GENERAL CABLES
RECEIVED BY THE KING. .United Press Association.—By Electric Telegraph.—Copyright.) LONDON, December 16. His Majesty the King received Sir Munro Kerr, who is relinquishing Ins Naval Board appointment. TO REMAIN ON GOLD. SOUTH AFRICA’S DECISION. CAPETOWN, December, I®. General Hertzog, Prime Minister of South Africa, sneaking at the Mgaans Day celebration, declared: “A« long as there i s a Nationalist Government, South Africa wjll remain on the gold standard.”
CREDIT POSITION IMPROVES
LONDON, December 15
■lt is learned authoritatively that despite the accumulation of credits in London, there is every probability that the Commonwealth Treasury Bonds wifi be renewed from January 1.
It is pointed out that, though credits are building up owing to the satisfactory balance .of trade, the accumulation by December 31st is hardly likely to be sufficient to repay capita), a' well as meet- the . -Commonwealth's large interest liabilities, In the event of renewal, the bill? will, most likely cost a little over seven per cent.
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Hokitika Guardian, 17 December 1931, Page 5
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160GENERAL CABLES Hokitika Guardian, 17 December 1931, Page 5
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