JAPANESE FINANCIAL CRISIS.
SEVERAL BANKS SUSPEND BUSINESS.
TENSE FEELING OF ANXIETY AND EXCITEMENT.
SERIOUS RUN ON THE
[HOUGH XEUTab's agencija
Tokyo, April filt.
Two more banks have been forced to close the Fifteenth Bank, which is one of the most influential in the country, and the Taisho. Bank Both have suspended business for three rocks.
The Fifteenth Bank was: capital-¦ ised at 100,000,00ben and had de
posits, of 388,000,000 yen and over So branches, scattered throughout the Empire. Cotsequently, it is feared that the suspension will have a serious effect, and has already resulted in a downward tendency of the Stock Exchange.
Bankers' Conference.
BANKS.
THE HONG KONG DAILY PRESS, FRIDAY, APRIL 22nd,
The run on the banks is unabated at Ouka. Kobe, Kyoto and other cities, and queuea of anxious house wives are to be seen transferring their deposits from the Banks to the Post Offices, where savings' accounts show a huge increase.
CHINA'S CIVIL WAR. THE SOVIETS AND
LULL IN FIGHTING.
MARSHAL FENG IN A QUANDARY.
HANKOW STILL, UNEASY,
[NAVAL WIRELESS.]
HANTOW, April 20th
CHINA.
VIEWS OF THE ALL-RUSSIAN ∙CONGRESS.
· [THROUGH MUTER'S AGENÓT.)
Moscow, April 21st. Al-Russian Congress
The
of
1927.
THE MISSISSIPPI- CATASTROPHE.
100.000 PERSONS HOMELESS: 4,000,000 ACRES FLOODED,
[REUTER'S AMERICAN SERVICE.]
Mearns Tw, April-gist The growing menace of the feed valley causes the situation to bo of
WEDNESDAY'S THUNDER-
STORM
1.6 INCHES OF RAIN-IN AN HOUR
Reference was made in yesterday'a issue to the thunderstorm, amom panied by a heavy downpour of rain which held up traffic in the Central district, foaded the base collected in Happy Valley faster than the nullahs could drain it away.
"DOES PROFESSIONALISM BENE IT SPORT?”
· LAST NIGHT'S. Y.M.C.A. DEBATE,
The exodus of wealthy Chinese Soviets, at their closing session inster in the lower Mississippi ments of soma low-lying houses, and S. D. Cousland presided
unanimously adopted a resolution
*
It is estimated that so far 4,000,000 acre have been foodect
Interesting views were expressed on the question "Does Profesion. alism Banent Sport" which was the subject of a debate at the Kow- loc Y.M.C.A, last night. Mr. a.
Mr.T. J. Price," B.Sc., in moving the resolution said that in the fra place sport was a relaxation from. - The rainfall was extremely heavy work. Professional cricket or foot- the violence of the thunderstorm the exactly a sport, for the club that amount of rain was not remarkable. had the most money always obtain Rainfall figures from the Royaled the best men. So long as pro Observatory, Kowloon, show the fessionalism was restricted to the following :-
relations with Foreign States. The resolution pointed out that the peaceful activities of the Soviet had and that 100,000 persons are home for about an hour but considering ball, though very clever, was not
Iss.
continues, and the air of uneasiness is becoming more pronounced. For some unknown reason a financial urging the consolidation of friendly the gravest panic seems likely to eventuste,
Coolies are beginning food loot ing raids in the native city,
WUxU, April 20th. All business is practically at a Intermittent ride fire has been met with great difficulties in view standstill. A few more provincial going on all day scross the river.
of the growing hostility of the NANKING, April 20th.
