ROOSEVELT. DEFENDS HIS WORKS
CHINESE. ÍMPORTS
(Continued from Page 1.)
DWINDLE
(Continued from Pape 1.)
TRADE WITH P.I.
with
Washington, Sept. 5. The United States export trade to the Philippines during the first seven months of this year is valued at $29,672,000, compared $27,971,000 fast year.
Exports to the Netherlands $6.373,000* compared indies were with 85,050,000.
THE HONGKONG TELEGRAPH. FRIDAY,
ITALIANS LEAVE
́LEAGUE 'SESSION
(Continued from page 1.)
opent. There is some hope that private talks this evening may lead to some new arrangements.- Retter.
REQUEST DECLINED
Bill that aims at revenge rather dustrial, commercial and banking mitteo under Article XV remains Ulian revenue....rovenge on busi-systems-United Press. ness; that the Administration has alde-stepped broadening the tnx bate to the extent necessary for the approximate needs of the im mudiate altuation; that here can be no rent recovery until fears in business have been allay through granting a breathing spelt to industry and a regess from far ther experimentation until the country can recover its lienes,
"I know you have repentedly stated your position sections of the Nation's problem, but as a editor I know also the neecarity of repetition and reit ration. There is need to unde the damage done by misinterpreters to the New Deal. I know you feel exactly us I do what with all the faults and abuses it has developed, oar sys Les but in the past, enabled us to achieve a greater was progress than that attained by any other Heelin eyelet on earh.
Imports from the Philippines were $61,600,000 compared with $76,118,000 and from the Dutch Indies $29,537,000 compared with $24.664,000.-United Press.
EXCHANGE
RATES
Sept. 1.
Paris..
16.5/04
Lietuva.
.16.2)
.12.92
.5IN
4:0.11/16
16 4253/16
Ather "Smoke out the sinister forces Milan. yoshing to delude, the public into Shangbra.
living that the orderly moder-1 New York.
nition of aytems we want is
Amsterdam.
Vienna.
Levolution.
Bague..
Cordially and Sincerely
Bucharest
Roy W. Hward."
Madrid.
Lisbon.
ROOSEVELT REPLIES
Reliaph
Hongkong.
Belgrade Montreal.
President Ronsovell wrote in Monte Videa.
reply:
"My Dear Mr. Howard:
"I appreciate the tone and pur-Yekobara
Helsingfors.
pose of your letter, Fairness im- tio
.119.11 16
027
11074 2/0.1/2 8.471
217
2267
.15
pels me to note with sympathy Buenos Aires. and understanding the facts you Silver (Spot). record based upon your obser- Silver (forward).29.1/16 vations as a reporter of opinion | War Loan. 105N Throughout the United States.
ean well realize, moreover, that
1
Sept. 5
76.1/04 13.1919
Geneva, Sept. 5. The circumstances of Italy's dramatic withdrawal from the Council meeting are reported ne follows: Baron Alcisi withdrew Soon after Professor Jeze began to speak and Signor Rocen took his place. Later, when Signor Rocca also withdrew, ho sent private message to the Chairman of the Cornell, Dr. Gulnazu, nsking him to call Professor Jeze to order.
SEPTEMBER
1935.
PREPARING TO RESIST INVASION
(Continued front page 1. people, and only a handful had uniforms.-United Press,
TO THE COLOURS
Rome, Sept. 6. The bread-winners and only sons section of the 1912 class will bo called to the colours at the end- of this month.
This is because the calling up did not produce the additional of the 1911, 1913 and 1914 classon
200,000 men which Signor Musso- lini announced he would require when
speaking at
a Reuter.
Dr. Gulnazu replied that he saw no reason to do so.
Anyhow, he said, M. Litvinoff was about to speak and he there- 12. fore hoped that Signer Rocca
017 would return. በቤተ
Signor Rocca said he r.ust 1/6.15/16
44 consult his chief, and asked would
the Chairman interrupt the meat aking for a brief interval. Again 119,9/16 | Dr. Gulnazu replied that he could
25 not accede to the Italian request., 416 Thereupon, Signor Rocca brought 1701
bļa message from Baron Alois! that the latter would examine the text 29.44 Son of Professor Jeze's speech before
17coming to any decision.
F
1.56% 12.3-16!
22:2
British Wireless.
