GENERAL CABLES

Hokitika Guardian, 17 June 1932, Page 5

GENERAL CABLES

TRADE AGREEMENT FAILS. (United Press Association—By Electric Telegraph.—Copyrig l ”".) OTTAWA, June 16. Negotiations, which have been .proceeding for seme weeks between the French and Canadian Governments, in an endeavour to effect a provisional trade arrangement to replace the one expiring on Thursday night, have not been successful, it was announced on Thursday. RAILWAY .SPEEDING. LONDON, June 16. A new European -railway speed record will be established when th e retiming of the Manchester-London express comes into operation with the new summer schedules in’ a month's time. . The express will cover 177 miles in 172 minute^.}*

BRITISH WIRELESS LICENSES. LONDON, June 16. It wag stated in Parliament that the total receipts from wireless licenses for the year ended March 31st were ..£2,294,438. -Ten per cent, of that sum is retained by the Post Office to cover the cost of- collection and admin'st,ration. The payment to the British Broadening , Corporation from the wireless licenses amounted t0’£1,225,709. 1 ■ , EXCHANGE POOL., LONDON, June 10■The “Sun” representative isays lie is informed that certain quarters in London consider it certain that the Bank of New South Wales will take independent action to raise the rate directly the New Zealand exchange pool is dissolved. This might compel other banks to follow. It is thought likely that normal forces will quickly lead to a reaction, even though market conditions are- at an unjustly higher rate than at present quoted. Representations are being made to Mr Forbes to prevent further Government- action to prevent a rise in the exchange before Ottawa.