BRITISH FREE- TRADERS FURIOUS
OVER CANADIAN-SOVIET BARTER PROPOSALS.
(THROUGH REUTER'S AGENCY.]
LONDON, Dec. 29.-
REGULATED GOLD
ང་
BRITISH froo traders are furious
over the Canada-Soviet barter proposals. They bitterly complain that while Mr. R. B. Bennett was insisting at the Ottawa Conference on Britain denouncing the trade | treaty with Russia, the Canadian Government was negotiating an exchange of oil and aluminium and now are furthering' the proposals to unlimited potentialities. Piquancy added
ja
the to situation by the foot that Mr. R. B. Bennett, on his return from a visit to Europe, denied reports which were earlier confirmed by the Minister of Agriculture, Mr, Weir Ottawa's representative, who de- clare the cattle raisers favour the proposal particularly as Russia offers higher prices than the British market.
||
Political circles emphasise that the importation of oil will be at the expenses of the United States and South Ameriona interests rather than the British Empire.
The suggestion of the inclusion of Russia coal is, however, turned
down.
Hugo Barter of Cattle and Oll. [A message from Ottawa, dated December 29 states proposals for a huge barter of cattle and oil be tween Canada and Itussin is being formulated and will bo presented for the consideration of the Gov.
ernment on 'the return of Premier R. B. Bennets this week, socording to reports which are not confirmed | officially.
One report states that a Win- nipeg company has tentatively arranged for the exchange of G87,000,000 worth of cattle and hidos for the equivalent amount of oil and petrol to be delivered in Canada at prices no greater than those of imports from present sources of supply.
|
EXCHANGE
S. AFRICA ON NEW MONETARY SYSTEM
{THROUGH REUTER'S AGENCY]
JOHANNESBURG, Dec. 29.
HONG KONG DAILY PRESS, FRIDAY DECEMBER 30, 1932,
NEW ALTITUDE RECORD
FOR TOURIST SEAPLANES
{THROUGH. REUTER'S AGENCY.}
\-ROME Dec. 28.
SINO-SOVIET RELATIONS
NO RUSSIAN MINISTER YET APPOINTED
(THROUGH REUTER'S 'AGENCE.]
DUMPING IN CHINA
THE HSIN FUH TAI
TRAGEDY
COMMITTEE APPOINTED TO HEROIC WORK BY SECOND
INVESTIGATE
NANKING, Deo. 23. ~A special examination committee to deal with the problem of dump- NANKING, Dec. going of, foreign imports has been.
of Finance and Industry.-Kuo
OFFCER
(THROUGH REUTER'S "AUNECT]
It is understood that the Cham AN altitude of 8,200 metres was IT IS expected that Dr. W. W. jointly organized by the Ministries A DARING drama on the high
her of Mines will no longer sell gold to the Reserve Bank and re gards itself as to free sell to the world market, following the Gov. erament's action which Rand producers contend has cancelled the agreement for the sale of gold to the Reserve Bank. But there is a possibility of a new agreement be ing reached whereby the supply will be continued. This develop- ment created a profound sensation here.
Roos' Offer,
reached to-day by a 170 h.p.. Fiat seaplane. This is claimed to be a new world record for tourist seaplanes.
The international altituds record for all types of craft is held by Great Britain, Capt. Uwina having flown to a height of 13,404 metres.
FRANCO-GERMAN TRADE
"
(THROUGH REUTER'S AGENCY).
PARIS, Dec. 28.
While Mr. Tielman Roos! speech TWO AGREEMENTS: THIRD at Johannesburg virtually offered
FORESHADOWED to lead an anti-Government coali- tion, Beneral Smuts in a speech at Germiston, wishing Mr. Hoos luck, and rallying the Nationalists to his banner, said he thought there was at present such a potential cumbination of forces 'as would be capable of driving out the Govern ment.
THE texts of two Franco-Germa trade agreements have been published and a third is fore- shadowed.
