1932-01-18 — Page 16

TUESDAY, JANUARY 19, 1932.

GERMAN PRESIDENTIAL

ELECTION

SPECULATION AS TO HITLER'S

FINAL REPLY.

Press Conjectures.

Berlin, Jan. 9.

Herr Adolf Hitler has post- poned his reply to the Chancellor regarding the National So- cialists' attitude towards a pro- longation of President von Hin- denburg's termi of office which was expected for to-day. Accord- ing to a statement issued from National Socialist headquarters, the National Socialist leader had to leave Berlin, for twenty-four hours and will not return before Sunday noon. This, however, is only regarded in political circles us a pretext for evading the issue until Monday pending the outcome of to-morrow's munici pal elections in the State Bippe-Detmoldt.

of

Meanwhile, there is a good deal of speculation regarding Herr Hitler's ultimate reply which. It is realised, might have a decisive influence on the trend of domestic events. No definite clue. however, is available as to

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THE

CHINA

MAIL.

AVIATION IN

PROFESSOR

CHINA.

KEYNES'S FORECAST

1932

Various Trial

Flights.

DEVELOPMENTS.

Hankow. January 8.

ABANDONMENT OF THE GOLD

STANDARD.

Lecture in Germany.

of cancelling both. The reparation

at conference

Lausanne, he

political negotiations paralleling A trial flight on the proposed

Hamburg, Jan. 9; the election campaign, the effi-Hankow-Sian Airway was launched That the year 1932 would see esey of that process would. to by the China National Aviation Cor- Germany, the South African continued, had the choice amongst say the least, be doubtful. poration yesterday, when a plane! Union, the Netherlands and other three alternatives, a definite solu- "Rather than go through the piloted by Captain Allison took off countries abandon the gold stan- tion of the problem, a two or three throes of an election campaign. from Hankow. The plane reached dard was confidently forecast to- year's moratorium, or a provizional a concerted effort must be made Laonokow, northern Hupeh, safely, night by the famous British eco- settlement remaining in force until and is being made to prolong the the same day, covering the distance nomist Professor John Maynard the end of the year, while the poli- president's term of office and of 200 miles without a mishap.

Keynes in a lecture before the tical situation was given an oppor- any part or person opposing this

Hamburg Overseas Club, pre-tunity to clarify, This last alter- scheme which is a national and Upon the success of the present sided over by Dr. Karl Melchior, native, Professor Keynes opined,

the early in-a not a partisan issue will assume, trial flight depends

prominent Hamburg banker would very probably be adopted, as a heavy responsibility," the auguration of the Hankow-Sian who had represented Germany on

a definite solution seemed at pre- Catholic organ concludes. service, which will be the means of the Basic experts committee.

sent to be impossible of attainment Vossische Zeitung emphatical-linking up Shensi province in the In opening his lecture Profes- and as a moratorium for two years ly opposes the suggestion that North-west with the Yangtze val-sor Keynes stated that in re- would hardly have the beneficial an extension of the president's ley. As the distance between Hannouncing the gold standardi effect expected from it. term of office should be mude kow and Sian is approximately 400 Great Britain had conferred In conclusion Professor Keynes contingent upon political conces miles, the air trip may be made upon the world a blessing whose atated that Germany's policy of de- sions which, the journal insists within five hours including a short extent it was as yet too early to monstrating to the world the im would deprive that step of its stop either at Siangyang

or Lao-gauge.

By this renunciation | possibility of the reparation settle- character as a national demon- nokew, both in northern Hupeh. Great Britain made it possible ment was at last bearing fruit. By stration. Lokalunzeiger, a conser-

for prices to find their normal patiently trying to meet her obliga. yative organ, on the other hand,

economic level, the lacturer con- tions and by facing the issue declares that the right wing

tinued insisting that other coun- squarely, he said, Germany was tries would have to follow suit convincing the international public that she could no longer, meet her obligations.

German Enterprise.

