1933-12-16 — Page 1

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"THE HONG KONG HOTEL

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Stubbe Road, Happy Valley.

to-day

China Mail

BEDFORD

Est. 18435.

B=2; 1865;

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

MADE IN

ENGLAND

No. 28,601 HONG KONG, SATURDAY, DECEMBER 16, 1933. PRICE $3.00 Per Month.

YOU BUY BETTER

AT

BERNARDS' OF HARWICH

Chater Road.

GENTLEMEN'S OUTFITTERS,

SPONSOR OF "RUBBER DOLLAR" PREDICTS STABILISATION IN U.S.

JAPANESE

COMPETITION

‘QUITE FAIR”

Cheap Goods Of A Good Quality.

POSITION IN DUTCH EAST INDIES DEFENDED

The Hague. To-day. Japanese competition in the Dutch East Indies was quite fair. declared Mr. Okada, leader of the Japanese cotton delegation, which! has arrived in Britain to negotiate with the Lancashire cotton leaders.

Mr. Okada declared that the de legation was later visiting Holland to learn what the Dutch Govern. 'ment had to propose. Japan would al present pursue a neutral course, he said,

It was of vital intercat in a depressed world that people could buy goods of good quali ty for much lower prices than. the European industries could make them, he declared Reu ter.

CONVERSATIONS TO BE RESUMED

Lancashire And Japan To Meet Next Week

www.w

London, To-day. Resumed conversations, with: Ja- panese cotton industrialists will be held in London next Wednesday.

A spectat Lancashire Committee,|

including representatives of every

Major John Hay Belth, better known under his pen name of Ian Hay, is recuperating after an operation for appendicitis.

HITLER'S TRADE METHODS

To Compel Foreign Reciprocity.

WARNS OF INFLATION DANGER

CRITICISES METHOD OF JOBLESS RELIEF

CONGRESS INFLATION BLOC MAY

BE ORGANISED

NEW YORK, TO-DAT.

THE INFLATIONIST ADVOCATES IN THE UNITED STATES CONGRESS ARE PLANNING TO ORGANISE A BLOC!) FOR MANDATORY INFLATIONARY LEGISLATION: "SENA- TOR BORAH AND SENATOR THOMAS AND OTHERS ARE DISSATISFIED WITH THE PRESIDENT'S FAILURE TO DE- CISIVELY USE THE AMENDMENT AUTHORISING PER CENT. INFLATION.

Professor Rogers, who with Professor Warren fathered the "rubber dollar," declared that public and civil works went "push- ing the country towards Inflation and were badly imbalancing the budget.

Paying wages above local wages and pulling away labour from Industries would ultimately result in increas- log unemployment faster than the Government could res

lieve it, he said.

He predicted stabilisation and a flowing back of capital from GOVERNMENT MONOPOLY OF velt's mild measures mandatory, we shall have runaway inflation..

abroad, but uttered a warning, "If Congress makes President Roose-

FARM PRODUCTS

Berlin, To-day. The Hiller Cabinet” has issued a decree giving the Government a monopoly of eggs. butter. cheese. and other milk products.

Sellers of these products, whe-

section of the cotton and artificial ther domestic or imported, must silk industries. has been appointed first offer them to the Govern-

Reuter.

FAST BUSINESS HMPROVEMENT-

Keen Christmas, Buying In America.

#PECIAL TO CHINA MAIL.. (By_Telegraph. Copyright, Telagra»,

N. R. A. DIRECTOR

· REMAINING.

Gen. Jahnson Not Leaving Post.

New York, To-day,

This week's violent gales in the English Channel and the North Sea, which took toll of nine lives on Wednesday, when the a&. “Culmore”- sink with all ́hands off Aldeburgh," Suffolk.. recalls the fierce › gales which swept the Atlantic last month. The plcture, shows the Fastnet Lighthouse, off Cape Clear, Ire land, where the giant Iner ss. Berengaria altered her course In a vain attempt to rescue the crew of the us. Saxilby, on November

15,~~~(5. & G.),

OPTIMISTIC TONE

ON WALL ST.

Limited Trading Expected.

STOCKS DECLINE: YESTERDAY

PNG SPECIAL TO CHINA”MAIL, SAM

faralagraph Consticht: Tales

|okie, Messages - Ordinandi, 1807% -RA

naived December, 16). 8.89. a.M.):

New York-To-day. Wall Street sentiment is op timistic but" It is believed: that] trading will continue to be limit,

to take part in the discussionsment office. If the Government whie Afasangra Ordinance, 1894. Re foundation for the report thated until after the holidays.

