OWING TO THE HIGH RATE OF THE DOLLAR, THE PRICE OF
CHIP BATH
HEATERS
RECEIVED IN THE LATEST SHIP- MENTS HAS BEEN REVISED TO
$20
INVESTIGATE THIS MARVEL AT- C. E. WARREN & CO., LTD.
CHINA BUILDING.
Hongkong graph
Morning Poss, Lab,
High Water:-19.58.
Low Water:-13.38.
The
FIRST EDITION
Supreme Court
Hongkong Telegraph.
No. 14390
FOUNDED 1881
三拜雞
號九廿月五英港香 WEDNESDAY, -MAY 29, 1935.
SALE OF
日七廿月四
BINGLE COPY 10 CENTI
$29.00 PER ANNUM
DUNLOP Fort
TYRE
feature of distinction and a factor of safety
RECOVERY PLANS BLOCKED
U.S. LABOUR THREAT
TO STRIKE
ROOSEVELT STRIVING TO SAVE GODES
Washington, May 28.
Immediately following the Supreme Court's de- cision, invalidating the N.K.A. industrial Code system, reports of price-cutting have commenced to arrive in Washington from all parts of the country. This will inevitably mean that employers, in the face of severe competition, will be forced to reduce wages, it is feared, bringing the great labour organisations of the country to grips with them and possibly precipitating a very serious strike.
The Administration leaders are seriously consider- ing a plan to establish a voluntary code structure, limited to wages, hours of labour and the abolition of child labour.
Mr. Harper Sibrey, President of the Chamber of Commerce, has appealed to business-men to uphold the wage and working-hour agreement of the old Codes. President Roosevelt conferred | until late yesterday afternoon with Senator Harrison and Senator Doughton, chairmen, respectively, of the Finance and. Ways and Menns i Committees which handled the N.R.A. legislation. He was making
-an
offort to salvage from the wreckage, the fundamental prio- ciples of the NRA. **
A re-study of all the big Ad-↓ ministration measures, including the Agriculture Adjustment Act, the amendments to the Utilities Holding Company Bill, the Social Security Bill, and other related pleces of legislation, will be im- mediately undertaken to determino the constitutionality of these measures in the light of the Supreme Court decision ngaṭast the Codes.
MARKING TIME.
The Democratic leaders have decided to mark time for the present,
Meanwhile, President Roosevelt and his advisers are seriously taking stock of the situation. It is generally agreed that there is no prospect of Immediate action by political leaders to undo the damage done.
For one thing, it is pointed out | that since the President's powers! to make codes are held to be un-j constitutional, only Congress can fulfil the function. It would be an impossible task for Congress to enact legislation providing codes | for each industry.
SUSPENDED OPERATIONS
The National Labour Board and the Industrial Relations Board have virtually suspended opera tions, pending the determination of their future policy.
SITE MOZELTENSİVESMOTANTUTIN FIRST STRIKE THREAT
Coal Miners! Wago
Parley Fails Washington, May 28, Wage contract negotia tions between the Appa- Jachian Highlands bitu- minous coal operators and the United Mine Workers' Union have collapsed, owing to the confusion in the legis- lative situation break-down in the coal code price structure.
Mr. D. G. M. Barnard, formerly head of Jardine, Matheson and Co., in Hongkong, who, speaking at the annual meeting of the China Association in London yes. torday, congratulated the Chinese Government on its steady pro- grese.
Expanding Britain's
Air Fleets
FOR PEACE AND FOR WAR
SET
The
HIGHEST STANDARD
Wak
MACAO
DENIED
BERLIN RUMOURS
CONTRADICTED
PORTUGAL INDIGNANT
Berlin, May 28.
Articles in the German press, suggesting that Portugal might sell Macao to some other power, which the newynpapers scrupulously avoided mentioning, have evoked Jun indignant denial.
The Portuguese Legution here has issued a statement contradict- ing the suggestion flatly, and in vers certain terms.
Mr. Donald Richberg, President Roosevelt's first executive in the The Legation asserts that N.R.A.. Administration, is fighting to Portugal does not barter hornre the code system upeot by the territory.
