1939-03-31 — Page 27

.

Friday,

HONGKONG TELEGRAPH

March 31, 1939.

GERMANY'S FINANCE PLAN

GAS MASK

THEN-AND-NOW

YUTH

British Tommies in Hongkong, in line with the rest of the army, are to have new lighter and more cam- fortabin battledress issued in the spring. The above pleture shows the 1917 style, and opposite the new. fashion, which has already bean tried out in Hongkong.

Union Church Whist Drive

in the

A whist drive was held Kowloon Union Church ball last evening under the auspices of the Women's Guild, when 12 tables were occupied, and Mr. A. Morton was the M. C.

Prize winners weref Ladics, 1. Mra.i Frazer, 2. Mrs. Thomson, Consola-i tion. Mrs. Matthews, Gentlemen, 1. Mr. Rowe, 2 Mrs. Moss (playing, as gentleman), Consolation. Mr. Curtis,

Rosemary Lane,

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Pictures, appearing

In "Four Daughters"

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WIRELESS RELAY SERVICES

London, Mar. 30.

DEFENDED

WILL PURSUE POLICY DESPITE CRITICISM

BERLIN, Mar. 30.

HERR WALTER FUNK, Reich Minister of Economy, address- ing the central committee of the Reichsbank to-day, dealt with the now finance plan, as well as with recent foreign criticism of German methods in the domain of international economie rélations,

According to the speaker, the too heavily encumbering the present criticism of German methods in order to provide means for the was attributable to their success, carrying out by the State of gigantic tasks, the profitableness of which All the proposals for the ra-could be fully perceptible only in the atoration of normal economic future. relations between the nations The object of the new finance plan must be based on the introduc-was fratly to place as far as possible tion of now methods, since the minish the load of Interest weigh- the burden on the future, secondly to foundations of world economy Ing on the State, and thirdly to re- have changed, and the newly open the money market to private strengthened national States de-borrowers, clined to be shackled by "inter-tant Germany would

Minister Funk concluded saying

continue to national gold automaticity" or pursue her financial polley

as fald international indebtedness.

down in the new plan "regardless of Minister Funk described Germany the mallgriant and uniformal critle- as being to-day the "greatest indus- Ism in foreign countries."-Trans- trial enuntry in the world in uniform Ocean.

sprice, nud expressed the opinion that close political and intellectual relations between Germany and Italy must lead to intensification of their economic co-operation,

UA un

JAPANESE HEAVILY

DEFEATED

EPOCH-MAKING AGREEMENT The speaker referred to the Ger man-Rumanian treaty of commerce

"epoch-making

economie agreement," and stressed that there could

be no question of liver bullets" or

or of politleal loans with un- conscionable rates of interest, or of exchange restrictions. Thanks to the treaty the "natural economle FOLLOWING the arival energics of both countries will be of General mobilised and methodically applied kwei's Kwangsi troops, the Chang Fat-

with a vlew Lo common achieve- ment."

SHEKKI, Mar. 21.

Japanese suffered heavy Germany, with her directed losses in the vicinity of economy safeguarded against a crisis, was in a position to guarantee her Kongmoon, and retired yes- Rumantan pariner exchange of goods terday evening, without sucking to acquire a mono- It is reported that the Japanese have re-occupied

at fixed prices for a long period,

poly.

and Yungki and Kweichow.--

The speaker continued to say that negotiations with England

France, with the aim of developing Reuter. trading relations had been interrupt- ed in consequence of the latest poli-

Questioned in the House of Com-tleal events in Central Europe, but

1,000 CASUALTIES

Macao, Mar, 31. The Chinese report the expulsion

mons to-day regarding wireless relay in the speaker's view, now that a newer the Japanese from Pakkul, claim- services, Major G. C. Tryon, the order had been established in Central ing that the Japanese suffered 1,000 Postmaster-General stated that there Europe, the necessity for continuing killed and wounded.

was scope for the provision of those negotiations was greater than services both by the relay companies and the Post Office service.

ever,

The speaker voleed the hope that

The Japanese re-occupied Yungiti and Kwelchow, but the districts of

Relay companies' leenees would be extended until December 31, 1049 sequestration by the British Govern-Chungshan and Sunwui have been entirely freed of Japanese.-Our Own subject to certain modifications in ment of funds belonging to a "coun- Correspondent. the programmes supplied to sub-ry which had been placed under the scribers and control in time of protectorale of the German Reich," emergency, when the companies shail would only be temporary, and added transmit local 4.R., and police an- that in Germany's opinion, private nouncements, and are liable to be property should be internationally connected by wire instead of wireless respected.

1

with the B.D.C. stations, in order to

STATE'S GUARANTEE

overcome the danger of enemy inter- Turning to the re-organisatoin of

A

ference.

the Reichsbank, Minister Funk ob- The Past Office will Introduce served that those shares of the banki service for the distribution of broad- which were now abroad would be east programmes over telephone repatriated and their foreign owners subscribers' lines used in conjunction with a wireless receiving set.

bably indemnified." In future,

Films For British Blue Jackets

London, Mar. 30.

or-

shares would not be The Royal Naval Film Corporation It would be possible to Elve A securities in the usual stock exchange which has been constituted to cholce of four programines.

meaning of the word. Questions of anise provision on board H.M. ships Major Tryon hoped that the service capital and dividends would be of Aim programmes for the lower would be started this year.-Reuter settled on the basis of a new bank deck, will be inaugurated next Tues- Special.

law at the next general meeting of day evening by the Duke of Kent at the Reichsbank, which would pro- Portsmouth

French Admiral Due To-day

bably be held in May.

that

The First Lord and members of the Board of the Admiralty will be

Alm

The speaker emphasised was not the bank, but the Govern- present.

of Leading representatives ment alone which would be respon- distributors, the press, and the ship- sible for currency. The economy of bullding Industry, who have material- Vice-Admiral,Le Bigo, Comman- the country was primary, der-in-Chief of the French

whereas ly assisted the corporation, will be Naval currency was only a secondary factor entertained to dinner by the Com Forces in the Fur East, will not or-The stability of currency depended mander-in-Chief at the Portsmouth rive in Hongkong until toter this on the stability of wages and prices. Royal Naval Barracks. afternoon us the flagship Lamottel and this would be ensured by the

After the Commander-in-Chief of 'Piquet has been held up outside the State.

the home Ficet will entertain a party harbour by the fog.

Discussing the Anancial methods on board H.M.S. Ark Royal when a Arrangements regarding his visit of the past few years, the speaker cinema programme will be shown.- and official calls are being nitered. void that those methods had erred by British Wireless.

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