1931-03-13 — Page 1

Fireplaces

of

Beauty

in

Latest

Colour

Schemes

C. E. WARREN & CO., L≤D.

Chime Buildłog

J

Local Weather Forecast, LIJ. for TEasterixbyfada, moderate; over £g; vrywdlight Gain and Yog

The

Demand:—11-7/88, Z-

Times:-6.32 p.m. -16.14.

Kibrary,

Supreme Court

Hongkong Telegraph.

Tal. 20169

FOUNDED 2001

******* *** WETHEAN FRIDAY, MARCH 13, · 1931.

NEW COMPANY A SALARIES

FLOATED

IN SHANGHAI

ENORMOUS QUEUE AT BANK.

FINANCIAL CONCERN

SUBSCRIPTIONS.

RUMOUR.

CIVIL SERVANTS' RESTORATION.

NO FOUNDATION.

A startling rumour to the effect that the Secretary of State for the Colonies had re- sponded to the petition forward-

FOUR TIMES OVER, ed on behalf of the Hongkong

(Our Own Correspondent.)

Shanghai, Mar. 13.

Civil Service by instructing the Government

cancel to

the system whereby Government salaries are paid at the rate of one-half at 1/6 and one half at the current rate of CX- change, was in circulation this morning.

Government circles were discus- sing the story freely, some of them doubtless being engaged in calculat- ing the extent of the increase in dollar pay which would accrue.

The remarkable success at- tending the flotation of an important new concern, the Yangtze Finance Company, Limited, which yesterday offered for public subscrip tion two hundred thousand Tla. 10 shares, is fentured in this morning's newspapers. Callers at the office of the Hongkong and Shanghai Bank- story. ing Corporation on the Bund yes.) terday wondered at the huge queue extending from one pars ticular counter at the Bank to the entrance.

124

The attraction proved the opening of the subscription list in the above mentioned com- pany, which has been launched under a powerful directorat», by Meaara, Benjamin and Polts, of Hongkong and Shanghai.

Heavily Over-Sulmscribed.

The Lolai share subscrip. tion asked for was Only T 2,000,000, it is understood that the applications came to a total value of at least Tis. 8,000,000, the issue being over-subzeribed four times.

The companz is incorporated under the Companied Ordines of Hongkong, a fact which · un- doubtedly inspires public CON- idance.

The company has been formed la carry an the business of an Investment Company in all its branches, to act as financiera.) and a contract has been entered into with Mr. A. MeLure, 4A, do act ns General Manager.

The Directors.

The Telegraph, on making en- quiries in official circles this morn- inx, was informed that there is not the slightest foundation for the

The Hon. Colonial Secretary ad- mitted that he had heard the rum- our himself. He did not know

AFTORUNMACINATEZANJEIRAZINIKT NAZADESCHANEL

MUI TSAI LAWS IN HONGKONG,

CONSERVATIVE DOUBTS OPERATION,

THE 1929 INSTRUCTION.

London, Mar. 12.

In the House of Commons to-day at question-time. Mr. E. T. Campben a asked why the orders contained in the Secretary of State's despatch of August 22, 1929, instructing that steps should be taken forthwith to establish machinery for the inspection, control and remuneration of mui tsni in Hongkong had not been carried out.

Dr. Drummond Shiels, the Under-Secretary of State for the Colonies, replied that Mr. Campbell was mistaken in thinking that the instructions had not been carried out,—- Renter.

MR. BALDWIN'S

HISTORIC ADDRESS TO COMMONS.

UNITY OF ALL PARTIES IN BRITAIN.

THE NIGGLING GRUDGING SPIRIT

CONDEMNED.

ATTITUDE CLARIFIED.

MR.

$36 PRIANNUL

BANE BINGLE COPY 18 CENTS

INDIA GESTURE.

FORT

FORT DUNLOP

LOCAL BRANCH.

