1933-11-15 — Page 9

ATTEMPT TO

CORNER GOLD

Revelation by London Times

London, Nov. 14. President Roosevelt seeks COR- trol in the international gold market--$0 much leaked ,out about the President's private con- ference with his financial advis- rs, says The "Times" Washing- -on correspondent.

The correspondent adds that it 3 argued that when the United tates abandoned the gold stand- ard it was left in a position of impotence because it did not enter the gold market, while Bri- tan, by its Exchange Equalisation Fund was enabled both to restore her own position and to determine the value of gold.

The control of the international market is sought in order that the increase in commodiy prices shall not be confined to the United States but to be so general as to

currencies.- Influence all other Reuter,

HEAVY OFFERING OF U.S. DOLLARS

London, Nov. 14.

There was heavy general offer- Ing of U.S. dollars on account of the intervention and control preventing gold currencies from weaking further. Sterling remain- ed firm. The pound is at a pre- mium of sixpence over" the franc which is included in to-day's price of gold

i

About 129 gold bars were sold at 128/7 an ounce, a decline of Bad

New York, Nov. 14. The depreciation of the dollar, which it is understood, exceeds all expectation is arousing some an- xiety. It is generally agreed that President Roosevelt's gold plan will 'be continued, but only in such a way as not to incite foreign re- prisals or affect U.S. credit.

Washington, Nov. 14.

over-

Mr. David Laurence declared that the country was in the midst of a financial crisis the gravity of

be which could not estimated. He drew attention to the effect on Government bonds, predicting the stabilisation of the dollar at a much earlier date than anyone anticipated

The Financial Editor of the "Evening Post" says that the Government cannot much longer Ignore the effect of the gold plan upon Government Bonds and the fight of capial abroad, it de especially feared that the dollar Luflation will pass out control- Reuter

SILVER MARKET

(From Our Special. Correspondent)

London," Nov. 14.

Following are the Silver Quota- tions on the London market. tq- day:

Nov. 14. Nov. 13. Spot

189/16

181 Forward......... 11 11/16 187 The London on New York cross" rate to-day closed at £-U.S. 5.211.

学

LONDON STOCK MARKETS.

London, Nov. 14- Sterling on New York, 8.20§;- Paris, 801.

Stock markets are quiet pend- ing more settled conditions,

Gilt-edged securities are fairly

FM.

War Loan 100).

Gold 128/7d-British Wireless..

Japanese Goods Seized

COUNTRY OF ORIGIN

FAKED?

Cairo, Nov. 14: Egyptian Customs Opicers are reported to have seized a quantity of Japanese cotton goods stamped, "Made in Manchester'"Reuter.

4!

RACE FOR

24

HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 15, 1933.

PACIFIC

ARMAMENTS

LIVELY DEBATE IN HOUSE OF COMMONS

SERIOUS ACCUSATION AGAINST

BRITISH POLICY

"Tragedy Of Disarmament Conference"

London, November 14. During the House of Commons Debate, yesterday evening. on the Labour Party's motion of censure on the Government's Disarmament Policy, the Labour Member for Merthyr Tydvil, Wales: Mr. R. C. Wallhead, asserted that Australia and New Zealand, after conferring with Canada and the Imperial De-` fence Committee, had begun to strengthen their defences on the coast nearest Japan, against possible attack,

נגי

British warships had been ordered to Austraila to sixeng- then the defences there. ||

As a result of this policy. Japan and the United States had begun a gigantic armament race, he alleged. Reuter.

It is understood that Mr. Arthur Henderson has already decided to tender his resignation of the presidency of the Dis- armament Conference.-Router.

1.

MR. M.

"

JONES'

London, November 14.

