1933-06-22 — Page 1

BEDFORD

MADE WE

ENGLAND

The British

TRUCK

THE HONG KONG HOTEL GARAGE.

The Hong Kong & Shanghai Hotels, Ltd.

Incorporated in Hong Kong. Stubby Road Happy Valley.

Economical 27-h.p. 8-cylinder engine -reducing vibra- tion, reducing engine-wear, reduc- ing time-off-the- road, reducing ex peases.

The dollar, on demand, closed

to-day at 1/4-5-8.

FINAL EDITION

China Mail

Est. 1845.

THE OLDEST - ESTABLISHED NEWSPAPER, IN THE FAR EAST

No. 28,449

HONG KONG, THURSDAY, JUNE 22, 1933.

Est. 1845.

PRICE $3.00 Per Month.

BERNARDS OF HARWICH.

-FOR

CONSULATE BHIRTS & PYJAMAS : LILLEY & SKINNER FOOTWEAR ROLLS RAZORS: WOLSEYS. KNITWEAR: MACCLESFIELD SILK. NECKTIES: MOORES FELT HATS.

CHATER-ROAD,

HỒNG KÔNG

EUROPEAN NATIONS MAY NEGOTIATE OWN CURRENCY TRUCE

WALL STREET

VIRTUALLY AT SENATOR PITTMAN'S SILVER AMERICA WOULD BE

A STANDSTILL Fewer Stocks Change Hands.

SILVER MARKET CLOSES "BARELY STEADY"

New York, To-day. Little activity was experienced on the New York Stock Exchange yes- terday, business showing a substan- tial decrease, only 3.890.000 shares being traded. Industrial, rail and bond averages showed an upward tendency, rising .68, .17 and 02 to 95.91. 44.39 and 84.78 respec- tively. Utility averages declined .03 to 34.95.

In their daily report, Messra. E. A. Pierce and Company, through their local correspondents, Messrs. Asia Lands, Lid., state:

"Aside from oil issues the mari ket is virtually at a standstill and On there is no aclling pressure. the other hand fresh buying ap- Fears to be much smaller and we; believe there is an excellent chance of the strength of oil issues deve- loping into something real.

"Wheat: The influx of re- ports of small yields in the South-West and crop damage in the North-West and Canada influenced professional sol) foreign buying and heavy re alizing was approved.

"Cotton: The technical position has improved, which resulted from the liquidation of the past week, while the strength of grains-help- ed. There was a good general de- mand.

"Silver: Heavy commission bouse liquidation pressure eased Inter on short covering and out- kide buying. barely steady.".

PROPOSAL SHELVED

International Agreement Needed

To Prevent Dumping

London, To-day. Senator Ken Pittman'a silver proposal, submitted to the mone- tary Sub-Commission of the World Economic Conference on Monday, has been shelved until an agree ment can be reached with silver

and other producing countries, nations, to prevent dumping on the market.--Reuter.

£59,000,000 FOR U.S.

WARSHIPS

Britain Has Spent Only £8,250,000.

LONDON TREATY TERMS

London, To-day.

The First Lord of Admiralty. Sir Bolton Eyres-Monsell, re- plying to a Parliamentary ques- tion yesterday, said that his at- tention had been drawn to the announcement that President Roosevelt had authorised the expenditure of £59,000,000 for building wärships under the London Treaty.

The total expenditure ap- proved by Britain in this regard was £39,000,000,

Up to March 31 last how- ever; the total sum so spent was £8,250,000.

Wireless Service.

British

EXCLUDED

SMALL POWERS GROW

IMPATIENT

DISCUSSIONS TO BE SECRET ON 'DOLLAR STABILISATION

PARIS, TO-DAY,

CONSIDERING THAT THE NEGOTIATIONS FOR DOLLAR STABILISATION ARE DEAD, FRENCH FINANCE CIRCLES ARE NOW LOOKING FOR A PROVISIONAL BACKING FOR STERLING-FRANC EXCHANGE, AND A CURRENCY TRUCE BETWEEN LEADING EUROPEAN NATIONS. SUCH A TRUCE WOULD EXCLUDE AMERICA. — REUTER.

