THE "TIMES" ON THE GOLD QUESTION
ů,
Bank Of France Has Large Stocks
SECRET PURCHASES BY
AMERICA
London, November 3.
The city editor of the "Times" "declares that neither London nor Paris believes that the United States could buy gold on a large scale in the world market since few would be disposed to exchange the appreciating gold franc for the depreciating paper dollar.
The Bank of France could easily release sumcient gold to cancel any franc credits offered by foreign holders, and the American press suggestion that the United States co-operation. with the Bank of England and the Bank of France is not re- garded seriously. Reuter.
New York, November 3.
The United States is already purchasing gold from abroad. according to Washington correspondents who state that the Federal Reserve Bank has secretly bought small amounts from London and Paris yesterday.-Reuter.
A HEAVY BUYER
Washington, Nov. 1. It is announced that foreign gold will be purchased both bere and abroad.
The amounts bought and the prices paid will be held secret although the aggregate dealings will be announced periodically.
The foreign purchases will probably be made by the foreign branches of Federal Reserve Member Banks, pay- ment being made by the Federal Re- Bank of New York in Recon- struction Finance Corporation Notes.
The New York Federal Reserve Bank is entrusted with all the details of the foreign parchases.
servo
It was also announced to-day that the R.F.C. up to last night had pur- chased 66,000 ounces of new Union States gold costing £3,100.000-Reutet.
COM
STILL NO SIGNS
London, November 3. There is still no sign of Ameri-
the purchases of gold of £200,000 offered which is believed to have been taken by the Con- timént.
The price of gold is 133/2 based on a frane of 79.50 at a premium
of 11d, while the dollar is quoted
at 4.841d-Reuter.
U.S. MONETARY "CONFUSION
Inflation Leader Says He Will Wait
Washington, Oct. 28. Senator Elmer Thomas ΟΙ Oklahoma added to the general confusion that has attended the early days of the Administration's new monetary programme to-day when he indicated that he might drop his inflation programme until the wisdom of the President's latest gold order can be deter- mined.
Senator Thomas heads the group that formerly desired drastic inflation. He had thres- tened to lead a revolt of the in- flationists in the Senate. Short- ly after his last outburst regard. ing the issuance of treasury certi
RELIEF FOR FARMERS
Roosevelt
Considers
Plan
Washington, Nov. 3. ~ It was yesterday announced by the White House that a tentative plan to relieve the farm emer- gency has been worked out
A conference took place yester- day at the White House between President Roosevelt, Mr. Henry C. Wallace, United States Secretary of Agriculture, Mr. Henry Mor- genthau, the financier, Mr. George Peek, the manufacturer, and the governors of the States of Iowa, Minnesota. South "Dakota, North Dakota, and Wisconsin.
The Governors urged the fixing
of the prices of the Major Farm Commodities, that the farmers be
be sold at fixed prices," and that
HONG KONG DAILY PRESS,
HUGE MAJORITY NO FINANCIAL THE C.N.C. STRIKE
FOR LABOUR
Final Figures in Municipal Elections
London, Nov. 3.
SATURDAY NOVEMBER 4, 1933.
LANGUAGE
QUESTION
IN MALTA
Cabinet Declines
Co-operate
To
CRASH
Siamese Rumours Denied
London, November 3. The final figures in the Muni- Commenting on the fall Siamese cipal Elections show a big land-securities, averaging about Ave side towards the Labour Party by points since before the rebellion, their capturing two hundred and the "rimes" is able to emphatically sixty-one seats from their on- contradict rumours of an impend
ponents
After deducting nineteen losses Labour nett' gains total two hun- dred and forty-two.
Early Settlement Likely
(From Our Special Correspondent)
Canton, Nov. 3.
An early demise of the boycott and picketing against" the China Navigation Com pany, Ltd. is possible, because
shipping concern are coming
GOVERNOR DISMISSES MINISTRY
London, Öcs. 2. to Maitesé Cabinet's
His Majesty's Government is the manner in which the finances of
ing financial crash and says that It seems the considerable reserves in London is in no way diminished. the strikere and the British OWING
'disinclination to co-operate the Island have been administer- Contrary to last year, the increas Conservatives and Independents ed debt service has always been closer to a settlement of the with the policy of His Majesty's ed. It is clear that these finan-
met from the revenue currency re- serve of which two-thirds of the sterling is seventy-eight and a bali per cent. of the note issue.
lose two hundred and eight seats and the Liberals thirty-four.
