1941-07-23 — Page 8

...8..

Wednesday,

HONGKONG TELEGRAPH

July 23, 1941.

#

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Exneužíva Producer Sai M, Wurtzel Deputed by Eugene Fardo • Screen Flee Suntor Trak adlaster Lifting + Eased an a Lazy by Peter Bren and thermon Martin A 2018 Century-Can PictuEES

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To Britain is Announced

Special to the "Telegraph"

WASHINGTON, July 22 (UP)-The Reconstruction Finance Corporation to-day announced its approval of a $425,000,000 loan to Britain to pay for wan supplies contracted for, prior to the enactment of the lend and lease bill.

The Administrator, Mr Jesse

Indians Amenable Jones, stated that Print Germans Making But

To Help

FROM PAGE ONE

Roosevelt had approved the plan of a loan to provide Britain with dollars for exchange without the necessity of disposing of their securities at a forced sale.

Small Headway

IL

FROM PAGE ONE

efnimed that elight

He said that the interest wouki be separate portfolios of Education, 3 per cent. nanually to mature in 15 Health and Land and Indians Over years, with an extension of another noon. ses and also the creation of the five years if two-thirds of the prin- Spitfires were shot down and that portfolios of Information and Civil cipal is paid on the original maturity there were no German losses. Defence

date.

and

German bombers are stated yester-

The Viceroy has also succeciled in The British will pledge collateral day to have sighted a heavily laden convey of Soviet merchantmen on the it securing co-operation ist the of over $700,000,000 establishment of a National Detence estimated that the futetest dividenda Dulester, with troops on board, and Council of distinguished and repre- on the collateral will amortize then have sunk three of them. sentative Indings in British India loan in about 15 years. Meanwhile,

Finnish Communique and the rulers of Indian states.

funds will be available to Britain as needed to meet commitments at about ROME, July 42 (Reuter)--A $100,000,000 monthly.

are

Emergency Matter

LONDON, July

22

Full Approval

#S

*

Finnish

Large 'Nazi Claim

NO co-

No Constitutional Change

communique claims that Though no constitutional change is

Finnish troops have occupied the involved in these announcements and the enlarged Executive Counell will

passes of Pitkaranta in their advance not be responsible to the Legislature,

(UP)-Sirnorth-east of Lake Ladoga, according the Viceroy will now have what to Kingsley Wood, Chancellor of the Helsinki telegram to the Italian

Jofetal news agency, all intents and purposes is a War Exchequer, anncancing the K.F.C. Cabinet with a marked majority of loan in the House of Commons to- Indian publle men instead of the day stressed the fact that it "again former European and oMetal reflects the readiness of the United

LONDON, July 22 (Reuter),-A majority.

States Administration to extend their

German High Command communi- The new members of the Counel assistance to us." He asserted that que stater that breaching operations as the Government had considered the of the German Army in conjunction as representative of and responsive to publle opinion as the execution of the agreement

with their allies have divided the refusal of Indian Congress and the matter of emergency.

Soviet defence

front into unco- Muslim League to co-operate makes

ordinated groups, possible. The

Despite tough local resistance and changes indiented in the While

WASHINGTON, July 22 (Reuter).bstinate counter-attacks, Paper, while making a sign- ficant step towards augmenting and The announcement of the Ameri-ordinated leadership of the enemy is consolidating the Indian war effort, can loan to Britain, made over the now recognisable.

On the whole castern front, it is nre not in any way concerned with radio early this morning, surprised

to stated, the defeat and annihilation of constitutional developments in India. most people, but it in, expected

approval be-isolated groups of Soviet forces is Authoritative quarters recall that in arouse anything but various statements made on behalf of cause It is Increasingly realsed by continuing ceaselessly. the British Government since the out-the average person that in the

war, it had been made clear interests of world economy break of war,

cono that constitutional changes in India general and America in particular it

As a reprisal for the Bolshevik alr this essential that Britain should be a are quite Impracticable while the British Empire is

is engaged on a vital going business concern and that un-raid on the open capitals of Buchar- "est and Helsinki, the Luftwaffe last struggle for its existence and that in less she can earn, she cannot buy.

