HOMELAND AFFAIRS

Greymouth Evening Star, 10 March 1933, Page 5

HOMELAND AFFAIRS

WHOLESALE PRICES DECREASE

[by CABLE —PBESB ASSN. —COPYBIGHT.]

RUGBY, March 8

As measured at the Board of Trade average, wholesale prices in Britain for February, showed, on a balance a decrease of 1.3 per cent, compared to January, and a decrease of 6.0 per cent, compared to February, 1932.

REVENUE RETURNS

RUGBY, March 8

A Treasury return shows that the ordinary revenue last week amounted to £26,319,817. If this figure should be maintained, the Budget estimates for the year ending March 31, will be realised. The Income tax and surtax receipts last week totalled £19,454,000.

ELECTRICITY SUPPLIES

RUGBY, March 8

An electricity grid system, which consists of a vast network of main transmission lines covering almost the whole of Britain, for distributing electricity from selected generating stations. will be substantially completed during the present year. It was stated in Parliament that the total capital expenditure on its construction will be 27 millions sterling, exclusive of the interest during the construction. NAVY ESTIMATES. LONDON, March 9. Navy estimates total £53,5/0,000 being £3,093,000 above last year’s. New Zealand’s contributions to the Singapore Base total £72,000. Sir Eyre-Monsell’s memorandum says: All submarines are now equipped with the Davis apparatus, enabling the crews to escape independently of salvage appliances. He hopes shortly to renew the interchange of ships between the Royal and the Australian navies, which was suspended for financial reasons.

TRADE WITH DENMARK

RUGBY, March 9

On behalf of the Board of Trade, it was stated in the Commons that the total value of merchandise imported by the United Kingdom in 1932, from Denmark was £40,556.327. The United Kingdom exports to Denmark in tho same year amounted to £9,5C0,499. The Government’ was conducting trade negotiations with Denmark to correct the balance.