ABOLITION OF WAR
GREAT POWERS' AIMS
FOR
PROPOSALS
DISARMAMENT
AIDING THE CONFERENCE
London, Jan. 31.
The text of the proposals for expediting the work of the Dlear- mament Conference placed before Mr. Arthur Henderson and two representatives of the five Great Powers at the end of last week has been issued in London.
Road v. Rail
Transport Industry. in Danger
THE REPORT OF THE ROYAL COMMISSION
THE HONGKONG TELEGRAPH. WEDNESDAY, FEBRUARY 1, 1933.
DIVIDENDS REDUCED
CAUSES FIRST SALE OF U.S. STEEL STOCK PREFERRED
COMPANY'S HEÁVY LOSSES
(Our Own Correspondent). - (Dy Telegraph, Copyright, Telegraphia Mussagen Ordinanes, 1884. Resvived. February 1, 1.6 am)
London, Jan. 31.
tors were willing to dip into the company's reserves for even a 50 cents dividend indicated confidence that business was improving.
London, Jan. 81. The question of road and rail, transport, and the consideration. of a policy in regard to the pro The first male of United States posats of the Royal Commission, Steel Preferred was negotiated on presided over by Sir Arthur Sal-the San Franciaco exchange to-day ter, is understood to have been after the announcement of a re-ter. The net loss for the final Cabinet to-day. before the sub-committee of the
There is a wide spread feeling that the decisions on the problems arising from the development of rond competition with the rat- ways cannot be further delayed without adverse effects on the transport industry Itself, and, the The programme of work sug-Industry generally, and Govern gested by the British. Government ment will he questioned on this has the aim of enabling the Con-aubject immediately Parliament ference to embody in a
Conven-
resumeo.
duction in the quarterly dividend
from G.81.75 to 50 cents.
half points lower than on the New The quotation was four and a York oxchange closing rate.
HEAVY LOSSES,
A special cable received from New York by Mcaarn, Swan, Cul- bertson and Fritz states:
For the final quarter of 1932 U.S. Steel Corporation sustained a net loss of $16,729,868 after charges, as against a net loss of all $20,871,709 for the previous quar- quarter in 1931 was $4.376,798 but
this would have been increased by special Income of this amount. U.S. $4,979,017 except for an item of
Steel preferred slumped nearly three points on the San Francisco Curb Exchange after the close of the Now York markot.
THREE POINTS DROP. The U.S. Steel Corporation do Sellers offered steek at 60% and clareda preferred dividend of 50 some lots changed hands at 68, cents a share against the regular whereas the New York market $1.75. This affects approximately closed G14. Business was done 62,000 holders of 3,602,811 pre-in U.S. Steal common in San ferred shares. Some observers Francisco at 20% and more waB stated that the fact that the direc-offered at 26.
when
:
resolution LOCAL FIRE-CRACKER
FIRMS IN DILEMMA quite
EFFECT OF REPORT. tion the proposals made by the various delegations since
Speaking of the Salter report thelast night, Sir Josiah Stamp, ont opening of the Conference. The of the railway members of the Com. direction of the work would be mission, said it was regarded in placed in the hands of the Bureau the public mind mainly as a mea-
tho original of the Conference, which would sure for the protection of rail gainst adjudication was made. without delay organise a discus that and went to the root of a clearly that if there had been a
was much wider than The ways.
authorities showed sion of the political aspects of the balanced economie life, free from mistake, then the Court, or rathe problems of security and equality hidden on lines which are indicated.
subsidion to particular the Oficial Receiver, as in the Interests, and affected the whole presont case, had power to
call trading community, Britiek another meeting. The utmost had been sitting on it for more that the Omeial Receiver argued was directed more on the discus- sion as to who made the mistake than whether there had been a mistake or not.
SOLEMN PLEDGE.
The Political Commission would proceed to study the possibility of framing a Convention embodying a solemn affirmation on the part of all European Powers renoune. ing resort to force, while a special committee of the Continental European States would examine the possibility of reaching politi- cal arrangements defining the con. ditions in which each of those States would be entitled to the co-operation of other contracting States on the Continent of Europe. As regards disarmament, the Bureau would at once undertake the following work:
Effectives: Firat, compute the total personnel of the "police com- ponent" of existing land forces of each country, both metropolitan and overscan, according to the scheme for calculation of land forcea in the "Hoover plan:" second, agree upon a percentage by which the "Dufence component" of fixed; third, determine the stages cach State shall be reduced and and methods by which European Continental armies may be brought into harmony with the general type of organisation adopted.
Land War Material:-First, fix the maximum tonnage of tanks: second fix the maximum calibre of mobile land guns; third, decide whether there should be limitation of numbers in савез
AIR PROPOSALS.
these
Wireless
RECEIVING ORDER
REFUSED
WHOSE MISTAKE?
