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THE HONGKONG

ISOLATION MUST BE ABANDONED

SAYS HULL

(Continued from Page 1.j

asked what warrant

was there for.

the assumption that the Chief Execu- tive and Congress would ever be more likely and more eager to embark on war than the general body of citizens. On the other hand, the adoption of referendum plan would hopelessly handicap the Government in

con-

duct of foreign relations. In the same way, dangerous from the view- point of the preservation of peace was the proposal that the United States should retire from the For East, comprising the chief portion of the Pacific aren.

TELEGRAPEL· FRIDAY, MARCH 18, 1988.

STOP PRESS NEWS ALHAMBRA

SINGAPORE

MEETS

BRITISH NEED

London, Mar, 17.

"Unfortunately, many people in this country wholly misunderstand

In the course of introducing the the position and policy of our Govern-

of ment in relation to that situation. Navy Estimates in the House Some have visualised only our trade Commons, Mr. Geoffrey Shakespeare and investment

with said the French, British and Ameri- relationships China, or our moral and cultural in-can representatives had consulted teresis there, symbolised by mis-last week whether, in the continued

་མམ་

of information regarding educational

and medical ser- absence sics and similar activities. Some spanvoke the escalator clauses sionary,

Japan's building have concentrated attention solely

in the London Naval Treaty of 1930. the

and incidental

of

siron was gerred to the! but if, for

upon

ox-

The

ceptional facts of the existence Individual Governed necessary

extraterritorality and

the mainten-

ance of some armed forces to assist example,

and

It was

the

to exceed the displacement of 35,000 in the safeguarding of our nationalstons for capital ships, plans for so against possible mob violence similar disorders - special rights doing were well advanced.

Referring to

the opening of which it is our policy to give up, Singapore Base, Mr. Shakespeare and forces, which it is our policy to said the House could rest

nssured withdraw the moment unusual condi-that Britain now had the Singapore tions disappear.

Base suited to her needs in that part of the world under any circum- stances.

SAFEGUARD FOR ORDERLINESS

But Mr. Shakespeare gave particulars "All of these are important.

scheme of marriage the interest and concern of the United of the new States whether in the Far East or allowance, with allowances for child- any other part of the Pacific area, ren of all officers, including warrant Europe

or anywhere else in the officers. The scheme will come into world--are not measured alone by operation on April 1.Reuter. the number of American citizens re-

siding in a particular co

the volume of

ular country, or by Investment or trade.

or by the exceptional conditions

peculiar to a

particular area.

There

is the much broader and more funda- mental interest which is that the sees of international re-

orderly processad lationships

be

maintained.

What is most of all at stake to-day TOO LATE TO CHANGE throughout the world is the future

of inter-

of the fundamental principles which must be the foundation national order, as opposed to inter- national anarchy,"

TO BIGGER GUNS

London, March 19. Lieut.-Col. J. J. Llewellin, Civil Lord of the Admiralty, told the House Mr. Cordell Hull proceeded to re- of Commons last night it was too late fute the contentions of the "Isola- to change from 14-inch to 10-inch in the new battleships. That: tionists at any price", und said: "The guns momentous question is whether the would mean between three and four doctrine of force shall become en-years' delay in delivery because the throned once more and inexorably to turrets were the parts of the ship time to con- bring in its wake international taking the longest

the Admiralty with the all plants necessary

preparation

be ready to go ahead

anarchy and the relapse into bar-struct. But barism, or whether the peaceful na-proceeding

fervently attached to the prin- of ciples which underlle international would order, shall woric unceasingly to pro- with 10-inch guns for battleships in mote and preserve law and order, the projected White Paper, though not Be necessary. morality and justice, as the unshake- he hoped this would

The naval authorities are

fully able bases of civilised international T relations."

14-inch guns satisfied with their which night well be as efflelent as 18-inch guns mounted by people they thought would not be able to man

DARE NOT TURN ITS BACK

Mr. Hull depleted in striking langu-them as well as British sailors. age what the consequences would be with regard to

to cruisers, Germany If the United States turned its back was the only country building 8-inch on the whole problem and declined

no suspicion contribution to its solution--how it gun ships. "We have

that Japan

pan is building any," he added. With regard to the suggestion of would mean a break with the coun-: try's past and upheave its foreign Mr. Winston Churchill that Japan Interests and domestic situation.

might have started building a.type. "Isolation does not mean security: of cruiser between 10,000 and 25,000

at tons. Col. Licwellin said 1 is a fruitful source of insecurity,"

present there was no indication she was doing he declared.

anything of the sort. "If we found Concluding the Secretary of State that she was we would not hesitate to eloquently outlined the aims for consult our fellow signatories which they were striving, the first treaties to use the escalator clause." of which was pence in a world in the

said. which the forces of militarism, terri- He still hoped Jupan would do torial aggression and international nothing of the sort, but would come anarchy would become utterly odious, into line with the larger numbers of revolling and intolerable to the con-nations of the world limiting the size science of mankind.-Reuter.

of warcraft and their armament.-- ¡Reuter,

BANK DIVIDEND

The Mercantile Bank of India, Ltd., has received 1 telegram from head office in London advising that at the annual general meeting of shareholders a final dividend of 6 per

ទ cent. on the "A", "B" and “C” shares

will be recommended (making 12

per cent. for the year less income tax); £20,000 written off Innded und house property; £25,000 contingency account; £173,327 carried forward to 1933 account..

NAMMINGENOHL'S

GRAND

10

GARBO DENIES SEE

MARRIAGE

Ravello, Mar. 17,

Greta Garbo, famous film star, reported recently to be about to marry Leopold Stokowski, world- known maceiro, told United Press to-day that she was not married, and further that she did not plan to get married.--. United Press.

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EXCHANGE RALLY

IN LONDON

London, Mar. 17..

U.S. COMMODITY PRICES LATEST CABLED

A sharp all-round improvement occurred on the Stock Exchange this morning owing to bear covering in tho

adverar of further absonce developments in the European situs May tion. The rise of prices was accen- July tuated by the sctivities of bargain October hunters who, by virtue of their sub- December stantial liquid resources, were able January to avail themselves of favourable Spot purchasing opportunities.

Well-informed quarters belleve that March the technical rally of gill-edged May playing a large part in the restoration July Sept. of confidence generally.

Dec.

QUOTATIONS

New York, Mar. 17. New York Cotton

Opening Closing 8.82/92 8.89/89

New York. Rubber

The foreign exchange market also January redected a more hopeful feeling where

Bales for

8.95/058.94/04 *0,00/01*・°8.99/0.00

9.00/01 · ‚§.00/00 4.03/02 9.01/01

8.95

14.00 14.21/21 14.13b/15a 14.53/29 1120/23 14.45/48 14.34 B 14.65/65-14.51/52 14.57 N

the day:—1,870 tons. Chiago Whent

864/88% 8736/8794 +8416/858436/147%

pressure to sell the currencies of thos countries adjoining Germany were May.

The less pronounced,

American July dollar continued to meet continental Sept. demand, bing British Controlex-Wednesday'z' perienced no direulty in keeping the bushels sterling-dollar rate comparatively on

an even keel. The franc was erratio May at the start, but later it became firmer July

Sep against sterling owing to bear cover- Ing in the bellaf thất Athe internal political situation in incly a torba more settled in the near future Reuter

Sales: 35,184,000

8975/60 20. 6016/50% 60%/01"

614763

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