AMERICA'S WARM
WELCOME FOR KING AND QUEEN
Their Majesties the King and Queen, crassed from Canada into American territory at Niagara Falls at 9.40 p.m. an Wednesday and were there greeted by Mr. Cordell Hull, Secretary of Stale, the British Ambassador and other officials,
Twenty minutes later the Royal party continued their train Journey to Washington where the greatest excitement and interest prevails over the much-publicised visit of British Royalty to the premier clty of the New World.
Plans of Mrs. Roosevelt to invite experts on social problema of America to a tea party in the White Hause with the King and Queen indicate that apart from the social aspect of the occasion, the contact with America will bring Their Majesties into close relation with the life and problems of the-country,
ATTACK ON DUCHESS
Niagara Falis, June 7.
As the Royal train slowly crossed the International Bridge at 9.40 p.m. tremendous crowd sing "God Save the King."
After an exchange of greetings, Their Majestica tolked for a few minutes with Mr. and Mira, Hull, officials of the British Embassy and
train at 10
1.. Greeting
the King. Mr. Hull, In the Tennessee drawi which has been
Lawlor Is "Lonely-Like" others before they boarded their
Says His Pal
London, June 8.
notable for many years in American politics, said: "Your Majesty, on bo
"I cannot understand what the tusso is all about," is a remark made by
hair of the Government and the Ledwedge Vincent Lawlor, who was
of the United States I have people arrested in connection with a shot the honour and pleasure to extend to allegedly fired at the Duchess of you the warmest welcome. We are Kent, according in
10 his fellow delighted. My country in a generous spirit of cordiality, hospitality and
lodger, Mike Cannon, who visited him this morning at Brixton Prison friendship has every desire to znake
Cannon told a correspondent,
your stay 11 thoroughly enjoyable went to Brixton Prison with a couple one."
Friday,
HONGKONG TELEGRAPH
OVERNIGHT NEWS PAGE
GO
War Risk
Down
Tokyo, Juna. 8. With peace and order steadily returning to the Yangtao area, Japanese Insurance companies have deckled to lower by about O per cent, the war risk rates on cargoes shipped to Yangtse porta. The new rates, effective Im- mediately, aro 12.5 sen ver 100 yen on cargo aboard ships plying between Kluklang and below, 20 ACO for ports between Tayel (Inclusive) and Kfuklang (exclu- sive) and 30 sen for ports be- tween Hankow (Inclusive) and Taych-Domet,
COLONIAL POLICY
June, 9, 1939.
CHINESE DOLLAR: STABILISATION FUND STRONGER
The strengthening of the Chinese National Currency Stabilisation Fund was Indicated yesterday in an authoritative statement issued to the Press concerning the slump of the Yuan, The statement pointed out that there has been no pressure on the Fund and confidence In the currency remains unshaken,
It was also disclosed that arrangements have been completed so that the Government requirements of foreign exchange for munitions and other supplies will not come on the market.
According to a Shanghai report the exchanges were firm yesterday.
Japanese reports claim that with the tightening of the blockude of the China const nullifying the foreign trade the Stabilisation-Fünd has already been reduced by £1,000,000.
The Times in London ridicules rumours that the Fund has lost the greater part of its sterling resources..
The following authoritative state ment was issued to the S. C. M. Post yesterday:
the action of the Dollar Stabilisation Fund yesterday.
jenst temporarily, Its mission, which in the words of the Chancellor of the Exchequer was to preserve the stability of the Chinese dollar with
anice
to British trade enterprise in mina.
The main criticism appears to be between the allegedly casual manner "As is generally known, during the in which the Control suddenly and past weeks, there has been no pres- without announcement withdrew its sure on the Stabilisation Fund, and support and apparently abandoned, confidente in the national currency at remains
unshaken, The Control, however, temporarily withdrew sup- port on Wednesday to allow the adjusted to a better economie level, and thereby to bring the balance of trade into equilibrium. As will be remembered, a similar step was taken during June 1930, and when the level of 3d was found it was successfully maintained for twelve
Home Government exchange value of the dollar to be view to rendering material assist-
Plan For Improvement
London. June 8, "Great Britain achieved a trium- phant success in her rule of the Do- minions," declared Mr. Malcolm Mac-
Omec estimates.
of letters for Lawlor and asked him. The King sailingly thanked Mr.donald, Secretary of State for the what he wanted to be there with full and then Mrs. Hull said: "It is it Colonies, in the House of Cominons fun for. Lawlor said he had no great honour for me to meet Intention of shooting and it was street you.”
und to-day when introducing the Colonini quite an nçcident. He seemed to The ceremony lasted seven minules think it was quite in order having with the distinguished party spend- a gun as he said he had a licence. ing a few moments chatting before When he was in Australia he always escaping from
the flood-lighted carried a gun.
