CHEAP MONEY MOVE

IN NEW YORK

New York, To-day

The United States Federal Re serve Board have announced a two-

HITLER'S FIVE HOUR SALUTE

Nuremberg,

Herr Hitler stood saluting for nearly five hours, reviewing parade of 110,000 Storm Troopers and Black Guards from all parts of Germany yesterday.-Renter.

point programme to maintain low plan followed a two day session of interest rates. ~~~~

The plan provides:

Firstly, liberation of $300,000,000. of sterilised gold, and,

Secondly, purchase of Govern ment securities on the open market by the Reserve Board.

Imittee

THE CHINA

ITALIAN AND FRENCH NEWSPAPER COMMENTS ON ANTI-PIRACY PATROL PLAN

Rome, To-day.

Although the Sunday newspapers all carefully the Board's Open Market Com-avoid any expression of opinion on the results of Effect of the programme will be the Nyon Conference, they all point with evident to raise the supply of Bank funds satisfaction to the fact that Italy has been invited available for loan by $300,000,000, to participate in planned control and that the So-

viet is excluded.

plus whatever sum, the Board ex- pends on Government securities.

Announcement of the Board's Reuter.

CHOCOLATE MILK

D. E.S LATEST LINE

Several papers interpret the official communi- que as recognising both Spanish parties as belli- gerents, in spite of that part of the communique stating the contrary.

“Figaro" comments that ex- "Popolo di Roma admits that

clusion of Russian from active according to explanations given. by

participation

has

placed the en- the experts, any submarine bearing

tire Mediterranean situation on a the Spanish Nationalist flag has a

more healthy basis. right to stop or torpedo merchant ships without the control Powers The paper says that the last word being able to interfere, as long as has not been heard from Aloscow, Article 22 of the London Naval because the approaching session of Agreement, dealing with humanis-the League of Nations will afford ing submarine warfare, is not vio-Russia ample opportunity for more

action. Trans-Ocean. lated

RECOGNITION · IMPLIED "Voce d'Italia" declares that the

MORE THAN JOO UNITS OF action of the Conference in giving

VITAMIN "D"

PER BOTTLE

submarines of the Nationalists and Republicans the same status, im- plies recognition of belligerency and that that part of the preamble Ito the effect that the participating States in drawing up their agree- ment did not intend to recognise either Spanish party as a belliger- the ent, was included because of Soviet protest and to save the gen- eral situation.

PARIS SATISFACTION

EXPLOSIONS

IN HEART

OF PARIS

Paris To-day Two explosions occurred Saturday night in the Etoile the Arc de In Paris, a tone of satisfaction quarter, near prevades the

One papers naturally expressing grati fication that Bussia is excluded building in Rue de Presbourg,

which the offices of the Federation from control -

Le Nation" asserts that success of French Employers are roused of the Conference, which represent- The four top storeys of the ed extremely rapid action on the building were completely wrecked. part of both statesmen and techni- Two policemen passing the build- explosion cal experts, is conslusive proofing at the time of the e that the will for general European were injured, one dying later.

At the same time, another explo- co-operation still exists.

press, the Rightist|Tri explosion occurred in

The paper comments on the sion took place in the offices of the adox of a nation which is not Federation of the Metallurgical

in Rue Bo von, play

but no one.

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from

Le Journa

shevism was prev

of time from entering the ranean in the form of Russi

ships, and oph had her ties structed

proache

Powers

reen the

ANOTHER

The commentator on foreim SUBMARINE

the

This

of th the

ATTACKED

tation preparation

The care. reported handed in

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