1935-08-16 — Page 9

ALL EYES

EYES ON

ON PARIS

The Tripartite Conference

INFORMAL TALKS SERVE AS

DRESS REHEARSAL

(Special to "Hong Kong Daily Press")

1894.

(ly Telegraph, Copyright, Tele- graphic Messages Ordinance,

Received. August 15, 4.30 pm.}

Paris, Aug. 15. Laval's statement

expected to use" the'r influence to "bain Abyss nia's consent to the arrangement.- Reuter, t

HONG KONG DAILY PRESS, FRIDAY, AUGUST 16, 1935.

THE SHANGHAI DAY OF MANY RUMOURS

VOLUNTEERS

Japanese Attack

The

use

Shanghai, Aug. 15.

The abolition of the Russian re- giment.in the Shanghai Volunteer Corps and drastic reductions "in expenses in other branches is being urged by members of the Japanese community, according to the local "Mainichi Shimbun."

Some NO INFORMATION

of the more radical elements are asking for the com- [Special to the "Hong Kong. Dally

plete abolition of the Corps and Press" (Copyright).

also declare that it is unnecessary Paris, Aug. 14. .. that high-salaried British officers No official information is forth- be employed by the Corps. coming concerning the result of

of expensive British yesterday's

between equipment by members of the Mr. Anthony Eden, and M. Laval, Corps is also severely criticised, it but further taiks between the British Reuter.

it appears certain that no issald.-

and French representatives will. take place

the Italian delegation's arrival, since

be agreed that the Mr, Eden and M. Laval seem to exchange of

results, so long as the exact scope views cannot lead to any tangible and character of the Italian de- The Brimands are not know,

Despite M. that he would not have further meetings with Mr. Eden before Friday, the press ΟΠ Thursday morning announced that the French Premier, after having seen Baron Alois n' the afternoon, will immediately confer with Mr. Eden on Thursday "evening, in order to compare with the latter British-Italian view points.

It does not appear that Mr Eden has made proposals that will meet the Italian demands halfway, 1975 "le Matin," which expresses the bellef that the British proposal is intended to strengthen tish Government's defence post-i

tion

the

which is aiming to seek a solution for the conflict, solely on ar economic and not political basis."

Britain will resist any attempt to make her give up these prin- ciples and are trying to convert M. Laval to the British point by appealing to the solid unity idea," declares the paper, adding that France, however, is unwilling sacrifice her friendship with

to

conference

before

both DALALENDRIELIALADbdda

SILVER MARKET

necessary to

(From Our Own Correspondent)

London, August 15. London silver prices to-day were down 3/16 Spot. 1/4 Forward s follows:-

Aug. 14 Aug. 15 .29-3/10 20

It will thus be await the first meeting between M. Laval and Signor Aloisi, which is scheduled to take place on Thursday. According to information, Mr. Eden nas pointed Forward

reliable Spot

out in his talk with M. Laval yesterday, that the forthcoming negotiations

based not only on the Three Power Treaty of 1906, but also on the notes ex- changed between England and Italy in September, 1920, in which

must be

.29-3/16 28-15/18

at 2 p.m. to-day was 4.9856 com- London on New York cross rate

pared with 4.9812 at closing yes- terday.

F

Italy and she is therefore trying England recognised Italy's claim BERLIN MOTOR

reconelle

the opposing British- Italian viewpoints.

The Journal likewise asserts that Mr. Eden did not bring any new proposals from London. Mr. Eden, however, the paper continues had been told that France will do all that is possible to prevent war which would complete the dissolu- tlon of those group of powera upon whom depends the maintenance of European order.-

LOISI ARRIVES

Paris, Aug. 15. Baron Aloisi, Italy's representa- tive at the tripartite conference. arrived this morning and later saw M. Laval at the Foreign Office.

Laval's conversations with Aloisi lasted 75 minutes. Nobody else. was present and nothing about it was disclosed, Lava) merely telling Journalists that the tripartite meeting opens tomorrow.

