1932-03-04 — Page 9

HONG KONG DAILY PRESS

MARCH 4 1932.

JAPAN NOW DEFENDING 20 KILOM. ZONE

BRITAIN REPAYS

FOREIGN CREDITS

FINANCIAL CRISIS · NEARLY OVERCOME

WITHOUT PRECEDENT IN FINANCIAL · HISTORY,

(REUTER AND BRITISH WIRELES

RUGBY, Mar. 3..

TERMS FOR WITHDRAWAL OF

NEXT YEAR'S ESTIMATES

TOTAL SAVING OF £13,000,000

(THROUGH HIUTER'S AGENCY,]

The announcements made by tho

LONDON, Mar. 3, Chancellor of the Exchequer in

Cuts in Britain's fighting services the House of Commons, last night, will cost the nation £3,250,000 less, are regarded by the British Press necording to easimates issued to- as gestures of financial condidence, day, and including the Civil Ser and are described in America avies thara" will be a total saving being without precedent in finan of nearly £13,000,000. The Civil Service savings amount to £7,500,000 and the Army to £3,800,000,

cial history.

The ABNOVÉ COMént s indicated Brst, that Britain would to-morrow repay the United States of America $150.000,000 of the $200,000,000 credit contracted on August 28, 1931. Second, that the restrictions British nationals purchasing foreign exchanges were removed as from last eight,

on

These favourable statements had most stimulating effect on the London Stock Markets this morning and a buoyant tone prevailed in every department, business showing distinct signs of broadening,

LONDON, Maruh 2.

The Government has decided to withdraw forthwith the restrictions placed upon the purchase of for. eign exchange by British nationals.

In making his announcementa, the Chancellor of the Exchequer stressed that the repayments of the credits did not involve any loss tu the British taxpayers.

More Than Half,

The total of the country's esti- mates are £808,392,000.

DEFENCE ESTIMATES"

(BRITISH WIRELESS SERVICE]

RUGBY, Mar. 3. Estimates for the Defence: Ser vices for the coming year BrO AS fellow-

£50,476,380 decrease of £1,128,700 £36,488,000 decrease of £3,442,000 £17,400,000 ́decrease of-- £200,000

Navy

Army

BABY LINDBERGH'S KIDNAPPERS

DEMAND FOR G.$50,000-

Mr. Chamberlain made his an- 'PLANES ASSIST IN SEARCH nouncements in the House of Com- mont, stating that arrangementa (Router's Special Service.) had been completed to meet mere the than half the obligation on

New YoRx, Mar. 3. credit to America. One hundred It appears that the miserCRDLES and Afty million dollars of the who kidnapped Col. Lindbergh's American credit would be repaid on baby arrived by a big car, which was Friday, thus reducing that credit left in the woods near Lindbergh's from roughly forty million pounds house with a woman accomplice. Removing their shoes, the kidnap- to roughly san million pounds,

pers silently crept up to the house carrying an expanding ladder and climbed to the window of the chilia room, wrapped it up in an eider. down quilt and carried it off appar- ently still sleeping, ne no cry, or sound was heard

"This repayment is final, ib- lenders having consented to return a proportionale part of the one per cent, commission na from the date of the maturity of the existing bills. The credit given by the French bankers is now reduced from roughly twenty million pounds to noughly daven million pounds.

As_sbon na the Likinapping was discovered details and a description The remaining section of these of the child, were telegraphed to French credite in represented by every police station in the four Treasury Bills to the value

Dates of Pennsylvania, New York, roughly twenty million pounds, in New Jersey and Delaware. The the hands of individual French holders, and we have no power to require them to accept repayment before August.'

State Police are watching all air- ports and have instructed all petrol stations on rands radiating from Col. Lindbergh's home to keep a Mr. Chamberlain, replying to a

close watch for motor-cars, while question, said the time had come the police are searching the country" when it was safe to withdraw the for miles around. All toutes lead.. Transury" Order under the Golding to Canada being closely watch Standard Amandment Act, stricling the purchase by Britished by Canadian oficials who are nationals of foreign exchange, and operating in the search. it would be withdrawn with effaut from to-night.

As to the question of foreign loans, it was for the authorities of the City to judge about the issue of now loans, At present, he imagin ed they would not consider it wise for us to land promiscuously over- sens. and in that opinion he would concur..

MALTA'S FUTURE

CONSTITUTION

COMMISSION'S PLANS APPROVED

[DEITISH WIRELESS SERVICE,]

RUGBY, March 2 Replying to a question in the House of Commons, the Culonial Secretary said the Government had

NEW YORK, Mur. 2.

It is understood that the gang responsible for the kidnapping of Colonel and Mrs. Lindbergh's baby son, have sent the famous airman a demand for fifty thousand dollars.

