1934-01-25 — Page 9

LANCASHIRE'S COTTON

TRADE

HONG KONG DAILY

PRESS, THURSDAY," JANUARY 25, 1934.

SPIES CAUGHT

H PLENARY

SESSION

RED-HANDED

JAPAN AND 4TH

MANCHUKUO

Mr. Runciman Now Interested Espionage Organisa- No Change In Past

TO CONFER WITH OWNERS AND

OPERATIVES

London, January 24.

A phase in the effort to

tion Unearthed.

Policy

Tokyo, January 23. In the House of Representatives this' afternoon Hirota stated there

Strasbourg. January 24. Labelle Sophie, otherwise Sophie Drost, a cafe proprietress, was sen- tenced to three years' imprison-is

with the ment for association alleged biggest esplanage organi-kno. sation unearthed since the war

complicity theft of

deal new pritical condition of BASIC INDUSTRY newly-dealged machine-gun which

the cotton industry opens to-day. when Mr. Runciman left for Man- chester for two days discussions with representatives of various! sections of the industry; including operatives.

Problems upon which Mr. Runct- man will hear the industry's views fall to two main heads namely,

and reor-! Japanese competition ganisation of the industry.

The fact that

the Japanese delegation has still not received Instructions to open negotiations is causing considerable impatience. as was evidenced by last night's protest demonstration.

is not Mr.

Runciman's visit interpreted as Government "inter- vention, but purely to enable him to hear the views on the spot. He wil be accompanied by a group of advisers, including Sir Horace Wilson, Mr. Browett of the Indus- tries and Manufacturers Depart- ment, Mr. A. E Overton of the Commercial Relations and Trea- tles Department" of the Board of Trade. He will stay until Friday. His programme includes meetings with the Manchester Chamber of Commerce, also with members of the Lancashire Committee on the Japanese Competition and Indian Cotton. Enquiry Committee other important trade organisa- tions.Reuter.

IN ENGLAND

Recovering On Normal Lines

London, January 23. A more cheerful review of the basic industries of the North of England than has been possible for several years, was given by Mr. Alian Paton, the Chairman, to the shareholders of Martin's Bank, at Liverpool yesterday.

He summarised the outlook as follows:-

Cotton, more hopeful. Shipbuilding, better output as- Iron and steel, steady improve- ment.

sured.

Engineering, great activity. Agriculture, decided change in outlook.

Wool and woollens, decided change in outlook.

To the gain in these directions. Mr. Paton said, yere to be added the cheering statements concern ing national revenue, and the re- newed conûdence in sterling.

He said that Great Britain's re- covery was proceeding on normal

was found in a dismantled con- dition in a motor-car she was driving to the frontier.

A German, was sentenced to five.

foreman of the years, while a fortification works to eight years. and a trooper. Reneplestan, who was accused of actually stealing, the machine-gun to three years'." Two others were given three years'

respectively.- year, and Reuter.

one

JAPAN'S BUDGET REVEALED

Totals

Expenditure

Y.2,112,000,000

not the slighest change in Japan's policy towards Manchu-

Slow Procedure Worries Canton

(From Our Special Correspondent)

Canton, January 24, Members of the Kuomintang Central Executive and Supervisory Committees living in Canton are "Our polley is to protect that impatient over the slow progress country to the last." He favoured of the Fourth Plenary Session in a definitely friendly attitude to conference in Nanking, and they China, but calm careful consi- are partiellarly insistent that their deration is necessary in dealing resolutions concerning plans for with Sino-Japanese questions the political and economic upilit of the country should be accepted by the Session.

Reuter.

NEW SEPARIST MOVEMENT

To Be Sinkiang

Independent

Moscow, January 24. A new Government has been established at Kashgar, according to a "Tass news agency report from Tashkent.

