1933-03-14 — Page 1

Put

hefty

trucks

these

BEDFORD

MADE IN ENGLAND

on Your work

HONG KONG HOTEL GARAGE,

STUBES ROAD.

The dollar, on demand, closed

to-day at 1/3 9-4.

LibFINAL EDITION

Supreme Cour

China Mail

Ext. 1845.

Tel. 27778,

No. 28,364

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

HONG KONG, TUESDAY, MARCH 14, 1933.

Fat. 1845,

PRICE $3.00 Per Month.

JAPAN UNLIKELY TO EXTEND OPERATIONS

Mr. Mellon.

U.S. FEDERAL BANKS 6 BRITISHERS

RE-OPEN

MAY TRANSACT FOREIGN

BUSINESS

GOLD

AUTHORISED TO RELEASE

USEABLE FOR MANUFACTURING

NEW YORK, TO-DAY,

WITH THE RE-OPENING OF 52 NATIONAL AND STATE

- CHARGED WITH

SABOTAGE PLOT Sensational Arrests

In Moscow:

"UNDERMINING ELECTRICAL

INDUSTRY IN SOVIET"?

Moscow, To-day. Two more Englishmen have been arrested, and together with the four other Metropolitan-Vickers' employ- ees, are charged with sabotage aim- ing at the destruction of electrical

U.S. AMBASSADOR BANKS YESTERDAY, A BUSINESS REVIVAL OCCURRED stations and the undermining of the

AFTER NINE DAYS' SUSPENSION, TO-DAY CLEARING electrical industry.

TO BRITAIN

Newspaper Magnate Appointed

AND TOMORROW BANKS IN THE SMALLER COMMUNI-

P

HOUSE MEMBER BANKS ARE PERMITTED TO RE-OPEN Messrs. Monkhouse and Nord- TIES OPEN THEIR DOORS. THIS PROGRESSIVE PLAN WAS wall, two of the arrested men, have ADOPTED TO ALLOW TIME FOR THE NECESSARY SHIP.,been freed, but must remain in Rus-

sia. MENTS OF THE NEW FEDERAL CURRENCY,

Much of the confusion caused by the banking holiday has MR. MELLON SAILS FOR HOME already been cleared and the prevailing outlook is one of quiet

ON FRIDAY

confidence. Keen controversy is waged over the question of the abandonment of the gold standard, but the main body of opinion supports President Roosevelt's efforts to keep the United States on the gold standard.

London, To-day. The appointment of Mr. Robert Worth Bingham, Kentucky newspaper mag- nate as United States Am. bassador to London, is offi- cially announced.

Mr. Jesse Isadore Straus,

New York dry goods merchant,

The United States Treasury has authorised all banks permitted to do foreign business to open and perform them the usual functions of

Twenty-five Russians, mostly im- portant engineers, have also been arrested.

Questioned in the House yes-] terday. regarding the raiding of the Moscow Offices of Metropoli-

tan Vickers, Limited, and the ar rest there of some of the Com-1 pany's officials, Mr. Stanley Bald

the Federal Reserve Banks are also authorised to release gold use-win stated that the Foreign able for manufacturing, says Reuter Washington to-day.

Secretary was already to com munication on the subject with

Member banks in twelve of the London Markets Close the British Arabassador to Mos- has been appointed Ambassador Federal Reserve cities opened yes

to Paris,

The retiring United State, terday. The opening was orderly The remaining Ambassador in London, Mr. Anand satisfactory. drew Mellon, sails for home by Federal Reserve banks will open to-| the .s. "Leviathan" on Friday, day followed by all the banks on

President Roosevelt yesterday Wednesday.

sent to the Senate, the nomina-. It is anticipated that the Stock

tion of Mr. Bingham as Ambas

sador

to London. Mr. Jesse Exchange will re-open not later than Straus as Ambassador to France, Thursday.

and Mr. Josephus Daniels as Am- Talk continued of a financial die- bassador to Mexico. Reuter tator to adjust the delicate opera- and British Wireless Service.

tlons of foreign exchange transac tions for the time being, It being

SOUTH AUSTRALIA generally believed that specie pay-

109 FOR 1 370 Required To Beat The M.C.C.

NITSCHKE 60 NOT OUT

Adelaide, To-day. Requiring 479 in the fourth innings to win South Australia had scored 109 for I at lunch to-day against the M.C.C. touring eleven.

ments will not be resumed for a time, despite the huge stock of $4,- 300,000,000 monetary gold in the United States,

May Delegate Power.

But dictatorial power over ex- change operations is given the Pres- Ident in the new act. The policy of an exchange dictator was follow- ed during the World War.. Con-) ceivably Mr. Roosevelt's power might be delegated to the Federal Reserve banka,

An authoritative description of the new banking act was given by a senator who studied the measure as follows:

K. Nitschke, who was thought to be a probable Test player, was

1. Validates all emergency de- undefeated at lunch with 60 tol his credit. The wicket was in crees and proclamations of the Pre- good condition and the weather sident and Secretary of the Trea- glorious.

M.C.C. Declare.

Adelaide, Earlier.

