1935-04-05 — Page 9

HONG KONG DAILY PRESS, FRIDAY, APRIL 5, 1935.

THE FAILURE OF JAMES SHAKESPEARE

CREDITORS' MEETING

REVELATIONS

Enormous Purchases Of

Pepper

London, April" 4.

"It is only fair to state that no evidence has been found confirm." ing the suggestion that Mr. Re girald McKenna, was connected in the business of James Shake- speare," declared the Offcial Receiver, Mr. Phillips, at the first meeting of creditors.

thought something more tangible would be expected.

I feel there is an element of poetle justice in the tragedy which has overtaken. Mincing Lane.”

1

GOVERNMENT HELP

MINTING OF GOLD

EFFORTS FOR PEACE IN

EUROPE

Flandin Statement Doubted

London," April 4.

The sceptical reception accord- ed M. Flandin's decision to mint gold reflected by the resumption of the upward movement of ster- ling. Had the decision been ac cepted at face value, sterling would undoubtedly have weakened, but many believe that the state- ment was only a bluff in view of the difficulty of circulating coins, while others criticise the decision as weakening the defence of the schebie controlling | franc in times of difficulty and export of pepper from the East reducing the world's monetary and approached the British stocks of gold owing to the French Colonial Office with the same peasants' habit of hoarding gold object, but informed there and proverbial stocking. could be no question of the Colonial Office or any Colony taking action.

The position became so critical that Howeson initiated negotia- Hons with the Dutch Indies Gov- ernment with the object of ar ranging

Was

In view of the low price of pepper it was decided in 1934 by the company to purchase 3,000 tons which I was hoped would give control of the pepper market before the next crop and yield a handsome proft, but if purchases had stopped at 3,000 tons no more might have been heard in, the 'matter. By January 31, 1935, 12,000 tons of pepper had been The company of Williams and brought at a price of £1,800,000. Henry in the last three years was The arm's profits, and losses | largely bound up in tin and fluctuated alarmingly.

به ده

||

shellac. Its profits and losses fue- Ì tuated alarmingly during the Tin Pool scheme.

The underlying strength of 'ster- ling is based on persistent appre- hensions regarding the mainten- ance of gold parities in Holland and Switzerland. Fears are 15- centuated by -rumours that the Dutch Government is at present

devaluation studying the

pro- gramme. One month and three months "Forward" in Switzerland- is at present 13 and 17 per cent. per annum under "Spot" respec- tively, while one month and three months in Holland are both 9 per cent.-

POETIC JUSTICE The Official Receiver said: "The extraordinary thing was not the The total abilities of James company's criminal rashness In Shakespeare are estimated to rank entering these enormous interests for dividend at £735,520 with but the folly of brokers who gave assets at £235,842. unlimited credit. "I am aware The meeting applied to the that rumours were current that Court for appointment of Bir certain persons were behind the William McLintock as liquidator | Router.. pepper deal, but one would have Reuter.

EXPORT BAN IN FRANCE

Abrogation Urged

In Petition

(Special to the "Hong Kong'

Dally Pres").

(B) Telegraph, Copyright, Tela graphic Messagun Ordinance. 1894 Received April 4, 7:30p.m.)

Paris, April 4, The Chamber of Commerce of the city of Roubaix has petitioned the minister of commerce to ab- rogate the decree recently issued prohibiting the exportation of pro-

ALL ATTEMPTS FAIL

Το

Attain Air

Pact

Air,

London, April 3. The Under-Secretary, for Sir Philip Sassoon, et a League of Nations Union meeting on air armaments this evening. sald

SILVER-MARKET

(From Our Own Correspondent)

London, April 4. London Silver prices to-day were down 1/16 as follow:.

April 3 Spot......... 28-3/8

April 28-5/18 28-3/8 Forward......... 28-7/16 London on New York cross rate at 2 pm. to-day was 48312 com- pared with 48125 at closing yes- terday..

Hopes Now Placed On Stresa Conference

(Special to the “Hong Kong Dally | Warsaw will arrive at Prague early

Pross" (Copyright.).],

ta-morrow morning.

The conversations with the Warsaw, April 3. Czecho-Slovakian Foreign Minis... Although the official" conver- ter, Dr. Benes, are expected to oc- sations between Lord Privy Seal cupy the whole of the morning Eden and the Polish Government and, according to present arrange- ended on Tuesday night," "Mr. | ments, Mr. Eden, after attending a Eden and Col. Beck, the Foreign lunch to be given in his bonour Minister, met again on Wednes by Dr. Benes, will leave for London day forenoon for a short talk by, alr...

