1949-09-15 — Page 1

THE DOLLAR TALKS FUMMER HEAT

3

London, September 13,

Official quartors here reflect satisfaction at the outcome of the Washington dollar crisis talks, and, the impression gained is that Sir Stafford. Cripps is returning from America with what he sought there.

Bút Government sources clearly consider it pre- mature to attempt to interpret the details of the official Washington communique, which contains many points on which political obser- vers await elucidation. Particularly strong interest centres, here in the ar- rangements made for continuing tripartita consultations, which are regarded in many quarters as the point holding most promise for the future,

priceless possessions

PLANES WIN BIG “VICTORY "

Harembers, September 13. Airpower has already wiped jout the enemy in the U.S. feld manoeuvres In West Germany, umpires announced today.

But the battle will

on Junt the same to its previously, plon- ned conclusion on Saturday.

Brigadier-General Philip Gal- Ingber

chief umpire, said, strikes by. fghters and hambers attack- ing armoured convoys lost Sun- clay caused unbelievable overall

which be damnined that there were

long to the British Empire.

"And for what purpose

will dimculties in assessing clamaro these dollars be usegi? For cur- by planes on the 30th and 80111 rent payments, for films and fighter units. 'causing 'n delny in [tobaeco. And also for food. So the announcement.

of

Mr. John Snyder, United States Secretary of the Treasury, and his country's chief representative at the Washington talks, has the dicated that a formal organisation Is not visualised.

But the fact that the big three the Government are making use "Aggressor unite 0:1 the visualise continuing consultations of capital assets for the purpose autobahn were destroyed to all at top Ministerial levels is taken

dollar

the bad. ex-intents, and purposes," paying current ns indicating American acceptance

penses."

"The attacks were beautifully of her share of responsibility In

Political quarters are trying to delivered." Folving the long-term dollar-ster-estimate the effect of the steps Umpires let the convoys roll Ing unbalance.

which the American and Cana-on because, they sold, it would Financial quarters here

pre- |dian Governments contemplate to have taken two days to non-committal attitude open up dollar markets to Ster-organise equipment if this move-

communique. The the

ling Aren

natural. products ment had been rulest Out nud reaction of some sources is dis- Hotably rubber.

dispersed. finetly lukewarm.

The United States Rubber Ac!

"To have ruled the force out The communique was publish-prescribes flint America must

of the

problem would hava cxl too late for general editorial

take a"minimum of 225,000 tons ruled the aggressor corps out comment in today's morning annually of home-produced syn

for the duration," General Gale| Conservativethetic rubber, but; in fact, homa

a cri-

serve a

towarts

The

struck

newspapers here. evening journals tleal note.

London Evening News" said: "We share the bewilder- American Scripps- ment of the Howard newspapers, which com- "The conclusion of the tri- partile conference has left so any questions unanswered that Cripps's statement that the talks had brought Britain's reserve position into a manageable con- tion seems amazingly optimis tic"

Investment In The Colonies

or

consumption FREE been nearer 400,000 tons, as against 000,000 tons of natural rubber.

It is belleved here that ac. tion might be possible on the

rules of the exercise, ale superiority is shifted from, one force to the other, Earlier Air-Force General Thomas Darey claimed, the annulation of the

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crease consumption of Malayan |clated Press. and other natural rubber by about 150,000 tanɛ.

Healthy Effect

INDO-CZECH TRADE PACT

New Delhi, September 11. The India Government today

Czechplovak

On Untied Kingdom proposals for leralishig trade by casing Customs restrictions on incoming European commodites, the im-released detalls of the new India-

trade. pression gained is that the Gov-

agreement as a stop signed on. August, 2, rovising an ernment regards this calculated not only to have, a earlier treaty of March 28,

The new- treat is intended to "Either Sir Blafford it talk-healthy effect in rebuelug British Ing with an eye on the forth prices but to contribute to gen-provide a balanced trade each way eral European trade recovery. of 32,000,000 Rupers. The cariier coming

elections, British

The "Elg Three conclusion treaty dvoracly affected India's been could it be that he has

"eligibility requirements" trade, by 15,000,000 Rupees-As-. promised something more sub-

can be broadened to enable Bri-sociated Press. stantial than was revealed by

talh to make a more fully effec- the ambiguous communique?"

tive use of Marshall Aid dollars Of the proposed consultative machinery, the "Evening News" to assumed to mean that Britain will be able to use ald dollars asked: "What will be its speci-

to buy, Canadian wheat. duties nnd responsiblites? There is also to be close trans- Atlantic linking, with Britain Identlled as the Junior partner in this

nic

16 set up. What does

Cape Town, September '13.

