FRANCE GOES "OFF GOLD"
Portion Of Monetary Law Suspended
France is officially "off gold."
Paris, July 1.
The Government's first action after securing the unfettered authority of both Houses was to make the franc follow the ex- ample of the pound sterling in 1931 by not pegging It to gold.
Portion of the monteary, law of October 1, 1936, which fixed the gold value of the devalued frane between 49 and 43 milli- grammes is suspended by decree in which it Is added there will be a new gold content.
The frant will be Axed sub-covering accounted for the initial sequently by decree.
Intense interest marked the commencement of dealings on the foreign exchanges this morning following the official decision to resume dealings.
steadiness of the rate around 123.00 but subsequently buying dried up and with speculators becoming more aggressive owing to the non-appearance of
oficial any support for the frane the rate "Free franc" first official quota-speedily slipped down to 129.00 was... 119.20 whereafter whereafter it Auctuated between fluctuated sharply until the pre- this level and 127.00, sent level of 123.00 which com- pares with 110.53 Monday's closing rate.
tion
Reuter
on
NOT MUCH, BUSINESS
Paris, July 1, The foreign exchange brokers werè, inundated with telephone Inquiries following the decision to. commence dealings in the "un pegged frane." The majority of the calls, however, have not re sulted in business. Some bear
London, July 1-King Carol of Rumania will pay a private visit to the British Isles during August The "Daily Telegraph" learns that the purpose of the visit will be for grouse shooting in Scotland. Transocean News Service.
ASSISTANCE
Well-informed circles are at pre- sent not inclined to comment .re- garding the future, pointing out that while the principles of M. Bonnet's rehabilitation programme are good a great deal depends on their application to Osaka- Reuter.
"BUYING PRICE FIXED
Paris, July 1. The gold buying price has been nxed at 28 959 francs per kilo- Beuter"
Amur Situation Discussed
(Continued from Page 1)
TWO SOVIET SÄILORS 'KILLED
Moscow, July 1. "Two Soviet sailors were killed and three wounded in the Soviet- Manchukuo clash on the
Amur River, according to a Tass Agency despatch from Blagoveschensk which states that a Japano-Man- churian cutter fired on a Soviet frontier gunboat in the vicinity of Býchevsky Island (Sennukha) on the Amur River:
HONG KONG DAILY PRESS, FRIDAY, JULY 2 1937.
WIMBLEDON TENNIS
WOMEN'S SEMI." FINALS
London, July 1. Mile. Jedrzejowska, who this year won the Queen's Club hard court tennis championship, to-day entered the Anal of the women's singles at Wimbledon when she defeated Miss Alice Marble, the American champion.
The first set was fairly evenly contested and went to fourteen games before the. Polish player won. Mille. Jedrzejowaka then took matters her own way and con- ceded only two games in the sec- ond set,
Mile. Jedrzejowska won 8-6, 6-2. In the other semi-final, Miss Dorothy Round, Wimbledon title holder f 1934, defeated Mine. Mathieu, of France, 6-4, 6-0.~~ Reuter.
EXTENDING POWERS OF REGENT
Budapest, July 1. unanimously adopted the Govern
The Hungarian Parliament has ment Bill regulating the election of a Regnet and extending the Regent's powers. The Socialists left, the hall before the vote was taken.
Trasteran News Service.
SPANISH WAR REFUGEES
Evacuation From Santander Raised In House Of Commons
London, June 30
The evacuation of refugees from Santander, which was the subject of a question in Commons yesterday, was again" raised this afternoon. The Foreign Secretary," Mr. Anthony Eden, salit he had since been in repeated communication with the French Government regarding the reception of further refugees in France and the setting up of the necessary measures of control. The French Government had the question under urgent consideration and hoped to be able to transmit the proposals this afternoon.- British Wireless.
&
RESISTANCE BREAKING
DOWN"
Bilbao, June 30. Continuing their advance along der, General Franco's forces yes- the road from Bilbao to Santan- terday occupied the coastal town of Gasthourdiales, 24 miles beyond Bilbao.
