DREDGE CAPSIZES

Timaru Herald, Volume CXLIII, Issue 20672, 10 March 1937, Page 9

DREDGE CAPSIZES

LOSS DURING T< W TO EAST INDIES United Press Association —By Electric Telegraph Copyright (Rec-sived March 9, 5.5 p.m.) AMSTERDAM, March 8. The world’s largest tin dredge, the Katoeng, just completed, capsized and sank during ** storm near Eddystone lighthouse, vhile being towed to the Dutch East Indies. The crew was saved.

DRIFTING UPSIDE DOWN DREDGE DID NOT SINK United Press Association —By Electric Telegraph—Copyright. (Received March 9, 5.5 p.m.) AMSTERDAM, March 8 The Kantoeng did' not sink, but she is now drifting upside clown along the Cornish coast. Tugs are standing by. FAULTY POLICIES GERMANY AND ITALY CRITICISED Unneo Pres? Association —Bv Electric Teltgra ph—Copyright (Received March 9, 5.5 p.m.) GENEVA, March 8. German and Italian economics were incidentally arraigned at a meeting of the Raw Materials Committee of the League of Nations, when Sir Frederick Leith-Ross declared that no transfer of territory could make any country selfsufficient, even if whole continents were transferred. Sir Frederick added that if certain countries had difficulty in obtaining raw materials, it was a result of their economic and monetary policies, combining excessive import quotas with rigid control. Moreover the production of artificial substitutes involved a heavier burden than buying natural products from abroad, thus depressing the standard of living. ATTITUDE OF DELEGATES STRONG JAPANEES ADVOCACY United Press Association—By Electric Telegraph—Copyright (Received March 10, 1.40 a.m.) GENEVA, March 9. Australia and New Zealand were not represented at the Raw Materials Conference, which delegates from Canada and South Africa are attending. The Japanese delegate (Mr Shudo) not only advocated the abolition of all restrictions on the export of raw materials but full freedom cf emigration.