1933-06-21 — Page 1

The dollar, on demand, closed

to-day at 1/4-3-4.

FINAL EDITION

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THE HONG KONG HOTEL GARAGE Stubbs Road

ChinaTM Mail

Est. 1843.

THE OLDEST-ESTABLISHED NEWSPAPER IN THE FAR EAST

Happy Valley.

No. 28,448

HONG KONG, WEDNESDAY, JUNE 21, 1933.

Est. 1845.

BERNARDS' OF HARWICH,

FOR

CONSULATE SHIRTS & PYJAMAS : `LILLEY & SKINNER FOOTWEAR ;

ROLLS RAZORS: WOLSEYS KNITWEAR : MACCLESFIELD SILK. NECKTIES: MOORES FELT HATS.

CHATER ROAD,

HONG KONG

PRICE $3.00 Per Month.

MONETARY SUB-COMMISSION AGREES ON CURRENCY STABILITY

Herr Nadolny, the chief Ger-

delegate to

man

(S. & G.).

Geneva.

SOONG NOT

NEGOTIATING

FRENCH LOAN

No Significance To Paris Visit.

ROME, BERLIN AND GENEVA NEXT

Paris, To-day,

The Chinese Finance Minister, and leader of the Chinese delega- tion to the World Economic Con- ference, Mr. T. V. Soong, together

IMMEDIATE ANGLO-DANISH

TRADE RECIPROCATIONS

A RETURN:

TO GOLD

Agreement Ratified By Ministers TWO OF US

At Copenhagen

London, To-day, Ratification of the Anglo-Danish trade agreement was exchanged at yesterday between M. Th. A. M. Stauning, the Danish Premier, and Mr. Hugh Gurney, British Mini- ster

The agreement enters into force immediately. - British Wireless Wireless Service.

with Dr. Wellington Koo, arrived in SILVER STABILITY France yesterday.

In an interview with Reuter he said that he was visiting Paris to pay his respecte officially to the head of the French Govern

the

GENEVA FACES ment, M. Daladier, and

NEW CRISIS

German Delegates Withdraw.

INTERNATIONAL LABOUR CONFERENCE

Geneva, To-day.

The German delegation yesterday withdrew from the International Labour Conference, at which, no steps were taken to prevent their departure or find a compromise.

Minister for Foreign Affairs, M Paul Boncour, following the in- vitation from the French Gov-1 ernment made while he was in America. Later he would pay lofficial visits to Rome, Berlin and

Geneva.

While he was glad to take advantage of the opportuni- ty to establish direct con- tact with the heads of the leading European Govern- ments, he had no particular subject to bring before the French Ministers. They

URGED

Cotton Spinners' Resolution.

EFFECT ON LANCASHIRE INDUSTRY

PROPOSALS

ADOPTED

Britain's Reservation On Gold Question. NATIONS TO DECIDE OWN TIME AND PARITY

Landon, To-day.

The Monetary Sub-Commission of the World Economic Conference, after some discussion yesterday adopted unanimously the first two points in the United States resola- it was in the tion, namely, "That interests of all that stability in the London, To-day. international monetary field should According to a report in the

be attained as quickly as possible, "Financial News," over 1,250,000 spindles in Lan- and that gold should be re-establish- cashire have been scrappeded as the international measure of and thousands of looms are idle as a result of the fall in the price of silver,

exchange values."

In addition, a proposal by Lord

This statement was made by Lieut.-Col. F. L. Harden, for- Hailsham, that each country should mer Associate Editor of the be free to determine, the time and "China Press" in Shanghai, ad-,

dressing the federation of Master parity at which

Official Photograph.-Officer's playing deck hockey in the shadow of the giant guns on the quarter deck of H.M.S. Hood, while another indulges in rowing during the passage to Invergor. don, on the first stage of the Home Fleet Summer Cruise.—(§. & G:).

YANGTZE RISES

Flood Feared In Nanking.

WATER-MARK AT 43FT. 3 INS.

Nanking, To-day.

With the river level at Haiakwan only a few inches below the Bund, residents on the outskirts of Nanking fear an immediate flood,

SURPRISES IN

BALL BEATS

BAT IN COUNTY

CRICKET GAMES

Yorkshire Secure Big Advantage.

·JACK HOBBS SCORES 85

London, To-day.

