NEWS IN BRIEF.

Wairarapa Age, 4 February 1927, Page 5

NEWS IN BRIEF.

A conference or representatives of Labour unions which met at Auckyknd yesterday decided to sqt up a federation, with an executive located this year at Auckland, and passed a resolution protesting against the continuation of the immigration policy until work has been found for the unemployed already in the Dominion. The general drapery establishment of A. and AL Booth, Manukau Road, Onebunga, was entered by burglars at some time between. 6 p.m. on Tuesday and 8 a.m. on Wednesday. Goods estimated to be worth between £5O and £lOO were removed.

Henry Homblower, a member of the United States House of Representatives and a partner in Hornblower and Weeks, bankers, giving evidence in a tax case involving the Ford Afotor Company revealed, a cablegram states, that his concern offered Ford a thousand million dollars for the latter’s motor works, but the offer was refused. Ford was offered five hundred million dollars in 1916, but this was increased eight years later. Witness said: “Ford laughed at me. He is the marvel of the .age and if the public were permitted to buy the company’s stock it would be taken like wildfire.” He estimated Ford’s present earnings at a hundred million dollars per annum and added that fifteen years ago a hundred dollar par value share in the company was worth 12,500 dollars. “A nasty shock awaits tho temperamental Suzanne,” sa’ys a taxation officer (according to a Paris cablegram) “as she comes under the law subjecting French citizens to income tax wherever the salary is earned. Her earnings in America, amounting to £20,000 will be taxed £BlOO _n France. She has already paid £2500 tax in America.”