"
LONDON GOLD PRICE. ON SUPPLY
AND DEMAND RATE
Stock Exchange Anxious To Participate
London, February 2.
The decision to base the London gold price on a supply, and de- mand, and not a franc
most significant.
rate is
The sterling.
UNEMPLOYMENT
price is tus practically brought DEMONSTRATION
into line with the American price which is now considered to generally effective.
be
|:
The drmness of the dollar in terms of sterling and gold curren cles is due to the heavy demand for dollars, Stock Exchange circles and being anxious, to participate
Street will it is expected Wall show a boom in Repatriation Funds and commercial requirements. The weakness of sterling is purely the result of the strength of the dol- lar.
Mass March On
London
HONG KONG DAILY PRESS, SATURDAY, FEBRUARY 3, 1934.
A TRIUMPH IN SURGERY
Restores Sight. After 27 Years' Blindness
London, February 2.
A triumph in optical surgery has Newcastle, age 29, who has been
given sight to Henry Watson of
METRIC SYSTEM IN CHINA
Results. In Loss Of Money
[Special to the "Hong Kong Daily Press" (Copyright)]
London, Feb. 2. The introduction of the metric blind since he was two years old.
The case had always been re- system into China is severely com- garded as "hopeless until themented upon by the London Times Cardi specialist. Dr. Tudor Shanghal" correspondent, who says Thomas performed a very de- that it has resulted in an intoler- Ucalc operation substituting able condition and loss of money corneas from the
of for foreign business firms.
eyes
MORE GERMAN NEWS
Short Wave Transmit- ter To Operate
(8pecial to the Hong Kong Dally Fress" (Copyright.)]
Berlin, Feb. 2. The German directional short- wave transmitter will inaugurate an official programme in its re- East Aslatic service on gular February 3 from 13 hours to 15 hours Greenwich mean-time, when the following speakers will address Japan, according to the cor greetings to Germans and triends respondent, passed a law in 1924 of Germany in the Far East: The
the The country's most famous aur- enabling the Government to in- President of the East Asia Associa-
Illies,
General Elder reduce the metric system begin- tion, Kari Seons including Sir Duke have visited Watson in hospital, ning in the present year, but al-Manager of the German Railways, the President of though the system has been taught Dorpmueller, In Japanese schools and univer- Hapag Helferich, and the Director sitles for the past ten years, the Begemer of Nederlandsch Indie Japanese nation is not yet ready Radio Omrope Maatschapply in to put it into practice but has Batavia. pustponed its introduction for an- other five years.
1wo other blind men for Watson's diseased cornea.
Reuter.
INDUSTRIES IN FREE STATE
London, February 1. Asked in the House of Common's yesterday whether steps" would be taken to prevent the large scall unemployed demonstration which was being organised to take place in London this month, the Home!
re pre-Secretary, Sir John Gilmour,
piled that there was no provision in the existing law by which the Possibility of Entering World
prevented procession could be from marching into London, pro- vided they were orderly and well behaved.
Heavy withdrawals from the Bank of France to America is ex- pected to continue as the sent Paris-New York rate is still about two per cent, above the gold Yesterday's ship- export point. ments are understood to amount to two-and-a-half million sterling. Although the strain of French gold reserves is considerable, the Bank of France is considered sum- ciently strong to maintain gold payments. Moreover the existant technical physical limits prevent ad lib withdrawals-Reuter.
11
Was
A RECORD RISE
London, February 2 A record for all time in gold price 130/6 which shows a rise of! 45. over yesterday's rate reached to-day when the price, for the first time, was based on what bullion brokers described as a supply and demand basis in- #stead of or the French Franc rate
as before.
It is learned that the market is guided more by the dollar than by the franc in fixing the price.- Reuter.
LONDON STOCK MARKET
London, February 2 In British Stock markets, yester- extremely day gold shares were active throughout the day, and afer closing, British bidding con- tinued in the street markets with further gains.
