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to-day at 1/8 3-4.

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Est. 1845.

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

Sparton Model 10

Tel. 27806.

No. 28,287 HONG KONG, SATURDAY, DECEMBER 10, 1932.

ELL.1845.

PRICE $3.00 Per Month.

All that is known about tyre making is ambodled in

DUNLOP

TYRES

BRITAIN AND FRANCE FIRM IN DEMAND FOR WAR DEBT PARLEY

LONDON DECIDES TO

RACE SELECTIONS

FOR TO DAY

(By AJAX).

THE closing meeting of the 1932)

Tracing senson at the Valley this afternoon promises to be one of the brightest meetings of the year, and three excellent races for the Autumn Champions are assured.

PAY U.S. IN GOLD

CABINET SESSION EARLY

IN COMING

CHANGE IN PARIS

WEEK

ATTITUDE

LONDON, TO-DAY.

IT IS NOW CONSIDERED LIKELY THAT FRANCE, AS WELL AS GREAT BRITAIN, WILL MEET THE PAYMENT ON HER WAR DEBT TO AMERICA DUE NEXT WEEK, AND THAT SHE WILL PAY IN GOLD. IT IS FURTHER UNDERSTOOD IN Two races for Australian ponies THE BEST-INFORMED CIRCLES THAT BOTH NATIONS WILL are included in the programme of eight races, but no event for novice STAND FIRM ON THEIR DEMAND THAT THE ENTIRE WAR riders is included. Many of them, DEBT PROBLEM SHOULD BE REVIEWED IN THE IMMEDIATE however, will be riding in other FUTURE,

races.

Mr. Leo Frost, the champlon

Great Britain, it is stated, is particularly anxious, to preserve

jockey, is expected to make new the Lausanne settlement intact. history in the annals of the Jockey

Club. With 48 wins to. his credit!

The likelihood is that Britain and France will ask for some

at the Valley for the season, it is sacrifices from America similar to those they themselves have made

highly probable that he will reach to facilitate the recovery of debtor nations.

50 at to-day's meeting, a feat never

before accomplished on Hong Kong

tarf.

The big face of the day will be the open Autumn Champions. Glen- eagles, the crack pony of the Dunbari stable will undoubtedly start a hot favourite, but in view of the fine forma shown by Sadko during the week, he will be fully extended to win. I still retain my confidence. in Gleneagles.

*

Fortune Bay and Sitting Ball are likely to be two other starters in the event, but neither are likely to prove dangerous. Wild Life and Bag and Baggage are two other en tries who will demand no little sup port, and I think the latter is fit enough to find a place.

(Continued on Page. 14.) "TOUTS" SELECTIONS.

Race 1:-

Blue Star King's Bounty Gay Crusader.

Race 2:-

But After That Canny.

Evening Star.

Race 3:-

Valley Hall

Orlando

Wakefield.

Race 4

Gleneagles

Sadko

Wild Life.

Race 6%-

Bright Star

'Gold Key

Fortune, Bay.

Race 6:

Polar Star......

The Giraffe Friar Tuck

Race 7:

Race B

Racing Boy

Bistro V

·Gold Bar."

Gallant Fox

Banjolina

Christmas Bello.

US. Farmers Ash Help

$500,000,000 Relief Demanded.

1 It is generally understood that

Rowdles floted in London recently when the "Hunger Marchers" came to town. Left is Wal Hannington, National Unemployed. Workers' Movement leader, chaired by comrades who planned to march to the House of Commons on November 1. Hannington was arrested before they start- ed. Right is one of the "rough," who was no match for the burly constables he and companions sought to overcome in a hand-to-hand encounter in Parliament Square and Whitehall

the British Government has de- COMMONER'S

cided to pay America on Decem- ber 16 in gold, which has prob-[. ahly been earmarked for this pur- pose.

It is not expected that it will be sent to America at once.

SON FREE ON ARSON CHARGE

J. de P. Mayhew Denies

Setting Fire

ON FATHER'S FARM.

M. JOSEPH AVENOL ́SUCCEEDS SIR ERIC DRUMMOND.

League Appoints Frenchman As Secretary-General.

London, Today

Reply To France... TAGS Paris, To-day.

