FOOD PRICES WILL SOON DECREASE

Taihape Daily Times, 15 September 1919, Page 5

FOOD PRICES WILL SOON DECREASE

MR H()()VER'S PREDfCTIO'N.

Received 9_5 a.m, NEW YORK, Sept. 13. T Mr Hoover, who has just arrived from Europe on board the Aquatania, interviewed, said he predicted a worldwide decrease in food prices. before long. He warned the people of the United States against allowing enormous surplus of food supplies to collect in the country. If the United States did not establish credits abroad the country would face difficulties a:1 result of great over—production. Speaking of conditions in Europe, Mr Hoover said production was far below what it was at the time of the a1'111is; tice was signed. Normal Condil.lO_2lS' would not return until the Peace Treaty was ratified by United States in New York.

FISHER ON BATT’LEGROUND OF FUTURE.

Received 9 a.m. LONDON, Sept. 13‘

Lord Fisher declares that the problem of designing anew British navy im_mune from air attacks, and combining economy of construcaion and highest eflicioncy with continuously fresh ideas, is associated with the question where will the next‘ battle—grounc.l be, andwith whom will the fight be. Fisher asks, “ls it to be with the C‘hinosr.\ and Japanese,” he asks, and adds, “Personally, I expect another Eastern exodus to Europe, and sizniiltarzeous movement westward across the Pacific.- Thui ocean -holds -the fu.-‘unn Every fourth baby born into the world is Chinese.” After considefifig Americ’s ambitions and internal strength ,Lord Fisher points out there are his--torical proofs of kinsmr.-.n’s liability to quarrel. Lol‘d Fisher concludes that an Anglo-American fight is inconceivable, and asks “Cannot American and English navies dominate the world at any_t_ime?r Simply tell all others to buildbno morecshipsi or we will-afig‘-ht you.fhcre and now.” V~ . RECONSTRUCTION or J.-*RANc::_ V LOYA L ‘CO-:_OPERA’,I‘ION er . GER; V ‘ ‘ MANY. l Received 9.5 a.m_._-

PARIS‘, Sept. 13.

M. Loucheur, Minister for. Reconstruction, speaking in. tlie_ Chamber, said the Treaty Enables France to become great and pacific. Germany was loyally co-operating in .the 1-estitutior. of stolen goods. The eGrmans ha! already restored securities‘ worth 320,000,000 sterling. French mines will be resfored in 1924, meanwhole Ger-' many will supply twenty vln_il.liCm "tons annually. V It was not in. France’s interests that" Germany be destroyed economically_. The Treaty doubles 'France’s resources of iron " ore, increases her coal output by seventeen million tons. gives her -oil wells, puts steel production on a level with Germany and England, and enables her to increase her expéfis of cotton and raise the production. of potash. SOUTI-I'AI'RICAN POLITICS_ STRIKING PASSAGE O-F ARMS. BETWEEN SMUTS AND HERZOG.

Received 8.30 am, CAPETOWN, Sept. 1:3

The conclusion of the debate on the Mundube Bill was marked by 11 striking p:lss:lg'e befwoen Smuts and Hertog. Rof'ol'rillg to {L previous (lo(3lzlraf:ion 1))’ the Nzxfionalist mmnbor that the Nationalisfs woulfi abandon ngita.ti.ou on the rpstoration of the old republics, Smuts challenged Hertog to say whether it was ‘the policy of his party to work for secession of the Union as a whole.

Hertog replied evasively that it was a matter for the Nationalist Party Congress to decide. Smufs, continuing, s7lid the (I\los«tion was Whether the Union had HlO righf to secede.

Hertzog, 'interl‘up’ting, qlwrl'ie("i “Yes ‘or no?”

Smuts answered: “My I'opl_\' is absolutely no.” Referring to the qu(‘..<’tiOn of veto, he said in -ordinary law there was no’ such 'fhing as veto. but it was the duty of the King fo vet-0 any law under whichflthe Union I'ni;__>'ht secede from the Empire; thel'el’ol'('»s(‘c(‘sSion was impossible collstil'ut'ionnll_v. and only possible by revolution; .