Prices of typical, stocks were:--- Crown Mines, 10 13/16; Rands 61. Trans-Atlantics were also in de- mand.
stocks
British Government closed firm, with War Loan, 34 per
He added that the right to hold peaceful meetings was one of the most cherished rights of the peo- ple, but if it were to be abused in such a way as to lead inevitably to disorder or public disturbance. the Government would ask
Par
Hament for such powers as exper·
"lence might show to be necessary to deal with such demonstrations.
aware tnat Asked if he was
which the proposed march. of demonstration
to "be the culmination, was a cruel exploita- tion of the unemployed. the Home
rio answer. Secretary returned British Wireless Bervice.
Market
Cork, January 28." The intention of the Irish Free State Government to establish an Industrial Research Council was announced by Mr. Sean F. Lemass. Minister of Commerce and Indus- try.
China, on the other hand, has contented herself with giving two months-notice of the change.
The correspondent takes the curious view that the Chinese will require a whole century before be- ing accustomed to the metric system. Transocean Kuo Min.
SILVER MARKET
The East Asiatic directional
transmitter will operate on a wave- length of 19.73 metres from 5.35 till 7 Greenwich mean time and on a wave length of 31.38 metres from 12.35 till 16 hours Greenwich mean time.-Transoceah" Kuo Min.
PRIVATE MONETARY TALKS BETWEEN BRITAIN AND AMERICA
Reaction To "New Dollar" Not Satisfactory
Washington, February 2 It is authoritatively indicated that private monetary talks. Official. with Britain are being held or are about to begin. circles admit that President Roosevelt's policy will be hamper- ed if a French gold embargo is imposed. Reaction from abroad to the "new dollar" is not considered highly satisfactory, and the feeling is that a currency truce is preferable rather than have Britain operating the dollar market which might develop into a currency war-Reuter, ATTACK ON STERLING FAILS
New York, February 2. Sterling, yesterday, withstood all attacks, whether real or imaginary. The foreign exchange market was confused but sterling early regained its nominal loss and remained stationary thereafter
The dollar failed to decline in re- lation to gold currencies, and it substantial premium over London!" gold and the franc made imports of gold on private accounts pro- Atable.
The largest volume of trade since July, 1933, was recorded on the Stock Exchange, 4,600,000
WIRELESS MAST
ON FIRE
Crashes After 30-Hour Blaze
London, February 2. The top part of a 450-feet long wireless mast at the Admiralty station at Grimsby crashed to the burning ground yesterday after for over thinly hours, during which Govern- time firemen gazed helplessly at RADIO SERVICE IN CHINA shares changing hands.
ment bonds and commodities the flames in mid-air out of their
reach. were strong-Reuter. Nanking, January 21: Direct radio service between China and Britain will be officially Inaugurated at 3" p.m. February 3rd, at the Chenju International is announced. Radio Station, it
RE-DISCOUNT RATE REDUCED
announcement. In making the Mr. Lernass said that there was no limit to industrial possibilities in, the Free State. He added that, at this stage, the establishment of in- (From Our Special Correspondent) Arrangements for communication rate from two to 1.5 per cent.
dustries on the basis of the home market was nearly complete, and further Industries would now be developed,
The Minister foreshadowed that the Free State would then enter the world market,
BRITISH MEMORANDUM ON DISARMAMENT
General Approval By
European Capitals
London. February 2
European capi- Messages from
cent.. at 101 11/16.-British Wire-tals indicate that the British me, less Service.
#
LEE MAN JOE MURDERED
Culprit Arrested Shortly After Crime
morandum on Disarmament is be-
FRENCH POLICY UNCHANGED
Paris, February 2...
The full text has been published of the French alde hemoire on ing closely studied by other Gov-Disarmament, which was present
ed to Germany on January 1, and confirms earlier summaries.-Reu- ter.
ernments.
Press comments tele- graphed to London, admittedly based on first impressions, are, on the whole, by no means unfavour- able.
