GERMAN POTASH.

Auckland Star, Issue 291, 9 December 1925, Page 7

GERMAN POTASH.

A £15,000,000 FLOTATION. ENGLAND TAKES £5,000.000. (Received 1 p.m.) LONDON, December 8. The English portion of the issue of gold bonds in the potash syndicate of Germany, placed on the London market closed immediately. The issue was £5,000,000 worth, the bonds bearing 7 per cent interest. The price was 94 J, redeemable at 102J by 1950. Simultaneous issues of £3,000,000 each ■were made in Holland, Switzerland and Sweden. The total authorised issue is £15,000,000. The syndicate was formed in 1919 to control the German porasii Industry, and embraces all the owners of potash mines. (Reuter.) DISARMAMENT. DISCUSSION AT GENEVA. THE LEAGUE'S ARMIES. GENEVA, December S. Owing to Britain objecting to the League of Nations controlling the size and disposition of the Fleet, a hitch has occurred in connection with the work of the Disarmament Sub-committee, engaged in drawing up the 1920 dis- ; armament programme, which includes a , determination of the extent of the armai ments each country will contribute to . the League's forces in war time. The committee reported the situation to the Council of the League. Another deadlock occurred when the Belgian Socialist, M. de Broveekere, moved a motion declaring that Belgium refused to accept the plan of reduction or limitation of armaments unless the plan specified the nature and promptness of assistance which a nation attacked can expect to iteceive. British delegates expressed the opinion that it was not a proper time to discuss such a proposal.—A. and N.Z.