The newspaper "Cape Argus"

The London "Evening .Stan- said today that it is possible dard, directed by Lord Beaver- The opposite and majority that the three-Power Washingbrook, Canadian-born champlon view is sold also to be that the

ion programme represents only

of Empire free trade, discussed Gavernment can do with

half of the real plan for bridg- American Investment, in the extra six months administration.

Colonial Empire. This would enable them to puting the sterling-dollar gap.-

The other half, it thinks, night It stated: "American private

investment can be written off. of the through the bili nationalising be devaluation proposats to br

"American investors will not sent their money abroad unless It is guaranteed by their Gov- ernment. It is not their habit or custom to take all the risks in nerent in overseas investment. They prefer to invest at home. So thus clause foreshadows in creased investment in the Brish Empire by the American do-

These two bills form an im

Union Movement led by Sir the Parliament bill reducing fromternational Monetary Fund.

and pass discussed in private by the In- Oswald Mosley was sent to two years to one year the period "For South Africa devaluation prison today for 1 year for the House of Lords may delay of Sterling would mean that we what was described in court the passage of bill.

should get more Poumis but not as a little Jew-baiting.”

more dollars, for our gold," the newspaper said, The man. 21-year-old Francis William Shaw, a rallway main tenonce werker, was accused of assault last April on two Jewish boys aged 15 and 16 in Dalston, district in East London witch includes a large Jewish popula- Com- tion and has had many munist-Fascist disturbances since

the war.

Sir Gerald Dodson, the Recur¬ der, in passing sentence un Shaw, zuid: "I um told that you were strong-arm man ut outdoor meetings in Dalsion. That is out- of-date and out-of-fashion, and never will be in favour in this country.

portant part of the 1945 election programme and the Government would like to be able to go to the country with their whole legislation programine completel,

Cripps' Task

"I might have advantages for us in some respects but we should be foolish to regard it as a short- mut out of our troubles."---¡teuler.

Duesseldorf, September 13. Lord Henderson, British Under- Secretary of State for ForeignA Affairs, accompanied by two pri- vate secretaries, arrived at Dues-

תם זנודנס

Acquisition Of Assets

It is pointed out that the ability to buy such commodities in Cana Marshall Aid. But it will con- du will give Britain additional

centrate, aid, dollars on the pur- chase of top essentials.

Britain, was warped of a now two

epoch of austerity when.

Sir Stafford, an- months ago, nounced proposed, dollar import cuts at the rate of £190,000,000 ($400,000,000) a year.

The

Employment Policy. Threatened

Commonwealth countries. followed with similar proposals representing an overall cut of £75,000,000, a year.

No additional austerities ure expected here as a result, of the Washington talks, but.. Britain will soon be feeling the chest of the dollar slash already decid- ed upon, which will be put into when the Government operation produces Its new. Imporis pro cramme this month.

Treasury officials said on Mon- day that while no new dollar im- port cuts are being planned, the 25 per cent ($400,000,000) cut in Britain's hard currency spend-seldorf today by plane for acquire copper mines, gold mines, ton, to safeguard her industry

ng programme ordered in July Ave-day visit to the Ruhr-As remains in force.

One of Bir Stafford's first tasks when he returni, wld, be to put

revised dollar Import pro. gramme before the Cabinet. Sugat, tobacco, timber, paper and pulp. non-ferrous metals,

"What is more, it is against the cotton steel and machthery will

Jaw."

!

The disturbances, he added,

be mainly affected, but Britain hopes to offset some of the loses

these hy buying

materiais

were a crying outrage."it is non-dollar areas. necessary that this sort of thing- In the view of the Treasury

must, stop," he asserted.

offcials, the effects of the cuts

One of the boys' was in hos-will become apparent within the pital for 17 days. The other was next two months Associated more seriously injured.-Reuter, Press.

BIBLE

AUDITORIUM,

MARK

OF THE

BEAST

Keep this

**Open

Sunday

sociated Press.

"That is tantamount to thorac quisition by America of asselp in the British colonies. They will They perhaps uranium mines, will purchase, with their dollars;

i

Britain has sufficient, stocks of vital raw material such ha cot...

(Continued on COL 6)

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