HONG KONG DAILY
PRESS, SATURDAY, MARCH 9, 1935.
THE CHARING CROSS OF SOUTH CHINA
Hong Kong As An Air Port
During the past week, the name of Hong Kong has been mentioned several times in connection with her possibilities as 'an air port. It will be recalled that the memorandum on the Air Estimates, issued on March 5, stated that an experimental service to connect Hong Kong with the main Australian route to Bangkok will be begun in the near future.
News has now been received that the extension of the Im- `perial, Airways system from Singapore to Hong Kong is being actively considered and, in commenting on the matter, the aviation correspondent of the "Dally, Telegraph” mentions Hong Kong as "the natural Charing Cross of South China."
London, Mar. 8 Describing Hong Kong as the natural "Charing Cross of South China, the "Daily Telegraph" aviation corespondent says that
the extension of the Imperial Alr- ways system from Singapore to Hong Kong was being actively
considered. With it is bound the whole future of commercial avis- tion in China.
The French are working for an extension of the Paris-Saigon ser- vice to Canton, Experimental flights have been made and Sino- French relations in aviation mat- ters have recently shown mark- ed improvement. The Americans are planning to extend the Car ton-Shangha service to connect with the Paris-Saigon and
INCREASE IN
BUDGET
Japan's Expensive Navy
Tokyo, March 8.
ате
The Budget for the year 1935-36,
'
FUTURE OF THE DR. KUNG WARNS THE
POUND
Assurance Given
In London.
London, Mar. 8.
PUBLIC
China Currency Reports
Deprecated
The Chancellor of the Frche- quer, Mr. Neville Chamberlain, in
Shanghai, March 8 the Commons last night gave a
Dr. H. H. Kung, Finance Minis- confident assurance on the poster, issued a statement that the tion and future of the pound. The Ministry of Finance is constrain- fall in its external value, be
ed to warn the public against sald. had no relation to anything repeated circulation in the past that had taken place in Britain few days by a foreign Press and there was absolutely nothing Agency. purportedly on high in the "position which need give authority, of alleged particulara of Britain moments of uneasiness..intended currency measures. The The Internal value of the pound was
Government considers such unshaken. "It was very different rumours, for example as to the In that respect from the value of possible rates of stabilisation, as also experimenting with the Call-gold which had fluctuated to unworthy of specific denial, bus 10. forala to Canton service with big
is ridiculous to assuine for that flying boats via Honolulu, Midway
reason that they are to be Island, Wake Island, Guam and
credited. Manila Thus there is the danger of Hong Kong being left out in the airline system unless effective steps are taken..
The correspondent says that the Chinese Minister for Communica- tions is ready to welcome a Sino- British agreement for a joint com- pany to operate lines to the South from Hong Kong provided it is under Chinese control, and this must also be put on paper,
considerable extent. It was clear ly impossible to attempt in such efreuinstances to stabilise British currency in gold.
out or
They had on either side cur- rency anchored to the gold franc and dollar which were economic relations to each other France and United States had enormous hoardings of gold which gave them a dominating position in asking for a gold standard. If Britain were to anchor to gold and in consequence of the policy of one of these countries were Reuter learns that nothing is forced either to rid herself of known in London regarding the what gold she had or to put up report that Nanking has given the, bank rate. a serious state of permission to the Imperial Air-affairs might begin to arise. He ways to fly in Chinese Territory- did not believe that the British Reuter.
government were in a position at the present time to take risks or to put the pound at mercy of the franc on one side or the dollar on the other.- -British Wireles.
•
SALE OF THE RAILWAY
Manchukuo-Soviet Agreement
Tokyo, Mar. 8.
It is authoritatively understood calling for a total expenditure of that an agreement for the trans- Y.2,100,644,000, involving the fer of the Chinese Eastern Rail- issuance of bonds to the. amount way, the text of which has al- of Y.750,357,000 to meet the de-ready been drafted, will be initial felt in revenue, was passed by the House of Peers to-day.
