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The
FIRST EDITION
Hongkong Telegraph
FOUNDED 1881
No. 1403
三拜禮 號一廿月六英港香
WEDNESDAY, JUNE. 21, 1933. 二日九十月五
SINGLE COPY :30 CENTS $14.00 PER ANNUM
DUNLOP
is the
SAFEST TYRE
OUTSPOKEN CHALLENGE BY HON. MR. BRUCE
King Feisal of Iraq, with one of his Ministers.
KING FEISAL IN LONDON
COLOURFUL SCENES IN STATE VISIT
GREETED BY HIS MAJESTY
Under-Consumption the Prime
Prime Cause of the
Cause of the World Crisis
AGAINST PLANS FOR
1
RESTRICTION
SENATOR PITTMAN AS CHAIRMAN OF SILVER COMMITTEE
WORLD CONFERENCE
DISCUSSION
AN OUTSPOKEN CRITICISM OF PROPOSALS FOR REDUCING THE PRODUCTION OF COM- MODITIES WAS VOICED BY THE HON. STANLEY BRUCE AT THE WORLD ECONOMIC CONFER- ENCE YESTERDAY.
•
Mr. Bruce denied that over-production was re- sponsible for the world crisis and argued that the true solution was to be found in increasing consumption by increasing purchasing power.
MR. CHAMBERLAIN ON BANK POLICY
was also accepted.
SILVER QUESTION.
London, June 20. At the Conference to-day, the Chancellor of the Exchequer, Mr.
A sub-committee to deal with the. Chamberlain, sparking in the sub- committee of the monetary com-silver question, over which Sena- anission which is considering im tor Pittman will preside, we also mediate measures for dealing with the world trade depression, de-
London, Juno 20. King Feisal of Iraq wae glvén a notable reception when he reach- ed England on a State visit to-day. As his steamer, escorted by four of Britain's fastest destroyers andclared that cheap money was in nine aeroplanes, entered Dover dispensable for trade recovery and Harbour, a Royal Salute of twenty-
urged the banks of world to one guns was fired.
reveal their money policy for trade
The King's second son, the Duke of York, with the Iraq Minister, went aboard to greet the king and introduced to him the British suite which has been attached to him for the visit and accompanied him to the special train on which he proceeded to London,
Awaiting the Royal visitor at Victoria Station were King George, the Prince of Wales, the Duke of Gloucester, the Prime Minister and other members of the Cabinet, heads of the Services and many other distinguished people who wore either uniform or levee dress,
GRENADIERS PARADE.
The Grenadier Guards, with the King's Colour, formed the Guard of Honour and helped to create an impression of pageantry which has not been equalled in London for some time.
and industry.
He recalled that since October, 1929, wholesale commodity prices, expressed in gold, had declined one third and raw material prices from fifty to sixty per cent.
POSITION OF TRADERS.
set up..
During the sitting of the eco- nomic commisalon where the general discussion was mainly devoted to the subject of what the Australian Minister Resident in London Mr. Stanley Bruce, said Australia felt was the great object
of the conference namely to in- crease world purchasing power and, as far as possible, avoid the remedy of a reduced-would-pro-|- duction.
"Restriction
of
view of the Nantes Exprous diamster in which many were killed and injured early this month.
Photo, Planet News, by air mail.
GERMAN DELEGATES WALK OUT
NO EFFORT MADE TO
ERTOP THEM.
L London, June 20. The German delegation; to the International Labour '. Conference has withdrawn.
No steps were taken by the Bureau to prevent their departure or to find a com- promise. It is the view of the Bureau that no affront of any kind was offered to the delegation.
Dr. Ley accompanied by his colleagues left for Berlin in the evening-Reuter.
production handlar myteng katt
seems to us to be a terrible policy
to accept." he said.
As long as truders thought "We in Australia have great prices were going to be still worse obligations to the world to develop they would not embark on business a great continent and to utilise operations. Therefore any action all our resources for the benefit which has the flavour of deflation of mankind.” on the part of the central banks would be extremely injurious.
THE COMMON GOOD.
AMERIGA'S TRADE
OFFICES
DRASTIC ECONOMY
MEASURES
The ortier from Washington
the Continent.
office will be reduced from
tho
AIR MAIL TO SHANGHAI
SPECIAL TEST FLIGHTS
AN AUGUST START LIKELY
Shanghai, June 21.
It is now stated that the pro- |fected aerial service 'connecting) Shanghai and Canton will be formally inaugurated in August, while special test flights will be Įmade sometime this month. The two stopping-places will be locat- ed at Wenchow and Amoy.
report, no definite arrangement
At the moment, according to the
has been made for continuing the service to Hongkong, although this is contemplated by the promoters.
The subject is belleved to : bej under discussion with the Hong- kong Government.
T. V. SOONG'S ACTIVITY
DISCUSSIONS ON FAR EAST
VISITING OTHER · CAPITALS
Paris, Juno 20.
