Carnation
Carnation
"From Contented Cows"
THERE'S CREAM
IN
EVERY DROP.
Sole Agents: CONNELL BROS. CO., LTD.
MILK HONG KONG & S. CHINA.
The dollar, on demand, closed
to-day at 1/6 1-4.
The
FINAL EDITION
China Mail
Est. 1845.
THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST
Est. 1845,
No. 28,812
HONG KONG, FRIDAY, AUGUST 24, 1934. PRICE $3.00 Per Month.
WE PRESENT A Gorgeous Display
of Gowns
AND OUR PRICES ARE RIGHT
PAUL RENNET CIE
Chater Road Hong Kong
Nathan Road
Kowloon
1,000 TO 1 ODDS AGAINST BRITAIN'S RETURN TO GOLD STANDARD
LLOYDS CONFOUND RUMOURS
ML. Everest, world's tallest mountain, defeated another at- tempt to surmount its obstacles when Capt. Maurice Wilson, British adventurer, perished during a lone attempt to reach its peak. He reached 23,000 of the 29,000 feet.
"HAI HENG.” LAUNCHED BIG CHINESE
CEREMONIAL
AT GLASGOW RESURRECTION OF
SHIPPING."
MR. QUO TAI-CHI ATTENDS
.. SHIP CHRISTENING
London, To-day.
Chinese ceremonial was obser-
ved at the launching of the cargo
and passenger steamer, Hai Heng,
DISQUIETING BELIEFS ON THE BOURSE
BRITISH STABILISATION FUND
REPORTED INACTIVE
CURRENCY WAR SEEN
SPECIAL TO CHINA MAIL
(By Telegraph, Copyright, Telegraphic Messager Ordinance, 1894, Received August 24, 11 a.m.)
NEW YORK, TO-DAY.
WILD CURRENCY RUMOURS CIRCULAT- ING THROUGHOUT THE WORLD INCLUDE ONE THAT ENGLAND IS TO WITHDRAW HER SUPPORT OF THE POUND PREPARA- TORY TO A RETURN TO THE GOLD BUL- LION BASIS. LLOYDS, HOWEVER, ARE IN- SURING AGAINST THE CONFISCATION OF GOLD OR A RETURN TO THE GOLD STAND- ARD WITH A DEVALUED POUND.
The insurance rate is one-tenth of one per cent., therefore, Lloyds are betting at 1,000 to 1 against this happening.
It is authoritatively learned that a reduction in the dollar's gold content is not uncontemplated. It is believed that America's monetary policy will not be changed prior to the end of the year Economists declare that huge quantities of gold, could be exported for defending the dollar without influencing domestic conditions.
PARIS HAS REPORTED THAT THE BRITISH STABILISATION FUND! IS INACTIVE. THE POUND YESTERDAY CLOSED AT A NEW LOW MARK OF 76.03 FRANCA.
THE DOLLAR OPENED AT 14.93 AND CLOSED AT 14.92%.
NEW RECORD
SHIPMENT OF
French economists believe that! London is preparing for a new devaluation of the pound follow- ing the devaluation of the dollar and precipitating a money, war. The French firm of bullion
SILVER BARS Brokers in New York. Messrs.
at Glasgow, yesterday, for the President Harding Load
China Merchant Steam Naviga- tion Company. The assembly bowed thrice as the Chinese na- tional flag was unfurled by the Chinese Minister to London, Mr. Quo Tai-hi. Madam Quo Tai-chi
At Southampton.
£1,125,000 IN GOLD FROM AUSTRALIA
SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra-
christened the vessel which glidedistges Ordinance, 1894, Re- down to the sea amid the explo-ceived Augnat 84, 942 am.) sion of crackers to ward off evil
spirits.
SENSATIONS
Southampton, To-day.
Lazard Freres, has announced that it is shipping U.S.$2,500,000 worth of gold to Paris abourd United Lafayette. - 8.8. Press, per S. E. Levy and Co.
the
Rumours Ridiculed By Foreign Bankers.
SPECIAL)O CHINA MAIL.
.
London, Earlier. It is reliably learned that banking circles and foreign
The American liner, President holders
AUSTRALIA GOLD ARRIVES Plymouth, To-day.