ARCHITECTS AND BRITISH WAR DEBT

HOUSE IN

KO SHING ST.

THREE VALUATIONS

DIFFER.

WOMAN'S CLAIM AGAINST FRENCH BANK.

a

to

f-

the

CASE ADJOURNED.

Architects displayed ference of opinion as value of No. 6, Ko Shing Street, in the Supreme Court this morn ing, before Mr. Justice Wood, when the mortgage

CHAE WELH resumed. Both Mr. A. S. Mac-

was too high.

POSITION.

RECEIVING MILLION MORE THAN OUTGOING."

DOMINION PAYMENTS.

London, Mar. 12.

The position of Great Britain in regard to War Debts wds outlined in the House of Commons to-day

Bldg.

FRENCH FLIERS

EXPECTED

THIS AFTERNOON.

RAPID GOING FROM KARACHI

ARRIVAL AT HANOI

YESTERDAY, "

ARDUOUS FLIGHT. Considerable surprise was oc-

by Mr. Pethick-Lawrence, the Farcasioned in Hongkong this morn- llamentary Secretary to the Treak by the news that the French aury, in answer to a question on fliers, Burtin and Moenche, were the point of receipts as compared expected to arrive at Kai Tack with outgoings.

nt about one o'clock to-day,

Mr. Pethick-Lawrence said that

The last information until this the amount to be received during morning regarding their where- the financial year from Germany in abouts was received on Wednesday the form of reparations annuities from Karachi, on the extreme and from the north-west of India, stating that was £10,300,000, Allies in respect of debts, the total they, had taken off for Allahabad was £17,700,000.

on the previous morning.

This made a total of £14,000,000

to

same

́R. STANLEY BALDWIN remedied every unfor-

tunate consequence of the so-called. Conservative Kichan, of Messrs. Leigh and against a sum of £33,000,000 which

Very Fast Time. volte-face on India by an explanation given yesterday Orange, and Lieut. Col. L. G. was to be paid during the same Travelling day and night, they made very Cast time to Innol, in the course of an historic speech defining clearly the Bird, of Messrs. Palmer and period to the United States in re-

which they reached last evening. Conservative attitude on the future constitution of India, Turner, disagreed with a valua-spect of British war debts.

No definite Information of their Clark,

The receipts from the Dominions setting out All-India Federation as the main objective, tion given by Mr. Cuar

departure from Hanol for Hong- period amounted pledging an honest attempt to confront the difficulties, saying that his figure of $46,500 Governments during the

kong has yet been received, but £7,632,000, In this action, Mrs. Chu Shuk, which represented the repayment ons was go,

the announcement of their inten- assuring co-operation with the other political parties,

of monies borrowed in England on

specific that there and promising an intention of carrying out that policy No. 121, Calue Road. Is suin 12 behalf of the Dominions and could was a large crowd at Kal Tack

Banque Franco-Chinois for $42 in no niggardly spirit.

Bet-off from 12.30 p.m. onwards in the 000, alleging that they wrongful not be reckoned

undervalue, against the American debt pay- hope of witnessing the arrival. Mention was made of communications between old, nt a grony

They were to have loft at nino o'clock for Hongkong and the members of the Conservative India Committee and the property No. 6. Ko Shing Street menta.--Beuter.

which she mortgaged to them to

flight would in normal circum- hostile section of the Press, which led him to issue the provide Mr. W. M. Pittendrigh banking

stances take about four hours. a12 overdraft recent resolution. Referring to the comments in the with

account. last forty-eight hours, Mr. Baldwin said there had

Mr. Eldon Potter 'K.C.. together been a great deal of excitement about what was really with Mr. H. G. Sheldon, instructed nothing. The statement was liable, he agreed, to mis-by Mr. D. L. Stollett, of Messrs. understanding, but he believed that his explanation G. K. Hall Brutton and Company

would remove all doubts.

is for plaintiff, while Mr. F. C Jenkin, instructed by Mr. H. J.| Armstrong, of Messrs. Deacons, is

Mr. MacKichan's View,

A warm tribute was paid to Lord Irwin. The settlement for defendant. with Mr. Gandhi, said Mr. Baldwin, was such as could not have been achieved by any other Englishman. After many years of suspicion of British motives, he had bridged the gulf by his cbility and strength of character, Mr. Wedgwood Benn con-ed the value of the land at $28 por gratulated the ex-Premier on his speech, which would un-square foot. doubtedly, he said, be received with relief and delight in India.