Last night's sitting of the House of Commons was again de- voted to the debate on Disarma- ment. The discussion

out arose

of the vote. of censure moved by the Opposition in order to venti- late the proposals adopted at the Labour Party Conference recent- ly held at Hastings...

re-

The motion was submitted by Mr. Morgan Jones, the Labour Member for Caerphilly, Wales, who after contending that the strong desire of the agreement on

been Disarmament had not flected in the Government policy at Geneva, said he cordially ad- mitted that the draft convention put forward at the Conference, by Great Britain, was the first de- finite scheme to be produced. Al- though it was not perhaps so ad- vanced as he could have desired, it was 'one worthy of full discus- sion..

Sir John Simon, British Foreign

Minister.

The heads of the Labour Party's proposals, submitted by Mr. Mor- gan Jones. were:

Complete abandonment of all

air bombing.

SEVEN

POINTS

**The exchanges of views and the conversations to which I have referred, are not anti-German, but pro-European. They are not to punish, but to establish peace," he continued.

1

PROBLEM TO BE SOLVED

The problem we are trying to solve, the way we are trying to find in this entanglement of pro- paganda, and the expectation of despair and hope, is the way to enable us and to enable the Gov- ernments of Europe and the Lea- gue of Nations to establish peace. in Europe. Whatever form these conversations may take, it cannot involve any, weakening of loyalty to the League of Nations nor any diminution of its status or authority.

our

"If there is anyone who

says that in order to deal with the present difficulties we should be asked to join in the destruction of the only existing machine for International co-operation, a ma- chine for which no alternative has ever been proposed, our re- ply is 'No.'

IN ASSASSINATION

Mr. Arthur Henderson, President of the Disarmament Conference.

HITLER TO "OF KING NADIR GRANT AMNESTY Details of Dastardly In Hope of Pacifying

Crime

Foreign Press

DEMONSTRATION

IN DUBLIN

Man Sentenced For Assaulting Woman

Dublin, Nov. 14, There were noisy scenes in the Police Court when a young man 'was sentenced to two months' hard labour for assaulting a man wearing a Flanders Poppy who attended a meeting of the Anti- Imperialist League. After sentence there was a Republican demon- stration whereupon the Magistrate ordered one interrupter to be put in the Dock and forthwith sen- tenced him to six months' impri- thesonment. When he refused to

splendid demonstration of faith" in Hitler," will not include serious political and criminal offenders.

London, Nov. 15, ' According to` kiformation re-

Berlin, Nov. 14..... ceived in London the murder of Chancellor Hitler's amnesty for King Nadir

of Afghanistan - was political prisoners, which is re- committed at a school prize-garded as probable following their giving on the 'anniversary of the execution of Ghulam Nabf, pre- sumably from motives of revenue, King Nadir, who was Becom- panied by the present King and the Minister for War, was killed 'instantly, five shots being fired at him while he was speaking to the students.

The murderer was Abdul Khalid, who wax

arrested immediately. He had previously been nader ar- rest with his father, as being -im- plicated in the plot against the late King in November last, but was pardoned.

(!

The move is understood to be a gesture for pacifying foreign opinion and encouraging amore thorough study of the present.

conditions in Germany by föreign Press-Reuter.

PLEDGED TO BACK

HITLER

prominent ad- German Captains Of Industry

policy in the Far East was er-

"Khalid's father was a servarit of couraged not deliberately but in-

Ghulam Nabi, a ferentially by the British Govern-herent of ex-King Amanullah, by ment and Conservative leaders.

He made specific mention of Mr. Amery and Sir Austen Cham- berlain.

Sir Austin indignantly repu- dlated the suggestion, while Mr. Ramsay MacDonald strongly pro- tested against the statement that the Government had encouraged Japan, which, he stated, was not true. Reuter.

"DISARMAMENT HAS FAILED"

London. November 14. In the House of Commons. yes- terday. Sir Stafford Cripps, K.C.. the Labour Member for East Bris- tol, read 2. message from the Geneva correspondent of the "Daily Herald" which quoted Mr. Arthur Henderson as saying that he had not decided to resign, but that unless the present most un- satisfactory situation is changed, he could no longer continue to be President of the Disarmament Conference,

Sir "Staford Cripps declared that Mr. Henderson's statement showed that the Disarmament Conference had failed,

The Labour members were of the opinion that the tragedy of the Disarmament Conference had the Sino-Japanese started with dispute and that the Govern ment's failure to take action in regard to the dispute had caused the first set-back to Disaramment.

