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HONG KONG DAILY PRESS, WEDNESDAY, AUGUST 16,

THE NEW RULER OF MANCHUKUO

A TOKYO PEN-PORTRAIT

ROBUST AND GAY PERSONALITY

Tokyo, (By, Mail)-The Mikado's, of an alien land and people. new-ambassador to Manchukuo- Alongside the shadowy sovereignty and that menus the proconsul, the of Henry Fuvi, real substance of protector, the actual head man of power is that of the Mikado's the nominally independent new general, actual ruler over the 35,- nation in Manchuria--has taken to 000,000 inhabitants of Manchuria. his post in Changchun a robust, and hearty, easily laughing nature in striking contrast to the silent authority of his predecessor.

Field Marshal Baron Nobuyoshi Muto died at Changchun, capital of the new state, fate in July and even before his passing WAS officially announced the moguls of the army in Tokyo, without trouble ing to convoke the cabinet for the decision, selected General Takachi Hishikari to succeed him in the em. ire's most important office outside the confines of Japan Proper.

Muto Was Silent.

Triple Office.

1933.

MANAGED CUR- RENCIES

| SIR J. STAMP ON PROBLEM

OF EXCHANGES

U

11

(Special Air-Mall Servico)

London, July 23.—Three session; of the fourth International Congress on Accounting were held yesterday at Grosvenor House, Park Lane.

Speaking on the problems of international finance, Sir Josiah Stamp said the most urgent was the method of restoring some provisional fired parities between the different currencies of the world.

People dealing with the theoretic His is a three-in-one office: Com-aspects of international finance had mander-in-chief of the Japanese been expressing increasing doubts army in Manchuria, a highly train- whether a gold standard ed, veteran force of over 50,000 depended for its success either on & men, one of the most formidable instruments, of imperial expansion very large measure of laisses faire or in the world governor-general of upon elaborate and well understood the Kwantung fehsed territory, the management was likely to succeed in small area containing Dairen and Port Arthur which served as the base for Japaacse conquest of Man- churia; the Japanese emperor's Own Full-Power Ambassador to Manchukuo and by that token the channel for Tokyo's advice" to the new nation.

Marshal Muto, Japan's first am- bassador to the new "nation" in General Hhhikari is the senior Manchuria, the man who signed and general of the Japanese army and put into effect the Changchun pro- for the last three years has been a tocol by which the Japanese army member of the Supreme War Coun- assumed responsibility for the incil, from which comparative oh ternal and external protection of security and semi-retirement has Manchukuo, WŁA small, slight, the ruling clique of the army re- speaking little and that little softly, called him for the brilliant Chang- living with a Spartan simplicity.chun assignment. Beneath this deceptive exterior was hidden a will of steel and the soul of a burning patriot,

General Hishikari is the tallest man in the list of full generals of the Japanese are. He is loose jointed, smiles and laughs frequent- ly, like a hearty joke. And he en-" joys the revealing nickname of General Dancing With Joy Like a Sparrow."

This name was given him by his associates' when in 1928 he received his first important colonial com- uiand, that of the Japanese garri son in Formosa. So delighted was the big soldier that in replying to a friend's message of congratula tient he wrote, borrowing a familiar phrase from the Chinese classics: ] shall go to Formosa dancing with joy like a sparrow."

Wields Great Power.

When he was appointed to his new post an interviewer asked him if he would live up to his nickname in Changehua. "Manchuria is far bigger than Formosa," he replied. “A sparrow general would not do there. A phoenix or a flying dragon will be more appropriate in Man- charia."

Therein lies warning for the foes of the Changchun regime and

Japan's domination thereaver who may "be tempted to take the new proconsul's easy-going exterior at face value.

