1933-11-25 — Page 1

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CHATER ROAD, HONG KONG.

No. 28,583 HONG KONG, SATURDAY, NOVEMBER 25, 1933. PRICE $3.00 Per Month.

EX-GOVERNOR AL SMITH'S SMASHING ATTACK ON US. INFLATION

NEW SAFEGUARD AGAINST

U. S. INFLATION

Parity With Canadian Dollar Established For Duties

SPECIAL TO CHINA MAIL

Bu Telegraph, Copyright Telegra. phic Mensugea Ordinance 1801 Re- ceived November 25, 4.57 0.39)

Dawa To-day.

the

The Canadian Government bas Announced the for purfinkes of Customs Autors, The American dollar will be regarded an equal to the Canadian dollur

dollar for The Canadian first time in many years, is higher than the US. Dollar, the respec tive values being about 5.14% and 5.27% to merling. United Press, per $. Gald B Ce

AMERICAN

NATIONS MEET AT CONFERENCE Hull Arrives To Lead U.S. Delegation.

MEXICO TO PROPOSE BIMETALLISM

66

'BOLONEY DOLLARS" COLONY'S

DENOUNCED

EXPERIENCE AGAINST

EXPERIMENT

REVENUE

INCREASES!

August Expenditure Higher.

CREDIT-BALANCE. NOW $15,975,190

PRESENT US. FISCAL MOVES WILL, The Colony's financial statement

UNDERMINE CONFERENCE”

SPECIAL TO CHINA MAIL..

Bu Telegraph, Copyright, Telegraphic Messages Ordinance, 1891. Received November 25, 0.45 a.m.)

NEW YORK, TO-DAY.

MR. ALFRED SMITH EX-GOVERNOR OF NEW YORK. IN AN OPEN LETTER ADDRESSED TO THE NEW YORK STATE CHAMBER OF COMMERCE, YESTERDAY ATTACKED PRE- SIDENT ROOSEVELT'S MONETARY POLICY AND URGED SOUND MONEY.

He said that he did not belleve that the Democratic Party was fated always to be affiliated with "greenback" advocates. paper money printers, free silver advocates, currency managers, rubber dollar manufacturers, and crackpots.

"Our money standards must be absolutely depend able. This is the only thing to restore confidence," he said.

for August shows gross revenue for the month of $2,047,820.09 and expenditure amounting to $2,367.- 1419.55

The excess of assets over liabilities on August 31 'was $15,975,190.02, being a reduction of $319,671.02 from the balance shown at July 31

Actual revenue up to August 3 amounted to: $28,169,903.87 as against $21,871,415.42 for the same period last year. The estimated revenue year la $34,002,575.

Ordinary revenue for the month

for the

of August, exclusive of Land Sales and Premia on New Leases amounting to $63,768.45, totalled

Driver's lucky escape. Skidding backwards at 90 mp.h. motor racing. The last open meeting of the season took place at the Brooklands track. Weybridge, Surrey, on Oct; 21 and resulted in two alarming skidding accidents which fortunately did not end too disastrously for the drivers. (8. & G.).

SHANGHAI MAIL PLANE TURNED OVER 3 TIMES

$1,984,051.64 BR compared with PASSENGERS' MIRACULOUS ESCAPE

(year.

"The Administration's fucal moves will undermine public confi- ($1,971,224.29 dence. I am all for a return to the gold standard: for gold dollars American against boloney dollars; experience against experiment."

Rio de Janeiro. To-day.

A plea for all the States to help "topsy turvy civil- isation" was made yesterday by Mr. William Cordell Hull. the United States. Secrflupy of State, who arrived-here yester- day to make a "Goodwill Tour" of South America, and to attend the Pan-American Conference at Montevideo.

Baid

During un interview, be that the Montevideo Conference would give the American nations a chance of showing whether they could devise an international plan for economic reform.

Even if they only sketched the general lines of such a plun, they ; would have inid the foundation of real progress.

They ought to have a passin For peace.

"We know now that it is mad- neas to je world wars bring famine and despair to whole popu- Iationk. Let the American Bb tions point the way," he said.- Reuter.

Continued on Page 9).

ANGLO-JAPANESE TRADE TREATY

Abrogation Urged By Lancashire.

MOTION IN COMMONS

London, To-day. The Lancashire members of the House of Commons, are supporting the motion which Mr. A. E. G. Fuller, of th Ard- wick Division Manchester, will move on November 29, de- manding the abrogation of the Anglo-Japanese trade agree ment and the restriction of Japanese trade competition in Britain, either by Ligh tariffs or embargoes.-Reuter.

WEEKLY TREASURY

ISSUE.

Applications Received

For $76,045,000,

1

Ex-Governor Al Smith, De- mocrat Presidential candidate In 1928, and a former close friend of Mr. Roosevelt.

STABILISATION OF

DOLLAR

Expected At A Lower Exchange Value.

