1933-11-29 — Page 1

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BERNARDS' OF HARWICH,

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CONSULATE SHIRTS & PYJAMAS : LILLEY & SKINNER FOOTWEAR : ROLLS RAZORS: WOLSEYS KNITWEAR: MACCLESFIELD SILK. NECKTIES: MOORES FELT HATS.

CHATER ROAD, HONG KONG

No. 28,586 HONG KONG, WEDNESDAY, NOVEMBER 29. 1933. PRICE $3.00 Per Month.

·

BRITAIN PRACTICALLY CERTAIN TO INCREASE HER AIR FORCE

CHINA AS

A POTENTIAL

WORLD MARKET

Could Use Glut Of Idle Capital.

MR. QUO TAL-CHI'S SPEECH AT LIVERPOOL

London, To-day. "Although Democracy is gelling less popular. responsible leaders in China have pinned their faith to Democracy as practised in Great Britain and the United States," stated the Chinese Minister to Lon don Mr. Quo Tai-chi, speaking at Liverpool, last night.

Ching

was working

towards of Government. hei that form said, and he asked other nations to be patient with them.

Nowadays.

country

A B

compared with 'hma

indicated channel elearly

in which the circulation of the world's commerce could be re-started as China was best was the compact and immediate purchasing pro position in the undeveloper. markets of the world.

China

could alno

450

the

he

world's glut of idle ranital,

said. -

Reuter.

YOUNG MARSHAL

RETURNING

Chang May Settle In Nanking.

"NO ATTACHED TO ANY PARTY"

London. To-day.

Marshal. Chang Hsueh-liang is

CLOSE CONTACT BETWEEN

BRITAIN AND ITALY

Sir E. Drummond Sees Il Duce On Disarmament

The

London. To-day. tahan Premier Signor Mussolini, and Sir Eric Drummond British Ambnsandor to Rome after A conversation on Disarmament, lasting for one hour, agreed upon the advisability of Great Britain mad Italy maintaining close enn

fort.

French and Germun representa- Ovas also held discussions with the Italian, and all agreed that little progress was possible until pro posals had been received from Germany. Reuter,

US. RECOGNITION

OF RUSSIA

Rumours Of Soviet Loan Flotation.

BANKERS BELIEVE ISSUE WOULD BE SUCCESSFUL

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright. Telepens;

U.S. POLICY UNCHANGED

FRANCE MAY

BE FORCED

OFF GOLD

STABILISATION AT 50 TO 60?

NVESTORS SWITCH FROM BONDS

TO STOCKS

SPECIAL TO CHINA MAIL.

( Triegraph, Copyright. Triegra uchir "Messages Ordinance, 1894. "Re- Derived November 29, 10.12 0.m.)

Chicago, To-day.

Mr. Harland Allen, the eminent economist, yes- terday said that it was | questionable whether the "hard money" advo- cates would be able to rally sufficient strength United

phie Meranges Ordinaves, 1884. Reto change the

cewed November 28, 10.12 a.m.)

New York, To-day. An unconfirmable report slotes that the New York bankers may float an issue of

Soviet bonds.

States monetary policy.

Professor W. Sprague's fears! that the undermining of confidence would bring inflation, were well- founded, he declared, but America reported the must recognise that the President's sees that the foremost factor bankers believe that a substantial policy lose could be sold here if Moscow in the continuance of the depression would offer some kind of hedge is too much debt and interest charges, which partially explained ugainst dollar depreciation.

According to the

It is rumoured that the Federal the inadequate purchasing power Reserve will shortly enter into hindering the rise of commodity correspondent relations with the prices since July.

Soviet State Bank,-United Press, Jou Gold Bur Co.

leaving here for France, and will 4 U.S. GANGSTERS

later visit Italy, within the next few days. After a short stay on the Continent he is returning to, ("hina.

In an interview with Reuter, i he said that he was abandoning | his intention of visiting Russin. He would go first to Shanghai and! then to Nanking.

He was returning_primarily to↑ attend to private affairs, but atj The same time, he desired to as certain the Chinese Government's viewpoint in the present difficul-

tiek.

If he was able to help to smooth ut the situation he would do so. He stressed the fact, however, that he was not attached to any party or faction. Reuter.

ENGINEER HELD ON SERIOUS CHARGE.

Demanding Money By Menaces.

RECENTLY IN CHINA

London. To-day, Mr. Clarence Guy Gordon Haddon. a consulting engineer who was recently in China, was arrested yesterday in London on! a charge of demanding money by menaces from the Crown.

He will appear at Bow Street Police Court to-day. -- Reuter Silver Remonetisation Predicted.

SPECIAL TO CHINA'MAIL.

(By Telegraph, Comirish. Telegra phie Messages Ordinanca, 1896, Be ozived November 29, 10,1% am)

ACQUITTED

Kidnapping Charge Fails.

