GENERAL CABLES.

Auckland Star, Volume LI, Issue 104, 1 May 1920, Page 7

GENERAL CABLES.

Important phosphate deposits have been discovered in Morocco. It is estimated that they exceed 10,000,000,000 tons. An Anglo-Italian syndicate, is acquiring a concession.— (A. and N.Z.) , Important phosphate, deposits have been discovered in Morocco. It is estimated that they 'exceed 10,000,000,000 tons. An Anglo-Italian syndicate is acquiring a concession.—(A. and N.Z.) I The Marylebono Cricket Club, in an official statement, announces that it is taking preliminary steps in regard to { sending a team to Australia. It has asked the Board of Control for certain information. Until that is supplied it is , impossible to say definitely whether a j team will be sent. —(A. and"'N.Z. Cable.) ' 1 It is understood 3,000,000 dollars in gold will shortly be sent to China. — (A. and N.Z. Cable.) I In the House of Commons, Mr. J. F. Hope, Parliamentary Secretary to the I Ministry of Munitions, stated that the ! snsold stocks of Australian and New , Zealand wool held by the Government at March 31 were approximately 527,000 bales and 272,000 balfts afloat, while ■ 1,900,000 bales were waiting shipment. ; (A. and N.Z. Cable.) I In the debate on the Budget, Mr. G. Terrell, Coalition Unionist,"moved the ■ rejection of the excess profits duty. Mr.. Austen Chamberlain expressed his willingness to consider an alternative, but ho stressed the necessity of reducing the vast debt and establishing the credit of the country. The motion wag negatived Iby 286 votes to 75. The corporation tax i was adopted, Mr. Austen Chamberlain ' intimating that co-operative dividends would be exempted from the tax.—CA. land X.Z. Cable.), ,