1933-10-19 — Page 1

BEDFORD

MADE

ENGLAND

THE HONG KONG HOTEL

GARAGE.

The Hong Kong & Shangha Hotels, Ltd..

The British-

TRUCK

Incorporated in Hong Kong.

+bus Road flappy Valley,

Economical 27-b.p. 6-cylinder engine -reducing vibra- tion, reducing engine-wear, reduc ing time-off-the- road, reducing ex-

penses.

The dollar, on demand, closed

-to-day at 1/4 3-1.

Library, Supreme

FINAL EDITION

China Mail

Ex 1N13.

THE OLDEST - ESTABLISHED NE ISPAPER IN THE FAR EAST

Fat 1845.

No. 28,551 HONG KONG, THURSDAY, OCTOBER 19, 1933. PRICE $3.00 Per Month.

Dowlan

ZAMBRENE WEATHERPROOFS

ARE

Superior.

BERNARDS' OF HARWICH.

Outfitters.

CHATER ROAD.

HONG KONG.

NEW YORK RUMOURS OF FRANCE ABANDONING GOLD STANDARD

Signor Stoppani, of It.iy. who took part in the recent Geneva discussions in London.

SWISS UNEASY

OF GERMANY'S

CURRENCIES WEAKEN

STERLING

AND FRANC

BOTH FALL

Franc Loses 28 Points

Against Dollar.

FIRM TONE ON LONDON STOCK MARKETS

1

'AMERICA'S STEPS TO CONTROL

COTTON INDUSTRY

N. R. A. To Regulate Purchase Of Production Machinery

Washington, To-day.

No new productive machinery may be installed in the cotton and textiln industry in the United Stator without the permission of General Hugh S. Johnron, heed of the National Recovery Administra- tion. necording Lo regulations dealing with the industry, which he has just approved. Reuter.

!

US.

New York, To-day.

RECOVERY The rumours on the CAMPAIGN Exchange Market here,'

that France is abandon- New Tariffs To Protect WAK THREAT ing the gold standard

Plan To Increase

Defences.

SWITZERLAND SEEN AS "DOOR" TO FRANCE

Geneva, To-day. Switzerland is un- easy regarding the recent developments in Europe, coupled with reports that Germany, in the event of war, is con- templating march

France ing to

Switzer- through land.

It is understood that a Bill will short- ly be submitted to the Chamber of the National Council, authorising 100,000,- 000 francs expendi- ture on defences. Reuter.

DESPERATE BID FOR RECORD

Ulm To Continue Without Rest.

REACHED SOURABAYA AT

DAWN TO-DAY

Sourabaya, To-day.

was responsible for a considerable weakening of European currencies, yesterday.

Price Levels.

PENNSYLVANIA STRIKE TROUBLES

INFLATION UNLIKELY

SOUND MONEY

PROGRAMME

IN AMERICA

Roosevelt's Advisers Present Plans.

ULTIMATE RETURN TO GOLD STANDARD ·

New York, To-day. Mr. Richard Gridley, in a copy- righted article for the "United

Press," states that he has learned authoritatively, that President Roosevelt's advisers have examined minutely, 50 proposed monetary plans which are now sifted down to a few basic proposals, all of which Washington, To-day. provide for sound money. An order, directing the United The franc opened at states Tariff Commlesion to inves-

The remaining plani now being 5.80 and closed at 5.52, tigate and recommend what imports considered, wholly ignore, the is

should be restricted in order to suance of "greenbacks," non-in- while sterling fell from prevent alleged jeepard sing of the terest bearing treasury notes, and £-G4.61% to £-G$4.501⁄4. domestic price level, has been all other plans which would inflate

-Reuter.

drawn up by an executive, and now. awaits President Roosevelt's sign-

currency...

The Royal Court Theatre, Liverpool, received much damage when a fire broke out on Sept. 24 Firemen had narrow escapes when the roof fell in. The stage alone was saved, this being due to the lowering of the safely curtain.

