1934-08-23 — Page 8

8

HEW ADVERTISEMENTS

POWER OF ATTORNEY

THE TEXAS, COMPANT (CHINA) LIMITED.

NOTICE is hereby given that on

account of transfer to ther duties, the Power of Attorn y issued to Mr.A. Jones as District Account- sat for The Texas Company (Chins) Ltd, at Hong Kong has been

cancelled and recalled.

Similar Power of Attorney has been issued to Mr. L. H. G Frost who has boso appointed District Accountant at Hong Kong to succeed Mr. A. Jones.

THE TEXAS COMPANY.

(CHINA) LIMITED,

By: J. C. WILLIAMS, Asst. General Manager. Hong Kong, August 11th, 1984.

(2289

THE HONG KONG JOCKEY CLUB.

RACE FIXTURES FOR 1933.

“Annual Race Meeting

Saturday, 18th February Monday, 18th February Tuesday, 18th February Wednesday, 20th February Saturday, 3rd February Saturday, 2nd March,

Faturday, 23rd March

Saturday, 6th April

3rd Extra Race Meeting Saturday, 20th April 14th Extra Monday, 22nd April.

(Easter Monday Saturday, 4th May,

Saturday, 18th May

Saturday 1st June

1st Extra Race Meeting

2nd Extra Race Meeting

牲

2.

Race Meeting

6th Extra Bace Meeting

6th Extra Race Meeting 7th Extra Race Meeting

Saturday, 21st October

8th Extra Race Meeting Thursday, 10th October | 9th Extra

Race (Double Tenth) Saturday, 12th October Meeting Baturday, 19th October

Saturday, 2nd November.

11th Extra Race Meeting Saturday, 18th November..

Saturday, 30th November...

Saturday, 14th December

10th Extra Baco Meeting

19th Extra Race Meeting

13th Extra Race Meeting

14th Extra Race Meeting [2287

HONG KONG TRAMWAYS

·LIMITED.

NOTICE TO SHAREHOLDERS NOTICE IS HEREBY GIVEN

Editorial and Business Office: 11

Ice House Street. Tel. 3028) Night Editor (Wanchai- Offos)a

Tel: 94513.

London Office: 83, Fleet Street.

5.04

The Daily Press.

HONG KONG, AUGUST 23, 1934.

LOCARNO IN THE EAST

Just recently Europe has become quite enthusiastic about peace, revived hope in this direction being pinned on the new device, an Eastern Locarno. It must not be

taken, however, that this

HONG KONG DAILY PRESS THURSDAY, AUGUST 23, 1934.

CHINESE

EASTERN RAILWAY NEWS AND COMMENTS

Tokyo's Sharply Worded Statement To Moscow

REQUEST FOR A DECLARATION

Involving Japan In A

“

Crisis

95

The Japanese Consul In Hong Kong has forwarded to us the full text of an official statement Issued by the Foreign Office in Tokyo detailing negotiations with the Soviet Government on the question of the Chinese Eastern Railway. The statement, which is given below, asks the Soviet Government to make demonstration of its intention to sell the Railway

In a

a duplicate of the pacts'signed n 1925 at that Italian town from which it takes its name, but it is

Tokyo, Aug. 3.. somewhat of the same nature in that it proposes third-party 'guar.

sharply-worder official antees, against an aggressor." One | statement the Foreign Office last may go further and say that the night asked the Soviet Government scheme is not even a pact. It re- to "make a proper demonstration " quires the vital adheston of

of its intention to sell the North Germany and Poland and it cen Manchuria railway to the so-called be readily seen that there are real Manchukuo. The statement des- obstacles to their

outset agreement.cribes how at the

of However, the outlook is not gloomy negotiations on June 26, 1933, the even if it may not be described as Soviet representatives' proposed 250,000,000 gold rubles as the price bright. So many already been topped; Russia has for, the Railway. This converted been brought back to Europe" as

into Japanese currency at the "so- a potential guarantor of peace and called" official exchange rate of a member, of the League of

the Soviet Government totalled Nations: France and Russia are approximately 625,000,000 yen. The widening their alliance with an

Soviet delegate also insisted upon Invitation to the Baltic states. payment by the so-called Manchu - Germany and Poland to join in a

kuo of entire discharge allowances pact of mutual assistance. Then to the Boviet employes of the with Britain and Italy promising Railway. their blessing there is hope of com-

7

hurdles have

pleting a definite pact before the League Assembly meets next month. The statesmen-and the peoples-so often disillusioned, are

cautious about indulging this hope. But even the possibility of an Eastern Locarno offers a prospect so much brighter than that they have faced for several months that talk of disarmament itself has been revived. The fact is that the nations still unwilling to go to war deliberately to enforce peace through the League are also un- villing to face the alternative of being dragged into war through a revived balance of, power. The prospect of a new Franco-Russian alllance against Germany recalled that futile attempt to keep the balance between Triple Alliance and Triple Entente, which ended

at Sarajevo. Germany was lo- creasing her purchases of planes. and Britain suddenly discovered she couldn't be as neutral as she had been hoping to be.

