1934-11-03 — Page 9

ANGLO-GERMAN TRADE

AGREEMENT

Favourable Press Comment

In London

(Special to "Hong Kong

--Daily Fresx'')

German trade, be

HONG KONG DAILY PRESS, SATURDAY, NOVEMBER 13, 1934.

SHARP RISE IN FRENCH TROOPS READY

TO ENTER SAAR

RUBBER

Reaction To Export Cut Report

Resentment Voiced In Germany

Paris, November 2

London, Nov. 3. Favourable reports current in the rubber market regarding the export cut for January was

It is authoritatively stated that sufficient to responsible for to-day's sharp rise French motor unita are behind the ensure a full payment. The Reichs-in rubber.

Alsatian border ready to enter the bank will provide immédiately not According to the "Financial Base at a moment's notice if Mr. less than £400,000 for the liquida-Times" it was stated with cop-Koox, the British Commissioner, tion of outstanding commercial adence that a meeting has beenues an 8.0.8. that the local debts and will also expedite their called for November when it is gendarmerie has been overwhelm liquidation by the realisation of all said a 30 per cent. cut will be ed by the Nazis. It is estimated outstanding German commercial announced. It is further asserted that a few thousand men could claims on United Kingdom whe- that the percentage will run for master the situation in a single ther by credit operation or other three months and probably for wise. Insofar as these measures the first six months. are not sumclent Reichsbank will set aside an additional percentage, provisionally fixed at 10 per cent. of the value of German exports to the United Kingdom sumcient to ensure the liquidation of all out- standing "debts within twelve months. Sondermarks standing in a special account under the ex- change agreement of August last

[By Telegraph, Copyright, Tala graphic Messages Ordinance, 18773.

Received, Notembar 2, 7.40) p.m.)

London, Nov. 2 Great satisfaction is expressed in Friday morning's "papers that the Anglo-German negotiations on trade should have resulted in an agreement which vzider existing circumstances must be regarded as satisfactory. The British press em- phasises that the agreement brings substantial advantages to both countries. At the same time it is pointed out that it is but an experiment about which due reserve must be shown. Success depends largely upon the new facilities for trade belog, used Judiciously since indiscriminate as well as those waiting to go into exploitation of the new "possiblli- ties might upset the customary proportions of trade between the two countries and thus create new problems.

that account will continue to be sold by the Bank of England and further arrangements will be made whereby, with the help of a credit operation and if necessary, of a The "Financial News" declares charge upon the 55 per cent car- that under prevalling. circum-marked for current trade pur- stances, the agreement is a con- poses, Sondermarks will be qui siderable success. The "Dally dated within three months. Telegraph" writes that the agree- ment exceeded all expectations and removed one of the chief causes for discord between the two countries.-- Transocean Kuo Min

CAUTION URGED

Berlin, Nov 2. "The tone of the comments by the German press on the Anglo- German trade agreement is chief- ly one of caution not unmingled with satisfaction. The Boersen Zeitung says "to what extent the expectations entertained by both Governments will be realised re-

**

EXCHANGE CERTIFICATES

At the outset foreign exchange certificates for the import of United Kingdom. goods into Ger- many will be issued without res- triction but the German Govern rent after consultation with the

Another idea was the percentage for the first three months might be 27 per cent, followed by 324 per cent for the following quarter. ---Reuter.

11

باو

THE EGYPTIAN INCIDENT

King Fuad Sees Premier

afternoon.

Invasion of Saar territory. „The Paris correspondent of the Landen "Times" states that in French opinion "France.. should not be called on to face the possibilities that might arise if French troops alone entered the Baar Busin, and the fact that British troops—even the barest handful-would accom→ pany them would be insufficient to avert the slightest danger."

The "Deutsche Allgemeine Zel- It is emphasised that France | tung", commenting Dn these does not desire such action and reports opines that France is believes that a warning will op-evidently afraid to shoulder the viate the necessity of such action, risk involved in the proposed Baar

The dispatch of troops, f It Decurs, is not intended to in fluence the January vote. They will be withdrawn "as order is restored— Reuter.

