BANK OF ENGLAND TO THE RESCUE.
APPRECIATION OF BRITISH ACTION.
[THROUGH REUTER'S AGENCY.]:
LONDON, June 17.
The Bank of England has stop ped in to assist Austria in her present financial difficulties,
An official announcement made to-day stated that in anticipation of placing Austrian Treasury Bonds on the Continent, the Bank of England, has agreed to make an Anterim advance to the Aus trian National Bank, pending the successful conclusion of negotia tions for the bond issue.
Advance of 24,000,000, (BRITISH WIRELESS SERVICE.]
RUGBY, June 19. The Bank of England has made an interim advance of 150,000,000 shillings (£4,000,286) to the Aus trian National Bank, pending the completion of negotiations for the International Loan to the Austrian Government to provide it with the necessary funds to guarantee the liabilities of the Credit Anstalt,
The Bank of England's advance; which has been put to credit of Austrian Government in the Bank of International Settlements at Baile, exceeds the amount which the Austrian Government have pro- mised to find for the Credit Anstalt. The announcement of the Bank of England's action was contained in
AFRICAN TRIBES FALL OUT.
COLD-BLOODED ATTACK ON WEDDING FEAST.
[THROCOR REUTER'S GENOT.}::
DURBAN, June 19.
HONG KONG DAILY PRESS, FRIDAY, JUNE 19, 1931.
AUSTRALIAN
FINANCES.
SOLDIERS PENSIONS TO BE REDUCED.
(Tanovan REUTER'S AGENCE.).
CANBERRA, June 18. Serious alarm is felt at the That there will be a Common possibility of an intertribal con-wealth deficit at the end of next flat in the M'Tarno location near your of £34,000,000 for the past two Krantzkop na n sequel to a cold-years was forecasted by the Pre blooded attack on the H'Longwa mier, Mr. Scullin, in the House of Representatives when moving the tribe by the Amabovus.
second reading of the Internal Debt Conversion Agreement Bill
•
Inter-tribal feeling has been threatening to flare up for somo years and was brought to a head by a number of armed Amabovu braves surrounding in the dead of night H'Longwas, who were cele brating a wedding, and attacking the unsuspecting revellers in the middle of their festivities.
Mr. Scullin added that the national-income hind fallen by £200,000,000, and expenditure had increased by £11,000,000 since 1927-28
Mr. Theodore announced that new taxation was calculated to The raiders set are to a but in produce £7,500,000 annually includ, which some of the wedding partying the Sale Tax, a further increas ed Income Tax, and that there were taking refuge. Eight women
would be a drastic reduction in and one child were burnt to death, and one man was fatally speared soldiers' pensions..... when attempting to esacpe
Two thousand infuriated H'Tong wa are now on the war-path thirst- ing for vengefee, while the remain der, are awaiting a signal in order: to launch a counter-attack,
The local authorities are doing their utmost to effect a reconcilia tion but their task is a difficult one owing to the wild nature of the country
BRITISH 'PLANES FOR FRANCE.
WIRELESS SERVICZ.]·
WORLD DISARMAMENT
CONFERENCE. :
PESSIMISTIC VIEWS OF MR. H. GIBSON.
[THROUGH AKUTER'S AGENOF.)
NEW HAVEN, June 17. Very Little is likely to be ba accomplished: at the forthcoming world disarmament conference,
by was predicted Mr. Hugh Gibson, United States Ambasador to Belgium, speaking at a luncheon given by Yale Uni yersity at Newhaven, Connecticut, The famous French airman, Cap-to-day. which adds that England thereby tain Costes, will this week pilot
Mr. Gibson also said that he did, shows its full confideneo in the home one of the wellknown Cal-not expect the problem of world National Bank and Austrian cur-cutta Type flyingbonts constructed disarmament to be solved during
by Messrs. Short, of Hochester, his lifetime. which the French Government have purchased,
a coramuniqué issued in Vienna
"rency.
