1931-08-06 — Page 9

HONG KONG DAILY PRESS, THURSDAY, AUGUST 6, 1931.

"LORD READING EMPIRE MARKETING SENSATIONAL FALL

ENGAGED.

BOARD.

IN STERLING.

WEDDING. TO TAKE PLACE | ABOLITION CRITICISED BY

THIS WEEK.

(THROUGH NEUTER'S AGENCY.]

V

LONDON, Aug. 5. The engagement is unnounced of Lord Reading and Miss Stella Charnaud, who was a member of the Viceregal staff in India when Lord Reading was Viceroy,

The wedding taken pines this wock,

t:

BRITISH PROGRESS IN.

GLIDING.

AUSTRALIA..

(THROUGH REUTER'S (AGENCY.}.

CANDERIA, Aug: '$.

Mr. Parker Moloney, Minister of Markets and Transport, informed the House of Representatives that the Government would do its the Empire Marketing Board which utmost to prevent the abolition of

was recommended by the Economy Report.

NORMAL BANKING IN GERMANY.

DR.

BRUENING'S WARNING

TO NAȚION.

(THROUGH RECTER'S AGENCY.)

EFFICIENCY OF MACHINES.

(OLITION WIRELESS SERVICE)

RUGBY, Aug. 4. In flying circles amateurs devot- ed to the new sport of "Gliding”? are already looking forward to the International Oliding. Competition to be held under the auspices of the British Gliding Association, in

BERLIN, Aug 4. the first week of October when an

General banking business resumes International Commission for no to-morrow, so Dr. Bruening broad- terlena flight is in session in Lon-cast an appeal to the nation to don.

keep its head and not, overwhelm the banks.

It is thought that British en trants will be able to show that

SELLING WAVE ORIGINATED IN PARIS.

||THROUGH" RKUTER'S AGENCY.]

LONDON, Aug. 3.

A sensational slump is sterling

and a fall in securities occurred, this morning after the markets opened. from 4.8675 to 4.5437,

The New York exchange dropped

to 123.50.

The Paris exchange from 123.90

The fall continues, and a rumour is current that the slump is attri- butable to the Banig of France Ruddenly withdrawing ita support to sterling and buying dollars instead. Anyhow the selling wave sectos to have originated Paris,

New York cables say the slump has caused a great surprise there.

MISHAP "TO AIR

LINER.

PASSENGERS ESCAPE: SPECTATOR INJURED..

[THROUGH REUTER'S AGENCY:}

The Chancellor reviewed the

AMSTERDAM, Aug. 4. remarkable progress has been made events of the past week and de-liner, carrying thirteen persons A Dutch air-mai and passenger in British Gliding since the lastclared that Franco-Germain rulaaboard, came to grief at the local International meeting in England tions wore extremely important, aerodrome to-day, fortunately with- in 1022, and enthusiasts point to and that the statesmen's conversa- the new British duration record of tions would be continued in the six hours set up by, Flying Officer frankest manner. He also pointed Mole last week-end as proof of the out that President Hoover's mera-endeavouring to bring the machine. high standard reached.

British Arima have taken up con.torium, if it were adopted, did not

to earth again at Amsterdam abro mean that easy times were ahead. drom when it enllided with a signal

pole.

struction of Gliders and are now producing, types of high efficiency.

INTERNATIONAL "VARSITY

TENNIS.

.

Government Control.

Dr. Bruening, in the course of his brondenst anped this evening in connection with the resumption of banking business and arging the nation to keen its head, referred to the report that all hanks would be placed under Government con- trol,

BRITISH WIN,

(BNÍTIAN WIRELESS "SERVICE.]