Compared with the budget for the current fiscal year, the sum represents. ALIS increase
of
Y./8,511,000 The Navy Office tops the appropriations with V.530,193,- 000 followed by the War Office with Y.491.277,000, and the Finance Ministry with 7.463.813.000,-- Reuter
POSSIBLE FOES OF AMERICA
Great Britain And Japan
which
Washington, March 7. Alter, an animated debate, in Great Britain and Japan were mentioned as possible foes of the United States the Senate to-day approved an increase in the Army from 118.760 to 165.000
men.
ed at the Foreign Office on March❘ 11 between the Soviet Ambassa- dor, M. Constantine Yurenev, and the Marchukuo Minister, Mr. Ting Shih Yuan. The formal signature is expected on March 22. between Mr.
Notes will also be exchanged
Yurenev and Hirota regarding Japan's guaran- Mr.
SILVER MARKET
(From Our Own Correspondent)
London, March" 8. London Silver prices to-day were down 1/4 as follow:-
Mar. 1: Mar. 8. Spot
27-1/4 27 Forward ...... 27-3/8 27-1/8 London on New York cross rate at 2 p.m. to-day was 4.7812.com- pared, with 4.7437 at closing yes- terday...
BRITISH MINISTER TO VISIT NANKING
1 cial assistance which, friendly powers had proposed to render China in the form of an Interna- tional loan. declared the Finance Minister, Dr. H. H. Kung, in an interview with newspapermen' to- day.
However, he would not commit himself definitely regarding such details as the amount of the loan or the countries involved, and the terms governing the security for the redemption of the loan.
Dr. Kung declared that negotia- tions were still progressing.
"He attributed China's need for a loan to the world-wide economic "The government will take into Į depression and the policy of the account the best interests of the U. S. Government in purchasing country as a whole in formulating silver from foreign countries. its decisions and will announce | Reuter. them in due time through the appropriate channels"— Reuter.
HOME OPINION
London, March· 8.” Every pound Japan lends to JOINT SETTLEMENT
China gives her added power over Shanghai, March 8.
China and if she could advance Mr. Li Ming and Mr. Tsu Yee another loan to China without, co- Pel chairman and respectively of the Bank of China, it would mean a great advance to manager operation of the Western Fowers
have made a statement preciating the reports suggesting "Manchester Guardian."
deher "Eastern" policy, says the that financial circles in China have advocated a managed cur- rency. It is claimed that while there would be no difficulty in de- pressing the dollar to 17d., it would be difficult to peg it to that level without risk of further de- cline resulting in flight of capital from China, which even a credit of £20,000,000 would fall to check. --Reuter,
Naturally Nanking is reluctant to accept such terms and would prefer another international loan on the consortium principle of Great Britain, France and the United States joining Japan. This suggestion is bluntly depreciated and, though it has not yet been definitely rejected by Japan, it remains to be seen whether the Western Powers will "put polities before proat or whether China Shanghai, March 8. will be left to Japan's all too The National Government would embracing arms naturally be glad to accept finan- | Reuter
'INTERNATIONAL LOAN
HUNT'S
PORTS & SHERRIES
HUNTS
FULLRICH PORT
UNTS SHER
DODWELL & CO., LTD. Sole Agents.
Tel. 20636.
SIR MALCOLM SUCCEEDS
New Record At Daytona
܀
Queen's Building.
DISPUTE WITH ITALY
Explanation By Abyssinia.
PROF. H. A. GILES versities of Cambridge and Lon-sured mile on the north run, when peror Haile Selassie I in an inter-
DEAD
Authority on China
(Special Air Mall Service;
Landon, Feb. 18. Professor Herbert Allen Giles, one of the greatest authorities on the Chinese language and the Far
at Cambridge in his 90th year. East, has died recently at his home
He was the father of three sons,
Felphong March 8. The British Minister, Sir Alex- tee for payments by Manchukuo ander Cadogan, accompanied by and delivery of goods in settle- Bir Eric Teichman, is proceeding ment of the price for the Rall- to Nanking on March 11 and ex-all authorities on China. Two of way. Before signature the notes pects to remain there about a must be submitted by the Japan-month. ese Government to te Privy Cour-Reuter. cfl, for approval Reuter
MOSCOW REPORT
Moscow, Mar. 8. It is semi-officially announced that following the termination of
GENERAL STRIKE IN HAVANA
Havana, March 8. the six-hour deliberation between The general strike is attributed the Soviet representative, Koslov-to the Left Wing movement to skl, and the Japanese representa- accomplish the downfall of the tive, Nisi, relative to the tranefer Government and the" proclamation of the Chinese Eastern Railway of martial law is threatened.
to Manchukuo, a new accord was adved at and will be initialled decision to statke, there is a kell
In consequence of the tram car to-morrow, March 9 The Manhood of other transport organisa chukuo Government, before the tions following suit- end of this. morth and after the Reuter signing of the accord will thus become the legitimate owners of or the CER.-
Transocean Kuo Min.
