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FINAL EDITION
The
Hongkong Telegraph.
FOUNDED DE
No 14060
二拜禮裝六十月四英港香
APRIL TUESDAY,
16,
1935.
日四十月三
SEEK TO PLACATE
GERMANY
SCANDINAVIANS IN PACIFIST ROLE
ATTEMPT TO TONE DOWN FRENCH REBUKE
(Bu Telegraph. Copyright, Telegraphic Messages Ordinance, 1894. Rescived, April 10, 11.30 am.)
Geneva, April 16.
t
PREPARED
FOR RISE
IN SILVER
CHINA'S POLICY
SETTLED
CREDIT FOR TRADE
Shanghat, April 10.
An important statement in ex- pected to be made by Mr. T. V. Suong, Chairman of the Board of Directors of the Bank of China, whon ho nitends a preaa con. ference to-day in connection with the silver altuntion, which
All causing serious concern on
Authoritative circles learn that ля д result of a aeries of con ferences among the Chincae Authorities, including
The League of Nations Council, after a private sides. session which lasted for an hour, adjourned again to- day until to-morrow, when it will discuss the French appeal respecting Germany's violation of the Versailles nancial Treaty.
Meanwhile the Scandinavian nations have started a movement to placate Germany and also to tone down the French resolution rebuking the German Govern- ment.
M. Peter Munch, Norwegian Foreign Minister, con-
Mr. T. V. Soong and Dr. H. H. Kung, and also`n conference be tween a number of leading foreign bankara, definite measures have been reached for the purpose of meeting the silver situation. The public is now assured that the Chinese Government is quite prepared for any further rise In the silver price in the world
ferred with Sir John Simon, the British Foreign market as a direct consequence Minister to-day, after which he urged a more vague resolution, not condemning Germany.
It is also learned that the "British are fearful that the Anglo- Italian declaration for co-operation, reached at Stresa, may be misin- terpreted in Berlin as a threat to the Nazi Government.
It has been emphasised, there- fore. that the declaration "does not promise assistance to France, but À mutual arrangemeni for the demilitarised protection of the Arcos."
OTHER BUSINESS
The French, na
was expected. are leading the campaign · for severity in dealing with the Ger
i
INSULL. CHARGED AGAIN
SONS NAMED IN INDICTMENT
INVESTORS
VICTIMISED?
of the American liver policy.
After completing his business here Dr. H. H. Kung rèturned to Nanking late last night in com- pany with R number of oiner Government Metals, Central Nerea.
PROTECTIVE BUSINESS
Shanghai, April 16. After a conference with J large number of Chinese financial
Mr.. Navilla Chamberlain,, who in- troduced his fourth Budget in the House of Commons yesterday.
Statesmen
Marked By Assassins
RUMOURED PLOT BY ANARCHISTS
SWISS GUARD
FRONTIER
(Special to "Telegraph")
18, 7.85 8.M.
y Telegraph, Cepvikekt. Telegraphio Mrange Ordindace, Pi. Received, Aprü
Geneva, April 15. French officials have informed
londers last evening, Dr. H. Ho Gunova Pollee that three
Kung
. Financo Minister, AR-
anarchists have been arrested in
nounced that s plan had been Marsailles, charged with plotting renched for the formation of the assassination of Signor Musso- credit syndicate for the exclusive purpose of extending credit to in, the Italian Prime Minster, trading firms And
industrial during his stay in Streen. establishments, which are caught in financial difficulties.
The capital of the syndiente is fixed at $20,000,000, to be jointly raised by the Central Bank of China, the Bank of China, the Bank of Communications and the Chinese Banking Association al Shanghai,
It was also asserted that the anarchists. had plotted to murder M. Laval, the French Foreign Dr. Edouard Benes,
TRAMWAYS CUT MONTHLY RATE
man action and have made cons fret with Danish and Polish and; other delegates in an effort to: overcome the objections to the!
Minister, Washington, Apr. 15. resolution adopted nt Stresa..
-The-Attorney-General Mr which relzaken Germany sharply.
Homer S. Cummings, has decided NOT SEVERE ENOUGH to ask for the trial of Mr. Samuel It is understood that M. Maxim Insull, Senior, and he nasociated, Litvinoff, Russian delegate to the Federal indictment under which it In Chicago, on the remaining Caune, feels that the résolution
is alleged that the Insull group is not severe enough,
transferred stocks and cash from However, he did not object the Corporation Securities Company when advised that M. Laval had when they knew that bankruptcy conferred with the Little Entente was imminent. representatives and bad won
In consequence of this transfer
from them full support of Stresa programme,
of this $20,000,000, $15,000,000 will be devoted to relieving Chinese industriúl establishments. loans in such nature being secured on mortgagen.