Moreover, the exemplary and favourable state of Portugal's finances excludes any such néces- sily-Reuter,
Supreme Court's ruling.
Free State's
Building Boom Governor To
Be Removed?
Continues
NEW RECORDS SET
IN BRITAIN
London, May 28. Record activity in house build- ing is revealed in a Walke Paper issued to-night,
DE VALERA CHALLENGE TO OPPOSITION
EMOLUMENT SLASHED
At the date of the Armistice the number of bouses in England and Wales was just below 8,000,000. Since the date and to March 31 last 2,855,902 hew houses were provided, 807.468 by local thorities and 1,848,434 by private Merms Onlinaner, 1894.
Copyright. Telegraphie enterprise.
Dublin, May 28.
au-
toy
(Special to "Telegraph"}
Telegraph,
2. .30 .m
FRANCE BOOSTS BANK RATE
EFFORT TO PREVENT LOSS OF GOLD
EMERGENCY MEASURE TO SAVE CODES
Paris, May 28. The French bank rate has again been raised by two per cent. The bank rate is now six per cent.
It has been learned here to-day that over half a milliard francs worth of gold has been sent by aeroplane to London during the past twenty-four hours.
Also several liners bound for New York, including the Normandie, are said to be carrying considerable shipments of gold.-United Press.
CHINA'S PROGRESS NOTED
MR. D. G. M. BERNARD GIVES ADVICE
ANTI-PIRACY REMEDY
EMERGENCY MEASURE
(Special to "Telegraph") (By Talerijā, Copyright. Talegraphio Meneages Ordinance, 1885. Received, May £ $ 0.14.
The Senate and Chamber of Deputies delegate full power to the Government to take, untit December 31, 1935, all measures having force of law necessary to realise the restoration of public the Plenary Powers Bill, publish- finances and currencies, declares
ed this afternoon,
to
Those decrees to be taken by the Council of Ministers will be submitted for ratification Parliament before July 31.
Tho preamble of tho Bill stresses the grave situation caused by international specula- tion, resulting in the withdrawal the status of the British Legation gold from the Bank of France. of over 3,000,000,000 francs in in China to that of an Embassy, for the week ending May 24.
London, May 28.
Satisfaction at the raising of Received, May
London, May 28, Summarising the Government's nir proposals, the Under Secre. tary for Air, Sir Philip Sassoon, in a speech in London to-day, said they would create in 1935 and
The total figure does not include 1936 a total of 71 new Squadrons,14,601 houses provided to re-house
The Free State Government instead of 22 contemplated under persons displaced unded re- the old expansion programme.legislation prior to 1930.
construction Achemes under intends to abolish the office of
Governor-General
the during situation new
not The number of houses provided present Anancial year, Mr. de
| by private enterprise without state
assistance in the half year ending Valera told the Dail to-day. He' March 31 last wins 149,095. This added that the Government would constitutes a new record, being half year, the figure for which in the abolition of the office, 12,120 more than in the previous challenge the Opposition to assist
was then Itself a record.
Mr. de Valern's statement was total for the year ending March 31 was 286,050, being 38 per cent. made during á debate on a motion greater than the corresponding by the Opposition to reduce the total in the previous year and more than double the number in
vote of £1,330 for the upkeep of any earlier year for which records the Governor-General's establish- in Western Europe would beare available. In this year
un- ment, ranteed 'against aggression by assisted private enterprise alone provided more houses than local other members of the Pact was authorities and private enterprise Governor-General's
The Opposition leader said the of salary the only hope of avalding a race together had built in any such £2.000 was ample for the duties, in air 'armaments, with its In-preceding year.British Wireless. evitable conclusion, a disastrous
which nowadays could be perform- ed by a junior clerk.
without its bright side, he added. If Germany were sincere, und there was and the
no reason to believe otherwise, there was once more somie real hope for a Western Air Pact, plans for which Britain put forward last February.
Union officials state they are planning a nation-wide strike in the industry on June 17-Reuter,
PUSHING BONUS MEASURE
CASH PAYMENT OR BOND ISSUE?
VETERANS OBJECT
Washington, May 28.
