GENERAL CABLE NEWS.

Oamaru Mail, Volume XLIV, Issue 14009, 13 March 1920, Page 4

GENERAL CABLE NEWS.

?|Bi Telegraph—CorvßioHT.] S (Per Press Association.) % ■• AMERICA AND THE TREATY. 9:Fs*(Aus. and N.Z. Cable Assn.) Received March. 13,.at 9.45 am. NEW YORK, March 11. The Times' Ottawa correspondent reports that the • President or the. Privy Council, Mr -Howell, speaking in the House of Commons, said that it trie • United States Senate should adopt the reservations now before it, und the I President accept them, the question of | the United States' entrance mto the . League of Nations might depend on the I action of Canada, and under those, sen-. 1 ous conditions we could not - possibly crive the necessary consent, because we are neither prepared to cut the tie binding us to the Moster Country nor revert to the old colonial relationship. . Mr Rowell, added: "We all recognise the 'importance of the United States coming into?"the League. No country, was rtiore interested than Canada that the United" States .should join. We should be the last people in the world to put any obstacle in 1 the way of her , entry, but if the United States should finally say: 'Wo will come in only "on condition that you practically get o.ut or have you status impaired,' Ve can only reply: We, as a self-respecting people, .cannot accede to your terms." KOREAN TROUBLES. (Aus. and.N:Z. Cable Assi\) Received March 13, at 10.15 a;m. ' TOKIO, March. 11. According to despatches from Korea the Governor-General has ordered two American Methodist Mission schools to be closed because they did not prevent students from celebrating Korean Independence Day.

THE MONEY MARKET. (Aus. and N.Z. Cable Assn.) Received March 13 c .at 1.40 a.m. LONDON, March H. The Bank of England retui-ns are: Gold coin and bullion, £115,350,000; reserve. £21,552,000; proportion ot reserve to liabilities, 21.62; note" circulation, £107,887,000; public deposits, £18,555,000; other deposits, *-*jb~ 339,000; Government, securities, £40,387,000; other securities, £92,057,000. Short loans bear interest at 4f per cent., and three months' bills are discounted at 55 per cent. The exchange rates at London are:. On Paris 49.22, Stockholm 18.42, Chnstiania 21.22, Calcutta, 30|, Montreal 423 cents, New York 378-J cents. Con'sols are 49£, Imperial war loans fUs and 88f, Commonwealth war- loans 96i and 96. Victorian fours 98J. threehalfs 84J- and 58i, threes 644; ,New South Wales fours 77J, 65=V, threes 65; Queensland lours 88*, thrk-halfs. 87, threes 58i; New Zea. land fours 825, three-halfs,6BJ, threes 58i; South Australian tliree-halfs |Bj, threes 51§; Tasmanian three-halfs 6.4, thiees 66; W r est Australian three-haJts 73£, threes 70J. ' . ' Waihi shares—Buyers 43s 9d, sellers 46s 3d.

RUSSIAN MISSION TO BRITAIN. (Aus. and N.Z. Cable Assn.) Received March 13, at 9.45 a.m. LONDON, March 11. Mr Hamar-Greenwood in the House of Commons said that a delegation from the" Russian Co-operative. Associations would be allowed to come to England 1 , but Litvinoff, who desires to accompany the delegation, would not be permitted to return to England .

. * JNO STRAP-HANGERS. (Aus. and N.Z. Cable Assn.) Received March 13, at 9.45 a.m. LONDON, March 11. The General Omnibus Company, owing to the return of ex-soldiers, has been obliged to dismiss 500 conductors. The union, as a reprisal, has decided not to allow any strap-hanging alter Tuesday. All passengers must be seated. In view of the great shortage of omnibuses the threat affects 130,000 passengers daily. [

TAXING THE BACHELOR. f Aus. and N.Z. Cable.Assn.) Received March 13, at 9.45 a.m. LONDON, March 11. The Daily Express slates that the Income Tax Commission's report favors discrimination against the bachelors by increasing the exemption allowance tor a wife to £IOO, the .new exemption levels being £l5O and £250. There are also addition* allowances for .-children. The tax scales show slight reductions on incomes under two hundred, except unearned incomes. There are stiff in T creases on incomes over two thousand, particularly those that are unearned. It recommends the super-tax should be increased. The report says the additional exemption for a wife should bo conditional on assessing the wife's income with the husband's. THE WORKER RULES.

. (Aus. and N.Z. Cable Assn.) Received LONDON, March 11. The General Confederation of Labor, objecting to the anti-Socialist tone of aplay being rehearsed in the Ambigu Theatre, threatened a strike of all the theatrical workers and secured the withdrawal of the play.

EARTHQUAKES IN THE CAUCASUS

(4us. and N.Z. Cable Assn.) Received March 13, at 9.20 a.m. . LONDON, March 11. Tifiis telegrams report two earthquakes in Georgia. Whole towns were destroved, fires broke out, and the railways were destroyed. Thousands of people are homeless. There has-also been a heavy loss of life, and hundreds of people are dying of starvation.

FRENCH RELATIONS WITH THE VATICAN.

(Aus. and N.Z. Cable Assn.) Received March 13, at 10.10 a.m. • PARIS, March 12. The Government has introduced a Bill to re-establish diplomatic relations with the Vatican.

SCULLING CHAMPIONSHIP. (Aus. and N.Z? Cable Assn.) Received March 13, at-10.10 a.m. LONDON. March 11. Barr\- will sail oh the Orsova for Australia early in April, taking the boat in which he rowed Felton and also two new shells, because he intends to race Paddon or any other Australian sculler anxious to meet-him. Barry has been in rather poor health since the race with Felton, but is now fairly fit:

SOUTH AFRICAN ELECTIONS

(Aus. and N.Z.- Cable Assn.)

Received March 13. ab 11 a.m. CAPETOWN, March 12

The state of parties to date is: Unionists 21, Labor 21. South African Party 32, Nationalists 33. Independents 3. There is unlikely to bo material change, in the Unionists and Labor strength, and the election is now a close contest between the South African Party imd the Nationalists. Mr van Heerdeiv, Minister of Agriculture, was defeated by the Nationalist, Mr A. E. Cradock. HOME RULE BILL. CAus. and N.Z. Cable Assn.) Received March 13, at 9.20 a.m. . LONDON, March 11. Air AsQuith gives notice to move the rejection of the Home Rule Bill, "jvhish denies national unity by establishing two Legislatures, and indefinitely postpones the establishment of a Parliament for Ireland."

MEAT RESTRICTIONS REMOVED. (A. and N.Z. Cable Assn. ), Received March 13,' at 9.20 a.m LONDON, March 11. The Food Controller has informed Sir T. Mackenzie that permission vill be given to ssupply the trade with 'inv nuantitv of mutton and lamb instead of requiring the butcher to take t"/o carcases- of muttoni for each one or lamb. Sir' T. Mackenzie considerß this will greatly help the disposal of 1 hepresent accumulations, as the public au along have-been willing to pay higher prices for lamb.