In choosing a NEW TRUCK
KEEP
THIS
BEDFORD
MADE IN ENGLAND
IN
reme
The dollar, on demand, closed-
to-day at 1/4 7-8:
FINAL EDITION
China Mail
MIND
EL 1843.
THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST
Ext. 1815.
No. 28,560
HONG KONG, MONDAY, OCTOBER 30, 1933.
PRICE $3.00 Per Month.
British-born Successor to Chevrolet.
YOU BUY BETTER
AT
BERNARDS' OF HARWICH
Chater Road,
GENTLEMEN'S OUTFITTERS.
U.S. TO BUY GOLD ABROAD-AN INTERNATIONAL CURRENCY RACE?
PALESTINE
UNREST
RELEASE OF
ARAB LEADERS
DEMANDED
PROTEST TO KINGS AND GENEVA.
PRISONERS REMANDED FOR 14 DAYS
Jerusalem; To-day.
A tense situation still exists in the Holy Land,
Prince
Starhemberg. the Helnwehr (Fascist) leader.- (S. & G.).
following the week-end BRITAIN AND
of serious rioting, re- sulting in the death of two police officers and 25; rioters. Yesterday's ca- yet sualties have not been estimated.
All the prisoners arrested in con- nection with the Arab uprising were remanded yesterday for 15 days,
FRANCE BLOCK
TREASURY SHAKE-UP
RUMOURED
ROOSEVELT TO INFLATE DOLLAR?
PRESIDENT
DISAPPOINTED AT
FAILURE OF GOLD POLICY
NEW YORK, TO-DAY,
THE WHITE HOUSE CORRESPONDENT OF THE NEW YORK HERALD TRIBUNE REPPORTS THAT THE ATTITUDE OF NATIONAL INDUSTRIAL RECONSTRUCTION`ADMINIS- TRATION CIRCLES IS COMPOUNDED OF "CONFUSION AND WATCHFUL WAITING" REGARDING THE RESULTS OF THE FIRST WEEK'S GOLD PLAN. THERE ARE RUMOURS OF RESIGNATIONS OR A GENERAL SHAKE-UP AT THE TREA- SURY AND THE FEDERAL RESERVE BOARD.
It is learned that Mr. Acheson. Under Secretary of the Treasury, offered a legal opinion, which President ROOSEVELT,
Roosevelt ignored in announcing the gold plan.
Buy Dollars To Stop
Depreciation.
AMAZING DISCLOSURES BY LONDON PAPER
London, To-day.
That the international currency
when they were brought before the race already foreseen in Washing- British Magistrate at Acre.
**
The "Washington Post" decla es that President Roosevelt is even ready to declare outright a cut in the gold-content of the dollar if the experiment continues to be inconch sive.-Reuter.
TO RAISE GOLD PRICE?
President
thorised
Washington, To-day.
has au- Roosevel
gold of the purchase
The
announcement authorising
Iton will result from America's purjabroad. Meanwhile, the Arab Execu-chases of gold abroad is the gener- tive. many members of which al opinion in London. A war, par-purchases, followed a meeting be are in eustody, have passed a reticularly between the dollar and tween President Roosevelt and his solution profesting against 'thel] alleged illegal shooting by the sterling, is also thought probable. financial advisers.
Jaffa and demanding The
financial editor of the'
Immediate purchases are expect. | Police at The release of the Arub leaders, Daily Herald attributes the new ed to be made through the Recon- They are sending the protest to move to the fact that other coun-struction Finance Corporation. the League of Naficas
the Arab Kingrs.
It In reported
Damascus
all that
deliberately President operating to prevent Roosevelt's gold plan from suc- 'ceeding.
been and to tries have
from
Arab
papers there have been sur-
pended.
The paper declares that there are good grounds for believing
There are hints that Pre- sident Roosevelt le disappoint. ed at the failure of his gold policy to appreciably affect the price of commodities.