Of the eight hundred and eighty labour candidates in the princi- pal boroughs, four hundred and forty-four were successful.”
The following twenty-five boroughs councils are of a de- finite labour majority:Baros- ley, Barking, Blyth, Bootle, East- ham Ilkeston, Leeds, Mansfield, Merthyr, Neath, Nelson, Norwich, Port Talbot, Rotherham, Sainthe- lens. "Swansea, Shefeld, Thorns- by-Ontees, Wallsend, Walthama- tow, Wednesbury. Workington; Willesden, West Ham and Wigan
-Reuter,
LOST TREASURE
Recovered From The “Egypt"
"London, November 3. The Italian salvage -vessel, Artiglio, docked at Plymouth with two bars of gold and twenty-one of silver as a clean-up of operations..
the for the present season on Wreck of the P. and O. liner Egypt, which sarik on the Ushant in 1921.
The Artiglio, has already recover- of nine-hundred thousand pounds worth of bullion out of one million pounds which was aboard when. the Egypt foundered. Hopes are entertained to recover the balance. next season-Renter.
LT. CDR. G. F.
DIXON
assigned to quote the products to Severely Reprimand- price-fixing be accompanied by ed by Court Martial
quick currency innation.
A further conference was ar- ranged for 9 a.m. to-day, when it
is hoped to complete the plan to
London, Nev. 3. Lieutenant-Commander G.H. Dixon,
be presented to President Roose- navigation officer on the aircraft carrier H. M. S. "Courageous," "was velt for approval
The Public Works Administra-severely reprimanded and dismissed tio-n have allotted U.S.9135,000,000 for Paegligently or by default hazard his ship at a Court Martial yesterday
for the purchase. 1,000,000 tons of new steel rails and for railroad construction--Reuter.
London, November 2. Ten people are known to be dead, and it is assumed that many have been injured and hundreds rendered homeless, as the result of a violent hurricane which struck the west of Jamaica dur- ing October 28 and 29.
Reports of the damage are; as yet, meagre but it is stated to bt extensive..
ficates, he called on President Fight Resumed In
Roosevelt, It was reported that the President wom the skirmish and that Senator Thomas suddenly ceased his campaign.
To-day he declared that the President might be right in his decision to control currency by gold purchases but he suspected that the Administration was at- tempting to inflate the currency in every way except the right way. He was willing to give the gold buying programme a chance to prove itself, he said. He said the other infationalists were similarly minded but intimated they were not very hopeful.
that while
לי
Gran Chaco
PARAGUAYANS USE HEAVY ARTILLERY IN MASS OFFENSIVE
Buenos Aires, Oct. 28. Intense fighting was resumed in the Gran Chaco to-day despite con- current peace efforts, reports from capitals of both Bolivia and Fara- Funy agreed.
ing his ship."
H. M. S. "Courageous" was aground for nearly an hour on September 24 off Great Yarmouth. No damage was eone and she was refloated by her own engines being run astern-Reuter.
OBITUARY Lady Hewart
The Budget to March 31, next shows that the balance decline in
in the prices of rice and other revenue, from 1930 due to the fall commodities is more than covered by economies.-Reuter.
SILVER MARKET
(From Our Special Correspondent:
London, November 3.
Following are, the Silver Quota tons on the London market to day:
Forward
Nov. 3 Nov. 2 18+ 18.9/16 Spot
18.9/18 181 The London on New York cross rate to-day closed at
£ US. 4.844.
THE PALESTINE
RIOTS
Official List Of Casualties
Jerusalem, Nor: 3. The casualties in the recent disturb ances at Jaffs, Haifa and elsewhere are now known to be:.....
Killed-One native policeman and 23 civilians.
