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FIRST EDITION.
Hongkong Telegraph
·POUNDED LOGI“
No. 14423
£# A#+ FRIDAY, OCTOBER 26, 1934.
BANKS PROMISE CO-OPERATION
BUT URGE BALANCED U.S. BUDGET
CREDIT DEMANDS
ENCOURAGING
RADID INCREASE IN TRADE RETURNS
Washington, Oct. 25.
The American Bankers' Asso- ciation, in convention here, has replied to President Roosevelt's personally delivered request for a loosening of private credit, by un- animously adopting resolutions promising to co-operate with the Government, but, at the same time, demanding a balanced bud- get.
The resolution promising co- operation reports na on encourag- ing sign the fact that husinear is now requesting a greater volume of bank credits than the amount available.
+
The resolution dealing with the budget expresses a recognition of the necessity for emergency ex- penditure in the Interest of human welfare, but on the understanding that the statesmen of the nation, must meet such expenditures they arise.
12
Exponsca, point out the bankers, should not be allowed to excerd the income of the country in- definitely-Reuter,
WEDDING GIFTS FOR HOSPITAL
The Duke of Kent's Generosity
London. Oct. 25.
The Duke of Kent has agreed to the suggestion that all intended wedding presents from the public for Princess Marina and himself should take the form of donations to the fund for the rebuilding of 51. George's Hospital, of which he is the president, Reuter.
MEXICAN BANDIT OUTRAGE
MOUNTED BAND SEIZE TOWN
ESCAPE FEDERAL PURSUERS
(Special to "Telegraph”)
10% Telegraph, Conuright, Teleormshte Kra (grm Urdinance. 1391. Received, Votuber 14. x,30 130.j
日九十月九
FRANCE FACES CHAOS
IF CABINET FALLS
M. Doumerque, the French Promier, is facing murther politeal
who
crisis.
SEEKING NEW AIR RECORD?
· AUSTRALIA TO ENGLAND HOP
Doumergue Reforms Resented
OPPOSITION'S HANDS TIED
MIGHT CRASH WITH GOVERNMENT
Nantes, Oct. 25. France: faces. chaos. if the!
Government Nationalist
falls, and for that reason the National Socialists are
· M. Herriat, leader of the Radical
afraid to move in too un- socialists, who are threatening to
comprising a fashion against the Doumergue Administra- tion.
}
overthrow the Doumergue Govern. mant.
SINGLE COPY 19 GENTO
DIM PER ANNUM
lead
FIT
DUNLOP
GOLD STANDARD
STILL
FOUR THREATS
TO PEACE
Sino-Japanese Rift Leads List
(Spécial to "Telegraph")
STEADY
(By Telegraph, Copyright, Telegraphie Hao-
Ordinance. 1991. Ravelord, October | (38, 8.51 am)
Nantes, Oct. 25.
M. Pierre Cot, in a report presented to the National Socialist party congress here, states that the real dangers to world peace are the Sino-Japanese hos- tilities, the Austrlari pro- blem, the Nazi Influence. and the progress of Fascism.
He declares the League of Nations, through its fallure to settle hostilities in the Far East, lost strength and
rievertheless continue to support it.-United Press
Nevertheless, the existence of NO REVIVAL Prestige but France should
the present National Government of Franco Is threatened by the opposition of the Radical Social- lets, strongest single party__in] Parlament, to Premior Dou- mergue's proposals for constitu- tional reformus, based on the British jsystem of government,
The Radical Socialist Congresn opened here to-day and carried a resolution condenining M. Dou- mergue's proposal that the Prime Minister should have the right to FITZMAURICE TO dissolve Parliament without awalt-
ing the consent of the Senate.. TRY ALSO
OF ALLIANCE
ANGLO-JAPANESE PROTEST
PACT DENIED
London, Oct. 20. Mr. Norman Davis, with Mr.. Atherton of the United States Embassy, visited Downing Street to-day for a discussion with the It is expected that, the address of Prime Minister and Sir John Si- the Radical Socialist leader, M. London, Oct. 26. Mexico City, Ort, 25.
