The dollar, on demand, closed
to-day at 1/4 12.
FINAL EDITIONS
EDFORTY
The British
TRUCK
HONG KONG HOTEL -
GARAGE.
Jong Kong & Shanghal": -
Hotels, Ltd,
orated in Hong Kong Boud. Happy Valley-
Economical 27-h.p. 6-cylinder engine -reducing vibra NOL, reducing engine-wear, reduc- ing
time-off-the- road, reducing ex- penses.
China Mail
Ert. 1845.
THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST
No. 28,455
HONG KONG, THURSDAY, JUNE 29, 1933.
PRICE $3.00 Per Month.
HIGH GRADE GENTLEMEN
OUTFITTING
AT HOME PRICES
BERNARDS OF HARWICH
CHATER ROAD,
FONG RONG
ONG KONG CHAMBER OF COMMERCE OPPOSES RISE IN SILVER
Wlan McGrath, the 17-. old Australian" tennis
:
ECONOMICS
MITTEE LIBERATES
GAR PROBLEM Jong Conference Expected.
TAIN OPPOSES CUBAN RESTRICTION PLAN
WIMBLEDON UPSETS
LEE BEATS
TWO - HANDED
AUSTRALIAN
U.S. Second String Win In Doubles. MARGARET SCRIVEN WINS
London, To-day. The defeat of Elsworth Vines and Keith Gledhill, the leading Ameri- can partnership, after they bad won the first two sets against Adrian Quist and Don Turnbull, and H.G.N. Lee's easy victory over Vivian Mc- Grath provided the big surprises of the third day's play at Wimbledon yesterday.
Miss Hern accomplished a praise- worthy feat by eliminating Mile. seeded Jedrejowska, Poland's
“WOULD DAMAGE
CHINA TRADE
JOINT RESOLUTION
WITH SHANGHAI
BOTH CHAMBERS CABLE TO WORLD ECONOMIC CONFERENCE
THE HONG KONG AND SHANGHAI CHAMBERS OF COM- MERCE AND THE CHINA ASSOCIATIONS IN THE TWO PORTS HAVE CABLED LONDON OPPOSING THE PROPOSALS TO ENHANCE THE VALUE OF SILVER
On June 16 the Shanghai British Chamber of Commerce and the China Association cabled the Monetary Committee of the World Economic Conference approving stability in silver but asserting that artificial rise in silver would prove disastrous to
China trade..
Following correspondence between Shanghai and Hong Kong, the following cable was dispatched from Hong Kong on June 27.
To the China Association, London.
"With reference to the silver resolution of the Federation of Cotton Spinners, the Hong Kong Chamber of Commerce and the China Association endorse the Shanghai cable."
player, in straight sets in the Second Round of the Women's champion- The following reply by the, LONDON VIEWS ship. All the other seeded players Shanghai Chamber of Commerce triumphed.
was sent to the Hong Kong Cham- Margaret Scriven of whom ber of Commerce on June 27. Sugar Committee of the Britain is expecting a great deal "Referring to your telegram of Economic Conference, com- after her dazzling display in the yesterday we entirely
London, To-day.
concur.
of delegates from the prin- French Championships at Aut This Chamber has already tele- gar producing countries and full, entered the Second Round
at the expense of h former cham- graphed on June 16 as follows: China, Japan and the Nepion in Mrs. Godfree, (nee Miss began deliberations yes Kitty McKane) another British afternoon after decung entrant. *** amate of Portugál as Chair:
Kathleen Stammers, another promising British player, also, entered the Third Bound.
The ceremony of Trooping the Colour on the King's Birth lay, took place on the Horse Guards Parade.The FareigsTM Attaches on their way to the ceremony. (S. & G.)
ANGLO-SOVIET TALKS CONTINUE AT FOREIGN OFFICE
Further Meeting To Follow Yesterday's Discussion
London, To-day.
M. Litvinoff, the Soviet For- eig Commissar called at the Foreign Office yesterday morning, and had a further interview with the Secretary for Foreign Affairs, Sir John Simon, and Colonel D. J. Colville, Parliamentary Secretary of Overase Trade-
"The Times" Advocates.
- Rise In Silver.
*London, To-day. The Shanghai (Chamber of Commerce; m— June 17, --de- Please forward the following!spatched a resolution to Lon- Committee, don regarding the fiver ques to the Monetary
Federation Chamber of tion, it is reveiled here-to-day.” Commerce D.O.T.
The Dimes this morning bublish" At a meeting of the jointed the telegrams, exchanged: be the British Chamber of committees of the British Cham-tween ber of Commerce and the China Commerce and the China Asso- Association held yesterday, the clations in London and Shanghai NAZIS WARN following resolution was pass-arising out of the resolution.
