BRITAIN.

Hawke's Bay Tribune, Volume VI, Issue 271, 1 November 1916, Page 5

BRITAIN.

ALLIES’ FINANCIAL STRENGTH. AMERICA’S CONFIDENCE IN OUR VICTORY. (Received 1, 9-40 a.m.) New York, Oct. 30. Mr. Henry Davidson, Morgan’s partner, has returned from England. He says the future of the Allies is sound. They have security enough. The unsecured Government bonds in Britain and France are absolutely good without collateral, no matter now the war terminates. Newspapers

interpret this statement that in future, loans will be made without collateral security. This is an unprecedented tribute to American confidence in the Allies’ success. DEAR FOOD. GOVERNMENT MUST MOVE. [AUSTRALIAN AND N.Z. CABLE ASSN.) London, Oct. 31. The Scottish National Miners’ Union passed a resolution that unless the Government controls food prices a serious national calamity will result. | The union is endeavouring to organise all Labour forces with a view to forcing the Government to take , action. I Mr. Smaillie (president of the j Miners’ Federation) declared that I unless Labour rebelled, the Government would pay no attention to them. A conference of South Wales miners passed a resolution similar to the Scottish. They propose a national stoppage on failure of immediate Governmentaction.