1931-02-14 — Page 9

HONG KONG DAILY PRESS, SATURDAY, FEBRUARY 14, 1931.

COLONY'S CURRENCY BRITAIN REQUESTS LANCASHIRECOTTON ECONOMIC CRISIS IN NEW ZEALAND JAPAN'S

PROBLEMS.

COMMISSION ARPOINTED.

TO ARRIVE HERE NEXT MONTH,

We are informed by the Colonial Secretary that infor mation has now, boom received from the Secretary of State for the Colonies that`a ́Commission. to enquire into the currency problems of the Coloný will ar Tive here about the end of

March,

The following are the mem> bers of the Commission- Mr. W. H. Clegg, of the 'South

African Reserve Bank," Mr. P. H. Ezechiel, O.M.G., one of the Crown Agents for the Colonies.

Mr. G. L. M, Clausen, O.B.E. (Mil.), of tho Colonial

Omca,

{THROUGH REUTER'S AGENCỶ.] Question in House of Commons.

LONDON, Feb. 12.

In the House of Commons to-day nited Whether a question was the invitation by the British Gov. ernment to the Governor of the Reserve Bank of South Africa (Mr. W. H. Clegg), to proceed to Shanghai to report on the silver slump had been accepted."

Dr. Drummond Shiels said that he presumed the question related to the proposal now under con sideration for sending a mission to Hong Kong to enquire into the question of the currency.

Dr. Shiels said that at present he was unable to state what the com- position of such Mission would be..

Restriction of Bliver Sales, ...

LATER.. Earl Castlestewart suggested that Mr. Philip Snowden should approach the Governments cerned with a view to securing restriction of the sales of silver. · China Political Condition Contribut-

con-

fag to. Silver Blump.- Mr. Snowden replied that while the sales of demonetised silver con- tributed to the fall in the price of the latter; the fall was mainly due to the general fall in the price of commodities measured in gold, also to the politif conditions in China, and to the absence of any diminu- tion in production of the mines. British Government Not Primarily Concerned.

While the Governments concern ed would doubtless be prepared to consider any practical proposals for taking stocks, of redundant silver off their hands, he saw no justifien- tion for expecting them to main- tain useless stocke of silver in the interest of new production, and there was no reason why the British Government, which was not prim- arity concerned, should put forward such a suggestion.

In any case, any restriction in sales would only be a temporary palliative, and permanent improve ment was unlikely without such -nieasures.

China's Gold Obligations.

NANKING, Feb. 12. The Finance Minister, Mr. T. V. Soong, when informed that reports were current to the effect that the

(Continued an nèze Column

Do

you

LOWER TARIFFS.

FRENCH PRESS PUBLISH CAUSTIC COMMENTS,

[THROUGH NEUTER'S 'ADENCÉ,}'

LONDON, Feb 13,

As a sequel to last November's international trutee conference at Geneva, Great Britain has sent Note to a number of continental pations requesting lower tariffs on certain British products,

[BRITISH WIRELESS SERVICE)

PARIS, Feb. 13. The Press says that a 25 per cent. reduction is required, and com ments. caustically on the proposals,

LATE SIR CHARLES

PARSONS.

INVENTOR OF THE TURBINE.

[URITISH WIRELESS RERVICE.]

Ruour, Feb. 12. Sir Charles Parsons, the inven- tor of Parsons Steam Turbine, described by Lord Kelvin ns the greatest advance since Watt, died last night on board the s.a. Duchess of Richmond on A cruise to the West Indies after only four days' illness."

The Chairman of several engine.

DISPUTE.

AUSTRALIA.

AIRSHIP WINTRY WEATHER

GLOOMY PROSPECT. ENDURANCE RECORD

MILLS TO REOPEN ON MONDAY.

COMMONWEALTH BANK ENDORSES PLAN.

PRIME MINISTER'S GRAVE STATEMENT.

- ĮTHROUGH REIFTRE'S ADENCY.]

LONDON, Feb. 13.

"[THNOUGH: NEUTER'S AGENCY.)

CANBERRA, Feb, 13.

(THROUGH REUTER'S AGENCY.]

WELLINGTON, Feb. 13.

REMAINS ALOFT FOR THIRTY HOURS:

(THROUGH REUTER'S AGENCY.]

TOKYO, Feb. 13.

to a heavy

As a result of the cotton trade

It is learned that in reply to Mr. A grave statement of the Anan

A Japanese naval airship carry- conference at Manchester to-day E. G, Theodore's request for ancial and economie situation in the ing out an endurance test broke the manufacturers agreed to with endorsement of his plan, the Board Dominion was made by the Prime the previoub Japanese record by draw the lock-out notices, and to of the Commonwealth Bank passed Minister (Mr. Forbes), who declared remaining aloft 30 hours and 45.

that the public service salaries and discontinuo the more looms per a resolution declaring that it will wages and of all services, including minutes, after which it was order. weaver experiment at Burnley.co-operate further in financing the Cabinet Ministers and members of ed to descend owing t

The mills will re-open on Mon- State Governments only subject Parliament, would be reduced by snowstorm. day.

to the adoption of equitable reduc-10 per cent, from April 1, while the wages of persons engaged on public tlons in all, wages, salaries, albaw. works would be reduced to 12/0 anees and pensions, social benefits, daily. all kinds of interest and other fac- tore which affected the cost of living."

