1933-11-17 — Page 9

GOLD PLAN TO

TO

BE

BE

FULL

TRIAL

SHREWDEST

STRATEGIST

AMERICA'S

POLITICAL

Inflation Cannot Come Too

Soon

New York, November 16.

President Roosevelt intends to give the Gold Plan a full and unfettered trial, assisted exclusively by sympa thetic officials, and Washington correspondents hail the President as "probably "America's shrewdest and fertilest political strategist."

Mr. Dean Acheson is alleged to have been very surprised when he learned of his resignation and says he is no more doubtful of the wisdom regarding the Gold Plan than others who are remaining in the service, on account of persons' devotion to President Roosevelt.

Mr. Acheson a friend of J. P. Morgan and the other bankers who" denounced the Reconstruction Finance Corporation purchases of gold as illegal. Mr. Mor gonthau is an intimate friend of President Roosevelt and ad ex-pupil of Professor Warron of the Brain Trust.

WALL STREET DUMBFOUNDED

14

Official comment on yesterday's, sale of gold abroad. developments are not forthcoming but Senator Harrison holds that "Inflation cannot come too soon, while Senator Thomas is con vinced that when the dollar is devalued fifty cents it can be stabilised through an International "Agreement and silver may be used to enlarge its monetary basis. Wall Street Was 'dumbfounded and the financial editor of the "Herald Tribune declares there is no prospect of halting the flight from the dollar until the gold policy is completely reversed.

Mr. Leith Ross has sailed for home, pessimistic regarding the possibility of a War Debts settle- ment and also regarding the United States financial cutlook- Reuter.

The Liquidation of the Morgan Bend Pool is believed to reflect Wall Street fears of inflation. The fight from the dollar is hastened by a report that Britain, is cor- sidering an Emergency Legislation to keep out the United States. Refugee Capital. The New York American opines that the be- haviour of the dollar does not necessarily indicates the impotence of the gold policy because the Re- construction Finance Corporation could still withdraw substantial amounts of dollars through the

EXPERIMENTAL “SEADROMES”

To be set up in Atlantic

Washington, November 16.

Mr. Daniel States Secretary yesterday,

C. Roper, United of Commerce, announced that the Public Works Administration had allotted U.S.81,500,000 to build a "seadrome," 500 miles Atlantic Coast, for experimental

purposes. .

from the

Mr. Roper said that, if the ex- periment succeeded, seadromes 1,250 feet long would be placed at intervals of 500 miles across the Atlantic towards Europe.

The total cost was estimated at $30,000,000,

be

Landing facilities would available to any commercial com- pany or private individual at equal schedule rates.-Reuter,

AMERICAN-SOVIET RELATIONS

Atmosphere More Favourable

Washington, November 16.

The two conversations between

Break In Cabinet.

New York, November 18. The Arst break in President Roosevelt's Cabinet, which is re- garded as the Iclipse of the sound money bloc, has initiated a crop of reports of dissension ranks of the United States Gov- in the ernment. including the rumoured resignations of Professor Sprague, one of the President's advisers, and Mr. Eugen Black, Governor of the Federal Reserve,

The retirements of the Secretary of the Treasury, Mr. William H Woodin, and the Under-Becretary of the Treasury. Mr. Dean Ache- son, have created but little in- terest on Wall Street, although Mr. Woodin's withdrawal is con- sidered to be facillating a more vigorous currency campaign by

HONG KONG DAILY PRESS, FRIDAY, NOVEMBER 17, 1933.

GIVEN

MT, W. H. Woodin who was regard- ed by the French as a brake

to their ambitions,

the inflationists who, lately, are becoming more vocal.

"Washington reports state that Mr. Henry Morgenthau has pro- claimed his unwarvering support of President Roosevelt's policy of buying gold at home and abroad in the hope of raising commodity prices.

According to the New York "Sun" Mr. Morgenthau favours having the dollar's gold content and is opposed to early stablisa- tion of the dollar-Reuter.

FRENCH REACTION

Paris, November 15.

In French circles, Mr. Woodin's exit is regarded as a success. for the inflationists, who have re- garded him as a brake to their ambitions.

The French money market s unaffected, and the present action

BRITISH POLICY IN CHINA

Letter to the "Times"

London, November 18.

the Government's vagueness re- garding the debate in the House

GERMANY'S DESIRE

:

For A Peaceful Settlement

Paris. November 16. The Petit Parisein publishes an document

CHEN MING SHU “I AM A CITIZEN OF MANCHUKUO!”“”

Establishes A New

Government

Chinese Dancer's Statement In Court

!

