1934-03-02 — Page 1

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No. 28,663

HONG KONG, FRIDAY, MARCH

1934.

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PRESENT U.S. MONETARY POLICY DISTINCTLY AN EXPERIMENT

UNEMPLOYED

MANCHUKUO EMPEROR PAID

DEMONSTRATION HIGHEST TRIBUTES

IN COMMONS Broadcast Address By A London

13 "Hunger Marchers"

Ejected.

PANDEMONIUM REIGNS IN THE GALLERY

London, To-day.

One of the fiercest scrimmages in the Stranger's Gallery for a long time disturbed the progress of last! month's debate in the House of Commons on the Russian trade agreement, ending in the ejection, at intervals, of 13 "hunger mar- chers" responsible for the demon- stration.

were

The demonstrators, who among the unemployed marchers who arrived in London during the week-end, gained admittance to the Gallery during the dinner hour and

University Professor

London,

Broadcasting in London, yester- day evening, Sir Reginald John- ston, Professor of Chinese at the University of London, paid the highest tributes to the new Em- peror of Manchukuo, as a strong, energetic, active man, a scholar and a gentleman with artistic Lastes, kind-hearted and generous and possessing a keen sense of humour.

He was, Sir Reginald continued. a staunch friend, and courageous and he would shed a new lustre of fame to the illustrious line from whence he sprung, and which gave to China two of the greatest Sovereigns of her history-Reu

ter.

MANCHUKUO

HERALDED BY

"THE TIMES"

suddenly embarked on an appar New Administration's

ently preconcerted demonstration.

Pandemonium reigned in the Gul-) lery as Police and attendanta acuf- fled among the visitors in their efforts to quell the objectors who were strategically placed in differ- ent cornerE.

Cries of "Down with the National, and Government," condemnations of the Unem- ployment Bill. and the Gov ernment's refusal to nesia riak, putation rose from all sides including one from a woman stationed in the ladies' Gallery, which was promptly silenced. Six men were ejected, and all ap- peared to be tranquil for an hour,

Notable Service.

JAPAN'S GRIT ADMIRED

REPORT OF TREASURY SECRETARY

PERMANENT POLICY NOT

FOR NINE MONTHE

"GOLD PLAN WORKS WELL"

SPECIAL TO CHINA MAIL.

By Telegraph, Copyright, Telegraphia Mexmapen Ordinaker, 1824.

Received March 2, 9.05 a.m.)

WASHINGTON, TO DAY. THE UNITED STATES TREASURY SECRETARY, MRHENRY MORGENTHAU, YESTERDAY TOLD THE HOUSE O REPRE- SENTATIVES BANKING AND CURRENCY SUB-COMMITTEE, WHICH IS CONSIDERING THE. GOLDSBOROUGH BILL THAT THE ADMINISTRATION'S PRESENT MONETARY POLICY IS DISTINCTLY AN EXPERIMENT, AND. THAT IT WILL BE AT LEAST. NINE MONTHS BEFORE A MORE PERMANENT POLICY CAN BE EVOLVED.

"I hope Congress will give us at least nine months or a year, so that we may find out a little more about the sllimtion

The steel sliding calason for closing the entrance of the King George V graving dock, at Southampton, Hants--which is the largest graying dock in the world-being placed into position." The cafsson itself, which displaces about 4,509 tons of water, is ∙138%1⁄2 ft. long, 581⁄2.ft, high, and 291⁄2 ft. wide. At very “high ở tides, when the dock has been pumped dry, there will be an oute side water pressure of some 5,000 fons on the calsson,

from now," he said. No man can tell us where we shall be in six months at a year, VISCOUNT LASCELLES HAS A HUMOROUS

The gold plan, he continued, appeared to be working pretty well. He indicated that he was not firmly 'wedded to Professor Warren's gold price, lifting programme.

"I am not saying that if prices take a nose-dive if will not be here to-morrow pleading for a change,” he added.

MUST, BE RATIFIED

London, To-day. The words "Tranquility and Virtue" which are sald to be He urged that the Golds-LONDON SILVER : AGREEMENT signified by the new name of borough Bill and other monetary the Emperor of Manchukuo, ap-legislation be alde-tracked until: propriately convey still the young the gold policy had been given a Emperor's good intentions, de fair trial. He called attention to clares The Times, commenting the fact that the gold-price was on his enthronement.:

now at $35, and that it also has

If the new Administration had the stabilisation fund available. nothing more to its credit than; "It ls, However, impossible to the reform of currency, it could tell what future problem will claim to have rendered a notable arise and how to handle it." he when seven more demonstrators in service, but it has reduced the declared. the rapidly thinning Glery con nuisance of banditry, improved shouting the communications and removed secutively jumped up. Joudly.

(Continued on Page 9)

Demonstrators Released!

Singly.

