AMERICAN MONETARY
BILL PASSED
Mr. Pittman's Amendment
Accepted
HONG KONG DAILY PRESS, MONDAY, JANUARY 29, 1934.
NAGASAKI FERRY
CAPSIZES
339 Passengers Believed Drowned
PARITY BETWEEN GOLD AND SILVER forty-nine tons and registered to
DOLLARS TO BE MAINTAINED
Washington, January 25.
The Senate has adopted a revis- ed amendment to the Monetary Ball by Mr. Pittman authorising Mr. Roosevelt "to maintain parity between silver and gold dollars by reducing the weight of the silver dollar by sixty per cent. and issuing silver certificates change for silver bullion, instead of actual "silver dollars.
ex-
Mr. Wheeler's amendment was defeated by 45 votes to 43. Senator Robinson's statement that it con- flicted with Roosevelt's monetary policy sealed its fate.-Reuter.
Washington, January 29.
Pittman It is explained the Silver Amendment in addition to the existing authority for unlimit- ed coinage of silver would au- thorise the President;
Firstly, to Issue. silver certif- cates instead of silver dollars to domestic silver producers and against any silver billion or dol- lars in the Treasury not then held for redemption of outstanding silver certificates and 'to
coln silver dollars in qubsidiary cur- rency for redemption of silver cer tificates
to
Secondly,
make different charges or collect different seigni- orage for coinage of foreign pro- duced silve
i
NEW POST FOR SIR ROBERT HORNE
"London. January 26. Sir Robert Horne, who WAS Chancellor of the Exchequer in 1921/22, and has been a member of Parliament for the. Elhead Division of. Giassgow, since 1918. was to-day appointed chairman of the Great Western Railway in suc- to the late Viscount cession Churchill-British Wireless,
Nagasaki, January 28. The Municipal Ferry Asahi Maru," carry 168 passengers but estimated to have over 350 on board mostly Mitsubishi dockyard workers, when coming alongside the pler at 5.20 p.m. capsized. So far there are
survivors. only eleven known Reuter. fil
FIVE CORPSES RECOVERED
41
Nagasaki, Later. Thirty of the Asahi
Maru's, passengers were sent to hospital from exposure and injuries. So far Ave corpses.. have been recovered. The authorities belleve many sturdy dockyard workers managed to scramble ashore despite the bit- ter cold, and the loss of life is not so great previously reported Reuter.
RESIGNATION OF FRENCH
CABINET
SEQUEL TO STAVINSKY
SCANDAL
EX-KAISER'S BIRTHDAY
Causes Disturbances
1:
In Germany
[Special to the “Hong Kong Dally Press" (Copyright.)]
A PACT FOR PEACE
GERMANY AND POLAND
RENOUNCE WAR
[Special to the "Hong Kong Dally Press (Copyright.)]
Berlin, Jan. 28.
The Hague, January 27, Ex-Kaiser Wilhelm celebrated his 75th birthday on Saturday at Castle Doorn within the limils oi
A ten-year Pact renouncing war, the family circle including his son, his sister and his only daugh-signed here on Friday by Poland ter, the Duchess of Brunswick. and Germany, marks the end of The ex-Kaiser who has comple- negotiations begun by the visit of tely recovered from his recent at the Polish Minister, M.. Lipski to' tack of rheumatism was the re- Chancellor Hitler on November 15.
many cipient of
congratulators messages from Princely, houses as well as from hundreds of loyal friends and admirers in Germany.
-Transocean Kuo Min.
According to an announcement signed by representatives of both countries which was, issued here on
AVALANCHE OF APPROVAL
[Special to the “Hong Kong Dally
Press" (Copyright.)]·
9.
FRANCE NOW WORRIED
At Dumping By Japanese
from
-105
Lyons, January 28. Prohibition of imports countries refusing to sign a vention laying down standard con- ditions of production is demanded. by a resolution which was unani- mously passed by the Chamber of Commerce. M. Morel, «Journel Berlin, January 27. An avalanche of approval from presiding, declared that Japanese question of all parts of the world, greeted the competition was conclusion of the Ten Years Pact fe or death. It is more serious renouncing war between Poland than dumping, inasmuch as it has and Germany. Paris," London anaa threatened permanency.
