime committed in Jb-3. A man named Jerome was allowed to leave, a lunatic aslyiun on condition he kept away inwii ln,s former home, but lie quiucly returned ana snot and killed another man. 'i he Court found the State guilty of negligence and ordered it to pay the victim’s widow an annual pension of three thousand 1 ranks and also pay the daughter twenty thousand franks.

RADIO LITIGATION

LONDON, January 24

A settlement is announced by an Anglo-German tribunal in favour ol the Amalgamated Wireless of Australasia versus the Gosellschaft. Four Draft lose Telegraphic, for £2,500 plus £2,1)00 interest. No costs wCie awarded.

PRINCESS’ ACCIDENT

LEFT WRIST FRACTURED,

LONDON, Jail. 25

The “Daily .Mail” says;—Princess Beatrice slipped in a room at Kensington Palace, and fell heavily on her left Hire arm which was broken above the wrist. His Majesty, who is at Sandringham, is keeping in touch with the patient.

LANCASHIRE LOCK-OUT

LONDON, January 24

The Weavers Amalgamatced Organisation, by a majority, have refused their executive powers to negotiate on the more looms or weaver system. The lock-out is costing Lancashire two mi 1 ion sterling per week, in the loss of orders and ol wages.

BRAZILIAN BANK

OBTAINS LONDON CREDIT

LONDON, January 23

The Rothschilds have arranged a credit of six and a half millions for eighteen months for the Bank of Brazil, under a guarantee from the Brazilian Government. This is the first stage in a reorganisation of Brazilian finance, which is being carried out under the advice of Sir Otto Nie-. meyer.

BANKERS’ ATTITUDE

(Australian Press Association.)

MELBOURNE, January 25.

"There Is 110 hope of any downward movement in interest rates until Hie budgets are balanced,’' «nid Mv 11 ■ Tranter, Chairman of the Associated Banks, in the course of an interview. He added; “Credit is not available now because the Commonwealth Government will not put its house in order.”

WAGE-CUTTING WEI.COM ED

LONDON, January 23

The Stock Exchange regards the wages cuts in Australia as the indication of an intention to economise. 'Consequently there has been a general hardening of Australian stocks. Commonwealth five per cents, have recovered two pounds, and six per cents, one pound. Several of the States issues have ranged from one to three pounds higher. \