CABLE ITEMS

Inangahua Times, 28 October 1932, Page 1

CABLE ITEMS

(United Press Assn—By Electric Telegraph—Copyright.) Preservation of Malta. Reed. 8 40 a.m. Malta, Oct 27 In condemning the Nelsonian school ot thought in England which advocated the abandonment of Malta, and blockading the Mediterranean by means of bases at the entrance. Lord Strickland told the Senate that Lord Fisher's intervention prevented the abandonment of the island, stat" ing that if the British left Malta it would be occupied by France under a threat of war. The possibility of a war in the near future is indicated by the flow of capital j n to English banks and the masses of bullion in the bank of France.

Terrorist Plot Unearthed Murder of Officials Planned Reed 040 a.m Tokio, Oct 27 The police discovered a terrorist plot to murder a Court official and an army general during the forthcoming manoeuvres. Reactionary pamphlets distributed by junior army officers were seized. Gold Reed 9 10 a m. London, Oct. 27 Gold is quoted at £6 5s Bd. British International Trade Reed 9 10 a.m London, Oct. 27: Britain’s international mq double itse.f in fifty years,” Dr. f

Levingsren, told the Imperial College of Science, quoted figures showing that if the world raised the trade to British standards the world’s commerce would be multiplied sixfold. If the trading capacity of the Asiatic equalled the African’s, the world s trade would increase thirty per cent, Russia’s efforts to increase manufactures would ultimately benefit the world. Reed 10 55 a m. London, Oct, 27 Dr. Levinstein said there was no overproduction of food, as the greater part of the population of the world was undented. The fall of commodity prices was originally due to the shortage of gold. Britain could easily pay her war debt to America by mining weaker ores 1 than privaie enterprise was prepared 1 to mine. j Wheat Prices Rise j Reed. 1055 a.m. j Winnipeg, Oct 27 ! Wheat turned upward on Thursday, effectively halting the two day disj play of bearishness which sent j prices to the lowest level in the history of the Exchange. At the j it showed gains of one and seven-eighths to one and a quarter above Wednesday’s prices. I Decline of British Currencies ißecd 10 55 a m New York, Oct 27 ■ British currencies continued to decline .on the foreign exchanges. On Thursday the Canadian dollar declined a seven sixteenth to 90 1 8. The pound declined one quarter of a to 327 f. ■i -V