(REUTER'S AMERICAN SERVICE)

e Later.

The kidnapping of the Lindbergh baby has diverted public attention from the Far East war.

Planes Hunt.

Two aeroplanes, equipped with map-making cameras, are photo- graphing the country for miles around the Lindbergh home in an effort to trace the tracks of the kid- nappers.

Sloanwhile, agents of the New York Society for Children are bear- ching two hundred "baby farms in the city.

A possible clue to the baby's wherenhoute has been found in the

decided to give offcot to all the shape of a child's jacket, which

Postcard Mamage.

D

main proposals of the Malta Royal would have fitted Charles Junior. Commission. The Constitution It was discovered on the roadside would be restored to the island, and at Portland, Pennylvania. steps would be taken to give effect to the various her proposals in an appropriate way by local Or dinance, by Letters Patent and by

Bill to be introduced in the Im perial Parliament,

Regarding the strong expression of opinion by the majority of the Commissioners that, in the interests * of the Malteas and of Education in Malta, English should be the only language taught in elementary schools, in addition to the Maltese vernacular, the Government had de cided to pap this proposal into offoet forthwith.

LATER. A cryptic telephone message by an unknown voice to the local office of

Philadelphia nowapaper Was received a few hours ago, declaring that Colonel Lindbergh's baby is "being well cared for by a trained

nurso,

Instructions later.

リ

TROOPS EXPLAINED

CHAPEI A RAGING INFERNO

CHINESE TROOPS RETREAT OVER 20 KILOMETRES

JAPANESE MILITARY OPERATIONS TO CEASE

OFFICIAL STATEMENT ISSUED BY JAPANESE CONSULATE

PTHROUGH REUTER'S AGENCY.]"

Sason, Mar. 3, 43 p.m.

AT 2.30

AN OFFICIAL STATEMENT FROM THE JAPANESE, CÖNSULATI SAYS THAT THE JAPANESE OBJECTIVE HAS BEEN" ACHIEVED; AS THE OHI. NESE TROOPS HAVE WITHDRAWN KİLOMETRES.

THEREFORE, THE OFFENSIVE OPERATIONS WILL CEASE FORTHWITH,

ADMIRAL NOMURA'S STATEMENT

'SHANGHAI, Mar. 3, 3.12 p..

AN OFFICIAL STATEMENT CALLING FOR THE CESSATION OF HOSTILI TIES WAS TO-DAY MADE BY ADMIRAL NOMURA, COMMANDING THE JAPANESE NAVAL LANDING PARTY.`

IT IS EXPECTED GENERAL" SHIRAKAWA, THE C.-IN-C. OF JAPANESE TROOPS, WILL ISSUE A SIMILAR ORDER AND STATEMENT VERY SOON,

* GENERAL SHIRAKAWA'S STATEMENT

SHANGHAI, Mar. 3, 4.36 pim.

GENERAL SHIRAKAWA ISSUED AN IDENTICAL STATEMENT TO THAT OF ADMIRAL.NOMURA'S, STATING THAT JAPANESE TROOPS "HAD BEEN ORDERED TO CEASE THEIR OFFENSIVE.

THE STATEMENT SAYS, INTER ALIA, THE JAPANESE NAVY AND ARMY IN AND AROUND. SHANGHAI ENDEAVOURED TO PERFORM "THE DUTY OF PROTECTING JAPANESE RESIDENTS BY PEACEFUL MEANS BUT WERE COM- PELLED TO- ADOPT HOSTILE ACTION. NOW THAT CHINESE TROOPS HAD WITHDRAWN TO OUTSIDE THIS DISTRICT, AS JAPAN ORIGINALLY DEMANDED, "THE" SAFETY OF JAPANESE RESIDENTS AND THE PEACE OF THE SETTLE

MENT HAD BEEN RESTORED, WE INTEND TO CEASE HOSTILITIES UNLESS CHINESE TROOPS RESUME HOSTILE OPERATIONS/

WITHDRAWAL IN THREE STAGES

TORTO, March 3. IT IS AUTIPORITATIVELY INTIMATED THAT THE WITHDRAWAL. JAPANESE TROOPS WILL TAKE PLACE IN THREE STAGES:-

SPECIAL LEAGUE ASSEMBLY MEETING

SUSPENSION OF FIGHTING

CAUSES RELIEF

M. HYMANS ELECTED PRESIDENT.

(THROUGH. REUTER'S AGENCY.]

GENEVA, Mar. 3. Nearly fty nations were Tere sented at the special meeting of the Langue Assembly, convoked to dead with the Far, Enatera crisis.

There was unsoncealed feeling of relief at the news of the suspension of fighting in the Shanghai zone.

M. Hymans was elected President by forty-tvo out of forty-seven

votes.

