U.S. RECOVERY CRISIS
THE HONGKONG TEVE
WEDNESDAY,
SEPTEMBER 27, 1933.
RETIRING
BERLIN DEMAND SOLICITOR
REJECTED
QUARTER OF MILLION MOSCOW EXPULSION OF
ON STRIKE
:
WALL STREET'S INTRANSIGENCE
New York, Sept. 26. Strikes arising from the im- position of the industrial codes, now involving a quarter of a mil- lion workers, the restlessness of the farmers and the intransigence of Wall Street are combining to present the recovery campaign with another crisis.
The country is now anxiously awaiting some decisive action by the President in the shape of a monetary policy announcement- and a hint has been given of a possible stabilisation of the dollar in terms of foreign currencies.
Tho slowness with which credit is flowing to industry, as a re- sult of bank insistence upon the "soundness" of borrowers, is In- dicated by the weekly Federal Reserve Board statement, estimat Ing that the reservo deposits, ex- ceeded legal requirements by ovor U.S.$600,000,000, all of which represents Idle capital.
JOURNALISTS
GERMAN.
SHARP REPLY BY M. LITVINOFF
MOSCOW, SEPT. 27. A SHARP EXCHANGE OF NOTES BETWEEN GERMANY AND SOVIET RUSSIA HAVE FOLLOW. ED UPON THE DRASTIC ACTION OF THE SOVIET IN EXPELLING ALL GERMAN JOURNALISTS.
Soon after news of Moscow's action had been re- ceived, Germany lodged, through diplomatic channels, a demand for the revocation of the order.
MR. STEAVENSON OF DEACONS
PRESENTATION MADE
Mr. Dudley Vaughan Steaven- son, the well-known local solici- tor, ia retiring shortly, after nearly thirty years with the firm of Messrs. Deacons.
It is understood that he is leav ing on a tour of the world at the ond of the month, after which he will settle down in Hongkong..
A token of esteem from his col- lengues to mark the occasion was Presented to Mr. Steavenson short- ly before the tifin hour to-day at the offices of Messrs. Deacons, Mra J. Scott Harston, who himself ro tired from Messrs. Deacons a few years ago; being invited to make the presentation.
MR. HARSTON'S SPEECH. Mr. Scott. Haraton said:Mr. Turnor, Ladies and gentlemen,-
M. Litvinoff replied declining to accede to the de- mand, declaring that expulsion was preferable to re- prisals for Germany's "systematic persecution of the Mr. Turner has very kindly asked
representatives of the Soviet Press."
me to attend here to-day for the
Meanwhile, Moscow has rein- the Press of other countries were purpose of voicing the occasion and
forced the order by calling for the withdrawal from Germany of the correspondents of the ofl-
admitted."
LEIPZIG ARRESTS.
The action forms a sequel to the arrest of Russian male and female
on your behalf presenting to our friend and colleague Mr. Steaven son, as a tribute of affection and with the names of its donors which esteem, the Silver Salver engraved is now before you.
cial Taas Agency and the news-journalists at Leipzig on Septem In the first place, I wish to say papers, Pravda and Izvestia, ber 22, when they were taken to that in view of my long nasocia the police station and strippedtion with Mr. Steavenson, I regard naked by searchers.
Mr. Turner's request as a great honour to myself, for which I thank him.
IMPOSSIBLE CONDITIONS. An official statement explaining, the withdrawal of Russian cor- respondents and the expulsion of German journalists, says that the action had to be taken in view "the impossible conditions)
SILVER SCHEME. Senator Wheeler hins revived his silver remonetisation scheme. A code involving five hundred thousand workers in the merchant marine servlees is among the latest scheme presented by the National Recovery Administra- of tion. It provides for a forty-created by German Government eight hour week and a minimum hourly wage of forty cents.
the
General Hugh Johnson, Recovery Administrator, to lay signed nino codes in hospital, where he is undergoing a minor operation.
He expects to approve six more before returning to his offico next week.-Reutor.
SENATOR BORAH-
INFLATIONIST.
New York, Sept. 20.
Senator Borah's latest pro-
nouncement, namely, that in his
opinion inflation is necessary if
The Soviet made a request for an assurance that the incident would not be repeated, but it is
understood that the German Gov-in
rnment refused to give such an
assurance.—Renter,
SUSPENSION OF ORDERS RUMOUR,
I
period of very nearly 30 years. I have known Mr. Steavenson for well remember his arrival in the Colony towards the end of the year 1303, when he came out from Eng- land to join the late Mr. Victor Deacon, whose partnership with According to the Boersen Mr. John Hastings was then rear- bodies for the work of the Soviet Courier, it is officially denied by ing. Its conclusion, and who as Press representatives in Germany, that the Soviet Union has instruct-year 1904 entered into partnership the Russian authorities in Moscow from the commencement of the who had suffered arrests, scurches ed the Russian trade delegation In with Mr. Looker and Mr. Frank and the like and who were finally Berlin to suspend placing orders Deacon under the style of "Deacon, refused admission to the Leipzig cause of political differences be-
for German industrial products be- Looker & Deacon." trial, where the representatives of tween the two Governments.
