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DUNLOP
FORT
Hongkong Telegraph. DUNLOP
FOUNDED, 1881
三拜體
WA WEDNESDAY, APRIL
24,
1935.
日二十月三
FRENCH
U.S. MAY RAISE
SILVER PRICE
ADVANCE BELIEVED
IMMINENT
HONGKONG DOLLAR AT TEN-YEAR HIGH
Washington, April 23, Another increase in the United States silver price is believed imminent.
The new price is expected to be between 75 and 80
cents.
In New York to-day Messrs. Handy and Harmon, bullion brokers, were quoting silver at 69% cents per ounce. The present Treasury official price in U.S. is 71 cents..
In Montreal silver futures were upward 265 to 300 points due to the rise in London silver prices.
Transactions amounted to 840,000 ounces. Silver prices were the highest in New York since 1925 due to the rise in London prices. The London rise is considered to be mostly technical due to the fact
that many sellers have not yet re- turned from their holiday.
Most of the demand was from the Far East and United States buying was hot indicated-United Press.
U.S... NOT BUYING
London, Aur. 23.
The oplaton was expressed among | well-informed circles on the bullion
NUMERATANTEJUST!PR BISIEREMURTISSION/VANGJINATOREJİMNDAUT
The officlal rale of the Hongkong dollar on opening this morning was 2s, 2d, an advance of a halfpenny on ́yesterday's closing rate.
The business rate early on was 28. 27/8d. sellors and 2a. 3d. buyers. The market Is very steady.
CAJÓN BLANKEVEJAISTANTIESESNAKETANE
FIGHTING IN GRAN CHACO
BOTH NATIONS CLAIM VICTORY
CASUALTIES HEAVY
OFFICER BEATEN
CHINESE POLICE ACCUSED
SHANGHAI INCIDENT
Shanghai, Apr. 24.
Chinese police officers were responsible for an ugly incident yesterday afternoon when they solzed and beat a French polled- man.
party of seven Chinese constables,
The French policeman asked
entering the French Concession from Chinese territory In a lorry, to produce the requisite passes. I to The Chinese constables seized the
policeman and carried him over the bridge and Into Chinese terri- tors. There he was disarmed and then severely beaten.
He was later released and made his way back to his station. He is now in hospital.
The French authorities have mada representations
tho to Chinese Government concerning the affair and it is reported that a
antisfactory settlement has been
reached. Renter,
Hitler Keeps Silent
MINISTERS MOVE QUIETLY
NO MEETING IN MUNICH
(Special to "Telegraph”)
Telegraph. Conuright. Telegraphta Mesadors Ordindner, 1884. Received, April
1
(Special to "Telegraph")
(hy Telegraph, Copyright. Trigraphic 21, 170 parti Moongea Didivaner, 1995. Received, April
Buenos Aires, Apr. 23.
Mr. Arlyoshi, Japanese Minister to China, who has returned to Tokyo. report favourably on Sino.
Japanoia relations.
Bonus Bill
Means New
CLIPPER
SATISFIES
OWNERS.
RAPID FLIGHT TO CALIFORNIA
READY TO FLY
TO CHINA
.
(Special to "Taingraph")
fily Telegraph. Copyright. Telegraphio Meningen Ordinance, IFF1. Received, Apri
•æki 15 am.
Alameda, April 23
Less than twenty-four hours after leaving Honolulu, the Pan- American Airways liner, Oriental Clipper, landed at 2.68 Pacife Standard Time,
p.m.,
The plane was delayed slightly by heavy head winds, but other- wine the journey was eventless,
Mr. Juan Tripp, President of Pan-American Airways, telegraph. ed from New York to Captain Musick, commander of the sky- Iner that the results of the com- pleted test flight to and from
U.S. Taxes Hawali "fully justify the early
inauguration of a through-service to the Far East."
The message added:."Congratu-
United Press.
MR. MORGENTHAU'S lations to you and your crew."-
WARNING
VETERANS
ADAMANT
(Spacial to Telegraph”)
Reds Suffer Losses
(By Telegraph, Copyright. Tographie GOVERNMENT UNITS
Alesmapes Ordinanceć 1894. Racaived, Apri El. p. o.m.)
