EMPIRE EXHIBITION.
THE HEAVY LOSSES. AN INQUIRY DESIRABLE. LONDON, December 8. The Empire Exhibition guarantors are bitterly disappointed with the loss which resulted from the exhibition. They are likely to urge that an inquiry be held into the whole financial administration. The auditors have issued a statement which shows that the capital expenditure amounted to £2,739,594, the revenue to £2,814,935, and other expenditure to £1,657,246, leaving a minimum loss of £.1,581,905. The Government share of the guarantee, which has been called up, totals £1,100,000. There are indications that the accounts will be very severely criticised. The "Morning Post" says it understands the view of the directorate to be that their task was hopeless from the outset. They found themselves committed to huge expenditure. The Stadium could "have been built for £100,000, instead of £500,000. The "Post" says it hopes the Government will not enforce the liability on the guarantors. If it is enforced a possible controversy will be aroused, which would be inappropriate about an Imperial concern.. The "Times" says: "Those who have a true conception of the meaning of the results of the exhibition will not think that the accounts represent too bad a bargain.". The "Daily Herald," under the heading 'Bad Management Somewhere," says the flouse of Commons should insist upon an investigation by a committee free from Government influence. The "Financial News" says the taxpayer is entitled to know whether his share of the loss might not have been smaller.— (A. and N".Z. Cable.) SAFEGUARDING INDUSTRY. A MEASURE OF PROTECTION. (Received 10.30 a.m.) LONDON - , December 8. In the House of Commons, the resolutions on safeguarding industries, passed in committee last week, were confirmed. They are embodied In a special finance bill entitled the Safeguarding of Industries Customs Bill, which was formally read a third time and passed.— (A. and S T .Z. Cable.) THE SENATE ELECTIONS. DEFEAT FOR LABOUR, (Received 11 a.m.) SYDNEY, this day. The Senate election count is completed, md has resulted in a debacle for all Labour candidates throughout the Commonwealth. The final figures are:— (Ministerialists 27 Labour 9 Every one of the 22 Senators elected was a nominee of either the Country or Nationalist parties.— (A. and N.Z.) THE PEACEMAKER. SIR AUSTEN CHAMBERLAIN. (Received 10.30 a.m.) GENEVA, December 8. Sir Austen Chamberlain, K.G., is still bhe foremost peacemaker. He requested the League of Nations to appoint two representatives to join aim in conferring with the Greeks and Bulgarians to arrange a friendly settlement. The Council appointed M. Hymans (Belgium) and Baron Ishii (Japan).— (A. and N.Z. Cable.) WIRELESS OPERATORS. THE STRIKE AT HOME. LONDON, December 8. The President of the Board of Trade (Sir W. Cunliffe Lister) stated in the House of Commons that reports from the irincipal ports showed that up to Friday 25 passenger and 124 cargo ships had eft port without wireless operators. The number of passengers affected was lot available. The Association of Wireless and Cable Telegraphists claims that over 700 jperators have joined the strike.— (Reuter.) MAJOR ASTOR'S RETURN. WARM -WELCOME AT DOVER. LONDON, December 8. Major the Hon. J. J. Astor, M.P., was enthusiastically welcomed by his :onstituents at Dover on his return from :he Imperial Press Conference in Aus:ralia. There was a torchlight procession from the pier to the Town Hall. In icknowledging the tribute paid him, Major Astor mentioned that during the lelegates' tour of 30,000 miles they j touched at only two ports which were not in the British Empire.—A. and X.Z. j
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Auckland Star, Issue 291, 9 December 1925, Page 7
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579EMPIRE EXHIBITION. Auckland Star, Issue 291, 9 December 1925, Page 7
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