1934-10-01 — Page 9

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ADOPTION OF GOLD STANDARD

Vigorous Denials By China

Shanghai, Sept. 29. The Chinese Minister of Finance, Dr. H. H. Kung, to-day vigorously. denled the reports that China has informed America that she is go-¦ ing on the gold standard as a result of the effects of the Ameri- can monetary policy,

Dr. Kung, in an interview with Reuter, said, that last Monday, in continuation of an exchange of views which had been going on at Washington for some time, China drew the attention of the American. Government to the hardships caused in China through the fluc- tuations in exchange and the

drain of silver from China.

He hinted that strong action was

likely when he said that the Chin-

It is pointed out that the torm-

er course would result in a further

HONG KONG DAILY PRESS MONDAY, OCTOBER 1, 1934.

CABINET IN BELGIUM

Crisis Averted

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

Brussels, Sept.. 29."

The Belgian Cabinet crisis has rise in silver, thus aggravating been averted as the result of the China's difficulties, while the lat-decision of the Finance Minister, ter course is ruled out as unlikely. As the immediate result of the declaration, Chinese banks and speculators sold, which, in the nar row market, caused a fall in price of 1/8, but India speculators stepped in at the decline:........... Reuter.

U. S. BILL ATTACKED

M. Sap, to stay in office. The de- cision was arrived at following an agreement among the members of the Cabinet late last night to em- bark on crastic curtainments in ali į spheres in an effort to balance the budget. It was agreed upon that each Ministry should submit to the Finance Minister up to October 15 proposals with that end in view,

The War Minister. M. Deveze. whose original opposition to any curtalment of his department had caused a tension within the cabinet and Bap's threatened re-

ese Government, as a matter es- ing power of China,” as some on-signation, has retreated from his

sential to mational interest, was giving consideration to measures which might be taken if circùmš- tances warrant, "and he had in- vited the American Government to co-operate."

11

He emphatically dented, how- ever, that an embargo on the ex- portation of silver was contem- plated.-Neuter.

LONDON OPINION

London, Sept. 29. Reuter's interview with the Chinese Minister of Finance, con- taining the statement that China is contemplating strong action to safeguard her silver interests, is If the main tople of conversation in silver circles, which, however, are at a loss to understand what action could be taken except an embargo on silver or the adoption. of a gold standard..

ล

EASTERN PACT

PROPOSAL

Poland's

Note

[Special to the "Hong Kong Dally

*

W

Press" (Copyright.)]

Parks. Sept., 28.

|

New York, Sept. 29. The opposition, organ, the New York Herald Tribune'. has not been slow to ridicule the Govern ment's silver policy. "adopt- ed in order to restore the purchas-

extreme standpoint and Ukewise thusiastic advocates in Congress asserted when the Bill was pend-acquiesced in the demand for cuts.

Transocean Kun Min. ing.

REACTION ON STERLING

London, Sept. 29. "" Fresh offerings from the Con- tinent have led to a resumption

15

TRAIN SMASH IN W

ENGLAND

Ten Killed And Twenty One Injured

London, Sept. 29.

A railway disaster resulting in the death of ten persons and in- Jurtes necessitating detention in hospital" of 21 others occurred on the London-Midland Scottish Line last night when at 9.10 p.m. the London to Blackpool express pas- senger train ran into the rear of a local passenger train at the junction near Warrington. The local train which at this point leaves the main line had not fully cleared the points when the ex- press overtook it.

Đ

ANOTHER REPORT

London, Sept. 29. Twelve are dead and 40 injured in the Railway accident at Win- wick Junction, three miles north of Warrington when the L.M.S. Euston-Fleetwood boat express crashed into the rear of a local train which was just leaylan Win- wick Station.

It is believed that the Mave of the express is dead but h's body has not yet been recovered. 3he

reman was injured.

Most of the casualties occurred

The dead were taken to Win- in the.. first two coaches of the express which were telescoped.jured to neighbouring hospitals. wick Mental Hospital and the in- Four other coaches were derailed and two rear coaches of the local train which were unoccupied were smashed,

Rescue work undertaken by

were

Twenty-six, Of whom 10 are women, ar now in Warrington infirmary, ail suffering from serious injuries.

Sir Josiah Stamp, Chairman of the LMS. Railway, and other high-oficials of the Company left for the scene on hearing of the disaster.

