BRITISH POLITICS.

Taihape Daily Times, Volume XII, Issue 3660, 23 December 1920, Page 5

BRITISH POLITICS.

EXCESS PROFITS ONLY. Received 10 a.m. LONDON, Dec. 22. The Treasury denies the reported abandonment of the excess profits '*»*. . :f.mM ,NEW JUSTICE BILL. 4 '. ■\ LONDON, vec. 21. < The House of Commons iread a third time the Administration of Justice Bill. Clause 9 deals with the enforcement in the United Kingdom of Judgments obtained .. in superior courts in other British Dominions. Asked whether this involved reciprocity -with the Dominions, the Attor-ney-General replied that the function of this part of the bill was to make provision for the reciprocal enforcement of a judgment as between the United Kingdom and other Dominions. TWO BYE-ELECTIONS. BOTH WON BY LABOUR. Received 10 a.m. LONDON, Dec. 22. j The bye-election for Abertißery ' L resulted: Backer (Labour) 15,492, ! J. Hay Morgan (Coalition) 7842; The West Rhondda bye-election resulted: John (Labour) 14,035, Rowlands (Coalition) 9*959. FARROW'S BANK SMASH. p PRINCIPAL ARRESTED. LONDON, Dec. 22. Farrow is ill, and the police are guarding him at his residence at Hastings. Orotch, a director, has also been arrested ana charged at "the Mansion House with Hart, the accountant, for circulating a false bal-ance-sheet, and conspiring with Farrow to induce persons to advance moneys. * The .Public , Prosecutor's counsel said that the bank was hopelessly insolvent and there had been a heavy annual loss in trading in the last nine years amounting in the aggregate to upwards of a million, yet ~- the accounts were manipulated to J show a heavy profit. The failure was due to unsound methods of finance and reckless trading, which must have resulted badly at any period and in any conditions. The men were remanded for three weeks, and were bailed, Orotch - in £40,000 and HaTt in £20,000. FARROW REMANDED. Received 10 a.m. I LONTOON Dec. 22. . Farrow has been brought to London' and charged at Mansion House. He was remanded on bail for £28,000. ■'J SB gggg '-'■—" ''