1933-12-06 — Page 1

66

BEDFORD

MADE HE

ENGLAND

READ THE BEDFORD TRANSPORT MAGAZINE Specimen copy' post free on application.

THE HONG KONG HOTEL GARAGE Stubbs Road

"FREE

RADICAL

REFORM OF

Happy Valley.

STATE

LEAGUE

Demanded By Italy.

WAR DEBT PAYMENT TO AMERICA

Rome, To-day.

The Fascist Grand Council, atj tended by the Italian Premier, Signor Mussolini, and all the Cabinet Ministers, have decided that Italy's continued member ship of the League of Nations should be dependent on the radi cal reform of the Constitution! and objectives of the League to| be effected in the shortest pos sible time.

The Council agreed to make aj war debt payment, on Decemberj 15. of US$1,000,000 to the Unit-j proof of good will.{ ed States us

The dollar, on demand, closed

to-day at 1/4, 7-8..

FINAL EDITION

Bat. 1843.

Supreme Court

BERNARDS' OF HARWICH.

FOR

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

CHATER ROAD, HONG KONG

China Mail

Ext. 1845.

THE OLDEST ESTABLISHED NEWSPAPER IN THE FAR EAST

No. 28,592 HONG KONG, WEDNESDAY, DECEMBER 6, 1933. PRICE $3.00 Per Month.

DID NOT ENTER

Mr. J. R. THOMAS.

and in anticipation of a final set- LITVINOFF'S tlement. Reuter.

Rome. Later.

The decision uf the Fascint Grand Council has occasioned no aurprise, but it was not expected that the demand would he vo per- emptory.

It is understood that Italy fav ours the revision of the League constitution on three lises

Firstly, the curtailment of the rights of the smaller Powers 10 vote on problems which only par tially affect them.

Secondly, a simplification of the

cussion and the multiplication

ly impossible.

ACHIEVEMENTS

EXAGGERATED

No New Pacts With Mussolini,

BRITISH EMPIRE VOLUNTARILY”

DE VALERA'S REPLY TO J. H. THOMAS

DOMINIONS NOT TO BE

DRAGGED IN

BRITAIN STILL OFFERS HONOURABLE SETTLEMENT

LONDON, TO-DAY.

FOLLOWING THE STATEMENT ON IRELAND; MADE BY THE DOMINIONS' SECRETARY, MR. J. H. THOMAS, IN THE HOUSE OF COMMONS YESTERDAY, MR. GEORGE LANS BURY, LEADER OF THE OPPOSITION, ASKED WHETHER THE OTHER MEMBERS OF THE BRITISH COMMONWEALTH WERE TO BE CONSULTED,

Mr. Thomas replied that the Government was determined not close the door of honourable settlement,

The Government did not desire to drag other Dominions into the dispute which originated because the Irish Free State repudiated Treaty obliga. tions, he said.

No-one could refer to any member leaving the Com- monwealth without realising that the other Dominions must be affected.

He hoped the contingency would not arise, but if it did, House of Commons would be informed of the whole situation. VÁTICAN DISAPPOINTED WITH trusted that no one would say anything to embitter the situation.

SOVIET

the

He

Rome, To-day.

The conclusion of the visit of

the Soviet Commissar for Foreign

Mr. C. T, te Water the South African High Commissioner, and Mr. J. W. Dulanty, the Free State High Commissioner heard the statement.

----Reuter.

DE VALERA'S REPLYĮTHOMAS PRAISED BY

TO THOMAS:

LONDON PRES

Statement In Commons Irish Election Probable.

League's procedure, as it is const dered that the protraction of Affairs, M. Maxim Litvinoff, who committees make progress virtual left for Berlin at 8.45 p.m. yester day, shows that the conversations were not so far-reaching as made ty and other post-War treaties nut in some quarters.

There which, it is considered, make the League an instruction for the preseven or five Power pact or any Mr. J. H. Thomas, yesterday after- servation of the gains of victor na other such dramatic moves.

Thirdly, the Iberation of the framework of the Versailles Tren

has been no talk of al

London, To-day.

The Secretary for the Dominions.

noon read to the House of Com-

tions under the domination I The main achievement was to mona a despatch received from Great Britain and France.

stablish a continuity of the

future. Reuter,

Hitler Anxious For Agreement.

