PRESIDENT ROOSEVELT AND GOLD PRICE
Event Marked With Confusion
NO HURRY TO CARRY OUT
GOLD
PLAN
New York, Oct... 26. Mr. Jesse Jones, are reported A suggestion that President to have admitted they knew Roosevelt may use gold price nothing about the operations raising as a club to induce or the policy involved. foreign countries to make, "Denver inines have forward- vertures for a new Monetary ed gold, estimated at a quar- Conference along lines whichter of a million dollars, and the President approves, is representing an overnight pro." made by the Neit York Times fit of twelve hundred dollars,
HONG KONG DAILY PRESS, FRIDAY,
OCTOBER 27, 1933.
EGYPTIAN YARN "CANTON" MEETS
BRITISH
HOME BYE- ELECTION
Labour Gains A Seat
London, October 25.
The Labour Party yesterday gained the East Fulham sest from the Conservatives by a majority
Morgan.
SPINNERS
BAD WEATHER
Perturbed by New
Japanese Manufacture
Forced To Land In Foochow
Shanghai, Oct. 26. London, Oct. 26.
It is understood that the Manchester Egyptian yarn aeroplane. "Canton"
encoun- on its
of 4,840 votes, in the by-election spinners are perturbed by re-tered heavy storm caused by the death of the sitting ports that Japanese fine yarus northward fight this morning member, Sir Kenyoa Vaughan- are appearing in European and was compelled to land in and Continental Markets at Foochow after taking off from cornered contest was fought be- prices thirty to forty cents be
Hong Kong. tween the Conservatives, Labour low the cost of similar yarns and Liberals, resulting in a major-produced in Lancashire. ity for the Conservatives of 14,521.
At the last election, "ầ
The vot.ng, yesterday follows.-
"
votes
three-
W33 as
Mr. J. C. Wilmot, Labour, 17,799 Mr. W. J. Waldron, Conservative,
12,950 votes.-Reuter,
A Great Surprise
London, October 28.
The plane will be resuming its flight from Foochow to morrow morning, arriving here at about noon-Reuter
가.
to
GOVERNMENT'S INDIAN
POLICY
Approved at Annual Conservative Conference
(Special Al-Mail Servica)
which helieves that President to the Denver Mint.-Reuter East Fulham resulted in the wrest-serious world-market competi- poration took off yesterday at 230 dance of 1,700 delegates had been Sir Malcolm Hailey had really
NO IMMEDIATE HURRY
Roosevelt may seek monetary stabilisation of a more favour. able kind than the scheme he rejected at the World Econo- Washington, Oct. 26.
11 is learned on excellent mic Conference, by a gradual
President that enhancement of gold price authority which foreign markets are Roosevelt has no immédiate intention of carrying out the unable or unwilling to meet..
In the meantime there is no second phase of the Gold Plan indication of further pro- namely, buying and selling to influence cedure from the White House | gold abroad whence all information is foreign currencies. withheld. The nations of the! For the present the price at world
The big turn-over of votes in
ing of the seat of the Conserva-
new proposals were carried out or not, and that the cost of the change in the method of Government ought not to cost more than £1,000,000 a year.
London, Oct. 10.
COST OF PROPOSALS. By a majority of more than two | The Chancellor of the Exchequer to one the annual conference of the received a great welcome on rising Conservative Party at Birmingham to address the conference for the declined this morning to associate first time, and though the Indian itself with the campaign against the question is not one to which he ha Government's handling of the In- devoted special attention he had dian position. By 737 votes to 344 little difficulty in persuading the the conference adopted an amend conference that the time has not yet which the Government are proceed taken on any of the proposals con- ment approving the caution with come when decisions ought to be. The quality and strength of
ing in framing their proposals for tained in the White Paper Heˆ the Japanese yarns are report
a new Constitution, and declining scored an effective point when he ed to be inferior to Lancashire
come to any decision until the corrected statement by Lord Joint Select Committee has pre- Walmer that Sir Malcolm Hailey. product, but they represent an
CHRISTENING CEREMONY sented its report
had expressed the opinion that the. improvement on previous
The cries of the Government are new proposals for the Government
extra: Japanese production, such ad-
Canton, October 18.“ already making a good deal out of of India would entail After being christened as Can-
the number of abstentions when the charge of £1,000,000 a year on the vance being very rapid.
The Japanese will soon be ton," the Sikorsky amphibian air ballot was taken, basing their cal- Indian Budget, Mr. Chamberlain plane of the China National Cor-culations on the fact that an atten- reminded the conference that whate
was that certain changes tives by Labour for the first time tors in Egyptian yarns as they p.m. from the waters at Nan Shih expected. As a matter of fact the stated
actual number of those present was ought to be made which would cost in history of the constituency and are at present in American Tau for Shanghai via ports. created a great surprise. It was
The plane arrived Swatow yes-1,202, of whom 1,081 voted, so that seven millions, but they ought to bo assisted by the official Liberal body
yarns. Reuter,
terday afternoon, and after spend-there were not more than 131 ab-made whether the throwing in their lot with Labour.
ing the right there it "hopped stentions. off early this morning for Shang-
When the subject was discussed at Both of these parties, which are
hai via Amoy, Foochow, Wenchow. the meeting of the Central Council naturally elated at their victory.