CONFINED TO BUILDING FOR REMAINDER OF SITTING.

the slums in Changchun, newspaper states.

the

Whatever may be thought of the origins of the new State, Impossible not to admire Japan's grit and organising capacity which has conquered the desolation of the inhospit- able Manchurian regions. Countries with trading interests

For the first time for years the Administration' was set- ting the pace and determin- ing the nation's monetary policy. Pointing to the gold commodity chart, he said that the present policy "ap- peared, to be working. "Farm commodities and gold have gone forward together," he

said.

Beneficial Effect Would

Be

Washington! To-day.

A desire for the continuance of present experimental monetary po- licy, at least, for the remainder of the fiscal year, was expressed yesterday

SUCCESSFUL OPERATION

*A Stendy And Complete

Recovery Expected⠀

elder

London, To-day. Viscount Lascelles, the son of the Princess Royal and the Earl of Harewood, wat andesss- fully operated on at a London nursing home yesterday, for un abscess in the neck, which deve- Joped following a streptococcal-In- fection of the throat, i

It is offeinily mated that. steady and complete/ recovery is". expected. Rester, fil Merton

WIDER SILVER USE IN AMERICA

by the United States Treasury Secre- Greater Importance Of

Metal Seen.

SEIGNORAGE REDUCTION

|

CARNERA WINS

LOUGHRAN

REFUSES TO

TAKE THE KO.

American Hardly Able To Stand At End.

AMAZING⋅ DISPLAY OF. PLUCK

Miami, To-day. Prime Carnera retained his world: heavyweight boxing title last night when he out-pointed Loughran aver fifteen rounds.

Loughran, whe won five rounds, gave an extraordinarily fine exhibi- tion, of pluck and determination when hardly able to stand upright in the last round. Camera won hine rounds and one was declared éven.

After Carners had won the first ́ round Loughran very... confidently took the next four rouade by, com-"

the -- Italian 【pletely outboxing

SCENES IN

DAIL DEBATE riant.

De Valera And Cosgrave Exchange Wit,

PRESIDENT ON “PROVOCATIVE TOMFOOLERY BLUE SHIRTS"

Lively scenes were» witnessed the Irish Free State Dail, during

debate on the second reading the Bill to ban the “Blue Shirts.”

Loughran once had the audacity, to panch; Primo on the noM. Carawa' waa annoyed ; et, the |applause this received and. Inshed | out, but the American's /, fainting was superb and made the ckume MIMna defence lens, sevice-Hike.

In the fixth round Garners looke«. foil disturbed, but it was then thai: The maty & Misi afort w-Loughran inded" bhe powerfd!" blow on The Italian såleft yeye,, but despite be | Ing-handlëapped by "the" swelling.

Carnera fiercely fought back Ar the end of the round; Loughran'

temple.

It was Carnera's round, and

seventh.

After two deputies had been sus-was, bleeding from a cut over the pended for the remainder of the sitting for interrupting the speak he followed it by taking the ers, the President, Mr. Eamon De Valera, in a speech, referred to the The eighth "round was declared troubles in Ireland in 1922. |even, Carnera swinging: his aEMS ·

He said that the same thing in Indian club style and with the Re-that brought the Civil War then, knock-out lust fn his eyes.

(Continued on Page 44) was going on to-day.

SPECIAL TO CHINA MAIL. (By_Telegraph, Copyright. Telegra phic Messages Ordinance, 1894, ocfusd March 2, 1,80 a.m.)

tary, Mr. Henry Morgenthap to the Banking Sub-Committee of the House of Representatives, which is studying a Bill to establish a cen- tral Federal authority with the sole power of issuing currency,

The Treasury, added Mr. Mor-

Washington, To-day. were not genthau was operating on a day.

He offered, if the opposition! Senator Pope yesterday said that would "quit this provocative tom After the adjournment the 13 in the Far East, note the declara ready for the Goldsborough Bill. to-day basis.

that they While he could not say that the demonstrators who were confined tion with satisfaction. The Timer Although indicating to the building for the remainder continues, and they must not delay might have other cards up their programms for purchasing silver he believed that President Roose-foolery "Blue Shirt," business, meetings was not obtainable by of the sitting in accordance with too long in making up their minds sleeves, he did not see what any had had any particular effect on velt plans to reduce the silver seig-that if law and order at political the present forces, they would the custom. were taken out into how to reconcile trading activities body could do to improve the do-world prices or on the purchasing norage charge by 50 per cent.

have a joint national force to the street and released singly.in Manchukue with the principle me:tic process.

preserve order.

Reuter.

NEW GOLD CLAUSE RULING.

Colorado Judge's Declaration.

SPECIAL TO CHINA MAIL.

(By Telegraph, Copyright Telepro. pkle Manager Ordinance, 1891, "Re- ceived March 2, 9,30 nm)

1

Fort Morgan, Colorado,

To-day. Sitting

here yesterday. Judge Arlington Taylor, held that gold clauses In

money contracts are Invalid, ruling that the liolder of a note can- not compel payment in any. thing except legal tender- United Press,' per 8.C. Gold Bar: Co..

BRITISH MISSION TO POLAND.

Plans For Increasing Export Trade.

London; To-day. Following the – recent prélimin ary: conversations in Warsaw-the United Kingdom trade mission, led by Blr Eugene Ramadan, will, Jdave

01 non-recognition adopted at Geneva.

