The dollar, um, de
to-day at 1/5 1-8.
FINAL EDITION
BEDFORD
MADE IN
ENGLAND
THE HONG KONG HOTEL
GARAGE...
The Hong Kong & Shanghai
Hotels. IA
British
TRUCK
Incorporated in Hong Kong. Stubbs Road. Happy Valley.
Economical 27-h.p. -cylinder engine -reducing vibra tion, reducing engine-wear, redac Ing time-off-the- road, reducing ex- penses.
"ROOSEVELT
AMERICANS
FREEZE AT 30
BELOW ZERO
30,000 NEW YORKERS SHOVEL SNOW.
MOTOR CARS FROZEN INTO THE GROUND
New York, To-day. Practically the whole of the United States is shiver- ing in the coldest weather
for 20 years.
At Minnesota, the tempera- ture is 38 degrees below zero, atj Chicago nine degrees below, and at Wisconsin 31 degrees below.
Over 30,000 New Yorkers are
China Mail
Eat. 1843
THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST
"No. 28,610 HONG KONG, THURSDAY, DECEMBER 28, 1933. PRICE $3.00 Per Month:
ZAMBRENE WEATHERPROOFS
Superior.
BERNARDS OF HARWICH.
Outfitters.
CHATER BOAD,
HONG KONG.
SILVER PLAN WILL NOT HELP ORIENTAL TRADE"
CUBA DEFAULTS INTEREST ON CHASE BANK LOAN
U. S. $40,000,000 Authorised By Machado's "illegal" Congress
SPECIAL TO CHINA MAIL By Telegraph, Copyright. Telegra phic Meranges Ordinance, 1884. Re ceived December 28, 749 am)
Havana, To-day.
The Cuban Finance Minister has revealed that Cuba does not intend to pay the U.S.$1,100,000 interest due on December 31 on
worth the U.S.$40,000,000 Public Works bonds which Chase National Bank floated.
of the
The Minister said that he con- siders the bonds illegal in as much as they were authorised by ex- President Machado's illegal Con- gress.-U.P. per S.C. Gold Bar Co.
shovelling snow from the roads INDIAN AIRMAN'S which are like glass and almost un-negotiable.
Numerous motorists who deserted their cars during Tuesday night's blizzard
VENTURE
Flight From London To Cape Town.
ATTEMPT TO BEAT AMY JOHNSON'S RECORD
now find that their vehicles at the kerb-sides are immov- ably frozen to the ground. Deaths over Christmas in the United States exceeded 180, most) of them resulting from motor acci-
London, To-day. denta.
The Indian airman, Mr. Man Five died from cold when snow-Mohan Singh, who is Chief Pilot bound in the Middle West, while a to the Maharaja of Patiala, is 19-year old girl shot herself dead at awaiting favourable weather to a party in Kenosha, Wisconsin-start on an attempt to beat Mrs. Reuter.
Amy Mollison's record in a flight| to Cape Town.
CHASE BANK TO REDUCE STOCK.
ani Will Provide Surplus Of $50,0000,000.
His machine, which has a range of about 1,200 miles and a cruising mend of 125 miles per hour, is at Croydon, undergoing final adjust ments.
1
Mrs. Mollison's England-Cape re-i cord of 6,220 miles in 4 days, hours, 54 minutes, was established] The Directors of the Chase Nain November, 1932-British Wire-
less Service.
New York, To-day.
tional Bank have approved the la
of Bue of U. S. $50,000,000 worth five per cent, preferred stock, and have decided to reduce the com. mon stock from U. S. $148,000,000 to U. S. $100.027,000.
The new preferred stock will frat be offered to common stock holders on a "pro rata" basis after which the Reconstruction Finance Corporation has agreed to purchase! the stock not taken up by the com mon stock holders.
AIR MINISTER'S TOUR.
Lord Londonderry's 16,000-Mile Flight.
INSPECTION OF OVERSEAS AIR FORCE UNITS
London, To-day. Lord Landonderry, the Secretary
After the changes the Bank will have a surplus of U. S. $50,000,000 for Air, who is spending the Par. and undivided profta of approxim-liamentary recess in u 10,000-mile ately U. S. $9,000,000.-Reuter.
air tour of units of the Royal Air
Force overseas, has completed his
Force stations in Egypt.
from
WATSONIANS AGAIN inspection of a Bumber of Air
LOSE IN WALES. Leicester's Rugby Win Over Barbarians.
He continued his journey
U.S. ECONOMIST'S ASSERTION
MAINLY OF POLITICAL
SIGNIFICANCE
TEXTILE INDUSTRY MAY SUPPORT REMONETISATION BILL
SPECIAL TO SHINA MAIL.
(By Telegraph, Copyright, Telegraphic Messages Ordinance, 1894.