M. Laval will probably see Mr. Anthony Eden again this afternoon. Reuter.

the

AGREEMENT REACHED

Paris, Aug. 14.

to the extension of her sphere of

sinia, while the Italian her economic induerce in Abys- Govern- ment gave England the assurances that she would respect British

Blue Nile. Interests on Lake Tana and the

TRAGEDY

Sir Basil Blackett Killed

her tacit consent to this agree

France had subsequently given

ment, while Abyssinia protested but did not press the matter. It appears now" that England la

Berlin. August 15, willing to support Italy's demands Sir Basti Blackett was killed in for her economie expansiou a motor smash at a level crossing Abyssinia but will oppose

near Giessen Hesse when the local train to crashed into the rear of his car as it was crossing the lines. Sir Basil was unconscious when taken from the wreckage and died in hospital Reuter.

any

territorial, aspirations. It seems certain at any rate that M, Laval will be confronted with a highly delicate task, in the role of mediator, when the Three Power Conference formally opens Friday afternoon- Transocean Kun Mia.

"VIGOROUS PROTEST

on

(Special to the "Hong Kong Dally

Press" (Copyright)] -

Geneva, Aug 14.

of concilitory arbitration, procedure In accordance with the decision of the League Council of August 3, the Italian Government continues to send troops and minition to East Africa"

A vigorous protest against the continued military preparations by Italy has been addressed to the is understood that Mr General Secretary of the League of Anthony Eden. British delegate to Nations, by the Abyssinian Minister three-power conference at in Paris, in a letter which states in Paris in connection with the Italo-part "that despite the resumption Abyssinian dispute, and M. Pierre Laval, Prime Minister of France have reached agreement on impor- tant points with respect to the con- versations which are scheduled to commence officially on August 16.

They have agreed, firstly, that

"Italy moreover has uninterrupt- they must treat the Italo-Abyssin-edly manufactured arms and other lan dispute strictly within the instruments of war with the frame-work of the League Coven- solemnly proclaimed intention of ant. Secondly, there will be ques-using them against the Abyssinian tion of French mediation between Empire. There are no public or Great Britain and Thaly,

Both Mr. Eden and M. Laval ex- pressed deep concern for the pre- servation of peace and the fulai- merit of the League's obligations, agreeing tha the tri-party

con-

private arms and munition factor- les in Abyssinia. The Abyssinian Government is at present not in a position to procure such means of defence from foreign countries."

When it attempts to buy war ma-

(Sir Basil Phillott Blackett was a director of the Bank of England as well as many other world- famous public companies.

But Market Reported To

Be Steadier

| REASSURING STATE BY MR.

He was born in January 8, 1882 and was educated at Marlborough and University College, Oxford. where he won his MA. in 1904. He was a member of the Anglo- French Financial Mission to U.8A. which raised the Anglo-French Loan of $500,000,000 in October. 1915.3

HENRY MORGENTHAU

accumulation

New York, Aug. 15. Treasury Department officials Mr. Henry Morgenthau's state-admit that little progress has been ment came after a day of many made towards the rumours and protests from the Saver Senators. It is regarded in some quarters as an effort to head off both the threatened Senate in vestigation into the silver buying programme and a further liquida- ¦ Reuter. tion of world silver holdings

of the 11,000,000,000. outres need- ed to bring the Treasury stock to one quarter of the value of good stocks, which have been mcreased by $300,000.000 this year.

"BULLS" DISAPPOINTED

London, Aug. 14. Silver was again in the forefront the Gers to-day consequent upon the enormous dealings of the immediately past session. It is estimated that America hought 25.000.000 ounces fro tired "bull" operators alone.

Mr. Morgenthau said that the Treasury silver purchases have been increased on the falling o prices, this being "good business," adding that such a policy makes the Treasury least active when prices were steady and most active when speculators unload The speaker added that both India and China had recently made large offerings, causing a break in world prices.

