A CORNISH INDUSTRY, Miss Jean White, of Newquay, Cornwall, heads a novel industry. She employs several local girls. in her studio, where she makes model galleons. These she supplies all over the country, and is making models of the "Victory", Golden Hind" etc., for sale at Portsmouth and Chatham during Navy Week. All the models are hand made, and are remarkably accurate as to detail Photo shows-Miss Jean White putting the finishing touches to an oversize model galleon of the Spanish Armada, which she has constructed from the wood of old orange boxes.
ADM. HORTHY
MADE MUCH OF IN GERMANY
Berlin, To-day.
tury, they were making their last
The army of which he was placed in command was composed of Hungarians, Austrians, Ger- mans and Italians.
German Shortage Of Liquid Funds: Bourse Slump
at
Koenigsberg, To-day. The first authoritative statement on i the causes of the recent happenings on the German Bourses was made by Herr Walther Funk, the German Minister for Economics, in the course of a speech at the opening of the Baltic fair at Koenigsberg. He freely admitted that there are people in Ger- many "whose weak nerves or bad conscience had allowed them to be influenced by malicious suggestions thrown out by irresponsible quar- ters abroad" in connection with the price move- ments on the share markets.
Herr Funk gave as causes of the CORDELL HULL SPEECH rush to sell on the consequent sharp fall in prices, the fact that Jews
Dealing with the recent speech
were disposing of their holdings of Mr. Cordell Hull, the Minister under the impression-although a
said:-
false one that in future Jews will "I find myself obliged to contra- not be allowed to hold German dict Mr. Hull when he says that shares and securities.
German methods will lead not to an increase but to a decrease of exchange of goods. The fact prove the contrary.
SHORTAGE OF CASH
the
The trade agreements which we have concluded of late have led. without exception to an increase in the volume of trade, in some in-
stances very considerably.
This selling movement, the Min- ister went on to say, coincided with an acute scarcity of liquid capital in industry brought about by a fur- ther marked extension of industrial production. This scarcity of liquid capital was also partly due to the new system of financing public ex- Dr. Funk hinted at the possibil- penditure by half-yearly treasury ity of an extension of the present big effort to overrun Europe.
certificates acceptable as collateral
system of biliateral commercial Prince, Eugen has become with security, instead of as formerly by:
agreements. "The rigid methods of time an almost legendary figure in discountable special bills.
the past will be abandoned and in the Danubian countries as well as
place of the clearing agreements in Germany and Italy.
we shall adopt a flexible sort of The shortage of cash felt by in-transfer agreements. This will en- dustry was the direct outcome of able Germany, for instance, to sup- the extraordinary rise in industrial ply raw materials and foodstuffs, production, while the raising of the obtained in exchange for its own As a statesman, Prince Eugen is corporation tax had had the effect industrial goods, to a third custom- Dr. Seyss-Inquart who headed
credited with being the first ad- of causing a certain decline in the er. "The great thing about this the reception party for the Hungar-vocate of a greater German Reich. prospects of industry of being able
new system," declared Dr. Funk, ian Regent, Admiral Horthy, greet- POLITICAL SIGNIFICANCE to pay out fairsized dividends.
"is the fact that, this exchange of That the wife of the Hungarian and said that Austria was linked Regent will christian a new Ger-
For the rest, prices on the Ger- goods, regulated by State agree- man Bourses and not declined with the Kingdom of Hungary by man warship with the name of a the extent they did in other coun-basis of fixed prices and assured
to ments, will be carried out on having travelled along the same member of the Italian Royalty, | road marked out by history. It whilst the former Austrian Ministries, notably in the U.S.A. and quotas. Germany, for its part, is was a story which they could both ter of the Interior, Dr. Seyss-derably higher than they were two lume of its foreign trade and if the
England and they were still consi-in a position to increase the recall with pride.
Inquart will deliver the address, is
years ago.
above system was generally adopt- After replying in cordial terms, regarded 45 a symbol of pro-
ed, it would contribute its part to Admiral Horthy inspected the found political significance.
Dr. Funk proceeded to admonish bringing about stable conditions on guard of honour and then reembark- On Tuesday, Admiral Horthy those who had shown themselves the world market. ed on a special train for Kiel where and the Fuehrer will pay a visit to have little faith in National So- Political credits, argued Dr. Madame Horthy will perform the to Heligoland, passing through the|cialist economic leadership which Funk, concluding, to set up a dam ceremony to-day of naming a new Kiel Canal. Some time will be he insisted would never tolerate against German trade expansion în any obstruction in the financing of South Eastern Europe do not bring big industrial tasks. Wherever dif-happiness to any. countries. ficulties arose, they would straight- Trans-Ocean, away be removed, even when it
ed him on behalf of Adolf Hitler
German warship.
spent inspecting the island, Trans-Ocean.
PEAK BURGLARY
the
VO-
The greater part of the German feet is assembled at Kiel in pre- paration for a big naval parade în honour of the Hungarian guests.
meant altering a method or a sys- It has been revealed that the Mrs. C. E. Brown, of No. 176, tem that had not proved practical name chosen for the new German the Peak, has reported that some or effective.
Mr. A. E. Ablong, of Shek Lung warship is "Prince Eugen von one entered. her house through an Germany's economic policy, de- Road, was bitten by his own dog Savoyen," chiefly famous for his open window last night and stole clared Dr. Funk, must remain a dy- yesterday. He was treated, at the defeat of the Turks when, in the money and certain articles, to the namic one, not bound down to dog- Kowloon Hospital and the dog sent early part of the eighteenth cen- Ivalue of $40.
más.
to Mautaukok for observation.
TAILSPIN TOMMY Mysterious Injury!
GOSH, SKIPPER GOOD- SHE SOUNDS
BYE, TOMMA
́LIKE. A
*BUMBLE-
8661
LET'S HOPE SHE
FLIES FASTER, JERRY!
THERE GOES THREE-POINT'S ONLY HOPE, SKEETERĮ.
WHAT'S THE MATTER JERRY
MY HAND..
(T. HURTS) ITS BURNIN'
LOR inspected a shows-Lon
VAL
St
T
GIV
T
By HAL FORREST
ILL BAY ITA BURNED) SKERTS, RUN OVER AND GIT THE FIRST AID PACK,
QUICK
OOUCH!
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