PRESIDENT'S EFFORTS
APPRECIATED
National Recovery Administration Activities
AGRICULTURAL STATES DEMAND ACTION
New York, November 2. Startling transformation of the are demanding immediate further National
Gereard Swope caused tion in Industrial circles.
Meanwhile agricultural states Recovery Administra- action. The Governors of Iowa, N. tion's activities advocated by Mr. | Dakota. Dakota and Wisconsin 8 sensa- have been confering while Swope. representatives of Indiana, Illinois, whose recommendation was, Kansas, Nebraska have decided promptly endorsed by General to demand Johnson and Mr. Harriman, pre- agricultural products through sident of the U.S. Chamber of application of the NRA, code and Commerce, contemplates
a properly safeguard and con- powering big business houses to trol” inflation conferences which administer codes, the Government have decided to" present their de-
· retaining · only. power to veto
to them.
em-
HONG KONG DAILY PRESS, FRIDAY, NOVEMBER 3, 1933.
AMERICA NOT
BUYING
London, November 2. Contrary to expectations, it
PANTER RELEASED
Well Treated By German Authorities
is understood that America is not a purchaser in to-day's
Berlin, November 2. gold market. The price fixed at 133/3 is based on the
British residents in Munich French Franc of 79.50. Doland Berlin are delighted at the lars fell to 4.82 and is equal release of Noel Panter, and it to 3s. 8d. at a premium of 18. is felt that the possibility of a
EDUCATION IN MALTA
Governor Dismisses Ministry
IF U.S. RECOGNISES THE SOVIET!
Regarded by China as Japanese Set-Back
(By Associated Press)
Shanghai-Far-reaching results, Far East.
in the Far East from the im- Chinese government leaders pro- minent recognition Malta, November 2.
"of Soviet | fessed to believe that a. Russo- Japanese or Japanese-American The Governor has dismissed Russia by the United States were
predicted today by the Chinese war is inevitable and interpreted to Moscow all members of the Nationalist press and officials here, at Nan- Roosevelt's overtures
as an effort to prepare for either Ministry formed last June fol-king and Pelping. strain in Anglo-German rela.
lowing their blank, refusal to The news from Washington that eventuality. 0.1/2d..
The negotiations are receiving agree to a constitutional President Roosevelt is to confer The £400,000 offered tions has been avoided.
shortly with Maxim Litvinov, the the chief attention of the foreign Panter's brother testifies amendment whereby, inter Soviet foreign commissar, aroused office and other officials who con- understood to have all been
the outcome destined to taken by the Continent. There that he (Noel Panter) was alia, only English and Maltese the greatest interest among the sider
which sharply affect China's position in is a possibility of America treated remarkably courteous are to be taught in elementary literate Chinese public
in a tempering of Japan's strong! They emphasized however that buying france with sterlingly and leniently by the schools, with teaching of Views the step as certain to result the maelstrom of Oriental politics,
authories who took account of Italian only, starting inpolicy in China.
although the National government purchasing gold from the
secondary schools. Reuter, The vernacular newspapers here
was gravely concerned it had not every mitigating circumstance. Bank of France.-Reuter.
formulated any policy conditioned" see recognition resulting in
the on the outcome. --Reuter.
two nations combining forces to protect their respective fatercats in the Orient, at the same time restraining Japan on the Asiatic mainland. The consensus el-to- day's editorial opinion 011 the subject here is:
minimum prices for MORE TALK OF
EMBARGO
mands personally President On Japanese Goods
Roosevelt.
London, Nov. 2.
But Will Be Expelled From Germany
11
Berlin, November 1.
Mr. Noel Panter, the Munich
FINANCIAL PANIC OVER
correspondent of the "Dally Tele- Less Requests For
graph," who was arrested recent-
ly, will not be charged.:
i
It was officially announced to- day that orders have been issued for Mr. Panter's release.
He will, towever, he expelled from Germany
The decision will ease tension in Anglo German relations.-Reu-
All "Codefield" business and in-
Washington recorded apprecia- dustries are to be permanently tion of the President's earnest. Another effort may shortly be merged into a Self-regulated. Na-efforts to find an effective and
made by Lancashire interests to tional Chamber of Commerce just solution of the Farm Pro- induce the Government to place The interests of labour and con- blem, but gave the opinion that an embargo on Japanese goods, sumers will be protected by Gov- a supplementary action is imme- Mr. H. A. Proctor, M.P. who is erament representatives, but the "diately necessary. They demand arranging a meeting between the attitude in this connection is not
also expediting Federal refinan-Legislative Council of the United yet disclosed, while the scheme cing, farm mortgages and. Day-Textile Factory Workers Associater. has been variously commented upon by American newspapers in special "articles, some declaring is as intended to safe the face of General Johnson, others quoting President Roosevelt's "Brain trust" by describing it as "Business fast cism."
