1938-12-13 — Page 27

Tuesday

HONGKONG : TELEGRAPH

December 13, 1938.

BRITAIN'S TRADE

REVIVAL

Encouraging Signs Revealed

U.S. Ambassador

Starts Trip Back Home

Chungking, Dec. 13.

The U.H. Ambassador, Mr. Nelson Johnson, departed by car for Kunming, the capital of Yunnan, en route to Washington where he will report to Pre- kident Roosevelt the latest Blu- ation in China.

The Chinese press attaches mach Importance to Mr. John- son's departure.-Renter.

British Air

Lines To Be Subsidised

£100,000 A Year To Be Set Aside

RETAIL SALES

GO UP

Sir John Simon's Speech

London, Dec. 12. SIGNS OF trade recovery were examined by the Chancellor of the Exchequer in a speech at a luncheon of the National Union of Manufacturers. Sir John Simon said that with the interna- tional situation so troubled and uncertain as at present, oven limited indications of improve- | ments were doubly significant and

encouraging.

He referred to the ring of whole- sale prices in the non-ferrous metals class between June and October and sald so considerable a change could nut be

attributed entirely to the fail

Lontion. Dec. 12. in sterling A steady fine In the With reference to the recent index of industrial netivity in the Government announcement that ⠀ United States was more than a re- was intended that part thevival of the stock and share markets. increased subsidy authorised by the

un industrial represented Industrial quicken- Air Navigation Financial Provisions!

which was bound to have re- Act of 1939 should be earmarked for

on world 105 oregetons on

trade. a period of five years for the purpose "Figures for our own industrial

of subsidising internal air lines activity. when due allowance 19 White Paper states 11 is DOW pro made for the time-lag are also show-

is beginning to benefit by the up- ward movement”

jused to make available a sum nosing signs that the United Kingdom exceeding £100,000 in any one year of the period for payment of subsidy under uniformi agreements; to be entered Into with certnla operating companies.

Meanwhile the Air Minister, Sir Kingsley Wond, to-day" began a tour of leading aircraft flims in Britain by inspectingg the works Armstrong, Whitworth Alreraft, and Armstrong, Siddeley Mutors. Coventry.

of

at

Another sign from which encour- agement might be drawn was the fart that daily retail sales had i7- creased by about 25 per cent, this 1937. There compared with year

between no comparison could be our ability to withstand and tide and over a trade selback to lay, aur defenceless position in the crisis: of 1931.

In the interval the Government

Speaking to the press, be express | had taken effective steps to secure ed satisfaction at the Increased and the home market. They had main- increasing production. This, he said, tained the purchasing power of their was gratifying because he bellevedo

consumers by a policy of cheap Everything depended on

noney.

that with our increasing strength in ot the air we should void British Wireless.

war. maintaining a feeling of confidence. and the greatest contribution the Government could make by conduct

Canton Mail

Via Formosa

Japanese

It is learned from the Consulate General that the Past; Office in Canton city, controlled by the Japanese. Is despatching 223all

stamped with Chinese stamps,

ofi

which there is an abundance.

Both outward and Joward mails Mara,

are carried by the Canton

Formosh and Hongkong.

which plies twice monthly between

Letters from Canion -atre pre-

of its policy was to build up that rense of confidence.-British Wireless.

British Jews And German Decrees

May Be Affected

London, Dec. 12.

had

FOREIGNERS

GIVE PARTY

UFS

Members of the International Brigade who have been fighting with the Loyalists in Spain give a tarewell party to children, near the front lines, before leaving for home. distributed.

Cakes and toys are being

Chamberlain Keeps Mum

On His Rome Intentions

London, Dec. 12.

The approaching visit to Rome of the Prime Ahuster and the Foreign Secretary was the subject of questions in the House of Commons. The Prime Minister said he was not prepared to give assurances beforehand as to what he would, or would not, agree to In the discussions there, and he added that as he had already Informed the House of Commons, his visit was primarily intended to make personal contact with Signor Mussolini,

If any agreement should be entered into in the course of the conversations, it would be submitted to the House of Commons for discussion.-British Wireless.

Significance Is Seen

In Schacht's Visit To Montague Norman

Berlin, Dec. 12.

IT IS SEMI-OFFICIALLY announced that Dr. Schacht, Presi- dont of the Reichsbank will pay a private visit to Mr. Montague Norman, Governor of the Bank of England, this week.

Big Italian Concentration In Libya

While British R.A.F. Recruits Increase

London, Dec. 12.

The Under-Secretary for Foreign Affairs, Mr. R. A. Butler, said in the House of Commons that the Italian forces in Libya consisted in March, and still consists, of two army corps cach of two divisions and of equivalent division of native troops. Owing to the fact that reliefs had been in progress, he could not state the strength of

of these formations, but there was good reason to beleve that signature to the Anglo-Italian #greement of April 16, had been followed by marked reduction in the number of effectives.

Meanwhile the Air Ministry an- nounces that 612 recruits joined the Royal

during the past Air Force week, compared with 221 in the of just year. corresponding week

Library, Supreme Cour

3.

