1933-06-10 — Page 9

THE DISARMAMENT TANGLE

FRENCH DEMAND FOR SECURITY

THROUGH RECTERÍS AGENCY]

PARIS, June 8. FTER long discussions between M. Daladier, Mr. Norman Davis (America) and Captain Anthony Eden and Lord London. derry (Britain), it is believed that a considerable advance towards a common disarmament. policy has

been achieved.

It is understood that the Three Power Conference has achieved its maia objective, namely, enabling Britain and America to ascertain how little security France requires in order to reduce her heavy land

armamente.

Friendly Exchange of Views. The American and British lole. gates, while not specifying the de- grees of control to which they are prepared to subscribe, now know France's "minimum requirements...

An official communique issued after the conference records that A friendly exchange of views took! place on the points reached in the labours of the Disarmament Con. ference and on what remains to-j be done to ensure its success.

THE FOUR-POWER

13

AGREEMENT

BRITISH PLEDGES NOT EXTENDED IN EUROPE

REUTER AND BRITISH WIRELESS.

LONDON, June 8. BRITAIN'S adherence to the

Four-Power Pact does not imply any extension of Britain's obligations in European affairs.

This is made clear in a despatch John Simon, to the British Ambas- from the Foreign Secretary, Sir ander in Rome, authorising the initialling of the Pact and com- menting upon the aim and purpose of the agreement of understanding

nil co-operation.

HONG KONG DAILY PRESS, SATURDAY, JUNE 10, 1933

U.S. TREASURY

LOAN

OVERSUBSCRIBED MORE THAN FIVE TIMES

(THROUGH REUTER'S AGENCY]

WASHINGTON, June s THE United States Treasury loan

issue in the form of Treasury

The subscriptions totalled over five thousand million dollars:

The issue consists of G$500,000, 000 at Treasury Five-Year Notes The text of the despatch, to-bearing interest at the rate of gether with the text of the Four-2 per cent, and G8400,000,000 of Power Pact, is included in a Nine-Months' Certificates bearing White Paper released for, publica- interest at the rate of 3 per cent. tion to night.

The despatch underlines the point made by Signor Mussolini yesterday that the Part is not an attempt of the four Powers to impose their will on ather-States or to establish a European Direc tory.

.

SIR R. LINDSAY

GERMANY DECLARES A MORATORIUM

DAWES AND YOUNG PLAN LOANS AFFECTED

w

THROUGH REUTER'S AORNCY.}

LONDON, June 8. GENERAL moratoriu has been declared on all credits

Reparations.

BERLIN, June 8, The transfer moratorium declar. TOed by the Reichsbank has now been implemented by the necessary Governmental decrea and into force as from July 1.

The Dawes and the Young Loans

MEET ROOSEVELT

comes

| will be suspended under the terms

of the transfer moratorium.

CHIANG KAI SHEK

PRESIDES

OVER ANTI-BANDIT. CONFERENCE

(THROUGH REUTER'S AGENOY]

NANKING, Juné 8.

A MESSAGE from Nanchang re

Allegations Against Feng Yu Hsiang

WANG CHING WEI OR

FENG YU HSIANG

** CHRISTIAN GENERAL" ONLY DOING HIS DUTY

(THROUGH REUTER'S AGENCY] #

ECHO OF SHANGHAI TRAGEDY

INQUEST INTO DEATH OF LESLIE BELL OPENS

(THROUGH BEUTER'S AGENCY)

SHANGHAI, June. §o port the opening of an Anti-

THE inquest into the circum- Notes and Certificates of Indebted-given to Germany before July, Bandit Conference there this mornIN the course of an interview last of Leslie Malcolm Bell who was

NANKING, June 2.

stances surrounding the death ness, totalling G000,000,000 WES 1831.

ing under the Chairmanship of night, Mr. Wang Chiug Wei, allegedly killed as the result of a more than five times over-sub- Dr. Schacht, the President of the Chiang Kai Shek. Over forty high President of the Executive Yuan,, blow which knocked him down out- the Secretary of the Treasury nouncement, to-day, declared that at the meeting, and General Chiang determined to adopt the policy of nesday, May 31, scribed, stated Mr. W. H. Woodin, Reichsbank, who made the an military commanders were present declared that the Government was side the Shanghai Olub on Wed- Department to-day.