(Continued from Page 1.)
than 32 years before they decided to make a change.
IMPORTANT INDUSTRY,
The fire-cracker industry was one of the most important in the Colony with a big export market to Amorica and other places, and Mr. (Continued from Page 1.)
It might have been a mistake Loseby suggested that in the pre- attributable to the Official sent case, involving more than two CREDITORS CHANGE MIND
Receiver or it might have been į sakhe" worth of stocks, the authori- attributable to the creditors them-lea should giva the dealers every In making his application to scives. It was not a question of possible assistance and guidance. rescind the receiving order Mr. those who had attended the meet- On the first set of summoners, Agassiz read the reports of twa ng changing their minds. They dealing with not furnishing the held and at which nine-tenths on along. The creditors meetings which were had wanted to have adjudication LG.P, with names and addresses, the creditors were present.
mere fact that ur. Wenng-Jones imposed a no- At they did not vote for, but against mingi ine of $10 against all the the fresh first meeting a resolution judication at the time against bankruptcy w passed, because
ix dealers concerned. was of what
but this was subsequently rever-Receiver had said; that it would the other serica
tho Official Continuing is arguments on
ned.
be of no use for them voting for Th Official Receiver then quat-adjudication.
ed authorities giving power to call His Lordship remarked that he the fresh first meeting, lie argued was not going to assume that a mis- that as no valid resolution was take had been made without proof passed the meeting was invalid, being given. and, therefore, the Court had not solution passed at that meeting, jurisdiction to adjudicate on a re-
of summonses,
Mr. Loseby said that it was im- possible for the dealers to comply with the storage requirements. They were required to have sub- stantial buildings of brick and alone, set at least 60 feet apart Mr. Macnarmars replied that his from a dwelling, for atacks exceed- give evidence to explain to his Lord.tha with building and space limita- clients were perfectly prepared to ing 400 lbs. Mr. Loseby submitted ship how they came to make their tions as they are in the Colony, the conditions were prohibitive, and he could see no way out of the difficulty but to dump the whole lot of fireworks into the barbour.
Tho dealers wore, under the new Regulations, required to have magazines, and anticipating a idiflculty. they had instructed him to take the matter up with the au-
by,
Speaking on the sufficiency of assets, Mr. Agassiz said the Or- mistake. dinance laid down the limit of 15 Later, his Lordship commented per cent, but, he agreed, this was that the validity of the meeting did Lordship. He asked whether this sent application which was not one entirely in the discretion of his not make any difference in the pr.
a case where his Lordship for adjudication. judicate when the assets amount- should exercise discretion to ad-
ed to 2% per cent.?
VICTIM OF MISFORTUNE
RADIO BROADCAST
LANE CRAWFORD'S RESTAURANT RELAY
From Z. B. W. on wavelength of 865 metres (845 kyc).
4.30-7 p.m.
Chinese programme, 6-6.16 p.m. Children's Concert. 7-10.30 p.m. European programme. 7 p.m.
Selected London and New York Stock Quotations, etc. Girls from Haden (Kemzak). 7.15-7.35 p.m. Orchestral
Reminiscences of Vienna (Strauss).
Roses of the South (Straums). Wine, Women and Song-Waltz
(Strauss). Chicago Symphony Orchestra. D1452.
7.35-8 p.m. A Concert. Violin Solo-Vocallso
Victoria Orchestra. V-60037,
Balon Orchestra. C2042.
(Rachmaninoff-Press). Violin Solo-Caprice in E Flat Major
(Wieniawski-Kroisler),
Mischa Elman. 1004. Song-Walata Maori (H). Song-A Maori Slumber Song
(To Rangi Pal).
Frances Alta (Soprano). 1330. Piano Belo-Rococo (Palmgren). Plano Solo-Lo Patit Ano Blanc
(Ibert).
Benno Molacivith. E402, Song-Thinkin' of Mary (Bennett), Song Columbine's Garden (Besly).
Walter Glynne (Tenor). B3106. 8 p.m. Local Time and Weather
Report.
8.3-9 p.m.
A relay of the Melodian's Trio from Lane Crawford's Restaurant Ex- change Building, by courtesy of the Management (During the intervals recorded music will be broadcast from the Studio).
9-10 p.su. Variety. Negro Spiritual Medley.
Paul Robeson and Jack Hylton and Fox Trot-Drums in my Heart
His Orchestra. C2287.
Selection-The Maid of the
Leo Relaman and His Orch. 22015..
Mountaiga,
The London Palladium Orch. C1881, Organ Solo-A Little Kiss Each
Korning.
Reginald Foort. 133321. Fox Trot-One Little Quarrel. Song--Falling in Love Again.
The High Haltors. 22873. Gracie Fields (Comedienne). B3592. Orchestral-The Roenry.
Hilo Hawaiian Orchestra, B3338. Fox Trot-How Can Yon Say You
Love Me.
