1931-01-07 — Page 9

TIENTSIN TAXES STILL LEVIED.

PROTEST TO THE CHAMBER OF COMMERCE.

(THROUGH REUYER'S AGENCY.]

Terring, Jan. 6. The Tientsin vernacular paper

Ta Kung Pao states that with the exception of the parcel post all local taxes in the nature of likin in and around Tientsin are still being levied, and many merchants have had their goods held owing to their not having paid such taxes.

A number of business men went to the Chamber of Counierce and

ILLEGAL TAXES IN

NORTH CHINA.

CHANG · HSLEH LIANG DISPELS RUMOUR,

(THROUGH REUTER'S ADRNOV ],

NANEING, Jan. 6.

The National Government has

received a telegram from Chang Hauch Liang stating that all illegal taxes in North China similar to likin would be abolished, thus de finitely ending the rumour that the abolition in North China would be delayed.

The Government hitherto has received telegrams promising the

HONG KONG DAILY PRESS, WEDNESDAY, JANUARY 7, 1931.

JAPAN'S ECONOMIC

POSITION.

FINANCE MINISTER

OPTIMISTIC.

Eminovan REUTER'S AGENOY 】

TOKYO, Jan. 6.

At this morning's meeting of the Cabinet, which is the first to be held this year, the Finance Minister is understood to have expressed an optimistic view regarding the pros. pects of an economic recovery in the no distant futuro.

JAPAN'S FOREIGN

TRADE.

ADVERSE BALANCE OF 76,000,000. YEN

Izakovan REUTER'S AGENOK.]

Tokyo, Jan, a The trade depression, which is hitting Japan the same as other countries is clearly reflected in the official returns of foreign trade for the past pear, which has been just released for publication. Ak

Exports were Yen 1,400,000,00 Market conditions throughout the and imports Yen 1,040,000,000, show country, he stated, were more brisking an adverso balance of Yen over the end of the year, and the 70,000,000 compared with the pre- various textile contres had increas- vIOUR year's exports of Yen

TYPHOON TOLL IN PHILIPPINES.

STORM SWEEPS VISAYAN ISLANDS.

(THROUGH NEUTER'S AGENCY.]

SINKING OF S.S. TRICOLOR.

MARINE INSURANCE MARKET HIT HEAVILY.

(THONDON REUTER'S AGENCY.)

MANILA, Jan. 0. Eighty-two persons are known to be dead and many more are report ed to be missing, as a result of a severe typhoon, which swept the Visayan Islands, somo 200 miles to the south of Manila on Saturday.

Ten steamers and motor-bonta were wrecked in the storm and over

She was a 6,000-ton vessel regio small aniling boats were lost." Leyte, Cebu and Nogros were the tered at Tonsborg.

It is understood that the London Provinces most severely hit, and marine insurance market, will loso may be gathered from the fact that the damage to property alone on the hull, as a result of the is estimated at Peson 500,000. sinking of the ship.

Details of the sinking are scanty Colombo reports state that the

BRITAIN'S COAL INDUSTRY

SERIOUS NATIONAL DEVE- LOPMENT POSSIBLE.

(THROUGH BEUTER'S AGENCY.]

་

LONDON, Jan. 8. ment to take action. If they don't "We are looking to the Govern it is their funeral, declared M

LONDON, Jan, 0. According to the Daily Telegraph, the Norwegian steamer Tricolor, which was yesterday reported in. J. Cook, prior to the confer a message from Columbo to have once of afficinis of the South Wales sunk as the result of an explosion, Graham and Mr. T. Shinwall, at Miners Federation, with Mr, W.

was carrying arms and ammunition the Board of Trade, adding that a to China.

serious national development is possible unless the South Wales dis- puto is soon sottied.

At the conclusion of the confer once it was officially announced that representatives of the South Wales London to-morrow to meet Mr. Graham and Mr. Shinwell, with a view to submitting a full report to the Cabinet,**

complained of the above, and the abolition of likin this year from ed their output by about 20 per 2,149,000,000, and imports of Yen the total lenses are enormous, at least £300,000, including £110,000 coul owners had been invited to

matter is now being investigated.

ENGLAND-PEIPING

FLIGHT.

RESUMPTION OF ATTEMPT NOT YET POSSIBLE.

(THROUGH REUTER'S AGENCY.)

