1935-04-01 — Page 9

BELGA DEVALUATION

APPROVED

-

Opposition From Liberals

And Catholics

(Special 10 "Hong Kons

Dally 'Press"); - (y Telegraph, Copyright, graphic Messages Ordinance, 1893.

Received, March 30, 40 p.m.)

Brussels, Mar. 30.

the

BLOW TO SMALL SAVERS

Brussels, Mar. 30, TeleAlthough the Belgian people had been amply warned during the last fortnight by the endless succession of public speeches and debates newspaper

that the The Belgian Chamber by 133 country is likely to abandon the votes to 11 approved of the pròs] go'd standard. the culmination of visional credits demanded by the the events on Saturday morning Government There were only came as a crushing blow to two abstentions. In the course of broad masses who have already ex- the debate two Catholic deputies perienced what a period of CUT- expressed themselves against the rency fluctuation and deprecia- devaluation of the Belga, while tion means for small savers, Wide- The Liberal and Socialist spokes- spread agitation is all the more man declared the Government acute since during the Chamber has Meir confidence. At the debate van Zeeland was attacked opening of the session, ex-Premier from all sides, ex-Premier Jaspar Jaspar strongly criticized the new categorically denying the neces- Premier's financial programme,sity for the Belga depreciation declaring that the devaluation of seeing that the Banque de France the Belga was "immora!." Premier had offered ex-Premier Theunis var Zeeland was not slow in re- credit of three milliards French torting. He justified his mea-francs at three and a half per sures by plain argument that he | cent" to tide the Belgian National could not have done anything else. Bank over the crisis, He had faced the situation from which there was no

other Way

out.

At 7 o'clock on Saturday morn-

HONG KONG DAILY PRESS, MONDAY, APRIL 1, 1935.

EXPECTATIONS

EXCEEDED

Budget Surplus In Britain

London, March 30. Britain's Anancial” year ended to-night and the returns issued by the Treasury reveal the satisfac tory fact that surplus of revenue over expenditure amounts to £7. 382,000,

Mr. Neville Chamberlain, Chancel

lor of the Exchequer.

MR. EDEN CONCLUDES

MOSCOW MISSION

Departure For Warsaw

(Bg⠀⠀ Telegraph, Copyright, Tela tain aspects of the European Ordinanes; 1995. † situation. There is no doubt that his assoIÓN

the Soviet indicated the read- Received, March 31, 4:30 pm).

ness to work through the League and international co-operation to. consolidate peace- Reuter

Moscow, Mar. 30. The Anglo-Russian conversa Hons were concluded on Saturday. the 'Baal talk having been held between Mr. Anthony Eden and M. Litvino at the latter's coun- 'try house near Moscow. Since this is Mr. Eden's first journey to Russa he intends. If time allows; to visit several representative in- stitutions, such as the tractor fac- tory, etc.

DEFINITE SUCCESS

Moscow, Mar. 30. The conversation between Mr. Eden and M. Litvinoff after lunch at M. Litvinoff's country house last- ed so long that Mr. Eden did not return to the Embassy till after 5 p.m. Mr. Eden later. visited" the The social functions attending cultural centre and the club which his visit reached the culminating the "Central Home of the Red point on Friday evening with a Army." Tonight the Embassy is special performance of the Moscow giving a banquet, followed by a

the ballet at the Opera which Mr. reception for

diplomatic Eden wituersed from former Corps, Soviet officials and press- imperial box. The whole prole- tarian audience ruse and cheered loudly when the British Minister made his appearance and remain- ed standing while the orchestra played "God Save the King." which appears to show that Rus slans are prepared to go to the length of even overcoming their abhorrence of kings and similar

a

As a result of this, many manu- factures have cancelled all con- tracts to deliver except at prices advanced by 30 per cent. The whole population through Bet-in his budget speech last year fore-bourgeois institutions in order to

glum stormed the shops buying whatever that could be had at old prices. House agents who sell at

The Chancellor of the Exchequer

cast revenus for the year at £706,- 520,000 and expenditure at £705- 724,000 with an estimated surplus

ing the Chamber after the con- tinuous non-stop session through- out the night by 107 votes to 54 and with 12 abstentions passed the bills introduced by the Govan average of ten houses weekly of £796,000. No provision was ernment on the devaluation of the

an-

Belga and the extension of "a. .special

for enabling act. other year. Although the Liber- 8. spokesmen at the opening of the session had declared the Government was enjoying the con- "Adence of the Liberals, more than -half of the Liberal deputies voted against the Government. Since Premier van Zeeland is pressing for the immediate passage of the bils under consideration she Senate will to-day (Saturday) deal with them.-

Transocean Kuo Min.