Jack Denny and His Orch. 22910. Song The One I Love Just Can't bo
Bothered With Me. Fox Trot-Kinda Like You.
Johnay Marvin. 22348. Leo Reisman and His Orch, 22915. Organ Solo-If I Had a Talking
Picture.
Reginald Foort. B3824.
Paul Whiteman and His Orch. 22873. Fox Trst-There's a Blue Note in my
Love Song. Song-What Archibald Says, Goes. Gracle Fields (Comedienne). B3602. Orchestral-Aloha Oef
Hilo Hawaiian Orchestra. B3938. Fox Trot-Snuggled on Your
Shoulder.
Jack, Denny and His Orchestra, 22910. Song Lazy Lou'slana Moon.
Johnny Marvin (Comedian). 22348.
10-10.27 p.m.
Concerto Grosso (Ernest Bloch) played by the Philadelphia Chamber String Simfonietta..
M00, 10.27 pm. Rugby Press News. Programmes are kindly supplied by
10.30 p.m. Close Down.
Messrs. S. Moutrio and Co.
All records in the above European
A
'UNDER-ESTIMATED. Continuing, Mr. Macnamara Had the offer for the sale of said his main argument was that thorities concerned, said Mr. Lose the goodwill of the firm gone this was a ca80 which required. through, there would have been investigation. He remarked that
FIRE DANGER. "Air-The Bureau would con- $16,000 realised, and the applica- on the reports read by the Official position was a difficult one for the Mr. Fitz-Henry agreed that the stitute a committee of representation would not have been made, Receiver the case could not have dealers, but he pointed out that it tives of the principal air Powers but that asset had been destroyed. been investigated in the manner was manifestly dangerous to leave to examine the possibility of the Instead of being able to pay six which proved beyond all doubt the fireworks as they were at the entire abolition of military and or seven per cent, they now were that all the assets had been moment, in some naval matchines and of bombing only able to pay 21⁄2 per cont.
cases in shops from the air, combined with of-
brought to light. Mr. Steger had and floors above which again were
were unshaken. fectivo international control of
fire, with under-estimated the liabilities of floors used as family residences. Possibly disastrous consequences, civil aviation.
the firm by $100,000. It might be He recalled many house fires and might occur in the interval of the Mr. Agassiz asked if this was that, having a memory like that, fatalities in the past, the diana-adjounmont, and his Worship ask- Naval Forces:- The
case out of the ordinary, or he would have under-estimated trous nature and extent of which cd Mr. Loseby to appreciate his re- would fix the maximum tonnage
one in which the partners deser- the assets also. and maximum calibre of gun
were attributable to the presencesponsibility in that light, for ved special consideration. Pos- capital ships, aircraft carries (Ifsibly Mr. Arfas did. He was not that was a bare possibility, and crackers.
His Lordship romarked that of these enormous stocks of fire- capted as crainora), destroyers responsible for the state of air it would be dangerous to eccop obiections" which he did not wish that the defendants wore using
NAKED FIRES. Mr. Loseby hinted at "technical and submarines (if retained). Company, but was a victim of mis- that argument.
Mr. Fitz-Henry mentioned also According to Geneva messages, il
Is Lordship decided to refuse the more vital issue of storage. promisce.
to bring into the case in view of naked fires for cooking on these is not expected that the discussion er remarked that a chartered ac- the application made by the Off-He asked for an adjournment to
Continuing, the Ocial Recolv- of the French plan, which is due countant had been unable to make cial Receiver on the ground of the enable him to consider the post-clients would put a stop to that, Mr. Loseby undertook that his to begin in the General Commits-anything of the books of the firm, practical unanimity of the cre- tion.. sion of the Disarmament Con- and there were only sufficient as ditors in their desire that the Terence on Thursday, will have to sets to pay 2 per cent.
and his Worship then granted a bankruptcy proceedings shoulded to oppose that from the point until to-morrow morning.
Mr. Fitz-Henry:--I am instruct-short adjournment of 24 hours be postponed оп account of Mr. Macnamara first spoke to continue. His Lordship made it of view of the firecrackers being tho change ok Government the question as to whether there clear that it was only on
Mr. Loseby undertook during the
Bureau
a
fortune.
this still on the premises.
in France. In the new Govern had been a mistake made by the ground that he arrived at his de- ment formed by M. Daladier, M. creditors at the fresh first meeting cision. Paul Boncour, who holds the post of permanent French delegate to the League of Nations, is Foreign Minister. It is assumed that M. Boncour will reach "Genova by Thursday morning.
HOPES OF PROGRESS.
DAY BY DAY NEWS IN BRIEF
THE BEST SCHOOL OF MORAL DIS- CIPLINE WHICH THE MIDDLE AGES AFFORDED WAS THE INSTITUTION OF CHIVALBY-Hallam.
