Piracy Patrol In
SIR EYRES MONSELL ON NAVY ESTIMATES
Continuity Of Work On Singapore Base
London, March- 6.
The Navy Estimates amonat to £56,550,000, repre senting an increase of £2,980,000 as compared with last year, of which the Admiralty explains that £1,427,000 is required for the normal progress of new construction, £1,000,000 of this being the result of retardation of the 1931 programme, and includes the building of four cruisers, of which three are of the new Minotaur and one of the Arethusa type. - One leader and eight destroyers, an aircraft carrier and three submarines with a person. nel of 92,338 includes an increase of 2,038.
Treaty.
*
ཟ་
Vast Increase Over
Last Year
HONG KONG DAILY PRESS, WEDNESDAY, MARCH 7, 1934.
SIR CADOGAN Bias Bay
There is an increase of £249,000 ing space, the employment of fuel in the Fleet Air Arm expenditure, oll derived from coal for the pro- un increase of £1,103,000 for propulsion of small craft by on-driven vision and maintenance of the and electric generators and the de- fleet chiefly due to the large re-velopment of high speed compres- pairs and modernisation of capital | sion Ignition engines. ships in a view to prolongation of The memorandum recalls that their lives under the London Naval the 1933 programme included four cruisers subsequently modified to Sir Eyres Monsell, First Lord provide two cruisers of a new and of the Admiralty.. in £ memo-larger type. Treaty liraltation which randum points out that under the necessitated the omission of a London Treaty Britain has res- fourth cruiser from the origin tricted the laying down of replace- al position has now been restored. ment tonnage 'for cruisers and sub- The anti-piracy patrol at Blas marines becoming over-age before Bay which was maintained acted 1939 and declares that the battle- as a deterrent to piracy there. ship Barham is remodernised, the Other principal increases in the Ramilies is undergoing large re-estimates зге Fleet Air Arm pairs, and the Malaya will be modernised.
The development of catapults to Jaunch aircraft is proceeding; steadily and the new type of tur- rets has already been atted to, 21 battleships and cruisers.
£249,000, shipbuilding, repairs and maintenance £249,000, material £264,000, and contract work £1.771.000.
As regards Singapore, it was de- cided that in order to secure the most economic results it was im- portant that there should be no break in he continuity of the work which was necessary to enable the The successful experiments relate. Base to function, and provision to boiler and equipment with the has been made accordingly in these object of reducing weight and sav-arid subsequent estimates-Reuter.
The previous estimate for the Singapore Base, £73,750.000, has been extended to £8,693,000,
COTTON TALKS FRUITLESS
A Decisive Breakdown
London, Mar. 6. Mr Okada, leader of the "Japanese delegation at the "Cotton Conference, called on Mr. Matsu-I daira, Japanese Ambassador, and reported the. breakdown of the Anglo-Japanese textile negotia-
PARLIAMENT. ADJOURNS
French Cabinet Decisions
Paris, Mar. 8. The Cabinet· bag decided to
MAROONED ON ICE FLOE
Rescue Measures
Tele-
1894.
(Special to "Hong Kong Daily. Press"}, (ByTelegraph, Copyright, graphic Messager Ordinance, Received, March ú, 7.30 p.m.)
Moscow, March 6.
RESOLVED
To Work Closely With China
UNEMPLOYED IN BRITAIN
Latest Statistics
London, March 5. It is estimated that on February Nanking. Mar. 6. 18 there were approximately Sir Alexander Cadogan, British | 9,941,000 insured, persons between Minister to China, presented his the ages of 16 and 64 in the em- credentials to Mr. Lin Sen, Chair-ployment in Great Britain.... man 'of the Chinese National This was 67,000 more than Government, this morning.
month before, and $25,500, more
In presenting his credentials, Sir than a year before.
Bald: "The inter- The industries showing the Alexander dependence of nations makes the greatest improvement during the were building and welfare of all the interest of each. past month
EXCHANGE QUIETNESS PRESAGES A STORM
Stabilisation Impossible In Present Uncertainty
London, Mar. 6. Some circles are of the opinion in that the present quietness foreign exchanges is only tem
other storm.
