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Waikato Times, Volume 124, Issue 20786, 22 April 1939, Page 7

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RUMANIA AND REICH NOTIFICATION TO BRITAIN AGAINST ENCIRCLEMENT (United Press Assn. —Elec. Tel. Copyright) (Received April 22. 11 a.m.) LONDON. April 21 The Rumanian Foreign Minister. I»r. Gafencu. in a statement-, said the British and French guarantees in nowise affected relations with the Reich. Rumania welcomed all guarantees of independence, but no two-sided agreement would arise from them threatening any state. Rumania had no intention of aligning herself with an encirclement front against Germany, nor did she wish for a bilateral agreement which for all practical purposes existed only on paper. BRITAIN AND RUMANIA CONVERSATIONS IN LONDON MINISTER GUEST OF KING (United Press Assn.—Elec. Tel. Copyright) LONDON, April 20 The Rumanian Foreign Minister, Dr. Gafencu, who has left Berlin for Brussels, will arrive in London on Sunday evening, and conversations with Viscount Halifax will open on Monday morning, followed by a luncheon at the Foreign Office. In the afternoon Dr. Gafencu will have a conversation with Mr Chamberlain at the House of Commons, and at night will be the guest at a dinner arranged by the British Council. The conversations will continue at the Foreign Office on Tuesday, when the distinguished visitor will be the guest of the King at luncheon at ✓Buckingham Palace.

FRENCH REARMAMENT £84,000,000 RAISED BY TAX LIMITATION OF PROFITS A LONGER WORKING WEEK (United Press Assn.—Elec. Tel. Copyright) (Received April 22, 11.25 a.m.) PARIS, April 21 The Government is raising £94,000,000 for re-armament by means of tax on all commercial payments. Decrees also are being prepared to limit profits in the armament industries and lengthen civil servants’ hours to 45 a week. TENSION WANING EFFECT ON STOCK EXCHANGE BRIGHTER FEELING PREVAILS (United Press Assn.—Elec. Tel. Copyright) (Received April 22, 11.15 a.m.) LONDON, April 21 Encouraged by a growing belief that the international tension is waning, speculators have begun to reappear in the markets, but business is necessarily restricted owing to the approach of Budget day. Gilt-edged securities have shown some recovery from the worst levels of the week. Foreign bonds have reflected the brighter feeling not onlyin London but in the Continental capitals. The selling of gold shares has • abated considerably. The March trade returns are inconclusive, but while exports are slightly under last year’s level a large number of exports show encouraging increases, the quantities rising as values fall back as a result of the price reductions' The capital drift continues to affect sterling.

MR ROOSEVELT’S APPEAL WAY FOR FURTHER MOVES REAL REPLY FROM HITLER (United Press Assn.—dec. Tel. Copyright WASHINGTON, April 21 Official circles are of the opinion that Signor Mussolini has not directly rejected Mr Roosevelt’s appeal. It is said that the speech still leaves the way clear for further moves if the president cares to make them. The Washington correspondent of the New York Times says it is realised, however, that the real reply to Mr Roosevelt will come from Herr Hitler, and ?ignor Mussolini’s speech is not regarded seriously. There was gratification at least that the dictators were still talking and not relapsing into ominous silence that might be a prelude to armed action. AGREEMENT REACHED BRITAIN. FRANCE AND TURKEY (United Ptess Assn Tel. Copyrtirht LONDON, April 21 Reports from Paris and Istanbul insist that a Turkish agreement with Britian and France has been reached, but no announcement has been made about it in London.