1933-06-17 — Page 1

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China Mail

Est. 1845.

THE OLDEST - ESTABLISHED NEWSRAPER IN THE FAR EAST

́ ́Est. 1843.

Stubbe Road, Happy Valley.

MACK IN SMELA NO

No. 28445

HONG KONG, SATURDAY, JUNE 17, 1933.

BERNARDS OF HARWICH

GENTLEMEN'S OUTFITTERS

PIONEERS OF Quality Goods at Reasonable prices.

CHATER ROAD, HONG KONG

$800,000 BUILDING

SUSSEX FAIL

BEFORE ESSEX

LONG TERM LOANS TO FOREIGN COUNTRIES DISCOURAGED

FAST BOWLING Mr. Chamberlain's Appeal To

Nichols And Daer Bowl

Unchanged.

HAMMOND AND HEADLEY SCORE DOUBLE CENTURIES

Century To Jack Hobbs

London, To-day,

Two collapses before fast bowling has caused Sussex to be 32 points behind Yorkshire in the County Cricket Championship table and they have the advantage of having played two additional games.

crowd to A

British Financiers

London, To-day- The Chancellor of the Ex- chequer, Mr. Neville Chamberlain, in a letter in the Secretary of the London Stock Exchange and to the leading banks and financial bourer, states that Britain is

not in his

judgment, at present in a position to invest large sums at long term in foreign countries, and he requests those to whom his appeal is addressed, to assint him in discouraging such trans- actions.British Wireless Service.

R.A.F. DISPLAY

AT HENDON

The World's Fastest Military Aircraft.

FEATURES OF PROMINENT. EXHIBITS

OF 112

PRICE $3.00 Per Month.

FLATS PLANNED FOR KOWLOON

41 NATIONS AGREE

TO TARIFF TRUCE

BANKERS NEGOTIATE FOR CURRENCY TRUCE

MONETARY COMMISSION DIVIDED

INTO TWO SUB-COMMITTEES -

LONDON, TO-DAY.

IT IS ANNOUNCED THAT 41 NATIONS HAVE NOW SIGNIFIED THEIR ADHESION TO THE TEMPORARY TARIFF TRUCE FOR THE DURATION OF THE WORLD ECONOMIC CONFERENCE.. THESE NATIONS REPRESENT AMONG THEM APPROXIMATELY 80 PER CENT. OF THE WORLD'S TRADE.

Conversations were continued in London, yesterday, between representatives of the three central banks and of Treasury officials of Britain, France and the United States. Newspapers state that the possibility of reaching a temporary measure of currency stabilisation, as complementary to the tariff truce, which holds during the progress of the World Economic Conference, waS plored.

ex-

The agenda for the monetary Commission demands sub-division of the work and the appointment of two sub-committees to consider various aspects of the financial and banking problems is recommend ed.---Reuter & British Wireless Service.

1

A Happy Augury.”

UNANIMITY ON MONETARY

COMMISSION.

London, To-day.

30,000,000 Jobless.

Scenes in the Free City of Danzig where a remarkable state of affairs has arisen-A Polish Marine Patrol protected by Danzig Police. The Polish Patrols are to protect if neces sary Polish subjects who are only 3 per cent. of the popula tion, but Danzigers think it more necessary to protect the Polish patrols, against provocations. No Polish soldiers are permitted in Danzig by the Treaty-(S. & G.)

SLIGHT RALLY

IN STOCKS ON

WALL STREET

Slump Halted In Industrials.

SILVER PRICES HOLD FIRM

LIMITING WHEAT PRODUCTION

Tax Levied By U.S. Government.

Á 20 PER CENT REDUCTION IN ACREAGE

Washington, To-day."

A maximum processing tax on, wheat amounting to about 30 cents is to be levied in the United States

MALAGUNA MANSIONS

{DEVELOPMENT

OF CHATHAM

ROAD SITE

Co-operative Scheme Announced,

OWNERSHIP AFTER 12 YEARS TENANCY

"Own your own flat"- is the slogan of the Perpetual Trust Com- pany which is to commence build- ing operations early next month on what will be the largest block of flats in the Colony.

The Company has acquired the large plot of ground bordering Chatham Road and Carnarvon Road, Kowloon, where it is to

raise a 7-storey building contain- ing 112 flats. It is hoped to complete the building within 15 months from the date of start- ing, at an estimated cost of

$800,000.

