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THE HONG KONG HOTEL
GARAGE
BEDFORD
MADE IN
Stubbs Road, Happy Valley.
ENGLAND
The dollar, on deman
to-day at 1/5 12
Supr
ChinaTM Mail
Est. 1845.
1845
THE OLDEST ESTABLISHED NEWSPAPER IN THE FAR EAST
No. 28,617
HONG KONG, SATURDAY, JANUARY 6, 1934. PRICE $3.00 Per Month.
BERNARDS OF HARWICH,
FOR
CONSULATE SHIRTS & PYJAMAS : LILLEY & SKINNER FOOTWEAR : ROLLS RAZOES: WOLSEYS `KNITWEAR : MACCLESFIELD SILK. NECKTIES : MOORES FELT HATS.
· CHATER ROAD, HỒNG KONG
RUMOURS STILL PERSIST THAT US. SILVER BOOST IS IMMINENT
BRITISH TRADE
WITH FRANCE
New Commercial Agreement.
JEOPARDISED BY EXPORT. QUOTAS
London. To-day.
The recent decision of the reduce French Government to
the import quota licences in res- pect of United Kingdom cotton goods by 75 per cent. was dia- Curned at a meeting of exporters At Manchester, yesterday.
The meeting decided to urge the British Government to take strong action to pro- tect the interests of British Trade.
It was emphasised that the re- duction in quotas entirely nulli- fied any benefits from the recent abolition of the 15 per cent, sur- tax on British goods to France.
The meeting suggested that the quotas be fully restored pend- ing the anticipated Anglo-French commercial discussions. Reu- ter.
BRITISH OPINION DISTURBED
PROFESSOR MOLEY
MODIFIED FORM OF BIMETALLISM?
PRESENT TREND IS AWAY FROM PAPER MONEY
..
PRESIDENT ROOSEVELT TO CONTINUE GOLD PURCHASES
WASHINGTON, TODAY.
RUMOURS THAT ACTION. TO INCREASE THE VALUE OF SILVER IS IMMINENT PERSIST IN SENATE - CIRCLES, AND.. IN THE EXPECTATION OF EARLY PRESIDENTIAL MONETÁRY. AC- TION, SENATOR THOMAS HAS AGREED TO WITHHOLD HIS PLAN TO HAVE A SENATE SUB-COMMITTEE DRAFT À MONE-
U.S. LIQUOR TAX TARY PROGRAMME.
BILL
Passed By House Of Representatives.
TO YIELD $470,000,000- ANNUALLY
388 votes to 5.
The measure was passed by
Washington. To-day, The United States House of Representatives yesterday pass- London, To-day.
ed the Liquor Tax Bill which is The full implications of the re-estimated to yield U.S.3470,000,- vision, by France, of her import 000 annually. quotas, are being carefully studied In responsible quarters here, and opinion is much disturbed. The Bill-- provides a tax of U.S.-
Special attention is directed to the unfavourable effect of these trading restrictions on the perts of the early initiation of the negotiations for an Anglo-French commercial agreement. British Wireless Service.
•
per gallon on distilled spirits, 11.5.85 on a barrel of beer, and pros from four to 40 cents per gallon on wines, necording to their alcohalle content.
WEEKLY TREASURY
ISSUE.
£76,260,000 Applied For.
London, To-day.
was ap
A total of £76,200,000 plied for in the tendera for £35,-| 000,000 worth of Treasury Bills yesterday. The amount allotted in Bills at three months was £20,- que,bud.
Wines containing over 24 per cent, of alcohol, however, are subject to n U.S.$2 tax per gallon, the same as spirits. Blended spirits are taxed at the Trate of U. S. $2,30 per gallon.-
Reuter.
AIR MINISTER'S TOUR.
Arrival At Athens.
London, To-day. Sir Philip Cunliffe-Lister, the Colonial Secretary, who is on
an
The average rate per cent. was air tour of the British possessions 18/11.54. EN compared within East Africa, arrived at Athens 19/4.05d. last week.-British Wire- from Brindisi yesterday afternoon
Jess Service,
DEPUTY HARBOUR
MASTER.
Local Appointments Gazetted.
with
in an Imperial Airways seaplane.
He leaves for Cairo to-day- British Wireless Service.
PREMIER'S RETURN TO LONDON.
To Leave Lossiemouth To-morrow.
London, To-day.
The Prime Minister, Mr. Ram-
Official comment is lacking, but President Roosevelt kas madé it clear that provision is being made to continue the gold pur- chases both here and abroad. The trend of opinion is away from paper money and towards gold and silver re-valnation, probably a modified form of bimetallism.
Senator Thomas favours a return to the gold stand. ard as soon as the international situation permifis, but at a lower rate.
