PAYMENTS IN KIND NOT
PRACTICABLE
Britain Gives Reasons In Reply To America
London, June 37.
The following is the text of his Majesty's Government's reply to the United States note:
"After careful consideration of the note which you addressed to Sir Ronald Lindsay on 12th June, His Majesty's Government in the United Kingdom feel that there are two questions to which it may be useful to make further. refer-
ence.
a
WAR DEBTS
Better For "All
Not to Pay
New York, June 28.
HONG KONG DAILY PRESS, FRIDAY, JUNE
YAMAGISHI'S WİN
Sparkling Tennis at Wimbledon
London, Juna 28. In the Wimbledon tennis cham" plorships third round play to-day Yamagishi defeated Lester 9-1, 7-5, 8-3.
The Japanese had a hard strug- gle to beat the former Davis Cup
The court player.
was slippery owing to rain at the commence- ment, but the sun came out later
Yamagishi's sparkling service and aces featured the game. He chased his opponent all over the court with lengthy drives.
Lester's backhand was weak, and A candid admission that non-Yamagishi" successfully exploited In the Arst place, His Majesty's Government would observe that in, payment of War Debts is better this weakness by peppering at the
made by backhand their note of the 4th they did not for all concerned was
In the second set Lester employ state that the payment of the Mr. Lewis Douglas, member of the
Brain Trust and Director of the ed a heavily sliced drop shot. British war debt was legally con-
Yamagishi replied with the same tingent upon the payment of Budget, during a broadcast debts due to them. What they Replying to an University stu-shot, but more effectively.
Yamagishi should give Jack said was that it would be impossident who asked him how much ble for them to contemplate a burden the American taxpayer will Crawford, whom he meets in the situation in which they would be be relieved of it foreign govern- next round, a good game-Reuter. ments did not default, Mr. Doug- called upon to honour in full their war obligations to others, while las declared that if foreign govern-" continuing to suspend all demands ments had paid the debts it for the payment of war obliga- probably would have intensifed tlons due to them.
I
the
chaos in international cur-
This was a statement not of law rency, paralysed further Interna- but of fact. 4
Experience With Germany Secondly, as regards the sug-
"
gestion of payments in kind, His Majesty's Government would re- call that the experience of German reparations showed that the trans- fer dicütles are not solved by a system of deliveries in kind.
As the Committee presided over by General Dawes pointed out in 1924, "In their financial - effects, deliveries in 'kind "are not really distinguishable from cash pay- ments." In fact, the economic ob- "jections to cash payments would apply with equal force to deliver- les in kind, unless those deliveries werc to consist of indigenous debtor country, products of the excluding re-exports, and unless they were to be accepted by the creditor country and consumed by it in addition to the normal course of trade.
If the United Kingdom were not to receive payment for goods er- ported on commercial account, her exchange resources available for the purchase of cotton and other goods from America would be atili further diminished.
Therefore, while not unwilling to give further consideration, to the
possibilities in this direction. His Majesty's Government do not, at present, see any method of putt- ing such a plan into practice which would be likely to commend it- self to the Government of the United States.
Amount To Be Paid.
In the view of His Majesty's Government, the primary question for settlement is the amount that should be paid, having regard to all the circumtsances these. debts.
of
tional trade, diminished profitable abill to produce, and possibly increased the burden of American taxpayer-Reuter.
ELECTIONS IN IRELAND
Political Basis Fight
the
Dublin, June 28. General O'Duffy's United Ireland Party is leading by a good majority! in the Irish Free State local elections which are being fought on a political basis.
SHANGHAI'S HEAT WAVE
A Most Trying Day
|
CHINA AND SILVER
Sir Arthur Salter's Views
London, June 28. Sir Arthur Salter, writing in the "Manchester Quardian” on the question of silver, days it is lamentable that China's influence is not exercised, strongly, not for
for stability.
artificial appreciation of silver but
a
Her Interest entitles her dominant influence in sliver policy: She scaped the world depression in 1930/31 because silver was fall- ing.