The first modifles the Convention
CONSTRUCTION OF NEW ROADS
Yen, whose appointment 85 Chinese Minister to the Soviet Min. Government has been approved by the State Council, will proceed to Moscow from Genova to present his credentials after the conclusion of the work of the Committee of Nine tean which is resuming its deli beration on the Manchuria issue not later than January 16.
It is disclosed that the Chinese Government have not yet received formal noification from Moscow re- garding who will be appointed Soviet, Minister to China.
3,000 SOLDIERS ON WORK
IN CHEKLANG
SINGAPORE AS AN AIRPORT
BIG DRIVE TO BEGIN IN
NEW YEAR
In an interview, with the traita Times prior toʻreturning to Europe by the Conte Rosso Isat week,” Mr. Q. A. Bardnard, Traffic Superinten- SHANGHAI -Doc89.
dent, Imperial Airways, announced that the seator of the England-Aus- seas was enacted through the ralis trunk air route between India resourcefulness and courage of and Singapore should be available Chang Ning Sun, second officer of to the public at the end of 1933 or the fated" Hsin Fuh Tai," who the early monthe of 1934 risked his life in order to rescue Mr. Barnard mentioned that, so two comrades marooned on a safety far as he was aware, Australian in- buoy after the sinking of the ship.terests would probably undertake The Hsin Fuh Tai," a Chinese the extension of the trunk line from Ningpo-after steiking a rock in that every endeavour was being cargo steamer, anak 90 miles from Singapore to North Australia and heavy fog. The ship went down made on the part of the Imperial within a short time and become a Airways, Ltd., to arrange that this, total loss,"
sector" bo inaugurated poincident" with the opening of the India- Malays sector.
Details of the disaster receiveil here disclose that out of the 3 members of the crew, only 17. have been rescued. It is hoped, how ever, that a few more may have been picked up from the sea by passing, junks.
Dr. Yen's credentials will be sent to Geneva as soon as they have been signed by Mr. Lin Sen, the President of the State Council.,
HANGCHOW, Dec. 23. Dr. Yen will remain as chief The last batch of the 21st Divi- Chinese delegate to the League Assion under General Liu Chen Nien sembly.
is expected to reach Wenchow dar ing the week-end under the direc- tion of Major- General Do I San, Vice-Commander of the Division,
According to a telegram from the
It has been definitely established district magistrate of Lishui, the that Chang Ning Sun, the second 2nd Brigade under Major-General officer of the steamer, who risked Liang Li Chu of the 21st Division his life to rescue two comrades, has begun the construction of the was among those who perished. It Lishui Chinyun Highway. 3,000 is revealed that after bringing his soldiers are now put on the work, comrades from the safety buoy to having undertaken to complete the the life boat, which already con
Lishui-Chillyan, Lishui-Wenchow,tained eleven other survivors, it Lishui-Lungchuan and Lishui was overturned by the mountamous Sungyang Hignways during theirwaves within the reach of a sailing stay at Lishui.---Kuo Min.
junk. All the occupants were drowned including Mr. Chong,
{THROUGH REUTER'S AGENCY,)
NANKING, Dec. 20. According to Mr. Tielman Roos, that existing tariffs can be modi
of 1097 and its main provisions are THE Ministry of Foreign Affairs has received a number of however, General Smuts, while fed at
fortnight's notice and memoranda from Chinese Coma assenting to the possibility of that the application of the most-mercial public bodies in connection combination of parties, explains it favoured-nation.
clause will be must be on such a basis as would restricted instead of general, not impair the strength of the
The second agreement creates a South African Party.
Franco-German office in Paris to rettle exchange transfer difficulties.
Bewildering Situation. Meanwhile a bewildering money situation is clarifying itself after same hours of groping in the dark. Business, men sum up the position as follows: South Africa has ab andoned the gold standard, but the Government has decided not to link the South African pound with sterling or devalue the currency,
AIDING STRICKEN PEOPLES
NEW CONVENTION IN
FORCE.
