WAR DEBT DEBATE IN COMMONS
DECEMBER 15, INSTALMENT PAID
(Continued from Page 1).
کجاس
£1,450,000,000 from France and from Russia 2650,000,000. Against that, Britain's debts to the United States, together with accrued in terest at that time, amounted to £750,000,000,
Mr. Chamberlain then reviewed the U.S. funding negotiations whereby a remission of the debt way obtained amounting on a basis of five per cent. interest, to 28 per cent. of the original figure. Bri- tain also carried out funding agree- ments with her debtors, the Italian debt, on the same basis, being scal- ed down by 66 and the French debt by 02 per cent.
Meanwhile, reparations had be gun a downward path, and in 1923, by the Dawes Agreement, were brought down to a capital liability of about £8,000,000,000, payments at irst being made without difficulty,
MEXICO RESIGNS FROM LEAGUE
OWING-TO-FINANCIAL SITUATION
(through Ekuten's AOKNEY.Ï
GENEVA, Dec. 16. MEXICO has given the necessary
two years notice terminating her membership to the League, of Nations, owing to the country's financial situation.
ARREST OF M. SOKOLNIKOFF
REPORT OF HIS ARREST DENIED
THROUGH REUTER'S AGENCY:1
LONDON, Dec. 15. A MESSAGE from Moscow states
that M. Sokolnikoff ja at pre-
country,
sont, enjoying holiday in the An earlier message states that as the United States were landing. Sokolnikof is under arrest for large sums to Europe.
Orash in America, After the crash on the American Stock Exchange in 1920 and the withdrawal of short term credits
granted to Europe, it was seen that reparations were too high, and by the final settlement under the Young Plan they were reduced to
HONG KONG DAILY PRESS, FRIDAY, DECEMBER 16, 1932.
CANTON NOTES
CHINESE MARITIME
CUSTOMS
HOUSE RENTS AND LAND
VALUES,
POPULARITY OF TALKIES
From Our Own Oorrespondent,)
Canton, December 14. The Chinesd Maritime Customs service is now to 'effect' measures of Bconomy, Because of this, begin- ning with next year, the Customs Houses at Kongmoon and at Sams sbui are to be joined into one gre ganisation, which means one of the But stations is to be abolished. which one 1 It is said that the Customs authorities have decided to
retain the Kongmoon station, but
the merchants of Samahui
and
ANOTHER ATTEMPT TO BREAK RECORD
VICTOR SMITH HOPS OFF
FOR CAPE TOWN-
"[THROUGH (REUTER'S "AGENCY.]
NEW CATHEDRAL CHURCH
OPENING SERVICE ON
SUNDAY
The new Church of St. Theresa, which is situated at the junction of Prince Edward and Waterloo Roads, Kowloon, will be formally open on Sunday next at 10 am."
CANTON MUNICIPAL FAIR
COMMITTEE ISSUES MANIFESTO
MAIN OBJECTS OF› THE EXHIBITION
LONDON, Dec 15, VICTOR SMITH departed by
The ceremony of the solemn bless-
The Preparatory Committee for plano at 1p.in. to-day on aning of the Church will be performed the Canton Municipal Fair has attempt to break the England to by Bishop Valteria, who will celeboon hard at work to get the Fair Cape Town record.
brato High Mass after the blessing ready for opening on February 15 at 10.30 am. The band of St next. A declaration is being issued, Latis Industrial School will be in by the Committee informing the attendance and play both before and general public of the main reasons after the service. During the ser
which have prompted the muni- vice the pupils of St. Mary's School cipal authorities to arrange the will sing hymns,
exposition:
MRS. MOLLISON FORCED TO -LAND
OWING TO EXTREMELY
BAD WEATHER.
{THROUGH EKOTER'S ARECE)
い
Dimensions.
Canton aa Leading Uity in South.
