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Hongkong Telegraph
FOUNDED 1881
No. 14423
DAM RE/EXGF. THURSDAY, JANUARY
3, 1935.
日八廿月一十
SINALE CAP • IN CENTE
$38.00 PER ANNUM
PACT FOR PEACE OF EUROPE
AUSTRIAN INTEGRITY
H
GUARANTEED
FRANCE AND ITALY ON COMMON GROUND
(By Telegraph. Copyright, Telegraphie Messages Ordinance, 18D4. Received, January 3, 9.30 a.m.)
London, Jan. 2. Along with the news that M. Laval, the French Foreign Minister, will go to Rome to-morrow, Paris re- ports make it clear that the Franco-Italian agreement for the protection of Austrian independence and in- tegrity has, in effect, been reached. It is now conceded that not only the outstanding Franco-Italian difficulties, but those of the states surrounding Austria, and stand- ing in the way of complete understanding, have been
overcome.
Difficulties with regard to the question of treaty revision have been met by omitting any reference to frontiers.
Details of the agreement will not be revealed until after M. Laval and Signor Mussolini have met, but Reuter has been informed that it is "a very precise, clear and unequivocal" thing,
**A
The agreement in described by
authority in Paris us tremenuous step towards the ap perenant of Europe and a new chapter in the history of dis armament."
The agreement la at present in the form of an aide-mémoire which will later be transformed into a draft protocol for aubmission to a Centra Europian discussion for approval. It covers purely France
the Italian problems, such ग status of Italian subjects in Tunis und curlain colonial Frontier demarcations, and a guaranice of the Independence of Austria by means-of-a-central--European pact in which outside states, such as Great Britain, Rumania, Turkey and others, will eventunity ho invited to subscribe.
After the meeting of M. Laval and Signor Mussolinl in Rome, M. Flandin, the French Premier, and M. Laval, will come to Landon
NICARAGUA
FRENCH FINANCE FURORE
BANK OF FRANCE HEAD REPLACED
CHEAP MONEY
POLICY
Paris, Jan. 2:
The nomination of M. Jean Tannery as Governor of the Bank of France, in place of M. Clement Moret, veteran financier, former Finance Minister and Governor of the Bank of France
M. Moret, former President of the Bank of France, who has been superseded by M. Jaan Tacımary.
since 1930, confirms the opinion Silver Market
In French financial circles that M. Moret has been opposed to the Flandin Government's new
policy which is slated to involve
the
Issue of 20,000,000,000 franes of Treasury Bonds. These, it is supposed, were to be taken up by private banks but would
be discounted by the Bank of France.
For London
ESTABLISHMENT
==
NEW YEAR CARNIVAL NOVELTIES CRACKERS and TOYS
AT
Speciál Bargain Prices
AT
WHITEAWAY'S
AMERICA'S NEW ANGLO-IRISH
FIGHT FOR··
RECOVERY.
TRADE ACCORD
DEPRESSION HAS MUTUAL BENEFITS IN
BEEN BEATEN
ROOSEVELT'S REASSURANCE
(Special to "Telegraph”) ·
Washington, Jan. 2. From reliable source, the United Press learned to-day that President Roosevelt in his annual message on Friday will give strong reassurances that the nation is emerging from the depression.
Unemployment, and new men- sures with which the Government plans to combat It, will constitute, it is understood, the foremost topic to bo dealt with in the pre-
The annual budget message is to be sent to Congress next Monday,
United Press,
NOW SEEMS CERTAINsidential message.
London, Jan. 2. Efforts to catablish n silver It is pointed out that this step market in London made further would result in a large increase progress to-day, when a sub-Com- in note circulation, but the con-mittee of the Metal Exchange i sequent reduction of interest visited bullion dealers to discuss President Roosevelt to-day an- rates would compensate for the contract technicalities. infintionary effect upon prices, it is argued.
The Government, it is aald, had 110 alternative for meeting the 1935 commitm:nts, owing to the dificulty of floating long term loans.
It is believed that the French Government intends to copy the British "cheap money policy" with a view to preparing for the future conversion of long term insura.
MESSAGE FOR NATION
Washington, Jan. 2.
nounced that he will deliver his
AGREEMENT
RESTORATION OF NORMAL RELATIONS NEARER
London, Jan. 2. Great Britain and Ireland have reached an agree- ment by which they will exchange huge quantities of coal for cattle, it is announced. The switching of Irish orders for coal to Britain will cost Germany and Poland an enormous loss, but the distressed areas of Wales, Lancashire and South-west Scotland will benefit in the same degree.
