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for TRAYS MEChrs2Morning Post, Ltd,
1 463,VWYgendham3&treet, Hongkong.
The
FIRST EDITION
Library, Supreme Court
Hongkong Telegraph.
C. E. WARREN & CO., LTD. China Building.
Tel. 20269.
FOUNDED 18t
No. 14001
五拜禮 號六十月五英港香
FRIDAY, MAY 26, 1933.
日三初月五
MALKIN TILES
BEAUTIFY HOMES THROUGHOUT THE EMPIRE,
BINGLE COPE 30 DENTE 110.00 PER ANNUM
DUNLOP
BY APPOINTMENT MOTOR CAR TYRE MANUFACTURERS
to
H.M. THE KING
H.R.H. THE PRINCE OF WALES.
IMPORTANT U. S.-JAPANESE CONVERSATIONS
Viscount Ishii Pays
GENEVA OBSTACLES
BRITAIN OBJECTS TO AGGRESSOR TERMS
JAPAN WANTS
Visit
To White House
2STEROLA MACHIZITIDONAERETE PAKANTOTALÉNCIS PLECHARPESTEVE JEN
LEAGUE PREVENTS
A WAR
LETICIA DISPUTE
SETTLED
Geneva, May 25.
the
The intervention of League of Nations into the
NEW NAVAL PACT dispate between Colombia and
(Spacial to "Telograph")
Telegraph, Casurlobt, Telegraphi Ateamgre Ordinance. ተሾ ጅ . . Received May #6, #10 a.m.)
Geneva, May 25.
Criticism of the rigidity of the proposed definitions of an aggres- sor nation were voiced by Cap-
Peru has been crowned with complete success.
At the outset there was a peril of a big-senle war, but to-day the representatives of Colombia and Pery ratified the agreement for the settle- ment of the Leticia dispute.
-Renter,
tain Anthony Eden, British EATENEDET KAN
Under-Secretary
Affairs, to-day.
Addressing
for
Foreign
this afternoon's meeting of the General Commis- sion of the Disarmament Confer- ence, he said that the definitions outlined could be taken into ne count, but they could not con- stitute a fixed and rigid criterion. In difficult eases, he decinred, such rigid definitions might be positively injuriona,
THE PARADOX.
The Committee had reporteti enumerating five nctions enn- stituting aggression, namely.
(a) a declaration of war
(b) an invasion by armed forces
without a declaration of war.
LONG PRIVATE TALK
DECLINES TO DISCLOSE
THE TOPIC
GREAT INTEREST AROUSED
Washington May 25.
The visit to Washington of Vis. count Ishii, co-author of the fam- Ishii-Lansing Agreement, was superseded by the
Qua
which
Viscount Jahii.
RUBBER BOOM IN SHANGHAI
SHARES SOAR BY
VEHICULAR Nine Power Pact, is attracting LEAPS AND BOUNDS
FERRY INCIDENT
CAR THREATENED
BY FIRE
PUT OUT WITH FOAM APPLIANCE
very noticeable attention.
Viscount Ishii has come
from:
Japan with financial experts to PRICES DOUBLE
AND TREBLE
discuss matters connected with thei World Economie Conference, buti there is good ground for believing that among the topics likely to re- lecive very close attention in the f conversations between Viscount Ishii and President Roosevelt will be the situation in the Far Bast, with special reference to Ameri- ca's policy regarding Manchukun,
STATE DEPARTMENT TALK.
(Special to "Talograph")
Telegraphic (Bly Telegraph, Cungright. Messages Oʻdisaner, 1881. Brerited far 48. des and
Shanghai, May 26.
A wave of speculation in rub.
MORGAN ENQUIRY
SEQUEL
INCOME TAX CHANGES URGED
HOW SPECULATORS ESCAPE
· (Special to "Telegraph")
Fly Telegraph, Covurisht, Steamed Ordinner. JXP1. Receteri
Telegraphis
Washington, May 25.
Stay
All America is talking about the revelations at the
Senate Investigating Com-
mittee's enquiry into the operations of J. P. Morgan land Company.
Mr. John Tranum, the Anglo- The list of names published are Danish
who parachutiat
export, likened to a delegation to a great created a world's record for a delayed
international conference.
