Put
hefty
these
BEDFORT
trucks
MADE IN ENGLAND
on Your work
The dollar, on demand, closed
to-day at 1/5.
FINAL EDITION
China Mail
Est. 1845.
HONG KONG HOTEL GARAGE.
STUBES ROAD..
Tel. 27778.
No. 28,441
THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST
HONG KONG, TUESDAY, JUNE 13, 1933.
Est. 1845.
PRICE $3.00 Per Month.
YOU BUY BETTER
AT
BERNARDS OF HARWICH
Chater Road.
GENTLEMEN'S OUTFITTERS.
$800,000 TO BE SPENT ON KAI TAK AERODROME DEVELOPMENT
BRITAIN TO ANOTHER NAZI REBUFF
DEFAULT?
NO DECISION
BY CABINET
IN AUSTRIA
"Brown House" Occupied By
Police After Riots
ON WAR DEBT the "Brown Conflicting Reports
From America.
RUMOURED REFUSAL OF
BRITISH OFFER
New York, To-day,
Complete British default of the war debt instalment due on June 15 is prob- able unless Monday's Cabinet meeting has reached a fresh deci- sion, according to what is described as an authoritative statement made in United States quar- ters in London is quoted in an “Asso- ciated Press" copy- right despatch pub- lished here. · Reu- *ter.
Vienna, To-day.
The police yesterday occupied House" and Nazi branches throughout Vienna, fol- lowing riota by Nazi studenta against Jews and foreigners.—
Reuter,
Dr. Dolfuss, Austrian Dictator, is attempting to suppress the Nazi movement, and has refused overtures by Hitler.
BRITISH BOXER
RETAINS HIS
WORLD ECONOMIC
CONFERENCE
TWO COMMISSIONS
APPOINTED
WILL DEAL WITH MONETARY
AND ECONOMIC PROBLEMS
LONDON, TO-DAY.
IMMEDIATELY FOLLOWING THE PLENARY MEETING OF THE WORLD ECONOMIC, CONFERENCE YESTERDAY, THE BUREAU OF THE CONFERENCE, COMPRISING DELE-
AND DECIDED ESTABLISH
An interesting photograph showing the enormous crowd "Beat- ing their Breasts" in connection with the Mohoram Festival-an
cane Mosque, Madras. (8. & G.).
HANGAR & SLIPWAY GOVERNMENT
PROPOSAL FOR
EXPENDITURE
Further Votes For Shing Mun.
WORLD TITLE GATES OF 15 REPRESENT TOVE NATIONS TWO COMMIS- Important religious ceremony for Muslims at the huge Tripli- during the financial year, 1933,
Jackie Brown Wins Against Frenchman.
JOHNNY KING AND LEN HARVEY TRIUMPH
London, To-day. Jackie Brown, British holder of the world's flyweight boxing title, [retained his title last night when he outpointed Valentin Angelmann. the French contender, over 15 rounds at Olympia.
In one of the most enterpris- ing cards staged in England this
SIONS.
One Commission will deal with currency 'stability, gold star
dard and exchange restrictions, while the other the obstacles COLONY'S WATER CONVERSION
economic such as tariffs and quotas and
to trade. The Commissions are expected to begin operations - ON Friday if the general discussion is finished by then.
Dr. W. W. Yen represents China on the Bureau, in order to leave Mr. T. V. Soong, Chinese Finance Minister, free for personal consulta- tions with other delegates.-Reuter.
King Cheered By Great Crowds.
Stabilisation Of Currencies.
ADDRESSES REPRESENTATIVES BASLE BANK READY
OF 2,00,000,000 PEOPLE
London, To-day,
ADVISE CONFERENCE, ›
Basie.
SUPPLY
OF
PUBLIC WORKS LOAN
Local Government Ordinance.
BONDS REDEEMABLE AT PAR
-The interest on each Conversion
FOUR NEW LOCAL BILLS
Sanction for the expenditure of $800,000 on a civil hangar and slipway at Kai Tak aerodrome, $520,000 of which is to be spent
will be asked in a motion put for- ward by the Colonial Secretary, at the meeting of the_Legislative Council to be held on Thursday.
