1937-04-14 — Page 9

THE CHINA MAIL, APRIL 14, 1937.

Page

BRITAIN'S GOLD PRICE

Germany Invited

Into Tariff

Truce?

BRUSSELS, TO-DAY.

THE BELGIAN PREMIER,

NO INTENTION OF

FIXING RATIO WITH STERLING

London, To-day.

"It is not at present part of the Government's policy to maintain a fixed price for gold in terms of M. PAUL VAN ZEELAND, HAS Sterling," stated the Chancellor of the Exchequer, TAKEN THE FIRST OPPOR- Mr. Neville Chamberlain, in answer to questions in TUNITY TO SOUND GERMANY the House of Commons yesterday. ON THE ECONOMIC MISSION RECENTLY ENTRUSTED HIM BY THE BRITISH AND FRENCH GOVERNMENTS, AC- CORDING TO THE NEWS- PAPERS WHICH SPECULATE ON WHAT HAPPENED AT A PRIVATE MEETING BE TWEEN THE PREMIER AND THE REICHSBANK PRE SIDENT, DR. SCHACHT, YESTERDAY.

HE ADDED THAT THE PRICE OF GOLD WAS ONE OF THE FACTORS TO BE TAKEN INTO ACCOUNT IN DETERMINING MONETARY POLICY FROM TIME TO TIME.

OLD PRIVILEGE ABANDONED

U.S. PURSUES GOOD NEIGHBOUR POLICY ·

TREATY SECTION

REPEALED

Washington, To-day. The United States performed an- other "good neighbour" gesture yesterday when the Secretary of the Ambassador signed a

State, Mr. Cordell Hull, and Mexican

treaty repealing the section of the United States-Mexican Treaty of United 1853 which granted the States the right to transport arm- ed forces

of across the isthmus THE GOVERNMENT WERE FULLY ALIVE TO THE UN-Tehuantepec.. DESIRABILITY OF INTERFERING WITH THE FLOW OF BUSI- Before completion of the Panama NESS TOWARDS RECOVERY.

Canal, the isthmus constituted an important short cut, between strategic Atlantic and coast areas.

satisfied He was

with

the system by monetary action on the working of the tri-partite mone-part of any of the Governments tary agreement (between Britain, concerned. There was no express HJALMAR the United States and France). reference to the gold value of the

Purpose of the agreement was to several currencies.

the Pacific

United States troops were never moved across the territory but the right long constituted to Central

is

It is unofficially suggested that maintain the greatest possible These answers led to a supple- American minds a sinister relic of the Premier alluded to Germany's equilibrium in the system of inter-mentary question whether he was United States imperialism, which

negotiations the United States Government part in a tariff truce, the possibi-national exchanges and avoiding to contemplating any lity of eventual devaluation of the the fullest extent any disturbance with the United States and France now liquidating in the interests of mark and prospects of the Bank of of that system by monetary action for a wider and more permanent her friendly Pan-American policy. International Settlements support-by any of the Governments con- agreement. ing the Reichsbank,

cerned.

i

Reuter

The Chancellor said he was not The agreement did not refer ex-contemplating that at the present Dr. Schacht alsó met a number pressly to the gold value of the time and, to another question, he of industrialists, including the

several currencies.-Reuter.

explained that the last answer was Governor of the Belgian National

not inconsistent with the expres- Bank, M. Franck.

sion of hope in the declaration of Another report says he is pro-

September 19th that it might be The Chancellor of the Exchequer followed by further measure to- posing a big barter transaction of Belgian colonial produce for Ger- was asked two questions in the wards lowering of the restrictions 31⁄2 stones, and men who man manufactures. Reuter and Commons by Mr. Boothby, a Con- on international trade. British

Trans-Ocean.

Dr. Schacht In Brussels

PLANNING

servative member who has been Wireless. associated at various times with the advocacy of "Planning" and "Managed money".-

He asked first for an assurance that the Government had no inten- Brussels, To-day. tion of taking action to check the rise in commodities by raising the The President of the Reichsbank, price of sterling in terms of gold, Dr. Hjalmar Schacht, arrived in

in view of the deflationary effect Brussels by plane early yesterday it would have and also whether the morning.

