1933-06-30 — Page 1

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HONG KONG, FRID

JUNE 30, 1933.

WORLD'S

BRITAIN STANDS IN CENTRE

EW BOXING CHAMPION

ARNERA

KNOCKS - OUT

SHARKEY

Outclassed In First

Five Rounds

FLEXIBLE OR FIXED CURRENCY?

CRISIS THREATENS ON TO SORT

STABILISATION

BRITAIN'S ROLE AS..

MEDIATOR

WATCH AMAZING END FAILURE OF CONFERENCE FEARED

TO. FURIOUS BOUT:

New York,

the result of a smashin delivered to Jack

the sixth round of last He contest, Primo Carnera, Ant Italian, is now heavywe lampicof the world,

The first Italian to win the box 8 grown, Camera suffered heavy nishment in the first five rounds, nd narrowly survived a knock-out the second round. However, the oices of his magnificent physi e enabled him to come out fresh the sixth round and batter the American to insensibility with terri-

a smashing-blows.

The "Ambling Alp" or the Mountain Man" as he is deri vely termed in the United States as been an object of Ricule inl Hoof his bouts, and hot conve oversy has waged over his Ability as a boxer. The biggest inan have ever stepped

to

the

of a #through

ropes boxing ring, he has often been defeated, but his tremendous bulk has saved him from the ignominy of a knock-out.

FROM US. ATTITUDE

IT IS UNDERSTOOD THAT

"LONDON," TO-DAY.

UNITED STATES

SSISTANT SECRETARY OF STA PROFESSOR RAY- D MOLEY HAS CONVEYED 10ER RAMSAY Mac

Luf

ach

EUROPE OR

AMERICA?

Dollar Jump: Causes Apprehension.

DEMORALING EFFECT ON CORRENCY

London, Te-day.

The stabilisation of currencies re- crudd factor at the World ference. The pro-

and decisions regarding the

DA MESSAGE TO THE EFFECT THAT THE UNITED, problem will provide a week-end

IS NOT PREPARED TO Disc

STABILISATION" RNATIONAL EX

BE INTERESTED IN AT NICE WHICH WOULD PALTENT WIDE SPECU

TUATIONS IN CURE

CY WITHOUT HINDER

ROOSEVELT TE

WERS

framt withe Stal possibilities.

To-day fm Britain chary of an-

RNARDS OF HARWICH

EMEN'S

PIONEERS OF Quality Goods at Reasonable prices

MONETARY

Fraulein Fridel Meyer, the German Champion Canoeist, is trying to make a new record for a trip round the British Isles. She will be accompanied by her pedigree chow "Wu-Pel-Fu.” Fraulein Meyer taking her canoe down to the Thames to start from Westminster. (S. & G.)

EXERCISING HIS INtagonising Amca by identifying

herself with the European gold bloc DR. DOLFUSS and yet anons for European sta-

hat the British policy is of a media

kin will endeavour to

ween gold and non-gold countries

na

a

AT THE FORMATION OF A CON- GROUWITH TRITAIN ASSOCIATED WITH IT, TINE woULD ALMOST INEVITABLY LEAD TO THE FAILURE OF THE CONFERENCE.

To achieve anything substantial it is generally thought that stab tisation of the pound without stabsation of the dollar would lead to even more chaotic conditions than are being experienced abgem

Gold Countries Meet.

CONSIDERABLE PROGRESS

RECORDED.

London, To-day. During his chequered career, The day-long discussions on Carnera has been deported in currency stabilisation yesterday York charged with mans- in a culminated meeting of the ughter (following the fatal representatives of the European nd to his bout with Ernie gold countries, France, Italy, Bel- Schaaf) prosecuted by the mili- gium, Switzerland and Holland, tary authorities in France; and with Mr. Ramsay MacDonald, Mr. sued for breach of promise by a Neville Chamberlain and other] London waitress in England. members of the British delega

The result of the fight came as tion accompanied by their a bombshell to the 40,000 who pert witnessed the bout in sweltering Frederick Leith-Rosa. heat in Madison Square Garden.