London, To-day.

After the receipt of an important cable from Washington by the American delegation to the World Economic Conference, the British Premier, Mr. Ramsay MacDonald, held a conversation with some of the American delegates yesterday. It is reported that Mr. MacDonald urged Americans to keep the stabilisation discussions secret in order to enable the Conference 10 proceed with other subjects and the markets not to be subject to the dis- turbing influence of stabilisation rumours,

It is understood that the delegates agreed, temporarily, to restrain from divulging further information to the public regard- ing stabilisation.

".

It is reported that a number of the delegations from the smaller European Powers are impatient at the stabilisation delay, and are urg- ing the European Powers at the Conference to concentrate on seeking an agreement embracing all European States.-Reuter.

Cheap Money Desirable.

FRANCE SUPPORTS BRITISH ECONOMIC VIEWS.

ST. LOUIS CARDINALS The work of the World Economic

LEADING

The market closed Gehrig Hits Seventeenth

LOCAL DOLLAR DECLINES 1/8.

Silver Falls A Fraction.

The local dollar has declined to-day's opening price

1/4

19 3/16 and 19% respectively, yesterday, declined %.

Home Run.

U. S. BASEBALL RESULTS

New York, To-day.

Conference was continued yester- day, in the Economic Commission and in the two sub-committees of the Monetary Commission.

Proposals advanced in the first of these sub-committee by the Chancellor of the Exchequer. Mr.

St. Louis Cardinals are making Neville Chamberlain, were support-

a bold bid for the National League!

REMOVING TRADE RESTRICTIONS Abolition Of Quotas. Proposed.

ECONOMIC COMMISSION

DISCUSSION

London, To-day, The problem of trade restric tiens is being dealt with by the first sub-committee of the Economic Commission of the World Economic Conference. At a private meeting of the sub- afternoon

in-

Similar scenes to that depicted above are now being enacted at the World Economic sessions in London, and most of the de- legates are included. The photograph shows Herr, Nadolny, Ger man delegate, addressing the disarmament Conference at Geneva.

BAD WEATHER ON

MT. EVEREST Ruttledge Expedition Delayed.

CLIMB POSTPONED TILL AUTUMN

Calcutta. To-day. The Mount Everest Expedition, led by Mr. Hugh Ruttledge, will not attempt to climb to the summit of Mount Everest until autumn, accord-

AIRMEN CRASH IN MEXICO One Pilot Killed; Other Hurt.

ATTEMPT AT LONG-DISTANCE RECORD

New York, To-day.

Spanish airmen. The two Captain Barberan and Lieut.. Collart, who were reported missing after flying the At lantic on June-19, are now re-. ported to have crashed in the State of Puebla in Mexico.

IRAQ LOOKS

TO BRITAIN FOR

FUTURE AID

King Feisal's Tribute To Past Help.

COLOURFUL CEREMONIES DURING LONDON VISIT

London, To-day.

King Feisal of IraqTM made an of fical visit to the City yesterday when he was presented with an ad- dress of welcome by the Lord May- or and the Corporation of London.

The King drove through the crowded streets in an open dan. da, accompanied by the Duke of Gloucester and members of his suite. His carriage was drawn by four horses with outriders. The British Sovereign's escort of Life Guards escorted the proces Bion.

The ceremony of presenting the address was followed by a luncheon at which the Lord Mayor; in proposing King Feisal's health, said that the close as50- ciation between Britain and Iraq. rested not only upon the formal provisions of a treaty, but upon the firm friendship inspired by mutual prospects, and of inter- lerts formed in war and sustained

and strengthened in peace.

ing to messages received here from Lieut. Collart was killed and King Feisal, replying, made

base camp of the expedition.

