1929-10-31 — Page 7

QUESTIONS BEFORE PARLIAMENT.

MR.

THE UNEMPLOYMENT ISSUE.

- RELATIONS WITH RUSSIA.

SNOWDEN AS THE LEADER.

(THROUGH REUTER'S AGENOT.]

LONDON, Oct. 20. The House of Commons was crowded for the re-opening after the summer recess.

THE HONG KONG

CHIANG KAI SHEK IN HANKOW.

CIVIC AND MILITARY

RECEPTION.

BIG WARS COMING?

(THROUGH BEUTER'S AGENCY.]

DAILY PRESS, THURSDAY, OCTOBER 31, 1929.

THE STOCK SLUMP IN U.S.A.

EXCITING DAY IN WALL STREET.

A SWEEPING DECLINE.

(THROUGH REUTER'S ADENCY.],

NEW YORK, Oct. 23.

י

FRENCH CABINET

SURPRISE.

"M. DELADIER REFUSES OFFICE.

A NEW CABINET.

(THROUGH REUTER'S AGENCY.]ų

·FARIS, 'Oct. 30,

idea of forming a Cabinet.

M. Deladier has abandoned the

Since M. Deladier's decision, the Socialist Parliamentary group hate passed a resolution regretting the derision of the Nation Council, and re-offering Deladier their sup port. The resolution demands the convocation of a Cabinet.

Haxxow, Oct. 30. Chiang Kai Shek arrived here at transacted immediately the stock A huge volume of business WAS 4 p.m. while the Chinese gunboats the occasion for a race to see who in port roared a salute the Gener market opened in the morning. would be the first to take his scat from various civic and military alissima was greeted by delegates

Many leading stocks were down as much as ten points. At previous sessions members have bodies. His reception was some- This has been the most exciting what marred by a steady down-day in Wall Street in which there arrived as early as 5 a.mt *.pour, which considerably lessened was never witnessed an opening Mr. Philip Snowden who is net- The absence of the Prime Ministhe numbers, and dampened the the same as to-day's...) ing as leader during Mr. Ramsayter put a slight damper on the pro-ardour of crowds who had awaited

The first, half hour's business SX- MacDonald's absence, was loudlyceedings, and will continue to do his arrival since the early morning ceeded any previous full hour's Ha is still aboard the gunboat, rally. The trouble set in at eleven jen until he returns at the end of accepting greetlugs, but it is ex but was shortlived and at 19.30 A very important item at quët-1 the week. Not until then will the pected he will proceed as soon as prices corresponded to the opening. In view of the Socialist Parlia sion time was a series of questions serious business begin,, when the possible to his residence, and it

thought he will immediately open quotations or lower. relating to unemployment. Mr. Government will have to give an ne-a conference with the various mili Thomas promised a comprehensive count of its activities during the tary leaders.:** statement. There will be opportu- | three months of its reign, and when nity for discussion early next week, several problems, both international and domestic, will have to be dis Questions Before the House.

cussed, [BRITISH WIRELESS SERVICE]

LONDON, Oct. 29.

cheered.

A long list of questions were down to be answered when Parlia- ment re-assembled to-day..

"

The most important of them being addressed to the Right Hon. Mr. J. H. Thomas, the Lord Privy Seal and Minister of Unemployment.

Mr. Thomse was invited to make a series of statements concerning the progress made with schemes to relieve umemployment

REVISION OF TELEGRAPH CONTRACTS.

SPECIAL COMMITTEE

Give Labour a Chance,

APPOINTED. Neither the Conservative nor the Liberal party has yet announced a

(THROUGH REUTER'S AGENCY.] definita palier for this session, butje

NANXING, Oct. 30. there is a general inclination to

The report is officially confirmed give the Labour party a chance to that the Ministry of Communica show its mettic. This is more atieas will shortly appoint a special desire to be chivalrous, for both and wireless contracts with foreign matter of commonsense than any committee for the revision of cable Opposition parties fect that noth corporations. A representative of ing could be more inopportune at the Ministry of Communications the present time than an attack on will be the chairman of the com the Government, whose popularity mittee and the representatives of would probably bring it a working the Finance Ministry and Foreign majority, should the Opposition be Ministry will be the vice-chairmez. rash enough to force another gen- oral election

Unemployment festes. " Answering them in bulk, Mr. Thomas said it was proposed, that "the vote for his salary should be put down carly next week in order to give an opportunity for a full discussion on the subject. He would then make a comprehensive state- - ment. He added' that he was more

that gratified with the respontoment claims to have done more in which he had received from various three months than the Conserva employers of labour "to his request tives did in four years.

for assistance.

