1939-03-10 — Page 26

Friday,

HONGKONG TELEGRAPH

DEATH BLOW TO FOREIGN Disarming

TRADE IN NORTH CHINA

Loan To China

CHINESE PRESS IS JUBILANT

ANNOUNCEMENT of the subscription of £5,000,000 to the joint currency stabilization fund for China by the Hongkong and Shanghai Banking Corporation

,

Effect Of New

Exchange

Regulations

SHANGHAI, Mar. 10.-

FOREIGN TRADE in North China will receive a death and Chartered Bank is greatly blow with the invocation of the new Japanese sponsored welcomed in the local Chinese exchange regulations to-morrow bringing parts of North

China within the Manchukuo-Japan yen bloc.

Рген

The new regulations outlaw The regulations arbitrarily set the The Ta Kung Pao declares in its! leader this morning that the political the official Chinese currency value of the Federal Reserve notes: sent legal Chinese currency rate of littleance of the British loans to which the Japanese sponsoredt 15. d. compared with the pre- Provisional Govern-ad, which is consequently disastrous China is for beyond their financiul ur Peiping economie importance. The Brishment's Federal Reserve notes to foreign exporters, particularly on outalanding contracts on which they toans, says the paper, in further sate-jare replacing.

face a 75 per cent. loss. guarding with the Chinese Govern- of Chinese ment Die Convertibility currency for foreign trade transae- tions, are directly strengthening the fighting power of China in her pre- seatvor of resistance.

In comparing the Introduction of the law by the Japanese Government yesterday to the Diet niining at the indiation of Japanese bank-notes, will nnnowicement of the British loans to China, the paper asks which indicates the ayipton of defeat.

The latter are practically worthless in international exchange, therefore North China trade will be reduced at least to a barter basis.

measures in

to

treaty

In an editorial to-day, the Ameri- can owned "Shanghal Evening Post" says: "The issue is now clearly up 10 the Western Powers. Will they However, additional export and accept this knock-out blow from Import restrictions designed to benc-China's invaders or the Illegal "pup- fit Japan'a

wartime economy are ex- pet" regime subject to the invader's ented to make possible foreign will? If they are, then the foreign traders' dealing with either North trade postion is hopeless. None can China importers or exporters.

possibly survive under such treat- The effectiveness of the Japanese ment which is contrary

in excluding foreign trade silpulations and every principle of has been proven in Manchukun-and fair play. Here, decidedly, is the more recently in Cheefoo and Tsing- test whether the Western world in

preliminary tends to see their trade vanish under Painting at that the present Sino-tao which served as a Japanere hostillies have come to the North Chlan

ground and a policy of fullie protests, or take stage that cemomie struggle is mure where foreign business has already some sort of stand firm enough to

military operation,

vive traders a fighting chance."- The been successfully bulted. vital thun Slug Tas Ji Pao states that the re- The Japanese-sponsored restrictions United Press. peated British and American financial ore in direct defiance to the British, assistances to China should make the French and Amercian protests against Japanese militarists understand now the same measures when they were the chance to beat China to kneel experimentally applied In Cheloo and on her knees" is fading farther and Tsingtao last year. farther away.

testing

They will mean an annual fess off United States trate estimated at

$60,000,000. All exchange transac- Yokohama Specie bank.

to Tokya

of foreign exchange

Germans' Antarctic Discovery

Berlin, Mur. 9.

March 10, 1939.

Franco's

By Whole Good Faith World Is Questioned

In Lords

Envisaged

LONDON, Mar. 9.

THE possibility of discussions by the Powers regarding Als- armament is belog canvassed in political circles in view of the Improvement in the internation- al situation.

It is felt that if the differences between Italy and France can -be resolved-and there is no reason to believe they are in- capable of settlement in friendly manner--then the at- mosphere would be favourable for such an attempt.

1

The effects of achieving even" a limited agreement as regarda disarmament would, it is be- loved, tend towards a further improvement of the general' international slination, with the restoration of general confdezco which would favour revival of International trade.

As regards trade, it is pointed out that the forthcoming visit of Mr. Oliver Stanley, President of the Board of Trade, to Germany Is regarded there as a matter of some importance, as oro also the British present talks between

and

Gernian Industrialists.—— Reuter Special.

Czecho-Slovak

Army To Be Reorganised

Sweeping Changes Are Indicated

LONDON, Mar. 9.

