FINANCIAL CRISIS IN GERMANY
FEARED.
REICHBANK DIRECTOR ASKS BRITISH BANKS FOR
IMMEDIATE LOAN OF £50,000,000,
GERMANY MUST NOT USE ECONOMIC HELP AGAINST HER HELPERS.
{THROUGH REUTER'S_AGENOT.]
!!
LONDON, July 9. The Reichsbank President, Herr Luther, arrived at Croydon by air, to submit a proposal to British banks, particularly the Bank of England, for a loan of £30,000,000 for Germany, which it is essential for Germany to receive' promptly.
[URITISH WIRELESÐ SERVICE]
Rudny, July 9: The next steps for giving full effect to President Hoover's pro, posal are now under consideration, „and arrangements are proceeding for a meeting in London, on July 17. of experts of the principal signatories of the Young Plan,
Meanwhile newspapers emphasise the importance of Germany's atti tude, and the question of whether she is going to take measures to assist in the pace of the goodwill revival of Europe is discussed.
The Times, after referring to Mr. Snowden's statement that ne ceptance of President Hoover's proposal had created a somewhat ecrious budgetary position in this
Bomething More than "Sentiment" Required.
[THNOJOH KESTERʼḤ AGENOT.}
-BERLIN, July 8. Something more substantial that "sentiment" accounted slump on the Bourse to-day," name
for
"
confirmation of the collapse of the Norddeutsche Wool Company, the total loss in which is believed to be two hundred million marku.
The Government has issued" a decree signed by President inden burg and the Ministers of Finance and Economics, validating banking and industrial concerns for the gold marks credit of Mks.300,000,000. .-
HONG KONG DAILY PRESS, FRIDAY, JULY 10, 1931)
AMERICA - JAPAN NON-STOP
FLIGHT
AVIATORS PASS OVER NOME.
'PLANE REFUELLED AT
1,000 FT. V
(THROUGH REGTER'S AGENCY.].
FAIRBANKS, Alaska, July 9. Robins and Jones, who are at tempting a non-stop flight to Tokyo from Seattle, arrived over Fair banks for the first refuelling.
+1
LATER.
The 'plane. Fortworth arrived here near scheduled time, and re- fuelling of the plane was Success- fully carried out.
A contact was established at a height of 1,000 ft, and several hun. dred gallons of petrol were trans- ferred to the Fortworth, Weather reports were given as the two machines circled over the town,
It is expected the refuelling plane will pick up more petrol at Solomon and accompany the Fort worth noross the Behring Sea for the second refuelling.
NOME, Alaska, July 9. Decline on German Bourse.
The Fortworth has passed over The decree, which is being co-here and is now hending over the
Behring Sea. forced immediately, is intended to strengthen the Reichsbank in ita British and negotiations with, American banks for a large loan which must be forthcoming before July 15 in order to avert a finan- cial collapse.
•
On July 18, the hundred million dollar erodit which saved the Reichsbank last week lapses and other heavy payments must be
mot.
The Stock Exchange scepticism regarding the efficiency of the Ger
country, says, "the sacrifice de- manded of each of the Powers has been real and immediate. Pri- marily they have been made for the benefit of one country, German,guarantee offer is indicated by many, which is itself called upon the falls in many quotations, some for none. Germany alone gains
of them dropping eight points. substantially and immediately.
Meeting of Experts: American to Attend.
[DEUTER'S AMERICAN SERVICE.]
Is
it too much, to expect that she will show her recognition by herself making some "contribution to the cause of European collaboration? It would greatly rebound to her predit, and it would undoubtedly help negotiations, that are to begin
+
WASHINGTON, July 5. The United States Government
next week, if she could give soineannounced in Washington through proof that she has no intention of using the economic help, now being Mr. Castle, the Under Secretary of accorded her, against her helpers. State, to-day that they will send an Can she not show her appreciation observer to next week's meeting of by a small voluntary act of renus- eintion, anch as undertaking not to continue, during the period of the Hoover, moratorium, with the con struction of the Ersaiz and the
Lothringen? The psychological value of such an undertaking would be much greater than any possible value which the pocket battleships will have when built. Even if abandonment, be consider ed undesirable, readiness to post- pone construction during a period when others are contributing to German welfare would be a wel. come act of courtesy, which, with out any doubt, would oil the wheels of European recuperation. Renunciation of Economic Assimila-
tion With Austria ? Similarly a temporary renum ciation of the process of economic Assimilation with Austria: would have the happiest effect, for the projected Anschluss is genuinely regarded, in some countries, as a move inimical to European unifien- tion contemplated. in M. Briand's scheme. It has always been de- scribed by Germany as an economie measure and economie assistance is
experts in London to discuss the technical aspects of the moratorium.