U.S. BANK DISCLOSURES
Further Testimony by Mr. Wiggin
to
Washington, Nov. 2. MR. ALBERT Wiggin, former President of the Chase Bank, gave further testimony the Senate Banking Investigation- Committee.
Again some astonishing revela- tions were made regarding met- hods of tax evasion by wealthy men in the United States.
Tax evasion carried to a fine art and recommended to clients of one of the Chase subsidiaries was demonstrated,
}
ment of the Fourth Liberty Loan tion, which represents all the instead of refunding..-Reuter.
Gereard Swope, president of the General Electric Company, 1s one of the five Industrialists who, re- signed from the N.R.A. industrial advisory committee on November
LABOUR SUCCESSES
In Municipal Elections
London, Nov. 2. There were large Labour suc- cesses in the municipal elections in 346 English and Welsh bor- oughs excluding the County of London. Many results are atill unavailable, but so far Labour gained 176 seats, Conservatives last 106, Liberals 28 and Inde pendents 42.
Labour has regained the control of Sheffield and captured Wall-i send, Barnsley. Swansea, Norwich Mr. Wiggin told the Committee and Barking, and tied with com- that the purpose of his
large bined Conservatives and Liberals short sale in Chase National Bank for Oldham, the pool being under stock in 1929 was to "postpone" afty per cent.-Reuter, tax payments.
$410,000 Saved
He added that he saved tax amounting to $440,000 on a stock profit totalling 84,000,000.
He declared that he had paid income tax amounting to $1,365,- 000 during the past five years.
its
FINAL OF WAR DEBT NEGOTIATIONS
Lifor November 1. negotiations entered upon what
The Anglo-American
war debt
SILVER MARKET
trade unions in the cotton indus- try, and Lancashire members of the House of Commons, to discuss the problems arising from Japan- ese competition in cotton piece- (From Our Special Correspondent) goods, gave an interview to the
Financial News" to-day.
Mr. Proctor declared that it was quite within the ambit of Govern- ment to completely prevent the importation of Japanese goods, by placing an embargo in Britain and the Colonial Empire, and to co-operate with the Dominions so that they will do the same Reuter.
IMPROVEMENT
Shown In British Port Figures
London, November 1.
A further sign of the trade re- vival in Britain is afforded in the shipping movemeats recorded at "United Kingdom ports during
September.
Board of Trade statistics show that the net tonnage of vessels arriving in foreign trade during September with cargo showed a increase of 9.4 per cent. as.com- pared with the corresponding months of last year, while the departure with cargo were of 8.8 per cent greater tonnage,
Arrivals in ballast were 3,0 per cent, and departures 9.0 per cent. greater.
Coasting trade arrivals and de- partures, with cargo, rose by 5.7. and 5.5 per cent. respectively and ballast movements were 91 and 9.7 per cent. heavier respectively.
In the third quarter of 1933,
Lodon, November 2;
Loans
(From Our Special Correspondent.)
**I Russia achieves American recognition it will constitute a tremendous success for Russian diplomacy in the Far East and at the same time mark dimal failure for the Japanese.
most active in seeking to convince Japan is was indicated, has been
the Chinese leaders that the real menace to China is not Japan:but the white peoples and "therefore China should assist Japan, in the coming struggle as the Chinese, and Japanese peoples are racially and culturally identical."
Peiping reaction as reported by- dispatches was less marked. Al- though it was not expected that Japan would welcome recognition "A Russo-Japanese war unques¬ to Russia it is a foregone conclu- tionably is threatening. Japan sion in foreign and Chinese dip- has been seeking to enlist the lomatic circles that such recogni- Canton, November 2. support of the powers by branding tion is imminent. The financial situation in Russia as the common enemy and It was not thought at Peiping. Russia, also seeking allies, appears that the step will in any way-mo- Swatow is how back to normal,
to be winning the greatest possi-dify the Sino-Japanese North as the leading Chinese banksble aid in the form of American China situation as it was believed
recognition.
recognition is based on economic rather than political grounds.