This is particularly true of the Donald has the perfect answer to Conservatives, since Mr. Mac

their attacks in that his Govern

CANADA AND CHINA.

DELEGATION APPOINTED FOR INSPECTION,

THROUGH REUTEL'S AGENUY.)

One hour later a sharp upward turn in United States Steel, Inllied 171 to 186, and General Electrics took a turn from 914 to 244. Mor- gans announced that many leading Esaks informed their customers that they would presently require maintenance only of 25 per cent, margin on their loans, ga

.

The closing accounts were not settled, although there was a feel. ing that better prices were in many cases higher than carlier and that the extreme low levels on the rebound were reached impressiva proportions in the last hour,

11

Uncertainin

PARIS, Oct. 30.

mentary group's offer of support M. Deladier has resumed the for mation of a Cabinet.

Final Decision,

PENANG'S "LEAN TIMES."

CHAMBER OF COMMERCE & PORT DEVELOPMENT.

· BAGAN LUAR SCHEME A "COSTLY VISION,"*"

Penang, Oct. 22÷-" We" are pas sing through lean and auxious times. With our staple products, | tin and rubber, both in the dold rums, trade generally has been at- tended with much difficulty and at best the results cannot have shown much more than meagre profits all round," said the Hon. J. M. Milne to-day, presiding at the half-yearly meeting of the Chamber of Com-

merce. ";

AMERICAN VESSEL

SUNK.

EXCITING RESCUE SCENE,

THE MARINE TRADITION.

(THROUGH REUTER'S 'AGENCY.]

LONDON, Oct. 30. The P. O. Company have de- clared a final dividend of 7 per cent, free of tax, making a 12 per cent, dividend for theyear.

GOLD DEPOSITS IN MID-

·SUMATRA.

EXPLORER'S VERITABLE ELDORADO 1

Medan. A sensational advertise Continuing his resume, Mr. Milment in ons of the Dutch news: ne said: "Rubber, în volume, has papera from Holland hints at the exceeded our expectations, but for- existence of rich gold deposits in. Sumatra. The author is a well- tunately, there has been a satisfac-known explorer. He states that he

M. Deladier has defnitely abattery increase in consumption, and has at last succeeded in discovering doned the idea of forming a if prices can hardly be said to be the place where enormously rich. Cabinet It is stated that the

gold deposits are to be found. at a reasonably profitable level, we support - which he reckoned on is

The great productivity of Suma- a certainty was made subject to.

are at least taking the strain of | tra's mines vas the reason why the political conditions which made it the period of adjustrient somewhat useless to continue.

more easily than was at one time anticipated.

M.

Briand.

PARIS, Oct. 30, Doumergue summoned 1

A later report says that the Radical, Senator Clementel, has accepted President Doumergue's mandate to form a Cabinet.

M. Briand, upon leaving the Eigsec, explained that he was merely discussing the situation with M. Doumergue.

At the finish the United States can Telephones and Telegraph 28. Steel was down 12, and the Ameri. American and Foreign Power were down 92. The day's sales new record over

Fresh Offer of Support. registered a 1,000,000 shares,

A ray of sunshine appeared in a

PARIS, Oct. 30, statement by the Superintendent Since M. Deladler's decision the of Insurance of New York State Socialist Parliamentary group bu who felt that it is justified in reed a resolution regretting the dec- commending that the insurance sion of the National Council, and companies substantially invest their re-offering Deladier their support loading stocks at present prices.

Montreal Collapse.

