Carnation
"From Contented Cow"
THERE'S CREAM
IN
EVERY DROP.
The dollar, on demand, closed
to-day at 1/5 -
FINAL EDITION
The
China Mail
Carnation
Est. 1845.
Sole Agenter CONNELL BROS. CO., LTD.
No. 28,720
MILK
HONG KONG & 6. CHINA.
DEFINITE
JAPANESE
COMPETITION
INCREASE
THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST
Ext. 1645.
HONG KONG, WEDNESDAY, MAY 9, 1934. PRICE $3.00 Per Month.
Cours
BUY YOUR SUMMER WEIGHT WHITE SLIPOVER
THIS WEEK.
LIGHT & COOL.
BERNARDS OF HARWICH
CHATER ROAD,
HONG KONG.
WHITE HOUSE ASSURANCE OF EARLY SILVER ACTION
NATIONALISATION
INCLUDED
Tremendous Growth In 25 PER CENT. SILVER FOR
1932 Period.
BRITISH QUOTAS WILL FAVOUR FOREIGN NATIONS
London, To-day.
In regard to the measures for dealing with Japanese competi- tion in the British Home and Colonial markets, announced on Monday by the President of the Board of Trade. Mr. Walter to which Runciman, the extent Japanese competition has in- creased, since the depreciation of the yen began at the end of 1931, is shown by the following figures:-
In the five years from 1927 to
CURRENCY BASIS
ROOSEVELT
MODIFIES VIEWS ON MANDATORY LEGISLATION
SPECIAL TO CHINA MAIL
(By Telegraph, Copyright, Telegraphic Messeges Ordinance, 1894,
Received May 9, 9.02 a.m.)
Washington, To-day.
The White House silver conference ended at 12.30 p.m. yesterday.
FLETCHER
RAYBURN BILL
CONDEMNED
"Will Throttle Business Improvement."
WALL STREET TRADERS UNCONCERNED
SPECIAL TO CHINA MAR (By Telegraph. Copyright, Telegra phic Messages Ordinance, 1891. Re- Jecived May 9, 9.20 a.m.)
New York, To-day. Brokerage houses here are very gloomy, fearing that thousands will be thrown out of jobs if the Fletcher-Rayburn Stock Ex- change Control Bill is passed.
BN Businessmen fear that the will throttle business improvement. and plunge the country. Into a deeper
A White House statement declared that President Roosevelt, depression.
Wealthy Wall Street traders are the Treasury Secretary, Mr. Henry Morgenthau, and the silver
They say that the Senators discussed the "possible nationalising of silver in the unconcerned. same manner in which gold was nationalised, through the pur- passage of the Bill will result in them not participating in the mar chase of existing free stocks at a limited price."
ket for several years.
They also discussed the policy of having 25 per cent. of the 1931, on which perlod the import monetary value of the nation's metallic reserves in the form of
silver.
quelas now introduced are based, Japanese cotton piece goods enter.. ing British Colonial market in- cluding East Africa, averagedy 87,673,000 square yards yearly. In 1932 the amount had increased to 205,020,000 square yards.
The figure for the last year is not yet available, but it is known! to represent a further large in-
crease.
It is pointed out that. although
The silver advocates reported that the White House definite assured a silver programme including:
1. NATIONALISATION,
2. THE RE-ESTABLISHMENT OF SILVER AS BASIC MONEY: 3. TREASURY WILL, PURCHASE SILVER UNTIL THE METALLIC
SILVER RESERVES REACH 25 PER CENT.
"Let the politiciana run things. Then we shall see who knows how to run the market,
Modern villes are rapidly spoiling the rural 'countryside of of England,, but here is a Sussex village which has escaped and remained untouched in its rustic beauty. The photograph shows,
Ivy covered without ant the Old Swan Imm, at Fittleworth rambling within, Its dining room walls are hung with paintings by artists who have from time to time made the Inn their tem- porary home.—(S. & G.).
WAR DEBTS RUMOUR
ROOSEVELT
SENDS OUT
TRIAL KITE
Retro-Active Interest Of 1.25 Per Cent.
30 CAPITAL INSTALMENTS
Washington, To-day.
While no official information is forthcoming as regards Pre- sident Roosevelt's plans on the British and other
war debts,
it is strongly rumoured that he will suggest a retro-active application of 1 per cent. interest on debts with a request
be liquidated in 30 annual in- - stalments without interest.
BENGAL SHOOTING DRAMA that the remaining capital sums
an expert or a Washington EYE WITNESS
hireling one trader declared. -United Press, per S.C. Gold Bar Co.
"
It is understood that the President told the Silver Senators to U.S. INCOME QUOTED prepare legislation to accomplish such a programme, which is expect fred to become a national policy...
President Roosevelt is reported to have modified his views, and
applied generally to all foreign is willing to accept a mixture of mandatory and permissive authority.
imports of cotton and rayon goods they will, in practice, react fuv- ourably to foreign countries who
have also Puffered from Japanese DIES BILL DEFINITELY
competition-British Wireless Ser-1
vice.
THRILLING CHASE FOR SMUGGLERS
Big Opium Seizure Off Lyemoon.
