BRITISH AFFAIRS

Southland Times, Issue 19653, 2 October 1922, Page 5

BRITISH AFFAIRS

INDUSTRY AND COMMERCE RECUPERATIVE SCHEMES LARGE EXPENDITURE BY GOVERNMENT. (By Telegraph.—Press Assn.—Copyright.) (Australian and N.Z. Cable Association). LONDON, September 20. (Received October 2, 1220 ajnJ Dr Macnamara at Nottingham announced hax the Government was finding an extra UtIOOO.OOO to help the municipality to give work to the unemployed. It had also Mnctioned credits amounting to £21,000,900 to help traders to recover foreign markets. These would continue for about another year. It was also s;uaranteeing loans to the extent of £25,000.000 for the electrification of railways, docks, and other works. It proposed to raise this amount to £50,000,000. Dr Macnamara added that since the dump the Government and municipalities had provided forty to fifty millions for works for the unemployed, and they would spend a further ten million during rhe winter. He said that under unemployment insurance £25,000,000 was available for the coming winter and spring. In these difficult times the British people were making a splendid effort to get trade and finance back to normal. THE POLITICAL SITUATION. NO ELECTIONS THIS YEAR. LONDON, September 29. (Received October 1, 5.5 p.nu • The Pail Mall Gazette states that Mr Lloyd George has abandoned the intention of appealing to the country this year. EMPIRE SETTLEMENT. FREE PASSAGES TO DOMINIONS. LONDON. September 29. The British Passenger Agents’ Association gave a luncheon for the purpose of forwarding the Empire settlement scheme. The Agents-General were present. Colonel Amery was the chief speaker, and said that to the end of August 270,000 persons had applied for free passages. At the moment Canada was leading in the number of actual sailings, with Australia close behind. TRAINING FOR DOMESTIC SERVANTS. STATE SUBSIDISED SCHEME. (United Service.i LONDON, September 29. The Government is subsidising a scheme for training domestic servants. It has contributed £50.000 towards the training for thirteen weeks of girls who are paid £1 a week while attending the syUabus, which includes hygiene, infant welfare, general knowledge, physical exercise, voice modulation, and singing. AUSTRALIA'S WAR DEBT. REFUNDING PAYMENTS. LONDON, September 29. (Received October 1, 5.5 p.m.) The Commonwealth Government, is paying the British Treasury on Monday £270,000 the half-yearly instalment payable under the funding of war debts agreement. The fact that Australia is paying principal and interest, being the only Government which is doing so, is causing a favourable impresstoll in financial circles. SUCCESSFUL STOCKBROKERS. A MILLION OUT OF THE BOOM. LONDON, September 29. (Received October 1, 5.5 p.m.) “We made a million or so out of the recent boom in gilt edged securities and are satisfied to let someone else carry on.” This is the decision of five out of eight partners of Gordon Askew and Biddulph, who are well known jobbers in Consols and dominion securities. The firm was able to offer more than a million worth of securities daily, and was deluged with Vie public’s money during the boom. IRISH POSTAL STRIKE. TERMS OF SETTLEMENT. (Reuter’s Telegrams.' LONDON, September 29. The Irish postal settlement provides that three-eights of the proposed wage reduction shall operate from September 1 and the remainder from December 1.