The Hotan Emir, whose domain Tokyo, January 24 is near the Indian border, is said Presented the Budget in the to support the new Government Diet yesterday afternoon, Finance which has declared itself the Gov- Minister Takahashi stated that the ernment for the whole eastern part Manchurian appropriation for the of Sinkiang Province, and has also coming fiscal year totalled Y.163,-proclaimed full separation from A merchant, Savit Domula, a Energency rellef amounted to Y.125,000,000, the Army estimates protege of the Hotan Emir, who Y.110.000.000 the Navy estimates heads the Government delegation, mutual recognition with Afghanis-

000,000.

China

9

REPLY TO FRENCH AIDE MEMOIRE

RELIABLE REPORT THAT FRANCE

IS DEFINITELY DISAPPOINTED

Statement of British Views

may be Constructive

Paris, January 24. It is reliably learned that France is defnitely disappointed in the German reply to the French me morandum on Disarmament.

It is understood. that the Ger- man reply makes no concessions to the French proposals but cour tously

presents "reasoned argu-¡sation. ments in justification of Germany's previous demands,

would

number of recruits annually train- ed dependent on "progressive re- duction of the Storm-Troops. After. from German When the motions were drafted by the leaders here, it was thought

all declarations quarters on this question to date, that they would be duly passed by the Fourth Pientary Session owing

there is little need to go exten-. sively inito, reasons why such a pro- to the fact that Nanking was solicitous of the support of Canton

position has no prospects of reali- wholly in overthrowing the rebel Fukien

It

on rest Government. But now that gov

erroneous supposition that Storm- ernment is practically overthrow

The Note further puts a number Troops possess military character by force majeur; Nanking's pres- General tige is greatly enhanced.

of questions on technical points. and even fighting value compar- Chiang Kai Shek, Chairman of the These are being studied by the able with that of the Reichswehr. Miltary Affairs Commission, has French Ministers for National De- Especially is the undeniable fact his own plans for the betterment fence and the Government's reply that the Storm-Troop party, or- of the Party and nation, which are

to Germany will be made as rapid-ganisation includes men of all ages quite different from those proposedly as the internal political situa- and all degrees of fitness, which possess no weapons but only a will' tion allows. by Canton.

Meanwhile France attaches the to guard and strengthen the Na- greatest importance to the possi-tional Socialists achievement, can- bility of the British Cabinet, to-cot earnestly be considered the ob day, deciding to make proposals to ject for International disarmment measures in an age of the highest Germany itself, in an effort to

technical developments in all the modify what is regarded in France

CABINET MEETS ON DISARMAMENT, as German intransigeance.-Reu- World's great armies.-Transocean

"

SESSION PROLONGED

Nanking, January 24. The Plenary Session of the C.E.C. scheduled to close to-morrow be prolonged till will probably

ed. Reuter. January 26, because a number of proposals have still to be discuss-

and lines, and expressed a view that Y.190,000,000 and foreign exchange has been sent to Kabul to negotiate NINETEENTH

ABROGATION OF JAPAN'S TRADE TREATIES URGED.

London, January 24.

A protest demonstration at Man- chester has passed a resolution calling for immediate Government action against Japanese competi- tion and demanding," Inter alia," that all Anglo-Japanese. cammer- a most clal treaties containing

be de favoured nation clause, nounced, and that the Dominions and Colonies be persuaded to do the same.

The demonstration was a very likely function, and was attended by several thousand, including seven Conservative members of the House of Commons.

The member for Salford, Lieut.- Com. F. W. Astbury, asserted that

a tax was useless. They wanted

prohibition pure and simple.

Mr. G. Richards, M.P. predicted

that unless something was done sweep the next election would every Cabinet member from office. Mr. Shavkleton asked why the Japanese delegation had been in Britain for several months without receiving instructions from Tokyo.

The resolution was carried with acclamation--Reuter.

