1933-10-17 — Page 1

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these

BEDFORD

MADE IN ENGLAND

on Your work

HONG KONG HOTEL GARAGE,

STUBBS ROAD.

The dollar, on demand, cloned

to-day at 1/4 3-4.

FINAL EDITION-

China Mail

Ext. 1848.

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

TUESDAY, OCTOBER 17, 1933.

Tel. 27778.

No. 28,549

HONG KONG,

Fat 1848.

PRICE $3.00 Per Month.

BERNARDS' OF HARWICH

GENTLEMEN'S OUTFITTERS

PIONEERS OF

Quality Goods at Reasonable prices.

CHATER ROAD, HONG KONG..

"PEACE-OR COLLAPSE INTO BARBARISM WITH HORRORS OF WAR"

U.S. DOLLAR RISING

EUROPEAN

MONEY RUSHED

TO AMERICA

Political Struggles

In Europe.

U. S. TO REMAIN ALOOF

New York, To-day. The rising United! States dollar is partly due to the European

NAZI COUP FRUSTRATED BY AUSTRIAN POLICE AT LINZ

High Official Javolved in Plot To Seize Garrison

Vienna, To-day.

A Nazi coup in Linz war fore stalled when the police raided

1

house known as a Nazi meeting place and arrested an Acting-

MAD ARMAMENT

RACE FEARED DRAMATIC APPEAL BY MR. HENDERSON

Lieutenant of the Austrian Army DISARMAMENT

and a number of higher officers atul civilians.

The meeting was found to have possession of detailed plans for

the selgure of the Lins garrison.

All the men were arrested and will be harged with high treason.

... Rouler.

CONVENTION MUST

BE PRODUCED

Geneva, To-day.

"The choice before us is peace or war-progressive Disarmament by world action or a mad race to increase both defensive and offen- sive weapons-peaceful development or a collapse into barbarism with "declared the experience of the horrors and savagery of modern war,"

crisis which is believed EX-KAISER LAUDS Mr. Arthur Henderson, President of the Disarmament Conference, in a

to be hastening the re- patriation of millions of dollars from Europe, and also a rush of Euro-

to pean money New York.

Reviewers are discuss-1 ing the possibility of the Government selling the dollar should the old parity be regained, which

HITLER

Not Returning To Germany.

"NAZIS NOT MONARCHISTS"

Amsterdam, To-day.

The ex-Kalser, in an inter- view to-day, applauded Herr Hitler's action and said the only surprising thing was that Germany had remained a mem-

ber of the League for an long,

Germany, be, enid, entered

the

will endanger the pre-League with honest intentions, but sent price structure of they were always treated on an un-

jequal footing. commodities.

I

The former Kaiser went

AR

no

10 declare that there waRS question of his return to Ger many.

He fully realised that Herr Hit-

The highest quarters in the Un ited States are still anxious to aid Disarmament, but are determined to remain aloof from the European poler at present had other things to litical struggles which Germany has think of than the restoration of the precipitated.-United Press, per S. Monarchy, which in any case was r. Gold Bar Co.

ISOLATION POLICY

ADVOCATED.

Washington, Tonny

The United States Administra

leave the 1 fon has decided to European Powers to decide whe-[ ther Disarmament efforts shall be continued on a general scale. and the United States will not Tar represented at the Confer

nces on the Continent this week.

It is disclosed that the United States is must an xious that there should be no political entanglementis

in the negotiations arising

broadcast address yesterday evening.

It was vital that the Disarmament Conference should produce a genuine Convention despite Germany's withdrawal, he said. national anarchists whatever the pretext on which they propose

"We cannot let world law and order be undermined by inter-

ito flout the law," Mr. Henderson continued.

"Through world co-operation based on upholding the League Covenant and the Paris Pact, we can finally get Disarmament and make peace secure, but if we suffer Treaties to become scraps of paper we shall get nat Dis-' armament, but another war.

