1,
#
AMERICA'S ATTITUDE ON SILVER
Speculation on Recent Declaration
Londoni, Mar. 18.
Silver is arousing" keen interest, in London.
Mr. Morgahthau's statement that he is opposed to any action at: present is interpreted bearish. As pointed out in
quarters,
America
most
controls the
NORTH ATLANTIC
SHIPPING BILL
situation, but the market is in no Passes Third Reading
wise in a panicky state.
Without Division
London., Mar. 15.
The American Government were generally expected to take action to raise the price, but the recent declaration cross-cuts this opinion.
The third reading of the North It is possible the explanation of
Atlantic Shipping Bill which makes Mr: Morgenthau's remarks may be that the administration is desirous necessary the financial provision for assisting the completion of the of holding the silver question in
Curard liner and for the reserve in Caso the commodity new raising plan falls. It is painted merger of the two British North out in a well-informed quarter that Atlantle Shipping Companies is be- a further possible reason might being debated in the Commons to- to safeguard American trade with China which will be adversely affected if silver soars to high
levels.
American producers are already; benefiting from the high prices of domestic mined product. The only class to be hit be speculators and it will be quixotic to sacrifice America's chief export market in order to help them. On the other hand powerful Democratic in- terests wedded to silver may raise strong opposition as they are un- likely to regard sympathetically
Mr. Morgenthau's statement.
Silver will be taken care of for the next four years if the London Agreement is generally ratified.- Reuter.
THREE-POWER CONFERENCE.
Optimismi In Italy
Rome Mar, 15. Although it is so far maintained conversations betweeri that the Mussolini, Dolfuss and 'Gomboes were not political, It is understood
i
night.
HONG KONG DAILY PRESS, SATURDAY, MARCH 17, 1934.
BRITISH ARMY ESTIMATE
Passed by House of Commons
London, Mar. 16. - The House of Commons to-day agreed to the Army Estimates.
Replying to the debate and refer- ring to the fact the estimates con- tained a sum only of £500 in res- pect to barracks construction in Hong Kong on which Sir Francis Acland, had commented, Mr. A. Duff Cooper said the £500 was a token vote to cover enquiries.
The whole matter will again come before the House next year. when there will be an opportunity te fully consider it.-Reuter.
PROTECTION OF BASE Referring to the additional 450,000 required this year for works at Singapore, Mr. A. »D¤¤ Cooper said there must be troops for the protection of the base also against aircraft. artillery and persohnel.--Reuter.
NEW DEFENCE CORPS FORMED
London, Mar. 18. During the committee stage last
In the House of Commons, intro- night, the attention of the Chan-
or of the Exchequer was rafied ducing the Army Estimates Mr. A. to reports from New York of a uro-Duff Cooper" announced the crea
branch in the posal to seek an junction to pre- tion of a new
Army, namely, The vent further progress with the mer- Territorial
Royal Defence Corps. The recruit- ger
ed men will preferably be ex
or ex-regulars territorials longer ft for active service but could be used in an emergency to protect vulnerable points.
no
The Chancellor, when questioned this afternoon; said that the Board of the Oceanic Company had been that they authoritatively advised might legally implement their part of the merger schemes withou: the During peace they will be enroll- consent of the American Compared under Territorial Associations He wished, however, tó, make it and only under honourable ob- plain that if a contrary decision Lgation to serve during emergency. they would receive £6 emerged as a result of legal action. when the parties could attain. by alter-bounty in addition to normal rates native methods, which could not be of pay.
open to attack, precisely the result The purpose of the new corps contemplated by the merger agree- is to release at men for active ment and that such methods would service.-Reuter. be within the scope of the North Atlantic Shipping Bill in its pre- sent-form.
In these circumstances, he had satisfied himself that no reason existed why the House of Commons should-be deflected from its pur- pose by any action taken by the International Mercantile Marine Company-British" Wireless.
Later. The B was passed without a division. Reuter.
an important political declaration. BEEF PRICES IN
will be formulated when the three statesmen remeet to-morrow.
The declarațian, which it is ex- pected will be published simul- taneously with an official com- munique announcing the three
work Powers' decision to
for economic restoration in Central affirm Europe will categorically
a not forming.
bioe they against other Central European states. On the contrary, it will appeal to neighbouring states, particularly Germany and
the Little Entente to co-operate in reaching a solution.
are
Optimism is expressed in Italian circles at the progress of the con- versations. Italy is prepared to make generous concessions in re- gard to tariffs and import permits. It is believed Austria and Hungary have responded in the same spirit. -Reuter.