U.S. COTTON MILLS.

SALES OF YARN CLOTH EXCEED PRODUCTION..

[NEUTER'S AMERICAN SERVICE}

WASHINGTON, Feb. 12. An assurance that the elimina- tion of night work for women and children in United Stateg cotton mills has now become practically cortain to be given to President Hoover by Mr. George Sioan, head of the Cotton Textile Institute of New York, who declared that 70 per cent of the employers had agreed to such an elimination, be ginning on March 1, provided that a further five per cent. of employ ets do likewise.

Mr. Sloan added that conditions in the cotton industry are much improved. Sales of yarn cloth for, the first six weeks of 1031 exceeded production by 20 per cent.

ering companies and long, associat ed with scientific, work, he was past president of the British As sociation, and in 1927 received the Order of Merit. It was in 1880, after many years' experiments, that he undertook the construction of the first turbine Propelled BRITAIN'S UNEMPLOYMENT vessel, named the Turbinia. His invention canded a practical re- volution, in steam machinery on· land and sea.

B.A.T. DIRECTOR'S ESTATE.

www

DEATH DUTIES NEARLY FIFTY

THOUSAND POUNDS.

[URITISH WIRELEAP SERVICE.]

Ruany, Feb. 12.

Sir

The estate of the late

Joseph Hood, for many years De ruty Chairman of the British American Tobacco. Company, was returned at £1,200,000, on which the duties will bo £49,000.

CENSUS IN GREAT BRITAIN. TO BE TAKEN ON APRIL

';་ (BRITISH WIRELEES SERVICE.]

Ruany, Feb. 12:

The Privy Council at a meeting at Buckingham Palace to-day de cided that the census be taken on Sanday, April 28.

National Government contemplates following the action of Peru and Mexico with respect to the mora- Lorium on the payment of gold obligations, stated that, in spite of the hardships resulting from silver's depreciation, there has been no development in the situation that warrants the circulation of this rumour.

Know?

that with a Modern Gas Cooker you can cook a meal consisting of

21 lbs. Roast Beef

Yorkshire Pudding Cauliflower.

3 lbs. Baked Potatoes and Apricot Charlotte

for four people at a cost of 12 cents only.

(At a demonstration in the Research Laboratories of Radiation, Ltd., London, a similar meal was cooked and the actual gas consumption was 21.75 cu. ft-Extract from "The Daily Telegraph

Gas Cookery is Cheap Cookery.

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TELEPHONE 20000...

BURDEN.

SCHEMES OF NATIONAL DEVELOPMENT,

(THROUGH REUTER'S AGENCY.]

LONDON, Feb. 12. While the Conservatives and Liberals pay a tribute to Mr Snowden's courage," the rank and file of Labour are apprehen- sively speculating as to where the sacrifices will be imposed, re- vealing a determination to resist any attempt to shift the cost of unemployment from the Exchequer elsewhere.

The growing weight of that hurdon is revealed by a Memoran- dùm of the Ministry of Labour, announcing the proposal to intro- duce a Bill to increase the hor rowing powers of the Unemploy ment Fund from £70,000,000 to £90,000,000.

The Memorandum states that since December 19, when the bor rowing, 'powers were increased to £70,000,000, the debt has risen from

0,000,000 to £60,000,000. Meanwhile, the Board of Trade returns for January reveal the effects of the

cotton dispute, showing the following figures

and coal

37,363,000

Imports ............ £75,209,000 Exports The decreases are £14,000,000 and £894,000, respectively, as compared with the December returne,

Liberal Motion to Minimiza Unemployment.

LATEH. The House of Commons adopted without a division a Liberal motion to minimise unemployment by an extensive policy of useful and essential schemes of national devel- opment.

Mr. Ramsay MacDonald (Prime Minister) accepted the resolution in the spirit in which it was spon- sored by Sir Herbert Samuel, which, he said, brought it into the closest harmony with What Mr. Snowden said yesterday."

The Prime Minister declared that the greatest wisdom at present was to develop the national re- sources and fund capital for that

purpose.

Great Britain Needs Greater Wisdom,

(BRITISH WIRELESS SERVICE?

