1933-05-11 — Page 1

BRITISH EMPIRE FAIR

SEE THE BRITISH

BEDFORD

FOR ECONOMICAL

TRANSPORT.

THE HONGKONG- HOTEL. GARAGE.

Stubbs Rd. 'Phone 23124.

The dollar, on demand, closed o-day at 1/4 18:

FINAL EDITIO Court

Library,

China Mail

BEDFORD

Est. 1845.

MADE DE

ENGLAND.

THE OLDEST ESTABLISHED NEWSPAPER IN THE FAR EAST

No. 28,413

HONG KONG, THURSDAY, MAY 11, 1933. ·

Est. 1845.

PRICE $3.00 Per Month.

GENTLEMEN'S HIGH GRADE

OUTFITTING

AT HOME PRICES

BERNARDS' OF HARWICH

· CHATER ROAD, HONG KONG.

BRITAIN EXTENDS HER MARKETS IN ARGENTINE AND DENMARK

U.S. SENATE

ADOPTS FARM

RELIEF BILL

Agricultural Prices To

Be Raised.

G$2,000,000,000 FOR FARM MORTGAGES

Washington, To-day.

The United States Senate yester- day finally adopted the Farm Re- lief Bill, including the inflation amendment authorising President Roosevelt to reduce the gold con- tent of the dollar or to order a large expansion of currency.

The Bill has been sent to Presi- dent Roosevelt for approval.

Mr. Henry A. Wallace, of lown, Secretary of Agri- culture.

BRITAIN'S NEW TRADE

AGREEMENTS

PACTS WITH ARGENTINA

AND DENMARK

OVER £500,000,000 INVESTED IN RAILWAYS IN THE ARGENTINE

LONDON, TODAY.

THE TRADE AGREEMENTS RECENTLY SIGNED WITH ARGENTINA AND DENMARK WERE DISCUSSED IN THE HOUSE OF COMMONS YESTERDAY. THE PRESIDENT OF BOARD OF TRADE, MR. WALTER RUNCIMAN, SAID THAT THE AGREEMENTS WERE WITH COUNTRIES WHICH HAD BEEN IN CLOSE COMMERCIAL ALLIANCE WITH BRITAIN FOR A VERY LONG TIME.

In Argentina, nearly all great developments of docks, har bours, railways and roads had been done out of facilities provided by Britain. The total amount invested in providing the Argentine with railways was estimated to be over £500,000,000, there being no investment with outside countries comparable with this within the experience of modern industry.

In the case of Denmark, a very large amount of industrial pros- perity had der ended not so much on British enterprise as upon Danish enterprise in British markets. The balance of trade had for the last 20 years been preponderatingly on the side of Denmark.

In 1930, imports from Denmark toms duties, to revert in genera! exceeded the exports to Denmark, to the rates of duty and valuation five times. Following the exhibi- of duty of such goods in force in

1930.

Discussions were to be continu-

Mr. Runciman pointed out as a

JAPANESE

PLANE FLIES

OVER PEKING

No Positive Identification Of Strange Machine.

ALARM AT EARLY MORNING FLIGHT AT 6,000 FEET

Peking, May 11.

Alarm was caused among Chin- ese when a large plane made an ap- pearance over Peking at 5.20 this morning, most observers ni jumping

to the conclusion that it was a Ja-

panese bombing plane.

After passing over the Temple of

Heaven, the plane skirted the south- eastern section of the city and final-

P., paid an official visit to H. M.ly disappeared in a northerly direc

The First Lord of the Admiralty, Sir Bolton Eyres Monsell, M. Frobisher, the Cadet Training Cruiser after her first cruise with naval candeia-Sir Bolton Eyres Monsell, (second from right with Capt. H. A. Forster, M. V. Ing the ship. (SÁŘ G)

U.S. APPROVES

FORMULA FOR

TARIFF TRUCE

Conference Organising

A new clause for the Inflation tion of British goods in Copenhagen, Bill permits President Roosevelt the ratio was reduced in 1932, to eu in Argentina. to accept $200,000,000 in silver four to one, but that did not go

far as part payment of war debts, in-

remarkable fact, that no less than MEETS jenough. stead of the $100,000,000 origin-

Denniark had now under 99 per cent.of the chilled. beef ally proposed

taken to increase the purchase of exported From Argentina came to coal to reduce the 1933-34 level. Britain. They had to bear in raising the percentage of British mind in dealing with Argentina.- coal imported by Denmark froin British Wireless Service. 68 per cent. of the total to RG per cent, which represented

The Farm Reller Bill also empowers the Secretary of Agriculture to try to raise agricultural prices to the averave level of 1909-14, for wheat, corn. cotton, rice and dairy produce and to the average level of 1909-14, for tobacco, hy Laxing "proces- sors such as millers, spin- ners, weavers and refiners. Revenue from this source will

an in

Denmark had now under-

(Continued on Page 7.):

crease of 1,350,000 tons. OFFICER'S DEATH

ON "DISCOVERY"

took that coke purchases should

not fall below the recent level

Regarding iron and steel as the outstanding feature of the in- creased trade Mr. Runcimân cited

be handed over to the farmers the order for the Storstrom

Official Statement In The Commons.