About 100 bundles of air mails of the National Union of Conser- cacy of disarmament on which attribute it to Wilmot's firm advo- SILVER MARKET
were taken to Shanghai by the vative and Unionist Associations at- Canton plane.
the Friends' House in June a simi- Waldron's view were regarded as
With twin motors, the Sikorskylar amendment was carried by 838 adefinite. Conservatives are very
votes to 350. plane has accommodation for seven glum and advance no reason to account for their defeat beyond
The debate took place on a mo- The passengers besides the "crew,
tion submitted by Lord Wolmer, Among those who took part in the the usual fickleness of electors at
cabin is well decorated and has comfortable seats. Its cost is which, while recording its confi-debate were Lord Lloyd, Mr. bye-elections where the fate of
$200,000 national currency.-Cen-
dence in the National Government, Amery, Sir Henry Page Croft, Sir -government seat is at stake.
referred to the apprehension fel Thomas White, the Duchess of tral Press.
with regard to certain of the pro-Atholl, Lord Howe, Lord Fitz Alan, posals in the White Paper, Sir Lord Hartington, Lord Ehbank, Samuel Hoare, the Secretary of Mr. Alexander Ramsay, and Mr State, and Mr. R. A. Butler, the Hugh Molson, but there was little Under-Secretary, were both on the say which had not been said very platform, and of many of the dele fully at the meeting of the Central gates would have liked to hear a Council in June. statement from. the Secretary of; State. He adhered to the rule, bowever, that members of the Select Committee should not discuss the subject in public, and Mr. Charn berlain acted as the Government's spokesman, making it perfectly clear that the Government regarded the resolution as a motion of so confidence in their Indian policy,"
It is understood that local in-
the Reconstruction are not announcing which their financial policies, why Finance Corporation will pur-fluences prejudiced Waldron's can- should we, is the White House. chase gold will be announced didature-Reuter.
each morning.
answer,
This historic event has been
marked with much confusion and mystification, and direc: tors of the R. F. C., including
CORN LOANS
Farmers Promised
Relief
New York, October 28... Corn loans to a mAMİM UZZI ΟΙ fty cents per bushel, Involving possibly two hundred million dollars will be made by the Farm Administration to farmers in Iowa, Illinois, Minnesota, South Dakota and
The quotation may not he changed daily if circumstances dictate that no change is ad- visable.-Reuter.
BRITISH CABINET
MEETING
Legislative Proposals
Discussed
London, October 24.
At a long sitting of the Cabinet yesterday, legislative proposals to come before the new session of Parliament were under considera- tion.
Parliament Kansas who signed agree- ments to join in the com hog, reduction and control' programme. This is apparently the Adminis- tration's gesture towards farmers' strike.
the
ཧཱུྃ༔
will
reassemble,
the session opens will be that for the Un- extending the scope o
Insurance scheme employment
understood that the and it is
after the summer recess, on Nov- ember 7, but a prorogation will afterwards -- and; follow shortly
new after a brief interval, the session will open on November 21. Such loans are contingent upon The most important Bill to be corn being properly housed, en-placed before Parliament when abling state supervision and licens- ing of warehouses whose certi ficates are acceptable as commer- cial papers. Similar action regard- ing wheat loans in the meantime are postponed pending a study of the situation. Mr. Peek, a high agricultural official, broadcasting last night, stated that the plight of the Middle West corn belt was very critical owing to the shame- fully low prices and drought which is worsening, the situation. Mr. Peek promised the suffering farm- ers outlets in Soviet Russia- Reuter.
MR. A. WIGGAN RESIGNS
ARMED MAN ON
ROOF
Plot On Viscount Ratendone's Life
London, Oct. 26. THE Metropolitan police are to- day investigating a mysterious occurrence at the house, at No. 9, Victoria Square, of Viscount Raten- done, the Viceroy of India's heir, who is understood to be leaving for India on Monday.
Viscount Ratendone's neigh- bour, Miss Dorota Flattuu, a no- velist, was giving a party last night. She went to her study and heard a noise outside the window.
She investigated and saw a man, whom she describes as as an “In dian," crouching flat on the rof outside Viscount Ratendone's bath- room with an 18-inch curved knife.
She challenged him and he threatened her. She then threw a
flower pot at the man and
the police.