PROGRESS IN BERLIN ON

DISARMAMENT

solutions." The Vatican

(Mr. De Valera and the reply which

had been sent to him.

by

London, To-day. The renewed plen for friend. ship contained in the British reply to the President of the Irish Free State, Mr. Eames De Valera is commended by the members of all Partica. It is generally thought that the British Government has acted wise-

STOCKS SOAR

ON WALL ST.

AFTER LULL

RISE EXPECTED TO CONTINUE.

"ROOSEVELT WILL CONTROL CONGRESS"

SPECIAL TO CHINA MAIL. (By_Telegraph, Copyright. Telegra |phic Messager Ordinancë, 1894. Re-

ceived December 6, 9.45 )

New York, To-day. Following the period of in- activity during the last week. stocks advanced sharply on the New York Stock Exchange, es- terday. Industrials soared to 6 points, while rails also recorded good advances.

Utilities and bonds advanced .68

and 49 to 23.88 and 81.61 respec- tively. Business was brisk, 2,010,- 000 shares being traded.

The silver market opened quiet. The lower London parity and the decline on the Shanghai market off-

STABILISATION OF DOLLAR WITH STERLING URGED

U. S. Chamber Of Commerce President's Proposals

PROHIBITION OFFICIALLY DEAD IN AMERICA

Tremendous Toll. Of Lives.

SPECIAL TO CHINA MAIL. (ly Telegraph. Copyright. Telegra phic Messages Ordinance, 1881. Re£4,500,000,000 COST SINCE 1919 ceived December 6. #45 «.m.)

Sacramento, To-day.

Mr. Henry Harriman, of the United States Chamber, of Com. merce, speaking to the Chambers of the President Western Division, yesterday, proposed the re-value- tion of the dollar, the re-establish- ment of a fixed hullion gold atan- dard, and an endeavour to stabilise the dollar with the pound---Unit- ed Press, per S.C. Gold Bar Co.

MEXICAN

PLAN TO BOOST

SILVER PRICE

AT PAN-AMERICAN CONFERENCE.

act the rally in the sterling ex {WOULD INCREASE PURCHASING

change.

Most trades were centred on the March position.

New York traders anticipate the continuation of yesterday's rise.

Bankers feel that President Roosevelt will control Con gress when it convenes in-Janu- there ery, and that therefore will not be any "green-back" issue despite inflation

OUT*

Wall Street reterally does not

want printing press

money, but wants business recovery to be based

or sound principles--United Press.

per 8.C. Gold Bar Co,

FEDERAL LEGISLATION OF

STOCK EXCHANGES ?

SPECIAL TO CHINA MAIL. (Bu_Telagraph, Copyright. Telegra- phie Marages Ordinance, 1891. Re- ceived December 5, 7.28 p.m.)

Washington, Yesterday, Senator Fletcher yesterday visit-i

ly in declining to be drawn into a jed the White House, after which he

predicted the enactment of legisla mere game of words.

facts.

It is not expected that any fur-Sovvi Italun views rather than) ther action will follow in the near Jany definite decisions.

Signor Gayda, commonly re In his despatch Mr. De Valera re- garded The mouthpiece of ferred to the statement made

ALS FRANCO - GERMAN S Mussolini writing in the Mr. Thomas in the House of Com-

The Times pays tribute to thetion providing for Federal regula- Giornale D'italia states:

mona on November 14 calling at wine restraint of Mt. J. H. Thomas tion of the Stock Exchanges.— UNDERSTANDING? "Both countries love a clear tention to the fact that the Bills and declares that the Government United Press. per 8.C. Gold Bar Co.

situation concrete facts and then before the Free State Parlia has acted with real statesmanship definite solutions. Both willment conflicted with the Anglo-in emphasising their belief that a

CREDIT EXPANSION. not fail in the universal col-Irish Treaty, and expressing the close friendly relationship between lective action 10 concentrate desire of the British Government to the two countries is essential to

New York Bank Bells policy on direct relations and see the Irish Free State taking her common prosperity.

Block To R.F.C. full share as a member of the Com-

The Daily Telegraph points out

New York, To-day, reconciliationmonwealth, of her own free will ac- that Mr. Thomas' reply is an en- In furtherance of President with the Soviet seems as far off cepting its responsibilities and enphatic refusal to accept Mr. De Roosevelt's plan to strengthen the

joying its privileges.