1 The income tax revelations, in Parachute jump, a exclusively re- particular, have been the subject ported yesterday. He jumped from jan RA.F. plane at a height of 20,000 of much comment, and a proposal feet and fell 17,250 fest before open-
that the Dailed States income tax. should follow the example of the British income tax and be "brond- ly spread upon the shoulders of rich and poor alike," is made in the New York Evening Post.
THE PARADOX.
Ing his parachute.
THAT SILVER RATIO
The journal makes the sugues, į tion in connexion with the revela- Shanghai Stock Exchange in the enquiry that while Mr. J. P. Mor- gan did not pay Income tax in the During the course of the day. past few days, Fire threatened an Erskine Viscount Ishii. Mr. Debuchi, the
United States during the years (e) a land, sea or air attack on lear us it was being brought over Japanese Ambassador in Washing- a State or its vessels, or its air-from Kowloon on a
The result has been a spectacu-¡1931 and 1932, he paid his income! vehicular ion, and Mr. Funni, the Deputy-lar rise in local rubber share tax as usual upon his Birtish pro. craf.
after 9.30 last Governor of the Bank of Japan, quotations, which have been inerty. (d) the establishment of a naval ferry shortly
This somewhat paradoxical blockade of a State's coast or ports, night.
enlled upon Mr. Cordell Hull at the going up by leaps and bounds. was in mid-State Department and discussed Many of the shares of the situation, since the bulk of Mr. (b) support given to
When the ferry armed bands which have invaded another stream smoke was seen to issue economic and monetary questions Shanghai companies are being Morgan's property is concentrated
from the radiator of the ear, and in
with the State's territory.
World quoted at twice and oven thrice is the United States, came about alive to the danger, the deck hands Economic Conference.
the price of only a few days ago, as the result of the fact that Ame- capital depreciation and Stock
ber shares as swept over the tion during the Senatorial Morgan U.S. 16 TO 1 RESOLUTION
These diinitions
were
Изине
Renter
DIVERGENCE OF VIEW
connexion
allowed!
the taxable income,
The British income tax laws do not permit the same deductions.
SHELVED
RAILWAY SMASH
IN LONDON
FIVE KILLED ON SOUTHERN RLY.
DERAILMENT AND COLLISION
London, May 25. Five people were killed this afternoon in a serious [accident on the Southern
Railway.
a double
It was, in H sense, accident, An ordinary steam locomotive bound from Waterloo Station to Alton in Hampshire, was derailed between, Wimbledon and Raynes Park.
An electric tralu on the up line was at that moment about to pass the loconiutive, and in collided as it became derailed.
TRAFFIC SUSPENDED.
Considerable wreckage bestrew- ed both the up and down lines and all traffle was temporarily blocked. Assistance was soon forthcom- ing, but five of the passengers were found to have been killed. Two others received injuries of a serious character and the list of those who suffered minor injuries was considerable.-Reuter.
A REVIVER!
OXYGEN COUNTERACTS LIQUOR
FREE HAND FOR DELEGATES
Washington, May 25, The Foreign Affairs Commit-cently.
Now Haven, Connecticut. The sensations usually attend- ant upon the consumption of alcohol can be counteracted partly by inhaling concentrations of Oxygen, the New York branch of the American Psychological As- sociation was informed here re-
The report on Intoxication wha
tives to-day decided to shelve the feertain tests found " curlons resolution requesting that the similarity between ordinary drun
kenness and the symptoms mani- United States delegation at the fested by mountain THE FIRST STEP,
climbers, Meanwhile, one step in this World Economic Conference bo aviators and other persons work- ing or dwelling in places where direction has already been taken, instructed to support the remon
the oxygen content of the atmos- the sub-committee handling the
phere is low, Public Works Taxation Bill having etisation of silver at a ratio of
Effects
both produced
by approved an amendment to limit sixteen to one with gold.
alcohol and by anoxemialack of Prime the deduction of capital losses
mental oxygen-nre: Retarded processes, loss of motor co-ordinn- tion, loquacity, tendency to repeat phrases and activities, lack of self- in- withhibitions.---Reuters.
promptly got to work with fire- Dr. Hornbeck, the Chief of the although they are still very low, rica's income tax laws upon the Soviet's suggestions.xtinguishers with which the craft Far Eastern Division of the State of course, as compared with their Market losses to be deducted from tee of the House of Representa-presented by two doctors who by
was well equipped.
