1934-03-28 — Page 1

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HONG KONG

ICE HOUSE

STREET NOW

QUIET AGAIN

Mahjongg Figures Being Used.

FREE QUOTATION HÁS

LITTLE EFFECT

Excitement Over.

Less excitement was noticeable on the Ice House Street Gold Bar market this morning, and, although advance prices were still being ex- hibited in the small window oc cupied by Mr. F. S. Chan and hu colleagues, the majority of wat- chers in the Street were Chinese, and the local stock and share brokers seemed to have returned to their normal business.

No. 28,685 HONG KONG WEDNESDAY, MARCH 28, 1934. PRICE $3.00 Per Month.

GENTLEMEN.

BUYWORD I

MAKE

BERNARDS!

YOUR

OUTFITTERS

CHATER ROAD,

HONG: SON

GOVERNMENT ACTION QUESTIONED IN COMMONS

The latest portrait of Her Majesty Queen Mary, taken last month.-(S. & G.).

[U.S. TRADE

DIFFICULTIES

IN ORIENT

Dies Bill May Remove Handicap,

GERMANY'S ABANDONMENT

GOLD STANDARD CERTAIN

International Bankers' Views In London, Newspaper

SPECIAL TOCHIRA MAIL (By Telegraph Copyright. Telegra ceived March 21.30 pm.)

REMONETISATION PROVIDEDphic Maiznges: Ordinance, 1895. Re

SPECIAL TO CHINA MAIL, Dy Telegraph, Copyright. Telegr phic" Afariages · Ordinance. ~ 1896. · Ran erived March 28,, 908 1,M.)

Washington, To-day.

Representative Martin Dies yes terday urged the Senate Agricul ture Committee and the Sub-Com- mittee to make a favourable re

CZECHO¬SLOVAKIA port on the Dies Bill.

SPY CASE

300. Arrests Made In Prague.

A touch of variety has been add. NAZI AND SOVIET INFLUENCE

ed to the method adopted by the advance gold quotation experts by announcing the latest prices in

Prague, To-day

He said that the Bill actually provided remonel!- sation.

He emphasised that the Bill, by raising the price of silver also would raise the cost of Japanese and British manufactured goods in the Orient, thereby removing part of the handicap that Ameri- market. can manufacturers suffer in that.

London, To-day,

The financial editor of the Lone don Daily Herald states that well-informed International bank or" regard Germany's early abandonment of the gold standard as certain. Und Press, per 8.0. gold Bar Co.

"BRAIN TRUST"

CHARGES

Claimed "Too Silly" For Investigation.

PROF. WIRT THREATENED WITH DEATH

A Comman

Te-day, Nazis "Alice

mah-jongg figures instead of by The greatest spy case in the "If we remonetise silver, wej "Typhoon Signals" and ordinary history of Czecho-Slovakia has will capture the world's markets numbers, as was the case yesterday, been revealed by the newspaper,

in a year, Give American cot In Wonderlai "Narodny Listy," which alleges ton producers an advantage over gins to whi

gressmen Professor

NO ANXIETY Questioned this morning, management of the

the that about 300 people have been Representative Dies declared.

Indian and Egyptian cotton,"

—

South China krrested in connection with the af- United Press, per S. C. Gold Bar Gold Bar Company, who occupy pre-fair, including a number of em- Co. mises just below the free quotation ployees of the Skoda Armaments office, stated that as far as they were Works, at Pilsen and a number at concerned, the quotation of advance

gold prices had not affected their other factories.

business to any extent and that,||- It is alleged that the espionage from their point of siey there, had was conducted by two groups, been no cause for anxiety Nazi group for Germany and

The management of the China Communist group for the Soviet. Gold Exchange, declined to make any-Reuter. statement with regard to the busi- ness, and the general opinion of "the| man In Ice House Street" neems to

1

be that the excitement is over.

(Continued on Page 7)

ADMINISTRATION

DEFEATED

Presidential Veto Over-ridden.

SENATE VOTE PROBLEMATICAL

Washington, To-day.

