1933-10-12 — Page 1

BEDFORD

MADE IN INGLANG

The British -

TRUCK

THE HONG KONG HOTEL

GARAGE.

The Hong Kong & Shanghai Hotels, Ltd..

Incorporated in Hong Kong.

*** Road. Happy Vallay.

Economical 27-h.p. 6-cylinde engine reducing vibre- Lion. reducing engine-wear, redue. Ing time-off-the- road, reducing - penses.

The dollar, on demand, closed

to-day at 1/4 3-4.

Library, Supreme

FINAL EDITIONUTI,

China Mail

Ext 1845.

THE OLDEST - ESTABLISHED NE VSPAPER IN THE FAR EAST

Est. 1845.

No. 28,545 HONG KONG, THURSDAY, OCTOBER 12, 1933. PRICE $3.00 Per Month.

ZAMBRENE WEATHERPROOFS

ARE

Superior.

BERNARDS OF HARWICH.

Outfitters.

CHATER ROAD, HONG KONG.

"UNOFFICIALS" FIND GENERAL SATISFACTION ON COLONY'S BUDGET

FAR EAST POLICY

BRITAIN MUST

ACT FIRMLY

WITH JAPAN

Dr. Sze Sees Effect In India.

AN INTERNATIONAL CONFERENCE ON CHINA

London, To-day.

Dr. Alfred Sze in an interview with "Reuter" on the eve of his depar- ture for Washington to resume his post as Chinese Minister, dwelt on the pressing importance of Far Eas- tern affairs to the whole world.

Chinn tain.

BUT CRITICISM IS FREELY VOICED

DELAY ON C.B.S. SITE

DEPLORED

SUGGESTIONS ON BUS SERVICES AND MEDICAL DEPT. SAVINGS

While criticism of several aspects of the Government's policy was voiced, general satisfaction was expressed concerning the Colony's Budget for 1934 during the Budget debate at the meeting of the Le- gislative Council, presided over by His Excellency the Governor, Sir William Peel, this afternoon. The Senior Unofficial Member, the Hon. Sir Henry Pollock, confined himself mainly to criticians and sugges. tions, while the Senior Chinese Member, the Hon. Dr. R. H. Kotewall, C.M.G., LL.D., adopted a more optimistic tone.

con-

He said that the Powers were

While welcoming the reductions obtained in regard to cer- torre policy regarding] tain items chargeable to the Military contribution, the Unofficial particularly Great Bri- Members pointed out that the contribution was almost four times This attitude was incon- as much as in 1910. Sir Henry Pollock suggested official sistent with Britain's great in-sideration of a reduction in duties on liquor, tobacco and opium. terest in China and her long in-

The Government's tax policy was supported by Dr. Katewall who, Limacy wh the Chinese, he

however, viewed with grave concern and apprehension, the increasing Haid.

cost of Administration. While expressing optimism for the Colony's future, he expressed disagreement with the opinion voiced in certain quarters that Hong Kong is still comparatively lightly taxed.

on

When European affairs were more settled, an inter- national conference оп China, especially

the future of Shanghai, would be absolutely necessary in view of Japan's position, he as serted,

After offering suggestions regarding legal departments, the auditor's report and public works extraordinary, Sir Henry Pollock expressed the hope that the Government would fully investigate the grievances that have been aired regarding the bus services. He was supported by Dr. Kotewall in expressing regret at "the The Powers were in n differ:|excessive pruning of the Medical Department estimates." and. ent position regarding Japan. bof] "particularly the parsimony that is dpparently being practiced on it would be impossible for her to the expendĦure in regard to the Malarial Bureau.” withstand a united attitude of

Pheir part.

i

Sir Henry was particular ly trenchant in his criticism of the deby regarding the contract for the completion of the site formation of the new site for the Central Kri- tish School.

The Hon. Sir Henry Pollock

said:

Kurt Torgler son of Ernest Torgier, the German Communist, who is now in prison in Germany, having been accused of com. plicity in the Réschstag fire) shown giving evidence" at a legni commission of inquiry at Carey Street, London, established to determine the responsibility for the burning of the Reichetag.

