+1
66
HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 18, 1931.
WORLD'S MONETARY FIVE POINTS”
SYSTEM
FLEA FOR REINTRODUC-
TION OF SILVER
(THROUGH REUTER'S AGENCY.]||
LONDON, Nov. 17:
A ples for the British Govern- enent, if possible with the support of the Dominions, to convene, or to agree to participate in an interne- tional conterence with a view to the re-introduction of silver into the world's monetary system, was ndvated by Sir Robert Horne, chairman of the Silver Association (which was recently promoted by the China Asociation), in a long article in the Times.
ROUND TABLE CONFERENCE
COMMUNAL QUESTION STILL UNSETTLED
(BRITISH WIRELESS SERVICE,)
RUGBY, Nov. 16.
The position of the Indian Round Table Conference took a more hope fill turn to-day, and it now seems certain that the final plenary session will not take place this
week.
Eo reiteraton the Muggestion that central banks might be authorised to keep a proportion of their metal lie ourrency reserve in silver, and declares that the Silver Association in convinced that a powerful group Three questions upon which dele. of communities, such as the British Empire and the United States, could gates' views have not been express- do much to mitigate the worst, od, namely the Army and External offects of currency fluctuations. Affairs, commercial discrimination,. Though complete international and finance, are now under discus agreement is perhaps at present sion in the Federal Structure Com- impossible, nothing is more likely mittee. to assist it than an agreement. babween the British Empire and the United States, with the co- operation of France, If, as the result of mach an agreement, silver were re-introduced into the world's monetary systems the present de. ression would end and prices could be rendered comparatively stable and on a higher level.
تو
British Government Against Conference.
This favourable development "was. made possible by the response to an appeal by Lord Sankey at to: day's meeting supported by Lord Reading, Mr. Wedgwood Bean and the Prime Minister.
Mr. MacDonald emphasised the Government's very strong desire to hear an expression of the delegates opinions. He understood there was some reluctance on the part of the committee as a whole to discuss these questions until the communal settlement was achieyadi.
The position could, however, be safeguarded by making it clear that the delegates were speaking with,
reserve ponding the settlement"|
The Government would be very disappointed indeed if these sub- jects were not discussed,
LONDON, Nov. 17. The Government does not consider that any useful purpose would be served by calling an international conference on silver, declared Mr.all N-Chamberlain in the House of of other matters. Commons "when replying negatively to the two fold suggestion for a international conference for the stabilization of silver and a conter-
After the adjournment, during ence of Anglo-China and Indo- which the Muslim delegation were Japan views for the establishment consulted Mr. Jinnah said he was of a silver currency in the Far East.authorised to agree to a discussion, with the reservation that until Mussalmen's denminde and safe- guards were incorporated in con- stitution it would not be acceptable to them.
HONG KONG,
CURRENCY
REPORT
COMMENT BY FINANCIAL.
TIMES
"
THROUGH REUTER'S AGENCY.]
Losbos, Nov. 17. The Financial Timex commenting on the Hong Kong currency report points out it was compiled before The suspension of the gold standard While this fact would have strengthened the decision against immediate stabilisation, of the dollar, the knowledge thereof could scarcely have altered the direction of other arguments.
by Britain.
"FROZEN" CREDITS. IN
GERMANY
MAY BE DISCUSSED IN PARIS
Iranovon KESTER'S-AGENCY,||-
Sir Muhammad Shaft endorsed this view and Lord Suekey con gratulated them on the concilia- tory spirit they had shown... Doctor Ambedkar on behalf of the depress. ed classes agreed to proceeding with the discussion subject to a similar reservation. Sardar Ujjal! Singh and Mr. Gavin Jones asu agreed that the working of the committee should proceed uninter agreement op the
uptedly in hope of reaching an most difficult problem later
Tej Sapra to speak on the Army The chairman then called on' Sir and external relatives. Discussion proceeded and will be continued. to-morrow,
Question in Commons.
At question time in the House of Commons, Mr. Winston Churchill asked the Prime Minister, whother, in the event of his arbitration on the Indian communal difficulties being accepted; his award would be binding on the Government and Parliament.
