1932-01-21 — Page 9

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12

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EUROPE'S DEBTS

PROBLEM

-AMERICA'S REPLY TO FRANCE:

EUROPEANS MUST RESTORE CONFIDENCE AMONG THEMSELVES

NO INTERFERENCE BY UNITED STATES

[REUTER AND BRITISH WIRELESS.]

Park, danuary 15.

It In officially confirmed that M. Bavid has standad the Amari - can Ambasador. Mr. Walter Edge, in regard to the chances of the United States agreeing to a six months or w year's extension of the Hoover Moratorium

41

Mr. Edge has not yet recrived a forina) reply from the State Department but has indicated that public and politien, opinion o in the United States is against the renewal of the Moratorium,

Fin mind that Mr., Edge also pointed out that as no Allied payments to American are due before December 15, 1932, there will ben de justo five nid half month extension of the muratorium.

Moreover, the United States presidential dections are being held in November and the result will doubtlom influence the sub- sequent Americny attitude.

WABINGTON, Des 10.

It is expected that the United State Goverment will reply to M. Laval's moratorium, overtare by declaring that Europe must seck her own settlement

While there is no disposition in the United States to Slam the door" against the possibility of further American_concessions, it is held to be puential to any such amunssions that Europotas first restore confidence among themselves.

When that has her done, it is indicatan, America may con- sider a urmand for further debt postponement.

{!

1:

LATER. The American Government's reply has been despatched They State Department has informed M. Lavak that Europe must settle its debts problem without interference by the United States.

Rrust, Jury 20,

The situation retarding the Lausanne Conference is still in- definite and is likely to remaio so until M. Laval receives the vote of confidence for which he is asking the French Chamber, and until the exchanges, which are still proceeding, between die vari- OUR.Government result in deduite understanding regarding procedure.

IF EUROPE WONT OR CAN'T PAY, WHAT "İS MR. MELLON GOING TO DO ABOUT IT?.

门

HONG KONG DAILY PRESS. THURSDAY, JANUARY 21. 1932.

TIMBER DUMPING BY RUSSIA

CANADIAN GOVERNMENT COMPLAINS TO BRITAIN

British Manufacturers' Fears

THROUGH RETTER'S AGENCY.]

LONDON, Jan. 20.

obtruded British in

RUSSIAN trade has" suddenly

a

perial relationships.

Amid the preparations for the Imperial Economic Conference disturbing element has arisen in the shape of reported megoliations by a group of timber importers to buy Russian timber on "scale that will so seriously affect the West Cana. dian Industry that the Canadian Government have been provoked to intervene with Britain.

INAUGURATION OF TO BOOST BRITISH

CAPE AIR MAIL

IMPORTANT PHASE IN EMPIRE COMMUNICATIONS

Great 4-Engined 'Plane Leaves Croydon

PRITISH WINKLE VIC.]

Ruosy, Jan. 20.

FILMS

POWERFUL COMPANY

FORMED

Backed by Colonial Office

.. [VÍNCUGH NEUTER': ADENOK. ]

LONDON, Jan. 20. HORTLY after mid-day to-day Ad by the Colonial Office and POWERFUL Campaign, back. one of the great four engined land 'planes of Imperial Airways all Colecist Adruinstrations, to took off from Croydon, carrying | boost British Bim throughout bags of mail which will reach Cape British Colonies, Protectorates and Town, oight thousand miles di Mandated Territories, has begun tant, in eloven days,

with the formation of the British This inauguration of the Cape United Film, Producers Co., Ltd, Air Mall marked a new and import with representative chiols of al ant phase in Empire air communiçai | promineút British talkie makers. tions which have been steadily do The new combine, which is the veloped during the last eight years, outcome of recommendations by the The new route will not open for Colonial" Film Committee,

1930, regular passenger traffic antilalms to distribute British films to March, but Mr. Bertram, Deputy territories hitherto inaccessible by Director of Civil Aviation, and Sir individual companies, and to ender. Vyel! Vyvyan were travelling on the vour to cater for the requirements service today.

of both European and native populations.