Dr. Kung assured the public that adequate mensüres
were
the of assets, the indictment charges, being taken to guard against the the Corporation outflow of aliver through smug-
investors
It is understood that all the Securities Company lost $200,000.gling or otherwise.-Central News. nations of the Entente have tenis-"
The cleven persons named in the
tively agreed to grant to Bulgaria, indletment include Mr. Martin In- Austria and Hungary armies of sull and Mr. Samuel Insull, Junior, 75,000 each.-United Press,
PLEDGED TO FIGHT
Geneva, Apr. 15.
90119 magnate.
of
the former utilities
Mr. Inaull and his two sons have thus far successfully fought against
It is learned on high,nathority the charges against them, which that Great Britain and Italy" are included üne of fraud. The specta- prepared to give military assis-cular chase, which led United tance to France if Germany States agents half-way around the violates the demilitarized zove world, and which culminated in the along the German frontiera. arrest of Mr. Insuli and his trial It la understood that the British and acquittal in Chicago, has con- and Italian reaffirmation of the ributed a chapter of excitement to Locarno Paet obligations, during the story of American finance. the Stress conference, implies that they agree to take military action
in certain circumstances,
Reduction As From
May 1
The public will be in- terested to learn that the Hongkong Tramways, Ltd., has decided to reduce the price of monthly tickets from $10 to $7.
PERRY'S
BROKEN
ROMANCE
ACCEPTS OFFER TO MAKE.FILM
EX-FIANCEE STAYS HOME
(Spacia) to "Talagraph")
the Telegraph, Copyright, Telegraphio Mesmora Ordinance, 1871. Received, Apri 14, 0.11 0.M.)
London, April 16.
Miss Mary Lawson, pretty English actress, told Reuter to-day that her engagenient with Mr. Fred Perry, famous tonnis star, had been broken off.
Miles Lawson said that she had talked to Mr. Perry by trans- Atlantic telephone last night and that they had then reached. their decision to end their engagement.
"Publicity killed our romance," said tho actress. "Somehow everything, Bocms to have gone. wrong from the start, perhaps because of Fred being so far away.
"We spoke on the telephone for a quarter of an hour last night and decided that our engagement should be ended.
"To-day I received a cablegram that Fred would necept a film | contract.
My-Interests-are-all-in-this- country" Miss Lawson added. "I Intend to remain here, although I have had offers to go to Hollywood." -Router Special.
WILL DEFEND CUP
New York. April 15. Fred Perry has declared he is going to England.
His future is by no means settled.
. He states, however, that he will defend the Davis Cup for Eng land.Reuter,
́NOTED ARTIST PASSES
WON HIGH HONOURS 50 YEARS AGO
over
SINGLE COF( 10 CENTÉ
116.20 PER ANNUM
WHITEAWAY'S
SPECIAL
́EASTER DISPLAY NEW. GOODS
IN
ALL DEPARTMENTS:
MARKED. AT
LATEST EXCHANGE.
PRICES.
BRITAIN'S SOUND FINANCING
BUDGET INFLUENCE FOR STABILITY
BANKERS GRATIFIED AT CONTROL FUND PROFIT
London, April 15.
Mr. Neville Chamberlain's Budget has failed to arouse any enthusiasm in the City, which considers it. merely typical of sound, conservative, British finance, and as such a step further towards restoring world confidence.
British bankers are gratified to learn that the British Equalisation Fund, or Control Fund, again earned a profit, which was unexpected, in view of the extremely heavy attacks made upon sterling last year, which the Fund had to meet.
It is pointed out that in face of the Continental monetary difficulties and uncertainties, together with the ever-present fears of American financial experi- ments, sterling will tend increasingly to become a refuge of international "panic" capital.
BRITISH BUDGET PRAISED
ROAD FUND RAID CRITICISED
The
"POOR MAN'S· BUDGET"
London, April 16.
The Stock Exchange was un- moved by the Budget, which generally coincided with- pectations.
