1930-03-03 — Page 9

THE SILVER SLUMP.

SERIOUS SITUATION IN SHANGHAL

RESULT OF NEW INDIAN DUTIES.

(THROUGH AKUTER'S AGENOT.]

SHANGHAI, March 1. The drop in silver in New York owing to the proposed Indian im port duty has disorganised the Exchange Market this morning,

Sterling transfers which closed yesterday afternoon at 1/10.15-16d. closed at noon at 1/10d. per taël,

The gold dollar rate dropped from 46 gold cents yesterday afternoon to 45. The market was stendier at the "close"

The tremendous drop in the valuo of the tael from 9/3d..in 1020 to the present rate of under 1/ild, especially the recent, slide resulting in ratio in the increase in prices of imported goods have necessitated foreign firms placing their staffs on a gold basis or the equivalent to enable them to meet the enpid in crease in the cost of living, which is approximately 20 per cent, in the past three months.

London Feels the Pinch.

LONDON, March 1.

There has been a heavy decline in silver spot which fell from 1/7.11-18d. to 1/71d., and forward from 1/7.9-16d. to 1/7.-18.

cords are attributed to lack of de

The rates, which are new low re- mand from India and China follow ing the news of the imposition of the Indian import duty.

HOME POLITICS.

EMPIRE PARTY'S POLICY

DENOUNCED.

EFFECT ON COLONIES.

(THROUGH BEUTSK'N 'AGENCY.]

LONDON, Feb. 28.

1930.

THE HONG KONG DAILY PRESS, MONDAY, MARCH 3, 1

M. TARDIEU'S CABINET.

NAVAL CONFERENCE DELEGATES CHOSEN.

(THROUGH RECTER'S AGENCY.]

PARIS, March 2. The Conservatives are opposed M. Tardieu completed the forma strongly to the recently formed | tion of his Cabinet in one morning.

The Cabinet is, as follow! :- United Empire Party.

M. Tardieu, Prime Minister, and

Last night Mr. Ormsby-Gore, who was Colonial Under-Secretary in the late Government, said that in no circumstances could he join the Party, or support its policy. The great Dominions were deter- mined to become industrial manu- facturing countries and were longer content to be regarded mere- ly as producers of raw materials, and they would not tolerate outside interference.

DO

As to the Colonies, he pointed out that in Ceylon, Rhodesia, Cyprus, Malta, Bermuda, the Bar- badees, Jamaica and British Hon- duras, the determination of fiscal policy reated with the unofficial members of the local legislatures, and not with the Colonial Office; but even in the more directly con trolled Colonies, there would be most dire results and reactions if, by Government action at home, the wishes of the local inhabitants were over-ridden.

Effect of Malaya.

Free trade within the Empire in the new party's sense of the term would destroy the free port of

Minister of the Interior. M. Brinad, Foreign Minister. M. Maginot, Minister of War, M. Dumesnil, Minister of Navy. M. Paul Reynaud, Minister of

Finance....

M. Pietri, Minister of the

Colonies.

M. Flandin. Minister of Com-

merce.

M. Laurent Bynac, Minister of

Aviation.

The French delegation to the Naval Conferenep consists of Monsieurs Tardieu, Briand, Dume il, Pietri, Defleurian (Ambassador at London), nod, Dekarguezec (President of the Marine Commit. tee of the Senate),

ALLEGED FORGERY

'

CASE.

JAPAN'S NAVAL DEMANDS.

FIRM ATTITUDE REPORTED WEAKENING.

WILL" "ALFONSO REMAIN?

CRITICAL SITUATION

IN-SPAIN.

SUPPORT FROM CHURCH AND ARMY..

BISHOP AND PRIEST BRITAIN'S MESSAGÓRZA

MURDERED.

BANDIT OUTRAGE IN

·NORTH RIVER.

THREE CHINESE SISTERS MISSING.

SITUATION STILL OBSCURE.

(THROUGH SKUTER'S AGENCY.]

[TERQUOR REUTER'S ACÉKOT,]

The sad news of the murder of Toxio, March 1.