What the Experts Will Discuss. [BRITISH WIRELESS" BERVICE.)
RUGBY, July 8. Three main points for investign. tion by the experts involve matters which do not directly concern the United States Government, namely; firstly the demand for common action by the principal Central Banks through the Bank of Inter- national Settlements to organise assistance for European countries particularly in regard to deliveries ip kind, and, secondly," to reconcile the actual needs with the spirit of President Hoover's proposal.
On completion of the work by experts a conference of Ministers will be called, but no date has yet been fixed for such meeting.
PETTY OFFICER WILLIS BRAVERY.
now coming on a reale unthought "DAİLY MAIL" OPENS FUND
of when the Anschluss was design- ed as a means of relief." In this matter again Germany has a chance of showing, by simple port. ponement, that sho· is willing to do what she can on her side to create European family of nations ready to help each other in times of difficulty.
A
In the meantime the European Commission in Geneva, on which Germany is represented, can con- tinue to study, collectively, the best means of promoting interna tional trade on the Continent.
WORLD DISARMAMENT CONFERENCE.
UNITED STATES TO JOIN IN DISCUSSIONS.
[LEUTER'S AMERICAN SÈRVICE)
WASHINGTON, July 8
IN AID OF WIFE.
(THROUGH NELTER'S AGENCY,]
DUCE'S REPLY TO PAPAL ENCYCLICAL.
STATEMENT ISSUED. "BY' GOVT. AND IL DUCE."
BRITISH WIRELESS SERVICE.]
ROME, July 9 Signor Mussolini's first short reply to the Papal Encyclical, issued last Sunday, was fired to-day with an issue to the Federal Secretarios of the Fascist Party of an order issued by the Government and Il Duce," declaring that from to- day membership to the Fascist Party and membership to organisa- tions depending from the Catholic Action Party is irreconcilable.
WEATHER REPORT.
Yesterday's weather report, forecast and remarks, issued by the Royal Observatory at 8.40 p.m., stated:-
The depression N.W. of Hanoi, is stationary. A typhoon ap pears to have formed to the W. of the Balintang Channel. Its direction of motion is unknown.
Local Forecast.-E; _winds, freshening fine at first; rain later.
TYPHOON WARNING,
The following typhoon warn- ing has been received by the American Consulate General from the Manila Observatory :-
Manila, June 9, 4 p.m.- Cyclone or typhoon W. of Balintang Channel, direction unknown.
UNEMPLOYMENT INSUR. ANCE BILL.
TO RECEIVE CONSERVATIVE
· SUPPORT.
[BRITISH WIRELESS BREVICH]
ROGAY, July 8. LONDON, Juy 8. In the House of Commons to-day, The Daily Mail has opened a the Minister of Labour, Miss Mar- National Shilling Fund for the wife of Petty Officer Willis, one of the
garet Bondfield, moved the second survivors of the Poseidon, disaster.
reading of the Bill, based on the to whom & special tribute was paid mission on Unemployment fasur
recommendations of the Royal Com- by Mr. A. V. Alexander, in a House ance,with regard to the anomalies of Commone statement yesterday. in the present administration, pur- The Daily Mail has commenced ticularly those affecting four ente the list with a preliminary, sube, gories-casual and shorttime work- scription of 2,000 shillinga.
ers, seasonal workers, intermittent workers and married, 'women.
The Bill sets up an advisory committes with power Зваце stipulations. The Government ac- tuary cɛtimated the amount involv- ed at roughly £3,000,000,
AERIAL DEFENCE OF BRITAIN
NEW 0. 0, OF MIDDLE AREA.
[BRITISH WIRELESS, SERVICE)
RUGBY, July 8.
to
Major Ehott while critical of the Bill, indicated that it would have Conservativo support as a stop in the direction of the reforma they desired.
Special interest attaches to the debate in view of the motion for rejection Labled by the six Left Wing members of the Labour Party and the Mosley group respective
The United States Government. has received an invitation from the League of Nations to participate Air Vice-Marshal CL N. Perwakam at Chevarria February Wersey Bombings Aver Air Denda
in the World Disarmament Con- Nowall, now in Command of the
next:
It is stated that the State Do partment will despite a reply con- voying whole-hearted acceptance" in a few days.
fence of Great Britain, has been, appointed Air Officer Commanding the Royal Air Force Middle Area from October 12, in place of Air Viee-Marshal, Scarlett...
