GERMANY'S NEW DISARMAMENT OFFER
(Continued from Pago 1} strength of the force should not exceed thirty per cent. of the com- bined air forces of her neighbours, of France's of fifty per cent. milltary aircraft, whichever figure! is the less.
O'DUFFY WINS
HIGH COURT AND TRIBUNAL
NOT
ΤΟ
COMPETENT TRY HIM
The Free State Government has Germany Is willing to agree that this position shall remain unalier suffered another rebuff from the ed during the first five years of Judiciary. The High Court giving the convention, but after that judgment In the O'Duffy case, de
or in-elded that the Military Tribunal perlad, roductions abroad creases in Germany must be made was a limited and inferior Court so that she will attain equality within the control of the High with the principal air powers at Court. the end of the ten years' of the The case arese out of the action convention.
of the Government in summoning General O'Dully before the Military STORM-TROOPS.
Tribunal to answer, a series of including one of alleged charges, Germany is also prepared to agree, on the basis of reciprocity, incitement to murder Mr. Do
Valera.
shall
THE HONGKONG TELEGRAPH
NEW YORK STOCK EXCHANGE
YESTERDAY'S MARKET
Can
THURSDAY: APRIL 19 1984
LONDON STOCK EXCHANGE
GILT-EDGED ISSUES
STRONG
Chinese Bonds.
£94
£ 704
£ 964
GOODWILL MISSION.
AUSTRALIAN PARTY ARRIVE, ON SUNDAY
The Australian community In FIRM
Hongkong has concluded arcango- The following quotations on the munts for its welcome to the Hon. According to Mesara. Swan Cul- London Stock Exchange have been Mr. J. G. Latham, P.G., and bortaon and Fritz, the New York received by Monsts. Swan, Culbertson members of the Goodwill Mileston market was firm yesterday. Busi- and Fylta in conjunction with Router to the Far East, who will arrive
Tho done 1,540,000 shares.
Market: Gitt-edged securities ruled Journal Street
reports strong. Otherwine the market was in the Colony by the French liner Wall
duo to m-rather irregular and business dis-D'Artan on Sunday.
Mr. Latham,
la Deputy The market went up
Prime Minister and Attorney proved Wall Street sentiment plus appointing. continuedi bullish business reporta.
General: of the Commonwealth, Low price shares were the most activo
Apr. 17. Apr. 18.
will arrive with hla party at G although preferred Innues continued
a.m. on Sunday, and will depart in demand, steadily advancing prices 44% Bonds 1808
Carb stocke (Eng, Iss.) £101 £101
at 3 pm. for Shanghal. with offerings Thaited. and bonds were also up. Profil tak-4% Loan 1008. £ 94%. ing sagged wheat after early strength 5% Loan 1912. £ 75%
1013 (1dn. Ixa.) £9 with many traders holding aloof pend-Reorg Loan ing to-morrow's silver conference be tween the president and leading silver 5 Bonila 1925-47 £ 884 advocatex.
G S'hai-Nanking
Rly.
Tient, Pukow Itly. ........ a Tient.-Pukow Raliway (Supl Loan)
£ 26-29 £ 274 Shal.-H'chow- Ningpo Rly. £ 084 08
£ 3115 House Itly £31 Hukuang Rly.
£4214 £ 4214 Hai Rly. 1013, 17% £18
Lung Teing U.
Foreign Banda and Banks, German 15% Int.
Our New York office cable:- 5 Stocks: Moved ahead vigorously in response to bettor general feeling with tobacco, rubbera and specialties Whent: the outstanding features.
was the bulk of the
to regulations that will ensure the On January 1, the day before the non-military character of storm-date fixed for the trial of General troops and similar organisations, O'Duffy, an application was made No liquidation to-day. Rains Im-6% to be verified by supervision, to the High Court on his behalf,perative in the Northwest. General thene regulations to provide, scoking a writ of prohibition to outlook favours buying on all tips. 5 among other things, that such|prevent the Tribunal hearing the Colton: Stendy. May liquidation .political formations
not case. posscas arma, shall receive Bo A military instructions, and shall and Conditional order was granted, the Milltary Tribunal nd journed the hearing of the case in order to avoid a clash with the civil Court. At the same time, the Tribunal announced that It was satisfied that it had jurisdiction to hear the charges.
not be commanded by members of the Regular Forces.