British Wireless.

prlor Embassy.

to lunch at the

鹄

British

A few minutes after 5 pm, the British guests left Warsaw for Prague in a special parlour car placed at their disposal by the Polish Government. Col Beck adcompanied Mr. Eden to the railway station. where a large number of high officials of the Polish Foreign Office, Vice Foreign Mindster. Count Sgem- back and the whole staf of the British Embassy a sembled to take leave of the Lord Privy Seal- Transocean Xua Min.

“ARRIVAL IN PRAGUE

Prague, Apr. 4.

Mr. Anthony Eden, who arriv ed here, this morning from War- saw, was met by M. Benes and ather prominent ministers. Con- versations are taking place to-day in the great new palace recently built for the Foreign Minister- Reuter.

OFFICIAL COMMUNIQUE

[Special to the "four Kong Daily Press" (Copyright).}

SOMETHING ACHIEVED

has not

Warsaw, Apr. 4. Enquiries in well-informed cir- cles give the impression that Mr. Eden's vist to Warsaw although not a definite success been entirely without result even on the thorny question of the Eastern Pact whereon Poland has made clear her difficulties.

Experts

Mr. associated with Eden appear to be definitely in favour of Britain bearing a share of the responsibility for main- tenance of peace in Europe.— Rester.

FRENCH PRESS VIEWS

(Special to the "Hong Kong "DAILY" "Press"4"

(By "Telegraph, · Copyright, Tate, graphic ar Ordinance, 1894. Beceived, April 5.4.30 p.m.)

Paris, April 4.

That the conclusion

the eastern pact in the form as pro- posed by the Franco-British · de- claration of February 3 is gravely | leopardised as a result of the con- sultation between Mr. Anthony Eden and the Polish Government is the view taken by the French Two hours before Mr. Eden's de- Press this morning. It is generally parture for Prague the Polish off-admitted that the Polish govern- cial news agency "issued the fol- ment still retains the original

Warsaw. Apr. 3.

various attempts to attain an in THE SINGAPORE lewing communique about the ne- viewpoint and rejects the mutual ternational agreement on problems

of both civil and military aviation had failed. It was in these cir- that the Govern- cumstances ment's decision, now in process of

TRACTION CO.

ducts which are at presens of im- fulfilment, was made to increase Efforts To Buy Out

The

Shanghai Company

Marshal

1:

Mr.

11

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BRITISH INTERESTS IN

THE FAR EAST

Sino-Japanese Problem

Debated At Lords

London, April 3. four hundred Chinese students During the debate in the House visiting Britain, were things which

“We should attempt to bring about $ reconciliation between

China and Japan, without exciting the suspicions and hostility of other powers," said Viscount Peel.

LORD NEWTON'S VIEWS

gotiations during the British Min- assistance clause as regards Russia. ister's stay here:

It is now believed here that a of Lords to-day, Viscontic Peel de- brought the two peoples nearer "Lord

Privy Seal Eden was general European security system, clared that a new situation had together, and those students, parti- *received .. by the

President that is a plan corresponding in arisen in the Far East within the cularly, would take back to China Of the Polish Republic

an impression of Britain's friend- and certain respects to the proposals past few months. He drew atten- Pilsudski. the Royal Air Force by 41 squa- portance to the national defence of

Eden made by Berlin and Warsaw, are ton to the fact that Japan had left liness and sympathy. also had a series of conversations now under consideration. It is the League of Nations and that France, the decree being chiefs' drons.

with Col Beck Mr. Eden inform- also pointed out that the plan to

China had ceased to be a member aimed at the preventing of far-

Government's policy re- ther purchases of worsted by Ger-mained one, of international dis-

ed Col. Beck about the discussions strengthen certain articles of the of the Council, and he suggested of the British Ministers in Berlin League Covenant which had been that there was some weakening of many in the North French Indus-armament, and they had by no trial region. The Chamber's peti- means abandoned hope of reach-

London, April 4. and Moscow concerning the Lon- in the foreground during the last the ties between the Far East and

don' pommunique of February 3, two days is meeting with resis-

Europe. tion points out that Germany in

ing some limitation, but it was

Efforts of the Singapore Trac-1935. consequence of the decrease of her unfortunately impossible to count tion Company to rid itself of con-

