Carnations
Carnation
"From Contented Cows"
THERE'S CREAM
IN
EVERY DROP.
The dollar. on demand, closed)
to-day at 1/47-8.
The
China Mail
BUY YOUR SUMMER WEIGHT WHITE SLIPOVER
THIS WEEK.
LIGHT & COOL.
Ext. 1845.
MILK
Sole Agents: CONNELL BROS. CO., LTD. HONG KONG & S CHINA.
BERNARDS' OF HARWICH
CHATER ROAD,
HONG KONG
No. 28,711
HONG KONG SATURDAY, APRIL 28, 1934.
PRICE $3.00 Per Month.
THE OLDEST-ESTABLISHED NEWSPAPER IN THE FAR EAST
Est. 1845.
GERMANY EXPECTED TO CONTINUE REPARATIONS PAYMENTS
of
A recept photograph Madem Chiang Kin-shek, wife of Marshal Chiang Kal-sek the National leader of China.
FOREIGN TRADE IN AMERICA Imports And Exports Increase Sharply.
TIBETANS
WANT PANCHAN
LAMA'S RETURN Delegation Conference In Nanking.
MR. TAI CHI TAO TO SEEK SOLUTION
TEST CRICKETERS GATHER
AT AUSTRALIA HOUSE
Messages From King And Prince Received. At Reception
London, To-day.
His Majesty the King, and 138 Royal Highness the Prince of Waler both sent messages vasso- cinting themselves with the wel. come which was extended to the Australia, Test cricketers at the reception given by the Acting at 'Australia
House yesterday.
Shanghai, To-day." Interviewed this morning, Mr.High Commissioner Chu Min-yi. Secretary-General of the Executive Yuan. declared that the Tibetan delegation to Nanking were conferring with Mr. Wang Ching-wei, regarding the Panchan Lama's return to Tibet..
MIT. Ramsay
McDonald, the. Prime Minister, and Mr. J. H. Thomas, the Dominions Secretary, attended and spoke in support of
The delegation is aimed with anj autographie letter from the Dalal Lama, to be delivered after the lat- iter's death, welcoming the Panchan
Lama's return.
The delegation also conveyed to the Government the Tibetan's desire for the Panchan Lama's return.
Mr. Tai Chi-tao is leaving for Hangchow on Monday to see the Panchan Lama to discuss the ques-! ition.
Whether the Panchan Lama ie re- turning to Tibet will be decided after
his return from Haugchow-Reuter.
the toast of the visitors, which was proposed by Lord Hailsham, President of the M.C.C.-British,
Wireless Service.
The Australians will open their
tour at Worcester on Wednesday.
RUBBER 'BOOM IN
NEW YORK”
Prices Highest For
Four Years.
RESTRICTION RUMOUR SEQUEL
SPECIAL TO CHINA MAIL.
U.S. SILVER
INSPECTION
AS WEAPONİ
Wall Street's Opinion. Of Government Move.
ADVOCATES INTERESTS 'SIGNIFICANT
SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra phic Merangce Ordinance, 1891. Re- ceived April 28, 8.37 am)
Washington, To-day.
With a few exceptions the American silver inspection show- ad that 'the' silver holdings are normal business transactions, thus dispelling the belief that huge gambling would be revealed.
Silver agitation is confusing the market and many large dealers are purchasing short future con- tracts to protect regular holdings? against fluctuations:
Wall Street now regards the silver list as significant inasmuch as it contained the names of some advocates legislation.
A "Robins" Torpedo carrying aeroplane dropping a torpedo while attacking a ship. An official photograph taken aboard the H. M. S. Furious off the Scottish Coast during the Home Fleet's Autumn Cruise—13. & G.).
STABILISATION OF
CURRENCIES
Time Not Ripe For General Action.
It is believed that henceforth it!