Germany is further propared to agree to the postponement of the redactions in armaments of other Powers until the end of the fifth year of the Convention, the mea- nure of disarmament laid down in the British Memorandum being carried out during the second five
years.
1911 offerings but there was no apparent incentive for aggressive buying movements. Wash- ington is reported opposed to further experimental legislation and favour congressional adjournment by the middle of Biny, both of which are conducive to stendier markets. The Bankhead Dlli was finally passed: Spots were quiet with basis slightly
883
£ 60
£38-11 £38.
69%
714
£ 821
£ 924
£138
Lonn 1924... Japan 5 Sterling
Loun 1907... £ 82 Japan 6% Sterling
Loun 1024... £ 52 11.K. & S'hai Bk.
£137 (Leln. Regd.)
On January 25, the Attorney-casier. Silver: Disappointed by the General applied to have the ron-failure of London to purchase after at substantially ditienal order of prohibition dis-the fixing, except
lower levels, the market declined charged. Judgment, was reserved. after an initial high opening. Chart. Bk. Lo sh. 5 704 £ 10%
THE JUDGMENT.
rumoured that the selling pressure In their judgment the Court un-was largely for Chinese accounte animously hold against the Govern- Dow-Jones N.Y. Averages Germany accepts the other pro-ment, that the Military Tribunal posals in the British Memorandum could be restrained by the High including supervision aments,
LEAGUE MEMBERSHIP.
30.Industrial of arm-Court, and by a majority the Court 20 Rails
decided to make absolute the con-20 tilities ditional order of prohibition, except 10 Bonds as relating to the charges of mem-11 Commodity Index 51.16
unlawful associn- bership of · as
She continues to recognise the Treaty of Locarno but considers that her return to the League of Nations can only be dealt with
after a solution of the larm
ament question and above all of -ho
of Germany's acceptance equality of rights.-Renter.
FRENCH LOGIC
Text of Barthou's Message
tion.
The following market closing prices Mr. Costello, K.C., for General are quoted subject to confirmation an O'Dully, asked for a stay to enable accuracy in transmission.
Adams Express Alaska Juneau Gold Mining Company Allied Chemical and
Dye American Can..... 103 American & Foreign
him to consider the question of an appeal to the Supreme Court on the question of the jurisdiction of the Tribunal to try the unlawful association charges.
The Attorney-General undertook not to take any further action unti the question of an appeal was de- cided.
It is unlikely that an appea) will be lodged, as General O'Dutty is
The French Foreign Secret-content with fils. victory, and is
ary,
al Note received prepared to Ince the unlawful London to-day. in reply to association charge.
Sir John Simon'a letter to the French Ambassador last week on the subject of guarantees of execution of the convention, points out that the British communica- tion was received simultaneously with the publication in Berlin of the German 1034/5 budget which showed increases in the expenses of the Miletries of the Army, Navy and Alr amounting to 352 million marks,
COST OF CULTURE,
SHANGHAI TO RETAIN ORCHESTRA
Shanghal, Apr. 18. The retention of Shanghai's internationally-famous Civic Or "The British Government were chostra for at least another year no less concerned than the French was assured to-day when one of increase in the most largely attended annual at the size of this expendituro but the explanations meetings of rate-payers they received in return to repre-whelmingly defeated a resolution Commonwealth-and- sentations at Berlin were less a for its abolition, justification than a reaffirmation.
BASIS DESTROYED.
