1938-03-24 — Page 24

age 24

THE CHINA MAIL MARCH 24, 1938.

HUNGARIAN AND JAPANESE PLANNING TO GERMAN TROOPS SEIZE SHANGHAI CUSTOMS

FRATERNISE

Vienna, To-day.

Two German cavalry squa- drons, one of which was former- ly Austrian, and two Hungarian squadrons, met officially at the new German-Hungarian frontier yesterday.

The commanders of both detach- mente made "speeches recalling

their Great War comradeship.

The combined squadrons marched past the German and Hungarian commanders.Trans-Ocean.

SWING TO RIGHT

Budapest, To-day.

Tokyo, To-day.

The Japanese Foreign Minister is recorded as fav-

ouring seizure of the Shanghai Customs by the new Central China regime which is soon to be established, according to Domei, the Japanese news agency.

Concurring with the opinion of Mr. Seichiro Kita (Minseito Party), regarding disposal of the Shanghai Customs, the Minister remarked that in such an event it would be necessary to respect scrupulously the vested rights and in- terests of others.

Negotiations regarding thelgard to the future of the Central A swing to the Right within the amount of revenue in Shanghai China Development Company, and Hungarian Government Party took which should be earmarked for suggested early seizure of the place last night when the. Righ service of foreign loans, were still Shanghai Customs. Wing of the Party obtained ter under way. out of twelve seats at the election of the Party's executive committee

The Minister of Finance an- nounced that the Japanese Government intended to link the currency of the Federal Bank of China with the Yen.

Agreeing with the speaker, the Foreign Minister said that when the new regime was established there would be control of all of ficial establishments in Central Ching.

Immediate consequence of the election was adoption of a re- solution charging a special com- mittee with examination of the Jewish problem in Hungaria. The committee will start work meeting of the Lower House com-with tariffs in North China: immediately and will submit promittee which is examining Bills posals for solution of the Jewish providing for question-Trans-Ocean.

These announcements were made Mr. Kita suggested that those in the course of a debate at the in Central China be made uniform

HUNGARIAN FIVE YEAR PLAN

Budapest, To-day.

Increased taxation to raise funds

establishment of North China and Central China de velopment companies.

FINANCIAL INDEPENDENCE

Mr. Kita pointed out that the Financial independence of the new regime meant everything with re

yesterday.

Main new source of taxation will

TARIFF REFORMS

Such reforms, the Foreign Minis- ter replied, should be brought about under the primary consideration of rates hitherto unfavourable tol Japan, and due deference should be paid to foreign interests.

Stating that the question was un- der consideration, the Foreign Minister emphasised his opinion that tariff reform should be carri-

for carrying out the Hungarian be those with incomes above a cer-ed out all over China and not in Five Year

Plan was

announced (tain figure.-Trans-Ocean.

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PERCENTAGE ISSUE

Tokyo, Today. Negotiations are now in progress to decide what percentage of the Customs duties collected at Shang hai will be earmarked for paying interest and amortisation of those Chinese foreign loans guaranteed by Customs receipts, stated the Foreign Minister, Mr. Koki Hirota, in the House of Representatives yesterday.

Mr. Hirota also discussed the question of a uniform Customs tariff for all Ching, and declared that revision of the present tariff for Central China would be under- taken in order to remove dis criminations against Japan with- out, however, prejudicing foreign interests.

Mr. Hirota also declared that it W28- desirable that foreign, and particularly American, capital, should

be

employed in development of North China Trans Ocean.

JUNK CAPTURED AND BURNED

The third recent instance of Japanese capturing and burning of junks was reported to the police to day on the arrival in Hong Kong of Lan Chi, victi- mised master of the craft.

The incident occurred in Chinese waters near Kung Sau on March 19. A motorboat carrying 30 marines fro nearby destroyer boarded junk, forced the crew of nine into a sampan, poured

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