...
BRITAIN'S VIEWS
G
BRITAIN
Unaffected By Restrictions
20
SILVER MARKET (From Our Special Correspondent)
London, March 15.. Following" are the Silver Quota- tions on the London market to- day:-
Mar. 16 Mar. 15
20.1/16 20%
. Spot
1.A
Forward ...
201 20.11/16 The London on New York cross- rate at the closing to-day was
$5.08.15718.
SINKIANG
RUSSIA
LANCASHIRE
AND JAPAN
J"
Statement By
Mr. Runciman
I.
London, Mar. 15. The breakdown of negotiations between Lancashire and Japanese textile interests was the subject. of a brief statement in the House of Commons by the President of the Board of Trade, Mr. Walter Runch. man to-day..
The issue will be raised in the debate on the adjournment of the House later to-night
Mr. Runciman said that the United Kingdom delegation, having found It impossible to reach a basis for discussion, had decided that nothing remained but to re- port the result to the Government, The delegation accordingly report- ed yesterday.
TERRORISTS ON-TRIAL
Italian Bomb Plotters
(Special to "Hong Kong Dally Press"}
<
(ly Telegraph, Copyright, graphic Mariages tredinance, Received, March 21, ('7.30 «p,m.)
Tela- 18
Rome, March 16..
GREAT STRIKE IMPENDING
In U.S. Motor Car. Industry
Washington, March 18. One of the greatest strikes in American history is Impending the motor car Industry, declared Mr. William Green, President of the American Federation of Lab- our
ANTI-RED
CAMPAIGN
Nanking And Canton Amalgamate
(From Our Special Correspondent)
Canton, March 16. The sensational trial of four
Having arrived his headquarters." He attributes the impending anti-Fuçlat bomb plotters, Renato
to compel at Ta Yu, Southern Kiungsi, Gen- and Claudio Edanca-brother and strike to an attempt
the first Kwangtung manding nephew respectively of the notor-motor car workers to belong to eral Yu Han Mow, officer com-"
Alberto Edanca in the Company Unions-Renter ious refugee
army, called a meeting to-day of all divisional and battalion com- Paris-Leonardo Bucciglioni and
REFUSAL TO RECOGNISE and Pasqualo Capasso, who
LABOUR UNIONS
manders at the front and decided. charged with having committed
on the second phase of the anti- be bomb outrages and plotted an at-
Communist campaign to tempt on the life of Mussolini,
launched momentarily.
of Rehabilitation
the. towns opened here on Friday,
around Ta Yu has been progress-
arc
The accused were members at a "These negotiations," he added terrorist organisation whose head- were arranged as a result of dis-quarters are in Paris and which
New York, March 16. Almost simultaneously with Mr. Green's warning. leaders of the automobile industry are appearing before the Labour Board. They
have flatly refused to recogniseng satisfactorily, and most places are connected with highways which cussions between His Majesty's has been systematically planning Labour Unions-Reuter
will facilitate transportation of Government and the Government acts of violence against the secur-
troops in the coming advance on of Japan and it therefore becomes ity of the Facist Spate,
the Communist zones. necessary for the two Governments Three of the defendants confess-
to review the situation that arises ed to having planted the bomb SWATOW NOTES
see
as a result of the breakdown.
"I have accordingly arranged to|
the Japanese Ambassador forthwith. It would be permature to make any further statement at the present time."-British Wire- less.
TALK WITH AMBASSADOR. London, March 16. Mr. Walter Runciman, President of the Board of Trade, conferred with Ambassador Matsuraira for an hour concerning the breakdown of the textile negotiations.
which exploded last June in the Church" of St. Peter, and to have intended an attempt on Il Duce's te by means of a polson gas bomb.
The prosecution is expected to demand the death sentence for all "four accused. The verdict will probably be announced on Satur- day afternoon. Transocean "Kuo Min.
Mr. Runciman told Reuter that they had a most friendly exchange of views and that the Ambassador would probably now be commun!- cating with his Government. He,..
however, declined to reveal the na-
ture of the discussions.
It is believed that the Govern- ment is anxious to ascertain the sentiments of the Japanese Gov- ernment and is desirous of reach- ing a friendly agreement as soon as possible in the mutual interest of both countries.-Reuter.