29
1934
SILVER BUYING
NASTY INCIDENTS
IN
CAMPAIGN
SHANGHAI
Great. Interest Aroused
Washir¿ton, Jube 27. The
United report that the States Government has decided to embark on a great aliver-buying" campaign involving the purchase
British Police Detained By Japanese
Shanghai, June 28 The Japanese Naval Landing
of some 1,254,000,000 ounces during Party, which has had a permanent DARROW THRUST
the next six months, has aroused widespread interest, but, Treasury discuss the oicials refuse to question of silver.
the
station in Hongkew stuce. Shanghai Way created consterna- tion throughout the district of Hongkew late last night when, after an argument following an
ounces, but lor struck a Chinese woman, the
The Treasury, st present, is aa-
thorised to purchase sliver ex incident in which a Japanese saiz
ceeding 1,000,000,000
Since sterling and the yen are off gold and silver is moving up it cannot, at present, be definite-Japanese nayal authorises detal ward the position is reversedly determined whether it will do ed Chinese exports have declined and so. there is a serious adverse balance of trade necessitating the export of treasure.
'TREASURY RETICENCE
two British police officers, Sergeants J. W. Bellamy, and D. M. Ferguson, at their headquarters.
The street scene prior to their detention in which many Japan- ese and Chinese participated, at one time promised ugly develop- ments.
The Treasury officials have de- The evli is accentuated by the clined to comment on the state- drain of silver, from the interiorment of Representative Dies that to Shanghai owing to general in the Treasury has already bought security. Thus a shortage of cur- 75,000,000 ounces of allver The
Sergeant Ferguson was released rency is threatened with a further | Treasury has consistently declined
at midnight, after the Commis- decline in prices.
to reveal the figures of its pur-loner, Major F. W. Gerrard, has China must restore her internal | chases, and, as moOSÍ silver te
visited Japanese officials. conditions to enable foreign capital purchased by and paid for, from to again flow freely to China, the the stabilisation fund, the figures article concludea-Reuter.
do not appear in the Treasury statement.
SILVER MARKET
(From Our Own Correspondent)
'London, Jans 28. London silver prices to-day were up five-sixteenths, as follow:-
June 27 June 28 Spot....... 20.7/16 204.
+
daily
The Treasury intends to begin purchases from exits of the gen- eral fund some time in the fu ture, and its acquisitions of all ver will then be shown daily.- Reuter.
SILVER BRUKERS WARNED
The Commissioner of Internal Revenue has warned United States
silver brokers, who are holding
Forward 201 20.13/18 long positions for holder outside The London on New York cross-the United States, to procure. im- at 2.00 p.m. to-day was mediately aworni statements by 5.05-3/15 as compared with 5.04 at their clients covering. the facts closing yesterday,
Shanghal June 28. Shanghai passed thruogh`an- other oppressive day, although the temperature was only 101.5 com- pared with 102 degrees yesterday. } rate
The high humidity made it one of the most taying days since the commencement of the heat wave and there werd more cases of prostration than on BAY other day.
RECORD HEAT IN NANKING
Meanwhile, the thirty-year heat record for June was broken in Nanking when the mercury topped.
The present state of the parties 100 degrees. is as follows:—”
Farmers the districts round
The United Ireland Party (Blue the capital are faced with the Shirts) 57 seats.
Fianna Fail (President Eamon De Valera's Party) 44 seats,
Other parties, 18 seats. The final results are not expect- ed for some days.
The first returns, indicate the likelihood of the ultimate result, broadly reflecting the position in the Dal, where the Government (Farina Fail) is practically depen- dent on the support of Labour. Reuter.
LORD MAYOR ADMITS KING
Ancient Custom Observed
spectre of ruin and starvation owing to the protracted drought, They are praying and burning incense for rain.
Many farming households” are. likely to be completely ruined' should the dry spell last one or two weeks longer. Reuter.
THROUGH RAIL
SERVICE
One Train Daily
BRITAIN'S AIR DEFENCES
Inadequacy to
Remedied
London, June 27. Mr. Stanley Baldwin's recent assurance of the Government's determination to secure parity in the air with ony country, within tariking distance of Great Britain. was repeated by the Air Minister, Lord Londonderry, in the House of
Lords in reply to a speech made
by Lord Mottistone,, urging the re- medying, of the inadequacy of the air defences of the United King- dom
"
Lord Londonderry added that as it could no longer be hoped that an international convention could the solve problems of Europe, Government had decided that it could no longer delay the steps necessary to provide adequately leased by the Japanese Legation for the air defence of the United this morning, and states that as Kingdom.. the result of careful consideration,
Shanghai, June 28.- An official summary of the 'through ; rail agreement was re-
PLANS FULLY ÜNDER WAY
They regret that up to the pre- sent it has not been possible to make further progress in this mate ter, but they will welcome an op- portunity of resuming the discus- ston whenever it may appear that
London, June 28. present .conditions have so far Large crowds lined the route and passed away as to afford favour-warmly cheered Their Majesties able prospects for a settlement and the King and Queen, who drove | July, 1, under the management of the Air Force or the lines on which Palace this the Eastern Tourist Bureau, which it would proceed, but there was
has been organised at Shanhai AD need for kwan.
they are sincerely anxious to re- from Buckingham nove from the sphere of contro- versy all or any matters which miht disturb the harmony of re- latons between the two countries." --Bitish Wireless,
i
COMMENDED BY PRESS
London, June 28. Th arguments in the British War Jebt Note are generally com-
In the comments this morning.
the
morning to the city where King opened the new building of the Chartered Insurance Institute.