CANTON ROTARY
CLUB
FIRST: ANNIVERSARY. CELEBRATED
CONTINGENT | FROM '
HONG KONG
Canton, Dec. 15.--The Rotary Club will celebrate the first an- niversary of its idauguration with a diner-dansant at the New China. Hotel this evening. About a hun- dred and fifty members and friends will participate The local club has extended an invitation to the Hong Kong club and in response to this about a dozen Hong Kong Rotarians and their ladies will bo present to celebrate the event with their local brothren.
In addition to this there will be a musical programme towards the making up of which Hong Kong guests will play a prominent part. The following items will be pre-
2 Rotary Song by Rotarians 3. Violin Salo by Mr. Ho Or Tung Piano Accomp Miss L. Chu..
The Church, a very beautiful The fact that there are many building, was designed by the Rev,things in Canton which may be dis Father Gresnitt, 0.8.B., a profesor played with advantage has beet in the University of Poiping. The stated as one of the main reasons Credit Foncier are the architects for the project. The importance of softed. and the contractor was the firm of Canton ne the chief city of the Selection by Hawaiian Quar- Mei. On & Co. The dimensions of South, and as a centre for the tette. ORAM, Dec. 14.
St. Theresa's Church are:-Length country's economic, industrial and 406 feet, width 60 feet, transept 103 cultural resources requires that the and friends Mollison (Amy Johnson) feet. The dome is 85 feet high and city be better known to the world. was forced to land at Bea-1-
The achievements of the Canton The high Althas and the very lovo Municipality in the matter of re- south of Oran this aftermon.owingly group of statuary, representing construction and development are to extremely bad weather,
the Blessed Virgin Mary and St. also reviewed, and plans for the world, are of Carrara Marble and lined. Thereas scattering flowers on the future expansion of the city out- Lineker.
·both arrived in perfect condition from Italy. The balustrate' and Communion rails are the work of Vanini and are beautiful examples of Italian Terrazzo work,
vicinity are naturally inclined to think otherwise. A meeting of the business men of Samshui and other ports up the West River was re-MRS. ported to have been called during tion was adopted to petition the authorities not to close down the Samshui Customs. If it was really. Decessary for the number of cu
alleged platting against M. Stalin, the last few days when a resolu- Ounif, acme 450 kilometres to the the companile 139 feet high.
The earlier message will be found on page 1.].
UNEMPLOYMENT IN
GERMANY ...
£1,000,000,000. Even that was an EMERGENCY DECREE NOW good.
In 1031 it became clear that Ger many was heading for bankruptcy, and in June 1931, President Ho over proposed a moratorium sus- pending for one year all inter- governmental debts, and, by im- plication, he recognised the ection between war debta reparations.
can. and
London Conference. In the following month, at the - London Conference, the British Government again urged the old policy of cancellation, but neither the American. nor French repre- sentatives would accept.
In October, 1931, a communique,
A
BEING PREPARED
(THROCOH REUTER'S AGENCY)
пон
BERLIN, Dec. 14.
decree is emergency being prepared laying down a programute of relief for the un- employed which will involve the Reich in the expenditure of fiftoon hundred million narka (about £100,000,000).
issued after the Laval-Hoover con- ON versations staled that prior to the expiration of the Hoover gear, some agreement on inter-govern- montal obligations might be neces sary covering the period of the business depression, and that the
ANGLO-PERSIAN. OIL DISPUTE
LEAGUE AGENDA FOR
NEXT WEEK
(ORITISH WIRELESS SERVICE.]
RUGBY, Dec. 14.
initiative should be taken early THE Secretary General of the League of Nation, replying by the European powers principal to the British Government's com- ly concerned."
Later the United States Governmunication submitting the Anglo ment intimated to the British Am Parsian oil dispute to the League bassador that a European repara, Council, states that the subject has tions settlement would be the best been placed on the agenda of the method of approach with a view presont session of the Council to to revision of the war debt due to be dealt with next week. America.
