OVERSEA NEWS

Hawke's Bay Tribune, Volume XXI, Issue 211, 20 August 1931, Page 7

OVERSEA NEWS

CABLES IN BRIEF North German Wool Co. The reorganisation of the North German Wool Company has been brought to a successful conclusion, states a Berlin cable. ■ No Loan Being Sought. Inquiries at Downing Street and at the Treasury show that nothing is known of a suggestion from Chicago that England is seeking a long term loan in the United States. Christian Endeavour. The first Pacific international Christian Endeavour convention was opened yesterday in Sydney, when upwards of 2000 delegates from all parts of Australia aud New Zealand were present. The Rov. Lionel Fletcher, New Zealand president of the movement, will represent the world president, Dr. Daniel Folding, of the United States. Mr Fletcher- conducted the inaugural proceedings in the Sydney Town Hall and he will play a prominent part in all the subsequent sessions until the closing day, Tuesday. Mrs. Fletcher officially opened the junior exhibition last night and a huge welcome rally occurs in this connection in the City Town Hall. Spanish Constitution. The constitution as finally drafted vests the nation’s supreme powers m a single chamber Parliament with a President elected by adult suffrage and dismissable by referendum. The President will not be empowered to sign any declaration of war except in cases of League of Nations conventions and then only after the exhaustion of every method of arbitration. There will be no State religion, but complete freedom of every creed. Staggering Taxation. Mr. C. A. Jaques, speaking at the annual meeting of Australian Securities. Limited, condemning staggering taxation, said the whole idea seemed to be to tax the thrifty in order to provide free services for those who neither toil nor spin. The difficulties of the thrifty were accentuated by that execrable thing called class consciousness, which prevents people from working side by side for the common good.