"
The Insurgents met with no re- sistance as the enemy had already evacuated the town.
Reports from other sectors of the Basque front speak of further auccesses."
The rebel captured important; north-west positions on the Manzano Helghts, of Valmaseda, and
several vilisega.
LARRECO. WITHIN ARTILLERY RANGE
OBSERVERS WITHDRAWN
London, June 30. Mt. Anthony Eden, Secretary, announced in the House Foreign
Portuguese Government of Commons to-day that "the
had
formed
in
the British Government that it had decided to discontinue the facilities granted for the pur- pose of carrying out the observa- tion scheme on the Portuguese- Spanish frontier.
Pending consideration of the naval patrol scheme by the Non- Intervention Committee, the Portu- guese Government will continue to observe its engagement respecting. the export of arms through Spain and in Portuguese ships proceed- ing to Spanish ports.
Mr. Eden said the British Gov- ernment had expressed regret at the Portuguese decision, but had been informed that if the plan for
This brings their advance guards and patrols to within three miles of the Santander provincial bor-restoration of maritime. control der.
were approved, Portugal will per- mit the resumption of the land observers' duties. Meanwhile, the observers will remain on the fron- tier, ready to resume their duties at short notice-Reuter.
The new law stresses the chief of States independence of Parlia ment and grants to the Regent the right to send back the bill adopted The village of Larreco, the seat by Parliament twice, each time of the Basque Government and within a month, for fresh con- military headquarters after the sideration. After the third un-flight from Bilbao, is now within changed adoption the Regent must range of the rebel artillery" sign the bill.
Wednesday also saw a resump- The new law also grants constition of rebel aerial tutional powers of the national suspended owing to bad weather- activity, Hungarian monarchy to the Transocean Newi Service. Regent--
NAVAL DEMONSTRATION
Paris, July 1 - Seven big warships of unknown nationality carried out a naval demonstration of the Spanish Re- publican naval base at Mahon (Balearic Islands) according to a London, July The Chancellor of the EX-Government, which adds that the statement issued by the Valencia chequer, Sir John Simon told the ships retreated after a short House of Commons he Following the return of fire by "gladly consider" the suggestion
would while.- churians opened artillery are from that "the Government "approach the Soviet post, the Japano-Man-made in the course of a debate. the Manchurian shore, on a Soviet the South African frontier cutter cruising near the and Soviet shore, damaging it. Two output of gold be temporarily re- Government
members of the crew
suggest in effect that the were killed gulated.- and three wounded.
Reuters Bulletin Sørvice. Reuter.
According to
OUTPUT OF GOLD IN S. AFRICA
STRIKE SETTLED
1.
FRONTIER FORTRESSES
Moscow, July 1.
despatches here FOR VALENCIA from the Far East Soviet Russian GOVERNMENT | frontler, troops in that region have
Indianapolis, July, 1. The Governor of Townsend has received orders to prevent under announced that the Inland Steel Warsaw, July 1. all circumstances, the erection of Co. and Steel Workers Organising Eleven million eight hundred frontier fortresses on the Man- committee have reached an agree- thousand francs out of the so-call.churian bank of the Amur river.ment by which 19.000 men will ed International Solidarity Fund Transocean News Service.
and a further 7,300,000 francs provided by French trade unoins exclusively have
been
ROYAL REGATTA
spent
in support of the Valencia Govern. ment according to an announce-
Hendley, July 1. ment made. at the International
The Royal Regatta opened to- Trade Union congress here attend-day, in dull weather the rowers ed by 46 delegates from 17 coun- meeting with a head wind. Four tries. In view of such a huge sum
of the eight foreign scullers were the delegates of various countries eliminated from the Diamonds. were surprised by the critical re- Only the American, Batea, hit the marks of the French trade union boom and almost fell from his leader, M. Jouhaux, who repri- boat. He was beaten by Finches, manded the International Trade of London R.C. Union League for not having suf- ficiently assisted the Spanish Reds. Transocean News Service.
