THE
HONG KONG DAILY PRESS, SATURDAY, JUNE 24, 1933
CONFERENCE
ADJOURNMENT NOT DESIRED
BY PREMIER
THE SPIRIT OF THE WORK MUST BE KEPT UP!"
MR. MACDONALD'S SPEECH TO
JORUNALISTS
THROUGH REUTER'S ACENCY)
London, June 23. 'ME, RAMSAY MAGDONALD IN A SPEECH TO JOUR- NALISTS DECLARED THAT WITH THE APPROACHING THIRD WEEK, THE WORLD ECONOMIC CONFERENCE WERE OPTIMISTICALLY NOT SO DEPRESSED, AS WHEN LAUSANNE WAS TREMBLING IN THE BALANCE.
THE PAST WEEK HAD REGISTERED A LITTLE SET- BACK, NOTABLY REGARDING HOPES OF A TEMPORARY STABILISATION BUT THERE WAS LITTLE IN THIS,
MR. MACDONALD SAID THE AMERICAN POSITION ** AMERICANS ARE ENGAGED IN RAIS- IS DIFFIUBLT.
DONE HERE ING PRICES THERE AND EVERYTHING TENDING TO CHECK A RISE IN PRICES. IS UNDESIR. ABLE," MR. MACDONALD ADDED.
WAS NEITHER THE SITUATION SINCE YESTERDAY CLOUDY NOR UNCERTAIN WHILE THE SUGGESTION THAT WE SHOULD ADJOURN IS THE MOST FOOLISH POSSIBLE BECAUSE WE MEAN TO END THE CONFER- ENCE AND NOTHING CAN HAVE A WORSE EFFECT ON THE DETERMINATION OF ALL NATIONS TO FIND A BEGINNING OF SETTLEMENT.
CONTINUED THAT THE MASS MR. MACDONALD
SMALL OBSTACLE. SECRETARIAL WORK IS ONLY A THE MACHINERY IS INADEQUATE TO COPE WITH THE OF VIEWS ON VAST AMOUNT OF WORK, EXCHANGE STABILISATION CAN STILL CONTINUE
THE WHILE COMMITTEES WERE CONFERRING AND WHEN, THE CO- ORDINATING STAGE IS REACHED, WE SHALL FIND THE CONTINUANCE OF THE CONFERENCE TULLY JUSTIFIED.
"THE SPIRIT OF THE WORK MUST BE KEPT UP, AND WE MUST HAVE DRIVING FORCE," MR. MAC- DONALD CONCLUDED.
CONFUSION UNABATED
London, June a
THE CONFUSION IN WHICH THE WORLD ECONOMIC YESTERDAY BY THE CONFERENCE WAS THROWN AMERICAN DECLARATION IS IN NO WAY ABATED, AND ALL SIDES RECOGNISE THE FACT THAT FAILURE TO REACH A "STABILISATION AGREEMENT WITH THE UNITED STATES WOULD BE A VERY SERIOUS MATTER. THERE IS AN OMINOUS TALK OF ADJOURNING THE CONFERENCE ALTHOUGH THIS IS OFFICIALLY STERNLY DISCOURAGED. THE BRITISH HOPE IS THAT THE DISAGREEMENT IS ONLY A TEMPORARY ONE AND THAT THE INTERNAL CONDITIONS IN AMERICA MAY BE IMPROVED IN A FEW WEEKS SUFFICIENTLY TO PERMIT OF AN AGREEMENT.
HOPES REVIVED
THE PRESENCE OF M. LITVINOFF AND MME. LIT. VINOFF AT A LUNCHEON PARTY GIVEN TO-DAY BY THE PRIME MINISTER, THE RIGHT HON. MR. RAMSAY MACDONALD, HAS REVIVED HOPES FOR THE SUCCESS OF THE ANGLO-SOVIET NEGOTIATIONS OVER THE LIFTING OF THE EMBARGO AND THE RELEASE OF THE METROPOLITAN-VICKERS PRISONERS."
{"The Moscow Trial" happened too recently to need recapitü‹ tion here but it will be remembered that as a result of it, Messrs. C. I. Thornton and William Macdonald, representatives of the British firm of Metropolitan-Vickers, Ltd., were sentenced to three years and two years imprisonment respectively.
