1939-01-07 — Page 9

THE CHINA, MAIL, JANUARY 7, 1939.

Page

BIG TRANSFER OF GOLD TO EQUALISATION FUND

Fiduciary Note Issue Increased To £400,000,000

Sterling Hardens On Latest Development

London, To-day.

AMERICA'S HIT-AND-RUN

DEFENCE PROGRAMME

Washington, To-day. President Roosevelt told the da ly press conference yesterday that he is making progress with the special defence message which

next week.----Reuter.

An official announcement has been made in con-

nection with the re-transfer which took place is to be given to Congress early yesterday from the issue department of the Bank of England to the Exchange Equalisa- tion Account of £200,000,000 of gold, namely £350,000,000 at the current price.

The announcement says that the Treasury, on the representation of the Bank and in conformity

COLONIAL

with the Currency and Banknote Act of 1928, POLICE MEDAL

has made a minute increasing the fiduciary note issue to £400,000,000.

This minute, in accordance with the Act, will be placed before Par- liament.

The Government intends to intro- duce legislation when Parliament meets to amend the above Act of 1928.

Router understands that the purpose of the transfer is to strengthen the Exchange Equalisation Account which should

have now

sufficient means to meet any contingency.

The simultaneous increase in the fiduciary issue, from £230,000,000 to $400,000,000, may principally be regarded as a bookkeeping transac- tion.

CITY SURPRISE

In increasing it by only £170,- 000,000 against the $200,000,000 gold sale, the Bank of England re- verts to the position prior to De- cember 6, 1938, when in connexion with the Christmas currency de. mand, the fiduciary issue was tem-

LATEST ‘AUTOMATIC'

GROCERY

• Customers Need Not Carry Their Packages

carry

Customers don't have to their packages in the latest. “auto- matic"

grocery. They merely

print their shopping lists and let the clerk serve them.

|

porarily expanded by $30,000,000.

The "Gazette" to-day contains the Royal Warrant creating a new medal, the Colonial Police Medal. The action of the authorities

The qualifications for the Medal should cause, surprise in City cir-will be as follows:- eles, not by the nature of the mea- sure but by its size.

RUSH TO COVER

(i) Conspicuous gallantry.

|

TACTICS BY GUERILLAS

Chungking, To-day.

Despite chilly weather, with frequent rain and snow, Chinese guerillas on various fronts and be- hind the enemy's lines, continue their hit-and-ran tactics..

The cumulative Japanese losses. are understood to be heavy.

The northern sector of the Canton- Hankow line extending from Wu- chang to Yoyang is subject to con- stant harassment by guerillas, who are particularly active around Yoyang, Linsiang, Puchi and Sien- ning.

On Wednesday, braving a heavy snowstorm, they staged a surprise raid on the Japanese at Kiangshanp- ing in the neighbourhood of Yoyang. About 60 Japanese were killed by the guerillas, Major Wu Kwang- chung, a Chinese battalion-com- mander, was wounded.

!

Was six

Am-

(ii) Valuable service character- ised by resource and devotion to It had recently been mooted that duty, including prolonged service the Bank of England would trans-marked by exceptional ability merit fer some £30,000,000 in gold to the and exemplary conduct.

A Japanese transport unit Equalisation Fund.

Any award of the Medal for con-waylaid at Kangwangchiao, Immediate effect of the news of spicuous gallantry will be made as miles southeast of Yoyang. Some the Bank's gold sale on foreign ex-soon as possible after the event oc- 50 Japanese lost their lives. changes was the strengthening of casioning the grant; and all other munition was seized by the Chinese. the sterling-U.S. Dollar rate from awards will be made annually on

Traffic on the Hwainan Railway 4.6450 to 4.6737 as bears rushed to the occasion of His Majesty's in Anhwei has been disrupted cover.--Reuter:

a result of the destruction of rails. and sleepers by guerillas near Hofei. All bridges between Shihlichiao and Chiuliting on the Kashing- Pinghu highway in Chekiang have been damaged,

Birthday.

!

Plans Completed For Premier's Rome Visit.

London, To-day.

AB

In north Shansi, guerillas have heavily damaged the railway track between Ningwu and Sohsien. Central News..

GOVERNMENT

GAZETTE

The "Gazette" contains the fol-

It is announced that Mr. Neville Chamberlain and Lord Halifax, the Foreign Secretary, when en route to Rome on January 10 will take tea at lowing announcements of official the French Foreign_Office with M. Daladier, appointments, etc. the Premier, and M. Bonnet, the Foreign Minis- the Hon. Mr. A. L. Shields to be an

Approval of the appointment of

Unofficial Member of the Legisla

Lieut. E: P. Fletcher relinquished

ter. The four statesmen will have a brief conversation.tive Council. The final programme for the Rome visit, now avail-his commission in the H.K.V.D.C.

able, shows that the party will arrive in Rome by special train at 4.30 p.m. on Jan. 11.

They will be received by Il Duce

The canned in the evening and afterwards will

and packaged goods are all display- dine with him. ed in glassed snow cases.

They will lunch with King Victor

In front of each article is a tag Emmanuel on January. 12 and in indicating the price, the tag being the evening will take supper with connected to a slot on one of the Count Ciano, the Italian Foreign panels between the sections of Minister, after a gala performance shelves.

of the Opera.

As the customer enters the store he is given a small magazine, ho inserts a projecting arm of the

AMPLE TIME FOR TALK

NAZI ACTIVITY IN SWITZERLAND

Gestapo Implicated

'Mr. C. R. Stoddart to be 2nd Lieu- tenant (Reserve of Officers) in the H.K.V;D.C.

Mr. E. H. Williams to be a tem- porary additional judge of the Su- preme Court.

Messrs. H. B. L. Dowbiggin and C. Champkin to be members of che. Licensing Board.

Mr. H. A. Mills to be Assistant Postmaster General and Chief Ac- countant, G.P.O.

Although, in the interest of jus-

Drs. Tai Hon Hung and Teng tice, the Swiss Federal police, who Pin Hui to be Health Officers. effected ́a, nation-wide anti-Nazi

Mr. C. Renner, Vice-Consul for drive some 10 days ago, are

still France

to be in charge of the unable to reveal the retails and full French Consulate. magazine into the slot correspon-

They will have an audience of the extent of Nazi activities here, some ding to the article desired, and the Pope on January 13.

important tacts are officially admit-who is a member of the Gestapo, name of that article and its price

ted.

Secret Police, has. been arrested at The suspicion that the three Schaffhausen. Swiss Nazi parties had the closest Twelve of the Swiss Nazis arrest- presents the magazine to th cashier, Their engagements will leave am- relations with the German Nazi ed by the Federal police will, it is. pays the bill and the list is filled by ple opportunities for political con- party is now declared as fully con-announred, be tried by the iriminal. a clerk.

versations.—Router.

firmed. A German go-between, courta.

are prnited on a roll of paper in London at Midday on January 13. Mr. Chamberlain will leave for

the magazine The customer then