Washington, April 23,
Mr. Henry Morgenthau, Secre- tary of the Treasury, testifying before the Senate Finance Com- mittee to-day, said that any. War Veterans' Bonus Bill now pending would require additional expendi ture on the part of the Adminis- tration if it were approved, and would therefore call for additional Berlin, April 23. taxation, Contrary to earlier reports, it is How announced that Chancellor Adolf Hitler and Herr Hermann Heavy #ghting has been renew-
Dietrich. Reich Minister of wased in the Gran Chaco Valley be-Agriculture, are visiting Munich
tween Paraguayan and Bolivian troops who, for three years, have contested for the right of ad. ministering the jungle lands through which the war ragos, Both sides claim to have decisive victories.
market here to-day that the rise in London silver prices "largely technical, with the absence of sellers still on holiday. There is no sign that the United States is buying officially."-United Press.
MINES HIGHER
won
New York, Apr. 2%. The Wall Street Journal, repórt ing on market conditions, states that mining stocks were strong, An official communiqus from La due to rising silver prices, plus the Paz states that Bollvian troops expectation that the United States will sherly increase further the captured Charagua after sanguin domestic allver, price.-Swan, Culary fighting. The Paraguayan bertson and Fritz.
forces are reported to have retired in full flight towards Parapiti. Washington, Apr. 23. Another official communique, Questioned by reporters regard-published at Asuncion, claims the ing the possibility of another in- total destruction of, two Bolivian crease in the domestic silver price battalions, fifty prisoners and in view of the spurt in foreign large quantity of arms ailver prices, Mr. Henry Morgen-ammunition captured. Reuter thau, Secretary of the Treasury, | Special.
WON'T COMMENT
replied: "Do not bet any money
on what we will do," adding that the Treasury is acting hour to hour, indicating that a decision might be possible at any time.
One of Mr. Morgenthau's assist- ants in the Treasury sald that they are watching the situation closely, but refused to comment on the possibility of another increase in price.
BRITISH ARMS
INQUIRY
П
and
FIRST SITTING NEXT WEEK
London, April 28,
Senator Adams, commenting on the climb in the London Bilver price, sald: “I do not see any The Royal Commission on the escape from a dollar price for private manufacture of and trad-
Router.
on purely private businces and that neither Baron von Neurath nor Herr von Ribbentrop are at present in that city.
Should Bonus Bill be passed the Treasury Department was prepared to recommend new federal inheritance tax with a view to raising between $200,000,- 000 and $600,000,000 annually,
It was pointed out by Mr. Morgenthau that the Treasury's financial plans were based upon the President's Budget, and upon Etrict adherence to this plan the credit of the United States de-
Mystery has surrounded the movements of the political leaders during the past few days and udded piquancy is thus given the generally speculative position repended. garding Germany's next move In foreign affairs.
It is believed that Chancellor
should
Mr. Morgenthau warned that the market for Government bonds was likely to be seriously affected Hitler devoted part of the Easter holiday to a close study of the
expenditures be in- curred beyond the budgetary situation and that a Cabinet meet-limits, which would upset the ing is likely to be called in the Treasury's finance plans and tend near future, after which further
to retard recovery. announcement of policy are anti- cipated. Reuter Special
U.S. MISSION IN NANKING
BUSINESS LEADERS :
MEET STATESMEN
Asked whother, his warning In- cluded the Harrison: Bill,” Mr. Morgenthau answered in the af- Armativo,
sonic
This information (was thing of a shock to Administration
STRIKE HARD
BOMBERS
ASSIST
Kweiyang, Apr. 24.
There have been further suc-
SINGLE COPY ́10 CENTS
119.00 PER ANNUM
Fort
TYRES
are made for those who prefer SUPERLATIVE QUALITY
CLOSING LONDON SKY TO TRAFFIC
PREPARATIONS FOR KING'S JUBILEE
DOMINIONS' PREMIERS WILL ATTEND
London, April 23.
Five square miles of sky will be closed to traffic on the opening day of the Jubilee Celebrations, by order of the Air Ministry, which is prohibiting flying between midnight of May 5 and midnight of May 6 within a five- mile radius of St. Paul's.
Other Jubilee
news, which newspapers are featuring more and more daily, includes the announce- ment that His Majesty has finally chosen the design for the Jubilee postage stamps, the first issue of which will total 1,000,000,000.
