1931-09-23 — Page 9

CHANGES IN GOVERNMENT PERSONNEL SUGGESTED.

PLACE FOR MR. HENDERSON TO BE FOUND IN PRESENT MINISTRY?

CONSERVATIVES FAVOUR EARLY APPEAL TO COUNTRY.

(REUTER AND BRITISH WIRELESS.]

LONDON, September 31. Following the passage of the Gold Standard Buspension Bill a possibility has arisen, according to newspapers, of changes in the Government, which will result, in a greater measure of National: unity.

It is stated there have been negotiations between Mr. Ramsay MacDonald and Mr. Arthur Henderson with regard to the inclusion. of Labour Opposition in the National Government. It is suggested that if the Goverment will consent to modify the reduction of the naemployment benefit, Labour members will be prepared to co- operate fully in the work of the National Government, which, in Places in the that case, would remate in "office for two years. Ministry being found for Mr. Henderson and "other Labour ex- Ministers. It is also suggested that the increased cost of unem-' ployment might be met by means of a Tariff.

On the other hand it is stated that it is felt in Ministerial quarters that such a plan is impracticable and the fact that unem ployment benefit is excluded from the concessions; announced by the Premier yesterday, is believed to have disposed of the idea. Mean while, there was a meeting of Conservative binek benchers last night and it is reported they strongly favoured an early appeal to the country by the National Government, under Mr. MacDonald, on the tariff issue,

A memorial, signed by a score of Liberal members of Parlia- ment, is being sent to the Premier assuring him of their general support of the Government in any steps which may be essential for dealing with the present emergency. The document, however, does not mention tariffs, but some of the signatories interpret it as n pledge to support a tariff policy.

GOVERNMENT'S FIRST ACTION UNDER GOLD ACT.

LONDON, Sept. 22.

The Bret Government action under the Gold Act is to issue an order that the purchase of foreign exchange or the transfer of funds

1981 Gold Act Passed.

LONDON, Sept. 23. The Bill suspending the Gold Standard Act of 1925 has passed all stages in Parliament and re ceived the Royal Assent

therefor by British and other resi The London Stock Exchange dents in the United Kingdom is will be closed to-morrow (Septeni probibited, except for normal trad-ber 22). Thereafter, devisions will ing requirements or contracts exist be taken from day to day in r

gard to opening and clostog. ing before Sept. 21, or for reason able travelling and other personal purposes.

LONDON, Sept. 21. The Prince of Wales occupied a seat over the clock, when an ani- mated and almost excited Houss assembled to hear Mr. Philip Snowden introduce the Gold Stan- dard Bill. ~ **

Although the Stock Exchange is still closed. Throgmorton Street was again crowded this morning. There was a different spirit from yester- day. However, when no business Mr. Snowden explained that was done and the members of the the measure would not affect the Stock Exchange had been told, un-free gold market in London, and officially, that the committes had would not impede the removal of no objection in dealings outside the gold placed in safe custody with Exchange, there was an active the Bank of England by foreign street market from 10a.m.

London 'Changs Reopens To-day"

LONDON, Sept. 23. The Stock Exchange reopens to

morrow.

Normal Banking Business.

RUGBY, Sept. 22. The first day since the Govern- ment decided on the temporary suspension of the gold standard passed yesterday without incident, and to-day banking business all over Britain is proceeding on nor Amal lines, there being no sign what

ever of-public nervousness.

Stock Exchanges in London and provincial cities were again closed to-day as a defensive action to prevent further "selling of securi- ties by foreignors, .

Governments or links.

Where the British Government | was under an obligation to pay in gold (such as dollars) thoy would continue to meet those ob ligations.

Thanks to U.S.A. and France.

Mr. Snowden thanked the Gov. eraments of the United States and France for their readiness tu help us, and said that after as certaining that certain foreign commitments to Britain, could not be enlled 'in, Government was in formed by the Bank of England that the United States and French eredita, arranged by it, were cc. hausted, and the United States and French eredita, arranged by the British Government, werp pine- tically extrausted.

