1934-01-24 — Page 1

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WEDNESDAY, JANUARY 24, 1934, PRICE $3.00 Per Month.

GENTLEMEN'S HIGH GRADE OUTFITTING

AT HOME PRICES

BERNARDS OF HARWICH

CHATER ROAD,

HONG KONG

LOCAL NAVAL OFFICER FOUND FATALLY SHOT ON H.M.S. VERITY

BRITAIN'S

FASCIST STATE DECLARED RECOVERY IS ON

IN ESTONIA

Premier Assumes Presidency At Midnight Cabinet Meeting

Reval, To-day.

Clocks striking midnight were the signal for a salve of 21 guna announcing the birth of the new Fascist State of Estonin.

The occasion was celebrated by A midnight Cabinet meeting at which the Premier, M. Konstantin Pacts, assured the ad interim functions of President until cleet. ed by popular vote.--Reuter,

SINKIANG

NORMAL LINES

Cheerful Review Of Industries.

BANKER PREDICTS STEADY IMPROVEMENT

London, To-day,

A more cheerful review of the basic industries of the North of England than has been possible for several ycars, was given by Mr. Allan Paton, the Chairman, to the shareholders of Martin's Bank, at Liverpool, yesterday.

He summarised the outlook as

SEPARATION

FROM CHINA follows:

NEW GOVERNMENT AT KASHGAR.

OVERTURES TO INDIA AND AFGHANISTAN

Moscow, To-day.

A new Government has been established at Kashgar. near the Turkestan according to a "Tass" news agency re- port from Tashkent.

The Holan Emir, whose domain is near the Indian border. is said to support the new Goverument which has declared itself the Government for the whole eastern part of

Cotton, more hopeful. ***Shipbuilding, better output as-

sured.

Iron and steel, steady improve- ment.

Engineering: great activity, Agriculture, decided change in outlook.

Wool and woollena, decided change in outlook.

To the gain in these directions, Mr. Paton said, were to be added the cheering statements concern- ing national 'revenue, and the re- newed confidence in sterling.

He said that Great Britain's re- covery was proceeding on normal lines, and expressed a view thati her polley of concentrating lower rates of interest had had good effects on industry.--British Wireless Service.

Sinkiang Province, and has BOOING AND

also proclaimed full separation from China.

A merchant, Savit Domula,

a protege of the Hotan Emir, who heads the Government de- legation, has been sent to Kabul to negotiate mutual re- cognition with Afghanistan.

It is understood that the mission will afterwards go to India.

The new Government has published a declaration of in- dependence and operating under the watchword, "Banish Chinese from Sinkiang".- Reuter.

DOLLFUSS STILL DEFIANT

"Will Crush Nazi Terrorism."

CONSIDERING APPEAL TO GENEVA

Vienna. To-day. Thousands of members of the new "Patriotic Front" were

On

ROOSEVELT MONETARY PLAN” OVER-ESTIMATED

Professor Considers Effect Will Only Be Temporary

SPECIAL TO CHINA`MAIL. (ny Telegraph. Copyright. Telegra phie "Mensages" Ordinance, 1885. Re- ecived January 24, 8.45 a.m.).

Chicago, To-day."

The Oklahoma economist, Pro- fessor Harland Allen, considers the importance of President Roose- velt's monetary programme over- estimated.

"The only certain effect will be on current business conditions. It will strengthen the relative pori- tion of the cotton Slates," he said. United Press per S. C. Gold Bar Co.

SHIPBUILDING ON THE CLYDE

Great Improvement

Already Shown.

31 VESSELS LAUNCHED LAST YEAR

Londen, To-day.

Tessels Although only 81 were launched on the Clyde last year it still maintained its

GOLD BILL

NOW BEFORE

US. SENATE

Three Amendments By Banking Committee.

MAY BE DEFEATED IF ROOSEVELT DESIRES

SPECIAL TO CHINA' MAIL. [By_Telegraph, Copyright. Telegra ohic Messager Ordinances 1801. Pe ceived January 24, 2019, am-)`

Washington, To-day. Senator Fletcher has reported] that the Gold Bill is on the Senate floor. He said that he hoped that the debate would begin to-day.

The Administration leaders are

confident that the Bill will be pass

ed before the end of the week.- U. P. per S. C. Gold Bar Co.

SPECIAL TO CHINA MAIL : (By_ Telegraph, Copyright, Telegra [phic Messages Ordinayos, 1805. Re

ceived January 26, 3:45 am).

Washington, Earlier.

