1933-06-20 — Page 9

HONG KONG DAILY PRESS, TUESDAY, JUNE 20, 1933:

DOLLAR-POUND

BANKS CONCERNED

IF GOVERNMENTS

RATE MAY BE

MAY

IMPLICATED

CANNOT - AGREE

STABILIZATION CONSIDERED

NECESSARY

For Success Of Economic Conference

French Proposals Discussed Yesterday

THROUGH REUTER'S AGENCY)

London, June 19, HOPE HAS NOT YET BEEN ABANDONED FOR STER LING-DOLLAR STABILIZATION, AN AGREEMENT MAY BE REACHED BEFORE THE WEEK-END THROUGH AN UN. DERSTANDING BETWEEN THE BANKS OF ENGLAND, FRANCE AND THE FEDERAL RESERVE BANK OF NEW YORK, INSTEAD OF AN INTER-GOVERNMENTAL AGREE MENT.

W

HELD IN CONFERENCE THE VIEW 19 STRONGLY "FINANCIAL CIRCLES THAT STABILIZATION IS ESSEN- THE ECONOMIC BOTE TIAL TO THE SUCCESS OF AND MONETARY COMMISSIONS WHICH MET THIS MORN. ING, THE FORMER DEBATING THE FRENCH PROPOSAL IN FAVOUR OF AN INTERNATIONAL ORGANIZATION FOR PRODUCTION AND MARKETING OF CERTAIN" PRO- DUCTS, INCLUDING WHEAT, WINE, TIMBER, COTTON, COAL, WOOL AND SILVER.

ON THE MR. QUO TAI CHI REPRESENTS CHINA ECONOMIC COMMISSION, WHILE DR. YEN IS ON THE MONETARY COMMISSION.

ን

DISCUSSED

THE

MONETARY COMMISSION THE CREDIT PROPOSALS RAISED BY EASTERN EUROPEAN

THE GREEKS SUGGESTING THE CREATION OF STATES. SPECIAL TRADE TREATIES BETWEEN CREDITOR AND DEBTOR "NATIONS IN ORDER TO FACILITATE DEBT SERVICES.

STRONGLY OPPOSED BY PRES, ROOSEVELT

LONDON, June 10. THE UNITED STATES adminis: tration, more concerned with its internal inflation programme, is not prepared to agree to cur rency stabilisation, and the report that a virtual agreement had been reaclied for the stabilisation of the dollar at the present approximate pound rate of 4.05 is officially" denied in Washington.

confidential advisor, is confident that the World Economic Confer- ence will not collapse over the cur rency deadlock..

Work on the major problēms may be seriously held up as a result of the stabilisation deadlock. The i French delegates are-most- disap. pointed at President Roosevelt's i non-acceptance of the stabilisation, proposals.

Wall Street is convinced that the United States dollar will not be pegged at the fixed rate mentioned last week.

"WILL AGREE AT THE PROPER TIME"

THROUGH REUTER'S AGENCY.]

WASHINGTON, June 19. Confronted with reports that the The remark of a French obser World Economic Conference ex- ver, that it is impossible to build pects currency accord within a a. permanent economic structure on week, the United States adminis the quicksand of unstable currency tration has expressed willinguess is regarded as implying that until

to agree at the "proper time." the stabilisation hurdle is cleared, President Roosevelt fears that the French feel that it is uselesstabilisation now might halt or re- to discuss any question such as tariffs, though it doubtless will tard the recent rise in prices, and he is anxious that his inflationary suggest that the Conference carry on other work to avoid any sem recovery programme should be per-

mitted to function before blance of a deadlock.

value of the dollar is fixed.

FIRM DECISION IN WASHINGTON

HELP TO MOTORISTS

H.K.A.A AND A NEW INNOVATION

KIRIN BANDITS FIGHT

MANY ARMED WITH RUSSIAN RIFLES

(THROUGH REUTER'S AGENCY).

