HONG KONG DAILY PRESS, SATURDAY, JULY 1, 1933
Dr. DOLFUSS VISITS HERR HUGENBERG POSER AT THE CONFERENCE
INNSBRUCK
Despite Nazi Warning
Of Trouble
A crowd
of
VIENNA, June 30.
15,000, wildly cheered the Austrian Chin cellor, Dr. Dalfus on his ar rival at Innsbruck, the Austrian Nazi stronghold, in defiance of warnings of trouble.
Special precautions were taken to prevent an attempt on his life. Railway passengers and motorists travelling to the city were careful- ly ferutinised by the police
Itenter,
LOAN TO AUSTRIA
Ruany, June 30. Asked in the House of Coinmons yesterday whether, in the recent conversations with the Austrian Chancellor, Dr. Dolfuss," the ques- tion of making or guaranteeing the "new loan was discussed, the Foreign Secretary, Sir John Simon, said that in the course of the conversa tions, reference, was ande to a joan provided for in the protocol et July, 1932, and the Australian Loan Guarantee Act, which it was hoped to issue at an early date in London and Paris and the other capitals concerned.--British Wire-
LANCASHIRE TRADE
|
RESIGNS
New Appointments Made
LONDON, June 30, PRESIDENT Hindenburg has ac-
cepted Herr Hugenberg's re- gignation and has appointed Herr Kurtschmitt Minister of Economies, and Herr Walter Darre as Minister
of Food. Hers Eugenberg's re- signation follows the banning of the Party of National Front.-Reuter.
THE DISARMAMENT
CONFERENCE
POSTPONED TILL OCTOBER 16
LONDON, June 29,
THE GENERAL commission of
TO ADJOURN OR NOT TO
ADJOURN?
Resolution Revised Nine Times
All Eyes On Britain And The United States
"
Silver Question Provides Another Deadlock
London, June 30.
To adjours or not to adjourn?" was the question in the minds of the delegates as they assembled this morn. ing. The lobbies were early astir with anxious groups awaiting the outcome of the fateful meeting of Europeani gold countries to discuss the draft resolution to he pre sented to Britain and the United States.
No Discussion!
Usually well informed source the Disarmament Conference states that the demand will be yesterday passed a motion adjournmade that unless Britain and the ing the Conference until October United States declare themselves 16. Germany alone opposed the against further speculative move.
LONDON, June 30. tien, although Hungary abstained ments of certain European curren-
It is understood that the United from voting.
cics within week from delivery of States Assistant Secretary of State, the resolution, Holland, Switzer-Professor Raymond Moley has con Innd and possibly ather gold coun- veyed to Mr. Ramsay MacDonald tries
will cease to interest a message to the effect that the themselves further in the Confer United States is not prepared to discuss stabilisation, but might be interested in an international change device which would prevent wide speculative fluctuations in currency without hindering Presi dent Roosevelt from exercising his inflationary powers.
Delegates of Britain, France and Italy promised their respective Governments' collaboration in the negotiations which the President of the Conference Mr. Arthur Hender- | ence,"
conduct in various The atmosphere remained un- sun, is to capitals during the adjournment. eased when the meeting rose an In the House of Commons yester-hour-and-a-half later at 11.4% 8.m. lay, the Foreign Secretary, Sir Dr. Colijn, when asked by Reuter John Simon, referring to this Con- whether an agreement had been ference, said it was the intention reached, with the Bank of England, of the British Government to faci would only say that we adjourn litate by all means in their powered until this afternoon and no final CO-OPERATION ADVISED BY the resolute prosecution of the work decision has been taken."
The meeting is resuming at 4 † remaining to be done.
He hoped that, as proposed by p.m. when Mr. Neville Chamber the President of the Conference, the lai and Mr. Ramsay MacDonald conversations under his guidance will be present with representatives between the interested Powers would of the banks issue who did not at take place during the interval.tend the gold meetings. British Wireless Service.
WITH INDIA
MR. BALDWIN
LONDON, June 29,
LANCASHIRE and India should come together in friendly co. operation and try to make a friend ly agreement, advised the Lorl President of the Council,
proposals.
Stanley Baldwin, in a spench at Manchester yesterday, defending the British Government's India Referring to tariffs, be said that some of the measures suggested, to which, Lancashire peopls had been asked to give support, were cal oulated to destroy any possibility of goodwill between Lancashire and India.
He did not believe that the na tional boycott could be broken by force.-Reuter.
