8
THE WORLD'S FINANCIAL
AMERICAN BANKER'S OUTSPOKEN STATEMENT
British Anti-Dumping Duties Welcomed by Industrialists;
FAILURE OF FAMOUS GERMAN ENGINEERING FIRM
(REDTER'S AMERICAN SERVICE)"
WASHINGTON. Dec. 30.
An outspokon statement with re- gard to the debt position was made by Mr. Charles E. Mitchell, Chair man of the National City Bank of. New York, to the Finnes Commit tee, of the Senate, when tha Com-- mittee was considering the Hoover: War Debts Moratorium resolution.
Mr. Mitchell said he was of the opinion that it would be a miracle- if Europe could resume the debt payments at the end of the mors torium, and suggested it would be wise to make some further exten- sion, or adjustment." He could not conceive it ponsible that Germany would pay ap her politien! debts,
· beenuse-it would bring rebellion"to" German youth against payment.
THE NOOVER MORATORIUM
BILL
WASHINGTON, Dec. 19. The House of Representatives has approved of the Houver Mora torium Bill with an amendment declaring that the cancellation or reduction of foreign
delta is against the policy of Congress. The division resulted:"
For Bill" Against... 100.
317
Majority........ 207
WASHINGTON, Dec. 19. The Hoover Moratorium was up- proved by the Finance Committer of the Senate to-day,
BRITISH ANTIDUMPING
DUTIES
(BXITISH WIRELESS SERVICE]
RUGBY, Dec. 18. Newspapers state industrial and eommercial opinion as welcomed the new anti-dumping daties that came into force to-day
The Time says it is considered' that the greatest benefit of the new imposte will be felt ultimately by cation and woollen mills; clothing and hosiery factories, manufactur- ern, of wireless valves and electric lamps and fittings, but the stimulus to home industries will not be seriously felt until the prement de eunnlated stocks of foreign goods of these classes have been closed-
The Daily Telegraph says the fifty per cent, duty imposed is ad ditional to and not inclusive of any imposta to which any goods were liable before the isauo of the orders. There are some imports which have been subject to a key industry duty
antoring into option bargains: A further step towards normal con- ditions was, marked to-day when. the Committee announced that op tion dealing would be resumed on Monday.
STERLING FIRM...........
BRITISH WIRELESS BERVICE"]
HONG KONG DAILY PRESS, MONDAY, DECEMBER 21, 1931.
AUSTRALIAN ELECTIONS
SEATS
WILL JAPANESE OCCUPY CHINCHOW
UPHEAVAL
LONDON CIGAR STORE "RAIDED
SCULLINITES LOSE FIFTEEN CONGRESS 'NO RENT
CAMPAIGN
Nationalists Head the Poll
(THROOGE RELTEX'S. AGENCY.}
BANDITS ESCAPE INTO
THICK FOG
Tantalising Position of Guardsman Sentry
(THROUGH REUTER'A | AGRNOY.]
LONDON, Dec. 20. Four degantly drossed bandits last night drew up in front of a cigar store opposite St. James' Palace and inder the eyes of a Guardsman gentry, who was un- Balony, Dec. 19.
able to move from his best, smash Storlog on New Yurk to-dayed the window and took away a opened firm at 3.38 dollare against costly "cabinet the overnight closing level of 3.34.
containing. 2,000 cigars. They then drove off furi- ously into the fog.
GERMANY'S FOREIGN
CREDITS
BERLIN, Dec. 19. After sitting twice daily for ever s week, the representatives of bankers, who are negotiating the new atandstill agreement for Ger many's foreign credits, decided to adjourn from Dee. 22 till Dec. 28.
The negotiations, which it is an nounced are progressing steadily and bamoniously, are apparently based on three proposula'
(1) The Anglo-Swedish proposal to contique the standstill agree- ment on a quarterly basis which the Germans supported, but to which the Americans object,
(2.) The Swiss and Dutch Bark- ers reported demand that the in
The Guardsman: persuaded a passing motorist to give chase but the-bandits escaped:
INTERNATIONAL
TIN POOL
SIGNATORIES AGREE TO
ví
REMAIN IN SCHEME.
BRITISH WIRELESS SERVICE.]
Ruany, Dec. 18. The Committee of Control of the International Tin Pool, met at Paris yesterday.
