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THE CHINA MAIL, AUGUST 3, 1938.

IMPORTANT AGREEMENT SIGNED IN BERLIN

Berlin, To-day.

A Supplementary Agreement to the Franco-Ger- man Trade Agreement, which was signed here yesterday, provides principally for the inclu- sion of the former financial transactions be- tween Austria and France in the Franco-Ger- man Clearings Agreement.

Trade quotas are also modified, Berlin representative of the Essener with special regard to the incor Nationalizing: "That the Agreement poration of Austria in the German reached is to be attributed

to the Reich and certain revisions in the fact that the negotiations were quotas which were agreed upon one marked on both sides by good will*:

and the wish to arrive at an under- year ago, are also included.

Customs Regulations are altered standing. The Agreement is regard- so that those applying to the Ger-ed as a sign of improved relations in-between the two countries and as man Reich are also extended

a step forward on the way towards clude. Austria.

tos

In this connection, particular the real appeasement of Europe, Customs advantages formerly en- which to-day is in a state of re- joyed by Austria in transactions grettable unrest-Trans-Ocean. with France are extended to in- clude the entire Reich.

The quota for iron-ore, imported from France, remains at the full amount, although imports are at the present time behind quota.

The Franco-German. Agreement

QUIET ARRIVAL

OF RUNCIMAN

will also apply to the French Man-|#6

"STAFF"

date Territory of Syria and Le- banon..

ANGLO-GERMAN MODEL

Prague, To-day. The director of the economic de

The question of the Austrian partment of the British Foreign

Office, Mr. Ashton-Gwatkin, who debts and the National loans are regulated in the manner similar to enjoys the reputation of being an authority on Danubian questions, that adopted recently in the agree and who therefore has been unof- ment between Germany and Eng- land, Germany having maintained ffcially attached to Lord Runciman her position that she can not leas adviser by the British Govern- ́ment, arrived here from London by gally be obligated to assume

plane yesterday afternoon accom- responsibility for Austrian debts.

panied by other members of Lord With consideration for the mu-

Runciman's staff. tual interests of the two Nations a practical solution is found through which a Franco-German transfer

can be regarded as certain.

the

The Agreement concerning the private transfer is also extended to Austria,the interest rate having been reduced from 3-1/2 to 3 per cent.

Several members of the staff of the British legation in Prague and representatives of the Czech Gov-

ernment welcomed· the Britishers on their arrival at the aerodrome.

The members of Lord Runciman's

where a suite of rooms was reserv- staff proceeded to the Hotel Alcron

ed for them on the first floor.

The transfer of the interest on

The arrival of the staff of the the Young and Dawes Loans is to

British."investigator and media-. take place on a similar basis as that

tor" attracted. little attention as agreed upon with England, except far as the general population was that the interest rate has been set concerned. A few journalists “had at five per cent., in view of the been waiting at the aerodrome, but downward tendency of the franc.

few people witnessed their arrival It will be recalled t that in the at the Hotel Alcron in the narrow

Agreement with England, the in- terest rate on the Dawes Loan was fixed at five per cent. and that on the Young Loan at 4-1/2 per cent,

AMORTISATION PLAN

The French holdings consist principally of the Young Loan shares...

The funds made - available

Stephansgasse.—Trang-Ocean.

CHINESE ENVOY LEAVES BERLIN

Berlin, To-day.

The former Chinese Ambassador, Dr. Tien-feng Cheng, who has oc

through the réduction of the inter-led the post in Germany for the

past two and a half years as the est rate will be used for amortiza- diplomatic representative of the tion, this beginning immediately in Chinese Republic, left the capital case of the Dawes Loan and in two yesterday. Among those who were years on the Young Loan.

at the station to take the farewell

The Agreement which consists of of the Chinese diplomat the Doyen numerous clauses will become ef- of the Diplomatic Corps,......... Mon- fective at the beginning of August. signore Nuncio Cesare Orsenigo,

Trans-Ocean.

the staff of the Chinese Embassy the Under-Secretary, Dr. Woer- mann, the Legation Councillor Count Strachwitz, and Legatio

presentatives of the German F eign Office.Trans-Ocern:

IMPROVED

RELATIONS Secretary, Herr von Balen are

Berlin, To-day. The Director of the Department Trade Agreements of the French Ministery

Commerce,

headed

which

Mr. W. Smith, M. Causeway Road, has repor the when he was driving pri con- No. 1448, along Hennessy

Road

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