1934-03-09 — Page 9

ARMY ESTIMATES SHOW INCREASE

Mechanisation Scheme To Be Pushed Forward

London March 8.

The Army Estimates amount to a gross total of £45,373,000, less appropriations in aid amounting to 5,773,000, representing a net increase of £1,650,000 compared with last year.

Personnel number 149,500 which is an increase of 80,000.

A memorandum by the Secretary for War observes that the estimates are £330,000 less than 1931. Therefore the Inergased provision is still not equal to the reductions specially made, to meet the 1932 crisis.

The increase will be devoted to modernisation of coast and other defences in continuation of the »programmic for mechanisation, building up sultable stores reserve, and improvement of barracks, particularly the replacement of erected hutted accommodation during the Boer War and the Great War, and · Increased training. facilities.-Reuter.

London, Mar. 8.

The Army Estimates for the coming year amount to £39,600,000, An increase of £1,650,000.

The Estimates are still £330,000 less than those for 1931 and the Increase over last year is not equal to the reduction especially made in 1932 to meet the financial crisis.

The Civil Estimates for Home £18,038,305 Departments totut compared with £15,863,607-British Wireless.

COTTON TALKS IMPASSE

Latest Position Outlined

· London, Mar. 8. Conversations between delega- tions representing Lancashire and Japanese cotton and artificial slik industries reached a definite im- passe yesterday on the geographical scope of the discussions and, in view of the gravity of the problem, it was agreed to adjourn the meet- ing until to-day. The delegates met this morning and after twenty minutes session adjourned till next Wednesday.

Lancashire Delegates, following, a private meeting met Mr. Walter Runeiman, President of Board of Trade last evening and explained the latest phase of the negotia- tions.

The British case for a world- wide scope for discussions as against confining them to British Home and Colonial markets was examined and

TRANSFORMED

CARGO®

· FRIDAY, MARCH 9, 1934.

UNEMPLOYMENT SCOURGE

HONG KONG DAILY PRESS,

IN

PRECAUTIONS

MADRID

Severe Tension

Gold Turns Into Cement

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

POUND AND THE weight was checked to a

DOLLAR

London Rumours

New York, Mar. 8. Rumours in London of an in- formal understanding between London and New York to keep the pound and dollar stable; while dis- credited in New York financial quarters, are largely attributed to the presence in London of Mr. Jacob Viner, Professor of Chicago, which is regarded as a preliminary to his acceptance of a position in

the U.S. Treasury.

Bankers here declared that under the present conditions no efforts to stabilise the pound and dollar is necessary.

Responsible city circles in Loa- don attach little importance to the recrudescence of rumours, though, as Mr. Josiah Stamp concluded in a speech at Stockholm con March 7, all opinions are converting towards a return of the gold standard at the proper time and under proper conditions-Reuter,

BRITAIN'S PROBLEMS- OF INDUSTRY

1

4:

Polz

(Special to "Hong Kong Daily Press") (By Telegraph, Copyright, Ordinanca, graphic Messages

Received, March 8, 720 p.m.).

Madrid. March 8.

189-

Lessons At The Fair

(Special to "Hong Kong

INVESTIGATION INTO PARIS RIOTS

Remarkable Allegations Against Ministers

Daily Press"} (By Telegraph, Copyright, Tela

1993. graphic Messager Ordinance,

Paris, Mar. 8 Received, March 8, 7.30 p.m.)

An allegation that M. Frot, Berlin, March 8.

Minister of Interior in the Deladier The unanimity with which the Government, tried to recruit team campaign against men ranging from ex-Communists next national

to ex-Royalists on whom he was the scourge of unemployment is being prepared is strikingly proved able to personally rely was made by the fact that almost all Cabinet by M. Chlappe, ex-Prefect of Ministers as well as Hitler himself Police, in evidence at the Riots have visited Leipzig Fair indivi-Inquiry Commission. dually, some having paid more He said that he warned M... On Thursday Daladier to this effect and also one visit. than morning, Foreign Minister Von that, a wealthy member of the Neurath made ELMI exhaustive Cabinet had been asked to provide inspection of the engineering sec- funds for arms to the Extreme tion of the Fair.

Left elements, but he refused at M. Chiappes request.