זיי
would make good the loss.
platform,
on the
months.
"It is confidently believed that the new level has now been found and can be strongly held, Many goods previously imported are now being made at home."
The favourable harvest foreshadowed by all
all reports will also contribute towards reduced imports. Arrangements have been completed so that Government re- quirements of foreign exchange for munitions and other supplies have been taken care of and will not come onto the exchange market. Finally, as the Stabilisation Fund has been strengthened and further efforts to broaden the basis of this Fund have been successful, the ability of the authorities to maintain the exchange will not be questioned.
He added: "We guided their affaits until our government reached thei glorious climax of being able to ex- tinguish itself. The Dominions have each become a notion of their own. their peoples are the undisputed ar biters of their own destinies, and the peoples of India and Burma have advanced a long way along the same constitutional road. Without doubt, the evolution of the British Com monwealth of free nations is one of the happiest and
most beneficent achievements of all tine.
"I questioned Lawlor regarding a Mr. MacKenzie King, the Canadian Communist with whom he used to Premier, jumped off the moving be familiar, but Lawlor replled that train as it arrived at the station and he had nothing to do with Com-burrled back to be on hand when the munists.
King descended. The King's two that "I mentioned people were gentlemen in waiting, Lord Eldon Lallding of an Irish Republican Army and Earl Airlie, also jumped off the connection, but Lawlor said he had tram but were prevented from reach-
In fact he ing the King's side by troops nothing to do with It.
who hardly knew what the IRA. meant,” ignored their explanations.
Cannon confirmed that Lawlor Before leaving, the Queen look n
"Are we going to be equally justi- Falts while working at Waterloo Bridge lost long look at the a tin box containing six £1 notes Canadian side but she decided not to fied in the government of the Colonial from his pocket, after which he wrote visit the Tunnel of the Winds below. Empire?" asked Mr. Macdonald, and to the Bank of England thinking She was chilefly engrossed in the went on to say that in most Colonial Falls as Canndian officials pointed territories the British were still to a "I just took him a letter from the
out other scente points-United greater or lesser degree trustees and Bank of England and also one con- Press.
Kuardians. The British, who had had cerning his pension from the Austra-
Cordial Reception
thrust upon
them so many great res- lan forces," said Cannon. "If you
Washington, Junė 8.
ponsibilities, had no responsibility have seen him as I saw him I think
great than that of governing the Two gigantic locomotives maintain- you will hold the same opinion as ed express speed throughout
Colonial Empire. the me that he is lonely-like."—United night and this morning in order to Press,
bring Their Majesties to Washington by 4 a.m. G.M.T., where President and Mrs. Roosevelt
crowd and a estimated at 000,000 ore awaiting them at 182 station. The Royal visitors will probably arrive in the midst of a sweltering heat wave.
When the King and Queen arrived un American soll,
soll, Mr. Cordell Hull rected them with the following ston to the West Indies. words, "On behalf of the Govern- ment and people of the United States, I have the honour and pleasure in extending you our warmest wel come. All are delighted It is understood that an the result visit. The people
at your country, In of yesterday morning's conference, most genuine spirit of cordiality, the representatives of the Japanese hospitality
and friendliness, have nuthorities concerned agreed to pro- every desire to make your stay a ceed with their "original polley" in thoroughly enjoyable one." dealing with the local situation in According to the New York Herald disregard of the British counter-Tribune, the King and Mr. Hull communication regarding the dis-had a "serious talk" before boarding posal of Chinese criminals allegedly the train for Washington.-Reuter. Arrested in the British Concession,
Another Tientsin Ultimatum
Tientsin, June 8.
The Japanese authorities reported-
ly understand that the British com-
munication on Tuesday was tania-
mount
transfer of the assassins
of my
Police Mobilised
New York, June 8. The biggest mobilisation of police
officers.
con-
was highly desirable that there should be regular contact
between on the spot and members of the men on Colonial Office, and here Mr. Mac- donald mentioned the journey of Lord Hailey and his colleagues, the com- pilation of the African survey and the Bledisloe commission which visited
thodesia and Nyasaland. There was also the visit of the Moyne Commis-
Conscious Of Duty
Mr. Macdonald declared that we
of
Fund Fund
China,
Crities volce the opinion that the would have discharged its duties more satisfactorily by per initting the dollar to seek a lower level gradually, Ironing out violent fluctuations in the course of the de- fictitiously high level and then sud- eline Instead of maintaining д denly allowing a completo collapse leading to total demoralisation of the market.