The ball mastered the bat in the week-end cricket programme. Der- by were dismissed for 88; Middle- sex for 78; and Essex for 66.

With Sussex engaged in a friendly game Yorkshire secured a 47 points advantage as the re- sult of a win over Gloucester. Essex and Derby were beaten by convincing margins and Warwick participated in a no result game. Notta continued their revival and Worcester recorded their first win in twelve games."

The West Indies were held to a draw on the eve of the

BRITISH AMATEUR first Test, the Minor Coun

GOLF TOURNEY

Four Champions Eliminated.

SHANGHAI PLAYER BEATEN

London, To-day,

ties having the better of the T. K. Dobson, the game. Durham all-rounder, was in brilliant form with the bat, He scored 126 out of 253. :

F. Edwards, Buckingham- |shire's leading, bowler also show- ed his mettle,by dismissing 8 of the tourists for 98 in a total of 229.

He bowled unchanged throughout the innings.

were exchanging views on

should return the Far Eastern situation generally, but he was not trying to raise a loan Cotion Spinners Associations.to the gold andare was also ac- Asked whether he was satis- The Federation later unani-cepted Dr. Ley, head of the delega tion, accompanied by the other fied with his talks with M. Paul mously agreed that a resolution. A sub-committee to deal with morning was 44 feet 2 inches, lowed by sensational results in yes- German delegates, left for Ber-Boncour, Mr. Soong replied: "Of be forwarded to the Premier,

course. I have to be satisfied." Mr. Ramsay MacDonald, the the silver question, over which while there was a further rise to- terday's Second Round matches,

day of thirteen inches. -Beu- Mr. Soong is seeing M. Dala-Chancellor of the Exchequer, Mr. Senator Pittman will preside, was ter. The resignation followed the at dier to-day, and is not certain Neville Chamberlain, and all titude of the workers' delegates to whether he will return to Lon-members of the House of Com- also set up.-British Wireless Ser- wards the German delegate, Dr.don to-day. - Reuter.

The defeat of John de Forest. Jack Hobbs followed up. The National Economic Com-1

with 85 against Essex Thanks from Hankow saying that the the British Amateur Golf Champion to the Oval idol's effort and bril- mittes has received a telegram the champion, in the First Round of his 100 against Warwickshire Yangtse water-mark yesterday ship at Hoylake on Monday was folliant bowling by Gover, a fast medium trundler, and Percy

lin yesterday evening.

Ley.

of!

·

Talk On Far East Situation.

Dr. Ley's remarks to the effect! that the South American States had no right to vote on a footing of equality with representatives Germany and Italy led workers to SOONG SEES PAUL BONCOUR decide to challenge his credentialsí when the question came before the; Conference.

The German Jelegates thereupon threatened to withdraw unless! satisfactory excuses for such an attitude were forthcoming,

The Bureau of the Conference issued a statement that no affront! 'had been offered to the German de. legation at any sitting of the Con- ference,

Paris, To-day.

It is understood Chat M. Paul Boncour and Mr. Soong had a talk on the Far East situation, Mr. Soong explain. ing his view to the French Government.

There is no question of asking for a loan.

It is believed that Mr. Soong intends to make similar visits to other European Governments.

mons, urging the Government to vice. co-operate with the United States, Canada, Mexico and Argentina

At the Conference yesterday.

In securing an increase in the the Chancellor of the Exchequer, price of silver, and its inter- Mr. Neville Chamberlain, speak- national stabilisation. Reuter.

ing in the Sub-Committee of the Monetary Commission, which is considering immediate measures

NO RESTRICTION OF PRODUCTION

"A Terrible Policy."

AUSTRALIA'S VIEWS

London, To-day During the sitting of the Econo- mic Commission of the World

KING OF IRAQ IN There is no special importance Economic Conference general dis-

ENGLAND

Welcomed By Royal Family.

COLOURFUL PAGEANT AT VICTORIA STATION

London, To-day. King Feisal of Iraq was given a notable reception when he reached England on a State visit yesterday..

As his steamer, escorted by four) of Britain's fastest destroyers and nine aeroplanes, entered Dover Har-| bour the Royal Salute of 21 guns was fired.

don.

for dealing with world trade depression, declared that cheap

Eric Fiddian, de Forest's oppon: ent in last year's Final, was best- en by Iver Thomas (Lancashire)

English Champion.

