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The
FIRST EDITION REDUCED PRICES
Hongkong Telegrafi.
FOUNDED 1841
No. 14894
二拜禮 號四月六英港香
TUESDAY,
JUNE
4, 1935.
日四初月五
SINGLE COPY 10 CENTS
$16.00 PER ANNUM
U.S. MAY BARTER FOR SILVER
CHANGE OF POLICY ADVOCATED
HELP FOR AGRICULTURE
END IN VIEW
(SPECIAL TO “TELEGRAPH”)
Washington, June 3.
Representative Martin Dies, Democrat of Texas, it was learned to-day, is planning to confer with Pre- sident Roosevelt and the Secretary of the Treasury, Mr. Henry Morgenthau, as soon as possible. The object of the conference will be to make an effort to obtain the immediate suspension of the United States silver purchasing policy and to substitute it with a plan of outright barter.
A snapshot taken at the saluting bars at yesterday's King's Birthday Parade in Hongkong. Hin Excellency the Officer Administering the Government (Sir Thomas Southorn, K.B.E., C.MG.) is seen covering with Commodora Sedgwick just prior to the March Past. (Photo: Mes Cheung).
Mr. Dies has pointed out that at present the silver export situation.
policy is of little apparent benefit to the agricultural Fighting On
He has contended that if the United States pur- a barter basis, the American chased silver solely on farmers would dispose of from two to three million bales of cotton during the next seven or eight months. Under his new plau, ho said, cotton would be bartered at twelve centa a pound but the price of Bliver could be raised considerably above the present level, possibly to $1.20.
"The present Mr. Dies said: plan is not helping American agriculture, which would be the sole purpose of my Bill if it be came the law of the United States.
"Our exports
arc
NAVAL.
PARLEY OPENS
dropping GERMAN DELEGATES steadily, but if we purchase silver
IN LONDON solely on a barter basis we should not only benefit the world allver situation but also bolster export situation.
our
"I do not know how President Roosevelt or Mr. Morgenthau will react to my plan, but I am going to make every effort to obtain an op- portunity for a trial."
NO BENEFITS
NO AIR PACT DISCUSSION.
Abyssinian Frontiers
MANY SLAIN IN TWO BORDER RAIDS
COMPLICATED SITUATION
Rome, June 3.
Just when the Italo-Abyssinian
KING LEADS Royal Empire
PARADE
WILDLY CHEERED BY CROWDS IN MALL
London, June 3.
Dark clouds overhung the Horse Guards Parade to-day before the Trooping of the Colours, but a few minutes after His Majesty the King had taken his position, the sun poured out upon the brilliant!
scene.
WHITE CANVAS SHOES
BALLY'S These modern stylish smart footwear. in many styles
REDUCED
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FRENCH APPROVE STABILISATION
SHOW CONFIDENCE IN BOUISSON
NEW ECONOMIC PARLEY MAY BE CALLED
Paris, June 3. The financial world is showing confidence in the Bouisson Government, which faces Parliament to- morrow afternoon."
The demand for Government issues at the last. opening of the Bourse so heavily exceeded supplies that a quarter of an hour elapsed before prices could be quoted. Then 4 and 3 per cent. Rentes rose over three points from the prices of May 31.
Thanks to the restoration of confidence, a large public loan is expected in the near future.
General currency stabilisation is the corner-stone of the policies of the Finance Minister, M. Caillaux.
Society Builds He is credited with the intention of shortly proposing
For Expansion
PRINCE OUTLINES ITS
GREAT MISSION
NEW HOME TO COST £250,000
(By
Unequalled anywhere else in quarrel, arising out of months the world, this ceremony of the old clashes on the Italian Somali- Trooping of the Colours, which land frontier, seemed near
to never varles, was carried out to- .m settlement, Ethiopian tribesmen day with a precise perfection. It havo fought again with Italian lasted over an hour. outposts. thus strlously com- which plicating the situation in the League of Nations has tried to effect a settlement..