A communiqué later issued states that the Poof now holds 10,000 tons
THE
NOW SHOWING SIGNS OF BREAKING DOWN
Mohamedan Landlord Burned to Death
MELBOURNE, Dec. 19 HE Nationalists "bava beaten the Socialists in the General Election:
Messrs. Scullin, Bruce and Hugher have been re-elected; while Mr. Theodore was bonton. The Nation alists already sumber 37, compared. with 23 at dissolution of Parlapaign is waning, owing to the ban
The Congress..
ment,
U
||
The Nationalist Mr. Lyons in mentioned as the new Prime Minis
ter,
FINAL POSITION,
"14"
THROUGH REUTER'S AGENCY.]
LUCKNOW, Doc. 20.
no rent.cam
the United Provinces, and the Government, and also to the fast that the sale of the sugar crop, owing to the fall of imports from Java which were hit by tariffs, is The Baul state of the Parties to holping tenants to pay their ranta. as follows:---
A Mohamedan landlord, Syed Im- ranai. with two of his servants, was burned to death by tenants, apparently in connection with the no-rent-campaign, in a village In the Amroha district. The third servant escaped and, returned with police, fuding the bodies burned to daher.
Lyonites.
Scullinites
37 16
Countryftasunaína
14
Langites annon Independent
1
GAINS.
Lyonites
Countryltes
Langites
15
*
Independent
LOSSES,
Scullinites
SHORTEST CAMPAIGN ON RECORD.
CANBERRA, Dec. 18 Polling in the general elections opens to-morrow (Saturday) at the conclusion of a fortnight's bitter campaign, the shortest on record.
All the party leaders are op
terest be increased to 8 per cons of tin, the whole of this appearing timistic, but it is not thought like.
The Germans, however, declare this will preclude the potability of an early mortisation,
(3) The Americans demand that the ultimate beneficiary of foreign credits give fuarantees in addition to the German bankers. Tha Ger. mans object to such n additional burden on their industry."
FAILURE OF MESSRS. BORSIG
THROUGH BRUTER'S AGENCY. Į
BERLIN, Dee. 18. It is explained that the failure of the famous engineering firm, Borsig, saly affects the works in Berlin, not the main concern which has factories and mines in Upper Silesia.
in visible supplics.
All signatory Governments to the international tin quota agreemant are now agreed to remain in the scheme for the control of tin for three years from the 12th August last, or until the prior liquidation of the Pool.
They have approved the revision of the sliding scale of prices which provides that the present minimum pries of £150 per ton shall be in- oreased to £175 and this will now be the minimum price at which the initial amount of avo per cent. of the Pool's holding may be releas ed for sale, if and when this shall have been the average price of spot tin on the London metnl ex- chance during any completed calen dar month.
The next successive prico limit at which ten per cent. may be re- leased has been similarly increased to 2176, and the further recuse
Over four thousand workmen will be thrown out of employment,pries have been adjusted accord- though it is hoped to keep them ingly. The Committee emphasiac active until February completing that the Pool's tin is firmly beid the orders that are in hand.
and is cut of the control of Pool
The failure is attributed to a participants. It can only be dealt lack of fresh orders and to losses with under the conditions, stipulat abroad owing to the depreciationed in the Pool Agreement.
The firm's reliance
of thirty-three and one-third per of currency, cont., glass bottles and jars and
on foreign trade is illustrated b
wireless valves being eases in point the fact that eighty per cent, of its The impost will be one hundred manufacturers were for export. per cent whore fifty per cont. ad The Army has been established for
valorem duty was previously en-over eighty years. föreed. Cameras and their parts
become liable to
duties the equivalent to their value.
now
GERMAN COMPLAINT
BRITISH WIRELESS BEEVICH,}
Ruauy, Dec. 10.
The British Government in a friendly note to the German Gov ernment has discouraged the sug gestion of negotiations at the pro- arnt moment upon customs duties imposed under the Abnormal Im- portations Act on the grounds that the measures are of a temporary nature pending examination of Britain's tariff "policy.
The German Ambassador, yeator day, oalled at the Foreign Office leaving a memorandum pointing out effects of there duties customs on Gerdas exports to Britain...
LONDON STOCK EXCHANGE
BRITISH WIRELESS BREVICK.).
BUGBY, Dec 18. When a return to fortnightly ne- counts on the London Stock Ex- change was recently announced, it was decided not to reinstate the facilities for carrying over or for
DISARMAMENT CONFERENCE
GERMAN DELEGATION
ANNOUNCED
.
It was also learned to-day that well-known Thyssou Iron Foundry, at Hambora, Westphalia, is closing down from December 20 to January 4 owing to lack of orders.
