BRITISH SHIPPING PROSPECTS.
LORD INCHCAPE PAINTS DISMAL PICTURE,
(THROUGH REUTER'S AGENCY.]
LONDON, Dee. 10.
GOLD PRODUCTION BONUS.
SOLVING AUSTRALIA'S ECONOMIC DILEMMA,
(THROUGH REUTER'S AGENCY }
CANBERRA, Dec, 0.
To the House of Representatives,
HONG KONG DAILY PRESS, THURSDAY, DECEMBER 11, 1930.
COTTON PRICES
SLUMP.
EGYPTIAN GOVT. CLOSES
“FUTURES” MARKET.
TIROVÓN REUTER'S AGENCY.)
Catno, Dea. 0.
It is reported that the Govern
'LATER.
DOLLAR LINER LAUNCHED.
MRS. HOOVER CHRISTENS "PRESIDENT HOOVER.".
[RENTER'S AMERICAN SERVICE]
A cotton expert, in an interview, tons, and will cost when completed expressed the opinion that tho£1,000,000.
NEW YORK, Dec. 1. Lord Inchcape, presiding at the
Mr. Hoover broke a bottle of annual meeting of the P. & O. in moving the second. reading ofment intends temporarily to closerine collected from the "Seven Company, said that he had never the Gold Bounty Bill, providing the cotton "futuros" market owing Seas when she launched the big known trade to have been so bad bonus of £1 per ounce for all gold to the continued sharp decline in Dollar liner President Hoover" as during the past few months. produced in Australia in excess of prices.
at Newport News to-day. The disturbances in India, the cor the average yield of the years 1920-
The new vessel displaces 33,500 ditions in Australia, the civil war 1930 and 1900-1001, Mr. Forde, in Chin and the severe, fall in the Minister without partfolio,,asid that sterling value of the dollar and taclio past' crises gold had proved
She had seriously affected shipping. Australia's salvation.
was Three hundred and sixty-eight again looking to gold to extricate British ships, aggregating aton her from her economic dilemma, nage of 885,000, were laid up on and stopa would be taken immedi- October 1, and the prospects ofately to extend operations in Aus shipping were far from being bright. | tralian gold mites.
The Company's ships last year had run 780,000 miles less than in 1920, cargo had fallen by 1,000,000 tons, and patcngers and animals carried had each dropped by 50,000,
Lord Inchcape concluded his. speech by dwelling on the accessity for a reduction of taxation and. production costs.
TRAIN WRECKED IN MANCHURIA,
tend
FIGHT BETWEEN BANDITS AND POLICE.
FLIGHT TO AUSTRALIA
COMPLETED.
LIEUT. HILL ARRIVES AT PORT DARWIN,
..
[THROUGH NEUTER'S AGENCY J
fall of cotton prices had probably reached bottom.
AMERICA.
He doubted the Government's ECONOMIC DEPRESSION IN rumoured intention, as this could not afford a remedy while Liverpool was open.
He attributed the present fall to the fixing of the prices of cotton sold on call last September, com. bined with the fact that the demand for Sakellaridis is only half what it ought to be, while the demand for Ashmouni is well maintained.
The Govertiment views the situa- tion seriously, and has requested the Under-Secretary of Finance to leave for Alexandria to investigate immediately and to report on the
Alexandria Stock Enough For Requirements.
PORT DARWIN, Dec. 10. Flight-Licut Hill, who had ex-position perienced bad luck when on the verge of broaking Hinkler', record flight from England to Australia, to-day completed his flight, roach ing Port Darwin from Sourabaya.
PRES. HOOVER DENOUNCES
· EXTRAVAGANCE, ·
[REUTER'S. AMERICAN SERVICE]
WASHINGTON, Dec. 0. The auxiety. felt in political circles over the present économie depression is signified by the fact that proposals, calling for a total expenditure of G.35,500,000,000 for relief work, have been advanced in Congress during the past week, Although President Hoover, in his annual message to Congress, only asked for G.8150,000,000.