DIVISION OF OPINION

Brussels, Mar. 30, Fresh from his victory in the Chamber in the early hours of Saturday morning, Premier van" Zeeland Inced his second -and more formidable task, winning over the Senate later in the day. In outlining the Government's programme. the Premier kept closely to the statement he had made on Friday in the Chamber, again stressing that in the pre- sent situation no other course was possible than that 25 per cent devalution of, the Belga.

Vari Zeeland's pronouncement was received with great applause by the Socialists while among the Liberals and Catholics a division

win Great Britain's favour."

The result of the discussions seems to be that a complete agrée- ment has been reached on some fundamental" but rather vague postulates such as the mutual de- sire for the maintenance of peace

while no dennité conclusions were dat since as Mr. Eden re- thepeatedly stressed in his 'talks to Press representatives-the discus- stons like those of Berlin were chiefly of an informatery charac-

report that they disposed of sixty made in these figures for payment this week, the average prices hay-of statutory sinking funds and au- ing advanced from 150.000 to 200,- thority was given in the Finance 000 Belgian francs Uniers the Act to borrow for these payments.

The accounts for the year 'show Government can cope with this stampede the whole. devaluation that revenue has exceeded process is merely hurting small budget estimate by £9,821,000, a Government might collapse under total of £716,441,000 having been savers at the cost of speculators realised Expenditure at £708

The fear is that the van Zeeland 879,000 is £3,155,000 more than the strain and leave the political the estimate and the realised sur- situation completely chaotic. plus is thus £7,562,000. Authority Transocean Kuo Min.

to borrow for sinking funds was HOLLAND. UNAFFECTED

not exercised and the figure for ex- Amsterdam, Mar. 30. penditure includes £12,343,000 paid The Governor of

by means of sinking funds for re- demption of debt. Thus the year's revenue has exceeded the year's an debt

I

the Dutch National Bank, Trip. declared, that the measures taken by the

Belgian Government will In

no policy which word maintain the way affect the Dutch currency

same course as heretofore...

Fransocean Kuo Min.

A FIRM CABINET

Brussels, Mar. 31. That premier van Zeeland and his cabinet," contrary to pessimis- the forecasts, seems firmly mount- ed is manifest by the overwhelm- ing majority with which the senate passed the vote of confidence in the new government and passed

of

were

expenditure other than redemption by £19,905.000.

ter.

· ..

The reports from Russian sour ces state that the Soviet Govern- ment is putting forth a scheme of mutual assistance pact between France, Czechoslovakia, and the Soviet Union with England in the role of a "benevolent neutral" Little hope is held here for the realisation of the proposed East ern Pact which is one reason why

men.

Mr. Eden is leaving for Warsaw at 10.45 pm on Sunday.

It is felt here on all sides that Mr. Eden's visit has been a de- finite success. It is asserted that the questions mentioned in the London communique of February 3 which received the answer "No or perhaps" in Berlin was given a

Reuter. cordial "Yes" in MoscoT.—

WARSAW PROGRAMME

... Warsaw, Mar. 31. Mr. Eden is due bere at 9:30 pin on April 1. He will have a long conference with M. Pilsudski and unofficial receptions are ex- pected, but the Foreign Minister. Colonel Beck will entertain him at luncheon.- - Reuter.

graphia

Gordon's

SPECIAL

OLD TOM

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

WHITEST

PUREST

&BEST

The Largest Gin Distillers in the World.

CONFIDENCE IN

CABINET

Measures In Greece Approved

180.3

INSPECTION TOUR (By Telegraph, Copyright, Tele Vestager Ordinance........ 1894. Received, March 31, 7.30 p.m.)

(Special to the "Hong Kona Moscow, Mar. 31. Mr. Anthony

Daily Fress")' Eden, the Lord (B) Teagraph. Copyright," Tria viet Russia and received here Received, March 30; 4-30 p.m.) Privy Beal, who was feted in 86-

Ordinance. graphic Merigez with a great display of welcome. headquarters of the Red Army cleverly organised. inspected the and Navy where he was received Greek Government by acclamation by a group of Red Officers who thus endorsing the extraordinary showed the British visitor round.

Athens. March 30. The Chamber on Friday passed the vote of confidence on the

The Item of revenue, that has Soviet diplomacy Is redoubling its Mr. Eden was accompanied by the measures adopted by the Greek

most exceeded expectations is in come tax- British Werelem.

SILVER MARKET.

(From Our Own Correspondent)

London, March 30, London Silver prices to-day were

Belga which the chamber had ward, as follow: previously adopted. There 110 votes for the Goverment" and only "20 against it in the senate while 19 deputies abstained. There

Spot

3

British Military Attache. Mr.