Communications have been ri- banks are reported to have failed, The cross-river engagement be- Governmente of certain Powers tously impaired, and the streets of and the situation is "panicky."tween the rival forces is losing wards the Soviet At trusted that many townships have becomes foam- The Moji Bank and the Kokurs in intensity. Rife are has been the Government would be ready, ting whirlpools in which boats,
much reduced, though a certain Bank in Kymhan Province have sus-
amount of gunfire continues. resist any new attempt to provoke
men, animals and household goods. peaded for three weeks and other Large fires broke out today at Russia to war, and sympathised
Pukow and Hainkwan suspensions are expected
with the Chinese national liberative are tossed wildy hither and thither. movement, approved of the Govern ment's policy in China, which was based on a recognition of China's full sovereignty and a full renuncia- tion by the Soviet of the special privileges enjoyed by foreigners in China,
of the Fifteenth Bank caused a rum on every other bank, as the con- fidence of the depositors was
U.S. AVIATORS FOR SHANGHAI
#[EBUTER'S AMERICAN SERVICE.)
MANILA, April 21st The naval transport Gold Star has left for Shanghai with 97 marine aviators aboard.
Other Suspensions, Huge crowds lined up butside the various banks in Tokyo early" this morning and there is a tense feel Torxo, April 21st.
ing of anxiety and excitement pro. An important Bankers Confer
valent everywhere, while the an ence which was held this afternoonnouncement of the Osaka suspension at the Premier's residence broke up without any decision being reached. Consequently, the Government are apparently faced with two alterna- tives. Firstly, to resort to the con-
Simation " Extremely Berions." vocation of a special session of the Diet for the purpose of passing the
The situation generally is regard. necessary legislation to enable the extremely serious and appre-ampton to-day for China, including.. Bank of Japan to meet the require-hension is felt. An emergency mea- ments of banks suffering runs sure, similar to that effected after to resort to some other drastic ex- the earthquake of 1893 may become pedient without delay. Secondly, necessary. to issue a proclamation calling a moratorium.
OT
Despite the general slackening, business in the silk market does not seem to have suffered much.
DUKE AND DUCHESS OF YORK IN MELBOURNE.
RECEIVE A ROUSING WELCOME.
ན
shaken.
GREAT CONFLAGRATION IN JAPAN. HEAVY LOSSES AT KANAZAWA.
MORE BRITISH TROOPS LEAVE FOR CHINA.
[THROUGH BUTE'S AGENCY.]
LONDON, April 21st. More troops embarked at South- *** (THROUGH REUTER'A ̈`ÁGENCY.}.
Toxyo, April 21st. General Hospital, No. 9 Army
great confiagration occurred, Co-operation Squadron of the Air
two batteries of Field at Kanazaws off the West Coast Artillery and the first entirely of Japan, early this morning. mechanical transport company of One thousand buildings, including the Army Service Corps, the last hotels, schools and a hospital. were The Bank of Japan, has already mentioned constituting a column of destroyed. No details are to hand mada considerable advances with-fifty-one six-wheel motor Igrries. out security, and the total advances at present amount to over a thou- sand million you
SINGAPORE CHINESE.
STILL CAUSING CONFIDER-
ABLE FRICTION.
APLAIN-CLOTHES ARMY.”
(THROUGH AKUTKE'S AGENCY.]
SINGAPORE, April 21st Intimidation apparently continues. in connection with the Chinese boy. cott of the trams. Boycotting cir culars and posters are being dis tribited, signed "Members of the Singapore Plain Clothes Anny."
AEROPLANE TRAGEDY SAD. DENS PROCEEDINGS.
"[THROUGH REUTER'S AQZNCT.)
MELBOURNE, April 1st.
the State of Tragedy marred Victoria's rapturous welcome to the Duke and Duchess of Yori H.M.S. Renown, escorted by 4 warships aad.40 aeroplanes had steamed ap the bay as close as possible to the ahore for the benefit of the crowds on the beaches. Though it was misty and squalls spoilt the spec-U.S. tacular. effect, the weather cleared rufficiently not to interfere with the imposing landing ceremonies.
the Aeroplanes stated over barge in which the Duke and Duchess came ashore, and continued
to escort the procession through nine miles of decorated city and suburban streets with troopa.
here was incltuous cheering of the crowds, but the cheers changed to cries of honor when, as the pro- cession entered the grounds of Government House, two aeroplanes, only a few hundred feet up, collided with a sickening impact, crashed in flames, and fell on to a garage which was set afire. Four airmen were
killed.
Their Highnesses did not witness the accident though only half a mile
WD7.