(Continued on Page 9.)

·Results as cabled by Reuter:

County Championship. Northants beat Somerset by

Somerset 141 (V. W. C. Jupp 6 for

69) and 167. Northants 246 and 69 for 2.

Warwickshire drew with Eent at Edgbaston.

BABE RUTH HITS by 3 and 1. Fiddian is an wickets at Bath-

15TH HOMER

Yankees Overwhelm White Sox:

U. S. BASEBALL RESULTS

New York, To-day. Babe Ruth, "King of Swat," has money was indispensable for trade recovery, and urged the recovered from his slight illness. banks of the world to reveal their Yesterday he hit his fifteenth four money policy for trade and in- bagger to aid the Yankees in breaking the White Sox's run of dustry.

four

the world sticcesses' over

He recalled that since October, 1929, wholesale commodity prices expressed in gold had declined one. third, and raw material prices 50 to 60 per cent.

Leonard Crawley, a past En- glish champion who threw up. a promising cricketing career to better his golf, fell a victim to Sam Mackinlay, a Glasgow journalist, by 3 and 2.

Kent 403 for 6 dec. (B. H. Valen-

tine 164)..

John Woollam, the English cham- plon. lost to the ex-French cham- Warwick 67 for 2. plon, Harry Bentley, of Lancashire. Notts beat Derbyshire by an in- William Sutton, a former En-nings and 121 runs at Trent glish champion, was beaten on the Bridge

*

19th green by Jones of St. Helens. Notts 408 for 4 dec., (A. W. Carr

J. W. Harrison, the Shanghai * 187 not out). Interporter and winner of the Derby 88 (Staples (A) 7 for 20)

China title last year, lost 3 and

and, 199.

out).

2 to J. C. Cowley of Hallowes. Hampshire beat Middlesex by an champions.

Edward Kyle, the lone entrant Innings and 119 runs at Ports- Results as cabled by Reuter:

from Malaya, entered the Fourth mouth, National League.

R. H. E. Round by a 2 and 1 win over 3. Bo Hampshire 395 (Creese 166 not

5 12 1berts of Prestatyn. Kyle is from Kepple, Singapore. He beat Byd- 37

3ney Chesterton in the First Round.

Reuter 4.8 2 716 1

Chicago

English hit a bomer." As long as traders thought prices New York

in the interview, it is emphasised. cussion was mainly devoted to the Mr. Soong returns to London on suject of what the Australian Thursday, and will unch with the Minister resident in London, Mr. were going to be still worse, they Prime Minister, Mr. Ramsay Mac- Stanley Bruce, said. Donald.-Reuter.

NEW YORK BANKS INDIGNANT.

German Moratorium Denounced.

New York, To-day. New York banks have cabled to Dr. Schacht, Pre- sident of the Reichsbank," de- claring that the German mpratorium is unwarranted, not justified and injurious to both the public and private credit of Germany. -- Reu- ler.

would not embark on business Cincinnatti Australia he declared, felt that operations. Therefore any action Philadelphia

Don Hurst hit a homer. the great object of the. Conference which has the flavour of deflation on would be to increase the world's the part of central banks, would be Cincinnatt!" purchasing power and as far as extremely injurious,

"We attach importance to the possible, to avoid the remedy of

auggestion that the intentions of reduced world production,

banks should be stated, so that all "Restriction of production seems the world may know the purpose

Philadelphia/

3 10 2 7-15 Chuch Klein hit a homer, Pittsburgh Boston

11.

2

to us a terrible policy to accept." and policy which they intend to pur. St. Louds

Medivich he said. "We, in Australia, have, great obligations to the world

"We are not to regard a cheap homers.

Bue.

to develop over great continent monetary policy as constituting, by Brooklyn and utilise all our resources for the zenefit of mankind."

It had been suggested many times said Mr. Bruce, that the trouble was that primary-in-- dustries of overseas countries had increased their production. "and disorganised world mar- Kets. That would not bear examination.

15 17 and Durocherhit

411 Itself, a remedy for all evils that Frederick hit a homer.van (Continued on Page 4). inflict the world. But cheap money in financial centres is an indispen- Fable background against which economic recovery for the world can take place,

**** "Dear money or even, in the

present conditions, moderately· dearmmey is a handicap to world recovery,

BRITAIN'S EASY TENNIS WIN

Czecho Slovakia Routed In Davis Cup.