The one adverse comment was by an American observer who was skeptical that recognition would States. He recalled it prove beneficial to the United perial Russia 30 years to recognize took im-
the independence of the United "hurried" recognition of the So- States and saw na reason for viet regime by Washington.
papers
have pooled their resources to
"If this materializes. American guarantee the credit of their and Russian influence will domin-
white
"(private ste the Far East, Japan notwith banknotes) and are further standing." assisted by the loans granted Russo-American conversations At Nanking dispatches said the Following are the Silver Quota- by, the Kwangtung Provincial were regarded by National govern-
Bank.
ment officials as primarily design- possible Japanese menace to the ed for joint defense against interests of those nations in the
tions on the London market to day:-
Spot Forward
Nov. 2 Nov, 1
Up to the end of October, 18.0/16 18.5/16 the Provincial Bank has lent
18 18.7/16
The London on New York cross out $400,000 to shops and rate to-day closed at £-08 banking houses in need of 4.821
funds. Personal and real property ure accepted 38
SALE OF LOTTERY security for the loans, but in
TICKETS Summons Against Duke of Atholl
London November 2. A summons has been granted by the Bow Street Police
against the Duke of Atholl" for
Court
selling tickets in a lottery. The case will be heard on 14th inst. Reuter.
DIPLOMATIC TUSSLE
Serious Charges Against Soviet
Harbin, Nov. 2.
foreign trade shows an increase ANOTHER diplomatic tussle be
The Committee examined with Interest & letter indicating that the Chase, Harris, Forbes Com is generally assumed by the press pany, which was afiliated to the to be the final stage when the Chase Bank, suggested to British Ambassador in Washing- ton, Sir Ronald Lindsay, Sir Fre- derick Leith Ross. Mr. Bewley, Financial Adviser to the British
ces and about three per cent. in Embassy, were received at the
cargo clearances White House by President Roose with the September
1932, British Wireless. velt this afternoon.
clients a method of establishing losses in order to evade the pay-
ment of income tax-deuter.
Before conversations began it was authoritatively stated they were being.confined solely to war; debts.
All sorts of forecasts are being made regarding the nature of the probable agreement, if any is reached at all.
GOLD BUYING STARTS
Washington, Nov. 2. The Reconstruction Finance Cor poration ,announces, that
gold purchases abroad by the United States will begin to-day,
The announcement was
made during a broadcast speech by Mr Jesse Janes, the chairman of the There is a strong belief in some R.F.C., who said the Corporation quarters that a lump sum pay- had authorised the Federal Re- ment is likely to be decided upon. serve Bank of New York to dis "Nothing given out officially, pose of R.F.C. Notes and to take | however, supports any of the sug- in payment foreign gold imported { gestions, thereafter,
case a firm cannot give pro. perty as security it may secure the guarantee of five shops of good standing, which will act as guarantors.
All these loans, whether secured by mortgage or guaranteed by credit of five shops, are of certain and short duration. Applicationis for
since the financial panic is loans are getting fewer now, considered to have spent its force:
DESTINY OF BURMA
To Be Discussed In London
London, November 1. The invitation of the Secretary of State for India to join a dele- gation from Burma for consulta tien on the question of the fu- ture condition of Burma has been accepted by twelve representative
persons.
ADVANCE IN DIESEL ENGINE Farthing A Mile -Motorcoach
London, November 1. The great advance of the Diesel or "compression-ignition type of engine as applied to motor buses and coaches and to goods trans- port vehicles, is one of the most striking features of the commer cial motor transport exhibition They include seven Burmaris, which opens at Olympia to-mor- one European, one Anglo-Indian, | row. two Indians and one woman,
One luxurious thirty--seater They are expected to assemble coach is shown which runs at a in London early in December..
fuel cost of a farthing per mile. The Joint Select Commmittee Self-changing gear boxes are on Indian constitutional reforms Atted to many of the passenger will cease to exist when the pre- coaches exhibited. some of them sant session of Parliament which having eight different forvold created it comes to an end.
speed ratios. “
THE LANGUAGES OF CANADA
Seven-Tenths of People Speak English legates will then be
of 4.5 per cent, in cargo entran-viet Consul-General, and Mr. Shih the 10,376,790 Canadians according tween M. Slavutsky, the so- Toronto, Canada.Tabulation of
Lip-pen, the representative
The Committee will probably be The biggest exhibit is a 60- reconstructed when the new ses- sester rail coach fitted with the sion opens on 21st November. It latest type of London bus engine, is anticipated that the new de- similar to that with which # associated speed' of 108 miles an hour was with the committee in the same recently attained at Brooklanda. ---- way as have Indians during re-
British Wireless." cent months.
leading interests in Burma and ents of separation from
The new delegates represent the
into the languages they speak has quarter of office, is threatening to develop.
arte Harbin of the Manchukue Foreign been completed by the Dominion comprise advocates and oppon- British Wireless
Bureau of Statistics, and the re- This time it arises from allega-sults are interesting. tions regarding the use of a Bo- Of the total population, 6,909,913 "viet Consular motor-boat for the speak English only, 1,770,338 are
ARMISTICE DAY smuggling of gold bars out of French-speaking exclusively,
"POPPIES
Manchukua.
