"RICKSHAW" BRAND
CELEBRATED
CEYLON TEA
·SOLD BY ALL COMPRADORES
Awarnes US GALA BEAREN.
FOR PURITY, STRENGEN
AND FLOUR.____
The dollar on demand, -to-day at 172 25/$21.
FINAL EDITION
China Mail
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Est. 1845.
THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST
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No. 29,456
HONG KONG, SATURDAY, SEPTEMBER 26, 1936 PRICE $3.00 per Mouth
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JAPANESE DECIDE TO CONFER DIRECTLY WITH GEN. CHIANG
DEVALUATION
THE FRANC
OF
DRASTIC STEP ALMOST CERTAIN
PROBABLE LINKING TO STERLING AT 100 TO THE POUND ·
London, To-day.
Pandemonium reigned in brokers' offices yesterday after- noon, when, in frantic dealings. dollars were extensively bid for. causing the rate to firm up to 5.03. Furthermore a remark- able reversal of trend in Spot franes was evidenced. They re- covered in seesaw dealings to 76.46.
Two factors in themselves. contradictory were responsible for the foregoing:—
(1) The expectations of the early devaluation of the frane) caused an appreciation of the dollar in terms of sterling, as sell- ing dollars in support of the frane will be rendered unnecessary. Since the frane is still linked with the dollar through the medium of gold the franc benefitted sympathetically;
(2) Some circles expressed the opinion that the French Cabinet, which was then sitting, would decide on further drastic measures in defence of the currency.
Later: Details of an international monetary agreement reached between France, Britain and the United States were to haye been published last evening. The text of the agreement was being published here at 11 p.m. British Standard Time. Mean- while it looks as if the pound, dollar and frane will be stabilised within certain limits.
►
Later: It is practically certain that the frane will be fixed at 100 to the £.
Later: Parliamentary appro-
This single-seater, low-wing, all-metal monoplane was recently test-flown successfully by the Material Division of the United States Army Air Corps. The ship, a fighter in the 300-mile-an- hour class, is powered with a 14-cylinder 150-bacne-power engine, has completely retractable land- ing gear, wing flaps and adjustable cowl fins for controlling engine temperature, and seats the pilot far forward, affording him almost unlindlad vision.
MOLA'S ULTIMATUM
EXPIRES
BOMBARDMENT OF BILBAO BY INSURGENTS EXPECTED
Burgos, To-day. In the north-west sector General Mola's ANGLO-FRENCH val of the new frape level is ex-ultimatum to Bilbao to surrender unconditionally expired yester- pected to be given before noon day, and so far no notice has been taken by the Government forces AGREEMENT jon Tuesday. It is anderstood of the ultimatum. It is expected that an insurgent bombardment that the Government will in-of the town will begin immediately. troduce measures to compensate French nationals heavy loss.
Common Interest In Prosperity-
DESIRE FOR RESTORATION
OF ORDER
London. To-day.
Gibraltar: A British naval trawler anchored off Europa Point suffering Lighthouse fired a warning shot when the Spanish Government
destroyer Almiranta Ferrandiz attempted to escape insurgent Monday's sitting of Parlia-gunfire from a battery at Carnero Foint by sheltering within the ment will be devoted exclusively three-mile limit off Gibraltar. The warning was immediately obey- to finance. Parliament will ad-ed and the destroyer steamed off in the direction of Malaga journ until October 27 as soon Reuter's Bulletin Service.
as the Government's programme jis approved. The debate is ex- The Anglo-French monetary pected to be heated, but even agreement, issued by the Trea- the Communists are veering that the British round gradually in favour of sury, states
devaluation. Government, after consultation! between the British and French Governments, join with them în affirming a common desire to foster those conditions which safeguard the peace
and will best contribute to the restora- tion of order in international! economic relations, and to pur-
sue a policy tending to promote the prosperity of the world.
TWOFOLD POLICY
The British Government
HOLLAND STANDS FIRM The Hague: In connec- tion with the new develop- ments of the exchange mar- ket, the Government ab- nounces that it is main- taining its monetary policy unchanged.
Parliament
SOME HITCH?
ap-
Paris, later: There has parently been a hitch in the financial announcement, the Fin- Minister telephoning Washington at 1 am-Beuter.
ance
Nationalists Still- Advancing
ANOTHER FIERCE CLASH IN PALESTINE
British Troops Engage Armed Arabs In Night Action
10
Jerusalem, To-day.
Another ferce engagement, be tween British troops and erined Arabs occurred
Thursday night on the Jerusalem-Hebra. road near the camp of the North- amberland Fasibes, which bad only been established a few hours
As the conflict took previously. place in the dark the Arab casualties are not yet known.
Two more troopships carrying further reinforcements arrived, at Haida yesterday. Reuter's Bul- letin Service
Burgos: The Southern Army of STATEMENT AT
the Nationalists continued its ad- vance yesterday and captured the town of Azuaga, 20 important junction, about half-way between Bajadez and Cordoba The Red
GENEVA
Non-Interference :
Denounced
“CHINA MAIL" SPECIAL
***The
Geneva, To-day.
non-interference pro
DISSATISFIED WITH
PRESENT TALKS TENSION AT SHANGHAI EASIER
MARINES WITHDRAWN TO BARRACKS
(From A Special Correspondent)
Canton, To-day.