The

their first attack on spirit in evidence before the night hunde agreement between the major poli-

series, waves of 12 dical Parties and interests in India Passage of the Lease and Lend DiMoscow. is the fundamental condition of can-mongst those who opposed the Billbomber formations bombed military

Britain should be given

ven installations, and munitions indus- sideration of any new constitutional

nothing untit her investments

tries, visibility being good. scheme,

this side of the Atlantie are liquidal- In the vicinity of the Kremlin and ed—has disappeared, and the present

sent the river Moskva, direct hits caused It was last summer, following loan is likely to assume the appear number of fres, some of which many attempts to case the political ance of an act between allled con-were large. tension in India and to bring Indian cerns which are in business with a Buildings of the High Command public opinion Into close contact with single objective, the destruction of and administrative authorities and a

Central Government in the con- duct of the war that the Viceroy promulgated proposals for an exten

the

Sequel To First Effort

sion of his Comell and for the set-

ting

up of

Nažism.

Sensible Arrangement'

in

of what was then described Amongst the few businessmen contacted carly this morning, the as Wur

For i nusory Council.

these frst reaction was that it is fur

against

such

reasons,

Reprizal Raid

public utility plant were destroyed or severely damaged.

Strong Force ·

proposals were found unacceptable more sensible arrangement to lend Smashes. Nazi Plants

by:

11

excellent

the major political parties in money India, but it was made clear by the collateral than ruin the market by Viceroy, that the Government would dumping securities f order tu

guchi

leave the door open for acceptance of a sumelent a plan us soon as degree of representative support was forthcoming.

LATE NEWS

liquidate them for ready eash.

FROM PAGE ONE

"V" Lights Scen

removal of a huge volume of British-owned American securities an aircraft flying well above 12,000

as loan collateral feet. from the market provided added stimulus to this. morning's ruily of the New York Stock Exchange although the 2017- Lights in the shape of "V" were while. over nouncement of the loan had been seen by R.A.F. pilots anticipated

France. Hulland and Belgium last some time. Wait

Street welcomes the removal night, adds the Air Ministry. of the possibility of additional forces A report to this effect by one of of liquidations which was one of the the British crews on their return numerous threats hanging over the from France was at first

received market-in-the-past-several-months,

for

with a sceptical smile_by_the_inter rogation officer. But other crews had also seen this and other "V" both In France and the Low Countries.

MOSCOW HARDLY The crews said that they were ast

SCATHED

FROM PAGE ONE

anything like the lights of acto- dromes. One "y" was made by white lights enclosed in circles of red lights and another by five yellow Nights In each arm. They varied ben tween 12 and 50 feet in length but a "V" in Belgium seemed to be about sions were observed near the Krem-100 yards long and made continuous lin, the Germans likening the raid to lines of lights "ké a neon sign" as the "heaviest dealt on targets of the pilot, who reported it, said. military importance in Britain."

Germans Attack Ports

Leningrad Raid Fails

1

sweeps

the

MOSCOW, July 22 (UP).-To- LONDON, July 22 (Rhuter) —A day's communique states that the German High Command communique Gerinan Luftwaffe tried to bomb states that in the waters around Eng- Leningrad twice but the Russian do-land, Gernian bombers scored direct fenders Intercepted them.

hits on two large freighters," L.C.C. Sympathy

Others attacked harbour installp- LONDON, July 22 (Reuter). Mrtions in southeast England. C. G. Ammon," Chairman of the

In the attempted sheniy London County Council, has sent the over the Channel const, says following telegram to the Chairman communique, ធម៍x British fighters of the Soviet Union:

were brought down by German "On

behalf

of the people of London, Bighters. I send sympathetic greetings to the British bombers dropped high ex- people of Moscow in the warton plosive and Incendiary bombs at damage their city. We share with various places in southwest Germany, you the hazards and dangers of these killing and wounding some civilians. inhuman ullacks.

Mostly, houses were damaged "In the pride of resistance, wo destroyed. salute you. We will stand together Anti-aircraft artillery shot down. until the end., Victory la assured.” lone attacking bomber,"

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