President Hoover has now issued CAIRO, Dec. 10.
a scathing denunciation of Con. The Government's rumoured in-gressional extravagance and waste tetition to close temporarily the of money. cotton "futures" market arose, apparently, from the Government's helief that the fall in the cotton WORKING HOURS. IN COAL prices was due to "bear"
opera-
MINES.
ANGLO-POLISH DISCUSSIONS.
[BRITISH WIRELESS BEHYICH]
RUGMY, De 10.
InNOUGH REUTER'A ADENCY ]
TOKYO, Dec. 10. A train which left Chenclatun, Manchuria, yesterday afternoon, was derailed and overturned 30
Hsupingkai miles from
when bandits removed a section of the rails.
Chinese police hurried to the scone of the mishap and fought a party of 70 bandits, whom they A considerable measure of agree found looting the wrecked train. ment has been renched in the
Later, a
train with reinforce discussions of the last two days be- ments was sent from Haupingkai | tween the Secretary for Mines, Mr. and brought back all the passen-Shinwell, and the representázives gers, one of whom was seriously in-of the Polish Government on the jured,
proposed international Convention The police suffered eight casual-on working hours in coal mines. tics, all wounded.
The Polish representatives _BC- The bandits took all the pas cepted the view put forward by Mr. sengers' money and valuables. Shinwell that hay, agreement be
Trafic has been suspended pendbaren the British and Polish min- ing a clearance of the débris,
MUKDEN WAR LORD.
RETURNING ΤΟ
MANCHU
CAPITAL IMMEDIATELY.
(Wah Fat Fat Pro:)
TIENTSIN, Doc. 10.
ing industries to be of advantage to Britain must include Germany,
Mr. Shinweli promised that he would endeavour to secure a pre- liminary conference between the; Rritish, German and Polish owners as soon as possible.
Boal Miner Reorganisation
Commission.
Sir Ernest Gowers is to be
up
Wrong Road to Prosperity. He says: Prosperity cannot be restored by raids on the public Treasury.
DISARMAMENT COMMISSION.
CHINESE DELEGATE'S BRIEF SPEECH.
[THROUGH ITER'S ADENITY}
GENEVA, Dec. 8.
ROUND-TABLE CONFERENCE.
BURMA SUB-COMMITTEE'S CONCLUSIONS COMPLETED.
.
(THROUGH REUTER'A. AGENCY.]
RUBBER INDUSTRY'
BILL.
RESEARCH ASSOCIATION
CONTRIBUTIONS.
{THROUGH REUTER'S AGENCY.]
LONDON, Dec. 10. The text has been issued of tho
lubber Industry Bill, providing
that all rubber manufacturers in the United Kingdom and Northern Ireland shall contribute a sum noţ exceeding one-twenty-fifth of a pony per pound in respect of all rubber they use in order to place the British Rubber Manufacturer'
Report on Burma. The Burma Sub-Committee has now authorised its Chairman, Eart Russel, to embody its conclusions in a report for presentation to the main Committee next wock,
The general sense of the Sub-Research Association on Committee was to-day expressed, basia. favouring a resolution asking His
The operation of the Bill is Majesty's Government to make pub. limited to five years, and the con- tributions are to average £15,000
a
sound
LONDON, Dea 9. Again very satisfactory progross Dr. Woo Kai Seng, 'representing was made by the Sub-Committees China, in the course of a brief of the Indian Round Table Con speech at the closing of the Freference to-day. paratory Disarmament Committee's session, declared that China had a | clear opinion as regards disarma- meat and peace and would formu late it at the General Conference. The radical and moral.causes which led to war must be suppressed.
Compromise Text of Convention."
A compromise text, to which M. Lunacharsky asrented. reads: "Esthonia, Finland, Latvia, Poland and Roumanis made adhesion to the Convention dependent upon certain conditions The Committee ed by the separation of the two | INSOLVENCY DUE TO WELSH decides to reserve examination of countries.