S.P.C. STREET SALE

To Be Held This Saturday

WOMEN'S FEATS OF STRENGTH

Loads Of 81⁄2 Stones

Women who carry weights up to think nothing of handling loads of more than Scwt, are mentioned in Safety Pamphlet on weight-lifting in industry issued by the Home Office.

a

The women are employed in the firebrick industry, where some of the oldest methods of carrying are [in use. They carry the loads sup- ported on a bustle of straw, cover- to ed with sacking, and attached the waistline.

A load of 741b may be carried in

maintenance of cheap money re- One of the Colony's best-known this way. With the bustle turned He was met at the aerodrome by mained the fundamental objective and most valuable organisations for round. fire-backs weighing. 70lb,

the German Minister, Baron von of Government policy. Richtofen, and the Governor of the Belgian National Bank.

the relief of poverty and suffering and sometimes 1191b, are carried

methods

of

stu-

Mr. Neville Chamberlain said amongst the poorest of the poor on a woman's back a distance of they were fully alive to the unde- the Society for the Protection of some yards.

with the Children is holding its annual Dr. Schacht is expected to confer sirability of interfering

"Although such. with the Premier, M. Paul van flow of business towards recovery.street sale of flowers on Saturday carrying seem archaic they are of Zeeland, to-day--Trans-Ocean. With regard to cheap money, he next, April 17. The event is being considerable interest to the

referred to his answer on Monday organised by the Women's Auxiliary dent of weight lifting and carry- in which the point was made that of the Society, and as this is one of ing.," it is stated. "Custom cheap money was not an object in the Society's main sources of in-evolved in this industry a method itself but a means for securing an come it is hoped that the public of carrying which is, scientifically improvement of trade activity and will show its appreciation of the sound.

is The most frequent causes employment. While the Chancellor social work which the Society

SMUGGLING IN N. CHINA Apparently On Wane Recently

has

of

was satisfied that the policy actual-doing by liberally responding to weight-lifting accidents were found ly followed had given the maximum the appeal for funds.

to be joint lifting multiplication stimulus to economic recovery, no Last year, the Society dealt with of man-power to divide the load- London, To-day. statement could be made as to the 1,572 new cases, affecting the well-and too high a ratio between load Smuggling in North China

Since its and body weight. About one in four has future since measures to be taken being of 3,687 children. apparently diminished recently, de- at any time would depend on the foundation, the Society has handled of the accidents among men occur- clared the Foreign Secretary, Mr-course of events.

no fewer than 5,864 cases, involv-red when two or more were negotia- Anthony Eden, in the House of

ing 11,751 children. Of the cases ing a load. dealt with last year, one thousand Commons yesterday in answer to a

required medical attention. question from Mr. W. R. Duckworth,

TRIPARTITE AGREEMENT

MR. BROTCHTENI

Prince Nicholas's New Name

Conservative member for Moss Side. Mr. Boothby's second question Some idea of the poverty-level

In view of indications which had

about the tripartite cur-reached by those whom the Society reached him, however, he was con- rency agreement and whether helps may be gathered from the sidering whether there were any it precluded any alteration of the fact that last year the average in- further steps that could usefully be gold value of its currency by any come per head per month of the taken. -Reuter.

of the three Governments without cases dealt with was as low as $1.78.

Bucharest, To-day.. prior consultation with the others. Every case handled is closely in- Prince · Nicholas, Heir Presump-

Mr. Chamberlain, said § he was vestigated before

is tive to the Rumanian throne

assistance.

All correspondence intended for

who the Hong Kong Hockey Association satisfied with the working of agree-¡given, and the public can rest as-last week was deprived of all his should be addressed to Sub-Inspec- ment and added that, the purpose of sured that the money it contri- Royal rights and titles, has taken tor L. - Tyler, Police Training the agreement was to maintain the butes is put to the best possible use. up residence on his estate at Brotch- School, Kowloon, who has taken greatest possible equilibrium in

teni, in the Austrian Tyrol. Mr. Lîn Sen, President of ex- over the Secretaryship of the Hong the system of international

He intends to adopt Brotchteni as Kong Hockey Association from changes and to avoid to the utmost National Government, left Changsha his family name, it is understood.

extent Mr. F. A. Kemp.

disturbance

-Trans-Ocean. that for Hankow yesterday at 3:00 p.m.

the