The Archive · 1934

ANGLO-CHINESE CREDIT PACT RUMOURED

Dairen, Nov. 29.

Spurred by a report that a 000,000 credit agreement had been concluded between British and Chie nese banks in Shanghai, silver advanced rapidly this afternoon, to each the ¥.120, mark at closing. This was a ¥.2 gain compared to morning trading, both in immediate Jand December 13 delivery futures dale of the Imperial Airways, Pan-American' Alrwaye, Latthansa, and Air France, als The only bearing of truth in the recent Washington telegram is that there is some talk of the Pan-Amer-jean Airways inaugurating atrial nient between America and Manila. Further information of the approxi mate date of the trial ight has not {yet been divulged. If such a service ig started in the future ft would ering China and America Into closer con {nection.. The Journey from Von't Hongkong and then on by train to Canton is only a matter of s few {days and Canton is now linked Shanghai. by the China Nation [Aviation Corporation. Since this service was reopened much fester [times have been reported. With the new Douglas Dolphin planes the two cities are only separated by ten hours flying, while previously the northern journey took over a day.

Not long ago, schemes. were put forward for connecting Manila and Hongkong by air, but nothing has come of the negotiations so far.

Text read from the printed page and cleaned; old type leaves the occasional error.

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