1.C.I. DIRECTOR'S VIEWS will be most difficult to push legis- (By_Telegraph, Copyright, Telegation because the Government may
London, To-day. FLYING BOATS IN.phie Messages Ordinance, 1881. Rossibly develop the feeling that the
ceived April 28, 9.20 a.m.}
silver advocates are intending to fur-
Discussing the stabilisation of AIR AGAIN.
ther their own position thereby. currencies before the conference Wall Street in Anced that the of the Chartered Institute of Se Administration 11 ur intentionally!cretaries, the well-known econom- released the names use as a wes-ist, Dr. W. H. Coates, Directer of
Chemical Industries, |~~~ pon against silver-pporters and Imperial inflationists-United Press, per SC said that the time did not ap- Gold Bar Co.
Leave
NEW YORK EXPERTS PREDICTM Homes – 1.
FURTHER STIMULATION;
SPECIAL TO CHINA MAIL..
On
At 10.30 o'clock this morning the three visiting R.A.F. Flying
(By Telepruph, Copyright, Telegra-boats from Singapore took off for phie Messages Ordinance, 1894, Re-Macao, where they will remain cesné April 28, 8.37 m.)
in-
until Monday morning. when they will leave for, Haiphong.
After Haiphong they will call at Saigon and Khota Bahru. and are' scheduled to land in Singapore on May 13.
Washington, To-day. América's foreign trade creased sharply in March.
The indices of import values were the highest since 1931.
The three Supermarine Southamp-i at valued Exports were
tan machines are under the com- U.S.$190,000,000, as compared with U.S.$163.000,000 in Feb-mand of Group-Captain S. W. Smith,
ruary.
O.B.E., Officer Commanding the R.A.F., in the Far East and are at- General impurts were U.S.$158,-tached to the 206th Flying Boat 000,000 as against U.S.$133,000,000. Squadron stationed at Singapore.
The gains are attributed to the longer month and the usual seasonal S.C. increase--United Press, per Gold Bur Co.
Messrs. Dun and Bradstreet, the New York market experts, in their weekly report, stule that the trade recovery is can- tinuing is pace indicating the further stimulation in inonths ahead,
It s pointed out that where bual- nese is retarded, the condition
traceable to unseasonable
18 weather
They took off from Singapore an April 2, and travelled to Hong Kòng, vin North and South Borneo. and the Philippine Islands, arriving here on Thursday, April 19.
TAIKOO TUG WITH ΤΟΝ ΚΙΝ.
Making Examination Of Position, The Taikoo Dockyard tugboat, and legislative delays.--United Press Taikou, reached the stranded French per S.C. Gold Bar Co.
steamer, Tonkin, yesterday after- noon and is now making an examina- tion of the vessel's position.
TRADE PROPERTY PROTECTION.
International Union To Meet In London.
US. DELEGATION ARRIVE.
London, To-day,
The International Union, for the Protection of Industrial Pro-
The Tonkin went aground on Nan- chau Island, off Fort Bayard, on Thursday.
New York, To-day. Rubber reached its highest price for four years in New York, yesterday, a rush of buying beng due to the Lon don report that producers in Great Britain, the Dutch East Indies, and elsewhere were agreeing to restrict output.--
United Press, per S. C. Gold BIG SILVER
Bar Co.
LOCAL DOLLAR RECOVERS.
Silver Prices Steady.
The local dollar has recover- ed opening on demand to- day at 1/4
Silver prices remain steady closing yesterday at spot. 184 and forward, *18 13/16.
PURCHASES IN
THE ORIENT
Observers' Estimates Say 5,000,000 Ounces.
PRICES FIRMER IN NEW YORK
"CHINA MAIL" EDITOR
LEAVES COLONY
Well-Known Ragby Interporter
Mr. R. O. F. King, former Editor of The China Mail and The Hong Kong Sunday Herald,
left
for Australia this morning by the Kamo Maru,
FIRM STAND IN EUROPE
BRITAIN AND
FRANCE TAKE
GRAVE VIEW
INABILITY PLEA DISREGARDED.
TRANSFER MORATORIUM
OPPOSITION
Berlin, To-day.
