HONG KONG DAILY PRESS, THURSDAY, JUNE 22,
CUBA SUBMITS HER PROPOSALS
At The World Economic
Conference
SOUTH AFRICA AND THE TARIFF TRUCE
-!
FAR TOO MANY
SUB- COMMITTEES !
(THROUGH BRUTER'S AGENCY)
"FAMILY TREE"
OF THE
London, June 21. WORLD ECONOMIC
CONFERENCE HAS BEEN ISSUED FOR THE GUIDANCE OF DELEGATES AND EXPERTS AS A CONSEQUENCE OF THE GROWING NUMBER OF RAMIFICATIONS.
HAS
FROM THE ORIGINAL MAIN BODY, THERE ALREADY DEVELOPED TWO PRINCIPAL COMMISSIONS FROM WHICH SUB-COMMISSIONS, COMMITTEES – AND UNTIL HAVE RAPIDLY SPROUTED SUB.COMMITTEES
TO MEMBERS APPOINTED TO THEM HARDLY KNOW WHICH BODIES THEY ARE ATTACHED,
#
THIS MORNING'S PROCEEDING'S COVERED A MULTI- WAS TUDE OF MATTERS. THE ONE OUTSTANDING THE RECEIPT OF A DRAFT PROTOCOL FOR ECONOMIC DELEGATION SOVIET THOM THE NON-AGGRESSION
EARLIER ATTITUDE FOLLOWING UP M, LITVINOFF'S WHICH WAS IMMEDIATELY REFERRED TO THE SUB- COMMITTEE ON ROONOMIC NON-AGGRESSION, -
A FORMIDABLE TONGUE-TWISTER ON THE AGENDA DE OF THE ECONOMIC" COMMISSION-PHYTOPATHOLOGICAL QUESTIONS—OREATED AN ATMOSPHERE OF SHYNESS THE DELEGATES. MINGLED WITH SILENCE - AMONG
OR TO THE SANER THE CHAIRMAN THEN PASSED MATTER OF PUBLIC WORKS.
THE TARIFF TRUCE
CUBA HAS SUBMITTED PROPOSALS TO THE WORLD" ECONOMIC CONFERENCE AIMING AT STABILISATION.
REGARDING THE WORLD'S PRODUCTION OF SUGAR, IT IS PROPOSED THAT NO NEW SUGAR FACTORIES BE CONSTRUCTED FOR THE NEXT TEN YEARS, ALSO THAT THE EFFECTIVE AND PRODUCTIVE CAPACITY OF THE EXISTING FACTORIES ARE NOT TO BE INCREASED.
NO NEW BUBSIDIES OR BOUNTIES ARE TO BE GRANTED AND NO TARIFF DUTIES ARE TO BE IN. CREASED WHICH MAY RAISE THE EXISTING RATE OVER SEVENTY PER CENT. IN PROPORTION TO THE ESTIMATED VALUE OF GOODS.
ALL EUROPEAN COUNTRIES. ALSO SOUTH AFRICA. THE CUBA AND VENEZUELA NOW ADHERED TO TARIFF TRUCE. THE SOUTH AFRICA RESERVATION IS IN THE THAT ALL GOVERNMENTS REPRESENTED WORLD ECONOMIC CONFERENCE SUBSCRIBE, TO .IT AND THAT THE TRUCE WILL NOT APPLY DUTIES EN- TIRELY LEVIED FOR REVENUE PURPOSES.
RETURN TO GOLD
London, June 21.
that
trade depression, declared cheap money was indispensable for trade recovery and urged the banks of world to reveal their money policy for trade and industry.
He recalled that since October. 1920, wholesale commodity prices, expressed in gold, had declined one: third and raw material prices from fifty to sixty per cent.
The leading Japanese, Swiss and Italian representatives at the Gon- ference spoke on Mr. Neville Cham- berlain's resolution which was cabled through on 19th inst. Mr. Teushima, the Japanese Finance
As long as traders thought prices Commissioner, while accepting the
ware going to be still worse they British resolution in principle con- would not embark on business! addered that in the present phras operations. Therefore any action ing, it might lead to inflation, Mr. which has the flavour of deflation Bachimann, the President of the on the part of the central banks Swiss National Bank, urged the would be extremely injurious. Conference that as a first measure,
Banks' Intentions.