Sharkey had won the first five rounds and had the fight - almost. In his pocket when

· Carnera followed up a pon- derous right to the body with a terrifie ̧ upper-cut which sent the champion reeling to the boards to be counted out, for the third ftime in his career.

economic adviser,

ex-

Sir

The meeting adjourned at 7 p.m. until to-day.

It is learned in authorita-| tive quarters that consider. able progress was "made in yesterday's discussions.

The meeting of the gold-stan- dard countries started at 5.25 p.m. and adjourned at 6.45 p.m.

The discussions were centred on the production of a generali The Baer-Schmeling fight at-statement relating to the main- tracted a 60,000 gate and was tenance of the gold standard and termed the fight of the century, the position of the countries still Carnera will now defend his title on that standard. against Max Baer, the German-

American.

Round 1.

Reuter.

British Leaders

Busy.

CURRENCY DOMINATES AT CONFERENCE."

Carnera moved majestically from his corner and Sharkey Elved in to land left hooks to the head and body. Carners, how- yer, caught him off his balance and hurled him on to the ropes. Sharkey again charged the giant While many committees dealing

London, To-day,

FRENCH PATIENCE EXHAUSTED

Gold Countries Will Defend Currency.

M. BONNET'S STATEMENT

London, To-day.

M. Bonnet, French Finance Minister, in an interview with Reuter yesterday, said that the meeting of the gold coun tries, yesterday afternoon, was engaged on drafting a most definite and most resolute statement on currency stabi lisation.

Gold countries were com- pletely unanimous on the ne cessity of defending to the ut most, the stabilitation of their currency.

Gold standard countries at the conference were preparing a declaration of their own views and it would be left for Britain and America to join in, if they wish.

...The French assert that a cle- claration will be issued what- ever happens.Reuter.

LONDON,

Italian and landed a left and with the specific task before MR. T. V. SOONG IN right to the head. He was then World Economic Conference met in Bent to the ropes from a blow, private yesterday, to continue their but came back to land a beauti-work, major interest was taken in Kul right to Carnera's chin.

currency problems of which, in the Round 2.

opinion of many of the delegates, a

Carnera, opened the second round solution has to be found, if the In cautious manner, leading con hopes entertained of the Confer

ence are to approach fulfilment,

Hnuously with his long left. This

move smothered Sharkey, but he got home right to the jaw.

Many private conversations were

Primo was sent staggering to tan held, regarding the terms of opes, but his trusty left managed which, despite many rumours, clos hold off the champion who atest setracy was maintained by the fempted to follow up his advantage. Round 3,90

rticipants, t Discussions took place bat

round

the de

Audience With King On Saturday.

London, To-day.ja His Majesty the King will receive the Chinese Finance Minister and leader of the Chinese delegation. ~ to World Econom Conference, Baturday,

RAU

Thus, the Premier, Mr. Ram- ayacDold, stands as the

of the monetary see-saw

on me end of which inflationist is calling for elasticity, Ame while on the ether end France is calling for fixation:

The preservation of the Unit ed States boom and the gold standard in European gold coun tries are seemingly irreconcilia ble objectives, but there is em erging, in administrative circles in Washington, according to well- informed - correspondents, some apprehension over the downward course of the dollar and its de- moralising effect on world mone tary reiations.

Some are of the opinion that the dangers of "the pre- sent policy are greatly out- weighing its advantages.

VISITS NAZI

STRONGHOLD-S

Defies Warnings Of Trouble.

A GREAT RECEPTION-

mas Viena Torday. A crowd of 15,000 wildly cheered the Austrian Chancel- lor, Dr. Dolfuss on his arrival at Innsbruck, the Austrian Nazi stronghold, ', in defiance of warnings of trouble.”:

Special precautions were taken to prevent an attempt

on his life. Railway passen- gers and motorists travelling to the city were carefully scrutinised by the police.- Reuter.

There are indications that the authorities may modify their

LOAN TO AUSTRIA. hitherto uncompromising attitude towards all schemes of temporary

London, to-day. stabilisation and are prepared to.