London, To-day.

Middlesex 78 (Boyen 6 for 24).

198 (Herman 5 for 91). Worcester beat Leicester by 2 wickets at Kidderminster. Leicester 271 and 71 (Perks 5 for

128).

Worcester 175 for 169 for 8 (Smith

7. for 68).

Lancashire took first innings

points from Glamorgan at Man- chester.

Glamorgan 138 and 21 for 0.

Lancashire 159 for 3 dec.

Great Britain secured. a clean. Surrey beat Essex by an fanings 2 sweep triumph over Czecho Slova, and 100 runs at the Oval. kin in the Semi Final Round of the Surrey 268 (Hobbs 85), European Zone of the Davin Cup Essar 66 (Gover 6 for 17)." when Bunny Austin overcame Men- CROSS-RATES UPzel in the remaining singles match

AGAIN.

Dollar Steady As Pound Improves.

**Yorkshire beat Gloucestershire"

102 (P. G. H. Fender 8 for 29),

Gloucester 144 (Barnett 51, Verity

6 for (55)...

at Eastbourne yesterday. N by 101, runs at Gloucester..AN

Britain will now meet Australia Yorkshire 227 and 153 (Goddard for right of entry Into the Inter-

8 for 77). Zone Final against America, The winners of the latter encounter will met France in the Challenge Round

Beores as cabled by Reuter:: HW. Austin (Britain) beat H. Menzel 3-6, 9-7, 6-0, 6-12-

J, Perry (Britain) beat L. Hecht

His Majesty the King's second son, H. R. H. the Duke of York, ac companied by the Iraq Minister, went aboard to greet the King, in

A general moratorium was "de- troduced to him the British suite attached to him for this visit, and clared on June 8 on all credits

There had been increasing con- "I want to emphasise the extreme

The local dollar remains un- then accompanied him to the special given to Germany before July,

striction of European markets by desirability of co-ordination in the changed, opening this morning at train on which he proceeded to Lon- 1981.

Top Dr. Schacht, who made the anthe ever-rising tide of protection credit polles between central banks, AK Awaiting the Royal visitor at nouncement declared that July, for European agriculture. The If those banke pursue policies Silver prices remained unchang Victoria Station were His Majesty, 1931, had been fixed because Ger- result of the quotas imposed had which lead in opposite directions, or ed yesterday, cloning at 19 8/16 6-2, 6-2 6-22-576992 King George, II. . H. the Prince many's present financial position been to stimulate in England pro- even if they adopt different methods and 19% respectively.

ia.trying achieve the same end, we of Wales, the Duke of Gloucester, was caused by the bank crisis of duction to raise prices,

This was an international con-akall not secure what we wait. the Prime Minister and other mem-

ference trying to solve the troubles M, Chamberlain børn of the Cabinet, heads of ser-

The marriage between Arthur Bird of the world as a whole, and they ernments shouldů vices, and many other distinguished people, who wore either uniform or Lamson, of Mesara Wallace Harper had got to get rid of nationalistic central banka “Javee dress. 520

(Continued on" Page 13.)

that date

and Company Lid,, and Edith Mary-idaan and co-operate for common quired to preserve, atĉo Wood, teacher of the Diocesan Girls' 100 School, is announed. eskepped good British Wireles Bervice policy British

Breleu

EARLIER RESULTS. SA P. J. Perry and G. P. Hughes (Britain) beat Menzel and Marr salek, 6-3, 6-4, H.

135 (Boweź 8 for 69).

FRIENDLIES. Busser drew with - Cambridge University at Hore.

Hammond 6 for 88). - Cambridge 230 (B. O.. Allen 144,

Spesex 113 (K. Farnes & for 563

and 151 for 5.

The Minor Counties: XI drew with the West Indies at Lord's 2009 M.C. 253 (T.K. Dobson 126)

and 190, for B.

Gross rates agal showed

nce, the London on New York rate closing yesterday.

G$4.18 against $-G$4,18% on Monday The New York on credit | Landon rate Improved from H, W, Austin (Britain) best L West Indies 229. (F. Edwards5

10$4.18 to #÷G$418%,

F. J. Perry (Britain) beat B. Menzel 6-1, 6-4, 6-2 P

Beckt 1119,64

for 98) and 64 for 4-