Conference is expected, to
America recorded a success several days before report when Helen Jacobs, last year's Economic Sub-Commission finalist beat Miss Saunders, but
Reuter.
edi Virginia Rice, who accompanied the Helen Wills-Moody across London Earlier, he Sugar Sub-Commission Atlantic was beaten in straight World Economic Confersets by her Continental rival.
France received a. setback when
and Marcel Bernard Andre Merlin were beaten in four sets by L. T. Stoeffen and Clifford Sutter, who are now America's hopes in the Men's Doubles.
yesterday: the Colonial ry, Sir Philip Cunliffe. supported the main ob the Cuban proposal, that, ing committee should ex the whole subject of inter-
limitation.
Itoh and Miki, the Japanese aces, also fell by the wayside, R. E. Avory and F. A. Wilde, two Bri- tish players, winning in convincing
manner.
A
resisted the propocal the construction of new ries should be forbid- and said that there were nistrative and legisin difficulties in the tariff G. P. Hughes, who caused sals in the Cuban fılan, surprise by beating T. Aoki for the Cuban delegate said that loss of only three games, won his servations destroyed the game with Helen Wills-Moody in it Sir Philip declared his, the Mixed Doubles. Betty Nuthall ss to co-operate heartily won her Second Round game in
rime objects.
ommittee of 22 countries] pointed. British Wire- tvice.
an Urges Wider
Free Trade.
London, To-day.
al conventions and multi-
straight sets
(Continued on Page 12). Latest results. as cabled by Reu- ter:
WOMEN'S SINGLES.
Second Round.
•
The Financial Editor of The Times outlining the effect of the That while stability in silver low price of silver since the war. would tend to improve trade, observes that the effect of the low any artificial stimulated rise in exchange on the value of China'a the price of silver, without
currency is causing China to in- corresponding increase in the creasingly industrialisa herself. price of world commodities, and that the danger of industrial. would seriously reduce China's competition from a country with export trade, restrict her pur-such a low standard of living is chasing capacity and cause seri-
difficulties ous financial
in China, leading to possible re- and pudiation of contracts, would be disastrous to China trade. f:
Please cable confirmation. (End of Shanghai message to London).
"Suggest you telegraph direct to London thus strenthening repre- sentations 'made by us.”
Mr. Shaw's Views.
The silver question was dis- cussed, in committee, at the annual meeting of the Hong Kong Chamber of Commerce held yesterday.
obvious.....
The paper advocates the re- habilitation of silver and con- tend's that a rise in the price. of silver by improving the standard of Heing in China will prevent such hot-house growth of industry, and, by in- creasing the Far Eastern purchasing power, would in- crease demand and thus raise
The conversations opened on Monday last are being carried on, and it is intended us have meeting this work, Brid icon Service.
CATHOLIC
POLITICIANS
Advised To Dissolve Voluntarily.
NO ROOM IN GERMANY- FOR CENTRE PARTY
Herr Goebbels Vigorous Speech
Berlin, To-day
In a vigorous speech at Stuttgart, yesterday, Herr. Goebbels Minister of Interior, advised the Catholic; Centre Farty to dissolve voluntarily if they wanted to avert action by
the prices of other com-- the German Government. modities, and
He declared, There is no room
Unless the outlet for silver
among western gold-using nations in Germany for the Centre Party is increased, however, there will any more, and we would do the be a check to the possible absorp
tion of silver by gold countries, Catholic Church a good service by
BRITISH COTTON INDUSTRY
Unable To Complete On Wage Basis.
PETITION TO STOP
· EXPLOITATION
London, To-day,
A Petition was yesterday presented in the House of Coca- mons by members of the Man- chester Royal Exchange, re- wesenting all branches of the cotton industry, asking the Government to prevent the ex ploitation of Empire markets by foreign nations who not only excluded British goods by high tariffs and quotas, but made it impossible for pro
ducers in this country to com- pete owing to the basis of wages paid, even though manu- facturers here were equipped with the most up-to-date ma- chinery and employed the most modern methods. Wireless Service.
US. TO
British
O SPEND $70,000,000 TO
BUY COTTON
2,000,000 Bales For Options.
FRANCE OFF GOLD?
FORECAST
IN RUMOUR IN
WALL STREET
Paris Financiers Pessimistic.
ABANDONMENT OF GOLD PREDICTED
is
New York, To-day.
Paris financiers see the abandon- ment of gold and
nk that a de valuized franc only a question of time, states a Reu- ter cable from Messrs. E. A. Pierce and Company, the prominent New York market brokers.