Following this a meeting of the Privy Gounell was summoned at Windsor Castle and on April 19, it was learnt that a proclama tion prohibiting the importation of Rusalan goods had been signed and would be issued in a special supplement of the Lordon Gazette that night.]
UNITED STATES AND
STABILISATION
[BRITISH WIRELESS SERVICE]
RUGBY, June 22. The attitude of the United Btates regarding the suggested temporary currency stabilisation way elucidated today by the fol- lowing statement issued by the American delegation to the World Conference:
1
and is devoting itself to the sup- port of measures for the establish- fiscal policy to be pursued by the ment of coordinated monetary and various nations in co-operation with each other for the purposa stimulating economic activity and improving prices.
Co-ordination of Production.
of
The Sub-committee of the Econo. mic Commission dealing with the co-ordination of production and marketing had before it an interim Undue emphasis has been plac memorandam prepared by the Se- ed upon the consideration of the cretariat and embodying the pre- plan proposed for the temporary vique ideas expressed in the course defacto stabilisation of currencies. of the discussion. It emphasies the The fact is that this was never the importance of the wheat question affair of the American delegation, being pressed forward during the It was considered by the Tepre present conference as a means by sentatives of the Treasuries and tire which prices might be raised and central banks of the United States, of enabling importing countries to Great Britain and France, Doctor moderate their tariff policy. This Sprague having been especially would be likely to exert consider- sent to represent the United States, able influence on evolution of trade Treasury for his purpose.
policy in view of the fact that the "The American Government at wheat question concerns a large ma- Washington find that measures of jority of agriculturists in all coun- temporary stabilisation now would, tries
The Conference is urged to the he untimely.'
The reason why it is considered consideration of attempts to untimely is because the American ganias certain specific branches of Government feel that its afforts to production as part of a general raise prices are the most impor scheme intended to restore buoy tant countribution it can make and ancy to economic life and it is that anything that would interfere added that Governments moat a with this effort and possibly cause sume a special responsibility while
or.
ONE MORE DELEGATE! ·
Naaking, Jane 22.
The Executive Yuan this alter- Boon appointed Dr. Wellington Koo as a delegate to the World Economic Conference. China is thus represented by tour dele gater, the others being Mr. T. V. Soong. Dr. W. W. Yen and Mr. Quo Tai Chi
REHABILITATION OF SILVER
ANOTHER COMMITTEE
APPOINTED
TO STUDY REGULATION OF SILVER SUPPLIES
THROUGH REUTER'S AGENCY]
LONDON, Jute 22, ALTHOUGH it was incorrectly
reported that Senator Key Pitt- man's silver scheme, had been shelved, very little progress has been made,
The report doubtless arose from the difficulties which have been experienced in the special silver aub-committee.
P
After considering Senator Pitt- man's resolution again to-day, the gub-committee appointed a further special committee, consisting of the representatives of Mexico, the United States, Canada, Peru, Boli via, India, China and Spain to con aider the problems of the regula tion of the supply of silver and the steadying and limitation of the flow of Government stocks of silver coming on the market.
LITHUANIA WAR DEBT
TO PAY $10,000 IN SILVER (REUTER'S. AMERICAN SERVICE.]
15. The total amount due was $132,001.
MUST
SPANISH FLYERS
SAFE?
DEATH REPORT DENIED
ĮTEROCOR REUTER'R AGENCY)',
MEXICO CITY, June 22. THE report made by the Mayor of
Apizaco that the Spanish flyers, Captain Barberan and Lieut. Col. lart, who recently completed a trans-Atlantic Aight from Spain to Cuba and have since been missing, crashed into a ravine in the Malin che Mountain, causing the death of Lieut. Collart is now stated to be without foundation."
The report apparently emanated from Indians living at the foot of
the mountain. wate
SILVER MARKET
From Our Own Correspongsat.)
LONDON, June 23,
FILVER FOLLOWING ARE THE QUOTATIONS ON THE LONDON MARKET TO-DAY:
June 23 SPOT ..........
181 FORWARD...... 18
June 29
10 10.1/16
Ekdahlstedt ABRACAD
CHRISTIAN TRADE
UNIONS
CEASE TO EXIST IN GERMANY
THROUGH REUTER'S AGENCY.]
BERLIN, June 23, ALL Christian trade unione in Germany ceased to exist from to-day.