February 2. Following are the Silver Quota- tions on the London markat to- day:-
Feb. 2 Feb. 1
191 19.7/16 101 19.7/16
Spot
Forward
"
THREAT TO WORLD PEACE
The Pope Sounds Warning
which might involve the whole of
Europe, and
young women.
New York, February 2. The New York Federal Reserve Bank has reduced its re-discount
between the two countries have| Reuter already been completed. Test services have also proved highly satisfactory.
برگی
It is understood that invitations have already been issued by the Ministry of Communications. for the inaugural ceremony.-Kuo Min
CHARTERED BANK FRAUD -
The mast was a steel one, with the old type wood core, and for- tunately fell clear of the build- ings. Flames later burst out ar the lower end of the mask, which subsequently collapsed, together. with the guide wires and aerials. ----Reuter.
FRENCH PRESS HOSTILE TO
BRITISH PROPOSALS
Suspects All Arrested fervent hope.
Shanghai. February 2. According to telegraphic reports received by the Shangfal police
Balnik in Mukden and Tientsin
respectively.
Firstly,
to
London, Feb. 2. Oficial response from other Powers, especially from France and Germany, to the British Dis- armament memorandum, is an- xiously awaited in London with Becond thoughts modity the unofficial reaction which so far suggests the widen ing of the Franco-German gulf.
Responsible British circles re- cognise that France is required to who are rounding up the gang make big concessions, but is given allegedly implicated in the crime varuable compensation. Rome, Feb. 2.
by which the Chartered Bank was that Germany must. return The danger of a confiagration
of permanent automatic defrauded of $136,000, the work Geneva, and secondly, the accept- has been completed by the arrests ance perhaps the whole
of two Russians named. Kashi and supervision of arms.
"The French Press is almost world, and might even lead to the
unanimously hostile. A typical collapse of Christian civilisation was referred to by the Pope in an
A Portuguese named S. Baptis-headline appears in "'Qeuvre interview with a special correspon- dent of the Intransigeant, His ta who is connected with the local which states, Simultaneous Offen- from London and Rome," Holiness deprecated
office gave himself up voluntarily sive militarism
while "l'Echo de Paris" condemns and especially physical training of this morning.
Preliminary Court proceedings even the compromise idea on the The Pope also condemned ex- of the case were begun yesterday cessive nationalism and said the and are now going on.-Reuter. ideal of glorifying one's own" coun- try by any means will eventually has published a long lead to subordination of a weaker FUKIEN TROUBLE commentary on the Italo-British state to a stronger one and this, coun-memorandum After examining in was contrary to the integrity of detail the principles and scope of the small nations and ideals of the two documents, the newspaper Christian charity. points out that the Italian Govern- ment having noticed the particular conditions and the difficulties which would arise from the Mac- donald plan,, makes some proposi- tions which will in all probability meet with success because they are allowed to overcome the 'death point of the negotiations now! taking place. The newspaper adds the. Tallan meinorandum that presents "concrete propositions [Special to the "Hong Kong Dally where the principal object de-
Press" (Copyright.)] monstrates a limitation of arma- ment which can satisfy the in- tangibility of the French Military | Forces and the German demand.
Transocean Kuo Min.
CONCRETE PROPOSITIONS
[Special to the "Hong Kong Daily Press ""(Copyright.}]
Vatican City, Feb. 2. newspaper "Osservatore
The French and German news- papers are agreed that the me- morandum is at least a practical resolve and courageous effort to
And The the deadlock although both points--naturally enough, different Romano” points-against which they direct criticism. In both these
may
has
Shanghal, February 2 Smart work by the Settlement tries, however, the view finds ex- police resulted in the arrest, yes-pression, that the proposals terday evening, of Cha Gee-yuen, yet form a basis of agreement. four hours after he had allegedly In Geneva, the document murdered Mr. Lee Man-jõe, mana-been received with warm appro- ger of the Sun Bun.department val, and is regarded as skillfully store, who had dismised him from designed to reconcile the Franco- his position of watchman, yester- German differences. day afternoon,
Britain's acceptance of perman- Mr. Lee Man-joe was found shot
ent and automatic control is wel- dead in a room in the Sun Sun Hotel. He was a native of the comed, and the proposal to write Chungshan district of Kwangtung. Into the Disarmament convention an immediate Leaving for Australia in his youth, the provision for
he remained in the Commonwealth consultation "As to the steps to be taken" in the event of its for about a quarter of a century.
an im- Mr. Lee, who was 53, is survived breach, is recognised as
towards se by a widow and several children portant contribution He was a member of the Canton curity involving for Great Britain Guild and the Cantonese Union 2 departure from traditional po- Church-Reuter..
