POSTPONEMENT OF
WAR DEBTS
'AMERICA REPLIES DEFINITELY IN
THE NEGATIVE
DIVERSITY OF VIEWS EXPRESSED
(REUTER'S AMERICAN DERVICE. }
A DIVERSITY OF VIEWS ARE EXPRESSED AT MR. HOOVER'S - STAND IN REGARD TO THE DEBT QUESTION, THOUGH, OR THE WHOLE, THEY ARE GENERALLY WELCOMED.
THE NEW YORK TIMES SAYS THE PRESIDENT REALISES, WITH THE CHANGED WORLD CONDITIONS, THAT THE PERIL IN WHICH THE WORLD STANDS MUST BE TAKEN INTO AC COUNT AND REBUKES CONGRESSMEN FOR EXPRESSING SENTI- MENTS OF HARSH EXACTIONS UPON HONOURABLE, FRIENDLY AND HARASSED DEBTORS. THE PAPER FORESEES NEW · DAN GERS UNLESS ENGLISH-SPEAKING NATIONS STAND TOGETHER, AND PARTICULARLY EULOGISES BRITAIN'S FORTITUDE IN GRAPPLING THE TITANTIC PROBLEMS AND ITS HIGH CONSIDE. RATION FOR 'AMERICA'S DIFFICULTIES IN CONNECTION WITH WAR DEBTS.
THE BALTIMORE SUS CONSIDERS THAT THE LESSONS OF THE CATASTROPHE GATHERABLE FROM A DECADE OF WAR DEBT IDIOCY IS NOT YET PUBLICLY RECOGNIZED; WHILE THE DR TROIT PREK PRESS DECLARES THAT MR. ROOSEVELT HAS FAILED TO GRASP A UNIQUE OPPORTUNITY AND REBUKES HIS ALLEGED STATEMENT THAT THE MATTER IS NOT HIS BABY." THE PHILADELPHIA INQUIRER POINTS TO THE DANGER OF DUMPING GOODS IN AMERICA; AT. CUT-THROAT FRICES, OWING TO THE DEPRECIATION IN CURRENCIES.
WINSTON CHURCHILL'S SEVERE
CRITICISM
WASHINGTON, Nov. 23. President Hoover's statenien reiterates his opposition to the cna- cellation at the debts but suggests that the United States could be compensated otherwise than in ensh -for example, by the expansion of markets for United States products and the development of economic re lations which would contribute to a recovery of prices and trade.
The Matement emphasises that concessions by the United States would result in transferring the burdon from the taxpayers of other countries to the American taxpay- er, and concludes by stressing the relationship between the debts and disarmament.
President Hoover suggests that
the membership of the Agency to be orooled by Congress should be completely or partially identical with the delegations of the Econo- mic and Disarmament Conferences.
He assorte:
"If civilisation is to be per- petuated, the great causes of world
Whatever America might do, appealed to everyone in Britain realize that America had also face difficulties.
he
to
to
What Next? President Hoover's war debt de claration is not regarded as un- satisfactory in nuthoritative British quarters.
It is noted that President Hoover regarded the British approach, na reasonable, and British interest now centres on what will happen, on Decembar 15.
Geting Ready the Facts. President Hoover's statement that the debtor nations have mot sup plied foots justifying suspension of
the payments in recognised as por feetly accurate; therefore, it may now be expected that the Britis Government will despatch to Ameri- ea such facts and reasons.
HONG KONG DAILY PRESS, FRIDAY, NOVEMBER 25, 1932.
INDIAN FRANCHISE ALLEGED MASSACRE HITLER UNABLE TO
QUESTIONS
STEADY PROGRESS BEING MADE
(BRITISH WIRELESS SERVICE.}
RUGBY, Nov. 93. FRANCHISE questions were fur-
ther considered at the Indien Round Table Conference to-diny.
In regard ta the Depressed
Under the Poona Pact, the Do- pressed Classes will be entitled to 18 per cent of the generat Hindu seats in the Federal Legislature,
The Conference expressed itself in favour of special representation of Labour. Commerce and Land- lords in the Federal Assembly.
OF CHINESE
Japanese Open Fire On Villagers
INFANTS & CHILDREN BAYONETTED
A
(THROUGH REUTER'A · AGESGY]
NANKING, Nov, 21.