Senator Borah urges a White House conference between the in- flationists and the "hard money" schools, with President Roosevelt as umpire, in order to end the monetary dispute.--Reuter
JUSTICE FOR SILVER.
Prof, Moley Supports Bimetallism.
SPECIAL TO CHINA'MAIL (By_Telegraph, Copyriski, Telegra- thie Messages Ordinance, 1381. Re ceived January 6, 0.58 a.m.)
New York, To-day. The former head of Pre- sident Roosevelt's "Brain Trust," Professor Raymond Moley, writing in his maga zine, urged "justice for sil- ver," declaring that the ad- dition of silver to gold as a make metallic base would. the foundation of the world's monetary structure Arm.-United Press, per S. C. Gold Bar Co.
more
$10,000,000,000 LOAN THROUGH BONDS.
Life Of R.F.C. To Be Extended.
SPECIAL TO CHINA MAIL (By Telegraph, Copyright, Telepra phic Messages Ordinance, 1896; Ra- ceived January 8, 1.58 a.m.):
Washington, To-day."
The Speaker of the United States House of Representa. tives, Mr. W. Rainey yester
Ray MacDonald, has arranged today declared that he expected. leave his home at Lossiemouth to-morrow.. by the night train; for London-British Wireless
His Excellency the Governor has been pleased to appoint Dr. George Dundan Ralph Black to be a mem-; ber of the Dental Board for a fur- ther period of three years, effect from October 28, 1938.
The appointment of Mr. William Richard Kingdon Collings to be an Service. Assistant Government Marine Sur- "Beyor (Ship Surveyor), Harbour Department, with effect from December 28, 1983, is garetted.
Mr., Thomas William Harold
RUMANIA AND ITALY,
a resolution to be introduced shortly," extending the life of the Reconstruction Finance Corporation
for
several months.
Its operation expires on January
Hosegood has been appointed to act II Duce Signs New Trade Dept. the United States Tree-
Deputy Harbour Master, during the absence on leave of Commander seph Bernard Newill, D.8.0, RN, Retired), or until further notice, th effect from December, 80, '1983. The name of Dr. Lee Ho-tiu, MB 8.8, (Hong Kong) of 80, Caine Road Second Floor, has been added the Registrar of Medical Practi- oners of the Colony of Hong Kong.
WEATHER REPORT
Treaty
Rome, To-day
|sury's-huge cash balance · of US- |8955,991,710, some expect that the rapid increaza in emergency ex penditures might require the in-
A now Italo-Rumanian com-surance of new securities before
existing commercial agreements mercial treaty, replacing all the
signed by the Italian Premier, between the two countries, was Signor Mussolini, and the Hu- manian Minister, to Italy, yes terday, Reuter,
forthcoming Ierate north maz- Douglas Walter Mortlock of
forecast Issued
Shanghat Bank
Bus Kathleen Niblock, of s
Kong Rout
February
MORE POWER FOR
ROOSEVELT,
To Negotiate Trade Agreements.
SPECIAL TO CHINA MAIL. Hy Telegraph, Copyright.~ Talegra-- nham Meangos Ordinance, 1884. Re- coived January 0, 0.50 a.m.). ' -
Washington, To-day. :
in
Len Harvey (England) beat Jack Petersen (Cardiff) on points fifteen-rounds contest for the heavy-weight championship of Great Britain, at the Royal Albert Hall, London.
Petersen ducks under Harvey's left lend, and lands with him':' left- & G.).
LORD JUSTICE OF APPEAL COURT
Sir Frederic Maugham Appointed.
NOVELISTS » BROTHER,
London, To-day.
Sir Frederic Maugham, brother of Mr. Somerset Maugham, the It is understood that President famous novelist, has been Roosevelt next week will deliver
a Lord Justice of the
MILK STRIKE
TURBULENT.
SITUATION
IN EUROPE
"Must Be Changed To Secure Peace."
SIR JOHN, SIMON REVIEWS HIS ROME VISIT:
London, To-day.
The Foreign Secretary, Sir John Simon, concluded his visit to Italy at noon yesterday, when, accom panied by Lady Simon, he left Rome for Paris.
In addition to the British Am- bassador to Rome, Sir Eric Drummond, and members of the Embassy Staff, Signor Suvich, Baron Aloysi and Signor Grandi were at the station to bid him. farewell.
!
Before his departure he re ceived press representatives and raised during his conversations discussed with them the subjecte with Signor Mussolini Reports of the interview state that Sir John Simon said that his visits to Paris and Rome had been most profitable,
The Rome visit, in particular, 18,000 ILLINOIS FARMERS CALL he said, had served to amplify the ideas he already had regard- ing the views of the Fascist Government on the various pro- blems weighing upon Europe.
Organised Attempt To Force Higher Prices In Chicago
Chicago, To-day. -
A lightning milk strike a been called by 18,000 orgaand farmers within 100 milos redson of the city.