It is felt that the restoration of the pay cuts to Government servants including the Army. Navy and Air Force, doctors on the Insurance Panel, judges, mem- hers of Parliament, Ministers and teachers, and the larger al- tend to increase lowances, will materially the popularity of the National Government with mass electorate.-Reuter.
the
RECOVERING PROSPERITY
London, April 15. The Budget introduced in the House of Commons by the Chan- callor of the Exchequer, Mr. Noville Chamberlain, provides for National Government's minor adjustments to relieve the Budget is praised enthusiastically Budget of the tax on smaller by those benefitting from enter incomes, restoration of the re- tainment duty and income tax remainder of the economy cuts in liefs, and those thousands who ealaries and allowances of civil have had restored to them their servants, teachers and others, and salary cuts, but the duties on a new duty on heavy oil for road London, April 16. The well-known artist, Mr. Far-heavy oil and soy beans and the vehicles.
raid of the Road Fund is criti-
In presenting the accounts and quharson, R.A., born in Edinburghcised by those interested in road his proposals, Mr. Chamberlain in May, 1846, died here to-dry.
His picture, Joyless Winter transport and cattle raising, and, said:"Broadly speaking, we may
of course, mooring.
any we have recovered 80 per Day" was bought by the Sir
"A poor man's budget" was Mr. cont. of our prosperity. Our task Francis Chantroy boquest
Neville Chamberlain's description is now. one of getting back the fifty years ago.
The Chantrey bequest, which of his fiscal statement when broad remaining 20 per cent, without usually produces a yearly income casting from London last night. jeopardising the confidence we of $2,000, is used to purchase But a more general opinion seems have already established. Given lower middle paaco abroad and a fair monsure British art for the Royal Academy, to be that it is n
cines budget.
for unity at home, I see no reason Sir Francis himself was a noted
The Daily Herald, Labour organ, why we should not, during this sculptor, and having no children, Czecho-Slovakian diplomat, M. left the bulk of his fortune, after declares it is an electioneering current year, make a further sub- budget and Intended to catch the stantial advance towards pro- Titulescu, the Roumanian Foreign his widow's death, to bo, adminis- voles of the 2,000,000 income tax eperity, and it is in that convic- Minister, and possibly others, tored by the Academy.
Sir Francia died before Far- payers, while seventeen million tion that I have framed my Budget during, the meating of the League of Nations Council In Geneva, quharson was born, but when the working class families get nothing estimate."
INDUSTRY REVIVES The Swiss Police contend that Scottish artist had exhibited in of it but cheaper seats in the the report is exaggerated but have the Royal Academy and won con-
This view, however, is by no
Rovlewing the results of the novertheless redoubled frontier Biderable fame already with his
past year, Mr. Chamberlain said 16.precautions and have also doubled oils, the Chantrey Bequest reward means general,
The Times, for instance, says industrial output had increased by the guard around the League ofed him and purchased at a good Nations buildings.
Agure what was, at that time, his that in ministerial circles the view about 12 por cont. Manufacturing is still strong. "ጸ ever that a production had catablished a new
Exports were Late reports from Marsellies finest piece of work-Reuter.
xeneral election will not come be record. fore 1936, and in that event the year by £30,000,000. said that no suspects were actually
budget can scarcely be looked, rates remained lower, and there upon as a vote-catching Implement. Was a great Increase in the volume of capital work, particularly in Press comments generally are now buildings.
S'HAI MARKET REPORT
FOREIGN EXCHANGE IS STEADY
The reduction will take effact as from May 1.
GENTINAKAMALACHUUSMIANTIEMSONALIZED!MILIARUFURAÇAN
(Special to "Telegraph") Shanghai, April Mr. Tusuli, an Englishunan by | The Foreign Exchange Market birth, and former associate of the Is Arm this morning. late Mr. Thomas Edison, was at There are a few buyers of ex- Britisk sources to-day admitted time one of the richest business change, while Joseph Brothers are
arrested. But magnates in America. His vast offering to sell heavily. that the joint declarations imply organisation collapsed with the
roport arrests. Rates
steadily until would whole fiscal fabric following the that Britain, like Italy
It is said that those in custody Interveno to safeguard
rumoura of the possibility of the include the Italian anarchist the disastrous slump of 1930-31. Mr. demilitarised zones but declared Insult lost his entire personal for establishment of a managed cur- Rudolph Gunscher, and his accom-
Toney in Hongkong caused the plice, Ida Caron!,
roso
that the declaration was not alnied tune in the ruins of his catastrophic market to enso slightly. nt Germany, because it also enterprises. Reuter, protects Germany against French
Aggression.-United Preas.
PREMIER GREETED
The Prime Minister, Mr. Ram- say MacDonald, was warmly wel-: comed when he entered the House of Commons within one hour of hla roturn by air from Stresa,
Replying to a question, he anfd he had not had time to consider a statement regarding the confor-
ence.