The mock trial, held simultaneously with the actual trial in Germany, found the prisoners "not guilty" and recorded a sun- picion that the fire was caused by the Nazis. (S. & G.).

BRITAIN

INCREASES

EPRIS

Further Expansion In Overseas Trade. --DECREASED PORTS

London. To-day.

A further expansion in overseas | not. in these hard times, postrade in September is revealed in Dr. Sze said that he did

ribly obtain larger local con- no1 doubt that the Indian

sumption and more revenue by the preliminary Board of Trade leaders were watching the

reducing the duties on liquor and figures. Imports during last month British policy in China close-

¡Tobacco.

vere, value at £57.772.000. a6 ly. They were all strongly

Reduction in Opium Revenue, against £56,754,000 in August and anti-Japanese and Dr. Sze

"Whilst fully recognising the £54,272,000 in September of last| expressed an opinion that if

of those who year. Britain gave way to Japan in

good intentions think that they China have a most adverse

enn succeed in Exports during September totalled prohibiting the smoking of £32,226,000. In the previous month effect to Britain's policy und

"It my privilege as Senior opium, we regret that, with our the value of exports was £30,997,000 future position in India.

Unofficial Member, to address Dr. Sze Faid that China was this Council regarding the Bud- we consider that such an aim is £26,223,000.

long experience of this Colony, and in September of last year) most anxious for Britain to make wet for 1934, on behalf of the

a hopeless one. he Minister to China an Am- whole body of the Unofficial! bassador. Recalling that Ameri- Membere, with the exception of New Post Office At Kowloon. ex intended to fake this step in The Honourable Mr. J. P. Braga, "It is satisfactory to note that 1928 but that Britain was un- who unfortunately was prevented the Government is seriously con- able at that time, to follow suit, by lness from attending our kidering the erecting of a new Dr. Sze said that from the con-Meeting, and the Honourable Mr.Post Office at Kowloon Point, and versations with President Roose Paul Lauder,

who was absent we hope that its erection will not velt during the Summer it ap from the Colony.

remain merely a pious hope for perced that Ameries was most "It comes as no surprise to many years to come as has hap likely to raise the question again those who have watched the depened in the case of the new this Winter. -Reuter,

pressing and progressively down-Gaol, the new Government Civil ward Course of trade in this Hospital, the new

Central Bri- NEW GOVERNOR OF Colony, which has naturally been tish School and

other projects accompanied by a big shrinkage, which have hung fire for so long CYPRUS.

in some of our important heads in the past after having been ap of revenue, to learn that the proved of in principle, Government

arr once again New Central British School.

Sir Herbert Palmer Appointed.

Re-exports of imported merchan- dise totalled last month £3,404,000 against £4,300,000 in August

and £2,902,000 in September of Inst

year.

An encouraging feature of the returns is that the chief increases in exports are under dealing of articles wholly or mainly manufactured. AB compared with September. 1932, their value has risen from £19,751,000 to £24,642,000. The chief inercase in importa re- lates to raw materials.

A review of the January-Septem- her period of the current year shows Importe totalling £487,823,000 and

producing a "colourless budget." "In regard to the new Central exports totalling £288,300,000. In "Perhaps the only thing upon British School, this seems a can- the first nine months of 1932 im- (which the Colony can whole- venient point to interpose some ports amounted to £520,213,000 and London, To-day,

heartedly congratulate itself, in words of criticism.

exports £271,107,000--British Wire- Sir Herbert Richmond Palmer, connection with the Estimates K.C.M.G.. Governor of the Gambla for 1934, is that no increase of

September

22,

"On

less Service. 1932, in the debate on the Budget for

H.M.S. HOOD"

False Rumours About Giant Battleship.

since 1930, and previously Lieu Laxation is considered necessary, 1933 (see Hong Kong Hansard "NO UNREST ON «tenant-Governor of the Northern as might well have been the case for 1982, at page 154) the then

Provinces. Nigeria, has

been ap if the course of Exchange between acting Colonial Secretary, the pointed Governor and Commander-our local dollar and sterling had Honourable Mr. E. R. Halifax, in-Chief of Cyprus in succession to been less favourable to us. At

said:- Sar Reginald Edward Stubbs the same time we have the sum G.C.M.G.--British Wireless Ser-jof $500,000 re the Naval Arsenal

land Kellett Island still unpaid.