LEAGUE ACTION

soon as

Geneva, Nov. 1. The League Council'will be con- voked on November 21 to study the question of the Saar plebiscite. Meanwhile, reports that France

is making preparations to march Alexandria, Nov. 1. troops, to the Saar border, us a

invasion" alone and wishes to insure the help of Great Britain. The paper points out that, Great Britain declined in 1923 to co- operate in the Ruhr invasion and expresses the hope that the British Coverament will lose no time in publicly and firmly refusing to commit herself to participation in the Saar Invasion.— Transocean Kuo Min.

BRITAIN WATCHING

London, Nov. 2. The maintenance of order for

As a sequel to the recent inci-Precaution against a possible Ger- the Boar plebiscite and the French dent between the Government and man putsch, has aroused resent-threat to move in troops is having Germany. The press the close attention of the British ment in the Residency, King Fuad gave an audience to the Egyptian Premier be held partly responsible for the

warns Great Britain that she win Government.

It is learned that as signatories Yehia Pasha, who has tendered

to the Versailles Treaty, the his resignation, Manzalawi Bey.

consequences if the French troops

British

Government desires the enter the Saar- Minister of Agriculture, and Ibra-

plebiscite to be held fairly without Reuter. him Fahmy Pasha Minister of

exercise of pressure, and is com Communications"

vinced that the League is taking adequate precautions to ensure this.

MOTOR DIVISION IN"

SPAIN

(Special to "Hong Kong

The Premier, interviewed by British Government may tempor-"Reuter," emphatically denied the the issue of such Impending resignation of the en- arily restrict certificates. But in exercising this tire Cabinet control they will give special con Reuter sideration to exports to Germany. which are particularly important to the British, namely coal and coke, herrings, yarns, tissues and The Ger- mains to be seen. At any rate textile manufactures. the opinion.

Government further agree of Germany wi man coincide with that expressed by they will continue, as from Janu-

Daily Press"). the President of the Board of ary 1. next, to pay full interest on

(ByTelegraph, Copyright. Tele

180 Trade, that this agreement docs

bonds of the Dawes and Young graphic "Messagua · Ordinance,

Beceived, November 2, $40 p.m.) automatically

all Loans in beneficial ownership of not

remove

Madrid Nov, 2. difficulties hindering Anglo-Ger- British holders on June 15, last and will offer to British holders

As a man trade.: German business men

precautionary ... measure disorders, the still

further of Non-Reich Loans 4 per cent against must

exercise reasonable caution and foresight."-

funding bonds, guaranteed' by the Government is creating a motor- German Government and exempt |ised division totalling 12,000 men Tranacean Kuo Min.

from transfer restriction on the understanding that the British holders who accept this offer take the funding bonds in full settle- ment of any coupons funded.

EXPORTERS CAUTIONED

Mr. Runciman

STATEMENT AT COMMONS

London, Nov. 1." The Anglo-German debts clear ing agreement, terms of which were given by the President of the Board of Trade, Mr. Walter Runci-

man in the House of Commons,

·RESENTMENT IN GERMANY Special to the "Hong Kong Datis Press" (Copyright.}]

Berlin, Nov. 1. The resentment being felt here by the news of the French military preparations on the Baar Basin was I still further deepened by the London reports, according to which the French Government is said to be seeking to have the British troops to co-operate in the eventual

SILVER MARKET

(From Our Own Correspondent)

London, Nov. 2.

While regarding France's hat- titude as an entirely proper one, the Government does not think that the French fears are likely to materialise unless the parties in the Baar lose all sense of responsibility. Britain, at present, does not intend to take any special action-Reuter.

Neuve

Chiaruot

DODWELL & CO., LTD.

Sole Agents.

Tel. 20636.