RUBBER REDUCTION PROPOSALS
DUTCH MERCHANTS IN LONDON
$
Mr. Ramsay MacDonald who was present at this morning's meeting was interviewed by Reuter at the conclusion of it. He exclaimed,
talk, that's all,”
Litvinoff And Simon we just hnd another
Loynox, June 20.
M. LITVINOFF MET Sir John for the third time at the Forsign Office when a communique was issued stating that "progress was in the making but the matter is not yet complete and another early meeting is excepted"-Reuter.
MOUNT EVEREST
EXPEDITION
CLIMB POSTPONED FOR
*THE PRESENT
LONDON, June 19. GENERAL BRUCE, Chairman of the committee which has de eided to recall the Mount Everest Expedition, stated that the wea ther had been so bad that there would be little chance of the ex- LONDON, June 30, pedition being successful. THE rubber restriction proposals
That does not mean that we lend an additional interest to have given up hops of finally get
he saïd. "The the arrival at Croydon by air, yes. ting there," terday evening, of the prominent struggle still goes on but for the Dutch rubber merchants M. van moment the mountain has won -Leeuwen and M. van Enthovën. against man and his machine."
In an interview with Reuter they He added it was not possible yet said that they would stay a few to say when the now start would days in Londen to see the World be made. It was always a quee Economic Conference. They would tion of weather with Mount Ever- also visit Dr. Colijn, the Dutch est, but next time they might get Premier and leader of the Dutch a better season. The members of
Rumours circulating the whole morning, were intensified when it became known that Mr. Montague Norman called at the Conference Headquarters in South Kensington and had a brief interview with the Premier.
One of the chief difficulties con- fronting the British delegates is the strong leaning of the Domin- ions towards the linking up of the sterling with the dollar, rather than pegging the pound to the Calling the former, they franc. favour the consolidation of the sterling bloc.
Another Diculty. Another British difficulty is the reported cleavage of opinion he tween the Treasury and the Bank of England, and the latter is be- lieved to be favouring a continental currency alliance.
-
It is understood that the British policy is of a mediatory nature, And that Britain will endeavour to formulate a scheme for agreement between gold and non-gold cous- tries.
It is believed that the formation of a Continental Group, with. Britain associated with it, would almost inevitably lead to the failure of the Conference.
ton of the pound without stabilisa- To achieve anything substantia! it is generally thought that stabilisa- tion of the dollag would lead to even more chaotic conditions than are being experienced at present. Reuter
Gold Countries Meet.
The day-long discussions on cur rency stabilisation yesterday cu minated in a meeting of the re- presentatives of the European gold countries, France, Italy, Belgium, Switzerland and Holland, with Mr. Ramsay MacDonald, Mr Neville Chamberlain and other members of the British delegation accompanied
by their expert economic, adviser, Sir Frederick Leith-Ross
THE TRUCE AND LOAN
Greatly Deprecated All-Round
London, June 30. Indications are that the final | Opposition" agrirst the hrmistico. draft resolution now being con- and the American loan is still. sidered by the gold countries championed by many bodies whose follows the lines of the British telegrams, as received here, pile up
to several feet high. proposals for checking currency speculation, and is believed to be acceptable by President Roose- velt if adopted.
11
The resolution is stated to have been revised nine times, each time edging away from the French demand for a statement for outright stabilisation, and is
MR. T. V. SOONG DENOUNCED
By The South-West Political Council
Canton, June 80 The South-West Political Coun-- oil has despatched the following telegraphic message to Mr. Ram- The Anthing County Kuamin suy MacDonald as head of His tang has issued a telegram oppos Britannio Majesty's Government. ing the truce, and the National in the United Kingdom: Salvation Association at Wuchow There are persistent reports also sent out a telegram to the same that Mr. T. V. Soong, Chinese Railway Kuomintang office and the Finance Minister, is trying to Chihing County Kuomintang are begotiate a loan in London- following suit.
While he is not likely to find London sa responsive as Wash-
effect, while the Canton-Harkow
Objection against the American loan is undertaken by the Kuomin
more towards the British con tang organ of the Canton-Hankowington, the South-West Political
ciliatory measure.
One of the reasons of the pre-. sent' drift of the resolution is Italy's inclination to the British view-Reuter,
dubbbbbAAAAAAA
SILVER MARKET
(From Our Own Correspondent.)
LONDON, June 30.
ARZ THE SILVER ON THE LONDON
FOLLOWING QUOTATIONS MARKET TO-DAY:
SPOT........... FORWARD..