It is understood that M. Paul Boncour and Mr. T. V. Soong had |a general talk on the Far East- ern situation, Mr. Soong explain- ing his view to the French Gov-" ernment. There was no question of his asking for a lonn.
It is believed that Mr. Soong Inlends similar visits to other | European governments, although no special importance is attached to the interview and it is emphasia- ed that Mr. Soong is returning to London on Thursday to lunch with Mr. Ramsay MacDonald.
DETAIL WORK.
|- Mr. Soong is leaving the detail work of the Chinese delegation to the World Economic Conference to other members of the contingent, leaving him free to undertake ox- ¿ changes of views with the repre-
KRISTIAN @ZANIMAJICHSTROKES
GREAT BRITAIN AND sentatives of other Powers on the
SILVER
GOVERNMENT URGED
TO ACT.
The monetary committee of the Federation of British Industries ---an organisation representativo of all the leading firms in the country-passed an important re- solution to-day, urging the Bel- Lish Government to give every chcouragement to any practical proposals to raise the value of silver in relation to gold and to promote the stabilisation to vil- ver-Reuter.
BRITAIN WIN ALL FIVE
CLEAR CUT WIN IN DAVIS CUP
Far Eastern altuation and also, it is believed, discussing proposals by which his offer, during the plenary sesalon, of China as the key to a solution" of the
world crisis, might be acted upon.
In an interview in Paris to-day, Mr. Soong told Reuter, that he was visiting the French capital to pay his respecta officially to the head of the French Government and the Minister for Foreign Affairs "fol- lowing an invitation from the French Government which he re- ceived while he was in the United States.
be
VISITING OTHER CAPITALS. Later, in the same way, he will Berlin and visiting Rome,
Genevi
While he proposes to take ad-. vantage of the opportunity to establish direct contact with the heads of the leading European- governments, he had so particular subject to bring before the French ministers.
London, June 20. As anticipated, Great Britain on
They had been exchanging views the Far Eastern situation
Final details as to schedule will to-day at Eastbourne, won the generally. He was not trying to "We attach importance to the It had been suggested many which effected the closure of the be determined upon the results of remainder of their matches ralse any further loans.
"HAVE TO BE SATISFIED. suggestion that the intentions of times, said Mr. Bruce, that the American Trade Commissioner's the test flights, although it is against Czecho-Slovakia in the
Asked whether he was satisfied' the banks should be stated so that trouble was that the primary in Office in Hongkong has also had hoped to shorten the time between sermi-final of the European Zone all the world may know the purpose dustries of overseas countries had drastle effect in England and on Shanghai and Hongkong to be of the Davis Cup, making a clean with his talks with M. Paul-Bon- and the policy which they intend increased their production and
tween five and six hours.Special,
jaweep of the five rubbers.
{cour, Mr.. Soong repiled: "Of We are not to regard disorganised the world markets, It is understood that the London
Fred Perry did not Jinger to ad-course, I have to be satisfied!" to pursue. cheap monetary policy as constitut.
mire the scenery in disposing of
Mr. Soong is seeing M. Daladier There was a cordial greeting ing by itself a remedy for all the tion. There had been an increas-two, while the stair of 25 at Ber-1 That would not bear examina-present staff of eleven men to but
Hecht. He beat the visitor in again to-morrow and apparently. evils that inflict the world. Buti
straight sots 6-2, 6-2, 6-2, and was It is not quite certain whether he obstruction of European in will be cut to about half. cheap money in the financial ing
BO completely the master, that he will leave for London to-morrow, dentrek 18 the indispensable markets by an over-rising tide of It is further learned that atị
won his points just whenever he Reuter. background against which the protection for European agricur- least 24 members of offices on the
thought it. economic recovery of the world ture. The rosult of the quotas im-Continent will likewise be recall can take place.
posed had been to stimulate infed. England production as well as to
on
between the two Kings and numer our introductions were made both sides before the procession of carriages in the first of which sat King Felsal and King George, the Prince of Wales and the Duke of Gloucester, proceeded to Buc- kingham Palace through large crowds which heartily cheered the Royal visitor-British Wireless.
LAST NIGHT'S STORM
HEAVY RAIN, BUT FOR A SHORT TIME
Although last night's thunder- storm appeared to bring with it ex- tremely heavy rain, the readings at the Royal, Observatory, show that between 10 pm, and 11 p.m. the fall was .289 inch, most of it within a very short time, and bo twoon 11 pm. and midnight a further .220 inch was added.
The total in the 24 hours ended at 10.30 am. was .70 inch.
GERMAN SHIPPING
LOSSES
H-AL AND N.D.L. DEFICIT.
Total lossen 'nmounting to 20,- 000,000 marka wore suffered by the Hamburg-Amerika and Nord. deutscher Lloyd' companies during 1932. The companies have agreed
-to share the.
Dear money, or even in the present conditions moderately dear money, is a handicap to world re- covery.