Committee.

TO-DAY 10 ENDORSE DRAFT PROM?

London, To-day, The Organising Committee of the World Economic 'Con-

ference is expected to meet here to-day to endorse the

British formula for a tariff ́ truce.>>

* The formula, which was drafted by. Mr. Norman Davis, the United States envoy in London, Sir John

make up the difference between Bridge, and mentioned a general "LOST OVERBOARD, PRESUMED Simon and Mr. Walter Runciman, the prezent and pre-war prices.

The Bill also authorises a com-

understanding that for Govern-

ment and municipal purposes, the

pensatory taxation on competing first offer of orders of iron and products, including imports, al-steel should be made to United though President Roosevelt is Kingdom firms, coupled, in the understood to have opposed the

DROWNED"

taxing of imports during the case of the Government with a for Overseas Trade, in the House of

tariff truce.

The Bill provides for the re-financing of farm mort gages through a $2,000,000,- 000 bond issue on Govern- ment and land banks. Reuter.

STOCKS RALLY ON WALL STREET

Allied Chemical & Dye Up $5-3-8.

price preference of 10 per cent.

On the other side, Eritain had given an undertaking re- garding Danish bacon and ham. The agreement had achieved something in the way of security for the future,

ARGENTINE PROBLEM.

London, To-day. Colonel D. J. Colville, Secretary

Commons yesterday, said that the inquiry into the cause of the death of the late Captain Carey of the "Discovery" was held under the section of the Merchant Shipping Act under which the mercantile marine officers Superintendent at the port of discharge is required to

An entirely different set of pro- blems presented themselves in verify the statement in the log as regard to Argentina, where, un- to the cause of death.

like Denmark, tariffs were high, Inquiries of this kind were not and attempts had been made to open to the public.

The

secure a reduction in duties im- ported under their tariffs. Z

President of the Board of Trade, has been approved by America.

It is understood that it smooths out certain difficulties in connection with the British

P... watching the cadets clean-

BRITAIN'S TRADE FIGURES PURGING

SHOW DECLINE

Heavy Drop In Imports And Exports During 1933

London, To-day. British imports: during April totalled £515,100, and exports re- exported £3,030,000...

For the past four months im- ports totalled £210,079,000 **-against- -£246,960,000 last year; exporta, £116,115,000 18 against £127,118,000, End ro-exports, 216.172,000 2 against £20,757,000. -British Wireless Service,

CLERK ROBBED BY

2 EUROPEANS

Hold-Up At St. John's

Cathedral.

LITERATURE

IN GERMANY

Bonfire Of Un-German' Books.

CARICATURES OF JEWS

Berlin, To-day. Huge crowds assembled in the Opera Square here, last night to watch the giant bonfire of "un-Ger- man" books, staged by the Nazis. in pursuance of the campaign for purging German literature.

Uniformed students éscorted van- floads of doomed books which were POLICE INVESTIGATE REPORT accompanied by caricatures of Jews, including a bust of Dr.

A hold-up by two Europeans Magnus Hirschfeld, known world- is alleged in a local resident's wide for his works on sexual pay report to the Police.

chology,

Frank Lopez, a clerk, employed by }

Mesars, Keller Kern & Co., residing As the books were consigned

at Savarin House, Kowloon, report-} ed to the Police, that at 6.30 p.m. yesterday, when he was wailing at

:

to the flames, the names of the authors were read out amid cheers.

contention that the truce should not interfere with eur-Battery Path, he was accosted by a A similar literary "autodate" Chinese, who said something which was held at Frankfort-On-Main, be- was unintelligible to him.

rent British trade negotia- tions. Reuter.