BIMETALLIC STANDARDS
V
URGED
VANCOUVER, Dec. 20. The necessity for an international agreement for bimetallic standarda for silver and gold as the medium of international exoliange, with in creased fixed rates for silver, was again stressed by Mr. Stevens, the Canadian
Minister of Trade, Speaking at the. Vancouver Board of Trade he declared that any large potential increase in Canada's trade with the East depended on a world- wide agreement restoring the pur- ehasing power of silver currencies in the East.
1:
RUBBER OUTPUT RESTRICTION
HAGUE NEGOTIATIONS
[TERAUCH REVELL'E AGENCY.]
LONDON, December 19, The Financial Times learn from The Hague that a high official of the British Colonial Office and n few loading British rubber Kebwers are at present at The Hague with the object of continu ing the negotiations started in Landon, for the restriction of rub ber output.
201
The negotiations are said to be progressing favourably end agreement may possibly be reached very shortly. The restriction of output, it is thought, may be fixed at between forty and fifty per cnpt. ▲ Denial
LATER.
that Anglo-Dutch rubber negotia There is no truth in the report tions are proceeding at The Hague, It is officially considered mest un likely that a decision will be reach. ed at present.
ly that any party will sweep the polla.
The elections are the sequel to the defent of the Commonwealth Government una demand for the appointment of a select" com- mitles to enquire into an allega tion that Mr. Theodore had shown, political basis in his distribution" of the unemployment relief grant.
Only four unopposed, candidates Have been nominated, and 220 others are to fight for 08 sents. A feature of the campaign in New South Wales is the opposition of Scullin Labourities to Lang Labourites.
WEATHER "REPORT:"
Yesterday's weather report, forecast and remarks; issued by the Royal Observatory at 3.42: p., stated:
The anti-gyelone remains sta- tionary to the north of Peiping. Local Forecast:-N.E. winda, moderate; fair.
ATTEMPT TO DECOY
LONDON "GIRL
DRUGGED WHILE LOOKING AT SHOP WINDOW
Outrage in Busy Part of
Holborn
(THX2008 ARUTER'S AGENCY. į
3
NOT CONNECTED WITH "NO RENT" CAMPAIGN,
LATER.
1. HE burning of the landlord, Syed Imranal, and his two servants in a village in the Amroha district, is not connected with the "no rent campaign, as the cam paign has not yet ifäfted there,
AMERICA VIEWS SITUATION WITH
CONCERN
Another Warning to be Sent to Chang
Hsueh Liang
POSITIVE UNDERSTANDING BETWEEN RUSSIA AND JAPAN
WASHINGTON, Dec, 10. The warnings will demand": The United States his informed } withdrawal. inside the Great Wall Japan that the occupation of Chin.) within a stipulated time.
The Chinese Minister in Tokyo, chow 'will be 'viewed in Washington
"Mr. Chiong Tso Pin, proceeded to Nanking last evening in response to an urgent summons from the Chinese Government.in the after- noon.
as most unfortunate.
WASHINGTON, Dec. 18. The equntarmaqding of the order to the Japanese forces in Man churia, restricting their movements west of the Liao River, is causing Mr. Chiang Tao Pin visited Mr. considerable anxiety in all Foreign Inukai, Japanese Foreign Minis
·Offices.
tor, when it is reported, they ex A further expression of concern changed views on certain important Eas been communicated by the United States Government in affairs for nearly an hour, though friendly, but positive terms, to the nature of their convertations Japan
has not been revealed.
WASHINGTON, Dec. 18, Mr. H. L. Stimson has instruct. ed Mr. W. Cameron Forbes, the American Ambassador in Tokyo, ta emphasis to the Japanese Foreign Office the solicitude of the United States Government that the obligu tions of the Nine Power and the Kellogg Briand Treaties should be respected.
MANCHURIAN COMMISSION
PARIS, Dec. 10.
It is alrundy certain that General Claudel will accept the invitation to join the Manchurian Commis
It appears the landlord objected to the miscreants stealing his dission. trained sugar cane...
INDIAN TRAIN" DERAILED
ENGINE AND SIX BOGIES.
JUMP RAILS
Malicious Removal of "
Fish Plates
ל -
[TABOOGH BEUTER'S AGENCY.] A
CALCUTTA, Dec. 20. For the seccild time within a week a passenger train has been maliciously derailed in Indiag owing to the removal of dishplates.
The derailment occurred near Asansol, 110 miles from Calcutta.
There were no casualties, though the cagine and nine bogies jumped, the rails and are lying at an angle cf.. 45 degrees.