¿By
JEWS IN POLAND
Movement To Restrict
Influence
graphic AND
Ex-Governor On Trial
Nanking, Mar. 16. The trial of a former Sinklangs Governor. King Shu Jen, on a of concluding a the charge
secret agreement with Soviet Russia
BARCELONA STRIKE
Public Utilities Affected
(Special to "Hong Kong Daily Press")
A
graphic Messages Ordinance.
(By Telegraph, Copyright, Tele- Received, March 16, 7.30 p.m.)
1894.
No Tax For Peanut Oil.
(From Our Own Correspondent)
Funds are expected from Nan- king to finance the push against the Reds, The first will be direct-
Reds ed against the.
Chang Ting and Len Cheng in South- western Fukien. These towns were garrisoned by General Miao Wal Shau's troops of the 19th Route
the Army, but
general under- estimated the strength of the. enemy who enveloped the towns and captured them. Then the Swatow, March 12.
19th Route Army turned against Good results have been achieved the Nanking Government and paid- by the combined petition of the no attention to the Communista Peanut, Groundnut and Tea Oil in South-western Fulden. These Guilds, to the Ministry of Finance, Reds have become active again of complaining that tax has been late, having attempted with their levied by the Oll Tax Office con- comrades in North-eastern Fuken cerned. The petition objected very a. dive on Chuen Chow and strongly the impost on the ground Changchow. However, there are that these are national products fourteen divisions of Nanking and consequently should be im
troops in Fukien in addition to a mune from taxation. Orders have powerful air force. been issued prohibiting a tax on these national products in future. Crude Oll
It
Chinese from
com-
The Cantonese forces in South- ern Klangsi and Eastern Kwang- Barcelona, March 16.
tung will prevent the retreat of The city is faced by the dire
is reported
the Reds from Chang Ting "which prospects of being plunged into quarters that Chinese of
is to be attacked by the Nanking complete darkness Va Friday panies in Swatow, which depend on night, all workers in public utili crude oil for refining it into kero- troops in Changchow and Lung Yen. General Chiang Kai Shek, ties having gone
on sene, recently complained to the Chairman of the Nanking Military on strike Friday afternoon, as all efforts South West Political, Council in Commission, expects to clean up
for a settlement of the wages dis- Canton to the effect that
the
pute of long standing had failed. Customs authorities here did not the Reds once for all by May and The government has ordered "tech- act in conformity with the order to have the loyal co-operation of nical experts in the Army" and of the Council by reducing the tax the Cantonese forces. Navy to take charge of the Gas of 360 per ton of crude oil to 85
works and "Power Stations in or-
per ton. How far this report is
true is not known, but it is insisted
der to maintain the lighting ser- that the reduction was passed in TRADE SLUMP IN
více. Transocean. Kuo Min.
i
(Special" to "Hong Kong Daily Press") Telegraph, Copyright, Tele- Messages Ordinance, 1894 Received, March 16, 7.30 p.m.).
Warsaw, March 16. The closing of the Warsaw Uni- versity following an assault by four students on the Jewish pro-
Händelmann, is causing' fessor, lively discussion in the Polishi Press. It appears that. Handel- mánn had been instrumental in causing a motion for the intro- duction of the Ayran Clause to be defeated at last Wednesday's meeting of the Historical Society.
The Clause is being vigorously advocated by a large section of The
with the National "Democratic the
RUSSIA AND JAPAN
Neither Country "Desires War
Canton and enforced there.
Native Banks
It is reported.. that, several dis- cussions have recently taken place between the representatives of the Chinese Chambers of Commerce of
KWANGTUNG
Swatow and Canton on the ques- Committee To Investi-
tion of failures of some of the
native banks and the redemption
of banknotes thus involved.
In the beginning when the authorities Intervened, the sound
gate Reasons
and failing banks were prepared to (From Our Special Correspondent) redeem only 20 per cent of the
London, Mar. 15. The Minister of Agriculture, re- plying to a Commons question, said he was aware that, despite the TE-
total amount of banknotes issued, strictions imposed, "there had been
Canton, March 16. practically no increase in
but the proposal was turned down, Paris, Mar. 16.
The Foreign Trade Committee of Not arriving at any definite ar- wholesale prices of beef.
