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The
Supreme Court
FINAL EDITION
Hongkong Telegraph.
C. E. WARREN & CO., LTD.
China Building.
FOUNDED 1991 No. 14733
TJ AXXXF FRIDAY, JUNE 24, 1932.
日一廿月五
Tel: 20269.
$36.00 PER ANNUM
SINGLE COPT 19 CENTS
STRENGTH/
FORT
FORT NUDE
DUNLOP
The Turn of Ragged Strength
"South China Morning Post Bldg.” Tel. 24554.
DRAMATIC DEVELOPMENT OF LAUSANNE TALK
TENTATIVE ACCORD
BETWEEN
FRANCE & BRITAIN
MR. MACDONALD'S FOUR PRINCIPLES
HOPES RUNNING HIGHER
London, June 23.
HAS MR. RAMSAY MACDONALD SUCCEEDED IN WINNING OVER M. HERRIOT TO THE BRI
TISH REPARATIONS PROPOSALS?
This question was on all tongues at Lausanne to-day following
a long conversation between the British and French Premiers, culminating in a gathering of both delegations, which, in its turn, terminated in French agreement to discuss the issues with the German delega- tion.
It is widely reported that M. Herriot reached a tentative agreement with Mr. Ramsay MacDonald that
The Reparations Settlement must be final.
It must be of a nature to revive world confidence. Germany must not be asked to make any payments
now or during her progress towards recovery from the economic depression.
No future payments from Germany, if any, shall contain elements likely to upset normal com- mercial dealings after the manner of the huge- scale shifting of funds in the past few years. If the report is true and it comes from very reliable sources, a complete and satisfactory solution of the pro- blems of Lausanne has been brought appreciably closer.
FRANCO-GERMAN DISCUSSION TO-DAY
Important informal conversa : proceeded at once to the Foreign tions were continged to-day de Office and later appeared in the tween the leading delegates to the House of Commons.
disarmament | and reparations conferences at Lausanne Geneva.
When asked for information as and to the attitude of the Government towards the Hoover proposals, he were receiving jm- Interest at Lausanne was cent- said they red in an interview which lasted mediate consideration. Meanwhile two hours between the British and he had nothing to add to French Prime Ministers, Later statement he had made at Genera
the French Minister of Finance,) M. Germain-Martin had a long conversation with the Chancellor
FLUTTERING IN DOVECOTES
the
Sir John Simon Was in com- with some of his Mr. Walter Feolleagues this afternoon and to. will attend Cabinet Runciman and all three then join! morrow.
of the Exchequer, Mr. Neville manication Chamberlain, and
ed Mr. Ramsay MacDonald and M. meeting. It is expected that he will return to Geneva later in the IIerrlot.
The following communique was week. Inter issued:-
col.
The French Premier, M. Herriot, will also meet his Cabinet "Conversations between the Hi
leagues to-morrow, arrangements tish and French delegatius were continued in a useful and friendly having been made for him to leave way. They have been suspected in Lausanne to-night.
Herr
to-
order that the French delegation! The German Chancellor, might have an opportunity of consVon Papen, wil also leave Hulting with the Germna deleg5-morrow on a short visit to Berlin.
--British Wireless. tlon.
Reports from Lausanne
state
that Mr. Ramsay MacDonald and 1 M. Herriot reached a tentative accord on four questions of prin- ciple in regard to reparations! Firstly, the solution must final.
be
VITAL PRINCIPLES. Secondly, it must result in a re- vival of world confidence.
Thirdly, Germany shall not be asked to pay now or during the porlod of her recovery.
Fourthly, if the payments are resumed, they must be of such a naturo as not to upset normal com- mercial interchange.
It is reported that the French and German delegates will open discussions on the basis of these points on Friday.
GENEVA TALKS,
At Geneva, the disarmament proposals of Prealdent Hoover are now embodied in the conversations which are taking place.
The British Ministers in London
are maintaining close touch with
ຕ
to
The wedding of the Crown Prince their colleagues in Switzerland but of Ethiopia, Asfaou Woss,
more direct contact Was Princess Volzaro Vollato Iarsel, Dstablished to-day when
the daughter of Klang Siours of Tigres. Foreign Secretary, Sir John Simon, They are shown leaving the church
in Addis Ababa. arrived in London by air. Hel
EGYPTIAN DOPE RING SENSATION
BRITISH BUSINESS MEN ARRESTED.
(Reuter's Special Service).
Cairo, June 23. Sensational arrests which have Just been made in Alexandria and Constantinople in connexion with the drug traffic. include three British business met, well-known in Constantinople.
They are alleged to have des patched heroin to Alexandrin.
FLIGHT FROM THE YEN
FALL OF A PENNY YESTERDAY
BEAR PRESSURE
London, June 24. The flight from the Yen appears to be gathering momentum, to-day's quota- tion in London falling a penny to 1/6, while a cor- respondingly heavy fall was noted on all important ex- change markets.
The value of the Yen to-day cunt- pares with
a high mark of 3/- Just before the Japanese Govern- ment abandoned the gold standard. |
CITY OPINION
MANCHUKUO FORCE ANNIHILATED
Mr. Tom Walls, leading in April the Fifth, after his famous victory in the Derby.