SPEEDY FLIGHT. ROTTERDAM TO MARSEILLES
AT 110 MILES AN HOUR.:"
(THROUGH BETTERʼR AUENUT.}'',
MARSEILLES, April 21st.
A single engine Dutch monoplane, piloted by Mr. Beckman, which left Rotterdam at 10.14 this morning arrived at 4.53 in the afternoon with three passengers for Indian mail stammer.
the
The monoplane covered 740 miles in single stage at an average speed of 110 miles per hour.
AN ALLEGED RUSSIAN MONARCHIST GROUP. BROKEN-UP BY STATE POLI- TICAL DEPARTMENT. (THROUGH ELUTER'S AGENCY.]
Moscow, April 21st.. An official News Agency reports that the State Political Department has discovered and broken up Monarchist Group" who were fol- lowers of Grand Duke Nichols Nicholaievitch, and who are alleged to have been engaged in Mary capionage for certain for|
the eiga Intelligence Services group is stated to have beta direct
"SEIZURE OF THE
FEDERALSHIP." FEDERAL COURT RULING.
[BEUTER'S AMERICAN, SERVICE
SAN FRANCISCO, April 21st "Decent respect for the opinions
of mankind, national Eoncur, har-
Force,
MARSHAL FENG " SITS ON THE FENCE."
*(Wah Te Fat Pac),
SHANGHAI, April 21st."
BANK OF ENGLAND DISCOUNT RATE.
(THROUGH BEUTEM'S-AGENCY.]
LONDON, April 21st. In view of the split between the The Bank of England discount Kuomintang and the Communists, rate has been changed to 43 per Marshal Feng Yu Hsiang is hesitat cent ing to take sides with the Reds and his ordered his troops to be sta tioned on the North-east border of Honan province "to await further instructions.”
PEKING AND HANKOW
BANKS..
(Wah Tiz Fat Peo).
SHANGHAI, April 21st
THE S.S." KHIVA."
EN ROUTE FOR" SHANGHAI.
(THROUGH REUTER/A, AUIVOT.] /
SHANGHAI, April 21
The latest report of the Khiva is that her bows are badly, stove in, but that the remel is not
AUSTRALIAN CRICKETERS TO VISIT MALAYA:
(THROUGH REUTER'S AGENCY.]
SYDNEY, April 211 The Board of Control has late- tioned a visit of an Australian Cricket team to Malaya. It will probably indade several intem- tionals, and it is proposed that it should leave o May 3rd and return on June 28th
EASTCHURCH- AVIATION
TRAGEDY.
RESULT OF THE INQUEST.
(THROUGE ZEUTER'S AGENCY.)
LoxDay, April 21st. A verdict of accidental death was eturned at the inquest at East church an Flying Oficer Willis Kelly, Pilot Officer John Dowdes well,. Flight Sergeant Alderton and Air Craftsman Daniels, victims of the craah which occurred at East- church on Tuesday.
The machine, was a two-engined Vickers-Virginia and had just ar-
4 hours (from 9 p.m. to 1 am)
2.03 inches
1 hour (8.30 p.m. to 10.30 p.m.) 1.61 inches
1 hour (10.30 pm, to 11.30 p.m.) 0.33 inches.
teaching of games, then it was in- dispensable. In the early days of baxing, men fought with bare fists until one of them dropped; today. when the giants of the boxing world would not enter the ring if not guar- anteed a fabulous sum, the "pobla art". appeared' to be a "pat-up "
EXCURSIONS TO CHEKWAN. Boxing could not be put for ward as an example of how proles- sionalism had helped
PLACE OF SHRINES AND
LEPERS.
A service of excursion trains to Chekwan, near Lin Tin, commenced yesterday, and will be continued until Sunday.
Nor could anyons claim that pro- fessionalism had benefitted tennis.
In the ease of golf, it was difficult to say whether professionalian had done any harm, for the chief daty of the golf professional was to in
In
The excursions have been put on struct and develop the game.
rowing, the chief interest centred to enable many Chinese to make certain observances in the neigh-on amateur performances, and more bourhood and are being restarted real enjoyment was obtained in this than from many another so-called sport.
after in interval of four years. The service was discontinued by order of the authorities because of the
danger from the pirates who invest the neighbourhood, and special per- mission had to be obtained to resume the service.