European Opinion Changes. Owing to the remarkable changé in. European public opinion, it was possible to achieve at Lausanne a success far more complete than had been anticipated. The affect was to put an end to the existing sys tem of reparations, for the ultimate maximum liabaility to which Ger- many is now exposed in respect of reparations is only £150,000,000 in- stead of £1,800,000,000 as it was left under the Young Plan.
Threo Alternativas.
fi
INDEPENDENCE OF
PHILIPPINE ILS.
TO BE GRANTED WITHIN EIGHT YEARS
THROUGH, REUTER'S AGENUT]
WASHINGTON, Dec. 14. THE Senate to-day approved the
Hare Bill, which was passed hy the House of Representatives in April last and which will give independence to the Philippine Islands within eight years.
sary to intimate our
**Similar Position,
tome houses to be reduced, these merchants proposed, then let the Kongmoon station be abolished. For, so there people say, though Kongmoon may be a larger city than Samahui, the latter is within easier reach of the greater portion of the West River basin..
Fallure of Cotton Yarn Houses.
There was a mild sensation in local financial circles last Monday morning when Fan Wa Sun, the pro- prietor of three of the largest and most reputable cotton yarn houses in the city, was reported to have absconded owing to failure to meet his obligations. The combined liabilities of the three firms are estimated to be about a million dollars, while associated interests at Shanghai and elsewhere, will ac count for further losses. Fan hud been known among his colleagues in the business as the "South. China) Yam King" and, as such as com- manded great trust.
A Clover Ruse,
just been exposed in the city. One A group of clover trickstors bave of the members impersonated a brother of Tse Ying Chow Com missioner of Education for the pro face, and started to distribute in vitations for his wedding. A hand- soma baul was thus being made with the wedding presents that came pouring in-for the supposed brother of the Commissioner. They could have got away had not one of the invitations reached a friend of the Commissioner whoso suspicions led to the exposure of the fraud, Police. were sent to the address laid down in the card (for the reception of the gifts) and there two of the tricksters were arrested.
A
Falling House Rents.
House rents in Canton city, which have in the previous years experi- enced a steady but unreasonable ries, are now receiving a set-back."
Oran as soon as the weather clears She will resume her journey to
· SILVER MARKET
LONDON PRICES
(From Cur Own Correspondent.)
LONDON, Dec. 15, CLOSING BILVER PRICES IK LONDON TO-DAY~WERE ;——~~-
Dec. 14. Dec. 15.
17-1/169. Srot FORWARD 17 3/16d. 17 d.
NEXT PREMIER OF
FRANCE?
MENTION OF THREE PROMINENT RADICALS
[TYROCON REUTER'S AGENDY]
-PARIS, Dov.-15 ONE of three Prominent Radicals, M. Paul Boncour, N. Caillaux and M. Stoes, is likely to be the Bext Premier of France...
M. Herriot will likely be the first requested to form a Cabinet, but it is probable he will refuse.
It will be only a few days before the others are tried.
U.S. AND DEFAULTING NATIONS
BILL TO STOP SALE OF SECURITIES
Generous Support.
The funds for building the Church were almost entirely raised by the local Catholic Community, and re- present a very large number of donations which have meant real) Belf denial. Certain friends of the Rev. Father. Spada's, not in Hong Kong, also generously contributed to the fund.
Moro mones is needed to com- plete the furnishing of the Church and for its maintenance, but so splendid has been the response to the appeal for money to build St. Theresa's that Father Spada, in conversation with our representative yesterday, expressed his complete confidence that the generosity which has enabled the Church to be build. will never fail to support it.
SANTA CLAUS DUE TO-MORROW
BY SPECIAL PLANE CHAR- TERED BY SINCERE'S
The Christmas Spirit is in the air, and Father Christmas himself will also be in the air on Saturday, when he will circle round the Colony in an aeroplane between 1 p.m. and 2.30 p.m. when every- body will be able to see him drop- ping tiny parachutes containing credit coupons from Sincere's,
and friends,
4 Rotary Song by Rotarians
6.
Vocal Selection by Mrs.
