1934-06-27 — Page 9

GERMANY'S INABILITY

ΤΟ TO PAY

Conciliatory Tone Of Note To Britain

Berlin, June 25.

Despite the recent threat made by the President of the Reichs- bank. Dr. Schacht, the German note on the moratorium, despatch- ed to Great Britain last night, is conndently expected to voice a conciliatory tone and is likely to leave the way open for a com- promise.

It is believed that it asserts that Germany's present.plight 3 main-

ly due to the turden of repara- tions, and urges that political questions must rot be confused with Apancial issues.

It reiterates that Germany de- sires to meet all her obligations fully as and when able, and also that she is most ready to hear any new proposal from her creditors in the matter.--Reuter.

CLEARING HOUSE BILL

London, June 25.

The House of Commons yester- day passed the second reading of the Debts Clearing Office Bill, de-. signed to deal with the German moratorium, without division.

The Financial Secretary, of: the L. Hore-Belisha, Treasury, Mr. winding up the debate, said that the powers under the Bill would be used with moderation.

The deduction will began at 20 per cent. and, as Germany herself had stated that she intended to .. continue to pay debts in marks, ..exporters' goods ought to receive

full payment.

If the Reichsbank did not pay exporters fully that would be tantamount to a further default on the part of Germany.

As long as Germany did not

take further steps to restrict trade artificially, there was no reason why the system should not work to the mutual convenience of both sides,

BRITAIN ARMED

If Germany took other steps, the Bill armed Britain with the fullest powers, but he did not believe that Germany would take steps which would dislocate her own commerce. The Financial Secretary to the Treasury stated that United King- dom holdings of the Dawes and Young Loans amounted to about £10,000,000 and £0,000,000 respec- tively. The annual service requir- ed was £1,700,000.-Reuter.

DR. BERGER HEADS DELEGATION

Press" (Copyright.3]

Berlin. June 25.

i

TO MEET THE MORATORIUM

Britain's Counter Measure

London, June 25.

The Chancellor of the Exchequer,

ת!

HONG KONG DAILY PRESS, WEDNESDAY, JUNE 27, 1934.

HEAT WAVE IN SHANGHAI

Exodus to Cooler Climes

Shanghai, June 26. Shanghal experienced another day of sweltering heat to-day with the official temperature topping 102.7 degrees, breaking yesterday's

record.

•

The heat wave is responsible for accelerating bookings for various summer resorts and a wholesale exodus. of foreign

and women children for cooler ciimes is ex- pected to commence in a few days.

Reuter.

MONDAY'S CONDITIONS

Shanghal June 28. Yesterday was the hottest June Mr. Neville Chamberlain, the day in Shanghal since the founda- House of Commons fo-day, moved ❘tion of Siccawel Observatory, in a second reading of the Debts 1873. The mercury soared"to 101.5 Clearing omces and Import degrees Fahrenheit. The nearest Restrictions Reprisals BILL a to that was 100.4 in June, 1893," measure to deal with the situation created by the decision of the Reichsbank to suspend for six months, as from July 14, all ensh transfer on German long and medium term debts abroad, includ-· ing the Young and Dawes loans.

Mr. Neville Chamberlain express- ed regret that the Government had found themselves bound to in- troduce this measure, and said that there was doubt that the posi tion of Germany with regard to foreign exchange made it necessary to discharge her" obligations one of her very great dimculties.

In the German note to Great Britain a great deal of emphasis was laid upon the reduction in the Reichsbank reserve of gold and foreign exchange, and it was sald that this reserve had been sacri- fced in an effort to maintain the payment of German obligations.

The fact was that a very great part of this serious diminutiön in reserve had been due to the device

UNITED STATES AND JAPAN

SOVIET DESIRE

FOR PEACE

Non-Aggression

Pact Discussed

Washington, June 26.

Statement By Ambassadör

Birmingham, June 26.

At the National Peace Congress held here, the Russian Amassador,

On the eve of leaving for Japan, Japanese Ambassadör to the Washington, Mr. Saito, discussed M. Maisky said i was ridiculous to the question of a non-ngression suggest that Russia wished to en- pact between the United States and ¦ circle and make war on "Germany Japan, with Senator Key Pittman, or anybody else, as peace has ́8l- Chairman of the Senate Foreign ways been a very important prin-

ciple of Russia's foreign policy. It is understood that Mr. Pitt- He alluded to the non-aggression man said that no new treatlespacts with many neighbours and could be considered while there regretted that similar ` attempta

Relations Committee,

BRITAIN'S CLAIM FOR MORE CRUISERS

TO GUARANTEE PROTECTION OF EMPIRE ROUTES

Demand Not Likely To Disturb America

London, June 26. The Admiralty is reviving its

was any question" In regard to the with Japan and Germany had claim for 10 cruisers in order to BOMB INTENDED

carrying out of existing agree-falled.

menta.

