1933-06-17 — Page 1

MASON'S

DELICIOUS

O.K.

SAUCE.

Library,

Hongkong Daily Press.

Registered as a Newspaper at the General Post Office in the United Kingdom.

No. 23362. 號弍拾陸佰叁仟叁萬弍第伍廿月伍年酉癸 HONG KONG.

ESTABLISHED 1857

陸拜禮 日柒拾月陸年叁世佰玖仟登英 Price)

Temeral Manaver

DUNLOP

provides the en greatest possible

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HONG KONG, CANTON AND MACAO STEAMERS

"JOINT SERVICH OF THE HONG KONG, CANTON AND, MAÇAO STEAMBOAT Co., Ltd., and China NAVIGATION. CO., LTD.

HONG KONG-CANTON LINE. SAILINGS From HONG KONG-Daily at 8 am, and 10 p.m. (Sundays at 10 pm, only).

SAILINGS From CANTON Daily at 8 am, and 4.30 p.m.

(Sundays at 4.30 p.m. only).

HONG KONG MACAO LINE.

AMENDED SERVICE. BAILINGS From HONG KONG at 8 am, and 2 p.m. (Week days only},

BAILINGS From MACAO - al 8 s.m. and 3 p.

(Week days only).

CURTAILED SERVICE

19

SAILINGS From HONGKONG

JUNE 1933

at 2 p.m. and From MACAO at 9 a.m. only

EXCURSION TO MACAO

SUNDAY, 18TH JUNE, 1933 8.S.. "TAISHAN"

will leavó Hong Kong at 9 a.m. and Macao, at 4 p.m..

SPECIAL SALOON FARES.

WEEK DAYS. -Single: $3.00; Return: $5.00,

* EXCURSIONS.-Single: $2.50; Return: $4.00. NOTE.-All Steamboat Company's Steamers are fitted with Wireless,

THE

CYMA

BELT WATCH

IS A NECESSITY

TOR

SATURDAY, JUNE 17, 1933

ENGLAND PAYS UP!

>

Delivers Silver to United States at Bombay

LORD SNOWDEN ATTACKS PREMIER

FURTHER TALKS

MITISH WIRELESS SERVICE.]

RUGBY, June 15. Discussions with the object of farthering the plans for the ultimate settlement of the War debt question between the United Kingdom and the United States will be continued by Sir Ronald Lindsay, the British Ambassador in Washington, upon whom has mainly fallen the conduct of the negotiations which culminated in the Chancellor of the Exchequer's announcement last night.

I

20,000,000 OUNCES OF

SILVER FROM BRITAIN

[REUTER'S AMERICAN-ERVICE]

WASHINGTON June 15.. THE United States received a wor debt token payment of twenty million ounces of silver from Great Britain at Bombay to-day.

The British Government will-be responsible, however, for its safe. delivery to the United States.

The State Department has also disclosed that the Federal Assay Office in New York has received two million ounces of silver from In London political circles it is Italy on account of her part pay- considered that the final adjustment of war debt, the Italian Am ment largely depends upon the bassador having previously in- course of events during the World formed the State Department that Economic Conference and that not the Italian Government proposed for some weeks at least, and pos to pay one million dollars as sibly not until September, is it token instalment. likely that, a British war debt mis sion would proceed to Washington,

Any final settlement would, of If a quch mission crossed the Atlantic it would probably be course, need to be ratified both by headed by Mr. Neville Chamber- the United States Congress and (Continu sa vt foot of next Column) i the British Parliament.

Jain.

THE WASHINGTON STATEMENT

(Special Air-Mall Service)

B

"But what does grientation mean? It means moving towards the East,' and, the only explans tion that can of this phrase, that we need a new, orien tation of commercial policies, is that it is an obsure reference to the "necessity of dealing with Jep anese competition."

London, May 95. Speaking in the House of Lords, during a debate on the Economic Conference Viscount Snowden, ask ed for's statement of the Gover- ment's policy on the questions to bo discussed at the World Economic Conference. He confessed at once that he had no very great hopes of a statement in view of what had

Turning to the reference in the bern said in the House of Com-statement to excessive tariffe, quo- mons. Whether the reason for tas, and exchange restrictions, &c., that is that the Government have ho declared "Now etcetera is a un policy," he went on,,, "on whe- ther it is due to the constitutional inability of the Prime Minister to make a clear statement, I do not know.

Lord Snowden described Mr. MacDonald's reply to a question on this subject in the House of Com топа as "absolutely staggering." In that reply the Prime Minister referred the member who asked the question to a speech made by Mr. Runeian which he said "containe a full statement of the policy of the Government."

"I have referred to that speech," he added, and there is not from beginning to end a word about the Government's policy at the World Economic Conference.

"I would suggest to the Cabinet that they should took into the case of the Prime Minister, not only in his own interests but in the inter- csta of the country, for it is a -positive danger to the country that its affairs should be in the hands of a man who every time he speaks exposes his ignorance or his inespa- city,"

Washington Statement.

