LOWEST PRICE OF SILVER.
-NANKING GOVERNMENT'S
LOSSES,
CONCERN IN LONDON.
(THROUGH RZUTZR'S AGENCY.]
NANKING, Jan. 9. According to the Government's financial experts, the immediate lose to the Government as the result of the silver stump exceeds
ten million dollars.'
LORD RUSSELL'S COMPLAINT.
HIS SPEECH ON INDIA MISQUOTED.
PRESS TO BLAME.
[DRITISH WIRELESS BERVICE.]
RUGBY, Jan. 9.
As the brief summary of the speech made by Lord Russell, Under Secretary for India, at a small Labour Party meeting during the week-end, has given rise to criticism and misunderstanding in India, Lord Russell has issued a statement as follows:-
Fanking to Take Action,
NANKINO, Jan. 9. The summary of my speech An emergency meeting of the Na capled to India has been so abrid- tional Government of China is beged us to make it most misleading. ing held.to consider steps to deal with the chaotic situation created by the slump in silver.
Although a gradual fill was ro garded as inevitable, speculatire activities are mostly blamed for the present rapid decline.
i
THE HONG KONG DAILY PRESS, FRIDAY, JANUARY 10, 1930.
BIG PARADE IN ROME.
NAVAL CONFERENCE MATTERS.
MORE
AND MORE SPEED!
ROYALTIES WITNESS
"MARCH-PAST."
HUGE CROWDS GATHER.
(THRODON HAUTER'S AGENCY.]
Roxx, Jan. 0.
The city was early astir to the sound of bugles, and of military bands of contingents representing all the armed forces of the State, marching to Pariola parade ground for a great review attended by all the Royalties at present in Rome.
They witnessed the march past, and the crowd especially applauded the popular Bersaglieri, who with the cock's feathers in their hats flying behind them, passed by at a run. Others in the march past in- included the Fascist "Blackshirts," in their typical formation, three abreast; but the greatest attraction of all were the Colonial troops, My whole sperch was devoted to ex-tribesmen from all parts of North. plaining the position in India to jern Africa. those Britishers who had not time to make study of it. I never used
A. fuller report would have con- vinced even my worst critics that I pleaded for co-operation in the best interests of England and fadia.
the phrase, Dominion Status is not According to an official ne possible for a long time." paper, the Government is consider- ing the abolition of the tacl in favour of a dollar standard, with the eventual adoption of a gold basis.
A Tragedy.
SHANGHAI, Jan. 9. A tragic note due to the slump in silver was struck last night when Sze Chun Yu, the, nephew of Mr. Alfred Sze, committed suicide, fol- lowing the lose of 8200,000, through speculation in gold bars.
Over-Production.
LONDON, Jan. 8.
"What I actually said was that the evolution of democratic institu- tions had taken a long time in our own country, and even now was not perfect. I hoped that with the co- operation of the Indians we might be able to evolve a workable scheine in the best interests of all, and in this matter the Labour Party was absolutely sincere.
A GENERAL AIR OF OPTIMISM.
PREMIER PREPARES.
[BRITISH WIRELESS BERVICE.]
LONDON, Jan. 8. "Mr. Ramsay MacDonald left Lossiemouth, his home in Scotland, for London to-day, with the object of completing, preparations for the Naval Conference, the arrangement of which has been his most brilliant
achievement a Prime Minister.
Before his departure he made a statement to the Press regarding the Conference, saying that it would deal with every class of warship from dreadnoughts to
submarines.
Things were very well advanced, There were little points on which agreement had not yet been reach ed but one of them was of so great importance that an agreement was impossible.
J
He felt quite optimistic about
i pr
LIMIT REACHED ON SAND TRACKS,
A BRITISH PROJECT.
"
(BRITISH WIRELESS SERVICE]
Ruany, Jan. 8. The newly formed Automobile a long Racing Association, alter search in various parts of the world for a natural track of sufficient length to allow of high speed trials, has put forward a scheme which
was inquired into yesterday by a re- presentative of the Board of Trade to build a motor racing track be tween Boston and Skegness, along
the foreshore of the Wash.
The famous racing motorist Capt. Malcolm Campbell, has come to the conclusion that the top speed has now been reached on natural-tracks, and that the only hope of higher speed records depends on the con
LANCASHIRE MILLS
LOSE OUT. ·
INCREASING FOREIGN
COMPETITION.
A MANCHESTER REPORT.