London, June, 3.
Thirty Italian subjects were. The Anglo-German naval conver-
Dankali region, sations opened this afternoon, when killed in the
Eritrea, on May 31, according to Herr Joachim
Ribbentrop, von
an official communique received Representative John A. Martin, Special Commisioner for Disarma- Democrat of Colorado, to-day said ment Questions appointed by Chan-here to-day, when an Hallan and that he did not believe that addi- cellor Hitler to act for the German native police outpost was attacked tional purchases of silver would Government, saw the Prime Minis-by Abyssinians. prove to be of any domestic producers.
MILITARY MEASURES
of
His Majesty took the salute.
But the greatest thrill of the day was to come when His Majesty Ird the nick of the British Army along the Mall, amidst the thua- derous cheers of a mighty con- course of people-Reuter.
Employment Improves
The military commander of the NOTICEABLE IN ALL
MAIN INDUSTRIES
benefit to ter, Mr. Ramsay. MacDonald, the
The raiders from the Abyssinian Foreign Minister, Sir John Simon, xide of the border carried He pointed out that the United and the First Lord of the Admir- some thousands of head of cattle. States silver mines, particularlyalty. Sir Bolton Eyres-Monsell. those in Colorado, produce com- However, on this occasion the Ger- plex ores due to the existing low man diplomat is not to talk of dis- armament, but of the proposed in- price of lead and copper.
Producers of these ores, he said, crease of the German Navy. are unable to realise sufficient money on the baser metnis to Justify the operations, despite the fact that the ores contain allver.
Also he said that he did not believe that the present silver policy had bonefitted the agricul- tural export situation materially.
The conversations will be opened formally by Sir John Simon at the Foreign Office to-morrow morning.
sector has taken the necessary measures to ensure the safety of Italian subjects.
(Special to "Telegraph") Telegraph. Copyright. Telegraphis Manga Ordinanes, J. Received, May
London, June 3.
H.R.II.
of Wales the Prince to-day laid the foundation-stone of the new building of the Royal Empire Society in Northumber land Avenue, which cost £250,000.
The Prince of Wales, in the
the resumption of the London Economic Conference which adjourned in 1932.
ATLANTIC RECORD SMASHED
NORMANDIE LOWERS BREMEN'S TIME
WELCOMED TO NEW YORK
29.68 knots.
record of 109 hours and 68 minutoà for the crossing from Gibraltar.
"The recovery of international trade is in the forefront of my preoccupations," M. Caillaux told i newspaper conference #incident. ally, it will singularly facilitate matters if the great currencies, other than francs, can shortly make stabilisation their common object."
The Finance Minister has already initiated certain reforms, including the decision to appoint two commia- slons, one of which will consider reorganisation of the Stock Ex- change and the other elaborate means for making expenditure cor- respond to revenue.
DRAIN ON GOLD
Gold Clause Annulment
The recent drain on gold held by France has now ceased and an early reduction of the bank rate, which New York, June & in now six per cent., is expected,"
An official statement issued by, The giant French ner. Nor the Ministry of Finance confirms The Prince read a message from mandie established a new record that M. Caillaux favours interna His Majesty the King, expressing for a trans-Atlantic crossing on her tional stabilisation on a basis of the hope that the auspicious maiden voyage. She passed Am-the present parity of the franc, but... occasion would mark the opening brose light-ship, at the entrance to Buggests that he is too preoccupied. to deal with stabilisation confer- of a new era of increasing pros- New York harbour, at 10 o'clock ence at present, as he is absorbed perity.
this morning (Eastern time), with balancing the Budget and Messages were also read from covering the 3,192 miles from maintaining the present rate of the the Prime Minister, Mr. Ramsay Southampton in 106 hours and 33 franc.