RUGLY. Feb. 12

In the House of Commons - to- night. Sir Herbert Samuel, for the Liberate, introduced a motion call- ing on the Government to formú- inte an extensive policy for utilis ing the labour of the workless in seliemes of national development mich an had been advocated by the Liberal Party for several years.

He emphasised that they were not asking for mere relief works, but for useful, and essential works needed for the improvement of pational equipmont.

The Prime Minister. Mr. Ramgay MacDonald, accepted the motion for the Goverment.

1

-1

"

Bank of Australasia's Dividend Paying Policy.! [THROUGH BEUTER'S AGENCY.]

LONDON, Feb. 12. The National Bank of Austra lasia in London bas been informed from headquarters melbourne that the Board of Directors has decided to pay all dividends on the Bank's shares in Australian pounds.

They will be vinde "available in Melbourne and be transferred over- sens at the request of shareholders and at their expense as regards exchange,

Bank of New Bouth Wales Dividend,

Advice has also been received in London that the Directors of the Bank of New South Wales have declared an interim quarterly divi- dend of nine shillings per share in Australian eurreacy,

The first pronouncement on the financial policy since his reinstate ment as Commonwealth Treasurer was made by. Mr E. G. Theodore when he told the Stato Premiers' Conference that the Government had rejected the policy of reducing wages. It proposed instead a three-years plan to restore the value of the Australian currency to

the 13023 level, which would increnso the national income by £100,000,000 and provide work for 200,000 unem ployed,

YOUNG PLAN

REVISION.

GERMANY URGED TO TAKE

UP. QUESTION.

THROUGH REUTER'S AGENCY.}'

BERLIN, Feb. 12. The Reichstag, by 314 votes to 53, approved, of a motion urging the Government to take up the Young Plan revision with the credi Lor Powers as soon as possible, and rejected by 314 votes to 59 a Com- munist motion to cease all Repara- tion payments.

The Reichstag approved a resolu- tion'demanding an enquiry into the causes of the world war by an impartial commission.

BRITISH POLICY IN PALESTINE.

PRIME MINISTER CLEARS MISUNDERSTANDING,

BRITISH WIRELESS SERVICE.]

Rugby, Feb. 12. Replying to & question in the House of Commons regarding the letter on the British policy in Palestino which the Govoru ment will address in the next few days to Dr. Weissmann, the Prime Minister said that in the body of the letter it would be made clear that the document was to be read As an authoritative interpretation "of last year's. White, Paper on the

matters with which it dolt

The letter would also be com- municated to the League of Na tions and embodied in die despatch aran instruction to the British High Commissioner in Palestino,

The Prime Minister said that the letter involved no change of policy, but romoved a great deal of the misunderstanding which bad occurred.

impossible for it to be indifferent langer to the Jower standards of life among the workers of most foreign countries:

་ ན

the earthquake the deficit this year · It is anticipated that apart from will possibly be £750,000.

AT TIENTSIN.

MANY STEAMERS ICEBOUND OFF TAKU.

ErimovGH REUTER'S AGENCY.]

TIENTSIN, Feb. 13. The weather conditions continue to be the worst for the past 18 years.

Many steamers off Taku aro ice-

bound, the ice extending at least

20 miles from the const.

BRITISH INDUSTRIES FAIR: ALL-INDIA WAR MEMORIAL. BUYERS FROM ALL PARTS OF

INDIANS WHO FELL IN THE WAR

[THROVON HEUTER'S AGENCY.]

NEW DELHI, Feb. 12. An imposing archway 180 feet

The value of experts in the &nan- cial year will probably be 20 per eent. below that of last year, and the prospective budget shortage in the next financial year will bé. £4,500,000.00

Best. informed circles are of opinion that prices in the world's markets will remain at a lower level, and the Dominion must adhigh and a carriage way 30 fect just its affairs accordingly.

wido is the main feature of tho Mr.Forbes also intimated in All-India War Memorial, opened creases in income-tax nad postal to-day by the Viceroy, who. elo- rates and indirect taxation in order to meet the prospective budgetary quently epoko of the services of shortage and the cost arising from over 70,000 Indians who fell in the the earthquake.

Great War.

1

TREMORS CONTINUE IN HAWKES BAY AREA.

HEAVY RAINFALL MAY CAUSE FLOODS.

(DRITIBA WIRELESS SERVICE]

Ruony, Feb. 12.

The memorial specially records the names of nearly 14,000 officers and men of the Indian Army who fell on the North-West Frontier during the great war and third Afghan War of 1910, whose graves are unknown..

The arch is surmounted by a huge bowl, which will be filled with

A New Zealand message states that further prolonged earthquakeburning oil on important occasions. shocks were experienced in the Hawkes Bay area this morning, followed during the day by other. tremors.

POPE'S WORLD

BROADCAST:

THE WORLD.

[BRITISH WIRELESS 'SERVICE.]