Irregularity was indicated on the New York Stock Market yesterday, industrials and utilities: declining 1.00 and 57 to 97.47 and 34.89. while rails and bonds advanced 12 and 10 to 47:19 and 85.94 res- pectively.
"Business"wan brisk. 5,410,000 shares being fade
pondents, Mosoru: "Asia /«Landa, Ltd state in their daily report:
"Trading opinions are very much mixed, with some trying to tie the Stock Markets to the Foreign ex- change situation and others are apprehensive over conditions in the
grain market, while still others are not liking the wide fluctuations in specialties other than for profit- taking. “Liquidations, at present, are of only negligible quantities.
Wheat: The, fallure to respond to the strength of foreign exchange is indicative of the teclinical weak- ness of this market. Sentinient ba- came mare two-sided in reporta that damage in the North-West area is not irreparable, ver
Cotton! After a higher opening
F.
values dipped sharply, uncovering
stop
orders. The trend for the
balance of the day was irregular inflienced by the weakmess of other markets. The weather, pist more. favourable.
Silver: The trade absorbed liquidation at the opening and when LOWER COTTON ACREAGE offerings increased Inter,
DESIRED
weikness developed in other mar- kets. Paris financiers son the abandonment of gold and think Washington, To-day. that a devaluised France is only. The Reconstruction Finance Cora question of time ****
hence the suggestion that a greater making the Centre Party disappear. poration has advanced G$70,000,-
The acting chairman (Mr. T. H. monetary use should be made of Our aim is the creation of a homo-000 to Mr. Henry C. Wallace Un-
Betty Nuthall (Britain) beat R. Shaw) has authorised the China silver by nations generally, Miss Thomas (Britain). 6-4, 6-2. | Mall to publish the following ex- Reuter.
Margaret Scriven (Britain) beat tract of his speech on the silver
geneous National Socialist Gerited States Secretary of Agriculture, to buy all the cotton now in the many.
Agrements to effect tarif Mrs. Godfree (Britain) 6-2, 1-6, 6-3, question: DOLLAR DECLINES The Government announce hands of the Ferment agencies, co
tions Instead of bi-lateral
nts were advocated by the
of Belgium, Norway and herlands in the Commercial Sub-Commission of the Economic Conference, yes
Jongation of the tariff and a return to the widest fe measures of free Were urged by the Japan- Begate-British Wireless
RESSMAN ALMON, OF
ALABAMA DIES
Washington.
Edward Berton- Almon,
of Alabama, sled here on
MEN'S DOUBLES
First Round.
L. J. Stoeffen and Clifford Sutter (U.S.A.) beat Marcel Bernard and Andre Merlin (France) 6-8, 2-6, 9-7, 6-4.
"The Far Eastern view is : that any measures towards improving the price of silver must be accom- panied by improvement in commo- dity prices.
TO 1/42.
Silver Prices Show Weakness.
"China's" purchaning power is
The local dollar has declined J.C. Gregory and T. H. Wilde primary dependent upon the volume opening on demand this morning at (Britain) beat H. Itoh and R. Miki of her export trade in regard to (Japan) 6-2, 6-0, 6-10, 8-11
MIXED DOUILES
Second Round.
GP. Haghes kid. Mra Moody beat EFE Avory Strawson (Britain) 6-2
(Other - Results – on
Ma
of heart disease at the 420 | The marriage
He was frst elected to Con-tweep Lieut
1815 being a member of the
erialature and a circuit
Wille
Miss
which a high level of silver-at--- 8llyar prices declined." Talightly suming a continuance of low com- yesterday following the sharp ad- modity prices in the world at large vance on Tuesd
the pot price
mead closing at 18°) would prove a great hindrance.
1644 19.1/16 %) on 21-Tu "China is a buyer of silver, not silver declined a similar seller. She can only buy foreign 19
the proceeds of her ex
higher pric
ment was expected as the im-and other Government es- portant Centre Catholic Party is timated as totalling about 2,000, now the only surviving rival 000 bales. organization to the Nazis. Its The cotton thus acquired will be early doom is foreshadowed.
(Continued on Page 4.)
250 DEAD IN SUMATRA
Caused.
By Earthquake.
the
TYPHOON NEARS
Warning Signal Up
This Afternoon. “
WEATHER FORECAST
The depression or typhoon has
used for granting ophout to pro-lentered the coast on a North for North-East track; less than ducers who agree to reduce their
100 miles West of Hong Kong. cotton acreage.
Clog US
vernment Scheme
The cotton and
cotton farmer to is, undergolog,» the administration.
in step with the
order
Beere
and equally weather and fresh South, and winds is forecasted report issued from bservatory
HongKong forg
at 10 was 0.88 inch