(THROUGH REUTER'S AGENCY.]
LosDoy, Jan. 9. The annual report of the Yarn section of the Manchester Chamber of Commerce states that owing to continued 'depression in the export! trade of cotton piece goods and cotton yarns, the production of
British yarn during 1028 Was seriously curtailed.
British exparts of cotton yara
started the year well, and almost 17,000,000 lbs. found an outlet in January, but in the next three months exports gradually declined.
The tide turned in May, when the
to slump however, to 12,2000,000 in figure jumped to 16,000,000 lbs, only June. Throughout July and August the volume was steady, then there was a sharp drop to 10,200,000 Ibs in September. The concluding
FIRE AT QUARRY BAY.
1,000 GALLONS OF TAR ABLAZE.
FIRE ENGINE COMES TO GRIEF.
ول
The Fire Brigade were summoned to assist in putting out an unusual fire last night at the Government quarry in Quarry Bay, and their prompt response saved a number of matsheds in the place from destruction.
At 7:25 pm. the alarm was ro- coived at Central and appliance No. 11, with Mr. "G. O, Moss in charge, and No. 3 from Wanchai,
hurried to the scene. Meantime another engine raced to the Happy Valley terminus to open the valves, giving full præure of water to the North Point area.
It was not matsheds which the fire-fighters had to deal with at first, but a huge boiler containing about 1,000 gallons of tar, material"
The crowd especially cheered the prospects. It was no use-shouting struction of such a course as this, months of the year revealed co out used in the asphalting of roads.
and Infantry Regiment, commanded
by the Crown Prince. The Navy was represented by 2,500 sailors, whilst 300 seroplanes of various ser vier types manoeuvred overhead, throughout the review.
MR. HENDERSON OFF
TO GENEVA.
A FLYING · VISIT.
[BRITISH WIRELESS SERVICE].
RUGBY, Jan. 8. The Secretary for Foreign Affairs,
before the conference was over, for
there were one or two diffieult mat- ters to be arranged, arising not different conditions of the coun- of any ill will, but out of the tries.
He saw no reason, however, for fearing that accommodation would not be reached.
British Attitude.
The Premier added that it was with the full consent of the Ad- miralty up to now that the British Government was prepared to make proposals at the Naval Conference which would mean a considerable reduction in the British naval pro- gramme without, in any degree,
pire.
which will be about 15 miles long,
standing features.
the
It appears that after the lar had been boiled the fires were drawn, unknown reason a
overflowed and immediately the quantity of the boiling material whole mass was on fire.
"In trade with India we had to or half as long again as the track
contend not only with increasing
subject to the variations which tide It is becoming increasingly evident, ou Daytona Sands, Florida.
The track will have a surface not competition from Japan, but with but for some
the productions of Chinese mills." and wind produce on sands.
Report Maya, that Earl Howe, the well-known Japanese mills are turning their more motorist, supporting the proposal. attention to the spinning of finer said the scheme would provide work counts. for 2,000 men for two years. The cost is estimated at between £300,000 and £600,000,
+
A V
THOSE WITHOUT GIN."
SENATOR'S "BON MOT."
REFTER'S AMERICAN SERVICE)
WASHINGTON, Jan. 3. To-day was the third of the new piled and sizzled in the House of Representatives all day.
Mr. La Guardia, the fiery Italian nounced enforcement as at present carried out as a failure.
He strongly condemned the prac
-EXP
A Miniature Volcano,
The eight was similar to looking a stall volcano, the boiling mass shooting high into the air, and making an attack upon it at close quarters very risky. However, the fremen, armed with shovels, vigor. ously attached the blazing tar with sand, the recognised method of dealing with a fire of this nature.
I hope my. Indian friends will Mr. Arthur Henderson, accompani impairing the security of the Em- not be misguided by such misleaded by his parliamentary Under-
"But," he concluded, ""everybody ing reports. I deplore the attitude Secretary, Mr. Hugh Dalton, and both at home and abroad must very his Parliamentary private spore
clearly understand that these of the Congress as much as I de-ary, Mr. Noel Baker, will leave reductions will depend upon an in- Session and the Prohibition Pot industry, which is being held at with, the tre hose being brought plore the attitude of the Tories and London to-morrow for Geneva to ternational agreement. It is quite Commenting on the fall in the the Press, who are causing the pre-attend a meeting of the League of impossible for any one country to
Nations Council which opens on price of silver on the London bul. sent embarrassment, and I trust my Monday. Pressure of work at the go beyond what can reasonably be lion market to 20.5/16d. per ounce-Indian friends will räily round the Foreign Office will necessitate Mr. says there is little hope entertained there is no better friend of India."
regarded as
WAGES OF MINERS.