UNWANTED MINORITY
the host of American unemployed FRENCH VERSION OF
are to be taken care of during the winter, is another indication that there is still a good deal of pro- Inflationary sentiment in existence. Reports from reliable sources would seem to indicate that a de- valuation of the dollar of possibly 60% may eventuate.
Cotton was slightly off in 'to- day's market but light. Southern
IRAQ INCIDENTS
LEAGUE ISSUES
MEMORANDUM_
Genova, Sept. 21.
offerings and reports that the The Secretariat of the League
It is
Government loan is to cover all of Nations issued to-night a tenderable grades, make the pic- French Memorandum addressed to turo look much brighter.
all other members, in connexion thought that perhaps the current with the Iraqian developments." price range approximates the nadir of prices for the current recession.
OVER-CAPITALISATION.
stocks is somewhat remarkable,
of
of
Chaldean encampment had been established, towards the end July, in Syrian territory, its in accuracy, states the Memorandum, has been easily proved.
In those days I used to tiffin at Mr. Victor Deacon's table at the old Hongkong Hotel, and frequent ly dined with him at the Hong- kong Club, where he then lived.
On the day of Mr. Steavenson's arrival, Mr. Victor Deacon invited me to meet Mr. Steavenson and Mr. Holborrow (now a member of At the end of the same month the firm of Messrs. Hansons of the Assyro-Chaldeans, convinced Shanghai) who had arrived with of the difficulties impeding their him, at dinner at the Club. Mr. admission into Syria, negotiated A. G. Stokes, a sharebroker then in with the Iraqian authorities for business here--who was a brother their own submission.
of Mr. A. P. Stokes of. Messrs. Desirous, any's the French Stokes & Platt, Shanghai, and Memorandum, of the benefits from formerly of Messrs. Johnson, the negotiations the Assyro-Stokes & Master-was also present Chaldeans, already advanced into at the dinner. Syria, expressed-their-intention-of- returning into Iraqian territory, and demanded that they be allow- ed to do so with their arms, which
they would later surrender.
A GAME OF SNOOKER.
RADIO BROADCAST
TO-DAY'S BROADCAST.
A PIANOFORTE RECITAL BY
MR, HARRY ONE
4.30.7 p.m. Chinese programme, 0-6.15 p.m. Children's Studio Concert,
7-10.30 p.m. European programme. 7-7.30 p.m. Operatic. Song-Aida-Return Victorious
(Verdi), Song-Alda-My Native Land
(Verdi).
Elisabeth Rothberg (Sop.), 7100. Orchestral-Lo Con D'Or (Rimsky-
Korankow)Introduction.
Oroheatral-Le Coq D'Or (Rimsky-
Korzakow)-Bridal Cortege,
Song Barber of Seville-Stander's
London Symphony Orch. 06VG,
...... Whisper (Rossini). Song Faust-While You Finy at
Scoping (Gouna).
Marcol Journot (Basu). 0658. 7.30-8 pm. From the Studio. A Pianoforte Recital by Mr. Harry Ore,
p.nt. Local Time and Weather
8.3-8.33 p.m. Variety.
Orchestral-Adios.
Report.
Orchestral-Bonita.
Havana Novelty Orchestra. 22963. Song Twenty Million People. Song My Queen of Lullaby Land, Organ Solo-Why Can't You?
Kate Smith (Comedienne). 0400. Organ Solo-Little Pal
Jesso Crawford. 21951. Orchestral My Kingdom Tor a Smile Orchestral-I Bring a Song,
from You.
Wayne King and His Orch. 0614. 8.33-9.17 p.m.. A Concert Piano Sole-Suggestion Diaboliquo
(Prokofcff).
Song-The Wistful Moon Piano Solo-Fairy Tale (Mediner).
Benno Moinovitch. 1449.
(Verlaine-Szule),
Song Evening Fair (Boarget-
Debussy)
Mary Garden (Soprano), 1439. String Bass Solo-Valse Mininture
(Koussevitzky), String Bass Solo-Minuet in G
(Beethoven).
Serge Kounievitzky. 1470.
Seng-The First Caress (Do Song Sombro Forest (arr. Lilly).
Crescenzo).
Enrico Caruso (Tenor). 1437. Violin Solo-At Evening (Frimi-
Trans, by Krame). Violin Solo-Letter of Love
(Cui-Elman)..
