1931-06-08 — Page 11

Money and Markets

RUSSIAN TRADE

DECLINE.

SOVIET VIEW ON GENEVA

DRUG CONFERENCE.

Moscow, Juno 1-Soviet trade figures for the first four months of 1931 show a decrease in foreign trade, Compared with last year the figures for January April this your show a dearense in exports of over forty million roubles, the total being R.213,800, 000 against R.257,200,000.

Imports also showed a decrease for the same period of nearly forty million roubles. They totalled R.297,000,000 compared with .335,- 000,000 for the same period last

"year..

This unfavourable trade balance "shows a slight increase, rising from over " just ovor R.78,000,000 to

R. 83,000,000.

THE FINANCES OF BRAZIL.

| PROPOSED LOAN OF FORTY.

MILLIONS STERLING,

Rio de Janeiro, May W.-A na tional moratorium, including sus- pension of interest and sinking fund payments on all foreign ob ligations of the National and State Governments" is one of the principal recommendations in the report of Bir Otto Niemeyer, of the Bank of England, who arrived here in February at the invitation of the Brazilian Government to advibe it on proposed financial measures:

It is expected the report will be published in about a week simul taneously with an announcement of auspension of service in foreign loans. It is understood the recom- monded reconstruction programmo includes the establishment of a Central Bank under British and An indication that Soviet Russia American supervision and balan is harder hit by the prevailing (eing of the budges with the view world depression than those indus- issuing a loan of rty millions trinl countries in which it buys is seen in the fact that the Soviot's export tonnage was 26 per cent. greater than in the same pericd last year, and yet produced over forty million roubles less, whereas import tonnage mounted 10 per cent, and cost thirty-eight million roubles less.

Drug Limitation Scheme. Geneva, June 1-A Soviet de- legate at the narcotics meeting here to-day said it was essential that three things be the agenda' if Moscow was to participate in a conference on the limitatic of manufacture of narcotics.

Those three points were: limita tion not only, of the manufacture of narcotics but production of raw

HONG KONG DAILY PRESS, MONDAY, JUNE 8, 1931.

JUDGES AMAZING THREAT.

HINT OF BRIBE CHARGES IF WAGES CUT.

MINISTER INVOLVED IN DISCUSSION.

SHANGHAI THEATRE

i

SENSATION:

CONFESSES TO OLD MURDER.

CRACKER EXPLODED BY MYSTERY OF DEATH OF SON

ROWDIES.

PROTEST AGAINST PICTURE."

Eight arrests have been made by the French Police as the result of

demonstration made at

n

the

OF LEON DAUDET.

THE ATLANTIC RECORD.

MAGNIFICENT PERFORM.- ANCE OF EMPRESS OF BRITAIN.

"Aboard Empress of Britain, at Son, May 31,-All records for trans- Atlantiotoumship passagesTMuro being broken by the Empress of Britain, now making her maiden voyage from Southampton to Que

hec

...

11

SAILING' DISASTER ON LAKE CONSTANCE.

TEN YOUNG MEN DROWNED

to

Borlin. The solo survivor of a party of eleven young man who left Friedrichshafen in a cutter Inst month to cruiso round Lake Confi stanco had a terrible story to tell. Paris, May 30-A great political

· Passing the hours of darkness. AS sensation has been caused by the

Bodman, on the westerly end of announcement from Agen that a

the lake, the party set out again former student of Lyons university

with the first streaks of dawn. About ten a.m, the wind increased named Achourd who is serving a

Three days, six hours and esto, a galo, and the boat shipped A joint conference of 33 repres-

waves. so offarts ontative judges of the Tokyo Local Crystal Palace Theatre, No. 1 Rue sentence in the Agen jail for mis- minutes after she left Southamp WATER. 40 rapidly that of

Kractzer, as the corner of Boule domeanour, has made the sworn ton the Empress of Britain, the

Finally she capsized. All an and District Courts was hold vard Montigny, last week. The de confession that it was he who killed queen of the Canadian Pacific board and donned lifebolts, and

Fleet, was off Cape Race to-day. May 22 to determine the attitude monstration occurred at 8.30 p.m.,

The great vessel, unless unfor- for some time they attempted to of the Japanese judiciary to the just before the show began, one of the young son of the Royalist lea

scon difficulty arises, will dock right the bout, but without suc Government' salary cut plan, the alleged communist band threw. der Leon Daudet some years ago.

less than Ave days since the sail-but after a time the leader was audienco, before pamphlets were

made this an issue between himselfod from Cherbourg

swept away by a waye Four af, which has, as announced by the ing a Chinese cracker amongst the It will be recalled that Daudet Quebec on Monday afternoon, incess. They then clung to the hull, North-China' "Daily News since distributed by each of the band.

