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The
FIRST EDITION
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WHITEAWAY'S
Hongkong Telegraphs
FOUNDED 188)
No. 15690
四拜龜 號六十月五英港香 THURSDAY, MAY
16, 1935..
·日四十月四
SINGLE COPY 10 CENTE $10.00 PER ANNUM
SILVER STRONG IN LONDON
LARGE SPECULATIVE DEMAND
HONGKONG DOLLAR GOES HALFPENNY HIGHER
The strength of silver in London has resulted in a further advance of a halfpenny in the Hongkong dollar rate and is keeping the Shanghai foreign exchange market very strong. The local rate to-day is 2s. 6d.
London reports the market very firm, with renewed buying by Indian Bazaars and speculators and a reluctance on the part of silver holders to part with their stocks. The apprehension of speculators that America might abandon her silver programme has been largely dispelled and the demand continues.
The possibility of the inflationary Patman Bill
Manoeuvres
Not Aimed
At Japan
SWANSON DENIES KATO'S HINT
FLEET KEEPS ITS DISTANCE
Washington, May 15.
the
Th
manor avres American fleet in the Pacific Ocrah are i no Was
aimed at Japan, declared Mr. Clande when spraking to Swanson,, Secretary of the Navy, press on-
ference to-diny.
A
The United States, he added. did not object to the Japanese fleet manoeuvring in the North Paciar provided it did not come within 2,000 miles of the west roast of America.
Commenting upon the allegation that the American fleet hat up- pronchud too close to Japanese territory in the mid-Pacific area, Mr. Swanson and that he had repeatedly given orders that no
should cross the 180th meridian.
becoming law in America, with Congress over-riding units of the United States feet sleigh, second favourite for the President's veto, is now stronger.
The Hongkong dollar advanced a halfpenny on opening this morning, the official rate being 28. 04. Business was done at 25, 5d. sellors and 2s. 6d. buyers. The market is quite firm at these rates, with buyers inclined to hold off.
In London, silver prices rose a halfpenny yesterday. India and China bought, afferings being small.
The market was steady.
LONDON SILVER REVIEW
London, May 5. Messrs. Samuel Montagu and Company report that following the fall on Miny 9, the market has be come very firm on renewed buying' by the Indian Bazaurs and specula- tors, which caused prices to rise quickly. The advance was helpedi by reluctance on the part of sellers.
FRENCH SEAMEN STRIKE
The Secretary of the Navy added that the approaching Japanese war games would bring the Japanese fleet
nearer to Hawaii than American Vennels had approached Japan.
"We consider that Hawati is United States territory," Mr. Swanson pointed out, "but we shall make
protest. Flects manoeuvre kome-
NORMANDIE'S CREW around to
WALK ASHORE
10,000. MEN AFFECTED
(Special to "Talograph")
where,"
nu
of
Referring to the assertion the Japanese naval figure, Ad- mirai Kato suld that the American fleet came within 1,260 miles of Japanese territory, which Was only 10 hours distant in lying time, Mr. Swanson emphatically denied that the manoeuvres were
lest the designed to
feasibility
of an air attack upon · Japan.-
elly Trigraph,' Copyright. Telegraphis Reuter,
Te
Ordinance, (894) Received. May m.)
The Secretary of the Treasury, Mr. Mogenthau's statement to the effect that an endeavour was being. made to restore silver to greater usefulness as a monetary metal, has reassured speculators, who had feared of some modification in the huge, new sliver policy.
Le Havre, May 16. The crew of 1,200 men of the
liner, Normandie, walked off the ship to-day as Keen speculative demand ensued. protest againnt the alleged owntra of the
which the
A good deal of profit-taking follow-fallure of the
Navigator's Heroism
Lord Derby's
Bobsleigh
Victorious
STORE WIDE SALE :
COMMENCES
MONDAY MAY 20th
SPECIAL LOW PRICES
Page 5 in this issue,
Whitoaway-Laidlaw & Co., Ltd
INDIA REFORMS RUSHED
WINS NEWMARKET CONTENTIOUS BILL
STAKES
REGAINS LOST PRESTIGE
(Special to "Taing=aph")
Illy Triegraph, Copyright. Telegraphio Stapasger Dedinamar, J896. firetierd. Mov
Newmarket, May 15.