Ruony, Feb, 19. The British Industries Fair, which has grown into by far the largest trade exhibition in the world and which is held in two sections, as in London, the other in Birmingham, begins on Mon- open until day and remains

| February 27,

in larger numbers than ever be fore from all paris of the world. This year the Fair will be more presentative of British industry than any of its predecessora

Buyora have come to the event

In London lighter or smaller manufactures will occupy 300,000 square foot at Olympia, while the cotton taxtile section, which will be open at the White City until February 28, will occupy 00,000 square feet and the Exhibition of British artificial silk goods at the Royal Albert Hall, which will be open up to February 21, will op cupy 20,000 square fext

The Birmingham Section for heavy industries will occupy 200,000 square feet, and there will be more

manufacturers represented than on any previous occasion.

The combined area of Birming- ham. and London shows a 30 per pent, increnso on Inst year: Manu- facturers are devoting special at- tention to now products, which, in' many sections are exceptionally

A heavy rainfall has emphasised the flooding danger threatened by partial damming through the up- heavals of rivers and damage done TWELVE MINUTES' SPEECH interesting. to the drainage systems.

been made in the devastated area Very considerable progress has

in clearing wreckages, and civil control has been resumed in Hast- ings.

Severe Shock at Napfer.

· [TNINGUGH REUTER's Agency,]

WELLINGTON, Feli, 12.

A message from Napior states that the severest earthquake shock since February 3 occurred at 1.30 a.m. this morning, and lasted a minute.

The "quake brought down the walls in the ruined area, causing 'minor injuries to the workers,

The work of clearing the town has been suspended...

Shocks in South Taland. Earthquake shocks were felt in. the province of Otago, South Island, whore chimneys fell in Queenstown and houses in Dunedin were shaken,

COMMUNAL RIOTING AT

BENARES.

MOSLEMS AND HINDUS SERIOUSLY WOUNDED,

(THROUGH REUTER'S' AGENCY.]

BENARES, Feb. 13. Armed police are patrolling the streets and all shops are closed as the result of communal disturbances after, the murder of a Moslem foreign cloth dealer.

A number of Hindus and Mog-

loms have been seriously wounded

and taken to hospital;

BRITISH ROYAL TOURISTS IN PERU.

RESUMING JOURNEY ON

SUNDAY.

--{BRITISH-WIRELESS-

SERVICE)

Rugby, Feb. 12., The Prince of Wales and Prince. Georgo, who reached Lima, Peru, yesterday, and were received by the President, Don Sancher, Cerro, completed the formal programme of their visit to-night, when 'n din- ner was given at the British Lega- tion to Don. Cerro.

The Princes are remaining in Lima till Sunday and then will fly to Arequita, instand of embarking on the Oropeja, an was their original intention,

re:

R.A.F. 'CAIRO-CAPE FLIGHT.

ARRIVAL AT KIMBERLEY.

[DRITION WIRELESS, SERVICE.)

The protection of the British He said that there was no cour workman came. more and more try. which could do with greator into international negotiations. wisdom at this moment than to Geneva was becoming increasingly develop its resources, because econo- the place where theindtions had to mic conditions were changing and negotiate to enable them to main." Great Britain had to meet in the tain their standards of life. markets of the world extraordin Mr. MacDonald.roviesred the atly increased competition The development schemes already in

pedrar havantager umor ing tauntjude the German mom me my Parro try: had enjoyed in the past had he concluded with an appeal for an Vickere Viatorin troon erriers on been lost as a result of the war effort to increase the programme of their flight from Cairo to Cape and the political and economic develonment, and for the spirit of town and back, which left Cape- settlement of the war, and it was hope and power, so that the unem-town on Wednesday morning, have (Continued at foot of next column.) ployment problem should be solved, reached Kimberley.

Ruday, Feb. 12.

IN LATIN,

(THROUGH REUTER'S AGENCY.Į

VATICAN CITY, Feb. 12 Heralded by a fanfare of tra pets, tho Pope: broadenst" to the world for the first time to day when he spoke, for 12 minutes in Latin from the newly installed wireless station.".

His Holiness concluded with the Apostolio Benediction, after which he proceeded to the Pontifical quis Marconi, after election with Science Academy, where the Mar-

Holiness for establishing the sta- the Pope's assent thanked. His

tion..

GENERAL STRIKE. AT CADIZ.

POLICE CHARGE. PARADING" STRIKERS.

THROUGH REUTER'8'AGENCY.]

MADRID, Feb. 12. A general strike. is proceeding nt Cadiz, and all transport has bren stopped.

Strikers paraded and stoned the. shops and the polio charged. several times..

A big reinforcement of police has been sent in.

ARE YOU A JUDGE

M

OF WHISKY?

EN have been known to think, and even heard to say, that the whisky with a "kick" or a bite is stronger than the whisky without it.–

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WHITE HORSE

WHISKY

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