Put
these
hefty
trucks
BEDFORDY
SINCLAME
on Your work
FINAL EDITION
bay at T/5′′ 84.
China Mail
THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST
EM. 1945.
HONG KONG HOTEL GARAGE,
STUBBS ROAD.
Tel. 27778.
No. 28,625 HONG KONG, TUESDAY, JANUARY 16, 1934.
Bat. 1645,
Co
ZAMBRENE WEATHERPROOFS
Superior
BERNARDS' OF HARWICH.
Outfitters.
CHATER ROAD,
HONG KONG
PRICE $3.00 Per Month.
ROOSEVELT INTENDS TO REVALUE US. DOLLAR AT 60 PER CENT
FRENCH
FURTHER 10 PER CENT DEPRECIATION RESERVED.
AIR LINER
CRASHES LITTLE
ALL 10 PASSENGERS
KILLED.
GOVERNOR OF INDO-CHINA
A VICTIM
Paris, To-day.
A French plane, thought to be the “Emer-
REACTION
IN LONDON
Depreciation For
Bargaining.
ROOSEVELT WANTS FRANCE TO STAY ON GOLD
GOVERNMENT TAKES OVER ALL GOLD
ONLY HINTS AT SILVER
POLICY
POUND AND DOLLAR BOTH FALL ON PARIS BOURSE
No Fears Regarding Stability
Of Franc Entertained ::
Paris, To-day,
The dollar and the pound fell here yesterday in anticipation of President Roosevelts message which not reach Paris until the Bourse had closed.
The Bourse, though somewhat
London, To-day. MANY RADICAL U.S. INFLATIONISTS nervous has no fears in regard
aude," from Indo-China, There is as yet, but little reac with the Governor-Gen- tion in London to President Roose eral of French Indo-velt's speech, owing to the news. China, M. Pasquier, arriving after business hours. aboard, crashed in flames that 60 per cent. dollar revalua- It is generally felt, however,
at Corbigny.
tion, though imposing consider Six bodies were taken able strain on France and Eng- land, will be temporarily bear from the wreckage.
able pending a final international Reuter.
agreement for which President Roosevelt is believed heading.
Later. It has been confirmed that the "Emeraude" has crashed.
The further 10 per cent de preciation held in reserve is TO-
garded as a bargaining weapon. It is believed that depreciation beyond 40 per cent, will precipitate
All nine people aboard, France into abandoning the gold
standard which President Roose-
DISAPPOINTED
WASHINGTON, "TODAY. SIXTY PER CENT. REVALUATION OF THE UNITED STATES AGE DELIVERED IN CONGRESS. YESTERDAY, DOLLAR IS URGED BY PRESIDENT ROOSEVELT, IN HIS MESS-
WHILE STRESS ING THE IMPORTANCE OF SILVER IN MONETARY SYSTEM OP THE WORLD, THE PRESIDENT WITHHELD HIS OWN" BILVER
MESSAGE.
President Roosevelt's message has generally favourably im- pressed the New York commodity markets, Anticipatory buying was followed by rather heavy selling, bit offerings were taken on slight reactions, with buying becoming more active on the an- nouncement of a new gold price.
Some radical inflationists are disappointed at Presi dent Roosevelt's stand against monetary inflation, while some more speculative aliver interests hoped for a more definite statement.
to the stability of the franc,
The French are highly desirous that the pound should not drop par passu with the dollar, but it la regarded as unlikely that the money market in Paris will be much affected-Router.
CHINESE
STEAMER
PIRATED NINE PASSENGERS MADE CAPTIVE.
SKIPPER FORCED TO TAKE SHIP NEAR SWATOW
Gran San Martin
POLITICAL UNREST
IN CUBA.
25 KILLED,
200 INJURED IN
EARTHQUAKE
WIDE AREA OF INDIA AFFECTED.
EUROPEANS INCLUDED AMONG VICTIMS
Bombay, To-day..
