1933-08-30 — Page 9

ANOTHER NORMAN

MYSTERY!

WILL DOLLAR AND STERLING BE STABILISED?

“TEA-PARTY” TALKS MAY INFLUENCE MR. ROOSEVELT

New York, August 29. "The object of Mr. Montagu Norman's visit, continues to evoke lively speculation, while it is dismissed in some quarters as just another mystery of Mr. Montagu Norman.

Banking circles stress that Mr. Norman's visit is not purely social as he is believed to be convinced that sterling-dollar stabilisation is essential to world recovery,

While official circles emphasise the tea-party talks do not imply any immediate change in the American finan- eial policy, Mr. Norman's visit will possibly influence Mr. Roosevelt's future policy. Mr. Roosevelt is not likely to commit himself to any fresh monetary policy until the results of the Recovery Campaign are available. But it is believed Mr. Norman will orge a measure for the tem- porary stabilisation of exchanges to help rather than hin iler the recovery movement in the United States.

+3

HONG KONG DAILY PRESS, WEDNESDAY, AUGUST 30, 1933.

WAR MENACE IN PACIFIC

Strong Warning From New Zealand

YELLOW RIVER FLOODS

Kaocheng Practically Destroyed

Banff, Aug. 28.

Peiping."Aug. 28. THE war menace, in the Pacific

Reports on the Yellow River occupied the thought of most flood situation in Honan” have be- of the delegates at the concluding gun to come in from the investiga- session of the conference of the

tors sent out by the China Inter- Institute of Pacific Relations to-national Famine Reller. Commis

day.

A very strong warning was, for instance, delivered by the New Zealand Finance Minister. Mr.

Downle-Stewart, who in a striking speech, declared his conviction that unless immediate steps were taken to create a peace machinery, there was grave danger of war.

Tentative plans for the forma- tion of a Pacific Socialist organi- sation, sponsored by Lord Snell, the well-known British Labour Feer, were submitted to the Con- ference with the object of further- ing the movement for a League of Pacific Nations in order to ensure peace and to solve mutual econo- mic problems.

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זי

sion.

Bishop W. C. White, wiring fem Kaifeng to-day, says that investi- gations at Kaocheng reveal the city as being almost entirely des troyed. He adds that the city offices have been moved elsewhere.

The telegram goes on to say that over a hundred villages have been destroyed and a considerable tract of land covered with silt to & depth of several feet. The water bas mostly receded, but several thousand. people are in dire need.

A PHENOMENAL RISE

THE FALL OF YENPING

Communists Defeat Government Troops

Pelping. Aug. 29. (OVERNMENT reinforcements

for Yenping were apparently too late. Foreign despatches, from Foochow, state that. Yenping fell into Commimist hands yester day.

Government | troops ; are being now sent from Klenningtu.

All American residents at Yen. ping bad safely withdrawn before the city fell

"

JAPANESE CRUISER SENT TO MAWEI

Tokyo, Aug. 29. THE Navy Office has announced

the despatch, of the cruiser Isuzu àre two destroyers to Mawel, near Fuchow, owing to the near approach of Communist troops causing unrest.

WATCHING JAPAN'S

INTERESTS

Nanking, Aug. 29. While Shantung messages con- tinue to report a fall in the Yel- low River level at Lokow, reports from Kansu are far from assur-Cruiser Proceeds To Foochow ing

T. V. SOONG RETURNS TO SHANGHAI

NANTAO BUND UNDER HEAVY MILITARY GUARD

INTERESTING STATEMENT BY CHINA'S FINANCIAL MINISTER

Shanghai, August 29;

Mr. T. V. Soong landed at the Nantão Band at 9:20 this morning under heavy military and police protection. Five planes hovered above the Bund, while all traffic in the vicinity of the wharf was suspended when Mr. Soong's party landed to the strains of a brass hand..

plots.