Lord Snowden then turned to Mr. MacDonald's recent visit to

very useful word. It is used when a person has exhausted his know- ledge and information, and it con. veys the impression or at any rate it is intended to convey the impres- sion that those who use know a great deal more if they would only

tell us.

"Here we have excessive tariffa, quotas, and exchange restriction, a fundamental and primary cause of world depression, and it is diamisa. ed in less space than the reference to the silver question."

Lord Snowden referred to the suggestion in the joint statement that the ultimate re-establishment of equilibrium in international ex- ́changes should also be contemplat-

ed.

**

1

That is something that the Government can do," said 'Lord Snowden. "This Government is good at contemplating. If they were equally good at action, then their prestige in the country to-day would sand very much higher than it does.

MAD DOG AT LARGE!

RESIDENTS OF VILLAGE ROAD HAD A SCARE LAST EVENING WHEN THE NEWS WAS PASSED AROUND THAT A MAD DOG WAS AT LARGE IN THAT DISTRICT. ONE RE- SIDENT MADE A REPORT TO. THE POLICE THAT THE DOG WAS SEEN BEHAVING IN A VERY QUEER MANNER, AND THAT IT WAS-FOAMING IN THE MOUTH.

A

.AN OFFICER ARMED WITH SHOT GUN SEARCHED THE DISTRICT UP TO A LATE HOUR"BUT FOUND NO TRACE OF THE ANIMAL.

ENQUIRIES MADE AT NO. 2, POLICE STATION ELICITED THE NEWS THAT NO REPORT HAD BEEN RE- CEIVED ABOUT ANY PER- SON BEING ATTACKED BY A DOG...

GERMANY AND HER CREDITORS

AGREEMENT EXPECTED

SHORTLY

(THROUGH REUTER'S AGENCY.}

LONDON, June 15. "NEGOTIATIONS between Ger many and her "atandstill " creditors, it is, learned in well in- formed German quarters, are ex- pected to lead to an agreement to- day.

Certain concessions regarding in- terest rates are said to have been accorded the German debtors. The Average rate, commission included, would be reduced from about 4 per cent. to 41 per cent, and the creditors would also TemOunce, provisionally, their right to repay- ment of the principal due" under

agreement. the "Standstill

IN HONG KONG TO-DAY

SHOWERY.

YESTERDAY'S WEATHER REPORT, FORECAST AND REMARKS, 18SUED BY THE ROYAL OBSERVATORY CAT 5 P.M., STATED:

DEPRESSION

REMAINS OVER

SOUTH MANCHURIA ANTI S.W." CHINA.

LOCAL FORECAST:S. WINDS, MODERATE FAIR TO SHOWERY.

DIARY OF LOCAL

EVENTS

TO-DAY

(June 17).

(V. Moon, 28th Day) Bunker Hill Day (Mass, U.S.A.)

-632°

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Gala,

Dinner in Honour of South China Association Football Athletic Teams,, China Building, 7.30 p.m.

"I am "quite sure that the pre-St. Alban, Laent Government can be trusted to Season's "Last-night"

carry out this recommendation of Peninsula Hotel. the President and the Prime Minis- ter. They will go on contemplat Washington, and the joint state ing, hoping that perhaps they may ments issued on his behalf and on reach the ultimate stage some time, behalf of the President of the Unit-contemplating, the chaos of the in- ed States.

"He might just as well have sav ed this country the expense," he declared, "for the joint statement) is nothing oxuept a repetition of the platitudes which we have heard scores of times in connection with the forthcoming Conference."

ternational exchange."

A Reference to Silver.

Then there was a reference to. silver. He was very sorry that the Prime Minister had allowed him. self to be drawn into the silver ques tion and had been given some coun-. tenance to this very selfish financial agitation.

The statement about commodity prices revealed the 'ignorance of those who made it as regards the He thought they might sum up nature of the problem which they this joint statement in the words, were supposed to be discussing at "You may search all day and not the conference.

find it, and if you do find it, it is The statement, said. Lord Snow-not worth the search.". 2 den, went on to state that commer What was to be the policy of the cial policies needed a new orienta Government at the Economic Con tion..

ference" "We have had state

I know who drifted that sea-ments which seem to indicate that. tence," he declared. "The British the policy of the Government will

THE SPORTSMAN AND THE BUSINESSMAN Erime Minister drafted that. The bo without any definite expression,

DURING SUMMER DAYS.

British Prime Minister, as a mat- We have had references to the pro ter of fact, is very fond of high-nosed economic truce which was squnding words, and I am quite first suggested by the Experts Com sure that he was very well pleased mittec five or six months ago, and

with bunself when he got that it was also suggested by the Presi- sonorous word 'orientation into dent of the United States. this statement.

(Continued oh Page 4)

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