The American, noto to France

By: 42 votes out of a total of rejects the possibility of suspen

48, the League Assembly at Gen- sion of the next instalment of the

eva yesterday appointed Monsieur Jasenh Avenot to the past of war debt and reiterates President

London, To-day. Secretary General of the LeagueTM Hoover's views as to the possibi-

John de Perigault Mayhew, 25,sion to Sir Erie. D lity of subsequent adjustment by the offering to America of com-son of Col. J. D. Mayhew, M.P., and son-in-law of Viscount Talk- pensatory economic benefits.

The Chamber of the Foreign land, charged with attempting to Affairs Commission yesterday set fire to his father's farm in voted in favour of paying the Sussex, was acquitted at the Lewes December instalment of the Assizes after giving evidence that to the United he was examining with matches a from States, subject to the summon- crevice where it would be easy to consultationing of a conference to review start a fire when guards found him

the whole problem of war debts. apparently setting a blaze... Pre

He emphatically denied that He

Lord Beaverbrdak, the news"- paper proprietor, who, ad- vocates default of the war debt payment by Britain. The Chancellor of the Ex- chequer, Mr. Neville. Cham

returned berlain just Paris,

was in yesterday with Acting mier Stanley Baldwin and

debts |war

other Ministers regarding the N. V. INTERESTS URGE STUDY

war debts question which was

discussed in the light of the

in

FREE OF DEBTS.

WAS concerned with the recurring

outbreaks

He broke out his father's earlier evidence that they were on the very beat of terms.

Warn Against Any Harsh Policy.

New York; To-day. American reply to the British Note and of the Anglo-French The board of Managers of the New

Mr. Justice Hawke summing up, Ministerial

York Exchange yesterday passed a conversations

resolutioned urging a fresh study agreed with counsel that the rase Paris.

W28 most remarkable both in of the war debt problem "as an economic rather than a political things proved and things unprov- question." They also urge 20 drastic action should be taken in respect of any nation so that trade with America should be restricted.

Final decision as to the terms of the communication to be addressed to the Unit- ed States Government will be recorded at a formal meet- Ing of Cabinet, probably on

Monday or Tuesday of next-Reuter. week,...

Prime Minister, Ramsay Mac- DOLLAR AND SILVER

Donald, and Foreign Secretary. HOLD STEADY.

ed-Reuter.

Five Powers Conference

Drum-

to

A resolution paying tribula Sir Eric Drummond's great ser vices in furthering the League's ideals of justice and peace, and recommending that his portrait be placed in the Faisee of the League now in the course of construction, was adopted-British Wireless. Service.

ANTI- JAPANESE THREATS MADE

AT SHANGHAI

Consulate Roused To

Protest.

RADICAL HANDBILLS."

[From Our Own Correspondent.J

5.

New Move To Orient Peace

Committee Of 19 Takes Problem.

London To-day. The Assembly of the League of Nations at Genc- va, yesterday afternoon, unanimously decided to re quest the Committee of Nineteen, firstly to examine the work of the Lytton Com mission, the oservations of both Japan and China -thereon, and the opinions.

and suggestions put forward in the League Assembly, and all documents that have been submitted; and second- -ly to draw up and submit to the Assembly proposals for settlement of the Sino- Japanese dispute., British Wireless Service.

SOVIET READY

TO PLAN NEW

TRADE PACT

Argees To British Proposals,

DELEGATES NAMED

London, To-day. Soviet Government note: to Great Britain ac cepts the British proposal to commence negotiations for a new commercial treaty between the two countries. Router.

Deputies Namèd..

A note has been received at the Foreign Office from the Soviet Ambassador in London, Monsieur Maisky, which states that, having considered the note of the Secretary for For eigni

Affairs of October 17, as well as the proposal of the Secretary to commence nego- tiations for a new commercial treaty, made to me during my conversation with him on Novem ber 11, the Government of the Soviet Union accepta the proposal and is prepared to commence ne-

gotiationally and the Soviet

M. Maisky “

trade representative in Britain,

M. Alexandre. Oseraky, have been

entrusted with the contuct of ne- Fotiations. British Wireless Service.

CONVICT CUT

DOWN DURING

GAOL FIGHT

Fellow Prisoner On Serious Charge,

AXE USED AS WEAPON.