Ho sair that it had been essential for the Government to come to the Ruony, Aug. 4. In an International University could not renounce measures in rescue of big banks and Government. tennis match at Eastbourne to-day preparation to regulate the entire Oxford and Cambridge brat Har-credit and capital of the system. vard and Yale by sixteen rubbers This "did not mean a blow at the to Ave, the largest margin since freedom of banks, but that the the inception of the contest.

state, had now, on the urgent re- quest of those concerned, assumed an obligation to take preventivo measures for the future which other nations had taken long age

MADDENING MOMENT S

Somebody

blundered/

They'd done everything. Her wedding present was brought down from the attic. The cat was sent away for a few days. The cocktail shaker was hidden. Everything looked lovely. And then... thisavalanche of borror, Her. precious, not-to-be-done without Ovaltine Rusks forgotten. Replaced by these ...these ordinary rusks ... these plain.tastelessthings.... They heard her multering through ber lorgnettes. She moaned for her Ovaltine Rusks. She crooned their praisce to herself...delicious, scrunchy...crisp ....... so good ́** for the digestion. . . . . Their .. timid apologies were drowned. They wondered miserably which of the Rest of the Family. would get ̈ the money.... ‘OVALTIN E

RUSKS

Renewal of Credit. BRITISH WIRELESS BERVICE]

RUGBY, Aug. 4. The Bank of International Settlements has decided that "the first meeting of the Committer, set up at the request of the London Seven-Power Conference to, inquire into, the immediate credit needs of Germany and to study the possibl lities of converting a part of the present short-term credits Inte long-term credits, shall be held next Saturday, -

Meantime, the Board of the Bank bas authorised a renewal for three months of the credit of £20,000,000 necorded to the Reichsbank which was due for repayment on Thurs day, auch renewal to be effected in agreement with the Central Banks

Mr. Albert Wiggin, the Ameri- end member of the Committee set, up by the bank, is on his way to Europe aboard the liner Tale de France, and will arrive on Fri- day.

LINDBERGH EN ROUTE TO AKLAVIK.

[LEUTER'S AMERICAN SERVICE}

.: OTTAWA, Aug. 4. Col, and Mix, Lindbergh took of from Baker Lake to Aklavik, eleven Hundred miles away, above the Arctic circle, at 6.25 p.m. (Eastern Standard Time).

AKLAVIK, Aug. 5. The Lindberghs arrived here to day.

ROUND-THEWORLD FLIERS.

VISITING TOKYO.

Moscow, Aug. 5. Paughorn and Herndon who are still resting at Khabarovsk have decided to fly to Tokyo to-morrow and will spend a week there.

Pangborn in slightly disposed.

DO-X · EN ROUTE TO

NEW YORK.

[BRITISH WIRELEAS BERVICE,)

Rio de Janeiro, Aug., 5. The flyingboat Do-X took off this morning for Bahia on its way to New York carrying mails and nine [a.z.n. 14] passcogers...

ARVITAAN MALASTINA » POMELLISRING

out serious results. after the take off and the pilot was Engine trouble developed son

The pilot managed, however, to land safely, and all aboard escaped serious injury. A boy watching the neroplane's, manœuvres was, how- ever, seriously injured.

HOPE TO BEAT RECORD.

(BRITISH WIRELESS. SERVICE)

Ruony, Aug. 4. Considerable interest has been

roused by the attempt to break. Mr. C. W. A. Scott's record of ten. days, 23 hours, for the Australia Australian pilot, Mr. A. J. Molli- England flight, upon which the

eon, is engaged.

He left Wyndham, Australia, on July 28, at one o'clock in the morn ing dying a De Havilland Mothy with Gipsy Mark 11..engine.

Reports of his progress encourage, the hope expressed in the London papers last night that he will suc ceed in keeping to his schedule and will complete the flight to-morrow, in.a final hop from Athens to Croy- don, beating the previous record by a day, and a half,

MR. EDISON.

PROGRESSING SATISTAC-

TORILY,"

[RCUTER'S AMERICAN SERVICE]

WEST ORANGE, Aug. 4. Edison, the noted inventor, is progressing so satisfactorily that he was able to take a motor ride yesterday.