NO CONFERENCE LIKELY.
[BRITISH WIRELESS SERVICE] །ས
RUGBY, Jan. 8.
Meantime, owing to the intense The Preparatory International heat of the boiling tar, one of the Technical Conference on the condi- matsheds in the vicinity caught fire. tions of work in the coal mining This outbreak was quickly dealt Geneva, began to-day with a gener; into action, and the engine' con al discussion on the question of
tinued to spray water on the ad. wages. Mr. A. J. Cook, the Bri-joining masheds, which received tish fainers' delegate, spoke in fav.
ao damage. fx minimum wages our of international machinery to
The blaze continued for about two hours, at the end of which The Government delegates of time the fire was subdued, the Germany, Poland and France, as whole of the tar being practically sidered that the time was not yet re, all the electric lights in the The "Dry" rallied to the de- fence of the constguards and de-tipe for the conclusion of an in- quarry went out.
ternational agreement on this sub- manded the support of Congrega in
ject. their efforts to suppress ram-run-
lowest on record-the Daily Mail proposals of Lord Irwing than whom, Henderson's return to London after equilibrium state of international who represents New York,.de-
of the discovery of new markets for silver sufficiently important to off- set, the loss entailed in the almost universal abandonment of silver as
a standard of currency.
The silver industry, therefore, is" in an acute state of over-production which most authorities are of the opinion presages a further fall in values, though bullion dealers generally believe that the quotation will settle at a paying level for China.
#TANG SENG CHI "PAID
OFF."
TO GO ABROAD.
(THROUGH ERUTER'S AGENCY.]”
HANKOW, Jan. 9. Messages from Chengchow state that Han Fu Chu and Wang Chin Yu by orders of Yen Hsi Shan have wired Tang Seng Chi, ndvising.him to retire and go abroad.
Tang Seng Chi, in reply, agreed. to retire immediately, leaving his troops with Liu Hsing. He re- quests guarantee of his own safety, with 850,000 for travelling
expenses.
THE LORANG CASE.
EXTRADITION TO LONDON DELAYED.
(THROUGH REUTER'S AGENCY.]
PARIS, Jan. 2. Madame Meurisse, the wife of a banker who is awaiting trial on n charge of manipulating mining stock, has laid information against Lorang, alleging that she handed him a quantity of jewellery to sell in London, and that Lorang gave them to a woman friend in Paris,
The extradition of Lorang is likely to be delayed until the matter is settled, possibly year, or so hence.
DEATH OF MR. EDWARD BOK:
A FAMOUS AMERICAN
EDITOR.
[RESTER'S AMERICAN SERVICE),
LAKE WALES, Florida, Jan. 9, The death is announced of the distinguished editor, Mr. Edward Bok. Mr. Bok, who, was born in Yen has agreed, and wired to the Netherlands in 1803, came to Chiang Kai Shett to remit the America at the age of 6, and be came editor-in-chief of the Ladite Home Journal in 1993, which posi- tion he held until 1919.
money.
BELGIUM CONCESSION
TO BE GIVEN UP.
(Wah Tz Fat Pao.)
TIENTIIN, Jan, 0. The rendition of the Belgian 'con- cession at Tientsin will take place in the middle of February, and the Belgian Minister has notified the Government to that effect.
SHAKESPEARE THEATRE.
J. D. ROCKEFELLER GIVES. £30,000.
He had been a Vice-President of the Curtis Publishing Company, of Philadelphia, since 1801.
FRIENDS ONCE MORE!
FRANCO-GERMAN "SPAT"
SETTLED.
(THROUGH RETTER'S AGENCY,}
THE HAGUE, Jan. 8. The French and German incident has been satisfactorily settled by the issue of a French communique in stigated by the German delegates, declaring that yesterday's meeting was "entirely cordial, From the beginning to the end there was no incident of any kind." An opti mistic feeling prevails that all is well.
