1933-01-10 — Page 1

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TUESDAY, JANUARY 10, 1933.

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FRESH JAPANESE TROOP MOVEMENTS

INTERATIONAL GOLD

STANDARD

BRITAIN PREPARED TO

CO-OPERATE

WORLD ECONOMIC CONFERENCE AGENDA DISCUSSED

GENEVA, TO-DAY.

BRITAIN IS READY TO CO-OPERATE TOWARDS AN IN- TERNATIONAL GOLD STANDARD, DECLARED SIR FREDER ICK LEITH ROSS, AT A MEETING OF EXPERTS WHO ARE PREPARING THE AGENDA. FOR THE WORLD ECONOMIC CONFERENCE.

"Exchange controla must be abolished and inflation of currency or prices must be prevented," he said. Tariffs must be lowered and War Debts and Reparations must be cleared away before the World Economic Conference can usefully meet.

"Governments must also consider the desirability of giving the] Central Banks wider powers, he concluded. - Router.

London, To-day,

The Preparatory Committee of experts for the Economic and Monetary Conference met yester- day at Geneva, to begin drafting the agenda for the Conference. The date of the World Confer

War Debts Must Be Settled.

Economic Argument in London Press.

Commenting on the pros

ence, which will be held in Lon-pects of a World Economic

don, is not yet fixed, but present indications suggest that it will meet next April.

Mr. Montagu Norman, Governer

of the Bank of England, and a

keen supporter of the gold stan lard.

Conference the Times says, "It is due to meet in April. It can hardly be postponed much longer if it is to continue to be taken seriously. But it must meet with a prospect of substantial achievement, and there can be little hope of any substantial achievement unless the question of war debts in got out of the way before hand.

New U. S. Ambassador?-Mr. Lawrence Lowell, former Pre- sident of Harvard University, may replace Mr. Andrew Biel- lon, as American Ambassador to Britain when Mr. Ruose. velt becomes President. Alr. Lowell's friendship with Mr. Roosevelt extends over # quarter of a century. Mr. Lo- well who is 76, retired from the Presidency of Harvard month.

SPANISH

REVOLT

last

PEKING

OUTSIDE

DEN

JEHOL O/CHENGTEM/

CHINCH

LIADYANG

YASHICHAO

*TUNGCHOW

KAIPING:

SHANIA KUAN

CHINSKANKE

TÃO T

TIENTSIN STAKU

GULF or CHIMLI

EDAIREN.

PARTHUR

CHEFOO

ĮTEINAN

TSINGTAO

Area of the Fighting.

U. S. MAY USE SILVER BY ISSUE OF CERTIFICATES..

Senator's

SPREADS Bill For Purchase Of

$250,000,000 Of Bullion.

13 Dead In Pedralba Riot.

FURTHER OUTBREAK IN BARCELONA.

Barcelona, To-day. The riots which broke out in the Barcelona district on Sunday night between Anar-· chist and Syndicalist terror. ists and the military and police authorities, are suming more serious propor- tions.

25-

The terrorists resumed activities

"The next instalment of service of these debts falls due in June, and while the Conference is sit- ting with that. shadow hanging over it, participating Governments would be seriously handicapped in 'ealing with questions on its agenda, many of which are incap. able of solution so long as inter- yesterday evening, when they at- national exchanges are disorganis-tacked the Law Courts and fred on ed by attempts to prolong the sys the Police Headquarters. Several tem of huge inter-Governmental casultles are reported from Bar- payments.

This system has partially broken celona and the neighbouring towns, down already, and cannot be re. but the situation is under control at stored. Nothing is more certain Madrid. than that it will break down alto-

In opening the proceedings of ther unless some mutual ar the Preparatory

Committee, Monsieur Trip, who presided, ap- pealed for a wide measure of con- ciliation in view of the grave economic and financial situation of the world.

It was officially announced yes- rangement on the lines of the terday, that ten rebels and three Lausanne settlement is reached soldiers were killed in revolutionary before June 15-by wiping out the disturbances at Pedralba, Valencia a general strike whole entanglement and accepting Province, where inal payment in full settlement. will be proclaimed to-morow.

No moratorium or scaling down

The revolt has been brewing for months, and is the outcome of the

of payments would be of real sor. vice.

Sir Frederick Leith Ross, re presenting Britain, yesterday

Failure to reach such a settlement agitation of labour extremists dia- afternoon, outlined the attitude would not only prevent the ratification

varsies

of the British Government in re of the Lausanne Agreement but would satisfied with their share in the new gard to the return to the gold also revive difficulties and contre- Repulbican Government of Spain-

which it was hoped had been standard. He said that for the finally close. It would also make it Reuter. time being, the British Govern-hopeless to expect any substantial 're- ment could not take any definite sults from the World Economic and Further the Monotary Conference.

decision concerning the stabilisa-consequent general inevitable and in- tion of the pound sterling Involuntary default would shaka credit his Government's opinion, econo- all over work."

roops

British

To Alwar

India Riots Call For Action.