The British Government should have urged the League of Nations to take immediate steps in regard to Japan's entry into Manchuria.

"As to the Disarmament Con- Re-armament in the United ference, we cannot admit that be- States and the action of Australia cause Germany has withdrawn and New Zealand in strengthen- from it, the work of Disarmamenting armaments, all arose from the aught not to go on.

"Germany's withdrawal has un- questionably greatly complicated the work of the Conference and necessarily involves consideration

refusal of the British Government to initiate action against Japan- Reuter.

of ways, means and methods, It SITUATION SATISFACTORY

would be quite unreasonable to ask the Government now and to- day for Ita final view of all these questions."

1)

No Government added

the Prime Minister, could.compel any other Government to accept the risks that it believes are too great, and Britain could not extend her international commitments at the price which might be asked for in the interests of an agreement. -British Wireless Service.

SENSATIONAL ALLEGATIONS

London, November 14. In the House of Commons, last night, the Opposition vote of cen

Total abolition of all prohibitedure was defeated by 409 votes to

weapons.

International control ΟΙ civil

flying.

Immediate reduction by all na- tions of armament expendi-

ture.

International armament super-

vision and control.

The Creation of an internation-`

al police force.

54. Bir Herbert Samuel's Liberal followers abstaining from voting.

The Foreign Secretary, Sir John Blmon declared that it was most fallacious to suppose that they were imposing on Germany. He gave as a first instance what was called the trial period.

London, Noon Nov. 14.

In winding up the debate on disarmament which preceded, the. division, Sir John Simon again asserted the Government's desire to secure a Disarmament Conven- tion which had throughout bean ternational agreement, their object Alternative to in- ha said there was no agreement which would put them back behind the Draft Convention and behind Dis- armament discussions altogether, but the British Government could only succeed in their aim by get- ting the world to act with them.

In face of dimculties innumer- able, they had with constancy and courage pursued the course that they would continue to pursue, namely to strive to secure for the world an enormous benefit which International Disarmament *80* complished by a world agreemens would bestow upon us and our children.

Private meetings at Geneva were held yesterday of the two committees appointed by the Bureau of the Disarmament Con- ference to revise the draft text of strength.

the Convention on the subject of The Government still hoped control and effectives Leading that German equality might be states and members of the disar established by cutting down closely as possible to the presented at present only by oficials, the asmament conference are represent- German level,

principal delegates having return- "The British Government will ed to their respective capitals, do. Its utmost to secure an inter-

Disarmament

agree Simon said

He emphasised that all other countries would be bound not to The definition of aggression on increase armaments, and as a re- the basis of the proposals suit, France would have to con- made to the Conference Com-siderably reduce her military mittee.

MR. MACDONALD REPLIES

J

The Prime Minister, Mr. Ram say MacDonald, who remarked that half of the contents of the. vote of censure had been borrow ed from the draft

convention, national said that the convention had not ment," Sir John been abandoned and still remain- Reuter. .ed the basis of the Geneva de- liberations.

The president of the conference, Mr Arthur Henderson expressed disappointment yesterday at the failure of the governments to MAKE A REASONABLE OFFER push forward with the convention.

