GENERAL CABLES.

Taihape Daily Times, 2 July 1918, Page 5

GENERAL CABLES.

o A WAIL FROM DAILMER COMPANY

DIVIDEND ONLY 30 PER CENT.

OWING TO WAR CONDITIONS.

Received 9.20 a.m

LONDON, July 1

The Daily Mail's Amsterdam corre-1 spondent says the general meeting of the Daimler Company was a mournful event. The chairman said since placed under military control the prosperity of the company had been endangered. The company pays £1,550,000 in taxation compared with Krupps' £1,550,000, but Krupps was an infinitely bigger concern. The Ibank balance was £21,500,000 in 1916. now it was £15,800,000, although £7,000.000 had been advanced by the military authorities. The dividend of 30 per cent would be continued by the company drawing on the capital. CENTRAL POWERS' FOOD TROUBLES. POTATO RATION REDUCED. I Received 9.20 a.m. AMSTERDAM, July 1. A telegram from Vienna states that the Emperor Karl, owing to unsolvable difficulties in food shortage, wrote to the Kaiser. A conference, held at headquarters, in which the Hungarian Pood Minister was participating, stated that an agreement had been reached for the joint systematic utilising of all grain stocks until the new harvest.

Berlin officially announces that the potato ration has been reduced froic seven to throe pounds weekly, four grammes of cereals being substituted. -• NATIONAL SHIPYARDS MUDDLE. FOUR MILLIONS WASTED. Received 8.50 a.m. The,. Select Committee on Public Expenditure reveals a useless expenditure, -of .nearly .four.rations, .sterling upon, public shipyards.? ~.Trhe -Admiralty embarked..on the scheme without any estimate of cost, and finally decided to establish thirty-four berths averaging £120,000 apiece, exclusive of the cost of the land. ...Only a fewberths have as yet 'been completed, though the four millions is spent. is now found impossible to employ military labour or prisoners fOr the ! construction of ships as contemplated. As civilian labour is practically unobtainable, it has been decided not to build ships in the national yards,.,but to develop the construction of' fabricated ships in private yards'.'' ~ • SOCIALISM AND PEACE. .Received 9.20 a.m. ,■; r., AMSTERDAM July 1. .* An Austro-German Inform^ favoured peace if an understanding could be ! arrived'at on-"the -basis' of .the Stock-' holm declarations, ibnt *not on the basis proposed in the Entente Socialists' memoranda. EXCHANGE OF WAR PRISONERS. Received 8.50 a.m. THE HAGUE, July 1. The Prisoners of War • Conference resumed to-day. and is expected to conclude early in the week. Sir Geo. Cave stated it has been difficult to arrange the exchange or prisoners, but entertains hopes that they will come to a reasonable agree--1 ntent. AN ECHO OF THE BILLING CASE. Received 8.55 a.m. AMSTERDAM, July 1. Berlin papers deny the existence of the Black Book mentioned in the Bi!:1 ing case. They had not heard of it prior to the case and declare that Captain Spencer did not serve Prince William of Wied or the Albanian Government in any capacity. (The Black Book above referred to figured in the case for libel which had a dramatic turn, some two weeks ago. The book is alleged to have contained the names of 47,000 people in Britain who were supposed to be susceptible to German influence, and contained among other well-known names those of Mr and Mrs. Asquith, Justice Darling, and Lord Haldane.) DUTCH POTATOES, THE HAGUE, June 30 Official.—The Government has agreed to export new potatoes equally between belligerents. Germany has undertaken to send tons of coal to Holland during July. The Telegraaf states that waggon loads of new potatoes are now beingexported to Germany daily and there are protests against this course, bocause famine is expected in Holl'anu j ;:■■., next winter.