1935-01-31 — Page 9

AFFAIRS OF PRODUCE BROKERAGE FIRM

RECEIVER APPOINTED ON BÄNK APPLICATION

General Manager In India Commits Suicide

firm with worldwide connections especially in India, are having a demoralising effect on Baltic Exchange on several commodities."

Small particularly ground nuts.

London, January 30. The Chartered Bank of India, Australia and China, on ts own behalf and five other important Indian Banks applied to the Bankruptcy Court for appoint- | business

is passing in order to

BS

but prices are not Ladicative of the true market

business s difficult to arrange pending an auditor's report. "

ment of a provisional receiver of cover outstanding commitments, the affairs of Strauss and Com- pany, Limited. of Holland House, Bury Street, Landon, one of the biggest drms of produce brokers conducting a large business in India. Mr. Deloitte Plender Grinth has been appointed as * Receiver.

Grent excitement prevailed in Bombay and Karachi where the seed and grain markets were closed.

Baltic exchange was very quiet since Saturday when rumours. of the Banks' action were first heard

-firuter.

·BALTIC EXCHANGE AFFECTED

"London, January 30. The financial difficulties of a

|

A deficiency is estimated around £1,000,000-

Reuter.

W.

MR. WHITEHOUSE DEAD:

Bombay, January 30. Mr. H. G. Whitehouse, General Manager in India of Strauss & Co., Ltd.. fell from the fourth floor of the Taj Mahal Hotel.

ኪነ

DI

At the Inquesta verdict suleide whilst temporarily insane was returned. Reuter

RACE IN NAVAL | SHANGHAI DRUG

ARMAMENTS.

L.

CASE

Mr. Davis Deprecates Mrs. Victor Johnston

Loose Talk

New York, Jan. 29.

Surprise ment at

Acquitted

Shanghal, Jan. 30. "We should not talk loosely of

greeted the announce- an impending naval armaments

the British Court this race." declared Mr. Norman Davis, inorning when the narcotic case America's chief delegate to the re-involving Mrs. Victor V. Johnston. .cent naval conversations in Lon-wife of an Australian sea captain, don, when he addressed a dinner was dismissed because of lack of gathering of the Council of For- alrect evidence eign Relations here tonight. Reuter.

The dominant issue of the Lon- don talks, he said, was "equality of security as opposed to equality of Armament."

"I regard, and I know President Roosevelt regards the former as a fundamental and sovereign right of cach Power," Mr. Davis admitted, "But the 5-5-3 ratio for "Britain United States and Japan is errone- ously considered to imply a differ ent degree of sovereign right. We must remember that a nation's military power consists of her navy, army and air forces, and the combined strength of the Japanese In this is greater than that of America. "I do not consider this affects the natiorial prestige of America," he said Reuter,

#

ELECTORAL REFORM

IN HUNGARY

__[Special_to""Hong Kong

Daily Pres"}

ty Telegraph, Copyright, Tete #raphic Messages › Ordinance.

Beceived, January 3, 4-30 p.n.}"

Budapest, Jan. 30.

Government's

The Hungarian

HONG KONG "DAILY PRESS, THURSDAY, JANUARY 31, 1935.

HEIR TO DUTCH INDO-BRITISH

THRONE

Princess Juliana Seriously III

TRADE

AGREEMENT

Rejected By The Assembly On Small Majority

New Delhi, Jan. 30. The Assembly rejected the re- cent Indo-British trade pact. by 66 votes to 58 though it is sure to be eventually certified under the Viceroy's over-riding powers.

Congress and other Opposition- Ites held it was imposed on India by an arbitrary government and they claimed that neither the In- dians nor the Assembly accepted the principle of Imperial Prefer- The debate was based on the ence except under threat and the Commerce Member's motion ap-pact Implied restriction of dis- proving the pact, but the opposi-criminatory protection which

tion produced two amendments,safeguarded British industries at one of which was to the effect the expense of Indian industries that the agreement be terminated and handicapped India from ne- forthwith and the other recom- gotiating with other countries- mended that before the Assembly Reuter. reached „conclusions on "the "sub- ject India's commercial opinion should be consulted

The Government officials 'con- The Haguo, Jan. 30.-Princess tended that the agreement mere- Juliana. heir apparent to they conventionalised fecal practices throne of Holland, Is seriously II of the Government conducted with according to the Dutch news- the Assembly's approval in recent

papers-Transocean Kuo Min.