Pending international deepest
agree-.. Warsaw expressing the
ment, the resolution' demanded satisfaction.
The consensus of woopinion Japanese Import quotas to France is that not only the 'countries con- and her Colonies-Reuter. cerned, but also the world. will de- rive benefit from the Pact,
The general opinion in Germany. and in particular friends of the New Germany had the Pact as a triumph for Her: Hitler's dip- lomacy. On the other hand, the Pact is a most striking corrobora- tion of Hitler's repeated declara-
Friday night. the Treaty through a guarantee of direct ne- gotiations between the two States GEN. VON HORN REPLACED
opens a phase in political relations Berlin, January 28,
between Germany and Foland, Following the police last nightoth Governments proceeding on breaking up the celebration of the fact that preservation and in- peace be- of.. lasting surance the ex-Kaiser's birthday by mem- bers of the National Officers' Lea- tween their lands is An essen- gue, General von Horn, the Natial requisite for general peace tionalist President of the ex-Sold-
there- Europe. They are, lers' Federation, has been replaced fore, resolved to base their by Colonel Reinhardt a hundred mutual relations upon principles
"Have not friends of New Ger- per cent. Naat and a well-kown contained in the Pact of Paris of many asks the Lokaslauzeitger. participant in the Kapp "putsch" August 27, 1928, but will more ex-"tried to make the world believe and an order was issued for the actly define their application to that Germany's numerous pleas complete absorption into Naal German-Polish relationa”, ranks of Steel-Helmets who must discard their field grey overcoats for the brown Nazi uniform-Reu-
ter.
In
Both Governments declare their Intention of solving all questions by means of direct negotiations. In case controversial question: should arise which
no
cannot be
MANY CONGRATULATIONS.
Doorn. January 28. settled this way, both Governments Several bulging mail bags and will come to an understanding a number of lorries laden with as to other means of solving them. circumstances will Under flowers brought the ex-Kaiser con- gratulations on the occasion of his they. however, resort to force in
matters. seventy-fifth birthday.
order to settle such Was among the Transocean Kuo Min. " members of the Hohenzollern and other German Royal familles who arrived to felicitate the ex-ruler. -Reuter.
Thirdly, to reduce the weight of M. HERRIOT FAVOURED AS NEXT Crown Prince
the silver dollar by the aume per- centage as the weight of the gold dollar is reduced.
Fourthly, to reduce and fix the weight subsidiary coins to main- tain parity between the sliver and "gold dollar-Reuter.
Washington, January 28.
The Senate passed the Monetary Bill by 66 votes to 23. Representa- tives will consider the Senate's amendments on Monday.-Reuter.
Washington, January 28. The Senate has adopted the Monetary' BIL
:ג'
Mr. Roosevelt
requested has Congress to vote an daditional ap. propriation of 950 million dollars for direct Federal, relief and con- tinuation of civil works adminis- tration-Reuter.
FEDERAL OFFICIALS
PROTEST
New York, Jan. 27. The Federal reserve officials have protested formally against the transfer of gold from the Fe deral Reserve to the Treasury in exchange for gold certineates un- less President Roosevelt first is- sues a proclamation axing exact
PREMIER
[Special to the "Hong Kong Dally Press" (Copyright.]]
Paris, January 27. Cabinet yielded to the inevitable on The Chaufemps Saturday afternoon and handed in its resignation, following a threatening mass demonstration in front of the Palais Bon- bour in which Monarchists. Students" and Communists joined" to.prolest.
Following the Cabinet session' in which the Ministry decid- the 2 resolution late in ed to resign, 'Chautemps "delivered
present requested the who afternoon to President Lebrun
new Cabinet, is ministers to retain their portfolios till the formed.-Transocean Kuo Min.
-
REASON FOR RESIGNATION,
MUST.RESIGN
Paris, January 28.