Herriot, on Saturday, will demon In'connection with the naval Armed to the teeth, a body of. According to a report from Mel-termino finally the attitude of the conversations now proceeding in 100 mounted bandits rode into the bourne, Catheart Jones
and Congress towards the Government. London. town of Tenango del Valle, Mexico Waller, who completed the 11,350 England in
*COMPROMISE LIKELY. State, and scized almost every miles journey from
The British and Japanese re- time which defence post to-day. They cap under Sve days-o
The majority of the Radical presentatives will meet again to- The major features
of the lured the police headquarters and until a week ago would have Socialists appear to consider that morrow, balance of international payments the jail and released all the smashed all previous records-the break-up of the Doumergue
may attempt speed fight back here for the first three months of prisoners.
TRADE IMPROVEMENT,
New York, Oct. 25; The issue of US$50,000,000 of Home Loan Bonds was overaub- scribed to-day.
the year, according to the Depart They turned their attention to when the fighting ment of Commerce, were the in- the armoury flow of gold valued at $920,000,000, was over and looted it and the net receipts from long-term capital principal stores and other build- $310,000,000, not receipts from ings.
short term capital $250,000,000. The town hall guards, however,
held the invaders nt bay. Compared with last year, exports The bandits fed, their horses of merchandise valued at $1,036,- heavily loaded with plunder, when 000,000 and importa valued at they heard the approach of $863,000,000 were 55 and 46 per federal troops who had got wind cent, respectively greater in value, of what was happening in spite and 22 and 11 per cent. greater in of the fact that the bandits had volume. Reuter.
cut the telelphone and telegraph lines-Reuter Special.
AMERICANS WIN PRIZE
THREE DOCTORS AS JOINT RECEIVERS
*,,JOM)
--
BRITISH HERRING
INDUSTRY
REORGANISATION NEEDED
Landon, Oct. 5.
|
AGAINST MONOPOLY
BRITAIN AND U.S. APPROACH TOKYO
TREATY BREACH
ALLEGED
London, Oct. 25.
Investors Interested In Sterling
гера
FRENCH POLITICS CAUSE UNREST
HUGE SUPPLY OF SWISS BULLION:
(Specia: to "Tatograph”)
( Telegraph, Copwright. Telegraphia Mass Ordiannus, N., Rocabrade -October 26, 8.05 a.m.)
Geneva, Oct. 25. The fact that hotel-keep- ers at Adelboden and other centres of tourist travel have decided to give British visitors a fixed rate of six- teen franes to the pound, is regarded here as evidence. that the Swiss Government has no intention of abandon- ing the gold standard, in spite of rumours of an im- pending change.
The appreciation of the pound from 14.80 to 15.30 last week was tue, according to Swiss bankers, aimoat entirely to heavy buying of sterling by France, where come capitalists are said to have been nfraid of the political develop- menta in Paris during the next fow wecke.
.
رو
They suspected that the upset, of the Doumergue Government was possible and that France. might even be forced to abandon the gold standard. In that event, of course, the Swiss franc and the Dutch Borin would not have been able to avoid following suit. This fear prevented the French from following their al „prae-
Government A would mean the Meanwhile rumours that a re- It is learned that the to England in their de Havilland eclipse of their own party followvival of the Anglo-Japanese all British Comet in order establish a freshed by political and social chaos.
Government, record for the double journey. [ It therefore would seem probable ance is under contemplation are through the British Consu- tice of purchasing Swiss franca.
Meanwhile Colonel Fitzgerald, that the party will entrust to its officially denied. They apparently who withdrew his Bellanca from leaders the decision on policy and arose from roports of trade dislar offices in Tsinking and The unrest, to some extent, the race because he wanted to will only ask of M, Domergue a cussions in Tokyo between repre- the British Ambassador in spread across the frontier and a
sentatives of the Federation of petrol when
Industries and a corres- Tokyo, has made represen-number of Swigs capitaliste have |been investing in sterling lately,
carry 8,000 pounds weight of modification of his reform * Japanese organisation.tations to the authorities | arguing that the pound has now
his American, cer-posals.---Reuter. tißente of Airworthiness ди thorised him to carry only 6.000 pounds, has now passed the
amount and may leave Lympne for Australia to-morrow in the hope:
nocessary tests with the former U.S. Fleet's
of breaking Scott and Black's time for the journey-71 houra.- British Wirdess."
