BRITISH & FOREIGN NEWS

Hokitika Guardian, 7 April 1927, Page 2

BRITISH & FOREIGN NEWS

[BY TELEGRAPH —PER TRESS ASSOCIATION.] FRANCE PAYS. PARIS, April G. It is reported that the Bank of ling- — land has accepted the offer of the Bank of France for the prompt payment of 33 millions sterling, the balance of an advance made by the Bank of England of fifty-five millions, and at the same time in restoration hy the Rank of England of eighteen millions of gold that was deposited by the Bank of France as security. Therefore, it is presumed that the Bank of France is anxious to repnv its debt earlier that was arranged, and to recover its gold, in order to strengthen its financial position preparatory to a monetary stabilisation in France.

AUSTRALIAN LOANS. LONDON, April G. The Financial News reviewing Australian loan maturities taking place in 1927 discusses exhaustively the question of the New York borrowing by Australia. The paper mentions that there are fears in London financial circles that this borrowing in America will, in some wav. assist American trade with Australia at the expense of British trade. The writer recommends that every effort he now made to retain the Australian loan business in London, hut he admits that, as Australia must '■ a heavy borrower, careful management- will he necessary if her wants are to be satisfied at a low cost. LISTER CENTENARY. LONDON. April 5. The Lister Centenary is monopolising attention in the medical atul scientific societies in London. A delegation from all parts of the world is paying a tribute to the immense services which Lister, as the pioneer of antiseptic surgery, had rendered to humanity. Mr Baldwin, in a tribute to the British Medical Association, said:—“Dr Lister was a master workman, truthloving. truth- seeking, and truth-liv-

All the newspapers are publishing special editorials, with articles by leading scientists and pictures.

PROMINENT JOCKEY'S DEATH (Received this da*.- at 8 a.m.) LONDON. April 6.

A prominent American jockey George Archibald, who has been riding in England since 1922 died of heart failure owing to exeeessive wasting. Archibald had ridden over a thousand winners in six countries and topped the list n Germany. America. Australia and Spain. He had to reduce for one race yesterday to 110 pounds. A COMPANY FORMED. LONDON, April G. Lascellcs Trust Ltd., has been registered to acquire lands. hereditaments in vestments securities and farming stock, to carry on business of builders, market gardeners and timber m.erehainls. The 'nomind! capital is two hundred £1 shares. The directors are Earl Harewood and Viscount La seelles. LABOUR PROTEST. fßaccivod this day at 8 a.m.i LONDON, April G. The national minority movement in a vigorous attack on the Trade Union Bill urges the Labour executive to express the workers will by calling a. twenty-four hour general strike from midnight on May Ist to May 2nd and thereby most effectivtly challenging the Government. It requests Labourites in Parliament to resort to every conceivable form of obstruction.

BEAM WIRELESS. LONDON. April G. A full dress rehearsal of beam wireless will he carried out from to till 4, Greenwich time to-morrow afternoon. Press messages of greeting are being sent to Australian newspapers from vihioli it is hoped replies will be sent hack immediately as a test. LONDON. April G. 'filie Chamber of Commerce has decided to allow Germans and Austrians to resume membership.