An Air Pact whereby the security of each of the air powers
War.
Collective security, however, which was the only security on which in these days any nation could safely rely, ruled out com-
petitive armaments,
It must be fully understood that tho measures how being
The
ANGLO-GERMAN PARLEY
NAVAL MEETING ON TUESDAY
Mr. de Valera said the Governor. General's emolument had been diminished by five-sixths since 1911, and he thought they might be able to arrange in the coming year that they would not have this particular Estimate at all.
The present Governor-General is sentatives will take place in Lon-Mr. Donald Buckley.--Renter don on Tuesday, June 4.
London, May 28. taken were in no sense amergency The first meeting between the measures, Sir Philip went on. It German and British naval repre- did not represent the limits of the efforts that could be made it the occasion required. Nor did it involve any falling off in the high standards of material and personnel which at present char scterised the Royal Air Force,
The purpose of these informal. Special. conversations, as of the earlier con- versations with representatives of other Powers, is to exchange In- formation and views as a preli "minary t ahy moro formal
Japan
To Buy
Senate and House of Represen-) tatives' leaders conferred to-day, The Secretary for Agriculture. Mr. Honry Wallace, has decided that It will be necessary to re-write the whole of the Agriculture Adjust- Supporters of the Patman Bonus ment Administration amendn/ents Bill, vetoed by President Roosevelt in order to make them conform but still supported by a small with the Supreme Court's decision, majority in the Senate and an over-
whelming majority in the House of the demands of military aviation later with a view to the conclusion LABOUR STRATEGY
Representatives, have decided to interfera with the progress in of an international agreement for The powerful Federation of proceed with a drive for a cash development of the civil side of the limitation of naval armament. Labour chiefs mot to-day to map payment of the bonus, if necessary flying. Imperial Airways almed-British Wireless. out their plan of campaign. They without Inflationary provisions in at operating a two-day service to the required legislation.-Reuter. India four or five times weekly, a two-and-a-half-day service to East Africa thrice weekly, a four-day service to Singapore thrice week- twice weekly, and a acven-day ly, a four-day service to the Cape porvice to Australia twice week- y. The great advance represent- It is expected that Presidented by that schedule was justifled already by growing commercial
The Air Ministry would not let negotiations that may take place China Cotton
hinted darkly at strikes.
President Roosevelt, meanwhile, remains muto. But it is stated at the White House that when the President has comploted hls survey of the altuation, he will speak out, probably later this
COMPROMISE
Washington, May 28. Senator Key Pittman of Nevada as re-introduced the Harrison com- promise to the Patman Bonus Bill. As conferences proceeded throughout the day, it became Roosevelt will approve it.
week.
no
DOLLAR AGAIN
DROPS
BUT MARKET FIRMS AFTER OPENING
The Hongkong dollar showed a He had decline of a halfpenny on oponing
Was aimed at would sooner or 28. 44d. later 'bo attained, he British Wireless.
clear that the New Deal offelals Instead of immediate cash pay-Use of air transport alike for pas- were refusing to allow themselves ments, it enables veterans of the Bongers, goods and mails, to become panicky. Officialdom is Great War to surrender certificates doubt that the ideal which this morning, the official rate being obviously determined to find a new for three per cent. negotiable bonds, way for the objectives embodied in convertible into cash at current the defunct N.R.A...
values.
rt-
The Impression at the White House was that President Ioose- ¡velt was determined to
establish some legal way for the principles of collective bargain- ing, minimum wages, maximum (Continued on Page 7).
ECONOMIC PACT DESIRED
Tokyo, May 20.
It is revealed in the local indus- trial circles that on his arrival in China to assume his new post as Ambassador, Mr. Arlyoshi Is ex- pected to almost immediately settlo down to serious business in es- tablishing Sino-Japanese economic co-operation in its practical sense.
He will offer to China a plant The bustness market opened at whereby Japan will absorb a largo 28. 4% d. solders, and small business quantity of cotton, from Shantung. was reported at that rate, Later, Honan and Kiangal. The Japan- however, the market steadied up, eso cotton industry has been satis- HOPE THE BEST POSSESSION. sellers and 28, 4.d. buyora.
and the rate was about 25, 4-3/16d. fled that the method of cotton plan- tation in China is Improved and NONE ARE The P. and O. liner Ranpurs is due BUT THOSE WHO ARE WITHOUT HOPE, quarter down yesterday.