FBRITISH WIRELESS SERVICE.]
Ruany, Dec. 28.
There were few transactions yes terday at the banks which adopted TWENTY-SEVEN countries have Saturday's gold rate. It is gen so far accede dto the Con- erally felt the rate will move near-vention creating the International er to sterling's level,
Relief Union..!
Banks Refuse to Sell Exchange. Mr. Havenga, Minister of Fin- ance, told Reuter: "We are vir- The Federal Minister of Agricultually off the gold standard. The ture has admitted that the Govern- banks must quote exchange on the ment has been considering the pro. new basis,” posal for some weeks and said he believed something of definite value was likely to emanate from the negotiations. He pointed out that this barter would not inter. Here in any way with the importa. tion of Empire products.}
BRITISH TRADE WITH S. AMERICA
EXCHANGE PROBLEM CAUSES ANXIETY
ITBROUGE REUTER'S AGENUT.}
LONDON, Dec. 28.`·
THE damaging effect of exchange restrictions upon British trade with South America is engaging the very serious attention of British
Banks have refused to sell for eign exchange except for the smallest amounts.
Gold shares advanced steadily. The market was busier than at any time since Britain abandoned the gold standard.
London's Interest.
RUGBY, Dec. 28. Great interest was displayed on the London Stock Exchange yester day in the developments which took place the previous night, following a meeting of the Bouth African Cabinet at Pretoria.
Its object is to provide relief in money and kind and to co-ordinate relief works in respect of public misfortunes due to exceptional cir cumstances, the gravity of which exceeds the limits of the powers or resources of stricken people.
་་
The Convention came into opera: tion at Geneva yesterday. For ita principal resources the Union will depond on, donations, bequests and public contributions, with an in itial fund of 420,000 Swiss franca contributed by States members.
NEW ELECTRIC "RAILWAY
The new
LONDON TO BRIGHTON A communication issued by the Treasury in Pretoria stated that
IN 1 HOUR in consequence of the political (BRITISH"WIEKLESA BERVICE.] situation there had been an abnor mal purchase of exchange and
RUGBY, Dec. 98: withdrawal of gold coin for hoard- THE Mayor of London and the Lady Mayoress will open the ing, In response to representations Southern Railway's new electrified made to the Government that in order to avoid a crisis it was line from London to Brighton on essential that immediate steps be
Friday. taken to protect the country's gold luxuriously-equipped coaches have service, for which and exchange resources, the Gov-been built, will operate from Sun held at the Board of Trade in Lon- Reserve Bank of the responsibility ex,000 will accomplish the London A conference on the subject was Brent agreed to relieve the day. New trains each costing don last week under the chairman of redeeming notes in gold.
Commenting on
Brighton journey of fifty miles ship of Sir Frederick Leith-Rosu,
the announce- chief economic adviser to the Gov-Minister Havengo stated the Union ment in an interview, Finance
non-stop in sixty minutes.
Following this conference, which was now virtually off gold, banka was attended by representatives of would have rates for exchange commerce, industry and fintace, the operations and internal gold cir Association of Chambers of Com-
culation would cease,
commercial circles.
ernment.
བཱ་ ྃ
The country, he added, was re-
basis.
SOFTA CABINET RESIGNS
[THROVOX REUTER'S AGENCY]
Baria, Dec. 28.
with the conclusion of the Sino Soviet commercial treaty to which formal negotiations are expected to be instituted shortly....
The memoranda are being care- fully studied by Foreign Ministry officials.
SILVER MARKET
"LONDON PRICES ·
(From Our Own Correspondent,}'
LONDON, Dec. 20. › CLOBING SILVER ́ ́PRICES MIN LONDON TODAY WERE^---
Dec. 28. Dec. 20.
