Exclusive Feature No. 9
ENGINE FEATURES
13. Chevrolet's valve operating mo- chanism operates with greater quiet- ness and the durability of these parts is materially increased. The shape of the cams on the camshaft has been These changed and Improved.
changes increase engine power at lower speeds, and improve engine smoothness at idle speeds.
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FAR EAST MOTORS
Sales & Service Phono 59101
Mengkong Telegraph"
for The South China Rítming Pool, Lich,
1 & 3, Wyndham Street, Hunghong,
The
Dollar T.T.—18, 2.25/82 T.T. on New York:-30/a Lighting Up Time:-6)18 p. High Water:-3.50. Low Water:-12.25.
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WHITEAWAY'S
SPECIAL ANNOUNCEMENT ON PAGE
Hongkong Telegraph. 3
/CHEVROLET
FOUNDED 1881
No. 16012
六拜禮 號六月九英港香
SEPTEMBER · 26, SATURDAY,
1936.
日一十月八
STABILISATION PACT
#INGLE Cory 10 CENTS
$10.00 PER ANNUM
Whiteaway, Laidlaw
& Co. Ltd.
EFFECTED
THREE POWERS IN CHENGTU INVESTIGATION ULTIMATUM
COLLABORATION France, Britain and U.S.
Reach Understanding
PARIS TAKING STEPS TO DEVALUE
ΤΟ
r
FRANC TO 100 TO THE POUND
Paris, Sept. 25.··
M. Henri Auriol, the French Finance Minister, w announce to-night that he is convoking Parliament Monday to approve devaluation of the frane, as part of a general scheme for the realignment of world currencies.--United Press.
•
HITCH IN AGREEMENT?
Paris, Sept. 26.
There is apparently a hitch in the financial agreement between Britain, France and America, and the Finance Minister was telephon- ing to Washington at l'a.m. to-day-Reuter.
Paris, Sept. 25.
Details of an international monetary agreement reached between France, Great Britain and the United States, will be published this evening.
The text will be made known at 11 p.m., British Standard Time. Meanwhile, it looks as if the pound, dollar and franc would be stabilised within certain limits.
Well informed quarters declare it to be practically certain that the franc will be fixed at 100 to the pound sterling.
Parliamentary approval of the new level of the frane is expected to be given before noon on Tuesday and it is understood the Government will intro- duce measures to compensate French nationals who have suffered heavy losses. Monday's silling of Parliament, now a certainty, will be devoted ex- Parliament will clusively to Arance.
adjourn until October 27 as soon ay the Government's programine is sp- proved. The fonte is expected to he heated, but even the Communists are gradually veering to favour de- valuation.-Bcuter.
Official Decrees
Parls, Sept. 28. An official decree closes the French Stock Exchange unill further notice and another provides a moratorium at the request óf debtors on all com. mercial payments lu gold or forelga
HONGKONG DOLLAR
NOT AFFECTED
A British bank authority, question-
ed to-day, said it was difficult forecast Ur result of the monetary charges until the ratios were known-- which would probably not be until this evening.
The local dollar, being a managed
currencies, falling due after Senten-currency, would not be affected at
ber.
It is learned that sixteen bilis will, though it would have been in
be submitted to Parliament goven- lug the new Chanoist arrangement. --Reuter.
Parliament Must Act
based on silver. The changes woultlj alfect the U.S., and possibly that dollar would fall slightly, he said.