MADRID, March 3.. Catholic Missionary Bishop and a Beyond intimating to the Press despatches purporting to reveal the Will King Alfonso succeed in Priest, members of the Salesian, contents of the latest American pre-keeping his throne is the question Mission in the North River District, posals to Japan, the situation is on the lips of all Spaniards, The about 70 miles north of Canton, has merly a matter of guesswork, and King's personal position has occa-been received by the Order, in Hang officials are observing extrema ré-pied the limelight since the fall of Kong.. ticence on the matter. While re- the Dictatorship, and Senor 'Quer fusing to sign, Japan's stand isra's attacks have emphasised his

wenkening.

Well, informed circles believe that greater importance is attached to the demand for seventy per cent. of eight inch cruisers and the main- tenance of the existing strength of submarines than to the seventy per it is therefore possible that Japan cent, total of auxiliary cruisers, and might be satisfied with fewer small cruisers and destroyers provided the other two claims are conceded.

t

Singapore within a year. Such a STORY OF FALSE BILLS OF chbishops of Canterbury and York

policy was impossible for British Malaya, whose trade was in rub- ber and tin, which could produce no food for itself, and must trade with all the world. The same con- sideration applied to the Gold THE INDIAN BUDGET. Coast, which provided half the

world's supply of cocon..

AFFECT ON BRITISH INTERESTS.

"INDIA COMES FIRST."

(THROUGH REUTER'S ́ADENCY.]

NEW DEL, Feb. 28. . In connection with the additional protective duty on non-British cotton goods, Sir Felix Schuster's speech showed "striking evidence that the fiscal autonomy conven- tion may become an integral part of the constitution, and even when British interests are profoundly affected by tariff changes in India the intervention of the British Government will be restricted to representation and appeal.

Sir Felix Sebuster revealed that

Editor Resigns.

The editor of the well-known political and literary weekly, the Sunday Review, Mr. Gerald Barry, has resigned, in consequence of the paper having been committed by its board of directors in support of the United. Empire Party.

The entire editorial staff and

have controllers

followed the

editer's example.

MR. LLOYD GEORGE AND RESIGNATION,

NEWSPAPER STATEMENT

REFUTED.

(THROUGH REUTER'S AGENCY.]

LONDON, Mar, 1.

"LADING.

"

Continued investigation, on the part of the detectives of Central Station resulted in the arrest last week in Shanghai of a Russian named Ionia in the French Con- cession. This man was charged in the Provisional Court next morn ing for uttering forged bills of lad- ing alleged to be valued at $80,000, which purported to cover 250 cases of bristles. It was ascertained from the manifests of various ves- sels that there was no such cargo. Several banks are alleged to have been victimized. Other arrests are expected to follow.

somewhat

3

Developments of sensational character, says the N.-C. Daily News, are likely to eventuate in the course of the next few days concerning the shipment, or rather the non-shipment, of some hundreds of cases of export pro-

RUSSIA AND RELIGION.

SPECIAL PRAYERS FOR OPPRESSED.

(THROCON REUTER'S AGENCY.] London, February 28:-The Ar-

bave asked that March 16 be ab served in all churches sa a day of prayer on behalf of those religious ly oppressed in Russia, and hope that special prayers will continue for the week following March 16. The Archbishops recall that the Pope has asked for intercessions on March 19 and understand that the Evangelical. Free Churches will ob serve March 16 as a day of prayer,

critical situation.

King Allonso's position is, how. ever, still fairly strong and he can rely on a large part of the army, the Church, which has great power in Spain, and a large part of the conservative element, while women generally are among his supporters There is no doubt that Guerra

has not said all that is in his mind. King provides an enigme regarding His hostile attitude towards the whom he proposes as a substitute. It has recently been rumoured that Don Carlos of Bourbon will suc ceed the Carlist leader Don Jaime, as pretender to the throne, as the former no longer takes any interest in politics.

Disturbances have been reported

from several parts of Spain. A number of students were arrested in Barcelona.

Senor Berenguer, the new Pre- mier, minimises the importance of Guerra's speech and declares it is the utterance of a statesman who no longer is in contact with prae tical politics.