IN THE COURSE of his speech in the House of Lords replying to the debate on Spain raised by Lord Snell, who cri- ticised the Government's policy as having favoured General Franco throughout, the Foreign Secretary referred to the sug gestions made by Lord Snell and others, that assurances. given by General Franco as to the future independence of Spain were worthless.

Lord Halifax said everyone in Great Britain attached importance to the maintenance of the independence of Spanish territory. His Majesty's Government took the view that us- surances on this point had been given In good faith and would be fulfiled in good faith.

"I do not hesitate to say" added Lord Halifax, "that if the contrary lever proves to be the case, then a {very serious situation will arise."

But the Spanish people were a proud race which would not mort- gage the Independence or Integrity of their country to any foreign Power.

The Foreign Secretary also an- nounced, in connection with Spanish refugee camps In southeastern France, that he had just heard thai the French Government, would wel- come the assistance of the British in helping to maintain the refugees through the agency of the British Red Cross Society ord that the Bri- tish Government would recordingly nice a substantial Krant to the Society for* that purpose.-British

Prague. Mar. D. Czecho-Slovakin is about to com-Wireless, plete the reorganisation of her army. Sweeping changes are being made in the

high command, rendered. necessary by the reduction in the size of the country. The plun Indopted, according to the newspapers | bere, Is to divide the Army into three groups, corresponding with the racial divisions of the federal territory.

with have to leave the army.

Bitter Attack On America

is the

This would mean that Slovakia and possibly Ruthenis would be While unanimously acknowledging

allowed to have their own national the British fanmcial support. ions must be negotiated through the

armies, but with retention of the

Berlin, Mar. 9. vernacular papers however urge the

Supreme Command for the whole What is regarded in American British Government in double and

Czecho-Slovakian Army in Prague. vircles as one of the bitterest attacks intensify her pressure agalusi Japan

AMERICAN PROTESTS

One of the malar problems arising ever launched on the United States in order to obtain an early and just settlement of the Far Eastern conflict. When this system was introduced!

The discovery of about 135 square out of this reorganisations is that by a responsible. German, was made In Tsingtao last year

the German Abademy by the United! Great Britain must take more pri-States Secretary of State, Mr. Co miles of the Antaretle Continent is of finding employment for the large before

reported to have been made by Cap-number of offlers of all ranks who General Wilhelin Faupel, Ambassa increasing de Hull. protested tive actions against the

It is dor to Nationalist Spain in 1937. tair Ritscher, the German Japanese Invasion of China and the Detober 6.

Polar intended to transfer these persons to Deglaring that the one danger unabated encroachment on British Control

and airman, who left Ham the civil service. Some of them will confronting Latin America explorer: burg for the Antarctic board the rights and interests in the country, in transizctions gives contrul of trade Lufthansa inatorship Schwabenland be placed in charge of the labour Unitel States, Generai Faupel udded acdition in loans to Chini, appeals, and commercial enterprise and its

in December last, with 80 men, in-attalions, while others will attend that the Linia conference was a the Ta Kung Pao.

Exercise, either directly or indirectly

Suites generally, and the Reich in particular. "Ar a penalty for her aggression by the Japanese authorities if the cluding geiratists, explorers, airinen, al courses to be trained for a grand-scale attack on the Totalitarian and for the common interests of exchange control in North China and mechanics.

The land is stated to be situated

German China war Cacat Britain, we hope the should place those authorities in the between 5 deg. West and 15 deg. British Government will

Monroe Doctrine, take up position, will greatly

General Faupel insisted, speaking in the sharp military tones of a Prussian general, was nothing more than the elim by the United States for the domination-of-the-Western-Hemis-

nctions with other Powers, which fon between de free East longitude, and extends inland

Јарап,

and the In that have interests in the Far East, against

States that arco," he said, similar protest, Mr. Hull lodged Japs in accordance with the League resolution, so that the principles of but in vain, on December 31. the Nine-Power Pact which were The new restrictions are not only reiterated in the Amerless and Bri-ja deadly blow to foreign traders but tish notes to Japan in December and also to fursign Bankes which hitherto January last may be fulfilled," con-have been mainly engaged in foreign ehides the paper.

jexchange.

RECORDS! Look down this List you will find something you like

F.T.

to

about 75 deg. South latitude.