Wounded and sent to hospital-27
British and native constables, and
197 civilians.
The Arab Excentive are calling
off the general strike, which began on October 3. The tension, though lessened still exista-Reuter.
JOURNALIST RELEASED
Noel Panter Must Leave Germany
London, Nov. 8."
Mr. Noel Fanter, the Munich cor- respondent of the Daily Telegraph," who has been under arrest since October 24 was released yesterday.
No formal charge was preferred against Mr. Panter, and it was An- nounced last night in Berlin that, after examining the material placed before bim by the Bavarin authorities, the A tragedy caused the abandon-Chief Fublic Prosecutor of the Reich ment of the retiring. Lady found no ground for a formal charge Mayoress farewell reception of Mr. Panter has, however, bean re the season at the Mansion House quested to leave Germany within 48 last night
London, Nov, 3.
hours.
so-called Woosung dispute, it Commander-inChief was learned to-day.
An omcial communique, issued from the Colonial Office, yestor- day states:
the Governor. and 'tes, which were taken over in a Government,
of Malta, sound condition in 1932, have al- General Sir David Campbell, ready been gravely prejudiced. K.C.B, A.D.C., has dismissed the "In those circumstances the Ministry of the Island.
Governor was' authorised to warn the Ministers that the policy which they were deliberately pur- suing was contrary to the spirit of the Constitution and as" grave- by detrimental to the interests of Malta, and to make plain to them the consequences which must in- evitably follow unless their "polley were radically altered.
The local trouble occurred on June 15, when the wharf
the China Navigation went on coolies and godown keepers of
"His Excellency, the Governor strike in support of the dis-of Malta, has found it necessary inissed stewards of the C.N.C. to dismiss his Ministers, and the State for Colonies, Secretary of river steamer Woosung. Jup being satisfied that a grave emer- ported by the Kwangtung Sea-gency has risen within the mean- men's Union, the strikers have ing of Section 41 of the Malta Governor has assumed powers boycotted the steamers of the Constitution, (Letters Patent), the China Navigation with the re- which in that event are vested in
him by the Constitution.” sult that they can not load or
For some time" past, His Majes- unload their cargo here and
ty's Government have viewed, have eventually left out Can-with increasing concern, the po- lley pursued by the Ministers in ton as a port of call.
Malta.
He subsequently presented
measures, adopted by them since them with a detailed list of the their accession to office, which he regarded as objectionable, and, which both in the interests of and 26 administration sound proof of their compliance with the policy of Majesty's Government, ... he called upon them to revoke." "It will be recollected that the Examples are cited as an illus- restoration of a responsible Gov-tration of the nature and the ex ernment in the summer of 1932 tent of the acts to which
Officials of the Kwangtung Provincial Kuomintang are
His beginning to realise that the
was made subject to certain de- Majesty's Government took ex- Woosung Affair at Shanghai
finite provisions with regard to the ception, and the statement pro- has nothing to do with the tanguage question and particular-ceeds:
There have, moreover, been in employees of the China: Navily to the teaching of languages
in schools. These provisions had the ordinary day to day adminis gation at Canton, and having the full approval of both Houses tration, a number of instances in- some supervision over the of Parliament.
dicating that the ministers had Seamen's Union the Provin-
essence of these selected few opportunities, how- ever small, of displaying their de- cial Kuomintang has suggested provisions that the language to
be used, in public elementary finite, inclination, to work in har- to the strikers and the Sea-schools should be Maltese and mony with the policy of His Ma- men's Union that their rowEnglish only, with adequate pro Jesty's Government. The cumu- with the shipping companying of should be speedily settled in the interest of Sino-British friendship.
"It was the
vision being made for the teach-lative effect of these and similar
Italian to secondary acts is unmistakable. schoola.
The Ministers have been given "It has become increasingly ap- an opportunity to amend their They parent that, since their accession policy upon these matters. to office, the Maltese Ministers have declined to do so and have the have
embarked upon measures, accordingly been dismissed, and
Negotiations between Company and its former staff are understood to be going on, and an early liquidation of the impasse will be brought about
hefore long.