CO-ORDINATION.
"I want to emphasise the ex- trome desirability of co-ordination į
credit polley batween the la central banks. If those banks tven if opposite directions or pursue policies which lead in.. they adopt different methods in
The men returning from London' raise prices. This was an Inter-liave been ordered to leave im
(Continued from Page 7.) Imediately or by July 1 at the lat~!
SOLO FLIGHT BY WILEY POST
ANOTHER ROUND-WORLD
EFFORT
According to a report from Day- trying to achieve the same end we ton, Mr. Wiley Post, the Amerlean shall not necure what we want."
afrman, holding, together with
est.
HEAT WAVE HITS MIDDLE WEST
DAMAGE TO CROPS REPORTED
H. W. Austin followed this up by gaining a clear cut victory over Menzel, although the loser maung
ed to obtain one sot. '
In fact the Englishman had all' his work cut out in the first two acts. He lost the opening stanza
New York, June 20.
to Reports of damage сгодя The position in which the re- owing to the intense heat way
In the Middle West caused called men will find themselves break on the New York Stock E-6-3, and had, to fight his hardest when they return to Washington is unknown.
TAIYUAN STORM
ANOTHER SERIOUS
VISITATION
Taiyuanfu, Jung 21.
He added that governments Gatty, the title for the world-girdi- Talyuanfu, the capital of Shan- should see that their contral banks ing record flight, "has decided to Bi, was agalit hit by a disastrous had the powers' required to pro- take off on July 1 from the Floyd hailstorm yesterday afternoon. In serve an open credit policy. Bennett Field in an attempt to es- many parts of the city the ground:
tablish a new record for a solo was covered inches deep with | flight around the world,
GOLD STANDARD.
་
SHANGHAI PLAN
hallstones' and considerable damago has been done to property. —Special !
change to-day.
to save the second at 9-7. There
In the morning, with the dollar after Menzel faded from the pic- showing. a record depreciation ture and went out to win at 6-1. level, prices jumped in all soc- G-1.-Reuter. tions of the market, but later heavy profit-taking and short-
selling caused a slump and prices VERSAILLES PACT
cased off to lower than the open- ing rates.Sivan, Culbertson and Fritz.
ANGLO-DANISH TRADE
RATIFICATIONS OF
PACT EXCHANGED :
ANNIVERSARY
GERMANY TO FLY FLAGS AT HALF MAST
man
KWANGTUNG RIVER LEVELS
STEADY SUBSIDENCE
CONTINUES
The steady fall in the level of the rivers in Kwangtung Province continues generally, although a slight rise from 9.9 feet to 10.5 feet
was recorded on the North River at Tsingyuen yesterday.
At Samshui, the North River la down from 17.4 feet to 14.0 feet.
A further fall of three feet has taken place on the East River at. Shishing where yesterday the At the suggestion of the Gor-level, was 22 feet against 25.3 feet. Government, flaga will be on Monday.The East River is flown at half mast on all public down from 6.3 feet to 4.4 feet. buildings throughout Germany on June 28, the uuniversary "of the algning of the Treaty of Versall Jes. London, Juno 20. Ratifications of the Anglo-
National organluations are plan Danish trade agreement were exning to hold meetings and demon. changed at Copenhagen to-day-be-atrations, while special lessons on tween the Danish Promier and Mr. the significance of the day will be Hugh Gurney, the British Minis: given in all schools.. | Ministry of War to wind up Its
The general committee of theter. The Agreement ontars: Into nffairs before the end of the month. Fedoration of Master Colton force Immediately.British Wire- An addition, proposed by Lord The staff will be transferred to Spinners have unanimously, passed a Hallsham, that each country other arcaenals for service. It is a resolution urging the Britis should be free to determine the stated that the Government intends Government to cooperate with tie increase in the price of silver and time and the parity at which it to transform the Arsenal into an United States, Canada, the Argon International:stabilisation should return to the gold standard hutomobile. factory.
tine and México in secuting" an | Britiak Wireless!!!
The Second monetary sub-com- mission, after some discussion, adopted unanimously the first two points in the United States reso- lution, namely, "that it is in the interests of all that stability in the international monetary fold should be attolaed na quickly as possible and that gold should bo The Shanghai Arsenal at Lung- re-established as an international hus has been measure of exchango valuos.”.
ARSENAL TO BECOME, CAR WORKS
instructed by the
STABILISATION OF· SILVER
LANCASHIRE RESOLUTION.
London, June 20
less...
Suffering from injuries caused whion
CHINESE POST OFFICE
HEADQUARTERS TO BE MOVED
Nanking, June 21.5% he fell through a fanlight from the
The government bha announced top to the lower floor at 128, Temple that the head office of the Chinese Street, yesterday, Tao Teong-mul, arco 24, was admitted to the Kwong Post Office now located at Shang- Wah Hospital yesterday, in a serious hof, will be removed to Nanking sometime before October.Specials.
condition