Measures for the resque of the will watch with the closest sym-public works contracting, talloring: | vorary, a calm heralding of an-
crew of the Russian ice-breaker
"Chelyuskin" adrift on ice since February 14 are being pushed for- ward with all speed that human ingenuity can devise. The airman, Ljopidewski succeeded on Monday in landing a number of fully charged accumulators on the ice whereby radio sending appara- tus can be kept in operation. For three days past, Pro-- fessor Schmidt had been ob- liged to restrict the messages' to. short reports of weather and gen- eral conditions the stranded
con-
I
"pathy the economic and political boot and shoe manufacture, and
here There are rumours
of development of China. I am de- pottery manufacture.
There was also some improve- spare no effort in termined to
and working
collaborating" to ment"in the iron and steel, the America's second devaluation of maintain and strengthen the honds engineering and the" motor vehicle the dollar, but it is generally, be-
industries, and in of friendship and mutual
the shipping lieved this is only likely if all else idence which happily exist be-service.
falls, as President Roosevelt is ex- this valuable At February 19, the numbers of pected to keep
the re unemployed persons on tween your country and mine."----
weapon in reserve. Reuter.
gisters of the employment ex- It is further pointed out that changes in Great Britain were depreciation to Afty cents is most 1,881,532 wholly unemployed, 340,897 | unlikely till the President obtains temporarily stopped. and 95,480
powers to
further cut the gold content of the dollar beyond fifty cents in order to allow him a fresh margin.
MR. SOONG IN NANKING.
eren. Lapidewolf had also be Attending Meeting To Discuss
ceeded in landing fuel for the air- plate belonging to the camp.
The Silver Question
Among the women and children
Nanking. March 6. rescued by Ljapidewski on Monday
It is understood that Mr. T. V. were the three year old daughter Soona, who arrived in Nanking of the leader of the Polar station with the Finance Minister, Mr. H. on Wrangel Island and the six Kung, this morning, is conven- months old child of one of the ing the Seventh Meeting of the official burveyors. In the last 24 Standing Committee of the Na- hours the icefield where the camp tlonal Economic Council to discuss is situated had been driven two the silver question as well as re- miles further northwest. Mean- construction measures-Reuter. while the construction of an avia- tion base to be used for. rescue operations is proceeding rapidly.
Large quantities of fuel for air- on the way. Spare planes are parts are being brought up by dog sledges. Unfortunately an unfav ourable change of weather has been predicted.-Transocean Min.
Kui
SILVER MARKET,
(From Our Special Correspondent)
London, March 6. Following are the Silver Quota, tions on the London market to- day:-2
March 6 March 5 Spot
20.9/16 201 Forward 20.20.11/16. The London on New York cross- the closing to-day was
ALL BUT 84 RESCUED
Moscow, March 5. All but 84 of the 400 marooned fishermen, victims adrift on an ice-block which broke away from rate at the ice-field in the Caspian Sea | G85.06. have now been rescued.
Steamers and aeroplanes have been used for this purpose, and it is hoped that the rescue of the remaining' men, who are still BRITISH STOCK MARKET marooned on the ice-floes, will be shortly accomplished.-Reuter.
London, March, 5. British funds were agala active on the London Stock Exchange yesterday. where buoyant condi- RECENT EARTHQUAKE IN ions prevailed in almost all sec-
INDIA
Comprehensive Reconstruction Plan In Hand
I
tions.
Further substantial gains were recorded in British Government stocks under the lead of Console 2 per cent. at 82, which is the highest point reached for many
years. London, March 5.
and the Government of "Blbar in
Sir Samuel Hoare, replying in the House of Commons to question regarding the reconstructive works in progress in relation to the re- cent earthquake, said that a com- prehensive plan has been worked out by the Government of India adjourn the Parliament till May.
consultation covering reconstruc- The decision is largely due to the
tion of Government buildings, decision of the Radical Socialists financial assistance to local au- to continue to support the Govern- thorities and reller' to private Mr. Matsudaira merely acknow- ment and postpone
sufferers. A special Commissioner ledged the report and regretted the ordinary Party Congress till the has been appointed by the Bihar
middle of May. Congress will Government and with position.
It is assumed from Mr. Matsu- discuss whether the Radical Minis assistance given from central re- daira's attitude that the Japanese ters like M. Herriet may remain venues he had no doubt work of Government
from in the Cabinet. will refrain
reconstruction would be vigorously 2 Instructions and
taken up. British Wireless. 'giving new
tions.
the extra-
During the recess the Govern breakdown, at to-morrow's conferment will wield the quasi-dictatori-
ence is decisive.-Reuter. -
MARYSE HILTZ REACHES DESTINATION
Warm Welcome At Tokyo
Tokyo, Mar. 6. Mlle. Maryse Hiltz arrived here at 3.15 this afternoon,
A large crowd awaited the arrival of the famous aviatrix and on landing she was accorded a most enthusiastic reception-Reuter.