During the debate, Senator Borah declared that he did not fear conflict with Britain Japan, and he believed there was no possibility of any conflict with Britain.
"Why should she go to war with" us when she secures everything she desires by diplomacy" he asked.
He declared Japan's policy "was not directed against the United States. Japan's programme" was "to extend into the Orient”-
LADY YOUNG'S® ADVENTURE
Struggle Through Dense Jungle
AMERICAN SURGEON'S
DEATH
Phoenix, Arizona, March 8. The death occurred here to-day of Dr. Franklin H. Martin, the distinguished surgeon - Reuter.
CREATOR OF PECHE MELBA
Death At Monte Carlo Of Famous French Chef
Senator Glass agreed with Borah that the United States was in no danger of attack But Senator Hamilton Lewis was more pessimis- tic. He asserted the United States must prepare for menacing de-
London, March B... velopments in the Orient where Lady Young, wife of the Govern- M. Escomer the famous che Japan's activities were dangerous or of Northern Rhodesia, who and creator of peche melba, has to the United States-
made Reuter."
a-"forced... landing near died at Monte Carlo aged 88. Zambest has now rejoined her Escoffier learned his cooking as
a boy at Nice and after the kit It appears that during a bumpy chene of the Continent had taught fight from Livingstone the comhim all they could he came to bass became affected and she few London.
PRESIDENT MASARYK'S
BIRTHDAY
Celebrations In Japan
husband at Lusaka.
them now dead-were engaged in the Consular service in China. The-
don.
Daytona, March 7,9 "If I hadn't had a darn good car,
[Special to the Hong Kong Daily I shouldn't be talking to you now,,
Press" (Copyright),] said Sir Malcolm Campbell when
Paris, Mar 7. interviewed by Reuter after break-
The exact position taken up by ing the record.
Abyssinia in the dispute with Italy "At one sprit, south of the mea-was set forth very clearly by Em-
the tyre treads started to go. I view granted to the special corres- Professor) Gues, who was Pro-hit a bad bump and salled through pondent of the Parke, Midi, stating fessor of "Chinese at Cambridge the air-for-thirty feet."
"Abyssinia sincerely desires peace. University untdi 1932, had devoted
The Government would not refpe practically the whole of his life to
the payment of Infjemnity- the study of China.
such 18 justified Abysstofa, b ever, is determined to settle dispute otherwise than bes allow to be sadded - responsibility for the Ualual Abyssinia would The average speed for the y-mit any violation of its Eastern frontier without ing kilometre was 276.180, and for the five kilometres, 288.474
exhausted all available means of average speed for the five miles arriving at a just and peaceful so was 251.396. All of these are relation to all questions involved a
For 30 years he Hved in the country, working in the Consular service, and from the first he was quick to grasp the intricacies of à language which, both in the writ ten and the spoken word, presents difficulties to most Europeans.
Within five years' residence in China he had written "Chinese Without a Tutor," which ran into
some of the dialects, he had pro- eight editions. As well as works on
duced 40 general books on China.”
He was the son of Dr. J. A. Giles, third sun, Dr. Lionel Giles, is De-rector of Sutton, Surrey, the dis- puty Seeper of the Department of tinguished editor and translator, Oriental Printed Books and Manu-whose "Key to the Classics" will scripts at the British Museum and be remembered by many school- Examiner in Chinese to the Uni-boys.
COMMODITY GAMBLING
IN LONDON
Mr. Runciman Replies At Commons Debate
London, March, 8. The Labourite Mr. David Green- fell opened the debate in the House of Commons on commodity specu lation. He said the sensational statements published in the British and Foreign Press created the utterly wrong-impression that a
British Stavisky affair, had been
discovered. "But things are not as they should be and we are con cerned with the damage inflicted on the city business people and British crédit, he said. Quoting
he was concerned nöt with in- dividuals but the fair name of the city of London. Be considered an investigation could do no good. The only question was the form it should take.