New York, To-day.

for August of last

Expenditure for the month totals $2,367,491.65, which includes a sum Mr. Smith added that he preferr- of $1,000 on account of the Govera ed private management of business ment House and City Development against Government beauracracy, Scheme, and Public Works Depart- mant, extraordinary expenditure "I am ready for a certain

amounting to $195,054,94, brdinary amount of deflation if the choice expenditure thus standing at $2,171, lies between this and outright in-486.59, as against $2,180,483,88 in. flation." he said.

Mr. Smith's attack has increased the belief that there will be some clarifica. tion shortly. The Wall Street outlook improved on This belief.

August of last year.

Increases in expenditure over the same period last year are to be noted as follows:-Secretariat for Chinese | Affairs $12,690.89, Treasury $17,-

301.39, Audit.

FROM

DEATH

COUNTESS OF CARLISLE IN NO DANGER : BUT TWO ANKLES BROKEN.

SHANGHAI, TO-DAY.

MUSSOLINI ACTIVE

PLANS TO

REORGANISE

THE LEAGUE U.S. MEMBERSHIP WANTED.

SIGNIFICANT CONVERSATION WITH AVERNOL

Rome, To-day. Although no statement was issued after a conversation lasting for 50 | minutes, the meeting here between the Secretary-General of the League of Nations, M. Avenol, and the Ital- ian Premier, Signor Mustolini, is |considered as most significant.

M. Avenol has decided to

stay in Rome until to-morrow.

An opinion is current that the conversations relate to the future

of

the League and to the coming

Disarmament talks. Reuter.

Italy's attitude

in regard to the adjournment of

the 'Disarma- ment Conference, was revealed on Tuesday, when

the Italian dele-

gats opposed the French belief

THE ESCAPE OF THE COUNTESS OF CARLISLE AND THE OTHER OCCUPANTS OF THE SIKORSKY PLANE FROM LENTFIT would be dangerous to DEATH WAS ALMOST. MIRACULOUS."

Bersuspend all the activities of the

Conference.

The giant plane took off at 6:15 am. but returned to the aerodrome on account of fog. Hopping off again at 8 km. the plane crashed on the mountainside on Chushan Island at 8.30 am, It turned over three times and was completely wrecked, but by the greatest of good fortune failed to catch fire.

1

Herr Schaefer, Manager of Kunst and Albers of Shanghai, was the first to crawl out. All the passengers were injured in some way but Heir Schaefer thought first of the Countess of Carlisle, who was the only woman on board and suffered the most.

Expenditure for the month. of It is believed that many Com-August amounted to $2,867,491.65 panies will resume the payment as compared with $2,860,091.97 for of dividends in January.

August of last year.

Total expenditure, up to and in- Some. however, predicted aimless market for at least an-cluding August 31, amounted to

- United Press, $20,041,776.09 against $20,808,238 possible under the circumstances | other fortnight. per S. C. Gold Bar Co.

No Comment By Roosevelt.

SPECIAL TO CHINA MAIL.

EL

(Hy Telegraph, Copyright. Telegram) phic Messages Ordinance, 1894. Re- ceived November 26, 6.57 a.m.)

Warm Springs, Later. President Roosevelt has declin-

ter.

for the same period last year.

He made her a comfortable as

until a junk was obtained which

BIG FIELD ENTERED convoyed the party to Chapu.

AT MANCHESTER.

November Handicap.

29 PROBABLE STARTERS NOMINATED.

London, To-day.

The pitching of the junk caused the injured acute dis- comfort,

LADY CARLISLE INTERVIEWED.

“Reading A Newspaper ~Then On The Ground.

Reorganization To Induce America.

Geneva,

League of Nations authorities

ganization of the League long are considering a complete rear-

lines which will permit United States' participation.

The plan would call for the re- writing of the League convenant and separting it entirely from the Vertallles tresty,

(Continued on Page 9).

LEAGUE'S FUTURE Shanghai, To-day. At Chapo a friendly Chinese as- Interviewed by Reuter at 1 a.m., AT STAKE sisted the injured ashore and set Sir Victor Sassoon said he had them on board, motor-buses, which just left the Countess of Carlisle

System Under Trial. speeded at 80 miles an hour over in the Country Hospital. bumpy roads to- Minghong, - where] She was resting as comfortably

DISARMAMENT SPEECH BY the Countess of Carlisle was trans- as the circumstances permitted and There are 29 probable starters ferred to an ambulance, and rushed was extremely cheerful, in spite of

MR. EDEN ed to discuss Mr. Al Smith's Jet-for the Manchester November Han- to the Country Hospital at Shang her broken ankles and bruises all

{dicap over 11⁄2 miles.

hal, the others being conveyed to over her body. She had a cut on

London, To-day. He has indicated, however,

her forehead, which had been In a speech in Warwickshire The strength of the dollar is that he contemplates no change tain in place of Carr, and Baland- LIST OF PASSENGERS.

