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HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 1, 1933.
JAPAN NOT OPPOSED TO US.
RECOGNITION OF SOVIET
Mr. Hirota Wants A Franker Diplomacy
(BY UNITED PRESS)
and
APPEAL BEFORE FULL COURT
Case Which Com- menced in 1930
The Full Court consisting of Mr. ed to allay popular fears in Japan of a Japanese-America naval con- Justice Wood and Mr. Justice Lind struction race. Japan, too, would sell heard an appeal yesterday like some indirect assurances Wa- brought on behalf of Hung Hues shington does not intend to inter-Ching, trading as the Hung Kai Sui fere with Tokyo's programme in firm of Amoy and at present resid- ing at the Great Eastern Hotel, Connaught Road Central,
Tokyo, October 24. Japan is not opposed to recogni- tion of Soviet Russia by the United States, according to For eign Minister Kokį Hirota.
Indeed, the foreign minister said to a group of American corres-Northern Asia, pendents recently, it is his person-. al opinion that diplomatic rela- tions between Washington and Moscow are entirely logical desirable.
Hirota's opinion on the matter has especial value, as he long was Japanese Ambassador in the 80- viet capital and relinquished that post only shortly before assuming charge of the Imperial Foreign office. He has an open mind with regard to Russia and is inclined to feel the Soviet experiment at least
The minister said he hopes to de able to develop a franker type of Japanese diplomacy and indicated it was his opinion that Nippon has suffered in the past from the mar ticulateness of her representa- tives abroad as well as her states- men at homs While he did not say so, so af the correspondents in view of utterances by other Japanese domsts thought the minister cy of frankness ILRY
from some
The respondent was the Chiu Pak Loon firm of Des Voeux Road West and Hung Yu Fai, who was added as defendent in June 1932
Mr. Eldon Potter, K.C. and Mr. F. O. Jenkin, K.C. instructed by Mr. F. H. Loseby are for the ap- pellant and Mr. H. G. Sheldon in- structed by Mr. F. Nash is for the respondents.
Case
W4.3
Mr. Potter in opening the be base a desire to show the said that the appeal was from a de- world that Japan is determined to cision of Sir Joseph Komp of Dec- is, in many ways, as capable of } be treated" an equal and to en-ember 1833 The action was start- success as was the old Czarist re-force respect for her position ined in October 1930 and it was a Asia by bitt_declarations when gime..
The foreign minister did not be- ever they may be necessary.
During the interview It was lieve that extreme Japanese na- tionalists would be justified in in- pointed out that Japan and the terpreting American recognition of United States form, the Soviets as aimed to curb Japa-1 points of view, a sort of natural nese activities on the Asiatic, Pacific economic bloc. Japan de mainland. There is nothing, hepends on the United States. intimated, in Japan's ambitions in regard to Asto that needs any sort of carbing. "Japan has no terri- torial ambitions on the Asiatic mainland or elsewhere," Hirota said,
4
The minister said the funda- mentals of his foreign policy are bring about a rapprochement with the United States. He admitted, be did not know exactly how he will bring about a return of Sino- Japanese friendship but was con- fident that friendship can be re- stored. The minister professed to be equally uncertain as to what can be done to strengthen rela- tions with. the United States. It was believed, however, that he has tentatively in mind an exort to reach new political agreements with Washington in advance of the 1935 naval conference and that these agreements would be design-
THE ANGLO-SIAM CORPORATION
Conservative Policy Owing To
CONDITIONS IN THE EAST
n-
London-The thirty-sixth nual ordinary general meeting of the Anglo-Slam Corporation, Ltd., was held at 5. St. Helen's-place, E.C., Mr. J. M. Ryrie, the chairman of the corporation, presiding.
The Chairman said that in his speech last year he had prepared the shareholders for disappointing results and that, in the circular addressed to the Ordinary share- holders last March, it was stated that trading continued to be ad- versely affected by the world-wide depression.
claim by the plaintiff, bis present elicat, for the return of $130,000, principal and interest" which deposited with the defendant.
On November 12th, 1830, a sum- mens for judgment was taken out. At that time 280,000 was paid into for court by the defendant without cotton" while the United States denying liability, The next step buys, practically all of Japan's that on November 28, 1930, the export raw silk. The economic Acting Chiel Justice gave a judg- life of the two nations, hence, is ment. On December 4, 1930, an largely complementary and non- notion by the respondent and others competitive. The Minister thought against the plaintiff seeking for an. this point ought to be emphasized injunction to restrain the taking of and said it was this very fact that the money out of Court was started. caused him to consider the possi- The injunction was granted On bility of new political agreements May 30, 1898, judgement on that with the United States.
action was given for the then de- fendant; the present appellant. The added defendant on November 18th, 1932 took out a summons for leave to defend and on November 19. a formal judgment was drayn up in respect of the judgment of Novem- ber 28, 1830. The question, before the Court was whether the jud. ment of November. 28, 1930, did or, did not constitute a final judgment.
LITVINOV TO TRAVEL INCOGNITO
Moscow. October 23. Maxim Litvinov, the Soviet commissar of foreign affairs, hopes to travel in- cognito to Washington for the negotiations ex- forthcoming pected to result in American diplomatic recognition of the So- viet Union, the foreign office dis- closed to-day.
On 21st November, 1928 the plain- tiff took out a summons for the pay- meat out of court of the balance of the claim and on December 30, 1932, the Chief Justice gave judgment on these various summonses and it was against this judgment that the pre- sent appeal was directed."