He emphasised that he wished tance in Rome because Mussolini

to deprecate any idea of hostility. Lord Newton, who recently visit purchases in recent years is cer- on early results. Other nations trol by the Shanghai-Electric- In the course of these delibera- regards this as insufficient secur- try, now suffering the scarcity

were arming," and "they must deal Construction

towards Japan Enough barm had ed the Far East, adopted a pro- Company was the tloris which took place in a friendly ity. It is therefore generally as of worsted, which would explan with Europe as it was,

subject of a motion in the Chan- and sincere atmosphere, Coi, Beckumed that the final decision on already been done by 1-considered Japanese attitude in his speechi denunciation of that country. He said Japan and China were in the increased orders placed ov The expansion by 41 squadrons cery Court. It is stated that the explained to Mr. Eden the attitude the realisation of a European Britain had had a long and intim- consultation, and remarked “My German-firms during the last few was the first step towards mak- Shanghai Company became mana- of the Polish Government towards security pact can only be reached ate association with Far Eastern information is that it is highly months and which according to ing up the leeway of the past 15 gers in 1925 when the old Singa- the problems of the London com at Stresa and that the only thing the Chamber's statement was not years. Britain's neighbours re-pore Electric Tramways

was munique and towards the general that can be done in the meantime affairs and had a right, and even probable that the negotiations will a duty, to examine the situation end favourably, more especially be- unusually" large compared with cognised that the measures we liquidated and the new undertak- International situation. Both Min. is to make careful preparations for closely and offer advice to both cause Japan is ready to pay over similar periods of previous years, were taking were eminently re- ing, the Singapore Traction Com-isters were of the opinion that the the forthcoming three-power con- parties, as a friend with a full a large sum to China, in virtue of Thus from March 10 to 29 Ger- sonable and non-provocative.- py, was formed. The Shanghai exchange of views, which was of a ference.

knowledge of the situation. ja some arrangement relating to Cus-- many had bought 434,000 klo- | British Wireless.

Company subsequently obtained purely informative character, had

Viscount Peel quoted statements toms" grammes of worsted as well 28 a

powers to run trolley buses and achieved its purpose. They ex-

Japanese absorption of China very small quantity of raw wool.

not given up hope that Laval of the Japanese Foreign Minister motor buses in substitution for pressly emphasised that it was de- The petition further, stresses that

sirable that they should remain ini.

may yet succeed in inducing Po- as lending colour to the fear en was, he said, a hallucination, Japan the prohibition of exportation must

land to change her polat of viewtertained in China and elsewhere was not in a position, financially or contact concerning any further de

Transocean Kuo Min.

that Japan wanted to obtain con- otherwise, to do anything of the cause the stocks to be rapidly fill

velopment in the political situation

trol of China. The situation, he kind. Britain should do everything ed and that this must in turn in-

in Europe."

zaid, was full of suspicion which possible to facilitate a Sino-Japan-" evitably bring about unemploy

was being increased rather than ese agreement and eliminate the ment.-

B Telegraph, Copyright, Tale

fulled. The question was what are League of Nations as far as possible.. graphie Мелларах Ordinance.

the payment pending their own and the absence of any concrete proposals of any kind to Warsaw she wished to have the trial word crusade against Japan would lead Mr. Anthony Eden brought no the alms of Japan? Apparently The alternative method of a Received, April 4, 4-30 p.m.) |

action against the Singapore Com-information in the text, Opinions neither did he take any Polish in any projects planned by Western to a war of the white man against Brussles, Apt.

differ as to whether this indicatea suggestions away with him, ac-powers in China. Five special airplanes carrying gold bars valued

The Judge asked how the sum that Mr. Eden's mission was recording to the government organ-We must recognise Japan's need sequent loss of Eastern possessions. of €100,000 was arrived at and sultless or whether the centre of press Poranny which stresses for expansion and her desire for at 52 million francs landed at the aerodrome

counsel replied that it was the gravity is now moved to the next that the most important result of further markets and raw materials here on Wednesday night. This The hearing is being continued.

#result of very hard bargaining." programme of negotiations- is believed to be the Belgian cap-Renter

Transoceni Kuu Hin tal that left the country towards the end of last week when the devaluation of the Belga was ep- Shanghai Apr. 4. proaching and now repatriated by Alexander H. Leslie was bound owners who aim to take advan- over for trial by a jury. at the tage of the enhanced British Police Court to-day on the yellow metal. three charges alleging fraud in Transocean Kuo Min connection with "the accounts of

Transocean Eua Min.

