1934-01-20 — Page 1

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The

China Mail

BEDFORD

ol. 115.

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

Stubbs Road, Happy Valley.

MADE IN

ENGLAND

1845.

GENTLEMEN'S HIGH GRADE OUTFITTING

AT HOME PRICES

BERNARDS OF HARWICH

CHATER ROAD,"

HONG KONG

No. 28,629 HONG KONG, SATURDAY, JANUARY 20, 1934. PRICE $3.00 Per Month.

BRITISH, FRENCH AND U.S.

ITALY TO

SUPPORT

AUSTRIA

Austro-Hungarian Alliance?

WHY DOLLFUSS CHALLENGED THE NAZIS

Vienna, To-day.

It is generally thought that the Austrian Chancellor. Dr. Engelbert Dollfuss would not have challenged the Nazis if he had not had a definite pro- mise of Italian support.

The Italian Under-Secretary for Foreign Affairs. Signor Suvich when questioned, cau- tiously replied that peace in Austria was the prerequisite before anything could be ar- ranged.

He referred to Signor Mus- solini's plan for Austria. This is regarded as indicating that Italy will support an Austro- Hungarian combination. Reuter.

ITALIANS SSTILL HAVE A VOTE. Chamber Of Deputies Election

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Rome, To-dry.

Viscount Rothermere, P.C., proprietor of the London "Daily Mall," who advocates Fascism in Britain. (8. & G.).

મે

BANKS

FEDERAL RESERVE

SELLS DOLLARS

THEN BUYS GOLD TO KEEP EXCHANGE DOWN

U.S. SILVER ADVOCATES DECIDE TO POSTPONE ACTION

SPECIAL TO CHINA MAIL

(By Telegraph, Copyright, Telegraphic Messages Ordinanas, 1385. Received January 19, 10.8.p.m.)

LONDON, YESTERDAY." ACCORDING TO INFORMATION IN THE BEST-INFORM- ED FINANCIAL CIRCLES, AN UNDERSTANDING HAS BEEN- REACHED BY THE CENTFAL BANKS OF THE UNITED STATES, GREAT BRITAIN AND FRANCE TO KEEP THE DOL LAR-STERLING RATE IN THE NEIGHBOURHOOD OF £U.3.55,

|BULLISH TONE ON AND THE FRENCH EXCHANGE RATE AT 77 FRANCS TO

WALL STREET

Stocks Again Rise

FURTHER LIQUIDATION ON SILVER MARKET

New York, To-day. Sharp advances in industriais and rails featured the New York Stock Market yesterday. The in- dustrial average rose 2.30 to 105.60, while rails were up 1.89 to 48.23. Utilities and bonds rose .09 and 41

to 26.78 and 88.55 respectively

The commodity, index advanced .87 ŝto 52.21.

Business was brick, 3,540,000

sharea being traded.

The elections have been Oxed for Silver reports were less favour. March 23, for the Italian Chamberjable concerning the possibilities of of Deputies, which, it is universally remonetisation, and attracted fur- thought, will be the last Chamber ther liquidation. in Italy-Reuter.

The Caterpillar Company has de- clared a special dividend of 121⁄4 ENGLAND'S OLDEST jeants, while Warner Bros. net In-

PEER PASSES.

Death Of Lord Halifax.

London, To-day. Lord Halifax, the oldest Peer of

the Realm, and father of the Minis-

come for the last quarter was. $105.753, which constitutes the first! operating profit since 1930,

Ja their market report, Messrs. E. A. Plerce and Company through their local correspondents, Measra. Asia Lands, Ltd., state-

"The breadth of the market is

THE POUND,

L

REACH

CURRENCY

The closing scenes of the Reichstag, firm trial at Leipzig on December 23. Torgier and Van de Lubbe, the young Dutch Communist (with bowed head), are seen awalling the sentence of the Court. Van der Lubbe has since been guillotined, but Tor- gler and three others were acquitted. (8. & G.),

It is reliably learned that the Guarantee Trust Company is buying gold with the proceeds. It is stated that this intervention has prevented the dollar from appreciating further. United Press, per 8. C. Gold Bar Co.

heavily selling dollars here on behalf of the Federal Reserve and GERMANY'S

SPECIAL TO CHINA MAIL.

