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Dollar on Demand:1s. 5d. T.T. on New York:--341⁄4-,/ Lighting up Time:-5.40 p.m. High Water-21.10 Low Water: 14,37..
The
FINAL EDITION
Hongkong Telegraph.
FOUNDED 1881 · 四拜禮 號二月 十英港香 THURSDAY, NOVEMBER 2, 1933. £†Âƒ
No. 16147
SINGLE COPY 14 CENTS 118.00 PER ANNUM
WRITE YOUR OWN NAME OR INITIAL IN GOLD WITH THE",
NEW ELECTRIC PENCIL
SON ANY ARTICLE YOU PURCHASE
WHITEAWAYS
UNITED STATES TO BEGIN GOLD PURCHASES
Sir Frederick Leith-Ross, Britain's principal War Debt magotiator.
SEE PAGE SEVEN,
SILVER'S SHARE
STRONG NEW YORK RUMOURS
PRICE OFFER NOT DISCLOSED
LIKELY TO BE HIGHER THAN RULING RATE
FOREIGN ATTITUDE NOT CERTAIN
WASHINGTON, NOV. 2.
THE RECONSTRUCTION FINANCE COR- PORATION ANNOUNCES THAT GOLD PUR- CHASES ABROAD BY THE UNITED STATES WILL BEGIN TO-DAY, 2-
The announcement was made during a broadcast speech by Mr. Jesse Jones, the chairman of the R.F.C., who said the Corporation had authorised the Federal Reserve Bank of New York to dispose of R.F.C. Notes and to take in payment foreign gold imported there". after.
He added that the Federal Reserve Bank would be the Government's sole agent and that the price to be paid would be announced in the morning.
The internal price of gold was fixed yesterday at $32.26 an ounce, fourteen cents higher than the previous day, and much above the London rate. It is understood that the American Government will offer high rates in foreign markets with the object of forcing up gold prices.
HEAVY DEALING TOLERATION OF TEST PURCHASES
IN METAL
|710 national banks remained closed. The announcement was made | The frozen deposits in these banks Strong rumours prevail in. New York suggesting the following Indications by President amount to C$621,132,000. These Roosevelt's advisers that the same banks have some G.346,957,- possibility of the remonetisa-negotiations with Britain were 000 for immediate and unrestricted tion of silver in connexion proceeding satisfactorily and release as soon as the institutions with President Roosevelt's prediction by high authority that are opened.
gold operations abroad would not for boosting result in a dollar-sterling duel. programme commodity prices.
FOREIGN TOLERATION.
Senator Pittman and the other It is unoffelally suggested that members of the Silver School are the foreign attitude to the gold bringing strong pressure to bear on the Administration, and it is purchase scheme will be condi- tional toleration of test purchases.
The Comptroller said that the frozen deposits in national banks (Continued on Page 11.)
MEDALS
hinted that as a result there mayus, long as fluctuations are kept FOR POETS
be large purchases of domestic within reasonable bounds.-Reuter. silver in the near future.
While the Administration Ins
It is also suggested that the declined to give. the slightest in- President, who has ordered gold dication of the level which it de purchases abroad in his efforts to depress the American dollar, will sires the dollar to reach in the also enter foreign silver markets very near future, it was indicated with a similar objective.
HEAVY SALES.
that the Reconstruction Finance Corporation will operate under the full programme that the President announced last week, when he said
In consequence of these reports, that the Corporation would buy heavy speculation occurred in the domestic gold and, when it was New York silver market, where deemed necessary, would buy and prices rose sharply and maintain-sell in the world markets. ed their strength. Over 11,000,- 000 ounces of silver was sold in
DOLLAR ADVANCING.
HIS MAJESTY'S OFFER
London, Nov. 2. -. His Majesty the King has notified his intention of offering a gold and silver medal annually for poetry in English published volume form.
The work must be", published | (within the Empire' by Britons, and.
a committee of judges will bài Whatever the Administration ex-appointed to make the awards. pected the gold buying programme with the Poet Laureate, Mr. John The London market was also would do to the price of the dollar, Masefield, as the chairman.
A small sub-committee will be active and a small rias pecurred, the value has been advancing. For
New York yesterday, setting a record for some time past.
Roon
กก
Mr. William O'Neil and Miss Margaret Kirkbride, who were married at St.
Joseph's Church, yesterday. (Photo Ming. Yunn).
'PRIME MINISTER'S DAUGHTER
London Engagement
Rumours
It is being rumoured in London that Miss Ishbel MacDonald, the Prime Min- ister's official hostess at No. 10, Downing Street, is en- gaged to he married to Professor King Cordon, of Montreal.