It is also learned that a number
Following the downfall of over two inches of rain in 24 hours, hundreds of tons of rock and blocking the rubble crashed into Belcher Street, Kennedy Town, daring Tuesday night, completely roadway for nearly 24 hours. Fortunately no one was injured in the biggest landslide in the city for many years,
U.S. RELIEF FOR DROUGHT SITUATION
SUPPORTING
KWANGTUNG
INDUSTRIES
STRIKE RAILWAY RATES
MOMENT INEVITABLE AT
SERVICES OFFERED BY N.R.A.
Washington, To-day.
CURT REPLY BY SOVIET · FABRICATIONS
FOR JUSTIFYING
C.ER. ARRESTS "CAUSELESS AND LAWLESS."
JAPANESE WAR MINISTRY COMMUNIQUE CITED
Moscow, To-day. The text has been offi- cially published of a strongly worded Soviet note of protest sent to Tokyo.
The note, referring to the ar rest of the 19 Soviet employees of the Chinese Eastern Railway atates: "In order to justify these lawless and causeless arrests of Soviet employees, nonsensical al- legations are being fabricated that the men organised attacks on Japanese military missions and bandit attacks on trains."
The note also refers to the "un- precedented statement" contain- cd in an official communique of the Japanese Ministry of War, that orders regarding the organ- isation of train wrecks were is- sued by the special Far Eastern Army which is charged by Japan with leading bandit detachments on the G.E.R. through a non- existent organisation of the So- viet employees of the CER Reuter.
SOUTH-WEST
*COUNCIL MAY
BE ABOLISHED APPREHENSION FELT IN CANTON,
FATEFUL FIFTH CONGRESS
[From Our Own Correspondent).
Canton, To-day. Notwithstanding the opposition from the Canton leaders and par- ticularly from Mr. Hu Han-min.
ON CATTLE TOformer President of the Legisla BE HALVED will convene the Kuomintang
LIVESTOCK FEED CARRIAGE CUT.
CANADA AND AMERICA FORCED TO PRESERVE CATTLE FEED -
tive Yuan, the Central Authorities
Fifth National Congress at Nane king on November 12, according to a press dispatch from Shong. hai, received last night.
The Kuomintang Fifth Congress was scheduled for last November, but following the vigorous opposi tion from the high officials of Kwangtung and Kwangsi, Nanking Ottawa, To-day decided to postpone the Congress for one year. The central au- thorities will not agree to further postponement.
ected against pirate ticks, Harding, last night loaded a re-takings of gold have commenced "BUY NATIVE GOODS"
COMPAIGN. with steel grills isolating the cord shipment of 12,134 bars of with Lloyds against impounding vulnerable control points while silver, weighing 400 tons and by the Government.
GOVERNMENT TO LEAD the various classes of passengers valued at £1,500,000. are segregated and steam con- This beats the record consign-of owners of gold in the United
{From Our Own Correspondent] nections with hoses arranged in mont on the s.s. Washington, States have deposited their gold in
Canton, To-day. a number of key positions. last week, by nine bars, and London and have taken out insur
(Continued on Page 12) brings the total silver exportsance here at the rate of one-half of In accordance with instructions
It is stated that unless the In order to relieve the drought from Southampton in the past one per cent. per annum for two- from the Executive Yuan of the
Unit-year policies, firstly, against sci-National Government, the Kwang-Government acts, or the indus COUNTY CRICKET fortnight, to 1,000 tons. --
ed Press, per S. E. Levy and Co. zure by the British Government tung Provincial Government has try meets the demands of the situation in which it is estimated and, secondly, guaranteeing re-im- notified the different government workers, a cotton and textile that 200,000 cattle need feed, the bursement in foreign currency in offices here that native goods strike in the United States is in railway rates on cattle moved from the drought areas are to be re- Gold valued at £1,126,000 case of the gold being impounded must be used in those depart- evitable.
The National Recovery Ad- ments... sterling arrived here last night by the British Government.
This order is to promote home ministration has offered its ser duced by half and the rates for on the s.s. Indin, from Australia.
made goods. Whenever native vices in an effort to avert the the transport of livestock feed into -United Preas, per S. E. Levy and Company.
goods are procurable, they must be textile strike. United Press the drought area by one-third. used in preference to imported com-per S. E. Levy and Company. modities, the order states, but a Dollar Covering Move
special exemption is made in the Commenced.
case of lead pencils which are not manufactured anywhere in China.
