MISCELLANEOUS CABLES

Otago Daily Times, Issue 18320, 10 August 1921, Page 5

MISCELLANEOUS CABLES

P?ms Association—By Telegraph—Copyright. Since the armistice the British Admiralty has condemned more than 530 warships, including 38 battleships, two battle-cruisers, 87 cruisers, 300 destroyers, and 106 submarines.—A. and N.Z. Cable. < The High Court in Sydney held that the Navigation# Act is invalid as regards the interstate trade, but that the other sections of the Act which were dealt with by the court are valid. The New South Wales Postal Department has decided to institute a tri-weekly aerial mail service between Sydney and Broken Hill. The British National Savings Committee that £45,000,000 worth of certificates were sold in 1920 compared with £79,000,000 worth in 1919. The total sales since their inauguration in 1916 amount to £341,000,000, and the total repayments to £61,000,000, including £31,000,000 in 1920. An Afghan mission has reached London. The prospects of the completion of a treaty are brighter, consequent on the Greek victories in Asia Minor.

It iq believed thkt since the operation of the Russian trade agreement £2,000,000 worth of Russian precious stones have been marketed in London.

Lloyd’s Bank has inaugurated world letters of credit. They will be procurable at any branch, thus enabling travellers to obtain cash in 5000 towns throughout the world.