MISUNDERSTANDINGS REMOVED.

Mr. Jenkin: Mr. Caer Clark gave it as his opinion that it was worth 345 per square foot:-That

gure is very high.

Have you ever heard of property in that locality being worth $45 per square foot-No.

да

I

THE NEW NAVAL AGREEMENT.

new

At two o'clock, they had not.put in an appearance, and it is now presumed that they have boen delayed by reason of fog and freshening adverso winds.

Started 11 Days Ago.

It had been originally planned that the airmen should lonya Lo Bourget on February 27th, but the start was delayed and they did

March 2nd, making for Athens,

SENATE MUST "RATIFY 5-POWER PACT.

Washington, Mar. 12. Several informal conferences regarding the naval agreement Mr. MacKichon said he estimat-reached between Britain, France not set out until 3.05 p.m. an and Italy have been held between their first stop. They planned to the Japanese Ambassador and

fly day and night, in an attempt officials of the State Department.

to beat the record for A flight It is believed that the altitude of from Parls to Tokyo. the Japanese and American Cov-

"Next" news was heard of them ernments on the agreement is very on the 9th instant, when they similar.

renched Aloppo. The fliers were Mr. Castle, the Assistant Secre-severely buffeted in crossing the tary of State, indicated on behalf Gulf of Alexandretta and were Replying to his Lordship, wit-of Mr. Stimsou, that the incorpora. forceti down, owing to a damaged propellor. This, however, WDA London, Mar, 12. the work of the Conference,

tha nesa said that Wing Lok Street tion of the agreement in a The galleries of The House of Conservative Party was not com-and Bonham Strand would be Five-Power Treaty would involve repaired and they then left for

by the Senate,-~ MESNESM:90\QARARD:3|||FUTSIDE INDIEN C2SEMPENATE | Commons were crowded, Lord mitted. Everyone stood un-worth nearer $45, say about $40. ratification

Arrival at Hanoi. Peel and Lord Lloyd heing' oh-leammitted in point of

fact He explained that he would class Reuter's American Service. E. Arnhold, governing director of how or where it bad

On Tuesday last, they were re- Arnhold and Company; Mr. Mau

originated, served in the Peera Gallore and because it was impossible to pro-property in those districts

ported to have left Karachi for indians in the mounce a definite opinion until a being first-class Chinese business

Allahabad, at seven o'clock in the rice Benjamin. well-known Shang- but there was no basis for it in any a number Dominions' hai financier; Kwang-pu

shape or form. Chen,

Gallery, when the indefinite pian bad heen submitted, properties. He would put Ko

morning, and nothing was heard. banker; Wing Po-cheung, manager heen received from the Secretary of right on the Civil Estimates Vole. it

The fact is that no reply has yet portant debate un India began th-1 They must judge how far Shing Street very much lower

of them until to-day when the was possible to Bank of Canton: Chun Blug-him, State to the petition recently for-

achieve down.