The statement adds that M. MacDonald, the Dominions Pre-minutes, her average speed being Calliaux does not consider that he miers and General Smuts.
should take the initiative in calling The previous best time establish- a conference to discuss stabilisation. course of a speech, stressed the ed was that of the German liner-Reuter. importance of the new building Bremen, 110 hours and 27 minutes. as a home for Overseas visitors. The Italian liner Rex established a enabling Englishmen to return the abounding hospitality shown to Britons overseas. He also re- (Spécial to "Talagraph”)
ferred to the value of the quar- The Normandie's speed on Sun- the (By Telegraph, Copyright. Telegraphic ter of a million volumes of the day and Monday averaged
1181. Riceived, Jun Society's library, which would be splendid figure of 31.55 knots..
first for the properly housed London, June 3.1
The Normandie docked at 3.26 time.
If it were truc, A8 many p.m. amid pandemonium created by Latest Agures to be issued show least that there has been a further im- thought, that the Empire was only a crowd of over 100,000 along the which brought all inprovement in employment since the at the beginning of Its real mis-waterfront,
middle of April. This is particu- sion to the world, said the Prince, traffic to a standstill. Iarly noticeable in the principal then the part to be played by the Two firefloats, playing jets of MANY CASUALTIES
industries, especially in buildings, Society in the future would be water like fountains, accompanied public works, engineering, cotton, important. All would welcome the Normandie to dock, while nero- viow to "halting the downward Replies of the German Govern-
Rome, June 3. trend of American exports and ment to inquiries made by the Bri- On the eve of a meeting of the hosiery and the engineering dis- the contribution which the Society planes equipped with gigantic am-
tributive trades, the constant threat tish Ambassador in: Berlin for Italo-Abyssinian Conciliation Com-
would make to that understanding plifiers cruised overhead and sent romoving
There has also been a large in- of the people which was nowhere out the strains of the "Marseil precise information hanging over the cotton market." more
Mr. Dios would let the Treasury several matters dealt with in Herr incident has
mittee, at Milan, another frontier
occurred in the crease in temporary employment so well exemplified na within the Inise."
of the Empire... suspend for a year all sliver pur-Hitler's recent speech, have now
region of the Ucbisceholli River, among Yorkshire and Midlands Loundaries
Reuter Special. chuses in world markets, and been received in London, and are
some distance from Unlual, where rainers. instead buy sliver at a certain receiving the close attention of the
The unemployed on May 20 num. fixed premium the world British Government. The German the first frontier clash, which was price only from nations which Government memorandum on the the cause of the present crisis, bered, 2,044,752, being an increase
occurred.
of 202 compared with April 15, but agreed to purchase some of the bearing of the recont Franco-
The casualties were
rather a decrease of 45,629 when com- Burplus agricultural products of Soviet agreemont on Locarno heavy,
Included und
Italian pared with the same date last the United States.
Trenties is also being examined by Somaliland inhabitants and Abya year.--Router Special. Silver circles appear insuf- appropriate Government depart-sinians, both killed and wounded. ficiently
in the idea monts.-British Wireless, even to comment.-Reuler..
-United Press.
NO COMMENT
Washington, June 3.
Mr. Dios intends to propose to Mr. Morgenthau a drastic change
in the Savor Purchase Aet with ai
over
interested
A further serious Incident is It is expected that the conversareported on the same day from a tions will be completed by the end remote section of the Somaliland- Abyssinia frontier country, when of the week.
Only naval topics are likely to be twenty armed Abyssinians at
Italian outpost discussed. There is no intention tacked an on either side of raising any other | Gublic. issue, and certainly not the pro- posals for a Western European air pact.Reuter.
REPLIES EXAMINED
London, June 3.
on
NEW YORK PRICES
Now Yor. June 3.
AMERICAN MISSION
Shanghai, June 4.
that tho members of the American Economic Mission
Mesara, Handy and Harmon A message from Hangchow
quoted silver here to-day at 78% | states
conta por ounce,
On the foreign exchange market arrived there last ovaning by
It is understood that at ten Abyssinians were killed this second clash-Renter.
