1933-12-22 — Page 1

The

new

BEDFORD

TRUCK

THE

dollar, on demand, closed

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

The

preme Co

FINAL EDITION.

China Mail

Ext. 1845.

HONG KONG HOTEL

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

GARAGE

No. 28,606

HONG KONG, FRIDAY, DECEMBER 22, 1933,

PRICE $3.00 Per Month..

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BERNARDS OF HARWICH

Chater Road.

GENTLEMEN'S OUTFITTERS.

PRESIDENT ROOSEVELT RATIFIES LONDON SILVER AGREEMENT

REPUBLICAN PARTY SEEK NEW LEADER

Hoover Eliminated As Future Presidential Candidate

SPECIAL.TO CHINA MAIL By Teluraph. Copyright Telegra- phic Meanges Ordinance, 189. R erlord December 22, 9.58 a.m.)

Washington, To-day.

It is authoritatively learned that the Republican Party Leaders, in a secret meeting, have decided that from Mr. Herbert Hoover, who 1928 to 1932 was Republican Pre- sident of the United States, is the 1936 virtually eliminated candidate for the Presidency. United Press. per S.C. Gold Bar Co

LLN

US. RECOVERY

STABLE BUSINESS IN NOVEMBER.

Money Increased.

SPECIAL TO CHINA MAIL.

(By Telegraph, Copyright. Telepre. phic Mesanaca Ordinance, 1894. R

The

December

ceived December 21, Dak a.m.)

Washington, To-day.

bulletin of the Federal Reserve Board states that business activity in the United States regained stability in Novem- ber and that money has increased,

due to increased pay-roli require- ments and retail trade rather than to boarding.

The bulletin reports U.S.$50,000,000 toms in Euro- pean gold holdings during the first three weeks of November, "The increased private, hut reported, gold holdings are more than sufficient to absorb the new production.-United Press, per' S.C. Gold Bar Co.

U.S. GOLD FUND INCREASED.

Purchases Total Only $16,976.000.

TRADE RECIPROCITY WITH FRANCE

un

+

WORLD INCREASE IN PRICE POSSIBLE

TO PAY 64.5 CENTS SILVER RISE

AN OUNCE

12,000,000 OUNCES TO BE

COINED ANNUALLY

HIGHER

MONETARY RECOGNITION PROBABLE FOR SILVER

SPECIAL TO CHINA MAIL.

(By Telegraph, Copyright, Telegraphic Messages Ordinance, 1894.

Received December 22, 0.58 a.m.)

WASHINGTON, TO-DAY.

TO AID WORLD

RECOVERY

Pittman Elated At Action

STABILISATION OF WORLD

PRICE!!!

Washington. To-day. Senator Key Pittman, Chairman of the United States Senate Foreign Relations Committee, said that Pre- sident Roosevelt's action meant an enormous increase in the United States export trade and would re-

sult in world-wide stabilisation of The Fleet's Air Arm-A Torpedo-Carrier Off To The Attack--One of a squadron of Blackburn Ripen torpedo. Carriers on the way to “at- PRESIDENT ROOSEVELT HAS RATIFIED THE LONDON the silver price at 64.5 cents per tack" hostile dect reported scaming one hundred miles away. In the

foreground is seen the crabeer "Leander.”

SILVER AGREEMENT UNDER WHICH THE AMERICAN GOV. ERNMENT WILL PAY 64.5 CENTS PER OUNCE. IT PRO- VIDES THAT THE UNITED STATES MAY USE 24,000,000 OUNCES ANNUALLY, COINING HALF AND PLACING THE REMAINDER IN THE TREASURY.

Observers are slow to accept Speaker Rainey's statements as categorically representing Administration sentiment.

They be leve, however. That President Roosevelt will probably be forced to give silver some recognition as money in order to forestall a Con- gressional inflation rebellion.

Mr. Rainey's plan will probably satisfy all the silver advocates ex- cepting a few who are insisting on re-monetisation at a fixed ratio, preferably 16 to 1. Without the silver advocates' support, the infla- tionists would be impotent.

DESPITE THE UNCHANGED GOLD PRICE, IT IS UNDER- STOOD THAT THE ADMINISTRATION IS CONSIDERING A "MORE AGGRESSIVE PRICE BOOSTING PROGRAMME TO STRENGTHEN THE COMMODITY AND SECURITY” MARKETS IF FURTHER LOSSES ARE SHOWN. - UNITED PRESS, PER

S. C. GOLD BAR CO.

GOVERNMENT WILL | GOLD AND SILVER

COIN SILVER.

Treasury To Take Newly-Mined Metal.

Unfixed Ration Favoured By Rainey.

SPECIAL TO CHINA MAIL (Dy Telegraph, Copyright. Telegra nhe Messages Ordinance, 180h, President Roosevelt's proclama- jerived December 21, 10.31 p.m.)

Washington. To-day.

