THE CHINA MAIL, JULY 15, 1989.

Page

Further Extended Credits To China Urged In House

CHINESE MUST BE REGARDED AS ALLIES

London, To-day.

Several references to British exports credits to China were made in the course of the debate following the motion of Mr. Robert Hudson, Secretary for Overseas Trade, for passing the second reading of the Government's Overseas Trade Guarantees Bill (which was carried without a division) in the House of Commons yesterday.

NEHRU LACKS TIME TO VISIT CHINA

Bombay, To-day.

*

Nationalist leader, gave Reuter an Pandit Jawaharl Neru, the Indian interview yesterday on the report that he would visit China,

BUNTING AND CO.'S AFFAIRS

London, To-day. A meeting of parties interested in the affairs of Messrs, Bunting and Co., the big tea firm, has de- cided to appoint a committee of seven representing banks, discount order to consider further the com- houses and creditors generally, in pany's position.

The committee will advise on the course of action to be taken at # Mr. Nehru said he had been meeting convened for Monday. wanting to visit China but did not

Meanwhile, arrangements bcen made to continue pany's trading.-Reuter.

know if it was possible.

There was no immediate prospect of a visit in view of the internal

situation in India.

Mr. Nehru

went to Ceylon by "mission of

Mr. F. J. Bellenger (Labour) recalled, as instanc- ing how little control the House would have over financing acts of the Board of Trade under the Bill, that he had asked Mr. Hudson Commitee, in an attempt to bring

air yesterday on a peace" in accordance with the re- solution of the All-India Congress

the

HITLER SPEECH

have

com-

Berlin, To-day. Hitler's speech on Sunday is

11.10 a.m. (B.S.T.)-6. p.m. Hong Kong Time.

on July 10 how much Sterling guarantees about a settlement of the problem expected to be delivered at about would be given British trade in an area very vital to British trade interests -China.

Mr. Hudson had told him that it in which she finds herself. was not the practice to state thé amount of the Department's com- mitments in respect of a particular country.

UNREASONABLE?

"Imagine my surprise this morn- ing (continued Mr. Bellenger) to see in clause two of the Bill that it is provided that returns shall be submitted to the Commons in.

due course showing the amounts guaranteed to different countries under the Bill.

to

"Would it be unreasonable ask Mr. Hudson to give now the information I sought on Monday, because I have something very critical to say about the financing of British trade in China by the Overseas Trade Department.

"We have expended very little money in that area, where presum- ably we are in sympathy with de-

mocratic interests."

MEASLY SUMS

were

we

Mr. Bellenger pressed Mr. Hud- son to state how much we helping China and how much are going to assist her under the Bill.

NEW CREDITS

Mr. Philip Noel-Baker (Labour) felt certain that it was in our in- terest to treat China very gener- ously under the Bill.

be

the

He urged that China should brought within the scope of Bill and given new credits beyond those at present granted.

Reuter. of Indian--Jabourers in Ceylon.--

Government now claim that their foreign policy is built.

OPEN SECRET

Mr. Robert Hudson, winding up the debate, said it was an open

It is stated that the speech will not "be political.-Reuter.

How Gibbs "S.R.

secret that under the £10,000,000 SAVES TEETH

of the Export Guarantees Act & portion was allotted to China. It was by no means absorbed.

There were considerable difficul ties in the way of coming to an gen-greatest needs.

agreement as to what were China's

The terms of the Board of Trade

contracts with her should be erous. In no other way under the Bill could we so plainly serve our vital business interests.

JAPANESE DEMANDS The Japanese militarists had de- manded that they should be free to establish what they call their new

order in China.

the

Neither the British nor French, or any

other Western Power, had any intention of agree- ing to the Japanese demands in- dicated by Japanese posters that Britons clear out of Asia.. ~

THE LARGER LUNACY The Government did not mean to surrender their position. If

we desired to maintain our rights and position in the East and keep an Mr. Robert Morgan. (Conserva-independent China obviously the tive) asked if credits, for only Chinese armies, fighting to-day few hundred thousands had been were our allies

p

a

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UNDESIRABLE there was any objection to giving Replying to a question whether the amounts of the guarantees to China, Mr. Hudson said there was an objection to giving details as concerned, both in regard to far as any particular country was

normal commercial transactions, and he thought it was generally agreed that it was undesirable in case anyone should trace indivi- dual transactions. — Trans-Ocean.

COLLECTIVE SECURITY

London, To-day. The Export Credit Guarantee

Guarantee Bill, was read a second Bill, now called the Overseas Trade and if their re-time in the House of Còmmons granted. to China, although they sistance collapsed, it would be a without division yesterday. -sought millions.

very grievous blow not only to Bri- Mr. G. Benaon (Labour) said" Was it that while the Govern-tish interests in the East but to that if the policy involved in the ment might have approved in prin- the whole peace front all over the Bill had been carried out seven ciple the granting of requests by world,

years ago, we should not be paying $720,000,000 this year for ments.

the Chinese Government, the Therefore it was in our interest amounts were being prevented to help China. It was lunacy that from being paid owing to circum- the British Dominions, colonies locution in Government offices? and. British India took over 40 per

U.S. POLICY

cent. of Japanese exports.

arma-

The Bill, he said, was a recogni- tion of the importance of collec tive security and of the fact that the small non-aggressive States.

in their interests but in ours. must be helped by Britain not only

A LONG WAY. He did not know whether the Mr. Noel-Baker said that if Mr. Americans were longer sighted Hudson treated China very gener than we, but it seemed as if they ously he might help to defeat the WHISTLE FOR MONEY were forestalling us in the China new form of financial aggression Unless the Government was pre- market he referred to the trade the Japanese were trying to carrypared to change the policy of high in goods for reconstruction.

out against the Chinese dollar, tariffs he was afraid we would He could not think the Ameri- Money went a long way in China, have to whistle for repayment cans would have granted £5,000,000 and 25,000,000 there might produce the loans, to Ching without some idea of get-results for

ent as £260,000,-

Europe.

ting nor

It the countr

[000 would pro

of the

of opin- part

we not only

Replying to the debate, Mr. R. S. Hudson, Secretary for Oversen Vital Trade, said that if they found that hink Sterling loans were required they would not hesitate to ask the House tch for the necessary authority.—Reu-

ter.

a

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