CONTINUATION OF SHORT-TERM CREDITS: NO NEW LOAN FOR GERMANY.
ORDER FOR WINDING-UP OF LARGE GERMAN FIRM GRANTED TO DUTCH CREDITORS,
TURNING POINT IN THE HISTORY OF
THE WORLD?...„
[THROUGH REUTER'S AGENCY AND BRITISH WIRELESS.]
LONDON, July 1.
The London Conference adjourned for the day after a general' discussion in which Mr. Stimson said that the United States had not withdrawn any credits from Germany, on the contrary in some instances they had actually increased them,
יי
The impression is gaining strength that the outcome of the conference will be in the direction of a continuation of short-termi credits to Germany and no ioan.
Mr. Stimson stressed the belief that big American banks will co-operate in keeping the credits of Germany provided similar institutions in other countries did the same.
BERLIN, July 21. Efforts to find financial support for the Nord Wolle Company of Bremen in order to save it from bankruptcy have failed.
The Bremen Court has now granted the Dutch creditors a petition for winding-up.
DELEGATES MEET IN SPIRIT OF
CO-OPERATIVE GOODWILL.
LONDON, July 21.
inspire the peoples with confidence and courage.
to-morrow at ten o'clock.
There will be a plenary meeting
Turning Point for Good or It?
MadDonald Mr. Ramsay
em-
In order to prevent" any misappre- bensions Reuter has been requested to, state that the J. F. Schroeder Bank at Bremen which is closed temporarily is in no way connected with J. Henry Schroeder and Comphasised that the present confer enee might be the turning point in pany of London, nor with the J. the history of the world for good Henry Schroeder Banking Corpora or ill. If no solution to the crisis were found none could foretell the tion of New York.
political and financial dangers that would ensue. If a solution, were found, it would be a striking proof of the growing effectiveness of in- ternational co-operation,
HONG KONG DAILY PRESS, WEDNESDAY, JULY 22, 1931.
TEAPOT DOME OIL SCANDAL.
EX-SECRETARY FALL IMPRISONED.
(THROUоH REUTER AND BRITISH
SINGAPORE. NAVAL
BASE:
IMPORTANCES TO NEW ZEALAND STRESSED.
(1100 REUTER'S AGENCY.]
".
WELLINGTON, New Zealand,
July 21.
CANTON LEADERS
JUBILANT
A "GREY" GENERAL JOINS ANTI-CHIANG MOVEMENT.
"(From Our Own Correspondent.)
CANTON, July 21, The National Government in
DR. FRANCIS TUCKER ARRESTED
KUOMINTANG DEMAND THAT HE SHOULD DIE.
HEAVY SENTENCES FOR US. MARINES.
SEQUEL TO SHANGHAI FRACAS.
SHANGHAI, July 21. Following a public agitation- against Imperial demonstration the Chinese authorities in Shantung arrested Dr. Francis Tucker, the The Premier, Mr. Forbes, initial Canton is jubilant because of the respected superintendent of the "That damned ing the debate on the results of latest military developinents in the American Board Mission Hospital bing affray in the Western District
',
SANTA FE, New Mexico,
July 21, Conveyed in an ambulance which he described sa hearse," ex-Secretary of the In terior Albert Fall was taken to the New Mexico State Prison. to serve sentence of a year and a day in connection with the Teapot Dome
Oil Scandal.
The taking of fingerprints and other, prison formalities were post- poned until the prison doctor certi
stand the strain.
the Inst Imperial Conference,
stressed the importance that New North. General Shih Yu San, one
Zealand attached to the Singapore
Naval Base and expressed his regret at the necessity of postpon- ing its completion;
fed that Albert Fall was it to LORD KYLSANT AT
OLD BAILEY.
CHAIRMAN OF R.M.S.P. PLEADS NOT GUILTY.
|MOTOR-BOAT SPEED
RECORD.
MISS ENGLAND II. TOUCHES 124 M.P.H.
[BRITISH WIRELESS SERVICE.]
Ruony, July 21.
It is stated Kaye Don's motor- bont, Miss England II., in unoff cial trials on Lake Garda, during last few days, reached a speed of 124 M.P.H., fourteen miles above the official world record established by this craft.
crisis, the political and financial dangers which might follow could not be foretold. If a solution were
found then it would be a striking proof of the growing effectiveness of International co-operation.