Keenest apprehensions are also aroused in British manufacturers lent successful consummation of the timber contract will open the door for a system ofrading, with which the ordinary trader will be The new route in the longest or totally unable to compete, owing|ganised air line in the world and to the negligible labour costs lä immense difficulties have been Russia, coupled with the Soviet overcome during its organisation policy (which has already been through the length of Africa. instanced painfully for farmers in Deserts and swamps in the north, the case of dumped wheat) of sell rapids on the Nile, high altitudes ing regardless of cost.

and high temperatures near equator, forest and bush country and a liability to violent storms make this airway one of the most trying to prepare for commercial operation..

The Times in a leader goes the length of demanding that all coun) tries trading with Russia reach a common agreement to combat this unparalleled menacé inherent in a situation which sidetracks ordinary trade mefkods between nationals of various countries, and introduces a system under which privatel traders are inveigled into trading with a huge state corporation controlling immense resources, able to play off individual traders against cach

20,000 LETTERS CARRIED.

[NOVOH REUTER'S AGRNOY, ]

the

LONDON, Jan. 20, Punctually 12.30 p.m. the glant Imperial Airway's" liner Helena

The Colonial Office has appoint. ed an advisory committee which includes Sir Horace Byatt, K. Governor of Tanganyika and Trini dad, and Sir Reginald Johnston, ex-Commissioner of Weihaiwel.

OBITUARY

MR. LOUIS BRENNAN, CB.

(THRODON REUTER'S AGENCY.]

MONTREUXK, Jan. 201 The death occurred here to-day of Mr. Louis Brennan owing to a sudden relapse following a accident, he was in his Both year.

[The late Mr. Louis Brennan was

motor

CHIANG STILL

HANGCHOW

HELD UP BY BAD WEATHER

AT

JAPANESE CLASH

WITH POLICE

T. V. Soong Mentioned as New Finance Minister

THROUGH REUTER'S AGENCS.]

NANKING, Jan. 20.

ATTEMPT TO FIRE

CHINESE FACTORY

Jap. Reinforcements Demanded

| HOC REUTER'S AGENCY.]

SHANGHAI, Jan, 90.

on the

chow states that Chiang Kai Shek attacked a Chinese towel factory

A telephone message from lang

A party of fifty Japanese youths was unable to take off for Nanking outside the Settlement, this morning, as intended, but he north side, this morning, throwing will fly to the capital this afterconflazing keroserie raga therein hop- if the weather clears up. If not, he ing to set it on fire, after whic will definitely leave for Nanking to- they hastily returned to the Seltle morrow morning.

ment.

General Wang Shih Ho, courman- der of Chiang Kai Shek's body. On the borders, however, they guards, arrived here this morning met a Settlement Polico patrol and with number of him menassault it. one Chinese policeman Chiang's return here is now con-being fatally stabbed and two seri- sidered a certainty.

NANKING, Jan. 20 The capital has been in a fever of excitement all day expecting Chiang Kai Shek from Hankehow,

ously injured. One Chinese police. man emptied his pistol, the result of which being that three Japanese were sent to hospital, of which one bas since diech.

It was learned inte this afternoon attack on the factory was a roptian!

It appears that, this morning that flying is impossible in the pre- to na stack by Chinese, alleged sent ha weather conditions, so to have been from this factory. Sun Fo, Wang Ching Wei and Homade on five Japanese priests yes. Ying Ching left for Shanghai by terday, all of whom were sent to train and are coming to Nanking hospital, two being in a serious to-morrow white Chiang Kai Shel condition.

flying here to-morrow if the weather is suitable.

15

MINISTERIAL CHANGES

FORECAST

(Wah Taze Yat Pao.)

SHANGHAI, Jan. 90.

A Hangehow report stated that Marshal Chiang's retaen to Nan king might be followed by a change in a number of ministerial posta.

This afternoon the Japanese held a mass meeting when they demand- ed naval and military reisforce- ments.

quent."

Marshal Chiang's return is, however, a necessity particularly during the present internal and external difficulties, However, the Nanking leaders have made pre- parations to guard against any dictator again.

other and traders of one country hopped off from Croydon, thus in the inventor of the dirigible for The reappointment of Dr. Welling. Possibility of Chiang becoming

against those of another.

