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· HONG KONG DAILY PRESS, SATURDAY, MARCH
TIN BUFFER
POOL
SCHEME TO KEEP
A
PRICE STABLE
London, March 17.
for the proposed scheme formation of a tin buffer pool provides for buying by the pool In the event of the price falling below £200 and selling when it is above £230, but the limits may be varied if a marked change in the price structure renders it neces-
sary.
A pool stock will be created by contributions from the signatory countries equal to 7 per cent. of the standard tonnages, which will be tarfelted and proportionately redistributed among the other. signatories if any signatory fails to produce its quota.
CONTROL OF OPERATIONS The pool will remain operative 1942, and the until January 1, operations of the pool will be controlled by a small body ap- pointed by the International Tin Committee. and will be secretly carried out through the London | Metal' Exchange. '
An account of available stocks will be rendered the International Committee before each quota meeting.
As regards premiums for special brands over the standard quality. the scheme follows the regula- tions of the old buffer
(Reuter).
19, 1938.
AMERICA'S PEACE
PEACE QUEST OUTLINED BY MR. HULL
IN STRIKING TESTAMENT Must Rearm Deep Concern
Over Rising Lawlessness
To Uphold Principles
Washington, March 17.
"Deep concern over the "rising tide of lawlessness, the growing disregard for treaties, the increasing reversion to the use of torce and numerous other ominous tendencies emerging in the sphere of international relations" was expressed by Mr. Cordell Heli, Secretary of State, in an address today to the National Press Club.
He recalled his statement of the principles of American policy made on July 16, 1937, in which an overwhelming majority of governments of the world joined in affirming their faith,
Be sald that the crucial issues today were whether these principles would be vitalised and firmly established as a foundation of international order or whether international adatchy, based on brute force, would inundate the world and ultimately sweep away the very bases of civilisation and progress.
Dealing with American rearma- ment, Mr. Hull emphasised that no policy could prove more disastrous than for an Important nation to fail to arm adequately when inter- was on the national lawlessness rampage.
In his considered judgment, n the present state of world affairs, to do less than was now proposed would lay the United States open and hazards to unpredictable pool scheme. namely that premiums would seriously restrict the United will be returned to the producer States ability to command, with- out the purpose or occasion for re- sorting to arms, proper respect for its legitimate rights and interests, the surrender of which would con- stitute abandonment of the funda- mental principles of justice. mor- ality and peace among the nations. the Hull
that Mr.
declared American Government pursued a
GOLD ACROSS ATLANTIC
Heavy Flight Of
·Capital To U.S.
London, March 17.
The recent fight of European capital to the United States ands reflection in an authentic report that gold, valued at approximately $7.000.000, is shortly to be shipped from the United Kingdom to the United States.
Well-informed circles are of the opinion that the shipments are entirely connected with operations by the various European exchange funds.(Reuter).
Mr. Cordell Hull
"
"Some have, visualised only our trade and investment relations with China, or our moral and cultural Interests there, symbolised by mis- sionary, educational and medical services and similar activities.
"Some have concentrated atten-
LAMMERTS' AUCTIONS
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AT 11.00 A.M.
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tion solely upon the incidental and MANIFESTO
exceptional facts of the existence of
OF
extraterritorality and the mainten- THE NEW BLUM
ance of some armed forces to as- sist in the safeguarding of our na- tional against possible mob vio- lence, and similar disorders-special rights which it is our policy to give up, and forces which it is our policy to withdraw the moment unusual conditions disappear.
"All of these are important. But the interest and concern of the United States-whether in the Far East or any other part of the Pacific area. Europe or anywhere world policy of non-interference. way practicable with all the peateelse in the woric-are not measured with B-will towards no nation, but seeking nations in support of the alone by the number of American
be basic principles which were indis-citizens residing in a
particular with the sincere desire to
pensable for the promotion of
country or by the volume of in- friendly with all.
stable peace, and they affirmed on vestment or trade, or by the ex- every possible occasion, and urged ceptional conditions peculiar to a
PROTECTION FOR NATIONS
BROADER INTEREST
At the same time it endeavoured on all nation the supreme need for particular area. to afford appropriate protection for a keeping alive. the practice of! American citizens and their inter-sound, fundamental principles in the relations between divilised pea- ests everywhere.
They had sought in recent ples.
moral in- months to exercise a fluence and to co-operate in every
H. M. S. PARTHIAN,
THE GLOUCESTER
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GOVERNMENT
Desires to Solve France Pressing Social Problems
The
Paris, March 18.
declaration governmental which was read in the Chamber yesterday by the Prime Minister.
Blum, and in the Senate by his deputy, Minister of National Defence Daladier, deplores that the formation of a government re- presenting all republican forces of the nation proved impossible but points out that the new Popular Front government will do every- thing la its
promote power to national union and to gather all the forces of the nation around itself.
