Carnation
Carnation
"From Contented Cows"
THERE'S CREAM
IN
EVERY DROP.
Sole Agents: CONNELL BROS. CO., LTD.
MILY HONG KONG & S. CHINA.
The dollar, on demand, closed
on Saturday at 1/4 7-8.
ChinaTM Mail
Est. 1845.
No. 28,730
BULGARIAN COUP
SLASHING ATTACK ON N.R.A. CODES
"FAIR COMPETITION MERE RESOUNDING ILLUSORY" URGE FOR ANTI-TRUST LAWS
Washington, To-day.
A grave indictment of the National Recovery Administration is contained in an 80,000 word re- port of the National Recovery Review Board, headed by the veteran lawyer, Mr. Clarence S. Darrow.
The Board was established by 'resident Roosevelt to ascer tain whether the N.R.A. Codes tended to promote monopolies, or eliminate, or oppress small enterprises.
re-
After investigating 113 complaints against 18 Codes, the Board finds that the phrase "fair competition" is merely a sounding illusory.
It adds: "What the powerful producer calls fair, the weaker rival fiercely denounces as most unfair. There is no way to re- concile the difference. All competition is savage, wolfish and re lentless, and can he nothing else."
THE REPORT RECOMME NDS THE RETURN OF THE ANTI-TRUST LAWS FOR THE PURPOSE OF RESTORING COMPETITION WHICH, THE BOARD BELIEVES. IS ONE OF THE GREAT NEEDS OF THE TIME. REUTER.
"
The report maintains that
DARROW REPORT price-fixing by industry and
CRITICISED
Johnson Declares It Inaccurate.
DEMANDS IMMEDIATE ABOLITION OF ABOARD
THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST
HONG KONG, MONDAY, MAY 21, 1934.
BUY YOUR SUMMER WEIGHT
WHITE SLIPOVER
THIS WEEK.
LIGHT & COOL.
BERNARDS' OF HARWICH
Fat. 1845.
CHATER ROAD,
PRICE $3.00 Per Month.
WELCOMED WITH APPROBATION
An historic scene in Rome, as the Italian Premier, Signor Benito Mussolini, af- fixes his signature to the Three Power Pact, which brings Italy, Austria and Kung- ary into closer 'economic relationship. In centre is Chancellor Engelbert Dullfuss of Austria, and at right, General' Gomboes, Premier of Hungary, who are awaiting their turn to sign. Italy is now threatened with a new difficulty following the trend of events in Bulgaria which indicates a swing by the latter country to the French aphere of influence. ~
BATTLEFIELD
DESOLATION
IN CHICAGO
Heavy Toll In Huge Stockyard Fire.
+
FLAMES SEEN FOR 100 MILES
price-regulation by the Guvern- ment would involve practically 3 Firemen Killed: 150 Injured the same difficulties.
The problem of policing indus- try in order to prevent price com- American petition, on which the public has long relied to avoid the jevils of monopoly and inefficiency in business and high prices. would be insuperable.
Washington, To-day. The National Recovery Adminis- trator, General Hugh Johnson, in a' letter to President Roosevelt, des. lure industry,
And 2,000 Homeless
Chicago, To-day. Three firemen were killed, 150' persons were injured and 2,000 are homeless as the result of the giant fire at the stockyards here, yesterday.
Even larger figures are expect-
TUNG WAH HOSPITAL SWEEPSTAKE
Newspaper Magnate Wins Second Prize
--
The Manager of the Yip Wah Po, Chinese, newspaper Canton, is said to be the folder of ticket No. 02487, in the Tung Wah Hos- pital Sweep, which drew, King's Parade and the second prize valu- ed at $51,609.07.
The third prize of $25,779.59 is shared by a syndicate of "Ave, Желать. Mok
Yuk Sul Li Chee Kong, Lee Ching Suen, Mr. Cheng and Mr. Lai, who hold ticket No. 35383, which drew Burgomaster,
The Arat prize of $189,000, ticket No. 21221, was also won by a syndicate of five.
