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THE OLDEST ESTABLISHED NEWSPAPER IN THE FAR EAST
No. 28,413
HONG KONG, THURSDAY, MAY 11, 1933. ·
Est. 1845.
PRICE $3.00 Per Month.
GENTLEMEN'S HIGH GRADE
OUTFITTING
AT HOME PRICES
BERNARDS' OF HARWICH
· CHATER ROAD, HONG KONG.
BRITAIN EXTENDS HER MARKETS IN ARGENTINE AND DENMARK
U.S. SENATE
ADOPTS FARM
RELIEF BILL
Agricultural Prices To
Be Raised.
G$2,000,000,000 FOR FARM MORTGAGES
Washington, To-day.
The United States Senate yester- day finally adopted the Farm Re- lief Bill, including the inflation amendment authorising President Roosevelt to reduce the gold con- tent of the dollar or to order a large expansion of currency.
The Bill has been sent to Presi- dent Roosevelt for approval.
Mr. Henry A. Wallace, of lown, Secretary of Agri- culture.
BRITAIN'S NEW TRADE
AGREEMENTS
PACTS WITH ARGENTINA
AND DENMARK
OVER £500,000,000 INVESTED IN RAILWAYS IN THE ARGENTINE
LONDON, TODAY.
THE TRADE AGREEMENTS RECENTLY SIGNED WITH ARGENTINA AND DENMARK WERE DISCUSSED IN THE HOUSE OF COMMONS YESTERDAY. THE PRESIDENT OF BOARD OF TRADE, MR. WALTER RUNCIMAN, SAID THAT THE AGREEMENTS WERE WITH COUNTRIES WHICH HAD BEEN IN CLOSE COMMERCIAL ALLIANCE WITH BRITAIN FOR A VERY LONG TIME.
In Argentina, nearly all great developments of docks, har bours, railways and roads had been done out of facilities provided by Britain. The total amount invested in providing the Argentine with railways was estimated to be over £500,000,000, there being no investment with outside countries comparable with this within the experience of modern industry.
In the case of Denmark, a very large amount of industrial pros- perity had der ended not so much on British enterprise as upon Danish enterprise in British markets. The balance of trade had for the last 20 years been preponderatingly on the side of Denmark.
In 1930, imports from Denmark toms duties, to revert in genera! exceeded the exports to Denmark, to the rates of duty and valuation five times. Following the exhibi- of duty of such goods in force in
1930.
Discussions were to be continu-
Mr. Runciman pointed out as a
JAPANESE
PLANE FLIES
OVER PEKING
No Positive Identification Of Strange Machine.
ALARM AT EARLY MORNING FLIGHT AT 6,000 FEET
Peking, May 11.
Alarm was caused among Chin- ese when a large plane made an ap- pearance over Peking at 5.20 this morning, most observers ni jumping
to the conclusion that it was a Ja-
panese bombing plane.
After passing over the Temple of
Heaven, the plane skirted the south- eastern section of the city and final-
P., paid an official visit to H. M.ly disappeared in a northerly direc
The First Lord of the Admiralty, Sir Bolton Eyres Monsell, M. Frobisher, the Cadet Training Cruiser after her first cruise with naval candeia-Sir Bolton Eyres Monsell, (second from right with Capt. H. A. Forster, M. V. Ing the ship. (SÁŘ G)
U.S. APPROVES
FORMULA FOR
TARIFF TRUCE
Conference Organising
A new clause for the Inflation tion of British goods in Copenhagen, Bill permits President Roosevelt the ratio was reduced in 1932, to eu in Argentina. to accept $200,000,000 in silver four to one, but that did not go
far as part payment of war debts, in-
remarkable fact, that no less than MEETS jenough. stead of the $100,000,000 origin-
Denniark had now under 99 per cent.of the chilled. beef ally proposed
taken to increase the purchase of exported From Argentina came to coal to reduce the 1933-34 level. Britain. They had to bear in raising the percentage of British mind in dealing with Argentina.- coal imported by Denmark froin British Wireless Service. 68 per cent. of the total to RG per cent, which represented
The Farm Reller Bill also empowers the Secretary of Agriculture to try to raise agricultural prices to the averave level of 1909-14, for wheat, corn. cotton, rice and dairy produce and to the average level of 1909-14, for tobacco, hy Laxing "proces- sors such as millers, spin- ners, weavers and refiners. Revenue from this source will
an in
Denmark had now under-
(Continued on Page 7.):
crease of 1,350,000 tons. OFFICER'S DEATH
ON "DISCOVERY"
took that coke purchases should
not fall below the recent level
Regarding iron and steel as the outstanding feature of the in- creased trade Mr. Runcimân cited
be handed over to the farmers the order for the Storstrom
Official Statement In The Commons.
