1935-08-15 — Page 9

THE ITALO-ABYSSINIAN DISUPTE

What Will Britain Propose?

(Special to the "Hong Kong Daily Press ").

(By Telegraph, Copyright, Tels-graphic Mecanyes Ordinance, 1894- Keepired, Cgust 15. jade jam.)

Paris, August. 14.

"Mr. Anthony Eden arrived here yesterday evening, and will have his first conversation with M. Laval, the French Premier, at 11 o'clock to-day.

"Le Matin" expects that the conversation of the two states- men will reveal whether the British Government still is deter- mined to seek a solution of the Italo-Abyssinian problem by economic concessions to Italy exclusively, and still refusing to consider any settlement of a political nature" that may be de- manded by Italy.

It is unlikely that Britain will propose an investigation to- wards an eventual restriction of the Powers colonial possessions. "says "Le Jour" which likewise expects that Britain will submit "constructive plans" which will permit Italy to obtain far reach- ing and tangible economic concessions in Abyssinia.

The paper is, however, very sceptical whether such a settle-. ment is acceptable to Italy, since the Italian Government has re- peatedly stressed that it considers a political and military con- tro over Abyssinia is indispensable.--Transocean Kuo Min.

FLOOD OF PREDICTIONS

(Special to "Hong Kong Dally Press")

-1394.

11

HONG KONG DAILY PRESS, - THURSDAY, AUGUST 15, 1935.

NEW CHIEF OF STAFF

THE FUTURE TREND

OF SILVER

For Belgian Army President Faces A Dilemma

(Special to "Hong Kong

Dally Press").

by Telegraph. Copyright, Tain, graphic Massages Ordinancs. 1891 Received, August 15, 20 p.m.)

· .

of the inscrutable East and the policy of the inscrutable Roosevelt?

Neuter.

SUDDEN CHANGE,

Lendon, Aug. 13. The sudden change in the buying policy.

London, August 14. Financial writers show a diver- sity

of opinion regarding the future trend of silver. The Paris, August 14.

"Timer" says that the bull pos- The present Deputy Chief of

tlon, though greatly reduced, is the General Staff of the Belgian probably still large and it is pos-American silver Army. General Van den Bergen,sible that the United States policy has been, designated as the suc-

of lowering the price may even- cessor of the present Chief of the tually be reversed when it is Staff General Cuman, who is

satisfied that it cannot be called reaching the age limit in Septem-on

to absorb the enormous quantities.

ber.

General Van den Bergen took a leading part in the development and realisation of the frontier de- fence system, which is now under- going complete reorganisation, and his appointment therefore, is taken to indicate that the reor- ganisation plans have neither been given UD. nor w. they be postponed. Transocean Kun Mi»,

Friday, between the representatives of France. Britain and Italy, will. be followed with close and anxious tratabaritattat

opinion is now fully alive to the far reaching consequences that might follow the outbreak of hosti- lities between Italy and Abyssinia.

(Ry Telegraph, Copyright, Tele attention in this country, where graphic Messages Ordlisunce, Received, August 15. 10 p.m.)

Rome, Aug. 14. The food of predictions and views about the forthcoming Three Power Conference in Paris, that is prevailing and was started by other countries, is the subject of an exhaustive comment by the Italian

press, which, however, carefully refrains from making

The meeting of the Three Powers, eldentally bound each signatory parties to 1906 treaty, which in-

not to interfere in the interual af- fairs of abyssinia "in any marner whatsoever except in agreement with the other two." was arranged at Geneva for the purpose of faci-

Some of the solutions now being put forward by the foreign press were promptly dismissed, as,, pro-be represented by Baron Aloisi, and quets of the present prevailing heat! The "Giornale di Italia" hdwever, discusses in detail the three chief proposals for the solu- tion of the Abyssiniar problem at Fresent being ventilated In the British press.

any prophesies as to the outcome litaring the settlement of problem. of the discussions.

Premier, M. Laval will preside over It is expected that the French

the discussion's in which Italy will

The first concerns the granting to Italy of a large economic con- cessions, the second provides for a revision of the mandates and the colonial, possession in favour of Italy, If she undertakes not to woge a war against Abyssinia,

while the third suggests a League or Nations mandate for Abyssinia. These three proposals were also dealt with at length by the rest of the Italian press, which do not mention the possibility of their acceptance or rejection by the Italian Government.

