THE CHINA MAIL, JULY 2, 1938.
Page
DEBT
ANGLO-GERMAN AGREEMENT ACHIEVED
Loans Marked Up Appreciably On The Curb
Reich Accepts Legal Liability For Austrian Loan
London, To-day.
The Chancellor of the Exchequer's announcement concerning the British-German debt agree- ment came after the close of the stock ex- change but Austrian and German loans were marked up appreciably in unofficial street dealings, despite the meagreness of actual business.
The agreement is too intricate to enable the City to arrive at a full appreciation of the terms, but the rise in prices illustrates the generally fa- vourable reception.
The German government's under-] taking, not only to continue the
debt service on Austrian loans, but ARE YOU UNHAPPY?
also to transfer 50 per cent. of the interest on non-Reich. loans, has been particularly welcomed.
It is estimated that the transfer will involve some four million pounds sterling, which is consider- ably more than at present.
GERMANY'S GUARANTEE Germany guarantees to maintain the present proportion between the British exports of finished goods and the total exports, while provid- ing a sliding scale for the alloca tion of sterling proceeds of Ger- man exports upwards, out-of which British exports will be paid.
BY A SPECIAL CORRESPONDENT
THRILL FOR EMPIRE AIR DAY. One of the features of Empire
Air Day at Gosport was an aerial attack on a "bättleship”. A model of ̈ H.M.S. Rodney were constructed at Gosport and fixed onto a tractor, for event. Photo shows a Swordfish torpedo plane practising on the mo-
del
KEEN BIDDING FOR HOGARTHS
(By A. C. R. CARTER)
"Count your blessings, Name them one by one But do you count your bles sings? Do you ever realise that your troubles, your worries, are trifling compared with the sor rows which scourge other folks? Consider the case of Mr. and Mrs. Hogarth would have enjoyed the command huge bidding. Yesterday The D. Thomas, of Poplar-road, Ponty-gusto of the bidding at. Christie's one of his huge versions of pridd, near Cardiff.
yesterday. Although he knew the Assumption of the Virgin" fell at This afternoon, Mr. and Mrs. worth of his art and was forthright 960 guineas to Mr. Fenouil, just one-
it was It is the opinion that Britain's Thomas will bury their only daugh-in championing it, he had to be con- fifth of its price in the Cuthbert
tent with frugal prices for his pic Quilter sale, 1909, when firm attitude threatening the estab-ter, Edith. Who was eleven.
Last Thursday afternoon Mr. tures of life and action. Art chroniclers in 1852 wrote
bought for the late Leopold Albu. lishment of exchange clearing has
Therefore, as he had to accept
reams about The Assumption." been instrumental in bringing a and Mrs. Thomas buried their eldest
son, John, who was fourteen.
only 46 guineas from Sir William solution. Reuter.
Both children died from scarlet Heathcote, in 1788, for those vivid which belonged to Marshal Soult, fever. They had only been ill a
scenes of London life, "Morning" which then proceeded to bring near-
Every Eur few days.
Hardly had the parents realis- and "Night," he would have rejoiced ly £25,000 in Paris. ed that John was dead when to know that, two centuries later, opean nation was represented at the the London art market appreciated contest when this famous picture Edith died five days after.
IN SAME GRAVE
the pair, each only 29in by 24in, to was acquired for the Louvre.
With regard to the array of works- Edith will be buried in the grave the tune of 2,400 guineas,
by George Morland from the Abbiss It was soon where her brother lies.
Martin meant to win that several were kept for a member
Although of the family.
BASIS OF AGREEMENT
London, To-day, The basis of the British-German debt agreement, which was announc- ed by the Chancellor of the Ex- chequer în the House of Commons, is that without question the legal
·liability of Germany to reimburse
And this afternoon the the United Kingdom for any sums paid with respect to their guaran- little schoolfriends will place their them against all comers.
Hogarth on the double the Knoedlers and other tees of the Austrian guaranteed simple tributes
lovers showed much zeal, he outstay- grave. Ioánis.
He was
acting Edith and John were clevered them all.
English scholars at school.
Now death has called them, say collector who is eager to add to his rich collection any truthful por "Enough.”
trayals of English 18th century life
same that Sir Ascernible yesterday Phillips collection it has to be stated
The settlement also confirms the principles and arrangements reach- ed between German i representatives and the German Long Term Credi- ing tor's Committee, regarding the fu- turc service of other German and Austrian long term debts."
TRADE AGREEMENT
A Trade Agreement was reached
'off for the revision and allocation
Does this end the sorrow the stricken parents?
for a well-known pain
A MORLAND FOR £567
It was noticeable that Sir Harry Hague, standing near Mr. Edward Smith, the veteran auction clerk, vas keenly interested and often pro- mupted Mr. Smith to bid up for him. Thus be was able to win three very and manners.
The Hogarth incident outshone fine examples, including the idyllic aged everything else in the Heathcote ser
ttagers, 1995, painted when tion of the gale: Note" should be
rland was 32 at 540 guineas, and And during the last two years made of a large hunting ground by
mall panel of a woman feeding Mrs. Thomas has undergone five Romney's friend. Daniel Gardner, pigs at 240 guineas
which fetched 810gns (Gooden and Mre
It does not.
Their youngest son, Alan, nine, is in hospital.
United Kingdom exports out of operations.
፡!
sterling proceeds of the German ex-
And last year Mr. Thomas" met ports to the United Kingdom on a with a serious accident which kept sliding scale, which will enable the him from work for nine months, level of United Kingdom; exports to Now he works as signalman on the the Greater Reich to be maintained G.W.R. at Pontypridd. as heretofore.
once plaWhy should all this sorrow humble Both Governments have under have fallen on this taken to further negotiate with a family? view to increasing mutual trade improving .. British-German
and
We cannot any.
“Why
~: All we can say is this:
It hapened to them and not has toms?emus ***Count your blessings.
trade relations. These arrange- ments will effect today,id=
Reut
ilson gave 400 guineas for the Husey nys group Fox) and of a group of four chil
family, and the Fine Ar Society dren by William Owen, R.A., 1
Vicars). Rare among Royal acade paid 1080 guineas for the pair of micians Owen refused a knighthood, small Raeburn portraits of John William Campbell and Mrs. Campbell of His portrait of the Rev. Heathcote was bought for the Na-j'Morriston. tional Museum of Wales, Cardiff, at 105gna.
DECLINE OF MURILLO
At Sotlieby's the varied collections sent from Brussels by the Comte de Renesse totalled nearly £2,900. The chief picture was a large family The days have gone by when, an group by Craenhurch, for which Sir impressive work by Murillo used to. Francis Pook gave £200,