It is a gentlemen's agreement. The Free State will take a larger quantity of British coal in exchange for importation or an equivalent value of Free State cattle, and the trade will be carried on outside the customs walls which the nations have erected against one an- other.
MOTOR
p.m. on January THIEVES
It is understood that the sub-anual message on the state of Committee's intentions are still the nation before a joint scamion too vague to allow for a forecast
of Congress be of both Housea Iween noon and 3 a definite date for the com- 4. The exact hour at which the mencement of dealings, but it is President will begin to speak will considered certain that operations be made known later. will begin in the course of 1935.
of
The President said that he had not yet finished writing his mea-
Interviewed, members of the sub-Committee assured Renter sage. that their dealings with the bul-
on brokers' were CANAL NOT
NECESSARY
BUT VINSON TO URGE PROJECT
- SWANSON'S
VIEWS
(Special to "Telograph")
Washington, Jan. 2. Representative Carl Vinson
to report on the outcome of the declared to-day that he would
Roma conversations and try
make further progress in smooth-introduce to Congress to-morrow ing out international probl.ms.a resolution asking for the study Reuter Spacial,
of the Nicaraguan Canal project. Interviewed, the Secretary of the INTERNATIONAL CONNECTION
Navy, Mr. Carl Swanson, indicated Rome, Jan. 2. that he saw no necessity for the It is understood that the Franco- immediate for the immediate con- Italian agreement, which, it was traction of such a costly canai, in state of world com- expected, would be signed during view of the the visit of M. Laval, the French merce at present. He said, too. Foreign Minister, to teme, will that the Navy had taken no definite comprise a more forcible restate-position in the matter.
He admitted, however, that a munt of Franco-Italian principles; in connection with Austrian in canal through Nicaragua would be tegrity and independence. It is a boon to the Navy and that it further stated that the agreement would unquestionably be necessary includes a guarantee that Italy, to build such a cut within the next Yugo-Slavia, Czteho-Slovakia and fifty years owing to the expansion Hungary will not interfere with of commerce.United Press, the internal affairs of Austrin or each einer, and will not initiate any aggression.
POLICY UNCHANGED,
It was announced from the Ministry of Finance to-day that the Government's monetary policy would remain unchanged.
M. Germain Martin. the Minister of Finance, made the announce- ment when quesioned following M. Tannery's appointment to the Presidency of the Bank of France. M. Poincare's plans for financial recovery would be continued and the principles which M. Moret had adhered for the safeguarding of the franc would be maintained, said M. Martin.
Both the Finance Minister und I., Tannery were determined to uphold the gold standard, declared the Miniater-Renter.
TANNERY'S AIMS
The Cabinet to-day appointed 1. Jenn Tannery governor of the Bank of France. He succeeds M. Clement Moret, who now becomes honorary governor of the Bank.
01
Best possibla nature,-Reuter.
The President has invited pro- of the friend-minent members of Congrena to a conference at the White House on Friday night, when he plans to re- view the recommendations he will then bave made in his message and survey the legislative program- me generally-United Press.
U.S. Political Appointees
SPEAKER OF HOUSE
SELECTED
ELECTION ASSURED
(Special to "Telegraph") ;
Washington, Jan. 2. Democratic members of the
ABYSSINIA'S PROTEST
ENCROACHMENT
SECRETS
RACKETEERING IN ENGLAND
RING OF CROOKS
(Spacial to "Telegraph")
* Telegraph, Copyriphe. Telegraphie Wes- Grillmonce. 1894. Escaived, January
vape
The agreement is looked upon na an important step towards the restoration of norunt relations between the two countries and hopes are expressed that' such a development may lead to an im- provemont in the outstanding: Anglo-Irish political questions.
The affect of the, agreement will be that over 1,000,000 tons more of British coal will enter the Frou State, while Irish circles estimate that it will mean the extra im- portation of 150,000 head of cattle' over the present quata limita every year
A further outcome of the agree ment will be a cessation of Irish imports of coal from Germany and Poland as soon as the Fres Stato's present contracts, with exporters of those nations expire.
