1933-03-16 — Page 1

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BEDFORD

MADE IN

ENGLAND

THE HONG KONG HOTEL

GARAGE.

The Hong Kong & Shanghai Hotels, Ltd.

Incorporated in Hong Kong. Brushbu Rand.

The British -

TRUCK

Happy Valley.

Economical 27-b.p. 6-cylinder engine ---reducing vibra- tion, reducing engine-wear, redne- ing Lime-off-the- road, reducing ex-

penses.

The dollar, on demand, closed

to-day at 1/3 5-8.

Library, Supreme Court

FINAL EDITION

China Mail

Hut, 1845.

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

No. 28,366 HONG KONG, THURSDAY, MARCH 16, 1933.

Est. 1845.

PRICE $3.00 Per Month.

DUNLOP Fort

FRENCH AND BRITISH PREMIERS TO VISIT MUSSOLINI

The new Governor-tienecal of the Irish Free State-Mr. Donald Buckley. 22 Dublin shopkeeper, who succeeded Mr. James O'Neill.-(S. & C.)

MR. DE VALERA

REBUFFED

Oath Removal Bill Rejected.

IRISH SENATE'S FRIENDLY GESTURE TO ENGLAND

DISARMAMENT HOPE REVIVED

MR. MACDONALD'S PEACE CLUB FOR EUROPE

BRITISH EFFORTS TO ACHIEVE

RESULTS AT GENEVA

Geneva, To-day.

Mr. Ramsay MacDonald's efforts to form a European "Peace Club," has caused him to accept with alacrity the invitation from Rome to visit Signor Mussolini, the Italian Dictator, next week-end. Before his departure, accompanied by the Foreign Secretary, Sir John Simon, Mr. MacDonald is doing his utmost to persuade M. Daladier, the French Premier, to vixil Geneva.

It is believed that he is anxious to take to Rome, the promise of a Franco-Italian naval parity in the Mediterranean as a hope- ful basis for disarmament and a token of French goodwill to Italy.

A vigorous effort is being made by the British Ministers at Gene- va to achieve early and effective results from the Disarmament Con- ference, and at to-day's meeting of the General Commission, the Prem ier, Mr. Ramsay MacDonald, will make an important pronouncement. In the course of his speech, he will outline a draft disarmament confirmation, embodying the work already done by the Conference and embracing certain elements drawn from plans laid before the Con- ference by other delegations as well as the various British suggestions.

Dublin, To-day. The Irish Senate, by 24 votes to 16, yesterday rejected the Removal

The text of this proposed dis- of the Oath of Allegiance Bill, and carried an amendment favouring armament treaty will later be cir- the institution of Anglo-Irish nego-culated to all delegations and it tiations for an amicable agreement. will be found

to constitute de-

French Premier Leaving For Geneva.

Parie, To-day. M. Daladler, the French Premier,

Nevertheless the Bill automati- tailed and comprehensive propo-j is leaving here for Geneva to-night. cally will become law within 60 cals covering every phase of dis-Reuter days of its introduction.-Reuter. armament.

STOCKS RISE

STRONGLY IN

NEW YORK

Unique Position In Wall Street.

3 MILLION SHARES BOUGHT IN BRISK BUSINESS

The proposed treaty which will be transitional, covering a five-years period, will contain de- finite figures and proposals relat- ing to naval, military and air

disarmament in regard to mater-

ial and effectives and will deal so with the question of secur-

Il Duce's Cordial Invitation.

WEEK-END CONFERENCE.

London, To-day. The Foreign Office Issued the following communique yesterday evening.

ity.

The need for some such

"The presence of the British quick and

resolute ac- Prime Minister and the Secretary

tion

if the Conference of State for Foreign Affairs at

is to be Haved, has impressed Itself | Geneva, has given an opportunity! deeply upon Mr. MacDonald and Sir which is welcome to both Govern-| John Simon, especially since their arrival in Geneva.

The situation in Europe, t is felt, demande decisive ac tion if its further degenera- tion to be stemmed, and the British Ministers believe that an adequate convention, speedily concluded, would do much to restore the situation.

ments for a meeting between them and the Chief of the Italian Gov- ernment,

"His Excellency, Signor Mussolini, has addressed a cordial invitation to Mr. MacDonald and Sir John Simon to come to Rome before returning to

England.

New York, To-day. A unique position was ex- perienced on the New York Stock Market yesterday, when active business was resumed for the first time since the declaration of the banking holiday on March 3, Brokers found themselves without a measure with which to judge the market, but in spite of this, business was brisk, 3,070,- of an adjournment of the Confer-leave Geneva for Rome 900 shares changing hands dur- ence before decisive steps have been night."-British Wireless Service. ing the day.

In their

market report,

The British Ministers have been very glad to avail themselves of this |

arranging to on Friday

It is recognised that a repetition invitation and are

taken to solve the main problems before the Conference, would in the Messrs. E. A Pierce and Com-circumstances, be quite inadequate. pany state:--

ECONOMIC EFFECT OF WARFARE

Trade Lost In China's Great Market.

