1931-07-24 — Page 12

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大英七月十四號 禮拜五 中華民國辛未年六月初十日

THE PHARMACY

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HONG KONG, FRIDAY, JULY 24, 1931.

STABILITARY SECURED.

(Continued from Page 1)

is restored THORBURN MYSTERY

confidence once it will be found that Germany will be able to recover her equili brium on the basis of her own re- Bources on which assistance will be readily available, But in any event we have provided machinery neces ments I wish to give expression.sary to meet that situation how- to my hope that the initial con- ever it may develop".-British versation which has just been Wireless Service. held in Paris will be but a prelude to the series of similar meetings. which will lead to a policy of Franco-German co-operation the surest guarantee of security for the world,"

The German Chancellor, Dr. Bruening, wished to associate himself with M. Laval in hoping American delegates would take back with them from the confer- ence, a recognition of close inter- relation of old and new worlds and of Europe's need for the moral support of the Idealism of the American people.

Earlier News.

Rugby, Yesterday.

The seven-Power conference con-

That the Central Bank credit of.G.$100,000,000 recently grant ed to the Relchsbank under the auspices of the Bank for Inter. national. Settlements be renewed at maturity for a period of three months.

"That concerted measures should be taken by the financial institu- tions in different countries with a vlow to maintaining the volume of credits.they have already ex- tended to Germany.

CASE.

(Continued from Page 1.)

Nanking investigators finding the prisoner.

Continue to Walt!

K

The question now is: "What has become of him? In the circum- stances it is not surprising that Britons and also other foreigners cluded in London shortly after mid-resident in China, saking them- day to-day. A communique was selves what the Chinese authorities issued as follows:,

have to hide, are raising their. Mr. Stimson, American State

"The recent

voices in protest that a Govern- excessive with- Secretary, referring to the Paris drawals of credit from Germany at which repeatedly asserto its meeting of French and German created an acute Ruancial crisis. Ability to protect foreigners in this Ministers, said that he was glad These withdrawals have been caus-country cannot clear up a mystery to express for the United States, ed by lack of confidence, which in respect to a solitary youth who their appreciation of the historic was essentially justified by the disappeared on the railway between consequences of the meeting in economie and budgetary... situation China's biggest port and the coun- the direction of conciliation and of the country. In order to restore try's capital. Further, thay are resulting confidence. They felt the state of the finances of Ger- asking why a joint inquiry was not that they had witnessed a great many which essential in the in- permitted if the Nanking Govern- event and looked forward to its terests of the whole world, the ment did not suspect that the mili progress in effectiveness.

Governments represented at the tary at Soochow has something conference are ready to co-operate,

they very much wished to hide from so far as lies within their power,

the outside world. to reatore confidence. The Govern- ments represented at the conference According to a telegram publish- are ready to recommend for con-ed to-day which the British Cham- sideration of the financial institu- ber of Commerce here received from tione in their respective countriea London, the British Foreign Secret- the following proposals for rellevary is still awaiting the outcome of ing the immediate sination:.

Sir Miles Lampson's representation for a commission of Inquiry. Confident Co-operation.

that is as far as London is prepared With regard to the Paris meet-

to go, we fear that Mr. Arthur Ing with the French Ministers he said "I am frmly convinced that

Henderson will continue to wait. The local St. Andrew's Society did confident co-operation between our

not mince matters when it wired to two countries is urgently necessary

the British Premier earlier this and must continue for the future

week: it deplored the ineffective. because in our present situation

policy of the Foreign Office" and where new developments occur al-

called for strong, definite action. most daily it is of the utmost im-

The majority of Britons will agree portance that statesmen should meet continuously and have inter-

with their Scottish friends who de cided to frame this telegram. It is course with each other. It is only

The conference recommend that demonstrated that the Consular by confident co-operation that the

the Bank for International Settle officials and the representative of Bituation can be improved."

Signor Grand, for Italy, and M, ments should be invited to set up, the Minister have done all in their Matsudaira, for Japan, having join-without delay, a committee of re- power to rescue John Thorburn ed in the hopes expressed for the presentative nominated, by the from his present plight. And al- results of the conference, the Bri- govenors of the Central Banks in though we may not all be prepared tish Prime Minister, Mr. Mac- terested, to inquire into the im- to go so far as our correspondent Donald replied. He remarked how mediate further credit wants of to-day who asserts that "the British gratifying to all had been the Germany, and to study the pos- lion acts like a rabbit," we all sym- Paris meeting between the French sibilities of converting a portion of pathize with the lady's emotion. and Germans and referred to the the short term credits into long!

and growing understanding co terins credits." operation with America. The The conference noted with inter-

United States Steel is down one economic and spiritual strands est the communication from Doc- which were thrown across the tor Bruening relative to the joint and three-eighths, Westinghouse frontiers were becoming more guarantee recently placed by Ger- three quarters and General Motors numerous, and stronger until at last man industry at the disposal of the three-eightha-Reuter's American they would be able to think of discount bank. The conference Service.

Berlin, Yesterday. humanity and not merely of divided are of opinion that a guarantee of

Among a flood of emergency de- Dationa. He hoped with all his this description is necessary to heart that the conference decisions make it possible to provide a sound--crees, one-dated July 18 alters the would re-establish German credit. basis for the resumption of the coinage law of August, 1924. The Interest in to-night's papers is normal operations of international latter established that only twenty marks of silver money could be about equally divided between de- credit.

The conference considers that if minted per head of Germany's popu cisions of the Seven Power Con- | ference and the increase this morn these measures are carried through, lation. The now decree raises the ing of the Bank of England dis they will form the basis for more it to thirty marks, which means that silver coinage of s count rate from 2% to 8% per permanent action to follow." cent., with a view to checking the

The communique was signed by value of roughly 1,900,000,000 recent heavy withdrawal of gold. Mr. Ramsay MacDonald, as pre-marks can be mainted. The cir Short Interviews with the delegates sident of the conference, and Sirculation of silver money on July are published in which they express Maurice Hankey, as the secretary 15 was 1,058,000,000 marks. vatisfaction at the successful con- general.-British Wireless Service. elusion of their labours, Some" space is given to the postponed The proceedings of the London visit by the Prime Minister and the Conference concluded in a friend- Foreign Secretary to Berlin, which ly atmosphere. will not take place until beginning of next week. It is realised that it is principally a courtesy visit in return for the Germans week-end at Chequers. The Prime Minister will probably fly to Berlin on Monday

London, Yesterday.

t

two points in the opening of the stock market.

Whether the Reichsbank will use Its authority to increase the silver circulation up to the new limit re mains to be seen, but it can be regarded as certain that the The German Chancellor and de- Reichsbank will circulata silver legation later had luncheon with money on an increasing extent the French delegates at the Ger The emergency, decree hitherto man Embassy, and the guests rehas not affected the price of silver, mained until 3.80 p.m. views as the Reichsbank has not yet made being exchanged for the purpose of any demand for silver, having con- laying the foundation of further aiderable supplies in reserve, and In the course of a long statement collaboration.

the price of allver compared with on the result of the Seven Power Mr. Ramsay MacDonald and Mr. ten days ago is now actually quoted Conference leaved in London to Arthur Henderson will pay their re, one mark lower per kilogramme.

Restrictions on holders, of bank night, the American State Secretary turn visit to Berlin at the begin Mr. Stimson expresses confidence ning of next week Reuter accounts have been slightly lighten that the measures recommended will New York, Yesterday. allow panic which affected German financial pos n. He concludes "We believe it probable that

Printed and

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WILSON

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