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SIR JOHN SIMON AND MUS- SOLINI IN AGREEMENT
Disarmament Discussions Should be Concluded
ADANDONMENT OF VEXED ISSUES URGED
Rome, January "5.
British Foreign Secretary is leay- It is learned that Sir John Ing to-day for London, where he
will arrive to-morrow afternoon.
A cabinet Meeting will be held when Ministers early next week will discuss the result of the talks,
A Communique sued in Rome, late last night, stated that in two long and cordial conversations. yesterday and wednesday, Major and General Political questions were
particularly examined and
of the of reform the question League of Nations.
Simon and Signor Mussollal have decided that the most urgent problem facing Europe was the rapid agreement on Disarmament and Reform, the League question being of secondary Importance to be undertaken if necessary after an agreement on the disarmament problem, the solution of which must satisfy
legitimate the claims of France and Germany, The reform of the League must aim at-strengthening its structure. Sir John Simon in a statement to the Press Indicated that he was impressed by the general recog
that до nition by all statesmen country stood to gain by the failure to reach an agreement on Disarmament.
Sir John Simon found perfect good faith everywhere, the..con- versations both in Paris and in Rome have been of much value.
HONG KONG DAILY PRESS, SATURDAY, JANUARY 6, 1934.
ROOSEVELT'S BUDGET
Subject Of London Comment
London, January 5. President Roosevelt's Budget is generally interpreted in London as inflationary and no surprise was caused by the astronomical figures to which the ordinary standards of "economies are not applicable.
A leading banker says that it is the best thing President Roose
The inflationary velt could do." effects are considered unavoidable as the banks whose deposits are bound to swell owing to the large expenditure by the Administration will be forced to swallow some of the Government issue to invest in increased deposits.
It is thought that President Roosevelt is not likely to overdo the inflationary tendencies, thus losing the advantage over France, England and other countries us forcing them to adopt "retaliatory 'measure.
As regards the first question, the
The exchange market does not head of the Italian Government expect any heavy fall in the dollar considerable and Sir John Simon found them-hut there will be selves fully agreed that it is ab-fluctuations within six months
dis- with an
easier trend with the cussions should be concluded at dollar predominating. solutely. indispensable that the earliest possible moment, aban-
The Stock Exchange is generally indifferent as implications in the Budget is not fully understood and Interest in American shares is no longer very large but there is a speculative demand for
anticipated. As expected, the in- stock, especially Copper shares as crease in purchasing power will entall some large investments in capital goods.
doning any idea or proposal that does not contain elements which can be practically and rapidly realized and directing attention to
It is understood that no actual those points which by now must be considered as nature by inter- plan to reform the League was discussed, Signor Mussolini indi-national public opinion and which cating the lines on which the re- form should be effected.
Sir John departed at noon for London via Paris and will be sub- mitting the proposals for the coh- sideralon by the British Govern- ment. Reuter.
"1
Rome, Jan. 4. The British foreign secretary, Sir John Simon, and the Italian Premier, Signor Benito Mussolini, are in full agreement that the discussions should disarmament
can be approved by interested states.
common
CABINET CRISIS IN BELGIUM
King Albert Intervenes
Brussels, Jan. 5.
FRENCH QUOTA REGULATIONS
British and American Exporters Annoyed
under
new
The Federation of British In-
CHANGES IN FRENCH
CABINET
May Be Caused By
Mammoth Fraud
[Special to the “Hong Kong Daily
Paris, Jan. 5. Chausemps' Cabinet will probably nave undergone some slight changes as a result of Anancial scandal in
Press" (Copyright"}]
cording to reports published by various papers, appears to have existed between the trresistible Stavisky and "Volante's" chief
dustries met yesterday afternoon Bayonne when Parliament reas editor Dubarry who is said to hure
London, Jan, 5.. British and American exporters The intervention of King Albert of Belgium has apparently led to are already up in arms against a solution of the acute political, the French Government's drastic
quote regulations. crisis over the question of the new reinstatement of. 74 Government which foreign' quotas are reduced officials who were dismissed for by 75 per cent, while 134 alleged unpatriotic conduct in war categories of merchandise, eri- bracing many classes of goods. time.
