1933-08-28 — Page 1

In choosing a NEW TRUCK

KEEP

THIS

BEDFORD

MADE H

ENGLAND

The dollar, on demand, closet

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

Supreme

FINAL EDITION

China Mail

IN

MIND

Est. 1845

THE OLDEST - ESTABLISHED NE YSPAPER IN THE FAR EAST

British-born Successor to Chevrolet.

No. 28,506

HONG KONG, MONDAY, AUGUST 28, 1933.

Est. 1845.

PRICE $3.00 Per Month.

EARLY STABILISATION OF DOLLAR AND STERLING

Professor Moley.

PROF. MOLEY

RESIGNS FROM

U.S. CABINET

Was Head Of "Brain Trust."

SEQUEL TO HIS REBUFF

AT W. E. C.

Hyde Park, New York To-

day.

Professor Raymond Moley, head of President Roosevelt's "Brain Trust," has resigned from the post of United States Assistant Secretary of State."

Although his resignation has been expected since his return from the World Economic Con- ference. it has created a sensa- tion, as he was formerly Pre- sident Roosevelt's closest friend.' Prof. Moley was sent to the London Conference to advise the head of the United States dele-

18 CODES OPERATE IN AMERICA

15,000,000 EMPLOYEES

ALREADY AFFECTED

FORD REFUSES TO PARTICIPATE IN MOTOR-CAR CODE

NEW YORK, TO-DAY.

EIGHTEEN INDUSTRIES IN THE UNITED STATES ARE NOW OPERATING UNDER CODES, AND THE NATIONAL RE- COVERY PROGRAMME IS EXPECTED TO BE IN FULL SWING BY SEPTEMBER 1, BY WHEN 26 OTHER CODES WILL HAVE BEEN COMPLETED,

President Roosevelt signed the motor industry Code yester day. The motor-car manufacturers accepted the revised Code on Friday last, and General Hugh Johnson, head of the Recovery Ad- ministration, yesterday persuaded Mr. William H. Green, Pre-

ident of the American: Federatin of Labour, lo accept on behalf.

of the employees.

With the completion of the motor industry Code, 15,000,000 of the nation's 40,000,000 employees are now working under the new Codes A Code is being drafted to fix prices at all retail establish- ments, by which another 5.000.000 workers will come under the

Codes.

AN HOUR..

General Hugh Johnson, National [ 40 TO 43 CENTS Recovery Administrator, declared that the industrial recovery pro grarame depends on co-operation for success and that it cannot ge forward with any section of indus-

holding back, or with any grow

of workers on strike.

Ford Not Participating

In Motor Code. Hyde Park, New York, Today.

The United States motor-car m- The Department of Labour hasi issued a report showing there had dustry Code represents a compro- been very definite gains in employ.

ment during July. In that month mise with Ford Motors, who are

iper

cent.

President's Powers. ́

BERNARDS OF HARWICH.

FOR

CONSULATE SHIRTS & PYJAMAS : LILLET & SKINNER FOOTWEAR · ROLLS RAZORS : WOLSEYS KNITWEAR : MACCLESFIELD SILK. NECKTIES: MOORES FELT HATS.

CHATER ROAD,

HONG KONG

EXPECTED

H.M. the King, accompanied by the Queen, opened the world's largest dock at Southampton, July 26, by sailing the Royal Yacht into the new dock. This dock is 1,200 ft. long, 135 ft. wide, and at high water level will contain 260,000 tons of water. It will prodive accommodation for the biggest liners afost.

filled with Empire Wint. 18. & G.)

The Queen naming the new dock with a cup

$1,000 CLAIM

IN BREACH OF

STORMTROOPEËR APOLOGISES FOR INSULTING AMERICAN

PROMISE CASE Sequel To U. S. Citizen's Failure

Acts Of Intimacy Alléged,

To Give Nazi Salute:

Berlin. Commander Ernst, - Brandeburg Storm Trooper, has apologized at PLAINTIFF CHANCES HER the Arad Embassy an

EVIDENCE

Judgment For Defendant.

The case in which Rosa Bautista 7.2 per cent. more persons were not participating. It provides a claimed $1,000 damages from Lor- employed than in June, the report 35 to 48 hour week and a minimum lenza Rull, a musician employed at ¡said, while the pay-rolls of the na tion had been increased by 7.93 wage of 40 to 43 cents per hour, the Peninsula Hotel, for breach of Price-fixing is not mentioned. his alleged promise to many her, Manufacturers are permitted came to an abrupt conclusion this gation, Mr. William Cordell Hull. It was pointed out at the offices to hire, promote or pay-off their morning when the Puisne Judge, Mr. R. E. Lindsell, recalled the but President Roosevelt declined of the Industrial Recovery"` Admin-|

plaintiff and himself cross-examin- to accept his proposals on cur-istration that the President, under workers on merits, regardless of

his licencing power, has the a-their affiliation with any organed her. rency stabilisation.

