GERMAN REARMAMENT
QUESTION
Alleged Disagreement At Geneva Meeting
(Special to the "Hong Kon
Daily Press"). " (By Telegraph, Copyright, Tein graphie Keziagar Ordinance, 1893- Keceived, April 16, 7.30 pan.)
Paris, April 18. The plan to have the League of Nations Council adopt the re- solution condemning Germany's rearmament is meeting with con- siderable opposition, according to
Press reports here on Tuesday
which indicate that Poland, »Den-
cedure.
mark and Argentine are raising strong objections against the pro-
The special correspondent of "Le Matin" in Geneva states "It is no secret that several countries are not enthusiastic over the pro- posed censure of. Germany. Foland is opposed and so is the Danish delegate who is acting as spokesman for the Scandinavian block. Since the League Council's decision must be taken by un- animous vote it seems that the proposed resolution will have to be subjected to some modifications
to ensure its adoption.”
The Geneva correspondent of "Petit Parisien" reports that some countries are evidently not de- sirous of incurring Germany's dis- pleasure and for that reason they
wish to have erased from the re- solution any phrase calculated to hurt Germany's feelings.
Other papers state that the pro- posed resolution is also meeting
HONG KONG DAILY PRESS, WEDNESDAY, APRIL 17, 1935.
RESTRICTION
OF RUBBER
Successful Results Foreshadowed
London, April 18.
The Chairman, Mr. James Fair- balrn, addressing the Rubbar ed to-day. The private session Growera Association, sald the "summoned for this morning was restriction scheme must be given however, postponed to enable con time to settle down. He had no versations between delegates to doubt that, in due course, the re- continue on the French memoran-sults would be a fair and equitable dum..
price for an encient producer and
dividends for shareholders, and that consumers would be satisfied with steady supply at a reasonable price.
LOOKING FORWARD TO
PROSPERITY
British Budget Estimates
The
British
000 customs and excise £206,000,- 000 and minor items totalling £43,580,000.
London, April 15.
Official Budget introduced in the House of Commons by the Chancellor of the Altogether he estimated & re- Exchequer, Mr. Neville Chamber-venue, on the existing business of lain provides for minor adjust taxation at £735,580,000. This ments to relieve the budget of tax would leave a prospective surpins on smaller incomes, restoration of of $5,610,000. In view of the enor the remainder of the economy cuts mons ascal advantage which scad
salaries and allowances of civil erued to diesel engined motor servants, teachers and others and wagons, he proposed to raise the new duty on heavy oil for road duty on heavy oil in road vehicles vehicles, In presenting the ac- from one penny to 8 pence per Mr. Fairbairn prophesied that counts and his.proposals, Mr. gallon. Road vehicle duties pro- obligations undertaken by guaran- the greatly increased absorption of Chamberlain said, "Broadly speak-duced £800,000 more last year tors of the Locarno Treaty to its rubber consumption having roughing we may say that we have re than in the year before, and he principals, namely France, Bel-ly doubled between 1974 and 1934, covered 80 per cent, or, our pros- proposed to transfer £4,470,000 glumi and Germany. The text of it was not unreasonable to expect perity. Our task is now one of from the road fund to the Exche-
This a similar substantial increase in getting back the remaining 20 per quer.
raised the delegation is being formally
the surplus the available to £11,025,000. He pro- communicated to the two parties the next ten years. The supply of cent. without jeopardising to the treaty not represented at rubber would depend upon a num-confidence. we have already estab-posed firstly, to allocate £2,700,000
ber of factors including the con- Ished. Given peace abroad and a to the rellef of, entertainment tax.)
LOCARNO TREATY Importance is attached in des patches from Geneva to reaffirma- tion at Stress of the Anglo-Italian resolve faithfully to carry out the
Stresa.
The "Times" correspondent at Geneva notes that Locarno obliga tlons include an undertaking to take immediate action if armed forces are assembled in a demili- tarised zone. Attention is also being directed to the reference in the Stresa communique to the proposed air pact for Western Europe. The Stresa Powers agreed to continue active study of the question with a view to drafting mentioned in the declaration of a pact between the Ave Powers
London and of any bilateral agree. ments that might accompany it British Wireless.
LAVAL'S STATEMENT
Geneva, April 15,
•
In view of the evident mis- with resistance... on the part of givings of the Little and Balkan
South American States which are represented on the Council by Argentina Transocean Kun Min.
of new
tinuance of restriction
fair measure of unity at home, I plantings and therefore he ter- see reason why we should not vently hoped the governments con- during this current year, make a cerned would decide to renew the further substantial advance to agreement for a further period.wards prosperity and it is in that conviction that I have framed my Reuter.
budget estimate."
SILVER MARKET
(From Our Own Correspondent)
London, April 16. London Süver prices to-day were down 5/16 as follow:
THIRTY PEOPLE
G
Reviewing the results of the past year, Mr. Chamberlain said that the industrial output had increased by about 12 per cent. Manufactur- ing production had established a new record Exports were up last year by £30,000,000. Interest rates remained lower and there was April 15 April 18 great increase in the volume of Spot............. 31-1/4 30-15/16 capital work, particularly in new Forward...... 31-3/8 31-1/15 buildings. Throughou; « the year, London on New York cross rate the cost of living remained, sub at 2 p.m. to-day was 4.8600 com- stantially below the 1931 "level pared with 4.8512 at closing yes-Retail trade continued to expand There was no diminution in the thrift of the people, Post Office Savings Banks, and Trustee Sav. ings Banks and net sales of saving certificates having risen by nearly £50 millions during the year There could be no question that the improvement had been pro gressive and had now become sub- tantial. It was not without signi- ficance that this forward move ment had followed a succession of | balanced budgets. Nowhere else in the world could be found parallel to results they had achieved. The balance of year showed' an excess of revenue over expenditure. other than the sum applied to the reduction of debt of £19,905,000.
Ententes with regard LO Clause terday. Six of the Stresa resolution deal- ing with rearmament, of Austria, Hungary and Bulgaria, M. Laval, the French Foreign Minister, made a statement to-day.
COMMITTEE OF THREE “
Geneva, Apr 16. According to Information emanating from French quarters. a Committee of three will be ap- pointed in Tuesday's session the League of Nations Counci ment clauses in their respective
Bringing knowledge to the other Interested Government of the de- sire of the above three states to of obtain modification of the arma-
LE BOURGET
AIRPORT
which will elaborate the Council's peace treaties, said M. Laval, the To Be Enlarged And
draft resolution on the French protest against the introduction of compulsory service by Ger many. The Committee of three will Be
composed of Senor Madariaga, of Spain, M. Munch, the Darish Foreign Minister, and Senor Rinas, Vienna, of Chile Transocean Kua Min.
" PRIVATE DISCUSSIONS..
London, April 18."
The French memorandum
on
the German rearmament decree was the subject of private discus- sions yesterday "between delegates to the special session of the League Council. at Geneva, short private meeting
A
the
powers represented at Stresa had abstained from expressing any opinion regarding the substance of this desire, but had explicitly re- served this appreciation for the Government more directly con- cerned, with whom must lie the full responsibility for the coming decision. In the matter,
Modernised
(Special to the Hong Kong Dally Press") (By Talegraph, Copyright, Tsin raphie 'Meanages Ordinance, 181ā. Received, April 16, 4.30 p.)
Paris, Apr. 6. Work costing 16 million franes
PERMISSION TO BORROW In a statement about the Nation-
al Debt, Mr. Chamberlain recalled
by remissions of the tax on the cheaper seats, to make alterations- in income tax allowances that would give relfer to income tax payers at the bottom of the scale.
At present the Arst £175 of tax- able income was charged at one. half the standard rate. He pro- posed that the first £135 of tax-
able income should now be charged and, over £135 at the full rate of a one third of the taxable rate
4/6.
married taxpayer would be raised The personal allowance of a from £10 to £170. The present allowance of £40 for each child after the first would be raised to £50. Further, Hability for tax would be extinguished in respect of all incomes earned or unearned } « under £125. In a full year, these proposals would cost £10,000,000. but in the current year only
£4,500,000.
in the full year and of £4,500,000 The further sum of £5.500.000
in the current year would be ac counted for by the restoration, to civil servants and others, of the remainder of the cuts in salaries and allowances made during the crisis. This would leave him with a prospective, surplus of £500,000. British Wireless,
QUIET RECEPTION
London, April 15 Mr. Neville Chamberlain's Budget has failed to arouse any en- thusiasm in the City, which con- siders it merely typical of sound, conservative, British finance, and as such a step further towards restoring world confidence.
Thoroughly Reliable
The home **Wood & White" in n harte of whisky is an abesluta a ponents on the ball- melt out allvar. Et sanum that subdu dillarume in favour and pality which dužinğuldus the whicky from all others, it guysammen det máy the Beast marschke, he bent vand and that always everywhere the quality is the motto..
BUCHANAN'S
"BLACK & WHITE"
SCOTCH WHISKY
WORLD-RENOWNED FOR AGE AND QUALITY '
· SEKTEN MUST *BLACK & WHITE
HÉCT OLD SOZICE MED
FUTURE OF NATIONAL
GOVERNMENT
Mr. Lloyd George To Come Back?
