HONG KONG DAILY PRESS FRIDAY DECEMBER 29, 1933.
CHIANG PREPARED TO CHINA'S TRADE DELEGATES TO
RESIGN
But Only On Certain Conditions!
(From Our Special Correspondent)
Canton, Dec. 28.
The members of the South-
west Political Council received
TO SAVE CHINA!
And Her Future
Prospects
London, Dec. 28. The Overseas Department report on Sino trade was the subject of comment in the Financial Times. The paper observes that there are signs that China has turned the corner. The debt.
blem certainly remains the most serious which confronts China, for her commercial progress depends on the rehabilitation of her credit China deserves every attention us one of the most promising fields. for future foreign investment, the paper says, and China's foremost need is security in capital and porting Mr. Hu's manifesto was re-property generally. The lack of de-
ceived here yesterday.
It pointed out that Mr. Eu is urged to 1 ke charge of the poll tical affairs in the Central Govern- ment for the sake of eliminating troubles and saving the country Central Press.
Canton, December 28. A telegram dispatched. by the an unofficial telegram" yester-Anhui Salvation Association sup day from the members of the Central Executive Committee at Shanghai that the Central Covernment has expressed its agreeability to accept the terms and conditions that were out- lined in the proclamation of the Southwest Political Council and the declaration issued by Mr. Ha Han Min.
NO LONGERTM RED
Wo have been informed by an authoritative source that Mr. Yip Ting who was alleged to have been
In an interview the other day,
mand for China's export comma-
WITHDRAW
From The Delhi Conference
SOVIET AND THE LEAGUE
Anti-War And For Peace
New York, December 28. Soviet may support the League
ROOSEVELT'S SILVER POLICY
May Cause Over- Production
THE ILL-FATED EXARCH
Total Loss Feared
Breeches Buoy.
Shanghai, December (28. After spending more than a week aboard the stranded Amer- Shanghai, December 28.
Ottawa, Dec. 28-
ican vessel, Exarch, which ground- An emergency conference @ this
President Roosevelt's silver po- | ed off Cyprus on December 18, the afternoon of the Spinners Associa-
icy and the expectation that the ❘ crew were forced to abandon ship Canadian Parliament,at the tien, Cotton Textile Exporters' As if it is anti-war and for peace, de- sociation and Raw. Cotton. Buyers' Eclared M. Stalin in an interview coming session, will ratify the and are making for the shore, to Association decided to order the with the New York Times." He London Silver Agreement, is like- withdrawal of the delegates from said there is a real and gravely to lead to renewed activity in Delhi before the end of the year danger from Japan's militant fac- Canadian mines, the output of after seeking the Government's tion and they could not but, pre- which, owing to the low price, has understanding-Reuter. -
pare to meet it.
dropped from 26,000,000 ounces in 1830 to 18,000,000 ounces last year. An Important now silver-mining camp is rising on the eastern shore of the Great Bear Lake.
London financiers fear President Rosevelt's policy will to over-production unleas lead
is taken, possibly bimetalliam, -for
the which American slivet States are press- ing, or the restoration of silver coinage, by European countries, to pre-war fineness-Reuter.
KOBE CHAMBER OF COMMERCE
The speaker opined, that Japan would be unwise to attack them as her economic position was none too sound and had points of weak- ness in Korea, Marichuria and China
Soviet foreign trade "develop
Tokyo, December 28, The Kobe Chamber of Commer- dities cannot be regarded as the ce to-day passed a resolution urg- sole excuse for the long-standing ing the Government, to break off ments depended on a suitable trade other action default in the various bond ist es, the negotiations at the. Delni Con-arrangement, and the gold produc
and restoration of Sino credit to
.its former high level is essential if investment is to help China's development in a manner which China is quite unable to encompass maided-Reuter..
TRADE
ference and to withdraw the Japanese delegates, ta
The attitude of the Chamber is based upon what is regarded the prohibitive nature of the new Indian tariff. Most
B.S
hundred million roubles yearly tion which is at present over a could easily be quadrupled with more adequate machinery.
It is predicted that Great Britain will sign a commercial treaty with
The Kobe and Osaka merchants the Soviet and the economic re-
have drawn the Government's at-lations between the two countries UNITED tention to the prohibitive rates will be developed.-Reuter, giving as examples, the duty on
tea-sets of 660 per cent and that on knitted goods varying from afty to 230 per cent.
