1939-05-02 — Page 9

HONGKONG DAILY PRESS

New Companies Formed In Shanghai

Commercial Bank And A

Railway Project

SHANGHAI, May 1 (Reuter)-Two major joint Sino-Japanese enterprises, one in the field of trans- portation and the other in finance, came into being here yesterday, when the Central China' Rallways Com- pany and the Huahsing Commercial Bank, each capi- talized at $50,000,000, were established.

How

tantamount

DANZIG & THREAT TO

POLAND

14

PARIS, May 1 (Reuter)- That a threat to Poland may shortly arise over the Danzig question, is given in several newspapers which urge Poland and Rumania to widen the scope of their alliance.

""Figaro" states, "All those whose Independence 18, or might be threatened, must stand together. That is the policy dictated by the events.”

S.M.C. PROTEST

TO JAPANESE AUTHORITIES

SHANGHAI. May 1 (Reuter)---

CABLES

SOVIETS MAY DAY MANIFESTO

Appeal To Workers

Of Britain, France

And United States

MOSCOW, May 1 (Reuter)—— The workers of Britain, France and the United States are urged to make a common cause with those fightlog aggression, In A May Day Proclamation Issued by the Comintern,

The Proclamation demands economic and military sanctions against war-mongers, help China and for movements

for

to

"liberate" Czechoslovakia. Albania. Spain and Ethiopia.

Unlike previous manifestós, the

condemn the De-

mocratic countries.

The Railway Company is ar "The new venture is supposed subsidiary of the Central to be ready to issue bank notes China Development Company convertible into foreign currency and will manage, on behalf of upon request on the basis of pro-. the "Reformed Government,"bably 8 to 3 1/4 pence per yuan. 800 kilometres of railway in are two ways-firstly, by covering can this be "done? There the Lower Yangtze Delta, in-in the open market, which would cluding the Shanghai-Nan-be

to considering The Shanghai Municipal Council Proclamation does not stress world king. the Shanghai-Hang- exchange control as a convenient has protested to the Japanese au- revolution nor chow, the Soochow Kashing, source of supply. the Nanking-Wuhu and the

thorities against the assault by a SELF-DEFENCE

Japanese naval officer on Mr. A. H. Shanghai-Woosung lines, ac cording to Japanese reports,

"Naturally the

Samson. Assistant Commissioner of control cannot

REPLY TO HITLER Police, at the German Hospital, on which add that it will also agree to being used in this manner,

PARIS, May 1 (Reuter)-The operate inter-urban bus lines. therefore, it will probably, in self- the night of April 25.

defence, be forced to lower

alicged assault occurred majority of the pubile Labour Day The railways, which were the selling rates, or. secondly, by the during investigation into the motor demonstrations took place yester property of the Chinese State, have complete export control from the accident in which Dr. Bertram day, instead of being held to-day, now passed into the hands of the occupied territory in Central China Lille, Principal of the Lester School which, for the first time in years; Reformed Government. It la un- leaving the imports free for, at and Henry Lester Institute of will be a day of work, with a few derstood that it will not be con- least, the time being.

Technical Education, was killed exceptions. cerned with the thorny question of

"I understand that the second B. J. Wimsett were seriously in-

and his wife and Police Sergeant "This is labour's indirect re- foreign indebtedness in the lines: in which British interests

is contemplated.

ply to Herr Hitler." writes the But.. jured.

newspaper "Paris Soir.""

are course

heavily represented, as it will only this act as an operating agency of the that rallways.

event, it stands to reason proceeds from export bilis (which would have to go to the new private bank), are insufficient BANK PROJECT..

to cover ordinary import require- The Huahsing Commercial Bank ments. This is the position at will have its capital of $50,000,000 the moment," said Mr. Kann, fully paid up and the shareholders Mr. Kann proceeded, "In which- will be the "Reformed Govern-ever manner it is being handled ment and six Japanese Banks. It would appear that its effects The Bank's issue, according to will not be beneficial to the already the same semi-official Japanese re-much-hampered trade." ports, will be "legal tender in the territory under the jurisdiction of the "Reformed Government" and all transactions in territory under the sponsors hope that the notes the jurisdiction of the "Reformed will be convertible into foreign Government" but Customs, will be exchange at the rate of the ap-

excepted pending revision of the proximately market value Nationalist notes."

present Customs regulations by the Inspector-General.

