1934-01-18 — Page 9

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DANGER OF WAR IN THE FAR EAST

MUSSOLINI SUMS UP

SITUATION

CHINA MUST BECOME A

UNITED

..

[Special to the "Hong Kong Dally

Press" (Copyright())

as 1

Milan, January 17. In an article published in the with the Popolo d'Italia dealing Far Eastern situation. Sig. Musso- A characterises Litvinoff's speech warning of December 29 signal indicating an existing dan- ger of war in the Far East which Russia and concerns not only Japan, but directly or indirectly China, The United States. En

NATION!

CATHOLIC CHURCHES

IN POLAND

[Special to the "Hong Kong Dally Press" (Copyright.)]

Warsaw, January 17. The Polish Catholic Episcopate is claiming possession of 724 Rus- sian orthodox churches which are alleged to have formerly belong-

HONG KONG DAILY PRESS, THURSDAY, JANUARY 18, 1934.

LABOUR IN GERMANY

GERMAN SHARE MARKET

THE FALL OF FOOCHOW

Details of New Law (Special to the Hour Kong Daily

Made Public

[Special to the Hong Kong Dally Press" (Copyright.)]

Berlin, January 16. Farticulars about all the essen- tials of law for the regulation of National Labour passed by the Cabinet last Friday were made known on Tuesday night by a Joint statement of Reichs Minister of Labour, Seldte and Reichs Min- ister for Economic Affairs, Schmidt. The Law contains seven sections, the first concerns leaders of in- dividual works and their confiden- tial councils, the second labour

Press" (Copyright.)]

Berlin, Jan. 16.

No uniform tendency developed on Share Market, since the quan- tity of buying orders was small, The announcement that German Railways had ordered 720 motor lorries acted as a stimulant but Roosevelt's Congress message about stabilisation of dollar without effect since purport is not understood. Fixed interest securities also dull Call Money 4 1/8 to 5 1/8 Young Loan unchanged at 95.1/2. Reichs- bank dropped 1.3/4 to 186.1/2 German Dye Trust rose 1 1/8 to Salzdetfurth Potash de- clined 1.3/4 to 150. German-Steel Trust 3/8 lower to 38 1/8. German

Siemenshalske alumped trustees, the third regulation of Mineral Oil weakened 1/8 to Individual works and scales of 101.7/8. wages, the fourth social courts of two to 142.1/2-Transocean Kuo

Min. dealing with disputes honour" and fifth right to give receive and appeal against notice, the sixth work in Public Services, the seven- th rules for regulating the transi- tion period.

Section one defines the" new relationship of employer to 'em- From now onward each function as must but the claim has now been dis-works owner miss after Ave years litigation leader, workers and office staff, as by the Supreme Court, which de~ followers. The leader mainly dir- give ects employees as chief of the team clare itself incompetent to that

The engaged in performing some unit- a decision on the question. case has been referred to the Ad-ed tasks, but la responsible for their ministrative Authority for decision. social welfare, while he is entitled to insist on their loyal support in Transocean. Kuo Min.

the working for

common good. This "section does not apply to Inland ships at sea, vessels on waterways, aeroplanes or civil ser- vice. Where works consist of more than twenty persons confidential councils must be formed to advise the leader on all measures for in- pressing emcleney of works, assur- ing safety of workers and dealing with disputes in an amicable man-

land, France Holland and Italy.ed to the Catholic community.ployed.

Il Duce goes on to say, "In closely examining the position in various Far Eastern countries, one

the conclusion comes to Japan is passing through a per- lod of Imperialistic development.

"Japan is a fertile sober, nation virtues and with strong martial an "unlimited capacity for making Her Industrial equip- sacrifices. ment is in no way inferior to that of other countries.

"China has "great possibilities for future development, once she becomes a united nation, and puts an end to the everlasting strife within her borders.

"Chinese

civil

uridoubtedly make good soldiers and the future of S well Far Eastern civilisation

as the fate of the Pacifte Ocean depends largely on the part which China will play in the course of the present century.

The significance of the agree- Roosevelt ment reached between and Litvinoft is more moral than practical. It means a warning to Japan but does not meat that Russia and America will fight shoulder if Japan should attack Russia or proceed to further con- quest in China.

Japan is not bound to any inter- national agreement and conse- quently, has a free hand alike for peace or war.

The decision depends on Japan alone. There is no doubt we are contemplating a turn in events fraught with incalculable con- sequences in the history of Asia." --Transocean Kuo Min.

GERMANS IN EXILE

Wish To Know Their Status

[Special to the "Hong Kong Dally Press" (Copyright.)

