GENERAL CABLES

Hokitika Guardian, 31 July 1931, Page 5

GENERAL CABLES

A DENIAL, [ United Press Association —By Electric Telegraph.—-Copyright.) LONDON, July fiO. It is officially stated there is no truth in the report of the Royal Mail Shipping proprietary trustees willing to disperse fleet. LLOYD GEORGE. (Received this day at 9.25 a.m) LONDON, July 30. Lloyd George bad a restful night and his condition is satisfactory. BANK RATE 4}%. LONDON, July 30. The bank rate is 4| per cent. PIRATES IN CHINA. (Received tin’s day at 10.15 a.m.) SHANGHAI, July 30. The British steamer Luenbo whs held up b/' pirates at Chinkiang, who ransacked the vessel, taking fifty thousand dollars of opium from coal holds. The passengers were not molested. SILVER CURRENCY. LONDON, July 30. The “Sun Herald” is able to announce that the Canadian Prime Minister is expected shortly to call a Conference to re-estabish a silver monetary unit, as a means of mitigating the world depression. It is lea.rnt that the proposal was intensively discussed in London. Paris, and New York where it is considered the initiative had best come from a Dominion where bimetallism has not been a live political issue. CALBES COMPANY TROUBLESLONDON, July 30. At a meeting of cables and wireless shareholders, B. James said the Company had not received the wholehearted co-operation of the Australian and Indian. Governments. British members of tlie Cabinet had gone out of their way to employ American brains plainly to compete with the Company. “They not only don’t like us, they hate us.” The Chairman, J. C. Denison Pender. said he hoped with the aid of the Advisory Committee and Bank of Engand that a different atmosphere would be established in the Company’s favour. GANDHI’S REGRETS. CALCUTTA, July 30. Writing in the Journal ‘‘Young India” Gandhi confesses he was led away by popular enthusiasm to support the efforts to secure the commutation of the death sentence on Bhaget Singh, the ■Lahore terrorist. 'He adds.—lll's mad worship of murder is doing incalculable barm . The result is brigandage and degradation. He warns Congressmen that the independence movement will soon lose its charm if thfv bttrav their trust and encourage the terrorism cult. At the same time he warns the Government that retribution and repression will not do.