To-day for the first time Sir Oswald Mosley and his followers took their places on the Opposition
banches.
The debata is proceeding.
DOG SQUABBLE IN SHANGHAI,
JUDGE GRAIN DISMISSES CLAIM.
(THROUGH REUTEN'S ́¿GENOT.];
KOREANS ATTACK CHINESE A GREAT CRICKET
CONSULATE
VICTORY.
COMMUNISTS BEHIND BRITISH MINISTERS OXFORD AT LAST SUCCEED;
KOREAN RIOTS?
FIVE HUNDRED CHINESE INJURED.
[THROUGH REUTER'S AGENCY.]
PEIPING, July 9.. SHANGHAI, July 8. Judge Sir Peter Grain in- Cham-
According to unconfirmed Chinese bers to-day dismissed the claim by despatches a Korean mob re-attack- the Luna Park authorities against ed, sacked and destroyed the Mr. B. M. J. Martin and Brigadier- Chinese Consulate at Seoul, injur General MacNaughton, and entered ing 500 Chinese, who were taking
with refuge there. judgment for defendants
costs.
+
It is reported that the Loan Park authorities...are taking action against the Municipal Council be- fore the Court of Conquis.
18
A Shangbai. message dated April 13 stated:-The Shanghai Grey- hound Racing Club is suing Briga-
MacNaughten 1.dier General
Chairman and Mr. R. M. J. Mar- tin as Police Commissioner of the Shanghai Municipal Council for Taels 2,500,000 damages, for wil fully obstructing the entrances to the Luna Park Races.
A further message stated:- The Shanghai Greyhound Racing Club is suing Brigadier-General MacNaughter and Mr. R. M. J. Martin rather than the Shanghai Municipal Council because. it be lieves that it has a better chance of success against the former in the British Court than against the Shanghai Municipal Council before the Court of Consuls.
The Luna Park authorities on April 4 attempted to run dog races in spite of the Shanghai Municipal Council's ban, which came into effect at the end of March,
The police had barricaded the streets leading to the track, and a
police posse occupied each entrance to the track.
The track officials had previously taken the dogs from the kennels to the track and had run one race, after which the meeting was de clared closed.
է:
to get, About 40 people managed into the ground and watch this
racc.
'GREAT SUCCESS'
REPORTED.
REDS ON THE RUN.
(Fah Tse Fut Puo.)
NANOBANG, July 0. "Great success" is reported as a result of an intense campaign carried out by Government forces against the Reds" in eastern Kiangsi. The Field Headquarters of the Nanking Army at Nanchang is remitting 300,000 to Kian in order to relieve the sufferers in the districts from "which the "Rede have fled.
The Chinese Consul-General, Chang Wei Ching, has taken refuge at the office of the Governor General of Korea.
Chinese Shops and Restaurant
Looted,
է.
VISIT TO GERMANY,
MR. HENDERSON TO VISIT PARIS EN ROUTE.
[BRITISH WIRELESS SERVÍCE)
Ruany, July 9.
THE TURN OF THE TIDE,
The tre figures of the result of the Varsity Match reached the Colony In Limo for publication in yesterday's issue of the Daily Press Very little is given, but enough to congratulate the Dark Blues most heartily upon a decisivo win. After. the low cbb Oxford Cricket has experienced it is good to soo them on top. They always had good The Foreign Secretary, Mr. A players but, there seemed to be an Henderson, will leave London for inferiority complex. D. N. More Paris on Tacaday to represent the will be able to remember all his British Government at the French life that under his leadership the Colonial Exhibition. During his tide turned, although I have just visit he will have conversations heard that severo illness has laid with the French Foreign Minister, him aside. It is termible luck bat
it is Melville's good fortune. » M. Briand."
After the first day's play it look- The visit will extend over two ed any money on a draw, and the days and on Thursday Mr. Henderenthetrophe, if I may use the son will leave for Berlin, where, on word in its striot dramatic sonse, the following day, he will be joined developed with no intermediate by the Prime Minister, Mr. Ramsay details. It is pretty clear, however, MacDonald.
what happened. There was a plumb wicket at Lord's on Monday and Tuesday. On the first day Cam- bridge did very well. On the second day Oxford did much botter. Then came rain. It is a guess of course, but as some county matches According to present arrange which finished on Tuesday, wore ments the Prime Minister will re spoilt at the end by rain, it is no turn to London by air on concluunlikely one. Then on Wednesday sion of the visit on July 20, and one can picture Cambridge strug Mr. Henderson will travel home gling on a Lord's glue pot with via Paris.