It is the intention of the Company to offer the flats at- an average rental of $130, and to launch a co-operative scheme whereby the tenant will become the owner of his dat within 12 years.

Yesterday Nichols (10 for 104) and A. G. Daer (9 for 75) were largely responsible for a surprise Essex win over the most formidable southern county. This was the se-i cond defeat experienced by Sussex, Middlesex having won at Lord's. Essex are now third in the table.

London, To-day. Jack Hobbs revealed that hel

Among the machines in the Ro- is by no means the batsman of yal Air Force display to be held on the past when he treated the Oval June 24, will be two standard types glorious century of military aircraft fitted with en- against Warwickshire. It waal

gines consuming heavy oil which ,his second of the season and en- abled Surrey to secure the major is less inflammable, cheaper and

DEPRESSION EFFECTS. points. Sharing with Yorkshire less bulky than petrol. It's advo the distinction of not having cates believe that the introduction

The disastrous effects of the de- been beaten, Surrey have secured of Diesel engines will mark a re

New York, To-day. first innings points on six occa volution in aviation.

pression have been presented to the

This co-operative scheme is the sions in their eight matches. One of the machines is fitted

The Committes of the Monetary World Economic Confercice day Following Thursday's slump,

idea of Mr. A. Castle, Manager stocks, bonds and commodities ni-

of the Perpetual, Trust Company, Wally Hammond, the Test hero, with a Rolls Royce water-cooled and Fiscal Commission of the gates by the Economic experts who ed steadier on the New York Ex

Mr. Castle, iman interview with. played a characteristic knock for engine, and is the first Diesel World Economic Conference, yes- prepared the agenda. The world 239, scored out of 529, against acro engine to pass the

change, yesterday. Industrial and Wallace Secretary of Agri-

culture, announced the tax yester-said that the scheme was receiv China -Mail ** representative, Glamorgan, while George Headley, Ministry type test involving 50 commend to the Plenary Commis

Air terday afternoon decided to re-charts show:-

utility averages made a slight rally. day, and stated that it had been ing very good support and its 1. More than 30,000,000 persons- the "Black Bradman" of the

in the world without work, affect advancing .35 and .09 to 89.22 and imposed in order to finance the pro-success was assured. hours full-throttle running. touring West Indian cleven, The quer machine has an air sion on Monday, the creation of ing nearly 75,000,000 dependents: 33.03 respectively, while rail and gramme for the reduction of wheat The scheme, which is now re- recorded his second double cooled British Phoenix engine, two sub-committees, one on imme- 2. A drop of between 50 and 60 bond averages declined 24 and 27 acreage and to provide benefits eelving final consideration before. when the most powerful of its kind in diate measures of financial recon- per cent. in raw material prices to 41.17 and 84.07 respectively. totalling G$150,000,000 which are an official statement is made,

the world. Although weighing struction, and the other

3. A decline of approximately

to be paid to farmers during this asks for the deposit of $2,600 by: Trading was brisk, 5,710,000| only 980 pounds complete, it pro-manent measures for the re-estab-dity prices.

33 per cent. in wholesale commu- shares were being dealt in. {year,

each tenant, and an inclusive ren- duces 380 horse-power.

The wheat In their daily report, Messrs.

programme will

tal of $130 per month. After The Wapitte machine in which lishment of an international mone- 4. Huge accumulations of un-E. A. Pierce & Company, through

cover three years, pending the

the completion of 12 years the outcome marketable agricultural products. their local correspondents, Mesers.

of the Wheat Con- this engine is fitted, has climbed tary standard.

flat will become the property of ito over 16,000 feet and the en-

5. Disastrous declines in in Asia Lands, Ltd, state:-

ference in London which is con- The first commission will condustrial production, in some cases

the tenant, who will then only gine has been run for over 180 sider questions of credit policy, to 10 per cent of normal capacity. mediate

"The market attempted an inter

temporary with the World

be obliged to pay the usual taxes Economic Conference. Essex beat Sussex by 294 runs at hours.

rally price levels, limitation of currency,

this afternoon Another prominent exhibit in fluctuations,

and extras, amounting to some Horsham.