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

Received January 20, 9.14 anth)

Washington, To-day.

Mr. Scrugham believes that the United States silver advocates will concentrate to nationalise silver, but it is reported that silver- advocates have decided that they will not attempt a remonetisation

amendment and also that they will not push silver legislation until the present situation has calmed United Press per S. CCT.Bu Co.

INTERNATIONAL AGREEMENT URGED BY U. S. BANKER

Washington, To-day. Dollar devaluation should not be undertaken without an agreement with Great Bri tain and France, stated the Boston Federal Reserve Governor, Mr. Roy Young, when speaking before the Senate Banking Committee yesterday.

$2,000,000 DAILY LOSS.

U.S. Treasury Wants Gold Bill Rushed.

SPECIAL TO CHINA MAIL.

X

(Dy Telegraph, Copyright. Telegra kir Messages Ordinance, 1884. E ceived January 20, 3,58 a.m.)

Washington, To-day." Mr. Byrus yesterday said that He also urged the limitation of President Roosevelt and the Trea- the life of the stabilisation fund. Bury Secretary. Mt... Henry Mor Senator Glass has filed a mem-genthau, want the Gold Hill pass

ter of Education Lord Irwin, died increasing and we think that there orandum declaring the seizure of ed by Tuesday at the latest, owing near is a good chance of industrial aver-gold by the Treasury to be un- to the Treasury's financing plans. last evening at his residence Doncaster in his 95th year. British ages going through the 1983 high constitutional and illegal. Reu

Was

levels in the not-distant future. In Wireless Service.

Charles Lindley Wood, F.S.A., 2nd other words, we are bullish. Viscount Halifax,

educated at "Wheat: The market strengthen- Eton and Oxford. Always interesed under the influence of the higher} ed in Church matters, he was for many years President of the English Sterling Exchange, the strength of served on the securities, dry weather in the South- Ecclesiastical Commission for England West and some increased outside In 1886.

Church Union and

trade.

"Colton: Heavy selling for the H.M.S. NELSON SAILS past few days has improved the

AT LAST.

Will Join Home Fleet In The West Indies,

London, To-day.

H.M.S. Nelson, Flagship of Home

market

When technically. broader demand developed, prices advanced quite easily and we feel that they will go still higher. We believe that advantage should be taken to buy on recessions,”—Beu- ler.

ISSUE.

Fleet, which has been held up by❘ WEEKLY TREASURY storms In Portsmouth Harbour since i January 12, sailed yesterday after- hoon and will join the other vea- sels of the Fleet in the West Indies for the Spring Cruise.

The "Nelson" ran sground in the entrance to Portsmouth Harbour on January 11, while leaving to join the Float British Wireless Service,

TWO CHINESE DOCTORS REGISTERED

Rising Interest Rate.

London, Te-day.

∙last

ter.

“RETURN TO GOLD STANDARD."

Lower Tariffs Also Urged.

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright. Telegra phia Messages Ordinunes, 1894. Re-i ceived January 20, 8.14 a.m.)

New York, To-day. The New York Journal, "Annalist" urges a return to the gold standard in America, to stimulate business, and also lower tariffs, a revision of the securities law, bank reform and the termination of cur reney uncertainties, ---- United Press per 8.C. Gold Bar Co.

REGULATION OF STOCK MARKETS

Washington, To-day,

Mr. Morgenthau told Senator Fletcher Tuesday was imperative, Mr. Byrns said that the United

States was losing U.S.$2,000,000 daily until the Bill was passed.

