CABLE NEWS

Feilding Star, Volume XVIII, Issue 4575, 28 April 1922, Page 1

CABLE NEWS

(By Electric Cable— Copyright., ,Aust. and N.Z. Cable Association Melbourne, April 27. It is anticipated that the federal Budget, which will bo delivered shortly, will show a more satisfactory position than anticipated. The Customs revenue is already in excess of tho estimates, and other sources of revenue have also proved elastic. This, combined with substantial reductions in the expenditure, is expected to produce a surplus. Mr Watson (Victoria) defeated Mr Davies (New Zealand) in tho tenth round of tho chess tournament. Watson is leading the competition with eight wins. Paris, April 20. Le Petit Parisian says that, even asuming the worst, it is evident that M. Poincare does not intend France to act alone when he declares that France alone would have the right to take action. He has too much confidence in the good sense of the Allies, more particularly the loyalty of Britain and the British Government, to believe that he would have to enforce his strict rights. The French Government, whilst fully determined to exercise its rights to the full, does not intend to exceed the limits laid down. The Government’s decisions will follow those of the Reparations Commission, which will be regulated by the acts of the German Government for the period ending May 31. ll,Fsag,p G zecmfwypshrdlu cmfw Genoa, April 26. The Allied Note to be presented to the Russians to-morrow is practically an ultimatum demanding unequivocal replies to the four principal points: (1) payment of the war debts, cither entirely or with a reduction based on Russia’s capacity to pay. (2) Payment of tho pre-war debts, with the ©■anting of necessary and reasonable moratorium. (3) Indemnity for all damages caused to foreigners. (1) Restitution of confiscated property. The Allies are drawing up three other points. An eiidefivour will bo made to force Russia to reply at the earliest possible moment, in order to close the conference beforo May 10. The Political Committee is the only one which lias not finished its work.