Smiling like a boy let out in play, he walked unassisted to his car...

ROUND, TABLE CONFERENCE.

INDIAN DELEGATES TO

ARRIVE IN OCTOBER.

İTHROUGH REUTER'S AGENCY.]

REVISION OF WAR DEBTS INEVITABLE,

AMERICAN BANKERS ON GERMAN SITUATION.

IREUTER'S AMERICAN HERVICE]"

New YORK, Aug., B.- The New York Times says that as a recent meeting of New York

MEXICAN FINANCIAL

CRISIS.

FOREIGN BANKS MAY HAVE TO WITHDRAW..

[THOUGH REUTER'S AGENCY.]·

NEW YORK, Aug. 3. Conditions in Mexico have been

reduced to chaos by the recent

standard there, according to the francial law establishing a silver

New York Tinies, which quoting New York bankers, predicts that foreign banks operating branches in Mexico will probably have to withdraw from the country as the establishment of silver as legal tender has caused countless dis putes in cases where contracts aro expressed in terms of "gold, "

DUE AT TOKYO. TO-DAY.

AMY TO BE GUEST OF BRITISH AMBASSADOR.

THROUGH BRUTER'S - AGKNOY. ]

HARDIN, Aug. 5.

CANTON TROOPS

ADVANCING:

NANKING FORCES MOVING SOUTH.

(From Our Own Correspondent.)

CANTON, AU 5. According to an official communi-

Miss Amy Johnson took off from landed at Tsitsihar at 8 am. for qué from Hunan, received hero to Hailar at 5.20 this morning and

fueling before taking off for day, Chiang Kai Shok is sending

Harbin.

SHANGHAI, Aug. 5.

several detachments of his trusted Harbin at 9.18 this morning and after an hour's rest took off for

Miss Amy Johnson arrived at troops.to Hunan, his object, being to try to block, the advance of the Mukden, landing there at 8 pm.

anti Nanking armies marching Amy hopes to reach Osaka to-mor.northward. These Nanking troops, from where she will make her under General. Chang Chan Hon, Anni hop to Tokyo...

according to the message, are head. Tremendous Interest.

TOKYO, Aug. 5.

ing for Poching in south-western Tremendous interest has been Hunan, where the opposing Kwang- aroused by Amy's flight to which si troops are converging. They are. the vernacular papers give promin-reported to have renched Heng- onee.. Many entertainments are chow and are enlisting the support, being arranged in her honour, and according to the mcasage, of L later she will proceed to Chusenji Ming Sui and other brigand lenders, as the guest of the British Ambas

bankers. it measure to deal with the short

was stated that day term credit problem in Germany can only be a temporary palliative, and that bankers consider the only cure for financial troubles infer many must involve an entirely new outlook regarding reparations, which will pave the way for the flotation of a new, long-term loan, It may be impossible to attempt to senle down or eancel German Reparations payments without a corresponding adjustment of War

Paper Money is Mexico, Debts owed by Europe to America.

Mexico City, Mex., July 90.-The With few exceptions the bankers Treasury of the Mexican Governador. believe that a general revision ofment ordered to-day that effective these debts is inevitable."

from to-morrow,, all money, ex- change houses in Mexico are to be closed.

BANK HOLIDAY ENDS

WITH STORM.

TANKER GOES ASHORE.

[SAITISH WIRELESA BERVICE]

The order is issued on the grounds that the recent specula. tion has been harmful to the Mexi

fan

Plans Changed.

LATER. Contrary to her original inten- tions Miss Amy Johnson hopped off from Mukden for Seoul at 3 p.m. She landed at Seoul at 7.30 p.m., where she will spend the night.

TRIBAL FIGHTING.

PRETENDER ARRESTED.

THROUGH REUTER'S AGENCY.]

peso. While the exchange. houses are close, it is understood. the Government will make an at tempt to fx. a more favourable official exchange rate to which the banks will be compelled te ndhere.