Mr. Ramsay "MeeDonald replied- that on condition every member of the Round Table Minority Com adstre agreed in writing to accept his proposals and pledged himself PALIS, NOV 15."
to support and work within them In connection with the suggestion until such time as an agreement that Sir John Simon, during his was reached among the minorities visit to Paris to attend the League themselves, he had offered to decide Council meeting, would also engage on a scheme which could be put in informal conversations with M. into operation temporarily.
If re- Briand, and Herr Von Buelow requested to do so be abould do it garding German reparations and with the approval of the Govern the E000.000,000 short term credits ment but the Government know. frozen" in Germany; it is under that no solution could be final with stood that Sir John, Simon does not out the sanction of Parliament. intend to negotiate with the French Government during his stay.
Doubtless, he will sense the at- mosphere in such conversations a he may have with members of the French Government.
Bir John Simon's role will, how. ever, be one of a listener rather thas a talker, as his sole reason for coming to Paris is to dead with the Sino-Japaneno question, which he has been studying hard since he went to the Foreign Office,
CREATOR OF MODERN
MOROCCO"
PAYS VISIT TO LONDON ON 77th BIRTHDAY
[BRITISH WIRELESS SERVICE)
R.100 SOLD FOR SCRAP METAL
(THROUGH NEUTER'S JOENCY.]
STILL STUMBLING BLOCK BRITAIN'S PLANS TO
Compromise Formula"
Criticised
JAPANESE OFFICIALS ANNOYED
4.
"U.S. EFFORTS TO PERSUADE JAPAN TO EVACUATE FORBIDDEN TERRITORY
BUT WILL NOT USE FORCE
GENERAL MA
TO BACK UP DEMANDS
DELIVERS ULTIMATUM TO JAPAN
ROUTER AND BRITISH WIRELESS.)
TOKYO, November 17.
THE REPORT THAT MR. YOSHIZAWA AND DR. ALFRED SZE WERE “PREVENTED" FROM ADDRESSING THE PUBLIC MEETING OF THE LEAGUE APPEARS TO HAVE CAUSED "ANNOYANCE IN OFFICIAL CIRCLES, WHICH ARE OF THE OPINION THAT IT IS IN THE LEAGUE'S INTEREST, AS WELL AS JAPAN'S, THAT THEIR RESPECTIVE SPEECHES SHOULD BE MADE PUBLIC, AS WORLD OPINION WILL BE UNABLE TO JUDGE THE MERITS OF WHATEVER DECISION IS REACHED IF THE CHINESE AND JAPANESE EXPOSITIONS ARE KEPT SECRET.
CONFIDENCE IS EXPRESSED THAT MR. YOSHIZAWA'S EXPOSITION WILL RESULT IN A FAVOURABLE DECISION FOR JAPAN.
MILITARY TRUCE MAY BE CALLED
PARIS, November 17.
THE MYSTERIOUS "COMPROMISE FORMULA" IS STILL VERY MUCH ALIVE, ACCORDING TỔ L'EXCELSIOR WHEN DECLARING THAT GENERAL DAWES, SIR JOHN SIMON AND MR. MATSUDAIRA" DISCUSSED THE IDEA IN LONDON, WHICH, WITHOUT FIXING DEFINITE DATES, AIMS AT ENABLING THE JAPANESE GOVERN MENT TO WITHDRAW HER TROOPS UNDER THE BEST CONDITIONS FOR THE SECURITY OF THE LIVES AND PROPERTY OF HER NATIONALS.
MEANWHILE, A MILITARY TRUCE WILL BE CALLED WHILE CHINA "AND JAPAN NEGOTIATE DIRECTLY. THERE IS NO INDICATION, HOWEVER, OF ANY "COMPROMISE" SO FAR TO COME AS A PURVIEW AT THE PRESENT MEETING.
IT IS CLEAR. HOWEVER. THE NEED FOR SOME SUCH FORMULA DOMINATES THE PRESENT AIMS
GENERAL DAWES' ACTIVITY REFLECTS THE LIVELY AMERICAN CONTRIBU- TOON TO THE PROCEEDINGS. BEFORE THE PRIVATE MEETING THIS MORNING GENERAL DAWES SAW MR. MATSUDAIRA.
