INTER-GOVERNMENTAL
DEBTS' PROBLEM
A SOLUTION CAN BE FOUND-..
MR. R. MACDONALD
FULL TEXT OF AMERICA'S REPLY TO BRITISH NOTE
THE BRITISH REPLY TO THE AMERICAN NOTE, WHICH STATED THAT THE UNITED STATES EXECUTIVE HAD NO AUTHO RITY TO GRANT & SUSPENSION OF THE DECEMBER FIFTEENTH WAR DERT PAYMENT AND TILAT NO FACTS HAD HEEN AD- DUCED WHICHI COULD BE PRESENTED TO THE UNITED STATES „CONGRESS FOR PAVOURABLE CONSIDERATION, IS. ENGAGING CLOSE ATTENTION. IT WILL BE THE SUBJECT OF MINISTERIAL CONSULTATIONS DURING THE WEEK-END AND EARLY NEXT WEEK, PROBABLY MONDAY, A MEETING OF THE CABINET WILL HE HELD TO CONSIDER THE FINAL DRAFT.
PREMIER EXPLAINS BRITISH REQUEST
BRITISH WIRELESS SERVICE]
RUDDY, Nov. 20.
+
HONG KONG DAILY PRESS, MONDAY, NOVEMBER 28, 1932,
APPREHENSION IN
LONDON
FEAR BRITAIN CANNOT PAY U.S. DEBT
(THROUGH REUTER'S AORNOY]
LONDON, Nov, 20,
DISCUSSION OF LYTTON REPORT
JAPAN SUBMITS TO LEAGUE'S. PROPOSAL,
Trutnovou reuter's AGKNOX.]".
to
TOKYO, Nov. 2. THE Japanese delegation
Geneva has been instructed to attend the League Assembly but to oppose the application of Article Fifteen of the League Covenant to the dispute over Manchurin.
PRESIDENT HOOVER'S moto has in no way allayed the ap iprehensiveness in London in re spect to the war debt situation. The noto cannot be said to invite detailed facts justifying a further
The Council of the League wish- suspension of debt payments by ed to put the Lytton Report before Great Britain, to America, the next the Assembly, but until instructed of which is due December 13, Only his Government, Mr. Matsuoka, the contrary, it indicates America's Japan's Chief delegate, would not unwillingness to accept any case for agree to the proceeding. the suspension.
Pres opinious are, divided as to whether any means for making the payment exist in the dislocated condition of the exchange machi
In
nery.
Similar notes to that sent to
delivered London have been. Paris and in Brussels, in reply to the French and Belgin requesta for a continuod meratorium, Bel- gjun, necording to reports, has alenady rapressed its inability to pay,
Lausanne Achievement. Confidence and credit cannot be In this second Nate, said Mr restored until an end has been put Neville Chamberlain, yesterday,| Britain would take occasion to do to these attemple to force the stream velope in greater detail the reason of capital to run up hill. It was which led her to make her original in this spirit that we went to the.' 5,400,000,000 frnnes, arid any deci-!
request.
Mr. Chamberlain expressed satis faction that President Hoover re cognised that the request for fresh discussion of the debt question was reasonable and that he was appar· ently not averse from some means whereby it might be once more the subject of conversations,
or on
T
The French Cabinet met immedi. ately the ply from Washington was received. The current bad- get already shows a, defirit of sion to pay America would involve
the downfall of the Herriot régime. CANADA'S HUGE LOANS
FINE RESPONSE TO
NEW ISSUES
J
(THROUGH REUTER'S AGENCY.] ·
OTTAWA, Nov. 25, THE Dominion interaal hans of
$60,000,00 have been over-
subscribed.
Lausanne Conference and, therefore, the first time we got general agres ment among European Governments that this vast intergovernmental debt, which was strangling the pro-j sparity of the peoples, must be cleaned up. That was the great Meanwhile, hasty conclusions as to achievement of the Lausume Con the final attitude of the American ference. So far as Europe was con Congrem, either an the question of, cerned we were in agreement, but the suspension of next month's our agreement had to be concluded · payments,
larger by similar action on the part of question of the debt itself are de, the United States. We therefore, procated. All leading members of approached the United States and the cabinet will be in London for asked them to join in study their consideration during the next ing the while question, and, day or two. Sir John Simon, the, while working out an agreement Foreign Secretary, having returned which, would meet the requirements at 120, and twenty-year four per from Goney to take part.
of the whole world, we suggested cent. loan of €7885,000,000 at 33,45, that the payment dis next month should be held in suspense, Best informed' newspapers reasted for no cancellation, we askedf cognise that the negotiating with for no reduction, we asked for no Amerian, ja far as they affect thing but that the legal date of next month's payments, are not, eon pays might be postponed while remed with Britain's ability to dis- we had an opportunity of exchang charge them but with the advisabil views on the general situation. ity of America receiving them, wid We believe that such a suspension the Times' City Editor emphasises would be good business from the that this is question of much and point of every nation, Ameri- graver, import, not only to this en included. country bat to world generally.