are subjected to quotas "After a five-hour meeting. the Cabinet announced that the Gov- ernment had unanimously agreed to the suggestion of the King for the appointment of a Commission of three Magistrates to investigate that the orders will affect Britai the cases of these officials, there to the extent of some mins It was decided to refer the mat- by averting. the threatened "re-every year. signation of the Cabinet, which is
of ter to the Grand Council, with a Dri the question divided
view to deciding what retaliatory The Flemish Catholic Minis-measures should be recommended reinstatement
upon whom the Premier, to the British Government,
·A message from Paris states ters,
that the American Embassy will Comte de Brocqueville, depends for a majority, have insisted on
strongly protest against the new reinstatement.
quota changes.-Reuter
The ex-Service Ministers are firmly opposed to reinstatement.
and took an extremely grave view of the matter.
It is estimated
The situation is complicated by rumours, which are officially dent- NEWSPAPER COMMENTS ed in regard to the lack of de- fence on the Belgian Foreign Minister, M. Paul Hymans, in his conversations in Paris, recent favoured the toleration of Ger- many's claim to increase her arm-
ed forces. Reuret.
4.
SILVER MARKET
As to the question of reform of
Commodity markets stress the From Our Special Correspondent) the league the head of the Goy- ernment indicated the lines antikelihood of a rise in commodities, which this should follow with the resulting from cheapening the cur- object of securing a better work-rency being considerable.-Reuter, ing of the League more lä keep- Ing with its aims-British Wire- less..
be concluded as soon as possible ANGLO-JAPANESE
with the abandonment of all pro- posals which are unlikely to find general approval.
realisation.
and.
prompt
This statement was made in a communique issued after a ban-
quet at the British Embassy here, last night, concluding "two long cordial conversations." Only those points should be concentrated on which are considered right in International public opinion, the Communique adds.
#I{
NEGOTIATIONS
May
Start At An Early Date
London, Jan. 5. The Japanese Ambassador to Signor "Mussolini also outlined proposals for reform of the League London, Mr. Tsuneo Matsudaira an interview with "Reuter," of Nations
The banquet was attended by yesterday, on the Indo-Japanese the Diplomatic Corps the leaders cotton agreement, thought that of Italian Society and the British the atmosphere in which the colony. Sir John Simon is stated Anglo-Japanese negotiations will open are more favourable to be satisfied with his visit now
than previously. "Reuter.
SIR JOHN SIMON LEAVES ROME
London, Jan 4. Sir John Simon had a further talk with Signor Mussolini last evening.
1♪
ANGLO-SOVIET TRADE PACT
Conversations Con- tinue in Moscow
London, January 6. Following are the Silver Quota- tions on the London market to
day:-
Spot Forward
Jan. 5 Jan. 4 191 181 19.3/16 191.
The London on New York cross rate to-day closed at £-VS. 5.121.
KAFFIRS FIRM
London, January- 5. Sterling on New York was quoted at 5.14-and Paris at 82 while gold stood at 127/60
London, Jan. 4. Conversations on the subject of temporary Anglo-Bovlet a new Trade Agreement are continuing in Moscow between Lord Chilston, the British Ambassador, and re- presentatives of the Soviet Gov-Kamrs ernment,
No new points or fresh issues
these conversations, which are have been raised by either side in
standing at the outset of the strictly confined to problems out- negotiations and which have been discussed in London in recent
A number of these issues re
He expressed an opinion that there had been too much dispost-months. tion" in Great Britain to blame Japanese competition for the bad state of trade, and with a better promise of trade in the New Year a more reasonable spirit seemed to prevail.