TRADE MÄRK ABUSE
Reference To ̈ Japan
London, March 6. In the House of Commons, yes- terday, Mr. D. G. Somerville called attention to the number of law suits pending in Great Britain against Japanese representatives in connection with the infringe- ment of trade marks and the re presentation of Japanese goods as British
al powers granted by Parliament; including the powers for reduc-
financial
tion of expenditure, and gradual PREMIER DUCA'S
reduction of tarifa.
The Cabinet discussed the pend- ing visit to London of Minister of Commerce Lamoureux, who will open discussions with a view to trade negotiations with Britain.
The Government's decisions in the Stavisky case were not dis- closed-Reuter.
DUTCH EXUBERANCE RESTRAINED
Nazis Invited To Open Air Meeting
MURDER
Arrested Men Released
(Special to “Hong Kong Dally Prési")
(By Telegraph, Copyright, Tele- graphic "Messages Ordinance, 1854. Received... March 6, 7:30 p.m.).
Bucharest, March 6. General surprise was created on Monday when the large number of persons arrested shortly after the
"
War Loan 3 per cent., improved to a new high level of 103 15/16, -British Wireless.
SINO-JAPANESE TRADE
Move For Closer Co-operation
Takyo, March 6."
ally in casual employment. The total was 71.159 less than the number on the registers at January 22 and 538729 less than
A year before.
The total on February 19, 1934, comprised 1,883.782 men. 58,368 boys. 328,146 women, and 47.613 girls-British Wireless.
MURDER OF PRINCE
Poison Found
Paris, March 8: A laboratory analysis of the viscera of Judge Albert Prince, the noted French criminal investiga- tor, and former head of the Pub- lic Prosecutions Departments, whose body was found, terribly
U.S. BANKING MOVE
An Intermediate Credit Bank
Washington, March 6. The Federal Reserve Bank Gov- ernors have approved the proposed establishment of an intermediate credit bank and have ordered national survey.
The Governors have also
· RD-
The action of the British Ex- change Equalisation Fund recent proved the Treasury's financing ly supporting sterling caused programme to be announced, to- rumours of the authorities decid-morrow.
Such ing de facto stabilisation.
Each Governor will obtain from rumours must be taken with the member bank, a report on the greatest reserve as it is pointed out needs of capital, loans, the type, that stabilisation is impossible and also the probable number at owing to the present uncertainty men to be employed thereby. The
The monthly review of Barclay's
Bark says it is obvious that Great latter, according to the United Britain, while fully alive to the States Morgenthau, should be the advantages of an international yardstick in deciding the new pro
ject. monetary standard, cannot consent.
to return to gold until conditions Mr. Morgenthau expects.reporta established are holding out reason- from the Governors by the week- able prospect of the system func-end-Reuter. tioning efficiently and also assur- ance of sufficient relaxation in trading restrictions to enable debtor countries to discharge in- ternational commitments through the sale of goods-Reuter.
TIN OUTPUT QUOTA
No Change Recommended From April
London, Mar. 6.
TWO KINGS MEET
(Special to "Hong Kong-
Daily Press) (By Telegraph, Copyright, Tele graphic Messagez Ordinance,_|_189)« Beceived, March 6, 7.80 p.m.)
multilated, on the railway line
Sona, March 6, near Dijon, on February 22, has
The meeting between King' Alex- revealed the presence of poisons
ander of Yugoslavia and -King such as cocaine and chloroform.
Boris, of Bulgaria is characterisedy M Huriaux, Assistant Public
by the utmost cordiality. "In fact Prosecutor in the Court of Appeal;
by brotherliness," says the Govern has been dismissed. He was 'one
ment organ "Utro," and has donet of the magistrates who dealt with.
much to facilitate negotiations be- the Stavisky swindling case, the
tween the two countries which are hearing of which was postponed 194
about to begin. A communique issued after the times.
