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THE CHINA MAIL, APRIL 27, 1937.
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BRITISH DEFENCE LOAN
£100,000,000 Issue At Two And Half Per Cent
TAKING ADVANTAGE OF MARKET
London, To-day.
Britain's first Government issue of National Defence Bonds for financing the new defence pro- gramme is announced for April 29.
THE BONDS, THE OFFER OF WHICH DOES NOT EXCEED A TOTAL OF £100,000,000, WILL BE ISSUED AT 90-1/2 ̊ AND WILL BEAR 2 1/2 PER CENT. INTEREST.
on
The loan will be redeemable months and the first dividend would before the end of 1948 by an-ue thirteen shillings per cent. nual drawings at par of not less september 15, 1987.
that special ar- than twenty
He intimated per cent. of the amount of the loan. First draw-rangements would be made for the Post ing will be in the Autumn of small investor through the 1944.
Office and Trustee Savings Banks,
per cent.
quired for financing the
China's Coronation Delegates
Genoa, To-day.
The Chinese Minister of Navy, Admiral Chen Shao-kwan, one of China's two main delegates to the Coronation, left for Lon- don' last night via París.
The Minister of Finance, Dr. H. H. Kung, is expected to leave Genoa for Vienna and Prague to- day-Reuter.
Negro Communist Freed
Washington, To-day. The Supreme Court yes- terday set aside a sentence of 18 to 20 years' penal ser- vitude imposed in 1932 Angelo · Herndon, a Negro Communist organiser.
on
The Court ruled that interpre- tation by the Georgia courts (where Herndon was sentenced)
NEW DUTCH LINER of the Law of 1871, prohibiting
FOR BATAVIA
ROUTE
Order Placed For
Big Motorship
Amsterdam, To-day.
insurrection against the State, had been unconstitutional.
The statute invoked by the courts violated the guarantees of liberty embodied in the Fourteenth Amendment.
The State said Communist liter- ature was found in Herndon's pos- session advocating establishment of á "black belt republic" in the An order has been placed by the south after seizure of all land be Nederland Royal Mail for a new longing to Whites. defence
passenger motorship of 20,000 tons for the Amsterdam-Singapore-Ba-
fice issue of amount up to $1,000.{reducing the floating debt and tavia run.
in multiples of £5.
MARKET QUESTION
The new vessel will be fitted with
no
Herndon, who is at present free
there was on bail, contended evidence that he advocated vio- lence or other unlawful acts.
Reuter.
TIENTSIN-TOKYO
AIR LINES
The first dividend will be 18- The proceeds of the issue until re- There will be a special Post Of Programme would be available for would, in any case, cover the es- timated expenditure of £80,000,000 three screws and will do the voyage to be met this year from borrowed to Batavia in four days less than monies, observed the Chancellor, at present.
It will accommodate 513 first and Asked in the House of Commons who reminded Major Attlee, in re- yesterday why he proposed to issue ference to a discrepancy between second class passengers, 148 third £100,000,000, the Chancellor of the the figures of the loan and of the class, and 52 fourth class, and is Exchequer, Mr. Neville Chamber-appropriation in aid provided for expected to attain a speed of 21 Commencing Operations lain, said there was no necessary in Estimates that the Government knots.
It is hoped to place the new relation between borrowing and would issue the bonds or loans just the amount it was proposed to pro-as the market might appear to be luxury liner in commission by July,
1939.-Trans-Ocean. infavourable. vide by way of appropriations
City writers in the evening press aid this year.
Government would issue, bonds say that news of the issue
well received-British Wireless. or loans as the market may appear favourable, he added.-Reuter.
STATEMENT IN COMMONS The terms of the $100,000,000 issue to be made on Thursday were announced at Commons question
WB9
SOVIET FIVE-YEAR
PLAN
time by the Chancellor of the Ex-Completed Nine Months
chequer, who explained that in the
general interests of local author-
ities and other borrowers it was
desirable that the market should
Ahead Of Schedule
Moscow, To-day. The second Soviet Five-Year Plan
know his intentions in respect to has been carried out nine months borrowing under the recent De ahead of schedule, states the report fence Loans Act.
Mr. Chamberlain said it Was
of the central statistical.... bureau,
proposed to advertise on Wednes-published yesterday.
of the
Although the report admits that day morning the details
It petroleum production and the out- issue to be sold on Thursday, would be a short to medium term put of the mining industry are still security, redeemable before the behind schedule, it states that the end of 1948 by annual drawings at output of Soviet industries is par. Subscriptions would be pay-seven times as great as in pre-War able by instalments over three days.--Trans-Ocean.
SCALDED!
What is to be done to relieve the excruciating pain? She-ko, gently smeared on the injury, cools the burn- ing sensation, prevents blistering and rapidly heals.
A fragrant, non-irritating, antisep tic ointment, Sho-ko is composed of a blending of the best known substances for the relief and cure of injuries and affections of the skin.
Good for all minor forms of skin injury, cuts, burns, scratches, ab rasions, She-ko is equally beneficial for the curative treatment of skin com- plaints such as eczema, ringworm, itch, wet and dry sores, and for the relief of external piles. Of all medicine dealers,
SHE KO
Antiseptic.
Soothing.
Curative.
now:
¿
On June 1
Tientsin, To-day. The
Hui Tung Company will operate the North China to Japan FELL ON SPIKE
air service as from June 1. Every Suffering from serious injuries
|Monday, Wednesday and Friday, a received when he fell on a pointed machine will leave Tientsin at 7.50 iron bar while playing near the am. to arrive in Tokyo at 5.30 p.m. Old Market at West point, Hom Every Tuesday, Thursday and Satur- Kin Fang, 11, was admitted to the day, the same machine will return G. C. H. yesterday.
to China. Our Own Correspondent.
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