AS SURMISED DR. SZE AND MR. YOSHIZAWA KEPT THEIR SPEECHES IN. THEIR POCKETS YESTERDAY AT THE EXPRESS WISH OF THEIR COLLEAGUES, WHO WERE ANXIOUS THAT THE DELIBERATIONS WOULD NOT BE COMPROMISED FROM THE OUTSET BY THE DISPUTANTS BORMALLY SETTING FORTH APPARENTLY IRRECONCILABLE DEMANDS.
A SIMILAR DESIRE TO KEEP THE AVENUES OPEN TO EXPLOIT A SPIRIT POR A COMPROMISE INSPIRES M. BRIAND'S WISH FOR PRIVATE DISCUSSIONS, IF POS SIBLE, UNTIL PROMISING OUTLINES FOR A FORMULA DEFINITELY EMERGE
IT IS LEARNT THAT DR. SZE ASKED FOR PERMISSION TO ADDRESS LAST NIGHT'S PRIVATE MEETING BUT DESISTED AT M. BRIAND'S REQUEST...
PARIB, November 17
Neither the Chinese nor the Japanese delegates were invited to attend the private meet ing of the Council which met at 10.30 am. It is understood that questions of procedure are being discussed, but that a public meeting may be held later to day.
MURDEN, November 17, GENERAL MA CHAN SHAN HAS DELIVERED AN ULTIMATUM JAPANESE TO EVACUATE THE NONNI RIVER AREA.
AMERICA'S ATTITUDE
TO THE
NEW YORK, November, 17. · The American attitude towards Japan as set forth in the Herald-Tribune is that the State Department is sending firm notes to Tokyo, declaring that the United States supports the~ League efforts to persuade Japan to evacuate forbidden territory in Manchuria. Simultaneously, however, the Japanese Ambassador was privately assured by Washington that the United States- will not go to the extent of backing up her demands by force.
MORE DATA REQUIRED FROM JAPAN AND CHINA
PARIS, Nov. 17.
ALL DANGER OF BREACH
"OVER?
PROTECTION OF EMPIRE TEA
STRONG PLEA BY SIR CHARLES MCLEOD
(THROUGH REUTER'S AGENCY.]
LONDON, Nov. 17.
CHECK DUMPING
BILL TO BE RUSHED THROUGH PARLIAMENT
[TRÁQUGE KEUTER'S AGENOT. 1
LONDON, Nov. 18. The time for more debating in past, declared Mr. Walter Runci man, President of the Board Trade, in the House of Commons to-day, outling the Government's plant for checking tmports which have been sxcessive in recent weeks, in anti sipation of the impbaition of Cus toms duties
It was the concluding day of the debate on the Address in Reply and Mr. Runciman's statemens had been awaited with the keenest interest
Mr. Runoiman announced that ■ A strong plea for the protection Bill would be introduced tomorrow of Empire tea, was advocated by Sir and enacted before the end of the Charles McLeod when addressing week, empowering the Board of the Royal Empire Society. He con-Trade to impose a duty up to cae tended that all requirements of the hundred per cont. upon the se Empire could be met by Empire-ful range of manufactured and grown tea, but for years Britain semi-manufactured goods. A had suffered the dumping of tea The announcement was greeted by grown in the Dutch East Indies,loud Conservative cheers. which, was admitted free in Britain whereas Holland imposed an import duty on ten of seven ponce per lb. Moreover the Dutch Indies ton was blended with other vens unknown
It is believed that the Rill wil to the public Meantime the Em have passed through all its stages pire tea industry was suffering by Thursday. The emergency put heavy losses, the selling price not 'ers granted under the Bill will covering the cost of production and operate for a period of six montas many ten companies in India and Ceylon were in a serious position.
Empire producers were ready to agres to an imposition duty, pro vided a substantial preference was given to Empire tos.
BUY BRITISH PRODUCTS
PRINCE OF WALES APPEALS TO BRITISH PUBLIC
(THROUGH REUTER'S AGENCY..)
LONDON, Nov. 16. The Clarion ery of "Buy British was uttered by the Prince of Wales in a stirring speech, which was broadcast, at the inauguration of the Empire Marketing Board's great campaign to-day,
The Prince declared that buying British also implied selling. British, and to accomplish this it needed" good honest team work all along the line.
His Royal Highness urged his listobers to Buy home products Arst, and Empire products: second.
Abnormal Importa.