THE LITTLE ENTENTE

Proposed Economic

Pact

[Special to the "Hong Kong Dally Press" (Copyright.)|||

Prague, January 17.. An economic pact consisting of and resolutions Afteen separate which are to form the basis for a proposed economic union be- tween the three states has been drawn up by the Little Entente's

Economic

Council

125.1/2

REICHSMARK QUOTATIONS

[Special to the "Hong Kong Daily Press" (Unpyright.)]

Berlin, Jan. 16. Reichsmark quotations out guarantee).

New York Paris

Amsterdam

(with

Foreign Guards Withdrawn

Foochew, January 17. With the entry of Government forces the US. Marines returned and the British to the Tuke, Japanese armed guards are also expected to be withdrawn

Reuter.

soon.

STRENGTH OF DOLLAR CONTINUES

France May Put Embargo

on Gold Exports

London, January 17. The strength of the dollar per- After landing the Chinese Mar-

alsts owing to repatriation of Ines collisioned with d portion of American capital since President declaration, allayed the 19th Route Army on a bridge Roosevelt's

with fears of a wholesale inflation, between Foochow and Nantal near

by of covering A sharp continuance the foreign consulates. exchange of shots followed, but "bears" who are making a hand- the rebels retreated. Foochow is some proft, foreign debtors avail- now, completely clear of 19thing themselves of the cheapness Route Army troops" with the ex- of the dollar by liquidating Amer-·|

a few stragglera-ican obligations, and lastly, pur- ception of

chases of cheap American goods. The demand for dollars is ex- PESSIMISM IN CANTON

unless the 'pected to continue American Administration is pre- (From Our Special Correspondant)pared to purchase gold at the dollar price and not world price Canton, Jan. 17.

Nine- which so far is not evidenced as -With the defeat of the teenth Route Army which has ma- the bulk of to-day's London open terially strengthened General market gold was again taken by Chiang Kal Shek's stand in Nan-America "at 131/6 equivalent to king official circles here are very the dollar under he U. S. price at

official current rates. pessimistic towards the

Doubts are entertained meted sanction of the proposals out by the member of the Central whether the gold taken from the Executive Committee of the South Bank of France and offered to the American authorities with a view west

to realising an arbitrage profit can be accepted at the U. 8. price.

38.42 604.05

59 80.34 Paris Sterling ......

The Canton proposals are based Dollar

15.62 Transocean Kuo Min, upon Mr. Hu Han Min's manifesto issued on December 15, suggesting the complete reorganisation of the in Nan- political administration king, the division of the country the en- into three sections for forcement of political tutelage in- dividually and the appropriation of an educational fund of $100,000 to subsidize the Sun Yat Sen Uni- versity.

SILVER MARKET

(From Our Special Correspondent)

as to

The depreciation of the dollar. though temporarily injurious to British trade, is not considered dis- turbing. The Gold bloc is expect- ed to suffer more though France appear to have taken the news calmly.

It is pointed out in city circles that if withdrawals from the Bank of France become menacing, France would probably declare

non-Gold Standard countries Reuter.

It is anticipated that consider- London, January 17.able conflict between Nanking and an embargo on exports of gold to

Following are the Silver Quota- Nobody can belong to the conn-tions on the London market to- cential council until he has attain- ed the age of 25 and has a good record.

".

Section two providing for the creation of labour trustees by no- mination aims at speedy settlement at all large-scale industrial dis- putes, but will also intervene to prevent unnecessary dismissal of workers on a wide scale, four weeks Lotice of such intentions having to be lodged with labour trustee be-.

fore such dismissals can take ef

Lect.

day:-

Spot

Forward

Jan. 17 Jan, 16

194 184 191 194

The London on New York cross rates to-day at 2 pm, closed at

U.S. 85.081.

d

おまんちゃんまま

STOCK MARKETS WEAK

the Southwest will arise "after the conclusion of this important Kuo- "ing conference as the demand General for the resignation of Chiang Kai Shek and Mr. Wang Ching Wef the president of the Executive Yuan in Nanking, which of the most vital item is one

from the among the proposals Southwest, will not be passed at the meeting.

It is stated that the leaders of the 19th Route Army are keenly awaiting the close of the Fourth Plenary Session and should Can- ton break Its relations with Nan- Trans-Atlantics Not So Good king they will throw in their lot

with the Southwest.

J.

London, January 16. Sterling on New York

was

and besides a professioanl judge quoted at 5.08, and Paris at 80. REICHSTAG FIRE

Permanent which is now meeting here.