оп transactions

the

MONTREAL, Oct. 30. Reflecting the situation on the New York markets, Montreal and MONTREAL, Oct. 29.

other Canadian exchanges were The Executive Committee of the rocked by wildest storm of liquida. Canadian Chambers of Commerce tion for many years.

Today's have decided to send a representa session's proceedings There is the tive delegation of Canadian husi. Anglo-American Agreement and the Five-Power Conference to be disces men to Japan and China in cussed.

1030 with a view to the develop Judging from the CONT mente made by prominent members ment of Canadian trade with the

Orient. of the Oppositica, these discussions will be altogether harmonious

International. Problems. Asked what progress had been

International problems will pro- made in the promotion of schemes for the electrification of the rail-cide major interest in the autumn ways, Mr. Thomas said it was be cause so much had been done that he wished to make a full statement next week.

Me. Ben Turner, the Secretary for Mines, announced, that the Government hoped to make a state meat on Thursday of their pro- poenis for the reduction of the hours of work in the mines.

•

הת

Relations With Exasia. Mr. Arthur Henderson, the For- eign Secretary, staled that opportunity for discussion of the Protocol providing for the resump tion of diplomatic relations with Russia, would be given at an carly date.

Mr. Gillett, for the Board of Trade, said that under the exports eredits guarantee scheme, six con tracts of a total taco value of £136,220 had been entered into with exporters in this country in respect of exports to Russia The goods coal, machinery, and textiles, and the percentage of the risk accepted by the department was sixty per

cert,

The optional clause of The Hague Court, and the Finnish project for francia nesistance for States, which are victims of aggression. both of which Britain has accepted, are likely to provide more "coa- troversy. Certain sections of Par- liament present the problem as to

PIONEER'S DEATH.

SIR JOSEPH ROBINSON.

{THROUGH LEUTER'S AGENCY.]

CAPE TOWN, Oct. 30,

GERMAN TEXTILE

what would happen should the The death is annnounced from Irish Free State, who has signed Cape Town of Sir Joseph Robinson, the clauso

without reservations, a pioneer in the South African dimuted CAITY A

with diamond goldfields. point Britain, to The Hague Court, whose Judges would then be called upon to decide in a matter of practically domestic virtue. The chief objection to the Finnish pro ject is that Britain. by reason of being the largest contributor to the League of Nations funds, would also be the largest contributor to the international war chest pro- posed in the project Opponents of

FIRM.

TO CARRY ON BUSINESS.

[THROWGH REUTER'S AGENCY.]

BERLIN, Oct. 30.

Was

the project will argue that the At a meeting of the creditors of Mr. W. Luna, the Under-Seure. British taxpayer's burden is al-the Gebrueder Zoeppritz, it tary for the Colonies, preferred to ready big enough without the agreed to carry on business, as a Palestine pending the report of there is a rumour that the Opposi-the total debts are realisable for the inquiry, now being held into sterling annually which acceptance the distribution of creditors. the recent disorders. He said the of the project involves,

The liabilities are stated to be

Montreal market totalling half a million shares constituted a record and there has also been a record loss on paper values, the sum total for a week running to a million dollars.

P

Indications at the gloss, however, were that the bottom had been reached and stocks are now gener- ally held in stronger hands than bolders on margin who had been forced to unload.

Tickers Out-Paced.

NEW YORK: Oct, 21.. A sweeping declino it stocks to day put the New York market in a turmoil, owing to the irresistible tide of liquidation by hear selling of all stocks.enched 6,010,5:0

The ales spares, the largest figu:e since the record of 8,246.742 shares on March 23 this year. More than one half of the volume was traded in, two hours during the morning.

The resolution demands a vocation on December 95 at a party Congress. to decide the question of. participation of the Cabinet.

DEFECT IN THE R.101.

RESUMING TRIALS

SHORTLY.

[THEOUGH REUTER'S ADENCY.]

PARIS, Oct. 30. The defect in the starting en- gine of the airship R.101" has now been remedied and the airship will resume her trial sat the earliet favourable opportunity. She may leave her shed early to-morrow morning.

AMERICAN STEAMER

SINKS.

EXCITING SCENES.