French Consul General here Mr. Winston Churchill, at the the Federal idea without sur- Mr. JenkinAre firewood shopa' merchant; Mr. Ellis

received a telegram stating that Mesara. Benjamin and Poli: Afr warded. It is anticipated that the outset, sought a ruling as to the rendering any

of the essential to be found, as a rule, in first-class

the airmen reached Hanol last views of Lord Passfield will be permissible scope of the debate. safeguards.

business localities?--Not as a rule.

evening at 5 c'clock. The message The Speaker ruled that there

He added that despite what What return, do you compute,

added that they would be leaving could be a general debate on thei

Hanol for Hongkong at 9 am, to- administration

-Indi of

haut they might have rond or heard, should be obtained by the pur- the party co-operation which chaser on his investment?-Wo

The Finance Committee of the until Saturday morning,

day, and intended remaining here when eight per cent. hnd existed in England since take a basis

Chamber hag #upled

Amend-they hoped to take off for Shang- mens providing Tor iL Lwa

hai, their next stopping-place. Ber cent. reduction in the War Department and the Ministry of Marine dealing with "Material

The Directors Include 31. P. R. Davey (chairman), manager of E.

D. Sassoon and Company; Mr. C.

Mr.

W. R. McHain; Mr. V. Meyer, learned within a few weeks. President of Andersen, Meyer and Company; Mr. P. W. Massey, of Reins, Massey and Company: Mr. T. G. Weall, of Dodwell's, former-

ly of Hongkong; Mr. N. L. Sparke, manager Shanghot Land Invast- Iment Company, and Mr. J. R. Swan, of Swan, Culbertson and Fritz.

'Initial Capital.

A hundred thousand shares are

authorised..

of

OPERATION ON MR future legislation could not

SNOWDEN.

DECISION OF EMINENT SURGEON.

4

necesanry,

London, Mar. 12.

discussed.

Mr. Baldwin on Co-operation. Mr. Baldwin apened the debate on behalf of the Conservatives declaring that his Party stood exactly where it stood

ลง

CUTS IN FRENCH ESTIMATES.

TO BUDGET FOR SURPLUS INSTEAD OF DEFICIT.

Paris, Mar. 12.

the appointment of the Simon] Evidence us been tendered Commission had not been that this property is worth $42,000. broken, and remained exactly What do you say us to that?-sections of the Estimates for the where it was.

consider that price is too high.

Recently, he said, there has hin been much excitement about speech at Newton Abbot when nathing. he urged the co-operation of all

for

Mr. Cher Clark's Valuation.

Mr. Car Clark has put

the

Basra.

During their flight, the airmen agents. Stessra. Robertson, Wilson are using Castrol oil, the Incal and Co., having been advised to

and Building," and also for the have a supply ready for them on abolition of the reduction of tax their arrival hore,

is on long-term Bourse operations which has beon enforced since last

SEIZURE OF YEN'S PROPERTY,

in be issued to the International The Harley Street surgeon. Sir

It was perfectly obvious that value at $48,5007-I think that Investment Trust Company of John Thompson Walker, to-day

Do you think that that objective was All-India Federn ference the Government must de- China, and two hundred thousand made a lenzthy examination off parties, and said that the mais after the conclusion of the Con-too high.

high April. to the Directors and their friends, Mr. Phillp Snowden, the Chaustion.

eide the next steps for continuing valuation could be justified to any If Parliament votes in favour of the

He recalled the terms of the 1917 its work. It was a simple matter shape or form?-1 cannot see any the amondments, ..the company thus starting with a cellor of the Exchequer, who is

Budget capital of Tis. 5,000,000, a total suffering from cystitis, and de Proclamation reminding members of procedure.

reason for it.

deficit will be transformed into a Tix. 20.000,000 being

cided 10

One suggestion advanced perform a ndinor operation of his Party that it recognised that

Replying to his Lordship, wit-surplus of Francs 21,000,000.-- en Monday next,

the Empire was a living organism. his party's consideration involved

Hess snid they had adopted eight Router. It is expected that the shares

It was at one time feared that It was in a constant process of the sending of delegates to India.

mujor oneration might have evolution. will appear in the quotations ou

Himself, and the

remember. It was an old becn the Shanghai Stock Exchange

four who took Couli The process was being speeded unsuited, including fouleaues 'ho per cent, for more years than he almost immediately."