(Continued on Page 9)
AMBASSADOR AT WARSAW.
Northants Rout Hants By Innings.
LEICESTER BEAT NOTTS
London, To-day. Northants, who were without the services of Clark, their fast left-hander, caused a
senan-
tion when they beat Hampshire SEQUEL TO ANNOUNCED GOLD
by an innings and 98 runs, after
only two days' play to secure their second victory of the sea- son in County. Cricket Champion- ship.
(Continued on Page 9) Results, as cabled by Reuter, were:
At Bournemouth, Northants beat Hampshire by an innings and 98
runs.
Northants: 369. Hants: 107 (Partridge 6 for 28) 164 (Cox 5 for 12). At Nottingham, Leicester de
feated Notts by an fanings and 106
Leicester: 809 (Armaizong 117)." Notts: 168 (Marlow 6 for 66) and
185.
SHIPMENT TO PARIS
SPECIAL TO CHINA MAIL
New York, To-day.
(Continued on Page 9).
N.R.A. RUPTURE
Johnson And Richberg Disagree.
SPECIALITO CHINA MAIL (By Telegraph, Copyright, Telegra- phio Messages Ordinance, 1891, Re- ceived August 24, 9.42 a.m.)
Washington, To-day, The National Recovery Ad* The Bank of Manhattan has
ministrator, General Hugh announced that it is shipping and the General 1,000,000 ounces of gold to Paris. to-morrow.
The Bank announcement, is supported by the Treasury's re cent statement that it was ready to sell gold at U.S.$85 an ounce whenever the dollar sank to a point making profitable the ex port of gold
The announcement of the shipping started a dollar cover ing movement abroad. United Press, per S. E. Levy and Co.
Counsel of the N.R.A Mr. Donald R. Richberg, have die agreed over the fundamentals of the reorganisation of the N.E.A., Mr. Richberg favouring competitive economy, while General Johnson is espousing controlled economy. under which business would govern itself with the Government
per 8 advising United Pre
Levy and Company,
Sir Howard Kennard's Appointment.
London, To-day."
An Order-in-Council provides "STRIKE UNJUSTIFIED": New York, To-day. The that licences must, be obtained President of the Cotton and Tex-for all export shipments of hay tile Institute, Mr. Sloan, states and straw.
(Continued on Page 12)
AMERICA'S CUP TRIALS
Yankee Beats Rainbow By A Mile.
Newport, Rhode Is., To-day. The Yankee, with Mr. Charles··· Francis Adams at the wheel.
that a strike is unjustified in 10 PER CENT. CURTAILMENT.. view of the 70 per cent hourly. The Farm Administration is to dealt Mr. Vanderbilt's Rainbow wage increase in the past year,
accompanied by increased costs.announce to-day a 10 per cent one of the most crashing defeats United Press, per S. E. Levy curtailment of the basic wheat ever given to an American con acreage for 1995 for farmers co tender yesterday, in the frrakal and Company.
operating with the productive con series of the America's Cup trol plans, as compared with a re-trials. duction of 15 per cent required for 1934-Reuter:
(Continued on Page-9)
WEATHER FORECAST
with Cloudy and showery, oderate east winds, was the
His Majesty the King has ap proved the appointment of Sir Ho- ward William Kennard, His Ma-weather forecast for to-day, a jesty'e Minister at Berne, to be issued, by the Royal Observatory
this morning.error Ambassador at His Majesty's Warsaw In succession to the Rt. Hon. Sir William Erskine, who retiring at the end of this year
British Wireless Servi
(Continued on Page 9)
BOWLS INTERPORTER ILL
Mr. H. Beer, one of the Colony's
The Yankee, crossing the line".. first, quickly secured a two. lengths lead which she main- tained to the turn. Manoeuvring cleverly the Yankee gained the commanding weather berth on the homeward journey, finishing a mile ahead of the Rainbow over
six selected Interport lawn bowlers a 30-mile course. Reuter.
Yesterday Rainbow beat Weeta-
The 17th annual meeting of the Bo- who leave for Shanghat next dieta d'Agriculture de La Chine Nou-Wednesday, is suffering from a moe by 2 mins. 84 secs. over the velle will be held to-morrow in Nan light attack of fever,
Ling for three days.
Drama. course.