Cabinet Premier Tsaldaris, War

CABINET IN SPAIN

Resignation Of Entire Body

[Special to the "Hong Kong" Daily Prens" (Copyright) I

Madrid, Mar. 29. Premier Lerroux handed in, the cabinet's collective resignation on Friday afternoon oying to grave artsen within the government on divergencies of opinion having

for the Socialist deputy, Pena who

the question of granting a reprieve

was sentenced to death for having

efforts for accomplishing Franco-Soviet alliance with the Eden later visited an art exhib. Minister Kondylis and his cabinet played a leading part in the Astur – possible inclusion of some" smaller Mor of the Russian Army where colleagues were cheered in and

States.- Transocean Kuban

SOVIET PLEASED

Moscow, Mar. 30. Mr. Eden is observing the So- vlet rest day along with many Government officials. He is hav-

lan" revolt.

Gu Robles, the leader of the po pictures are being exhibited por-outside the Chamber, the crowds werful Catholic Party, had already traying the genesis and state' de. in front of the Parliament raisins announced some days ago that the.

velopment of the Red Army-

Fransocean Kuở Min

FRANCE IMPRESSED

the demand for drastic punish- ment of all those implicated in Party would withdraw its three ministers in the cabinet if the the revolt.

At the opening of the session, prieve. It is, however, understood Government should insist on a re- Paris, Mar. 31.

Premier Tsaldaris. did not mince that Gil Robles is not inclined to bills on the devaluation the up 5/8 on "Spot and 9/18 on for- ing no official conversations though tion official French quarters are los who, without intermission, had his action by accepting the task

According to reliable

informa- matters when he attacked Venize-take the logical consequences of he will presumably be continuing greatly pleased at the course of been preocoupled with conspiring of forming a new cabinet so that Mar. 20 Mar. 30 the informal chats with M Lit- Mr. Anthony Eden's visit to Mos- against the order of the country the new government will probably 27-7/8 23-1/2 vinot at the latter's country cow."Our impression. Is excell- and against the Government's Forward

28

28-9/16 home.

ent said an influential French work of reconstruction until he

be constituted along the same lines London on New York cross rate at closing to-day was 47925 cam-visit-bas achieved a considerable French Government is kept fully the signal for a civil war fromolitical circles regard, the cab

It is already apparent that the personality to pressmen,

is is predecessor. TheVenizelos) on March I had given pared with 4.8187 at closing yester-

measure of success. The Russians informed of the Moscow conver- Crete. day,

who have made contact with Mr.sations and all reports reaching The Premier reiterated once more Eden are delighted at his frank the French capital, would suggest that those implicated in the re and informal manner. The visit that Mr. Eden is gradually under-bellion would be severely punished has removed many clouds of sus stand ng "the important role. So- and both army and civil service picion. Mr. Eden Estered rym-viet Russia is playing in the con- thoroughly purged of all undesir pathetically and replied reassur-solidation of European peace."-- ingly to Soviet misgivings on cer- Transocean Huo Min.

of opinion was plainly observable, is reason to believe that the van The rapporteur or the Doancial Zeeland Government has come to and judica) committees which both | stay.-

adopted the Government's deva- Fransocean Kuo- Minn luation and other proposals with

a large majority then' urged the Senate to give them its approval whereupon a debate commenced and it still continuing.—— Transocean Euo Min...

EXHIBITION OF CHINESE ART

Impressions. In London

London, March 30.

DEVALUATION RATE

Brussels, Mar. 31. The Government has fixed the rate of devaluation of the Belga at 28 per cent- Beuter.

(B

PARIS AIR RAID DEFENCE

Telegraph, Copyright, Tele graphic Messages Ordinance, 1894. Received, March 31, 7.30 p.m.):

Paris, March 31.

As forecasted by Transocean, the Parts City Council voted a hundred million francs for the purposes of passive defence in an effort to

tion in the event of air raids- Trancean Kuo Min, «

The exhibition of modern Chin-secure safety for the Paris populas ese paintings at the New Burling- ton Galleries gave more than a hint that the spirit which still in- -forms- the world's most-ancient- civilisation has now fallen into con-- fusion, declares "The Times" in a' leading article, so that a clear

MORE SOCCER SQUABBLES

Referee Kicked In Shanghai

Shanghai, March 31,

· GREAT COMPOSERS

· REMEMBERED

(Special to the "Hong Kong * Daily" Press") {!

Two Chinese were seriously hurt and a score of foreigners received By Telegraph,"↑ Copyright, Tale minor injuries yesterday afternoon as the Stadium as the result of a riot during a soccer match between the Tunghwa and Folice teams.:

The Chinese team became dis- gruntied when the referee, Mr. Beynon, awarded a penalty against them, one of whom punched and

kicked the referee.

pepkic Mamages Ordinandë, 180A. Heceived, March 815-430 pm).

