1931-12-12 — Page 11

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JAPANESE GOVERNMENT

RESIGNS

FORMATION OF COALITION BELIEVED

PROPABLE

POLICY" TOWARDS CHINA WILL REMAIN

UNCHANGED

[BEUTEL, AND BRITISH WIRELESS, ].

Toxro, Dec. 11.

The Jahi and the Fumari report that the Cabinet has Adecided to resigu, but çonfirmation is lacking, though resigna›

tion today is generally anticipated.

LATER.

The Cabluct has resigned. The Premier left his ofcial resi dence AL 5.30 and proceeded to the Palace to render the Cabinet's resignation. At least twenty-four hours are expected to elapse before his successor is announced, but whatever form the new Cabinet takes it is generally considered certain that a gold ban,will be imposed before the end of the year and that an unchanged policy towards China is likely. If the Seiyukal party are summoned to form a Cabinet it is expected that the foreign portfolio will be given to one of the Sclyukai leaders, but owing to the Seiyukai's minority in the Diet it is thought more likely that either a coalition or a reprganised Minselto Cabinet will be formud, in either of which cases it is possible that Baron Shide. hara will be reappointed. According to well-informed circles one of the reasons for the advocacy of a coalition was the purpose of forestalling the possibility of a military dictatorship, as it was feared that the riotous scenes which were anticipated at the coming session of the Diet f. the Wakatsuki Government remained "in power might so sickes the masses, who are already disgusted with the antics of the political parties, that they might welcome a'dictatorship as a preferable alternative to the continuance of a e party government.

MOVEMENTS OF JAPANESE TROOPS

Mexpen, Dec. 1,

spirit of conciliation, goodwill and Trac on the Peiping-Mukden patience. Thanks to the tact mani- Railway was interrupted this mornfested, a draft resolution had been ing on "account of Japanese troop drawn up which offered the best movements. There was a beavy means of a settlement. snowstorm in Mukden to-din y. “sharp fall að gold gen was experi-

enedd in the local market.

The Japanese Government bad, therefore, instructed him to accept the resolution, on the understand ing that Paragraph II, would fct prevent the Japanese military from

HONG KONG DAILY PRESS, SATURDAY, DECEMBER 12, 1931.

CHANGES IN CANTON GOVERNMENT

REDEMPTION OF BANK- NOTES BEGINS

THE RACKET" IN

CANTON. まるい

(From Our Own Correspondant.)"

CANTON, Dec. 1K Fürther changes in the personnel" of the Canton. Munimpai Govern- ment were announced to-day. Mr. Chai Kain Tong, Chef Secretary of Mayor T. K. Ching has been up- pointed Chief of the Barcan of Education to Breed Mr. Luk Yau Kong, who was transferred to the post of Chief of the Bureau of Lands. Mr. Lai To Kum, Chief of the Bureau of Lands, was in turn transferred to the post of editor-in-chief of the Canich Muni- cipal Daily Press to succeed Mr. Wong Yam, who resigned. The successor to Dr. Hoh Chi Chang, Chief of the Bureau of Public" Health, who tendered his resigna- tion some days ago, has not been announced yet.

Value of Banknotes Rises.

The efforts of the Government at theresuscitation of the Central Bank of China notes are being met with considerable saccess. The withdrawal from circulation of huge sums these lovernment bank notes has a decided effect on their value. They are how quoted at about 4 cents to the paper dollar. while a moush ago the paper dollar was worth on 70 cents. Sante

shops in Canton, particularly the restaurants, are already accepting theve hanknotes at full face value. It will be only a matter of days when these Government banknotes will be accepted at par value ip every business transaction, record- ine to financial experts.

The Government has decided to redeem its banknotes of the 8100 next. Wednesday. No date has yet and o denomination. herinning been announced n to when the hanknotes of the 10: 85 and denomination will be redeemed,

Gangsters and Cinema Theatres. The moprietors of the larger opera nud cinema houses in Can- to are taking special preventive measures to insure the safety of their patrons as well as their pro perty, in view of the recent during activities of the bandite. Several lives anil property of their nation entrances of these theatres and a als, against bandits and other law.vigilant watchi is maintained on all lasa, elements in Manchuria.

