1933-06-19 — Page 9

WORLD ECONOMIC

CONFERENCE

OPENING CEREMONY DESCRIBED

IMPRESSIVE SCENES AT ROYAL

GEOGRAPHICAL MUSEUM

AMERICAN DELEGATES REPUDIATE TARIFF CUT PROPOSAL

(THROUGH REUTER'S AGENCY)

HONG KONG DAILY PRESS, MONDAY, JUNE 19, 1933

ROYAL AIR FORCE DISPLAY

DIESEL ENGINED 'PLANES TO TAKE PART

(BRITISH WIRELESS SERVICE.]

THE CHAHAR SITUATION

FIRST STEP TOWARDS ITS LIQUIDATION

(TABOUOH RECTAR'8 AQENOY,}

PEIPING, June 18.

WHAT is regarded as the first

BOYCOTT OF INDIAN

RAW COTTON

BOMBAY BROKERS PLAN RETALIATION

step towards the liquidation AS

[REUTER'S AMERICAN SERVICE.)

the

RUGBY, June 17.

BOMBAY, June 17. AMONG THE machines in the

retaliation against Royal Aft Force display to be

Japanese boycott of Indian raw held on June 24, will be two stan of the Chabar situation was taken cotton, it is understood that an dard types of military aircraft this morning when the Political influential section of the Bombay fitted with engines consuming Council issued a mandate instruct Brokers' Association is considering heavy oil which is less inflammable, ing Sung Cheh Yuan to resume the cheaper and less bulky than betrol. Chabar chairmanship. Simultane. It's advocates believe that the intreously the Military Council ordered duction of Diesel engines will Sung's 20th Army to return

Chahar for garrison duty. mark a revolution in aviation.

to

a boycott of Japanese members.

The Association's President has appealed to British spinners to ninke larger use of Indian raw cotton.

The move is the answer to the ac tion of the Japanese cotton traders who on June 10 decided to support

"Too often, to-day, the efforts of national governments are oppost one to the other," M. Unladier said. It is necessary, on the contrary, order to to harmonise them diate the suggested ten per cent. I avoid an economic war which would to pass the. Air Ministry type test forestry and colonization will be the Japanese spinners in the boy-

and, like armed warfare, by im- perilling civilisation, itself.

Loudon, June 18. The American delegation repu tariff reduction cabled on Saturday, which they declare emanated from "American tariff experts as a sug gestion and probably won't be included in the official programme.

** NO MILITARY OR NAVAL

UNIFORM

Hitod Rush for Profis.

One of the machines is fitted with Rolls Royce water-cooled engine, and is the first Diesel nere engine involving 50 hours full-throttle running.

The other machine has an air cooled British Phoenix engine, the most powerful of its kind in the world. Although weighing only sso pounds complete, it produpes 380 horse-power.

The Wapitte machine in which this engine is fitted, has climbed to over 10,000 feet and the engine has been run for over 180 hours.

Another prominent exhibit in the display, which, as usual, will afford a striking demonstration of the progress of aviation research, is Short six-engined flying boat weigh aircraft in the world.

During and after the World War, humanity, gripped by the ferer of massive production without thought of the real facilities for consumption, rushed blindly after profite until the day when gigantic LONDON, June 12. inflation pyramids, erected without It was characteristic of the spirit any worry about realities, came pervading the World

Economie tumbling down," the French spokes Conference that not a single mili-man continued. tary or naval uniform was worn by "Ours is the problem of deter- any of the delegates when the Kingmining how we are to build anewing 33 tons, the largest military performed the opening ceremony on these ruins," M. Daladier said. this afternoon,

"We feel that we must end the Impressed by the gravity of the currency war, that we must end the occasion everyone wore strict morninstability of currencies and give ing dress, the only exceptions being commercial exchanges their indis one Indian who was wearing a persable guarantees of monetary white turban and an Arab from security. The maintenance of the the Saudi Arad Legation, who was gold standard is indispensable. dressed in flowing white robes with a gold-encircled honddress.

The buzz of conversation in the building the Royal Geographical, Museum, South Kensington-qud denly gave way to profound silence when the approach of the King was signalled.

low, can the circulation of goods be re-established if their value de penda upon luck or hazard? What would you say of the architect or builder who used an elastic foot- rule t

#

JAPAN'S REACTION

The world's fastest military air craft, will be seen in the modified Hawker Fury, aeroplanes, capable of over 260 miles per hour.

