1932-01-11 — Page 9

AMERICA ACTS.

ALONE

JAPANESE CABINET CARRIES ON

Bandits and Jap.

Forces Clash

(TAKOUGH REUTER'S AGRNOT:]

Tokyo, Jan. 10.

Heavy casualtice, including + Colona, four other officers and fiteen other ranks killed and twenty wounded, are reported to have been suffered last night by a Japanese cavalry / regnent while patrolling in the direction of Chinsi, woutward of Chinchow, when they encountered a strong fonce of ban- dits, estimated no 5,000.

Reinforcemoorita. were hurriedly despatched from Chinchow but were unable to break through to the nasistance their comrades who were "surrounded on all sides. On the contrary, the reinforcementa them

elves were hommed in, and aa they were fighting against heavy "odds other reinforcements, including air- ernit, were despatched to the scene this afternoon,

NO CHANGE OF CABINET

TOKYO, Jan. 9.

Mr. Inukai was aummoned to the Palace this morning, and promptly called an urgent Cabinet meeting.

It is expected that the Cabinet will again tender its resignation, which will be accepted; but that the Emperor will thereupon.com, mand Mr. Inukai to form a new Ministry which will probably be practically a replica of the present Cabinet bxcept that there will ba a change of Ministers for War and for Home Affairs:

LAVER.

Contrary to the general expecta tion the Cabinet, after its urgent. conferench, has decided to continae in office without any change in its Constitution.

BRITISH AND FRENCH ATTITUDE

LONDON, Jan. 6. Authoritative statementa have been issund both in London and Paris, showing that neither Grant Britain nor Frank are prepared to adopt the attitude of the United States in respect of Manchuria in invoking the Nine-Power Treaty.

But statement stress that the Criited States. is not a member of the League of Nations. and in ther fore in a different position.

The British státernent recalls that Japan favours the open door policy in Manchuria. The French statement says that France's moderating influence" will ba exercised chiefly through Geneva,

LONDON, Jan. 9.

In view of the declaration made by the Japanero delegate at Cleneva on October 13, and that made by the Japanese Premier on December 28, that Japan purposes to adhere to the policy of "open door" in Manchurin, the British Foreign Office has issued the following

statement:-

"The British Government does not consider it necessary to address any formal note to Japan on the lines of the American Government's note, but the Japanese Ambaxendor in London has been requested to obtain confrmation of these assur. auces from his Government." BANDITS "ATTACK SOCONY STEAMER

HONG KONG DAILY PRESS. MONDAY, JANUARY 11, 1932.

GERMANY'S POLITICAL DEBTS

Dr. Bruening's Sensational Statement

"BIG FIVE" BRITISH FURTHER PAYMENTS IMPOSSIBLE

BANKS

SHOW SATISFACTORY

RESULTS

(THROUGH REUTER'S AGENCY. Į

LONDON, Jan. 8. The last two of the Big Five " of the British Banks, the Midland Bank and Lloyd's Bank, sve issued their reports showing that they have enjoyed a profitable year equally with Barclay's, Westanine- to and the National Provinaint.

The Midland Bank have declared a six montha' dividend at the rate of sixteen per cent, per annum, making a total dividend for the year of sixteen per cent. loss tax.

Lloyd's Bank have declared a and a third per cent, por annum half-yearly dividend of thirtoon making a total of thirteen and a aid per cent. for the year,, less

tax,

LONDON FLU "EPIDEMIC

PARTICULARLY SEVERE

■

IN N. LONDON

(Reuter's Special Service.)

LONDON, Ju

8,"

An epidemic of inducirza is tax- ing many London "hospitals' capa- city, especially in North London, where the outbreak is particularly.

suveru.

Fifty patients to-day were ad mitted into the North Middlesex Hospital, where there are now .950 patients. Only serious case, are being admitted.

Many of the nursing staff are ill with either influenza or pasumonia.

OBITUARY

MR. WILLIAM GRAHAM

EX-PRESIDENT OF BOARD OF TRADE

(THROUGH NEOTER'S AGENCY.]

LONDON, Jan. 9. The death occurred to-day of Mr. William Graham, who had been. seriously ill, during the past, fort- night, with double pneumonia.

The Rt. Hon. William Graham, P... was born at Peebles, on July 29, 1287. He was educated at Peebles Public School and Georgo Herriot's School, Edinburgh, later! going to the Edinburgh University. In 1903 he took a Junior Clerkship in the War Office. He again en- and graduated as M.A, in 1915, tered Edinburgh University in 19t1:

with honours in Economic Science. He took his LLB, in 1917. In 1919 FBIPINO, Jan 9. he was appointed as a member of As the Communists were besieging the Royal Commission on Income Huangpes, which is situated twenty Tax, and was also a member of the miles to the North of Hankow, the Royal Commission on the Univer United States authorities advised sity of Oxford and Cambridgo, the women and children of the 1920-21. Appointed Financial Secre American Lutheran Mission at tary to the Treasury in 1024, he,

leading part particu.