July, 1931, had been fixed because in his opening speech stressed that peace in dealing with all domestic afternoon.

opened this Germany's present financial posi-bandit suppression depended upon complications, tion was caused by the bank crisis political reforms in addition to

No evidence was taken and tho Questioned in connection with inquest was adjourned till July 10, of that date.

military campaigns.

the reported assumption by Gen. Transfers will be made as far as It is understood that the Con- Feng Yu Hsiang of the postpal Police who said that they have on the application of the Muniei- possible on credits granted to Ger- ference was not confined to the of Commander-in-Chiof of many after July, 1931.

military situation, but that it also People's

the not yet completed investigations. Anti-Japanese Allied It will be recalled that Gler discussed administrative and party Forces," President Wang pointed Hargrave, an affairs among the Kalgan labouring out" that although a military armis-marine, at present a Ford çar ex-United States class, the necessity of over-throw- tice had been concluded with the salesman, has" voluntarily surrèn- ing capitalista and improving the Japanese in regard to North China, dered to the United States District standard of living among the this was however workers.

no guarantee Attorney following the death of. that the Japanese would not here- Bell, after launch an invasion against The American authorities have Charhar or Suiyuan..

formally charged Hargrave with Moreover, in a recent telogram to murder, declaring he feloniously Mr. Huang Fu, (Chairman of the and wilfully struck Bell on the jaw Peiping Political Readjustment causing him to fall on the pave Committee), General Feng Yament, thereby causing his death.) Hsiang had asserted that his solo object in assuming that post was to facilitate the defence of Char- har against

possible Japanese aggression. Thus, General Feng would be doing only his natural PRIPING. June 8.

duty as a military man, it he Chinese authorities should lend the troops in Charhar profess they are not concerned to resist any Japanese invasjon with General Feng Ya Hsiang's into that province, President Wang

declared, movements, official Communiques

As for the recent circular telo. try their best to create the im pression t

General Feng is a

gran issued jointly by Generals radical and

Chiang Kwang Nai and Tsai Ting 'lied with Moscow.

Kai from Foochow, President Wang this evening Communique says that Feng Yu intimated that the Government had already telegraphed explanations Hsiang has commandeered all pri- rate ohicles in Kalgan for thin order to dissipate misunder transportation of ammunition from standing or misapprehensions.

In conclusion, President Wang rga. It is also alleged that Feng emphasized that the Government daily sends orators out to preach.

would adhere to (a) the policy of pence in dealing with the domestic situation and (b) the policy of resistance coupled with negotiation in regard to the Sino-Japanese situlition.

(TURODGE. REUTER'S AGENCY.] ·

It was never the intention to AND DISCUSS BRITISH WAR Attempt to establish a species of

DEBTS TO U.S. hegemony in European, affairs.

Not in Opposition to League Covenant, Official circles are of opinion The despatch states: Through- that the initialling of the Four out the negotiations, we have Power Pact will prove of consider-made it clear that the proposed able importance at the Disarma- agreement should, in no sense, bc ment Conference and shouki fari- regarded as a substitute for,.or a filate progress, as it has done a et in opposition to the Covenant good dent towards improving of the League, Franco-Italian relations.

Lordon Statement.

BRITISH WIRELESS BERVICE.]

Equal Rights.

Existing "standstill agreements" are not affected for the present, but it is understood that Dr. Schacht, at standstill negotiations in London next week, hopes to ob

WASHINGTON, June 8. PRESIDENT ROOSEVELT and

the British Ambassador, Sirtain some alleviation for Germany. Ronald Lindsay, are meeting at the White House this afternoon to dis- euss the debt question.

GENERAL ARBITRATION

TREATY

SEQUEL TO ISHII'S VISIT TO U.S.

