GENERAL CABLE NEWS.

Gisborne Times, Volume XXVII, Issue 2681, 10 December 1909, Page 5

GENERAL CABLE NEWS.

TAXING MILLIONAIRES

United Piucbb Abbooiation— Copyright / LONDON, Dec. 8.

The House of Lords has decided that estate duty must be paid on a million and a half foreign bearer bonds deposited in London by W. Winans, a millionaire who was domiciled in America but died in London. The executors claimed a refund of £130,000 duty which had been paid an order to obtain probate. A VICTIM OF CIRCUMSTANCES. Obituary: Adolf Beck, the’ famous . victim of mistaken identity, who, in . 1904, was given £2OOO by the Government as compensation for wrongful arrest and imprisonment. He died in London in a state of destitution. THE NICARAGUA TROUBLE. General Estrada defeated President Zelaya’s troops at ‘ Roma. Zelaya’s casualties totalled 100. AMERICAN METHODS. The Phoenix Insurance Company of New York is writing off £21)0,000, which it is alleged George Sheldon, the late president, illegally used to his own speculations. Mr. Hitchkiss, superintendent of the State Insurance Department, declares that there has been no examination of the Phoenix Company’s accounts for 22 years. A LADY’S FREAK. The “Daily Mail” states that Lady Constance Stewart Richardson appears in classical dances at the Palace Theatre in London in January and February. A NEW ZEALANDER IN LONDON. The Maori princess Peara Nene made a successful debut at Queen’s Gate Hall. TO GERMANISE THE POLES. RERLIN. Dec. 8. Prussia is enforcing the Expropriation Act against the Poles to increase the number of German settlers in the Eastern provinces.- The Act places £20,000,000 at the disposal of the Colonisation Committee. IN PRAISE OF PROTECTION. Herr Delbrueck, in a boastful speech in the Reichstag, declares thtat Germany’s fiscal policy had conquered the markets throughout the world. THE ALBERTI FRAUDS. COPENHAGEN, Dec: 8. The Folkething (House of Commons) has agreed to the prosecution of Christensen. [M. Christensen is ex-Premier of Denmark and is accused of complicity in the Alberti frauds.] BRITISH NAVALS ON THE ALERT TEHERAN, Dec. 8. British gunboats on the Persian Gulf captured three dhows engaged in gunrunning. Two thousand eight hundred rifles and 460,000 cartridges were seized. FINANCING PERSIA. ■ The Persian Parliament has approved of the Government borrowing half a million sterling, also for the employment of Europeans to organise finance. Russia and Britain suggest Frenchmen, hut the Persians prefer as financial experts natives of a smaller European Power. Russia is insisting that the Russian officers organise the new gendatmerie.

RUSSIA’S NAVAL PLANS. ST. PETERSBURG, Dec. 8. The Czar has sanctioned a scheme of fortification of the Finnish coast, and the transformation of Reval into a naval fortress. THE CHINESE RAILWAY LOAN. ~ NEW YORK, Dec. 8. American hankers at last seem assured of a share of the Chinese railway loan. The Government is insisting that American railway material used be of exact equality to that of other nations participating in the loans. COMMANDER PEARY. Commander Peary has started lecturing. There were 10,000 persons present at his first lecture at New York. - ICRUPP’S PROFITS. (Received December 9, 10.20 p.m.) BERLIN, Dec. 9. Krupp’s net profits -for the year are £760,381 sterling, compared with £924,408 last year. ANGLO-GERMAN TREATY. The Bill for the renewal of. commercial arrangements with Britain has been read a third time in the Reichstag;':" \ y.-'i - *r! ’ iv LORD MAYOR OF SYDNEY. , ' • ■ , . . SYDNEY. Dec. 9. Mr Taylor has been declared Lord Mayor of Sydney, unopposed.