GENERAL CABLES

Hokitika Guardian, 12 February 1931, Page 6

GENERAL CABLES

ABATEMENT OF WAR DEBTS. (.United Press Association—By Electric Telegraph—Copy right. J LONDON. February 10. The Australian Press Association’s inquiries tend to confirm the press cables from Australia that Mr Scullin is negotiating to obtain the abatement of win- indebtedness to Britain. Both the Dominions office and Australia House refuse to deny or confirm, from which it is inferred negotiations are at a delicate stage. The Australian Press Association learn that naval, military and air force liason officers at Australia House are being retired and Mr Tremble, secretary to the High Commissioner will act in their stead. The Agents General are at present disinclined to comment on the proposal of the abolition.

Australian stocks were mostly further marked down to-day with wide margins. Commonwealth fives, ranging from £65 to £7l; 6’s £BO to £B4. Victorian .Vs £47; s’s £6l to £62. New South Wales 4's £77 : Vs £6O to £6-1; BFs slight better. £44 to £SO; s:f"s £76 to 79; 6.V’s £7B to £7B; 6’s £75 to £76. Queensland s’s £6O to £65; 6\s £75. South Australian 81’s £6B. Tasmanian O-.l’s £7B. West Australian 6's £76 to £7S. WOOL TRADE LONDON, February 10. “The second half of 1981 will see a better trade in wool” said Air Af.aurice Dnbrulle, President of the Internationa) Wood Textile Organisation, interviewed at Bradford. Stocks of finished articles are low and there are signs that women will demand more wool goods to the detriment of artificial silk and cotton. The prices of wool have come to a ridiculously low level, which docs not pay the farmer. It is evident that if this continues, farms will he entitled to cut down the flocks. If this happens the industry will he starved for supplies of raw material when the trade is revived.

I international wool textile orgnnisj ntions is opposed to any form of price • fixation or susjxmsioit of sales. FI.V BOAT SOFA DR ON , RUGBY, February 10. | Squadron-Leader OYlebar, officer in j charge of the flying boat sqwdron for I developing flights. at Felixtowe j who has been selected to take admin- | istrati ve charge of the Royal Air Force Schneider Trophy team was in control of the team in T 929 when lie ; showed himself an exceptionally capI able leader. Although he did not himi self fly in the race, lie tested each machine after modification during the trials, and afterwards cstah'ished a : woHd’s speed record of 858 miles an hour, in one of the crafts used in the ; race. ! Members of this year’s team are , not yet announced. i FLIGHT RECORD ATTEMPT. i i LONDON - , February IT. I AYith the object of lowering the Lonilon-Canetown record. Tommy Rose left Croydon in moonlight at 5.80 a .in. . in an Avro Avian airplane.