1934-04-17 — Page 1

Carnation

Crnation

MIL

"From Contented Cows"

THERE'S CREAM

IN

EVERY DROP.

Sole Agents: CONNELL BROS. CO., LTD. HONG KONG & S. CHINA,

The dollar, on demand, closed

to-day at 1/5 5-8.

FINAL EDITION?

GENTLEMEN

China Maile

Est. 1845.

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

Est. 1840,

No. 28,701

HONG KONG TUESDAY, APRIL 17, 1934.

PRICE $3.00 Per Month.

MAKE

BUYWORD

OUTFITTERS

CHATER ROAD.

HONG KONG.

ROOSEVELT'S ANTI-SILVER ATTITUDE CAUSES MARKET DECLINE

MANCHURIA

MAIL SERVICE

મ

NO U.S. LEGISLATION THIS SESSION

CONTINUED

RESUMPTION PRICES SLUMP IN NEW EFFORTS Political Issues Delay YORK AND LONDON

Efforts.

CHINA TREATIES CONSIDERED REMONETISATION HOPES

BY BRITISH GOVERNMENT

London. To-day, Replying to a series of questions in the House of the Commons. yesterday, Foreign Secretary, Sir John Simon, give the assurance that no opportunity would be lost to promote the resumption of the mail service through Man- churia; but as the matter in- volves political issues, he de- clined at present to accept the suggestion that representa- tions be made to China that mails be transmitted via Man- churia and Dairen.

The nature of the reply to recent Chinese Government note in regard to the Treaty of Tientsin. of 1868, and the Commercial Treaty of 1902, was now being considered in consultation with the Depart- partments of the Government concerned, and pending the completion of the consulta tion, it was impossible for him to make a statement in regard to its terms, stated Sir John Simon in reply to a ques- tion on that matter.-Reuter.

JAPANESE CONFER WITH HUANG FU. Shanghai Conversations Not Divulged.

Shanghai, To-day. Mr. Ariyoshi, the Japanese en- voy, called on General Huang Fu at 9 a.m. to-day and left at 10.30

a.m.

The nature of the conversa-

tion was not announced.

The Japanese Military

At-

DASHED

ROOSEVELT TO FIRST TRY OUT SILVER PURCHASING PLAN

SPECIAL TO CHINA MAIL..

(By Telepraph, Copyright, Telegraphic Messages Ordinance, 1894.

Received April 17, 6.48 a.m.)

WASHINGTON, TO-DAY.

BY CONGRESS SENATORS DEMAND

LEGISLATION,

NEW SILVER PURCHASING PLAN PROPOSED

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra- whic Messages Ordinance, 1884. R. ceived April 17, 8.1 a.m.)

Washington, To-day.

Senator Pope yesterday said that he would urge President. Roosevelt to supplement the Dies Bill with a plan authorising the OBSERVERS BELIEVE THAT THE HOPE FOR SILVER LE GISLATION AT THE PRESENT SESSION OF CONGRESS HAS purchase of 10,000,000 ounces of FADED OWING TO THE FACT THAT IT IS NOW UNDERSTOOD silver monthly, in addition to the THAT PRESIDENT ROOSEVELT HAS REQUESTED THE POST-present purchases. PONEMENT OF ACTION ON SILVER AND OTHER MONETARY BILLS AT PRESENT.

Certificates would be issued against silver until the amount in circulation was equal to the which would establish the truc ratio of silver to gold more effec- tively than legislative enactment.

It is reported that the President told the House of Represen-certificates having a gold basis, tative leaders that he would use the Thomas amendment powers to increase the monetary use of silver.

The Speaker of the House of Representatives, Mr. Henry T. Rainey, said that there is a strong indication that no additional silver legislation will be enacted at the present session, but that President Roosevelt would help silver through the Thomas

Amendment.

Mr. Rainey said that the President opposes silver legisla- ion this session because he first wants to give the present silver purchasing plan full chance to see what it can accomplish.

