1931-08-20 — Page 9

BRITAIN'S FINANCIAL GERMANY'S SHORT-

POSITION.

A GENERAL 10 PER CENT, TARIFF FOR REVENUE?

PROPOSALS TO BE MADE

KNOWN" TO-DAY.

THROUGH EXUYER'S AGENCY.]

Longon, Aug, 10. The Cabinet has assembled to hear the economy proposals and it in expected to deliberate until a late hour

[BRITISH WIRKLEAB KERFION)

Rucny, Aug. 15) The Committee of Five Cabinet Ministers, under the chairmanship of the Prime Minister, which is examining economy proposals was in session for nearly alx hours to day. When the afternoon meeting ended at six o'clock it was stated that the Committee had completed its survey of the economic and financial position. To-morrow morning the results of its delibera tions will be placed before a full Cabinet meeting,

on

Intorest is now. "focused Thursday's proceedings when Government's plans for dealing with the financial situation are ex- pected to be revealed to its follow. ers.

TERM DEBT.

BANKERS ESTIMATE IT AT

7,400,000,000.

M.7.

[TURODOH RENTCE'S

BALS, Aug: 10. Germany's short-term dobt is at prosent Mks.7,400,000,000, according to the report of the International Committee of Bankers, which esti

HONG KONG DAILY PRESS, THURSDAY, AUGUST 20 1931.

HUNGARIAN CABINET SCHNEIDER

RESIGNS

OWING TO COUNTRY'S FINANCIAL CRISIS.

(THROUGH REUTER'S AGENCY.]

The Government of which Doctor Bethlen has been Premier for decade, has resigned, it is believed owing to the Hungarian financial

crisis.

mátos that during the last seven months short-term credits of Count Karoly, the Foreign Minis Mks.2,900,000,000 were withdrawnter, has agreed to try and for a from Gerinany."

new Government in which he will retain his old portfolio. M

The report statos, internali, that foreign creditors have agreed {with :Geriñan debtors that only a certain proportion of their avail able, assets in marks will be reak ised immediately, the remainder to be released gradually

The report emphasises the noces sity of Germany severely restrict ing her imports and developing her exports in order to improve her currency.

COLD ESTABLISHED BANK

A

SUSPENDS PAYMENT.

(THROUGH NEDTER'S AGENCY)

BERLIN," Aug. ̈ 10.

“

The well-known private bank, Damns and Streit, of Cassel, which was founded in 1803, kas suspended payment.

REPORT SIGNED.

(THROUGH REJTER'S AGENCY.]

BABLE Aug, 18.

"The Consultative Committed of twelve, which keeps Ministers in touch with the Puitiamentary. Lab- our Party, meets in the morning,

The Committee of Experts has and in the afterno, there will be a joint meeting of the General signed the Layton Report regard

Council, of the Trades Union Con- ing marks credits held in

gress and the National Executive many.

of the Labour Party, and it is ex-

pected, that the Prime Minister

and his four colleagues on the

Ger

Cabinet Economic,, Committee, M. PRINCE LANDS SAFELY IN

Philip Snowden, Mr.. Arthur Henderson, Mr. Graham and Mr. Thomas, will be present at both meetings

On Thursday or Friday, it is anticinated that: consultations with the Opposition, Leaders will be renewed?

Impenetrable Becret. [THROUGH REUTER'S AGENCY.]

LONBOK, Aug. 18. The Cabinet Economy Committee cumpleted its survey of the general economic situation this evening after sitting all day long.

Reuter understands that Mr. Ramsay MacDonald and his col leagues have been able to reach a general agreement on the proposals. for submission to the Cabinet Council to-morrow. What those proposals are to be remains for the moment an itapenetrable secret. After the Economy Committee's plans have been endorsed" by a ̈full Cabinet they will be revealed to the Opposition Leaders.

Important meetings with the three most powerful and most in fluential Labour political organisa tions with the object of ensuring: goodwill for the economy propo- unls will form part of Thursday B sugagements. Mr. MacDonald and: Mr. Arthur Henderion will address one of ench,"

26

FRANCE.

MEETS BAD WEATHER

DURING FLIGHT."

(THROUGH REUTER'S AGENCY.)

BIARRITZ, Aug, 18. H.R.H. the Prince of Wales, who took off in his private plane from Windsor Great Park this morning, has arrived here after an adventur our flight in extremely bad weather,

[BRITISH WIRELESS SERVICE.]

