JAPANESE CLAIM
CHALLENGED
REGARDING HER ATTITUDE IN THE FAR EAST
Rome, January 25,
It is understood that the Japan-
ese Ambassador here has been in THE ILL-FATED
structed to make friendly repre- Tentations to the Italian Govern- 'ment regarding the tone of the re- cent Italian press comments on Japan.
A recent article by the Italian Premier, Signor Mussolini in the Hearst press particularly aroused the attention of the Japanese Gov- ernment.
Simultaneously, the Italian press broke its silence regarding Mr. Koki Hirota's speech on foreign policy in the Diet on Monday, with articles" challenging the Japanese -claim to be "the corner-stone of
peace in East Asia."
A typical article by Signor Forges D'Avanzati, & prominent member of the Fascist Grand Council, and editor of "Tribuna," remarks sar- castically that outcome of
" pax nipponica" Is that the United States is deciding to bulid 120 new warships, and delegates of Great Britain, Australia and New Zealand are voicing alarm at the Singapore, Naval Conference.
The article concludes with a plea for European unity in the face of the Far Eastern question-Reuter.
DICTATORSHIP NOT WANTED
London, January 25. The British: Labour Party's strong repudiation of individuals advocat- Ing dictatorship were enunciated at the conclusion of a special meeting of the Party Executive.
The Labour Party, it declares, bases its appeal to the public, on afar-reaching 'economic and so- cial change to be effected by a democratic, government, free of the electoral system of an active and efficient parliamentary ma- chine-Reuter.
DISARMAMENT
#!
PROBLEM
Cabinet Reviews German Review
London. January 25. It is understood that at the meeting of the Cabinet yesterday afternoon the situation regarding Disarmament was reviewed in the Hight of recent developments.
These included the exchanges of notes between France and Ger- many. the replies, given by the German Government to the ques- tions addressed to them "by the British Ambassador in Berlin, and the results of the conversations on the subject in which the Foreign. Secretary, Sir John Simon, took part during his visit to Geneva last week.
A very careful considération is now being given to the question of what further step by Britain can. be made to prepare the ground for the resumption of the active work of the Disarmament Conference.---. British Wireless Service.
MR. RUNCIMAN AT MANCHESTER
WEI TING
Engine Room Explosion
Shanghai, January 25. Latest' estimates in connection with the Wei Ting disaster place the fatalities at 175."
2
It will be remembered that the river steamer Wel Ting, carrying tallow and Cotton, and towing a lighter similarly laden, ran aground on a sand bar, 53 miles from Han kow at 10 p.m. on 20th. Inst.. Three hours later the vessel. suddenly listed and the tallow poured into the engine room and a powerful explosion followed. then became an inferno of fames which spread to the Highter.
The vessel
The China Merchants steamer
Klang An approached the i-fated vessel and lowered two life boats and rescued 10 members of the crew and 24 passengers who had taken refuge on the top deck of the Wei Ting. They were taken of only just in time.-Reuter.
Over One Hundred Drowned
Hankow, January 25.. More than a hundred passengers" and members of the crew of the Chinese steamer Weltung are
HONG KONG "DAILY
PRESS, FRIDAY, JANUARY 26, 1934.
BON VOYAGE
U.S. TREASURY 'LOAN
Six Times Over-
Subscribed.
New York, January 25. The United States Treasury short-term loan of U.S.81,000,000, 000 announced on Tuesday, has
been subscribed six times over.
Half of the issue will be in Trea- sury notes, at 2.5 per cent, matur- ing on March 15, 1935, and the re- maining half a certificates, at 1.5 per cent, maturing on September 15, 1935-Reuter.
The
4
ANOTHER SCHEME.
Washington, January 25. United
States Treasury Secretary. Mr. Henry Morgenthau. has announced that the Treasury notes of the U.S. $1,000,000,000 loan have been five times over- subscribed while the « certificates have been twice over-subscribed, according to figures available at 4 p.m., yesterday.
The books were due to close at midnight.
Mr. Mongenthau has simultane- ously invited bids for US$150,- 000,000 worth of 91 days' Treasury Bill, dated January 31-Reuter.
ANOTHER SILVER SCHEME.