BONCOUR AND SOONG
HAVE A GENERAL"
DISCUSSION ..
(THROUGH RAUTER'S ADENCY.]
PARIS, June 20.
ACCORDING to reports here, M. Paul Boncour and Mr. T. V. Soong had a general talk on the Far Eastern situation, Mr. Soeng. explaining his view to the French Government. There was no ques tion of his asking for a loan,
Soong It is believed that Mr. intends taking similar visits to other European governments, al- though no special importance is attached to the interview and it is emphasised that Mr. Soong is re- turning to London on Thursday to Mac- Junch
Ramsay with Mr. Donald.
Exchange of Views.
Mr. Soong is leaving the detail work of the Chinese delegation to the World Economic Conference to other members of the contingent, leaving him free to undertake ex changes of views with the repre- sentatives of other Powers on the Far Eastern situation and also, it is believed, discussing proposals
JUST A PLAIN MONSIEUR
PRINCE'S SACRIFICE FOR LOVE
THROUGH REUTER'S AGENCY.}
this afternoon,
LAUSANNE, June 91. WHEN Prince Asturias marries Allo. Edelmira Sampedroccejo, the daughter of a Cuban planter he becomes just plain Monsieur Alfonso Debourbon, without any royal prerogatives owing to his father's opposition to his marriage to a nou-royal girl,
The civil ceremony will be held in the Church of the Sacred Heart,
It is likely that Prince Juan, the third son serving, their Majesties enterprise will be proclaimed heir.
SILVER MARKET
(From Our Own Correspondent.)
7.
ON
LONDON, June 21. FOLLOWING ARE THE SILVER LONDON THE QUOTATIONB MARKET TO-DAY:
June 20 June 21
19.3/10 SPOT............ 18.1/16
191 FORWARD...... 191
by which his offer. during the plen- dànhADIAL DELALAL
ary session, of China as the key
to a solution of the world crisis, might be acted upon.
In an interview in Paris. to-day, Mr. Soong told Reuter that he was visiting the French capital to pay his respects officially to the head of the French Government and the Minister for Foreign Affairs Jul- invitation from the lowing an French Government which he re- ceived while he was in the United States.
Other" Visits.
Later, in the same way, he will and be visiting. Rome, Berlin. Geneva.
RAID ON HUGENBERG
HEADQUARTERS
FUNDS, PROPERTY AND
UNIFORMS SEIZED
1933
ANGLO-DUTCH RELATIONS
| NO DISCUSSION ON RUBBER RESTRICTIONS
(THROUGH REUTER'S AGENCY)
IMPORTS FROM JAPAN
AND INTERNATIONAL
PROHIBITION.
(THROUGH REUTER'S AGENCY)
LONDON, June 21. IN the House of Commons to-day, LONDON, June 21.
Capt. Eden answered in the "NO negaliations in regard to
negative to a query by Mr. G. Le rubber restriction had been M. Monder, (Labour) as to whe- proceeding between the British and ther consideration had been given Dutch Governments although Anglo to the question of a general inter Ditch rubber producers themselves national prohibition against im- are holding discussions," suid ports from Japan, following the
League of Nations' report. Wardlaw-Milne invited him to en- Philip Cunliffe-Lister when lighten the House of Commons on the situation.
Sir
Sir Phillip added that tuoreover been received no request of any sort or kind for negotiations has from the Dutch Government.
TRADE AGREEMENT RACTIFIED
(BRITISH WIRELESS SERVICE]
Ruany, June 20, RATIFICATIONS of the Anglo-
Danish trade agreement were exchanged at Copenhagen tc-day between the Danish Premier and Mr. Hugh Gurney, the British Minister. The Agreement,enters into force immediately.
LANCASHIRE FOR STABILISATION
RESOLUTION PASSED BY MASTER COTTON SPINNERS
Ta2000 REUTER'S AGENCY]
LONDON, June 21. THE Manchester correspondent of the Farcial News says that the Federation of Master Cotton Spinners have unanimously passed a resolution advocating support for all silver rehabilitation measures.
