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THE CHINA MAIL, FEBRUARY 25, 1937.
GERMANY TO END BARTER
CHINA AND OTHER FAR EAST AREAS
INCLUDED IN PROHIBITION
BERLIN, TO-DAY.
PRIVATE BARTER TRANSACTIONS WITH EGYPT, THE SUDAN, INDIA, CEYLON, BURMA, SIAM, THE STRAITS
| SETTLEMENTS, CHINA AND THE PHILIPPINES ARE HENCE-
FORTH FORBIDDEN BY THE GERMAN GOVERNMENT.
This is announced in a statement by the Currency Controller yesterday.
The reason given is that pri-, vate barter does not yield sur- plus foreign currencies to the Reichsbank.
Complete cessation of private barter transactions is expected in the future. Reuter.
Berlin, To-day. Business barter deals between private individuals in Germany and importers in overseas countries decree have been prohibited by a issued by the Reich Bureau for Foreign Exchange Control.
Among the countries mentioned in the decree are Egypt, the Sudan, the India, Ceylon, Burma, Siam, Straits Settlements, China and the Philippines.
VOLUNTEER BAN
MR. ANTHONY EDEN EXPLAINS
THE LISBON PLAN
(SPECIAL TO “CHINA MAIL") London, To-day.
control The last details of the plan are still being discussed by the Powers concerned, declared the For- eign Secretary, Mr. Anthony Eden, in the House of Commons vester- day.
SUPPLEMENTARY DECREE It is no longer permissable for
Questioned regarding control of foreign buyers to open accounts for the purpose of making payment the Portuguese frontier, Mr. Eden within Germany in respect of ex-confirmed the report that 130 Bri- of tish officials will be in charge changes of goods.
Foreign buyers will be allowed to supervision in this area.
He admitted that no steps had make payments into existing ac- counts only as far as this is neces-been taken concerning possible with- sary for concluding deals already drawal of foreign volunteers from Spain, and declared that the ques- in hand.
The new enactment is supple-ticu had not come up for discus- mentary to various measures taken sion during the meetings of the non- during the last year to bring about intervention committee. restriction of what is called com- pensation business between private
individuals.
FRANCE'S PLANS:
Meanwhile France has revealed
how she will carry out her part of the control plan.
TO PAY IN CASH The decree can be interpreted as
Tug and pilot boats will be used meaning that importers in the nine to patrol the portions of the Spanish countries mentioned will in future coast assigned to France, yester- have to make settlements in for-day declared the Minister of Marine, M. Gasnier-Duparc, to the news- eign exchange.
On the other hand, measures have paper "Intransigeant."
The Minister explained that num- been taken to safeguard Germany's import trade with these countries]bers of tug boats were lying idle insofar as that trade was formerly in French barbours and the owners had agreed to their use by the Gov- regulated by the clearing house sys-
ernment. tem
Most of the newspapers give pro- minence to the new decree.
28
Moreover, these small craft were more practical for such work, "COMPENSATION” BUSINESS. they were not expensive to operate The Berliner Boersen Zeitung" and could patrol more effectively declares that it does away with the than cruisers or battleships. difficulties that have been u = experi-
The tiny craft will be armed with ence during the last twelve months. naval guns and will be manned by and men. Trans- In a number of cases, privately naval officers conducted business on the clearing Ocean. system has been liquidated by a general trade arrangement conclud- ed with the Governments of countries concerned. ***
the
WARMLY RECEIVED The progress of the Non-interven- the tion Committee's scheme for
ban on volunteers was mentioned in It is also pointed out that the two Parliamentary answers by the new decree does not affect the pro- Foreign Secretary who was war visions for compensation businessly received by the House on his re- with South America, Australia and turn from a short holiday. New Zealand.
He stated that final details of the Compensation business thus be proposed plan of supervision were comes practically confined to certain still under discussion and it was British territories on the coast of hoped definite agreement on the sub- West and East AfricaTrans-ject would be reached within next
few days. Ocean.
EASTERN PACT
Britain's Attitude
London, To-day.
The Committee had approved the principle of the special Anglo-Por- tuguese arrangement, but the final details of the scheme had not yet been submitted to them British Wireless
Asked if it were the view of the It is understood that the China British Government that the con- Motor Bus Company is issuing clusion of an Eastern Pact was a special season tickets for students ardinal feature in a European as from March 1, der special told the Commons: We should conditions. settlement, the Foreign Secretary
welcome any arrangement in Easy to remove tern Europe or anywhere else like Vireless.
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