Prozn Views.
The Maurhester Guardian as. sumes thus this with the bark- ground if not the substane of the now British Note. These debt pay- ments it says are certain to be a bar to a return of world prosperity.
How the Present Crisis Aroso. The wire aprend suffering and loss of trade affreting the prosperity of the whole world which had resulted from the handling of the debts' pro- blem in the last two years, were referred to in a speed on the war debts' crisis by the Prime Minister
|
-WE
"A Solution Gan bo Found." [KER AND BRITISH WIRELESA. |
Loxios, Nov. 25
**E do not believe for a moment" that if real effort is made together, if 'both sides endeavour to put themselves in the ather's shows a solution entro be found that will enable Desember là to be passed without 'economic disolea Lion, the future examined and new agreements / minde between men of good-will, who understand what the present unfortunate funneial situn Lion means to the world," declared at Retford, last night. He briefly Mr. Ramsay MacDonald in a speech recalled the record of British Glovne Retford to-night. ermoments sings the great war ju reference ta' debts
During the war, he said, we shar- et with Amerien the task of fin ancing our pilies, and the total bar wound amounted to almost exactly the same as the loans made by the United States. Tax payers lind to hear a heavy charge for
The Prime Minister skalt at some considerable length with the war debts issue, pointing out that Bri- tain's loans to the Allios were n most exactly the same as the lonas made by the United States.
But Britain has written off at
The huna consisted of G823,000,000 three-year four per cent, bonds
STERLING SLUMP
RECORD LOW LEVEL
HBO REUTER'S AGENCY.]
NEW YORK, Nov. 2.
was enused in
A SENSATION
The Comeil has been adjourned until next Tuesday, but will prob ably pass the Lytton Report on to the Assembly at once when it in reconvened. The Assembly st. in summoned to a special scasion for the discussion.
ARMAMENT AND DEBT PROPOSALS
CAUSING CONSTERNATION
IN EUROPE.
(THROUGH NEUTER'S AGENCY.]
GENEVA, Nov. 26.
Simon is hastening to London for the Cabiurt session to consider the wor debt crisis, Here von Neurath,
·German representative a Genova, is rushing to Berlin and M. Paul Boneur, Frenel spokesman, to Paris to discuss. disarmament prob- Jems.
WHILE Sir John
In Paris, it will probably be derided whother, og not Premier Herriot will go to Geneva, next werk to participate in the proposed Five Power Conversations, which Premier MacDonald is also likely
to attend.
Japan, it is reliably learned, will have some fresh proposals to this Conference. Her suggestions, it is reported, will enasist of a pro. gramme for the amalgamation of the Anglo-Amerien plant will in- elude a nige reduction of global warship tounge, as well as the specific tonnage of battleships, the rednetion of the size and arinaient of cruisers and the complete sup- pression of aircraft carriers.
Wall Street to-day when thIn Hong Kong
paund sterling slumped to the re cord tow level of 2,901. It recovers | Fed slightly to 3.203 at the close,
SILVER REACHES NEW LOW RECORD
(THROUGH REUTER'S AGENCY.]
¡
New Yonx, Now, 95.0 "QILVER touched n new low regard.
Tor Decomber delivery on the New York market today being quoted at 2589 coals in viure,
Chine curvesey was down, by Three rights of a cent and the rúper - by two-fifths of a cent.
NEW GOVERNOR OF IRISH FREE STATE
To-Day
FAIR
YESTERDAY'S WEATHER REPORT, FORECAST AND REMARKS, IKSUED AY THE ROYAL DESERVATORY AT 6.40 PAN, STATED:
Presseux PROBABLY REMAINS VIGHET OVER S. MANCHERIA
BUT 1 “MIMISRATIS - ANTI-GYM OSE COYERS N. CHINA, ‹ THE TYPHOON OF DEPRESSION 15 SITUATED ABOUT 100 MINS CASt of Manila, «MOV- 180 N.W. MODERATE TO FRESH MONSOON WILL PREVAIL ALONG THE COAST AND OVER THE SORTI ERN CHINA SA.
·LÚCAL. FORLEAST:-Ń.E. WINDS, FRESH; FAIR
'.
DANIEL BUCKLEY OF MAYNOOTH APPOINTED
[THROVON REUTER'S AGENCY]
TYPHOON WARNING.
Losnos, Nov. 23. »
The following typhoon warn- lenst, sixty per cent. of the debts HIS Excellency Daniel Buckley of ing has been, received by the due to her and, furthermore, has
American Maynooth, has been appointed
Consulate Geveral war the paid the United States £200,000,000 Governor-General of the Irish Free
from the Manila Observatory : more than we have received from
Manila, Nov 27, 0 4m- Europe...