RUMOURS OF ASSASSINATION PLOTS

Beneficial And Amicable. No resolutions were passed by the Conference, but the heads of the various delegations announced

Nobody was allowed to meet the Mr. Scong reviewed at great that the meetings had proved most

Finance Minister on board the length the situation abroad, and fuminating, beneficial and amic-

According to Chu Shap Liang. able, despite the controversial Chairman of the Kansu Govern-

The entry of the Communist President Jefferson, even Govern- concluded by saying he was deeply He paid a high aspect of many of the questions ment. heavy rainfall occurred in forces into north-west Fukien bas ment leaders and those armed with impressed by the Powers' warlike! which were discussed.-Reuter.

caused the Japanese

cruiser, special permits being refused per-preparations. Kansu on August 16th. On this feudza, which was to have arriv mission to board the vessel, which tribute to the Fascist and Naze WALL STREET TAKES NO NOTICE SECRET TALKS AT BANFF day the heaviest downpour for the tale which formal Visit Fix was heavily guarded by police, in organisations in Europe, saying past six months was recorded, re-terday, to postpone her call. She view of rumours of assassination they resulted in close co-operation sulting in the Yellow River regis has been directed to proceed to Banff, Aug. 23.

among the people. Secret and official negotin-tering the phenomenal rise of 400 Foochow to watch Japanese in- Nantao wharf to Mr. 8oong's re- Powers hope for an early settle

The streets leading from the

Mr. Soong added that all the tons, looking to a settlement of feet in the gorge.

Chu Shao Ling promises to

sidence in Frenchtown · were | ment of the Communist menace to g Rear-Admiral Yamanouchi is on two outstanding questions between the Orient and the West, were un- continue to report on the latest board the cruiser but he is only strongly picketed by police, and China, since all were anxious to dertaken by delegates to the In-situation in the upper reaches of travelling

We trafic was suspended when his invest in this country. & passenger.

French police

The Finance Minister" refused to stitute of Pacific Relations to-day. the River. Reuter.

understand that the reason for car was passing. Despite the unofficial nature of

opinion on Stro this was that it was not intended guarded the Minister the whole express an the conversations, it is the under-

that the Admiral should exchange way from the wharf to his resi-Japanese relations and other pok

dence.--

tical issues. standing here that the Far Eastern

Those welcoming Mr. Soong in- delegates, at least, expected them

cluded Mr. Cheng Chung Min and king before the week-end-Reater. Mr. Soon is proceeding to Nang to result in. official action,"

The conversations

Dr. H. H. Kung, representing Mr. Wang Ching Wel and General Chiang Kai Shek, respectively The whole party proceeded to Mr. Soong's residence.-Reuter.

New York, Aug. 28.

ing little if any interest in the

between. President meeting Roosevelt, Mr. Montagu Norman (of the Bank of England) and Mr. Harrison (Governor of the Federal Reserve Board)..

life.

Harrison following a tea attended WALL Street appears to be tab by others unconnected with official Previously, Mr. Norman was a guest, at luncheon, of the Federal Reserve Board. The function was attended. by Mr. Harrison, Mr Eugene Black, governor of the Board, and prominent bankers Reuter.

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It is believed that the subject under discussion concerns the monetary policies of the United States and Great Britain, with a view to an adjustment to a com- mon policy.

GOLD PRICES FALL ·

were sur-

*

terests there.

As

The Communist advance is caus-

. A DENIAL

formal calls with the Hong Kong Nanking. Aug. 29.

Government. Lin Shih, Governor of Honan, In the event of the trouble in has telegraphed to Nanking, em- Fuklen not proving serious, the rounded with all of the secrecy phatically denying that the Honan Isudza will return from Foochow and importance that usually at

authorities opened the Yellow to Makong. tends a diplomatic conference River dykes near Lanfang, for the when Important decisions may posi

the delegates retired to purpose of diverting the flooding much concern, and the United sibly be reached, but so little. is! To-day's fall of 7d in the consider the repeal of the Ameri-waters into the lower river dis-States authorities have advised all known about the progress of the price of gold caused some profit can and Canadian Oriental ex-tricts, thus causing the inunds-American subjects in the area to talks for their nature that it was taking but not enough to with-clusion laws and the Japanese tion of eighteen haten in West withdraw to the coast. not surprising to find that there stand the demand for gold shares proposals to be made at the Simla Shantung. was no reaction on the foreign ex- and

tariff conference. change market. which "showed i made. little activity. Reuter.