DISCOVERY OF GOLDTM
Mines in Fong Yi County
Canton, Nov. 3.
the object of which is, in effect, deliberately to evade this policy. A further source of anxiety to
WORK WITHOUT
PAY? Plight of C.E.R. Employees
Harbin, Nov. 3 It is difficult to see how the present friction between the Manchukuo and Soviet officials of the Chinese Eastern Railway can continue much longer without causing a much more serious fare-up.
The latest cause of dispute is con- Several gold mines in Feng Yi nected with salaries and it look pos County, Kwangsi have been dissible that all C.ER. employees will covered. It was first known to soon be working without wages. the natives, who spread the news The dispute has arisen from the re-
authorities. It until it reached the government fusal of the Manchukno Chief Compt
is learned that roller of the Railway to sanction the the provincial department of re- payment of the salaries of M. Kalina, construction in Kwangai is draw-" M. Lavroff, M. Kublei and M. Abloff, the CER. employees who were ar ing up a plan for opening
rested on September 24.
these rich mines.
13.
The people in that locality are
the
instructed not to explore mines The whole circumstance of Mr. A thousand guests were present
without permission... as at the brilliant scene and dancing Panter's detention and release are haphazard exploitation will be had begun, when Lady Hewart, under the consideration of the Bri- disastrous to future explorations. wife of the Lord Chief Justice, tish Government.--British Wireless Industrialists are asked to raise a collapsed and was carried into an Service.
big capital for the opening of anthroom, where she died, it is be.
these gold mines.-Central Press.
lleved, from heart failure.-Reu- ter.
The late Lady Howart was the eldest daughter of Mr. J. Hacking Riley, of Burya and married the then Mr. Gordon Hewart in 1892
LEADING LONDON SURGEON PASSES
London, November 3., Others in the Thomas group said
La Paz dispatches quoted official The death occurred here, last the President's plan may work out satisfactorily they reports saying that the Paraguayans night of Sir George Making, the masa offensive, using eminent war-time surgeon.-Reu- were inclined to believe that great launched a er benefits could have been ob-heavy artillery to support thousands ter.
of infantry, tained by an inflation programme.
On the other side of the border dispute Asuncion dispatches claimed that Paraguayan troops advanced 10 kilometers against the stubbornest sort of defense by the Bolivians.
Senator W. G. McAdoo "said he Fighting continued throughout was certain that inflationary mea- the day. sures would be necessary if the gold policy failed to bring a sub- stantial increase in commodity prices. He also is willing to give the President & chance to test the gold programme however.
Senator McAdoo was Secretary of Treasury during the Wilson ad ministration--United Press,*
Held Up By Three Men
RUGBY FOOTBALL
Club v. S. W. Borderers..
The following will represent the Hong Kong Football Club First
1
ELECTIONS IN ITALY
New System To Come Into Force
Roine, Nov. 3. The dissolution of the Italian Cham- ber of Deputies, and elections, under a new system, is expected shortly.
The Chamber will be based on an. "occupational basis. Only members of trade union: and employers organisa tions have the right to vote.
They will be represented by delegates chosen by the Fascist Grand Council and the votere merely accept or reject the liat.--Reuter,
OBJECT OF MUCH INTEREST
Meteorite Falls
in Anhui
Nanking. November 8.
JAPANESE NOT WITHDRAWING
Great Wall Story Denied
Peking, Nov. 3. The Japanese Military Attache, interviewed this morning, denied, reports that Japanese troops are with drawing from the Great Wall
He stated that it had been decided to completely withdraw the Japanese troops from the demilitarised zone..
The troops will withdraw to Kupai- kow and other passes along the Wall but the Wall will not be given up and the passes will remain in the hands the Japanese
states that when the present withdrawal is come plete, not a single Japanese soldier. will remain in the demilitarized zone.
