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THE CHINA MAIL, JUNE 19, 1937.
SENATE PRESENTS BLUM WITH NEW BILL IN FORM OF VIRTUAL ULTIMATUM
Paris, To-day.
the effect of drastically curtail- While the Premier, M. ing plenary powers and will vir- tually leave the Premier free Leon Blum, had agreed only to deal with speculation in to meet the Senate Fin-the franc.
Under the Bill, the Premier would ance Commission yester-have no power to control exchanges day afternoon, that body and modify parity of the franc as seems determined to fixed by the Monetary Law on Octo- ber 1 last year, to enforce loans, block his demand for consolidations and conversions, to
plenary financial powers. It has now drawn up a Bill which it wishes the Government to submit and which will have
ITALY IS MOVING HER PLANES
Italy is concentrating her aerial strength along the Mediterranean instead of in Northern Italy as was formerly the case.
the
modify the laws governing rela- tions between the State and the Banque de France, or to take mea- sures limiting the controlling and suspending of settlements in francs or gold, or to transfer capital or securities.
The Premier would also not be empowered to take measures pro- hibiting free quotation of foreign currencies or tending to add fresh expenditure to the State or public bodies.-Reuter.
Synthetic Rubber Again
This was explained by General Valle, the Italian Under-Secretary for Air, in a speech made in Italian Senate.
A new "synthetic rubber" sub- General Valle made a reference stance, from which, it is claimed, as motorcar tyres, to Great Britain when he said that such articles "To-day the strongest naval coun- gum-boots and hoses can be made, try in the world has appropriated is on show at an exhibition organ- for its Air Force a sum that is near-ized by the Federation of British ly equal to its expenditure on its Industries.
9,000,000,000. lire
Fleet-namely,
The new substance, called Neo- (£100,000,000), for its 1937-38 Bud-prene, is made of coal and lime, and to the layman's eyes cannot be
get.
has
He added that Italy's "centre of distinguished from real rubber. gravity". for her Air Force moved from the valleys of the River Po in Northern Italy to the diterranean Sea, the Red Sea, the Indian Ocean.
There is, however, no question of it replacing the natural product, Reuter was informed at the exhibi- tion.
Me- and
i.
"That is not the idea at all," said an official of the firm that manufactures Neoprene. "We are only recommending its use in those cases where conditions are un- favourable to real rubber. In all other cases, real rubber serves its purpose admirably and is much cheaper.
"Most Modern”. "This," he said, "explains the strengthening of all our air bases in Sicily, Sardinia, the Ægean Sea, the Island of Pantelleria (between Sicily and. Tunis), and Tobruk.
"This allows our air divisions to pass from one side of the Mediter-
"At present the new product ranean to the other in a few hours." costs about three times more than The material of several Italian natural rubber to produce, and air squadrons he described as be-therefore there is no question of ing changed at present from "mo- the two substances competing. But dern to most modern."
where natural rubber fails, our
He said that fighter machines product proves its qualities." were able to climb 8,000 metres The various articles for which its (24,000ft.) in eight minutes and fly use is recommended are fire-hoses, at a speed of nearly 800 miles per pipes for oil and petroleum, cable- coverings and, in different ways, on motorcars and aircraft.
hour.
The number of Italian air pilots, he revealed, is already more than 10,000, while there are more than 20,000 workers building new air bases throughout Italy and the is- lands.
Their First ““Talkie”
DRAGON BOAT DISASTER
Canton, To-day. The oldest and the most famous dragon boat of Kwangtung, belong-- During the call of the Pacific ing to the Yimpo village, was in- Steam Navigation Co. liner Reina volved in the disaster caused, it is del Pacifico at Port Stanley the in-alleged, by the wash of the 6.5. habitants of the Falkland Islands Kwongtung on Thursday at 7.00 saw for the first time a "talkie." p.m.
The film "Rose Marie" was shown It is stated that, there were in one of the saloons of the liner. eighty persons on board the boat The audience was enthusiastic. and only about sixty were saved.—
Our Own Correspondent,
Silent films have been shown once a week at Port Stanley, for some time, and arrangements are now being made to exhibit "talkies" regularly.
· Leicester: City Council decided by a majority to maintain the site of the Roman Forum there as an open space.
"