Courts of Honour" deal with The new pact will probably be concluded on Wednesday and will cases of the misuse of authority of leader for the humiliation degra- from retroactively as operate

dation, and self respect of worker, January 1, "It is understood the pact will set up a monopoly for consist of deputtes from Leader and the importation of agrarfan pro- tcllowers. Such Courts may punish duct. The export Czecho-Slovak-offenders by solemn warnings, re- ian industrial goods to Yugo-Slavia primand, fines up to 10,000 Marks, and Rumania will be increased withdrawal of the right of leader .considerably in exchange for cor- to continue acting in such capa-

responding quantities of agricul- city, or even expulsion from the tural products which, however, art' works altogether.-Transocean Kuo not to be consumed by Czecho- Min. Slovakia herself but are to be sold by her to other countries. Fur- ther details of the pact, which will presumably be published on Thursday are not yet available.- Transocean Kuo Min.

AUSTRIAN NAZI SENT TO PRISON

Vienna, Jan, 16. Herr Frauenfeld, the former Nazl inspector in Austria, has been sentenced to six months' im- prisonment, Herr

יי.

TO ENCOURAGE LARGER FAMILIES

[Special to the "Hong Kong Dally Press" (Copyright.)]

7/16d.

Gold

131/6d. at

-show

a decrease of 3d., including a pre- mlum of 10d, over the French franc. Stock markets were rather cent.. weak. War Loan 31 per 101t. Kaffirs down slightly in the absence of fresh support and with

the weaker French franc. Trans- Atlantics were not so good.-British Wireless Service...

CHANG HSUE LIANG

Expresses Admiration. For Il Duce

[Special to the "Hong Kong Dally Press" (Copyright.11

TRIAL

Communists Demon- strate in London

[Special to the Hong Kong Belly Press" (Copyright.)}

London, January 27.

The police were called upon to- day to deal with a Communist front attempt to demonstrate in

About of the German Embassy. 150 demonstrators attempted to march into the Embassy from the open spaces opposite the "Mall, the object being a protest against the acquital of the three Burgar- lans in the Reichstag Fire Trial.

Several hundred mounted and

Darmstadt, January 16. The provincial Government pass- ed a decree by which a free-seat for the opers is given to every

Shanghai Jan. 17. mother of 3 children or more. By this means it is expected to cope

Field Marshall Chang Haue Llang returning from Europe, stressed the with further decrease of birth-rate. prosperous conditions of Italy and This is a very epitome for the Hit- expressed his admiration for "I foot police formed a cordon round the German Shattenfrok, lerite meaning of socialistic Well- Duce" and his work owing to which the approaches to another Nazi leader, has been sentare-Transocean Kuo 'Min.

Rome has become a centre of In-Embassy and dispersed tenced to three weeks' imprison-

ternational politics.Transocean monstrators. Transocean ment, Both were charged with

Min. Kuo Min. legal, Nazi activities.

La

COMMUNIST SENT TO

PRISON

[Special to the "Hong Kong Dally Press" (Copyright/)]

+

Bera, January 18. Replying to enquiries now rea- ching Berlin from many thous ands of refugees in foreign count- ries desirous of returning to their fatherland and wishing to know what their status would be, the Chief of Secret Police published a statement on Tuesday evening Herr Frauenfeld was recently re- 'making the position clear. Ac-leased from a concentration camp, cording to the new code regula and it is belleved that his re- tions, those refugees who fled be-arrest was due to pressure brought cause they

were guilty of some on by the Chancellor, Dr. Engel- criminal offence wiit upon re- | bert Dollfuss, "by the "Heimwehr.” turning be liable to prosecution in Reuter, exactly the same way as though they had never left the country, Nationals of other countries who had" immigrated from neighbour- ing states of Eastern Europe with- in the last fifteen years; had settled in Germany but had fled at the outbreak of the revolution will be assembled into concent- ration camps until their últim- ate disposal or repatriation is finally decided. Refugees" who were active Marxists before leav- ing Germany and continued the agitation against the nation while abroad will be treated in different The decision of the employer order of the state. Transocean ways according to their conduct will prevail unless vetoed by the In foreign countries. Finally those trustee of the Labour Front, who acted under moral persua- Reuter.

sion of others or cut of ex- aggerated fear who had not been politically active before leaving Germany and engaged in no anti- German incitation may return to Germany without fear of conse quences. A large number of emt- grants especially those who have no grounds for self reproach have

NEW GERMAN LAW

Berlin, Jan. 16.

Leipzig, January 18, "Ludwig Renn" author of seve- ral war books has been sentenced to 2 years and 9 months hard- labour, on account of high-treason. Ludwig Renn is descended A new German law is to be an- from aʼnoble-family, he became a forced on May 1, which, inter alla member of the communistic-party. makes strikes illegal and the fate in 1928 and spread communistic of the workers depend solely on ·Ideas in German officer-circles. the decision of the employer, sub- In his own organ he confessed to lect to advice from the Advisory have published decompositive ideas which highly endangered good

Kuo Min.

