OUTCOME OF SEVEN-POWER LONDON CONFERENCE.
SOUND FOUNDATION LAID FOR ESTABLISHMENT OF GERMANY'S STABILITY.
COMMITTEE OF FINANCERS TO MEET AGAIN NEXT WEEK.
(THROUGH REUTER'S AGENCY AND BRITISH WIRELESS)
WASHINGTON, July 23.lar meetings, which will lead to a "The London Conference has policy of Franco-German co-opera laid a sound foundation for the tion, the surest guarantee. of establishment of stability in Ger- security for the world." maný," declared President Hoover to-night, commenting on the re- sults of the negotiatione.
Mr. Stimson, the American Secretary of State, referring to the Paris meeting of the French
HONG KONG DAILY PRESS, SATURDAY, JULY 25, 1931.
DAVIS CUP LAWN
TENNIS.
COCHET BEATS AUSTIN IN CHALLENGE ROUND,
[THROUGH: REUTER'S AGENCY.
PARIS, July 25, In the Davis Cup Challenge.
· Round Cochet beat Austin, 3-6, 11-9, 6-2, 6-4.
Austin failed to maintain his pro mining opening after winning the Arst set. He appeared to be walk ing away with the second set with crisp back-hand shots and beautiful ground work. He led 4-1, but Cochet later, with flashes of bril Hance, found his length and with great cross-court shots drew up,
Austin made a mistake by doing inter-governmental debts alreadyStates" their appreciation of the too much. Cochet won the set agreed upon, and the combined historic consequences of the meet-9. Austin felt the strain in the effect should be to enable the Gering in the direction of conciliation third and fourth sets and played A defensive game. Cochet had no mans, with their resources, indus- and the resulting confidene. They difficulty in winning. try and courage, to overcome their felt they had witnessed a great temporary difficulties and restore event and looked forward to its to them their credits,
progress in effectiveness.
The Conference," he added, and German Ministers, said he was
ZEPPELIN STARTS ON ARCTIC VOYAGE.
FOR METEOROLOGICAL AND SCIENTIFIC PURPOSES.
(THROUGH REUTER'S · AGENCY,]]
BERLIN, July 24. The Grat Zeppelin started on scientific and meteorological flight to the Arctic from Friedrichshafen at 8.45 am. It will land at Berlin this evening and continue its flight to Leningrad at dawn, thence it will continue to the Arctic via Archangel.
HEAVY LOSSES OF CABLE SYSTEM.
MR. THORBURN'S DISAPPEARANCE.
FURTHER QUESTIONS IN HOUSE OF COMMONS.
(THROUGH NEUTER'S AGENCY,]
LONDON, July 24. The keiner interest being taken by members of the House of Com more in the Thorburn scandal, is llustrated by the fact that further questions are being put to Mr. Ar thur Henderson on Monday,
REDS IN KIANGSI FORCED TO FLEE.
SEVERE FIGHTING
REPORTED.
(Kuo Mi News Agency.)
NANCHANG, July 18.
· The capture" within one week" "of
9
MR. EUGENE CHEN'S
VISIT TO JAPAN.
CONFLICTING REPORTS "FROM CANTON,
(From Our Own Correspondent)
CANTON, July 24,
A high, official of the Ministry of Ningtu and Yutu, two strongholds Foreign Affairs of the Nations! of the Reds in Southern Kinngsi, was ordered by Commander in Government in Canton, in reply Chief Chiang Kai-shek on the 18th an inquiry by local Pressmen this The lino taken by the Conserva in separate dispatches to the Left tives is that the case illustrates the Wing, the Right Wing and the morning about Mr. Eugene Chen's dangers of the relinquishment of Central Route forces under Gener, sudden departure from Canton for extraterritoriality, or of assenting als Ho Ying-chin,, Chen Ming-ahu Japan, said that the Foreign Minis- to any measure which would place and Sun Lienchung respectively. ter's trip to Japan was not because Europeans under Chinese author A furious attack on Ningtu haster's
beon commenced by the joint forces of any political split in the South- ity. * Firms Line Welcomed,
of the Left Wing and the Central ern camp, as has been rumoured, The firm line indicated in the Route Forces Aeroplanes are par but in connection with the recupera replies to questions yesterday has ticularly active in carrying out one
tion of his health, heen welcomed, and every possible air-raid after another.
According to an official comment tion in active being until it is
&l Chou Hun-yuan and the 8th settled satisfactorily.
