1933-11-18 — Page 1

THINKING

new truck?

ASK US

ABOUT

THIS

THE HONG KONG HOTEL

GARAGE

The dollar, on demand, closed

to-day at 1/4 3-4.

China Mail

GENTLEMEN'S HIGH GRADE

OUTFITTING

AT HOME PRICES

BERNARDS' OF HARWICH

CHATER 'ROAD,

HONG KONG.

DOLLAR-STERLING RATE

BEDFORD

Est. 1845

Est. 1945.

THE OLDEST ESTABLISHED NEWSPAPER IN THE FAR EAST

Stable Road. Happy Valley.

ENGLAND

No. 28,577

HONG KONG. SATURDAY, NOVEMBER 18, 1933. PRICE $3.00 Per Month.

U. S. CONSIDERING

STABILISATION OF

LITVINOFF SUCCEEDS

Got F. D. Soviet Bid. TO CHECK VIOLENT

FLUCTUATIONS

AMERICAN

RECOGNITION

EXPORT OF US. CAPITAL

MUST CEASE

OF SOVIET

NORMAL RELATIONS

RESUMED.

SOVIET WAIVES SIRERIAN CLAIMS

Washington, To-day.

President Roosevelt has announced that the United States has agreed to resume normal rela- tions with the Soviet, and to exchange Ambas- sadors.

William C. Bullitt, Assistant Secretary of State, who was a mem- ber of the United States delegation to the World, Economic

Conference,

President Michael Kabinin of So. V Russia, to whom Providonl Roncovell extend d the long awa't- ed invitation in confer with a view to B.S. mengnition of the Soviet. Soviet Inset. Maxim Latzinult, Commissar for Foreign Affairs. who was his country's envoy to Washington te disvur terms of recognition

INFLATIONIST SENATORS

URGE

SILVER REHABILITATION

WASHINGTON, TO-DAY.

THE UNITED STATES ADMINISTRATION ARE CON-İ FIDERING THE ESTABLISHMENT OF AN EXCHANGE EQUALISATION FUND FOR A DE FACTO STABILISATION OF THE DOLLAR-POUND RATE, AND FOR THE PREVENTION OF VIOLENT FLUCTUATIONS OF THE DOLLAR.

Officials, when questioned on the subject, felt that it was quite possible that President Roosevelt's "tea party” at the White House. yesterday, at which M. J. Pierpont Morgan and Mr. Myron Taylor. Chairman of the United States Steel Corporation. were present, was related to the discussion of the dollar-sterling Trure, Renter.

New York, To-day.

The American dollar rallied again yesterday, following the denial that the Government is planning a moderate issue of "greenbacks."

Although not officially instructed, the export of capital - must.

crase.

Foreign exchange brokers have Indated that they have been

will be the first Ameri- FROM RELIEF JOB warned, unofficially, that every en

can envoy to the Soviet.

--Reuter.

agreement,

The United States granting recognition to the Soviet, was signed 11.50 p.m. yesterday.

when normal relations were resum-

ed.

A

joint statement issued by i President Roosevelt and the ape cial

Maxim Soviet

envoy, M. Litvinoff, declares:

TO CIVIL WORK

1,000,000 Transferred In America.

UNEMPLOYMENT

SCHEME TO COST $400,000,000

Washington. To-day. One million men have been transferred from the United Sintes relief rolls to the Federal

roll through pay civil works, according Lo Governmental reports re- ceived by President Roose- velt. Ds 10

change transaction will be more closely scrutinized than hitherto, and that only obvious commercial dealings will be permitted.

AL

U.S. STEEL CODE

EXTENDED.

Beneficial Effect On Industry.

The conference of Renators in-

Washington, To-day.. dustrialista and economists

President Roosevelt yesterday an- Washington, summoned to meel

of the yesterday by the inflationist ad-nounced the continuation

steel Code unul May 1,1 following. vocalars. Senator Thomas and

Sir John Shmon returning to London from Geneva, to attend a Cabinet meeting. The Foreign Secretary, Sir John Simon photo- graphed with Lady Simon after his arrival by air at Croyden. (S. & G.).

PRESIDENT ROOSEVELT TAKES TWO WEEKS' HOLIDAY

Vacation At Warm Springs Follows American-Soviet Agreement

Washington, To-day. President Roosevelt has gone to Warm Springs for fortnight's holiday following the success of the United States-Soviet negotia. Lions, for a recogailion agreement, --Reuter.

Senator Smith, passed a resolution the industry's request that the. N THE LEG THEORY|

urging that the gold purchase

continued until policy be

com. modity prices have reached the 1926 level, when stabilisation should be effected.

The conference appointed a committee to sumbit recom- mendations for broadening the monetary base by the

Use of silver.

"In addition to the agreement a signed. there has taken place an exchange of views regarding the methods of settling A}] out standing questions of indebted ness claims that permits hope for a speedy and satisfac-, He bas instructed the tory solution to these questions. | Veterans' Association to ensure which both Governments desire that pay slips are ready for out of the way t the soonest Thanksgiving Day, November 26, the Government should initiate

possible time.