Shanghai, Nov. 16. Indignation was local Chinese circles when Yiu expressed in Chiu Lien, a taxi dancer, at the Second District Court described

Mr. William Nunn, MP. 1 a

(From Our Special Correspondent) letter to the Times, comments on the desirability of ending the British Legation's splendid isola-nileged confidential

Canton, Nov. 16. . tion of Peking and the residence

Press dispatches from Foo for the Minister in Nanking of sent to German agents abroad. by chow stated that the indepen- Shanghai where he may reside for the Central Propaganda Bureau dent government of Generul six months every year. Stressing authenticity is guaranteed" by Chen Ming Shu will be kuo

in Berlin. The document, whose

herself as a citizen of Manchu- the Petit Parisian.. instructs formally established on Nov. Yin, who is suing Lily Kao also agents to educate public opinion ember. 20. General Chen will taxi dancer, for two thousand to adopt a favourable attitude to be the Commander-in-Chief told the Court, "I am a citizen of dollars damages for alleged assault,

stirred by the statement and the Manchukuo."

court was

attorney appearing for the defend- ant demanded an immediate dis- that Manchukuo citizens are not missal of the action maintaining entitled ta protection of the law.

The case was adjourned for Judgment on the 18th Inst.

of Lords, on China, he says that

if our policy is to succeed, it must be framed in China with facts as the Minister sees it, not as ima-

wards Germany's claims,

cuperation of all territories round chow, Kwangsi, Yunnan and The Oral objective is the re- of troops in Fukien, Kwei Germany, harbouring the man Minorities and the tion of colonies.

Ger-

restitu- Kiangsi.

to

ad-

All efforts must be directed to upsetting Franco-British relations.

gined ten thousand miles

AWBY. The Minister must keep in close touch with the leaders in Nan- king, and not be a veiled personality

The policies of the new obtaining information and form-analagous to that from 1910

The present foreign-policy is born government is to resist ing conclusions second hand.-- Reuter.

1913 and the irreconcilable

foreign invaders and to bring versary is France.

peace to the country. eral Li Chai Shum, former Gen. The document points out that military ruler of Kwangtung, all German claims can only with will arrive in Foochow to difficulty, be satisfed by negotia-morrow and will be given an (From Our Special Correspondent) tions but Germany

ready to

is not yet important position in the obtain satisfaction by other means, for outside consump government. tion must be forcibly stressed and Germany desires nothing but a peaceful settlement-Renter.

SILVER MARKET

5

London, November 16, Following are the Silver Quota- tions on the London market to- day:

Spot Forward

Nov, 18 Nov, 15

18.5/16 18 181

181 The London on New York cross to-day closed at £=U.B.

rate 5.47.

DISARMAMENT QUESTION

of the British Exchange Equalisa- Discussed by British

tion Fund is appreciated as main- taining that stability of sterling which is of far greater import- ance to Paris than the dollar- Reuter.

WOODIN'S "LEAVE OF ABSENCE."

Cabinet

"

GERMAN-POLISH

PROBLEMS

Direct Negotiations to Commence

Berlin, Nov, 16. As a result of the Conversations

have es-

new

It is also said that the Kuo mintang in Fukien will be re- pudiated in favour of a People's Party, as the leaders

there hold the view that the Kuomintang has existed long enough without accomplishing any good result.

Supporting General Chen Ming Shu is General Chiang Kwang Nai, Chairman of the Fukien Provincial Govern. General Thai Ting

.ment.

ན་

between Chancellor Hitler, in the Kai, officer commanding the presence of Baron von Neurath, 19th Route Army, is also loyal and the new Polish Minister, Herr to General Chen but is not Joseph Lipski, an an agreement enthusiastic of an independent has been reached bearing impor- London, Nov. 16.

tantly on European peace.

government. General Chen is The Cabinet, held two meetings that the conversations

An official statement declares utilising the influence of the yesterday, and reviewed the Dis-tablished a full agreement by both 19th Route Army to invade armament situation.

While the Government, la in

Governments to take up direct ne-neighbouring touch with

provinces not the French, Italian, problems.

gotiations on all German-Polish friendly to his cause, United States and, it is believed, the German Governments, with a

In order to consolidate view to finding means of bringing nounce the

peace of Europë they will rê back Germany to the Disarma- Justing mutual relations-Reuter.

use of force in ad- ment Conference and the League henchman, the well-known fin- Treasury. His ancier, Mr. Henry Morgenthau, is turning from Geneva fh the direc- of Nationis, opinion in ministerial circles is believed, at present to be not expected to seriously opposetion of preliminary talks between the President's financial plans.