CASTLE PEAK
In reference to the motion piced when a true estimate of the CAR ACCIDENT AT
the report states damage cause by the conflagra- cribes the Darrow report as a super- that the munopolistic practices tion is made. ficial, intemperante and inuecurate there are bold and aggressive, and document, and urges the immediate its smaller enterprises are cruelly abolition of the Board on the ground oppressed. that it is of no service to anyone.
It is nothing but a politi- cal sounding board," he de. clares.
Monopolistic conditions in the steel industry have long existed lowing to the absolute control by This control larger companies.
the American
The Board assumed, after a few is assured through hours of cavalier inquiry into pre- Iron and Steel Institute which is
a
The flames devoured buildings) and pens of cattle, leaving smoking scene of desolation re- sembling a Flanders battlefield.
The fire is believed to have been started by a cigarette carelessly thrown in a hay. barn
Expensive Minerva's Burst Tyre.
NARROW ESCAPE FOR FOUR JAPANESE
CONFERENCE
IN NANKING
OPENS TO-DAY
Finance Discussion Under Dr. Kung.
ABOLITION OF ILLEGAL TAXES "AND SURCHARGES Reorganisation Of Land Taxes.
HONG KONG.
IN EUROPE
JUGOSLAVIA'S CLOSER
ALLIANCE
ITALIAN BALKANS POLICY RECEIVES CHECK ·
NAZIS SUPPORT NEW MOVE
THE BULGARIAN COUP WHICH HAS RESULTED IN THE FORMATION OF A NEW NON-PARTY GOVERNMENT UNDER THE LEADERSHIP OF THE SOLDIER-STATESMAN, M. GUEORGIUEFF, IS HAILED WITH APPROBATION AMONG THE DICTATORSHIPS OF EUROPE.
The new regime is particularly welcomed by Jugoslavia since it tends to indicate a closer alliance between the two countries.
Nazi Germany see in the change further proof of the need for iron rule in Europe.
WHILE ITALY WELCOMES The coup ab A FURTHER SIGN OF FASCIST PROGRESS, THE INEVITABLE ENTRY OF BULGARIA INTO THE FRENCH SPHERE OF INFLUENCE IS REGARDED WITH STRONG DISAPPROVAL.
CLEAN SWEEP WINS
IN DAVIS CUP
France And Switzerland Triumph.
MERLIN DROPS A SET
France, holders of the Davis Cup for six years in succes- sion until Britain bioke the sequence last year, and Swit- zerland, have entered the so- cond Round of the Davis Cup, taking clean sweep decisions over Austria and India, thes- pectively.
The National Finance Confer ence will open in Nanking to day. Dr. H. H. Kung, Minister of Finance, has reached the capi- tal to preside at the Conference. The first national finance con- ference was convened in 1927 in singles games in the First Round
Paris, To-day, France won her two remaining.
Ying-feng who was then Minister yesterday, thus winning Zie con- of Finance. Although the Kuo- test by 5 matches to nil to qua- mintang Government had been lify to meet Germany in the established in Nanking, North Second Round.
Yesterday's results were:- China remained in the hands of
As a re C. Bossuss (France) beat Me- northern militaries sult, only five provinces were re-taxa (Austria), 7-5, 6-3, 6-8.
A. Merlin (France), beat Matej. presented at the conference and nothing of any importance was ka (Austria), 6-3, 3-6, 6-2, 0-2. achieved.
Earlier Results
Nanking by the late Mr. Ku of the Davis Cup against Austria
Mr. T. V. Soong called the second in 1928. Most of the Two fire engines, three stockyards. What might have been a serious conference
provinces sent delegates to judiced testimony, to pass judgment supposed to represent large and two halls, two banks, together with accident was narrowly averted on meeting and two decisions of far} (Austria) 4-6, 6-6, 6-2, 6-2,
on Cudes an which the N.R.A. spent small enterprises.
weeks of inquiry and investigation..
The Board's continuance Government agency would enable it to promote private purposes at pub. lic expense.
a hotel, a brewery, a railway office the Castle Peak Road,, outside the
the
SMALL CONCERNS HELPLESS
1
over
of
I
The authorities are now confront-
and a telephone exchange, were Cafeteria, yesterday afternoon at reaching Importance were made, gutted.