窪
Press" (Copyright,)]
Reasons for the Government's (Special to the "Hong Kong Dally resignation were given by M. Chautemps I'm
communique which says. Since public fe at present is dominated by the Stavl- sky scandal and ensuing politi- cal agitation M. Chautemps pro posed that the Government resign
The
SILVER MARKET
ex-
BONCOUR EXPRESSES
SATISFACTION
Paris, January 27. The Foreign Minister, Paul Bon- cour expressed satisfaction
over the German-Polish "agreement to Press representatives here declar- (From Our Special Correspondent)ing how could I not be pleased with this Pact" It assists Ger- man-Polish relations very much
London, January 27..
В
YELLOW RIVER IN FLOOD
tion for peace and understanding. Ten Thousand People
Drowned
for peace are mere excuses and that Nazi Germany in reality. wants plunge the world into another war
*
The Lokaslauzeitger triumphant- ly adds that what the League and untold conferences were unable to achieve, Herr Hitler succeded to accomplish in one stroke, namely, to remove and extinguish, a most serious threat
Importance. of the Pact was stressed by all the papers here to- day who splashed the news over their front pages, relegating to the background other articles congra- tulating "ex-Kaiser Wilheim on his seventy-fifth birthday.
Boersenzeng comments that it is significant that the New Pact omits any reference to the League of Nations--Transocean Kuo Min.
Shanghai, January 27. Ten thousand men, women and children are drowned, frozen to death or
and missing in Hopei Honan Provinces in which 70 dis-. tricts have been ravaged by the Yellow River food,
In addition, thousands are re- ported homeless in the inundated districts. Freesing weather, and jagged ice-cakes swirling in the turbulent waters are endangering the lives and hampering the work of the rellef squads,
A number of boats laden with supplies of clothing and medicine were smashed by ice-blocks, and three relief workers drowned.
Reports are infrequent and un- confirmable owing to the lack of communication, but local officials of the Flood Relief Committee state that the attuation is most serious.
Following are the Sliver Quota- and sise fully maintains not only AMERICAN TRADE The river is rising rapidly.--
tions on the London market to earlier connections be’ween us and day:-
Jan. 26-27 Spot ............... 19.5/16 Forward..... 19.5/16, The London of New York tross rate to-day at 2 p... closed at 4.981.
UNRULY ELEMENTS
[Special to the "Hong Kong Dally Press" (Copyright.)]
Berlin, January 27.
and Poland but all obligations arising from our own treaty with Poland and those contained in the League of Nations Pact.".
M. Paul Boncour then described the contents of the telegram" from the Polish Foreign Secretary Back," which was delivered to him by the Polish Minister in Paris, in which' attention was called to the clause
M.
۱۴
BALANCE
Excess Of Exports $59,000,000
Reyter.
INDIAN QUAKE
DISASTER
Situation In Nepal
Well In Hand
London, January 27, Based on the London gold price which guarantees the inviolability the American dollar is now worth of all obligations to be undertaken. 62.94 gold cents, the highest price Paris, Jan. 26.
The French Foreign Minister then
since Président Roosevelt's Con- The hour appears to have struck
emphasised the continual encour-gressional message on January 5. for the Chautemps Cabinet, the
Storm troops and police were agement given by the Quai D'Orsay The United States trade returris negotia for December, showing exports ex-
New Delhi, January 28. Minister for Justice-Reynaldy who forced to clear the auditorium of to the Polish-German has shown himself to have been unruly elements during a speech tions which kept them continual ceeding imports by U.3.859,000,000 The Maharajah of Nepal reply- nable new Government to involved in the latest scandal cen marking the high point of the ty informed by the Polish Foreign
in December 1932, has impressed ing to Pandit Malaviyas' offer of assistance, states the situation is enforce inflexible justice and ad- tring round the swindler Bacaza, well-attended celebrations held on Office, Finally speaking on, the
the market. relations, the occasion of the ex-Kaiser's German-French ministrative moral reform other having tendered his resignation on
unanimously ap- Friday evening and it is generally birthday, by combined officers and Paul Boncour deplored the pre-ever, believe, that the favourable earthquake is less serious than at Well-informed quarters, how well in hand, the result of the ministers have
anticipated that Chautemps will
first feared-Reuter. proved
M. Chautemps declined Lebrun's follow suit within the next few soclettes in Berlin in the social sent delay caused by the Cabinet balance. which is attributed to the rooms of the Geological Gardens. crisis and promised the earliest Impetus given to exports by the
Chittagong, January 27. Earthquake tremors were
tel invitation to form a new Cabinet. hours and hand the Cabinet's re-
Many arrivals at the social possible answer to Germany's re-cheapness of the dollar, is ilable signation en bloc.