HARBIN, June 13,

IS NOW established that the bandits in the Eastern section of Kirin Province have numerous Soviet rides, imprinted with the mark of the Ichevsky arms factory

and dated 1923. *

ANTI-BANDIT-DRIVES IN

KIRIN PROVINCE

(THROUGH REUTER'S AGENCY)

HAREIN, June 19.

PEGGED

TAKE ACTION LAST FIGHT FOR EXCITED BIDDING AT

NAZI ATTACK ON AUSTRIA

BRITAIN WATCHING

DEVELOPMENTS

(THROUGH REUTER'S AGENCY) SYMPATHETIC reference to the Austrian attempts to resist Nazi pretentions were made by Capt. Eden' in the House of Com mons. He said the Government were watching the efforts which Herr Dollfung was making to establish Austrian finances on a sound basis and maintain the authority and independence of the state, He regretted, the recent Austro-German incidents.

GOVERNOR GENERAL OF THE PHILIPPINES

Cordial Welcome at Manila

OFFICIAL preparations for laun. FAVOURABLE IMPRESSIONS

ching extensive anti-bandit drives in the Kirin Province are now almost completed.

JAPANESE Ċ.-IN-C. BACK-

- IN HSTEKING

THROUGH REUTER'S AGENCY)

HARBIN, June 18. MARSHALL Muto Commander- in-Chief of the Japanese forces in Manchuria, returned to Haieking this morning.

SILVER MARKET

(From Our Own Correspondent.)

LONDON," June 19. FollowING ARE THE BILVER

LONDON QUOTATIONS ON THE MARKET TO-DAY:

June 19 SPOT

15.3/16 FORWARD...... 194

June-17 19.1/16

134

RUSSIA WANTS TO BUY COTTON

AMTORG NEGOTIATING FOR CREDIT EXTENSION.

Washington, June

13. "The Amtorg Trading Corporation, Soviet Russia's business agency in the United States, is investigating the possibility of securing credit through the Reconstruction Finance corpora- tion for the purchase of American cotton, it developed to day,

R.F.O officials confirmed that negotiations had started but said no definite figure had been named during the discussion, Other sour ces however put the figure at 85,000,000.

was

Manila, June 36-Enthusiastic acclaim

accorded Governor- General Frank Murphy, eleventh Governor-General of the Philip- pines, upon his arrival in Manila yesterday morning aboard the 5.3. President Coolidge: A crowd' esti- mated at between 16,000 and 20,000

SINGAPORE POLICE OFFICER CHARGED

Sequel to Road Fatality

FELLOW OFFICER'S SERIOUS ALLEGATIONS

Singapore, June 14.-Inspector Charles B. Woods, of the Traffic Branch, Singapore, who is under a charge of causing the death of a Chinese hawker named Low Lang by a rash act while driving his

behalf.

THE COLOURS

Laing's Nek Action in 1881

MR. CHILDERS' ORDER When were British Regimental Colours last carried in action? asks the military correspondent of the London Morning Post.

|

CHRISTIE'S

PRICES ALMOST AT ** BOOM" LEVEL

MRS. H. OPPENHEIM'S COLLECTION

(Special Air-Mail Service}

** Dondon, May 28. During the past two days the Benes at Christie's have been most animated, and amateurs and pro- fessionals alike have atmosphere in the art market.

It has been generally understood to have been in the South African Ware between the years 1879-1881.

Up to Jast evening. more that As for the occasion, the gallant conduct of Lieutenants Melvill and, £10,700 was totalled by the tastefu) Coghill in saving the Queen's Colour collection of furniture and decyra- of the South Walea. Borderers, attive objects left by the late Mrs. War Henry Oppenheim. As this &p- Isandiwana, in the Zulu

penheim's original outlay in the (1879), has been recalled as being proximately represents Mrs. Our "A correspondent has, however, in days when prices were high, the re- formed me that in the war with sult is very heartoning. the Dutch. Boars in the Tranevaal

the last.

two

It was patent to every observer (January years later

28,that the company was on the st 1881), the Colours of the 58th Foot tack, and there were times when (now the 2nd Battalion Northamp- the auctioneer was pelted with into action at Laing'e Nek by saleroom. tonshire Regiment) were carried bids from every quarter of the big At the outset thirty decorative. in giltwood Lieutenants Hill and Baillie, who were both wounded, the latter mor- needle-work panels

Frames brought over £1,000, and, in' tally.

