1933-12-29 — Page 1

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China Mail

THE HONG KONG HOTEL

*Est, 1843.

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

Bet 1845.

GARAGE

No. 28,611 HONG KONG, FRIDAY, DECEMBER 29, 1933. PRICE $3.00 Per Month-

YOU BUY BETTER

AT

BERNARDS OF HARWICH

Chater Road.

GENTLEMEN'S OUTFITTERS.

SILVERITES TO INTRODUCE 16 TO 1 REMONETISATION BILL

BRITAIN AND

CHINA

NEW TRADE

DEVELOPMENT

POSSIBILITIES

Big Market For Heavy Goods.

MR. BEALE'S ECONOMIC AND TRADE REPORT

London, To-day. The possibilities for increased trade between China and Great Britain. and the need for greater contact between British manufacturing interests and Chinese business-| men, are discussed in the report on trade and eco- nomic conditions in China, 1931/33, compiled by the British Commer- cial Counsellor at Shang- hai, Mr. Louis Beale.

The late Mr. Lam Woo- financier and philanthropist, who died at his Hong Kong residence on Wednesday.

INFLATION

ADVOCATE

RESIGNS

Supports Roosevelt Policies.

BUT URGES EXPANSION OF CURRENCY

SPECIAL TO CHINA MAIL. (By_Telegraph, Copyright, Telegra

He emphasises that although the strength and wealth of China should rest on her agriculture, yet in 1932, phie Messages Ordinance, 1884, Re- 20 per cent of her total imports erived December 19, 10 am.) were wheat and rice and 10 per cent sugar and other foodstuffs.

Meanwhile, many of China's natural industries are declining, and less of her many fine pro ducts are available or suitable, for export.

At the same time. Mr. Beale, praises the sincerity of the Chinese Government in their plans for pacification and reconstruction of the country.

He quotes as an example the four-year industrial plan for in-1) creasing production in staple | goods, such as wheat, cotton. textiles and iron and steel.

"HAS GOOD CHANCE IN CONGRESS"

FAVOURED BY SPEAKER RAINEY

ROOSEVELT TO SPEAK TO-NIGHT ON INTERNATIONAL SITUATION

SPECIAL TO CHINA NAIL,

(By Telegraph, Copyright, Telegraphic, Messages Ordinance, 1894. Received December 28, 10.36 a.m.)

WASHINGTON, TO-DAY. THE SPEAKER OF THE HOUSE OF REPRESENTATIVES, MR. D. RAINEY, YESTERDAY CONFERRED WITH PRESIDENT ROOSEVELT ON THE LEGISLATIVE PROGRAMME AFTER LEAVING THE WHITE HOUSE, MR. RAINEY FORECASTED THE POSSIBILITY OF FURTHER LEGISLATION TO STRENGTHEN THE

MONETARY POSITION OF SILVER..

"There is a strong silver sentiment In Congress,” he stated. "If the President gives encouragement there may be some silver. legislation.

"I would like to see silver coined free and its use as a metallic base broadened as much as possible," Speaker.... Rainey added.

fine' of £25, for an infringement of the Lotteries Act was recently imposed on the Duke of Atholl, (trilby hat); who is here Been chatting with a police sergeant: outside Bow Street Police Court, where the summons was heard. The case arose out of the Duke's appeal for funds for British hospitals. (8. & G.)..

|DELHI COTTON DECISIONS NOT

LIKED BY JAPAN

Senator Wheeler has summoned a Congressional Conference of the Free Silver advocates for to-day. It is considered to be the first major Delegates To Ask Suspension For move to force a free coinage Bill through the forthcoming Congress session.

Senator Wheeler said he intended to introduce a 16 to 1 Remone- tisation Bill-next. Wednesday. He said he believed there was a good change of favourable action-United Press, per S. C. Gold Bar Co. VITAL SPEECH BY GOLD HOARDING PRESIDENT IN AMERICA

Metal Must Be Sent To Treasury.

$528,000,000 HELD- BY PUBLIC

Foreign And Domestic Affairs.

Washington, To-day." Senator Thomas, of Okia- homa, has abandoned the leadership of the United States inflation advocates. He adds, however, that he is continuing to support mea- sures to expand currency. 'He is in accord with all of Pre- sident Roosevelt's monetaryhio Messages Ordinance, 1894. “Rr steps.

"Congress cannot escape its duty of reviking the American monetary system," he declares. "The United States is bankrupt.

SPECIAL TO CHINA NAIL.