The post in Manchuria, which Muto held only eleven months, is unique in its all-embracing powers and its control over the destinies

امین

JAPAN OIL MARKET,

THREATENED

SOVIET PRODUCTS MAY CREATE CHAOTIC SITUATION

TOKYO, Aug. 9. With the arrival of 11.000 tons of Soviet oil from the Baku oil fields a few days ago, Japan's oil market is threatened with chaos, it was reported to-day. The sales agreement in Japan between the Rising Sun Petroleum Co, the Standard Oil Co. of New York, the Vaccum Oil Co., the Nippon Petroleum Co., the Ogura Petroleum Co. and the Mitsubishi Co., expired last June and was extended till the end of July. Although negotiations were begun among them for a new agipement, no definite plan has resulted."

|

He had been so little in touch with the ruling powers that news of his appointment reached him first when he was listening to a radio news broadcast in his Tokyo home.

Long Career.

which

a world where the former was in- discounted creasingly

and the technique of international manage ment stoud. little chance of being elaborated owing to the renewed consolidation of the world in self- centred economic units.

Many of the theorists reached the conclusion that a domestic currency complet-ly managed for internal use and suitable price levels should be run as a scheme independent of an international unit based, not on politician's views, but upon a physical constant or so-called constant, but that this duality did not after the fact that a varying range of exchange would always be required by each domestic currency into that unit, and, therefore, for the purposes of calculations for foreign trade the situation would really be the same as the present one, at one removal

Stability of sterling was not mere. ly a question of the great proportion

The of British foreigu trade. second year but the only evidence of our invisible exports, and however General Hishikari is in his sixty- ́article, stability itself, had been one

of approaching age in his appear; | satisfactorily. --~ ance is the white thickly springled through his close clipped hair, untidy beard. sparse mustache and short, stubby, He was born it November, 1871, in Kagoshima pre- fecture, home of the Satsuma clan, Japan's most famous fighting race.

His father was a samarai; he was the third son. His military career began before his twentie, and he was graduated from the army cadet school in 1894.

rency for woL

bad not this. much of the bɩ'' opon it.

night devise a cur- foreign trade, if it we should lose which depended

The complications of the interna- tional money situation immediately b. fore, us depended not upon two variables but upon three. The first was the relation of the dollar to com modities. The second was that between the dollar and foreign cur- rencies, especially ate ling. Adement as steady if un-

third was that between gold and commodities. Although its price was spectacular, and it was not until 1928, when he was assigned to com. now very steady, it had been moving mand the defense force in Formosa, of late years seriously. If we knew that he began to stand out among

the relation between the dollar and the senior officers of the arms, commodities and gold and com. From Formosa in 1930 he was shift-modities, we could deduce the rela ed to the command of the garrison of the Kwantung leksed territory, so Manchurin and its problems are not new to him,

It was hia successor in the Kwan

tung command, General Shigeru Honjo, who on September 16, 1931, with the outbreak of fighting at Mukden, began the conquest of Manchuria. The conquest was com pleted under Marshal Muto. The new protector of Manchuria's job is fundamentally one of consolidation.

KANSAS STATE TREASURY

SCANDAL

HONDS REMOVED: FORGED PAPERS SUBSTITUTED.

Topeka, Kan., Aug. 9.--Kansas State troops marched into the office of the State Treasurer, Mr. T. B. Boyd. to-day and took possession of the department valued at G.$600,000 had been removed following the discovery that bonds and eleverly-excented forged docu- ments put in their place.,

The action of the Governor, Mr. Alfred Landon, in taling over the office was said to have been followed immediately by a confession from Mr. Boyd, who in stated to have said that he had permitted a personal friend, Mr. Ronald Finney, to remove the bonds and, deposit the substitutes The latter was immediately arrested and charged with forgery.

In order to avoid the chaotic situa tion after the arrival of the Soviet oil, which was brought to Japan through La contract made by Mr. Kojiro Mateu

kata, former president of the Kawasaki It was asserted at the Governor's Dockyard Co., and is to be marketed office that charges would be placed at end of August, the Ministry of Corn-against the State Treasurer and that merce and Industry to-day suggested a he would also be impesched. new agreement between the six com-

The

tion between gold and the dollar and know how much devaluation of the dollar in a return to the gold standard was desire. If we knew the relation between sterling and com- modities and gold and commodities, we, knew how much to devalue sterl ing in a return to the gold standard The results would give authomatically the par rate of sterling dollar exchange.