[REUTER'S AMERICAN SERVICE,]
New York, Jan. 9. The American Shakespeare Foun dation, which is working in co operation with the British com- The incident arose through a mittee to rebuild and endow the member of the German delegation Shakespeake Memorial Theatre at demanding that M. Tardien explain Stratford-on-Avon, reports that the the offensive" statement published net balance to the credit of the in. French newspapers, adversely -Foundation on December 31 am. reflecting on the German goodwill, ounted to £176,000, including a gift | 31. Tardieu apologised and declar. of £50,000 from John D. Rocke ed that the statement was misquot- feller, made to the British Funded. in 1927, but which was retained by the American committee to secure the benefit of high interest rates in New York. The amount does not include scious donatione farkorded by American contributora direct to Stratford.
The estimated cost of the new theatre is £180,000.
the first two or three days of the Council meeting.
to kill.
The Japanese delegates to the Naval Conference will lunch with Mr. Ramsay Macdonald at his off.tice of the coastguards in shooting well as coalowners who spoke, con- destroyed. In the early part of the The Foreign Secretary, who has cial country residence at Chequers,| been actively engaged in preliminon Saturday. ary work in connection with the Naval Conference, is expected to be in London, before the delegates to the Conference from the United States, France, and Italy arrive towards the end of next week.
WORLD'S AIR SPEED
RECORD.
FRENCH AND ITALIAN ATTEMPTS.
[CRITISH WIRELESS SERVICE]
American Opinions.
WASHINGTON, Jan. 8. The American delegation to, thening. London Naval Conference leaves for England to-morrow amid a chorus of good will from every section of the community.
The Treasury Department states that the Government contemplates the addition of 500 new ports of entry along the Canadian border and will do its utmost to prevent crossings elsewhere.
The general opinion at present appears to be that the idea of a conference on wages will be aban- doned for the time being.
Accident to Fire Engina.
At 8.50 p.m. appliance No. 11 started to return to Central, but it came to grief alongside the wall on the road outside the new build- ing of the Tsang Fook Piano"Com- pany at Quarry Bay.
It is understood that the engine
rossings are heisla, while ex Telegrams in Brief served to make way for a tran
pressing, regret at the shootings, in- dicate that they are determined to carry out their duty.
The New York Herald-Tribune which is a Republican journal sup porting the Big Navy" group, expresses the opinion that great difficulties may arise as the result of conflicting national interests, but there is reason to be hopeful that
Meanwhile, social Washington is great things will be done in London. tittering over a bon mot attribut- The Herald-Tribune wishes the deed to a certain Senator in reference legation all possible success.
to his colleagues; "Let him that The New York Timea (Indepenis" without gin amongst you cast dent) emphasises that instantaneous the first stone. sweeping success of the Conference cannot be expected, but it adds, the delegation will bear with them the hopes and prayers of all who be lieve that mighty issues of peace and security for the whole world depend on the outcome of the con- MR. LLOYD GEORGE'S MESS AGE TO GERMANDEMOCRATS,
Ruasy, Jan."6. News has been received in London that Italy and France are ready to attack the world's air speed record of 367.7 miles an hour, at present held by Britain. For the French attempt a monoplane equipped with engines of 2,000 hp, has been specially built, and the Italians are to use one of the machines conference. structed for the recent Schneider The Evening World warns the Trophy contest.
public to be on its guard against hostile propaganda inspired by those financially interested in de- fenting the purpose of the Con- ference. Reuter.
Britain is preparing to challenge any new record that may be made. Two seaplanes, as yet untried, are being modified to obtain a still greater speed.
M. BESSEDOVSKI ON TRIAL.
EMBEZZLEMENT. CHARGE.
[THRODOM REUTER'S AGENCY.]
Moscow, Jan. 8. The trial has opened in his ab- sence of M. Bessedovski, the ex- Counsellor of the Soviet Embassy in Paris, on a charge of embezzling $15,270, belonging to the Embassy's funda.
[The Soviet Embassy at Paris was a scene of excitement on Octo- ber 3, when the first ecunsellor, M. Beseedowski, clambered up the rear wall, then dashed to the Prefecture of police and implored the officials to secure the release of his wife and son, who, he said, were imprisoned in the Embassy.
M. Bessedowski declared that the Morcow "Cheka" had despatched an official to interrogate him on his recent change of political views. He said that ho declined the en- voy's demand to return to Russia in answer to the charge and re quested to be allowed to depart with his family.
Broadcasting King's Speech,
NEW YORK, Jan. 9. The National Brondenating Com- pany is arranging to broadcast throughout the United States the King's Speech at the opening of the Naval Conference.
New American Cruiser.
