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GENERAL CABLE NEWS

(Per Press Association Coir-, right.) - (Received December 2, 11.50 a.rii!) ' TOKIO, December^ •'■'• Cabinet has approved of the 'Budget for 1921-22, totalling. $562,000,000 yon, of which 838,000,0$) is for armaments. The NavyVßudgct'is 498,000,000 yen, of which 144,000,000 is for new construction. (Received December 2, 11.50 a.m.) NEW YORK-, November 30. Ponzi, who enticed thousands., to invest millions of dollars in a, get-rich-quick system; has been sentenced five years in gaol. He pleaded guilty to the charge of using the mails to defraud. * LONDON, December 1. ' Barry had a raptiirous reception at Twickenham, including a torchlight procession from Richmond Bridge, headed by the King's watermen in full regalia, by permission of King George. Local watermen drew Barry's carriage to the Town Hall, where ex-King I Manoel, who is local president, presented a silver plate in the presence of leading amateur and professional oarsmen. Barry, replying, said thatAustralians looked upon his visit as a sporting one, and gave him the greatest reception in his life. t ROME, November 30. " The city is in darkness and no trams are running owing to the electricians' strike. The Government has put soldiers and sailors in charge of the power-house. (Received Dec. 2, 12.34 p.m.) PARJS, Dec. 1. The Chamber adoped a Bill by 397 to 209, re-establishing an Embassy at the Vatican, with which there has been diplomatic rupture since 1905. (Received Dec. 2, 1.30 p.m.) LONDON, Dec. 2. The first of important amalgamations in the aniline colours industry is neaa-ing completion in the United States. Five ~ companies have combined with a capital of £60,000,000, and intend to work a 'plant for jthe extraction of nitrogen from the atmosphere. The companies are uniting" in the manufacture of dyes-tuffs : with heavy chemicals -and? mineral , acids. The scope of the . merger's activities will' be wider than'-.the .German Trust. Owing to the slump in'the fur trade values recently have fallen!..about 70 per cent. Nesbitt, : Limited, one of the biggest .fur;, brokers in 'the world, have gone into voluntary liquidation. It is stated that considerably over £1,000,000 is, involved. !

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG19201202.2.43

Bibliographic details

Ashburton Guardian, Volume XLI, Issue 9382, 2 December 1920, Page 5

Word Count
342

GENERAL CABLE NEWS Ashburton Guardian, Volume XLI, Issue 9382, 2 December 1920, Page 5

GENERAL CABLE NEWS Ashburton Guardian, Volume XLI, Issue 9382, 2 December 1920, Page 5

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