[Trenchant comment by the division under General Mas Ping North China Daily Nets will be we belonging to the 5th Reute found on page 10.1
Army under General Shao-liang, | had a severe engagement" at Ku- chup eastern, Kiangsi, with the Reda under Huang Kung-luch for two days and nights, resulting in the complete victory of the Government
From another source it is learned
"supplements the suspension of glad to express for the United the games going to 90, when DRASTIC MEASURES NECES. stop will be taken to, koop the queries the sch division under Gener that Mr. Eugene Chen's trip to
The major problem is one pri- marily affecting banking credit can. ditions and it can best be solved
The German Chancellor," Dr. Beocinte Bruening, wished to himself with M. Laval in hoping
by the voluntary co-operation of the American delegates would take the bankers of the world, rather back with them from the confer- than by governments with theirence a recognition of the close inter conflicting interesin.
relation of the Old and New Worlda Such basis of co-operation is and of Europe's need for the moral Assured,"
President Boover added that the support of the idealism of the decision of the Conference would | American people. contribute to the economic recovery With regard to the Paris meet- of the world, and he paid a tri-i bute to the fine spirit of concilia-ing with the French Ministers hu said. "I am firmly convinced that tion evident at the Conference.
President Hoover has telegraph confident co-operation between our ed his congratulations to Mr. Stim-two countries is urgently netes sary and must continue for the futuro, because in our present
son and Mr. Mellon.
The
RUGBY, July 23, Seven-Power Conference terminated to-day with an agree ment on the measures to be im. mediately taken for the purpose of restoring confidence in Germany's financial situation, :*
The speeches indicated the en couraging spirit in which all the Powers represented are willing to co-operate for this purpose.
|
SHANGHAI EDITOR'S
NEW POST.
INFORMATION OFFICER TO
SHANGHAI COUNCIL.
{THROUGH REUTER'S AGENCY.]
SARY TO RESTORE FINANCE
[THOUGH REUTER'S ADENOY]
Losnos, July 24.
A diminution of receipts approa ching a million pounds sterling is revealed in the annual report of the Imperial and International Com munications, Limited, for 1030.
The profit of £326,248 which is recorded represents a decrease. at
the rate of 8830,000 per annum.
The directors" declare that, the communications services of the Empire cannot indefinitely be con- ducted at a loss as (on the basis
of the present traffics) seems to be the probable outcome of the year
1031.
SHANGHAI, July 24. Mr. G. S. Burton Sayer, the
They state that they have examin editar of the Shanghai Times, hased every possible remedy for this Accepted the psoition of Press In. "disastrous, situation" "including. formation Officer to the Shanghai the raising of rates and the clos Municipal Council.
ing down of unprofitable routes. and services.
They conclude that nothing short of the most drastic mensures will permanently restore situation, where now developments ARCTIC COALING STATION. the health of the communications cchur almost daily, it is of the utmost importance that statesmen should meet continuously and have intercourse with each other. It is: only by confident co-operation that the situation can be improved."
Signor Grandi, for Italy, and Mr. Matsudaira, for Japan, having joined in the hopes expressed for the results of the conference, the British Prime Minister, Mr. Ram-. say MndDonald, replied. ---
Mr. MacDonald's Reply. He remarked how gratifying to all had been the Paris meeting between the French and Germans, and referred to the growing under standing and co-operation with America.
An official communiqué, after de- claring that the lack of confidence which caused the recent excessive withdrawals was unjustified by the economic and budgetary situation in Germany, outlined the measures the Governments will recommend to' the financial institutions in their respective countries in order to relieve the immediate situation. These were, firstly, a renewal for three months of the Central Bank credit of one hundred million dol. lars to the Reichsbank, granted under the auspices of the Bank of The economic and spiritual International Settlements. and, strands which were thrown across secondly, concerted measures by the frontiers were becoming national banks to maintain Ger- numerous and stronger, until at many's present credits.
last they would be able to think of humanity and not merely of divid. ed nations. He hoped with all his- heart that the conference decisions. would re-establish German credit.
Interest. Divided.
Bankers' Committee.
more
Short interviews with the dele. gates are published, in which they ful conclusion of their labours. express satisfaction at the success-
COAL ON FRANCIS JOSEPH
ISLAND.
[TRANSOCEAN KUMIN WIRELESS SERVICE.]
$
Moscow, July 17.-Large coal deposits have been discovered on" Francis Joseph Island, according. to radio dispatch from the Meteorological Station there, by the geological expendition under Professor Ivanov The Govern ment immediately instructed the. expedition to return to Russia by the Icebreaker Malygin, now route for Francis Joseph Land for Zeppelin, to furnish a full report its historic meeting with the Graf, of the discovery which would per- mit the establishment of a paling station for the Arctic.
INDIAN TRAIN OUTRAGE.
