1935-05-03 — Page 9

FRANCO-SOVIET PACT CONDITIONS

Obligations Limited To Europe

Paris, May 2

The Franco-Russian "mutual assistance pact consists of five articles according to "Petit Parisien." They agree thereunder to immediately consult for application Article Ten of the League Covenant in case of unprovoked aggression on one of them. This may give each other immediate assistance, if the League Council on notification' does not come to an unanimous decl- sion.

One Article defines the obligations of the Covenant signa tories in executing Articles Sixteen and Seventeen of the Coven- ant The pact does not debar the signatories from carrying out obligations under the League Covenant.

"Petit Parisien" understands that mutual assistance obliga- tions are strictly limited to Europe and does not extend to disputes beyond. for example a dispute between Russia someAsiatic country.

and

The obligation for assistance does not lie unless the signator- les' territory is actually attacked

It is expected that the pact wih now be signed at 5 pm.. to-day--Reuter.

Paris, May '1.

There has been a fast-minute hich in the Franco-Russian nego- tiations in connection with the proposed defensive military all- ance, which, it was expected. would be signed by the Govern- ment negotiators to-day.

M. Potemkin, the Russian dip- lomat who has been in conference with M. Pierre Laval, the French Foreign Minister. for days, dis- cussing every feature of the alliance, surprisingly announced this afternoon that he would have to consult once again with the Soviet Government.

In view of the optimisitc fore- casts from both sides, however, it is expected that the pact will be signed to-day- Reuter,

FINANCES IN FRANCE

Cause Serious Uneasiness

il

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

Paris, May 1. The condition of the State An- ances in France is causing the Government serious uneasiness,

said the Finance Minister, Ger main Martin, addressing the Fin ance Commission of the Senate on Wednesday.

The receipts from saxation are continuously shrinking while the expenditure

the last Jew months, owing to the extraordin- ary outlays for national defence, is running into milliards and the immense sums which are being spent in attempts to stimulate the economic affairs had reached in- tolerable heights. In, political clr- cies. It is asserted that the defclt this year will amount to 17 milliard francs. Germain Martin, however, emphasised that the French Gov- ernment is more deterrained‹ than ever to defend the franc

End to adhere to the gold standard, but expressed the hope that at an early date the world's currencies might be reestablished because this would not only improve the inter- national economic situation · but help to overcome certain national atculties as well.

ན།

The Minister concluded by tall- ing the Senate that as regards the State Anances drastic steps to put the matter on a sound footing are urgently and indispensably neces-

sary.-

Transocean Luc Min.

ROAD TOLL IN BRITAIN

London, May 2. The road accident figures for the Easter week ended Tast Satur- day were the highest since the week ending February 16. "The number killed was 126, injurell 4,180. In Easter week of last year the figures were killed 128, injured 4.035,

British Wireless.

SINGAPORE DEFENCES

Johore's Jubilee Gift

·Of £500,000 10

Singapore, May 2. The State of Johore has yoted £500,000 as a Jubilee gift for acceleration and completion of the Bingapore defences. Reuter

W

SHIPPING LAW

VIOLATION

Three Foreigners Arrested

Tokyo. May 2.

A message from Talhoku states that a saling boat with a crew of three foreigners was arrested by the Japanese authorities at Talto, south-east of Formosa, on April 29. on charges of violating the shipping law and illegally survey- ing and photographing the coast. The three foreigners were sent to the procurate at Giran

city for trial.

Press reports allege that the leader is an American and a 1st Lieutenant l the naval reserve, and that the others are Ameri- can ex-naval men.

at

The sailing boar appeared Keelung la the middle of April and informed the port authorities that it was engaged, on a voyage. from Shanghai to Manila. Later it was held up and subsequently released at several points of the west coast. Finally it was arrest ed after rounding the southern end of Formosa.

The American Embassy in Tokyo has no information about the mat- ter, and doubts. the American Identification. The Embassy

exter. following up the case.--

crew

GOLD SEEKERS

is

Tokyo, May 2, It is believed that the name of the salling Junk is "The Flying Dutchman. the members of the being three residents of Shanghai, the Americans W. B. Gates and Genë Roubin

and a German named H. G. Wrede.

The adventurers left Shanghat on April 2 and intended to travel to the Philippines. New Guinea, the Cocos Islands, and South-west Africa with the object of recover- ing the gold the German cruiser. "Emden is supposed to have had aboard when she was sunk off Cocos in 1915, and to salvage the Spanish galleon Cormorin, sunk in 1520 eight hundred miles from Luderitzbach, South-west Africa- Reuter.

