MACDONALD MINISTRY

Dominion, Volume 18, Issue 104, 28 January 1924, Page 7

MACDONALD MINISTRY

ANU DOMINION LABOUR PARTIES CONFERENCE PLANNED MISSION TO MOSCOW The British Labour Gov eminent is planning a conference with Dominion Labour Parties, and is sending a mission to Moscow to arrange tor resumption of diplomatic relations. By Telegraph—Press Association. Uopybyg ht. London, January 25. The “Daily Express” states that the Government is planning a conference with the Dominion Labour Parties, said is’ also sending a mission to Moscow immediately, headed by Captain J. O’Grady, to arrange for a resumption of full diplomatic relations. —Reuter. THE SINGAPORE BASE A STATEMENT AND A DENIAL London, January 25. The News” diplomatic correspondent learns that it is now certain that Mr. MacDonald’s Government will abandon the Singapore base. Mr. MacDonald will adopt a policy of firmness and frankness towards France, removing pinpricks.—Sydney “Sun * Cable. London, January 25. It ig officially learned that the report that the Government has decided to abandon the Singapore scheme is quite untrue. The question has not even been discussed. —Reuter. MR. MACDONALD CONFERS WITH AMBASSADORS DIRECT TALKS PREFERRED TO NOTES (Reo. January 27, 5.5 p.m.) London, January 26. Mr. MacDonald had a conference with various Ambassadors at the Foreign Office, seeing each separately for fifteen minutes. It is understood he will generally prefer direct talks to an exchange of Notes. —Aus.-N.Z. Cable Assn. MR. MACDONALD AT THE FOREIGN OFFICE (Rec. January 28, 0.50 a.m.) London, January 27. Mr. MacDonald worked at the Foreign Office till a late hour on Saturday, and arranged for an attendance again on Sunday.—Aus.-N.Z. Cable Assn. MINISTRY CAUSES LITTLE ALARM MAY CHANGE SPIRIT OF BRITISH POLITICS (Rec. January 28, 0.50 a.m.) London, January 27. Mr. Garvin, writing in the “Observer,” says: “Mr. MacDonald’s Ministry causes less alarm than did in their day the more Radical appointments of 1880 and 1906. At nearly all points it is safe as Threadneedle Street. If it is as vigorous in action as reassuring in composition, it may change m six months the whole spirit and organisation of British politics.”—Aus.-N.Z. Assn. TURKS FAVOURABLY IMPRESSED WITH NEW PRIME MINISTER London, Januaiy 25. “Tho MacDonald Cabinet has_ been well received by the Constantinople Press,” says the Constantinople correspondent of “The Tinies,” “though it is generally thought that it will not have a long life. “Some anxiety is expressed m certain quarters lest the expected recognition of Russia may result in the weakening of the friendship of Russia with Turkey, but Mr. MacDonald made an excellent impression on the Turks during his recent visit, and ho is acclaimed as, on the whole, more likely to pursue a friendly, jolicy to Turkey than the Conservatives or the Liberals.” —“The Times.” ADVICE TO CONSERVATIVES DROP PROTECTION AND BALDWIN (Rec. January 28, 0.50 a.m.) London, January 27. The rr Sunday Times” editorially urges tho Conservatives that they must drop protection, and Mr. Baldwin retire from the leadership of the party. —Aus.-N.Z. Cable Assn. MR. MACDONALD’S SILK HAT EFFECT ON STOCKS AND ■ SHARES (Reo. January 26, 5.5 p.m.) London, January 26. The “Daily Express’s” financial correspondent says: “Mr. MacDonald’s silk hat will live m history as one of the most potent pieces of head-gear ever created, since it sent up tho prices of stocks and shares. Tho rise began with gilt-edged securities as soon it was known that Mr. MaoDonald had donned u silk hat to go to Buckingham Palaeo. Tho rise continu-

cd all ill© week. The bears, counting upon a fall when the new Government took charge, sold stocks which they did not possess, expecting to buy at lower prices later on, but are now forced to buy on a rising market — Aus.-N.Z. Cable Assn. GROWING CONFIDENCE ON STOCK EXCHANGE. London, January 25. Thorp is a stronger interest taken in the Stock Exchange gilt-edged securities, and a growing confidence in the political outlook, taken together with speeches of chairmen. at meetings of the leading banks. Buying is emanating from both London and the provinces. Consols are at £56 55., War Loan £loo.—Reuter. RISE IN CONSOLS (Rec. January 26, 5.5 p.m.) London, January 26. Consols are quoted at £56 10s.— Aus.-N.Z. Cable Assn. [On Thursday last Consols were at £55 12s. 6d.J LABOUR’S GOOD WISHES The folloiwng cablegrams were dispatched on Saturday by the secretary of the New Zealand Labour Party:— “MacDonald, Prime Minister, London.—New Zealand Labour Party sends hearty congratulations to yourself and colleagues on taking over Government.” “Tchitcherin, Pi fine Minister, Moscow. —New Zealand Labour Party sends sincere sympathy to Russian Government and people on passing of great leader, Lenin.”