1931-03-25 — Page 1

JA

PRƐPATE

Host, Ltd. bgkong.

The

Library, Supreme

Hongkong Telegraph.

C. E. WARREN & CO, LTD.

*** = WAZ⭑## WEDNESDAY, MARCH 25, 1931.

43 253

日七初月二

1938 PARANNU

MIKOLK COP TH

LOCAL BRANCH.

Peddar

A GOLD STANDARD SHANGHAI'S Liberal Party CABINET RANK British Budget TIENTSIN'S

FOR COLONY.

MR. EZECHIEL'S SPEECH AT KUALA LUMPUR.

CURRENCY STABILITY HELD TO BE PRIME NECESSITY.

DELICATE PROBLEMS.

(FROM OUR OWN CORRESPONDENT).

r

THE MOST desirable character of a currency is its THE

stability, said Mr. P. H. Ezechiel, a member of the Currency Mission appointed by the Colonial Office to enquire into Hongkong's currency problems, in the course of a speech at Kuala Lumpur yesterday, a special report of which has been obtained by the "Telegraph" from our Singapore correspondent.

The remark is assumed to indicate a predisposition on the part of the Mission to advocate the placing of the Colony's currency on a gold standard, and pro- bability of the closest possible examination of this solu- tion of our problems as its main task.

SALARY RETRENCHMENT.

THE COMMISSION'S PROPOSALS.

CHINESE FAVOURED FOR NEW POSTS.

LEAVE REDUCED.

Decision.

Declaration Coming

To-morrow.

FOR MR. TOM JOHNSTON.

APPOINTED LORD PRIVY SEAL.

STRICT SECRECY. ONE OF SOUNDEST MEN

IN THE PARTY.

CHINA

London, Mar. 24.

Revelation.

No Revenue Tariffs Contemplated.

LUCK. IN ́· IRISH SWEEP.

CASH PRIZES AND

A FAVOURITE.

BLANK REFUSAL. FOURTEEN STARTERS

At

FOR LONDON.

LAW OUTWITTED.

..

London, Mar. 24. - With over a million pounds sterling to be issued in prizes, the draw for the Irish Hospitals Sweepstake on the Grand National has supplant- ed all else in interest in the newspapers to-night. The sweep is the biggest in his- tory. The first prize amounts to £345,544, the second to £177,272 and the third to £118,181.

No form of pact. is to be ar-

London, Mar. 24. ranged between the Liberal

That Mr. Snowden's fiscal ideas Party and the Government, but SCOTTISH LEADER.

have undergone no change was the Liberals promise to give the

made very clear in the Commons to Government their general sup-

London, Mar. 24.

day when the Parliamentary Secre port, conditional Apon the Gov- (Our Own Correspondent).

The vacant seat in the Cabi-recommend to the Government that tary for the Treasury refused to ernment pursuing a number of net caused by the sudden death a Cabinet Committee be established specified lines of policy which of the Rt. Hon. Vernon Hart-to make an immediato inquiry into Shanghai, Mar. 25. the Liberals regard as essential shorn, is to be filled by Mr. Tom the possibility of adopting in Bri- Employees of the Shanghai at the present time.

Johnston, the well-known Scot-

tain revenue producing tariffs, Municipal Council and the public This decision was reached last tish Labour leader, an official which recently have been the sub- generally are awaiting with the night after the

Parliamentary announcement being fade to-economista.

ject of much discussion among liveliest interest the publication Liberal Party had discussed the night to the effect that he has of a discursive edition of the

The President of the Board of been appointed Lord Privy Seal. Trade, Mr. Graham, replying to a Report, which has been promised Municipal Salaries Commission's 200MA ITAINER MENENEZIARKIVAIONAKUSTING

Mr. Johnston is at present Par-question concerning the tariff truce for to-morrow.

iamentary Under-Secretary for and the recent conference ADED Scotland, a comparatively unim-Genova, said he had repeatedly em-

portant post, though he is FROM TIBET,

re-phasised that he always regarded cognised as one of the soundest the commercial convention not as an men in the party and in some quar-end in itself but as affording an op-ingly lucky in the draw, no fewer ters has been spoken of as the portunity for further negotiations than fourteen starters being natural successor to Mr. Ramsay

with

vlow to securing reductions MacDonald as the fender of La-In European customs tariffs. These held by residents of the Great bour.

negotiations would continue. The Metropolis, though the favourite, He first came into prominence difficulties but still bellevod a down. ham.

Government did not minimise the Easter Hero, has gone to Dur- in the House of Commons in con-ward move in tariffs to be desirable nexion with the controversy over and would continue

An Italian coffee-shop owner at the Sudan Plantation Syndicate.

to do every Battersea (who signed himself thing possible to accomplish that. Isola, Battersea) has the third Asked which Governments had favourite. Grakic, though all his continued to raise their tariffs after forly relatives have a share in the It was he also whs in May, 1928, approving the recommendations of ticket. took up the case of Miss Savidge the 1927 Economic Conference to and by his sensational revelations the effect that world economic deve in the House regarding the Jopment was being retarded by methods alleged to have been em- tariff walls, Mr. Graham replied

Your correspondent learns that the Report is being issued

in the form of a Gazette.

It is understood that the Re- port grades the scales of pay of the whole stuff now in operation and provides for entire new con

itions of service which are to some effective as from the First

of April.

Mir. Fessenden's Job. 'Mr. Stirling Fessenden (now titled the Director-General) is de- He spoke of Hongkong's dependence on trade with China,finitely appointed Secretary-Gen- and referred to the fact that Hongkong's paper money has feral, though the title of Secretary usually been at a premium over silver. This suggestion appears remains. The name of the person to be derived from the Report of the local Currency Commision, to all the position. tvacated by as the condition has not existed for some months past.