It is understood that, the per-$15 per month. 6. A fall in world trade of ap: which, we think, was exchange controls, the display, which, as usual, will problems of exchange and the re- to 1929.

proximately 70 per cent compared together convincing. There is un-age does not exceed 20 per cent

not al centage of reduction in wheat acre- Actually the tenant will be 297 for 6 dec., (Cutmore 117). afford a striking demonstration sumption of lending.

doubtedly an active demand for Sussex 150 (Nichols & for 67, Aof the progress of aviation re-

come a share-holder of the build- 7. Reduction of national in-stocks on a scale down and good processing tax will operate after formed into a Company.

It is unofficially reported that the ing, and the 112 ants will be The second commission will con-comes by about 40 per cent... search, is a short six-engined sider the functions of the Central

buying power underneath. 8. Abandonment of the gold ever, for the present, we would not dying boat weighing 33 tons, the

How August 8-Reuter. bank, co-ordination of their standard by more than half the be inclined to follow up the at- largest military aircraft in the world,

policies, monetary reserves and countries of the world.

tempts at rallies, silver.

century of the season he scored 200 not out in

(Continued on Page 14)

Results as cabled by Reuter:

Middlesex beat Somerset by

wickets at Lord's.

Somerset 253 and 94.

- Middlesex 206 and 82 for 2.

Eesex 259 (Cornford 6 for 66).

G. Daer 4 for 36).

8!

112 (Nichols 5 for 37, A., G. Daer 5 for 39). Notle heat Hampshire by 8 wie. kela at Trent Bridge.

The world's fastest military Hanta 254 and 106 (Staples (S) 6'aircraft will be seen in the modi-

for 28).

ified Hawker Fury aeroplanes, ~. Notts 302 for 9 die,, and 59 for 2. capable of over 260 miles per Surrey took first innings points hour. — British Wireless Service.

from Warwickshire at the Oval. Warwick 401 and 167 for 2.

Gloucester

Surrey 457 (Hobbs 100).

look first innings points from Glamorgan at Glon- cester, Gloucester 529 (Hammond 239),

104 for 1 dec. Glamorgan 454 (M. J. Turnbull} 122, Duckfield 128 not out).

63 for 3 wickets.

Lancashire secured first Innings points from Kent at Tonbridge.

BOY FALLS FROM MAST.

Drops Into Sulphuric Acid Vat.

on per-

Governor J. Cox (United States), Chairman of the Com mittee, welcomed the unanim- ous agreement reached as a happy augury,

The Committee also decided on the suggestion of Dr. Kienbock (Austria) and the Chairman, to Invite the President of the Bank of

International Settlements, Mr. Leon Fraser, and representatives of the Financial Committee of the League of Nations, now in Lon- don,_to_co-operate with the Com

TERRIBLE INJURIES

Chan Chal-ping, a Chinese boy mittee. working on the s.5. Chin Hus, while climbing-the rear mast yesterday,

Rapid Action Urged.

9. Erection of tariff walis, ex- change controls and similar arti-: ficial measures in all countries to fan extent virtually strangling world

commerce.

U.S. PUBLIC WORKS PROGRAMME.

· G$3,162,000,000 Bill Signed.

Washington, To-day. President Roosevelt, yes-- terday signed the Appro priation Bill

"Wheat: The market was er- ratic, the early weakness be ing attributed to process tax talk and currency stabilisation. The market rallied later on re. ports of excessive heat in the North West.

..

"Cotton: The market closed a quarter of a cent net higher, with

LESLIE'S GOOD TURN

FOR DODGERS

Cubs Beat Pirates In Curtailed Card.

New York, To-day.""" Traded by the Giants on Thurs-

the bulk of demand coming from day for Clark and O'Donl, Leslie Trade. Secretary of Agriculture, banged out a homer for Brooklyn Mr. Wallace statement regarding Dodgers against the Giants yester acreage and the process tax is ex- day. pected. to-morrow.

His effort was largely respon-] "Silver: Prices held firm, except |aible for the defeat of the "Gianta" for a short period in mid-session by a 3 to 1 tally, when speculative selling uncover- support from foreign accounts."

Chicago Cuba won the only

the

Malaguna Manstons. Malaguna Mansions, as building is to be styled, covers an area of over 70,000 square feet with a frontage of 305 feet facing Chatham Road,

(Continued on Page 4)

MOTOR-CYCLISTS “DERBY”

British Riders Win All Prizes.

