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No. 23,634
HONG KONG, FRIDAY, JANUARY 26, 1934.
PRICE $3.00 Per Month.
U.S. SENATE LEADER PREDICTS DEFEAT OF SILVER AMENDMENT
LANCASHIRE
NEGOTIATIONS
WITH JAPAN
Agenda To Be Framed By Both Sides.
MR. RUNĊIMAN INSPECTS COTTON INDUSTRY
London, To-day.
The Japanese cotton dele- kation has received its long- awaited instructions to open negotiations with Lancashire, The next step will be for the Japanese to get in touch with the Lancashire representatives, after which the two sides will meet -to frame an agenda.
The President of the Board of Trade, Mr. Walter Runciman, yes- terday began a short tour of the Lancashire cotton centres.
A
Yesterday morning he had lengthy meeting with the Special Committee of the Lancashire cotton com- trade dealing with Japanese petition.
When the Committee laid before) the Minister the difficulties faced during the negotiations undertaken
at the Instance of the Government with the representatives Japanese textile industry,
of the various
suggestions were made, whereby it
Commissioner Henry Mapp, Chief of Staff and Second-in- Command of the British Salva- tion Army, now in Hong Kong in the Course of four months' Salvation Army's tour of the headquarters in the Far East.
GOLD BILL VOTE
TO-DAY
LITTLE SUPPORT FOR INFLATION
WHEELER ATTEMPTS TO SECURE SUPPORT OF WESTERN SENATORS
SPECIAL TO CHINA MAIL
By Telegraph, Copyright, Telepraphic Messages Ordinanes, 2804.
Received January 26, 8.35 a.m.)
WASHINGTON, TO-DAY.
IT IS LEARNED THAT THE SENATE INFLATIONISTS ARE PLANNING TO OFFER SENATOR WHEELER'S AMENDMENT OR SOME MODIFICATION TO TEST THE SENATE'S INFLATION SENTIMENT. IF THE RESULT IS ENCOURAGING, THEY WILL PROBABLY OFFER ANOTHER RIDER PROPOSING THAT SOME OF THE US.$3,000,000,000 PROFIT DERIVED FROM THE NA- TIONALISATION OF GOLD SHOULD BE USED AS A BASIN FOR NEW CURRENCY.
A private Senate pofl' by Scrator Borah indicated that an in- flation amendment would only get votes, some of which are doubt-
SOVIET'S PEACE ful. It is indicated that Senator Borah will not offer an Inflation
POLICY
Moscow Attitude Unchanged.
was thought that the actions and BUT SCEPTICAL VIEW TAKEN
OF HIROTA'S SPEECH
recommendations
of the Special
Committee would be rendered more: effective, and maximum benefits ol-
shortest possible time.
(Continued on Page 12). NEW ZEALAND ALSO
amendment unless he sees more hopeful signs of success.
Senator Robinson, of Arkansas, the Democratic leader, yesterday predicted that Senator Wheeler's `amendment would be defeated. He said that he hoped to pass the Gold Bill.
Senator Wheeler, in an effort to swing the western Senators be- hind his amendment, is authorising the Treasury to purchase a maxi- mum of 1,000,000 ounces of silver above the present market prices until the transactions bring silver to a 16 to I ratio with gold, plus the expanding of currency through the issuance of silver certificates. United Press per S. C. Gold Bar Co.
Moscow, To-day. Lained for the cotton trade in the By offering a non-aggression
pact and agreeing to the forma tion of a Soviet-Japanese-Man-
SPECIAL TO CHINA MAIL. chukuo Frontier Commission
(Bu Telegraph, Copyright. Telepro- and the aule of the Chinese East- [ern Railway, the Soviet has phic Messages Ordinance, 1804. Br-1
ceived January 26, 020 num.) proved its readiness to secure
Later. solid maintenance of peace in the Far East, states the newspaper.
SUFFERS.
Serious Threat From Cheap Japanese Goods.