"When the history of the pre- seat period of monetary expert- mentation is written, no chapter. we are sure, will emerge quite as of the downward trend of sterling breakdown ranas who Iudicrous as the silver purchase in terms of the dollar and the promptly on the scene was assist- law," the journal states. "It re-

franc after yesterday's recovery ed by volunteers including passen- mains only for China to demone caused by Continentul bear cover-gers who escaped injury, tize silver to add the final touching in connection with the fum- Urgent messages for doctors and of irony to make the chapter per- ours that the Belgium Cabinet | nurses met with a speedy response." An official statement by the fect.

the Work was carried out with the | company says that nine dissensions might lead to

wêre killed ald of flares of electric, torches

as and 21, injured "It would indeed be poetic jus- abandonment of the gold stand-

their.. greedy short- ard by Belgium thus weakening and motorcar headlamps

It can be tice Lf by

Escertained. British Wireles

Reuter. sighted designis for the restora- the gold bloc. tion of silver, the silver interests To-day's news of the aversion ultimately

found hat they had of the Belgium Cabinet crisis re- driven that metal from its last re-sulted in the above mentioned re- maining stronghold," the news- versal tendency. newspaper adds. "Router.

HIS MAJESTY'S

JUBILEE

Belga improved from 21.14 to 21.05.-

Reuter.

SILVER MARKET.

Special Film To Be 1/8 down as follow:

Prepared

[Special to the “Hong Kong Dally The statement made by the

Press" (Copyright.)1 Geneva correspondent of "Oeuvre"

London, Sept. 29. about the contents of the Polish The latest recruit to the British note on the Eastern Pact has film Industry is. Mr. Winston aroused considerable disquietitude | Churchill who is now engaged by here. "Oeuvre" declares that the the London Film Productions, Ltd. note was long and involved, giv-writing the scenario of the film ing the impression at the first entitled **The Government of reading that Poland accepts the George V." This work is intended to Pact proposals subject to certain be a monumental character anc conditions, but closer examination will be one of the big features in reveals that in essence the Polish the jubilee celebrations of his Ma- Government refuses to move with jesty's taking over the reins of Germany and in no respect will!

government. act contrary to the spirit of the agreement signed with last January.

Germany

Mr. Churchill is entrusted with

the preparation of the material activity in the last twenty Ave years specially qualites him to write on the history period under

of the Alm because his political

review.

(From Our Own Correspondent)

London, Sept., 29. London Silver prices to-day were

Sept. 28 Sept. 29 Spot

22-7/16 22-5/15 Forward 22-9/16 22-7/16 Landon on New York cross rate at closing to-day was 4.96-1/8 compared with 4.98-1/2 at closing yesterday.

CONVERSION OF LIGNITE

To Benzine And Motor Fuel

[Special to the "Hong Kong Daily

Press". (Copyright.)] "

Berlin, Sept. 29.

The Polish Government in fact proposes that the German-Polish agreement be made an integral part of the Eastern Pact, Poland

In order that the processes for refuses categorically to sign aby

Two to three hundred copies or converting German lignite to be- mutual-aid agreement with coun-

the film will be prepared so that zine and motor fuel to the highest tries that have no diplomatic re-

they may be shown simultaneous-pitch of efficiency, the "Reichs lationships with her-obviously re-

ly throughout " the.. British ferring

to Lithuania, Moreover, Poland refuses to undertake ob- ligations to Czechoslovakia and declares herself completely disin- terested in the Danube question.

"Oeuvre" concludes that the French Government will very soon address certain questions to Po- land about the future of Franco- Polish alliance in Poland's foreign polley.-

Tranincean Eua Min.

NEW PUMPING PLANT

Largest In The World

London, Sept. 29.

Empire- Transocean Kun Min.

LEAGUE HELP

TO CHINA

Work Of Technical

Co-Operation

Economic Minister issued a decreo on Saturday asking firms. who con- template starting the new enter- prise to apply for permission first so that, where advisable, the cap!- tai may be pooled and work can be started at advantageous points where production is cheapest.

