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THE CHINA MAIL, THURSDAY, JULY 7, 1040.
:
ALLEGED DRAIN ON DOLLAR RESERVES
TRUMAN'S ECONOMIC MESSAGE
aver
Washington. July 5. Fresident Truman has talked the general economic situation and the Government's financial position with Congres sional leaders
No decision has been reached yet on whether the President will anle Congress again for new taxed. The President is working on a to MESSAGE ceonomie special kishines. It is widely expect ed to carry recommendations for programme to meet the declin- |ing prices and employment situa-
tion.
Chaies Ross, Presidential Press Secretary, said the message will probably go to the Capitol early next week, but that, there is a sent chance the President may it to Congress by next week-end.
to l The inesauge is
expected Mr. Truman's most important pronouncement in the Beld of du-
elle leptation fee his State, the 1 on more last Jan-
pavy.
mea
London, July 5.
Sir Stafford Cripps, Chancellor of the Exchequer, today refused a request to comment on reported purchases by Pakistan outside the sterling
aroa.
A Member of Parliament suggested these are caus- ing a drain on the sterling area.reserves.
Mr. Oliver Cro"waite-Eyre, Conservative, asked the House of Commons what steps would be
this taken to remedy
situation. Pakistan had had to buy steel outside the sterling area as no other supplies are available, h bald.
Pakistan had also to buy col and textiles because prices in th sterling area are too high,
Mr. Crosthwaitę-Eyre asked for a statement in view of the drain such purchases must make on the sterling area reserves.
The Chancellor of the Exche- quer replied that trade and finan- lat discussions are my proceed- ing with representatives of th Pakistan Government, and he is not in a position to make a state- ment.
"Are Mr. Crosthwaite-Eyre: vou not aware that statements of prve nature were made that a comodities, number of primary steel and textiles and so on, were bought outside the sterling aren here they were not available in Britain?
"Does not that sort of strajn *ggravate the present position?" Sir Stafford Cripps: "We have an agreement with Paki. wil atan that neither of us make any statement while the Begelintions are proceeding."
In January President Truman
for anti-Inflation atkeu gures and for US$4,000,000,000 new taxes. Sine the the ecmonde pie- [w ba: changed considerally and The Government has moisted Its cal year (ending June 30
Asted if it is not a fast that US$1,800,000,000 defeit with
Pakistan has tried to make pur Prospecto me that revenue will
Phases outside Britain, the Chan decline further 30 the curent
cellor of the Exchequer sald: fiscal year. But come CongreWhether or not Pakistan had to
taxes islefie men argue
d something is not a question of wrukl play down bemess,—Ais
fart. is a question of opinion," ociated Press.
that
Rockets For Aussie Air Force
Israel Balances
Si Stafford declined to give the amount of Israck's sterling ba-
lances.
He could not disclose figures of The sterling balances of individual countries, he told a questioner, Mr. Iver Thomas, Conservative.
The main origin of Israel's ba- Iances, the Chancellor added, was in British military expenditure in Palestine arising out of the 1939- 45 war.
Brunette Was ''Bottled"
Washington, July D.
A Washington shop display- ed in its window today what be a live mov- apnearet in, brunette in an ordinary alred perfume bottle.
Normal in every respect, she was only A few Inches high. "I a
with dona diminiching lens," explained the brunette, Mona McHenry, a life-sized medel.
She stands Inalde a human ize transparent contalane which looks like a regulation the bottle through perfume tent. The rest of the show window is blacked out.-AB. Eociated Press.
DCM FOR YORKS PRIVATE
London, July 5. A British Army private who threw himself to ulinost certain death but saved the lives of his comrades has been awarded the Distinguished Conduct Medal for gallantry in Malaya, the Lo- London Gazette disclosed day.
Private Bernard O'iteilly, of the King's Own Yorkshire Light - fantry, was a nomber of a patrol which encountered baruts on the Anak Kulhn estate near Kulim, Kedah, on January 27.
寫
The bandits took refuge in house, O'Reilly went to tackle one of them who had rum out carry-
Sten His ing a grenade.
gun jarumed, and the bandit prepared to throw the grenade at the rest
the patrol,
O'Reilly hurled himself at the bandit and brought him to the ground. The grenade exploded i between then, severely wounding O'Reilly. But he hung on unti another member of the patrol shot
the bundit.
