1935-12-16 — Page 3

PARIS PEACE FORMULA TO END CONFLICT

Text Of Proposals

Rome Dec. 13. The Anglo-French peace plan, the text of which has been issued here is divided into two parts. The first concerns territorial ox- change, and the second refers to the zone of ecnomic concessions which it is proposed to grant to Italy.

Italy is key to make. reserva- tlons on the grounds that the terms are inadequate.→ frater

"

·PEACE PROSPECTS

Rome, Dec. 13. Whe official circles remain silent it is felt that new Franco- British peace proposals have es- sened, rather than improved, the propects of peace. They give

The former proposes the cecalon to Italy of East Tigre, as bounded by a line drawn from north to Italy deftely less than "was ex- south between Aksum and Adowa.pected, and thus the leaving Aksum to Ethiopia and Signor Benito Mussolini's accep-· Adowa to Italy.

tance la decreased. If he does The frontier between Eritrea accept it w be with reservations and Danakall is to be rectified of an important character. e as to leave to Bithizpia Aussa and such territory as is necessary to give Ethiopia access to the sea.

The

fretler New

between Ogaden and Somaitland wit be u tine

There is general disappoint- ment over the smalness of the territory yielded to Italy In the peace formula. :

The proposed cession of the port cutting Webbishebeli atc Assab will probably be strongly Ididole, leaving Gorahal to the contested by Italy while it is east and Warandab to the west feared that the proposed zone and joining the British Somali- land frontier at the 45th Meri- dian.

All weils in the territory ceded to Italy must be safeguarded to their original users, Ethiopia is to receive an outlet to the sea preferably by the cession of Assab and a strip of territory giving her access along the French Somall, land bordes.

RESERVED ZONE The second Dart of the plan provides that the British and French

their influence

HONG KONG DAILY PRESS, MONDAY, DECEMBER 16, 1935,

NEW YORK STOCK EXCHANGE.

trarougn Keniar's Agency).

"QUOTATIONS

New York: Decomber 18,

New York/London Cross-rate Now York Cotton-Mar. "New York Rubber-Mar. Chicago Whoat-May. Chicago Corn Silver-Official

Last Today's High Low Close Close Change

unchanged 11.34 11.3 11.37 11.55 1 off 13.40 10 up

-13440 13.37 13 10

100 981 801 180

hot

by

1 aft

1 off

—

801

unquoted

Dow Jones Averages High-1934/35 Low: Dec. 13. Dec. 14. Chauge

30 Industrials

Stock & Div Adams Express Amer, Can (4) Am. Cyanamid "B"

(25dr.).

Am. For. Pwr Am For. Pwr. $7 1st .." PL

of economic expansion would be- Am. Locomotive ........! come a prey to Ethiopian infiltra-Am, Radiator tion and aggression. The agriculam melting tural and mineral picentialities of the zone. moreover, are unknown and it is whether the climate suited to European colonisers.

It is recognised, however, that the proposals

subject

to variation. Reuter

are

140.98

98.71 140,18

97.31 40.33 14.42 98.34

14:406

.18 off

2837

.03 up

593:43 108,00

9781

.19 of

.59.46 5687

$6.20

AA Off

Business Done: -670,500 shares.

Merry

148.94"

20 Bails

41.84

90 Utilitie

20.98

chance of

40 Bonds

931

11 Commodity Ladex

03.10

Last Sale Dec, 13 Dec. 14

Las Sale

*10) 102 131

·Stock & Div. Gold Dust (120)

Dec. 13 Dec. 14

191

191

1311

Goodyear

****ཎུ*,*4,203

201

fat. Cement

+21

43+

Int. Nick (80)

127

12

Int. Tel & Tel

Johns Manville

277

Kepnecott (150)

524

25 *

Loew's (1)

241

237

227

Lorill (1.20)

581

Ment, Ward.

39

38

Am. T and T. 49) 154 + largely am. Tob "B" (5) uncertain Am. Waterworks 1 201· would be Am Waterworks

155

Nat City Bk. (1)

·384- .. 387*

92

Nat, Da P. (1.20)...

19.

194

201

Nat Distillers 301

30

Nat. Pwr Lt." (80)...

bref (81

91.

NY Central

27

271

Anaconda Copper ... 261 Atch. T. (25d.) Auburn "Automòblic Baltimore & Ohio Bethlehem Steel

27

N. Amer. (50c. 4%)

244

247

and 8. F.

Pac. Gas (1.50).

291

291

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13

363

371

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62

6

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127 137

301

301

Phu. Petro (1)

N25

414

411

361 .361

Boeg Airplane Borden Co. (1.80)

Pub. Ser NJ, (280)

901

951.