ARMED GUARDS SURROUND

COURT-HOUSE

Street battle in Jaffa during the Palestine riota, Rioters throw- ing stones and iron bars at the soldiers who wore steel helmets and carried shields (5. &.G. by Air Mail).

t

US-JAPANESE RELATIONS

"Armamenti Race Must Be Limited."

The

¿

IMPERIAL

CO-OPERATON

IMPERATIVE

Mr. Bruce's Plea For Resolute Policy.

OTTAWA AN ISOLATED INCIDENT

ITALY NOT TO DEFAULT WAR DEBT TO U.S.

Tentative Offer Of U. S. $1,000,000) As December Token Payment

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright. Telegra phic Reisages Ordinance, 1881. Re- ceived November 29, 10.12 a.m.)

Washington, To-day.

It is learned that Italy has tentatively offered U.S.$1,000,000

In partial payment of the debt in- stalment due to America on De- cember 16.--United Press, per S.C. Gold Bar Co.

JAPANESE

WEAKNESS IN THE AIR

BRITAIN A

FIFTH-RANK

AIR POWER

10 NEW SQUADRONS FOR MINIMUM.

VULNERABILITY OF LARGE TOWNS TO BOMBERS

London, To-day.

Both Houses of Parlia-

COMPETITION IN ment will debate to-day

TEXTILE TRADE on Britain's air weak-

British M.P.'s Show Impatience.

GOVERNMENT'S ASSURANCE

OF ACTION

London, To-day.

Several House of Commons mem-

ness.

There will be an urgent demand that Great Bri-

tain no longer remains a fifth rank air Power and there is a serious sugges-

bers at yesterday's session showed tion

that 10,000 ma-

impatience over the Government's chines could and should alleged inactivity concerning Jabe provided at the cost of panese competition in the cotton six battleships.

rayon, woollen and worsted trades.

The President of the Board of Trade, Mr. Walter Runciman, ex-

plained that the Government was

fully aware that industries other than the textiles were affected

by Japanese competition.

The whole question was ceiving the most careful sideration. he said.

con-

However, it was clearly desirable, in the first place, to see what was likely to be the outcome of the présent discussions with Japanese industrialists with regard to cotton and rayon goods.

پیله وری

It is practically certain that immediate measures will be taken to form 10 new aquad" - "rons so as to raise the strength - to the 52 squadrons which was laid down as the minimum 10 years ago, but were never or dered,

A

MR. HIROTA'S PROPOSALS

Tokyo. To-day, Mr. Allen stated that stabilisa

Since Germany withdrew from Japanese- 80-called tion between 50 and 60 would

the Disarmament Conference and give enormous impetus to most | American friendly 'meeting under

London, To-day.

the League of Nations with the con- would help railroads the Presidency of Mr. Koki

The High Commissioner for

sequent spread of war nerves, bonds and and utilities. If, however, it was Hirota, Japanese Foreign Minis stabilised at or near 60 it would ter, was held at the Japanese Australia, the Rt. Hon. Mr. Stan

campaign is being conducted in the probably depresa many raw Foreign Office on Monday after-lev Bruce, speaking in London

press and on the platform emphasis materials.

noon, according to a delayed mes yesterday, expressed the view

that a strong resolute policy of The House need not be appre-ing the vulnerability of practically sage.

at hensive, he said. The Govern all the large towns to long-range Mr. Hirota, addressing the Imperial co-operation was

ment was moving all the time and bombert, and the fact that London meeting, spoke at length on the present a paramount necessity.

He said a start towards such alpromised every assistance to could-be-bombed-by-machines from.. necessity of breaking the exist

they ing Japanese-American deadlock policy was made at Ottawa. His woollen industrialists i France may soon be obliged to He suggested that the following complaint was that Ottawa had made similar representations as every European country and which leave the gold standard or to problems should be solved before been treated as an isolated incident had the leaders of the textile in- could return to their bates with-

'out re-fuelling-Reuter. and not as the laying of a founde-dustries. two adopt lower parity," he said. the relations between the

Ti was noteworthy that the nations could be placed on ation upon which would be built a

No stabilisation could last 60 days without a concurrent agreement with the leading foreign powers on new part- tles he declared.

St. Paul, Minnesota, To-day. Armed guards surrounded the packed court house bere yester-ultra-conservative investors were day, when a jury acquitted four switching from bonds to the best wangsters, led by Roger Tuohy stocks, United Press, per S. C.. who were accused of kidnapping Gold Bar Co. William Hamm, junior, a young, wealthy brewer. in June.

Harm was released a few days later, after ransom, the amount of which was not stated, was paid.

The same gang was indicated recently in Chicago for the alleg-

U.S. Gold Policy Continued.

PRICE INCREASING.

SPECIAL TO CHIRA MAIL (Bu Telegraph, Copyright. Telegra

ed kidnapping of the financier, phis Hesrages Ordinance, 1885, Ra. Jacob Factor, last July. - Reu-ontved November 29, 10.12 a.m.)

Washington, To-day.

Iter.

No explanation has been'

LIBERALS SMALL given of the increasing gold

VOICE

Amendment Heavily Defeated.

