BEDFORD
MADE IN
ENGLAHO
READ THE
BEDFORD
TRANSPORT MAGAZINE
Specimen copy post free on application.
THE HONG KONG HOTEL GARAGE Stubbs Road
Happy Valley.
The dollar, on demand,
to-day at 1/6.
FINAL EDITION
China" Mail
Est. 1845.
THE OLDEST - ÉSTABLISHED NEWSPAPER IN THE FAR EAST
Court
BERNARDS
SALE
HIGH CLASS
TO-DAY.
OF
TIES
Est. 1843.
CHATER ROAD,
HONG KONG
No. 28,655 HONG KONG, WEDNESDAY, FEBRUARY 21, 1934. PRICE $3.00 Per Month.
"U.S. SILVER MONETISATION WOULD
ELOQUENT
TRIBUTES TO
KING ALBERT
Prime Minister Recalls War Ordeal.
FULFILLS PLEDGE GIVEN IN FIRST SPEECH
London, To-day. An eloquent and moving tribute to the late King Albert was deliver- ed in both Houses of Parliament yesterday.
In the House of Commons the floor and galleries were crowded when at the end of a question Mr. Ramsay MacDonald, the Prime Minister. rose to
move that King
FATE OF SHANGHAI ELECTRIC NEW YORK
CONSTRUCTION COMPANY
Opposition Offered To Direction
Transfer From London
London, To-day.
A committee of shareholders of the Shanghai Electric Construc- tion Company, claiming to repre sent over 51,000 shares, has eir cularised the shareholders of the Company requesting prozier to oppose the resolution to transfer the direction of the Company from London to Shanghai. Reu-
ter.
FRENCH PRICE LEVEL
Finance Minister And Adjustment Policy.
EXPERT
GIVES VIEWS
WOULD IMPROVE CHINESE PROSPERITY
MR. WALTER TREND SAYS WORLD SHOULD HAVE NATURAL RATIO
SPECIAL TO CHINA MAIL.
By Telegraph. Copyright, Telegraphic Messages Ordinance, 1894.
Record February“ 21, 8.59 a.m.)
WASHINGTON, TO-DAY.
MR. WALTER TREND, THE NEW YORK ANALYTICAL EN- GINEER AND INVENTOR, YESTERDAY TOLD THE HOUSE OF REPRESENTATIVES' BANKING COMMITTEE THAT SILVER SHOULD BE REMONETISED AT 12 TO WITH GOLD, WHICH
George be asked to convey the ex- SIMPLE DEVALUATION OFFERS | WAS THE NATURAL RATIO. pression of deep sympathy and re-
gret with which the House had learned the news of King Albert's
NO SOLUTION
external
"WE SHOULD HAVE CURRENCY 10 TIMES AS GREAT AS ITS
GOLD AND SILVER BACKING," HE SAID.
Paris. To-day. death, and to pray him to express
Mr. Rene Leon, the New York silver expert, told the Committee The French Government's the profound sympathy felt with policy for the adjustment of the China because it would break the British and Japanese financiers' con- that remonetisation would depress Chinese prices, but would benefit Elizabeth, Queen of the Belgians, level of internal and the Royal family, the Government, prices without currency manipu- trol there. He urged a silver purchasing policy on the same lines as
lation. was enunciated in the that for gold. Chamber of Deputies, yesterday.
the Finance Minister. M.!
and the people of Belgium.
The Prime Minister said that by the late King held a unique place {Martin. among the rulers of Europe.
(Continued on Pinte på
LORD HAILSHAM PAYS TRIBUTE.
World Cannot Afford The Loss.
To the House of Lords Lord! Hailsham said that King Albert in physical perfection, intellectual, ability, and in greatness of charac-)
WEN
He declared that internal prices were high on account of the agricultural protection and the results of the war.
