OIL INVESTORS
PANIC.
Royal Duch Shares
Slump.
SOVIET EFFORT TO CAPTURE MARKETS?
SELLING DELUGE.
London, Yesterday.
SPARTON SUPER
MODERN
Radio
Your Dealer
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A gigantic effort on the part of Soviet Russia to smash the Royal Dutch-Shell group and thus capture the world oil markets is Sir Henri Deterding's explann- tion of yesterday's deluge of well- ing Royal Dutch shares on the London Stock Exchange, accord- ing to the Daily Mirror.
an interview Sir Henri
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Tel. 27806,
The dollar, on demand, closed to-day at 1/2d.
Court
China Mail
No. 28,088
EIGHTY-EIGHTH YEAR OF PUBLICATION
HONG KONG, FRIDAY, APRIL 22, 1932.
PRICE $3.00 Per Month.
JAPAN DETERMINED TO HOLD MANCHURIA
War Minister Warns League, Soviet, "Hands Off"
WILL RESIST ANY APPLICATION OF TREATIES.
WILL
MAKE NEW STATE A PARADISE
Tokyo, To-day.
REDUCTION OF BANK RATE.
Stimulating Effect in London.
BRITISH FUNDS RISE.
Bankers Will Not Attend Imperial Conference.
London, Yesterday. The reduction of the Bank of England rate to-day from 3/2 to 3 per cent. thus halving the rate within nine weeks was welcomed in the
“Hands off Manchuria," warned Japan's War city, and had a stimulat- ing effect. British Minister, General Araki, to the League of Nations funds, after a firm open-
The FORT Hall Mark
of a Superlative Product
DUNLOP
BRITAIN TO INCREASE TARIFFS
ADVISORY COMMITTEE ANNOUNCES NEW DUTIES
20 PER CENT. ON MOST MANUFACTURED GOODS
JAPAN TO FORCE ISSUE.
Does Not Recognise Committee of 19.
SHANGHAI SETTLEMENT. While it is an open secret that
APRIL 25 AS EFFECTIVE DATE IS RECOMMENDED
London, To-day. A twenty per cent, tariff has been imposed on nearly all manufactured goods imported into Bri- tain from April 25, with ten to fifteen per cent, in a number of cases.
Twenty-five to thirty per cent. has been impos- cate with reported Moscow back- ing organised by the Kokuhonsha Patriotic Society, up after the announce- from the League rather than agree ed on a number of luxury and semi-luxury goods, cate with expressed confidence in which forms the members of the present country-ment, finishing with a in Manchuria, it. is reliably stated and 33.1/3 per cent. on semi-finish steel for at least
wide nationalist movement.
general rate of 1/16 to that there is a growing advocacy three months until a more permanent scheme has
Deterding declared that shares and to Moscow, when speaking at an Osaka meeting, were again marked Japan is determined to withdraw
were "beared" by a Paris syndi-
NAVAL GUARDS IN
CHINA.
to make Manchuria a paradise on
make Manchuria a paradise on the Far East.
OIL CONCESSIONS IN IRAQ.
declared
or. the
DIPLOMATS MEET
AT GENEVA...
the of Article XV.
Mukden, Yesterday,
Exemptions.
Three Board of Trade Orders under the Abnormal Importations Exemptions from it at present Act will be revoked on April 25, include wheat, meat, maize, the and goods liable to duties of 50 per most important raw materials such
the group to withstand the cun- ningly-organised Russian attack.
of Japan forcing the issue over He added that any panic by in-
Declaring furthermore that, earth, and a safe place for every 3/8. vestors was absurd. As a result
teen handling the Shanghai Armis- been established. will
resist one,
Asked whether bank the question of Committee Nine- resolutely
the War Minister of the selling orders from the Japan
Such are the recommendations of import ers or other authorities tice negotiations as Japan has duties made by the Advisory Committee and issued United States, Paris, and Amster. Any attempt to apply the Nine that nothing the League dam, Royal Dutch shares fell Power Treaty, the War Minister Soviet or anyone else do can make
оп monetary affairs never recognised the committees
competence to deal with this pro- as a White Paper.. 45/- yesterday, representing a drew attention to the threatening Japan deviate from her couree. depreciation of £11,000,000, chief- situation in North Manchurin due He added: "It is time for the would attend the Impleme
to co-operate
Moreover Japan is convinced ly attributed to fears of a forth-to the Soviet masaing troops along Japanese to decide
gime in Manchuria for the estab- tawa for discussion and postpone reaching a settlement. coming divident reduction, the frontier and strengthening the wholeheartedly with the new reperial Conference in Ot-
that intervention merely serves to the possibility of the dividend air forces in the Far East.