If Great Britain's first line of defence was the Belgian border in 1914 in this day of aerial warfare she could not continue to act on the assumption that the Channel was an impregnable line. British statesmen found new sense in

demands

The so-called Manchukuo repre- sentative presented counter- proposal setting the price at 50,000,000 yen in consideration of the actual progress

of tallway

construction in the so-called Man-

chukuo and also with an eye to the fact that the North Manchuria Railway was under the joint man. agement of both the so-called Manchukuo and the Soviet Union, Later the Soviet delegation offered to reduce the initial figure by 50,000,000 gold rubles. Obstructed by abstract arguments, the state- ment says that negotiations drag- ged on until October when they were brought to a standstill because of Soviet propaganda efforts alleg. ing that Japan and the so-called Manchukuo were conspiring to

proper

submitted a counterplan in which the price was reduced merely by another 10,000,000 yen to 160,000,000 yen with discharge allowances to Soviet employes still to be paid by the so-called Manchoukuo. This Soviet proposal also contained new conditions of transfer including the so-called "gold clause" govern- Ing cash payment and the terms in connection with the means of payment in goods, the said valve, of goods to be fixed upon conclu- ston of transfer negotiations.

FROM THE NORTH

Overseas Chinese And Investments In China

SAFEGUARDS NEEDED AGAINST EXPLOITATION ·

Mr. Hirola, Japanese Foreignspection Commission discovered Minister, who has been mediator

In the negotiations

and succeeded ät last in promotion to the above stage by dint of its earnest endeavours to bring closer views of interested together the

troublous circum- parties amid stances. Whether or not the pre- sent negotiations will come to grief as is predicted by some observers can only be seeti by future develop- ments."

The parley, however, will never succeed if it is to be subjected to Mr. Hirota sought to persuade delays and postponementa under the Soviets to reconsider his plan, pretext of disputes arising on the but this was once more rejected by spot from time to time If the the U.S.S.R. on August 10 where- Soviet Government really intends upon Mr. Hirota advised both the to transfer the Railway and destres so-called Manchoukuo and the to do so as soon as is possible it Soviet representatives to try to certainly should make a proper de- settle the affair by direct négotia-monstration of such an intention.” tions between themselves. On August 13. Mr. Ohashi, the so- called Marchoukuo delegate, called on the Soviet Ambassador who stated that unless a proposal for a higher price was forthcoming from the so-called Manchoukuo the Soviets had no intention to enter upon direct negotiations.

Mr. Ohashi" pleaded for further and more careful consideration and informed the Ambassador that under the circumstances his stay in Tokyo was useless and that he would leave though his departure was not by any means to be taken. as an intimation of the so-called Manchoukuo's intention to break up negotiations. Mr. Ohashi ac- cordingly left Tokyo, but Mr. Ting, chief delegate, is still staying here. "The Soviet Government bas of late come to regard the proposal of our Foreign Minister s some-

thing like an altimatum and it has furthermore disseminated propa- tain relationship" between the ar- ganda alleging existence of a cer-

MORE C.E. R. ARRESTS

Mutual Fears Of Attack

Harbin, Aug. 22. Seventeen Soviet employees of the C.E.R. General Manager's office have been arrested.

Observers summarise the situa- tion as most threatening as any- thing is possible if the countries launch intimidatory demonstra- tions, manoeuvres on frontier zones or move large troops, as the coun- tries are mutually afraid of sur prise attacks and air raids withoug warning.- Reuter.

