GENERAL CABLES.

Stratford Evening Post, Volume XXXI, Issue 74, 10 November 1911, Page 5

GENERAL CABLES.

EARLY WINTER. (By Electric Telegraph.—Copyright.) (United Press Association.) (Received 10, 9.5 a.m.) New York, November 9. Early winter lias set in on the Pacific Coast. Snowstorms are raging, ami the temperatures is below freezing. bank of empire.

Loudon, November 9

The “Financial News” advocates a Bank of Empire for neutralising the machinery for issuing colonial loans, if a colony now contemplates borrowing, it is practically compelled to accept the terms its bank, dictates. Tne Empire Bank’s managers and directors would be able to standardise colonial credit. Tiie paper adds“Mr Fisher’s Commonwealth Bank is no stop in this direction; since it is destined to compete with existing institutions, and it is almost inevitable the experiment will end in disaster. Non-Government banks are taxed to keep their blundering competitor on its ricketty feet.” GERMAN POLITICS. (Received 10. 9.50 a.m.) November 9. The Centre Party, National Liberals, Progressive Peoples’ Party, and Social Democrats have introduced proposals that alterations of colonial territory should only occur, through the decree of the Reichstag. . Herr liollwcg, in the Reichstag, said that regarding the Lloyd-G Gorge's speech, the German Ambassador in London had been instructed to declare that Germany was then engaged in, negotiations with France, which wore, not directly touching on British; interests; but if Britain', desired to participate. Germany expected sue would intimate her wishes through the usual diplomatic channel.-. After defending colonial usquisifioho, Herr Holhvcg emphasised that the source of danger to German relations with France; .and Britain had been removed, PEER AND PUGILIST. ; London, November 9. Lord Lonsdale is 'bearing *thc expense of the defence of the boxers Morgan and Driscoll.