DETAILS OF THE DISPLAY

HISTORIC MACHINES ON

VIEW

LONDON, May 26.

The Political Council, is at pre- sent sounding whether the proposed position of a national director of acceptable to Feng

ANTI-JAPANESE SOCIETY HEAD ASSASSINATED

{THROUGH REUTER'S AGENCY.}

PEITING, June 18. MR. Hou Wei Chow, prominent

cott against India. Cotton mills in China and Manchukuo joined in boycott which was instituted agai· the increased duty on Japanese ci ton goods in India.

H

JAPANESE GOVT. AND CONTROL OF TRÅDE

URGENCY STRESSED BY PRO- POSED INDIAN BOYCOTT

official of the North-eastern Anti-Japanese National Salvation Society was assassinated yesterday in the West City by unknown gun- men. The victim recently Was The spinners decision to boycott seceded from the Chinese Youth India,

now threatens Indo Party which is an Anti-Kuomintang Japanese trade. It is feared Society.

that unless something is done im- mediately, this trade will come to From IL complete stoppage. national point of view, therefore; it is pointed out that the time has come for the Japanese Government to conduct its projected control of trade

PEIPING PAPERS BOYCOTT POLITICAL COUNCIL

THROUGH REUTER'S AGENCY.]

В

Bome

AMERICA'S STRONG NOTE ΤΟ FRANCE

APPEAL FOR RECONSIDERATION OF

WAR DEBT IGNORED

SIMILAR NOTE SENT TO OTHER

DEFAULTERS

[THLOUGH REUTER'S AGENCY)

WASHINGTON, June 18. A firm note has been addressed to France, ignoring the latter's

appeal for a reconsideration of her war debt and reminding her.. that two instalments are now unpaid. Meanwhile, it is indicated Informally, though the French representations on the war debt question wll not be ignored, France must place herself on the same footing as other States, which at least made partial pay- ments, before her debt can be considered.

A similar note bas been adikessed to other defaulters includ- ing Belgium and Poland,

CZECHOSLOVAKIA PAYS

IN SILVER

THROUGH REUTER'S AGENCY]

+

WASHINGTON, June 18. Czecho-Slovakia's war debt token payment of G8180,000 has been re- ceived in New York in silver.

AMERICA'S LOAN TO CHINA

FOR CONSTRUCTĮVE AFFAIRS ONLY

(THROUGH EKUTER'S AGENCY)

With regard to the Chahar ques- tion, Mr. Sun Fo. said that the problem is nearing a settlement through amicable means.

TREASURY TENDERS

OVER-SUBSCRIBED

£47,000,000 ALLOTTED

ITAROVGA RETTER'S 'AGENCY.}

LONDON, June 17. YESTERDAY'S TENDERS for

£50,000,000" Treasury Bills were oversubscribed. The amount alloted was £47,000,000.

For three months' Bills, the aver age rate per cent, was 10-10.0d. with 7/0.801d. for the previous Friday,

A

WHEAT GROWERS

TAXED

U-S. PLAN TO REDUCÉ ACREAGE

[THROUGH REUTER'S AGENCY)

WASHINGTON, June 17, MAXIMUM processing tax on wheat amounting to about 30 cents is to be levied in the United States.

Mr. Wallace Secretary of Agri- culture, announced the tax yester day, and stated that it had been imposed in order to finance the pro As to the situation in the South-gramme for the reduction of wheat west. Mr. Sun Fe stated that the acreage and to provide benefits? question is very complicated and totalling G$150,000,000 which are difficult of solution, and its early to be paid to farmers during this settlement is very unlikely.

The Indian Government has been considering measures to oust not PRIPING, June 18. only cotton goods but also all other Two aeroplanes which hold THE Chinese newspapers here de. Japanese goods, it is claimed. Any

SHANGHAI, June 17. cided to boycott the Peiping Japanese boycott of Indian cotton It is important, secondly, to world's records, two which accom

