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HONG KONG DAILY PRESS, MONDAY, JUNĚ A ON
POLITICAL UNREST IN JAPAN
Seiyukai Party Want Office
SAITO MINISTRY'S FATE IN BALANCE
TOKYO, May 27. With the fading of all immediate hopes of gaining political power, due to the temporary stablisation of the Saito Ministry, discontent is brewing among the rank and file of the Seiyukai Party in the Lower House. The Solyukai had hoped for the peaceful tranfer of the Cabinet to itself following the pub lication of the statement of the May 15 affair of last year, which was to have marked the liquidation of the emergency period, out of whigh the present
Government emerged:
AIR SERVICE TO 'AUSTRALIA
Plans for Another Stage
KARACHI TO SINGAPORE
[Special Air-Mail Sérvicé)
May 18 The Government propose to elude with Impérial Airways in agreement for the early extension of the England-India air servica vance towards the establishment of to Singapare. This further ad regular weekly air Marvices in both directions between London and the principal cities of Australia, with extension by steamer to New Zea land, will be affected in stages. It
1933.
JAPANESE AIR FORCE-
PATRIOTIC" PLANES
NAMED
Tokyo.-An impressive naming ceremony for five "patriotic planes, was held on the Haneda Aerodrome a fortnight ago. After Admiral Ossimi, Navy Minister,..re- ceived the planes, they were offiol: ally, commissioned in the naval service. The, planes were donated by teachers and students of seçdi. dary schools throughout the coun try.
se
this part of the route will be in fidently expected, however, that operation, at latest, by the end of the flaancial year.
The Indian Company. **The Indian còmpsay, referred is hoped that the existing service to in paragraph 3 of the Command between Loudon and Karachi will Paper will be called Indian be extended to Calcutta in July, Transcpatinental Airways, Limit to Rangoon (Burma) about the beed, and Government of India, Im ginning of October, and to Singa-perial Airways, Limited, and In-
dan National Airways," Limited. pore by or before the New Year.
made Arrangements have been whereby continuity and uniform ity of policy and direction will be maintained in respect of the trunk service across India. Indian Na- tional Airways, Limited, is being established for the operation of feeder and other services in Nor- thern India, and plans for operat ing certain of these services already in preparation by the Government of India.
The terms of the proposed con- tract with Imperial Airways are in & White Paper announced (Cmd. 4815, id.) issued yesterday.
The agreement is to run for a period of approximately five yeare, beginning from the date of the opening of the Australian section between Singapore and Australia, and terminating on March 31, 1959, the date on which the existing agreement for the England India accordance
Political developments since pub lication of the statement have gone entirely against the expectation and wishes of the Seiyukai and much to the disappointment of the party leaders, the short-lived minis- terial crisis, which was born, ont of speculation regarding the pos- rible resignation of the Finance Minister, Mr. K. Takahashi, gener ally regarded as the mainstay of the Saito administration, failed. This is due to tactful handling of the situation by the Premier, Vis-service expires. count Saito, supported by Prince Saionji, the only surviving elder statesmen and imperial adviser, and the announcement of Mr. Takahashi of his intention to remain in office for the time being.
A
Fear of Disturbances.
Disillusionment resulting from this turn of affairs has caused a great air among the Seiyukai, which has stiffened its attitude to- wards the Government and is con- templating to withdraw its support. At a meeting of party leaders on May 24, the matter was discussed and it was practically decided that the party should change its policy of friendly co-operation with the Saito Ministry to one of strict centrality. It was further agreed that the tactics to be adopted by the party in accordance with its new policy and other details should be left to Mr. K. Suzuki, its presi- dent
In
zre
"' For the. section between Karachi and Singapore Imperial with the terms of an agreement be. Airways and Indian Transconti tween his Majesty's Government in mental Airways will each provide the one-half of the fleet required for: the United Kingdom and Government of India, the service the service. The fleets of these two will be operated jointly by Impers geneous and of modern type, carry. between Karachi and Singapore operating companies will be home- al Airways and an Indian com- ing passengers and freight as well pany. The maximum subsidies a mails. They will probably be As large payable for the Karachi Singapore Atalanta type aircraft. service, if the regular weekly ser- Vice is maintained, will be on the following decreasing scale:-
For first year of the through service to Australia For second and third years of the through service to: Austra-
lis
For
the remaining period of the con- tract.
logical.