The biggest vote, against the Administration, up to the present, occurred on the Independent Of fices Appropriation's Bill, which President Roosevelt vetoed on the ground that it contained increased allowances - to war veterahs and Government employees, greatly exceeding the Budget estimate.

The House of Representatives voted 810 to 72 to over-ride the Presidential veto.

The voting in the Senate, to-

Reuter. day, is problematical.

(Continued on Poga 18).

HEAVY COST OF VIENNA BIOTS,

60,000,000 Schillings

Estimated.

Vienna, To-day,

It has been announced that the Socfallit revolt last month cost" 60,000,000, schillings,*: In- cluding the cost of Ruzillary forced"— Bester;

DEBATE ADJOURNED

STOCK EXCHANGE

SEATS CHEAPER.

Considerable Decrease Since Monday.

New York, To-day. Seats on the New York Stock Exchange were sold yesterday for considerably lower prices, three fetching U.S.$100,000, U.S.$85,000, and U.S.$88,000 respectively, as compared with U.S.8112,000,000 for one sold on Monday.-Reuter,

STOCK EXCHANGE PETITION.

Fletcher-Rayburn Bill Injuring Investors.

con-

SPECIAL 10 CHINA KAIL

Washington, To-day, The Stock Exchange Floor Traders Committee has peti- tioned to the Congressional Committees, which are Aidering the Fletcher-Rayburn Stock Exchange Regulation Bill, charging that the mea- aure has substantially-Injured the inverting public-United Press, par 8.C., Gold Bar Co.

US. AIR MAIL CONTRACTS:

President's Instructions On Eve Of Holiday.

P. O. TO ACCEPT BIDS

BANKHEAD BILL ATTACKED.

| American"

been infor

President. Trust the over-throw

Not Acceptable Toder and replace je twiths -Southern States."

SENATOR, BORAH'S VIEW

SPECIAL TO CHINA MAIL.

(By Telepraph, Copyright, Telegra phie Massages Ordinance, 1894, ceived March 27, 5.10 p.m.)

› the, ori-

tates "Con- charges of Heading

iam, using the President in the role of a Kerensky.

The Speaker of the House of Representatives, Mr. Rainey, has decided that the charges are too silly for investigation by the De- fepartment of Justice, and the re- solution, demanding a Congres- sional investigation, has been re ferred to the House Rules" Com- mittee, which will decide in ac tion to-day...

Washington, To-day. During the Senate debate on the Rankhead Cotton Bill, yesterday, Senator Borah charged that the Bill was unconstitutions] and said that the southern States would never accept.

He said that the Bill proposed a regulation of the industry's out- put.

Favouring the Bill. Senator Smith, of South Carolino, called at- tention to the fact that 85 per cent. of the colton growers favoured it.

Co

United Press, per SC, Gold Bar.

TWO AMENDMENTS APPROVED.

Cab Calloway the "Scat Sluger," and his Cotton Club Or chestra arrive in England.

Cab Calloway is the greatest American success of recent years. "Scat Singing": consists of syncopated, but meaningless jargon, jungle sounds, grunts and shrieks,

Cab Calloway (in front, second from right) with other mem- bers of the band on their arrival at Waterloo from America.

INCREASING

DEATH ROLL AT

HAKODATE

·Expected To Exceed 2,000 Mark.

ESTIMATED LOSS GIVEN AT Y150,000,000

Hakodate, To-day; As the search among runs of the gutted city continues, the number of victims dis covered is increasing daily,

The death roll is expected to exceed 2,000.-

r

́Already. 1,878′ are known to be dead.

The estimated loss in Yen 150,000,000.—Reuter.

The fire which broke out as the Meanwhile, Prof. Wirt has re-result of the embers from a grate ceived a letter threatening him being blown out into the room of with death. Reuter,

house by the wind, last Wednes- day night, destroyed 28,000 houses and all the Important buildings of the_city."A" 70 m.ph. "gale" fanned] the flames.

HIGHER WAGES IN AMERICA,

Increases Announced In Steel Industry.

SPECIAL TO CHINA MAIL.'"' By Telegraph, Copyright. Telegra: Manages Ordinance, 114, Es ceived March 28, 11,57 am)eban

-Pittsburgh, To-day.