EIGHT AMBASSADORS ON. COMMITTEE.

fore a crowd of 15,000 spectators. The Chinese then led the way to al spot near St. John's Cathedral, Reuter. where two Europeans dressed in Groups of students raided the Bor-

raincoats were waiting. One of in public libraries on Friday at the Europeans had his hand in his carrying off hundreds of works, and Many other pictures in motor-cars. London, To-day.

pocket. Mr. Lopez became alarm-libraries were purged during the Notification of the United States ed; and handed over to the men his week-end but private libraries were Government's endorsement of the wallet containing one 10-dollar note, not touched. British formula for a tariff trucs and also two silver dollars; all the The campaign was conducted main

against Professor Hirchfeld's money he had in his possession at superintendent confirmed

"Sexual Institute,"

which Nazi has now been received.

the time

Brownshirts occupied following, the Under the financial section of the log entry, "Lost overboard, pre-

The formula will be submitted. The men then took his gold ring raid. the Argentina agreement, there had sumed drowned." It was surmis been sent here about £1,250,000 to ed that Captain Carey, who was for the approval of the Organising off his finger, and told him to go away. He did so in the direction New York; To-day, liquify small transactions. Boruffering from a nervous break Committee of the World Economic of Garden Road, and has not seen Silver ruled steadler on the New youd that total, the amount still down, left his cabin in the early Conference which meets in London the men since. York Stock Exchange yesterday, due should be ifquified through the morning in a dazed condition, and as soon as possible. and market prices in general show process of bonds issued on secur fell overboard-British Wireless ed substantial advances. Bustness ity of the Argentina Government,

EUROPE SELLS SILVER

improved appreciably, 8,820,000 to be placed in hands of represen- Service.

shares being dealt in.

In their daily report,

tative authorities here and “used:

Messrs. by them for the provision of cash AVERTING A CRISIS E. A. Plerce and Company, through jin, sterling in the placa of frozen

their local correspondents, Mesars Aela Lands, Ltd., state?

"The market demonstrated what

poper.

This meant the liqullying of about £10,000,000. Having once has been indicated during the past started this process of liquifying three days, namely, the absence of active liquidation. We think that cash which had been frozen under new high levels should be registered the example would be followed-

exchange restriction, they hoped definitely by Industrial shares, with

elsewhere, and everything would

A better than ever, chance of post-

tive confirmation as regards ralla, be done on Beliain's part to faci

"Cotton ruled "strong on the

Senate passing the Farm Relief Bill

late similar transactions, e

Regarding a possible reduction

and also on beller in the better of tariffa, representativas ment of general business bare,gentina had underta

"Europe sold allver but the regard to good on

rket appeared to be able to

take, It In-an-orderly manner,

except at the'

by months sašid off.

Continued on Pads IE.)

alantial proportion

Argentinawa United Kingdo

which prop

ted to them for

IN BELGIUM.

Emergency Powers For Government.

sels, To-day. A Bill to grant emergency/ powers to the Belgian Gov. was adopted, yester-

by a which

Sir John Simon la the Chairman,

and the meeting will be attended

LOPEZ NOW UNCERTAIN

IN HIS STATEMENTS

NAZI DELEGATE IN LONDON,

Interview With Foreign

Secretary

tion.

During its fight the plant re |mained at a height of 6,000 feet and It was impossible to distinguish any markings.

Foreign military observers were of the opinion that the machine was of the bomber

positive

type and Garrison Headquar- ters, while unable to make a statement on 'the [point, considered there wAS little doubt the visitor was a Japanese machine.

Many rumours are circulating and the sky is being scanned for other planes-Renter.

CHINESE FIRE AT PLANE.

Machine Was Definitely. Japanese.

Peking, Later.

There is little doubt that the plane which flew over Peking at. 6.20, this morning was a Japanese machine.

Later inquiries also established that the City defences opened fire on the plane with machine, guns, but without effect· PA-spokesman of the Japanese Legation, when interviewed, sald that he had no comment to offer..

-Reuter,

CHINESE ADMIT CHANGLI'S FALL.

Japanese Preparations Along Great Wall.

Peking, To-day. Chinese circles confirm the loss of Changli

**** Chinese messages report ex- tensive Japanese preparations on the whole extent of the "Great Wall and the extension

of operations is expected. Revier,

GERMAN PRINCE'S

ROMANCES

On investigations being made by by the Ambassadors of the eight

the Police into the report of Mr. FRANK EXCHANGE OF VIEWS Wedding Postponement. Powers represented on the commit Frank Lopez, the Police state that tee. The formula is the outcome Mr. Lopez, is now uncertain of the of the conversations in Loudon be-events ha allager to have taken tween the British Ministers, and place. Mr. Norman Davis, United States

| London, To-day.

Bir John Simon, questioned in

The the House of Commons yesterday, day next un

Cologne, To-Day” sement from Tu

sometime

between Pri Special Envoy British Wireless SHING MUN DAM regard to Dr. Rosenberg's of the marri

visit, said: "The German Embassy Wilhelm Fred requested that this gentleman then You Balvaiti, RDD to be should be received at the Foreign due to the [Offica

Servic

BRITAIN DESIRES REDUCTION

Local Company Given Cement Contract

hind

The Permanent Under oldest brother to attend If the cere saw him on Monday, and many is held in the present month. conversation with him out