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三拜禮 十月四英港香 WEDNESDAY, APRIL 10, 1935.
HITLER DEMANDS LOST COLONIES
GERMANY'S POLICIES
DIVULGED
SIMON TELLS OF BERLIN CONVERSATIONS
(By Telegraph. Copyright, Telegraphic Messages Ordinance, 1894. Received, April 10, 9 a.m.)
London, April 9.
GERMAN
BID FOR AIR POWER
BRITAIN FEELS GRAVE CONCERN
MAY HASTEN EXPANSION
(Special to "Talograph")
In Telegraph, Copyright. Telegraphia Manage Ordinance. 1881. Nacrtend,” April 10,7 m.)
London, April 9.
Sir John Simon, the Foreign Minister, who was Britain's chief delegate at the Berlin conversations, revealed in the House of Commons for the first time to-many's for supremacy was fore-
day that Germany is demanding, as an assurance of security, a big army, navy and air force, and the return of lost Colonies.
The speeding up of the British military aircraft expansion pro- gramme in order to meet Gen
shadowed in the House of Commons to-day when Sir Philip Sassoon, Under-Secretary for Air,
declared:
日八月三
SINGLE Oort 10
$14.00 PER ANNU
All that is known about tyre making is embodied in
DUNLOP
TYRES
FRANCO- "BEARS" TRADE ON
RUSSIAN
ACCORD
UNDERSTANDING
[NOW ACCOMPLISHED
CONVERSATIONS
IN PARIS.
Farls, April 9.
The Franco-Russian defensive convention was virtually agreed upon to-day. It is designed to replace the projected Eastern Pact if Germany and Poland con- tinue to refuse to participate in plans for that agreement, as seems Inevitable.
According to newspaper reporta, the convention wit ultimately M. Laval, French Foreign Minister, ment, grafted into the revision of take the form of a milliary agree- who has virtually concluded
the League of Nations mechanism, Franco-Russian Convention to reland will dove-tail with the French place the projected Exstern Pact if, a is likely, Germany and Poland
He said that in the Berlin conference, Herr Hitler's proposals were laid before him. They included plans colopment is causing the British continue to refuse to participate
for an army of thirty-six divisions, representing a maximum strength of 550,000 men.
The Foreign Minister said that Germany claimed she should possess all types of arms possessed by other countries. With cortain reservations, Germany claim- ed a navy which would equal thirty-five per cent. of Great Britain's total tonnage, and aerial parity with Britain and France.
Germany," said Sir John, "is propared to accept a
Hystem of millitary supervision provided it applies to all powers equally.
Germany also favours an air pay between the Locarno Treats
natorice
***Germany will, not continue to participate in the League of Nu- iton if she must remain a coun- try of inferior rank.”
DEMANDS COLONIES
The Foreign Minister revealed for the first time, also, that Ger- niany is demanding the restoration of her colonies, taken from her in the War
Sir John Intimated that he had conveyed to Chancellor Hitler Great Britain's disappointment at the difficulties in the path of an agree- ment.
SIMON'S OUTLOOK OFFENDS
GERMAN VIEW OF
BERLIN TALKS .
ANXIOUS TO
"AID PEACE
- Berlin. April 9,
The speech of Sir John Simon,
In respect to the Stresa confer-British Foreign Secretary, dealing
with the Berlin conversations in ence, Sir John, when questioned which he discussed the possibility was unwilling to discuss Britain's of war prevention pacts with Baron policy. He said that
up to the von Neurath and Horr Hitler, is present the Government had not being closely scrutinised officially formulated a definite attitude as a before it is issued to the press for result of his and Mr. Anthony publication to-day. 'Eden's interviews capitals.
It is understood that officinl circles feel that Sir John has in- sufficiently emphasised the posl
in
NO EASTERN pact
foraign
Germany had made it plain, said tive side of the Berlin discussione,
Lo and Germany's willingness
"The rate of Germany's air de-
Government grave concern.
The situation needs careful
and continuous watchfulness In order that any necessary altera- tions may be made in our pro- gramme.'
therein.
U.S. Exchange
Sir Philip added that he believed Of Gold Stock
the Royal Air Force still enjoyed
a margin of superiority over the German Air Force.-United Press,
CAREFUL WATCHFULNESS
London, April 9.