* Rugny, Aug. 18.

Surprise to Whole Politics

LATER.

The resignation of the Cabinet has surprised the whole political world, and the only plausible ex- planation so far given is that Dr. Bethlen feels that Hungary turned the corner and it is time to letounger men take up the burden.

BRITISH GREENLAND EXPEDITION.

EXTENSIVE AREA CARE-

FULLY MAPPED.

(THROUGH REUTER'S AGENCY.]

TROPHY

TRAGEDY,

YOUNG BRITISH "AIRMAN KILLED.

CRASHES INTO SEA ON FIRST HIGH-SPEED TRIAL,

{THROUGH REUTKE'S" AGENDY.]

LONDON, Aug. 18, Lieut. Brinton, one of the seven members of the British Schnolder Trophy tonin, plunged into the men the high-speed pinnes used for training, and was drowned.

AN EPIDEMIC OF POLITICAL SICKNESS

CAMPAIGN AGAINST NAN- KING STILL IN. ABEYANCE.

(From Our Own Correspondent.),

CANTON, Aug. 19.

For some unexplained reason the number of political sicknessGE ÄR Canton is on the increase, Gontral Chang Fat Fui, Commander of the "Iron Army" which had figured ao much in this part of China during the last saveral years, was among the brst of the leaders of the National Government in Canton to become "nick"? The famous "Iron side commander has been staying

**

DEATH ROLL DAILY INCREASING.

JAPANESE CONCESSION NOW IN DARKNESS

(TAROUGH 'REUTER'S AGENCY.}

Haskow, Aug. 18, The waters, to-day" reached a new record of°581 168!!"

The death-roll is increasing [daily."

There is general exodus of Chinese families by Shanghai steamers which are packed. C

SIX

CHINESE GUILLOTINED.

BRITISH PROTEST AGAINST EXECUTIONS.

MOST BARBAROUS AND GHASTLY SPECTACLE,

(THROUGH REUTER'S ADENOV,]

WELLINGTON, Aug. 19. Six Chinese are reported to have

of Calshot) this ovening in one of montha or more, hoping children are already mostly absent According to officers and passen."

Lieut. Brinton, who was 24 your of age and one of the youngest members of the British team, was the first and only airman selected. from the Naval Air Arm for high- speed dying,AL STORY gs

He took off towards dusk for his light in the Supermarine Rolls-Royce 8-6A, the machine in which the late Flight Lieut. H. R. D. Waghorn (who was killed while testing a plane in Jane last) won the Schneider Trophy at well over 300 x pih, in 1929,

Tragedy Described Router's representative at Cal shot, describing the circumstances of the tragedy, anys he saw the machine rising from the water as though to take off.

It was travelling at about a hundred miles an hour.

COPENHAGEN, Aug 19, After thirteen months amid the desolation of the Greenland Ice cnp. six members of the British East Greenland Expedition arrived

After a second or two of flying here from Scoresby Sound, on heard the steamer Gertrud Drak

clear of the water, the place made The explorer Chapman when in-water heavily. It appeared to a downward swoop and struck the terviewed said that he was of the bounce about forty feet into the air and then crushed and turned turtle.

opinion that an aircoutée across Greenland would only be possible when Greenland had been carefully mapped.

He also mentioned that the ex- pedition had mapped an extensive ares and had taken five hundred photographs.

GRAF ZEPPELIN TOURS ENGLAND.

PRESENTATION TO DR. ECKENER.

I

[BRITISH WIRELERS" SERVICE}

RUGBY, Aug. 18. The German airship, Graf Zep His Royal Highness had to interpelin, commanded by Dr. Eskener, Tupt his journey more than once flow to England from Friedrich- on account of the adverse weather, shafen to-day. Calls were made at Lymphe, Le Bourget and Tours,

The Prince is spending a holiday at Cap Bretos, near Biarritz,

1,000-MILE FLIGHT IN

ARCTIC.

DIFFICULTY IN KEEPING

MACHINE UP.

(THROUGH REUTER'S AGENCY.) The Daily Herald, Labour or

COPENHAGEN, Aug. 18. gan, says that the Economy Coin-

The German airman, Gronau, who mittee proposes to place before the Cabinet for decision a general air route, made a 1,000-mile flight ten per cent. tariff for revenue to Godthash from Scoresby Sound.

