HONG KONG DAILY PRESS FRIDAY JULY 28 1933
FAREWELL TO HISTORIC CONFERENCE
DELEGATES EXPRESS THEIR VIEWS
ROOSEVELT SENDS PERSONAL MESSAGE TO MACDONALD
RACE FOR ECONOMIC ARMAMENTS DENOUNCED
FINANCIAL AND ECONOMIC
REPORTS ADOPTED
London, July 27.
The Geological Museum, which recently has been like a tomb, was animated this morning for a farewell to the historic conference. The galleries being crowded.
Mr. R. MacDonald, who opened the meeting punctual- ly at 10 a.m., expressed the hope it would finish at 5.30 p.m. He said that the speeches would not be translated in order to save time.
M. Bonnet introduced the financial report, briefly reviewing the difficulties of the Commission, stating that if on this occasion we were unable to reach full agreement on all points, we do no doubt the possibility of reconciling our views in due course,
THE BETTER PATH
M, Masaryk, Czecho-Slovakin, on behalf of the Little Entente, declared the coming recess should
menta.
CHANCELLOR ON W.E. CONFERENCE
| ADJOURNMENT DOES NOT
MEAN CONCLUSION
BRITISH LEGATION AT PEITAIHO
ESTABLISHED FOR SUMMER MONTHS
PIPING, July 8, WHEN Sir Miles Eampion leaves Weihaiwei, on July 29, be will
sloop Falmouth, the British. Au-
Legation where several members of the
summer
at....
DEATH OF GEN. MUTO
SUCCUMBS TO GALL BLADDER TROUBLE
Tokyo, July 27,
One of the tasks of internation- give puple opportunities for re
LONDON, July 98. al economic policy in future will viewing the position. It was bet public work expenditure in the proceed "direct to Peitaiho in the Se reliably learned that Gen. be to consist in creating employ-ter to face the difficulties honestly House of Commons to-night the thorities hang now established, the official announcement has REMARKING on a debate on
Muto died this morning, though ment by bringing countries of a than to reach superficial agree-Chancellor of the Exchequer re low standard of living up to the
Peitaiho been temporarily withheld pend level of more advanced countries. Dr. Schacht ended by saying that the German Government in future would always be ready to join in international co-operation.
BELGIUM TO REMAIN ON.
GOLD
M. Hymans, a spare figure with. an unruly mop of white hair, re- called the Geneva Sino-Japanése dispute. He agreed that the early hopes of the Conference had not been fulfilled and emphasised Belgium's determination to main- tain the gold standard.
A DEFINITE ACCOMPLISH.
MENT
pudiated the suggestion that the adjournment of the World Confer ence was synonymous with its con- clusion or completion,
|
Legation Staff have already gone to prepare for Sir Miles Lampson's arrival.-Neuter.
It is clear that the Conference M. Oliviera, Brazil, hailed the wing able to tackle the most im- was obliged to adjourn without Silver Agreement as a definite portant part of the agenda because BRITISH EMBASSY accomplishment and gave the conditions intervened just as the opinion that the work started will Conference began which made it surely continue.
IN CHINA impossible at present to continue The Conference adjourned at of the most important points.
the discussions usefully upon some 12.45 p.m.-Reuter.
P
Stabilisation Impossible.
Ho entirely agreed that in the recently, it was impossible for that circumstances in the United States
Government to contemplate the temporary stabilisation of their currency.
JAPAN SUPPORTS U.S. A thin gathering heard the re presentatives from Haiti.
Ishii who followed said the Japanese had throughout insisted on the maintenance of the Most to the World crisis had been Favoured Nation Clause and the found in six weeks, he sharedMost Favoured Nation Clause and the view that a solution could be removal of trade barriers, there- effected at a more favourable fore they strongly supported then in an atmosphere of tran
Although no acceptable solution
moment.
MESSAGE TO MR. R. MACDONALD
American proposals of July 31 in favour of a discussion on these subjects.
REPORTS ADOPTED.
DISTINCTLY WORTHWHILE RESULTSing sincere admiration and respect ancial Reporte."
Speaking as President of the Monetary Commission, Senator Cox said, there had been distinct- ly worthwhile... results at the Conference, and not that diver-
gence of opinion on important subjects that might have been expected. We agreed that to dis- continue applying our best en deavours to concerted civilisation
it would have been the most sad reflection on humanity in all, history,
DEBTS
become necessary for them to join in the mad race of high tariffa and quotas which were strangling world trade.