Received December 28, 7.49 a.m.);
CHICAGO, TO-DAY,
MR. HARLAND ALLEN, THE LEADING ECONOMIST IN THE MID-WEST YESTERDAY SAID THAT THE MOST IM- PORTANT FACTOR IN PRESIDENT ROOSEVELTS SILVER PROCLAMATION WAS THE POLITICAL SIGNIFICANCE TO THE SILVER STATES. IT WOULD NOT HE ASSERTED, HELP ORIENTAL TRADE.
He attributed the recent rise in retail buying largely to the expenditures on civil works and to beneficiaries, and expressed an opinion that the Government's future' monetary, policy would probably be to de-value the dollar by 50 per cent: Unlied Press, per 8. C. God Bar Co...
SPECIAL TO CHINA MAIL.
(By Telegraph, Copyright, Telegraphis Messages: Ordinance, 1884. Received December 28, 8,07 am)::
Washington, To-day.
Senator Wheeler predicts that the United States textile industry would support the Bill remonetising silver on a basis of 16.to 1. "Un- less we remonetise soon, the British and Japanese textile industrialists will force. American textiles off the market. Press per S. C. Gold Bar Co.
ROOSEVELT FACES STORM.
If He Opposes Inflation.
SPECIAL TO CHINA MAIL.
· (By Telegraph, Copyright, Telegra phic Messages Ordinance, 1884. Re- erived December .28,. 6.07 a.m.)
Washington, To-day.
Senator Reed, of Pennsylanla yesterday predicted an almost unprecendented outburst if President Roosevelt announces that he is definitely against in- flation-U.P. per S.C. Gold Bar Co.
MORE REFORMS FOR WALL ST.
Regulations Tightened.
Cairo yesterday morning, flying in a Service aeroplane, proceeding via Asslut and Wadi Halfa to Khar- FULLER DETAILS OF SHARES OF
CORPORATIONS toum, where No, 47 Bomber Squa-1 dron is stationed.
London, To-day. Beaten by Newport on Tues- Later he will visit Trans-Jordania| day the Watsonians suffered and many centres in India.-British their second defeat on their Wireless Service. Welsh tour when they Inat at
Cardiff yesterday.
The following were the results of
the leading Rugby
yesterday:
Union
Rames
Bristol 7 London Welsh 4.
Leicester 21, Barbariane 10, Cardiff 17, Watsonians 8.
Newport 8, Aberavon 6.
FRANCO-BRITISH COMMERCE.
Conversations To Be Initiated.
United
OVERPRODUCTION FEARED
Unless Silver Plan Is Extended.
CANADIAN MINERS TO INCREASE OUTPUT
Ottawa, To-day. President Roosevelt's silver policy and the expectation that the Canadian Parliament, at the coming session, will ratify the London Silver Agreement, likely to lead to renewed activity in Canadian mines, the output of which owing to the low price,
has dropped from 26,000,000 ounces in 1930 to 18,000,000 ounces last year.
Mr. Teh Ming Pan a Chinese student who has just arrived in London, having · walked 20,000 miles from Shanghal overland, . This is the first half of his journey round the world, and it has taken him three years so far. Mr. Pan has an autograph book
with him which contains 5,000 signatures in 29 languages. :
The feet that did it!-An unustial view of Mr, Teh Ming Pan resting at China House, Gower Street, London—(8. & G.),
REFORMS OF
FRENCH RAIL
SERVICES
DEMANDS FOLLOW LAGNY DISASTER.
EMERGENCY. LEGISLATION==!
PROMISED
A BILLION DEFICIT
BUT US.
FINANCES
IMPROVE
HUGE INCREASES IN
REVENUE.
EXPENDITURE DECLINES
· SLIGHTLY ·
SPECIAL TO CHINA MAIL.
(By_Telegraph, Copyright. Telegra», phie Massages, Ordinance, 1834. "Ez ecived December 28, 8.47 a.m.)
Washington,
To-day.
It is announced by the U.S. Treasury that the Federal deficit for the fiscal year, so far is U.S.$1,024,121,667, as
the $1,593,694,753 for corresponding period of last year.
MAJOR FIGHTING compared with
IN FUKIEN
Two Rebel Pilots. Desert.
ARRIVAL AT HANGCHOW REPORTED
The total expenditures are $2,464,815,131, as compared with
904,0567
compared
hile the 193,464, with
Hungchow, To-day, aye)) According to a report brought income Paris, To-day. by an aeroplane which has just Public opinion has been pro-returned from the front in north 86 foundly stirred by the Lagnyern Fukien, major fighting is in $1,000,209,302.
the difference in re- train disaster, the death roll in progress in the area between
Chien-Ow and Chlenyang. The which has now reached 203, and Numerous rebel troops are mov-venue is due to the new demands are being made that iming towards Pingyang,
special taxes United mediate steps be taken to pre- It is claimed that two rebel vent a repetition of the tragedy, planes have gone over to the Press, per S. C. Gold Bar including the substitution of Central Government side. They Co.
