1937-06-23 — Page 1

ne Court

Page

Listery, Supreme Court

NEW H.K. MINE DISCOVERIES

"RICKSHAW”

BRAND

CEYLON TEA

SOLD BY

CHINAE

OLDEST NEWSPAPER

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ESTABLISHED 1845.

EDITION

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No. 29,683

WEDNESDAY, JUNE 23, 1937-

Price: 10 Cts.

AUSTRALIA'S CHOICEST

BUTTER

EUROPEAN CRISIS

Momentous Meetings In London And Berlin

-BRADDOCK

WILL GERMANY

KNOCKED OUT IN ACT ALONE?

EIGHTH ROUND

Joe Louis, Chicago's fä- mous Brown Homber, last night knocked out James Braddock, heavyweight

champion of the world, in the eighth round of their contest for the title. Story of the fight will be found in Page 24.

COLONY'S

BUDGET

SURPLUS ILLUSORY

In an official report on the fin- ances of the Colony for the year 1936, the Colonial Treasury discloses that the surplus of $500,000 was illusory.

The actual revenue exceeded the estimate by $3,371,139, and the an- ticipated deficit of $2,926,303 was, therefore, turned into a surplus of over $500,000.

last

Crisis has flared up again in Europe with the complete breakdown of the Four-Power Ambassa- dors' Conference on the Leipzig Incident.

Germany demanded, it is revealed, a joint naval demonstration off Valencia. Britain and France refused,

sisting on the need for an investigation.

ON OTHER PAGES

New Hong Kong Mine Discov

eries

H. K. Sugar Shipment Stopped New French Cabinet

Mr. Eden's Grave Statement New Crisis Developments Gordon Bennett Balloon ́ Race

Incident

Berlin Conclave

Factory Control in China Louis Fight Description

POPE TO CEASE AUDIENCES ON

Gravity of the situation was revealed in Bri tain by another urgent meeting of the Cabinet and MEDICAL ADVICE

a statement in the House of Commons by Mr. An- thony Eden, and in Germany by a conference be- tween Herr Hitler and Baron von Neurath, the Foreign Minister.

London's fear is that, upon failure of the Four-Power consulta- tion to meet her demand for a sharp demonstration, the German Navy will be given orders to take unilateral action.

The full story of developments will be found in Pages Seven

and Eleven.

JAPAN FEARS NEW BOYCOTT

SHANGHAI, TO-DAY.

THE RAPID GROWTH OF The 'large increase in Duties was

THE MOVEMENT AMONG THE mainly due to a revision of the tariff

CHINESE FOR THE BOYCOTT which became effective on 1st April,

OF SMUGGLED GOODS IS 1936. Receipts from Tobacco Duty CAUSING DEEP CONCERN IN were exceptional during the

JAPANESE - CIRCLES, WHO quarter of the year, and, as the FEAR THAT THE FLOW OF large withdrawals from bond were JAPANESE PRODUCTS LEGI- made chiefly for manufacture for TIMATELY IMPORTED INTO export, heavy payments of draw- CHINA MAY BE AFFECTED. back were expected and have in

fact been made during the first The Japanese are, indeed, making three months of 1937. These have the accusation that the movement is amounted to over $650,000 and the merely a camouflage for the re- surplus mentioned abave was, there-vival of the anti-Japanese boycott, fore, illusory.

It is still too early to predict what effect Hong Kong's new monetary policy will have on the trade and prosperity of the Colony. It is felt that stability of exchange should în improved trading condi-

Hand in the last few months of

charges of this kind having been made in the Japanese newspapers in Shanghai.

Ignoring Japanese resent- ment, Chinese public bodies in Shanghai and other cities are proceeding with their plan to push the drive against the handling of contraband goods, the year signs of improvement were

most of which are alleged to be not lacking. But, as was written in

of Japanese origin. this report last year, "it is not to

Preparations are contemplated be expected that it will restore to for a mammoth meeting in Shang- merchants marketa lost by tariff hai, at which the participants will barriers, cheap foreign labour and swear not to buy or sell or other- subsidized competition."

wise deal in contraband-Reuter,

FORTHCOMING MARRIAGE

24

Rome, To-day. Acting on the advice of his phy-

sician-in-ordinary, Pope Pius XI has decided to cease granting audiences for the present.

Although His Holiness - ing no pain he has lost amount of weight.

suffer

ain

The Pope will rest himself 80 that during the Summer months may enjoy more leisure and cuperate himself thoroughly after. his recent illness. Trans-Ocean.

The forthcoming marriage be- tween Mr. Reo Franklin Fortune, garet Pope, of Wellington, New professor of Sociology, Lingnam Zealand, has been announced University, and Miss Eileen Mar-

take place shortly.

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