GENERAL CABLES.

Taihape Daily Times, Volume XI, Issue 3468, 23 April 1920, Page 5

GENERAL CABLES.

JELLICOE SAILS IN AUGUST.

Received 10.10 am.

.LO'NDON, ‘April 21. Lord Jellicoe sails for New Zealand early in August via Panama. A

STEAMER DISABLED.

Received 10.10 21.111.

A wireless from Mauritius states the steamer Palma is towing the Australmead, which has been disabled by heavy seas, which SW6-pt the decks, Carried the mooring rope -overboaul and fouled the propeller. The Paiima later lost the towline, but is endeavouring to pick it up. NAVAL PRIZE‘ FUND. Received 10.10 ~a.m. ' LONDON, ‘April _2l. The total amount of the naval prize fund at present is £5,600,000, which will suflice To make one share worth 50/. It is officially stated the final amount is not yet estimable, but s-om-3 unofficial estimates place the figures as high as ten millions. Distribution begins forthwith.

BRITISH BUDGET. ] 1 CHANCELLOR REPLIES TO V CRITICS. LONDON, April 21. In the House of Commons, Mr Chamberlain, replying Uo‘ Budget criticism, said he did not apprehend that the increasein wine duties would appreciably increase the diific‘uliir_-s uf France, Italy and Portgual. The French proposal to drastically restrict the importation of luxuries would atfect British trade, but we had not complained because neither the French nor British action "was unfriendly :01‘ retaliatory. It was ;~:i.npiy due’ to the necessity of restrictiiig expenditure and raising revenue'to meet obligations. He emphasised ithr: immense things: the nation was doing in facing its responsibilities. He intended to stand by the '()ri;_.,*‘iilal proposal 'to increase the excess profits‘ duty to 6i]:pel‘ cent, ‘bnt VJO'ui_tl rec it theiincrease in the event of var weia_'lrii_ taxation being introduced. iié wouldbe ‘disappointed it‘ there was not a furtherivast reduction in -Ihe public expenditure during fh-2 ciiri---.211" year. ' V ' I ’ '

COMMERCIAL AND FINANCIAL

OPINIONS.

_ Received 9.25 am. ‘ LONDON, April 21. The Mercantile Community is strongly opposing the excess profits tax. Mr Manhille, M.P., President of the Associated Chambers of’ Commerce, at _the annual meeting, strongly condemned the increase, which was bound to seriously, handicap the countl'y’s trade. _ The Council of ‘the Fe<lerati'on of British industries passed a resolution against the tax. A national prominent authority states while the increase may cause some (limi‘n‘ution in ‘the flotation of new industries, the falling—oif won’t be sufficient to impair ‘the monetary position as aifecting the forthcoming colonial issues.

The tone of the Stock Exchange has improved on the impression that the proposals will be modified, if not withdrawn. V‘

_ THE WINE DUTIES. CONSTERNATION IN FRANCE. 3 Received 10.35 mm. ‘ PARIS, April 22. _ The British Wine duties have caused consternation among the wine growers, and it is_ believed will practically amount to prohibition. The National Wine Association has been summoned to consider the situa‘t~ion.

GERMAN LOAN IN U.S.A

Received 10.10 a.m.

PARIS, April 21

The Echo de Paris learns that the town of Dafmstadt has concluded a loan of ten million marks with the Zimmerman Bank, New York. This is ‘the first German loan issued abroad since the war. "I

STRIKES IN ALSAGE-LORRAINE.

Received 10.10 a.m.

PARIS, Arprfl 21.:

There is a general s'fl‘ike in AlsaceLorraine, and the gas supply has ceased at Strassburg, also the trains. Newspaper}; }iaire- ceased publication.

ECHO Ol‘ SENSATIONAL CASE. Received 10.10 am. LONDON, April 21. Ijady George Cholmondeley obtained an 'undefended restitution decfee. She was formerly Mrs Stirling. This recalls the sensational 1909"'case. wherein Mrs Atherton and Lbrd Nqrthland (Lord ~Ranfui‘ly’s son), were ménfioned.

THE SAN REMO CONFERENCE.

OVERWHELMING DIFFICULTIES.

FRA'N'CE‘ STANDS: ALONE.

PESSEMISTIC ‘FRENCH CRITICS.

