1931-04-29 — Page 9

EXTRALITY NEGOTIATIONS.

COMPLETE SOLUTION EXPECTED SHORTLY.

(THROUGH REUTER'S AGENCY.]

ONLY WAY TO AVOID DEFAULT.

STARTLING STATEMENT BY AUSTRALIAN PREMIER,

(THEOUGA REUTER'S ADENOY.]

NANXINO, April 28.

CANBERRA, April 29. Speaking at the weekly memorial

"The only way to avoid default. service this morning. Dr. C. T. ing in connection with £5,000,000 Wang stated that the extrality Treasury Bills due in London on negotiations with Britain and June 30 is to ship gold to London," Ameries were progressing satisfacwas the startling statement hy Mr. torily, and that a completo nolution Seuilin. Federal Premier, appealing by negotiation was expected within to the House of Representatives to the next few days, but China was rush the passage of the Common determined upon ending extrality wealth Bank Act Amendment Bill. on the given date, May 6.

The French attitude, said Dr. Wang, remained obscure, and he

regretted the French hesitation.

LONDON-SHANGHAI FLIGHT,

(THROUGH RESTER'S ADENCY.]

HANOL, April 27. Mr. Ford has departed for Hong Kong riá Fort Bayard.

HANO, April 28. Mr. Ford returned owing to engine trouble, but he restarted at four o'clock for Hong Kong.

INDIAN AIR FORCE.

DISTINCT FROM INDIAN. ARMY.

(THROUGH REUTER'S AGENCY.]

ot

LONDON, April 27. In the House of Commons question-time to-day, Mr. Wedg wood Benz, Secretary for India, foreshadowed the institution of a new Indian air force before long, and said that he was now working out the details in consultation with the Air Minister and the Govern-

rent of India.

The now force would be distinct from the Indian Army.

ANTI-RELIGIOUS CAMPAIGN

. IN HOLLAND.

PENALTY FOR CONTEMP. TUOUS BLASPHEMY.

[TRROVOU REUTER'S, AGENCY:)

THE HAGUE, April 27. Owing to the growth of the anti- religious campaign in Holland, the Government has introduced a Bill in the Second Chamber insert ing clauses in the penal code pro- viding punishment for anyone found guilty of offending religious sentiment by the utterance of con- temptuous blasphemy in a public pince, or the exhibition of blas phemous writings or emblems.

AIRMAN MISSING IN GREENLAND.

SEARCH PARTIES DES- PATCHED.

[rundtos REUTER'S AGENCY.)

Mr. Scullin said he hoped the Senate would also pass the mea

Aure.

He said he had been advised it was impossible to renew or re-issue the above-mentioned bills.

Savings Bank Bill Becomes Law.

to

SYDNEY. April 28.-

Mr. Lang begged the Assembly pass the Savings Bank Bill through all its stages, to-day in order to give immediate aid to needy depositors pending the re- sumption of normal operations,

LATEI

The Savings Bank Bill passed. through all its stages and has be

come law,

WRECK OF THE TENAN MARU.

PASSENGERS AND CREW SAFE.

HONG KONG DAILY PRESS, WEDNESDAY, APRIL 29, 1931.

SOVIET TIMBER DUMPING.

AMERICAN TEST CASE FALLS FLAT.

[REUTER'S AMERICAN SERVICE]

WASHINGTON, April 27- The much-heralded test case to exclude Soviet timber fell flat to day when the authorities ordered a shipload of timber from Russin now at Providence, Rhode Island, to be admitted to the United States following affidavits from Amtorg and A. C. Dutton & Company that the cargo, contained no convict produced timber.

Ilallan Exports to Russia.

ROME, April 27: A new Italo-Russian agreement has been signed, providing for Italian exports to Russia this year valued at 350,000,000 lire,

SOVIET-JAPANESE

EXCHANGE DISPUTE.

CONSENT TO A PROVISIONAL RATE.