LESLIE COMMITTED

FOR TRIAL

Alleged Fraud Charges In Shanghai

the International Recreation Club.

Bail was allowed, in a sum of

£50 on his own recognisances and two sureties at £25 each —— Beater,

THE STRATHMORE”

London, April 3.. The Duchess of York will launch the F. and O. lner. "Strathmore,"

at Barrow to-morrow. Before re

turning to London by rail on Fri-

day, the Duke and Duchess will

drive through part of the English Lake District

· British. Wireless.

GOLD BARS ARRIVE

IN BELGIUM"

. יד

(Special to the "Hong Kong Daily Press")

value

ADDRESSES OF CON

GRATULATION

,II,

+

London, April 3,

trams.

The Singapore Company now desired to paddle their own canoe and buy out the Shanghai Com- pany at £100,000. The Investment Trust Corporation seeks to restrain

pany.

1:

of

SIR SIMON'S SECRET MEMORANDUM

On Visit To Berlin

Paris, Apr.

The Prime Minister in the House of Commons announced that the Government had proposed, on May

General surprise is felt here at the cool tone of the communique

"Petit Journal.” however, has

WARSAW, PRESS" OPINION

L

Warsaw, April 4.

his visit had been the announce- which is gruwing dally,” Viscount ment that Poland and Great Bri- Peel advised.. tain will continue to remain in close touch with each other. The

GREAT CORDIALITY

London, April 3, A communique issued at Warsaw on the conclusion, this afternoon of the Anglo-Polish conversations, it is holding out the prospect of states that they were conducted favourable rendts in International

significance of this fact, says the paper, cannot be overestimated and

in an atmosphere of great comitial co-operation in the future? ity. It adds that Mr. Anthony Transocean Kuo Min Eden, gave" Colonel Beck, an" ac- count of the recent conversations in Berlin and Moscow and the

A secret memorandum by Sir Polish Government's views on the John Simon summing up his in-matters referred to in the Anglo- terview with Herr Hitler is in the French declaration of February 3, hands of the French Foreign were explained to Mr. Eden, Office according to the "Echo de

--Both-statesmen agreed that the

* FRIENDLY MEDIATOR

%% Discussing remedies for the dif nculties in Aala, Viscount Peel sald the obvious course was to call a meeting of the signatories of the ine Fower Traty, but this might be unduly alarming and offend Japan, thus worsening the situs tion

two Asiatic Empires, with a con-

FAVOURABLE TIME Lord Atholl said the best plany was to leave Japan alone to occupy Manchuria, for which she had paid handsomely in money and blood. China would then have an oppor- tinity of pulling herself together,

Lord Glasgow referred to the Boundary Commission between China and Borms, and asked when it was going to start. ve

Lord Lamington urged that the morpent was favourable for Britain The proper method of approach, Japan and the United States to he thought, was for Britain to come to agreement as regards the after her services as a mediator, in Partic

REPORT TO CABINET

London, April 4 The cabinet has been convened for. Friday to receive Mr. Anthony the friendliest way, but on the un- Lord Barnby deplored the rug- Eden's report on his visit to Mosderstaviding that the desired to gestions that Japan was extending CÓW, Warsaw and Prague:

know what was going on and have aggression and dominatio a hand in the affair, with the only sald finance. the chie 8, to move an address of congraty. Paris which declares that he interchange of views had been of gimon and Mr. Eden will pro- might be further

Beginning next week Bir John deere that peace

mes be the most informative character ceed to Stress, Mr. Ramsay Mac and had completely fulfilled their Donald will probably not attend at year to

Stresa. In political circles here because

lation to His Majesty the King on

document has made a very the occasion of the 25th Anniver. found impression on the Cabinet sary of his reign. H

purpose.

This, he conti

(was)

It is suggested that the docu- A similar motion would be moved ment is connected with M Fan- in the Homme Lord His Medin's annoucement on Tuesday The desirability of maintaining great events at Biresa are unex Cobia jeaty had been pleased to indicate that the French Government is close contact in regard to future pected. Interests are rather con- Preet that he would visit Westminster | considering further increase in developments="in Hall on May 19, to receive, both the number of conscripts reidin- " situation addresses

British Wireles

ed in the colours

Reuter,

European centrated on the approaching ses- emphasised in the son of the League of - Nations ab communiqi

Eden, who, is Council on April 15-~~ travelling by the night train from Transocean Luo Mins

commit