Committee.
TO-DAY 10 ENDORSE DRAFT PROM?
London, To-day, The Organising Committee of the World Economic 'Con-
ference is expected to meet here to-day to endorse the
British formula for a tariff ́ truce.>>
* The formula, which was drafted by. Mr. Norman Davis, the United States envoy in London, Sir John
make up the difference between Bridge, and mentioned a general "LOST OVERBOARD, PRESUMED Simon and Mr. Walter Runciman, the prezent and pre-war prices.
The Bill also authorises a com-
understanding that for Govern-
ment and municipal purposes, the
pensatory taxation on competing first offer of orders of iron and products, including imports, al-steel should be made to United though President Roosevelt is Kingdom firms, coupled, in the understood to have opposed the
DROWNED"
taxing of imports during the case of the Government with a for Overseas Trade, in the House of
tariff truce.
The Bill provides for the re-financing of farm mort gages through a $2,000,000,- 000 bond issue on Govern- ment and land banks. Reuter.
STOCKS RALLY ON WALL STREET
Allied Chemical & Dye Up $5-3-8.
price preference of 10 per cent.
On the other side, Eritain had given an undertaking re- garding Danish bacon and ham. The agreement had achieved something in the way of security for the future,
ARGENTINE PROBLEM.
London, To-day. Colonel D. J. Colville, Secretary
Commons yesterday, said that the inquiry into the cause of the death of the late Captain Carey of the "Discovery" was held under the section of the Merchant Shipping Act under which the mercantile marine officers Superintendent at the port of discharge is required to
An entirely different set of pro- blems presented themselves in verify the statement in the log as regard to Argentina, where, un- to the cause of death.
like Denmark, tariffs were high, Inquiries of this kind were not and attempts had been made to open to the public.
The
secure a reduction in duties im- ported under their tariffs. Z
President of the Board of Trade, has been approved by America.
It is understood that it smooths out certain difficulties in connection with the British
P... watching the cadets clean-
BRITAIN'S TRADE FIGURES PURGING
SHOW DECLINE
Heavy Drop In Imports And Exports During 1933
London, To-day. British imports: during April totalled £515,100, and exports re- exported £3,030,000...
For the past four months im- ports totalled £210,079,000 **-against- -£246,960,000 last year; exporta, £116,115,000 18 against £127,118,000, End ro-exports, 216.172,000 2 against £20,757,000. -British Wireless Service,
CLERK ROBBED BY
2 EUROPEANS
Hold-Up At St. John's
Cathedral.
LITERATURE
IN GERMANY
Bonfire Of Un-German' Books.
CARICATURES OF JEWS
Berlin, To-day. Huge crowds assembled in the Opera Square here, last night to watch the giant bonfire of "un-Ger- man" books, staged by the Nazis. in pursuance of the campaign for purging German literature.
Uniformed students éscorted van- floads of doomed books which were POLICE INVESTIGATE REPORT accompanied by caricatures of Jews, including a bust of Dr.
A hold-up by two Europeans Magnus Hirschfeld, known world- is alleged in a local resident's wide for his works on sexual pay report to the Police.
chology,
Frank Lopez, a clerk, employed by }
Mesars, Keller Kern & Co., residing As the books were consigned
at Savarin House, Kowloon, report-} ed to the Police, that at 6.30 p.m. yesterday, when he was wailing at
:
to the flames, the names of the authors were read out amid cheers.
contention that the truce should not interfere with eur-Battery Path, he was accosted by a A similar literary "autodate" Chinese, who said something which was held at Frankfort-On-Main, be- was unintelligible to him.
rent British trade negotia- tions. Reuter.
EIGHT AMBASSADORS ON. COMMITTEE.
fore a crowd of 15,000 spectators. The Chinese then led the way to al spot near St. John's Cathedral, Reuter. where two Europeans dressed in Groups of students raided the Bor-
raincoats were waiting. One of in public libraries on Friday at the Europeans had his hand in his carrying off hundreds of works, and Many other pictures in motor-cars. London, To-day.
pocket. Mr. Lopez became alarm-libraries were purged during the Notification of the United States ed; and handed over to the men his week-end but private libraries were Government's endorsement of the wallet containing one 10-dollar note, not touched. British formula for a tariff trucs and also two silver dollars; all the The campaign was conducted main
against Professor Hirchfeld's money he had in his possession at superintendent confirmed
"Sexual Institute,"
which Nazi has now been received.
