CABLE NEWS.

Wanganui Herald, Volume LIII, Issue 15836, 5 June 1919, Page 2

CABLE NEWS.

Australian and N.Z. Cable Association LONDON, Juqe 3. It is understood enemy properties in the surrendered colonies will be sold, any debts due by the enemy owner being settled out of the proceeds, and the balance devoted to meeting repatriation claims against Germany. The enemy owner will thus have to make a claim on Germany for the balance taken by the Allies on the repatriation account. The Board of Trade Journal, referring to New Zealand complaints regarding the unsatisfactory nature of British manufacturers’ replies to New Zealand agents’ inquiries after the armistice as to the hope they intended to prosecute post-war trade, emphasises the fact that Britain was turned industrially upside down by the war. The Journal asks how British manufacturers could, in the circumstances, specify the conditions of post-war trade when supply and prices of material, amount and cost of labour and shipping accommodation and freights, were all unknown and not calculable. The Journal adds: It is unjust to conclude, therefore, that British manufacturers are indifferent to the New Zealand market and not appreciative of New Zealand conditions. The Cadbury and Fry firms have combined to form a British Cocoa Company, with a capital of £2,102,000. The House of Commons carried the second reading of the Dormant Bank Balance Bill, introduced by Mr Bottomley with the object of securing for the State unclaimed moneys in the hands of banks and companies, estimated to amount to at least one hundred millions.