The observations of the Great Powers on the British At the Soldiers' and Sailors' Home proposals will probably have last evening, Mr. Harry Chappla gave been received before the con- an interesting talk to members of the clusion of the general dis- Toc 1 group in Hongkong. cussion of the French plan, and it
is hoped that the Commission will
proceed immediately afterwards to consideration of the programme
£
Mr. Loseby deprecated the no-period of the adjournment to dis- cessity of quick removal in viro C088 the position with the IG.P. of the fact that the Legislature and other responsible officials. had taken their time sitting on the Ordinance for more than 30 years before they camo to a de- ciaion.
MAGISTRATE'S DUTY. in that long period the Legisla- The Magistrato suggested that
ture had had time to realise the
ANOTHER CASE.
Following this case, the Deputy Superintendent of the Fire Brigade brought up another summons, in of 36 Staunton Street. this case against Wong Chau-kee,
Among the passengers by the M.M. Haer Andre Lebon, which arrived from Marseillen yesterday morning, was Princess Du Ligue, who is spending short holiday in Hongkong.
The defondant, who is the pro- The forthcoming wedding is an.full dangers, and they felt that prietor of the foss-paper shop in nounced of Mr. George Henry Mice, the time had now come to do which the disastrous fire occurred of the Sanitary Department, and
something about it. Hence the last year, resulting in 16 people Miss Dorothy Lilian Rose Smith, of now Regulations. The latest list of appointments in 1, Railway Terrace, Kowloon.. Mr. Fitz-Henry:-That is what resumed his business on the same losing their lives, it is stated, has following Mr. P. J. A. Hamilton, the Colonial Service include the
has been brought about, when 16 premises after raconstruction. Auditor, Fiji, to be Second Assistant four deaths, four cases of diphtheria fire at 35, Staunton Street, where pect of an alleged discovery made Fourteen cases of amall-pox with people were burnt to death In the of work which the British Govorn- Auditor at Hongkong; Dr. T. W. with two deaths, two cases
He was now summoned in res ment has put forward, in no sense Ware, Medical Officer, to be Health, typhoid, and five cases of meningitis stored.
of two tons of fire-crackers were by Fire Department officials when as a rival to schemes already be- Omeer, Hongkong. fore the Conforanco, including
with three deaths, were reported to
they visited Mr. Wynne-Jones, in reply to
the building lost the local health authorities last week. British plan of November last, but Chun Yung-kon, 30, Des Voeux On Monday there were five cases of another request for an adjourn month. It is alleged in the sum- solely with a view to bringing the Road Central, a merchont, who died small-pox, one case of diphtheris and ment, eald-I consider it is my mons that he caused or be per- prolonged discussions to a practi-inteste at Tung Wah Ioanital on
two cases of meningits,
Deaths duty here to protect the lives and where fro-crrackers are stored, mitted to be used, on premises cal result in Conventions embody. August 10th 1001, left local estate from tuberculosis last week totalled property of the public, and it naked charcoal fires for the manu Ing the raure of agreement now valued at $11.800. Letters of ad-
looks to me as a most dangerous facture of joas-candies, the part obtainable on various issues.granted to Chan Shiu-yin, deceased's ministration to the estate have been
proceeding, which has been going of the building where the offence British Wireless,
Chan Yak, otherwise Chan Man on for a long time. Regulations widow, Chan Lo-shi, having renounced yak, a merchant of 1. Breezy Ter- have been made to stop it, and I is alleged to have been committed letters of administration,
race, Bonham Road, left local estate must stop it.
being a cookloft. valued at $15,400. Probate to the will;
the
Afty.
The debth has occurred in Shan~hni | The wedding will shortly take place, has been granted to Ho Hung-chuen, Where lives were at stake provision A youth who responded to the
of Mr. Thomas A. See, brother of Hr. between Mr. Alexander Redford Me- 46. Lyndhurst Terrace, and Chan for their safeguard must size above sumarons informed the Court that Tao Than-tal, of Hongkong. The Eachman, Moring Supt., China Novig Ming-shon, 6, Shin Hling Street, newa-monsiderations of lona, although it his employer was absent from the deceased gentleman was for many atlon Co., residing at the Hongkong paper publisher. In his will docessed might be a loss affecting one of the Colony, having gone up to Macao years Chinese Secretary to.
Miss Anale Strother gave to the charitable fund of the Colony's most important trades, his last night. Canadian Trade Commisstoner Williamson,
of 15, Forest Road. Baptist Church, Hongkong, his shares. Worship 'mid. Shanghai.
Mr. Wynne-Jonas decided to ad- Aberdeen, Scotland, en route for In Mess A. B. Moulder and Co. In further discussion, hie Wor-journ the summons till Friday for Hongkong por as. Acnens,
ship, made it clear that his views tho attendance of the defendant..
Club, and
the
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