Router
The Millitary Attache
NON-AGGRESSION PACT
The Paraguayans were reported Rugby XV against, the South Wales to have need 50,000 troops in their Borderers on the Club Ground to- day at 4:15 p.m.-J. P. Whitham, drive, against 90,000 Bolivians,
Paraguayan dispatches said 450 J. J. Ferguson, W. H. B. Higg, L Bolivians were killed. .:
G. Robertson, G. P. Lammert, J. The dispute has been a recurrent Hutchison, J. A. R. Selby, F. R. source of trouble for a century, Burch, D. McLellan, B. H. Garrod, VILLAGE TAILOR ROBBED ever since the two countries woz G. O. Moutrie, A. F. Walkden, D.
their freedom from Spain,
C. Climming, G., A. Stewart, R. O, Bolivia's desire to obtain a river F. King. Referee:Lt. D. Lampen port in the Gran Chaco is the pres. R. N sure behind the present struggle. The above game will be proceeded
by a game between the Club AA meteorite which caused so the League of Nations and the Club Fifteen will be as follows: S. fortnight aso, has Dually been 10 The "Chins Press publishes a spe-
Friendly neighbouring countries, igby XV and The Navy. The much sensation and speculation a United States have all sought un- Strange, O. 8. Archer, D. Hynes, cated Information has beencial message from Nanking stating availingly to end the dispute. H. H. Griffiths, W. Harris Walker, ceived that the meteorite fell in the following protracted negotiations AT. Jenkins, H. C. Monks, W, B a feld near Guining Halen, in both at Moscow and Nanking, a Sing- Andro Cox, Chori D. North Annul, coa cow M Wheeler, K. Noble, R. G. Car The Academia Sinica has sent drafted,
a scientist to Suining to investi- tleton, L. de O. Bicchynden, A. H Harbord. Referee: Hey, P. gate the meteorite, which is re- Evans, R. N., Kick off for the "A" ported to be of a brownish colour
and smooth surface Renter, fixture will be at 3.00 p.m.
A report has been made to the Police by a taller of Shatin village to the effect that while he was on his way from Pak Tau Chung in the New Territories, to Lau Wai Wan to get the ferry to Baikung, he was stopped by two men who, producing
chopper held him up and searching in the direction of the hills at ed him. They took away from him Pak Tan Chung. The tailor lost money and a parcel of clothing to no time in getting to the nearest the total value of $48. GA
Police Station to apprise the au The men were last seen disappear thorities of his misfortune.
SHANGHAI, Nov. 3.
According to a report from a certain official Foreign quarters in Shanghai, the pact is now under consideration by the National Government. — Reuter,
the Governor has again assumed tht administration of the Island.
British Wireless Service,
"Agitator" Case Meanwhile, M. Slavatsky, the Soviet Consul-General has protested to the Foreign Ministry and demand. ed the release of the agitators a reated on October 25. The men in custody, fire in number, were arrested by C.E.R. police and are alleged to be members of a Communist cell.
Their release has been refused. The Foreign Office representative mys that they are to be charged with treason.-Reuter.
More Trouble
HARBIN, NOV, 3. The Manchukuo chief comptroller of the Chinese Eastern Railway has re- fused to sanction the payment of sal aries to Messra. Kalina, Lavroff, Kublei and Abloff, the Soviet Railway emplë.”- yees arrested on September 24.
M. Rudy, general manager, has ret- alisted by instructing the cashier to stop all Payments.
M. Slavutaky, Boviet Consul-General" in Harbin, bas protested to the Man.. chakuo Foreign Ministry and has de- manded the release of the five Russians arrested on October 25 on a charge of: being Communist agitators. This de mand has been refused, as the arrested by instructing the cashier to stop all men are charged with high treason.- payments.
Upon this refusal, M. Rudy, the Bovist General Manager, retaliated
Renter.
To err is human
but it is unpardonable to err in using sub- stitutes of imitations, as then your health will be at stake: Do not be led astray by a cheap price or a flaring advertisement
which unscrupulously promises to cure-all sorts of diseases. Place your confidence in
Bayer's Aspirin
which has proved invaluable for than 30 years.
more
Bayes's Aspirin does not harm heart or kidneys, is entirely innocuous and will also quickly help you to overcome
colds, fever, influenza, rheumatism, headache, etc
Each original packing and tablet bears the "BAYER CROSS: the well-known trademark.
Beware of imitations!