1932-12-09 — Page 1

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HONG KONG, FRIDAY, DECEMBER 9, 1932.

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of a

Superlative Product

BUNLOP

AMERICA STILL REFUSES TO EXTEND WAR DEBT SUSPENSION

SHARP NOTE

OF WARNING

TO PERSIA

Britain Will Not Allow Treaty Cancellation.

A BREACH OF TERMS.

Under

An Important statement was made in the House of Commons by the Secretary for Foreign Affairs, Captain Anthony Eden, in reference to the strong representations to the Persian Government regard- ing their action in cancelling the Anglo-Persian Oil Com. pany's concession.

HOOVER OFFERS TO FACILITATE PAYMENTS

FRANCE AND

BRITAIN TO

ACT ALONE

Decide To Drive Own Bargains.

WAR "DEBT PARLEY:

London, To-day.

Great Britain and France have decided to act indepen- dently and alone in their deal- ings with the United States res- pecting war debts. This po- lley of the two Governments was announced yesterday im- mediately following the dis- cussion in Paris.

BRITISH ARGUMENTS REFUTED IN NOTE

PRESIDENT ENCOURAGES CO-OPERATIVE ACTION

HARSHLY CLASHING VIEWS.

WASHINGTON, TO-DAY.

THE TEXT OF THE AMERICAN REPLY TO THE BRITISH NOTE ON WAR DEBTS WAS MADE PUBLIC TODAY. WASH-† INGTON'S ATTITUDE, WHILE SYMPATHETIC,, IS INSISTENT, AND OFFERS SUGGESTIONS CALCULATED TO FACILITATE PAYMENT OF THE DECEMBER INSTALMENT OF WAR

DEBT.

Capt. Eden read a text of the note which was handed to the

After a conversation on the debts Persian Foreign Minister on December 2 by the British Minis-situation between Mr. Ramsey Mac-ed

President Hoover suggests that the problem should be examin. by the two Governments in a spirit of the closcat co-operation, but

ter at Teheran, which describing Donald, Mr. Neville Chamberlain, he points out that "examination does not imply "cancellation." the Persian Government's action M. Herriot and M. Germain Martin, as an admissible breach of the

a statement was issued by the terms of the concession, stated

that the British Government took French Government, which said]

At the same time, the American note declares it to be the con- sidered opinion of the Government that the debt payments made to

a most serious view of the Per- that the Ministers had explained the the United States in the past are not the cause of the present world sian Government's conduct and state of public feeling in their ro-economic depression. This is a direct denial of an argument advanc- demanded the immediate with! drawal of the notification issued spective countries and had had a ed. by Great Britain." to the Company.

full exchange of views on the dobts The hope was expressed that question. the Persian Government would be They considered the position con-

at pains to reach an amicable

settlement in direct negotiation cerning the Lausanne agreements with the Company, but the Bri- and examined the difficulties arising tish Government would not hesi- out of the payments due on Decem- tate, if necessity, arose, to take ber 18 to America. While reser- all legitimate measures to pro- tect their just and indisputable ving their independence of action in dealing with this matter, they de- intercats.

cleared a common determination to olitain, by international co-opera-i

(Continued on Page 7.)

mate, the economic restoration of

GERMANY READYtion, all the means calculated to pro-

TO PARTICIPATE the world.

Later, Mr. MacDonald returned to

London. British Wireless Service.

IN ARMS PARLEY Geneva and Mr. Chamberlain to

Five Powers' Delegates Hold Brief Meeting.

FRANCE ASKS A QUESTION.

Geneva, To-day..

von

REUTER'S REVIEW OF AMERICA'S REPLY.

Congress Attitude.

Washington, To-day.

The American reply emphasises the belief that the war debt problem is closely related to the question of disarmament, and hints that the two must be considered together,

President Hoover.

ja very definite relationship with

problem of disarmament and thei continuous. burden which compe- titive armament imposes upon! the entire world."

Proceeding, the reply says the United States Government cannot accept the implications in the Bri- tish Note that the loans made by the United States represent, in their interest, expenditure on des- traction and that the payments heretofore made to the United States had been largely respon- sible for the existing world de-

· AMERICA · DELIVERS REPLY TO FRENCH DEBT NOTE.

Washington Answers' Paris Request For Suspension.

Washington, To-day, The United States' reply to the French Government's note re- questing suspension of the Decem- ber payment of the war debts, has been handed to the French Ambassador hare, M. D. C. L. Claudel.

The reply to the note on war debt for the British Government -was handed to the British Ambas- andor here yesterday and was im- mediately forwarded to London.-- Reuter,

BRITAIN TO

MEET DEBT

WITH GOLD

Cabinet Meeting Hastily Called.

WILL SPEED ENQUIRY.

