1949-09-19 — Page 1

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DEVALUATION OF STERLING

Cripps Broadcasting Royal Family At Highland Games

Formal Announcement London Stock Exchange, Banks Closing Today

25 PER CENT CUT SEEN

London, September 18.

A well-informed British source reported today that Sir Stafford Cripps, Chancellor of the Exchequer, will announce the deva. luation of the pound sterling tonight.

The present exchange value of the British pound is four dollars and three cents. The extent of the cutdown in the pound was not immediate- ly disclosed. The informant said it was unlikely it would be more than 25 per cent, and probably less.

The report came just after Sir Stafford Cripps had arranged to make a

special, broadcast to the British people on Sunday night.

UN Assembly To Open Tomorrow

New York, September 17.

The biggest job for the fourth United Nations-As---

sembly, convening on September 20, will be to wind up old business. There is a good chance that some lingering issues may be dis- posed of at this Assembly.

That is the expressed aim of Brigadier-General Carlos P. Ro- mulo, Philippine delegate who is likely to be elected President of the Assembly.

The, economic boss' broad--

of the

cast is expected to contain a formal announcement sterling devaluation.

Sir Stafford and most of his top advisers were in their offices in the British Treasury today.

A Treasury official replied "No comment," when a perter pointed out to him tha

denied Treasury spokesmen during the past week that th: British would make such move this weekend" (See page move

The Royal Family attended the annual Braemar Games in the Princess Royal Park, Braemar, Scotland. Photo shows" the Royal party in the Royal Pavilion, (left to right) Marquis of Aberdeen and Temair, Duke and Duchess of Gloucester, King George, Queen Elizabeth, The Duke of Edinburgh, Princess Margaret "Röse and Princess Elizabeth. A. P. Photo

Reds Open Peiping Conference

(From Our Own Correspondent)

Canton, September 18,

-- After •some. delay the

Reds Announce Capture Of Six Islands Off Fukien

(From Our Own Correspondent)

Sir Stafford Cripps, who re. "People's Political Consulta The Communist capture of six Islands off the Fu-

tive Conference" was conven- - turned from dollar talks in Wash ington Saturday, had a two-houred in Peiping yesterday after- talk with the Prime Minister Mr Clement Attlee.

or a small scale at the Paris Assembly and Mr. Truman's On his arrival he repeated pas plan; announced in January, expression of optimism about th made much more of an issue of future of British, American and

Canadian economic co-operation.

The Chancellor has been one of the armiest British, opponents of pound devaluation.

this item..

There are two new points for There is not one new major is-

but they are not sue on the work sheet of 72 items, the delegates, There still is room for some coun- considered major. One is Secre tries to pull surprises. That is a tary-General Trygve Lie's

favourite trick of the Russians, for a minute of meditative silence

who usually hold their fire until) at the start of each Assembly their chief delegate makes his session. This has the approval of first formal speech in general de-a Committee set to streamline work of the Assembly and may bate programme for the first day so through this autumn.

bate

is simple. Norman J. O. Makin, Australian Ambassador

ciated Press.

Banks Closing

noon to pave the way for the torming of a "coalition" gove ernment on October 10, ac- cording to a reliable source.

The conference will include The 45 units composing 570 mem- ! bers and 77 reserve members and 74 democratic persona.

oce day, ad steering committee of the confer

explanations

th

kien coast, South of Foochow, including Ping- `ton Island was announced this morning by the Peiping New China News Agency which added that the attackers inflicted over 200

Communist claim as monitored here said that casualties on the Nationalist 73rd Army.

the invaders captured two field pieces, sev- éral machine guns and 80 rifles.

was

said that Changchow, was full being

Western Powers Abandon China

To The Reds

Washington, September 18.

Great Britain and France yesterday threw their support behind the United States decision to abandon China to the Communists. M That endorsement of a policy that has been under bitter attack by Republicans in the United States Senate was given during a 90-minute meeting of the Western Big. Three Foreign Ministers.

A terse communique issued

As the meeting broke up re-

He.

at the close of the meeting porters asked M Schuman how said only that the three Powers be feels about Indo China

replied that he was "optimistic." were "in accord" on their

-United. Press.... overall Far Eastern policies. But informed diplomatic sources interpreted it as mean-

ing that the British and French

agree with the U.S. Govern-

ment that there is no longer

any use in supporting Gen- eralissimo Chiang Kai-shek's Nationalist regime in China.

