1933-06-09 — Page 1

The

new

BEDFORD

TRUCK

THE

The dollar, on demand, closed

to-day at 1/4 1-2.

INAL EDITION

Cou

China Mail

HONG KONG HOTEL

GARAGE

Est. 1845.

No. 28,438

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

HONG KONG, FRIDAY, JUNE 9, 1933.

Est. 1945.

BERNARDS OF HARWICH,

FOR

CONSULATE SHIRTS & PFJAMÁS: LILLEY & SKINNER FOOTWEAR ROLLS RAZORS WOLSETSY KNITWEAR : MACCLESFIELD SILK, NECKTIES: MOORES FELT HATS.

CHATER ROAD,

HONG KONG

PRICE $3.00 Per Month.

GERMANY'S MORATORIUM ON CREDITS GIVEN BEFORE

ARMOUR'S

AMAZING GOLF

IN US. OPEN

Breaks Course Record

With 68.

SARAZEN NOW THIRD

Glenville, Ill., To-day. Playing superb golf yesterday Tommy Armour, the former British player. returned a record breaking card of 68 to lead the field in the first 18 holes of the American.

Open Golf Championship. A'ati wind troubled the players who competed in a broiling run at 90 degrees.

Gene Sarazen, the holder, re- turned a 74 to tie for third place, while Walter Hagen was second with a 73.

Tommy Armour's amazing card was as follows:

First Nine-

44

Par + 5 3 Secoad Nine-

Par

3 A 5 3 4-34 4 4 4 3 4-36

4 4 4 3 4 5 3 3 4-34 $ 4 5 3 4 5 3 4 4-96 Walter Hagen, McCarthy, Neil White, Revolta Cluci and Craig Wood tied for second place with 73.

WAR DEBT DISCUSSION IN WASHINGTON

President Roosevelt Sees British Ambassador

Washington, To-day- President Roosevelt and the British Ambassador Sir Ronald Lindsay met yesterday afternoon to discuss the war debts qucation.

President Roosevelt yesterday

issued new statement expressing his readiness to receive any official

request for war debt revision, stat- ing that the nations concerned must make the first step.-Reuter.

FOUR POWER PACT EXPLAINED

NO PREPONDERANCE

IN EUROPE

BRITAIN NOT BOUND TO EXTEND HER OBLIGATIONS

LONDON, TO-DAY.

BRITAIN'S ADHERENCE TO THE FOUR POWER PACT DOES NOT IMPLY THE EXTENSION OF BRITAIN'S OBLI-

GREECE BEATEN GATIONS IN EUROPEAN AFFAIRS. THIS WAS MADE

IN DAVIS CUP

جعبه

CLEAR IN A DESPATCH FROM THE FOREIGN SECRETARY, SIR JOHN SIMON, TO SIR RONALD GRAHAM, BRITISH AM- BASSADOR TO ROME, AUTHORISING THE INITIALLING OF

Czecho Slovakia EnterTHE PACT.

Semi-Final.

The dispatch, which was published last night, underlines the point made by Signor Mussolini on Wednesday, that the Pact is PERRY AND AUSTIN WIN IN States or to establish a European directory,

not an attempt by the four Powers to impose their will on other STRAIGHT SETS

London, To-day. Greal Britain, leading Italy by two matches to nii, will probably meet Czecho Slovakia in the Semi-Final Round of the European Zone of the Davis Cup.

Yesterday Greece was elimin- aled by a 3-0 margin and Perry and Austin recorded straight sets Gene Sarazen, Maya, Creavy.wins over their Italian rivals. Laffoon, Joe Kirkwood and Willcox | tied for third place with 74.

Over a dozen players return- ed cards of 75, among what were Johnny Farrell, Goodman, Crickshank, Olin Dutra, Hor. ton Smith and Runyan.

T. P. Perkins, the trunt, Don Moreland, Abe Espinosa { and Shate returned cards of 76.

British

ca-

IT WAS NEVER THE INTENTION TO ATTEMPT TO ESTABLISH A SPECIES OF HEGEMONY IN EUROPEAN AFFAIRS, THE DESPATCH STATES.

The despatch from the Foreign, FRANCE'S NEEDS Secretary, to the British Ambassador

in Rome commenting on the aim

FOR SECURITY

Stated.