There was no evidence to show It is understood that the nitun that British nationals had been tion will be reviewed by the authori suba:quentially exporting capital, ties to-day, when the question of but drastic steps would be taken, the date on which the Exchanges with the co-operation of foreign will be opened will be considered.. banks in London, to prevent such

Mugh satisfaction is expressed in sales to the utmost

at newspapers, at the calmness with Government was considering the which Britain's decision was remobilisation of foreign sscurities, ceived abroad, and with the sym- which might form a reserve) gay pathy extended to Britain's diff cultice in all overseas financial centres,

BERLIN, Sept. 29. All Stock Exchanges and metal bourses will be closed today and

BATAVIA, Sept. 22. The Stock Exchange closed to. day."

to-morrow.

STERLING LOWER,"

NEW YORK. Sept. 22. Sterling is slightly lower and is quoted nominally at G84.11, repre- senting a drop of twenty-one cents,

PARIS, Sept. 22, Sterling closed at 104-

Africa to Remain on Gold

“Standard,

ten stand

PRETORIA, Sept. 22 "Trekkuryannopneen áty in

to maintain the Hold

Other Powers had made it ab- solutely clear that they would not welcomo a conference with a view to securing the co-operation of central banks, but Britain favour- ed that course and would continus to emphasise the urgency of it."

HONG KONG DAILY PRESS, WEDNESDAY, SEPTEMBER 23, 1931.

PRIME MINISTER INDISPOSED.

ORDERED FEW DAYS" REST IN COUNTRY.

[TINGUGH REUTER'S: AGENCY. 3

LONDON, Sept. 3 Mr. Ramsay MacDonald is suffer- ing from overstrain and has been ordered a few days' rest in the country.

DEMPSEY GRANTED'

DIVORCE.

(REUTER'S AMERICAN SERVICE]

RENO, Novada, Sept. 21. Jack Dempsey has been granted a divorce from Estelle Taylor.

ANOTHER 'QUAKE AT HAWKES BAY.

NO CASUALTIES,

(THROUGH REUTER'S AGENUY.

WELLINGTON, Sept. 21. A prolonged earthquake, appar. ently centred in Hawkes Bay, was felt at 1.10 am, in both islands.

frora Auckland to A message Christchurch states that sleepers in many centres were awakened, and that articles were hurled from shelves in Napier.

TRANS-ATLANTIC FLIGHT FAILS.

GERMAN AVIATORS PICKED UP ÄT SEA.

(THROUGH BEUTER'S AGENCY.]

HALIFAX, Sept. 21. The Norwegian steamer Belmoira picked up the German airmen, Rody and Johannsen, and the Portuguese Viega 80 miles off Cape Piuc, Newfoundland after sighting. the wrectnge of their machine:

The airmen left Lisbon on Sept. 33 and attempted to fly non-stop to New York. No news was received Irom them and hope for their safety was abandoned.

to countries depending upon Lon- don as to ourselves and, notwith standing, the risk of temporary dislocation of the machinery of international credit, he hopett sterling would continue to serve as tho medium of international: trade. Ee KAY. DO ronson why sterling should depreciate to substantial extent or for any great length of time; provided our fin- Ances were administered with pro- por: care.

2.

No Need to "Print Papor." Concluding on a note of firea confidence, the Chancellor of the Exchequer emphasised, "Thero as no need to print paper. We can face the position with chimness. Our inherent strength will pull us through the temporary dificulties.

MR. P SNOWDEN'S BRITAIN FAVOURS BROADCAST SPEECH, SILVER CONFERENCE

· BRITAIN WILL EMERGE, STRONGER THAN EVER.

THROUGH REUTER'S AGENCY.]

RESOLUTION PASSED BY CHINA ASSOCIATION..

(THROUGH REUTER'S AGENCY.)

London, Sept. 22. Sir Robert Horne addressing a meating of the China Association to recominend an investigation into. the silver problem, at which Mr. Amery was among the many pro- 11minent people present, said times were propitious for a conference on silver..

that He believed

President Hoover would be willing to will such" conference if he received evidence his invitation, would be welcomed

Lornox, Sept. 21. While Mr. Ramsay MacDonald found time to make a speech in connection with the Faraday Cen- tenary, Mr. Snowden, through a microphone installed at No. Downing Street told British listen ern-in to gird themselves for the economic fray with cheerfulness for sterling would not not go the way of the mark or fraud

The China Association passed. resolution in favour of the monetiza intion of silver and an International

Conference:

The British Budget was now the most securely balanced budget the world, and there was no longer any risk of internal inflation, and. though the value of sterling might fall in terms of foreign currency,

we could feel assured that the ex

FRENCH PREMIER TO VISIT U.S.A.