Meaning of Decision.

The transfer moratorium does not mean the cessation of payments in marks of the principal and in terest, but merely the cessation of payments in foreign currencies.

muat

German private debtors pay into a special conversion fund set up by the Reichsbank, which promises convert marks into foreign currencies whenever the German supply of foreign curren-

ies warrants the step.

to

M.30,000,000 Profit.

-4

It is not a piece of rival of competing machinery, 'but is Tramed for the purpose of operat ing within the ambit of the Covenant and in fulfilment of its oject and of, the principles for ROGRY, June 5. which the League stands. The Throughout the day, conversa- methods and procedures which tions took place in Paris between may fall to be studied, or adopted (THROUGH REUTER'S AGENCY) the Frecch Premier, Foreign under the agreement are strictly in Minister and Naval Minister, accordance with the spirit of the Messrs. Daladier, Paul Boncour Covenant,"

TOKYO, June 0. and Leygues, the British Air

As a sequel to Count lahi's visit Minister, Lord Londonderry, and Sir John Simon also emphasises understood that a general arbitra- to President Roosevelt, it is

The re-discount credit of 840,- the Foreign Under Secretary Capt. that the proposed agreement was Anthony Eden and the United never intended

tion treaty would be signed be000,000 will be paid back now (in- tn involve any Staten Delegate. Representatives attempt. on

tween Japan and America, and stead of July when it falls due) the part of of the three Governments exchang- Powers, if not to impose their headway.

Four negotiations are making favourable in paper dollars, meaning a profit of thirty million marks to Germany ed views in a confidential and will on other States. at least to

at the present rate of the dollar." friendly spirit respecting the pre-establish themselves as a kind of

LATER. sent situation of the disarmament directory in Europe. Such a con-

Dr. Schacht announces that the conference..

Reichsbank has requested Gor- many's long-term creditors, as well 23 the Bank of International Settlements, to attend the meeting of standstill credite which is to be held in London on Tuesday next.

No Definite Decision Reached.

[THXOUGH REUTER'S AGENCY]

PARIS, June 9,- The Three-Power conversations here have not resulted in any de finite decision even on principle neeording to a semi-official state ment issued yesterday evening..

The

statement declares that France has given up the idea of obtaining any fresh guarantees of mutual assistance from ther Powers, but adheres to her desa regarding control of armaments.

She also asks for the publication of military budgets.

It is believed here that the idea of control is making bendway with the Americans, hnt that Britain is still opposed to the iden,

H.M.S. SANDPIPER

RE-ASSEMBLED IN KIANGNAN DOCKS (THROUGH REUTER'S AGENCY],

LONDON, June 9.

ception would be entirely foreign to the principle of the Covenant which recognises the equal rights of all States, just as in appro riate cases it requires their. unanimity.

SILVER MARKET

LONDON, June 9,

ARE THE SILVER LONDON

the

"I have been at pains to explain Government in this matter to the

attitude of His Majesty's (From Our Own Correspondent.) representatives of the other Powers and particularly to those of Belgium and Poland and the Little Entente. By the form which the proposed agreement has finally Assumed, I am confident that any such erroneous impression will he completely eradicated.

•

Interested Parties. "In this connection, I may refer graph of the preamble to the agree- in particular to the last para- ment, which specifically states that the four Purgers in conference are mindful of the rights of every State which cannot be affected without the consent of the interested party. "There can, therefore, be B possible doubt that the, object of the agreement is to ensure that over many years to come France, Germany, Italy and ourselves may ngree in Europe upon the same policy of peace.

General Approval.

of the

FOLLOWING QUOTATIONS ON MARKET TO-DAY:

THE

June 9. Spor

19.7/10 FORWARD. 191

June S. 197 10.5/16

HITCHIN BY- ELECTION

SIR ARNOLD WILSON RETURNED

THROUGH REUTER'S AGENCY.]

