SLUMP IN DOLLAR
ROOSEVELT STILL OPPOSED
TO STABILISATION
BACK TO OLD PARITY
London, July 20. Apprehensive of the effect of
RECOVERY DICTATOR
PLANS APPROVED BY CABINET
NEW INDUSTRIAL CODES IN U.S.
Washington, July 19. The Industrial Advisory Board composed of members of the Cabinet have formally endorsed
the deliberate devaluation of the plans of Brig-General John- the American dollar upon the Bri-
son, the Administrator of Presi tish tariff schedule, Conservativo members of the House of Com-dent Roosevelt's Recovery Act. mans have tabled a resolution, The "Recovery Dictator has urging the Government to give a prepared a campaign for bringing further measure of safeguard all industry and business quickly where the existing benefits may into voluntary agrementa for wage. be eliminated by exchange differ raising and the limitation of hours.)
caces.
Since the textile isode was 'np-| The American dollar slumped Proved, there has been a general heavily to-day and ronched its old the oil, eant, apparel and building accoloration of the programme and parity level with the pound for the industrien sabunitted their codes to first time since Britain abandoned President Roosevelt in order to the gold standard.
obtain the special privileges that Clovernment enn grant
to
The Immediate response to thilatho altuation was speculation in Lon-those who put their business undor don Conference circles and elty Federal supervision,
circles regarding the possibility of the United States now consent.
Ing to the stabilising of the dollar
In relation to sterling.
1
'NO STABILISATION.
CONTRACTORS' CODE.
Buiting contractors announced that their codo provides for an 'im- medinto increase in employment as woll on an inoreano in wages.
A message from Washington, howover, suggests that this is very Gen. Hugh Johnson, director of unlikely,
the industrial recovery programme, Despite the drop of the dollar does not believe that special codon to below its its old parity, It is bo-will be necessary for the woollen Heved in well-informed circles in and silk textile, divisions. They Washington that President Roose could operato satisfactorily under velt still considers that any stabi. the code submitted by the cotton lisation of the dollar at present textile group. A few additional would check the rise in prices in clauses may have to be added to the United States.
suit the others but he believed this
112* would be necoptable.
QUESTION FOR OIL INDUSTRY.
4
The Duke of Connaught, whe yesterday dedicated the Masonic Peace Memorial.
CHARHAR WAR NEAR
NANKING TROOPS AWAIT CHANCE TO - ATTACK
Peking, July 19. For the first time since the Charhar embroglio commenced, mediators on the various sides admitted to-day, their inability to continuo efforts at pacification.
The opinion in Chinese circles here is that an outbreak of serious hostilities is now merely a matter of timo,..
General Feng Yu-halang is. re- ported to have declared that In the event of hostilities he can casily hold out at Kalgan for one month.
There is much speculation re- garding the attitude of Sun Tion- ying, whose main forces are still concentrated along the Pingau Railway, allegedly waiting for. transportation to Protow, en route. to Chinghai, Sun Tien-ying, one of Feng's lieutenante; has re- peatedly declared that his troops will depart as soon as sufficient rolling stock is available.
It is feared that hostilities be- tween Fong's men and Central Government troops will break out the moment Sun's forces leave. Renter.
JULY 20** 1933,
SOCKS
RADIO BROADCAST
PIANO RECITAL FROM THE STUDIO
855 metres (84.6 k/c.).
From Z. B. W, on wave length of
6-8 pm. European programme. 6-6.18 p.m.
Ballet Egyption. Suite (Lufgini).
Concert Orchestra. B5001/35902. 6.18-6.50 p.m. A Concert, Song Evening Fair (Bourget
Dobussy). Song The Wistful Moon. (Veriaino-Saule).
Plano Solo-By the Brookside,
Mary Garden (Soprano). 1439,
Piano SoloThe Prophet Bird
(Stojowaki). (Schunnn),
.
Sung By the Short Cut to the
Ignace Jan Padorowski. 1420.
Song The Irish Emigrant Hosses (Hopper-Fox). (Dufferin-Barker),
John McCormack (Tenor), 1628. Violin Solo-At Evening (Friml
Krama).
Violin Solo-Letter of Love
(Cul-Elman), Song-Abacat (Glann-Metcalf).
Mizcha Elman. 1160. Song A Dream (Cory-Bartlett).