It is established officially that giving 430gs for a Queen Anne wal- early in 1981 the Northampton-nut settee with needlework cover. shires actually carried their Co Mr. Frank Patridge paid only a loure at Laing's Nek during the few guineas less than the cost price

in the "boom" days.

Indeed, it is known that two first Boer War, and that Licaton aut Alan Richard Hill (now Major Hill Walker), who carried one of Chippendale armchairs, in bring- the Colours, was awarded the V.C.ing 950gs (Permain) and 250gs for trying to save Lieutenant Bail lie, who carried the other Colour.

(Fraser),

exceeded the original outlay by 30 per cent.N French Dealers Outbid., Other very good prices were: A

motor-car in a manner dangerous to the safety of the public along Keppel Road on the night of June 3, was present at the Coroner's enquiry before Mr. F. G. Bourne.

Mr. R. E. Hope-Faulkner, A.B.P. led the evidence, while Mr. C. Withers Payne appeared on Woods' Modical evidence and the evidence of Inspector Farquaharson only were called, after which the enquiry was adjourned until tomorrow at 2 p.m. Another date, Monday, June 19, 2.15 p.m., was fixed for the finish of the enquiry.

Dr. C. A. Stanley, medical officer at the General Hospital, said on the night of June 3 when he was

Questions in Parliament," After the Isandiwana incident, called to see Inspector Woods who was said to have met with a motor accident and wanted to be medically Mr. Childers, then Secretary for pair of Chippendale mahogany War, was asked in the House, of commodes less than a yard wide, examined as to his frame of mind.

"He walked along a straight line Commons if it was considered ap- 510gs (Jurgens), and one of serpen

40in. wide, 240gs propriate to discontinue "the anti- tine form, without difficulty," Dr. Stanley cop-quated institution of Colours of (Gooden and Fox). For a set of tinued. His speech was quite a Regiment, and thus place Regi four George 1. mahogany · arm- extended a noisy welcome to the in-normal, and he spoke about normalmente clothed in red on a similar chairs Mr. Frank Partridge paid coming chief executive and members subjects. I made him write down footing with those clothed in 250gs. some particulars on a piece of paper, green. and he did so quite steadily. The Rife regiments were clothed in evr, did not share the high spirits. of his party.

green. They do not carry Colours of the English buyers, and put up writing was legible.

a weak fight for the Louls" furuk At the New Laneta, before a

"He smelt rather strongly of at any time.

After the Northamptonshire inci- ture and decorative objects. Thus, crowd of 10,000, Governor-General alcohol; but I don't think one could

dent further questions were asked at 175gs, Mr. Edward Smith won, Murphy delivered a strong inaugural estimate the quantity he had drunk in Parliament, and as the follow against them, a pair of Louis address, pledging fiscal and per-

from that. My opinion is that ating statement quoted from "Han- Quinze ormolu mounted porcelain sonal integrity in the government the time when I saw him he was and will show, it was the Duke figures of monitors, and marble and devotion to the interest of the sober. I am, however, not prepared of Cambridge who put an end to statuette of Flora by the famou common people. The speech was

to give any opinion as to his con. the practice of carrying Colours in French sculptor, Clodion, fell to

Mr. Waters at 270gs. well received by the masses whichdition at the time of the accident, war

In a silver sale at Sotheby's a Mr. Childers, replying on July stood under the broiling sun listen which I was told-had occurred ing to it.

about one and a half hours pre-20, 1681, to a question on the sub pair of square salvers by Paul

ject, said:

Lamerie, 1731 with the arme of

those F vious to my examining him. Also

The Commander-in-Chief has Reynardson impaling cannot stato anything as to

sent to all General Officers and Knipe, brought £414 28. ed. at ability to drive a motor car at the Colonels commanding battalions in 2058. an oz. (Hendrix). time of the accident. I might add the United Kingdom a circular in- that he gave a clear account of the viting their opinion as to the ex- accident and a description of where pediency of retaining one or both he had been that evening."

