The dollar, on demand, closed to-day at 1/4 8-4."
FINAL EDITION
BEDFORD
MADE WI
ENGLAND
READ THE BEDFORD TRANSPORT MAGAZINE Specimen copy post free on application.
THE HONG KONG HOTEL GARAGE Stubbs Road
China Mail
Est. 1845.
Est. 1843.
Happy Valley.
No. 28,442
HONG KONG, WEDNESDAY, JUNE
THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST
∙14, 1933.
PRICE $3.00 Per Month.
DEBT
OFFER
AMERICA ACCEPTS BRITAIN'S
WAR DEBT
PROBLEM
AGREEMENT
ON JUNE 15
.
FOUR POWER PACT MAY BE SIGNED SHORTLY
Captain Anthony Eden's Assurance
In House Of Commons
London, To-day.
In the House of Commons, yes-. terday. the Under-Secretary for
INSTALMENT Foreign Affairs, Captain Anthony
5 Per. Cent. Payment In Silver?
and
ENQUIRY ARRANGED INTO DEBT QUESTION
London, To-day. It is learned that a definite agreement has been reached be- tween the British Government President Roosevelt on the basis of pay- ment on account by Britain on the June 15 instalment of the war debt. An in- quiry will be insti- tuted by the United States, into the whole debt position.
No definite figure of Britain's offer is available, authorita- tively, though it is believed that the amount is nearer 5 per cent. than 10 per cent.
President Roosevelt's reply is.
:
Eden, stated that he hoped the formal signing of the Four Power between Britain, Agreement France, Germany and Italy would. take place shortly,
The Pact was initialled by re- presentatives of the four Powers, in Rome, on June 7-British Wireless Service.
WORLD ECONOMIC CONFERENCE
CHINESE LOBBYING ON SILVER QUESTION
BRITISH PROPOSALS TO BE STATED
AT TO-DAY'S SESSION
LONDON, TO-DAY. MEMBERS OF THE CHINESE DELEGATION TO THE WORLD ECONOMIC CONFERENCE, WERE ACTIVELY LOB- BYING YESTERDAY, LARGELY ON THE SILVER QUESTION. THEY HAD CONVERSATIONS WITH THE BRITISH AND AMERICAN DELEGATIONS, BUT SO FAR, IT IS BELIEVED THAT, NO TANGIBLE PROPOSALS HAVE EMERGED,
COTTON SALE TAX NOTABLY,
U.S. Congress Drop Proposal.
FARM BILL AMENDMENT -ELIMINATED
Washington, To-day. The tax of one cent
per bale on cotton which involved the sales of contracts, has been eliminated from the Farm Credit Bill.
The United States Senate, in conference with the House of Re- presentatives, yesterday agreed Ito drop the amendment.
The Senate, on Monday, passed¦ the Farm Credit Administration
The Chancellor of Exchequer, Mr. Neville Chamberlain, will make an important statement, patting forward the British pro- posals, at to-day's sitting of the World Economic Conference. The Australian Chancellor, Dr. Dolfuss, is also expected to speak, and will later return to Vienna to deal with the internal situa- tion.
:..
The later part of yesterday afternoon's session of the World Economic Conference, was devoted to the expression of the views of Poland, Cuba and Bulgaria. M. Koc of Poland, urged the stablisa- tion of the currencies of the great Powers as a first consideration, to be followed by the re-establishment of the gold standard.
THE CUBAN MINISTER OF FOREIGN AFFAIRS, DR. ORESTES FERRARS, FOLLOWING THE POLISH DELEGATE, PROPOSED A GRADUAL MODIFICATION OF TARIFFS OVER FIVE YEARS.
After M. Malinoff, President Bill, which had already passed the of the Bulgarian National As- House of Representatives, with a
sembly, had addressed the Con- provision for amending the Cotton ference, the proceedings were ad- Futures Act and levying upon all
journed sales of cotton contracts a tax of
General Jan Smuts, South one cent on every bale involved in Africa, one of the nine represen any such contract-Reuter:
U.S. AIRSHIP'S TEST FLIGHT.