"After all the relevant factors are taken into account we believe the British Air Force has still a margin of superiority over the German,"
Sir Philip declared Sassoon, in the House of Commons to-day.
"Nevertheless, the rate
of Germany's air development, he said, was causing the Government
grave concern.
The situation, he added, would need careful watchfulness in order that any
necessary alteration might be made in the British pro- gramme.-Reuter Speciál
Income Tax For China
.
GOVERNMENT NEEDS MORE FUNDS
Nanking, April 10.
For Silver
$12,000,000 TRADED IN FORTNIGHT
(Special to) Telegraph")
Washington, April 9,
It is believed that the United States Treasury is speeding up the exchange of
American gold for foreign silver is a move towards the eventual return to a gold standard,
World
During the last fortnight, the Secretary of the Treasury, Mr. Henry Morgenthau has sent at least $12,000,000 worth of gold abroad in exchange for silver..
Proposals to be made at the inter- national conference at Streat.
The French Government's pro- gramme, to be placed before Great Britain and Italy at Stresa, en- tails the revision of the League of Nations' Covenant in auch a way as to emphasise its defensive co- operation aspecte and the trolled limitation of armaments. accompanied by military agree. ments of mutual assistance, open to all..
con-
The Franco-Russian agreement was reached at a meeting hetween Mi Laval, the French Foreign Minister, and M. V. P. Potemkin. who has been acting as Russia's diplomatic representativo in Rome. The conversations. listed some two hours and the exchange of views, continued at a private luncheon which diplomatie repre- sentatives of the Little Entente powers, tumuali. Czecho-Slovakia,
and Greece Jugo-Slavin,
and Turkey attended.-Rewer,
CONVENTION EXPLAINED'
Parts, Apri| 9. The projected Franco-Russian convention, it has been exphined coneists of two parts.
In the first place, it will re- quest the League of Nations Council to reaffirm and reinforco It le indicated that in the event Ten, Sixteen and Seven of silver exceeding the price of 64.5 cents per ounce, the Govern ment will grant the producers the benefit of the higher prico.
There is, however, no oficial indication whether it would be necessary to lasue a proclamation raising the price.
teen of the Covenant; and secondly, it will define the mutual Franco-Russian obligations under these Articles.
SHARE LOANS
EVADE PROTECTIVE MARKET RULE
ARTIFICIAL DEPRESSION BROUGHT TO COLONY
That "Bears," finding it difficult to depress the local share market by forward sales-owing to the new rule requiring brokers to give numbers of shares sold forward-are now resorting to other tactics to attain their ends, is the allegation of a prominent City. man who is in close touch with Ice House Street activi- ties.
The method employed is the "borrowing" of shares against cash, and the utilisation of these shares for the purpose of "bearing" the market. In this way, an artificial depression is created.
Shareholders are warned of the folly of lending their shares for such a purpose, the result being, ac- cording to our informant, destruction of the value of the lender's securities.
KEEPING AMERICA NEUTRAL
PLAN TO AVOID ·
COMPLICATIONS
NO LOANS TO BELLIGERENT
20 10 9.mi
(Special to "Telegraph")
phe Copyrights, -(By—Telegraph,—Copyright Telepraphio -
Washington, April 9. Senator. Nyc, lending Re- publican,
and
The views of our Informant, given in the course of an interview on the effects of the new Stock Exchange rule regarding forward contracts, were expressed in the following words:
ONLY RELIABLE GUIDE
com-
"The Stock Exchange quotations of any large community must ba the barometer which registers more or less accurately the mercial condition of that com- munity and are therefore of con- siderable. importance. In order to obtain a reliable guide as to the state of affairs it is more or less essential that the daily quot- ations receiving official sanction should be bona fide and not "Dash" quotations created for r. specific punguse by interested parties at
over
the montent of the call over quotations designed not to guide but to misload the outside públic. "At the moment, the Hongkong Representative Stock Exchange is under the in- Clark, to-day introduced into their fluence of a 'Bear' raid of long
Houses respective
resolutions standing-carried out with per calculated to preserve the neutrall- tinacity and with considerable ty of the United States in the ability. Now, Bear' ralde from time to time serve a useful purpose After a private luncheon to-day event of a war abroad. given by M. Laval, Foreign
They have drawn up a bill which in checking too exuberant bulla markets Minister, to the Russian diplomat, will have the effect of keeping and act as a brake on M. Potemkin, and other diplomats Americans off the high seas and that might otherwise boll from Central
and Eastern prevent American vessels attempt and finally do a great deal of The Department of Commerce
harm.. reports that allver imports into European states, the Russian en- ing to run any blockade.
