1938-03-19 — Page 24

THE CHENA MAIL MARCH 19, 1938:

COLONY'S BUOYANT REVENUE

Kowloon-Canton Railway revenue rose in January to $148,164, official figures issued by the Treasury to day reveal

BRITISH TRADE AGREEMENT WITH ITALY

London, To-day

It is understood that a new trade agreement has been reach ed between Britain and Italy, and was signed by the Foreign Secre tary, Lord Halifax, yesterday.

The Colony's revenue during Janu- The agreement is the result of ary resulted in a net increase in negotiations which have been pro- : the surplus balances of the Colony ceeding quietly for six weeks, and is by over $900,000, the income total-expected to have a favourable re- ling $3,758,198, over $550,000 more action on the Anglo-Italian political than in January, 1937, and expendi- talks. ture, $2,817,299, about $390,000 more than last year.

The agreement increases the coal quota, benefitting South Wales, and

Receipts from duties at $982,000 (also Lancashire cotton. for the month, believed to be a Co- lony record, was more than double the revenue from this source January, 1937.

It also raises the quotas for Bri- tish imports into Italy by 27%1⁄2 per in cent

LITHUANIA LIKELY TO ACCEPT DEMANDS

(Continued from Page 1)

“NO REASON”

Mr. Noel-Baker suggested, there- fore, that the League: Council might well be summoned in the present dispute between Poland and Lithuania.

A new clearing agreement was also signed, releasing a large sum for financing British exports which were formerly devoted to liquidation of past debts-Reuter. ·

anything in the present case.” Trans-Ocean..

SOVIET SUPPORT

Kaunas, To-day. It is

rumoured here that the Soviet Ambassador in Paris has declared to the French Govern- inent that in the event of a con- flict with Poland, Lithuania could reckon on support of the Soviet Union.

Mr. Neville Chamberlain, in an No confirmation, however, is so almost curt reply, stated: "I see no far forthcoming in official circles reason for thinking that the here of direct assurance to this League of Nations can accomplish effect by Moscow.-Trans-Ocean,

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