Senator Thomas proposed that

#

silver policy similar to the gold plan. The Administration expects

under which the price of silver M. Litvinoff will remain into disburse U.S.$400,000,000 to Washington

several days for the workers by means of civil would be increased to 75 cents an further discussions."

works projects before February!unce and purchases be used as the

President Roosevelt also published a series of letters exchanged between himsel and M. Litvinoff, covering such questions as propagan. da religious freedom and legal protection for their respective nationals from prosecutions for economic espionage claims.

28

It is estimated that 4.000,000 Jobs will be made available. Reuter.

TREASURY BILLS' ALLOTTMENT

London, To-day.

basis of new silver certificates at the rate of one ounce of silver to 25 cents gold,

Senator Key Pittman

told the conference that President Roosevelt was considering var- leus plans to accomplish aliver- price rehabilitation.

Meanwhile he urged them to give

tional Recovery Administration's Code be extended beyond the three months' trial period.

The industry has expressed general satisfaction with the apera- tion of the Code and its effect on industry--Reuter.

SILVER DECLINES IN SELLING WAVE

Heavy Trading In New York.

STOCKS SHOW WEAKNESS

New York, To-day.

the Heavy silver realising on New York market, yester day. disclosed the impaired technical condition, and thr approach to the 45 cent level caught numerous stop-ordera. | Final prices were on the low levels, have occurred overnight, margin

The amount applied for in Trea-Mr Roosevelt a chance to try out Unless some new developments laury Bill yesterday was £67,490,000. the truth of the varying advice The Soviet has agreed to The amount allotted in billa, at given by his numerous advisors. selling is anticipated. → waive all claims arising from three months, was £45,000,000. the Siberian question.

of

The average rate per cent, was

In reading over the exchange 19/0298.. as compared with 197- Presdent 0024, last week.-British Wireless correspondence,

Roosvelt particularly emphasised, Service.

the demand for religious freedom: for United States residents in the Soviet. Reuter.

TRADE RELATIONS OMITTED.

Text Of Correspondence.

Washington, Later.

The next of the Roosevell-

Litvinoff correspondence bare-

ly mentioned future American-

Boviet trade relations.

antee the liberty of religious wor- Įship.

CIVIL RIGHTS FOR US. RESIDENTS

while there can be no interfer- jence in the rights of Soviet citizens, M. Litvinoff declares that the So-

Reuter.

KING'S SPEECH AT FROROGATION.

Disarmament Problem Its Chief Point.

SIR JOHN SIMON LEAVES FOR GENEVA.

London, To-day. Parliament was provogued by viet is prepared to include a civil Royal Commission yesterday and rights guarantee to Americans in the new session will be opened in Russia In a Treaty to be negotiated state by the King on Tuesday,

Protection for United States citi-

The work of the past session.

Following Thursday's' sharp ed vance, industrials and :sile.yester- day demonstrated slight weakness. Industrial averages were down 9% to 98.09, while rails dropped 37 to 38.01. Utilities and bonds declin- ed 50 and 12 to 23.21 and 78.80 respectively.

Business was again brick, 2,320,-| 000 shares being traded. ..

CONTROVERSY

Australian Reply To

M.C.C.

JAPANESE

STEAMER IN

DISTRESS

Tsukushi Maru Runs

Onto Rock.

TWO MILES OFF SHANTUNG PROMONTORY

Shanghat. To-day. Distress signals requesting Immediate aid have been

picked up from the Tsukushi

Marti.

A WEREWOLF

AT PRINCETON

UNIVERSITY

Three Mysterious Deaths.

MANGLED BODIES FOUND ON CAMPUS

Princeton, New Jersey.

To-day.

Three mysterious deatha within 10 days have given rise to rumours that a sinister were-wolf is stalking through the campus of Princeton Uni- versity.

The first victim was aò ex- pensively dressed six-year-old child, whose body was found on a dump on November 7.

The mangled body of the University janitor was found on a lawn on November 9, and on the following day, the body of J. F. Towner, a stu- dent prominent in social cir- des was discovered face downwards on the frozen

grass.

Towner's death was at first attributed to a trampling crowd at a football match, but has since been theorised as foul play, owing to the simi- larities with the other two deaths-Reuter,

RETROCESSION IN NORTH CHINA..

Peking Prepares To Take Over Shanhaikuan.

One message declares that the ship ran on a rock, two miles off the Shantung promontory, and urgently appeals for rescue.

The first 8.0.8. signals were Melbourne, To-day. fsent out at 1.45 a.m. to-day. De. The following is the text of the tails are, at present, not avail- Australian Board Control's latest able. Reuter. cable to the M.C.C.-

of "We appreciate the terms of three steel-scrow steamers of the that the Peking Government in your cablegram of October 9. same name owned and operated by making preparations to take and assume that such a cable fathe Kaijima Shogyo K.K. Built in control of Shanhaikuan on Novem- intended to give the assurance 1925 by the Osaka Iron Worka, Ltd., ber 25. asked for in our cablegram of she has a gross tonnage of 1,858. September 22.

and is registered at Shimonoseki.

