1938-11-18 — Page 12

ENTIRE EMPIRE LINKED IN ANGLO-U.S. TRADE PACT Six Hundred Tariff Concessions By America ALL COLONIES TO POLISH TROOPS YOUNG OFFICER

BENEFIT EQUALLY

London, To-day.

ALLEGED INVASION

Warsaw, To-day.

A regular battle is going on for

CLIQUE GET WAY IN JAPAN

Tokio, To-day.

Not only does the Anglo-American Trade Agree- ment, which was signed in Washington at 4 P.M. (G.M.T.) yesterday, greatly strengthen the possession of Hust, capital of is the commercial ties between the contracting parties but in a lesser degree it affects econo- mic arrangements throughout the Empire. The agreement, based on most favoured nation treatment, will run for three years from Jan- uary 1, after which it is subject to six months' notice.

The New China Department which to be formed will, according to the young autonomous republic of the "Ashi Shimbum" be competent Carpatho-Ruthenia, according to re-not only for matters concerning the ports reaching here.

conflict, in China, but also for all

SAME BENEFITS FOR COLONIES

The agreement, which with the U.S. on manufactured goods schedules and correspondence, ap-will be from 20 to 15 per cent. pears in the form of ah 18-page Blue Book, is signed by Sir Ronald Lindsay (Ambassador in Washing-

The colonies reap the same gen- ton), Mr. Arnold Overton (Prin-

eral benefits and assume the same cipal Assistant Secretary of the

the United King- Board of Trade) and Mr. Cordell obligations as Hull (United States Secretary of State).

The Polish version says that the political, military, economic and attack on Hust is being carried out cultural questions connected with by three detachments of insurrec- the "Renewal of East Asia”. tionists, while another account states that the attackers are arm- ed Polish troops making an attempt to obtain possession of Hust in or- der to proclaim an "anschluss" of Carpatho-Ruthenia with Hungary.

The new department will there- ment for the Renewal of Asia". fore be called the "Central Depart-

As the most likely candidate for the post of Director, of the new department, which can be charact- It is said, however, that this at- erised as a central Ministry under tempt has failed already because the direct control of Prince Konoye, the Czechs sent strong military is General Yanagawa who, as the forces to defend Hust. According War Minister, General Itagaki, is to other reports not yet confirm regarded as co-advocate of a de- ed, the Czechs lost 40 men.

cided "Nipponistic course" in pur- suance of the China conflict and who Polish reports says that in other is said to enjoy the confidence of places in Carpatho-Ruthenia, clash- the younger officers of the army.— es took place between insurgents Trans-Ocean. and gendarmes, and the pro-Gov-. In connexion with this, British ernment "Drbre Wieczer" says that United States is Britain's largest preference on motorcars in certain both sides suffered casualties.-— foreign customer.

colonies, principally Malaya, will Trans-Ocean.

dom.

The existing duty free entry on practically the whole of the Colon- BEST CUSTOMERS

ial Empire exports into the United Stripped of diplomatic termino-States, continues. logy the Agreement shows that the

British exports to America reach-be reduced from 20 to 15 per cent. ed £40,000,000 in 1936, while in the reverse direction British imports were larger than from any coun- try.

Provision is made for termina- tion of the Agreement if the Pound-

Dollar rate of exchange radically cent. and affect United Kingdom alters, and may be modified if some trade to the extent of over £2,000,- other country obtain a major bene-000.

>

While British imports from the U.S. are mainly raw materials, Bri-fit from any particular concession. Main items are chemicals, tin tain exports mainly manufactured PROVISION AGAINST DUMPING plate, and iron and steel manufac goods headed by textiles, exceeding Provisions are made against tures. £10,000,000 in value, followed by dumping and export subsidies. whisky, of which £5,000,000 worth filtered to the U.S. from the British

Isles.

The remainder consists of a large variety of products of which the chief is machinery, valued at £900,000.

TARIFF REDUCTIONS

Of the £40,000,000 exports to U.S., £17,000,000 was duty free. This will be stabilised at £9,500,- 000 worth, while on dutiable goods

now £23,000,000 reductions will be granted on £11,000,000 and the existing duty stabilised on £6,000,000.

The great part of the reductions range between 80 and 40 per cent. Reductions have been secured covering the bulk of British textiles.

Whisky figures among the most important stabilised existing duties. U.S. CONCESSIONS United States tariff concessions number 600.

Contrary to general anticipation, there will be no reduction in the British duty on motorcars, but Britain will not increase the duty on cars over 25 horsepower.

Other British concessions pro- vide that the present preference of about 2/- per lb. on Empire tobacco will not be increased.

Britain is maintaining the exist- ing free entry of raw cotton and maize.

Wheat and certain kinds of fruit and soft, wood are among the Unit- ed Kingdom's concessions regard- ing reduction of duty,

General level of reductions : in

The separate Canadian treaty The reduction in British Empire with the United States has not yet preferences range up to 10 per been published.-Reuter

TO GET CANE

At the Kowloon Magistracy this morning before Mr. Q. A. A. Mac- fadyen,, Chan Yiu-nam, 18, with a previous conviction, was sentenced to six months' hard labour and ten strokes for anatching in Kilung Street yesterday.

Before Mr. E. Himsworth, Yuen Cheung, 17, charged with a similar offence, was sentenced to three". months and six strokes..

EYES LEFT Patricia, the lioness at London Zoo, and her two cub e, are three very alert members of the cat family when dinner time in on the way. Left to right, Patricia, October and Oliver adopt an eye left attitude at the fancied sound of the Keeper's footsteps.