"
He recalled how in the past two years the unprecedented fall in prices among practically all the primary commodities had thrown out of gear the economic life of the world:
Ruby, July 21. This morning's session of the
This had accenfunted London Conference, lasted nearly
the burden of debts and led to the three hours, after which the follow- Mr. MacDonald dined informally difficulties for all debtor countries. ing communiqué was issued with Dr. Bruening and Dr. Curtius The effects most neutely felt by the "The International Conference met at the House of Commons to-night. International industrial and Enan. at the Foreign Office this morning. Arthur Henderson and Mr. cial States and the special position Philip Snowden were also present. of Germany both as an exporting and considered the method of in-
and a debtor State had involved Immense Interest. " her to a supreme degree in all the ternational financial co-operation
problems which the other States Rudny, July 20. whereby the confidence in Ger
Within an hour of their arrival had to face in a less critical man. many's economic stability may be
at Victoria Station to-night theer. The German Government had restored.
delegates from France, Germany It was arranged that Finance Italy and Belgium who had come Trons Paris to attend the Seven- Ministers, of countries represented Power Conference on the German at the Conference, with Dr. Bruen-financial situation had TOLGBOTE- ing and Mr. Ramsay MacDonald in the chair should meet this after noon to continue examination of the
question.
felt bound to declare that unless the position improved they would' have to use their privileges under the Young Plan to declare a post- ponement.
increased taxation but last month
Spirit of Goodwill.
tive goodwill, determined to reach They met in a spirit of co-opera
(THROUGH REUTER'S AGENCY.]
LONDON, July 21,
of the "grey" generals of the North, has, positively turned against Nanking and is taking orders from Canton. The local Government has appointed him Commander-in-Chief of the 8th Army Corps, a post
equivalent to that held by General Chen Trai Tong. A telegram from Ilonan to the members of the National Government here stated that Shih Yu San formally assum - ed his new post last Saturday and is mobilizing his armies in Honan, preparatory to a drive on to Nan king.
Lord Kyleant and Mr. Morland NORTH JOINS THE SOUTH? entered the dock" at the Old Bailey to-day and pleaded not guilty! to charges arising out of the affairs of the Royal Mail Steam Packet | Company.
The Attorney-General opened the case with. a speech lasting nearly five hours. He said that he did. not disapprove of the creation of seret reserves, but submitted that the use of them over a long period in order to show that the Company was running smonthly was to pre sent an absolutely untrue view of the Company's prospects and busi-
nosa.
The company lived on its own fat for five years and in 1020 was rapidly becoming a skeleton.
Largo Bums were taken from re serve to keep the pot beiling. Sir William McLintoch had reported that between 1921 and 1925
the sume taken from reserved "totalled £2,800,000, and items of a non-re- curring character brought up the grand total to £1,490,000.
LA message of June 13 stated: Two summonsce granted by the Magistrate at the Mansion House
WEATHER REPORT.
Yesterday's weather report, forecast and remarks, issued by the Royal Observatory at 5.35 p.m., stated:-
A depression is central, over the southern part of the Sea of Japan. A trough of low pres. süre extends from it to the upper Yangisze Valley.
Local Forecast:-. winds, moderate; fair.
led in company with representa tives of Britain, America and Japan in the Prime Minister's room at the House of Cammous for the preliminary meeting,
The immense public interest an agreement not only meeting taken in the Conference, the im- the requirements of the present portance of which is fully real crisis, but to make an effort to ised, was shown by the crowds at pacity Europe's disturbed state of the station and later outside the mind. House of Commons, where the They mast candidly admit, that delegates were greeted by the there were some things which their Minister. the Foreign respective public opinions would Prime and the Chancellor of the Excha not at the Conference to enforce, steadiness and self-control of itsquer, Mr. Philip Snowden.
or defect, or humiliate, but to con The proceedings were opened by sider the problems objectively, to bainess community have made London an object lesson to the the Prime Minister, who reviewed remember that they were in essen- the situation which the Conference tials inter-dependent and to agree world. In Great Britain there are had been called to face. The meet to be accommodating, upon some. all conditions requisite for the tasking was still sitting two hours thing to which the various Parlia
Press Comment, Commenting on the Conference the Daily Herald says: "It is significant that once again London has become the main centre of International diplomacy. Through out the present Anancial crisis Secretary, Mr. Arthur Henderson.ot permit them to do. They were in connection with the affairs of
later.
ments would agree.
of eliminating international fric-
A communique issued at the enn-
As regards the financial aspect tion and restoring goodwill," clusion of the sitting stated that of the crisise the question of what The Daily News says: "To make Mr. Remy MadDonald, as Presi- can be done must largely be, re: dent of the Conference, explained served for bankers and financiers. it sale or wise to lend money to the origins of the crisis and the He could only speak in general Germany at the present time what importance of the task confronting terms,
Two Alternatives, is really required is certainty, so them.
Afterwards M. Laval gave the far as humanly possible, that Conference an account of the mort
There seem two main alterna- Europe is embarking upon a period ioga which had taken place in tives. One was to find a means of of real peace, and assurance that a Paris and explained the spirit in arranging new loans or credits to genuine effort will now be made which the conversations between the Germany. It was a matter which French and German Ministers had bas been given consideration in to remove obsineles which fear and been initiated.