It is hoped that Mr. Snowden up and few could have foreseen the part in the Round Table Confer-house, he added. will be

of the Cross-examined by Mr. Shelton, able to return to the event a few years ago, to what ice, were unanimously House of Commons after Enster.-. point it would have brought the opinion that it was the business of witness did not agree that the Reuter.

relations of the great Dominions the matter in hand. He told the the price that it would fetch, as The Government of the day to taku|value of property was necessarily with the Mother Country.

Government, and he now told the anything might happen in an open It could not be supposed that in flouse, that the Conservatives market. He know that the pro- this world of evolution India alone were willing at all times, to be perty was bought for $42,000 by a was statle. He declared the Con-consulted. servative Party stood exactly where it did on January 26th when the statement which has not yet CEREMONY AT PALACE THIS Leon challenged was made

MORNING.

Lord Peel

GANDHI AGAIN ON TOUR.

TO MAKE SALT ON THE

ASEASHORE.

Bombay, Mar. 12.

JAPANESE PRINCESS

NAMED.

Honest Attempt.

SAID TO BE WORTH MANY MILLIONS.

Tiontain, Mar. 12. mun who had had previous deal- Differences of Opinion

The Municipal Government und Inga in property, and that the wife Everybody knew there were diff Sang Leo, the building contracthe Civil Affairs Commissioner commission to by forences of opinion in his party on prior to which her husband

tor, advanced $82,000 on mortgage, have formed a

to the pro- Inniake enquirica as this subject. There always had

codure to be adopted in connexion boon. There was a genuine anxie-apected the proporty.

with the decision to seize all' pro- among many of his supporters

Opinion Unaltered.

perty belonging to Marshal You Hal-ahan in Chihli Province, In clading Peking and Tientsin.

EXCESSIVE SUEZ CANAL DUES.

SHIPMASTERS SUPPORT MERCHANT PROTEST,

London, Mar. 12. The Council of the Mercantile Marine Service Association (the sonfor representative body of British shipmasters and officers) have addressed a letter to Mr. Ramsay MacDonald supporting the resolution of Manchester shipping merchants as regards the dues charged by the Suez Canal Com- pany-Reuter.

RAW STEEL CARTEL'S DECISION.

لية

RESTRICTION OF OUTPUT TO CONTINUE,

A message from Borsad, in the Bombay Presidency, says that at

Tokyo, Mar. 13, the exact hour at which Gandhi a

In accordance with ancient

He had endorsed that declaration us to whether at this moment dele- year ago to-day started on his Court rites, the naming ceremony at Newton Abbot. famous salt march, the Mahatma in connexion with the newborn

gates who had been at the London After agreeing that, a man like left this morning, accompanied by imperial child was carried out at ever, was only a framework. The He felt it only fair to relieve them ledge of the value of property, ferred this morning on this does

What they had at present, how-Conforonce were going to India. Sang Leo should have some know-

The Tientsin Kuomintang cón:: Vallabhai Patel, on a tour of the the Palace this morning., details had not been filled in and that anxiety and acquaint witness said the fact that he tion, when it was revealed that Raw Steals Kaira district.

The Infant Princess was named many of them would present serious chem with his opinion.

permitted his wife to advance marshal: Yen bad, invested exten- deci Gandhi is on his way to Dandi, Atauko Yorinomiya, which is difficultion. where, on the shore of the Indian roughly translatable as "the Frin. Apart from

When he was asked on Monday] that" amount of money did not Ocean, he proposes once-more-tocess of honesty and obedience, honest attempt to confront thees, thentic statement going out after degred

Pledge of an if he had any objection to an su- alter his opinion in the slightest sively in foreign banks, and 1941

his property is estimated to be *** make salt on Saturday--Reuter. -Reuter.

difficulties and thus to carry, on (Continued on Page 1)(Continued

Me several million dollars on Page

to canti