NEW RECORDS ESTABLISHED

London, To-day... Stanley Woods; who on Monday

Lance 321 (Hepwood 119, Iddon was thrown off his balance by aagenda for the Conference tug-passed the Appropriation Bill fored stop-orders, There was good/other major league game played on the Junior Tourist Trophy

182, Freeman 7 for 114)

168 for dec,

Kent 203 and 115 for 1

The committee of experte draft The United States Senate finally lurch of the ship, and fell into a gested rapid and effective action President Roosevelt's Public Works vat of sulphuric acid, which was on the following four problems programme and the Muscle Shoala being carried as deck cargo. Worcester took first innings He was extricated in a terrible tive international monetary stan

1. The restoration of an effec. and Tennessee Valley development ACROSS AMERICA IN points from Leicester at Leicester, condition, suffering from severe anrd.

scheme, on Thursday Leicester 851 for 9 dec, and 228 scalds, and was rushed to the Kow-

loon Hospital.

2. Increase of world price { levels by policies of "easy money" and regulated, production of pri-

(Perks 6 for 60).

Worcester 427 (Gibbons 185, No-

chal 111):

50 for no wicket.

Derbyshire drew with the West

Indies at Derby,

West Indies 281 and 346 for B dec.,

(G. Headley 200 not out).

Derby. 819 and 125 for 5.

His condition is serious.

TREASURY TENDERS mary commodities.

3. Abolition of exchange res- OVER-SUBSCRIBED.trictions to allow free flow of

£47,000,000 Allotted.

London, To-day. Yorkshire beat Northants by an Yesterday's tendera for 280,000,

EARLIER RESULT.DE/

capital.

innings and 206 runs at Kettering, 000 Treasury Billa, were oversub Unless simultaneous action is

Northants: 27 (Macaulay 7 for scribed. The amount alloted was

98

£47,000,000

68 (Bowes 4 for 20, Macaulay For three months' Bills, the aver-

4-for-25)

age rate per cent, was 10/10.94, with Yorkshire: 301 (Sutcliffe 113, 7/0.801d. for the previous Friday,

V. W. C. Jupp B for 99). British Wireless Service.

.... 4. Bemoval of excessive tariff harriers and abolition of all "arti- ficial restraints to world trade, such as contingents and quotas,

taken in all four felds there can be no general return to prosper. Ity, the experts found. Their re- commendations will serve as the framework for the discussions British Wireless Service,

The total amount involved: Is G$3,612,000,000-Renter,

WAR DEBTS.

Czecho-Slovakia Pays

In Silver,

Washington, To-day, Czecho-Slovakia's "war" debt -token payment of G$180,000

has been received in New, York in silver.--Reuter.

HARVARD EIGHT-BEAT TALE:

211⁄2 HOURS.

Fast Air Services From New York.

when they beat Pittsburgh Pirates

motor-cycle race in the Isle of by 9 to 1 De Marce hit a four race, for machines of 500 e.e. mazi- Man, yesterday, won the Senior bagger, for the Cuba

m engine capacity, Woods won the same double

of two matches--Boston v, Phila honours last. Yale machine

Esin caused the abandonment

delphia Phillies in the National Detroit Tigers in the American League, and Cleveland Indiana V.

League.

Results as cabled by Reuter:

National League,

San Francisco, ":: The United Air Lines have In- augurated regular 24-hour service Brooklyn between New York and Ben Fran- Leslie hit a homer, cisco, running, the world's fastest | New York airplane schedule with multi-day motored planCL

Piltsburgh

The first plane arrived in San | Chicago Francisco ahead of schedule, land- De Mared. ing from New York in 211⁄2 hours.

Para 9,)

was a Norton.

in the race over the mountain, Twenty-nine riders, competed

course, a total distance ~ of 260 miles, Foreign competitors were outclassed. [Woods, led throughout and Finished in 3 hours 15 minutes" 35-seconds, averaging 81.04 miles per hour

JH.Simpson, on a Norton was scoond, averaging 80.01 m.ph., and Percy Hunt on a Norton, was third at 79.49 m.p.h

The lap record was broken New London, To-day. Ten passengers made the trip..

three times during the race, and Harvard University defeated Yale. The schedule provided for the Fair to showay with moderate is now held by Woods

soutis winds, is the weather forecast) University in the unual Bork Race fight from New York to Chicago famed by the Royal Observatory milles an hour. Briti yesterday--Rente

in 4 hours and 45 minutes.

less Service

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