Twenty-five people have so far been reported killed here in the violent sarthquake sheck.
Gen. Mendieta Succeeds felt throughout India, yesterday
Grau San Martin.
Havana, To-day.
afternoon. Two hundred, at least, have been injured.
The earthquake which was the The political situation in Cuba most general since 1897, extended has been much aggravated by the
resignation of President Grau over an area from Gujerat in the. west to east Bengal and from the San Martín.
General Carlos Mendieta has Madras Presidency to the Himala been named as his successor.yas. Punjab was the centre of the {Reuter.
disturbance.
ANOTHER PRESIDENT ›
ין
Havana, later. Senor Carlo Sheria Cuban Secretary of Agriculture, has now accepted the post of President.
It appears that the district (about 1,000 miles east of Bombay and 100 miles north-west of Cal- {cutta was affected.
* Ninety people were sent to hos- pital at Patina, where families are homeless. Many of the dead and injured are lying in the debris.
The damage at Caya is report-
· Shanghai, Te-day. including the Governor-velt does not desire, as it will ro
The Chinese-owned steamer “Poe General of Indo-China, sult in the loss of the present ad- Senators Carter Glass, (Democrat), and Daniel Hastings, (Repu An," one of the biggest and fast- were incinerated.--Reu-vantage which he hopes to main-blican), stigmatise President Roosevelt's action as robbery The anest vessels on the China coast, was
The shooting which broke out thracite miners of Wilkesbarre Pennsylvania, numbering' 00, have pirated between Shanghai and around the Presidential Palace reed to be as heavy as at Paia, Tangtao yesterday. The pirates terday afternoon has ceased-Beu but no details have yet been re- struck after a dispute with rival Trade Unions. Retter
then took the vessel towards te fs Swałow.
ter.
Paris, Later.
as long as possible.-Reuter. Shortage Of Dollars.
M. Belazie, Director of Technij staan bag carriak, magyarul NARA cal Services of the Tranch Air Ministry, is the tenth victim
London, To-day. The reason that the dollar has
Washington, To-day.
President Roosevelt, in his U.S. GOLD PRICE t It is reported that she has now
of the "Emeraude" air disaster. not weakened heavily after Prest-message to Congress stated:-
dent Roosevelt's announcement is The other nine are:-
"In conformity with the pro-
The Governor-General Pasquier. believed to be due to the fact of agress we are now making in restor- M. Chaumier, Director of Com-heavy commercial demand for dol-ing a fairer price level and with mercial Aviation and his wife. ars in London and Paris and the purpose of arriving, eventual- M. Noques, a high official in the consequent shortage of dollars-y, at a less variable purchasing
air company.
M. Pasquier's orderly officer, and
four of the crew.
The "Emeraude" left Lyons at 6.15 p.m. for Paris and sent out a
Reuter,
GREATER STABILITY
PROMISED.
wireless message at 8.10 p.m. that London Press Comment,
she was flying at a height of 4,800
feet in a heavy snowstorm.
London, To-day.
power for the dollar, I ask Con- gres for certain additional legisla- on to improve the financial and monetary situation.
INCREASED
$34.45 An Ounce From To-day.
R.F.C. EXPECT BIG PROFIT
Washington, To-day.
been released and is returning to port.--Reuter.
Later.
The piracy on the China Mer- chants ship, Poo An (6,000 tons) was carried out in the traditional Imanner.
The vessel left for Tsingtao from Shanghai on January 18, with 100) Chinese passengers.
LONG ORDEAL ON LIGHTHOUSE
3 Keepers Marooned During Gales,
London, To-day. Severe gales during the past. fortnight have prevented the relief of three lighthouse keepers, one of whom was in jured at the lonely Dhu Hearteach Lighthouse, which is 15 miles off the Western Cast of Scotland.: Yesterday the Northern light, house relief ship, Hesperus, aue- ceeded in reaching the lighthouse
· Nine wealthy passengers · Įand took off the marooned men. were held for гадают.