The Empres of Britain, the party tried to swim ashore, but and the government of the Repu- boon droped. It was held behind The object of the demonstration

appears to be a protest against the blic, as he nocused the Paris police luxury liner of 2,000 tons, aniled perished in the attempt.

from Southampton on May 27. The remainder of the crew gadu. closed docrs.

According to the Tokyo Amt, picture being shown at the theatre authorities of having killed his 15 Subsequently she touched at Cherally lost strength and, draped off that night. The pamphlets die-years old boy. According tobourg on her maiden voyage b until at last only, one was left., fore beginning the race across the He had taken the precaution off largest newspaper in Japan, distributed by the six men arrested in Achourd the boy had secretly asso- cussion at the conference centred the theatre rend:

"The picture being shown at theciated himself with anarchist vir Atlantic. If the liner can main diving beneath the hull and un- tain an average speed of more screwing the boat's flag from its on the bearing of Article 73 of the Crystal Theatre, is a propaganda oles and was killed bonuse the an-than 25 knots an hour she can spokot. To this he eventually owed

the organization of Law for

picture of the counter-revolutionarchiste suspected him of being a break the record hold by the his life. He saw one of the pas Japanese law courts on the planaries. The Crystal Theatre is the

in four days, 14 hours and 30 waving the flag to attract the at It was unanimously agreed that propaganda headquarters of loat spy: Ashourd will be brought to Europa, the vessel which sailed sanger steamers which ply rogulan

tootion of those on board; ", ers. Revolutionaries! Be ready to Paris to be examined regarding the From Southampton to New Yorkly cn the lake, and he managed by

minutes. irrespective of the merits.of demeratago an uprising and to seize Daudet affair.

its of the plan itself it was, wrong for the Government to reduce the salaries of judicial officers without first revising the law which guar. antees their immunity from such reductions.

Bribery Case.

sterling in order to fund present ch-This agreed view was submitted ligations and stabilize the milreis

about 8.3 cents gold, "-

at

NEW BREWERY FOR

SHANGHAL

IMPORTANT. COMPANY 'FLOTATION IN PROSPECT.

Certain details have been learn ¡ed of a new browery ocmpany which it is intended to float in Shanghai. The importance of the concern may materials: limitation and control be gathered from the fact that the of all derivatives of opium and coca leaf; and the subjection of capital investment in the concern production and distribution of raw is estimated to be in the vicinity of material and drugs to a state Tls. 1,000,000 or oven Ts. 1,500,000. monopoly as in Russia and some It is understood that, the other countries,

com-

in written form to Viscount Watanabe, Minister of Justice, cn the same day.

FL

certain

The course to be taken in the event of their point of view not being accepted by the Government was next discussed. Some judges urged a "goelow" movement, but othera disapproved of such tactics. The latter emphasized the need of greater diligence in the discharge of their duties, white, at the same time, suggesting, that Yen 100,000 bribery case in which a member of the Cabinet was said to be involved and other similar cases involving prominent hench men of the Minseito (Government Party) which had been left in aboyance for fear of loss, of pres

other countries, should be probed to the bottom, the judges so acting to co-operate with the Preliminary Courts and the Procurators Office. No definite decision was reached

The delegate went on to say ho pany is already in process of for-tiga by the State in the eyea of doubted if the organisation of themation, and that not only foreign League was adequate to handle the capitalists but Chinese businessmen international administration 811ch A tremendous limitation are interesting themselves in the scheme, and said he would make aventuro.

of

proposal on this point at a later Already the scheme has progres-

for limitation.

meeting. He made a strong pleased so far in detail that negotia-on the points raised, it being fin- This plea for Jimitation of all tions are being conducted with aally agreed that they should be dis derivatives was backed by the foreign brew master to conduct the United States, Spain and Parama, and Spain also supports Austria's company's affairs, and it is learned plen for suppression of manufac that the gentleman in contempla ture of heroin as the most danger tion has had ccnsiderable experi-

us drug socially and from the

ence in the management of bre medical standpoint, the least ne

weries in Europe.

cessary,

COTTON MARKET ABROAD.

