GENERAL CABLES.

Manawatu Standard, Volume LVII, Issue 69, 22 February 1937, Page 8

GENERAL CABLES.

Received February 20, 11.30 a.m. RAIUS, l'eb. 19. A Government Bill revives tlie wartime measure against profiteering and imposes fieavy penalties to ±lll,OOO and tlireo years’ imprisonment for an unjustified increase in prices. SYDNEY, Feb. 20. The New Zealand M.P., Mr C. A. Wilkinson, arriving in Sydney en route for the Coronation, expressed the opinion that the Labour Uovernment in New Zealand was well entrenched. It had been elected on the rising tide of prosperity, and financial conditions were greatly in its favour. CANBERRA, Feb. 20. Mr J. A. Lyons, announcing the form of the Coronation Oath to be taken by the King, said the discussions on the subject had been most valuable in clarifying the existing constitutional relationship between the members of the British Commonwealth. Mr J. A. Lyons stated that Britain’s new defence policy must be regarded as an insurance against war and a definite contribution to the world’s peace. Australia desired to co-operate with the other parts of the Empire in a system of Imperial deitn ' ' OTTAWA, Feb. 19. Mr J. H. Dunning (Minister of Trade) states that he hopes the revised British trade treaty will be signed byFebruary 25. Answering the Opposition’s charge that the 53,000,000 dollars defence vote was unwarranted until the social services grants were larger, the Prime Minister declared that, in case of an invasion, there would be no social services whatever. He announced that the whole of the defence administration would be placed under a commission of three. BOMBAY, Feb. 19. The first result of the elections for the Upper House of Bombay for thirty seats, of which four are nominated by tlie Government, show the Congress Party has obtained 13 and the . remainder are distributed among the various parties, including two to the Swarajists, who are pro-Congress. EDMONTON (Alberta), Feb. 19. The Supreme Court has ruled that Mr Aberhnrt’s Social Credit Debt Act, reducing the interest on debts prior to 1932 to 5 per cent., is unconstitutional. Only the Dominion can enact interest legislation. TOKIO, Feb. 19. The Minister of Finance has announced that the Government is- prepared to ship gold in order to maintain the yen at the present level.