BRITAIN URGED TO EMBARGO
AGAINST ¦ ¦ JAPAN'S PIECE GOODS
دانند
LANCASHIRE
M.P. ACTIVE
London, Nov. 2.
ART OF TAX EVASION
MORE AMERICAN DISCLOSURES
ANOTHER TUSSLE
ma
ONLY THREE MORE FOR RECORD,
MANCHUKUO CHARGES Gordon Richards Wins
AGAINST SOVIET
SMUGGLING OF GOLD BARS
Harbin, Nov. 2. Another diplomatic - tussla be- tween M. Slavutsky, the Soveit Consul-General, and Mr. Shib Liu-pen, the representative in Harbin of the Manchukuo Foreign Office, is threatening to develop.
Four Races
London, Nov. 1. Cordan Richards the champion jockey, rode four winners In succession at Worcester Race Meeting to-
day.
His winning mounts for the season, now total 244. Fred Archer's 50 years' old record is 246. There are still 19 racing days before the season ends.-British Wireless.
This time it arieca from TCETERAANI-C allegations regarding the use of a
Soviet Consular motor-bant for the
snuggling of gold bars out NOEL PANTER TO
Manchukuo,
Manchukuo reports state that a Soviet business concern in Tahelho! recently sont ten, gold bars by n Soviet Consular motor-bout to Blagoveschensk.
Confirmation of this report is now being awaited, after which Mr. Shih Liu-pen will lodge, a firm protest with M. Slavutaly.
SEVERAL BOATS,
It is further stated that the Soviet Consul at Taheilio has a private wharf and several motor- boats: at his disposal. These boats are used for carrying off-
BE RELEASED
UNDER EXPULSION ORDER
GERMANY DROPS CHARGES
Berlin, Nov. 1.
Mr. Noel Panter, the
cials with diplomatic despatches Munich correspondent of the to Blagoveschepuk and this method Daily Telegraph, who was ie alleged to be also used for the arrested recently, will not smuggling of gold bars.-Reuter.
be charged.
Police Shroff Committed For Trial
ON 14 CHARGES OF EMBEZZLEMENT
It was officially announced to-day that orders have been issued for Mr. Panter's re leasc.
He will, however, be expelled from Germany.
The decision will ense tenislen In Anglo-German relations,
On Saturday, Sir John Simon, was in communication with the German Ambassador in London, Dr. Housch, whom he asked for The protracted hearing was conclusive proof of Mr. Panter's SENATE INQUIRY
brought to a close before Mr. guilt. He is reported to have
Britain EVIDENCE.
Schofield, at the Central Magis- Bald that
would not tracy, of the case in which Ng tolerate Panter being placed on Washington, Nov. 2.
Wing-taol, formerly a shroff in the trial without such evidence.
Mr. Panter was arrested 'after Mr. Albert Wiggin, former Police Department, faced fourteen
charges of embezzlement of money describing, a Storm Troop parade President of the Chase Bank, amounting to $3,170 from the as of a military character, the gave further testimony to the Police Department. Accused was Gorman authorities alleging that Senate Banking Investigation committed to stand his trial at he sought to convey an impression Committee.
that. Germany was thus circum?" Again some astonishing revel- The last witness, an Indian con- venting the Versailles treaty.
made regarding stable attached to the Shatin The vigour with which the For methods of tax evasion by wealthy police station, gave evidence in re- dign Office pursued the question men in the United States,
ntiona were
the next Criminal Sessions.
Tax evasion carried to a fine art lation to a sum of $70, which was recalled the recent case of the alleged to have been embezzled by six Britishers who were arrested the defendant.
and, recommended to clients of one of the Chase subsidiaries was demonstrated.
Mr. Wiggin told the Committee that the purpose of his large short to postpone tax
sale in Chase National Bank stock iin 1920 was
payments.
$440,000 SAVED.
He added that he saved tast amounting to $440,000, on a stock
profit totalling $4,000,000.
He declared that he had paid
Another effort may short-lincome tax amounting to $1,865,000 ||
انا
SIR MILES LAMPSON BREAKS PRECEDENT
Statement to Chinese Pressmen
in Moscow and placed on trial on charges of espionage and sabotage: -Router.
BERT HALL PLEADS GUILTY
Arms Purchase Deal: Sentence To-morrow
..
chiefly on American buying. that reason, the Reconstruction appointed abroad to recommend. Reports that Washington will Finance Corporation will enter the books from India, the Dominions
Peking, Nov. 1. make announcement European markets and bid the price and the Colvales,
The first awards will bo
Sir Miles Lampson, shortly to favourable to silver have not been of gold higher in order to prevent in December 1934 for works publy be made by Lancashire in- during the must five sono
The Committee examined with retire from the post of British confirmed, but thore seems to be the dollar's value from increasing shed in 1993.