Mischa Elman 1100. Song At Parting (Peterson-Rogers), Piano Solo-By the Brookside
Mary Garden (Soprano), 1210. (Stojowski).
Ballet Egyptien Suite (Luigial).
Ignace Jan Paderewski, 1425. 9.17-9.30 p.m.
Concert Orchestra. 35901/35902. 9.30-10.30 p.m. From the Studio. conducted by. Professor N. A, Tonoff. Selections by The Cheero Band
Programme.
10.30 p.m. Close Down. All records in the above European programmes are kindly supplied by Messrs. Tsang Fook Plano Co.
me an offer to take me into his
office."
MR. STEAVENSON'S CAREER.
I vividly recollect the occasion. After dinner, we adjourned to the Billiard Room which was then "I wish to thank Mr. Scott Hars- ATTACK INCIDENT.
situate on the first floor of the ton very much for attending here, Club on the space now occupied by especially as I understand he is not More than five hundred in-the "Red Room," where a game of in the best of health, and I thank dividuals had recrossed the Tigris, "Snooker" took place, wherein I you all for this The Memorandum calls for
handsomegilver (a) a study of the frontier and the first groups were resum remember that Mr. Stokes com-
the passage had been completed, played the part of onlooker, and Isalver." situation in order to enable a bet-ing their eastward trek when amonted to me somewhat caustically the majority of local solicitors, The ceremony was attended by ter comprehension the in-fusillade of shots rang out, in the on the lack of skill with the cue who rejoiced with. Mr. Steavenson cidents of last month; and midat of which could be clearly shown by Mr. Steavenson and his in his well-carned retirement. It is a generally recognised fact
(b) an investigation by an distinguished the reports of au- confrere, to which I answered that United States is over-capitalized. that the responsible authorities Iraqian troops in a battery close well for their future success as that industry as a whole in the analysis of the events to prove tomatic arms installed by the such lack of skill probably augured The public at large feels that this on the frontiers of Syria have, by
Solicitors!
Born in Kettering, Northamp is particularly true of utilities, never at any time failed in any The Memorandum also states The steadinces of the utility part the fuqian Government; Chaldean elements carrying the pleasant. I always found him the youngest son of Moth Royal particular in their commitments that, on August 6, certain Assyro- son have throughout been very
My relations with Mr. Steaven-tonshire, England, on October 11, 1877, Mr. Steavenson is the and it is believed in some quar-in keeping them 'nformed from wounded recrossed the Tigris pur- soul of honour, a conscientiouis Steavenson, late of the 87th Royal ters that utility stocks are now day to day of ever the most minor sued by bombing planes, and took worker and of the type of English Irish Fusiliers, and was educated well deflated.
incidents, and of the difficulties re- refuge in Syrin. A certain section of Senatorial sulting from the afflux towards
gentlemen which Mr. Victor Den- at St. Paul's School, London. In opinion feels that ultimately the Syrin of the Assyro-Chaldean re- Minister for Foreign Affairs was that I am giving expression to the Steavenson and Couldwell of No. On the same day, the Iraqian con himself was, and I am suro 1896, he was articled to Messrs. country must face either Inflation
fugees.
When the chiefs of these latter tive of the French Government. say that we one and all regret ex-qualified as a of the currency or deliation of insisted on entering Syrin with The Iraqian oficials then declar-ceedingly that Mr.. Steavenson is Majesty's High Court of Judicature received at Aleppo by a representa- sentiments of those presont when I, Fenchurch Street, London, and
their troops, threatening to re-ed themselves willing to place at severing his connexion with the on July 7, 1902. Hort to force, the French author- the disposal of the Syrian Gov-firm which he has served so meri. ties had required them to lay down ernment a sum sufficient to cover toriously during the course of so son and Couldwell for two-years as Unemployment has been cut down according to the latest their arms during their stay in the expenditure required for the many years. We are, however, Conveyancing Managing Clerk, he
Syria. claima by approximately a third.
settlement of from 1,200 to 1,500 glad to know that Mr. Steavenson came to Hongkong, arriving here in In spite of strikes and general
As to the aeensation by the Assyro-Challeans in Syria. is not terminating his sojourn in November, 1903, to join Mr. Victor uncertainty the Administration Iraqian authorities that an Assyro- Indopacifi,
H. Deacon, who was then a part- ner in the firm of Deacon and Hastings. He enrolled soliciter in the Supreme Court of Hongkong in 1904 and subsequent- ly also enrolled in H M, Supreme Court for China and Korea.
industry.
UNEMPLOYMENT.