The International Loan to the Austrian Government will, it is pro- vosed,, be placed in London, New York, Paris and Berlin.
It is understood that the advance made by the Bank of England will be renewed as long as may be necessary and will be repaid cut of the proceeds of the loan,
The Bank of England's Action in mediately had a remarkable re- 41uering effect on the situation which had assumed much urgency, It has been greeted in Austrin by spontaneous public expressions of grratitude, and appreciation of the British action is also shown in Presa comments of the neighbour. ing countries where much anxiety was felt ns to the manner in which the situation was developing, before the Bank of England came to the rescue at a moment when need was most pressing,
Rugby, June 17.
RUGBY, June 17. The League of Nations Secretary An agreement been reached be to-day circulated an official invita tween Shorts and the Breguettion to all States to take part in Company for the manufacture, un-the General Disarmament Confer- der license, in France, of further ence, convened for February 2, Calcutta Boats, which the French 1932, at Geneva, thus finally dis Government intend to employ in posing of recent peatponement their Naval Services.
French air transport companies operating in the Mediterranean ar niso ordering Calcutta craft,
TOURIST TROPHY RACE.
FOREIGN MACHINES
OUTCLASSED..
(BRITISH WIRELESS SERVICE]
Commenting on the Bank of
RUGBY, June 17. England's action the Times con
The International Tourist Trophy ing influence on the financial situn with engines under 250 cc. was siders it should exercise a etibilis Race for lightweight motor-cycles, tion, and expressed the view that events of the last few months have won in the Isle of Man to-day proved that some drastic reorgany Mr. Graham Walter, who rode
his. Rudgo Whitworth at an avers isation of economic conditions in age speed of 68.08 miles an hour, central and eastern Europe is over the difficult 280-mile mountain urgently needed. “
WILL AMERICA DUMP WHEAT?
ĮREUTER'S AMERICAN, SÉRVICE.);
WASHINGTON, June 17. - Most important in its bearing upon the future of wheat prices throughout the world is an an- nonudement made to-day by the Federal Farm Board, which con- tains a declaration that the Beard will not pledge itself to withohold its huge wheat stocks from the, domestic: market for another year."
course.
There were forty-one starters, for the event. Mr. Tyrell Smith, also riding a Rudge, finished second. and Mr. Mellors, on a Now Imperi- al, camo in third.'
Foreign minchinks seemed com- pletely outclassed. The Italian urack motor-cyclist, Cherai, OF cupied sixth place, but he was rid- ing a British machine, a New Im perial.
Wine-Glass Sized Pistons. The little engines used in these. British machines, with their piston. diameter. no bigger than a wines glass, stood the gruelling race with astonishing efficiency:
It is pointed cut that the Farm WORLD'S MOST POWERFUL
Board's stocks are estimated to have been two hundred million bushels. The release of these stocks, while causing a fall in the domestic price, would be calculat od to relieve foreign growers of anxiety as it will lessen the pro- bability of the whole of the U.S. Farm Board's stocks being dump ed abroada
PLANE.
"A" BRITISH TRIUMPHA
[BRITION WIRELESS SILVICE]
rumours.
ASCOT RACE MEETING.
THE "TOTE" PROVES VERY,
POPULAR.
{THROUGH NEUTER'S AGENCY.]
LONDON, June. 17.
The weather for the second day of the Ascot Meeting was again fine, although early rain caused an abandonment of the royal proces sion, the King and Qnoon and other members of the Royal Family arrivig by cara: There was an encrmous crowd, including an ex- ceptionally large number of visitors from abroad.
One feature of the mosting is the success of the totalisator, in- stalled for the first time this year. Ita turnover for the first two days has totalled £110,000.
MR. MELLON VISITS LONDON,
CALLS ON PREMIER IN COMMONS.
BRITISH WIRELESS SERVICE]
RUGBY, June 17. Mr. Andrew Mellon, Secretary of the United States Treasury, who bas just arrived in London on private visit. called on the Prime Minister in his room at the House of Commons this afternoon,"
TOWN SWEPT BY FIRE.