British Wireless Service.

declines to purchase the products, ceived December 10, 8:08 am) they are automatically barred

NAVY FAREWELL from sale in Germany.

TO SIR MILES

Two Destroyers Escort Ranchi.

SALUTE OF 17 GUNS

The Navy gave a farewell to His Excellency Sir Miles Lampson, R.C.M.G., the refiring British Mini-

The law thus gives the Gov- Jernment a weapon to influence foreign trade on a reciprocity basis. -- Reuter.

New York, To-day.

Messrs. Dun and Bradstreet in their business report state that business in the United States is improving faster than at any time in the last three months. Trade is resting on more stable basis, they assert.

HOLLAND TO D.E.L.- ·

IN 3% DAYS

First Attempt Fails

ater to China, en route to Egypt, DUTCH PLANE FORCED DOWN

as he left Hong Kong at noon to day on board the P. and O. 1.8. Ranchi.

Two destroyers escorted the Ranchi out of harbour from the Kowloon wharf, while all the navil vessels in harbour "cheered ship" and hoisted the "good-bye" and "good luck" flag signals.

II.M.S. Cumberland fired a salute. of 17 guns, and as the P. and 0. liner passed, H.M.S. Eagle, the band on board played "Auld Lang Syne."

A flight of five fighting planes from the R.A.F. at Kai. Tack also accompanied the Ranch! out of] harbour, flying in tormation,

A Guard of Honour was present on the wharf at Kowloon at 11.30: this morning when Sir Miles embarked on the Ranchi.

The Guard consisted of 50 men of the Lincolnshire Regiment, under 'the command of Captain H. Mar- shall. The regimental colours were carried by 2nd Lieut. K. E. Cotter, and the band of the regiment- was In attendance,

CHANG ON HIS WAY

TO SHANGHAL

Conte Verdi Encounters Gale In Adriatic:

Rome, To-day,

· Marshal" Chang "Hauch-Hans for Shanghai, vasterday. mening, from Venlos sboard, the

Conte Verd

ship met heavy seas in the Adristic where a gale is ragin

IN ITALY

Christmas buying is the largest for three years.

The principal price indices are |rising and the feeling as security is growing, the report_adds.--

United Press, per S. C. Gold Bar Co.

NO INDUSTRIAL BOOM.

Brindisi, To-day. Some 20,000 letters des- patched from Amsterdam last Monday by the plane, which was attempting to fly the Dutch East Indies in 81% days Commodity Prices Held and which was forced to des cend in Italy owing to engine trouble, were picked up yes terday by the regular Imperial] Airways plane on the London-

phio Manages Ordinamos. 1894. Es Africa service, at Brindisi.

They will be taken to Cairo delved December 16, 9.00 am.) where they will be transferred

New York, To-day

By Gold Rise.

SPECIAL TO CHINA MÄIL.. (By Telegraph. Copyright, Telegra

It is understood that there

{General Hugh 8. Johnson will re- Favourable factors include the

his post as head of the

*the Public United State Recovery Admin. Works administration will gant intration.

more loans to permit the pur The Chicago Daily News yester chasing of railway equipment. day declared that General Johnson There is an expectation of s would be taking up another Govern-[decrease in the December cotton ment post within a week-Beuter. consumption. United

Mr. per S. C. Gold Bar Co.

U.S. INCOME TAX ́ ́REGULATIONS.

Changes Suggested By Treasury.

MORE TAXES ON INCOME FROM INVESTMENTS:

SPECIAL TO CHINA MAIL. (By-Telegraphy Copyright. Telegra phis Messages Ordinance, 1896, Re ceived December 18, 2:03 am)

Press,

'Re-action set in on the New York Stock Market, yesterday, and busi- ness dropped to 1,170,000 shares. Industrials and rails were down 1.49 and .74 to 99.95 and 41.45 re- spectively, while utilities and bonds declined 43, and 20 to 28.70) and 83.14.,

After opening higher on the firmer sterling rate, the allver de-l mand was very limited, with con sistent liquidation forcing prices downward. Trade was fairl5": active.

