THE CHINA MAIL, FEBRUARY 29, 1940.
Page
The Keynes Plan Discussed With British M.P.s. COMPULSORY
SAVING
OF WAR WAGES
Necessary Now: T.U.C.
Valuable After War Is Over
LONDON, TO-DAY. THE SCHEME FOR COMPULSORY SAVING DURING THE WAR, RECENTLY PROPOUNDED BY THE WELL-KNOWN ECONOMIST, MR. W.
M. KEYNES, CAME WITHIN THE PARLIAMENTARY ORBIT YESTERDAY WHEN MR. KEYNĖS AD DRESSED 250 MEMBERS OF THE HOUSE OF COMMONS OF ALL PARTIES.
Mr. Keynes argued that the rising proportion of all wages over a certain minimum figure should be compulsorily invested until the end of the war, when repayments would increase purchas ing power and tend to counter-act the trade depression.
GRANT TO FINLAND FUND
GRAF SPEE SOLD AS SCRAP
Montevideo, To-day.
"It" is stated in shipping circles here that the wreck of the Graf Speo has been sold by the Ger- man: authorities to an Argentine steel firm.-Router.
London, To-day. DEFEATING
At its meeting yesterday
THE
the General Council of the T.U.C. decided to give £1,000 to the fund in aid of SCUTTLERS
the Finns sponsored by the National Council of Labour.
LONDON, TO-DAY. THE CAPTURE OF THE ROS-
In an appeal issued by the Ná-TOCK BY A FRENCH DESTROYER that the object of the fund is to pro-DICATION OF THE SPECIAL OR- TO THE ALLIED vide the clothing, food and medical DERS GIVEN requisites our "Finnish comrades re- NAVIES TO CAPTURE GERMAN
tional Council of Labour it is stated A FEW DAYS AGO GIVES AN IN-
quire."
Explaining why these are necessary the appeal states that the Labour de putation recently in Finland saw the results of Russian bombing of open
A family allowance should be granted, amounting to 5/-towns, destroying working-class homes
a week for every child under 15, and a capital levy imposed after the war.
Mr. Keynes has arranged to meet: the M.P.'s again for further dis- cussion.
The Keynes scheme was also men- tioned in the House of Lords who were debating national economics.
Lord "Hankey, replying to the debate, said the Keynes plan for deferred pay had not been reject- ed by the Government.
He intimated that before adopting compulsion the Government must see whether loans could not be obtained voluntarily, and quoted figures show- ing that there had been a reduction in civilian buying.
LOWER STANDARDS
As the war effort developed there would have to be a greater curtail- ment of civilian consumption.
Lord Stamer declared that such re-.. trenchment in civilian buying was possible before the nation as a whole had to live on a lower standard than in 1914.-Reuter.
REASSURING FIGURES
London, To-day,
Reassuring figures were cited
by
NEARLY AN
INCH OF RAIN
and hospitals and killing and malm- ing the civilian population.
"The deputation;" the appeal continues, "was convinced beyond doubt that Finnish workers in the trade unions and co-operative, and political organisations which
in. have been built up are solld determination to fight to the fast In an effort to preserve Finland's Independence and the splendid' achievements of social legislation." It has been announced that Durham miners are proposing to send £1,000 to the fund and Belfast The total for the 24 hours ended aircraft workers are making a con-
The heavy rain fall experienced in the early hours of this morning re- sulted in almost an inch being re- corded at the Royal Observatory up
to 10. a.m.
the
at 10 a.m. to-day was 0.92 inches.tribution to the Finnish Red Cross Most of the rain fell during 7 a.m. Fund out of the first national wage and 9 a.m. during which hours 0.65 | increases which will be received next inches were registered.
week-end.--British Wireless.
GERMAN THREAT TO LOW COUNTRIES
(SPECIAL TO “CHINA MAIL") .
.PARIS, TO-DAY.
Lord Hankey in the Lords' debate on M. DALADIER, THE PREMIER, IN HIS REVIEW OF the dangers of inflation.
He revealed that the Bank of Eng- land Indices of retail sales suggested that a considerable measure of economy had been exercised by the public in their personal expenditure in recent months..
On the side of wages, the Govern- ment was in the position of having
the full co-operation of both employ- ers and employed in industrial pro- blems connected with the prosecution of the war.
THE INTERNATIONAL SITUATION TO THE CHAMBER'S FOREIGN AFFAIRS COMMITTEE YESTERDAY, DEALT WITH VARIOUS PRO- BLEMS CONNECTED WITH THE GERMAN THREAT AGAINST BELGIUM AND THE NETHERLANDS.:
French and British help to Finland, he said, had not pre- vented the Soviet army from gaining some successes in the Karelian Isthmus owing to the great dispro- portion of forces and the lack of Finnish reserves.“ In addition to explaining the Balkan Entente conference, M. Daladier com mented on the conversations which took place at that time other capi
YUNNAN RAILWAY VICTIM INDEMNITIES
(SPECIAL TO "CHINA MAIL")
Paris, To-day.
SHIPS BEFORE THEY CAN BE SCUTTLED.
As already reported, the Rostock was sighted travelling without lights.
The destroyer came
up quietly, but did not switch on her search- lights till she was only 100 yards away. Before this happened, how-
ever, a boarding party had got away in a small boat and approached the German ship from the other side.
1
While the Germans were staring at the searchlights and recovering from their surprise at being discovered, the [`boarding; party came alongside, rush- ed to the engine-room and got there `in time to prevent the sea-cocks from
being opened.-Reuter;"
EDUCATION VOTE
"London, To-day. Over £52,500,000 will be spent. on education in Britain in the next” fin- ancial year--this is an increase of £50,000 over previous years." - Reuter.
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The Chancellor had been able to place the elements of the financial problem frankly and fully before the National Joint Advisory Council of representatives of the British Employ- ers' Confederation and the T.U.C. tals. General Council and since then the Turkey, he said, was developing whole matter had been earnestly Jis- most favourably her diplomatic activi-. cussed by the Council-British Wire-ty, and the political situation in the
A brief allusion to Far Eastern from chemists and department stores, less.
Balkans was taking a very favourable turn, as evidenced notably by the im- problems was made by the Premier, or from the Golden Griffin Medicinal
Rumania M: Daladier, in his address to the
Teas Company, proved relations between and Bulgaria."
Chamber's Foreign Affairs Committee.
The Royal Observatory reports that
Answering questions,... M.Daladier In reference to the bombing of the an anticyclone of considerable inten- gave members of the committee valu-Yunnan "Railway, he recalled that sity covers China and Japan. Pres-able Information about Mr. Sumner sure is highest over Mongolia and is Welles' vialt, “about the Far Easter relatively low over Indo-China and altuation and the Allies' conversations
with Russia last summer. the Caroline Islands,
WEATHER REPORT
Router.
Tokyo had expressed its respets to the French Ambassador in Japan, and an- |nounced that the victims of the outrage
would be indemnified-Mayai
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