TWO BRITISH <ARMÝ OFFICERS STABBED.
(THROUGH BRUTER'S AGENCY.]
system.
WEATHER REPORT.
Yesterday's, weather report, forecast and remarks, issued by the Royal Observatórý" at 5.30 P. stated:
A shallow depression is cen
tral over. the Eastern Sea, moving eastward.
A depres.
sion appears to be forming over Tongking.
Local Forecast:-S.W, winds,. moderate; fair to showery.
CIVIL MUNICIPAL AERODROMES.
SEVEN SCHEMES APPROVED
IN A YEAR.
[BRITISH WIRELESS BERVICE]
Broay, July 23, In the House of Commons, in answer to a question, Miss Mar
*ཁྭ
SYNDICALISTS IN SPAIN.
forces at th
Japan is in connection with Can- ton's present movement for the overthrow of Chiang Kai Shek and Nanking Government Ho
the..
wished to confer with the Japanese Foreign Minister and other high officials of the Island Empire con.
cerning the political position of the Canton Government and the
General Chen Cheng's 14th divi- sion, after scoring another victory aver the Reds under Lo Ping-lun and Lin Piac, has advanced to principles for which it stands. The Shibcheng, 30 miles east of Ningtu. Japanese Consul-General in Can The 10th division under General ton, Mr. Suma, is reported to have Wei Li-huang, in conjunction with wired to the Japanese Government the 8th division under General
STRONG ACTION BY SPANISH GOVT..
(THROUGH NEUTER'S AGENCY.]
Chao Kuan-tac, bave disarmed and concerning the coming visit of the SEVILLE, July 23, In pursuance of the new Gov banded 10,000 of the peasant follow Chinese Minister of Foreign ernment policy of ruthless suppres era and Reds under Peng Tek-huai, Affairs. sion of the Syndicalists, whose ac- Hotly Pursued. tivities have been taking more After the recent capture of forms, including a campaign of Kwangchang and Lichuan, the
Arrives at Tokyo."
Tokyo, July 25. Mr. Eugene Chen arrived Yokohama to-day."
"CANTON'S MILITARY
PLANS.
TO ATTACK WUHAN.
[CENTRAL NEWS.]
guerilla warfare, the military at main forces of the Reds under Chu Sexvf; today indulged in a Te and Man Tse-tung fed to nor
peaceful bombardment."
thern and, southern Fukien where Guus were trained on certain they have been checked by the Fu buildings in the city from which kien forces under Chang Chen, Lu the Syndicalist ringleaders yester Hsin-pang and Liu Hu-ting, Ger day sniped police, and after warneral Chiang Kai-shek bes issued an ing had been given, the shelling order to the Left Wing Forces to precacded.
go in hot pursuit of the marauders The previous warning enabled and to eradicate them completely: neighbouring inhabitants to take In a tolegram to the Nanchang rofuge at distance from which Provisional Headquarters, General (under the cover of machine-guns. Lo Lin, Commander of the 77th because the authorities were taking Division, reports the discovery of no risks) thoy watched the work of a secret order of the Reds. It dis- destruction
closes the proposed movement of
CANTON, July 23. the outlaws: (1) their main forces A supreme military conference are to fled to Fukion; (2) the Reds will be summoned by, the National in western Kiangai to anter Hu Government to-morrow to discuss nan; (3) those in north western the various measures to be taken Kiangsi to escape to Hupeh and as regards the northern expendi (4) the rest to hide in disguise in tion in view of the tense situation. Southern Kiangai. It is learned that all the general In recognition of his meritori- officers of the First and Fourth ous work in bandit-suppression, Group Armies as well at the mem- General Lu. Hsino-cheng, Comman-bers of the National Government der of the newly-organized Tath will attend this important meeting. division, has been appointed Com It is understood that if the pre- mander of the 10th division and parations, for this military meeting concurrently Commander of the cannot be arranged in time, the 38th Army,
conference will be postponed to one or two days later.
The salutary lesson provided by the beavy artillery was further em phasised by military aeroplanes roaring low overhead."
GERMAN NOTE ISSUE.
DROP IN GOLD RESERVES.