Llon says that under authority

m

Washington, Yesterday. Speaker Rainey, to-day charged

granted him at the last session

Professor O. M. W. Sprague former Washington, To-day.

of Congress he has ratifled the adviser to the United

States The Reconstruction Finance Cor-London Silver Agreement, which Treasury, with being more interest- poration's gold fund has been rehas already been put into effect by jed in British money polices than increased from U. S. $75,000,000 to the Government of India. U. S. $100,000,000, Mr. Jesse Jones, Chairman of the Corporation states that the U. 8. $75,000,000 fund is still far from exhaustion.

Domestic gold purchases so far total 507,485 ounces, valued at V. S. $16,970,000.

(Continued on' Page 9.)

►

RACING PILOT'S MISHAP

Forced Down In Desert In Egypt...

LUCKILY ^ SPOLLED BY

FRENCH RIVAL

Cairo, To-day,

The race for the Masio

with those of the United States.

"Professor Sprague expects to The proclamation. In accordance remain in the United States to lead with the Act of Congress, the fight against the President's po- japens the United States mints licles," he declared.

to the colnage of standard

Mr. Rainey expressed harmony ilver dollars from silver with

the Administration's pro. which is boreafter produced in the United States and its possessioDA,

expenses.

gramme.

ounce.

Senator Pittman is most elated at this "Christmas presarit" and eaid that he is confident that Canada, Australia, Mexico and Peru will act similarly and that the increased silver value will in- crease the exchange value of j those countries to the same ex- tent, including their buying capacity, which will aid the rais ing commodities prices and tend greatly half to the United States recovery and hasten a return to normal conditions Reuter.

Mints To Start Coinage

Washington, To-day, President Roosevelt has ordered:

Įthe United States mints to coin half of the annual-production of 24,000,000 ounces of silver to the benefit-of producers.

The other half will be kept at the Treasury as reserve.

The White House has estimated that this will give a price of 64.5 cents per ounce, or half the legal price, and considerably above market prico.

the

Coinage will be subject to the producers' desire. If fully exer- cised, it will mean the coinage of

13,900,000 ativer dollars.—-Reuter.

GEN. O'DUFFY

RELEASED --

Order By Supreme Court.

7 DROWNED

AS STEAMERS

COLLIDE

Stewardess And Six Of Crew.

SWEDISH STEAMER : SIN

OFF SPURN HEAD

London, Po-day. Seven people, including a stew- ardess, were drowned when the Swedish steamer, "Castor," sank off Spurn Head, Yorkshire, after a collision with a Hull trawler, 8.8. Kurd.

The accident took place during a thick fog, and the "Castor," a verse) of 569 tons, sank almost immediata-

17.

Seven survivors were picked up by the trawler, and were landed at. Hull, yesterday.

GERMAN AND FRENCH The six male victims were

RELATIONS

"NO TERRITORIAL CONFLICT IF

A

THE SAAR RETURNED "

SIR JOHN SIMON ATTACHES IMPORTANCE TO HITLER'S DECLARATION.

London, To-day

The Foreign Secretary, Sir Iaith Simon, delayed his departure for a short continental holiday until last evening, in order to take part in the discussion on foreign affairs which mainly occupied the attention of the House of Commons before the House yesterday afternoon adjour for Christmas.

members of the crew. British Wireless Service.

HOSTILITIES

EXPECTED TO

START SOON

Nanking Offensive Against Fukien.

ARMY: NAVI AND AIR

The approach.

Anda China facing the přespect of major interuki hostilities. The Minister for the Navy, Vice- He remarked that there had been very prompt and vigorous Admiral Chen Bhasa, fold in- efforts from more capitals than one since Germany's withdrawal terviuous that tharder for a gen from the Disarmament Conference. One of the most important eral offensive what the. Fuklan things that had happened was that Chancellor Hitler had been rebels by land, weak and ale may be making some declarations, by wireless and other means, which expected at any, moment, with Foo- whatever we might think of their contents, were of very great mo- [show as objectiva. ment to all the world,

One declaration was; of special Interest to France. Almost at the name time as Germany, withdrew Herr Hitler said:

"It would be of the first im- portance for the two nations if Germany and France could once and for all ban the use of force from their common lives. No territorial conflict exists be- tween the two countries, so far as Germany is concerned, once the Baar is returned.”

The British Government had been concerning themselves very active

the real purpose-

Marshal Chiang Kai-shek has

forward for consideration by a completed all preparations for the drive. The Army, Navy and Air Germany's neighbours.

In dealing with the matter the swing, into action:

Force are only awaiting the order

Government had been very careful

to indicate they had not forgotten Admiral Chen Shao-kwan himself the obligations which rested on will proceed to the Fukien coast to the members of the League of Ng-direct naval operations, if neces tions, and therefore the form in sary Reuter.. which such pacta of non-aggression might be cast would have been con- sidered in view of the undoubted obligations which such a convenant. put on parties to it.

