HONG KONG DAILY PRESS, FRIDAY, JUNE 5, 1931.
GERMANY'S DESPERATE FINANCIAL STATE
WILL BRITAIN HELP?
BUDGET DEFICIT OF
£100,000,000..
[TEROUGH REUTER'S 'AGENCY.]
BRITISH GOLF CHAMPIONSHIP.
BRITISH HOPE "BLOWN”
AWAY?
JAPANESE LOAN TO DRUG SEIZURE IN
SOVIET
SHANGHAI.
TIWO CONSIGNMENTS VALUED AT £10,000.
[THROUGH AEUTER'S AGENOT:]
CARNOUSTIE, June 4.
VERY NECESSARY, SAYS SOVIET AMBASSADOR.
(TUROVON REUTER'S AGENCE.]
Berlin, June 4.
OBAKA, June 4 A few hours before leaving for Speaking at a gathering of load- Britain, Dr. Bruening and his ing industrialists and bankers at the Osaka, Club at which he was Cabinet completed the task of the guest of honour, the Soviet trying to bring, at least, a tem- Ambassador, M. Troyanovsky, ra. growing Soviet. porary Felief to Germany's, deferred to the
Japanese trade, and outlined the sperate financial position, and it Soviet's programme for the develop now resta with President Vonment of its Asiatic territories. In Hindenburg to decide whether the the Soviet Union, he pointed out, thore were great possibilities for an Government's drastic emergency opening for Japanese machinery; decreo" for raising the necessary ships and other materials. He said the Soviet was ready to place orders revenue will be enforced or not.
to the extent of Bla. 40,000,000 or more and emphasised that any re- strictions placed on Soviet exports would re-act unfavourably upon Japanese exports to Russia.
L
The present Budget deficit is which roughly £60,000,000 to
further must be added a £40,000,000 deficit in the Bud- gels of federal states and cities, details of which the "emergency - decree " is keeping most secrat.
MINISTERS LEAVE FOR BRITAIN.
BERLIN, June 3, The Chancellor, Dr. Bruening, and the Foreign Minister, Dr. Curtius, left for London last night and will stay for the week-end with Mr. Ramsay MadDonald at Chequers to discuss Germany's financial crisis and the question of reparations payments.
The visit lends additional in- terest to the conferenoo at Duessel dorf yesterday of representatives of the West German heavy industries," where the Government's proposals to deal with the situation were severely criticised, It was hinted that the Chancellor should break
M. Troyanovsky added that it was necessary to conclude a credit agreement with Japan similar to the agreements already made with Germany, Italy and other coun trica.
A message dated June 2 stated Negotiations are in progress for granting Y.30,000,000 credit, for a period of 30 months, to the Soviet Government,
The Soviet Ambassador proposes. to purchase electrical apparatus, ironware and steamers from Japan.
(THROUGH REUTER'S AGENCY.].
SHANGHAI, June 4. Customs officers here seized 391 tha. of pure heroin on board the Dutch stonmer Gemma, and 170 lbs. of board the Japanese steamer Durban Maru
h
The total value of the two'hauls
is valued at approximately £10,000,
On board the .. Gemma the drug was cleverly concealed in piece-goods, while on board the 8.8. Durban Maru it was concenJed in barrels of oliven.
Both ships are from Europe.
[UNOFFICIAL " SILVER CONFERENCE SUGGESTED.
SCHEME OF US. SENATOR.
(REUTER'S AMERICAN BERȚICE)
LIMITATION OF NARCOTICS. International Conference,
MOTION REJECTED AT GENEVA.
(THROUGH REUTER'S AGENCY.)
GENEVA, June 3,
The conference for the limitation of the manufacture of narcotics by 13 votes, to 2rojected a motion, by M: Bogomoloff, the Sobiet repre- away from the Socialists and pinsentative, to insert in the draft con- his faith in the Nationalists.
namoly, opium, coca leaves, and Indian hemp besides the narcotic drugs manufacturable therefrom, and derivatives,
vention that the convention should Speakers suggested, inter alia,apply to all kinds of raw materials. that Germany should be released for a year from, all reparations paymente apart from reparations in kind, and that creditor nations should aid Germany to find export market for her industrial pro- ducts.
A message dated May 28 stated that the visit of Dr. Bruening and Dr. Curtius would be to give an opportunity for a frank and per- sonal exchange of views on ques. tions of common interest.
