1940-03-19 — Page 7

THE CHINA MAIL, MARCH 19, 1940

WAR LOAN SUCCESS £300,000,000 Issue Over-Subscribed SIR JOHN SIMON AND FUTURE FINANCING

COLLABORATION

OF TWO EMPIRES

(BPECIAL TO "CHINA MAIL")

London, To-day, Discussing the talks between the British Secretary for the Colonies and the Franch colonial Minister, "The Times" says that the two nations and their empires are now co-operating actively in all domains.

It underlines the importance of this collaboration says that hit- herto Insoluble problems-auch as Syria and Palestine-may now find a solution. Problems too great for one Empire' may well be resolved when two collaborate. -Havas,

COLONIAL GOVERNORS TO CONFER

Paris, To-day.

London, To-day.

FOREIGN PLANES OVER SWITZERLAND

Berne, To-day. Swiss anti-aircraft guns" open- ed up and Swiss fighters went up: yesterday when "foreign 'planes" violated Switzerland's neutrality.

Ono 'plane appeared over Basle and another flew near Zürich at ...a great height.

Both 'planes made off over the frontier.-Rauter.

THE CHANCELLOR OF THE Exchequer, Sir John Simon, announced yesterday afternoon that the £300,000,000 3% war loan floated last week has been oversubscribed. Small investors will receive all of the loan for which they applied and large investors will receive about four-fifths. Sir John said that it was a very satisfactory begin- ning to the series of loans which must be floated to carry on the war. He paid a tribute to the support which it had received from all classes and also to the Government's intention of he will deal with the attack on Scapa stabilising the interest rates.

Asked whether those who withheld' their application for this loan in the hope of getting better terms in the future were going to be disappointed, Sir John said that his object was to lay down that 3% was ก proper amount to which they should hold and to discourage any idea that the Gov-

ernment will be willing to contem- plate more favourable terms

after.

here-

FUTURE 188UES

Referring to the issues of Govern-

The British and French Colonies' Ministers met again yesterday in Paris and decided that the two Colonial Offices henceforward keep in constant touch and that an ment securities in the future, Sir John organisation should be creat-Simon said the policy of the Govern- ed both in London and Paris ment was to aim at stability of inter- est rates and to secure that the yield to maintain permanent liai offered on future loans, whatever the son between the two depart-type, should, after making due allow- ments.

ance for such factors as the periods of loans, be in agreement with the level There will be conferences from time of interest rates established by the terms of the recent two per cent. Con- version Loan and the three per cent. Loan just issued..

of

to time between the Governors neighbouring British and French co- lonial territories. - This contact- will also be established between adminis- trative and specialist officers of the

territories.

Regarding the prosecution of the war, in the economic fleld the Minis- ters agreed to examine the possibili- ty of framing and co-ordinating a pro- gramme of production and marketing of various colonial products with the object of making the fullest possible use of their joint resources. French and British experts are meeting very shortly for this purpose. ~ Reuter.

RETURN TO MOSCOW

(SPECIAL TO "CHINA MAIL")

HELSINKI, TO-DAY. FINNISH DELEGATES, UNDER THE LEADERSHIP OF. M. PASSI- KIVI, AGAIN LEFT FOR MOSCOW YESTERDAY MORNING.

The forthcoming negotiations will deal with the demarcation of the new frontler, establishment of diplomatic rélations and a settlement of all economic questions.

Ratification of the Soviet-Finnish peace treaty takes place to-morrow.- Havas.

·SVINHUFUD SEES POPE

Rome, To-day.

In these circumstances he welcom-

ed the action yesterday by the Com- mittee of the London Stock Exchange in announcing a revised list of mini- mum prices for Government securi-

ties.

MORE LATER ON

STATEMENT ON SCAPA FLOW RAID

London, To-day. The Prime Minister announced in the House of Commons yesterday that

Flow in his war statement to-day. Reuter.

LABOUR DEMAND FOR A

WORLD COMMISSION

London, To-day. A WORLD PEACE COMMISSION was suggested at question time in the House of Commons yester- day by Mr. Arthur Woodburn (Labour, Clack- mannan),

Mr. Woodburn asked the Prime Minister whether the Government was prepared to set up a League commission at some suitable neutral place to provide a new opportunity for public investiga- tion of all responsible for conditions of a per- manent world peace and for judicial examina- tion of the chief economic, territorial and racial problems made for war.

The commission, he suggested, might discover whether there were prin- ciples for the peaceful settlement of international disputes which generally accepted by all nations.

were

Mr. R. A. Butler, Under-Secretary for Foreign Affairs, in reply, said Mr. Woodburn's ultimate aims were no doubt. widely desired,, but the Foreign Secretary was not convinced that the precise method he proposed would be the best under the circumstances.

The new minima bore a closer re- lationship between existing prices and those fixed on the outbreak of war and might be taken as evidence of the de- sire on the part of the authorities | Reuter. concerned to co-operate in the polley of maintaining interest rates at the present level.

Sir John Simon added that larger | applicants had been allotted about 80

per cent.

He concluded: "I shall want some more later on;"-Reuter.

PENSIONS INCREASED

London, To-day,

In connection with pensions for the parents of unmarried men killed in the war, the Minister of Pensions said yesterday that in future pensions will be paid without enquiry as to whe ther or not the person concerned can ́support himself, ie, there will be no

Means Test. ATTEN

The minimum, will be increased. from 2/ito a week and the pra sent 'maximum from -12/6 - for two | parents: toy

NEW RECORD FOR

THE MILE

(SPECIAL TO "CHINA MAIL")

New York, To-day. Charles Fenske, of Wisconsin, the noted American runner yesterday broke the world's indoor record for the three-quarter mile run by cover- ing the distance in 2 mins. 59.7 secs. It will be of interest to recall that Fenske won the special mile invita- tion race at Princeton, New Jersey, on June 17, 1989; "In 4 minutes. 11 seconds. Glenn Cunningham was se- Rideout fourth and Sidney Wooder- cond, Archie San Romani, third, Blaine

son last. Fenske was conceded only an outside chance to win, the race-

Hávað.

GRACIE FIELDS MARRIED

Gracia

M. Svinhufud, the Finnish ex-Pre- mier, was received in audlence by the The new scale will be put into the fla Fope yesterday morning-Reuter,

operation at once-Reuter.

You'll remember the laughs, you'll remember the teary

you'll always remember BARBARA and FRLD in their

swellest romance!

HAKBANG

Stanwyck

APED

MacMurray

REMEMBER THE NIGHT

TO-MORROW

QUEEN'S & ALHAMBRA