BRITISH AFFAIRS

Southland Times, Issue 18857, 24 June 1920, Page 5

BRITISH AFFAIRS

CHEESE CONTROL TO CEASE, REPORTED NEGOTIATIONS WITH NEW ZEALAND. (By Telegraph,—Press Assn. —Copyright) (Australian and N.Z. Cable Association.) LONDON, June 22. (Received June 23, 8.15 p.m.) In the House of Commons, Sir W. Mit-chcll-Thomson, replying ,to Sir Herbert Nielil, said that following upon the decision of the Government to make no further purchase of imported cheese, this commodity would be no longer controlled, except the balance already contracted for. The Government were not aware that the Co-opera-tive Wholesale Society intended to negotiate for the purchase of New Zealand cheese. Should any attempt be made to exploit the consumer the Food Controller would not hesitate to use any of the powers provided by Parliament. AUSTRALIAN WOOL. MR HUGHES NEGOTIATING WITH THE GOVERNMENT. LONDON, June 22. The Yorkshire Post states that Mr Hughes has resumed direct negotiations with the British Government with regard to wool. The Government have requested certain information and the position remains unaltered pending his reply. A WOOL TRADE CUSTOM. PROPOSED ABOLITION OF TOLL. LONDON, June 22. (Received June 23. 5.50 p.m.) Sir Thomas Mackenzie convened a meeting of the High Commissioners and Agcnts-Gene-rid of Australia and South Africa to discuss steps to secure the abolition of the old trade custom of making a toll of one pound weight in every’ hundred pounds of wool. The meeting was generally favourable, but adjourned for a fortnight to enable the respective Governments to be consulted. If the subsequent meeting is in-.-true ted to proceed it is likely to ask the Argentine to co operate. NEW SOUTH WALES LOAN. PARTICULARS OF THE ISSUE. LONDON, June 22. The New South Wales Loan final instalment is due, on September 3, six months’ interest, being payable on February 1. The underwriting commission is one per cent, compared with 25s paid in connection with recent. British issues. There is a disposition in some financial circles to attribute the high price to fear of legislation similar to Queensland’s, but the general opinion is that il is no reflection'on New South Wales’ credit. It is pointed out. that the financial conditions cabled on May 21 have not improved. _ The high level of the New South Wales loan is likely to set a new standard for other issues in the near future. The latter loans have been underwritten. GOVERNMENT SECURITIES LOWER. CRITICISM OF NEW 7 SOUTH WALES’ OFFER. LONDON, June 22. (Received June 23, 10.5 p.m.) Nearly all Government securities are lower, mostly a quarter per rent. The price of the New South W ales issue is largely the cause, but the political outlook on the Continent and in Ireland is a contributing factor. Stock Exchange opinion U that it would have been preferable to offer six per cent, at a discount in order to avoid creating a new standard. The Westminlser Gazette says the question being asked is whether Now South ' Wales has not offered a new rate somewhat too rapidly. WAR GRAVES COMMISSION. REPORT FOR AUSTRALIA. LONDON, June 22. (Received June 23, 8.50 p.m.) Colonel Hughes, the Imperial Graves Commission's representative on Gallipoli, has arrived here, and is preparing a report for the Australian authorities. ; GENERAL DYER'S CASE. | NO DECISION REACHED. j LONDON, June 21. The secretary of the Army Council states ■ that no decision has been reached in General | Dyer'.-' case. j A NEW AIRSHIP. I VICKERS TOURING CRAFT. i j LONDON. Juno 23. i (Received June 23, 11.30 p.m.) Vickers. Ltd., arc launching an airship, ; RSO, having a speed of fifty miles an hour, i for touring, with a range of 0500 miles, i The craft is 530 feet long.