GENERAL CABLES.

Wanganui Chronicle, Volume LXXVI, Issue 18531, 13 July 1922, Page 9

GENERAL CABLES.

- TOKIO, July 10. A Chino-Japanese syndicate is be- | ing formed to take over the work of | two coal and one iron mine in Shan- : tung, formerly included in German I concessions. The company is to be Jormed equally of Chinese and Japanese capital, and will constitute I part of the Shantung settlement. ’ BERLIN, July 1 1. i The Majority Socialists passed a I resolution supporting a thoroughly ' Republican Government and opposI ing the inclusion ot the German ! People's Party in the Coalition, dei elating that a Social Democratic I Reichstag party cannot co-operate | with a Government whose ranks are | extended to the Right Party. TOKIO, July 10. i The Japanese Government now has a claim of fifty million gold marks against properties which are to be credited to Germany as part of reparation payments. There is every indication oi the Chino-Japanese negotiations regarding the Shantung settlement proceeding smoothly and expeditiously. MELBOURNE, July 12. It is stated that when Mr Rogers presents the report on the sugar position to-morrow, he will announce an immediate reduction in the wholesale price, enabling ’retailers to sell at 5d instead of 6d per pound. In order, however, to protect the wholesale dealers holding stocks from loss, either- two or four weeks’ notice will be given of the reduction coming into force. SYDNEY, July 12. The Treasurer stated that the interest payable on New South Wales loans during the coming year amounted to £8,310,01)0, which would eat up 20 per cent, of the State’s revenue. Dr. Crumpston, Federal Director of Health, has announced that the direct importation of cotton seed was not allowed with the object of j preventing the introduction of weeivil, which caused extensive destruc- ■ lion to cotton plants in America. ’All seed was quarantined before be|ing delivered, and sown only by the I State authorities or approved grow- ’ ers. ; Federal Parliamentarians are conIcerned about the cost of Dr. Brown’s | expedition to New Guinea. The cost Ito the Commonwealth already exceeds £IjB,OOO, and it is stated it jmay reach £20,000. Dr. Brown’s ’interim report denies the report that the expedition was lost. He states I that at all times he has been in wire- i iless communication with the Admin-j ' istration. BRISBANE, July 12. In the Assembly, Mr J. McDonald (Labour) was elected by 37 to 34 to the Senate vacancy caused by the death of Mr Adamson. HOBART, July 12. Mr W. E. Shoobridge, Labour, has been elected in succession to Mr W. Pearce (Labour), who was recently elected for Franklin, but who died before the writ was returned, i