[TRANSOCEAN KONIN-WIRCLZ86
SERVICE]
Berlin, July 17-The gold cover- Ige of the German noto issue drop- With the military operations ned to 30.8 per cent., according to nearing completion. Commander. the weekly statement of the Reichs in-Chief Chiang Kai-shek has in bank, dated July 15, and issued to structed the Left Wing forces to day, this being the first report since restore order in the recaptured dis the Board of Directors of the tricts in collaboration with the Richsbank recently and temporarily. Party and Political Affairs Com rescinded the statute providing for mittee. The 43 district magistra
a coverage of over 40 per cent, teh in the bandit-infested areas The bank's gold and foreign cur havp like-wise bean crdered to co- rency reserves during the period operate in rehabilitation work. under survey decreased by 302 million marks to 1,400 millions, while the note circulation increased: by fifty-seven million...
garet Bandfield Labour Minister, CANTON'S VIEW OF
stated that the
Unemployment
Grants Committee had approved in the last twelve months schemes fcr new Civil Municipal Aerodromea in Bristol, Cardiff, Hull, 'Norwich,
Plymouth Portsmouth and Stoke MUCH
FINANCES.
CHINA-ENGLAND WIRELESS.
Besides ordering the North- Western Generals to mobilize their forces, the National Government at Canton orders the First and Fourth Group Armies from Kwangtung and Kwangsi to join the northern ex pedition against Chiang Kai. Shek
General Chen Tani Tong, Com mander-in-Chief of the First Group Army, and General Li Taung Jen, Commander-in-Chief of the Fourth Group Army, have discussed plans for the mobilization of their troops and the schemes for the expedition, have been fixed.
ARRANGEMENTS FOR DIRECT anny units under his command to
SERVICE
A Committee of Eankers will in. quire into the further credit needs of Germany and study the question of converting part of her short- term credits into long-term credits, Interest in to-night's papers is The Conference also expressed about equally divided between the the opinion that, the joint guaran-decisions of the Seven-Power Con- tee recently placed by German inferenc, and the increase this morn dustry at the disposal of the golding of the Bank of England dis discount bank was of a kind which count rate from 2 to 3 per cent. should make possible the provision with a view to checking the recent. of a sound basis for the resumption heavy withdrawals of gold. of the normal operations of inter- national credit. The communiqué added: The Conference considers that if these measures are carried through they will form a basis for
Some mace is given to the post- the more permanent action.
poned visit by the Prime Minister follow."
The Committee of experts which rid the Foreign Secretary to Ber- assembled in London' last week un- lin which will not take place till It is der the chairmanship of Sir Fred the beginning of next week. rick Leith Ross of the British realised, that it is principally a Treasury, is, on the decision of the courtesy visit in return for the conference, to proceed with the Germans' week-end at Chequers, elaboration of the details for giving effect to the Hoover Plan of one In the course of 'h long statement ed to be out of danger, though he
Artillery, his companion, is report- DEATH OF MADAME SOONG. better position, than the Nanking Government International Radio year's suspension of inter-govern-un the result of the Seven-Power was badly wounded, mental debts. They will meet to Conference issued in London terat morrow morning at ten o'clock at night, Mr. H. L. Stimson expresses the Treasury
confidence that the measures recor- mended will dispose of the panic At the conclusion of the Confer which effected the German fascial
position..
Closing Speeches,
to
American Statement
ence the French Prime Minister, "We believe," he concludes,
it,
BANBAVAL July 23. Two British army officers were to-day the victims of Punjabi ter-on-Trent. rorists both being stabbed in their scop in Punjab mail train.
Lieutenant G. R. Hext, of the 8th Punjabi Regiment subsequent ly died of his wounds, but Lieuten ant E, M. Ehechan, G the, Royal
inen.
OBITUARY.
She had been in ill health for some time,
BETTER OFF THAN
NANKING!
[CENTRAL NEWB:]
CANTON, July 23. The financial condition of the National Government is in a far
[XUO MIN NEWS AGENCY.}
Nanking, July 18-Preparations for the inauguration of a direct radio service between Chinn and England are being made by the
régime, according to information Station, it is learned. The Minis obtained from official circles in try of Communications is under Cantom r
learned
(THROUGH REUTER'S : AQINOY.]
SHANGHAI, July 24. Premier to Fly to Berlin. Madame Buong mother of Mr. T. Roony, July 23. V. Soong, died at Tsingtao at nocn The Prime Minister, Mr. Ram-to-day upon receipt of a false re- M. Laval, after expressing thanks to be probable that once confidence to the President of the Conference;is restored it will be found that Bay MacDonald, will probably. By port that her son had been killed:ment were to float loans more Mr. Brmany MacDonald, and to Germany will be able to recover her to Berlin on Monday, to return in the bomb cutrage a the British Government, which were equilibrium on the basis of her the recent visit of Gorman, statos. renewed in turn by Mr. Stimson, own resources, on which assistance Dr. Bruening and the other deles will be readily available. But în gates, anid he wished to tell the any event, we have provided the United States, representatives how machinery necessary to poet the much they appreciated the mixture of powerful idealism and practica] sense with which they had joined: in the attempt to put an end to the instability and, the insecurity of the European 'economic system.
