NAVAL RIVALRY

Timaru Herald, Volume CXL, Issue 20261, 9 November 1935, Page 21

NAVAL RIVALRY

NEW CRUISERS FOR BRITAIN British Official Wireless (Received November 8, 5.5 p.m.) RUGBY, November 7. The cruiser contracts for the 1935 programme are completed, with the allocation of an order for the machinery for the third cruiser to Scott’s Shipbuilding and Engineering Company, Clyde, the firm which already has in hand the hull and machinery of H.M.S. “Glasgow” of the 1934 programme and two destroyers. The additional contract is estimated to be worth about £500,000. MILLIONS FOR FIGHTING SERVICES LABOUR’S OUTSPOKEN CRITICISM United Press Association— By Electric Telegraph—Copyright. (Received November 8, 5.5 p.m.) LONDON, November 7. “The Government, in four years has spent £450,000,000 on the fighting services. If they are not efficient, I want to know the reason why,” said Mr Herbert Morrison, in the final Labour broadcast. Mr Morrison added that the Labour Party was pledged to maintain efficiency in the defence forces, but refused to spuander money on armaments. A vote for the Government would be a vote for a policy leading to war. BRITISH NAVY'S STRENGTH STATEMENTS BY GOVERNMENT QUESTIONED United Press Association—By Electric Tel egraph —Copy r 1 gtat LONDON, November 6. “The battleships Hood, Nelson, and Rodney could blow the Italian fleet from the water,” said Lord Strabalgi at Portsmouth, arguing that the Navy was not as weak as it was represented by Government supporters. Lord Strabolgi, a member of the Labour Party, was formerly Commander J. M. Kenworthy. He was in the Navy before and during the war. NAZI GERMANY MILITARY DISPLAY AND ECONOMIC CRISIS United Press Association—Bv Electrle Telegraph—Copyright BERLIN, November 7. Thousands Germany’s first post war conscripts assembled for the swearing-in ceremony at dawn on the historic Potsdam parade ground, where the Kaiser used to Inspect new recruits. The scene recalled the grim military spectacles of Imperial Germany. The young conscripts, in grey greatcoats and shrapnel helmets, resembled a wall of steel through the early morning mists. Guns boomed a salute as the new Nazi war flag was hoisted. A proclamation from Herr Hitler was read to the recruits, who were exhorted to be as hard as iron and ready to sacrifice their last drop of blood for the Fatherland. Financial Crisis Looming While the Nazis are reviving the military pomp of pre-war days, the financial and economic situation is becoming worse. The heavy depreciation of the mark is reflected in the unofficial foreign quotations, causing the gravest anxiety, partly due to the new laws excluding Jews from commerce and depriving them of the proceeds of the sale of business. Consequently currency smuggling is increasing, as the Jews otherwise fear the loss of whatever capital they possess. The Reichsbank is unable to buy the marks offered for sale, and in foreign centres the gravity of the economic crisis has been driven home, street long butter and other queues recalling the early days of Soviet Russia.