Great Britain.

Hawke's Bay Tribune, Volume IX, Issue 117, 3 May 1919, Page 5

Great Britain.

AN ATTRACTIVE LOAN. London, May 2. It is reported that the Government will shortly be issuing a great funding loan in four and a half per cent consolidated stock, the issue price to be eighty. The loan will.be repayable by means of a sinking fund which will be operative in 1967, entirely redeeming the loan by 1977. THE BUDGET DEBATE. NO NEW FOOD TAXES. London, Maj’ 1. Sir Donald McLean, resuming the Budget debate, said that the spending departments which were spreading devastation throughout the country must be curbed. Mr Joseph Chamberlain had said that complete Imperial Preference would m variably entail taxes on food. Mr. Austen Chamberlain interposed : “The Government does not intend new food taxes.” Sir Donald McLean conhnuen. stating that a great trade with the dominions could not. be developed without granting preference on corn, meat and wool. He regretted he must fight the proposal. , Mr. L. C. M. S. Amery dc-tendcu the Government’s proposal .and sai I that this was not. a direct, issue between Free Trade and Protection. It was a question whether we regarded the Empire as a unit and whether we were willing to promote, intel - course, understanding and development, thus strengthening the dominions. It was a worthy policy to carry out irrespective of the old party divisions. We were entering on a new period of the Empire s histon and ought to deal with mdustria., social and economic problems, in a. new spirit. • aiming at wider unity.

The brewers and distillers are organising opposition to the Budget Heer and spirit duties. The Labour party intends to move amendments to the Budget demanding a levy on capital, the continuance of the excess profits tax, the withdrawal of Imperial Preference and the raising of the income tax exemption limit- to £2so.—<A. and N.Z.) LEAGUE OF CHURCHES. NEXT YEAR’S CONFERENCE. (Received 3, 9.10 a.m.) Constantinople, April 30. The Greek Holy Synod has accepted the American Ecclesiastical Mission’s invitation to next- year’s conference at Cincinnati which has as iss object the forming of a league of churches, including Orthodox, Roni- ; n Catholic and Protestant. All the important ecclesiastical bodies of ihe English-speaking world have aljeadv accepted the invitation and t he Mission has proceeded to Sofia, Bucharest. Belgrade and Rome.—(A. and N.Z.) UNEMPLOYMENT DONATIONS. PROFOUND RELIEF TO THOUSANDS. (Received 3, 10.20 a.m.) London, April 30. In the House of Commons, in the discussion on the unemployment do-> nation Air. J. I{. Clynes, Labour member for Manchester, deplored' that Sir R. G. Horne, Labour Min-' istcr, had not hinted at an altcrna-; live policy to the. donations. He/ i rged the Government to explain; why the blockade was- maintained.; It was a blockade of ourselves, causing unemployment and checking industrial expansion.

Mr. Wardle, in repiv to Mr. J. It. (.Ivnes. said the 1 eports ot tne .-■buses of the donations were great- / exaggerated Ihe Government iv t iking the ne ce>',n y step, to check them. The present system ot donations to civilians would end on x ovembei 2’th Thi donationshad } iov<d to be <>n insuiinee against Jlolshevism. and had been a profound rehet to hundreds ot thousands faced with the spectre of unt inplovment.—(A. and N.Z.) DUBLIN’S MAY DAY HOLIDAY. (Received 3. 10.20 a.m.) London. April 30. Tile Dublin workers have declared Ihursday a-public holiday. Newspapers, trams, trains and the public s 1 vices are suspended. LONDON NEWS ITEMS.

At Camborne, the New Zealand Rugby team beat Cornwall by II points to 3. At Bristol, the New Zealanders from Codford beat Bristol bv r 10 to 6.

In the second round of the tennis tourney at Roehampton. Ritchie heat Fisher 6 —3, 8- —6. In reference to the death of the great- aviator. Vcdrmes, a Paris »<iblr savs that v.hfii itreinnting a flight from Villa. Coublav to Rome lie fell from a -great height near Lyons. and was killed instantly. A delayed .cable dated Anru 23rd, t it» Sth iL th< Nrvv Yoik Jim. s’ ” '-Vashinarton correspondent states rhat Vi'.connt Bhii who v anted to return to fokio to consult his Government, has postponed his t-rrp until June.

Lloyd's register shows that 7.796,-(-00 tons ot shipping ai’e being constructed all over the world, establishing a record.