SENSATIONAL statement issued by the Foreign Office and published in Shanghai states:
Y
FROM CABINET
PRESIDENTIAL CABINET
SUGGESTED
[THROUGH REUTER'S AGENDY]
BERLIN, NOV. .. AS foreshadowed yesterday, Herr Hitler, the Nazi lender, has intimated that he is not attempt ing to form a Cabinet.
Hitlor suggests, as an alternative the formation of a Presidential Cabinet, with himself or another Nazi as Chancellor, to be invested with dictatorial powers so that he can dissolve the Reichstag, if it beccoms obstreperous, rule with out Parliament and dissolve the Constitution.
Hitler's Offer Refused,
BERLIN, Nov. 9. It is understood that President Hindenburg has rejected the Nazi suggestion of a Presidential Cabinet under Herr Hitler,
RICE DUTY PLAN
DELAYED
EFFECT ON SOUTHERN PROVINCES
(THROUGH REUTER'S AGENCY.]
NANKING, Nov. 24.
Canton Disapproves.
(CENTRAL PRESS.)
FIGHTING IN
MANCHURIA
JAPANESE ADMIT HEAVY -- LOSS.
(THROUGH REUTER's agents.]
The Japane captured 300 shella, a number of wagesia and one motor-
At Imienpo, where Japanese mili- tary have been sont, repairs are! being effected to the Snohval signalling apparatus, which was damaged in Wednesday's train wreck. The passenger service with Hailun, is expected to be resumed to-morrow.
HARDIN, Nov. 24. INTERVIEWED by Renter today, HEAVY kases in severe fighting
Mr. T. V. Soong, Minister of ᏧᎶᏎᎢ . Paichuan, whore th Finance, stated that the Govern-strength of the anti-Manchukuo ment has not yet decided on the Volunteer forces is Dow concon- Claasen olectorate for the Federal
In reply to President Hindoa- question of an import duty on rice. tratod, are admitted by the Japān- Assembly, the Conference agreed to
He said the problem was not a ese military headquarters. burg, Herr Hitler declares that in accept the recommendation of the A detachment of Japanese troops view of the President's conditions, simple ong, because the people of. The great drive in an effort to Franchise Committere that differen recently ordered the inhabitants of tial qualification of literacy should the villages of Pingtingsan, Chien-it is impossible for him to form a such provinces as Fukion, Kwang- crush the opposition in one smash- be adopted, With the ordinary chinapao and Litsekou, 10 to 50ment with a Parliamentary tung and Kwangai, normally iming blow is meeting with a series
majority.
port a good deal of rice from, of violent setbacks, although the qualifications" proposed by the 14 miles north-east of Fushun, to
abroad, and if there was a auddon Japanese claim to have made some Franchise Comunittee for the gan-assemble in a ditch west of Ping
imposition of a Customs duty on progress as the result of steady; oral electorate of the Assembly, this tingsan while Japanese troops
the grain, the people in those pro-pressure, despite beavy losses. would entranchise at least ten per searched the villages for Chinese
vinces might suffer.
The engagements round Paichuan, cent. of the Depressed Class popula-Volunteers, with whom the vil
to the south-west and south-east of tim, which the Franchise Commit- lagers were suspected of cooperate
port duty can be considered, role, but they cost both sides As a consequence, before any im- Wednesday, were not on a very big tee considered adequate, as they ing and harbouring the Japanese
rangements must be made between heavily in casualties. proposed enfranchisement of only promising a reward if the villagers
southern merchants and merchants, three per cent. of the general were found innocent. The Japan-
of rice-producing provinces, BD, AS He placed more than ten machine- population.