(THROUGH REUTER'S AGENCY.]"

Moscow, April 7.

SHANGHAI RACE CLUB.

SOVIET CONTRACT TO BRITISH FIRM.

SEVEN STEWARDS SUED BY ELECTRIC PLANT FOR FIVE

YEAR PLAN.

JOCKEY.

(From Our Own Correspondent.)

[THROUGH REUTER'S AGENCY.]

LONDON, April 27. An agreement has been signed between the Soviet Government and the Metropolitan Vickers Electrical Company whereby the latter will provide expert technical assistance for a plant to be built in Russin by the All-Union Electro Technical Combine

SHANGHAI, April 29. In the British Supreme Court, Mr. Victor' Haimovitch has sued seven stewards of the Shanghai Race Club, Messrs. Burkill, Aro hold, Bailey, Bell, Cox, Lemarchand and Sparke, arising from their re-

The plant will extend to the funal to permit him to ride in races largest capacity required for the following the champions' day incineration and distribution of alce dent inat year, in which Haimovitch tricity to be employed in connection with the Suvict's Five Year Plan of is alleged to have demanded 10 perindustrial development. cent. on the ticket of the pur-

Edgar, chaker, Dr.

4. British veterinary surgeon, who drew the pony Bitsy Bee.

Plaintif submitted that the affair was a complete misunder standing, and he seeks an injune- tion restraining the defendants from interfering with his full en- joyment of the privileges of the Club, of which he is still a member. The petition alleges that the action of the stewards is contrary to the principles of natural justice, oppressive and conceived in bad faith.

The hearing was adjourned.

JUDGMENT FOR LONDON. BOOKMAKER.

COURT'S RETURN TO LONDON.

DELAYED THROUGH BAD WEATHER.

[THROUGH NEUTER'S AGENŐY.)

Loxoox, April 27. Their Majesties have cancelled their proposed visit to Aldershot ca May 14, and the Court's return to London has now been postponed from May 4, the recent bad weather having kept the King indoors.

The Court will not return until His Majesty has been able to enjoy sme sunshine at Windsor.

REVUE MANAGER COMMITS SUICIDE.

STOCK MARKET TOSSES RESPONSIBLE:

In reply to the latest, proposal of Baron Shidehara in regard to the IRISH HOSPITALS SWEEP. fixing of the price for bonds of the Kamchatka Stock Company at 331 ven to rouble, it is officially stated that the Soviet are doing their utmost to reach a speedy and amicable settlement of the dispute. In view of the early approach of the fishing season, the Soviet has All the passengers and crew of consented to accept 321 sen as a provisionn! price for the bonds, the Tenna Maru, which went aground and sank in a dense fogproviding both Governments con-maker, being three-quarters of the States, Mr. Loudon Charlton, com

{THROUGH REUTER'S AGENCY.]

SEOUL, April 27.

and rough sea when on a voyage from Fusan to Chemulpo, are safe. being conveyed to Reisui, in South

The passengers, and crew

Korea,

are

NAZIS' LEADER ARRESTED.

CHARGED WITH CONTEMPT

OF COURT.

(THROUGH REUTER'S AGENCY.]

BERLIN, April 27, Herr Goebbels, leader of the Nazis in Berlin, has been arrested in Munich for contempt of Court, owing to his failure to attend a trial for libel, actions in Berlin.

He has left for Berlin necom. nanied by a detective.

REBELS ROUTED IN MADEIRA.

OPERATIONS BY EXPEDI. TIONARY FORCES.

(THROUGH REUTEr's agency.].

LIBBON, April 27,

tinue the present negotiations for a final fixing of the rouble on the exchange.

HIGH FREIGHT ON CEYLON

RUBBER.

HOPE OF REDUCTION NOT. YET ABANDONED,

(THROUGH REUTER'S AGENOT.]

