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The
FIRST EDITION STREDITI
Hongkong Telegraph.
FOUNDED 1881 No. 1987
£ĦD WAAC+###, FRIDAY, DECEMBER 9, 1932.
SINGLE OSFY 18 ĊENTE 日二十月一十
2009 FER-ANNON
FORT DUNLOP
"South China Morning Post Eidg.” Tel. 24554.
AMERICA REFUSES WAR DEBT POSTPONEMENT
America's Reply to Britain gives no direct answer to the requast for postponement of the December war debt instalment, but expresses confidence that Congress would consider. any reasonable suggestion for facilitating the payment.
It is authoritatively foreshadowed in Paris that Britain will in gold.
AMERICA'S REPLY
TO FRANCE
NOW IN THE HANDS OF AMBASSADOR
Washington, lec. 8.
The American Reply to the French Note on war debts har been handed to the French Am. be bassador. It is believed to conciliatory in tone without de parting from the requirement that the December Instalment of the war debt be paid-Beuter.
JAPAN'S CHALLENGE
READY TO FACE THE SANCTIONS
WILL NOT BUDGE FROM STAND
Geneva, Dec. 8. The general debate in the League Assembly closed this afternoon with a declaration by Mr. Matsuoka that Japan was ready to
face the severest sanctions of the League rather than alter her stanpoint regarding Man- churia.
Following the earlier threat of Japanese resignation from the League the tactics of Mr. Matsuoka have presented the Assembly with an extremely delicate situation.
It is believed, however, that the
Mr. Con. nally, the Irish dela
Kate
at
Gene3,
who with
Dr. Benes, on right, sponsors the reaplation condemning
Зарап.
pay
REPLY TO BRITISH
DEBTS NOTE
PREPARED TO REVIEW ENTIRE SITUATION
ADMITS INCREASED
BURDEN
LONDON, December 9..
7-.
WAR DEBTS AND WORLD CRISIS,Our.pictures convey an Impression of the consequences of the world ade crisis. (1) London's bread line. (2) Communism in Hyde Park (3) Feeding bomeless in New York (4) Rhode Island riots (5) Relief centres in Berlin (6) Lining up at Berlin soup kitchens (7) Rioters in Valencia.
THE UNITED STATES IS PREPARED TO SURVEY THE ENTIRE WAR DEBTS SITUATION IN CO-OPERATION; WITH BRITAIN, TO CON- SIDER WHAT MEANS MAY BE TAKEN TO RESTORE STABILITY OF EXCHANGES AND TO REVIVE TRADE, BUT MUST INSIST UPON PAYMENT OF THE DECEMBER INSTALMENT, INVOICE
NO MATTER WHAT DEVICE IS ADOPTED TO MITIGATE THE CONSEQUENCES OF TRANSFER.
THE OFFICE
This is the purport of America's Reply to the British MYSTERY
War Debt Note which was released for publication to-
day. It recognises the increased burden of the debt and
its relationship to the problem of world recovery, and MR. Y. H. WEN NOW the dangerous possibilities inherent in the December payment.
IN SHANGHAI
The Note disagrees with the British contention that | CANTON STORY OF war debts are largely responsible for the world depres- sion and that cancellation is essential to world recovery.
RESPONSIBILITY FOR DEPRESSION
The Reply of the United States Secretary of States to the British Note on War Debts says the huve con- Government Stater sidered the British Note with the greatest care, and proceeds:
re-
ABOLITION
No information has reached the Chinese Invoice Office in Hongkong regarding a report from the Central Press Agency,
a semi-official bureau in Canton,
in the British Note that the to the effect that the Nanking:
ULTIMATUM TO PERSIA
PREREMPTORY BRITISH NOTE SENT
A WEEK'S GRACE
London, Dec. 8.
A preremptory Note has been handed to the Persian Government by the British Minister demanding the withdrawal of the cancella- tion of the D'Arcy Conces- sion.
It is oficially stated that the British Note declares that unless Persia withdraws the cancellation of the Anglo-Perslan Oll Com- pany's rights by December 15, the British Government will refer the matter to the Hague Court as a matter of urgency,
The Hague Court, the Note adds, will be requested to indicate the provisional measures which may be taken to preserve British oil rights in Persia.-Reuter.
In
WITHDRAWAL DEMAND.
STOP PRESS FIRST HALF. Note, which was handed
Mr. Ramsay' MacDonald Is.
this returning to London weekend for an Immediate Cabinet meeting for the pur- pose of drafting a further Note to America, in which it will be indicated that the debt will be paid in gold.
The Note will express satis- faction that the United States is ready to arrange a review of the debts and will ask for acceleration of such enquiry. -Router.
