GENERAL CARLES

Hokitika Guardian, 12 February 1931, Page 5

GENERAL CARLES

APPLICATION BILL. (United PrSss Association—By Electric Telegraph—Copyright) (Received 12.45 p.m.) LONDON. February 11. As a result of representations by Commoner Boyce in the discussions on the Foreign Office Alinistry accepting Air Boyce’s amendment to the third reading of the China Indemnity Application Bill, allowing portion of the indemnity of four millions, to be expended in Australia, chiefly for railway sleepers.

THE GOLD STANDARD AGAIN. (Received 12.45 p.m.) LONDON. February 11. Afr Frances Hirst, speaking at the National Liberal Club, said “All nations and governments are involved in the war debt question. If they only recognised their interests, they would participate eagerly in a concerted ecforfc to stabilise the value of gold./The case for the readjustment of war debts and reparations contracted when gold was much less valuable, was now Overwhelmingly strong and presents no practical difficulties. The ounce has now double or more purchasing power than when Britain incurred the debts to America. The British annual payments of thirty-three millions sterling are now really sixty-six millions. A fair payment in interest and principal would be sixteen and a-half millions.

ENCOURAGING LETTINO. BAR US. February 11. Contrary to efforts elsewhere to putdown betting outside racecourses, the authorties have chosen the entrance halls to the city cinemas as branch betting offices, installing parimutuels from which bets arc transferred to racecourses. AUSTRALIAN CREDIT AT HOAIE. LONDON, February Ft. Australian stocks are irregular. Some further are marked down, others slightly higher. The dealings recorded:—Commonwealth, fives, range 68 to 72; sixes, to 78$. Victorian, fives, to 63$ ; 4i}-, to 57. New South Wales 3$ 42 to 45; l;{ 7:2 to 78 ; 6$ 73 to 75; sixes. 65 to 75; Queensland, lives, 58 to 62; sixes 77; South Australian, threes, 35. Tasmanian 3'. 52 tofiO, 6s, 79. West Australian sixes, 74. Though to-day’s messages from Australia persist to state -Mr Soullin is negotiating for a reduction of the War debts interests, the Australian Press disclosure that a moratorium is the more favoured course, is confirmed ny the Dominion’s office circles, where it is admitted the discussion is proceeding. It is understood the term of years is not settled, though as much as five years have been mentioned.