With regard to foreign affairs. the declaration once more stresses France's love of peace.
"There is the much broader and more fundamental interest--which- He emphasised that there was is that the orderly processes of in- not the slightest intention of using ternational relationships should be American armed forces to police maintained. the world, and equally there was
"What is most of all at stake today not the slightest intention of aban-throughout the world is the fu- doning the deep concern for, and ture of the fundamental principies advocacy of, establishment every-which must be the foundation of "We will endeavour to maintain where of international order under international order, as opposed to and to strengthen the existing the law
on the well-re-International anarchy." cognised principles to which he had referred.
based
FRANCE'S AIMS
friendships of the alliances and
The declaration then stresses that the aim of France is to rally all the peace-loving countries of the world around the banner of collective secàrily,
Mr. Cordell Hull proceeded to re-sympathies," says the declaration fate the contentions of the "Isola- which points out that peace, hon tionists at any price" and said:
our and liberty have always been CONTRIBUTION TO PEACE
the cherished, possessions of the "The momentous question is whe-
French nation. They were profoundly convinced ther the doctrine of force shall be that the most effective contribu- come enthroned once more arid tion they, as a nation sincerely to bring inexorably in its wake devoted to the cause of peace, could international anarchy and the re- make in the tragic conditions of lapse into barbarism, or whether mankind today was to have the the peaceful nations, fervently at- the principles which United States respected throughout | tached to the world for its integrity. Justice, underlie international order, shali goodwill, strength, and unswerving work unceasingly to promote and loyalty to principles.
preserve law and order, morality and justice as the unshakeable bases of civilised international re-
Referring to the suggestion for a popular referendum on the subject of declaring war, Mr. Cordell Kull asked what warrant was there for the assumption. that the Chlef Executive and Congress would ever
iations.
ISOLATION IS INSECURITY
APPEAL TO NATION The declaration emphasises that ânancial, diplomatic and military problems today are closely inter- locked and that currency, credit and gold reserves are three equally important factors for the power of France.
After discussing the govern-
Mr. Hull depicted in striking ment's plans for bringing finances be more likely and more eager to language what the consequences in order and for settlement of embark on war than the general would be if the United States social problems," the declaration body of citizens,
turned its back on the whole pro- finally appeals to the nation to co- blem and declined contribution to operate with the government in On the other hand, the adoption its solution-how it would mean a solving these problems by main- of a referendum plan would hore-break with the country's past and talning discipline putting
lessly handicap the Government in its conduct of foreign relations.
upheave its foreign interests and domestic situation.
In the same way, dangerous from "Isolation does not mean security; the viewpoint of the preservation it is a fruitful source of insecurity,' of peace was the proposal that the be declared.
United States should retire from Concluding. the Secretary Di the Far East, comprising the chilef State eloquently outlined the alms portion of the Pacifle area.
ERRONEOUS VIEW
for which they were striving, the first of which was peace in a world in which the forces of militarism, "Unfortunately, many people in territorial aggression and interna-' this country wholly misunderstandtional anarchy would become ut. the position and policy of our Gov-terly. odious, revolting and in- ernment. in relation to that situa-tolerable to the conscience of man- tion.
Kind(Reuter).
PREMIER'S SILENCE
IRRITATES
COMMONS
London, March 17.
The refusal of Mr. Neville Chamberlain, Prime Minister, to be hurried into a declaration of international policy has irritat- ed the two oppostion parties. Labour and Liberals, and a num- ber of Government supporters, including Mr. Winston Churchill. who want a quick and bold declaration.
Nevertheless, it is learned on good authority that there is no truth in the reports of Cabinet dissensions at present.
to
Mr. Chamberlain is apparently immovably determined examine the whole possition in consultation with the Dominions and other countries before making & declaration that must be of first European importance-Reuter).
and before national welfare interests. (Transocean).
selish
German Laws For Austria
Berlin, March 18.
A series of laws relating to the union of Austria with Germany are published in the latest official gazette, issued yesterday,
to
re-
The first of these decrees is the Introduction of German legislation Into Austria,
Among the German laws which thus acquire validity in Austria laws relating the are "the national flag of Germany, the law of prohibiting formation or suscitation of political parties, the law relating to safeguarding the unity of the Party and the state. the enactment regarding the carrying out of the "four-year planı. the law which makes it compulsory for German nationals living abroad to enter their names in the con- sular register and the Reichs- Statthalter law. in which a rider is given to the effect that instruc- tions of the' German Minister of Justice to the Reichsstatthalter of Austria require..until further notice, the approval of the Get- man Minister of the Interior.
(Transocean).
M..
Y
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