1934-03-29 — Page 1

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London Air-Mail Letter CHANGE SEATS

Air World Anniversary: Citroen Company Shares: Liberia & Disarmament: Automatic Balloon Ascent: The Naval "War" Relics of Old Cyprus: Gilt Edge Industrials.

the boat pext week But there is only a fortnight to the race, and in the meantime valuable practice

(Special Air-Mail Service)

London, Mar. 9. AN AIR-WORLD ANNIVERSARY

Yesterday was the 150th anni- versary

of Blanchard's first as-is being lost, while the crew are сель from Paris In a hydrogen upset by the changes? Cambridge balloon, and it is a little chastening pursue their way screnely at Cor- to notice the directions in whiching." flying has outstripped" or lagged behind prophecies,

Horace Walpole, a keen patron of the new invention, platured a world where ships would become obsolete. sea ports.be deserted, and huge "aerial dockyards rise on open spaces such as Salisbury Plain and the Downs.

But his vision of air warfare stopped short at "fights with wind- guns and bows and arrows."

FRANCE'S MOTOR KING M. Andre Citroen, the shares of whose company have slumped so "sensationally on the Paris "Bourse, has important interests in England On his fleeting visits here he meagre manages, in spite of a knowledge of English to convey the belief in speed that is the foundation of his philosophy.

Jed which he The expedition across the -Sahara made him, at the time, the most popular man in France. I have not heard that he still cherishes the idea of be- coming President."

The last time I saw him was at Monte Carlo, He was then en- grossed by the more common am- bition of breaking the bank. “

LACONIC DIPLOMAT " **

In these days of long and ob- scurely phrased disarmament pro- posals the Liberian delegate's iu- cidity Geneva is refreshing.

Hls statement to the Committee National Defence Expenditure was briet. He said:

Liberia has no money; therefore she cannot have a budget for muil- tary purposes: therefore she has no army.

It is as final, in its way, as Lord Cunliffe's statement in Paris, when he accompanied M. Lloyd George to a conference of the Allies on the financing of 'Russian contracts in' America,

After the Governor of the Bunk of France had expressed himself with great fluency on the tran- shipment of gold, Mr. Lloyd George called on Lord Cunliffe to state the British view. To quote from his War Memoirs:

"Lord Cunliffe rose slowly, and alter a few preliminary puffs he

said:

We do not mean to part with our gold and then subsided into his seat."

OXFORD'S BAD LUCK Misfortune pursues Oxford In their efforts to break Cambridge's long run of success in the Boat Race. Since the crew arrived a Putney they have had "three in valids to nurse, including their coach, Brig. Gen J. H. Gibbon, who has had a swollen jaw..

G. 1. F. Thomson has a poison- ed finger, and yesterday. J. H. Las- celles could not take his place, at No. 6 owing to a slight attack of Influenza,

Both Thomson and Lascelles are expected to resume their places in

AUTOMATIC "STRATOSTAT”

The first automatic balloon as- cent into the stratosphere is, I hear from a friend now in Moscow. to be made from Leningrad to .wards the end of this month.

The balloon is entirely mechani- cat and will carry no crew. The various delicate instruments for. registering the Interity of the cosmle" rays and othe phenomena will function automically

It is claimed that this "stratos- tat" will be capable of reaching a height of 40 kilometres,

Perhaps the most interesting feature of its equipment are in- struments by which the impulses of the cosmic rays and the com- position of the oxygen at various heights during the fight will be transmitted by radio to observers on the earth.

The machine consists of a "gon" to several: globes, dola attached composed of elastic rubber, each metres in diameter. some two These globes will expand as they rise to regions where the pressure is lower and a steady ascending force will be maintained until they burst at the malamum height for which, each is designed,

Å

CYPRUS'S ANCIENT

MONUMENTS.

small but distinguished ex- pedition is leaving for Cyprus next week to investigate what can be done to safeguard the Byzantine and mediaeval monuments of the island.

-

CHEAPER

Slump In New York

Prices

New York, Mar, 27. Seats on the New York Stock Exchange were sold to-day for considerably lower prices than have been ruling latterly.

-

Three were sold, one fetching $100,000, one $85,000 and one $83.- 000.

These prices compare with $112.- 000 realised on one sold yesterday.

Reuter.

is likely to be announced during the next few days.

The favourite for the position se far, I and, is Sir Esmond Ovey, who was Ambassador in Moscow unti His recall at the time of the trial of the British engineers

-Sir Esmond is known to have re- fused a South American Lanbassy at that time, preferring to wait until a European post, became vacant.

At the moment he is the only Ambassador without an Embassy.

THE NAVAL"`"WAR”.... The exclusive announcement in Saturday's "Daily Telegraph” that Italy has declared a naval holiday. for this year preceded by a few hours the news from Parts of a big Franch naval programme.

It is proposed to lay down forth- with a second battle-cruiser of the Dunkerque class, some additional cruisers, and I gather, a few sub- marines,

Sir Bolton Eyres Monsell is to

circulate the 1934 Navy Estimates, which were certainly drafted be- fore anything was known of tha big French projects.

It will be interesting to watch Italy a reaction, for she has made

clear shas her stupbuliding doll- day is to take effect only if other Powers join in-and France is Italy's chief mayal rival. INDUSTRIALS AND GILT-EDGED

A curious contradiction of the usually accepted.economic theory that glit-edged securities tend to fall with a rise in.-industrials is being presented to the City at the. moment,

Its members, are Sir George HL,

the Bridsh The activity in mdustrials nas the Director of "Museum (who has been given not had the usual effect of depress- special leave), Sir Charles Peers, ing prices of Government stocks." President of the Society of Anti-On the contrary, prices in both quaries and late Chief Inspector of Ancient Monuments under the Office of Works; Mr. W. H. Buck- fer, the Oxford' antiquary; and Major Vivian Beymer, who is act- ing as chauffeur and assistant architect to the party.

Mr. Buckler, who was formerly in the United States diplomatic service, was probably the first to draw attention to the danger to the monuments. This was in a paper read last year to the Society of Antiquaries.

To all the party the investiga- tion will be a labour of love;

Funds for the restoration of the many remalns of classical, Byzantine and Gothic antiquity are being collected by a committee in this country. Its members in clude the Archbishop of Canter bury, "Lord Lansdowne, Loid Ho- ward de Walden, Lord Baintel, and Mr. Ormsby-Gore.

Lord Mersey, who launched, the appeal, intends to visit Cyprus later in the year,

The scheme has the support of the Colonial Office

THE BRUSSELS EMBASSY · The name of St George Clerk's successor in the Brussels Embassy

markets have moved up together. Consols. 2 per Cent, which closed on Thursday at 794 stood last evening at 82--3-B,

will

Perhaps the economists, have to bring to life a new theory, MAJOR. J. S. COURTAULD Major J. S. Courtauld's appoint- ment as a Jockey Club representa- Betting tive on the Racecourse Control Board will be generally welcomed. Besides being an own- er and breeder of racehorses he has a Parliamentary association with racing. Goodwood. Ies within his constituency..

At the moment Major Courtauld is visiting India with Lord Lyming- ton. He holds decided opinions on the White Paper, and has gone to confer with various Indian rajas on the problems it presents.

Among back-benchers few MP.s are more popular in the House. Mány Londotiers to whom he is only a name are familiar with his strean-lined car. This never fails to attract a crowd of sightseers when it stands anywhere in the West-end.

He is a younger brother of Mr. Samuel Courtauld, the chairman of Courtauld's.

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