1933-12-20 — Page 9

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HONG KONG DAILY PRESS, WEDNESDAY, DECEMBER 20, 1933.

RUPEE-STERLING IMPROVEMENT IN FRENCH MUST UNABLE TO MEET SITUATION IN FIGHTING IN FUKIEN

RATIO

Amendment To Bill Defeated

WORLD TRADE

Britain's Sound

Finances

RAISE LOAN

Of Twenty Milliard" Francs

Paris, December 19.

It has become more clear that

Government must

New Delhi, December 9. The Assembly. to-day defeated by 83 votes to 45. R. S. Sarmas' Ratio Amendment to the 'Reserve Bank Bill clauses which provide for the maintenance of the rupee- sterling ratio by fixing the banks obligation to buy and sell sterling.

Sarmas' amendment the mover claimed, would compet the Govern ment to introduce later & Bitional 800.000 people. fixing a rupee ratio which would gratify a widespread desire to dis- cul the rupee-sterling ratio as a clear cut issue.

London. December 18. the Speaking in a political meeting at Stoke to-day, Sir John Simon expressed the belief that it would be possible. by Christmas, to say that in the past twelve months work had been found for an addi-

Sir Leslie Hudson, leader of the European group. in opposing sald

that Sarmas' amendment aimed at 'forcing down the radio to 1/4d, be

tore the ratio clauses of the Re- serve Bank Bill came into opera- tion. Reuter.

BRITISH AIR- MAIL SERVICE

At the end of the first half of the present financial year. Bri- tain's financial position was bet- ter by £42 million than at the

corresponding date of last year.

These facts gave reason for hope and quiet confidence.

ULSTER IMPROVES

COMMITMENTS

Gloomy Outlook For Germany

Berlin: December 18.

A gloomy picture of Germany's shortly foreign trade situation was paint- raise a loan of twenty milliarded to-day by Herr Schacht, the francs to cover commitments President of the Reichsbank, re- 1934, but its success will depend plying to comments on his hints on the necessary balancing of the that Germany would be unable to Budget which is almost sure to re-

meet its commitments on foreign sult, anyway thecretically, during loan account.. the second day discussions of a three-day debate on the Bill which is expected to be approved during the week-end very much on the lines of the Chamber's text. Though the rapporteur referred to the empty treasury, the reappear

ance of the floating debt and an increased public debt, M. Bonnett declared the situation was not so critical as painted.

Performing the opening cere-

The Government, is determined mony at Belfast of the Northern to restore the country's finances Ireland Parliament this afternoon, and avoid inflation at all costs. the Governor

Ulster, the of

It is noteworthy regarding the Duke of Abercorn, said the num-loan that the hoarding of notes ber of unemployed registering for and gold in france is estimated at work during the present year had thirty millard francs-Reuter. fallen by one-fifth, the improve- ment being paritcularly marked

Extension To China in the building and linen trades.

Stressed

London, December 19. The inestimable value of British air mail service to China was stressed during an interview that Sir Kenneth Stewart had with Sir

Chamber

of

Com-

Philip Sassoon on behalf of the Manchester merce. Reporting on the inter- view Sir K. Stewart said no serious difficulties are likely to the extend- ing of the service from Singapore. further investigations were

but

A general Increase world

In trade is shown by the figures con- tained in the League of Nations' statistical bulletin.

Total exports during October were 16.3 per cent. .above those of April and imports increased by 8.3 per cent.

that The bulletin adds

while there is a continuous Improve- ment in world trade, the value of October exports was only 37 cent. of the 1929 average and that of Imports only, 36 per cent. of the average. Tremendous strides necessary before the old basis is

are

needed and which are being pro-restored. Including an end to the secuted.

restrictions now imposed.-British Wireless.

The "Manchester Guardian" in referring to the German Luf- thansa's experiments with the Trans-Asia service to Shanghai, recalls at least one machine was forced down in Mongolia and the crew taken captive. The Imperial Airways' route to China has the advantage of surveyed routes and ground facilities.-Reuter.