DISARMAMENT

CONFERENCE

MR. STIMSON TO HEAD U.S. DELEGATION

(REUTER'S AMERICAN SERVICE, ]

WASHINGTON, Jan. 19. Mr. . L. Stinson, the Secretary of State, has been appointed chair man of the United States delega. tion to the Disarmament Confer enco.

augurating the weekly air mail to Cape Town, in addition it carries as passengers Air Vice Marshal Sir

finance.

pedo bearing his name and of the gyroscopic monorail system. Heton Koo na Foreign Minister is was born at Castlebar, Ireland, in forecasted, while a rumour in eir Vyoll Vyvyan and Lady Vyvyas, 1862. In 1861 he went to Melbourne, culation is that Mr. I V. Soong and the Deputy Director of Civil Australia, where he remained till will be given the portfolio of Aviation, Mr. Bertram.

1880..

Was superintendent of the The plane carried 20,000 fetters, Government Brennar Torpedo. Fie. and 150 parcels including a fargetory 1887-90: Consulting Engineer box of eggs.

to this factory 1900-1907, and was 'engaged in confidentin aircraft

work from 1916-10.]

ANOTHER FLYING RECORD

LONDON-PORT DARWIN IN 124. DAYS.

ROUND TABLE WORKING

The question of War Debts, Re- America' all that she received parations and their political re from her Europena debtors-Gor actions is discussed, by A.A.B. of many, France and Italy. As that the London Evening Standard in amount, after Mr. Churchill bad the following article:-

forgiven France and Italy half My predominant four is that Ger their debta, covered the full amount many be driven into some sort of of our debt to the United States, Alliance, political or commercial, the Americans had no objection. with Soviet Russia. Germany When, however, our gold pound sinen she has lost her colonies, re-had fallen to 13, in dollars, Mr. quires a field for expansion, not Mellon perceived that cur annual only of population, which is near-tribute to our allies, whose battle ly double that" of Great Britain, we fought, bat of her wonderful technical and £32,000,000 to £18,000,000, and the RESUMES. WORK AFTER LONG tralia, to-day in twelve and a half hers of the Round Table Conferenes commercial ability. Already Gersteruness of his mood in 1926 has man engineers, and miners, and melted. He now goes so far as to managers are largely employed by say that some revision of the whole Stalin In forwarding the Five question is unavoidable, Year'n' Plan.

13

rize muss

A Lecture.

from

MR. A. HENDERSON

ILLNESS

821T15H WIRELESS HERVICE)

Ruusz, Jan. 19.

Germany's Equipment.

In that year and until 1993 1 After his four months' illness Mr. People sometimes ask, when told powerful body of opinion, led by Arthur Henderson resumed work ut that Germany is bound to default, Mr. F. W. Pinbody, and supported; his Party Headquarters to-day. what has she done with the huge by a crowd of the best names in He intends to leave for Genera Jonna that have been poured into Americs, such as N. M. Butler, H. at the end of the month to preside her lap during the last five years B. Joy, all the Bishops, and all over, the Disarmament Conference, by Americas and English finané the Presidents of Universities, tra? With characteristie, foresight Patan, Bancroft, Dann, aval the Germans have spent that money many more, organised an associa in re-equipping their factories and tion" for the cancellation of war workshops and in what we call debts, and addressed Mr. Secretary,

* social services,"

s, in Mellon to that effect. building municipal schools, hos-i

But five yours ago America was pitals, laboratories, maternity ill running before the wind of clinics, and generally in binding

prosperity, and Mr. Mellon, a mil

up the wounds of her industrialionaire magante, of the aluminium classrs who suffered in the war.

trust, sitting snug behind his tarif

GENERAL DAWES NEW 'POST

HEAD OF RECONSTRUCTION AND FINANCE CORPORATION.

