argued further that should the Chi-hose default, the British Government should not pay the British banks more than an Interest of 2% percent, contending that most issues on the London stock market were bearing that rate and that therefore, whereas the present rate of 2% per cent. was acceptable between the British and Chinese banks, a coverage rate of 284 per cent. by the British Government would be sufficient if China defaulted.
Unnecessary Complications Sir John Simon explained that both suggestions were worthy of attention, but' would unnecessarily complicate the legislation.
The debate was also characterized by the unexpected statement made by Mr, Frederick Bellenger, Labour }MEP., who argued that although he favoured financial and economic as-
Mr. Cordell atuit Mr. Cordell Hull Urges United Action Washington, Mar. 24, "During my absence, I followed International events with close interest." the US. Secretary of State, Mr. Cordell Hull, stated today on returning from his two weeks' holiday in Florida, "and, like the general public, T was profoundly shocked by the recent events in Europe, which are of a nature seriously to threaten, the peace of the world."
"these new proofs of international anarchy emphasize the need, now more urgent than ever before, obtaining the support of all countries with a view to maintaining Jaw and order and sound economical rela~ tons.
"We have fought during the past years, and will continue to fight, to strengthen the threatened framework of world peace by encouraging as much as possible the respect of Tight and the establishment of sound economic relations, which are me Sispensable to peace.
"tam sure that all citizens of our country will ce-operate loyally' and wholeheartedly in this import out and urgent task," Mr, Hull con-
Text read from the printed page and cleaned; old type leaves the occasional error.