Macon Reports Rudder Disabled.
Frankfort, To-day.
Chinese Delegates Entertained.
DINNER IN THE HOUSE OF "COMMONS."
ZAMBRENE WEATHERPROOFS
ARE
Superior.
BERNARDS OF HARWICH.
Outfitters.
CHATER ROAD,
HONG KONG.
OF PART PAYMENT
British "Black Shirts" attend Memorial' Service to the late Lady Cynthia Mosley at St. Margaret's, Westminster, on May 19, out of compliment to Sir Oswald Mosley-their leader.-"Black Shirts" arriving for the service,--(8. & G.)
ITALIANS RAID
THEATRE.
Objection To Scenes In War Film.
TWO ARRESTS IN SHANGHAI INCIDENT
Shanghai, To-day. Six Italians carried out a raid on the projection room of the Carl: ton Theatre at 6.30 last evening during the screening of "The Big Drive, which is a series of official scenes of the Great War.
The raiders carried off the por The Chinese Finance Minister, tion of the film dealing with the phasised the need for quick deci-Mr. T. V. Soong and the Chinese Italian retreat before the onslaught sions and suggested the org-Ambassador to London Dr. Quo tion of two technical expert Tai-chi, were entertained at dinner of the Austrians.
Two arrests have been made, committees, one financial and the in the House of Commona last night,: other economic, to deal with the by the China Sub-Committee, the both men admitting to the police monetary and trade problems Foreign Affairs Committee and the that they were Italian subjects. raised in the agenda of the Pre. Conservative Party,
tatives who spoke at yesterday's session of the Conference, em-
London, Today.
LOCAL DOLLAR DECLINES.
paratory Commission. He fear- Lord Winterton presided at the Reuter, expected to-day. While there are The United States Navy dirigi-ed that no real progress pould be function, at which the Foreign definite suggestions that he is en-ble, "Macon," sister ship to the Ill-made unless the financial and Secretary, Sir John Simon,
was and economic issues were separat present.-Reuter. countering legal and other difficul-fated U. S. S. Akron, which ties on his side, there was distinct making a 48-hour test flight from ed from the political issues.
Akron to the World Fair at Chicago, Viscount K. Ishii said Japanį optimism in well-informed quarters, reports that her rudder is disabled. desired conditions which would last night.
make possible, the general re- storation of the gold standard. Viscount Ishii stressed the need for economic peace, without which the world could not have political peace.
The Anglo-American debt agree- ment, it is understood, provides for the payment of a portion of the sum in silver, and for an enquiry to be instituted into the whole debt! question before the December in- stalment, 1933, becomes due.- Reuter.
Official Silence In Washington.
10 PER CENT. PAYMENT REPORTED.
Washington, Earlier, United States official quarters remain silent on the question of the war debts, but it is understood in well- informed quarters that the report that Britain, has ar- ranged a 10 per cent. pay- ment is substantially correct. The British note received here; yesterday, offered. part payment of the war debt Instalment due on June 15,- Reuter.
Italy Offers To Pay.
PROPOSAL DIFFERS FROM BRITISH PERCENTAGE.
Washington, To-day.
i
-Reuter.
MATTERN FAILS.
Returns From Attempt To Reach Alaska.
STOCKS SLUMP ON WALL ST.
Profit-Taking Causes Selling Wave.
SILVER MARKET UNDER PRESSURE
New York Cross Rate Slumps Heavily.
YORKSHIRE'S
TRIUMPHANT
PROGRESS
Lancashire Checked And Sussex Win.
BAKEWELL'S CONSECUTIVE DOUBLE-CENTURY - Test Players In Form
London, To-day. Yorkshire, County Cricket cham- pions, continued on their triumphant path yesterday when they beat Worcester by an innings. This was their eighth win in nine games.
(Continued on Page 12.) ....... Results as cabled by Reuter:-
COUNTY CHAMPIONSHIP
$1 DAMAGES
TO GLOUCESTER
BAND LEADER
Judgment In Action For Slander.