-
steel for wooden carriages.... flew to the Hangchow air base on
It is announced that the Govern-Sunday, while pretending to
ment will shortly introduce emer-carry out an air raid of the Cen- TRADE FIGURES FOR gency legislation.
Thore were moving scenes at the memorial service to the vic tims at the Gare de l'Est. Many among the mourning re- intives were unable to restrain their feelings when the funeral oration was delivered.
tral Government position on the Cheklang border. Central News Agency,
AIR RAIDING OF FUKIEN TOWNS.
Japanese And U.S. Consuls Protest,
NOVEMBER.
Improvement Over 1932
́SPECIAL TO CHINA MAIL * (By_Telegraph, Copyright. Telegra phic Messager Ordinance, 1884,· Re- ceived December 23, 8.40 am)... (
Washington, To-day.
M. Paganon, Minister of Public An important new silver Works, has promised that an Impar mining camp is rising on the tial enquiry will be held. He added
Shanghai, To-day. The United States Department eastern shore of the Great that it was the desire of France
that all the resources of science The Japanese and American Con-of Commerce reports that Bear Lake.
¡instructed... by London financiers fear that should be placed at the service of aula-General at Nanking have been American exports for November their respective amounted to U.S.$185,000,000. President Roosevelt's policy will safety-Reuter.
Governments to call the attention This figure is five per cent, be of the Nanking Government to the low the. lead to over-production unleas
October figure, and New York, To-day. other action is taken, possibly
danger of their nationsis at Foo- $46,000,000 above November, the
chew and Changchow being involv-1982 Drastic changes in the listing bimetallism, for which requirements of the New York American allver States are press- Stock Exchange have been aning, or the restoration of allver nounced. They are designed to coinage, by European countries, prevent Corporations from Infiuen to pre-war fineness. Reuter, cing the market value of their own shares, sutra
The provisions include, firstly, that all companies must, äfter Jan- uary 81; make monthly statements
SILVER RISES ON WALL STREET.
KING'S SYMPATHY.
the Nanking, planes.
Telegram To Presidented in the bombing of the rebels by
Of French Republic.
Imports for last month
totalled $128,000,000/= 28. The Nanking Government has compared with $150,856,000| taken note of their request and or- for October and $104,468,000 dered the Air Force authorities to for November, 19823rd London, To-day...... The following telegrar has been exercise more care in carrying out The export decline was below addressed by the King to the Pre-air raiding of the rebels in the usual and the seasonal import
future:
decline greater than usual; - sident of the French Republic: So far, however, the Japanese United Press, per S. C. Gold Bar
"I am very distressed and shock-and American diplomatic authori Co
FRANCE TO REDUCE EXCHANGE of the amount of their own shares Following Decline Onod, Monsieur Le President, to hear the admit that neither foreign -Reuter.
WEDNESDAY DRAW
AT HAWTHORNS.
Collect Three Points
From Throstles.
*SURTAX
London.
STOCK MARKET IMPROVES.
which they have purchased...
Secondly, after December 31, all London, To-day,companies must disclose all exist The French and United Kingdom ing options on their own securities.
New York, To-day, Governments have agreed that con- Thirdly, after December 81, the Stock Exchange Committee will la- versations shall be initiated as soon as possible with the object of vestigate the circumstances sur The decline in the London 'parity adjusting commercial relations be rounding the fasue of new securi, was responsible for a lower open- tween the two countries, lies to prevent a concentrated ing in silver on the New York
These conversations have been ren-holding from being inquitably die change, you
London, To-day. Sheffield | Wednesday,” cham, derød possible, by, the decision of pions of the premier English the French Government to sup- Soccer League two seasons ago, prasa, 8 from January 1, the ex- collected their third point against change surtaz of 15 per cent "ad West Bromwich when they shar- valorem" "hitherto levied on Britishĵ ed two goals at the Hawthorns goods on Importation Into Frands, feyesterday, un kaut kTATUAGA MA Bill Kutnorisin
24 On. Boring Day the Wednesday of the.
won at Bhemeld by Bygoal toy 2 háma
On Bats
oliday ön" Christmas: Day,
tributed Reuter,
Mints Ready
Coin Silver.
TO CHINA-MATU
Awitching
that the railway accident which oc: property have been reported in the curred near Lagny, on the eve of past few days-Central News |Christmas, resulted in such, heavy Agency.
loss of life and so much, grievous suffering..
(Continued on Page 6.)
CODEX SINAITICUS.
Famous Manuscript On Exhibition.
(Continued on Page 18),
STOP PRESS
TRIA
A DEFINITE UPWARD
BUSINESS TRENDS
SPECIAL TO CHINA MAIL (by Telegraph, Copyright, Telegra | phía | Marnayer Ordinance, 1886, Re
ceived December 28, 7:49 am)
New York, To-day. Brookmires Journal, tim
athly business
of 1984 that it is