1938-04-22 — Page 10

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CHINA PROVIET

LOAN & MORTGAGE CO., LTD

CHINA MAIL, APRIL 22, 1988.

The China As

Third Year

ham Street, Telephone

London Office:

7, Garrick Street, London, W:02 Notice To Contributors.

all country's chief as- Germany German

ence is extended

new key position it has edim Austria, it will pene- with added vigor a region which bought from Italy in pre- axis days more than Italy could self to all Germany.

German-Italian rivalry in Cen- tral Europe has always had more at stake than the question whe All communications intended for ther Italy would have to tolerate publication should be addressed to at its Alpine doorway an enlarg the Editor, and be accompanied by jed Germany. Not simply the the Writer's Name and Address Brenner Pass, which Premier not necessarily for insertion but Mussolini has stated he will, de- as a guarantee of good faith.

Subscription Rates.

3 Months

6. Months

HK$ 9.09 HK$18

00

One Tear .... BESLU

Postage Abrosii Tštia

Hong Kong, Friday, April 22, 1938.

ECONOMIC STRAWS ON THE AXIS

fend, but spheres of economic in- inence have been goals toward which both nations have Com- peted. Teutonic invasions of the Italian peninsula through the of Brenner Pass are a matter history, but Germanic invasion of Italian economic strongholds in Ceneral Europe. is a record of news on which the ink was hard- ly dry when the German drive into Austria opened a new chap- ter.

That is the chapter that will be written in the next year or two. Protestations from both Ger-And the moving pen may be dir- many and Italy that the Rome-lected by the democracies if their Berlin axis remains unbroken statesmen recognise the oppor- fail to remove the impression tunity they possess to strike that it is considerably bent. It against aggression and apparently sustained the jolt of any spread of totalitarianism by Germany's political assorption of use of economic pressures. What Austria. But will it prove able politics has so far failed to do, it now to bear the inevitably in- and economics together might yet creasing weight which economic accomplish. absorption of a key Central

European country must lay upon

lit?

to curb

This new weight will not be Troubadours in Town felt at once. Economic absorp

tion of Austria by Germany is There is a move on foot in Lon- something that cannot be accom-don to ban street singers and plished overnight through a mili-musicians from the West End, tary coup. And it is a question where, it is alleged, their efforts whether such readjustments as annoy occupants of premises, and would help to fit Austria into Ger-interfere with werk- many's exclusive economy can be Apart from this new oppasi- made without adding economiction, these are difficult days for injury to the political insult Italy the strolling troubadour: modern already has had to swallow. conditions bear as hardly upon

One effect of Anschluss no him as upon his more eminent doubt will be to make Austria a brother of the orchestra; and if poorer customer of neighbouring canned music has curtailed the states. As a part of Germany, activities of the one, the mech Austria already is feeling the ini-anic symphony of the streets, tial effects of German monetary with its recurring and shatter- policy, directed at the moment to fing theme for electric drills, goes preventing Jewish refugees from far to drown the notes of the escaping with their money from other..

the new German state, but almost Indeed, on a main thorough- certain to become a part of the fare, the troubadour can seldom system by which Germany will interefere with workers, since, administer Austrian financial af-except in the case of an early fairs Germany is taking over reveille, or a late serenade, it is Austria's gold reserves, which only very occasionally, during a steps will double Germany's, but full in the bombardment, that offers no encouragement to Aus-the chirrup of his violin, or the tria's creditors, nor to those who twitter of his tin-whistle, can be in future might wish to find a caught. Even the staccato mer- paying market for their goods in riment of the barrel organ emer- Austriz.

ges over but a limited area. An example of the widening In the quieter streets it is, of circles in the pool of Central course, another matter; and if his in the vein for caused by the Austrian splash music, they must command our may be seen in the fact that Yu-sympathy. It is true that they

European trade which have been audience are not

goslavia has suspended all exports may emulate Pied Piper's Street

onics can rais

Was sure for the future to

lose his labour,

to Austria, and that Yugoslavs Where any one playing on anticipate extreme changes in

pipe or tabor their economic position because of the German-Austrian union.

These are waves against or, more generous, they may al- which not even totalitarian econ-low themselves to be mulcted of effective break-hush-money", but neither reme- ers. There is apprehension in dy is very satisfactory. Yet, several Central European coun- on the other hand, there are tries that the march of economic those who welcome him, and he developments thus started will has especially, hike the Pied not be stopped at Austrian bor-Piper, a following among the ders.

children. Perhaps, instead of These countries will now find banning him altogether, he might it harder to sell their products to be restricted to certain hours, or Austria, and indeed are arbitrari- compelled to be literally

prevented from buying from dering, and not a lingering, min- Austria the lumber which is one strel.

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