Berlin was en fete for Chancellor Adolf Hitler's birthday, the festivities beginning with a mass parade in front of the Prussian Home Office, followed by a Cathedral service. Dr. Goebbels, Min- ister of the Interior, leaving the Wilhelm in his left (S. & G.).

WALL STREET

SPECULATORS

UNCERTAIN

Reaction Fears Cause Profit-Taking.

Cathedral, with Prince August

CONFIDENCE IN

AMERICA

U.S. Treasury Issue Over - Subscribed.

Washington, To-day.

JULY 1931

PAYMENTS IN MARKS

NO FOREIGN

CURRENCY

PAYMENTS

Standstill Creditors To Meet On June 13.

GERMANY TO, BENEWT BY EXCHANGE

· Berlin, To-day.

A general moratorium has been declared on all credits given to Germany before July, 1931, be- cauze Dr. Schacht, President of the Reichsbank, declares, “Ger- many's present financial position was caused by the bank crisis of that date.”

Transfert will be made as far as possible, on credits granted to Ger- many after July, 1931.

The Dawes Young Plan loans will be suspended under the terms of the German transfer moratorium. The existing Stand- and purpose of the Four Power Minimum Requirements

still Agreements are at present Agreement of understanding and

unaffected, but Dr. Schacht, at co-operation," is included in a

the Standstill negotiations in SILVER HEAVILY SOLD

The United States. Treasury London next week, hopes to ob White Paper containing the text.

issue of notes and certificates tain some alleviation for Ger- The despatch states, "Through- Czecho Slovakia entered thre

New York, To-day.

totalling G$900,000,000 has been

The transfer moratorium Semi-Final Round of the Eurauhe negotiations we have

made it clear that the proposed!

There was an initial sharp ad five times over-subscribed, ac

does not mean the cessation penn Zone of the Davis Cup yesterday when her doubles

agreement should in no sense be The Three-Flower Conference is vance in silver on the New York cording to an announcement regarded as a substitute for, or believed to have achieved its ob-market yesterday, which attracted United States Treasury Secre made by Mr. William. H. Woodin, pair triumphed Over their Greek rivals in no uncertain

as set in opposition to, the Coven-

ject in enabling Britain and America heavy realising and bank selling for ant of the League. manner,

Prague, To-day.

Having secured a 2-0 lead on Wednesday Czecho Slovakia secur- Macdonald Smith returned a 77ed the doubles match against and Léo Diegel and Cooper she Grecce yesterday to qualify to meet 78's. Billy Burke bad a 79 and other Great Britain or Italy in the George Von Elm an 80.-Reuter, Semi Final.

Scores as embled by Reuter. Menzel and Marsalek (Czecho

GLOUCESTER

TRIUMPH OVER

GLAMORGAN

Goddard 12 For 90 And Parker 5 For 58.

BARNETT'S SECOND CENTURY

Lodon, To-day.

FRIENDLY THREE-POWER

CONFERENCE

Paris, To-day.

tary.

many.

of payments, in marks, of principal and interest, but merely the cessation of pay- ments in foreign currency. pay into

German private debtors must a special conversion fund at the Reichsbank, which promises to convert marks into The issue, announced on June 6 foreign currencies whenever the

to ascertain how little security the rest of the session. The bulk The subscriptions totalled over France requires in order to reduce her heavy land armaments.

of the demand came from specula-[G$5,000,000,000. The Americans and British, while tors.

"It is not a piece of rival or competing machinery, but is framed for the purpose of operating within the ambi. ion of the Covenant and in

not specifying the degree of control Industrial, and bond averages consists of some $500,000,000 Ave- German supply of foreign cur- fulfilment, of its object, and

they are prepared to subscribe, now showed a slight upward tendency, year 2% per cent. Treasury notes rencies warrant. to uphold the principles for know France's minimum require- but rail averages declined 49 to and about 400,000,000. nine-menth

The Gold Discount Bank re- which the League stands. ments. ---

43.04. Utility averages remained 8% per cent. certificates of in-discount credit of G$46,000,000 Methods and procedures

at A communique records the friend-junchanged Slovakin) heat Xydis and Nicolaides which may fall to be studied or ly exchange of views on the points again continued on a large scale, maturing debts, to pay interest on in July, when it is actually due,

34.22. Business debtedness, to be used to

will be paid back now, instead of meet 6-1, 6-1, 6-1.

adopted under the agreement, are reached in the Disarmament Con-16,630,000 shares being dealt in. the public debt and to provide funds in paper dollars, meaning a pro strictly in accordance with the ference laboura and on what re- in their daily report, Messrs. E for the industrial recovery profit of 30,000,000 Marks to Ger- beat spirit of the Covenant."