As result of a recent visit to other places, the Chinese resident Kwelchow to investigate possibil- there have been interested in the ities of local industrial develop-ides of making investments in fent, the Chinese Overseas, In- China, specially as there is a pro- spect of obtaining more profitable rich petroleum deposits in the returns. In this connection, how- Chungshan district. It is believed ever, the "Shun Pao" considers it that the full development of these necessary to point out that the wells would yield sufficient all to Overseas Chinese have been ai- supply the South-Western markets, ready persuaded on many occa- which now consume a large quant-stons to make investments in ity of imported petroleum, As China and 'got nothing in return. soon as the bandit menace is re- Many Chinese have gone abroad moved, a number of Overseas to solicit financial support on the Chinese have decided to invest in pretext that they were about to the development of the petroleum i start 'some-enterprise. but when industry and other promising in- they got the money quietly disap- dustrial enterprises in Kwelchow, peared and were never

seen or and the Provincial authorities are heard of again. The Chinese in doing everything possible to fac- Sydney recently organized an In- itate Overseas Chinese invest- spection Commission to investigate ments in this area.

trade possibilities in China, but. when the Commission reached. Kiangsi they were robbed. Mr. Tseng

2 Shang-yaun, wealthy cently returned to China with the Chinese resident of Rangoon," re- intention of investing his money In this country, but when be ar- rived atɑAmoy he was kidnapped by bandita. With such discourag- Ing

PATRIOTIC SACRIFICES BY

CHINESE ABROAD

foreign countries, and the pro- Despite their long residence in cesses of assimilation which some times tend to a lack of knowledge even of their own language and of what is going on in China, Overseas Chinese are usually more intensely and actively patriotic than their brothers at home. Dr. Sun Yat Sen once said that, Over- seas Chinese were the parents of the Revolution, which is true to the extent that Overseas „Chin- ese have done much in many ways to support the Revolution. They have watched the progress being made in the countries where they reside, and they want to see China develop in & similar manner. Many of them have also long been victims of undue oppression and maltreatment, which is another

reason why Overseas Chinese are so intensely patriotic. They hope that China some day will be one of the World Powers strong enough to protect their lives and proper- ty, but the Shum Pao is of opinion that China has falled to live up to expectations and in many cases has bitterly disappointed her sons

overseas.

the

incidents on record, Shanghai Journal urges that the Government should do more than simply encourage Overseas Chin- 2se to invest their money in China, and first take steps to re- store lost confidence and assure prospective investors of full pro- tection.

.1

NATIONAL ECONOMIC SURVEY

NEEDED

Another difficulty which the "Shun Pao" insists must be solved Is the question as to where money from overseas can be most suitably Invested, The big cities are al- readyswamped with surplus capital which remains idle, but the state of practical bankruptcy and other unfavourable conditions in villages and small towns do not hold out any prospect of good result from Investment in the interior. The Government therefore should take the lead in Investigating economic DISHONEST PROMOTERS

and other conditions throughout The Shanghai Journal declares the country, in order to be able to that all Overseas Chinese have make definite plans for develop- received in return for what they ment and to give helpful advice to

solation. Millions of dollars have ernment can give earnest atten- been generously contributed to the tion to this problem, there is no development of

that their homeland, I doubt"

Overseas Chinese and now the Government is launch would greatly appreciate such as- ing a project calling upon Over-sistence, and promptly respond to Chinese to invest more in the anggestions being made that China, Through the encourage- Chinese capital now held overseas ment given by Mr. Chen Kung Po, should be made use of in develop- Minister of Industry, during his ing China's own economic re- recent tour in Malaya, Java, and sources and possibilities."

INTERNATIONAL bave done is merely spiritual com- prospective investors. If the Gov-

rests made in connection with damages frequently trains on eastern section of North caused" to

tions for transfer of the Railway. Manchuria Railway and negotia-

That the Japanese Foreign Minis- Onter is only a mediator and as such. he is not in a position to present an ultimatum has been specially explained by him to the Soviet America Perturbed delegate."

seize the Line by force.

Negotiations were reopened in February this year when one Soviet representative submitted to Mr. Hirota a new figure of 200,000,000 yen in paper currency as the price for the Line and also asked for an additional sum of about 30,000,000

table of assets and Habilities as of yell for discharge allowances. The January 1 this year was,” also' transmitted to Mr. Hirota April 26 the so-called Manchoukuo proposed to raise the purchase

from for security. price

50,000,000 yen to General Weygand and M. Barthou 100,000,000 yen on condition that seized the moment for visits to London. And when they returned to Paris, France echoed rumours of an "understanding" approaching that other indefinite " entente" which troops into Flanders fields jäst twenty years ago. Surveying the

that an INTERIM DIVID END of 10 (fifty) cents per Share has been declared payable French

on THURSDAY, 23rd AUGUST, next, on and after which date Dividend Warrants may be obtained upon application at the Registered Office of the Company, Canal Boad East, Bowrington, Hong Kong,

NOTICE IS HEREBY ALSO GIVEN that the REGISTER of MEMBERS of the Company will be closed from THURSDAY, 9th, to WEDNESDAY, 22nd AUGUST, 1934, both days inclusive.