Paris. He was told there were National pride have created to the He set forth in detail the posi- difficulties which would have to be natural extension of her economiction of France in the debate which surmounted before any loan could was about to begin and once more be obtained in the market here. development. It is quite certain expressed the hope of loyal colla- They must consider this. It night
present Conference cannot boration between France and Gernot be the best solution. achieve anything of the kind in its many for the restoration of con-
fidence and credit in the world. entirety. It has not time. What the Conference must do, if it is to succeed, is to deviso some means of assuring the world that prob lems, which cannot be here and now, are left in a fair way to settlement.
the
German Do-operation.
ex-
The one they must find must be mutually possible and effective for its purpose.
The other way would be to at- tack directly the question of Dr. Bruening confirmed tite
whether, by atrengthening the in- opinion of co-operation and
ternal position of Germany, they pressed gratitude for the oppor could give aT! assurance of ita settled tunity of the Paris conversations.
He gave an account with statis-etability to the outside world, so tics of the financial condition of
aa not only to prevent the capital that was already in Germany from Germany and the monsures taken
to meet it. He urged the neces being withdrawn, but to enable it rity of providing assistance to to he "provided that she had the relievo the situation.···
require capital resources,
тего
(THROUGH REVTEE'S AGENCY.]" A Good Stroke of Business,
LONDON, July 20. Questions of procedura Ministers conferred for two hours then discussed and the meeting to-day, when Mr. Ramsay Mac adjourned until to-morrow morn. Donald outlined the causes of the ing at the Foreign Office. German crisis and the world de-
Unprecedented Fall in Prices; pression. He hailed President
Debt Postponement.
have been served on Lord Kysant
the Royal Mail Steem Packet Com- pany. "..
The Attorney-General stated in" the House of Commons recently that the affairs cf the Royal Mail Co were subject to investigation.
Lord Kylsant, who is 68, is Chairman and Managing Director of the R.M.S P.. the White Star Line, and the Union Castle Line. He was created a Baron in 1923.
Lord Kylannt said that the al degation was that he circulated
false annual reports for 1928 and 1027 in order to mislead share- He entirely denied the al- holdara legatious and would fight the case to the hilt. He had, no fear of the result.]
DANCER'S 16-STOREY DEATH LEAP.
ASSOCIATE OF PAVLOVA.
Chicago-Mr. Andreas Pavley, well-knowa classic dancer, who was at ong time an associate of Pav- lova, plunged to his death from the sixteenth floor of the hotel at which he was staying. Mr. Pavley was in his twenty-fifth year,
(Wah Tr: Yat Pas.)
CANTON, July 21. As the Nothern Generals are starting open revolt against Nan- king, the anti-Nanking movement is being accelerated. The Canton Government leaders are prepared to issue another manifesto in the name of the National Government to announce the raising of an ex- pedition against Chiang Kai Shek.
Troop Movements. CENTRAL PRESS WIRELESS),
"TIENTSIN, July 20. About 130,000 troops, under the command of Generals Shih Yu San, Ying, Han Fu Chu, Sun Tien, Soong Chih Yuan and others are on the move in southern Honan
at Tehchow, and have taken him to Tsinanfu. So far they have refused to hand him over to the American Consulate.....
Dr. Tucker on the night, of July shot and killed a Chinese, who was attempting to rob the hospital, where recently a number of rob- beries have taken place.
The local Kuomintang is demand. ing, inter alia, that Dr. Tucker should die.
HACKNEY WOMAN'S CLAIM "AGAINST CINEMA.
RENOUNCES RIGHT TO FULL AWARD.
(THROUGH LEUTER'S AGENCY.]
SHANGHAI, July 21. Corporal Williams and Privato Arthur Daniels, of the US, Marino Corps, have been, respectively, sen- teneed to 30 and 24 months' hard labour in connection with the stab- of Shanghai on May so. The sen tences will be served in the Cavity in the Philippines, after which they' will be dishonourably discharged from the US Marine Corps and lose their American citizenship!
д
AGRICULTURAL DEVELOP. MENT IN PALESTINE,
BRITISH GOVERNMENT: TO. GUARANTEE LOAN.
(BRITISH WIRELESS SERVICE}
Ruoby, July 21. Doctor Drummond Shiels, the Colonial Under-Secretary, announc ed in the House of Commons that & dispatch has been sent to th High Commissioner, for Palestine outlining steps to be taken to give LONDON, July 21, effect to the Government's policy Messrs. Millie Orpon has re-regarding agricultural development nounced to the Haymarket Cäpitol and land settlement in that coun the full amount awarded her and try. has undertaker not to enforce payment.
