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The
FINAL EDITION
Hongkong Telegraph.
FOUNDED 11 三井Ò 號八十月四英港香 WEDNESDAY, APRIL 18, 1934.
No. 14KTO
日初月三
SINGLE COFT 13 GENTO $1.00 PRM ANMIYU
DUNLOP Fort
In a clost 48
itself
DUNLOP FORT
by
THE FIRST CHAPTER OF“GREAT EXPECTATIONS”
REMONETISATION
OF SILVER
Roosevelt Arrangos
Conference -
Washington, Apr. 17.
Senator King announces that
have arrangements been made for the leaders of the move for the re monetisation of silver confer
to
1
with President Roosevelt on Thursday.-- Reuter,
ON BRINK OF DISASTER
RACING DRIVER'S ESCAPE THRILL
SKID AT 120 MILES AN HOUR
(Special to "Telegraph")
GRAN CHACO
CARNAGE
SMASHING VICTORY BY
BOLIVIANS
LA PAZ, CLAIM
(Special to "Telegraph")
sie Talentash. Conerwki. Totographie Man mark Dedinanec, JEP1. Riceland Ayrk
14, 156 2.94.J
· London. Apr. 17. An important victory which may prove to be of a decisive nature is claimed by the Bolivian Government in the Gran Chaco war.
Mr. Nevill
Mr. Neville Chamberlain-
An official communique issued at
forces have won battle in the Conchitas sector which raged for a Severe casualties are claim- week. ed to have been infileted on the Paraguayan forces.
An unofcinti
report places the Paraguayan cheualties at three
La Paz atates that the Bolivian HEALTH
TOASTED IN
thousand killed and wounded. THE STREET
The fortunes of war seem to have turned in favour of the Boli- viana definitely after their series of
serious defeats in the early months MR. CHAMBERLAIN of the conflict. It was news of vic-
illu Terpeph. Capurtant. Telegraphis Meteries at the front that caused the
Ordinnuer, 1404 Received Apri
34 $ 2.j
Montlhery, Apr, 17.
revolt at the cadet college at La Puz last week. The cadets objected to being marched and paraded on the
Mr. Fred Dixon, the well-round when there was "glory"
known racing motorist, had a narrow escape from death
to be ruined at the front, and were
proceeding to join the war zone when higher authority intervened causing a short bul sip clash of during a record-breaking farmsUnited Press. attempt on the Montinery track to-day.
After having broken five world -records---0--British Napier-
Railton car, the team of drivers, Joan Cobu, Fred Dixon. Cyril Paul
FATAL MOTOR
MISHAP
and Charies Brackenbury, were DRIVER CHARGED WITH forced to abandon their attempt on
the twenty-four hour distance re-
vord.
MANSLAUGHTER Allegations that after knocking
POPULAR
LABOUR M.P.S' COMMENTS
London, April 17. For a few hours at least, [Mr. Neville Chamberlain was to-day, without a doubt, the most popular man in Eng- land.
nen.
Chamberlain's Lucky Bag
ROSY PROSPECTS QUAKE SHOCK IN
FOR RECOVERY
FIRST TAX RELIEFS FOR
MANY YEARS
STRICTLY BUSINESS
ATMOSPHERE
London, Apr. 17.
The Budget which the Chancellor of Exchequer, Mr. Neville Chamberlain, presented to the House of Commons to-day was the first for some years to lighten the burden of the British taxpayer,
In the belief that the country had "passed the worst" and could "look forward with confidence to further progress in the new financial year," the Chancel- lor felt able to use his substantial surplus for reducing the standard rate of income tax by sixpence to 4/6d in the pound, for restoring, in full from July 1st next, the cuts made in 1981 in the allowances to the unemploy- ed, and in restoring from the same date half of the pay cuts also made in 1931.
The Chancellor also proposed a reduction in the tax on private cars from £1 to 15/- per horse-power from January 1st next, with a corresponding reduction for motor cycles, and announced the readjustment of the preference on colonial sugar and new duties on patent leather and hydrocarbon oils.