Peking. January 11.

parties in general and the Na- To celebrate the success of the re- tional Socialists in particular could not be expected to consent cent pioneer flight over the North- and that, as regarded Germany, west undertaken by the Eurasia her apprehension would have to to the Chancellor's suggestions Aviation Corporation, Dr. Traut- follow suit and that, as regard- without being assured of the ful-mann, German Minister to China, ed Germany, her apprehension of

of certain conditions

gave a reception at the German a new currency inflation could which, however, are not speci- Legation yesterday in honour of Mr., not in the long run be allowed to of outweigh the demage done to her All the papers, however, whe-Li Ching-sung, Director

Operations Department of the commerce by the fact that other ther conservative or liberal, and Eurasis Aviation Corporation, and countries had departed from the not excepting the socialist Vor his German and Chinese companions Hold standard. waerts, enthusiastically welcome on the Peking-Ili flight.

the prospect of President von

what is realy in the mind of the National Socialist leader and his chief lieutenants who appear to derive a certain amount of satisfilment faction from keeping the public at tenterhooks. Even the news fied. agency which is usually used as a vehicle for conveying to the public National Socialist news items has nothing much to say en the subject, declaring merely that on one hand Herr Hitler has little inclination of allowing him self to be robbed of such an op- portunity for testing popular sentiments as is presented by presidential elections, though he might, on the other hand, be in- clined to sacrifice that opportuni- ty if he could be convinced that foreign political exigencies mili- tated against presidential elec- tions at the present moment.

the

After the visitor had concluded

his address there ensued a spirited debate in the course of which Dr. Melchoir while expressing admira- tion for Professor Keynes' work

and arguments sought to refute hia thesis that Germany would be com pelled to abandon the gold atan- Referring to the war debt and { durd. He could not see, he said, reparation problem, Professor that Germany would derive any

CONFERENCE.

Oceán Kuomin.

a

understood, has also issued nation-wide appeal to commercial and industrial organisations calling upon them to support the proposal so that programmes of national economic reconstruction

may be successfully drawn up.

Hindenburg continuing in office: Commenting on the inauguration Keynes stated that British public benefits from such a policy.-Trans- for the time being, though it is of the projected Nanking-Berlin; opinion was unaimously in favour generally realised that he can- aerial service via the North-west, not be expected to serve another Mr. Li said that regular flights can- full term of seven years. More- not take place in the China section! over, there are indications that until after April owing to the ex- NATIONAL ECONOMIC official quarters are seeking to tremely cold weather obtaining in make the extension, of the pre- those regions. The Nanking-Berlin! sidential term by a parliamentary airway, when realised, would pro- amendment of the constitution, bably be one of the longest and a precedent for dispensing alto- must hazardous commercial lines in gether with the election of the the world as deserts and mountains chief executive by popular vote. will have to be crossed. Instead, it is proposed to elect him always by parliament, as is being done in Austria and in France.-Trans-Ocean Kuomin

f

CENSORSHIP ABOLISHED).

Nanking, Jan. 9,

FOR CHINA.

Nanking, Jan. 9. The Press continues to devote

It is reported that pursuant to much space to the subject and

recommendations from various indulges in conjectures which are

According to Mr. Li, it is planned civic and commercial organisa- without exception fathered rather

to employ seven seroplands for the tions, Dr. Huang Han-liang, by the wish thun by any con-

North-western air service. For this Minister of Finance is consider crete information. Germania,

purposa, therefore, four new Junker, ing the convocation, within the the Catholic organ which is gen-

planes have been ordered from Ger- shortest possible time, of a Na- erally considered the mouth-

many. The route which extends tional Economic Conference to from Shanghal to Tacheng, on the formulate comprehensive piece of the Chancellor, in com.

pro- Siberian border, is to be divided into grammes of economic and finan- menting on the topic voices the hope that the National Socialists

three main stages-from Shanghai cial rehabilitation. All public- will support Dr. Bruening in his The National Government, in to Peking, Peking to Josuihe (in spirited leaders of business and scheme to amend the constitution a mandate issued yesterday, or-Suiyuan) and Josulho to Tacheng banking in the country will be ders the immediate abolition of Smaller stations may be established invited to attend the proposed with a view of extending the pre- sident's term of office. The the censorship on telegrams and at other important cities en route Conference. journal declares that "it is the Press messages, which has been as may be required. Each of these sincere desire of the overwhelm- in force since last Summer. stages will be traversed in one day, ing majority of the nation to see Freedom of speech being one thus bringing Sinklang within three the president who is towering of the rights which the people days from the Yangtaze. high above all party strife retain are entitled to enjoy. this pri- his office at least until the cor- vilege should be restored to them' ner is rounded.”

The

present

with the country now re-unified negotiations, under one Government, the order states. The Executive Yuan is. therefore, ordered to instruct its: subordinate organs to act accord-' ingly.-Kuo Min.