SPOT FORWARD
16)
10.9/10
18]
JAPANÝ V
PHILIPPINES
NO CHANGE IN DEFENCE
· SCHEME IF GRANTED INDEPENDENCE
ARAKT INTERVIEWED
Mr. Gleen Babb, the Tokyo cor- respondent of the Associated Press. of America, addressed a question- naire to General Araki, Minister for War, recently in reference to the independence of the Philippines, on which the US. Congress is ex- pected to take some decision. The questions asked were:-
NANKING-S'HAI HIGHWAY
NEW WORK TO COMMENCE NEXT MONTH
BANK OF CHINA TAHEIHO BRANCH
GEN. MA URGES IT TO CONTINUE BUSINESS
PEIPING, Dec. 23,
Imperial. Airways propose using land planes on the extension to Singapore, probably of the mono- plane type having three or four angines, although at the outset the service is planned na a mail service only, passenger trafię will be pro- vided for at the earliest possible stage, when in all probability the fares to be charged will approxi mate to those charged by the Dutch Air Line:
London-Singapore in 12 Days,
Mr. Barnard anticipates that Singapore and London would bo brought to within 11 or 19 days of each other when the servica opens. which time would be improved upon progressively a closer experience was obtained of the somewhat dif Hoult climatic conditions" prevail- ing, this applying more particularly to the west coast of Burma, Siam and Malaya M
Early in the New Year, the Straits Times learns, work on Singapore's new civil aerodrome in the Kallang River Beam should be in full swing. The daily convey- ance of earth to the site from Paym Lebar will increase from 3,000 to 5,000 cubic yards.
389 Acres to be Reclaimed.” Now that the five Bucyrus Erie excavators have arrived, the Publio
CHINKING, Dec. 23. Construction of the various sec tions of the Nanking-Shanghai Highway will commenda next The Bank of China is urged to month, according to an announce withdraw its order for the aboli ment of the Provincial Department tion of the Tabeiho Branch of the of Reconstruction for Kisagsu Bank by General Ma Chan Shan, It is understood that the Kiang-Chairman of the Heilungkiang nan Motor Bus Company will un- Provincial Government, in a tele-Works Department is fully equip- dertake the building of the Thing-gram yesterday. * Chinking section while a loan will be obtained from the National Economic Council for the Chin kiang-Shanghai motion. The Nan king-Ihing section, being part of [the Nanking Hangchow Highway,
is already open to traffic.
It is planned to complete the entire road by next June. Ko Min.
ARRESTED PROFESSOR ON BAIL
ALLEGED IMPLICATION WITH COMMUNISTS
PEIPING, Dec. 12. that the indepedence of the Philip
1-Does the War Minister think Mr. Hou To Hang, one of the three professors arrested & few pines will promote the stability of days ago on charges of complicity
pensation of national defences on the Far Eastern situation Will it in disseminating subversivo pro necessitate alterations in the dis-paganda, was released yesterday on Japan's part, such as the increas
the personal bond of Dr. Chiang Mon Lin, President of the Peiping strengthening fortifications in For Hsa is engaged. of the Japanese Garrison or the National University, where Mr.
mosa
2-In the event of the grant ‘of independence to the Philippines, will the War Minister favourably consider a proposal to conclude among Japan, America, and other Powers treaty guaranteeing the permanent freedom and security o
merce and the Federation of Brially on" & regulated gold exchange BULGARIA'S political problems the Philippines!" How does bo re-
tish Industries have circularised all their members with a view to as-
have come to a head and the certaining the total amount await the London Stock Exchange were signations.
South African mining shares on Cabinet have tendered their re ing remittance from certain coun-marked down, but there was little tries in Central and South America
to the United Kingdom, but which selling.
has been held up owing to exchange control.
