1941-08-11 — Page 12

OBVIOUS

BLUE FUNNEL LINE JAPANESE

TO

(..

UNITED KINGDOM PORTS

For dates & ports of call apply to agents.

Information regarding INWARD CARGO and all matters relating to freight and passage will gladly be given by

BUTTERFIELD & SWIRE

Tel. No. 30332

Agents

1, Connaught Road.

AUSTRALIAN-ORIENTAL LINE

ΤΟ

AUSTRALIA

For particulars regarding Passengers, Cargo and Sailings apply to

BUTTERFIELD & SWIRE

Tel. No. 30332

N

Agents

1, Connaught Road.

KLINE

STEAMSHIP SERVICES IN:--

JAPAN, STRAIT SETTLEMENTS,

INDIA, U. S. PORTS, SOUTH

AMERICA (WEST COAST), AND

AUSTRALIAN PORTS VIA

MANILA.

For particulars

please apply to

NIPPON YUSEN KAISYA

N.Y.K., King's Building.

Telephone 30291.

GAME

An obvious Japanese manoeuvre lies behind the recent Thai credit to Japan amounting to 10,000,000 baht £900,000, according to British financial circles in London.

or

Tokyo, in concluding the agree- ment with Thailand, these circles observe, had three alms; first, to wrench Thai currency away from Sterling and absorb it in the Yen Bloc; second, to utilise the credit to get round the British and American economic embargo and the freezing of Japanese assets, and third, to use Thai economic submission as a lever towards completion of political subjuga-

tion.

The whole arrangement has been thinly disguised. Technically. in order to finance Thai exports to Japan. a credit was given by Thai private banking firm to a Japanese privile banking Arin. namely, The Thai Commercial Bank to the Yokohama Specie Bank.

Actually, it is well-known that the former is a Government con- trolled bank which finances Thai- land's musi important domestic and foreign trade, while the lai- ter is the financial agent of the Japanese Government for foreign transactions.

Sterling Peg

The reason Tokyo urgently needs Thai credit is that she in- rists on continued purchases of rice, tin and rubber from Thai- land. Thai currency has been on a gold basis and pegged to Sterl- ing for nine years. Consequent- ly, all Thailand's foreign trade has been effected in Sterling. The recent freezing of Japanese Sterl- ing assets paralysed the finance mechanism of Thai-Japanese trade. Hence a new apparatus had to be devised to enable Japan to continue her trade with Thai- land.

Under existing eircumstances, it is considered unlikely that Japan will be able to pay in gold or ex- ports to Thailand as a liability against Thailand's currency re- i serves.---Central News,

RADIO

6.00 p.m.-Indian Programme

THE CHINA MAIL, AUGUST 11, 1941;

PRESIDENT LINER SAILINGS

To SINGAPORE via MANILA

•

THIRD WEEK IN AUGUST

TO UNITED STATES

SECOND WEEK IN SEPTEMBER

FOR FURTHER PARTICULARS APPLY AMERICAN PRESIDENT LINES

"ROUND-WORLD SERVICE.” AGENTS FOR TRANSCONTINENTAL AND WESTERN AIR AND UNITED AIR LINES

12, PEDDER STREET,

I

:

TELEPHONE 28171.

BURNS PHILP LINE

Passenger & Freight Service To

AUSTRALIA

We have

a vessel

sailing

for

Manila,

Madang,

Salamaua,

Rabaul,

Sydney &

Melbourne

towards

the End

of

August

Excellent passenger accommodation with a large number of single cabins at no supplement. Built-

in Swimming Bath and Spacious Sports Deck.

Passenger & Freight Agents:—

GIBB, LIVINGSTON & CO., LTD.

Telephone 28031

6.45 p.m.--Closing Local Stock Quota 9,00 p.m.-Local Time Signal and An-

tions.

6.47 p.m.-Dance Music.

7.17 p.m.Hawaiian Guitar Solos. 7.30 p.m.-Humorous and Instrumental

Variety.

8.00 p.m.-London Relay-The News.

8.18 p.m.London Relay-War Com-

mentary.

8.25 p.m.-London Relay 'Listening

Post,'

8.30 p.m.-Programme Summary. 8,32 p.m.-Studio-Recital by Y. K, Sze (Bass) with E. O'Neil Shaw at the Piano.

0.82 p.m.-Violin Solo by Joseph

Szigeti.

nouncements.

9.02 p.m.-Anton and The Paramount

Theatre Orchestra,

9.15 p.m.-London Relay A Message

from Her Majesty The Queen. 9.30 p.m.-A Short Elgar Programme. 9.46-10.00 p.m.-News in French (On

Short Wave Only).

9.45 p.m., H. Squira Celest Octet. 10.00 p.m.-London Relay-rhe News

and News Commentary.

11,00

10.15 p.m.-A Mendelssohn Programme. From p.m.-London'- "NewS Home"-By Howard Marshall. (11.15 p.m. Close Down.

INDO-CHINA

STEAM NAVIGATION COMPANY, LTD.

OPERATING SERVICES FOR

CARGO and PASSENGERS

TO-SWATOW, SHANGHAI, TSINGTAO,

CHEFOO AND TIENTSIN

KOBE AND OSAKA

BINGAPORE, PENANG AND CALCUTTA SANDAKAN, HAIPHONG

All steamers herth alongside the Roosevelt Terminal in' the French Concession at Shanghal," whore passengers "and cargo, are landed.

For Further Ferticulars Please Apply To

JARDINE, MATHESON

& CO., LTD.

GENERAL MANAGERS.

TELEPHONE

30311.

P. & O. Building,

MILITARY TREATY-

REPORT

(SPECIAL TO "CHINA MAIL")

The N.B.C. in New York' has picked up a Tokyo broadcast claiming that the German-Vichy negotiations are for "an active military alliance between the two countries to fight Bolshevism and the economic unity of defend Europe."-International News Sør-

vice.