A large number of ancient shrines and temples are situated at Chek- won, and the place is also the abode of many lepers."
INTER-SCHOOL SPORTS.
Professionalism could not really
be said to injure sport, bot merely
to alter it. Under ofessionalism. sport deteriorated into a fight for money; men became responsible to their directors instead of to the captains of the sides.
Replying for the opposition, Dr.
of our national games were cricket F. R Ashton said that the greatest
and football. He recalled a match between Surrey and Yorkshire at: the Oval. When Hobbs arrived on the feld amid a roar of cheering. One might have felt inclined to shudder at the thought of all the
rived from Matiston Aerodrome TO BE HELD NEXT WEEK.Althy lacre" that. Hobbs had re-
The pilot oficer testified that the machine on taking off again struck
a wing of a stationary aeroplane;
ceived for those numeron, een- taries; but instead one felt proud "The annual inter-school sports are of the country that had produced to be held next Wednesday on the Hobbs. Or one might have thought ground,How can I obtain pleasure from Hong Kong Football
Following the step taken by the badly out of trim. She is down possibly owing to error of judgment Happy Valley, by the kind par- a game so commercial?" But no
the Banking Guild in Peking has Banking Association at Shanghai, also announced a severance with the banks at Kankow.
A KUOMINTANG PLENARY 'SESSION.
(Wah Tiz Yat Pao).
BEANGHAL, April 21st. The proposed Plenary Session of
monious international relations and the Central Executive Committee avoidance of war
in all
water is not gaining in the No. 2 THE GIBRALTAR TRAGEDY. about three feet at the bow, but hold, which is still dry. There is a severe strain on the No. hulkhead
The salvage, tugs arrived at 6.30 STATEMENTS BY DUFFIELD: this morning and are convoying the Khive to Shanghai, where they are expected to arrive at 7 o'clock this evening.
SINGAPORE'S DOCK, THREE SECTIONS OF
require that and the Court of Impeachment,"
PONTOON NEARLY....... treaty laws shall be scrupulously fired to be held
COMPLETED. 20 observed," is the opinion expressed probability, to cancelled owing to
· ON " in a Federal Court ruling on the Mr. Wang Ching Wei's disagree.
The ment on the ground that the pro- (THROUGH RELIER'S AGENCY.] seizure of the Federalship. seizure, the ruling points out, was posed session has no legal basis.
LONDON, April 20th. illegal, was sheer aggression and Marshal Chiang Kai Shek accepts
Satisfactory progress in the con. trespass and contrary to the Angle his view so that Mr. Wang may be American Treaty.
reconciled to the moderate Kuo-straction of the Singapore pontoon mintang side
dock is reported:
A telegram from Washington, dated March End, stated: The Federalship, the largest vessel eu- gaged in cum-running off the Pacific seaboard and recently transferred from the British to the Panarman register, was seized when 300 miles to the south-west with "19,500 cases of whisky aboard:]
#
U.S. MARINES IN NICARAGUA.
THRICE FIRED ON,
{REUTER'S 'AMERICAN BISTICE)
MANAGUA, April Fist. American marines were thrice fired on yesterday night to-day. They returned the fire and suffered no casualties."
FRENCH COLONIAL TRADING.
{THROUGH AZUTER’6. AGENCY.]
PARIS, April 21st. Le Matin notes that the 1876 trading effected by the French Colonies with France exceeded six- teen billions of franes and with all countries exceeded thirty billions or amounted to one-third of France's exterior trade. The 1825 trading of the Colonies with all countries totalled 27,683 millions.
EGYPTIAN POLITICS. (THROUGH REUTER'S AGENCY.]
CAIRO, April 21st.
KUOMINTANG POLITICAL
COMMISSION..
(Wah Tar Yat Pao).