The Washington Post whose pro- 2 former Federal Reserve The rioting, which broke out that the Bank of England and prietor is Mr. Meyer, on Friday, was the sequel to the the Bank of France in co-opera- Governor of the formation of an Arab political lion actually bought dollars on Board, also reports that President
Decision that procession in defiance of the banach
rnized proclaimed by the High Com-Roosevelt
Lt. Fold price. missioner of Palestine, General Sir Arthur Grenfell Wauchope.
President Roosevelt's advisers are disappoint- the internal ed. The paper adds that they mean to to raise the gold price slowly U.S.$41.34 per faie ounce, which will
the
Jerusalem and Nabius. Router heaviest extent in dollars which, SILVER ADVOCATES
Booner or later, must inevitably decline in value.
Ing
The alternative is break. of the link with the franc and indirectly with the gold Ktandard. the paper adds.
TAKE ACTION.
U.S. Congressmen To Meet In November.
GOLD STANDARD
NOT SOUND
Advocated By Mean Shylocks."
"BRAIN TRUST" EXPERT'S INSPIRED SPEECH
A thrilling moment in the 500 Miles Race at Brooklands, which attracted the cream of the English and Continental drivers. E. R. Hall, the winner, in his M, G. Magnette. (on right) is seen passing George Field (left), on the Railway Banking. The winner performed the remarkable feat of driving the whole 500 miles himself, averaging a speed of, 106.53 miles per hour for 4 hours. 42 minutes, 03 seconds. (S. & G.).
PERTURBATION
ACUTE CUBA CRISIS
GOVERNMENT
ON THE VERGE
OF COLLAPSE
MALARIA OUTBREAK NATIONAL STRIKES.
AMERICA MAY · RESTORE CESPEDES
Havana, To-day. Another crisis is threatening in Cuba. The growing labour unrest of the past months has culminated in a three-day, nation-wide strike in the transport, light, power and water services.
LITVINOFF SAILS FOR TALK OVER SOONG'S ployers' refusal of some of the 70
WITH ROOSEVELT Expected U. S. Recognition Of Soviet
Moscow.
On
The Forvign Commissar, M Maxim 1.itvinoff. embarked October 28 at Southampton board the American .. Manhat Lan for his visit to Washington, which is expected to result in the of United States' recognition Soviet Russia-Trans-Ocean Kue Min.
Chicago-To-day PUBLIC RESPONSE
TO NAVY DAY
In an apparently, inspired speech, Professor Tugwell, of President Roosevelts'
"Brain The Commodore "More
Than Satisfied."
鼈診
Trust" yesterday assalled the con- cept of the gold standard "Hound money."
He described its proponents as "Mean Shylocks" who wish- collection from ed to make a debtors which could be stored and made safe from the vicis- less the situdes besetting cautious and the less lucky.
election President Roosevelt's
6,400 VISITORS AT NAVAL DOCKYARD
RESIGNATION
A lock-out has been declared by the oil companies owing to the em-
demands made by the employees.
Meanwhile, the Government control the unable to
An alarming increase of intestinal malaria, fostered by the slackening off of sanitary measuures, is increasing difficul- ties.
eeems
Shanghai Urges His situation.
Return.
STOCK MARKET SERIOUSLY AFFECTED
Shanghal, To-day.
The Shanghai Chamber of Commerce and other public organisation have wired to the Government urging that
Minister of Finance.
The Cabinet handed in their joint' resignations to the Presi- dent; Professor Grau San Martin, a few days ago, but the latter has decided to hold the matter in abeyance, pending a new attempt at reconciling the warring fac-
Mr. T. V. Soong remain astions by offering them a semi-
In the same wire they state' that at this time of national crisis!
Parliamentary Government.
· The Government, how- ever, now seems on the verge
It is not wise to permit Mr. Soong of collapse, as the strong to quit his post.
Wing, the A.B.C.. organisa- tion, is threatening to with- draw its support.
