1933-07-18 — Page 9

CONFERENCE IN LIQUIDATION

Currency Stabilisation Causes Deadlock

URGENT NEED TO REDUCE

TARIFFS

London, July 17. The liquidation of the Conference began this morning, when the sub-committees met to consider whether it would be possible to draft recommendations, or recom- mend postponement, owing to the stabilisation deadlock.

JAPANESE CIRCULATE PROTEST

The Japanese have circulated a

protest to the system which marks

origin is an obstacle to inter- national trade tending to result in discriüimation,

..

The report of the Comunittee un commercial policy stresses that the original hypothesis of the ? whole World Economic, Cunfer- ence was based on the "de facto" stability of currencies, and after analysing the causes of the dis- agreement, declares that all de- legations who have agreed to! direct or indirect trade restrictions must disappear as soon as pos sible, although some of them have made temporary reservations.

NO QUESTION OF BARGAINING

Viceroy's Reply To. Gandhi

HONG KONG DAILY PRESS. TUESDAY, JULY 18, 1933.

DUAL TRAGEDY

AT S'HAI

STEEL AND IRON GENERAL CHIANG

WORKS

CRITICISED

LORD BRIDGEMAN

BY MR. CHOW LU

Death Of Two Police PROPOSED NEW CANTON

Officers

"Shangbai, July 17. A dual tragedy occurred in the Shanghai Police Force yesterday. Inspector J. Sullivan was found ill in his room and died en route to hospital. Death was apparent ly due to a stroke, owing to the intense heat.

The second tragedy occurred when Sergeant W. G. C. Smith was drowned while on a house- boat trip.

Smith was holding on to a small skiff when the boat turned over throwing him into the water, which is deep and notoriously treacherous. At a late hour last night his body had not been re- covered in spite of intensive efforts by the Water Police.-Reuter,

PLANT

(From Our Special Correspondent)

Cunton, July 17.

establish iron and steel works in

(From Our Special Correspondent)

by

Canton, July 17. General Chiang Kai Shek, Chairman of the Nanking Mili tary Commission, was strongly The Department of Reconstruc-criticised by air. Chow Lu for to having completed a plan to undermining the anti-Japanese Canton, will send Mr. Ho Che Generule Feng Yu Hsiang and

campaign As undertaken Kin, head of the mining and Fang Chan Wu. metallurgy section, to Europe and the United States in order to purchase the necessary machinery and equipment for this new plant. Leaving Hong Kong on August aboard the President Grant, Mr. Ho will first go to New York and consult Arthur G. Mckee and Company concerning the design of the new works, as that Ameri- can concern has prepared a com- prehensive scheme concerning the new factory, which will be con- structed at a cost of 830,000,000 local currency.

ON MANCHURIA

PROVOCATION SUFFERED: BY JAPAN

(Special Air-Mail Service) -

LONDON, June 20.

A dinner in honour of the

Japanese delegates to the Monetary

Bassador ne Tokyo, and Lady Lind- loy, was given by the Japan Society at the May Fair Hotel last night. Mr. Charles V. Sale, Chairman of Council, presided,

and Economic Conference and of Sir Francis Lindley, British Am

ROUND THE WORLD FLIGH

Wiley Post Held Up

AFTER &

BERLIN, Julyời magnificent across the Atlantic from

Post, holder with Harold Gatt the round-the-world fight red

York to Berlin nonstopi

took off at 2.11 p.m. for No birsk.

,יו

Post is engaged on an att to beat the record. Eis across the Atlantic must have up a new record.

