THE CHINA MAIL, JULY 21, 1937.
JAPAN TO
HIGHER PAY
REVALUE HER FOR BRITISH
GOLD STOCKS
London, To-day.
News of the Japanese Govern ment's decision to revalue the Bank of Japan's gold stocks came too late. to affect the London market yester day, but bankers with Far Eastern connexions at present are engaged in discussing the implications of the matter.
Coming as a complete surprise. and at such a moment, some well- informed quarters naturally connect the action of the Tokyo Government with the present Sino-Japanese situation, but the view is now grow- ing that some defence fund for the yen may be necessary in order
to
ARMY?
London, To-day. Proposals prepared by about 100 Conservative Members of Parliament for improving the recruiting situation in the Bri- tish Army, were submitted" to the Secretary for War, Mr. L. Hore- Bellshs, on Monday.
that
Hi It was recommended
wages be increased, barracks im- proved and more ex-soldiers tak- en into Government service, ment
Mr. Hore-Belisha declared the proposals would receive careful consideration.→→Trans-Ocean.
STEEL MILL
maintain the yen against pressure SHOOTING
resulting from nervousness about
North China. Reuter.
JAPANESE 'EXPLAIN
Osaka, To-day.
UPHELD BY JURY
It is understood that the Finance
Chicago, To-day. Ministry has decided to introduce A coroner's jury investigating two Bills at a special session of the steel mill riot in Chicago on Parliament commencing on July 24. May 31, in which ten strikers One of the Bills pertains to re- were killed by police, yesterday valuation of the gold reserve of the returned a verdict of justifiable Bank of Japan, and the other, crea-homicide in each case. tes an exchange adjustment fund account.
The jury found that each of the The rate of revaluation has not deceased met death 'from bullet yet been disclosed but it will pro-wounds inflicted by unknown police bably be fixed at 10 per cent. under officers. the world gold market prices.
GOVERNMENT PROFIT.
They also found that the victims died while marching with a large The gold reserve, amounting to body of well-armed persons attempt- Y 500,000,000, will be revalued at ing to force their way through the about Y 1,300,000,000, thus enabling police lines to the plant of the the Government to make a vrofit of Y Republican Steel Corporation. 800,000,000, of which Y 600,000,000 will be used as an exchange ad- justment fund.
It is understood this action will not mean legal devaluation of the yen as the Government does not in- tend to decrease the gold content of the cain. Reuter.
EUROPEAN
REVENUE OFFICER CHARGED WITH BRIBERY
Renter.
.
KHABAROVSK "SPIES" EXECUTED
Moscow, To-day.
The trial and execution of an- other twenty-four railway officials át Khabarovsk for alleged spying, was reported in a local paper on July 10.
All the victims were alleged to be members of the "Trotskyist- Harry Richard Major, revenue Japanese terrorist spying organisa- officer, who returned from Humetion operating on the Voroshilo Leave only a few weeks ago, was branch of the Far Eastern Rail- charged at the Central Magis way." tracy this morning with receiving
a bribe as a public servant.
The charge was as follows:
That he, being a public
i.e. a revenue officer of this
The same paper has published in the past ten weeks the names of 130 persons allegedly executed in
on June 23, 1937, on boathe Far East on similar charges.-
Wo Reuter.
Ping Yee in the waters of the Co- lony, did demand and receive $200 a& a bribe from Lee Yi with a view to influencing his conduct as a public servant
C.D.L.John Murphy is in charge of the Case
Mr. D. B. Evans appeared for the defence
Mr. peurihy
not to fake
the
-sum cluded
dietion.
Bail In granted on a we being approved.
Schofield
g, out that rerning a
court's juris-
$500 was formal remand
Anglo-Italian
Relations
Rome, To-day.
The Italian newspaper cor respondents who were ith- drawn from London by Signor Mussolini just before the Co- ronation will be returning to resume their services, on Au- gust 1. The decision is regard- ed as indicating a continuance of improvement of Anglo-Ita- lian relations. Reuter.
~UEENS
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