TRAINING NEW ASSOCIATIONS
A
[Special to the Hong Kong Dally Press" (Copyright.)】
Berlin February 1. The Chief Editor of the "Voelkischer Beobachter"
of
Hey.
NO OFFICIAL OPINION
The importance of this contri- bulion has not escaped the notice of the British presa. Some EngSpecial to the "Hong Kong Dally lish newspapers are also inclined Press" (Copyright.)] to regret that the immediate mea- sure of Disarmament proposed 1 not more drastic.
Berlin, February 1: No official opinion has been expressed yet with regard to the was, British and Italian Memoranda on disarmament. It is said that the proposals seem to come pro- nearer to the German wishes as
This particular criticism Hers however, answered before it WAS - Alfred Rosenberg has been en- affered, in the document itselt. Italian
trusted by Hitler with the organi- which pointed out that the sation of training all newly re-posals, did not represent the Bri- they are based on the same sup- formed associations in the spirit tish ideal, but were intended to positions, while the. British Pro
National Socialistic ideals. form a practical basis for an posals presume that the highly- nations are- prepared to the armed With the publication of his book agreement in the light of
The Mythos of the 20th. Cen-views expressed by other Govern-disarm. Transocean Kuo Min. tury" Alfred Rosenberg has carments, the vital and primary con-
GERMANY'S REPLY TO rled the Nazi-propaganda into sideration of the moment being to
AUSTRIA. which intellectual spheres.Transocean get an agreed convention Kuo Min.
would at least prevent the de- terioration of the international situation, while providing a scheme for the future and progressiye stages, of Disarmament.
[Special to the "Hong Kong Dally
Press "¿(Copyright.)] -
43
What was needed was not ex- terior peace, but a peace which penetrated into the hearts of men.
-Reuter.
ENTHRONEMENT OF NEW
K
BISHOP
Berlin, February 2. The enthronement of the new Catholic Bishop in Berlin, Dr. Bares attracted
ALL OVER
Feeling Of Relief In Canton
(From Our Special Correspondent)
Canton, Feb. 2. Final liquidation of the 19th Route Army is effected by the in- corporation of this defeated unit Into the Nanking armies and 'will hereafter be known as the Seventh Route Army, according to a tele- gram sent to the high military vast crowds to command here by General Miao Saint Hedwigs Cathedral on Fri- Wet Shay, new commanding officer day forenoon.
ceremony, of that"Army, which took place with customary This new Army is under General pomp, was witnessed on behalf of Chiang Ting Wen, who was respon- the Retchgovernment by vice- alble for the defeat of the 19th Chancellor von Papen and the Route Army by driving it out of Instead of dispersing Minister of Communications, while Foochow
The
the Prefect of Police, von Levetzow the "defeated Army. General Chiang- represented the Prussian Premier. Hal Shek, Chairman of the Nan- ---Transocean Kão Min.
king Military Affairs Commission, gave them a chance to serve the National Government.