43

424

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111

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*111

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Case Canadian Pacie Caterpillar. Tract

Schenley

971

981

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554

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651

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Sri Cal. Ed. (1:50)

137

Southern Pacific

56.

562

233

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51

Stap. Glas

141 141

847

851

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131

131

Ster. Pro (2.80)

881

861

Studebaker Corpn

Comm. Stbrn. Comm Sthra.

21

21

Texas, G. Sulp (2)

36

301

301

* 691

Un. Pac. Rlys (8) 106

294

281

Un. Alferaft Corp... 221

42

Un. Air Line' Trans... 114

i.

ETHIOPIA'S ATTITUDE

Geneva, Dec. 13.. Governments will use An Ethiopian communication to at. Addis Ababa the League of Nations on the and Geneva so as to cause the Anglo-French peacè plan, received southern zone of an economic ex-to-day. technically" neither ac ploitations and repopulation re- cepts or rejects the proposals, serve to Italy, the limit to be, un but makes complaints and the east, a rectified frontier beservations with regard to Ethio- tween Ethiopia and Somaliland, pla's sovereign rights. on the north at the 8th paralle, ca the west at the 35th Meridian, and on the south the Ethiopia- Kenya frontier.

In this cone, which forms an

integral part of Ethiopia, Italy will enjoy exclusive economic rights the zone to be administered by a privileged economic com- pany or similar institution, which wi have absolute rights of pro- perty over the unoccupied ter- ritory, and also for the exploita-" tion of mines, forests, etc.

This privileged economic com- pany will be obliged to kontribute to the economic equipment of the country by yielding part of its profits in favour of the native po- pulation.

ADMINISTRATION CONTROL The control of the Ethiopian

Compliance with the Ethiopian" appeal that the League Assembly should discuss the fairness of the proposals would take the question put of the hands of the Council, as the Assembly is the sovereign body of the League. Reuter

COUNCIL WILL REJECT

Geneva, Dec. 13. Despite the general hostility to the peace proposals, it is now can- "sidered most unlikely that the Council of the League will rejec the plan, backed as it is by Great Britain and France. -

Ch. Nat. B (140). C'Peaks Corp 12501 Creake Corp. and

Ohle (280) Chrysler (id)

Conis. On (28) ...

cum. P. (B) Cops, Gas, N.Y' (2) Cont Ol (25) -. Corn Prod. (3) ...... 421 Douglas Aircraft # 351 38 Du Pont (3.607) ........ 1354 1351 Elec. Bond & Share 15' It is believed it will be voted un- Elec. Bond 35 P1 (5) animously, but with some absten-Elec. Eond $8 P1 (8) 72 tions. But it will probably be pas- Fox Film "A" sible to devise procedure which Gen. Elec (60) ... 354 will avoid a straight vote.

Gen Foods (1.80) 321 Gen. Motors (14) .... 541 Gen Ely. Sigs (1)... 394

tension Italy. Reuter

of

It is believed that M. Pierre administration in the zone would Laval, the French Prime Minister, be connected, under the sover- and co-author of the plan, may eignty of the Emperor, by services recommend the appointment of a appointed" by the League of committee to examine, the propo- Nations These services could be sals, which will probably entail administered by a principal Coun- delay and might hold up the ex- embargoes against sellor, who might be Italian and act as deputy for the chief de- legate of the League at the Em

BRITISH DECLARATION peror's Court The chief délegate must not be a citizen of any 'bor- ............ Geneva, Dec, 13. der State. Assisting the services

The emphatic declaration by Mr. would be regarded as one of the Anthony Eden, at the meeting of principal tasks, ensuring ful free- the Committee of Eighteen to- dom for Italians in pursuing their day, that the British Government enterprises both in the capital and would not, waver in pursuit of the the reserve" zone.

restoration of peace and the main- "The Britin and French Govtenance of the League's authority.

ernments would undertake

to

guarantee the suppression

and that it would continue to give all the assistance in its power to

+ ez. div.

149

301

Transamerica (1.121) 12)

Ca Car. and Carb

.,(1.40)

United Corpn........ 'Uni, 'Gas Impr. (1.20) Univ. Leár Töb ̧ ̈ (2),

15

US. Indus. Alcohol... 87

73+

U.S. Rübber

141

08. Steel

40

30

Vanddium

18

32+

Warner Bros. Picta.

.541

West & M. (165)..

