1938-12-12 — Page 12

AGREEMENT WITH

THE CHINA MAIL, DECEMBER 12, 1938

GERMANY

BEST GUARANTEE OF PEACE Mr. Stanley's Opinion: Trade Competition

IMPORTANT GERMAN DEAL WITH RUMANIA

Bucharest, To-day.

An important trade agreement with Rumania has been reached by the German trade delegation.

Retroactive from October 1, and

to remain in effect until October 1

View Does Not

Mean One-Sided

Concession

London, To-day.

PAN-AMERICAN

CONFERENCE DISCUSSION

Lima, To-day.

Senor Concha, the Peruvian For-

Real agreement with Germany was the greatest

guarantee they could have for peace in the eign Minister, was elected president world, declared Mr. Oliver Stanley, President at the first plenary session of the of the Board of Trade, speaking at Winder- Pan-American Conference. mere yesterday.

next year, the agreement contains Mr. Stanley added that by agreement he did not mean the method by which one side did all the giving and the other side all the taking.

a commercial clearing agreement, and in principle is only a prolonga- tion of the treaty which recently

In his inaugural address,

Senor

Concha declared that every serious act directed against the indepen- dence of the American Republics compromise the security of whole continent.

the

Senor Dartillo, the Argentine

Foreign Minister, declared that all the South American Republics would rise as one man regardless

expired, but with certain modifica "If the people of Britain are prepared to pay a tions,

heavy price for peace, because peace is the greatest boon you can have, we are entitled to expect Germany in their turn should be pre-of political frontiers in order to pared to pay their price.

The volume of trade between the two countries has been increased to a total of £15,000,000, but no money changes hands. Goods will be exchanged on the barter system.

OIL DEAL

Financial circles estimate that under the agreement one half of Rumania's total imports will come from Germany, while one-third of her exports, including 25 per cent. of Rumania's oil, will

go to Ger-

many.

"I don't think you can erect any permanent building of peace on the shifting sands of a one-sided agree- ment."

Despite recent setbacks he was not prepared to relinquish hope of Germany has agreed to take some time reaching an agreement 200,000 tons of maize, and will sup-with Germany, for to relinquish ply Rumania with manufactured hope was to reconcile ourselves to goods, including machinery.

war.

RUMANIAN PROTEST

UNFAIR TRADE Meanwhile, it is understood that the Rumanian Government has pro-

Referring to the unfair trade tested against the German press

the totalitarian and radio attacks against the drive competition of on the Iron Guard movement, which state he said: "In the old days the could com- until the last moment threatened British manufacturer to lead to a rupture of the trade pete on level terms with the for- discussions which lasted forty eigner. To-day he has to compete days. Reuter.

HUNGARY'S NEW FOREIGN MINISTER

Budapest, To-day.

The new Hungarian Foreign Minister, Count Stephen von Csaky will, according to well-informed quarters, visit Berlin.

as a firm against an industry, or possibly a firm against a country.

"That is a form of competition which is no longer fair, and we are determined that in the neutral markets of the world our traders will have a fair deal from those countries.

NO ALTERNATIVE

us by "If they do not meet methods of peace or means of negotiation, we shall have alternative but to fight.

no

no doubt what

Reuter.

GOOD VINTAGE YEAR FOR HOCK

Cologne, Yesterday. Although the 1938 Hock and Moselle vintages proved quantita- tively below the average of the last few years by about 5.9 per cent., connoisseurs are delighted at the exceptionally high quality produced by certain districts as a result of the abnormal number of hours of sunshine during the lat ter part of the summer.

The entire vintage area aggre- gated 24 million nectolitres, that is somewhat below normal aver- age, but the Mosel, Rhinehessen and Saar regions, from which the best wines are obtained, totalled `among them 1.6 million hectolitres, which is somewhat above the aver- age of these districts in the last few years.-Trans-Ocean.

defend their integrity.

He emphasised that the South American countries should embody this determination in "There is one flag for all. The flag of liberty and justice."

ARGENTINE PLAN

He described the Argentine plan to forestall foreign propaganda, and stated: "We are determined to counter, either by preventive direct measures, anything menacing the American order."

or

He denounced men who aim at to introducing conceptions foreig the South American character.

After the Secretary of State, Mr. Cordell Hull, had spoken, the con- ference passed a resolution paying tribute to those who had built up the independence of the American Republics.-Reuter.

POPE DEFIES WARNINGS

Rome, To-day.

Pope Pius XI worked hard yes-

LE HAVRE STRIKE terday despite the warnings of his

TERMINATED

Paris, To-day.

physician, Professor Milani,

another Saturday."

attack of weakness

after

on

Vatican circles, according to the "Voce d'Italia" are less concerned

The shipping strike in Le Havre about the latest attack of weakness "We are organising ourselves to

was terminated last night.

than about the tenacity with which fight, and if it comes to a trade

A decision to this effect was the Pope pursues his strenuous daily Count Csaky will inform the Ger-and commercial fight between the taken by the Seamen's Syndicate in work. man Foreign Minister of the policy organised industries of this coun- consequence of a constantly grow- On Sunday, Pope Pius attended. he intends to pursue.

try and the industries of other ing number of defections among a meeting of the Congregation of Cardinal Political quarters believe that he countries, I have

the strikers, large number of whom Rites and then received will endeavour to dispel the feeling the result would be."

had spontaneously placed them- Pizzardo, Governor of Vatican City of annoyance which arose from

selves at the disposal of shipping the Secretary of the Congregations Hungary's attitude in the Carpatho

companies and declared their readi- of Seminaries and Universities and Ukrainian question. It is likely that

unconditionally to resume the Mayor of Milan.-Trans-Ocean. the question of the cultural rights

and other. of the 600,000 Germans of Hun-

sail as garian citizenship living in Hung-

Trans- ary will also be discussed.-Trans- Ocean.

w

ness

of Hun- LOCAL FIREWOOD work. The Normandie

GLIDER RECORD

Berlin, To-day.

SHORTAGE

Hong Kong has sufficient firewood to last only a month, according to the Chairman of the Hong Kong Firewood-Coal Commercial Associa-

tion.

*OX-

A new world record for two-

A consignment, however, is seater glider flight has been pected within this month from established by two German fliers, French Indo-China. Boediker and Zander, with 50 hours

16 minutes. The previous record Very little wood is now being im- was beaten by ten hours.-Transported from via Macau, owing to Ocean.

restrictions imposed by Macao,

liners will, therefore, scheduled this week. Ocean.

FRANCO OFFENSIVE IMMINENT

}

HUNGARIAN-REICH CLASH

Pressburg, Tu-day.

An armed band of Hungarians attacked members of the German Party in Slovakia who were hold- London, To-day. ing a meeting in Untermetzenstein Correspondents of the Sunday near the Slovako-Hungarian border. newspapers foreshadow the immin- Many Germans, including the ence of an offensive on large scale Leader of the Germans in Slovakia, by General Franco's troops. Im the Secretary of State, Dr. Karma-. portant concentrations are reported "sin, were injured by shots or stones.. on all fronts.-Trans-Ocean.

-Trans-Ocean.