MERELY A SOCIAL

GATHERING

1

London, Aug. 28.

substantial advance

were

Be-

SILVER MARKET

The Executive Yuan has decided Some of the Far Eastern repre- to form a Yellow River Flood Re- Kafirs were mainly affected but sentatives admitted that prelimin-lief Commission to carry out three West African Indians and West ary ground may be covered in the stages of relief, the immediate

unofficial negotiations. Australians all went up..

assistance of flood sufferers, rellef Johannesburg telegrams,, report

Both Japanese and Chinese de- by means of diployment and last- excited dealings upon which "to-legates met with those from Caning conservancy projects-Reuter. day's drop in the gold price hadada and the United States. Hyde Park, New York, Aug. 29. only a slight effect. The other fore the doors were closed, a res "No business was transacted, it main feature on the London Stock Japanese spokesmen said that the was merely a social gathering," markets to-day was the contuma - Americans, apd Canadians would announced President Roosevelt, ance of the steady rise in Home be asked to use their influence at after his meeting with the Gov-rails. British funds were inactive Washington and Ottawa to give ernor of the Bank of England, War Loan 3 per cent being quot- both China and Japan Immigra-

Montagu Norman and Mr. ed at 993-British Wireless.

tion quotas and do away with ex- clusion which has been responsible for much of the confusion, and misunderstanding ~ between -- the East and West. He said that Canada and the United States could adopt any method of arriv- ing at a quota that seemed desir- able.

Mr.

REDUCTION IN WHEAT ACREAGE

15 Per Cent Announc- ed In America

Washington, Aug. 28.

US. RECOVERY

PLAN

Roosevelt Confers With Ickes

New York, Aug. 23.

MR. WALLACE, the Secretary of METHODS of speeding up the

the Départment of Agriculture, has formally announced that a Afteen per

cent.

reduction in American wheat acreage will be undertaken during the coming sea son-Reuter.

Recovery Plan were discussed at Hyde Park to-day, in conversa-

tions between President Roosevelt and Mr. Ickes, the Secretary for the Interior.

After the conference, Mr. Ickes declared himself in favour of the withdrawal of allotments from the Recovery Fund in cases where the projects. were not started within 124,000,000, a specified period.-Reuter.

Washington, Aug. 28 Mr. Wallace has estimated that the wheat acreage reduction will reduce planting by 9,600,000 acres and production by bushels.

He added that the American supplement to the London Wheat agreement was expected to be signed to-day.

Details are at present not divulg- ed. Reuter.

ANGLO-SOVIET TRADE

Interim Arrangement By U.S.S.R.

London, Aug. 28, THE Foreign Office has been in- formed by the Soviet Embassy in London that for the purpose of facilitating commercial operations in the United Kingdom. pending the conclusion of the new trade agreement, the Government of the USSR. have authorised M: Al- exandre Osersky, in virtue of his position as tradé representative of the USSR. in Great Britain to sign letters of guarantee.

It was indicated that both China and Japan would not insist on a quota hased on the 1890 Oriental population of the United States. The Americans, however, said that, If a quota should be granted, it would have to be on the same basis as others are, granted.

(From Our Own Correspondent)

FENG'S LATEST

WISH

Anxious To Serve Central Govt.

fo

AN “APPEAL FOR UNITY

Shanghal, August 29. Mr. T. V. Soong issued a written statement this morning appealing for unity among the national leaders for the salvation of the nation and expressing confidence.

TO MEET CHIANG

Shanghai, August 29. It is understood that Mr. T. Về Soong will be leaving for Kuling, shortly for a meeting with Chiang Kai Shek.

Messrs. Sun Fo and Wang China. Wel are also going to Kuling soon for another conference-Reuter.

that, if China helps herself, au FIFTH NATIONAL

powers in the World would gladly extend assistance, to China.

CONGRESS

Chen Opposed To

Mr. Soong first dwelt at length with his travel in America and Europe and with his meetings witn President Roosevelt and the lead- Peiping, Aug. 20. THE orders from General Hoers of European powers and ausO.