Warsaw, Jan, B. Miss Amy Johnson's monoplane is being brought here for repair, following the mishap when she was forced to land 00 miles from here.

the provinces of Anhui, Chekiang, Honnn, Hunan, Hupch, Kaneu, Kinngsi, Shantung and Shensi.

ITALIAN TRANS ATLANTIC FLIGHT.

SEAPLANE SQUADRON DEPARTS FOR BRAZIL.

··(THROUGH REUTER'S AGENCY.]

Rowe, Jan. 6. General Balbo's squadron of 12

has

from departed seaplanes Bolama, in Portuguese .Guinea, for Natal, Brazil. LATER.

The engine and wing of the mono- platic are damaged, so that are sumption of her flight to Peiping is at present impossible:

It now transpires that Miss Amy -Johnson experienced fog throughout the whole of her flight from Berlin, and was unable to find Warsaw. Sho decided to land in A

snow-

Squadron Reports All Well."

ROME, Jan. 6.

!

It is officially announced that General Balho'a air squadron of 19 machines which left Bolama on á 1,000 mile hop at 2 o'clock G.M.T.. had covered one-fifth of the dis

cente

The Finance Minister was quoted as having intimated that little con cern was being felt regarding the outflow of gold specic, and assuring that the present depression would not cause the Govertiment to deflect from its conrae.

ROYAL FAMILY'S BEREAVEMENT.

PUBLIC FUNCTIONS

CANCELLED.

(THROUGH REUTEN'S, AGENCY.}:

LONDON, Jan. 5. Flags were flown at half-mast in London to day out of respect to the Princess Royal, who will probably bo buried at Frogmore during the .week-end.

Their Majesties will presently travel thither from Sandringham, where they are now in residence;

Their Majesties have received incesa-ges of condolence from all

2,210,000,000,

The figures show the smallest aggregato value since 1917, except in the slump after the war in the year 1981, thoigh some consolation is to be derived from the fact that the adverse balatice is the smallest, except in the previous years, sinoć 1919.

Moreover, owing to the fall in prices, the actual volume of foreign trade has not shrunk as much as the value appears to indicate,

BANK FAILURES IN

AMERICA.

INQUIRY INTO BANK OF UNITED STATES.

[REUTER'S AMERICAN SERVICE]

Hundreds of homes have been demolished, bridges have been ear, ried clean, away and ronds and crops have been destroyed.

Nagros, which has suffered very severely, is the richest sugar region in the Philippine Islands..

MARSHAL JOFFRE LYING-IN-STATE.

FIFTY THOUSAND FILE PAST CATAFALQUE.

[THROUGH REUTER'S AGENCY.]

Panto, Jan. 3 There were moving scenes to-day in the Chapel d'Ecole de Guerre, where the remains of Marshal Joffre are lying in stato.

The Chapel wng decked in black

NEW YORK, Jan, 5. Bank of United States is being" The sensational failure of the made the subject of a special in- and silver hangings, regimental tigation being opened to-day. quiry by a Grand Jury, the inves-flags, and a huge silver cross.

Marshal. Joffre lay on a enmp The affair, it is reported, is Led covered with the tricolour, fraught with possibilities of far-wearing his undress uniform of reaching scandals.

1914, a long blue cloak covering the The liabilities of the concerntare lower part of his body. His emaci depositors included numerous of the of his sword. less wealthy residents of New York's ghetto.

origin of the explosion, which oc curred a few hours after the ship left Colombo, is unknown, but it few minutes after the explosion. is believed that the vessel sank a

Of the 12 people on board, one is missing, the survivors being taken off by the Alessageries Maritimes 8.8. Porthos.

Lat of the Missing.

SHANGHAI, Jan. 0. The agents of the Norwegian steamer Tricolor have received a telegram from Colombo stating that the Porthos picked up 42 survivors of the Tricolor,

The missing are Captain Wald, the third officer Holst, one motor- man, one sailor and one passenger named Doxrud.

Crowds Saw Dramatic Spectacle.

COLOMSO, Jan. 6, dramatic spectacle of the Tricolor Crowds of people ashore saw the four miles out suddenly emit a sheet of flame after which the ves sel was enveloped in dense smoke, which became anally dissipate a terrific explosion, the suddendess of 'which did not give the crew time

The Forthos, which was nearby, picked up the survivors from the

covered field at Amlin, which was apparently smooth. There was an uneven surface, however, concealed beneath the snow, and as a result the monoplate capsized, breaking the propellor, a wing and the undèr., tance to Natal at 5 o'clock G.M.T. Í functions in London have been can- estimated at £40,000,000 and the ated hands rested on the gold hileto take to the boats,

carriage.