By Tolsgraph, Copyright, Telegra

ceived December 19, 10.35 a.m.)

Washington, To-day.

President Roosevelt is expected

Washington, To-day, The Acting Secretary of the Treasury, Mr. to speak to-night in connection United States

Henry Morgenthau, has ordered all with the observance of President gold money and metal, with minor

"I do not intend to oppose the Wilson's birthday. It is believed exceptions to be delivered to the President's policy, but will con-that he will deal with the inter-Government j The outstanding weakness of tinue, with CongresS,

to seek the financial position is the con-sound measures to expand cur-

national situation. tinued heavy default on railway rency," he asserts. United President Roosevelt expects to complete the Budget messages over (the work-end,

He is expected to ask for, the

Works, employing "4,000,000 : unții May or June,

obligations to foreign lenders, Press, per S. C. Gold Bar Co. and the rehabilitation of railway |

Further Negotiations

Tokyo, To-day.

-It is reliably reported that "the- Japanese Government has decid-" led to instruct the, delegation al Delhi to request the Indian Gov- ernment to suspend "the applica- tion of the new tariff proposals carried pending ....... an * amicable -metilament-by-

* - negotiations-Bet" *ter:

SOVIETS

RELATIONS IN

FAR EAST

"JAPAN FEARS NEW

ALLIANCE

MOLOTOV'S IMPRESSIVE FOREIGN SURVEY

Moscow, To-day sharp contrast between the improvement of Soviet relations with France and Poland and the threat contained in the present at-' titude of Germany' and Japan was drawn by President Molotov at the opening session of the Central Exes cutive Committee, hjem

He added that relations with England were satisfactory, `des- pite the sharpening · of relations at the time, of the Metro-Vickers affair, and trade negotiations" were now proceeding normally..

M. Molotov asserted that the League of Nations” had

NANKING FORCES proved brake on the war-

IN AMOY

Rebels Move To

Changchow.

SHANGHAI REPORT

like Intentions of Germany and Japan,” and declared that Japanese elements feared So- viet co-operation with the United States and China in the Far East.

He added that the United States recognition of the Soviet was the outstanding success of Shanghai, To-day the year, and referred to M The China Praai gives promin» Litvinoff's role in the ence to a report "received by local which evoked a remarkable ac naval offices last night to the clamation by the 800 delegates.

/ effect that the Naniding payal attending Parliament.

forces have occupied Amoy and p

other strategic 'points along the Fuklen coast without resistance

BRITISH RAILWAY from the rebel troops, who had pre-

TRAFFIC

Constant Improvement Recorded.

CHRISTMAS RECEIPTS GREATLY

- INCREASED

viously evacuated the ports in question.

matter,

14

Ready For Possible

Japanese Attack.”

M. Molotov cited; as evidence of The report adds that the seat of the Soviet's peaceful attitude the the rebel Government has been Soviet offer of a non-aggression moved from Foochow to Chang-pact with Japan, the consent to the chow.-Reuter.

[sale of the Chinese Eastern Rail- way and their attentive attidute to all business questions, for example, regarding Japanese concessions in

(Continued on Page 12).

ROTHSCHILD HEIR the Far East

MARRIES

Weds Daughter Of Leading Barrister.

London, To-day.

Nevertheless, M. Moloter stated, certain Japanese papers and Japanese officials were dally engaged in ascribing ag-" "gressive intentions to the Bo-

viet.TM

The most reactionary. Japanese

finances and operations is a pre-XTREME COLD IN!mmediate continuance of Civil Certificates situated in the United passenger traffic rose by 242,000, Rothschild barony of his bachelor isolation and were horrified at the

requisite of progress, he de

clares,

He considers that the greatest | market in China from now on. ward will consist of capital goods, including machinery and equipment, opportunities for which ought to more than off- set the probable loss to British trade in consumable goods,

The keynote of British participation in the develop ment of China must be in- vestments and co-operation with Chinese interests, he declures. Both countries now reallee that a share of control by the Britleh, inter- esta concerned and the ald of British technicians is to the benefit of both. Mr. Beale adds that the for mation of

a group of British manufacturing interests to ex- plore the commercial possibilities In China is worthy of serious consideration. British Wire- less Bervice,

a

AMERICA

Frozen To Death In Streets.

