HONG KONG DAILY PRESS, TUESDAY, JULY 4, 1933.
PRESIDENT ROOSEVELT SAYS "NO" PLANE TRAGEDY RECENT MURDER THE SHENGAN PIRACY
TO STABILISATION PROPOSALS Mitigation Of Embargoes A More
Sound Proposal
FOR RESTORATION OF WORLD TRADE
Landon, July 3. Tremendous eagerness was displayed in obtaining the first issues of papers containing Mr. Cordell Hull's promised statement on international currency measures and proposals.
Mr. Hull made it clear be was making the declaration as Secretary of State and not as chairman of the World Economic Conference delegation.
any
He pointed out that the matter was purely a Treasury one and said he would regard it as almost a world tragedy if the Economic Conference in advance of serious effort to consider the problems for which it was called, allowed itself to be diverted by proposals of a pure- ly artificial and temporary experiment affecting the monetary exchange of a few nations only.--Reuter.
ONLY A SPECIOUS FALLACY"
He did not relish the thought | It is noteworthy in this connec that insistence of such action | tion that prior to the gold meet- should, be made un exense for the ing there was a conference cl continuance of basic economic British and Dominion delegates.
U.S. Oircles Amazed. errors iderlying much of the world-wide depression.
'comes the
[MR. MACDONALD'S DECLARATION
No Association With Gold Countries
#
LONDON, July 3. MR. RAMSAY MACDONALD last night informed the gold stan- dard countries that Britain could
AT CANTON
Not Due To Engine Trouble
OF 3 JAPANESE
Soviet Trade Office Ransacked
BY MEMBER OF REACTIONARY SOCIETY
BUT OWING TO ERROR OF JUDGMENT
(From Our Special Correspondent)
Tokyo, July 8. Canton, July 9.
Hajima Suritate, a member the. The local Fress is ordered by
Reactionary Society, armed with the military authorities nat. to a sword, entered the Soviet Trade publish the death of Captaining and proceeded to destroy the Commissioner's office this morn- Edward F. Deeds, who was kill- The newspaper adds that Mr. ed in an airplane accident on dered to the police, explaining he furniture, after which he aurren- MacDonald hinted at the possibil Saturday morning, but the papers was actuated by indignation st ity of a separate but not identical declaration by the United Kingdom, here will be allowed to publish the recent murder of three for which the endorsement of the the story after a few days. No Dominions is being sought.-Reuter reason is given for this suppres-chatka on June 14. Reuter,
Japanese fishermen at Kam- The United Kingdom declaration,sion of news. it is understood, will declare:
not associate herself with the gold declaration without the concurrence of the United States, according to the Daily Telegraph.
Firstly, the undesirability of It was learned to-day that the States entering into currency accident was due to an error of competition in order to acquire a judgment, as the Curtiss-Hawk | temporary advantage in interna-pursuit 'plane was unable to tional trade by depreciating the ascend after Captain Deeds had external value of their currencies below such a point as required to made a third dive within 200 feet re-establish internal equilibrium. from the ground.
Secondly, the desirability of the
authorities regulating currencies to smooth out exchange fluctun- tions due to speculative influen ces-Reuter.
First, affirming that gold coun- tries will now act independently of Britain and the United States and proceed with a common policy to be conducted by their central
Gold Countries' Declaration.
LONDON, July 3. "The declaration by gold coun- tries to be issued following Mr. American circles are amazed Hull's statement is now awaiting Mr. Hull describes the attempt at Pres. Roosevelt's statement, signature,
Signor Jung's, Italy, is the most to achieve what might be a tem- which they interpret as extreme-brief and to the point. It consiste porary, and probably an artificially nationalist and isolationist. of two paragraphs:
Some Americans even criticising stability of foreign exchange ou the part of a few large countries it on the ground that it ill be
to United States only as a specious fallacy.