· London. August 29.

Ying Ching to General Sung with his participation in the Wors Following are the Silver Quota-Chen Wu and his men must be

Chen Yuan, that General Fang Economic Conference.

Continuing he said that the tions on the London market to- day:

rounded up and disarmed, indicates American cotton and wheat loan that the authorities refuse to was concluded for the reconstruc- further negotiate with this ex- tion of China and expressed his From Our Special Correspondent) Kuomiinchun general.

deep appreciation of the powers'

.

· Aug. 29. - Aug. 28. Spot

18 17 13/18 Forward ... 181 17 15/16 The London on New York cross rate to-day was+

-£1-$4.57).

FOR RELIEF OF SUFFERERS

It is reported General Feng is spirit of co-operation with China, now again asking for an appoint- demonstrated during his trip ment before giving up his present abroad. command but; in view of his re- cent record, the authorities have decided this is impossible and that he must give up his command first, or have his men rounded up

and disarmed.

ANGLO-JAPANESE TRADE

General Sung is taking mea- Tsinan. August 29. For the purpose of raising funds sures, according to Chinese-sour- Meanwhile, Japanese delegates to ameliorate the plight of flood ces, to prevent General Fang and were closeted with delegates from sufferers, Han Fu Chu, Governor his troops from Joining up with Great Britain and plainly attempt of Shantung, has ordered a fifty General Liu Kwel Tang-Heuter ing to sound British opinion with per cent, cut in salaries of officials regard to the Japanese proposals in the affected districts, while the to be made at Simla. It was evi- pay of the police and military dent that the Japanese expected will be halved. the British delegates to their views to London and thus smooth the path of the Simla con- ference in advance.

cable

Japan, it was said here, will offer to buy her raw cotton in India in stead of the United States if a sub-

U.S. FOOD PRICES stantial quantity of Japanese tex-

RISE

CHINESE MINISTER TO GERMANY

Nanking. August 29.. tiles are allowed to enter India at

It is confirmed from authorita- reasonably low, tarifs.

The Japanese have already ad- will shortly be appointed Chinese tive sources that Liu Tsung. Chleb mitted that Great Britain and In-Minister to Germany,

Canton As Centre

`Canton, Aug. 20. While. Kuomintang leaders such

He said he inspected the new in- as Haldo Fu Chen, Chow Lu, Teng dustrial tendencies in Germany, Tse Ju, and LI Chung Jen are still Italy and France, which were all in Hong Kong, they are said to be good examples for China: He re-making a final effort to convene 's ferred to the Yellow River flood in Kuomintang Fifth National Con- China and expressed very deep gress in Canton as a challenge to sorrow for the refugees.

another Congress to be held in Nanking on November, 12.

Though Gérerai Chen Tsai Tong, of the Commander-in-Chief

MORE FIGHTING But in order to make such a de- territory; he seems willing to con-

IN CHARHAR

Manchukuo Forces Claim Success

Tokyo, Aug. 29. MESSAGE from Changchun

dia are not likely to accept the Liu Wen Tac will be appointed A states that Japanese head

Eighteen Per Cent. or he dimming tactors, both one Minister to Italy-Reuter.

Since April

Washington, Aug. 28. THE Labour Department hus issued a statement containing

of disturbing here and In Tokyo," is that Great Brl- tain has given no indication of 'her attitude, either directly Or Indirectly. The Japanese Foreign "Office has, from time to time, announced her desires with regard to the Indian market but it ap- pears that any announcement of

MR. EUGENE CHEN

Adding that all the powers were making long strides in economic and and cultural developments national defence; while China con- tinues in the grip of natural catas- Kwangtung land, sea and air for trophes and social disorders, "It is ces is not enthusiatic about hav time for China to develop hersell. ing a Congress convened in his velopment possible, all leaders insider a compromise scheme. There- China must co-operate closely and tore there is talk of calling the concentrate on national resources Congress not in Canton but in and the capital genius in the Gov- Shanghal, Foochów or Wuchow.S ernment for national reconstruc- tion with the same spirit as pos- sessed by the other powers," said Mr. Soong-Reuter.