INVITATION FROM PRES. HOOVER.

THROUGH REUTER'S AGENOY.]

tomt of the fall would be limited. The result would likely be that we would have to pay higher for things we buy from abroad. Im- ported foodstuffs and raw mater). als enter so largely into the articles we consume that we must expect. to see, over the next few months, some rise in the cost of imported goods, but the rise was not like

It is understood that M. Laval ly to be very large. So far as the intends to accept the invitation great mass of the people were courand, after his visit this week: to cerned that really is the worst Berlin, will sail for the Caited

States. have now to fear.

Avoid Panic,

"I want to say, most emphatical ly, there is not the slightest pauso for the least anxiety about the money you have placed in banks or savings banks. It is perfectly! safe. Avoid panie, for panic can spread without reason and" with serious consequences.

Government has made exhaustive enquiries to-day, and we find we are well stocked in the country with supplies of all essentials of

WEATHER REPORT.

The weather report, forecast and remarks insued by the Royal Observatory, Hong Kong, at 5.20 p.. yesterday, states:

The anticyclone. appears, to be. moving chatward and is now central over the Set of Japan. The typhoon is less than 100 milca to the south of the Southern Point of Formosa, moving N.N.W.

Local forecast: Northerly winds, moderate, fine to cloudy.

"Typhoon Warnings,

The following telegrams have. been received by the American Consul-General, Hong Kong, from the Manila Observatory yesterday

Manila, Sept. 21, 0.18 0.m.- Cyclone or typhoon W. of Aparri, moving N.W. or N.N, W. Manila, Sept. 92, 10.15 am Typhoon in about 121 deg. Long. E. 19 deg. Lat. N., moving N.N.W.

Manila, Sept. 22, 2.55 p.m.~ Typhoon in about 121 deg. Long. E. and 20 deg. Lat. N., moving N.N.W..

Mr. Arthur Henderson agreed. that there was no need for panis, and assured Government that the Labour Party would do their utmost to avoid doing anything | life. - There is not the least dan- calculated to produce a panic at Home or abroad.

Not More Than Ten Per Cent

Cat.

44

LONDON, Sept. 21. In the House of Commons the Premier announced to-day that in order to avoid hardships, the reductions in the pay of teachers and the defence services will be no more than 10 per cent., except in the higher ranks of commissioned officers of the defenes services, The Premier added that the balance of the Budget would be maintained.

Protecting Sterling,

ger of a shortage of food or any thing else, Thore is not the amn! lest justification for any rise of prices at present. The crisie 1s far more due to the troubles of other countries than our own.

Britain had a financin] banking system the strength and soundness of which was above suspicion. No one, anywhere in the world, had the lightest or in the leading British banks being able to mert their obligations fully, but that was not true of all banks and wore bank failures 'ware.' commin occurrences. The foreign banks, fearful of their own position, had been removing money they had de posited in London,

|

PARIS, Sept. 91. President Hoover, through the American, Ambassador, has officially invited M. Laval to go to Washing ton,

INDIGNATION IN CANTON. RUN ON JAPANESE BANKS. (From Our Own Correspondent.)

CANTON, Sept. 22

MANCHURIAN INCIDENT DISCUSSED BY LEAGUE,

MILITARY ATTACHES TO ENQUIRE

INTO SITUATION?

CHIANG KAI SHEK I WILL FALL WITH OTHER PATRIOTS.

(THROUGH REUTER'S AGENCY:1

NANKING, September 22.

Chiang Kai Shek addressing a mass meeting of Kuomintang members to day declared, inter alia,"For the moment we wait the judgment of the world and must suppress: indignation and

of the remain calm, but if the League of Nations and signatories to the Kellogg Pact fail to uphold justies the National Government is prepared for a final and supremo struggle,

**I shall lend the army to fight for the preservation of our race and uphold the dignity of our people, I shall go to the frouty and, if need be, fall with other patriots"/

Japanese women and children are evacuating Nanking to morrow at 11 a.m. The Japanese Consul is requesting due protec tion for them when they are embarking,

COUNCIL UNABLE TO AGREE...

GENEVA, September 22.

The Council discussed the Sino-Japanese incident for two hours during which the Chinese and Japanese delegates made conflicting statements."