Lord Derby's Isostegn, sccund Cavourite for the Derby, who lost prestige in the Two Thousand i Guineas recently, to-day re- habilitated himself by winning thei Newmarket Stakes, beating the Aga Khan's Hairan daily by two lengths.
Bobsleigh has now considerably cnhanced his chaneca of beating the Aga Khan's Rahran, Derby favourite, as Hairan is rated only a pound inferior in the official handleap of loading two-year- olds.
To-day's race WAS over a Lord Derby, whose hores Bob- distance of ten furlongs, whereas the the Two Thousand Guineas was Darby, bas again 'come into favour | R eight-furlong event. It is by wlanng the Newmarket Stakes, evident that Bobsleigh can im-
beating the Aga, Khan's Hairan,
Brutal Murder
In Peru
WIFE ATTEMPTS TO SAVE HUSBAND
BOTH SLAIN BY GUNMAN
Lima, May 15.
A sensational shooting untrage occurred in broad daylight here to-day in one of the city's most fashionable squarea when gunman shot and killed Senor Mero Queseda, wealthy proprietor and editor of the newspaper El Commercio, and his wife.
prove further still,
In to-day's Face, Bobsleigh drew away, coming out at the dip, galloping easily, with Resolution. He beat Halran after a short. sharp struggle, his time being 2 min. 4.1/5 secs., which is only u fifth of a second slower than Windsor Lad's time last year- Reuter Special.
No Funds For Relief
ILLINOIS FACING
CRISIS
Springfield, May 16. For the fourth time the Illinois House of Representatives falled three per cent. to-day to pass Governor, to provide funds for the males tax, demanded by the
state to qualify for the federal rellef grants.
IN COMMONS
PARLIAMENT SPEEDS
ITS PASSAGE
London, May 15.
Parliament has created a record by the completion. last night, in thirty Parliamentary days, of the com- mittee stage of the huge India Bill which originally consisted of four hundred and fifty clauses and fifteen schedules and is now even, bulkier.
One and a half million words were spoken in over two thousand speeches dealing with the India Bill during those thirty Parliamentary days and members spent eighteen hours tramping the division lobbies.
BRITISH EXPORTS INCREASE
TEN PER CENT. GAIN IN YEAR
IMPORTS ALSO UP
London. May, 15. Expansion in Britain's overseas trade is revealed in the figures for April, published by the Board of Trade.
An average of seventy speeches were mado dally, Mr. Richard A. Butler, Under-Secretary of State for india, led the list of speakers with two hundred aaparate ad- dresses. Sir Samuel Hoare, Secre- tary of State for India, before his absence from the House owing to Illness, had managed to achieve. the creditable total of one hundred and sixty-six speeches on the Bill. Brigadier-General Sir Henry Page Croft, Conservative from Bournemouth, one of the leading opponents of the Bill, was a strong and determined third with over 160 addresses reported by Hansard.
Sir Thoman Inskip and Mr. Winston Churchill, both of them antagonistic to the Government'> policy with respect to the reforms contained in the India Bill, spoke over a hundred times ench.
Moreover, the voluntary arrange. monts, agreed to by all sections of Imports were six per cent, more the House, for the allocation of than in April of last year, and time, worked very smoothly and those of articles wholly or mainty members carried on the debate in nunufactured value than in any month
were of greater a business-like manner. All
since
parties were well satisfed and February.............1932, except-lastuse of "guillotine methods," and“ October.
the enforced silencing of speakers
There are alx days still to be
ed the rise, but general speculative French Line to agree to certa HOW TAYLOR SAVED courage, threw herself in front or its share of relief grants was cut almost entirely to shipments of third reading of the Bill before it
demand has continued.-Reuter., working conditiona
PROGRAMME CRITICISED
Washington, May 15.
that tho
men claim were promised to them.
The strikers were joined by Mr. Winthrop Aldrich, Chair which was due to sail for America 500 men of the liner Champlain, man of the Board of Directors of this afternoon, and 300 from the the Chase National Bank, to-day told the Senate Banking and Lafayette, Currency Committee United States silver programme Paris to see the Minister of Mer- The men's leaders have gone to "had imposed an acute depression chant Marine in the hope that the on China and seriously affected dispute will be Mexico and that the result on our possibly to-morrow.
settled at once, own currency seems unimportant."