It understood that Chinese bank- rs and brokers will hold a meeting this afternoon to discuss the situation. --Reuter.
Shanghai Still Mystified
Shanghai, June 8. Stabilisation Fund as much a my
With the future policy of the
stery as ever, the exchange market to-day remained disorganised, busi- ness being transacted only in limited amounts at widely fluctuating rates.
7
LOTUS "DORMEONE” SHOES are very old; and tried favourites.. They have two. special. features-the LOW HEEL and the "DORME- ONE" STRAP.
The heel is only 34" high. This means that the weight of the body is thrown well back and a correct stance is enforced. Almost as good as the ideal the barefoot stance.
The "DORMEONE" strap acts like a veritable extra ligament, bracing the arch of the foot constantly and taking away the strain of the low heel, It is adjustable both for position and tension. It permits a full day's golf without foot fatigue.
$39.50-Loss 10% Cash Discount OTHER QUALITIES from $22.50
MACKINTOSH'S LTD.
MEN'S WEAR
SPECIALISTS
Book the Date SATURDAY, JUNE 17th, 1939
CHILDREN'S CHARITY FAIR
IN AID OF
THE NATIONAL ASSOCIATION FOR THE CARE OF WAR ORPHANS
"It is further emphasised that! De i sterling quoted at the
at 7d. and United States dol."All
despite the present adjustment in the lars 13%, but these levels were not exchange level, the national currency maintained for long and soon declin- will continue to retain the con-ed ndence of the people because its free cd to 6% and 12 respectively, convertibility is at all times assured." peared and the midday quotations whereupon a harder tendency ap-
Exchanges Firm
Shanghai, June 6, The exchanges were firm this morning and an amount of business was done at Intermediate rates be- tween 7d. and 64. for sterling. From the lower level of 64d. the market rose to Gid. on rumours that the Control banks were selling and there was a certain amount of profit-taking.
Towards the close buyers again apocared and sterling eased to 044d.
-Router.
Good Shares in Demand
Shanghal, June 8. Conditions even more heclic than
were 6 and 13.
In the afternoon further easiness was in the rates, which again plung- ed to 6% and 12%, but the closing was somewhat stendler at 64 and 13%.
The erralle behaviour of the dollar was reflected in gold bars which opened at 2,246 and soured to 2,440 by mid-morning, establishing an all time record, after which the trend throughout, closing at 2,380. This reversed and the price fluctuated compares with 2,008 at the opening yesterday-Router,
11/2
At the opening quotations to-day, the Yuan stood at 7d and 10 US. dollars. The Yen was sold at per 100 yuan and bought at
Japanese exchange banks, pending elucidation of full circumstances leading up to the suspension of foreign currency dealings by the Hongkong and Shanghai Banking Corporation, understand that the present steps reflect a step backward taken by the legal tender backed by the sterling fund.
Japanese Comment
Shanghal, June 8. The Hongkong and Shanghai Bank- had got to be more conscious than
-those witnessed-yesterday--were ex-ing Corporation..announced at 10,30 ever "before"of "our""duly to the
perienced on the stock market to- o'clock this morning the selling rates Colonies. We had to
push forward
day. The turnover reached enor- of the Chinese legal tender as 81⁄2d with the work of giving the Colonies
und 12% U.S. dollars. adequate Social services: Govern-mus proportions and Monday's cash
settlement will be the heaviest ever mont's primary object in the Colonies
recorded since the abolition of for- was not the advancement of the sel-
ward business. Isles, but the general advancement in fish Interests of people in the British
It is again difficult to select special of the peoples in the best interests
stocks for mention, but it quite the Colonies themselves.
safe to say that the majority rose loyalty The
from the conspicuous
five to 10 per cent, though peoples of the Colonies was an elo- profi-taking finally resulted in most
gains being reduced by half. quunt testimony to their own par- itcular
in their association It is interesting to note how to- to virtual rejection of the United States history, ordered for with the United Kingdom.
day's purchases of stocks and shares Japanese requests Including the the visit of Their Majesties here "But there is
have no room for com-
become the favourite method of Mr. affects some 13,000
adopted for protection of capital, and our achievements," placency about Mr. Macdonald continued, "We have
that the public shows less Inclination
It is pointed out that the specie be more conscious than ever got to
for purchase of foreign exchange. fund for the Chinese currency
is The impression before of our duty to the Colonies."
strong that $35 for steadily running short with the pro- ane pound sterling or $8 for ong Mr. Macdonald
gress of the Sino-Japanese conflict. Illustra Bald gave some
United States dollar is not the best About U.S.$90,000,000 which the or cheapest form of capital protee- Chinese obtained by selling silver in pursuing its
tion, and that purchases of rubber lot of the
London and New York have already will provide both profit and insurance. shares or leading industrial counters been consumed almost completely.