The action of today follows that; RUGBY, Aug. 4. of Monday when the new The end of the Bank Holidaytary law went into effect, remov week-end coincided with a

severe ing gold pesos from circulation and don and the South Eastern coun-approved by hoth houses of the na.maritzburg has ended with the storm. Thunder brcke over Lon- leaving coly silver.. The new law,

CAPETOWN, Ang. 4. The tribal fighting in Pioter tries last night and crowds return- tional congress, rdforms the

arrest of the Pretender to the ing late were drenched by heavyganic law of the Bank of Mexico Regency and two hundred of his

and authorized the issuance of pa- followers.

Tain,

mcne-

or-

High sene in the Channel and per money the amount of donblo the Thames Estuary buffetted ples-the bank's gold supply and foreign. sure steamers, dolaying the return money reserves. of some for four or five hours.

The crossing from France declared to be the worst this sum-

mer,

(25

The storm was followed to-day by a thick fog over the sen, in went ashore Dear Dungeness. The which an oil tanker of 8,000 tons

vesan! was refloated this afterncon, All shipping has been slowed down on account of the blanket of fog

WEATHER REPORT.

Yesterday's weather report, forecast and remarks, issued by the Royal Observatory at 5.45 p.m., stated:-

The typhoon is about 250 miles SE of Oshima, moving E.N.E. The depression over Hainan appears to have filled up leaving an area of relative- ly low pressure over the north- era part of the N, China Sea,

Local Forecast -E. or vari able winds, light to modernte; 、| cloudy; some thunder showers ut first; improving later.

CATHOLIC CHURCH

'RAIDED.

OGPU OUTRAGE IN POLAND.

THROUGH REUTER'S AGENCE.]

WARRAW, Aug. 4.

LONDON, Aug. 4. Two distinguished pocis, Sir Mahanumad Ikbal Wico, eckaow- edged as the greatest Urdu and

Great indignation has been rous Persian poet of the present day effect that a detachment of troops ed by a report from Vilna to the and Mrs. Sarojinni Saidu, who is n noted porless and also a leading acting under the orders of the figure of the Indian Nationalist gpu recently raided a Catholic movement, will be among the dele-chapel in a Russian village near the gatee from India when the Round Polish frontier and shot seven per- Table Conference resumes in the

sons dead, arresting a hundred and forty-five others. Autumn..

The outrage was carried out merely because the "people attending the service.

Further invitations have been issued for the resumed Conference, bringing the total number of dele.. gates from eighty-nino to 108.

were

It is further reported that the ccal chief of the Ogpu subse quently stated that he went to in. wvestigate a report that a meeting of counter-revolutionaries was being held in the chapel, and that on

Mr.

The now members also include Lord Snell, Lord Hailsham, the Conservative lawyer: Mr. Pethick Lawrence, M.P.; Graham White, P., the rulers of two of the smaller Indian States; the Mohammedan lender, Shaukat Ali, whose brother, Mohammad Ali, died during the Conference last win- ter: Dr. S. K. Datta, the Secretary of the Y.M.C.A. in India; and Bir Ali Iman, the well-known Moham- merlan Nationalist.

The date of the resumption, of the: Full Conference has not yet been fixed, but all the delegates have been asked to reach London at the end of October,

Two important sub-committees, amely that dealing with the Federal Constitution and that deal ing with the protection of the inter esta of the minorities will asserable in September. Gandhi is a member. of both these committees.

arrival bis troops got out of con troj on being refused admission.

MR. LLOYD GEORGE,

2

MAKING SATISFACTORY

PROGRESS.

[DRITISH - WIRELESS KKRVICE.]

Kuomintang warrior, may be ap- pointed Commander-in-Chief of the Expeditionary Forces.

SHIH YU SAN'S BEATEN ARMY.

NO FEAR OF HUNAN ARMYT

[CENTRAL PRESS.

CANTON, Aug. 1.