MOS

Former. Indian and Chinese "bull" operators have been disappointed in the American - ver policy and have rushed to sell Meanwhile Senator Thomas an- order to close their commit- nounced that he was requesting a ments. Meanwhile, America has Senatorial investigation into the bought beavily at a price which Treasury's silver buying pro- showed a slight decline compared gramme, while Senator McCarran to previous levels,

has prepared a rider to be attach- ed, pending the Tax Bill, which would repeal the Silver Tax Bill and also the Nationalisation Sections of silver purchase.-- Reuter.

AMEA ABADLİKSELBARALABLE:

MARKET STEADIER

London, Aug. 15.

The

To-day, the ""bulls." frightened ty yesterday's fall, inundated the market with selling orders. price, after being fixed at three farthings lower later declined an- other farthing

the

The heavy American purchases necessitated the buying of a large amount of foreign exchange which explains the weakening of dollar in terms of sterling.

Owing to the wave yesterday and to-day, the "bull” of selling psition has been reduced consi- derably and the market therefore bears a healthier appearance → Reuter.

The silver market is reported to be steadier this morning, this being attributed partly to Mr. Henry Morgenthau's statement that American buying would continue, and partly to shake out the "bulls."

NOT ALARMED" It is estimated that America

The further drop in the price of bought from "between 50 to 80 silver is seen on Wall Street` as a million ounces during the past rebection of the disappointment.o three. days.

rebection of the disappointment of The "Financial Times" says speculators at the fallure of the that since June 28, last, with the United States Treasury to bid up passing of the Purchase Act, the price of the metal. America acquired 38,505 thousand with the fact that Congress is in coupled

་་

1:

GORDONS

DRYGIN

CASTILLE

LONDO

if it's

Gordon's

GIN

you know what you're drinking

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

WHITEST

PUREST

BEST

The Largest Gin Distillers in the World

THE OVADA TRAGEDY

Committee To' Investigate

1894-

#

FINANCES OF GERMANY

The Situation Summarised

(Special to "Hong Kon

Daily Press"). (B Telegraph, "Copyright, „Tele graphic Meusqu Ordinance, 1894.. Received, August 15, 7:30 p.m.)

(Special to "Hong Kong Dally Press"} (Bỳ Telegraph, Copyright, Tele- graphic Messages Ordinance, Received, August 15, 7.8 p.m.)

Milan, "Aug. 15.

Berlin, Aug. 15. The committee of investigation

To refute the allegations appear- sent to Molar to de.ermine the

ng with increasing. frequency in cause of the bursting dam at Ovada the foreign press to the effect that. on Wednesday reports that as far the German, financiaronsition has: as can be said with certainty at been rendered unsound by the ex- present the heavy long-continued travagant expenditure in the anti- in the dam by 15 feet higher than lanzeger" summarises the situation grains had "raised the water level unemployment campaign, "Loku-- the northal height, thus putting an

In an article under the heading of enormous additional pressure on

"How Is The Fight Against Jobless- the masonry.

ness Be'ng Financed?" the exceptional strain. but one of figures

The chief dam proved equal to

Basing the expositon on the

obtained from 'officin the side reservoirs regulating the sources," these show that in 24 collapsed. allowing a vast body of regime, unemployment had shrunk flow of warer to the power works years, since the advent of the Hitler

water to run with an irresitible en from 6 to 13 millions. This had necessitated a vast expenditure

th

force into a small lake below used

ounces of new mined silver, 112,912 an adjourning mood and further thousand ounces of nationalised action in favour of the Silver Bloc silver, and approximately 270 in the Senate is not looked for at raillion ounces in the open market. present. This might have induced Meanwhile the increase in gold the further unloading of specula reserves has largely prevented ative long holdings. relative gain in silver stocks. The three to one proportion aimed at purchases are reported in the New Meanwhile, additional Treasury by the Purchase Act is, therefore, Tark market. but according to still distant. Competent authori- sliver traders the Treasury has ties estimate that even if no more been very particular about de- gold is acquired, the Government very times, giving rise to the will still have to buy over a thou opinion that it is endeavouring to for irrigation.

of money which was raised chiefly sand million ounces of silver- make it as hard as possible for The flood gates there could not by the issue of Treasury Bonds Reuter.