evening in uniform and the steel cent reply to the aide memoire.- to be offset, firstly, by the gradual here at 2 p.m. The socialist Deputy Vincent helmet organisation were accord-Transocean Kuo Min.
rise in American prices (which is
Bombay, January 28. Auriol, declared on Friday evening ed an uncomplimentary welcome
the znain object of President A forty-five year old woman is at eight o'clock in the lobbies, that by a large crowd at the gates.
Roosevelt's monetary experiment) reported to have been discovered the Ministry may be expected to since all Storm Troop divisions. M. Herriot appears to be mark-
and, secondly, by the possibility of at Monghyr alive after being bur ed out as the president's choice resign at any moment. These ra- including steel helmets, were off-
foreign competitors in the world led for thirteen days in the debris. ther sudden developments-whichcially forbidden to partake in any sident 's al mw' mw hrl mw mw
market retaliating by lowering She was immediately sent to hos- occasion for the Premiership as the Social- are all the more surprising as the ceremonies held on the
their price level-Reuter.
pital-Reter. 1sts oppose M. Daladier. but the Premier's position appeared more the secure than at any time this week
ly the gold content of the dollar. The morning newspapers are of the opinion that the release of US. $5,162,700 worth of ear-mark- ed foreign gold by the Federal Reserve Bank indicated an ex-Reuter. change of United States gold in London for British gold in the. United States, thus marking the beginning of the repatriation "of sume of the gold purchased abroad by America.
Only U.S.353.325.000 worth of foreign ear-marked gold remains the United States in compari-
HERRIOT MAY BE PREMIER
Paris, January 28.
for President will not send
son to U.S.$131,000,000 worth bc-future Premier before Monday--has been precipitated by a meet
longing to the Reconstruction Fin- arice Corporation and U.S.$45,000,- 000 worth reported to have been purchased abroad by the Federal Reserve.---Reuter,
JAPAN AFTER
Reuter.
NATIONAL GOVERNMENT
FAVOURED
Paris, Jan. 28. There is a strong tendency to- day in favour of the formation of a national government.
The President spent the morning
!!
A TEN YEAR FACT
Berlin, January 26. A ten-year pact of non-aggres- sion, based upon the Kellogg Pact, of the Hohenzollern anniversary.
has been concluded between Ger- beginning Shortly after
The
Both powers many and Poland. main oratory of the evening-- eulogy on the last Emperor Wil- agree not to resort to arms.-- helm by Count von der Goltz-Reuter. a disturbance broke out in the hall which was strongly supported by the crowd outside. Storm troops and regular police succeeded in
element Parliamentary circles are inclin-removing the riotous ed to believe that Chautemps pre while the chairman sensibly closed fers to be swept out by the Rey- the meeting to ensure mainten- naldi affair rather than by the ance of order.-Transocean Kuc
ing of the Radical-Socialist Chamber group on Friday at noon in which Reynaldi was violently attacked by his own Party friends and his immediate resignation was demanded.
MORE MARKETS! consulting leaders of numerous Stavisky scandal. Daladier ap- | Min.
Afghanistan Her Latest Object
Kabul, January · 26. A Japanese, diplomatic mission has arrived at Kabul (the capital of Afghanistan) to prepare for the establishment of a permanent to Legation and
the examine possibility of extending the scope
Imports to Afgha
Reuter,
"
เ
BRITISH APPROVAL
London January-27. Announcment that a pact of understanding has been reached between the German and Polish Governments is warmly welcomed by the British Press. Its validity is limited to ten years, but says groops including M. Tardieu.pears to be the universal choice A DRAMATIC INCIDENT
be "Times," for that period at Berlin, January 27: for Premiership, he being gener- suficiently ally considered to be
A dramatic incident occurred least there is voluntary acceptance independent and above suspicion at the gathering of the members by Germany of her Eastern Fron- to ensure a thorough house clean of the National Officers' League Llers.