(TAROCOM REUTER'S AGENCY,]

WASHINGTON, Jan. 19. It was diteland Go-day

that

At this hour Germany is probab,|, ly better equipped for industrial wall. rend Messrs. Peabody and his | professors, and bishops a lecture in competition than any other opin the best Treasury style try in Europe, and that she bas

achieved this result with other i The war loans to England, be General Charles Dawes, «U.S. Am- people's money is perfectly churamid, were not a war contribution. bassador in London, has been ap teristic of the pation. Repay? Of, but a commercial transaction, pointed as the bead of the Rectan Curso she can't repay just now. muney for goods delivered, adding, atruction Finaer Corporation re But what then? Give Germany with unctuous rectitude, that debt eently formed by the Government. time, and with her new mills and were not a bad means of keeping. After the announcement of his factories and her new technieni Europe peaceful, industrious, and appointment, General Dawen stated schools she will pay in a few years, frugal. But he singe a

Am- different that his resignation of the tund now, after Äve years.

bassadorship would become effective immediately. Teaching a Lesson..

What of Locarno?

The Reconstruction Finance Cor paration, with a huge capital, ha been formed, with the approval af Congress, for the purposes of pro- Mr. viding for the extension of indus

trial credits in the United States.

that

France sets the rehabilitation of her mortal enemy, which she had! Sweet are the uses of adversity, hoped to prevent, and no doubt if they teach a trust magnate ja will talk about the sanctions of the lille political economy, and touch Treaty of Versailles and occupying his practice with generosity. the Ruhr. But there is the Treaty Mellon tells the Amoriens of Locarno, and the League of N-England in hard pressed, and he tions, of which M. Briand is prae recommends a revision of the debt tically the leader. Democracy as settlement. Will he succeed with one merit, that, in the modern his countrymen? It is doubtful world, at all evente, it will not We must expect an exhibition of flight Face will have to do with all the violence and vulgarity of which American politieans are cap- But if Germany doesn't pay herable, when their pockets are touch. reparations and her war debts, and ed. only, a portion of her commercial

ww her reparations.

Меките.

Hoover and Mellen!

GOLD SHIPMENT, TO-

FRANCE

[İBUTÈL'S AMERICAN SERVICE]

STIAH WIRELESS SERVICE.)

ROBY, Jan. 19.

COMMITTEE VICEROY ISSUES INVITATION (DRITISH WIRELESS SERVICE.]

Recur, Jan. 19. The Viceroy, Lord Willingdon, By reaching Port Darwin, Ausas issued invitations to the nem dog, after leaving England in the Working Committee to meet on mail-carrying aeroplane Southera January 23 at New Delhi. Star, Air Commedere Kingsford- This working committee. Smith has established a fresh re- which Lord Willingdon will himself card for this journey in a commer-proside, as deputy for the Prime eial machine,

Ministar, was set up so that the Round Table Conference should pe kept in being and in order that the f British Government, through the Vy, might continue in effective i

AIR MAILS POPULAR STRIKING BRITISH INCREASE

[URITISH WIXZLESH SERVICE.]

touch.

over

When the Franchise. Federal Finance and States Enquiry Com wittees, which will shortly begin Roay, Jan. 19.

work in India, have made their re A striking increase in air mailonunendations, this working com trafe during last year is recorded inittee, which is representative of by the Postmaster-General,

practically all shades of Indian About swo and a quarter million opinion, will be brought into con letters, weighing over fifty-tavo teus sultation thereon before the final were sent by adr. an increase of conclusions [** adopted by the about 10,000 weekly over 1920. Government.

BRITISH INCOME TAX RETURNS

SATISFACTORY FIGURES

MAINTAINED

£28,000,000 Paid in One Week

[DRITJEN WIRELESS SERVICE, 1

Ruay, Jan. 19.

The remarkable response which income-tax payers made to the re- quest for prompt payment of the large instalment which became due on January 1 is shown by Treasury figures issued to-nigh; to have been more than maintained in the second week of the quarter.

During the week ending January NEW YORK, Jan. 19. 16. income tax paid amounted to It is reported in Wall Stree){ £29,600,000, an increase of no less that arrangements have been com (than £18,000,000, or approximately

För ploted

the shipping of 175 per cent, over the amount yol-

These withdrawals are expected

** GOVERNMENT GOING BANKRUPT »

CONGRESS MEMBER'S OUTBURST IN COURT

(Reuter's Special Service,).

