LEADING ARCHITECTS AGREE THAT THERE IS
"SOMETHING DIFFERENT"
SOMETHING VASTLY SUPERIOR
ABOUT-
MALKIN TILES
QUALITY-ART-EXCLUSIVENESS.
Represented in Hongkong, by C. E. WARREN & CO., LTD.
China Building.
Tel. 20269,
Dollar
The
FINAL EDITION
reme Court/
Hongkong Telegraph.
JOINDED 1881
Na 1442
£#* A++## FRIDAY, OCTOBER 19,
1934.
日二十月九
SINGLE COPY » CENTE 28.00 PER ANNUM
DUNLOP Fort
TYRE
A feature of distinction and a factor
of safety
DUNLOP
FORT
HOPE OF SATISFYING JAPAN'S NAVAL DEMANDS
BEST ROAD TO NAVAL PARITY
SECURITY PREMIER
CONSIDERATION
JAPAN'S ISOLATION GIVES HER GREAT ADVANTAGES
(SPECIAL TO “TELEGRAPH")
(By Telegraph. Copyright, Telegraphic Messager Ordinance, 1894 Received, Oct. 19, 11.25 0.-)
Washington, Oct. 18.
Naval experts here are hinting at the possibility of the London Conference fulfilling Japan's demands for parity in sea power with Britain and the United States. Such an agreement may be brought about, they say, by recognising the principle of equality and security, plus the acceptance of Japan's global tonnage apportionment scheme.
Our picture shows Prince George (the Duke of Kent) and his fiancee. Princess Marion of Gresca, photographed
at Balmoral Castle together with his parents and Prince and Princess Nicholes of Greece.
Limiting the three great navies on a busis of 100 BAD LUCK per cent, security, Japan would be credited with 5
per
cent. special security owing to her impregnability and ON EVE OF geographical isolation, as contrasted with Great Bri- tain's proximity to Europe and the United States TAKE OFF exposure both to Britain and Japan.
U.S. EXPERTS' OPINIONS
JAPAN'S FLEET.
The sixty-five per cent, of armed ecurity which would thus be allowed to Japon woahl constiłatę i a fleet of strength which, in global tonunge, would be suitable to her. requirements.
The United States and Britain. lacking geographical security, would attain equnity with Japan with 100 per cent, security in their llouts.
she
BRITAIN OPPOSED. Britain, it is presumed, here, is ippard to global: limitation, but
to might agree partial! ti-lateral category imitation as the principle for the settlement of the eight-inch and six-inch gun cruiser dispute.
Naval experis here widely fo vour global limitation on the grounds that it would permit con- struction almost exclusively of vessels of larger tonnage and wlder cruising range, suitable for work on the United States Hen- board and territorial extremitien United Press.
our
FINAL ESTIMATE !
OF DEATH
Typhoon Claimed 76 Lives
(Special to "Telograph") ille Telegraph, Copright, Telegraphte Mra tha Berived, October 118. 14 ga
Manita, Oct. 19.. The total of those killed in the recent typhoon, together with those missing under circumstances pre- suming death, has now reached 76. This is be lieved to be a final estimate.
Throughout Luzon, how- ever, the total of homeless people is growing steadily. and now. approaches 100, 000.- United Press.
Insull’s Enormous
EMBEZZLEMENT Losses
CHARGE
G. F. GILBERT PLEADS NOT GUILTY
Geoffrey Fitzgerald Gil. bert, 37, of No. 117, Leighton Hill Road, a native of Southampton, England, charged with embezzlement of $4,800 from Messrs. Arnhold and Company, Gloucester Build-
was
the
ing, when he appeared at the Central Magistracy this morning,
CASH RESOURCES DRAINED
+
į
KA
BRITISH MACHINE CRACKS UP
TWENTY-ONE COMPETING
Cine
Spacing to "Telegraph">
Illy Telegraph, Courright. Telegraphie Ara-
krdinanze,
Ja terred. Unteler
Tation. Oct. 18. ---- most of Great Britain's tancied machines in the Landon- Mellourne air race was seriously damaged fothy, only two days before the start of the contest.
The plane was down by Mr. Catheart Jones and Mr. K. Wal- ler, had heen on a trial Right and had run for some distance along the ground after An apparently perfect landing, when the under- curringe seemed to collapse.
The powerful De Havilland! "Comet" came lu a standstill with
EQUALISATION ATTEMPTED
FOREIGN BANKERS IN OPPOSITION?
NANKING POLICY MADE CLEAR TO PUBLIC
Shanghai, Oct. 19.
The decision to establish a Silver Equalisation Com- mittee, it is reported, was reached at a conference of loading local bankers called yesterday by Dr. H. H. Kung, the Minister of Finance.
FREE STATE WAR ON FARMERS
YUGO-SLAVIA'S
DEMANDS
Format Request
To Hungary
Budapest, Oct. 18.
It is understood that the Yugo-Slavian Legation here has made a formal diploma. tic request to the Hungarian Government for certain in- formation In connection with the plot to assassinate King Alexander.
It was announced some -days ago that the Belgrade authorities intended to send a sharp protest to Budapest, because of the fact that anti-Yugo-Slavian terrorists were sheltering in Hungary.
Router.
SEIZURE
OF LAND
RESENTED
MANY ALREADY ARRESTED
MILITARY COURT
A war
TRIALS
Dublin, Oct. 18. between the Free
State Government and the farmers, as a result of the campaign of the latter against the seizure of pro- perty of those who have not
At WZpaid their land annuities, has
U.S. Silver
Purchasing
Resuming
MARKET LIKELY TO GO HIGHER
INDIA ALSO BUYING
taken a turn which is regard- ed as serious.
In East Cork a number of farmers, most of them Blue Shirts, have been arrested following their attempt to block the ronds and uño other devices to prevent seizures of their land. They have been imprisoned in Dublin pending trial by a miiftary tribunal,
Large forces of police have been drafted into the district and are carrying out raids and mak- ing arrests over a wide area," Nevertheless, the road-blocking continuics and was carried out last night on a more extensive acale than ever.
The fact that America
There is great police activity has resumed the purchasing where sixty-five larmers have been also in Cokilkenny and Colimerick of silver in the London arrested.-Router. market is expected to cause higher prices in the near |future.
A telegram.received this morning
the American Government bought Fritz from Shanghai states that silver in London yesterday, bellaved to amount to four million ounces. and Indications are that the market will go considerably higher.
The Finance Minister was quoted in a press inter-by Messrs. Swan, Culbertson and view after the meeting as stating that the proposed Silver Equalisation Committee would be formally established either to-day or tomorrow, it was expected. Local foreign banks are reported
her engines dug into the ground. to be opposed to the formation of The pilot immediately cut his 8 Silver Equalisation Committee. switch. but not before the pro- pellors had been bent out of all the initiative in opposing the Com- mittee's formation has been taken shape.
TO According to the Ching Prese, READY
BUY GOLD
It was at first thought that the by leading Japanese banks and entry must be scratched but it is financial interests in Shanghai.- now hoped that the backers will Reuter.
be able to procure new propellors from France in time to fit them
to the machine on Saturday and tint she will be ready to take of with the rest of the contestants.- Reuter Special.
THE PILOTS.
London, Oct, 18, The following is the list of pilots
competing in the race:
Squadron Leader Malcolm Me-! Gregor and Mr. Henry Walker (New Zealand); Colonel Rostoc
POLICY EXPLAINED.
Shanghai, Oct. 19. In an endeavour to clear up certain misconceptions and explain the recent action of
the Minister of Finance, Dr. H. H. Kung, in relation to silver, a statement was issued to-day in which it was pointed out that China was not going off the silver standard.
BUT WON'T ABANDON SILVER STANDARD
MISUNDERSTOOD POLICIES
Shanghai, Oct. 18.
India also bought in London yes- terday, and at the close of a steady market there were further buyers In evidence.
TREASURY PROFITS.
Washington, Oct, 18.
What is generally regarded as aļ
SEAMAN
KILLED
ON EAGLE
HIT BY FLYING PROPELLOR
LIEUT. CASSON'S PLANE INVOLVED.
further move to augment confidence | A most unusual accident ra-
in the monetary programme of sulting in the terrible death of an the United States, was made to-day Able Seaman
while she WAS
occurred
on the
by the Treasury when It took the flying deck of H.M.S. Eagle on her way to GANDISTINTINZUGSAKAURA
Hongkong from the north yes- terday.
RATE IMPROVES.
The Hongkong dollar opened at The seaman, Edward George 1s. 71⁄4d, this morning, a decline of | Russell, was working near several hallpenny on yesterday's rate. planes which were being tested The market, howevor, was
appears very on the flying deck. It
son
of
Russell was a native of Porth- mouth, his next of kin being his mother, who rosidon at 85, KiI-. minston Street, Portsmouth.
The Eagle arrives here to-mor row evening...
The fact that negotiations are in firm. Inter-bank business was that he turned suddenly while "The introduction of a silver ex-progress for arrangements permit done this morning at 1s. 7.5/8d., standing near one of the machines ting China to make purchases of but in the afternoon the 1s. 8d. and walked directly into the Chicago, Oct. 18.