AMERICAN OPEN GOLF
DAZZLING PLAY BY
DUTRA
FOUR-STROKE LEAD
New York, June 23. International flavour is lack- ing in the American Open Golf London financial circles express Championship which opened to- the opinion that the primary cause day at Flushing, Long Island, for the sharp depreciation of the Yen the only prominent
British is heavy forward exchange settle-player competing being the ex- ments by cotton and wool importers amateur champion, Mr. T., P. and delayed operations by experPerkins. who has been in America for some time past on
ters.
It is also believed that the un- certainty regarding the internal business. and external political and financial The first round of the com situations have enused speculative¦petition provided a sensation. B bear selling of the Yen.
dazzling card being returned by
It is generally felt that the ex-Olin Dutra, who went round in 69. tent of the recent depreciation is four strokes better than any of his not justified by the actual facts of rivals, the situation.-Reuter,
EXCHANGE MARKET
LIFELESS
DOLLAR DECLINES
SLIGHTLY
PERKINS FADES OUT. '
T. P. Perkins was in brilliant likely to offer a challenge to Duned
form on selling out and seemed
so consistently did he reel off his threes and fours up to the twelfth. At the twelfth, Perkins boled out magnificently for a birdie, but from that point he gradually lost his former steadiness and got into trouble on several occasions and The Hongkong dollar dropped while bringing off some excellent th this afternoon to 1s. 3d., with recoveries had finally to be con- the local exchange market inclined, tent with a score of 76.
Saruzen and Burke played ex- Business is still ex-i to be ensy.
cellent golf despite the harassing ceedingly small.
There wind.
however, Stiver is down 1/16th in London. nothing to compare seriously with The Continent sold and Ching, the golf of Dutra, who went round bought, on a steady market. After with barely a bad stroke, He was the official fixing, the market ruled particularly deadly on the greens. quietly steady.
Lea Diegel returned a card of 73
In New York. silver prices
receded 1/8th to 27.3/8d, on an easy market. Futures are also
саму
The cross-rate has dropped to 3.61.
SUPERB RUNNING
FEAT
Nurmi's Time Bettered by 20 Seconds
(Reuter's Special Survica),
Helsingfors, June 23. During the Olymple trials to- [day, Lauri Lehtinen, accomplishing| the most remarkable athletle font in soveral deendas, ran the three milca in 13 minutes, 50 8/6th seconds, and the five thousand motres in 14 minutes, 16 9/10th) soconds.
In both events. Lehtinen broke
WRR
to occupy second place.
LEADING SCORES.
Lending scores:
Olin Dutra Led Diggel Gene Sarazen Billy Burke
Walter Hagen
T. P. Perkins
Other scores:
73
886288
76
G. Von Elm
70
W. Horton Smith
80
MacDonald Smith Tommy Armour
80
82
Reuter.
MA CHAN-SHAN
AGAIN REPORTED KILLED
(Special to "Telegraph") .
Harbin, June 24. Reports reaching Harbin from the existing world's records, both Tokyo declare that the redoubt- held by Panvo Nurmi. bettering ahlo General Ma Chan-shan has Nurmi's time for the three miles been killed, but there is no con- by the amazing margin of 20 3/5th firmation of the story in this part seconds, and his time for the 5,000 of the world and it is not belloved. metroa by over eloven seconde! -Router.
LORD LLOYD BOMB HOAX
NO EXPLOSIVES FOUND
London, June 24.
An elaborate hoax is now believed to be the explanation of the "sensational affair" at St. Bee's School, Cumberland, last week-end when a "time-bomb" was found beneath the platform from which Lord Lloyd and the Bishop of Carlisle were address- | ing the boys.
After an examination of the "infernal machine," Home Office experts have returned to Cumber- land with a report which, it is understood, will reveal, that the bomb did not contain any EX- plosives and was put there by a practical joker.
-1
The "bomb" was extremely well- made and looked a really deadly means of destruction--Reutar.
INVASION OF THE PHILIPPINES
GOVERNOR FORCED TO REVOKE AN
ORDER
The
(Special to "Telegraph")
Manila, June 24. Governor-General, Mr. Theodore Roosevelt, has signed an order revoking the Customs Order which has been enforced in the Philippines since February 24 Inst, designed to prevent. the illegal entry of Chinese into Philippine sub-ports and stopping the inflow of Japanese into Mindanao.
Jiro Sato, Japan's finest Lennis playar, who yesterday. defeated In Collina, Cochet's conquerer at Wimbledon.
BRITAIN CARRIES ON
TARIFF SYSTEM "EXPERIMENT””
MR. BALDWIN ON TRADE BARRIERS
CENSURE VOTE
London, June 23.
Mr. Stanley Baldwin, surveying Britain's economic position during a debate on a motion of censure in the House of Commons, said that the tariff system adopted to correct the adverse balance of trade was on its trial.
When the original Customs
It would be two or three years Order was signed by the acting before they, knew whether it had Governor-General, Mr. Butte, there fulfilled hopes or not. was a great outery among Ameri- cun and other business men on the
and unconstitutional.