Mr. Runciman explained that in anticipation of possible changes in British fiscal policy there been an abnormal volume of importatiqu. Two years ago when trade was so tive, the importation of Class B or manufactured and mainly manufac tured articles were at the rate of. twenty sight million pounds per month. For the bon days of Novem ber they were at the rate of thirty five million pounds per mouth..
Government had to deal with eaca problem as it arose, practically and without preconceptions.
The permanent way of restoring the trade balance was by expanding exporta rather than by ourtailing imports but the two thing were not incompatible and he hoped that would be reserved for ossentials. To British purchasing capacity abroad. allow goods to be imported in the present abnormal quantities would defeat the ends of the Chancellor impose duties. of Exchequer if he wore later to
Agriculture Not Included,
The Government, Mr. Runciman on the solution of the diflculties stated, had not included agriculture of which the Minister of Agricul ture was already at work-and bad chosen Class B manufactured and mainly manufactured goods to which to apply the Act because they would be able make a large and effective selection within this class without detriment to other industries and without increasing the cost of liv
"
[BXITISH WIRELESS SERVICE)
Ruary, Nov. 18 The Prince of Wales said he badtad, the appeal not only as consumer but also as a farmer and breeder in both England and Canada, as Master of the Fishing Fleets he was concerned to see the arduous labours of the fisherman justly rewarded, and as one who was able to travel widely in the Empire Overseas and to realise how
Of Flexible Character: greatly their prosperity and their Introducing the Bill, in accor ability to buy from the United dance with his statement, Mr. Hunt. Kingdom depended upon their fid- ciman said that it would be limit- ing in Britain markets for their owned, but of a flexible character, con- produce.
WEATHER REPORT.
Yesterday's weather roport, forecast and remarks, issued by the Royal Observatory at 5.50 p.m., atated;~~-
The anti-cyclone over N.E. China in strengthening. The typhoon appears to be about 100 miles SW. of Guam, its direction of motion is uncer.
Local Forecast-N.E. wide, moderate to fresh, fine tn "cloudy.
TYPHOON WARNING.. The following typhoon warn- ing has been received by the American. Consulate General from the Manila Observatory
Manila, Nov. 17, 8 p.m.- Typhoon in about 140deg. Long. E. and 10deg. Lat. N., direction unknown.
members of the Council, other than
RUSSIA NEUTRAL after listening to M. Briand's ex-
The Council separated at 12.43 the representatives of the two dis
putant parties, met this morning
LONDON, Nov. 17," for an exchange of views, "It was
tain. A further categorical denial of position of the situation and a reagreed in the present state of the reports stating that Soviet troops port of negotiations with the Chi.question, and with a view to obrare assisting the Chinese in Man- talning certain information, that churia was issued to the Press by dese and Japanese delegations. they be requested to their next the Attaché to the Soviet Embassy meeting which will not be held in London. He declared that until Nov. 19 at 11 am, During Soviet troops were not participat that meeting the members of the ing in any form whatever, Council will discuss the fixing of a date for the next public meeting."
BRITISH PRESS RETICENT
PARIS, Nov. 16. LONDON, Nov. 17. All danger of a breach over the While the British Press devotes Manchurian question has definitely considerable space to reports of ended. This is the belief widely yesterday's session of the League shared as a result of today's meat- Council, the disposition in Londoning of the Loogue Council, at which in to refrain from comment at the there was nothing to suggest or present stage of the deliberations.
hiat of any course being taken by, Politicnd observers here, however, passed by the Council, on tower of enforcing the resolution are relieved that yesterday's pro-94 coadings were steered through witch- parties in dispute... out public controversy between the
It became clearer and clearer that the chiles, and practically only, stumbling block is the famous " fvc conditions" and it was decided to 'adjourn until tomorrow to enable LONDON, Nov. 16. M. Briand to give more detailed The giant airship R.100 has been
information on the specific points sold to a London firm of metal mer- chants for dismantling purposte,
Involved in the Japanese demand, this being the sequel to the It is understood they will be Premier's announcement the House of Communs in September, asked to furnish details of what that the airship would be disposed treaties are involved, thus it will of owing to economy needs,
te possible to appreciate io whint degree the question of the safety cessful fight to Canada in 1930,
of nationals is involved in these treaties, and to what degres it is matter purely of economic inter- osts,
3
The huge dirigible made a sue
WORLD ARMAMENT TRUCE
ACCEPTED BY ALL... GOVERNMENTS
When this data is obtained the Council will explore the avenue calculated to bring about, an under. standing.