After Mr Potter and Mr. Sheldon had addressed the Court, the hear-.. ing was adjourned until this morn- ing?
Balance-Sheet Changes. The Chairman drew attention to the reduced in the total of the balance-sheet as compared with the previous year, and pointed out that on the liabilities side the
'Reserve "for investments depre- |··· ciation and contingencies" had been drawn upon to the extent of £18,500 to cover the estimated loss
on advances to the Bombay Woollen Manufacturing Co., Ltd., while, as it had been considered desirable to write down the cost of stocks of rough timber out of available inner reserves, there was a reduction in "Sundry credit balances."
On the assets side the reduction of £20,323 in investments was due. to the sale or certain securities in order to provide funds for expendi- ture in the forests, but taking the sterling investments as a whole there was a, substantial surplus over cost at March 31 last, that surplus having since increased.
inspector was testing the Biblical knowledge of a small pupil. "Who was the first man he asked.
Adam, sir" came the prompt reply.".
"Who was the first woman?" The youngster thought a while and then hesitatingly suggested, "Madam."
Married man (gloomily)-Mar- ried life is just one darned thing. after another." -
Unmarried man (equally glomily) bachelor's life is just one un- darned thing after another."
Slam-Malay Rubber Interest. Dealing, with the corporation's A man naked a friend if he knew investment in the shares of the how far it is from Dan to Bear- Slam-Malay Rubber Co., the Chair-sheba.
man mentioned that this. amount- The questioned man stared and ed to the equivalent of £47,063, the | remarked-"Do you mean to tell me planted area now consisting of that" " Dan
and Beersheba are 2823 acres, which 2,150 acres were places 1" of budded rubber, and said that
"Certainly," was the reply. in April last the visiting agent
"Well, well," said the astonished reported that the entire planted other, and I thought they were area was in good order.
The .corporation had in no way benefited from the recent rise in some commodity prices and had, In fact, suffered from a serious decline in the price of teak, from which a large, part of the profits was derived in normal times. India had been more or less free from political troubles during the
From the statement made by man and wife, like Sodom and year, but the cotton mill industry the Comptroller-General of the
Gomorrah!??!! of that country had been faced Ministry of Finance on March 31 with intensified competition from last on the Budget for 1933-34, 1t
the imports of Japanese goods, was clear that the financial state and the start in London and the
oving largely to the depreciation of the yen, and in spite of an in- crease in the duty on non-British goods many mills in Bombay had Closed down. The balance of trade in merchandise in favour of India declined to the lowest point since 1922-23, but the large shipments of gold saved the situation for the Government of India.
Owing to a good crop and larger shipments of rice the balance of
ing a decline in value of over £3,500,000 1s compared with the previous year.
of Biam was sound as ever, and East during particularly trying that the currency position was year, Mr. Ryrie dealt with the out- equally secure. Expenditure had look for the current year, and said been cut down, and new taxes, in- that, with so many obstacles: to cluding a tax on income and a tax trade, including particularly the on banking and insurance com- Instability of prices and currencies, pantes, had been in osed, while he was not optimistic. capital expenditure on rallways, irrigation and other public works was to be met out of an internal loan for ticals 10,000,000, which had recently been Boated, and to which the corporation had sub
The India Proposals.
The improvement in home bust- ness had not, unfortunately, extended to the export trade, in which the corporation was so much interested, and, with the exception. of certain commodities, prices generally were still below those ruling a year ago...
trade in favour of Siam had, in- creased, but as there was a fur-scribed. ther decline in the price of rice the trade, of that country had suf- fered with other countries produc- ing primary products. A fall had taken place in both the imports and exports of British Malaya, the gross shipments of rubber show-India; now before a Joint Belect prices, and at the same time in- Committee, he thought it only fair crease purchasing power, the pro- to await the report of this Com-gramme seemed to be based too mittee before condemning the much on psychological foundations With regard to the accounts, the proposals, particularly as those op- to prove a success, and in the trading loss of £3,795 was of posed to them have the opporta meantime hung in the balance.c course, the black spot and, natu-nity of placing their views before
The directors' report and state- rally disappointing to all con- the Committee,
ment of accounts for the year end- cerned, including the directors, It was too late, he said, to reed March 31, 1933, were adopted, but, in view of the very depressed, tract promises already made to and final dividends of 3 per cent. conditions of trade, a better result India, and before a responsibly on the Preference shares and 4) could not be expected, and it was governed Federation of Etates' and per cent. on the Ordinary shares entirely due to the conservative Provinces was set up not only was were declared, making a total dis- policy of the past that it was posa Reserve Bank to be established, tribution of 7 per cent, less tax, sible to show a pront of £6,077 in but it seemed probable that the on the Ordinary shares for the the pront and loss account, and, Provinces would be first granted years by a transfer of 210,000 from the Butonomy. equalisation of dividend fund, to recommend a dividend of 7 per cent on the Ordinary shares for the year.
Much as he admired President Referring to the proposals set Roosevelt's courage in trying, out in the White Paper relating through the National Recovery Ad- the proposed new Constitution for ministration and Codes, to raise-
Mr. 3. M Ryrie was re-elected a The Immediate Outlook, director, and Mesers. Turquand, appointed Youngs and Co. were auditors for the current year.
After
faying a tribute to the managing directors
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