Rate Per Annum
Rates for Mails,
£40,000
30,000
20,000
These maxima are allocated in definite proportions to various sec- tions of the route. The Govern menta. of Indja, the Straits Settle- The decision of the party leaders, undertaken to bear the cost of pro- mens, and the Malay States bave however, has not had the desired effect of mitigating the dissatisfacviding and maintaining landing tion felt by the rack and file of grounds and other ground facili the party, who are now virtually ties, such as wireless and meteoro- split into two camps, one support- ing the decision of the leaders and the other advocating the immediate severance of relations with the Saito Cabinet In any case, it is predicted that, unless. Mr. Suzuki should take steps in the pear future, disaster will be brought upon the party, and, should intern al disturbances break out in the party, the fate of the Saito Minis try will be sealed in spite of the temporary stabilisation which it, secured. only a
few days ago. Rengo.
JAPANESE NATIONAL BONDS
HALF THE DOMESTIC ISSUE OWNED BY BANKS
a proportion as reasonably possible of the personnel employed by In. dian Transcontinental Airways will
The agreement provides that the rates to be paid for carrying mails| shall be arranged between the Post- master-General in the United King- dom and the company. For the through maila between England and Australia (and New Zealand), Imperial Airways and the Indian company, referred to above will re beive 248., sterling, per lb., and Australia 168. sterling per lb.. For mails between England and Singapore the rate will be 30s. per lb. This will enable the Post- tmaster-General to fix the inclusive charges to the public at 15. pår Joz. letter between England and Singapore, and le. 3d. between England and Australia New Zea land."
The White Paper adds:-" ƒ for various reasons a simultaneous inauguration of the extension ser- vice to Singapore end of the new Australian service connecting Singapore with Port Darwin nad the chief cities of Australia is not Tokyo-Interest is being arous immediately practicable, it is pro ed by the fact that more posed to bring an interim service than half the total aum af into operation as soon as possible domestic national bonds is now in extension of the present weekly owned by banks. This fact, it London-Karachi service. This in- argued, claims serious Govern- terim service will, in the first in- ment attention in relation to its loan policy.
Of
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Changing China
quarterly ñon-political review of
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be Indian, and this proportion will PARACHUTE JUMP RECORD John Tranum who jumped from a
be progressively increased as cir cumstances permit. Imperial Air- ways will arrange for the early training of a limited number of Indians in its commercial and en- gineering departments."
stance, be from Karachi to Cal- cutta, but will be extended later to Singapore. Special terms will be arranged for this interim service outside the main agreement."
+1
The outstanding balance of på tional bonds, domestic issues, at the end of April, *totalled An explanatory memorandum is Y.5,680,356,000 BAN increase
sued by the Air Ministry states Y.905,296,000 over a year ago. that at the outset the air journey this increase Y.715,000,000 was un- to Singapore will be made in 10 derwritten by the Bank of Japan, days, thus affecting a saving of and later sold to town banks in its from 10 to 14 days in comparison open market operations to adjust with the steamship service from currency circulation. Holdings at England. A corresponding acce semi-government banks, commercial loration of travelling facilities to intermediate stopping places will banks and savings banks have also be achieved. The memorandum mounted considerably in the past continues:-
year or 50
"It has been agreed with H.M. According to the banking statis. Government in Australis that the ties just released, the total value section between Singapore and the
in of banks, treasury bills and rice terminal station
Australia notes owned by these, banks at the should be operated by a company end of April was Y.3,025,363,000, an promoted in Australia and subai- increase of Y.898,506,000 over a year dieed by the Commonwealth ago. The above total of domestic Government. The Commonwealth State obligations, together with Government has taken active steps treasury bills and rice notes, make to complet the air link to Aus an aggregate of 16,000,720,000, 80tralia at the earliest possible date, that bankers' holdings are equal and fenders to operate the Bingo- pore Australia section are about to to 50.8 per cent. If thees owned by be called for Before this service the Deposity Bureau, trust com can be established the successful panies and life insurance com tendering company will have to panies are included therefore, this obtail the necessary complement of total holdings of monetary organs aircraft and to set up, in con- will be Y.4,387,087,000 or 78,1 pár junction with the Government, the cent, of the aggregate.
ground organization. It is con
LONDON, May 94.
A new world record for a delayed parachute drop was made over Netheravon aerodrome to-day by
Royal Air Force plane flying at an altitude of 20,000 feet and fell 17,250 feet before opening the para- chute. He drifted five miles before landing in safety,
Oh yes, I'm quite all right now
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