The assault has been postponed owing to the bad weather.

Capt. Barberan lies in a comatose condition.

gracious acknowledgment of the hospitality eccorded him, and The glant biplane fell into a said that, the friendship between ravine on Malinche Mountain, 11,- their two countries was born out of common sacrifices and had 000 feet bove sea level The party, consisting of 14 men,

The flyers were attempting to been nourished by, the rapid de left Darjeeling on March 12 on its lower the long distance flying re-velopments of mutual interests. 300-mile march to the peak-Reu-cord held by Britain, and left Seville at 4.55 am. on June 10 en ter.

route to Havana. They carried sufficient fuel to last for 48 hours. -Reuter.

SOONG LEAVES

PARIS. Interview With French Premier.

Paris, to-day.

RUBBER GROWERS

CONFER

Joint International Action Hoped For,

"My country has received much help in the past from Britain and looks confidently for further help in the future, and I know she will not look in vain."

"We need your help to develop vast resources of our country, and the City of London, birth- place of so many merchant ad- venturers, has never failed to ap- preciate opportunities open to enterprise in distant lands,”

GUEST AT FOREIGN OFFICE DINNER.

pennant they last won in 1931. cd in speeches by several delegates, committee yesterday

Amsterdam, to-day. being. Yesterday they beat Brooklyn Dod- including M. Bonnet, the French under the Chairmanship of Herr The Chinese Finance Minister; to the World Economic Conference,

Satisfactory progress is reported gers by a 7 to 5 margin to keep Finance Minister, who suggested Krogmann, of Germany, a number and leader of the Chinese delegation Giants, that the proposals should be conti- of proposals were submitted. Mr. T. V. Soong, was yesterday re-

Last night the Secretary for Spot and forward silver, which their distance from the

dered by a special sub-committee cluding draft resolutions by the ceived by the French Premier, M. to have been made at the meeting remained steady on Tuesday at, who also won.

of Rubber Foreign Affairs, Sir John Simon, instructed to bring back definite British delegate, proposing, inter Daladier, with whom he discussed of the Committee of the Inter-

gave a dinner at the Foreign recommendations as early as pos-alia, the abolition of clearing and the Far Eastern situation, which national Association

expressed Office on behalf of the British Optimistic views are barter, agreements as far as possi-Mr. Soong explained from the growers.

visited M. for the chances of joint inter- Government in honour of King

Feisal. Mr. Soong: also He added that while it was ble, and the abolition of import standpoint of Nanking.

prohibitions without prejudice to

HRH Prince George was necessary to discipline produe the exceptions generally recognised Together with Dr. Wellington national action-Reuter.

Koo, Mr. Soong left by aeroplane for

among the many distinguished tion, they must also try to in-internationally.

British Wireless Ser guests. London, this morning-Reuter, crease consumption and thus end

..

(Continued on Page 12.) Results as cabled by Reuter:

National League.

R. H. Esible.

.on

Chicago New York

1

3

3

7

0

Cross rates showed slight weak- on New York ness, the London rate closing yesterday at G$4.16 as against. G$4.13 Tuesday. The New York on Lon- don rate closed yesterday at £- G$4.174 and against £-G$4.1834 on Tuesday.

O'Doul hit a homer.

Cincinnatii Philadelphia

PEKING “INCIDENT "Pittsburgh

EXPLAINED.

A Private Quarrel.

Peking, To-day.

starving in the face of plenty.

8 13

10 12

5

the terrible paradox of mankind

5 13

0

He agreed that a policy of 6 12 1 cheap money, made available in cach country at the lowest rates o which the circumstances of the loan would permit, was essential. Operations in the open market

Clear distinction should be made between import quotas for the protection of the home producer and production oz. market quotas imposed a pur suance with international agreements in order to effect a rise in prices,

Progressive abolition of all ar-

must be most carefully consider-bitrary import quotas is of the ed by technical experts..