A view of the chaos of the interior of the theatre. Chimneys of neighbouring buildings may be seen through the space where the roof has fallen in. The safety curtains remains down, & G.

18.

TAXI ROBBERY

ALLEGED AT

CASTLE PEAK European And 2 Indians: Arrested.

POLICE SHROFF IN COURT

Embezzlement Charges London, To-day. 'ature.--Regter.

While President Roosevelt f

Concerning $3.170, Pittsburg, To-day. still convinced that prices are The underlying

The settlement of the strike in the too low, it is understood that his strength of the markets coal mines has now come before the advisers hold that es can ad, TEMPTATION IN HIS WAY" has been demonstrated band of the National Recovery Advance on a'sound 15

Eleven additional charges in ministration. General Bugh Johnson, It is also understood that the in a remarkable fashion

und President Roosevelt, following Administration had planned the coonnection with monies embezzled by the steadiness played the breakdown of the conference be-pronouncement of their policy from the Accounts Office at Police

Mine-Workers this week. but the unexpected Headquarters, tween the United

break in market prices has`,caus- against Ng Wong-tsoi, a former Po- concerned in an assault and

Reuter,

Banks Patriotic But Sceptical.

The work is continuing for the ultimate stabilization of the dollar with the pound with the possibility that the United States will return to

a modified gold standard sometime next Spring.

10

were preferred

Assault And Larceny Charged

A European and two Indians are at present in custody R Yaumati Police Station, deta'n- ed on suspicion of having been

larceny from the person of a- taxi-driver on the Castle Peak Road at about 4 a.m. on Tues- day,

Identified.

THE NAVY'S STRENGTH

NEVER MORE

ZEALOUS OR

EFFICIENT

Sea Lord's Review Of Developments.

"NATION MUST TAKE STOCK OF ITS DEFENCE POSITION"

London, To-day,

The nation must take stock

of its defence position and consider whether it is main- taining its naval strength in ac- cordance with its policy, de- clared Admiral Str Emle Chat field, First Sca Lord of the Ad- miralty and Chief of Naval Staff, in a speech at Sheffield, yesterday.

He declared that the Navy was never more efficient er more zealous.*

He called attention to rečent naval development and said that the fuel consumption had been reduced by, one-third since the War. Torpedo- boats and submarines had un- dergone improvements, and H; My Submarine-Thames was fitted witdraaiercharged heavy oil engines which developed the unprecedented out put of 10,000 horse-power-Reuter.

FANGLO GERMAN

HARMONY IS

MUTUAL AIM

Co-operation.

DELCOMED TO BERLIN

Investigations are still in their NEW BRITISH AMBASSADOR early stages, but the Chinese taxi- The total of montes em.

driver, who is employed by the: bezzled amounted to $3,170.

Kowloon Tax! Company, alleges The Magistrate, Mr. Schofield, that a sum of $4 was taken from withdrew this charge against his person.

the defendant.

London, To-day.

Sir Eric Philipps the new British

on the London Stock Ex-Unis and the Frick Company. change during the period The latter Gre refusing the ed a postponement until prices

recognition are restored or until the marketlice shroff, at the Central Police of political uncertainty Union's demand for

situation can be examined with Court this afternoon. 'caused by Germany's de-

Chlef Detective Shannon asked. a possibility of learning the ex- cision to leave the

tent of the manipulations.

leave

withdraw the first

K The name of the European has Advisers are League of Nations

convinced that charge, that of converting,

use un not yet been divulged by the po there will be no paper money ex-bailee, $18 to his own and the Disarmament

New York, To-day.

cept as a inst resort to save the January 28 this year, Mr. Stone, lice, as no identification has yet Von Hindenburg Urges

made. The two Indians, Conference, announced

Following the recent authorisa

monetary structure, because the, the Police Accountant, being ab. been tion of the Reconstruction Finance

sound money advocates are now sent from the Colony and his bowever, are stated to have been on Saturday.

evidence in the saddle.