Hong Kong, 31st July, 1934.

AGENCIES.

with

took British

whole scene 1934 began to look

altogether too like 1914. Europë saw a spectre. New devices were demanded.

the so-called Manchoukuo was to succeed to, all credits of the Rall- 2.5 well as assuming all way Habilities as shown in the above mentioned table of assets and liabilities, while the Soviet Union was to pay for discharte allowances only proper that she should do so to Soviet employees since it was

as sellers of the Railway.

TIN POOLS

དྷཱ་

Was

The arrests made in connection with damages caused to trains are

Washington; August 21. purely and simply judicial cases

"The United States is the con- concerning conspiracies to wreck sumer of over fifty per cent. of the military trains which have occur- world's tin supplies and yet the red frequently since early spring industry is dominated by an inter- with negotiations for transfer of United States, by which foreign of this year and have no relation national agreement excluding the the North Manchuria Railway, the producers have doubled the price statement said. "Furthermore al- in the last two years, The Soviet representative only though the Soviets maintain they testimony given to-day by officials By Order of the Board,

replied as late as May 25 that the have made great concessions in or the State Department at the W. F. SIMMONS, It was out of this desperation Soviet Union was willing to reduce prices offered by the Soviet in the preliminary investigation into the

„Secretary," that the project for an Eastern

its price by 10,000,000 yen. At this early stages of the negotiations, problem of tin supplies. Lorcaho emerged.

juncture Mr. Hirota, presented a namely It promises tentative

250,000,000 gold rubles plan providing that (625,000,000 yen) when compared taken by the Foreign Affairs Com- The investigation is being under- to transform [2748

a Franco-Russian alliance Into a whole system of basis that the price was to be February of this year ranging from tives as ordered by the House of negotiations be concluded on the with later figures named since mittee of the House of Representa- mutual-assistance pledges, and as 100,000,000* yen and Sir John Simon pointed out in the charge allowances be

that dis- 200,000,000 yen to 160.000.000 yen June 15. House of Coinmons, on the face of

defrayed constitute nothing but a concession by the so-called it, it certainly offers more hope of

Manchoukuo. that initial prices had been based Over and against the foregoing on gross exaggeration. " peace than an alliance, which

plan the Soviet représentative Various observations had been Germany could only look upon as offered to further reduce the price made as to the rem intentions of an instrument for keeping her in.

by 20,000,000 yen that is to the Soviet Government with regard subjection. Under the pact, Ger- 170,000,000 yen,, which still left a to its proposal to transfer the many has the fight to call on any wide gap between the Agures North Manchuria Rallway, the of the signatories, even her up- quoted by the so-called Manchou statement says. It has been Mr. McReynolds, said that the posed enemy, France for ad kuo and the Soviet Governments, alleged that the USSR iz trying United States to seeking to develop against an aggressor. The same is rendering it hopeless to carry on to delay parleys in the hope of the tin industry in the United the case with the other countries, negotiations to a successful con- geeftig Japan involved in an inter-States and Alaska and is also seek and these are only the boldest of clusion.

national "crisis" which the Sovieting to discover suitable substitutes. Mr. Hirota on July 23 proposed I presumes to be imminent. "There--Reuter that the price be set at 120,000,000 fore even if the price of the Rail- Fer and that the so-called Man-way was agreed upon, negotiations choukuo should shoulder the could be made to drag on inde- obligations for lowances to Soviet employes. On winter should the Soviets choose to discharge al finitely until at least the coming July 3 the Soviets, rejecting the delay discussion on other points of above mediation plan of Mr. Hirota, deed were the real intention of the ed Dr. J.-J. Thomas, member of

Washington, August 22. transfer” conditions.” If such "in- President Roosevelt has, appoint- USSR., "the situation would then the Federal Reserve Board, to the be really very grave," the atate- vice-Governorship of the Board.# ment declares.

White House announces that

The London Office of the... HỌNG

KONG DAILY "PRESS, 63, FERET STREET, ELC, is constant

ly receiving Enquiries from Home Manufacturers regarding Suitable Firms to act as Agents for their products in Hong Kong and South China..

If Loont Companies desirous of taking

up further Agencies will let n know the Lines in which they are Interested the information will be forwarded to London sad passed on to interested parties as op portunity offers,

Mr. Roy Veatch of the State Department, testified that in the event of war, the United States, where no tin is produced, would have less than two months' supply of virgin tin.

The chairman of the Committee,

seas

DOUGLAS AND MARY MEET

Possibility Of Reconciliation

NEWS SUMMARY

The agenda for to-day's Legis- lative Council Meeting appears on.