(mains to be done to ensure its suc-A. Pierce and Company, through gramme.-Beuter.

many at the present rate of the Sir John Simon also emphasises "Ceny.

their local correspondents, Messraj

dollar. Reuter. Asia Lands, Ltd., siste?--

"We think that more people look

Moratorium Not Yet for a reaction now than at any

In Force. time since the market soared up.

Earlier Results Siba (Czecho-Slovakin)- Nicolaides 6-3, 3-6, 6-2, 6-1.

Straight Sets Wins.

Eastbourne, Yesterday

opinion that the Four Power Pact has improved France Italian relations.

EUGENE CHEN FOR JAPAN ?

Menzel (Czecho-Slovakia). beat that the proposed agreement was Official circles are of the Stallos 6-2, 6-4, 9-7-Reuter, never intended to involve any at-)

tempt on the part of the Four Powers, if not to impose their will on other States at least to establish

The Three-Power Conference be. In other words, we believe that Soviet Receives News Of themselves as a kind of directory tween Great Britain, France and the there has been heavy profit-taking. in Europe. Such conception United States, was called as a result

a

both

A

Great Britain has secured commanding position over Italy in the quarter finals of the European would be entirely foreign to the of the deadlock on the major issues Brilliant bowling by Frank God- Zone of the Davie Cun. - Fred dard (12 for 90) and hurricane Perry and "Bunny" Austin principle of the Covenant which of the Disarmament Conference, an hitting by Barnett enabled Glouces- won their singles matches yester-recognises the equal rights of all States, just as in appropriate cases, tershire to record their third win in day in straight sets.

It requires their unanimity, nine games when they beat Glamor- gan by an innings at Portypridd.

Goddard, who at one time was a

Results as cabled by Reuter. Fred Perry (Britain) beat Mor- purgo 6-4, 7-5, 6-4.

Bunny Austin (Britain) beat fast bowler, was responsible for Stefani 6-2, 7-5, 7-5. the dismissal of the Welsh county

for totals of 129 and 114.

His

medium deliveries gave him Agures SCHMELING LOSES

of 7 for 48 and 5 for 42. Goddard's best feat prior to this was bis 6 for 71 against Kent

Charlie Parker, the veteran slow bowler, recorded his first bowling triumph of thè senson by, captur- ing 6 for 56 after bowling unchang- ed with Goddard.

Barnett, who scored a magnifi- cent 146 against Kent, registered

TO BAER

Heavyweight Bout In New York.

STOPPED IN TENTH ROUND

New York, To-day.

Wednesday.

Throughout yesterday, conversa- tions took place in Paris between

"We have been expecting a reaction for the past week and we have reached the singe where we think it is anybody's mere guess.

"There is plenty of bullish talk

"I have been at pains to explain the British, French and American regarding utilities particularly the attitude of His Majesty's representatives.

the issues of the eastern operating

Government in this matter, to re- The French Premier, Foreign companies. presentatives of other Powers and Premier, Foreign Minister and "Wheat sold higher early in the particularly to those of Belgium Naval Minister, Messrs. Daladier, session on bullish crop news but, and Poland and the Little Entente," Paul Boncour and Leygues, the in the afternoon, eased in sympathy Sir John Simon stated.

with the weakness of securities.

"By the form which the propos- ed agreement, has finally assumed, I am confident that any such errou cous impression will be completely jeradicated.