(A message dated July 17 stated: "A common informer has estab lished the right to recover £3,000 against a cinema which kept. open on Sundays after the High Court decided this was illegal.
The plaintiff was a young Hack- ney woman, Miss Millie Orpen, who is claiming £25.000 against the defendants, the Haymarket Capitol and four directors.
The dispatch says the funds re: quired are to be found by a long, which the Government will ask Parliament to guarantee. The Gov. ernment will appoint a Directer of Development and the nucleus of a staff at an early date. The Jewish Agency and Arab Executive will be invited to nominate one momber ench to assist in a advisory capa
On the King's Bench Judge Row-city. The Director will prepare s latt held the claim against the register of Arabs displaced in con cinema had been proved. but die-
against the sequence of land they occupied fail..
ing into Jewish hands,
and northern Shantung. According to military circles, it is improb- missed the able that the Nanking troops directors.] will resist for their number is abput 70,000, and most of them ATB on garrison duty along the Peiping-Tientsin Railway.
The officers of the Fengtien troops in this vicinity are well dressed and their arms appear quite modern.
The manifesto against Chiang Kai Shekhas been signed by nearly all the commanders of the Shansi and Kuominchun armies, It calls upon Chiang Kai Shek to rosign since he is the stumbling block to unification and progress in China,
THE ANTI-RED CAMPAIGN.
[CENTRAL PRESS WIRELESS.]
NANCHAND, July 20. The gunboats here have steam up ready to convey General Chinng Kai Shek back to Nanking, Chiang is said to have returned here last night though officialsnt military headquarters neither dény nor ad-
mit his return.
The anti-Red campaign has met with little success, and General Chen Ming Shu is very disappoint- ed at. the slow progress.
The main strength of the Red armies is still in southern Kiangai, and according to "oficial intelli- gence another drive against the fted bordes will be launched some- time this week,
SPECIALISTS IN DIFFERENT TRADES FOR FAR EAST.
"
RECOMMENDATIONS OF FAR EAST ECONOMIC MISSION.
“(7kno.on reuter's AGENCY)
LONDON, July 20 In the House of Commons to- day at question-time, Mr. G. M. Gillett, of the Department' of Opersens Trade, informed a ques- tioner that the Roper of the Economic Mission to the Far East did not include a recommendation for the appointment of Trade Com- missioners.
The dancer's body, elad in pyjamas, orashed on to the cement I was for that purpose Presi- pavement, narrowly missing on dent Hoover had proposed the hotel clerk. The fly-screen in front postponement for a year of all of the window of his room had debte and reparations. This re. Leon smashed away by a portable Hoover's moratorium as an act of In the opening procedure Mr. presented a very real relief.
It might prove insufficient but wireless set, which Mr. Pavley had courage and statesmanship, also. a MacDonald, after welcoming, the that could be determined later. used as a hatchet. good stroke of business.
delegates, indicated the purpose Their first problem, was to decide The manager of the hotel said Germany's omergency must be which the British Government how to bring it into effect with that Mr. Pavley had moved into different trades and his Depart met before it overwhelmed the thinks the Conference should serve greater speed. They must begin whale of central Europe, and Hepexpressed the view that for good to work from the phat winer heb room three weeks befarement the members of the Mission, vestors confidence in Germany, or ill the present moment might been reached in Paris. They were complaining that he had suffered and various trade Grganisations must be restored. What could be prove one of the turning points in all glad of the Conference held financial loss. He was of Dutch were conferring with several in- done must be largely reserved for the world's history, for if no solu- there between the French and Ger parentage, and for several years dustries with a view to the recom bankers and financiers, but he con- tion were found of the present maus which should provs of infinite led the ballet in the Chicago Civio mendation receiving the fullest con
Opera!
sideration. cluded that agreement here will re-
assistanco. (Continued on seat Volumn.)
ton of specialists and experts in The Mission advocated the soler
cakes
Building up
Bright, happy children, brimming over with bealth and vitality-the care and attention a Mother las lavished
Energy and Robust Health upon her children, can
have no higher reward.
Are you receiving that reward, Mother? There is one simple and inexpensive way of making sure that your children will enjoy that glorious health which means so much to them--and to you.
That way is the "Ovaltine" way. Give them the rich and abundant nourishment this delicious beverage contains. All the vital nutritive clements of rich creamy milk, new-laid eggs and choice barley malt are concentrated in "Ovaltine". There are proteins for building up body tissue-carbohydrates for creating; energy-mineral salts for enriching the blood-those essential vitamins, also for ensuring correct nutrition. This delicious beverage is daily building, up study children whose health is reflected in their happy smile Give your children the benefit of its rich nourishment. Let them enjoy the health to which they are entitled.
OVALTINE
TONIC FOOD BEVERAGE
Builds up Brain Nerve and Body
{A.P.B. S.].