The French Ambassador te Berlin, fallowing the lead of Sir Eric Phipps, the British Am- bassador, has informed the German Government that France will take a grave view of the proposal to apply the transfer moratorium to the Dawes and Young loans,
In other words, Great Bri- tain and France expect the re- parations payments to be com tinued despite the assevera- tions of the President of the Reichsbank, Dr. H. Schacht, that Germany cannof any long- ́er "find the annual £23,000,-
000 necessary.
Simultaneously
Germany's zave, foreign creditors are assem bled at the Reichsbank to die cuss the transfer problem. Al- though the deliberations tech- nically do not include the Dawes and Young bonds, it is not doubted that their decisions will automatically affect them. The conference is divided into two sub-committees and will continue deliberations to- day.
Mr. King war well-known in local Rugby circles, having re- presented. the Colony against Shanghai in the most recent Interport game in Hong Kong..
pear to be ripe for general: CHICAGO CUBS, BEAT
bilisation on the basis of a re Lurn to the international" gold standard.
There had not been time for de- preciation of currencies in non-gold countries, or for devaluation of the !dollar, combined with the liberal
CARDINALS
Seven Baseball Games Postponed.
INCLEMENT WEATHER
credit policy that was being follow- ed in many countries to work out! fully their effect prices and costs,
New York, To-day. Reparations and war debts
Chicago Cubs nosed out St. still cast their shadowa, he
Louis Cardinals by a 3 to 2 tally Baid. Surplus production and stocks in the only major league baseball were still evident in regard to the game played yesterday in America.
Seven games were postponed. humber of world staples. Co-opera-
New York, To-day. Silver prices firmed up after antive restrictive agreements with, or yesterday on account of inclement They were (National without, Government support had weather. irregular opening on the New York
not reached full development and n League) Cincinnati, v Pittsburgh; markel, yesterday. Buying was forest of international trade bar-New York v Boston; Brooklyn v Philadelphia; (American League) credited to European and Farriers still grew strongly.
(Continued on Page 14) Boston v New York; Chicago v St. US. Easter accounts, which disclosed
Louis; Philadelphia v Washing- a limited supply of offerings.
; and Cleveland v Detroit.
The London on New York cross rate closed yesterday at $6.13%, as compared with -U.S. $6.13% on Thursday, while the New York on London rate closed at -U.S.$5.14, as against £13. 5.85.18% on Thursday.
SWISS FRANC AND GOLD STANDARD,
Prudent Monetary Policy To Be Practised.
SPECIAL TO CHINA MAIL. The s.8. Tonkin is operated by the
(By Telegraph, Copyright, Telegra Compagnie Indo-Chinelse de Navi-phic Messages Ordinance. 1894, Re. gation, and left Hong Kong on Mon-ceived April 28, 0.20 0,m.) day for Haiphong.
SIX FIRMS STRUCK OFF. REGISTER,
perty will hold a conference, in Shipping Company May
London on May 1 when questions including the protection of pa
Be Dissolved.
tent right designs and trade Six firms have been struck off the marka, the prevention of false Register according to the current of origin, and the Government Gazetle: indications.. prevention of unfair competition Rainbow Neonlight Co., Ltd. in connection therewith will be oriental Commercial Co., Ltd., The discusséd
Ks Ping Restaurant Ltd.; The
The President of the Board of China Rattan Products Co., Ltd., Lee Trade, Mr. Walter Runciman, Yuen Hong, Led, and the Wah Nam has appointed the Government's Banking Co., Ltd. chief economic adviser, Sir It is also notified that, unless Frederick Leith Ross, as chief cause to the contrary is shown with-
British delegate."
Geneva, To-day.
M. Pilet Golaz, President of Switzerland, in a speech at - the opening of the Interna» tional Aviation Solon said: ""The Swiss franc and the gold
standard are linked with an
honour interest. We are firm- ly resolved to practice prudent and wise monetary policy,"
The President added, that Switzerland would not leave the gold standard United Press, per S.C. Gold Bar Co..
WEATHER FORECAST
Some observers ventured the opinion that Asiatic in- terests had acquired at least 6,000,000 ounces of silver during the past few days.
On the stock market, indus
STOCK EXCHANGE REGULATION.