(Continued on. Page 9.).

ly with what was NEW RAIL LINES of those declara- IN MANCHUKUO

"DETENTION ILLEGAL”

Dublin, To-day. "We cannot undertake to main- |- · General 'O'Duffy, leader of the subject to the depositors of such tain the ratio between gold and Irish Free State National Guard, silver surrendering to the Govern-ailver, but there are ways of bring who was arrested on Sunday, at ment one-half thereof a seigniorage ing gold and silver into circulation Westport, where he was schedul and to cover all usuş! charges and as money without giving eithered to make a speech to a gather|

Mixed value in terms of the other ing of "Blue Shirts," is to be re Dollars coined. from one-half of He said.

|lessed · immediately, auch newly-mined silver will be re- The statement is interpreted RE The order for release WAR turned to the positor, and half favouring an un-fixed gold and made by the Judge of the surrendered to the Government to sliver ratio which the Administra- Supreme Court, who is satisfied |ba-retained by the Treasury Reu- tion would support--United Press, that General O'Duffy's detention

jper S. C. Gold Bar Co.

is illegal.

Sir J Bimon, which had been against General O'Duffy, but he thrown out or indicated, Bat it

Iter,

RAISING PRICE OF SILVER.

Text Of Roosevelt Proclamation.

They had made plain that, in making auch "in- quiries, they were not expressingʻap- proval of some of the proposals

Three New Routes. Started.

S.M.R. AWARDED CONTRACT OF YEN 70,000,000

Tokyo, To-day.

ROYAL CHRISTMAS AT SANDRINGĦAM.

Grand-Children Travel With Their Majesties

Loudon, To-day.

Their Majestion," the King:- and Queen, yesterday left Buckingham Palace" "for" San- dringham where they will 'spend the Christmas,“

Princess Elizabeth and Princess Margaret, the children of the Duke

|and Duchess of York, travelled · |with them--British Wireless Ser-

vice.

VICEROY OF INDIA ON VACATION.

No charge was preferred was arrested on the grounds did appear to them that it certain- The Manchukuo Legation this The proclamation referred to the that he was wearing the uniformly was their duty to do their at-morning announced the award of Trophy.. one of the biggest

United States silver resolution of the "Blue Shirts, an organ most to clarify, the situation and aerial Derbys ever organised, has Increased Buying Power passed at the World Economic Con- Isation declared illegal by the and out what really was behind it. South Manchurian Railway for a Yen 70,000,000 contract to the

·þegun over á eircuit of 900 miles. Of Silver Countries.ference, and to the supplementary President of the Free State, Mr.

Inquiries had been very actively the construction of thred rail. Lord Willingdon's Short Twenty-two competitora of

agreement between the silver pro Eamon De Valers-Reuter,

conducted and the British Am-way lines, as follows various nationalities have al-

Washington, Later. ducing countries, reached in Lon-

Leave Next May. bassador in Berlin was kaked to ready landed at a place 500 miles The proclamation mentions don, and continueds-mod fied has been mined subsequently come to London and see the Gov. from Cairo.

that ⠀ Senator. Thomas' - „smend- "Now, therefore, finding it pro- tó the date of tile proclamation,"

erpiment, and The only other competitor, an ment authorison the President per to co-operate with other This proclamation will remain

It appeared that, on the political Egyptian named Hazik, had › a to do-valan the gold or silver con- Governments and necessary to sa: In force until December 31, 1957, forced landing 50 miles west of teat of the dollar, on and dad wist In Increasing and stabilising less repealed or modifed by her side of the technical questions of Kharga in a spot so inaccessible The President states that his fa- domestic prices, to augment the of Congress, or a subsequent pra armament, Chancellor Hitler kad that even camels cannot, reach|vestigations "showed that, it was purchasing power of the peoples of clamation.

mada propositions, which were cer necessary that the allver price should silver-using countries and to, pro- The preasst ratio in weight fortainly intended to be formal prothe

that in? be effianced and stabilised in order tect our foreign comm

Ivar doll

He was Inckily spotted by French pilot who

the, mishap. Two

of the Egyptian Air Force

proceeded in the,

His damaged aeroplane will

red for fight later: *** Ret

to nasist in increasing and stabilis- the adverse affect:

ing domestic prions, to augment the foreign currencies, purchasing power of the peoples of nach United States

prote

1

posals, and

púb

the Korean border, northward to From Tamen, near Kainei, on

· Mutanking, crossing the Chinese © Eastern::/Railway between "Alho

and Hallin.

From Pelanaken), and, the eventual; continuatic

Halho, not

sation was

Lon

Comell; kas

ling four months,

Lord Wil

proceed to "Enge

the appointe

ment of Bir George Blanley, Gov 28, toʻact an Viceroy overnor-Gene “during Lord has al Willingdon's; absence, --- British

con-