SIX
Hold der
Library, Supreme Court
OSO China Mail
When the boy la valier
skating, he lets every
stroke carry him as
far as possible.
he saves his power
..he glides a
good share of the
time
THAT'S FREE
WHEELING!
HONG KONG & SHANGHAI HOTELS, LTD.
(Incorporated in Hong Kong.)
ESTABLISHED 1845.”
No. 27,907
HONG KONG, MONDAY, SEPTEMBER 21, 1931,
JADE
TREE. STORE INCIDENT.
THE MANCHURIAN CRISIS.
Manageress's. Purse. Stolen.
CHASE TO FERRY.
Mra C. I.. Sutherland, manageress
of the Jade Tree Store, appeared as
Developments at the League Expected.
LATER CABLES.
Geneva, Yesterday.
The last word in regard to
TO-DAY'S
DOLLAR. — The closing rate of the dollar on demand; to-day was 11%d.
PRICE $3.00 Per Month.
OFF THE GOLD STANDARD
DUNLOP Special
Extra
Construction
For
Overseas
Motoring Conditions.
Pedder Bldg.
FORT MOTOR CYCLE TYRES.
LOCAL BRANCEL.
WANTED MAN THREE YEARS WARD?
STANDARD SURRENDERS HIMSELF
GREAT BRITAIN'S LATEST
DECREE EMERGENCY
Alleged Bank Note Frauds.
WEEK'S REMAND."
(Central Police Court),
FOR ROBBE
Outrage at Kloon Tong
-AN UNNUMBERED HUT.
complainant in the case against Japanese action at Mukden has BANK RATE RAISED TO SIX PER CENT. Chi-se, whom the Police have been charged with robbery by two er
Wong Hing, who was charged this morning with stealing a purse con
WA" also taining $4.17. charged with receiving.
Sub-Inspector Elston anid that
into the store in defendant went the Peninsula Hotel, and after aring looking around purchased valued at 35, for which he tendered a $10 note.
Having no change
and
not yet been spoken.
The
Chinese and Japanese delega tions to the League Assembly are maintaining at present an attitude of reserve.
The Japanese received an uc- count of the events in Manchuria which had been communicated to the League Council for their private information, but in the on the pre-interests of a satisfactory settle- mises Mrs. Sutherland suggested ment they decline to make any statement to the public at pre- Rending her "boy" .out.
The
sent. customer demurred
Neither delegation is anxious snatching his money back left the
purchase. to aggravate the situation, and shop without making
Mrs. the Japanese appear to be await- Shortly after he had gone Sutherland thought of her handing for a move on the part of the bag which at the time of the Chinese in view of the fact that cident was laying on the counter.the Chinese have not yet receiv- On looking inside she discovered the loss of a small purse.
Running to the Star Ferry, she he was caught the man just as
On being boarding the ferry. accosted by the lady, he tried to
press the purse and a $10. note on her, but she handed him over to an Indian constable.
ed instructions from Nanking. The next few days will doubtless see developments.
1
A Discussion in Moscow.
Moscow, Yesterday. Karakhan, the Assistant Com- missur of Foreign Affairs, re- ceived the Japanese Ambassador At the meeting they to-dny. WEB given discussed the latest events in niccused was ra-Manchuria. primanded by Mr. Fraser, for making disparaging remarks about the constable.
Evidence of arrest during which
Defendant further suggested that Mrs. Sutherland pushed the purse on to him when she stopped him at the Star Ferry.
He plended "guilty to being this year. banished for 10 years and also to being banished from the Malay States.
On the charge of theft. he was
sent to jail for three months, and
for returning from banishment.
nine months hard labour, the terms to run consecutively.
TRADE MISSIONER.
· Arrival in Colony This
Morning.
of
Mr. John A. Hamilton, Manager of the Chamber of Commerce Honolulu,
was commissioned to make a tour of the Orient on the. maiden voyage of the a.s. President Hoover to invite business men of] China, Japan, and the Philippines to attend the 1932 annual meeting of the National Foreign-Trade Council in Honolulu on May 4, 5, and 6.
.
In discussing this meeting Mr. Hamilton said in part:-
The Times on the Clash
London, Yesterday.