"And now,

for convenience sake. I will endeavour, in reply. to the speech of the Honourable the Acting Colonial Secretary, to deal with the various subjects

vice.

(Continued on Page 7).

NEW MINISTER TO MONTEVIDEO.

Mr. Millington-Drake Appointed.

"The Government has select- ed the Government Civil Hos pital, the

Central British

· REPORT ·

London, To-day. British Admiralty The yesterday issued a state- the ment declaring that rumours of unrest in the battleship, H.M.S. Hood, the Jargest man-of-war in the world, given prominence in a newspaper, Is an entire fabrication.

School and the Kowloon Hos- ADMIRALTY DENIES NEWSPAPER pital; as the objects on which attention should most imme- diately be concentrated." " dealt with by him in the same tion as regards the site for the "The results of that concentra- order as he has done.

new Central British School havej Decrease In Liquor And Tobacco been particularly disappointing.

Duties.

"In view of the fact that the London, To-day. "With regard to the consider site, which had been originallý His Majesty the King, has ap-able drop in the import duties on selected for the School, had proved the appointment of Mr.liquor and tobacco for the first (notwithstanding repeated "pro- Eugen Millington-Drake, Counsellor half of 1983 as compared with tests, from the Kowloon Ee- at the British Embassy at Buenos the Estimates for that period, sidents' Association) at the time Aires, to be Envoy Extraordinary we should Uke, as drinks and when the then Acting Colonial and Minister Plenipotentiary at smokes are perhaps the last Secretary made the above re- Montevideo-British Wireless Ser-things which people ordinarily marks, been already appropriat- forego, a searching inquiry to be ed as a site for the new Montal Imade as to whether we might| (Continued on Page 7950'

viqe.

(Continued on Page 7),

Their Lordships deeply re gret that they are forced to deny a baseless rumour, re- fecting on such a splendid ship's company, the, state- ment adds. — Reuter.

ENGLAND AUSTRALIA AIR MAIL WITHIN 12 MONTHS

Imperial Airways Investigating Atlantic Service Prospects

London, To-day. Sir Samuel Instone, a Director of Imperial Airways, yesterday announced that it was hoped to operate a complete England to Australia air mail within 10 or 12 months, and added that Im- perial Airways were actively in- vestigating the projected Atlantic air mail to connect with the air mail systems of North America. -British Wireless Service.

TO AUSTRALIA IN

SEVEN DAYS

Kingsford Smith Congratulated.

SCOTT TO TRY TO REGAIN FLIGHT RECORD

London, To-day,

JAPAN'S TRADE COMPETITION

TOO SEVERE from Lympne England, to Wynd- Silk Manufactures Protest.

The news of Air Commodore Sirj Charles Kingsford Smith's great Jachievement in completing a fight

WANT QUOTA OR TOTAL *PROHIBITION

London, To-day,

The suggestion that the Bri- tish Goverment take steps im- mediately to regulate the im- ports of Japanese silk-goods by quota or, if necessary, by to- tal prohibition, was made by the Joint Industrial Council of the Silk Industry after a meet- ing at Manchester, yesterday.

The Council declares that many British workers are un- employed owing to Japanese competition.

In view of the difference in economic conditions in the two countries it is impossible for British silk manufacturers to market products at prices competing with Japan, the Council states.-Reuter.

FIRM ATTITUDE TO GERMANY

POUND AND

DOLLAR TO BE

STABILISED?

Reasons For Steadier U.S. Exchange,

SILVER INCLUDED IN MONETARY PROGRAMME

New York, To-day.

The steadier United States dollar is attributed to a series of rumours that stabilisation and re-valuation is not far distant.

The "Wall Street Journal" states that the Federal Reserve Governors are discussing details of a menet- ary programme with a complement- ary programme of crédit expansion. The programme, it is supposed, in- cludes silver, without, however, involving a straightout bimetallic standard.

announce

Mr. Black, Governor of the Federal Reserve, states that the Government will shortly 4 plan for freeing 1.8.$1,500,000,000 of frozen deposits through a giant Federal liquidating corpora tion.

