1932-12-31 — Page 9

BRITAIN TO AID NEWFOUNDLAND

IN PAYMENT OF INTEREST

-ON DEBTS -

"FBRITISH" WIRELESS SERVICE)

the

S. AFRICA OFF GOLD STANDARD

STATEMENT BY FINANCETM -MINISTER

"[THLOUGH"REUTER'S ̄AQENOV:}"

PRETORIA, Dec, 29.

RUGBY, Dee 29. A STATEMENT on the terms of SOUTH Africa is definitely and agreement between the irrevocably off the gold stand- Governments of Great Britain and ard, and her currency is not link Canada and Nowfoundland regarded with sterling, according to an ing assistance to the latter Govern- official announcement through Reu, ment in mocting its interest obliga- | ter to-day, tions issued by the Dominions Office, has been published.

It refers to a determined at tempt made by the Newfoundland Government after the crisis of 1931 to put the "country's, finances in order and how, with the assistance of expert advisers from the United Kingdom and Canada and as the result of a strenuous effort by the whole community, very large reduc- tions in public expenditure were effected.

HONG KONG DAILY PRESS, SATURDAY, DECEMBER 31, 1932.

IRISH POLITICAL

SITUATION

MOVEMENT TO FORM NATIONAL PARTY

[THRÖVOLTM REUTER'S AGENCY]

DUBLIN, D14, 30.

THE political situation is gather. ing interest daily.' A_mesting of 130 leading business and profes sional men at Mansion House, pre- sided over by the Lord Mayor, launched a new movement to form Finance Minister Havenga, in-national government embracing terviewed, declared the banks of all parties in the Dail and Senate. the Union ware free to fix their own rates and exchanges, which the influence. Government would not attempt to

The country's monetary policy would be decided by Parliament in January. Until then they will pro- ceed carefully,

Little Business on Exchange. It was hoped that the budget [BRITISH WIRELESS ŠERVICE.). for the year ending June, 1933, could be balanced by economies, but

RUGBY, Deo. 29. there had been a further sharp fall A development in the South in the prices of commodities in African financial situation occurred which Newfoundland is particular-yesterday when the Reserve Bank ly interested, accompanied by in serious decline in public revenue. Recent information has made it clear that it is not possible for the Newfoundland Government to pro- vide out of its own risource, the full instalments of intercet due on January 1, on its external debt.

$1,250,000 Loan.

During Mr. Bennett's recent visit, an opportunity was taken to consult with him upon the aspecte of the situation, which is of special interest to the United Kingdom and Canada, and it has now been ar- ranged that a loan of $1,250,000 shall be made available to the New- foundland Government to enable the service of debt on January 1,

to be met in full.

Of this loan, one half will be vanced by the United Kingdom Government and the other half by the Canadian Government.

The Newfoundland Government have agreed to the appointment o

2

commision consisting of two members Buminated by the United Kingdom Government, one of whom will be appointed in consultation with the Canadian Government, and a third nominated by the New foundland Government.

cancelled all exchange rates and no figures were quoted.

According to a Pretoria message, the banks' throughout the country- and Post Offices, also, were unable to undertake the despatching of funds overseas.

The meeting passed a resolution calling all those interested in the prosperity of the country and all believers in peace by direct negotia. tion, to combine in one great na- tional movement with the object of ending the economic war and con- cluding trade agreements with Great Britain. They wish to ar range to settle the land annuities dispute and to ensure the mainten- ance of a trenty, subject to altern- tion only by, proper methods.

TALK ALONG A LIGHT BEAM

VOICE HEARD 24 MILES

AWAY

Scientists of Schenectady, New York, have talked over a light beam twenty-four miles long, states the New York Correspondens of the Morning" Post,

Interest, which was aroused in financial circles of London by the announcement of the suspension of convertibility of South African Re- serve Bank notes, continues; and events are being watched closely. Although no change was made in nominal rates of exchange between group of scientists at Lake Desola South Africa and London on Wedtion across the Lower Adirondack nasday, business was confined to Mountains. very small transactions.

with

another

to similar experiments conducted This achievement is the sequel in secret for the Admiralty during the War by the British scientist, Professor A. O. Rankine,

At the close of the Stock Ex- change last night, South African mining shares remained on the weak side, awaiting further news regarding the exchange position. the opinion of Professor Rankine, exoressed to a representa tive of the Morning Post, 'WHAT NEXT" AT the method

may lead to valuable means of secret com munication. He suggests that there is no reason why the same method should not be applied to infra-red or invisible light rays.

