1934-05-07 — Page 1

14

Manage

Carnation

Carnation

MILI

"From Contented Cows"

THERE'S CREAM

IN

EVERY DROP.

Sole Agents: CONNELL BROS. CO., LTD.

HONG KONG & S. CHINA.

The dollar, on demand, cloned

to-day at 1/4 58.

FINAL EDITION

China" Mail

Est. 1845.

No. 28,718

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

HONG KONG, MONDAY, MAY 7, 1934.

BUY YOUR SUMMER WEIGHT

WHITE SLIPOVER

THIS WEEK.

LIGHT & COOL.

'Fat. 1845.

BERNARDS' OF HARWICH

CHATER ROAD,

HONG TONG

PRICE $3.00 Per Month.

PROSPECT FOR SILVER COMPROMISE LEGISLATION IN

"IT LOOKS FINE FOR

ATHLETICS "IT

IN CHINA

PROBABLE

AN AGREEMENT”

ENTRY FOR THE SENATOR KEY PITTMAN'S

WORLD GAMES

DR. C. T. Wang's Urge

For Play Grounds.

"ATHLETES NOT COMING.

FAST ENOUGH"

"China will probably compete in the 1936 World Olympiad in Ber- im, and the present party of Chinese Athletes, now going to Manila for the Tenth Far Eastern Games, are the forerunners of that: Meeting," Leid Dr. C. T. Wang, former Chinese Minister for Foreign Affairs and Chairman of the Chinese National Athletic Fe- deration, in an exclusive interview with the "China Mail" on board the President Mackinley yesterday. When asked regarding Man- chukuo's desire to enter the Games, Dr. Wang said with finality:

"We consider the question does not closed. Manchukuo exist. We do not discuss en illigi-

"China is making rapid progress in sports; and we producing fine athletes, but not fast enough," continued Dr. Wang.

mate child." -

are

PLAY GROUNDB WANTED Dr. Wang strongly advocated for mure playgrounds for the children! of China. "In order to bring the standard of sports up to where it should be, everybody in China muxt take an equal part in games, and childhood in the best time to receive tuition. A person cannot very well be trained to become a first-class athlete after he has passed the age of twenty."

OPTIMISM

NATIONALISATION PROSPECT

SPECIAL TO CHINA MË 15.

(My Telegraph, Copyright, Telegraphic Messager Ordinance, 1894. Received May 7, 8.31 a.m.)

Washington, To-day:

As the result of yesterday's conference, silver advocates are most hopeful that a compromise legislation will be enacted at the present session of Congress.

It is indicated that if a satisfactory agreement is reached all

71.

The majesty of the British Fleet: A recent, picture of the Mediterranean Fleet in Malta Har- bour, showing—B.M.S. “Queen Elizabeth", H.M.S. “Revenge,” H.M.B. "Susser” and H.M.S, "Shrop- shire,” with H.M.S. "Royal Oak" on left, at back.—(S, & G.).

the sliver proposals, pending in the Senate will be withdraws GREAT SPECULATION ON WAR DEBTS

until the compromise plan is in writing.

The conferees have indicated that they would abandon the proposal to purchase silver at world price, which President Roose- vell opposes.

The Chairman of the Senate Foreign Relations Committee. Senator Key Pittman, states: "It looks fine for an agreement.”

Some believe there is a chance that the President might agree to nationalisation at a maximum price of 50 cents.

GERMAN DEBT

CONFERENCE

SOCIALIST DEFAMATION OF HITLER DURING MAY DAY

STATEMENT Germany Lodge Protest With

Chairman Surprised

At Progress.

IN THE EVENT OF NO ACTION AT THIS SESSION, IT 18 BE LIEVED THERE MIGHT BE CONSIDERABLE INTEREST AT THE NEXT CONGRESS IN SENATOR POPE'S NOVEL BILL. DESIGNED TO ES- CURRENCY CIR- TABLISH EQUIVALENCE IN GOLD AND SILVER CULATION, BUT RECOGNISING WORLD MARKET DISPARITIES IN GOLD AND SILVER VALUE, WHICH WOULD RESULT IN A LARGE US. DISCRIMINATION PROTEST ADDITION OF SILVER TO THE NATION'S MONETARY RESERVES, BUT WOULD AVOID EXCESSIVE COST BY PURCHASING at Mar- KET PRICE AND NOT AT AN ARTIFICIALLY FIXED RATIO, WHICH HAS BEEN ONE OF THE BIGGEST OBJECTIONS AGAINST SILVER LEGISLATION. UNITED PRESS, PER S.C. GOLD BAR CO.