The sound internal economic lecture to other countries on system of a nation is a greater balanced budgets when factor in its well-being than the United States budget itself is price of its currency in changing far from being balanced. terms of currencies with other i It is understood that President nations. That is why the reduced | Roosevelt has rejected the Ameri- cost of government, an adequate can policy contained in a state- government income its ment drawn up by Mr. Hull and
and ability to meet the service of Professor Moley last night and so cabled a substitute to Mr. Hull government debts are all
this morning. important to nitimato stability.
Let me be frank by saying that the United States seeks a `kind of dollar which a generation
obtain in the near future.
The United States broad pur- pose, declared Mr. Hüll, is the permanent stabilisation of every nations' currencies.
1.
the banks.
the
The second paragraph describes the machinery by which gold coun tries will co-operate.
Dollars Wilt
President Roosevelt's decision caused dollars to wilt on the open- ing of the exchange market. They started at 1.38, compared with New York's closing rate on July 1, af 4.34, They quickly weakened to 4.48, when bears stepped in for covering, causing a recovery (at 2.20 p.m.) to 4.45).
Sterling fell slightly against gold currencies. Continental operators are selling dollars here against sterling. This is believed to be due to reports that the British are action which makes continental making efforts at conciliation-an operators uncertain of the ultimate policy of the British regarding the
France Will Not Move an Adjournment.
LONDON, July 3. While no member of the gold henco will have the same pur- | bloc « is apparently willing to chasing and debt-paying power shoulder the responsibility and set as the dollar value, we hope to up a lead by walking out of the
world economic conference, Feeling in continental gold circles late last night was in no way happy...
The French have definitely denied the intention of moving an ad-
A Quietening Effect. journment and possibly all the other gold countries are hanging
AMSTERDAM, July 3. back from such a definite step in A statement by Herr Trip that the event of Mr. William Cordell the Dutch Government will con Hull's statement, to be made to- tinue its gold policy had a quieten- day, bringing up concrete, new suging effect. After opening with gestions.
uneasiness, sterling clored at 8.42. guilder.Reuter.
Gold, or gold and silver, can well continue to be the metallic reserve behind currency, but this is not the time to dissipate gold
reserves.
When the majority of nations produced balanced budgets and live within their means, we could properly discuss better the dis- tribution of the world's gold and silver supplica as national cur- rency reservca.
gold standard.
Aa a number of Americans them and the dollar at 1:90 to the selves do not appear to hope for much from Mr. Hull at the mo ment the most likely course seems to be that a way will be sought by the gold countries dissociating themselves from the Conference without causing a definite and ob- vious break.
HEAT TAKES HEAVY TOLL IN JAPAN
TOKYO, July 3.. He concluded by insisting on
THE heat is taking a heavy toll the mitigation of existing embar- withdrawing the chief financial de-stationed at the military base at This is possibly achievable by of lives among the troops goes as a sounder course for the legates. In any case, unless the Mount Fuji. restoration of world trade than situation is cleared up by to-night temporary exchange fixings. or to-morrow, some of the gold countries are expected to make a definite move.-Reuter.
Reuter
AT THE CROSS ROADS President Roosevelt's smashing "No" to goid countries has brought the World Economic Conference to the cross-roads of real progress or failure.
A meeting of central banks, which this morning beard Mr. Hull's statement, rose at. 12.15 p.m, and was generally convinced that no further reason exists for its prolongation.
It is reported that seven soldiers have died sud 30 are in a critical condition as a result of sunstroke during training.
Between 120 and 180 othere are ported to be suffering from sun-
stroke-Reuter.
Little Expected from Mr. Hull LONDON, July 3. The fate of the World Economic Conference seems to hang on the statement to be made to-day by the United States Secretary of THREE MUTINOUS
State, Mr. William Cordell Hull..
While forecasts from New York anticipate that the statement will leave matters much as they were before the Conference, there is hope
WARSHIPS
Now En Route To Canton?
Captain Deeds had fifteen
RUSSIAN TROOPS IN SAGHALIEN
TOKYO'S REPORT OF .. REINFORCEMENTS
Tokyo, June. 20. Adding fuel to the flames of the
three rea.
