MOTHER COUNTRY.

Taranaki Daily News, 1 November 1918, Page 5

MOTHER COUNTRY.

THE GOLD STANDARD. A COMMISSION'S RECOMMENDATIONS. Received Oct. 3L 7.45 p.m. London, Oct. 30. Lord Cunliffe's committee's interim report states that it i? imperative the conditions necessary for the maintenance of an effective gold standard should be restored without delay after the war. To effect this Government borrowing must cease as soon as possible after the war. The machinery for making the bank rate effective must be kept in working order. The issue of fiduciary notes must be limited by law as soon as practicable. The early resumption of the circulation of gold coin is not necessary or desirabln. While the import of gold should be free, all restrictions on export should be subject to the condition that such gold bullion has been obtained from the Bank of England. For the purpose, all ,tiie conn try's gold reserves should be held by some central institution. All bp.nks should transfer any gold they '.hold to the Bank of England. POWER OF THE KAISER. IN NO WAY CURBED. Received Oct. 31, 7.15 p.m. London, Oct. 30. In the House of Commons, in reply to a question, Lord Rosert Cecil stated there was no evidence that the power of the German Bundesrat had in any wise been mollified. Secretaries for State were appointed by the Kaiser, and they presumably were liable to dismissal by the EmperoT. Therefore, presumably the so-called German War Cabinet did not correspond constitutionally to the Allied War Cabinet—Reuter. WILSON'S 14 POINTS. APPLICATION TO IRELAND, Received Oct. 31, 7.45 pjn. London, Oct. 30. In the House of Commons, at Mr. Dillon's request, the Government allotted Tuesday for the discussion of a motion favoring the application of President Wilson's fourteen points to Ireland.— Aus-NJZ. Cable Assoc. BRITAIN'S NATIONAL DEBT. A STUPENDOUS FIGURE. Received Oct. 31, 7.45 p.mLondon, Oct. 30. In the House of Commons, Mr. Stanicy Baldwin (Under-Secretary to the Treasury) stated that the national debt outstanding on September 30, was, approximately, £6,875,000,000. INDIAN REFORMS. FAR-REACHING PROPOSALS. Received Oct. 31, 7.45 p.m. Simla, Oct. 30. The report of the Industrial Commission, which has been v Bitting for two years, has been published/ It states that the constructive proposals outlined are dependent upon the acceptance of the principles that the Government must in the future play an active part in the industrial development, and'that the Government cannot undertake that part unless provided with adequate administrative equipmentAfter referring to the antiquated methods of agriculture, the report states that India possesses nearly all the raw materials necessary for the Requirements of a modern community, and proceeds to advocate the development of agricultural, coal, and other resources, and industrial methods on modern lines; the extension of banking facilities to assist industrialists, and the establishment of colleges for teaching technical and commercial subjects. The report says the deficiencies in India's industrial system renders it liable to foreign penetration in peace time and to serious danger in war time- Her labor is inefficient, but capable of vast improvement. A minute of dissent by Pandit Mohan Talaviyat, who disapproves of the proposed industrial and scientific service as. premature, and suggests an Imperial polytechnic-institute toall ImHa—Beutft % " ' ,:.