1939-03-17 — Page 7

THE CHINA MAIL, MARCH 17, 1989

JAPAN'S FLAGRANT ATTACK ON OPEN

OPEN DOOR

Sir Robert Calder Marshall Calls For Action

MEANING OF CURRENCY RUMANIAN

REGULATIONS IN

NORTH CHINA

Shanghai, To-day.

An "emphatic protest” against the introduction of the currency regulations in North China under the auspices of the Japanese, was made here to-day in the form of a special statement issued by Sir Robert Calder Marshall, Chairman of

ANNEXATION ASKED

Bucharest, To-day.

The Carpatho-Ukrainian Gov- ernment, with Monsignor Volo- shin at the head, has arrived at Sighet, in Rumania, according to 庭 semi-official news agency, which adds that Father Voloshin and his colleagues have request- ed the Rumanian Government to annex Carpatho-Ukraine.-Trans- Ocean.

the British Chamber of Commerce, in an exclu- PARIS LOYALISTS

sive statement to Reuter.

The statement, which Sir Robert declares

*ex-

ORGANISE

San Sebastian, To-day. "A committee for the defence of

BRITAIN'S NAVAL RESERVE PREPARATIONS

London, To-day.

Replying to the debate on the Navý Estimates in the House of Commons yesterday, Mr. Geoffrey Shakespeare, Parliamentary Secre- tary to the Admiralty, said that our naval reserves totalled at least 70,000 men, in addition to 60,000 to 70,000 who had served in the Navy and were now 65 years of

age

•

In regard to immediate reserves. the Admiralty was fixing the es- tablishment at about 4,000, al- though for the reserve, just open- ed, already there were over 3,000 applications.

presses the views of the British Chamber," des- cribes the new measures as "definitely dis- criminatory against British interests" and "a] most flagrant attack on the doctrine of the the rights of the Spanish Republic" new Open Door."

has been established in Paris.

The principal members of the Committee are the President of the Cortes, Martinez Barrio, and the former Ministers, Largo Caballero

.

It adds that should the new tion will first be felt by exporters of regulations succeed they would China produce, it will soon be felt have a "disastrous effect" on Bri- equally by importers of foreign tish and all foreign trade, and goods (other than Japanese) as and Giral. urges that every effort should be there is no guarantee that

even Ex-Premier Negrin is at present made to render them nugatory. such foreign exchange as may be in Nice.--Trans-Ocean.

The statement is as follows: come available from exports will

NO VALUE

be used to finance imports, and will "On March 11, the regulations result in immediate reduction-of- issued by the 'Provisional govern- the volume of all imports other ment of North China' for the con-than Japanese. trol of currency became operative

TREATY VIOLATION

•

linked with the yen, it will place foreign traders at a disadvantage, even as they have been placed in Manchuria. -

Mr. Shakespeare described form of training of

R.N.V.R.

the the

new divisions at Hull, Southamp- He said they were starting three ton and Cardiff, and were taking steps to organise a system of anti- aircraft training

They hoped to organise gunnery units within the R.N.V.R. which would be sent to reserve fleet ships on mobilisation.

TEN BRIGADES

for

the

It was hoped to experimentally establish volunteer training, in which ten naval brigades in all important cities and ports "Furthermore, even if some for- under Japanese control in North eign exchange is made available to

"The regulations, therefore, are one to join the Navy in wartime. only obligation would be a moral China, including Peiping, Tientsin, importers, its inadequacy, as well definitely discriminatory against-Reuter. Tsingtao, Chefoo and Welhaiwei. as of the system of allotment, plac-British interests, and constitute a "The regulations are intended to ing in the hands of the Federal Re- most flagrant attack on the doc- enforce the use of Federated Re-serve Bank measures by which trine of the Open Door and equal serve notes, which are linked with they can control and restrict for- opportunity, and every effort should the yen and which, being inade-eign imports, is quite incompatible be made to render them nugatory. quately backed, have little or no with existing treaties.

CHAMBER PROTEST value in foreign exchange, and to "This attempt to force the un- "The British Chamber of Com- oust the Chinese national currency backed currency of North China which is backed by reserves and must; therefore, have a disastrous which has a definite foreign ex-effect on British channels of sup. change value.

ply and distribution.

FINANCIAL MONOPOLY - "In order to establish circulation of Federal Reserve Bank currency, the Customs has forbidden the ex- port of certain goods constituting main articles of export from North China, unless foreign exchange for such shipments is negotiated through the Yokohama Specie Bank and converted into the Federal Re- serve currency at the rate of 1/2d.

""This rule automatically tablishes a financial monopoly in

es-

would, if business on such a basis

merce emphatically protest against this ill-advised scheme, which will damage not only British interests but all other non-Japanese inter- FLAGRANT ATTACK

ests in North China, and may even "Should the Japanese succeed in tually have damaging effects over a promoting in China a currency Iwider area."-Reuter.

F.B.I. Delegation

Leaves Germany With

Talk of June Meeting

London, To-day.

NO WITNESS OF ACCIDENT

W. W. Greenburg, of Taikoo Dock, was this morning summoned be-. fore Mr. T. J. Houston for driving without due care and caution and hitting an island beacon at the junc- tion of Tin Lok Lane and Hennessy Road on February 26,

After evidence by Sergeants Har- ris and Cashman, and in view of the fact that there was no actual witness to the incident, defendant was discharged.

was

Sergeant Harris said defendant told him that the accident caused by the dazzle of an unknown car which came out of Tin Lok

►

favour of Japanese banks and The delegation of the Federation of British Indus-Lane, but he had, in the company

tries is leaving Duesseldorf, where they have of Sub-Inspector Clarke, made been conferring with German industrial ex-test and come to the that conclusion

that could not have been the case. perts, for London.

could continue, provide foreign ex- change backing for the inadequate-

ly secured Federal Reserve cur

rency.

:

VISIT

"This attempt at stabilisation of The British delegation is aban- CANCELLATION OF OFFICIAL the Federal Reserve currency can I doning the intention to spend a only result in a general stoppage day in Berlin due to postponement of trade and the probable closure of the visit of Mr. R. S. Hudson, of many foreign concerns, as they Secretary for Overseas Trade, and would be unable to trade in cur- Mr. Oliver, Stanley, President of rency not freely convertible to for-the Board of Trade. eign exchange.

ALL AFFECTED-EXCEPT JAPANESE "For the Japanese the position is somewhat different, as in trading in Federal Reserve currency they are accepting currency which can be made available for purchases of supplies in Japan.

"While the effect of this regula

An agreement was signed yester day by the F.B.I. delegation and the Reichsgruppe Industrie at Dues- seldorf.

PARIS DEBATE

It is learned that the British Ambassador in Berlin, Sir Neville

Paris, To-day, Henderson, has informed the

The Chamber decided yesterday Nazi Government of cancellation that the debate on five interpella- of the visit to Germany of Mr. tions concerning the situation R. S. Hudson (Secretary for Central Europe will be opened this Overseas Trade) and Mr. Oliver afternoon. Trans-Ocean. Stanley (President of the Board of Trade.

in

Sixteen tuberculosis, 14 measles, Both parties consider that, nego Mr. Hudson and Mr. Stanley will three chickenpox, three dysent tiations should be started imme- go to Warsaw on Sunday, and will two meningitis,two Uphtheria diately, and a joint standing com- have trade talks with Polish officials. one smallpox, one typhoid fever mittee will be appointed which will On Wednesday they go to Moscow, and one Epuerperal fever // CRUS meet in England in June to report and thence to the other Northern were reported to the local Health on progress-Reuter.

capitals.

tment yesterday.