The Times in a leader on the fighting in Manchuria says that it is clearly unnecessary to preach moderation at Tokyo. The Japan- cse have endured with remark- able patience a series of affronts. The refusal of the Chinese Na- tionalist politicians and publicists
CUBC
HEAVY WITHDRAWALS
OF
GOLD
FROM LONDON
CONTROL OF PURCHASES OF
FOREIGN STOCK
An important section of the Gold Standard Act of 1925. has been temporarily suspended as from midnight of September 20.j
The Bank of England has raised its discount rate to 6 per cent.
The reasons for this action of a momentous nature are given in a communique published below.
"Play the Game!" is Government's slogan to British people, and it is stated that what is now wanted to tide over the crisis is "Cold Courage and Warm Feet."
The United States belleves the future of Great Britain is now in the hands of "private Britons and bankers," and also believes, that the action taken will be effective in restoring. stability to exchange.”
Wall Street applauds the move and describes it as a "constructive measure."'
Quotations of stocks on the Copenhagen Bourse has been suspended, and similar action is likely to be taken on the Berlin Bourse. Also, the Reichsbank's discount rate will probably be increased, and dealings in foreign currencies more severely restricted than at present,"
The Prince of Wales, in view of the crisis, has cancelled his visit to Scotland and is remain- ing at the "Heart of the Empire.”
"COLD COURAGE AND WARM FEET"
be
'Kong Fu and Teang Sang ap- Guilherme D'Arujo Guimaraes, peared before Mr. Justice Lind alias William Guimaræs, allàs Kamsell at the Assizes this morning,
seeking since the middle of August more, and additionally with re- in connection with allegeri, $7,000|ceiving stolen 'goods. and $8,000 bank note frauda, sur- rendered himself voluntarily at the Central Police Station yesterday morning.
It will be remembered that a re- ward of $500 had been offered for his arrest..
The offence is alleged to have taken place at an unnumbered hut in Chu Ku. Tsai, old Kowloon Tong, in the early hours of Aug
st. 9 last, when the women oc- cupants of the hut were silenced Gultures was formally charged by the threats of a gang, and this morning with conspiracy and various articles of clothing and
jewellery were stolen. larceny of the amounts involved.
His Worship remanded accused | The prisoners, who were un for a week, bail being refused, defended, pleaded "Not Guilty." The hearing of the chargea Mr. Somerset Fitzroy, opening against Kong Sze-yik and Leo the case for the Crown, said · Arthur da Gulmares, on charges of that a man originally held in larceny by trick of $7,000, from connection with the robbery had ' Wong To-po, and conspiracy to de-turned King's evidence. His de- fraud, and of other charges against position would be a very neces-" Guimaraes separately for larceny by sary part of the Crown's case,, a trick from Ho Puiyin of $3,000, but although he had been warn together with conspiracy indicted and bound over to appear at ments, will come before ir. Justice the Assizes he could not now be Lindsell at 2.30 this afternoon.
ALLEGED OPIUM DEALING.
www-w
A Chinese Merchant
Discharged.
found at his last known address. Therefore, he could not be pro- duced to give evidence at the present hearing.
Mr. Fitzroy proceeded to re- late the facts of the case. He made clear how the robbery was planned, and told of what hap- pened when the hut was raided. circumstances He related the under which the first prisoner was apprehended, told of what On ball of $10,000, Lai Wing, awas found in his possession, and well-to-do merchant, residing at the how it came about that the other Empress Hotel, made his second prisoner was arrested. He com- appearance in the Central Police mented. on certain statements
(Before Mr. Schofield).
rest.