FEDERAL STRUCTURE
COMMITTEE.
INDIAN MEMBERS EXPECTED IN SEPTEMBER,
[BRITISH WIRELESS SERVICE]
Ruosy, July 3, The Secretary for India, Mr. Wedgwood Benn, referring in Parliamentary answers to the 're.. sumption in the Autumn of the Round Table Conference, said that it was hoped the members of the Federal Structitre Committee would reach London at the beginning of September. Questioned regarding the fulfilment of that portion of the Irwin-Gandhi agreement which dealt with the freedom of the In- dian people to purchase British goods when they so desired, Mr. Benn said that clauses six and seven of the agreement were now being generally implemented. There had admittedly boon instances which in the view of the Government of In dia, infringed the agreement, but As a result of official action im provement had been effected.
OIL FIRE IN ROUMANIA.
HEAVY LOSS OF LIFE FEARED.
(THROUGH REUTER'S AGENCY.]
BUCHAREST, June 3.
SALT LAKE CITY, June 3. An "'unofficial" and informal World Silver Conference, under the auspices of the International Cham- ber of Commerce, to be held prefer- ably in London, is suggested by Senator Smoot as the alternative to The purpose of such conference will be to draft definite plans, of which Governments will take cognisance for official action."
According to authoritative circles, while China and Japan favoured the international conference, Bri- tain was opposed to it, owing to the situation, in India and France and, because she lacked dire: in- torest.
TIN INDUSTRY.
REDUCTION OF OUTPUT.
AGREED TO,
BRITISH WIRELESS SERVICE.]
RUGBY, July 3. " The Chairman of the Interna tional Tin Committee makes · the following announcement
At its meeting at The Hague or May 16, the International Tin Committee decided to recommend' that four participating Govern ments should reduce their output of tin by 20,000 tons from the ear- Best date froin which it was ad ministratively possible.
A considerablo number of fatali ties are feared, and enormous dumn- age was done, as the result of terrible oil fire at Moinesti, uenr Nacaou, where several reservoirs and & refinery were struck by light-accepted that recommendation and ning, and exploded.
The entire neighbourhood was transformed into a sea of fames within a few seconds. The inhabit- ante fled, panic-stricken. The town is threatened with destruction.
Firemen, and troops have been rushed to the spot from neighbour now fighting
ing towns, and the flames.
are
RECORD ATTENDANCE AT THE DERBY.
SEPTUAGENARIAN WINS £105,000,
**
[BRITISH WINELESS SERVICE,]
RUGBY, July 3, The last time that the favourite won the Derby was in 1927, Cameronian also won this year's 2,000 Guineas The Derby was run in the presence of the King and Queen, the Prince of Wales, the Duke and Duchess of York, the Duke of Gloucester, Prince George, and Princess Mary, and enormous concourse of people, ke- BL.
TO THE NORTH POLE BY |lieved to constitute a
SUBMARINE.
SIR H. WILKINS SETS OUT
AMBITIOUS VOYAGE.:
[THROUGH RECTER'S AGENCY,]
tendance.
The Royal Party drove to Epsom in three cars from Buckingham Jard and is the procession pass- ONed along the course to the Grand
Stand through dense crowds a mile long the reception given to the King was even more demonstra- tive than usual, for it was not only his first appearance at the Derby since his illness, but it was also his birthday.
Many visitors flew over from France, Belgium, Holland and Germany to see the race.
Lucky Winners.
The four Governments have now
agreed to reduction with effect from Juno 1
ᎠᎦ
The quotas of the four countries as from June 1 will accordingly be follows: Bolivia 28,818 ng tons per annum; Malaya 45,355 Netherland East Indies 25,150, and Nigeria 6,513 tons.
AUSTRALIAN FINANCES.
28% TAX ON UNCONVERTED BONDS.
(THROUGH REVYER'S AGENCY,]
MELBOURNE, Jung 3. The Premiers' conference has adopted a proposal that holders of, the internal debt refusing to con- vert under the new scheme will be subject to a 25 per cent, tax on unconverted stock.
1
OBITUARY.
DEATH OF EX-KING
HUSSEIN.
(THROUGH REUTER'S AGENOT.]
JERUSALEM, Juno 4. Ex-King Hussein (father of King Feioul and Emir Abdulah) died: this morning.
AEROPLANE TRAGEDY.