The injured keeper was conveyed The "Poo An" is now malding for to Oban Hospital. Ma Shanghai and is due there to-morrow.
"By making it clear that we arc
The Secretary of the United When 100 miles out, 15 pirates establishing permanent metallic re- serves in the possesion of the States Treasury, Mr. Henry disguised as passengers overpower- led the officers and compelled the Federal Government, we can or Morgenthau, has announced that Austrian skipper, Captain Raks, At 8.40 p.m. Le Bourget nero-
The 60 cent dollar feature of ganise a currency which will be beginning to-day, the official price with a pistol pointed at his head to drome heard from a Corbigny gen- dermeric that the "Emeraude" had President Roosevelt's proposals sound and adequate." -
The message declared that con of newly-mined gold per fins steer for a bay near Swatow, where they disembarked yesterday evening trol of currency was the high pro-ounce will be U.S.$34.45 less one with their booty,
quarter of one per cent. for rogative of the Government.
handling charges.
of
fallen in flames at the village receives special attention in the
comments in the British press.
Guerigny, near Clamecy.
The Financial Times, describing "Every effort to rescue the
the proposal as giving "promise of occupants was frustrated by the intensity of the blaze. greater stability", remarks that the It is believed that the accident decision will have a great advantage was due to the formation of ice on in fixing the miximum margin risk the wings.-Reuter.
28 PLANES COMPLETE
15,000-MILE FLIGHT,
French Squadron Back From Africa.
Paris, To-day. The President, Premier“ Chau.. temps, the Air Minister and other members of the Government, to- gether with the representatives of foreign countries and a huge cheer- Ing crowd, welcomed the French squadron of twenty-eight planes on. Its arrival at Lo. Bourget yesterday! after the completion of a success-
involved in entering transactions in United States currency.
Bankers and industrialists will
rency prices; and wages.
"Many advocate gold and silver, either separately or with a fixed ratio, as a basis for currency,
the message stated.
"We hope that despite the pre-
This is assumed to be the Trea- mury price, and hot the Reconstruc, tion Finance Corporation's price.
A formal announcement regarding
Mr. Morgenthau, has set Wednes
be more inclined to deal freely, but snt world confusion, events are the matter is promised later. it remains to be seen whether Pre leading to some future form of aldent Roosevelt can reconcile the general agreement in times of often conflicting influences of cur- emergency, The practice of trans day night as the "deadline" for de- ferring gold individually or inter-livery to the Treasury of all gold. nationally is not only unnecessary held by individuals, not including the Federal Reserve Banks, whose but in every way undesirable.
The transfer of gold-in bulk total holdings are estimated at over was essential only for the payment 8760,000,000
The Reconstruction Finance Cor- of international trade balances, and therefore it was prudent to vest poration increased the gold fund to in the Government the title to pas- $150,000,000, ill, but $25,000,000 of session of all monetary gold with- which has already been used.
The "Morning Post" declares that the message clarifies Pre sident Roosevelt's monetary policy, though it will disap point those who expected im» .. mediate stabilisation.
(Continued on Page 6),
REPUBLICANS OPPOSE PROGRAMME
SPECIAL TO CHINA MÁIL.
ful 15,000-mile flight to French ( Telegraph, Copyright, Talegre West Africa and back..
phie Marmoss Ordinance, 1894. Be
• General Vuillemin, who was in coived January 16, 8,30 am.) command of the fight, was sward-jaye Washington, To-day.
Reuter.
LONDON TRAMS TO BE SCRAPPED.
To Be Replaced By Trolley Buses.
London, To-day. The London Passenger Transport Board Intend to replace trams, by
Metropolitan area and will shortly trolley buses on a long route in the spend £1,000,000 on these new vehi-
His colleagues had been tending him on medical instructions wire- lessed to the lighthouse, British Wireless Service.
ceived
European Women,
Killed.