A thorough search was made and
clauses of the draft. Bill were sub- the knife was found, a's a piece
examination at Jected to a close yesterday's morning and afternoon sittings of the Cabinet-British Wireless Bervice.
DISARMAMENT BUREAU
of lead-piping which the intruder threw at Miss Flattau.
Viscount Ratendone was not at home at the time.
The police state that there is no question that an attempt was plan- ned on the life of Visca dope-Reuter.
Not Indian
(From Our Special Correspondent)
رم
London, October 26. Following are the Silver Quota- tions on the London market to day:
Spot
Forward
19
Oct. 28 Oct 25 18.1/16 18.1/16 183/16 18.3/16 The London on New York-cross rate to-day closed At 4.742.
£0.9
LONDON STOCK MARKETS
Close With Bright Tone
〃
MORE ROADS WANTED
In the Anti-Com- munist Fight
(From Our Special Correspondent)
Canton, October 28. Highways joining Kwangtung and Fuklen are being constructed under direction of Lieut.-General
Yam Wan, officer command-
In the main, however, Mr. Cham- fberlain contented himself with a general appeal to wait for the re- port of the Select Committee and not to prejudge the issue.
The afternoon session of the con- ference was given up to agricul tural matters, and Mr. Walter Elliot, the Minister of Agriculture, was able to give an interesting out- line, of the Government's efforts to help the British farmer, and be pro- mise that the Tithe Amendment Bill should receive his most careful azd anxious, consideration. //
ing the First Independent CANTON-SWATOW of the Department in a
Mel Yuen, and
This is to facilitate transportation Lonton, Oct. 25. of troops for Communist suppres-
· Considerable expansion in business alon in view of the close connec- was reported in the London Stocktion between the two provinces. Marketa, yesterday............
British funds remained in demandwangtung towns, will be connect- Chew Lang despite activity in the more speculative ed to Shang Hang. Wu Ping, etc,
War Loan, 3 per cent, sections closed at 1017.
On improved traffic returns, home railways strengthened,
Germans and French loans finished firm. Internationals were also firm. British Wireless Service.
towns in Fukien. The total dis- tance of these highways is about 150 miles.
It was learned to-day. that General Chlang Kwang Nat, Chair- man of Fukian Provincial Govern- ment, will come to Carton in the week-end to cement more closer the relations between bis province
Hong Kong in conference with Generals Chen Ming Shu; Ll Chai and Mr. Hu Han Min in, con-
confronting the South-west.
BARON FALCONE and Kwangtung. He is now at
TELEPHONE
Shu S. Man, chlef electrical en-
exclusive interview with the writer. to-day, "At, present- practically every town of importance is linked by telephone."
The Wireless System According to Mr. Man, there are
Popular
..
four trunk lines of approximately 505 miles, namely Canton-Shao- kwan 168 -milès, Canton-Walchow (From Our Special Correspondent) 190, Canton-Chingyuan-Faryuen 57 miles, Canton-Hong Kong '90 miles. Canton, October 26.. The Canton-Swatow wireless There is also the Canton-Fatshan telephone administration has been line of about 15-miles, and further doing good. business since the in- extension along the West River is auguration of its service on Octo-under way. ber 20. So efficient is this com-
Mr. Man stated that this service munication that few persons use is more economical than wire tele-" the Chinese telegraph.
phone, because the maintenance of the wires and poles along à stretch- ing district is considerable, and the protection of the outlay difficult in case of disturbances."
wire-phone "Radiophone and services between Shaokwan and Swatow, Walchow and Swatow are ready." Mr. Man added. "Similar arrangements will be effected with the Hong Kong Telephone Co. whereby their subscribers can come municate with Swalow through the Canton-Swatow Radiophone."
To make the radiophone system the popular, all subscribers" to
Marries Miss Marion nection with important problems Canton-Swatow service who pay
Barton
Rome, Oct. 25. Miss, Marion Barton, daughter of Raton-Sir Sidney Barton, was married to Baron Falcone, Secretary at the Italian Foreign Office, to-day. After the ceremony a reception was held in the British Legation at Vactican City, by. Bir Robert and Lady Clive.-Reuter.
London, October 28. After exhaustive inquiries, the police no longer entertain the
man was concerned in the alarm raised in Victoria Square--Reater.
Further Postpone-theory that an Indian or coloured
ment Probable
London, October 24. The Bureau of the Disarmament"
Gives Up Pension Of Conference met yesterday after-
$100,000 A Year
New York, Oct. 26. Mr. Albert Wiggin, & former Presid. ent of the Chase Bank, has voluntarily surrendered his contract with the Chase Bank, under which he received a life pension of US $100,000 annually. He has communicated his decision to the Senate Banking Investigation Committee.
Mr. Wiggin declared, that as the contract was criticised, he desired to terminate it. The directors of the Bank approve of his action-Reuter.
