1938-05-06 — Page 24

JAPAN CHASING DEVALUATION OF GAYDA VIEWS

WILL O'THE WISP IN CHINA

Berlin, To-day.

THE FRANC

Amsterdam, To-day.

THE CHINA MAIL, MAY 6, 1988.

FRENCH-ACTION GLOOMILY

Rome, To-day.

The new devaluation of the French franc met with a calm re- ception in Dutch finance circles. It That a disturbance of interna- The problem of communications is stated that the new quotation of tional financial and currency rela in China was the subject of a lec- the franc will be 5, .01 Dutch florins tions would be the consequence of ture by the German Minister of for 100 French francs and that it the new devalution of the French Communications, Dr. Dorpmueller, will be possible for the French franc and that · serious upheavals at a meeting of the Society For Government to maintain this rate in the French economic and social, Study Of China, held yesterday. insofar as the advantages secured system would be caused thereby, is The Minister expressed the hope, by the devaluation are not lost the view of Virginiò Gayda, ex- that a peaceful solution in the again through another general pressed in “Giornalë d'Italia”. Far East would soon be found rise in wages.

In progressive stages, the demo- whereby the natural equilibrium of As the movement of the rate of cratic governments of France had, forces in that part of the world exchange of the French franc has declared Signor Gayda, reduced the might be reached.

also affected the Belgian Belga, the value of the once stable franc' to future of the Belgian currency is less than one twelfth of its pre- considered as uncertain.

war value,

In the course of the discussion following the lecture, Herr Streve, who was a member of a commis- sion despatched some time ago to study

in on the spot conditions China, gave a description of the present situation in the Far East.

HOPE ILLUSORY ·

Once again, a democratic · State had suddenly created new condi- tions that disturbed the basis of economic co-operation among tions and the system of internȧ- |tional currency agreements.

na-

SWISS FRANC The

the rate of exchange of Swiss frane has recovered here since Switzerland declared that it would maintain the present rate.

The Dutch Florin yesterday was Herr Steve emphasised that des- somewhat weaker but this was not The franc devaluation, undertak- en despite proud gold reserves a' pite the injury, to trade resulting | regarded 19 a reason for un-

the Bank of France, was the conse- from the Sino-Japanese war, easiness, as the Dutch currency

and economic China's reserves in regard to the equalisation 'fund yesterday saw no quence of financial population and raw materials were occasion for intervention.--Trans- so immense that any idea of forcing [Ocean. China down on her knees was abso¬ lutely illusory.

Chan Kwai Hing and Chan Ho, Even should the war result in a walking in Chung Char-kok, New

chaos in France and in Signo Gayda's opinion the repercussions must be felt in different countries. -Trans-Ocean..

victory for Japan, this would by Territories, were held up by two GUERILLAS

no means be conclusive in the sense men, one armed with .a revolver of establishing a permanent state and robbed of money and jewellery of affairs.

to the value of $162.

On the contrary, the world is now witnessing the reawakening ofner unknown in all the long cen- China and the Chinese people are turies of its history. (Trans- now achieving its unity in a man-'Ocean.)

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MENACE

PEIPING AREA

Peiping, To-day. Considerable tension ex- ists here as the result of the reported arrival of guerillas

STOP PRESS

AUSTRIAN LOAN

eight miles from Peiping MAX GUARANTORS

west wall. Many others are near Tungchow.

Aprehension has also been caused by the closing of most of the gates and the pre- vention of Chinese from leaving the city. A careful search-is-being-made-of- every person entering..

A Japanese spokesman de- clares that the precautions

Amsterdam, To-day. The commission of guarantor State of League of Nations' loans will meet shortly to examine the legal situation regarding the League of Nations' loans granted to Austria and guaranteed by the Powers, reports the "Telégram”- yesterday.

Among the guarantor powers are. Great Britain, France and the Ne-

are due to a reported Com-therlands. munist infiltration into the city in order to cause disturb-

ances.

The city was shaken yester- day by bomb explosions. The Japanese explanation that this was due to bombing practice was accepted at the time, but to-day the news was learned, of the guerillas' approach..

The only safe exit from Pei- ping at present is by train to Tientsin. The service is still running normally.

Chinese entering the city gates are scrutinised by Chinese police and Japanese troops. The incomer's palms are rubber-stamped to enable a complete check on arrivals. Inns and other resorts are-be- ing searched. Peiping and the whole of Hopei Province have been almost denuded of Ja-. panese troops in order to pro- vide all possible reinforcements for the Shantung front.—Reu-. ter:

SEPTUPLETS WERE STILLBORN

Hanvana, To-day,

It is now learned that, the septuplets born to Cuban woman yesterday were all still- born-Reuter,

The Netherlands will be repre- · sented at the conference by the former commissar general of the League of Nations in Vienna, Dr. Zimmermann.-Trans-Ocean.

CZECH NOTE TO POLAND

Warsaw, To-day.

The Czecho-Slovakian Govern- ment, in a note to Poland, promises to liquidate Communist activities on the Czech-Polish frontier,

The note is in reply to a memor- andum from Poland alleging that Communists in! Czecho-Slovakia were propagandising. against Po- land by means of newspapers and pamphlets. Reuter.

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