The creation of the new State, it will obviously remalt though under Japanese control, will prob ably be calculated to annexation by Japan.-Reuter.

RECOGNITION FOR MANCHUKUO.

prevent

No Indication Of Move||

By Any State.

London, To-day,

"I have received no informa- tion indicating that any State is contemplating the recogni- tion of the existing regime in Manchukuo," stated the For eign Secretary, Sir John ›BI= mon, in reply to the Conserva- tive member for Blackpool, Captain C, C Erskine-Belal, in the House of Commons, YES- terday.

The Administration

The House of Representa- Lives member, Mr. Scrngham, asked whether the silver pur- chase programme had had any effect.

(Continued on Page 9)

IMPROVEMENT IN US. CONDITIONS.

Incredible Changes Seen By Minister.

CO-OPERATION KEYNOTE.

power of other nations, Mr. Morgen within a year, which means pros- that contended that if all countries perity to the entire silver industry. ratified the London Silver Agree-

"The part played by silver in our ment it would have a beneficial ef-

monetary policy will be constantly fect.-Beuter.

increased," Senator Pope asserted. -United Press per S. C. Gold Bar

FASCIST ELECŢION

Rome, To-day.

Co.

The Fascist Grand Council, in the FAMOUS ORIENTALIST PASSES presence of the Italian Premier,

Signor Mussolini, has drawn up a

Leningrad, To-day,

at of 400 candidates for the elec- The famous authority on Eastern tions on March 25, for what will languages and literature, Professor probably be the last Chamber Oldenburg, died here yesterday/ Reuter.

Reuter.

International Round

Table Shipping Conference

London, To-day,

Appealing to end the dis cord, Mr. De Valera, ami! laughter, said that he wonTM dered sometimes. "whether the country would be better off if the whole lot of us were taken out and put on some foreign island.

· (Continued on Page 0).

SILVER FOR WAR DEBT PAYMENTS.

Bill Being Prepared In America.

Washington, To-day. Representative Murdock, De- mocrat member for Utam," is preparing to introduce a Bill for the payment of a certain „amount of ¿ war debts with sil

ver against which currency may be Ingued.

London, To-day, The change in the situation in the United States since last year was almost incredible, declared the Hon. Mr. R. W. Bingham United States Am- bassador to London, when An international round-table treat them well," he said.` "All I landing at Plymouth last night shipping conference was suggested ask in the same treatment for our | after his visit to American]by the President of the Board of Merchant Marine na we are giving There had been a remarkable Trade, Mr Walter Runciman, in a other countries. That shonid, be restoration of confidence, he said, speech at the annual banquet of the intention to give us a chance seen directly in the earnings of the Chamber of Shipping of the to participate in the worlds" re- the great corporations and in the United Kingdom, held in London, stricted trade." enormous reduction in unemploy- yesterday evening.

If circumstances changed, Great He was of the opinion that they Britain might have to re-changeTM had helped the general recovery, would not find a solution impos her fiscal policy, Mr. Runelman

"President Roosevelt has theibls The Government did not continued support of the people as no other intend to allow what happened at Freedom was essential tofmer AIMEE MACPHERSON DIVORCED President has had, and the the World Economic Conference, chant shipping. They had beep operation of Congress, fa; unequall to be the last word. ed in History! ♥ Infall

They and

STOP PRESS ment The repeal of Prohibition

CHINESE STATE LOTTERY:

Bhangkal, To-day. The first prize of $500,000 in the

Landon'next Tuesday for, Poland; Chinese National State Lott

tries and Institutions how British

to disenia with the Pallah

coort:trada, tobara may be

ben

won by Ticket

the peace of the

and American. Goi

Details have not been #2=; nounced, but Mr. Murdock indi cated that the Administration favoured the bill as a basis for consideration-Reuter.

PANAMA REFUSE U.S. CHEQUE Demand For Gold May Cause Dispute.

New York, To-day. The Republic of Panama has taken Arst step in what may prove to be international dispute,

their by Instructing.

Recal agent in New York to re- fuse to acknowledge the United States Government's cheque for US $250,000,000

in payment of America's legal obligations under the Zone, Treaty of 1904.

It la belleved that Panama intends to demand payment in gold--Reuter.

POSSIBILITY OF ́BIMETALLISM.

On Lines Of Defunct Latin Union.

AMERICAN BENATOR'S VIEW

SPECIAL TO CHIŊA MALLU (By "Telegraph. Copyright. Lalogra phila Afaraagas Ordinance,#1895%) Re- ceived Marsh. So,

Représentatiys

"day"tolam, the

that he er

forced Into other policies owing to May Los Angeles, To-day,tlm which the action taken abroad, Restric: TheBot Grepeller","Almas Mac- me tone in International: trade were Pherson, has been divorced by de the root of evil, and there could be fanlt by her husband, David Hutton,

Junior, well-known as What

trade ravivad, Man” Hutton, on grounds of mental

-British Wireless" Bervice