1938-12-20 — Page 3

THE CHINA MAIL, DECEMBER 20, 1938.

Library, Supreme

Coort

Page

BRITISH CREDITS NOW AVAILABLE

Ready To Support Currency If Needed

London, To-day.

The newspapers generally give prominence to Bri- tain's decision to extend credits to China. Reuter understands that a preliminary amount of definitely £500,000. is available immediately without waiting for passage of the new Export Credits Bill, which cannot be completed before the end of February.

However, this is in no way expected to be the limit of the credits to be put at China's disposal.

There is no question at present

of a loan to support the Chinese CABINET

currency, as reported in some newspapers.

For the moment, China's fa- vourable trade balance appears toj be sufficient to support the cur- rency, but if the necessity arises threatening a slump in the dollar, the possibility of China being granted straight financial help is certainly on the cards.

ANTI-JAPANESE BOYCOTT China's determination to develop

CHANGES DURING

CHRISTMAS

PREDICTED

London, To-day: Reaction of the Government

the untapped resources of the West back-benchers to Mr. Chamberlain's and Sou*:-West and to convert these

regions into a flourishing state, is speech on foreign policy in the evidenced by the recent opening of House yesterday is generally branches of the Bank of China at

favourable. Hanoi and Haiphong (French Indo- China), Rangoon (Burma) and Batavia (Netherlands Indies).

These also indicate the resolve to attack Japanese trade in the South Seas, where already the anti-Japan- ese boycott is reported to be more effective than anywhere.

Apart from development of motor lorry transport on the Burma-Yun- nan road, the Chinese are anxious to induce the Burma Government to complete the Burma railroad from Katha, the present railhead 100 miles west of the Yunnan border,

COMMERCIAL ADVANTAGE The Chinese stress the commercial

advantage for Burma of linking up the Chinese railways in west China which is now commencing instead of coming to a dead end.

This project is actually quite an old scheme, though brought into actuality by recent events. Hitherto the Burma Government has not reached a decision.

All the newspapers dwell on the, credits to China as evidence of

At the same time, anxiety re- mains that the Government should speedily press rearma- ment.

It has been an open secret for some time that a section of the Government supporters, not iden-] tified with the Churchill group, have not been satisfied that done for co-ordination of defence, everything possible was being]

for which Sir Thomas Inskip is responsible.

It is learned that one evening last week, the Marquess of Dufferin and Ava, Under-Secretary for Colonies, made personal and pri- vate representations to the Prime Minister that all was not well and that their opinion was shared by a representative body of back-ben- chers.

PURPOSE ACHIEVED There was no attempt to resign by Lord Dufferin.

It is understood that Mr. Cham- berlain's reception of them was

Britain's determination no longer friendly, and the visit achieved the tamely to acquiesce in Japanese purpose intended.

·

* encroachment on foreign rights and

interests.

There is reason to believe the Government is specially displeased at the continued closure of the Yang- tse, and the Japanese excuses are palpably at variance with the known facts.

The occurrence led to rumours that demands were made for the re- signation of· certain Ministers,

such demands though no made.

were

of Government changes during the There is, however, a possibility

Christmas recess.

*** All indications are that the United Inskip 'States is equally incensed.

•

CONVENTIONAL TAUNT

The departure of Sir Thomas (Defence Co-ordination Minister) for the Lord Chancellor- ship has been a frequent forecast.

No question has even been con-Reuter. sidered of proposing, jofit Anglo-

American action, and the Japanese Eastern situation. taunt that Britain is trying to in-

The increasing anxiety of Parlia-

WOMEN AND

JEWS

(Continued from Page 2)

.....

Mein Kampf-Good Queen Bess of England. What was her greatness?

She developed that British policy of always preventing, the rise of a dominating Power on the Continent of Europe which might menace Eng- land's security. Handsomely that policy paid England for three cen- turies. Hitler forgives her for be- ing a virgin,

It will take six centuries for Ger- many to purge the German blood of all base particles and build up a German Race free from all mental and bodily defect, says Hitler. The sooner the task is begun, and more drastically, the sooner earth will be blessed.

-PROMINENT-

BUSINESS MAN MISSING AT SEA

New York, To-day. The offices of Macfadden Publi- cations have advised that Mr. James Williamson, their European general manager and promotion manager, stationed in London, disappeared from the ship while en route from London to Sing- apore,

Mr. Williamson disappeared after attending a fancy dress ball on board the vessel.-Reuter.

DANUBE FROZEN OVER

The

Berlin, To-day.

severe coldwave sweeping Central Europe is continuing with unabated severity, the thermometer dropping in Berlin to 16 centigrades below freezing point yesterday.

The Danube is frozen over near

the Regensburg and shipping on the the river is suspended..

A blizzard is raging in the Dol- mites and snow is falling in the Ap-

To-morrow-Hitler on COLONIES.|penines-Trans-Ocean.

If You Keep on Watting

FOR YOUR SHIP

TO COME IN...

JAPB1

is there any reason to believe you won't still be waiting 10, 20 or 30 years hence-unless you start a sure plan NOW to guarantee future INCOME?

THE

MANUFACTURERS LIFE

INSURANCE COMPANY

HEAD OFFICE.

duce the United States to pull her ment for the future of British in chestnuts out of the fire, is laughterests in the Far East is illustrated CANTON: 20, British Conesusión, Shameen. ingly dismissed in diplomatic quar-by the fact that no fewer than Tel. 16872. V. E. Fertiar, Special Representative. térs as a conventional attempt to twenty questions were asked yester-[SWATOW General Agents: Nears. Carr Ramany drive a wedge between the two coun- day on China.

ties.

& Son, Ltd.

The impression, however, is wide- Special Representative: 0. B. W. Thomson. At the same time, Britain and ly visible that Japanese prospects in MACAO: F. J. Noronha, Agent. America are undoubtedly closely China, are in no way comfortable. in touch on all aspects of the Far Reuter.

TORONTO, CANADA

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