1933-03-22 — Page 1

BEDFORD

MADE IN

ENGLAND

READ THE BEDFORD TRANSPORT MAGAZINE Specimen copy post free on application.

THE HONG KONG HOTEL GARAGE Stubbs Road

Happy Valley.

H.K.

The dollar, on demand, closed

to-day at 1/3 11

FINAL EDITION ·

China Mail

Libe

ABILITY... LONG MILEAGE... SAFETY...

DUNLOP

The World's

Best Tyres!

Bet. 1845,

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

No. 28,371

HONG KONG, WEDNESDAY, MARCH 22, 1933.

Est. 1845.

PRICE $3.00 Per Month.

TELEPHONE COMPANY REPORTS INCREASED PROFITS OF $197,380

STRANDED

STEAMER IN

DANGER

Water Flooding Leaking Holds.

NORWEGIAN SHIP ON SWATOW BAR

Crew Of About 80 On Board

The Norwegian cargo steamer Suzanne which stranded outside the Swatow Bar yesterday is now in aj precarious position, though no lives are in danger.

Her Nos. 1 and 2 tanks are full of sea water and her forward and after holds are leaking, the forward hold at the rate of 4 feet per hour and the after hold at the rate of 1 foot per hour.

NO MYSTERY REGARDING SHIP'S POSITION

1121-

At no time was there any doubt #f the whereabouts of Suzanne. Her position was known in the Wild Swan, but owing to the dense og it was impossible —4¥'-atཐཱ+1:༢༩;---——-

The Suzanne, a ship of 2,472 tops gross, owned by A, S. Nes- jar, of Bergen, Norway, was, pro- eeeding from Chinwangtao with a cargo of coal for Swatow when she was stranded in a dense fog. Vessel May Break Up.

It is possible that unless the weather remains calm the wrecked stenmer will break up as there is a very heavy swell on this part of the caust in bad weather.

The crew are at present attempt-

that! ing to cope with the water threatens to completely fill the holds.

Steam and hand pumps are being | used, but at present the efforts of the entire grew are of no avail ugainst the water which is coming in through the holes in the ship's bottom. If the holds fill and the ship is not completely resting the rocks, there is danger that she wil break in two.

On

The agents of the Suzanne in Hong

Messia Kong,

Karsten Larssen & Co., have no definite in-) formation regarding passengers or crew. However, being a coal carrier; trading from the North to Swatow,

ROME CONFERENCE

RESULTS

PUBLISHED PROPOSALS

UNAUTHORISED

BRITAIN NOT COMMITTED TO ANY CUT AND DRIED PLAN

PARIS, TO-DAY.

THAT BRITAIN HAS NOT BEEN COMMITTED TO ANY CUT AND DRIED PLAN FOR DISARMAMENT OR TREATT REVISION AS A RESULT OF THE ROME MEETING WITH PREMIER MUSSOLINI WAS EMPHASISED BY THE BRITISH PREMIER, MR. RAMSAY MACDONALD, DURING A TALK WITH PRESSMEN AT THE BRITISH EMBASSY YESTERDAY EVENING.

Asked whether any plan for the organisation of European peace was actually drafted in Rome, the Premier Indicated that while many tentative proposals which dealt with the so-called Rome plan had been published in the Press, they were unauthori- tative. He added that he was tired of killing rumours.

He emphasised, however, that there was absolutely no attempt to supplant the League of Nations in the co-operation of the four Powers mentioned in the communique issued after the conference with Mussolini. Reuter.

Mr. MacDonald.

4 INCHES OF SNOW IN PEKING

Weather Will Benefit Farmers.

SPRING REPULSED

"The French Ministers have af- firmed the desire to see established, in the interests of peace and within the framework and in the spirit of the League of Nations, loyal co-

operation between the four Euro- pean Bowers who are permanent Imembers of the Council of the Lea- gue of Nations," declares a state- ment issued at the British Embassy yesterday evening.

Yesterday's Anglo-French talks which ended at 6 p.m.. when M..

Premier, Daladier, the French

and M. Paul Boncour, Foreign Minister, left the British Em- bassy after lengthy discussions, began at 11.30 am.

The statement adds that the French Ministers thank- ed their colleagues for the information furnished, which will enable them to proceed with a closer study of the proposals.

1

H.BL. the Queen and members of the Royal Family visit the British Industries Fair at Olym pla, London, on February 21. The Royal Family at one of the stands. (L to R):-The Princess Royal, Prince George, H.M. the Queen, the Duchess of York and the Duke of York.—(S, & G.)

CAPT. GOERING

ENGLAND TO AUSTRALIA AIR: ROUTE

RE-ELECTED

AS SPEAKER Prospect Of Regular Service In

German Reichstag's Short Session.