ITALIAN COMPLAINT
Italian quarters complain of the fact that Professor Jeze, 2016 being a French lawyer, made ro- 22 marks particularly offensive and 105 annoying. They would not have been so disturbed if the speaker had been an Abyssinian, although they thought the Ethiopian diplo- mat, Teckle Hawariate would have been much more moderate. But Professor Jeze Impacted a warmth into his attacks which was quite unstomachable.
over
many relative details and prof government where they can be cesses incidental to a long and best carried. It affects only in arduous session of Congress might dividuals with incomes of
$60,000 yearly promoting some confusion in pen-estates of descendants having over ple's minds.
$40,000. Moreover, it recognise
have had an unavoidable effert,
und Individual
"I think I can safely disregard generally that corporations enjoying Although they intended leaving the sceptics of whom you speak. advantages in size over the smaller Septies were present when Noali ' possess a relatively greater capacity said it was ruing to rain. They to pay. refused to enter the ark. You can
|
!
the Ethiopian representative to present his whole speeen, it was possible that Italy would object to Professor Jeze .continuing £8.4 stated. Reuter, chief Abyssinian delegate, It was!
Bolzano,-
BLACK TROOPS
Cairo, Sept. 5.
A report from an Arab source, NOW current here, states that Signor Mussolint aims to enlist 10,000 black troops, from Tripoli, in addition to the 10,000 already in Italian Somallland-Reuter Spe- cial.
REQUEST REFUSED
Addis Ababa, Sept. b. The Government is reported to have refused to allow a company of Italian native troops to guard the Italian Legation, and to have ordered foreigners to assemble at certain fixed places. The Emperor has promised police protection to the various missions.
a
The exodus of Europeans from the capital continues, while thousand troops have entrained for the frontier.--Reuter,
SWISS ADVISERS
Addis Ababa, Sept. 5. The Ethiopian Government has 'engaged a Swiss Military Misalon, which, it is understood, will con- sist of ten officers, chiefly artillery experts.
Four French officers have ar- rived at the capital, but the nature of their mission is unknown.— Reuter Special,
AGED TWINS
FIGHT
BOUND OVER FOR
ONE YEAR Twins aged 64 years, named Wong Tong and Wong Tak rea- pectively, appeared before Mr. W. Schofield, at the Central Magis- racy this morning, charged with fighting in Firat Street, Eastern, Strert, yesterday.
car
also disregard those acfunted by is going to destroy competent cor- "No reasonable person thinks this a spirit of political partisanship porations or impair business as a or willingness to gain dr retain whole. Ninety-five per cent, of the
NO RETREAT Permal prolt at the expense of corporations have been reduced by and fo the detrimad of their the new law. The small excess pr.
Rome, Supt. 5, neighbours. Then
there were its tax provided, as well is the
It is stated in Italian politient those who told us to do nothing, inter-corporate dividend tax, gives circles that Signor Horea's action We had heard of J do-nothing the wholesome effect of encouraging does not constitute abandonment policy before from The same the simplification of over-com- of the Lengue. Nevertheless, as. sources and in many cases from plicated inter-corporate relation tite Government has decided that the same individuals. We heard|ships.
it cannot participate with it when Theodore Roosevelt and Congress has declined to brondon Abyssinia In the League, the Wilson proposed reforms. The th tax base, because it was re- Italian delegates will again leave
Inspector Hourihan said they country has learned how to
meteognised that the base and already the session when the Abyssini hay a dispute about money, and aure that kind of opposition. been broadened to a considerable representative speaks.
the scrond defendant was sup- extent during the past five years.
posed to have struck the first de- COMPARISON WITH ENGLAND
fendants. The first defendant "But there are critics who are
retaliated by striking him with A honest and non-partisan who are ments advanced in favour of making "I am aware of the round argu-
however, piece of wood, inilleting a small willing to discuss and learn.
Eng whether Baron Aloisi himself will injury. every citizen pay fiferinė tax. belleve
have therefore,
Mr. Schofield bound, over both land has been cited as an example, attend any meeting at which the positive duty to clorify our pur; But, despite the complaints of Abyssinians are present.
defendants in personal..bonds.of hoses, to describe cur methods and higher inxes, our interest payment
ench The action of itay's delegates $50
keep to
the peace reiterate our ideas. Such clarifi-ion public debts, including those of does not indicate any rupture of
for one year. ention could be greatly aided by local governments, require only Italo-Abyssinian diplomatic rela the efforts of the public-spirited three per cent, of the national in- tions but is a logical sequence of EXTRADITION SOUGHT newspapers which serve the public come, compared with seven per cent, the Italian decision not to parti in England. The broadening of the ipate on an equal footing at tax base in the past few. Geneva with a country which Italy years has been very real. As a considers has consistently violated BULLION BROKER ARRAIGNED reant. the tax falls relatively its League undertakings,——Itenter, heavierypon the poor than the rich, In 1929, consumers' taxes were
POSITIVE DUTY
we
I
a true portrayed of facts and an unbiased printing of news.