Political Council owing to the may accentuate a wholesale increase MR SUN FO, President of the informed Legislative Yuan, Looking bronze and fit, His organise controlled agreements be plished the historic flights over Majesty entered the hall just before tween producers and to rationalice Everest and Kanchenjunga, and action it took in forbidding news of import duties on all Japanese three o'clock in a black morning their efforts so as to adapt produc- twelve new types of civil and mili-paper representatives to be pre- goods exported to India. It is evi- Reuter to-day that in accordance will be on sent at yesterday's inauguration dent that the British Government, with the understanding reached be coat, grey waisteont, striped trous tion to the world's real needs," the lary flying machines ers and dark tie. He had a white French statesman declared, conclud-view this year in the fourteenth ceremony. The papers this morn- which is eager to realise on Imperi- tween Mr. T. V. Soong and the ing with this plea for labour:- Royal Air Force Display will be ing printed nothing on the inaugural economic bloc, is pulling wires United States Authorities at Wash carnation in his buttonhole.

aerodrome on ration ceremony and the assump-behind the scone. It is, of course, ington, the new American wheat Mr. Ramsay MacDonald, British "We feel that this effort should held at Hendon

June 24.

tion of office of the members of the necessary for the Japanese Govern- and cotton loan could be used for Prime Minister and President of be completed by a large effort

Year by year the aeroplanes Council.

went to conduct diplomatic negotia constructive affairs in China and the Conference; M. Joseph Avenol, directed towards the organisation shown in the New Type Aircraft The newspaper

representatives tions with the Indian Government, a commission will be formed shortly who was appearing for the first of employment, notably the adop Park reveal much of the latest were compelled to stand outside but at the same time it should take to take charge of the disposal of time as Secretary-General of the tion of a forty-hour work week.”

British progress in the technique till the ceremony was over.

measures to control trade, the fund. League of Nations, Sir Erie Drum-

of design and construction. There The boycott will remain till suit-from a national point of view. mond, who has just retired from

the visitor to the Display can see able apologies have been offered. Japan import raw cotton, hides that post; and Sir Clive Wigram,

and leather, pig iron, rabber and machines which may become part Equerry to the King, followed.

f the standard equipment of the

oil cake from India. Her imports for the first four months this year Royal Air Force within the follow-

WANG CHING WEI IN

totalled Y:88,557,000, and as ing few years, together with new

SHANGHAI types of civil aircraft and aero-

Y.76,635,000 was raw cotton, the volume of trade for other articles is According to the daki, Govern-planes built for experimental use ment authorities deeply resent the and the furtherance of research ac- (THROUGH REUTER'S AGENCY.] very small. As regards the export attitude of the British Goverment tivities. And this year the aircraft

trade, her shipments during the in the matter of the freedom ol listed for inclusion in the Park will

SHANGHAI, Jure 18. period reached Y14,298,000, of which cotton cloth, international trade, and regards it demonstrate even clearly MR. Wang. Ching Wei, President T.24.300.000

casting a shadow over the World than in earlier Displays the lend M of the Executive Yuan, arrived Y.11,498.000 rayon goods Y,2,300,000 Economic Conference.

in aeronautical engineering held in Shanghai from Nanking to-day. knitted goods," Y.2,000,000 glass

Y.2,200,000 As usual, his arrival has aroused goods, The series of measures taken by the British industry.

The record breaking planes considerable speculation with re- Y.1.400,000 iron goods and Y.1,100,- the British Government against

000 brass goods. The export trade Japanese trade interests the abre and with them may worthily be gation of the Indo-Japanese Com anked the craft which for the first

this covers a wide range of articles. time flew over the world's highest

With the exception of cotton goods, mercials Treaty, imposition of pro- mountains-will constitute a proud

these goods do not face much com hibitive duties on Japanese cotton

petition from British or foreign goods and abrogation of the Com group. There will be the biplane Government.

which lifted Mr. Cyril Uwins to

suppliers in India. so that the mercial Treaty in reference to

tariff increase will not mean a com- plete stoppage of trade, and yet ne one can deny its effect on future business.

The beautiful white and green" hal in which the ceremony took place was only a few days ago a heap of lime and rubbish," but navvies by working desperately had got it ready in time. It is to the credit of the Office-of-Works, the Government Department which had the job of preparing the hall under the direction of the League of Nations, that everything was ready in time and not a speck of dust was to be seen anywhere.

Interest in King's Speech.

tiren carpets, covered the floor and restfully tiled shades modified the June sunshine, which might otherwise, have been overpowering

DRITISH POLICY ATTACKED

British West Africa, and raising of the duties in Egypt (sic)-clear-

Tore

the amazing height of 43,976 feet above sea-level last September, "beautiful

as the opening of one of the greatly run counter to the spirit of the Nearby will be

1 BL

has ever assemble was favoured with delightful summer weather.