It is stated that Prof. Moley thority to compel all industries to isation. This provision is ac- intends to edit a magazine in New join in his programme, or to hamcepted by the employees' repre- avoid direct answers to His Lord After trying for some time to York, with Mr. Vincent Astor. per them if they refuse.

sentatives on the understanding ship's questions, plaintiff broke United Press, per S. C. Gold Bar The President has no intention that it does not infringe the col down and admitted that her evid Co.

of hampering business or imposing lective bargaining clause, and ence as to her reason for leaving harmful restrictions, it was said at with the reservation that its in-her employment was untrue; she the Administration. He is follow-! ing the opposite policy and wants clusion in any other Code be op- had left, not because of defen-

posed.

dant's promise to marry her, but because she found the work too hard.

NEW U.S. ENVOY

FOR CUBA. ́`·

Mr. Welles Returns To- Former Póst.

Washington, Aug. 23. The State Department announced to-day that Mr. Jefferson Caffery, Assistant Secretary of State, and Mr. Sumner Welles, American am- bassador to Cuba, will exchange posts, with effect as from Septem- ber 15.

Mr. Welles will return to this fermer position as Assistant Secre- tary of State.

He

all the industries to succeed and to make money.

.J. P. Morgan's Position Mr. J. P. Morgan was formerly chairman of the board of the Unit- jad States Steel Corporation and is still a large holder of its shares.

It was reported that he has

Fifteen million of the nation's 40,000,000 workers. Bre now working under a Code and 18 industries are now "self-governed, under Federal supervision.”. The National Recovery Að- 'ministration estimates that

not looked with favour on the||||2,000,000 voluntary re-employ

industrial programme 25 A ment agreements have whole and is determined to Bigried. Reuter. protect his own interests wher». ever he thinka they are endan- gered.

Friends of the Morgan partners however, denied rumours that the

ITALY DEFEAT HOLLAND.

As this admission des troyed the only possible corroboration of the alleged promise of marriage. His Lordship gave judgment, with costs, for the defendant.

Insult to Dr. Daniel Malvitit, of New York

Mulvihill. was assaulted when he failed to salute the German

in Nazi fashion.

ng

WHEAT PRICES

RISE

Cotton Market Also Improved.

NEW YORK REPORT

New York, To-day. The New York wheat and

cotton markets raled bright- er yesterday, reflecting the 'stimulation given to the Liverpool market on Satur- day, by the London Wheat Agreement.

US, BRITAIN

TO STABILISE

CURRENCY

Mr. Norman To Visit Mr. Roosevelt.

·CONGRESS MEMBERS WANT INFICATION

Washington, To-day. Compulsory inflation of currency will be voted for by the United States Senate and the House of Re-

presentatives, at the January ses sion if the prices and purchasing power remain the same as now, ac- cording to convinced observers! who have made a careful survey of the Congress.

In accordance with this intention, understood that President Roosevelt intends to deal with the

question early in Autumn or possibly earller, by an effort to increase mass) purchasing power, thus checking the Congressional programme which will result in confusion.

This situation apparently ac In their report, Messrs. E. A. counts for the formal conference Pierce and Company, through planned to take place this week at

local their

correspondents, Hyde Park between President Ltd. Roosevelt, Mr. Montagu... Norman, Messrs. Asja Lands,

Governor of the Bank of England, state:-

ge

Wall Street bankers belleve that. President Roosevelt and Mr. Norman intend to discuss currency stabilisation. They also believe that President Roosevelt is now convinced that the

CURRENCY CRISIS

FRANCE WILL

STICK TO GOLD

STANDARD

Until She Is Pushed

Off."

DECUNE OF STERLING AND U. S. DOLLAR

Paris, To-day. The fall of sterling and the United States dollar is dis- quieting financiers, but the consensus of opinion is that France will stick to the gold standard until she is pushed off.

With a gold re serve of 79.62 per cent, it is felt that Famce has nothing to fear from depres rialing –– zmirencies.

as the bulk of her trade is done with her own colonies. Her greatest dan- ger lies in an un- balanced Budget and her deficit of 6,000,000,000 francs.

There are few signs of hoarding, outside the Bank of France, and busi- ness is satisfactory if not brisk.

To-day's talk be- tween bankers and President Roosevelt is awaited with in- terest Reuter.

England, Mr. Montagu Norman, will also visit America this week,

| is causing considerable comment.

It is believed that Mr. Norman will: discuss the relations of the Ameri-

can dollar and the pound sterling with President Roosevelt.

The arrival in New York on "Wheat: The opening reflect Mr. Dean Acheson, United States ed the better Liverpool market, Under-Secretary of the Treasury Friday last of M. Leon Fraser, where the Wheat Agreement Mr. George Harrison, Governor of President of the Bank of Interna stimulated trade demand and the New York Federal Reserve Bank, tional Settlements, and the fact Mr. H. L. Dennys of Messrs new speculative buying. The and Mr. Kewis Douglas, Director of that the Governor of the Bank of been Dennys & Co., appeared for the lack of rain in Argentina has not the Budget,

plaintiff, while the defendant was been relieved. There was some represented by Mr. Leo D'Almada week-end realising.

