OSIXO
The
Supreme Cou
OS China Mail
When the boy rolls a hoop, he doesn't have
to push it all the time . he can stip
pushing, merely guld- ing it, and the Loop rolla freely.、、、
THAT'S FREE WHEELING!
HONG KONG & SHANGHAI HOTELS, LTD.
(Incorporated in Hong Kong.)
ESTABLISHED 1845.
No. 27,908 HONG KONG, TUESDAY, SEPTEMBER 22, 1931.
THE GOLD STANDARD BILL
PASSED BY LORDS
AND COMMONS
ROYAL ASSENT GIVEN
'CHANCELLOR'S SPEECH IN THE COMMONS.
LABOUR HELP
London, Yesterday.
Rugby, Yesterday,
proclamation
GERMAN AIRMEN
RESCUED.
Lisbon-New York Non-Stop Flight.
PICKED UP AT SEA.
www.
Halifax, Yesterday. The Norwegian steamer
The airmen left Lisbon on meet those September 13 and attempted to
abandoned.--Reuter. -
JACK DEMPSEY,
Granted Divorce from Estelle Taylor.
Reno, Nevada, Yesterday,
has been Jack Dempsey granted a divorce from Eatelle
KWONG SANG
TO-DAY'S
DOLLAR
The
closing rate of the dollar on demand, to-day was 1s. 04d.
New
PRICE $3.00 Per Month.
DUNLOP
FORT
Local Branch. Pedder. Bldg. · Tel. 24554,
MR. SNOWDEN'S
FRANCO-AMERICAN TALKS.
Hoover's Invitation to -M. Laval,
AFTER BERLIN VISIT.
Paris, Yesterday.
President Hoover, through the American Ambassador, has off- cially invited M. Layal to go to Washington.
"mental cruelty:" 4 counter plea for divorce was lodged by Estelle Taylor.]
DISASTER
I would not impede the removal of Belmoira picked up the German The Bill suspending the Gold gold placed in safe custody with airmen; Rody and Johannsen. Standard Act of 1925 has passed the Bank of England by Foreign and the Portuguese Viega 80 miles off Cape Pine. Newfound- all stages in Parliament and re-Governments or banks..
Where the British Government land after sighting the wreckage ceived the Roy Assent-Reu
was under an obligation to pay of their machine. ier,
in gold, (such as dollars) they
Estelle Taylor: The Gold Standard Amend-would continue to
fly non-stop to New York. No Taylor.--Reuter's American Ser- ment, Bill provides for. the susubligations,
Mr. Snowden thanked the Gov-news was received from them vice. pension "Unless and until His
of the United States and hope for their safety was [The ground for divorce, ad Majesty by
or ernments
vanced by the fainous boxer, was otherwise directs" of that section and France for their readiness fo of the Act of 1925 which re-help us, and said that after as- quires the Bank of England to certaining that certain foreign The commitments to Britain cord sell gold at a fixed price. third clause authorises the Trea- not be called in, Government was sary to take such measures as informed by the Bank of Eng- may be expedient in connection hand that the United States' and' with exchanges und difficulties French credits, arranged by it. from the suspension of the Gold were exhausted, and the United States' and French credits, ar- Standard.
Following Government's deci- ranged by the, British Govern- sion last night to suspend the ment, were practically exhausted, There was no evidence to: Gold Standard, the Cabinet met this morning and, immediately show that British nationals had after question time in the House been subsequentially exporting | of Commons, the Prime Minister capital, but drastic steps would introduet a Three Clause Bill to be taken, with the co-operation amend the Gold Standard Act of of foreign banks in London, to prevent such sales to the utmost, 1925.
Mobilisation of Foreign Currencies. Government was considering
The second reading was moved | by the Chancellor of the Exche- quer and then Mr. Arthur Hen-.
derson announced that the La-the mobilisation of foreign secur-
bour Party would not oppose the ities, which might form a reserve.
Bill.
The Bill, having passed through all its stages in both Houses of Parliament by emergency pro cedure, will receive the Royal! Assent late to-night.
"Business as Usual"
- The Stock
Other Powers had made it ab-
some re-
MESSAGE
GIRD UP FOR THE ECONOMIC FRAY
BANK DEPOSITS SAFE
GET TOGETHER AND BUILD UP POSITION ANEW.