Ambassador re-
According to present arrange- As regards the accusations of ments the British Foreign Secre-cheapness, the tary will leave Rome to-day. He marked that bicycles at £1 and will reach Paris to-morrow morn-
hats at 1/3d. would never wear, ing and will proceed immediately
whereas the Japanese like the to London by aeroplane, arriving British goods because they last, during the afternoon-British
Japanese industrialists were Wireless Service.
anxious for an amicable agree- ment to avoid a disastrous tariff
A FINAL INTERVIEW
[Special to the "Hong Kong Daily Press" (Copyright.)]
Rome, January 6.
main to be settled, but consider able progress has been made- British Wireless Service.
LITVINOFF'S PROPOSAL
REJECTED
Finland have rejected M. Litví- nos proposal that the VASH. and Poland should guarantee the status quo of Finland, Esthenia, Latvia and Lithuania-Reuter.
#
war that would spoil the relations No Reply to Britain's
with their old British friends. Reuter.
MIXED
RECEPTION IN LANCASHIRE
London, Jan. 5.
to the
Despite the reaction
definite price advantage over Lancashire.
Other industrialists, however, welcome:
Mussolini and Sir John Simon met again late Thursday afternoon Indo-Japanese cotton trade agree for a last interview, before thement which was reached at New British statesman's departure. No Delhi on Wednesday, some quar official communication concerning ters in Lancashire fear that the scope or result of conversations is tariff reduction will give Japan a su far forthcoming but it is sate to say that Sir John Simon fui- filled his mission by a frank dis- closure of every Information ne- eessary for the clearing up of the European situation. It is stressed in diplomatic quarters that actual results of the Rome discussions will only become known when the British Cabinet meets next week to hear Sir John Simon's report and discuss Britain's position in the European tangle Transocean
Rome, Jan. 6.
Much satisfaction · is expressed in the Italian Press at the result of Mussolini's“, coversations with
Bir John Simon which, according to the Corriere Dells Béra, have been "eminently constructive."
Protest
Stock markets quiet but steady. War Loan 34 per cent. 101.11/16. notably firm. --- British Wireless...
SILVER LEGISLATION
· TO WAIT
Washington, Jan. 5, After a talk with President Roosevelt yesterday, regarding the
proposal for the free coinage of silver in the United States, Sena- tor Robinson declared that he did not expect any silver legislation during the current session congress.--Reuter.
of
POLITICAL CRISIS IN RUMANIA
repeatedly intervened with Dali- mier on behalf of the Russian racketeer. Stavisky's whereabouts report are still uncertain. One which stated that the swindler had crossed into `Portugual appears to have been somewhat premature as Lisbo.. wired last night that no trace has been found of Stavisky anywhere in the country-Trans- ocean Kuo Min.
A TRUSTED FRIEND
Paris, January 5. The Stavisky swindle became the most important business of last Thursday when nation Premier Chautemps conferred with one member of the Cabinet after another to insure vigorous action in order to clear up what promises
sembles next Tuesday, it being generally, assumed that the Minis ter, for the Colonies, Dallmier will have no choice but to resign in order to prevent members of the Cabinet being involved in the in- vestigations into the affair. Dall- mier, who, in letters widely made use of by the dazzling swindler stavisky, had warmly recommend- ed the municipal credit bonds of Bayonne as a good investment, issued a statement on Thursday declaring that he had never met Stavisky and had written the let- tera at the request of the Minister of "Commerce, Durand, who on his part asserts that he had no re- collection whatsoever of the mat- Although na information has
ter. The sums which Stavisky and been obtainable in British official his gang realleed on these faked quarters in London as to the con- bonds are estimated at between to be one of the greatest scandals tents of the French Clovertiment's four hundred and fre hundred of this century. The newspaper reply to Germany's request for in-
million francs. The greater part "Liberte" continues to lead the creased armaments and a revision of the loss will have to be carried fight to expose the political rami- of the Versailles Treaty, some of by insurance companies who un-fications of the Brobdingnagian Radical- the newspapers state that the
derwrote the bonds. It is a cur fraud by charging the French reply indicates a substan-fous fact that two leading Radical- socialist deputy, Bonnaure, who "Alexandre " to and accompanied ... tai advance towards meeting Ger Socialist papers, "Volonte" many's points.