The interesting innovation of the King's short speech was that in the middle he broke into French, in which he was just as fluent as in English.

French and English are the two official languages of the conference and every speech made in one must he translated into the other. If anyone wants to speak in any other language he must. provide his own interpreter to one of the official ton

Kues,

has the recovery of the freedom of for discussion. trade for one of the major subjects

:

the

ference to the political situation, particularly in view of the recent rumour that. Mr. Wang has tender ed his resignation to the National

In an interview with Reuter, Mr. Wang declared, however, that he had come to Shanghai for medical treatment, but would return to Nanking in a day or two,

FOREIGN MINISTER RESUMING DUTIES TO-MORROW

(THROUGH REUTER'S AGENCY }

NANKING, June 18. R. Lo Wen Kan, Minister for Foreign Affairs, is expected to resume his duties on Monday when his two-week leave of absence due

Squadron in which Leader Gayford and Lieutenant Nicholetts flew 5,309 Flight

miles from Cranwell, Lincolnshire, to Walvis Bay, in South West Then the two Everest The tariff exclusionist policy of Africa.

British Government is the

not hiplanes, each of which carried its and observer, lond directed against Japan only, how

of pilot ever, for according to a telegram.camera, electrical heating gear, received by the Foreign Office, says oxygen breathing apparatus, many the dahi, It is believed that the special instruments and fuel for British Government has notified the four hours' dying, to heights of League of Nations of Britain's 33,000 feet. They have proved that withdrawal as from the 30th instant the loftiest mountain ranges are from the Treaty for the restriction not impassable by flying machines. of importe and exporte embargoe Two new aeroplanes stand out When the King's speech had been which was concluded in 1927 ho- among the others, the world's translated, Mr. MacDonald and M. tween Japan, Britain, America, fastest military aeroplane-a single Avenol escorted him from the hall Finland, Holland and Sweden, with seater fighter expected to exceed to eye trouble, expires. and then Mr. MacDonald made bisa view to mitigating obstacles to 200 miles an hour in level fight pening speech of welcome to the trade. This reported action of the with full load on board-and the delegates.

British Government signifier & de twin-engined high-speed mail car- rier designed to transport nearly sire to free Britain from the

a ton of mails at a maximum shackles of international engage- ments designed for the promotion speed of nearly 200 miles an nour over a distance of 1,250 miles non- of freedom in international trade. stop.. Of profound technical in- Its underlying motive is evidently terest will be the big military to strengthen its industrial protec tionist policy all along the line and biplane powered with the first corn- pression-ignition, or heavy oil, nero in a sense reflects the general at engine to pass the Air Ministry's titude of the British Government, to-

severe type test. The list will be wards the World Economic Con completed by several day-and-night fighting 'planes designed to meet. the requirement of England's de. 'fence against aerial attack, a irge three-engined"heavy transport craft, a number of new and ex- tremely efficient torpedoplanes, and a commercial monoplane which was produced to afford direct com- parison with a biplane of equival- ent power and carrying a similar load.

THE FRENCH PRIME MINISTER

WE MUST END THIS"

CURRENCY WAR"

The following is a fuller account of the speech of the French Premier on June 13, to which Reuter's cable made a brief Reference.

The stocky, swarthy French Pre- mier opened dramatically,

We must end the war of money,' he shouted, and from this begin- ning launched into a passionate plea to the nations to end currency instability, stressing that "the question before us is how to rebuild our wealth on these ruins We must end this currency war.".

ference.

PROPOSED SALE OF CER.

CHINA TO MAKE STRONG PROTESTS

(THROUGH REUTER'S AGENCY]

NANKING, June 19.

World's 'Greatest Display.

In all, more than two hundred aeroplanes will take part in the R.A.F.

Display Acknowledged everywhere to be the world's finest pageant of aviation,, the Display] has long been recognized as an out- standing event in the colourful

SILVER MARKET ·

(From Our Own Correspondent.)