to ensure their obtaining cheap car. guns seventy yarda from the assem- blage and ordered the assemblage
rice without interruption. Other- to keel with their backs to the
wise, he stated, large masses of the machine guns. Some of the villa
people would be affected. gers rentising the fate in store for them commenced to run, upon which the machine-guns opened fire. stampeding a mass of screaming men, women and children, tho Moslem Doubts,
horrible clamour of which Subject to a satisfactory solution heard for miles. One hundred and of the question of mail minorities, sixty escaped slightly injured, sixty it was agreed that the British In died, seventy escaping. dinn section of the Federal Upper the infants, children and others House should be elected by Provin who were not killed by bullets were cial Legislative Councils by a single all bayonetted with the result that
NO HELP FROM GENEVA transferable vote, as previously pro- altogether 2,700 men, women and
WANTED posed by the Federal Structure children were carnaged." Japanese Committee of the Conference and soldiers piled up the corpses, cover
¡THRODOH REUTER'S AGENCY) supported by the Franchise Comed them with oil-soaked fuel and
But the offer has strings on it, If true, this amounts to an in- mittee, but the Moslem representa- buried them to ashes,
PEIPING, Nov. 24. tives indicated that they did not The Japanese have decided to and Hitler is reported as undeciderease of the burden of the people wish to commit themselves to using as the villagers' farms for Japan-ed whether to nerept or not.
as this is in the nature of a money" WE have never thought of seek- The United Press learned from loan.
ing the aid of the League. the method of the single transferable settlers.
reliable source that President Paul vote until they knew its probable
During the famine and flood last in securing the recovery of Man- von Hindenburg is willing to name year the American wheat loan was churia from the Japanese," declares, effect upon the communal propor-are
Hitler as chanocilor on the condi- justifiable for relief, but this year nese sources, has been sent to the a message which, nocording to Chi- tions in the whole House.
tion that Hitler continue the gener the harvest is good and the import three Chinese delegates at Geileva. al policies of the non-partisan of American wheat would adversely government of Franz von Papen, affect the Chinese farmers. which guided the affairs of Ger
The many for the past several months, and leave the composition of the cabinet in the president's hands.
Hitler told Hindenburg he want ed several days in which to think burg agreed to see him again next over the proposition, and Hinden week.
It was generally agreed that special interests should not be represented in the Upper House.
The session
was adjourned to
give delegates me opportunity, by informal discussions, to come to agreement on the question of the size of the Central Legidatures which indirectly raises the cation of the communal strength poesible
in the two Houses,
channels.
Mr. Churchill's View. Mr. Winston Churchill (Indepen
Was
"While
Similar outrages and massacres reported from Tikwanpao, Wangshapao, Linoyandarea Andi Dropbav,
DENIAL FROM TOKYO
TOKYO, Nov. 21. A Forsign Office spokesman has absolutely denied the report of the Chines massacre. He pointed out that the Fushun neighbourhood has been recently peaceful. right fabrication, similar to the Tanaka memorial to gain influence at Geneva. He pointed out that the same report had been printed by the Chinese newspaper Sin Wen Pao in Shanghai on Nov. 13.
He declared that it is an qut-
peace, world disarmament and not only to Britain, but the diff dent Conservative) in his first In Hong Kong
world trade recovery must prevail. They cannot prevail until the path to their attainment is built on honest friendship, mutual confid ence and proper co-operation be tween the nationa"
Political Leaders Divided.
The British view is that the facta are abundant and powerful. They include the economic disturbance culties casuing from fluctuating ex- changes, the movement of capital and the general disturbance of confidence if the payments are made.
Yurther Hint From Britain.
LONDON, Nov. 23.
speech, in the Commons since his recont illness, also dealt with the war debt question.
He deeply regretted that the question had, he was afraid, boon largely removed from the high cir cles of American statesmen whe understood the world position and President Hoover further suggests An important statement on the all arguments in this matter, and that where the immediate transfer British request to America for the was to a large extent in the hands of the next payment in dollars in- valve losses by both sides, America provisional suspension of war dehi of obdurate assemblies, newly elect payments, pending discussion, was ed, whose members had given speci- should consider a proposal to ac-
made by the Chancellor of Exche.fic pledges to their constituents. cept the transfera in foreign cur-
quer, Mr. Neville Chamberlain in rencies.
Political leaders are most divided a speech in London. in regard to the President's sugges tion of a Debt Commission. The position taken up by some leaders virtually eliminates all possibility of the debt question being seriously considered by the present Congress. No Complaint Against America.
(REUTER AND BRITISH WIRELESS.
LONDON, Nov. 23.