"In reality, the German Govern-Holely due to the rapidly dwind
ling municipal reserves and
Now York Continental Ol....
Du Pont de Nemours
ment, without awaiting the repossible budget deficit in 1935.-Eastman Kolak.... sults of negotiations which were Reuter,
in progress, has wished to impone
it determination to continue overy form of rearmament within the
limits of which it claims to be
נים
18/0 18/0
121/101122/6
no par val.... $264 $ 271%
Riy. $25 sh...$ 16% $ 10%
Langlaagte
Estaten...
Anglo-Péralan Oil
Burma O
}
Apr. 17. Apr. 18. 104.40 105.45 40.31 40.03
Industrials and Breweries.
Elec. Associated
Industrien Brit.-Amer. Tob.
(Benrer) Chinese Eng, and
26.90
20.41
Min. (Bearer)
23/6 *21/-
94,00
04.89
Tate and Lyle ...
8676
85/9
51.15
Courtaulds
50/-
00/-
Distillers
02/0
02/0
Dunlop Rubber
Everready 5/- all
01/9
52/0
28/10
20/6
General
Elec.
Apr. 17. Apr. 18.1
0%
(England)
42/6
42/6
Boots
42/6 42/0
Impl. Chem Ind..
38/3
38/6
2011
152
214
Impl. Chem Ind.
Def. 10/- sh...
9/7
0/716
152
Impl. Tobuceo
129/0
124/44
-104
Woolwerthe
93/9
06/0
Internat, Nickel
I'ower American Metal American Smelting 43% American Tel. and
10 24%
10
26
Pinchin Johnson
13
10/h...
38/415
38/6
Turner and Newad
51/9
52/6
Unilever
24/-
24/2
Tel.
1207%
1234
American Tobacco
Miscellaneous.
**
74%
American Water-
Anglo-Dutch
• 22/D
22/0
worke............... Anaconda Copper Auburn Automobile 48% Atian Corporation Baltimore and Ohio Bethlehem Steel... Borden Company .. Borg Warner...... Canadian Pacific
Railway
20
20M
Burma Corpn. Re..
16%
16
10
14/
14/-
49
Canadian Pacific
13
13%
2014
2014
Chartd. 15/- sh.
427% 22
48
(Bearer)
24/0
25/-
233%
Gyla Kalumpong
20
2614
Rubber
21/0
21/0
Trepca Minoз
13/44 13/4
10%
164
Case, J.I........ Chase National Bank (bid price) .... Chesapeake Corpora
tion Chrysler Corpuration 5% Columbia Gha and
Electric
Southern The annual cost of the Munigi-Consolidated Gas of pal Orchestra is $300,000, and the move for its disbandment was
GRIG
៨០ 1.
12/- 32/-
London Tin 10/-
20%
30
kh.
15/6
15/8
Pekin Synd. 2/-
40%
47%
ord. h........
2/0
2/0
53%
Hubber Trusts
31/9
31/0
S'hri Elec. Constr..
GO/- 55/-
over-
15%
15
Van Ryn Deep ...
63/14567
2%
2#
Elec. Musical In
dustries
20/74 27/0
37%
38
Olin.
Curtis Wright Con
Cuty Inc. ...........
21% 7
2174
48/14 48/0 93/9 03/0
45%
4%
Southern Bailway
DG
03
(Deferred)
28/-
28/-
Electric Bond and
Share
91%
10
Royal Dutch 100
tl. sh.
£ 21
£ 214
17%
Shell Trans and
Electric Power and
Light
736
Trad. (Benrer),
52/0
12/6
Fox Filmy "A"
16%
16%
Geldenhuis
30/7
(Crown Mines
233/1
30/7 235/-
General Aviation
#
General Foods
224: 84%
2275
AMEX
General Motors General Railway
Signal'
Goodyene Rubber International
inent
38% 38
fire and
Co-
Uing 4231 21
213
R514 33
Um. 33
413% 4112
18
International Tel. &
United Aircraft ani
Trans,
Tel.