speculators to get rid of

their stand the sudden increase of pres- which the Reich engaged itself to holdings

sure and were torn off the lake so Official circles.

years. These· as always, re- that instead of the normal con- bonds have been readily accepted main silent in respect of the price tent of 18 millions cubic metres all the Banks as gift edged: drop. But Senator Pittman, the there is now left only two millions. securities bearing a profitable rate inmate the halus way such "anti-jobless bonds" held by New strong Silver Block figure. com-

Thus, although rains

con- of interest. The total amount ofz was not alarmed. He was confid en, he said, that the Treasury knew what it was doing.- Reuter

"

REPORT DISCOUNTED

- New York, Aug. 14.

+

WANG URGED TO York saver traders refuse menting on the situation, said he

REMAIN

Journal of Commerce report that the Treasury has ceased or Will cease to buy silver abroad

The report is characterised by many as "ridiculous" and the ma

Standing Committee Jarity believe it would neither be

Makes Plea

to

redeem with 'n

5

marks.

TOTALS DEBTS

be feared. The whole plant which the Reichbank, private banks, sav. was built about ten years ago-hading banks and insurance care- up (I now had no disturbance of pan es now aggregate five milliarus any kind. The investigation com- mittee are authorised to suggest measures whereby, a recurrence of such a catastrophe will be prevent-

Transocean Euo Min.

INQUIRY WANTED

Washington, Aug. 14. politically nor economically feas!-homa Democrat.

Senator Elmer Thomas, Ds. ble at the present juncture

and prominent scrap the Silver Purchase Act and he was preparing a resolution call-

silverite, announced to-day that ed-" the programme it involves,

At the same time, it is pointed of the Administration silver pur- ing for a Congressional investigation out that the Treasury again has chase programme. been a heavy purchaser in London market while

the Treasury

in-

"

versation offered the last chance terial, it meets with an embargo, лeed your direction; we earnestly buying in New York has been re-dividuals, but against the" pra-

for

peaceful settlement of the Africa crisis before the League meets on September 4,

It is understood that the French Government have been informed of the British plan for the granting of economic concessions by Aby's

sinia

Nanking, Aug. 15. "The beavy responsibilities falf- ing upon the Central Government

hope you will withdraw your re- Does this consist of real neutrality dictated by justice? W the Lea-signation promptly and return to gue Council remain inactive in Nanking," states a telegram sent

to Mr. Wang Ching Wel by view of the situation, which is steadily growing graver? Wi Standing Committee of the Cen- permit this unequal struggle to

tral Executive Council- Reuter. continue between two members of "Which is the

to Italy. Detars of these the League?" concessions have heretofore not; more powerfu' and able to employ been disclosed, but it is understood all their means for preparing an that these are compatable first attack, while the other, which is with the Treaty of 1906, guarantee- weak and peaceful and respects ing Abyssinia's territorial Integrity is. International obligations, has and tracing the three zones of far- no possibility for organising the de- eign influence; secondly, with the fence of her territory from the Italo-Abyssinian Treaty of 1928 and threatened aggression?" thirdly, with the League Covenant.

The

"Will the League of Nationa Council assume the responsibility POSSIBLE BASIS

before the world of having per- Anglo-Italian notes ex-mited without interference pre- changed in 1925, tartering exclu- parations to be made for the whole sive Italian influence in Western sale s'aughter of a nation which is Abyss'nla and the construction of an Italian railway linking Eritres with Italian Somaliland against the protection or the British in- teres's in the Lake Tana "area, offer a possible basla, for negotia tions, it is believed.

~~TI S gor Mussini can be per- suaded to acceps the concessiors which Britain and France, taking Ita'y's need for colonial expansion into full consideration, regard as reasonable, Britain and France are

threatening nobody?”-- Transocean" Kuo Min.

ALL CALLED UP (Special to the "Hong Kong Daily Prema" (Copyright),)"

Rome Aug 14. The last effectives of 1911 13-14 classes now have been called, up by the decree published in Italian Mil- Itary Gazette. •*.