"There was

a good demand, e Castro, Senr.

while cash markets were "firm. Mr. Dennys in his opening address said the plaintiff was 18 Some farmers are appearing to years of age and, was Iving with be unwilling to sell at the current

Industrial Recovery Programme her mother at the Orient Tobacco levels, p

"Cotton: Good foreign and will steadily increase mass buying Co.

speculative demand, in sympathy power, causing automatic advances Early in February the plaintiff with the higher Liverpool prices, in commodities and prices. was introduced to the defendant by are attracting Southern Belling.

(Continued on Page 4) * friend of both parties.

The trade bought moderately on The friendship ripened and the declines. There is evidence. MYSTERY PLANE bread, the Department of Agricul- Italy fulfilled expectations by eventually defendant promised to that the fixing of prices seems to FOR US. NAVY. ture will provide butter, cheese and entering the Fourth Qualifying marry her, Intimacy took place be closeThe weather is un- ham for an abundance of sand Round for the 1934 Davis Cup later. wiches for the unemploy, it is Holland, however, made a splendid

Hydroplane Pursuit learned at the Department,"

Craft

is credited here with "ably banking house would act in any conducting his post in Havána dur-way to embarrass the Administra- ing the transition from the regime tion.

of former President Gerardo Ma- chado to the one of President Dr. Manuel Carlos de Cespedes y Ortiz. -United Press,

FIVE KILLED IN MANOEUVRES.

Japanese Losses In Naval Exercises.

Government to Provide Butter. ::

If local relief agencies, in the various states will provide.. the

Odd Match Win In 1934 Davis Cup.

Rotterdam, To-day,

In June the plaintiff discovered recovery and were beaten by only that she was in a certain condition. the odd match in five.

Following an announcement that the Agricultural Adjustment Com-

Scorer as cabled by Reuter were'; mission had decided to exert a de- finite control over the hog market. Hans Timmer. (Holland) - beat and purchase certain amounts of Rada 5-7, 6-1, 6-1, 6-1 pork, the Secretary of Agriculture, De Stafani (Italy) beat Karsten That five men were killed and air. Henry A. Wallace, said to-day 6-3, 6-2, 6-1. - six were lojured in the Japanese the Administration would also Koopman and G. Scheurleer navy manoeuvrea which ended on spend 0.580,000,000 in purchasing (Holland) boat Taroni and Quinta August 21, has been revealed in a butter and cheese,

Tokyo

beinted Navy Ofice communique. The prices of these commo"

The deaths were attributed to the high seas which swept “men overboard from, the destroyers.

One seaplane was also lost

"dities have lagged behind "most" `\pf...” the other: Me Wallace sald, and he expects the pur- chases, though, relatively {Continsled on" Page 131.

valle 6-4, 6-1, 2-4, 6-3.

Earler Resulta

The first, promise to marry her was made on February 5 and, In view of that promise, the plaintiff ceased her end--* Store, where she had worked as ployment at Hariram's: Silk

a' saleswoman.

The plaintia, Boss Baudete evidence, said she was living with

her mother.

⠀ In January last she went to visit ~~~~De Stefani....... (Italy) - best Hans à friend, Mrs. Sivanni, is Per Immer 11-9, 5-7, 16, 62.62. Bogd Her friend lived in a

tada (Italy), best – Karten 4-1, near the defendant

(Continued en Pari 1),

favourable: Beuter.

LOCAL DOLLAR UNCHANGED.

Washington, Aug. 15, Secretary of Navy Claude Swan, Silver Rises 3/16,

son to-day revealed that the Unit Despite the rise in silver, theed Stabes, navy has developed a dollar is unchanged, opening to-day plane surpassing all puranit ships at 1/4%

in speed and endurance, an On Saturday, silver both spot. He said that details of the plane

and forward, showed rise of 3/16 would be kept secret, as the Navy over the previous quotation, closing does not care to give the "enemy at 17-18/446 and 18:1/10 respective Information about ite

York

rabo,

• The Journal of Commerce" suggests that Mr. NormRE'S visit la connected with a "stabilisation pact by simul- taneous devaluation on the dollar and sterling, and a re turn to the gold standard. The United States Secretary of Treasury Mr. William H. Woodin has announced that currency înda tion is the United Stater is not at present being considered.

No · Expansion · Of Currency.

ACTION POSTPONED

New York, To-day. Expansion of the currency has been postponed.

Other market-factors are con

Bedanked for a definition of the en- London on New emy, Mr. Swanson said it was flicting, and for the present we pre- While New York "anybody unfavourable to this na-fer to avoid commitments-Beuter,

per Messrs. Ania Landa Ltd.

tion.”—17ylted Press.