The Government is very annoy- ed and perturbed as the new
It is reported that both General Chiang Kai Shek and so prominently associated with the FRANCO-BRITISH Communist activities from 1993 to Mr. Wang Ching Wei, the 1907. has, since the latter year, president of the Executive severed all connections with the Yuan at Nanking have signifi-Rede. - ed their willingness to retire provided that some responsible morements during the time he was 'members should be selected to connected with the Red Organisa
tions, were merely political moves shoulder the responsibility but now that is all over, he has during the period of transition resumed the normal life of a pri- of offices so as not to hinder vale citizen, the progress of political ad ministration and the suppres- sion of the Communist bandita in Kiangsi, and other pro-
Mr. Yep Ting said that all his Conversations To Betar is applicable to goods al-
vinces.
:
WHAMPOA HARBOUR
Canton, December 28. The Board of Conservancy of Kwangtung is making haste in
According to the opinion of
carrying out the plan of construc- General Chiang Kai Shek the ting. Whampoa Harbour. The work Central Executive Committee for the condemnation of land has already been Anished. It is re- Imembers of the Southwest ported that the harbour proper in- should proceed to Nanking to cludes Yu-cheu, Chingehow, Saloo, attend the Fourth Plenary Ses-Tungwassa, Suyuchow, Tachohsa. sion and he will tender his Lungshuensa, Hengsingsa, Kekchi sa and Peitesa, the total Chinese of which is 79,820 mou.- resignation at the opening of area the Session. With regard to Mr. Central Press. Hu Han Min's declaration he suggests that it should be dealt with at the meeting of the Fourth Plenary Session.
According to information emanating from
reliable sources in this city, General Chiang Kai Shek, the chair man of the Nanking Military Council, will relinquish his post if his military campaign against Fukien proves to be a failure. Many local observers opined that much of the poli- tical situation will depend upon the outcome of the pre- sent Nanking-Fukien conflict. 1 General Chiang is vanquish- ed he will have to resign in favour of Mr. Hu Han Min as the leader of the Central Government.
On the contrary. if General Chiang becomes the victor of the Nanking-Fukien tussel he
PAPER FROM SUGAR CANE
Canton, December 28. In view of the fact that paper manufacturing is very important in this province, the Industrial Testing Bureau of Reconstruction Department found a new method of manufacturing papers by use of refuse of sugar cane as raw mate- rial. The result, it is learned, is
very satisfactory.-Central Press.
SUPPORT HOME TRADE!
Canton, December 28.
Continued
London, December 28.
ready in, transit-Reuter.
SILVER MARKET
The French and United King-(From Our Special Correspondent) dom Governments have agreed that conversations shall be initiat- ed as soon as possible with the object of adjusting commercial relations between the two coun-
Dec. 28. Dec. 27, Spot These conversations have been
18.15/18 181 tries.
Forward ....... 19 18.13/18 rendered possible by the decision
The London on New York cross £=US, of suppress, as from January 1. the rate to-day closed, at exchange surtax of 15 per cent. 5.094 "advalorem" hitherto levied British goods on importation into France.
the French Government to
оп
A Bill authorising the reduc- two tion of the turnover tax to
been. laid per cent. has already before the French Parliament, and the French Government have as- sured His Majesty's Government that they will press on with the measure.-British Wireless Service..
.
ATTEMPT TO BREAK RECORD
For England-Cape Town Flight
London, Dec, 28.
sirman, Mr. Man
CHASE BANK TO REDUCE STOCK
Provide Surplus Of
$50,000,000
A Lloyds message from Flama- gusta, East Cyprus states that a heavy sea is breaking over the vessel which is hard aground and it ap pears that it will be a total wreck The hull 18 cracked in two places and the salvaging of the cargo will depend on the weather-Ren thatter.
STATES
SHIVERING
Motor Cars Frozen To The Ground
New York, Dec. 28.. Practically the whole of the United States is shivering in the coldest weather for 20 years.
At Minnesota, the temperature is 38 degrees below zero, at Chica- go nine degrees below, and at Wisconsin 31 degrees below.
New York, December 28. The Directora of the Chase Na- London, December 28. Following are the Silver Quotational Bank have approved the
Over 30,000. New Yorkers are tions on the London market to issue of US $50,000,000 worth of
five per cent. preferred stock, and shovelling snow from the roads, day?—
have decided to reduce the com- which are like glass and almost mon stock from USB. $148,000,000 unnegotiable.