The Colonial Secretary to move- (a) That this Council approvES the construction of a Civil Ran- gar and Slipway at the Kaf Tak Aerodrome and the raising and regarding of the western area of the Air Port at an estimated cost of $800,000.
(b) That this Council authorises the said sum of $800,000 to be charged to a future. loan and sanctions an advance of
of $520,000 to be spent during the financial year 1983 from the surplus balances of the Colony.
Shing Man Scheme.
72 Million Gallons Increase.
RESTRICTIONS WILL REMAIN The recent heavy rainfalls have
Colony's water supply. A total in-bond will be 4 per cent, payable added a substantial increase to the
crease of approximately 72,000,-half-yearly, according to the terms of the Public Works Loan Redemp year Johnny King won the Bri-1 When the King opened the World If the World Economic Confer-000 gallons is shown by both the tion Ordinance, 1939, to be pre- itish Empire Bantamweight Monetary and Economic Conference London, To-day. championship and Lonsdale belt, in the Royal Geological Museum, ence at London requests the opin Island and Mainland reservoirs sent by the Attorney General, Hon. Mr. C G. Alabaster at to-morrow's The Cabinet met at 11 o'clock Lightweight Heavyweight Cham-noon, he addressed representatives Settlements regarding currency sta- In spite of the increase, how
and Len. Harvey won the British South Kensington yesterday, after-ion of the Bank of International since June 1.
meeling of the Legislative Council. last night to discuss war debts, but pionship and Lonsdale belt.
The objects and reasons of the of 66 nations, containing nearly bilisation, the Bank's Council will ever, Mr. A. M. Purves, Mainten- Bill are: no decision was taken. It is ander- Jackie Brown won the British 2,000,000,000 people.
recommend a system based on aance Engineer of the Public 1. The Public Works Loan Or Shing Mun Valley Water Supply stood that the conversations in title in 1930 from Bert Kirby The address was
and has since never been seri through an elaborative system of the same standard that prevailed morning that no change in the of raising a loan of $5,000,000 st 8
broadcast modified gold standard but not on Works Department, informed the dinance, No. 14 of 1927, authorised Scheme (Second Section: Gorge "China Mail" representative this the issued of bonds for the purpose Dam) to be met from a future loan, ously challenged. He won world lays, and, broadcasts were heard Jaurels when he beat Young on both sides of the world.
until several leading nations were water. restrictions
and meanwhile to be charged as an bas been per cent. for waterworks, aero advance Trom the surplus balances Perez, the French stylist, early Three hours before the Confer- forced to abandon it, authoritative ordered.
drome, and harbour development of the Colony. this year.
ence began great crowds, notably circles believe.
· King,
who won his British cosmopolitan in character, gathered
The figures taken at 7 a.m. and other public works. " The Council has decided not to this morning were-
That the Council approves the 2. The loan was redeemable at further expenditure during 1932 of title from Dick Corbett last year, in the vicinity of the Museum. beat Bobby Leitham, the Cana-
submit a plan for currency stabi-
nar on November 1, 1928, but pro-27,041,62 on the Shing Mun Val- His Majesty remained in the lisation at the Conference but, if Mainland-Rainfall for
vision was made for the redemption idian champion on points over 15 Great Hall while his speech was the Conference leaders make the
[translated, after which he left, es-jrequest, the Bank will send repreVaried from 1.34 inches at Che time or times after October 31 he met from a future loan, and hours ended at 7 a.m. to-day by purchase or for drawings at any/ley Scheme (Second Section: Pre- rounds.
Li Pui to 2.05 inches at the Kow-1932, at the Governor may from shall meanwhile be charged as an Joon Reservoir.
Washington are still continuing.
Meanwhile, reports from the United States regarding the latest position are conflicting.
A Washington report states that, following a close study of the legality of accepting a part payment of the war debt instalments due on June 15, it is believed that President Roosevelt is ready to take whatever he can get without prejudicing the legal rights of the United States.