He landed at 11.55 a.m. and;

Moscow, July! The weather for the Post i

waving to

Speaking at the weekly memo- rial service this morning. Mr. Chow Lu, a leading member of the South-west Political Council,

In proposing the health of the emphasised that the recapture of Japanese delegates the Chairman off again at 2.11 p.m.-Reuter Dolonor by the anti-Japanese tual understanding and good feel!

saith that in the promotion of mus Allied Army is a event, because it is a struggle for men

remackable ing it might help if English is reported to be very unfavou pholding the Chinese race, and expansion of

remembered that in the and it is, therefore, possible

trade und the he will be compelled to land good ordering sovereignty.

of the

Empire Moscow.-Reuter. consider that fighting against the could not be wrong for them. In "The Nanking. Government the Japanese were following our Japanese is a state offence," said the same way, he ventured to poin: wenther. He hopes to be ab KOENIGSBERG, July: example. What was right for us

Wiley Post forced MF. Chow with much emotion. cut to friends in Japan who might Such a government must be "re-not at the moment see eye to eye Three British firms in thepudiated. It attempts to sell with us that in their own

crisia United Kingdom have submitted the country bidders to construct this plant in

to the enemy and Japan raised her ariffs to a per- acts against the welfare of the centage which now nearly doubled" Canton, and an award will be

the average rate of her import people.' made after Mr. Ho has interview-

duties on datiable goods. She did this ed the heads of these companies in

dancy and to diminish the ad- both to cultivate.internal Dollars opened at 4.78. peuken- PRAISE FROM SOUTH WEST England. Two German and three

verse balance of trade. In certain American firms are also, interested

cases. undoubtedly, a death-blow in this project.

which had been built op by British was thereby delivered to trades

The report emphasised the urgent need of reducing excessive tariffs through general bilateral agreements and favoured the un- conditional maintenance of the most favoured nation clause...

J

London Exchange Market.

The undertone of the market is most quiet and shows a slight inclination to sell sterling,

ed to 4.79 but later recovered to 4.774.

French francs improved from 85.31" to 86.21 following & report of the equilisation fund-Reuter.

T. V. SOONG AT PARIS

TO ATTEND MEETING OF

LEAGUE COMMITTEE ·

Gaszva, July 16.

Mmorning from Rome and visit T. V. Soong arrived this

ed the new League Buldings, the International Labour Office and the Disarmament Buildings...

Poona July 17. The Viceroy, in reply to Mahatma Gandhi's request for an interview, pointed out thaf there He is leaving Geneva for Paris was still no question the to-night to attend a meeting in Paris on Tuesday of the League Government bargaining with the sub-committee which is to consider Congress, unlese civil disobedience the Chinese request for the League's was withdrawn on Congress' own collaboration in the work of rear initiative. As Congress was un-ganising certain Chinese provinces. After the Paris meeting, Mr. T. willing to do this, an interview v. Soong will go to Berlin to make

ing for China.-Reuter.

|

FENG'S CAPTURE OF DOLONOR

POLITICAL COUNCIL .

1

Mr. Chow denied that General Feng Yu Halung has received any support from Soviet Russia, as communication through Outer Mongolia is blocked. This charge, Interviewed by your correspon-he said, is but mud slinging manufacturers, but we on this side Cantor, July 17. dent to-day. Mr. Ho said that Reporting his capture of districts in North Kwangtung are Dolonor to Mr. Hu Han Min and rich in iron mines, and therefore other South-west leaders, General the new iron and steel works will Feng Yu Hsiang, Commander-in- have plenty of raw material to Chief of the People's Ant supply its need. Japanese Allied Forces, stated that the town was captured at 9:45 am. July 12, after routing the Japanese-Manchukuo forces.

General Feng lost about 1,500 | men, while the casualties on the enemy side are many times that | figure. The town was captured while the enemy was reinforced after #ghting five days and niguts,

by airplanes. The troops under General Kih Hsiung Chang fought most bravely and charged the enemy with, bayonets,

There was some street fighting before the enemy was cleared out of the town. The report added that the enemy retreated in utter

confusion.

HAWKERS HIT

BADLY

30 COPPER CENTS FOR A 10-CENT PIECE

(From Our Special Correspondant)

Canton, July 17. Panic has stricken hawkers and petty merchants, ag, the value of copper coins has dropped from 16 to 30 coppers for every ten-cent piece. As these traders are deal- ing in copper coins, they are suffering heavily with the falling

on the part of Nanking, for whoever take up arms to defend the country is deemed a Com munist or a despicable character and therefore a foe of the Nanking

Government.

