1939-05-12 — Page 26

Friday

HONGKONG TELEGRAPH

May 12, 1939.

Turkey Joins Peace Front

LONDON, May 11.

BRITAIN AND TURKEY have reached a complete agreement on all matters of principle, "Reuter's" diplomatic, correspondent learns.

As France is working for a simllar, or identical agreement, it is possible that the pact may be tripartite. -Reuter.

Turkey And France PARIS, May 11-It has been out thoritatively stated that

an agree-

ment in principle has been reached between France and Turkey.

It will be decided to-morrow whe- ther A tri-partite accord will be made between England, France and Turkey, or whother two separate ac- cords will be made with Turkey- United Press.

Announcement Soon

LONDON, May 12-Announcement of the conclusion of an Anglo-Turkish agreement is expected to be made in the House of Commons to-morrow.

It is expected to be of similar form

to the Anglo-Polish pact.

It is not expected that Mr. Cham- berlain will reveal more than the main lines of the agreement,--Trans-Ocean.

Threo-Power Pact

PARIS, May 11-An Anglo French-Turkish guarantee pact was concluded to-day, it was staled in the Qual d'Orsay,

Informed quarters are not in pos-; casion of any further information beyond the fact that the agreement had been concluded,

It is confirmed, however, that the question of the Sanjak of Alexandreita is not dealt with in this pact, but will be treated in a special agreement.- Trans-Ocean.

Bonnet To Visit

Colo

SHADOW

OF JAPAN

OVER EMPIRE ROUTES

LONDON SEES NEW EMPIRE THREAT

JAPAN BUILDS SECRET NAVY

By H. C. FERRABY

THE SEABOARD from just south of Vladivostok down to French Indo-China is under the control of the Japanese Fleet, said Mr. Alexander, a former First Lord of the Admiralty, in the debate on the Navy Estimates.

There he touched on one of the vital influences in world politics to-day.

CHINA

Tokyo

PACIFIC

OCEAN

INDIA

INDIAN OCEAN

AUSTRA

Sydney

BRITAIN AT THE NEW YORK WORLD FAIR

NEW YORK, May 11-The British pavilion is the largest London To-morrow in the New York World's Fair, which will be formally opened to- and one of the most striking of the many costly foreign exhibits

PARIS,

May 11-M.

morrow. Georges Bonnet, Foreign Minister, who plans

1

Behind the scenes for months past the Far Eastern factor has carried, enormous weight. All students of naval affairs know that the Japanese Navy, with its power to damage British sea- borne trade in the vast triangle of ocean between Sydney, Hong- kong and Colombo, is an element our strategists cannot

that ignore.

It is one more proof of the in- Quence of sea power on history that

SPANISH

THREAT

AGAINST

FRANCE

they could not talk of Czecho- New Move Worries

Slovakia without thinking of Japan. The most closely guarded secrets in the world are the facts about the Japanese Navy,

Since she withdrew from the inter- national agreement to limit warship building, Japan has drawn such n cordon round her dockyards that the secret service agents of the world have been able to glean little but unimportant items of news here and

there.

More Details

Secret service work in Japan is intensely difficult at all times for the European.

It was a Latin Intelligence officer who gave Europe the first authentic details about the new Japanese 42,000-ton battleships.

Great Britain

PARIS, May 11.

Spanish National Government IT IS understood that the

has threatened to break off relations with France on the grounds that France is unduly delaying the fulfilment of the agreement providing a basis for the exchange of ambassadors.

to

Marshal Petain, French Ambassador

This threat has bech 'made to Spain, and also to the Duke of Alba in London.

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SAL

The Spanish Ambassador in Paris is scheduled to attend the. May victory porode in Madrid.

It has been intimated that unless France makes some re-assurance to For some time the report was un-the Spanish Government before he corroborated from any other source, departs for Madrid, the Ambassador limit to which we might build raised and the British Government were will not return to Paris-United unwilling to take action to get the Prc33.

from 35,000 tons to 45,000.

Disturbing Reports

The news

will remain in Eogland for some time rose-leaf bowl to Mayor La Guardiston's family tree, showing how he tion treaty so far as battleships were taneously with reports calculated 10

to By to Southampton on Saturday to Hudson,

To mark the occasion, Mr. R. S. and night, and is insured for £100,- America succeeded in getting more attend a meeting of the English Trade, will present a silver gift of a

Secretary for Overseas 000,

detalls, and last year the Powers.

PARIS, May 11.. The pavilion also contains Washing agreed to alter the existing milta-relations with Spain came simul-

of tension Chapter of the

In French Alliance Francaise,

descended from King John. There concerned, since he will have more time at his on behalf of London. disposal as a result of the postpone-

seriously disturb France and Britain. ore replicas of the Crown Jewels, be- The pavilion is the largest Britain sides models of British towns, and ment of the League Council meeting. has

Britain and the United States and Spain have agreed to negotiate a Firstly, I is reported that Germany ever contributed to an inter-photographs showing the life and promptly M. Bonnet will probably remain national exhibition. It occupies a work of the peoples of the British vessels that would be equal to the

produced designs for trade agreement, in England during Sunday. It is not dominating position, and contains a Empire. known whether he

new Japanese type, and two, the will interview copy of the Magna Carta, enclosed in Viscount Halifax during the week-u bullet-proof, burglar-proof, and is giving concerts in the garden of ordered for our Flect.

and Temeraire, have The band of the Coldstream Guards Lion end-Trans-Ocean.

fire-proof case, which is guarded day the pavillon.-Reuter.