KARACHI, Jan. 19. Presenting a remarkable figure, with a garland of white flowers round his neck and a vermilion mark on his brow (emblems of Congres Volunteer sacrifice) a created ́a brief disturbance in a Karachi court-room th-day.

He hurst into the Court while the Magistrate was in the midst of the hearing of a case, and shouted: "The Government is going bank- rupt."

He then proceeded to try and hell- small packets of contraband',salt. He was quickly placed under arrest. GANDHI'S SON ARRESTED

ון

(Reuter's Special Service.)

or private debis--she can't repud kirow that the moratorium is culy G825,000,000 to Paris from Neglected in the corresponding week of

SOLAT, Jan. 21. The third member of Gandhi's ate everybody and everything means of getting past the next York this week as part of France's last year. England cannot pay her tributa presidential election, and that war withdrawals of her balances, in the

family is likely to be maintained to the United States. It's an debts and reparations are finished United States.

The total amount apllected beat the expense of the Indian Gov. tween the 1st and 16th ́January was ernment. He is Gandhi's youngest ill wind" ete.; and the one benefit But in such a matter a two-thirds! arising from the depreciation of the majority of the Senate and a ma to involve some G$125,000,000.

nearly 20,000,000 compared with son who was arrested at Haripura, £22,000,000,000 in the first soventeen pound and the world slutsp is that jority in the House of Representa-

Arrest of Dongrass Leader. American politicians are beginning tives" are necessary. This the Prements will not affect the Unite

It is explained that then ship days of last year.

TAROVON REITER'S AGENCY. [ to change heart. Lord Balfour asident's Government will probably States' gold supply since

BOMBAY, Jan. 20. original proposal was that all re-fail to secure, until Senator Borah balances held in New York on weck ending January 16, there was Sengupta, the Bengal Congress parations and war debts should be and his supporters realise, as they Fronch account have been subject received £7,350,000, compared with leader, was arrested before he even cancelled.

will very shortly, that they may to delivery on call. The transfer £2,450,000, in the corresponding had time to land, when he arrived got nothing at all.

of the balances to Paris is attriba work of last year, and the total from Europe in the Italian steamer Revision Unavoidable.

Lo us be realiute for once. I fed to French" expectations of an amount received in the first sixteen Gange, accompanied by his wife Human nature being what it is, Europe, including England, can't emaier money policy in the United days of the year in £15,000,000 which | and nieco, that policy was scouted na a counselor won't pay, what is Mr. Mellon Stares, involving a lower rate of shows an increase of £7,000,000 over 'He was escorted to Poona where of perfection. Balfour next pro going to do about it1 Echo answers interest for French funds in Ameri- the total received in the correspond he will presumably be lodged a posed that England should pass on what?

ing period of 1931.

Yeravda Gaol withTM Gandhi.

Cil.

The collection of surtax to-day in the equally satisfactory. During the

MR. YU YU JEN AT CANTON

High hope is expressed in Canton political circles that Canton-Nan king relations might be consider ably improved as a result of Mr." Yu's visit.

||

ELABORATE BANQUETS

(From Our Own Correspondent.) ·

CANTON, Jan. 10.

CANTON, Jan. 90. Mr. Yu Yu Jen's visit to Canton ia in connection with the attempt

Mr. Yo Yu Jan, President of the to reconcile Nasking and Canton,

Examination Yuan of the Nanking Last night he had secret con Government, who came to Hong versation with Commander-in-Chief Kong last week to urge Mr. Hi Chen Teni Tong and General Pei Han Min to proceed to Nanking to Chung Hai..

It is learned that as help to carry on the Government, a result of Mr. Yu Yu Jen's effort came to Canton this morning on the anxiety of the Canton and visit. He was accompanied by Dr. wanga military leaders about the C. C. Wu, the newly appointed possibility of Marshal Chiang Kai Governor of Kwangung: Mr. Tong Shek returning as dictator has been Chak Ya, and Mr. Lim Yick Chung, dispelled. Mr. Yo is alleged to the acting Governor of Kwangtang have declared that as Mr. Hu Han The Nanking visitor was accorded. Min persistently refuses to partia rousing welcome and is being cipate in the "Uniñcation Govern-invited to elaborate hanquets and

(Continued on next column.) entertaininents.

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