Their old lendors, Dr. Stegerwald; Dr. Brauer and others have been. elected by order of Dr. Ley the Nazi Leader" of the German "Workers' Front.
Nazis will be appointed to re place them,
[Nazi
Brown Shirts" simul
APPEAL TO CANTON LEADERS
CO-OPERATION FOR THE GOOD OF CHINA
{THROUGH REUTAH'S AGENOY]
LONDON, June 23,
THE co-operation of China's lead.
CONTINUE!
FLOOD
DANGER AT HANKOW
WATER ONLY SIX INCHES FROM
OVERFLOW LEVEL
ers was urged in a telegram Koo and Mr. Quo Tai Chi to mem- Bent by Dr. Yen, Dr. Wellington. Desperate Efforts to Avert Another Inundation bers of the Cauton Provincial Government,
ter's open cable to the League of The telegram refers to the lat Nations sent on June 6, and states that the Chinese delegatra", infor- mation was that,
Firstly, that tens of thou sands were killed in the recent ighting in Peiping:
Secondly, that the Sino- Japanese truce was strictly milltary in effect and resembles the Shanghai armistice of last year with participation to re- presentatives of the Nineteenth Route Army:
Thirdly, that questions in- volving "sub-article sixteen and the severance of diplomatic re- lations with Japan, although welcome in principle by every Chinese, at the same time their application must be very care- fully chosen; and
Fourthly, that the Canton re- presentatives' telegram gave Japan an opportunity of mit representing China's lack,, of maity, and any lack of co- operation indicated by Chinese lleaders will weaken the posl- tion of China and also the positions of her representatives
abroad.
THE MANCHUKUO
GOVERNMENT
DEPORTS ALLEGED SOVIET COMMUNISTS
い
(THROUGH REUTER'S ADENOV,]
CHANGUHÚN, June 23. WASHINGTON, June 22. LITHUANIA has informed the
TWENTY-EIGHT alleged Soviet communists who were charged State Department of its inten-taneously occupied all the "Free with interrupting the transporta- tion to pay ten thousand dollars in Trades Chigns? 'which are mem-' tion of Japanese troops in May silver to-morrow on account of the
bers of the Universal Germany war debt instalment due on June Trade Union Leagte is throughout 1982 were deported by the Manchu
Germany, on May 2 The coup af kuo Government vis Manchuli, fected Socialist trade unions with A membership of 5,000,000. and Hitler's inaugurated Chancellor campaign to break the hold of social democracy on" the Employed Workers' Commissioner, Herr Engle, who occupies the Berlin headquarters of the Metal Work- ers' Union, the biggest German trade union.]
RESTORATION OF MONARCHY
OFFICIAL DENIAL OF RUMOUR
{THROUGH REUTER'S AGENCY.]
BUDAPEST, June 22. THE report that Signor Mussolini
has presented a plan to the preat Powers for the restoration of
the Austro-Hungarian Monarchy is unfounded, according to official quarters here, who point out that the whole country (Hungary) shares the view expreased by Dr. Gom- boes that such personal union is undesirable..
LATEST NAZI MOVE
GERMAN SOCIALIST PARTY PROSCRIBED
[THROUGH BRUTER'S AGENCY)
DISPUTE OVER
C.E.R.
NEGOTIATIONS HELP UP
THROUGH REUTER'S AGENCY.]
Moscow, June 22. RELATIONS between the Soviet and Japan over railway difficul; ties in Manchuria are not growing any the less strained.
CONFERENCE OF FIVE PROVINCES
AN
IN SESSION
(THROUGH EEUTER'S AGENCY]
Shanghai, June 23. CHINESE IMPORTANT
TELEGRAM RECEIVED THE RIVER LEVEL FROM HANKOW STATES THAT THERE HAS RISEN TO A HEIGHT OF FORTY-SIX FEET WHICH IS ONLY SIX INCHES FROM THE TOP OF THE DYKES.
Earlier reports from Chinese sources expressed the hope that the seriousness of the situation had been exaggerated. It was said that the river was receding and that in the upper reaches the po~~- sition was normal.
Since then, however, extraordinarily heavy rains have been roported. The reporta given below show the course of the events during the last week and the energetic measures taken by the Chi- nese authorities to avert a repetition of the 1931 disaster.
