HONG KONG. DAILY PRESS. SATURDAY, JUNE 17, 1933
FLOOD PERIL IN THE NORTH
PART OF HANKOW. UNDER
WATER
(THROUGH REUTER'S AGENCY)
SHANGHAI, June 18. HANKOW is threatened with a
serious Bood disaster, accord ing to a special despatch to the China Press
ace?-
"LET
Reports Premature
OF AGREEMENT IN CURRENCY STABILISATION
(THROUGH BEUTER'S AGENC).]
The rapid rise of the Yangtare in the Hankow region has lerated and yesterday, the flood level rose over the forty-two feet | mark and completely flooded the ex-REPORTS OF Russian Concession in Hankow.
LONDON, June 16. REUTER LEARNS THAT THE
A DEFINITE AGREEMENT IN CURRENCY Grave fents are entertained that
STABILISATION ARE PREMA. the Chinese city will shortly suffer the same fate, unless the rise of TURE, THOUGH THE CONSEN. the Yangtze undergoes a check.
CUS OF OPINION AS REGARDS Government officials, however, state that the present risa loes THE CURRENCY TRUCE IS not necessarily indicate another THAT IT IS AN ESSENTIAL
flood great
such.
the 19 which devastated. huge COMPLEMENT TO THE TARIFF areas in 1831. Active precautions TRUCE.. are being taken against a repeti- tion of the disaster.
CHIANG URGES ACTION
- REPRESENTATIVES OF THE THREE LEADING CENTRAL BANKS AND TREASURIES ARE HANKOW. June 16. „MEETING AGAIN TO-DAY AND WITH the level of the Yangtsze
higher than the correspond. IT IS HOPED TO ANNOUNCE ing date in 1931, Chiang Kai Shek AN AGREEMENT IN A FEW has telegraphed, to the Provincial DAYS. Governments in Kinngsu, Hupeh, Kiangsi, Hunan, Anhwei, the Yang-
raze
Conservancy
and National
Economic Committees urging the formation of a joint flood-preven tion commission. He orders them 10 mobilise all their engineering technical staff to take every pos- sible measure to prevent any breach in the seven thousand miles of dykes.
PLANS SUBMITTED
Nanking, June 16.
Mr. Chow Hsiang Hsien, a mem ber of the Yangtaze Conservancy Committee informed Chinese press- men that he had submitted a flood prevention scheme to Chiang Kai Shek which required the stationing of one engineer at every twenty li and a number of workmen” every five or six yards along the seven. thousand-mile of Yangiare Dykes to. prevent possible breaches with ballasts and sandbags, "The work- men and engineers are to be sup plied by Ave provincial Govern- ments, namely Hupeh, Kiangsi, An- hwel, Kiangsu and Hunan,
AMERICAN LOAN
AGREEMENT -
---
BOARD OF TRUSTEES TO HOLD FUND
THROUGH REUTER'S AGENCY.]
NANKING. June 16. THE Legislative Yuan has ratified
the American loan agreement with two recommendations.
Firstly, the formation of a Board of Trustees co hold the funds, con- trol and supervise the appropria tions.
Secondly, the entire loan should be used for productive purposes. such as the development of indus tries, agriculture, waterworks and rommunications. Also that funds be used for civil war bandit suppression,
MA SHAO WU KILLED
or
SHOT AS HE WAS ENTER. ING SING-SONG HOUSE
(THROUGH REUTER'S AGENCY]
SHANGHAI, Jane 16..
Communist DOZENS of
and gangster suspects were interro-
here in connexion with the death
of Ma Shao Wu who was shot down and killed when he, it is alleged, was entering a sing-aong house on the night of June 14.
H
SILVER MARKET
(From Our Own Correspondent.)
LONDON, June 16.. FOLLOWING ARE THE BILVSE QUOTATIONS ON" THE LONDON
MAREST TO-DAY:
June 10 SPOT............ 101 FORWARD...... 10.5/16
.
June 15 19.9/16 198
PUBLIC WORKS IN AMERICA
NEARLY FOUR BILLION DOLLARS INVOLVED
ITH004 BRUTER'S AGENUY.]
WASHINGTON, June 15. THE Senate has finally passed the Appropriation Bill for Pre- sident Roosevelt's Public Works programme and for the Muscle Shpals-Tennessee Valley develop- ment scheme.
U.S. 83,812,000,000.
The total amount involved in
KING AND QUEEN AT ASCOT
SEE FOXHUNTER" WIN THE GOLD CUP
BRITISH WIRELESS SERVICE.]