.. The majority of these classes are already under colours, thus the

24

the

7

EUROPEAN IN TROUBLE

With Japanese Police

#!

Shanghai. Aug. 15.

Frank

ported at sixty cents-- Beuter.

THE THIRD NAVAL SQUADRON

Nanking. Aug. 15.

The debts of the Reich amount to 12.8 milliards at the end of April, 1935 as against 11.18 milliards on April 1933, according to metal gures published by the Reich Statistical office so that the Reich National Debt is increased by, only 1 miliard under the Hitler regtime, He said the investigation would not be directed against any

If the total amount of anti- jobless bills was added to the Reich By order of General Chlang Kal debt, it results in a grand total gramme's administration general-Shek, the cruisers Hai Chi and Hal of 17 to 18 mill'ards marks, which NO TREASURY COMMENT

Sen have been incorporated into is no wise anamolous by compari-! Washington, Aug. 14..

He added that if the programme the Third Naval Squadron, underson with the total national fortune The New York Journal of Com-done immediately because there is Hisleh Kang Cheh.

is to be carried out it should be the command of Rear-Admiral estimated as between 250 and 360 merce report that the Treasury

milliards marks, or with the State has discontinued its allver buying ministration will be in power for the mouth of the Yangtse.”

do assurance that the present Ad- The cruisers will be stationed at Debts of other great countries.. abroad has elicited no comment ever from Treasury Department of- cals, beyond the assertion that carried out then the acquisition" pi If the programme is not to be the Treasury would continue to silver should fulfil the provisions of the silver without delay, declared Senator be suspended now, Purchase Act as long as it was on the statute book.

Thomas.

ly.

Reuter.

CURIOUS SEQUEL (By Telegraph, Copyright, Tele Discussing the McCarran Braphic Messages Ordinance, 1895. It was pointed out that the Sec- he said. that Senator McCarran

Received, August 15, 480 p.m.) retary of the Treasury has

been

would introduce his measure for

Baarbrueckan, Aug, 16.

monoseki have

The Japanese police in Shi- given wide discretionary power, the sliver six ispeal as a rider to One most curious sequels of the

arrested William Lowe, aged 26, an

as that empowering him to acquire the Tax Bill, which Congress is to Baar territory's re-incorporation ployee in a

em-metal at prices reasonable and

Chinkal Naval Base in South the charge of photographing the interest, but no limit has been set. Reuter.

Melbourne Brm on most advantageous to the publie consider before adjournament. it into Germany is the fact that Ger- is hoped- Private sources advance two rea- Korea-

sons for the urice break: Reuter.

First, that the Treasury is ta pering off after recent compara- tively, heavy purchases;

decree is principally affecting those. who have been exempted because they were studying or were only sons of families dependent on

them. Now even these categories will have to perform military dut les without exception- Transocean Kuo Min.

Becond, that speculators with heavy stocks have become din couraged and are unloading..

RUSSIANS ARRESTED

man railways find themselves com pelled to close a railway tunnel on a section of the line running from Merzig to Waldwicne, near the French border.

Although both entrance and erit to tunnel is on Lan Territory

Harbin, Aug. 15.

gres have been arrested and where

Seven prominent Russian emi- the tum

charged with intrigue against into ernment purchases have been of organisation of the Russian En

It is Indicated that recent Gov- Manchukuo and retarding the re-deman such a volume that a substantial gres association Further arrests reduction over a few days would are anticipated

be sufficient to break the market: | Reuter

trol

MUCH REFLECTION

The only feature causing "the state much reflection is a portion of this total indebtedness, namely about 18 milliards, not yet consoli dated. This part of the total states indebtedness is, however, being converted into long term loans as liquid cantal accumlated at the quickly as possible and already the Saving Banks and Insurance Com panies have been utilised for this purpose.

It must be remembered that the nancing of the 1s not

draw

venne 18 proved econom

a the po For paying off

Trantorson Auð

Belch's

the thorities decided to close the tun 3.000 nel rather than subend use of exacting demais

nch territory, the German au- Transoceny: Kuo Min.