The Banking, Committee of the Senate by 15 to 2 has voted fa- vourably on the report of the Gold Bill but adopted two amend- ments by Senator Glass, The first limiting stabilisation operations! to two years, and the second es- position as the premier ship-tablishing & Board of five mem- building river in the world, slated the President of the Glasgow Shipowners Associa tion at the annual meeting-786- terday.

bers to handle stabilisation.

The Board will consist of the Secretary of the Treasury, the Governor the Federal Reserve and two Presidential oppofiteos."

The Italian Premier, Signár Mussolin, hana.ng2 a reward' and a diploma' lo one of the peasants of Littoria, Italy, the new city which was built on land reclaimed from the Fontine Marshes. Signor Mussolini made the presentations to the people on the first -anniversary of the city in reward for having transformed the

marshes into firm, dry, fertile laid.--(S. & G.).

ABROGATION

OF JAPANESE

TRADE PACTS Urged At Manchester Demonstration.

GOVERNMENT WARNED IF NO ACTION TAKEN

London, To-day.

SHANGHAI BANK FORGERY

Chartered Bank Loss Of $130,000.

CHINESE EMPLOYEE ARRESTED

Shanghal, To-day.

* A. Chiness employee of the Char

tered Bank, has been arrested in

A protest demonstration, at Mar-connection with the forgery of che ques for $130,000, drawn on, the Last year, he said, had seen ship- It also adopted Senator Bulkley's chester has passed a resolution call British American Tobacco Com building at low water mark, and amendment giving the President twoing for immediate Government pany. In the meantime, the Rus the output of all the shipping nn-years in which to accomplish deva action against Japanese competiian named Ionin, who was arrest CHEERS GREETtions had totalled only 680,000 tons. Iustion. Senators Townsend and tion and demanding, "inter alad on January 20. is still in- cus-

compared with: 970,000 in the pre- Goldsborough voted against

tody after being charged with ob MACDONALD|

vious year.

favourable report while Senator that all Anglo-Japanese commercial laining money by fergery.

treaties containing a most favoured

The fact that the serial numbers nation clause, be denounced, and of the forged cheques corresponded Inaugurates Government The present year was bound to Gore voted to present it.

It is believed likely that the Democrailt majority in the that the Dominions and Colonies be to those in the British-American Tobacco Company account led to the House will defeat the amend-persuaded to do the same. ments and restore the Bill to The demonstration was a very belief that an employee or employees its original form, if the Prest likely function, and was attend-of the Bank had aided, and the ar» dent so desires. vom 2. ed by several thousand, including rest. to-day was a sequel-Reuter. The Committee defeated the Mc-seven Conservative members of Adoo amendment to permale the the House of Commons, Federal Reserve to retain half of its The member for Salford, Lt.. gold, and also defeated our other Com. F. W. Astbury, asserted that a tax was useless. They

Campaign.

HINTS AT LEAGUE REFORM

London, To-day. Inaugurating the official National Government cam- paign at Leeds yesterday evening, the Premier, Mr. Ramsay MacDonald, received cheers and booing and was repeatedly interrupted.

He referred to the Anglo:

show a great improvement and new tonnage placed with Clyde yards was already 280,000 tons, compared with last year's output of 56,300 tons.

It required 600,000 tonɛ to maxe the Clyde yards even moderately buey, he added.--British Wireless Service.

'QUAKE. DAMAGE IN restrictive amendments.

NEPAL.

French tariff negotiations and Severe Havoc, But No expressed an opinion that

France's latest proposal was not

very just to British industry. He believed that the French had also come to think so.

wanted prohibition pure and sim-

FEDERAL DEFICIT OF ple.

$1,728,000,000.

Mr. G. Richards, M.P., pre- > dicted that unless some-

thing was done the next elec

European Casualties. Treasury Short-Term Lotion would sweep every

London, To-day.

The India Office has been inform- ed by the Government of India that a telegram has been received from

Of U.S.$1,000,000,000.

Washington, To-day. The Government was ready

The United States Treasury, has to step in and take up the work of getting the Govern- Colonel Smith, Acting British En announced a short-term loan of ments

to come to agreevoy at the Court of Nepal, stating U.S.$1,000,000,000, half of which menta and remove the un- that the Nepal Valley has suffered will be in Treasury notes, ut 2.5 per necessary barriers to trade very severely from the earthquake ceat, maturing on March 16, 1985 and the remaining half in certia- as soon as circumstances of. January 15,

cates, at 1.5 per cent. maturing on made a conclusion likely,

He mentioned no casuliles among September 15, 1984-Router. (Continued on Page 9): the Europeana, and it is therefore

The notes and certificates will be presumed that they are safe-Bri-exempted from all taxation.In tish Wireless Service,

terest will be payable annually,

Federal Reserve banks and the CABINET MEETS ON Trury will receive subscriptions.