Hupeh, Kiangel, Anhwai and Strengthening Dykes.
Kiangsu, Nanking, June 18.-Wednesday, It is learnt that the Conservancy the 21st, has been set as the date Commission is to undertake organi-. for the inauguration of the Yangtze antion of the new Committee while Flood Prevention Committee. The the five Provincial Governments National Economic Council and the and the Economic Council will be Provincial Governments of Hupeh, responsible for its finances. The
Hunan Kiangsi, "Anhwei,
and entire technical resources of the Kiangsu, which together with the seven organs will be placed at the Yangtze River Conservancy Com-disposal, of this new Committee to mission constitute the Committee,deal with the urgent task of food have been notified accordingly.
prevention,
Reports from Hankow states that Latest reports reveal that the Mayor Wu Kuo Cheng yesterday waters of the River have risen 20 held a meeting of representatives other three inches, reaching a height of civil circles in the city to con- of 41 feet-1 inch, that being a new sider the situation. Various mea-record for "the same months in the aures were decided upon for the last 60 years. The waters are strengthening of the dykes and for already lapping onto the streets of alarm calls in case of breaches. It the former Russian concession. is understood that the Wutai Lock Navigation by night is how pro- ia causing some concern for the hibited by the Custom authorities as it is reported to be already leaking.-Kuo Min,
Incessant Rainfall.
Shanghai, June 15.-M. Hei Te Chiung, Director of the Engineer ing Department of the National Economic Council, left for Hankow to-night in order to devise flood prevention measures in collabora- tion Yangtze Engineering Bureau at Hankow and the Hankow Muni- cipal Authorities.
Owing to the incessant rainfall It is learned from Harbarovek recently, it is reported the waters that the Board of the Ussuri Rail of the Yangteze at Hankow rose to way have decided to discontinue a height of over 30 feet on the 12th the negitiations which were recent inst. This was equal to the height ly opened for the purpose of seek- ing an agreement with the South of the River on the corresponding
day in 1881-the year of the disas Manchurian Railway on the ques- tion of the distribution of freights trous floods payments.
BERLIN, June 22. THE Hitler Government, having ridded themselves of the Com- munist Party outwardly, have now turned their attention to the is regarded as impossible but
Socialist Party. brief review of the situation is
The whole of the German Social-recalled. offered in regard to the productionist Party has been proscribed in Since all traffic via Pogranichnaya | Min. and marketing of wine, coal, sugar, manner precisely similar to the pro was suspended, at the end of May, wool, cotton and tobacco.
hibition of the existence of the freights have been held up there Nazi Party in Austria, though there and up to June 13, 287 waggon is apparently no direct connection. loads of beans for destinations on The Nazis will now have an over the Uaauri Railway have accumu whelming majority in the Reichstag lated at the station.
Meanwhile, the rise of the Yang. It is understood that M. Kirsa- noff, who was appointed by the teze continues steadily. It is re Ussuri Railway as its representa ported that on the 13th inst., the tive, at the negotiations, has been water-mark was 40 ft. 3 ins., and an the 14th, it was 40 ft. 8 ins-Kuo
The Brazilian delegation have submitted a proposal that coffee should be internationally organised be included among foodstuffs which
to maintain an equal brunt between production and consumpwon.
The United States delegatron to day tabled & resolution in the economic commission, designed to lay the foundation for the gradual reduction and removal of artificial trade barriors. It asks the con forence to agree that the policy of economic nationalism is against the common interest that all arbitrary restrictions shall be removed com pletely and quickly, and that tariff barriers be reduced as soon as pos sible by reciprocal, bilateral or multilateral
Flood Prevention.
Hankow, June 18.-In view of the continued rise of the Yangtze River, General Chiang Kai-Shek,
over all other parties. There are On the Russian side, there are Commander-in-Chief of the Horan-
Commencing yesterday daily re ports of the water level along dif- ferent sections of the River: are being broadcast by the Central Broadcasting Station at Nanking. The Customs authorities along the River are co-operating in this ser vice by scuding in local reports daily.
F
An urgent telegram from Siang. yuan, Northern Hupeh, states that owing to incessant rainfall, the river dykes near Fancherig and Siangyang are in a dangerous state, The Hankow Engineering Bureau is urged to send men there to super- viso the work of reinforoing the dykes-Kuo Min."