Now

recognized that, faced with such a calamity as the great earthquake, Japan and the right and even the on the other hand, when England, duty to follow that policy. faced by a similar crisis, was rais ing her tariffs against a surplus of imports, might it not be recognized were forced to adopt a that

the good of our people in a time similar policy for a similar purpose of emergency f

WC

Viscount Ishii on Currency.

resume bis flight at 3 a.m.-Ze

FLIGHT RESUMED

Koenigsberg, July 1 Wiley Post resumed his f at 6.45 a.m. “

Moscow, July 1 Wiley Post landed bere at p.m. local time.-Reuter

Moscow, July 17 Wiley Post took off at t

Reuter, p.m., local time, for Novosib

ני

A TRAGIC FLIGHT

TWO LITHUANIAN FLIE

· KILLED

The South-west will continue its stand for active resistance of Japanese aggression, suppression of Communista, and the over- throw of dictatorship, Mr. Chow stressed. If we cannot or do not carry out these measures, we are not true comrades of the recently there had occurred difficult Viscount Ishii, in reply, said that Kuomintang and would indirectly questions between Japan and a

Berlin, July 14 betray the country," he added. portion of the British Empire' in

Darius and Girenas were ki It was learned to-day that the the field of economica. They were near Soldin, Pomerania, thre South-west will take more active undeniably embarrassing questions, their machine crashing.--Reu steps to support General Feng Yu but these were days of extraordin Hsiang in his fight against the world. The difficult questions cow ary emergency throughout the invaders and traitors," pending between Japan and India

,"

CHINESE CRUISERS NEAR FOOCHOW

As

message

from New 15 dated July

stated: two Lithuanian airmen

Gire

og between Japan and Great tain Darius and M. Britain were, in his opinion, attri-flight to Kovao, the capital butable

in the wreckage has been identi "the to

unprecedented

that of Victory Tesglai fluctuations in the rate of exchange

would be of no purpose.--Reuter. Ibis last important call before sail-Yu Hsiang's telegram, the South-value every" day of this money. A MESSAGE from Foochow re-example, some

LOW PRICES OF JAPANESE

GOODS

EFFECT OF CURRENCY

FLUCTUATIONS.

(Special Air-Mall Service)

LONDON, June 29.

An explanation of the low price of Janese goods in the English and Its markets was offered by Viscount hii, one of the Japanese delegates the World Economic Conference, when speaking, last night at the oquet given by the Japan Society the May Fair Hotel, London,honour of the Japanese delegatey ence and of Sir Rhe Confer British Ambassador acis Lindley. A Tokio, and Lady Lindley.

Japanese women were ber of sent in their native costume...

Viscount Ishii said that the

NAZI ECONOMIC

COUNCIL

BERLIN, July 1. A GENERAL Economic Council, consisting of prominent econo miets, bankers and industrialists, such as Herr Krupp, Herr Thyssen, Professor Bosch and Dr. Otto Fischer, has been formed to advise the government on economic questions. Reuter.

ITALIAN ARMADA

+

FLIERS

Receive Many Congratulations

News boys are also hard hit by this depreciation.

low.

'38

Third Body Found.

Berlin, July 17

A third body, which was for in the wreckage has been ide evently a stowaway.-Reuter fied as that of Victor Yenglai

Upon receipt of General Feng

NANKING, July 16.

of their respective currencies. For evidently a stowaway-Renter

Japanese articles ported the arrival of the were sold in the Indian or English west Political Council dispatched

Chinese warships" Yat Sen" and market at a price which Great a congratulating telegram last

"Hai Ho at Mamoi, near Foo Britain looked upon as ridiculously Saturday and highly extolled the Dumping of copper coins into chow yesterday.