If the Conférence had
not
achieved tangible results, he was not unduly pessimistic as, for example, there wae greater agree. ment in principle as regards com. mercial policy than ever before.
there should not be a reassembly He saw no reason to assume that of the Conference when changed circumstances enable the countries again to discuss the currency ques quillity,
He still believed that the attain ment of full national prosperity was dependent on the restoration of international prosperity..
U.S. Experiment:
SUGGESTION AGAIN REFUSED
LONDON, July se THE suggestion which has been mads frequently in the last tion in Chins should be raised to few years that the British Lega the status of an Embassy, was again made in the House of Com- mous to-day.
ing the decision of his successor, who it is expected will be General Senjuro Hayashi, "Chief" of "Mili- tary Education.
been created a baron, in re
Gen. Muto bus posthumously"
cognition of his valuable services,
Moxo, July 27
It has formally been decided to recommend General Takashi Hishi- kari, Military Councillor and former Commander-in-Chief of Formosa and Kwantung, to be the successor to General Muto.
CHANGCHUN, July 97.
Marshal
It is officially announced that Muto, Commander-in- Chief of the Japanese forces and a critical condition with gall-blad- Special Envoy in Manchukuo, is. in der trouble.-Reuter,
T. V. SOONG IN PARIS
CHANG
The proposal to this and was made by Sir Nairne Sandeman, who asked the Foreign Secretary to consider it from the viewpoint of the necessity for Britain to be represented in China by a diplo matist with the necessary ·EX- Mr. Hull presented to Mr. R.
perience and seniority. MacDonald & personal message The Conference unanimously
But the United States was try
Captain Anthony Eden, the Un- TO INTERVIEW GENERAL from President Roosevelt express-adopted the Economic and Fin-scale of extraordinary interest told Sir Nairne Sandeman that ing an experiment on *gigantia der-Secretary for Foreign Affairs, Conditions there were more favour Sir John Simon was quite satis at Mr. MacDonald's courage and
able for its success than they wouldfied that Britain would continue patience as President of the Con- A RECESS; NOT THE FINISH
be anywhere else. closel
to be very satisfactorily represent ference, declaring that Ameri-
He reminded the House that Prod in China without taking the can's understood other nations the rising of the Conference was reduction of wagen far greater
Mr. R. MacDonald declared sident Roosevelt had had to face a step suggested. Reuter, problems better to-day than be a recess and not the finish. His than had taken place here. It fore the Conference. He trusted early hopes had not been destroy would be a great success.
might be that the experiment others would, in the same spirited, only postponed. There were and goodwill, view American signs of a revival in World trade, policies which are aimed at over- but there were still obstacles in coming an unprecedented econo- the way of prosperity. Nations
mic situation.
NOT A FAILURE
18
Referring to debts, Senator Cox stressed the importance of the Bank of International Settle ments as an instrument necessary to stimulate constructive effort. He added, there could be no general World recovery as long as
wards World rehabilitation, be- credits obstructed trade
channels.
MR. RUNCIMAN'S REPORT
Mr. Runciman, the Economic Committee rapporteur, gave a pithy account of his stewardship. He contended his report did not minimise the difficulties and did not exaggerate the progress they had achieved in the useful work. of exploration.
He drew atten-
the
Empire Currency Union.
was made during the debate for In reply to suggestion which had attempted to solve problems Chamberlain pointed out the diff an Empire Currency Union, Mr. by economic armament, economic culties ascertaining the right' reta- disaramament was the only solution between the various Empire tion for the present impasse.
currencies and sterling,
Mr. Roosevelt continued; I do A LITTLË BRIGHTER not regard the Conference as a failure as, largely because of the
DROP IN STERLING The delegates brightened up result of your tact and persever when M. Jung declared the past ance, the larger and more promin
London, July 27. week marked an important acent problems will continue to be change Market, to-day, was a The main feature on the Ex complishment and held there were discussed prospects for ultimate progress there is need of new adjustments sterling. The dollar opened at it is recognised general all-round weakness in on the lines of international co-operation.
to meet .the. Meantime,
unprecedented World Economic troubles were rely on our continued efforts to there was a certain amount of
economic conditions.
