LURKING DANGERS OF EUROPEAN WAR.

Grey River Argus, 29 May 1922, Page 5

LURKING DANGERS OF EUROPEAN WAR.

DIVERGENT TENDENCIES OF BRITISH POLICY. MAKING. GERMANY. RAISE. THE. MONEY. Allied conditions for Germany propose to cut down her spending, increase her taxes and stop her note issuing. A Melbourne’s man's invention proves (after his death) to be worth millions. It is for cheapening rubber manufacture, and the wife of the inventor lives in New Zealand. j A Bill to give Scotland home rule has come before the House of Commons. Wu-Pei-Fu is renewing war on Chang-Tso-Lin in China. Mr Massey states the general election takes place at the usual time; that railway and postal charges will be reduced; and that income taxes will be reduced. Otira Tunnel may be opened by Christmas, says Mr Massey, if machinery is not delayed by a labour trouble in Britain. “Ring,” the young Melbourne boxer, defeated Griffin (N.Z.) at Sydney Stadium. Australian Soccer reps won their first match at Wanganui by three goals to one. The ketch Lisette, ashore on an Auckland beach, is expected to be a total loss. Mr Massey says there is £250,000 for public works for unemployed, but local bodies should help. An Irish conference is proceeding in London. Strife is proceeding in Ulster, while in Galway a landlord’s statue has been tipped into a sewer. A munitions explosion disaster is reported in Austria. (Received May 28, 5. p.m.) BERLIN, May 27. The German Cabinet is considering the proposals which Herr Hermes discussed with the Allied Reparations Commission at Paris. It is reported that these include Germany’s consent to cut down her expenditure drastically, and if she is unable, to balance her budget thereby, she will impose additional taxation, and will also < - ease the printing of paper money, and withdraw from circulation all the notes printed since March 31. These proposals arc conditional on Germany obtaining a foreign loan. The German Chancellor disapproves the proposals. as these mean going beyond his pledges to the Reichstag. RESTORATION OF GERMAN COLONIES SOUGHT

(Received May 28, 5.5 p.m. ) LONDON, May 26. “The Times’s” Berlin correspondent states that the ex-Governors of the German colonics are launching a colony restoration campaign. Addressing the German Colonial Union, Dr Schnee (ex-Governor of German East Africa) deplored the wretched administration there now by the British. Another speaker complained bitterly of New Zealand’s bad administration of Samoa. The speakers urged the Germans to use intellectual weapons in the light for restoration. WRANGEL’S RABBLE IN BULGARIA. GOVERNMENT GOING TO SHUNT PLOTTERS. SOFIA, May 26. While there tire rumours of a Communist revolution in Bulgaria, they are semi-officially denied. The Bulgarian Government has, however, begun an anti-“ ’White” Russian campaign, which, its opponents maintain, is intended io placate the Communists and the Bolsheviks. Following on the recent discovery of the alleged plot among 1 lie Russian refugee' officers, the Government has ordered the expulsion of IO high Russian officers, including General Koutipolf, the Chief of Wrangel’s troops in Bulgaria, who will be allowed to proceed io Constantinople All the Russian refugees whose conduct is unsatisfactory will be expelled The Russians in Bulgaria will be repatriated as soon as possible. WU PEI -FU RESUMING THE CHINESE WAR (Received May 28, 5.5 p.m.' NEW YORK, May 26. The Chicago ‘‘Tribune’s” Tientsen correspondent states General Wu-Pei-Fu has definitely broken with President Tsu-Shi-Chang. General Wu-Pei-Fu is now preparing to attack Chang-Tso-Lin, who has entrenched near Shanhailwah.

; END ENTANGLING INTERNATIONAL ALLIANCES I ! [Australian and New Zealand Cable Association.] (Received May 28, 5.5 p.m.) LONDON, May 26. The Rt. Hon. H. 11. Asquith, whom the “Westminster Gazette” asked to define the meaning of his phrase: “Britain should resolutely avoid entangling engagements,” has replied. He says it means “anything in the nature of an alliance, compat;!, or understanding with any single Power or group of Powers, which could bind us to military actions. ’ ’ Air Asquith adds: “All guarantees should be collective, and should be made through the League of Nations.”

