HONG KONG DAILY PRESS, THURSDAY, JULY 25, 1935.
ITALY'S DISPUTE WITH DUTCH CABINET GUILDER DEVALUATION
ABYSSINIA-
Press Attacks Against Britain Resumed
FEELING AGAINST JAPAN
Rome, July 24. her intention clear. For the mo- The British Cabinet's alleged ment Japan is content to watch decision to authorise the.exporta- | developments calmly, but with the tion of "arms to Abyssinia, has utmost caution.— caused the Italian Press to re- sume its attacks against England with renewed vigour.
tcenter.
AGREEMENT REACHED
London, July 23. As a result of exchanges which have taken place it is now authori-
"If the unanimous Press reports. reaching here from England, re- garding the lifting of the arms embargo are true, Italy must certatively, stated that close agree
tainly regard. this as a markedly hostile act by England," declares "Giornale d'Italia."
"The Italian nation will there- fore know that England has armed hordes + of Abyssinian slaves against the civilised Italian peo- ple. and will likewise know that If Abyssinia's insolence increases, the responsibility for this will rest to a considerable extent on Eng- land,"
A warning that the British Gov- ernment by its attitude to the question of the exportation of arms is creating an important in- ternational.
precedent 15 also
sounded by the paper Transocean Kuo Min
11
ITALIAN LIMITATION
Paris, July 24. The date for the convocation of the League of Nation's Council will be definitely fixed during the conference between the General Secretary of the League of Na- tions, M. Avenol and Premier M. Laval, to-day.
ment exists between the French and British Governments in re- gard to efforts they are making to obtain a peaceful solution of the Italo-Abyssinian dispute. It is widely hoped that at the League Council meeting which is to be held next week, thorough ventila- tion of the issues involved will reveal the lines upon which such a solution may be sought.
It will be for members of the Coun.cli to decide
upon their agenda but while the incident at Valual will in all probability be the first dealt with it is considered almost certain that the Council will thereafter desire to consider the dispute in all its aspects. British Wireless.
INEVITABLE
Dutch Cabinet Likely
To
(Special to the “Hong Kong
*78
Daily Press")
Resign
Telegraph, Copyright. Tele graphie Mariager Ordinance. 189 Raceived. July 25, 1-0)- p.)
depreciated. The Italian Govern - ment intends replacing its gold reserves as soon as possible, it is explained.
The Government will exert con- The Hague, July 24.
tral Over the exchanges and When the chamber met at 9 through a quota system will be o'clock Premier Collin opened the enabled to defend the lira prompt- session with a speech on the new if it is attacked. Dr. Colijn. Dutch Premier, whose political situation created by the Beuter. Cabinet is likely to’resign conse÷¦‚attitude taken up by the Catholles, quent on opposition over the which is the largest party, on
Economy Bill vote.
Tuesday afternoon.
Add t
SILVER MARKET.
(From Our Own Correspondent)
London, July 24. London Silver prices to-day were unchanged as follow:-
Spot
July 23 July 24 .30-3/16 30-3/16 Forward
30-5/16 .30-5/16 London on New York cross rate a 2 p.m. to-day was 4.9525 com- pared with 4.9612 at closing yes- terday.
RISE IN PRICE OF TIN
Questions Asked In Commons
London. July 24.
MISSIONARIES WARNED
London, July 23. Missionary societies in London have been warned by the Govern→ ment that British missionaries who are scattered in very remote dis- tricts of Abyssinia should be ad- vised to concentrate in the neigh- | "It is now certain that the Lea-bourhood of Addis Ababa. Mission- gue of Nations Council will baldaries affected, with their wives a meeting at the end
this and families, number less than a of month and only the question of hundred, and if they desire that restriction of the session's dura- their wives and families should tion remains to be settled, de- leave the country sultable arrange- clares the Press on Wednesdayments will be made for their deing in the House of Commons morning, adding, however, that the parture main debate will be postp red till the end of August.
Participation of the Titans' is low regarded certain by official quarters here, asserts “Deuvre" although the Italians are said to demand assurance by the Powers that the debate will not extend beyond a malted scope.
that
It is therefore expected the entire affair will be tempor arily settled within
British Wireless.
EDEN'S TASK. -
London, July 23, It is expected that the Minister for League Affairs, Mr. Anthony Eden, will be the principal British delegate at the "League Council meeting which will seek to find a solution to the Italo-Abyssinian dispute on July 29.
The meeting promises to be one forty eight of the most far-reaching in its hours and that all discussions
consequences of any with regard to the application of Clause 15 of the League Covenant will be postponed till the League of Nations Council meeting at the end of AngUST.--- Transocean Kuo Min.