to being necessary There has been a marked absence Corporation to buy capital notes or

prove the charge. preferred stock from banks to pro- of large selling and no general b-vide them with additional funds to! quidation. Home industrial stocks lend to business houses, the Clear- yesterday displayed renewed activi-ing Ilause Banka in the United ty and movements were in favour States have announced that they will

holders.

sell the Corporation U.S.$200,000,-

It is alleged by the taxi-driver, Ambassador in Berlin, in presenting 1000 worth of such notes and stock,

Continuing Inspector Shannon that three men hired the taxi in his credentials yesterday to Presi At the close, British Government although they do not believe

that

were Kowloon and drove to Castle Peak. dent Von Hindenburg, said, "I am Stocks were firm under the lead of they can profitably use

The ease with which the Govern- said that the other charges the funds ment

identical except for the dates and on the return journey, the passon-proud to have been entrusted with ** sold the U.S.$500,000,000 month of occurance. War Loan. 31⁄2 per cent. which thus acquired.

The additional gera requested the driver to stop. this honourable mission at so im- were quoted at 101 7/16 on in-

They declare that they are acting advisers that there is no necessity charges included sums of $200 de-

On alighting, the European ask-, vestment buying.

drivers, ed the driver to let him have a look portant a juncture. Never before on the grounds of patriotism rather for issuing paper money not backed Posted by public vehicle Japanese issues advanced and than necessity.—Reuter.

by metallic or other sound reserves. required by the traffic regulations at the engine, The latter did so, has International co-operation been before they could receive their and while bending over the bonnet, more necessary in financial, econo gradual gain over last year. Meanwhile, price indexes show

license.

the European seized him and threw mic and political spheres.” Temporary receipts, some type. him to the ground, and also hit him, "So long as I am privileged to On the basis of 1926 averages, the written and others hand written, twice in the face. The sailant represent His Majesty's Govern. September index was 70.8 while the were issued by the defendant who then Inserted his hand into the ment in Berlin I shall devote my August figure was 69.5. September received the deposit money, and for driver's pocket and extracted the best endeavours to the cultiva was 16 points above February and which an official receipt was to be money.

tion of friendly relations between given from the Treasury. "This The European then climbed into four two countries. put temptation into the defendant's the driving seat and forced

Replying, the President agreed way and gave him a loophole by driver to sit beside him, as he was that the present time, .. more which he was able to embezzle by unable to manipulate the gears, In than ever before, demanded co- The this manner they returned to Kow operation in political, economić loon where the occupants decamped, and financial spheres. He be said the taxi-driver,

lieved that to solve the, difficul- During the course of enquiries ties of each individual country in- yesterday, the two Indians were ar- the future, joint efforts were re- rested in different houses by Detecquired.

German bonds finished firm. South 15-CENT COTTON DEMANDED African gold mining shares regis-

BY FARMERS tered substantial gains.--British

London Mystified At Franc's Fall.

London, To-day.

In a last effort to break the Enx-Wireless Service. lund-Australja flight record of 7 days, 4 hours, 44 minutes, recently established by his former colleague, Air Commodore Sir Charles Kings- ford Smith, the Australian aliraan. Mr. C. T. P. Ulm has decided to take off from here without resting,

He arrived here at 6.25 .. (local time) from Alor Star, F.M.S, having left the latter place ysterday afternoon, and intends to start on his lást hop ason as his plane has been refuelled,

Mr. Ulm left London on Thursday night last, and reached Karachi, in 2 days, 14 hours, 14 minutes. Be- tween Karachi and Calcutta, how: ever, he encountered bad weather which caused him to lose some hours.

--Reuter.

MACHINE STUCK

IN MUD:

Several Hours Delay.

Sourabaya, later,

When Ulm, tried to take off from here at 9 a.m. to-day 24

chine stuck in a patch of mad, causing probably several hours'

New Orleans, To-day, The American Colton Co- -Operative Association ‘has demanded 15 cents per pound for cotton as soon as the 1954 acreage reduction is completed.