London, To-day. Sir James Parr, the New Zealand High Commissione! In London, in an interview with Reuter, yesterday, anid that the Japanese threat to New Zealand trade was most serious.
catio, commenting on Mr. Koki Hirota's foreign policy speech in the Japanese Diet, on Monday.
The journal stresses that the Soviel's pence policy will not be changed unless the Japanese Government car-
Later, Senator Robinson said that he did not expect to ob- tain the Gold Bill vote before to-day or to-morrow,
ANOTHER TILT AT MORGENTHAU.
"Will Lose Fund And His Shirt To Britain."
Washington, To-day. President Roosevelt's Monetary the seizure of the Federal Reserve Bill was attacked by the Republi-
Senator Hastings charged
that
gold stocks will so cripple the can. Senator Hastings, at the re-
Federal Reserve that it will be of
the Senate debate
ries out aggressive plans. no future value. He predicted that sumption of Unfortunately, the Izuratio the Federal Reserve would soon be yesterday. adds. neither Mr. Hirota's speech abolished,
He declared that the Bill was. nor the appointment of General He also charged that the Gold legalised robbery and penalised, Japanese goods were pouring Senjuro Hayashi, former Inspec Bill was unconstitutional, and tend- into New Zealand at prices im-tor-General of Education, as Waring toward a huge central political self-denial and thrift. possible for competition despite Minister, in succession to General banking system in the Government He asserted that If ever Con- a report on the | Araki, indicates that the Japan- through the seizure of the gold.
gress received The Government was in close
ese Government is resolved to
operations of the stabilisation fund touch with the British Goverend its strained relations with
SENATE ADJOURNS it would probably show that the ment regarding the matter, be the Soviet, which were created
taken British had
the whole UNTIL TO-DAY. BRid. -Reuter.
by the policy of Japanese military
U.S.$2,000,000,000 and Mr. Henry Morgenthau's shirt with it. circles. Reuter.
Senator Borah amlited that the
the high tariff.
PERSIA'S TEXTILE
MANUFACTURE.
Britain Secures Orders For Plant.
London, Today.
In connection with the decision of the Persian Government to make the country as far as possible Inde pendent of foreign produce, speci fications have been sent from Te heren to British engineering firms for the supply of plant, particular ly for textile and piece-goods mann. facture.
Apart from Government schemes, orders have already been booked by Lancashire for equipping cot- tan-spinning mills at Shiraz, la pahan and Yezd.-Reuter.
BIG TANKER FOR
ARGENTINE. '
New York Order For Britain.
London, To-day.
The Farness Shipbuilding Com pany of Middlesborough, yesterday booked an order for a 5,000 ton tanker for the Standard Shipplag Company of New York
|
Bombing squadrons of the R. A. F. have recently been car rying out target practice on armoured motor boats which reach a speed of 130 m.p.h., and which are rendered unsinkable by a filling of a substance known as ozonote, which is ten times light- er than cork. The boat seen above is equipped with wireless so that orders may be passed from the planes. (S. & G.).
CHINA SEEKS REVISION OF TREATY WITH AMERICA
United States Prepared To Discuss Trade Relations
Washington, To-day. The American Secretary of State, Mr. Willlun Cordell Hull, has announced that the Chinese Governinent has made represinta- tions to the United States, Minis-
M.C.C. EXTENDED BY INDIAN TEAM
Dismissed For 112 In
First Innings..
AMAR SINGH AND NAIDU.
PERFORM WELL.
Secunderabad, To-day. After being led on the first in te to China, Mr. Nelson Johnnings the M.CC were infortunate
for the revision of the American Commercial Treaty.
Mr. Hull added that the United Stater WAR ready to discom whatever definite suggestions China could make.-Reuter.
YELLOW RIVER FLOOD
Hundreds Die Of Cold And Hunger.
38 VILLAGES INUNDATED
Peking To-day. The Yellow River has in- undated 38 villages in the Changyuan District, South Hopel. Some villages are 10 feet under water.
