REPUBLIC OF IRELAND.

Taihape Daily Times, 28 August 1919, Page 5

REPUBLIC OF IRELAND.

THE SINN FEIN HOPES. LONDON, Aug'_ 26. The prospectus of the Sinn Fein internal loan states that the ‘issue will be £250,000 at five per cent, payable six months after the Irish Republic receives international recognition and the English have evacwa.te'd Ireland. Bondholders may redeem at 5 per cent within twenty years of. the Republic's recognition. The loan will be used for the propagation '\of the Irish cause all over the vvdrld; ‘establishing ‘foreign consular service; promoting Irish trade; fostering Irish industries; «and generally for national purposes as the Republican Parliament directs. A NEW SIGHT. LONDON, Aug. 27. The American steamer Ashburne left Cork for Rotterdam flying the Sinn Fein flag at the masthead and the American‘ flag at the stern. CONQUEST 01‘ THE AIR. THE INTERNATIONAL AIRPLANE RACE. NEW, YORK,’ Aug. 27. Lieutenant Plucmb and Lieutenant Maynard, both Anrerieans, completed the flight from New York to Toronto and back in the international’ airplane. race. Both encountered severe weather conditions. Major Schroeder, an American, will probably be ith‘-e winner of the airptane race. He completed the trip from Toronto to New York and back in 575 minutes, despite bad weather. A SEAPLAN-E RACE. LONDON, Aug. 27. Hawker has entered for the interna-,-tional seaplane race on September 19, consisting of ten laps of twenty m'iles, the‘ course , embracing Bburneniouth, Swanage, ;and;‘Qhris‘tcl_lurch.‘, Italy and Franc,-e.»,are, -compe‘t‘_ing._,_ The . prize is 2_5,000 francs, and ,a,trophy,.of similar value.~.:--~--._-_. ;,;. .. BRlTA.‘_[N__’S INDUSTRIAL, , ON-L-Y, ._I"RODU,C_T,IO_N_ .. CAN AVERT CHAOS,’-, . LONDON, Aug. 27. ‘ Mr Brownie, chairman of the Amalgamated Engineers, has Written to Mr Bowerman, Parlianrcnztary Secretary of the Trades Union‘ Congress, drawing attention to the grave naitional situaa tion. He says ‘only increased’ production can avert chaos. Trade unionists cannot evade their responsibilities to the community, and labour leaders must endeavour to alleviate the situation. Merely increasing wages, without increased production, will not serve. Mr Bowcrman admits the seriousness of the questio‘n. He says trade Unionists must concentrate Itoniensure increased outpuit. He will circular-ise the congress committee with a view to Congress taking action. '

REORGANISATION OF TREASURY ,' T CONTROL, _. .: LONDON, ‘Aug. 27. Cabinet's finance committee's scheme for reorganisation of Treasury control of State expenditure establishes three departments within the Treasury, under controllers, to deal respectively with establishments of supply, services and general financial adIninistration. CONSTRUCTION OF SIXTY VES. SELS SUSPENDED. LONDON, Aug_ 26. The Admiralty has suspended the construction of sixty large cruisers, destroyers and subnlal‘incs in twenty Yards. An expert committee is considering whether the ships should be broken up or the hulls completed with 3. View to conversion for mercantile purposes, for which many smaller craft are suitable. The suspension of naval construction works on the Clyde affects 10,000 workmen, of whom 8000 will be immediately absorbed in the building of merchantmen. Consstruction of the new super—airship at Inchinnon is also suspended. ‘ALL UNNECESSARY EXPENSE MUST GO. LONDON, ‘Aug. 27. Mr Lloyd George, in a letter to his colleagues, dated 20th inst_, urges the immediate cutting down of expenditure, for which there is‘ a strong ‘feel. ing in the House of Commons, the Press and the country. The time, he states, has arrived for each Minister to impress on the heads of various branches of administrative depart. ments that if they cannot reduce expenditure they must make room for somebody who can. Everything in excess of what is indispensible to sound administration must be out down.