"However, experience is the best teacher, and results are the best evidence.
"As an essential outline of what has been done rises into view I am only thirty per cent. of the na confident that doubts and misap-tional revenue; to-day they are prehensions will vanish.
As long as the Abyssinians are passive spectators the Italians will remain at the session.
is
uncertain,
SUMMARY OF ACTIVITY
ON ROMBERY CHARGE
Ils extradition sought by the Kwangtung authorities, Chan Siu- London, Sept. 5. um fifty per cent, and even with the to-night, first in private and then Kau, aged 40, described as a bul The League Council met again | fun alias Tsui Siu-ting alias Tsu! further confident that business as pasage of the recent Tax Bill they in public. Press messages from broker, residing at No. 7 Po a whole will agree with you and will increase only five per cent. with me that the interests of what
Geneva indeate the private sitting Tak Street, second floor, appeared power pledged to a very consider setting up a small committee of
WAR
at the concerned with plang for before Mr. W. Schofield
Magistracy Central wholly in able legislative programme, and the Council to examine further afternoon.
yesterday. found that the conditions of the the Italo-Ethiopian dispute and "note what you say of hostility country required drastic action posibilities of conciliatory settle is that on May 5 last, with others, The charge against defendant from Anuncial racketeers, pubille | It seemed to Congress and to me exploiters and sinister forces, that we should attain the main sonnel previsionally suggested in of $1,055 in money at the Koha ment. It is understood the per- he robbed one Lin Chen-leung Such criticism is an honour to wear, Jöbjectives
we broadly term business are not in conflict with. bul harmony with, mass interesla.
Jovor
RECOVERY AND REFORM.
of
"The large depression was the culmination of unsuccessful, how
innocent, arrangement agriculture, business and fijance. Our legislation was remedial and na such it would serve no purpose to make a doctrinary effort to dis- tinguish between that addressed to recovery and that addressed to re-
form.
Д
"The Administration came into
A8
expeditiously 115 possible, in order that business and the pubile generally might know exactly the conditions and rules of economic enterprise in- volved in our programme.
cf
cludes Mr. Eden, Great Britain, village, Slu Lam,, Chung Shau dis- Monsieur Laval, France, Senor de trict, within the jurisdiction of daringa, Spain, Colonel Beck, the Provincial Government Poland, and Mons. Arus, Turkey, Kwanglung. and that the number will probably Chlef Detective-Inspector Shan- non applied for a formal remand public session, the for one week, and defendant was spokesman of Ethiopia replied to accordingly remanded in custody very decidedly. Barun Aloisi's speech at yester- until 2.30 p.m. on September 12.
"The basis programme has now reached substantial completion, and the breathing spell of which you speak here,
be #mited to five.
At the
་'%
THE DUKE'S RING
It is a source of great satisfaction day's meeting of the Council, that at this moment conditions are When he made an appeal to the such as to offer further subatan League to defend the independence "Our actions were in conformity tip and widespread recovery. Un- and existence with the basic economic purposes chployment is still with us, but is Signor Rocco, who was acting in of his country, set forth three yearA ngo. I steadily diminishing.
place of Baron Aloisi as Italian pointed out it was necessary to seek NO MAGICIAN'S WAND
SOLITAIRE SAPPHIRE FOR member, rose and left the Cunell Wise balance in American "I do not claim a magician's chamber. Italian delegation ex-
LADY ALICE SCOTT economic life, to restore the bank-wand and do not claim that the plained afterwards that this pro- ing system and public confidence, to Government alone is responsible ceeding had no significance In
London, Sept. 5. protect the investors' shaky mar for the definitely better circum regard to Italian Longue member-turned to London from Catterick The Duke of Gloucester, who re- ket, to allow labour freely organise stances, but all know the great ship but and to grant protection from ex-effect of the saving of banks, farms recognise Abyssinia's right to be ring for Lady Alice. Scott, aelect- that Italy did not to-day, bought the engagement ploitation, to safeguard and deve- and homes, the building of public member of the League and hering a fine solitaire sapphire from lop national resources, to set up works, the providng relief for the delegate refused to listen protection against the vicissit vies destitute and many other direct Abyssinian representative,
to the Kashmir mines, which will be of health, old age unemploy-governmental acts; and 1 do claim
mounted in a platinum ring with a ment, to relléve destitution, to have helped to restore public said Italy was attempting to disting on either side,
The Ethiopian representative bouquet of diamonds as the not- to relieve investors and consumers confidence which now from the burden of unnecessary substantial
offers a honour a country she desired to
The Duke will return to. Scot- .corporation machinery.