Washington, January 25. The House of Representative member, Mr. Dies, has introduced a Bul creating an Agricultural Surplus Exchange Board to arrange the sale of farm-products abroad for silver bullion, which would be accepted at 25 per cent, above the world price, and deposited in the Treasury, as a reserve for silver certificates to be issued.Reuter.
ROOSEVELT'S GOLD BILL
stated to have lost their lives as Mixed Reception in
the result of an explosion disaster.
The majority of the victims were drawned in the icy waters of the Yangtze River, though a number are thought to have been fatally injured by the explosion.
Senate.
Washington. January 25. President Roosevelt's's Monetary Bill was debated in the Senate yes- terday,
The origin of the disaster was a fire which broke out on board the steamer during its run between Huangshihkang and Wusueh.
After three Senators had strong- Details are lacking but it ap-ly supported the measure, Senator pears that the fire caused a terrific boiler explosion which tore the hear, out of the ship, causing her to sink almost instantly, and vio- Hently precipitated all her two hundred passengers and most of her crew into the river.
Rescuing ships were soon on the scene and picked up a number of people struggling in the water in the last stages of exhaustion, but It is feared that a very great num- ber were drowned and that the death-roll will be considerably in- creased after the completion of the official investigation into the tragie
affair.
An investigation is now being
authorities. conducted by the Reuter,
Carter Glass contended that it was very inflationary, though it might temperartly raise the prices of commodities and benefit speculs- tors.
Meanwhile, the Democratic and Republican Independents, headed by Senator Wm. Borah, are 'con- sidering whether to endeavour to attach to the Bill an amendment for mandatory currency or infla- tion. or whether to press Senator Wheeler's proposal to buy silver until it reached a ratio of 16 to 1 to gold-Reuter.
Senator Borah suggested that the gold profit resulting from de- valuation should be used to pro- vide more currency."
He estimated that the gold pro- ft remaining after, the establish- ment of an equalisation" fund would permit the issuance of U.S. additional cur-
A YOUNG HERO $5,000,000,000 in
小
Commended by Prince of Wales
rency.
Senator Carter Glass protested against the irredeemable feature of currency which he described.
He characterised devaluation as invall and indecent, and declared, that the British equalisation fund was managed by three men with
in lifelong experience finance, London, January 25. The Prince of Wales, as Master while Mr. Henry Morganthau, had of the Merchant Navy, yesterday
no experience in banking, foreign commended Midshipman Timms exchange or broking.-Reuter... who displayed exceptional bravery and endurance on the Blue Funnel liner Phemius which was recently, for ve days, at the mercy of a
To. Study Cotton hurricane in the Caribbean Sea.
Controversy
So violent was the wind that the hatch covers were ripped off and the 30 ton funnel was lifted bodily out of the vessel's decks. Timms' head was cut open during the gale, when alone in the scuppers, he poured oil in a steady. volume on the water beneath the vessel's bow.. The captain declares "that failure would have meant almost" certain of the President of the Board of disaster as 1,200 tons of water had Trade, Mr. Walter Runciman, for
the poured in through **Manchester,
London...January 25. The early commencement of the Anglo-Japanese cotton negotia tions now appears more likely.
Shortly prior to the departure
open
word was received hatches.-British Wireless Service. that three of the chief Japanese cotton organisations had practi- cally decided to authorise, the Japanese delegation to open the negotiations.
Öfficial instructions to this effect are expected in the next few days.
Mr. Runciman will devote his time at Manchester to listening rather than to talking..
"There are times when it is useful to be a good listener' he told a Reuter representative before his departure and acting on his own percept, he declined to make any further statement-Reuter.
BRADFORD· FEARS, COM-' · ·
PETITION.
London, January 25.
"ONLY A RUMOUR! ·
GOAL SCANDAL
IN U. S. A.
Convicts Attempt Dictatorship
New York, January 25. Sensational revelations, exposing the worst prison scandal in the history of the United States, are expected to result from a' surprise police rald on a New York City penitentiary yesterday.