lishment of a great civilisation in for formulating a com- passing altogether, Reuter,
mon Imperial monetary LYTTON COMMISSION. policy, Major W. Elliott, Secretary to the Trea- Arriving in Manchuria. sury, in the House of Commons to-chan said he did not know what steps if any, were being taken by the Dominions, but so far as the United "The Government does not in-
BRITISH DISARMAMENT PLAN. Kingdom was concern. tend altering its policy requiring ship-owners to pay for Naval
ed, it was not proposed day and then, it is reported, re- There will be a fifteen per cent. Geneva, Yesterday. guards as a protection against
Five nations were represented to issue such invitations. turned to Chinwangtao, where it duty on plpte and sheet-glass, piracy in the China Seas, an- nounced Sir Bolton Eyres-Mon- sion in Iraq was formally signed at a luncheon party given by the
The delegates would, is understood they are waiting cordage ropes, twine, pulp and sell, the Firat Lord of the Ad- yesterday in Bagdad between Nuri Marquis of Londonderry to-day however, be well ac- Lytton and he other Commisery, tools, metal doors, window- till they are informed that Lord paper-board, agricultural machin- Ramsay Mac- miralty, in the House of Com-Pasha, the Iraq Prime Minister, including Mr. mons to-day.
and a representative of the British Donald, M. Tardieu, Mr. Henry quainted with the views sioners have arrived at Mukden frames and dressed leather.
before going there by train. -** The twenty-five per cent. list in- He added that the Navy's re- Oil Development Company, an or- L. Stimson, Herr Bruening, Signor of bankers and econom-Reuter.
which not only Grandi and Sir John Simon, who
cludes fruit, pulp, leather trunks sponsibilities do not extend to ganisation in
and were assembled for the disarma- ists on the subject.-Bri-
|and bage, unexposed and sensitised ment discussions, which have tish Wireless Service.
photographic paper, reached a critical stage.
Ship-Owners Must Pay.
London, Yesterday.
New Contract Signed.
V
BRITISH COMPANY'S LEASE.
London, Yesterday.
A contract for a new oil conces-
an area of 200
International Problems.
decision by the World's leading
the protection of vessels against Eritish but Italian, French outbreaks of internal piracy, German interests are concerned.
It is stated that the terms involve namely, mutiny and looting by
The situation is now ripe for a the
and passengers
crews. the whole of the western bank of Nevertheless, in addition to all the Tigris zone,
statesmen and the gravity of the practicable steps to protect Bri-square miles. tishers against piratical vessels, The Company by this agreement position is shown by the fact the Naval authorities had, organ-obtains the right for the full ex- that M. Tardieu interrupted the ised a force of armed police ploitation of the area concerned French election campaign while guards,
whose
were during a period of seventy-five] Herr services available on payment.. -- Reuter. years.
+
EDGAR WALLACE'S ESTATE.
in
Daily Mail's Revelation.
T
cent. under the Act will now be aa cotton, wool and other fibres, subject to a ten per cent. ad hides, skins, rubber, iron ore and valorem duty and the majority to crude and non-ferrous metals. additional duties.
While the Advisory Committee The twenty per cent. category will consider all requests, they do includes mostly pottery, glassware not propose, save in exceptional All the sections of the League and textile manufactures (except cases, to recommend a reduction in Commission arrived safely at 8 yarns), paper and manufactures, duties. For twelve months they rubber manufactures, are ready to propose higher duties o'clock this evening. Reuter, thereof,
Visit to Great Wall.,
brooms, brushes, cutlery, all in appropriate cases. Reuter. Peking, Yesterday. machinery, some chemical products, General McCoy and Signor canned vegetables and electrical
¶¶¶¶¶ÐURTIGLUM Marescotti visited the Great Wall goods. of China at Shanhalkwan yester-
16 Per Cent, List,
MA IN HIDING.
Said to Have Taken $2,000,000.
Shanghai, Yesterday.