the time
Brownshirts occupied following, the Under the financial section of the log entry, "Lost overboard, pre-
The formula will be submitted. The men then took his gold ring raid. the Argentina agreement, there had sumed drowned." It was surmis been sent here about £1,250,000 to ed that Captain Carey, who was for the approval of the Organising off his finger, and told him to go away. He did so in the direction New York; To-day, liquify small transactions. Boruffering from a nervous break Committee of the World Economic of Garden Road, and has not seen Silver ruled steadler on the New youd that total, the amount still down, left his cabin in the early Conference which meets in London the men since. York Stock Exchange yesterday, due should be ifquified through the morning in a dazed condition, and as soon as possible. and market prices in general show process of bonds issued on secur fell overboard-British Wireless ed substantial advances. Bustness ity of the Argentina Government,
EUROPE SELLS SILVER
improved appreciably, 8,820,000 to be placed in hands of represen- Service.
shares being dealt in.
In their daily report,
tative authorities here and “used:
Messrs. by them for the provision of cash AVERTING A CRISIS E. A. Plerce and Company, through jin, sterling in the placa of frozen
their local correspondents, Mesars Aela Lands, Ltd., state?
"The market demonstrated what
poper.
This meant the liqullying of about £10,000,000. Having once has been indicated during the past started this process of liquifying three days, namely, the absence of active liquidation. We think that cash which had been frozen under new high levels should be registered the example would be followed-
exchange restriction, they hoped definitely by Industrial shares, with
elsewhere, and everything would
A better than ever, chance of post-
tive confirmation as regards ralla, be done on Beliain's part to faci
"Cotton ruled "strong on the
Senate passing the Farm Relief Bill
late similar transactions, e
Regarding a possible reduction
and also on beller in the better of tariffa, representativas ment of general business bare,gentina had underta
"Europe sold allver but the regard to good on
rket appeared to be able to
take, It In-an-orderly manner,
except at the'
by months sašid off.
Continued on Pads IE.)
alantial proportion
Argentinawa United Kingdo
which prop
ted to them for
IN BELGIUM.
Emergency Powers For Government.
sels, To-day. A Bill to grant emergency/ powers to the Belgian Gov. was adopted, yester-
by a which
Sir John Simon la the Chairman,
and the meeting will be attended
LOPEZ NOW UNCERTAIN
IN HIS STATEMENTS
NAZI DELEGATE IN LONDON,
Interview With Foreign
Secretary
tion.
During its fight the plant re |mained at a height of 6,000 feet and It was impossible to distinguish any markings.
Foreign military observers were of the opinion that the machine was of the bomber
positive
type and Garrison Headquar- ters, while unable to make a statement on 'the [point, considered there wAS little doubt the visitor was a Japanese machine.
Many rumours are circulating and the sky is being scanned for other planes-Renter.
CHINESE FIRE AT PLANE.
Machine Was Definitely. Japanese.
Peking, Later.
There is little doubt that the plane which flew over Peking at. 6.20, this morning was a Japanese machine.
Later inquiries also established that the City defences opened fire on the plane with machine, guns, but without effect· PA-spokesman of the Japanese Legation, when interviewed, sald that he had no comment to offer..
-Reuter,
CHINESE ADMIT CHANGLI'S FALL.
Japanese Preparations Along Great Wall.
Peking, To-day. Chinese circles confirm the loss of Changli
**** Chinese messages report ex- tensive Japanese preparations on the whole extent of the "Great Wall and the extension
of operations is expected. Revier,
GERMAN PRINCE'S
ROMANCES
On investigations being made by by the Ambassadors of the eight
the Police into the report of Mr. FRANK EXCHANGE OF VIEWS Wedding Postponement. Powers represented on the commit Frank Lopez, the Police state that tee. The formula is the outcome Mr. Lopez, is now uncertain of the of the conversations in Loudon be-events ha allager to have taken tween the British Ministers, and place. Mr. Norman Davis, United States
| London, To-day.
Bir John Simon, questioned in
The the House of Commons yesterday, day next un
Cologne, To-Day” sement from Tu
sometime
between Pri Special Envoy British Wireless SHING MUN DAM regard to Dr. Rosenberg's of the marri
visit, said: "The German Embassy Wilhelm Fred requested that this gentleman then You Balvaiti, RDD to be should be received at the Foreign due to the [Offica
Servic
BRITAIN DESIRES REDUCTION
Local Company Given Cement Contract
hind
The Permanent Under oldest brother to attend If the cere saw him on Monday, and many is held in the present month. conversation with him out