GENERAL CABLES

Hokitika Guardian, 28 December 1931, Page 6

GENERAL CABLES

•SPANISH QUEEN’S JEWELS. (United Press Association.—By Electrio Telegraph.—Copyright.) LONDON, December 26. It is reported that the former Queen of Spain has opened negotiations regarding Royal, jewels which are -said to have been smuggled out of Spain when the Royal Family left the country last April. The collection is reputed to be valued at £600,000. GOVERNMENT’S FIRST JOB. TO CONSIDER N.S.W. POSITION. x SYDNEY, December 28. “The “Telegraph” says that one of the first things that the New Federal Government is likely to consider is the finaii'ial position of New South WfJ.s, which would raise the .possibility of this State being practically declared a bankrupt. ' The loan council will possibly consider Mr Lang’s application for an approved bank issue to cover the cost of the Eastern Suburb's railway, on condition that Mr Lang makes good the defaulted interest, and fully honours his promises to the Council.

Unless steps are taken to place New .South Wales in a solvent condition, the necessity for installing a receiver will become urgent. The latest scrutineers’ reports 'indicates that Jock Garden retains a slight lead in the Reid seat. The final counts are being announced to-day.