GENERAL CABLES.

Taihape Daily Times, Volume XI, Issue 3391, 21 January 1920, Page 5

GENERAL CABLES.

, ~——:——-1-§__,——j.... G-ÜBHRNATORIAL CHANGES.

Received 10.55 a'.m

LONDON, Jan. 20.

Sir William Allardyce, Governor of the Bahamas, succeeds Ml’ Newde-gate in. Tasmania.

THE PRINCE Ol’ WALES. . A REPORT CONTRADICTED. . Received 9.35 am‘. LONDON, Jan. 20. The Australian Press Association has been requesfied to ‘deny the report that the Pfince of Wales returns from Australia via Canada. ...___ _ 5 THE PRICE OF PETROL. .

LATEST AMERICAN QUOTATIONS.

Received 10.55 am.

NEW YORK, Jan. 17.

Pe’t.r.oll_, 60 to 62 degrees, in steel containers, is afi 26% cents wholesale, 28% retiail; 68 'to 70 degrees, in steel containers, 32§- cents wholesale; 72 to 76 degrees, in steel containers, 351: cents wholesale. 7

B RITISH LOAN RAESING.

INTEREST FREE OF INCOME TAX Received 11.50 a.m. . LONDON, Jan. 20. Newspapers, commenting on the nmv British five years, 52 per cent, loan, emphasise the special feature flhat the loan is redeemable under five years at the option of the -holder, by notice given, January 1921, 1922, or 1923, 1-equmng repayment twelve 1110nvt1},S late-r. Another feature is the new bonds and! thle interests are exeanpt from British taxation, including inc-o<nle -tax for holders' not resident in the United ‘-Kingd-om. The object of -this loan" is to replace liti-gations totalling -about two hundred millions ma-fiur-img in the presimt year.

THE FRENCH PRESIDENCY.

DESCHANEUS OVERWHELMING VICTORY.

Received 9.35 a..m.

PARIS, Jan. 20.

Deschanel was elected President on the first, bal-lot, Se-curi-‘mg 734 \'(lt*9s, Jonnaert 66, Clemenceau, in despite of withdrawal, received’ 56. DesCha!l‘;?l’S vote is: ‘ohm largevsut ever recorded in a. fil~stlb.a];lot. On Deschanelfs motion Congress adopted the meissage to |'.7lemencea.u expzlhssing gratitude for his unforgettable services.

THE COST Ol‘ LIVING_

DUE TO‘ LIMITED SOURCES,OF

SUPPLY.

SOURCES MUST BE INCREASED. I Received! 11.50 am. I - LONTJON, Jan. 19. Food Controller, Roberts, in a. ispeecsh, exprss-sod his conviction that the upward tendency of the cos" *3: liv.ing was due to decreases at the source of supply. The only way out of this impassh was to discover new sources, and ‘thus re--establish competition. He ab'lrored'tra.ding with Bolsheviks, but he had: to recognise the stringency in Britain, due to being cut off from Russian suppliiers». He asked, which was the Wiser policy, to en-dea.vour to tap these» sources, or risk still higher »pric)~-5?. If it was possible with honour, to resume trade with Russia they could undoubtedly open up a vast new a.venue~ of wealth, and cmp'lroyamen‘t; if they did not he was convinced Germany and Ameuri-ca ‘ Would. . y

Roberts mentioned that for some" time past he had been in communication with Russian CO-ops3rativt-Agencies. which survive despite the Soviet _op-presvsion, and to-day were operating in Soviet territory. Colo‘n33nl Vvard, in a speech, emp-hat-ically condemned‘ opening up relations with the Soviet_ He declared no such -thing as a. Co-operative Society, or Trade Union, wxi-ste=d' under Soviet authority. He related an invstanee of Soviet confiscation of trade nni-on -property, and funds on the ground that it was in the capitalist regime, and relationship of \employer 'e.n~d employed had ceased to exist, and therefore, trade ‘unions. were no longer I‘l_éc73/‘s-_-~ sary‘; V,

Several members of a. subcommittee investigating the pride of wool issued a. state-ment inviting the public to await the report of the Subcommittee. They point out that no investigation is yet bhguu regaa-ding the cost 01;‘: product.ion and distribution of , yams, and profits ar,i-sing from this operation, it is therefore suggested, that any reporig on yarn profits, are only -gue__ssM-§ Work and therefore \lrlisl).3a.drin.«g,