COMPLETELY WRETCHED In London, silver prices were a the Japanese cotton industrialists here from Shanghal at 7 pm on
China are ready to send technical experts Friday.
AND FEW ARE REDUCED SO LOW AB sold, while India and speculators to help China in improving the THAT—Hazlitt.
bought on a steady market.
quality of cotton-Central News,
:
The veterans find the measure "unacceptable."—United Press.
Bajch
D. G. M.
as a recognition of the importance of the mutual interests of China and Great Britain, was voiced by the chairman, Mr, Bernard; former head of Jardine, Matheson & Co., Hongkong, at the annual meeting of the China Association, to-night.
Thursday without voting on the The Chamber adjourned until Bill-Renter Special. "
LONDON MARKET
London, May 28, The Stock Exchange to-day WE unsettled owing to the Putting stress upon the vastness French financial difficulties, of the British interests in China, accentuated by the United States" and the British Empire's pre- Supreme Court'a ruling that the dominant share of China's export Industrial Codes were-invalid, trade, he said that it would need The foreign exchanges market the utmost care and attention to was quieter. French francs were conserve these resources.
decidedly steadier until late in Ile paid a tribute to the Chinese the afternoon when there were Government in view of the im-signs
renewed weakness.- provement of conditions it had Reuter, achieved during the past year,
General Chiang Kai-shek's pro- gress in combatting Communism he declared to have been inspiring. "He has with him very able men in the Government, working whole- heartedly for the good of the country. We congratulate them upon the success hitherto achieved and extend sympathy to them in their unparalleled currency situn- tion, in addition to their other problems due to economic crisis,"
the
world's
of
BANDIT'S HEAD FORFEIT
JAPANESE TROOPS'
VENGEANCE
Tongshan, May 29.
a report that the Japanese troops, A sensation has been created, by
who recently moved into the demi- litarised zone in Luantung to PIRACY REMEDY
suppress a group of armed bandits under the command of Sun Yung- Referring to the Tungchow chin, took back with them the head piracy and the lack of the success of Sun when they withdrew into of measures taken up to now to Jehol. prevent such outrages, Mr. Sun Yung-chin's irregulars, it Bernard said: "So long as piracy will be recalled, were recently can be made a profitable venture, chased beyond the Great Wall by with very little risk attached, it the Japanese troops and will continue to be a constant rounded up by Japanese troops and onace to shipping. The only real Chinese special police in Chunhus remedy is that the Chiness District. The regulars were entire authorities should take auch action ly annihilated except for a handful against pirate bases, which are who fled into the mountainous well known to them, as would dia districts. Central News, courage the inhabitants from participating in future raida on coastal shipping."
Mr. Bernard spiritedly defended the imports of China eggo into Britain against the recent attacks į made upon them in Parliament.
were
FOREIGN IMPORTS PAY PIPER
TO BENEFIT
Shanghai, May, 29.
He emphasised the far-reaching im- CHINA NATIVE TRÅDE portance of this egg trade, and quoted the Government analyst's endorsation of the wholesomeness of this product.
It is learned on high authority . Lord Winterton
Was elected that the Chinese. Government has president of the body for the resolved to issuo a decree giving: coming term and high tributes effect to the abolition of the inter- were paid to the retiring president, port duty on native goods, as from Licut-Col. Sir George Macdonogh, June 1. ---Reuter,
In the meanwhile, import cus- toms rates on certain kinda of foreign goods will recoup revenue Josses incurred by the abolition of the inter-port duty.
FEARS FOR. SILVER
Montreal, May 20. Certain quartera belleve that Silver prices were downward the increase in Import customs here to-day through fears that rates will likely be ten per cont. the United States silver purchas-in average, in which connection; ing polley would be endangered however, with the remainder of the New Legislative Yuan will have to be. approval from the -Deal measures,
sought-Central Newca