These will be twice the size of the ordinary postage stamps and will be on sale for two weeks, from May 7.
MANY DIE IN PERSIA 'QUAKE
NEARLY 500 BODIES
NOW RECOVERE
RECURRING SHOCKS
(Special to "Telegraph")
“re
Work has been commenced on most of the 2,000 beacons whsch being built throughout the country. His Majesty will sot light to the first of those beacons which will encircle the United Kingdom with signals of fire on the first night of the celebrations.
Owners of licensed premises have been informed that they will kely be allowed to serve drinks continuously from 11.30 am, úntli 11.30 pm throughout Jubliec Week.
A feature of the procession on May 5 will be the attendance of Six Dominion Prime Ministera. Empire Premiers, in six separate carriages, will form the first
(by Telegraph. Copyright. Telegraphic section of the march to St. Paul's. cesses against the Reds, according Ordinance, 1174. Racsinad, Aprů |--Reuter. troops operating in this vicinity. to reports from the Government | is, m a.mj
-Official-despatches atate that
Paris, Apr. 28.
LONDON Getting READY
- London,-Apr-23, - the Communists lost over 1,000 Recurring earthquake shocks, men in a battle at Shengrun, and since April 12, in the Persian pro More than two thousand local that Government casualties were vince of Mazanderan, have resulted authorities in Britain are complet- less than 100.
In the deaths of saveral hundreds ing. the preparations for next of persons, according to a message month's Silver Jubilee celebra- from Teheran.
Already 483 bodies have been
Government forces, assisted by eight bombers, have attacked ឆ concentration of Red troops on the Kweichow-Yunnan
it is continuing In
this
tions.
border and repovered from the ruins of build-. In most cases, local Councila have already infileted more than ings in the neighbourhood of Sarl have voted funds for decorations 2,000 casualties,
stated. and much damage has been done. and illuminations. Bonfires, pro- Fighting is
Communications have been cut cessions and treats for young and old, in addition to thanks-giving off entirely. sector.—Router.,
Tremors have been feit in a wide services, are to be features com- aren, as much as 260 miles awaymon to most local celebrations. Reuter Special.
S'HAI MARKET REPORT
U.S. SILVER PRICE RISE EXPECTED
Shanghai, April 24. The Foreign Exchange Market is very strong here this morning duc to the rise in London silver prices. }, There is also anticipation that
LONDON MARKET
REPORT
GENERAL TONE IS SATISFACTORY
London, April 23. The general tone on the London
It is, however, certain that the major spectacles, including the Royal processions and procession- ni drives, will bring unprecedented numbers of sightseers to London, and most elaborate arrangements have been made for orderly stand- ing of the crowds. All along the routes of the main processions,. platforms have now been erected on every available alte, and pylons draped in blue and gold and sur- mounted by Royal emblems have been erected. Elsewhere, schemes
londers who belloved that the the United States Treasury willStock Exchange to-day was satin for decorations of street and buil
Harrison Blil, Which was a com-
Increase the price of domestic factory but business was limited dings are being rapidly advanced. promise with the original, and
in practically all sectione.
Among the distinguished visi silver. costly, Bonus Bill, would be BC-
U.S. dollars are 40 1/8, Sterling Most of the commodity markets tors to London for the occasion ceptable to the Government and would not entail additional taxa 1/7 7/8, and Gold Bars 3786.00, are recovering from the holiday the Dominion Prime Ministers will
markot
a prominent place. The quiet influence, but rubbor prices ad- tako vory tion. It suggests the issue of The bonds to veterane which may be at 10.30 a.m. Rates are nominal. vanced on enquiry from America. Prime Minister of Australia is A feature of all markets, how-aiready here, Mr. R. B. Bennett, (Special to "Talograph:")
exchanged, at current rates, for U. S. dollars are 40, Sterling. 1/7
ever, was the strength of silver, Prime Minister of Canada, Gener Nanking, Apr. 24.
cash, over a period of three years. 13/4, and Gold Bare $780.00.
