13
THE CHINA MAIL, MÀY 4, 1938.
CHINESE COLUMN UNABLE TO HOLD GAINS IN
TANCHENG SECTOR
Shanghai, To-day. Reports received here state that the Chinese launch- ed a violent offensive along all fronts in south- ern Shantung yesterday morning and have re- corded considerable success in the course of yesterday's fighting.
It is claimed that one Chinese column reached the outskirts of Tancheng last night, but were forced to retire after a skirmish with the Jap- anese lasting several hours.
Japanese planes are supporting, the infantry, who however it is reluctantly admitted by Japanese
officials here, have been 'halted on all fronts.
An to
AUSTRALIAN
munications along the Lung-LOAN IN LONDON
Line was made by a fleet of Jap-1 anese bombers yesterday, but no serious damage was done. Traf- fic has not yet been suspended. Our Own Correspondent.
MA ON SHAN'S TRIP
London, To-day.
place yes- new Australian Loan in London of £7,000,000. The terms of loan will be a currency of from fourteen to eighteen years; rate of interest,' three and three- quarters per cent.; price of issue, ninety-nine.
terday for the
Underwriting took
The lists will open and close on Thursday.
Proceeds of the loan to the ex-
It
tent of £2,000,000 will be used to ⚫ is taken for granted in
finance the purchase in the United naval circles that Squadron Lead- er G. Francis, who is sailing to in connection with Australia's new Kingdom of stores, and equipment Singapore in the ketch, Ma On defence development programme. Shan, accompanied by his wife, The remainder will be applied has not run into any difficulties the redemption of Treasury bills as the result of the typhoon. held by the Commonwealth Bank-
The Ma On Shan which left in London.-British Wireless. on Saturday, carries a radio set,
and Squadron Leader Francis
to
would have picked up typhoon ly, moreover, in the good sailing warnings and proceeded-accord-weather-which-has-prevailed, that ingly.
the Ma On Shan would have been
It is considered more than like-' well clear of the danger zone.
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