1939-07-14 — Page 7

THE CHINA MAIL, JULY 14, 1989.

Page"

BRITAIN'S

ARMS

BILL TAKES BIG

BIG LEAP Expenditure This Year Likely To Be £730,000,000

Chancellor Warns Of Heavy Increases

London, To-day. Speaking in the debate on the Budget in the House of Commons yesterday, the Chancellor of the Exchequer, Sir John Simon, stated that there would be a substantial increase in estimated total defence expenditure for the current year. Formerly given as £580,000,000, and possibly rising

£730,000,0000.

STAFF TALKS IN MOSCOW

Paris, To-day. Rumours persist that a high French Army officer is to be sent to Moscow in the next few days to establish military contacts with the Red Army,

Mentioned as likely choice, is General Colson, Chief of the Army General Staff. Trans-

Ocean.

to £630,000,000, the figure would in fact be DEVELOPMENT The amount to be borrowed would now approach OF YUNNAN

£500,000,000, compared with the £380,000,000

originally arranged.

Sir John added it would be pos-

sible to raise some $150,000,000 by STRATEGICAL

Treasury Bills.

Only part of this year's require- ments could be met by the floating debt.

,

:

SEA ROUTE

PROVINCE

Chungking, To-day.

Mr. Chang Ni-ling, province re- construction commissioner, stated yesterday that it was intended to Soviet authorities point out that raise Yunnan's

production to

Moscow, To-day.

SCANDAL ON EXCHANGE

London, To-day.

The exclusion of shares of the Commonwealth Mining and Finance Co. from the London Stock Ex- change was ordered yesterday by the Stock Exchange Committee.

Reasons were not given.

Shareholders are stated to demand that the Board of Trade investigate the conduct and administration of various mining companies.

Although it is not possible to foresee whether depreciation of the shares will lead to penal konse- quences, a demand has been grow- ing louder in England for some years for protection of the publié against the dishonest or irrespon--- sible issue of shares.-Trans-Ocean.

SPANISH GOLD

Paris, To-day.

1

The Spanish Ambassador in Paris, Senor Felix Lequerica, called yesterday on M. Bonnet.

Consequently, added the Chan- cellor, at the proper time it would be necessary to ask the general in- insufficient attention is being paid | $100,000,000 a year.

Paris political circles believe that vestor, great and small, to contri-to the strategical importance of

the Spanish Ambassador urged M. bute on an abundant and generous the shipping route between the which was charged with the tasks in the matter of retransport of the A committee had been appointed Bonnet to come to an early decision scale to a new defence loan. White Sea and the Pacific Ocean of research and technical planning Spanish gold from France to

DISTURBING FIGURE

via the Arctic and Bering Strait.

M. Balaschoff, Chief of Admin-benefit Yunnan's 12,000,000 in-

of various projects, planned to Madrid.-Trans-Ocean. world istration of the Northern Water finds Routes in an "Pravda" article, de- day clares that Russia must leave the experimental stage and take "The remaining £500,000,000 from practical exploitation. borrowing is a disturbing figure, Ocean.

Sir John Simon exclaimed: "Show me another country in the with our population that $900,000,000 out of day to taxation.

but we recognise that

We must

take the main burden on ourselves.'

+

up Trans-

habitants.

Yunnan production at present touched $40,000,000.-

The extensive planting of mul- berry trees for the manufacture of silk would mean the planting of 30,000,000-trees.

Sir John Simon ascribed the quiet COUNT CIANO IN important, and it was hoped to

reception of his Budget firstly

to

the knowledge that it was necessary, and secondly, "there is

a deter- mination among people of all classes that come what may we shall find what is needed for the liberty, safety and strength of the country." A Labour motion for rejection of the Budget was defeated by 206 votes to 141, and the Budget was read a third time, Reuter.

FOUR MILLION POUNDS EVERY DAY

British Wireless adds that total expenditure in the current year, including that from borrowed monies, would be not less than £1,400,000,000,

JAPANESE LAND

Kweilin, - To-day. Japanese unit landed at Liu- heng Island, outside the Siangshan harbour, Cheklang, on Wednesday

SANTANDER

Tea production would also be

make Yunnan the centre of China's. tea production.

· FOOD PRODUCTION Great attention would also be devoted to agriculture. Annual

1,700,000 acres of rice," ' 600,000 production of foodstuffs in Yunnan reached 20,000,000 quintals in quintals in 900,000 acres of wheat, increase was desired. which was rather low and

Madrid, To-day. The Italian Foreign Minister, Count Ciano, yesterday arrived at Cervera," Spain's biggest cruiser. Santander

on board the "Admiral Ciano was accompanied by the Spanish Home Minister, Serrano Suner, and the War Minister, Davila, while the Spanish Generals Lopaz Pinto, Bautiste, Sanchez and Sagardin awaited the Italian guest on the quay of the festively de-enable Yunnan farmers to utilise corated harbour.--Trans-Ocean.

R.A.F. FLIGHT TO NEAR EAST

night, according to reports reach distan ing hereCentral News.

CIANO INVITATION

to

in the

The

Near

London, To-day.

an-

easily double production.

Better farming methods would

Suppression of the poppy would

a further 1,700,000 acres of fertile land for rice production, by which a huge food surplus could be built up in the province.

COTTON CULTIVATION Cultivation of a special kind of cotton possessing the longest and finest fibre in the world, was being Telegraph” this morn- | energetically pushed.-

large-scale long- The present output of 8,500,000. by R.A.F bombers cattles would be increased to

take place 12,000,000 catties. annually, chau

Commissioner, Chang concluded

will ta

ews by stating

the Government would welcome foreign and and seas Chinese capital.

Degan.

PRINCE OF WALES

Quality

tells!

VAT 69

Scotland produces no better whisky than VAT 69. It is

the choice of connoisseurs: Try it and see.

VAT

69

vitation

Lussolin

Band