1937-07-12 — Page 5

THE CHINA MAIL, JULY 12.

FRANCO-GERMAN TRADE AGREEMENT EXPECTED TO IMPROVE RELATIONS

Paris, To-day.

The Franco-German Trade Treaty signed on Saturday was the culmination of a long series of negotiations which began shortly after expiry of the old Treaty in 1935.

The result now achieved is not only of econo- mic significance but, thanks to deeper under- standing of mutual needs and to the friendly spirit in which the negotiations were conducted, is also of great political importance.

It is particularly noteworthy that the new French Cabinet which, on taking office found that the work of its predecessor had almost reached completion, immédiately used all its influence to bring the negotiations to a positive result without delay.

The new Treaty comprises a series of agreements concerning ex- change of goods in commerce, me- thod of payment, tourist traffic and many other matters.

TWO-YEAR BASIS

The new agreement takes the place of the commercial payments agreement hitherto in operation and is based on that between France and Germany signed on July 28, 1934. It comes into force on August 1 this year.

The agreements run in the first instance for two years, till August, 1939.

3

The fundamental difference be- tween the present and the previous agreement is that in place of clearing agreement, both countries will settle in cash and that in cal- culation of goods traffic, German exports will be taken as the basis.

The new Treaty, accordingly, is in principle the same as the Belgo- German Trade and Payments Agree- ment..

}

QUOTA EXTENSIONS The payments plan is based on estimated German annual exports and also provides extension of exist ing quotas and for reduction of cer- tain import duties.

·KING CAROL-

ARRIVES

:

IN PARIS

Parts, To-day. King Carol of Rumania, arrived here by the Orient Express at 8.40 yesterday morning.

The King has accepted various invitations from President Lebrun and French Ministers, and will stay in Paris till Saturday, when

•he goes to Brussels. — Trans.-

Ocean.

WAUCHOPE

VISITS EMIR ON PEACE QUEST

Jerusalem, To-day.

The High Commissioner for Pa- lestine, General Sir- Arthur Wau- chope, left here by air on Saturday Transjordan where he intends to for Amman, the capital city of

Emir Abdullah the probable future discuss the political situation with King of the United Arab State.

To ensure maintenance of the

In political circles it is consider- present value of trade, the most ed that this visit coming so soon favoured nation clause has been

after publication of the British: plan. for the partition of Palestine retained, but in addition a com- prehensive series of Customs duas intended in the Royal Commis- ties has been fixed, some of favour, of Abdallah's candidature

sion's Report, is a demonstration in- which have been lowered.

for the throne of Palestine.

على

Firm confidence is felt that Trans-Ocean.

economic co-operation between the two countries will develop, though in case any snags are met, a com- mittee has been appointed which will meet regularly and will also endeavour to extend the usefulness of the Treaty -Trans-Ocean.

UNEMPLOYMENT IN GERMANY

The

ployed

549,000

of June issued

of Labour

Berl

This figure is considerably lower han at the same period last year and also the lowest- unemployed ast year,-“ namely, 1,085,000 Crans-Ocean.

BIG TRAFALGAR SQUARE DEMONSTRATION

London, To-day

giant Communist demonstra= tion, in favour of Republican-Spain was held in Trafalgar Square- yes- terday..

The Labour Member of Parlia ment and Leader of the Council of the L.C.C., Mr. Herbert Morrison, demanded abolition of the embargo on the export of goods to Spain, and the! mbetini -passed- a resolu- tion that export of arms to: Valen-| dla should be allowed:

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