That is an object which mustTHE Hitchin by-election caused by the death of Viscount Kneb- be generally approved and it is H.M.S. SANDPIPER which was entirely consistent with the aim

worth resulted in Sir Arnold huil: in England and and the spirit of the Leaguar Wilson (Conservative) 14,569 being shipped in packing cases to Shang. Covenant and with much respect returned against Mr. William Ben- hai .... re-assembled in the for the rights of other Powers." nett (Labour) 10,362, Kiangnau Docks, Shanghai, and was launched this afternoon, Mra, agreement

Referring to article

Viscount Knebworth is the son of which makes Mauchan, wife of the docks mana mention of articles 10, 16 and 10 cently in an air crash.

special Lord Lytton.

He was killed re- ver performing the cereaiony.

of the League Covenant, Sir John Simon pointed out that the agree-

while ment,

contemplating quadrilateral examination in re- spect of the methods of procedure is expressly stated to he" without prejudice to the decisions which van only be taken by the regular organs of the League of Nations."

HOME CRICKET

GODDARD AND DACRE DO WELL (THROUGH REDTEE'S AGENCY.]

LONDON, June 8, THE Gloucester Glamorgan Cha

pionship game was featured by some good bowling by Frank. God. dard (12 for 00) and hurricane hitting by Barnett which gave Gloucestershire their third win in Dine. games when they beat Glamorgan--by aa innings де Portypridd,

D

MATTERN'S FLIGHT

SAFE ARRIVAL AT KRASNOVARSK

(THROUGH REUTER'S AGENCY.]

Moscow, June 9. EXTRATERRITORIAL JIMMIE MATTERN resumed his flight to Krasnovarak this morning.

Moscow, Later, Mattern has arrived in Kras

JURISDICTION -

: QUESTION RAISED BY

CHINESE AT GENEVA THROUGH REUTER'S AGENCY.]

GENEVA, June' u

presented to the International

Goddard, was responsible for A DRAFT resolution has been the dismissal of the Welsh county

for totals of 190 and 114, his Labour Conference by the two figures being for 48 and 6 for Chinese Government

delegates,

42. Goddard's best feat prior te urging the abolition of extraterri this was his o for 71 against Kent, torial jurisdiction and similar privi

Charlie Parker, the veteran slowleges in countries where they still howler, recorded his first bowling exist. triumph of the season by capturing

for 58 after bowling unchanged

with Goddard,

Barnett, who scored a magnifi- cent 140 against Kent, registered his second century of the season in big partnership with 0, 0, Dacre, the former New Zealand Test player.

The scores were:- Glamorgan 129 (Goddard 7 for 4) 114 (Goddard 6 for 42, Parker 5 for 58).

Gloucester 332 (Barnett 14, O. O, Dacre 4). #

BOXING

MAX SCHMELING BEATEN

megan sal

(THROUGH LEUTER'S AGENCY).

Naw Yonx, June 8. MAX BAER, the German-Ameri

can heavyweight boxer, to- night beat Max Schmeling, the ex champion, by a technical knock-out in the tenth round of a fifteen rounder,

varsk.

U.S. OPEN GÓLF ·

CHAMPIONSHIP

TOMMY ARMOUR LEADS THE FIELD

THROUGH REUTER'S AGENCY.],

GLENVILLE, ILL., June 8, PLAYING superb golf Tommy

Armour, the former British player, returned a record breaking card of 68 to fead the field in the fihet 18 holes of the American.

A stiff wind troubled the players who competed in a brailing sun at 90 degrees.

Gone Sarazen, the holder, ro- turned a 74 to tie for third place, while Walter Hagen was second with a 78.

Tommy Armour's amazing card (Continued at foot of next col.).

Hope for Concassions.

The reason that the transfer moratorium does not come into operation until July 1, according to political circles, is to give an opportunity for reconsideration of the transfer problem in London next week when Germany's crodi- tore meet and the World Economic Conference opens,

It is hoped that her creditors and the Conference will give Ger- many sufficient concessions to eliminate the necessity for the drastic measures laid down in the moratorium.