HUNDREDS OF PEOPLE HOMELESS:
{THROUGH REUTER'S AGENCY.]
Roby, June 17.
MADRAS, June 17. Among several new types of air-
Twelve hundred houses and B.B.C. PROGRAMMES FOR craft not publicly shown which
will be seen for the first time at other property, to a total estimated. the Air Force Pageant at Hendon value of £45,000, were destroyed en Saturday week, will be huge by fire at Annadevarapet, near afour-ongine
no Vickers night Rajahmundry, to-day
COLONIES.
SCHEME OF INTEREST TO
V. HONG KONG
THROUGH REUTER'S AGENCY.]
bomber, which is considerably Hundreds of people were rendere
AMERICA BLAMES
VOLCANO ERUPTION IN JAPAN.
BRITAIN!
INTERNATIONAL SILVER CONFERENCE DESIRABLE.
(THROUGH REUTER'S AGENCY.)
SHANGHAI, June 17. Senator Tasker Oddie, who has been studying the silver problem here in conjunction with Senator Key Pitman, commenting on the British silvor policy states:
Great Britain, would relieve her tax-payers of à large portion of their burdans, in connection with the dole if she abandoned her silver selling policy, and, as this question is not a goli tical one in Great Britain, her working classes are not fully in- formed that this policy has a scri- ous bearing on the unemployment problem?
Senator Ordio reiterated the be list that an International Silver Conference was desirable and likely to prove of great value.
COUNTRYSIDE COVERED IN ASHES.
THROUGH REUTER'S AGENCT.]
TOKYO, June 18. Takedake an active volcano in the Japaness Alps, west Matsu moto, suddenly burst into violent eruption, at 11.30 am, scattering quantities of ashes over the country bide.
EARTHQUAKE IN TOKYO.
NO SERIOUS DAMAGE: SEVERAL PERSONS INJURED
[THROUGH REUTER'S AGENOT.]
The Senator also declared that
TOKYO, June 18, the abnormally low price of silver
There were no deaths in yester. was one of the chief causes of unday's earthquake but several poopla employment throughout the world.
were slightly injured.
Much confusion was caused by the shaking and swaying of cinema | buildings.
·WOMEN'S INTERNATIONAL
|
TENNIS:
[BRITISH WIRELESS SERVICE]
Roony, June 17. In the women's international tennis match st. Eastbourne: to-day, Britain defeated France, winning all six matches.
·DAVIS CUP TENNIS.
CZECHO SLOVAKIA TO MEET BRITAIN,
(THROUGH REUTER'S AGENCY.] ·
IS THE PRINCE OF WALES BETROTHED?
A lesser qualce occurred shortly after midnight resulting in Yoko hama being plunged into darkness for several hours through damage to the electric cables.
The epicentre is believed to have Bay. been at the sea-bottom in Sagawi
Further tremors are likely but nothing serious is anticipated.
INTERNATIONAL MORTGAGE CREDITS COMPANY.
DETECTIVES BUSY IN CANTON.
PRECAUTIONS AGAINST NANKING SPIES.
(From Our Own Correspondent,)
THE NAVY LEAGUE POSEIDON FUND.
NEARLY $25,000 NOW SUBSCRIBED:
GIFTS FROM ALL
NATIONALITIES,
CANTON, Juno 18. The detectives in Canton have of Another 83,700 was subscribed late been very busy ferreting out yesterday to the Navy League agents of Chiang Kai Shok, a num Poseidon Fund, Messrs. Jardine ber of whom are reported to be Matheson & Co., Ltd., sohb 8500 and stealing into Canton in disguise to the Hong Kong Football Associa gather intelligence for the Nanking tion the same amount. Personal chief. A sharp look out is being donations of $100 each came from kept on passengers coming from Mr. J. H Backhouse, Mr. H. H. Hong Kong, Macuo and other Priestley, Mr. and Mrs. Edwin placos. Any new comer showing Taylor and Mr. and Mrs. L., O. the slightest suspicion is carefully interrogated to the satisfaction of
the Government agents on duty M
glance at to-day's list shows
Several men have thus been arrest, that it is a very cosmopolitan one. ed as they alighted from their This should be a stimulus to every boats. The closest secracy is main-British person to send something- tained as regards the nature of however modest, the donation will
thesd arrests.