The object of compulsory com- pany formation, is for economic collaboration and to help the lignite, Industry. as a whole and to safeguard the available ready capital against misuse. Small and large arms will be treated exactly alike by the Ministry of Economics, The works erected will remain the property of the participating firms

CHIEF SCOUT'S TOUR

Includes Visit To New York

London, Sept... 29. The world tour of Lord Baden Powell, Chlef Scout, which begins

on October 27 will embrace visits

A3

NEW TRADE TREATY

Between France And Canada

far

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

Paris, Sept.-29.

THERE'S A PEDIGREE * to “BLACK & WHITE”. that dates back to the earl- iest days of whisky distill. ing. This choice blend of fine old Scotch Whisky fulfils your utmost expectations."

“BLACK & WHITE" is bottled in our own bonded warehouses in Scotland and its unsurpassed quality is uniform the world over.

JAMES BUCHANAN & Co., Ero, Glasgow & Laxson

BLACK & WHITE'

SCOTCH WHISKY

INTERNATIONAL

SOCCER

England Beat Wales

London, Sept. 29. In the first international soccer match of the season, played at Cardiff before a crowd of 50,000 people. England beat Wales by four goals to all,

A new commercial treaty be- to Gibraltar, Port Said, Aden, Cey-tween France and Canada was England won the toss and Wales lon, Malaya, Australia, New Zea- signed on Saturday. The Canad- opened with a raid which was land. United States, Canada and an Premier, Mr. R. B. Bennett quickly checked. The English left- Newfoundland.

concluded the negotiations per- wing were early prominent in the He will be accompanied by Ladysonally and left Paris immediately game, and in the seventh minute Baden Powell, Chlet Guide and after signing the agreement.

Brook the outside-left, cleverly their two daughters and every Both countries made far-reach- || gathered the ball and screwed where will be met by representa-ing concessions, Canada renoun- across to Westwood the inside- tives of the movement which has cing import duties on wine, H-left who drew the defence, and active membership of nearly 3,500,- queurs. champagte and cheese pushed the ball to Tilson, the 000 exclusive of millots of men while France conceded a mini-centre-forward, who easily beat and

women who have passed mum tariff reduction in

certain the Welshgoal-keeper. through the ranks.

Canadian agricultural produce. The features of the tour will be whisky, timber and all kinds of an attendance. at the Australia wood- Jamboree rear Melbourne D Transocean Kuo Min. September 28, and a similar gather- 2ng of American Boy Scouts at New York,

Soon after his return to Eng- land Lord Baden Powell, who is 77 years old, will visit Sweden for the world Roter Scout meet there is due to leave for South and

a little later.— Africa British Wireless,

CHINESE EASTERN

* ✩ RAILWAY

(Special to Hong Kong Dally Press")

Messages

.!

CHINESE MISSIONS IN

EUROPE

Departure From Germany

Berlin, Sept. 29. After a very successful and as they themselves said delightful

stay in Germany lasting more than two months, the two Chinese com- missions headed by General Stu Ting Yao and Vice-Minister of Transport, Yue Pel Feng, left Ger- many for Poland Czechoslovakia The Chinese guests and Russia. were given a hearty send-off by members of the Chinese Legation and their лишето

German friends.

(B Telegraph, Copyright, Tate rapkic

Ordinance, 1894- Received, "September 30, 7:30 p.m.) Moscow, Sept. 30: Negotiations for the sale of the Chinese Eastern Railway have

Last night the chiefs of the two been brought to successful con- commissions gave a farewell din cluston according to information her which was attended by more emanating from reliable sources than one hundred prominent here. It is added that the price people including. high officials of in proportion of the capital sub-fixed amounts to 140 million yen the German foreign office, Rekha- Geneva, Sept. 29. scribed.

and not 170′ million yen as report- Į wehr Ministry and others.— The League has not appointed This measure aims at regulating {ed from Japanese sources on Sept. Fransocean Kuo Min. anyone to succeed Dr. Rajchmänn the production of synthetle motor 24. in connection with the work of fuel in which Germany is forced It is also emphasized that this technical collaboration in China, to minimise her import owing to transaction does not involve re- but a director of one of the com-

the lack of foreign currencies for cognition of Manchukuo by Soviet petent sections of the League will respecting international payments. Russia. be despatched to China for a short | —Transocean Kuo Min, period to examine the measures necessary for ensuring a continua- tion of the development work.