4
A thirty per cent. duty will be imposed on toilet preparations and requisites, artificial flowers, beads, bead-trimming, caviare, jewellery, goldsmiths” and silversmiths” wares, apparel and other fur articles.
A traveller from Japan de-
It should be noted that the ad- clares that a strict ban has been ditional duties only apply to goods placed on all mention of General to which an import duty of ten per Ma Chan-shan and his activities cent. under the Act will apply..
Bruening remained Geneva despite Germany's press- ing problems,
Sir Thomas Horder, Mr. Mac- WRITER STATED TO BE IN DEBT and all cables referring to him Donald's doctor, was present at the luncheon.
WILD RIOTS OUTSIDE International support is rally-
NEW YORK CITY HALL
10 INJURED IN COMMUNIST DEMONSTRATION
AT DEATH.
are being suppressed.
'General Ma is reported to be
FAIR GENERALLY.
The Royal Observatory's weather report for to-day states:-
The anticyclone is central between S. Japan and the Bonina.
A depression is situated to the west of Shanghai.
Forecast:-S.E. winds, mo- derate; fair generally.
Temperature. Hong Kong
70
Macao
70
Pratas Island Manila
76
94
Foochow
65
67
Swatow
68
61
Amoy.
Chefoo Shanghai
somewhere-near Blagovestchensk, LABOUR GAIN WAKEFIELD
Reuter.
IN BY ELECTION
GREENWOOD NARROWLY DEFEATS
CONSERVATIVE,
LANSBURY IS JUBILANT
Heavy Racing Losses. ing to the British advocacy of a
having fled there, it is alleged, disarmament plan through the
with $2,000,000 from the Man- Startling revelation are expected chukuo Treasury, in addition to a prohibition of certain classes of to be revealed to-day, concerning armaments of the more aggres- the financial affairs of the late Mr. million dollars of his own. He is sive type. The United States, Edgar Wallace, one
said to be in communication with of the most Marshal Chang Hsueh-liang and Germany, Italy, New Zealand prolific Action writers the world with a Soviet officer at Manchull. and Canada have already en-has ever known. dorsed the proposal, which was
It is estimated by the Daily Mail submitted by Sir John Simon. that debts amounting to £81,000) The Canadian delegate, Mr. will be revealed when an affidavit
CREDIT EXTENDED. Perley, to-day declared it to be lodged to-day for the provisional the first concrete proposal after probate of the will. It is further An agreement has been signed
Berlin, Yesterday, three months of talking..
London, Yesterday. estimated that assets to the amount extending from November 10, with the French scheme of placil, will be shown.
The Wakefield Bye-Election, consequent on |ing all heavy bombing aeroplanes
$125,000,000 credit granted to the death of the Conservative member, Dr, G. B. Germany by a group of Anglo- American, Dutch and Swedish Hillman, resulted in the return of the ex-member of the MacDonald Labour Cabinet, Mr. Arthur Greenwood.
400 POLICE CHARGE WITH BATONS The British proposal conflicts of $18,000, with personal estate 1982; to November 10, 1988, the
New York, To-day. | at the disposal of the League, also heavy artillery, large submarines
Wild scenes culminating in ten persons being injured by the police marked a demonstration of several thousand communists outside the City Hall to-day.
and warships over ten thousand STOP PRESS bankers-Heuter.
tons.
Plan Supported.
The representatives of the Irish Free State, South Africa,
G. W Sewell, and G. A. Wright (-80) yesterday won. Four hundred mounted and foot police charged maa, Japan, Holland, Austra
ricket Club the Hong Kon
Champion- Handicap Doubles with batons the crowds of screaming and cursing lia, China, Switzerland and Husahip when they defeated J men and women, while scores of children dived sla also supported the British pro- Rodgerad under the horses' hoofs and rolled into the gutters. Most of the police were injured by women's
The debts are attributed to heavy racing losses-Reuter,
Edgar Wallace,
died Hollywood on February 10, was
had a varied career. In addition
posal.
6-63-6
the
GTBodger by court
Event
"Itulesco, the Roumanian
at the
not oppos
submitted
The result was:- Greenwood Lab.)
A. E. Greaves” (Nat. Con
was returned unopposed to-day in * 18,586 † the Richmond (Surrey) by-election 18,242 caused by the resignation of Bir
The de
the
nails:
Several per
American Serv
vere injured in Philadelphia
demonstration ---Renter