A vigilant watch is also maintain ed at all hotels and lodging houses in the city to make sure that they harbour nodigents of the Nan- king deepot."
Nocturnal restrictions are rigidly onforced, and companies of patrol- men and Gendarmes are constantly seen on the streets.
The city on the whole is quiet, and business is going as usual.
DR. C. C. WU.
ON WAY TO, CANTON,
(From Our Own Correspondent.).
CANTON, June 18. Dr. C. C. Wu, late. Chinese Minister to the United States who is on his way back to Canton, after tender. ing his resignation to the Nanking HOPE OF RAISING £10,000,000. Government, has been appointed a member of the Canton National Canton Council. Dr. Wu, the authorities claim, is opposed to Chiang Kai Shek's rule as are the rest of the Southern leaders.
(BRITISH, WIRELESS SERVICE]
FOURTH NATIONAL
CONGRESS.
TO MEET ON OCTOBER 10.
(From Our Own Correspondent.)
CANTON, June 18.
RUGBY, June 17.) COPENHAGEN, Juno 17.
Referring in the House of Com- Czocho-Slovakia won the doubles match against Denmark and thus inons to-day to the "scheme for an International Agricultural Mortg- qualify to meet Great Britain,
Menzel and Marcelek (Czecho-age Credits Company, which arose Slovakia) beat Ulrich and Worm Cn a discussion of the proposed European Union, the Foreign (Denmark) 1-7, 1-6, 167, 68.
Secretary, Mr. Henderson, said its purpose was to make loans on mortgage through Central Banka to pensent cultivators in Central and Eastern Europe, and, in par qular. to assist them to change
The Canton National Government over, from wheat growing to other forms of agricultural production, has decided to convene the 4th. It was hoped to raise £10,000,000 National Congress in Canton on in various financial centres, of October 10, along with the annual which £1,000,000 would be issued celebration of the Double Tenth." at the outset. In addition, a All the Kuomintang, Councils or spoeia réserve fund of £1,000,000 branches throughout China are ex- would be set up, to which all Gov-pected to send delegates to the ornments who were parties to the Congress, for which an agenda is Convention would contribute. The being drawn up. This 4th Congress British share would be about of the Kuomintang will be the fore. runner to the People's Convention £16,000.
It was proposed that this reserve as suggested in the Politica! Will should be deposited with the Bank and Testament of Dr. Sun Yat Sea. of International Settlements and This People's Convention will take should boar interest, and, in due place in Canton on November 12, course, be repaid out of the Com-the birthday anniversary of Dr. pany's profits.
RUMOURS OF ROYAL ENGAGEMENT.
[THROUGH REUTER'S AGENCY.]
LONDON, June 18. "Will July 16 be the occasion of an interesting Royal announce. ment? is the query of the New Chronicle this morning,"
It suggests that the question is using acked in connection with the announcement that Their Majesties are giving their first Ball for seven years on that date.
BRITISH BANKING POLICY CRITICISED.
REMEDIES FOR TRADE
DEPRESSION).......
(THROUGH REUTER'S AGENCY.]
LONDON, June 18,
AUSTRALIAN GOLD SHIPMENT.
(THROUGH REUTER'S AGENCY.]
