GENERAL CABLES

Greymouth Evening Star, 13 June 1927, Page 6

GENERAL CABLES

U.S.A. AND FRANCE. . (Australian & N.Z. Cable Assn.) WASHINGTON, June 11. The State Department notified France that the United States will be pleased to negotiate a possible agreement for a treaty of perpetual peace between the two countries. VALUABLE SHIRT LONDON, June 11. While a shirtfront, autographed by M. Chaliapine, (the Russian musician) and other artists, was being worn by a member of the British Music Trades Convention at a concert in aid of the Convention, at which artists appeared, it was auctioned at Folkestone. It sold for three hundred guineas. SOAP A FLOW SALVAGE. ‘ LONDON, June 11. The biggest salvage feat achieved at Sfcapa Flow is the raising of the German cruiser Aioltke, after her eight years of immersion. The vessel was refloated bottom up. She will be beached and broken up. POWER IN U.S.A. NEW YORK, June 11. Mr. Hoover is supervising the formation of a super-power plan, by which all power units throughout the country will be connected by a vast trunk system. The proposed connecting units would consist of main and secondary lines controlled from a central point by which, in case of necessity, all the power resources of the United States could be diverted to any point immediately. The system is planned with reference to water powers, coal fields, existing high voltage transmission lines, centres of principal power consumption and trans-Continental railway. It is pointed out that under this system, power now wasted will be utilised, involving the saving of millions annually. The sponsors are attempting to overcome some State legislation where the plan could not now be accepted. DISPUTE OVER TITLE. LONDON, June 11. Following on a piquant controversy in the form of newspaper interviews, the Marquis of Ely says that he is prepared to give £l,OOO to charity if Lord Augustus Loftus, who says he is the son of the fourth Marquis, can substantiate his claims.

Lord Augustus Loftus previously stated that he was not interested in titles, being content with his present position in life.

CANADA’S WEALTH. OTTAWA, June 12. The total wealth of Canada is estimated at over twenty-two billion dollars, according to a bulletin issued by the Canadian Pacific Railway Coy., oi’ 2525 dollars per 'capita, which is one of the highest in the world. The agricultural values comprise eight billions, urban and real estate six, railways over two, Ontario owns a third, Quebec a quarter and Saskatchewan one eighth. It is significant the per capita wealth which ignores the undeveloped resources is the greatest in the four western provinces, where the natural resources, other than farm lands, are least developed. There have been remarkable increases in revenue from wool, dairy products, tobacco and honey, last of which five years ago was unrecognised by the Government, which now enjoys a revenue of’two millions from it. DAWES PLAN. BERLIN, June 12. The Agent General for Reparations reports the execution of the Dawes plan is progressing normally. The German Budget statement lacks clearness, necessitating exhaustive study The expenditure shows a constant tendency to exceed the revenue, necessitating borrowing, but the Budget stability is not impaired. Despite heavy unemployment and excess of imports over exports, savings are growing.