Flight May Be Abandoned,

Miss Johnson received hospitality from an old priest, and subsequent- ly she was take to Warsaw by

Mantor-ear,

It is believed here that she may be persuaded to abandon her flight, as the weather conditions in Russia "ate reported to be very bad.

CHINESE ATTITUDE TOWARDS FOREIGNERS..

SPECIAL COMMISSIONER

TOURING SCOTLAND, · ́

{THROUGH REUTER'S AGENCY:]

LONDON, Jan. 6. Dr. C. Kuangson Young, the Special Commissioner of the Chi- nese Foreign Office, is now in Scot- and addressing public societies on the National Government's record and the Chinese attitude towards foreigners.

FILM STAR ARRESTED. VIOLATION OF STATE

POISONS ACT...

reporting that all was well,

H.M.S. LUCIA

“ MUTINY.”

MEN REFUSE TO PARADE

FOR DUTY.

L

(THROUGH REUTER'S AGENCY.]

LONDON, Jan. 5. The Admiralty states that the weather delayed the undecking of H.M.8. depot ship Lucia, leaving her only a very short period in which to prepare to join the Atlan- tic Fleet.

This precluded week-end leave and necessitated the crew working on Sunday morning on January 4

Thirty scamen shut themselves in below when ordered to parado on deck for duty.

The men

were arrested, and a Court of Inquiry is being held privately.

If a Court-Martial results, this would be made public...

No Charge to be Made. The fact that although sub. [THROUGH REUTER'S AGENCY.] marines will accompany the Atlan- tic Fleet ships on their cruises, the SAN DIEGO, Jan, 0. personnel of the former will not The film stor, Alma Rubens, has get so much Christmas leave as the beca arrested on the charge of Atlantic Flert men, and this, it is violating the State Poisons Act, believed, underlies the trouble on

The police allege that they dis-the depot ship Lucia, overed $5,000 worth of drugs in the Mr. A. V. Alexander, First Sea lining of an evening cloak in her Lord, who is on holiday on the South Coast, told an interviewer that the matter was not of sufficient importance to demand immediate official action by him. It would be dealt with in accordance with the asual Service procedure

Toom.

Almas Ruben declares that who is the victim of a "frame-up."

· U.S: LIBERTY BOND LAW.

NEW ISSUE FOR REFINANCING OPERATIONS,

(RETTER'B AMERICAN SERVICE.]

WASHINGTON, Jan. 6. Mr. Mellon, Secretary of the Treasury, asked Congress to pass an amendment to the Second Laborty Bond Law authorising the inue of 8,000,000,000 dollars worth of bonds for re-financing the opera tions during the next three years..

U.S. ALIEN DEPORTA TION LAWS.

LABOUR SECRETARY'S RECOMMENDATION."

[RELTER'A AMERICAN BERTICE}.

WASHINGTON, Jan. 6.

|

Parts of the world, including one from. President you Hindenburg.

Several official and other public

celled or postponed.

(BRITISH WIRELESS SERVICE}:

Prince of Wales to Bail

Roar, Jan. 5. The funeral of the Princess Royal, it is understood, will take place at Frogmore, Windsor

Four officers with drawn swords atood at the corners of the cata falque.

water.

The P. & O. steamer Faldera The queue at midday awaiting arrived later, but unsuccessfully entrance to the Chapel was cat-searched for more survivors. mated at 10,000,

The Attorney-General announced, at the opening of the inquiry, that there had been a lot of innuendoes against the directors of the Bank. I had also been naked how the Many wounded ex-Service men It is expected that the King and State Banks Superintendent had sobbed as they saluted the dead

"Bank of Marshal.00 Queen will go to Windsor directly allowed the title from Sandringham. As announc- United States which was calculat ed the Court will go into mourning ed to mislead the simple-minded for six wooks, and many oficial into believing that it was a Govern and public functions and enter- ment concern. tainments have been cancelled or The Directors attribute the postponed.

trouble to Communists and say that anonymous warnings, to depositors to withdraw their money wore tex phoned all over New York im mediately before the collapse.

It is learned that there will be alteration in the arrangements for the Prince of Wales South American tour, for which he sails from Liverpool on January 15.