RUGBY, June 15.
THE King and Queen again at tended Ascot races to-day, The weather continued warm and sunny. The Ascot Gold Cup was won by Mr. Esmonds' "Foxhun- ter "ut 25/1, Sir Alfred Butts' "Orpen at 7/2 being second, and Mr. Kennedy's "Nitsichin" at 15/9 third.
!!
MACAULAY TAKES 7
(WICKETS FOR 9 RUNS!
US
NOW
GET
TO WORK"
Appeal By Mr. Cox To Monetary Committee
DR. COLIJN
DOES NOT WANT ANY
SPEECHES
THE WORLD ECONOMIC
(THROUGH REUTER'S AGENCY)
CONFERENCE EMBARKED UPON A SERIOUS BUSI- NESS PHASE THIS MORNING WITH THE INAUGURATION OF THE MONETARY COM. MITTEE PRESIDED OVER BY MR. JAMES COX. IN A BRIEF AND BUSINESS-LIKE.
AND
BUT A MAXIMUM UNDERSTANDING SPEECH, APPEALING FOR PATIENCE TREATMENT, A MINIMUM OF TALK, AND THE ENCOURAGEMENT OF PUBLIC FAITH BY AN INTELLIGENTLY SUSTAINED EFFORT, THE SPEAKER CONCLUDED BY SAY. ING: "GENTLEMEN LET US NOW TO WORK.
ECONOMIC A SIMILAR EXPEDITIOUS ATMOSPHERE IN THE
COMMISSION · PRESIDED OVER BY DR. COLLIN AROUSED APPLAUSE WHEN HE ANNOUNCED THAT THEY ALREADY "HAD THE GENERAL SPEECHES AND CAN DO WITHOUT
WHICH AND ENUMERATED THE GROUPINGS UNDER
THE DIS- THEM HERE" CUSSIONS WOULD PROCEED.
..
FIRSTLY, GENERAL TRADE RESTRICTIONS; SECONDLY, "OTHER FACTORS LIKE SUBSIDIES;
THIRDLY, THE CO-ORDINATION OF PRODUCTION AND MARKETING ESPECIAL- LY OF FOODSTUFFS.
IN THE MEANTIME BOTH COMMITTEES' ADJOURNED TILL MONDAY BUT THEY WILL PUT IN SOME INTENSIVE WORK IN ARRANGING · THE AGENDA.
FRANCE SATISFIED·
j
"[THROUGH REUTER'S AGENCY.].
LONDON, June 15, The Franco-American battle over the appointment of the chairman of the Monetary Commission of the World Economic Conference has terminated.
should be that of a yardstick of valux and only in the last extre mity as the ultimate factor of a settlement of balances.
He would like to see the deve
lopment of an international clear ing house of commodities aiming at their exchange and the disposal of the surpluses of production.
Tawfik Rushdi Bey (Turkey) em Mr. James Cox, the vice-presi-phasised the importance of interna dent of the United States delega- tional co-operation for the good of
each country. tion, has been elected chairman.
Signor Jung, the Italian Finance Minister, and Dr. Kienbock, Aus- tria, have been chosen as Vice. Presidents.
M. Bonnet, the French Finance Minister, will be rapporteur of the Commission.
Tariff Issue.
M. Salmais (Latvia) advocated the gradual reduction of tariffs and thought the larger Powers should give the lead in reducing French quarters now appear to tariffa, in the first place on agri be quite satisfied. Mr. Cox's chair-cultural products and raw mate. manship will be a definite step in rials. the direction of Anglo-American Doctor Callos (Estonia) also re-
the necessity currency stabilisation, according to cognised French official ciroles,
abolition of import restrictions maintained that countries and should be placed in a position to pay their obligations in goods and
The French are convinced that the movement towards stable cur- rencies will now advance quickly.
The election of officials to the Economic and Trade Commission was also carried out to-day. There was no dispute in this instance.
for
the
JAPAN'S TRADE POLICY
AN ENTENTE WITH
AMERICA
OBJECT ONS OVER-
RULED!
GANDHI'S SON MARRIED
(THROUGH REUTEU'S AGENCY],
POONA, June 16. NOTWITHSTANDING the objec
tions raised in Brahim quarters... Devadas Gandhi's marriage to the daughter of Acharinr, a high casto Brahmin was carried out under fall" Hindu rites except that there was: no present and no dowry.
Toxyo, June 10. The foreign office informed the Associated Press to-day that efforts
Devadas first underwent a puri- for a new Japanese-American ar bitration "reaty were hopefullycation ceremony, thus virtually be
coming a Brahmin, crystallizing."