Britain by Minister for League of Nations Affairs Mr. Anthony Eden, who was accompanied to Paris to- retary for Foreign Affairs, Sir. Ro- day by the Permanent Under Sec- bert Vansit:art.

the dispute, in spite of its difficul- In Britain it is strongly felt that

ties and the advanced stage It has now reached, should still be cap- ab'e of solution, if it can even now be brought back to a poins of calm hoped that this may and reasonable examination. It is be possible

SILVER MARKET

According to the "Enandal News" some anxiety is felt lest the unloading by speculators will be extended in the next few days in which case the vigorous sup- port of the American Treasury alone can prevent a complete col- lapse in the market.

The "News Chronicle" says that between 11 to 12 million ounces have been absorbed by an Ameri- can offelal buyer yesterday and estimated that during the past two months nearly 200 million ounces WSTO purchased in the London market by America.

The speculative and bull post- (From Our Own Correspondent)

tion Inst be nearing complète London, August 14: liquidation and it would not be down 3/4 as follows:-

London silver prices to-day were surprising to see a fairly sharp rebound in the price of metal once Aug. 13. Aug 14 the technical position of the mar- .29-15/16 29-3/18 ket has been thoroughly cleaned .29-15/16 29-3/18 D.

Spot

Forward

London on New York cross rate at 2 p.m. to-day was 4.9806 com- pared with 4.9738 at closing yes- terday.

In the opinion of the "Daily Telegraph, silver is synonymous In America with powerful political Interests. President Roosevelt is faced with a dilemma; he is not anxious to pay an unnecessarily high price though he knows that if he relaxes there will be heavy buying and the market will be demoralised.

"

He solves the problem by gentle and gradual lowering of the "buy

ng price which incidentally and most mercifully, is in favour of speculators.

NEW PROPOSALS (Special to the "Hong Kong Daily Press" (Copyright).3

Paris, Aug. 18. Reports from London that Mr. Anthony Eden is bringing and

new What will be the end is rot extremely important pro- easy to see, Vast hoards of the posals for settling the Abyssinian dispute, have raised may or may not be tempted out. Italo- metal remain in the East which interest with which his arrival Who can weigh up the situation to-night is awaited to a state of which is dependent on the actions tense expectancy in political cir- cles here.

to

MADE THINGS WORSE

during the Paris taiks.

For some weeks past the British Government have been engaged in

Rumour has it that the British an examination of all the elements League of Nations Minister will in the situation including is econo- even go so far as to urge dis- mic aspects. As result Mr. Eden will tribution of colonial possessions, be in a position to submit for dis- Italy gives an assurance not to The "Lavero Fascista attacks cussion among the delegates, cer- make war on Abyssinia. the "billigerent pacifists" in Eng-tain" constructive proposals invol Great Britian would have land, who advocate the sanctioning pressure on neither of parties bear the cost or even war against Italy. But in

of this to the dispute, which may be of says the "Le Intransigeant and proposal, Paris, the gravity of the mistake practical value in the task of give Abyssinia a 15 now, realised. of "not having evolving a scheme

strip of the acceptable to British Somaliland. "allated Italy her due share of the both.

The paper is colonial mandates after the World

rather inclined to the opinion WEL

however, that the plan provides

Pelping, August 14 certain economic concessions and Japanese concerning Tao Shang The Nanking protest to the

o Influence in Abyssinia. no extension of the Italian sphere Min appears to have lengthened

his imprisonment.

Their Paris

·NO MEANS OF DEFENCE

Longer “Term" For Tão

et

which took London completely by surprise, was responsible for the sharp fall in silver prices to-day.

London expected America tu continue to buy around 68 cents and therefore there was little change expected in the price, al- though it was known that the Far East was selling very heavily.

America confounded expecta- tions by refusing to buy at the fixing, except at much lower levels, which caused the spot price to fali three-sixteenths. After the fixing the Far East holders con- tinued to sell very heavily.

America commenced her opera tions by paying the rates asked. but gradually lowered her buying price, final quotations being about three sixteenths below the fixing.

Brokers paint out that despite the recent heavy American pur- chases there is still a large bul position outstanding.- Reuter.

HEAVY PURCHASES -

New York. Aug. 13. It is reported that the United States Treasury bought in New York approximately 320,000 ounces of silver at 67.62. and later an additional 250,000 ounces at 67.12. This compares with the previous buying price of 88 cents for for- eign bar silver.

En

connection.. with to-day's weakness in the world silver mar- kets some trade quarters hold the theory that in view of the specu- lative position built up by some operators, presumably in anticipa tion that the Treasury's next move would be a higher rice of silver,

the Treasury might have thought it expedient to withdraw support at the level at which silver was recently pegged with the intention of shaking out speculators and at the same time accumulating addi- tional sliver cheaply. Reuter.

MOONEY CASE RECALLED Serious Charges Made

Baltimore, Aug. 13.

DODWELL & CO., LTD. Sole Agents.