A new sluice and pumping sta- tion including the largest pump- ing installation in the world was opened yesterday by the Minister

It is not yet decided who will of Agriculture, Mr. Walter Elliot It will drain the heart of the fen

be sent, or the date of his de- country and will deal with food parture. The director's mission will be to examine the present waters of rivers and mews.

Mr. Elliot said that the vast situation with reference to tech. ares which would be drained in-, nical co-operation, particularly

from the administrative side, and

cluded, 140 acres of some of the fertile land in England represent- ing £3,000,000 in value and the livelihood of many thousands of tion'. men and women."

?

BUSIEST SHIPBUILDING

· CENTRE ⠀⠀

(Special to the "Hong Kong Daily

Press" (floppright.)] Det Belfast, Sept. 30 This city now boasts of being

the extent of seven million pounds

Transocbum „Kun Min.

KING BORIS GIVES A BANQUET

(Special to the "Hong Kong, Dalis Press" (Uopyright,}],"

Sofa, Sept. 20. Agala banquet in honour of

MILITARY SERVICE FOR WOMEN

(Special to "Hong Kour Daily Press")

By Telegraph, Oopyright," 'Tela graphio Messages". Ordinance, ', 1894. Received, September do. 7.30 pm) Berlin, Sept. 30.

All women between the ages of 20 and 15 will take part in mill- tary exercises if called to the col- ours, is the kubject of a new de- cree.

The military experts are at pre-

the new decree" which excluder

the establishment of an organisa-the busiest shipbuilding centre in Yugoslav Royal couple was given tion to ensure oficial co-opera-the world, having work in hand to by King Boris and his consort last sent busy drafting the details of

There is also a complication in sterling The shipbuilders here night and was attended by Prince Seventy per cent of the labour the Japanese attitude concerning are intending to submit tenders Kyrill, Frincess Endoxia, the members of the clergy and of the

Parliament as well as invalids. employed for constructing the thternational interests in China for the contract for the sister ship Yugoslav Foreign Minister Jeftich, Fransocens Rus M pumping scheme was obtained which is doubtless partly respon to the giant. Cunarder, Queen the Bulgarian Premier, Georgieffek from distressed mining areas and sible for the Committee's decision Mary which was launched recently and Foreign Minister Batolon and many of these men have found not to renew Dr. Rajchmann's by Her Majesty the Queen in many others including blÿti mill- permanent work in the district.

Bcotland

tary officials. The utmost cordiality British Wireless,

Transocean Kuo Hin.

marked King Berig's toust to the

contract -Reuter,

Yugoslav rulers whilst King Alex- ander's reply was zo less cordiál: -Transocean Kuo Min.

Matthews scored almost immed-

lately after the restart and then both goalkeepers were subjected to a hoctic five minutes during which both sides played great

HOME RUGGER

London, Sept. 28

The following were the regnite of rugger matches played, to-day:

Blackheath 27. Brkenhead P. 32- London Scat. 12, Old-Merchant

T. 4

Old Leysians 5, Manchester 10 St. Bart Hosp. 9, Old Blues, 3. TM Bath 0, Harlequins 6

Bedford 11, Richmond 8 Bristol 7, Gloucester 13 Cardiff 12, Fontypool 0 Goventry 2 Guys Hosp. Ô Crosskeys 9, Swansen 14 Headingley 13, Hartlepool R. Leicester 29, Waterloo 5 Llanelly 6, Newport, 16". Northampton 5. Old Milihiilians.

$

Neath 26, Aberavon "11 Plymouth A, 3, Camborne 3 Redruth 11, Devonport Ser. 3 Portmouth Ber. 3. Rosslyn P. J Glasgow Acas. 21, -W. O'Scot Heriotonians 9, Jedforest 3 Wasps 20, Streatham 0 -- Reuter.

PERSIAN FOREIGN

MINISTER

football, Shortly before the end (Special to the "Hong Kong Dally

Evans and Hibbs, the England custodian. collided, bath being knocked out Phillips, the out- side-right, rushed up and shot, but missed. Evans suffered from slight concussion.

Tilson scored England's fourth goal in the closing minutes. Reuter.

Press" (Copyright.)];

London, Sept. 29.. The Persian Foreign Minister, Baghir Khan Kasemi arrived here? last night from Geneva and was met at the station by a representa~ tive of Sir John Simon.- Transocean Kuo Min.

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