London, April 16.. - him to their banner by adopting Parliament adjourns for Easter the most practicable features of on April 18 and reassembles on April 29. The closing day will be devoted to debate on Stresa
powers at Stresa was precisely to whereby the airport of Le Bourget that in April last, at the earliest learn that the British Equalisatipnotable omission"
RESERVED ATTITUDE He added that the object of the avold any solution of the question and issue, other than a contrac- tual one.
this
will be considerably enlarged and entirely modernised begins week. The take-off and landing Delds will have a length of 2,500 and breadth 1,400 metres when
possible date, be repaid £105,000,- bonds and £11,000,000 three per cent bonds drawn for redemption in previous December."
000 of four per cent. Treasury
reduction of the floating debt he
British bankers are gratified to Fund, or Control Fund, again earn- ed a profit, which was unexpected, in view of the extremely heavy attacks made upon sterling last year, which the Fund had to meet.
It is pointed out, that in face of the Continental monetary difficul-
the job is finished. The present To provide for those maturing. obsolete administration and cus-and to give a small margin for the tonis house buldings will disap- pear and will be replaced by new raised in April £158,000,000 by ties and uncertainties, together the issue of a three per cent, fund- structures equipped with every
with the ever-present fears of American financial experiments, ing loan, and in December he took sterling will tend increasingly to convenience.
advantage of the continued cheap become a refuge of international
panic capital:
ance.
the New Deal" and thus intensify the administration's national com plexion to secure the support off many Liberals who at present will not accept either Sir John, Simon's or Mr. Herbert Bamuel's.. leadership.
Reviewing the session, politic ians are of opinion that the Gov- ernment has largely recovered the ground lost over the unemploy ment relief fasco. The Budget is The Glasgow monster meeting also expected to enlarge the Gov was of a conspicuously nationa ernment's popularity. though a character. Mr. Lloyd George pro...**
in the Chan-mised to publish details of the cellor's speech was the expected New Deal" after a meeting of the reference to the inclusion of rural Cabinet sub-committee. He said workers in unemployment insur- the "New Deal" required only three tests: would it beneft the In reference to the National country, can we afford it and Government's future, it is believed would it interfere with ordinary much depends on its negotiations trade and industry? will Mr. Lloyd George when he It is generally expected that Mr. meets the Cabinet sub-committee Ramaay MacDonald will quietly which for several weeks has been drop out after the Jubilee. His studying the details of his "New eyes are troublesome. Sir John Deal." Well-informed Parliamen- Simon will remain and Mr. Sten- tarians say there is no question of ley, Baldwin" will lead, while Mr. Neville Chamberlain will be the real driving force, Reuter.
It is understood the declaration gives the Ententes complete satis- faction, as it has practically made Council was held in the late after them arbiters of the question at noon, but it was devoted to con-issue, though it was earlier stated sideration of the request of the
at Belgrade that the Yugo-Blavian Abyssinian Government that the Government was adopting a most Italo-Abyssinian dispute should be reserved attitude. and cannot taken at this specially convened understand why the great Powers meeting of the Council. It was proposed to tolerate the demands decided that the matter should of Austria, Hungary and Bulgaria come, before the next ordinary when
The Btock Exchange was they were tolerant of million francs. Every effort will 17 £44,000,000 of the remaining 3 session in May and that the French similar demands from Germany. - mentorandum should be consider- Reuter
be mad to have the alterations per cent. Treasury bonds. Since moved by the Budget, which gen-seat in the Cabinet, which Mr. Anished in time for the opening then 294,000,000 had already been rally coincided with expectations. Lloyd George does not really desire, of the great international exhibt purchased out of alaking fand the pay cuts to Government ser-
It is felt that the restoration of but the Government seek to attach
tion in Paris in 1937.-
money so that the redemption of vants including the Army, Navy the remainder, which took place Transocean Kuo Min.
FRANCO-ITALIAN AIR
*PACT
General Denain To Investigate
(Special to the "Hong Kong Dally Prem")
(by Telegraph, Copyright, Tele erophic. Messages Ordinance. 1804. Received, April 16. 1-40 p.m.} ["
Paris. Apr. 18.
GERMAN PAPERS BANNED .IN. ITALY
[Special to the "Hong Kong Daily Press" (Copyright.)]
A further expenditure, already sanctioned, will bring the total outlay for improvements up to 42
*
DUKE AND DUCHESS OF KENT
Return From Honeymoon Cruise
F
London, Aprli 16. The Duke and Duches of Kent arrived in London this morning by air from Paris on their
returni
money to give notice to draw for the redemption of one half, name-
Hester..
114-
to-day, would be carried out with- and Air Force, doctors on the In- out any disturbance of the market.surance Panel, judges, members of The net effect of these transacers, and the larger allowances, will Parliament; Ministers and teach- tions had been a reduction in the
tend to increase materially the nominal amount of the national popularity of the National Gov debt by £21,750,000 and of the ernment with the mass electorate annual interest charges by £1,- 650,000. The exchange equalisation account again, showed a profit. In view of all the circumstances. and if the laterest rates on treasury bills remained at any thing like the present he felt Justified. In putting a debt charge at last year's figure of £224,000,000. That ought to leave something available for debt redemption, but he thought it advisable again to for power to borrow for bur- poses of the sinking fund.