"In this connexion. I may refer in particular to the last Paragraph (Continued on Page 12.)

his second century of the season in Max Schmeling, the German EXTRA-TERRITORIAL

a big partnership with C. C. Dacre, heavyweight boxing champion who

the former New Zealand Test play. was robbed of the world title by a

er:

Glamorgan, who have yet to re- cord a win, have lost four of their seven matches,

doubtful points decision against Jack Sharkey, received another set- back yesterday when he was forced to retire in the tenth round of his 15-round bont with Max Baer.

JURISDICTION

(Continued on page 12) U.S. May Agree With France,

NO DEFINITE DECISION

REACHED IN PARIS-

Paris, later. The Three Power converan- tions here have not resulted in any definite decision even on principle according to a semi-

official statement issued, yes-"

The

Secret Mission.

Riga, To-day. Soviet Government

is reported to have received news that Mr. Eugene Chen has gone, secretly, to Japan from Shanghai, on an im. portant mission.

It is believed that Mr. Chen left yesterday aboard a Japanese steamer Reu- ter.

**Speculative ardour in cotton 148 REFUGEES FROM

[has been' ́ dampened by the absence, of definite news on the screage question. The trade absorbed the liquidation at the decline. The foreign markets have been weak." -Reuter.

SAILOR DIES FROM

SUNSTROKE,

MEXICO,

Chinese Deportees Return.

Shanghal, To-day. The sixth batch of Chinese rationals to expelled from Mexico, comprising 148 men, women and children, arrived here this morning

on board the President Coolidge,

The

Berlin, to-day. transfer moratorium comes into force on July 1.

Later. The transfer moratorium has not yet come into force, and needs im- plementing by a decree which is ex- pected to be issued to-day--Reu- ter:

Creditors To Meet In London.

Dr. Schacht announces that the Reichsbank has requested Ger-

many's long-term creditors as well

as the Bank of International Set- tlements, to attend the meeting of Standstill creditors, in London on Pune Renter

Germany Hopeful Of Concessions. OPPORTUNITY - PROVIDED FOR NEGOTIATION.

Berlin, To-day. on which they are salling to Hong Kong early to-morrow morning— moratorium will not operate until The reason that the transfer

July according to political cr cles here, is to give an opportunity

Leading-Cook F. N. Bunt Of HMS. Caradoc. Abolition Of Privilegesterday evening.

The statement. declares that Urged By China.

The death occurred yesterday Henter. France has given up the idea of ob morning at the Royal Naval Hos Reault as cabled by Reuter:

taining any fresh guarantees ofpital of Leading-Cook F. N, Bunt, JUNK SHIPWRECK SURVIVORS for reconsideration of the transfer Gloucester beat Glamorgan by an

The battle, which was to have.act

Geneva, To-day mutual assistance from other of B.M.B. Caradoc, from sunstroke.

*** problem in London next week, when innings and 89 runs at Fontypridded as an eliminating bout for the A draft resolution was yester Powers, but adheres to her ideas re-

Five Chinese, natives of Wen- Germany's creditors meet and the ́ ́ Deceased was buried at 8 am, this Glamorgan 129 (Goddard 7 for 48) motion of Jack Dempsey, former al Labour Conference, by two Bhe also asks for the publication Naval honours Fiage on His funk became waterlogged off the It is hoped that both the eredi world title, was under the pro-day presented to the Internation-garding control of armaments, morning at Happy Valley with full chow, were shipwrecked when their World Economic Conference" opens 114 (Goddard 5. for 42, Par-| world champion.

BMW Chinese Government delegates, of military badgets

Majesty & ships in the harbour were Chu Ban Archipelago. They were tora and the Conference will give ker B for 58).

Beer will probably meet the win-urging the abolition of extra. It is believed here that the ides down at half mast between 8 am, rescued by a Japanese motor launch, Germany auficient concessions to Gloucester 882 (Barnett 154, C. C.ner of the Sharkey-Carnera bout, territorial jurisdiction and simi- of control is making headway

Dacre 54),

and 9.ta. which takes place in New York on lar privileges, in countries where the Americans, but that Britain is Bunt leaves a wife at St. Ives in Hong Kong. The junk was shly-tic measures laid down in the mora- the Tauhuri Maru, and brought to eliminate the necessity of the dras- June 29--Renter.

they still exist. — Renter, still opposed to the idea-Reiter Cornwall.

wrecked on June Bea

torium--Renter:

(Tables on Page 12.)