London, To-day. A severe earthquake shock, causing some loss of life, was ¤X- perienced over a large part of India, yesterday,
In Calcutta tremors lasted three mintes, but, although some alarm was caused and a number of buildings were damaged, no one was seriously injured,
-It is believed that nine people were killed at · Gayn, Bihar," and eight · at Painia, while at Jamalpur, the Ben gal Station Buildings collage- ed, killing the wife and chil- dren of the European Mana=/ ger of the Railway Workshop and the wife of the local Medical Officer.
Several buildings also collapsed lat Benares, Lucknow, and in towns in the United Provinces. Tremors were only slightly felt
H.M.S. BERWICK at Bombay
AT FOOCHOW Platoon Of Marines
Landed
MERELY PRECAUTIONARY MEASURE
cles and in removing the existing | : H.M.S. Berwick, which is now tramlines. British Wireless Ber-standing by at Pagoda Anchor-
SURGERY MURDER TRIAL IN CHICAGO,
in its boundaries, keeping that gold Domestic purchases totalled 681, fu bullion rather than in coin. 1000 ounces, valued at $22,898,000, vice. :
"We had already called in the besides $97,000,000 foreign gold.
Mr. Jesse Jones, Chairman of the gold: possession of private indivi duals and corporations. There Reconstruction Finance Corpora remained a large weight of gold in tien said the dollar revaluation will possession of the Federal Reserve leave the Corporation with a gold banks, although under the existing profit, because it can sell gold over ed the Grand Cross of the Legion The Democratic Party's comment law there was authority, by Execu seat He indicated that the Co of Honour by the President. Other on President Roosevelt's monetary live Acts, to taks title to all sup operation's foreign cold was Ber awards were made to the General's message is generally favourable piles of American-owned mone marked for London and Paris. subordinates, after which the_air- but the Republicans have dissent-
tary, gold,May men drove in, triumph to the Hotel ed
(Continued on Page 0); de Ville-Reuter,
COLLISION WITH CABLE
Päris later
The reception scheduled for yesterday evening, in honour of the squadron of aeroplanes under General Vuillemin,
has just completed A
"West Africa >WAI/Can
© Syhis is këstep of such import;}
Senator McNary has summonedance that we prefer to ask Con DOLLAR NOW WORTH 60 CENTS
Republican caucus for to-day
discuss the party's attitude, Unit ed Press per 8,0. Gold Bar Co
crash.* He has also appointed
try into the disaster,
ested to be due: with a high female
reude
(to
SPECIAL TO CHINA
specific enactmienta, to atas. Govern.
rlean-
(By Telegraph, Copyright. ion for phie-Massages - Ordinancs,, 1895,
certi-elped January 16, 636 AM
Daughter-In-Law Slain For Insurance,
Alice
age yesterday landed a sinal] platoon of Royal Marines at Foochow merely an a precaution ary measure, according to inform- miion received this morning from the Naval authorities,
All is reported to be quiet Foochow A few units of the XIX Route Army were yesterday To-day
leaving the city terrible accusation that Dr. H.M.S. Berwick receli
koop was the cold- to stand by late on
are of ther daughter and left! Hong Kong
Anchorage in tha. Sunday morn
her
the sur
-HMS, WIld Swan,
stroyer, Flotille, Cim Alan'
It is believed that India escap ed the centre of the disturbance, which was recorded on seismo graphs in Great Britain as one of exceptional severity? — British Wireless Service, jokes
LOCAL RECORD OF
INDIAN QUAKE“.
Measured Waves Of
-100 Millimetres,
The Indian earthquake was "well. recorded at the Royal Observatory. The readings of the seismographs indicate that the centre of the shock was about 1,600 miles west-by-north of Hong Kong. This places thà spicentre in the foot-hills of the Himalaya Mountains in the northern „part of Eastern Bengal,
(Continued on Page #)
CARDINAL BOURNE SERIOUSLY ILL.
Prayers For Recovery,