1939-07-07 — Page 27

Friday,

HONGKONG TELEGRAPH

Enormous Credits For Armaments

£60,000,000

DEFENCE

TO BRITISH ALLIES

ON THE CONTINENT

LONDON, July 6.

A BILL for allotting trade and defence credits to Great Britain's allies in Eastern Europe was intro- the House of duced in Commons to-day, and was given a formal reading.

Referring to the new credita,

the

German "Diplomatische Politische Korrespondenz" anys that the mensure aligns itself in logical sequence to earlier Bri tish altempts to draw the great- est possible number of nations into Britain's military train.

Where Britain Wins

Not only those countries with whom England is bound by multani | guarantees security are to be militarlly strengthened through nour. ishment on British funds, but nations such as Rumanin and Greece, who have hitherto played a passive role in the encirclement network, will now be able to take a more netive; rolo.

They will be armed at Britain's expense.

German Spleen

BIG GOLD RESERVES

Whore Britain Boats The Totalitarians

Washington, July 0. The Federal Reserve Board disclosed to-day that Anglo- French sold eserves stand at U.6.35,215,000,000, as compared with the Italo-German-Japanese reserve of $222,000,000.

The Board revealed that Britain and France are build- ing subslantial gold stocks in Canada, Both Africa and Bri- in India, here totalled $305,- 000,000. at the end of March.

The British holdings were $3.449,000,000: French $2,700,- 000,000: United States, $10,100,000,000; Germany $29,- 000,000; Italy $193,000,000; Japan $104,000,000.

over

The Board added that the mine output inst year $1,116,983,000, which was near- by three times the out pul of

1920-United Press.

The paper says that while the funds are characterised as export credits, they are, In reality, nothing other their debts. thon artament credits. In any case British armaments Industry will pro- fit, and the British State, or rather

the Overseas Trade Guarantees Ell shows that it is proposed to increase from £10,000,000 to £00,000,000 (excluding Interest) the amount which may be guaranteed by the Government for non-commercial credits considered destrable In national interests.

The guarantees may be given only i to or for the beneßt of persons: carrying on bustness in Britain.

LOAN

Guerillas Attack Tsungfa

MARTIAL LAW IN CANTON

CANTON, July 7. SEVERAL SEVERE engage-

Most of the £90,000,000 ta aiready ments have occurred at Tsungin carmarked in connection with the during the past few days, accord- anti-aggression negotiations with ing to unconfirmed Chinese various countries, and will be reports reaching Canton. mostly used for the purchase of munitions and materials for in-

July 7, 1939,

FORTIFICATIONS

IN. TURKEY

BERLIN, July 6. THREE LINES of forti- fications pro to bo соп- structed in European Tur- kay, according to one nowi-

paper.

The first is north of Adrianopolis, the second is the so-called Ataturk Line, and the third tho old Tur- kish position at. Tahaldja Trans-Occun.

Paul McNutt Resigns Aspirations To U.S. Presidency?

WASHINGTON, July 6., MR. PAUL MCNUTT, High It is also stated that Chinese plain

Commissioner for the Philip- creasing the defence of the coun-clothes men clashed with the Japan-pines, after conferring with

the night of July 5. ese a short distance beyond Shaho on President Roosevelt to-day, announced that he is resigning within a few weeks.

teles concerned

All guarantees under the trade guarantees bill will be given on the authority of the Board of Trade. In an interview with "Reuter", a The Government has deelded lo Japanese military spokesman denied promote this legislation believed to have an important effect the presence of guerillas who had now as Itle the severe engagements, but admitted in stimulating export trade in the retreated. He said that Tsungfa was United Kingdom, particularly with occupied by the Japanese. countries at present hampered by economic difficulties

Transactions under the bill are purely of a trade nature and do not cover any loans or proposals of ionns which will be dealt with by the Treasury, and not, by the Board of Trade.

Governments

This morning Shakee presented a deserted appearance as an increased number of Japanese troops were patrolling the street as the hour up- pronched for the procession in con- nection with the second anniversary

of the war.

Mr. MeNuti, who is regarded as n 1940 said he saw no reason for his possible Presidential candidate for friends not to continue efforts secure for him the Democratle | nomination.-Reuter,

Socking Presidency?

lo

WASHINGTON, July 4. Mr. McNutt declined to reveal his line of political discussion,

"Give me an opportunity to keep The bill also provides that in the case of the issue of promissory notes of armed Chinese have filtered Into

It is, rumoured that a large number declared,

my mouth shut at this time", he equipment, are in a position to pay which, when

by the

concerned,

He gave no indication of his own guaranteed by the the city for the purpose of creating presidential aspirations being dimmed. The paper suggests that the coun-Board of Trade are sold on the mar- disturbances. tries which are to benefit under the et, the Board of Trade will be

Referring to third term questions, export credits will not be able to securities so guaranteed with

Martial law was declared at 10 President Roosevelt said he had not empowered to

o'clock this morning. equire and hold the tax payers will have to meet repay their debts--Trans-Ocean.

discussed whether Mr. McNutt will Interest payments until the individual

run for the other half of the Demo- money advanced by the Treasury Detalls Of Credits nations, thus nemed with British

cratic ticket in the event of Mr. of bill-Reuter Speelal.

under the powers conferred by the. As a result of stringent precautions,United Press.