Japanese Ambassador, M. rangement, bank officials and re- the South-west Political Counell With regard to the immediate Lopened this afternoon. future, the reduction of imports The ex-Governor admitted sign- students, especially those afiliated Sato, presiding at a meeting of presentatives of the local Chamber has issued a cricular letter to all
Nanking because
of
as a
My
International
Diplomatie
[Special to the "Hong Kong Daily fat cattle permitted from the Irish | telegraphic communications being sities and put a stop to agitation tuality. An armed conflict, of those which falled should redeem mental rule of supply and demand.
Press" (Copyright}.]
London, Mar. 15. Reuter asserts that the British Government views the Mussolini, Dollfuss; Gomboes meeting with grtater favour and is favourable to economic rehabilitation of Danu- blan basin. Reuter also says the French Government is favourable to the Rome. meeting. British newspapers report Röme correspon- dence as stressing the great cor- diality of the Mussolini, Gomboes, Dollfuss encounter
The Daily Telegraph writes the importance of the Rome meeting is very great for the future of Danu- blan Europe, the Italian policy is clear; Austrian Independence can be consoldiated and the Swiss inde- pendence problem of defence of Italian frontiers 13 practically solved Transocean Kuo Min. !
SIGN OF FRIENDSHIP [Special to the “Hong Kong Dail Press (Copyright.)]
#
Vienna, Mar, 15,
**
of Commerce proceeded to Canton. guilds and commercial bodies as a OI frozen mest in the coming ing a commercial agreement with Party, and some papers, including Academy, Sm analysing Russo- to discuss the matter with that preliminary step to investigate to quarter would be increased to 35 Soviet Russia on October 1: 1932, the influential Gazeta Waroza-Japanese relations said:
body there. Later its delegates the trade situation here and per cent. He hoped to arrange whereby the Russians were allow-
compromise ska, favour &
Government is doing its returned to Swatow together with improve the commerce of the pro- to have a larger reduction in ed to trade in certain places in
most to remove obstacles handi: the local delegates when renewed vince. solution. foreign chilled beef than in the Sinktang.
t is calculated, it will restrict capping the relations between the conferences took place. Eventually In view of trade depression, the same quarter of 1933.
He explained that he could not Jewish influence in Polish univer- two countries. These efforts should something was settled and it was Foreign Trade Committee advises The question of the number of report to
be crowned with success even-agreed that standing banks and the merchants to obey the funda among the students which had
which there has been too much banknotes to the total amount of Merchants suffer when supply ex- repeatedly led to "the closing of
taik. cannot fail to be averted as 4,000,000 dollars. Local representa ceeds demands, the letter said, and variotis Polish universities sud
neither country desires a conflictives have again left for Canton the consumers suffer when their colleges.Transocean Kun Min.
Nobody in Japan at least seriously to put the finishing touches to the demand cannot be adequately met. contemplates it-Reuter,
Merchants are therefore request- ed ta. re-adjust themselves to changing conditions instead of en-.. tering into cut-throat competition. in any thriving, line, w
Free State was under considera- | suvered.—Reuter. tion.
The present low level of prices was partly due to the heavy rate of marketing from home
sources. The situation would be BRITAIN AND
examined in the light of the re- port of the Fat Stock Commission, which he expected shortly-Bri- tish Wireless.
THEIR MAJESTIES ENTERTAIN
DISARMAMENT
Will Not Hesitate To Alter Memorandum
London, Mar. 15.
K Between 300 and 400 guests at- tended the first afternoon party of the year given by the King and Queen at Buckingham Palace to- day,
KING'S SALARY INCREASE Objections In Belgium
London, Mar. 18. necessary the Government will not hesitate to alter the British Disarmament Memorandum, even on fundamental principle, declar- ed Lord Stanhope when replying The King and Queen received to the" disarmament debate in the graphic
(By
(Special to "Hong Kong
Daily Press")..... Telegraph, Copyright -Pole- Messages Ordinance, 1894.
agreement.
OFFER BY U:S. TREASURY | 667
for
Washington, Mar. 15. ̈ Mr. Morgenthan has invited bids $100,000,000 of ninety-day Treasury Bills dated March 21 and maturing on June 20... :
They will be sold to" the highest | bidders on' a discount basis Beater:
“EARLY" CLOSING. FOR CANTON
Close At 12 A.M.