Also Mr. Aldrich said that the Meanwhile 320 higher price had not resulted in the Champlain have been forced any detectable Increase in the to and hotel accomodation here.- general price lovel-United Press. Reuter Special.
SHANGHAI MARKET
Shanghai, May 16.
Exchange rates here opened to-1
passengers of
THOUSANDS INVOLVED
SOUTHERN CROSS
Sydney, May 15.
Sir Charles Kingsford-Smith and his two companions, who har narrow cacapes from drowning Sea and had to jettison their cargo while lying across the Tasman and mail, owe their safety, to a daring act by Taylor, the navigator
of the plane.
When In dire straits, Taylor climbed on to the struts of the plane, carrying a thermos flask in a handbag, and obtained oil from the dud centre engine, "with which he revived the sick motor.
Le Havre, May 15,
It was this brave act which Representatives of the Seamen's enabled the southern Cross to
day as follows: U.S. dollars, Union claim that 10,000 French reach the Mascot aerodrome. 41.9/10, Sterling, 1/8.7/16, Geld acafaring mon will he called out Reuter. Bars $763,70,
The Foreign Exchange Market declaíon of the crow of 1,200 men on strike as a result of the was very strong at 9.30 a.m. due to of the new glant liner Normandie speculators, who lightened their to walk off their ship,
oversold positions prior to Mr. Morgenthau's speech, re-entering
the market as sellers.
It is announced that 800 men, the crews of two other large
Also there is considerable ex- liners, are leaving their vessels. I pectation that gold bar operators The men are Baking for fifteen will push pricas downward now days holiday a year, with pay, that the change-over is out of the old age pensions and payment of way-United Press.
wages monthly. They also de- mand that the time they spend in port must be included in their pay cheques,
MONETARY CONFERENCE
Senator Elmer Thomas, De mocrat, of Oklahoma
BANKS ASSIST ·
INDUSTRY
REAL STIMULUS TO BUSINESS
Shanghai, May 16.
Washington, May 15.
Marked improvement is evident| the condition of local trade and It is not thought that the industry since the end of last to-day maidon voyage of the Normandis month, as a direct result of the introduced a resolution authoris will be delayed, for
there is ing President Roosevelt to call an every likelihood of
stimulus afforded by Chineso the International monetary conference. being
striko banking circles through freely satisfactorily settled:-
granting short term loans to many hard-hit Chinese Arms and | factories, according to a statistical report issued by the Chinese Chamber of Commerce.
However, proponents of the New Reutar.
Deal do not wish to
initiative due to their experience
of the London
1933-United Press.
take the
Conference of
BARONY FOR BUCHAN
London, May 15.
GOLD DOLLAR PROPOSAL
London, May 15.
While expressing the hope that banking circles will continue this polley with the support of the Government-controlled banking in- stitutions, many firms and indus trial establishment are seizing the
The Colonial Secretary, answer- It is officially stated that His ing a Parliamentary question, said Majesty has approved the bestow the proposal to demonetise the ing of a Barony of the United gold dollar of the United States Kingdom upon Mr. John Buchan, opportunity to strengthen their
Exports showed an increase of were avoided. ten per cent, as compared with The state being short of money, April, 1924, the rise being due devoted to the report stage and Senora Queseda, with splendid
off and the federal grants were manufactured goods. her husband when the assassin Immediately stopped, resulting in
goes up to the House of Lords.~~' opened fra and received in her body the closing of relief depots and For the first four months of the Reuter. the first several bulleta. Falling, the suffering of thousands. It is current year the excess of importa
London, May 15. ale still clung to Senor Queseda, said that over 1,000,000 persona over exports of merchandise
are near to destitution, depending amounted to £81.1 million, or agreed upon by ropresentatives of According to the time-table attempting to shield him.
upon rullef for the necessitica of £14.0 million less than in the corall parties in the House of Com- The murderer, however, care-life, and that 250,000, are near responding period of 1934. Owing mons, the third reading debate on to the Easter holidays, there were, the Government of India Bill will ally wounding Senor Queseda. The Houae is preventing a two-thirds in the previous month, and the which fully aimed and fired again, mort-starvation.