For the time being at least. these Sources said, the Western Powers are agreed that they can do nothing directly to stop the Chinese Communists for the sim- ple reason that there is no cohe- rent anti-Communist force in Ching

Republicans in the Senate have protested furiously against the Department's decision to State abandon Chiang. They fought un- incondi- to get an raconsfully tional arms grant of US$75,000,- Me for Chiang's Nationalists in the LS81,314,010,000 programme of military aid for nations. The aid bill now before the

atcalls for Senate

US$75,000,000 China sic great, but leaves its use to President Truman's discretion.

The Secretary of State,

fres

Dean Acheson, the British For For Mr. Ernest Bevin,

eign Secretary, reign Ministar

and the French Mr. Robot Schiman sát âm có

3. Schu yesterday's conference.

in

Japan Treaty

Resistance

To Red Rule

Canton, September 18.

of Defence The Ministry taid today that 1,000,000 Chinese were fighting the Communists behind the Red lines.

The Ministry said most of them are peazants, who re- volted against Red rule, but many others were Nationalist

There troops.

also le

พ.

"uprising of students-and- former government employees.

The Ministry reported that most of the resisting” forces were in Honan province, inj the Ta Pi mountains North Esat of Hankow, and in the Nanking-Shanghai aria fo

The Ministry said there event=was alstrong:"guerilla „ force operating in the, Pos-- district RCTORS Whangpoo from Shanghai- Associated Press.

Discriminatio

the

At BCOF Rest Hotels In Japan

Tokyo, September 18. The British Commonwealth Occupation Force spokesman to- day confirmed that there were Nume discrimination at BCOF hotels but denied that there was any colour bar, adds Reuter. "Diplomatic sources -- said the

A Japanese newspaper this general "accord" announced by

week-end published American the three Ministers also covered reports stating that the BCOF- Japan. The three Powers were had introduced the White. Aus- said to have decided jointly talia"

policy into Japan by push for an early peace treat) refusing to accept Negroes or

with or with Japan

without American officers of Japanese de-

scent.

Russia's

man was called in after Mr. Be- vin and Mr. Acheson had gone over the Far Eastern policy field two-party talks. That was taken to mean that the United States and. Britain are taking an Already 635 persons are in Pel-

interest in the struggle now be The Military News Agency | several phints, reports Reuter. ping for this conference, General admitted last night that Com-

They landed at midnight oring waged against Communism in Chou En-lai, No. 2 Chinese Com-

Geplamber. 15 in bundreds of French Indo-China. munist troops secured à foot- Some well informed quarters munist, and Mr. Shen Chun-j hold on the South Westera junks and other small craft.

cf the Democratic League and

The Chinese military spokes- expected the London Stock Ex-other politician will form ti corner of Pingtan Island after

man

unable to confirm an chan and the British banks to

landing from more than one earlier press report stating` that be closed tomorrow, though

ence which, went through thre thousand craft. Earlier this Pingtan Island had been occupi The second is a

bably only for Panamanian

months of preparation. How th official news agency said- thated by the Reds, Reuter. to the plan to reform the calendar and

planes

There has, however, been no recon- government. This would be the normal ac-number of seats is alloted to United States, is due to call the put it on a fixed, uniform, invari

ccial denial noitred over the Island to pre-

He delegates of $9 rations to order. able basis beginning in 1950. Few tion if sterling were devalued to 45 units or parties is not disclose

in the report Under U. N. rules, the retiring.

These ants said th Concerning the possibility that vent an enemy landing, and west of Amay, It would give business · men President does that but the Pre- celegates have shown much in-night.

The BCOF spokesman.. stated sident of the third Assembly, the tents in the plan so far.-Assa- time to think things over and to Madame Sun Yat-sen might be other reports said the Na defended by the Nationalists

kept watch

Communications with Chang-Ministers also agreed that ther that Australian hotels were open British digest any official

is no basis at the moment for A come the chairman of the coall- tionalist ravy

to all members of the and guidance.

tion government and the likeli- against. Communist invasion chow had been cut

No major fighting has taken Pacific-pact along the line of the Commonwealth, irrespective of It was thought in well in hood that Mr. Mao Tse-tung, head of those islands.

