1932-04-01 — Page 1

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China Mail

ESTABLISHED 1845.

No. 28,070 ́- HONG KONG, FRIDAY, APRIL 1, 1932.

TO-DAY'S closing* demand,

DOLLAR”----

the doll"

RICE $3.00 Per Month.

Cour

DU

OP

Class

REMARKABLE FINANCIAL YEAR EXPERIENCED IN GREAT BRITAIN.

FINANCIAL YEAR IN GREAT BRITAIN

SURPLUS OF £364,000

MOST REMARKABLE YEAR IN HISTORY.

U.S.

AND

FRANCE PAID

London, Yesterday.

The most remarkable year in Great Britain's financial history concluded with the revised Budget balanced, and leaving a surplus for 1931-32 of £364,000.

BUDGET-BALANCING

DRIVE.

Representatives and Wall Street.

$744,000,000 NOW PROVIDED.

CONVICT

SOLVES RIDDLE

Washington, Yesterday How Dartmoor

Continuing the drive to balance the Budget, the House of Repre sentatives to-day turned its ai- tention to Wall Street, despite opposition of the representatives from New York.

The House voted taxes of one quarter of one per cent. on the sale prices of stocks; five cents. per hundred dollars on the sales of grain, cotton, and other pro- duce: fifty cents per five hun- dred dollars on real estate con- veyances; and one-eighth of one ner cent on all bond transactions.

This figure is arrived at after providing £32,500,000 for the redemption of debt, taking from the dollar exchange account £12,750,000, including $11,000,000 and $13,000,000 an- interest, instead of £23,000,000, including interest, which the revised Budget in September contem plated taking from it to enable the Budget to

balance.

The dollar account is a relic of the War when American and Canadian securities held in Bri- tain by corporations and private investors were mobilised by the Chancellor of the Exchequer in order to meet the dollar payments.

THE FIRST STAGE OF NATIONAL

GOVERNMENT'S PROGRAMME.

The financial year's working than the Budget estimate, while marks the successful completion stamps, which were estimated to

$744,000.000 American Service.

Fire Started

GRAVE EUR

SITUA

Financial Situations

of Countries.

LEAGUE COUNCIL SUMMONED.

Rugby, Yesterday.". Owing to the gravity of the {financial "situation in Austria, Hungary, Greece, and Bulgaria, a meeting of the League of Nations" Council has been summoned for April 12.

Prisoner Has No This action is taken following the

Qualms

Startling Statement

*

Further Taxation Voted, Taxes on soft drinks and capi- tal issues of bonds and stocks,

(Reuter's Special Service.) which are expected to provide

London, Yesterday. nually, respectively, were voted by the House of Representatives An amazing statement last night.

Total taxation has now provid- in which one of

the ac ed

Reuter's cused convicts is alleged to have admitted start ing the fire in the Dart moor Prison mutiny last January was read in the Court at Princetown G to-day.

PREMIER'S EMPHATIC

DENIAL.

Concerning the Irish Free State.

AT OTTAWA CONFERENCE.

Ottawa, Yesterday.

pport of the Financial Committee TE the League, which recently met

Geneva, massages state that the

CURFEW ABOLISHED IN SHANGHAI

CITY GOES MAD

NEW YEAR'S EVE SPIRIT PERVADES EVERYWHERE..

GLIMPSE OF OLD SHANGHAI

(From Our Own Correspondent).

Shanghai, To-day.

The first night of the suspension of the curfew report advance proposals for in Singhai proved uneventful, and the streets mellorating the situation which de- were more or less feserted, and the Municipal polic

hands the prompt attention of the

gue Council.--British Wireless ing powers have now been restored in Hongkew. Trylee

Thousands of Chinese businessmen, small ACTORIES ARE NOW shop-keepers, and mill factory owners are prepar-

ing to resume normal operations. TO RE-OPEN.

Agreemen Fast

Reached EMPLOYED SINCE NOVEMBER

Enschede, Yesterday.

agreement on the be

adual Wage reductions was each

between employers and

which 18,000 have been on strike since November,

Although the factories are re-

opening on Monday, other Unions

The letter addressed to Major Pannall, Gov- the strike, which, it is feared, may

ard agitating for a continuance of

lead to disorders,--Reuter,

James Cosgrave TRAGEDY IN SMALL

A most emphatic denial to a re-ernor's Office, and signed port in a local newspaper regard- ing the possible refusal of a seat by at the Imperial: Conference to the Irish Free State was given by the states:- Canadian Premior, the Hon. Mr.

of the first stage of the National produce £20,000,000, fell short Bennett, in the House of Commons.

"I was standing out-

+

VILLA..

Found Dead,

Government's programme to lay by £3,000,000. Customs and ex- He said that the Irish Free State Bide the Governor's Office, Malayan Rubber Planter a sound foundation for future ciae revenue was estimated to had already accepted the invitation which was all smashed prosperity, by first establishing produce a total of £253,000,000, to attend the Conference and had confidence at Home and abroad and actual receipts have exceed agreed to a postponement of the up, and then entered the

opening of the Conference from by balancing the Budget. ed this sum by £3,000,000, but of July 18 to July, 21, to suit the con- room by the window and The Chancellor of the Exche this about £2,000,000 is on ac-venience of some of the delegates found six men in posses- quer instead of sitting anxiously count of new import duties un- Reuter.

in the Treasury awaiting final der the Abnormal Importation

figures is now taking his lase at Act, the Horticultural Products KING AND QUEEN

u fishing village on the De.

Act and the Import Duties Act.