It now transpires that Maurice Leyland, acting on Douglas Jardine's Instruc-“ tions, declared the M.C.C. second innings at 371 for &

a few seconds before the close of play yesterday.

Bury.

2. Re-enacts sections of the old

Dull.

DOLLAR EXCHANGE SHOWS SLIGHT CHANGE.

London, To-day.

On the London Exchange dealings started again in American dollar yesterday afternoon, and the New York cable rate was quoted at £-G$3.44, which compares with £G$3.44% at the close

• of the market on Friday, March 3, the last occasion on which dealings took place.

Business began at the same time in other centres, at the hour corresponding with the opening of 62 Unit- ed States banks authorised to begin business yesterday.

London stock markets gen- erally closed on the dull side. Internationals were weak.

er but Kaffir shares improv- ed

War loan, 3% per cent. stood at 99. - British Wire- less Service.

"

1917 wartime trading with the en- WEST HAM LOSE

emy act to prevent hoarding and to control the gold reserves of the United States.

Grants Control.

3. Grants to the federal govern- ment power to control all national banks and through state banking

AWAY

Oldham Secure Home Points.

This was unknown to Press re-commissioners, the state banks: LUTON HOLD BRISTOL R. presentatives and was not gen- provides for prompt reorganization erally known until several hours of non-liquid banks and the closure

Inter.

+

for the present of non-liquid banks.

4. Authorizes the Federal Re-

London, To-day, The Hammers, semi-finalists in Leyland, after a magnificent display of batting, was 152 not serve board to issue Federal Rs- he F. A. Cup, sustained yet another out last night, and Voce was un- serve bank notes through the reier League chock yesterday when they defeated with 98..

ve banks against obligations of the visited Oldham and lost by the odd (Detailed scores are on Page 8.) United States, notes of corpora-geal in five.

HOOD RETAINS HIS TITLE."

Reynolds Knocked Out In Ninth Round..

Birmingham, To-day. Jack Hood has retained the Bri.

|

tions, partnerships or individuals. Though Oldham now lead the Up secured by United States obligaton Park team-by-two points at the tions, and against the notes of foot of the Becond Division tabla member banks when secured by West Ham have two games in hand. sound assets.

Luton did well to hold Bristol

COW.

He could say nothing further at present.

In addition to the

four" British employees of the Company, Jon Sunday, a Latvian and four Rus- sian workers were also arrested. Later, the Ogpu, the Soviet Secret Police, seized the Company's records and other papers-Renter and Bri-

tish Wireless Service.

Accidents At Power Stations.

Moscow, Later. Mr. Charles Nordwall and Mr. Gregory

are the two additional members of the staff of Metropoll tan Vickers, Ltd., who were arrest. ed by the Ogpo in Moscow, this morning.

An Ogpu official announcement, isssed this morning states:

&.c.

DUNLOP Fort

TYRE

Al feature of distinction and a factor of safety

FORT

PAST GREAT WALL

Mr. Victor Smith, the 19-year-old South African airman, who was forced down on Sunday night when only 180 miles from *** Capetown, is seen in flying kit, a few minutes after he landed at Croydon on November 24, last year, after a two-day delay at Gao, Southern Sahara, through lack of petrol, had rained his chances of establishing a new record for the Cape-England flight.

(8. & G.) ·

PILOT

JUST FAILS TO BREAK RECORD

FORCE D LANDING IN FOG WITH 160 MILES TO GO

VICTOR_SMITH'S BRILLIANT FLIGHT FROM ENGLAND TO CAPETOWN.

Capetown, To-day,

A forced landing in fog on Sunday night, at Vanrhynsdorp, Cape Province, robbed Mr. Victor, Smith, the South African airman, of his chances of breaking the England-Capetown record. He was only 160 miles from his objective and many hours ahead of the record establish- ed by Miss Amy Johnson, (Mrs. J. A. Mollison,) last November.

On receipt of the news that his machine had been seen near- ing Capetown, huge crowds assembled at the aerodrome to wel- come the airman. Their all-night vigil was unrewarded, and in the early hours of the morning search planes went out to seek the overdue flyer.

It was not until late in the afternoon that they discover. ed his machine at Vanrhyns- Mr. dorp, and although Smith was unhurt, he was unable to reach Capetown' in time to beat the record. Persistent bad luck has dogged

"The investigation of a series of

consecutive unexpected and cidents which have occurred recently at the big power stations at Mos cow, Cheliabinsk, Zuvesk and Zlat- Joust, has revealed that they were jdue to aabotaging activities among the flyer in his attempts on the

the employees.

Cape flight, and this was

his

"An Investigation by the Commis- sariat of Heavy Industry disclosed fourth attempt to establish a new the fact that certain employees of figure. Taking off from Lympne Metropolitan Vickers, Ltd., who at 2 a.m. on March 9, he arrived were working for the Soviet Union at Oran at 117 p.m. the same on the basis of an agreement for day, and after a quick re-fuel,

technical aid in enterorises of the left at 2.10 p.m. for Beni-Abbas, electrical Industry of the Boviet where he arrived the same night,

Reuter Union. were engaged in these | activities."-Router.