The House of Representatives, he said, would remain in session to-day until the Billie passed-United Press, per 8.0, Gold Bar Co. ⠀

--

IMPORTANT CHANGES TO GOLD BILL,

SPECIAL TO CHINA NAIL.

(By Telegraph, Copyright, Telegra- skie Messages Ordinance, 1694, Re ceived January 20, 855 am)

Washington, To-day. Mr. Somers yesterday conferred with President Roosevelt after which he indicated that important

changes would be made in the Gold

Bill

He also indicated that he and the President discussed methods of operating the stabilisation fand

"I do not favour this fund being. made temporary”, he said.

FIRM REPLY

TO FRANCE

200,000 EFFECTIVES INSUFFICIENT.

OBJECTS TO DISARMAMENT IN TWO STAGES

Berlin, To-day. The German reply to France ob- jects to

probationary penod for Disarmament which is discrimina tory against Germany, and objects to Disarmament in two stages.

It states that 200,000 effectives are insufficient for Germany's safety and desires the question of permissible weapons, to be, settled simultaneously with the question of effectives,

The reply, desires that the international supervision to be exercised over German so-called military organisa tions shall be also exercised over similar organisations' elsewhere.

MONARCHY RESTORATION AIMS

DENIED IN GERMANY

"Kaiser Movement” Supporters Threatened With Arrest

Cologne, To-day.

The restoration of the Mon- archy in Germany cannot be dis- cursed declared the State Coun- cillor Herr Grobe, when denying, absolutely, that Chancellor Hit'gr intended restoration,

Herr Grohe threatened the airest of anybody supporting tha to-called "Kaiser Movement.

Reutar:

ASSYRIANS IN IRAQ

10,000 To Migrate To Brazil.

ARRANGED BY LEAGUE OF NATIONS

London, To-day. The League Council at Geneva discussed the Assyrian question at The reply welcomes the French some length yesterday afternoon. offer of a 60 per cent. reduction in her Air Force, but points out that the offer is valueless if Ger many is not allowed an Air Force -Reuter.

The total amount applied for in: tenders for £30,000,000 Treasury SPECIAL TO CHINA MAIL' bills yesterday was £86,080,000, 731 Dy Telegraph. Copyright. Telepra

The amount allotted in billa at skje Messages Ordinance, 1894, Ra Mr,, Somers- yesterday conferred ceived January 20, 8.14 a.m.) with Mr. Henry Morgenthau, after three months was £80,000,000, the

which he said that the proposed javerage rate per cent. being 18/2.05d

The White House states that the Gold Bill would not affect the public. a compared with 16/1,69d. The names of Dr. Wong Slong-week-British Wireless Service, Secretary of Commerce, Mr. Daniel auld, however, host the in-

C. Roper will submit to Fresident portant foreign exchange dealers -- hing, M.B., B.S. (Hong Kong) of No. 4, Breary Terrace, and Dr. CHANGES IN SHIPPING CODE Revell, on Monday, a report of United Press, per 3.0. Gold Bar Co.

the stock market regulation, Includ MAN MAKE problems involving invest Mauy Chun Ing, Licentiate in

The draft of a new Bill cited as ments and bankera United Press, Medicine and Surgery,, Novia Scotia, P.M. Board, of No. 18 Hillwood an Ordinance amend the Merchant S.C. Gold Bar Col Road, Kowloon, have been added to Shipping Ordinance, 1899, and re- the Register of Medical Practitioners lating to a change. In code letters of the Colony,

used for "Lam on fire, and “Want assistance-Mutiny" by the substita-

At the meeting of the Rotary Club tion of the letters NQ for NM and

on Tuesday, the Hon. Mr. E. D. the letters RX for the letters XF Wello Inspecto

vely, Is pablished;

will speak on

The following “Clineis

Tal Kwong, Po.

LEAGUE CONSIDERS SAAR

PLERSCITER

London, «To-day,

CONFERENCE BUREAU TO *MEET ON FEB: 19

London, To-day.