LEAGUE AT THE CROSS- ROADS OF WAR AND PEACE

'SOLEMN WARNING BY MR.. YEN

(THROUGH BRUTER'8" AGENCY,]

GENEVA, March 2..

ja

REDS IN THE LIANG KWANG PROVINCES

HELP PROMISED, BY NANKING

(From Our Own Correspondant.);

CARTON, Mar..... A

The Nanking Government, in s wireless message to Canton, to-day, has promised to finance the anti- Communist campaign in the Linng Kwning Provinces to the extent of $500,000 a month or one half of what General Chea Trai. Tong hai saked.

Between Kwangtung sad Kwang si, 20 regiments will be sent to Riangai to clean up the Com-

mists. The vanguard has already passed the Tai Pu Mountains on the Kiang-Kwanging' borden and are, besieging Kanchow have, for some bearing Kanchow. The "Reds"?

unknown. reasons, withdrawn of their own accord, according to a military message, received here to day. The city is quiet again, and communication with Kandu and Naathang, which had been inter rupted during the siege, has bee resumed.

the Council's proposal for au 17 medinte international conforanice in Shanghai, points out that these proposals wara, subject to a local arrangement being made for a cen sation of hostilities.

GUNS' STILL, ROAR The letter adds that the Assembly (for which arrangements had been completed) could not begin white guns were still roaring in the Far East, and urging him to do his

** We are at the Cross Roads. The decision to go the way of peace or the way of war is squardly befors us all. There is no middle course. 11 Japan is right, then militarism and brute force will resume their sway over the affairs of nations. Its the new order is to be preserved, the hour has struck to defend it. utmost to bring about a termina "Japan stands at the bar of ion of fighting for the meeting public opinion of the world. Her Mr. Sato has arranged to seo d appeal to arms cannot be reconciled Paul Boncour later.. with the new order or things ro- corded in andemn treaties, upon

SHẢNGHAI RADIO NOT which the hope of the civilised,

WORKING world now rests. China cannot be

GENEVA, March 2 liqve that she has committed a

The League's wireless station res blunder in relying upon the Lear gue of Nations Covenant, which porte that the Shanghai Station was. Brought into existence at a been put out of action by coat of ten million dead and thirty bombing and that all attempts to million wounded, backed by ftyrore communication have hitherto

failed: five nationa

זני

"In these solemn words, Mr. W. W Yen, China's principal delegate

OF

FIRST, THEY WILL "IMMEDIATELY TAKE. UP A DEFENSIVE LINE APPROXIMATELY TWENTY KILOMETRES FROM SHANGHAI.

AS"

SECOND, WITHDRAW TO THE SHANGHAI AND WOOSUNG ARDA BOON AS SATISFACTORY ARRANGEMENTS ARE MADE FOR POLICING THE NEUTRAL ZONE, "

PERMIT.

THIRD, COMPLETE WITHDRAWAL TO JAPAN AS SOON AS CIRCUMSTANCES

CESSATION OF HOSTILITIES

(From Our Own Correspondent.)

SECOND

LINE

OF

SHANGHAI, Mar. 3, 0.57 pm. ALTHOUGH ACTUAL HOSTILITIES. HAVE CEASED, FEW PEOPLE ARE ALTOGETHER SATISFIED THAT THE WAR IS OVER, EVERYTHING HINGES, ON WHETHER THE CHINESE, AFTER CONSOLIDATING THEIR DEFENCE," WILL RESORT TO FURTHER HOSTILE ACTION,

THERE 19 EVERY

A PROBABILITY OF ROUND TABLE CONFERENCE BEING HELD AT SHANGHAI SIMULTANEOUSLY WITH THE GENEVA CONFER. ENCE THE COMMANDER OF THE BRITISH DEFENCE FORCES AT SHANGHAI AND THE BRITISH AND AMERICAN MINISTERS ARE EXERTING, GOOD, OFFICES TO SECURE A LASTING SETTLEMENT, IN WHICH THE BRITISH, AMERICAN, FRENCH AND ITALIAN MINISTERS WILL" PARTICIPATE,

JAPANESE CASUALTIES

THE TOTAL JAPANESE CASTALTIES SINCE THE FIGHT BEGAN ARE:- NINE OFFICERS AND 199 BLUEJACKETS KILLED.

FORTY-SEVEN OFFICERS AND 431 BELEJACKETS WOUNDED. THE ENTIRE JAPANESE COMMUNITY AT SHANGHAI IS REJOICING AT THE SWEEPING VICTORY, WHILE THERE IS INTENSE RELIEF IN FOREIGN CIRCLES.

THE HONGKEW DISTRICT 18 RE-OPENING TO PUBLIC TRAFFIC ON AND EVACUEES ARE ADVISED. TO RETURN TO THEIR FRIDAY MORNING HOMES.