BODIES FOUND IN A DOZEN CITIES

'It is believed that the Pre- sident will seek to extend the Reconstruction Finance Cors poration which dies on Jann...”- ary 22 unless Congress acts It is believed that the Admini stration programme will prevail

London, To-day. Trafic on the British rail- ways during Christmas show- Every person within the jurisdic-

ed a further large increase, tion

the United of

States

Compared with the same week ls, required "to" surrender forth. with to the Treasurer of the United in 1982, the London Midland and

Victor Rothschild, heir to the militariste, aware of their growing States, all gold colu, bullion and Scottish Railway receipts. for

and for goods, by £44,000. uncle, was yesterday married to gigantic growth of the U. S. 8. I.. The order requires deliveries to The London and North East- Barbara, only daughter of St. John are were losing their self-assur

ern Railway showed correspond-Hutchinson, the well-known Barris-ance, asserting that "now was the be made forthwith through the ing gains of £27,000 and £28,000, ter-at-law. The bride had pre-most convenient time." Federal ~ Reserve and member

The Soviet, therefore, had no the Southern Railway £20,000 viously been received into the Jewish banke, plus maßling confirmation to

right to ignore the danger of war the Treasury after such deliveries and £3,000, and the Western faith.

Railway £18,000 and £18,000. have been made, after which the Improvement in the second Treasury will pay for the money half of 1933, has been con- with its equivalent in other cur- start, and is expected to con

States.

rency,

The wedding was held at the and aggression, and while they Rothschild family sest in Hertford- would unwaveringly continue their shire, owing to the desire of the policy in the Far East and improve- nonagenarian widow of the first ments in their relations with Baron Rothschild, who is the bride apan, the Soviet would almultan Home railway stocks showed a groom's 'grandmother, to attend the ously prepare against possible at Some believe that the President statutory rate of U.S.$20.67 per firm tendency on the Stock E-ceremony-Reuter,

tack, from which they could not at change yesterday. British

present consider themselves."se- cure-Reuter, total of U.5.8528,531,814 in Wireless Servic gold coin certificates is still out- side the Government's hands.

in Congress, especially the emer Bullion will be paid for at the inrency relief measures,

:

will ask for Federal supervision of

New York, To-day. The Arctic conditions the United States are taking Bevere toll of life from Maine to Montana. Bodies have been found frozen to death in the streets of at least Bar Co. ja dozen cities,

Three workmen were killed ́ati Lake Superior. when an ice plough crashed through the ice. -Reuter

OBSERVATORY TO SIGNAL END OF 1933

The time signal given by meanE of lights at 9 p.m. from the

AUSTRIAN GENERAL night on the December 81, the

| Observatory will be repeated at mid-

PASSES.

Minister Of War

In 1914.

Vienna, To-d

The death has occurred of Field

Marshal von Krob

mination of the programme, sign ing the end of the year, 1938.--

WEATHER REPORT

Cloudy

Stock Exchanges in order to curb speculation.-U.P. per S.C. Gold

STOCKS RISE ON- WALL STREET.

Silver. Market Steady.

New York

York Stock Exel

jounce.

Observers" are speculating whe- BIG ACTION AGAINST ther the order is connected with NEW YORK BANKS. President Roosevelťe, "recentʼre- quest to Mr. Horgenthau and the

Attorney General, Mr. Homer 8. Cummings, to study the proposal

of Senator "Thomas that the Gov ernment should call the said gold and then issue certificates based on the gold value of U.8.841847 U.P. per 8,0 Gold Bar Co.

(Continued on page 18.)

Relief Work In America.

600.000 FUND ALMOST

$9,875,000 Suit For Harriman Depositors.

SPECIAL TO CHINA MAIL (By Tdsgraph, Copyright: Tigla phie-Message Ordinance, 1884, 12 criped December 29, 10,85°um,) //* New York, To-day

UP IN THE AIR FOR 8 DAYS. Flight Record By Two American Girls.

Miami, Florida, To-day." The World's re-fuelling endurance flight record is claimed to have been broken by Miss Helen Rickey Marsalis, who are and Miss Franc still aloft after daya, 4 hours, 5 minutesReut

The Federal Government has 150g

CHINESE STATE LOTTERY

Drawing Begun To-day In Shanghai,

$500,000. WON BY TICKET- NO. 313817

Bhanghai, To-day,

In the presence of a huge excit ed crowd the drawing for the third

ened in the New York State LORD LONDONDERRY State Lottery began at the Canid-

Supreme Court, seeking to force 20- New York clearing house barks to

cláima pay fully daspositors of the Refanet"

Ban

AT KHARTOUM

1000

Air Minister

Mile

16.000

rome, this morning, with: Chin and foreign announcers broades ing the resulta to fireside- group) all over there

The Amt

was the nece

to3ba