The First Group (Canton) Army and the Fourth Group (Kwangsi) Army have advanced simultaneous. ly from Shiukwan and Kweilin into Hunan province. According to military report to-day, the Canton forces have reached Chingchow, Hunan, and the Kwangsi. forces have reach Yungehow, also in the same province.

The two armies are now moving. northward with Hengchow as ob-

Hengehow as the first line of de- jective. The bulk of General Ho Chien's troops aró concentrated at

fence. The Nationalists (c. Can- ton forces) do not expect much opposition from Ho Chica's army; as many of the officers and men were former subordinates of Gen the National Government, who has eral Tang Sheng Chi, a member of taken part in the present campaign.

The new paper pesos circulate on a par with silver pesos, which are legal tender in the payment of gold peso debts previously contracted.

After taking Hengohow, the Silver pesos, until the now law.

National forces will push on to were exchanging at a discount of

Changsha and then to Wuhan. À portion of the expeditionary force from 30 per cent, to 40 por cont. compared with gold. The new law

will turn eastward to Kianget with has compelled hanks to repay gold

the obiect of capturing Nanchang, (Wah Taz Yat Pao.)

The 19th Route Army are awaiting peso deposits in only 30-per cent. of gold and the remainder in silver.

the coming their comrades from at the value of the actual gold,

PEIPING, Aug. 5.

the south in order to join them in Since gold pesca have been cancell zone has been cleared of Shih Yu

The Peiping-Hankow Railway the march on to the Yangtsze.

Several military ed as legal tender there has been San's troops. Shih's remnants are Centon this afternoon by steamer officiala leit widespread speculation,

Thoir concentrating on the western Shan- for Hong Kong where they will owners have been selling at a dis tung border, apparently awaiting meet General Chinog Kwang Nai, count which has varied a violent for an order to be reorganised into commander of the 18th Route ly that now the Government has the Shantung Array by General Army, who has definitely parted elesed the exchange houses until it Hon Fu Chu, who is reported to be company with Chiang Kai Shek. has established a new rats.

going to do so in spite of Nanking's objection.

MR. STIMSON. IN SCOTLAND.

(THROUGH REUTEN'S AGENCY.]

LONDON, Aug. 4. Mr. H. L. Stimson, the United States Secretary of State, has reer- ed a house at Rogart, near Golapte, Sutherland.

Mr. Ramsay MacDonald is visit ing him on Thursday for i couple of days.

OIL WELLS.SHUT DOWN.

OKLAHOMA GOVERNOR CARRIES OUT THREAT.

(REUTER'S AMERICAN SERVICE)

New York, Aug. 4. The Governor of Oklahoma, in accordance with the throat issued last week, has issued an executive walla, and establishing martial law order, shutting down 3,108 oil- for a distance of fifty feet round ench woll.

The action has been taken as a result of the failure of the oil companies to comply with his or der to increase the price of petrol from fifty cents to a dollar a bar-

rel.

The demand was put forward' because the State is securing no revenue from the oil industry with prices at such a level.

"SHAMROCK" WINS KING'S CUP.

(ORITISH WIRELESS SERVICS]

Ruany, Aug. 4 The race for the King's Cup at Cowes to-day was won by Bir Thomas Lipton'a : "Shamrock,⠀ in four hours, sixteen minutes

It was the first time Sir Thomas had 'been able to enter for this BIGEY Agung trophy, The Kings entier Bri

A bulletin issued to-night states (fannin, "la was scratched, from the that Mr. Lloyd George la making race by His Majesty following an steady progress. He is free from accident yesterday, when the Be pain, sloops well and his general, cend Mate was swept overboard and condition is-improving. T

drowned.

Shih Yu Son's personal move- ments are being kept secret. He is reported to be going to retire and live at Dairen.

A

It is possible that General Chieng will come to Canton to vce his many colleagues and friends here.

Unconfirmed reports state that General Hsu Houng Chi, veteran (Continued on previous column.}

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