י,
$
Llent.-Gen. Chang Yen, former THE GREEKS AGREEABLE
W divisional commander of the 49th division of the 19th Route (Special to the "Hong Kour Daily Army, is appointed second in com-
mand of the 7th Route Army, be Press" (Copyright.))
cause he has never been an en- Athens, Feb. 1. thusiastic sapporter of the so-call- The Greek Government has ined People's Revolutionary, Govern formed the Turkish Government ment. The other divisional com- that it is prepared to accept the mander such as Ou Shao Nien formula for the Balkan Pact as and Bhen Kwang Han, are relieved proposed by Turkey, whereby the of their posts and each received clauses respecting guarantees of $5,000 in recognition of their anti- Vienna, February 2. territorial integrity and the in-Communist campaign. YELLOW RIVER TAKES
The German Government's re- violability of frontiers have been All battalion and company com- ITS TOLL
!ply to
In fact manders are asked to remain with Austria's protest about made somewhat milder. The necessity of this is emphas alleged interference in Austria's it is believed that in the new form the army except those who came ised in the new Italian proposals internal affairs is regarded as un- even the Bulgarian Government from Lo Ting County, the home Floating Corpses Daily Seen at which also agree with
those 01 satisfactory by the Austrian Gov-| might see the possibility of sign- town of Ceneral Tsai Ting Kái.
al
The General himself also informed Huahsien
the British Government in
ernment who in an official com- ing the Pact, least two other important respects, munique, deplores "that also this On the other hand, it is assert his military colleagues here that Peking, January 29. namely, in regarding the British attempt to reach a direct solutioned that the Turkish Foreign Min-he has left his troops at Lunglen of the Austro-German conflict is ister is not satisfied with the con- South-west Fuklen and retired to Corpses floating down the Yellow draft convention as continuing to River
no response from ditions in the Pact as conceived private life, believing that his have become a dally provide a basis for discussion and meeting with
by Roumania,, which were com-
cause will be taken by other spectacle in the Huahsten district in emphasising the importance the German Government."*.
The communique goes on to say municated to him at Bucharest patriotie officers. In Ronan where scores of villages of Germany's return to Geneva.
In the House of Commons, yes that the Austrian Government on Wednesday. On his part the There is a feeling of relief in are inundated as a result of the
com-mcial circles here that the rise of the river level
terday afternoon, the Prime Mini will take the course indicated by Turkish Foreign Minister ater, Mr. Ramsay MacDonald; circumstances which is generally municated to competent authori- trouble in Fuklen is all over. agreed to give time next Tuesday taken to mean that Austria will ties in Bucharest, that the new Kwangtung is too close to Fuklen. for discussion by the House of lodge a complaint against Ger- form of the Pact may possibly be and what happens there is bound the British memorandum-British many with the League of Nations, accepted by Bulgaria-Transocean have repercussions in this
Transocean Kuo Min, .....
Kuo Min.
province. Wireless Service.
Heavy ice jams from the upper regions have aggravaled the situa tion and many refugee boats, are reported to have captized with serious loss of Hfe-Reuter.
The Secret
of Sound Sleep
ground that the middle line gives an unfair advantage to those who have made exaggerated demands.
The Italian Press considers the simultaneous publication of the
memorandum Anglo-Italian" proof of a prior agreement. be- tween the two Governments.
Fa
Washington journals state that. the British memorandum vica in importance in the official mind, with President. Roosevelt's gold. proclamation.
Semi-official reports from Berlin state that Germany rejoices over both documents and substantially
equality is therefore serious and a acknowledge that the claim for
valuable contribution to pacifica- tion in Europe.
The German Press prefers the Italian proposal because it omits.. the reservations about military air- craft and is notably silent on the subject of Germany's return to Geneva-Reuter.
WHEN sleep does not come easily and naturally the reason is usually that your ner- are exhausted and your brain tired by work, worry or excitement.
ves
Sound sleep can only be ob tained by soothing and restor ing the worn cells and tissues. of the brain and nerves... Only nourishment will do this, From no other source can that soothing and restorative nourishment be obtained so abundantly, or in such a delicious and easily digested form, as from "Ovaltine.lt the only food beverage prepared from malt, milk anda eggs Nature's foods which are richest in nourishment. Drink a cup of this delicious be verage just before yougo to bed. Its gratefulwarmth sooninduces natural, refreshing sleep.
is
OVALTINE
TONIC FOOD BEVERAGE
Fired Nature's Sweet Restorer