·Piano Selection by Mrs.
Thatch.
7. Vocal Selection (original) by Mr. He On Tung.
8 Rotary Song by Reng: Kong' Rotarian or Hong Kong and Can-
Reference is then made to Can- ton's predominant position in com. mercial and industrial folds, Can- ton was the first port to enter into international trade' relations. The products of local manufacturers ton Rotarians. are widely circulated throughout the country. Even to-day, Canton occupies the second or third place among the ports of China in the valtime of foreign trade handled.
Historical Significance. The declaration next refers to Capton's place in the history of the Most of the Chinese revolution.
important revolutionary uprisings were started by the Cantonese any took place within the province. The numerous revolutionary rolies to be displayed at the forthcoming exhibition will help to instil a spirit of sacrifice and, duty.
Concluding, the manifesto, recalls the Leader's hope for the turning of Canton into the commercial con
tre of Asia.
6. Selection by. Hawaiian Quar- tette.
Rotarian Lancaster and party will dispensa dance music after the dinger for those who wish to trip the light fantastic
"PIRACY. WITH VIOLENCE" CHARGE
יי
TWO DEFENDANTS
ACQUITTED
"NOT SUFFICIENT EVIDENCE"
Because the principal witzesses could not he found to give evidence for the prosccuticul in the caso in Exhibits Invited.--.
which So Wai Tso and Fung Lo The Committee has sent invita were charged with "piracy with tions to all factories, business violence, arising out of the death houses, commercial guilda, how of Wong, Chi Yung and Ah Yiu pitals, and other organizations to whose bodies were recovered from participate in the Fair. Bimilar the harbour in November last, the invitations have also been sent to Magistrate discharged both deferr all chambers of commerce in the dants, on the grounds of inspfi- various districts of the province.cient evidenco.
Addressing the Magistrate, the Crown Prosecutor ---- Mr. --JAMAN Fraser said: "I am sorry to say?
SIR SAMUEL WILSON that the man whom. I was going to
IN HONG KONG
PROMINENT COLONIAL OFFICE OFFICIAL
call as witnesses cannot be found; therefore I am unable to offer any evidence other than the technical evidence.
He then asked that the cash be remanded until the man be found, but to this proposal Mr. H&K Lo, TO "GAIN. FIRST, HAND
who appeared for the first defen dant, strongly objected. Mr. Lo IMPRESSION OF THE COLONY: remarked that his client had al
ready been detailed mu prison for
Last year was the first time in that history of Hong Kong, that the Santa Claus convention was adopt ed by a departaiental, store. But The Permanent Under-Secretary several werke, and as there were then Santa did not fly above Hong of State for the Colonies, Brigadierno, prospects of being able to ob Kong: he landed quietly at Ka General Sir Samuel H. Wilson, tain the principal witness who Whereas it took a house-hunter A BILL forbidding the entry into lack Aerodrome, and proceeded KC.B. E.D.M.G., who arrived in bad departed to the country ha
from there to Bincere's Store. Hong Kong yesterday morning by asked that his client be acquitted. days and sometimes weeks to locate the United States of the securi- This year however, apparently in the 8.8, Ranchi, in staying here for The Magistrate In view of the a vacant fiat, notices announcing tics of defaulting foreign govern the belief that he is more of a six days as the guest of E.E. the fact that the witnesses have dis housee 'to let " in different parts of the city now-House of Representatives by the sing in odicial flight over companied by Lady Wilson, and discharge the defendants.
are in evidence ments bas been introduced into the public. personage than he thought, Governor. Sir Samuel, who is ac appeared from the Colony 1 must days. With houses less in demand, Republican, Mr. Harold Knutson, rents naturally drop.
The Bill will also prohibit the Several reasons have been ad. advertising of such securities and vanced for this change. In the first their transport through the Ameri.
can maila replace, many new houses have brea
added to the city with the boom i building activities in recent years
intention
MANY PENDING CHANGES.