The Tsukushi Maru in опа

"It is on this understanding that we are sending a cricket British Warship Rushes

team to England in 1934."- Reuter.

SINO-JAPANESE DISCUSSIONS.

No Progress Made At Peking.

MR. ARIYOSHI SUMMONED TO TOKYO

To Help.

ja

Shanghai, Later. H.M.S. Bridgewater racing at full speed from Wel-hal-wel to the assistance of the Japanese steamer, Tsukushi Maru, which is in distress of the Shantung Promontory-Reuter's Paci- lic Service.

Tientsin, To-day,

It is learned in official quarters

over

Other important passes along the Great Wall, such as Kupeikow and Lengkow, are expected to be return-

ed by the Japanese at a later date. -Central News Agency.

NEW ORDINANCES FOR COLONY.

Provision For Juvenile Offenders.

By order of the Governor in Council, the Industrial and Re-

Schools formatory

Amendment 1938 will come into Ordinance

The British sloop left Wet-hai- wel at 3.26 am. this morning, 'fol- lowing orders issued by Commodore Frank F. Ellott. The .. Taisuk force on Monday, November 20. Maru is also proceeding to assist By order of the Governor in the stranded vessel.

OFILE

Council, the Juvenile Offenders

At about 8 o'clock this morning Amendment Ordinance 1988 will the Bridgewater's position

come into force on Monday, No- given as being of the Shantung vember 20. Promontory Light, which is very near the scene of the disaster.

Shanghai. To-day. The "China Press" gives prominence to a report that the four-week visit to Peking of the Japanese Minister, Mr. Ariyos, who is due. here on Monday, has failed In their market report, Mesars.

to yield any settlement of E. A. Plarce and Company, through

the Sino-Japanese problems.” their local correspondents, Mesura,

The paper says that Mr. Asia Lands, Ltd., state:~~~

Ariyoshi has been summoned to "Selling of utilities and

Tokyo for a conference with the rumours of the impending Foreign Office chiefs in regard

to China affairs, to which Mr. Dr. W. W. Yen Accepts Sugimura, the ex-Under-Sacre-

Dollar stabilisation confused market.

caused a

CHINESE FOREIGN

MINISTER.

Post

PROBATION OFFICER

APPOINTED.

The King's exequatur, empowe ing Senor Trinidad Eugenio Laca- po to act as Honorary Consul for Salvador at Hong Kong, has been lesaed

Shanghai, To-day,"

The appointment of Mr. Ho | Chung-yue to be a Probation' A report from diplomatic sources Officer ander the Juvenile Offen states that Dr. W. W. Yen, Chinese der Ordinance 1032 is also gazott Ambassador to Moscow, has sced. cepled the Nanking Government's | pffer · as Minister of Foreign

Affairs,

"No official light has been thrown fary General of the League, of The Litvinoff letter dated Nozens however, will become effective which began on November 22 last on the stabilisation question and we Nations, who is now in South veniber 16 a'ates that the Soviet immediately, An agreement has agrees to restrain all persons and been reached for a Consular conven-year, was reviewed in the King's think that the list acted well, con- China, has also been summoned. organisations under Soviet Govern- tion whereby Americans possess all speech, read in both Houses of Par-elderifig confusion, and that the reat-Reuter's Pacific Service.

lintment,

trend is still upward, mental control from Interfering in the rights granted to the nationals United States internal affairs. Be of other States under existing Reference was made to the active| “Wheat Finctuations in foreign | plying to the propaganda pledgo | Trestles with the Soviet.

part taken by the Government at exchange tended to, Increase uncer-TO:DAY'S WEATHER FORECAST President Roosevelt states that the Claims and counter-claims will be the Trisarmament Conference and to tainty, causing local prolt-taking. United Sistes will also observe it left for further negotiation, the fact that the British draft pro- Buying power was light. The ex- Fins generally, - with, moderate

M. Litvinoff further assures the There will be no waver in respect seated on March 16 was adopted by port demand was smaller and re-northerly winds, is the forecast is. He is reported to be prepared to Frederick Charles Dreyer, K.C.B., President that the Soviet will guar- of the Archangel expedition. Bau- the Conference in June as the basis ceipts were very light,"

Anued by the Royal Observatory this return" Home. — Central (Continued at Foot of Nézt Column), ter,

(Continsed on Page. »);

· (Continued on Pupa 18), morning.

Agency.

A.M.B. Kant, Aying the flag of the Commander in-Chief Aduxiful Bir

Newz

G.B.E, is expected to, arrive in Hong.

Kong to-morrow afternoon : about. [p.m., from ha; Japanese Cruise.