Lengthy Consideration For U.S. Bill,'
SPECIAL TO CHINA MAIL-
They appear determined to take a firm stand ́against a complete transfer moratorium on the Dawes and Young Jeans. ----Reuter.
TREASURY BILLS ISSUE.
The result as cabled by Reuter £39,045,000 Allotted. was as follow:
National League.
St. Louis | Chicago
R. H. E.
29
3 11
London, To-day. The amount applied for yesterday in the tendera for £40,000,000 worth oof Treasury Billa was £69,445,000. The amount allotted in bills at three months was £39,045,000,
>
trials and bonde advanced .09 and 11 to 109.65 and 94.93, res- pectively, while rails and utilities! declined .04 and .09 to 49.28 and (By Telegraph, Copyright, Telegra 25.60, respectively. modity index was up .51 to 50.82, crived April 18, 837 am.),
Business was dull, 840,000 shares being traded.
The Com-phic Message Ordinance, LABOUR MEMBER The average rate per cent. was
E
In their market report, Messra. A. Pierce and Company, through their local correspon- dents, Mesars. Asia Lands, Ltd., state:-
"Stocks were held within a nar row range. The tone was firmer than yesterday. Outalde interest was at a minimum and evidently either there was no incentive on jside.
(Tables on Page 14).
Silver Prices Show Advance.
New York, To-day
Washington, To-day. The House of Represen- Committee tatives, Rules yesterday decided that the House would consider the. Stock Exchange Bill on Mon- day, under the open rule per- mitting amendments...
It is therefore expected that the consideration will last for at least the whole week. United Press, per 'S. C. Gold Bar Co.
Favourable Report Filed By Rayburn. go che ha sapte des gubler orang
«PECIAL TO CHINA MAIL-
PASSES
Bye Election Pending
At Merthyr Tydvil.
MR. RICHARD C.. WALLHEAD
London, To-day.
The death occurred yesterday! of Mr. Richard Collingham Wall-
$3
17/8.498.,
with ..compared 17/10.70d. per cent. last week. British Wireless Service,
EUROPEAN LEAVES $502,800.
Late Mr. Van Eps.
Probate for the local estate,
head, Labour member for Mer amounting to $502,800, of the late.. thyr Tydvil since 1922, at the William Edgar Van Eps, Under-
taker, of 45 Morrison Hill Road, · age of 65.
Mr. Wallhead's demise, will who died on February 22, has been necessitate a, bye-election in the ranted to Mesor John Fleming South Wales division, where his and M., H. Turner. majority at the last general|
PRINCE VISITS KING AND QUEEN OF SIAM
་
(By Telegraph Copyright, Telegra-election was 13,789 in a straight phic Messages Ordinance, 1894. Refight with a New Party candid ate, British Wireless Service. Silver prices advanced on the Newceived April 28, 6:20 am.)-1
(Continued on Page 145) 12/ York Commodity Exchange yestar Baru, New York, To-day.
~London, To-day... | day, the May price closing at 43.55 Representative Rayburn has
It is notified in the Government to 48,57 cents per ounce, as against formally fled the favourable re- 48.00 to 43.15 cents per ounce on port on the Stock Market Bill vot Gazette that nominations are invited H. R. II. the Prince of Wales ed by the House of Representa- for a Justice of Peace to serve on the yesterday made a formal call pa Legislative Council as a represents Their Majesties the "King" and in three months, the name of the Cloudy with some rain, and mo- Thursday. E
The December price improved Lives Inter State Committee, uva of the Justices of Peace during Queen of Siam at their Landam,
Press per the absence of the Hon. Bir. Henry The United States delegation Hol Fook Shipping Company will be derate south to north-east winds, is
| Hotal –British: Wireless Barvice, 8.C Gold. Bar. Co
Pollock, KC LLD. has already arrived in London, struck off the Register and the com- the weather forecast lasted by the from 44 cents per ounce to 14.50 and Wednesday-United
Ipany "dissolved."
Royal Observatory this morales, 144.60 cents. British Wireless Service.