The message states that the Rt. Rev. Mgr. Versiglia Father Cara. vario, and with three Chinese

Sisters, left Ling Kon How on the North River on Tuesday last to pay a pastoral visit to Suigin.

The party were seen by a gang of bandits to leave Ling Kon How and their boat was waylaid when they had completed about half the boat and demanded 8300, but as the distance. The gang held up the

missionaries carried no money at all, the bandits met with little

success. They then became angry and attempted to kidnap the Sisters. Determined resistance was

N

TO CHINA

KING GEORGE RECEIVES ADMIRAL TU.

MUTUAL UNDERSTANDING AND CO-OPERATION.

THROUGH REUTER & ACENCY.]

LONDON, March 2. Admiral H. K. Tu, who wai sent by the Chinese, Government to study the navies of the different.. Powers, leaves London to-day. In an interview said that a low-dayı go he had an audience with the King at Buckingham Palaco, The

King expressed the greatest inter- and China would always remain est in China and hoped that Britain'. friends.

Admiral Tu has also seen Mr. Ramsay MacDonald, who gave him a message to convey to China that between China and Britain there would always be a sympathetio understanding and co-operation in

the general advancement of Chi nese affairs.

Admiral Tu was most interested in British naval training and equip- ment, and intends to submit to the Chinese Government a comprehen-. sive programme for the gradual extension of the Chinese Navy.

REVOLT IN SANTO DOMINGO.

REBEL LEADER ELECTED PRESIDENT,

[REUTER'S AMERICAN SERVICE]

WASHINGTON, March 1. The American Minister at Santo Domingo has informed the State Department that the leaders of the revolt have reached an agreement.

put up by the bishop and priest and the whole party were set upon,' taken captive, and marched off to the mountains. The robbers before leaving robbed the other travellers of all they possessed and attempted to burn the boat. The five mission- aries were taken to a secret lair A PEACEFUL SETTLEMENT. Firm Stand by Government.

in the hills and there Bishop Ver- MADRID, March 1." The Government has issued asiglia and Father Caravario wera statement deploring the conduct of put to death.

4.5 character " "so detached

Bodies Recovered, Sanchez Guerra, whom it severely rebukes, and says that although it A Daily Press representative in does not demand the active colla-terviewed the Rt. Rev. Bishop Val- Exeter, February 22.-The Bishop boration of all public men, it does torta, of Hong Kong, and the local of Exeter, Lord William Cecil, in not admit that these can be allow Director of the Salesian Institute, letter to his diocese, says ofed to hinder the work of pacifies who said that the bodice of the two tion by instigating noisy demon-victims had been recovered and Christians in Russia:-

strations.

taken to Ling Kon How. The fate of the three Chinese Sisters is, how

Immediately in- ever, unknown. formation of the outrage reached the Catholic converts in Ling Kong How, an armed party was formed and made an attack on the bandits in the mountains, but only to find that they had arrived too late, They recovered the bodies of the murdered priest and bishop, but the gang had already left with the three

P.

Devil v. Angel,

merely materialism gone mad, but

it is degrading to England and other countries."

It also points out that the power

The Government wil, not allow anyone to attack the principle of a Constitutional Monarchy personified by the King.

NEW ATLANTIC GREYHOUND.

"I do not think there is any ex- aggeration of their sufferings. On one side there is the demoniacal in-making, the Government account- able for the actions of the Crown genuity of a naturally cruel race and on the other resignation and has now been restored, and con- patience. It is a struggle between equently there is no need to at- tack institutions which are above the Devil and the Angel. The sug-

discussion. gestion that we break off diplom tie relations would mean the with- duce from the port of Tsingtao,drawal of our representative from and supposed to be destined for Moscow, and his presence is a great Germany. Bills of lading which restraining influence. We must al have definitely been traced as for-

ways remember that Bolshevism is Mr. Lloyd George questioned re-series have been offered fer nego the British Government sent a mess.garding the statement which was tiation, and innocent partics have age to the Government of India, given prominence in the Daily News been involved as a result.