The Government, he said. would pursue the least pain. ful method of restoring the country's maximum activity, but simple devaluation
He said that the United States could assist international trade by coining pure silver dollars similar to the Mexican type, which were more acceptable in China.
IN CHINA, HE CONTINUED, PROSPECTS WERE ✅ BETTER WHEN SILVER WAS HIGH, THEREFORE UNITED STATES RE- MONETISATION WOULD RAISE THE WORLD PRICE AND. IM- PROVE CHINESE PROSPERITY, INCLUDING 'ITS' PURCHASE OF FOREIGN GOODS--UNITED PRESS PER 8. C. GOLD BAR CO.
RAISE
THE WORLD PRICE"
R-44337
At Madras after a 7,000 mile journey by car, Dr. Herbert
wife Schultz, a German, with his Australian
scen after their long trip. It is the first time a family with children has under- Dr. Schultz was for- Laken such a long journey by motor-car. merly an officer of the Germany Embassy in Tokyo.-(6. & G.).
DESPERADO
ROUND-UP
IN TIENTSIN
Alleged Plan Of Reign Of Terror.
RINGLEADER FATALLY SHOT IN| BRITISH CONCESSION
Peking, To-day. Five alleged would-be assassins of General Ma Chan-shan kave been arrested by the Police in the Bri-
handed over to the Chinese - thorities.
[N.R.A. HEAD
ATTACKS HIS
BLIZZARD
CAUSES HAVOC
IN AMERICA
Ten Women Trapped In Burning Hall
FIREMEN HELPLESS WITH FROZEN HYDRANTS
New York Traffic Becomes Disorgumised
New York, To-day. Arctic weather conditions here have accounted for numerous deaths, including 10 widows, or daughters of war veterans, who
| were trapped in a fire which broke out at the Soldiers' Memorial Home at Brookville, Pennsylvania.
Firemen were unable to cope with the flames owing to the frozen hydrants.
The driving snowstorms made. lit most difficult for hundreds of thousands of season ticket hold. ers to get to town, and caused delay in the opening of New
until 11 a.m.
OPPONENTS York Cotton and Stock Exchanges
Scathing Broadcast Address.
CRITICS LIKE "DEAD SEA APPLES”
Code System Claimed Success
Washington, To-day. Likening his critics to
would not bring the adjust SILVER DECLINES Commodity Exchange tish Concession at Tientsin and Dead Sea apples" and
ment of prices. — Reuter,
Ex-Commerce Minister's
Warning.
ter u prominent figure in FRANC DEVALUATION DANGER Europe, and the world, especially
at this moment, could I afford his
DR A
He expresed profound sympathy for the Queen and prayed that The Duke of Brabant, so suddenly call- ed to take
grent respon afbility, might be strengthened by the came courage, wisdom, and understanding with which his father was endowed.
Tributes were also paid by Lords Ponson and Reading. British Wireless Service.
REQUIEM MASS AT WESTMINSTER.
London, To-day. The London country council. standing in silence yesterday. passed a resolution of sympathy with Belgian Royal family and the nation.
Requiem Mass will take place at Westminster Cathedral on Wednes day next week.-British Wireless
Service.
DISARMAMENT TALK IN BERLIN.
Captain Anthony Eden Meets Hitler.
were
London, To-day.
SPECIAL TO CHINA NAIL.
Telegraph, Copyright Telegra phic Messager Ordinance, 1884, Re- cried Felreury 21, 8.58 a.m.)
Paris To-day.
was
The French ex-Minister of Commerce, M. Reynaud, yester. day warned the Chamber of Deputies that the franc still in danger of devaluation.
He said that it was inevitable unless industrial coats were reduced and the Budget balanced.
The Minister of Finance, M. Germain Martin, said that manipulation of currency was not envisaged in the Govern- ment's monetary policy.- United Press, per S.C. Gold Bar Co.
VETERANS' BONUS
MEASURE.
President Roosevelt Now Opposed To Payment.