A Japanese Embassy spokesman denies that Mr. S. Kawagot, the Japanese Ambassador to China, threatens to leave. Nanking It is learned that he has been instructed to continue the prelimain- ary discussions with Mr. Chang Chum, the Chinese Foreign Minis- ter, but the date of their fourth meeting has not yet been fixed.
Mr. Hou Shik-ying, the Chinese Ambassador to Japan. was summoned to meet Mr. Arita, the Japanese Foreign Minister, yesterday afternoon at 4 o'clock. The meeting, which took place in the Japanese Foreign Office, lasted about an hour. Mr. Hsu was asked to inform the Generalissimo that the Japanese Government intends to undertake direct negotiations with him about the Cheng-tn, Pakhoi, Hankow and Shanghai incidents, as well as on all the Sino-Japanese readjustment problèms. Mr. Ha# promised to cable the Generalissimo to this effect. It is stated that the Japanese Government is dissatisfied with the results of the last three preliminary Chang-Kawagoe meetings, ...
The tension following the Taminato case at Shanghai be-¦ came easier yesterday. large portion of the Japanese marines at Hongkew in the International Settlement, and atļ Chapei in Chinese territory, have been withdrawn to their barracks, except those in the Japanese Primary school. Roku-] sar Garden, Japanese restaur- ants and the neighbourhood of the Japanese Consulate.
MR. EDEN'S PLEA FOR PEACE Mixed, Reception
Europe
ACCLAIMED BY HUNGARY AS
· · POLITICAL-MILESTONE
Berlin, To-day. Approval with reserve marks
HUGE FIRE IN the first comments on Mr. An
thony Eden's speech before the League Assembly yesterday. The Berliner Tageblatt says that
CANTON
100 Houses Completely
Gutted
20 PEOPLE KILLED [From A Special Correspondent]
the
led
Canton, To-day.
Mr. Eden's plea for co-opera- tion, even among nations with different kinds of Governments, constitutes a service to Europe, but his words, otherwise, excel- lent, lost much of their value by not excepting Moscow, which At 8 pm yesterday, a big has "sought to bring down fire broke out in the Luen On other Governments.” bamboo-ware shop in front of The Lokalanzeiger regrets that Canton-Kowloon Railway Mr. Eden still urges :-improve- Station at Canton. The fire ment of the machinery of the lasted until midnight and about League and the conclusion of ced that the Bourse will be closed troops offered desperate resistance,
which was, however, broken by the!
100 houses and sheds were regional pacts: until Tuesday and an emergency concentrated fire of the Nation-
Geneva: Mr. Eden's speech is ¡meeting of Parliament which nor- mally would not meet until Novem alists. The Red losses are declar- SPANISH MINISTER'S OUTBURST completely gutted. It is learn-
that there were about 20 generally warmly welcomed, but casualties, and hundreds of his remark that the present state cap- Emergency Meeting Of ber) will be held on Monday. Ited to have been extremely heavy.
persons have been rendered of things cannot be expected to is no secret in well-informed fin. The Nationalists have also
tured Manté Benajoan near Ronda
homeless..
last for all time hás’aroused mis- ancial quarters that France would on the railway-line Ronda-Algeci- only contemplate devaluation
Wednesday next is the Chin-givings, especially among the Little the On the Biscay" Coast TZE.
ese Moon Festival (the 15th day Entente or some members of it, within the framework of a CUT Nationalists likewise continue the posal by the leading Powers of the 8th Moon) and the dif who think that Mr. Edén's declara reacy alignment of sterling, and advance.
concerning the Spanish civil ferent organisations in Canton tion will encourage the revisionist
preparing for the aspirations of Hungary. Paris: Twenty infantry officers, war is a legal monstrosity," de-are
the General- of the internal prosperity of the the Chamber lobbies that the to that end have been proceeding including one Lieutenant-General, clared Madrid Foreign celebration of
HUNGARIAN OPINION lissimo's. unification of China, Budapest: Mr. Eden's speech is countries of the Empire, as cor-French Parliament may be sum-for the last three months.
one Major and five Captains, have Minister, Senor del Vayo, in
land It remains to be seen to what been sentenced to death by the Peor his speech before the Plenary gambling
the prohibition responding considerations will be moned to meet on Monday.
of given prominence on the front taken into account by the Gový Chamber normally is not due to extent the British and American pie's Tribunal in Valencia, accord-session of the League Assem-ing.
and opium-smok-pages of the evening papers and A meeting will belis acclaimed as a "unlestone in 'in- Government will gave France an ing to a report reaching here from bly yesterday afternoon. The held at 9 af, and in the after-ternational politics. The Magyar Later: The Cabinet meeting assurance not to undertake any Spain.