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This brings the total acceptances of Mawawan plots, observers, airmen, and boys since April 1, 1938, to 21,040, as com-

It is added that the visit will follow the monthly meeting (pared with 10,081 for the correspond- which began to-day, of the Bank of International Settlements ating period of last year-British Wire- Basle, of which Mr. Montague Norman is Director.

Dr. Schacht's impending visit to agreement is worth while unless London is result of arrangements there is included in its scope not only which began sometime ago between direct trading relations between the The Prime Minister, replying to Mr. Norman and Dr. Schacht per-two countries, but also their respec-

according to Reuter's tive positions in the world markets, sumably inken by air to Formosa ja House of Conimoms question as to sobally,

Germany, however, is believed to and brought from there by the the extent to which the new German Diplomalle Correspondent.

There is no oficial information re- wish to confine the discussions within Canton Maru, which undertakes to decrees concerning Jewish property carry letters from Hongkong

to might affect British subjects, suldarding the subjects being discussed the more narrow limits of the two Formosa for delivery in Canton.

Secretary

but no startling outcome is antici- countries' direct trade. that the Foreign

not The

recs,pated. Japanese agree that there has received full details of these decrees,

It is considered possible that Dr. wide area will doubtless be been idle use of this service so far but he understood that certain ond add that the Canton Maru's mail sections of the order of December 3, covered and it is thought that Dr. Schacht's visit may be partly design- to date has been outward Canton-mostly from the Japanese to Jews of foreign, as well as Germining the financial conditions of Jewish two diverging views though it is from regarding Jewish property applied Schacht may make some offer regarded to bridge the gap between the and other refugees who are evacuating possible that the talles may merely themselves.

nationality.

concern many rouline matters arising The Post Office is unable to make His Majesty's Charge d'Affaires in Germany.

The day of Dr. Schacht's arrival is between the central banks in Britain any statement on the position, though Berlin at the time of the recent anti-

and Germany.---Reuter. they say they have not handled such Jewish disorders drew the attention not announced, but it is believed to mail from the Canten Maru yet.

be Wednesday. of the German Government to the

In city circles. the visit is arousing rights of British subjects in Germany. His Majesty's Government intended the keenest interest and much con- to do all in its power to protect Jecture.

subjects in

Flagship Due In

the interests of British that country. irrespective of race, religion, or

or place of residence, and

According to recent reports in British newspapers, informal conver sations have been proceeding for some

Hongkong Monday is Majesty's Charge d'Affaires was nonths through unofficial but recog

H.E.

now being instructed, in view of the the Commander-in-Chief, | latest developments to seek assur- Vice-Admiral Sir Percy Noble, is due|ances regarding the treatment of

nised channels for a new Anglo- German trade agreement.

During these exploratory talks,

back from Shanghai aboard his flag-British subjects of the Jewish race, faccording to the "Finuncial News," ship, H.M.S. Kent on Monday.

-British Wireless.

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the British attitude has been that no

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What Memel

Election Proves

Stock Market Trend Easy In London

London, Dec. 12. An easier trend persisted during

inost of the session on the London Stock Exchange to-day owing to lack of support, but a better feeling was evidenced after the opening of Wall Street when Internationals led other groups in a modest improvement.

Gold minings were marked down st the outset on the unrealised anticipation of Continental seiling but they subsequently rallied.

Among, commodities, cotton was firm, with scarcity of olfers.

On the foreign ex anges was a small but persistent continental buying of dollars which necessitated official support both sterling and the franc.

Wall Street was steady.-Reuter Special.

EXCHANGE

Selling

Berlin, Dec. 12. The newspapers assert that the result of the Memel elections is "a unanimous acknowledgment of the adherence of the Memel population to the German nation." The "Diploma- sche Correspondenz" writes: "The result of the elections was a surprise T.T. London only to those who have often proved Demand portentiously wrong psychologists. T.T. Shanghai The attitude of the Lithuanfan T.T. Singapore Government towards the new ex-1.1. Japan pression of will in Memelland is T.T. Indla decisive for its future development." T.T.. USA.

TT. Manilo The "Hamburger Fremdenblatt"

T.T. "Bangkok says that the Memel question can only T.T. Batavia be solved in a spirit of self-TT. Saigon determination which is a matter for T.T. France man-lo-man Inlice between those TT. Germany

T.T. Switzerland

directly concerned.

An inspired statement issued from TT. Australia a German quarter to the foreign press

Buying describes the visits of the British 4 m/s L/c London Charge d'Affaire and the French Am-14 m/c D/p do. bassador to the Foreign Offico na “a 4 m/s Lc U.S.A. routine visit.”—Reuter.

Refugee Children Arrive In England

4 m/s Franco 20 d/s India

U.S. Cross rate in London

there

15. 2% .15. 2%

175 Nom.

.53%

100%

.83

,20%

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MRS. CHESTERTON DEAD

London, Dec. 12. The death is announced of Mrs. Chesterton, widow of the late Mr. G. K Chesterton, the famous author.----

London, Dec. 12. Five hundred-and two children from Vienna have arrived in Har-Reuter. wich.

This is the second Instalment of child refugees from Germany Austria who are being taken care of

and

| by British refugee committees.,

Three hundred more from Berlin pre expected to arrive to-morrow, Router,

CRUISER LEAVING

11.M.S. Dorsetshire will be leaving in a few days on a voyage to the north.

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