Hsikow, ten miles from Hankow, took to make their way into Hankow.larly in financial and Scottish The United States stemmers, Iping Legislation. Prominent in politics, and Ifang, which are aground at he stood as M.P. (Labour) for the Mcopanshin on the Upper Yang Central Division of Edinburgh tae, are liable to attack by ban since December, 1918, He was dits. Twenty bandite looted the President of the Board of Trade in Socony steamer Meluhan at mileage the late Labour Government.]

119.

RECORD FLIGHT

FROM KARACHI, TO CALCUTTA

THROUGH REUTER'S AGENCY.]

17

BOMBAY, Jan. 30.

A record non-stop flight of 101 hours from Karachi to Caloutta has been made by the French airmen Codos and Robida.

KINGSFORD-SMITH SETS UP

A NEW RECORD

DEMOCRATIC TARIFF BILL

PASSED

[RKUTER'S - AMERICAN 'KEETICE, })

WASHINGTON, Jan, 10. The Democraties Tariff Bill was passed, by 214 to 182 votes in the House of Representatives.

0:

THE MIKADO'S ESCAPE

"KING GEORGE, SENDS'

CONGRATULATIONS

【BRITISH" WIRELESS SKEVICE)

ROBY, Jan. 8 H.M. King George has sent a Rowe, Jan. D... telegram to the Emperor of Japan. Kingsford-Smith, who in flying congratulating" him on hie esoupe the Southern Star back to Austra from the attempt upon - his life Ba with 700 Tbs. of mail, rived made in Tokyo to-day, when a at 250 p.m., having taken Fodly | bomb was thrown, three hours and forty minutes for

(THROUGH RAUTER'S AGENCE.]

One of the Emperor's escorts wa his flight from Marseilles wounded and a horse in the Stata

This time is claimed as a record. carriage injured,

“FRANCE'S SACRED RIGHTS AT STAKE”

DOES GERMANY WISH TO END YOUNG PLAN AND

TREATY OF VERSAILLES?

(THROUGH REC TER'S AGENCY,]

BERLIN, January 10.

DR. BRUENING IN A STATEMENT DECLARED THAT THE CONTINUATION OF POLL

TICAL PAYMENTS HAS BEEN RENDERED IMPOSSIBLE BY THE SITUATION. IN: GERMANY TO-DAY, AND IT IS CLEAR THAT ANY ATTEMPT TO MAINTAIN SUCH PAY. MENTS MUST LEAD TO DISASTER NOT ONLY TO GERMANY BUT TO THE WHOLE WORLD,

HE ALSO ANNOUNCED THAT GERMANY AGREED TO JANUARY 25 FOR THE OPENING, "AT LAUSANNE, "OF THE REPARATIONS CONFERENCE AND EMPHASISED THAT GOVERNMENT HAD NO CHOICE IN REGARD TO ITS ATTITUDE AND COULD ADOPT NO ALTERNATIVE BUT PRESENT AT THE CONFERENCE THE SITUATION AS IT WAS AND ASK OTHER GOVERNMENTS CONCERNED TO TAKE THE SITUATION INTO ACCOUNT AND NOT TRY TO FIND SOLUTIONS BY COMPROMISE FOR WHICH A REAL POSSIBILITY NO LONGER EXISTED..

Banzi, January 102

FINANCIAL PARALYSIS OF THE WORLD

DR. BRUENING IS CONVINCED THAT TO-DAY NOBODY COULD SHUT HIS EYES TO THE CONSEQUENCES WHICH NECESSITY DEMANDED, AND IT IS IMPERA- TIVE TO FIND COURAGE NOT TO ALLOW ECONOMIC PROBLEMS TO BE MADE SUBJECT TO POLITICAL CONSIDERATIONS.

.....

THE

BASIL CONFERENCE REPORT SHOWED THE DISASTROUS CONSE- QUENCES OF THE WAR FOR GERMANY AND RECOGNISED THAT THE EXTREME MEASURES GERMANY HAD TAKEN TO COMBAT THE CRISIS WERE UNPARALLELED IN MODERN HISTORY IT ALSO PROVED THAT ONE-SIDED MEASURES BY GER- MANY ALONE WERE INSUFFICIENT AND GERMANY'S POSITION, WHICH TO A LARGE EXTENT IS THE CAUSE OF THE INCREASING FINANCIAL PARALYSIS OF THE WORLD, CATEGORICALLY DEMANDED A JOINT IMMEDIATE ACTION, BY ALL GOV. ERNMENTS. DR. BRUENING ALSO EMPHASISED THAT THE REPORT PROVED GER: MANY'S INCAPACITY TO PAY; THE CLOSE CONNECTION OF GERMANY'S REPARA TION PAYMENTS WITH THE PRESENT SITUATION, AND HOW THOROUGHLY THE CONDITIONS HAD CHANGED ON WHICH THE YOUNG PLAN HAD BEEN BUILT UP.