Y.M.C.A.

NAVAL MEN PUT ON

SPLENDID CONCERT

JAPAN LAUNCHES OFFENSIVE

12,000 PICKED TROOPS ON THE MOVE

"{THROUGH-REUTER'#-AGE

Tokyo, Dec. 30.

A MESSAGE from Harbin states that the Japanses offensive has begun. Twelve thousand pick ed Japanese troops are advancing eastward in an attempt to reach Pogranitchnäyn. Ten thousand Kirin troops are concentrated be tween Hailin and Pogranitchnaya.

SILVER MARKET.

LONDON PRICES

(From Our Ova-Correspondant.)

IN

LONDON, Dec. 30. CLOSING SILVER *PRICES LONDON TO-DAY WERE!~

Dec, 29. Dec, 30. 10 16.7/16 18,7/16 16

SPOT

FORWARD

FRENCH GOLD FOR AMERICA'

SEEKING NEW. FIELD OF GAIN

(THROUGH, BEUTER'S AGENCY.]

PARIS, Deo, 30. THE gold strain, after dowing for several years to France, has DOW set in an opposite direc tion. Yet in the opinion of quali-

JAPAN PREPARES TO SEIZE PEIPING

MORE WAR RUMOURS FROM MANCHURIA

fTANOUGH"REUTER'S"AGENCY":"

LONDON, Dec. 30.

SINO SOVIET RELATIONS

M. BOGMOLOFF NAMED

·SOVIET REPRESENTATIVE

·{THROUGH-REUTER'

"AGENCY":

NANKING, Dec. 30. THE Daily Herald diplomatic THE Chinese Government has agreed to the appointment of correspondent under a banner heading on the front page: Japan M. Bogmoloff, at present councellor Prepares to Seize Poiping, says at the Embassy in London, as that Japanese war lords are con- Soviet Ambassador to China. centrating theit, troops in South Manchuria for an invasion of Jehol, their ultimate purpose being to drive further south for the occupation of Peiping and the pro- olamation of all North China as an independent state with Mr. Pu Yi restored on the throne of the Mauchus as a "puppet" emperor.

The editorial ways, nor will China remain quiescent, this time, thero will be armed resistence by real war and no small share of the war- guilt will rest on the shoulders of the men whose complaisance en- couraged and stimulated the jingnes in Japan. Aii

GEN. HAN FU CHU GOES

BACK TO TSINAN.

(THROUGH BETTER'S AGENCY)

PRIPING, Dec. 30.

a

GENERAL Han Fu Chu, after

five days visit to Paiping to confer with Marshal Chang Hsueh Liang, left this afternoon for Tion tsin, en roùle to Tainan.

t

SINO-JAPANESE

DISPUTE

́ ́MR. QUO TAI CHI FEARS

REACTION IN CHINA

(THROGON · BEUTSK'S MENDY,]

LONDON, DOS. 30.

MR. Que Tai Chi returns to

Geneva next week.

When interviewed ha declared he would press for the immedinte adaption of the Lytton" findings, especially the time-limit" within which the Assembly would accept its recommendations, ・・

INDIA TAXES CERTAIN IMPORTS

BRITISH PREFERENCE NOW

IN FORCE

(THROUGH ARUTER'S

LONDON, Dec. 30. 1

FOLLOWING its passage by the Indian: Legislature of the Ottawa Agreement, the Treasury issued an order bringing those parts of the Ottawa Agreements "Act into operation which imple- ment the agreement on behalf of the United Kingdom,

The effect of this move is to im nose from January 1 duties upon various foreign importa, including husked "rice, linseed and various veganble oils, while articles plated in the free list include shellac, broken rice and Indian hemp.

JAPAN'S MAN CHURIAN POLICY

SEIYUKAI URGES TARIFF REVISION AND CUR- RENCY CHANGE

He emphasised the dispute was no longer purely. Sino-Japanese but a world issue involving the

Tokyo, December 21.--At a joint" very existence of the postwar meeting of the lenders and the peace system. He feared reaction officers of the political inquiry com by 400 million Chinese if the system mittee of the Saiyukai, the party's broke down, possibly involving a policy in the new session of the new orientation of Chinese policy.