Mr. Jones, of the Laughlin

Minimum Tax Raised To Steel Company, has announc

Eight Cents.

SPECIAL TO CHINA MATU (By Telegraph. Copyright. Telegra phic Massages Ordinance, 1881. Re ceived March 25, 8.30 a.m.}_

Washington, To-day..

ed a 10 per cent. wage in- crease, effective from April -1, affecting. 17,000 workmen.

The National Steel Company has announced a 10 per cent. in

U.S. NAVY BILL

SIGNED.

Roosevelt's Hopes For 1935 Conference,

Washington, Te-day.

FRENCH AMBASSADOR AT HOUSE OF COMEIONS

French Disarmament Note

Is Discussed

London, To-day The French Ambassador, M.. Corbia, was received by. Sir John Sinop at the House of Commons last evening. It fa understood that' various points connected with the recent. French, note on die armament were idiacussed: tish Wirless Service.

FRENCH CIVIL®

SERVICE

80,000 To Be Retired And Not Replaced.

“PLURALISM”" SYSTEM TO

· BE ABOLISHED

Attempt To Balance Budget.

Paris, To-day.

Eighty thousand French civil servants will be retired "and not| be replaced by a decree which will be issued in a few days, ac cording to reliable reports,

Simultaneously

pluralism,"

JAPANESE

CEMENT

BRITISH

4

PREFERENCE

DEMANDED

LITTLE USED IN

42 JOBS.

INQUIRY PROMISED

London, To-day. In the House of Commons, yester day, the Conserva- tive member for Stockport, Mr. S. S. Hammersley, inquir ed why, despite His Excellency the Gov- ernor of Hong Kong's Assurance that as much British cement as possible should be used for public works, out of 42 jobs, the Govern ment had specified Japanese cement in 30 cases, locally manufactured

men nine cases, and mixed cement in two cases.

The Secretary of State for the” Gol- onies, Sir Philip Cunliffe Lister, re- plied that it was a universal practice in all Colonial Govern- ments, to give pre- ference to British goods when possible. He was unaware of the circumstances. to

which Mr. Ham- mersley referred, but promised to in- quire. Reuter

the system whereby one official US. RAIL DISPUTE

occupies several posts will be abolished

There will be a considerable re

SPECIAL TO CHINA MAIL: Ry Telegraph. Copyrlaki Islegra phia - Memages Ordinance,, 2004, / Re- ceived March 13, 820 ML) duction in State salaries

It is estimated that 2,500,000 President Boosevelt has signed 000 francs will thus be saved to crease, affecting 18,000workers, the Vinson-Trammel Navy Bawards the 4,000,000,000 francs The Senate has approved Senator Bar Co.

United Press, per 8 C. Gold. It is my personal hope that the needed to balance, the Budget. -

Reuter 1985 Naval Conference will extend Bankhead's amendment to include

all existing limitations and sgrəs to further reductions," he declarUS. ed in and has also agreed to an amend-

"a"subsequent """statement." Cloudy, with rain later, and mo- The President said that one- ment increasing the minimum tax derate cast and north-east, winds, count of some public misapprehen from five cents to eight cents per lb, freshening, la the weather, fore-dion over the Vinson Bill he want

taxation on excess cotton of 50 to

75 per cent, of, the market value,

-United Press, per 5.0...Gold Bar,

US. PAY ROLL INCREASE.

WEATHER FORECAST.

ai dant issued by the Royal Observa éd to emphasise that

|[tory to-dayrol

inot, a law for the cons

Highest Figures Since Summer Of 1931

British Budget Surplus

Contained In Treasury Statement

MINISTER TO

DUBLIN,

Duplicate Credentials

Carried

FFICIAL ST

DEADLOCK

Roosevelt Intervention Now Sought

pkla

STRIKE "IMPROBABLE”.

ECIAL TO CHINA MAJES Telegraph, Oopyright, “degi fansagen: · Ordinance," 1895 |ceived March 27, (28 pm.)

ZNAM.Washington, To-day,

President Roosevelt

hopeful that the railway tron [settled before the

cht. - for his fishin

has anno

MAR.