London, March 7. The goldship from Bulawayo,

A state of severe siege was pro- bringing a gleaming load valued at two million pounds to swell the claimed on Wednesday night by bullion reserves of the South Afri- the Government as a counter-move can bank in London, made port to the announcement by the Fed- here on Wednesday with the trans-eration of Socialist Trade Union- formed cargo which included a stiff ists foreshadowing a federal strike. The Government's action marks a assignment for Scotlan. Yard,

On opening the 200 strong boxes, new phase in Spanish labour's for ↓ forty-four-hour one 'was found to contain only fine struggle mixture cement and nalls whose week which will culminate in a centi- one-day protest strike on Friday and all other gram, with that of the companion by construction

glittering workers and printers in the city packages containing masses of gold. The heavy seals on and province. the rifled packing displayed not The Federation of Trade, Union- the least sign of tampering. Theists made known the fact that all police are investigating.-Trans-

affiliated organisations will wholly ocean Kuo Min

support comrades if the protest strike should really decide on a London, March 8. mysterious disappearance general strike, then under a state of severe siege, public speeches of 930 ounces of gold, valued at

ver £66,000 was discovered yes-will be forbidden and the censor-made

8.8. Bal- the Union Castle liner terday, when a gold shipment from ship of the Press resumed. moral Castle, reached London from South Africa.

The

One 'box," supposed to contain gold. was found to be filled with cement of a similar weight.

The Spanish Minister for Home Affairs declared that these steps and precautionary were merely

For the formal inauguration of this year's national anti-unemploy- ment campaign, fixed for March 21, the Reich Chancellor has an- nounced his intention of holding a programme of speeches when the lines of the concrete plaris will be public.--Transocean Kuo

Min.

should not cause uneasiness. The U.S. Government simply took precaus-

tions to secure means that would The gold came from Bulawayo make a general strike impossible. and was loaded off at Southamp-It was' stated that Press

ship would not in reality be exer- ton.

censor.

In as much the seals on the cised. It may be assumed that box containing cement were apparently intact, the presumption is that the theft occurred in South Africa.-Reuter,

SILVER MARKET

(From Our Special Correspondent)

London, March 8. Following are the Silver Quota- tions on the London market to- day:

March 8 March 7

20.7/18 201 20.9/16 20.7/18 The London on New York cross-

Spot Forward

A Gradual Solution

Washington, March 8. Confidence that some stock mar- ket regulation bill will be passed this session was expressed at the White House, yesterday,, but the cate at the closing to-day, was President's attitude on.. the, Flet-G95.081. cher-Rayburn Bill has revealed.

not been

President Roosevelt has not yet taken up the subject with his ad- visers, pending the completion of the National Recovery Administra tion meetings.-Reuter.

APPEAL FOR FUNDS

To Assist Shipping

(Special to "Hong Kong

Daily Press") |

By Telegraph, Copyright, Telo- the conclusions graphic Messages Ordinance, 1501.

Received, March 8, 7.30 p.m.) reached were embodied in a state-

Paris, March 8. ment which was sent to Mr. Okada.

Le Journal publishes an appeal On the conclusion of this morn-

by the Minister for Commerce, M. ing's meeting a communique, was issued stating that Mr. Okada had Bertrand, asking for 150,000,000 éxplained that the memorandum francs for assisting submitted by the British delega- Mercantile Marine. tion had reached him at a late hour last night and consequently there had not been time to examine it closely with his colleagues.

It was added that the Japanese

the French The money is to be used for supporting some

private shipping companies.

ster for this appeal is that excès-

The reason given by the Mini-

sive customs dues and quota sya- tems all over the world had re-

delegation had no fresh points to duced the volume of seaporat

advance, but already expressed their willingness to examine the new British document if time be allowed for the purpose. An ad- Journment till next Wednesday was accordingly agreed to-British Wireless.

to

London, Mar. 8.

The Anglo-Japanese textile talks have been adjourned til March 14 in order to afford an opportunity

Japanese Delegates the examine the new British Memoran- dum regarding the geographical scope of the, discussion-Reuter.

ANGLO-POLISH TRADE #NEGOTIATIONS.

British Representatives Arrive

(Special to "Hong Kong Daily Press") (By - Telegraph, Copyright, graphic Merages Ordinance Received, March 8, 7.30 p.m.)

Two British

to

traffic.

French Industrialists and mer- chants had found compensatiori elsewhere, but hitherto there are no visible prospects of improve- ment in shipping-Transocean

Kuo Min.

SAINT'S CANONISATION

Ceremony At Vatican

Special to "Hong Kong

Daily Press") (By Telegraph. Copyright, graphic Messages Ordinance, Received, March 8. 7.30 p.m.)

UNDERWRITERS INFORMED

London, March 8.

It is understood that under- writers have been informed that when a sealed wooden box from

as a result of these Government measures no attempt will be made to extend the general strike be- yond Its present dimensiona Should the extremists put them Into force then the Government

declare would certainly

martial

law.

M. Chiappe related the harassing time before his dismissal on Febru ary 3, when' Communists were de- manding his blood.

Taxi strikers seemed to be get- ting funds from an unusual source and Parisians in the State were strung to high tension.

He paid a glowing tribute of Re- publican loyalty to the Police.

The Commission decided to hear. M. Daladler and M. Frot on March and, if necessary, confront them with M. Chiappe.

