“STOP PRESS” NEWS

Star (Christchurch), Issue 16908, 6 December 1922, Page 12

“STOP PRESS” NEWS

* k (Reserved for In ft© news received after tb* p:~, r.' * ’ • —« f- —' LOIID PLUXKET .M A IM! IE D. Hwiemlier -V. Lord Plunket. son of an ex-Gowr-nor of New Zealand, was married to Mrs Jack liarnato, widow of Mr Barney Uarnatos son. llcr fortune is stated to lie .£900,000. EM PI HE CURHKNCY. LONDON. December 5. " The Times.” commenting editorially on the suggestion of Mr Darling, an ex-director of the Midland Bank. that part of the existing Empirt debt should be converted into a thousand millions worth of Empire currency bills. which, together with a. certain proportion of gold, should form the basis of common Imperial currency, which would lie legal tender in all parts of the Empire participating. says: “Mr Darling, in support of the scheme, quoted the case of Egypt, whose currency is mostly based on Britt-h Treasury bills. Her .exchange has remained remarkably steady since the war. while the exchanges of Australia. New Zealand and South Africa TTaVe fluctuated widely.” “ The Times” adds: “The essence of Mr Darling’s - scheme is that it contemplates a great extension of the gold exchange- standard, with the avowed object of economising the use of gold and making remittances between any parts of the Empire no more difficult or expensive then between London and Land’s End.” “The ’Dimes” remarks: “The advantages i>f the scheme are manifest. We are aware that serious political obstacles stand in the way of the surrender of any Governmental • rights, but co-operation in currency . matters in order to avoid a derangement of exchange and not involve the infringement of such rights any more than co-operation in other . matters.”

OLD MAN MISSING An old man named Joseph Grose, who resides at Woolston, lias been missing since yesterday morning. He is about eighty years of age, and has white hair and moustache.; He was wearing a grey suit and black felt hjit. Anyone knowing Jiis whereabouts is requested to communicate with the police.