SILVER PARLEY ON AMENDMENT TO THE

WAY TO FUNERAL,

"Must Be Silver Legislation."

PRESIDENT SYMPATHETIC.

SPECIAL TO CHINA MAIL.

phie Messages Ordinance, 1891. Re- evived May 6, 2.08 p.n.)

GLASS BILL.

"President Expects Adoption."

SPECIAL TO CHINA MAIL.

London, To-day.

Little has so far transpired of the progress made at the German debts conference, which has been meet- ing in Berlin since April 27.

Latvian Government

Riga, To-day. The German Minister to Latvia has formally protested to the Latvian Government" against the 2 defamation of Chancellor Hitler by the Socialista during the May:- Day festivities.

It is alleged that the Socialisi staged a demonstration in which an effigy of Hitler, beheading a victim with a huge axe, figured prominently-Beuter.

BRITAIN NOT

DEFAULTER TO

U.S. UNDER ACT

President's Message To Congress.

UNCONFIRMED REPORT OF PAYMENT ON JUNE 15

Washington, To-day.

AMERICA

SILVER EXPERT IN COLONY

Professor Rogers On Far East Mission.

FIRST TO TRAVEL BY NEW AIR LINE

No Statement Immed

1

A'tiffin in honour of Mr. W. A. Rogers, the American silver ex- pert who is making a survey of the silver position in China, was given at the Hong Kong Hotel, at 1 p.m. to-day by the Ameri (can community in Hong Kong.

Those present were the Hez. Sir W. T. Southern, C.M.G., K.B.E., Sir William Shenton, Mr. W. Gor don, the Chancellor of the American Embassy in Berlin, who is passing through the Colony; the Hon. Mr. E.. Taylor, Mr. V. M. Grayburn, Mr. W., H. Thomas, of the Dollar Line, Mr. D. M. Bigger, manager of the Chass Bank, Mr. C. II. Benson, of the American Press, Ltd., Mr. . E. W. Duggan, of the American Express, Ltd., Mr. Shulte, of the Standard

Oil Company, Mr. T. B. Wilson, Dol

tar Line; Mr. Gordon Duclos, Mr.

Le Fevre, Texas Oil Company: Mr.

Culbertson, of Swan, Culbertson and Co., Mr. G. M. Hall, Mr. P. Cannon, {Mr. Douglas Jenkin, American Con- wid-General; Mr. R. M. McLay, manager of National City Bany, and Mr. L. N. Johnson of the National City Bank,

NO STATEMENT POSSIBLE.

"I am unable to make any state- Great speculation concerning ment at all with regard to my Mis war debts has been re-aroused by sion," said Professor W. R. Ro- the ruling of the United States At-gers, the American currency ex- torney General, Mr. Homer S. Cum- pert who is in China Investigating the effect of sliver policies on ex- defaulter under the Johnson Act, changes, in an interview with the coupled with the news that Presi China Mail this morning.

"I have been unable to malos dent Roosevelt is sending a war any statement to the Press since 1 debta message to Congress within came on this Mission, and, much

aa I would like to, it is impossi a fortnight.

GOLD BULLIONmings that Great Britain is not a

STANDARD

Professor Warburg's Views In New Book.

SILVER ADVOCATES WANT CHEAPER MONEY

The first official intimation of progress is contained in a state- ment issued by the Conference President, Mr. -Leon Fraser, Chairman of the Bank of Inter- national Settlements, who states|

the work is (Bu_Telegraph, Cappright, Telegra that

proceed. phie Messages Ordinance, 1894, Raing much faster than he expect

ed, though he indicates that Bu Telegraph, Copyright, Telegra-crived May 7. 1287 p.m.)