RELEASE OF SOCIALISTS DEMANDED

Berlin, To-day,

Early Autumn

Londan, To-day. Sir Philip Sassoon, Under- Secretary for Air yesterday stat- ed in the House of Commons that extremely satisfactory progress had been made during the Inst few months with the Imperial Air route to Australia, and it was hoped, if no unforeseen difficulties occurred, that the nervice would slurt not later than the early au- tumn of this year.--British Wire- Jess Service.

The Socialist resolution deman- ding the release of the various ar- rested Socialist Deputies was re- | ferred to the Committee of the Reichstag during yesterday's ses- sion, the first meeting of the new They will communicate fur-regime. ther with each other without de

The business of the session was Holiday Re-action Not lny.

discussed in the Berlin Opera

Fully Determined.

Mr: MacDonald and Sir John House, pending the repairs to the Simon are returning to London gutted Chamber of the Reichstag, to-day, and to-morrow, the Pre-and lasted for 40 minutes. mier will make a statement in

Captain Goering, Minister of Interior,

re-elected After a spell of brilliant Spring the House of Commons during international debute weather and after the start of the

British Wireless Ser

Peking, To-day.

it is unlikely that there will be any the tennis season, Winter again affairs. ~~ passengers on board.

The crew of

visited Peking and North China)vice. vessel of her ton-last night, leaving a carpet of nage should be in the neighbourhood snow four inches deep.

of 80 of which 6 will be Europeans. However, it is welcomed by The urgent appeals to the Henry the farmers, for it is not accom Keswick suggest that the position of panied by great cold and augurs the crew is dangerous and that they well for the good of the harvests

in this area. - Reuter. may even have to abandon ship.

33,179,078 PEOPLE IN KWANGTUNG.

(Continued on Page 12)

WATER CUT OFF IN KOWLOON

Water Main Bursts At Wong Uk.

NO SUPPLY FOR EARLY- MORNING RISERS

A burst in a 24-inch water main at Wong Uk, be- tween Lai Chi Kok and Cheung Sha Wan, at about 7 a.m. this morning, was res- ponsible for the water sup.. plies for Kowloon being turned off from 7.30 a.m. until 9 a.m.

Provincial Government's]

Census.

Canton, To-day. Populous districts in Kwang- ting are Shun Tch, Nam Hai, |Chao An and Chao Yang, there being over 200 people to every square (one-third of an Eng- lish mile), according to a report of the Kwangtung Provinciat Government. The sparsely popu lated districts are those in Hai- nan Island and Kam Ying ou the Enst River, whose population is about 5 or 6 people in a square li

The total population in all the

The burst, it is learned from districts is about 88,179,078 oc- the maintenance authorities of cupying an area of 646,128 square the Waterworks, was only alis. The average population in cach square 1 is 61.-Central

small one and did not cause

great deal of damage to the road-Press.

оп

British Trade Expansion

A New Treaty With Denmark.

London, To-day. President of The

the Board of Trade, Mr. Walter Runciman when questioned In the House of Commons regarding the newly-made treaty with Denmark, said that negotiations were still in progress.

He added that any agree- ment the Government might make with another country or with trade organisation, would be laid before the House of Commons before ratification. British Wire- less Service.

WAR

Speaker. The opening of the Reichstag took place in the Garrison Church at Potsdam, and the central, fi- gures of the new Government were cheered by huge throngs as they made their way to the opening ceremony, which was marked with religious and State ceremony. Reuter.

PEKIN

" EDITOR'S DEATH.

M. Albert Nachbaur,

Peking, To-day.

The death occurred here to-day from pneumonia of Albert Nachbaur, the editor of the Journal de Pekin.

M. Nachbaur, who was fifty-three, first came to China in 1919, since when he has occupied the post of editor of the Journal de Pekin with- out interroption-Reuter.

CONSERVATORS CONTROL BANKS.

More Federal Reserve Appointments,

PAYNTER PASSES HALF-CENTURY.

M.C.C. 115 For 3.

The resultant waste of water, The forthcoming marriage of Re- Wellington, N.Z., To-day. they state, was negligible, and ginald Horace Mould, of the R.A. At lunch to-day the M.C.C. hall the repairs were completed at Officers Mess, Kowloon, and Mary scored 115 for 8 against Welling, Fielding, of Eraham Lodge, Canter about 11 am,

bury, England, has been announced. fon. Paynter scored 52 ----Reuter. ter.

Way.

Richmond, Vir., To-day.

WEAKNESS ON NEW YORK MARKET.

INDUSTRIALS SLUMP HEAVILY

New York, To-day.

The New York market show- ed a weak tendency yesterday, bul business was more brisk than on Monday, 1,210,000 shores changing hands.

In their report, Messrs. E. A. Pierce and Company, through their local correspondents, Mesara. Asia Lands, Ltd., slate:-

IN.Y. BANKER

ARRESTED FOR

TAX EVASION

G$2,823,405 Income In 1929.