The other derailment occurred on Dec. 17, 0 miles from Bombay, One railwayman aping killed, and cre injured,
FOG ENVELOPES ENGLAND
ALL COMMUNICATIONS HAMPERED
Two Killed in Railway Smashi
[BRITISH WIRELESS SERVICE.}
Ruasy, Dec, 28
A heavy fog enveloped prac tically the whole of England to. day, land, sea and air communica tions being greatly hampered
Railway services were curtailed down. and road transport was alowed
[Genera! Claudek is a member of the Supreme War Council and in spector-General of Colonial troups, PARIS, Dec. 19. General Claudel is to represent France on the League Commission in regard to Manchurin, according to Le Journal,
So far.no British appointments
KUOMINTANG HEADQUAR- TERS ATTACKED
PRIPING, Dec. 10.
At Taiyuarifu the students you tordy surrounded and attacked the provincial Kuomintang Head- quasters: Pickets guarding the building opened fire, causing more than 20 casualties amo students,
"The local authorities are up parently siding with the students fur they arrested four prominent members of the Kuominatag and all the pickets, and sealed up the Kuomintang offices, which are new
passersion of the students. CHIANG CHAIRMAN OF
to the Committee, of Inquiry have [ NATIONAL GOVERNMENT?
been made.
NANKING, Dec 18.
The idea that the three great. Powers should nominate each a jurista, a soldier, and a commer-here this evening when it became A political sensation was caused cial member has been abandoned:
It is expected that Britain willed ciroles were forecasting, the re- generally known that well-inform appoint a jurist and commercial election of Chiang Rai Chek as member.
Chairman of the National Govern WASHINGTON, Dec. 19. The State Department has advis the Central Executivo and Centent ment when the plenary session of cd the League it will not objees to Control Committee of the Kuomin the participation of Mr. Walker bang takes place in a few daga D. Hinds an ex-Director of Rail ways, in the neutral Commission of Inquiry in Manchuria.
میاد
MR. STIMSON AND SENATE
fact that the forecast originated in Much significance attached to the the Cantonese camp..
Nanking and Canton leaders de
To-day a joint meeting of the oided to nominate Chiang Kai- Following the motion in Cen-Shek as Chairman of the National gress, Mr. Stimson has announced Defence Committee which is in that he is ready to table the Goy tended to be set up for the control ernment's correspondence regard-
ing the Manchurian crisis, with the of the National Army. exception of certain documenta which he could not publish.
He is willing, however, to show thes latter to individual Senators confidentially.
OFFER DECLINED.
"NANEING, Dec. 18
It was learned Tate this evening that Chiang Kai Shek had declin WHY RUSSIA ACQUIESCED Chairman of the National Govern ed the offer of re-election to the
LONDON, Dec. 19,
mont, and it is understood neither.
The existence of an understand. Hu Han Min nor Wang Ching Wez ing between Tokyo and Moscow redare likely to hold the post which churia in reported by the Daily either political or military power. garding the situation in Man-may go to an sider statesman as the post will not in future carry Telegraph's Diplomatic Correspon- dent, who says the understanding is It is forecasted that among the not purely a tacit, but a positiv plenary meeting are C C W
appointments expected at the i
one.
Russia is intent on making the fullest capital porsible out of what it regards as the definite occupa tion of South Manchuria by Japan.
Tho Correspondent says that since the Japanese occupation will drive a wedge between China. Proper and the Russian sphere of influence in North Manchuria, the Soviet considers that its hold over the Northern Railway will now be strengthened and not weakened by the Japanese occupation of the Bouthern zone.
Head Judicial Yuan), Sun To Heat Executive Yuan), Eugene Chen (Foreign Minister), T. V Boong to remain as Finance Minister.
- LONDON, Dec, 20,
· MORE OFFICIALS LEAVE There was an amazing attempt to
FOR NANKING drug and decoy a London business Road surfaces were rendered girl last night
(From Our Own Correspondent.) treacherous by a sharp frost and The girl was examining Christ-saveral accidents occurred owing mas gifts in a shop window in a to skidding, in the banks of fog.
CANTON, Deo, 201 A further party of officials of the there was a pin aticking in her on the Watford by-pass road, near Correspondent, busy part of Holborn, when Eighteen cars and two lorries woman touched her arm and said were involved in a series of crashes
Canton régime, including Admiral In other words, declares the Chen Chak, General "Chang Wai Мовсо intends Cheung Mayor T. B. Ching, Mr ubat. The woman then moved off London, but few of the occupants that its tenancy of the Chinese Lam Vick Chung and Mr. Liu but returned and plended sidness were seriously injured, only two area, through which runs the Wan, left here for Nanking yester and asked the girl to assist her to requiring hospital treatment. her car. The girl, who became sus.