Received 9.10 a.m. LONDON, April 21

The Daily Chronicle's special San Remo correspondent, summarising the inner history of the conference_, says when M, M-illerand, Signor Nitti and Lloyd George met, the latter laughingly remarked: “Well. here We are in a paradise, but which is the serpent?” The press says Lloyd George is by far the strongest man, but is painfully torn between the deep conviction of the necessity for a reasonable attitude towards Geiinany and a deep sense of .Fra.nce’s wounds and difficulties. Nitti has some resemblance to Lloyd George, which gave rise to a irralignunt charge that Nitti has an inclination towards the restoration of the old understanding between Italy and Germany. As a fact Nitti has the wisdonl to recognise the peril of any policy of adventure at the present ‘time. It is unfair to say M. Millerasd is the serpent, But he has inherited a role of immense difficulty from Clemenceau. The French Conservative Militaristic Right is now trying to drive Millerand to extremes. Other leading Frenchmen profess to be utterly hopeless of France getting repal‘ation on the security promised by the Versailles Treat. They regard the Berlin Government as :a feeble effigy, and a Junker Government is possible at any moment. The AngloAmerican Convention, -on which France relied has become valueless owing to the ‘Americans’. attitude. Thty point out that England cannot be relief upon for immediate and substantial aid; Italy is even less reliable. There is no Russia to aid France. Consequently, France stands‘ alone to face the future peril. These critis urge the sooner Germany_'s infractions of the Treaty are punished the better.‘ . I‘

SAN REM-I‘), April 21

A special Allied Commission is go-. ing to Klll*dista.n to inquire into’ con»d.it;ionsAand’re'p(ort to’ ‘the’ Sunreme Coun¢‘cil”at Paris.‘ V: " ‘V A The German delegal;ion "has presented three Notes, Wvith a request that they be sent 'to’San 'Remo. The first asks a. decision. regarding the ‘number of German ‘troops permitt’ed in the neutral zone, and also asks permission to increase the number of artillerymeng the :s*ecio«ncl asks pei-mis~ sion to double‘ the". strength of the Reichswehr; the third asks‘ for permission to maintain G;enél'a_l Staffs, create railway companies, and aviation groups, also permission to re—establish heavy al't‘lfié'ry. 5

ENTENTE DIFFERENCES. AND GERMAN A'RROG‘ANCE. _ Received 8.50 a.m. V _ T _ LONDON, April 22. Though the supposed differences between England, France and Italy regarding the necessity of exacting full compliance with the Peace Treaty from Germany are at present only based on rumours, they are taken with extreme seriousness in France, Where the newspaper-s.,almost unanimously fear Germany will be allowed to escape ‘fulfilment of the Teraty obligations. The commonest ver-sion is that Nitli desires a revision of the Tre:lt:y in Gernlany’s favour. Millerand denmnds strict. compliance, while Lloyd George occupies :1 ‘.-..idposition. It is uncertain how far he will incline to one side or the other. Some ‘French newspapers assert the next few days.» will decide the continuance 01' the dissolution of the l?n—----tente.

Cont9lllDOl'all€olls with Germzmy’s Triple Note is the increasing frankness of German newspaper colnmem.. A psortion of 'the press openly hope to ‘benefit by the Entente disagremnc;-nt, and are beginning to demand a revision as a’ matter of right. The impresision is current in Germany that Lloyd George agrees with. Nitti in pr_inciple but is nofyet agreed on -;-he means.

AN UNFAVOURABLE SITUATION. ENTENTEI END*ANG.E'RED. ' Received 10.10 a.m. LO-NDON, April 22. Mr Ferris states if Germa.ny’s dis~ armament is not -completed and coal delivered, the Rhine frontier should be made definitive or the Ruhr Valley occupied." A struggle is 331115’ 011 behind the scenes to impose theise Views upon the three Premiers. This is a. grievioug spectacle, “and illustrates the ineffectuality of democratic parties to deal with ‘international matters. There is denger of the Civil Government of Frelnce lbeing pushed into further separate action.. The morale of theVEn'tente will thus be broken, which will be a calamity. Mr .Ba.lfour has lbeen summoned to San -Remo. An unfavourable symptom is that

M. Millex-and and Signor Nitti are-de-sirous of returning to their own countries on Sunday, giving no time to sift the situation.