Herols Efforts to Save Pilot: Motor-launches rushed to the scene of the mishap from every direction, and a number of men, including another member of the Schneider Cup team, Flight-Liout. L 8. Sunith repeatedly dived fromth the launches in heroic efforts to

extricate Lieut. Brinton from the wreck of the 'plane.

One of the mechanics actually got hold of Brinton, who was still în the cockpit, but he was unable to release the safety belt and was forced to let go by exhaustion.

The rescue parties found the floats of the machine torn from the machine and drifting eight yards away.

LATER.

The Japanese Concession is now. in darkness na the power plant is flooded. The Japanese are start in Hong Kong for the last two ing to evacuate their Women and cover."

to re-children. Other foreign women and

on Summer holidays. Y now ten miles wide, while between Above Nanking the Yangtze is Kiukiang and Anking the, width of the river in twenty miles. Y

JUNK CAPSIZES: 300

::DROWNED.

boon publicly guillotined at Viln New Hebridges (which is under Joint Franco-British administra. tion), by a Japanese executioner, after conviction by the French Court for the murder of a French planter E

gers of the mission steamer South-

cruise of the islands, this netion bas een Cross, which has arrived from n incensed British residents on the islands and the reting British Resident Commissioner has protest. ed to the Anglo-French, Foreign Offices against the executions, which were carried out opposite the French hospital, in which were a dumber of women and children.

Eyewitnesses describe the spec. tacle as most barbarous and most ghastly.

General Hsu Chung Chi, a new leader of the Canton group, and bitter enemy of Chiang Kai Shok and the Nanking Government, has General Hsu, it will be recalled, also been aick" for some time

Danger of Disease, was the Commander-in-Chief in the At Wachang the situation is campaign against General Chen serious. All the streets are flood Kwing Ming in the East River digod, and, owing to lack of modera tricta soms eight years ago. Duti sanitation, there is a grave danger

Last week two more important of the spreading of disease. personages of the Canton régime, General Chen Tani Tong and Mr. Wang Ching Wei, fell sick." The latter left for Hong Kong to bo "cured" while the former Both re- remained at Canton. fused to receive callers, especially newspaper reporters. Mr. Wang Ching Weir loader of the Left Wing of the Kuomintang, has long been an uncompromising op- ponent of Chiang Kai Shek's policy at Hankow yesterday, when four of and mode of government, while the ten juaks under the direction General Chen Tsai Tong's connee of the Flood Relief Commission, tion with the anti-Chiang movement which were heavily loaded within ma is only a matter of few months. refugees suddenly capsized, with 15 is not known when Mr. Wang the result that over three hundred of the unfortunate people were drowned, the strong current handi- capping all rescue work.

WEATHER REPORT.

Yesterday's weather report, Iroecist and romarks, issued by the Royal Observatory at 5,15 p.m., stated:-

A feeble anti-cyclone is cen tral over Japan. The depres- sion over S.W. China has de- creased slightly in intensity,

Local Forecast:-S. winds, moderate; cloully; occasional rain;:

Ching Wei will be "well" enough to return to Canton to resume his

(Wah Tie Fat Pao.)

SHANGHAI, Aug. 19. Another pitiful tragedy occurred

Originally fourteen Chinese weTO tried for the murder, four were Rentenced to life imprisonment and the remaining four to 7 and 12, years' imprisonment,

NAUTILUS LEAVES

FOR NORTH POLE...

START OF ADVENTUROUS VOYAGE.

LONDON, Aug. 18. The Polar submarine Nautilus, with Bir Hubert Wilking" aboard, has left Longyear City, Spitzber gen, at 4 pm, on an attempt to reach the North Pole under the Arctic ice-pack.

"To Last, Three: Weeks.

•* : [TREGUOH, REUTER'S "AGERGY;} During the last few days, several

LONGTEAL CITY; Aug.10. more leaders of the Canton Govern. The Nautilus started unescorted, inent, including Mr. Sico Fat Shing, us the proposed arrangement with

Body Found.i

work. red Schneider plane was pulled The airship crossed the Channel- When the fuselage of the wreck late in the afternoon and after ashore late to-night, the body of visiting several South Coast resorts, Linut: Brinton was not found in headed for London, over which it the cockpit as expected. cruised for nearly an hour before. It is believed that the bolt must landing at Hanworth to disembark have broken and that he was its passengera..

washed away.