covery...
suppress. Her accusations wordland to-night, apending the wack- "I like the last sentence of your not worthy of a detailed answer. end at the home of his fiancee's
"1. do not believe that any res
ponsible political party will dare to
ro before the public in opposition
to any of these major objectives.
·
foundation
for
rc-
letter and repeat it with all its Abyssinia was prepared for an Special Service..
He refuted the charge the parenta at Selkirk.-Router's
faults and abuses, it had developed. attack. Vo solemnly pledge our-
Our system has enabled to selves to respect all our laterna achieve a greater mass of progress tional obligations. We are ready A JUST PURPOSE
tban has ever been attained by any "The tax programme of which other system, on earth, Smoke out to accept help from disinterested you speak is based upon broad, just the sinister forces seeking to delude countries in the modernisation of soolal economic-purpose.--Such pur the public into belleving that the our country.". posa is not to destroy wealth, but orderly modernisation of the sys to create a broader range of tem we want is a revolution in dis- an appeal to the Council to accept opportunity to restore in circula-gulae."" tion large, unwholesome, sterilo acconfulations-to lay the burdens
Very Sincerely Youre, FRANKLIN D. ROOSEVELT.
Professor Jeze concluded with
its responsibilities under Articles 10 and 16 of the Covenant. British Wireless...
TYPHOON RECURVES
The typhoon has recurved, ac- cording to a report by the Manila Observatory, issued at 8.45 am.. to-day, which gives its position as 180 Long, 26 Lat., moving north- wards
Sir MALCOLM
CAMPBELL BLUE BIRD RECORD
M.P.H.
301
WITH
CASTROL
THE QUALITY
[
OIL
Robertson Wilson & Co., Ltd.
Sole. Agents For Hong Kong & South China
SHARE PRICES
The following is the that of tocal share quotations issued this morning.
Banks.
HI.K. Banks, $1,050 kn. 11. K. Bunks. (Lon
£10434 n. Chartered Bank, £13% n. Mercantile Bank, A. and B.
£20% n.
Mercantile Bank C., £12 East Asia Bank, $76% n.
Insurances.
Reg.).
RAW RUBBER
LATEST SINGAPORE
PRICES
Messrs. Benjamin und Potts receiv ed the following Straits currency neotations (buyers) from Singapore to-day for raw rubber; Spal
18% cts. :>IT 1 ci,
10% C off 19% t Dit
Oct/Dec
Jan/Mar
n.
Apr/June 100% cts.
Market:Quiet.
Canton Ins., $180 BL Union Ins. $3771⁄2 sa. China Underwriters, 10 cts. n. China Fire, $382 n. H.K. Fire Ins., $185 n. Internat'l Asace., Sh. $4 n.
Shipping.
Douglas, $36 1. H.K. Steamboats, $4 n. Indo-Chinas, (Préf.), $30 n. Indo-Chinas (Def.), $12 n. Shell (Bearer), 71/3 n. Union Waterboats, $111⁄4 n.
Mining.
Antamoks, 80 cts. n. Balatoes, $18 n. Baguio Gold, 243á cls, n. Benguet Consolidated, $12.10 n. Benguet Exp., 13 cts. n. Benguet Goldfield, 10 cts. n. Big Wedge, 8 cts. n. Gold Creek, 30 cts. n. Gold River, 7 cta. n. Ipo, Bilning, 90 cts. n. Itogons, 36 cts, n. Saineet, 12 cts, n. Kallan, 11/6 n...
Langkats (Single), $14 a.
S'hat Explorations, Sh. $4%1⁄2 n. S'hai Loans, Sh. $53⁄41⁄2 n. Raubs, 7 n. Venz: Goldfeld $2.80 n.
Docks etc.
H.K. Wharves (old), $78 n. H.K. Wharves (new), $74% n. H.K, Docks, $9% n. Providents (old), 65 cts, n. Providents (now), 20 eta, n. Hongkowa (old), Sh. $240. New Engineeringe, Sh. $4 n. Shanghai Docks, Sh. $78 ni.