WALL. STREET NOT PERTURBED

NEW YORK, Jamangy 10. WALL STREET IS NOT PERTURBED BY DR. BRUENING'S DECLARATION, WHICH A LEADING BANKER DECLARED IS PRIMARILY INTENDED FOR BARGAIN- ING PURPOSES. IT IS EXPECTED SOME SORT OF PAYMENTS WILL EVENTUALLY BE AGREED UPON EVEN IF THE ALLIES REPUDIATED THEIR WAR DEBTS TO THE UNITED STATES IT MIGHT NOT BE A GREAT HARDSHIP FOR AMERICA, WHICH MIGHT MAKE MANY TIMES THAT AMOUNT IN THE TRADE BOOM WHICH WOULD PROBABLY BE HASTENED BY A SETTLEMENT.

GRAVE DEVELOPMENTS EXPECTED

PARIS, January 10.

DR. BRUENING'S DECLARATION HAS CREATED A SENSATION IN POLITICAL CIRCLES.

DEPUTIES IN THE LOBBIES ARE UNANIMOUSLY AGREED THAT THE DEVE LOPMENT WILL BE VERY GRAVE. GENERALLY, THE OPINION IS THAT GERMANY'S DECISION TO DEFAULT IN HER OBLIGATIONS UNDER THE YOUNG PLAN WILL RENDER THE LAUSANNE CONFERENCE USELESS, AND THE CREDITOR POWERS OUGHT TO IMMEDIATELY CONFER IN REGARD TO A COMMON ATTITUDE.

IT WILL BE RECALLED THAT THE YOUNG PLAN PROVIDES FOR REFERENCE TO THE HAGUE COURT IN THE EVENT OF GERMANY'S DEFAULT.

*

MOVE.

ALL SAW THE HAND OF HERR HITLER IN THE CHANCELLOR'S DRAMATIC

FRENCH FINANCE MINISTER'S VIEWS

LATER,

M. FLANDRIN, THE FINANCE MINISTER, IN A STATEMENT SAID THAT THE REMARKS BY DR. BRUENING, IF ACCURATELY REPORTED, MEAN THAT THE GER. MAN GOVERNMENT WISHES TO END THE YOUNG PLAN AND THE TREATY OF VER. SAILLES. NO FRENCHMAN COULD ACCEPT THIS. UNILATERAL RENOUNCEMENT OF CONVENTIONS WHICH WERE FREELY SIGNED AND WHICH IMPLY DESTRUCTION OF OUR SACRED RIGHTS TO REPARATIONS. NOBODY CONTESTED THE GRAVITY OF THE WORLD CRISIS, OR THE NECESSITY FOR ADJUSTMENTS' IN THE SYSTEM OF INTER.GOVERNMENTAL PAYMENTS IN ORDER TO TRAVERSE THE PERIOD OF DE PRESSION. THE FRENCH GOVERNMENT WERE, AT PRESENT WORKING ON THIS MATTER AND STUDYING IN A MOST CONCILIATORY SPIRIT, FORMULAS FOR AN. AGREEMENT BETWEEN CREDITORS AND DEBTORS IN ORDER TO ALLEVIATE THE CRISIS, BUT IT WOULD RENDER THE CRISIS INSURMOUNTABLE IF COMPLICATED BY FRESH ATTACKS IN RESPECT OF CONTRACTS, THE ONLY RESULT OF WHICH WOULD BE TO INSTIL CAPITAL WITH FURTHER DISTRUST,

PAYMENT OF PRIVATE DEBTS IN DUE COURSE

BERLIN, January 9.

Germany's intention to press for abolition of reparations at the Lausanne Conference was intimated to the British Ambassador when he visited Dr. Brening yesterday,

Briefly, the German standpoint is, that Germany is unable to pay reparations, either now

or in the future, if the world's economic life is to revived.

: It is pointed out in authoritative circles that there will be a complete collapse of German economic life, if an attempt is made to reimpose raperations, but, if relieved of that burd many will be able to pay her private debts in due course.

'REPUDIATION OR CHAOS??

(Router's Special Service.)

LONDON, January 10.

Geri

It is not an exaggeration to say that the economic and social, structure of Europe is daily moving nearer a precipice, and the blunt truth is that if things continue as they are the chaice, simply is repudiation or chaos," declared. Mr. Alexander Shaw; a Director of the Bank of England, at Liverpoot to-day......