BRITISH EXPORTS TO FRANCE

on

her policy of concentrating lower rates of interest had had good effects on industry.British Wireless Service,

BRITAIN'S FINANCES

SOUND

London, January 24. The latest Treasury returns show that ordinary revenue for the cur- rent financial year up to January 20 amounted to £491,784,170. At the corresponding date of last year the amount stood at £4185,620,380.

to the expenditure Ordinary same for the current year totalled £553.653,624, 83 compared with £602,818,665 at the corresponding date of last year.-British Wire- less Service.

tani.

losses Y.80,000,000. Altogether ex- penditure reaches Y.2,112,000,000.

Since the present economic con- It is understood that the mission] ↑ dition of Japan did not warrant will afterwards go to India, increases in taxation, continued The Lew Government has pub- Mr. Takahashi, it had been decid-lished a declaration of independ- ed to raise Y.881,000,000 by loans. ence and is operating under the which represented a decrease of watchword, "Banish Chinese from. Y.131,000,000 compared with last Sinklang."-Reuter. year-Reuter.

INDIAN 'QUAKE

DAMAGE Severe Havoc In Nepal

London, January 23, The India Office has been in-

ม

MÄÄNILASbabaidhe

SILVER MARKET

(From Our Special Correspondent)

London, January 24.

Following are the Silver Quota tions on the London market to-

day:-

Jan 24 Jan. 23. Spot

19.7/16.194. Forward... 19.7/16 19.9/16 The London on New York cross £=5.01.

ADMIRALS MEET formed by the Government of Indis rates to-day at 2 p.m. closed at

ON H.M.S. KENT

"Press Reports Exaggerated"

be-

With reference to the exaggerat-

that a telegram has been received from Colonel Smith, Acting British Envoy at the Court of Nepal, stat ing that the Nepal Valley has suf-

fered very severely from the earth- LONDON STOCK

quake of January 15.

He mentioned

no casualties

among the Europeans, and it is therefore presumed that they are safe. British Wireless Service. 4,000 DEATHS IN BIHAR.

London, January 24. The periodical conference

New Delhi, January 24. tween the representatives of the

The Bihar Government: hopes British. Australian and New Zea- land Navies opened at Singapore that the earthquake deaths will Harbour yesterday when the Ad- not exceed 4,000, stated a Home mirais met aboard HM.S. Kent, Member in the Legislative Assem- under the Presidency of Admiral bly The destruction of half of the Sir Frederic Dreyer, Cominander-Sugar Mills is one of the gravest

aspects in the situation-Reuter. in-Chief, China Station.

FURTHER CASUALTIES.

Calcutta, January 24. the Conference and or the defen→

The two daughters of the King of sive work at Singapore, it is point- Nepal and the grand, daughter of ed out in authoritative London the Prime Minister were killed in the recent earthquake, when part quarters that the conference, is an

of the Royal Palace" collapsed: ac- automatic and routine affair, and that the work done at Singapore cording to ir.

Is in accordance with the policy Reuter.. laid down and published many. years ago alluded to in the House

French Quotas Cause ed press reports and comments on

Dissatisfaction

London January 24. British commercial circles France, as well as Britain, con- tinue to express great dissatisfac- tion with the revised quota list of United Kingdom Imports into of Commons by Ministers on many

difference occasions.

There have been no new deve- British trade is still being carelopments of any kind and no des fully studied by Government departure from the original purely partments and interests concerned. local and defensive polley-British

France.

Its precise

-British Wireless Service.

effect On

PRINCE GEORGE IN.

MADEIRA

Wireless Service,

IMPERIAL DEFENCE IN THE PACIFIC.

London, January 24. The attention which the Singa- pore Naval Conference has attract- ed shows the crowing importance London, January 24.

of the problems of Empire policy The ss. Carnarvon Castle reach- ed Madeira yesterday morning in the seas of the Far East and the "Daily Tele- Prince George, who is travelling by Pacific, states the her to South Africa, was greeted graph" in a leading article, to- there by the British Consul, the day..