Asked in the House of Commons discuss means whereby dollar fluctuations are limited, but this yesterday whether, in the recent change of opinion does not neces-conversations with the Austrian sarily imply that President Roose Chancellor, Dr. Dolfuss, the quea- velt will agree to any immediate tion of making or guaranteeing the currency agreement which will new loan was discussed, the Foreign arrest his cherished rise in inter- Secretary, Sir John Simon said that in the course of the conversa- nal prices.

tions, reference was made to a loan provided for in the protocol of July, 1982, and the Australian Loan Guarantee Act, which it was hoped to issue at an early date in London and Parts and the other capitals concerned.—British Wireless ST

Developments seem to be de- pendent upon which end of the seesaw it. MacDonald --in- clines his weight, and in the meantime, the possibility of Presbient Boomereit consent- ing to international exchange control in order to curb specu Iation is not likely until Bri tain has indicated whether she intends. stabiliaing... pro- visionally under terms of gold

Hot

In any case, the gold country delegations are expected to issue a statement to-day, affirming their intention of mutual support of the maintenance of the gold standard.

Reuter

CROSS-RATE AT

4.41

US. Dollar Becovers To 4.25.

vicë.

EVEREST WINS

"But Struggle Will Go On"

RUTTLEDGER EXPEDITION

SAS UNDETERRED

London To-day. General Bruce, Chairman of the committee which has des cided to recall the Mount. Everest Expeditions stated that the weather had been no bad the there would be little the expedition being chance

does not mean that we have

TWO NEW MINISTERS FOR HITLER CABINET Herr Hagenberg's Resignation Accepted By President.

Berlin, To-day.

The resignation of Herr Hugen- berg, Minister of Economica in the Hitler Cabinet, and former leader of the German National

which cards? day: President

von Hindenbur Hagenberg tendered his resigan- tion on June 25.*** -President Hindenburg has ape

Kurtschmitt pointed Berr Minister of Food-Reater.

HerT

CHATER ROAD. HONG TONG

SEE SAW

TYPHOON PASSES GALE RAGES-

OVER COLONY

AT 50 M.PH.

3.315 Inches Of Rain In 24 Hours.

" UNUSUAL" TRACKS OF DISTURABANCE

Gusts of over 50 miles an were experienced at the servatory yesterday

the depression for close to the Colony North-Easterly directie

The track of the disturbance is reported as unusual, and it was not at first expected to pass so close to the Colony

Heavy rains fell throughout the night 1.67 inches falling between the hours of 7.30 and 10.30 p.m.. while 3.315 inches fell during the 24 hours ending at 10.30 this morning. 7

The weather report issued from the Royal Observatory this morning states, the gale of June: 29 and 30 was produced as the re sult of the low pressure over the Ching Sea since June 21, and the depression probably commenced 23 develop near the Paracels kahe morning of June 28-5

The depression followed Northerly track and entered the coast to the West of Macao yes- terday morning, where, in com- bination with the low pressure existing over South Chin, it produced the high winds and

[day afternoon.

LANCASHIRE AND an experienced since rester-

INDIA

Mr. Baldwin Advises Co-operation.

"FORCE WILL NOT BREAK BOYCOTT"

London, To-day." Lancashire and India should come together in friendly co-operation and try to make a friendly agreement, advised the Lord President of the Council, Mr. Stanley Baldwin, In a speech at Manchester yester day, defending the British- Government's India pro

posals.

Referring to tariffs, he said that some of the messures sug- gested, to which, Lancashire people had been asked to give support, were calculated to des

RESTRICTIONS REMOVED

Full Water Supply Tomorrow.

In a notice from the Director of Public Works, It is notified that, commencing from stoi sorrow, a constant supply of water will be given in all dis- tricts of Hong Kong and

The depression is situated this morning at about miles North-North-East Hong Kong, moring North-Easterly directie Alling up)

(Continued on Page 12)

Taipo Road Land troy any possibility of goodwill

A small landslide oces between Lancashire and India:

He did not believe that the Taipo Road near

Waberworks national boycott could be broken Beuter. by force,

BRITISH LADY GOLFERS WIN.

French Team Beaten

7 To

Flood