Jolins Manville
144 5612
United Corporation
224 0%
234
0X
Kennerolt Copper .. Lehmau Corporation Liggett and Myers
21% 217
72
| United Gas Improve-
Rient
73%
U.S. Ilubber
U.S. Steel
61%
"B"
03%
964
Universal Lent To-
Ines's Inc.
342
3-15%
bacco
Und
Unq.
Lorillard P. (Com.) 17%
18
Montgomery Ward
Vanadium
2051
27
30%
31
National City Bank
Warner Bros. Pic-
tures
7%
7%
(bid price)
20 15
30
Westinghouse E. and
National Distillers
80% 31
M....
394
3944
#6
364
Woolworth
G3%
54%
13
184 8716
10
19
G
34% 35%
13% 35% 10%
20. 81⁄4 8號
PRUNTHI 20092 AMON
SKJON VAJ
FRESH
43% 46 40
GO
Mado
10% 16%
in
10. 10%
England
12
SANDHURST-SIZE
?
45%% 45%
D9% 60
7
Corangery Limited
Sole Agents:
20%%%
284
0%
01%
44%
46%
132
:152
While working cargo on the prays Sam Fuk, a coolie, ncellentally fell
the sole judge, in contempt of the into the harbour. He was picked up provisions of the treaty, which.and sent to the Government Civil In the absence of any other con-lonpital. vention, continues to govern the
lovel of its anaemonts.
One
General Electric
"Facts of such exceptional country, imposes on her the duty of Gold Dus!
can lead to only gravity
showing prudence, observation and conclusion.
"She appreciates the friendly
venter
"They prove that the German action of the British Government Government, whether of aet purin which they seek, with her. International Har- pose or not, have made impossible effective guarantees for the exceu- negotiations the basis of which,tion of the convention. She regrets International Nickel 28% It has by its own net, destroyed.
that the netion of a third party should abruptly have rendered Vain
such negotiation. British Wireleas. THE "NEUTRALS” ON GUARANTEES
cover
of
Collective Security Systom
FRENCH ANXIETIES, "Even before seeking to dls
Whether All amendment could
the be obtained upon system of guarantees, sufficiently emclous to permit the signature of a convention which would legalike the substantial rearmament Germany, France must place in the forefront of her preoccupa-i
New York Central. North American Co. lions the conditions of her own
The text of the memorandum re-Owens-linols Glaas 86 security which she door. not Reparate from the state of other ceived last week from the Danish, Pacifle Gas & Elec
Spanish, Norwegian, Swedish and interested Powers.
Swiss delegations to the Disarma- Packard Motors ment Conference is published in Pennroad Corpora- the White Paper and particular
"Fennnyivanla Rail- emphasis is laid on the fact that a tion convention of even limited scope Phillips Petroleum does not appear realisable without Radio Corporation reinforcement of security going Reynoldi beyond the propoanis of British memorandum..
op-
"The return of Germany to the League which she left so abruptly might have furnished an portunity and a means of dia- part these sipating at least in preoccupations. The presence of Germany in the Genevs Assembly leas Indispensablo would be no for the realisation of a satisfac
guarantees tory system of exceution.
CAPITAL IMPORTANCE.
of
+1
tric..
rond
ས་
poration
Edison
N.J.
Tobacco
Senrs Roebuck .... It adds that in view of the gravity Socony-Vacuum Cor- of the situation, it is the duty of Southern California the signatories to take into sorlous! consideration any reasonable pro-Standard Gas and posal for increasing guarantees Electric.................. 12 "On this point of capital import within the limits of the acknow- Standard Oil Co. of ance, however, Mr. Eden was not ledged obligations of the Conven-
Products able to bring from Berlin any ant and taking into account the Sterling favourable solution and tho special situation occupied by any
Studebaker Corpora- silence observed. In this respect la State in League of Nations. the course of the most recent "In this connection Germany's Texas Corporation communtentions does not permit roturn to the League would un- Transamerica of better hopes,
doubtedly represent an important Ualon Carbide and
Carbon The experience of the last war, contribution to a solution of the
of collective Union Pacifie tho horrors of which France had grave problem to enduro more than any other security."-British Wireless.