King Boris will receive on Tues- Inspector Bony, of the Surete-meeting of the International Ta day the new Yugoslavia Miniater General, who was suspended on Committee, yesterday, states that. at Soda,
the Committee has decided not to whose, credentials are not worded Cincar Markowitsch- undisclosed charges of corruption In connection with the Stavisky recommend a change in the output in the usual form, but are much
affair was rehabilitated three days
quota from April 1 next.
lengthier and couched in exceed ago. and has now been placed in
A meeting is to be held in Farisingly friendly terms. Transocean full charge of the enquiry into on May 18-Reuter.
Kuo Min. Judge Prince's murder.
M. Hurlaux attempted to commil Prosecutor's office,,, but was pre- sulelde by poisoning in the Public vented and taken to ä nursing
home-Ruter.
PU YT'S VISIT TO TOKYO
British Non-Participation
Urged At Commons
London, Match 5. In the House of Commons, Mr. Tom Smith, the Labour member, arged Sir John Simon to instruct the British Ambassador in Tokyo There is considerable activity in not to attend any function given commercial circles here having as in honour of Mr. Pu Yi during his its object a closer economic co-impending visit to Tokyo. operation with China.
Sir John Simon replied that he
Mr. Kenji Kodama, President of was unaware of Mr. Pu Yi's im- the Yokohama Specle Bank, and | pending visit to Tokyo and explain- other business men connected with ed that the obligation implied by Sino-Japanese trade recently have the League resolution against the been exchanging views with the recognition of Manchukuo Chinese, Legation officials with a be observed. view to evolving plans for a'i eson- omic rapprochement.
would
At this Mr. Tom Smith tried to induce Sir John to be more speci-
It is understood that further fic, but the latter merely repeated meetings will be held on the ar-the answer, saying that the ques- rival of a high Chinese official who tion was a hypothetical one. is expected in Tokyo shortly-Reuter. Reuter.
NEWFOUNDLAND FINANCE
Supplementary Estimates Approved
EARTHQUAKE IN AUSTRALIA
A Most Severe Upheaval
Amsterdam, March ô. The police were compelled to re-assassination of Premier Duca were strain indignant in habitants of let, ont of confinement.
London, Mar. b. Among Doetinchem. eight miles from the these were director of newspaper Supplementary. cstimates pre- German frontler, when several Cuvantul and chief editor Proto- sented to the House of Commons hundred Nazi sympathisera march- copescu of the newspaper "Calen~ on behalf of the Dominions Office ed in from German territory todaru" and over 80 others.
and approved included £234,000 in attend a meeting. "of the Nanap. The military prosecution authori- connection with the. recent con- The Nationalist Socialist Nether- ties declare that the release by no stitutional changes in Newfound-
Sydney, Mar..6. lands Workers' Party), the leader means indicates that the charges land.
Earthquake vibrations at 2 p.m. of which explained to German par- are dropped.
The Under-Secretary, Mr. Maj-to-day almost wrenched off the tisans to come and help to keep The trial is in fact expected to colm Macdonald, said that the needle of the Riverside Observatory order. :
open next week-Transocean Kuo greater part of it was required to Beismograph.. The meeting concluded with the Min.
meet a deficit in the current finan- It was the severest. upheaval singing of Dutch. German and
cial year, including provision for observed and is believed to have Nazi songs," followed by an -open
the payment of Interest on the been 1,500 miles distant in the air prade with Fascist saluter.
Newfoundland public debt...
direction of New Zealand. Reuter.)
The party, which included a CONSULATE AT CHANGSHA number of Dutchmen living in. Germany, returned across the To Be Reopened In June
frontler plastering the road. with swastikas.-Rcuter.
The Parliamentary Secretary to the Board of Trade. Dr. E.-L. Burgin, speaking for Mr. Walter Runelman, said "that the British "Ambassador to Tokyo was recenternment with a view to the sup- ly instructed to make renewed re- pression of acts of unfair competi- presentations to the Japanese Gov- tion-Reuter.
In response to the Newfoundland debt, the conversion offer had been extremely satisfactory and the saving during six months has been about, £150,000.
Little Damage Reported,
Wellington, N.Z., March 6. London, March 5.
An earthquake shock which oc In the House Commons to-night, In addition to £234,000. a fur-curred here at 11.46 pim. yesterday, Sir John Simon said he expected ther £40,000 was being asked for caused alarmi in many centres of that the Consulate at. Changsha in connection with certain work of the North Island. would be re-opened next June. reconstruction and rehabilition in Little damage is, however,
ported, Rautér, Newfoundland-British Wireless Reuter.
OVALTINE
CALLING
Goodnight Everybody
Goodnight
6 AP
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