"I DO NOT THINK PRESIDENT ROOSEVELT IS VERY EN- HOWEVER, HE MIGHT THUSIASTIC ABOUT THE DIES BILL. NOT VETO IT," MR RAINEY ADDED.-UNITED PRESS, PER S. C. GOLD BAR CO.

DIES BILL MAY BE APPROVED.

SILVER DROPS 1⁄4 IN LONDON.

But Radical Silver Plans But Market Not Unduly

Are Opposed.

SPECIAL TO CHINA MAIL (By Telegraph, Copyright. Teicoro. phie Stennauer Ordinance. 1894. Na Jerived April 17, 4.12 a.m.)

Washington, To-day,

have revealed

Conferees

that President Roosevelt pre- no objections sumably holds

to the original Dies Bill. How- ever, he does oppose the Tho mas amendment providing for fache. Lieut-General Suzuki, also the nationalization of silver, visited General Huang Fu, this morning. Reuter.

JAPANESE OFFICER KILLS HIMSELF.

Naval Attache's Suicide In Naples.

Naples, To-day. Mr. Sinsuke Ohtani, the Japanese Naval Attache to the Rome Embassy. Was found hanged in the bed- room of an hotel here, yes. terday. Reuter.

(Continued on Page 12).

Perturbed.

Stabilisation would be at- tained by having currency circulation maintained 6fty- fifty between silver and gold.

"Prince Sigvard of Sweden, son of the Crown Prince of Swe- den, was married to Fraulein Erika Patzck, ■ Berlin business man's daughter, at the Caxton Hall Register Office, London, on March 8. The marriage took place without the consent of the King of Sweden or the Crown Prince. The bride and bridegroom are seen leaving the Register Office after the ceremony

GERMANY'S

ARMAMENT

INCREASES

REPLY TO BRITISH ENQUIRY.

THE REICHSWEHR-

New Air Protection

The plan, he said, would keep SHORT SERVICE ARMY FROM the silver price out of the hands of speculators and would not be inflationary United per S. C. Gold Bar Co.

SENATE COMMITTEE UNDETERRED.

Washington, To-day. The special United States Scnate Silver Committee has unanimously demanded the Immediate passage of silver legislation. Reuter.

SPECIAL TO CHINA MAIL...

Scheme.

London, To-day. The note addressed by the Ger- man Foreign Minister to the Bri tish Ambassador in Berlin, in reply to the enquiry regarding the in- creases in the German Naval,

Military and Air Estimates, was presented to the House of Com-

U.S. SENATE. MAY DELAY CONGRESS' ADJOURNMENT

House Of Representatives Will

Be Ready On May 15

SPECIAL TO CHINA MASI.. (Bu Telegraph, Copyright. Telegra A Messages Ordinanas, 1894 Re ecived Aprü 17, 4.18 am.)Jun

Washington, To-day. Representative Byrns has pre- dicted that the House of Repre bentatives will be ready-to». Journ on May 15.

tho

It is, however, doubted if Senate will be ready by then.

President Roosevelt has hinted that he desirea an early adjourn- mert ef Congress.-Unfted Press, per 9. C. Gold Bar Co.

SHANGHAI PLANE

DISASTER

SENSATION IN HOUSE

INFLUENTIAL

PRESSURE ON

WITNESSES

SIR SAMUEL HOARE AND LORD DERBY,

MANCHESTER'S · NEGOTIATIONS

WITH INDIA...

́ ́ London, To-day,

Mr. Winston Churchill created a sensation in the House of Com- mans yesterday, by asking leave to refer a matter of grave im- portance to the Committee of Privileges.

He asserted that when the Secretary for India, Sir Samud Hoare, in 1933, learned what evi- dence the Manchester Chamber of Commerce proposed to submit to the Indian Select Committee, he, with others, notably. Lord Derby, exerted pressure, with the result that the evidence was. funda- mentally changed.

Mr. Churchill said that he did not doubt that the action of Sir Samuel Hoare and Lord Derby was well intended.