"I have heard it suggested," he said, "that there is further reason for the recent weakness of sterling, namely, the uncertainty about the outcome of our communication to the Government of the United States in respect to the instalment of the British war debt, amounting to about £28,000,000 sterling at the present rates.
No Ground for Anxiety,
A member of the Cabinet, com "I cannot see that there is any menting upon the American re-ground for anxiety or fear on, that sponse to Britain's war debt over
account.
tures, said he did not make the "His Majesty's Government have slightest criticism or complaint of made a request that there should be what had happened in America, a provisional suspension of the pay but he did want everyone to bear; ment while the matter is under dis- in mind that no-one could have cussion between the two Govern foretold the present position.
The amount of the war debt could ents. I do not think that is an
unreasonable proposal, only be paid by gold or by goods: and services.
Without attempting to anticipate the Dritish Government's dreimop in the face of the torturing pro blem, he believed that all wore agreed that "if we alone among all the combatants of the
Great War, victors or vanquished, are to be condemned, without receiving anything from our debtors, to pay, for nearly two generations, a vast ovoradas indemnity, as a punishment for the exertions we made in the War and as a penalty for our good faith afterwards, that would be a situation which would indeed be in- tolerable."
MR. ROOSEVELT'S OPIMON
SEPARATE APPROACH BY DEBTORS
{THROUGH REUTER'S AGENCY,],
LONDON, Nov. 24.
To-Day
FAIR
TO
YESTERDAY'S WEATHER REPORT, FORECAST AND REMARKS, ISSUED BY THE ROYAL OBSERVATORY, STATED: THE ANTI-CYCLONE HAS MOVED EASTWAND
БОСТА THE
OF JAPAN. MODERATE TO FRESH MONSOON WILL PREVAIL ALONG THE COAST TO THE SOUTH OF Foo- CHOW AND OVER THE NORTHERN CHINA SEA.
i
LOCAL PORECAST:-N.E. WINDS,
FRESH FAIR,
POUND'S NEW LOW LEVEL
DUE TO WAR DEBT VERDICT
(TOROUGH REUTER'S AGENDY,]
NEW YORK, Nov. 23.
HITLER AND HINDENBURG
COURSE OF THEIR NEGOTIATIONS
The
CANTON, Nov. 21. Kuomintang South-weat Executive Committee and. the South-west Political Council senti Berlia, Nov. 18.-After schein.a telegram this afternoon to the ing and dreaming for more than a Central Party Headquarters and decade with that object in view, the National Government enquir Adolf Hitler, German Fascist leading whether it is true that the er, has been offered his chance to American whent loan of 450.000 become chancellor of Germany, the tons, valued at 0812,000,000, has
bren approved. United Press learned today.
MANCHURIA AND
THE LEAGUE
The authors of the message, a joint telegram despatched yester- telegram
also enquires day for transmission to the Asseem-) whother it is true that the Finance bly of the League of Nations, sre Ministry proposes a thirty per cent the fourteen leaders of the anti- rice duty ad valorem. If so, this Manchukuo foreca in Manchuria, is inconsistent with the wheat loan including. Ma Chan Shan, Ting. not be subject to duty. The rice Wang Teh Ling because the people's necessity should Chao, Su Ping Wen, Li Tu and
duty will raise the rice price, which
At their conference the president guce increased will not drop. specified that Hitler adopt a defi- This will bring hardship to the nite economic programine such as
people. the "one year plan" inaugurated by von Papen.
Restrictions.
Hitler 'evidently was weighing the wisdom of accepting the res ponsibility of the name of chancel. lor under conditions so circumscrib- ing his netions.
Hitler, if confident that sooner or later his National Socialists and their allies could gain absolute con- trol of the Reichstag and the gov- erument, probably would prefer to wait until he could become chan cellor in full stature. Acceptance:
VICTOR SMITH'S PROGRESS
SAFE ARRIVAL IN FRANCE
[BRITISH WIRELESS SERVICE.]
RUGBY, Nov. 23..
of a compromise with Hindenburg THE young. South African air. probably would weaken his support, in certain quarters.
On the other hand, the recent election may have cast doubts in Hitler's mind whether he can ever dominate Germany on the basis of a clear majority at the polls, in which case he may be inclined to accept the offer as tendered, hoping that once in office aircUMBLAUNCH might begin breaking his way.