Valera's representation of the capital structures of banks prepera

tory to credit expansion for the "The British Government rightly benefit of industry, the National refused to say what it will do in City Bank of New York is selling

the newspaper adds.

to the Reconstruction Finance Cor While it is officially stated in paration-Reuter In every generation they had Dublin that there will be no gen striven to maintain their right to eral election in the sear exist as a distinct and independent political circles believe that a gen nation, and whenever they yielded cral election cannot long be delay.

(Continued on Page 7).

"FREE STATE IN GRAVE DANGER."

Aggression Of Another Country.

Berlin, To-day. as ever. The British Ambassador, Sir The United States Postmaster Eric Philipps. yesterday had an General, Mr. James A. Farley, hour's talk on Disarmament with denies acted as an intermediary, Chancellor Hitler, who reiterated but undoubtedly the Vatican his desire to come to an under-looked to him to explain the at standing with France as quickly layed Soviet religious concession as possible.

to America.

The Ambassador emphasised the British Government's anxiety to see France and Germany arrive at an agreement on Disarmament"

and

on all other outstanding questions. It is learned that the German Government is now awaiting a move by the new French Government, ne to its standpoint in the recent con- versations between Herr Hitler and! the French Ambassador, which re-

The Vatican is disappoint- ed with the explanation and considers that the concession

quite Insubstantial. fleuter.

KOWLOON-CANTON RAILWAY USE

quire a reply from France. Reu Nanking Drafts New

ter.

TAXES ON WEALTHY.

Increases Recommended

(

eived December 6, 0,45 am.)

Contract.

NEGOTIATIONS PENDING

Nanking, To-day.

In view of the fact that the

Mr. De Valera said the Irish people had never sought mem- bership of the Commonwealth Their association with Great Britain and the Commonwealth had never, on their side, been voltintary.

Dublin, To-day. The Irish Free State is in the midst of gravé danger caused by the ・ aggression "of another country,” declared Mr. By Congress Committet. gino-British contract for the

Eamon De Vatera, ✅ President, of the Free State, replying to ÁLLÁSPECIAL TO CHINA MAIL joint use of the Canton-Kowloon

Railway has expired, the Nana'deputation yesterday, Telegraph. Copyright, Telegra phic Mrange Ordinance, 1884. Ring Ministry of Railways has Every act of disorder and Indis decided to send an official to Can- cipline was an incitement to the ton to consult the Canton authorl-aggressors to continue to intensify Washington, To-day."

ties as to steps to be taken to their aggression, he said.. The House of Representatives start negotiations with the Brille therefore urged all patriotic Waga and Means Committes bu1ish authorities for the conclusion Irishmen to use their influence to "recommended, tax changes, sharply of a new contract.

- maintain" poace" and order and to Increasing the taxes on the wealthy The Nanking Ministry of Rail- secure the concentratipa. of na- and also raising the tax dividends ways has drawn up a draft con- tional energy on the important Con (expfial, gaina and Jossaser fence which is intended" fór dis- work of, building up the-economic

United Pissa, per S.C. Gold - Bir cussion, with the British authori- life of the country and

|ties: -- Central News Agency, lite indepent

POWER OF CHINA

SPECIAL TO CHINA NAIL -

(By Telegraph, Copyright. Telegra phie Messages Ordinance, 1894, ceived 'December 5, 721 p.)

Montevideo, To-day. Most of the delegations attend-

ing the Pan-American Conference

here favour the inclusion of sil- ver on the Conference agenda.

The Mexicana: are pushing a

programme seeking;

Firstly, bimetallism and stabiŇ- sation.

Secondly, the basing of mone- tary policies on internal prics levels.

Thirdly, uniformity in central| banking,

New York, To-day. Prohibition in the United States is dead.

The States of Ohio, Pennsylvania and Utah have ratified repeal.

Prohibition is estimated by the "Wets" to have cost the United States £4,500,000,000 since it was enforced on July 1,1919,

The lives, including crimin- als, Prohibition officers, and victims of bad liquor, under

prohibition, is believed to have exceeded, per capita, the figures of pre-Prohibition days.

The anti-Prohibitionists estim. ate the liquor production loss to be 200,000,000 gallons per year.

The United States is now faced with the problem of con- trol of the liquor industry. Tem Perance advocates are urging the substitution of State purchas- [ing and retail monopolies for the

licensing system.--Reuter.