Address Well Received,

At the first break of dawn two score or more launches, all decorat ed with palms flags and bunting, made their way, outside the Manila breakwater to wait for the s.s. Pre- sident Coolidge which was stil! several miles out at sea. At 7 o'clock Harbour Launch No. 2 carrying members of the welcome committee, left Admiral's Landing and made its way out to meet the liner which was bringing the new Governor-General of the Philip- pines.

Shortly after 7 o'clock a squadron of 24 airplanes from Nichols Field could be seen flying overhead" in battle formation toward the general direction of Corregidor. The planes escorted the President Coolidge to the Manila breakwater shortly after 8 o'clock.

The new Governor-General an-

nounced that he would work in close harmony with the Filipine mediate changes in his advisory leaders." He contemplates no im cabinet but intimated that he would depend on the leaders to help him select a cabinet line-up.

Interest in Philippine Islanda. Governor-General Murphy

The American Government cor- poration officials expressed willing. ness to receive some costerut vealed that from his boyhood he Pporal from the Russian agency, but has had a "natural interest in the gave no indication that the loan Philippine Islands This interest would be granted

Because of the situation involving I have been interested in the

has continually grown, he said. the possibility that the Roosevelt Philippine Islands, since boyhood. administration may grant diplo- matic recognition to the Moscow All through high school and college I was interested in the islands. regime, it was understood that the This interest was enlarged due to President and the State Depart- ment would have to be consulted my study of imperialism and the self-determination of various peo- before, anything could be done.

(THROUGH - RKÜTERʼB AGENCY.]

NEW YORK, June 18. The United States is firm against any currency arrangement, tem.

Now that the parking of motor. porary or permanent, which will again, give foreign countries an cars is no longer allowed on the econemic advantage in deflated City Hall square, the Hong Kong currencies, state Washington special Automobile Association has come to correspondents.

the aid of its members by making The currency stabilisation pro-arrangements for cars to be pack posal, which President Roosevelted, in double rowe, in Chater Road rejected, came

Senator from the Cricket Club to the entry Sprague, and apparently reflected into Murray Road. the views of the majority of the World Economic Conference dete- gates, except the Americans.

from

with

his

Mr. Hope Faulkner: What effect would an accident of this nature have on & sober man! Would it possibly make him appear drunken afterwards?

Witness: If the man is of the hysterical type he would be shaken and would not walk very straight. But certainly no smell of alcohol would be produced 1

Asked whether he could judge from the smell what Inspector Woods had drunk that night, wit ness said he could not. If Woods had had two beers only, that would irave given a much stronger smell than a greater quantity of gin, which, nevertheless, contained more alcohol.

Dr. Benjamin Chew, assistant M.O. at the General Hospital, gave evidence of examining the body of the deceased, who was brought into hospital at 1.15 a.m. on June 4. The man, Low Lang, was about 36 years old, and the history given was that he was pushing an ice cart along Keppel Road with two other knocked down from behind by the Chinese that night when he was. left front mudguard of a motor car and pushed along for a distance of 90 fcet.

There were many abrasions, the neck was fractured and dislocated, and the spinal cord severed. It was that which had caused the man' death.

-"

Amtorg was encouraged by the ples.