“Historio and Inspiring Event."
ANGLO RUSSIAN DEBTS,
It is learned that General Chen. Tsai Topg intends to dispatch two Kinngsi and. to join with the Fourth Group: Army to storm Wahan. Additional units will be dispatched as reserves of the vanguard in' Kiangsi. The rest of the army. units in the first group army will remain in Kwangtung to guard the province. In time of emergency the troops at the front... these soldiers will be sent to join,
The field beadquarters of the
First Group Army in Shiukwan will be established this week,
General Lá Taung Jen, Com mander-in-Chief of the Fourth It is estimated that the total stood to have entered into negotia Group Army, decided to send his whole forces to enter Hunam, "Att revenues of the Ministry of Finance tions with the British authorities present the fourth, seven, eighth, amount to over $10,000,000 per for a working arrangement. and fifteenth army units under, they month. So far none of the revonuc
Dwo short-wave radio stations command of Genearl Li are con has been pledged for any loans "or
tinuously advancing on the southern bonds, If the Nations) Govern. were recently installed at Amoy border of Hunan. According to and Foochow to cope with increas the order issued by the Fourth revenues could be obtained, ting demande and to facilitate traf Group Army, all these four voits shall concentrato at Chuenchow On the other hand, Nanking's fre, especially with Shanghai,
and Kweilin sometime this week revenue is not more than $10,000,000
pending further instructions. You n' month, while military expenses in
General Chang Fat Fui,.com- time of peace require $30,000,000:
mander of the vanguard army, has The deficit of 820,000,000, officials
decided to return to Kwellin to. explain, are to be met by floating
resume his command of the Iron- new bonds,With military opera
sides, General Chang will accom tions going on, the expenses. for
many General Pei Chung Hain the mons regarding an opportunity for background of the possibility of a VIEWS SOVIET AMBASSADOR | maintaining the army are certainly
Vice-Commander-in-Chief of the a debate on the international situa-future revision of the Young Plan,
more than the normal figures. Ao
Fouth Group Army, to the front tion, the Chancellor of the Exchens mooted a few weeks age, the
cording to same source, Nanking
to direct their forces, while Gen That historic and inspiring Mr. Snowden in the abzenge Germans take back just sulficient
is practically exhausted of funds
eral Li Tsung Jen will remain in (THROUGH REUTER'S AGENOT.]
[REUTER'S AMERICAN BERVICE] of the Prime Minister, said the
and cannot float any more now
Canton in order that he may be event which has just taken place House would appreciate the deli palliatives" to stave off immediate Faristhe meeting of the cacy of the present international disasterddition, they have the as
loane, as the Shanghai bankern
in close touch with the Kwangtung LONDON, July 24/
HAVANA, July 23 military authorities. Trench and German Ministers nancial situation. He did not
are tired of feeding T. V. Boong
The field-l surance that the Franco-German" It is announced that the Foreign with funds,
Two thousand Chiness in Cube headquarters of the Fourth will give the London Conference think it would be in the public clouds have perceptibly lifted and Secretary had an interview with During the last two months, Nad will be returned to China in the Army will be, established at fweis special force and importance. In interest or in the interest of a auo-that-America is again taking an M, Sokolnikoff. Ambassador of the King has fosted new loan amount: next two months, according to cff-lin in order to facilitate militar the remance of the representativefnl carrying out of the recom of the assembled Governments, mendations of the Seven-Power active interest in European trou U.S.S.It to-day when the Anglo fogo 50 000 fials at the Chinese Legation he recon with to give expression to my hips Conference that discussions should The London newspapers are invict debt question was discussed.parison, it can be seen that the cause they are suffering from econo. The people's volunteer corps will that the initial conversation which take place.
Mr. Henderson will have au fosacial standing of Canton is in mic din fier the Legation be responsible to maintain Renco no wise convinced that the crisis other interview with him tomer much stronger position than paying the passages of thcso dear and order has just been held in Paris will
ing to be repatriated. has been more than postponed. Tow
ba
Prom View of Basulta,"
LONDON, July 24. situation, however it may develop.!! The "bird in hand theory does
Delicate Situation.
not dominate the London Center Questioned in the House of Com.co conclusions, for instead of MR.
colossal Icans hegotiated in the
but the prelude to a series of aime (Continued at foot of next column.)
HENDERSON INTER-
Nankin
CHINESE IN CUBA,
TWO THOUSAND TO RETURN TOʻGHINA”
Kwangs).
province