ADVISABILITY QUESTIONED

of

"Its advisability remains a matter

means

It is stated that notes issued by the bank will be legal tender in

NEW GOVERNOR

Mr. Chen Chin-tao, Minister of

He was

The

Polish Government Accused By

By German Press: "Grotesque

Lies"

BERLIN, MAY 1 (REUTER)—THE FULL BLAST OF THE GER- MAN PRESS IS DIRECTED AGAINST POLAND, whose Govern- ment is accused of "grotesque lles," while the tone towards' Bri- tain is very mild. in marked contrast to the violent campaign of the last few weeks.

4

Certain foreign circles interpret this as an attempt to break Anglo-Polish harmony.

The Polish Ambassador, it is learned. left for Warsaw last night. It is understood that he has re-

Polish Government. in view of the Fuehrer's speech.

IMPORTANT KABLEYS

of conjecture," said Mr. E. Kann Finance in the "Reformed Govern-ceived fresh instructions from "the one of the Irading etcnomic cur- rency experts in the Far East.. ment." has been appointed when interviewed by Reuter to-day Governor of the new bank, regarding the creation of the new Mr. Chen, who is Ph.D. (Colum Sino-Japanese Bank in Shanghaibla University), wrote a thesis on WARSAW, May 1 (Reuter)-It was "For more than a year," he de" the economic principles of Con-announced here that Gen, Rash- clared, "ways and

were fuclus in two volumes,

is Commander-in-Chief of the investigated for the creation of Minister of Finance in Peking in Lithuanian Army, will pay an off- special banking for Central China the old days and was a bup of

clal three-day visit o Warsaw in free from the innuence of the Kwong "Yu-wet,"

the middle of May on the invita- the so-called National Government.

modern sage and tutor of

tion of Marshal E. Smigly-Rydz, the. "While the recent decision to former Emperor Kwang Hsu.

Tospector-General of the Polish Inaugurate a new bank did not come as a surprise, its advisability remains a matter of conjecture.

13

YANGTZE REOPENING? "LONDON, May

than more

one can say about the Federal Reserve Bank's ment of the

new

POLITICAL MOTIVES "The creation

of a banking Institution will most likely be closely connected with political motives, which I-as one far removed from politics of any sort cannot sufficiently appreciate.

ernment,

It is generally believed that it is a preliminary to the reopening of the Yangtze with the intention of securing for Japan foreign ex- change from Chinese exports re- leased from the Yangtze Valley.

Army.

The forthcoming talks are re-

Furthermore, the talks will mark a new extension of the Contacts Poland has been mak- fag since Herr Hitler's annexa- tion of the Czech provinces.

ITALO-GERMAN TALKS

HERR HITLER'S SPEECH

Further Chinese Comments

NEW

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Japanese Plans For Expansion

GOVT. GENERAL OF THE SOUTH

WINE AND SPIRIT MERCHANTS

TOKYO, MAY 1 (T/OCEAN) -A PLAN FOR THE GREA- TION OF A SINGLE ADMIN. ISTRATIVE BODY for the Ja- panese possessions of Formosa,

Islands and Spratley

the South Sea Islands is being considered by the Japanese Minister for the Colonies, Mr. Koiso. according to the Tokyo "Asahi Shimbun," which de- clares that this will be a step in preparation for the expansion of the Japanese Empire to the South."

The paper states that this administrative body would be"

Government regarded as a

General of the South.

Regarding membership the new body and the scope of Its authority, no Information is forthcoming.

CHINESE VIEWS

Spratley Island, the

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GRIM CHINESE ATTACK ON NANCHANG: JAPANESE CONTINUALLY HARASSED

TUNGSIANG, KLANGSI, May 1 (Central)—The grim hold of

the Chinese forces on Nanchang continged unrelaxed during the week-end as a series of fresh attacks on the outskirts of the Kiangsi provincial capital kept the Japanese on tenterhooks. Utter pandemonium, according Chinese forces who broke into

salt of the rejection of President 300 feet wide. Its only inhabitants until yesterday evening... Roosevelt's

proposal and the are a few humble fishermen. From abrogation of the German-Polish

the economic point of view, it is Pact.