4

| ham, Western Australia, in & re-

cord time of 7 days, 4 hours, 44 He said it was not yet determin minutes, was Immediately telephoned whether the funds would be ob ed to Sandringham, where His Me-tainable from the Reconstruction jesty the King, who takes the keen- Finance Corporation or indirectly est Interest in aviation develop through the Federal Reserve,- mènts). Is in residence,

United Press, „Pør S. C. Góld · Bar

The Marquis of Londonderry, Se; Co. |cretary for Air, cabled the famous

Australian airman as follows:

On behalf of the Air Council 1 TWO BILLION ́ ́

send you warmest congratulations

on your magnificent flight."

The Royal Aero Club also cabled congratulations to Sir Charles and Mr. C. W. A. Scott, who has Throughout expressed confidence that his record of 8 days, 20 hours, 47 minutes, would be broken by his İrival said, "I could wish for no to take the record fner airman from me.

"Of course I shall have an- other go at regaining it.”—Bri- tish Wireless Service.

WAR DEBT PLAN

AWAITED

Britain To Propose

Reduction.

FURTHER NEGOTIATIONS IN WASHINGTON

Washington, To-day: Further war debt discussions are scheduled to take place to-

Re-Arming Will Not Be day between Mr. Dean Ache-

Countenanced.

2.

POWERS AGREE AT GENEVA

son, United States Under-e- cretary for the Treasury, and Sir Frederick Leith-Ross, Chief Economic Adviser · to the Bri. tish Governments.

It is thought that the British de-"

London, To-day. Conversations

on the Disarma- legate may present a reduction plan. ment question were continued at The amount desired is a mystery, Geneva yesterday, and in the after but London reports reiterate that noon the leading British, French either a lump sum payment of 10 and United States delegates had a per cent. or a series of reduced pay- sitting lasting for about an hour. ments will be proposed. Sir Frede- According to Geneva press... Trick Leith-Ross declines to discuss mesanges iį was stated · ́at the [the matter.-United Press, per 8.C. conclusion that complete agree--

Gold Bar Co. ment had been reached that re- by Germany during the preliminary period to be pro- vided for by the proposed; Dis- armament Convention would not be countenanced,

M. Paul Boncour returned to „Paris last night to report to his Government. British Wireless Service.

WEATHER FORECAST

(Continued on Page 7).

NEW YORK ·BANKER PASSES.

Mr. C. H. Sabin.

New York, To-day.

BOND ISSUE

IN AMERICA Huge Government Transaction.

AMOUNT OF LOAN CAUSES SURPRISE

Washington, To-day. The United States Treasury yesterday issued a re-funding call for U.S.$1,876,000,000 of the U.S.$6,000,000,000

outstanding

issue of Fourth Liberty Bonds and have simultaneously an- nounced a new issue of 12-year bonds for the same amount, of which U.S.8500,000,000 will be offered at D cash price of U.S.$101.5 while others will be exchanged for bonds of the Fourth Liberty Loan.

The new bonds bear interest at the rate of 41⁄2 per cent, for the first year and 9% per gent, thereafter.

The amount of the new issue of 12-year bonds is not speel- 'fied, but it is expected to ex- ceed U.S.$2,600,600,000. IN " The announcement came as a sur- prise, as the Government must bor- from U.S.$6,000,000,000 to |U.B.$8,000,000,000 in addition to the conversion of the Fourth Liberty Loan.-Reuter.

row

(Continued on Page 7).

U.S. BANKING PROGRAMME.

Steady Progress Made.

Washington, To-day. President Roosevelt yesterday an- nounced that the banking pro- gramme is making steady progress, with emphasia on the immediate paying of depositors in closed banks by providing capital to enable closed,

W

"The death occurred here yesterday banks to re-open.

of Mr. Charles Hamilton Sabin, the The President is withholding de well-known American banker and tails of his new plan for extending Chairman of the Board of the further aid to banks, and is unde- Cloudy generally, with fresh Guaranty, Trust Company of Newcided whether to create a Federal north-easterly winds, is the forecast York

liquidating porporation or a Federal Issued by the Royal Observatory to Mr. Sabin was in bis 66th

bank United Presi, per: B.C. Gold day.

Reister,

Bar Co.