London. To-day.

price.

It is indicated that the confer ence between President Roosevelt and the acting Secretary of the United States Treasury, Mr. Henry Morgenthau, resulted in decision to continue the present

The House of Commons, by 434 monetary policy despite the in- votes to 58, yesterday rejected creasing opposition.-United Press, the amendment to the Address per BC Gold Bar Co. in-Reply, made by Sir Herbert Samuel's Liberals, regretting that the Speech-from-the Throne did not indicate, an effective policy to promote the restoration of world trade and national de- velopment.

Beuter,

* DECLINE IN HOLDINGS OF !!

FEDERAL BONDS

round basis:

(1) Effective means to be found to limit fortifications of the Pacific islands.

(2) Friendly relations of the two countries to be strengthen- ed through diplomatic, economic and cultural channels,

(8) Limitation of the ment race. Central Agency.

Brink-

Newn

AMERICAN JOCKEY GRAVELY ILL

Los Angeles, To-day. Tod Sloan, the jockey, is believed to be dying in hospital from a liver ailment Reuter.

great structure of inter-Imperial | trade.

Britain with her relatively large population had a valuable home. market, great supplies of capital) and unrivalled experience. Sho had, however, no great resources. The Dominions and dependent Empire had the resources but not the,home markets, capital or ex- perience.

With a polley of financial and economic co-operation, the British nation could face the dificult. conditions of the next few years with confidence, he said.

1

(Continued on Page 12);

Favourable Outlook On

New York Stock Markets

SPECIAL TO CHINA MAIL'

yesterday.

a

--

Reuter.

'MUST AGREE OR FIGHT"

Manufacturer Urges Action.

“JAPANESE HAVE THOUGHT

IT ALL OUT

London, To-day. "We must agree "or fight,” declared Brigadier-General Sir William Alexander the war- time Director of the Ministry of Munitions, speaking at the dinner in London, last night, of the National Union of Manufacturers, of which he is President.

He advocated the formulation of

national

to trade policy deal with Japanese competition, and urged the Government to deal Industriale - rallied.48 with the problem immediately...... on

business, men.

saka

SHANGHAI AIR

SERVICE.

Six Passengers Make Trip To Canton.

Canton, To-day. The China Aviation Corporation's plane, No. 17, arrived here, from Shanghai, yesterday evening, with six passengers.'

The plane, the first to make the trip since the Corporation's glant amphibian crashed at Chu San Is- land, on Friday: last, left Shanghai for the south yesterday morning and passed Amoy at 8,50 p.m.-Central News Agency.

$900,000,000 RE-FUND.

Fourth Liberty Bonds Issue On Saturday.

SPECIAL TO CHINA MAIL...

(By Teleprash, & Copyright, Tabora. Messages Ordinance, 2014. Ra

"We must know what terms we thle

an offer and what terms we ceived November 20, 104% am) can accept. The Japanese have obviously thought it all out," declared Bouter="

he

|

Washington, To-day.

The United States Treasury yen- terday announced the re-fund” of

(Bly Telegraph, Copyright, Telegra to 96.28, but rails and utilities ex- business lines and with the help of phic Messages Ordinance 1894 Rs perienced further declines, the rail criped November 28, 10:12 Chiyodalar

average dropping 27 to 87.65 while New York, To-day utilities were down 15 to 28.58. SPECIAL TO CHINA MAILAN The outlook is still favourable, Bonds declined 21 to 80.04.2

The day's business was 1,010,000 ily Telegraph, Copyright: Tears due to bullish business news, but phis Messages Ordinance, 1881, Re monetary consideration anford November 20; 10.18 am.)

dominate the stock market, The advance in the gold prise was responsible for a higher open- Washington, To-day, Some predict that uncertain ing in silver and the market-con- Mr. O. F. Ribeiro, - sred-68, prin-

rements will continue until the taued to show strength throughout cipal of Ribeiro and Company, Wa ant definitely indicates die the day. A fasture was the switch admitted to Kowloon Hospitalster

ing from December to March con- day suffering from slight injuries to refund, 1948-1945, will close on was again in evidence tracts United Fress per-B.C. Gold legs, received when he was knock Saturday United Fress, par B.C.

ed down in Nathan Road by pudrats Bar Co.

car No. 2686, driven by Kwong Ming," || Gold Bar Co.

Salt Lake City, Today": The Address was adopted by

A Federal Reserve, statement, Senator McCarran yesterday #27 votes to 54, predicted that the United States The Labour Party's amendment issued Festerday, showed that the Congress will remonetise silver to the address-in-reply, condemning item, holdings of Federal-bonds when the next souston assembles in the Government's handling of affaire declined U. 8. $27,000,000 last weak. January ---United Press, per 8,G, at Home and abroad, was rejected United Prasi, par §. 4, Gold Bar Gold Bar Co.

on Monday by 424 voles to 55,

the New York Stock Exc

over. : U.S.$900,000,000 worth of Fourth Liberty Bonds.

The subscription books for the