The proposal was bronched at the recent conversations at Washington between President Roosevelt and
Count Ishii, Japan's delegate to the London Economic Conference, and the President's attitude was encouraging that Tokyo now is carefully studying the matter Al- though negotiations are not tually in progress.
AC-
A foreign office spokesman em phatically denied newspaper a sertions that the recent improve. ment of Japanese-American rela- tions was due to the feeling against i the British Empire over economic conflicts growing out of the tari barrier raised in India against Japanese textiles.
peace
He added that Japan hoped to conclude similar treaties with all nations is pursuance of Tokyo's policy of establishing new links with leading nations to offset the effect of Japan's secession from the League of Nations. The first such treaty already has been con- cluded with Holland.
TROUBLE BREWING IN BUCHAREST ·
Large Scale Corruption Alleged
BRIBES AND A MUNITION DEAL
Buchanst.-Alleged large-scale corruption, involving officials and military men of highest rank, and coupled with espionage of unparal leled audacity, forms the back- ground of an affair: now stirring: Rumania.
It is a Bucharest society drama with two prominent protagonista. On one side is the Chamber de- puty Nicholas Lupu, leader of the oppositional Peasant Party, on the Unquestionably, however, a wave other Bruno Zeletzky, Buchares Mr. Roosevelt, if he made a de- claration at present, would and of anti-British feeling is pervad representative of the Skoda works, that Congress would not accept it.ing commercial and industrial cir who is described as one of the most The Prime Minister says: We cles and emotionally Great Britain during adventurers of the day are going to talk about it. But there has definitely displaced the United Lupu's relentless attacks, which is nobody coming from America to States as the villain in the inter-caused Zeletzky's arrest on, charges that Conference competent to deal national melodrama, according to of corruption, and tax evasion, with this question. I do not be popular Japanese psychology.
brought sensational disclosures, lieve that the United States will
Armament Deals. make definite suggestion on debts until they see the outcome of the Disarmament Conference.
"If America gets something out of that Conference then it is very likely that Mr. Roosevelt will have the courage to approach Congress on the debts question, and point out what America has gained by a reduction of armaments and propose that that should be an off set to a reduction of debt.
Japan Against Trade Barriers. LONDON, June 9. The Japanese policy at the World Economic Conference will be to get rid of all trade barriers na soon as possible, Count Ishii, the Tokyo spokesman, said on his arrival.
The Far Eastern problem and the war debts held prominent places in the preliminary discussions, though neither is on the official agenda of the Conference.
It has been established that con- tracta for large munition orders, amounting to 15,000,000,000 leis (890,000,000), were concluded with: Zoletzky in 1830 without the know- fedge and consent of the gover ment's experts and other compe tent authorities. It was alleged that Zeletzky distributed bribes amounting to $4,000,000,000 leis (895,000,000) in order to secure these orders for his firm. Lupu We have either to pay them or Although Japan has been com-asserted that two ministers wore to default. I have always been pelled by the force of circumstan-among those bribed; he said that strongly opposed and view almost ces to withdraw from the League the one received 600,000 leis, the with abhorrence the very idea of of Nations she is not following an other 400,000. Although these alle- It is noteworthy, in view of the
repudiation or default.
isolationist policy but desires. togations have not been confirmed, previous bickering on this issue,
Unless the Government go into contribute her share toward the they caused enormous sensation, be- that M. Bonnet proposed Mr. Cox
the World Economic Conference success of the conference," Ishii cause Lupu's character enjoys gen. as chairman of the Monetary Com-services.
eral credit. mission, while M. Bonnet was pro- Mr. Forbes (New Zealand) argu. with a clear-cut, well-thought-out, said.
may at once! Meanwhile in diplomatic circles It is noteworthy that King Carol posed as rapportear by Mr. Neville ed that maintained excessive debt practical plan,
whole hope of any bere and at Washington Ishii's sug- himself received Lupu for a one- abandon the Chamberlain.
charges must be included in any adequate list of trade obstructions. practical and successful result of gestion that neither the Kellogg and-a-half-hour audience before he Peace Pact nor the League of Na-made one of his accusatory: New Zealand producers, he said, that Conference.
I know something of the pro- tions covenant will be effective in- speeches in the Chamber. were most reluctant to agree to the
One of Lupu's allegations Was limitation either of exports or ofblems which this Conference will struments until they forbid econo..