An American banker said it was
BRITISH TREASURY POLICY
TO
To investigate the recent mob attack on four Japanese result- ing in the death of two Japane: nationals, a party of Japanese officiuris left Shanghai recently for Chengtu by air. Pholo shows the party at the aerodrome. Lutt to right: Major-General Selichi Kita, who saw the party off; Lieu enant-Colonel Watari; Me. Fuka- muchi, publisher of the Shanghof_Malnicht"and Mr. Miura, who is returning to Honkow,
LITTLE ENTENTE ALARMED
BY EDEN'S ADDRESS TO ASSEMBLY
REFORM OF TREATIES
Berlin, Sept. 26. Approval with reserve marks the first comminentá on the speech of Bir. Anthony Eden, British Foreign Secretary, to the League of Nations Assembly, in which be warned Europe of two alter- natives, conflict or the main- tenance of security and peace
Tilden States Perry Turning Professional
Honolulu, Sept. 25, Willam Tilden, the American professional tennis master, in- dicated to-day that he lad trarned that Fred Perry. Eng-- land's nee amateur, and possibly the greatest living player, would by turning professional within ten days,
If Perry takes this step, which It has been rumoured a hundred times that he was contemplating. It would make possible a meeting of the Englishıman and Tilden in what would certainly be the tennis match of the century'.-—
United Press.
through the League of Nations MUNITIONS
Covenant.
The Geriner Tageblatt says that Mr. Eden's pleas for co-operation. with different kinds of Governments. constitutes a service to Europe, but his words, otherwise excellent, Jest much of their value by not excep Moscow, which "sought to down other Governments,"
The Berliner Lokalanzeiger. re- grets that Mr. Eden sthi urges an im- provement of the machinery of the League and the conclusion of regional,
PROMOTE WORLD pacts-Reuter.
PROSPERITY
THREE-POWER
AGREEMENT
London, Sept. 25.
GENEVA'S MISGIVINGS
EXPORTS EXPOSED
POLICE RAIDS IN BELGIAN CITIES
ARRESTS ORDERED
Brussels, Sept. 25.
Searches in Belgium for illicit armis continue to yield startling results,
of a
EXPIRES
Bilbao
Bombardment Expected at Once
ALCAZAR STILL DEFIES GOVERNMENT FORCES
Burgos, Sept. 25.
In the north-west sector, General Mola's ultimatum to Bilbao to surrender uncon- ditionally or expect bombardment, expired to-day, and up to the present no notice has been given by the Government that the ultimatum is being considered.
It is expected an insurgent bombardment will begin immediately.-Reuter Bulletin Service.
BOMBING ATTACKS
With the Rebels en Route to Torrijos, Sept. 25.
Intense aerial bombardments have been in progress all morning against the Leftists' front line, which constitutes the outer defences of Madrid. The Government forces are holding the banks of the Guadarrama River and withstanding the attacks, of rebel bombing planes and pursuit craft.
Meanwhile, the possibility of another dynamiting of the Alcazar of Toledo is being discussed, due to the Leftists' belief that it would be suicidal to assault the present Rightist posi tions there, which are from 15 to 20 feet above the highest Leftist lines.United Press.
SHANGHAI TENSION RELAXES
JAPANESE APPEAR
CONCILIATORY
Bombers Beaten Off
Toledo, Sept. 25.
- Rebel-tri-motor-bombing- planes heavily bombed the vicinity. of Toledo, but apparently did minor damage. Loyalist pursuit ships dis- persed the attackers-United Press. Fires Warning Shot
Gibraltar, Sept. 25.
A British Naval trawler, anchored off Europa Point Lighthouse, Gred a warning shot when the Spanish Government destroyer, Almirante Ferrandiz, attempted to escape from
Cornere Point by sheltering within Gibraltor's three-mile limit.”
NEGOTIATIONS insurgent gunfire from a battery on
FORESEEN
Geneva, Sept. 26.1 Mr. Anthony Eden's speech ut Geneva is warmly welcomed by the press, but is remark that Article XIX (which deals with the possible
Shanghai, Sept. 25. necessity of revising treaties) shows
Twenty thousand. hand grenades It is hoped that the Shanghai that the present state of things can-are reported to have been discovered crisis will be settled without further A statement concerning the not be expected to last for attain a factory in the suburbs of Brus-complications in the explosive Far
|representativen of the Little Entente, impossible to forecast, though he monetary agreement between" / "rotised misgivings, especially among sels and a stack of sub-machine gims Eastern and international situation.
vas found the premises
The hope is based on reports that agreed that the local dollar would not Britain, France and United soine members of which think his
business mati in Antwerp, where n the attitude of the Japanese be affected. Parls, Sept. 23.
declaration will encourage the re- States
issued
the by
thoce here is rald was.
much was. nilso made on the premises authorities M. Louis Malvy, Rudlent Socialist
The Government was trying to
funsmith, to which a number conciliatory than in 1932.
indicates leader, said to-day that Parliament!