Two representatives were ap pointed by the Foreign Trade Committee to call on the different mercantile guilds and to find out the actual conditions in each line. They will make suggestions on how to improve trade and to do
(From Our Special Correspondence) away with antiquated methoda.
At the same time, the City Chamber of Commerce sent out: Canton, Mar. 16. four representatives to make a De The police authorities announce! port on the present" conditions" they will enforce the ruling that among the exporting firms. The all shops must close their business object is to comply statistics on
Brussels, March 18. SERIOUS STRIKE
IN CATALONIA before midnight in order to pre- forelan trade in Canton in view
the guests at the entrance to the House of Lords. As soon as replies Received; March 16, 7-30 p.m.)
the of various nations are received the Picture Gallery, which with adjoining state rooms was thrown 1.Government will lose no time in open for the occasion-British working out not merely a short- Wireless.
term but a long-term policy for the security of the peace of the world. -Reuter.
S'HAI-MANILA RADIO
Successful Test Of New Service
· Wrener "Zerteng after stressing that from a political standpoint the Rome mecting is a public and official manifestation of profound friendship between Austria, Hun- gary and Italy writes; The history of twelve years of Mussolinian reconstruction shows that the Duce faces realities and does not waste timë over romantic dreams, even Mussolini's foreign policy is based
Shanghai, Mar. 16. on realism as is proven by his With reception most distinct at Danubian plan, which over comes both ends a radio telephone, test all obstacles-Transocean Kuo linking Shanghai with Manila was! Miri
Rome, Mar.. 18. The Stamese Sovereigns visited the headquarters of the Fascist Party and Fascist, exhibition, They' expressed their warmest admiration everywhere.—Transocean Kuo Min,
U.S. AIR-MAIL SCANDAL
Roosevelt's Action Defended
Washington, Mar. 16. Defending Mr. Roosevelt's can- carried out this morning afford, “cellation of air-mail. contracts, Ing a novel experience for Mr.Senator Robinson, Democrat Cunningham. the US. Consul leader, told the Senate the alleged General, and other prominent per-fraud in connection with contracts, sons who, without a hitch, talked was accomplished with the con- nivance of the former Postmaster with Manila friends.
The hook-up was arranged bý General, Walter. F. Brown and
of his chief deputies officials of the Ministry of Com- "some
Reûter. munications. Reuter.
"Despite vigorous protests by So- cialists and Communists, the Chamber voted to raise King Leo- pold III's salary-politically called the 'Civil List" from 94 to 12 mil- tion francs and, furthermore, to grant the Queen Mother Elizabeth a pension of two millions francs annually.-Transocean Kuo. Min.
BRITAIN'S NEXT BUDGET
To Be Presented In April
28,000 Workers Affected
Paris, Mar, 18, A strike of employees in gas and
vent disturbance during sleeping of the decision of the Bouth-west hours. All merry-making will end Political Council to abolish export- as the clock strikes twelve.
duty. The authorities also wish It is not certain whether this, to know the extent of foreign regulation applies also to the gay trade before the abolition of ex- restaurants in Chien Tong which port trade will be carried into are open practically all right. The effect crowded hour begins at 12 a.m. At present the number of frig wben sing-zong girls visit their engaged in, foreign trade is un- clients mostly tired business men. known and the amount of business
done is likewise unavailable.
electricity undertakings through- in the restaurants. The late up
out Catalonia was declared at mid-per or rather breakfast is general- night. According to a message ly served at 1 am. from Barcelona 28,000 are affected. The technical services of the army have occupied the power stations.
Reuter,
ANGLO-FRENCH PARLEY
There may be an exception' in favour of these restaurants which pay taxes to the government, and the sing-song girls also pay about $2,40 as tax to the 'government for each call for a tarit of $5.
KING'S YACHT GETTING
READY FOR
R RACING
@London, Mar. 15,
“Britannia”
London, Mar. 15.
London, Mar. 15. ́
Florence, Mar. 15, which wuk con The House of Commons will rise for the Easter Recess on March 28, The Anglo-French negotiations The spring courses for foreigners Harwich One reassembling OD April 9. The for the adjustment or commercial started with 150 students, Swiss, ed. at Cowb Chancellor of the Exchequer will relations were resumed to-day and American, German, Dutch and Gosport, whe Transocean” the bulwarks" open the budget in the Commons will continue to-morrow-British other nationalities.
Wireless
mast stepped on April 17-British Wireless
Kuo* Min.
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