London, June 17. FOLLOWING ARE THE BILVER QUOTATIONE ON THE LONDON

MARKET TO-DAY :

Spot

Forward

June 16 June 17

191 19.1/10 19.5/13 19

RICH AMERICAN KIDNAPPED

$100,000 RANSOM DEMANDED

Was

cotton yarn,

JAPAN'S COTTON MILLS

DAILY MAIL AND PIECE GOODS COMPETITION

*

LONDON, June 7. The Daily Mail gives prominence to an article by Mr. G. Ward Price who recently visited Japan, v Japanese cotton mills. He declares that, while Japanese competition is extremely formidable and Japanese manufactures have a lot in reserve, the idea that Japanese manufactur

SENIOR TOURIST TROPHY RACE

WON BY S. WOODS ON A NORTON

[BRITISH

WIRELESS SERVICE.]

year.

The wheat programme will coverį three years, pending the outcome of the Wheat Conference in Landon which is contemporary with the World Economic Conference.

It is understood that the per centage of reduction in wheat acres ago does not exceed 20 per cent."

It is unofficially reported that the processing tax will operate after August 1

THE AEROPLANE

MOVEMENT · ·

RUGBY, June 17, STANLEY WOODS, who on Mon. day won the Junior. Tourist Trophy motor-cycle race in the Isle TWO MORE GIVEN BY HONAN of Man, yesterday, won the Senior

PROVINCE race for machines of 500 c.c. maxi- mum engine capacity.

Woods

won

the 9am 3 double

NANKING, June 12, honours last year. His machine The Government and people of was a Norton.

Honan province are donating two! Twenty-nine riders competed in more airplanes to the Central Gov- the race over the mountain-course,ernment. Three planes were given a total distance of 280 miles. For to the Government by the Honanese last year, these being purchased Woods led throughout and finish with funds publicly subscribed." eiga competitors were outclassed.

lected since for the purchase of two ed in 3 hours 15 minutes 35 seconds, More contributions have been col

J. H. Simpson, on a Norton was additional 'planes. averaging 81.04 miles per hour. second, averaging 50.01 m.p.h., sad Percy Hunt, ez a Norton, was

It is understood that the new planes have already been bought at a price of about 890,000 each. ers are producing at a loss, receiv. third at 79.49 m.p.h.

The lap record was broken three They will be delivered this month ing subsidies or employing sweated times during the race, and is now and will first be exbibited in Honan and discontented labour is a com- held by Woods, at 82.7 miles an before being formally presented to plete illusion.

bour,

the Government, Kuo, Min.

He quotes the opinion, of the rotton

magnate, Mr. Risaburo Toyada that, firstly, Lancashire mills are over capitalised secondly, that British labour regulations are oppressive and, thirdly, that Bri- tiah textile machinery is largely out of date.

LONG TERM LOANS DISCOURAGED

MR. CHAMBERLAIN'S APPEAL TO BRITISH FINANCIERS

[DRITIKE WIRELESS BEXVICE.]

Reasy, June 17. Dodging the war debts question

THE Chancellor of the Exchequer, meticulously, M. Daladier continu-

Mr. Neville Chamberlain, in a ously emphasised the need for cur

(TREOUGH BLUTKE'S AUKNOY]

letter to the Secretary of the Lon- rency stabilisation before any tariff

don Stock Exchange and to leading roductions become possible. The IN connection with the Japanese

ST. PAUL, MINNESOTA, banky and financial houses, states French Premier stated that France Soviet negotiations for the sale London season. This year the or

June 17, that Britain is not, in his judgment- feels that the re-establishment of of the C.ER. which is opening atanizers, aided by the coming into

WILLIAM HAMM, a ment, at present in a position to free gold movements is most indis- Tokyo on June 25, the Central service of aircraft yet faster and MR.

wealthy brewer, was kidnap-invest. large sums at long term in pensable, which observers interpret News Agency states the Chinese more impressive than their in-

foreign countries, and he requests. ed as a demand that the dellar and Government will lodge strong pro mediate predecessors may con-ped here to-day

Hie captors are threatening those to whom his appeal is address the pound sterling must be stabilis tests with both. the Japanese and fidently be expected to devise a ed on a gold basis at the earliest Soviet Governments before the programme unmatched for sustain death to their victim unless ran-ed, to assist him in discouraging

om of GB100,000 is paid,

such transactions. ed interest and glamour. possible moment.

opening of the negotiations.

DRUGS

HIGH CLASS - DRUGS TOILET ARTICLES

PRICKLY HEAT POWDER PRICKLY HEAT LOTION

QUEEN'S DISPENSARY

22, Des Voeux Road, Centr

Phone