Boston

3 5 Pittsburgh

Paul Waner hit a homer.

8 12. Boston

Whitney hit a homer.

American League,

7.15 21 -511

10.14

fessor Beneduce, while in

912

The Public Safety Bureau, re- St. Louis porting on Yesterday's shooting Brooklyn

gen- incident, when. Chinese darmes were alleged to have fired on Japanese soldiers, "states that two shots were fired by a man in uniform during a quar- rel with another Chinese.3

The shots, continues the re- port, were merely being fired to frighten the other man, Reu- ter.

COLONY'S WATER

Restrictions May End On June 30.

We are officially informed Lo-day that the water, res- trictions in the Colony will probably be lifted at the end of the month

Boston

Cooke hit a homer. Detroit....

Gehringer blt a homer. Boston

Alexander hit a homer... Detroit

TROOP

SOVIET

MOVEMENTS Concentrating Near Frontier Zones.

·NO NEGOTIATIONS

London, to-day, The Colonial Secretary, Sir Phillp! Cuncliffe-Lister, in the House of Vice, › Commons, yesterday, said that he anderstood that discussions regard-THREAT TO ing rubber restriction had taken! place between certain English and other producers, but there had been no negotiations,

No request for negotiations hade been received from the Dutch Gov-

highest importance, the draft UNRELIABLE CITIZENS MOVED ernment. B. W. S..

The Italian delegate, Pro-points out, but the best solution to

general agreement, urged that for a liberal credit policy to have the desired

effect upon prices. It should not precede a demand for credit.

(Continued on Page 4) Britain Silent On Silver.

London, to-day.

Otherwise there was a danger Replying to a question in the 2 of the volume of available credit House of Commons yesterday re- being diverted to speculative garding the raising of the value of transactions, which might pro-silver Mr. Lelle Hore Belisha, for duce a period of artificial pros the Treasury, stated that the perity liable to be followed by various views taked on the aliver another crisis. British Wire problem would receive careful con-

New York

Lou Gehrig and Tony Lazz

hit homers.

113 St. Louis

Shea bit a homer. Game went less Service.

to 18 innings.

Philadelphia Cleveland

Washington Chicago

Whitehill pitched?

sideration.

He said, however, that the Chan TIENTSIN AFFILIATED TO LTA. cellor of the Exchequer did not sacred on think, it desifable to make any for 'to-day. ther statement pending the dis-

At the English Lawn Tennis Ascussions on the matter which were yesterday the taking place at the World Economie

T. A wire admitted and Monetary Conference-British

Reut

Wireles

BACK

Harbin, To-day? Large Soviet forces, which include tanks and gas units, are concentrating and manoeuvring in the vicinity of Bara- bash,

Lake Hingkaihu.

on

The Soviet is eva- cuating and deport ing to West Siberia all unreliable citizens from the frontier zones, Reuter

CUBAN TROUBLE. U.S. Envoy Asked To Mediate.

ROOSEVELT'S

GRANDCHILD

Kidnapping Attempt Feared

Washington.”

The White House has denied 8 report carried in the Boston Post that the infant grand- daughter of President Roose velt is being closely guarded at Northampton, Mass., because

Havana, Cuba. The powerful appositionist A. B of kidnapping threats.

organization has agreed that Mr. The Port said that kidnappers. Summer Welles, American Am- had threatened to take Barah, the bassador, might mediate in its fourteen-months-old daughter of the Struggle with the Cuban govern- President's son, Mr. James Boose- and that, to reinforce their ment.

had set fire to the The A. B. pledged to refrain threat, from attacks on the constituted Roosevelt home. authorities, during which the ef- The White House admitted there. forts of Welles must not be ingre had been a mysterious fire: it the

hampton meand than a friendly effort of a friendly.

|State"; secret servicź! government to reestablish peace.

ras believed the move marked Investigating an increasing assertion of Ameri can infinence. In the

the restoration of or

contine:

United

Investigation was

leted their Ins