Lord Cecil said that it was vitally important that every country. should avoid such incidents and warmly appealed to China and Japan to avoid them. He said the Council bad not been informed in regard to the origin and extent of the incident, and that troops should withdraw to their original positions in order not, to aggravate the position. He alluded to international instruments in which the United States were interested, quoting the Kellogg' Pact and the Pacific Treaty He concluded by suggesting that minutes of the Council sitting should be communicated to the United States,"V

The Japanese member suggested direct Sino-Japanese negotia- tions for the settlement of the incidenteng ikan m

The Council then adjourned privately fota quarter of an hour. After half an hour's suspension the Council resumed. The President announced that the private deliberations had not yet. enabled him to submit à resolution on the subject of Manchuria.

The Council is re-meeting at 3.30 pm

"It is believed the Council will recommend the despatch of by the Military Attachés to enquire into the situation cre Japanese action.

CABINET SQUABBLE OVER MANCHURIA.

As a result of the Mukden inci. dent, anti-Japanese agitation of a most serious nature is going on in Canton, Indignation is running high, and the people, especially the educated classes, are very much excited. Under the direction of the Canton Kuomintang, a mass anti- Japanese demonstration will be held, tomorrow morning in the headquarters of the Provincial Kuomintang. Among other things, a boycott against all Japanese' Foods will be carried out as an indication of patriotic expression. Lecture corps will be organized to Mr Minami, at the Cabinet Con. learning of the rioting at Lungtien, tell the people of the so-called ference on the question of the sead. or to authorise troops movements * diabolien designs of the ing of reinforcements to Manchuria; north of Changchun.”***** Japanese Government in its present Baron Shideliara contending that invasion of Manchuria and pam- this action would appear to be un- duly war-like, whereas the War phlets will be distributed.

Numerous merchants in Canton, Minister urged the necessity of who had dealings with the Japan- reinforcing the Kwantung Army Jest rue," have already cancelled their they be overwhelmed by a force orders from Japan and a run "numerically superior. was started on the Japanese banks in Canton. The people everywhere talk of nothing but the Mukdea incident and far-reaching couse

TOKYO, Sept. 2 in order to recall a detachment of

It is understood, that there was afty was sent to Chientao, yester- a heated discussion between Baron day, for protective purposes after Shidehara and the War Minister,

Tokyo, Sept. 22.

In response to a request by the Japanese Consil at Harbin it is reported that military officials at Changchun have decided to send For the purpose, of avoiding troops to protect Japanese resi foreign misunderstanding the War dents, but the War Office“ denies Minister has intimated that he is instructing the Commander of the Kwantung Army to arrange for The Ministry of Foreign Affairs Municipal administration, oo-oper- of the Canton National Governmentating with Chincre, in all the occt

quences are bound to result.

pro-

Fall of Kiris.

is about to issue a manifesto to the pied towns, instead of enforcing a foreign Powers in regard to the military administration. affair. At the same time, a strong protest will be sent to the Japaоcke Government, denouncing its vocative and wholly unwarranted" military actions in Manchuria. The matter will also be reported to the League of Nations' with a view to securing justice.

SIBERIAN MAILS.

STATEMENT BY POSTMASTER

*GENERAL,

was

The following statement made by the Postmaster-General (Mr. E. W. Hamilton) yesterday in mails generally:

connection

with

trans-Siberian

A message from Changchun states. that Japanese troops occupied Kirin. City without opposition at 5.50 p.m.

Monday.

BI

that any have been sent to Harbill. It seems probable, however, that

the loent military officers have acted. on their own responsibility, na Muk den and Dairen both report troops have already started.

-JAPANESE GUNBOATS.

AT HANKOW.

The South Manchurian Railway CUNS TRAINED ON WUCHA has provisionally taken over the administration of the Changchun- Kirin Railway.

.

All Japanese are taking refuge ip the police station attached to the Japanese Consulate in Kirin.

Unfounded Report.

THROUGH REUTER'S AGENCY.]

TOKYO, Sept. 2.. A report of freak Aghting round

(Wul Tre Yat Pasi)"

HANKOW, Sept. 22 Six Japanese gunboats unexpectTM edly put in an appearance at Han kow yesterday. They are concen- trating in mid-stream" and have their guns trained on the city of, Wuchang, Their action is arousing

"I cabled to the Postal Commis-Mukden, at Peitaying, in shown to considerable consternation and un- ioner in Shanghai yesterday and he be unfounded.casinose in the local community.