LONDON, Ang 1: The body of Lieut. Brinton was found in the tail-end of the wrecked fuselage, a

THROUGH REUTER'S AGENCY.]

„London, "Aug. – 19, The airship first appeared over Hanworth before proceeding to London just after six o'clock in the evening. Over Central Condori, the giant vessel attracted the inter ested gaze of thousands of home- going workers.

The airship crossed the Thames near the Houses of Parliament and

is surveying an American.Europeande its way back to Hanworth

where it arrived, at 8.45 p.zz, and landed exactly at 7 p.m. in accord- ance with the suggestion previously

purposes, the temporary suspen- He had the greatest difficulty in made by the authorities.

J

PURELY AN ACCIDENT: NO DEFECT IN MACHINE.

[BRITISH, WIRELESS BERVICE]

RUGBY, Aug. 10. Experts examination has reveal- ed that the disaster was purely an accident and was not due to any the exception of one wing has been Lieut. Brinton was the first re- recovered. A MAN SOM

presentative of Fleet Air Arm.in the Schneider Trophy team. He was

Bion of the Sinking Fund; and a keeping up his machine, owing to The Graf Zeppelin left,Hanworth defect in the machine, which with. special tax on fixed interest bear ice forming on the wings. ing securites.

on a twenty-four hour cruise of the British Isles at seven minutes past oight.

Congratulations.

En Route to America, INVIGTUT, Greenland. Ang. 10. The German airman Gronau has MR. M. NORMAN'S arrived here and is proceeding to During the brief halt at Han-extremely popular with his col- Dirko Bay from where he will hopworth, the Under-Seeretary for Air, leagues, among whom he was re "HEALTH TRIP. off for America.

Mr. P. Montagne, presented, Dr.cognised as a highly skilled pilot. Eckener with a gold casket us a His death has cast gloom over the mark of the British Air Council's congratulations on his accomplish camp at Calshot where, however, preparation for the contest are being continued.

The team have six other machines at their disposal, including two new Super marine Rolls-Royce 5.63 machines which recently emerged successfully from severe tests at Calhot.

ULTIMATE DESTINATION

NEW YORK?"

(THROUGH REUTER'S AGRICT.]

CHICAGO, Aug. 18.

THE LINDBERGHS PROGRESS. FORCED DOWN BUT RESUME

FLIGHT

A suggestion that: Mr. Montague.

-- (THROUGH : RIUTER'S AGENCY.] Norman's health trip" has New York as its ultimate destination:

TOKYO, Aug. 18: and that he hopes to turn the pre- sent Franco-American three-months taken off from Petropavlovsk, in Colonel and Mrs. Lindbergh have lank credit of 248,000,000 into a Siberia, for Numuro. purely American credit to the same

The plane took off at 0.45 am, amount, but for a longer period, is but shortly afterwards the machine put forward in the Chicago Daily was forced down at Aratcha Bay, News, Au

In copyright telegrams form owing to engine trouble. It was London and Basle to the Chiengole, however, to re-start at 10.45. Daily News, its correspondents ex- Forood Landing at Estol Island, press the opinion that "the Bank of the te Toxro, Augi: 19AR England will obviously be unable to According to a wireless message repay the recont short-term Franco- received by the Communications "American" credit without endanger Department the Lindberghs loaded ing the stability of the pound.

on the island of Kotoi, twenty-five kilometres north-east of Shinshiru island at 6.30 p.m., owing to fog

Montagu Norman's object, they say, is to reimburse the shirt -term loan, and to convert the Five Per Cont. War Loan on a Four Per Cent basis thus saying the British.

Government interest charges, and GERMAN WOMAN REACHES

lightening the British Budget

Wall Street banking circles proo

Ters complete ignorance of such a

move and officials of the Federal

Riserve Bank refuse commeat

Inquiries by Reuter in London ter

Moscow Aug, 18. elicited no confirmation of the Chi- |⠀⠀ Fraulein Marga von Etzdorf, who cago report Official quarters and following the trail of Miss Amy the Treasury in Downing Street Johnson to Tokyo, and who left state that they know nothing about Tempelhof Aerodrome this morning

landed at Moscow at 3.65 pm, the matter.

ments.

Air Mr. Montague said the Ministry hoped fittingly to show their appreciation of Dr. Eckener'z work on his next visit."TO [BRITISH WIRELESS SERVICE.]