DO-X FALLS INTO THE SEA.
(THROUGH REUTER'S AGENCY.]
LONDON, June 4, The German flying-bont Do-X has
South America...
INVASION OF KWANG TUNG FEARED.
PEARL RIVER BEING
HEAVILY MINED.
[BY OUR OWN CORRESPONDENT.]
To-day's play eliminates all but left Praia, Cape Verde Islands, for Kat Sher, the Military authorities sixty leaders and those tieing for the sixtieth place,
-
T. Wine, one of the British hopes, after a disappointing stait went out in 30. The breeze freshened during the last nine holes and, it rormed that the British chances would be
blown " AWRY..
LATEST RESULTS,
Jose Jurado Tommy Armour Joe Kirkwood.. T. Wine.. Big Whitcombe
71–147 75-148 15-150
78-1
EXTRALITY IN CHINA.
DETAILED STATEMENT NOT
YET AVAILABLE,
[BRITION WIRELESS SERVICE]
Լի
Ponto PRAIA, Capo Verde,
June 4, The Do-X has fallen into the sea sixty miles from Praia
SUNDAY ENTERTAINMENT
BILL
COMMONS TO DISCUSS IT SHORTLY,
[DRITISH WIRELESS SERVICE)
RUGBY, June 4. Amendments to the Sunday Per- formances Regulation Bil, which have the approval of organisations representing employers and work. ers in the theatrical fadustry, will bo considered within the next few days by the House of Cominens Committee, to which the Bill has been referred.
CANTON'S WAR LOAN.
STRONG OBJECTION BY CHAMBER OF COMMERCE.
[FROM OUR OWN CORDESPONDENT.]
CANTON, June 4 Pity the landlords of Carton I Another month's rontal is being taken away from them to swell the war chest to enable the local mili- thry leaders to carry on war with the North. As a receipt for the rental the Government is giving
CANTON, June 4 Fearing a naval attack by Chinng' are mining heavily both the Fumein Pass on the Pearl liver and the entrance to the harbour of Swatow. General Chen, Tani Tong sent Captain Wong Kam Taan to Swalow yesterday to direct the work.
The laying of mines at Fort Booo Tigris was made under the direction of General Chen Hing them bonds of supposedly equal Wan, Commander of the Fort. value. It does not matter whether Vessols, both foreign and Chi- the property owner likes it or not, nese, have been warned of these he is forced to take up his precautionary menures.
The Police are every
Reports "arn current hore that quotD. Chiang Kai She's troops are inst where demanding money from the marching into Kwangtung from The Fukien, Kiangai and Hunan battle fleet of Nanking under Admiral Yang Shih Chuang is also reported moving towards, Swatow.
GENERALS ON THE MOVE.
(Wah T Fat Pao.)
tenants, for which bonds of equal face, value are given, with the in struction that they should give. these huis to their landlord in lou of the usual roat.
Pity the bankere and general merchants in Canton ! who aro being forced to buy bonds to the extent of 82,000,000! The Revolu tionary Government here has just deereed that the merchants in Can ton and Bwatow, and their respec CANTON, June 4tive Chambers of Commerce, should Generals Poi Chung Hsi and pay $2,000,000 and 83,000,000 in Chang Fat Fui left Canton yoster- silver, respectively, to prosecute day afternoon for Hong Kong the campaign against the Musso- whence they will immediately pro lini of China," coed to Kwangsi.
Subject to certain conditions the Bill permits local authorities to licence halls for musical and cinema tograph exhibitions on Sunday.
It has been opposed by those who Buor, July 3 object to Sunday entertainments of General Li Tsung Jen, one of the Regarding the Extraterritorial all kinds, and by those who claim Kwangsi "big four," is remaining that theatrical and variety enter at Canton temporarily in order to ity negotiations in China, Mr.
tainments should be brought with-participate in deliferations on Henderson said that Sir. Miles in the scope of the Bill. It is bo- military affairs with the other Lampson had reported that pro-lioved that the amendments now leaders of the National Govern gross had been made in several drafted may have an important ment.
bearing on the future of the mea- points, but he, (Mr. Henderson) was not yet in a position to make a detailed statement. When asked whether it was clear that Britain would in no way be committed before the Treaty was brought be- fore the House, the Foreign Secret Populations of more than CASH MUST BE REMITTED
tary said that there must be a cer- tain form of commitment before any Treaty could get thus far, but there would be opportunity for a ful debate before ratification.