The goods in question are « 230 asking it to take account of the and Daily Express that he is con- Rerious effects of their proposals in aidering his resignation from the England effects which they felt Liberal leadership in consequence of Bure neither the Government of the Coal Bill division, said: India nor the legislature would "Whoever made that statement has

The Government of India replied no authority for doing so." that it had deep sympathy, but the interests of India must come first. They realised, however, how im- portant it was for India from a political point of view to take ac- count of British opinion; therefore, they suggested an additional duty, but the final decision lay with the Legislative Assembly.

desire to create.

Sir Felix Schuster added, that| very considerable comment was ex- pected regarding the decision, bat they welcomed the most critical scrutiny. He appealed, however, for the decision to be given in a calm, judicial spirit. Vekement Protesta from Lancashire,

LONDON, March 1. After a meeting of representatives from all sections of the Lancashire colton trade at Manchester, Mr. Herbert Lee, Chairman" of the Chamber of Commerce, mado a

GOVT. ESTIMATES.

CIVIL SERVICE AND REVENUE.

cases of bristles covered by forged bills of lading and supposed to have been shipped by the Nord- deutscher Lloy streamer Aller. Documents are made up in the name of the Eastern Underwriters of Shanghai who notified the public by advertisement that they are "in no way concerned in or responsible for the issue or negotiation of the bills of lading per .. Aller."

The matter is of such extreme im. portange to merchants, bankers, and shippers that the China Home ward Freight Conference have in-

ADVANCE OF £48,000,000.sued a warning in connection there-

(THROUGH REUTER'S AGENCY.]

LONDON, March 1. A startling advance of £48,000,000 the previous financial year's figures is shown in the Civil Ser

on

vice

and Revenue departments estimates for the coming year, which total £365,000,000.

with, and state that the cargo was not shipped as represented and that the bills of lading were not signed by the authorized agents of the Norddeutscher Lloyd.

"

Soviet Asked About Jews.

LONDON, March 1.

Washington, February, 22.-Once C.P.R'S RIVAL TO BREMEN, more acting in his unique capacity as "middle-man" between Boviet (THROUGH REUTER'S AGENCY.] Russia and the Government of the United States as a result of their lack of diplomatic contract, Sena-On May 28, Britain's new giant tor William E. Borah of Idaho, liner, the Empress of Britain, built liberal Republican and chairman for the Canadian Pacific Company, of the Senate Foreign Relations will be launched on. the Clyde It is stated that she will prove a Committee, dispatched a cable to

formidable rival of the German the Soviet Government today. re-

liner Bremen. In any case she will questing a definition of its attitude

set up a new Atlantic speed record toward American Jewish Rabbis in Moscow.

for the journey from Southampton to Quebec will be made in five days or less.

HOOVER. STRONG FOR ECONOMY.

WARNING TO PARTY

LEADERS,

Those concerned in the matter were approached by a representa- tive of the N.-C. Daily News, but

[UNITED PEESS.] declined to give any information regarding the alleged forgeries be

Washington, February 24.-Con- In the revenue departments, it is yond stating that the victimized stated that a post office increase of parties are at present in Shanghai, versation at this morning's "Pre-

reflected in £1,170,000 will be.

and that those alleged to be responsidential breakfast" at the White House followed lines laid down by increased revenue.

the guests. statement declaring that Lancashire The new expenditure in estimatessible for the fraud will be prose

cuted.

Several of those present tried to talk about the tariff and the pro-

- President Hoover waved thesa topics aside promptly, and brought out a list of proposed additional Government expenditure, saying that despite pressure for certain appropriations, unless a deficit was to be incurred there was need for cutting off certain projected ex- penditure.

interests would use every means at their command to secure the with drawal of the imposition of the inercase in the Indian duty on cot ton goods to fifteen per cent., which would be a calamity for Lancashire. It seems to give a wholly unjustified additional protection to the Bom- hay cotton industry at the cost of heavy penalties on the consumers in India.

INDIAN RAILWAY STRIKE' SETTLED.

is £29,500,000, but it is probable that the Army and Navy will show some counter balancing reductions.

ANTI-PIRACY GUARDS. FURTHER, REPRESENTATIONS TO BE MADE.

(THROUGH RENTER'S AGENCY.]

LONDON, Feb. 23.

WASHINGTON PAPERS. FOR bibition question.