Disarmament was to be at- tained, there must, he said, be an Sir Herbert Samuel dwelt on international agreement. include the power of armament interests. ng Germany. In the end there He urged the nations to make an had to be such an agreement. ozer which Germany could really

The British Government were be expected to accept. in close touch with France, Italy Germany's departure from the and the United States and In | League could and should be re touch at Geneva with other na- versed, my tions, especially the small Euro- pean nations who had a great stake in this question

The following case of notifiable disease were reported last week: diphtheris 3. (1 death), enterte 3 (1 death)}: - paratyphoid 1; men- "We ask Germany to come in ingitis 2 (1 death) There were not at the end, but now," said Mr also 50 deaths from tuberculosis. MacDonald." "We want Germany On Monday one case of enteric to be its own representative and was reported:

its own spokesmanzo

The Government's policy should be directed to securing the return of Japan to the League, the en- try of Russia and eventually of the United Blates

Moving the vote of censure, Mr. Morgan Jones aroused a heated scene by alleging that Japanese

whom he was appointed Ambassa~ dor in Angora", in 1929. In the following year Ghulam Nabi was dismissed by King Nadir. He re- turned to Afghanistan in 1933 and Was executed shortly afterwards.

Berlin, Nov. 8.-Captains of in-. dustry trade, and commerce at an impressive meeting held here last evening, attended "by over 20,000 industrialists, solemnly When the murder took place last pledged their allegiance to Chan- week the Prime Minister, the Forcellor Adolf Hitler and to line up eign Minister and the Trade Minis- behind the Chancellor in his ter were on tour in the Northern struggle for Germany's liberty and Provinces of Afghanistan to attend equality of status. the spening of the new road from

Herr von Kabul to Mazarikhalid

Krupp, famous indus- trialist,

was immensely cheered EXPRESSION OF ALLEGIANCE.

when he opened his address with a

These Ministers

tele plea for peace. He continued that graphed their allegiance to the

the outside world however will cer tainly remark of this meeting: new King.

German industry calls for peace but in reality it only aims to re- arm. Now let me declare in un- mistakeable terms before the en- tire world that the whole German Industry unreservedly and true to

at once

The expression of condolence of King George on the assassination of the late King of Afghanistan and his good wishes to King Ma- hamed Zahir Pasha on his acces- slon were conveyed to the Afghan Minister last week, and in a per- sonal message His Majesty. said.

their convictions endorses the Chancellor's and leaders's words.

I am profoundly shocked by All arms up to the very last ma- the tragic news of the traitorous chine, gun ought and can be des- and dastardly assassination of His troyed if the other do the same Majesty Nadir Pasha Gabal, your at the same time and to the same august father, and 1 hasten to ex- extent, Not only moral convictions but also economic reasons guide press my detestation of this abo- minable crime and my heartfelt us, for German's industry has condolences to the family of His proved that both before the after iate Majesty, and the whole Afghan the Ruhr invasion by the French nation 'in the sorrow and grievous troops in 1023, there is room loss sustained through this deplor- enough for the industry of a dis- able event." British Wireless Ser-armed state to be fully occupied."

-Transocean Kuomin vice.

A statement made by him to the Press was read during the Disarmament Debate in the House of Commons last night in: |"which he said he had not decided to resign, but, the present situa- tion was most uusadafactory.? C

Unless there was charge in the present situation, he could not continue as president of the Con- ference. No results were likely to be achieved with the attitude adopted by the delegations at re- cent meetings, and it was uselesa for him to remain for months ame less that attitude was changed, -* British Wireless:

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to

enter recognisances to keep the peace renewed cries of “Up with the Public.". "Up with De Valera," were raised as the prisoners were. removed. Reuter.

CONTROL OF FARM LAND

Amazing Forecast by Mr. Wallace

· Chicago, Nov. 4 The complete control by the Ad- ministration of America's farm

land, with only the rich soil to be used for agriculture and the re- mamder to be devoted to forestry, recreation grounds and residential areas, was the amazing forecast-

United made »yesterday by the States Secretary of agriculture," Mr. Henry C. Wallace.

He said that the spectacular things that the Administration had done" so far this year were faint foreshadowing: of only a some of the things which would

ultimately be necessary.

He predicted 'that the 1834 acreage of harvested crops would perhaps be 35,000,000 acres less than in recent years-Renter.

Members of the Peak Club who intend to participate in the Con- tract Bridge Tournament to be Saturday, the 25th of held on November are requested to enter their names on the Het with the No. 1 Boy at the Glub

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