The Shanghai market has been seriously affected by Mr. Soong's move and the public organisa Many are confident that the led by Dr. tions urge the Government to do Cespedes party everything possible to induce Mr. Cespedes y Ortiz, former Presi- "I am more than satisfied with Soong to remain. They have also dent, will shortly be reinstated, the results of Navy Day and am very appealed to the former Finance possibly with some assistance pleased with the interest shown in Minister himself. urging him to and protection from America. the Royal Navy by the public of withdraw Hong Kong, who, in spite of incle-Reuter.
אה
resignation.
(Continued on Page 2.)
FINANCIAL POLICY WILL REMAIN UNCHANGED
BALAN
A partially effective commercial strike disrupted business in Havana on October 24 and there were new reports that the support of Presi dent Ramon Grau San Martin's since Government, Cuba's third early August, was crumbling.
Reinforcements were kept in
diers re-arranged machine-guns and sandbags outside the Presidential Palace in connection with the strike. The stoppage did not become as
It is now practically impossibe equivalent to a 50 per cent. cut tble for such counter-action to
in the gold content of the dollar-wae a mandate for the repudiationment weather conditions and an im- of the orthodox Governmental pro- pending typhoon, flocked in their are Reuter. The most serious disturbances succeed unless the Banks
nouncements made before last hundreds to the Naval Dockyard,” said the Commodore Captain Frank nerurred at Haifa, Jaffa, Aere, prepared to speculate to
March he said.
They were trying to show that Elliott, O.B.E., RN. in a brief in- NEW MINISTER TO ASSUME readiness in police stations and sol
OFFICE ON NOVEMBER 1. heaped-up corporate surpluses and terview with a representative of over-concentration of wealth were the "China.Mail" this morning..
Shanghai, To-day, not the life, but the death, af trade,'
"The attendance of 6,400 more
Interviewed by pressmen, Dr. H. "Incomes must be transformed than justifled expectations and the
larger wages and higher gulden had their work cut out for H. Kung stated that he will follow general as planned however. prices for farmers, and retail them in answering the multitude the same financial policy as Mr. T.
The must decide whether he or Col. the prices must be moderated," he de-of questions forthcoming," he said. V. Soong, after his assumption of Grau's student supporters told him Asked if there were. any likell- he post of Finance Minister. clared-Reuter,
hood of Navy Day being repeated. He added that he will not change Fulgencio Bautista, the former ser next year, the Commodore said any of the personnel of the Minis-geant who now heads the army, is "the matter rests entirely with the try, although he could not help it to be President. Commander-in-Chief and with the if any of the staff should insist on public of Hong Kong.
LOAN FROM BRITISH BOXER FUND.
$8,000,000 For River Conservancy Work.
Shanghai, To-day,
1 is learned from authoritative countries. --Reuter.
quarters that the Nanking Minis
try of Finance has reached
de.
Washington, To-day.
advocates
of
The Financial Times sees
The silver threat to the industrial and United States Congress have 1.73- monetary stability of
other nounced that they would meet at about the middle of November to formulate a united programme for
unless President Roosevelt makes a move to stabilize silver in the mean- time.
finite arrangements with the Sino- M. PAINLEVE'S LAST an action to rehabilitate the metal,
British Board of Trustees of the
British Boxer Indemnity Funds for
MESSAGE.
a lean of $8,000,000 for carrying Statesman's Presage Of The group is composed of Sens-
out conservancy work on the Huai River-Central News Agency.
SHAKESPEAREAN ACTOR DEAD.
Mr. E. H. Sothern.
New York, To-day. The death is announced of the Shakespearean actor E... II. Sothern-Reuter.
Death In Interview.
COLLAPSED DURING NIGHT
Paris, To-day.
tors Thomas, King, Wheeler and Key Pittman.
into
US. CONTROL OF WORLD'S GOLD?
Secret White House Meeting.
