GENERAL CABLE NEWS.

Gisborne Times, Volume XXVII, Issue 2634, 16 October 1909, Page 5

GENERAL CABLE NEWS.

A BELGIAN PRINCESS’ FINANCIAL SCHEME.

United Press Association—Copyright, BRUSSELS. October 14.

Princess Louise of Belgium is endeavoring to raise a £5,000,000 loan on the pledge of her inheritance of King Leopold’s estate.

[Princess Louise is the eldest daughter of the King of the Belgians. In 1875 she married Prince Philip of Saxe -Coburg-Gotha, but the marriage was dissolved in 1906. King Leopold recently sold some valuable pictures in order, it was said, to prevent them from falling into the hands of her creditors at his death.] India. LONDON BANK RATE INCREASED LONDON, October 14. The bank rate has been raised to 4 per cent. THE CRYSTAL PALACE. The Chancery Court has ordered the compulsory winding up of the Crystal Palace Company. A MINING PROPOSAL. Shareholders of the Australian Deep Leads Trust have approved of the proposal of the director to acquire oil fields at Maikop, Caucasus, in conjunction with the Victoria Deep Leads at Moorlort. The whole of the directors are favorable to the proposition. LOAN OF £7,000,000 FOR TURKEY CONSTANTINOPLE, October 14. Turkey has contracted a loan of £7,000,000 with French financiers. Two millions will be issued in London. BLACK LABOR IN AUSTRALIA. MELBOURNE, October 15. Official returns show that while 67.93 per cent of Australian sugar was produced by black labor in 1902, the percentage decreased to 9.76 in the present year. TASMANIAN POLITICS. HOBART, October 15. In the Assembly, Mr. Ewing moved a no-confidence motion, on the ground that the Ministry had broken their pledge to remove anomalies untTer the ability tax. . The division resulted in favor of the Government by 18 to 11. IRRIGATION IN TURKEY-IN-ASIA

(Received October 15, 10.25 p.m.) LONDON, October 15.

Sir William Willcocks states that without a railway from "Bagdad to the Mediterranean, irrigation in Mesopotamia will be fruitless. A railway would cose two and a-lialf million sterling, and the works for preventing the overflow of the Tigris and Euphrates would cost £700,000.