Richard Crooka (Tenor). 4000. Song Alda-Return Victorious
6.50-7.17 p.m. Operatie.
Song-Alda-My Native Land
(Verdi), (Verdi).
Elsabeth Rethberg
(Soprano), 7100.
MASONIC PEACE SOUTHWESTS APPEAL. Band Cavalleria Rusticana
MEMORIAL
FINE BUILDING DEDICATED
CEREMONY IN LONDON
Pleads With Nanking For Feng's Cause.
WITHOUT EFFECT.
The weakness of the dollar is
Nanking, July 18. Jn identical telegrams addressed. attributed in New York largely to
to Mr. Wang Ching-wel, Dr. Sun speculation in a thin market and
Fo, Mr. Yu Yu-jen and Mr. Chu to forward purchases of foreign industry faces a particularly difficult It was revealed that tho oil
Cheng, President of the Executive, exchanges by American Importers
London, July 19.
Legislative, Control and Judiclat who are anxious to protect them- problem in ita pregramme to reduce
Yuans respectively, General Li Chi- selves from a further slump in be reduced under the
The magnificent new head-shen and General Chen Ming-chu, production. While production will
recovery quarters of English freema- two Southwestern leaders, praise American currency:
Rystem, the East Texas field was sonry was opened to-day by the Marshal Fong Yu-hsiang for the reported in a position where it was Duke of Connaught, the Grand defence of Charhar and appeal to degree than others. compelled to reduce to a greater Master, in the presence of six Nanking leaders to halt the advance thousand brethren from all parts of Peking troops into Charhar "in of the world.
order to save national strength."
TREASURY OFFER. Meanwhile, as a sequel to the United States going off the gold standard, the British Treasury Geologists reported that the Esat has made an offer to exchange Texas fold, which has been flowing U.S.$188,000,000 of 20-year 5% at a rate of about 1,000,000 barrels per cent gold bonds, outstanding daily, will cease to flow entirely in from the loan of $250,000,000 rale: a year. After thint, it will have to ed by the British Government in bo pumped.
The building was erected as the Masonic Peace Memorial and it coat a million pounds to build. It contains seventeen lodge rooms.
The building dedleated by the for the craft. It is built in Queen Street, London.
The monument brought to com- pletion by to-day's ceremony was initiated in 1919, the day before the signature of the Treaty of
the United States in 1917, on the In order to keep the field flowing Duke is to be the new central home basis of $200 of 21⁄2 per cent and avoid the expense of installing bonda, repayable in London on pumps, producers in that area are February 1, 1937, for every thou-planning to reduce the flow at least! 'sand dollars' worth of gold bonds. one half. -If the offer is fully accepted, the
result will be un increase. In the This group, as in the case of principal from £28,000,000 to other industries, will conform to Versatiles. £35,000,000 but at the game time to Fodoral supervision designed to It was decided that $1,000,000 reduce the Interest from $1,540,- keep production at a level with 000 to £886,000,000 Reuter. domostic needs and thus cubance
| the price.~Reuter.
ނ
POST FORCED TO
LAND
BUT TAKES OFF AGAIN QUICKLY
Moscow, July 19.
Wiley Post has again run into unfavourable weathor and he will
COMMUNISM IN GERMANY
SHOOTING AFFAIR ・・
AT RINTELN
Berlin, July 19.
should be raised for the building and endowment of the structure and this has been obtained by voluntary subscription. The foundation stone was laid by the Duke of Connaught six years ago.
-KING'S-MESSAGE
In the course of his reply to a telegram of loyalty, the King expressed the hope that tho temple "may
ever да
despatched to-day, states that re- Mr. Wang Ching-wel in his reply,. gardless of Marshal Feng's motives, tho Charhar situation is fraught with dangerous possibilities. Mr. Wang pointed out that Marshal Feng's forces took Doloner from defected Manchukuo forces and not from Japanese troops. He ex- pressed the hope that Marshal Feng Yu-haiang will surrender his military and political powers in Charhar to the Central authorities and thereby clarifying his attitude. Finally, Mr. Wang Ching-wei requested General Chen Ming-chu and General Li Chi-shen
to urge Marshal Fong to do so.-Rentor.
LEAGUE-ASSEMBLY-
MEETING
stand for NOW POSTPONED UNTIL
SEPTEMBER 25
▾
Selection (Mascagni).