P

He declared that if attacked, It is reported that he expressed. Russia could Inflict & crushing re- on behalf of the Committee, the buff to the attacker-Reuter, United States viewpoint towards Japanese, conduct under the exist-

ing treaties.

JJ

Mr. Salto asserted that there was no intention on the part of Japan to repudiate treatles.-Reu-

The intense heat has caused.] ter. considerable suffering. Many cases of prostration have been reported, but no serious cases,

Thousands. of Chinese sought relle in the streets and on The

Burd up to a late hour. No rellef is forecast for to-day-Reuter.

CHIANG LEAVES FOR HANGHOW

DUTCH INDIES RUBBER

Licences for Native Product

N

Thirty-Minute Talk rubber as soon as possible by a

with Ariyoshi

Nanking. June 28. After a ten days' stay here, dur-

he áttended

adopted by the Reichsbank which, ing which

many

in its effect, was equivalent to a political conferences and received. depreciation of the German curl

rency.

Confidence, Shaken

SUBSTITUTE FOR SILK

Combine Cotton with Rayon

guarantee the Empire sea routės, declares the political correspon- dent of the "Manchester --Quar- dian," who quotes นา entirely trustworthy American quarter for the statement and points out that Д simalar demand wrecked the Three-Power Conference at Gene- va in 1927 and seriously impaired Anglo-American relations, "

N

FOR GANDHI

Thrown at Wrong Motor Car

#

The suggestion made in the pre-

Poona, June 25. sent demand is much less likely to Seven of the Mahatma Gandhi's disturb the United States than in supporters were injured' when 1327. and it is even said that the bomb was thrown into a car. United States will receive it com-Gandhi owes his escape to a mis- placently as she is anxious now for greater freedom herself in naval matters in view of Japan's more imperialistic mood.

Berlin, June 26. At the general meeting of the

Quite apart from the 1935 Naval Bemberg big art silk combine, the Conference, an early expansion of Chairman said that" among the naval programmes within, treaty Imports of raw-materials, pura | Umits in certain and plans will go 'slik ́ ́ occuplëd. an unimportant | forward for doubling the strength place in the German market and of the Air Force.-Reuter. could, if necessary, be dispensed

11

الرسمية

The Hague, June 26. It is reliably reported that the Dutch Indies Government are re-with. placing the export duty an native It was possible to combine cot- ton, with rayon yarns, and rayon' developments have been favour- able to adaption for many purposes for "which cotton with rayon was formerly used.

system of individual licenses.

In the meanwhile the latest available information shows that the potential capacity of native production is considerably lower than previously estimated.-Reuter.

a number of high officials from ARSON GANG IN

the provinces, Marshal Chiang Kal Bhek left for Hangchow by.. air this afternoon en route for his

home town, Fenghua, accompani-

Rightly or wrongly the creditors of all countries no langez felt the confidence they had in the gooded by Madame Chiang. No oft- faith of Germany.

In the British note it was made clear that the door was still open for further negotiations, and the German Government were invited to send representatives to London for discussioris, in the hope that it might be found possible to avoid which were the powers using sought in the bill

clals were present at the aero- drome to see them off as news of the departure was kept a secret.

It is indicated that Marshal Chiang is making a very brief stay in Cheklang and is returning to Kiangst within a week

Mr.

CHIANG-ARIYOSIII INTERVIEW

Ariyoshi, the Japanese Minister arrived in Nanking i time to see Marshal Chiang Kai Shek at the latter's official re- sidence just prior to his departure.