A special train, conveying British troops under instruc- tions to help in the operationa against the insurgenta, at Meos is en route to the elty?

Washington, To-day.

A Bill authorising the United States treasury to bay G$250,000,- 000 worth of silver bullion by the issue of silver certificates has been introduced by Senator Dill, of Washington.

The certificates will be legal tender for all debts.

The silver will be purchased at the market price up to a maxi- mum price of $1.25 per ounce Reuter.

NEW FIVE

YEAR PLAN

IN RUSSIA

Programme To Be Less Ambitious.

MORE ARMS NEEDED.

Moscow, To-day. The second Five Year Plan is less am- bitious than the first according to the aims outlined by Mr. Stalin in a speech be- fore the Communist Party.

For example, the annual increase in industrial out: put is to be 13 per cent. as compared with 22 per cent. in the previous Plan.

Mr. Stalin claimed the fulßiment of the first Plan, and declared that) some of the Industries will be slow

WEIHAIWEN

KREUGER FRAUDS BEGAN IN 1917

Spent £24,000,000 In 14 Years.

FAITH IN FINANCIER.

Stockholm, To-day.

The disclosure that Mr. Ivor Kreuger spent, about £24,000,- 000 during his 14 years of fraudulent dealings,was made after the auditors had made their final report on the affairs of the Kreuger Toll concern.

The report states that the falsifications began in 1917 after which year the balance sheets showed an income, over- stated by more than £55,500,- 000, represented by fictitious credita.

The successful concealment of the

frauds is ascribed to the unbounded

confidence felt in the man himself, and the general acceptance that his claim for secrecy was essential for the success of his operations to- gether with the autocratic powers conferred on him and the unques- tioning obedience of Kreuger's officials.--Reuter.

CHINA'S ENVOYS

ABROAD

International Mission In Germany.

EDUCATIONISTS AT ROME.

Berlin, To-day. Doctor Kung, the Chinese Minister of Commerce has arrived from the United States together with four other members of the Indus trial Mission. They propose to spend 8 months in Europe

ed down to facilitate the manufac-studying the economic and. ture of arms, as some of Russia's neighbours have not signed the non- aggression pacts with Russia. Reuter...

MR. LLOYD GEORGE ILL.

commercial situation, as they have already done in America,

They will eventually submit a report to the Central Gov- ernment at Nanking.

SHANHAIKUAN

EXPECTED TO OCCUPY CHIUKENKOW PASS

CHANG'S FOUR BRIGADES TO BE CUT OFF

JAPANESE CAVALRY FROM CHINCHOW JOIN INFANTRY FORCE

TOKYO, TU-DAY. ACCORDING TO PRESS DESPATCHES, THE JAPANESE FORCES ARE EXPECTED TO OCCUPY CHIUKENKOW PASS TO PREVENT AN ENCIRCLING MOVEMENT BY MARSHAL CHANG HSUEH-LIANG'S FORCES AND TO CUT OFF FOUR BRIGADES OF THE “YOUNG MARSHAL'S” TROOPS, WHICH, STATIONED IN EASTERN JEHOL, ARE CONSTITUTING A MENACE TO THE JAPANESE LINE OF COMMUNICATION BE- TWEEN CHINCHOW AND SHANHAIKUAN.

The Pass, through which Marshal Chang's troops are said to have passed when they entered Jehol, is a few miles north of Shan- haikuan. The Japanese move would reduce the offensive powers of Chang's forces.

A Japanese cavalry regiment from Chinchow is reported to have Joined up with an infantry detachment from Shanhalkuan near the city yesterday, and it is also reported that these combined forces. have begun to advance in the direction of Chlukenkow, where one of Marshal Chang's regiments is reported to be entrenched in the Pass. -Reuter.

Following a joint conference be-tion strictly secret until an agreeTM tween the War Office and the ment had been obtained from Foreign Office at Tokyo, instruc-China and Japan, Chinese circles/ tions have been cabled to the here state the opinion' that the commander of the Japanese gar-"sudden" publication of the Re rison in North China to negotiate solution on January 8th indicates for a settlement of the Shanhai that the League has virtually

| kuan affair and demand the with-abandoned its last hope of conci-

drawal of the Chinese troops to liation,"

outside the two-mile limit of the Chinese observers emphasise railway, in accordance with the that since there exists no basis Boxer Protocol, for the purpose for conciliation between China of maintaining peace and order and Japan, the League should in Shanhaikuan.

Anti-Japanese Move

The

In Berlin..