The meeting of the Federation held yesterday was addressed by
F. L
Harden, Lieut.-Colonel formerly Associate Editor of the decisive onslaught on China Press. Hugenberg's national organisation and occupied their headquarters and branch offices, seizing funda, property and uniforms.
(THROUGH REUter's Agency,]}
BERLIN, June 21. COERING'S secret police, rein- While he proposes to take ad- forced by armed storm troopers
vantage of the opportunity to estab-made lish direct contact with the heads of the leading European govern- ments, he had no particular sub jeet to bring before the French
ministers.
They had been exchanging views on the Far Eastern situation gen. erally. He was not trying to raise any further loans.
Asked whether he was satisfied with his talks with M. Paul-Bon- cour, Mr. Soung replied: "Of course. I have to be satisfied?"
Mr. Soong is seeing M. Daladier again to-morrow and apparently it is not quite certain whether he will leave for London to-morrow.
·THE LABOUR CONFERENCE
GERMAN DELEGATES WALK OUT
THROUGH RECTER'S AGENCE.]
LONDON, June 20
International Labour Confer- ence has withdrawn.
It should proclaim on principle, a "We httach importance to the general return to the gold standard, suggestion that the intentions of THE German delegation to the particularly by Britain and America. the banks should be stated so that
IMPORTANT RESOLUTION
PASSED
11
PROTEST TO DR. SCHACHT
AGAINST GERMAN
MORATORIUM
[REUTER'S AMERICAN SERVICE.]
NEW YORK, June 21.
THE New York banks have cabled to Dr. Schacht, the Presidens
He spoke at some length press ing for support for the internation- al stabilisation of silver, and said that over one and a quarter million spindles in Lancashire have been scrapped and the thousands of fooma thrown into idlesness purely as a result of the fall in silver
prices.
It was decided to forward the resolution urging an effort to in crease the price of silver to the Prime Minister, the Chancellor of the Exchequer and to all members of the House of Commons.
TROOPING THE COLOUR
of the Reichsbank, declaring that DUKE OF YORK FORCED TO
moratorium proclaimed
oa
the June 8 is, unwarranted, unjustfied and injurious to the public and pri vate credit of Germany,
FENG EXISTING ON PLUNDER
RETIRE
(Spacia) Air-Mail Service)
London, June 6. While the Queen, the Duchess of York, and Princess Elizabeth watch- ed with eager concern from a near- OPPRESSION OF POPULACE IN by balcony, the Duke of York was compelled to retire from the Horse CHARHAR.
Guards Parade during the trooping the Colour ceremony, at which the Prince of Wales was representing the King on his Majesty's birth- day.
all the world may know the pur- No steps. were taken by the pose and the policy which they Bureau to prevent their departur intend to pursue. We are not tor to find a compromise. It is the
Peiping, June 16. Although regaro a cheap monetary policy as view of the Bureau that no affront nominally General Feng Yu Hsiang's constituting by itself a remedy for
movement has collapsed, and it is all the evils that indict the world.of any kind was offered to the de-
likely that General Sung Cheh Yuan But cheap money in the financial legation.
Dr. Ley accompanied by his col-will return to Kalgan, in a few days centres is the indispensable back- ground against which the economie leagues left for Berlin in the even to resume his post as chairman of
take ing.
the Charhar provincial government, recovery of the world can
the Christian General" and his place.
ally, General Fang Chen Wu, con- tinue to oppress the populace, and they and their armies are living on confiscated goods.
(THROUGH' REUTER'S AGENCY.]
LONDON, June 21, THE monetary committee of the Federation of British Indus. Lries an organisation representa Dear money, or even in the pre- tive of all the leading firms in the sent conditions moderately dear country-passed an important r money, is a handicap to world ro-
solution to-day, urging the Britishcovery. Government to give every encuur- "I want to emphasise the ex- agement to any practical proposa treme desirability of co-ordination to raise the value of silver in teln in oredit policy between the central If those banks parsue tion to gold and to promote the banks.
policies which lead in opposite stabilisation to silver.
directions or even if they adopt dif ferent methods in trying to schiave the same end we shall not secure what we want.”
