LATE CABLE NEWS

Waikato Independent, Volume XXI, Issue 2443, 13 September 1921, Page 5

LATE CABLE NEWS

THE GERMAN BOOM MUST END IN CRASH "LIVING IN FOOLS' PARADISE" By Cable-Press Association-Copyright. (Received 11 a.m.) LONDON, Sept. 12. Lord Beavcrbrook, writing to the Daily Express from Berlin, says while on the surface there is prosperity every where in Germany, the era of inflation which is behind the apparent wealth and luxury will inevitably end in a crash. Germany is going through a postponed but prolonged boom, which makes Our post-war boom of 1919 a tiny thing. There is nothing in her industrial position —Germany was beaten and impoverished by the great war —to justify the rate at which she is living. As inflation increases—as the value of the mark declines —spending increases. The recklessness of the whole proceeding is beyond belief. The present fools' paradise in which the country is living is a domestic one, and has nothing to do with export trade. PHENOMENAL THUNDERSTORM DAMAGE IN LONDON By Cable-Press Association-Copyright. (Received 11. a.m.) LONDON, Sept. 12. During the night London was swept by a phenomenal thunderstorm. The wind attained a velocity of 45 miles. An hour's rainfall w r as the heaviest since June, 1917. Two inches was recorded in some places. It is calculated the fall over the metropolitan police district totalled sixty-seven million tons of water. The parks were strewn with branches of trees. The roadway; in Rotten Eovr svas nearly carried away by the torrents. The storm was severe on the const. Many houses were flooded, and damaged. ■ Orchards in Kent were stripped of fruit. i *»■ The hurricane left a train of havoc qver a wide area. SPANISH WAR OFFENSIVE LAUNCHED By Cable-Press Association-Copyright. (Received 11 a.m.) MADRID, Sept. 12. Official. —An offensive was launched at Melilla to-day. MR MASSEY IN CANADA ENTHUSIASTIC RECEPTION By Cable-Press Association-Copyright. VANCOUVER, Sept. 10. Under the auspices of the Canadian Club, Mr W. F.-Masscy addressed an audience of 400 leading citizens of Vancouver at luncheon to-day. He had a most enthusiastic reception from a number of New Zealanders, including Sir John Findlay. The subject was "Some Aspects of Empire Problems." Mr Masscy was in great form. He spoke for an hour. The audience at the end of that time asked him to continue.

Mr Massey described the conference as a great success, which laid the foundations for a super-structure of a British .Empire, which would be a great benefit not only to the present, but to future generations. SAILS IN THE NIAGARA VANCOUVER, Sept. 10. • The Niagara sailed to-day for Auckland with Mr W. F. Massey aboard.