"SHOULD NEVER HAVE BROUGHT THE ACTION*
Mr. Newman's Evidence
"I see no reason to disbelieve Mr. Butt and find in fact that the words were uttered on February 23 which the defendant may have for- gotten.
SD.
"In my opinion, though plaintift jwas within his rights in bringing this action, he should never have done I award $1 damages and make no order as to costs," stated the Puisne Judge, Mr. Justice RE. Lindsell this morning. at the final hearing of the slander action for $1,000 damages, brought by Mr. Frank Lewiston Adamson, musical director against Mr. Percy Ingham Newman, manager of the Glouces ter Building (Residential).
The statement of claim-set out that the plaintiff is a musical director and a player of the saxo- phone, clarinet and trumpet. carrying on business on Hong Kong, and that the defendant is the manager of the Gloucester.
Оп Building (Residential), January 31, 1933, the defendant falsely and maliciously wrote to the plaintiff and published to a Mrs. Drake, (the accountant), a
letter on which one of the causes for action was based.
Mr. M. A. da Silva of Messrs. D'Almada, Remedios and Silva is for the plaintiff, and the defendant is represented by Mr. W. A. Mac- kinlay of Messrs. Deacons.
At the second hearing of the case on June 1, Mr. Mackinlay caused a
Kent beat Warwickshire by 118 sensation by charging the plaintiff runs at Tonbridge.
Kent: 466 (Ames 210);
169 for dec.
Warwick: 356 (Santall 131); 161 (Freeman 5 for 52),
with bringing his action merely to get money out of the Gloucester Building.
At the conclusion of the day's evidence, Mr. Justice Lindsell ruled that the defendant had no case to answer with regard to the letter
Essex took first innings points criticising the plaintiff's band.
Following its decline of % yes-from Somerset at Leyton. terday, the local dollar declined a similar fraction overnight, opening this morning at 1/434.
Silver remained unchanged yes- terday, closing at 19-7/16 and 191⁄2 for spat and forward prices res pectively.
M. Kaz, Poland, considered,! that of all the problems, univer-| sal stabilisation of currency was Moscow, To-day. Lieutenant James J. Mattern, the of fundamental importance, and 29-year-old "American airman, who should be kept in the forefront.
A downward trend in stocks, ¡is attempting a solo flight around No artificial measures could re-
the world, returned to Khabarovsk store prices to where they were bonds and commodities, was indi-rate
before the crisis.
He left there at 10.15 p.m. on Monday evening, bound for Alaska. No reason for his return is so 'far known,
Essex: 415 (O'Connor 237);
116 for 4 dec. Somerset: 344 (Young
Evans 6 for 83);` 61 for no wicket.
On another cause for action, aris- ing from remarks alleged to have been spoken by Mr. W. Butt, the 119; Judge ruled that there was a case
to answer.
Sussex beat Hampshire by 8 Cross rates showed a decline yes-wickets at Horsham. terday, the London on New York closing at £-G$4.14 as Monday,
at 6.20 a.m. (local time) this morn should be directed towards the
All efforts cated on the New York Stock mar- against G$4.15 on ing.
international relationships. reconstruction of stability of ket yesterday. Industrials and The New York on London rate utilities declined an average of slumped from G44.16% on Mon-
day to G44.10%1⁄2 *yesterday. *** Senor Marino, Cuba said, “If 1.96 and 1.44 respectively to the Conference does not sac- 194.79 and 36.06, while rails and
SILVER ISSUE. -ceed in reducing the very high bonds declined .13 and .07 respec- rate of tariffa which exists in the world to-day, it will have tively to 44.30 and 84.55.
Chinese Commission Business showed an increase on 'failed in its principal task": {
To Mexico? Baron Von Neurath, Germany, Monday's trading, 6,300,000 shares
Licut, Mattern failed to beat the time of 8 days, 15 hours, 51 minutes set by Wiley Post and Frank Gatty in 1981. Lieut. Mat-
tern left New York on June 3. He emphasised the desire of his coun-changing hands.
met with a stormy Atlantic cross-try to collaborate in the spirit of In their daily report, Messrs. ing and was later forced down at the King's, opening address. He re- E. A. Pierce and Company, through Prokopievsk.
marked that the interests of credi-their local correspondents, Messrs.f tor and debtor countries seemed to Asin Lands, Ltd, state- differ, and that gold standard "The selling which came late to countries 'seemed to have other in-day, unsettling prices, may have
fer regarding the percentages posed. Reuter.
pre-terests than the countries which represented the desire on the part had abandoned the gold standard of holders of long stock to realise or which required exchange regula-profit and stay on the side-lines, tions for the protection of their for a while. This may have been currencies.
