GENERAL CABLES.

Taranaki Daily News, 18 January 1921, Page 5

GENERAL CABLES.

PANAMA CANAL TOLLS. By Telegraph.—Press Assn.—Copyright. Received Jan. 17, 5.5 p.m. York, Jan. 16. The New York Times’ Washington correspondent states it is understood that Mr. W. G. Harding (the new President), in order to carry out his campaign pledge to-exempt American coastwise trade from the Panama Canal tolls, will open negotiations with England. The Hay-Pauncefote Treaty, negotiated between Britain and the United States, forbids such exemption. It is recalled that President Wilson caused a repeal of an exemption law once passed on the ground that it would seriously affect Anglo-American relative. It is now believed Britain will probably agree to exemption.—Aus.-N.Z. Cable Assn. JAPS AND CALIFORNIA. Received Jan. 17, 5.5 p.m. New York, Jan. 16. The Japanese League of JapaneseAmerican relations passed a resolution declaring that the California law is an infringement of the principle of righteousness and humanity, and will absolutely wreck Japanese-American friendship, and disapproving of any treaty al> rogating the existing gentlemen’s agree-ment.—Aus.-N.Z. Cable Assn. A LOAN TO CHINA. * Received Jan. 17, 7.45 p.m. New York, Jan. 16. 'Chinese bankers have granted a loan of 6,000,000 dollars to the Chinese Government for the extension of The security given is the revenue of the Peking-Hankow railway and the interest is eight per cent. The expenditure of the money and the supply of ial will be under the supervision of thfe bankers-—Aus.-N.Z. Cable Assn.