Many people have been drown-
INDIA QUAKE DISASTER
DEATH ROLL
NOW PLACED
NEAR 7,500·
FLOOD DAMAGE AND BROKEN ROADS.
DANGER OF STARVATION AND PESTILENCE
London, To-day.
With the news now available, it is possible to form a closer appre- ciation than has hitherto been pos- sible of the magnitude of the Indian earthquake of January 15. **.
It now appears that the loss of life, although grave, has been much smaller than was at one time feared, the death-roll being apparently not greatly in excess of 7,500.
Considering the widespread
damage to house property and crops, this figure is remarkable
small. This may be due to the fact that the earthquake occur- red when the majority of the population was out of doors.
The towns suffering, the most material - dainage" were, those of North Bihar, where at: "Teaat half the brickbulit, houses were ruined, and the town of Mongbyr, where the hospital was destroyed, and hundreds of lived lost in the col- pse of the batter, which is now a
in not being able to force a win in their three-day match against the Moinuddowlah XI. When the game was abandoned as a draw yester-ed; and some 300 lives Inst day the home team were 33 behind [with only one wicket in hand.
of rajkama ko In Muzaffarpur, the hoteas of the judges and civil servants were de stroyed, the ghol and bank damer-
In Darbhanga another (300 lives were fost, and all brick buildings destroyed, Motihari was completely isolated and largely destroyed.
As regards other towns, ta
Mushtaq Ali and Amar Singh. India's Test players, caused a surprise when they dismissed the powerful M.C.C. batting side for 112, and an innings of 58 by Bhagalpur buildings were exten- Amar Singh enabled the home sively damaged, and at Jamalpur was very great material side to secure a lead of 82 on the there first innings, in spite of Headley damage and loans of some 200 lives. Verity causing considerable dam- In Pasa the famous Agricultural age with his "slows."
Good batting by Nichols, the Espex all-rounder who earried his bat for 55, enabled the M.C.C. to set their oppon- ents 222 In the fourth innings for victory.
Amar Singh followed up
Institute was badly damaged.”). "In Chapra residences and public buil- dings were wrecked and the · hos- pital rendered useless.'
In Patna 50 lives were lost, Hun- |dreds Injured and over 4,000 bull- dings either damaged or destroyed, Outside the towns the destruc-
his
jon a much smaller scale.
ed and hundreds have perished batting feet with an inspired bow-tion of house property has been cold and hunger.
The present flood is declared to
ling spell.
The Indians went for the runs,
SPECIAL TO CHINA MAIL. (Bu Telegraph, Copyright. Telegra- MINISTER FOR THE phis Messages Ordinance, 1894, Re-strength of the Independent Wing be worse than last year's flood, but it was only the steadiness of |ceived January 26, 8.30 am.) of the Senate was insufficient to in which Changyuan suffered Major C. K. Naidu, the Indians Test
Washington, Later. compel the adoption of amendments severely. Renter. The United States Senate ad- for remonetisation of silver or
COLONIES.
Still Unable To Leave Nairobi.
London, To-day.
The Colonial Secretary, Sir Philip Cunliffe Lister, who was taken
journed last night until 11 am. to-compulsory currency inflation.
day.
In the course of a spirited argu- Senator Robinson warned that unment, the conservative Republicaps, less the Senate votes on the Gold including Senator Austin' and Bill to-day, he will continue to mor- Senator Reed, disputed whe
row's sesalon until the vote ip taken, ther it was constitutional to with septic throat at Nairobi, when owing to President Roosevelt's de-give the President authority to re- engaged on an African air tour, is aire for. Immediate enactmentgulate the gold-value of the dollar, making antisfactory progress, al- United Press, per S.C. Gold Bar Co. but though it is uncertain when he will
|resume his further engagements.
The King has sent him, a message of sympathy-British Wireless Ser-
vice.
FIRE OUTBREAK ON FERRY STEAMER.