NO LOAN FROM GREAT BRITAIN

There have been considerable rumours here following the refusal of the Kuomintang leaders to re- turn to Canton. It was reported: from a reliable source that they | have everything to lose and noth- ing to gain by the Nanking Con- gress, which, it is alleged, will meet to enhance the military and political power of General Chiang Kal Shek, Chairman of the Nan- king Military Council.

a survey of retall food prices in attitude must awalf the convening Not To Resign From contained a small body of not yet been axed, no wheat has Tong

the United States:

of the Simla meeting:

The statistics show that groceries Although there is now consider.. in America to-day cost approxi-able agitation in favour of repeal- mately, eighteen per cent. more ing the exclusion laws in Canada than they did in April, which was and the United States, executive the year's lowest level-Reuter.

ANTI-TRUST LAWS SUSPENDED

Politics

officials in both countries have re- (From Our Special Correspondent) mained silent on the question.— United Press.

Canton, Aug. 29. The Hon. Mr. Eugene Chen, Mr. Douglas Wong, 14, Dragon member of the South-West Political Terrace, was the complainant be- Council, received this afternoon fore Mr. Wynne-Jones in the, Cen- Monsieur M. H. Donnafous, Fronch tral Police. Court yesterday, in a Consul General at Shameon; he who case in which an unemployed called at the office of the Inspector He is authorised to enter into all

Chinese, aged 26, was charged with General of Foreign Affairs..? commercial -transactions on their

New York, Aug. 28, stealing a radiator cap, from an Mr. Chen returned to Canton Behalf and, accordingly, the Gov- New York State to-day suspend-Opel car, parked in Jervois Street. from Hong Kong last evening by ernment of the U.S.S.R. will aced the anti-trust laws in order to Detective-Bergeant Fowlle said the train, de cept full responsibility for all ob- permit the full operation of the thief was arrested in Queen's Road It was authoritatively learned this ligations entered into by M. National Recovery Act within the

Afternoon that Mr. Chen's contem Osersky acting for and on behalf state's borders.

plated resignation as reported by that Government. — British

the vernçaular Press in Hong Kong Wireless.

is absolutely without foundation.

of

The step has been contemplat ed for some little time-Reuter.

West with the article in his pos- session. He told the Police where the car was parked. Sentence of six weeks' was passed.

Shanghai, August 29. quarters has announced that a Manchukuo-expedition, in which Interviewed by Reuter this after- General Tang Yu Lin ernoon, Mr. T. V. Soong denied the

The South-west Political Coun Governor of Jehol is participating, current rumours that he has nego-" has successfully completed the tiated a loan with Great Britain. cil held its regular meeting this expulsion from Eastern Chahar of He said that part of the Ameri- morning, but many members of elements alleged to have been can cotton; purchased from the the standing committee are, away. menacing the Western border of United States loan to China, is no business, was, fransacted, apart Jehol

already en route to China, but as from approving several minor rou The expedition, which presumab- the price of Aremican wheat has tine matters by General Chen Trak

Japanese troops to atliten the been despatched.- . 2

Important political developments Manchukuo forces, occupied Ku- How the American loan will be are expected in the next few d yban, south-west of 'Dolónor, on "used" has „not yet been decided, though everything seema August 25. Heavy fighting took though it will be utilised for con- obscure and uncertain at place with the enemy, who were structive purposes. largely composed of ex-followers of General Feng Yu Hsiang. The opposing forces, estimated at 5,000 men, fied before the Man,

advance, leaving dead-Reuter.

chukuo

sixty

NEW GOVERNOR OF CHARHAR

Nanking, Aug. 29. The Executive Yuan has formal- ly confirmed the appointment of General Sung Cheh Yuan as Gov- ernor of Charhar-Reuter,

ment,

COUGH LINCTUS

HIGHLY RECOMMENDED FOR COUGHS, COLDS ASTHMA, BRONCHITIS AND ALSO VERY EFFECTIVE FOR THE" PROTECTION OF THE CHEST AND THROAT, ETC.

Prepared Solely by

QUEEN'S DISPENSARY CHEMISTS & DRUGGISTS

HONG KONG