Authentic information of machine guns from Liege had been would likely be convoked on Mon- keep the relation between the pound Treasury to-night, and discloses visionist aspirations of Hungary.--
that the British Government,
addressed.
that Japon will present a number of day or Tuesday to vote the necessary and the HK. doiler constant.
The U.S. dollar had declined sight-Infter consultation with the
A search in a factory at Tongres, new demands, after which protracted gold
ly this morning but this was not an French and American Govern-
hand Sino-Japanese negotiations are old protection laws.
Llego, revealed that indication that it would remain de-
grenades were being manufactured garded us likely.
The order given to Iments, will join them in affirre-'
marines pressed, he said.
there at the rate of five hundred a
move-United Press.
It is noteworthy that the Cabinet empowered to decree any med sures to prevent the outflow of gold except changing the value of the
scarce.-United Press.
Was
Reuter.
near
rc-
to
HUNGARY ENTHUSIASTIC
Budapest, Sept. 26. The speech of Mr. Anthony Eden ing the common desire to foster to the League Assembly was given
evening newspapers yesterday. fifty thousand. Documents found in franc, for which Parliament must the dumping of shares, with buvare conditions which will safegua} } Prominence on the front pages of the day, in fulfilment of an order for stand by is merely a precautionary
peace, best, contribute to the It was acclaimed as a milestone in a portfolio belonging to a Spanish enact legislation,
captain are sold to have led to this Meanwhile, the Cabinet has been
Later. restoration of order. in interna-international politics.
raid. The Magyar Orszag declares Mr. In session to discuss the monetary The trend on the Bourse was soon tional and economic relations, Eden hus, laid down very clearly the The police in Brussels searched the
premises of a firm which received Ambassador in Tokyo called on the situation. It is reported it contem-reversed, buyers turning to outright and pursue a policy tending to vital necessity of giving encet 16 plates taxing gold exports and has purchases instead of marginal deal-
contract to supply foreign tentatively fixed 33 per cent, as the ings and all prices stared, closing promote the prosperity of the Article XIX of the League Covenant.
country (ostensibly Mexico) with Japanese Minister for Foreign Affairs yesterday he enquired regarding the figures of the levy,
higher, including the Bank of Paris, world.
at situation arising out of the episode at Shanghal, in which a Japanese Bluejacket was murdered.
It is understood the Cabinet is also it 850, up 100, Suez Canal, 20,875, The Brilsh Government, in s considering demanding a prior de-
ip 135, Royal Dutch Shell, 3,235, up policy towards, international nonet- claration of intention to export gold. 35. Frencle investors bought heavily ary relations, must take into full ne to be given the Ministry of Finance, in international securities.-United count the requirements and internal which shall be authorised to refuse Press, ̃an export permit.
Blum Stays In Paris
Accord Achieved·
Washington, Sept. 25.
The Cabinet later intends to confer It is believed that progress towards
of the Brosperity of the countries Empire, as corresponding considera- tions will be taken into account by the Governments of France: and the United States, the statement, says,
The Government reaffirms its pur-
with the President, M. Albert Lebruna Franco-American monetary accord pose to continue a policy pursued in
crisis,
Iteuter,
Kho Sin-kie Eliminated
"ANDRE MERLIN
П
twenty thousand bombs.
The examining magistrate
has ordered the arrest of six Bruges has persons, including two local Socialist Councillors, in connection with the Ecizure of allegedly illicit arms in a vessel at Oslend.-Reuter Special.