The wages of Japanese la general for his success in the face Canton is responsible for this de: three cruisers which sailed for the low, but here they were thinking, The "Yat Sen is one of the bourers might appear extremely of superior odds. At the same preciation. In zome time the telegram condemned the districts and neighbouring pro- the "Ninghai"-which arrived in of the Indian or English currencies. outlying South recently and, together with in passing such judgment, in termi Nanking traitors for willingly vinces, one ten-cent piece is Shanghai on Saturday and the Great Britain and India, on the signing away national territory equivalent to 36 coppers. The Hai Yung" anchored off Castle contrary, were offering their goods that if every one in this coun and failure to have a definite plan provincial department of finance Peak Bay Hong Kong a short at a price which, while reasonable could realize the extraordin to recover lost provinces has banned the import of copper while ago. Since leaving British in their money, was found oppres- complexity of the problem Central Press.

when coins to this city, but somehow thres cruisers, bave been shrouded terms of Japanese currency.

water the movements of these tively high

computed in Japan had before her, with the these coppers are flowing in here in mystery.

The ligation of protecting the legitim fundamental problem of interna- interests and lives of her own co in large quantities.

The cruiser Hai Ho" left Taku tional exchange once satisfactorily trymen in Manchuria, there wo FENG YU HSIANGEBIEDEÄÄNALANDaanbaYung Hsiang" and the Chuent difficulties would at once her at all. If they knew the

Bar on July 6, accompanied by the solved, these transient and appar- be very little misunderstanding Yo," their departure giving rise to appear from the world market and the rumour they were leaving for international commerce would once subjected and the many breacher vocation to which Japan had be the South to join the Canton Navy. more be rehabilitated on its normal agreement from which she This rumour, however, was soon disproved as two days later the vessels turned in at Tsingtao.-Reu- ter.

DETERMINED ·

To Recapture Four N.E. Provinces

Peiping, July 17. Feng Yu Heiang in telegrams to local Leaders, as well as Chiang Kai Shek and Wang Ching Wei declines to give up his posts in Charhar although he had promised to do so when Dolonor fell.

CHICAGO, July 18. THE Italian airmen at noon to- day attended' a solemn Te tions now pending between. J Deum at the Cathedral in Chicago, and Great Britain or betwe after which they visited the World in hr Exposition and examined the Ita Japan and Indis

were,

Nian exhibits. opinion, attributable to the capre

He says that although he has cedented fuctuations in the raden the evening they were enter..

hed at a banquet given by the completed his duty in safe- of exchange of their respective cur

coma-American Society, when guarding Charhar by recapturing rencies.

fromulatory messages were read Dolonor, the four north-eastern. includ parts of the world, from St Brotherly greetings provinces still remain to be Dremion Musolini and an ex-recovered." magnificent admiration at their delf Hull.-ht from Mr. Cor-

&

*ES

"For example," he said, "some Japanese articles are sold in the Indian or English market at price which you look upon ridiculously low. The wages, of our labourers may appear to you extremely small, but you are think- ing, in passing such judgment, in English tering of the Indian or currencies, You are, on the con- trary, offering your goods, at price which whils reasonable in your money, is found oppressively high when we compute it in terms of Japanese currency.

&

HOUR

K

He goes on to appeal to the Government to denounce the

SILVER MARKET

(From Our Own Correspondent)

LONDON, July 17.. ARE THE BILVER TRE LONDON

FOLLOWING QUOTATIONA ON MARKET TO-DAY:

July 17 SPOT........... 18:11/18 FORWARD..... 18.13/16

July 15 18.11/16

18.13/10

THE LONDON ON NEW YORK CROSS EATE TO-DAY WAS £1, 84.777.

PREPOSIUM OPERETTIESTE PIN

|KNOCK-OUT BLOW TO REDS"

PLANNED BY GENERAL YU HAN MOU

[

· STALKY & CO." AT-

LUNCHEON

TRIBUTE TO KIPLING.

(Special Al-Mail Service)

LONDON, Juse 29. The annual luncheon of the Kip ling Society was held yesterday at The chair

the Hotel lembrandt,

was taken by Major-Gen. L. C. Dunsterville ("Stelky"), president of the society, Mr. GC. Beresford ("MeTurk") was

among those present.