A reliable report stated that place on the South-East China North Atlantic security treaty coluar or creed. However, it is formed quarters that 1 to the Communist Party, will stay

the BCOF policy to accept only night's decision, expected to be out of the government, observers the Communists occupied Chung-front but there has been several but that they will continue to ES

skirmishes against

guerillaspouse. independent nationalistic white personnel other than announced by Sir Stafford believe this means that Madame aing, Tunghsin and Yuwang in

member of the British Common- commands better prestige South Ninghsia province by ad-Cur Own Correspondent and Reu- movements in South East Asia, a Cripps, in his broadcast at 8.15 Sun

the best immediate antidote to wealth, the spokesman added. -- outside the Communist Party vancing from Kansu The Moslem p.m. GMT, were for a devalua-

Communism,

Reuter tion of sterling, the new rate than Mao and that she will be troops of General Ma Pu-lang would be about $3 for £1 as only a tool of the Communists. sgainst

the

present rate of Such A gestore, if true, would in give battle. $4.03.

mean that the Beds find it difficult There was strong reason to be to rule the entire country, energy, conventional ar

Sially South China, and may leave ments. the year

round Little calibre shells and a shotgun blast lieve, however, that up to a late

14-foot hout this morning a final deci- the new government to complete Assembly, the U. N. field service, through the head of a

sion on any new cafe, had still the conquest of South and South- the issue of human rights in Bul-python possibly the longest ever

West China, In the opinion garia and Hungary to which Aus- caught in the Colony, on the hit to be taken.

In the event of

these action,

observers, who hold above Middle Gap Road res

that

the tralia has tacked on Rumanis inside o

the devaluation of all other ster- Reds are more interested in.

Man- ling free currencies to the same charis and North China

Though friendly to

Soviet Rus extent-by about 25 per cent was expected, including thesia, Madame Sen is not a Com- reactionary and corrupt

elements

Foreign Minister of Australia, Dr. Herbert V. Evatt will not be here. Then comes the election of officers and the Assembly is on.) The best guess on final adjourn ment ranges from the first to the

iddle of December.

The old toples

on the U. N.

agenda are Palestine, new mem-

bers, amendments to the Charter

to eliminate the veto power

EI

the five great nations, Italian co

Huge Python Shot In Colony

Indonesia, Balkans, Korea, Police officers shot five 381

a separate point, and South Westerday Indian python was still Africa

The alive and hissing five hours after On the economie side there is being shot. ikely to be considerable fire.

this

scattered and were in no position

Cavalry Retreat

ter.

Divers Search Hull Of Noronic

For Victims

The Fifth Cavalry army re- treated as far as Sinklang be-j

Toronto, September 18. Com yond the reach of the

Divers were going down into -muniste. General Pang Teh- hual commanding Red forces in the flooded hull of the gulfed

Lakes Great

cruiser Noronie North West China urged, this army to return and surrender, this morning to search for addi- guaranteeing

the troops free-ional victims in Canada's worst

shipping disaster: dom and good treatment.

Sixteen submerged cabins still General Pal Chung-si flew

At 10.45 yesterday morning, a South African Pound and the munist but opposes in the back lacagyzne storio had to be explored and it was bei

works over President Truman's Middle Gap resident telephoned Indian Rupee.

"paint four" programme, for id the Wanchai Gap Police Station Additional Dollars Bec-148 persons still unaccounted for

Kuomintang. She was, at times afternoon after a two-hour: lieved the bodies of some of the

under developed countries and reported the snake near the The U. N. started on that path garden of House 563.

The Weather

China Ben, E. of Saizon but qui, shown

Sub-Inspector Charles Chan

dollars from the Fund,

and

countries

to

Madame H.E. Kong, wife of for

and Finance

..