DISTRIBUTION OF THE "PROFITS”
was:
CALIFORNIA.
Temporary Panic In Santa Ana
New York. Apr. 17. The severest earthquake shock since the disaster of March 10, 1933, sent the Inhabitants of Santa Ana, from California, rushing their
homes and office buildings to-day. No damage is, however, report- ed.-Router.
FRANCE CALLS AN END
NO DISARMAMENT LIKELY
SINGAPORE BASE BARGAIN
RUMOUR
DENIED BY SIR JOHN SIMON
London, Apr. 17. Rumours that a political understanding with Japan would form an important feature of negotiations for a |textile agreement were dis- posed of in the House of Commons to-night,
It has been suggested that Japan would be prepared to make concessions in tue fex- tile field it Britain retarded the development of the naval base at Singapore or aban- doned it.
Britain, however, has no inten- tion of mixing business with do- fence problema.
Replying to Mr. V. la T. McEntee (Lab, Walthamstow), who, askod for Information in regard to the
CHARGES AGAINST extent to which political relations
anted
pa
GERMANY
we
will now be involved in the Anglo- Japanese commercial negotiations, and who sought an assurance that' Lho House of Commona would be (Special to "Telegraph")
informed, at the earliest opport Elly Telegraph. Copyright, Tetsgraphis Munity, before entered into Ordinance · fant. Received April further political commitments of any sort in the Far East, Sir John Paris, April 18. Simon unid that he had no laten- It is learned that the latestation of introducing political ques- Disarmament Note to tions into any discussion of com- French Britain, just handed to the British mercial matters. Ambassador, virtually suspende No question of further political the disarmament negotiations. commitments in the Far East urore,
The Note declares that Gor•|--Reuters many's determination to rendara impossible any further efforts towards a disarmament con
rearm
two
to
It is Indicated that France plans to raise the question of German rearmament at the general com- mission of the Disarmament Con- ference in May,-United Press.
This was the third successive Treasury--bill-and-savings cert His health was drunk
year in which Mr. Chamberlain hadicates together at their lowest vention. presented the nation's budget. point was over £1,200,000,000 but It is understood that the Note in the streets by City
At the outset of a two-hours the interest amounted to little more points out, in the first place, that speech, he recalled that in 1932 than £16,000,000.
budget by over During the year £40,000,000 of Germany has increased her arm- Remarkable scenos were wit many dark clouds still hang around
aments The car skidded when travell- down a woman in Queen's Road nessed outside the Stock Exchange the horizon. Last year, he said, al 4% per cent. Treasury bonds and milliarde of francs and secondly
though the outlook was distinctly £24,000,000 of 5% per cent. United that Germany, in replying ing at top speed, careered dizzy West, he turned down his lights when the Chancellor's proposals brighter, there was no settled feel. Kingdom dollar-bonda were con-Britain's request for Information up the embankment and nearly and drove off, were made against
announced. Hundreds of ing that they had reached fine verted into 2 per cent, conversion on the budget proposals, showed went over the top. Fred Dixon, Tam Chun, alios Tum Kwong, 23, were who was driving managed to right licensed motor driver, when he ap stockbrokers and their clients as-weather. To-day, however, the at-loan or conversion bonds. The net a determination to roarm regard- the car but was unable to prevent peared before Mr. Hamilton in the sembled in the street, cheered the mosphere was completely brighter: reduction in the nominal total of less of the consequences.
During the last twelve months, deadweight debt on year it from ditching. Had he gone Central Police Court this marnlag,
tinued to accumulate. There was a aver the top of the track he must on a charge of the manslaughter of Chancellor to the echo and drank evidence of improvement had con- £21,500,000.
UNEMPLOYMENT CHEAPER. have been killed.
Chiu Tong, aged 50, his health. the victim,
amail but distinct rise in wholesale from the injuries The new records that the car who
The market then witnessed a prices, the rates of short-term in-
Turning to the prospects for the had already established were for received.