It was thoroughly explored from planes, including mountains of over 3,500 feet, and a central Polar massif

over 4,700 feet.

new vocation-Trans-Ocean,

CHUNGKING OFFER TO

The Schwabenland is returning S’HAI JEWS

and has passed Cape Town,

While the Schwabenian was en route to the Antarctic a Norwegian decree was published on January. 14

Shanghai, Mar, 10. Leading member of the Chinese cinming Norwegian sovereignty over Propaganda Department, and bio-

He denunded wholesale counter-propaganda.

The

phere.

Its history was "one vast enintague of Imperialistic designs on other peoples"-Reuter Special,

a large stretch of the Antarctic Con-grapher of Generalissimo Chang Imperial Airways

tinent, including the part now ex- Kai-shek, Mr. Hollington Tong, in plored by Captain Ritscher, but telegraphic message addressed to the Germany claims that this part has Shanghat Jewish Committee from never been stepped on or even flowns Chungking, has made the proposal Billy Cotton & His Orch. over by Norwegians. Reuter that Jews should settle in the North- west and South-west provinces of Special.

Ching.

About 4,000 to 5,000 Jews would

9464-Garden In Granada.

Colorado Sunset. Waliz 9473-Day Dreaming. (“Gay Impostars".) F.T.

I Wanna Go Back To Ball, F.T. .Oscar Robin & His Romany Band. 0301-Lambeth Walk. ("Me & My Girl".) {Strict Dance Tempo.)

Palais Glides

9477-Good-Night, Little Skipper,

Honey Chile

Maxwell Stewart's Ballroom Orech Gambling Monopoly

Denny Dennis,

F1289 Chestnut Tree, ('Neath the Spreading Chestnut Tree.)

Trek Song. {"We're Going To Be Rich"}

Victor Silvester & His Ballroom Orchi F1304 Two Steepy People, ("Thanks for the Memory".) S.F.T.

In Canton

an-

Summer's End, Q.S.......Victor Silvester & 11is Ballroom Orth, Chinese syndicate, known as the Yip F1320-You're Lovely Madame. ("Stranded In Farie".) F.T.

What Have You You Gol That Gets Me. F.T.

+

Canton, Mar. 10. After keen competition, big

Shing Company, is officially nounced to have succeeded In securing the gambling monopoly for Kay Kyser & His Orch. Canton, bids for which were recent ly invited.

for the offered amount monopoly is not disclosed,

In accordance with the new re-

F1321 Lovn's Old Sweet Melody. F.T.

Any Broken Hearts To Mend. F.T.

The Orgon, The Dance Band & Me R2612-Cail Of The Delta. (Rhythm Style,)

Shanghai Shuffle...Buster Balley & His Seven Chocolate Dandles.

etc..

etc.,

etc..

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Marina House,

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Plane Damaged

London, Mar. 10. The Imperial Airways flying-boat Carpentaria, Aying from Britain to Australla, was damaged in a collision with a Chinese junk while moored on Since, however, in the districts the river at Bangkok. mentioned, agriculture is the main It is learned from Imperial Airways occupation, and Jews are not partiin London that the Carpentaria will cularly adapted for this work, he be taken out of the normal service Chinese proposal will not perhaps be pending minor repairs. feasible. The Shanghai Jewish Com- mittee has not yet answered the proposal-Trans-Ocean.

Patrols Out In Tientsin

Tientsin, Mar. 10.

•

PASSENGERS FROM AUSTRALIA The following Passengers arrived from Austra this morning by the s.s. Taiping:

Mr. N. Brandel, r. C. W. J. Barker, Mr. and Mrs H. Cotterall, Mr. A. H. Fenwick, Mrs. M. Gifford,

nulations of the Peace Prezervation British troops are patrolling the Mr. and Mrs. 13. A. Gruce, Lleut. F. Committee, gambling houses will in Concession perimeter here in anti-R. Hoen, Mr. R. E. Holden, Mrs. E. future, be only allowed to operatecipation of acts of terrorism coin- Longfield-Lloyd, Miss C. Lingo, in five speelfiet districts, including eldent with the Japanese change in Miss M. G. Ming, Mr. S. Chunglum, Honam Island und Talho Road, scene the regulations.

Mr. G. Palmer, Miss E. Paredez, Mr.

of one of the city's largest loot The situation is quiet, but tenise-3. G. Stuart, Mr. and Mrs. T. M.

Thompson. markets-Reuter,

United Press,

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