BRITISH EXPORTS TO. INDIA

Increase Shown. Last Year

AMERICA'S GOLD

POLICY

Defended

by Mr. Morgenthau

Washington, December 18. The very pointed criticism of the President's gold polley by the Brookings Institution has provok- ed a reply by Mr. Henry Mogen- thau, the acting Secretary of the Treasury Department,

ΤΟ

He challenged the conclusions creditors, of Germany's foreign who are disposed to the belief that Germany should be in a posi- on to keep up the present rate of exchange transfers.

ל.

no

CHARHAR

Now Reported To Be Easier

Chinese

the

!!

Northern Leaders To Join Fukien Rebels?

WILL CHANG HSEUH LIANG TAKE OVER CONTROL?

(From Our Special Correspondent)

Peiping, December 19.

confirm the reports news of the withdrawal of main body of Japanese and Man- chukue troops from the Kuyuan area of Charhar, while leaving a small detachment at Hsitenzchal. The Chinese forces," on their

Canton, December - 19. of the Foochow Jib Pao" and part, have withdrawn to Tushikow

"According to a Foochow report correspondent of the Central News and Lungmen in order to avoid

received here to-day, the repre- Agency, has been arrested by the confict.

The situation is now quiet and sentatives from the North includ- Foochow Bureau of Public Safety. Euforts are being made by Press the general belief is that it is General Han Fa Chu, Chair-

man of the Shantung Provincial circles to secure his release.-Kuo not likely to be aggravated~~~~

|-Government, General Wen Fu Lin, } Min,

Chairman of the Hopel Provincial Government and General Yen Hsi Shan, the leader of the Shansi. army, have arrived at Foochow,

ATTEMPT TO WRECK SIBERIAN EXPRESS

Herr Schacht declared that fur-Reuter. ther transfers would have to cease completely If additions to Ger- many's exports were longer possible.

Though the depreciation of the pound and the dollar undoubtedly brought a book gain of between 200,000,000 and 300,000,000 marks in the service of foreign loans, this was offset over four times by the losses, suffered by Germany in the international trade deld through the ' depreciation of 'eur-

has which

permitted "dumping" by England, Scandina-

STAY ON rency GOLD

Statement by M. Bonnet

Bandits Routed By Japanese Troope

COMMUNISTS RELEASED.

Hong Kong, December 19, It is learrit that the Fukien has · released

and have expressed the willingness bogus government

of the Northern military chieftains eight Communists, who had been to throw in their lot with the sentenced to death, and 40 others, People's Revolutionary Government who had been sentenced to life imprisonment. In addition to par- in Fukten.

doning 38 other Communist prison-

GIS.

It is stated that the Northern military leaders will shortly issue

In Western Fuklen, attempts a. Joint proclamation ∙asking

are being made to enforce mea- Harbin, December 19. General Chiang Kai Shek, Chair-

sures for the distribution of farm- In the vicinity of Sartu, 400 man of the Nanking Military bandits pulled up the spikes along Council and Mr. Wang Ching Wel, land to the peasants irrespective two rails with the intention to President of the Executive Yuan, of the ownership. Strong opposi via, the United States and Japan wreck the eastward trans-Siberian at Nanking, to relinquish their tion has been aroused among the

Herr

Schacht declared that

land-owners.--Kuɔ Min. train.

respective posts and, to discharge Germany's export" surplus over

KWANGCHEH RECAPTURED.. General Anda, KRITISON com- General Ho Ying Ching, the Imports had declined by eighteenmander received information of Minister of War. It is also learn-

Nanking, December 19. hundred million marks a COM-

An official report states that the intended ambush and despatch-ed that the Northern Generals pared with 1931-Reuter.

the return of General Government troops yesterday... ed Japanese infantry, cavalry and favour

morning recaptured Kwangcheh, artillery in an attempt to surround Chang Hsueh Liang to power. the bandits.