The defendant was also charged boom in all industrial shares.terest had achieved new low records, future, Mr. Chamberlain said that the thousand kilometres, the two
three with falling to stop his vehiclo Business continued in the atreat and the position of long-term loans neither last year nor the year be-
had improved to such an extent that fore had he made provision either TRANS-ATLANTIC stocks such as the old 2% per cent for the payment of war debt to kilometres distances, as after the fatal accident and with until late in the evening.
The Opposition does not, how-Consols actually stood higher to-America or for the receipt of war well
as thousand miles and two falling to report the accident to
ever, think that the Chancellor day than before the war. thousand miles. The total dis-the nearest Police-Station.
(Continued on Page 5.) Traffic-Inspector Nicol, for the made the best of his chances. tance travelled wan 0,748 kilome- tres at an average speed of over prosecution, stated that a number 120 m.p.h. Reuters. Special Ser-of witnesses recognised the lorry, No. 2487, by the characters on lis side, but they did not see its number.
Defendant was remanded for one week in palice custody,
Thousand kilometres and Thousand
vica.
CHEKIANG FIRE DISASTER
Whole Town Virtually Destroyed
(Special to "Telegraph").
Shanghai, April 18.
INSULL SHIP AT CATANIA
DOES NOT GO ON SHORE
A MEAN BUDGET.
EQUILIBRIUM RESTORED. Industrial production had very Major Attlee, speaking on be much gone up and equilibrium been half of the official Labour Party, restored in the country's balance of
the payments. described the Budget as meanest on record. He said that Statistics of such things as retall Mr. Chamberlain had been wondertrade, consumption of electricity, fully generous at the expense of transport, iron and steel produc others.
tion, and house building, in every caso showed a revival of activity.
Sir Herbert Samuel expressed the view that all the pay cuts should have been fully restored.
All this, combined with the sub- stantial surplus with which the financial year had ended, had es- tablished in mon's minds a now spirit of hope and confidence.
HOME MARKET EXPANSION,
FLEET STREET'S REACTION
"Restraint From The
Spectacular"
AIRSHIP LINE
$12,000,000 SCHEME IN CONGRESS
Washington, April 17.
SOVIET ORDERS FOR BRITAIN
DIVERSION FROM AMERICA
JOHNSON BILL RESULT
(Special to "Telegraph")
the Tebornok, Copymaka. Telegraphia kise. anges
Ordinance, 1873, Boolood Арей |48, 9.49 a.m.)
Moscow, Apr. 17. Big Soviet Government orders which were formerly destined for the United
A Democrat member, Mr. Con-States, may be given to Bri- don, has introduced in the Houso
of Representatives, a Bill directing (tain and the British Empire the Reconstruction Finance Cor- as a result of the signature poration to lend twelve million by President Roosevelt of dollars to the Rosposs Aeronautical
Enginooring Corporation of Cran- the Johnson Bill.
The company would 180 the
London, Apr. 18. Few Budgets have been
Boton, for the purpose of establish- The new American legislation enthusiastically welcomed as Ir. Ing a Trans-Atlantic airship line. takes discretion in debt matters out Noville Chamberlain's "tonic to the community,"
money to construct two airships of the hands of the Administration Apart from the Daily Herald and with a gas capacity of 700,000,000 and forbida the United States to the News-Chronicle which echo cubic feet. They would also con-extend credit facilities to any Major Attlee's descriptiof the States. The loan would be repay-Russia as a result of the American
"the struct a terminus in the United debtor nation.
The description embraces Soviet meancat Budget on record," morning, papers are unanimous in able in tan annual Instalments, their praise.
the first of which would fall due loan to the Korensky Government which is repudiated by the present The Times, Daily Telegraph and in 1987-Reuter.
regime-Router."
Tokyo, April 18. Morning Post pay tribute to Mr.
The Soviet Government has Chamberlain's Impeccable correct few years noss and restraint from the specta-
elected Vladivostock as the gate- cular, which is calculated, says the
way for American commerce. Ac Britain had now regained her Morning Post, to produce the
cording to the Japanese Foreign place as the first exporting country maximum psychological stimulus to
Omco, all American goods for but the channels through which the recovery. trado formerly flowed so freely were still diminished.