FUGITIVES SWIM ASHORE
Savouring of an extract from a Sax Rohmer "thriller." the story of an exciting chase after opium smugglers in Hong Kong harbour shortly after dawn yesterday. was related in the Central Magis- tracy by Revenue Officer H. Major, this morning.
A
Sighting a sampan acting in
near Lyemoon Puspicious manner Paes, 1.about 7 o'clock, the officer, deelded to make an investigation. As the Revenue craft approached the Bampan, however, the occupants,
SIDE-TRACKED
Danger Of Reprisals For Alleged Dumping.
TIPECIAL TO CHINA MAIL. (Hy Telegraph, Copyright, Telegra phic Messager Ordinaner, 1895. Rr. Terved May 8, 8.46 km.)
Washington, To-day.
It is indicated that the Dies Silver Bill has been definite- ly sidetracked because the Ad- ministration is opposed to il, partly on account of the 'dan- reprisals foreign of Ker against the alleged dumping of American products-Unit- ed Press, per S.C. Gold Bar Co.
NO DECISION YET REACHED.
SPECIAL TO CHINA MAIL
(By Telegraph, Copyright, Telegri three Chinese men, suddenly dived the Blessages Ordinance, 1884. Ite overboard fully clothed and swam [crived May 6, 12.15 p.m.)'
for the shore.
After putting a man in charge of the abandoned boat Revenue Officer Major followed the fugitives 'ashore! where two were discovered hiding among the thick bushes which bor- der the coast of the Island at that
point,
3.
•Washington, To-day.
The White House has falled to match the silver advocates optimism,
The Treasury purchases would jbe at a price calculated to avoid
“AT £2,400,000,000.
Operation Expenses Below Estimate.-
REPORT ON
INCIDENT
Students Attempt To
Kill Governor.
WOMAN SHOT IN ANKLE
Darjeeling, To-day.
SPECIAL TO CHINA MAIL..
An eye witness who saw the 'at- (By Telegraph, Copyright, Telepra- excessive profits to holders. Such phis Messages Ordinance, 1894. Re-tempt to assassinate Sir John An- Treasury silver would not be sold reived May P. 920 m.)
derson, the Governor of Bengal, until the world priee exceeded
Washington, To-day. at a race meeting here, yesterday, U.S.$1.29 per ounce,
sooner was the The United States Treasury has dates that no reported that the expenses of Gov-Governor seated than a shot was Jernment operations during the past fired."
U.S.$0,000,000,009
10 months WAS which is U.S.$4,500,000,000
under|
President Roosevelt's predictions. shot was fired and then it was
Senator King and others be- lieved that they have achieved advanced position the most for legislation yet reached. It it expected that all pending legislation will be withdrawn. Senator.Adams said that he 000. expected the new policy to involve the purchase of at least 50,000,000| of ounces of silver monthly for five months.
Senator Wheeler said that he understood the programme was on a permissive basia.
"It is up to Congress to declare the policy and to the President to he added.-United work it out," Press, per S.C. Gold Bar Co.
PROGRAMME IN DETAIL
His Excellency and all the others jumped up. Another
Income to date is U.S.$2,400,000,- noticed that two Bengulis, one on either side, were again aiming. The deficit, so far, is U.S.$3,400,-Armed guards replied, and both |000,000.-United Press, 3.C. assailants were wounded.
Gold Bar Co.
per
NO PASSPORT NO TICKET.
Chinese Customs Ruling.
Nanking, To-day.
It is learned that the Chinese Customs are informing shipping companies that foreigners with- out passports coming to China
Silver Advocates Leave must not be allowed to purchase
Conference Smiling.
SATISFACTORY IF PRACTICABLE
Washington, To-day. A statement was issued yesterday
President Roosevelt yesterday declaring that the conference ex outlined to the silver advocates a plored two painta relating to the
two-day programme involving the further use of silver as a metallic nationalisation of silver and a 25
per cent. silver basis for decision, however, was American monetary system.
The though conferees
Eight Senators attended
the
the
The third man escaped.
reserve. Returning to the sampan the offi-
No cer discovered 700 taels of non-Gov- ernment prepared opium and 476 reached. taels of raw opium stowed away in insist that they have won presi-conference, at which the President dent Roosevelt's acquiescence.issued the following statement:- Arranged before Mr. E. W. Hami-United Press, per S. C. Gold Bar
the craft.
ton at the Magistracy this morning. the two smugglers, So Wah-tük ́and Yiu Chung, were each fined $5,000 in default one year's hard labour.
WEDDING ANNOUNCED.
Co.
WEATHER FORECAST
TWO VITAL POINTE "At the conference between number of Benators, the Secretary of the Treasury, and the President, there were further discussions on Fair to showery, with moderate two points relating to the further Bouth to cast, or variable, winds, was use of silver as a metallic reserve
tickets. Reuter.
ARMY BARRACKS IN SHANGHAI
New Structure For Japanese Only.
QUESTIONS IN COMMONS
5 KILLED IN GUNPOWDER FACTORY EXPLOSION
·Electric Light Bulb Breaks In Tamniks Works
It is believed in some quar- ters that this has been allowed to leak out as a trial kite to gange opinion at Home and abroad.