U.S. BANKER ACQUITTED
ON INCOME TAX EVASION:
CHARGE
[TBROUGH BEUTER'S
one hundred and twenty Eocialist 140 waggon-loads of imports await Hupoh - Anhwei Bandit - supression MB. Charles E. Mitchell, formerly
members of the Reichstag, but ing transport by the they will not be allowed to exercise Eastern Railway, their right to sit in the House,
A similar prohibition applies to Socialist members of the Federal Parliaments and Municipal Coun- cils. The salaries of all Socialist; members of these bodies will cease forthwith.
Socialist meetings and. Socialist newspapers are also proscribed. The funds and property of the party are to be confiscated and agreements which officials and all employees of the should contain no discriminatory State will be debarred from mem features likely to react unfavour-bership of the Socialist Party... ably on world trade as a whole.
AGE OLD PROBLEMS
[BAITIAN WIRELESS SKEVICE.]
HUGBY, June 22, Captain Anthony Eden, the Far- liamentary Under-Becretary for Foreign Affairs, speaking at Poter borough tonight expressed the view that the probleme of the Disarma- ment Conference were just those that had baffled postwar Europe
a violent price recession world harm taking into serious, account the and had played a significant part
The Government state that they have absolute proof that the Ger man Socialiste had not hesitated to commit acts of high treason. against the Government,
Cantain Goering has instructed all Federal Governments to take similar action, preten
which the conference was now at work the other difficulties would, no doubt, adjust themselves around the nucleus of this common accord
Without such an agreement, no real progress was possible
Chinese
MR. SHAW'S ON
THE ROCKS
وم
NEW PLAY WHICH HE BEGAN TO WRITE AT SEA
(Special Air Mail Service]
LONDON. June 6. Mr. George Bernard Shaw is laughing at modern English politics enormously and politicians in an long play which he is writing At the moment his title for it is "On the Rocks"
He said in an interview to-day:
The play is more advanced than Too True to be Good, but nothing like so, advanced as The Apple Cart, which was centuries ahead. In fact, if it were produced now or during the next ten years, it would just about hit the nail on the head. It Thows the comedy of modern English politics, and something of the tragedy, too, make such an agreement peeable. The characters are typical If, for instance, an agreement A pacified Europe was the British Agures. I daresay imaginative. could be reached between France objective and for this Britain people will think they can recognise and Germany on the basis of the voluntarily undertook the very real persons, But all the charac British draft convention upon serious obligation that resulted ters are entirely detitions.
(Continued on next Oplumn) (Continued on next Column) from the Locamo Treaty.
manship to da all in its power to
the conference more than the lack opinions of the parties directly con in every phase of history-there- It was the task of British alates of an immediate agreement for corned and without whose colations of the powers of Western
operation a satisfactoryacheme Europe temporary stablization..
"As to the ultimate objective would be difficult. the American delegation has do Trade Warriors. already introduced resolution Buch a solution, applicable in designed for ultimate world-wide the asmo manner to all producte, stabilisation of unstable currencies (Continued on next Oplumn)
Forces, yesterday ordered the crea tion of a Yangteze Flood Preven tion Committee. This organ is to be organized jointly by the National Economic Council, the Yangtze Conservancy Commission, and the Provincial Governments of Huren,
NEW YORK, Junê, 22.
chairman of the Board" of the National City Bank of New York, who was arrested in March for al- leged evasion of the income tax law, was acquitted at the trial to day
The warrant charged Mr. Mit chell with purporting to sell 15,800 National City Bank shares to his wile at #212 per share on Decem ber 20, 1929, but that no actual sale of stocks took place, it being "It will be enormously long, accomplished without the passage How long I cannot tell you until it | of any money but by the exchange.
finished.
of letters.
"I began it on the ship during The warrant also stated that Mr. my tour, in January. Or was it Mitchell's gross income in 1928 December? I can't quite remem was 1,008,705, whereas his tax re ber, for I wrote another play on turn showed what purported to be the boat, a very short one, called a net loss of $48,000, and accord
ingly be paid no tax. A Village Wooing."
COUGH LINCTUS
HIGHLY RECOMMENDED FOR COUGHS, COLDS ASTHMA BRONCHITIS AND ALSO VERY EFFECTIVE FOR THE PROTECTION OF THE CHEST AND THROAT, ET
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