June 30
18
June 29
18
187
193
follows:-
Railway, Hoiping County Kuomin Council deems it expedient, if tang and many others.
order to avoid misunderstanding The Association For the Relief to and prevent the possible re- Valunteers issued à circular mes crudescence of anti-British feel sage stating that they are continuing in South China, to state us ing to raise funds to support those Chinese forces who are resisting the the Japanese. Denouncing Tangka truce in strong. terms, the Association hopes the public will contínuo their contribution for a noble and worthy cause-Central Breas.
CHANCE FOR THE LAWLESS
TO BECOME GOOD- CITIZENS
"First, Mr. Soong is the pervoi responsible for the sorica of in ternal loans, aggregabing one thou sand two hundred," million silver dollars, which he floated solely to enable his brother-in-law, Chiang Kai Shek, to wage a succession of disastrous civil ware and private vendetina against personal and political opponents.
Secondly, as a result of these operations in frenzied" fuance, and in mediaeval warfare, China. finds herself with a Government at Nan- king nearly bankrupt but still con- triving to spend sixteen million out of a monthly revenue of eighteen: CANTON, June 30,
million dollars on an army: incap General Chen Chi Tung, com mander-in-chief of the first group munists internally and impotent to
able of dealing with the Com army, has issued a set of regula-defend the country against Japan- ticus giving the lawless elements a
Operators Unsteady chance to reform and to pursue purposes of civil war.
ese aggression though useful for
change Market THE crisis at the Conference left operators in the Foreign Ex
Very undecided when the dollar opened.. Now York's overnight rate of 4.27 weak ened to 4.29 but recovered to 4.23 on a fair amount covering for com mercial account but it was re- offered at 4.28.
Other currencies are quietly ateady.-Reuter.
U.S. DOLLAR-STERLING
CROSS RATE · »
LONDON, June 29, AFTER TOUCHING 4.41 during yesterday, the United States dollar sterling cross-rate recovered to 4.25. The pound remained ateady in terms of French france. It is learned in authoritative London Stock Markets display- quarters that considerable progressed some irregularity at the close was sions.
made in yesterday's discus. British funds were down from 1/16
to, 1/4-British Wireless Service. The meeting of the gold-standard
adjourned at 6.45 p.m.
The meeting adjourned at 7 p.m. until today."
M. Bonnet, who intended to leave countries started at 3.25 p.m. and Elasticity Or Fixation
י
for Paris at midday to report to
The discussions centred on the the Cabinet has postponed "his" de- parture till this evening in view of production of a general statement this afternoon's currency meeting. relating to the maintenance of the morning. he was evidently not the the countries still on that standard. When he left the meeting in the gold standard and the position of bearer of good news for French-Reuter. cars as he told Reuter that Britain had given no indication that she intended to adhere to the gold countries.
A Fateful Meeting. The Cabinet meeting in Paris
i
the French attitude at the Confer
LONDON, June 30.
Jawful livelihood.
"Thirdly, inasmuch as Mr. Soong These regulations apply to those who are forced to become brigands is no longer able to fost further in but who have not killed any one orternal loans (the Shanghai bankers- set fire to houses. Such person called conversion loan last year was refuse to assist him, since his so- must have the guarantee of three individuals of good standing in the essentially a partial repudiation of community and must submit three previous loans), he has now to re- copies of his photograph to the ort to foreign borrowing in order to finance his brother-in-law's sea- local civil or military authorities.
He has to surrender himself insonal civil wars. person, and if he is found to be in good faith a certificate will be is sued by the first group army per mitting him to resume decent life: If he should commit crimes again, his surety will be liable financially
Fourthly, foreign borrowing for productive or constructive purposes or otherwise for the economic de velopment of China or for national defence against Japanese aggies sion would undoubtedly serve vital Chinese interests. 'But foreign operation after formal approval by munitions on credit guaranteed un- These rules will be put into of money or the supply of arms and loans involving either the payment
the South-west Political Council.der the Trade Facilities Act and Central Press.
for his misdreds.
CHINA'S INVADED
TERRITORIES
NANKING URGED. TO ATTEMPT RE-CAPTURE
SHANGHAI, June 30. A representative mecting of the
king authorities urging prompt Shanghai Chamber of Commerce telegraphed yesterday to the Nan
the World Economie Conference. THE stabilisation of currencies remains the crucial factor at
The progress and decisions regard steps be taken to recover invaded ing the problem will provide a territories. bilities. week-end fraught with vital possi-The Japanese are fortifying their position in the occupied and invad- To-day finds Britain chary of an- ed zone with a view to permanent herself with the European gold unless immediate tagonising America by identifying occupation, the telegram said, and measure 'are
to be, used for the prosecution of eivil war (which is the dominant purpose of Mg. Soong's loan'activi= ties abroad) are clearly anti-nation al and call for emphatic codem- ation and repudiation on the part of the Chinese People.