A savage attack, with an axe, an short term prisoner made by a convict in Victoria Gaol on Wednes day, was brought to light in the Central Police Court this morning when, before Mr. Grantham, Tse Kau, prisoner No. 67, was formally charged with maliciously wounding Tam Tak, with intent to main, dia- figure or disable. The charge was

not asked to plead.

COPPER CONFERENCE explained to the prisoner who was

BREAKS DOWN.

No Agreement To Cut Production.

Detective Inspector J. Murphy, who was charge of the Police case, informed the Magistrate that Tam Tak is lying in the Government Civil Hospital in a serious condition. A doctor's certificate stated that the injured man may not be out of hos- pital for two months. He may New York, To-day. Shanghai, To-day, Foreign Settlement police It is understood hero in well-in-have to have one or both arma found anti-Japanese slogans formed quarters that the Inter- amputated. The accused was ser- "Chiang Kai-shek lives at ease, national Copper Conference has ving a long term. Geneva, To-day Wang Ching-wel takea shelter broken down without any agree. The "Big Five," Great Britain, abroad, Chang Haueh-liang ment being reached to curtail pro session. A factor in the situa- The local dollar remained steady France, Italy, America and Ger- loves beauty, but not his coun-duction, tion to which the British Gov- this morning after its fall to 134 many, were in conference yester try printed on handbills and The export price of copper broke ernment attach is the utmost im- yesterday, Silver prices also re-day for two and a quarter hours, thrown from the Sun Sun stare to five cents a pound and leading portance is the maintenance of mained steady, spot being quoted at Though no agreement was reach roof garden on to Nanking Road copper shares declined everywhere recently owing to the tremendous ed; a hopeful atmosphere prevail- to-day the Lausanne agreements. In 17 and forward at 17 11/16. ⠀⠀ the situation created by the re- The London on New York crossed on the matter of armamente. The handbills predicted dire over-production and waning do fusal of the American Govern-rate remained unchanged this A draft agreement submitted by calamities to those disobeying mand-Beater, ment to postpone the December morning at £-G$3.28%, while the Baron von Neutrath was discussed the instructions of the com- payments, consultation with the New York on London rate improved with the result that a clearer un posers. French Ministers was an essen- from G63,221⁄2 15 -G88.28% tial step to this end.

Sir John Simon, may return from

Genova to attend the Cabinet!

"Ready Appreciation, depe

derstanding was attained,

It is understood that the Admiral Pratt Opposed

French Ministers showed a ready appreciation of the British de- sire to preserve the Lausanne settlement intact A

Although the final Cabinet decision has yet to be taken, It la generally assumed here that the payment to the United States will be made by Britain next week and that that payment will be appro-made in

Also believed the pay- ment

Washington To-day, Vice-President rtis presented to the Senate yesterda from the National

Conf

ce, demandin

whole

To US Navy Reductions the one will be assaulted by men

Su and Ma Safe

Says New Report

Shanghai, To-day

(Continued on Page 4) LITTLE BUSINESS ON LONDON EXCHANGE.

New York Stock On Upward Trend. “

Business in all sections on the London Stock Exchange, has been

of Messrs. Swan, Culbertson and

very limited, states the dally report Fritz, received here to-day

From the New York Stock Ex- change, Messrs, E. A Plance and

Anyone selling Japanese goodz will soc his mily perish by the plague, the wives traitorous merchants will-be- come Japanese playthings, while

The Japanese report that Gen Company report: "This afternoon's of Japan All Chinese tra

Tise la interpreted as a technical eral Su Ping-won had been hand-signal of some Importance and as Washington, To-day For the lack of such a program dealing in Japanese goods

ed over to the Japanese military meaning that the resistance of levels ntinued, "the have robbers for sons and Admiral William V. Pratt, Chief me, the admiral

authorities is authoritatively de- in the upper limits of the narrow up to strengthtitutes for daughters,"

nied from Moscow, where it is trading range were giving way, thers our

Japanese community is in-stated that he and his staff have sign that ordinarily means the con-

this revival hatred and been given permission to go to tinuance of the rally. for the nsulate is preparing & Europe: the

vigorods protest.

of Naval Operations, declared In Uni

report that further the navy would not Impairing

in cer

He

tion

ates is

classe

in Shang

colle

Meanwhile General

Aole of Work, at which there what is reported to have

for the

attendance,

ed that he has

gamate

troops

der to

unfavour-

the @bescon- destructive:

Band

the

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