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The
FIRST EDITION
Hongkong Telegraph.
FOUNDED 1901
Na 14(28
PA ITAARUF THURSDAY, JUNE 15, 1933.
日三廿月五
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PAGE 5.
MR. CHAMBERLAIN'S WAR DEBT STATEMENT
REPUBLICANS HOSTILE
AN ALL OR 'NONE· ATTITUDE.
Washington, June 14, "The entire. Instalment should be paid, or none," said Senator Robinson, the Republican leader. con- demning President Roose- velt and the Senate for accepting the British part payment in silver at fifty cents an ounce.---Reuter,
ALANQUERYINCANTINSANE LOVERSYRENEES BAYERNIZONTEN ÄRATAMENTULUNGSANTÉR
TENSION IN EUROPE
AUSTRO-GERMAN QUARREL
RELATIONS VERY
STRAINED
Vienna, June 14,
Official relations between Aus-
Ten Million Dollars to
to
Be Paid in Silver
WORLD ECONOMIC CONFERENCE.
CHEERFUL HOUSE
OF COMMONS
TRIBUTES TO PRESIDENT ROOSEVELT
LONDON, JUNE 14.7
BRITAIN IS TO MAKE A PAYMENT OF TEN MILLION DOLLARS TO THE UNITED STATES ON ACCOUNT OF THE JUNE WAR DEBT INSTAL- MENT.
The amount will be paid in silver at fifty cents per] fine ounce. Four million ounces of silver have been ac- quired from the Government of India for this purpose.
Mr. Neville Chamberlain made this announcement
The last of Beaconsfield Arcade.
OF MANCHUKUO
to-night before a very cheerful House of Commons, NON-RECOGNITION stating that this was exactly the offer which Britain made to the United States, as an acknowledgment. of the debt.
NOT REGARDED AS DEFAULT
The Chancellor of the Exchequer rescued at. Lausanne last year.
NO. REPUDIATION.
tria and Germany are exceeding-expressed regret that President ly strained as a result, of the Roosevelt was unable to accede to Habicht incident and
German reprisal.
On the other hand, said the the the British request for a postpone-Chancellor, the British Government ment of the June instalment, pend-had the strongest objection to the Dr. Wasserbaeck, the press at-ing a discussion of the war debts taking of any course smacking of
An
tache at the Austrian Legation in question as a whole.
the repudiation of our obligations. Berlin, who was ordered to leave
Britain 'therefore made the offor German territory Immediately, President Roosevelt had, how-of a payment on account As has been appointed Secretary of ever, accepted the part payment earnest of goodwill. the Austrian Legation in London
Mr. Chamberlain then read a by Dr. Dollfuss, the Chanceller, offer in a spirit of co-operation statement which has been circulated and is proceeding to London im-without prejudicing the freedom by President Roosevelt in Washing- mediately.
of either government in sub-ton stating that it is fair and wise This journey may have some sequent discussions,
to postpone formal representations un the debt subject until later. thing to do with the decision of Dr. Dollfuss to remain in London, Mr. Chamberlain pointed out though there are rumours that he that the instalment of December
PRESIDENT'S VIEW, has been consulting with members 16, 1932, was paid in full in tha of-the-British-Gabinet and that hopa of paving the way to a settle the good offices of Britain may be ment before another instalment be- employed to ease the tension became due. tween Germany and Austria. •
•
LAUSANNE AT STAKE.
It is vitally necessary, says tho President, that the meetings of the [World Economic Conference should not be hampered by a difficult and protracted discussion of the debt I scenied Impossible to contem- Herr Habicht, the press attache plate the continuance of payments problem, but in view of the British to the German Legation in Vienna, of this magnitude, while suspend-representations and in view of the whone arrest caused the tension, ing under the Lausanne Agree-fact that the present part payment|
HABICHT RELEASED.
atrian police oMcial.
is an acknowledgment of the debt
STATEMENT IN HOUSE OF COMMONS.
London; June 14. Captain Anthony Eden, reply. ing to a question by Mr. John Haslam, in the House of Con- mona, staled that the Advisory Committee appointed by the League to consider technical
atters rising out of the Assem bly renolution in reference to the
non-recognition of Manchukuo,
has drafted ablemorandum which is being circulated to members of the Leagoo and to other governe: ments-Routgr..
WALL STREET BLAMED
THE ROBINSONIAN TIRADE
ATTACK ON WAR DEBT DECISION
(Special to "Telegraph")
(By Telagrape, wovuright. Telegraphis |
128J. Received June 16. 10. .,)
has been released. He left Linz ments, the corresponding claims In a motor-car and was accom-upon our debtors. panied to the frontler by an Au- Hlence further payments on that itself, he declares that he has no
seule would have ended the Lau-hesitation in saying that he does Medora Ordinance,
Agreements Vienna activities against the Banne
and again not characterise the resultant situa- Nazis continue and scores of ar-plunged the world into a condition tion as a default. rests have been made, though of uncertainty and despair from somo have since been released which it was to a large Reuter.
