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July 2, 1938

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Headlines from July 2, 1938

GERMANY WILL PAY BRITAIN ON DEBTS AUSTRIA INCURRED; Settlement Is Reached After London Agrees to Cuts In Interest Rates TRADE DEAL NOW PLANNED Berlin Hails Accord as Step Toward Others and Way to World Recovery Settlement Is Welcomed Financial Area Reacts GERMANY WILL PAY BRITAIN ON DEBTS Deal Hailed in Germany

By Wireless to THE NEW YORK TIMES

new pact signed; W Funk declares Reich currency stable

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$14,443,196 PLANES ORDERED BY ARMY; Largest Peace-Time Award Includes 13 'Flying Fortresses' and 78 B-18-A Bombers Big Bombers to Cost $3,174,802 $14,443,196 PLANES ORDERED BY ARMY Navy Orders Six Submarines

By Special to THE NEW YORK TIMES

The War Department awarded today contracts for fighting airplanes and equipment totaling $14,443,196. It was the largest order for air-fighting equipment ever given in the peacetime history of the country.

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LABOR NAMES M'GOLDRICK WITH HILLMAN AND WAGNER FOR INDEPENDENT TICKET; But Slate Is Regarded as Tentative--Coalition Still Invited Leaders Look to Possibility of Republican Endorsement for McGoldrick Party Leaders Agree on Slate LEHMAN IS OMMITTED FARLEY'S AID NOT LIKELY M'GOLDRICK HEADS LABOR PARTY SLATE NAMED ON LABOR PARTY'S TICKET

By James A. Hagerty

Por

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1938 Death Rate Record Bids Fair to Be Lowest

By Unknown Author

Rept on policy holders' death rate, 1st 5 mos; 1938 estimate

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12% TAX ON EXPORTS PLANNED IN MEXICO; IMPORT LIMIT SEEN; U. S. Interests Fear New Curb in Proposal to Establish a Double Exchange Rate MINE OPERATORS SUFFER Washington Not Informed of Project to Alter Peso Value--Silver Price Unchanged Silver Profits to Be Cut 12% TAX ON IMPORTS PLANNED IN MEXICO U. S. Citizens Are Freed

By Special Cable to THE NEW YORK TIMES

Govt to establish double exch rate

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1938David Owen, English physician and politician, Secretary of State for Foreign and Commonwealth Affairs^[†]

David Anthony Llewellyn Owen, Baron Owen, is a British politician and physician who served as Secretary of State for Foreign and Commonwealth Affairs as a Labour Party MP under James Callaghan from 1977 to 1979, and later led the Social Democratic Party (SDP). He was a Member of Parliament for 26 years, from 1966 to 1992.

Headlines from July 2, 1938

$14,443,196 PLANES ORDERED BY ARMY; Largest Peace-Time Award Includes 13 'Flying Fortresses' and 78 B-18-A Bombers Big Bombers to Cost $3,174,802 $14,443,196 PLANES ORDERED BY ARMY Navy Orders Six Submarines

1938 Death Rate Record Bids Fair to Be Lowest

Notable Births