He went on: It mustn't be forgotten that while America remitted, eighteen per cent. of

the British debt, Britain forgave her Alliex seventy per cent, and he believed Britain was ready to cancel the whole as soon as world arrangement is possible. The healing message for. which the world" la” waiting' is, forgive us our debts as we forgive our debtors."

DWIGHT F. DAVIS RESIGNS

NEW GOVERNOR FOR PHILIPPINES

་་

THROUGH REUTER'S AGENCY:

WASHINGTON, Jam, 10. Mr. Dwight F. Davis has resigned the Governor-Generalship 6 the Philippines for family reasons. He will be succeeded by Mr. Theodoro Roosevelt who is at present, Gover nor of Porto Ris

GENERAL DAWES TO RETIRE

[NBUTER'S AMERICAN HERVICE.)

WASHINGTON, Jan. 8. General

the Charles Dawes, American Ambassador in Grant Britain, has announced that he is tondering his resignation after

SITUATION IN

INDIA

CONGRESS PRESIDENT

SENTENCED

Lawlessness in Bengal

THROUGH REUTER'S AGENOT. }'

BOXRAY, Jan. 9.

The Government continues. make drastic moves undar: the Emergency Ordinance

especially as regards making speeches under the aegis of organisations that have been declarod unlawful,

Dr. Choksoy, the President of the secondoublwed. "Bombay Congress Emergency Council" hand been sentenced to two years impri-" sonment for defying the law in thịs connection.

The Poone Young Men's Asso ciation has been doclaród unlaw- ful. Its proscription is believed to be the sequel of the recent presenta tion by the Association bo the Bangal Revolutionary,

Subhau Bose of an address placed in p silvw.casket.

The city of Bombay is quiet save for one incident in the wealthy Indian residential quarter, whore. shouts of "boycott liquor" from

Congress crowd was grosted" "with"; fusillade of soda water bottles. from the inside of the shop, and six people wore. injured. i . tho... ensuing fight.

Leader Sentenced.

Dr. Ansari, the ex-President of

serving at the Disarmament ConCongress, has been sentenced to i foreneo.

General Dawes, it is Tearned; proposes to return to Chicago and resume his activities in the banking business:

Do

FRANCE'S FOREIGN

MENISTER

RESIGNING OWING, TO

ILL.HEALTH

THROUGH REUTER'S AGENCY.]

..

PAR, Jan. 3..

1

prisonment for six months and^a/ ane of Rs. 200. -.-

Four Armed Man Rob Officers, of

Burma Oil Company.

Dacca, Jan. 4.-The lawlessneegi. prevailing in Bengal was further exemplified by another zined dacoity in the Munshigua distrit today.

Four men entered the offices of the. agent of the Burana Oil Company. while officials were counting the. cash and, covering them with t=" volvers, grabbed 1,200 rupees.

One of the intriders was captur

, ילי:

On the eve of a series of imported, but his three comrades returned ant international conferences, M. and rescued him after twice badiy Briand who has directed French wounding with a revolver: the foreign policy for many years in

official who was detaining him......... *successive governments, has

signed the portfolio of Minister

BRITISH GOODS. IN U.S. for Foreign Affairs, 'on the ground's of ill-health.

"BRITISH EMPIRE" BUILD. ING IN NEW YORK

(THROUGH REUTER'S, AGENCY.]

LONDON, Jan B..

It is presumed that he will re Enin, for the time being, his posi tion as President of the League of Nations' Council.

who offered, as a friendly gesture

A British syndicats beaded I Lord Southborough has signed a

to Great Britain, to erect a build-thirty years lonso, for a. British ing which would allow British mor- "Empire" building to be erected in chants to show their gonds and the heart of New York. transact business in essentially It will be built at the corner of British conditions.

Fifth Avenue and Fiftieth Street,

The building will not be a eky- scraper, but will comprise offices. shops and showrooms, and possibly apartments for British people.

one of the most valuable sites in + city.

It was bought by Mr. Rockefeller, (Continued on previous Column.}

The

Simple

way to Perfect Health

TO-DAY we know that health is mainly a matter of correct nutrition. The only difficulty la to. ensure that the foods we eat contain all the essential food elements which build up body, brain and nerves."

Simply by adding "Ovaltine" to the daily dietary this one difficulty is overcome All the essential food elements are abundantly present in this delicious food beverage in the correct proportions necessary for health.

There is no substitute for "Ovaltine," for no other food supplies in a concentrated, correctly balanced, and easily digested form the essential putritive elements of Nature's best foods-malt, milk and eggs.

OVALTINE

METONIC FOOD BEVERAGE.

Tired Natures Sweet Restorer