In
ancient accordance with
the Chinese and Japanese au thorities have reached a decision It was impossible at present, he to operate one train daily from said, to give the definite nature of the contemplated expansion of Peiping and Mukden, commencing
||
Mr. Yin Tung. Managing Dir- ector of the Paking-Mukden Line. usage, His Majesty was met at the said that the recognition of the
Manchukuo so-called
Was
not
apprehensions that the plans and arrangements were not full under way.
8...
AT N. RA.
General Johnson Shoots Back
Washington, June 28. An outspoken retort to the cens second instalment of Darrow report has been forwa to President Roosevelt by Genensh Johnson, NRA Administratap.. who declares the charges typical of unfairness, umaruth. in. temper and spirit, and utter worthlessness in a report
is accumulating to
Byldence
Sergeant Bellamy was kept at that the "Darrow Board the naval headquarters until 4.30 high office not to per form its funetion in abowing de our errors but solely to manufaq- ture false material for any politi clan or demagogue ready enough to use this kind of politient enin ng honest money.""
It is reported that the Japanese ILTE bringing charges against Sergt. Bellamy for drawing his re- volver.
BELLAMY ASSAULTED**
It is revealed that Bellamy was refused the use of the telephone at the naval headquarters, and when he tried to use the police street phone he was set upon by Japan ese civilians who kicked and struck him.
draw his pistol and
Bellamy
which must be shown upon liqui- forced his way to the phone, but dation, if liquidated after Beptem-was unable to get connected with Hongker Station, and returned to ber 1.
Until then, if it is impossible to the Naval headquarters. obtain a memorandum sworn to by En route, he was again set upon the owner, the broker must pre-by Japanese and kicked and beat- pare a memorandum on behalf of en-Reuter.i the owner if the contract is to be
Equidated-Reuter..
U.S. STRIKE THREAT
Woollen Workers To Walk Out
Washington, June 27. A strike of 75,000 workers in the Woollen, industry in the New Eng land States is threatened on Monday,
The unions demands include the restoration of the 1929 wages
level, a reduction of hours to not more than 30 hours a week, and a representation on the wool and textile Code authority...
A most significant facs In the report, is the Board's statement to the Fress at June 23 that. 600 complaints have been received in the past three months. General Johnson says that some of theat which have not yet been approved.
are in connection with": "Cloder
Over 2.500.000 concerna operating under the Codea. ratio of complaints, therefore, 8 to 25,000
The reply categorically ret the lengthy criticisms Flavelled the various Codes Renter
The second instalment of Darrow report issued on June characterised as urate, unrelsom able and autceratie the “surrent inity, sltering corts N.R.A. Goden – between they were ratified by the #nected and the time promulgated by Preside
CROWN IN UGLY MOOD
Shanghai, Later. Following the release of Sergeant Bellamy from the Japanese Nitral Party's sub-station, there" wir a further nasty incident outside the criticant was obvionet Hongtew Police Station which directed against General Hugh nearly led to a serious disturbance Johnson, the Administrator, as the Several foreign police were ac- report contained such expressions
"military commander. companing Bellamy pack to Hon as a
when kew Station
attempt irresponsible dictatorship.”
The Review Board, of which Mr. was made to again attack him, but Bellamy was placed in a riesha Clarence Darrow, a veteran lawyer, and escorted by comrades who hur- is the head, was set up to make ried to Honkew Station Tollowed by certain investigations in connec-. Hon with the working of the Codes. the crowd in an ugly mood.
an
Upon arival at the Station, went inside and the Bellamy crowd attempted to follow, but a strong line of police guarded the gate and kept the mob back.