He did-poi impugn their personal motives, but he al leged that it was grossly ir. regular for members of a Commission to press wil. nesses to alter their evid. ence.

The House of Commons agreed lon Mr. Churchill's motion after

a chorus of approval from the leaders of all sections; including Sir Samuel Hoare, who said that the enquiry would provide a Mr. Churchill had found a "mare's nest."

(By Telegraph, Copyright, Telegramons by the Foreign Secretary, Sir Tangible Evidence of chance once again to prove that

phic Messages Ordinance, 1804, Re-John Simon, in reply to a question.

ceived April 17, 8.21 a.m.)

yesterday. Washington, To-day. The note state that in regard

Mishap.

OR PASSENGERS

Shanghai, To-day. The first tangible evidence that the lost China National Airways

.

Sir Samuel Hoare, in the course of his reply, said that the Man- chester Chamber's original mem-- orandum seemed to him to' des- troy any chance of negotiations between India and Manchester (which eventually had an happy issue) even occurring.

He felt bound to bring this to the notice of the Manchester Chamber of Commerce.

London, To-day. The London silver market, late yesterday afternoon experienced a

A number of Senators, including to the estimates for the Army, STILL NO TRACE OF PLANE sudden wave of selling on the

Senators Borah, McCarran, Thomus 654,600,000 Reichsmarks, which American account, caused by the and Hapstead, met informally, yes-represents an increase of 172, statement made by Mr. Henry T.terday, and decided to learn Prest-000,000 marks, the "increased ex- Rainey, Speaker of the House of dent Roosevelt's views first-hand be-penditure is necessary for pre that President fore mapping further remonetisa-parations due to take place in Representatives. Roosevelt questions the advis- tion efforts.-United Press, per SC. the course of the budget year.

for the conversion of the Reichs-Corporation's air liner has met with ability of proceeding with silver Gold Bar Co. -

wehr into a short service army disaster reached Shanghai this legislation now.

(Continued on Page 0)

morning by steamer from Chinhai, Chekiang.

However, his efforts were un- The evidence consisted of a successful, and it was not until Chinese Post Office bag, a cloth four months later that represen- to the Foochow agent of the tations on the same lines, made bag, two books, forms addressed by the Lancashire delegation C.N.A.C., and an envelope contain which went to India, resulted in the amendment to the Manches-

Reuter. ing babys" comforters, which were ter memorandum. sodden but in a good state of pre- New York, To-day.

the well-known❘servation.

FRENCH ADMIRAL Mr. Otto Kahn Washington, To-day,

of American banker, who died recently, Fishermen It is sold that the passage permanent air mail. legislation in left about U.S.$15,000,000, to be

May Be Postponed To Next Session.

Mr. Rainey, Speaker of the House

Although prices shed a farth- AMERICAN AIR MAIL

LEGISLATION. of Representatives quoted President Roosevelt as saying, "I am as much fing from the offical close and small

business was done even

at 3/8 silver man as you." The conferees said that President under, the market was not unduly Roosevelt is unalterably opposed to perturbed at what is considered a the Goldsborough Bill.

shake-out of he weaker bulls. soid Doughton Representative

It points out the undiminished that the President was leaving the Couzens amendment to the Tax Bill, determination of the United States providing for an extra 10 per cent. Congress silver bloc to pass the on income tax, to Congress.

Mr. Doughton said:

"I am not sure that we need money that badly."

Senator Thomas, of Oklahoma,: leald that all members of Congress

Silver Bill-Reuler.

SPECIAL TO CHINA MAIL..

SPECIAL TO CHINA MAIL. By Telegraph. Copyright. Telogra hic festages Ordinance, 1891. ceived April 17. t am.)

Ra

HUGE AMERICAN FORTUNE.