ALL-INDIA CONGRESS

PRESIDENT SENTENCED.

NINE MONTHS SIMPLE

IMPRISONMENT.

(THROUGH, REUTER'S AGENDE )

BOMBAY, Jan. 8

Talabhai Patel, the acting Presi- dent of the All-India Congress, who was arrested at Allahabad on Dec. 6, for delivering a speech within the limits of Ahmedabad, was sen- tenced to nine months' simple..im- prisonment.

Gandhi's Son Sentenced,

SUBAT, Jan. 8. Gandhi's son, Ramdas Gandhi, was sentenced to six

months rigorous imprisonment.

Congress Organisations Declared Unlawful

KARACHI, Jan. 6. All Congress organisations in Karachi have been declared unlans ful.

The Court of Inquiry now taking evidence, under the Presidency of The police at midnight raided 13 Captain Horton, of the Resolution, premiets and seized, overything. will probably sit for some time.. The three Congress organisations The Admiralty states that noin Hyderabad have also been, de- charge so far has been made againstclared unlawful. anyone.

OBITUARY.

SIR CHARLES - ROYDS.

(BEITEN WIRELESS SERVICE}

RUGBY, Jan: 6.

SINO-BURMESE RIOTING,

RESTORATION, OF PEACE PROCLAIMED.

'{THROUGH REUTER'S AGENCY.}",

Rangoon, Jan...5.

The Bank of United States was to have been one of the parties. to a $1,000,000,000 bank merger, the negotiations for which broke down at the last minute.

.

New York Governor's Advice.

New York, Jan. 6. Governor Roosevelt has urged the District Attorney to prosecute any. body suspected of violation of the law in connection with the failure

of a bank in the United States.

HISTORY OF THE FAILURE.

PROFOUND IMPRESSION IN

UNITED STATES..

Vast Crowds File Past, fried past Marshal Joffre's body.

It is estimated that 50,000 people Madame Joffre sat for an hour on the balcony overlooking the catafalque, almost unnoticed by the crowd.

London's Civic Representatives at

Fumeral,

LONDON, Jan. 0. The Lord Mayor of the City sof London, accompanied by the She riffs, Sword Bearer, Mace Bearer and City Marshal, has proceeded to Paris to attend Marshal Joffre's funeral in state.

began selling certificates represent

ing the combined shares of the Bank of United States and the last, two depositors brought suits Bankus Corporation. In November

they had been guaranteed by the in a municipal court alleging that

manager of one of the bank's bran thes that the bank would repur The Bank of United States at 535, chase at any time within a year, Fifth Avenue, and its 50 branches, without loss to them, shares for which are all in this city, was which they paid $198 each. Many closed on December 11 by the State other depositors made a similar Superintendent of Banks.

allegation in complaints to the This was the largest bank failure | Attorney-General's Oleo. that had evor occurred in. Now York. At the time of its latest published statement the bank had 400,000 depositors, with $202,072,000 (£40,804,000) in deposits, and its capital was $23,280,000 (£8,050,000); and surplus and undivided profits 817,183,000 (23,431,006).

до

Political Effects of the Failure.

The news of the failure of the Bank of United States was received in Washington at the Treasury and distinguishable from dismay. The in Congress with feelings not easily name of the institution, convoyed fo

Immediately after it was

those who are ignorant of its statuts nounced that the bank had been such serious implications that one closed by the baking authorities. of the principal news agencies r the Assistant Attorney-General afceived from Sweden a request to New York announced that he had be informed whether the United been secretly investigating for a States Treasury had closed its doors. month allegations of depositors that The officials immediately concerned the bank bad sold them shares of its with Government finance were left stock combined with shares in an in doubt whether the sort of reassur affiliated company for dealing in have immediately issued would not ing statement they would otherwise sccurities, Bankus Corporation, with a guarantee against loss for be interpreted by the ill-informed one year, and, that this guaranteo te proof that a central bank, had was not made good.

failed, and help to-precipitate a' run on other institutions dealing largely with immigrant deposits,

From the Capitol came a state

Share Belling. The Bank of United States was Vice-Admiral Sir Charles Royds, Burmeso on Saturday is now shown Marcus, who had founded a bank Chairman of the House Committee The rioting between Chinese and founded in 1913 by Mr. Josephment signed by Mr. McFadden, Deputy Commissioner of the Metro-to have arisen out of a trivial disfor wage-earners in 1908. It had on Banking and Currency, pointing politan Police, had a sudden heart pute. attack last night while attending

at first a capital of $100,000, but, out that the Bank of United States The rioters savagely attacked after the War its setivities were and nothing to do with the Govern each other with knives, choppers greatly expanded by a series of ment, but this was all and stones, and the police had to mergers. A few years ago Mr. Bank failures have been distress.

the rehearsal of a charity hall He was removed to hospital, but donth occurred before arrival.