"While mayor of Detroit the action of the R.F.C. on June 5,

Before the Acoidant, ale which with the full approval of Filipino residents there used to

Mr. Hope Faulkner: Your honour, Roosevelt agreed to lend China come to me with their problems. $50,000,000 with which to purchase "So you see I have come in contact I will now call Inspector Farquhar ing Laspector/Woods condition American cotton and wheat. The with Filipinos before," Govern son, who will give evidence regard- The new Governor-General in cr about two hours before the ncci- negotiations were carried in with General Murphy said. representatives of the Nanking Gov- ernment. Protests were voiced at dinary conversation speaks in a dent

very low tone and gives one the Inspector F. Farquharson, attach Canton against the loan.

impression of a week, unaggressiveed police headquarters, then gave

contrary to the evidence that on the night in ques individual, quite fighting character which he showed tion. I was coming home at 8 o'clock as mayor of one of the largest that night (June 3), when I say. cities in America Young, with a Inspector Woods car parked at the strongly-knit frame, be presents side of the road there. Woods sturdy, rugged picture which typi self was lying, sleep in the rear fies the young Americs of to-day.

seat of it. Just then my "boy" came running and said that Inspec tor Woods had fallen out of his car.

To assist its Members chauffeur driven cars, the Hong mo-Kong Automobile Association, with It concerned, primarily, thods of controlling fluctuations the kind permission of the Hong while negotiations for permanent Kong Club, has erected a telephone, provincial governors by the chief attached to a pillar outsile the stabilisation were going on.

Diplomatic circles interpret the Chater Rond entrance of the Hong executive at Malacanan has been ar United States attitude as evidenca Kong Club Annexe. The A.A ranged. At this meeting the local of the incompatibility of President Scout on duty has instructions to executives will tell their problema Roosevelt's internal recovery pro.answer this telephone and in turn to the Governor-General,

Besides the school crisis and the pass on any orders to chauffeurs in gramme and the policy of interna. tional co-operation, set out by the the parking ground. & Notice plan to seek legislation which would United States Secretary of State, Brand will be hung under the give local governments greater puto Mr. William Cordell, Hull. telephone and in the event of the nomy in revenue matters the league Naw instructions sent to the A.A. Scout being unable to locate will take up the question of irriga United States delegation, which is chauffeur he will write on the tion fees. Governor Santos explain headed by Mr. Hull, do not con-board the number of the carted that many landowners are in place it is required at and the tiine. tain any counter-proposal,

Professor Raymond Moley, As Members are requested to inform danger of losing their lands because sistant United States Secretary of their chanteurs of this facility and of delinquency in the payment of State, and President Roosevelt's note the number which is 25574 irrigation fees Manila Bulletin,

Plans for Inspection Trips. Governor Frank Murphy told the provincial governor, who called on him to pay their respects that be will make a tour of the Islands at the first opportunity. It is believed he will make the trip before the legislature opens next Juls.

An informal conference with (Continued on previous colun

Alleged Abusive Replies.

went out to see what had happened. I found Woods hanging over the front door of his car in the opposite side to the steering

Continued on next Cplumn)

of the Regimental Coloure and, should they be retained, as to the expediency of taking them with the Regiment on active service.

To. this circular, 83 answers have been received, and the Duke of Cambridge has decided up- on, and I have approved, a Gen- eral Order 'that Regimental Co- lours shall not in future be taken on active service.'"

His feet were on the

The French dealers present, how.

MATTERN STILL MISSING

SEARCH BY AMERICAN 'PLANES

› TOUGH REUTER'S AGENUT."

WASHINGTON, June 18. THE SEARCH for the 29-ylur-old

American flyer, Lieut. James J. Mattern, who disappeared after leaving Kharbarovak, Russia, on" an attempt to fly to Nome in Alaska, wheel. ground, but he was leaning into the on Wednesday evening, is atall con- car facing the bonnet. I approach.tinuing..

Aeroplanes and ships are an ed him and asked him what was the matter. He asked me, What xiously scanning the North Pacifo the-do you want here? I told him seaboard and the Aleutian Islands, distinct possibility of the flyer hay- I wanted to assist bim, but he said, and it is thought that there is a

get the out of here!'

"I went away, and an hour later ing landed in some remote spot. saw him drive off. He had started down the hill at a fast rate. As

he was going round bend his left fall, but he got past that dangerous front wheel nearly went over the place all right, and went on. That side of the hill which has a good is all I know of him that night." drop there. I thought he would At this stage the enquiry way ad-

(Continued on next Column)

journed.

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OVALTINE COLD