According to Rengo, they had a

He was happy to say that this offer had been accepted, and he sincerely hoped it might be found (Special to the "Hong Kong Dalle still practicable to make some ar-

with the rangement

German authorities. which would ensure The three-men German delegä-fair treatment for, British bond- thirty-minute talk in the presence tion departed on Monday for holders and British traders, before London to accept the British July 1. invitation to negotiate the present transfer tangle. It is officially

that announced

the German Government in the course of Mon- day will deliver an answer to the June British Note published

On

22. The delegation is headed by

Dr. Berger of the Finance Minis- try. Transocean Kuo Min.,

PILOTAGE IN SHANGHAI

New Regulations Unsatisfactory

London. June 25. Replying in the House of Com. mons, to-day, to a number of questions regarding Shanghai pilotage, the Foreign Secretary, Sir John Simon, said that owing to the Chinese Government drawing up provisional pilotage regulations Intended to supercede those codin- ed in 1888, the British Minister to China, Str Alexander Cadogan, had made representations to the Chin- ese Government pointing out that the matter also interested foreign powers and that the new provi- sional regulations were unsatisfac- tory and that "it was understood; that this view was shared by other Interested Governments.

of Mr. Arino, Second Secretary of the Japanese Legation, who acted At the same time the Govern- as interpreter. ment could not postpone a request

None of those present would talk for the necessary powers, in the about the subject of the discus- hope of a solution which might, sion afterward-Reuter, after all, be found impossible, and they asked that the bill-might be passed through all its stages, so that, if it should" prove necessary,

they might have the powers to put THROUGH

it into force, in order to see that.

British nationals were fairly treat

ed,

With regard to the provisions of the bill, the Chancellor said.. that

did "the "Government

not like quotas. They had po present in- tention of Imposing quotas, and they must hope that it would not be necessary to use the powers contained in Clause I

RAIL

TRAFFIC

An Arrangement Reached

Nanking, June 26.

Applicable To Other Countries It is reliably learned that an Although he had spoken only of arrangement has been reached for the diferences with Germany in the resumption of through traffic wus matter, and although, in fact, on the Peiping-Mukden Railway. it was only the urgent difficulties

The arrangement will be made that had caused the Government public at Peiping on Thursday.- to introduce the bill, the clause Reuter. was not confined to Germany, and was drawn in such terms as would enable it to be applied to any other country, if the need arose.

Everybody must, be aware that It PHONE SYSTEM

B

was not possible to resort to measure of such a kind without a certain amount of Interference in the normal course of trade, and everybody would desire this inter ference to .be limited as far as possible.

With a view to the widest and most careful consideration of any difficulties that might, from time

IN CHINA

A Gigantic Project

London, June 28. The Chinese Government Pur-

has chasing Commission

been

The "Chinese Government, he to time, arise in the administra- ald, had indicated that the re- tion of the powers sought in the instructed from Nanking to invite fised version of the regulations bill, the Chancellor proposed to set tenders to construct a gigantle could be communicated to the up a small advisory committee.telephone system to link up nine nterested Governments in dae British Wireless,

chief provinces from Hopel to Kwang.

purse..

Yo

In view of that, and the fact

Tenders are also invited for hat the question was silli being the House that the British Govern-

scussed between, Sir Alexander ment was fully alive to the interests steel rails for the Canton-Hankow adogan and the Chinese Foreign of British shipping and British Railway, 20,000 tons to be delivered inistry, he was unable, at present, pilots who might be affected.-in Hankow and 10,000 tons in

Canton-Router. say more, but he could assure "Reuter.

CHICAGO

Twelve Persons Arrested

Chicago, June 28.

The "police are investigating an alleged arson gang, described as the biggest criminal ring ever un- masked here.

*

Twelve

including persons, woman, have been arrested. It is believed that they were responsible for the majority of Chicago's most serious Ares during the past three years and 80 per cent. of last year's $5,000,000 fire losses is attributed to them.-Reuter.

11

YAMAGISHI'S SUCCESS

Spectacular Play at Wimbledon

London, June 26.

In the Wimbledon tennis play 10-day, which was attended by overcast And windy conditions, 80,000 spectators, saw "Yamagishi (Japan) beat Le Seleur (France) 6-1, 6-2, 6-3.

The adaption of rayon for use with wool was more difficult, al- though Bemberg- and - the Farben Industrie were experimenting to this end.

He pointed out that it was neces- sary to sell these substitutes very cheaply if they were going to re- place raw materials successfully Reuter.

SILVER MARKET

(From Our Own Correspondent).

London, June 28. London silver prices to-day were down one-sixteenth, as follow:

June 25 June 28 20,5/16 201

201

·

AIRPLANE DIVES INTO"

CROWD

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

Budapest, June' 25. The speeding wings of an air- plane reaped a harvest of sight Ilves among the spectators of an air circus in the Yugoslavian town." Balisce, on Monday when an avia- tor last control of his machine and was forced to plunge into the crowd A dozen people, was mowed down by the impact, she dying. instantly and two later in hospi tal The pilot himself escaped with minor brutses while the plane was reduced to a junk beap. ---Transocean Kuo Min.

take on the part of a Boy Scouts" band who, belleving he was aboard, began playing a welcome, where- upon the bomb was thrown.