SHANGHAL, April 21st. Before a formal National Gor- erament is set up in Nanking a Central Political Commission to handle all, Central Government affairs, will include Dr. C. C. Wu as acting Foreign Minister, Mr. Koo Ying Fan, as Minister of Finance and Mr. Hu Hon Min as the Chair man of the Central Kuomintang. CHINA'S "RED" LEADERS.
Three out of seven of the sections will be ready for launching in about three months time.
MEXICAN ATROCITY. BANDITS BURN TRAIN AND MURDER PASSENGERS. [REUTER'S AMERICAN SERVICE.]
Mexico Orry, April 20th. One of the worst bandit outrages | in Mexico's stormy history occurred at Limon in the Biste of Jalisco, when it is believed 120,fraim verander of 17 soldiers were slaughtered de burnt to death
(Seentavia, by outlaws.
(THROUGE REUTER'S AGENCY.]
GIBRALTAR, April 30th.
At the opening of to-day's pro- ceedings against Lieut. Duheld two statements.by the accused were read out. The first was "I am per- fectly sane and know what I have done." The second apologised for the extra work he had given but pointed out that he would not be kept there long, as it was a civil charge. To this Duffeld added: Since the arrival in Gibraltar of the Colonel" I have given up all ideas of soldiering and it is better that one is should die than that a whole regiment should be ruined. I made a mess things. I misurd with the first shot, hit him with the seccad-which I had meant for my-
elf.
RAILWAY DISASTER IN CANADA.
SEVEN PEOPLE AND. 38 RACEHORSES KILLED.
»
[REUTEN'S AMERICAN SERVICE]
TORONTO, April 20th." Seven persons were killed in the (Wah Tez Tat Pao).
SHANGHAI, April 21st. After derailing the engine and derailment of a goods train 54 miles The Peking Government yester butchering the escort, the bandita west of Burnepayne, Ontario, in- day issued the names of the Chinese locked the passengers in the coaches, cluding three Englishmen, named Communistic leaders, in which it which they then soaked-with petrol Garnett, Bull and Captain' Liding- The last-named employed the mentions that Mr. Chen Ta Shiu and kerose, and set on fire. They is the supreme head of the Chinese shot their victims, as they attempted other two, and was in charge of Communistie Party while Messrs to escape Irim the blazing wreck
The entire train is reported to from England for purchasers at wagons containing 40 racehorses Li Tai Chiu and Tam Ping Shan are ranked as secondary. It was die bave been destroyed, and it is un-Winnipeg and Vancouver. covered that Mr. Tam Ping Shan know if any passenger survived.. receives 3,000 dollars a month for propaganda expenses.
MISSISSIPPI OVERFLOWS.
· MANY LIVES LOST: 25,000
...PERSONS. HOMELESS.
ĮREUTES'S
Thirty-eight of the horses were killed when the wagons overturned.
ARMY NOMENCLATURE.
ARTILLERY UNITS RE-NAMED.
THROUGH REUTER'S AGENCY,]
LONDON, April 20th. The War Office announces altera tions in the nomenclature of cer- tain Royal Artillery units, to take effect from May 1stion
THE CHINESE REPLY TO
THE SOVIET NOTE.. (THROUGH BEUTER'S-ADENCE.]
EUTES'S AMERICAN BERVICE) PEKING, April 21st.)
New Yong, April 20th The Chinese reply to the Soviet
Unprecedented rainstorms have Note regarding the raid on the Embassy says that it was carried caused the Mississippi to overflow out outside the Embassy proper, or break down its, embankments in Chinese police scrupulously refrain several places all the way from St. ing from entering the Embassy. Louis to New Orleans, resulting in ed by Kortepov, an ex-General of It is understood that since Zaghlul The reply mys it is true that diplo 25,000 persons being temporarily
These include the British Pack the White Army living in Paris. Pasha's health does not permit him mats enjoy special immanities but rendered hamle Tead.