In these circumstances. the South West Political Council bas to declare that any 3oan or loans negotiated or to be negotinted abroad by Mr. Soong will be na- Central tionally repudiated." Press.
LAND AND AERIAL OFFENSIVE
delegation to the Conference, and the expedition, he said, had mada likely to be very fateful so far as work, major interest was taken in bloc and yet anxious for European taken to recapture those places it TO BE LAUNCHED AGAINST
were doing.
In addition, they would have conversations with several people -Reuter
THE EMPRESS OF JAPAN.
TOKYO, June 30. IT is officially announced that the Empress of Japan is enciente.-
Reuter.
JAPANESE EVACUATED
DISTRICTS
OUTLOOK MORE CHEERFUL.
AUDIENCE WITH KING ON SATURDAY-
LONDON, June 20.
A
WOB
most obvious.
restoration
of
many rumours
stability
KIANGSE-FAMINE VICTIMS
THE REDS
British Leaders Busy.
RUGBY, June 30.. While many committees dealing with the specific task before the private yesterday, to continue their World Economic Conference met in
currency problems of which, in the find out what the Dutch delegates 2 splendid fight.-British Wirelessence is concerned, for on what M. opinion of many of the delegates, a
will be impossible to regain them Service
Thus, the Premier, Mr. Ram- later on. [The expedition, led by Mr. Hugh Bonnet has to report will probably solution has to be found if the say MacDonald, stands as Ruttledge, comprises 14, men.
depend the French decision as to hopes entertained of the Confex- centre of the monetary see-saw on
the The National Salvation Associa decision to abandon the assault on
whether to press for an adjournence are to approach fulfilment.
tion in Kwangsi has also telegraph- General Yu Han Mou, command- ment of the Conference or not.
one end of which inflationist Ame-ed to Nanking, urging that effective ing officer of the first (Cantoness) the peak was on June 22. It was
The French contention that stabi- held, regarding the terms of which, on the other end France is calling Yu Hsiang who is stubbornly and Gen. Huang Kwang Jui, chief of anticipated that an attempt would lisation overshadows
Many private conversations were rica is calling for elasticity, while assistance be given to General Feng army, had a conference with Lieut everything despite be made in the Autumn.]
further emphasised in the
closest for fixation
effectively repelling the Japanese the air force, at the headquarters economic section,"
secrecy was maintained by the The preservation of the United from Charhar province t participants,
of the air force at the Hiú Gių The French have put in a memo MR. T. V. SOONG IN randum on bounties and subsidies, the delegates of France, Italy, Bel-seeming irreconciliable objectives, the Gold 30,000,000 loan which is
Discussions took place between in European gold countries are Nanking government to seb aside The two generals are discussing
'States boom' and the gold standard The Association also urged the
Ling aerodrome.""
LONDON
declaring that at present the devar
a joint land and aerial offensive luation of currencies constitutes the gium, Switzerland and Holland, but there is emerging, in adminis injurious to the interests of the against the Reds in southern most serious obstacle and the which are gold countries and Mr.trative circles in Washington, ac Chinese people. Central Press. " Kinaggi and will submit their plan
Ramsey MacDonald, Mr Neville cording to well-informed corres bounties was by improving the cost Chamberlain and the British, Trea-pondents, some apprehension over
stop regarding
to General Chen Chi Tang, “Their: prices of the countries with depre.ury experts
the downward course of the dollar
superior officer, ciated currencies.
The Prime Minister, with the and its demoralising effect on
Military reports from soather Therefore, the
other British representatives also world monetary relations.
Kiangsi: state that" important. HIS MAJESTY the King will monetary stability is an essential bad later conversation with they
Soviet political organs at Hui- receive the Chinese. Finance condition to the practical reduction American representatives includ-
ByAdvantages Offset. Minister and leader of the Chinese of bountics and subsidies.