Creatore's Band. 85815. Song-Faust-While You Play at
Sleeping (Gouned).
Song Barber of Seville-Slander's
Whisper (Rossini).
Marcel Journet (Enas). 6558. 7.17 p.m.
Closing Local Stock Quotations, etc. 7.19-7.30 p.m. Cleopatra (Symphonic Poem) (Mancinelli arr. Creatore) Creole Rhapsody (Ellington).
Creatore's Band. 36045.
Duke Ellington and Hle
Orchestra. 86040. A Planoforte recital by Miss Doreen
7-10-8 pm. From the Studio, Mia.
Programmo.
Star Dust Novelty
Tell me.To-night.
2. Smile and Sing Your Caros
Anvay
1. Guess I'll Have to Change
my mind.
Lot's How Marry
Turn Out the Lights
Deep
де
is the Ocean?
Three's a Crowd My Darling
3. Lover Everlasting
Call me Darling Merry Widow
Play Fiddio Play
Love's Sweet Dream
More than All the World to me Masquerado.
8 p.m. Local Time and Weather Report.
Studio
8.9-10.30 p.m. Chinese Concert.
10.30 p.m. Rugby Mid-day Press News.
10.35 p.m. Close Down.
All records in the above European programmes are kindly supplied by Messrs. Tanng Fook Piano Co.
GIRLS BOARD A VESSEL
TWELVE SUMMONED THIS MORNING
a memorial to that apirit of comradeship which united Freemasons to-day in re- Communist activity throughout who made the supreme sacrifice in membering that their brethren
London, July 19.. be compelled to land to-day at the country is reported by the the Great War should never be for Assembly · duc
The annual meeting of the Leaguo Rukhlova; some saven hundred police, who state that their invea-gotten." The Grand Master do- September 4, has been postponed women, who were caught on board"
to begin
A on
batch of 12 young Chincac miles from Habarovsk, for which tigations have led to the discovery dicated the building, "To Free- until September 25, The Secr the steamer Athel Empress last he was destined.
of rifles and ammunition In ກ doserted mine in Thuringia, and sal benevolence."-British Wire- consultations with the Governments Newill at the Marine Court this masonry, to virtue and to univer-teriate decided on this step after night, appeared before Commander bombs and explosives in the less. neighbourhood of Dresden.
He decided to set off again al- most immediately, but no news of his arrival has yet been received. Tho airman cannot afford to loas very much more time if he is to
succeed in his attack on the record.
his
To onable him to achieve ambition, he should take off from Habarovsk for Fairbanks, Alaska, to-morrow at dawn-Reuter.
BRIGHT OUTLOOK FOR RUBBER
Probable Anglo-Dutch
Co-operation
A number of arrests have been made, including twenty-two at
ACKNOWLEDGMENT.
Rinteln, in Hanover, as a sequel Mrs. Me' Caig, sister of the inte Mr. Ellama, desires to thank all frionda for their kind sympathy and floral tributes in her and bereavement.
to an exchange of shots, in which munists were severely wounded. a policeman and several Com-
-Reuter.
DAY BY DAY NEWS IN BRIEF
THE BOUL IS STRONG THAT TRUSTS IN GOODNESS.--Massinger.
There was a clean bill of health in the Colony on Tuesday,
Mr. A. C. Franklin, F.I.C., return-| The Office of the Consulate General ed to the Colony yesterday by the of Italy will be removed from the "Empress of Russia.”
first of August 1930, to the Exchange Buliding, 2nd Floor, Des Vocux
The ceiling fans in the Central Road, The Haguo, July 19.
hardly any Dr. Collin, the Prime Minister, Small Court giving accompanied by Dr. Waals, the head ranzo, Mr. Wyano-Jones this morning. of the Economic Suction of the sent for a desk fan, which he had placed on the witness stand, for the Dutch Colonial Office, have left for convenience of Counsel, Police officers London.
and the Press seated at the table.
A fine of $100, or six weeka was
It is believed that Dr. Wasts will discuss with British exporta the question of co-operation between the Dutch and British Government regarding rubber restrictions. this Houter.
AIR ARMADA IN NEW YORK
GIVEN WONDERFUL WELCOME
partly because of the continuation morning. They were charged with of the Economic Conference until boarding the vessel without lawful July 27, and partly to give time for permission.) the development of negotiations All of the defendants pleaded upon which the President of the guilty and were each fined $20. Arthur Henderson is engaged." Disarmament Conference, Mr. J Another defendant who Was charged with the samo offence The League Council will meet on failed to put in an appearance in September 22-British Wireless. Court and Commander Newill mado до order for the estreatment of her bail of $50.