AID FOR DISTRESSED
The coal fields principally con-
London, Jan. 2. corned-are-those-of-South-Wales- How car stealers contrive to and Lancashire and South-west Scotland. Thus, the agreement get authentic registration num-will particularly benefit the dis.. BY ITALY
bers was disclosed at the Lam-tressed areas of Britain whore London, Jan. 2.beth Police Court to-day, when thousands of miners have been out
of work for many months.
It is understood that the ex change of coal for cattle will be carried on outside the duties which were imposed on Free State. found produce in connection with the
One of the men, however, named Henry Simmons, Was
A further communication from four men who had been charged Addis Ababa on the recent Uatual and remanded should have made and other frontier incidents, was another appearance, received at the Secretariat of the League of Nations and was publish- ed at Geneva to-day.
While persisting in the protest drowned at Brighten yesterday, land annuities dispute, and there House of Reprezentatives to-day against the "gradual encroachment" and a verdict of suicide returned will be a similar arrangement with regard to the duties on coal enter- elected Representative Joseph W. by Italy on Abyssinian territory,nt the inquest, Paris, Jan, 2.
The police, in outlining the case, ing Ireland. Byrns of Nashville, Tennessee, to the tone of the communication is
conciliatory and shows the readiness alleged that they had traced 250 to the four defend-
LONG NEGOTIATION The Domocratic delegation from of the Abyssinian Government to stolen cars be Speaker of the House. Pennsylvania at a special meeting ratiafy
Italian demands if their unts. They asserted that the
The Anglo-Irish agreement has a new Involved much negotiation, but it voted to support Representative responsibility for frontier fighting stealers would purchase
an impartial car, and use tradesmen's papers is understood that it was com William B. Bankhead of Alabanis is proved before
to secure innumerable registration pleted before Christmas. for the important post of majority authority.
attitulo The reasonable
dis-numbers in different districts for
Mr. J. H. Thomas, Secretary for party leader in the House. Friends
the Dominions, Mr. Walter Elllott, of Representative Bankhead declare played by Abyssinia is welcomed stolen and disguised cars.
They
also would London. The British Govern-
purchase Secretary for Agriculture and Mr. that the action of the Pennsylvania in delegation makes the Alabama Con. ment had been requested by the smashed cars for the sake of the Walter Runciman, President of the gressman's election as leader cer- Italian Government to use its good number plates, which they affixed Board of Trade, were the principal
offices in the matter at Addis Ababa to similar types of stolen vehicles. negotiators on the British side. Republican
The three defendants who ro the and their representatives both there
The Mining Association of Great Court to-day were Britain has been informed of the, House at a party caucus re-elected and at Kome have sought to exert apprared in
new development and arrange Representative Bertrand Snell of a calming influence.-British Wire-again romanded.-Reuter Special.
ments will be made by the Asso- New York as leader of the minority less. party.
ciation for allocating the new. trade between the coalfields con cerned. Reuter,
In an official statement issued to-day it was announced that "the Government desires more active policies for the Bank of France." M. Tannery since 1926 has been director
autonomous amortisation fund,
He is known tu uppose inflationary policies. However, he advocates the organisation of a short term money market in order to release frozen Capitali,-busted Prean.
INDIA
tain.
members
of
Senate Democrats, besides re- closting Senator Robinson of
appointed Senator James Hamilton Lewis of Illinois as party whip.
concerned with Austrian border The Franco-italian negotiations problema. were held up for twenty-four It is added that France and hours because Austria wna un Italy will most certainly endeavour U. K. TRADE WITH Arkansas as majority lender, re- willing, or reluctant, to agree to to include Germany in the non- any guarantee of independence interference pact, but at present by her Balkan neighbours. But it is uncertain whether "Germany" Signor Mussolini, Premier of would be prepared to be drawn Italy, has drafted a formula along into such an agreemont--Renter. the above lines, it is undertsood,
WIDER UNDERSTANDING which Austria has now accepted. This will enable M. Laval to go to
Vienna, Jan. 2. Rome and complete the negotia-
It is officially announced hero tions which, until today, were that Austria and all her neigh-
FAR REACHING EFFECTS
At the caucus of Senate Deme- crats, Senator Kay Pitman of) Novada was nominated president GOOD. PROSPECTS FOR pro tempore of the Senate, which paat he hold during the last session FUTURE
of Congress. The formality of his re-election by the Senate as a whole will occur later.