Canberra, July 5.
of bombs. rucket| New types projectiles und soll arms am- Mr. Thonias: "Is it not rathe munition have been ordered by strange that this debi should have
under
accumulated before we even ben the Australian Air Force
jure? Is recogalsed feral de the increased defence budget.
there not a similar accumulation The Australian Government re-
The aword uf the Military eently authorisel £45,000,000 at the part of the Arab part of
Medal is also announced for its Palesting?" In
"The be local Sergeant, Eric Jeffrey Guls- defence Sir Stafford Cripps:
Coldstream Guards. euvulation was, of course, by the ton, of the
Palestine Government. He led a patrol which, pursued by original
for that 4- As the successor State the present bandits, was without food
comtry of Israel steps into the seven days but succeeded in re- of shoes of the debt."
turning to base after laying an ambush and obtaining information.---Heuter.
(A1,000,
programme.
10.
increare five-year
ΟΣ
The Prime Minister, Mr. J. D. Chiley, sie tonight
2003) will go for ew projects.
resumption Including the naval reserve training in January 1864. The increased allotment is subject to review annually In the light of changing comic con- clitions-Associated Press.
SECOND TRAIN ACCIDENT
Paris, July 5.
Indian funds
Mr. John Matthai, Indian Finance Minister,"met Sir Staf. ford Cripps yesterday morning and again for two hours in the afternben in connection with the release of sterling and dol. Tare for India.
that
India's
valuable
KING WINS AT CATTLE SHOW
Royal Couple Visit Sark
Princess Elizabeth and the 'Duke of Edinburgh see komething of Bark-island of no motor to the Dame of cara-from Harry Perres's one-horse carriage as they drove from the plar Sark's house during the Royal tour of the 'Channel, Islands. The Dame of Sark is Mrs. H. W. Hathaway. (Associated Press Photo).
'RICHEST EVER" STRIKE TO BE INVESTIGATED
Johannesburg, July 5.
A South African Commission of Inquiry today began investigating a report of an alleged "richost over" gold find at Dankbàarkoid, 'Orängå Froo State, whish caused fortunes to be won and lost on the Johannesburg Stock Exchange last month.
The report, circulated three days after the "fabulous- ly rich" Erfdeel strike was confirmed, was made on June 6 and later denied by the Corpora tion at Farm Dankbaarheid.
The Commission is charged tv investigate and report on the ful- lewing:
public interest, be given to the whole matter.
Thirdly, all Information and evidence in their possession is at the disposal of the Commission.
"Finally, any
assistance they may be called upan to give or ean rendor will be readily avail- able to the Commission."
Communist Strategy In Scandinavia
Stockholm, July 6. Sweden's Communists are concentrating their forces in the Northern parts of Sweden, the Conservative and usually well-informed, daily, "Svenska Dagbladet," wrote today,"
"As far as can be ascertained, a corresponding accumulation of Communist forces is talking place in the Northern parts of Filand and Norway," the paper sald.
(1) The circumstances which let to an announcement made to the South African Press As- sociation. and published by them of an alleged gold dis- Povery.
reports, (2) VariouN
official, which
wer untli Thursday after hearing pre-reusons for wondering Issued about the alleged diminary evidence.—Rentoy.
official MA The Commission adjourned
covery and denials of it. (3) Main purchases and sales of shares during the period Jure 3-7 inclusive, on companies
interest
in the of gold
having
na
possible exploitation on Farm Dankbaarheid.
who is to Mr. M. W. Botha, lead the evidence before the suggested that f Commission, evidence points to criminality or
delinquency on any other
the part
any person, cross examination should be allowed within ilmits.
I
LOCUSTS INVADE NEVADA
"It is very hard to believe that this as concidence. There are whether what is Happening is not a cen- trally directed massing of the Nordic Communist groups in these areas, particularly suscep- tible in the event at a war.
..
"as the Government directed Its attention to these multern? And are the police adequately equipped to rent the weapons from the hands of those who pinu to slab our people in. the back in their hour of danger?"-Reuter.