Department, and Mr. William 1929 quotations. The bonnet was quickly uncov-Bullitt were also present.
DUTCH PROSPECTS. ered, and sprays of chemical foam were directed into the eng. LUNCH WITH MR. HULL.
The remarkable buoyancy in inen, where it was believed the:
This afternoon, Viscount Ishii the rubber share market appears. of electric wiring. trouble originated with the fusing ts, lanching with Mr. Cordell Hull, to be due, mainly. to the poa-
the that after which he will call at the sibility
may White House for private confer Government
restriction agreement, ence with President Roosevelt.
The fact that the
· AT CONFERENCE
London, May 25. Divergent views were expressed in the General Commission of the Disarmament Conference to-day! when naval disarmament was con. sidered.
OWNER UNAWARE.
The outbreak was put out with-i in a very few minutes, and the The French delegate, M. Massi-owner of the car, who was travell gli, considered that qualitative ing on the upper deck, did not disarmament should be applied unlearn of the mishap until it was] sen na on land and advocated all over. reduction in the size of capital
This is the first incident of the
In the evening, there will be a formal dinner and reception.
SILENCE PRESERVED.
Later.
Dutch
new come to
#
| Minister, Dr. Colijn, is assuming from taxable income for one year,
also the portfólio of Minister for —Resutr. the Colonies, is generally ne- cepted as a good indication that
The resolution was shelved at the request of Mr. Cordell Hull, the Secretary of Strie, who will be America's principal delegate, who gation be left free to deal the silver situation according to circumstances.-Reuter.
ships to 26,000 tons and of cruis-kind since the commencement offwith President Roosevelt for over favourably disposed to restriction! BOSTON BLANKED asked that the hands of the dele- criticism and releasing of
ers to 8,000 tons,
The London Naval Treaty to the vehicular ferry service. The an hour and a half.
Viscount Ishli conferred alone the Government will be more
schemes than their predecessors distinguished Japanese in oflce.-Renter. visitor declined to reveal the topic of their conversation. He said he will probably confer again with the President to-morrow.-Reuter,
The deckhands are commended by the which Franco is not party-should, Police and Ferry authorities for he said, be revised and there their presence of mind in the mat, should be a general treaty for all.
JAPAN'S PROPOSAL..
The Japanese delegate, Baron
ter,
Sute, proposed that a new naval SIR JOHN SIMON'S
agreement should replace the Wa
shington and London naval treat-
ics and that it should be included
in the future disarmament conven-j
tion.
ADVENTURE
The British delegate, Captain PLANE FORCED TO GO
Anthony Eden, having pointed out
that Britain had not built up to the tonnage allowed her by the London Naval Treaty said that as
BACK TO GENEVA
London, May 25,
Sir John Simon, when flying to
ROYAL TOURNAMENT JUBILEE
King Receives Great Ovation
London, May 25.
TARIFF TRUCE & CURRENCIES
STATEMENT BY THE CHANCELLOR
OUT
SENATORS SCORE FREELY
Washington. May 25. Chicago and Cincinnati in the National League and Cleveland, Philadelphia and Washington In London, May 25, the American League won base- Answering 丸、 Parliamentary ball encounters to-day. question, to-day, the Chancellor
to
113
.
cabled by
NATIONAL LEAGUE.
R H E
Chicago Boston
3
7
1
Ο
2
3
(Malone pitched for Chicago).
Cincinnati ..... Brooklyn
10
MARKET CONDITIONS.
The silver market appears to be steads, though the opinion is still held that there is little strength. London prices were marked down one-eighth ready and forward. din buying and the Continent solfing.
the
After the official fixing, America The Senators scored seven came into the market as buyers of Exchequer, Mr. Neville Cham- against St. Louis, and Malone and prices held firm.
In New York, there is a feeling berlain said that if anything un- blanked out Boston.
Reuter of Scores
uncertainty although: foreseen occurred in regard
market ruled' steady enough. The currency levels during the tariff were:-
quotation was an ofghth down at result of the Washington Treaty Paris and London from Geneva
The King and Queen to-day at-truce, the organising committee
33%. Futures were down a little 1,250,000 tons of ships had been this afternoon, encountered such
more. Business done amounted destroyed and the way had been thick fog that the, machine had to lended the opening performance of the Economic Conference would of the Royal Tournament at no doubt meet again to consider
to about 3,000,000 ounces. how to deal with the situation.- prepared for the further reduc- return.
