London, Nov. 3. Mr, Winston Churchill, Chancellor of the Exchequer, in a' speech at SheMcld to-day announced that the Government had decided to remove the embargo on the issue of Dominion, Colonial and foreign loans on the London market, Loti Mr. Churchill emphasized that! the wisdom of restoring the Gold Standard was exemplified by the fact that the middle autumn drain was the most difficult time of the year. The Bank" Rate was lower han' in 1913, but such a great change necessitated delicacy of judgment at every step. They had to bear in mind not only the desirability of removing what was called the embargo on overseas Joans, but the possible effects on. home industry of over-lending. abroad, Mr, Churchill's Advice to London Market Later.
(After announcing the immediate removal of the embargo on the issue of Dominion, Colonial and foreign (in his speech at Mr. Churchill said that the old full freedom of the market will be The City of London must be responsible for using that freedom wisely and soberly. He declared that over-lending would bring its own corrective and that he trusted to the good sense of the city to manage its affairs with discretion and pay regard not only to the Large, organized parties of far. mers are arriving at Bowen to load idle ships. They declare that they are ready for any emergency. Extremists in Bowen are resorting to sabotage. They have emptied coal tricks to prevent the farmers from carrying out their plan Nov. 2.
The tension at Bowen, where Parties of farmers are. defying the strikers and loading cargo into idle ships, has intensified. The telegraph service is interrupted, and if the strikers and watersiders adopt belligerent attitude a conflict is possible.
Later.
Railwaymen at Bowen have refused to handle coal trucks for the steamer Port Hardy. Farmers have announced their intention—of drawing the coal to the jetty. The police, however, have been instructed to" prevent farmers and others from interfering with the railway property.—Reuter.
Melbourne, Oct, 21.
Leaders of the local seamen's union express confidence that Walsh, who recently avowed his willingness to accept the presidency of the new Federnted Seamen's Union to be formed in Great Britain, will go to England, in which event the seamen's strike in Australia will bel called off and activities transferred to London.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.