Sir Charles Royds had a success- fal career extending over 35 years in the Royal Navy before being ap pointed five years ago as Assistant Commissioner of the Metropolitan In the Senate, Mr. Doak, Labour Police. Before the war he accom unfrenta Diretationsanda bukke-des-panies Condeinfopatentkezhahana

open fire a clear the streets. Marcus was succeeded in the presidingly frequent in America for n Despite the offorts of the elders they by big son, Mr. Bernard Klong time past, but this was the first on both sides, the rioting again Marcus, who began his financial of any commanding size since the broke out on Sunday, and the carcer pa a cashier in the bank. slump in the Stock Market ushered.. Burma Rifles and military police fe is one of the young at heads of in the depression. It deepened were called out and restored order. banks in the country, being only the nervousness which is apparent

The Chinese and Burmese elders a little over 40.

both in the Senate and in the House otesvingechedimfivated TRUE TIMES AYITION LAUREN Rakterimler pretation printed wing theoration of aras writing to take the shoe of 15 INVAge & there of the "Freddo any crime and tho general tighten- Captain's rank while Comanander | peace.

an independent financind company whenever the occasion serves. Mr ing of the Alien Deportation Laws, of Admirat - Jellicoo's flagship" the The total casualties reported to organized the year. Ifore by Mr. Hoover spoke the truth when he It is estimated that there are Iron Duke. He continued to be the hospital authorities are 65, but Marcus and one of his associates, said that there were men who were 400,000 aliens in the United States, associated with the Grand Ficet it is believed that about an equal and shortly afterwards the bank playing politics at the expense of of which 100,000 could be deported. I throughout the war.,

number have not been reported, (Continued at foot of next column.) I human misery,"

་་

MUTINY

STEAMER.

U.S.

-HOPATCONG WITHOUT A

CREW.

(THROUGH BEUTER'S AGENCY.)

CONSTANTINOPLE, Jan. 6. The United

States Shipping Board's 0,000-ton steamer Ropat. cong arrived here from Odessa manned only by the Captain and officers and without a single lower deck rating on board.

The crew mutinied at Odessa and deserted following a melee, in which the Captain was wounded by a

knife thrust..

The Captain navigated the vesse! with the aid of the officers to Con tinople, where he is recruiting

a fresh crew.

(BRITISH WIRELESS 'SERVICE.] Goal Owners' Meeting With

Minister

Ruger, Jan. 6. The South Wales' coal field stop-- page will be discussed this aftor noch at a meeting, between the President of the Board of Trade, Mr. Graham, Minister for Mines, Mr. Shinwell, and the coal owners. concerned in the dispute.

Yesterday the coal miners' repre- sentatives laid the claims before these Ministers at n meeting which lasted three hours.

At the close of this alteroon's Shinwell will submit a full report meeting Mr. Graham" and "Mr. to the Cabinet.

The minors representatives BTO remaining in Londen in expecta tion that the Government may ask for a further meeting and in order intervention should bring about-a to be on hand if Mr.". Graham's resumption of acgotiations.

AUSTRALIAN BANKS AT

VARIANCE.

BANK OF NEW SOUTH WALES RAISES EXCHANGE RATE.

(THROUGH DEUTER'S AGENCY.]

MELBOURNE, Jan. 5. The trading banks and the Com monwealth Bank, which are greatly surprised at the independent action of the Bank of New South Wales in increasing the exchange rate on London to 15. per cont, have hur riedly met and reluctantly decided. to increase the rate for telegraphic transfers to 113 for "buyers and £115) for. sellers.

EARTHQUAKES IN GREECE.

THREE HUNDRED HOUSES COLLAPSE.

[TROCOK BEUTEE'S AGENCY.]J:

·ATHENB, Jan. '5. ^ - Three hundred houses collapsed in various villages in the Corinth region as gesult of yesterday's

earthquake.

injurod.

One person was killed and four

Blight shocks continus to be felt, three being experienced in Corfu.

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