AMERICA.

DORCHESTER COLLECTION SOLD TO AMERICAN COLLECTOR:

discussion, that there was no cause The President emphasized, in his for alarm but that vigorous economy is necessary for a time.

Farm Road activities will not be

London, Feb. 22-Over 20,000 manuscripts, including a number of letters written by President Washington to British officers, are In the House of Commons at contained in the Dorchester coiled- question-time to-day Mr. A. Vtion of papers which has, just been Alexander, the First Lord of the sold by the Royal Institute of (THROUGH PEUTER'S AŬENOT.]

Admiralty, stated that Mr. Ramsay Great Britain, for a large sum, to

curbed, he said, but all expendi- MacDonald recently received a com Dr. D. S. P. Rosenbach, an Ameris struck out. NEW DELHI, March 1.

ture beyond the Budget must be The atrike on the Great Indian münication in regard to the pro-

can collector of rare books, and Those present at the meal includ. Peninsular railway has been official-posal to withdraw, as from April Mr. P. H, Rosenbach.

ed leaders in the House and Senate, ly settled. The settlement provides, the armed guards from His Ma-

Dr. Rosenbach describes the do- the director of the budget, & Presi. for no victimisation of the strikers, jesty's Forces recently supplied to cuments, which contain the head- and the railway board will meet certain merchantmen plying along quarters papers of the British dential secretary and the Secretary many other demands of the railway the China Coast:

Army during the War of Independ-of the Treasury. men's federation.

ence, as the greatest collection of American papers extant.

"GANDHI'S ULTIMATUM.

SENT TO VICEROY,

{THROUGH REUTER'S AGENCY.]

AKMEDABAD, March ..

Gandhi is despatching, this even-

The proposals made in the letter were being examined and it was hoped that a reply 'would be sent shortly.

NO. U.S. TARIFF ON OIL." [REUTER'S - AMERICAN SERVIČE.]

WASHINGTON, MATCH T

ing an ultimatum to the Viceroy The Senate by 30 votes to 27 bas which is believed to be that Civil rejected the proposed tariff on oil Disobedience will begin in eight and petrol which is now on the

free list. days.

Greatly Reduced Surplus.

LATER.

It is stated that the money realiz Following to-day's White House ed from the sale will be devoted to breakfast party, officials of the

the reconstruction of the Institute, Treasury Department said this

When she is put into service early next year Canada will be brought a day and a half nearer this coun- try. With a tonnage of forty-five thousand. the liner will be 90,000 tons larger than any ship now mak ing the journey on the Saint Law

rence River.

THE INDUCTION OF MR.

C. E. HUGHES.-

CHIEF JUSTICE TO HEAR MURDER APPEAL

(UNITED PRESS.]

Sisters,

No Action by, Mission. Bishop Valtorta was asked if he

NEW YORK, March 1

A message from Santo Domingo states that Rafael Estrella Urena, a leading figure in the revolt, has been made provisional President.

American Legation's Efforta. "

WASHINGTON, Feb. 29. The State Department Has. re- ceived a despatch from the Ameri can Minister at Santo Domingo stating that an armistice has been arranged through the intervention of the American legation. It is hoped that a basis of permanent settlement will be attained..

know anything of the Note which Telegrams in Brief.

is being presented to the Chinese Government by the Italian Legation at Peping. His Lordship replied that the Mission would not associate itself with the Note, and that in spite of the tragic circumstances of the murder the Order would make na plea beyond a request to the Chi- nese authorities for protection in future. No compensation or demand for retribution would be asked by the Mission. If aution was taken by the Italian Legation, it was on their own initiative, and not at the re guest of the Order.

The bodies of the two priests will be buried at Ling Kon How, on receipt of consent from the authori: ties. His Lordship also mentioned that the news of the murder was withheld from the Press until full confirmation had been obtained and telegraphed to Italy. They had taken every precaution that the news should be broken by personal friends to the mother of the dead hishop, who is 64 years of age. Their anxiety had been leat the aged lady should sec, unexpectedly, some telegram possibly inaccurate, in a newspaper at home.