"A grave and terrible responsibility therefore rests on all of us

The marriage of Gwen, the daughter of Louis van stå chowaseinalakay the famous tenor, and Mr. Edward Pyke, at Brompton Oratory, London.-Count John McCormack, arriving with his daughter. (S. & G.).

FANG AND CHI TO TRAVEL ABROAD? Rebel Leaders' Request

To Government.

İN. CHINA LOOKS FOR PEACE

Peking. To-day.

Generals Fang Chen-wu and

Chi Hung-chang have not enter-

to see that the Collective peace system, based on the League of Na-ed Peking but late last night tions, is not destroyed," he declared.― Reuter

ILL-JUDGED

www.

Germany's Action Deplored.

CHAMBERLAIN EXPRESSES

BRITAIN'S POLICY

motored to Tientsin, where they

remaining pending

are now

a

ILS

to their future. They wish to travel abroad and it is expected| that their wishes will be met.

General Chi Hunshang, does not appear

to have completely overcome his re. volutionary Instincts, as he says he wants to proceed to Cuba.

Dr. Benes, of Czecho-slovakia. PRECIPITATE AND decision by the Government rapporteur to the Disarmament Con- ference in an interview with Reuter yesterday expressed an opinion that a Disarmament Convention through negotiation with the Great It must Powers was impossible. come through Geneva.

The best course at present was Boy part of the Nazi programme.—to give Germany time to appreciate the real facts of the situation and let the sense of complete isolation thoroughly sink in.--Reuter.

Reuter.

LONDON STOCKS LOWER

Precautionary Step.

UNCERTAINTIES OF WORLD SITUATION

of

London, To-day,

In view of the uncertainties the international gitua- tion, dealers on the London Stock Exchange, at the opening of the markets yes. terday, took the usual pre- cautionary

of lowering quotations.

ADJOURNED FOR

10 DAYS.

Reasons For Withdrawal Not Valid.

London, To-day.

MR.

re-

With the end of the rebellion. North China is looking forward to a period of peace and recon- struction after a hectic year war, invasion and rebellion.-- Reuter

BRITISH MOTOR TRADE BRISK.

Last Year's Olympia Figures Bettered.

of

ULM

RECOVERY PROGRESS

INFLATION ·

TALK DYING

DOWN IN U.S. Monetary Revolution Unnecessary?

HUGE R.F.C. LOANS TO FIG-FIXIES

New York, To-day.

Mr. Roger Ward Babson, the statistician and economist, says that the old fundamental principles are still working underneath, despite the confused surface on account of

AHEAD OF the new economics, wherefore busi

ness is definitely headed for a per- RECORD

fiod of action.

Stocks will raise earnings and

England-Australia Flier reports will soon be good news.

At Calcutta.

*London. To-day.

The wild indation talk is gradually dying and people are beginning to believe in the possibilities of a gen-

without uine recovery monetary revolution,

United States oficials hail the Reconstruction Finance Corporation purchase of stock in the Continental and Illinois Bank and Trust Cor poration as dispelling the fears that the capital expansion pro- gramine might be difficult to extend [to largër institutions.

Mr. Charles T. P. Ulm, the Australian airman, who is attempting to establish a new England Australia flight record, reached Cal- cutta yesterday, slightly ahead of Air Commodore Sir

Kingsford Charles Smith's schedule, despite head winds and heavy rain which necessitated landing on the way from Karachi. Mr. Ulm's time from London nounced the establishing of a deposit to Karachi, where he landed liquidation digleton in the Recon- Jon Sunday, was 2 days, 14 hours, jstructioninance Corporation- British Wireless which use will the Corporation's 14 minuten.

funds to liquidate the US$1,000,- Service.

900,000 deposits in closed banks which are unable to open.

Ulm Hops Off For Burma.

Calcutta, To-day. Ulm hopped off from here at 9.05 am.

(local time) to-day for Akyab, Burma-Reuter,

NATHAN ROAD CAR SMASH.