Turner and Mr. Clyde Pangborneport duty and an equalisation An amazing story of a stock (United States): M. D. L. Asjas charge, merely broke the link beeld in the United States was re-mark was reached, with the mar-spinning propeller. He was kill
venled to-day by Dr. H. H. Kung, ket still very firmi.
ed instantly, receiving terrible market "war" between the and M. G. J. Goysendorfer (Holtween
China silver in Hansen (Den-1silver abroad, The link had been that auch purchases would soon beag KERETANTUSIAIS JAROTECTOR - Was stationary at the time..
and Finance Minister, who declared
Injuries to the head. The plane Samuel Insull interests and Mr. land); Lieut. M. Cyrus Eaton, a rival capitalist, mark) Squadron Leader Stodart severly strained, in any event, onstarted. He denied, however, that major part of its seigniorage
and
Mr. K. G. Stodart (Britain); account of the recent rise, through such an action
Lieut. John Casson, was told at to-day's hearing of Flying Officer C. G. Davies and speculation, of Bliver prices in Chinese Government was not in-placed them in the general fund Dame Sybil Thorndike, was in
on part of the profits out of general receipts and the case against Insull, who faceLieut. Commander Hill (Britain); London and New York. fraud charges here together with c. J. Melrose (S. Australia) Mr.
tended as a preliminary toward fa-column. The scigniorage profits charge of the machine. sixteen others.
Cathcart Jones and Mr. K. F. H. The present measures with regard troducing the gold standard injure those accruing from the Gov-
China.
ernment's charge for coinage of The prosecution alleged that Waller (Britain), whose catry is to silver had been adopted by the
Commenting on the opposition of metals. Mr. Eaton acquired such large doubtful ow C. J. Fitzmaurice market conditions had culminated foreign banks to the Imposition of holdings in key companies of the
to their crashing Government because the unhealthy.
The profits from the issuance of yesterday Insull organisation that he actu- and Mr. D. W. Bonar Creland): In a drain of silver from China the silver export duty, he said that certificates under the Silver Pur- ally endangered Insull's control, Mr. H. L. Brook (Britain); Mr. which, if unchecked, would have led it was due to their misunderstand chase Act against either bought or Insull was obliged to buy back John H. Wright (United States); to the loss of an essential part of ing of the Chineso Government's nationalised silver, will henceforth be treated just as is the U.S. $612,- some of the shares in Mr. Baton's Mr. R. Parer and Mr. G. E. Homs the metallic base of China's cur-monetary polley.--Central News. possession, but at an exorbitant worth (Now Guinea); J. C. Woods rency, the statement said.-Router.
000,000 gold devaluation Increment. He pleaded not guilty, and added price. Mr. Eaton's terms were for and Mr. D. C. Bennett (Australia);
consideration for the export trade from profit of about U.S. $2,812,- This amount the Treasury took that he wished he might be repre- U.S.$18,000,000 in cash for hold- Herr K. D. Parmentier and Herr
which was undoubtedly feeling the sonted by counsel.
ings with a market value of J. J, Mall (Holland); Miss Jacque TJ.S.$8,000,000,
adverse effects of the rising price 000,009 resulting from the 40 per Inspector Murphy, prosecuting,
line Cochran and Mr. Wealoy Commenting on the Chinese ex- of silver. This, on the other hand, cent, devaluation of the dollar this said that there was a possibility of Corporation Securities Company, Lieut. G. Shaw (Britain); Capt. Editor notes that business men in owing to the higher purchasing
The prosecution alleges that the Smith (United States) Flight change confusion, the Times City would stimulate the import trade, Year. The profit was placed in the further chargon against
the one of the Insull subsidiaries, was T. Noville Stack and Mr. S. L. London are at present divided in power of China's currency.
To-day's figures showed that prisoner:
drained of its capital and that it Turner (Britain); Mr. J. D. their views with regard to the No Government can afford to seigniorage profits up to October He was in a position of trust floated
U.S.$48,000,000 loan in Hewott and Mr. C. E. Kay (New practical wisdom of the Chinese consider a problem of this kind 16 amounted to US $8,171,206, The latest news received by the and his salary would be about order to provide insull with more Zealand): Flying Officer H. D. Government's action. Critics doubt morely from the viewpoint of one Silver certificates previously print-naval authorities, of the tug: Tai- $600 a month and about $300 com cash in this crisis.
Gliman (Britain); Capt, and: Mrs, whether it is pouible by artificial trading "Interest, for in a broad ad against the 62,000,000 ounces of koo is that she has arrived at Kin- mission," the Inspector sold.
The prosecution charges that J. A. Mollison (Britain).—Router. means to fix effectively the ex-sense the import trade is just as silver variously acquired and held hon on the Indo-China Coru this emergency nnancing was 'con-
change rates, regardless of the important as the export. Both can before the beginning of the silver Accompanied by H.M8. Adven- The Inspector applied for one cealed from the investors, who
price of silver, pings & be upset by violent exchange programme, brought an excess of ture, the Taikoo made an anchorage Competing machines in the Apparently the fly out of origin is artificial-Reuter
a Government's movements, especially If their U.S.: 850,000,000 to the Treasury at 11 a.mi., to-day.
་
week's formal remand.
Ball was fixed at $10,000.
were simultaneously urged to buy stock in the company-Reuter,
“WATCHING WEATHER.”
aggy London, Oct. 18.
(Continued on Page: 7.);
LONDON COMMENT.
London, Oct. 18.
general fund.
TAIKOO SAFE IN SHELTER
·TUGBOAT REACHES
KINHON