BRUTAL MURDER OF 3 RUSSIANS
AND 7 CHINESE
Thrilling Man-Hunt Around Dairen
ALL PIRATES NOW IN CUSTODY
· Dairen," July 3. One of the greatest man-hunts witnessed in Dairen ended on Sunday evening with the capture of Gantschi and Muller. The Chinese crew of the pirated Shengan willingly joined in the hunt after recovering from their nerve-shattering ordeal.
YES, I KILLED SOME CHINESE
Dairen, July 3. "Reuter's correspondent here years experience in the U.S. Russo-Japanese dispute over the to interview Messrs. Gautschi and was the first netva man permitted army air force, and took partai Japanese fishermen, lens of Muller, who were captured by a with the American air force in ponsible vernacular newspapers to Japanese officer while descending the World War. His wife, who day charged that the Soviet garria kuoll at the back of Dairen and arrived here last Thursday on the son on the island of Snghalien had -President Taft, was formerly a
been heavily reinforced. movie actress in Hollywood and halien, asserted the Soviet garrison Dispatches from Toyohara, Sag appeared in the bathroom scene of the Russian portion of that in the Paramount picture, "The island had recently been reinforced Sign of the Cross."
by 3,000 Red guards in addition to 2,000 that arrived last year.
There are now two Americana and one Australian serving with the air force here as advisers and instructors.
SILVER MARKET
(From Our Own Correspondent.)
LONDON, July 3. FOLLOWING ARE THE SILVER- QUOTATIONS ON THE LONDON MARKET TO-DAY:
July 3 July 1 SPOT ..........
18.9/16 164 FORWARD...... 18.11/16. 18
The London on New York cross rate to-day wis: £1 $4.45,
CANTON-S'HAI AIR-MAIL
Service To Start On
July 7
----------
SURVEYING FLIGHT TO CANTON
Most of the reinforcements it
was asserted, arrived after the slaying of the Japanese fishermen on June 14, an incident that has. led to an acrimonious diplomatic exchange between Tokyo and Mos cow and beclouded the current negotiations to sell Soviet rights in the Chinese Eastern railway to Manchukuo.
Strong Bed guard detachments are reported to be stationed now along the Saghalien frontier and also at the principal seaports.
The nationalistic organ Kokumin continued to publish reports that Japan is likely to acquire Vladivos- tock, Russia's chief port on the Pacific, and adjacent territory in northern Saghalien following the sale of the CER.
*
heading for the City after hiding for twenty-hours in the grass and bushes.
Yes, I
I don't
killed some Chinese. Gautschi, declared
know how many. I didn't kill Vikhman. We threw all the corpses overboard. The shoot- ing lasted, inay be, ten minutes: We only wanted to scare them but they made such a fuss the only thing was to bump them off.
We had planned the piracy since last year. We wanted to sell the ship with her cargo in Valparaiso but had no prospec- tivo buyer.
"After the killing I started feeling funny but it was too late."
-Reuter.
STORY OF PIRACY
were talking, a shower of bullets was sent through the window, kill-
called and when he appeared be ing both instantly.
The captain's "boy" had been was also ruthlessly shot dead. A deck "boy" was the next to suffer.
Within a few seconds three, Rus- signs, and a few Chinese were mur. dered, and quickly afterwards two more of the crew, who had ap peared on deck, were killed, while two men asleep in bed had their heads almost blown off because of the closeness of the range at which they were shot.
As soon as the murders had been led overboard. committed, the bodies were bund
Orime Admitted. The buccaneers now in custody. admitted that the, tale told by the crow was essentially true They said it was especially difficult to overboard as he was a giant. throw Captain Vizhman's body
The majority of the remaining seamen were scared and sought a refuge in a tiny room. They lock ed the door and, although withous food and water, remained there. till the ship grounded...