STABILISATION OF SILVER
URGED BY FEDERATION OF MASTER COTTON SPINNERS (BRITISH WIRELESS SERVICE.]
||
discussion was mainly devoted to the subject of what the Australian Minister Resident in London Mr.
An official release is now giveu Stanley Bruce, said Australia felt was the great object of the con- to a typical piece of effrontery on ference namely to increase world purchasing power and, as far as the part of General Feng Here possible, avoid the remedy of a recently sent an empty freight tram duced would production.
Production Restricted,
"Restriction of production seems pre to us to be a terrible policy to
accept," he said.
He added that governments should see that their central banks had the powers required to serve an open credit policy.
Re-establish Gold,
"We in Australia have great The Second monetary sub-com.obligations to the world to develop a great continent and to utilise all Ruday, June 20.
discussion,
our resources for the benefit of THE general committes of the mission, after some
mankind." Federation of Master Cotton adopted unanimously the first two
It had been suggested many Spinners have unanimously passed points in the United States reso- a resolution urging the British lution, namely, "that it is in the Government to co-operate with, the interests of all that stability in the times, said Mr. Bruce, that the United States, Canada, the Argen-international monetary field should trouble was that the primary in- tine and Mexico is securing an be attained as quickly as possible dustries of overseas countrice had increase in the price of silver and and that gold should be re-estab-increased their production and dis
lished as an international measure organised the world markete. international stabilisation.
of exchange volués.”.
That would not bear exam-
CHEAP. MONEY FOR TRADE RECOVERY
(BRITISH WIRELESS, SERVICE.)
of seventeen eur, with guards, to Nankow, forcing the railway autho rities there to deliver a train-load of coal, with which the laden train returned to Kalgan.
The Duke had been given some trouble by his mount during the ride from Buckingham Palace. Twice his horse was startled by the loud cheering which greeted the procession, on one occasion rearing and nearly colliding with the Duke of Gloucester's horse immediately. behind,
While the Colour was being trooped along the ranks of the Guards the Duke of York was scen to turn pale, as though he were feeling the great heat. He leaned forward and said something to the Prince of Wales, then wheeled his horse and left the parade ground...
For about a quarter of an hour! According to an official statement the Duke of York remained on the issued here, since General Feng's other side of the Horse Guardá Arch movement started he has been rein the outer yard facing Whitehall, sponsible for the confiscation of over while the Duchess waited anxiously 12 tons of foodstuffs and 150 with the Queen. Then he returned animals and has impressed a number and resumed his place, next to the of coolies.
Earl of Harewood.
MAYOR OF NANKING ON WWAY TO CANTON
Prince's Inquiry, The Prince of Wales turned in his saddle and could be heard say- ing: Are you quite sure you are all right now 1" The Duke of York, NANKING, June. 20.'-
who still looked pale, reassured him." An addition, proposed by Lord tion. There had been an Increas
Acting under instructions from Hailsham, that each country shoulding obstruction of European mar be free to determine the time and kets by an ever-rising tide of pro- Mr. Wang Ching Wei, president of The Prince continued to question the parity at which it should re-tection for European agriculture. the Executive Yuan, Mr. Shih his brother, and the Earl of Hare turn to the gold standard wag niso The result of the quotas imposed Ying, Mayor of Nanking, left the wood, Prince Arthur of Connaught, accepted.
had been to stimulate in England capital on the 19th for Canton and the Earl of Athlone also spoke A sub-committee to deal with the production as well as to raise where, it is understood, he is to to him. LONDON, June 20.
silver question, over which Benator prices. This was an international report to the Southwestern leaders At last year's ceremony, it will Pittman will preside, was also set conference trying to solve the troub on the recent armistice agreement he recalled, the Duke of Gloucester's les of the world as a whole and concluded with Japan. Mayor horse became nervous and the Duke During the sitting of the econo- they had got to get rid of nationa Shih is accompanied by Mr. Tien
tion Canton Gasdite, mic commission where the generallistic ideas and to co-operats for Shih Peng, vice-Minister of Educa
(Continued on next Column). common good, i
Trade Recovery.