The report refers to certain of at present to deal with the political that does not confer the right to The aggregate death foll is 100 Brigade and Pack Batteries, to be those arrested, who are stated to situation arising from the resigna- carry on legal practices. Careful mostly Negroes, and includes fetal designated the Light Brigades. confirm this. Their object alsa was tion of the Cabinet the Adly Minis examination of the documente seized itics at Illinois, as reported in an No. 1 (Hong Kong-Singapore) to endeavour to assist in the creatry has agreed temporarily to carry is still going on, hence the Chinese earlier cable from Carrolton Pack Battery is designated No. 1 There has been considerable des (Hong Kong-Singapore) Mountain tion of an Anti-Soviet organisation on in, office for Administrative pur Government is in no way complying
truction sad damage to farmland., Battery, with the demands of the Soviet in Bussin.
poses only.
mission of the H.K. Football Club. one of the vast crowd seemed to be
This meeting will be the sixth of
the series.
The Governor's Shield has been wan, three times by St. Paul's Col- lege and twice by St. Joseph's College. The trophy is held for one year by the School gaining the most points"
troubled by feelings of that nature.
Д
They were watching one of the world's greatest sports played by the world's greatest sportsmen.
One might as well say, added DGY
musician Ashton, that because received money to give perform ances, he ceased, to be a musician. An interesting programme of ten (Laughter.) People went in their events has been arranged, and the tens of thousands to see a profes card gives details of the records in Bio games not to be instructed the various event Among special but to enjoy themselves; prizes is a Challenge Cup for the only a sprinkling attended an half-mile given by Canton Nanyang amateur match. The standard of Brothers, the Sir Paul Chater Cup games in general had been raised for the 220 yards senior relay race, immeasurably by professionsliem. and a cup by the Nestle Angla Swiss Milk Co. for the 221 yards junior relay race.
The awards will be distributed at
4.30 p.m. by the Vice Chancellor of the Hong Kong, University (Mr. W. W. Hornell, C.LE., M.A),,
HOME FOOTBALL.
RESULTS OF WEDNESDAY'S MATCHES.
(THROUGH RIVER'S AGENCY.]" Four League matches were played at Home on Wednesday, one in Division II., where the leaders suffered defeat at Reading, one in Division III. (Northern) and two in the Scottish League.
The results are appended
.:
- Division II. · Reading 2, Middlesbro. *1. Division IIL (Northern). Crewe 1, Bouthpors 0.
-Scottish League. Celtic 3, Motherwell 2. Kilmarnock 4, Hibernians 0.
HOME RACING.
EMBARGO WINS THE CITY AND SUBURBAN
(THROUGH EXUTER'S LOENCY,},
Loxpos, April 20th. The City and Suburban cap, run at Epsom to-day, attracted large field. The well-backed Embarge won by four lengths, the result being
Embargo Gifted Autocrat Twenty-two ran won by four lengths; six lengths between second and third
whereas
Mr. T. V. Harmon, seconding the motion, said that cricket was run and governed by amateurs.
Mr. A. C. Howell remarked that when a man became a professional- player, games became his means of livelihood and it was therefore op to him to maks himself as perfect as possible. It was useless to main tain that amateurism could hold its own against professionalism. Pro- fessionals could give better perform- ances than amateurs because they had made a study of the game. We liked to know the height of perféo- tion to which man could attain, ..:
Ultimately, the motion was lost.
WORLD'S BIGGEST JOB.
CLAIMS OF KC. WHO STARTED
LIFE ON 22 106. A WEEK
·
Which is the biggest business job in the world!
An American magazine claims that it is the presidency of the Canadian Pacific Railway, a post occupied by Mr. Edward Wentworth Beatty, K.C., LL.D.
Mr. Beatty started with the com pany at a salary of £2:10s. & week, and now he controls as chairman and president the following in
terests:m
20,000 miles of railways owned and operated by the company; A £5,000,000 chain of hotele;
lake Eighty-three ocean and steamers, of a total tonnage of (25,000
Handi-115,000 miles of telegraph lines;
100,000 employees, scattered throughout the world from Europe. to the Far East,
2 3
Betting Embargo, 9/2; Gifted, 20/1; Autocrat, 28/1,
A*£4,000,000 irrigation project; "Millions of awes of farm lands;
A great express delivery. com- pany
Coal mines, saw mills, grain ter minals de
And about 100 other allied terests.
He succeeded Lord Shaughnessy as head of the company.