THE CHINA MAIL, JANUARY 27, 1940
Banks' Duty To Prevent Or Delay Inflation
MR. MCKENNA ON BRITAIN'S
WARTIME NEEDS
LONDON, TO-DAY.
THE WAYS IN WHICH THE BANKS COULD SERVE THE NATION IN THE PRESENT STRUGGLE, WERE REFERRED TO-DAY YESTERDAY BY MR. REGINALD MCKENNA, PRESIDING AT THE ANNUAL MEETING OF THE MIDLAND BANK. He said they could help to delay, and even avoid, the onset of Inflation which, if it came, would be due to the growth of civil and military consumption which together were beyond the country's capa ̈` city to produce.
The wise course was to prevent in- flation by every prudent means, div-
EXTENSION
OF BALLOON BARRAGES
(SPECIAL TO “CHINA MAIL")
London, To-day.
•
The system of balloon barrages as a defence against air attacks is at present being enforced on larger scale throughout the coun- try with more than 700 miles of coastline and in the Interior.
Several more barrages have been erected along the coast.
Due to bad weather air activity is at present at avstandstilt and many members of the A.R.P. are erecting these barrages thus swelling the number of the vo lunteers engaged in these tasks. -Havas.
erting bonds and services from civil HERTZOG PEACE MOTION to military purposes.
The Government had made a great advance In recent years in the man- agement of monetary conditions, and could determine the degree, if any, of inflation that would be permitted.
MODERATE RISE
It was possible that moderate rais- ing of the general level of prices would be no more than a healthy stimulus to energy in supplying war needs.
PROPOSAL RIDICULED BY
MINISTER OF MINES
Capetown, To-day.
NEW VISION IN BRITISH POLICY DEMANDED
London, To-day.
Yesterday's British press comment was chiefly confin- ed to the debate in the House of Commons on Thursday on agriculture. The consensus of the Press is that recent Governments have been guilty of neglect in allowing live stock industries to be- come dependant on imported materials.
The "News Chronicle" says, that if supplies are not normal, there should be better control of distribution. Fod- der should not go to producers who complain the most or who exercise pressure. It should be distributed in proportion to national needs.
The "Daily Mail" feels that more evidence of vision in agricultural po- licy is required, and this is supported by the "Daily Express," which also supports Mr. Lloyd George in tending that agriculture should be the concern of the whole Cabinet and not
con-
blind THE PUBLIC GALLERIES were again crowded when the of just a couple of Ministers.-Reuter.
Assembly yesterday resumed the debate on General Hertzog's peace motion.
Nevertheless We must not ourselves to the possibility that the war, if of long duration, might demand more drastio methods.--Reuter.
APPEAL OF HINES FAILS
New York, To-day. The appellate division of the Supreme Court yesterday upheld the conviction of the former Tammany leader, James Hines.
Hines was sentenced on a charge of bribery.
The appellate division also removed from the Bench, Hulon Capshaw, the magistrate whom Hines was accused
of having influenced in connexion with his protection of the gang of the late gangster, Dutch Schultz.-Reuter.
GAZETTED
Colonel Stallard, Minister of Mines, ridiculed the idea of an
GRAMPIAN
independent peace, and asserted that General Hertzog ROAD FIRE
submitted his motion knowing that the Union would never have to face the consequences.
"We are a very desirable morsel, and General Hertzog's proposals economic disaster."
mean
Col. Stallard added he could never see, even in the distant future, the interests of the Union and the Em- pire being divergent. (Cheers),—
He emphasised that the danger of German attack In South- West Africa had been a real one, and Mr. Pirow, when Minister of Defence, had asked him to take command of a force which could deal with it.
attack That was proof where the was to come from and that the Hertzog Government itself was fully aware of the perll-Reuter.
ALL-NIGHT SESSION
Capetown, To-day. The debate on General Hertzog's motion to end the war with Germany was expected yesterday to end in an
The following official appointments, all-night session.-Reuter.
etc. are gazetted:-
Miss M. D. Riddle to be a Nursing
Sister.
Miss L. E. Hern to be a Nursing Sister.
Dr. E. W. R. Hackett to be a Medi-
cal Officer.
Mr. G A. R. Wright-Nooth to be a Police Cadet, on probation.
J
Lieut.-Comdr. J. Jolly to be an Official Justice of the Peace.
Professor L. R. Shore to be a Member of the Medical Board.
Engineer and Ship Surveyor; and Examiner of Engineers Mr. W. S. Smith,
Mr. T. Oda to be in charge of the Japanese Consulate-General:
Dr. CLAUDIUS NOW IN ROME
Rome, To-day,
Dr.
use the
ANOTHER
U-BOAT SUNK
London, To-day. Another German U-boat has been sunk by the French Navy.
Nor-
Members of the crew of a wegian ship which arrived in Bri- tain yesterday also told of Intensive depth-charges action by British de- stroyers in the North Sea.-Reuter.
BLF. INFLUENZA STORY CONTRADICTED
rices the
VERANDAH SUICIDES
By throwing themselves from the verandahs of buildings, two Chinese committed suicide last night.
The first tragedy occurred at about 7.30 p.m. when Wong Hau jumped
Nathan Road and Prince Edward Road residents were disturbed from their slumbers at midnight last night by the clanging of fire engine bells.
An alarm was received from the Kowloon City District of a fire and ap- pliances were rushed from all parts of the mainland to extinguish a fire which gutted a matshed near GrampianTM Road,"
There were no casualties.
from the third floor of No. 328, Queen's "NOTHING TO REPORT"
Road West,
The second occurred an hour later when Poon Kuen, threw himself from the second
floor of No. 81, Third Street.
Paris, To-day. Last night's French war communi- que said there was nothing to port.--Reuter.
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