The newspaper adds that the Governor of the Island and Vice- Admiral. James, who arrived in conditions created by the forward HMS. Hood on Monday night.naval policies of the United States The Prince spent some hours and Japan need not be injurious to Terreiro the interests of the British Em ashore visiting Mount Luta, and was everywhere given an pire, but it is clear that the time hes come for careful reconsidera- enthusiastic greeting.

The voyage was resumed in the afternoon. British Wireless Ser- vice.

IRISH, FREE STATE INDUSTRIES

Dublin, January 24. Mr. Lemass, the Irish Free State Minister of Industry, speaking at Dublin yesterday, said that the Government hoped,

within

12

tion of what is essential at Singe- pore to Imperial defence.-Reuter.

NEW GOVERNOR OF INDO-CHINA Monsieur Lessan Appointed

ון

months that full requirements of [Special to the "Hong Kong Daily

cotton plece-goods would be woven in the Free State from yarn spun

in the Free State.

Press

a Nepalese official-

U.S. HOARDERS SELL GOLD

With Hope of Forcing Down Franc?

London, January 24. Another large amount of gold (789,000 sterling) was offered on the London open market to-day. making a total sold since the be- ginning of last week of well over 12,000,000 sterling.

MARKET

Rather Quiet

London, January 24 Sterling on New York 5.00 on

Paris 791.

ROUTE ARMY

Fine War Record Appreciated

ter.

TARGET OF GENERAL COMMENT,

[Special to the "Hang Kong Daily Press" (Copyright.)]

Berlin, Jan. 23. With the Germian answer to the French alde mémoire she is the

"Diplomatische

(From Our Special Correspondent), here

separation

People's

Kuo Min.

London, January 24. The Disarmament Committee of the Cabinet met yesterday after- noon, when members had before them the texts of the German reply to British questions and to the French aide-memoire." armaments.

022

A full meeting of the Cabinet

-

PREMIER IMPRESSED,

target of every sort of generalised takes place to-day-British Wire- Press comment abroad--although less Service. the text of the German note is not semi-official yet published-the

London, January 24. -Korrespondenz "!!

од It is considered probable that takes the opportunity

the British Government will, at an Tuesday to further emphasis the German position by writing "It early date, make fresh a declara ment situation. Recent Diplo cannot be the task for German tion of its views of the disarma- sources to correct the whole mass of suppositions with which thus matic exchanges have indicated that such a statement from the British should be welcomed in both

Paris and Berlin.

Canton, January 24. The South-West Political Coun- cil, the highest political organ in Kwangtung, to-day despatched

But one telegram to Chuenchow praising connection is being disseminated

the German standpoint.

A study of the French alde me- the 19th Route Army for their in the Foreign Press concerning

from the so-called

question is given lively attention Govern- Revolutionary

delivered a few days ago, together ment and requesting it to await abroad inclusion of the clause moire and the German reply to it. governing National Socialists form- reorganisation in accordance with

agreement deserving official com- questions submitted by the British -

Ambassador at Berlin at the end of. the telegram of the Council to ation desired by the disarmament with the answer on the subject to Nanking on January 22

ment."

Here one French paper already, December is believed to have im- interven-pressed the Prime Minister that a as British apcaks

statement of British views at the were tion were certainly bringing a against the People's Revolutionary comprise touching the heart of the present time could be constructive Government owing to its non- Storm-Troop question, a formula and helpful-British Wireless Ser- Kuomintang nature, they

It was learned on high autho rity to-day "that while the milltary and political leaders here

have

throughout maintained a friendly allegedly consisting in making the vice.

attitude towards the 19th Route Army on account of its fine war

record at Shanghai

YING'S TROOPS

Gold 132/104. including 10 TAKE LIKINGPU

premium..

stocks

Stock markets rather quiet. British Government steady. War Loan 3 per cent. 1013.

-British Wireless Service.