(Continued on Page 4)
But the Conference, in its over-
Nanking, To-day-
It is learned that the Gay ernment is considering the ap paintment of a Commission to Mexico for the exchange of opinions with the Mexican BU- thorities regarding the silver question--Reuter.
68 DEATHS - BLAMED ON HEAT IN MIDDLE WEST
· No Statement In Commons.
London, To-day." A crowded House of Communa
Chicago, June 8, was further disappointed last bight whelming desire, to acknowledge KING AND QUEEN AT ASCOT
The Middle West to-day continu- when the Chancellor of the Ex- common interests, proved most
London, To-day,
fed sweltering in a serere, heat chequer, Mr. Neville Chamberlain, strikingly, that all those differences
Although the weather was un-wave with temperature running An Italian note, delivered yes declared that he was still unable to were only differences in appear-
settled and rather cold Their around the 100 degree mark in terday, also offers part payment of make a statement regarding the ance Industry could not proper majesties the King and Queer drove many places.
war debt to America, because he if agriculture did not flourish. Creta Ascot races yesterday, although,
A survey of the sweltering area the June war debt instalment.
had not yet received a reply to the Neither of the amounts of the proposals he had made to Washing-ditor could not exist if debtor per la the circumstances, the usual showed 66 deaths blamed on the British or the Italian offer are dis- ton. Reuter. F
ished, and vice versa. Gold currency Royal procession did not take plase, heat wave at the end of the fifth
day-United Press, British Wireless Servicë, (Confinued on Page: 18.) closed, but is learned that they dif
(Continued on Page
Hants: 157 and 2247- Sussex: 277 (R. S., G. Scott 113);)
106 for. 2.
at
Derbyshire beat Leicestershire by an innings and 77 ́ runa Loughborough. --~-
At the resumed hearing of the case. this morning, Mr.. W. A. Mackinlay brought the defendant, Mr. Percy Ingham Newman Into the witness box. Mr. Newman said he was the manager of the Gloucester Build- ing (Residential),
On February 23, while on the terrace with a lady and gentleman, he was approached by Mr. W. Butt.
Leicester; 946 (Berry 111);
They went into the lobby, a few 85 (Mitchell 6 for 36)..
feet from the terrace and there Derby: 508 for 7. dec. (Town. Butt asked defendant if he
Bend 233),
wanted a new dance orchestra. Defendant told Mr. Butt he was Lancashire took first innings not interested in any orchestras points from Surrey at Manchester and was walking away when Mr.
Surrey: 478 (Gregory 142, J. C. Butt again questioned him.”
Squires 101, F. R. Brown 108 not out). Lance: 534 for 9 (Washbrook
152).
Yorkshire beat Worcestershire by an innings and 165 runs at Sheffield.
Yorkshire: 500 for 9 dec. (Ley land 138, Mitchell 142), Worcester: 231 and 104.--
2
Defendant was asked if it was not true that Dick Adam- son was leaving the hotel or. chestra, and replied that he was getting rid of Adamson, Mr. Butt then told the defendant that he knew a good number one to take Adamson's place on the band; to which defendant again replied that he was not interested.
Defendant had previously met Mr. Bütt when the latter had Glamorganshire took first fanings come on business, trying to sell 'Defendant said that to the best points from Worcestershire at some of Lane, Crawford's wares.
of his knowledge he had not men. tioned" words to the effect as men“ tioned in the statement of claim.:
(Continued on Page 7)
Swansen.
Glamorgan: 647 for 6 dec. (M. 3, Turnbull 200 not out); 55 for 1 wicket Northants: 469 (Bakewell 257)