CABLE NEWS

Wanganui Herald, Volume LIII, Issue 15788, 9 April 1919, Page 5

CABLE NEWS

Australian and N.Z. Cable Association

NEW YOE-K, April 7. Mr Hurley, in a speech, said; During the past 18 months the Shipping Board had constructed 3,640,403 dead-weight tons of shipping. The United States in 1920 would have 16,732,700 tous of ocean, going steel ships, of which the Government would own 70 per cent. United States shipping in 1920 would be equivalent to almost half the world’s merchant tonnage. I advocate that Gov-ernment-owned ships be sold and operated by American citizens under no restriction other than fixing the maximum freight rates. The Times’ Washington correspondent says; At the instance of Senator King, the American representative at Paris will be asked to take up with the British Government the question of temporarily stabilising wool prices in Allied countries, the purpose being to protect American wool-growers until the present clij) has been marketed. It is reported that Britain has several billion pounds of wool available for markets. An agreement will be sought to prevent its being placed on the market at one time or in sufficient quantities to depress prices. PAEIS, April 7. Interviewed, an American financial expert, who minutely studied conditions in Europe, said he would predict England would be stronger within a year than ever before because of her commercial enterprise and courage with which she meets debts by taxation. Britain’s situation, with her war debt of forty billion dollars, compares favour, ably with her debt per capita wealth at the conclusion of the Napoleonic war. Aix La Chapelle advices record that drastic measures were taken against highly-placed individuals found in possession of valuables looted by the Germans from occupied regions. Two professors were imprisoned, and Lieutenant Honningham (a multi-millionaire) was sentenced to four months’ imprisonment and fined 3000 marks for stealing medals from the Brussels Museum. The arrests were the result of the Entente’s Commission of Inquiry. NEW YORK, April 7. A car-load of New Zealand frozen mutton was placed on sale. Several car-loads have been consigned to New York. It is expected to sell the lot wholesale at a few cents under American lamb and mutton. '