London, Jun. 2. Conditions and prospects
of Republican Senators at their
believed to have been deadlocked, bours, including Gorman United Kingdom trade with India party caucus re-elected Senator.
probably alao Great Britain, France, Rumania and Poland, will are reviewed in the report on the Charles L. McNary of Oregon as The non-interference agreement be invited to participate in the year 1983-34 by the Senior Trade leader of the minority party in the may well be very far-reaching, not new non-interference poet, in- Commissioner in India and Ceylon. Senate.
In the course of the report he Democratie members only in the casing of tonalon initiated by France and Italy, for
of the the Balkans, but in the improve the protection of Austria and for states that industrialists in both Senate at a caucus is elected Sana
countries ment of the dangerous Italian- the safe-guarding of the peace of
Aro at last realising tor Joseph T. Robinson of Arkansas that the Interests of all parties to be majority leader of the Senate, Yugo-Slavian relations, and pos- Europe-Reuter,
can best be served by substitut-United Press. by may be developed, during
ing a progressive spirit of co- M. Caval's visit to Rome, into a
optration and mutual understand- consultative pact. This 'would
Ing for the old attitude of sus- moan that the powers concerned,
piclon and mistrust. Italy, Yugoslavia,
Ho adds that the stimulus which
LONDON SATIFACTION
London, Jan. 2. Negotiations between France Czecho- and Italy for sponsoring a multi- Slovakia, Austria, and Hungary lateral pact guaranteering thei
Hauptmann Trial Opens
LINDBERGH IN COURT
BOOM ON BOURSE
FRENCH RENTES
SOARING
Paris, Jan. 2.
NEW ANTARCTIC EXPEDITION
BYRD TO SAIL KON FAR ADVENTURE
་
(Special to "Telegraph”**
The announcement of the ap- pointment of a new President of the Bank of France, M. Jean (Special to "Telegraph”).
Tannery, followed by news of the far-reaching Franco-Italian agree- Flemington, Jan. 2. mont, led to a boom on the Bourse The trial of Bruno Hauptmano, today.
184 Terrash. 'Comeríski, French Rentes gained as muchoma Ontiunsori, 1884. Zaistonda charged with the kidnapping and
Dunedin, Jan. 2. murder of the infant son of Co- as 135 centimes and other securial lonel and Mrs. Charles Lindbergh, tles followed suit. Router. opened to-day Thomas W. Tron-
Mr. Justice
chard prisided in the Supremo
SURE OF POST
with spectators and newspaper- *--- Washington, Jan. 2. men. In a tree outside the court, Mr. Josaph Byrns, Democratic commanding a view of the win- Representative
from Tennessee,dows, no less than Afty persons
Court, and the room was, jammed STOP PRESS
A new expedition, has been planned by Admirel Byrd, provided the ice is favourable.
He Intends to take his wonden ship Bear of Oakland" to King Edward VII Fand. ~ Anishina- at Valparaiso,
Chile-Router Special;
New York, Jab, 2 would agree to confer before any integrity of Austria have been this movement may be expected to
The Colonial Navigation Come
The destroyers Duncan. Diamond, intended political step was taken actively continuing and at the exercise on trade, is incalculable, was nominated for the Speakership clung to precarious perches,
conclusion of a French Cabinet and it is satisfactory to record of the House of Representatives The jurors were selected from pany's constal steamer Lexington Duchess, Dainty Defender, Darings, by any party concerned
meating this afternoon it was that imports from the United to-day by the Democratic Party, the Brat soventeen called from the been rammed and sunk on the Deeny and Delight of the
Flotilla, formerly the 1st. Destroyer It is agreed that Rumania announced in Paris that an Kingdom were remarkably well who thus assured his election when panel,
Colonel Lindbergh was seated East River.
Flotilla attached to the Mediterranean ahould be excluded from the invitation extended to the French maintained in the last trade year Congress meets to-morrow, in view
Over hundros passengers are so Fleet, arrived in Hongkong from: agreement, at least for the pre-Foreign Minister, Laval, by Signor over a wide range of competitive of the preponderance of Democrats in court, a short distance from
in the House-Reuter.
Manila" shortly before 10 am to goods-British Wireless.
Hauptmann. --United Prest. far unaccounted for-Reuter. sent, as she is not immediately (Continued on Page 73