40,000,000 Made By Blagoveschensk
Disabled Soldiers
до
fewer than 1,202,370 speak both Manchukuo reports state that a English and French, and 276,188 đo Soviet business concern in Tahei- not speak either of these languages. ho recently sent ten gold, bars by This inconsiderable minority con a Soviet Consular motor-boat to sists in the main of immigrants from ... | Central Europe and the Orient who Confirmation of this report is came to the Dominion in their ma- now being awaited, after which turity and have retained their own Mr. Shih Llu-pen win lodge, a firm speech in settlements of their own protest with M, `Slauvtsky,
people.
Saveral 'Boats
London, November 1. In connection with the usual
The French language dominates Mr. Cordell Hull, the Becretary Armistice Day appeal. for the
It is further stated that the the province of Quebee, where it is He added that the Federal Re- of State, and Mr. Acheson, the British Legion of Ex-servicemen, private wharf and several motor-sons, while English slone is spoken Soviet Consul at Tahetho has a used exclusively by 1,015,158 per- serve Bank would be the Govern- Under-Secretary of the Treasury forty million imitation Flanders ment's sole agent and that the Department, who has been chiefly poppies have been made by a boats at his disposal. "These by but 305,995. On the other hand, price to be paid would be an- concerned in the negotiations,
abled soldiers for sale on Novemboats are used for carrying off- 849,300 speak both languages. On nounced in the morning-Reu were also present at to-day's ber 11 on street throughout Brito Blagoveschensk and this met larger, has only 34,534 who speak cials with diplomatic despatches torio, with a population somewhat tain," in many parts of the Em hod is alleged to be also used for nothing but French and only 210,832. A communique issued at the pire and among British commun- the smuggling of gold hars who speak both. In fact, in all close said that the conference ities: abroad-British Wireless. was a continuation of the debt
provinces except Quebed the use of settlement discussions. which
English. is, almost universal.
ter.
༔
KING'S MEDALS FÓR POETS-
London, Nov. 3 His Majesty, the King has noti-.
fled his intention of offerings gold and silver medal annually for poetry in English published
volume form.
meeting
would be further continued:
It added: "There is nothing at all final"
The subject of gold purchasen
SAILORS MISSING
in England was not, the official Fall From Sampan statement says, considered at this conference "Reuter and British Wireless.
Dollar-Starling War Dalikely
Washington, November 2. President Roosevelt's advisers have indicated that the negotia- tions with Great Britain are pro- ceeding satisfactorily. It is pre- dicted that America's gold opera- tions abroad will not result in a dollars sterling duel.
Into River
Reuter.novem
BRITAIN'S GREAT provement in the past decade in
OPPORTUNITY
The same report records anim-
literacy festa. In the course of a decade the proportion of the popu- | |lation over ten years of age mable to read and write decreased from 5.73 per cent to 4.89, for males, and
The work must be published within the Empire by Britons, and a committee of judges will be ap- pointed to make the awards, with the Poet Laureate, Mr. John Masefield, as the chairman.
A small sub-committee will be appointed abroad to recommend books from India, the Dominions and the Colonies.
The first awards will be made in December 1934 for works pub- The unofficial opinion is that Starundhangh the Norwegian nothing like in much a relatively
shed in 1933: be awarded for the foreign attitude to the gold second engineer of the steamer, strong position to yo, years life, who via appointed aviation
For Industrial Pro-from 43 per cent to am for te males. In other words, 96.7 per gress and Expansion cent of the male population over Shanghai, Nov. 3.
ten can read and write, and 08.3 The River Police are searching
London, Nov. 2, per cent of females are similarly for the bodies of Francois Leven
Britain never had a better op-qualified; and Leon Vincent, sailors from pornmity for industrial progress the cruiser, Primauget, who are and expansion since 1900, accord- reported to have fallen in the ing to Lord Melchett, in addres- river from a sampan late on Bun-sing the Cast Iron Research: A4- day right. A search is also being sociation. He argued that Bri made : for the body of Peder tain's chief competitors were
Rome, November 2 five ago, The famous airman, Bernardi,
BERNARDI DETAINED
poeta first or second volume of|tionally tolerate test purchases as from the ship since October 23. Britain had the best of the chan- viser to the Chiness Governme verse, or posis still under thirty long fluctuations are kept within He is believed to be drowned,ge in outstripping her compell is detained here on account five --Reuter...
reasonable bounds-Reuter,
Reuter,
Cars-Reuter.
some private aHairg: Reuter
India-
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