London, Oct. 21.
The pound had proved itself more stable than gold, declared Sir Hilton Young, who {s the Minister in charge of Export Credits and Secretary of the Overseas Department in the National Government, at a bankers? dinner at the Mansion House. last night.
The fall in prices in Great Britain was less rovere than in countries the gold standard, he said, and a return to gold would be possible
gold standard would work properly only when it was made clear that the and that the conditions set out in the Ottawa resolutions would be satisfied, Mz. Montagu Noiman, Governor of the Bank of England, said that one of the great things which, Yechnically speaking, they wished to dispose of was the frozen credits throughout Europe, There was nothing which impeded business and the prospects. of bankers to the name extent as those credits He referred to the class of banker whose business lay largely overseas and who had been generous lenders fon short credit overseas, acting each for himself without ce-oper tion or knowledge by one of wh the others were doing, with the sult that, in many instances, coneexns had been enabled. to. borrow on short credit sums which, had the various, lenders been aware of, would have been quite out of the question, He urged that in future this be done on some basis of cooperation in the interests of all.—Reuter, Marie? cleverness will be de A supreme test of the "Question i
Commanding officers of the Meet to-day refused to make Public the name of" the dreadnought selected to sink the old battleship Utah in Target ice. Heretofore such exhibitions have been public but because of the strange "snooper," officers Said to-day, no details of the event be announced in advance.
The "Question Mark," resembles tanker, officers said but because of its speed it may be a disguised destroyer. Each time "the fleet emerges from the 12-mile limit and Feaches the open sea, the strange Vessel appears, sometimes as near as 12 miles. Then it speeds away and all efforts to identify are fut Efforts to intercept its radio, if it carries one, have likewise been unavailing.
After reviewing the activities of the "Question Mark," inthe last month, navy men were beginning to wonder whether the frequent -appearance of a tanker during Francieoo-Hawaiian manuvres last Summer was entirely a coincidence, his tanker sailed on the same day went to San to the Hawaiian Manouvres, Tt remained ¢loze to them throughout the voyage.
The tanker sailed for Hawaii and was sighted several times in el proximity to the battle fleet during manquvres. At that time navy. men belittled the suspicions civilians that the cause it flew the flag of a friendly jon and its commander was well known to several navy "officers. While the vessel was in San Franelseo a United Stater naval official visited the tanker's commander and was assured that the sailing schedule which coincided with that of the fleet was merely a coincidence.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.