AVIATION

Hokitika Guardian, 15 November 1932, Page 5

AVIATION

AFTER RECORD

MRS MOLL ISON STARTS FOR CAPE

(United Press Association —By Electric Telegra^n—Copyright.)

LONDON, November 14

Mrs Amy (Johnston) Mollison loft Lyrnpve at 6.35 a.m., to-clay on her flight to the. Cape in an attempt to beat the record set by Mollison.

FINANCING THE TRIP HERSELF.

(Received this day at 10.15 a.m.) LONDON, November 14

Mrs Mollison is flying a Puss Moth monoplane, named “Desert Cloud.” Extra fuel tanks give her a range of two thousand miles. She i s attempting to beat her husband’s record of 113 hours 22 minutes to Capetown via the same East. 4 Coast route, crossing the Sahara. Amy is financing the trip herself at a cost of £2OOO. Mollison took off simultaneously, hoping to escort hi s wife to the French coast, but he missed h'er, owing to poor visibility.

AFTER THE RECORD.

SMITH GOING STRONG.

(Received this day at 9.80 a.m.) ‘ ' CAPETOWN, November 14,

Victor Smith, who left Capetown in an attempt to lower the Cape to Croydon record, ""passed ov<er Loanda at 3.15 a.m. on Monday, an hour in advance of the schedule. He cabled from Mossamedes: “I am going fine.” Smith, expects to negotiate the Sahara on Tuesday night, and arrive at Croydon on Wednesday evening.

spirit of frankness and true friendliness.

It is further declared; ‘‘lmportant as were the effects of the Lausanne Conference, it must be said that economic and financial difficulties which stand in the way of a resumption of norma] relations between the nations are still present, and that further efforts must be made to put on end to them in'the interest of all.”

BRITISH HOPES.

RUGBY, November 13

,It is generally believed that the British proposal for tile suspension of its wa r debt payments to th'e United .States, will commend itself to American public opinion as one in no way prejudicing the final issue of the contemplated negotiations. Moreover, an announcement that conversations with the United States had been entered into with a view to a final settlement of the British war debts, and, that, meanwhile, no further payment would be expected from the United Kingdom, would it i.s thought, have a powerful effect in confirming and establishing world confidence and in promoting a trade recovery. In any negotiations which may follow, this British Government, while keeping in touch with the other debtor .nations, will conform to a well known desire of the United States bo conduct its- negotiations with its debtors separately. It is the desire of the British Government that the situation be treated as one affecting the whole world, and dealt with in such a way as to further the well-being .of the world as a whole.

WHAT BRITAIN OWES

RUGBY, November 14

The amount of the British instalment due next month to the United 'States is ninety-five and a half million dollars. This is equal at par, to 20 million pounds, but at the present, rate of exchange it is actually equal to 28 million pounds. The total amount of the British debt to America is 4,600 million gold dollars. ’Britain has already paid off 202(?) million dollars, of. the principal, and ihas paid interest totalling 1,491,700,000. dollars.

BRITISH PRESS VIEW. LONDON, November 13.

The “Financial Times” points out that nowhere is the abhorred word “cancellation” found in the British note.

The “News-Chronicle” and other papers emphasis© that there is a elo-e inter-connection between disarmament and debts.

The “Daily Herald” says that one tihii'd of ilhe United States’ overseas investments are .locked up in Europe. It says: “Imperilling these, and also rendering worse .the already' serious trade, situation, the payment of those debts in gold would only immense the maldistribution of the world s supplies ; while payment of them in goods must bo ruled out as the United State.' industrialists have already protected their market to the hilt. The complete cancellation of tho war debt-i is the only solution, (but cancellation raises fears that the United States Nationals will be called upon to bear Europe s burden, nevertheless, it is certain that th 0 United States would b c more ready to offer an casement to Europe if the Disarmament Conference at Geneva is a .success.” ITALIAN INTEREST. LONDON, November Id. A Rome message indicates that the keenest into mst is being displayed in Italy, in th > .British and French notes to America. It is expected that Signor IMussolini will send a similar note to the Unibed States at an early date.