Identity Of European Driver Known,

London, To-day. The first British Cabinet on Ger- Minister to comment

the many's withdrawal from Disarmament Conference is the the Chancellor of the Exche- quer, Mr. Neville Chamberlain who, in a speech at Notting- ham, yesterday, described Ger- many's action as "precipitate and Ill-judged" and most grettable.

Sir John He emphasised that Simon's proposals, supported by The Disarmament Conference France, the United States and Italy yesterday decided on ten day's ad- were designed to give Germany com journment to enable delegates to plete equality of treatment within

x reasonable period. consult their respective Govern-!

The situation required the most the situation ments in regard to

calm and deliberate consideration.

Mr. Chamberlain deprecated hasty created by Germany's withdrawal.

The Bureau of Conference will comment and alarmist speculation previously, was centred entirely gestion of panic selling and the on world Disarmament matters, city took the situation calmly. meet again on October 25 and the and urged the reserving of judg- on the day ment until the representatives of and the United States will not Although little business passed General Commission

Britain and other countries had cos- become politically aligned with prices recovered steadily through-following. any European Power. Reuter. out the day and generally finish-{

Before adjourning, the delegates sulted regarding the implications of jed above the worst.

adopted the text of the reply to this unfortunate incident" and the

sued-Reuter. German bonds, 52 per cent, Germany's notification of with course which ought to be now pur- closed at 46, with 7 per cent. drawal from the Conference. ial 7384

This reply, despatched by the British 314 per cent. War Loan President of Conference,

Mr. closed at 101 3/16. Home rails Arthur Henderson to Baron Von and industrials, and Kaffis, Neurath, German Foreign Minister, showed some recovery. —, British read as follows: Wireless Service,

"I have now communicated to the The Foreign Secretary, Sir John ment, it is understood that Britain easterly winds, is the forecast for General Commission' your Excel Simon, left Geneva for London last has not yet presented a concise plan. to-day issued by the Royal Observa-

from the present crisis.

It is felt in. Washington that

measure

such unity of purpose as existed There was, however, no sug-

STOCKS CRASH 6 POINTS. Heavy Slump On Wall Street.

New York, To-day.

A sharp decline occurred on Wall Street yesterday, some stocks dropping as much as 6 points. Industrial averages slumped 5,19 to 90.49, while rails dropped 2:78 to 37.84. Uities and bonds declin- cd 1.89 and .27 to 24.75 and 84.61 respectively.

Business was brisk on the Stock Exchange, 2,670,000 shares. being traded-Reuter.

CHICAGO WORLD FAIR Record Attendances" And Profits

Cabinet Meeting To-morrow.

London, To-day.

London, To-day. Daily attendances at the Interna-

The identity of the European tional Motor Show at Olympia, Lon-whose ear demolished a traffic island

considerable 1

at the junction of Argyle Street and don, so far show increase on last year, and British Nathan Road at midnight on Sun- exhibitors report exceptionally brisk day last has been discovered.

He is stated to be Mr. E. Funcki business-British Wireless Service.

of Messrs. Jebsen and Co.

TYPHOON MOVING

WAR DEBT TALKS.

No British Plan Yet Presented.

Washington, To-day. Following another Anglo-Ameri-

NORTHWARDS. To-day's Weather Forecast.

An intense depression is situated can war debt discussion between Mr. Dean Acheson, United States Under-to the north-east of Hokkaido and Secretary of the Treasury, and Sir the typhoon is about 500 miles cast Frederick Leith-Boss, Chief Econo- of Balintang Channel.

Fine generally, with fresh north mic Adviser to the British Govern-

MINIMUM PRICES tency's telegram of October 14, an night. He will attend the usual Another meeting takes place to-tory."

FOR U.S. OIL

30,000 Steel Strikers Return To Work.