Compromise Necessary, The proposed disarmament treaty "There is no precedent for mea- suring the market as the situation will of necessity call for compromises is absolutely unique. In addition between the different national view to short covering, there has been a points. It is, however, felt that the the sub. substantial amount of publie buy. compromisca and even ing to-day.

stantial sacrifices that they may in "While we cannot expect the list volve, will be justified if the Confer- to-morrow to duplicate to-day's ad-ence is saved and an important step PURCHASING POWER REDUCED

vance, we expect strong support

achieved in the task of organ'sing peace.-Reuter and British Wires-

hut small recessions, with a pos-less Service.

xibility of substantially higher prices within a week, particularly pending the Washington legislative |

measures, if they do not strike un-closely challenged by an advance of expected snags."

Chemical and Dye 10% in Allied shares, which closed on the day at 87%. Air Reduction shares ad- vanced from $51% to $00%. Four, five and six point rises were indicat-

in several lines.-Router. Economy Bill Passed By US. Senate.

Industrial averages showed the greatest advance, advanc ing from 53.84 on March 3 10 62.10 yesterday, a rise of 8.20. Rails showed a strong movementĝed alno, advancing 4.43 to 29.19. Utilities and bonds showed tens strangth over the corresponding period rising 2.69 and 1.98 to 24.58 and 75.14. respectively.

Union Pacific shares experienced

the greatest reaction, advancing

Washington, To-day.

The United States Senate to-day

from 69% to 80%. This rise was passed President Roosevelt's Econ- (Continued at foot of next Column.) {omy Bill-Reutër,

London, To-day. During a House of Commons economic debate yesterday, Mr. Walter Runciman, President of the Board of Trade on behalf of the Government, deplored the events in the Far East which occurred just when it appeared that the Chinese market, which is the greatest in the world was about to be reopened to western supplics and development..

There had been grave inter- ruption in the demand for Bri- tish goods to China.

The purchasing power of China, which is tremendous, is one of the factors that might have had a restorativa affect upon world trade, he said,— Reuter,

H. M. Submarine "Sturgeon" recently commissioned for trials, leaving Chatham Dockyard for Sheerness. Similar in design to H. M. Submarine "Rainbow," which arrives in Hong Kong from Home at 7 p.m. this evening, the "Sturgeon" embodies several more features, and is the latest and most up-to-date submarine to be launched in Britain. (S. & G.).

AMERICA PLANS TO CONTROL

PETROLEUM OUTPUT

State Governors Called To Washington Conference

Washington, Today............

The Secretary of Interior, Mr. Harold L. Ickes, yesterday sum moned the Governors of the oil producing States to meet in Washington on March 27. 40 cun- sider the regulation of overproduc- Lion of petroleum.-Reater.

TROUBLE IN SINKIANG

Insurgents Capture Old City of Aksu,

Peking, To-day.

Trouble is developing in Sinkiang. The Old City of Aksu is reported to have fallen to the insurgents and the Chin- ese officials in the New City are fleeing towards Kashgar.

The Chinese Amban and other Chinese have been killed

at Kotan,

A peasant uprising and in- surrection is also developing at Keria. Chinese reinforcementa are being cat to the district. -Reuter,

LEAGUE RENEWS ACTION

More Sub-Committees Appointed.

ARMS EXPORTS QUESTION

Geneva, To-day,

BRITAIN'S

OF

In a class by itself

GRAVE VIEW MOSCOW ARRESTS

NO JUSTIFICATION

DUNLOP FORT

IN ROME

35 STARTERS

FOR GRAND

NATIONAL

Fawcus Taking Out Gregalach.

13 AMATEUR RIDERS IN FIELD OF 35

London, To-day. Golden Miller, favourite for the Grand National, is to be ridden by Leader, while Gregalach, a former winner, is to be taken out by Fawcus.

The race for the Blue Riband of steeplechasing, at Aintree on March 24, has attracted 35 starters and a feature of the classic will be the re- cord number of amateur riders tak- ing part. There are no fewer than 13 among the 30 riders already selected.

There are three former winners in the field-Forbra (last year). Shaun Goilin (1930) and Gregalach |(1929)..

FOR SABOTAGE ceptances with their jockeys for CHARGES

-AMBASSADOR-INSTRUCTED TO EMPLOY- STRONG TERMS.

LONDON, TO-DAY.

THE BRITISH GOVERNMENT'S GRAVE VIEW OF THE MOSCOW ARRESTS WAS EXPRESSED BY THE LEADER OF THE HOUSE OF COMMONS, MR. STANLEY BALDWIN, WHO, IN THE ABSENCE OF THE FOREIGN SECRETARY. SIR JOHN SIMON, REPLIED TO A QUESTION IN THE HOUSE OF COMMONS YESTERDAY.

"Information from the British Ambassador at Moscow, Sir Esmond Ovey, confirms the press reports that the following Bri. tish subjects, Messrs. Monkhouse, Thornton. Cusbay, Macdonald, Gregory and Nordwald, employed by the Metropolitan Vickers Company, together with more than 20 Soviet citizens employed by the same firm, have been arrested by the Soviet Political

Police on a charge of sabotage of electrical machinery," Mr. Baldwin stated.

"Messrs. Monkhouse and Nordward. have çince been provisionally released on the undertaking not to leave Moscow.

are

Six Russian Employees

Arrested.

Moscow, To-day. Nine more Metropolitan Vickers'

"Other persons arrested still in custody and the Ambas- eador has visited them in prison, employees, six of whom are women, Their health appeara generally have been arrested and charged satisfactory and permission to with sabotage.-Reuter. exercise has been promised.

"Immediately on receipt of the news of the arrests, the Ambas. sador made urgent representa- tions to the Commissariat for Foreign Affairs, requiring to know, among other points, exact- ly on what charge the arreste had been made and what facili- ties for their defence would bej granted them.

No Satisfactory Answer.

NO. DIVIDEND BY CEMENT CO.

Half-Million To Be Carried Forward.

Subject to audit, the balance at "As he has received no cate credit of Profit & Loss Account

gorical or satisfactory answer on

these matters, he has been in- for the year ended December 31, including the Bum of structed to press for the fullest 1932, possible Information from the $99,843.88 brought forward from Commissariat for Foreign Affairs, last year, and after setting saide M. Litvinoff.

The following are the final ac-

the Grand National to be run at Aintree on March 24:----

Gregalach (Faweus)

Golden Miller (Leader) Coup de Chapeau (Wilson) Shaun Goilin (Mr. Cazalet)

Remus (T. Morgan) Bulcbolloa (Mr. Ransom) Colliery Band (Hardy). Heartbreak Hill (O'Grady) Forbra (no jockey yet) Kellsboro Jack' (Williams) Alpine Hut (Mr. Walwyn) Troublemaker (Mr. Laing) Coolinolagh (no jockey yet) Merriment IV. (Lord Haddington)

Delaneige (Moloney)

Trocadero (Comte de Beaumont)› Egremont (Mr. Paget) Ballybrack (Mr. Elliott)

Holmes (Beechener) Southern Rero (Isaac) Annandale (D. Morgan) Theras (Owen)

Apostasy (Lyall)

Society (Mr. Shakerley) Slater (no jockey yet)

Master Orange (Capt. Palmer) Near East (Robson) Really True (Mr. Furlong) Pelorus Jack (Stott) Chaddsford (Hobbs) Ruin (no jockey yet) You Tell (no jockey yet) Rally Hanwood (McCann) Dusty Foot (Mr. Bostwick) Guiding Light (Lord Somerton)

Latest Betting,

13 2 tand o Golden Miller, 100-9 tand o Gregalach.

Annandale 23--1 t

201

22}

25-1

• Heartbreak HII) 25—1 L t and

Bociety,

33-1

o Delanetre 40-2 t

• Colliery Brand 40-1 1

33----1 • Merriment IV, 40-I t..

EXPORTS STEADY- IMPORTS DECLINE.

Colony's Trade For February.

to $47.6 millions (3,0 millions) as compared with 451.2 millions 663.7 millions) in February, 1982, while exports to- talled $37.5 millions (£2.4 millions) jas compared with $87.1 milliona

(42.7 millions).

"Moreover, His Majesty's the sum of $277,445.82 for depre-

The Statistical Office of the Im- Government are convinced there clation, amounted to $519,021.23,

ports and Exports Department re- can be no justification for the which the Board of Directors will ports that total imports of Mer.. charge on which the arrests were recommend at the forthcoming An-chandise into the Colony in the nual General Meeting be carried made, the Ambassador, has been forward to the credit of Account amounted

month of February, 1983: instructed to represent in strong for 1983. League activity in the Sino-terms the grave view which they take of these proceedings against | revived Japanese dispute was

British subjects of high standing

AUSTRALIAN TOURISTS IN by a meeting of the League AB-

Jengaged in normal commercial pur sembly Advisory Committee yes-suits to the benefit of both coun

HONG KONG terday when the Committee esies and the unfortunate conse

Since February of 1982 total im- Three tourist parties from ports of Merchandise into Hong tablished sub-Committees.

quences to the Anglo-Soviet rela- Australia arrived in Hong Kong Kong have ductuated from the low- The first, headed by Caplain tions which may follow unless it is this morning on the se. Kamo eat dollar value (38,0 millions) in Anthony Eden, will deal with the rectified.

Maru, en route to Australia. / January, 1888 to the highest (65,4 One party is organised by millions) in March, 1882, while six- Bimilar language will be held to export of arms to the Far East,

Clarke, and the porta fluctuated from $818 millions and the second will co-ordinate the Soviet Ambassador in London Miss Bertha International action arising from to-day, as His Excellency was yes-other two parties by Messrs. In January, 1988 to $51.7 millions

Cook and Son and in March, 1982. terday requested to come to the Thomas the non-récognition of Manchu Foreign Office.-Britisk Wireless Messrs. Burns, Philip and Com kuo, Reuter.

+

Service.

[pany, of Sydney.

Mean rate of exchange for Febru- Jary 1988, ILK.$—18. 81⁄44d.