COAL DEPRESSION. this proposal for a futurs Confer-connexion that the Government It should be explained in this
preserve an open mind regarding the nature of Burma's future con- stitution and that the mattor will fall to be considered by a Round Table Conference which it has heen suggested should meet in London for this purpose at a later Heer Loudon (Holland), the date and at which it is contem Chainman, in closing the proceed-plated the representatives of all ings, appealed to the delegates to classes and interests in Burma. impress on their Governments to would have a chance to express 1060 no time in convening the Con- freely their opiniona on 'the 'con- ference.
stitutional issuo,
c announcement regarding the accoptanes of the principle of yearly. soparation and shuting that the prospeta of the constilátinal SIR BEDDOE REES IN THE advance of Burma, ne a part of Government, will not be prejudic. British India, towards responsible BANKRUPTCY COURT.
ence,'
The
Proceedings Olosed.
Preparatory Commission after Ave meeting then closed weeks of deliberations,
The next step is the calling of a General Conference.
[BRITISH WIRELESS SERVICE] Draft Convention Completed.
Ruany, Dec. 10. The Preparatory Commission on Disarmament, after over four years' tions, but the experts attribute the fall in the price of Sakellaridis, to Recalling that pending legislation intermittent labour, last night eam- the fact that the 2,000,000 kantars will impose an additional burden pleted its draft Convention. Into of Sakellaridis cow in Alexandria |of G.84,500,000,000 above the sums
This framework the World Disarm nre enough to meet the whole of asked for in the Budget Measure
ment Conference, when it meets, the normal requirements for the (only G.83,033,000,000) the Presi- will be invited to insert effective senson, while two-thirds of the dent says that the Budget contain-proposals, for disarmament. Sakellaridis eren have not yet ared the maximum expenditure the rived; but Ashmouni cotton is moving off satisfactorily, and the price is being well maintaineds
SECRECY IN SUGAR CONFERENCE.
PROPAGANDA FUND TO BE CREATED.
(THROUGH RIVIER'S ADENOT.]
BRUSSELS, Dec. 9. Representatives of Great Britain. Polnád, France, Hungary, Italy, Cuba, Belgium, the United States, Czecho-Slovakia, Germany and Java are attending the Conference, the purpose of which is to stabilise the world sugar market, and which
Chairman of the Coal Mines Re-opened to-day. organisation Commission set under the Coal Mines' Act to fur- In a statement, Chang such ther the reorganisation of the rain Liang said that he originally de-ing industry and to promote amal- undertakings gamations cided to leave for Peiping, but on account of some important affairs, when thig is in the national in-
he had to retuša bo, Mukden in- mediately.
He will visit Peiping as soon as he has the time to spare.
His headquarters, be added, will be established at Perping.
JAPAN'S MINISTER OF WAR.
RECOVERS FROM ILLNESS
• AND RESUMES,
(THROUGH REUTER'S ADENOY.}' ·
TOKYO, Dec. 10.
General Ugaki, who has been ill
for a long time, has resumed his duties as Minister of Way.
terrat..
anong
Sir E. Gowars in vacaling his present post of Chairman of the Board of Inland Revenue to preside over the Commission. He was for
many
rears Permanent Under Secretary for Minos.
FIRE ON EMPRESS OF SCOTLAND.
TOTAL DESTRUCTION FEARED.
+
The President enjoined the "Birictest secrecy on the dele gates. which means, therefore, that the proceedings will be privates
Three Committees were appoint- ed to deal with the agenda, stocks and statistics, respectively.
The Conference will consider the formation of a Permanent Commis ion to carry out the decisions of the Conference and also the crea- tion of a propaganda fund with a view to increasing tho consumption of sugar throughout the world.
It is understood that Poland and Germany are requesting a large increase in their exportalion quots.
RETAIL. PRICE OF TEA,
FOOD COUNCIL TO REPORT.
[THOUGH RESTER'S AGENOT.] ·
LONDON, Dec. 0.
یا
[BRITISH WIRELESS SERVICE.]