In their market report, Messrs. Washington, To-day,

E. A. Pierce and Company, through Mr. Henry Morgenthau, Acting their local, correspondents," Mesars. Secretary of the Treasury, appear Aris Lands, Ltd., states ing yesterday before the Ways and Means Committee of the Senate recommended a lower Federal tax

on earned Incomes than on incomes from investments,

to a Dutch machine to continue The New York trade Journal, The Mr. Morgenthang urged the ther flight to the Dutch East Annalist, states that the expected abandonment of the system per- Indies. Reuter.

advance in industrial activity has mitting husbands, and wives to filo failed to materialish, but that the separate returns,

CONVICTS ESCAPE IN HONDURAS

9 Killed In Fight With Soldiers.

Nine

New York, To-day myicts are been kille

from

wers wounded

doubt on the part of traders as to The market showed increasing whether it is advisable to maintala

long positions: We still do not be- love, however, that any seriou reaction, ia in immediate, Trypact. (Continued on Page 91

TWO MORE. NATIONS DEFAULT TO AMERICA

France and Belgium Not To

War Debt Instaliment

Washington, To-day. France and Belgium -- hare, given farmkt

mal notification to the United Stater

defaultin kalz Tax debe Instal

war menta which were due petenda po

The British token, payment of $7,500,000, was paid in Washington yesterday, while, Italy has wigni- fed her intention of making taken payment-Dolted: Press; per 8,0. Gold Bar Co.

RUM-RUNNING

PROBLEM ON

U.S. COAST

$40,000 Cases Of Liquor

On Freighter.

U. S. NAVY TO CO-OPERATE WITH COAST. GUARDS

Washington, To-day.

^ A British freighter, fring off the California coast, suspected of being a rum-rumner, is regarded as a chal- lenge to the ability of America to enforce the wor lave, 1-

Consequently, President Roose velt has ordered the Navy to co- operate with the Court Guards in' preventing rum-running-

Representativen of the owners of the vessel which · is carrying a cargo of 40,000 cases of liquor, are reported to have, telegraphically re quested permission "to, enter the harbour of Los Angeles and place the liquor in a bonded warehouss pending sale in accordance with the quotas

They undertake if permission granted, that smuggling on the Pacific coast will cease in at least; six months. →→ Reuter.

BUSY COMMONS. 23 Hour Bittinge

#Newfoundland Bill.

Lepden, To-day

The House of Commons 29se enf Fosterday afternoon after, sitti continuously for nearly 123 Mieri

After completing the couns stags of the Bill to give efect to thứ recommendations of the Rogal:Coin!

RAIL DISASTER mission of Newfoundland, the House

IN POLAND

· 14 Killed, 80 Injured In Collision.

· MANY CHILDREN VICTIMS

Poznan, Poland, Today,

A disastrous railway colli- sion, involving the loss of 14. lives and the injury of 60 others, occured here last night. Many of the victims are children,

The accident outside the the

ery, WAS: pied by the coaches embankis

down the

C. P. LUXURY LINER.

Leaves England.

reported to be promising. Arst quarter's steel prospects are He recommended the retention of SAAR NAZIS BEGIN Empress Of Britain

Commodity prices are steady due to the advancing price of gold,

Fears continue that France will be obliged to abandon"gold, the journal adds-United Press, bor 8. C. Gold Bar Col

4,000,000 GIVEN JOBS

GOVERNMENT.

MAIT

the income tax on capital gains, allowing some é daduétions for capital losses, but advocated re strictions to prevent the avoidance | af. Just a tax – payments/-United [Press, ppr 8, C. Gold Bar Co,

TREASURY ISSUE OVERSUBSCRIBED.

Interest

TROUBLE

Socialist Lea

Threatened.

TO MAKE THIRD VOYAGE.

“ROUND THE WORLD.

| proceeded-with the discussion of the financial resolution of the Commis- Jalan on the Unemployment Bill,

In order to permit of a continuose session yesterday's normal zitting wak automatically cancelledBri- Elah Wireless Service;

RADIO TELEPHONE

EXTENSIONS.

More South African Towns Included..

London To-day The Postmaster General nounces that from Monday, next a telephone service will be, avi between England; and certain pla in Northern and Southern Rhodesia, Including Livingstone -Broken Hill, Balisbury and Bulawayo,

The charge for a three-minute call to Northern. Rhodania will be £6-15 and to Southern Rhodesia £6-92Bridgh Wireless

ROYAL SCOT” BACK

IN LONDON

11,700-Miles Tour In America.

(G'S CONGRATULATIONS

Midland

Continued on Po