GENERAL CABLES

Gisborne Times, Volume LXVI, Issue 10473, 31 December 1927, Page 9

GENERAL CABLES

CANADA’S TRADE.

OTTAWA, Dec. 29.

Canada’s total trade for 1927 is estimated at approximately £467,600, 000. This represents an advance of £9,400,000 over 1926. Imports increased £16,000,000, but exports decreased £7,000,000. The favorable trade balance will be approximately £31.600.000 compared with £55,000,000 in 1926.

ITALY’S WHEAT PRODUCTION. ROME, Dec. 29. Signor B&lluzzo, Minister of National Economy, states that there is every prospect that in a few years Italy will be independent of all import's of wheat. There are 8000 experimental stations, and 750 stations equipped with scientific appliances for the supply of selected seeds, with the result that Italy’s wheat production could he nearly doubled without increasing the area of production.

BYRD’S PREPARATIONS FOR SOUTH POLE FLIGHT.

OSLO. Dec. 28. Commander Byrd has purchased the steamer Samson, 27S tons, in preparation for his. flight to the South Pole.

MAN FROZEN TO LAMP POST

DIED IN AGONY

GENEVA, Dec. 2S

A gamekeeper named Lister It?it an inn at Baste in the early hours and clung to a lamp post, to which lie became frozen. He was released with difficulty at daylight, and died in agony.—Sun.

TERRIBLE RESULT OF DEI NIC IXG METHVRATED. HYDRATE,

AVTNNIPEG, Doc. 29.

Seven men fire dead, one dying, another demented, and iour others are recovering front drinking methylated hydrate purchased at a chemist’s. 'hie men were unemployed laborers, and tile drinking party occurred' in the . Chinese quarter.—A. and X.Z.C.A.

MINER POLITICIANS AGREE TO

REDUCE SALARIES

LONDON, Dee. 28

Owing tiV the depression in the coalfields, minors’' members of Parliament agreed to a reduction of £SO from their allowances made to them by''the Miners’ Federation, 'l'hns the Parliamentary salary, plus the allowance, is now £6OO. (Under the; Act of 1911 members of the House of Commons receive ail allowance of £4OO a year. Representatives of the mining districts v,<ero allotted a further £2soa year by the Miners’ Federation, and this has now been reduced to £200.)

FRENCH SOCIALISTS TO DROP

CAPITAL LEVY

PARIS, Dec. 29

The Socialist Party, in planning its electoral campaign, decided to drop the capital levy in favor of a tax on acquired wealth, presumably on similar lines to the. British Laboritos' Surtax scheme.

AMERICAN BANKRUPTCIES

(Received Dec. »30, 8.55 p.m.) NEW YORK, Dec. 29. During tiiQ fiscal year ended June 30 1927, there were 48,758 bankruptcies in the United States, involving liabilities amounting to 865,000,000 dollars. . Creditors recovered only 74,394,000 dollars. . Wage-earners constituted' the largest group of bankrupts,' numbering 18,000. Merchants, were second with 12,000, and farmers third with-6000. The total liabilities in ' 1927 exceed those .of 1917 bv 500.000.000 dollars.—A. and N.Z. O.A. '