Diet was determined,

SUR In reference to emergency relief measures, the party- exprbused dis satisfaction with the relief mea suits introduced by the Govern ment in the last session of the Diet and with the manner of operating them. The party particularly feels the necessity of reform in the methods employed for capitalising, immovable property for advancing funds to small merchants and indua- trialists for the deferment of the redemption of loan oving to special

CHRISTMAS CHEER IN NEW YORK

WEEK'S PROVISIONS TO NEEDY FAMILIES

New York, Dec. 25-No one was hungry in Greater New York to day so far as the charitable and political organisations could learn.

HELP FOR CENTRAL BANK OF MANCHUKUO

|[THAOUGH" REUTER'S AGENCY] :

TOKYO, Dec. 30 South Manchurian Railway counts with the Central Bank of teers of America, and Tammany of interest rates on such loans and Manchukuo, in order to place it on Hall together with dozens of other for the execution of public engineer- a firmer foundation. The S.M.II. organisations had previously ing works. Stress is also laid-on budget for the current year totals sought out the needy and provided the need of quickly stabilising the ¥170,000,000 compared For the three weeks ending Y113,000,000 for the Manchukuo.

with each family with provisions suf- exchange, promoting, the readjust- December 23, the total of 349,000,000 A recently appointed special com-

fotent 'for'n week.

ment of farmers debts, and effect francs worth of gold was exported mittee formulated a plan for Man city's normal commercial supplies

Trucks that usually delivered the ing the control of important indus-

fed observers. This is no cause for reported to be opening ac-The Savation Army, The Volun- monetary organs, for the lowering

alarm France is still brimful of gold.

The tide turned when on Decem- bar 12 the dollar exchange rose to gold point at 25.02 francs.

to the United States. A further

id:

large consignment was despatched churia, providing for an increase rumbed through the night deliver to New York yeserday, the bulk of in income tax, a capital levy, aning baskets to families of unem- which is from the Bank of France. imposition on inheritance, luxury ployed. ne

and gasoline taxes, as well as an increased tax on beer."

The method is described in Ame- The purpose of the commission

rica by the present experimenter, will be to examine into the future

Mr. John Bellamy Taylor, of Newfoundland and in parti

#narrowensting." The name is At the Europeau Y.M.C.A. laet derived from the fact that com cular, to report on the financial night, the men of, H.M.S. Medway munication is confined to a narrow situation and the prospects and and Fourth Submarine Flotilla beam of light in place of Incasures necessary to soure finan prosented a humorous sketch en-spreading associated with ordinary the cial stability with a view to deci-titled "What Next," in sions being reached, and appro scenes.

eight wireless communication. priate arrangements made, before

the debt interest due on July 7, vice men and others was in attend searchlight mounted on top of the

A fairly large audience of ser- 1933, matures.

ance, and rewarded with a most The Commission will be appoint- enjoyable programme. ed as soon as possible.

INDEPENDENCE FOR PHILIPPINES

TEN-YEAR BILL GOES TO PRESIDENT

THROUGH REUTER'S AGENCY,7

Tel. Morgan (H.M.S. Medway) as "Beautiful." Ldg. Tel. Prior (H.M.S. Osiris) as the Rector, and Ldg. Tel. Cook (H.M.S. Phoenix)

In the present experiments a

General Eléctric building jor Schenectady projected a beam on of the Lake Desolation receiving to a 30-inch mirror which was part

apparatus.

To the Adirondacks party the

a Misa Thermogene gave splendid searchlight appeared like a distant interpretations of their respective twinkling star, Mr. Taylor's vicce character pieces. The

various ce across the beam somewhat dis- scenes were good, and although torted, bug was frequently beard the sketch was very light entertain-

clearly. ment, it was very laughable and enjoyable.

The longest distance over which communication had previously bean established in this way in America

The antics of the "Pallet" in the opening scenes caused loud was in the spring of this year, burste of laughter, while the inter- when the Schenectady laboratory spersion of popular songs and talked with the naval dirigible Los jokes helped, the show along con-Angeles two miles away. siderably.

WABHIKOTON, Dec. 29. THE House of Representatives has passed the Senate Bill granting 'independence to the Philippine Is

What Next". was produced. lands in ten years.

under the direction of Lt. Comdr. The Bill now go to the PresiL. C. Lawrence, R.N., and by kind dent as both Houses are agreed permission of Capt. H. R. Mar- upop it

ruck, D.S.C, RN. The produo tion was by Sig. C. J. Coney, H.M.S. Otus. scenery by Tel. MoCano, H.M.S. Medway. and dances by Tel. F. Morgan, H.M.S.

