The Archive · 1931

Court Action Over Dog John Haig

In the action of Jorge v. the Canidrome, concerning the mishandling of the racing dog, John Haig, information is at hand that counsel for plaintiff, Mx. d'Estrees gave notice of appeal to the Saigon Higher Court on Thursday. Plaintiff, according to French law, Rubmitted alist' of names of witnesses on Thursday, to which counsel for the defence objected, ing that an independent veterinary should be appointed. The Court ruled out witnesses and held that Capt, Bott, late racing. manager at Luna Park, should examine the animal, Holding that Capt.. Bott was not 4 qualified veterinary, counsel for plaintiff gave notice of appeal. gold parity, measured by the New ork and Paris Exckanges. Most organised markets for imported Jeommodities show rises in price

[depreciation of sterling.

rough this The general view expressed in the city is that the depreciation of ithe currency will have a restrictive effect upon luxury imports, while it will set as a bounty upon ex. ports of British staple goods. It is thus believed that manufacturers may gain a stimulus from this temporary lowering of the exchange, and that the Stock E: Jchange is likely to discount this probable consequence by marking jup the prices of certain classes of indust res, Although the " Stock Exchange was closed, yesterday, an active Street Market was formed from 10 Jo'cloek in the morning. Confidence seemed to be entirely restored, and good deal of business was done. The street prices for German loans were several points higher than week and quite a boom took place in home "industrial "shares, especially steel and textile shares, Jamong which Vickers, Courtaulds and "Coates were" particularly strong.

Mr, Snowden, the Chancellor of the Exchequer, pointed out yester-Jday, that besides losing over #200,- 1000000 in gold and foreign cur-rendes withdrawn during. the last two months, London had locked up £70,000,000 in Germany. which cannot at the present juncture be removed.

The crisis necessitating the Gov-Jexnment's decision was due to the inability of Great Britain to with-Jdraw credits from other countries owing to the risk of causing the ruin of her debtors coupled with panic withdrawals by her erediors of money' from, Snowden recalled the fact that after the War, Great Britain exported to, United States £233,000,- 900 of gold in discharge of her ligations, and later £280,000,000.—- Route London, Sept, 21, Telegrams from all over the world show that there have been strong repercussions ari the British Government in connection with the suspension lof the gold standard, The closing of the London Stock

faction all over Germany and the Exchange to-day has led to Continental centres including Am:

Wheat, sugar, rubber, and metal, ian currency reserves consiste of Calcutta, Sept, 21.

AIlshades' of French opinion are gold which is now worth more.

Sterling, the external reserve. for The Stock Exchange did not open expressing admiration at the de-{termination with which the British maintaining currency is antomati—day, owing to uncertainty cally stronger than before, £0. thi arented on the receipt of the news fare facing the crisis, and to-day important political and financial 7 correspondigln e" sola standard, that Great Britain had auepended discussions, presided over by the Minister of Finance, M. Flandin, The appearance of the rupee be-message from Bombay one. proceeded in Paris with the object ing "unstuck" is due possibly to the ounces that the Stock Exchange: suspension in India of business by th of helping the British Government. rare has closed.—Reuter, At a meeting of the London ing bank holdaye in Horsey sod Bombay, Sept, 21, Calcutta. "Phe banks. will reopen ban in Bombay a leaving House bankers to-day it In view of possible financial ro: was decided that the rate of intertormorrow (Friday) whan they wil Jactions to the suspension of est on deposits, at seven days Fesume business with the rupee at gold standard by Great Britain, notice, in the City and County of 5 49/644. the virtanlequtvatent focal governments declaring London should be four per cent. fo public holiday to-morrow, The price of gold has been fixed London, Sept. 24.

The Calcutta Stock Exchange is at the nominal quotation of 84/92 er ounce fine. fon the London "Stock Exehi Fast and carious an wag th vae|rmélning closed until"

Saturday's price Yesterday in all classes of secur Reuter.

Bombay, Sept, 23, ties except gilt-edged, which de.

London, Sept. 21, There was a panic on the bullion clined, to-day has been almost more The Bourses at Zurich, Geneva, exciting. market this" morning owing to und Basle decided to suspend quota "Prices have bounded up by shi Bt amours of a heavy depreciation in tions in sterling provisionally... In lings and even pound rokers ster the early stages the quotations are congratulating themselves on Gold was quoted at 24 rupees 2 showed a drop of nearly 12 per the "Volume of orders passing an nas a tala and silver at 49 rupees through their. hands, per bar for the first settlement, 'Among the most remarkable London, compared with 47.11 on Monday, advances in the past two days have been a rise of a08 in Rio' Tintos But these rates were only nomina

notice the purchase of foreign ex-des, robbing ent "trier change by British. subjects or re-Royal Dutch (now £163). Shells, change (vow £18) and a rise of 64 in i Neer ness as done and which two days ago were under [Mange is imminent is sidents of the United Kingdom ex-1.10.0 are now nearly £2.50 and Cotton opened at'162 rupees for cept for purposes of normal trading advances of 5 per cent, in Broach, Aptil-May delivery, which

The Treasury also says that for-Yalues occurred in. several easet.—8 rupees higher than Was ut el cted.—Reuter, leign exchange may be purchased for

Text read from the printed page and cleaned; old type leaves the occasional error.

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