AMERICAN COTTON SPECULATORS.

Otago Daily Times, Issue 19047, 18 December 1923, Page 7

AMERICAN COTTON SPECULATORS.

■Q> ~ LANCASHIRE ORGANISING IN DEEENCE. Press Association —By Telegraph—Copyright LONDON, December 15The Morning Post’s Manchester correspondent says that, with a view to coping with the critical situation created by American speculators in cotton futures, a joint Lancashire committee, representing the employers and the employees, will on Tuesday consider the possibility of organising a combination to combat their speculations, which are estimated to be costing Lancashire £1,000,000 weekly.—A. and N.Z. Cable.

A policy of farm development work, recently instituted at St. Mary’s Homes, Olahuhu. by the superintendent. Miss F. M Girdler, is doing much to remove the reproach sometimes levelled at this institution, that it seeks money in order to keep girls in idleness. A strong effort is being made (says the Now Zealand Herald) to augment the funds of the .homo by the sale of surplus produce, and already it is earning a considerable portion of its maintenance. Sheep and cows are being grazed, pigs and poultry are kept, and attention devoted to growing fruit and vegetables. The expenses of the home are heavy and the extra money earned will greatly assist the finances of the institution. During the past year, the home has opened its doors to many destitute children, and to the children of peer people who have had to go into hospital. No students are to be sent by Victoria College to the British Empire Exhibition. This decision was .reached by the Victoria College Council on Wednesday night, when n letter was received from the Empire Education League, suggesting that students should he sent to the Exhibition. The registrar (Mr G. *l, ft. Robison) stated that the Finance Committee did not think it within the region of practical politics to consider the matter. A number of students in Winnipeg wore being sent to the. Exhibition, hut it was a very different matter to got to England from Canada than from Now Zealand. A vessel could be hired and the students sent from Canada for £3O third-class. However, it was too late for New Zealand to do anything now.