At the Conference to-day, the Chancellor of the Exchequer, Mr. Chamberlain, speaking in the sub-up committee of the monetary commis sion which is considering immediate measures for dealing with the world
the parade ground. was obliged temporarily to leave
:
Mr. Mander suggested that meet- ings of the League Sub-Committee (21) should be held publicly. but Capt. Eden pointed out that that did not rest with him. JAPANESE PROTEST
AGAINST ALLEGED INCIDENT IN PEIPING
THROUGH REUTER'S - AGENCY. ]
PEIPING, June 21.
YANGTSZE STILL RISING
GRAVE ANXIETY 'IN NANKING
"LTBRÖUGE, REUTER'S AGENCY)
NARXING, June 21, WITH the river level in Hsin- the bund, residents in Nanking and the outskirts fear an immediate flood,
kwan only a few inches below
The National Economic Commit-
Hunkow Baying that the Yangisze tea have received a telegram from water mark yesterday morning was Thero forty-four feet, two inches. was a further rise to-day of thir teen inches.
FARMS INUNDATED-
"HANKOW, June 15. AS result of another torrential downpour yesterday, the Yang- tsze River level here has risen further by three inches.
Preventive measures are being taken by the Hankow Engineering Bureau of the National Economie Council in conjunction with the Municipal Authorities, and it is THE commandant of the Japanese expected that although the con- Legation guard here has sent tinun rising in the water level a protest to General Ho Ying gives cause for apprehension, an Ching against an alleged incident other flood disaster will not retur. this morning when Chinese gen-. The situation, it is understood,, is darmes on a tramcar were said to engaging the serious attention of He have fired with pistols on a patrol General Chiang Kai Shek, of ten Japanese soldiers, who were conferred with Mr. Li Fan. 1, Hupeh Provincial Commissioner of. on the march at the time.
Fortunately, however, no soldiers Reconstruction, who went to Nan or pedestrians in the vicinity were chang to report, injured.
PRESIDENT ROOSEVELT SHOWS LITTLE SIGN OF WEAR.
www.
Dykes Endangered,
An unconfirmed message says that the River has overflowed ita hanks at Chi-chun (eastern Hupeh) and resulted in the inundation of over 100,000 mows of farm land.
Heavy and incessant rainfall is also reported from Haiangyang, Emergency where the dykes are said to be in danger of collapsing.
being however, are, measures taken and the danger, if any, is believed to he somewhat exagerat
WASHINGTON, June 16.. President Franklin D. Roosevelt, with the cares of the special ses sion of congress over. cleaned up odds and ends, such as signing some of the important bills, and departed to-night for a much-needed.-Kuo, Min, ed vacation.
Showing little signs of wear after the around 3 months just passed, Roosevelt entered upon his vacation his White House duties when he with the same vigour as he did upon IN
Last called the special session
Hurried conferences with various March. members of his cabinet left him ready for his rest, and he depart ed by special train at 6:33 p.m. for the north.
Roosevelt plans to spend his vaca tion in New England and New Brunswick. He will go first to to Groton. Boston, and thence Mass., where he will visit his sons aboard the schooner Amber Jack.
From there he will proceed to Portland, Marion, Mass., and Maine. Next he will call at Camp Bello, New Brunswick.
NO DANGER OF FLOOD
NANKING, June. 15. interview yesterday, spokesman of the National. Economic Council intimated that the present rising of the Yangtze in Huneh was not likely to be fal- lowed by floods. He recalled that the record height of the River level
at Hankow, which was reached in 1931, was 56 ft. 6 in. The dykes constructed by the National Flood Commission, the spokderman inti
One meter (that is, mated, were about three feet) higher than this record height. The present water level at Hankow, which registered. about 40 ft., was thus still 16 It.. below the top of the dykes,. The spokesman added that there was usually a rise in the River in the Roosevelt expects to return to first part of June every year. The Washington the first week in July.height of the present water level after spending two weeks on his at Hankow.. should not "therefore trip.
cause undue apprehension, he said..
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