Germania continues, are not en- visaging von Hindenburg's re- election by popular vote, because, in view of the important foreign

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In this connection, it is report ed that Minister Huang has ex- changed views with the leading members of the business com- munity in Shanghai regarding| the proposal in question. It is further reported that as a result of such exchange of views, the Finance Minister is favourably impressed with the idea of con- vening an economic conference and will take the matter up with the Government-Kuo Min.

TEACHERS THREATEN

TO STRIKE.

in!

Peking, Jax. 9. Educational authorities

a serious

The proposal for the convoca- tion of an economic conference was first mooted by the Chinese Domestic Bondholders' Associa Mr. Li and his colleagues are: tional Government, the Associa

tion. In a petition to the Na- king where they will report to the plorable plight of the country's Pelding are facing leaving to-morrow by air for Nan-

tion drew attention to the de- Government regarding their flight finances and the recent slump in crisis as a result of financial dif- bond-values. Unless a National ficulties. Teachers of the vari Economic Conference (modelled after the epoch-making German

ous schools in the Municipality are threatening to strike en bloc Economic Conference) is conven- ed to effect a thorough overhaul- five months are not paid up. if their salaries in arrears for ing of the country's finances,, Total obligations in this respect Government credit, and with it the whole economic structure of the country, is doomed to col- lapse.

MAKING SOVIETEERS AIR-MINDED.

Moscow, Jan. 7.

Endorsing the Bondholders'

A concentrated attempt to popu-proposal, the Greater Shanghai Larise aviation in Soviet Russla will Citizens' Association, in a peti- be made by the Civil Aviation Ad-tion submitted to the National miniatration and the Commissarint | Government last night, points out of War, according to a report pub that no effective measures of fished here to-day.

financial and economic rehabilita! tion would be possible, unless the country's economic experts and experienced business men mobilised and charged with the task of planning and supervision.

This end is to be achieved by the large-scale production of a new type of baby plane which will be sold at the price of only 2,000

are

roubles. If necessary, the payment! The petition recalls that under " may be spread over two years at a small additional charge for intereat the aegis of Mr. T. V; Soong, the

Even then, however, there will be

amount, to about $1,850,000.

In view of the gloomy situa- | tion, a delegation of teachers from seven schools has decided to proceed to the Capital to soli- cit aid from the Ministries of Finance and Education.

Meanwhile, all municipal pri- mary schools are suspending classes. A similar predicament faces the middle schools should the teachers fail to obtain a satis factory reply to their demands from the local Bureau of Educa tion.---Kuo Min.

Nanking, Jan. 10. Optimism is expressed in poli- tical eireles at the. Capital re- garding the success of negotia- tiations now being conducted with the bankers by Dr. Huang Han-liang, Minister of Finance, to raise funds to meet commit-

late Minister of Finance, a Na- CHINA NEGOTIATES

A LOAN. but a few individuals able to afford tional Economic Conference simi- such a plane, but it is hoped ar to the one now. being pro- that the workers in thousands of posed was held in June, 1928. The far-reaching schemes adopt- factories, or the peasants at hund at the Conference have not, dreds of collective fardia will club however, been carried into effect. together to purchase a machine on This has been due, the petition the nstalment plan. In Moscow, states, mainly to the fact that special hangars will be provided on the Conference in question was recently constructed civil aero- of a very limited scope, being drome to all individual or collective conveyed by the then Ministry owners of the new machine, of merely for purposes of consulta- which the Civil Aviation Adrainlation. tration expects to sell between At this juncture, when a new 3,000 and 4,000 a year for the next regime has been inaugurated and five years.

fresh efforts aro, being made to The new plane has been designed lay down the foundations of a by one of Russia's leading air ex domestic government; the Gov- perts, M. Gribovaki. It is built of ernment should convene, as soon wood throughout measuring 21 feet as possible, a National Economic from wingtip to wingtip and is Conference after the example of equipped with a 60 h.p, engine, the historic German Confer giving it a maximum speed of 100 ence

ments bequeathed to the new government for liquidation.

"

Although details of the "nego-| tiations have not been divulged officially, it is learned that Dr. Huang is arranging for a loan of $48,000,000 from Shanghai fin- anciers to be secured on the un- issued $80,000.000 20th Year Short Term Currency Bonds. This shount, together with the regular income of the Govern

miles pim, and a cruising speed of Simultaneously with the desment, is expected to be able to 60 miles! p.h-Trans-Ocean Kuo batch of the above petition to tide over the present emergency mip

Nanking, the Association, it is Kuo Min.

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