TIENTSIN, Nov. 3. It is learned that one company of Japanese artillery from the taking action in defence of the guards are stationed at the main

Japanese, Concession were sent to Shanhaiwan yesterday evening.

RESOLUTION OF THE

LEAGUE.

"NANKING, Dec. 11.

it is frankly admitted in Chinese officing and publie circles that the Lengue's resolution is quite unatis- factory to China, but the National Government"accepted it, firstly, 10. prove its sincerity to adhere to its riginally declared intention to abide by the. League's devision,

CERTAIN RESERVATIONS

Dr. Alfred Sze, the Chinese TC-

Presentive, followed Mr. Yoshi-

delivering a long statement embodying eight points.

He said the Chinese Government

intended to discharge in good faith very obligation assumed in agree- ing to the resolution as interpreted Fby M. Briand,

trusting in the League's ability to The arrangements being practical. arrive at a just and satisfactory and designed to meeting the pend- - solution of the problem: secondly, ing emergency, it was therefore because the Government lenders essay, in the interest of com- are convinced that it was the only plate understanding, to, record cer- alternative to war against Japan, in principle,

tain pbservations and reservations for which China is not in state; furthermore well-informed RESOLUTION UNANIMOUSLY persons feel that a Japanese vie- tory would be most unlikely as

a fit

CARRIED

those going in. Any pation show. ing the slightest suspicion is search- ed and questioned to make sure that there is no homb hidden in his pockets.

These preventives measures were necessary, according to the proprie. tors, as several bir theatres in vity have been blackmailed for buze ams of money. That it would not do merily to ignore their threats

is evidenced by the fact that these bandits bombed the Tai Ping Onera Hover a week or so

go for its

refused to comply with their de

mande.

CHINESE SOLDIERS RECEIVE SHOCK DISPERSED BY THARGAS BOMBS

THROUGH REUTER'S AGENCY. I

...

HANKOW, Dec. 11. Chinese soldiers this morning at tempted to board the Yangisze large expenditure was involved by Dr. Sar, Expressed thanks to the was alongside the Bund preparing Lord Cecil (Britain) following Rapids motor vessel Lung, which. Japan in her recent eperations. Council's Chinese and Japanes to depart for Shanghai. The huge drop in her exhorts to illeagues for necepting the resolu Amerienn sailors from a gunbout China and the probable neces-tion, after which M. Briand sub-lying nearly proceeded to the scene sity of permanently increasing the mitted it to formal vote. It was and dispersed the soldiers with Japanese forces in Manchuria to carried unanimously, meet a potential Ensainn mennee may prove the last strhwa in the collapse of her arendy overburden- ed finances.

PARIS, Dec. 20. M. Briand opened the proceed- ings at to-day's public meeting of

The resolution was adopted with

if 38 minutes of the opening of the session.

:

A GENERAL DISCUSSION

The remaining period was spent) the League Council at 4.42 p.m. in a general discussion. M. Briand General Dawes, the American re-uid that the American participa- presentative, was not present des- tion in the deliberations of the pite the general expectation.

After introductory remarks, M. Briand called up" Mr. Yoshizawa, the Japanese delegate, for a state-

inent.

{]

"THE BEST MEANS OF SETTLEMENT

1.

Mr. Yoshidna expressed thanks to the Councillors for their courtesy in complying with his request to adjourn the meeting, after the rending of the Council's resolution, till to-day, and also the gratitude and sincere appreciation of the Japanese Government for the

efforts displayed.

In the Manchuria situation, ho snid, there were special circum-

Council had been a marked feature- of the Manchurian dispute. He hoped they would always show a constant and parallel interest in Collaborating in the efforts of the League,

teargas bombs.

GOVERNMENT'S INDIAN

POLICY

APPROVED BY HOUSE OF LORDS

(THROUGH BRUTER'S AGENCY.}

LONDON, Dec. 10. days' debate, to-day approved the The House of Lords, after a three Government's Indian policy, outlined in the Prime Minister's statement concluding the Round Table Conference.

