OFFERS SOLUTION

New Zealand Herald, Volume LXXV, Issue 23146, 19 September 1938, Page 12

OFFERS SOLUTION

EUROPE'S PROBLEMS PLEBISCITES FOR ALL NEED OF QUICK ACTION EMPIRES WON BY ARMS By Telegraph—Press Association —Copyright (Received September JS, 31.30 p.m.) LONDON. Sept. 18 Speaking from a stand in front of the Palazzo Commnnale at Trieste after landing from a destroyer, Signor Mussolini referred to Mr. Chamberlain as a flying messenger of peace. He said: "When problems have reached a stage of tormented complication, the solution is most simple, logical and radical, namely, that which we Fascists call totalitarianism. It is necessary to act quickly.

"In the face of the problems now agitating Europe, the solution has one simple name —plebiscites for all nationalities that demand them. History teacht-s that empires are won by arms and kept through prestige, which requires a clear and serene consciousness of race."

Signor Mussolini proceeded to deal Tvith the v racial problem, and said the ■world would be surprised at Italy's generosity to Jews who had shown merit in civil or military fields.

HOPES AND FEARS

EFFECT ON MARKETS INVESTORS' FORTITUDE BERLIN BOURSE BREAKS LONDON. Sept. 16 The London Stock Exchange lias been 'completely at the mercy of the international crisis, although fluctuations in prices reflecting almost hourly "waves of hope and fear have been largely technical, as both buying and selling have been at a low ebb. Investors have shown remarkable fortitude considering the gravity of the situation. The markets finished the week raggedly. Sterling has been subject to almost continuous pressure throughout the week. The gold turnover has continued at a high level, and it is estimated that about half of the £14,000,000 worth exported to the United States was sent on official account.

Activity in commodities has been considerable, and the outlook for almost nil commodities appears good, as reports from America indicate that business there is continuing to expand. Financial circles in Berlin suspect that Mr. Chamberlain's visit was merely a lull in the storm. The Bourse broke sharply to-day. Tli'e Paris Bourse is disappointed at 'the trend of events and lost yesterday's gain, says the correspondent of the Daily Telegraph.

WALL STREET SLUMP STOCKS SINK LOWER EUROPEAN BONDS DOWN (Received September 18, 6.30 p.m.) <" NEW YORK, Sept. 17 Stocks sank lower in active trading on Wall Street to-day. Central European bonds declined sharply. Grains' advanced, but cotton dropped 50 cents a bale. The United States Treasury acquired 285.000,000 dollars worth of gold from Europe in the first fortnight of September. The reserves reached the alltime record of 13,420,000,000 dollars. An unofficial survey indicates that the flight of European capital to the United States has increased the value of foreign funds invested or banked here to almost 10,000,000,000 dollars.

GERMANS IN BRAZIL POSSIBILITY OF FRICTION HITLER AS PROTECTOR (Received September 18, 6.30 p.m.) RIO DE JANEIRO. Sept. 17 Because more than 1,000,000 Germans live in South America Brazilians are considering the possibility of friction with the Reich if Herr Hitler is determined to act as protector of all people of German blood. The press states that, if Germany v to-morrow revives her old dr.earn of expanding her Empire, Brazil may be forced to defend her soil. Hitherto the press had been moderate on the Sudeten question, but now it is critical of German policy generally, and is urginc a closer union of all the Americas.

ROLAND'S DEMANDS

RESTITUTION OF LANDS SAME RIGHTS AS SUDETENS (Received September 18, 6.30 p.m.) WARSAW, Sept. 17 The first authoritative Polish reaction is that Poles residing in Czechoslovakia must bo granted the same rights as Sudetens. Semi-official newspapers demand the restoration to Poland of lands beyond Olzu. Many of the newspapers advocate the same rights for Poles in Czechoslovakia as are conceded to the Sudetens.

LABOUR DEPUTATION

VIEWS ON THE CRISIS MR. CHAMBERLAIN APPROACHED (Received September ,18, (1.30 p.m.) < ' LONDON. Sept. Dr'. Hugh Da I ton. Mr. Herbert Morrison, and Sir Walter Citrine, representing the National Council of Labour, placed belore Mr. Chamberlain after the Cabinet meeting to-dn.v the views of the trades union movement on the crisis.

The result.of the deputation will not be known until it reports to the Riational Council of Labour on Monday.