BLOC FORCES HOUSE VOTË.
SPECIAL TO CHINA MAIL (By Telegraph, Copyright. Teicgpa- | phia Mrasagen Ordinance, 1894. "Re- calved February 21, 8.48, a,m.}
Washington To-day.
IN NEW YORK
Industrial And Rail Averages Rise.
TRADING FIGURES DOWN
Silver Prices.
QUOTATIONS LOWER
New York. To-day.
declined Silver prices
on the Commodity Exchange here, yester- day, the March price weakening from 46.50 cents
46.05
centa.
per ounce
to
New York, To-day. Commission house and foreign
The July price, quoted on Mon- liquidation in sympathy with day at 47.40 cents per ounce, yes- the cafiness in London and
terday closed at 46.90-47.00 cents. Shanghai. caused a decline in
--Reuter, silver here, yesterday. The trade bought moderately,
Little change occurred on thej
and stock market. Industrials rails advanced 61 and 17 to 108.14 and 51.79, while utilities) and bonds were down .07 and .09. to 28.20 and 92.86: The commo dity index declined .58 to 59,85, Business showed a sharp de- cline, only 1.220,000 shares be ing traded.
LOCAL DOLLAR UNCHANGED.
Sharp Decline In Silver Prices.
•
•
The local dollar remained ap- changed this morning, opening on demand at 1/6.
Silver prices yesterday declined In their market report, Messrs. E. A. Pierce and Company, 4, the closing prices being 2014 through their local correspon and 20.-5/16 for spot and forward, dents, Messrs. Asia Lands, Ltd, respectively. state:-
The London on New York cross- "We think that to-day's action rate, which closed on Monday at was rather reassuring in-as-much-G$5.13%, yesterday closed at be quite bearish. as trading sentiment had seemed to C$6.06%, while the New York on London rate closed at £-G$5.05 as compared with £-G5.13% 0
(Continued on Page 0)
PRINCE GEORGE'S
TOUR
Programme Arranged. |
haa
Monday.
BRITAIN'S SOUND FINANCES. Expenditure Shows Sharp Decline.
The Speaker of the House of
London, To-day, The following programme After Captain Anthony Eden's Representative, Mr. Rainey, has visit to Chancellor Hitler, yester announced that President Roose been approved for the visit of
SLIGHT DROP IN REVENUE to Australia fa day, a communique was issued well is opposed to the payment of Prince George H.M.S. Sussex, stating that, the discussions, which the war veteran bonus now,
London, To-day, August friendly Nevertheless, advocates have Leave Portsmouth on conducted in a
The latest Treasury returns show spirit, were principally concerned mustered the necessary 145 signs-81; in Port Said and Suer on Sep that the ordinary revenue for the with the solution of the Disarmatures to the petition, assuring a tember 9; in Colombo on Septem current year up to February 17, ment question, and had as their House of Representatives vote on her 20; in Freemantle on October amounted to £809,701,084. At the Polat of departure, the German the Patman Bill on March 12d; in Adelaide on October 16; and corresponding date of last year the suggestions put forward durips The Bill provides for the pay-arrive in Melbourne on October amount God si £612,228,915,
Ordinary expenditure to date for the diplomalle negotiations of last ment of the soldiers' bonus in 16. month, and the recently published U..$2,400,000,000 worth of #green- A later announcement will be the current year totailed £608,392 memorandum of the British Goy backs which is regarded as: in- made regarding the Prince's tour 798 as compared, with 2682,747,288 ernment-Bridley Wireless Bar Rationary United Preas, per 8.C in Australia, and his visit to New at the corresponding date of last
ade-British Wireless Barrica year British Wireless Bervice, ** IGojd: Bar Co.
vica.