SCOTTISH NOTES

By The Air Mail,

(From our own Correspondent)"

Edinburgh, Oct. 13. The University Untorist Club have very sensibly decided not to nominate a candidate for the Rec- torial election when there is al-

H.

Queen's Building

REFORMS IN FRANCE

Wild Rumours Circulated

(Special to "Hong Kong Daily Press");

ready such a good man as Bir [ Telegraph, Copyright, Talen Tain Colquhoun standing as anjraphío Mussngas Ontinence, 1805. independent. The fact that Sir Received, November 8, 1.30 pm) Iain is an honorary member of the

Paris, November. 1-* Unionist Club ought to ensure him The wildest contradictory... ra- proper support from that quarter mours are circulating in the without alienating students who Chamber lobbies as to the out- have no particular polities!` at- come of the conversations be- tachments but who know how i tween Doumergue and the Radi much good work Sir Iain is doing cal-Socialist Ministers concerning without ostentation in Scotland, Constitutional reforms, fluctuating particularly among the younger from breach and a government. generation.

crisis on the one hand to perfect The Mungo Park Medal | agreement on the other hand. 15- Since the announcement was is unlikely that anything definite made in July that the Council of regarding the issue of Doumergue's the Royal Scottish Geographical discussion with Herriot will be Society had awarded the Mungo known before. Saturday when the Park Medal to Miss Isobel Wyle Cabinet will meet for what is Hutchison in recognition of her re-belleved to be a decisive ression. searches in Iceland, Greenland, and

Well-informed quarters are in- Arctic Alaska, Miss Hutchison has clined to believe that a com published an account of her four-promise is more likely than (Kỳ Telegraph, Copyright, Tala neys, "North to the Rime Ringed breach and that the cabmet in, a graphic

Mariagar Ordinance. 1893 Sun Miss Hutchison will be pre-preliminary meeting on Fridag Received, November 2, 4.30p.m.)

sented with the Mungo Park Me-afternoon will agree to settle the dal by the Duke of York when he divergence of views, thus paving Duesseldorf, Nov. 2.

visits Edinburgh on October 24. For demanding toợ: high a price for potatoes, wholesale dealer here has been obliged to shut his

CAMPAIGN AGAINST

PROFITEERS

(Special to "Hong Kong Daily Press"}

comprising nine: infantry bat- London Silver prices to-day were talions, according to reliable in-up 1/8 as follow:- formation received here on Friday.

Nov. 1 Nov. 2 The division

Spot

234 which is to

... 23. be

.231.. Forward

237 stationed near the capital will be equipped with

London on New York cross rate armoured cars, tonks, fleld guns and great at 2 p.m. to-day was 4.98 5/16

of said the agree number

at closing door for business for two days by of Kent is due to the fact that the will compared with 4.98.

lorrles which

was initialled in Berlin to-day. In ment reached embodied these arenable rapid transportation of yesterday. that for some time during the ne-angements. In case it should not troops to any part of the country.

his statement Mr. Rüncilman said

gotiations it appeared that no solution of the difficulties could be found except along the lines of

prove successful, provision has | -Transocean Kuo Min,,

been made for its replacement by

â clearing arrangement. The

a clearing agreement in spite of adiment was the best possible MUNICIPAL ELECTIONS

the drawbacks of such a system and the hindrances which it in- evitably places upon the flow of trade.

in the circumstances but he did | not suggest it would remove all difficulties in the way of Anglo- German trade and he advised ex- porters to continue to proceed with caution-

The draft of the clearing agree- mept which, it was hoped, would British Wireles...." avoid the major difficulties inher- ent in such an arrangement and the pitfalls which had prevented the successful working of similar agreements between Germany and other countries had, however, been agreed upon.

PEASANTS IN RUSSIA

(Special to "Hong Kong Dally Press")

Towards the end of the negotia- tions, the German Government put (Hy Telegraph, Copyright, Tele- forward the alternative proposal | graphic Manager Ordinance, 1804. with the object of safeguarding Received, November 2, 7.30 p.m.) the payment for the current ex- ports of United Kingdom goods to

Moscow, Nov, 2.