SILVER MARKET

(From Our Own Correspondenti

London, January 30. London Silver prices to-day were down 1/16 as follow:-

Jan 29 Jar 30 ..24-3/4

Spot

24-11/16 24-13/16

Forward........24-7/8 London on New York cross rate at 2 pm. to-day was 4.8725' com- pared with 48725 at closing yes- terday.

years.

fi

HAUPTMANN

TRIAL

Ordeal With State Attorney

ง

Flemington, Jan. 29. A tedious examination of the financial dealings between Haupt- mann and Isidore Fisch was a festure of to-day's proceedings in the Hauptmann trial, Mr. Willentz, the State Attorney General, striv- ing to drive home the point that

he had received only £400 from Fisch.

RATIFICATION UNNECESSARY

London. Jan. 30.

It is learned that the Anglo-In- dian trade agreement does not re- quire the ratification of the As- sembly.---

Heuter.

NO RELATIONS WITH SOVIET

Belgian Attitude Unchanged

WHITEST

Gordon's

PUREST

GIN

&BEST

THE HEART OF A GOOD COCKTAIL

U.S. AND WORLD *COURT

Disappointment In League Circles

Geneva, January 30,

TUNNEL THROUGH

MOUNT BLANC.

(Special to **Hong Kong

Dalis Fress”)

(By. Telegraph,

Copyright, Tas. стари Малладия Ordinance. 1994- Received, January 30, 4-30 p.m.)

Brussels, January 30.

Paris, Jan. 30. The Government adheres to its

An Interesting motion Was attitude to refuse to renew official

tabled in the Chamber by severa relations with Soviet Russia, it

Surprise and incredulity is ex-deputies from the Savogen de- was announced by the Foreign pressed in League circles at the partment urging the Government Minister in parliament. It did not United States Senate's failure to; to get into touch with Italy rela want to see a bureau of Soviet ratify America's adhesion to the tive to the ambitious scheme of propaganda established in Brus- World Court as a two-thirds building a tunnel through Mount Belgium abstained froin majority is regarded as a foregone Blanc. The motioners, in support voting on the Soviet's admission conclusion. It is felt that the de-of their demands, argued that the to the League because she was cision is most unfortunate for the scheme would, if carried out, en- guilty af veritable spoliation of League, and in some degree for Belgian industrial concerns.

courage the foreign tourist trafic, America also it means a serious relieve unemployment and would Government evolution of Soviet ideas, but saw

was observing the setback to recent successful lead to better understanding no reason to change the present

among nations.~~- Transocean Kuo Min.

"ABROGATION OF Hauptman's records showed that sels.

GOLD CLAUSE

Guidance For U.S. President

Washington, Jan. 30.

the

The case arose from the dis- covery of a "regular morphone Mr. Henry Morgenthau and the factory" in. her home following Attorney General have drafted a atre on January 2. At a pre-series of suggestions for President vious hearing it was submitted by Roosevelt's consideration in the defence that the manufacture event of abrogation of the gold of drugs could have been carried clause being declared unconstitu on by the servants "without the tional. One suggestion is that the knowledge of the mistress,

Treasury, without intending to defy the Supreme Court, should ignore" the Court's order. for Government's bonds to be redeem- ed to gold or its equivalent in the present devalued currency on the grounds that until the Congress changes the gold content of the dollar, the Treasury cannot do otherwise as it only recognises a dollar fixed by Congress,

THE CHAHAR

INCIDENT

Peace Conference At Tatan

Reuter

learns

Pelping, Jan. 30.

the

on

A violent argument developed between Mr. Willents and Haupt- mann, with their heads only a few inches apart, each glaring and shouting at one another. Haupt- mann's eyes were blazing, while attitude.-- Mr. Willentz was pale, with anger. Reuter.