MISS JEAN BATTEN
IN RANGOON
Rangoon, Apr. 18. Miss Jean. Batten, the New Zeaż)
land airwoman who is on a sole
FRENCE STRENGHTENING
FRONTIER
(Special to the "Hong Kong Daily Press"}
Telegraph, Copyright,
flight from Sydney to England graphic Messager has arrived here and is conting-Received, April 16, ing her flight to-morrow: Heater.
Ordinance
Paris, Apr. 16. The strengthening of the gar sons along the French easter frontier le being continued. The fifty-drst heavy tank ttallo
SOME CRITICISM
London, Apr. 18. The Budget is praised by those benefiting from entertainment duty, income tax reliefs and re- storation of mary cats, but the for the Sinking Fund are criticised formerly garrisoned at Bourges.f
In. some, newspapera....
Heuter,
duties on heavy all, soya beami One
Rome, Apr. 15. Two leading German news- papers, both of which are noted for having maintained a certain degree of independence under the present regime in Germany, the Deutsche Allgemeine Zeitung and the Muenchener Neueste Nach- A Franco-Italian air pact wilk richten have been prohibited in- be the first practical result of the definitely throughout 'Italy. Stresa conference, according to Issue of the Voelkischer Becoac- the view taken by well-informed❘ hte was also confiscated— "quarters here. The French ......Air Minister, General Denain will pro- ceed to Rome early in May, to in- vestigate with the chiefs' of the Italian Air-Force what measures must be taken for, the realisation. of the pact- Tranioren Kuo Hin
INDEPENDENCE. OF
AUSTRIA
Rome Conference
Rome, April 16. The conference on Austrian in- dependence decided upon at Stresa has been officially Axed for May 20 at Rome. Invitations are being sent to Britain, France, Germany and all Buccession States, Heuteros
Tranzocena Kuo ilin
ANCIENT MONUMENTS OF GREAT BRITAIN
from their honeymoon cruise in the West Indies. After visiting their new London home this after- noon they will drive to Windsor Castle where they will spend Easter, with the King and Queen.— British Wireless,
GRAF ZEPPELIN RETURNS
Special to "Hong Kon Daily Press"?)
London, April 16. A list of scheduled ancient monuments of Great Britain of whith care is taken by the Office of Works on behalf of the Govern
(By Talagraph, Copyright, Tale ment now number over 4,000. The graphic: Massager Ordinance, 1881 monuments are of all kinds from Beceived, April 16, 7.30 pm) prehistoric camps, stone circles
Friedrichshafen, April 16. and barrows to remains of abbeys, The air liner Graf Zeppelin castles, bridges, etc, and even re- returned on Tuesday morning from latively modern buildings. They this year first round trip to are to be found in all parts of the South America. The dirigible country and the Omce of Works carried 21 passegers on her return employs nearly 500 men in the trip and covered the distance from continuous task of their preserva- | Gibraltar Friedric tion
the record time of 14 hours. Transocean
British Wireles
in
and the raid on the road fund are criticised by those interested in road transport, cattle raising and motoring respectively.
"Poor Man's Budget, was Mr. „THE- ESTIMATES
Neville Chamberlain's description Turning to estimates Mr. Cham- broadcasting from London last berlain said those for up- evening, but more general, opin- oly services accounted for the ion seems to be that it is a lower very formidable figure of £494-| middle-class Budget, HVA 325,000 and included – £10,500,- The "Daily Herald"; declares 000 extra for emciency in the that it is an electioneering, budget Army and Navy, and for an intended to catch the votes of two tcrease in the strength of the Air million income tax payers, while Force, and an additional £14,500-seventeen million working class 000 for civil and social services families get nothing except cheap
The total for ordinary expendier seats in the cinema, but this ture, including 2235,580,000 for view is not generally held accord- consolidated fund services was ing to the Times which 2729.970,000 and he proceeded to that ministeri indicate the measures whereby he view still as strong proposed to finanes this enormous general election will outlay. He estimated a yield from before 1938, income; LEXVOL 32237,000,000-20: £14,000,000 more than the 1934 ALLAL BY 891,500,000, death duties featu £60,000,000 stamp duties, 225000 road find
DEBATE IN COMMONS
London, Apr. 16.. The debate on the Budget pro- Dosals will begin in the Commons to-day: Parliamentary enta anticipatz smooth passage Bill in view of which it is propo
the Pyrenees, arrived at Verdun on Monday": Transpecan Kuo Nia
MEMEL STATUTE CONDITIONS
[Special to the Hong Kong Dagy Press" (Copyright);
Great Britain; France
have instructe
April 15.