GIANT LINER IN STORM
SEAMAN KILLED: BULK- HEAD SMASHED
{TURUUOH, "REUTER'S AGENCY:]
NEW YORK, Dec. 28.- THE giant White Star liner Ma jestic sailed into New York harbour many hours late to-day "after one of the roughest Atlantic
crossings for several years. A
As a result of the storm, one scaman, was killed and two books were nearly drowned on board. &
NAZI VETERAN
RESIGNS
(THROUGH REUTER'S AGENCY.)'
It is, however, believed that all difficulties will be smoothed out and a crisis as a result of the change of régime is not antici-. pated.
Washington that one internationa: gard a suggestion, recently made a
agreement should be concluded for dence and neutrality of both the common application to the indepen Philippines and Manchukuo f
Araki's 'Replies, General Araki's replies to these questions are prefaced by the enu- tious remark, that since the ques tionnaire refers to Amoriça's domes
tio problem, pure and simple, itia pot for the Japanese War Minister
King Boris has consulted all the party leaders and it is generally expected that M. Mouchanoff will be asked to-morrow to undertake the task of forming a new Cabinet THE Nazi deputy, ex-General with the support of those groups
Lietzmann, who is eighty-four which forthed the retiring governs he has been asked to reply, years of age, has resigned his seat ment
BERLIN, Doc. 28.
in the Reichstag, of which he is the senior member.
General Lietzmann will remain
a member of the Nazi Party and of the Prussian Diet.
BELGIAN NATIONAL"
FINANCES
[THROUGH REUTER'S AGENCY.]
giant wave struck the liner when store the national frances. she was steaming into the teeth of
S.M.R. ENTERPRISES
AND CAPITAL.
VICE-PRES. CONTINUES NEGOTIATIONS WITH GOVERNMENT:
to "state his views thereon. * But Fr
can give his personal views on the assumption that the Philippines will gain independence,
He proceeds to say that as the political and economic interests of the Powers in the Philippines" are not very intricate, no happenings in that country have seriously affecte the Far Eastern situation in the re cent-paat - He does not, therefore, believe that its independence will; situation in Eastern Asit This bring marked effects on the general
Educational circles here expect the early release of the other two professors, Messrs. Ma Che - Mín and Hou Wai Lu.........
pad with the machinery- neomary Stating that he had no right to to carry out the filling of the Kal- interfere with the internal adminis lang River basin, m tration of the bank, General Ma The total area to be reclaimed, pointed out however that the it will be recalled, is 330 nores Taheiho branch, being the only in-which the canalisation of the Geys stitution in that section of the lang River will divide into two country, is vital both to the armies partą namely, the aerodrome, pro- fighting the Japanese and to the per, containing 258 acres, and the numerous Chiness merchants trad Fort Road area comprising 8% Heres. ing there. With the abolition of The foundations of the aerodrome the branch, he continued, the peo- proper are so unstable that, uncon- ple would be deprived of the only trolled, the earth dumped rapidly, means of making remittances while disappears. To overcome this dif it would be impossible for patrio-ficulty the main area of reclama- tic citizens to remit funds to the tion is being split up Erto 19 areas;
and then banded and drained, Ae- loyal armies in the future.
Officials of the Bank being no less a result far less earth is required. patriotic than others, General Ma Reclamation is now in progress expressed the hope that they would on the first bunded area which is assist his units in continuing the one of 25 acres. The bund itself struggle against the enemy. Should--will be completed within the next the situation become unfavorable, few days. Sixteen acres - have every protection would-be afforded already been filled in. to the staff of the bank in evacuat- ing while efforts would be made to minimize property losses, General Maid :-Kuo Min.
LO WEN KAN TO VISIT CANTON
In the course of lightning raids on Communiat cells here last MAY RETURN TO HIS HOME week, the police and gendarmerie
IN KWANGTUNG authorities unearthed large quanti- ties of propaganda material. The have been unplicated and were ar- three professors were alleged to
rested together with a number of students.-Kuo Min.