Tito Offer To Greece
Reno, Nevada, July 5. A swarm of locusts swept!
today. rangelands across the driving jack rabbits and deer. before them, and the authorities fear the insects will eat their Press Statement
way into the Jush California Mr. M. lam sald on behait and Oregon croplands. of the Bouth African Prase As-
The locusts set up a tereltying
Belgrade, July 6. sdclation
issued a clatter as their tiny jaws chowed
Yugoslavia turned its back on deniat immediately they were gebrush and range grass 123 the United Nations tonight and notified by the Anglo-American to 300 miles North of here. They
offered an independent olive Corporation that the report was have devastated a 3,000-square brunch to Greece. officially denied.
mile area.
that they
A slow passenger train ran off
Exactly where they will go no spot be- the rails today at the tween Embermenii and Avricourt,
200 miles East of Paris, where
БСОП
It is understood
Shewsbury, July 5. sterling talks are proceeding in- King George won his first big
The country's position was seb dependently of the conference of cattle show victory since the war Commonwealth Finance Ministers, when the annust Royal Agricul-..The Association had intended to
set up a domestia inquiry under one can tell, according to Henry fort in a letter from Joza Vilton, Dele- to be held her on July 15 to con- tural Society show opened here
position of today.
an independent King's Counsel Calloway of the Nevada nepart-permanent Yugoslove
Rate, to the Secretary-General. to try to clarify the source and cow. Royal His 10-year-old sider, the exchange
Mr. Trygve Lir, in which the ment of Agriculture. Britain.
responsibility for the report. "It is impossible to tell whether Yugoslav spokesman complutued the Paris-Strasbourg express It is expected that the talks Servitude, Irom the Royal farin
As as the matter
"failure" of the U.N. was or how soon they may move into Fabout the raits Jumpert tire
yesterday, regarding India's sterling releases at Sandringham, was chosen first
the red poll cattle raised in Parliament they had Northern California anri South-Balkan Commission. causing five deaths.
Commonwealth Finance Ministers) classes.
telegraphed the responsible Min- No one was injured in today's will be completed by the time the in one of
The Yugoslav statement, broud- ern Oregon in places where they A number of pas- meet.
Farmers from New Zealand, ister that they welcomed the full-could cause serious dainage, he east over Belgrade radio simul- train
Mr. John Matthai has tentative-↓ Australia, were
the United States, est investigation. travelling to visit relatives wholly arranged to leave London by Egypt and all parts of Europe and "I am authoriseil to state on
10 India-Africa wll! see the best of Bri- behalf of tho South Africa had been injured yesterday July 18 to return Heuter.
tain's livestock herds and the Press Association that! latest developments in -formi
machinery.
derailment. summers on today's
Reuter.
ROYAL
TYPEWRITERS,
Tomorrow Princess Elizabeth and the Duke of Edinburgh will visit the show. The Princess Royal and the Duke and Duchess of Gloucester were among today's visitors-Reuter.
All Publicity
of
yniel.
huteously, minced no words in Thomas Wilson. an adverblining the Athens Government Living men who drove here for the, present trouble-helween through the ladusta, wald rab the two Balkan neighbours, i bits, sagehens and: decr fleeing before the insects.
aco
Yugoslavia innde its offer strict- - y dependant upon Greek dimun-
"Firstly, they welcome this in-
"The locusts cover the ground ciation of its claims for teritorial quiry into the circumstances sur-
like a moving carpet," he said. advantages from Albanlu and for rounding the Issue by them
"We drove along in a jeep and an end to Greck "provocations" the Dankbaarheld report,
"Becondly, they consider the they rese like clouds in front of upon Yugoslavla, Associati
Press fullest publicity should, in the us. We had the windshield down and they landed in our tops like someone wng 10aning them in WOMAN MINISTER with shovel. •They get down our. necks, inside our site and up our trouser jeg
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He added that the click-click of their mandibles sounded like a million le machines United Prets...
Moscow, July 5.
The Egyptian Minister, Kamel el Bindari Pasha, left the Soviet Unlun. for Cairo today, Bindar Pasha has been. Minister to the USSI since May, 1040Associul éd Press-
APPROVED
"Washington, July 6. The United States Senate today. approved the nomination of Mrs. Peric Mesta us Minister to Lux- vnsbourg.
The only opposition to the up- pointment of the wealthy, friend of President. Truman carpe from Senator Forrent C. Donnell, whe gave a loud, vigorous "no" when his turn came in., the volte vale. Senate approval makes the op- pointinent effeétivo, Associated Press.
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