NO FOOD
SHORTAGE
ELTE
London, Yesterday.
particularly profiteer commits a While Mr. Ramsay MacDonald contemptible crime which will be found time to make a speech in sharply dealt with. Sterling is not connection with the Faraday Cen- going to get out of hand. We still It is understood that M.
a have large resources which can be tonary, Mr. Snowden, through Laval intends to accept the microphone installed at No. 11 employed to check excessive invitation and, after his visit Downing Street told British fall. The pound may remain a this week to Berlin, will sail for listeners-in to gird themselves for little while below level, but it will the United States.-Reuter.
the economic fray with cheerful. later recover, and anyone trying to ness for sterling would not not go sell pounds for foreign currency will probably find he will lose on the way of the mark or franc.
The British Budget was now the the transaction." most securely balanced budget in Prepared For Every Contingency. the world, and there was no longer "We anticipate no serious de any risk of internal inflation, and velopments, but Government is de- leave nothing to though the value of sterling might termined to fall in terms of foreign currency, chance, We are prepared for every we could feel assured that the ex- possible contingeney, and Britain Lent.of the fall would be. limited. will emerge from the crisis, as sho The result would likely be that we has emerged from graver emer- would have to pay higher for gencles, stronger and moro pros- things we buy from abroad, perous than before."-Reuter.
and raw
Other Poinis Made, Imported foodstuffs materials enter so largely into the articles we consume that we must expect to sec, over the next few meeting our obligations and help.. months, some rise in the cost of ing reconstruction, and if we fail imported goods, but the rise was it is because the undertaking was not likely to be very large. So far too heavy. It does not seem to me as the great mass of the people that other countries can challenge We exported to were concerned that really is the our endeavours.
'America ... during the period worst we have how to fear.
jimmediately after tha War
actual
the gold to
valuo "I want to say, most emphatical of 2322,000,000, tó discharge ly, there is not the slightest cause our obligations. Wo funded our for the least anxiety about the War Debte to the United States and
A SURVIVOR'S GRAPHIC AND PITIFUL STORY
CLINGING TO A PLANK.
SEES OTHERS WASHED OFF AND DROWNED
INQUIRY COURT'S FINDING.
"
a discussion between the Captain and Chief Officer.
Rolling, Terribly.
་
Washed off a Plank.
I
No Need For Anxiety.
I
Rugby, Yesterday, "We set an example both as to
or savings banks. It is perfectly £280,000,000, representing nearly 30 cafe. Avuid panic, for panie can per cent. of the debt at the date
and with!
of prices at present. The crisis is the British taxpayer has been pay-
year in interest." far more due to the troubles of ing approximately 30,000,000 a other countries than our own.
Britain had a financial banking Now France and the United system the strength and soundness States have acquired, three-quarters of which was above suspicion.. No of the entire gold in the world and one, anywhere in the world, had in their vaults it is largely sterils- the slightest fear in the leading ed and useless for the purpose of British banks being unable to meet promoting international trade. To their obligationa fully, but that make this historical statement was was not true of all banks abroad, not, Mr. Snowden insisted, to over- where bank failures were common look the help recently received by fearful of their own position, had States. occurrences. The foreign banks, Britain from France and the United been removing money they had de- posited in London.
tb 8.30 a.m.' All the people jumped The Court of Inquiry which sat the Captain had given order "In the House of Lords, Govdatesy clear that they would this morning to inquire into the drop anchor, but, it had not been in the water. The ship sank be-money you have placed in banks under settlement we have paid ernment's statement was made by not welcome a conference with a disaster which befell the Indo-done, because the storm had before we could lower the life boats. the Foreign Secretary, Lord view to securing the co-opera-China Steam Navigation Company's come worse and it was decided not
of funding. Although the British tion of central banks, but Bri. Kwangsang, returned the fol- to do so. This was the result of I enw floating in the sea a piece spread without reason Reading.
debt to the United States ropre. of plank on which were two quar-serious consequences." course and towing fading:-
termasters and 2 passengers.