London, To-day, Premier MacDonald is re- turning to London, at once for Cabinet for the purpose of an immediate meeting of the

drafting a further ante (to America, wherein 'il "yill be indicated that the war debt Instalment will be paid ♬ in gold.

Satisfaction that the United States is ready to arrange a review of the debts problem will be expressed. - Accelera- tion of such an enquiry will be requested-Reuter.

A recent photograph of Major Walter Elliot, the new Minister of Agriculture.- (S. & G.)

FISHERMEN'S

ORDEAL IN A

SINKING JUNK

Drifted Rudderless For Three Days.

`TIMELY, RESCUE-- BY BRITISH LINER

After being exposed for three days to biting cold winds. and heavy seas in a disabled fishing Junk, four Chinese fishermen were picked up by- the Ellerman and Buckzall liner, 8.-8. City of Rangoon yesterday afternoon.

LEAGUE'S

GENIUS IN

DIPLOMACY

Prevents Rupture With Japan. ~

CENSURE SIDE-TRACKED.

Geneva, To-day. The League of Nations' genius in, diplomacy is equal to the challenge of the reso- tution put forward by Ire land, Spain, Czecho-Slovakia and Sweden in condemnation of Japan and to the threat of the Japanese spokesman that If such a resolution, were passed it would have most. Berlous consequences.

The Japanese statement was taken on all sides to mean that she would withdraw from the League if any such official criti- cism were made against her policy in Manchuria.

The League has adroitly side- stepped the issue, it is believed,

The resolution sponsored by Ireland, Spain and Czecho- Slovakia will be side-tracked by

taking the Swiss Slovakian reso

lution under consideration first. This resolution refers all further resolutions to the Committee of

Nineteen,

-Japan Adamant,

The General debate in the League Assembly closed yester day when Japan declared, through her spokesman, Mr. Matsuoka, that she was ready to face the severest sanctions of the League rather than alter her standpoint on Manchuria.

Mr. Matsuoka, earlier in the day, had asked that the movers of the resolution, which con- They were rescued only in the demned the Japanese policy in nick of time, as their boat was rud-Manchuria and her breach of derless and on the verge of sink treaties, should withdraw the Political circles today were: ring, while the food and water sup- censure. This the movers, Ire- pression and the concentration ofported discussing a plan to pay the plies were almost exhausted, land and Spain, refused to do,

British war, debt to the United

a large amount of gold in the

United States, and that complete

cancellation of war debts in eaven-" tied to world 'recovery. -

were made before the Armistico

Plan To Repay By Instalmenta

London.

ti

FEARS FELT FOR

Seen by a China Mall reporter Even at this stage, however, it States in monthly instalments. last night the men said that they seemed likely that the second re-

The Sunday Dispatch said that the went out fishing on December 6, in solution, sponsored by Switzer: Cabinet discussed the instalment aqually weather. They were ac- land and Czecho-Slovakia and The note saya many of the loans plan while framing the recent Bri-companied by several other boats sending all resolution to the Com- The reply of the United States and substantially all made since tiah note to the United States, but of the Swatow fishing fleet. At mittee of Nineteen, would be At the briefest of meetings

Secretary of State to British were not for destruction, and less

falled to reach a decision. yesterday, the delegates of a

Note on behalf of President Hoe than one third of the amounts exagainst United States products to were gathered in reparatory to

The question of a special tarif about 4 p.m. on the same day, a adopted. Reuter

heavy squall came on and the nets Five Powers' Conference heard)

ver, says the United States Gov-ponded in the United States by her make up the required sum was also sailing back to Swatow. While this the declaration of Baron

ernment has considered British debtors after she entered the war being discussed, while the British operation was being carried out, Neurath, German spokesman; The American note to Great Note with greatest care and pro- was spent for munitions and re-still hoped for war debt relief at their boat collided with another that Germany was prepared to Britain recognises the increased ceeds, Whatever part the debt mounts. re-enter the Disarmament Con-burden of debt and its relation-payments may have played in the

the forthcoming world economic one, but no damage was noticed at ference.

ship to the problem of world eco-economic history of post war

conference.

the time. The remainder of the The meeting was

under the nomic

recovery, says Reuter. in years, it is clear that in the pay- chairmanship of Sir John Simon. Summary.

ment, under conditions of world- Great Britain's delegate, and The President of the United wide depression, accompanied by was attended by representatives States is prepared to survey the sweeping fall of prices, their from France, United States, Italy entire situation in co-operation weight has greatly increased and and Germany, my bak

with Great Britain and to consi-that they have a very definite

PARIS FORECAST.

Paris, To-day.

It is authoritatively foreshadow ed here that Great Britain will pay the next instalment of her

Renter

M. Paul Boncour, French dele- der what means may be taken to relationship to the problem of re-war debt to America in gold. gate, asked Baron von Neurath restore the stability of exchanges covery, in hich bot the British in writing what he meant by and revive trade.

and American people nave such a the demand for “equality in Such an examination, however, vital interest."