Mr. L. 8. Amery, M.P., as chief guest, proposed the toast of Rud- yard Kipling.

Though Kipling was, he said, the Canton, July 17. greatest story-teller of the day, he Tangku Armistice and send troops quarters in Tayu in southern longeet as a poet,

Having arrived at his head-believed that Kipling would live to the north-west, failing this Kiangei, General Yu Han Mon, went on, had gone for ever, not The India of Kipling's day, he he says, "I will have no alter commanding the first Kwangtung because of White Papers and the native but to lead my hundred

army, immediately called a mili- Montagu-Chelmsford report, but thousand hungry weary soldiers and proceed to work for the re- deal a knock-out blow to the Com-so, certain of his poems might with tary conference to form plans to because of forcer far deeper. Even covery of the four north-east pro-munists. Another conference will to-day.

advantage be studied by statesmen vinces. As long as there is one be held on July 20, when the Lord Reanell of Rodd proposed breath left in me I won't alter preliminary schemes will be de- the toast of the society and its this determination,"

*£10,000 IN X

AT LONDON SALÈN

MASTERS OLD

(Special Air-Mail Service). "The fundarnental problem of international exchange once satis-

LONDON, June 29, factorily solved, there transient

Big prices were paid for old mas difficulties will. and apparent

ters at Christie's" to-day. world mar: disappear from the

There

was a first bid of 500 ket, and international com merce will once more be rehabili-guineas for a small panel by Hob Colonel Bir tated on its normal basis. With bema belonging to the success of the Economic Con-Robert Williams. Every additional b ference now being held, and of the bid was 100 guineas, and the last friendly conversations now going word was spoken at 3,100 guineas. on between our two countries we ought to be able soon to overcome all difficult questions now pending

between u

The panel is only 20in. by 20lin Business to the tune of £10,000 was done in an hour, and one dealer (Continued on next column).

president. Major-Gen. Duaster- ville replied.

The toast of the guests was pro- posed by Major-Gen. J. D. Mac Lachlan.

finitely put into shape.

The Kwangsi division under Lieutenant General Wang Chan tibited "It is almost like old Pin has stormed 13 forts erected. by the "Reds," and three others

Lt. Col. R. V. K. Applin. M.P, are being bombarded by trench replying, speculated on whether, it mortars and one-pounders of the his cousin, Mr. Baldwin, had gone Kipling had gome to Harrow and Kwangsi forces. With the cap to Westward Ho! they would have ture of the last three forts, the exchanged their outlooks in after- government forces will advance life. mewall by into "Red" territory Central Services College, Westward Ho

Twenty old boys of the United

attended the luncheon.

Landsch

4.

£3,253.

& Woody Landscape ortrait & Jacob Ruisdael, toretto, £1,7ne by 1 Tin

Portrait of n Sir Joshua Reyn

050.

Press.

basis.

It was for this very purpose, that the representatives of all the coun

suffered, and realized that th was ng authority to protect fi citizens from the attacks of irre

tries of the world were now'asser- lar looting forces-under no cont bled in this great metropolis. With he was sure everybody would f the success of the Economic Con appreciate the difficulties un ference now being held and of the which Japan had laboured and friendly conversations now going ration of the situation. They

press their pleasure at the sme on between the two countries, they wished a speedy, happy, and not ought to be able soon to overcome all difficult questions now pending taken place. (Cheers.)"

ful result of the troubles, which between them. (Cheers.).

Broken Agreements.

Lord Bridgeman, who proposed the health of Sir Francis. Lindley,

spoke of the recent troables which had arisen in Manchuris and said (Cantinued on next coluun);

Sir Francis Lindley, in reg said he had never served in a cot try which was more agreeable official business than Japan.

The Japanese Ambassador posed "The Guests," and Bolton Eyres Monsell (First of the Admiralty) responded.

For

for your Health's sake

drink delicious

Ovaltine