1938-04-02 — Page 11

THE CHINA MAIL, APRIL 2, 1938

AUSTRIAN RAW MATERIALS Capable Of Becoming Source Of Supply

HUGE DEPOSITS

OF IRON ORE

London, March 16.

Since the partition of the old Austro-Hungarian Empire after the war, present-day Austria has never been regarded as economically, a wealthy country.

Nevertheless, it would be a great mistake to underrate her economic importance to Germany. In certain directions Austria is capable of becoming a source of supply of the very greatest importance.

Man Who Dealt

In Millions

Sent To Prison

ง

William Henry Billal (Bey) Quiling with millionaires-in millions. liam, fifty-two-year-old retired solf- Once he was commissioned to buy eitor and international · financier a warship for “a South American who from a small set of offices in country," and took steps to buy an central London operated frauds outdated ship from the British Navy which deceived 184 firms through and to re-equip it ready for battle. out the world, has been sentenced His price for this deal was £2,000,- at the Old Bailey, to two years' im-1000.

"Under the contract he had also prisonment,

guns, The transactions were so com- to provide airplanes, First, Austria possesses high- Austrian sugar industry is also of plicated that police investigated thousands of rifles and ammunition. The deal was nearly completed grade iron ore in the Eisenberg, some importance, and Austria also for a year before starting the pro-

when Scotland Yard intervened., the iron mountain, belonging to the possesses certain natural oil re-secution.

They took statements from Quilliam had an interview with Sir Alpine Montan Company, but the sources.

Arabs, Jews, Indians, Canadians, Basil Thomson, then head of the potentialities of this great deposit

Thanks to the financial genius of South Africans and Americans and, Special Branch, who told him that of ore have, I understand, not been

Dr. Kienboeck, Governor of the

to prove their case, brought for his part in the deal he was liable hitherto fully exploited as it has been the policy of the Austrian Austrian National Bank, Austria witnesses from Palestine and Delhi, to life imprisonment if convicted

has been able to build up in recent capital of India. years what Nazi Germany has

men described as Two never possessed, a sound currency figures in the case were also

This, of course, will now go by victed Charles, Frederick Davies, the board, and its basis, a reserve aged fifty-one, a clerk, of Harrow, of gold and foreign exchange was sentenced to four months' jail, valued at about £16,000,000, will and Joseph Jacques Leont Helou, no doubt be swept into the Ger- thirty-eight-year-old merchant from lower Egypt, was sentenced to twelve months.

Government to conserve the na- tural resources of the country.

Present outputs is about 1,000,- 000 tons a year, but with a forward policy of development, I under- stand that this could be increased at least three or four times.

•}

FOR MUNITIONS

man net.

*

RESORT FROM SWAMP minor Quilliam was astounded to learn con- that the arms were to be used in a

rebellion against the Government of Venezuela. When he produced do cuments to prove his part in the affair was innocent, the incident closed without reflection on his character.

One of Billal Quilliam's friends So, too, presumably, will be the Then there are the Veitscher balance in favour of Austria, esti- DEALT IN MILLIONS. said "He thinks and works in the Ons of ~ mand Magnesit Werke, the largest promated at about £2,000,000, which Among those who saw Quilliam grand manner. ducer of magnesium in the whole has accumulated on the Austro- sentenced were people who knew swamps of a desolate district in world and magnesium is an German Clearing Account as the re him in the days, when, according the South of France he created a essential ingredient for high-speed salt of Austrian exports to Germany to his autobiography, he lived in luxurious resort, dug canals, floated steel alloys and, therefore, an im- exceeding her imports from Ger- luxury in Europe's capitals, as gondolas, and held a grand carniyal portant munition of war.

sociating with foreign rulers, deal for the opening ceremony.

Thirdly, and probably most im- portant of all, is the water power of the Tyrol. Owing to Austria's limited requirements of electric power, the hydro-electric poten- tialities of the Tyrol have hitherto been developed on a limited scale.

Even so, it is a fact that for some years past power has been supplied from the Vorarlberg to the far-off Ruhr district of Germany.

It is claimed that, with inten- sive development, the Tyrol could produce enough electricity to render all Germany indepen- dent of coal as a source of power.

These are the main economic assets of Austria, which could be made to serve her new masters' autarkic and militaristic ends.

GOLD RESERVE

Of smaller, though far from negligible, importance, are the armament works of Steyer, the Hirtenberg cartridge factory and the Austrian Krupp factory." The

many.

Any left. I wonder?

NEW STAMPS

Postage Stamps of the new issue HL. M. King George VI in the de- nominations 2 cents, 4 cents and 25 cents will be on sale in all Post Offices as from April 5,

In order to assist dealers - and others who require considerable quantities of these stamps for “first day covers" supplies in complete sheets- of 120 stamps only will be available at the Chief Accountant's Office, 1st Floor, Post Office Buil- ding, from 5.00 pm to 6.00 p.m. on Monday 4th April. The stamps will not be valid for postage until 5th April

Hooray Ovaltine Rusks

From teething time onwards, Ovaltine' Rusks are a great favourite with babies. De- licious, crisp and crunchy, they give the natural biting exercise which helps so much to bring the teeth easily and comfortably through the gums.

During childhood they keep the teeth sound and firm and ensure the correct forma tion of the mouth. - Made from the purest unbleached wheaten flour, Ovaltine Rusks contain the necessary vitamin's and other valuable health-giving properties.

1ESCHO