·
having learned important lessons
by its experience during the last three months, is much better
equipped to cope with the general
DAY BY DAY NEWS IN BRIEF
situation and is employing all pos- THERE IS AN OBLIQUE WAY OF BE- Four cases of typhoid with three
sible, energies to the furthering PROOF WHICH TAKES
of recovery both of business and SHARPNESS OF IT.-Steele. of commodity pricca,
of
A.
OFF THE deaths (two imported) and 53 deaths from tuberculosis were reported to the local health authorities fast week. The Stock and Commodity Firing, will be carried out from On Monday, three cases of typhold.
Stonecutters Forts on Oct. 3rd. at 10 and one imported human case Markets were irregular to-day, the area affected being South rabies were also reported. closing off fractionally.
of Kap Sing Mun and North of Kņu- i-Chau, and on Oct. 5th, at 0 p.m. tho It is learned that Comm. aren affected being the same. Blanconi the Consul General for Italy in South Chinn, will leave for. Notice has been given of a wedding Yuanan and Indo-China, via Haiphong to take place shortly between Mr. on the 29th. instant by the s.s. Canton James McAuley, marine engineer, as on an inspection tour. The trip will Kiangsu of the China Navigation Co, tako Just over Ave weeks, and, the and Miss Mary H Fleming, of Consul will return on or about Greenock, Bonfrewshire, and now on October 25, via Kwelchow and Kwang- route to the Colony on the B.s.si provinces. Antenor.
EX-KING ALFONSO
*
the Colony, and that he will in duo time resume his residence here.
And now, Ladles and Gentlemen, I will, on your behalf, present to Mr. Steavenson this token of your feelings towards him, with our best wishes for his futuro welfare.
Bolicitor of His
After serving Messrs. Steaven-
09.11
MR. STEAVENSON'S REPLY.
AN ANNIVERSARY. In reply Mr. Steavenson said:— Although he was engaged under "I cannot thank you enough for giv- Mr. Victor H. Dencon, Mr. ing me this handsome token of Stevenson did not start business your esteem. I accept it with very till Deacon and Hastings consed true feelings of thanks."
by effluxion of time and the now, "Mr.. Scott Harston has said a firm of Deacon, Looker and Deacon good deal of the old experiences we started in January, 1904, at. No. had when I first came out here."10 Queen's Road Central. He "When I joined the firm of Dea- enrolled as a Notary Public on RUMOURED RECONCILIATION
con, Looker & Deacon, It had more September 27, 1912, exactly 21 WITH PRINCE OF ASTURIAS
tafinns than solicitora, There was yours ago today. a small staff of 10 clerks and wo
In the year 1913, the name of Ex-King Alfonso's stair neither
had a floor situated at 10 Queen's the firm was changed to Deacon, confirms nor denies a report of
Road Central. On the second floor Looker, Deacon and Harston, and his reconciliation with his oldest Picking up cigarette enda and the Sanitary Board was held yesterday Watling. I remember wo all bo and Shenton, which
The fortnightly meeting of the was a boarding houso kept by Mra. again in 1924 to Deacon, Harston: son, the Prince of the Asturias, using the tobacco for re-making the afternoon with Mr. T. Mogarry, the camo frightened because in August subsequently changed to Deacons, namo' was which is believed to have result elgarettes was described as a filthy President, in the chair. Others pre-of-1004 one of the lodgers died of as it is now known from an interview at the Fon-trade" by Sub-Inspector Smith In sent wore the Ilon, Mr. A. G. W. typhoid and Mr. Deacon removed tainebleau hotel whore.the Royal the Contral Magistracy, this morning. Tieklo. Vice-President, Dr. GW. Pope, us as soon as he could. I think we forte. He will commence on
Travelling is Mr. Steavenson's. Family is staying.
Charged with selling cigarettes with M.O.II., Mr. Wong Kwong-tin, Mr. It is expected an announcement or four days, while another was fined a S. Mackichan, Mr. Cod,
out a licence a Chinage was fined $4 M. K. L. Mr. F. C. Hall. Mr. wore the first tenants of this build-trip round the world shortly. will be made shortly and the $5 or one week's prison, for a simi- secretary, and Mr. Ng Mui-kni, assist
I have been very happy here Steavensou gave a dinnor, to the On Saturday evening last, Mr. Queen will be able to receive, her lar offence. The latter had a pre- ant secretary, The business transacted though I had some opportunities at local staff of Mosers, Daacons, at son and his wifo.
vious conviction.
-was, of a formal naturó.
home. Mr. M. J. D. Stevens made the China Emporium Restaurant,
4
and
Facing Riding Accessories
New Stocks of
Hunting Bowlers
Black Velvet Caps
Crash Helmets
Stooks and Scarfs
Sweaters
Racing Colours
to order.
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