M. BRIAND SUMS UP
The opening of the proceedings suffered expressive publicity with Meantime, the French Press is shutters and the fish of magnesium the disturbing rattle of camera devoting considerable space to com exploding like gunshot. The dis- ling of which is that of Le Mating that they caused M. Briand to ment, Perhaps the most interestseminating fumes were so distress. which is of the opinion that it is suffer a violent attack of coughing, beiter for the League to act" direct ly through its agents in Manchuria, rather than to emphasize the Coun- cil meeting too much, and says it In summing up the Manchurian is useless to discuss the various position, M. Briand said, that not- articles of the Covenant of Paris withstanding the October meeting while clashes are still to be feared of the Council being able to in Manchurin, therefore, diplomatic obtain the cassent of the two representatives in the Far East parties concerned to the draft mitting them to intervene with great moral importance, they The greater efficacy."
(Continued on Page 12)
Mr. Runciman's statement was ro ived with loud cheers by the Licy. erniment's supporters.
ferring powers to impose duties on certain classes of goods, within limits.
The Government wished to pre- vent importers from forestalling the duties which might be imposed later za part of a settled scheme of tarilla.
Care had been taken in drafting the Bill to avoid rigid provisions likely to be disadvantageous to ex changes Sterling, therefore, would bo protected by checking inzioces sary imports.
Britain, it last vouchsafed à de Anite indication of the Govern- ment's intentions to redress the trade balance, has been amazed or delighted (according to the view- point) to her auch full-blooded proposals from the lips of Mr. Wal ter Runciman, who has hitherto been a staunch Frote Trader.
"It is no use taking half mer aures," declared the President of the Board cf Trade, at the samne time decrying unscientiße panic legisla tion.
Dog? A. Forestalling Bill"
For example, he said, the Gov. ernment deca not intend to ignore the great shipping industry. It was also determined to do nothing t hinder the payment of foreign debt to Britain. He held that cną u ful investor was worth more than seventy Acts of Parliament, but Er the moantime, the imports of ronds of the class to which the Bill would apply had increased to £29.000.000 WELCOMED BY MR. STIMSON the first ten days of Noveren
SIGNOR GRANDI IN AMERICA
{REUTER'S AMERICAN SERVICE)
Signor Grandi, arrived here to-day
WASHINGTON, Nov. 17. The Italian Foreign Minister, and was welcomed by Mr. Stimson They immediately proceeded ta White House,
and any steps to be taken id eurb this must effectively reduce this strain on our purchasing power abroad,
agriculture. The Minister of Agri-
The Bill would confer emergency: powers. "It is a forestalling Hill,”
culture is preparing proposals which and therefore does not include
will be ready, shortly, 2
Incidentally, when reviewing foreign influences, Mr Runciman
RUGBY, Nov. 17. Marshal Layautey, who celebrat ed his seventy-seventh birthday to day, is paying a short visit to, London as the guest of the United
(THROUGH REUTERʼN ÁOKHUY.) Associations of France and Great- Britain.
GENEVA, NOV. 10. Creator of modern The one year armaments truce, morocgowan grested at Victoria beginning from November 1, line last night by the French Amba" been accepted by all Governmenta dors representative of the War invited to attend the Disarmament Office and remakers of the French Conference in Jebruary next states Colony, and later at a dinner in a circular letter, sent by the 'Beore morningʻa, private sitting," which should be given instructions per-solution, the resolution was still of sub-committee was already dealing slightly increased demand for Bri his honour paid tribute to Britain' tary-General to the League, to all genlus for colonial administration. Governments sonoɛrned.
Tiro
NEXT MEETING TO-DAY
PARIS, Nov. 17.
The following communique was izsued at the conclusion of this
terminated at 12:45 p.m.
aurance that there need be no im- trouble was having a direct effeat Mr. Runciman finally gave an as- remarked that the Sino-Japanese patience over the Imperial Econo- on some of our industries. The Was mic Conference because it was not no doubt that the boycott of Japan being held until July A Cabinet ese goods had naturally led to with questions relating to the Constich bextiles in China.
(Continued on. Previous
ference.
Column