Mr. Runciman suggested that wide powers were possessed by the
Official Receiver, who would per
sonally make the fullest possible. investigation into the failure of the two companies concerned and everything appertaining to their business" We can get right down
"Sir Malcolm's actual time over the measured me was 1281 sec onds or a speed of 281.03 miles per hour..
This time gave Sir Malcolm an average speed of 276.816 miles per hour, compared with the old ̈re..." cord of 272:108
cords.
His
"I am so happy that he broke the record," said Lady Campbell, immediately after the times were announced. "But I am disappoint ed that he could not have gone faster."
OFF THE COURSE Sir Malcolm revealed that he had narrowly escaped death on the northward run
His tracks show that he came off the course twice and raced up into the soft sand below the dunes. With marvellous presence at mind he managed to keep the car under, control both times, but be admitted that it was aforst chat of hand
Despite this nerve-shattering ex- perience, he was steady as a rock when he arrived at the timing tower, to be swamped by enthusias tie friends and, greeted fondly by Lady Campbell
Reuter
PARACHUTIST'S DEATH
Holder Of World's
Record Jump
The Emperor declared further that Italy's abrupt attitude was Abyssinia was obliged to appeal to due to inaccurate information
the obstinacy of Italy. The Ein- the League of Nations because of peror denied that Abyssinie, is mo- blitsing. "Abyssinia desires only. one thing: to retain the territories
that belong to it and to recover those to which it is entitled by former treaties with Italy. These latter territories have been torn away little by little by s neighbour. Nothing will be lett... undone to. attain this goal by peaceful means. All we ask is that an impartial thirt "party should establish the fachs. We should be prepared to accept his decision and to carry out the award conscientiously even abould the award be contrary to all ex pectations and declare the Ital claims justified
Tansoccat KTOWAN
TROOPS ARRIVES
Home Mar 7 General Rodolfo Graziani who has just larided in Mogadiascio with the arst sections of the Peloritama division has been appointed ernor of Somailland and com der of the occupation trooO an official announcem step was foreshadowed ocean some days ago. has telegraphed cord the departing Cover
to the bottom of this episode, he graphic Manager Ordinance, 1894 well for the exert By Telegraph, Copyright, Tea havirig prepared sald
Beceived, March 8, 4.30 pm)
her
Copenhagen, Mar. 8commercial aviatio ohm Tranum, holder of the world's Italian
The famous Danish parachutist to be completely
figures, he estimated an additional half penny an ounce of household pepper gave proat or £1,500,000 Mr. Runciman suggested tant He urged the Government to until the whole of this process was institute a public Inquiry in the exhausted there was no need for circumstances and contended that a special investigation of an en- the close connection between tin, tirely new character. He said "record Inmp of 7,850 metres met dedded pepper and shellac was not ac shall see that the Investigations go about to attempt a new record,
his death in a tragle manner while ed for East cidental. There has been a kind to the uttermost limit, and added on Thursday afternoon at 1pm. off the course. With petrol nearly It was Escomer who first intro- for conspiracy against consumers tha the continent the "dread- exhausted, she was compelled to duced frogs to the British menu. for abnormally high profits for a ful |land in grass äfteen feet high and For a long time London diners few individuals.
ban
the machine overturned, she and raved about a delicious dish call" Was the Government will The Czechoslovak Legation yes her companion Dr. Kirby, both be-ed "la nymphe ala rose. that directors of jointst terday gave a reception in honouring temporarily stunned. Later They were very much surprised should be engaged in of the eighty-fifth birthday an- they struggled through dense when they discovered that they sea, to niversary of President Masaryk jungle and Hon, and mosquito in- had been eating frogs legs served
The Japan Czechoslovak Bociety rested country until they reached with paprika sauce. also celebrated the occasion at the the Locust Rangers camp in an Peers Club, while the newspapera exhausted condition. They gave great
He now little the worse for the adven-
of the
Reuter
to "the
Presidenti
British Warden
He invented peche melbe at a mone time when Melba was the toast
of the town, and he produced, the sweet.. as a tribute to her stora for the Borzd. dinner in her honour
Stavisky, which could an airplane, mounted, corruption, had been rup aviation ground
hage of
8,000
anyone say
Mr.
Runciman,
mon
thynot