RESTRICTION OF SUGAR PRODUCTION

CEADBOURNE QUOTA SCHEME ATTACKED

(THROUGH REUTER'S AGENCY]

HAVANA, Dec. - 30. THE newly formed Sugac Growers

Association has issued a mani.] festo demanding the cancellation of | artificial restrictions of the sugar crop, particularly attacking the fo Cendbourne quota scheme.

RICE EXPORTS

· DECIDED FALLING OFF: REPORTED

BUYERS NOW TURN PRODUCERS

Wartime Teste.

1s 1917, however, Professor Ranking was able to talk over a distance of between two and three miles, and when the ban of secrecy was lifted after the War his results wore published by the Physical Society of London.

:

The awing of the gold point pen dulum, however, nut responsible for anything like all the gold · ex-·

the movement of capital seeking a ported. A-large amount represents

Дew fleld of gain.

IN HONG KONG TO-DAY

FAIR

YESTERDAY'S WEATHKE REPORT, PORECAST AND REMARKS, ISSUED BY THE ROYAL OBSERVATORY. AT 5.40 F.M., STATED ¦ ----

ANTI-CYCLONES REMAIN ÖVER N. CHINA AND TO THE NORTH · OF HOKKAIDO. THE DEPRESSION, BE- TWEEN SOUTH. JAPAN AND THE BONINS 18-MOVING SLOWLY EAST; WARD. FRESH MONSOON, WILL CONTINUE ALONG. THE COAST OP: CHINA, AND OVER THE CHINÁ SELL LOCAL FORECAST: N.E. WINDE, FRESH; PAIR...

PORT OF LONDON PLANS

CANTON NOTES

tries

Manchuria and Mongolia, Regarding Manchuria and Mon- Reports reaching New York in- golis, it is mentioned that the key- dicated that similar programmes note of Japan's policy towards were carried out everywhere. Manchukuo must be to make Man- There was the usual number of churia and Mongolis a este place gifts to charitable, religious and for 30,000,000 people to live in and educational institutions, although to ensure the right of existence for the amounts were necessarily re- the Japanese people through the ex- The Canton papers report that duced by the depression.ploitation of the resources of Min during an interview with local The largest recorded gift was churia and Mongolia, For the a

tainment of this object, the Seiyu- Press representatives, Mr. Tang that of John D. Rockefeller, Jr., Kwong, member of the Canton who gave 8350,000 to the Northern ka insists that Japan's policy Power Commission, stated that Baptist Convention which has should be framed along the follow-

ing lines delegates from the Provincial headquarters in New York. and Municipal Governments, City John D. Rockefeller, Sr., who is -For the control of the re Chamber of Commerce, and Depending the winter at Ormond Bourors of Manchuria and Mongolin partment of Reconstruction have Beach, Fla. invited 100 persons to with a view to advancing Japanese

the dinner for Tuesday night.

industry and, making the livelihood been appointed to serve on

At Hyde Park NY, President of the Japanese people casier (1) Canton Power Company Assessor. Board.

elect Franklin D. Roosevelt who in the Japanese tariff systera should Mr. Tang said that share-holdere error was reported as going South be revised, (2) existing Japanese of the Canton Power Company on a fishing trip, played Santa have not elected a representative Claus to a family gathering. to serve on the Board. The paid President Hoover stopped fishing up capital of the Company is long enough at Sapelo. Island Ga., 83,000,000, excluding 2,000,000 in to have wild turkey dinner with s shares subcribed for the consum cousin Mr. Howard N. Coffin,

The municipal authorities! have urged the share-holders to ex pedite the election of their repre- Bentative so as to enable the As ressor Board to evaluate, the assets of the Company to redeem the public shares.

Ore.

CHRISTMAS BAPTISMS IN

industries be rationalised, and (3)

a currency system, common to Japan:

and Manchukuo' be established.

Question of Immigration. 2-For the development of the resources of Manchuria and Mon- golia (1), mends of transport and communication in that territory should be extended and put under proper control,(2) @thecurrency kystem and monetary organs be per- SINCERE CO. HEAD NOW A fected, and (3) the question of emigration to Manchuria, and Mon- golis be settled AS

SHANGHAI

CHRISTIAN.

The Canton Municipal Fair Com- mission is moving ita office. to.

