GENERAL CABLES

Hokitika Guardian, 2 December 1932, Page 5

GENERAL CABLES

LONDON 'STOCK EXCHANGE. (Uuited Press Association—By ISlectric Telegraph—Copyright) (Received this day at 8 a.m.? LONDON, December 1.

Thursday on the Stock Exchange was a day of gigantic monetary’ transactions. Nearly seven hundred million pounds sterling were involved in the day’s turner. A message from Lombard 'Street stated that most careful preparations will not disturb -the flow of credit or prevent a money squeeze. The “Daily Telegraph’s” city editor expects an expansion of the available credit will lead to a hightened demand of first class investment stocks.

ARMY STAFF APPOINTMENT

LONDON, December 1

General Freyberg has been appointed as a general staff officer at the War Office. Tn e appointment is effective, in 1933. >

SUBMARINE M.2.

LONDON, December 1

In the House of Commons, Mr Eyres Monsell said that the cost of the. attempts to raise the submarine M.2 bad already been a thousand pounds but the' Admiralty had gained valuable machinery and! experience. The submarine will be abandoned if the next attempt fails. SIR THOMAS WILFORD. LONDON, November 30. Sir Thomas Wilford will attend the special League Assembly on December 6 to deal with the Lytton Report, probably lasting three days. NEW ZEALAND DAY. LONDON, December 1. Sir Thomas Wilford was re-elected president of the New Zealand Society which i s ifiaugurating the annual New Zealand Day in London, with a dinner on the Bth of February, the anniversary of the signing of the Treaty of Waifnngi in’ 1840.