ROYAL ACADEMY FEATURE

Chinese Minister's Portrait

HONG KONG DAILY PRESS, FRIDAY, MAY 3, 1935.

SILVER PRICE

FALLS

Purchases By America

London, May 2

One of the heaviest movements In the history or silver was seen to-day when spot silver felt 2 pence to 331 on heavy selling chiefly from China. It is reported that America bought at the fall, which further complicates the al- ready involved altuation.

Many London circles expected America to raise the domestic price of silver, but leave the world market alone, and, thus the re- quired stocks of silver will be ac- quired gradually without the world market being disturbed further.

To-day's action by the United States upsets these ideas and in creases speculation in connection with the future silver polley di the United States.-. Reuter

1

SILVER MARKET

(From Our Own Correspondent)

London; May 2 London 8ver prices to-day were down 2-1/8 on Spot and 2-3/16 on Forward, as follow:-

May 1 May 2 34-1,/2 32-3/8 32-1/2

Spot... Forward......... 34-11/16

NO DISTURBANCES ON

MAY DAY

Minor Demonstrations In French Cities

团

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

Paris, May 1. Despite the stubborn efforts of the Communists and the Socia- lists to convert- May Day into a demonstration favour of a class war.. Wednesday passed off In Paris and all large cities of France without serious distur- bances. All public services,

transport of cluding the

goods and passengers worked normally. Even the taxi-drivers who for the most part were notoriously com- munistic appeared as usual atching with stretched bows.

Referring to "hanging "low`in dark clouds" over Europe recent- ly, the speaker issued a warning to all those. against attacking Russia. The Red army fully equipped with the best possible weapons was on watch and "ac- quaintance with, it would cost "the Aggressor dear"".

their posts...

in-

The city wore the usual gay air" on May 1, because thousands of Rower sellers, according to time- honoured tradition, were offering small bunches of lies of the valley which are said to bring buyers good luck for the coming year. All cafes and restaurants were open as usual. Only the workers, the building trades stopped work for the day.

Branches of the regular army Including numerous tants of all descriptions was followed by the semi-military and youth organisa- tions

even among which were children trained as archers, mar-

The procession concluded · with detachments of armed factory workers.→→ Tramorean Kuo Min.

VIENNA DOINGS

Vienna, May 1, May Day celebrations began with parades in all Vienna bar racks At 8 o'clock Tedeum was held at St. Stephen's Cathedral when President Miklas and mem-. bers of the Cabinet took part. At

WHITEST

Gordon's

PUREST

GIN

&-BEST:

THE "HEART OF A GOOD

9.45 a huge children's fete was FRIENDSHIP. OF

held at the stadium when Miklas spoke. At mid-day the Chancellor was given an ovation by repre- sentatives of the labour profes- sion corporations."who were sub-

Two thousand Socialists and Communists held an open air meeting outside the Labour Office where

they passed * resolu- tlon calling" on the Government. London on New York cross rate to take drastic measures against at 2 p.m. to-day was 4.8400, com-unemployment and to make the pared with 1.8337 at closing yes-40-hour work compulsory and unsequently received by the Mayor in terday.

iversal. The Socialists also de-

the townhall. + manded that peace be secured

BRITAIN'S AIR STRENGTH

To Be Increased

London, May 1. Plans for

considerable and immediate expansion of Great Britain's air strength are expected to be announced in the House of

Commons

to-morrow when the

Prime Minister, Mr. Ramsay Mac Donald, opens the Foreign Affairs Debate.

It is understood that Mr. Mac.

Donald will

As a close to the day's festivities, the Opera House, the Royal Palace the monument of National Heroes and other prominent places of the city were illuminated. All cine- mas and theatres provided free

by an international agreement based on binding obligations of all parties to join forces against an aggressor: In Lille and Mar. seilles and several Industrial towns, the Socialists held pro- performances for the jobless.- cessions but no untoward t-Transocean Kua Min. cidents were reported. Transocean Huo Min

SOVIET DISPLAY

Moscow, May 1. As is customary on May 1, celebrations in the form of large military parades were held here on Wednesday on the Red square where troops marched past Stalin and other leading members of the Soviet Government As well as Dimitroff, a Bulgarian communist charged but was acquitted in the Reichstag incendiarism trial.