Sir Samuel went on to say:--My visit is not official but I shall of course discushything of interest. with the Governor, hav
INTERESTING
DEBATE AT Y.M.C.A.
THE CINEMA AND ITS EFFECT ON NATIONAL MORALS
That the Cinema is Detrimen Stop National Stortit," was the I have been in Malaya for the ject of a debate which took place past month in connection with the in the West Lounge of the Barros enquiry on decentralisation. The pean YU.A. Kowloon, Isap has been completed; and I am now night, before a representativa crystallising my thoughts Before lay gathering of members and friends Dig the situation before the SecreThe motion was supported by tary of State. Nothing will be de Mr. B. 0. F King and sided until my return to England Kelleher while Mr. B Government and everything then depends on the
To: Vidit Geylon,
But the Lausanne settlement was only provisional, whereas if the United States had been willing to send a representative to Lausanne, we might have made a final settle ment on the spot.
Anticipating that discussions with America would begin imme- when discussing a final settlement, diately the Presidential election to put forward our contention that was over, requests for payment. as the old regime interrupted by the
the Colony (after his non-stop Mr. G. E. J. Gent, D.80., M.C., between inter-allied debts were Hoover Moratorium can never be suspended until either the Lausanne revived.
fight from Alaska) before landing also of the Colonini Office, in the
settlement was ratified, or until "it
At Kai Tack. Many will be the course of an interview with local eager young eyes uplifted on pressmen, said that his visit was of was decided that no ratification. If in the final settlement some
Saturday to see him, dressed as he an informal nature, and undertaken depending on a satisfactory settleduced capital sum should be fixed,
always is, leaping out of his goaily at the suggestion of the Secretary- ment with the United States.
our debtors must still discuss with
coloured plane dropping gifts all of State for the Colonies, with a The negotiations and exchange of us on what terms, and to what ex- and as a result of the municipal e POLICE TRANSFERS over the Colony. He will release view to gaining a first hand impres notes which followed were next re- tent, we should be prepared to scale pansion. Then renta have risen to
20 parachutes, each containing sion of the Colony viewed ----In the diplomatic ex- | down their debta to us,
such an extent that many could not
Sincere a Credit Coupon. The first changes, said Mr. Chamberlain, wa Our position still remains where afford to live longer in the city, and
three coupons which are presented were given to understand that cash it was at the time of the Balfour have been driven to move out
at Sincere's the dext day (Sunday) and cash only, would be acceptable Note. We shall not ask of our Again, owing to previous disturbed
will entitle holders to special prizes 10 members of Congress.
in addition to guode of the value debtors more than we are called conditions in the districts, many
sfer in the of the coupon, upon to pay our creditors, but they have moved out to the city in paat The followis
jake effect as a diva Latest If we had declined to pay it can hardly expent us to be content care, for safety. With the work of Police Fore would been equivalent to default, with less f
pacification and bandit suppression | from next
December 21: and default by the British Goy
barried out with considerable sueders 1 Sub-Inspector, linh trung Budget Proposals.
According to the latest telegram ernment for a sum which we could
Concluding, Mr. Chamberlain during the recent months, peace and ferred from Central to Wanchun from-Alaska, Santa has had a good not truthfully, say we were unable said the payment would be made quiet have to a great degree, been Bub-Inspector Dredge from trip across the Atlantic and will to pay would have resounded in gold in New York on the 15th, restored in the districts. Many Wanchs to Secretariat for Chinese arrive in Hong Kong punctually a around the world and might been As to the Budget, he proposed to return to live in the native villages, Acting Sub-Inspector. A. T. Habey at 2.30 p.m. where he will be wel have therefore found it possible to Affairs (Board House Officer.) 1 pm, and will land at Kai Tech taken as a justification for other deal with the deficit by having According to police statistics, during from Secretarist for Chinese Affair.comed by a special committee from defaults in other circumstances.