MR. ROOSEVELT APPROVES STATE ACTION

SATISFACTORY

POSITION IS

REPORTED

Radio Telephone To Be Installed.

10 PER CENT DIVIDEND MAINTAINED

Usual Bonus To Staff

An increase in profits of $197,- 380.85 for the year 1932-33, as compared with the previous year, was reported by the Directors of the Hong Kong Telephone Com- pany, Ltd., at the annual share- holders meeting held this morning.

The proposal to pay the usual dividend of 10 per cent for the year was adopted.

In his report, the Chairman, the Hon. Mr. C. Gordon Mackie, attributed the increased profits to a higher income on the Working Account, while the ex- penditure had not risen propor- tionately.

Emphasising the progress made during the year, the Chairman said that negotiations were proceeding for radio telephone communication |with other places and that the in- stallation would be completed in about one year after the conclusion of the negotiations.

The report and accounts, as read, were adopted:

The Chairman said.-"Turning to the Accounts, you will observe, by reference to the Debit side of Profit & Loss Account, that the amount payable annually to Gov- ernment in respect of Royalties I continues to increase and the sum shown for the year under review. namely $44,268, is $4,680 in excess New York, To-day.

of that paid for the previous year. The arrest here, this moming, of

"In this connection I think it the multi-millionaire banker, Mr. opportune to remind shareholders Charles E. Mitchell, on a charge of that a Royalty of și per annum is specifically attempting to evade the payable on all Exchange Lines so payment of 1929 income-tax that the annual subscription, from amounting to

C$657.152. has a revenue point of view, for an ordinary Exchange Line is really created a sensation throughout the only $113 per annum--a remark- able low rate for such an up-to- country.

Mr. Mitchell, whose not income date and thoroughly efficient ser- for 1929, in connection with vice. which the warrant was issued, "In the matter of Directors" amounted to G$2,823,405, was Feea, these have remained at their formerly Chairman of the Na- original figure since the inception tional City Bank of New York. of the Company in the year 1925, He

this

business has post resigned

on since when your February 27 to prevent the grown enormously and it is sug- stigma of certain charges from gested that for this reason alone reflecting on the institution.

The Attorney-General, Mr. Homer S. Cummings, has announced that he has advis ed President Roosevelt of the President approves of the development, and that the

action.

""Selling has made enough pro- gress this afternoon to warrant the conclusion that buying should be deferred until the extent of the re~! The New York District At- action can be better determined."torney has been instructed to pro- Industrial, rail, utility and bond ceed with the case immediately averages showed a decline, Indus-land present it to a Grand Jury trials changing 2.32 to 57.58. The with a view to pressing for an downward trend was less marked early trial.

in rails, which fell 1.47 to 27.45

When he resigned the Chair- while utilities declined 1.28 tomanship of the National City 21.50.

Bank of New York, Mr. Mitchell Bonds" showed more strength, said that he was unwilling that falling only .61 to 76.97.-Reuter. the criticism, directed against)

LOCAL DOLLAR STEADY.

Pound Falls As Silver Rises.

+

The local dollar remains quoted at 1/34.

him as a result of public mis- understanding of the testimony given in the es parte hearings be. fore the Senate Committee on Banking and Currency, should

Reuter. react upon the Bank,

BRIGHT TRADING ON LONDON MARKET

London, To-day,

Silver prices, both spot and for- Ward, have risen 3/16, being quot- Conditions continued cheerful

-even ignoring the factor of Ex- change which, in itself, would jus- tify an increase the fees be in- creased from $2,000 to $3,000 per annum as from January 1, 1938. (Continued on Page 5.)

ECONOMICS IN THE EMPIRE.

Committee's Report Nears Completion.

The

London, To-day. Dominions' Secretary,

Mr. J. H. Thomas in the House of Contmens yesterday stated that the Imperial Committee on economic consultation.and co- operation hoped to complete their report by the end of this month, which was two months earlier than was suggested at the Oltawa Conference-Bri- tish Wireless Service.

ARMS EMBARGO QUESTION STILL UNSETTLED

London, To-day, Asked if he could define the re- ed this morning at 17 7/16, and on the London Stock Exchange spective positions of the countries 17%, respectively.

yesterday, although there was consulted in connection with the The Fedoral· Reserva Bank havai Cross rates prices were this some profit taking towards the arms embargo negotiations, Mr. appointed Conservators of nine morning -G8$421⁄4, and #G48.42%, close.

Stanley Baldwin in the House of member banks in the State of for the London on New York, and| British funds finished best, Commons yesterday said that the Maryland, three in West Virginia New York on London rades, res-with war loan, 3 per cent, at matter was still under discussion and two in North Carolina-Ben-pectively, as compared with #-G$8.- 100 15/16--Brkish Wireless and he could not make any slate-

Service. 144%, and B-G$8:44, yesterday,

ment-British Wireless Service,