GENERAL CABLES.

Wanganui Chronicle, Volume LXXVI, Issue 18019, 6 November 1920, Page 11

GENERAL CABLES.

LONDON, Nov. 4. The interim report of the accountant to the sub-committee investigating the wool profits reveal extraordinary statstics. It shows that one firm made thirty-five times more profit than pre-war, or nearly twentyfive times more after deducting the excess profit duty. The least successful firm examined by the accountant showed four times the pre-war profit after deducting the excess profits duty. The Yorkshire Post states that of twenty thousand bales'of Australian wool purchased by Austria, the prices for nine thousand will be on the basis of the prices at the last London sales, four thousand on the basis of the first London auctions in 1921, four thousand on the basis of the second series, and the remainder on the basis of the third series. Poland is also negotiating for the purchase of wool. The Russian trade delegation has received from Moscow a telegram announcing that the British Consul and all British prisoners at Baku were released on October 28th, and are being sent-to Tiflis. AMSTERDAM, Nov. 4. The Berlin paper Freiheit, discussing the threatened coal strike in France, points out that the miners’ position may be difficult, because France is receiving German coal. It understands that the German miners would strike in sympathy. SYDNEY, Nov. 5. In connection with the forthcoming harvest, the Australian Workers’ Union is demanding a fortyfour hour week with a wage for general harvest hands of £5 per week and keep, the wages of other hands to be proportionate. SYDNEY, Nov. 5. The Federal Executive of the Australian Labour Party is convening an All Australia Union Congress with the object of amalgamating all industrial elements for the purpose of Instituting a Socialist co-operative Commonwealth.