REICHSMARK QUOTATIONS

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

Berlin, Jan. 23. Reichsmark quotations (without guarantee):-

New York Paris

.........38

.8031 Amsterdami .....58.9 Parls Steling......79.65 Dollar

15.92 -Transocean Kuo Min. BERLIN SHARE MARKET

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

Berlin, January 23. Despite various news calculated Best informed quarters are in- clined to suspect a good per to create a favourable impression centage of recent gold offerings such conclusion. preliminary to tal and American hoarders" who basis of the most favoured, nations have been on account of Continen- the trade pact with Chile on the are selling now with the intention treatment and reports of Increased franc rate, which is at present in months of 1933-share market' was of repurchasing later when the tax receipts during the last nine and uncertain with the their opinion overvalued, weakens weak

Pinglo Also Threatened

Peiping, January 24.

Sun Tien Ying's troops occupi- ed Likingpu, only thirteen miles" north of Ninghsia the capital of the province of the same name. It is feared the defenders of Pingle have no option but to sur-"i render if the town has not al-1 20.

ready fallen as their retreat is cut off,

the of The Peiping Branch Military Council has decided to await orders from Nanking.

Hopes here centre on a possible mediation between Yen Hs! Shan and Sung Cheh Yuan.

Meanwhile, the

situation

At

Ninghsia town is grave as it is feared communication with Pel- ping will be severed-Reuter.

THE CANTON NAVY

The present decline in the de- majority of sections ceding com Six Torpedo Boats

mand for gold boarding purposes ground. Bond market, however, 18 due partly to the present high showed resistance. Call Money 4

franc rate and partly by the to 5. Young Loan unchanged at Ordered from Britain destre of hoarders to liquidate 954. Reichsbank 1/8 off "at. 164, their holdings in order to operate German Dye Trust 1 1/8 weaker at 124 Baltzedetfurth Potash I on the stock markets, which ex- plains the premium, being reason- down at 145. German Steel Trust ably low despite persistent official American buying-Reuter.

SIR CUNLIFFE LISTER Still Confined To His Room s" (Copyright.)]

Paris, January 24.

London, January. 24 the late to The zuccessor

Indo-China The Secretary for the Colonies, The Government had planned, Governor-General of for the coraing year, the re-estab M. Pasquier, who was killed when Sir Phillp Cunliffe Lister, whose lishment of a number of indus the aeroplane Emeraude crashed African tour has been interrupted tries, including glassware, cutlery, recently, will be State Under-Becre- by illness at Nairobi is still con: rubber goods, motor tyres, boota tary Lessan from the Ministry of fined to his room, but is steadily

vice. and shoes and pottery he said Foreign Affairs, reports l'Excelsior.' Improving.-British Wireless Ser-

Transocean Kuo Min. Reuter.

3/8 higher at 37. 7/8. German Mineral Oll declined 7/8 to 101. Blemenshalske 21/8 lower at 142 7/8.-Transocean Kuo Min.

NEW ZEALAND'S TRADE BALANCE

(From Our Special Correspondent)

Canton, January 24. Following the arrival here of two torpedo boats from England- for the Canton Navy, four more Vessels of the same type will be added to the local fleet.

Two torpedo boats have already left Southampton for Hong Kong London, January 24. en route to. Canton, while the re- These six New Zeland's trade balance, for maining two vessels will be de- the year ending December shows a livered here in June.

Army. favourable trade balance including boats were ordered last year by a currency-British Wireless, specle of 215,425,000 New Zeland special mission of the First Group

There's COMFORT

and HEALTH

in this "sort," radiant warmth

The "soft" penetrating warmth of "Beam" Gas Fires passes through the skin to the bloodstream and warms and stimulates parts that may be subject to Rheumatism, etc. This additional advantage of Beam' Gas Fires makes them the most attractive and beneficial mode of heating your home. See these Radiation Gas Fires at our showrooms.

FIXING CHARGE 00

ANNUAL RENTAL 86.00

HONG KONG, & CHINA BAS COMPANY, LIMITED

Central Showroom-Gloucester Building. Kowloon Showroom-246, Kathan, Boad, Offices West Point Telephone, 28181.