DAMAGED SNAPS
Leung Somul, sampan owner, was also charged with using his boat for the conveyance of prosti- tutes out to the steamer. He WARNING TO OUTPORT|pleaded gulity and was fined $50.
PHOTOGRAPHERS
A number of entries In the Tele. SHANGHAI SHARES graph Amateur Photographie Com petition received from the Out- Loung Sul-auet, a box-maker's apports, have been badly damaged
LATEST QUOTATIONS prentice, was crushed to donth -yos-in the post owing to the fact that terday when, making an attempt to they have been enclosed in thin alight from the Mongkak ferry Man cnvelopes. Entries sent by mail the following latest cabled quotations Messrs. Carroll Bros. have received. Sang. He fell in between the vessel should be well protected by card-from Shanghai:-- and the pier.
board. This advice should also be taken in the case of local entrios submitted by post.,
imposed on L1 Sup charged at Kow- Nine months hard labour was im loon Magistracy before Mr. Butters posed by Mr, Jehofield, at the Central morning with placing un- Magistracy this morning, on Wong manifested cargo on board the BYing-chol, a returned banished. Ho and 8. steamer Tainan yesterday was banished in 1980 for life. Ac-| It was alleged that defendant was cused stated that he had come to get found on board with 10 rolls of some money from his mother to enable photograph paper worth $8.50 per him to get to Fukion, roll. Those articles were dutlable when imported into Chins,
the LG.P.'s instructions, Police on hawkers for obstruction were
A dog belonging to Mr. R. Eralda ut yesterday, one in Queen's
ANGLO-SOVIET TRADE
AGREEMENT
COMMITTEE CONSIDERING
QUESTION
Oilver Attacked and bit Lin Seng, a Road Central and a second in Des servant, employed at No.: 458, The Vooux Road Central. Ar com-
London, July 19, Peak, yesterday. Two Chinese living sequence there was a marked increase The Committee dealing with at No. 888, Nathan Road, were in the dally hawkers list in the question of the balance of New York, July 19.
also victims in another caso, Wynne-Jones's Court this morning trade between Great Britain and General Balbo's air squadron loan Hospital after being attacked fendants, pleaded not guilty, had to regellation for how sodra
Being given treatment at the Row A few Police cases, in which the de Soviet Russia in connection with arrived from Chicago to-day and the and bitten by a dog belonging to?"
enable his crew wird ziven a wonderful wel- Ineighbour: The Unlikli Waarkiteki chlí an adverten
SHI
China Finance Corp. International Investmont Trust
Co Cathay Land International Assurance Co. Yangtaere Finance Co. China Realty.
5.00
12.25
10.70
10.75
5.40
14.78
Shanghai Land Investment Co. 89.00 New Engineering and Ship-
building Works :(Ord.)- Shanghai Dock & Engineering
Co.
7.50
137.00
Shangha
and, Hongkew
880.00
42.80
18.00
Shanghat Electric Construction
Comm Ewe Cotton willey Shanghai Cotton
Co Loons Bing
Plain or fancy. what is your fancy?
We have a wide range colours and designs.
May we lay them before you?
PURE SILK.
Plain and ribbed. Self coloured shades of Grey, Brown Beige, Navy, and new ideas in clocks and stripes.
LISLE THREAD,
-
The Aristocrat " sigas, unshrinkable.
SILK & WOOL.
smart
Featured in several weights, comfortable to wear, excellant washing socks.
MACKINTOSHS [TD
ARTS & CRAFTS LTD.
MANUFACTURERS
1
OF
MODERN & PERIOD FURNITURE AND ARCHITECTURAL
JOINERY.
4A, DES VOEUX ROAD, CENTRAL
TELEPHONE 24173.
Have good teeth like these
Pebeco will protect your teeth from decay and keep them strong and healthy, Pebeco Is scientifically prepared to fight the germs of disease; and decay—to prevent pyorrhoea➡ to freshen and keep the mouth and breath pure and healthy.
PEBECO
TOOTH PASTE
The salty, Invigorating flavour of Pebec
medical vali
Is proof of its
PEBECO