Post Office net receipt is 1932, estimates amoured to

£700,000 Tess than expected and £770,968,000 and expendture to £770,599,000. Income tax and there is a further shortage in super tax yielded £19,00,000 receipts from sundry loans and above the estimates.

miscellaneous revenue.

These two latter heads were The Treasur anounces that

estimated at $58,200,000 and $80,000,000 worth of Bills which

have realised only £48,728,000. matured for March 29 New

The difference is due mainly to York were repaid, Ikewise 900,000,000 francs repreenting reduction in amount paid to mis- credit given by French banks.

The Treasury retains the right to reborrow folla period ofwelve months after the grant of the credits during last Augut and September. Reuter.

Actual Figures,

cellaneous revenue change account.

from ex-

The Brediture Side. On the expenditure side, per manent debt charge as revised by the September Budget was

AT WINDSOR.

NIGHT - LIFE RETURNS.

Night-life devotees filled dozens of cabarets, and other amusement palaces celebrated abolition of the curfew. Some places were assum ing the aspect of New Year's Eg hilarity. Chimes restaurants and amusement resorts are re-opening on Saturday. Foochow Road, Shanghai wax was ain resplendent

SHANGHAI LADIES

XTEND SYMPATHY:

Poseidon Disaster and Hongkew Incident.

BRITISH WOMEN'S "ASSOCIATION

(Prom Our Own Correspondent.] Shanghai, To-day.

DR. -YEN RECEIVES BAD NEWS.

Armistice Discussions

The

Futile.

TAITSANG SITUATION.

Geneva, Yesterday. Chinese Vice-Foreign

Minister has cabled Dr. W. W. At the annual meeting of the Yen that the Japanese are adam-

POLICE INVESTIGATING

| British Women's Association ‘anjant in refusing to withdraw com- Nice, Yesterday interesting fact was disclosed in pletely, and he is therefore of Ernest M. T. Cummins, a well-connection with the Poseidon the opinion that it is futile to sion. I got hold of a known rubber planter in the submarine disaster.

continue armistice discussions. Malay States who has been ly

Sir Miles Lampson reports newspaper to start the ing here since last Summer in a "A message of sympathy was further war-like incidents in the fire and then I left. I am been found dead under circum-tish Women in Shanghai to Ad- BRIGADES OF OLD

small villa near Monte Carlo, has dispatched on behalf of the Bri- region of Taitsang-Reuter, not very sorry that I did stances into which the police are

enquiring-Reuter. this as I have my own reason for I what I did, Rugby, Yesterday and I will do the same Their Majesties the King and Queen this afternoon motored to again. I will let the Windsor Castle, where they are expected to remain in residence Home Office know why I started the fire later as throughout April...

Princess Elizabeth's Birthday.

THE DANUBIAN PROBLEM. Preliminary Survey

to Be Made.

Rugby, Yesterday. A meeting of the represe

During their stay there they During the hearing will be visited by the Duke and Duchess of York, the Frincess charges against thirty of four of the great powers, to Royal and her husband, Lard Harewood, and other members of two prisoners were unde, make preliminary survey of the

All the accused

the Royal Family.

Princess Elizabeth who will be six on April 21 will probably mitted for trial

end her birthday with her ing Richardson,

Delhurst, who giving evidence, discharged.

grand parents at Windsor-Bri- | Axed · at £822,000,000, which in-tish Wireless Service:

cluded £82,500,000 for debt re- Rugby, Yesterday,

of this The National accounts show demption. The whole

and

revenue, aurig the sum has been issued and applied proposed in the second Budget ted to £770,43,000 in the manner provided.

On supply services a substar to £770,89,000.

ori" revised Budget for casted in saving is shown.

receipts from home ginal Budget estimate $272,000,000; from April was $489,000,000, while

of £73,000,0

yed in the

87,400.

vised financial

September thi

These economies were estim- ated to save $70,000,000 in the full year and £22,000,000 In the remainder of the veurrent year.

*issue-has In fact, the Excheq been proved to be 2489,200,000, showing a saving of 212,600,000. In the sed estimates

saving in the past ierefore, “amounted 00% ** the total ex- 770;500,000 is thus

FINE GENERALLY.

Danubian problem; and to lay down guiding principles for the assistance the later conference of Danubian will be held in London about and the middle of next week British

fireless Servics,

were

report-issue:i. oyal Observatory

contral and

-PASSENGER FARES

REDUCED.

| North Atlantic Shipping

Conferen

miral-Kelly, who transmitted it to dependants of the victims. Letters of sympathy were also sent to the mothers of two Bri- tish, Ballors who were killed by shell-fire on the Hongkew Wharf during the Shanghai hostilities.

THE NEW SYSTEM OF

TAGGING.

KIRIN ARMY.

Capitulating to Join the New Army.

(Reuter's Pacific Service,)---

Harbin, To-day

It is reported that the 28th. and 22nd Brigades of the old. Kirin Army have cantisisted, and are "enrolling in the. new Army.

Sharply Divided Groups The 28th Brigade arrived at

at Lotien.

(Reuter's Pacific Service.)

Shanghai, To-day The war areas held by Japanese troops now have a new sys

tagging Chinese villagers.

An Instance of this is afforded at Lotiem near Liuho, which is sharply divided into two groups of taggad and und

Chinese civilians.

Imienpo this morning and it is stated that it will be transferred to the Southern line for the sup- pression of Bandits,

The 22nd Brigade will be stationed at Imienpo.

PRINTER SOUNDLY BEATEN.

troops offer friend-Picked Up Unconscious

only_to__Chinese have accepted and Japanese tags, which umbered white pieces of dentifying each Chinese

Beemanlar

in Shanghai.

Renter's Pacific: Sar

Yesterday