39+

Call Money *****

Bild

† possible taatilation

བྷཨྰཿའོཟླསུབྷཱཝཙ ཚེསྶ22སློཀྐ623128

ACCOUNTANCY SCHOOL'S

FUNCTION

Dinner At Peninsula Hotel

alaver and arms tramc in the the work of the Committee, made. Hong School of Accountancy, and the Bookkeeping Papers 1 and 2,

zones ceded by Ethiopia

Kessler

a big impression,

The first dinner of the Hong

The declaration is generally in- Commerce, given jointly with the terpreted in the lobby as implying

Hong

Kong "Accountants and that the British Government has Secretaries Society, at the Fenin- no intention of avoiding or delay-sula Hotel on Saturday night was

largely attended.

EUROPEAN WAR FEAR. Reports from London state, that there is good reason to believeing the extension of sanctions that an Italian threat thatall Reiter,

sanctions would immediately pre cipitate war in Europe and the de-

claration that France could not UNEMPLOYMENT RELIEF

join in an 'ail embargo or mobilise her fleet within a fortnight, in- Auenced Sir Samuel Hoare to fall

in with the French peace plan.

The fact was that Great Britain

Special to the Hong Kong Dalby Press”: :(Copyright.)}\

Paris. Dec. 13.

thoed the prospect of fighting The number of persons drawing alone against Italy if the' of em- unemployment relief in

France bargo were pressed to an accom- increased by 17,200 56 416,700 in blished fact.

the week ending December 7- Meanwhile, a though there seems that is 31,800 more than "at the every reason to suppose that the same time last year -- reception of the peace formula Tränareeän Luo Min. will be less hostile & Geneva than was at first expected, it is very anibtrul if Italy win accede to the proposals.

WELSH TEAM AGAINST NEW ZEALAND

Immediately after the dinner. the prizes and awards won by the successful candidates, were pre sented by Mr. B. da Silve, Senior Supervisor.

Gold Medallist, took First Place in

while. Mr. C. A. Figueiredo', was the recipient of the official notice

the same test.

NOT MASS PRODUCTION “In the Institute of Commerce, Birmingham, July

1935. Intermü diate examinations the school sib- mitted 2 candidates who took 28 Rapers, for which they were all awarded first class Certificates of President of the Society. Mr. C. A. In a few well-chosen words the

Merit. In the December aramina- tion six students, took the Ad- Figueiredo, thanked those present fanced Blage and six others took tribute to the Principal of the for their attendance and paid the Intermediata of the same

Institute, the results of which w School, Mr. M. S. Phoon, for his be published in the local papers guidance and co-operation in the and The Accounting Student in

the early part of 1936. formation of the society,

4th

PRINCIPAL'S SPEECH Mr. M. S. Phoon, FLIA, on be- half of the school, welcomed the guests and congratulated the re- clplents or prizes. In his annual report, Mr. Phoon said:

The School presented three candidates for the LLA Final and 13, for the ILA Intermediate in the December 1935 examination. To these students we extend our best wishes and the best of luck. Ethiopia le endeavouring to!!

“Our aim is not mass produc- tion but to raise the standard of have the matter of the peace

commercial educationin the proposals taken out of the handa

colony. In this connection, the of the League Council and placed before the League Assembly.

school has extended the period of training in order to meet the which is the sovereign body of Jenkins (London Welsh) Rees the July 1935 International practing requirements demanded the Teague. The reception of the Jones (Oxford) Idral Rees (Bwan-Institute of Accountants Interme- by the professional bodies, thus plan there might be more to sea) Wooler Cambridge), Claude diate examination. Mr Ton Chak, securing for its students profes Ethiopia's king, is considered.

ITALY'S STAND.

Rome, Dec. 13.

is learned In weR-informed

I circles that Italy is still

to accept the peace pro- but as a brils for Alarus

London, Dec. 14.

"I am pleased to report that the discipline is satisfactory and the The following is the Welsh rug-results of the various professional ger team against New Zealand at examinations continue Cardiff on December 21:

STRELLY TE

to

be

for existence in the

Davey (Bwansea); Clim Jones Chun Won the coveted President's slanál, status and equipping them (Cambridge) Tanner (Bwansea), Gold Medal for First Place in the with practical knowledge which Tarr (Bwansea), T. Rees (New East, while the four other candi- will serve hem in good stend in port), Payne (Swansea). Watkins dates who took the same examine their (Cardim), Williams (Crosskeys), tion also, passed with honourz | filtre. Clyn Prosser (Neath Lang (Lian- In the Final examination of the M nelly), A. M. Rees (London Weish). Institute. Mr, Thomas E. Young 73 Reuter

the December 1934 Intermediate sent

then called upon Mr. to make the pre-

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