As the cross-examination drew. to a close. Mr. Willents electrified the Court with a barrage of ques- tions, concluding in a thunderous voice: "Hauptmann, you have con- cealed everything and lied about everything."

"No," retorted Hauptmann in s deep, angry voice.

After two days of cross-examina- tion, Hauptmann had the last word, because, as Mr. Wilentz turned away, Hauptmann was still vehemently and violently protest- ing that he had concealed nothing. To-morrow, Mr. Reilly, attorney for the defence, will continue his examination of the accused- Reuter.

PRINCE OF WALES TO VISIT AUSTRIA

London, Jan, 20. The Prince of Wales is leaving London early next week for a holiday in the Austrian Tyrol He will travel to Austria by rail via

It is also suggested that the President should announce that a state of emergency exists and take personal command while a further solution is evolved as he did during the banking crisis in 1933. beat Under a generally forgotten war authority that the peace contex-time, law-still another proposal-is ence to settle the Chahar trouble that a tax should be imposed to will take place at Tatan, Jehol take away-from-bondholdels-an-Bale aud Innsbruck on the Arlberg Province, on February 1. Chinese extra 69 per cent, which they Express for Kitzbuehel where the délegates are not yet known, but would be paid upon redemption of Prince will stay about a fortnight. the Japanese will be either Gea-securities. eral Tani or Colonel Nagami ot the Kwantung Army.

This will be the Prince's first win- ter sporta holiday since the war. This is The last time the Prince had a holiday was in 1914 when he stay- ed for about three weeks with the Queen of Norway.—. British Wirdess."

Swift amendment of the consti- It is learn-tution is even possible. ed that the conference will be practicable within a fortnight as coples limited to military questions and forty four State Legislatures are. of which have just been distribut-the boundary line would not figure at present in session.

bill for electoral reform.

ed to members of parliament. In the discussions. provides for a secret ballot in-

A member of the Military Coun-

stead of the open ballot hitherto ell stated to-day that conversa employed. It also stipulates that

tions have.. been proceeding

of the total of 245 deputies, 66 smoothly and the views of the two will not be elected by direct vote

sides are .rapidly approaching but delegated by the municipal

agreement. assemblies of various cities and

counties. Whereas in Budapest the candidates are to be elected by party lists, individual candidates will have to stand for election in rural constituencies. Every can didate is required to be sponsored by at least five per cent of the electors in the district. The maximum duration of Parliament is limited to five years. The vot- ing age is fixed at 24 for males and 30 for women: Transocéan Kuo Min."

COMMUNIST LEADER

CAPTURED -..

Nanking, "January 30. Fang Chin Ming, leader of the Communist forces, who has been harassing the districts in Bouthern Anbwel and Western Chexiang has been captured by Cheklang forces according to press dea patches from Hangchow Router.

Reuter.

SPANISH INTEREST IN ROME AGREEMENT

POISON LIQUOR DEATHS IN NEW YORK

New York, Jan. 20, During the past week there have been thirty-two deaths from Dolson Liquor in Eastern and Cen- Teletral New York State.

Chinese reports from to-day state that

Kalgan the Japanese (Special to the "Honr Kor troops in Chiangliang and Want-

Dally Press").. ho in the disputed territory are already withdrawing

(By Telegraph, Copyright, A small graphic Messager Ordinance, 1894- force still remains at chutze and Pelchihchutse-

Manshih-eceived, January 30, 4.30p.m.)

Madrid, Jan. 30. The Spanish Foreign Minister in a statement before the Diet dealt with the Rome negotiations arrests shortly- between Mussolint and M. Layal, Reuter,

Reuter.