There is a strong rumour fabti- in North-Western Fukien, near the

General | Klangsi border, . After an all-night battle the catng in Canton that

The town had been, för a con- bandita were routed with heavy Chang Hsueh Liang is returning losses. This morning the express from Italy to join in the Fien-siderable time, in the hands of the ran over the unspiked rails and movement to unseat Gen Chiang Reds, whose occupation had been The headquarters of disturbed by the XIXth Route passed the danger zone without in- Kai Shek.

the First Group Army received a Army. cident-Reater.

millitary report from Foochow that It is officially claimed that the the troops under General Lau Wo Communista suffered a thousand. Ting, in Northern Fukien, have casualties and are now fleeing tọ- been disarmed by the 19th Routewards Taining-Reuter. Army

Paris, Dec. 19.

SILVER MARKET Another dear déclaration that France will resist any attempt to force France of the gold standard (From Our Special Correspondent)

London, December 19. was made during the Senate de-

ate on the Finance Bill

Following are the Silver Quota "We shall remain unshakeable tions on the London market to- adversaries of inflation, declared | day:- : M. Bonnet, the Finance Minister, in the course of his speech.-Rea- ter.

Spot Forward

Dec. 19 Dec. 18' 18 181 18.11/18 18.11/16 The London on New York cross rate to-day closed at

FRENCH CIVIL |5.141.

"SERVANTS Stage Riot Outside Senate

£=U.S.

SEQUEL TO GERMAN EMBASSY DISORDER

Four Youths Charged

Paris, December 19,--)

London, December 18. Over four hundred arrests were i As a sequel to the arrests made made last night following a dis- during the demonstration near civil the German Embassy in London orderly demonstration by servants against the proposed tax yesterday, four youths were to- day charged at Bow Street Police on their salaries.

Court with insulting behaviour."

Among the men taken Into London, December 18.

custody WIS M Neumeyer, the The Secretary for India, Sir.

The Brooking'a Institution, res

the Federation of Secretary of Samuel Hoare, stated in the Com-garded generally as the foremost

Civil Servants. mions to-day that the value of economic authority in the United

Police first issued a warning Indle imports Into

the from

States, déclared that not only -United Kingdom was nearly

and then broke up the demonstra- £3, was the gold polley unlikely to 000,000 greater in the year end raise prices, but it might easily tion, which was staged outside the ing March 1933, than in the pre-prove a potent factor in retard. Senate, where the Finance Bl was being debated, charging them lag recovery, Although in the six months

Mr. Morgenthau counters "the and rounding up the ringleaders.

-Reuter, ending September last there was theoretical argument by declaring a decline in comparison with the that the Government's gold-buy- corresponding period of the pre-ign programme has induced a rise whole import trade obtained

vious year.

vious year, the proportion of the of 5 per cent. in commodity AMERICAN SHIP

by

the

the United Kingdom rose from pices, with which he was satisfied.

He also announced that 35.5 to 36.8 per cent. in the arst

Treasury last week purchased period and to 41.1 per cent. in

Government 816,600,000 worth of the second.-British Wireless.

bonds and added that the price of gold had risen by sixteen per cent." and the price of commodities by 5 per cent. since October 21.- Reuter.

BRITISH DYE- STUFFS BILL

Second Reading Passed by Commons

"

London, Dec. 19. After a protracted debate, the House of Commons last night ap- proved by 245 votes to 72, the Dyestufts second reading of the Bill"

ASHORE Captain Commits Suicide

London, Dec. 18.

A drama of the sea is revealed in two wireless messages received

Three were bound over to keep the peace for six months and one, who had resisted 'arrest, was fined 10/-or six days' imprisonment. British Wireless.