He set out again later, but had Olympia. tlona mnde at the London 'Naval
This year marks the Jubilee of British Wirelcas, Conferences where capital ships to cancel his intention of seeing were further reduced, and gun Monsieur Daladier in Paris, and the Tournament which always London contributes a large sum to service calibre limited, and where five continued through to cruisers which Britain intended to where to-morrow he will attend charities, and in which Navy, build had been, stopped.
the Cabinet meeting in the morn- Army and Air Force give display Ing and take part in a foreign which is recognised as the most! affairs debate in the Commons attractive features of the London! The King received a great, ova-| tion as he inspected the guard of honour provided by nil three fight-| ing services. British Wireless.
BRITISH CLAIM,
Britain had reduced total ton-during the evening.
Sir John Simon expects to re- nago by 100,000 tons and asked other countries to act in a similar turn to Geneva in a fow days and will probably see Mr. Daladler on ihe
way-British Wireless.
mannor.
The next naval conference, duo In 1955, should, in his view, con- siat not only of the big naval pow.j era but should be open to all pow-
Eden's remarks.
He pointed out that the two
ere interested in naval matters. naval trenties had halted the naval
He urged that the princplos agreed armaments race, and he expreBR-
to by the five naval powers bed a desire that the London Treaty's respected by every body, that the framework should be completed by
sensun.
REDUCED BANK RATE
THE MAHARAJAH OF. ALWAR
1 * 1
The Pittsburgh and New York
QUESTIONS ASKED IN game was postponed on account of
COMMONS
•
rain.
AMERICAN LEAGUE.
London, May 26. Asked whether any guarantee would be obtained from the Maha-
Boston Cleveland
2
7
2
3-
#
1
+
rajah of Alwar before he is per- (McManus homered for Boston), mitted to resume administration
Palladolphin
4
$
3 12 0
The Hongkong dollar was also marked down an eighth, to-day's demand rate being in. 44. The market is featureless.
INDUSTRIAL ADVISERS
| ATTENDING ECONOMIC
CONFERENCE
London, May 25. of his state at the expiration of
Mr. Stanley Baldwin stated to two years during which he has Detroit
day that the Government wor agreed to leave his state, the Be Bishop, Coleman and Higgins arranging for the
appointment of cretary for India, Sir Samuel homarad for Philadelphia, and Industrial advisors to the Valted status be maintained until the the signature of France and Italy. NEW YORK RATE NOW Hoaro, sald that all questions of there were twelve Inninga).
Ha urged the delegatos to accept next conference and that negotia tions should continue so that fur-the Article in the British plan by ther and important reductions which the signatorics to the naval might then he made. The American treaties would remain bound by delegate, Mr. Norman Davin, ex- the reductions therein imposed. Bank has reduced its re-discount
3-feli-approval of Cants in British Wireless,
2 PER CENT.
New York, May 25. The Now York Federal Reserve rate to 2 pèr éont-Router:
this kind would be considered by
Kingdom delegation at the Economia Conference so that the 2delegation could consult them if
occasion required, des
The Last of advisera would be given InterBritish Wireless.
7 14 0 paratiount power in deciding, Washington ..
2 when the time came, under what St. Louis...***
The Now York v Chicago match conditions it would be advisable.
for Ills Highness to return to his was abandoned owing to rain.
state-British Wireless..
THE FUTILITY OF TINKERING
Mr. Dodwell on World Problems
ex-
Great hopes of the World Economic Conforonco word pressed by Mr. S. H. Dodwell, presiding this morning at the annual meeting of the Union In- surance Society of Canton.
He expressed the hope that the representative of the nations would face the facts and realise bolster the fatility of trying to up impossible positions.
Conditions to-day cry out
for
some rapid adjustmont, he said.
A full report, of the meeting will appear in our Final Edition,
"TELEGRAPH" ART SUPPLEMENT
Opening ofthe Empire Fair.
Pictures taken at the open- Ing on Wednesday of the Em pire Fair will form one of the'. principal features of the Telegraph" Plotorial Supple- ment to-morrow, p
*Therutual diverse array of pictures of local interest will bo included, among the events covered bafng the L.B.C. sporte: the Sacred Heart sports, save- ral weddings, the Wheeler Woolsey visit and so on.