JAPAN'S ATTITUDE RESENTED
Rome, July 23.
A strong police guard has been placed outside the Japanese Em- bassy here. Feeling against the Japanese is extremely strong.
A virulent anti-Japanese press campaign has been developed by "Populo d'Italia, which says that
Japan's new attitude violently con- ficts with the Japanese Ambas- sador's recent assurance that
Tokyo had no political interest in Abyssinia.
"Japan's sudden sympathy for poor Abyssinia reveals Japan's aim to ..be unlimited political and economic expansion in Africa." declares this newspaper," as a new base for her campaign against Europe"
League's history. Reuter.
W
the
MEETING ARRANGED
Paris, July 23.
The meeting of the League of Nations Council for next week is now definitely agreed upon by the French and British Governmenta it is semi-officially stated
The exact date will have to be fixed by the president of the pected to arrive in Paris one day Council M. Litvinoff who is ex-
this week while the Secretary-
handled
General, M. Avenal is already here.
The Abyssinian question. It is understood, will be of the League Covenant which from the standpoint of Clause 15
determines the procedure in cases
of dispute before the, League of
Nations and if the League is un- able to
settle game it can, ac- cording to this Clause, publish a report and recommendations leav- Ing it to the discretion of other Reports of anti-Japanese de-members to take "the necessary
monstrations in several towns have brought а semi-official denial which says that the public exuber- ance is due to Signor Mussolini's latest pronouncement.
The anti-Japanese campaign has not, obliterated the anti-British attacks which have been pressed for several weeks.
Gayda, in an article in the **Giornale
d'Italia." cites the British Government's decision not to place an embargo on arms to either Italy or Abyssinia as proof of the, Anglo-Abyssinian solidarity. "Reuter.
ITALY ACCUSED
...
Tokyo, July-24. Declaring that the Foreign Office resents the Itallan press campaign, the Tokyo "Asahi Shimbun" spirit edly declares that the Italian press is deliberately trying to antagonise Japanese public opinion.
Italy is indulging in a clear and systematic plot to develop the Italo-Ethiopian dispute into 2
between general conflict
measures". Transocean (Kuc Min
EMPEROR'S BIRTHDAY
Addis Ababa, July 23. To-day. Hatle Selassie years old. After
is 42
guns had been fired, the birthday the Royal Balute of 21
celebrations began with the re- ception of princes, ministers and Room of the Old Palace, diplomatic corps, in the Throne
Replying to Sir Percy Harris
Dr. Colijn emphasised that the government had not asked direct ly for a vote of confidence but merely that the House pass the retrenchment plans by such a majority as to imply an expression of the Parliament's confidence. As besides the Catholics. the Socialists, Communists and several other small parties all intimated that they would not support the Government, Dr. Colijn saw no. course but to adjourn the House 30 as to reconsider the ftuation The President thereupon de- clared Parliament adjourned until further notice. The cabinet will decide to-day whether to offer the Queen their resignation or to pro- pose some other course of action.
As Dr. Colijn left parlament an Immense crowd cheered him to the echo, shouting "lang Live Colija."-
Trænaneran Rua Mia
DEVALUATION FAVOURED
The Hague, July 23. It is generally believed that the devaluation of the guilder is in- evitable because the majority of the Second Chamber favours this atép.
It is learned in Parliamentary circles that Dr. H. Colijn, the
. Yesterday's sudden rise in the Prime Minister, will advise the price of tin evoked lively question-Queen to call on the Catholic leader, Dr. Salberse. to form a new Government. But it is expected there will be difficulties in his way as it is unlikely that the powerful Social-Democrat will co-operate with the Catholles
It
LIRA RALLIES
London, July 23. The ura which depreciated to 654 following news of the Italian Government's decree regarding note cover, later rallied and closed at 81.11/10.
British Wireless.
EFFECT ON MARKET
London, July 24.
The erratic movements of the guilder have been a feature of the Foreign Exchange market to-day. Speculators were surprised by the refusal of the Roman Catholic party to support Government and offered gullders heavily at a rate
to 7.414 weakening from 7.332 while the three months forward rate is now at 25 cents discount compared with 12 cents 'at the opening...
bank Raising the
rate from three to five per cent, and the news that the cabinet postponed its decision whether to resign or dissolve caused
}
Courvois
DODWELL & CO., LTD.
Sole Agents.
Tel. 20636.
EXPLOSION IN GERMANY
Disaster In Great Chemical Works
Frankfurt. July 24.
Queen's Building.
BRITISH NAVY STRENGTH
Review Evokes Comment
London, July.34.