With the tightening Japanese While a supericial Impression in-blockade of the China coast nullifying cates that some shares may have the foreign trade of the Chungking advanced too rapidly, a careful study regime,
the
recently-established shows that in the case of good rub- Anglo-Chinese Stabilisation fund ber companies (large units with amounting to
Has £10,000,000 cheap costs) the rise in their values already been reduced by £4,000,000. has by no means kept pace with the In the event of the legal tender depreciation of currency and there is continuing to stump, the Hun Hsing much leeway that should be made Commercial Bank will give up Its up.
policy of maintaining par with the with an legal tender and proceed independent position regarding its
the Japanese
U
It
whom
of
the
Cheng Hsi-keng, former Chinese sinbles and detectives, of customs superintendent at Tientsin nearly 11,000 are specials.
Weather permitting, Their Majes- and chief of the Tientsin branch of tles will enter New York aboard the the Federal Reserve Bank.
They point out that the criminals crack destroyer Warrington which is tions of the way in which the Gov- whom the British authorities decid capable of 37 knots.
15 actively ed to extradite, were
Is announced front Niagara Falls Crumeni not directly
policy connected with
the Queen will make a second Coloniat peoples. He mentioned that
mproving broadcast before Anally quests,
Canada.
leaving the governments of Trinidad and As the British authorities have allegedly failed to effect co-operation
Every precaution has been taken Northern Rhodesio had given a good with the Japanese in settling, the for the Royal visit. Minesweepers example of the way in which the local situation, the Japanese author will drag the lower New York Bay take part in this work. These Gov- native Colonial Governments could before Their Majesties cross in a from Fort Hancock, New measures, destroyer
had got their legislatures ernnients Jersey, to Manhattan on Saturday. to accept Ave-year plans for social
To-morrow two large and three and economic development.
tles are understood to be contem- plating “independent Domel.
Isolating Concession
Tokyo, June 3.
with
smutter coastguard cutters will be Mr. Macdonald outlined the mea- gin patrolling the waters near Fort sures taken to improve health condi- In anticipation of possible mea-Hancock and an anti-aircraft battery, tions in the Colonies and, dealing sures to be taken by the Japanese complete following the alleged rupture in the sound locaters, will be in position regard to labour, he referred to the searchlights and with the Government's polley with hegotiations with the British author- there, while hundreds of troops will creation and extension of labour de- ties, Japanese business men charter search the adjacent territory-Reapartments and the regularising in
In the ter. 1ng the piers and godowns British and French Concessions in
some Colonies of trade unions. Tientsin-have-atorted-removal-of
Labour Conditions-- about 50,000 tons of goods.
District
The
He was certain that the extension
The outstanding
movements to- day were in Ewos, Intascos, Trams and
whlio Kalpings,
in rubber Anglo-Jayne, Kroewocks, Swan Shares and Rubber Trusts appreciat- ed sharply.
own notes. Domel.
A Restful Day Planned
Now York, June 8. The harbour facilities used by Hyde Park on Sunday is likely to be would result in the avoidance of visit of Their Majesties to of government activity in this field Japanese interests in the foreign concessions will be transferred to the one of the most restful periods in the many industrial clashes during this Special Administrative
North American tour, owing to the critical time in the development of downstream-from-the-concessions, fact that there will-bo-no-crowds, the Colonies, and would be a great while Japanese concerns including remonies or banquets necessitating help in bringing the Yokohama Specie Bank, the Mit-urled changes of clothing to main- labour conditions.
improved about subishi Trading Company,
tain and the
the rapidly changing social Government were anxious also to Federal Reserve Bank are prepared schedule.
develop the Intellectual Their Majesties will linger in a
capacity of the people in the Colonies to take rambling two-storey frame house part in the work and enjoyment of overlooking a 1,000-acre estate on the mo meange from Tientsin Hudson River. Mrs. Roosevelt plans mode
modern life. They wanted to develop
sound educational system. 21 hot dog picnic in the President's oblect of Government was to train iad. has been abandoned," doctares Kerr: has advised. - Chiang Kal-ahek
to remove their oflees Brllish and French other parts of Tientsin.
from the Concessions to
JA-
HUIL.