MODERATE REQUEST RECENTLY IN LIVERPOOL.

Liverpool, May 20.-Spot raw cotton has been in moderate request during the past week.

In the futures market, owing to the Whitsuntide holidays, business has been curtailed and prices have fallen heavily under New York ip- fluences. Continental and Indian Liquidation, however, latterly has been counteracted outside buying interests and trade-calling and the market finished somewhat steadier. Egyptian cotton prices have generally moved in sympathy with those of the American staple,

· STEADIER. PRICES FOR RUBBER.

MODERATE ACTIVITY SHOWN IN NEW YORK.

Several very suitable sites for the brewery are at present under consideration by the promotors of the company with the object of pur- chase, but in the meantime it is hinderstood that none of these has yet been decided upon. It is learn- ed, however, that within a com paratively short time'definite news will be available for the public.

It is understood that those in torested in the fctation of the e paný ecnitemplate an output of from 100,000 to 200,000 cases a year, and are making their building and construction plans accordingly.

SULTAN'S HOARD ON DISPLAY.

cussed at a future date, when the attitude of the Government toward the judiciary's interpretation of the faw was made clear

Further developments were avoided by the Government's deci- sion to drop the plan, but the Press is said to be considerably disturbed over this unprecedented action on the part of men who should be im mune from all personal feeling in the performance of their duties

IMPROVING · BRITISH

TRADE.

MORE EMPIRE EXHIBITIONS SUGGESTED.

"

power from the Government-Long the Kuomintang! Long live the Live the Communists! Down with Proletariat "

As soon as the cracker exploded and the pamphlets were scattered, the manager of the thentre caused all the doors to be closed. Six men alleged to have thrown the pam- phicte were arrested by Sergeant Goueree of the French Police, a Chinese detective of the French Police, and Sub-Oficer M. Proust of the French Colonial. troops in Shanghai, who happened to bo amongst the audience, with the as- sistance of the theatre staff.

Peculiar Stery.

These men were taken off to the nearest police station, where they were questioned by detectives, and

peculiar situation unfolded itself. With the exception of two of the six who lived in the same house, they were all unknown to each other, and all told similar stories regarding their possession of the

pamphlets.

Each had allegedly been told to go to a certain house (a different house in each case) and to stand by a window. If it were open, they were to help themselves to a packet of papers inside, or else they were to wait until a packet was thrown to them from the widow. They were then to follow the instructions.

In one case, for instance, one of the six went to a Chinese hotel in Hoonch Rond and stood under- neath a window from which a packet was dropped to him. Open- ing it, he found it contained 89 in silver and a few leaflets, with in- structions to throw them at 8.30 p.m. in the Crystal Palace Theatre. As he walked past the door of the hotel just after this, he saw a man emerge from the door, of the room and walk upstairs.

Detectives subsequently mad in- quiries at this theatre and found that the tenant of the room in qucation was out of the hotel at that time, and somebody, who knew that

the tenant would be out at that

period, had taken advantage of that fact. As a result of their inquiries the Police believe the incident to be an isolated affair, and not to have connection with nay general move- ment, while those who threw the pamphlets would seem merely to be the tools of somebody who has a grudge against the theatre of ficiale.

A Mixed Drow

In the meantime the Police had. mado one or two raids as the result of information obtained, and had arrested two more men in con- nection with the affair..

The eight arrested have given their descriptions as follows: school teacher, aged 253: school teacher; 18 ex-soldier, 23 hosier's apprentico,

Mr. Gilbert Rich, founder of the British Export Society, suggested, at the annual conference of the In-20: four students, aged 21, 10, 23 and 21 respectively. The last corporated Sales Managers As 'named' was arrested at 416 Rus sociation at Cheltenham recently Soeur Allegre and the hosior's as TREASURE ROOM OPENED AT that British Empire trade exhibi-sistant at 17 Rue Amiral Bayle. Bu

CONSTANTINOPLE.

