MOTHER COUNTRY.

Taranaki Daily News, 7 January 1919, Page 5

MOTHER COUNTRY.

COLD AND CURRENCY.

tHE PRODUCERS' ARGUMENT.

Received Jan. C, 7.45 p.m. London, Jail. 4The- Gold Producers' Committee, in a letter to the journal of tho gold-mining industry, apropos of Lord Inchcape's committee's report, says the real point at issue between them and Lord Inchcape is the latter's statement that no more can be properly paid for gold than its value in currency. The question is: What is the value of bullion in our present currency? When the Government issues large quantities of paper currency not backed by gold, then the value of gold in relation to commodities must fen.

The producers suggest that part of the large profits the Government has made from notes might temporarily be alio* cftted to relieve the precarious position of many mines, and possibly increase the present output of gold. They think lord Inchcape's committee under-rates the extent that the output of the British Empire is likely to decjine, and the speed at which the surviving mines will be«ome exhausted owing to the high cost of production, necessitating the working $f only tie better class ore.—Aus.-N.Z. Cable Assoc. DEMOBILISATION.

Discontented outcries.

Received Jan. 7,12.5 a.m. London, Jan- fl. Newspapers are gratified at the restraint of the authorities, and the good Sense shown by the men, which prevented • serious situation.

'Regarding demobilisation, the position a not developing. There are discontented outcries. It is insisted that the Dominions are short of men; also that there in heaps of work for them at home. The men add: "Wo are only wasting our "tone in France." They emphasise the fact that the trouble would not have arisen ix the war had still been on. Leave boats Me now naming as usual—Aus. and N.Z. Cable Assoc. IRON AND STEEL INDUSTRIES. A GOLDEN AVENUE. Received Jaa. T. 12.55 a.m. London, Jan. 6. A golden avenue is opening for the British' iron and eteel engineering idustries if labor co-operates. Orders are pouring in from all parts of the world at Mjjjh speed. The re-adaptation of the JtlSfitf is proceeding Particular attention is being paid towards specialisation. The greatest danger ahead is in the unreasonable cost of fuel, due to inflated wages and the inadequate output.—Aus - N.Z. Cable Assoc-

SINN FEIN MEMBER ARRESTED. x

London, Jan. 3. lit Burgess, a Sinn Fein member of Ptaiiamsnt, has been' anrested, The dnrge is hot stated.

CIOSING NEW ZEALAND HOSPITALS

London, Jan. 3. Thr New Zealand No. 1 General Hospital, Broojcenhurst, will close at the end of January, Hornchurch at the end of February, No. 3 Hospital, Codford, la April, No. 2 Walton, in May.—Ausj&Z- Cable Assn. A LATE ELECTION RETURN,

ILondon, Jan. 3. The Kensington election resulted in the return of a Liberal Coalitionist.

tfAQOTSTa FAVOR LEAGUE OF

NATIONS.

London, Jan. 3. , A labor demonstration at the Albert tflall adopted a. resolution proposed by Mr Henderson and supported by Mrs Bnowden, Bernard Shaw, and Ramsay Mac Donald, calling on the British delegates at the Peace Conference to make definite establishment of the League of Nations one of the foremost clauses in tl« peace treaty.—Aus-N.Z. Cable Association.

HONORS FOR NEW ZEALMDERS.

London, Jan. 3. Military Crosses have been awarded to the following New Zealanders:— Mounted Rifles; Captains R. Fin lay son and A. E. Rhodes, Lieutenants C. P.eid and S. Sutherland. One D.C.M. and two Meritorious Service have aho been awarded.—Aus-N.Z. Cable 4un. and Reuter. HEAVY SNOW-STORMS. Received Jan. 7, 125 a.m.

London, Jan. 6. There are heavy snow-storms in the nop-th of England and Scotland. Australian soldiers on leave are revelling in tt* tmtuual experience.