CABLEGRAMS AND WIRELESS

Greymouth Evening Star, 29 July 1932, Page 7

CABLEGRAMS AND WIRELESS

LADY HOUSTON’S GIFT. [BY CABLE —PRESS ASSN. —COPYRIGHT.] LONDON, July 28. Lady Houston has written to the Chancellor of the Exchequer: “Your regrettable refusal of £200,000 I offered, to lessen the shameful cut in Britain’s defences, decided me to send'a smaller sum of £40,000, which is the amount of income tax which would be due if I were domiciled in England, instead of Jersey. I hope you will not be too proud to accept it.” MANCHURIAN FIGHTING.

TOKIO, July 28.

It is reported that seven hundred men of a Chinese volunteer corps attacked Suichung, a town between Cfiinchow and Sanghaikwan. They were repulsed by the Japanese, leaving over two hundred men dead, after severe fighting. The Japanese garrison had six killed. CONVERSION LOAN. LONDON, July 28. Another flood of applications ,for the conversion of war loan stock, was received by the Bank of England yesterday, totalling 74,000 applications, The total of the applications outstanding is now under 731,000. Continental' holders of war loans continue to convert freely. The conversion scheme has provided a windfall for the stockbrokers, and 'the solicitors, who, besides the banks, are entitled to get a commission as agents, in converting for clients. It is expected that the commission that will be paid by the Government will total three millions.

RUGBY, July 28.

Seventy-four -thousand further applications for conversion of war loan were received at the Bank of England yesterday, and only 800 application for redemption. The total applications to date -are as follow: Bank of England £1,086,000 post office savings, bank £666>000, Trustees Sayings Bank £86,000, Bank of Ireland £31,0001 Grand total £1,869,000, of which £1,755,000 are" for conversion. The total holdings are about 2,600,000. The Swiss Bank Corporation yesterday deoosited for conversion holdings .of £1,000,000, and other large applications are announced from Switzerland and South Africa. ...