Mr. Otto Kahn Leaves U.S.$15,000,000.

arc

reported to

tween Kingtangahan Island and BIG DECLINE IN NEW YORK the United States, might be post- equally divided between his four have found these on April 11, be-

pered until the next session of children and his widow, who are the Cheklang coast.. Congress.-United Press, per S., C. otherwise adequately provided for. by Telegraph, Copyright. Telegra | Gold Bar Co. will be invited to a conference ap pin Messages Ordinance, 1806 B April 23, in an effort to unite the ceived April 17, 8.24 a.m.) divergent factions on a single mone

FURTHER U.S. STEEL tary Bill-United Press. per S.C.

RECOVERY.

Highest Percentage In 8 Months.

1

SPECIAL TO CHINA MAIL

1 Telegraph, Copyright, Telepre phic Meanor, Ördinanas, 1888, Bar ceived April 17, 6.48 cm3),

Gold Bar Co.

GOLD SPECULATION TO BE INVESTIGATED

+

'SPECIAL TO CHINA HAI (By Telegraph. Copyright, Taleges phic Messages Ordinance, 1804. Re ceived April 17, 821 am.)

Chicago, To-day.

-Router.

The majority of traders here, he Germany's Trade Balance

lieve that President Roosevelt's anti-silver attitude will be the pri- mary cause of a break on the mar ket which will be ranged almost to the allowable. Hmit,-United Press, per S.C.-Gold Bar Co..

agits. Also mak

$225,000,000, PROFIT BY SPECULATORS

May Be Offered To Creditors

SPECIAL TO CHINA MAIL

¡Continued on page (2.)

JUNK SEARCH TO

: BE ORGANISED

Shanghai, To-day.

PASSES.

Tragic Death Between Colony And Shanghai,

Shanghai, Today, Admiral dea Coltes Genon died at 6 am, to-day aboard the French cruiser, "Primauguet," while en

A Loening amphibian proceeded route to Shanghai from Hong Kong banks of creditor countries, all at 1.80 p.m. to-day to the spot where to take up command of the French The cause of death was bronch (By Telegraph, Copyright, Talegro- the proceeds from the potential the lost air liner is believed to have naval forces. phis Mesuden Ordinance 1891, Ra German export surplus gained by foundered, to try to organise a junk

The "Primsuguet? fi expected to ceived April 17, 0.88 4.m.)

trading with each particular search for the machine and the ocial pneumonia,

the cupants Berlin, Today" alı concerned which

Country It is understood that Dr. H. holding banks will divide into Meanwhile, a tug and lighter are arrive here late this afternoon. Schacht, President of the Reichs- two portions, one portion to he making for Chinkal in order to Reuter, bank, Herr Schmitt, and other devoted to further payment of in- bring back the Sikorsky plane which Government officials are discus-terest to bondholders and the was damaged when searching for New York, To-day,

sing a plan for the proposed cre- other to finance raw material im- the missing plane,—Reuter. The American Steel Institute

the United States Treasury to Mr. White in demanding an in-ditors conference on April 27 as ports Into Germany. states that the output of the in-

investigate gold speculation, vestigation of all gold transactions an alternative for the transfer It is understood that, if the dustry is now working at 50.3 per cent., as compared with 47,4 The resolution is the result of in the United States since January moratoriuum. It includes: creditors representatives reject last week, which is the highest Mr. Rainsy's suggestion that the 1 said that speculators had pro-1 An offer to transfer a sum, the plan a full transfer mora since August 22 last year, allver holding survey should in- fled by more than UB, $225,000, similar to the British war debt, torium might be de declared www offective on May 1, United United Press, per 8. C. Gold Barclude gold-United Press, per S, 000 sinck the devaluation of the as a token payment.

An offer to block, in the Press, per 3. C. Gold Bar Co. C. Gold, Bar Co.

dollar-Kentar.

Co

Washington, To-day. Representative White hau forwarded a resolution calling.

Washington, To-day

WEATHER FORECAST.

EARL OF BUCHAN

PASSE

London, To-day. The death occured", to-day of Cloudy, weather, with moderate Shipley Gordon Stuart Endine, north-east winds, was the weather 14th Earl of Buchan, at the aga forecast issued by the Royal Obser- of 84. Lord Buchan was a keen vatory, this morning.

sportsman-Renter.