Chinese circles declare that the gang intended to Ma General assassinate Chan-shan and other military
and civil leaders in Tientsin in order to create a reign of terror in which to seize con- trol of the city.
their theories to those of
Traffic
was disorganised by snow, which was a foot deep in the suburbs and six inches deep in the city. Transportation
services
in
New Jersey, Massachusets and Pennsylvania, are in disorder.→→→ Reuter.
PRINCE SIGVARD TO MARRY
Against Wishes Of His Father.
The ringleader, Ma Teh-pino." correspondence school ROYAL RIGHTS JEOPARDISED was wounded by the Police when cowboys," the Na-
Stockholm, To-day. attempting to resist arrest and
Itional Recovery Ad- Prince Sigvard, wecond son of died in hospital.
ministration head, Gen-Prince Gustaf Adolf, the Swedish eral Hugh S. Johnson, Crown Prince, is to marry, in Lon- don, Miss Erika Patzek, the lustily attacked his op-daughter of a Berlin merchant, ponents during a broad-against the wishes of His Majesty cast speech last night. King Gustaf, of Sweden and the
The address heralded the most Swedish Crown Prince. The same gang is alleged to important message since the ad- Without the King's consent, to This marriage Prince Sigvard will have been responsible for the re-vent of the "Blue Eagle."
General Johnson invited every-forfeit his Royal rights-Reuter. cent murder of Mr. Chu Hsiao-fu,
body with grievances or sugges», Tientsin correspondent of the
Prince Sigvard is the second the N.R.A. Swedish prince to renounce his ro- Shanghal newspaper "Sin Wan tions concerning Pao" because he obtained news of policy either to attend the public yal rights by marrying a commoner.
- Reuter. their activities.
DUTY ON TEA RAISED.
French Protection For Her Colonies.
Paris, To-day.
The French Senate has passed Bill raising the Customs duty on tea from 3.54 francs to 7.75 francs per kilogram, with the object of protecting the French Colonies, especially Indo-China. -Reuter.
CONSTRUCTION OF NEW CUNARDER. Money Resolution To Be Put Down To-morrow,
· London, To-day, The Prime Minister, Mr. Ramsay MacDonald, ́yesterday. stated that as the Government considered the matter urgent, Bill to facilitate the con struction of the wom Canar der would be introduced, at the earliest possible moment, and the necessary money re- solution would he put down
British Wire
Bervice
hearing, beginning on February 26 and ending on March 3, to a pear privately, or to write.
Personal assaults or aca-
·demic conjectures not sup- ported by facts, however, would not be considered.
Prince Lennart, his cousin and second son of King Gustaf, fore- feited his rights of succession, and titles to marry Miss Karin Niss- vandt; daughter of Stockholm business man.
While admitting the flaws in POLITICAL DRESS
the 'Codes, General Johnson claimed that 3,000,000 had been re-employed and that U.S.$9,000,-|
MAY GO
000 had been added to their pur-Police Report On Street chasing power.
Three hundred industries had been given Codes, and 200′ more: were being prepared. — Reuter.
NEURALIA ARRIVES
TO-MORROW. Leaving For Home
Friday.
Disturbances.
QUESTION SERIOUSLY
CONSIDERED
London, To-day, Asked in the House of Commons,“
Onterday, whether he proposed to prohibit the wearing of uniforme by political parties, the Home Secretary, Sir John Gilmour, sald H.M. Troopship Neuralla is or that representations on the subject pected to arrive in Hong Kong to had reached him from many quar morrow morning at 10 o'clock ters from Shanghai, She was original-
He was most concerned with the ly expected to arrive to-day provocative effects of such unf After embarking' detalls from forme in the streets and in public the various units in the Colony places, and disturbances, which she will leave for the United King- the police attributed to wearing of dom via Singapore on Friday, political uniforms had.......” Increased from 11 in the first half of 1988 to [22 in the last six months.
WEATHER REPORT
The whole question was engag
East, winds, moderate, fair, was ing his serious considerations the forecast, fanned by the Royal concluded British Wireless Be Observatory this morning..