SALOON BANNED

Boosevelt Appeals For Legal Drinking.

"OLD MAN PROHIBITION"" LYNCHED ON BROADWAY

New York, Later. President Roosevelt has issued a proclamation, announcing the repeal Fourthly, the creation of an

of the Prohibition Amendment, and inter-American Clearing and Com-calling on citizens to co-operate with pensation Chamber, obviating un-the Government in its efforts to re- necessary gold movements.

store greater respect for the law

Fifthly, the inclusion of silver by confining their purchases of al-

among bank reserves.

Sixthly, the control of currency markets.

Seventhly, the standardisation of a credit medium. Experts claim that the pro- gramme would vastly increase the purchasing power of China, India and other silver holders, who profited at the expense of

coholic beverages to licensed dealers or agencies.

The President urged that no State should authorise the re- turn of the saloon, either in the old style or in a modern guise. "We must remove for ever the

menace of the bootlegger and others

and would likewise strengthen good Government and law and or the gold standard countries. der he said. United Press, per 3. C. Gold Bar

Co.

BRITAIN'S SOUND FINANCES.

purely bypothetical circumstances," U.S.$50,000,000 of preferred stock Expenditure More Than

future,

ed.-Reuter.

FROST CANCELS RUGBY GAME

London, To-day,

ABSENT WITHOUT.

LEAVE.

£53,000,000. Less.

The latest

趄

The news that Utah had ratified repeal was dashed by telegraph and radio throughout the country.

The lynching of "Old Man Prohl- bition" from a flagpole was the sig- nal for an outburst of rejoicing on Broadway.

The effigy was placed in a plaia colin and was drawn through Broadway by a camel Supplies of liquor and wine were plentiful and 'the many new con-

London, To-day. Treasury returna show that ordinary revenue for the cocktail, which proved the most po- current financial year up to De- cocktal, which proved the most po

pular Router. cember 2 amounted to £376,188,440. At the corresponding date of last

year the amount stood at $364,577,- BRITISH TEXTILE

1567.

Court-Martial Sentence On Lincolns Private.

Private Arthur Ransome of the Ordinary expenditure to date for The Rugby match between Cam 1st Battalion, the Lincolnshire Re-the current year totalled. £466,788,- bridge University and Mr. J. Egiment, who was found guilty, by a 277 as compared with £519,964,840 Greenwood's fifteen was postponed Military Court Martial, on Novem at the corresponing date of Int

ber 27, of being absent from Bar-year-British Wireless Bervice, yesterday owing to frost.

The annual Inter-Varsity match racky without leave, has been; sen-

will take place at Twickenham next tenced to 56 days' detention and LINDBERGHS OFF

Tuesday. --Renter."

ordered to pay a fins of ten sbillings,

Sensational Increase In

American Exports To Japan

SPECIAL TO CHINA MAIL,

(B Telegraph, Corright, Telegra pkis Messages Ordinance, 1894. Re ceived December 6, 115 a.m.) i

Washington, To-day. American exports to Japan particularly notient, are par

the dollar yen rates, which are expected to vitally influence the ultimate fixation of the Ameri can dollar's valus,

FOR BRAZIL

Flight Over Southern

Atlantic..

Bathurst, Gambia, To-day,

Colonel and Mrs. Lind bergh took off at 2.am; -on their trans-Atlantic' fight 'to Natal, Brazil-Reuter,

MACHINERY

Big Purchases By Japan. £14,332,000 IN 12 YEARS

TO FAR EAST

London, To-day. During the 12 years from 1921 to 1982 the declared value of Adornestlé exports of textile machinery and parts thereof from the United Kingdom to Japan, inchiding Formosa and the Japanese leased territories, and to China, aggregated 214.382,000, according to figures It is revealed that Japan's pur- Colonel and Mrs. Lindbergh, who quoted by the President of the chases of United States control are returning home by easy stages, Board of Trade, Mr. Walter for the first three months of the arrived in Bathurst, on Noveraber Runciman, In the House of Com- exporting season exceeded Bri-30, having flown from Labon, after mons, yesterday, tain's exports, by 86 per cent complating a tour of Europe, via Exports of other machinery" United Press, per S C Gold Bar the Azores and the Cape Verde Is-for the same period valued

1lands.

£14,859,000, he said-Reuter.

onsequence, United States

most interested " in]Co.

ciais are

F