LONDON, April 27, "Ceylon has made'n wonderfully successful effort to reduce all the costs of its rubber, but there is one economy they have been unable to effect to the extent desired. They | still-pay 57/0 per ton for ruliber to be shipped from Colombo to London,"

Thus Mr. W. Shakespeare, pre- siding over the Ceylon Association. He emphasised that they had not abandoned hope of getting a redus. tion of the freight charges both on tea and rubber, but, they would

renew

their application perhaps more hopefully in the event of the Suez Canal Company meeting the

(THROUGH REUTER'S AGENCY.]

LONDON, April 27. The Dublin High Court has or- dered the payment of £266,043 to Mr. Arthur Bendir, a London book-of

sum won by Seals in the Irish Grand National sweep.

Mr. Bendir's Counsel, in making the application, 'asked for payment without prejudice on any question arising in the action between other parties, and Buggented that if necessary Mr. Bendir should be added as the defendant in, a future trial,

·

The order was made with the consent of all parties and the re maining quarter of the sum will be invested pending the result of the action against Scala.

A message of April 13 stated:~~~ The Judge of the Dublin High Court has ordered Emilio Scala's Irish Hospitals' Grand National Sweepstake winnings to be in vested pending the bearing of the action against Scala by two Lon- don Italians, Epicella and Con stantino, who claim a share of the winnings under an agreement.]

PRINCE OF WALES AND

PRINCE GEORGE.

{THROUGH REUTER'S AGENCY.].

LE BOURGET, April 27. The airliner City of Glasgow, sent specially from London to with the Prince of Wales and Prince George at 0.10 p.m.

· Fighting on land, sea and air reasonable demands of British in-Paints. Grave, landed

in Madeira to-day resulted in the Government forces routing the rebels, of whom 17 were captured,'

The troops dismantled the insur- gents" wireless station.

LATER.

An official communiqué states

STOCKHOLM, April 28. Within few hours the British

& Swedish that the Portuguese expeditionary Captain Rayner in machine piloted by the Arctic air force landed 10 miles from Fun man Ahrenberg expects to be head-chal and put a party of 70 rebels ing towards the Greenland ice gan to flight.

While the gans of Portuguese in search of his friend, Augustine Courtauld, son of the millionaire arships supported this brilliant xi magnate, the missing member notion, Portuguese aircraft silene- of the Royal Geographical Societyed the rebels' artillery. Expedition planning an Aretic air

route.

The Danish Government, has in- structed a fishery inspection ship' to proceed to the ice margin to set

as a petrol base for the rescuers.

CROCODILE SHOT.

SPANISH EX-DICTATOR

ARRESTED.

[THROUGH DEUTER'S AGENCY.]

MADRIP, April, 27. The ex-Dictator of Spain, Gen- REPTILE KILLED AT PENANGral Berenguer, has boon arrested.

MEASURES 10FT. BINE.

An

Penang, April 20.-Either other erocodile, or, more probably,

A warrant has also been issued. for the arrest of General Fernandez Heredia, who was Captain General at Aragon' under the old regime,

It is stated that General Franco, will defend General Berenguer..

the sam one as was shot at bybrother of the famous airman,

fle Chief Officer of the Nieuw Zeeland on Friday, has been shot near Church Street Ghaut by Mr.

Rodrigues, of the Harbour Board GAR WOOD AGAIN. FAILS.

The croccodile was taken to a

godown and mehsured. It was D fret 8 inches long.

F

The erocodile shot at by the Chief Officer was near Swottenham Pier. The Chief Officer used a revolver and though he hit it at the back of the hond, he was forty feet away, and could not have done

much damage.

Recently two sharks were seen in the south channel.

[REUTER'S AMERICAN SERVICE)

terests."

30

Worst Year in History of Rub Mr. Shakespeare described na the worst year in the history of the rubber industry.

They had to face the fact that restriction was practically dead, and must gird themselves to meet the situation.