FERGUSON KNOCKED DOWN
During & stuffle en route to the knocked Station, Ferguson was
MR. HENDERSON AND LABOUR PARTY
London, Jme 28. Mr. Arthur Henderson has de- Mr. Blanchard, Deputy NRA down to the ground and bad his finitely resigned the sarretaryship administrator. has asked that the gun taken from Him. Subsequent of the Labour Party, although he strike be called ox, pending the ly the Japanese police members of is still prepared to continue the creation of an industrial relations the landing patrol managed to treasurership of the Party and to board, but the union organiser, disperse the crowdĆ from the act consultatively with the "elder Mr. Joseph Silver, holds out Ittle station gates-Reuter,
the strike can be hope that evolded-Reuter.
+
SHIP CAPTAIN FINED IN SHANGHAI
Collision-Due To Negligence
Shanghai, June 28.
Earlier, when replying to Lord Elibank, Lord Londonderry em- phasised that the Dominions and City of London boundary and ad- mitted by the Lord Mayor, who, involved because, the Chinese and
Government felt it incom- the having received the pearl sword
Japanese tourist agency was sharpatible with the self-Government from the sword-bearer, advanced ing equally the management of all, that any attempt should be Holding that the collision be
of each, and, in the interests of menda by the London newspapers and, lowering its point, surrender- through traffic..
a' central, de- | tween the Chinese: steamers ed it to His Majesty. The Lord
Lieut. Shibayama, the Military made to establish
fense force for the Empire, put Tsingen and Fuchow near Klang- Attache, expressed
every effort was being made toying on January 17, which caused Lorty of the Fuchow's passengers, was due to the drowning of
negligence" on the part of Cap- tain Liu Pei-sheng, of the Tsingen, he was fined $1,000 by the Shang- |hal District Court yesterday.
The Daly Telegraph" describes Mayor and members of the Cor- the log of the points emphasised poration after performing this act as unaswerable and urges that, of fealty returned to their car- an imisse having been reached. Tages and proceeded in the Royal It is the to get down to hard procession-British Wireless,
facts a discuss the realities of the issuen a friendly conference. This merally represents the views of 108% of the newspapers." News fin Washington indicates that the ritish. Note has been published the American news- papera witout comment by off- cials or PLs.
Observershelleve that the "ques- tion of waldebts payments will be suspende until Britain ad- vances de proposals.-Reuter.
"FACTOR EXPLOSION.
SHUNTTEN PIRACY
Junk Seized And Crew Arrested
Identified
Tientsin, June 28.
satisfaction
at the conclusion of the agree-
meat and voiced a hope that it link the Air Force of the Empire
would lead to the furtherance of the friendly relations between China and Japan-Reuter.
CHANG HSUEH LIANG'S INSPECTION TOUR
Hankow, June 28. Marshal Chang Hsueh-Hang re-
by the registration turned here by air at 6 p.m. yes- number one out of the Eve junksterday, from Huangciruen after in which Bhuntien pirates decamp-
an inspection tour of the Hupeh- ed has been seized at Taku and Honan border. the crew arrested.
as closely as possible-Reuter.
SERIOUS FIRE IN TURKEY
Part of City Devastated
| Zau Yung-sen, the other Tsingen oficer, was Aned $800, and both were ordered to pay $10,000 com- pensation to the owners of the Fuchow-Reuter.
NO INFORMATION TO JOURNALISTS
Istanbul, June 28 Four persons are reported to
About The Church Dispute The Young Marshol was inter- have been burnt to death, over -The men are being examined to
viewed by General Liu Chen-hua, three hundred are homeless, and
Berlin, June 28. determine whether they are In-Commander-in-Chief of the bandit a quarter million pounds damage volved.-Reuter,
suppression forces, and ordere in resulted from a fire which de Reichsbishop Mueller has warn creased efforts for the suppression vastated a part of the residentialed the pastors that they will be of bandits who are reported to be quarter of the city near Dol guilty of high treason if they give holding their ground despite Gov-mabaatche Falace, where the Bhah further information to foreign ernment alr-pombing activities of Persia is the guest of Mustapha journalists about the Church dis-
Kemal-Renter
pute Reuter Reuter
Olympia, Waington: June 28. Eleven perso, including a wo- man and a 12ear-old boy, were killed, and sevil injured, in an at Hawke Prairie, eight miles to
north cast of Olympia, explosion whichrecked the fac the tory of the Den Power Company, teuter.
statesman" of the Party-Reuter
Tormenting headache which is frequently a consequence of great heateg
tion, anger, enchimment or excessive indulgence in tobacco or alcohol, renders human beings incapable for any of work. “Gardan' relleves it immediately.
But "Gardan" not only removes the pain, it also preventa.
path. Therefore take Gardan' In
ure even in cases of slight altion; the pain will be nipped in the bud and you will be spared unner- essary suffering,
BAYER
GARDAN