GENERAL CABLES

Hokitika Guardian, 13 July 1928, Page 3

GENERAL CABLES

Australian Press Assn.—United Service

AUSTRALIAN LOAN

(Received this day at 8 a.m.) LONDON, July 13. The Commonwealth of Australia loan , of seven millions, 5 per cent, £9B, p 1945-75 is underwritten. Tlie final instalment of 50 per cent is payable on 14th Soptemlier and the first interest payment of 83s on January Ist, 1929. PROTEST TO SPAIN. (Received this day at 8 a.m.) LONDON, July 12. The “Daily Telegraph” states the Foreign Office addressed a protest to Spain against the seizure of foreign oil establishments without adequate compensation, following the Spanish Gov- ,' ernment’s decision to establish a state i' x oil monopoly. France and the United States have already protested.

INDIAN FAMINE. DELHI, July 12

There is a famine outbreak in lial- • -a urgliat division of Bengal. 'I wo hun- ” - dred villagers are dying weekly. Many are living on boiled leaves.

RE-DISCOUNT RATE INCREASED. | NEW YORK, July 12. The Federal reserve banks at Riclimdnd, Virginia and New York have ; increased their rediscount rates from four and a half per cent to five per * cent, following a similar increase by a Chicago hank. The increase was unexpected in many quarters, due to the belief that the reserve hoard would believe it unnecessary in the light of recent increases. However the Chicago lead has seemed to start • advances. Boston is expected to foli low suit, for open market rates are believed to be similarly high thcie as they were in New York.

i SLATER APPEAL. (Received this day at 10.15 a.m.) LONDON, July 12. The Slater appeal has concluded judgment being reserved.

MALTA POLITICS. (Received this day at 11.5 a.m.) MALTA, July 12. An emergency meeting of the Senate ■was held at which it was expected the Appropriation Bill would pass with the support of clergy representatives, hut the opposition again blocked the measure. Crowds in the Palace Square were excited and the situation looked ugly. The police were strongly reinforced, and had difficulty in keeping the demonstration within bounds. The i delay in passing the bill is swelling the ranks of unemployed and the situation rpffbecoming critical. • GERMANY’S REPLY. WASHINGTON, July 12. The State Department has received Germany’s reply, unqualifiedly accepting the draft renunciation of war treaty. Germany is the first of the fourteen nations invited to adhere to tho treaty. Other answers are expected to follow within a week, making it possible to sign the treaty here early in August. 1