DISARMAMENT.

whipped to a fever of enthusiasm £45,000 GIFT TO GUY'S

by a speech made by the Aür trian Chancellor, Dr. Engelbert Dollfuss, who declared that Aus

HOSPITAL.

For New Wards.

trian patience and forebearance Motor Magnate Provides were ended and that the United) nation was determined to assert itself and crush terrorism within ita.own borders,

Regarding terrorism from abroad, Chancellor Dellluma confirmed the report that he ls, considering appealing to the League of Nations --

Center,

ST. MIRREN WIN CUP REPLAY

Penicuik Lose 4 To 1.

London, To-day

The notes will be fasued in de nominations from U. B. $100 to U. 8.$100,000 and the certificates from

Text Of German Repliesus.500 to U.S.$100,000, To France And Britain.

London, To-day.

Meanwhile, it in manpinced that the Federal deficit for the fiscal year, to date, totals U. 831,728,000,000-Reuter,

Lord Nuffied, better known as Bir William Morris, the famous motorj car manufacturer, has given £45,000.

The latest Treasury returns showr for the erection of a new block of private wards at Guy's Hospital, that ordinary revenue for the cur London British Wireless Service rent financial year up to January 20

LOCAL DOLLAR- DECLINES

Silver Prices Fall.

amounted to 2491,874,170, at the corresponding date of last year the amount stood at £485,620 130 13 OF *Ordinary expenditure to the same

for the current yet

FOOD POISONING VICTIMS.

STOCK EXCHANGE REGULATION.

Government Report To Roosevelt.

SPECIAL TO CHINA MAIL. Hly Telegraph, Copyright, Triepro, thin Mrasages Ordinames, 1486; Re |ceived January 21; 845 am)

Washington, To-day.

SUB-LT. D. E. GILLESPIE

TRAGEDY

DISCOVERED

AT SEA

NAVAL INQUIRY THIS AFTERNOON.

DECEASED WELL-KNOWN & AS A YACHTSMAN.

A tragic discovery was made this morn- ing on board H.M.S. Verity, as the ship was returning to port after exercises, when Sub-Lient. D. E. Gillespie found fatally shot in his cabin at about

*8.30.

was

On the arrival of the ship in port at 9 a.m. the body was taken to the Naval Hospital.

The funeral will take place - to- morrow morning at 10 o'clock E

The late Sub-Lieut. Gillespie joined the Navy in January,

1932

Later.

The Naval authori- ties were very reti cent this morning when approached as to the circumstances surrounding the death of Sub-Lieut. Gillespie

Beyond stating that he died at sea on board the Destroyer Verity and was brought into Hong Kong: at 9 o'clock this morning, they would say nothing.

· Cabinet member from office, Mr. Shackleton asked why the] : Japanese delegation had been in The United States Secretary of A Naval inquiry under Captain Britain for several months with Commerce, Mr. Daniel C. Roper, C. H. G. Benson, D.S.O. (Cumber- out, receiving Instructions from has submitted to President Roland) the senior Naval Officer in velt, stock market regulation, com- Tokyo.

The resolution was carried munication and consolidation re- Hong Kong at present, is being held

this aftemoon: Best portag with acclamation, Beuter,

Mr. Roper, said that they repre- Sub, Lieutent DE Gillespie ar sented study of the questions lived in the Colony April of last

JAPAN'S BUDGET POSITION Expenditure Totals 2,112,000,000 Yen.

COUNTRY CANNOT STAND

MORE TAXATION

To-day:: resenting the Budget in the] Finance -Diet yesterday

Minister Takahashi stated that the the Manchurian, appropriatio coming fiscal year totalled YI6S, 000,000,

Emargeney 128,000 110,000

Women

spital

mounted to Y

without definite conclusions or re- commendations. It is understood year on the Training Crinter Vindic that President Roosevelt will study live. the former immediately.

He was a very keen sportsman, It is understood that the latter being a promoent figure in the report, favours, consolidation under Royal Hong Kong Yacht Club's sail- Government: regulation, United]

ing events, Press per S, C. Gold Bar Co.

BRITAIN'S SOUND FINANCES.

Steady Increase Of

evenue.

The Disarma the Obao n

when membe

IRISH FREE STATE INDUSTRIES.

Re-establishment Plan

By

ment.