R.M.S.P. CO:'S LIABILITIES.
DO NOT INCLUDE · COMMON. WEATH SHIPPING LINE.
(BRITISH WIRELESS BERVICE].
·
The amendments, which are put
ent Conservative and Labour niem-
forward in names of some promin CUSTOMS CHANGES bere provide that theatres, as well na cinemas, may be opened on Sundays and that district councils,
20,000, ̄ may decide the Sunday entertainment question" in their own areas and that there shall be a six-day week for workers em- ployed.
"AIR" TRANSPORT SCHEME..
QUESTIONS IN COMMONS.
(DRITISH WIRELESS SERVICE]
DEMANDED.
TO CANTON.
{FROM 'ÓÙR OWN CORRESPONDENT.]
The
The Government has further do- creed that each bank in the city shall take up bonds to the extent of 10 per cent of its registered, capital. For all other frus the quota is 5 per cent,
The General Chamber of Com merce of Canton held a meeting yesterday to discuss the matter, at which over 50 persons representing the various merchant guilds were present. These merchants strongly protested against such a measure to raise money for war purposes de.. eloring that "the general business depression does not permit them to comply. They pointed out that in the previous War Loan, bankers and general merchants in the city. had, to take up bords only to tho extent of sand per cent, of their registered capital respectively, and they saw no reaso" why they should be made to contribute practically twice that amount at present.
..
EXCHANGE RATES.
[DRITISH WIRELESS SERVICE.]
CANTON, June 4
The Canton Chamber of Com National Government in merco has to day written to the Canton is taking steps to control Department of Finance on behalf the Chinese Maritime Customs of the merchants in Canton, asking throughout the country, a source | for a substantial reduction of their of huge revenue, Mr. Tang Chiu allotted quotas. Yam, Minister of Finance of the Canton régime, "wired to-day to Mr. F. W. Maze, Inspector-General of the Chinese Maritimo Customs Roosy, July 3.
at Shanghai, "instructing him to "At question time in the House move his headquarters to, Canton of Commons to day the Foreign and stop remitting money to the Secretary, Mr. Arthur Henderson, Nanking Government. The Inspec RUGBY, July 3.
stated that during his recent visit tor-General is given 24 hours to Asked us to the position of the ic Goneva he was able informally wind up and sever his connections Government of Great Britain into refer to the Naval negotiations with Nanking. All the money col- in conversations with his French lected, according to the order of relation to the failure of the Royal and Italian colleagues, but he was
the Ministry of Finance. Centon,: not in a position at present to Mail Steam Packet Company to
must hereafter be turned over to meet in cash its liability for the make a further statement.
Regarding the suggest that the the National Government here and purchase of the Commonwealth World Disarmament Conference not to Nanking. Shipping Line, Mr. Pethick might consider a measure to in- Lawrence, Financial Secretary to ternationalis air transport, Mr. Henderson said that the Sub-Com» the Treasury, replied that neither mittee of the Imperial Defence. the British Government nor the Committee was engaged on the con Royal Mail Steam Packet Com sideration of the problems connect- ed with that and added that the pany had any liability in connoo tion with the purchase of the Ship-Government was in touch on all WORK PROCEEDING RAPIDLY. ning Lane front the Australian such matters with the Dominions, who would be soparately ropresent- Government, which, was carried out
ed at the Conference. by the White Star Ling in accord arco with the agreement dated April 25, 1998.
He was informed that up to the present date all instalments of the purchase price, together with the interest in terms of this agreement, had been duly met.
CONSERVATIVE M.P. .RESIGNS.
(BRITISH WIEKLESS BERVICK]
RUGBY, July 2 Mr. J. A. Tinner, Conservative member for the Wavertree Division cf. Liverpool, has applied for and has been granted the Chiltern Hun- dreds, thus necessitating a by election.
MR. SNOWDEN FULLY RECOVERED.