Although the figures for April grounds that it was discriminatory And May had not yet been complete
ly worked out there were indica- Mr. Roosevelt has now had totions that there was a reduction in cancel the order as it has been the infavourable balance which found to violate the existing was due both to an increase in United States Treaties governing volume of exports and a deerense Passporta.—Renter,
in imports, in particular the lat- ter.
GEHRIG'S FINE RECORD
ELEVEN HUNDRED
MATCHES
In the months, statistics regarding ray materials showed they remain-
fed practically stationary, wherens
TRAPPED BY GUERILLAS
NOT A MAN LEFT ALIVE
TERRIBLE TOLL
Harbin, June 24.
The complete anni- hilation of a large detach- ment of Manchukuo troops in a bitter but unequal contest with guerillas, has caused a great sensation.
The force responsible for the slaughter was a body of Chinese "Volunteers," who have been haras- sing and been harassed by the Japanese in North Manchuria for some months past in a guerilla cam. paign.
re-
These men, who have lost many of their number in ocensional brisk engagements, look a terrible venge on a detachment of three hundred of their Manchukuo com- patriots yesterday, a little to the north of Tsitsihar.
FELL INTO AMBUSH.
The Manchukuo detachment was marching northwards under orders to engage a party of anti-Manchu- Ruo Chinese troops, when they fell into an ambush and found them- selves suddenly surrounded.
Just a few managed to get away, on the instruction of the Stair Om- cer commanding the force, with orders to warn the main garrison at Tsitsihar of their perilous posi- tion and urging them to send rein- forcements.
MOWED DOWN.
The engagement must have been swiftly over, however. The Volunteers appear to have been equipped with machine- guns which mowed down the Manchukue detachment which had been caught in a terribly ex- posed position.
Fire poured in upon them from all sides. Some tried to
break through the cordon, but there was
no escape.
When the reinforcements ar- rived from Tsitsilinr they found the Staff Officer and his three hundred men all dead, tho Volunteers having slaughtered the entire detachment,
TRAIN ROBBERY.
Another train robbery provided
The valis en Teported manufactur-the second success of the "bandit- jed articles, in spite of the fore-volunteers." A westbound passon- Istalling duties, was £32,000,000.
ger train was looted about thirty- five miles to the west of Harbin, the "bandits" travelling as passen-
EXCHANGE RESTRICTIONS.
to
gers,
#
Que of them climbed along the roof of the train, put bullet through the driver and compelled him to bring the locomotive to a aft. The train was then looted from end to end-Reuter.
He deplores the world-wide įstrictions un trade, which were im New York, June 20. posed by countries solely owing Lou Gehrig, the famous Yankee their domestic conditions.
No fewer than thirty foreign first-base, today played his 1,103rd countries had some kind of ex consecutive game in the American change restriction. These restric League, tleing the Hecond best tions were telling probably major league record, and hitting against the recovery of trade even
The biggest number of cases than tariffs, which throughout the yet another home run.
cholera for any ono day since the Babe Ruth also came out of his world had ben increased.
present outbreak was reported yeater- Belgium. Poland, the Netherlands, day-namely, four. All were from the shell to plant the ball well away
more
In
of
of
for the circuit, but despite these Portugal, France and some British Victorin district. Two cases big hits, the Yankees were again Domlaions, tariff's been raised un- typhoid and one of paratyphoid were beaton by St. Louis in a heavy til they had reached a height it was also notified. acoring game.
almost impossible to climb. It was extremely difficult to see how this position was to be broken.
Chuck Klein again scored # homer for the Phillies. Results:
National League.
New York Boston Philadelphia
6 St. Loula
8 Brooklyn
10 Chleage
American League.
1 Washington
LAUSANNE HOPES.
The Lausanne Conference, Mr. Baldwin went on, naturally afforded some hopes and he was certain that
were getting a greater production with fewer men at work.
CARRYING ON.
economic blizzard better than, any Britain was, however, facing the
10 the cancellation of all reparations other country.
and war debts in Europe was ด
In regard to unemployment, while easential step towards giving coun- not wishing to minimise their hard- tries more confidence and helping
ships, relatively
10 them to get on with their business. British people were better off then speaking the
Cleveland St. Louis
14 New York
-Router, The cable is mutilated and the acoren of the other matches in tho American League cannot accurate-| ly be given.
Despite the world impoverish-people in any other country, Tho ment, it was
some encourage. Government would do what they ment to Britain that through a could and enter into conferences difficult perlod she was holding and consider
that, might anything on to her exports trade.
be arranged between countries, but In the meantime the world had to
As to the home trade, the actual Carry on. One of the great objects In falling from a scaffolding at a volumio of production had slightly of the Ottawn Conference was to the barriers new building in Gloucester Rend, increased, yet there had been an inhelp to break down Yeung Tim, a plumber, of 24, Tcrense.ld the unemployment Agures, to trade. When they returned from Wong Street received scalp wound probably due to the appalling con- Ottawa, they would see that could which necessitated his cemoval to the diffons of the export can! trade and be done in that direction with other... Government Cleff®Hori
jim blew face that many Industries | countriesim Brita Wirele
194