Excitement Caused By Smouldering Screen. Considerable excilement occur.
Senator Robinson, the Democratic leader, claimed, that it SILVER DOWN AGAIN was quits legal.
IN NEW YORK.
Disappointing News On Remonetisation.
1
LITTLE CHANGE ON WALL STREET.
New York, To-day. The silver market here opened decidedly - easier, yesterday, m red on the Star ferry-boat "Golden Further liquidation by tired longs, Star” during the Journey from Kowloon to Hong Kong at 2.20 lower foreign markets and on
Senator Borah later aban doned his inflation amendment, owing to the number of speeches scheduled. The final vote is not likely to be taken before to-morrow-Reater,
LOCAL DOLLAR STILL FALLING.
Silver Prices Down.
respec
The dollar has fallen a further this, afternoon when one of the news being disappointing concer, opening to-day at 1/8%,
Silver, pricas for spot and for side-screens caught fire. ning remonetisation.
Fanned by a strong breeze the Industrial, rail and utility hold- ward declined 3/16 and fire began to spread, until a pas tur declined 17, 25 and 36 to tively yesterday spot closing at senger called a Chinese seaman, 106.85, 48.57 and 26.89 respectiva-19%, and forward at 19 5/16, The vessel is for work on the who promptly secured a bucket of 17. while bonds advanced 01 rt2 The cross rá e. London on New Argentine rivers and epcat British water from below and thoroughly 88.91 The commodity Index was York
London Wireman Service,
douched the amouldering canvas, down (85 to 51.91-Reuter.
($19654.
RRITISH TRADE RECOVERY.
Big Rise In Railway Receipts.
London, To-day.
In addition to the substantial in- crease in retall sales recorded by the Board of Trade this week, fur-
skipper, that enabled them to play Jout time.
Scores as cabled by Beuter
ware:
The more obvious signs of. the earthquake are broken and obliterated roads, widespread floods, and great cracks in the ground from whích mud, sand (Continued on Page 9)
M.C.C.: 112 (Mushtaq All 5 for 37, MOTOR ACCIDENT
Amar Singh 4 for 88).
803 (Nichols 65 not out, Amar
Singh & for 82).
IN KOWLOON
Molnuddowlah: 194 (Amar Singh Mr. P. Younghusband
58, Verity 5 for 68).
188 for 9 (C. K. Naidu 79, Townsend 4 tor 76).
YUGOSLAVIA.
British trade and Industry is pro- ther evidence of steady recovery in CABINET RESIGNS IN
vided by the continued rise in rali- way receipts.
For the first three weeks of the Veteran Premier Formg year these totalled #7,709,000-£625,- New Government. |000 more than in the corresponding period of last year,
Goods traffic receipts" alone", in- crossed, by more than': sight © per cent British Wireless Bervice;
PROFESSOR SPRAGUE GOES INTO BUSINESS
New York, To-day. Professor Sprague, former finan- cial adviser to the United States Treasury, has been appointed viser on foreign and economic
inse matters to Generál Motors
Injured.
CAR BADLY DAMAGED IN . COLLISION WITH ✅ PILLAR
* Mr. P. Younghusband, living at | 264, Prince Edward Road, Kow. koon, was involved in a somewhat terious molor accident last night “ at 10,30, while driving to Prince |Edward Road" from the United Service Recreation Club, ma car, ca Hillman Hing No, 8890., failed to unzoliate the corner on entering Waterloo Road from | Nathan "Road and ran [roed; collidine with a
side the President Aver Mr. Younghusband
Belgrade, To-day, King Alexander of the Yao-Slavia has accepted the resignation of the Cabinet, owing to the disagreement of the Premier, Dr. Milan Brakic, with his colleagues" financial policy: Pa MUzunovitch, President of several cul the National Party who has been which 3 charged to form a new Govern loon ment was frequentiv Premier in The
past, and in 1928, formed mix. Thi
mments
three Corporal Pa
Beat
for
detained.