Washington, Nov. 16. The leave of absence" granted to the United States Secretary of the Woodin, is regarded as

Treasury, Mr. William H.

Roosevelt. who now becomes the a purely face-saving device for President treat head of the

Offcial circles are of the opinion that the Under-Secretary of the. Treasury, Mr. Dean Acheson has resigned voluntarily to make room for Mr. Morgenthau, bút officially, his resignation is attri- buted to his opposition to Prest- dent Roosevelt's currency policy- Reuter

1117-

ASSAULT ON MRS. NO NEWS OF MR. DOROTHY HARDY

Son Detained By Police

Paris, Nov. 16.

FERGUSON

Over A Year In Bandits' Hands

London, November 16. In the House of Commons, yes- terday, the Foreign Secretary. Sir John Simon, informed Mr. Wii- lism Mabane, the National Lib- eral member for Ferguson who

Hudderaneld, that he regretted that the Rev. was captured by bandits at Chengyangkuan, in leased. The case Had been kept May. 1932, had not yet been re- constantly before the Chinese au- matter.thorities, he said.

Mrs. Dorothy Hardy, wife of the Speaker in the Canadlari Senate, is in al nursing home following an attack on her car outside her police after he had reported that garage. Her son is detained by the he himself was attacked. by an unknown assallant. The son was later charged with assault and battery. Senator Hardy himself

the

is investigating Reuter,

Sir John Simon mentioned that a report stating that the Rev. Ferguson had been killed in Sep- tember, 1932, had been received, confirmation of this-Reuter.

COLD SNAP IN but it was impossible to obtain

AMERICA

Twenty People Reported Dead

New York, November 16.

the special Soviet envoy. M.! Twenty people are dead as the

Maxim Litvinoff and President result of the bitterly cold snap

Roosevelt, yesterday, have created

impression

which is being experienced a more favourable atmosphere, throughout the United States,"

There is a general that the Soviet has agreed to dis- Western Pennsylvania has ex- cuss the problems bearing on the perienced one of the

heaviest American Soviet relations with snowfalls in history. 41 inches be- out making outright recognition ing recorded-Reuter.

an indispensable prelude to un- derstandings on those problems.- Reuter:

MORE SHIPBUILDING

New Cruiser Launched

·BACON IMPORTS (<

CURTAILED

London, November 18. The House of Commons. last New Jersey, Nov.” 16. night approved the Bacon Import The ten-thousand ton cruiser, Regulation Order, which, in the Tuscaloosa was launched here to absence of agreement among báo day. She is the afteenth ship con-producing countries for the built under the Washington-Lon-voluntary curtailment of importa don Naval Treaties.

The keel of the new heavy cruiser was laid at Quincy Mass chussets. Reuter, ́ ́

PALESTINE RIOTS

To Be Investigated By Commission

Sir

many and France. individual natons, especially Ger-

London is mentioned as a pos- sible venue for the discussions.

Rumours of current Cabinet dif- ferences in regard to Sir John Simon's handling of the Disarma- ment, problem are rife, but the report that Sir John Simon will resign is not regarded seriously in responsible quarters.-Reyter.

CONCESSIONS MAY BE MADE TO GERMANY,

London, Nov. 16. A determination to prevent the Disarmament situation from drift ing was evident at yesterday's Ca- binet meeting.

It is believed that Germany, through diplomatic channels, has given a fresh assurance of her goodwill and authoritative British opinion is moving strongly in the direction of practical concessions to the German view-point.

Intergovernmental conversations are to be continued with the im- mediate objective of gaining a rap. proachment of Franco-German opinion preliminary to general agreement.

A meeting of representatives of the principal Powers at Rome la regarded at present as more like- ly than a conference in London- Reuter,

TWO CABINET MEETINGS,

London, Nov. 18.

A meeting of the, Cabinet was held yesterday morning, primarily, for the purpose of reviewing the work of the new session.

A further meeting was held in the evening, when It is understood the disarmament situation was again ander review-British Wire- less Service.

SENT

HARMAN

TO GAOL

the

Result of Conspiracy

of

to Fraud Trial

MERELY PROPAGANDA

Canton, Nov. 16.