If all the Governmic as well as military aggression, that Zeletzky, instead of paying an production. They should concen- have to face.
income-tax of 25,000,000 Isis, bribedi trate on securing an expansion of menta represented are determined has created much comment.
Ishii's New York references, to that something shall be done to consumption.
tax officials with 5,000,000, thus help the world, something which the differences between Japan and evading taxation. will relieve the world of the ter- the other powers over Manchuria Obscure Political Intrigue, rible depression which has obstruct are considered an indication as to But the most sensational asser- ed it for wo long, then the fears of how much will be said on the sub-tions Lupu made referred the pessimists will be confounded ject during the forthcoming Con- Zelotzky's connections with Boviet and the sanguine hope of the op-
ference.
agents. The deputy suggested" that timists may be realised."
Ishii said at New York that Zéletzky was not merely a smart The Marquis of Linlithgow Sino-Japanese developments have business man, but also a political thought that, in the circumstances proved the League cannot function agent of a very obscure character. which had faced them, the National while the Chiness persist in anti- According to him, Zeletzky co Government could not have acted foreign boycotte. American diplo-operates with representatives of the very differently from what they did mats suggested that it would be Tcheks in Romania, and frequent and have survived. He hoped that probably just as dificult to definely made trips to Vienna for pur at the Economic Conference the economic aggression as military; poses surrounded with mystery." British representatives might make
Back of the latest developing in- The facts behind these allegations. known the outline of their policy tornational situation is the feeling are, of course, not yet establish- as it affected other countries, and in Japan against the closing ofed beyond doubt. At any rate, its might preserve to this country full British India markets to Japaness is a fact that the authorities, dis- liberty to implement such plans, textiles by a new fifty per cent. covered after the outbreak of the fie believed other nations were tariff. This has raised a new pro scandal that Zeletzky had a bro blem with reference to Japan and the Far East while the imminence of the June 15 debt payments by Europe to the United States, which are considered likely to be default ed, overshadows the entire Con-
Economic Commission.
Dr. Colijn, the Dutch Premier, becomes chairman of the Economic Commission, with Dr. Krogmanan, the Lord Mayor of Hamburg and Don Lebreton, of the Argentine, are Vice-Presidents.
Mr. Ramsay MacDonald 21- nounced that the Economic Com- mission would appoint their own rapporteur.
During the closing stages of the general debate, the representatives of Albania, Peru, Greece, Laivia, Esthonia and Haiti contributed their views.
Agriculture's Claim,
The Haitian representative con- centrated upon pressing the claims of the agriculturists of the world, whose purchasing power should be increased,
gent,
THE WASHINGTON STATEMENT
(Continued, frum: Page 1).
What reception did that prepo- sal get from the British Govern ment? As soon as the proposal was made the Prime Minister made a statement to the effect that it could only be accepted with certain reser vations. These reservations have been made,, and they amount to a practical rejection of any tariff truce during the sitting of the Eco. nomic. Conference.
looking to us for a lead in regard to the Economic Conference.
The Marquis of Lothian said that the Conference was inexorably and inevitably doomed to failure unless the debt question was taken into account.
ference.
to
ther in Bucharest who disappeared when apparently about to be traced and who maintained a certain con-
nection with Russians o
Premier Attacked.
Lupu was not safisfied with hav ing caused the arrest of Zoletzky Recently, he attacked: the Premier Alexander Valdas Voerod, Minister of Justice ~ Mihai
"So far as the Prime Minister is capable of making a "definite atate After a short address by the mentor one which is not capable President of Venezuela, the Vice of half-a-dozen different interpreta-
"We are
faced," he added, President of the Conference, M. tions, we had a statement that the "either with cancellation or bank gated yesterday by the authorities BRILLIANT BOWLING Ermans, called upon the New tariff truce was not intended to ruptay on a gigantic scale, or you contains a sentence covering the popovici, demanding their re
Zealand Prime Minister, Mr. For prevent us from continuing our have to restore conditions of in-licy of the Government regardington on the grounds that bes, and then tho Brazilian dele-work, the work we have now be ternational trade so that interna- the regulation of meat and agricul responsible for the ille gate, neither of whom were pre-gun, and which we are now deve tional leading may begin again. tural products. They made no contracts.
M. Hymans then suspended the loping.
These are the only two conditions other reservations whatever.
General Bical The Govdrament was thrashing mander of the 1st a meeting until the conclusion of What is the work?" asked Lord which prosperity can be restor
ed."
out its detailed consideration of Crators, who the meeting of the Bureau over Snowden. "The work is the Ph
the many questions which would be of state at the which Mr. Ramsay MacDonald was tablishment of a system of high presiding
Protection, is this country.
