BRITISH & FOREIGN

Waimate Daily Advertiser, Volume XXIV, 23 April 1927, Page 8

BRITISH & FOREIGN

OVERNIGHT NEWS SUMMARY (Per Press Association —Copyright) CAPETOWN, April 21. The fifth aerial flight from Cairo to Cape concluded to-day, u.wn four Royal Air Force machines, under Air Commodore Samson, landed a’. Wyn berg aerodrome, near Caps'.own. GENEVA, April 22. M. I.ithvenoff proposes personally to head the Russian delegations to the Economic. Conference, and the League of Nations in May. LONDON, April 21. The Constantinople correspondent of “The Times” says the Bolshevists are carefully refraining from too open propaganda in Turkey, hut arc using Constantinople as a base for a campaign in the Balkans. WASHINGTON April 21. Mr Alfaro, Panama’s diplomatic representative here, delivered a Note to-day to the State Department requesting a report concerning the seizure oi the federal ship, and information regarding the status in view of the decision of the San Francisco Courts. TOKIO, April 21. Following upon the suspension of the fifteenth bank, which was regarded as one of the strongest, has come the suspension of three provincial banks, and two minor Tokio banks. The Bank of Japan to-day advanced 100 million yen to assist the various banks to meet the runs. LONDON, April 22. The Cologne correspondent of “The Times”-.says at the Inter-Allied Commission, the Minister of Occupied Territories, agreed to a new line of demarkation which will be enforced on May 1, introducing a neutral zone, which troops will not occupy, but oroviding greater facilities for traffic ■ nd trade with Germans. ATHENS, April 21. The Cabinet considered the reported machinations of General Pangalos ami ing at the overthrow- of the Government and the War Minister announced that the army commanders regarded the reports as exaggerated, but the Cabinet ordered the arrest of tho officers implicated, and decided to introduce an urgent Bid revising Ihe Constitution. LONDON. April 22. Lord Birkenhead, speakin; at the lush University dinner, .said I Was never a sharer of the folly which recklessly attempted to impose a Nationalist Parliament upon N iriheir. heli i:;! It still may not be possible to say all differences are now reconcilable, but I predict that if men of the quality of the present Governors of South and North continue to hold ;h.reins, the two must gradually • me together. NEW YORK, April 21. Strong opposition is developing among several members of the Australian Industrial Mission against tbe request made to Mr Bruce for a month’s extension, Mr Ludowici intimating that owing to private reasons he must return on the original date. There is likely to be a stormy meeting of the Mission when the question is again discussed, other members favouring an extension of time, and believing additional industries should be included. LONDON, April 21. In the Dail Eira’nn, the Hon. Erast Blythe (Minister of Finance), introduced the Budget. The National debt is £16,290,000 compared with £l3 520,000 last year. The army expenditure was £1 500,000, a reduction of £500,000. The revenue for the current year is estimated at £24,450.000. The Government is establishing a committee to examine expenditure and recommend reductions.

LONDON, April 22. The ‘Daily Telegraph's” diplomatic correspondent says that London financial circles are astonished at the news that the German banks, in co-opera-tion with the industrialists, assisted by 60 per cent. State guarantee, are negotiating with the Soviet Government for grunting the latter commercial credits between £40,000.000 and £60,000,000. The credits will be repayable in eight years. The money will he expended in the purchase of German goods. Thus Moscow’s capital will be freed lor political campaigns in China and elsewhere.