Cyclone or typhoon. E.S. E. of Manila or near gouthern, Luzon, moving W.N.W. or N.W.
interest on them.
Immediately after the then Gaverament pointed out that the burden of these debis threatened to cloud not only the financial but the political conditions of the world.
Debta Due to Britain.
State.
His Excellener is a shop keeper and was a member of the first and
He was defeated in the 1993
Kildare.
and we offered years ago to enter At the date of funding, France second Daile into any equitable arrangement for owed Britain £600,000,000, the the reduction or cancellation of capitalised present value of the election, but is now a member for inter-allied debta, provided such annuities is £297,000,000, represont- Former Governor-General *afe- arrangement applied all round, ing a debt remission of 62 per cent. Neill resigned his post following This Proposal was not adopted and
The Italian Debt at the funding what he considered insulting con we were called upon to, fund our was £500,000,000, but the capitalist towards his office on the part delate to America for the situation ud present value is £77,800,000 re of Free State Ministers.
Thеrе had to be regularized.
presenting a remission of 80 per refused to apologisa and he made coat. The Rumanian, Portuguese, good his threat and resigned, Greek and Yugo-Slavian Debts were Governor McNeill was not invited remitted by from 63 to 68 per cent. to the official reception of the on the same basis,
Papa Legate in Dublin, recently.
Debtors and Creditors.
It was rumoured at one time that
KENT WOOD MURDERS
SOLDIER FOUND
GUILTY!!!
(THROUGH REUTER'SCAUENOY.]
LONDON, Nov. 25,
15
The British Government is still determined to carry through its policy in so far as it could. They
The point he was making need desire to make a profit out of re was worth remembering. After all, plated taking the Governorship. declared that in an event-did they not be unduly emphasised, but it Mr. de Valern himself contem- JAMES Thomas Collins, private parations and war debts. That was Contained in the famous Balfour Britain had not asked the United ----New-Governor Takes Oath of
States for cancellation or reduction Noto, and
wero prepared
WO
to ask no more from our debtora of the existing debt agreement, but
merely for the postponement of the
instalment.
Allegianco,
DUBLIN, Nov. 26.
than was necessary to pay our date of the payment of the next His Excellency Daniel Buckley,
creditors. Under this arrangement we have already written off 60 per-
cent. of the debts duo to us, and, He emphasised that the Anglo. owing to fact that we funded our American debt discussions were not debt to Americs some years before arousing any bad feeling between we funded the continental debt due them.
to us, we have in fact paid up to date approximately £200,000,000 more to America than we have re coived from Europe. We have done it uncomplainingly. It is all in a "day's rub,"
Difficult and Delicate Decision.
The subject was also referred to at Birmingham this afternoon by the Chancellor of the Exchequer, M. Neville Chamberlain, who said the.
the new Free State Governor- General, took the Oath of Allegi ance to... the King in the draw ing-roon in his brother's house,
Blackrock, Dublin.~~-
INDIAN'S MEET KING AND QUEEN
(BRITISH WIRELLAS BERVICE.]
RUGBY, Nov. 26,
of the 2nd Battalion The Buffs East Kent Regiment), aged 26, was charged at Maidstone Assizer with the wilful murder of:
Mrs. Janio Swift, aged 63, of Ye Olde Sportsman's Inn, Seasalter, near Whitstable, Kont. Her daugh- ter:
Mrs. Janie Tremayne Stomp, aged 35, of The White Hart Inn, Wadhurst, Sussex, and
Peggy Stemp, aged 13, daughter of Mrs Stemp.
He was found guilty but insane and was sentenced to be detained; during His Majesty's pleasure."
All three victims werb found dond oni June, 13 from gunshot wounde in King's Wood, close-to-the-Ash--| ford-Faversham road on Challock
This was the situation two years décision which must be made was ngo. Then the crisis broke out one of the most difficult and de- ABOUT thirty of the delegates refill, about a mile from the village which has very nearly wrecked some licate which had ever fallen to the countries, and the whole system of lot of any Government. international debt payments. hád „broken-down in theen countries. For yours past, he said, the policy Every nation, large and small, 1s of this country with regard to both suffering to-day on account of the reparations and war debts had been way the war debts have been that all should be wiped out. handled...
Continued on page. 12.
presenting Indian States and of Challock, British India at the Indian Round The discovery was made by a Table Conference were received byhus conductor, who had seen part the King and Queen at Buckingham of a woman's dress through the Palace this morning. Sir Samuel Trees on the fringe of the wood. Hoare, Secretary for India, in- Ha reported what he had seen when troduced the delegates to the King he arrived at Ashford, and mobile and Queen:
police rushed to the spot..