EARL STANHOPE'S REPLY discussed at the Economic Con when the conti
ference. If he did not disclose it shot himnali it was not because the Government to be inv ATTACK REGRETTED had got no policy, but simply be Now On the resumption of the plenary went on," in the statement a single
cause they thought that the best Gession, Mr. Hamsay MacDonald word about the American seat. It Secretary War Office) regretted completeness and its fullness was Earl Stanhope (Parliamentary time to produce that poilcy in its made a brief statement to the gea has been woefully mismanaged, es Lord. Snowden's attack on his old at the Conference itself, rether Skoda tired eral assembly, announcing the rei commendations for the Commission pecially during the past year. Pre- friend and colleague, the Prime than in their lordships' House 2
Lord Snowden said that, as he ess appointments, which were adopted. sident Hoover's gesture
The general debate then conclud magnificent one, and it would bare At any rate," he went on,pected, Lord Stanhope had succe
been of very great benefit if op- I can say with all sincerity that ed in the most attrar portunity had been taken during all we who sit on these booches have saying nothing
Ma Shao Wu was armed, but fell beneath the hail of bullets before he could draw his revolver, . Ma Shao Wu, who is Superintendent of the Special division of the Public Safety Bureau, had been active in rounding up communists.
KANSAS CONVICTS RECAPTURED
SAN ANGELO, TEXAɛ, Junę 10. Billie Woods and Clifford Dop- son, convicts who escaped a fort night ago from the Kansas State penitentiary at Lansing,' were cap- tured to-day by customs guards after a brief gun battle.
They were taken near Junction, Texas.
...
LONDON, June 18. THE most sensational first-class cricket match within the past ten years was concluded at Ketter. ing to-day when Yorkshire, the champions, beat Northanta by an ianings and 200 runs.
Northants, who batted first, were
dismissed for 27 and 68.
Macaulay, caused one of the most remarkable collapses since the war then he took. 7 wickets for 9 rung to dismiss the home county for 27)
Yorkshire, thanks mainly to a dogged 113 by Herbert Sutcliffe in the face of the wiles of Vallance Jupp (8 for 09) totalled 301.
Requiring 274 to save the innings Their capture meant five of the defeat Northants again failed dis- 11 who escaped during a baseball mally before the Yorkshire fast bowlers to be dismissed for 68. game have now been retaken,
Louis Bechtel was captured by a Macaulay had 4 for 25 to give him posse near Dripping Springs, Ark., total bag of 11 for 34 in the while H. D.. Bradbury and Jim match, while Bowes, took for 20.
The scores were:- Sterling, were apprehended Stuard, Oklahoma..
Northants: 27 (Macaulay 7 for They made their getaway by takı | 9),,:// ing the prison warden, two guards 06 (Bowes 4 for 20, Macaulay 4 and some passing autoiste for host for 25). ages, to prevent pursuers from fir-Yorkshire: 301 (Sutcliffe 113, V. ing on them.
W. C. Jupp 6 for 99).
at
ed.
Debate Eads.
LATER,
World Clearing House,
(BRITISH WIRELSES SERVICE.)
The American Debt. "There is not," Lord Snowden
was a Minister,
the twelve months of the duration of the moratorium to come to a definite settlement of this difficult question. Nothing has been done,
no spirit whatever if hostility-tó Lord Snowden, and we hope very much that the hostility be display ed this evening' was really an offer vescence which does not really be
to him in fact
Rocay, June 15,
three weeks. What is going to hap During the general debate - tɔ--- day, Mr. Connelly (Irish Free pan? Are we going to pay or are Stanhope said he would only reply State) suggested the possibility of we going to default t. It is very in very general; terma making the Bank for International significant that there is not a single The situation in the world in so Settlements, an agreed clearing word in the Roosevelt MacDonald serious that unless there is to be a house for all international ex- statement about debts Why! crash the Conference must succeed.
transfers,
and
"The explanation is this, that "Lord Snowden said that the change and that ita activities might be Mr. Roosevelt dare not at present Government was opposed to the co-ordinated with the various con- make a declaration on this question. tarif trace and had made all sorts tral banks in all countries by an! It is a matter før. Congress, and of objections, to it. That is not thỏ international agreement. Congress is very jealous of its case. The resolution of May 19
He thought the true place of gold rights upon questions like this, and (Continued at foot of next Colum
**The next instalment is due in the subject of policy, Lord
CHLLIS AND FATA PROTECTION OF THE O
QUEER