Professor T. E. Gregory (Cassel Professor of Banking, London Uni- verity) said that the fundamental need to-day was the certain of machinery by which past debts could be liquidated without intolerable delays and without an intolerable

ense of unfairness 'remaining.

JAPAN MAY CLAIM

ISLANDS

NAVY MINISTRY REFUSAL TO COMMENT

Toxyo, Aug. 10. comment regarding the report that the The Navy Office to-day refused to

Foreign Office may advocate Japan's occupation of about twenty small islands in South China Sea other than those occupied by France.

by the Foreign Office Messrs. S. coda "According to information collected and S. Komatsu, Japanese traders, found five islands in the South China Sea between May and September 1918, Mr. Eikichi Saito and three other busi- nessmen found twelve deserted islands at a point ten degrees north latitude. and 114 degrees east longitudo in May, 1820, while the Lasa Phosphorous Mine, a Japanese concern, had its mines, on three other islands. Those found by Messrs. Ikeda and Komaten are nained

and Ude Islands.

panies, based on the previous agree created the greatest political sensation Lincoln, North Danger, Flat, Nababan

ment,

It is mid that the commerce and Industry Office is ready to control the oil market by reducing the quantity of imported oil in case foreign concerns should oppose the suggestion, United

·Press.

The charges against the two men

since 1993 when the then "Governor, Mr. J. C. Walton, was impeached because of his dealings with state money.United Press

„A“little boy surprised his parents by refusing to be scared into being

The American mina is more good suitable than any other, as an ob

זי

ject of propagands, political or will write down in their books if It's no use telling me the angle otherwise The conviction that I'm naughty, mamma," he said," nothing is ever finished, that every» thing is changing, developing, in- might as well tell you they think creasing, is one with which every up in heaven that I'm dead:” American is deeply imbued. It

But why should they think "opens his "cars and eyes to what-] that !!!

ever is aiming at his consent or his cooperation." Dr. Stern · Du- barth.

44 Because I ven't said my prayers for two week

The Navy Office stated to day that should take individual action con neither the Nary or Foreign Office cerning the islands but the govern ment, in accordance to its policy, should deal with the matter. ·United Press.

A teacher was taking a clase in boy in the back row, he asked geography, and addressing a small "How, Tommy, would it be pos sible for you to walk round the earth

replie

boy the No, sir, promptly.

Why not?" asked the teacher, Cause I've got a blister on my heel," said Tommy.

NEW MOTOR COMPANY

CO-ORDINATION OF MORRIS EXPORT ACTIVITIES

~(Special Air-Mail Servios)`

London July 24-Sir William H. Morris, Bt, has formed a new company with a capital of £250,000 to co-ordinate the export activities of Morris Motors, Ltd. Wolseley Motors (1997), Ltd.; Morris Commercial Cars, Ltd. ; and the M.G. Car Company, Ltd,

The new company, which is to be known as Morris Industries. Exports, the various subsidiary overseas com Ltd., will absorb and take control of

panies that have already been created." It is expected that the centralisation brought about, by this new move will effect considerable economies, thus enabling foreign competition to be met still more successfully.

"The thing for you to do," said the friend, is to stop thinking about yourself-to bury yourself in your work."

"Apd me a concrete mixer !”. Acco Press: *

LAST

FEW

DAYS

OF

NALE

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Changing China

Summer" Quarter

A quarterly non-political review of life and conditions in China.

Changing China is an interesting and useful quarterly. The articles which it contains have been written in the form of letters by men and women of various ranks of life who are living in the interior of China. The reader gets a picture or rather a series of pictures of life in Modern China, and at the same time a resumé of the progress", made in industrial development during the past quarter

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