The market is easier at 11.15 "poi" prices. advancing 1-7/16 al Hertzog (South Africa) and The American Economic Mission
Earlier, a spokesman of the a.in. Banks are now reluctant to per ounce to 82-8/8, which is the Mr. G. W. Forbos (New Zealand) to the Far East arrived bors at American Legion rejected the sell exchange except, against cover. highest level since November 8, will arrive within the next Tow. 7 o'clock this morning.
was mainly due days. Some of the many Indian Harrison Bill and demanded in full'
There is some merchant demand 1925. The rise Shortly after their arrival the cash payment to War yeterans as
Company ia Tobacco
most demand, Later, business was don have already arrived, and
done at a farthing under the fixed others are on their way to Eng U. S.. dollars are 39.13/10, Steri- price, owing to heavy profit-taking land. ing 1/7.3/4 and Gold Bara $702,00. sales.-Router. -United Press.
prominent.
silver as demand is in excess of the ing in arms, will hold its first party laid a wreath upon the Sunprovided in Mr. Claudo Vinson's in which the British-American to largo speculative and Chinese rulors who will take part in Lon- floating supply of the metal."public meeting for the hearing of Yat-sen Mausoleum and Inter original Bonus. Bill.-Router
visited Mr. Wang Ching-wel, Special. President of the Executivo Yuan, And Dr. H. H. Kung, Finance Minister.
SHANGHAI POSITION
oral evidence on May 1.
Evidence will then be submitted
· Shanghai, April 24, on behalf of the League Finance and Commerce, in its Nations Union.British Wireless,
report on the exchange markot for the week ending April 20, refera
CHANG FLIES TO KAIFENG
Chan Chak-man, 28, of Hankow, was sentenced to three months' hard
WARMER WEATHER',
JUBILEE TRUST FUND
A record response had boon evoked by the Prince of Wales' racent broadcast appeal on behalf of King George's Jubileo, Trust, which is to be administered in the.
labour by Mr. Wynne-Jones,' at the A weak anticyclone covers interests of the youth of Britain,;
Japan. A
ridge of
The party lunched with Mr. Wang Ching-wel.
The visitors are spending the to the "Gentlemen's Agreement” Young Hing, an unemployed man, between the foreign and Chinose was brought before Mr. Schofield at afternoon sight-seeing, and will
Kowloon Magistracy this inorning the Central Magistracy this morning, have ten at the United States banks, says it may be all very well charged with, stealing a silk jacket Legation and dinner with a num MILITARY UNITS TO
when he pleaded guilty to stealing a central as a temporary expedient, but it from Chan Kong at No. 187 Gloucesterber of Chinese officials. United
red blanket from 67 Un Chat Street, moderately high pressure extends The appeal was addressed to BE INSPECTED has been pointed out with con- Road, ground floor, and with returning | Press,
an overcoat from 88. Fik Wing Street from S. to S.E. China and the all classes of the community, and aiderable truth that the exchange; from banishment. On the first charge.
and another overcoat from 230 Cheung Lower: Yangtze Valley, A depressmall subscribers were invited to Hankow, April 24. Sha Wan Road, on February 3, 4 and don is situated to the north-east send donations in unstamped eu- of a country cannot be indefinitely he was sentenced to six weeks' hard controlled by such an agreement. labour and nine months on the second.
12, respectively. Del-Sub-Inspector of, Hokkaido, moving northeast-velopes, Over £82,000 has als General Chang Hauch-Bang Poynts stated that defendant was V. The Burna, Philp Lino. M. "It is highly unnatural," says Delective-Sergeant Fitches stated that the journal, "for our exchange to complainant returned home about Neptuna, from Melbourne, Sydney, left for: Kaifeng by aeroplane this arrosted with pawnilekets i was ward, and a depression is moving ready been received in such a way. Local forecast-East to S.E. to be opened, and more are arriv- be so far below the practical parity 4.16 s.nt, to-day and found that his Brisbane, Salamaus, Rabaul, Banda morning where he will Inspect the posesjon. He also admitted other eastward across Manchuria. A further 10,000 leitars have yet
jacket had gone. He woke up his kan and Manila, left Sydney on April Government troops. In the field potty thefts of a similar naturo. De of aliver, and these unnatural con- friend and they with the aid of 20 for Hongkong via the usual ports,Afterwards he will probably ferant's excuse was that he needed winds, moderate; cloudy, showery, ing by, every post-British Wire
(Continued on Page 5.) torch saw defendant running away, und in das to arrive here on May 14 travel to Shenet Reuter money to journey to Hankow,
warmer,
Ioss.
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