Owen Smith and E. M. Wellings to spin the ball at them. One imagines they were all out by· lunch-time. Oxford's arst innings. lead helped them, and they lost a couple of wickets in getting the fifty-five runs necessary.
TOKYO, July 9.. Although the general situation in Korea
The British Ministers some weeks to be improving, Keene numerous cases of Chinese retaliatago accepted an invitation to re ing against Koreans are reported turn the visit recently paid to from Antung,
England by Doctor Bruening and Doctor Curtius.
The situation at Fusan still ap- pears to be critical. A number of Chinese-Korean clashes occurred in the strecta and fourteen Koreans were arrested.
Early this morning a Korean mob, 000 strong, taking advantage of the shortage of police, stormed Chinese pieco-goods shope and n restaurant at Makishima, on island opposite Fuaan, they destroyed the furniture and threw the piece-goods into the street.
The police havë reported that they believe that Communist activity is behind the outrage and scores of suspects have been arrested.
There were. 88 Chinese killed at Pingyang and eleven in other placas, according to official despatch.
the latest
Press despatches report that several Japanese organisations in
the Heinnando Province and
תן
Korea are planning relief for the Chinese sufferers, while officials in Pingyang City have decided to contribute a percentage of their anlaries to the fund.
(Wah Tez Tat Pao.)
MUKDEN," July 9. The fact that the anti-Chinese ériais in Korea is spreading to Antung, is engaging the attention
EMPIRE SURVEYORS
CONGRESS.
DELEGATES WELCOMED BY
LORD PASSFIELD,
{THROUGH, HEUTER'S ADENCY.)
The Batting.
Yesterday I was implying Rat-, cliffe was lucky to be in the side, to put up his record score, and I find he only came in owing to the fact that Davies was crocked. But he is surely most unlucky, in that ho broke a record which had held for twenty-seven years, and only. twenty-four hours later the Nawab LONDON, July 8. of Pataudi smashed his pretty
Protectcrates,
Representatives of many Colonies, completely. He and Owen Smith
Mandated Terri-
dominated the Oxford scoring as. tories, certain Dominions and In- completely no Rateliff and Kemp- dia as well as prominent eurvey Welch had dominated the Cam- experts of Great Britain are at bridge total. It is clear the bowl- tending the second Conference of ing was completely collared, the Empire Survey Officers which open-only one to do much good being. ed at the Cclonial Office to-day. F. R. Brown with five wickets for The Conference will continue until one hundred and fifty-three runs. It the 28th instant."
was only a few days ago in connec tion, with, the New Zealand match that I pointed out that the most dangerous type of bowling in these days is the stuff that breaks from leg with an occasional wrong. un or straight one pirt in to make it more difficult. It is the Grimmelt, Peebles type and Brown bowlą ir tó a modified degree.
Lord Passfield welcomed the members of the Conference, and of the Manchuriau authorities Mr. W. O. Fairweather, Director General Chang Tao Hsiang, who of Surveys in Northern Rhodesia, has been at Peiping, is hurrying replied.
to Mukden for the purpose of taking strict measures to maintain order in the Manchurian territories,
EMPIRE MARKETING
BOARD.
GOOD RESULTS ATTAINED DURING PAST YEAR,
Rede [BRITISH WIRELESS SERVICE.] * |
Marshal Chiang Kai Shok, who has been at Tuchow to direct opera- tions, is leaving for Nanchang.
DISORDERS IN HIS DIGESTIVE ORGANS.
CHANG' FAT FUI STILL-ON THE SICK LIST.
[CENTRAL PRESS.]
Roosy, July &
The report of the Empire Mar keting Board, just jusued, records increased buying of Empire pro- ducts in Great Britain, which is attributed in part to the greator scientific attention, paid by 'pro- ducers to grading and orderly mar keting.
Two hundred local authorities have responded to the Board's sug- gestions to increase Empire pur chases. A Sales drive" in sup- port of Homo and Empire butter. in Lancashire is reported to have resulted in two thousand more shops in the area selling Empire butter.
TIN OUTPUT QUOTA.
ITAROVON REUTER'S, AGENCY.]
LONDON, -July 8. The International Tin Committer announces that the Government of Siam decided to adhere to the tin control scheme, with effect from September 1, 1031, on the condition that Siam's quota will not be be low 10,000 long tons yearly.
COURT AT HOLYROOD.