No Food Shortage.
sented only 41 per cent. of the total tain favoured that
We were We find that the Kwongsang,
also seized hold of it. would continue to emphasise the
"Government has made the mbat war debts owing to the United urgency of it,
payments they have "Our internal position is secure. No. 115,883, left Shanghai at, 4.10
I went to bed at midnight but washed off the plank by a wave. and it is vital to maintain that um. on August 8 on a voyage to could not sleep because the ship We tried to get hold of it again. exhaustive enquiries to-day, and States, our
With regard to France, the War country with supplies of all essen- Pusition," said Mr. Snowden, and Hong Kong.
was rolling terribly, At 8.45 a.m. By this time only the masts of the we find we are well stocked in the received. the initial Exchange was added, externally
That on the night of August 9I got up to go on duty. The ty-ship could be seen.
Washed off Plank and Drowned.tials of life. There is not the least Loan made by the British Govern- closed to-day and there were no effect of their action might be she ran into a typhoon, and at phoon was very severe then. Half an hour later one of the danger of a shortage of food or ment to France, after deducting to
"Water in a Hold.
There is not the offsets, amounted at the date of official dealings in foreign ex-serious, but it would be only tem-about 8.30 am, on the 10th sank
At 5 am. the Captain' rung the five persons on the plank was anything else. changes, but banking and other porary and those with confidence in the vicinity of Sugar Loaf Is- business proceeded as usual, and in sterling would not find their land, off Funing Bay, there being second engineer to bail the water drowned. About 5. p.m. only a boy smallest justification for any rise funding to £600,000,000 on which
which had poured into the hold and I were left on the plank, the only three survivors. the, public displayed no trace of confidence misplaced.
We are entitled to
through a hatch. I don't know if others all being washed away. nervousness. In general an op-
The Court would express their the hatch was opengd.
The storm and rain stopped some thing after 4. p.m. timistic feeling prevails, that the cognition by the other creditor
Typhoon Becomes Worse. spectacle of a great financial Powers of their responsibility sincere sympathy to the relatives
Boy Drowned, Between 5 and 6 a.m., the ty power, such as Britain, was fore for the present situation, and of those who lost their lives in
phoon was worse and all the en- About 6 o'clock the boy was 1 drifted for hours ed off the Gold Standard not possibly the present crisis may this disaster.
the way to better inter- The Court was "composed as fol-gineers went Into the engine room. drowned, through any internal weakness pave
the ship'a propeller when I saw a light at about day but by the malfunctioning of the national co-operation; but the im-lows: The Hon. Comdr. G. F. At intervals world's monetary system fol-mediate effects might at least be Hale, R.N. (retired), President; could not reach the water, due to break. lowed by a demoralisation of ex- as serious to countries depend-Lieut.-Comdr. L. G. Addington pitching.
When daylight came I saw hills. a salutary ing upon London as to ourselves (HMS. Tamar): Captain R. A. changes, will have
when we I did not reach the bills until 4 It was after 7 a.m. effect in awkening world opinion and, notwithstanding, the risk of Pritchand (a.s. Borneo); Captain
was Ko to the need for concerted action temporary dislocation of the F. W. Jenkins (8.8. Changchow); heard 3 or 4 bumping sounds from p.m. when I was washed ashore,
of international
(..jaft, as if knocking against a rock. Later I found the land to deal with the fundamentals of machinery
and Captain .C. Stringer
Lau Chuen (near Funingfo). Engine Stopped. credit, he hoped sterling would
Kwangchow), ..
Collapsed. the depression.
At 7.20 "atand by" was tele-
I started to walk to the village, Messages from abroad indicate continue to serve as the medium
Mr. C. Bulmer Johnson watched
varique followed by He saw
The that the nature of the emergency of international trade
The engine stopped at but collapsed on the way, with which the country was no reason why sterling should the proceedings in the interests of graphed,
lage. I came to the following day faced is well understood, and depreciate to a substantial ex-the Indo-China Steam Navigation orders.
and rested there several days. the courage of the action taken tent or for any great length of Co, and others present in Court 17.30, and I went aft to start the villagers carried me into the
Up on Deck to Help. Engineer,
Survivors. Captain D. Į is appreciated. British Wireless time, provided our finances were were Mr. W. Sanderson, Superin-ballast pump.
tendent administered with proper care.
Knowing there was no help the
(August-12), Service.
One day after Skinner, Marine Superintendent, Firmly Confident, London, Yesterday.
We all saw the firemen's cook (Soo Kwa- Concluding on a note of firm Mr. E. F. Aucott, Manager of the engineers asked me to go to the The London Stock Exchange will be closed to-morrow (Sep- confidence, the Chancellor of the Company, and Captain T. Tupper deck with them..