ASIATIC STUDENTS TO MEET IN ROME

Congress Beginning This

Week

a

NAVAL CONSTRUCTION IN JAPAN

Jane's Editor's Comment

CHEN CONSULTS CHIANG.

Nanking, December 19. The Navy Minister Chen Shao Kuan, left for Nanchang by al at 10.30 am, to discuss naval mea-

FUKTEN.

London, Dec. 19. Japan's recent naval construc-sures against Fukien with Chiang fion forms the feature of the Kat Shet foreword to the new issue of PROTECTION OF AMERICANS IN Jane's Fighting Ships published to-day.

"Nanking, December 14. The editor pays special atten- Mr. Nelson T. Johnson, the tion to the Mogami "class of American Minister. called on Mr. cruisers, which are nominally of Hsu Mo, Vice-Minister of Foreign 8,500 tons and yet carry fifteen Affairs, yesterday when the ques- 6.1 inch guns,

tion of protection of American lives and property in Fuklen was again referred to. |♬

with

Jane's comments that it is dif- ficult to see how such a battery can be carried on a displacement

In this connection, a spokesman of 1,500 tons less than that of the Ministry of Foreign Affairs

United States by the quired

states that though no written "Brooklyn" class of cruiser.

communications were despatched llea Additional interest

to the various Foreign Legations, the Mogami class as it is a direct the Ministry had verbally advised result of the building of these the various foreign diplomatic re ships that the British Admiralty presentatives who recently called has changed its policy and is now embarked upon a programme of larger cruisers.-Reuter.

SUN FO GOING TO MANILA

at the Ministry to request adequate protection for the lives and pro- perty of their nationals in Fuklen, and to recommend 'the latter, to voluntarily evacuate the province. -Kuo Min.

JOURNALIST ARRESTED.

Hong Kong, December 19. That members of the Press are given no legal protection under the bogus regime in Fukler is con-

4.

KOREAN SHOT DEAD

Mysterious Affair In Shanghai

Shanghai, December 19. The sixth Korean to be -mur- dered in Shanghai within the last six months met his end in the early evening yesterday in the French Concession..

He was a man named Oak Bing- sin, an interpreter in the service of the French Concession Police and he was shot dead in the Can- cession by an unknown assassin.

While a political motive is sub- pected, as in the majority of the Korean, murders, the tragedy is enveloped in mystery and the French detectives who are investi gating the crime have nothing of substantial nature to go upon.

No arrests have been made.

Oak Bing-sin was visiting a friend's home. He must have been followed and observation At 6.30 kept outside the house, p.m. he opened the door, to leave and was immediately fired upon by an unknown person.

He was rushed to hospital, but from the bullet "In the

Congress of States It Is Purely Afirmed by a message from Foo-his case was hopelcas

London, December 19. The "Daily Telegraph's". Rome correspondent says it is officially announced that student delegations from every

-held Asiatic country will be Rome on December 22,

The Congress will be in session until December 27 under the aus- pices of the Institute for the Mid-

in

and Far its aim being

Private Visit

Shanghai, December 19. When interviewed by Renter this

CONTROL OF TIN by Lloyds within the last twenty-the binding together of all Asiatic afternoon, Mr. Sun Fo declared his

Reserve Stock of 8,000 Tons Advocated

London, December 19. A memorandum drawn

up by tin control interests advocating a The Bill has as its object the permanent maintenance of a re placing of a permanent basis the serve stock of about 8,000 tons of prohibition of imports into the tin managed by an international United Kingdom of dyestuffs and tin committee was discussed., yes- Immediate products.

terday, by the Malaya Chamber The measure is of considerable of Mines in London, who voted 4 importance to Imperial Chemical to, 2 favouring the proposals (ac- Industries Limited.

cording to the Financial News).

four hours.

The first message,

from the students in European universities visit to Manila, for where he is leav

The five hundred delegates willing aboard the President Pierce this American steamer Exarch, of 8,000

evening, is purely private, although tons,

include many women.-Retter. announced that the ship

he will call on Mr. Hu Han Min bad gone ashore of the North

at Hong Kong in an attempt to Cyprus.coast

persuade him to go to Nanking.