PROGRESS OF RACE.
Port Darwin, Oct. 26. Squadron Leader Malcolm Mc- Gregor and Henry Walker, flying Miles Hawk and ropresonting the Manshvatu Aero Club of New Zealand, arrived here at 9.50 p.m. (G.M.T.) They left Koepang nt 5.25 p.m. after repairing a broken
win.
Race Through Panama Canal
·
REDUCE PREVIOUS TIME BY HOURS
MERCHANTMEN DELAYED
Panama, Oct. 25. The combined United States Pacific and Atlantic fleet, 88 Lambert vessels in all, rushed through the
(Special to "Telegraph")
All brunchos of the herring In-Toll pipe, ty Triegraph, Copyright. Telegraphic Mes dustry were represented in a de-
FARI Received, October purtation to Sir Godfrey Collins, that Lieut. M. Hansen. Danish It is reported from Alor Stur ages Ordinance,
Secretary for Scotland, and Mr competitor, in the air race, will! Stockholm, Oct. 26.
Walter Elliot, Minister of Agricul- leave at dawn on his way to Dar- The Nobel Prize for medicing inre and Fisheries, Lo-day. was awarded jointly to the Ameri- The views of the representatives.
"L John Wright, in Dr. George Whipple of were ivited upon the report of the Itechester. N.Y., Dr. G. Ninot, of Sea Fishing Commission, and Monocoupe, American entry, ar Panama Canal today from the University, and Dr. Feneral unanimity was expressed rived at Jask and C. J. Melrose Caribbean to the Pacific, in 39 William P. Murphy of Harvard as to the need for drastic reorgan-the young' Australian pilot, left hours, which is eight hours less University, it was announced to-isation of the Industry on lines Rangoon at 7.15 p.m. (G.M.T). than the timo required in the day-United Press.
recommended by the Commission.
J. Hewett and C. E. Kay in Provious dash through the isth- British Wireless.
D. H. Dragon, New Zealand en-mus, try, luft for Rambang at 6.25 p.m. (ĞİM.T:)—Reuter, '
eans.
Harvard
R. A. F. BALLOON ADRIFT
CARRIED 80 MILES AWAY
London, Oct. 25.
ROYAL WEDDING RING
TO BE MADE FROM WELSH GOLD
The Federation of British Indus. tries is purely a commercial and concerned with respect to ontirely unofficial organisation. the Manchukuo Govern- As has already been made.empha-
tically clear by the delegates them- ment's announcement of its selves the deputation now visiting intention to establish an oil the Far East has no official status or, authority-British Wireless.
Sinclair's Star Sinking?
GOVERNOR'S CHAIR NO NEARER
"DIGEST'S" POLL PROGRESS
monopoly.
The British Government takes the view that the proposal is violation of the spirit and letter
of Article Three of the Nine Power Treaty.--Router.
AMERICAN ACTION.
Washington, Oct. 25, The Government has made re- presentations to Japan regarding the Manchukuo Government's
touched bottom
The strength of the Swiss franc
and the nation's gold cover at present untouched, however, amounts to over 90 per cent. of tho currency Issuo.-Reuter Special.
ANGLO-GERMAN EXCHANGE
SPECIAL ACCOUNT
FIGURES
London, Oct. 25, With regard to the Anglo-Ger- announcement that it intends to
man establish an oll monopoly,
exchange igreement, the Board of Trade bag: ansiounced The representations are based that the unsold balanes in the upon the ground that a monopoly special account of the Bank of would be detrimental to the in- of England at the Reichsbank Lerests of American oil companies, amounted on the evening of Octo- especially the Standard Oll Combor 24 10.5,460,000 rolchsmarka, pany, and a violation of the "open approximately. door" policy and the Nine Power
The amount notified to the (Special to "Telegraph")
Treaty.