[ERUTER'S AMERICAN SERVICE]

"Tin a round about £200 atqu appears to be a poor proposition, but the diminishing ratio of Chin- ese to European production may have to give way still further to the steadily increasing efficiency of the expensively-equipped dredge, and it gives food for reflection that in the main, a soundly-capitalised, well-equipped, properly-run dredg- ing proposition can make a fair showing with tin at £200 a ton..

island in ancient times had the local. those times the gold appeared on name of the "Gold Land." In

the surface and its collection was an immense source of wealth. The exploitation of the gold was very easy.

The deeper deposits, the writer of the article states, remain untouched and they are possibly much richer than the surface deposits. It seems that the explorer knows the exact position of the gold i

It sounds incredible, but the editors of one of the Dutch-Indian newspapers have declared that they Piece Goods Business,

know the explorer to be a reliable and sound man, a professional "Piece goods business generally,man who for years has made his ex- continued on a very moderate scale.. now during the period under review, plorations in mid-Sumatra. He is looking for the necessary "The total value of imports, ex- capital to develop the gold deposits cluding coin and bullion, WAI If his story proves true there 880,118,975 for the half year, as may be shortly established in mid- compared with 874,840,379 for the Sumatra a veritable Eldorado.-. corresponding period of 1928, an Straits Times, increase of approximately 7 per cent. The total value of exports, excluding coin and bullion," from January to June was £101,832,499, as against 892,287,200 for the first half of 1027. This increase of over 10 per cent. is practically wholly due to increased rubber shipments, the total export value of tin having remained the same despite the cop- siderable increase in quantity ac- tually shipped.

ART SALE THAT COST A LIFE.

BREAK-UP OF FAMOUS COLLECTION.

An art sale that cost a man's life. is to take place in Berlin. Shipping Figures.

It will break

famous and cleared during the half year textile arms in Germany. Art con- "The number of vessels entered lection of Dr. Eduard Simou, who was the head of one of the leading year was 3,654 with an aggregate naisseurs and buyers from all over net registered tonnage of 8,537,788, the world are expected to be pre- as against 3,474, with a tonnage of sent to see the treasures of such 6,334,016 for the corresponding period of 1928. The exports of tin artists as Donatello, Riccio, Pisa- from Penang to the United King- Reynolds, Gainsborough, and Rom- nello, Botticelli, Jan Gossaert, dom and the United States during

ney come under the hammer: the six months under review amounted to 27,354 tons, as against.

Tragic Discovery. 24,810 tons for the corresponding period of 1928.

"The total export igures, ahoy 28,178 tons and 25,640 tons respec tively, but notwithstanding this increase of 2,538 tons, the value at approximately 852,500,000 remains practically the same as for the first half of 1828.

The tragedy of Dr. Simon is told in the Bazaar. Ho auffered severe post-war financial losses, and was forced this year to order the sale of the treasures,, which had taken him so many years, to collect,

The tickers were swamped and

KENOSHA, WEE, Oct. 30. trailed.

Over D hour behind Sixty passengers and members of throughout the day. The bankers' the crew had an exciting rescie failure to support the market dur. from the steamer Wisconsin, ing the forencon made the situs which sank in Lake Michigan, four tion worse, sending only active miles off hero in a heavy storm. stocks to 55 poinu bëlow the recent Boat loads were rescued and

somewhat rallied in the last hour jured and some unconscious. with the arrival of the bankers The captain remained aboard and support.

went down with a score of his Colonial Office was prepared to Lastly, internationally speaking, ten million marks, and the assets The sales of stocks on the Curb mates. His body was picked up consider the proposal that a con- tion may make trouble over the three million.

Exchange also set a new record of later by coastguards. Some of the ference should be called of repre-situation in the Near East, par-

3.715,400 shares against the pre-passengers are still missing. zentatives of the Arab and Jewish ticularly the Anglo---Egyptian

vious record of 3,584,700 shares on

·LSTER' leaders with a view to reaching a treaty and the recent fighting in

July 25 this year.—Osaka Mainichi. Nine persons of the steamer Bottlement.