Iterests to induce the Govern-intorest a letter Indicating that the Ministor to China, according A
Shanghat, Nov. 1 a belief that something defnito is The monetary situation is still
Bort Hall; American aviator, in the wind.
confusing especially to those who pocta first or second volume of
Modala will be awarded for ment to place an embargo on Chase, Harris, Forbes Company, privilege never granted to foreign The Hongkong dollar was maintain that the purchase of gold verse, or pocta still under thirty Japanese goods.
which was nmllated to the Chase correspondenta, to-day received who was tried to-day in the Bank, suggested to its clients a Chinese pressmen,
United States Court for China, on quoted at is. 5d. on demand to-day, will have little, if any, effect on Ave-Reuter.
the actual value of the dollar.
Mr. II. A. Proctor, M.P. who is method of establishing losses in The Minister issued a statement a charge of the misappropriation This group hold that, if gold
arranging a meeting between the order to evade the payment of in which he stated that. Angio of funds intended for the purchase Legislative Council of the United income tax-Router. THE CHEER Ở CLUB purchases affect the value, it will be due to speculation which the
Textile Factory Workers Associa- President is seeking to restrict.
tion, which represents all the trade unions In the colton Efforts of the Government are how being centred on a plan to put
industry, and Lancashiro members of the House of Commons, to more than a thousand million
discuss the problems arising from The following further contribu-dollars in the hands of the public
Japanose compétition in cotton Lions to the Cheer O Club Building for Christmas purchases, it is re
venldd by tho Federal Reserve The Royal Observatory reports place-goods, gave an interview to Fonds have been received:
Board Officials are confident that that the anticyclone over North the Financial News to-day, this would be done and are, also China has increased.considerably
Mr. Proctor declared that it wha cortain that Christmas antes will receive a sharp stimulus.
- LATEST DONATIONS TO
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Crawford Ltd.
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Charles Prych
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250.
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102.
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Tobacco (China) Ltd.. Previously
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MORE BANKS NORMAL.
THE
TYPHOON
RAPID ADVANCE MADE
FUNING TRUCE -BREAKDOWN
FIGHTING MAY BE RESUMED
Chinese relations were never of arms for General Ho Chu-kuo, pleaded guilty. He will be sen better than to-day. Britain, he tenced on Friday--Rehter, declared, had no individuator political ambitions in China, her solo object being to 800 prosperous and orderly Chinese State, with which trade · could flourish and British merchants could enjoy peace and security. Reuter, NWA YEME
FORTY MILLION POPPIES
DISABLED MEN'S WORK FOR ARMISTICE DAY
London, Nov. 15
in intensity; that over Japan has quite within the ambit of Govern-
Tientsin, Nov, 2.
With three fingers smashed through passed into the Pacific ARAD
Pacification work in the Luan his hand being caught in a binding The depression over South Man.ment to completely prevent the im churia has: moved to the north of Portation of Japanese goods, by tung district 16 again, checked minching in the plumber's shop at
In connection with the usual The money is part of the total Hokkaido, and the southern der Placing an embargo in Britain and by the refusal of the bandite in Talkoo' Docks, Lam Chouk, a work-|
the Colonial Empire, and to co Funing to be disarmed.
man, was admitted to the Govern- Armistico Day appeal for the The Hopel Provincial Government Civil Hospital yesterday. British Legion of Ex-servicemen, GOO amount that remains in the closed pression romains over Indo-China.operate with the Dominions so thint
stato and national banks, Ex-A typhoon hae advanced rapidly they will do the game-Reuter. mont is despatching additional
forty million imitation Flanders polico detachments, armed with
Brigadier R.B. Cousens, acting poppies have been made by 50.perts estimate that most of it is in from the Pacific, and is. crossing the Visayas to the porth of mall: accounts.
The P. and O... Chitral left Singa-light guns and trench mortars General Omeer Commanding disabled soldiers for sale on No The Comptroller of Currency, Mindanao on a W.N.W. track,
Local forecast North-east pore for this Fort on the 28th instant to Linntung and their arrival moved from Lyemoon Buildings tovember 11 on, street throughout meanwhile, has announced that! 880,502.83 5,048 national banke are now winds, fresh; cloudy with drizzle at 3 pm with the outward English there will probably mark the re-the Peninsula Hotel, and all com- Britain, in many parts of the Em- Mints, and is duo here to-morrow at sumption of fighting with the munications should be addressed to pire and among British communit
banditaCentral News. about 6'a.m.
him at the hotel:
les abroad-British Wircles operating normally, and that only or light rain.
29,475.83