ARBITRATION
ACCEPTED
ABYSSINIA AND ITALY. AGREE
Geneva, April 15. The Longue Council has induc-
He would. If possible, mako. aed the Governments of Abyssinia statement to-morrow, or failing and Italy to settle the frontior that Wednesday, Boys. British dispute, which has threatened to Wireless,
Involve the two countries in war, by arbitration.
* LAVAL'S STATEMENT |
In
Later.
other elties diu
Paris authorities deny any plot U.S. Dollars were 40 1/4 and Sterling 1/7 15/10. Gold Bars to a89a8ainate Signor Mussolini or attack delegates to the League were $800.00.-United Press...
Council in Genova. However, they. admitted that they had checked The foreign exchange market upon certain agitators as a pre- caution before the Stress talks was firm at the close of the mor- and had arrested several term ning session, U.S. dollars at 40 1/8,porarilyUnited Pron. aterling at 1/7 16/16 and Gold Burs, $800.00.-United Presa.
INVITATIONS TO ROME PARLEY
PRESERVING AUSTRIA The arbitration will be arrang-
INDEPENDENCE N ed by negotiation under the Italo- 1. Gonová, Ápr. 18. · ·
Abyssinian Treaty of 1928.-. view of the evident misgiv- United Press.
Rome, Apr. 15. inga of the Little and Balkan
Invitations to the conference on Entestos with regard to Clause Falling from the second floor of Austria's Independence, officially Six of the Stroza resolution deal- No. 66 Shanghai Stroot, Taumati, a Axed for May 20, at Rome, are be- ing with rearmament of Austria, year-old child, ChanKwai-tsui, ingsont to Britain, France and Hungary and Bulgária, M, Laval, died at the Kowloon Hospital yester Germany, and other interested
(Continued on Page 7.) iday from a fatal skull inforyz20 ́staten,~~~Raufer,
SURRENDERS HIS TITLE
BARNEY ROSS CANT MAKE WEIGHT
New York, Apr, 15. Barney Ross, American holder of the lightweight championship of the world, surrendered his title to-day because he cannot make the lightweight lavel.
His successor will probably be determined by a series of elimin ation fights, Router.
U.S. FREIGHT RATES
RAILROAD CHARGES
INCREASED Through the courtesy of the Dollar Steamship Company, who received the information by radio this morning, it is learned that United States railroad rates will
cinema.
DUTCH DEVALUATION
London, April, 15.
up last Interest
Throughout the year, the cost
very favourable, though curtain fentures, such as the raid on the Road Fund and the lack of pro- of living remained substantially Retail vision for a sinking fund are below the 1931 level. criticised in some newspapera trade continued to expand. Thore was no diminution in the thrift of Reuter
the peoplo, Post Office Savings Banks, and Trustee Savings Bank, and not sales of saving certificates having risen by nearly £50 millions during the year. There be increased as from April 18. The Financial News states that could be no question that the im-
provement had been progressiy The Increases will be as fol-well-informed circles believe that and had now become substantial. lows: carload rates 7 per cent., Holland has already prepared a It was not without algnificanc with a maximum of 5 cents per scheme to devalue the guilder by that this forward movement ba 100 lbs.; for leas than a carload, twenty por cont, which would be followed a succession of balanced 10 per cent., with a maximum off the provincial States elections, world could be found a parallel applicable immediately the results Budgets. Nowhere else in the which are scheduled for Wednesday to the results they had achieved.
11 cents per 100 lbs.
The Increases will include all commodities except meals, which aro announced.-United Press, wi icrease 8 cents por hundred pounds.
The year showed in excess of revenue over expenditure, other than the sum applied to the with "throo provious convictions | reduction of dobt, of £19,905,000. against him, Teang Lam, who stole a
* DEBT REDUCTION Mr. Noel Coward, the woll-known pair of placers and a pair of pilers
In his statement "about playwright, and his host, in long from a shop at 904 Canton Road, kong, Commander. T. A. Hassoy, RN was sentenced to two months hard National Debt, Mr. Chamberlain have accepted the invitation of the labour by Mr. Wynne-Jones at the recalled that in April last, at the President and members of the Rotary Kowloon Police Court this morning. club to attend today's meeting. The Detective-Sergeant Franklin sald the Darliest possible date, ha repaid speaker will be Mr. 3, W. Beston, of defendant was arrested with the $105,000,000-of-four per cent.
(Continued on Page 7). Montreal.
articles in ħle posscasion,
the