LORD MAYOR
· HONOURED
BARONETCY FOR SIR PERCY VINCENT
BRITISH ENQUIRY'
London, Sept. 25.
It is understood that when British
The warning was immediately obeyed and the destroyer steamed off in the direction of Mulagn.—Reuter Bulletin Service.
BRITISH TROOPS ENGAGED
STIFF FIGHT WITH ARAB RAIDERS
STRUGGLE IN
THE NIGHT......
Jerusalem, Sept. 25. Another fierce engagement between In the course of a gentral talk, Sir British troops and armed Arabs de-
Clive Was assured
ly as the Japanese
that curred last night on the Jerusalem- Govern-
Hebra road, near the cump of the sent regarded the Shanghai lucident, Northumberland Fusiliers, which and
which
was one
of a series, the only been established a fow hours Japanese Government had no inten-previously.
on of taking hasty action.
British compliles pre
Two more troopships, enrrying tur- her relaforcements, arrived at italfa to-day-Runter Bulletin Service,
While it is clear the incident ins As the conflict took place in the who will sign any decrees decided with Great Britain an interested recent years, the one constant ob- GREAT FIGHT WITH
considerably increased anxietlen over dark,. Arab casualties are not yet upon.
what is recognised in British circles known No The
Prime Minister, M. Leon third party has been achieved in feel of which was to maintain the conferences between M. Jean Appert, greatest possible equilibrium in the
to be already a delicate situation, announced. Blum, has cancelled his scheduled French financial attache here, and system of internalainal exchanger
reports slate, discussions are continu- departure for Geneva to-night in Mr. Archibald Lochhead, director of and to avoid to the utmost extent
ing between the Japanese 'Am- Paris, Sept. 25. order to remain in Paris during the the US. Stabilisation Fund, Mr. G. the creation of any disturbance of
bassador in Nanking and the Chinese monetary
Government. These discussions were C.
The International Tennis Cham- Hans, chief of the Treasury's re- that system by British
netlan. Meanwhile the Bourse session to search staff, Mr. Herman Oliphant,
Intilated for the purpose of motile- day was the most exciting in months. Tronsury attorney, Mr. Herbert Fels, with the French and United States age, Andre Merila, defeat the Chinese The British Government shares pionships semi-finals saw the French.
London, Sept. 25.
ment of outstanding questiona be- conferred HM, the 'King hos
PEAK BURGLARY. Prices advanced carly on French na- State Department financial expert Governments the
conviction That stor, Kho Sin-tie in the most exciting baronetcy on Sir Percy Vincent, tween the two Governments, Includ
ing the anti-Japanese fooling In tlonola hedging against inflation. and Mr. Wayne Taylor, Assistant continuation of this two-fold policy contest of the tourney.
The Lord Mayor of London.
homu
Itoward of Mr. However, a special Doue committee Secretary of the Treasury.
Kulghthoods have been conferred China, manifested in a succession of ruled that
Inorginal peculative
It is understood the proposed ne-will serve the general purpose which
The Frenchman won in four sets,
Laurie incidents of recent months, and it is O'Donovan, 400 The Teuk, of the all governments should pursue,
on two Sheriffs, Aldermen
these. American Consulate General, wan oped a succesful inue to and: bavlng lost the first was forced of some operations could not be carried over cord is the fore-runner
and Waldron. 'the month's end, thus tending to curb readjustment of the franc. However,
FRENCH STANDROINTto Aght through fourleen games in
These honours mark the retire-inks will not be prejudiced by the entered some time this morning amt of Jowelory and cash to the value it speculation. Later, rumours that details are guarded, although it is The French Government has in both second and third sets,
The scores were: 1-8, 8-0, 0-6, 6-4.mont of the recipients from ofeet of an unfortunato series
events-British Wireless. the Government planned to take reported that France is seeking the formed the British Govsenment that,
over 1000 was removed. Reuter Special, action to prevent speculation caused
-Reuter (Continued on. Page 10.)
Continued on Page 18.)
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