SIX PASSENGERS OVERBOARD
BELIEVED TO BE WAR RECRUITS
An
Six Chinese passengers jumped
from overboard
out-going steamer as the vessel was In Lamma Channel yesterday. They pickled up and returned to the Colony by a fishing junk.
were
extent
AMERICA'S DEBTORS
THREE DECIDE ON DEFAULT
OTHERS FOLLOW
BRITAIN
London, June 14. The six men are believed to be
The actual cost of silver trans- Chinese Army recruits, who exer- cised the privilege of changing their ferred from the Raj to the minds after accepting the terms of British Government Is under- enlistment.
stood to bo approximately Their case is being investigated| by the Secretariat of "Chinese $1,600,000 sterling. Affairs.
TAX ON COTTON. AND WHEAT
U.S. PLAN TO CUT DOWN ACREAGT:
Washington, June 15.
Satisfaction is expressed by the ||American delegates at the World Economic Conference of Britain's decision to pay her Instalment of war debt which is regarded as a successful solution, of the Im- mediato crisis which throatoned international co-operation.
Italy is also believed to be pay-
Loud cheers from ali sides of the
OPPOSITION PLEASED.
Washington, June 14. The Republicans are seeking House greeted Mr. Neville Chamber to connect President Roosevelt's lain's peroration on the debt agree-decision on war debts with the iment.
great American private banking houses, which have been subject- ed to so much criticism lately The House was buzzing with because of the Morgan Enquiry, Senator Robinson, who has do- satisfaction, the opinion being ex-clared himself strongly on the pressed that the American de concession made to Britain, de- cision was a good augury for theclared to-night that this is the success of the Work! Economic hundred million dollars from the same Executive who takes four
Conference and may prove the Veterans and undertakes to accept first step to a complete and final ten percent. payment from
Britain." settlement of War Debts,
"He is," says Seriator Robinson, "following the programme of the House of Morgan, Wall Street and organised 'wealth:
Sir Stafford Cripps, on behalf of the Labour. Party, and Sir Herbert Samuel, for the Liberals, congratu- lated Mr. Neville Chamberlain and expressed their deep appreciation to Wall Street, that is all we shall As long as the President listens of President Roosevelt's realism-get from Britain, the House of Reuter
Morgan and organised wealth, who desire to unload Europe's debts on the American taxpayers.”
ECHO OF PAWLEY |--Router.
AFFAIR
AVIATRIX. FORCED
DOWN
MRS. BONNEY FOUND
NEAR LINZ ..
YANKEES AGAIN THRASHED
DOUBLE FIGURES FOR RED SOX
DETROIT SCORE 13 RUNS
New York, June 14. Boston Red Sox administered another sensational defeat to the Now York Yankees to-day, when they hit up 33 runs against the Yankees' five.
,
This followed on their success over the American League leaders on Tuesday.
The Glants were more succ998- ful clinching the issue ngainst Boston, while Chicago' easily best Cincinnati, Root blanking out Cin- cinnati.
Scores as supplied by Router were:
NATIONAL LEAGUE.
Now York Boston
મ
E 3
1
(Ott homored for New York) Philadelphia
Brooklyn
3 8 3 .6 11 0
(Klein and Hurst homered for Philadelphia)
Cincinnati Chicago
0
1
2
0 7 11
(Root pitched and blanked out Cincinnati)
St. Louis Pittsbur
3 7 0 2 10 0
AMERICAN LEAGUE.
Detroit..
4
CROSS-PURPOSES REVEALED
FRANCE AND AMERICA AT LOGGERHEADS
FIGHT FOR FINANCIAL LEADERSHIP
(SPECIAL TO “TELEGRAPH") ·
(By Telegraph. Copyright, Telegraphic Messages' Ordinance, 1804. Received, June 15, 9.11 m.) -
LONDON, JUNE 15.. BEHIND THE SCENES OF THE WORLD ECONOMIC CONFERENCE A FIERCE CONFLICT IS BEING CARRIED ON BETWEEN FRANCE AND THE UNITED STATES, REUTER'S DIPLOMATIC CORRESPONDENT LEARNS.
The dispute is over the chairmanship of the. Monetary Commission, the differences which arose. yesterday still remaining unsolved.
It is now learned that both desire the chairmanship for themselves, France advancing the contention that the conferment of the chairmanship upon the United States would entail a danger of a lead being given to an inflationist policy.
Unless a settlement can be reached in discussion, presumably the question will have to be put to the vote, although both parties are desirous of avoiding such a step.
DEBT SOLUTION CLEARS THE AIR
Mr. Cordell Hull's speech ferring to the British boycott of awakened-considerable--interest Russian goòdá..
as report has it that the contents He hinted that Russia would were modified just before its de-shortly be placing large orders livery on instructions from, Wa abroad, provided long-term credit shington.
· Particular attention was paid to the fact that it followed very closely the programme outilned in
could be obtained.