THE COTTON BOYCOTT

JAPANESE OFFICIAL'S

SAID TO BE ALLIED WITH||

MOSCOW

(THROUGH REUTER'S AGENCY.]

THOUGH

For exa

EUGENE CHEN EN ROUTE TO JAPAN

REPORTED TO BE ON SECRET MISSION

{THROUGH REUTER'S AGENCY]

RIGA, June 8. TILE Soviet Government, accord-

ing to reports, has received news that Mr. Eugene Chen, a member of the South-West Political Council recently appointed, has gone secretly to Japan from Shang- hai on an -important mission. aboard a Japanese steamer.

KIANGSU FACES BANKRUPCY

TREASURY AN EMPTY CHEST

CHINXIANG, June 2. THAT urgent measures must be

adopted by the Kiangsu Pr vincial Government to avert bank ruptcy has been intimated by Mfr. Shu Shih Fu, Provinci Commi sioner of Finance

"

EXPELLED FROM MEXICO

CHINESE BOUND FOR HONG KONG

(THROUGH RECTER'S AGENCY. }

SHANGHAI, June 1,

of Chinese THE sixth batch

nationals to be expelled from Mexico, comprising 148

men, women and children, arrived here this morning on board the Presi dent Coolidge, on which they are sailing to Hong Kong early to-mor row morning.

CHINESE MINING CONFERENCE

NANCHANG OFFICERS

PUNITIVE EXPEDITION, AGAINST CAPTIVES?

'ITHROUGH REUTER'S LORNOY]

MURDEN, June 9.

A PUNITIVE. expedition against

the bandits holding the Nan- chang officers has been decided upon. subject to the assurance of the British Consul-General that he would run the risk of danger te the captives' safety.

DAVIS CUP TENNIS

CZECHO-SLOVAKIA ELIMINATE GREECE

[TEROUGH BKUTER'S AGENCY.I

LONDON, June 8. GREAT Britain, leading Italy by two matches tonil, will probably meet Czecho-Slovakia in.. the

Semi-Final Round of the." European Zone of the Davis Cup.

Yesterday Greece was eliminatedi by a 30 margin and Perry and Austin recorded straight sets wine. over their Italian rivals.

PRAGUE, June 8. Czecho Slovakia entered the Semi-Final Mound of the Euro- pean Zone of the Davis Cup yes- terday when her doubles pair triumphed over 'thoir Greek rivale in no uncertain manner..

Scores as cabled by Reuter Menzel and Marsalek (Czecho Slovakia) beat Xydis and Nicolai-

DUMPING OF FOREIGN COAL des 6-1, 6-1, 6-1.

DISCUSSED.

NANKING, June 2.

A MINING conference, convened by the Ministry of Industry. opened here yesterday. Owing to the improverished state coming the delegates, dwelt on the Minister Chen Kung Po in wel. of the Provincial treasury, he says, object of

Hq

the conference.

it is impossible to enforce a badget alluded to the dumping of foreign which can

be balanced, and coal in the Chinese market and the

.

Siba

beat!

Earlier Results,

Nicolaides 6-3, 3-6, 6-2, 6-1, (Czecho-Slovakia)

Menzel (Ciecho Slovakia). beat Stalios 6-2, 6-4, D-7.

Straight Sets Win.

Jr

EASTBOURNE, June 8.

won their singles matches yester- day in straight sets.

Results as cabled by Reuter. Fred Perry (Britain) beat Mor- purgo 8, 7-5, 6-4.

Bunny Austin (Britain), beat Stefani 6-2, 7-5, 7-5.

STATEMENT

THROUGH REUTER'S AGENCY.]