which was held to celebrate The Eastern Locarno which has been ing-Transocean Kuo Min.
ex-Kaiser's seventy-Afth Birthday. so long the desideratum of Euro- been pro- yesterday. INVESTIGATION COMMITTEE ·
pean diplomacy, has
Two Gov- Shortly before midnight, lorry visionally established.
decided to base, loads of police and Nazi "Storm, eraoments have
their relations on the Kellogg Pact, Troops" surrounded the building.
and to define more precisely the When the officers, according to custom, rose on the stroke twelve application of its principles to to toast the ex-Kaiser, the police their own relationship. burst into the room, crying "hands up."
CERTAIN TO RESIGN
Parla, January 27. "The French Government's di- lemma is' almost certain to be solved by the resignation of thei
according to political. Cabinet, circles.
It is believed that the Premier, M. Camille Chaptemps, will refuse if asked to form a new Ministry.
The question of a successor has already been discussed, and M. Herriot, and
M. Daladier, both former Premiers, are mentioned as probables. method by sion which Japanese goods would be
of Japanese nistan.
The aim of the Japanese mis-
is to devise a
permitted to pass the "free zone" at Karachi without paying the
Indian customs duties.
;
It is now anticipated that the Minister of Justice, M. Reynaldy, will reaign to-day, whereupon the
Cabinet may resign en bloc.
The demonstrators were sing
ing. "down with robbers."
The Afghan Government has al- ready announced the appointmenting the "Marselllalse" and shout-
of a Minister in Tokyo-Reuter.
BRITAIN'S LOST MARKETS
London, January 26.
All ablempts to reach the Chamber falled.--Reuter.
MINISTER OF JUSTICE RESIGNS
The causes of the depression in
Paris, Later. the cotton industry were discussed The French Minister of Justice, to-day when Mr. Walter Runci M. Reynaldy, has resigned--Reu- man. President of the Board of Trade, met representatives of the spinning section of the industry at Manchester
ter:
Mr. Runciman: undertook to give improving the overseas market for careful consideration to the repre- British cotton goods-British sentations made with a view to Wireless.
H
FORMED
[Special to the "Hour' Kour Daily
Press" (Copyright.)] ....::
2
Paris, January 27 The Business Committee of the
Officers who were wearing the Chamber confirmed on Friday
uniform of the Imperial regime night its decision to appoint an extra Parliamentary. Commission were ordered to proceed. Home, of investigations to deal with the and the toast remained unhon- Stavisky scandal. It was agreed oured.
The proceedings of previous that the Commission should con- sist of 8" Deputies, 4 Senators,
years were carried out without Councillor from the Supreme interruption-Reuter.
Court of Appeal, 1 State Council- lor and 1 Public Actuary and nen-. parliamentarians..
This Commission is to be invest-
TRASURY BILLS
ed with judicial authority, and
.London, January 26.' have power to issue search war- "A total of £91,950,000 was ap- The rants for the homes of those who plied for in Treasury bills. are considered suspicious. It will amount alloted in hills at three also be empowered to call wit- months was £35,000,000. The aver nesses and subject themi to cross-age rate per cerit. 18/1.41d, as "examination and will be mu compared with 18/24 last week. thorised, whenever considered ad- Tenders for Treasury bills to a visable, to hand matters over to maximum amount of £40,000,000 the usual court, for further treat- will be issued on February 2nd ment. Transoceani Kuo Min
British Wireless.
The "Times" notes that alace Herr Hitler came into power, Ger- man-Polish relations have steadily improved and it adds that the treaty must mean cessation of the "Revision" "propaganda.-British Wireless.
A BRILLIANT SUCCESS
Special to the "Hong Kong Dally Press" (Copyright)}~
* Berlin, January 28/ Comments in the Japanese Press, on the .German-Polish peace ac- cord have been read here with great interest Japanese papers consider the accord to be a brilliant success of German diplomacy and that an understanding between Berlin and Warsaw will undoubt ediy have repercussions.—Trans- Ocean: Kuo Min.
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