"

......

MR. EUGENE CHEN AND MR SUN FO ARE REPROACHING OHIANG KAI SHEK FOR HIS LACK OF SINCERITY IN NOT SENDING THE · PROMIS-

REINFORCEMENTS.

ED

11

AIR OF PESSIMISM PREVAILS AT SHANGHAI

(THROUGH REUTER'S AGUNOV.]

An anonymous postoard, addireK- od to Lindbergh has been discovered in the post, stating:

"Baby safe,

SHANGRAI, Mar. 3, 2.34 p. | troops, while the Japanese artillery appealed to the Municipal Council Act accordingly.”.

The peace talks. in Shanghai have maintains a steady bombardmcut to lend assistanco in putting them Those developments are thought been abandoned, at least tempor. The whole of the countryside is out, to form two of the most important arily, and an air of pèssimiam pre- | going up in flames as the Japanese The Government had decided to clues in one of the world's most vails with the publication of the advance......

THE FALL OF WOOSUNG reject the proposal that judicial amazing kidnapping cases which fresh Japanese demands which are Japanese military headquarters Although only a small body of appointments should not in futurs has filled the whole of the United considered to be very stiff, placing i see no likelihood of an immediate Chiness troops remained in the be confined to Maltese,

States with pity and horror. China at the mercy of the Japanese | cessation of hostilities, but they Woosung aren last night," six-inch (Reuter's Special Service.) Mrs. Lindbergh, formerly Miss militarists,

apparently hope that Chinese forces artillery and the big, gnus of nine LONDON, March 3.Anne Morrow, who is expecting Mr. Quo Tal Chl has referred the from Nanking will hold up the rewarships rained shells all through The British Government has another child, is bearing up bravely demands to the Nanking Govern- treat of the Nineteenth Army so as the night upon the much battered decided to restore the Constitution against the strain and the terrible ment leaders and while he is await to enable the Japanese forces to Chinese positions, the defenders of of Malta, which was suspended fol- anxiety,

ing a reply, the Japanese forces surround and annihilate it! | {which had held out gallantly for a lowing the quarrel, between the If the hope that the kidnappers continue to press on apparently Shanghai was to-day overshadow-month in the face of w withering- Salta Government, under thewill see it and act upon it, Mrs. determined to destroy the Nine, od with a pall of smoke fromt, huge dilly bombardment. Premiership of Lord Strickland, Lindbergh has issued to the Press teenth Route Army, 7:

**** ["conflagrations in Chapel and Kiang. .......... Early this morning, naval aero, and the Roman Catholic olergy, in the complete diet on which she Japanese aeroplanes aro bury | wan" | Nearly Ally tres were counted planes dropped. "High

explosiv which the Vatican, participated. has been feeding her son,

· bombing the refreating Chinese | and the Chinese authorities have, (Continued on Page

SHANGHAI, March 3,"" It is learned that the Japanese,

a. Geneva, concludes his explana-have not, as stated in a Gene

bombed the Shanghai tory statement, with a fall doen. JO,

(Chenju) wireless station. The mentation, which he submitted to the Council of the League to-day is believed that the Chinese situation there is most obsecure, but,

in compliance with Article Fiftee bf the Covenant,-----

The Chinese statement of her case was distributed to the Press to-day, but the Japanese memorai dum has not yet been published.

Fine Distinction.

The statement which was handed in by the Japanese delegation. this afternoon makes a fine listinction, calling it an explanatory memoran dum, by way of emphasising that Japan has not acknowledged the application of "Article Fifteen of the Covenant.

operators there either fled, bafora arrival of the Japanese, or have not been permitted to carry out. their duties

"HUMAN WALL" IN SHANGHAI

LONDON, March 2. Miss Maude Royden and the Rev. "Dick" Shoppard made another appeal to-night on behalf of the Peace Army, in connection with the proposal for a "human wall” at Shanghai,

The leaders of the movement naît- M. Paul Boncour, the Presidented all interested in the Peace Army of the League Council, in a letter plan, to send their names to Si to Mr. Sato acknowledging the re-Eric Drummond in view of the fact ceipt of the Japanese acceptance of that, the Far Eastern situation is

"(Continued in next Column). getting worse.

5% FREED

OF

INCOME

TAX

A SAFE INVESTMENT

BUYS

YOUR

OWN

HOME

Money invested earns a regular dividend of 5% Free of Tax.

It is absolutely secure and always available

to be paid out in full on demand,

No risk of a Falling Dollar.

Have your own HOME ready before you retire.

*Established over 60 years, 0 years. Capital over £1,000,000.

THE MAGNET BUILDING SOCIETY

81-83

Boan, LONDON, V2. Pamphlets from the HONG KONG DAILY PRESS Offees.