5 p.m. when Mr. & K Wong's namely: In reality, however, the voting The flames were so high that an £1,800 Minerva Imousine blew out 11 In the off-side front tyre just as
was passing public vehicle No. arrangements leave the small en-jatrman, 100 miles away terprises at the mercy the diane, saw them.
204. large concerns,
The Board is clearly incapable of fulfilling its functions, the letter! concludes.Reuter.
NATIONALISATION OF BANKS
U.S. Senator Plans To Introduce New Bill.
PRIVATE PROFITEERS HIT
MPECIAL TO CHINA MAIL
phic Mosnapae Ordinance, 2804, Ra. eclund May 20, 13.36 p.m.) Y
Washington, To-day.
have
Is
The Chinese chauffeur was un-
(1) abolition of kin, and (2) unification of the nation's
finances. AGENDA REGARDING TAXATION The third conference, which lo
Sofia, To-day Political and moral decomposi-
tion in Bulgaria has reached alarming propositions, and the country is in danger of reaching an impossible solution, declared the Prime Minsiter, M. Guear giueff, in an interview with Reuter yesterday.
The new Government, he said. would follow the same policy as regards Foreign Affairs as the last Government.
M. Gueorffueff, who is 52 years fold, is a retired Colonel, and was
first elected 's Deputy in 1928.
He was Minister of Communica«. tions in an earlier Government and. is described as a "not impressive, man." He is stockily built and lost. the right of one eye in the Great War.
The Bulgarian newspapers are appearing normally, but have refrained from publish- ing criticism of the dictor- ship.
It is reported that a decree abolish- ing all political parties is about to be fasted-Reuter.
THE FRENCH SPHERE
Belgrade, To-day.
The new Bulgarian Government has been warmly welcomed. It in C. Bousers (France) beat Matejku believed that one of its main tasks (Austria) 6-1, 6-1, 6-4.
is to clear up the Macedonian. Ter- A. Merlin (France) beat Metaxa|rorist Association In preparation for
a Yugoslav-Bulgarian alliance. Jean Borotra and Jacques Brugnon Reports that the Bulgarian Minis (France) beat Metaxa, and
ter to Paris has been recalled to (Austria), 1-5 6-3 6-3, 6-4-Reuter. Sofa to become Foreign Minister leads to the belief that Bulgaria has been brought from the Italian to the French sphere of influence. -Reuter.
INDIA OUTCLASSED
www
Ariens
Lucerne, To-day. Switzerland defeated India by The foregoing findings have
aed with the problem of maintain able to control the big car which to open to-day, is expected to last] majarily of five members of the ing the homeless, hungry victims.
across the road and for one week, Outside of the four five matches to nil, to enter the swerved Board. Mr. J. F. Sinclair dis-Thousands of police reserves
struck the rear
of the public northeastern provinces (Fengtien, the Second Round of the Davis
Jehol) Cuu yesterday, sented and filed a separate report. been called and the Governor
Yesterday's results were:- vehicle, tearing away the running Kirin, Heilungklang, and holding the militia in readiness in board and damaging &
all the other provinces of China. wheel bo-
Fischer (Switzerland) -Reuter.
will be represented. İyond repair,
Sleem (India), 6-4, 6-2, 6-4. case of trouble.
The damage, at present, is es The Minerva carried on to strike
Ellmer. (Switzerland) beat timated at between U.S.$10,000,000 the kerb at speed, twisting the
Handari (India), 6-0, 6-2, 6-2, front axle and completely buckling the wheel.
A
supplementary report has been filed by Mr. Darrow and Mr. |W. N. Thompson.
It states that there is no hope and US$25,000,000,-Reuter, for the small businessman or for complete recovery ly enforced re- strictione on production for the
maintaining higher; purpose of pricca.
led in the flames.
Mr. Wong, who was accom panied by his wife, were 'un- hurt, while four Japanese in the public vehicle were also nainjured.