TRUCE

OVER 3,000

KNOWN DEAD IN

INDIA QUAKE

Extent Of Disaster Still Unknown.

ONE CITY CUT OFF. MANY BRITISH RESIDENTS

Bombay, To-day.

It is still impossible to finally estimate the exsualties in the # earthquake which shook vast

last *in India.. area Monday, but, in addition to an unconfirmed report, were burned on funeral pyres at Ma- zaffarpur, it is estimated that 1,000 are dead in the Darbhanga district.

Fears are felt for the safety of Katmandu, the capital of Nepal. which was completely cut off after the earthquake and where there are a number of British re sidents. The crowded population of the city is housed in wooden. buildings,

The city is noted for its price- less library, which contains sans- crit manuscripts, and" för "its marvellous temples. -- Reuter.

6,500 Casualties.

· London, To-day. Further authoritative informa tion regarding the extent of the damage and loss-of life in Bihar,... which has suffered most heavily in the Indian earthquake, is, await- jed.

́that the

Province

ceeding under excepile ́ficulties, 'is completed,

Meanwhile, the Government of the United Provinces reporte, that the eastern parts of its territory": have suffered severely. Six' deaths. are reported.

Damage" to buildings is serious at Allahabad, where several: Gov ernment afices have been damaged and some rendered unsafe.

At Mirzapur, a number of buil dings collapsed and many were damaged, including the Govern ment offices and the gsol,.........

Considerable damage' to buil Sir John Simon expressed the dings is also reported from thanks of the Council to Brazil for Azamgarh, Ghasipur, Jaunpur and the offer to settle on Byricultural Ballia-British Wireless Sarvica. and in Brazilian territory the whole

of the Assyrians in Iraq, number- ing about 10,000 persons, 2

German Condolences.

Sir Simon said it was the first

Berlin, To-day, time in history that an entire people President von Hindenburg, has had emigrated to another part of sent to His Majesty King. George, the world and he emphasised the a warmly worded telegram of Mr. Arthur Henderson, President successful outcome of the League's sympathy in connection with the of the Disarmament Conference, met efforts to get this problem settled earthquake in India-Reuter Dr. Edward Benes, and M. Politis, Special Committees were not up, yesterday afternoon at Geneva, and one in Iraq and one in Brasil, toto decided to convene the full Bureau vestigate the methods of migration of Conference on February 19, to end the most suitable territory. To be followed a few days later by a meet the costs of the enquiry 20,000 meeting of the General Commission. Swiss francs were voted-British

British Wireless Bervica,

REICHSTAG TRIAL ECHO.

American Expelled From Germany.

Berlin, To-day;

The American.. solicitor, Mr. Gallagher who paril cipated in the London Reich. stag, fre" trial:has been or- dered to leave Germany with-

in three days, A

The authorities regard him "an Undesirable alien.

The Bulgarian, Darnowski who was interpreter during the Leip

The question of the Bear Plebla zig trial on behalf of the female

at

relatives of the Bulgarian pri

de Cosin-soners, has been ordered to leave pon. Baxony within 24 hours for crifi.

cising oficials;

Wireless Service.

BRITISH-AIR MAILS.

Big Increase In Both Letters And Parcels.

London, To-day, The weight of letters sent by air from Britain during 1988 wa largest recorded in onemy amounted to about 85 tons as pared with 64 tons in 1982

•There was also an increase per, cent” in the amount of

by air, the figures being 67 tona aat year and 57 toos In 1982 Bri

Wireless Servics

R REPORT

PRINCE GEORGE'S S. AFRICAN TOUR.

Flies To Southampton With Prince Of Wales.

ENTHUSIASTIC SCENE

London, To-day ¿Prince George left England on his Bouth African tour yesterday. afte He called, in the Union Castle liner Carnarvon Castle frum having » Bown there

Prince