Jonns made by the United Government is contemplating DISARMAMENT States represent, in their in-the abolition of the Office, which
torest, expenditure on destruc-.
tion, that the payments here was only opened eight days ago. FIVE-POWER
According to the Canton report,
tofore made to the United States have been largely responsible there is strong opposition by the guilde in for the existing world depression merchants and trade and the concentration of a large Canton to the continuance of the amount of gold in the United offlec, on the ground that the con-
MEETING
States and that the complete sular invoices mean an additional GERMANY WILLING
debts essential to world recovery.
cancellation of war
COMBINED LOANS.
falovy to the Customs tariff and that
In reaching the settlements withi
It is raising the price of staple foods, much of which has to be Imported.
CANTON VISIT.
that
RE-ENTER
The
GOALS
INTER-VARSITY SOCCER
CAMBRIDGE WIN COMFORTABLY
London, Dec. 8.
the House of Commonx, Captain Eden read the text of the to the Persian Foreign Minister December 2nd and which described the Persian Government's action as an inadmissable breach of the terms of the concession.
The Note stated that the British Government took a most serious view of the Persian Government's conduct, and demanded the im mediate withdrawal of the notifica tion Issued to the Company: The hope was expressed that the Peralan Government would be at pains to reach an amicable settle-
Cambridge University de-ment in direct negotiation with the
Company, but the British Govern feated Oxford University by mont would, if the neccselty arose. three goals to one in the take all legitimate measures to annual association - football protect their just and indisputable The Note added that the British match at Stamford Bridge
(Continued on Page 7.) to-day.
All the goals were obtained in the first half. Moxon went! through to score for the Light Blues when the game was a few minutes old.
a
Moss cqpalined for Oxford in a swift rally, but the Cambridge half-backs afterwards gained grip on the game and Oxford were TO kept well in hand.
Interests.
́SU PING-WEN'S FATE
CONFLICTING TALES IN HARBIN
A series of bright passing move-
Harbin, Dec. 9. ments culminated in Cooper giving
Reports regarding the fate of Cambridge the lead and before the interval, the same player acored General Su Pin-wen are most con
their
JAPAN'S LATEST
DRIVE
OPERATIONS NEAR KIRIN
OUR VARYING DOLLAR
SLIGHTLY DOWN TO-DAY
The Hongkong dollar declined 1/8th this morning to 18. 3d. The market locally in abaclutely dend.
"Whatever part the debt pay- ments may have played in the economic history of the post-war years, it is clear that In the present conditions of world-wide depression, accompanied by the sweeping fall of prices, their weight has greatly increased, and
definitely on top, practically settl- still in Soviet territory and others, that they have a very dofinite re-
that he is among four thousand When a Telegraph representative ON CONDITIONS a snap goal which, with Cambridge flicting, some stating that he, is It says that many of the loans;
ed the result. lationship to the problem or
Geneve, Dec. 9.
Bright play was witnessed in Chinese troops Bent back into covery in which both the British made before the Armistice and called at the Invoice Office thia
Germany has declared her will-the early stages of the second half, Chinese territory.--Reuter.
Oxford's strenuous effortai League's "gentus in diplomacy" and American people have such substantially all made since, were morning, he was informed
not for destruction, and that less Mr. Y, H. Wen, the Invoice Officer,
the than one-third of amounts is now in Shanghai, being en route will prove equal to the resolution vital interest.
certain failed to make any impression on COMPLÈTE SURVEY.
expended in the United States by to Nanking to report on the workingness to re-enter the Disarma-but
the steady Cambridge defenco, submitted by Senator Connolly Benes (Czecho-
conditions.,
and interest gradually faded. The (Ireland), Dr.
The President of the United her debtors after she entered the ing of the Oico to the Government Conference under Slovakia), and the Spanish de-
This was announced following Light Blues on several occasions logate, condemning the actions of States is prepared, through what war was spent for munitions and ment. Japan, the adoption of which ever agency may seem appropriate. remounts.