He expressed the opinion that the potentialities of rubber for roadways were enormous. As re- zards tea, restriction of which was also dead, he considered that the question of ten propaganda "was by far the most important subject with which the Association was at present dealing."

TUNNEL NEARING

COMPLETION,

SHIMIZU TUNNEL·LONGEST IN THE FAR EAST. -

Tokyo, April 20-The construc tion work of the Shimizu tunnel, the longest in the Orient, is nearly completed and it is expected to be formally opened for railway traffe nu September 1 of this year..

The tunnel, which is 31,931 foot in length took 10 years in the con- struction with an expenditure of Yen 12,000,000, With the opening

Flying Direct to Windsor.

PARIS, April 28. "Social calls" have delayed the return of the Prince of Wales and Prince George, who were due home carly this afternoon.

The Princes have decided to pro- ceed home by aeroplane directly to Windsor this evening...........

[REUTER'S AMERICAN BERVICE.),

New Youx, April 97. One of the best known managers musical artistes in the United

mitted suicide with a revolver to

day.

His friends believe that his losses on the stock market were respon. sible for his action.

PLOT AGAINST SIDKY PASHA.

"MAN WITH THE AXE GETS

SEVEN YEARS.

(THROUGH REUTER'S AGENCY,]

Cano, April 27.

The so-called man with an axe,”

Mohamed Taher, arrested in con- nection with a plot against Sidky Pasha, has been sentenced to seven years' imprisonment.

FALKLAND ISLANDS'

GOVERNOR.

SIR JAMES O'GRADY APPOINTED,

[THROUGH REUTER'S LOENCY.]

Loxtos, April 27. It is officially announced that Sir James O'Grady, R.C. M.G., formerly Governor of Tasmania since 1924, has been appointed Governor of the Falkland Islands in succession to Mr. A, W. Hodson, C.M.G,

BRITISH BUDGET

STATEMENT.

LAND VALUATION ·BILL” FORESHADOWED.

[TAROVON REUTER'S AGENCY }

Loxnos, April 97. Extraordinary precautions were taken to conceal the time of Mr. Philip Snowden's arrival in Lon dun, from his Surrey home to make his Budget statement.

OBITUARY.

PRINCE CHANDIBURI.

"(THROUGH REUTER'S ACKNOY.]

Panis, April 27. Prince Chandaburi, former Siam ese Minister of Financo, and a brother of the King of Siam, has died here.

Ministerialists repeatedly and loudly cheered him when he said Groups of people waited in that he meant to reintroduce the

Land Valuation Bill, which pres Whitehall and Downing Street to

4roceeding with last year... welcome him but were disappointed, 'sure of business had prevented him

This mystery" enhanced the cager anticipation of his appearance in perience of Jir. Lloyd George's Mr. Snowden said that the ex-

the House of Commons, for which acheine showed the impractie. from six o'clock in the morning ability of attempting value and members were busy securing seats.ax coneurrently, therefore he pro- posed that the valuation of land Hence the Commons was even more be substantially completed before crowded than usual on Budget ceginning to levy the tax. Thora- night, when Mr. Snowden, looking fore, the latter would not operate this Year. Valuation would be well, entered and rose to speak, it concluded within two years of the 3,39.

passing of the Finance Bill.

He was loudly, cheered by all parties,

The Chancellor began by explain.. ing that the usual financial review. of the year was being circulated us a Blue Paper, as part of his speech Boundness of Financial Position

Popular on London Stock Exchange.

LONDON; April 28. The Budget statement is proving popular on the Stock Exchange.

The sustained weakness in Wall Street is a stumbling-block to any appreciable expansion of business Mr. Snowden said that the sound-at present, but with the suspense is decidedly neas of our financial position was relieved sentiment shown by the fact that at the end more hopeful.