Shanghai, Dec. 7-What is be--For the restoration of peaco Chung Shan Memorial Hall on lieved to be a record number of in Manchurin and Mengelis (1) January

prop

the Rev. Tae Yan Lock, the pastor, a dozen fufanta wazo, christeled by land- and two young ladies were confirm

Manchuria

Medway, The Stage Manager was

I am not at all surprised ab P.O. Waterer, H.M.S. Medway, the present improvement, Profes

The Hunan Provincial Govern baptisms in a single day in say the responsibility of Japan for the ment has been requested by the local Chinese church took place in maintenance of peace in that terrie tory" should be fulfilled, (2) thơ while ER.A. Bray, H.M.8. Med-sor Rankine commented. "which

Fair. Commission to exhibit its the Cantonese Union Church in

Various organs sand, undertakings way, assisted at the piano..

North Brechten Road Extension on would be sufficiently accounted for RIVEBY TO SOUTHAMPTON | steam car at the Fair. by, the improvement in amplifica

Armaments used by the 13th Sunday morning at the Christmas of Japan designed to promote tion and in the photo electric cells

service.com beskyttes peace and order in Manchuria Route Army in the Sino-Japanese year from Hong Kong to Peru. which would be used at the receiv

warfare in Shanghai will No fewer than 12 adults, includ. Morg

ing Mr. Wong Chée, managing t The following figures of exports to ing ation.

displayed

director of The Bincers Co and Peru in the past may seem illu"In my experiments the vibra minating

tion of speech was impartal to 1920-August Shipment-3121 the light beam through two grice

tons at 19/3d per cwt.

When the transmitting mirror. was 1927-September Shipment343 etationary the two grids were in

tons at 17/ed per cwt.

alignment and part of the beam of 1828-August Shipment - 1309 light passed through them, 1f how. tons at. Is/ed per cwt.ever, vibrations from the microp. -1920-August-*· Shipment — 1004, hone,” werus, allowed to move 150

tons ht 18/5d per ewt 1930-Keptember Shipment tons at 10/- per enti 1831-June Shipment-00 tons at pletely out off

4:30/-" pérowt

HANKOW TO BE LINKED

WITH CANTON?

Visitors to England may have the convenience shortly of landing in Port of London is making a bid to of relics of the Chinese Revolution the very heart of England. The The procedure for the collection. become the chief passenger port, a was adopted by the relice sub-com position long, held by Southamp mittee

my on No other port, not even Livar posl; is in a position to compete with Southampton, as the port of "call of the largest: Atlantic linors. London has now dast envious eyes at the tourist traffic, and intends

to get a big share next year.

Although London is primarily. *| The method was rejected by port concerned with the handling the Admiralty in favour of wire of the foods for 20,000,000 people. toms at.0/- per cwt.

le, on the ground, that the light them is at Tilbury a floating land "The Foruvian "coles" have de- beam would be obscured by the ing stage with accommodation an preciated considerably in valua re smoke of battle. There seems to modern assay in the world. lative to Sterling and American be no reason why the method should George V Dock alone dollars and this factor has finally put the lid in importations by that be applied to invisible infra- enough to take the whole of the

red raya,, and I cannot imagina Fold Southampton country,

that a photo-electric deli, cofildanot it

1932-November, Shipment

mirror through a amall distance, 918 the alignment was disturbed and

the light was partially or com

The following report on the year's business in rice is obtained from a reliable source one of the For the same reason, Japan with biggest handlers of rico exports in her depreciated "yene cannot buy the Colony UK MUL |^| rico. : The United States have not

It is somewhat of a force to try oven ordered Chinese Paklings" and review the rice trade during and "Geomius.

the past twelve months of the year. As far as can be seen there is

•Referatwhile-contiming contese of i absolutaly_no.

this coral have become producers sight for the new year. and there is a surplus of rice crop The recent

in almost every country the Ine prices-and-to pool

rice sales in the United

the last to drop the imwill have a disastzou,

rim and Phora was millora at Siam and French. Indo

ng exported that China, and indirectly.

on nerf colinna pool file business in this Colo

be developed which was sufficiently sensitive to them..

*There would then be available

a unidirectional and secret méthod of communication with no theore tical limit but the

And

1917.

sture of the

155 Likely, Komit.

has been

EURASIA CORPORATION'S

-NEW SCHÈME

The church was beautifully de- corated for the occasion and a very. impresive service was followed and leaders of the church stated that the fact that s0-1 baptised ch one encouraging und was emphasised that adulte who were baptised verted as a resul

revival meetings recently adducted e 19th by the Bav Wong Kwan Holt vio

With the successful completion of the first trial flight inst, between Tihwa; on the orn border of lead to the

airmail service

Eiropa

|and China the Nationa

me* to

came to

2ND TEST MATCH IN AUSTRALIA