Minister protested vehemently noon there will be a parade of Orans declares that Mr. Eden laid Another message stated that the that the non-intervention was troops which will march round down most clearly the vital nectar the Government re-affirms its last evening ended at 8 pm. yes- fresh. depreciation of their cur-
to continue the policy terday, the Minister of Interior rencies, following any devaluation Madrid police took into tasted interpreted in such a way that the city and a dimer will be sity of giving effect, to Article purpose
General. San Pelayo. Lieutenant- which it has pursued in the issuing a communique later in the of the franc
Colonel Alarado and Captain Silve-the legitimate Government in given in honour of the General-XIX of the Covenant-Reuter, course of recent years, the one evening. Meanwhile it is announ-
Madrid was placed on the same lissimo in the evening.
The British Foreign Secretary stre, because these three officers
jin-his speech to the League Assen- helped to arrest the Socialist De footing as the rebels. He point paties in 1934-Trans-Ocean Sered out that "non-intervention," KHO SIN KIE LOSES IN PARIS bly yesterday, reviewed at length
as carried out at present, was
the causes of pest failure of the in effect a blockade of Madrid. Paris, today. In the interna-League and appealed once
Senor del Vayo also stated which are being played here, curity. He emphasised that Eri- tional lawn tennis championships for the principle of collective se that the "non-interference" is Andre Merlin, of France, beat tain did not want to see Europe
must.
in its policy towards interna-
BOURSE CLOSED UNTIL TUESDAY
tional monetary relations, take -into full account the requirements
Paris, Later: It is rumoured
the dollar, thus assuring a com- infmon level of prices. Negotiations
ermments of France and the United meet until November. States.
The
constant object of which is to (Continued at foot of nezt CoL) maintain the greatest possible
equilibrium in the system of in- temational exchanges and to avoid
to the utmost extent the creation their Parliament the readjust
of any disturbance of that system ment of their currency.
by British monetary action.
The British Government shares with the French and
DECISION WELCOMED " The British and United States
vice.
DEATH SENTENCES
Reactions In USA. Washington: The question of the action to be taken in the event of the devaluation of the 40-HOUR WEEK IN FRANCE? French currency is believed to have been discussed in "a con- "
the
ference between Mr. Henry A. Paris, To-day--President Le proving unsuccessful as far as Kho: Sia-kie, China's National fall into two camps, determined by United Gaveraments welcomed this deci Morgenthan, Secretary to the brun has signed a decree making the rebels are concerned, since singles champion and first string their respective forms of govern States Governments the canviction, in the hope that it would es- Treasury, and State Department the 40-hour week compulsory in they now possess immense Davis Cup player, by 1-6, 3-6ment. He made a pe Lor 86, 6-4, I the Semi-Final toleration, and for the ending of tion that the continuation of this tablish more solid foundations for currency experts, which open the mines, with an extension to quantities of war material,"
Round-Beuter twofold policy, will serve, the gen- the stability of international eco-ed on Thursday night and was embrace the metal trades, the which they did not have when
abase of foreign, neighbours. eral purpose which all the Gov-nomic relations. The British, Unit-resurned yesterday.
textile industry and the building the uprising began
He pointed out that armaments ernments should pursue.
ed States and French Governments While Treasury officials decline trades. These extentions will be Evidently referring to Porta - MOORING. PROMEITION:
were cutting into the standard of declare their intention to continue to comment, Wall Street doservers discussed at the next Ministerial gal's attitude towards the bel-
life and that there was all-round FRANCE TAKES THE STEP
to use the appropriate available are confident that both the United Council-Trans-Ocean Service. Ligerent parties in Spain, the A Government Gazette notifica-weakening of confidence. The French Government has in-resources so as to avoid as far as States and France could weather
Minister said: “No country, notion states that vessels, other than Britain was pursuing a policy of formed the British Government Possible any disturbance of the without grave dificulties any GOVERNMENT. APPOINTMENTS matter how different its form those employed, in the carriage of rearmament and would persist in that, judging that the desired basis of "the international Ex-short-lived squalls which might¦"
of Government may be from pigwash, are prohibited, » between it, until disarmament: 238 a stability of the principal cur- changes resulting from the pro-follow an embargo on the export The following Government ap-that prevailing in Madrid, has the hours of 5 am) and 9 am,ality, and this implied a renuncia- rencies cannot be ensured on a posed readjustment. They will of French gold or devaluation of pointments, etc., are notified in the reason to fear interference in from mooring to the seawall in tion of the war meiste gold basis except after the re-arrange for such consultations for the franc. The majority of the Government Gazettes-ve its internal affairs from the Hong Kong between the western The essential establishment of lasting equili- this purpose as may prove neces- inancial - authorities anticipate Misses Johann Hepburn MeLel Spain which I represent. This extremity of the dust-bost, station to work i brium betwun the various econo- sary with the other two Governs that any such action" would only lan and Adelaide Castleman particularly refers to the dir-opposite. Wilmer Street (and znic systems, they have decided, ments and authorised agencies. be followed by slight market dis Hill to be Naming Sisters, with ect neighbours of Spain. with this object, to propose tol (Continued on Page 20)
here: enter.
Jeffect from September 16.”
Trans-Ocean Service.
eastern boundary of the stone, steps Jaituated opposite Eastern Stree
Land
fnery of:
the willi Lea-