Ruany, Dec. 10. The former passenger liner Em- He is regarded as the possible press of Scotland,
In the House of Commons, at 25,000 tona, leader of the Minsoito in the coming which arrived at Blyth, Nerthum question-time to-day, Mr. W. J. session of the Diet in the event of berland, in week for dismantic- Womorecloy (Con., Grimsby) sug- Mr. Hamaguchi being unable to atment, caught fro during the might gested an investigation into whe tend.
and her total destruction, is fearod.thor the retail price of tea reflects The outbreak is believed to have the reductions in the wholesale been caused by a fused cable,
Premier's Condition,
Mr. Hamaguchi is progressing towards health, but it is doubtful whether he will recover his strength euthiciently to face the arduous duties of Government leader in the next session of the Diet,
DEMONSTRATION AT BERLIN.
CINEMA FILM AROUSES
- OPPOSITION. .**
[THROvon NEUTR'S ·AOZKOY,]
There was some danger of the Bero blaze exploding the fuel tanks, although three brigades on land and four Augs poured water
into her.
Firenen wearing masks neverthe. Pless bourded the vessel.
FOREIGN ENGINEERING
CONTRACT,
GLASGOW FIRM OBTAINS ONDER
pries.
Mr. William Graham replied that the Board of Trade had not sufficient evidence to enable the expression of a considered opinion, but he was asking the Food Council to report on the matter.
In answer to a supplementary question, Mr. Graham stated that there was a lng between the whole- enle and retail prices This and the coupon system would" be very fully investigated.
LATVIA COMMUNIST TRIAL.
(TAKOVAR NEITTRE'S ADENCY.), · [DUITISH WIRELESS BERVICE]
LONDON, Dec. 0.
RIGA, Dec. 9. To face of keen international The trial has ded of 2 Com- competition, important contracts muniste charged with subversive last night led to repeated collisions for eight huge boilers bave been activities in Latving
BERLIN, Dec. 9.
A demonstration against the film
All Quiet on the Western Front
Government could make without an
increase of taxes, and tax increases would fall upon the farmers and
the workers,
Some organisation," he do elares,
is playing with politics at the expense of human misery, and Americans must not be misled by such tactics, man
The Senate, meanwhile, pass ed a Bill authorising a grant of G.$30,000,000 for the relief of the farmers in the areas stricken by the recent drought..
AMERICAN BANKS IN DIFFICULTIES.
(THROUGH RIUTER'S AGENCY.].
NEWHAVEN (Conn.). Dec. 6.
It is reported that the State Back Commissioner bas ordered the Citizens Bank and Trust Company to suspend payment of deposits, owing to a shortage of bank
reserves.
The lack of cash is due to the withdrawal of from 20 to 25 per cent of the bank's commercial deposits in the past month,
The Citizens Dank and Trust Company was incorporated in 1921 with a capital of G.$140,000
Baltimore Banks Close,
BALTIMORE, Dec. 9.
It is stated that the Chesapeake Bank has notified that it is in the bands of the Bank Commissioner.
Two of its branches in Baltimore have closed their doors.
ANGLO-AMERICAN
WAR-DEBTS.
· NO NEGOTIATIONS FOR RE-
ADJUSTMENT...
L
The Commission' also approved the detailed report explaining the evolution of each of the clauses and the reasons for the reservations attached thereto.
(THROUGH REUTER'A AGENCY.]
LONDON, Dec. 0. The depression in the Walsh coalfields is blamed for the violent financin) reverses suffered by Bir Beddoo Rees. former Member of Parliament for South Bristol, whose public examination concluded in the Bankruptcy Court to-day,
The statement of his affairs showed liabilities totalling £416,081, of whish £287,343 are unsecured, while the assets are calimated at £7 48. 10
The Committee confirmed the con- olusions provisionally adopted at The debtor attributed his insolv its earlier meetings on the proteeeney to the fall in the value of his tion of minority intereste, the fin- shareholdings in the Welsh com- ancial settlement between India panies with which he was closely and Burma, Burmese defence, the associated. scientific services of the Govern continued use by Burma of certain ment of India and the desirability of a Trade Convention between the two countries.
Federal Legislation.
In the Federal Structure Sub- Committen, the greater part of the time to-day was occupied by an or foderal important discussion legislation.
