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OF
THE CHINA MAIL, AUGUST 22, 1941.
BANK RAISES A
FRANCE QUESTION
WHERE IS THE I of France's gold,
asks the "Financiosas" in London yester-`
AERIAL
day commenting on the first weekly state LIFE-LINE
ment published by the Bank of France since the collapse, showing that the gold reserve of the bank amounts to 841⁄2 milliard francs.
This figure does not differ materially from the amount of gold holding before the Franco-German Armistice.
The question is how much of this gold is under effective control of the Vichy authorities?
As is well known a large amount was transferred to the United States before the collapse and was frozen by an order of the Washing- ton Administration.
Another substantial amount found its way to Martinique and is kept there.
THEFT FROM
(SPECIAL TO "CHINA MAIL")
The Government in Washington is rushing pans for an aerial life- line to the British forces in Africa
and the Near East, although Pan-
American Airways will operate the service, state the War
and
Navy Departments, who Bre
actually drafting the plans.
It is considered that the most important diplomatic manoeuvres are under way to seek approval from Brazil for American tivil pilots' to use their airfields. Natal will be the stepping stone for
News Service.
HARPER'S GARAGE Aying to Africa.
Leung Shing, 24, was fined $200, or two months, by Mr. H. G. Shel- don, K.C., this morning, for theft | of motor-car batteries from Wal- An agreement was recently lace Harper and Company, Arsen- reached between the Vichy Gov-al Street, between March 15 and ernment and the United States August 17.
Government by which the former According to Detective Sergeant undertook to consult the latter V. Morrison, accused was employ- before moving any gold from Mar-ed in the garage. tinique, In return the American authorities agreed to release some
of the French gold frozen in the United States for urgent require-
A DIFFERENCE
Four blacksmiths yesterday con-
International
POLICE INSPECTOR INJURED
Divisional Inspector J. McWalter received nasty injuries to his arm in a traffic accident on Wednesday afternoon.
Inspector McWalter was riding
ments of the inhabitants of Mar-victed by Mr. H. C. Macnamara in a motor cycle combination driv- tinique.
In Dakar
A substantial part of the French gold reserve was evacuated to Dakar.
Complete mystery surrounds the fate of this gold, According to one theory, £1 French warship transferred it to Martinique but It is more probable that the gold is still at Dakar, One wonders how long
the it will be before Vichy Government agrees to sur- render part of its gold to Ger- many.
Reuter.
REVENUE OFFICER CASE ADJOURNED
Revenue Officer, Christian James
Revenue Officers, Fok Man-
for assaulting two district watch-en by Traffic Sergeant Sul ivan in nen in Pak Hoi Street on Thurs-Aberdeen when the accident oc- lay afternoon, were each ordered curred. In swerving to avoid a to put up $15 as cash security for dog on the road, the cycle over- six months. They were not plac- turned and Inspector McWalte ed on a $15 bond for six months was thrown out. Sergeant Sulli- As reported.
van escaped without hurt.
COST OF LIVING AND PROBLEM OF INFLATION
THE INSTRUCTION to take steps to bring war wage advances into line with the The case in which a European increased cost of living, which Wednesday's Ernest Scott, 23, and two Chinese delegate conference of the Transport and chang, 23, and Fok Yung-chan. General Workers Union gave its executive, for extortion and demanding represents a move in the disputed question of journed to Monday by Mr. D. J. the method by which stabilisation of wages N. Anderson at Kowloon this and prices can be secured which is occupying Mr. M. A. da Silva's request the attention of both Government and the
leaders of organised Labour.
22, are charged with conspiracy
money with menaces, was ad-
morning.
for reduction of bail, which ¶xed at $2,500, was rejected.
DUST STORMS IN- THE DESERT
was
The Transport General Workers Union is one of the largest unions in industry and is represented solely or in conjunction with other unions on wage negotiation machinery in
a great many industries.
A British General Headquarters' cominunique issued. in Cairo yes-
Addressing the conference on "the dangers of inflation can be terday states that in the Tobruk Monday, the Minister of Labour, averted by a combination of price aves heavy duststorms continue to who has devoted many years to control, extensive rationing, pre- limit sur patrol activities. In the the creation of this Union, made vention of increases of the cost frontier area there is no change.it clear that Government was of living through the placing "on The Suez Canal area had an-determined on its policy of wage the Exchequer of unavoidable ad- other air rald on Wednesday, night, stabilisation, which policy he ditions to the cost of essential Two were killed and 28 injured had himself opposed until Gov- commodities by taxation and by and slight damage to property ernment decided to stabilise pri- savings stimulated to the highest was caused.-Reuter,
ces, and stressed the view. that possible level." the workers*. own interests are always injured by the fact that
THIRD CONVICTION
Good Result
a rise in prices always, outstrips Drawing attention to that part the rise in wages.
of the Union's resolution, calling Lam Sze-mul, 28, widow, with Commenting on the disparity on Government to preventas two previous convictions for a In view on the question held for as it can any
further rise similar offence, was fined $200, by the Union movement and in the cost of living, The Times". or two months' hard labour, and Government "The Times" soos states the inference to be drawn recommended for banishment by In the resolution as possible is that should Government ac=" Mr. H. C. Macnamara at Kow- prospect of agreement and some comolish this, the ground, for loon this morning for keeping a indication of softening of the further, wartime wage increases brothel in Woosung Street. unyielding mood up to now would, from the Union's point of
Sub-Inspector C. Baysting said hold by: the Unions.
view, be removed and adds: “II,
meaning that with minor adjust- ments wages should be stationary white prices are stationary Mr.
that at about midnight on Wed-Although agreeing that con- the resolution can be readas nesday he raided and found-mire | trol of prices and profits is neces girls at the premises, It was sary to prevent ;- Inflation; alleged that 80 per cent, of the Unions have not been prepare girls earnings went to ac- to say there should also be co Bevin's address to the Confer- cused whose expenses were only trol of wages and contended, ence on Monday will have had $25 a month rent and electricity.according to "The Times" that a good result."British Wireless."
LADY NORTHCOTE
the
Lady Northcota is expected to arrive in the Colony over week-end. On Tuesday. HE. and Lady Northcote are to lunch with the Chinese Members of Council and their ladies at the residence of the Hon. Mr. W. N. Thomas Tam.
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