SUPERSITITION TO BE UPROOTED
Canton, July 1.
The provincial Police Authori ties, who have been watching the
activities of the keepers of "joss"
· Hasenorhl (Austrian) second in the Olymples easily beat De Mille, Canadian sculler at Reading Uni- versity.-- Reuter
LOO SHAN
CONFERENCE
Canton, July.1.
It is reported that Civil Glover-
return to work peacefully to the Company's East Chicago Plant to- day. Rester.
Transocean News Service.
"NON-INTERVENTION - SCHEME A FABLE”
Rome, July 1.
An Important announcement is
RIOTING BREAKS OUT
Saragossa, June 30, It is reported, from Barcelona that rioting has again broken out in the Catalan capital,
Several shops were ralded and held meetings all night and de- plundered, while the Anarchiats monstrated against the new Cata-
Jan Government.
50
The result has been that three Government have resigned of the nine new members of the
other Ministerial crisis.- that Catalonia is faced with an-
Tran Ocean News Service
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NON-INTERVENTION Friendly Relations Between
COMMITTEE
made in an article in "Popolod Britain And France
Italia which it is understood was written by Il Duce and states that Italy will not withdraw her volun- teers at present fighting in Spain. The article adds that it is time to say that Britain's non-Intervention scheme is a fable which only fools can believe. "It also states that 1936 over 30,000 volunteers entered during the second six months of
Spain the majority of which were trom France.—' Reuters Bulletin Service
BRITISH CONSUL, AT BILBAO
London, July 1. It is officially stated that Dr. Piers has been appointed acting British Consul at Bilbao during the absence on leave of the Consul, Mr. Stevenson.-- Fransocean News Service.
· CROSS OF MERIT
Berlin, July 1. Chancellor Hitler has conferred the Cross of Merit of the Order of the German Eagle, with atar, on the acting president of the Inter- national Chamber of Commerce, SINO JAPANESE Dr. Fentoner von Vlistrugen and the newly elected President, Mr. Thomas John Watson, The decorations were handed over by the Reichsbank President, Schacht-
Dr.
сп
Transocean News Service,
FRENCH AIR TRAGEDY
houses and shrines for housing the nor Wu Teh-chen, Chairman of different idola, which are wor- the Kwangtung Provicial Govern- shiped by the ignorant and super-ment, and General Yu Han-mow,
Metz, July 1 stitious people, and which enable Pacification Commissioner and military aeroplance were killed All five occupants of the French the unscrupulous keepers to cheat Commander-in-Chief of and swindle the worshippers, have Fouuth Route Army of Kwangtung in the neighbourhood-
the when the machine crashed to-day "instructed the City Police to make Province will proceed together to Transocean News Service. » an inventory for all existing "jos Loo Shah on or about July 15 to houses and shrines with a view to attend the National Salvation their Anal suppression.
NEGOTIATIONS
Nanking, July 1
May Reserve Attitude
London, July 1.
If the Franco-British oker to close the gap in the Spanish Naval control, due to the Italo-German withdrawal, is not accepted at to morrow's meeting of the Non-In- France will probably reserve their tervention Committee, Britain and attitude towards the whole policy
of non-intervention.
Germany And Hungary
VON BLOMBERG'S VISIT TO BUDAPEST
Berlin. July 1,
German War Minister, Field Mar- The object of the visit which the
The British offered to undertake to Budapest, is, according to the shal von Blomberg, is now paying the patrol of the Spanish-Mediter- the "Berliner Volkserzeitung" to rancan coast thereby entahing strengthen the friendly relations great, expense and inconvenience between Germany and Hungary British patrol ships and some ir-shoulder during the Great War. and to accept neutral observers on whose troops fought shoulder to ritation was consequently felt by the Italo-German doubts cast on journey, says the paper, has no Field Marshal von Blomberg's the impartiality of British Inten-
connection whatsoever with the tions.
fact that the Hungarian nation is still denied the right to rearm by virtue of the military clauses-of- the Trianon Treaty but the paper continués-this observation cannot obscure the reality that, the dental of this elimentary right has pro- duced untenable" conditions since it is contrary alike to the princ-
Ven Blomberg ples of national honour and In- ternational morality. Hence, Field nation that Hungary may soon ac
quize her right to independence and equality of treatment
Tranean News, Service.