The Inte Mgr. Versiglia had spent a quarter of a century of devoted work as a Missionary in China. A gative of Milan he came to the Far East in 1905. The founder of the Salesian Institute at Macao he was also for many years its Direc- tor. When the Institute extended its work to the North River, dis-

Washington, February 23-Mr. Charles Evans. Hughes will become the eleventh Chief Justice of the U. 8. Suprme Court to-morrow, trict. Father Versiglia, as he then succeeding Mr. William Howard was went to Shinkwan. He was consecrated the first Falesian The oath of office will be admini- Bishop in China, with a diocese ex- conducted by the venerable Justice North River region, He continued stered in a brief ceremony to be tending over eleven districts in the

Oliver Wendell Holmes.

in that office for about 10 years un- til the time of his death.

Tuit.

This ceremony is to take place in the robing-room. Following its Father Caravario who was completion, the members of the native of Turin was only 25. He Court will march into the Supreme came out to China as a lay Brother Court where attorneys for James and was consecrated at Shiukwan Howard Snook, Ohio State Univers last June. One of his brothers, to ity Professor convicted of the slay.whom every sympathy will be ex- tended, is a member of the Balesian postponement of the

Institute at West Point.. ng of his paramour, will ask which is set for Thursday.

The postponement is acked in or der to allow the Supreme Court time to consider application for a review which will be filed to-mor-

TOW,

execution,

and to the endowment fund for re- afternoon that the Government sur The "Snook case" is one of the

search.

An inscription on the fly-leaf of the firat volume states that the pa pers are presented to the Institute by John Bymmous.

plus for the fiscal year ending next most notorious murder cases of re June would probably be less than cont years, Dr. Snook's victim, $100,000,000.

Miss Theora Dix, was a co-ed" at This represented a inarked de- Ohio State University. The trial crease from President Hoover's of Dr. Snook was followed through- Dr. Rosenbach declines to state. Budget catimation of last Decem-out the United States with great the price paid, but it is said that her, when it was estimated that interest, and many letters ex arround changed between Dr. Snook and the the purchase is the most valuable the surplus would be one he has ever made."

$225,000,000.

girl were read into the record.

ITALIAN MINISTER'S

ACTION.

A Reuter message from Peping, dated March 1, states that news has reached the Italian Legation of the capture and murder by brigands of Bishop Versiglia and Father Cara- vario

While awaiting confirmation of the tragic news the Italian Minister has addressed a note to the Chinese Government and informed the For- eign Office in Rome.

New Delhi, February 28-The broadcasting negotiations mention- ed on February 24, have been suc- cessfully concluded, and the Gov- crnment will April 1

assume control

on

Hanoi, February 28:-The" Cri- minal Court at Yen Bay, judging. the culprits charged in connection with the recent troubles and, mur-. ders, has sentenced thirteen to death and two to hard labour,

London, March 1:-Sir Esma

Howard, the retiring British Am- bassador at Washington, and Lady. Isabella Howard arrived in London yesterday. He stated that he had definitely retired from diplomatic. life. After knowing the United States for nearly thirty-five years, he was convinced that the feeling there towards Great Britain had during that time steadily improved. There was no longer what used to be known as the old grudge against Great Britain. It was dying away, and the settlement of the Irish quès- tion and of the British debt to America had caused a great change.

public opinion of the United States towards this country.

Rugby, February 28:-Sir Josiah Stamp, President of the London Midland and Scottish Railway, at the annual meeting in London, said that development schemes for - the railway, involving an expendi. ture of approximately £1,800,000 had been approved by the Govern would rank for a grant of interest ment. Of this amount £1,450,000

from the Government, under an act which provides for such assistanco, to utility works calculated to pro mote employment. Further schemes involving an outlay of betweep 23,000,000 and £4,000,000 were un der consideration.

Visitors to London will now, look in vain in what is called “ China town" for the mystery and glam- cur" of the Orient which once lured sightseers from all parts. Thanks to the police the opium and gambl -ing-dens which for so long-provid ed fiction-writers with their re quisite thrills, have gone. At pre- sout there are not more than a bunk dred Chinese families left in China- town and they have earned the reputation of being one of the most honest and generally well-behaved section of the East End commun