A number of new recruits were sworn in by the Commissary for Defence, Voroshion who, in a

repeat the pledge given by Mr. Stanley Baldwin, last November, tha Great Britain would in no circumstances accept air inferiority to Germany. And short address, emphasised, that In view of the change in the Ger- Russia would accept any security man position since that pledge the pact, no matter from what was given, very rapid expansion of source it came. the British flying fleet strength is expected.

The necessity for a supplemen- tary estimate of £5,000,000 for the purpose of building the additional machines for the expanding force, 18 being mentioned.

also anti-

}}

BRITISH ASSISTANCE TO CHINA

London, May 2.

IN AMERICA

New York, May 1.

The May Day celebrations in New York passed off quietly, as they did elsewhere throughout the country.

AMERICA

Canadian Premier's Confidence

Ottawa, May 2. Nobody in Canada belleves that the United States Government has any intention of departing from its traditional" good neighbour attitude. declared the Acting Premier, Sir George Perley, in re- ference to the evidence before the

United States Military Committee.

statement

COCKTAIL

AN INTERIM DIVIDEND

By The P. & 0.

London, May. 1.

The "Peninsula

and Oriental Steam. Navigation Company an- nounces an interim dividend on its cumulative preferred stock for the half year ending March 33, at a rate of five per cent. per an- num, less tax.

The company will be unable to Pay in interim dividend on defer

red shares.

He added it was very satisfac- tory, however, to note President nve per cent, cumulative preferred A British India dividend on the Roosevelt's emphatic that the policy of the Government March 31, at a rate of per cent, bonds, for the half year ending of the United States is not only less tax, and also a dividend of to maintain permanently. the

3 per lent, on the Ave and a half cemented by many generations of friendship.holdings for the half year ending Per cent. cumulative preferred but live up to the spirit as well as letter the treaties relating to permanent disarmament on our common boundary. Reuter.

Eighteen thousand police, with- out truncheons, supervised one of the largest and most good-natured demonstrations ever seen in New peace conditions York. It is estimated that 1,000,- 000 Socialists and 50,000 Cam- munists participated in two pro- cessions. "Reuter" says their ban- ners derïounced President.Rouse- velt, Mr. William R. Hearst, the publisher, Father Coughlin, head of the Church of the Little Flower and noted radio campaigner, and Senator Huey Long, the "dictator" of Louisiana, -Reuter,

ARREST IN KANSU

The Hon. Desmond

Parsons

of

TRADE RESTORATION MEASURES

June 30, are, announced. Reuter.

ENEMIES TO TRADE DEVELOPMENT

System Of Clearing Agreements

London, May 2.

Mr. Walter Runciman, President

London, May 2). A resolution, demanding the. establishment of the present. Em-.. pire Economic Commission in order that full significance of tri- of the Board of Trade, in a speech terlocking interests of industry in London last night referred to and agriculture may be studied in the effects of exchange control consultation with representatives imposed by a number of European

Interests affected

was countries. He said that if agalisy unanimously adopted by the Asso- our will we were forced to adopt ciation of British Chambers of a clearing agreement with these Commerce in London yesterday.. countries, the effect-upon-the- A comprehensive resolution was volume of trade was bound to be also approved calling upon the bad for everybody concerned and Government, in consultation with for continental countries in par the nations with whom they have ticular. entered in trade agreements, to

A pronouncement

"At the annual meeting of Im- cipated on the problem caused by perial Chemical Industries yester- the fact that the number of Bri-day, Sir Harry McGowan, Chair- tish aircraft manufacturers is very man, referred to the situation in limited, which is reported to be China where owing to the Ameri- causing concern in Government tar allver policy prices were fall- quarters. It is felt, it seems, that ing badly and affecting business in the event of an emergency,

and in particular causing increas- Britain is not equipped to rush the ingly difficult financial conditions. construction of an air feet to the

Peiping, May 2.