It was apparently due to re- Actuated by patriotic feeling, the mort that the Chinese were attack Chinese students in Japan intend ing Tuntaying suburb to the east to go on strike and return Honio. of Mukden, upon which a Japanese Eight of them who are taking a military course, there are leaving detachment hurried to the scene

for China, and found all quiet,

did not anticipate any delay, in replied last night stating that he mails and requested me to continue despatching the Siberian mail as usual, that is, to Shanghai, pead ing further advice from him

Kirin-Changchun Railway

ed up that the hands of the Govern It will be remembered that Japan

added, externally the initial effect the market is unnecessary, it 1 cessive fall. The pound may re.years ago that an i ment may be forced and it is be. I has tried several times to force the

Mr. Hamilton explained that

Feeling Becoming Intense. NEW Yox, Sopt. 21.

people had been inquiring during

With the Kirin-Changchun Rail- With a view to stopping the

Cool Heads and Steady Werve, the day ne to the safely of for-

NANRING, Sept. 22 way and the City of Kirin pliced practice which very largely con-

warding mails via Siberia." Busi- "Let's keep cool heads and steadiness people must decide for them. In connection with Manchuria the under their full control, the Rwan tributed to the tammering of steri ing last week, the Governing Com- nerves. Any man who attempts to selves how they should, despatch feeling is daily growing more in tung military authorities have been

tense here. Huge mass meeting empowoared to carry out surveying. mittee of the Stcek Exchange has

profiteer emits nparticularly their letters," said Mr. Hamilton. resilved in consequence of the contemptible erime, which will be Shanghai are unable to forward were held to day in the National work over the long-planned railway Internal Position Secure.

serious emergency to orbid short sharply death with. Sterling is the mails, the Postmaster-General University when heated speeches between Kirin, the capital of Kirin "Our internal position is securo, selling.

not going to get out of hand. We will make endeavour to forward it was delivered. It is becoming ap Province, and Huining, sitanted at parent that the feeling of the the Turan River on the Koreno While banking circles maintain

still have large resources which by other available channels, as and it is vital to maintain that

occurred, mutalis mutaudis, "

two | músses and troops in being so work. aide. position," said Mr. Enowden, and that concerted action to support can be employed to check an ex

Regarding the statement of their action might be serious, understood that professional opera main a little while below level, but

ters are prepared to co-operate in it will later recover, and angene express train had been blown up, lieved that Hu Han Min may be but it would be only temporary,

trying to sell pounds for foreign Mr. Hamilton said, "That must be asked to rejoin the Government in and those with confidence in ater! keeping trade orderly. ing would not find their confidence with

Stock Exchange opened currency will probably find he will Friday's train. It was blown up the interests of the country. It is general clamp. Pria Jose on the transaction on the 18th, but that does not mean believed he will likely accept the We are entitled to some olgal issues falling one-to-We anticipate nr serions de that the mails were destroyed. offer if made.

TO.

with notable valenments, but Government is de There are only two mails that No More Troops for Manchuria. cognition by the other creditor five points

termined to leave nothing to could possibly have been. affected Powers of their responsibility for exception, United States Steel ad-

TOKYO, Bent, chanco We are prepared for and they are the mail which left by the present situation, and possibi vancing a quarter,

very possible contingency, and the Helan farm on the 7th and Altid greing post facte re the present crisis may pave the

Britain will emerge from the crisis, that by the Menatheus which sailed cognition to yesterday's unauthor way to better international. co operation, but

nsahe hne emerged from graver from Hong Kong on the 8th.ised desnatch of troops from Koren quite orderly and peacefully without but the immediate

emergencies, stronger and more Tracers have already been sent off to Mukden the Cabinet has decided picket agitation or other forms of effects might at least be as serious

to send no further reinforcemente, I violence.: (Continued on next Column.)

prosperous than before,

misplaced.

The

ona

“Amatørdam Block Exchange.m AMATERDAM, Sept. 21, The Stock Exchange is to re open-to-day (September 22)

"after the maila,!?! -

Manchurian Government to give her concession for the construction. this line but without avail. tit.

rat Anti-Japanese Boycott in Tientam.

TIENTSIN, Sept. 22.

A voluntary boycott against Japanese gooda on the waTE, OF Chinese merchants has been SLATION here. The movement is proceeding