Workers Council;%

LIVING STANDARD OF MINERS

the de:

Kuo

IMPORTANT ANNOUNCE- MENT EXPECTED

Regarding Enthronement

of Pu Yi

Changchun, January 17 thronement of the Manchu King An important announcement is is unlikely to modify public opin- expected, on January 20, probably ion in favour of the Japanese revealing Mr. Pu Yi's answer to policy, declares The Times" ex- monarchical petitions. It is sigui pressing its opinion on the forth- ficant that Mr. Pu Yi is at present coming coronation of Mr. Henry redoubling his study of Confucian Fu YI in a leading article, to-day. political moral, analecta and of

The newspaper asserts that the China's great Chow Dynasty,;

Although the new dynasty as European and American opinion planned at present is an executive will require. more evidence" than form of Government a preserved a mere change of title by the ele- assurance prevalls that Manchukuo vation of the chief executive to, is, not altering her existing boun- the Throne.

in Inner-Mongolia The step will not make Man- darles even which will be left intact, she is preparing two million posters for chukso any less a client state of anroad; and ave milion the paper states

At Nanking and in South China nearing in the emigrant Press intion of the Swiss Foreign Office, To improve the living standard for Manchuria, some of the distri foreign countries, that no less than Stuck, will reach London on of the miners in the West German bution will be by arroplanes, Reu- this re-amrmation of the Japan 215.000 persons in Germany, are

small farm-estates tem these refusal to accept even the most shadow Chinese suzerainty WILL-NOT MODIFY" PUB.IO detained as political prisoners is Friday and will discuss with the coal districts

DEAR OPINIONE Dover Manchukue will hardly im denied, official lists revealing that British Government questions" re are now under construction around garding the German transfer the western cities, by which the

London, January 17. prove Japanese-Chinese relations. the total number now in defen-moratorium British Wireless Ber-families of miners will benefit.

Outside of Manchukuo. the en-Reuter. tion is not more than 10,000- Vice. Transocean Kuo Min..

already returned. Statement an-

GERMAN TRANSFER

MORATORIUM

London, Jan. 17. The head of the Economic Sec-

[Special to the "Hong Kong Dally Press" (Copyright.)] ·

Aachen, Jan 18.

Transocean Kuo Mina

RISE IN GOLD SHARES

"

City opinion regarding President Roosevelt's message to Congress recognises that the measure an- nounced is immediately directed at the American internal situation, and that time will be required to 8.53ess its wider repercussion.---- British Wireless Service.

GERMANY HANDICAPPED

Berlin, Jan. 17. German bankers and exporters are of the opinion that President not Roosevelt's manifesto does change the situation in Germany.

They point out that as long "as,, the pound sterling is not defnite- ly stabilised, world currency un- certainty must continue.

Moreover, if the dollar is to be stabilised at a basis of 50 to 60 per cent. of its gold value, exporters will be unable to calculate prants exactly, so that German export trade will reznain as severely ham- nered at present-Reuter.

MONETARY BILL EXPLAINED

Washington, January 17. The United States Treasury Ses cretary. Mr. Henry Morgenthau, and other experts, have explained the provisions of the Monetary Bill, which has reached the com-. mittee stage, to the Senate Banking Committee.

The latter have requested the Attorney-General, Mr. Homer 8. Cummings, to give a written opin- on on the legality of "comman- the Federal Reserve's deering " gold.

The request was made after the. Democrat members had sharply challenged its validity.

Senators Carter and Glass dia not consider that paying the Fe- deral Reserve with a special type: of gold certificates could qualify as "just compensation.""".

The Chairman, Senator Fletcher, has announced that the Committee

London, Jan. 18. American currency developments were much discussed on London Stock Markets yesterday, and the hold a secret hearing to-day. tone, in most departments, was The witnesses will include the somewhat hesitant. Gold mining Governor of the Federal Reserve shares were the exception, and Board and the well-known econo- rose sharply early in the day with "mist: Professor Rogers--Reuter. gold increasing 3/3d. to 131/90. per fine ounce.

close

Considerable profit-taking at the mainly accounted for the sharp reaction, and several lead- ing shares finished the day un- altered....

British Government stocks closed dull with warloan, 34 per cent.. down 3/16 at 101 7/16. Intera tionals finished under their best.

REPUBLICAN OPPOSITION.

Washington, Jan. 17. The Republican Senate caucus, headed by Senator McNary, has demanded an adequate hearing on

monetary President Roosevelt's legislation, but has deferred the adoption of a definite attitude.

The Democratic majority are confident that the legislation will be easily enacted. Reuter.

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