Ere Nouvelle, which are close to Budapest a year ago, of introduc-. The Foreign editor of the News Herriot, are devoting only a few ing him into the foremost Hunga Chronicle says the new French lines to the affair. In the case of rian circles as a trusted friend of proposals provide for disarms-Volonte" this may be explained the "French Government.--Trans-
stages until by the close friendship which, ac- ocean Kuo Min. ment by successive equality is reached with Germany. and that the reductions to be agreed on would be not only in personnel but also in material, and would begin at once that is to say without any so-called trial period. Furthermore" as earnest of her destre for peace and neigh- bourly relations - with Germany, France offers to scrap half her Air Force immediately. These new offers must be dependent on the acceptance all round of a general disazmagment convention and sub- ject to certain 'conditions and safe-" guards. Automatic and periodic supervision of armaments already accepted in principle by Germany would for instance come into Japanese machines in operation from the first."
CHARHAR AIR RAID
THE LATE CARL MELCHIOR
[Special to the "Hong Kong Daily
Press” (Copyright, )}.||
A memorial
Hamburg, Jan. 5.
service was held
Japanese Version Of here today honour of the late
Bombing
banker, Carl Melchior, partner in the well-known banking house of Warburg and Warburg. Herr War-
Melchior's burg outlined
Arie character and the valuable services; he rendered freely to the solution - of Germän and International: economic questions. Professor Mendelsohn-Bartholdy spoke BD- preciably of the skill and efficiency which the deceased had displayed as a delegate of the Reich under Fils whole trying circumstances.
Peking, Jan. 5. Reports of aerial bombing by Charhar come to hand in Chinese reports The New Chronicle? considers from Kalgan. the new offera mark a striking
It is stated that the bombing advance on the previous proposals took place on Tuesday, a number and are calculated to impress the of aeroplanes appearing overhead opinion as reason able and even Three bombs only were dropped power had been devoted ever to generous.
In the Chibcheng garrison dis-his Fatherland. Transocean Kuo The "Morning Fost" gives much trict, which was recently abandon- Min. the same version of the French Led by the rebel leader. Liu Kuet- proposals and considers they re-tang. -present gumiciently
substantial
that five
The reports allege concessions to "serve as touchstone persons were wounded and several of Germany's real intentions. houses damaged.
British Wireless.
COAL MINE DISASTER
The planes later few to Kung- three more chiachwang where bombs were dropped, with results unknown.
ዶ
BRITISH SILVER FOR
BULGARIE :
London, January. 5. The Royal Mint of London is to supply silver coinage for Bulgaria, Blanks for coins and master dies The Chinese newspapers credit Japanese officials with the ex-will be made at the Royal Mint and the actual striking of the coins [Special to the "Hong Kong Dallyplanation that the raids were in-
Press" (Copyright.)]· tended to assist the Chinese au- will take place at the Belgrade thorities in dealing with Lin Kuei- Mint under supervision of the Coins will consist of tang and that the wounding of Royal Mint.
quaternary alloy-British innocent persons is deeply re- British gretted-Reuter.
Prague, January 5. An uncheckable are is raging Bercely underground in Nelson, and three mines in Northern Czechoslovakia were closed last
Titulesca May Form Thursday Weak signal taps from
Cabinet
[Special to the "Hong Kong Daily Press" (Copyright.}]
the one hundred and sixteen im- prisoned coal miners forces lead- ers of the rescue squad to admit that access to giant subterranean London," Jan. 4. No reply has yet been received
death chamber is doubly blocked by huge masses of caved-in earth from the German Government to
and increasing clouds of poison the recent protest by the United
gas, which may only be uncovered Kingdom Government against the
after Eve days of uninterrupted Rumenia, Jan. 5. action of German Reichsbank in varying by unilateral action the A semi-oficial statement, issued digging. If ventilation conditions corner of blocked gallery existing agreement with British on Wednesday night, urges nations near and other holders of German long
to refrain from pessimism when through some miracle admit of and medium-term loans, and in commenting on present situation ife, miners, according to medical discriminating against British in Rumania, and states that experts, could hold out for a creditors
Titulesca will form a cabinet at maximum of six days on the sup- The United Kingdom Govern- an early dateTransocean Kucply of nourishment taken into nient have notified other Powers Min.