General Yu Han Mou, command-

The

Yin's statement was the subject of editorial comments in Chinese

papers who join in denouncing her as having a slavish instinct" by proclaiming Manchukuo cipspen- ship.-Reuter,

A TUG-O'-WAR

Opinions Divided Regarding Japanese Policy

on

to

Nanking. November 16. A tug-of-war between

is going the Central Political. Council and the Legislative Yuan Chiang on the one hand and General

Kai-shek Ching-wei on the other over the and Wang over the question of policy ward Japan

The first group headed by Mr. Sun Fo is against submission and friendship courting Japan's favour.

with Japan while Chiang and Wang insist DI Sun's stand is backed by T. V. Soong, Li Shih-tseng, Chang Ching-Klang, ard Tsai, Yuen-pei.

The pro-Japanese group is toud in their demand that Mr. Huang Fu be appointed minister of for- eign affairs-Central Press.

ing officer of the first Kwangtang THE M.C.C. AND

Army, will remain in Canton in order to that he may have his foot trouble attended to. Yesterday he went to the Pearl River Sanitarium for treatment and later returned to his home in Tungshan for a rest.

According to General Yu's alde- de-camp, the situation in South London, Nov. 16. Klangst is peaceful, hence there The trial of Martin Coles Har- is no immediate necessity; for the man and the other directors General to return to the front. He the Chosen Corporation, said that the Reds are spreading charged with conspiracy to de- rumours of their southward drive, fraud shareholders by means of but that is only propaganda- transactions with Japanese sub-Central Press, sidiary companies, ended at Old Balley yeterday.

Harman was found guilty by the jury on a twenty-one counts. in the indictmnt and sentenced to eighteen maths in the second. division.

B. F. Conigravels found guilty. of conspiracy, wa recommenda- tion to leniencyfnd was sentenced to six months th the second divi- ston

H., Pounds, bairman of the Corporation, and G. Changeat were found not guiltyReuter.

·HOME RUGBY

Hampshire Beat Middlesex

London, November 16, Hampshire, County Rugby champions for the last two sea- sons, narrowly beat Middlesex by 9 points to at Bournemouth yes- terday in the Championship.

Eastern Counties drew with Sussex at Ipswich, each side scoring two tries, and Kent beat. Burrey by 20 points to 19 in the other two county games.

Cambridge University were al London, Nov. 15. so engaged in a close match, The President of the Disarma-beating Guy's Hospital by 8 points ment Costerence, Mr, Arthur Hen- to 6--Reuber.. derson, after consultation with the

MR. HENDERSONS COMMUNIQUE,

Vice-President and the rapporteur, RESTRICTION OF RUBBER has issued a communique stating that the rapporteurs entrusted with specific tasks by the Bureau at its meeting of 11th November, found themselves confronted with

Jerusalem, November 15, The High Palestine

Commissioner fox Arthur Grenfell Wauchope, yesterday announced the appointment of a commission to investigate the recent diaturb- | dimenities, the settlement, of which ances in Palestine.

The commission will be presid- ed over by Sir William Murison, former Chief Justice of the Straits Settlement-Reuter,

SWEDEN WITHDRAWS FROM TARIFF TRUCE

of bacon Into Britain, was made by the Prealdent of the Board of

Helsingfors, November 18, Trade on November 7-British decided to withdraw from the The Government of Sweden has Wireless Service;

world tariff truce-Reuter

appears to require a previons solu- tion of certain political problems, and that they will be in a position to hand in their reports only when they have consulted the heads of the delegations who are not at present at Geneva-British Wire less.

Britain Not To Attend Conference

London, Nov. 15. afternoon, replying to questions In the House of Commons this

by Mr. Rankin, Sir Philip Cunliffe- Lister, said there was no question of British producers attending the rubber conference to be, held at Batavia on November 22

The conference was confined to officials in the Dutch East

answer on July 11 when he said Indies. they included the general asset of As regards the Government's exporting countries and the restriction polley, the conditions

the scheme should be administra-factory cheme were atated in his of the producers, and also that should be fulfilled by any satis adhesion of a substantial majority which in the Government's opinion

Hively Practicable, Reuter, 'ds" (Continued by previona, Columns

CHANG "HSUEH LIANG IN LONDON

London, Nov, 16, General Chang Hsuer. Liang had gimon at the Foreign Office this a. cordial interview with Sir John morning.--Reuter,

AUSTRALIA

Cable Sent To Headquarters

Melbourne, November 16.

meeting of the Australian Board At the conclusion of 'a special of Control, it was officially stated that Marylebone's cable has been considered and the Board are seriding a cable to the M.C.C., the text of which will not be an- nounced till the MC.C. has had a chance to consider it-Beurter.

Melbourne, November 18, There is reason to believe that

on the the Board's cable, does not ad- versely affect the 1834 tour but other hand it largely clears the way.-Reuter.

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