JAPANESE POET ON MURDER CHARGE
STAGED DOUBLE SUICIDE"
TRO BOOST HIS BOOKS:
"ITAHOUGH REUTER'S AGENCY.)
**** Beady for Big Drive,"
The excavating machines at Paya Labar are at work in an ares of about five morem whichi in soparsted from the main area of 120 acres by a stoop ridge through which an adit ia now being cut. When this is 40- complished the whole mechanical "and"manual labour will be let loose-
in full forco,
* This will take place, sa indicated | above, early in the New Year. The whole are to be excavated is already lined with railway tracks ready for the big drive.........
It is expected that the work of
· reclamation - will be completed in: 1934 and the aerodronie, which is estimated to, cost $6,250,000, shoul de NANKING, Dec. 29," authoritatively learn be finished by the end of 1935, ed that the Foreign Minister, Mr. though undoubtedly soplanes
Wen Kan is leaving Nanking will alight there long before that. for Capton on January 3 or 4, Gria Tarm. Ga having already obtained two weeks
The area between the PW.D. leave from Mr TV 8000g, Prest offices at the serndrome and Grove sident of the Executive Tuan, Road bridge will be completely fill
Press reports stating that Mr. Lo
Mon Kan is going to South" China for his daughter's wedding are inseturate
It is learned the Foreign Minister
Lo Wen Kan 18 stated to
Tokyo, Dec. 20-Shinjizo. Naka- mats, the young poet found ill in is attending his daughter's engage
Tokyo hotel, with his dead mis- treas lying at his side is to be be planning to return to his home charged with murder in Kwangtung for some time, but This is the result of the police is able to make the trip due to enquiry into the tragedy following the Sinos apaa their suspicion that the suicide pacother. urgent
Since the Leag Nakamura, it is alleged, staged the Government are book had the whole drama sa s boost for
„„Year" holiday.
Mr. Hatta, vice-president of the BEURSEL, Deo. 29. Chamber by a vote of 83 to pany, who is now discussing with lish, peace in the Far East and ad frass beautiful actress of 18)
South Manchuria Railway Com Japan a traditional policy to estaba He had no quarrel with nothing passed a Fill to re-the Government the 1933 Budget, vance world peace. Accordingly
thought that an attempt the fund needed for its new enter her nation Bocialists, Communista and prises and the projected increase in at the protection of the mainland is attaull
defences aim primarily with: her would attr
the the kale on Friday.lemish Extremists eithen were not its capital, will leave for Dairen they are not in the least aggressive
The wave smashed in a bulk present ur abstained from voting. Fan Mondayz (98th and dikit. Tokga. The head, wrecked the crew asscullery
| again early next year.
A sec with "this object in view and completely swamped out this
the part of the ship, the seaman being killed outright while the cook was rescued when on the verge of drown
Japanese capitalists in new enter prises of the SMB. Company, such as steel and sulphate of ammonia it seems that Mr. Hatta's negotia |tion with financiers have been affec. unit collection. for. Widow
tive in improving that situation.
The 8.M.B Company is to bold The weather moderated later kid à meeting of its auditors tomorrow collection was made among the 24th) when the Directorate will ax passengers, who raised over £50 for plain the 1933 Budget new enter the benent of the seaman's widow.prises and other business affairs, The Canadian Prime Minister, Mr. Mr. Hatte will give a detailed re HB Bennett, was among those mort on the expital increase prob- ~ who travelled on the Kufortia
The 8.MR plan is to. Az ita capital at 1.660,000,000 or 1.880 - 000,000 but no agreement has yet been reached with the Government. | As the Company can raise the neces
debentures or term: Toans Company is hurry, al tie whole next year.
As,
decided to strip
Nanking
Libration", and
This will be utilis graŭ farm from which the whole drome will be planted even- tually. The seeds to be sown have been ordered from Kuala Lumpur on the advice of the Agricultu
FOOD PRICES, RISING IN TSINAN