Numerous motorists who desert- to US $100,027.000..
Tuesday stockilled their cars during The new preferred
find that night's blizzard" now Arst be offered to common stock their vehicles at the kerb-sides are holders on "pro Tata" basis after which the Reconstruction mmovably frozen to the ground Finance Corporation has agreed to purchase the stock not taken up by the common stock holders.
SIMON-MUSSOLINI MEETING
Naples, December 26. Preparations for a Simon-Mus solini meeting were made when Sir Eric Drummond motored here from. Rome and crossed · from Capri to- the island on air Italian torpedo boat.-Renter.
FRENCH TRAIN DISASTER
All Wooden Coaches To Be Scrapped
In order to arouse the people's
Paris, Dec. 27. Interest in using native goods, the The Indian
Public opinion has been pro Chamber of Commerce of Canton Mohan Singh, who is Chlef Pilot! is going to fix a period of pro-to the Maharaja of Patiala, is foundly stirred by the magnitude of the Lagny express disaster, the paganda work. The period will be awaiting favourable weather to
death-roll start on an attempt to beat Mrs.
now in which - has from February 14 to 27 next year.
Amy Mollson's record in a flight mounted to 203,
A demand is now being made to Cape Town.
Els machine, which has a range for immediate steps to prevent a of about 1,200 miles and a cruising repetition of such a catastrophe, safety speed of 125 miles per hour, is at among the measures of
urged being the substitution of Croydon, undergoing final adjust-steel coaches for wooden carriages.
The funds for the work will be raised by the Chamber of Com- merce, and through contribution.--
Central Press.
will dictate whatever terme be EIGHT MONTHS
desires at the Fourth Plen- ary Session. Consequently, the Central authorities have to wait for General Chiang to fix the date for the opening of the Fourth Plenary Session and in any case this meeting will not be held until after a decisive battle had been fought between Fukien and Nanking.
HỤ HAN MIN FOR THE CAPITAL
ICEBOUND
Wireless Contact
With World
HMS.. Challenger, the survey ship, which arrived at Portsmouth to give Christmas leave and for reft, left behind on the coast of Labrador seven naval volunteers as a surveying party.
ments.
Mrs. Mollison's England-Cape re- cord of 8,220 miles in 4 days, hours, 54 minutes, was established In November, 1932-British Wire- less Service.
LORD LONDONDERRY'S TOUR
16,000 Miles Inspection Flight
There is not the slightest doubt that the terrible toll of life was largely due to the fact that the express tore its way through six wooden coaches. "Steel coaches would have resisted the shock and minimised the disaster.
It has, in fact, been announced. that the Government will shortly introduce emergency legislation.
There were moving scenes at the memorial service for the victims at the Gare de l'Est. Maný among the mourning victims were unable to restrain their feelings when the funeral pration was delivered"
M. Paganon, the Minister of London, December 28. Public Works, promised an impar- The volunteers are Cmdr. E. H Lord Londonderry, the Secre- tial inquiry and said was, the B. Baker (in command), Surg. Lt tary for Air, who is spending the desire of France that all the re- Canton, December 28.
Cindr. E. W. Bingham, a petty Parliamentary recess in a 16,000-sources of science should be placed In reply to a query as to whether officer, one leading hand, two mile air four of units of the Royal at the service of safety. Mr. Hu Han Min will proceed to naval seamen and steward.
Air Force overseas, has completed KING GEORGE'S MESSAGE Nanking, Mr. Chow, La, &'pro-
For the next eight months these his inspection of a number of Air The following telegram has been minent member of the South-West men will spend a lonely existence Force stations in Egypt addressed by the King to the Pre- Political Council told the Press to-
He continued his journey from sident of the French Republic: T day that Mr. Hu will certainly go on the icebound coast of Labra- to the capital if his proposals are dor West, where the Admiralty is Cairo yesterday morning, flying am very distressed and shocked, conducting survey work which it in a Service aeroplane, proceeding Monsieur Le President, to bear accepted. Mr. Eu's manifesto is a practical la estimated will take fifty years
via Asslut and Wadi-Halfa to that the railway accident which means to solve the present national to complete,
Christmas, resulted in such a heavy problems, but not that to attack It was deelded, as an experiment, Khartoum, where No. 47 Bomber occurred near Lagny on the eve of
Squadron is stationed.. others, Mr. Chow, also emphasized. to leave the party behind in the
Later he will visit Trans-Jor loss of life and so much grievous the task As to what the Nanking delegates hope of speeding up
dania and many centres in India. suffering. I would sek you, Mon- are an old
ateur Le President, to accept on had offered to the South-west, Mr. Their headquarters
behalf of the French Nation an Chow said that they offered noth-hospital at the Hudson Bay Com-British Wireless Bervice.
expression, of my heartfelt, sym- ing except the necessity of con- pany's post at Nain, which is part
pathy at the terrible disaser which solidation and faith." Central of an old Moravian mission.
has cast its shadow over the
·Press.