Washington, To-day. much ground has still to be Senator Thomas, of

Oklahoma Covered. Baltimore, To-day.

Tyesterday declared:--

Meanwhile, a Washington mes. United States silver Sena- "I believe that President Roose-sage states that the American Am Sung, China's "soldier athlete", who tors on Saturday conferred with velt is convinced that my amend-bassador to Berlin has informed died from pneumonia in Shanghai President Roosevelt aboard the ment to the Glass Bill will be the German Government that of a gold coin standard, and a recently, after having Won thetrain, while

en route to the adopted by both Houses, automati American opposition te discrimin- middle course between complete 10,000 metres race in the Olympic funeral of the former Treasury cally, killing the pending harmft. ation against American bond hold-economic nationalism and interna- trials, Dr. Wang said: "By his death Secretary, Mr. William H. inflationary measures."

era is unchanged. The text of the tionalism, was advocated yester- China has lost one of her best ath- Woodin, who died on Thursday. He said he would withdraw the protest against discrimination | letes and soldiers. It is a great

When the silver Senators left amendment if to-day's conferrence against American bondholders i day, by Professor Warburg, ad- loss to us in these coming Games."

here they were still was satisfactory, making possible unchanged.

viser to the American delegation to (Continued out Pone 1.)

CHINA'S LOSS

Referring to the death

of Τ.

TOBACCO MAGNATE PASSES AT 58.

Sir Louis Bernhard Baron,

London, To-day. The death occurred to-day. suddenly, of Sir Loule Bernhard

the train

New York, To-day. A gold bullion standard instead

The Attorney-General's ruling|ble" he said: is regarded in diplomatic circles]

"I have been sent by the Ameri-

possible silver policies on China.

"The administration in Ameries wants to know, in particular, what will happen in China if the prices of silver are raised, lowered, or kept firm. China being the chief country whosa currency is based on silver.

(Continued on Page 9)

AMERICA LEADS RECOVERY.

as decidedly advantageous to Bri-can Government," he continued "to tain. clearing the way for fur-investigate the effect of various Cher negotiations for, settlement.

It is reported, though off- cial confirmation is lacking, that Great Britain is carry. ing on diplomatic negotia- tions for another token pay- ment on June 15 on the understanding that the talks of final settlement will be resumed thereafter. The President's message is ex- hopeful of winning the Adminis- the consideration of the Fletcher- The text of the protest has not the World Economic Conference, said that the discussions would Bill and tration's approval. The Senators Rayburn Stock Exchange Control been published, but it is believed in his new book, "Money Muddle."ed to ask Congress to ap prove settlement with Finland the Reciprocal Tariff that it reltereates the protest Dealing with America's econo whereby future interest may be continue at the White House, to-bill-United Presis, per S.C. Gold made in January against preferen- mic plight, he declares that silver waived and payment of the prin day.

tial treatment accorded to Dutch advocates want cheaper money, in cipal amount be made within 50 and Swiss bondholders. Reuter. which case there is no reason why years and a special low rate of Interest, be applied retroactively they should stop at silver. They to the past payments, ITALIAN NAVY TO might as well clamour for iron

BE INCREASED.

tin or just plain paper.-Reuter.

Budget Readjustment Provides L480,000,000.

No definite conclusion was reached, but Senator Wheeler said, "There is a likelihood of silver legisla- tion at this session of Con- gress,"

the

Bar Co.

STOCK EXCHANGE REVISION URGED.

Senate Vote Expected On Wednesday.

J

Rome, To-day. The official Gazette states that

Senator King said that the con- Baron, chairman and managing ferees told the President that thera director of Carreras Ltd., the must be silver legislation before famous tobacco and cigarette Congress adjourns, to which

Washington, To-day. manufacturers, at the age of 58. President listened sympathetically, Twenty-eight industrialists, iB-

Reuter.

Bauring the Senators that all pro-cluding, Messrs. W. B. Bell, Rolland Associated with his late father's posals would receive equal considera. J. Hamilton, T. M. Girdler, and F. there has been a readjustment of business enterprise since early man-[tion.

