GENERAL CABLES.

Taranaki Daily News, 31 December 1921, Page 2

GENERAL CABLES.

FINAJTCB CRISIS IN ITALY. By Telegraph.—Press Assn.—Copyright. Rome, Dec. 29. The Banca Italian .Decconto, one of the three biggest banks in Italy, has closed. The bank has issued a statement that it is taking advantage of the moratorium. The bank is heavily involved in the Ansaldo engineering works and other industrial companies. The latest balance-sheet showed liabilities, including share capital, of 6000 million lire. AUSTRALIAN BEEF FOR RUSSIA. London, Dec. 29. Mr. Shepherd completed purchase of 30,000 quarters of Australian beef at £50,000, which the Russian famine fund has agreed to accept as a free gift from the Commonwealth fund, bearing the cost of transport to Russia. CLYDE SHIPBUILDING. London, Deo. 28. Clyde shipbuilding returns for the year show that 314 vessels were launched with ,a tonnage of 514,000 tons, compared with 069,000 tons last year. LABOR ON THE RAND. Capetown, Dee. 29. The Labor situation is assuming a serious aspect. The conference between the Minister of the Interior and the coal-miners, at Johannesburg, on the question of the reduction of wages, proved abortive. The industrial Federation recommenced the men to strike on January 1. ‘ The Chamber of Mines refused the men’s proposal for arbitration.