Tel. 20638..

MANY LIVES

LOST

Italian Village Tragedy

(Special to "Hong Kong Daily Press"} (By Telegraph, : Copyright, Tela graphic Messages Ordinance, 1894 Received, August 14, 1.80 p.m.)

Rome, August 14 A frightful catastrophe costing many hundreds, of lives overtook the North Italian village of Molare, in the province of Liguria yesterday when the dams of Lake Orbicella, which is fed by the two rivers Orba and Stura, burst and

torents of water poured in the direction of the village with such rapidity that the majority of the villagers were unable to save themselves!

Approximately five hundred out of Molare's seven hundred in habitants were drowned or have been buried under the wreckage, and the material estimated at

lire.

Queen's Building.

RUBBER PRICES

To Show Improve- ment Soon?

Singapore, Aug. 14. VA.Lowinger, one of the Malayan delegates to the Inter- national Rubber Regulation Com nittee in a speech on rubber re- striction said that the Internation- al Committee estimated that with the present quota of 65 per cent.. providing there is no change in world economics, there will be a reduction, beginning on July 1, 1935, of 200,000 tons per annum.

receded prices will improve to give It is hoped that as the stocks producers a reasonable profit and at the same time this will not

however, to give any indication of bleed the consumer. Horefused,

what such price should be.

It had taken two years of tim restriction to reduce the stocks to normal proportions. The rabber restriction was only one year old but is now" considered to have damage is

reached that state where It is many millions of beginning to take effect.

Reuter.

The village has been completely cut off from traffic, as four bridges have been destroyed by the torrential floods - Traurocean Kuo Min.

COUNTRY INUNDATED

Rome, Aug. 13. It is believed that thousand people have been drowned as the Allegations that the whole of result of the bursting of a dyke the evidence given by John Mac-in the township of case against Tom Mooney, donald, the star witness in the Alessandria, "

who

Ovada. near

TREASURY RETURNS

London," Aug. 13. The Exchequer returns show thar the ordinary revenue excluding self-balancing items amounts to £203,978,354 compared with £205,-. 097,486 at the corresponding date last year. Improved trade cond! tons are reflected in the revenue from customs and excise amount

The country has been inundated was sentenced la 1916 to life im-

ver an area of 25 miles by 16 prisonment in connection with a miles, a number of factories have bombing incident at San Francis-been destroyed, and four bridges, ing to £105.515,000, compared wres

X

swept away.'

When the dyke burst, hundreds of people crowded on to the roofs of submerged houses, bet engulfed as the houses crumbled were

ewayw

old. Reuter.

The alternative to a peaceful solution would be resort to force. correspondent in- which in the British view would in- timates that in French political volve a disregard of the repeated circles the possibility of some such treaty obligations, and would there- solution similar to the administra-by seriously increase the Euro- the attaching of too much im- would be released yesterday but The Paris "Solr" warns against Es family understood that Tao tion of Syria, Morocco and Iraq is pean instability since it would being considered.-.

portance to the alleged proposals. after the profest was made it was

co. when many lives were lost, cast doubts on the value of all in- since It Transocean Kuo Min.

had been distorted by the police ernational undertakings, and they can go further than those lease him was rescinded on the

is hardly possible that reported that the decision to re- are made by Mooney's counsel to this particular Instance might well which Mr. Eden cabse repercussions

the referee who is taking depoal- already ground that the matter was now has among the made to Signor Mussolini" in in

tions in connection with Mooney's races further afield,

the diplomatic vair on

hands the recent

"habeas corpús" application. visit Rome, view of the "Le Intransigeant"

to Nanking.-- and it

John Macdonald, now an takes the same Keuter.

paralysed man, has declared un-

Italy will be mainly economie, that the inducements overed to

der oath that he had never seen and pointing out that Egyptian-Warren Billings, before be

either Mooney, or his associate, which is intent on securing the Roman civilization had already confronted with them in the San was

Abyssinia. political and military control of once before made a mutual con-

tribution to each others develop bing.

Francisco prison after the bom- It declares that the chief task

ment. Italy, so the paper goes on for the Three Power conference to say,

He has also affirmed that al- Reports on the Paris negotiations will be to

is watching with great though he protested that Mooney limit the control of sympathy the Egyptian people's was a complete stranger to him, will be made to the League Coun-Abyssinia in such a way, that the Fational awakening. "The utmost cil, when it reassembles dally next Sovereignity of this country will solidarity prevails between month.

a police lieutenant, Charles Goff, two countries and this solidarity ned Mooney as the man who left reported that the witness identi-

Geneva, Aug. 14. Abyssinia has protested to the League against the arms embargo and says that Ethiopia manufac- tures no arms and munitions, and owing to prohibitions and embar- goes, cannot obtain any means of defence outside its own frontler.