M. Frot had already issued, an dental and immediate

said M statements Chiappe's

sounded more like a detective novel than Evidence before a Court of Justice. ---Reuter,

CAMPAIGN IN MOROCCO

Tribesmen In Retreat

(Special to "Hong Kong

He believed that if he had been | graphië

COTTON FOR present on February 8 there would

RUSSIA

Long Credit Terms Asked

have been no bloodshed.

FXPENDITURE RECOVERY

PROGRAMME

Causes Increase In Public Debt

Washington, Mar. 9. The expenditure recovery pro- gramme has increased the public debt over $5,000,000,

Daily Press"} {"

(By Telegraph, |- Copyright, Tela-

Ordinance,

1894- Messages Received, March 8, 7-30 p.m.)

Paris, March 8" In the Moroccan campaign it is reported that Goelimon was occu- pled" by divisions of cavalry and motor forces. Mokhtar uld Hassan and 2,700 families have given in. Khebbach Bey is withdrawing in the direction of Dschebel Astarta, South West of the Mount of the Nun River; clearly in order to evade the conflict. In Dschebel Astartaf the retreated sections of the Hamou tribe are waiting.

While French troops are proceed- ing to lay down motor roads and telephone lines in newly occupied

Washington. March 8. An announcement that the So- viet had proposed to purchase 500,- ooo bales of United States cotton A general strike has been de- if suitable credit terms could be clared by those engaged in the arranged was made by Mr. Jesse

In Fresident Roosevelt's first building trade in Madrid, but up Jones, Chairman of the Recon- till now no untoward incident has struction

The Finance Corporation, year of office over one-half of reported.--Transocean Kuo, yesterday, following a conference the Treasury's cash balance of of officials of the export and im- $4,874,000,000 was represented by port bank with M. Bogdanov, profits from devaluation of the Chairman of the Soviet Trading dollar to 59.06 cents.-Reuter. Corporation.

been Min.

A state of alarm was proclaimed In Madrid at 8.10 p.m., yesterday. More than 100,000 men are on strike.

The proclamation of alarm was made ten minutes after the Minis- ter for the Interior. Senor Rica Abello, told the Cortes that the Government did not consider it yet necessary.

Strikes are being organised throughout the country, and the move is believed to be in accord-. ance with a specific plan for a revolution, Reuter.

ام

South Africa was opened in Lon- SWEDISH PRINCE

con, lead was found to have been substituted for gold which it should have contained. It is estimated that the value of the missing un- refined gold would probably be about £5,000.

The box, which was despatched from Bulawayo, reached South- ampton on Monday in the Union Castle liner Balmoral Castle.

"The Times" says this particular consignment from Rhodesia was quite distinct from the regular weekly forwardings of refined gold from the Rand which represents high values.-British Wireless.

U.S. TREASURY

ROBBED

Valueless Gold Bars Taken

Washington Mar. 8. Simultaneous with the disap- pearance of the £8,000 worth of gold in transit from South Africa to London, gold coins worth £15 and a number of imitation gold bar, were stolen from a show case at the entrance to the Treasury here yesterday, in spite of the fact that a guard is always on the spot when the Treasury is open,

The gold bars, if real, would have Tele-

been worth US. 830,000, but ac- 1894-tually they are valueless.

Rome, Mar. 8. To mark the seven hundredth anniversary of the canonisation of St. Thomas of Equino, the Pope has received 4,000 Dominicans from all the leading countries of the world ond has announced the appearance of a new encyclical bearing date, March 6, which is the eve of the birthday of the Saint, who, it will { be remembered, belonged to the Tele Dominican Order-Transoceán Kuo 1894. Min..

Warsaw, Mar. 8. representatives of the Board of Trade, arrived. here on. Wednesday to resume Anglo-Polish Trade treaty negotia- tions which were recently inter rupted...

PRICE OF TIN IN

LONDON Highest Since 1928

London, Mar. 8.

The police declare that it is the first time in the history of the Treasury that such a thing has happened.-Reuter.

LOAN CONVERSION

Offer By Treasury. Secretary

Washington, March 7..

The United States Treasury So- cretary, Mr. Henry Morgenthau,

has announced an offer to the holders of

MARRIED

ย

Crowds Attend Registry

London, Mar. 8: Large crowds were present at Caxton Hall Registry Office this morning to witness the marriage of Prince Sigvard of Sweden to Miss Erica Patzek

The Prince had previously sign- ed a document renouncing his Royal rights. Reuter,

RECONCILIATION WITH KING VERY LIKELY

Nice, Mar. 8. The King of Sweden still, re- solutely declines to comment on Prince Sigvard's marriage, but speculation is rife regarding · a possible reconciliation.