They aro
prices
demanding higher
Adequate supplies are promised from independent sourers-Reu
др
Ler.
a message to the United States pointed Congress on reciprocal trade High Court of Appeal in place of agreements and will perhaps re Sir Paul Ogden Lawrence, who quest authority to negotiate such agreements without Senate rati-
has resigned. Reuter, fication, as an important recovery instrument, - United Press, per S. C. Gold Bar Co.
FAVOURABLE REACTION TO BUDGET SPEECH
Washington, To-day. Mr. Henry Morgenthau, Secretary of the Treasury, has reported that the budget has produced a good reaction in the financial markets.
Mr. Morgenthau also said that the Treasury will begin borrowing "acon". United Press, per S.C, Gold
Bar Co.
Dollar Stabilisation Delayed.
Washington, To-day, Informed circles in the Unit ed States predict that per manent stabilisation of the dollar is Ifkely to be delayed beyond the present sesalon of: Congres, and perhaps until late in the Bummer.-United Press, por &C. Gold-Bar Co.
Sir Frederic Maugham has been a Judge of the High Court of Justice (Chancery Division) since 1928. While at Cambridge, he was one of the best darsmen of his day, gaining his blue in the Boat Races of 1888 and 1889, He be-
He had welcomed the invita tion or Signor Mussolini to visit Rome for he was eager to under stand the views of the Fascist Government ar fully as he under stood. those of France as the re sult of his visit to Paris. He was now in a position to prepare a detailed report for submission to his Government on his return to London,
In regard to Disarma
PIRACY ON CHINA, Sir John Simon declar
COAST
New Regulations From Nanking.
Nanking, To-day. Interesting regulations "concer
ed his conviction that that problem must be solved be fore, all others, and added that the Italian Premier was steadfastly convinced that the present turbulent situa tion in Eurovë must be changed in order to secure world peace.
came a Barrister of Lincoln's Inning piracy on the China coast All the statesmen with whom in 1880 and a Bencher in 1815,
have been adopted by the Chinese he had had contact, he said, were Sir Paul Ogden Lawrence, who
Government. The regulations will convinced that in the event of was appointed a Lord Justica of be enforced three months after war no country in the world Bar In 1882, and was a Judgo of Appeal in 1926, was called to the
|their promulgation.
would escape its bitter conse- the High Court of Justice from alla, that Chinese and
The regulations provide, inter quences, plaka
foreign Regarding the reform of the 1918 and 1926. From 1918 to 1918 steamers he was Chairman of the Incor will receive protection equally in spoken in his travels, were along the Chins coast League, those with whom he had porated Council of Law Reporting the event of piracy, Chinese war- agreed that the complex pro for England and Wales from 1917 ships will be stationed at places blem of Disarmament must first to 1919. From 1910 to 1927 be where piracy is frequent and be discussed and a solution found was a Member of the Rule Com steamers may request search and which would recognise the moral mittee of the Supreme Court.
examination by police and the navy equality of Germany.
RUMANIA'S NEW CABINET.
Titulescu Drops Out.
Bucharest, To-day.
A last-minute surprise in the new. Cabinet is that M. Tartaresco him-
STOCKS WEAKEN ON salt becomes Foreign Minister provi-
WALL STREET.
All-Round Decline.
SILVER STEADIER IN NEW YORK.
New York, To-day. prices were generally This It is thought-might test the
on the New York day, with :: Industri offering acceptanes which will de.
1.55 $7.25 Ralla, utilillen and termine the remainder of the pro
bond
10 and 05 39.85 22:48 and 54:73/re
dez was down
atively stated that
sionally instead of M Titulescu:---- Beuter.
US. AND WAR
DEBTS
Roosevelt To Address Congress Shortly:
TOʻICHINA
of suspicious passengers, Sir John Simon, who is mak
Steamers should Instal wirelessing the journey from Paris by and should communicate at least air, is expected In London this once every four hours.with stations afternoon.British Wireless to be designated by the Ministry of Service, Communications Reuter.
SHANGHAI BOY MISSING.
Information Wanted.
SAID TO HAVE BEEN SEEN.
IN HONG KONGE
INVESTIGATION OF US. COMPANY.
Director Arrested For Misdemeanor.
SPECIAL TO CHINA MAIL
Telegraph, Copyrightë-Talegre Message Ordinunes, 18982. Re: JT .55CM.) ja k New York Today, Mr. Philip Philbin Jr. who com trols the
Tuck Company |been arrested for a misdemeanor in „fo-answer" tha questi fate's investigation of the AP.
Vova Loukomsky, or Carletonia Phio, 12-year-old-Rusalan boy, has been a masing from his home in Shang- hai since the beginning of April
He is about five fest. with com
[operatione":
Fon U8:8500 of the ibed Press,