Yon Cross Rate
Shanghal, Juno 8. The Yen this morning was bought A result of the very heavy at 92 National cents compared with business done for delivery on Mon- 0414 a week ago. Later, however, day next, and in order to cope with the buyers' rate advanced to 94 as the settlements; the Committee of the National dollar declined ต the Stockt Exeliange, as an excep- farthing in terms tional measure, decided to open the| Reuter.
of sterling market on Monday next for transa- tion of business at 2.30 p.m. Instead
Tokyo Exchange Rise of 9.30 a.m.-Reuter,
Tokyo, June 8. The Stock Exchange was in an Shanghai Comment
excited state to-day and prices rose Shanghal, June 8. as a result of the decline of China "The attempt to stabiling the currency and alsó as the result of a Chinese national currency at Bd. to rumour that Sir Archibald Clark
the Financial News dealing with the to resign in order to terminate' hos- break in the Chinèse dollar.
titles. The decision to allow the exclinngo The Tokyo New Exchange to fall was taken in view of the de- siders Uut the barometer, of stock ofterioration of China's trađa balance has risen 28 points-United Press.
and the recent big capital efflux. This has caused heavy, Inroads into Stablilention Fund, although there to
· £6,000,000 -* reserver of the
no truth in the suggestions that theso resources are bearly exhausted,--
Mau Business Critical
The
nys that the force of elreums-Dream Cottage" on top of Duchess the people to stand a little more se- tances" apparently means the panese authorlles will cut off the British Concession from the outside Mrs. Roosevelt, and 80 others will
Their Majestics, President and they were encouraging native self- curely on their own feet. In Africa, world. The message adds that the entire Japanese colony in Ticntain is attend services at St. James Epis-indirect rule.
government under the principles soildly upholding the decision of the by the Rev. Frank R. Wilson, after what we desire to teach, men gra- copal Church, Hyde Park, conducted
In conclusion, Mr. Macdonald sold: Japanese authorities-Domel.
which they will return to the estate dually is the wise exercise and en- Further Ultimatum
The Briush Ambassador, Str Shanghai, Jane B...
Ronald Lindsay, recently told the
joyment of freedom. That freedom It is authoritatively learned that Press that Their Majestica have eaten which we prize so highly ourselves the Japanese have presented a fur- hot dogs before, "under other site we seek to spread among His Reuter. ther' ultimatum to the authorities in Į cumstances
and not under that of the Empire they live. So long as Majesty's-subjects in whatever part
our administration is conducted in
the British Concession in Tientsin name. United Press and threaten to erect a barrier as
tha
Shanghal, June 8.
TOLEDO GETS.
·MADONNA ART
con-
Toleda, 0.
Thongéd relief, "San Donato Madonna," which was kept for more
The Fun Of The Fair"
From 2 p.m. till 7 p.m.
AT
SIR ROBERT HO TUNG'S RESIDENCE
>
254 Peak
NUMEROUS SIDE-SHOWS
RAFFLES, ETC. Special Attraction
CHILDREN'S DRESS PARADE
~Come and enjoy yourselves
THIS BIG BEAMING PICTURE IS A STORY FOR US ALL
...when Shirley in her innocence identifies the gruff old gentleman upstairs as our national "Uncle Sam...and rushes to save him from the troubles alie's heard he's inl
Shirley TEMPLE
in
JUST AROUND THE CORNER
with
CHARLES FARRELL JOAN DAVIS. AMANDA DUFF BERT LAHR BILL ROBINSON@
FRANKUN PÄNGIGAN COEA WITHERSPOON @ BENNIE CARTLETT CLAUDE DILUNGWATER Directed by Irving Cummings. Associate trudar David Lucas Pier by Dhaf 196, A ↑ Hetray and A 20th Century-Pak Pictvis Denyl P. Zanuck Cher
than 400 years in the Della Robbia TO-MORROW well as take other steps to com- in the assassination of Cheng Shi-that spirit our work will be funned Considerable indignation- ̈lex- { family after its completion by Luca pletely isolate the Concession unless lang, are handed over within two and will prosport throughout the pressed by a number of foreign hank Delln, Robbin, has been acquired by The four Chinted allegedly involved | dayi-Reutër më
Colonial Empira 2 (Cheers) Heller, crai traders and brokers concerning the Toledo Museum of Art...it
bother
KING'S