But what is Japan building besides some 42,000-ton battleships?

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TO-DAY

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GOING ... GOING

GONE!

6-Year Plan

been

new Italo-German military alliance.

Secondly Spain might join the Field Marshal Goering left San Remo last Tuesday, it is reported, to negotiate with the Spanish leaders at Valencia,

Meanwhile M. Daladier har ordered all Government departments No Agures have 50 for been to hasten to fulfil all French obliga- published unywhere, but "from tions under her agreement with Information received" I am going to Spain-Unlied Press.

that

put forward the suggestion Japan has a six-year programme in hand, and that this is approximately what she is likely to bulld

5 battleships.

8 10,000-ton cruisers.

10-light-cruisers.

2 aircraft carriers.

32 destroyers.

12 submarines.

It is only in the last few days that Tokyo even admitted that such a thing as a Six-Year Plan exists. No details were made pubile, and the Japanese admiralty were careful not to Indicate when the plan began.

Actually, there is good reason to believe that it was launched in 1937, and that it is, in fact, Japan's reply to the

British rearmament pro-

of the battleships are already under construction. They are the 42,000-tonners which led to revision of the limitation treaty. Two more were to be laid down -last year. They probably were. The whole programme 1s to be completed by 1943.

That is the year in which the ex-1 pansion of British naval material should make possible the creation of an Imperial British Eastern Fleet,

The defence authorities of New Zealand, Australia, and the horne country met recently to co-ordinate plans for defence east of Colombe. The Eastern Ficet must be part of those plans. And Japan means to be ready for it.

Such i

force as I have outlined above is stronger in certain types of allps than anything that Britain could hope to send for service in tie East without a vast increase in our prezent programme.

It is important to note that Japan's ofcial attitude on the question of Blect expansion Is that she must "maintain a naval strength sufficient to meet the largest naval force which any single foreign Power would be The Six-Year Plan does that and no more, but if the Admiralty dedi- sion that the battleships of the Royal Sovereign class are to be scrapped ofter 1943 as no longer fit for service is well founded, we may be delayed another Ave years in forming our Eastern Fleet.

In the meantime the Six-Year Plan will have Increased Japan's power to damage our interests in those waters. ·

Sinc we denounced the Anglo- Japanese Treaty in 1021 the balance of power in the Far East has shifted 10 our disadvantage. To-day the Japanese Navy, instead of being, an our side, is linked with Germany

C

STOCK MARKET REPORT

Hongkong Stock Exchange Omeial Summary issued yesterday says.

Business was on a restricted scale with bargain hunters still unsatisfied. Buyers still predominate and prices again show a slight advance.

Buyer Hongkong Bank $1,330, Canton Insurance $230. Union Insurance $420 II.K. Fire Insurance $180. H.K. and K. Wnarves $101. H.K. Docks $17.

Providents $4.65.

H. and S. Hotels $5. H.K. Lands $334. Humphreys $7. H.K. Realties $4.35. Star Ferries $03.

China Lights (Old) $8.30. Macho Electrics $10.00. Telephones (Old) $23:00. Telephones (New) $74. Canton ices $1. Cements

HK

$12

H.K. Roper $3.65.

Dairy Farms Ex Rts. $21. Dairy Fatin

Rights $15.10. Watsons $74.

Wing On (II.K.) $46. Entertainments $0.55.

Vibro Piling $8.

II.K. Govt. 4 Loon 34% prem. HK Govt. 3 Loan par.

Sellers China Lights (New) $32. 11.K. Elcetrics $564. Telephones (Old) $24. Watsons $7.05.

Sales Hongkong Bank $1,305. Canton Insurance $232. Union Insurance $497. H.K. Docks $17. Providents $4.05. Raubs $0.10.

H. & S. Hotels $5.00.

Ferries (Old) $22.00/.70. ones (Old) $23.80.

Watsons $74.

Vibro

Piling $8. Antamoks 31.

Atolts .31.

Bagula Gold 24.

Benguet Consolidated 11.60. Coco Grove, 38,

Consolidated Mines,803.. Demonstrations .134.. I.X.L. 02.

Paracale Gumous -15% San Mauricio 1.08. Suyac .16.

United Paracates .59.

Milas. T. Chang, of Babington Paul, Senate has passed a bill empowering WARSAW, May 11-The Polish hid her handbag, containing money the President, to rule by decree until and arietes to the value of $09.50, the next brdinary meeting of Parlia matched from her in Bosham Road ment, conferring on him extraordin near King's College last evening, ery financial powers for defence. The man, succeeded in escaping. ·Reuter,

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