Itelchsbank and awaiting transfer It is understood here that the to the special account at midday Furthermore, on the last occa (By Tragraph, Copyright, Telegraphia Alex-
Ordinance, 11*1. Reselerd, October British and the Dutch Govern on October 24, amounted to 13,- sion of the passage from the
(19; 139 amid
ments are also making.representa-750,000 reichsmarks, approximate, Pavife to the Caribbean, only 71
tions-Router. New York, Oct. 25. Squadron Lendor McGregor left vesmols participated in the experi- The Darwin for Charleville at 11,07 ment.
Literary Digestan- p.m. (G.MT.).
nounces that the result of its Squadron Leader Stodart and The aeroplane carriers Lexing-California poll in the guber-Merriam a lead of about 6,000 over K. G. Stodart arrived at Slagapore ton and Saratoga took twelve natorial election gives Governor Mr. Sinclair. To-day hie majority at 41 minutes past midnight and hours to negotinto the canal owing Merriam 2 solid advantage hal bean awelled considerably, left for Balavia at 1.00 a.m. (to their width, which almost against Mr. Upton Sinclair, the Ha total from all parts of the
Lieut. Hanson was delayed for equals that of the Gatun and much fancied Democrat and state now amounts to 18,841, as DRAWING NEARER
ather locks.
against Mr. Sinclair's 7,547.
Later.
A balloon belonging to the Royal Air, Force Flying School at Lark- hill, while taking part in divisional eight miles from Dolgelly, in manoeuvres on Sallsbury Plain to- Wales, was forwarded to a firm of day, broke from its mooring cable London Jewellers and will be used In a violent gust of wind and drift- for the making lof
London, Oct. 25, Gold from Beddycoediwr mine, repairs at Alor Star-Renter
Princess
ed 80 miles before the pilot and Marina's wedding ring.-British Staff Omeer on board brought it Wireless. safely to earth.
Meanwhile it had been chased
by an autogiro aeroplane and motor cars-British Wireless,
HM.8. Rainbow arrived hers from Swatow this morning.
IN WIRELESS TOUCH
former Socialist,
While Mr. Sinclair's nomination "While the Digest poll is by no
ly..
Sales of sondermarks between October, 22 and 24, inclusive, amounted to 1,201,000 reichsmarks.
British Wireless,
A number of canal lamp etan- dards were knocked down by the
was not exactly that the Democra- means complete, or official, it POLAND & GERMANY crowding mon-of-war.
itle party aimed at in the state, tends to show the fooling of the
MORE FRIENDLY The combined fleets are steam the party decided to accept him on country. Mr. Sinclair's popu The following ships are expecting for California sports, San the platform, but not until Mr. Inrity: it would seen has passed ed to be in wireless communiea- Diego and San Pedro, and will Sinclair had considerably modi- its peak. It is possible that the tion with Hongkong to-day: continue their manoeuvres in the fed his programme of reforms declaration that he would tax Ursula .Rickmers, Liangchow,
A bazuar in aid of the Hongkong Hilda, Gertrude Maersk, Haiyunn, Pacifo. for the next few months, and made it more or less corres-industry at a high rate had some- Society for the Protection of Chikiren. Huichow, Wing Lee, Ronsan Maru, Part of their programma is a mock pond with the official policies of thing to do with the sinking of
Tourcoing, battle in the North Facific. of the Roosevelt administration. is to be held in St. John's Cathedral Cremer, Holhow
Hail on Wednesday next, from 11 Ryutaku Marg, Duisburg, Naldis, Long lines, of 51 morchant ves- a.m. to 6.80 p.m. Many Christmas Clam General Pershing, Notolsels, at either end of the Panama gifis will be available (ant patrons will Maru, Pre-Monroe, + Halbing, Cana), were-held-up-while--the also have the knowledge that they ar
Empreses of ;; Russia warships made their passage helping the Colony po
MESTEADILY: GAINING,AND
Yesterday's returns from the Californian, centres, as announced by the Digest, trave Gove
(Special to "Telegraph:),
Be
his star. The motion picture in- It is announced her dustry, for instance was pr the German and "P paring to move to Florida" if he ments had decided to” ere olestad and put his taxation the rank of embassies schemes into operation United Hon office