Berlin, To-day. Socialist Democratic Party of the Reichstag have submitted to the Government an interpellation regarding the Far Eastern conflict,

It asks whether the Government

is prepared, firstly, to adopt the attitude that Japan has committed a breach of the League and the

Kellogg Pacts.

"Secondly, Is the Government| prepared to advocate at Geneva that the League should demand the

Manchukuo Warlord.

London, To-day. General Tin-Ge, the Manchukuo war lord, who arrived in London to represent Mr. Henry Pa-YI, the Regent of Manchuria, told the Daily Mail that he has under- taken the mission of goodwill to Europe "to give Buropeans clear idea about Manchukuo." Router.

immediate and unconditional re- cognition and execution of the Lytton Report, in default of which, all signatories of the above Pacts will be immediately obliged to Bever diplomatic and business re Iations with Japant

immediately proceed under Pára- graph Four, Article XV, of the League Covenant.

With the Japanese occu- pation of Shanhaikuan and the promise of serious deve- lopments in Jehol, all Chin- ese circles are viewing with utter pessimism: the "up- proaching session of the Com- mittee of Nineteen.

The Chinese press is daily printing articles and statements reflecting on the efficacity of the League, and urging prolonged resistance as the sole merns of dealing with the Japanese aggres- вод Reuter.

China To Oppose Jap. Aggression.

Mr. Wang Ching-Wer's German Interview.

Berlin, To-day. The Chinese Premier, Mr. Wang Ching-wei, who is at present taking a cure at the sanatorium at Tuebingen, was interviewed by n repre- sentative of a Stuttgart newspaper with regard to: Mr. Wang rejected the idea the Sino-Japanese relations.

that a Sino-Japanese war was in- Thirdly, is the Government, pre evitable, especially in view of the pared to instruct its representa fact that both countries are mem

Dr. Kung to-day visited tives on the Committee of Nineteen Baron von Neurath, the Presi- to demand the Immediate convoca-bers of the League of Nations, dent of the Reichstag and Minis tion of an extraordinary Assembly whose task it was to find a peace- Iter of Economice.

of the League?"Reuter. The Commission is travelling

ful solution to the conflict..

(Continued on Page 7.);

(Continued on Page, 7.)

BRITISH THRIFT IN SAVINGS.. NEW SUBMARINE FOR HONG KONG. £7,000,000 Increase On Year.

H.M.S. Rainbow Replaces London, To-day.

H.M.S. Poseidon. Returns show that a steady pro gress continues with the three States controlled thriftinstitut

London, To-day," The new submarine, H.M. lone, and on March 31 Inst, the total

A serious clash occurred between due to small investors through Rainbow, which is to replace these Institutions was £1,169,488, H.M. Poseidon which was sunk State troops and Meo rebels, yester

At the same time, whenever In Liverpool where he was to have in Germany for the next fort-

Japan adopted warlike methods, 000. PAY

off Wei-hal-wel in June, 1981, day, af Govindgarh, a small town lo

China would unitedly oppose her This Colossal sum, which shows left Fortsmouth for Hong Kong, the native State of "Alwar,

Rajputant, India. The rebels loot-fulfilled a platform engagement night, Reuter

Welcome In Italy,

to the utmost, but an open war an increase of over 27,000,000 on yesterday,

chill-Britlab Wireless Service.. She is expected to reach Honged shops and smashed idols in the yesterday, is confined to bed with a

WWW Rome, To-day. -vi

fought to the bitter end would be 1980-91 Agures, was made up as

Kang on March 15. Reuter. temples, tying, the Mahatma upsides gens de per una donna le

In one-sided affair. China, he follows

The six Chinese educationista, National Savings Certificates, The Rainbow, which is of 1,475 down to a tres

headed Mr Chi Pad-chang, who

felt, was not strong enough to Nanking, To-day. declare war, but would devote her tons, was commissioned at Chatham A mob of 8,000 attempted to deepe ĐẤT7,000,000

Realising that the Committee energies to opposing the Japan Trusted Savings Bank, $182, in October 1981, and carries one stroy the Government buildings, but A programme, of Chinese music, are visiting Europe, have arrived 650,7575%

Tour-inch gun. She is under the were repulsed by fire. Agitators boxing and plays will be given by in Rome. They were welcomed

letic Association, the Ching W Tfrom outside the district are stated will be presented to-night at the Tai at the City Hall by the Governor of Nineteen originally intended ese aggression, Post Office Savings Bank, £503,- command of Llaut. Comdr.

of the city. Reuter,

to keep the draft of the Resolu (Continued on Page 19.) to be responsible for the uprising Ping Theatre, West Point. 787,000. British Wireless, Service, Yeoman, R.N.

London, To-day. Mr. David Lloyd George, who is

Hope Lost In

League. Chinese Press Urges Resistance.