New York papers. how- ever, quote a high French au- thority in London, as saying that Washington refused the British offer of 10 per cent on the debt instalment.-Reuter. France Will Not Pay Debt.
NO ATTEMPT TO BE MADE TO MEET PAYMENTS.
Paris.
(Continued from Page 4.)
COTTON SALE TAX
Levy On Speculation
In Cotton Futures.
SENATE PROVISION ADDED TO FARM CREDIT BILL
Washington, To-day.
The United States Senate yester-
corted by the Premier, Mr. Ramsay sentatives to London to discuss
MacDonald.
(Continued on Page 7.)
WALL STREET
STOCKS RISE TO
NEW LEVELS
Active Demand For Silver.
day passed the Farm Credit Admin- HOPES OF WORLD ECONOMIC
istration Bill, which has already
passed the House of Representa- tives, with a provision for amend-
CONFERENCE
New York, To-day.
[the matter.
Although the Basle directors, in their last annual report, said that the gold standard was atill the best of all existing currency
The storage on June 11 was 227 million gallons, com- pared with 235 million gai- lons recorded to-day.
48
time determine.
The Colonial Treasurer to move- That the Councit kuthorizes the expenditure of a further sum of $10,597,93 in respect of the year, 1932 on works connected with the
liminary Works) which sum shall
3. It is now considered desirable advance from the surplus balances to make provision for the redemp.of the Colony." tion of the bonds at par on August The Attorney General to move- 1, 1923, in the case of all bond That the amendment of the. mechanisms and that the first The Island-Rainfall for the haldera who do not before July Order dated 10th day of July, 1931, step toward normalcy should be 48 hours ended at 7 a.m. to-day 11, 1933, or such later date as the made by the Chief Justice under the return of that system, the varied from. 1.02 inches at Pok- Colonial Treasurer may approve, ex-section 32 of the Supreme Court action of the United States in fulum to 2.08 inches at Wong press their desire to exchange their Ordinance, 1873, be revised and abandoning gold has made
aNet Cheong. The storage figures bonds for a new issue of Conversion approved. qualification of that declaration this morning amount to 511 mil bonds bearing interest at 4 per cent. necessary.
It was asserted that the heads of the Bank of Inter- national Settlements are con- vinced that the failure of gold to meet the demands made upon it, "resulted from lack of regulation.
They are said to agree entirely
"New Bills.
lion gallons, compared with 497 The method proposed in this Or The Attorney General to move million gallons on June 11, 1933. dinance avoids the necessity for a the First reading of—”....
section 6 (8) of Ordinance. No. 14]: “A Bill to amend further the at 1927, as it is intended to redeem Supreme Court Ordinance, 1873." formal drawing by lot, prescribed by A Bill for the further amendment
of the Code of Civil Procedure." all bonds not exchanged for the "A Bill to amend further the Pro-
bates Ordinance, Conversion bonds. ́ ́.
1897.
4. These Conversion bonds will},
"A Bul to make provision for the redemption of the bonds issued under
be "redeemable at par on August the authority of the Public Works
1959, and will not be redeemable Loan Ordinance, 1927."
A combined increase of 22 million gallons was register ed from June 11 to 7 a.m. to-day. At Kowloon, an in- crease of 8 million gallons ing the Cotton Futures Act and It is thought that the publicity
was recorded, and 14 million levying upon all sales of cotton con- given to the recent statement on with the statement of Mr. Gates
gallons in Hong Kong, The United Press learned from acts a tax of one cent on every World Economic Conference, re-from the presidency of the Bank, lion gallons made up of 985. mil-
The Colony's total water sup-befors the part of various delegates to the MeGarragh, who has just retired ply now amounts to 1,440 mil- an unimpeachable source to-day bale involved in any such contract. that France will not attempt to The Bill must yet secure the garding the necessity of silver price that no good can come from re-lion gallons at Hong Kong and pay either the war debt instalment defaulted last December," of some!
agreement of the House of Repre- rehabilitation, is tending to main-turning to the gold standard 455 million gallons at Kowloon,
unless. Its defects are remedied. $16,000,000, or the $40,000,000 in. sentatives, in conference with the tain an active demand for silver in
(Continued on Page 7.)- stalment due the 15th of this senate and also the President's New York.
