French and German Air Lines Come to an Understanding note issuing privilege still exercised by various foreign banking houses carrying on business in China. This measure, it is contended, would be in line with the steps already taken with a view to simplifying the Chi. nese monetary constitution—Trans Ocean:
Paris, July 29.
The French and German aviation companies, Air France and Lufthansa, have just signed a commercial agreement for the development of aerial traffic in Europe, South America, the Far East, and the North Atlantic. The announcement was made to-day in "Lo Matin."
In the Far East, rights for landing at Damascus are given the German company which foresees the creation of an airline from Shanghai to Syria.
Both companies are studying in joint agreement, problems linking Europe to America from the technical point of view, of travel across the North Atlantic.—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.