Insignificart to whosoever is in This journal believes that since possession. Herr Hitler refused, to recognize

The leading Chinese news- papers in Hongkong continue to give great prominence in their editorial comments to Herr Hitler's speech last week.

to military reports, ruled in several the city have retreated again after The following views, representa-parts The European situation, in the tive of Chinese political circles in Arses of unknown origin 1 Reuter) arded as having particular opinion of the "Ta Kung Pao." Will Hongkong, have been expressed on rapidly reducing the few remain- now been reinforced with strong, of Nanchang where large having wrought havoc with the Ja- for the system in Central China There is speculation in Far mortance, as they will mean colla not be aggravated as a result of Japan's latest southward step.

were panese defence system. They havE is being well taken care of. This Eastern circles in London regard-boration between Lithuania

ing the outcome of the establish-Poland, which a year ago lived on diets the further strengthening of member of an archipelago of nine in the city was reported to have:

and Herr Hitler's speech, but it pre-

ing houses to ruins. One of the fresh units and are tightening new bank of the terms of hostility to one another the alignment, between Brital, coral Isles in the South China Seas, been blown up during the con-

largest main Japanese ammunition stores their grip on the city. endeavours in North China, Japanese-sponsored Nanking Gov-and made considerable advances France and Soviet Russia as a re-measures only 1,500 feet long and flagration, which was not put out

The Chinese right wing, in a recently,

lightning drive, advanced to Kwangyangklao, severi miles east of Nanchang, yesterday. morning, and is gradually en croaching on the capital city. ese Navy must be expanded For a distance of ten miles south „suddenly as far as New Guinea, of Nanchang to Siangtang, the Ja- the value of a world conference and Longitude 111.55 East, it lles

Situated at Latitude 8.39 North Borneo, and Celebes”

panese line has been cut at Some are of the opinion that

In 1931 General Honjo, then numerous places by ROME May 1 (Reuter)--Signor and to give a definite guarantee south of Hongkong. Manila, Bai- commander

continued the Japanese will endeavour to Mussolini spent half an hour yes-against aggression to the small nan and Saigon and is within easy Kwantung Army in Manchuria, in itself has now been cleared of Ja

the Japanese Chinese harrassing while Sangtang "On the other hand, I feel that make it à condition of the re-terday with Gen. von Brauchitsch, states in Europe, the only way to reach of the Dutch East Indies, his letter to the War Office in panese troops. the economic end would be better opening of the served by leaving matters as they Britain and

Yangtze that Commander-in-Chief of the Gerhalt, effectively, further aggres French Indo-China, and the Fede Tokyo on the plan of world con- America agree are, at least until peace is restored. accept the new bank's currency Italian Under-Secretary for War.

toman Armies, and Gen. Pariant slon is for the Democratic nations rated Malay States by airplanes quest, said in part: but all agree

to unite their fighting forces, that Britain and

which can mean heavy bombers. The conversations are said to America will never agree to that have been cordial in character and Kung Pao," the "Tsun Wan Yat Sharing the view of the "Ta

"Strategically; Spratley Island It is feared that the new curs recapitulation of the recent Pao" also urges further co-opera-

has a far-reaching value. It rency will further aggravate the discussions between Gen. Parlanition.

commands the maritime ap- between chaotic

Great conditions of

Britain, Chinese and the German" General Staff.

proaches from the Philippines, business though it is pointed out

France, and eventually Soviet Rus- Gen. von Brauchitsch and Gen.sta, in future European affairs,

Dutch East Indies and Malay that an attempt to force alien Partant will leave by air to-d for

States to the Asiatic continent. currency on Shanghai - must be Libya.

FRENCH POSSESSION

all that the Philippine Islands Since 1933, Spratley Island has would fall into our control. Wecruiting for Territorial Army con- LONDON, May 1 (BWB)-Re- French ownership has been con- the Facits and nobody would be by the Secretary for War during been the possession of France. Its could then be the sole master on tinues briskly. As was announced

SPECIAL MEETING OF CABINET

LONDON, MAY 1 (BW8)

far more dimcult than Tientsin

A where the failure of a similar

special meeting of the Cabinet was scheme was notorious,

held this morning for a review of

JJ

ASTORIA LEAVES FOR AMERICA SHANGHAI, May 1 (Reuter)-- national military training which foreign corespondent at the press Ordered to be back in the United

urgent current problems. These

are assumed to include Bills on

SERVICING OF LOAN SHANGHAI, May 1 (Reuter)—A

JAPANESE RAID

ON NINGPO

KINHWA, May 1 (Central) Death and destruction descended

of

Lientans, five miles south of Nanchan. Is surrounded by thin- "When properly applied, they lese forces Lend communication. (meaning the natural resources between the Japanese forces as which Japan hoped to seize in Llentang and Nanchang has been China and Siberia) could be the effectively cut. means of strengthening our sea

defence, and driving the American T.A. RECRUITING Influence to the east of Hawaii. Then there could be no question at

ל

SPEEDS UP

Parliament, developments in inter. Whether, since the newly-formed USS. Astoria salled for America/00 Ningpo, important north Che daim, though they had refrained not be potent enough tố đo na any measures was announced there 2

national affairs and Palestine.

had

are to be introduced this week in conference this afternoon asked States as soon as possible, the

Central China Railways Company this afternoon via Hongkong and klang town, this morning when six taken over various lines, it Manila. The stop-over at Hong- Japanese bombers dropped 17 would service the loan which fell kong and Manila will be brier missiles on the busy sections of due on May, 17.