DOLLAR STEADY AT 1/5.
month.
The decision of the government not to pay was based primarily on two reasons:
1. The government fears it will be overthrown by the Social- ists and Nationalists if it insists
.on` payment.
2. Officials have been led to believe that Washington would profer default rather than grant revision.
War Debts Won't Be
Discussed.
signature. Reuter.
PEKING'S WETTEST
SUMMER.
Cool Temperatures In North China!
Peking, To-day.
North China is experiene
General trading on the market here, was good, yesterday, 5,810,000 shares changing handa. Stocks again soared to new high levels, industrial and utility aver-Silver And Cross-Rates ages advancing 233 and 214 to 196.75 and 37.00 respectively.
Rails advanced 1.45 to 44.43, while bonds improved 14 to 84:62,
Advance,
The local opened unchanged. 1/5 this morning, Zollowing its rise
In their daily
"
report, Messra.
of 14 yesterday,
E. A. Pierce and Company, through giver showed greater strength,
their local correspondents, Messrs. both spot and forward prices yRK- ing the wettest Summer Asia Landi, Ltd., atate: The ac terday advancing 4 to 19 7/16 and ever remembered.tion of utility issues confirms the 10%, respectively.
At a time when Peking is previous beliefs that the whole Cross rates again showed con- usually suffering from blistering market looked as though the climax siderable improvement, the London London heat, summer clothes are con had not been reached, and also on New York rale closing yesterday The leader of the American de spicious by their absence, that we can expect higher prices. at 6-6$4.15 as against 4-$4.12% on legation to the World Economic The night temperature is well It has reached a point where there Saturday, The New York on Lon- Conference, Secretary of State below, 30 Fahrenheit, while the is little usa in prophesying the don rate closed at £-G$6:161⁄2-yes- Cordell Hull - announced there maximum during the day is about time of a reaction.
Iterday aa- against 4-G#414 on Ba turday.
(Continued on page 12)
Isixty degrees. Reuter.
(Continued on Page b.)
that date otherwise, then (Continued on Page 4)
The Colonial Treasury to move the Second reading of—¿
A Bill to authorise the Appro- priation of a Supplementary Sum of Five hundred and seventeen
Hong Kong's rainfall for the MATTERN HEADS ousand and afteen Dollars and
24 hours ending 10 am. to-day, |was 0.44-inch. The tofal rainfall since January 1, is 12,81 fnches against an average of 29.94 inches.
AVIATRIX FEARED
MISSING.
Mrs. Bonney Fails To Reach Croydon.
London, To-day. Miss Bonney, the Austra Hangviatrix;" who for the past few weeks hús been By- land, was expected at Croy ing in easy stages to Eng
don last night," from "Buda- pest
She is reported to be miss-
Benter.
FOR ALASKA
Round The World Flight.
Moscow, To-day.
thirty Cents to defray the Charges of the year 1932."
NEW TERRITORIES MARKETING
Lieutenant James Mattern, the Mr. Braga's Question 29-year-old | American airman, For Council, around the world, took off from A the meeting of the Legislative who is attempting a solo fight Khabarovsk at 10.15 p.m. (local Council, on Thursday next, the time), last night. His dea-Hon, Mr. J. P. Braga, will ask if tination is Alaska Reuter. the Government is prepared to ap- In spite of his good. progress, point a small Committee to consid Lieut. Mattern has failed to beater and submit recommendations on the time of 8 days, 15 hours, 51 ways and means for marketing New Frank Getty in 1981 Lient. Mat and Kowloon, including such ques minutes set by Wiley Post and Territories produce in Hong Kong tern left New York on June 8tions as transport facilities, receiv He met with a stormy Atlantic lng depots, distribution rendørs" crossing and was later forced down licences, marketing and – kindred at Prokopievak.