GENERAL CABLES.

Hawera Star, Volume XLV, 23 May 1925, Page 3

GENERAL CABLES.

N.S.W. LOAN. BY CABLE—PRESS ASSOCIATION—COP YBIGHT. LONDON, May 22, The New South Wales 5 per cent, loan of £6,660,000 at 981 has been underwritten. HOUSE OF LORDS. LONDON, May 21. By a majority of 80 votes to 18, the House of Lords rejected the second reading of a Bill to enable peeresses, in their own right, to sit and vote in the/House of Lords. The Bill, was left to a free vote. WAR DEBT ADJUSTMENTS. WASHINGTON, May 21. Polish bonds amounting to 178,060,000 dollars have been delivered to the Treasury, formally completing the funding of Poland’s debt. AIR LINE COMPANY FORMED. VANCOUVER, May 21. The National Air Transport (Incorporated) has been organised in Chicago with a capital of 10,000,000 dollars to operate a* freight and express service between New York and Chicago. Othei similar lines are contemplated. BRITISH INCOME TAX. LONDON, May 21. Clauses 21 and 22 of the Finance Bill have been issued, and ordian that where trade of any kind is carried on by or on behalf of any Government out-side of Britain or Northern Ireland, that Government shall be liable foj- all income tax in the same manner as any other persons. High Commissioners and Agepts-General, however, continue to enjoy immunity from income and land taxes. COTTON CROP ESTIM ATE. LONDON, May 21. - Presiding at the annua] meeting of the Empire Cotton-Growing Corporation, Lord Derby estimated the Empire crop of cotton for 1924-26, exclusive oi India, at 369,000 bales, compared with 249,000 in 1.923-24 and 169.1X10 in 192223. It was decided to‘contribute £3OOO yearly to the maintenance of experimental farms in Australia. It was recommended that a specialist be appointed to Fiji to train demonstrators to assist native cultivators.