дв

FRENCH MILITARY THE GIANT CUNARD

ACTIVITY

LINER

REPORTED FROM ANNAM- CHINA BORDER

WORK "TEMPORARILY SUSPENDED

DECISION CAUSES NATION,

WIDE REORET.

WANG CHING WEI SUGGESTS

PEOPLE'S CONVENTION

(Wah Voz Iut Hao.)"

CANTON, Dec. 11.

A sensation? was croated in Cau-

tou political circles when General Li Tsung Jen, a Kwangai military leader, sent a report to the Canton National Council to the effect that recently

much

French military activity was evident in the northern border districts of Annen and this, he alleged, constituted a

(BRITISH WIRELESS SERVICE,}

Rouny, Dee. 11.

#1

CHANCELLOR OF THE EXCHEQUER'S IMPORTANT STATEMENT IN COMMONS

Mr. Neville Chamberlain's Confidence in the Pound Sterling

Rumours of Voluntary Depreciation Strongly Denounced

[REUTER AND BRITISH WIRELESS.?

LONDON, Dec. 10.

The decision of the Directors,f the Cunard Company to suspend

The debate on the Lahuur een work on, the, giant new liner now mura motion was reamed after a under construction at Clydebank very full question no, during has been received with intense dis- appointment throughout the coun-

which one hundred and sixty ques try. This seventy-three thousandtions received oral answers. " ton vessel which was estimated to cost four million Ave-hundred thou-i to Chinese territory. He asked the sand pounds was due for launch- National Government to take uping next May, and with it the the matter with the French Govern-Chard Company hoped to regain ment.

the blue riband of the Atlantic which for twenty years they hold with the Mauritania.

The Political Doadlock.

cd convention should represent various interests of the country be sides the different sections of the Kuomintang Party,

He said that his suggestion gained support it was best to held without delay in order to discuss a preliminary meeting at Shanghai plans for the holding of the con vention.

Hu Han Min Gives Support.

CANTON, Dee. 11.

Mr. Hu Han Min has released 'n

Financial Crisis. About three thousand mon havo ben directly employed on the con-

Question of Funds.

August, which was quoted in sup- port of tluse rumcurs.

WAB. In

decrease in the issue-backed by fact, subsequently followed by a

gold, and the effect was to leave. the total note circulation unchang- ad.

Stabilising of Pound Sterling, The Government. Mr. Chamber-

To-morrow, after the debate on the adjournment, the Hpane will rise for the Christmas Recess and will reassemble on February. The lain said, would pursue its policy ". Prime Minister announced this! afternoon, however, thas "the

of maintaining, as steadily as pos- s-1 journment motion would give power siblo, the internal purchasing power. to the Speaker to enil the House of the pound. together earlier if public interests. required it.

Government's Poidey.

Mr. Chamberlain said that al- though the present situation was not altogether satisfactory, he did not regard the recent fall in the exchange value of the pound with

He had every reason to suppose that they would be able to meet all their obligations out of purrent rovente and to make substantial provision for debt redemption. Chamberlain continued, was essen

The stability of sterling, Mr... tial to healthy trade throughout

the world.

It was not possible, for obvin:18 or at what level they might ulti- reasons, to say now at what time mately stabilise the pennd but it was their declared object to affect its stabilisation at the earliest pos-

licy for the correction of the ad The Government's long-term pc- verse balanes of trade" was ander consideration, and he hoped to make a statement early next year.

No Withdrawals by France.