"Our engines are disabled and

we are making water," read the TRAGIC INCIDENT He will stay in Hong Kong only a

first message calling for assist- ance.

What happened in the mean- time has yet to be learned but but, later in the day a further and more startling message was re- ceived from the ship, as TollwZ:" "Captain has committed sul- cide."

The information was added:

NEAR CANTON

Car Passengers Accidentally Shot

is in no immediate (From Our Special Correspondent)

Under the measure, Imports of The reserve quota will be appor- "The ship dyestuffs and dye products will tloned between quota countries danger. We hope to be able to only be permitted under license. pro rata to their standard.. ton- | continue as soon as the weather

Dr. L. Burgin, moving the, see-nages.-Reuter." ond reading, indicated the pos- sibility of the surplus productions

of European chemical works be-

ing unloaded upon Britain.

:

Licenses for importation will only be granted, when it is shown that Britain is unable to produce what is required.

is favourable." Reuter.

WORK FOR HALF A MILLION

Back To The Land Programme In Germany

Canton, December 19.

few hours and will not go to Can- ton since Government representa- tives, had already gone there.

He is returning to Shanghal early in January, 1934, but will not stop en route.

He will be accompanied by his wife and Chen Chi Tong's repre- sentative, Yang Teh: Chao- Reuter.

A tragic Incident occurred near ANOTHER C.E.R.

Loo Kong Tung suburb, last Bun- day, when six passengers in a motor car were shot by police guards as the result of a misunder- standing on the part of both parties.

DISPUTE

Soviet Register Protest

One of the passengers, Wong Yuk Lan, popular, sing-song girl, was fatally wounded and two of BISE OF NEW INDUSTRY

her men friends were seriously in- It was stated that 91 per cent.

jured, while the rest of the occu-

Harbin December 19. of the synthetic dyestuffs now

pants in the car escaped unhurt. M. Biarutsky, the Soviet Consul- used in the United Kingdom were

The wounded passengers were im- General, has handed a protest to also produced in the United King

mediately rushed to the Dr. Sun the Manchukuo Foreign Ministry dom, while foreign imports in this

Yat Ben University Hospital at Pat pointing out that the action of particular, branch of industry nɛa

Tae Road Wong Yuk Lan, the the Manchukuo administrators re- fallen from 41,000,000 pounds in

sing-song girl, popularly known as garding the personnel of the Chi- 1913 to four million lbs. in 1937.

In refutation of any suggestion

M.200,000,000 yearly as a result of Pak Wen Sm succumbed to her nese Eastern Railway is a viola that Government policy was like-

irrigation works, sgricultural im- wound before reaching the hostion of the Feking and Mukders ly to lead to an increase in the

He adds that the action is being waste-land. cost of the British pridues, it was men and girls for twenty years is provements and reclamation of pital Ll Wei Sang and To Wel agreements Pr

Sortides Moon, an auditor of the Kwong- The cost will be more than com- tung, Provincial Bank, were im- carried out without the sanction pointed out that the average price assured by programmes of **Lab- of dyestuns in Great Britain had our and service," according to pensated by the reduction in ex-mediately operated on by the hot of the Soviet administrators, and

pital doctor and a ballet trom Li that all responsibility in the mat been reduced to Is. did. per lb. Captain Tholens, one of its lead-penditure on unemployment and a by 1928 as compared with 45, 44. ers, who declared the productivity subsequent increase in revenue. Wet Bang has been taken out from ter rests with Manchukuo-Ren-

of the soll will be increased by Reuter. per lb, in 1920-Router.

Berlin, December 197 Work for half a million young

his breast

chow yesterday to the effect that first. He had a Mr. Kao Pai Shih, Editor-in-Chief heart.Reuter.

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