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GRACIE FIELDS

MR 2950-Giddy up.

Swing your way;

MR 2889-Now it can be told.

The biggest Aspikdastra.

MR 2893-Donkey serenade.

Christopher Robin is saying his prayers.

GEORGE FORMBY

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Little Wooden." tool-shed.

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Sitting Pretky.

MR 2752-Mother what'll I do. Noughts and crosses.

BLUE HUNGARIAN BAND

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HILL BILLIES

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MR 2926—–Hill Billy Medley. MR 1959-Home, on the range.

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THE CHINA MAIL, JULY 15, 1939).

The China Mail Ninety-Fourth Year of Publication BA Wyndham Street, Hong Kong. Telephone 20022 London Office: 7, Garrick Street, London, W.C.2 Subscription Rates.

3 Monthia 6 Months One Year

... H.K.$ 9.00 ... H.K$18.00 H.K.$36.00

Postage Abroad Extra......»^

Hong, Kong Saturday, July 15, 1939.

paradoxes that the Stock. Ex-- change has come to look upon the prospect of an alliance with Sov- et Russia as the main hope for the improvement of business- conditions in the near future.

There is the result not of any affection for the Russians. On the contrary the Soviet govern- ment has fewer friends in the city than could be found any where else in the democratic countries.

The plain fact is that the Stock Exchange's criterion of foreign affairs is based upon the prospects of peace, for it is only when the uncertainty of aggres- MIRROR OF OPINIONsion is removed that the business of dealing in stocks and shares.

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It is, perhaps, poetic justice can flourish.-"Headway.” that those whose policy, or lack

There are three things that of policy, has done nothing to check the march of events to the Britain should do with regard to present perilous stage should propaganda. We should set up have to shoulder the responsibi- an Inter-allied Radio Board like lity of getting out of the mess; the shipping board in the last but It is certainly no satisfaction war, for radio services to our to know that those who have allies. Secondly, we ought to set been so short sighted are still res up a British Government News to the ponsible and solely responsible Service comparable

Deutsche Dienst, which serves: for our destinies.

To broaden the basis of Gov-effectively and freely virtually ernment, to include in the present every editor of every foreign Ministry the men who have from newspaper. Thirdly, we should

ín. the beginning stood for collective not be shy of buying space security, would give a guarantee, foreign newspapers, where we both to the nation and to the want the truth-as we see it tơi world that this country is at last appear. awake to what was happening: That it could no longer be capable of mistaking failure and humilia- tion for "peace with honour.” "Time and Tide."

If we

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We can afford to have our case. continuously and boldly stated.. We have in this country a story to tell the world. For too long we have left all the best tunes for the devil: Why not pluck up

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consider an economic courage and tell the world what blockade of Japan to relieve the we stand for?"New Statesman situation at Tientsin, the strength and Nation.” of our position lies in Japan's notorious shortage of gold and foreign exchange, and her, ad verse trade exchange with coun- tries that yield her foreign ex- change.

The communique published at the end of Prince Paul's visit to Hitler, with its emphasis on still closer political collaboration with the Axis Powers, has produced Some people here urge that we an unpleasant impression in poli- could do nothing without Ameri-tical quarters in Belgrade.

When Stoyadinovitch went to ca's help. It is true that with out her co-operation our economic Berlin last year he insisted on blockade would be only partly including in the communique an effective. But anything that allusion to "existing friendships. suggests that we want America with other States. This time to pull the nuts out of the fire for us, helps to deter them from action. "Great Britain and The East."

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the

this was omitted. It is thought that Prince Paul tried to avoid definite political commitment to the Axis and that nothing more will come of the visit than The least that can be said is number of economic concessions.

But postponement of that informed opinion in London ||

asfar as any available opinion choice will not solve the funda- is informed on the Moscow nego mental dilemma in which he tiations remains confident stands. Fear and contempt of his people prevent him from al that a pact will be signed."

Given the volcanic effect, ex-lowing political freedom and ploded or exploding, that the relying on the patriotic feeling of Manchester Guar- Formation of the Triple Alliance the masses:

dian, will have on Axis policy, delay in the negotiations may even be valuable, though it can, of course, be carried too far The Econo- mist.'

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I

The conclusions to be drawn from a recent mock, battle be tween five Blenheim bombers, and a battalion of Spitfires are Facts themselves will finally that although the Spitfire posses- destroy the myth of encircle ses immense fire superiority, ment as they have destroyed the is unable to prolong a comba myth that Herr Hitler's foreign owing to its limited ammunition policy depends on the principle of supply. The slow flying tactic self-determination.......

adopted by bombers may result But peace must be preserved in the failure of the ammunition. until, however slowly, the facts before the raiders are driven off. impress themselves on the Ger- It must also be remembered. man people; and the primary aim that, in trial battles, the raiders of British policy is to preserve are met, by appointment, and so hombers, best weapon. the that peace. Cuch a policy - can

var conditions o succeed upon only one condition that the German Government is convinced, by word and deed, that; it is in fact encircled, that any attempt to urge its claims by any other method than that of peace- ful negotiation will meet with En

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