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China Mail
ESTABLISHED 1845.
No. 28,070 ́- HONG KONG, FRIDAY, APRIL 1, 1932.
TO-DAY'S closing* demand,
DOLLAR”----
the doll"
RICE $3.00 Per Month.
Cour
DU
OP
Class
REMARKABLE FINANCIAL YEAR EXPERIENCED IN GREAT BRITAIN.
FINANCIAL YEAR IN GREAT BRITAIN
SURPLUS OF £364,000
MOST REMARKABLE YEAR IN HISTORY.
U.S.
AND
FRANCE PAID
London, Yesterday.
The most remarkable year in Great Britain's financial history concluded with the revised Budget balanced, and leaving a surplus for 1931-32 of £364,000.
BUDGET-BALANCING
DRIVE.
Representatives and Wall Street.
$744,000,000 NOW PROVIDED.
CONVICT
SOLVES RIDDLE
Washington, Yesterday How Dartmoor
Continuing the drive to balance the Budget, the House of Repre sentatives to-day turned its ai- tention to Wall Street, despite opposition of the representatives from New York.
The House voted taxes of one quarter of one per cent. on the sale prices of stocks; five cents. per hundred dollars on the sales of grain, cotton, and other pro- duce: fifty cents per five hun- dred dollars on real estate con- veyances; and one-eighth of one ner cent on all bond transactions.
This figure is arrived at after providing £32,500,000 for the redemption of debt, taking from the dollar exchange account £12,750,000, including $11,000,000 and $13,000,000 an- interest, instead of £23,000,000, including interest, which the revised Budget in September contem plated taking from it to enable the Budget to
balance.
The dollar account is a relic of the War when American and Canadian securities held in Bri- tain by corporations and private investors were mobilised by the Chancellor of the Exchequer in order to meet the dollar payments.
THE FIRST STAGE OF NATIONAL
GOVERNMENT'S PROGRAMME.
The financial year's working than the Budget estimate, while marks the successful completion stamps, which were estimated to
$744,000.000 American Service.
Fire Started
GRAVE EUR
SITUA
Financial Situations
of Countries.
LEAGUE COUNCIL SUMMONED.
Rugby, Yesterday.". Owing to the gravity of the {financial "situation in Austria, Hungary, Greece, and Bulgaria, a meeting of the League of Nations" Council has been summoned for April 12.
Prisoner Has No This action is taken following the
Qualms
Startling Statement
*
Further Taxation Voted, Taxes on soft drinks and capi- tal issues of bonds and stocks,
(Reuter's Special Service.) which are expected to provide
London, Yesterday. nually, respectively, were voted by the House of Representatives An amazing statement last night.
Total taxation has now provid- in which one of
the ac ed
Reuter's cused convicts is alleged to have admitted start ing the fire in the Dart moor Prison mutiny last January was read in the Court at Princetown G to-day.
PREMIER'S EMPHATIC
DENIAL.
Concerning the Irish Free State.
AT OTTAWA CONFERENCE.
Ottawa, Yesterday.
pport of the Financial Committee TE the League, which recently met
Geneva, massages state that the
CURFEW ABOLISHED IN SHANGHAI
CITY GOES MAD
NEW YEAR'S EVE SPIRIT PERVADES EVERYWHERE..
GLIMPSE OF OLD SHANGHAI
(From Our Own Correspondent).
Shanghai, To-day.
The first night of the suspension of the curfew report advance proposals for in Singhai proved uneventful, and the streets mellorating the situation which de- were more or less feserted, and the Municipal polic
hands the prompt attention of the
gue Council.--British Wireless ing powers have now been restored in Hongkew. Trylee
Thousands of Chinese businessmen, small ACTORIES ARE NOW shop-keepers, and mill factory owners are prepar-
ing to resume normal operations. TO RE-OPEN.
Agreemen Fast
Reached EMPLOYED SINCE NOVEMBER
Enschede, Yesterday.
agreement on the be
adual Wage reductions was each
between employers and
which 18,000 have been on strike since November,
Although the factories are re-
opening on Monday, other Unions
The letter addressed to Major Pannall, Gov- the strike, which, it is feared, may
ard agitating for a continuance of
lead to disorders,--Reuter,
James Cosgrave TRAGEDY IN SMALL
A most emphatic denial to a re-ernor's Office, and signed port in a local newspaper regard- ing the possible refusal of a seat by at the Imperial: Conference to the Irish Free State was given by the states:- Canadian Premior, the Hon. Mr.
of the first stage of the National produce £20,000,000, fell short Bennett, in the House of Commons.
"I was standing out-
+
VILLA..
Found Dead,
Government's programme to lay by £3,000,000. Customs and ex- He said that the Irish Free State Bide the Governor's Office, Malayan Rubber Planter a sound foundation for future ciae revenue was estimated to had already accepted the invitation which was all smashed prosperity, by first establishing produce a total of £253,000,000, to attend the Conference and had confidence at Home and abroad and actual receipts have exceed agreed to a postponement of the up, and then entered the
opening of the Conference from by balancing the Budget. ed this sum by £3,000,000, but of July 18 to July, 21, to suit the con- room by the window and The Chancellor of the Exche this about £2,000,000 is on ac-venience of some of the delegates found six men in posses- quer instead of sitting anxiously count of new import duties un- Reuter.
in the Treasury awaiting final der the Abnormal Importation
figures is now taking his lase at Act, the Horticultural Products KING AND QUEEN
u fishing village on the De.
Act and the Import Duties Act.