First, that the way is open to an Anglo-Japanese meeting as soon as the Japanese are ready.specially interested in the matter, LITTLE EXTENTS CONFERENCE
Secondly. that the growing including the United States, of Japanese ports to India have the action they have taken and [Special to the Hong Kong Daily
J
definitely been Ümited.
Thirdly, that the Indian Government is now free to con-"] clude an Anglo-Indian agree ment regarding cotton and ar- tificial silk,
Lancashire is all ready, with plans-Reuter.
COMMENT ON INDIA PACT.
London, Jan, s However desirable agreements
have exchanged views.
The answer of the German Government la awaited with in- terest in London where, it is hoped, there will be no further delay-British Wireless Bervice.
NEW GERMAN TRIUMPH
In order to obtain practical re- may be of themselves they can, at [Special to the "Bong Kong Dally sults, the paper says it was indis- best, only canalise the cotton
problem," says the Financial News," commenting on the pros- pects of an Anglo-Japanese cotton agreement.
M...
Press" (Copyright:)]
Press" (Copyright.}]-
Bucharest, January 5.
shaft on Wednesday, Mining specialists, however, discount to Zero the possibility that breatha ble air remains in entire area of burning cell. Almost to a man, Entombed labourers--as was the case with the fifteen whose corps- It is reported that the Little es have already been extricated Entente conference originally are fathers of familles since the scheduled to commence on January miming company recently dismissed 8, will meet according to programall bachelors in order to ease the me. Transocean Kuo Min. financial distress of the neigh
bourhood. The cause of the" cat- astrophe is likely to have been careless lighting of a cigarette, as OPEL MOTOR CAR WORKS) the danger in coal dust explosion was recognised as so great that last month the company forbade making or the striking of un- necessary cares of any type. All to survive but they are unable to our rescued minera dre expected establish the basis of the original explosion. Transocean. Kuo Min.
181 NOW REPORTED DEAD --- The report published by the Duchov, Czecho-Slovakia, Jan. 5,
Report Of Sale Denied Special to the "Hong Kong Dally
Press (Copyright.))"},"
Berlin, January b.
pensabl eto abandon plans which were too ambitious and pre-sup-
Kiel, Jan. 5,-2 posed "a hundred per cent results" The paper goes on to say some-
A new triumph in German ship- building is represented by the The old difficulty remains for thing, if only a little, must be ac-
Lancashire,namely, that the most motorship Toulouse, built by complished. Hence it is necessary important great Oriental marketa. Deutsche Werke pare for, & Nor to abandon all impractical issues which she grew up to supply are wegian shipping arm and which
Musolini is aiming at infusing now entirely self-supporting or has just been delivered to her London periodical "The Autocart is officially announced that new life into the League of Nations active.exporters
de to the effect that the German 122 miners perished in the coal which in this case would be capable The actual content of the cotton The new 10,000 ton metership, coverment is planning to pumine disaster here, which was of carrying out programmes as agreement between India and whion is worked by three Diesel chase the Opel Motorcar works in caused by an explosion of fire signed to it Transocean Kuo Min Japan is less important than the engines of 300 h...and which can Frankfurt-now controlled by the damp, cre
London, Jan. 5, fact that an agreement has been attain, when fully loaded, a speed American General Motors Com The explosion which-rocked the reached, as failure would have of 15 knots, per hour. She leaves panya oficially denied here as whole town, set fire to all four intensified competition and Kiel on Saturday for Australia wholly without foundation shafts, minking rescue work im
posable-Reuter Transocean Kano King will-Reuter
Sir John Simon and, Bignor Mus solini concluded their conversa tions in Rome last night and the
-owners by madada
Transocean Kuo Min.
Wireless.
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