CANBERRA, June 17. With only two dissentients, the House of Representatives to-day passed the Bill providing for the A severe indictment of the policy shipment of five million sterling in of the leading banks, including the gold to London to meet immediate Bank of England, will be the cen-Australian liabilities. tral feature of the Report of the Committee on Finance and Indus-
try, headed by Lord MacMillan, according to the Daily Herald
The Journal gives a forecast of the Committee's Report, which declares that the Bank could im mediately substantially improve trade by making credit more easily available, increasing the amount of monetary circulation.
that this
policy be carried out in co-opera- tion with the American Federal Reserve Board and other central banks.
»STARTLING U.S. TRADE
LOSSES.
OFFICIAL FIGURES.
[REUTER'S AMERICAN SERVICE})
WABILIZOTON, June217..
The startling decrease in the foreign trade of the United States
WIDOWS ACCUSED OF 4 MURDERS.
MYSTERIOUS DEATHS OF
LODGERS.
New York. A wholesale murder plot is charged against Margaret Summers, Chicago widow, by a coroner's jury which has remanded her to go before á Grand Jury on a charge of killing four persons,
Sun. Regulations governing the 4th National Congress and the People's Convention are to be drafted,
CHIANG TO FIGHT REDS.
LEAVING FOR KIANGST ON SATURDAY.
[THROUGH RELTER'S AGENCY.]
NANKING, June 17
It is officially announced that Chiang Kai Shek is going to Kiangsi by gunboat on June 20 to. direct the anti-Communist cam paign.
be welcome. When people of all countries are being generous we are sure that no British person would like to fell out of it.
'The list follows:---
SUBSCRIPTIONS RECEIVED UP TO NOON YESTERDAY.
Messrs. Jardine, Mathe-
son & Co., Ltd........§.2.500.00 The Hong Kong Foot-
ball Association.... Messrs. A 8. Watson &
Co., Ltd..... Messrs. E. D, Bassoon"
Banking Co., Ltd.... Mesara. Swedish Chinese
A. H. Watuanana.
500.00
250.00
230.00
Export and Import Co., Ltd.
100.00
Mr. James H. Backhouse -Staff, Colonial Segre
100.00
tariat
02:00
Messrs. Thoresen & Co.,
Ltd.
100.80
Messrs. John Manners
& Co., Ltd
100,00
100.00
Hong Kong, Canton and Macao Steamboat
Co. Ltd........
100.00
Mr. HH Priestlev
100.00
Mr. and Mrs. Edwin
Taylor...
100.00
American Express Co....
100.00
Measra Karsteh Larson
& Co
100,00
Mesara. Hastings, "Den-
nis, & Bowley L.. Mr. and Mrs. L, G Buss Staff, Davie Boig & Co.,
100.00
100.00
Ltd. Major-General T, W.
Sandilands
100.00
80,00
50.00
60.00
"David"
.60.00
Messrs
Osaka Shosen. Kaisha
50.00
Messrs. Mitsui Bushan
*Kaisha
80.000
Mr. and Mrs. A. B.
Raworth.
50.00
FL.. A.B., W.N., and
G.F.G. TAM.
35:00)
25.00
25.00
60.00
48:00
30.00
Mr. H. G. Sheldon ...... Messrs Steam Laundry ..... Co..
Mr. and Mrs. J. Harrop Mr. G. K. Hall Brutton- The Sisters Mean, Vice toria Hospital.......... Dr. S. Seguin Straham Platoon Commander and Men No I Platton) Portuguese
Mr. Jabe
Com-
Anv. ILK.V.D.O.... Staff. G.E.C. of China,
Ltd..
25.00
€24.00.
20.00
Messrs. Ye Olde Prin-
terio., Ltd.
25,00
Mr and Mrø, E. F.
Ancott A.
30.00
Mesara Little Adams
& Wood
25.00
Jennin
25,00
Mr. EJ, Fasterbrook..
25.00
Cant, R D. Thomas
10.00
Eric, Koeff & Ken Mr.
10.00
15.00
10.00
10.03
3,600.00
He will assumo office as Chairman G.Goung..
of the National Government on June 19.