With as strong a political group as he has behind him, and the ad- vantage of heading the cabinet, Hitler undoubtedly could be s powerful influence in Gorman af- fairs.
Hindenburg Feeling the Strain. Then, too. Hindenburg, the one non in the Empire who cou'd effec- tively serve as a brake to prevent
man, Victor Smith, who, after being missing for some days has now continued his Capetown to England flight, left Oran before daybreak and soon after noon land- od at Perpignan, in the Pyrenees.
Later the Air Ministry received news that he had reached Avignon.
DIRECT TRADING
WITH INDIA
SCHEME TO INCREASE LANCASHIRE'S BUSINESS
(Special Air-Mail Service)
never
Tell the Truth. The leaders declare?
Wo "Tell the truth. thought of seeking the assistanco of the Leaguo, nor will we over approve a proposal for an inter- national
Manchuria, Trgime in which is entirely incompatible" with China's territorial integrity.
LEAGUE AND LYTTON REPORT
SENT BACK FOR ANY MODIFICATIONS
[DRITISH WIRELESS SERVICE.]
RoGay, Nov. 23. THE League of Nations' Council
resumed consideration of the Lytton Report at Geneva this after- noon. After hearing further state- mants by Mr. Matsuoka (Japan) and Dr. Wellington Koo (China), the Council dooided that the Lytton Commission should meet to decide whether, in the light of the speeches, they desired to modify this report.
STRATOSPHERE- RIDDLE
25 MILES UP IT IS WARMER
(Special Air-Mail Service)
LONDON, Nov. 8.
DOCTOR G C Simpson, the Director of the Meteorological
As a result of President Hoover's Hitler from giving full rein to his dobt decision, the pound alump programame, once, he were chancellor, ed to a new low level for the year, is 65 years old and peptibly
LONDON, Nov. 8. Office, when addressing the Insti- A representative mecting of ship-tute of Physics in London on Nov. namely 3.913.
According to the Frening Pant, growing weaker under the train of pers held in Manchester on Novem revealed how British researches
Germay's troublesome affairs. it is persistently rumoured in Wall
ber 1 approved in general out- Last summer Hitler refused to line a scheme to increase the Lan
into a mystery of sound had dis Struct that Morgan's have take a part-share in authority by cashire trade in cotton pices goods proved the old idea that the Strate assured London bankers that joining the cabinet, that was af- substantial credit (estimated "atter the July 31 elections, the high-rade direct with retailers in In. A height of 25 miles, he said, the If payments could not be made in of Europe and that it assisted to by each individual" debtor in the result of the payment of the instalNovember 9 election showed a slight essential and figures ranging from | violent explosions occurred, it was ·
Gold was scarce, save in those localities where it was quietly and "safely" accumulating in valuta.
Burden Doubled.
gold, the problem arose of payment
"There is no doubt that the simi- ler suspension of reparation pay.) ments, which was agreed upon by the delegates of the creditor Gov ernments at Lausanne, bad
An
immediate effect in steadying publie THE best way of dealing with the opinion in all the financial contres war debts is diplomatic action create conditions favourable for the opinion of Mr. Franklin Roosevelt, by goods and services and there
expressed in an interview-aboard a they were met with world difficul-final agreement reached, there
train while he was on his way to Atlanta.
Disturbing Confidence,
·
in India, by forming a company to sphere was cold throughout, After Stratosphere becomes warm. He 200,000,000) can be my toest peak of Nati successes. The dia. A very large capital will be explained that when large and support sterling, if necessary, as a
loss in Hitler's following.
£1,000,000 have been noticed that the saund was loudest mont due on December 15,
The circumstances were such that £500,000 to
mentioned. It has also been oug near the origin and then decreased Adequate Balances.
Hitler could well give serious con. It is believed that British balration to Hindenburg's offer, geated that the name of the cores one would expect, until at a poration should be the Anglo-Indo certain distance about 60 miles- tion. If they took the value of
Ances in New York are adequate to and Germany, was waiting with Corporation. Mr. A. H. Parker, it could no longer be heard. The goods and commodities at the time "Since then, the confidence born
meet the debt, but a substantial
of Manchester, who presided at the surprising observation, however, the settlement was made, it took of that settlement and of the knowing-Roosevelt declared, that any part is the property of London anticipation for Hitler's decision.
meeting said it would be necessary was made that at still greater dis- at least twice the amount of goods ledge that no further transfers assured of a courteous and sympa-banks, not of the British Treasury.