Wisconsin are dead, four are missing, and 19 have been sent to hospital..

defer any general statement on addition of the several millionsiminimum quota of 30 per cent. of highest figure, but the market taken to Milwaukee, some being in Luar scheme, as they were aware,of seeing his collection broken up

The Minister of Agriculture an nounced that grants from the De velopment Fund in aid of further improvements. of fishing harbours, amounting to £30,750 had recently been sanctioned,

Palestine.

Yet in all these things both the Conservatives and the Liberals will zeek rather to sling mud at the Government and dim its present brilliance, than to cause it to fall.

The Unemployment Problem.

The Coal Question.

Other items.to be discussed ane

BIG JOB FOR EXPERT

COMMISSION.

are the coal marketing scheme and miners hours. The rst entails NOISY NEW YORK, parts of the country so as to pre- limiting the output of mines in all

rent "the supply exceeding the de- Land and thereby regulating The House proceeded with the

prices. The Government, hopes to second reading of the Coast Pro-

In domestic issues, unemployment obtain powers to force those miner tection Bill which is designed to stands out as the Government's which are not already within the co-ordinate the work of local thorniest problem. This is one scheme to submit to this rationaliza authorities in dealing with coast thing in which the opposition claim tion. perosion.

the Government has not kept its There is a prospect that the Mr. William Graham, the Pre-election promises. Nothing, they Opposition will oppose the scheme sident of the Board of Trade, in- any, has yet been done to alleviate on the grounds of interference with troducing the Bill mentioned that the situation.

liberty of action:

AN OUTSIDE VIEW

[United, Presi.]

New York, October 21.-With a view to making New York, which is the noisiert city on earth, less noisy, healthier and more tranquil, the City authorities yesterday ag pointed a Noise Commission, com posed of seven specialists, which is the first one of its kind ever organized.

The Commission will endeavour to find means by which it hopes to prevent such noises as loud speak

if

MAILS LOST:

"CITY OF ROME

ECHO.

[OLITISH WIRELESS SERVICE]

RUQET, Oct. 90,

to announce that as a result of The Postmaster General regrete the wreck of the Imperial Airways aeroplane, City of Rome, in the Gulf of Genoa, the whole of the Indian air mail which left Karachi on October 20 and the mails which left Basra and Baghad on October ers, unreasonable playing "of musi 22 and Gaze and Alexandria os cal instruments, noisy subway October 23, are believed to has turnstiles, noisy handling of mille | been destroyed. cans and ash cans, acreeching ap- plication of automobile, brakes, rivetting at ungodly hours, and many other, necessary noises.

Dr. Shirley Wynn, City's Health Commissioner has outlined the new Commission's work, (1) to revise the existing City ordinances, (2) scientific claazification of noirea,

"Then, on Saturday, August 30," says the Bazaar," the startling discovery was made tha: Dr. Simon" Port Development.

had committed suicide at his man sion in Victorinatrasse, Berlin," Referring to port developments, According to Mr. Milne said that the Bagan source, it was probably the idea a reliable French

provided for a deep water wharf which preyed on his mind and age at Bagan Luar on the assump brought about his decision to end money on the Island could not be tion that spending of further his life by his own hand. justified, owing to the very definite fore now

There have been, collectors be- who have been heart- limit set to wharf expansion on broken at having to part with their this side, Magnificent conception treasures. though it might be the committee "Many, refuse to attend their felt this was too costly and the Beanies so as to avoid the agony of gan Luar scheme must be treated mind it would cause them. Some as a vision which anight some day have bought in all the lots by join- materialise when the population ang in and trade in these parts was much afterwards relieving their financial the bidding themselves. greater that now.

atress by other means. And there

He (the speaker), thought that was at least one collector who where the Bagan Luar schema fail. allowed his collection to be dis ed at present was in the compara persed and laboriously brought it tively small amount of their local together again by buying it back. trade, only some 180,000 tons per from all the dealers and collectors annum being transported by rail. into whose hands it had passed.” The bulk of their commerce was

for just as satisfactorily and econo- water distribution could be cared distributed by water, and such

mically on the Island side where their commitment already were as pa the mainland side, where fresh commitments at heavy cost would have to be undertaken.