∙lasting only a day or two.

the city, causing more than 100 Lo Hon-lam, of the A. P. C.;

The Astoria, it will be recalled, casualties and razing 200 houses. reported that about 4.15 p. Economic

Consul Ishiguro, of the Consular

[conveyed · the ashes of the late) Affairs while driving his car along Queen's

Department,

At a late hour this afternoon, bassador in Washington. from

malmed bodies from collapsed [America to Japan last month.*

buildings. Several wounded people, extricated from the debris and rushed to hospitals, have succumb

the

Road, near Pokfulam Road from called upon by the Embassy spokes. Count Salto, former Japanese Am-rescue parties were excavating Mukden Coup" on the Pacific, nese political observers in Hong. a, immediate effect on recruiting

across the road

east to west, a six-year-old boy, man to reply in his stead, said, Lai" Man, ran

Since the Chungking Government and was knocked down. The boy was the borrower there is no rea- sustained minor injuries to the son why the Nanking Government DEATH OF FORMER thigh and was sent to Queen Mary should service the loan:" Hospital.

RESIDENT IN CHINA

SHANGHAI, May 1 (Reuter)—-—-

•

When it was pointed out that it was customary when taking over

ed to their injuries.

Mrs. Potter, or No. 2 Bisney property to take over debentures Dr. Anne Walter Fearn, who prac Mr. Gec, of Mount Dayls Road, Villas, Victoria Road, reported that attached to it, he replied that ticed medicina in China for many reported that a larceny occurred sometime between 12.30 p.m. on there was no such international years, died in Berkeley, California, at his residence on April 27. in April 30, 8.15 a.m. yesterday some law.

регкоп entered here bedroom Asked if this meant repudiation through an open window, and of the loan be said that"in any stole a white gold lady's wrist case the railway were not paying, watch, valued at $100, and other therefore, there was no sense talk- articles to the total value of $180. ing about servicing.

on April 28, according to cables which he sustained a total loss received by friends in Shanghal of $1,125. The police recovered at She was 60 years of age and was 600-watt motor driven 8 mm. the authoress of the book, "My projector, valued at $425, and a Days of Strength," which was pub-Chinese woman has been detained Tished a few weeks ago.

in connection with this.

sistently challenged by Japan. It in a position to compete with us & Cebate on compulsory military is of interest to add that previous or to make a protest. Having van-raining the number enlisted up to ly Great Britain also regarded the quished the American influence in then, since April 1, had averaged island as their possession and had the East, the British infuence in 2,000 cally. never formally abandoned their singapore and Hongkong would since the introduction of the new from Challenging

French harm. Moreover, it would soon be been an additional spurt to it. sovereignty thereof.

destroyed by our navy also, while cruiting of those over 21, and it 18 When Japanese landed troops the South China Ses would like probable that the April figures will on Hainan Island last February, wise come under our jurisdiction be about 80,000. Generalissimo Chiang Kai-shek in Chungking characterized it as the

SECOND MOVE.

Announcement of the new mea- In seizing Spratley Island, Chi- sures for military training has had meaning thereby the beginning of kong consider Japan has made the for other services and the daily Japanese expansion southward at second move on the chessboard of average of inquiries at the "Afr the expense of American, British, naval strategy in the southern Ministry's information bureau Miz French and Netherlands colonial Pacific. It remains to be seen

week was 2,500. what step will be taken by the four powers, namely, Great Bri- tain, the United States, France and the Netherlands now that interests in the Far East are being openly threatened. Whether Japan will house to be erected in England be able further to unfold her and Wales since the southward expansion polley de will be ready for occupe penda on whether these four figure is rendered m powers concerned can adopt a when it in recalled that counter-messure to number of houses 1× 1918

million (3.WB.).

possessions in the region.

ECONOMIC ADVANCE Admiral Sankichi Takanasi, Commander of the Combinexi Fleet of the Japanese Na Once Was quoted as say "Japan's economic

must be directed southward, with either Formoss

South Sea Islanda mai

a foothold. In this

the

cruising radius of the Japan.

checkmate her,

4,000,000TH HOUSE

On May 8 the tour

remarkable

total