NEW QUAY AT VICTORIA to get. Government guarantees retance-more than 120 miles-the to-day to pay the same amount of across the exchanges in respect of thetic hearing and thoughtful con the payment of the instalment on The opinion is expresand that money. Therefore the burden was reparations will be required in the sideration would be given to any December 15 would leave, British.
DOCK
garding capital and interest, He sound was again audible. After also added that Jam Sabib of the war auch work was done to try at least twice as great to-day na it near future, has continued to in new conditions or facts adduced by balances too small to protect ster
Nawanager" (Ranji)," who inter- to find an explanation of this curi- was then,...
crease, and it seems to us import any debtor affecting any phase of ling against speculative sales.
viewed shippers in England some ous effect, and this work, to which When the debt was fixed at a ant, in the interests not only of the indebtedness,
time ago. concerning trade with In: University students at Sheffield, cortain sum, it was believed that this country but of the world gen- In the meantime, the immediate Britain would be receiving repara-erally, that it should not be dia questions raised by the French and
dia, was much interested in the Birmingham, Bristol And Cardiff proposed new organisation and had contributed, had led to the tions and would be paying America turbed at the beginning of a British Notes were the responsibil
had promised it support from the discovery that the old idea what was received.
discussion which we hope may prove ity of the present executiva and
Indian side. advantageous to both parties en legislative authorities. No Receipts at All,
gaged in it. There was now no question of "We have not yet received any ~~getting reparations and he asked roply from America but I have no America to remember that Britain doubt that in replying to our pro was receiving no payments at all.posal, the American Government The only question involved at will-bear in mind tho considera- present was whother the payment tions I have, mentioned, considera due on December, 15 should be post- tions which are not less important poned until there had been an to that great country than they are MR. H. L. STIMSON, the Becre-approved by the Second Chamber, The flour milling industry and has sion to Sir Maurice Jenks to accept
to all on this side of the Atlantic tary of State, has trailed to who desire to see international trade the British and French Ambassadors once more flowing through the old the replies of the United States to
(Continueit on nexs' column).. the recent war debt Notes."
opportunity of disouring with Amering the present situation and of coming to a conclusion in regard to debt revision,"
REPLIES DELIVERED TO FRANCE AND BRITAIN
[THFOUGH• REUTER'S AGENCY.]
WASHINGTON, Nov. 23,
DUTCH TARIFF CHANGES INCREASE IN CUSTOMS DUTIES
SIR MAURICE JENKS
(Special Air-Mail Service)
LONDON, Nov. 8 The Port of London Authority have begun work on the construc tion of a new quay at the Royal Victoria Dock where vessels will
that the upper atmosphere--the dischargo cargoes of grain for a
stratosphero-is cold throughout. largo now flour mill now being erect
can no longer be held. The ed by the Associated London Flour
stratosphere is cold up to a height [THBOUGH -REUTER'S AGENCY.] Millers, Ltd. The quay is on-the
of about 25 miles and then it be THE HAGUE, Nov. 23, south side of the dock, where there
comes warm again, and at great THE Government's proposal to are already two flour mills. K
heights becomes even warmer than raise the Customs duties 30 per will be 360-It-long and the depth
at the surface, Dr. Dobson of¬Oxi cent, only on those articles which of water is 28 ft. The site is re
LONDON, Nov. 8, ford had found that while there is, can be made in Holland, has beengarded as exceptionally suitable for The King has granted permis practically no ozone lower than 90.” miles above the surface of the up-z been described as "the centre of and wear the Order of Knight per atmospherd, at greater heighte the world, because it is in the Commander of the Order of the there is a relatively large quan,-- contes of London's largest dock Dennebrog, conferred on him by tity. It is this ozone which makes system.
the King of Denmark.
1. the upper atmosphere WAYINAY
The Chamber has also approved the proposals to rate the beer Excise 15 per cent and the sugar Excise 20 per cent.
(Special Air-Mail, Servico)