He did not think it was sufici- ently realised that Prai wharves even if they had been technically success in respect of the main- tenance of floation depth, would not have justified themselves as an economic proposition, at any rate for many years to come. This, he thought was sufficient answer to Bagan Luar

CLUB DEFEATS THE

ARMY

YESTERDAY'S RUGGER.

The Rugby game between the Club and the Army resulted fa an overwhelming victory for the former side, the final scores being 20-4

form shown by the Club men pro

The game was very fast and the mises a good season for them.

it would faclitate grants by the Then again the Government is Miners' hours formed one of the Development Commisioners for likely to be divided within itself Labour promise during the election Works, which are at present im on this matter. Mr. MacDonald campaign. The Labour Party bound practicable and it would thus help hopes to present the labour schemes itself to repeal, the Eight Hours to relieve unemployment.

for unemployment insurance this Act, and the miners construed this Bession This, briefly, would mean as a pledge to revert to the seven- an increase in the “dole" and, in hour dayy Now the Government's the nature of things, an increase mining legislation has revealed in the recipients thereof. On the that there is no plan to return to other hand, Mr. J. H. Thomas, the seven-hour day, since the whole Lord. Prity Seal, and unofficial, coal situation is in such a stato Minister for Unemployment, has that any such step is likely to equse

ARRESTS IN RIGA. Losnix, Oct. £1, returned from a tour of Canada an upheaval or uncertainty which All will be quiet on the political with a scheme for diminishing un-would lead to the loss of contracts.

{THROUGH REUTER'S 'AGENCY.] front during the cession of Parlin employment Political quarters are The Opposition is likely to pro ment which opened todayM

wagering that Thomas's schome will sent some awkward questions for

Rio, Oct. 30. clash with MacDonald's unemploy the Government to answer on this

Three members of the Church Members quietly slipped into

ment insurancet

matter

(3) to study, the effects of noises on Council of the Kimry (Moscow) their seate secure in the knowledge

The second part of the Finance human beings, (4) scientific research were sentenced to death and their that from now until a few days bo- Mr. Winston Churchill, former fore Christmas, nothing is likely Chancellor of the Exchequer, and Bill, originated by Mr. Wintton in noise throughout the world, (D) property confiscated and other tion on barrier to reclamation de to disturb unduly the peacefulness Mr. L. 8. Amery, former Colonial Churchill, is to come up at this to see what can be done in regard were, sentenced from 4 to 10 year. velopment, he thought it might be wealth Bank of Australia an.. of their discussions. foss Minister, are expected to lead the session Title discussion is ex-to sound absorbing in the construe imprisonment on the charged as well to pause and reflect that hounced that he arranged with Opposition in the discussions, if pected for the Chuncellor of the tion of buildings bringing the churchbelle to warn the if they did not conserve their the Bank of England to whip The pomp, and circumstance of s only, because of their visit to Exchequer, Mr. Snowden, has al-

It is anticipated that the new parishioners of the arrival of the birthright of Wold Quay, its to England £4,000,000 80s i State opening were absent from Canada and the knowledge of ready indicated that he contem. Commission's work will bring about Communists to seize church and gathering ills might eventually will be availible in London at the to-day's proceedings, for Parlia Thomas's plans they are supposed. Bill, except that be expects to lose known, regarding the noise prob. The parishioners drove off the before such a course could be justi wae in the best interest of Aus- plates little or no change in the many developments, beretofore na- convert it to a club. Towel Baforce them to the mainland long end of the year. He added that it ment merely resumed its session to have gleaned there. adjourned for the summer vacation.

about £1,000,000 in small waces lot, setting an example for the Communists whereupon seventees fied by the volume of their trade tralia, to help to relieve the short- Many members, however, made it (Continued at foot of next column), tions to the publicans.

whole nation to follow.

Straits Times.

áge in London.

were arrested.

Eleven Arabs were sentenced to Referring to Weld Quay, the fifteen years hard labour, ons to chairman said there must be no

ten years, another to seven years, balting now and should "foreshore connection with the recent dis rights tend to raise an obstreeturbances at Baled...

The Chairman of the Common