That part of the crew who had One of the scamen, interviewed were whipped and then forced to not succeeded in taking refuged by Reuter, stated that five foreign turn back the ship to Dairen, Brs on June 28 insisted that the where the pirates intended to pro- captain accommodate them at
vision and take the vessel to Val paraiso,
But more responsible newspapers failed to publish these reports, and they were discredited by officials. When Kokumin asserted last week Tangku. On the night of June 29 that Japan would acquire Vladivos at about 10 p.m.. when the ship, tock because with the sale of the was 200 miles from Shangbai, after C.E.R. the port would be strateg having studied thoroughly the lay- ically worthless, a foreign office
out of the ship, the pirates sudden- spokesman said "we never dreamly stationed themselves at strate- ed of such a thing."
The CER, conference formerly
gic positions, chiefly at the head of stairways. opened Monday and business ses- sions started yesterday coincident-
Without any warning whatsoever, one of the pirates shot deld the ally with a new exchange of notes aleeping Chinese wireless operator between the Japanese and Moscow and destroyed the apparatus. foreign offices over the slaying of
The chief mate, Azariè, hear. the fishermen, the former reiterating the shots, rushed out on deck. ing it had definite proof Soviet He was met with a hail of bullets coast guardsmen were responsible. and was killed immediately.
RUSSIAN EVASION
TOKYO, June 13, The acrimonious Russo-Japanese controversy over the slaying of three Japanese fishermen June 14 on the. Kamchatka coast is he. clauding the conference here of the sale of the Chinese Eastern rail-
Canton, July 3, Flying on a surveying trip, an amphibian plane of the China National Aviation Corporation is 4.30 pm. The machine left Shang-way, the business sessions of which expected to reach here to day at hai at 7.45 to-day and will stop en opened to-day. route at Wanchow, Foochow, Amoy and Foochow
Tokyo government officials charg- ed that Moscow is attempting, by means of loud counter-protesta evade responsibility for the slaying against the alleged presence of the. Japanese destroyer Tachikuze in Soviet territorial waters.
The plane will land on the Standard Oil Company installation at Pak Hin Hok (White Shell), mile and a half south of Shamred. Bonte in that "vicinity are warned. to clear off before the arrival of vice minister of foreign affairs, This Mamoru Shigemitsu, new the amphibian machine.
stoutly denied to-day in an inter Beginning from July 7, the avia-view with Ambassador Tureney, as- tion company will run a regular sorting the warship was suchored passenger and mail service betwem outside the three mile limit and Canton and Shanghai where connec- sent warmed marines ashore to tion may be made to points north investigate the incident, or west by the planes of the same company...
London that he will give some temporarily steadying the dollar in indication of America's plan for foreign exchange markete through the Federal Reserve Bank and for- SEQUEL TO SHOOTING OF announced by the General Post eign central banks,
Yesterday was a busy day at
Gold countrics are now more openly canvassing for an ad-
OFFICER journment of the conference, Downing Street, and Mr. Hull, while the British delegation is after a conference with Professor
Shanghai, July 3. making an effort at conciliation. Raymond Moley had 40 minutes" Chinese reports in Shanghai The suggestion that a resolu- conversation with the British Pre state that three of the five war- tion for adjournment be placed the afternoon and subsequently saw
mier, Mr. Ramesy MeeDonald, in ships, which mutineed at Teing- before the bureau to-day, or 0- the Chancellor of the Exchequer, tac on June 29, are three hundred morrow, as yet finds neither Mr. Naville Chamberlain and the miles south of Tsingtao and are confirmation nor denial, though Treasury officials.
apparently making for Canton, or possibly Foochow -Beuter.
the feeling of gold countries At 6 pm Mr. Hull mst repre- seems to be summed up in the natives of the gold countries and wae in conference, for 50 minutes.→ worda of one gold country | Reuter. delegate: “I am afraid this (Continued on next enlumn). means the end of the ference."!
con-
Next Move Lles With Britain. › Pres. Roosevelt's latest pro nouncement having definitely re moved any hope of American help on the stabilisation issue, it is felt the next move lee with Britain.