Cotton Mills.
Ewo Cottons, Sh. $5.70 b, S'hal Cottons (old), Sh, $65 n. S'hai Cottons (new), Sh. $40 n. Zoong Slaga, 88% n.
Wing On Textiles, Sh. $25 n.
Lands, Hoteli, etc.
H. and S. Hotels, $8.40 8. H.K. Lands $261⁄2 n.
debentures, H.K. Land 4%
$100 n.
S'hal Lands, Sh. $2011⁄2 n.
Metropolitan Lands, Sh, $10 n. Humphreys, $714 n. H.K. Realtics, $4 n. Chinese Estates, $88 n. China Realties, Sh, $4_n. China Debentures 8h, $123 .
Public Utilities.
H.K. Tramways, $1171⁄2 sa. Peak Trams, (old), $6 n. Peak Trams, (new), $5 m Star Ferries, $781⁄2 n.
U.S. COMMODITY PRICES
LATEST CABLED
QUOTATIONS
The following quotations on the New York commodity exchange are issued by Router:
Yaumati Ferries, (old), $17.60 January (1036)
n.
China Lights, $8.05 n.
ct
rt
New York Cotton
Sept. 4.
·Sept. 5,
October December
10.38
10.82/34
10.41
10.30/87
10.44
10.40/40
March
10.00
10:48/40
May
10.55
10.51/51
| July
10.58
10.58/6H
Spot
10.70
10.65
New York Rabber
n.
September
11.68b
11.52b/t7
11.80
11.77/77
January March
H. K. Electric, $56 s. Macao Electric, 320 n. Sandakan Lights, $3 8. Telephone (old), $20 Telephone (new), $8.20 n. China Buses. Sh. $11% n. Singapore Tractions, 10/6 n. Singapore Pref. 22/6 b.
Industrials Malabon Sugare, $8.50 n. Cald: Macg. (old), Sh. $191⁄2 n Cald: Macg. (Pref.), Sh. $13 Canton Ices, $1.80 n. Cement (Converted), $3 n. H.K. Ropes, $2.16 m.
Storen, &c. Dairy Farm, $16.75 sa. Watson, $3.05 n. Lane Crawfords, $3 n. Mackintoshe, $7 0. Sinceres, $5 0. Wm. Powells, 70 cts. n. Wing On (H.K.), $55 n.
Miscellaneous. Amusements, -
II.K. Entertainments, $4 n. S. C. Enterprise $1.35 n. Macao. "Greyhounds," $2 n. Constructions (old), $1.10 m. Constructions (new), 25 cta, n. Vibro Piling, $4 n.
Ch. Govt. 6% 1925 G. & Bonda
90% n.
H. K. Govt. 4% Loan 64%
prem, b.
H.K. Govt. 3% Loan 2%
prem.
Wallace Harpors, $4 n.
December
11.02 11.85/85
12.00a
11.99/12.00
12.23a 12.13/13
Total salon,--G2 lots
Chicago Wheat September '.......... 88% 894 80% December
May
00% 024 024 02
0034 93%
26,673,000 bushels
Wednesday's rolen: --
September
Chicago Corn
734 74% 71 December.... 50% 50% 50% May.... 58 681 GB
Wednesday's sales:-
October December Bay
4,580,000 bushels
Winnipeg Wheat
82% 81 8444 82% 84% 84%
87% 8714
New York Sk
September.... December.... March
.....
1.77 1.77% 1.78 1.69 .1.65 1.66 1.08 1.00 1.86
Total sales:-94 lots
September December
January
March
Montreal Silver
06.70 -65.40/90 05.00 36.00/00
(8.25 60.10 60.05. 06.30/68
Total sales:-2 contrnets.
SWAN, CULBERTSON & FRITZ
7
Investment bankers and brokers in securities and commodities Daily New York and London Stock Exchange Service. Commodity Futures on the principal American' markets
Members of:
New York Cotton Exchange. Chicago Board of Trade.
Commodity Exchange, Inc.
(Silvor, Rubber, Silk, Copper, Hides and Tin).. Now York Coffee and Sugar Exchange.. Canadian Commodity Exchange `Iúc. Winnipeg Grain Exchange.
Manfia Stock Exchange.
Correspondents for Hayden, Stone & Co.
Telephone: 30244, 80245, 80246. Cable Address: Swanstock,
9, Queen's Road Central (Corner of Ice House Stree