For the moment, the police are London, January 25, reticent regarding the amazing re- Persitent rumours emanating gime they found established there, from Hongkong that a British battle but they admit to several remark squadron is leaving for the Farable discoveries, not the least of East in the spring, also that the them being. whole of the Rainbow class sub- A convict Dictatorship running
destined marines were
the the prison on a sort of community
basis.
for China Station, were dismissed as baseless by official quarters when Interviewed by Reuter here to day.-Reuter.
The prisoners appear to have been permitted to do exactly what they liked.
Narcotica, alcoholic Hiquors. knives, daggers and life-preservers were discovered in the "prisoners"." cells.
Sir Alexander Cadogan Leaves
London, January 25. Sir Alexander Cadogan was given a great, send off to-day, when, with Lady Theodosia Ca- dogan, and their three daughters. he departed for Marseilles to join the Chitral which will take them to Shanghai.
ENTHRONEMENT THE NEW GOVERNMENT
OF PU YI
Unconfirmed Report Of Postponement
Pelping. January 25. * Unconarmed Chinese reports state that the enthronement of Py 1 has been postponed unitil March
OF FUKIEN
To Start Functioning in February
Nanking, January 25.
It is learned that the new Gov
Military Affairs Commission, is going
16 it being suggested that he may ernment of Fuklen under Chen Yahead with his campaign against Sir John and Lady Simon bade desire to celebrate his birthday on will start functioning on February 'farewell to him at the station as May 13, before & elevation to his ; 1.
Several Chinese
papera
The Plenary Session of the Cen- intral Executive Committee closed at 1.30 p.m. Lin Shen who was re- elected chairman of the Govern- ment, will be sworn in to-morrow morning, elder statesman Waze Hul officiating-Reuter.
well as a large number of diplo-new post. mats Including Sir Percy Loraine, Sir John Maffey. Sir William Mal- kin and a number of the Foreign Peping have received warnings Ofice staff. Doctor Chen of the threatening drastic action unless Chinese Legation represented Mr. they cease criticising P. Yi and as Quo *Tal-chi who is 1 in a nur-
a resuit, extra police have been sing home after an operation for posted to guard their offices ulcer. Dr. Chen presented Lady Reuter. Cadogan with a beautiful bouquet of roses and daffodils on of Mr. and Mrs. Quo
behalf
Str Alexander Cadogon sald was going straight to Shanghai where he will probably stay for
about ten days. He added he did not speak a word of Chinese but he hopes to be able to learn Reuter.
SILVER MARKET
From Our Special Correspondent)
London, January 25. Following are the Sliver Quota-|" tions on the London märket to- day:-
Spot
Jan. 25 Jan. 24. 191 19.7/16 Forward ..... 19.5/16 19.7/16 The London on New York cross rates to-day at 2 p.m. closed at £4.98;
BERLIN STOCK MARKET
Continues Dull
[Spectal to the "Hong Kong Daily Press" (Copyright.)]
Berlin, January 24, Despite many stimulating in fuences the share market contin- ued dull on Wednesday because buying orders were scarce: Fixed Interest securities were likewise depressed so that prices all round
showed a falling tendency.
Call Money 4 to 5%. Young Lean 5/8 weaker to 95. Reichsbank down 1/8 to 163 7/8. Dye Trust un- changed at 124. Salzedetfurth Potash not quoted, last price 145. German Steel Works dropped to 37 8. German Mineral Oll un- changed 101. Siemenshalske rose 1/8 to 143-Transocean Kuo Min.
REICHSMARK QUOTATIONS
[Special to the “Hong Kong Dilly ́Press" (Copyright.}|
Berlin, Jan. 24. Reichsmark 'quotations (without guarantee),
New York Paris Amsterdam.
Paris Sterling Dollar
37
6041 58.93.. 79.59 15.915
-Transocean Kuo Min.
BRITISH
NAVAL
CONFERENCE
Secrecy Regarding Questions of Discussion
London, January 24: Not a word has been revealed concerning the British naval con- ference which opened at Singapore yesterday aboard HMS. Kent
Nevertheless, despite the Ad- miralty's bare announcement' that the conference is "taking place automatically in accordance with routine, the feeling prevails in Britain, the Dominions and" else- where that the conference is pre- paratory to decisions of the great- est importance to the Empire, the world and also to Singapore itself. It is felt, certain that the de- liberations of the conference will determine the future of the Emga. pore Naval Base in the light of communications to the Far East, Australia, and the Pacific.