4.634 but strengthened to 4 637 You can on commercial demand, and uncurable piecemeal; for example the tariff truce and monetary cause we are convinced that they stability formed a single problem. continuation He declared that managed cur inconceivable as wealthy countries could afford ex periments, but wisdom had dictat- ed for Italy a rigid adherence to the gold standard.
rency waa
MR. CHAMBERLAIN DISAPPOINTED
of the. World French francs bettered from Economic Conference will result 5:31 to 84.87, other gold cur- in practical good in many fields. rencies similarly strengthened
against sterling-Reuter,
ECONOMIC ARMAMENTS
DENOUNCED
Mr. Cordell Hull said time.
be afforded for nations
must
to further broaden their economic plans in order to co-ordinate
tion to the useful progress in co- Mr. Neville Chamberlain was them on a gradually increasing ordination, production and mar- unable to disguise great disap-scale according to the Conference keting and asserted that trade pointment that so little progress programme. The wildest mili barriers at mast reduced the had been recorded regarding a tary armaments of the past. work accomplished to provide a number of important and most scarcely exceeded, in danger, the valuable basis for further buginese urgent questions vitually affecting Present mad race between most
the World's recovery.
nations to promote economic armaments which inflict colossal
after the recess.
TRIBUTE TO M. COLIJN
Mr. Runciman's tribute to the Chairman of Committees aroused bursts of applause, when with reference to M. Colijn he said he Was & great chairman and a most experienced and courteous gentleman."
แ
Committee at any rate had no
at an early stage.
4x-
M. BONNET SPEAKS OUT M. Bonnet, with flashing eyes
SILVER MARKET
(From Our Own Correspondent)
LONDON, July 17. FOLLOWING ARE THE SILVER QUOTATIONS · ON THE LONDON MARKET TO-DAY 12
July 98 177. 18
July 27 SPOT 18.8/10 FORWARD... 181
THE LONDON ON NEW YORK. GROSS HATE TO-DAY WAS! STI $4.57.
THE SITUATION IN INDIA
TERRORISM LARGELY
CRIPPLED
U.S. PURCHASING
COTTON FUTURES
ELEVEN MILLION BALES REQUIRED
PARTS, Joly 27. T. BOONG, to-day arrived from Berlin. He is seeing Marshal Chang later.
Chang flys to London on July 30, for a busy fortnight, He wilt leave his sons, Martin and Ray- mond, in London for tutoring prior to their entering Oxford or Cam
to their
THE NANCHANG CAPTIVES
It was not a part of the policy of this contrary to link sterling
WASHINGTON, July either to gold on the one hand or THE United States Government is to the dollar on the other. We purchasing cotton futures in
este of this country and of the Em-ing the crop reduction campaign course independently in the inter for growers who took options dur- must coutine to pursue our own order to ensure cotton for delivery FEAR THEY WILL BE PUT
reviewed the schemes already un slightly over 11 cents per pound
** ON THE SPOT It is estimated that the Govern- Referring to public works, he ment needs 1,100,000 bales, coating
directions in which they could in dertaken and said the Government Reuter were constantly searching for any way stimulate industry and
pire.
REPORTS reaching Dairen ind
DAIREN, July 27
cate that it has become in creasingly difficult to negotiate for the release of the three captives, officers of the se. Nanchang on
restart the wheels-British Wire BRITAIN AND THE account of the retreat, far inland. lens.
SOVIET
EINSTEIN TO STAY NO PERMANENT TREATY
IN ENGLAND
YET
ton, July 26..
of their captors
The retreat followed the recent dispersal of the bandits hy a force. of combined Japanese and Manchu kuo troops, in which 20 of the desperadoes were killed and three wounded.
Considerable anxiety is heing Telt leat the pirates put the three Britons" on the spot," as the cap
STATEMENT IN HOUSE OF REPLYING a are more of a menace bible
COMMONS
LONDON, July 28 PROFESSOR Einstein was in the House of Commons gallery when Commander Locker Lampson introduced the nationality of Jews Bill, designed to promote and ex. tend citizenship in Palestine of Jews deprived of citizenship else where.
bandits safety than a possible source of income.
liament Capt. Anthony Eden said no discussions for a perman ent treaty, as distinct from a trade On the other hand, the captors agreement, were in progress at the may have joined some larger force present time between Britain now of outlaws, with a view to putting the Soviet Governmente, up a determined resistance against Whether they were likely to take any further onslaught by troops- place depended on various cir Reuter comstances including the Soviet attatade towards debts and claims. -British Wireless.