RUGBY, Aug 18. A party of over twenty, including. the faster of Sempill and Colonel Sheimerdine, the Director of Civil her British cruise. Aviation, boarded the Zeppelin før

(THROUGH REITER'S AGENCY.]

LONDON, Aug. 18.

WHY HE REJOINED THE'

TEAM.

had a narrow spare,

The British High-Speed Flight The landing and departure at Schneider Trophy contest, to be now at Calshot preparing for the Hanworth was skilfully handled by held on Sept. 12, had to be changed a squad of 200 volunteers recruited owing to the accident on July from the local railway and factory in which Flight-Lt. E. J. L. Hope staffe

The local fire brigade pumped Flight-Lt. Hope happily was un- pelin, for temporary ballast. three tons of water into the Zephurt, and in well, but as there were Cnly a few weeks before the contest. it was considered unreasonable to make the heavy demands on him which further practice would ́en- tail. His accident was due to s piece of the engine cowling coming away and striking him on the head. He immediately alighted, fearing that trouble might dere lop, and in alighting at high epoed -got-into the wash of a liner The - NEW YORK, Aug. 18- nenplarie sank-but the pilot was The UuttadeStats, National Bank | rescuedzé

FURTHER US. BANK FAILURE.

"LOS ANGELES FIRM CLOSES DOWN,

[REUTER'S AMERICAN SERVICE .........

REVOLUTION IN CUBA.

FIVE HUNDRED REBELS LAND AT GIBARA,

(THROUGH REUTER'S AGENCY.)

NEW Yonz, Aug. 10. Despatches, which passed strict censorship in Cuba, include a re- port that, 500, reliels landed ̈ät: Gibara last night from the steamer Frederick II., said to be of Ger- "man registry.

DEMPSEY CHARGED WITH GENERAL CRUELTY.

ESTELLE TAYLOR'S REPLY

[REUTEN'S AMÉRIDAN SERVICE"

Los Anɑmma; (Aug 18

In reply to Jack Dempsey's peti

filed a divorce suit against Demp sey, charging him with generat cruelty.

the Dempsey's petition in on ground of" mental oruelty."

a member of the National Council a sealing vessel had not material-tion for divorce, Estelle Taylor has here, and General Li Hon Wan, aised. subordidate of General Chang Fat The weather is fair, but some fog Fui, have been added to the sick" | is expected. Jist.

The Polar voyage will last about Notwithstanding all the talk of three weeks. launching an expedition against the North, the Canton Government has na yet done nothing beyond the. concentration, of troops in Shiu- kwan and other, important towns on the northern border, of Kwang- tung. It is not known when the Anti-Nanking offensivo will coui- mence.

MORE PEACE TALK."

MADAME SUN YAT SEN'S APPEAL.

(Wah The Yat Pao.).

SHANGHAI, Aug. 19. Shanghai is now the centre of Canton and the fact that Marshal peace talks between. Nasking' and Chiang Kai Sher, who was here yesterday to attend his mother-in- Inw's funeral, is said to have parti dipated in the peace conversations, is evidence of "further progress in

the movement." "

Shanghai, has also had a hand in Madame Sun Tat Sen, now at the present reconciliation move- ment. She is reported to have wired to the Chat leaders urging them to put aside personal pre- judices in the interest of the coun

Canton's Attitude. Canton's

CANTOH, Aug. 19. While the higher authorities of cent regarding the reported peace the Canton Government are 'retl suggestions, official spokesmen still assert, in Press interviews, that the Canton Government was ready to declare war against Nanking. Cer tain pence suggestions have, how "ever been sympathetically consider,

ed in Canton political circles.:

FRENCH COLONIAL EXHIBITION.

NEW DUTCH 'PAVILION OPENED.

(THROUGH REUTERS, AGENCY, JU

Ka Los Angeles institution which is His place in the team was "talen er SAN J

not connected with the Government by Lt. G. L Brinton RN (FAfter six weeks work, the liew

in any way) did not open its doors this morning, delay dad The resources of the firm were stated to be over thirteen million dollars.

ing Offr., RAF), Fleet Air Arm. This officer had already been in the High Speed Tlight, but when it numbers wore reduced to five ht And another were transferred,

Dutch Pavilion at the Colonial Exhibition, replacing the one de stroyed by fire, was opened to-day,

beautiful. Javaness templa liter ally arising from the ashes.

Fine Generally, Wind S.E. Some showers later.

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