The modernisation of Singapore as a powerful base is bound to be The Economist...
included in the agenda and despite: A private meeting of House of
Early in November, 1931, I The inmates kept in regular con- the "Admiralty's traditional hush- Commons members and representa-
one cold tact with the outside world by hush policy, there is gool reason. tives of the woollen and worsted arrived at Paddington Industry of, the Bradford Chamber morning. I had with me a small means of carrier pigeons. At least to believe that the programme of of Commerce, has unanimously de- trunk that looked light, but was a hundred pigeons were found in works which the Imperial Confer- cided to appoint a special com- in fact very heavy, being full of the prison. They were used for enge of 1930 postponed will be ac- mittee to consider the problem of books. My porter picked it up carrying messages and to smuggle tively pursued at a very early date. These special works include a Japanese competition, and to re-gally only to drop it again at contraband into the prison. commend appropriate measures for once. "Lor, Miss," he said "wot The Governor and several of the double graying-dock repair GOES, the defence of the industry ave you got in ere? The Gold principal warders have already and a general strengthening of
Btandard
béen suspended Reuter, Reuter.
the defence works Reuter..
MONTE CARLO RALLY
British Motorists
Set Record
THE "NINETEENTH
KIANGSI
F
ני
the rotreating 19th Route Army around Southern Fakten and does not appear to be'mach impressed-by: the repentence of the four divisional commanders, According to local press reports, General Chiang insists on dividing up the 19th Route Army and sending them to the Kiangsi front.in connection with anti-Communist sup- pression.
Meantime, Canton is showing ita friendship to the 18th Route Army by providing administrative funds to ite FOR local office, which is functioning as
▸
usual. It is reported that the First Group Army will even continue to appropriate $300,000 a month to that
mostly Cantonese and were formerly under the command of General Chen Tsai Tong.
"(From Our Special Correspondent) Army whose officers, and men are
******
Canton, January 20, Commanding officere of the third and fourth independent divisione left this afternoon for Swatow vis Hong
with third forces. Moving up into that province are these two divisions as well as the first independent divi- sion which is already stationed
Kong en route to Southern Fakien
around Mei Hsien (Muí Yuen) and Tai Po in Eastern Kwangtung.
With these three crack division Monte Carlo, January 25. guardding Southern Fakien, there will be complete safety in Kwangtung Unshaven and exhausted but de-
The military lighted, the British motor drivers particularly Canton. brought into Monte Carlo, their anthorities here are taking every step to ensure safety to this metropolis, as cars thickly plastered with the slightest political or military com- having reached thir goal after
NO LIVES LOST
In The Wu Yuan 'Quake
Shanghai, January 25. No lives were lost claimed by the earthquake but scores of people were injured when straw-thatched dwellings collapsed in the Wu Yuan district, leaving the inmates ex-3} 2,352 miles of hazardous driving motion bas a bad effect on the money
market and government banknotes.
posed to the rigours of a bitter; from Athens for the Monte Carlo
No reply has yet been received from
winter. motor rally. They are the few Nanking to the telegram of January Meanwhile the flood waters of foreign competitors who establish- 23 issued by the South-west Political ed a record, through getting Council requesting that further hostile Honan-Chih Border continue within the scheduled time of four ities, against the 19 Route Army bytose but rehable figures regard
trig the loss of life and damage days at an average of 625 miles.
Nanking forces be suspended. Canton leaders hold the view that since the 10 property are unavailable, though A "record number of 143 com-
four divisional commanders have for the Chinese reports in this connec petitors arrived out of a total entry saken the People's Revolutionary tion to which credence cannot be of 160 competitors. It is contended Government and have declared their
given state that many villages were that ice, snow, fog, cold, dust, mud loyalty to the Kuomintang, their forces and many points are to be consbould not be further attacked. sidered before the result can be announced.--Reuter,
washed away and thousands were
drowned when those marooned ons
On the other hand, General Chiang the tops of the houses fell into the Kai Shek, Chairman of the Nanking! swirling waters like flies.-Deuter.
Ovaltine
wins the
"Blue Riband of
"O"
Quality
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13
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This is la Certify that
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AFB
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