Laurenson, representing the China went up. Here all the people on yuen) brought in by villagers. tember 22). Thereafter, deci-Exchequer emphasised, "There
the ship were gathered and put on Then we had a note from another All the life boats on the surviver, Wong Feo-tin, asking us I could not sions will be taken from day to is no need to print paper. Wa Coast Officers' Gullḍ.
At the time of the disaster the belts. day in regard to opening and can face the position with calm-
hess. Our inherent strength will Kwongaang carried a crew of 78, poop deck were washed away. The to go to his place. closing.-Reuter.
we three went to Fuklen in à plg first class passenger (Mr. four amidship remained. The aft walk, so Soo went alone. Finally pull us through the temporary i one
It was
we took the Shroff), roughly about 40 Chinese, was gradually subaiding. difficulties." In the absence of official quo-
8.8. Hwah Nam to Bhanghai. Labour Help.
passengers, and some sheep and raining heavily and the wind was junk. At Foochow tations only a very small volume of foreign exchange business Mr. Arthur Henderson agreed horses, besides general cargo blowing very hard. an
that there was no need for panic,
Rugby, Yesterday.
was done at tentative rates British Wireless Service.
London. Yesterday,
and assured
.....
Bumps.
Engine Room. Flooded.
Washed Ashore,
Cool Heads and Steady Nerves.
"Let's keep cool heads and steady vil-nerves. Any man who attempts to
A Survivor's Story.
Lieut-Commander W. L B. The first witness called was Lee Government that
Two anchors were dropped on Adams, R.N., Captain of the H.M.S the Labour Party' would do their Bel-yuen, one of the three survi-
the instruction of the Captain. He Sepoy, gove detailed evidence of ¦ The Prince of Wales occupied utmost to avoid doing anything vers. He said:
I was No, 2 fireman on the s.s. then asked the quartermaster what the search conducted by his vessel, a seat over the clock, when an calculated to produce, a panic at
Kwongsang. On August 8 the was the depth water and was and what was found and come animated and almost excited Home or abroad.
Teachers' Wage Cuts. Bhip left Shanghai for Hong Kong. told 34 fathoms. Sailors reported across.
Evidence corroborating Leo Bel- House assembled to hear Mr,
London, Yesterday. Nothing happened until 10 p.m. on that the engine, room was full of Philip Snowden Introduce the
when a storm started. water. All the ship's officers were yuen's story was given by the other
two survivors Wong In the House of Commons the August 9
Foo-tin, Gold Standard: Bill.
Ship Sinks,
(sailor) and Boo Kwal-yuen (fire- Premier announced to-day that At midnight, the No. 1 fireman on the bridge deck
Mr. Snowden explained that the measure would not affect the free gold market in London, and
*
3
in order to avoid hardships, the went off daty and returned to the
(Continued on Page 12.) cabin I shared with him. He said The whole ship enbmerged at men's cook).
FINE.
The Royal Observatory's re- 'port Issued at 10.40 am. to- day says:-
The typhoon is about 50 miles N.W. of Aparri, moving, N.N.W., and threatening the coast near Amoy.
The anticyclone is central". over the Sea of Japan..
Forecast:-NE: winds, moit: derate; fine.
Typhoon Warnlog.
The following telegram was received from the Manila Ob- servatory by the American Consulate General this morn- ing:-
Manila, 9.15 p.m., Sept. 21- Cyclone or Typhoon W. of Aparri, moving N.W. qr N.N.W. Another telegram was re ceived by the American Con-.
What World Must Learn." The world must learn that the exlating economic system could not be maintained, if everybddy tried
(Continued on Pagh 12.)
sulate General this morning;—— Manila, Sept. 22, 10.15 a... -Typhoon in about 121. deg., Long. E., 19. deg. Lat, N.; mov- ing NN.W.
Rainfall
Rainfall for 24 houra end.. ed at 10 am. to-day, nfl. Total since January 17144 Inches against an average of 73.37 inches deficit 193
·Inches,-
Temperature:
The temperature at certain specified centres this morning nt 6'o'clock was:—
Hong Kong
Масал
Pratas Island Manila .Foochow
48
-.77
Amoy Chefoo
Shanghai
68