The Princes further "explained their views, emphasising that they, like their follow-Indiens, had only one ideal, namely, 12 united India with a Government of India by Indians.
During the speeches, Lord Cecil laid particular emphasis on the point that the scheme as drafted contemplated no finality. The first Ccaferance and the first advance were only the prelude to greater
Hitherto the Staten have shown advances later. They had created fieved to be of the greatest value al legislature to which units of the a piece of machinery which ha be preference for a unicament feder- of disarmament, federation would send repryconta-
tives. Within the framework of the Contint if one House was unaccept They to-day announced
to the
Cause
vention the Conference would be
able to carry out agy degree of able to British India they are
accept the prin disarmament whatever. They were prepared to going to bring into existence an ciple of two Houses, and that Bri
tish India could take the choice. international organ whose duty it would be to watch over what they had done and press forward con-
beyond his means and had nover He said he had never, lived gambled or speculated.
UNEMPLOYMENT INSUR- ANCE SYSTEM.
ROYAL COMMISSION
APPOINTED,
(THROUGH REVIKI'S AGEN01.)
LONDON, Doc,
The Prime Minister, Mr. Ramany MacDonald, in the House of Com mong to-day, anrkunged thei, ape pointment of a Royal Commission to onquire into the unemployment insurance system.
The Commission will begin its sonuel does not include the direct labours immediately, while the per- representatives of enter employere
or the workers.
is
The President of the
Commission
On the assumption that there Judas Holman Grégory, of the
were two Houses, the States would tinually to further advances. Al- come into both, but as equal co though the next word was with the partners, desiring an equal voice, In the event of a dispute and a con- Council of the Lengue, the last
sequent joint session between the word would be with the peoples of the world. The Preparatory Com-two Houses, the States asked that mission had given them in the draft the matter by settled by a majority Convention a great opportunity. of not less than seventy-five per The world could be disarmed if the cent. Although the States are not The question Prepared to part with their sover- people wished it. they would have to solve in the ignty, they did not expect the next few months was, did the people Frovinoce to part with the asset of The question thus shapes Itroll wish for disarmament? Only they uniformity in legislation,
into how to preserve uniformity could ansiver that question.
in legislation without invading the States sovereign rights.
and City of London Court." Judge Gregory was Liberal M.P. for South Derbyshire from 1916 to 1922, Recorder of Bath from 160
to 19% and of Bristol from 1924 to 1929,
OBITUARY.
BART KENNEDY.
[JIXOUGH REUTEL'S AGENCY,],
LONDON, Dec. 2. Mr. Bart. Kennedy died in a mental hospital at Hayward's Heath.
"Something Accomplished." Under the heading "Something
The suggestion of the Princes was Accomplished," the Times, in a
The deceased had been most de leading article, says it is easy to that the laws passed by the Federal deride, the Commission, because in Pody should be ratified by the re-pressed since the death of his wife. fast the nations of Europe have in- spective States Legislatures. The three years ago, and he was taken
to mental home last August, creased rather than diminished States had been enacting their own their armaments while its labours laws, and it was, therefore, a mnt- were proceeding. But for thatter of sontiment that they should clearly the cuvoys and experts at have a chance of passing the legis- Geneva are not responsible, and lation themselves. the various Governments at home- have at least had the excuse that until some general plan was ap: proved each had only to consider its
own position. That excuse is now withdrawn. The first step hes been taken. The League had drawn Ep & scheme by which disarmament may be achieved equally and simul taneously, and has criteria by which each country may know that the reduction made by others is equivalent to its own
established
(THROUGH BRUTER'S AGENCY.]
LONDON, Dec. 0. Whon naked in the House of Commons whether any negotiations were proceding with the Govern meat of the United States of
Those who remember the early Americà on the re-adjustment of
dissensions in the Preparatory Com war debts, the Chancellor of the mision and the complete divergence Exchequer Mr. Philip Snowden, rf-of opinions on first principles must plied: "No," siri”
LEVEL CROSSING TRAGEDY IN LENINGRAD.