Gilt-edged securities advanced of a year of unparalleled depres- substantially, whilst Tobaccos and sion, we were not merely able to Breweries, recovered sharply as a Day.our way, but to make the sub-result of the absence of additional

tax burden... atantial contribution of £43,500,000 to debt reduction; consequently he did not-propose to pursue. the scheme whereby provision would have been made to cover the 1920 doficit in this and next year's ac conats.

Debt Conversion Operations.

foreshadowed considerable dat conversion operations, and aid provision would be made to over a considerable part of last year's deficit of £23,276,000 from ordinary sources.

..

Revenue and Expenditure. He estimated that the 1931-2 revenue ON the existing basis of taxation would be £700,000,000, and the expenditure £803,000,000,

No Increase in Income Tax.

There would be no revenue tariff and the deficit would be met by

revenue and tempor

non-current

ery expediente, in view of trade recovery prospects. The income tax would not be increased.

However, 75 per cent. would he payable on January 1 and 25 per cent. on July 1, instead of two equal instalments as at present. This would bring an extra quar- ter's reverie, namely £10,000,000, into the 1931-2 revenue.

Petrol Tax.

Review of Finances, [BRITISH WIRELESS BERVICE]

Ruday, April 27. The Chancellor of the Exchequer, Mr. Philip Snowden, was cordially received when he rosto open the Budget in the first speech he has delivered since his tong illness.

The review of income and tax- penditure, and debt operations of the previous year showed that the ordinary revenue amounted ta £770,805,000 Але the ordinary expenditure to £732,341,000, which was in excess of the estimats by caly £632,000, largely as a result of savings on debt interest and

nnagement and other items, Nevertheless, after adjustment with the sinking fund, the total short- fall was £23,270,000.

The net result on the past year, said Mr. Snowden, was a surplus applicable to the debt reduction of £43,500,000, and apart from that there was a suan of £9,000,000 ra- ceived as the proceeds of the Ger tan Mobilitation Lean, which had also been attributed to debt reduc tion outside the Budget.. In reality there was surplus of income ever expenditure, and it says much for the soundness of the untional financial position that, after a year of unparalleled financial de- pression, we not only have hean cble to pay our way, but to make such a substantial reduction in the

debt.

Fixed Debt Charges. He announced ho was making no direct addition to the fixed debt charges, which would be

He con

The petrol tax would immediately £355,000,000, as laid down by the be increased from fourpence to six- Finance Act of 1028. pence a gailon; and this would pro-fidently expected as the outcome duce £7,500,000 this year.

of the recommendations of the Cronomy Committee that consider- Dollar 'Exchange Account,

able

reductions in expenditure A sum of £20,000,000 would he would be made during the current appropriated out of £33,000,000 in year to go automatically to tho he dollar exchange account (which debt reduction. It was also pos was formerly crented in New York sible during the year that condi- tions would be favourable for a to balance sharp fluctuations in ex- change, but is no longer necessary). considerable debt conversion.

The special tax on motor-cyelus not exceeding 150 centimetres would be reduced from 30 shilling to 15

shillings

Balance Sheet.

The balance sheet for the year would therefore be:

Revenue, £803,500,000, Expenditure, £803,305,000, Mr. Snowden appealed for co- operation and the elimination of unnecessary expenditure, in order to avoid additional heavy taxation." Land Values Taxations.

Sir James O'Grady was born in Bristol in 1860 and educated at St. Mary's Roman Catholic School. He was elected a member of the They decided to take farewell of

Town Council in 1897 and was Pre- President Doumergue, whose Presisident of the Trades Congress of

June 30, after Bristol in 1898, whilst he was for deney expires on which they motored to Funtaineerly Secretary of the National blenu and lunched with the Queen Federation of General Workers, In the Spring of 1017 he was sent of Spain.

by the Government as special re- presentative to Russia, on a special mission, and inter met a represen He proceeded to announce the tative of the Russian Clovernment initiation of a scheme of taxation at Copenhagen to negotiate the ex- of land values, which when it be change of British prisoners of war came operative-not, however, this and the repatriation of all Bri-year-would be at the rate of a tish civilians at that time in penny per pound sterling on capital Soviet Russia. He represented land value. The Finance Bill East Leeds in Parliament in 1000 would provide that valuation he und, B.E. Leeds from 3918-24./. concluded within two years.