SiNana, Dec. 11 In view of the awkward position created by Canton's insistence on she retirement of Marshal Chiang Kai Shek before the forination of 11. unification government, Mr.struction of the ship, apart from Wang Ching We suggested, in a those engaged in associated indus,

An important statement by the circular telegram, the holding of a

tries providing the equipment. The Chancellor of the Exchequer, Mr people's convention for the salva-

prompting the decision Neville Chamberlain, on the Gov. tion of the country whereby to we announced in a document sont ernment's policy in regard to enr work out national unifuation from the share-holders in the com-rency and exchange problems, was The suggest any last night, which stated that the feature of the resumed debate the present impasse.

the international crisia has changed on the Labour censuro motion. the whole financial background of the methods under which the com- pany's ship construction policy was based. The company's decision was the main topic of discussion in the lobbies of the House of Com-serious apprehension. nous last night, and the matter during the closing stages of the decide upon the remedy, but there

It was easier to see an unsatis-sible moment. was raised by Clydesids members factory stato of things than to debate on the vote of censure, and was one question which, it seemed a statement on behalf of the Govern. I to him, might, if wisely handled, meht by Sir Walter Runciman. I have a greater effect than anything President of the Board of Trade, elas in restoring confidence, the was promised to-day.

lack of which was the basic cause of international financial troubles, namely, settlement of the repare This was made in reply to a questions and war debt question. tion by Mr. Kirkwood Sir Walter

He hoped the experts at Basie Runcimaan said the Board of Trade would be able to report be wore informed confidentially someforg, or scon after, the end of the days ago that the company con year. sidered it necessary to suspend building for the present. The renscy given by the company was that this year, for the first time for many years, the company had been unable to earn depreciation on its old ships.

It had been the prac Lice to Arance construction of new ships by making use of bill market Anance and repaying those linbili ties out of earnings set aside ani

Rumours Denounced. nually to cover normal deprecia-

The Chancellor took occasion to tion, and parsly out of the earnings denounce the rumours, which he of the ship responsible, during theanid, were in circulation abroad. first few years of her operation, that the depreciation of sterling statement for publication in Hongwere realised, but a stone had The consecuences of the suspensión

was a voluntary and deliberate net Kong a support of Mr. Wang been left unturned by those concern- Ching Wei's akuzestion of 4ed in avoiding it. people's convention to settle the national difficulty. diplomatic problems. In addition, particularly

he advanced further suggestions

WEATHER REPORT.

Yesterday's weather report. forecast and remarks, issued by the Royal Observatory at 6,20 pm.. stated¦--

The anti-cyclone is moving enstward and is"pow central to the N.E.of Tokyo.

Local Forecast -N.E. winds, moderate; generally overenst; misty; osasional, rain.

with regard to the method of elect

ing delegates to the convention. He said that the people who would have the right to send delegates to the convention should be confined to workers, peasants, students and legitimate merchants.

He held Nanking responsible for diplomatie defent in regard to the Manchurian affair, which was en-. tirely the result of personal dieta- torship in the Central Government. The "Caungahan University.

Geremment Assistance." The question of direct Govern

assistance was not raised, and if it had been raised he feared it would not have been possible to give Shancial assistanca. in this

case.

The Cunard Company was building this ship out of its own Tesourers and the only apsistaner asked for from, the Government, was in respect of insurance, and this was given with the approval of Parlin-

ment.

The auspension of work on the vessel is vory much to be re- gretted, but T am afraid any iden of direct Government financial assistance is out of the question, CANTON, Dec. 11. and we can only hope that circum The chancellorship of the Chung-stances will permit building before shan University remains vacant na

result of Mr. Ein Yan Koi's re- bills of exchange given on this whip lang. I would like to add that all fusal to take the job. With a view will be paid off as they mature method being to tiding over the difficulty, a novel out of the company's own liquid without its resources which are ample for the humorous side was thought out by nurpose." Answering further ques some students of the university, Lions Sir Walter Runciman said festors and deans from various de- Losals to make they would be most namely, to select a number of pro- that if the company had any pro-

partments to form, a board to take carefully considered by the Govera charge of the administration of the | ment, university. This suggestion has not, however, been, accepted.

Det

REPARATIONS AND WAR

DEBTS

FRENCH NOTE TO AMERICA

(HEUTER'S AMERICAN SERVICE.