DEBT SETTLEMENT. ⠀
Dr. Eduard Benes, the leader of
Mr. Neville Chamberlain's speech the Czecho-Slovakian delegation, and the delegates are seeing in speaking on behalf of the Little the situation a united Anglo-Ame-Entento. Powers, said they regard. rican front, the result of the temed the settlement of intergovern porary disposal of the war, debt mental dobla as a matter of the foremost consideration. He was question.
also in favour of the earlicat pos- sible restoration of the gold stan- dard.
SOME DISAPPOINTMENT.
At the same time, the speech of}
Dr. Colijn (Holland) doubted the American delegate caused whether the return to the gold some disappointmont. He was ex-standard was an ideal which was
(Watkins homered for St. Louis) pected to be spectacular, to pro- possible. He strongly urged stops duce proposals for drastic meato prevent wide fluctuations of sures to find a way-out of the currencies, but, he added, the economic chaos, but he contented stabilisation of currencies would bo himself with generalities and the doomed to failure if it was advocation of adherence. to the accompanied by the free circula- tariff truce.
tion of goods: Mr. Hull also insisted that world currencies must, as far as possible,
13 14. 1 Cleveland
+2 8 2 (Averill homered for Cleveland and Stone for Detroit)
2
4
Boston
13 15 New York
.6 12. (Ferrell' and Alexander hom- ered for Boston)
Chicago
St. Louis
14 G 14 15 0
not
He joined Mr. Neville Cha**
bo stabilised and he hinted at an lain in advocating the abolition of International currency standard shipping subsidies,
along the lines suggested before
the Conference opened, namely, an
The adjournment followed after
entirely new International atan a short statement by Dr. Imredi, dard, of any weight of gold which the Hungarian Foreign Ministor. the Conference chose to conter-Router.
(Gullic homered for, St. Louis) upon it.
PRODUCTION OF OIL
TEXAS IMPOSES
RESTRICTIONS
FICTITIOUS UNIT.
It would bo f flctftious unit in actuailty, something on the lines of the Gold Unit system adopted by the Chineso. Marítimos Custome.
CONSIDERED BRITISH
"POLICY
MR. CHAMBERLAIN'S SURVEY.
The British Government's con- In view of the rumours of like adored policy towards the whole ly advocation of bimetallist by
the United States delegate, it is range of the problems before the interesting to note his declaration conference was stated by the that the functions of gold and Chancellor of Exchequer, whose silver should be regulated within speech is to be issued as a Gov-
ornment Paper. Telegraphis the framework of the proposed in Moemiges Ordinaner.- 1881. Received June ternational currency standard.
LITVINOFF AND BRITISH BOYCOTT.
(Special to "Tolograph")
(By – Talegraph, Copyright,
15, '8,88° KM.}
Austin, Texas, June 14. A reduction of one-third of the allowable production of the East Texas ollfold has boon ordered
BANDIT LEADER
Dealing with the present lack FOUND DEAD
of equilibrium between commodity prices and costs, ho said: "In Mukden, June 15,
the view of the Britlah dalagatión," ing only part a part of her war It is reported, that among A
the solution must be found by... debt instalment, whilst Czecho-hundred odd corpses left when the
means of a recovery in prices.De Action in various sphered would The mystery of Mrs: Bonney, the by the Texas Railroad Commission It is authoritatively disclosed Slovakia, and Rumania are follow- Japanese routed bandits under the aviatrix who was reported missing and will become effective. at mid- plenary session of the Contend be necessary. The fundamental
Inight tonight. ..
M. Litvinoff said the Sovlot would monetary condition of a recovery that the Roosevelt Administration ing Britain's example,
notorious leader, Lao Pel-feng on in a flight from Budapest toit is estimated that the order propose a resolution to supple has decided to, levy maximum pro- Belgium, and almost certainly the morning of Tuesday. near London on June 12, has been wilt nereti na ontnut of between ment, the oporomic truce by an orices is that credit should be
Poland Shwangtattze, has been found Pet cleared up.
grossing taxes around four conts a France, la "defaulting,
Vienna, June 14.
London, Juno 14. In the closing stages of to-day's
made available by apolloy of
pound on cotton and from 28 to 80 also won't pay and a note_regard-] Pa-tion, the chief of the captors of She had to make a forced inna/$60,000 and 675,000, barrels per jundertaking for the simultáneous cheap money and that such credit.
the
day,
cents a bushel on wheat in ordering this has beon sont to
suspension in all countries of ́ali ing near Line, but intonde to For several weeks past there hins legislativo or administrative should be actively employed. This, to bring closer acreages of those State Department by the Polish Mrs. Pawley and Charles Corkran resume the flight to England to boon approximately 820,000 bar measures of economic warfare..
together with the revival of busl prope, Reu
last year-Router.
rels produced overy, day-Reuter,
r. (Continued on Page 7)ASS
Ambasandor.Router.
morrow.Reuter
Litvinoff was clearly, res