DISARMAMENT CONVERSATIONS

-

ww

Fog And Petrol Shortage

British Delegates Strive only

For Agreement.

London, To-day.

по

London, later. Mr. Victor Smith, the 19-year-old South African airman, has been found in the Vanrhynsdorp District 160 miles from Capë- 'town. He left Walvis Bay, 890 miles from Capetown, 'Sunday evening, with 'chance of lowering Miss --Amy Johnson's record of four days, seven hours for the England-Cape, flight,

He encountered fog, however, and ****ran short of petrol, being forced to

land in the dark.

fair

ADOLF HITLER THREATENED

BY ASSASSIN

Arrest Reveals Plot Against Chancellor's Life

Manich, To-day. Count Von Areovalley who El. ed Herr Kurtefiner, the Bavarian Communist Premier, in 1919, has been arrested. It is alleged that he threatened to kill Chancellor Adolf Hitler-Renter

Unavailing Protection

Lancashire Textile Trade:

DUTIES INEFFECTIVE AGAINST JAPANESE COMPETITION

GEN. ARAKI

DOES NOT THINK

IT NECESSARY

"But If Operations Are

Undertaken

· TROOPS WOULD BE WITHDRAWN.

AS SOON AS POSSIBLE -

Tokyo, To-day.

The War Minister, General Araki,. to-day declared that he did not think it would be necessary to ex tead the operations south of the Great Wall.

He added that if the operations: were undertaken they would not be for an extension of Manchukuo, and the troops would be withdrawn as soon as possible.Reuter.

U.S. To Co-operate With League.

GENEVA INVITATION.

ACCEPTED.

Washington, To-day! The Government has accepted the invitation to co-operate with the League Advisory Committee, on the Sino-Japanese controversy,

Earlier.

It is indicated unofficially that the State Department of the new United States Governmbent will [continue to co-operate with the League Advisory Committee in the Far Eastern dispute, -

==Reu- ter.

REASONS FOR

REMOVAL OF ARMS EMBARGO Lack Of International Agreement.

"BRITAIN'S GREAT EXAMPLE NOT FOLLOWED"

•

London, To-day. Mr. Stanley Baldwin, acting as leader of the House of Commons during the Premier's absence in Geneva, announced in the House yesterday afternoon, that as there is no prospect of an international agreement, the Government had. decided to remove the embargo on the exportation of arms to Chine and Japan as from yesterday,

Mr. Baldwin said that the deci- sion of February 27, that no licences for export of any article mentioned in the Arms Export Pro- hibition Order, 1981, either to China or to Japan would be au thorised as from that day, wAN, 25 stated at the time, a provisional arrangement pending the oppor- tunity of international consulta- tion: and decision.

Sace then the Prime Minister, Mr. Ramsay MacDonald, and the Foreign Secretary, Sir John Bimon, had discussed the matter with the representatives of various" ather countries, and had now found, that in their opinion, there was no prospect of any international agreement upon the subject is the. near future.

(Continued on. Page 7.). M. BONNET TO VISIT LONDON.

The World Economic Conference.

In Geneva, yesterday was a day of diplomatic conver sations with the outcome of

London: To-day, which achievement of post-

The directors of the Manchester tive results by the Disarm- ament Conference is closely

hamber of Commerce have approv When he failed to arrive at Cape-] concerned,"

London, To-day, Particular importance was at town, several planes set out to ed of a resolution declaring that the

Arrangements have been made for in favour of British cotton, artificial the French Minister of Finance, M. $7,886,000 in Gold Exports. Rovers to a draw at Luton, the tached to the long conversation search for him-British Wireless preferential duties of 10 per cent. The Federal Reserve gold state home point being very valuable in in the afternoon between Mr. Service.

silk and textiles, operating in the Georges Bonbet, to visit London ment for the week ending March 8. their attempt to avoid relegation. Remery MacDonald and, M. Paul

Federated Malay States, are proving next Friday to exchange views with Boncour. Including transactions to the eve: Results were as follow, s

Second Division."

of ho effect in checking Japanese the Chancellor of the Exchequer, Mr. of the bank holiday, showed that

3 West Ham

competition, and faycaning urgent Neville Chamberlain, and other gold exports amounted to $7,888,000 Oldham

Ministers on the questions which representations to the Government have been raised on the agenda of [-1 Bristol, E.:

with a view to safeguarding British the World Economic Conference trade.---Reuter,

'Briffah Wireless Servics. Tables To Date Os Pare 9.)

tish Welterweight boxing champion-while the gold holdings were do- Third Division (South)

pleted by $92.271,000 through care-Intona marking for foreign accounta,

(Continued on Page 7),

Last night he knocked out Blokar Reynolds in the ninth round,, of Afteen round.title-fight-Reuter,

and!

Bit John Simon also had a long The forthcoming marriage of Victor Interview with Colonel Beck, the Mario Nunes, marcantile assistant, of Polish Foreign Minister, prindi 568, Nathan Road, Ko

Socorro Vas, Į steno pally with reference, it is under- Carn

Building, stood, to the situation at Danzig grap

British Wireless Service, Hong Kong, has been announced.