The Nye Bill would prevent ; M. Maxim telegraphed
"But in depressed Hongkong to- the United States during the voy
loans being made today, the 'Bears' seem to carry their nmounted month of March
to Litvinoff, the Russian Commissur private
belligerent powers by Americans. aasnult too far the persistent It is revealed by the Ministry $20,841,988, while silver exports for Foreign Affairs.
The second Bill, introduced by hammering of sound dividend pay- A decision has amounted to
It is understood that M. Polem- $3,128,899.-United
kin's message virtually elinehes Representative Clark, would om ing stocks below a 6 per cent. the Franco-Russian contract and power the President of the United return level soome unwise and also fixed April 24 for the com- States to refuse citizens passports unnecessary and can only be for mencement of M. Laval'a three-in war time.
the benefit of the few, to the do- Representativo Clark would Im-triment of the many. day visit to Moscow.-Neuter,
pose Imprisonment and a heavy "Since the local Stock Exchange Ane upon individuala or corpora introduced a rule forcing their tions lending money to combatants members to give number for the purchase of commodities. shares sold forward, the
United Press.
smashing tactics of the past fow months have been more or less abandoned by the Bear clique. It is pretty obvious that the real owner of shares is not ready seller of his stock on a depressed market-oither cash or forward.
Sir John, that she was not pre-assisi in the pacification of Europe of Finance that pared to sign an Eastern European and even to make practical pro-been taken to introduce income tax Press. Pact binding her to assist #posals in this connection.
Into China within the year as a nation in the ovent of aggression, particularly as she was not pre- The nelally Inspired Diploma-means to equalise the tax burden pared to enter into a Russo-Ger- tische Korrespondenz declares that upon the various classes and to man mutual assistance pact.
Germany is ready to participate balance the National Budget by On the other hand, Germany any arms convention creating recoupling the losses incurred by the favours A.
non-aggression pact for all its participants equal abolition of exorbitant taxes. among the powers interested in rights, obligations and security.- the Eastern European questions, Renter.
with provisions for consultation
if aggression is threatened,
A little earlier the House heard! Sir Philip Sassoon, the Secretary for air, forecast thei British aircraft expansion pro- gramme to meet Germany's bid for supremacy.--United Press,
London, April 9.
PLAN TO CULTIVATE WASTE LAND
EXTENSIVE SURVEYS
The income tax will be divided into two grades, the first applying to business and industrial enter- prises, such as banks und whole- sale houses, the second to Govern-
ment servants, men of free occupu-
tlons and certain traders.
In the meantime, the Ministry of Finance will issue a ruling that cach district shall complete its own budget for this financial year, within the latter half of this year, and also complete land registration so as to prevent the reinstitution of exorbitant taxes under other
Ship Ashore Near Hongkong
SALVAGE VESSEL TO RESCUE
FORTY, MEN ON WRECK
The Taikoo tug was yesterday names than those which have al despatched from Hongkong to the
been abolished-Central News.
aid of the sa, Ouchao, à Chinese-
ORDERED The Foreign Secretary, on the] eve of his departure for the Three- Power Conference at Stresa, made
Chungking, April 10. a statement this evening with!
In the name of general Chiang regard to his recent exploratory Kai-shek, Military Headquarters ready tour of European capitals.
There has lusuod à cheular order to Sir John Simon said it would be various
provincial authorities appreciated that just as the visits! paid to Berlin, Moscow, Warsaw throughout the country. lving them a perlod of three months in which
DELEGATES LEAVING
London, April 9. The British delegates to the Stresa conference, who are headed i by the Prime Minister; Mr. Hamsay MacDonald and the Foreign Minister, Sir John Simon, are leaving to-morrow.--United Prean,
Motor Fuel From Coal
U.S. NAVAL BILL
APPROVED
MEASURE PASSED. ON TO PRESIDENT
Washington, April 9. The Senate to-day passed the Naval Works Programme. Bill, which entails extensive building of ships, harbour Improvements and base construction.