recourse partly to lower rates of
the last month, over 3,000 families (Boarding Home Offter) to Haw. Sincere's and students, of some As a second alternative; we might interest on Treasury - Bilis, and hays asked that the required notice partly to funds provided by the have moved out of Canton, Bent kors' Bub-Department, Folice Head schools in addition to any of the
public who may be present, for the postponement of the prin- Binking Fund which are no longer have therefore come down, with the quarters ciple be warred, but after requests required by statute, owing to the attendant result that real estate
special steam launch, will take for suspension of the whole pay rise of gilt-edged securitien
values in the city have depreciated.
humoross the harbour, and hall Anont, based on very wide considers payment from it could not be re
on the Hong Kong side at the oposite Bincere a - store at tions, had been refused, it would peated, and any further payments not have been dignified to make a would have to be found out of cur-
p.m. where he will specially decorated motor-cir As Canton is not primarily an ples in forma pauperis, and might rent income. have prejudiced a final settlement. In the present conditions, all English speaking city, may be Decision to Pay A were desirous of making a fins! turos enjoy great popularity here. surprising to note that talking pic Therefore decided on the satisfactory settlement with the There are at least nine cinema third alternative, to pay in full. United States, in the interests theatres equipped with regular talk To have paid in full sad said no- not only of the two countries but ing picture apparatus, and in some thing-would-necessarily have taken of the whole world. It was equal the payment ont of the purview of ly, important to save the Lausanne of these the latest productions from Hollywood and elsewhere are re a Bhai remission of the debt and Settlement. Upon the preservation gularly displayed to packed house would have obliged us at once of that settlement must depend the The popularity of sound Alma may to inform our Allies that we continuance of harmony among the have been obtained at the expense pected them to make a correspond European nations and, largely, the of the native theatre which is fog king payment to us in respect of stability of security of the financial ing a most depressed time. In fact,
their debla,
franske situation of a considerable part of the Hor Chu Theatre along the The mischief would not have Europe
Rund the leading for the present stopped there
franktion of native shows, has been torn must have necessarily.
onness, sincerity and loyalty that we ed into a bihema, house, and it is ra their request to, Gab to begin could hope to tain: the do-opera-ported that stops are being taken, again the payment” of reparations:|| tión of other
restoring for the installation of considered nocésan!
but
Talking Pictures,
will lead a parade through
"main" "stecats "sof" the city,
Mr N Stockton opposed the
motion,
The proposers of Ladopted the view that only Sir Samuel Will visit Ceylon on percentage of his way home, and discuss with the duc Governor the work of the new con Lional stitution, Referring to Government he said Const
ments of the
Acting Sub Inspector W. Armitt from Hawker Bub-Department Police Headquarters to Sheungahusand
Sub-Inspector B. Ehophcard from Shengshui to Gough Hill;
Sub Inspector W. R. Chester Woods from Gought Hill to Central
Police Bergeant Ritchie from procession will fail up Police Station Central Police Station to Hawkers' cere's Roof Garden which, will open!) Sam Sub Department (Yamshi),
on the same day,/ Sergeant Madgwick from Haw Pedagang Wanderlans, and kers Sub Department (Taumuti) to
Home In Wonderlandare many in Central on regular duty,
Police Sergeant Nolloth to teresting povelties which will Criminal Investigation Department under the supervision
:Sap (Wanchsi),
Sub-Insector C. R. Rozeskwy into which every from Criminal Investigation Depart but from which not ever ment (Waochai) to Criminal Inves- escaps Special PTIZES figation Tartment
given to all those wh
to the heart of onderland also con Skati Rink, Ping Pon
Fricycle Stadium. ther novelties:
wagen These include the Mỹatji
Deparkmezi
to Becretariátyá
District
the | the vererging of falking, zima here
(tajn who is going on
und us foot of
vrather.
frost
ance of the
the minds of the
- the other hard"; the of the motion confended Hnal and lasting impress at the conchisjon no, the of present dage: dilinis ? uneas the opposite to bid.
suggested by the pro was also argued, in favour that they possested def
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