The Chancellor spoke for sixty ne minutes.

Mr. Snowden Congratulated,,

LATER,

RACE DISTINCTIONS IGNORED.

CALIFORNIA REJECTS BILL FOR SEPARATE SCHOOLS.

Sacramento,, April 17-Fearing international complications, expe- cially with Mexico, the Senate executivo committee of the Cali- fornia legislature to-day killed a provide Bill which sought to separate schools for the children of Chinese, Japanese, Indian, and Mexican Indian residents of this

state,

CHEAPER NEWSPRINT,

CANADIAN COMPANIES ANNOUNCE REDUCTION.

The House of Commons adjourn- ed at the conclusion of Mr, Snow den's speech, after Mr. Neville Chamberlain and Mr. Lloyd George had congratulated the Chancellor on his great effort.

Montreal, April 29-The Canada Power and Paper Company as well

The former said that some of the as the Abitibi St. Lawrenes Cor poration to day announced reduc proposals of the Budget might be At present children of-all nation tiens of G.83 per ton in their news. Wores, but the others would be of the tunnel, a markod progress alities and complexion attend the print prices. The reductions Are strenuously opposed.

Mr. Lloyd George said that one is to be made in the railway service same public schools in California. 13 be retroactive from January 3 to thing rejoiced his heart, amely between the back and outer dis-An effort was made to segregate May 1. MIAMI BEACH, April 27,

the proposed land value tax. Effective May 1, the large newe- This was mentioned by Mr. Snow frists of the country. To comme Caucasian pupils from the others morate this ovent in the railway but members of the Senate excerprint manufacturing conspanier history of Japan, the Railway office tive committee fear that such ac will further reduce the price for sent the conclusion of his speech bne appropriated Yen. 20,000 to tien would cause considerable trou- paper on which newspapers are the most important feature of

the Budget.

(Vontinued on ntzi Column.) observe a celebration on the day ble and accordingly they refused printed in. the amount of G.82 per

ton. to report the Bill out of committee. of opening,

The persistent Car Wood made another attempt to bent Kaye Don's speed record of 103.40 miles an hour, but he averaged only 101.60.

Engine trouble developed after the third run,

Although in favour of evary pos- sible effort to reduce the deut, he held Mr. Gladstone's view that in times of desperate depression and unemployment it is better to use resources to stimulate trade than to make undue sacrifice.

Inland Revenua,'

Mr. Snowden catimated the viold of Inland Revenue at 2437,000,000, consisting of £248,000,000 from Income-tax; £12,000,000 from HUT- tax; £90,000,000 from death dution; £24,000,000 from stamp duties, and £3,000,000 from remaining items. He hoped that the depression, which upset all expectations last year, had reached its limits and that bet ter times were in store, but it would be a little time after the tide had definitely turned before the ro venue would feel the benefit and he must face the probability of & fur- ther decline in Customs and exciss revenue, which he estimated at £228,000,000, or a drop of 'nearly £7,500,000 on last year's revenue.

Fall to Liquor Consumption. The consumption of alcoholic liquors foll last year and is estimat ed for a further fall in revenue this year. This fall seemed to bo

permanent tendency and from the point of the nation's well-being was to be heartily welcomed. The estimates of revenue from sources of ordinary revenus amounted to 92,000,000 nearly £2,000,000

above the actual yold of the corres ponding item in the Estimate last year, although £7,000,000 below the Estimate of last year. An addition of £4,000,000 from the rate relief suspensory fund over the total of 565,000,000 revenue for the current year was recorded.

(Continued on 'Page 12.)