Mr. H. C. Bywater, Naval and
Wild panic followed the ex- speculators to, plosion and fire in the works of LG. cover hastily, the rate recovering Farbes, Germany's greatest chemi-¦Shipping Correspondent of the to 7.371, but the, underlying senti-cal concern in Hoechst, as a result | “Daily Telegraph," writing in that ment is still pessimistic as regards įot which two men were killed and the future of the guilder.
fourteen seriously injured.
British control is keeping francs and the lira steady, but so far there are no signs of any inter- vention as regards the guilder Reuter:
*CLEARING DOUBTS
85
cover.
Journal says he understands that at the expiration of the London The explosion of a cauldron of Treaty in December 1936, Britain acetic acid started the fire. Eigh-will immediately begin to build up teen workmen in the building fed to the strength of sixty cruisers for life, but some were caught in
instead of fifty to which the Navy the fire and other explosions has been restricted. followed,
Rome, July 23.
The roof of the building was. To remove any misconception blown sky high. The inhabitants which may have arisen concern-of Hoechst, which was devasted in (Lab., S. W. Bethnal Green) and
ing the suspension on Monday of the great munitions explosion in Capt. Ian Fraser (Con... N. St.
the statutory farty per cent gold 1816, ned in their night clothes to Pancras), the Secretary of State
cover behind the lira, an official Frankfurt, but the police and are for the Colonies. Mr. Malcolm MacDonald sald he was informed
statement issued on Tuesday de- men persuaded them to return. The public galleries of the Lower clares "The measures taken yes-
Sixty firemen took three hours to sufficient that the Buffer Pool had Chamber were crowded in expecta-terday concerning the Hiras gold extinguish the flames.-
tin to meet normal tion of a vote which would be cover, do not effect its currency. Reuter, demands in the near.. future critical for the Government, and value. As soon
isunderstood that a meet-possibly for Holland's currency, to-Italian Government will restore. possible the
ANOTHER REPORT ing of the Buffer Committee night. At the outset, Dr. Wester-
Frankfurt, July 24. the forty per cent gold will be held in a few days to con- man, said that if the Government The measures just taken are neces--
One workman was killed and sider the situation. The Malayan did not devalue its currency it sitated by several urgent foreign which destroyed one of the build- eight seriously injured. In a fire and Nigerian representatives on would have to take effective payments, aggregating 500.000,000 ings where the process of acetif- the International Committee and Metsures to protect it. Severeras. the Buffer Committee were fully control of foreign exchanges was the Italian Government altered which forms part of the German meet its obligations, cation was being carried on and aware of the importance of pre- essential to parry any new attack the law concerning gold venting any shortage of tin. on the guildex. he declared.. A Through this measure the Govern- Hoechst near here.
cover. Dye Trust's gigantic factory at Sir Percy Harris suggested that divergence of views was indicated ment is able to the International Committee had by subsequent speakers.
discharge all fuctuations in tin and urged the some responsibility for the violent
obligations for the past, present advisability of appointing a com-
and the future.
Through the supervision of the mittee to enquire into the whole
Currency Institute and the Office working of the Tin Committee and
for Trade Quotas, steps can be the whole operation of interna-
taken to protect the lira against tional control.
any possible attacks. The foreign Payments, that the Italian Govern, ment has to make, concern materi- als bought abroad."--- Transocean Kuo Min:
DOUBTFUL STATE
The state of the Government became very doubtful when Dr. Salberse, the Catholic leader, an- nounced to the Chamber that his party was unable to support the Mr. MacDonald in reply said motion of confidence 111 the that he thought the facts poxe Government economic policy. The national Committee was formed votes out of the Chamber's 100. for themselves. Since the Inter-Catholics, who have twenty-eight auctuations had been considerably had hitherto supported the Gov- ernment and were represented in Mr. David Grenfell (Lab., the Cabinet by the Ministers of Gower) enquired as to the possi-Justice and Defence and Economic bility of fixing a price lower than Affairs.
£233 per ton which was too high. Tense "Mr. MacDonald replied that it Catholic was a matter for the International Finally, Dr. Collin decided on ad- fournment of the discussion, which ing of the Cabinet was announced was agreed to, and a special meet-
for to-morrow morning.
reduced.
Committee
Bir Percy Harris' request for an Mr. MacDonald did not reply, to
enquiry.- Reuter,
NO PLANS FOR MEETING
London, Jul 24. Reuter learns that no plans so far have been contemplated for summoning a meeting of the In- ternational Committee.