Reuter.
THE RHODESIAN RIOTS
near
the dollar cased against the major motor, while Mr. Cameron Forbes, EIGHT MORE NATIVES head of the mission, will leave
-currencies.
lower,
On the New York Cotton Ex-hero for Hangchow this afternoon. change prices closed seven to Central News, fourteen points
The -market was extremely weak in
distant delivarios,
Meesopes Ordinaner. 4. 3.15 0.M.)
1
STILL QUIET IN TIENTSIN
NO FURTHER CAUSE FOR ALARM
OTHER FIGURES
London, June 3. The Mintstry of Labour cati- mates that on May 20 there were
Tientsin, June '4. approximately 10,884,000 Insured
While no fresh development is persons, aged 16 to 64, in employ- ment in Britain. This was 14,000 evident in connection with the Japanese demarche In more than at April 15, 1935, and recont 14,000 more than on May 14, 1934. North China, the removal of the the Hope Provincial At the same date, the number seat of
CANAL COMPANY NOT AFFECTED
CHAIRMAN'S STATEMENT
Paris, June 3, The Suez Canal_Company con alders Itself unaffected by the the Egyptian Madame Leburn, wife of the decrée issued by President of France, was the first Government on May 2, annulling to leave the ship. She drove to her the gold clause in International contracts, declared the Marquis hotel escorted by motorcycle police de Vogue, presiding at the annual sounding their syrens.
meeting of the company to-day.
Ha pointed out that transit dues crin ba collected in any currency the company may choose and the company would not hesitate to collect in a currency other than gold francs if it thinks it.
The passengers who made the trip across were most enthusiastic over the Normandle's perfarmance. -Reuter.
NEW BARONET
MRS. LINDSELL'S BROTHER
Further, there was no gold clause in tho contract for payment of dividends to shareholders, and dobonture holders: They were payable on an International franc basis, at a twentieth part of u gold louis.
The company, moreover, Holda of unemployed, persons on the re- Government to Paotingru is pro- SUCCUMB
It is of Interest to note that that the decree of May 2 has no glators in Britain totalled 2,044,752 ceeding.
General Yu Hsuch-chung, Dr. William Mollison, who re-retroactive effect on past pay- comprising 1,630,572 men, 65,120 Broken Hill, June 8,
boys, 293,082 women, and 55,898 Governor of Hopel Province, left celvad a Baronetcy in the King's ments.
for Paotingtu last evening to Birthday Honours List, is the only The Marquis added that the Eight more natives have suc- girls.
of brother of Mrs. R. E. Linadell, company would like to aid ship despite a late government cotton pool intended cumbed to injuries caused during low 16,626 lous than the various Government departments wife of Mr. Justice Lindsell, owners by a routine th regard
The total was 292 more than on direct the accommodating recovery based on the Department to aid the market.
the riots in Northern Rhodesia,
but until the position with Pulsne Judge of Hongkong. of Agriculture official statement On the silk market prices were bringing the death-rell to four year before. The number of boys in the new buildings.
A third train carrying records
to the Egyptian. Government's de- on the question of the legality of one and a half to two points lower, toon
and girla. on the registers In-
Dr. Mollinson, who is one of cree was cleared up, the company the AA A¡ which is not expected The steadiness of outside markets, The copper belt has been quiet creased by 10,800 during the and archives and a batch of the to prevent the government loan at however, served to offset the weak- over the wook-end, but the troops period under review, due to re- Government statt left here for Britain's foremost medical men, could not see its way clear to the
Guy's Hospital. the 1985 crop. Further there was noss of Japanese cables-United have not yet been withdrawn gistration of juveniles who left Paotingfu last evening-Central is aurist and laryngologist at surrendering of any source of
school at Easter British Wireless. Now, the Johnson, statement that the Press.
Router Special.
revenue. ·Reular,