Post Office net receipt is 1932, estimates amoured to
£700,000 Tess than expected and £770,968,000 and expendture to £770,599,000. Income tax and there is a further shortage in super tax yielded £19,00,000 receipts from sundry loans and above the estimates.
miscellaneous revenue.
These two latter heads were The Treasur anounces that
estimated at $58,200,000 and $80,000,000 worth of Bills which
have realised only £48,728,000. matured for March 29 New
The difference is due mainly to York were repaid, Ikewise 900,000,000 francs repreenting reduction in amount paid to mis- credit given by French banks.
The Treasury retains the right to reborrow folla period ofwelve months after the grant of the credits during last Augut and September. Reuter.
Actual Figures,
cellaneous revenue change account.
from ex-
The Brediture Side. On the expenditure side, per manent debt charge as revised by the September Budget was
AT WINDSOR.
NIGHT - LIFE RETURNS.
Night-life devotees filled dozens of cabarets, and other amusement palaces celebrated abolition of the curfew. Some places were assum ing the aspect of New Year's Eg hilarity. Chimes restaurants and amusement resorts are re-opening on Saturday. Foochow Road, Shanghai wax was ain resplendent
SHANGHAI LADIES
XTEND SYMPATHY:
Poseidon Disaster and Hongkew Incident.
BRITISH WOMEN'S "ASSOCIATION
(Prom Our Own Correspondent.] Shanghai, To-day.
DR. -YEN RECEIVES BAD NEWS.
Armistice Discussions
The
Futile.
TAITSANG SITUATION.
Geneva, Yesterday. Chinese Vice-Foreign
Minister has cabled Dr. W. W. At the annual meeting of the Yen that the Japanese are adam-
POLICE INVESTIGATING
| British Women's Association ‘anjant in refusing to withdraw com- Nice, Yesterday interesting fact was disclosed in pletely, and he is therefore of Ernest M. T. Cummins, a well-connection with the Poseidon the opinion that it is futile to sion. I got hold of a known rubber planter in the submarine disaster.
continue armistice discussions. Malay States who has been ly
Sir Miles Lampson reports newspaper to start the ing here since last Summer in a "A message of sympathy was further war-like incidents in the fire and then I left. I am been found dead under circum-tish Women in Shanghai to Ad- BRIGADES OF OLD
small villa near Monte Carlo, has dispatched on behalf of the Bri- region of Taitsang-Reuter, not very sorry that I did stances into which the police are
enquiring-Reuter. this as I have my own reason for I what I did, Rugby, Yesterday and I will do the same Their Majesties the King and Queen this afternoon motored to again. I will let the Windsor Castle, where they are expected to remain in residence Home Office know why I started the fire later as throughout April...
Princess Elizabeth's Birthday.
THE DANUBIAN PROBLEM. Preliminary Survey
to Be Made.
Rugby, Yesterday. A meeting of the represe
During their stay there they During the hearing will be visited by the Duke and Duchess of York, the Frincess charges against thirty of four of the great powers, to Royal and her husband, Lard Harewood, and other members of two prisoners were unde, make preliminary survey of the
All the accused
the Royal Family.
Princess Elizabeth who will be six on April 21 will probably mitted for trial
end her birthday with her ing Richardson,
Delhurst, who giving evidence, discharged.
grand parents at Windsor-Bri- | Axed · at £822,000,000, which in-tish Wireless Service:
cluded £82,500,000 for debt re- Rugby, Yesterday,
of this The National accounts show demption. The whole
and
revenue, aurig the sum has been issued and applied proposed in the second Budget ted to £770,43,000 in the manner provided.
On supply services a substar to £770,89,000.
ori" revised Budget for casted in saving is shown.
receipts from home ginal Budget estimate $272,000,000; from April was $489,000,000, while
of £73,000,0
yed in the
87,400.
vised financial
September thi
These economies were estim- ated to save $70,000,000 in the full year and £22,000,000 In the remainder of the veurrent year.
*issue-has In fact, the Excheq been proved to be 2489,200,000, showing a saving of 212,600,000. In the sed estimates
saving in the past ierefore, “amounted 00% ** the total ex- 770;500,000 is thus
FINE GENERALLY.
Danubian problem; and to lay down guiding principles for the assistance the later conference of Danubian will be held in London about and the middle of next week British
fireless Servics,
were
report-issue:i. oyal Observatory
contral and
-PASSENGER FARES
REDUCED.
| North Atlantic Shipping
Conferen
miral-Kelly, who transmitted it to dependants of the victims. Letters of sympathy were also sent to the mothers of two Bri- tish, Ballors who were killed by shell-fire on the Hongkew Wharf during the Shanghai hostilities.
THE NEW SYSTEM OF
TAGGING.
KIRIN ARMY.
Capitulating to Join the New Army.
(Reuter's Pacific Service,)---
Harbin, To-day
It is reported that the 28th. and 22nd Brigades of the old. Kirin Army have cantisisted, and are "enrolling in the. new Army.
Sharply Divided Groups The 28th Brigade arrived at
at Lotien.
(Reuter's Pacific Service.)
Shanghai, To-day The war areas held by Japanese troops now have a new sys
tagging Chinese villagers.
An Instance of this is afforded at Lotiem near Liuho, which is sharply divided into two groups of taggad and und
Chinese civilians.
Imienpo this morning and it is stated that it will be transferred to the Southern line for the sup- pression of Bandits,
The 22nd Brigade will be stationed at Imienpo.
PRINTER SOUNDLY BEATEN.
troops offer friend-Picked Up Unconscious
only_to__Chinese have accepted and Japanese tags, which umbered white pieces of dentifying each Chinese
Beemanlar
in Shanghai.
Renter's Pacific: Sar
Yesterday