The raising of non-intervention would likely prolong the civil war through the free supply of arms to both sides by land and sea- Reuter.
HITLER YOUTH MOVEMENT.
Berlin, July 1,
Hau Shih-ying after his arrival from Shanghai called on Wark Chung Hu and reported details of his conversations at Shanghai Miss Hilda Yen, daughter, of the Marshal von Blomberg's "wisit to with Mr. Kawagoe Japanese Chinese Minister of Finance. Dr. Budapest is accompanied by the Ambassador, who is going to
HH. Kung, visited the camp of unanimous wish of the German Nanking on July 3. Later the Hitler Youth in Mecklenburg Mr. Kawagoe will return to where she spent some hours and. Shanghai subsequently proceeding the visit greatly interested her. to Tientsin and Peiping. Esa La She addressed the following
Immediate resumption of Chinese-mire the Hitler Youth movement complaining of ear trouble. He has message to the whole of the not yet withdrawn his resignation. Hitler Youth organisation: "I ad- Japanese negotiations is said to be very much. Its work is what unlikely
young people like and need. I hope one day Chinese and German youths will be able to exchange tokens of friendship with one an-
Beuter.
IRISH FREE STATE POLLING
SOVIET PURGE CONTINUES
Moscow, July lödakagen, Premier of
many
"Dublin, July The Irish Free State polling to
not only elect a new Gov- | 201
but will give verdict as
tion each elector: to the Hitler Youth camp in-wil be glyen two voting papers for cladis mensely and it has afforded me the purpose. Two fu
red andumerable sple very fruitful sugge
ons which seventy-four carid will be of benent youth."
Conference convened by General FARR WANTS TO FIGHT other I enjoyed my brief visit will be
Only by the strict suppression issimo Chiang Kai-shek.
of all such Idols worshipping places will it be possible to uproot
snforce the changes in district
Although it has been decided to
the superstitious beliefs of the administration from July 1, it is people.
Chinese Evening Prem
understood that such changes will be postponed until the return of Governor Wi Teh-chen from Loo Bhan
FALL IN RICE PRICES Chinese Evening Prat
Canton, July 1.
The entry of 4,000,000 plculs of
duty free foreign rice into Kwang- the other, provinces, the price of tung Province having been satta rice in Kwangtung Province 18 factorily effected, the rice short- gradually dropping, and age has been greatly relieved. Loved that the rise Owing to the arrival of regular will not be repeated cargoes of home-grown rice from Chinese Brening, Prest
rice prices
JOE LOUIS INSTEAD
OF SCHMELING
London, July 1.
Boxing circles, are astonished at an announcement made by Tommy Farr, the British, heayweight champion, to the effect that he threatens not to enter the ring for the planned world title hout against the German, Max Schmeling, but to fight Joe Louls, who last week knocked out Braddock in Chic
In a statement to the pres
Tibb stated that Farr waE
ter Kritchly had offered arr
would get twice as much
tead:
Broad
meling
Transocean News Benet,
nese Ave women, 1280 booths
a.m. til
opinion Valera
SOVIET LOAN
Moscow July The Soviet authorities have de cided to float a twenty year four per cent internal Ioan of 4,000,000) 000 roubles for consolidation of the
defence of Boviet Rusald
jaho
the
of Boviet republics
the reas that 25 Inst
organ for the
will follow al
draft be accepted, Counting of votes will start to that t morrow morning. First preference Magneto counts are likely to be known in tons the evening and the final results on The sel Wednesday and Thursday Reuters Bulletin Service.
through