CAPITAL FOR RUSSIA.

Auckland Star, Volume LIV, Issue 267, 8 November 1923, Page 5

CAPITAL FOR RUSSIA.

KirSSO-DANISH COMPANY. (Received 11 a.m.) COPENHAGEN, November 7. A new Russo-Danish financial institu- ' tion, entitled "The Northern Credit Company," with a capital of 5,000,000 kroner, has been formed, with two Russian bankers and three Danes as directors, to support the Russian export and import trade. The capital has already been subscribed. The company is expected to commence its operations in January (A. and N.Z. Cable.) THE WIRELESS MUDDLE. STATE V. MARCONI. LONDON, November 7. : The "Daily Telegraph" in a strong editorial article entitled "The Wireless ' Chain Muddle," declares: "If the Im- : perial Conference disperses without un- ' equivocal assurances it will commit a : srrare act of omission. The Dominion Prime Ministers are obviously entitled to express their views on the impasse ' between the Post Office and the Marconi Company since it is hindering all their ' efforts to link the Empire. If they were ' to speak frankly they would tell us ' I that they have no faith in Post Office ' administration; it is not conducted on commercial lines, and. the recommenda- ' tions of Lord Robert Cecil's committee have been ignored. The Imperial Con- : ference ought to inquire searchingly into 1 the cause of the present impasse." Mr. S. M. Bruce, Prime Minister of : Australia, interviewed on the subject of ! ' wireless, said that it was his express ; intention to force matters to a definite < conclusion one way or the other. He apparently has little hope that the dif- : ferences between the British Post Office and the Marconi Company can be , hridged. Nevertheless, he is insistent that the imperative needs in regard to Empire wirelees communication should not be sacrificed to a quarrel of the existing nature. ! Mr. W. F. Masse y also intends to bring the subieet up before tho conference closes. — (A. and N.Z. Cable.) EARTHQUAKE RECORDED. i J ROME, November 7. i The observatory at Faenza registered a violent earthquake at an estimated distance of about 6250 miles. The direction was from north-east to south-west. ! The seismographs moved , for nearly three ' hours.—(A. and N.Z. Cable.) " l AUSTRALIAN CABLES. TIMBER FAMINE FEARED. SYDNEY, this day. I Mr. A. O. Mackay, returning from a I visit to Northern China and Russia, said I that with the exception of Queensland there was an alarming scarcity of softwood timber in Australia. Even Queensland was within sight of the end of her ' resources. lie was convinced thut-Aus- ! I tralia would be compelled to look to Manchuria for supplies in future. — (A. ' and X.Z. Cable.) _ ) WAR AGAINST LOCUSTS. '. PERTH, this day. ' Mr. H. Newman (Government Entomo- [ logist reports remarkable results from a , combined offensive by the farmers against the locust plague. Farmers laid baits ! in the crops of paris green mixed with j bran and treacle and destroyed many i millions. In some spots the dead insects covered 200 square feet.— ( \ and • N.. Cable.) ' ( MINERS FIGHT GAS. SYDNEY, this day. ' The gas escape in the south mine is regarded seriously. Miners are strenu- < or.sly endeavouring to cope with the trouble. The shift which should have i ended at three o'clock yesterday, was si compelled to snatch a hasty snack in i order to return to the fight.—A. and N.Z. 1