Chiang Kai Shek was elected chairman of the Central Political Council and the O.P.O. bas con- firmed the appointment of the pre sent Ministers, with the roeption of the Minister of Railways and of Education, and has appointeded the respective Vice-Ministers, Lied Shen Hai and Li Shu Hus, to be the acting Ministers.
AN APPEAL TO CHINESE
PLADIES....
VKLADÁILY, PILERS."]
Mr. LB. Trevor
Previously acknowledged 19,225.70
Total
-622,921.
9. A. ARTHUR, Hon, Treasurer,
Navy League Poseidon Fund,
Hong Kong, June 16, 1931.
TWO CORRECTIONS.GA
Her alleged wistims include her husband, her orphaned nephew, Thomas Meyers, and two boarders, William Reman and Thomas Lana gan, all of whom have been report (TO THE EDITOB OF THE “HÒNG KONG cd by soroners to have died from
It is regretted that owing to an poisoning, and all of whom were
Sta, In forwarding you herewith error Mr. F. H. Crapnell was insured in favour of Mrs. Summers.my small contribution towards the credited with having a subscribed. A fifth person who died at the Poseidon Fund. May I be permit 8£50 to the Poseidon Fund. This Summers' home, who was also in ted to suggest that some on or amount was subscribed by the Staff uredin Mrs. Summers favour, more Chinese ladies of the Colony of the Hong Kong and Kowloon was not mentioned in the charges, should make an attment by Tap Wharf and Godown Co., Ltd, and
Jarger than the eight-ton Vickers Led homeless by the disastrous blaze continues, although the coroner brought outproaching every Chinose shop of the the Treasurer of the Fund tenders Virginia Bomber, hitherto the and three of the inhabitants are The exports for May, werd valued the fact that, Mrs. Summers was Colony and ask them to each sub an apology for the mistake
largest and most powerful fighting reported to be missing
aircraft in the world.
The new machine has four Rolls-
The
Royco engines, developing 1,020 horsepower. Two of the engines
WOMEN LONDON, June 17, are mounted as tractors and two-
It was stated in the House of as pushere
Commcns to day, that a scheme for Itin/07 fert long, 29. feet high brosdeasting programmes to the and as a 00 feet wing
British Colonies and Protectorates, weighs 12 tons and in recently submitted by the British and load ɑhows a
range [dorable.
Broadoasting Corporation, is badvanco on any other bombing ing, studied;by the Government type.
DO-X RESUMES FLIGHT
THROUGH REUTER'S AGENCY.).
PORT NATAL Juve 19. The DoX took off for Bahis to-day
at £41,000,000, which compares with 504,000,000 in May of last year med, the beneficiary in 18 insur scribe only one dollar or less for We must also apologise for s
such a worthy call for sympathy 1 mix-up of the three brokers'..... The imports during the month ance policies held by ten persons, were £35,000,000, which compares After she was arrested Mrs. Sum The Chinese residents of Hongganisations, whose gifts wore with £83,000,000 in May last year mers insisted that her husband had Kong have always answered the call follows: On Monday, the Exchange These figures are the lowest since urged, the others to take out insur for any good cause, and I have no Brokers Association $1,000 con
ance policies to help a friend who doubt, that the thousands of shops Tuesday the Hong Kong Stock P October, 1914, TIKS
For the live months eaded May was an insurance agent, but ad- in Hong Kong and Kowloon will change $500 and $100 each from 31-exports totalled 220,000,000 amitted she had helped her boarders not readily refuse an appeal of this thirteen firms; on Wednesday
to pay the premiums on the policles, description if the matter in pro
compared with £356,000,000 in the same period last year. The im porta were 187,000, compared with 2297,000,000 a year
When the nephew died her hus perly represented to them.Your Hong Kong Share Brokers Ass
NUKUion $1,000, band's relatives became suspicious, jeta,,
CHARITY (Continued on previous: Colum and demanded an inquiry into his
No comments yet.
Private notes are available after approval.