A sensation was caused at the open- ing stages of the investigation when it was revealed that Mr. Wiggin received.
noon at Geneva,
The Chairman Mr. Arthur Henderson, proposed that the meeting of the General Commis-
MANCHUKUO MINES
sion of the Disarmament Confer To Be Exploited By adjourn until December 4, and re-
ence should, at its meeting to-day
commended that the Drafting Committee should prepare a model convention, embodying Sir John Simon's latest proposals, before the work of the Conference is re- sumed.
Mr. Henderson indicated the
Foreign Interests
Paris, October 28, British interests are understood to predominate in a new Company, formed by the Franco-Asiatic possibility that a further adjourn-Bank the Chosen, Corporation, ment to a still later date might and Japanese interests, to exploit prove necessary British Wireless and prospect mines and deposits Service.
bonuses from the Bank exceeding U.S. CANTON-HANKOW
$100,000 annually in addition to his salary of $200,000 a year, despite the Bank's serious losses in recent years.
PORTUGAL'S FINANCES
London, October 25. The Portuguese State Accounts tor 1932-33 show a surplus of £750,090,
RAILWAY
London, October 29.
The first order, covered by the British Boxer Indemnity Fund, for the completion, of the Canton- Hankow railway, has been, receiv- ed here by the Purchasing Com mission.
It consists of 4,000 tons of 60- pound rails, sufficient for 50 miles
of railway, amall bridges work, 20 goods and 20 passenger waggons,
in Manchukuoka
B.S
The capital of the new Company is approximately £50,000/-
The work will be started as soon the Manchukuo, Government authorisation is granted. The mines to be exploited were former ly owned by Chinese,
The Chosen Corporation 13 ex-
pected to shortly open an agency
at Seoul to facilitate the exploita- tion of the mines. Reuter,
DEWHURST STAKES
London, October 26.
The Dewhurst Stakes which was
THREE-YEAR PLAN
And What Effect It Will
Canton, October 26. Kwangtung province is to be modernized by the Three-Year
STRONG PROTEST Plan and political power is used to
LODGED
improve economic conditions in ac- cordance with the "three" prin- ciples of the people," declared Chen Tsai Tong, commander-in-
Against Arrest of Mr. chief of the first group army, in
Noel Panter
Berlin, Oct. 25.
the opening speech delivered be- fore the All-Kwangtung Adminia- trative Conference.
High lights of his address fol- lows:-
The three-year plan is to im- THE British Embassy has pre-prove finance as well as the econo- sented a strong protest to the mic well being of the people. To, German Foreign Office in con- better the living of the people; nexion with the arrest of Mr. Noel concentration should be made ch Panter, the Munich, correspondent farming. Dr. Sun Yat Sen once of the “Daily Telegraph.”.
said that a government interested The arrest is alleged to have in the producing power of the been made in connexion with people should develop the resources recent account of his concerning a of the masses meeting addressed by Herr Hitler at Kelheim.
A government interested in, pro- ducing schemes should make use The British Embassy's complaint also protests against the action, off talents Other reform is to re- the Bavarian Government in re- because of its intimate connection organize the county police system fusing permission to the British with the people. Other improve Consul to visit Mr. Panter-Reuments should be abolition of mis- ter.
MR. SEAN LESTER
cellaneous and oppressive fares, Improvement of prison accommo dation, uplift of morals, auditing of public finance opening of high- ways, taking a census and elimina- tion of corruption Central Press.
→ Geneva, Oct; 26. Mr. Sean Lester, Permanent Irish delegate to the League, has] TO CALCUTTA BY MOTOR been appointed High Commissioner Fin Danzig, James G. McDonald, Director of the American Foreign
CAR IN 35 DAYS.
also constructional machinery run to-day resulted in Mrs. Rustom | Policy Association" has been a Calcutta, Oct. 7-Mr. Nicholas. Tenders will also be invited from (5/4) winning by one-and-a-half pointed High Commissioner of the Boonin arrived here at midnight in British shipbuilders for four lengths from Tiberius (10/1), Orgardeation fathered by the Lea- a two-seater, motor car in which he steamers of 2,000 tons each, for Flamenco (8/1)-was, third, three- gue to deal with the problem of had driven from London in 35 days. the China Merchants fleet-Reu-quarters length behind Tiberius, the numbers of Jewish and other He followed the route via farkey
There were nine starters-Reuter, refugees, from Germany-Reuter-Reiter,
Portugual is one of the few Na tions of the world to produce a Budget surplus. The finances of the Portuguese Colonies are also in a satisfactory state. Reuter. ter."
deposit of $20 will be given a fifty per cent. discount for a three- minute call that is $1.50 instead of 83. The popularity of this tele- phone is due to its clear and sharp tone.
"The Provincial Department of Reconstruction is doing its utmost to connect every part of the pro- vince by telephone," stated Mr.
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