tions, similar to that held in Buenos Aires, should be arranged in other foreign and Dominion markets, where there were sufficient Constantinople, Juno -Dazs opportunities for the sale of Bri- jewels and embroidery belong-tina goods in quantities to justify ing to sultans and rivalling the the expense incurred. New York, May 29.--Prices were steady to fractionally higher on the fabulous splendours of the Arabian New York rubber market today.nights were disclosed to the world At the close the June quotation when the fourth room of the Im was quoted at 6.30, off from yester day's close at 8.38. The futures porial Otterpan treasury at the positions for the most part were Boraglio Palace was opened to the firmer, Trading was only moder public to-day. ately active with the contract turn over for standard No. 1 rubber totalling 40 lote as against 28 lots yesterday. Following are the clos. ing futures prices for standard No. 1 rubber-

Month

The treasures are estimated to be worth twenty millions sterling. They include the ominolined co tumes porn by former Sultans, May 19 May 15.jawelled embroidery and a colles Mny Unquoted Unquoted tion of Sultan's prayer-beads of 6.30 diamonds, turquoise, emeralds, 6.48

rubies and pearls. One string of 6,56

prayer beads consists of ninely prefectly sounded pearls aa big

biga walnuta,

Amongst the chjeste of invetim able historical value are an amber coffee set and a jewelled sword be lenging to the third Caliph Rash ed-din

Junc

6.38

July

8.48

Aug.

6.55

Sept.

6.62

0.02

Oct,

0:09

Nov.

0.76

Dec.

6.83

0.70 16.78" ...6.80

Jan.

0.01

Feb.

7.09

17.01

Mar.

7.03

7.08

Apr.

14

6.04

Mr. Rich mentioned as countries worth considering for exhibitions South Africa,

Brazil, India, China, Sweden, Norway, Denmark, Holland, and Spain. He included India, he said, because we badly needed something to help us to regain on, lost trade in that coun- try, even if we had to do it by introducing new lines,

He also suggested that it might be in the interest of our export trade to manufacture a eócord line of goods of a lower quality than cur standard ranges to be sold, in addition to the best-quality goods, at cut prices

The pamphlets were not printed, but had been run off on a duplicat ing machine, and were in the form of small squares of thin coloured paper. The Police also found in the theatre two crackers which had not been fired..

·FRENCH TRIBUTE TO LORD HAIG.

NATIONAL SUBSCRIPTION, FOR, MONUMENT.

Paris, May 29-A glowing tri- hute by the French Governincat to the late Field Marabal, Lord Haig forms the preamble to a bill which has been tabled in the Chamber of. The domadd for cheaper goods Deputies and which obens credit would be met by others whether we for half a million francs expenses, fell into fire or not. The question in connection with the playing-of affected many British manufactura statue of Lord Haig at Montreuil ortat the present time when pracy sur Mer, near Boulogne where the tically all crerseas countries, were British beadquarters; were situated natting prohibitivo, duties on com during the war. hat this was to create duties most imports. The only way to on im ports into Great Britain,

The cost of the monument itzel! has been defrayed entirely by ag tional subscriptions in France/

Which are your interests ?

Monday

Tuesday

SPORT.

Local Sport, Results of Week End Games.

MOTORING.

Local and World News of interest to Motorists..

Wednesday AVIATION.

A

page of interesting information about the latest developments in flying.

HOME RACING

Home Racing Notes, contributed by an expert.

BOOK REVIEWS.

Reviews of carefully selected books and novels which will interest people of intelligence.

Thursday RADIO.

Friday

Wireless News, contributed by a local enthusiast.

WOMAN'S PAGE

Of value to all women who take an interest in matters of Dress, contributed by a local expert.

Saturday BUILDING & ENGINEERING.

News from Home, China and Hong Kong,

RACING

Local Racing by "Morning Dew."

"Mr. PEPYS IN HONG KONG.".

THE FEATURES OF THE HONG KONG DAILY PRESS WHICH WE HAVE MENTIONED ABOVE, OBVIOUSLY ATTRACT CERTAIN KINDS OF PEOPLE THE MORE INTELLIGENT, THE BETTER EDUCATED, AND THE MONIED CLASSES OF ALL NATIONALITIES IN THE COLONY IN SHOET, IT IS READ BY PEOPLE WHO SPEND FREELY, AND WHO ARE IN A POSITION TO BUY HIGH-OLASS GOODS.

THE

HONG KONG DAILY PRESS.