Germany and enabling outstand- Harsh treatment of indepetident ing debts to be liquidated without peasants by the imposition of very setting up a clearing system. The heavy taxation have begun to have basis of this proposal was that the results which were not unforeseen. German Government will guaran- Many small farmers unable to pay tee that 55 per cent of the value taxes which must be met by of German exports to the United November 15 Kingdom shall be definitely ear marked for payment of United Kingdom exports to Germany.

IN ENGLAND

Labour Gain Control Of Important Boroughs

London: Nov. 1,

Independents

Sweeping Labour gains, especial- Labour-has gained

74

control of

SOCIALISTS' BID

Special to the Hong Kong Daily Prens' (Copyright).)

The Earl of St. Andrews - The choice of St. Andrews as the Scottish earldom for the Duke

the way for a definite decisio on policy on Saturday, Tranieran Kuo, Min.

order of the district Governor burgh is also the old capital of JONES STILL AT

the kingdom of Fife."

The King of Great Britain and. Ireland is also traditionally King of Fite.

There has never before been an

ATHENS S

who threatened the complete closure of the business should the offence be repeated. This case has been made the occasion for a last reminder to all traders that the lines laid down bý thẹ official Price Control Bureau for fixing William IV, before his accession the margin of profits must be to the throne. was Duke of St. closely adhered to and the pur- Andrews as well as Clarence.. chasing power of the broad masses Clarence, incidentally. taken inta consideration. The Greece. It was a Frankish for- wholesale, trade in particular has trees and formed part of the been responsible for the recent dowry of Philippe of Hainault. high prices Of butter, eggs legumes and meat. according to observations made by the Price Contról Bureau.-- Transocean Kua Min.

Earl of 8t Andrews, although Flight To England

PEACE IN THE

CHURCH

in

Interrupted

Spedal to the "Hong Kong Dai

Press". (Copyright)}"; Beotland's Story ......

Athens, Nov. 1- During the past few weeks over The two airmen, Jones and 11,000 feet of film have been taken Waller who took fourth place in in Scotland representing chiefly the London to Melbourne sirrace Ashing and harvesting scenes and ¦ and who are now attempting to set s Interiors of Clyde workshops in pre-new record on their way back to paration for the Government's London, took off here on Thursday screen story of Scottish industries, morning but after getting me für Ty in the industrial areas, have Hull, Derby, Burnley, Oldham, and

Much of the photography is des- as Italy were compelled by m- resulted up to now in the muni- Stoke-on-Trent-

cribed to me as very beautiful, favourable weather to return here. cipal elections in England and Zeuter.

especially of- the trawlers and ⠀⠀⠀ Weather permitting, they wil Wales, including London, where

fshermen going out from Aber- make another start and if they 28 borough councils are elected en

(Special to the "Hong Kong deen and Pittenweem in face of reach London for the course of they bloc every three years. Conrequent

D Dally Press”), +/- tooing sess. The harvest pictures day they will still have clipped i ly this is the first election since

London, Nov, 2. ¡Bs · Telegraph," Copyright,¦¦ Teisworthily depict many features of full day from the previous recort the Labour rout in 1931 immediate-

The Socialists succeeded in mak-graphic Messager Ordinance, ups. Scottish farming life. These for the fight from Melbourne to ly after the general election.

ing effective their bid for control Received, November 3, 1.30 p.m.) "shots have been taken by re- London.