Gandhi arrived by car tree minutes later.

Five arrests were made.-Reuter

GERMAN SHARE MARKET.

(Special to the "Boor Kong Daily -

"Press" (Copyright.)]

Berlin, June 25, Business in the sharemarket was dull although certain, classes notably

the Potash companies and electrics, were in demand and. showed firmer prices Fixed in- terest securities were calm, the price changes being few although the muniefpat bonds and certain mortgage bonds after a drastic deline last week," recovered one per cent. and more. W

Call Money 4 per cent. Young Loan unchanged at 91, Reichs-

1537. Dye-, bank dropped 1 to trusts improved to 1491. Saladet. furth Potash, jumped 3 to 168.

German Steel "Trusts down" bor | 401. German Mineral Oils à firmer. ANOTHER REPORT

to 110, Siemenshalske sprang. 2 Belgrade, June 25.

to 1481, and Bemberg Rayon, Two men and three women were slumped 11 to 684,-Transocean. killed to-day when an aeroplane! Kuo Min.

at

Spot..... Forward ...... 20.7/16 The London on New York cross-crashed among spectators during a Belischtche, rate at 2.00 pr. to-day was flying display

Fifteen others were injured.- Reuter. 5.02-15/16, compared with 5.03 at closing yesterday,

PRESUMPTION OF DEATH

In Two-Year-Old

Mystery

Shanghai, June 26. The kidnapping of the British officer of the Chinese. Maritime Customs, Mr. Edwards, from Breaker Point lighthouse dh tha Pukien coast, two years ago, has been brought up at the British Court here.

The mystery of Edwards' disap- The Japanese secured an easy win over the French left-hander. Dearance has never been solved, but it has long been presumed that He gave a perfect display of fine he was killed by the bandits who driving along the side-lines and kidnapped him, his wife and four covered every inch of the court. children in February, 1932.

Yamagishi was spectacular in his

His

net work and chased the French-wife and children were subsequent-

ly released. man all over the court.

On a motion by Mrs. Edwards. Miki Beaten

the court granted leave to depose In the second round, Turnbull that her husband's death occurred (Australia) beat MI (Japan) 6-3, i on or after July 31, 1932, for the 6-1, 6-1.

purposes of settling his estate- The Japanese failed to produce. Reuter. his usual form and found difficulty in returning Turnbull's cannon- ball service, usually skying them out of the court, and was also uneven in his ground strokes, often finding the net.

MIKI, however, gave a delightful exhibition of net play-Reuter, Earlier results are given Page 10,

HOME CRICKET LATEST

03

London, June 28. Sussex won by an innings and 116 runs against Yorkshire st Shefeld:

زاد

Sussex 357 for 5 declared. Torks 126 (J. Parks 4 for 37,1 Wensley 5 for 46) and 115 (James Langridge 9 for 34)--Reuter,

į

FRANCO GERMAN TRADE AGREEMENT

[Special to the "Hong Kong Dally

Press" (Cnnyright.)]'; '

Berlin, June 25. In view of the impending expir- ation on June 30 of the Franco- German trade agreement conclud- ed ip August, 1927, negotiations have, beep begun here by the German and French delegations for a new regulation of commercial relations between the two count ries.

In order to prevent any no-trea- ty interlude, the two governments on Monday agreed by exchange of notes to extend the present trade agreement til July 31.-Trans- ocean Kuo Min.

R.A.F. OFFICERS KILLED

London, June 25. Three Royal Air Force flying officers were killed in a mid-car collision near Bristol, yesterday.

A fourth officer parachuted to the ground, but was slightly in- jured.4

There has been 10 fatal RAF. accidents in 1934, involving 17 deatha-Reuter,

REICHSMARKS QUOTA- TIONS

#

(Special to the "Hong Kong Dally „Press" {Copyright.}}

Berlin, June 25..

Reichsmark quotations (without

guarantee):

New York Paris

Amsterdam

- Paris (Sterling)

Dollar :1

.38.22:

1.579.86

...56.42.

.76.34

1517

-Transocean Kuo Min.

ASPIRIN

BY FAR UNSURPASSED

AS THE BEST-REMEDY ÄGAINST HEADACHE/

"COLD AND PAINS.

BEWARE OF IMITATIONS

LOOK FOR THE «BAYER CROSS»

BAYER!