Princess Ingrid, sister of Prince Sigvard, is now hurrying south from Brussels to visit her grand- father the Duke of Connaught, and it is expected she may act as mediator between the King and Frince Sigvard. "It would not be surprising if a family recon- ciliation occurred in a week or two as happened in the, case of Prince Lennart and the King of Sweden a year ago. Reuter.

A CLOSER BÖND

To Benefit France And

Britain

London," Mar. 8 Lord Derby, President of the United Associations for Great Britain and France; has received from the Prime Minster a letter

Mr. Jones added that the bank trustees had not yet come to a de- cision on the Soviet's suggestion for five years' credit-Reuter.

BILL FOR PROTECTION OF STOCK MARKETS

American Confidence.

VON PAPEN'S MISSION

Talks With Vatican

Rome, March 8. It is announced that the Ger mian Vice-Chancellor. Herr von Papen will ' arrive "in March 14. :

Rome

UA

It is understood that he will try German-Vatican

territories, a manoeuvre to" encircle two rebellious tribes are in opera- Hon.

dissenting Sultan. Marebbi Rebbo has broken off negotiations with the French Com- mander-in-Chief · and has gone South to Join the Stonia tribe.— Transocean Kuo Min.

FAST AIR MAIL

Germany-Brazil

(Special to "Hong Kong

Daily Press")

(by Telegraph, Copyright, Tele-

Urdinance, graphic Messages Received, March 8, 7.30 p.m.)

1834.

Berlin, Mar. 8. Cables received here on Thurs- Lordon, March 7.

day state that once again the alr The Prime Minister, Mr. Ramsay

mail sent from Germany arrived MacDonald, who attended the in-

in Brazil (destination) on schedule augural lunch of the South Lon--

time. It this instance it was car- ried by the Getman "Air Hanss" don Exhibition which was opened to resume the at the Crystal Palace this after-negotiations which were broken despatched on March 3 to follow noon, in a brief speech said the ob after the banning, by the Vat the Bouth Atlantic route.. The safety of every stage which the can, last month, of a book by Dr. journey lasted four and a balf

with Government had taken in

the days. dealing mea- Rosenberg. sures to restore prosperity had Nazis' ideas on religion.

On this occasion the Atlantic was its been carefully considered

Piquancy is added to Herr Von traversed in the Dorndewal ma- relation to the whole scheme of Paper's visit by the fact that he chine "Talfun" and landed on the prograssive evolution. That was will arrive in Rome on the same floating base steamer, Westphalia. the course they were endeavour day as the Austrian Chancellor, On arrival at South America at and the Pernambuco, the post was taken Dr. Engelbert Dollfuss, ing to continue.

Hungarian Premier, General Gom-over by the Brazilian airways Com- pany for distribution, throughout boes, whose visit is apparently re- garded with suspicion in Germany. South America-Transocean Kuo

They had not gone in for great plans. The had carefully studied in detail the problems of industry and had done their best to face and solve them one after another. They were still engaged in that task, and when it was accom- plished, the characteristic' task of the present Government would have been finished. British Wire- less.

THREAT TO KIDNAP.

Edsel Ford Guarded

Miami Beach, Florida, Mar. 8.

machine- Guards, armed with guns, are protecting Mr. Edsel Ford, the son of Mr. Henry Ford, in consequence of the treats of two rival Detroit gangs to kidnap and hold him, for ransom.

When the threats were made, at Detroit, Mr. ffdsel Ford hastily or- 'ganised a fishing trip to Miami.

The guards are"additional to the usual detective squad protecting Ford Cottage-Reuter."

MRS. ROOSEVELT IN

WEST INDIES

A Warm Welcome

St. Thomas Island, West

Indies, March 8.

Mrs. Franklin D. Roosevelt, ac-

in which he says the Government will exert Anglo-French commer-companied by four women report- cfal negotiations with the intentioners and two photographers, arriv-

the U.S.$460,000,000 of coming to an agreement which ed here by air, yesterday after- Treasury certificates, maturing on will not only be mutually of benefit noon, and was enthusiastically March 15, to convert them into to France and Britain but will also welcomed by a vast crowd. four-year three per cent, notes. draw the 2 countries close together Replying to an address of wel- The move eliminates cash sub-and will enable them to face income, she expressed greetings to The trade treaty negotiation be- The price of tin on the London scriptions and has surprised fin-harmony the serious problem that the Island from President Roose- tween Latvia and Poland were Metal Exchange advanced £1.6.3d.ancial quarters. which expected will confront 'European govern-velt. She attended a reception at also begun in Warsaw on Thursday.to £231 per ton, which is the the announcement of a much ments for some years to come-Government House in the evening.

-Reuter. Transocean Kuo Min.

highest since 1928.-Reuter... larger borrowing.-Reuter

British Wireless.

Reuter.

Min.

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