THE CHINA MAIL, DECEMBER 28, 1940
rary. Supreme Court
NEW BRITISH FINANCING
Fresh Issue Of National War Bonds On The Market
FIRST PILOTS UNDER EMPIRE
AIR SCHEME
"Britain's enemies will soon know their quality," declared the Commonwealth
Air
Minister in Melbourne yesterday comment- ing on the arrival in Britain of the first Australian air trai- nees from Canada.
He said the Empire air scheme would mean the producing of a large number of determined and cap- able air crews of the finest type-Reuter.
Large
List
From Which
To Choose
NEW ARRANGEMENTS FOR RAISINGTM MONEY FOR · WAR PURPOSES WERE AN- NOUNCED BY SIR KINGSLEY WOOD, CHAN- CELLOR OF THE EXCHEQUER, IN A BROAD- CAST SPEECH IN LONDON LAST NIGHT.
A new issue of a 21⁄2 per cent. National War Bonds will be available for purchase be- ginning on January 2, while sale of the pre- sent issue of 22 per cent. National War Bonds will cease on December 31.
BRITISH PLEDGE OF GOOD FAITH TO FRANCE
THE GERMANS have been putting out mischievous stories about Britain's plans for the future of the French Empire.
It is officially stated in London that Bri- tain has not moved a single inch from the pledges given to France some months ago by Mr. Churchill.
the
Among our war aims is restoration of the Independence and greatness of France.
The British
NEW BOND
in Government, conformity with this, has given those French Colonies which have thrown in their lot with: General De Gaulle and the Allies the same facilities in matters of trade and finance as are given to British colonies.
After The War
These facilities will be extended
to any part of the French Empire the prepared to cooperate with Allies in the war against Ger- many.
The British Government 18 resolved that the French Colonies remain in the hande
ISSUE
ATTRACTS
(By Reuter's Financial Correspondent)
The life of the new 22 of a restored France when vic. per cent. National War
tory is achieved,
Bonds is at least one year Cooperation between the Bri- longer than the life of the and after the war will be of m-existing issue.
tish and French Empire during
calculable benefit to both.
Britain is resolved to do every- The extra interest and payment thing possible to tide them over which these involve should make their present difficult days when the bonds attractive to, investors. communications with the Mother Country are so hard.
Good Faith
The general demand on the part of the majority of smaller inves- tors for security with a medium length of life should be satisfied
Both Germany and Italy by the new have stated claims against the Bonds. French Empire, Involving its dismemberment.
By contrast, the cooperation of the British Government is a sign of goot fafwmootyto nateraiba developments of the bonds" 'which existed prior to the French-armie2- tice Reuters”.
A KNOT UNRAVELLED
A FISH AIï\/Arm pilot(opërs ing with?) the ConstaF-Command pulled back the collar of him fging sult After returning from” un ute tack on enértiy” shipyaDEVE
are wearing? sked his Squadron Commander. It seems to have disintegrited
d to his The pilot put his hand neck and found that his silk tie was cut with two holen through
The new bonds will be issued at par (inat will be £100 for bonds with a face value of £100) and will
on be repayable
ог aflex August 15, 1946 and not later than the same date in 1948.
Also on sale beginning on Jan- uary will be a new security call- ed 3 per cent. Savings Bonds.
These, said the Chancellor, would also be issued at par and would be repaid at par on ог after August 15, 1955 and not later than the same date in 1965.
Both these Bonds, Sir Kingsley explained, would be available through the Bank of England with a minimum subscription of £100. In addition, smaller investors will be ca ered for through the Post Office and Trustee Savings į Banks.
In these cases, the
minimum subscription would be £25 and maximum amount would £1,000 to each type of bond.
Large List
be
National Savings Certificates, 3 per cent Defence Bonds and facili- ties of Post Office and Trustee Savings Banks would, of course, continue their successful course.
'You will see therefore," said the Chancellor, "there is a large list from which to choose and t think it will meet every need and circumstance".
Speaking of the success of ef- forts to provide money for vic- tory, Sir Kingsley said that since November, 1939, a total of £1,- 209,000,000 had been raised -- really wonderful result."
"Loans On Tap"
"a
The present systern of issuing "loans on tap" was convenient both for lender and Government and he proposed to continue it.
Thanking the public for their support in previous loans, he said: "I recognise that the fine financial contribution already made to our war effort has been made by your patriotism and your determination to see that our wonderful financial front holds firm and strong in the battle against a determined
and unscrupulous enemy,
I thank you for it. But I ask
3 per cent Savings for moré.
The needs, particularly for the and best weapons for our men With a life of at least 15 years, all that modern war demands are these bonds should attract the | I ́think, clear 'to áll." They are, ravings of many sections of the In fact, imperative." publie whose wages-have- risen | |*: ABOUTt end intensitieÙ° Fri - dustrial production Which fa part of that way @ITÖTÉL
These issues are the logical part of "the campaign sto reduce the speramg of money for Hort-essen- bods and to multise a're- SOUPCON" OF «Iles Successful prose-
upnep had causes the damage "Whenusferrer-war schustkngat
member feeling a sudden tug at my throat and felt as if something: had zipped beneath my chín. But
thouppen most about th
Unfortunately. I was wearing my best del In a moment of wild the kriöt SEAGERY extravagance:T~jald seven -afd
piece of German anti-aircraft aixpence for:itaz
Reuter.
STOCK MARKET CONFIDENCE
The quietness of trading on the London Stock Exchange yesterday. did not diminish the market's confident tone, and several sec- tions, continued, to register smäll \ent;}="Gilt-edged ocen- vhile home in)
41
THEY'RE A.1 AT LLOYDS IN AN AIR RAID-When the air raid sirens sound the motto at Lloyds is "Carry On" and this they are able to do in a s col and concrete shelter 60 feet The 200 underwriters desert "The Room" above below ground. and' take their place in the' and'ter" with their name",
names markør above them so that the Brokers may find them. It is possible to get a snack, buy cigarettes or even have a haircut 'In this shatter and in spite of Hitler the 5,000 employees in Lloyds building quietly proceed with thair work in safety. Photo shows a general view of brokers at work on improvised desks in the shelter. (Copyright, Fox).
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