Franco, lead.-Reuter. The acting Invoice Officer, it was another meeting of the five prin-came close to, increasing might involve Japan's resignation.in co-operation with the British
It is believed that the resolution Government to survey the situa-their debtors, the United States will be side-tracked by taking the tion and to consider what means Government combined the loans further stated, had just returned cipal Powers, Britain,
absence of Mr. Ramsay Mac- other resolution, sponsored by the may be taken to bring about a made during the war and after the from Canton where he had been United States, Germany and Italy, atability of Armletice, including commercial discussing with merchants the Sir John Simon presiding in the Donald, who is now on his way Swies and Czecho-Slovakian de-restoration of the
The officer temporarily in back from Paris. Jegates, first. This resolution recurrencies and exchange, a revival credit, and funded all in the debt question of charges.
of trade and a recovery of prices.agreements.
meeting As a different practice prevailed charge of the Office, asked if "I welcome the suggestion for al fors all resolutions to the Com mittee of Nineteen.-Reuter.
close examination between the in Europe, the figures cited in the he had seen the Canton report,
ras very brief. United States and Great Britain British Note are not strictly com- said:"No information has been
Jaron received by us on the matter, 1 of the whole subject, la preparation parable.
OVER-EMPHASIS.
do not see," he added, "how this
Neurath inform- for the international economic con- ference, for I believe that there The British Noto algo seemed office can be abolished without, are important avenuce of mutual to over-emphasize the Influence official notification to the Hong- advantage which should be which the war debt payments may kong and British Governments,
have had in the past on world which have given us thoroughly explored. ·
ob-function in the Colony." CANCELLATION NOT IMPLIED. economy. With the various
servations and figuros presented "Such an oxamination does not by the British Government in that! regard, the American Government imply cancellation.
"In such an examination, there is not in accord, but does not de would necessarily be considera-sire to enter into a detailed die- tion of other forms of tangible cussion in view of the larger, im-
American plan and willingness to Router by a high Japanese military the mediato issues.
re-enter the Disarmament Confer-
It is declared that the Japanese compensation avaliable, for
In general, It is their view that
once provided she was conceded will pursue the drive right to the M. expansion of markets for the pro- ducts of American agriculture and the causes of depression lay in
"quality in every respect."
Soviet frontier, if necessary, but labour,
much more potont forces than)
M. Paul Boncour, the French will not cross over.-Router. "And you will understand that these debts transactions and that
London, Dec. 8.
London, Dec. 8. delegate, Fronch Minister of War, In the presence of more than
In announcing the final aban- Afty Chinese Buddhists, including the problem of foreign debts has, in the total of receipts and outgo
After: concluding its general asked him to state in writing what
donment of the M.2. salvage opera. Chu Ching-lan, the well-known re-in the American mind, a very do-larising from the international
The antleyclone has extended tiens, the Lords of the Admiralty Indian Round Table Conference respect." lief worker, Mr. B. L. Broughton. finite relationship with the pro-transactions of the debtor Vice-President of the Mahaboldi blem of disarmament and the trics and the United States, the discussion on Foferal finance, the he meant by "equality in overy
It is generally felt that the eastward to South Janon. Fresh pay a tribute to the skill and been continuous burden which compoll- dobt payments had been à rela-to-day adjourned. Society of London, has
A date for rosuming is to be French will not accept the prin- to strong monsoon will continue courage of the divers and others, the and say the experience gained infilated into the local Buddhist tive armament imposes upon the tively minor item.
GOLD "CORNER." ontire world." Association.
The argument that the payment fixed later, in accordance with the ciple that equality should be the along the conat, and over
winds, fresh; fine. the United States Government of those debts had trained the progress of the various com- starting-point of the futuro dia-China Sea. Local forecast:--N.E.fully justified the operations.
mittoes.-British Wirelons.
cussions.-Renter. (Continued on Page 7.) cannot accept the implications
LONDONER TURNS BUDDHIST
MR. B. L. BROUGHTON INITIATED
(Special to "Telegraph")
18 Teligmph.
Copyright. Telegraphis Mesorge Ordinance, 1895. Received. Des
Peking, Dec. 9.
2. 1.10 am.)
Mr. Broughton is the first Englishman to be initiated in Peking-Reuter:
Proceeding, the reply says
coun-
power to
Yon
Mr. Normani
lavig
ther
Harbin, Dec.".
CX- Following their successful
In London, silver dropped 1/8th, China sold and India was a small. buyer, the market closing steady.. After the official fixing, the market
and the pedition along the western section delegates of the Chinese Eastern Railway, ruled idle.
that, as a result the Japanese are now diverting
New York reports silver down
of his communi- their attention to the area north-1/8th, with the market dull. cations with the past of Kirin, where they intend to Futures are also dowu.
German Govern-launch a
INDIAN
PARLEY
he ment, M. Boncour.
able to announce Ting Chao. Germany's acceptance
drive aimed at the elimination of Generals Li Tu and
Wag
SUSPENDED
WILL BE RESUMED LATER
of the This is the information given to
official,
FINE WEATHER
SALVAGE WORK, ABANDONED
2 OPERATIONS NOT
TO CONTINUE
British Wirėteam,