She asks if the Council will allow an unequal combat..to con- tinue between two members of the League, one of which declares that it is employing all resources prepare for aggression while, the other, is weakly pacific, and mind- ful of its international obligations, is deprived of all means of organis- ing defence on which its very existence. depends- Beuter.

to

FRANCE'S DILEMMA

Paris, Aug. 14. The Anglo-French conversations on the subject of Abyssinia began this morning when Mr. Anthony Eden, with the British Ambassador, visited M. Lavel

It is significant to find that both the "Morning Post," the organ of the right wing Conservatives, and the "Dally Herald" the organ of the Labour opposition, are agreed in promising Mr. Eden "under sup- opinion" in his efforts to promote part of every secilon of the British

peaceful settlements,

British Wireless.

be uninfringed.- Transocean Run Min

LEAGUE DEFIED

CONGRESS BANNED London, Aug. 14. "The dilatory tactics af

Berne, Aug 13. the League of Nations are obviously known

The Communist "demonstration, playing into the hands of Italy, Congress against the Italo-Abys

29 the "International whose immediate aim is to gain sinian war which was to have time to complete her preparations for war against Abyssinia." de August 15 and clares Lord Snowden, former La- bour

leader, in a letter to the "Times" to-day.

Mussolini, continues the former France was faced with a dilemma. Chancellor of the Exchequer, has made it abundantly clear that he Europe. if will attack and fully conquer France does not support her anti-Abyssinia His declared purpose Italian claims while Italy

is to defy the League.. making European" co-operation conditional upon her being allow ed a tree hand in Africa.

The "Paris, Mid?" remarked that

Britain threatened to withdraw her co-operation in

are

If the League does not accept his challenge, there's an end of the League, Lord Snowden says, France has to find a solution that'

But he adds that there would is pleasing to both parties on paine complications as a result of the of losing her friendship—

League's failure too terrible to Beuter

contemplate. Berlons trouble in Britain's colonial possessions would almost certainly develop,

"The situation," he warns, con- tains all the elements of another world war conversations which start on. Reuter

PRELIMINARY TALKS

London, Aug. 13: The preliminary talks which be- gin to-morrow, and the more form

ITALY AND EGYPT

the

common

is based not only "on Ideals but also on the economic minutes before

a suitcase in the street a few and

the bomb political and even

Was national

thrown.- necessities". Transocean Kuo Min

Reuter:

ACTIVE POLICY

London, Aug. 13.

has been the feature of the Post A policy of active publicity which mice work in recent years, and which was marked by the appoint- ment of a Public Relations Officer In 1933, is to be pursued..

"EARNEST ATMOSPHERE"

Paris, Aug. 13. The critical three-power conver- taken place in Basel between sations, concerning the Itais-Abys

August 17, has sinian dispute, will open in an at- been prohibited by the dictation mosphere which was authorita- of the Federal Council yesterday tively described, to "Reuter" to on the grounds that the Congress night as earnest, without would be

either calculated to impair pessimism or optimism Switzerland's international ré- On the whole, however, opinion lations. Transocean Kuo Min

Sir Stephen Tallents who was seems to tend rather towards pes-secretary of the Empire Marketing simism than optimism. It is felt Board from 1928 to 1933, was the here that Great Britain holds the arst Public Relations Officer. He Rome, Aug. 13. key to the riddle, but nobody recently accepted an appointment press is taking knows at present what she la go- pains to stress Italy's solidarity tag to propose, except Mr. Anthony the British Broadcasting Corpora- as con'roller of Public Relation, to with Egypt. The Lavoro Fan Eden, the British chief delegate, tion, which takes effect in October cista" reprints an article from an who, when he arrived this even- and it is now announced that Egyptian newspaper, in which ting, made no

at present the Post Representative statement to the Lieutenant Colonel E. T. Crutchley in the Commonwealth of Australis of His Majesty's Governmen It is upon Great Britain's atti-United Kingdom The "Giornale d'Italia" likewise ude it felt, that the outcome as Public Relati brings a lengthy article affirming of the conversations depends. -- Italy's friendly feeling for Egypt Reuter,

Post Offer

The Italian

is stated that Egypt would seize crowd of eagerly waiting journal the opportunity of the Abyssiniants He drove directly to the conflict to demand full indepen- British Embassy. dence from Britain.

the

Instal a

£101,854,000 tr the same poziedz of last year.

The total ordinary expenditure," exclusive of self-balancing items la £266,086,068 agains! £255,819 577- at the corresponding date of 1934.- British Wireles

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