Inc.
tion
way
Despite the limited time avail- able, Mr. Latham, has accepted, on behalf of the Mission and himself, the cabled Invitation of the Australian and Now Zealand Association to a Complimentary Tiffin, which will be held in the Jacobean. Room of the Hongkong!
In view of Mr. Latham's minaion, the Association has docided that attendance at tho timin will not be limited to Members. Tickets may be obtain- ed from the Hon. Secretary of the Association, Mr. N. Stockton,
STERLING DOWN
HEAVY DEMAND FOR AMERICAN DOLLAR
London, Apr. 18. Contrary to expectations, ster- ling turned weaker to-day owing to the heavy general demand for dollars believed due to President Roosevelt's opposition to infa- tionary achomes.
It was expected that sterling might react in the opposite direc- tion following the reduction of Income tax, the balancing of the badget and the declaration of a surplus, compared to the deficits in America, France, Italy and Japan.
However, these things are all expected to prove bull points for sterling, eventually, causing foreign interests to seek invest- ment funds in Britain, despite the small yielde they may get- Reuter.
Three cases of meningitia and two canes of diphtheria were reported to the local health authorities on Tues- day.
The wedding is announced to take place shortly of Mr. John Cheung, clerk, residing at Kowloon City, and Miss Soo E. Fong, of 28, Cheung On Street, Kowloon City.
Whiteaways
LAFOLAW 6 CO LTD MEN'S: DEPARTMENT. NEW SPORTS SHIRTS
A fashion in Sports Shirts for
mon that has coine to stay.
Made of soft Cotton Malte
material. Short Sleeves. Can
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Blue.
TENNIS SHIRTS
Men's White Poplin Tennis Shirts.
Light weight. Best English make.
Closed or Open: Neck. All sizes.
Price $3.95.
Prico $2.50.
MEN'S **POROSKNIT"
UNDERWEAR
Soft openwork White Cotton Underwear. Light weight and hard wearing. All sizes 32 to 44 inch. Open 'Neck. No Sleeves.
Vests $1.25 each.
Trunk Drawers with Elastic Tops
$1.50.
B.V.D. AERTEX & CELTEX UNDERWEAR. MEN'S OUTFITTING. DEPT.
WHITEAWAY, LAIDLAW & CO., LTD.
Do you wake up tired.
́DIPLOMATIC DINNER.
London, April 18. Sir John and Lady Simon enter- lained the retiring Norwegian Minister and Madame Vogt at dinner to-night.--British Wireless,
A MATTRESS
...... Can Make This Difference in a Woman's Face.
Club Strmy C
·
Or radiant...enger-real.y vital looking?
Whether you know it or not, there is a difference in the kind af eloop you get-from different mattresses.
Feeling around all night for a comfortable position
huddled
JOHN D. HUTCHISON, & Co. Hongkong.
837 Inner Springs- in Individual Pockets
Scientific observations have proved that you cannot get tely rested on a lumpy or a sagging mattress.
in a hollow. Things like this leave nerves and muscles only pay rested. And the lines they write on your face are known as lines ofmattress fatigue.
"2
But there IS a mattress that is bientifically built for completely relaxing eloop the Simmons Beautyrest Mattress.
In this famans mattress are 837 tiny cells of finely tempered steel, each in its individual muslin pocket..
I
They buoy you up. You feel no pressure. No restriction. You, can turn in your sleep without knowing it! Every inch of you geta gloriously relaxed!
GO SEE this wonderful mattress this very day.
SIMMONS Beautyrest