The pernicious system, oz clear- much in need of outside financial the arrest by the Chinese authori convince the world, particularly trade to aesume a bllateral form. he added, was News has reached Pelping of of entry into their markets to valent on the content compelled use their buying power and right ing arrangements now so pre- help and he would be glad to see ties of Lanehow, Kansu, of the Britain taking a hand and even Hon. Desmond Parsons, heir to most potent contributions to enemies to trade development. creditor nations, that one of the and was therefore one of the worst. the lead in arranging that help the Earl of Rosse, on charges restoration of trade would be Each country much, of course, de and generally showing a closer unknown. interest in Chinese affairs-- British Winless.

same extent as are some of her neighbours. Renter.

||

ONE THOUSAND GUINEAS

Amended Probables

London, May 2 The following are the amended probable starters and jockeys for the One Thousand Guiness:- Manneriam Buchanite Corrida..... London, May 2 Highland Lament

Coronal

A feature of the Royal Academy, of which there will be a private Rosegaip view to-morrow, is a portrait of Foxlair... Mr. Quo Tai Chi, seated in a Coppelia bronze slik gown by a young Annabel artist, Kenneth Green, recom Caretta mended to Mr. Quo Tai Chi by an Ankaret Oxford professor.

San Cumha

That country,

BOY'S BRIGADE MESSAGE TO THE KING

London, May 2. As a Jubilee display given by the Boys Brigade at Albert Hall last night, five copies of the Jubilee message from the Brigade to the ea (Dick) King, which had been carried by (Weston) relays of runners from the ex- treme end of the United Kingdom (Elliott) (E. Smith to London, were presented to the

Duke for conveyance

His (Perryman)

Majestyj (A Wragg)

British Wireless (Steve Donoghue)

(Nicol)

(C. Emirke) (Gordon Richards) (Beary)

The picture is an admirable Flake.... likeness and was submitted in the Papyrette ordinary way to the committee Mesa ...... for hanging in the Academy. The Babaaurhum committee consider it to be a very Fair Lead fine work, and it is believed that Cortina this is the first Chinese Minister's Hyndford Bridge portrait ever to appear in Burling- No Jockey has yet ton House

to Billa- Reuter,

Reuter

ta

DANZIG TO DEVALUE

(H. Beasley)

Warsaw, May 1. (Bezant

(Dines)') The Senate of Danzig to-day (Johnstone) decided to devalue the Danzig (Pat Beasley) gulden, which will be on à lower

(Fred Fox) gold parits.

(Lane) The extent of the devaluation is

1!

the

It is understood that the British mental principle that goods and problem. But If a country could general recognition of the funda cide for itself ita currency Authorities have requested services should be permitted to liberate reduction of trade through: Watchlaopu to investigate the case and as for his release, which is British Wirdlesi.

adjust international Indebtedness quotas, and clearings and prohibi- tions, it was pursuing a practice now being done.

fatal to world recovery and was building on 2 >ELETTOW base British Wirelett.

Mr. Parsons has been a resident of Peiping for some time, and recently went on a journey in north-west China Beuter.

NO INFORMATION

Nanking, May 2

Odice is without

The Foreign

TRAIN DERAILED BY BANDITS

Many Casualties

Dairen, May 2. Three hundred bandits this official Information concerning morning derailed the Changchun- the arrest of Mr. Parsons which it Tumen passenger train, Many were is investigating. No representa- killed, wounded and abducted, tions have yet been received

Troops are at present in pursuit- deutera

Reuter.

1.

TRUMPED-UP CHARGE

Pelping, May 2.

It is now learned that Mr. Par- sons was arrested at Tunhuang li the far corner of Kansu.

Telegraphing from

Ansichow

near Tunhuang, Mr. Parsons states that he was arrested on a trump- ed-up charge of petty theft and was refused permission to leave Ansichowego

The Legation has requested the Government to telegraph the Kan (H. Wrazy) unstated, but it is expected that sa authorities to permit Mr. Par

KING GEORGE FIFTH JUBILEE FOREST

London, May 20

COUNTY CRICKET

Kem's Victory Over Leicester

London, May 1

In one of the County cricket matches concluded to-day, Kent won by 198 runs over Leicester.

Rent 212 (Woolley 105, Geary 5 for 60) and 159 (6mith 7 for 68). Leicester 110 (Lewis B for 13). and 93 - (Freeman for 40) Reuter

A forest of over one million trees covering an area of 1,500 CHALIAPINE ILL acres on the hills above Nazaretti will be Jewry's token of loyalty to the throne on the occasion of the King's Bilver Jubilee. The scheme has received the approval of the King and the Colonial Om

been alloted the gulden will now be much near-sons to leave for Pelping imme-this great wood wih be

er the value of the Polish zloty diately

Reuter

Reuter

King George Fifth Jabler -British Belar

Rente

Hayre May pinoy the famous Russian

now serio