LORD LOTHIAN'S VISIT. TO BERLIN

-Berlin, Jan. 29,

and

most

declared that Spain is

keenly Interested in

learning what has been agreed

upon in Rome concerning the

Lord Lothian, who is believed to Mediterranean larues. Spain, he

be close to the British Govern- |"added, in view of her situation

Most of the fatalities occurrea in Utica and Gloverville and six other people are a hospital in a serious condition.

Omcials anticipate a series of

SILVIREGULATIONS TIGHTENED

Shanghai, Jan. 30.

The

RUBBER RESTRICTION

EXPORTS

London. Jan. 29. The International,, Rubber Com- mittee met to-day and formulated the exports from controlled coun- tries for the first seven months of the restriction scheme. Päred with the official quotes.

as com-

The Dutch East Indies, Ceylon and North Borneo. exceeded their quotas by 1.459.28, and 296 tons, respectively. Malaya, India, Burma and Sarawak had deficiencies of 12,229, 494, 340 and 1,391 tons.

Henceforth the Committee will publish a comprehensive monthly bulletin of rubber statistics.-- Reuter.

RUBBER COMMITTEE'S DIFFICULT TASK

Colonial Secretary's Tribute"

London, January 30, Six Philip'Cunliffe-Lister, Secre- tary of State for the Colonies, who was referred to the rubber com- munique, and had his attention drawn, to the fact that the actual exports in the last seven months exceeded 486,000 tons compared with the quota of 499,000 tons. that these ngures show that the scheme has so far The worked very satisfactorily. fact that during the initial period the scheme operated so closely to plan reflects great credit on those who had a difficult task in ad- ministering the scheme- Reuler.

commented

KING OF SIAM'S ABDICATION

Now Almost Certain

Singapore, Jan. 30.

It is almost certain that the King of Siam will not return home" and his abdication is imminent

ment, had an audience with and her protectorate of Morocco Stringent regulations designed according to an authoritative, Reichsfuehrer Adolf Hitler to-day is insolubly linked up with these to prevent the illegal outdow of local source. It is believed that Later, interviewed by Reuter lanes. The Spanish Government sliver are announced by the Cus- an unnamed prince, who is at pre- and asked for an impression from in consequence hope that they toms, which henceforth will consent a minor, will be appointed his visit to Germany, he declared: will not be kept aloof from die fiscate all contraband and fine King with a Council of Regency Germany is settling down after cussions affecting directly or in-muggler an amount equivalent The Siamese Clovernment, it is the revolution. She certainly does directly the Mediterranean Spain to the value of the consignment understood, has declined to agree wm continue to adhere to the and give handsome rewards 10 to the King's suggestion on a not want war.

Lord Lothian 18 returning to time-honoured practice of impar, informants. The police and mill-- number of points concerning Ro- England to-mo

tiality in all international issues, tary will be responsible for seizure. yal prerogatives Reuter,

Transocean Kuo Min.

Reuter

Beuter

efforts towards getting America to enter the League.

A Washington message says that Fresident Roosevelt declined to comment on the Senate's decision. Professor Newton Baker states that the result simply meant that they must continue their cam paign of education till seven more votes are obtained.

NEW MINISTER AT HELSINGFORS

London, Jan. 201 His Majesty the King has: ap- Mr. Fish, New York Member of proved the appointment of Mr. the House of Representatives and

Herbert Grants Watson, His Maj a former supporter of American jesty's Minister at Havana,, to be. entry to the Court belleves that Minister at Helsingfors to succes pubile opinion has changed large- sion to Sir Rowlarid Sperling, who ly because of war debt repudia-is shortly retiring tlona-

British Wireless. Reuter.

N

#

AMERICA'S ENTRY TO HAGUE COURT

Resolution Defeated In The Senate

Washington, Jan. 29.

two-thirds majority. necessary for ratification was not secured.

The voting was. 52 for adherence and 36. against. The result was received with a roar of applause from the opponents of the adher- ence galleries.

The anti-adherence group de- clared, after the vote, was taken. that the result meant that the Senate to-day failed to issue was dead for some time to ratify the resolition for America's į come, if not permanently-- adherence to the Hague Court, The Ieuter,

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