GENERAL CABLE NEWS

Ashburton Guardian, Volume XL, Issue 9197, 7 January 1920, Page 5

GENERAL CABLE NEWS

(Per Tress Association—Copyright).

(Received January 7, 2.15 p.m.) LONDON', January 0

The companies registered in London during the past six months readied the unprecedented, total of 5415, with a. capital o7 £2.554,000,000, of which the textiles and clothing represent 3Q millions, the mines 24 millions, shipping 72 millions; banks and financial companies 22 millions, oil 20 millions, motors 18 millions, food 14 millions,, insurance 10 millions, and cinemas s-ix millions. Forty-eight of the com-, panies have an aggregate capital of £90,000,000, compared with 1913, when only 21 companies had over.a million. The average capital in 191IJ' was .£21,000, ;iml iu 1919 £45,000. A number of the companies are based ou profiteering and' no-partnership.

(Received January 7, 11.30 a.m.) VANCOUVER, January 0. Jt-is understood that Major D. A. Y. Arnold, tin; A.F.C. "nee," who is. en route to Australia, has cancelled the journey, and is to enter the Vickers' company's service, and make arrangements for a trans-Pacific - flight from Australia, to San Francisco. A special Vickers Viking machine is being built'at Wek<'bridgo. The flight, is dependent on the permission of the War'Office. ' , -

(Received January 7, 11 a.m.) - PARIS, January o. Anglo-FrencJi promoters are establishing a "market of the world;" aVi immcn.se six-storied block, costing four millions sterling, 111 which five thousand bhops, si ud also the world'd largest banquotting room, a cinema, Turkish batlis, and lecture roqriis, making a luxurious club for the world's buyers and producers, thus facilitating all transactions. "LONDON, January f>. Martynsides' employees attended a memorial service to the; 'late Captain Howell and Mr Eraser.

A Select Committee of the House of Commons on national expenditure, commeuds the general efficiency of the Ministry of Shipping, but considers the national shipyard venture .shoifld be subjected to stricter financial control, though the scheme was justifiable .in time ol emergency. The total expenditure was -.tb'.l'iOjOOQ. The Committee approves t\\v Ministry's decision to sell the yards, and t-ays that concrete shipbuilding is not a success. Steel barges would cost less thanVthe concrete barges. The venture re'sulied m a loss ol £2,7-i;J,0()0.

The Australian liner Euripides landed all passengers at Plymouth, and will remain there a fortnight awaiting a discharging berth in London. The. captain reports that he received a .succession of S.O.S. signals from three different ■ vessels on Saturday and Sunday. He believed one ship foundered. The Tartar .Prince responded i/O the signals from the second, wlffTe' the last was hundreds of miles off in the Atlantic.

(Received Januaiv 7," 11.30 a.m.) ' PARIS, January 5. M. Clemencwui announces his willingness to accept the Presidency.

ALL.UIAH.rD, January 0

Poulet has departed for' Marseilles. He intends to return in October to resume the flight.

(Received Januarv 7, :>.30 p.m.) DELE 11. Januarv 6

The Indian National Congress at Amritsar adopred ;i motion demanding that, in view of the revelations m evidence be-fore die Hunter Commission, General Dyer be removed from j his • command: and also that, in view of Sir Michael O'Dwyor's endorsement of the firing on the crowd, and the j brutal treatmenl ol "the T'unj.ibo.-. tlic Government be requested to relieve him of lift duties, a.s a prcliminarv to legal proceed nigs.

LONDON. January C

A'Court at Milan grunted the .annulment of :i marriage on the ground, of the wife's childlessness. It is reported from Rome that the whole Italian Press supports tho verdict, which has captivated the Socialists, who are.i>roposing legislation providing for- compulsory annulment in such, cases.

LONDON/ January 6. Captain MattluMv.s arrived at Constantinople. From Beta™do on December 23. Ho goes to Bagdad when thcweathor permits. ' - '