The Latin-American delegates

WASHINGTON, Dec. 10. were at pains to emphasize that the

The French Government have resolution dealt with exceptional A motion by Lord Middleton for

formally noticed the United States should not be regarded as a prece-order to allow fuller time for consponding scaling down of and complex circumstances and an adjournment of the debate in

that any revision of reparations dent.

must be accompanied by a corre sideration was rejected by The meeting terminated at 0.23 votes to 89.

debts.

P.M.

INFLUENCE OF LEAGUE

100

THEIR MAJESTIES RECEIVE

A REALITY

RUGBY, Dec. 10. Speaking in London to-day, tho

BURMA DELEGATES

[BRITISH WIRELESS SERVICE]

Roam, Dec 10.

TRADE SCANDAL

IN RUSSIA

CHAIRMEN OF STATE TRUSTS ARRESTED ·

[THROUGH REUTER'S AGENCY.]

RIGA, Dec. 10.

A considerable sensation has been

The Report, he thought, would be followed by a meeting of Gov- cruments, which he earnestly hoped would succeed in reaching some ar rangement and restoring counidence in Germany's ability to meet her commercial obligations.

This would thaw out the ice jami in international affairs.

for the purpose of stimulating Bei-

tish exports..

There was no truth whatever in that anggestion.

They had done their best to maintain Britain' on the gold stand- ard but were forced off it by causes beyond their control. The increase made in the fiduciary issue last

withdrawals of foreign balances There had, no doubt, been scme

tradict reports that withdrawals, in London but be wished to con- had been made by the Covernment, or the Bank of France. French France had left her balances un- disturbed. ces; probably leas through want of Others had removed their balan-

reasons of a" desire to have liquid confidence in Britain than resources Available in the uncertans state of their own countries.

by

It is certain, said Mr. Chamber- lain, that those foreigners who have been taking their funds away at the present level of the and thereby "increasing their losses. will very much regret it some day pound

when they find, as I am confident they will find, that their action was totally unnecessary.

Although at the moment we may' have some difficulty with our for eign debts, still we remain the great- est creditor nation in the world. When world conditions settle down, I have not the slightest doubt we shall find sterling resuming its pinus As the principal standard in in- ternational credit"

I fed him.

myself

caused by the arrest of many pro-'Ovaltine” is prepared from the concentrated warminent Soviet citizens in connee nourishment of Nature's supreme tonic foods-

tion with an alleged "industrial malt, milk and eggs.

Doctors, nurses and scandal of considerablo magnitude. mothers testify to its remarkable value in Those taken into custody by the ensuring that the maternal milk will be ade- Soviet police include twelve Chuir quate in quantity and rich in quality. men of the State Trusta

NEW SILVER COINS. FOR CERMANY

#1

THROUGH DEUTER'S AGENCY.]

BELIN, Dev. 10,

The arrests were made following secret investigation into the affairs of Centrosoyus, the central body which forms the unity, be- tween the Consumers' Co-operative Societies and the principal Trad- ing Truste.

OVALTINE

· TONIC FOOD BEVERAGES

stances making the question diff Foreign Minister, Sir John. Simon, cult, namely, the distance from said in reference to the Manchurian Europe and the diversity of in-situation that if anybody doubted. The King and Queen to-day re- The Reichsrat have approved the torcste engaged.

the reality of the influence of the taived the delegates to the Burma schemo for the minting of twenty. It is stated that onlomal Jones Enables Mothers to Breast Feed their Babies. League, let him consider what the Round Table Conference at Buckmillion ve-mark silver pieces. to the State are involved, besides position might have been if there ingham Palace.

German silver coins are 500 fine a shortage of food and clothing for had not been a calling together of Word Peel Chairman of the Con- and the amount of the white metal the masses. The Council, he said, had, dealt the Council, with both Chinese anil forence, introduced the delegates to needed for, the minting will be It is expected that there will be with the question at issue in a 'Japanese representatives present.

Their Majestics.

approximately 4,000,000 ounces, a rapid and impressivo trial,

Ho announced that the Japanese Government were willing to accept the League's resolution.

1

(Chosen by the writer of the winning fetter, Mr. H. Pau)