احمر

veiting

The authorities counted 123

toll is expected to be higker United Press

ON OTHER PAGES Page 2000

the US. 7th may be found. commanding key, Minis-

On the dock despite heavy rain A devaluation of sterling would mer

Task Force, who was entertained and three coolies found the snake help Britain to obtain $325 mil ter

Madame Bum was in Hong Kong to lunch by Acting President I relatives stood in pathetic groups, from the Interna

Tsung-jen.

for the operations to be going towards a small stream lion a year

invasion in

Pai's hurried de of the parture was due to the openingsin One of the poolies struck the tonal Monetary Fund, and enable during the Japanese python on its back with a stout-other sterling countries, inclué. 1941 but was taken out the of an artillery: duci in Yuhsier bodies from the tragedy but the

Bunan which may be the bamboo pole, but was frightened ang Australia and India, to obtain

shirled additional substantial amounts of from Chunking whether the beginning of

er friends here

much the

talked away when the suake, around

faws open At 0809 GMT (1 pm HEST! theo coolies picked up a 60-

with its

There have been several re- would accept the chairmanship of Communist offensive.

There was no further

news skellow depression persists, the pound rock, and after getting in-

ports during the past week the new Peiping government if

about

the Communist spearhead that access to the Fund's dollars an offer were made to her." na kind in developement. Another shallow to position to drop the rocker

of the 14th Army which has in- by Britain depresion is centred over: the, Pasific the make's back, decided that 11

the other

filtrated Into à corner of Dong- sterling NW of Gum" with a trough calending was too dangerous, gently

(Yungruan) County i Kortkwarde from it and covering Bouthern the rock back in

Ber: 15: Although Oungy divel de över” China.."

only 110 miles North of Canter but de tance of about 10 feet fired the million a year from

have been.

The Japanese cable and wire military circies did no believe th first shot from his Service re there volver through the python's head. (1) a decision by the Fund hot manufacturing industries are be 14th Army alone would dare to and after rummaging through to supply dollars to Marshall Aiding swamped with orders from penetrate farther Southward a * Tak hillside and brush for about 10 countries until the end of Mar-overreas. One company will ship long as the Human front remains

shall

Ald might have been cables to India via Yokohama

sur- 64784 miles of communication unchanged. minutes following the snake, fired

A Xweilin report published four more bullets through the its rapunted

The other was that the Fund is and Kobe for the first time since a local paper said General Yeh 1721.2 -0.04 1.4 Bainst an bead, and a coolle followed with not allowed to supply dollars to the end of the war, gry Chien-ying, former Communist

照 support any currency which is in The Intal shipment of cables mayor of Peiping and now.com Unespite "bi-this, the python.

Dut

ran

ditional

retrench

Japan and the Yellow-Bes, preaure. Is Unte, 34a ment· "and" devaluation.es:

Today's "Forrest-Moderate

Auto ostavila Wisther

Mizimum? 784: Sen, Sub,

¿Bócskáme 2, 302 horrek

E.

Rainfall: Nu Total: since Jan,

cub-Inaspava manentein. is entitled to: > $325.

at

4cies;

ORDERS FOR JAP CABLE AND WIRE

Tokyo, September 18.

yuan

ID

Reforme

Aumic's Ordeal Jn Handa: Of

Burmese Rebels” Page-3

Proposed

Rationing Page

Barclay's Bridge Page:5-

All Not Going Well At In-

Zonesia Talke

patien

Page

Pact

Defence Committee For Atlantic

average of 1858.9 mi/73,11 fm.~, (a shotguni blast.JESTATEondamental disegnalibrium and ordered is: expected to be even-Funder of led-forces in Kwig Paa

"Barozeni ́m ul-Rite 3005 m.b.

Ret? RomidityATAKAN TENGJAS Dis Point Wind Direction S... BE by EELS “Wind: Fozco

Time B

10 knots,

24

was no confirrastion by milltary

wme twisting and turning at aerling at its recent rate has ointed by January next year tung, was in Hong Kong. There, will as the four men hauled the beer commonly regarded as in Reuter. snake Into the Black Maris fundamental disequilibrium. and took it to the station. Despite the ovens of

financi

An officer at the station said at announcement of far-reaching that the pythoon would definetly importance, official T

be stanger to an unarmed quarters here resolutely adult

to be drap on ité character

and would wake, no stažen (See Photos on Pages 2 and 3,}| Associated Press and He

ober 18, emen from Stemoore early today in crie and were campe in traine

Tabla Rejecti Kashmir, Proposal, Page 9

Cripps Back;;fn") Landing Reported Page 10 TENG AS Troops of the Communist Hong Kong Waterfront 28th Army haye landed on Page 541-407 Pingtan Island, on the China Air, Shipping Movement. Courte opposite Taiwan, and Page 12 are fighting the Nationalists

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