Washington, Later. They intended to press for Can- President Tloosevelt's conference gressional action immediately, when with bis advisers lasted for three Congress meets in January, with an hours. All the members who at per-tended are under strict injunction "I had no time to finish my work emergency programme and a
con-to say nothing. never have time now, but matent plan to be advocated doesn't matter. When one is about currently-fleuter.
to die, one likes to think that one leaves something that youth will finally achieve."
These words were uttered by M. Painleve, the famous French state
The late Mr. E. H. Bothern was the on of a famous father, E. A Sothernamen, in the last Interview given
the leading British comedian of his by him before he died,
day, creator of the famous character.
Born in America,
LOCAL DOLLAR RISES.
Silver Advances g. The dollar has advanced His opening to-day at 1/41⁄2.
M. Painleve had, suffered from
Lord Dundreary, The received his education in England, heart disease for years,
"If the latter want us to put on a similar show, the Navy would be only too pleased to do so. Personally, I should like”, to see Navy Day repeated every year," the Commodere stated. "Of course he entire programme was a large gamble but the dense crowds backed up its success. It gave us an idea as to what will have to be done in future pro- The White House atatement
igrammes in the manner of seating varv vague merely giving the an accomodation etc, but, beyond asy- nouncement that gold can be puring that I am more than satisfied chased abroad together with the with our first effort, I should like names of those attending the Cono say nothing more at present." ference.
PRINCE SUMI TO JOIN
JAPANESE ARMY:
„Tokyo.
leaving.
It was reliably reported that Dr.
(Continued on Page 9.)
Dr. Kung is now busy taking over AUTONOMY GIVEN TO
the affairs of the Finance Ministry and will assure his new post on November 1-Reuter
· CHINA'S FOREIGN-
TRADE.
Condition Now Worst Ever Experienced,
EXCESS OF IMPORTS OF ~ 456,605,000 TAELS. "
Nanking, To-day.
INNER MONGOLIA
Constitution Of The New Government.
TO DEAL WITH INTERNAL
EAL W
AFFAIRS ONLY
Peking, To-day.. The movement conducted by the Mongolian Princes for self-govern- ment fa Inner Mongolia hes · cul- minated in the inauguration of the Autonomous Government of Inner According, to statistics compiled Mongolia with Peilingmiu as the by the Trade Board of the Nanking seat of the Government. Government, the yaine of China's The Constitution of the importa, last year was 465.605,000 Government has been announced.
It provides for an Executive Com
new
Observers are of the opin lon that the extension of the gold campaign to foreign mar- kela is a step forward to man- aged currency and to virtual American control of the hoped he would have a complete closing at 18.8/16 and 18 5/16 seaworld's gold. Others mavlingy mn International currency YRON In 1870. twice, in 1881 and 1907, retiring from recovery. The former Premier,pectively. * the stage in 1915. He married twice, however, collapsed and died in the The cross rate, London on New The step will undoubtedlying to an sabuncement by the Im- been faced with an unfavourable tive Committee and Advisory Com his spcond wife being the well-known early hours of this morning Reu-York, is 6-G$4.59% while New creasethe dimculties of countries perial Household tragedianna Julia Marlowa, He Wa
afterwards returning to America, three doctors decided yesterday Silver, both spot and forward, his first theatrical that he needed a long rest, but marked a rise of % on Saturday;
sluited Eew!
where b
ไฟ
be mad Fark Theatre,
74 years of age,
York on London is &-G#4:71.
His Imperial Highness Prince|isels over that of exports. Sumi, youngest brother of Emperor This is regarded as the worst mittes as the highest administrative Hirohito, will join an Army Regi- state up to now of the foreign body, ünder which there are the Po ment next March as cadet, accord-trade of China, though she hastical Affairs Committee,, Legisla
Department balance of foreign trade for many mittes
years-Central News Agency.
still on the gold standard-Renter. United Press,
(Continued on Page #1)