The British Chancellor of the Exchequer, Mr. Ne-
Belgrade, Todayville Chamberlain, recently
Five persons were killed and 10 seriously injured in an explosion
at
A gunpowder factory Tamniku, yesterday.
st
ma-
An electric light bulb broke and the pieces fell into some chinery, causing the explosion.- Reuter,
STATESMAN IN SHANGHAI
Capt. Wedgwood Benn On World Trip.
IMPRESSIONS OF U. S.
cited in the House of Com- mons that the British war debt
at present amounts, to U. S. $4,368,000,000.----Resler.
NEW RUBBER
COMMITTEE
ASSEMBLES
Exportable Amounts
Fixed.
RIGID ADHERENCE NOT EXPECTED
Numerous European and Indian
Shanghai, To-day. amelals formed a cordon round the
An interesting visitor to Governor, while the guards were
A Shanghai is Capt, the Rt. Hon.j dealing with the assailante.
London, To-day. general stampede followed, and William Wedgwood Benn, who five other youths, who were seen was Secretary of State for India
The International Rubber Re- from 1929 to 1931. racecourse, running outside the
Captain Wedgwood. Benn, with gulation Committee, at the in- his wife, arrived here on Monday augural meeting, yesterday, Ex- evening with the intention of
were arrested. Many Bengali youths were detained,
The assailants arrived only five days ago from Dacca where they are students at the Dacca Jagannath Interme- diate College.
making a short stay in China, ed the exportable amount for studying conditions, before con-each territory at 100 per cent, of tinuing his round the world trip. the basic quota during June and Capt. and Mrs. Wedgwood Benn July, 90 per cent, during “August
a month in and September, 80 per cent, dur-
A lady who was shot in the an-completing an extended tour of the kle by one of the bullets, was the United States, apent daughter of an Anglo-Indian rail- Japan, and intend to return to Eng-ing October and November 70
land via Russia. way driver. She was occupying the stand above the Governor's
Racegoers cheered jubilantly as the governor drove off.-Reuter, ACCOMPANIED BY DAUGHTER
London, To-day, Both the Governor's assailants were arrested as also were five other Bengalis believed to belong to the same gang. One suspect is still..at] large.
London,. To-day, Asked, in the House of Com- monis yesterday by the Con-
It is understood that Sir John servative Member for Whitewas seated in the Governor's box in
haven, Cumberland Mr. w.. Nunn, as to what new barrack accommodation Was being erected at Bhanghai for hous- ing, the International forces there, the Financial Secretary to the War Office, Mr. A
the weather forecast issued by the for the United States, more speci-Duff Cooper, said that he had Royal Observatory this morning.
fically the possibility of nations-] Hlaing afiver in the same manner The forthcoming wedding of Mr.
in which gold has already been Miguel Alberto de Sours of No,: 6, Cumberland Avenue, Kowloon Tong, A total of 0.075 inch of rainfall was nationalised through the purchase and Miss Elizabeth Florence Field, recorded for the 24 hours, ending 10.30 of existing free stocks at a limited |a.m. to-day: The total rainfall since
of No, 16, Hankow Road Kowloon, January 1 is pow 8.45 inches, against price was explored,
in announced.
san average of 13.44 inches,
(Continusd'on Paga 63.
company with his only daughter when the attack took place.
"
SIR SAMUEL HOARE'S CONGRATULATIONS -
The Secretary of State for In- dia. Sir Samuuel Hoare, sent Sir John Anderson the following|
been informed that new bar- racks for the Japanese troops.telegram: had been completed last Sep. Lember,
He was anyware of any other new construction ---Res-
“I deeply regret to hear of the attempt on your life and congra- silaterou mots sincerely on your British your Happy escape." Wireless Service.
(Continued on Page 9)
RUMANIAN TOWN IN FLAMES
Outbreak Starts In Hospital.
PROLONGED DROUGHT PROVES BIG HANDICAP
Bucharest, To-day. Campulung, one of the most picturesque towns in Rumania is reported to be in flames following a fire which broke out in the hospital,
Hundreds of houses have. been destroyed but the ca sualties list is not yet known.
The village of Hatmandges „Dobruja is also on fire, and the flames have spread with alarming rapidity owing to the prolonged drought Reuler...
per cent, during December.
Rigid adherence to the month- ly percentage is not expected, but the excess or deficiency of
one month may be adjusted subsequently.
The Committee elected Sir John Campbell as chairman and Mr. Van Gelderen as vice chairman.
It was decided to invite repre- sentatives of the manufacturers to nominate persons as
as advisory panel in time to attend the next meet- [Ing.-Reuters
STIEWER AMENDMENT REJECTED
SPECIAL TO CHINA MAIL.
(By Telegraph, Copyright, Telegra- phie Message Ordinance, 1895, Ra. ceived May 8, [9.86(a,m)
Washington, To-day.
har The United States Senato rejected the Bliewer, Amendment reducing the Stock Exchange Bill”. penalties from 44 10 27-United Fress, per S.C., Gold Bar Co.
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