GENERAL CABLES

Hokitika Guardian, 15 May 1931, Page 5

GENERAL CABLES

A GRAPHIC STORY. United Press Association—By Electrio Telegraph.—Copyright.) (Received 10.5 a.m.) AMGAIAKSALIK, May 13. A graphic story of the finding ol Courtauld was told by his rescuers, who after a very difficult search saw a mound of snow in the top of widen was the hole which was the chimney of Oourtauld’s buried hut. They shouted down the aperture ami were delight ed to bear thu reply “all fight”, They dug out Courtauld whom the snow had imprisoned fop two months, most of which was spent unperturbodly in a sleeping bag, WHAT AUSTRALIA WANTS. LONDON, Alay 14. “I have not come here to apologise for New South Wales or Australia)’' said Air Willis in an interview. Australia needs tho lightening of the crushing burden to allow Her to rise and work We believe we entailed reconsideration of our indebtedness. Explaining Mr Lang’s default, Mr Willis said that he did not admit it amounted to repudiation and added that the Government’s first duty was to feed our own people. The reason that New York’s interest was puid and London’s not paid, was that New South Wales had only enough money to pay New York. It was reasonable to expectmore consideration from a member of the same family than from a foreign nation.

LONDON OPINION. UNCERTAIN ABOUT SENATE OECISION. LONDON, May U. The “Financial News,” discussing the rejection by the Federal Senate, of the Commonwealth Bank Bill says: —The shipment of gold would not have solved the ultimate problem, but the City of Loudon recalls that Mr Scullin definitely stated that this shipment was the only alternative to a default in the payment of the bills that are maturing on June 30th. It is understood that arrangements are being made for the deferring of the maturity of Australian debt to the Westminister Hank.”

The “Financial Times” claims that while gold shipment was most undestr able, yet its rejection opens up the question of bow the Commonwealth bill are to be met on June 30th. :i says default is out of the question, and adds:—“One wonders what help the Bank of England will accord Australia in her hour of need.” The “Daily Herald” says“lt would appeal to public opinion if Aus tralia. by steadily closing all uneconomic avenues, made it possible to escape from gradually forcing .Mr Scad lin into a position which means resignation.”