GENERAL CABLES.

Taranaki Daily News, 3 December 1920, Page 8

GENERAL CABLES.

GERMANY REFUSES DEMAND. Bjr T«legratih.—rress Assn.—Copyright. Berlin, Nov. 30. Tho German Government has replied to the Allies' demand for compensation for the German dirigibles destroyed in July, 1910, either with money or with new construction, that the Government cannot recognise the obligation to pay compensation. It suggests that if the Allies do not agree to this standpoint the matter might be submitted to the Arbitration Court. AMERICAN SWINDLER. New York, Nov. 30. Ponzi, who enticed thousands to invest millions of dollars in a "get rich quick" scheme has been sentenced to five years in gaol. He pleaded guilty to the charge of using tho mails to defraud.— Aus.-N.Z. Cable Assn. THE PERSIAN PROBLEM. Teheran, Nov. 30. The Shah has informed the Government that Parliament must meet immediately to discuss the British Note. The Ministers slated -that there had been no information given to the Shah regarding the negotiations at Moscow with the Bolsheviks. TUSKS AND ARMENIANS. Constantinople, Nov. 30. A message from Tiflis states that a second Turkish-Armenian armistice has been concluded and that peace negotiations will be opened at Alexandropol on the 25th, at which a Bolshevik Commissioner will be present. The departure of the Government Mission to Angora has been indefinitely postponed.—Reuter. FRANCE AND THE VATICAN. Paris, Dec. 1. The Chamber adopted a Bill by 307 votes to 20!) re-establishing the' Embassy at the Vatican, with which there has been a diplomatic rupture since 1905.—An5.-N.Z. Cable Assn. BOLSHEVIK VICTORIES. London, Dec. 1. The Petregrad press announces that Petlonra's Ukrainian army has been totally dispersed, the captures /includ-. ing 12,000 men, :!f> guns and three'armored trains. A Bolshevik communique shows that Balakhovitc.li is in equally rough waters) having lost 120 officers' and 4500 men as prisoners, as well as much military booty.—Reuter. JAPANESE BUDGET. Tokio, Dee. 1. Cabinet has approved of the Budget, for 1021-22, totalling 1502 million yen, of which 83S million is for armaments. The navy budget is 408 million yen, of which 144 millions is for new construction. FIRST INDIAN ELECTION. Delhi, Dec. 1. The people of India went to the polls yesterday for the first time in their history. The iton-co-operators made great efforts in every constituency to prevent voters taking part in the elections. The extremists in Agra employed students to prevent voting, some voters being roughly handled, while others refrained from going to the polls out of sheer fear. Only 20 per cent of the voters went to the polls. The non-co-operators claim a victory as the result of their campaign—Aus.N.Z. Cable Assn. SOUTH AFRICAN LABOR PARTY. Capetown, Dec. V. Mr. Cresswell, leader of the Labor Party, in a manifesto, declareß that no Parliamentary danger threatens the constitution. The sudden dissolution has been forced on the Government by the Unionists with the object of combining against Labor. He adds that U|e Labor Party is pledged to uphold the present constitution, but refuses to identify the British connection in the Act of Union with the domination of Parliament by profiteers and exploiters. He appeals to the electors to send the Labor Party back thirty strong, instead of with a present strength of 22. °

THE DYE INDUSTRY.

London, Dec. 1. Important amalgamations in Xhe aniline color industry are nearing completion in the United States. Five companies have combined with a capital, of sixty laillion sterling with, plant for the extraction of nitrogen from the atmosphere, uniting the manufacture of_ dyestufl's with heavy chemicals and mineral acids. The scope of the merger's activities will be wider than that of the German trust.—Renter. A SLUMP IN FURS. London, Dec. 1. Owing to the ,<liimp in the fur trade values recently have fallen about 70 per cent. Nesbitt. Ltd., one of the biggest fur brokers in the world, have gone into voluntary liquidation. It is stated that considerably over a million sterling is involved.