The Bill now goce to the Preal-
owned cargo steamer Rying the CHINA TO PURCHASE dent for final approval.-Reuter,
Portuguese flag, which went ashore
at
Tal Ngan Shan, about forty
London inrution of February to take steps to survey all uncul- JAPAN'S CONSULS miles from Hongkong, whilst on, a
80
declaration 3.tivated tracts of land and hills of these visits, which wore to 500 mow and upwards and to submit provide material as to the views reports to the Travelling Milltary of other Governments, wore con- Headquarters enabling the latter to nected with the Stresa meeting of place
place recommendations before the the British, French and Italian Central Government for large scale Governments which will begin on development of the uncultivated Thursday. In these cireums-land
оп 2 nationwide baala.-
CONFER
SEEK TO IMPROVE TRADE RELATIONS
trip from here to Kwong-chow-wan. The vessel, which is owned by the Tal Fung's.. Co., of 25 Con- naught Road West, and ls of 250 tons, was carrying a cargo of matches and sundries at the time, there being no passengers on board. The master la Captain G. A. Souza, and the Chief Engineer Mr. Gouto. Both are Portuguese. There la a
40 Chinese on board.
BRITISH PLANT
chemists, i
DOLLAR RISES
SLIGHTLY
NOT FOLLOWING
SILVER
of
He only sells if compelled by dire necessity or for some specific reason, such us high exchange.
known that there are very for "At the moment it la pretty well
bona fide sellers of good local stocks-the barometer.
has gone too low for that. -:
LATEST DODGE. "The Bear" now finds it difficult. to depress the market by forward Shemold, April 0,
sules, as it is not easy to obtain the right to use specific numbers : Sheffield Industry la expecting
to put in forward contracts. He to receive orders for a quantity of
therefore resorts to another dodge. machinery, amounting to hundreds of thousands sterling in value, BUT
to assist him in his object. He "borrows"-shares against essh and following the arrival here of
contracte or promises to return- Chinese Government Mr. Chin Wen-ai and Mr. Soon Despite a rise of 3/8tha in the them to the owner, at some future same numbered Wen.
London price of aliver, the oficial date-notthe They have been sant to Sheffield rate of the Hongkong dollar ad- shares, but a similiar. number of It is offelally announced that crow ooo tug went to the scene in connection with the Chinese vanced only 1/8th this morning/shares in the Company selected. of other States, and it would not be Germany would be bound to mutual sion of the Japanese Consular yesterday afternoon and returned at Government's proposal to produce to 28. 04. The business rato
"Having, got the scrip in his possible to use the occasion for a assistance. In particular, Germany Conference, held at the local night, making a report on the motor fuel: from conl on a large romained unchanged at 25. 0.9/10. utilises them to smash down the possession, the Bear promptly pronouncement of the British was not prepared to enter into a Government's policy.
Japanese Consulate, practical stranding. She left again this scale, by a low temperaturo car and 28. 0.5/8d. pact of mutual assistance between geations for the improvement of morning with additional mivage bonation chemists to-day visited 08. being unaffected by the riso general debacle may enaus
Shanghai again remained at 1s. cash market, in the hope that n herself and Russia. On the other Sino-Japanese -- trado
and hand, Germany was stated to be in
if the vicinity of the the works at Doncaster in this in silver prices.
that he may be able to cover his favour of a non-aggression pact were submitted by various Consuls scena of the Brandtag is said to coincotion and samples of The advance in silver in short sales of months ago, ata between the Powers Interested in and were exhaustively discussed be favourable, and It is hoped that Chinese coal were tested and London was chiefly due to China profit. He will reap a proft, but East European question to The Conference was restored the ship will be got off without round Batisfactory for motor fuel und speculators buying, and to thousands oldônia Adewahare-
Continued on Pore 7.) this morning Central News,y much difficulty.
production-Reuter,-
small' offering e27
(Continued on Page:71)
tances, he could only make a sum-Central News. marised statement of what had
been ascertained as to the viowa
GERMAN REFUSAL
As regards the so-called Eastern Pact, Herr Hitler made It plain that Germany was not prepared to aign an Eastern Pact under which
Shanghai, April-10.
during yesterday afternoon's sci-
relations
The two