Chinese Eastern Railway, will be day to attend the Fourth Plenary The Dunkirk to Tilbury steamer, picious, declined and went to her Flammand, which
come a veritable occupation such Conference of the Central Euomin was lying at MESSENGER BOYS' FLYING office where she collapsed. A docnnchor, was holed above the water South Manchuria,
aa Japan is about to establish in tang. This formed the lant party of tor was called and, on examination, line in a collision of Gravesend
olegates from Canton, the others CLUB
it was found that the girl Ind been with the Ellerman, liner City of the chief reason why Russia offer. General Chen Taal Tongmire and
He adds that this, perhaps, is having gone more than a wook ama drugged hypodermically, She re
finitely stated that he will not go (Router's Special Service:) mained unconscious for three
to Nanking to attend the Confer CMC. He considers that his pre LONDON, Doa 19.
sence in Canton is needed. He will Private Flying Clubs are already
however, he represented by General Mow Pui Nam, is trusted sub ordinate, who went to the capital several days Ago...,
U.S. RAILWAY PAY CUT THREAT
[BEUTER'S AMERICAN SERVICE.]
NEW YORK, Dec. 18. executive officials of Class Irail Over one hundred Presidents and ways to-day agreed to serve thirty days' notice on the Unions of their thriving throughout Britain, auch as the Bus Drivers Flying Club and the Bank Clerks Club.
intention to cut all railways "by fifteen per sett.
The decision follows the refusal of the railwaymen to accept an 'im- mediate voluntary cut.
Dr Bruening, the Chancellor. will head a delegation comprising Dr. Von Buelow. State Secretary at the Foreign Offee, Dr. Nadolny, German Ambassador in Angora, It is officially announced that and Dr. Wolezeck, German Ambas. Lieut.-General Grocner, the Minis- | nudör in Madrid.
[THROUGH BAUTEN'S AGENCY.]
BERLIN, Dee 18.
ter of Defence, will attend the Dr. Nadolny will preside over first sittings of the Disarmament the delegation when Dr. Bruening Conference in February,
and Dr. von Buelow return to (Continued ne font of nets column.) Berling
The latest to be founded in the Messenger Boys' Flying Club, which is likely to rebut for ever the slander that messenger boys only loiter and whistle. M
In uniforms, each decorated with pair of silver wings, they are likely to move quicker than any of their detractors, and their whistle will not be heard.
Forty boys of the Commercial Cable Company will receive their baptism of the air at Croydon nerodrome on Bunday after which some of them will have freetui tiin.
hours,
NARCOTICS
CONVENTION
SOVIET NOT TO SIGN INTER. NATIONAL AGREEMENT
{TUROCOM/XKOTER'S AGENCY,]
Manila. There were no casualties as a result of the mishap.
Flying to and from Croydon was rendered impossible.
ed nothing but the most platonic protest against the present. Japan- ese activities farther Bouth,
TWO WARNINGS FOR CHANG
Tokyo, Dec. 19. Mukden reports, received in
CANTON STUDENTS FOR NANKING
Ballway Guard Killed.
Ruany, Dec. 10 Two were killed and about, thirty injured in a railway collision, which occurred in dense fog late last night at Dagenham Essex, Tokyo yesterday, to the effect that when the 9.30 p.m. passenger train the Japancae are preparing, to de- from Fenchurch Street, London,liver an ultimatum to Marahal to Tilbury ran into the rear part Chang Houch Liang to withdraw all the schools in Canton will leave Some 210 students representing of a freight train between Barkin from Chinchow, are virtually con here for Nanking tomorrow to Moscow. Dec. 19. and Dagenham Dock Stations firmed in authoritative quarters, appeal to the Nanking authorities It is announced M. Litivinov, the The engine and four passenger It in understood that the Japan to take action without delay to re Foreign Commiser, has informed coaches were badly damaged, and cse Government is sending one over the territory now in the hand. the League of Nations that the four trucks were also derailed. warning to Chang Hauch Liang of the Japanere army of occupation Soviet does not intend to sign the One passenger and the guard of through the Japanese Legation in in Manchuria and to punials Gen International Narcotic Convention, the freight train were killed: Poiping, while General Honjo will eval Chang Hauch Liang but will use its own legislation Rescue work was rapidly organised send a similar warning direct te inability to keep the Jan against the abuse and smuggling but hampered by fog
Jung Chin, Chang Hauch Liang's troops out. thereof,
(Continued on Page 7.) Chief of Staff.
(Continued en
•