GENERAL CABLE NEWS.

Gisborne Times, Volume LX, Issue 9800, 9 May 1924, Page 4

GENERAL CABLE NEWS.

SELLING BATES ON AUSTRALIAN DRAFTS. LONDON., April 7. The associated Australian banks from Hay 8 are raising the selling rates on Australian drafts and mail transfers to 42s 6d per cent premium: cable transfers fifty shillings. The rate lor purchasing documentary bills on Australia is reduced to par for sight. Us 3d discount 30 days, 22s Od 60 days, 30s 90 days.

RIVER SEVERN BARRAGE

PROJECT

(Received May S. 5.5 p.m.) LONDON, May S. The lit. Hon. Thomas Shaw, Minister of Labor, at a meeting of the Par-, liamcr.tarv Labor Party, stated that if a favorable report were forthcoming from the committee investigating the proposed £25,000.000 barrage across the river Severn for thp purpose or generating electrical power, the Government will facilitate the carrying out of the scheme.

WARREN GOVERNMENT RESIGNS. (Receivde May S. 5.45 p.m.) St. JOHN’S (New’f’d), May 7. The Warren Government has re-signed.—Ruet-cr. PENSION LAW STRIKE NEARING END. (Received May S. 10.35 p.m.) BUENOS AYRES; May 8. The Syndicalist Union a resolution to cud the of affiliated unions at midnight on V\ ednesday in view of the public assurance that .arrested strikers will be released. The decision of the men to return to work gives the Governtpont an opportunity to fulfil its promise that the pension, law under which the portion of their wages is turned oyer to the Government will be satisfactorily amended.