TOKYO, June B.. 1. deficit of nearly 89 mil-lack of transportation facilities Great Britain his secured a com- WITH_Britain owning one fifth lion must be expected. This which contributed to the depression manding position over Italy in the

of the world, the action of state of affairs is ascribed

quarter finals of the European Britain and India shutting out the poor revenue returns during He reported on his negotiations Zone of the Davis Cup. Fred

to among Chinese, mining compenses. Japanese goods raises the question the last fiscal year (July 1931 to with the Peiping-Liaoning Railway Perry and Bunny" Austin both of life and death to Japan," de June 1932). Farra taxes for that Administration and northern bank clared a Foreign Office spokesman, period amounted to less than 60 ors in connection with his scheme who stated that the anti-Japanese per cent of the estimates while re- of relief. He urged the delegates tariff developments is now the most venue from the Business Tax

to limit their discussions to the serious problem confronting the yielded only half a million.

consideration of measures that are Japanese Government.

The provincial treasury is "an practicable under present circum- The big five cotton mills repre-empty chest" filled periodically stance in the country. sented on the Federation Commit with proceeds from loans in order Following the opening ceremony, tee have decided immediately to

to meet current expenditures of the the conference settled down carry out yesterday's decision to Government. The province faces a business and subsequently passed boycott Indias raw cotton, though serious plight, as every, available the proposal of the Ministry for it will be submitted to a plenary security has been pledged.

At Eastbourne in the Davis Cup the repair of old rolling-stock to session of the Federation on June

The only thing left to

the be used exclusively for coal trans matches, Perry and Hughes Great 13 for confirmation."

Government is a readjustment of portation. It is estimated that a Britain beat Bado. and Carolli, the farm and business taxes and sum of $8 million will be required Italy, in straight sets, the scores Regarding the latter, he emphasizes borrowed from banking circles eliminated by 3 matches to nil. the institution of special taxes. for repairs. This sum will be being 6-1, 6-4 and 0-7. Italy is thus that no additional burden will be through the Ministry and repaid imposed on the famers and other out of the proceeds dervied from producers. The new levies will the transportation of coal. have to come from the pockets of consumers.Kuo Min.

• Japanese cotton mills in China and Manchukuo are expected to join the boycott.

was as follows: First Nine-

!!

44-4 3. 3 4 5 3 434 Par

45 3 4 4 4 5 34-38 Second Nine-

4.4.4.3 4 5 3 3 4-34 Par 4 4 5 34 53 4 4-38 Walter Hagen, McCarthy, Neil White, Revolta Ciuci and Craig Wood tied for second place with

78.

WEAVERS PETITION REJECTED

NO EXEMPTION FROM" BUSINESS TAX.

Gene Saruzen, Mayo, Creavy, Laffoon, Joe Kirkwood and Willeor tied for third place with 74. ^

NANKING. June 2. Over a dozen players returned A PETITION of the Silk Weav cards of 75, among whom were Johnny Farrell, Goodman, Cricks hank, Olin Dutra, Horton Smith and Ruayan.

T. P. Perkins, the British en- trant, Don Morsland, Abe Espinosa and Bhute returned cards of 78.

Macdonald Smith returned a 77 and Leo Diegel and Cooper shot 76's. Billy Burke had end George Von Elm an 80.

ing and Cotton Spinning Guild of Soochow for exemption from the Business Tax has been rejected by. the Ministry of Finance. The peti- tion was submitted to the Ministry of Industry, which referred it to the Ministry of Finance.

Another" request, embodied in the petition for exemption from pay- ment of Customs coastal duties was similarly refused.-Kuo Min. p.

to

ITALY ELIMINATED

LONDON, June

At the next meeting of the Rotary" Besides delegates of numerous egal producers, those present in Chub to be held on Thursday, an cluded representatives from the address on Anticipation" will be Peiping-Liaching and Peiping delivered. The speaker's name will Hankow Railway Administrations: not be announced until members are: -Kuo Min.

Kreated for their lunch.

COUGH LINCTUS

HIGHLY RECOMMENDED FOR COUGHS, COLDS ASTHMA, BRONCHITIS AND ALSO VERY EFFECTIVE FOR THE PROTECTION OF THE CHEST AND THROAT, ETC.

Prepared Bolely

QUEEN'S DISPENSARY

CHEMISTS A DRUGGISTE