· [BRITISH WIKELRES BERVICE]
Ruony, June 4. The Chancellor of the Exchequer, Mr. Philip Bowden, has now sul- fciently recovered from his setback in health following overwork, after, his recent operation to return to his fall duties,
NEW LONDON (Connecticut),
June A
Ex-King Hussein co-operated Escorted by a destroyer and
brilliantly with the Allies against seaplane and saluted by shrieks
the Turks during the Great War. from the sirens of surface craft,
In 1016 he proclaimed, at Mecen, the ex-uaval nabmarine Nautilus,
(THROUGH REUTER'S AGENCY.] the independence of Arabia, and in which Sir. Hubert Wilkins, who
LONDON June 3abdicated in 1024 when faced with "18" aboard; intends to cruise" under- the sea to the North Pole, loft at. Two Cameronian tickets in the a hid for power by Thnsaud, the noon for Province Town, Mona Calcutta swoop, each worth approx-Sultan of Neld, who was proclaim chusetts, when after a brief test sho imately £105,000, are held respec ed King of Hedjaz in 100 Ex will leave for Spitsbergen, thence tively by Mr. David Dunn Bryson, King Hussein, who was seriously: He attended the usual weekly for the north-east coast of Green a 70 year old. London Merill, was a refuge in Cyprus, but Tand from where the dash to the chant, and Mr V H Marks, of weat to Amman when his illness Pole will be made?" Gwen en Birminghamg, pot
became worse.)
Cabinet meeting yesterday and to day intends to take his place in the House of Commons,
3
LONDON UNIVERSITY'S:
NEW BUILDING.
ARCHITECT APPOINTED.
[BRITISH WIRELESS SERVICE]
RUGBY, June 4. At a meeting, yesterday, of the Court of the University of London, Mr. Charles Holden was appointed architect of the University's new buildings in Bloomsbury to the north of the British Museum, The cost is estimated at from £2,000,000 to £3,000,000.
ART EXHIBITION.
FRENCH GOVERNMENT
-REVERSES-DECISION,
[BRITISH WIRELESS SERVICE)
KOWLOON-CANTON TELEPHONE.
(Wak Tsi Yat Pro,)
CANTON, June 4. According to a spokesman of the Canton Municipality, the work of laying underground wires in connec- tion, with the long distance tøle- phone service between Canton and Hong Kong is proceeding rapidly. and the long distanco telephone is expected to be ready for service st the end of July.
The work on the Chinese section of the line has been completed from Canton to Chang Mo Tao, af station on the Canton-Kowloon Railway, while the work on the British section Irora Kowloon to Shumchun is also progressing.
EX-OFFICER FINED.
FOUGHT IN FRANCE BEFORE
HE WAS 18.
Rugby, June 3.
'Paris New York Brussels Genova Athena
124.223
4.88 21/32
34.041
25.081
375
Amsterdam
12.00
Milan
02.071
Berlin Stockholm
20.401.
18.15
Copenhag:n
18.10
Osla
18:10).
Vienna Prague
34.02
164
Helsingfors
1931
Madrid Lisbon
BO!
1101
817:
339/16
1/5 25/32
1/2
12/-1
12 5/16 121
Bucharest
Eirí
Buenos Aires». Montevideo Bombay Shanghai Hong Kong Yokohama.... Silver, Spot
Forward
THE VERDICT WILL
BUT THE CORONER NILALAUDISAGREED,
A lovera quarrel which ended it! a man throwing himself under train was mentioned at an“ “Aber-" gavenny Mon, inquest recently ou Francis Ernest Price, aged 21, 4 labourer: Suicide, without evidence. to show the state of mind, was the verdict
BAS
lla Thayers, a housemaid, agid that when she fold Price she did not Harold Frederick-Davies-aged want to see him again he dragged 33, an ex-officer salesman was no her to the road and tried to tie a cused on remand at Marlborough handkerchief round her neck. She street Polios Court to-day of obtain screamed and other girls came up ing £30 by false pretences from the Ho then said "If it is true what Grosvenor House, Park Lane, Ltd., you say, "I am going to throw my- with intent to defraud; and with self on the linea! 694 G Itugby, June 4. obtaining the money without dis. That was the hast she saw of him, The Daily Telegraph states that closing that he was an undischarged The Coroner said that in a letter as the French Government has re-bankrupt
Price said There has been trouble He was fined fo on the wond betweenzmyself and the giri: versed its decision to prohibit the Louvre authorities from contribut charge. The first charge was with ing substantially to the projected drawn, exhibition of French art in London It was stated that Davies went to that the exhibition will take place France during the war, before ha as originally planned in January was 18. He was wounded and had
next.
Asholl-shock
I am going to end my Me. verdiet will be suicide while of un sound mind.
The Coroner said he did not egres with that. Frace, and deliberata
taken his