Roosevelt running for president again, this morning's procession passed of without Incidents, and the Shakee Bund resumed its normat appearance

Artists' Guild

Starts Classes

The Hongkong Working Artists"] Guild announces this morning that it!

LONDON, July 6.-The text

the

Shakee Normal

'Underground' France To Release shortly after 11.30.

Broadcast

is now prepared to organise classes British Miners To

for basic drawing. There will be no age imit to enrolments, it is stated,

WASHINGTON, July 8.-'resident Roosevelt has signed the tory Bill.-United Press,

Mone-

Rosemary Lane,

ator of Warner Bros. Pictures, appearing In "Four Daughters"

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Appeal To Germans

LONDON, July 6. A MESSAGE from the British Mineworkers Federation to Ger- man miners will be sent through

Czech Funds

July

A section of the procession passed along Shakee Bund with less than 50 purticipants.

SPANIARDS' ESCAPE

GIBRALTAR,

A reliable eye-witness hus inform- BERLIN, and initherto blocked, have now been from the western direction and taken to-day. They were la an exhausted

0-Czechoed "Reuter" that he saw at least ten Slovakian funds deposited in France forry-loads of Japanese dead coming Spaniards swam ashore at Gibraltar July 6.--Sixteen the Franco-German trade agreement ably for burial, which seems to con- wards. released to Germany on the basis of eastward passing Tungshan, presum-condition, and one died soon after- signed on July,1, through which flem recent reports. of Sino-Japanese Franco-German commerce was regu- clashes in an

It is understood that they are ex- Jated until June 30, 1940.-Trans- Canton Ocean.

north-west of soldiers of the Republican army, who reported yesterday, were trying to escape from the Reuter.

country-Reuter.

aren

a secret underground broadcasted for by age patata dan mengetentiese vrste plinate alta cu volana aj vestensi ing station, according to decision 'renched at a conference

in Swansea.

#

The message says: "For years we have stood shoulder to shoulder against the exploitation of the miners of both countries. Since 1934 the German has been forced to relinquish his association with other miners, and the dictatorship has taken control,

"To-day we stand In donger of being forced into.s_similar..position.. to 1014.

The dictators, through a policy of aggression, are forcing nations to war. "We urge and plead with you to assist us in the fight against aggres- slon from whatever. country It may come. We declare faith in interna- lion solldarily, and we pledge support for your efforts to win back freedom in your own country."— Reuter,

Evacuation Of Children Camps Constructing In Britain

LONDON, July 6, THE MINISTER of Health stated in the House of Commons to-day that between 30 and 401 evacuation camps will be con- structed in England and Wales. They will be used as school camps in peace time.

Thirty sites have so far been found sultable.

The construction of four

camps

has started, and it is hoped that seven more will be begun within a fortnight.

It is anticipated that the first comp will be completed by the August-Reuter.

end of

Taxi Strike Threat

In Gay Paree

PARIS, July 6-Toxixirivers in T'oris threaten to go on strike on August 1. Various undertakings owning taxicabs have announced that The collective agreement with the drivers will be terminated unt

date.

of

The owners wish to Increase the tariffs to compensate for iosses in- curred owing to the decrease traffe, whereas the drivers, including driver-owners, fear that such an in- crease will have the result of still Eurther dintinishing the trade.

Unicas, an agreement is renched before August 1, taxi-cab trufe in Paris on that day will be paralysed.

Trans-Ocean,

Every FRAM.

FLASH!

ANOTHER

SCOOP!

New MARCH OF TIME!

A MAGNIFICENT, TIMELY SUBJECT, PRESENTED

IN AN IMPARTIAL AND FORCEFUL MANNER.

MASTER OF

JAPAN: THE ORIENT?

THE SCREEN HAS NEVER TOLD A STORY LIKE THIS BEFORE MORE REVEALING THAN ANYTHING YOU HAVE READ

ON THE FAR EASTERN SITUATION

UNQUESTIONABLY. THE MASTERPIECE OF

PICTORIAL JOURNALISM

SEE... FIRST UNCENSORED PICTURES FROM JAPAN !

LEARN... WHO IS THE DICTATOR IN JAPAN AND JAPAN'S PART

IN THE ROME-BERLIN-TOKYO AXIS !

LEARN...

HOW GENERALISSIMO CHIANG KAI SHEK'S LOYAL AND INEXHAUSTIBLE FORCES ARE DRAINING JAPAN'S RESOURCES !

SEE... WHY MANCHUKUO IS STILL A LIABILITY TO JAPAN I

A SUBJECT THAT MUST NOT BE MISSED!

SHOWING FROM TO-DAY AT

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with RKO Radio's "PANAMA LADY"

A GRIPPING ACTION DRAMA OF THE SOUTH AMERICAN JUNGLES STARRING ALLAN LANE & LUCILLE BALL

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