Rugby, Yesterday. ed. There will be no interrup- of excessive withdrawals of bor-Court this morning, charged with made by the prisoners after ar- The British Cabinet, which tion of ordinary banking busi-rowed capital. The ultimate re-dealing in opium. to recognise the vital interests of
Banks will te open as sources of this country are enor-
Mr. R. R. Todd (Assistant After a Chinese constable had Japan in Manchuria and the im- held a special meeting yesterday ness. mense advantages of Sino-Japan- and again this evening to exam- usual for the convenience of their mous, and there is no doubt that Superintendent of Imports and Ex-riven evidence of arrest of the ese co-operation is a disquieting ine the situation caused by the customers, and there is no rea- the present exchange difficulties ports) for the prosecution, asked first prisoner and of what he
the inter-son why sterling transactions will prove only temporary."
his Worship's permission to with-had gathered from the abscond- phenomenon, but there is no ex-demoralisation of
for the Japanese officers national money markets during should be affected in any way,
Premier's Hasty Return draw the charge as there was notting witness, the deposition made by the absent witness was read who struck the blow without the last few days, and the exces- It has been arranged that the
sufficient evidence. from Chequers. consulting their Government. Isive withdrawals from London of Stock Exchange shall not
He also made application for the to the jury. It related how he During the crisis of the last 48 They presented Nanking with a gold, came to certain decisions opened on Monday, the day on
how he and the two prisoners grievance. Reuter.
which are announced in the fol-which Parliament is passing the hours the Prime Minister has re-retention of documents seized, by came to be involved in the affair,
néccessary legislation. [Earlier cabies will be found lowing statement.
This mained in the closest touch with virtue of section 31 F.
His Worship asked if Mr. Todd and two others went to the hut, The Communique.
will not, however, interfere with his advisers. He proceeded to on page 11.]
a what the party did subsequently. "His Majesty's Government the business of the current settle- Chequers on Friday afternoon in was not entitled to do so, if he re-entered and ransacked it, and The prisoners were found have decided, after consultation ment on stock exchanges which the belief that everything was garded the documents to be of with the Bank of England, that will be carried through as usual. running normally. Shortly after suspicious nature.
Mr. M. K. Lo, for the defence, guilty on the robbery charge, it has become necessary to sus- Government have no reason to he left, London information was remarked that as there were no and sentenced to three years with pend, for the time being, the believe that the present difficul- received regarding operation of sub-section 2 of sec- ties are due to any substantial other capitals and the situation proceedings now, he would ask for hard labour. tion 1 of the Gold Standard Act extent to export of capital by thus revealed caused him to re. the release and return of the docu- of 1925, which requires the Bank British nationals. Undoubtedly turn immediately
KWONG SANG DISASTER.
Marine Court of Inquiry.
་
events in
. Prince of Wales.
04
Fire Generally, Wind &E. Some showers later
THE OBSERVATORY. WEATHER REPORTS CANNOT ALWAYS BE RELIED UPON BUT
WE CAN GUARANTEE
SHOWERS EVERY DAY
COLD, WARM OR HOT.
By means of our
No. catechism is useful to from Chements.
His Worship discharged the de- children as their parents' example to sell gold at a fixed price, the bulk of withdrawals have quers to Downing Street,
fondant and ordered that the docu-at home. It is the bright mirror, A Bill for this purpose, will be been for foreign account. They Cabinet Co-operation.
Throughout Saturday andments bo returned within 24 hours.under the roof.-Taylor, ̧· introduced immediately. and it is desire, however, to repeat, em- A Marine Court of Inquiry will the intention of Government to phatically, that the warning, Sunday members of the Cabinet
A special stump is to be issued The pleasure of life is according sit at 10 a.m. to-morrawo inquire ask Parliament to pass it through given by the Chancellor of the when not actually in session re- Foreign Trade into the disaster which befell the all its stages to-morrow. In Exchequer that any British citi,mained in the closest touch. to the man that lives it, and not at Southgate in connection with its The National
according to the work or the Jubilee celebrations on September Council was organised in 1914 in Indo-China Steam, Navigation Com- the meantime, the Bank of Eng-zen who increases the strain on
26. The Prince of Wales, who re-place--Emerson. order that constant and continued pany's a.s. Kwongaang during a land has been authorised to pro- exchanges by the purchasing of effort might be devoted to the dove- typhoon early last month while on cecd accordingly in anticipation foreign securities himself or as-turned from his holiday yester- lepient of a national policy of for a voyage from Shanghai to Hong of the action of Parliament. The sisting others to do so is deli-day flying home from Paris to
The Kong, when many lives were lost.
reasons which have led to this de-berately adding to the country's Windsor Castle, lunched with the eign trade encouragement.