Washington, Today,

nouncing the decision of the Ger Wednesday meeting of the Cabinet,morrow-United Preas, per 8.C, taan Government to discontinue when the Disarmament situation Gold Bar Co. participating in the work of the will be examined in the light of Conference for the reduction and recent developments." limitation of, armaments, and in- He will see the Prime Minister, dicating reasons for that decision. Mr. Ramsay MacDonald, immediate- ly on his return.-British Wireless "(Continued' on Page 10),

Bérvice.

Mr. Harold L. Lekes, United States Secretary of Interior, has NO GERMAN REPLY. fixed the minimum prices of petro- leum and its producia, effective from December 1,

J.

•

Berlin, To-day. Germany does not intend to reply The basin is 38-gravity | mid-to Mr. Arthur, Henderson's letter

Neur Continent crude oil Axed at US-according to Baron" Chicago, To-day, $1.11 per barrel, other prices vary, German Foreign"/ It is estimated that the attending upward and downward accord when interviewed by

day, said ance at the Chicago World Fair Wasing to quality

The Labour Board have settled 22,500,000, thus Insuring the greatest financial success in the his- the strike of 20,000 national stoel- tory of America-United Press, per workers in the Pillsburg area B.C. Gold Bar Co.

Router

Delegates Leaving Geneva

Geneva Yesterday.

1375 SUBPOENAS

Wall St, Members For Enquiry.

Washington, To-day, One thousand three hun- dred and seventy-five members of the New York Block Ex-

The hands of most of the prin-change will be suoppenrad to cipal delegations to the Disarma

uter yester ment Conference, including Bir John Elmon and M. Paul-Boncour, are leaving Immediately to consult; with their Governments during the

adjournment Reubat

the Conference,

HUGE U. S. BOND· ISSUE OVER-SUBSCRIBED

President Roosevelt yesterday an-

In most cases, depósitors will re- ceive 50 per cent of their deposits, the Reconstruction Finance Cor- poration taking the banks assets as loan security instead of forcing the bank to sell its assets in the open market.

This liquidation is applicable only to those banks which have been Iclosed since January 1-United Press, per S. C. Gald Bar Co.

LIQUOR TAX IN AMERICA.

$500,000,000 Revenue.

Washington, To-day. Advisers will next week sub- mit to President Roosevelt, a specific plan for liquor control taxation in the United States.

It is understood that they anticipate at least US$500,- 000,000 in new revenues.—Un- Ited Press, per 8. C. Gold Bar Co.

Huge Cotton Loan.

Washington, To-day, The United States Recovery Finance Corporation have allocated U.S.$250,000,000 to the Commodity Credit Corporation, for cotton loans.

Reuter.

Wheat Embargo In North Dakota.

Bismarck, N. Dakota, To-day. The Governor of Dakota will pro- claim an embargo on the export of": The United States, Treasury an- wheat, at midnight on Thursday

Washington, To-day.

nounce that the new U.B.$1,875,- next.

000,000. Issue of 12-year bonds for

The embargo will continue inde the re-funding call for that amount initely, the object being to raise of the U.S.$8,000,000,000 Issue of prices and to draw the attention of Fourth Liberty Bonds, has been the nation to the plight of farmers. well over-subscribed.

Reuter,

A total of US.$500,000,000 was offered at a ceth price of

} U.8.4101 5.—Router

Big Ore Strike.

Virginia City, Levado, To-day. appear before the Senate

Ore assaying at U.8.$2,000, a ton Banking Conimisalon, which is Inquiring into Block Exchange The forthcoming marriage between has been struck in one of the an- transactions, following the reWilliam O'Neill, Rester's Kanager in cient Comstock mines.

Hong Kong, of a, Humphreys Building

The ore a Yeaproposed of: 40 - Kirk af Kowloon, and Margaret Risk Bride, gent, gold and be cost- milwer

United Prosper B.C. Gold Bar Co.

fusal of the Board of Govern

ors to submit to Mr. Fectra's questionnaireReuter,"

announced;: