1941-07-23 — Page 2

THE CHINA MAIL, JULY 23, 1941.

American Loan To Britain Given Wall Street Blessing

10000

ITALIAN TRAIN SMASH

Italy's second train smash in three days occurred near Naples yesterday morning, states a Rome des- patch. Two trains col- lided in the station at Baies. Hitherto 12 in- jured people have been dug out of the wreckage.--Reuter.

Substantial Backing

ANNOUNCEMENT OF AN AMERICAN LOAN TO BRITAIN, MADE OVER THE RADIO EARLY YESTERDAY MORNING IN WASHING- TON, SURPRISED MOST PEOPLE BUT IS NOT EXPECTED TO AROUSE ANYTHING BUT AP- PROVAL.

It is increasingly realised by the average person that in the interests of world economy in general and America particularly, that Britain is essential as a going business con- cern and that unless she can earn she cannot buy.

Blood!

The spirit in evidence before the passage of the Lease and Land Bill amongst those who op- posed that Bill that Britain should be given nothing until investments on the American side' of the Atlantic are quidated has disappeared and the present loan is likely to assume the ap- pearance of an act between allied concerns which are in business single objective the destruction of Nazism.

with

Amongst the few business- mon contacted early yesterday morning the first reaction was that it is a for more sensible arrangement to lend money against such excellent collateral than to ruin the market by dumping securities In order to liquidate them for ready cash.

Rally On Market

Removal of a huge volume of British-owned American securiti- lies from the market as loan collateral provided 2421 added stimulus yesterday to yesterday morning's rally of the New York Stock Exchange, although an- nouncement of the loan had been expected for some time

Wall Street welcomes the re moval of the possibility of addi- tional forced 'iquidations which has been one of the numerous threats hanging over the ket in the last several months. Reuter.

m:-

The Axis Menace

The shortage of cigarettes in England and the talk of a pos. cible ban on "smokes for women" has not worried this young City typist. She has solved the problem by making her own cigarettes.

ANGLO-CHINESE SOCIETY TO AID "INDUSCO"

THE FORMATION of an Anglo-Chinese Development Society to assist the Industrial

Cooperative movement in China, commonly

called the "Indusco" was announced by a

member of the House of Commons, Alfred

Barnes, chairman of the Cooperative Party, "IN ΜΥ OPINION OUR at a largely attended China Campaign Com- HAS EVER BEEN IN OUR HIS-mittee luncheon in London yesterday.

PERIL IS GREATER THAN IT

TORY," SAID GENERAL J. M.

YESTERDAY, WHEN TESTIFY-

PALMER - IN WASHINGTON Mr. Barnes said he was first approached ING BEFORE THE SENATE in 1939 to assist China's cooperative socie- MILITARY COMMISSION IN

OF PRESIDENT ties. The question bristled with problems, MONDAY FOR THE RETEN-partly due to the, British legal restrictions TEES FOR A FURTHER PERIOD which forbade direct financing by coopera-

Danger signal for your teeth SUPPORT

Your teeth may be strong and white-but if your toothbrush is stained with blood the chances are you'll soon lose those nice teeth. This stain is the first sign of those unpleasant diseases, gum- rot (pyorrhoea) and gum-bleeding (gingivitis); the diseases which lead to the extraction of perfectly sound teeth. If you would save your teeth you must act immediately.

Start using Gibbs S.R. right away-use it twice daily! Gibbs S.R. contains Sodium Ricinoleate, which dentists use in their surgeries for clearing up these gum diseases. You can use it at home to prevent and cure them. Get a tube of Gibbs S.R. to-day and keep your gums healthy and your teeth sparkling white.

SAVES YOUR TEETH BECAUSE IT'S GOOD FOR YOUR GUMS

GIBBS

S.R.

TOOTHPASTE

• « W. GIBRE LTD., LONDON, ENGLAND

OBTAINABLE AT ALL CHEMISTS AND STORES Bola Agentes-JOHN D. HUTCHISON & CO., Hong Kong.

| XGR/72/1-74-65

ROOSEVELT'S REQUEST ON

TION OF THE DRAFT SELEC-

OF ACTIVE SERVICE IN THE ARMY.

"All the forces of Nazism are deployed against us," General Palmer continued. "In order to achieve his aim, Hitler must United conquer or encircle the States,"

*

General Palmer, who is now retired, was former Chief of Staff under General Pershing. Reu- ter.

POSSESSION OF WARDS

tive societies.

world, promoting mutual econo- mic Interests as the surest basis of peace."

The Anglo-Chinese Develop- ment Society was in the nature of a compromise to get round these difficulties. It had a strong Dr. P. W.- Kuo,・・ presiding, Anglo-Chinese- Committee, with graphically described the success numerous commercial and techni- already achieved by the "Indusco" cal advisers and a representative now comprising 2,000 groups list of shareholders. Mr. Barnes which he described as one of the emphasised that the now Society brightest aspects of the war. was strictly a business enterprise Reuter. and every pound expended was meant to earn another pound. Government Guarantee

Chinese Government" guarantee has been obtained for its transac-

BATAVIA WITH A

A 31-year-old woman, Yam So, tions, which at present consisted| [SPECIAL TO “CHINA_MAIL"]

of No. 345. Queen's Road West, was fined $40 by Mr. H. G. Shel- don, K.C., this toorning, for fall- ing to report the possession of two wards, Chau Chu, 10, and Chau Nul, 9.

Mr. H. W. Fraser told the Court that the girls were brought to Hong Kong in 1988, and no re- port had been made to the S.CIA |

mostly of purchases of machinery

for "Indusco" and loans to mem- As a result of the campaign bers.

initiated by Mr. Churchill," the V Later on the Society hoped for Victory" sign has been intro- to promote a flow of Chinese "duced in Batavia by the local exports to Britain. With those Indo-Europoesch Verbond (one of Sema!!

Eman beginnings, cald Mr. the greatest of the political haven'tiest which took the initiative started something which will yesterday by selling orange-

Reuter spread to all workers of the coloured “V” badg