A. Merrick, have sent a letter to the the Italian Budget, whereby 480,- hood, Sir Louis was first with the

Three points remained outstand-sponsors of the Stock Exchange[000,000 lire is now provided to build Baron Cigarette Machinery Com- pany. Ltd., who were the pioneers of elgarette making by machinery in Great Britain. For the past 26 years he has been with Carreras,

FEDERAL RESERVE HEAD MAY RESIGN

SPECIAL TO CHINA MAIL. (Bu Telegraph, Copyright, Telegra- phic Messages Ordinancs, 1884, Re- ceived May 7, 83% am)

New York, To-day,

ing after the meeting.

at

Control Bli, urging further revision more ships-Reuter.

on the ground that "many of the

&

1. Nationalisation price not exceeding 50. cents per ounce

of

provisions extend the scope far be-

U.S. WAGE LIFT NULLIFIED

or

tain

Cost Of Living Up 9.31 Per Cent. In March.

"TOP OF RECOVERY"

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra [ceivid May 7,,#41, am).

yond the regulation of exchanges MINE DISASTER phic Messages Ordinance, 1896. Re-

and speculation,

4.

2, The extablishment: currency reserve of 70′′ per "cent, gold and 80 per cent, eil.

ver,,

.3. The authorisation for the President to negotiate in- ternational silver agreemanta.

The Exhate takes up the Binto

day and is expected to vote Wednesday-Bouter:

OF

After returning to Washingtop, President Roosevelt promised to President Roosevelt sailed on a study' them; over the week-end. week-end cruise, accompanied by The Senators sald that the Trea- Mr., Morgenthau and others.ha Reports persist that Mr. Eugene wury Secretary, Mr. Henry Mor- They are likely to discuss the Black will shortly resign the Fede- genthau, participated in the dia Revenue Bill, sugar and silver ral Reserve, governorship United cussion, and appear to favour the United Prass, per 6. C. Gold-Bar

Co.

•Press per B.U. Goll Bar Ca

nationalisation "propeenl.

IN RUSSIA

Six Important Soviet Engineers Killed.

Moscow,; To-day. Six Important Boylet engin- éers have perished in a mininr dienster ́at Krivofrog Basis.

A portion of the mine cared in during experimen klere increases. In

Washington, To-day

The American Federation of Labour states that, the cost of liv ing increased 9,3 per cent, in March, nullifying the"average_9.7 |wage increase.

journal,

Greatest Progress Of Major. Nations.

SPECIAL TO CHINA MAIL- Observers in Washington are phio Messages. Ordinance, 1894. Re-

(By Telegraph Copyright, Telegra discussing the prospects of a ceived May 7, 831 am.) 4 similar arrangement with Bri-

Washington, To-day. The League of Nations statistics The Embassy here, however, show that the United States made refuses to comment on the sug greater progress from the depres igestion,

sion than any other of the major nations, possibly, with the exception,

per 8.C. Gold. Bar Co.

BRIGHTER MARKET

Reuter,

BOMB OUTRAGE

IN VIENNA

Alleged Nazi Activity On Railways.

Vienna, To-day. Bomba, were exploded at two railway stations. here yester

considerable day, causing damage.

The perpetrators are: be- Heved to be Nazia Reuter,

WEATHER FORECAST

of Japan and Rusala-United Press

PROSPECTS.

U.S. Traders Optimistic

For Summer

SPECIAL TO CHINA MAIL. (Dy Telegraph, Copyright, Telegra |phia. Messager Ordinance, 1895, Ra- calved May 7, ati am).jpRTAI

New York, To-day. Many Wall Street traders expi |pect the market to climb... aften. |Congreầm (adjournï, and the Stock

The ^^. New... York, "Annalist," declarex, "We are prob- {ably at or near the top of the pre- sont recovery. The resumption of the cyclical rise in business. Cloudy, with 'occasional rain, and Market Regulation Bill is actually activity must await clarification of moderate south winda was the was passed. They anticipate a rood the political outlook."United-ther forecast issued by the Boyal market this Summer United Press, Press, Der 8.C. Gold Bar Co.: Observatory, this morning,

per 8.C. Gold Bar Co.