Referring to the prosecution of the Jews Commander Lampson said GERMANY WANTS
some of the most learned and patriotic citizens of Germany had been driven out of that country in cluding Professor. Einstein, gener ally admitted as the world's most eminant man of science, England was proud to afford him shelter at Oxford-British Wireless.
ITALIAN AIR ARMADA
We do not attribute the blame injuries on the masses of people to anyone but await more pro everywhere. Nations must pur picious circumstances to resume our labours.
sue... lesa extreme economic policies, discard artificial Mr. N. Chamberlain added that pedients to protect inefficient none of us under values what has industries. Every country should been accomplished and the useful first have a comprehensive domes resolutions that have been adopt tic programme to deal with de ed on the monetary side, while pression, but international co Mr. Bunciman declared that the economic side had been more operation is necessary to provide some countries have practical fully developed although disa broad basis to build a stable measures for the reduction of cussions on tariffs and trade bar domestic economic structure. trade barriers. All this is leasriers had been checked by the than we hoped, but the circum- same obstacle which had blocked. the progress on the monetary stances over which the Economic
side Britain is unable to accept and emphatic gestures, defended
LONDON, July 20 control interrupted our discussions the position which stereotyped the French monetary policy. HORD Reading, in the House of the present differences in tariff declared that the foundations of recent speech made by Lord Lloyd, Lords tonight, referring to a levels. They welcomed Ameri- future agreements had been Isid said the impression it created was ca's recognition that high tariff countries should take the lead in and we can without excessive that the Government were conceal reducing them, but regretted that optimism anticipate concrete re-ing information relating to the
suits shortly,
which Would Political conditions and the spread of communist and terrorist activit effectively facilitate the economic ties
SHOAL HARBOVE, July 28. reconstruction of the World. Lord Reading for the GovernGENERAL Balbo and his Italian
air armada have decided to be ment, said there was no founda- M. Bonnet also affirmed tion for the suggestions made by gin the return flight to Italy The France's determination to adhere Lord Lloyd, Dr. Schacht said that after to the gold standard. We Terrorism had existed for many
we aeroplanes leave to-morrow by the
Northern route, via Ireland Reuter more than six weeks of ardent especially deplore the failure to years in India, but the activities almost none of the items on the to speculation which are work it was a regret to see on limit exchange fluctuations due chippled. Cars dan
of the terroriste iad been largely
genda agreements had been trimental to labour investments. had finally emanated from com reached. The résolutions which
HOPELESSLY SENILE mittees merely constitute general opinions and recommendations M. Maisky scornfully declated Aimilar to
gistered at that Though the Conference was
only six weeks old
tope- lessly senile that
"A COLD DOUCHE
M Colijn poured a cold douche on the delegates when he declared the Conference had no reason to congratulate itself.cn its results. It was, undoubtedly highly disappointing and danger nus, because
the reaction of hopes which had been, fostered might aggravate the situation. He declared that not a single member was prepared to answer in the affirmative the question whether any practical measures had been agreed to.
SITTING ON THE FENCE
no conclusion had been reached regarding shipping subsidies,.
1
M Colin then drew attention every
ain countries
fense hoping
THE GERMAN VIEW
ington since the:; orldz not
dispersing “sines
de
If it was suggested that terrorism
TO RETURN BY NORTHERN ROUTE,
Plano Forced Down.
NEW YORK, July 20
was worse or on the increase that Twenty-three planes of was definitely opposed to the con-Italian air armade have arriv sidered view of the Governmented safely at Shoal Harbour, s here and the Government in India foundland: DE
Lord Lloyd admitted that the The twenty-fourth was compelled local situation in Bengal had im to make forced lending heur proved, but reiterated his chargo Cape Traverse, Prince that the Government wer put land. If alighted on
ing before the public a fure of the terrorist and commun
British Wardles
pic
anisly and wif goin the femainder of the feet when the defoot har bee rectified.Reuter
AIR POLICE
BRITAI
REPLY
Commons anh theo ch
purchase from craft for police The British
Berlin formed the Government yester Majesty's Governm countenance, the le craft to the Gem
for purpos
Air
SUN TUNG KANG
ON LAST LEG OF HIS FLIGHT
TO SU
Adi Obe
CHANG
TANK
NANKING, July 27
hopped off
Jor Kiangng
General
TICIPATES IN NOEUVRES
Paxta, July 20
Hrush Lang
and also and Ren
COUCH LINGTUS
BRONCHIT
QUEEN'S DISPENSARY
*CHEMIS