CAMBRIDGE WIN AT SOCCER.

Rugby Defeat Avenged At Stamford Bridge.

London, To-day. Cambridge avonged their Rugby In reaching settlements with defeat at the hands of Oxford on their debtors the United States Tuesday when they won the an- Government combined loans made nual soccer match yesterday by

3 during the war and after the armis goals to 1 at Stamford Bridge.

G. R. Moxon, the Light Blues' tice, including commercial credit, centre forward, placed Cambridge and funded all in the debt agree ahead, but Le Feuvre equalised and recovery of prices. ⠀⠀ menta. As a different practice pre- shortly after. K. H. L. Cooper,

every respect" for Germany. does not imply the cancellation The President of the United

It is generally felt that the of debts, but provides for con- French will not accept any plan sideration of other forms of tan- which would make Germany's gible compensation for America, arms equality the starting point for expansion of American mar- of future discussions. * That kets. should be reached gradually, France contends. Router.

U.S. WHEAT

Debts and Arms,

The note emphasises the rela

tionship between war debts and disarmament, but disagrees with

Staten is prepared, through" what- ever agency may seem appropri ate, in: co-operation - with - British Government to survey the entire alluation, and to consider what means may be taken to bring about a restoration of stability of Acurrencies and exchange, revival

"of; trade, and

doubt when he cut in from the

I welcome the suggestion for valled in Europe the figures cited however, placed the result beyond the close examination, between in the British Note were not strict wing twice to find the net on each United States and Great Britain, FOR CHINA debts te larget, scoponsible for of the whole subject in prepara

are depression and that their cancel tion for the International Econo

mic Conference, for I believe that

ly comparable.”

Dlagres In Fundementals. The British noto also seemed to

occasion. There was no scoring In the second half. sav.

Last year the match was drawn,

R.F.C. Terms For Loan. lation is essential to world re- there are important avenues of over emphasize the infiance which both sides scoring once,

Washington, To-day.

The Reconstruction Finance. Corporation has agreed to terms on which to entertain the application from the North Pacific Grain Growers AssQ-- clation for a loan to finance the sale_or: 8,000,000 bushels of wheat to Chiusa „No formal application received for such a loan

toglation official

that regard the American Govern-

Tribute To Drivers.

tre mutual advantage which should warslehtpayments may have had The note repeats the Presi-be thoroughly explored Such an the That on

economy.c ous observations and Agures pre- dent's willingness to recommend examination does not imply can-

With the SALVAGING THE M various sented by the British Government in to Congress the acceptance of

cellation sterling deposita in London în payment of the Dec. 15 instal- |ment, which the British Govern-

ment has already declined as be- wou ing likely to depress steritag

The President expresses con

fidence that Congress will

der any reasonable

for facilitating the pa

Thurg tain. Reute

Othe

Compe

tion:

ment was not in scoord bat did not desire to enter into detailed discussion there in view the larger Immediate issues. In general, it is their view, that the cadres of depression, lay i

American mind

than these debta

Londo To-day

In announcing the final, aban

Subm

that

HonBritish WIE

fleet sailed off, and when they pre- pared to follow, they found the rud- der was broken and a board. stove) in near the water line...

They failed to attract the atten

(Continued on, Page 12.)

MA AND SU.

Soviet May Hand Them Over To Japanese.

Nanking, To-day. Chinese circles are alarmed by

tion of the rest of the fleet, the report alleging that General Su plugged the hole in the hull with Ping-wen and General Ma Chan- clothing and made a makeshift han have been handed over to the

Japanese military authorities.

Thore is a strong tendency, how- ever, to question the authenticity

by the Soviet is considered unima- ginableReuter,

Japan Switches of the report, as such an action

Her Attach

Troops Directed To

New Point.

Conflicting Reports.

Shanghai, Later: The reports regarding the where- abouts of General Su Ping-wen are very conflicting, some saying he is still in Soviet territory and others:

Harbin, To-day Following their successful ex- that he is among the four thousand defeated troops sent back... into pedition in the western section of

Chinese territory Reuter the Chinese Eastern Railway Inse

which General Su Plug-wen and

General Ma Chan-shan were com-

2 pletely routed, the Japanese are now diverting their attention to noith-enat Kirin where they in-

- ROUND TABLE

CONFERENCE.

tend to launch a drive aimed at Discussion Adjourned.

the elimination of General Li Tu and Ting Chao

This information was given to Reuter by a hi panese mili

oficia

дево

the bor

the

cussion

London, To-day, ncluding the general dis- -on-Federal Finance the Round Table Conference

urned

| be fixed later, In accordance with the 088 over progress of the various committees,

British Wireless Service.