Official quarters are not believed to be disturbed by recent events or by alarmist reports that stocks are rapidly depleting, but the situation is being watched, and should the real interests of producers or can- conveyed all the diplomats greet Bumers be affected, a meeting ings to the Emperor, while "thecould be summoned within about Italian Minister, Count Vine, and ten days. bis Legation as well as the Con- Reuter. sular staff failed to appear.
The Belgian Minister of Aussens
A telegram of congratulations couched in the warmest terms, was
The demonstration is due to the received from the Emperor of given omcers permission to serve Anierican Government having Japan, a fact which is regarded in the Abyssinian Army as well as by political circles here as of viding new material for the Italian
her assurance of aid from the great significance as well as pro-American Red Cross. anti-Japanese Press campaign,
"LONG LIVE AMERICA" coloured and white races, and in A striking incident occurred as this way is endeavouring to force the American Charte d'Affaires Britain and France to protect the returned from the reception into Italian policy,
town, where in spontaneous out Japan, says the "Ashal" is tak-break of enthusiasm, a large crowd Ing precautions. She will not play surrounded his car waving fags her hand until after Italy has made and shouting Long live America”.
the
That Britain fears a large scale Italian air raid on Addis Ababa is evidenced by the fact that the Legation authorities have already provided elaborate safeguards against bomb attacks, and have urged all British subjects, especial ly missionaries to leave the coun try Transazenu Kun Min
scenes followed the leader's announcement.
It is expected that the Cabinet will either resign or announce the dissolution of the House Reuter.
OFFICIAL EXPLANATION
Rome. July 29. Official circles explain that the temporary suspension of the law concerning gold coverage of notes does not mean that the lira will be
1)
To
BERLIN MARKET
Berlin, July 23. The lira, though quoted where very much lower than on else-
Monday, was unchanged, the Ber lin division "market giving 20.43 which quotation is however rather reichsmark equal to 100 liras, of a nominal character.
Italian banknotes however, de- clined from 19.90 to nineteen which Teichsmarks,
equals 100 Bras.
This weakening of the lira seems more pronounced in view of the fact that other currencies are firmer, the Dutch gulden improv- ing from 168.10 to 168.20, the dollar 2.479 to 2485, while the pound sterling, rose from 12.305 to 12.33.—-
Prunanesan Kuo Min.
INDIANA LABOUR TROUBLES
Strike Called Off
Terra Haute, Ind., July 24. The labour leader. has called off the general strike which necessi tated the calling out of the Na tional Guard and proclamation of martial law,
·BELFAST RIOTS
(Special ts "Hong Kong Daily Prem”)}) (By - Telegraph, Copyright, / Talo graphie Meizüges":trðinamos. 1893. Received July 24. 7-30 p.m.)
Belfast, July 24, The exaggerated statements that have appeared in the foreign press about "the orgies and violence" allegedly taking place. When the settlement was here have, elletted a strong protest nounced, the terms of which have from the Chief Justice of Ulster, not been disclosed, the crowd gir William Moore, who in a speech at the opening of the Bel- the factory where the trouble ori- rushed the National Guard outside fast Assizes pointed out thatginated Boldiers were compelled whereas the city population total to use the butts of rides and tear 450.000 inhabitants, only one ner gas bomba cent. was affected by the deplor able riots that took place**** Trancend Tea T
Aidred people
and macfial-1VE
GLIT
The fire started shortly before
Despite the formidable outward at. appearance of the 157 ships the Spithead Review, many mem ably impressed with the unduly large bern of Parliament, were disagree-
proportion of ships no longer effective and the deficiency in the heavier elements of aghting.
OT
The comparatively few modem ships and the enormous number of old non-combatant types. evoked, much comment. Out of - eleven capital ships compared. with sixty in 1814, the Nelson and Bood were the newest and sels of the Queen Elizabeth class over ten years old, while the ves
the speed of nominally 25 Inote were over twenty years old. · Also
was much reduced by additions of heavy armour.
of our cruisers, half of the When the London Treaty expires
destroyers and a third of the sub- This marines wit be ayer age.
midnight in a receptable contai-half ing inflammable liquid, and rapid- ly spread over the entire building. All available fire brigades were mobilised to fight the conflagra- is the chler basis of criticisms of the 'Anglo-German Naval · Agree-- tlon which finally was brought under control early on Wednesday ment, critics pointing out that all morning.
Germany's ships will be new.
Although material damage was considerable, the manufacturing plant was unaffected and produc- tion
can be resumed Immediately.---
·Pransocean Kuo -Jim,
almost
Instal a
Mr. Bywater says that there is: increasing support for Mr. Chi- chill's and Sir Roger Keyes de- mand for a naval loan" to repair deficiencies.~~~ Heuter.
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