GENERAL CABLE NEWS

Taihape Daily Times, Volume 7, Issue 185, 16 April 1915, Page 7

GENERAL CABLE NEWS

BRITISH TREASURY BILLS. IN HIGH DENOMINATIONS. Press Association —Copyright LONDON, Apri.l 13. The Treasury hag decided to issue from th:3 14th inst, bills in denominations, of £IOOO £SOOO, ajid £IO,OOO at a fixed discount rate, subject to variaions from time to time with a currency of 3,6, or 9 months. EDISON'S LATEST INVENTION. BATTERIES FOR SUBMARINES. . NEW YORK, April 14. Edison announces a new submarine storage battery enabling a craft to remain ten days submerged without danger of chlorine poisoning to the crew. The battery gives an under-water range of 150 miles.

BRITAIN'S DRINK PROBLEM.

CABINET STILL UNDECIDED. LONDON, April 14. The Daily Chronicle says that thn Cabinet's drink policy is still unsettled. Two committees are inquiring and have asked the opinions of experts like Mr. Thomas Whittaker and Mr. Seebohm Rowntree, Labour leaders, and leading business men. It. is certain that the Government does not. eo:-.-template universal prohibition, bit will probably submit restrictive measures including, the prohibition of the manufacture and ale of spirits, reduction in the aleoholic strength of beer, the hours of salo not to exceed five, the closing of public-houses near factories, mines and workshops, and the compensation for interests affected. The Chronicle confirms the state* ment that the Cabinet is considering an elaborate memorandum with a view to eliminating private . profits in the sale of alcoholic liquors, the State acquiring breweries and licensed housea at a cost of three hundred millions. N.S.W. LABOUR CONFERENCE. SYDNEY April 14. The Labour Conference diseuased the Upper House question. The Hon. Holman was severely heckled for promising the appointment cf men who had not signed the Lrtbonr ■pledge. Mr. Holman stuck to his gunM, and appealed to the conference to leave the matter in the hands of the Ministry. .' If it wero unfit to discharge ■■■■ ' : task of this kind it was unfit to be in power. -It, was resolved that no on<shall be nominated to the Upper House who hr.s uotjjeen a member of an t>f> : a ted union for three years previously :!iid who Irs not paid the rcftognise<l 'standard-standard wni*s in ;<•? :v-''":•- !:•]■ indus**"" or calling d "'■f?, tlio*'' three years. WHEAT ACQUISITION. ENORMOUS PROFITS MADE (Reed 9.45 a.m.) SYDNEY, April 15. Mr Hall states that wheat acquisition resulted in a profit of £17,000, and will probably conclude operations with a surplus of £25,040. It wa 8 the most successful business ever embarked upon. A SINGER'S WILL. AN ENQUIRY INSTITUTED. MELBOURNE, This Day. The legality of the late Madame Ncrdlca's 1010 will is questioned. It is alleged that she drew up a second will at Thursday -island, cutting out her husband, George Yound, from any share in her estate. Hartlett, the American Vice-Consul, is proceeding to Thursday Island to enquire into the matter. •"■ ■ w ' il ''tf{'.'.§|]^