The Republican bloc in the fewer working days in April than be taken on June 4 and 5, after gunman fired five alota at his vic- majority being reached which is comparisons were affected by this will be sent for consideration by this important measure tims altogether and then turned the required to pass any money hill. factor. gun upon himself. His wound is
The situation for the unemploy-
the House of Lords. The com- serious.--Router.
ed, 200,000 familles of them, is The total value of imports for mitteo stage of the Bill ends in the Commons to-night, and, by ag200- steadily growing worse. The state last month was £59,844,000, for
MANOPERATORNADO PROSTYCKEN MAKERVERK
LAWRENCE STILL UNCONSCIOUS
Condition: Remains Unchanged
London, May 15.
Lieut.-Colonal T. E. Law- rence, the "uncrowned king of Arabia," remains uncon- sclous, suffering from a fractured skull and concus- sion, sustained when he de- liberately wrecked his motor-cycle in attempting to avoid à collision with a boy cyclist.
His condition, it is re- ported, is unchanged, But it is stated that hopes for his ultimate recovery are improved.-Router.
to the report stage.—British Wire- leas.
is nearing the "danger line" be the previous month £60,509,000ment, four days are being devoted cause of their discontent.
and for April, 1934, £66,326,000. Over 2,000 unemployed demons- Exports Inat month totalled trated at a mans meeting in £33,010,000, for the previous month. Chicago to-day and crowds of £35,952,000 and for April, 1934, excited spectatora jammed the £30,100,000. Re-exports in April gallery of the state legislature at were $4,203,000, in March £4,472,- Springfield while the proposed re 000 and April, 1934, 25,010,000. lief taxation WOR debated and During the four months of the defeated by the sainority-Recurrent year, imports amounted to
ter.
£237,712,000 as compared with £239,871,000 last year and exports to £138,498,000 as compared with
Narcotic Trade $124,813,000 last year. Re-exports
Investigated
GENEVA BODY ASKS FOR EVIDENCE
Genova, May 15. The Oplum Seizure Committes here has decided to ask the Japaness representative to attend Its next session and give evidence concerning the illicit narcotic traffic being carried on in the Far East,
618,089,000 as £19,928,000 last Wireless.
compared with year. British
OUTSIDER TOPS FIELD
FARMER'S SON LEADS
GOLF PRO'S ·
Southport, May 16.`
Szechuen Reds Controlled
GOVERNMENT TROOPS TIGHTEN
GRIP
Chungking, May 16.
That the Anti-Communist cam- paign in the central part of Szc- chuon has made considerable pro- grean la Indicated by the fact that Jand and water communication from Chengta to Chungking have been restored..
As the Reds now roving around the Kinshakaing River in Northern Yunnan are being held in nul- cracker grips by the Government
A farmer's son, Samuel King, forces, their hope of effecting con- Mr. Hoo, the Chinese delegate, asistent professional at the Knole junction with the other Reds in myanmar sold his country would welcome Park course, equalled the course Szechuen under the command of
Japancas collaboration in the record today, when be returned Hau Shueng-chin is very remote.. matter of suppression of the a card of 72 to lead the field in traffic. But he questioned whether the first round of the competition a state which had left the Lengue
BACK TO WARSAW
With a view of facilitating the
in the province, and also to niford- of Nations, as Japan had done, was proper in the £1.60 Dunlop South- next stage of the anti-Red campaign ing convenience to the civil authorl- Ingally entitled to collaborate in port Golf Tournament. the work of prohibition. Ho Charles Whitcombe had a scoretics in directing rehabilitation of therefore felt, he said, that the of 75. Henry Cotton and Archie devastated districts, the seat of the Japanese representative was not Commaton bath 78 and Alfred Szechuan Provincial Government
before the Committee.--Bexter, turned a card of 82--Reuter. from Chungking,--Central News.
Moscow, May 15, M. Pierre Lavul, French Foreign Minister, who is vialting Soviet aa legal tender la the West Indies famous author, who has just been positions by effecting an increase Government heads here, has return and British Guiana, had not yet hamal the next Governor-General in their capital in one way ored to Warsaw for the funeral of in a position to express an opinion Padaham, last year's winner, re-will soon be removed to Chengta
(Continued on Page 7.)
of Canada-Router.
another Central News.
·Marshal Pilsudekl.–Reuter?