JAPAN PLAYING A WAITING GAME. NEW YORK, May 26. The “Philadelphia Ledger’s” Tokio correspondent is informed that Japan’s ratification of the Washington treaties is not to be expected before July. The Japanese Privy Council Committee is now considering (he Shantung question, which will be the first disposed of. BLAKE’S WORLD FLIGHT CINEMA RECORD PARIS, May 26. Blake is in France awaiting a second machine from England, which accompanies him to Athens, in order to get a full cinema record of the Hight over Europe THE IRISH CONFERENCE AT LONDON. LONDON, May 27. The conference of the signatories to the Irish Treaty will hold informal conversations at the Colonial Office, pending Mr Michael Collins’s arrival to-morrow. AUSTRALIAN’S IMPORTANT RUBBER INVENTION. A BIG FORTUNE COMING AFTER HIS DEATH. (Received May 28, .5 p.m. ) MELBOURNE, May 28. A Melbourne man has invented and perfected a new process of manufacturing rubber. It is one of such importance that the negotiations for its sale have so far realised £2,000,000. The essence of flic process is the cheapening of the cost of making rubber, and the utilisati<ti of old tyres, and of all kinds of discarded rubber to make new rubber. The invention lias not been without its tragedy. The inventor, William Stocks, has died, and did not live to reap the reward of his success. He died some time ago from

heart failure, after having started a factory in New Zealand. Small companies were formed in Melbourne and in New Zealand to handle the invention, but, later on, agents were sent to England and to America to exploit it. Eventually they met Dr Woodward, the president of several rubber companies in America, and their object was accomplished. The Melbourne company and the New Zealand option party receive in equal shares $10,000,000, made up of $1,500,000 in cash, and $2,300,000 in shares in an American company, and also $1,000,000 in (‘ash and $5,200,000 in shares in subsequent companies to be formed in other countries. In addition, the Australian agents are in virtual control of the American company until the whole world's rights are disposed of. The inventor’s share of the revenue received to date from the patents amounts to £20,000. llis son, who is a son by a first marriage, does hot inherit one penny of the fortune. Under a simple will, it passes into the hands of Mrs Stocks, who is living in New Zealand. CAPITALIST OBJECTIONS TO N.Z, POOL. LONDON, May 27. The Provision Trade Associations all over the the country are now passing resolutions condemning New Zealand’s proposed dairy pool. The principal ground of objection stated is a fear that the pool will mean Government control, of which the. provision trade declares it had such a better experience during recent years that it will do all possible to prevent a recurrence in any form. The newspaper “Grocer," commenting, says: — “It is always well for the seller to consult the buyer’s wishes, and not try to force his own conditions upon the other party to the transaction. There is much uncertainty about what the pool actually involves. It would benefit all concerned, if the promoters of the scheme would frankly explain what change they propose to make.”

HOME RULE FOR SCOTLAND COMING. BILL BEFORE THE HOUSE OF COMMONS. (Receive dMay 28, .5 p.m.) LONDON, May 27. A Scottish Home Rule Bill has been read the second time in Hie House of Commons. The Bill provides for a Parliament to sit in Edinburgh. Mr Wallace is the mover of the Bill, lie said that there was no desire for separation, except on the part of half-a-dozen of the hotheads, but he declared that the Thistle has persistently refused to become a Rose. The Scottish members, under the Bill, would still remain at Westminster, leaving the local Scottish Parliament to deal with purely local affairs. (Received May 28, 5.5 p.m.) The Scottish Home Rule Bill was talked out, not being read a second time. TWENTY-FIVE MILLION SPINSTERS “DOOMED” LONDON, May 27. The “Daily Express's” Berlin correspondent says: —“Twenty-five million women in Europe are doomed to perpetual spinsterhood. The male population is now 225.000.000, and the female population 250.00.000.