TRAMWAXMEN AND RAILWAY. MEN SENTENCED.
{THROVON REUTEN'S ADEKOR.]
Moscow, Deo, Sixteen tramwaymen and railway. en charged with negligence in connection with the terrible level crossing accident a week ago, when a train crashed into a loaded tram, killing 23 passengers, were, convict
with the police, who were obliged given by the Copenhagen Muni. Seven, who belonged to the Cen- to charge with their rubber truncipality to the Stirling Boiler Comtral Committee of the Communist cheous and fire two warning shots. pany, Limited, of Glasgow, Party, which is illegal in Latvia,
Two constables were injured by The boilers are required in con.were sentenced to seven years' harded to-day.
naction with
With Copenhagen's new labour.
Ta Nazi member of the Herch
stag, Dr. Fabricius, was arrested
for obstructing the police.
There were 13 other arrests.
10,000 kowa nower plant, the fourteen osaltaped to thyolyn monredrichs contract for which, went recently of hard labour varying from four
to Messrs. Parsons, Limited, of years to one year.,
Newcastle.
Eleven were sequitted.
Eight were sentenced to ten
The others received Coblenoca varying from and to five years” imprisonment,
now feel that in-spite of the excur sions and alarms elsewhere the co operative principle has made some real progress.
Who's Who contain the follow ing particulars of the late Mr. Bart Kennedy-Bora at Leeds on Merch What amounted to a pledge was 9, 1931, he picked up an education given that Federal Laws would in in knocking about the world. He was a half-timer at six years of age fact be passed by the Stites.
Such procedure did not, however, in a cotton mill, and worked up till appeal to the British Indian dele
the age of 20 in mille and machine gates and tho matter was left open, shops in Manchester. He then went In the view of the Sub-Com-to sex hefore the mas He had mitte, the Federal Legislature been a labourer and a tramp in the should be considered the primary United States, and had lived and Legislature of India, constructed fought with Indians. He went to and constituted in relation to the Klondyke and mired for gold jong before the gold rush in the Yukon, federated units.
An opinion was expressed that He had also been an opera singer. policy and legislation were the and an autor, and had been a good which the deaf round about the world. He main directions in utmost power should be given to drifted into writing, his publica the Federal Government
tions including - " Darah's Wine Regarding administration, the Cup, The Wandering Romanoll," Suites took the vioy that the A Man, Adrift," A
Sailor Federal Government be confined to Tramp," the exercise of general supervision. and the hope was expressed that there would be no residual abject in the sense of their being centrul British Indian subjects, as distinct from Federal subjects,
"Londen in Shadow," A. Tramp in Spain," "Slavery," "The Green. Sphinx," "TA
Tramp Camp," "Wander Pictures," "The German Danger ""The Hunger FOG IN BRITAIN,
Line," "A Tramp's Philosophy "The Vicissitudes of Flvan." The FLARES GUIDE TRAFFIC.
The Bub-Committee is now vir Human Compass," "The Voice in. tually ready to begin discussion of the Light, Soldiers of Labour,** [BRITISH WIRELESS SERVICE.)
the difficult question of the consti-Thought Coin Brain Waves tution, character, powers and rej Ruary, Dec. Snow fell in several districts to sponsibilition of the Executive, and day, while elsewhere, and specially will probably take
and around hondurende deg early next wook continued.
It is generally agreed that the Intoming trains were delayed and progress mados highly antising to the individus choice of the fares had to be lit to guide traffeters and beyond the expenintiau Provinces, and the general: shee
of the dolegates of a week ago.
was in favour of the lattor: course.; The Provincial Constitution Sub- The Committed adjourned until Compiutes during to-day's meeting. Teldez, when a draft concurs, ill diamused when can auto-considored-preparatory
in the streets.
Thres deaths are reported in fog
"Golden Grean," and he was the founder and proprietor of "Batte this ribject Broadsheet."!
At Nottragban, racfbg was when donod deing to frost and tight should be set up by statute, or left sentation to a general meeting (Continued at foot of next column.) I the Conference early next week,
fog.