DEATH OF CANADIAN MISSIONARY
AFTER SIX MONTHS IN CAPTIVES' HANDS
ĮTARGNON REUTRE'S AUENCY.]
CHINESE CUSTOMS
CLOSE
MORE DUTIES. SENT TO MANCHUKUO
(TnRovau ́SKUTER'S AGENCY)
HENRY FORD · OPERATED ON
FIRST SERIOUS ILLNESS
IN HIS LIFE
THROUGH REUTER'S' AGENCY.]
HANBIN, Nov. '97,
DETRICT, Nov. 27. AN unconfirmed sintement has
been received by the Chinese THE Chinese custome nt Po
A
MAJOR operation was perfona. Inland Mission that H.B. Forguson, granitchnaya havo closed down, ed on Mr. Henry Ford today. who was captured by "Reds" at according to Japanese reports, After he walked painfully into the Chenyangkuan, Anhui, on May 5, which state that the CPR, com-hospital, bearing his name, he was has died in the hands of his marcial agency is collecting the immediately taken to the operating captors.
export and import duties and re- theatre and operated on for a Mr. Ferguson was 'a Canadian ! mitting them to the Manchukuo. strangulated femoral hernia, He is missionary China.
longstanding in
reported to be progressing satis-
of
NEW CHIEF OF GENERAL STAFF
GEN. SIR A. MONTGOMERY- MASSINGBERD
(THROCOK REUTER'S ADENOX.]
LONDON, Nov. 20. GENERAL Sir Archibald Most- gomery-Massingberd, K.C.B. K.C.M.G., has been appointed Chief of the Imperial General Stuff, in succession to Field Marshat Sir George Milne, who had filled the
| GOVERNMENT AGAINfactorily.
AT NANKING
OFFICIALS LEAVING:
LOYANG
ITBROUGH, "REUTER'S AGENUY.]
NANKING, Nov. 27.
A LARGE number of Government
t
Mr. Ford has nover before been seriously ill, and has so far donated $10.000,000 to the Henry Ford Hospital.
$200 FINES FOR MUI TSAI OFFENCES
UNREGISTERED AND ILL
TREATED.
Young Kai Shoung, described as a merchent appeared before Mr. employees bringing archives have arrived from Loyang, Mr. Schofield at the Central Police Lin Sen is leaving Loying for Nani Court on Saturday on charges of king on Tuesday and is dus here keeping an unregistered mui-trai
and of assault. on December 1, when the Govern- post since 1929.
General Montgomery - Massingment will formally announce the berd has been Adjutant-General to capital has been moved back here. the Forces since 1931, besides being an A.D.C: to II. M: the King, Son of the late the Rt. Hon. Hugh de F. Montgomery, he assumed the caine of Montgomery-Massingherd in 1990.
He served in the South African War between 1900-03 and was 'men- tinned in despatches (Queen's Medal with four einsps). Wound- in the European War, he was mentioned in despatches nine times. He was appointed Deputy Chief of the General Staff in India in 1020 i fond served until 1922, qad was!
appointed a General in. 1930.
CAPT. EDEN RELIEVES
SIR J. SIMON
Innovan BEUTER'S AGENCY.]
LONDON, Nr. 25.
THE Under-Secretary for Foreign
Affairs. Cant. Anthony Edon, leaves on Saturday morning for Geneva to take charge of the Bri tish delegation during the absence of Sir John Simon, who is return- ing to London.
SHANTUNG WAR ENDS
ALL LIU'S TROOPS LEAVING
(THROUGH REUTER'S AGENCY.]
•
Inspector H. W. Fraser for the prosecution said that an anonymous report was received by the Seere- tariat for Chinese Affairs that a mui-tani was being ill-treated nt:26. Connaught Road West, second floor,
Enquiries revealed that the girl. had been presented to the defen- dant'a mother-in-law by the girl's natural mother and in turn her mistress presented her to the da. fendant's wife as part of her dowry, on her marriage to the accused. After a visit to Manila the couple. returned to Hong Kong, where tí ey have been living for some months.
The girl alleged that she had been beaten on the head, cheeks, left forearm and face with A ruler, Currno, Nov. 20.
broom handle and a slipper, whilst she also stated that the defendant IT is now aspected that all General had knocked her head against the Liu Chen Nien's forces willwall and had also struck her out have loft Chefoo by December 13, the cheeks with his fat because she
Liu is at present at Laichowfu, misunderstood an order. while most of his supplies and i ammunition are loaded at Tiger Head.
Provincial Government' nominees are already acting in the towns of Tengchow fu, Hwanghsion, Fashan and Chefon,
She was medically examined b although the doctor found Bars substantiuting the girl's statement, he said that they were so faint that he would not like to say the assault amounted to cruelty.
The defendant was fined $100 an each charge.
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