A joint executive and supervisory change have been removed to ing Professor Raymond Moley, dangers of the present polioy are the Belief to Rangsi Famine Vic than Huichang, as the Communists Some are of the opinion that the committee of the Association for Juichin which is better defended delegation to the World Econoraic Stabilisation Not Discussed. → United States Assistant Secretary greatly out-weighing its advant tims held a meeting yesterday. It foar that the Cantonese forces Cónference, Mr. T. V. Soong on Professor Molay spent two hours of State. Saturday, at Buckingham Palace.conversing with the United States
Orials Threatens 4
was decided that the Kuomintang would soon launch an attack-on There are indications that the South-west Executive Committee that town. Accordingly all the in delegates. The. usual morning The question of limitation of cur authorities may modify their meeting of the delegation lasted rency fluctuations was also discuss hitherto uncompromising attitude to organize committees for the to Juichin which the Comuniste be requested to order all provinces portant Red archives are bent away! only ten minutes and it was reported in the drafting sub-committees towards all schemes of temporary famine relief of victims. THE MANCHUKUO
ed that stabilisation was not disappointed by the Financial Sub-stabilisation and are prepared to
will mark out as the last line of ́IRREGULARS » cussed, but after that Professor Commission on the basis of the discuss means whereby
The next meeting will decide on defense. dollar Moley conversed with Messrs. Hull memorandum submitted by the Auetuations are limited, but this The meeting was held under the concentrated at Chumtuouthern the various measures of relief. The Cantonese forces are now PEPING, June 29 and Cox for over an hour, it is United Kingdom delegation.Bir change of opinion does not neces- auspices of the highest government Kiangel which was recently take COL NAGATSU of the Japanese understood, searching for what is Wireless Service.
Legation has returned from steps America could take toward French Patience. Exhausted.
sarily imply that President, Roos organs of the South-west, and the from the Communist riff raffa The Changchun and will communicat solving the gold crisis,
velt will agree to any immediate members of the Association must coming push will be launched from the results of his interview with
Another Impasse.
LONDON, June 30 currency agreement which will arbe high officials of these offices the north east of that town-Gems M. Bonnet, French General Muto regarding the dis The question of gold was not the Minister, in an interview with mal prices,
·Finance | rest his cherished rise in inter-
Central Prest:
statpress. position of the Manchukuo irregu only subject that reached a dead- Router yesterday, zain that the To Curb Speculatim Chinese aficial circles, here are lars to the Chinese authorities to lock to-day for an impasse was also meeting of the gold countries, yes Developments seem to be depen. now more hopeful regarding a day,ko Mar settlement of the question of The Chinese authorities had silver question, owing to the differ-terday afternoon, was engaged on dent upon which end of the see-saw Manchukuo irregulars, negotiations originally decided to wand two ence of opinion between the United drafting a most definite and most Mr. MacDonald inclines his weight,
on currency and in the meantime, the possi in connection with this question are delegates to Dairen to negotiate States and Indian delegations, the resolute statement proceeding smoothly.
Fibility of President Roosevelt con- with the Kwanting Army, authori Indians being unwilling to commit stabilisation. It is stated that the Chinese ties on this question, but this themselves to long-term agree. Gold countries worn completely sating to international exconogo authorities propose to incoporate plan may be altered with the rement to restrict the sale of silverunanimous on the repessity of de control in order to curb specula 3,000 troops under Li Chi Chun turn of Col. Nagatsu
which the United States urges tending to the utmost, the stabilisation, is not likely until Britain into the special "police force and The Commission to take over the Meanwhile the problem of a te. tion of their currency
has indicated whether she intends lation them at Fengyun, to the Lirantung district includes Gener duction in wheat acreage still defies Gold standard countries at the stabilising provisionally under North of Tengehan and Li Chal Hauch Chi Hong, former Chief solution. A further meeting of the conference were preparing a do terms of gold or not." -- Chun's native district. As Li, hes of Police in Peiping anda per big producers held this morning claration of their own views and it in any case, the gold country. Ban demanding the incorporation (sonal friend of In Chi Chub who decided to cable to Australe to would be Jeff for Britain and Ame delegations are expected to issue of all his men, variously estimated has been very active in trying to review the situation together with fica to join in, if they wish., a atatement to-day, afirming their from 10,000 to 20,000, it remains to mediate between the Chinese au suggestions for consideration at a The French assert that a declara intention of mutual support of the thorities and the Commander of meeting the States Premiers- tion will be issued whatever hap maintenance of the gold standard. #the Manchukuo irregulars,—/outer. Reuter.
Rente pens Reut
PEIPING, Jung 29. FOLLOWING a conference the Priping Political Council, the Peiping Branch of the Military Council and the Hopei Provincial Government organised a joint-com- mission to take over the districts which the Japaness will evacuate. The Commission consists of rever members, with Mr. Yu Hsueh Chung as Chairman, and will be formally inaugurated in Tientein on Baturday, July 1.
be seen whether the present proposal is acceptable to LiRoute.
-Reuter.
reached behind the scenes 'on' the
ages.
COUGH LINCTUS
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