NEWS AND NOTES

King Country Chronicle, Volume XXVI, Issue 3440, 8 March 1932, Page 1

NEWS AND NOTES

That there is no intention on the part of a certain section of the Chinese forces to lay down their arms and permanently cease anti-Japanese hostilities was announced by General Wang, chief of staff of the 19th Route Army.

A grave situation faces the authorities at Chapei, where terrible conditions prevail. Public health is endangered by disease, and there is no immediate prospect of sanitary control.

The position at Shanghai is that all the Chinese forces are outside the 20-kilometre zone, and the Japanese state that all their troops remain within that zone, although it is not quite clear whether this applies also to the reinforcements recently landed in the Liuho neighbourhood.

Australian exports for seven months were valued at £46,315,000, or £59,827,000 in Australian currency, a decline of £6,889,000 on last year. Imports fell by £18,774,000 to £24,859,000. The favourable balance of trade for the period was therefore £21,459,000.

It is announced that the holdings of gold by the "Bank of France now exceed those of the Federal Reserve Bank. The totals are respectively 75,059,000,000 francs, or 2,942,312,800 dollars, and 2,938,974,000 dollars.

The Daily Telegraph states that the French Government has invited all the Powers to co-operate in a scheme for the economic rehabiliation of Central Europe.

The appeal by the leading New Zealand jockey, Hector Gray, against his suspension for three months by the judicial committee of the Te Aroha Jockey Club in connection with the riding of Antique in the President's Handicap on February 29 was upheld by the Auckland District Committee of the New Zealand Racing Conference. The deposit of £5 lodged by Gray was refunded.

The French Chamber of Deputies has ratified the convention, whereby the French Government lends to Czecho-Slovakia £4,800,000, secured against the latter's tobacco monopoly.