MOTHER COUNTRY

Lyttelton Times, Volume CXVII, Issue 17282, 25 September 1916, Page 8

MOTHER COUNTRY

BRITISH TRADE. NEW' BANK RECOMMENDED: EMPIRE'S POSITION AFTER THE WAR Australian and N.& Cable Association. LONDON, September 22. The Board of Trade Committee which investigated the question of financial facilities for trade, recommends .the establishment of a Chartered British Trade Bank, with a capital of £10,000,000, which would not interfere with existing banks and financial institutions, but which would fill the gap between the Home 'bankers and the Colonial, British and Foreign Banks. The new institution must be equipped with an up-to-date information bureau to ascertain new business openings, etc. ! The 'Committee adds that there are strong reasons for its immediate formation in view of the certainty of the enemy's efforts to regain his position in the world of commerce and finance after tho war, and the possibility of unemployment being rife in Britain unless now markets are exploited. It is, therefore, desirable to ascertain in advance the requirements of foreign countries, and the whereabouts' of raw material for our industries. 4 ' LIQUOR REFORM. EFFECTIVE IN SCOTLAND. . Reuter'i Telegrams. LONDON, September 22. Lord D'Abernon, presiding at the Liquor Board in Glasgow, stated that restrictions had resulted in decreased consumption in Scotland, especially of (spirits, and drunkenness had considerably decreased. . ~.-■/ KILLED IN ACTION. NEW ZEALAND OFFICER. Australian and N.Z. Cable Association. (Received September 24, 5.5 p.m.) LONDON, September 23. Lieutenant Thomas Cecil Higginson, of the Grenadier Guards, a New Zealander, has been killed in action.