MR. MAXTON'S SALLY. Mr. James Maxion, the LLP. leader, declared that he was able to congratulate Mr. Chamberlain
Certain unpleasant facts, how unreservedly since I came here ever, still had to be reckoned with (Special to "Telegraph")
expecting nothing from the before their troubles were ended.
Government or (By Telograph. Copyright, Telegraphía Mums | National
the The Improvement in the country's A message from Wenchow, Che
Ordinance. 1293. Received April capitalist system."
position was due almost entirely to Kang, states that a disastrous16, 24.m.)
fire whiel bruke out in the city of
Lordon, April 18. A Conservative member, Mr. F. an expansion of the home market Chunyun some distance to the The American freighter Exilona A. Macquisten, K.C., complained and the export trade, although north-west of Wenchow, has with Mr. Samuel Inwull on board that nothing had been done for the better; was still far behind the caused damage to property est arrived at Catania yesterday at Highland distilling industry which @gures reached only
had shrunk to one-third of its mated at $2,000,000.
seven a.m. and took on carvo.
Mr. Insull did not go ashore-pro-war level.-Router. The fire broke out on MondayInited Press. night in the heart of the city and lasted unt! yesterday after Boon when a great part of the city was turned to
a heap of rulns,
Thirty casualties have been reported so far Central News.
AMPHIBIANS DELAYED
Owing to the high winds and rough seas provalling, the three viant Royal Air Force Super- nurine-Southampton amphibians
J
BANKHEAD BILL
CONGRESS ACTION
COMPLETED
Washington, April 17.
U.S. AIR MAIL DISPUTE
P.M.G.
tack and thence via the Trans- Siberian Railway to Moscow- United Press,
As an offact to the Daily Herald's COMPANIES SUING THE Russia will pass through Vladivos-
" and the "thoroughly retrogressive, News-Chronicle's "cold comfort for CHEAP BORROWING.
New York, April 17. the small taxpayer," the Daily Mail
Four United States air lines; Twelve months ago, the Chan-finds that there is something for:
The 'P. and O. liner Carthago in tluo` cellor said. he had to report a everybody and good reason to anti-the Boeing Air Transport Com dofcit of £32,000,000,
cipate another surplus next Spring. Fany, the National Air Transnort here from Bhangrai on Friday.z6. This year he estimated a rea!]
The Daily
Express also predicts Company, the Pacifle A. T. Comm. surplus was about 239,000,000. another
noxt year, pany and the Varney air Lines, big surplus
Lam Tal, unemployed, was fined $50 In analysing the year's accounts, which according to its political cor-announce that they have filed will be unable to tako off from The House of Representativon to- The anticyclone has decreased Salemnque to-day for Hongkong day approved the Senate's amend Mr. Chamberlain drew attention to respondent, will form a perfect complaints in Washington against in intensity and moved onstward, on the last hon of that flight from ments to the Bankhead Bill for the the extraordinary cheapness of the background for a general election the Postmaster-General soeking to er in default one month's imprison
Magistracy, this morning, on a charge. It is now contred over S.W. Japan. Bingapore to Hongkong.
compulsory control of cotton pro- interest on Treasury bills which. na it will enable another sixpence prevent him from enforcing the ment by Mr. Ilamitten, at the Central Local
forecast: N.E. winds, If the weather improves the duction and marketing, and the he said, worked out on an average off the income tax, full restoration order cancelling their air mall having been found on the s
gonerally
rosumed to measure. now gons to President over the whole year of only 12/08. of the salary cuts and Income tax contracts. They are claiming Shun Tien, lying alongside the Taikoo moderato;
damages.-Reuter. overcast, journey will be occasional drizzle or fight rain.
por cont. The whole amount of family allowances-Router. Roosevelt for signaturo,-Router.
DRIZZLE OR RAIN
morrow,
|Dockyard wall, without permission::,