Events are likely to move rapidly, and a definite lead from Britain is confidently expected possibly within the next few
hours.
THE FOURTH OF JULY
The American Community in Hong Kong will be At Home" to friends at the American Clab on the Fourth of July from noon
to 1.30pm The American Consul General Mr. Douglas Jenkins, wishes to take this op portunity to invite all English
and other friends to this recep
tion.
A message, dated June 29 stated:
Following an attempt on the life of Admiral Shen Hung Lich, Mayor of Tsingtao, on Saturday, Lieutenant Feng, who tried to shoot the Admiral, was court-martialled on-Bunday and shot in spite of threats from the parsommel of the warships that they would renounce their fealty to Admiral Shen. Five warships thereupon deserted and sailed away on Sunday evening, leaving only three small ships in Taingtao. It is believed the i plot
The passenger fare to Bhangbai has not yet been determined, while the air-mail rates will be shortly Office,
It is understood that the air line will be extended to Hong Kong, as arrangements have been made with the British authorities there..
SHANGHAI-CANTON FLIGHT
One of the small boats of the Fumi Maru, the fishing craft in- volved, was found on the shore along with the corpses of the three responsibility of the Soviet coast victims and documents proving the guardsmen, Shigemitsu asserted.
The foreign office also charged that the GPU, the Soviet secret police, was obstrucing the efforts of the Japanese consulate at Petro pavlovsk to investigate the killing. The conference on the proposed sale of the Chinese Eastern railway. to Manchukui, opened Monday with SHANGHAI, July 3.
an address by Count Uebida, the THE China Aviation Corporation foreign minister, Japan taking the seaplane Sikorsky left there as mediator and Interested Lunghua aerodrome yesterday on a spectator. long distance flight to Canton. Reuter.
BRITISH AIR ATTACHE
APPOINTMENT LIKELY"
AT PEIPING
|| London, July 3,
was hatched while the ships were THAT steps are being taken to at Tangku, from which port they appoint an Air Attaché to the
By the transfer of the strategic northern Manchukui line Japan hopes to remove the last vestages of Soviet influefice from Manchu kuo and to nullify ancient Russian ambitions to be a Pacifc power. The Soviet foreign office two days ago registered a strong counter protest in connection with the Kamchatka incident, declaring the destroyer landed marines despite the Soviet's refusal earlier to en- tertain a request by the Japanese, government that the tachiketa ba the Japanese consul from Petro allowed to proceed to the spot with pavlos to make an investiga
had just returned. The offers British Legation at Peiping was suffok wers reported to be dis
"be | announced by Capt. Eden in the fused House of Commons to-day
nte Router LOK
cause Admiral Shen th them lucrative ahots, all
Mate's Wife and Captain Killed
cabin, where he and Mrs. Azarisff From outside Captain Vikhman's
LOVALT
Ship Runs Aground.
The name of the Shengan was painted out and the ship renamed the Whal. When the ship, ran aground the pirates wont ashore in two junks,
Westerman and Schroeder (not Schuller, as previously reported). were arrested while sleepin
with pistols under their pillows.
by
27
Taudin was arrested as he was attempting to leave the Sheng
ao.
The other two, Gautschi and. Muller, were seized in the hills after they had landed. behind. Dairen twenty-eight houre
A delightful Summer Drink
You will enjoy
OVALTINE COLD
So easy to prepare! Add to Ovaltine
- milk or milk and water. Whisk with an egg whisk or shake in a cocktail shaker, Then you have a creamy, foaming drink--as delicious as it is refreshing. Brimfal, too, of energy giving nourishment to enable you to avoid fatigue and to keep vigorous and healthy
It sup.
LOVAUTINE COLD not only quenches the thirst but invigorates as well. plies, too, the nourishment you pa need in the summer-f weather foods contam lit while the need much the same all
ordinary