THOUSAND GUESTS ATTEND
FUNCTION..
(BRITISH WIDELESS SERVICE.)
Other Players,
The Nawab has followed: un his four centuries in marvellous style, I rather think this gives him five running for his first in the Army match counted as first clase. He a chanke of has, if this is 80, equalling, or beating C. B. Try's untouched 1001 record of six cen- turies running. On another page of biographical notes which were in this jasuc will be found. n series
written before I knew the result of the match. I commond any readers to the note on E. M. Wellings, who took five for twentyfive in the second innings. There are also notes on Sco, the Nawab, Brown and Owen Smith;
Full Scores."
However, the arrival of the detailed store and reports will be waited with the greatest interest L may be able to produce a few more Meantime. notes of interest then. Renter ought to be talked to? (Bad graminar but it expresses. what I mean). We get a columa if Ruony, July 8, 2
nn American moovie "star visita The King and Queen held a London with her thirtieth husband Court and Lovee at Holyrood in eighteen months, but the Varsity Palace, Edinburgh, to day, the match gets a few beggarly lines i event being attended by a thousand One is tempted to misprint their
RABBIT.
CANTON, July 8. The report that General Chang Fat Fui has recovered from illness turns out to be incorrect, as the commander.of.the." Ironsides is still under medical treatment in Hong Kong for disorders in his digestive organs. It is expected that General Chang will be able to return to Canton next week.
General Pei. Chung Hti has wired COMMISSION OF INVESTIGA Throne chaire made of British onk. NO BIG LOANS FOR INDIA.
- 100%
to General Chang asking him to return to Kwangsing possible. General Chang's pre- sence in Kwangei is necessary in view of the military preparations for an early expedition into Hunan and the organization of a volunteer corps to guard the rear after the mobilization of the Kwangai troops. "With regard to military expenses for Kwangsi, funds are to be raised in that province, since Canton is unable to give much assistance.
FINANCIAL POSITION OF MAURITIUS.
TION APPOINTED.·
[BRITISH WIRELESS SERVICE]
RUGBY, July 8.
....
guests.
The Duke and Duchess of York were in the Royal Circle, and the King and Queen occupied new
COAL MINES BILL.
LORDE
name!
FINANCIAL ASSISTANCE BY BRITAIN DENIED.
Lendon, July 1-The colossal
ware reported to be making to tha Indian Government have proved completely imaginary.de
In the House of Commons, Dr. Drummond Shiels, Under-Secretary PASSES THROUGH HOUSE OF loans which the British Government for the Colonies, announce that the Commission which is to investi kate the financial position of Mauritius in light of the Colony's economic resources would consists At a meeting of the Extraordi- of Bir Ive Elliott, of the Indian nary Session of the Central Exeet-Civil Service. (Chairman), and Mr. tivo and Bupervisory Committeer G. Loughnane, of the Home Civil this morning, the following import-Bervice.
[DRITION WIRELESS SERVICE.
Boony, July 8.
The reports arose from the state ment by the Promier, Mr. Ramsay MacDonald, in the House of Cefn- mone on Juno 20, when hoem phasized the British Government's intention to safeguard the Indian. financial situation.
ant resolutions were passed :-That The Commission, will advise as The Coal Mines Bill which was the draft provisions regarding the to measures to reduce expenditure recently introduced by the Govern- To-day, Mr. MacDonald told the work of special Kuomintang.com- and/or increase local, revenue toment to deal with the situation House of Commons that no Grea missioner for oversens work be balance the Budget without the arising from the expiry to-morrow sion for giving the Government of approved: that a Planning Com-loss cf administrative efficiency or of the period allowed by previous India financial assistance had ari- mission for Oversea Kuomintang be the risk of, prejudicing, future, de legislation before a seven-hour day son and he trusted and believed no formed Mr. Wang Ching Wei and velopment, and measures to reduce came compulsory, was passed such cocasion would arizo
The Premier added that, the ob General Li Yang King be appointed the burden on the general revenue through all stages in the House of
Lords to day, having already been ject of his first statement disector of the adding the Govardhana kiven a third reading in the Come remove apprehensions, pending the Shek movement at the Whampoa It will report also on the finan Military Academy that a special cial and octroraic desirability of mon Kuomintang branch be-organized completing irrigation schemes in The Bill has received the Royal in the war zones to direct political progress and of undertaking otherssont, and stabilises existing and military affai
development schémén,
agments for one year,
constitutional settlemont in India and the formulation of previsions. insuring the maintenance of In dia's credit.