Quick has been given Air Cap-the city later.

stitched.

last evening Mr. Anthony Eden, attributed to the expectation of

Foreign in his present policy. United early stabilisation owing to the Press, per 8. C. Gold Bar Co.

shar, Sansespoir, Blandearna, and Examination has revealed that the The Countess of Carlisle told Sir Under-Secretary for gold price being unchanged for

Isthmus, all of which have no foc Countess of Carlisle had both her Victor Sassoon that, she boarded Affairs, said the disarmament keys as yet," have been added to the fourth successive day, coupled

ankles broken. She suffered minor the plane with a thermos of coffee, situation at present was such that greater energy than ever with a better understanding of

She was reading the probables list Heater Injuries as well and was badly

Carry must be exerted to Gordon Richards, the championshaken, but is positively in po dan- President Roosevelt's monetary

paper and the next thing she jockeys, is taking out Mandritsara, polley.

knew was that she was lying through the work of the Confer but Statesman (C. Smirke) is like:

on the ground with a men ly to start favourite.

(Mr. Lincoln Reynolds, the American Consul at Foochow), groaning over her, "^

Circles closely connected with

“SILLY TALK" BY SPRAGUE.

the Federal Reserve Bank indig- Gen. Johnson's Reply. nantly_repudiate the suggestion that the Reserve Board has been) opposing the Treasury's support-

SPECIAL TO CHINA MAIL (By Telegraph, Copyright, Telegra

of United States Government this Mersages Ordinance, 1894. R

bonds.

Some Democratic 'quarters anticipate the stabilisation of the dollar at a somewhat

· lower exchange value than at turn to the gold standard. present, with an early re-

Mr. Al Smith, former Governor

ceived November 25, 8.57 um.).

Allanta, To-day.

LO WEN-KAN SUBMITS

· RESIGNATION SO

Nanking, To-day,

The National Recovery Adminis- Dr. Lo Wen-kan, Minister of tration's leader, General Hughs Justice, has submitted a formal Johnson, yesterday told press repre- petition, resigning from the con- sentatives that Professor w.current post of Minister of Foreign Sprague's resignation was merely Affairs-Rauter, an attempt to strut

Professor Sprague's statements

of New York, is the latest recruit that the Government's credit is im to the ranks of the opponents of paired, are silly talk, be declares President Roosevelt's monetary United Press, per S.C: Gold Bar Co.

policy. He declares for a returne

to the gold standard......

London, To-day.. "I am all for a gold dollar ROOSEVELT NOT CHANGING

GOLD POLICY

A total of £76,045,000 was applied against boloney dollars," -- Mr.

Tor in Treasury bills offered for Smith statod. ---

tendor yesterday. The amount al- lotted at three montha was £45,000,

0000

The average rate was 16/2.894: compared with 10/0.29d; ■ week ago '--British Wireless Service; ;

Reátor.

Lieutenant-Colone) Frederick Eay 1.8.0% resumed, dutias – na" Ass Land Obicar and Depoty. Eagis Marriazos on Wednesday JanƐ,"

GOVERNMENT- REDUCES BOND HOLDINGS

SPECIAL TO CHINA: MAIL.

(By_ Telegrank Cpyright: Telegra, phis Messages: Ordinance | KEIN, Ro ceived November 187 3.67. Bone met

insued:

gton; Today,

ger.

Mr. William Ehmere, one of the American pilota, also suffered two

| broken,aplica, Pr⠀

Besides the persons already men. tioned, those aboard the plane'were:

2

в пети

ence.

The world simply could not In afford to contemplate the race armaments which must be the out- But those

The other occupants of the plane come of its failure. Bald that the Countess worried who believed in the use of the Mr. Yang Zung-wo of Wenchow more about them than herself. League of Nations for the settle. Mr. M. H. Yang, Commissioner She particularly sympathised with ment of international disputen bad of Customs at Wenchow.

(Continued on Page' 9),;

time/aviator named. George Rumill;} Mr. 8. F. Chang, manager of the chief pilot, an American war- even greater reason for anxiety. the Foochow Motor Sales Com-f pany.

Mr. Conrad Hau of the Asia Electric Company, Bhanghai-- Reuter.

as it was his first crash.-Reuter,

The Countess of Carlible's STOP PRESS

visitor was. Sir Victor Bassoon,

Rescue planes which rushed to the acepe saw the wreckage of the Sikorsky plane and reported, that they were convinced that all the oc cupants had been killed.

The Countess of Carlisle had in Federal eserve statement landed to visit South Ching and then losed proosed to England. Later she was Lave, gone to Egypt to act-na "to" her uncle, Bir Miles

(as she has done recently

per SG, Gold Bar

in Peking/

ALL PASSENGERS

IMPROVING®

Bhanghai, To

All the injured pamengers of the seroplane accident. yes- terday are improving and are expected to recover shortly

ROYAL VISIT TO ANGOLA

Invitation Accepted By Prince George,

***** London, To-day. Prince George, with the appro- 1. val of the King, has, accepted the Portuguese Government's invita tion, conveyed through the Por tuguese - Ambassador, lo. PRAS through Angola, Portuguese East” |Africa, on his way back to Eng- land" from. Bouth Africa, and to Jattend an official roception there, 1—British. Wireless Bervice,"