(Continued On Page 12.) KINGSFORD SMITH WANTS PLANE.
Will Compete In Epic Air Race.
(Continued on Page 4).
beat
INJURED JOCKEY DOING WELL.
P.
Charica Kingsford-Smith, famous Mr. Mossop In Hospital
For Fortnight.
Mr. Dodson, of enroute to the United States where
+
BLOW TO ITALY
Rome, To-day. The Bulgarian coup is welcomed here as another sign of the growth of Fascism:
On the other hand the rapproach- ment with Yugoslavia, bringing Bul- geria into the French sphere, is the cause of strong disapproval, parti- cularly in view that the Queen of Bulgaria is the daughter of the King of Italy.
The weaning of Bulgarid: from Italy. Is a check to the Italian policy in the Balkans, as Italy has hitherto been a cham- pion of treaty revision in favour of Bulgaria and counts Bulgaria as a potential ally-Reuter.
NAZIS SATISFIELD at
400 FIREMEN INJURED
Chicago, Later. Six blocks of stores and 75 work- mens' cottages were destroyed in the PEOPLE'S HOPE
The huge car, which had swung The hope of the American fire and 1,500 persons were treated! By Tdegraph, Copyright, Telegra people, including the small busi- for injuries, including 400 firemen broadside across the road, could Australian flier, and his wife are
nessman, Hes in the planned use of who are suffering from bad burna. not be moved.
Mr. II, S. V. Mossop, the novice America's resources following so- The equipment of six fire com-the Hong Kong Automobile Asso-he expects to obtain a plane for
panies, valued at U.S.$76,000 periah- ciation, however, controlled the the forthcoming London-Mel-jockey who fractured his lower cialisation.
the result of a fall traffic, thus avoiding any further bourne air race in October, left leg as
Berlin, To-day. Kingsford-Smith was the com- from Mr. A. H. Carroll's Rose Leaf Sporadic outbreaks continue, and accident.
mander of the plane Southern in the last race on Saturday, was
Jubilation is expressed in unofficial 168 fire engines are still coping with
Cross in the 1928 fight from the reported this morning to be pro-Nazi circles at the trend of events ¡the flambe.—Deuter.
United States to Australia by way
[in Bulgaria [gressing favourably.
The coup d'etat is regarded as an- of Hawail and the Fiji Islands.
The authorities at the War Memorial Nursing Home, to which other sign of the need of an. "Iron The Bermuda legislature have
Mr. Mossop was taken after the Fist in modern European govern agreed to impors guptas on Japa
accident, state this it is not pos nese cotton and rayon, in fine with Cloudy, with light to moderate alble to say how long he will be Britain's "mor to restrict Japan's south-east or variable winds, with in bed, but it is anticipated that it competition with Brillah goods, probably some local thunder showers, will be more than a fortnight...
Imports from the United States was the weather forecast issued by [Rapim elections for today will be
found on Page 4.]: the Royal Observatory this morning, will not be affected.
To give sanction to the Government to sustain profita was not planned economy, but a regimented organisation for exploitation.
J.
NO FURTHER DEATHS FROM GAS-EXPLOSION
In a speech at a luncheon in the People's Lobby, on Saturday, Sena- tor Cutting said that he proposed shortly to introduce a Bill providing for the nationalisation of the nation's banking and credit system.
The transfer of the powers of the "Commercial banking and the N.B.A to the Federal Trade Com- Issuing of credit' in America should mission, would help to inform the be an exclusive Government func public of the inherent difficulties of No further deaths have occurred tion. Private financiers are not the small man at the presept-stage at the Government Hospital, during entitled to any proft on credit," he of the industrial development of the the 24 hours ending at noon to-day said -United Press, per 8.C, Gold capital structure of the United as the result of the gas explosion at Bar Co..
West: Point last Monday:
States-Reuter.
BERMUDA IMPOSES QUOTAS.
WEATHER FORECAST.
ment-Beuter.
"Two Sisters" featuring Butterfly Woo, is being shown at the Alhambra Theatre, "and" not "Only yesterday”: is: announced in the Cinema Notes. Page 3.
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