GERMAN BUDGET

(Hy Telegraph, Copyright," Tele, graphie Mariager Ordinases, 1804 Received, March 90, 4·30 p.m.)

Berlin, March, 30,

It is not yet possible to fix the final total of the budget for 1935 owing to the fact that the ex- penditure on some counts such as the Baar territory and the trans-

ables

Transocean Kuo Min.

GREEK REBELS SENTENCED

Colonel Seraphis Gets Life Imprisonment

inet crisis as entirely superduous Spain's prestige. and consequently prejudicial to

Transocean un ling

SWING TO LEFT:

a-Madrid, Mar. 30.

A swing to the Left seems fore- shadowed by the decision of Pre- zident Zamora to entrust Leroux with the task of forming a cabinet and at the same time Bim the widest scope of the attempt to contruct government on the broadent the basis with the inclusion Left parties, if necessary may lead to the formation new republican front which would, however, at least command only night majority in the Cortes on the presumption that the Social its would assume a neutral att

ade

Athens, Mar. 312 A court martial engaged in try Ing a number of amicers and others involved in the rebellion sentenced ten accused, including Colonel Seraphis, who was Transocean Kuo Men. to life imprisonment. Ten others leader of the rebels in Athens,

Berlin, March 30, An imprestre celebration was held on Friday by the Reicherence of the federal justice ad ministrations to the Reich, can supervisory body in German states an uncial communique 18- Chamber of Music, the supreme not be determined at present, musical life, in commemoration of

sued at the conclusion of the received terms. three great musical masters who | Chinese spectators rushed at Mr. laid the foundations of German

cabinet meeting on Friday,

imprisonment- Beynon who was immediately sur music Schuetz who was born 350 budget, the cabinet passed a law

In addition to discussing the Beuter. rounded by the Police players who escorted him to safety. Interna- years ago and Bach and Handel creating a Government depart glimpse that that civilisation may [Special to the "Hong Kong Daily tional and Public Safety Bureau who were both born 250 years 280ment under the direct control of

Press" (Copyright);1......-

The Reich Propaganda Minister, the Chancellor for dealing with the officials were called out. Goeboels pointed out in a speech acquisition of land for public user Berlin, Mar. 29. The score was two goals each

perhaps serve as a reminder that

on the solution of the problems of China depend not only trade, cus- toms, revenues, concessions and in vestments, but in face of a civilian tion which must be understood be-

"CONVERSATIONS WITH SIR JOHN SIMON

“twentylageATE.

ROUMANIAN MINISTER IN PARIS

A detalled account of his con-side after fifteen minutes in the that this was the Arst time any" while as regards, the land required Tspécial to the Hong Koor Daily!! verrations with Sir John Simon second period when the penalty German Government was concern was given by Hitler in the course was called, which Bader converted ing itself to such an extent in the of his ministerial conference A melee followed, the game being cause of musts, giants like Bach,

fore it can be saved, the efforts which preceded the cabinet meet-sbandoned.

of the West to help China will noting on Friday. The cabinet then Reuter.

began its deliberations, these be lug chiefly concerned with the budget for 1985 which was ap proved after a prolonged discus

Traniden Kuo Hin

succeed unless they are actuated by a knowledge not only of the wealth but of the culture of China,

Looking at the pictures it is as tonishing to see that, though China has been torn in the past by strug gles which often seem inspired by the most barbarous motives, its ese invasion, it is still the dignity wisdom and grace still persist. and poetry of life which the Chintaa These contemporary Chinese ese value, and they describe their Lat paintings, particularly perhaps emotions on all with tenderness tatt those of Le Hal-su, show that, de-only strengthened by the sobriety spite the evolution of the Kuominthey have combined with it— tang. Communism, and the Japan- Bëster:

MEMEL SENTENCE REPRISALS

Handel and yo Schuetz having hitherto been names, known to musicians but meaning little to the masses of German people despite the great amount of work done by a small group of idealists who vadily struggled against the super- 131fciality of mode

tion.

ainst the Me The Minister concluded sers, the German Gor- stresding that

ch Handel and aze refusing to Issue Schuetz were Germans not only to Lithuanians as because they had arisen from the

diplomatic re- Gerinan people but Poland Lithuanians lives had been a continuo resch Western Europe gle for the exp

est ideals of German

military authorities, a special law is in course of preparation. Transocean Kuo Min

DUTCH PREMIER'S

Pres" topuright)

The Houmanían ter Titulescu. conspicuous -conversations Europe Carr morning and the Qual?

talk

hours

vide

the Enten

DEATH SENTENCES

Of