H Labour has turned the tables in

weekend presentatives of the Unionist Films Transstean Kuo Máni have surrendered Londor and has already made the majority of the 300 bor-

Berlin, Nov. 2 Asociation, and they are now oughs throughout England and

* LEAVING ON FRIDAY - their farms to the State collectors. extre of six boroughs in addition to wales, where ten million people That definite steps are being being developed and printed for

Athens, Bov, Adany families are abandoning the four previously held. The bis- went to the polis yesterday to taken towards effecting a recon use by the National Government Cathcart Jones and Waller win Central Russia' and are proceeding gest victory was at Bouthwark eastwards where for polltes! and where fifty-two seats were gained choose their municipal councillors, cillation in the Protestant Church cinema, vans in Scotland and Eng- spend the night here wa

Thanks to the intense Labour indicated by the omcial com- Land,

dificulty of obtaining the neces other reasons they enjoy more in- out of a possible afty-three. The drive the Socialists ir sixteen munique issued on Thursday night An Edinburgh Aerodrome “ This allocation should, accord-dependence.

zary fuel supply, but they will de Municipal Reformers were obli-

towns like Hull, Birkenhead and by the Church authorlides which Sir Thomas Whitso remarked past tomorrow morning, ing to the normal trend of Anglo- Transocean Hus Min..

ternted

Barrow, succeeded to wrest ma states that "in continuance of the the other day that is almost a An all-Labour Council rules, at i Poplar and a solitary anti-Social (Jorities from the opposition and to measures for clearing up the scandal-that-Edinburgh has done to reach Baghdad to-day sitë 1st aldermaier Labour in impose a Socialist rule on the bur situation of the Protestant Church, nothing towards the establishment relig, at Aleppo

oughs which have been free from the Reich Bishop has created a of an airport for the city. There Reuter, Bermondsey. On the other hand its infiuence since 1922. At Shef- special Ordinance. The first and will be those who ste prepared to |Municipa‡ - Reformers monopolize

again the Westminister Council. ld the Socialists considerably foremost disputed points in the drop the word "almost

So far Labour gains in London enlarged their majority. For the Constitution of the Church where posal for the creation of an Edín-- for curtailing the times taken by The Dindings Agreement Ap- are 227 and losses 1. The Muni-st time since 1921 there have disciplinary action has been taken, burgh Flying Clip "ll be con the existing Empire air services proval Bill has passed its second cipal Reformers suffered 210 losses been elections in the Metropolitan will be Investigated and the Reich sittered at a public ATERS wherein 28 London Borough authorities have been informed to since ground orga have been under consideration for reading in the House of Commons, and had only a single gain

Counelle retire as a whole every this effect. Within a short time large part of the prob several months.

The Secretary of State for the One third of the provincial bor-

three years

new parish regulations will be of this movement on He could not make any state- Colonies, Sir Philip Cunilite-Lister, ough councils are elected every Labour gained control of several issued which will transfer the how much longer Reab ment at present, but wished to declared that handing back the land three years, thus the elections important London burroughs. Their initative for taking measures for remisin, the only inter that important as

would be an economic and sound amount to annual affairs.

lacks mo returns from 60. burroughs receivthe pacification of the Church to wit the

speedinctor 14 com-act Tite Fecerated Malay States With 98 district reauits coming ed early on Friday morning in the parishes themselves. It is the flyin mercial air transport, other son had been more than generous in in the present standing fa:

dicate that Labour gained 10% desire of the Church authorities siderations such as safety, re-loyal contributions to Imperial de-

Gains Losses sents while the Conservations lost that through this exactment Desce liability, regularity and comfort fence to which it has made un

867 Liberals 18 and Independents will be had also to be take Into account, paralleled financial grants, i

1310921- British Wirelest,

"FULL PAYMENT",

EMPIRE AIR SERVICES .

F.M.S. CONTRIBUTIONS

PRAISED

London, Nov. 2.

The

London, Nov. 1. Under-Secretary for Air,

Bir Phillp Bassoon, in reply to questions, stated that proposals

Reuter

209

Labour Conservatives. Liberals

24 34- Transotean Kut Vin..

Min:

The pro-

ting and

the Late

1.. Brook left here and hopes

Scotameru

Statist port

for Inst

Beotland if how tha

an

temales.