Christmas Beason." British Wire- Tess and Reuter.
TERRITORY, REGAINED
The party will not be able to BRITON HONOURED BY communicate with their relations.
for the next eight months, but arrangements have been made.
GERMANY
London, December 23. H.M.S. ADVENTURE A Berlin report states that President von Hindenburg has awarded the Goethe Medal to Mr. HMS Campbell Dodgson, for 20 years cruiser-mine
Awings Navy recommissions
Devon Keeper of Prints and
tare"
Canton, December 28. for brief messages to be sent, to According to the report of the them by wireless from time to 3rd Squadron of Kwangtung Airtime Force all the counties between Relations and friends of omcer Central and Southern Klangal and men who wish to send them to Major formerly occupied by Communist greetings should write to
for thef bandits have been recaptured by WC. Burrett, wireless station troops at the 1st Group Army of director at Halifax, Nova Scotia at the British Museum, in recogn
Albrecht 1:25 and is commande Kwangtung There Is do bandits Major Borrett will broadcast short ton of his research in connection It is due in Singapor appearing in those counties as re messages to Labrador on a special with the agravings of ported: CentralPress.
waye-length on Saturday evenings Dueter Britian Wireless Bervice WG. Gell Reuter,
After the changes the Bank will have a surplus of US. 250,- 000,000 and undivided profits of
US $9,000.000.- approximately Reuter.
-Reuter.
M.C.C. WIN
·
N. Y. STOCK EXCHANGE
Changes In Listing Requirements
New York, December 27, Drastic changes in the listing requirements of the New York,
Stock Exchange have been an- nounced, coming into operation in the New Year,
They are designed to prevent corporations from influencing the market value of their own shares by concealed operations on the markets
The provisions include, firstly, that all companies must after January 31, 1934, make-monthly statements of the amounts of their own shares which they have purchased
Secondly, that all companies. must, after December 31, 1939. . disclose all existing options their own securities,
Thirdly, after December 31, 1933. the Stock Exchange Committee will investigate the circumstances surrounding the issue of new se curities, to prevent a concentrated holding from being inequitably distributed. Renter.
by 8 wickets. The losers made 123. Calcutta, December 28.. In a one-day match the M.C.C. runs, and Marylebone 125 for 2- beat the Indians and Anglo-Indians Reuter.
beware of
imitations of
Ovaltine
REVIRK
ACOMPLY
OVALTINE
WHY THIS SUPREME TONIC-FOOD
CANNOT BE EQUALLED. ».
Proof of "Ovaltine's" superior quality and maximum value as a food-beverage is found in the increasing number of imita tions on the market. All these imitators have to agree that "Ovaltine" is made from the finest combination of food- ingredients it is possible to use malt, milk and cocca.
THE DIFFERENCE BETWEEN OVALTINE & IMITATIONS. There is this great and vital difference, however, between " Ovaltine" and imitations, The quality of the ingredients in "Ovaltine, the proportion of each ingredient; and the manufacture of "Ovaltine from an exclusive formula. by a special process, cannot be imitated by imitators.
Ovaltine is made from:
NEW-LAID EGGB of fuent quality from our own and selected farme
MALT....
·EXTRACT : from bert English barley. CREAMY MILK from
richest pastureN,
собод
small
quantity
uring only
Ovaltine does not contain
STARCH:
undesirable feature
in a tonic food beverage.
HOUSEHOLD
SUGAB: cheap gredient not worth a fancy price.
LARGE PERCENTAGE OF COCOA which does not supply maximum food value.
VALTINES SUPERIOR QUALITY MAKES IT BY FAR THE BEST-
AND CHEAPEST FOOD-BEVERAGE YOU CAN BUY
There is
only one
OVALTINE
THERE - ! I
NO-SAFE · SUBSTITUTE · FOR·OVALTINE ·