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OLDEST NEWSPAPER
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No. 30,551
TUESDAY, DECEMBER 13, 1938
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AUSTRALIA'S CHOICEST
BUTTER
TRADE REPRISALS AGAINST JAPAN
JAPANESE BID TO ESTABLISH YANGTSE SHIP MONOPOLY
Shanghai, To-day.
Reports of the formation of à new Japanese shipping company aiming at a Japanese monopoly of all river trade between Shanghai and Yangtse ports, have caused consternation in foreign shipping circles.
new concern
|
Being Seriously Considered In
Britain And U.S.
London, To-day.
SAN JOSE SENDING OUT S.0.S. CALLS
MANILA, TO-DAY. A FORMER HONG KONG
Economic reprisals against Japan for her freezing VESSEL IS ASHORE IN THE out of foreign trade interests from China, is PHILIPPINES AND IS SEND being seriously considered in London and ING OUT S.O.S. MESSAGES. Washington, says the diplomatic correspon-the "Chief Capillano," for some She is the "San Jose," formerly dent of the "Daily Herald.”
time moored in Kowloon." Bay correspondent says that reports from the Am- until she was purchased by Ma- bassadors of both countries in China have indi-drigal and Co. of Manila. cated for some time that Japan is deliberately destroying all foreign trade competition.
The
It is stated the
For some time the experts of the will be known as the Yangtse United States Department of Com- River Steamship Company, and merce, and the Board of Trade in will have headquarters at Shang-taliatory measures could be taken. London have been studying what re-
hai.
Their investigations are now so The company is reported to
far advanced that Mr. Joseph Ken- have held its first meeting on Saturday, when about fifty direc-nedy (United States Ambassador in tors and a Chinese compradore London) has gone to Washington, were appointed.
The concern is to begin operations in January, and will maintain regular vices to all ports on Yangtse with a fleet of six-
teen vessels.
DAMAGE TO BRITISH
SHIPPING
ser- the
The damage to British ship-
ARABS CHANGE ATTITUDE
Beirut, To-day.
The "San Jose" was in Hong Kong only three weeks ago. Our Own Correspondent.
SECOND MISHAP
A second mishap to a Hong Kong ship is reported from North Borneo waters.
The vessel involved was the Danmark (Thoresen and Com- pany) and she went ashore dùr- ing last night on the Tubbatha Reef. She refloated herself this morning without assistance.
and the United States Ambassador
The leader of Arab irregulars in in Chungking (Mr. Nelson Johnson) has been recalled for consultation. Palestine, Aref Abdul Razzak, has of Haifa on Monday in connection
Significantly, too, Sir Ronald now authorised Arabs in Palestine with the shooting of a Jew.
House searches Lindsay, British Ambassador
took place in in to apply for travelling permits issu- Washington, has arrived in Londoned by the British authorities. three villages and it is believed that from New York "on holiday.”
A fine of four hundred pounds about 50 Arabs were arrested:- sterling was imposed on the town Trans-Ocean.
AMERICAN PROPOSAL.
One step envisaged in American
ping interests in Shanghai will circles is to deprive Japan of her run into millions of dollars as a benefits under the most favoured result of loss of trade if the Jap-nation clause. anese are allowed to control the Yangtse shipping business, an official of a leading British firm told the "North China Daily News."
Were such a step to be taken, the British Government would almost certainly follow suit.
President Roosevelt also has the It is generally believed the power, if discrimination against new company is a subsidiary of the importation or sale of Amer- the Japanese Central Develop-ican goods is proved, to exclude ment Company, which aims at "any or all articles" from the monopolising all trade within offending country.
the area occupied by the Japan- It is doubtful whether such dras- ese forces, and will proceed on tic steps are yet contemplated, but the same lines as the China In the question of increasing the land Steam Navigation Company, duties on Japanese imports has which secured a monopoly of all been closely studied. launch services in the Shanghai
area to the exclusion of foreign competitors. Reuter.
'
THE OUTLOOK
Any action of this nature would be a serious blow to Japan, for the United
WEATHER FORECAST British Empire and the
States are her principal customers, absorbing_roughly 50 per cent. of The Royal Observatory reports her exports, but retaliation of this that the anticyclone has moved into sort is calculated to lead to coun- the Pacific to the south east of Ja- ter-reprisals, and it is for this pan, and another is developing over reason that a most painstaking, China.
study of the question is being | Local forecast:-N.E. winds, made before any decision is reach
Bed, Reuter,
}
fresh;ulfino^to^cloudy,
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