The witnesses at the inquiry will cision are as follows:-
difficulties. The banks have Premier to-day and, on receiving Council is virtually a national com-
Large Withdrawals. undertaken to co-operate in re- information regarding the course mittee for the welfare of overseas be three Chinese survivors, mem-
Since the middle of July funds, ztricting purchases by British of events, decided not to proceed Once a year, its members of the crew of the ill-fated commerce. bers meet to study and consider ship, who have been brought to the amounting to more than £200, citizens of foreign exchange, ex- to Scotland as arranged but to
overseas Colony.
000,000 have been withdrawn cept those required for the ac- remain in London. British present day problem in
.\ The Court will be composed of from the London Market. With-tual needs of trade or for meet Wireless "Service. trade.
existing contracts and, Discount Rate Raised, the Hon. Comdr. G. F. Hole, RN. drawals have been met partly ing
London, Yesterday. (retired), President; Lieut.-Comdr. from gold and foreign currency should further measures prove The 1982 meeting in Honolulu L. G. Addington, RN. (H.M.S held by the Bank of England, advisable, the Government will The Bank of England has raised will be under the direction of the Tamar), Captain "R. A. Pritchard partly from the proceeds of the not hesitate to take them. The its discount rate to six per cent.
£50,000,000 which Government have arrived at this
Complete Calm. Chairman, Mr. James, A. Farrel, (a.a. Borneo). Captain F. W. credit of
In spite of the momentous nature (6.8. Chanchow), and shortly matures, which is sccur- decision with the greatest reluc President of the U.S. Steel Cor Jenkins
Captain C. Stringer (8.8. Kwong-ed by the Bank of England from tance. But, during the last few of the announcement régarding the paration.
New York and Paris, and partly days, international financial gold standard, there was an atmos- from the proceeds of French and markets have become so de-phere of complete calm and· ́`ab- American credits amounting to moralised and have been quid-sence of any trace of excitement or Orlent perhaps the best opportunity developing relations with the coun- £80,000,000 recently obtained by ating their, sterling assets re-alarm in Government circles to During the last gardless of their intrinsic worth. night in Downing Street which was they have ever had In all history of tries of the Occident, may I say Government. voicing before a great' assembly of that this meeting will be a unique few days withdrawals of foreign In the circumstances there was almost deserted at the time and business leaders their thoughts; opportunity. We can also promise balances have accelerated so no alternative, but to protect the Ministers, all of whom were pro- suggestions, and comments on cur for the delegates and their families sharply that Government have financial position of this country sent, left with heads high in the rent economic and social questions. a full test of that cordial hos felt bound to take the decision by the only means at our dis-knowledge that their work had My visit to the Orient is to make pitality and delightful entertain mentioned above. This decision posal Government aro. securing been well done,
Heavy Withdrawals. as many personal calis as possible ment for which Hawali is noted. will, of course, not affect the a balanced Budget and the in upon the leading business organies- The picturesque welcome which we obligations of the Government tornal position of the country la Inquiries in Tplomatic circles tions and individuals so that by call "Aloha to visitors at the or of the Bank of England which sound. This position must be showed that the Bank of England these personal calls we may develop "Cross-roads of the Pacific" will be are payable in foreign currency: maintained. It is one thing to hoped to the last minute to avoid greater interest in the 1982 meet as sincere as our invitation to the The gold holding of the Bank of go off argold, standard with on this step, but heavy withdrawals England amounts to £130,000,000 under-balanced Budget and un-on Friday and Saturday necesaltat- ing and develop also definite pro business sessions."
Mr. Hamilton may be interview and, having regard to contin- controlled inflation, and it is apects for attendance next May,
be taken immediately, To, all of the business men of ed at the offices of the Americar gencies which may have to be quite another thing to take this ed that emergency measures should
Exchange met, it is inadvisable to allow measure not because of internal the Orient who are interested in Trade Commissioner,
(Continued on Page 7.) this reserve to be further reduc-financial difficulties but because foreign trade and interested in Buliding.
"This 1932 meeting of the Na-chow).
Council tional Foreign Trade affords to the countries of the
11
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