Brtish financial circles are mystified at the heavy selling of French france from Paris yesterday evening, causing m It is asserted that unless the price! quick drop from 79.67 to 81.50

is advanced, 660,000 farmera may before closing at 81 1/16.

dump 2,400,000 bales of culton on London operators are inclined to the market soon because they direly associate it with the proposed new need the cash-Router.

taxes in the French Budget, while

fi is also pointed out that at auch KING'S INTEREST IN

a late hour, there is usually little resistance and that the market had an unsteadying influence-Reuter,

.

LOCAL SWIMMER HONOURED,

Miss Yeung Sau-king To Launch Ferry.

Nanking, To-day,

Kong, who distinguished herself in

Miss Young Bau-king, of Hong

DISARMAMENT.

[SIR · JOHN · · SIMON: SUMMONED

· TO SANDRINGHAM-

London, To-day.

- A full meeting of the Cabinet took place yesterday, and it is. understood that the Disarma- ment question was fully conel- dered in the light of recent events,

bond issue has convinced monetary

4

is now the highest since October |1931.-United Press, per S.C. Gold

Bar Co.

BRITAIN'S SOUND issuing temporary receipts.

FINANCES

Steady Improvement..

Maintained.

EXPENDITURE REVENUE RISING

Londen, To-day.

The ordinary revenue for the past week, at £8,527,551, ex ceeded the ordinary expendi« Lure by $2,529,536, and the

· Treasury during the week is due-d the foaling debt of 221,- 630,000,

(Continued on Page 41.

FANG ESCAPES Luantung Rebel Generals.

CHI-HUNG-CHANG GOING TO CURA

While

Peking, To-day, General Chi Hung chang, one of the defeated rebel leaders, has arrived in Tientsin, with the Intention of leaving for The total ordinary expenditure Cuba, General Fang Chen-yu, is during the financial year to date missing, having slipped away

A

At the conclusion of the meet-amounts to £855.668,258 reduc from his escort, after surrender-

the swimming events in the Na-ing, the Foreign Secretary, Bir John tion of £38,067,149 compared with ing near Shunyi on Monday tional Athletic Meet, here, has been Bimor, left London yesterday after the figure at the corresponding date afternoon. General Fang was invited to inaugurate the new Nan- poon for Sandringham, having been last year,

the

tive Inspector A. J. W. Dorling, (Continued on Page 4) while the European was arrested in the street this morning on the in- Jstruction of the same officer.

At a late hour yesterday after noon, the identification parade bad, not been held

UNITED SERVICES WIN AT RUGBY.

Rest Of Hampshire Beaten.

London, To-day.

ARSENAL BEAT EVERTON

F.A. Charity Shield Final

CHAMPIONS

Londen, To-day, Arsenal, last wetson's League champlone, defeated: Everton, Cup holders, by there goals to nil to win the Football Aso- clation's Charity Shield yester

et dressed in plain clothes at the The United Services (Ports-day at Goodison Park --Benter.

|mouth), who were beaten by the

hours after his arrival, his macking-Pukow Ferry, at Pukow on summoned by His Majesty the King Ordinary - revenue in £6.505,059 time.

On Saturday tha Arsenal are at Saturday by breaking a bottle of to give an account of the develop higher at 2295.756,274. Thus har The Authorities express their Harlequine on Saturday, defeated home to Legaster Cluf and your champagne, ever, the bows of the man in sonnaction with the Dis ( dabeit of only £60.911,079, as regret at the disappearance of Rest of Hampshire fifteen by a ton are, en ertaining the Operat points to 9 in the leading Rugby [Home Poubel Notes will appear | first Terry-bost to cross from Pukow armament - Conference," -- British against a defeit of £105.484.487, the real leader of the revolt. 1to the capital-Bouter,

year ago-British, Wireless Service, Reuter,

Union game yesterday, Reuter.

delay. The machine is not

damaged Reater,

Wirelem Bervice,