*
MARE ISLAND, Cal., Jan. 9. The Secretary for the Navy has authorised the launching here on April 4 of the 10,000-ton cruiser Chicago.
"
THE LIBERAL SPIRIT "IN EUROPE.
Julius Rosenwald, Chicago mil lionaire and philanthropist, has Parried the mother of his son's
wife.
A steel mill costing 40 to 50 million dollars will be erected by the National Steel Corporation of America near Gary, Indiana.
Manchester City Council has de- eided to confer the Freedom of the City on Mr. C. P. Scott, for many years the famous editor of the Manchester Guardian.
var proceeding to Shaukiwan, but the left front wheel got into a side channel several inches deep taper- ing from about two feet at the end of the wall to a dead level in the middle. The cagine came to a stop in about its own length, with the mudguards haid against the well. The steering gear of the engine was put ou; of action and damaged.
home.
Gold "
From all appearances, the driver of the appliance seems to have acted with marvellous sell-control in the face of this death trap in the roadway, and Mr. Moss and his crew were very fortunate in escaping serious injury. Mr. Mors The Air Ministry announces that. had been busy from an early hour Mr. Lloyd George was invited by as the result of collision in the air in the moming attend. g to a fire German which occurred it Aba Sueir, in the harbour, and later he found the National Union of Young Democrats to attend an in- Egypt, between two Avro machines himself in the position of being ternational Congress in Berlin. of the Flying Training School, temporarily stranded on a As he was unable to accept the in- Flight-Lieutenant Richard Green-night. vitation, Mr. Lloyd George sent the slade and Flying-Officer Charles At 10.45 p.m. the appliance was following message to the Union:-Galpin, pilots of the aircraft, and still in the same condition, await- "I congratulate the National Corporal Williams and Leading ing assistance for it to be pulled Union of German Young Demo Aircraftsman Leonard Green, were away from the wall and towed crats on its initiative in summon-killed. ing an international congress of the various European associations of Radical, Liberal, and Democra tic young people, and I trust that your assembly may perform a valu able and practical service in streng- thening the energy and enthusiasm of the youth of Europe en behalf of Liberal and progressive ideals.
"The first desire of the nations to-day is for peace; for sure and lasting peace that shall ban ever any danger of another world war like that of 1914-18, with ite wasteful, sacrifice of the flower of young manhood on the altars of pride and fear and international distrust, Linked with that desire ia a love of freedom, a wish to sweep away old tyrannies and med- ly island of Iona, in the Hebrides, dlesome restrictions on personal l on November 19, has declared that.berty, despotic forms of Govern- spiritual conflict had arisen bement, and the, grip of vested in- and class domination. tween him and his daughter, prin- cipally on, account of a statue of Mankind has also developed an in- Dairia which he had given her when creasing sense of human brother- hood and a more sensitive social they were both in Egypt.
conscience which urges it to reform long-standing abuses, to help the needy and downtrodden, and to bring about a richer and kindlier life for all-
WOMAN'S DREAD OF A STATUE.
DEATH FOLLOWS GIFT FROM HER FATHER.
5
Dr. Joseph Fornario, the fa ther of Miss Norah Emily Fornario, who was found dead on the lone
for
terests
Miss Fornario, who was interest- ed in psychic phenomena, declared that the statue was evil, and would The Soviet envoy then produced only bring misfortune. Her father, a revolver and prevented his depar- who is a noted scientist and a direc
M. Besscdowski ture.
escaped tor of the Medical Institute at through he back premises, and Milan, declined to admit this, and The German delegation, while ac brought back the Director of the they argued heatedly on the mat- cepting, the apology, demanded M. Judicial Police, who secured theter.
Dr. Fornario added that by some Tardieu to issue a public' stato liberation of his wife and son.] ment repudiating the offending,
LATER. strange phenomenon of telepathy parages or take the consequen M Bessedovsky has been sentence- he had the sensation that something cez, This cryptic expression wased to 1 year Imprisonment-urile her appened to hidangthonte darete thementes faz interpreted to mean that the French the charge of embezzlement. Theter on the exact day on which abe the service of these great causes and. and German negotiations would be charge of high treason will be furdled. He did not hear of her death broken off
until two days afterwards.
ther investigated:
..
"These ideals of peace, freedom, brotherhood, and social progress it is the special task of the Liberal and democratic movements in exch country to uphold, and young men and women czu to-day choose no finer and nobler outlet for their
of the movements through which alone they can be achieved."
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