Mr. Edwards who is suing the Council for wrongful dismissal claiming £5,000) is not announced. The most important part of the Report, however, concerny the

Billing vacancies in the staff.

MR. CLAUSON AND COLONIAL OFFICE. future policy of the Council in

Singapore. Mar. 25.

Colony's Resources.

a certain amount of ship-building;

Jsionally by as much as twenty

One of Problems,

Chinese Preferred.

Chinese cadets are to be ap pointed for training as assistant engineers, health Inspectors, ind sub-officers of the fire brigade.

There are to be no foreign en-

Пан

is claimed, will ultimately result The reorganisation proposals, it by an annual saving of more than Tlx.200,000.

SERIOUS FIGHTING GOING ON.

就

APPEAL TO NANKING.

Nanking, Mar. 25.

It is officially reported from Haikang Privince that serious fighting is going on between the Provincial Mili- tia and inviding troops from Tibet.

Haikang officials have ap- pealed to the Central Gov- ornment to take immediate action, stating that the Szechuanese troops are not helping to repel the invaders as they have not received orders.

Was

Hsikang

formerly known as the Western Mar- ches of Szechuan.-Reuter":

There will be no pact or alliance, and the independence of the Liberal Party will be stroaner).

The Savidge Cage.

Londoners have been exceed-

Grocer's Hopes.

A grocer at Tulse Hill has drawn ployed by the polles in examining that since the conference tariff in the much-fancied Mellcray's Belle, her as to the Hyde Park episode creases of substantial importance batting, but which took

which not very strong in the secured an official enquiry.

had been introduced by Austria,

second

These were among a number of Bulgaria, Chile, Czecho-slovakia, place Inst year, being pipped on very important questions which Finland, France, Germany, he has put before the ouse gary, Italy, Porsin, Poland and

Hun- the post by Shaungoilin. of Commons since he was first Portugal.-British Wireless, elected for West Stirlingshire In 1922.

Defeated by Captain Fanshawe in 1924, he returned to the Com- mona as member for Dundee after the death of Mr. E. D. Morel, and be returned to West Stirlingshire in. 1929.to oust-Captain-Fanshawe from the constituency.

Only 48 Years of Age.

The new member of the Cabinet,

ROYALISTS WELCOME KING ALFONSO.

STUDENT RIOTERS STAGE-A- DEMONSTRATION,

Madrid, Mar. 24.

on his return

An Italian boot-repairer st Islington, the father, of eleven children, has drawn Oxclose.

Sam Goldstein, a shoe mano- possessor of the Heartburn ticket. facturor at Hackney,

the

A young hospital nurse in Lon- don drew Ballyhanwood.

Favourite Held By Miner, Many people living in the pro- Vincen in England also drew prizes, despite the world-wide nature of the subscriptions.

The holder of the Easter Hero "Lanofale" being the nom-

Tientsin's Prizes,

The speech which led the Singa-Jeeuts. pare Free Presa to suggest that the Hongkong Currency Commission.. whatever else it does, will recom

Ás regards this alignment with mend the adoption of a cold stan silver and its departure in prae-gagements for new appointments, ARE FONEMERESOON FORESANUMATOMANNESM dard for Hongkong, was made by ice fram that alignment, the trade and no foreign engagements to fill Mr. P. I. Ezechiel at Kusia Lun- Hongkong has been greatly existing vacancies, until the Staff pur, in an address

to the local suffering.

Committee of

recent incident in the the Council

Commons Rotary Club.

That trouble in one of the pro- satisfied itself that

(when the University Sent vote Chinese ap- Mr. Ezechiel said that the ques-blems we have to study and try to plicants for the positions are not

King Alfoneo, was lost) for five and a half hours. who is only 48 years of age and from London, was lustily cheered tion which the allssion hud to in-devise methods of remedy,

suitable.

By thirty-three votes to seven-is rapidly becoming a dominating by a crowd of young Monarchists ticket is a Durham Colliery weigh- vestigate was highly difficult and! Mr. G. I. M. Clauson, who is the The Standing Orders relating to teen a general form of declaration figure in the Labour movement, as he drove to the Palace with the man delicnte.

Secretary to the Mission, also ad-Council Committees and Commis-of the attitude which the Liberals was born at Kirkintilloch, Dum Queen and members of the Royal de-plume of Mr. Bob Berkley, who dressed the Club, giving an assursions are revised, and also the propose to adopt toward the Gov-bartonshire, and was educated at Family. ance that members of the Colonial Orders regarding the duties and ernment in the Commons was de- Lairdisdale Public School, Lenzie

is fifty-eight years of age and a Office try to understand the pro-authority of heads of departments, cided upon.

There was, however, an anti-bachelor. When congratulated on Anuxamination of the resources blems of the Colonies and Protec

Academy and Glasgow University. Royallst demonstration, a number his good fortune by a pressman. of the Colony revealed that Hong-torates, to see their point of view. kong did not produce much, except and to help them.

After a short period of business of abdical students from the Uni-he said: "Win or lose, i shall con- training he went into journalism versity being wounded by shots tinue at work." and in 1907 founded the Scottish fired by the police. Terms Confidential.

Forward, a very vigorous and The police action was taken for lively Labour weekly which he the purpose of quelling a riot in The meeting decided to treat

still edits.

which the students burned benches, the terms of the declaration 38

During the war the Forward, chairs and pictures and dislocated confidential until Mr. Lloyd George having printed a full report of a the traffic-Reuter. discloses them at a meeting of the debate between Lloyd George and Liberal Candidates' Association on by the Government which ordered David Kirkwood was suppressed Thursday.

The minority voting against the but when the ban was lifted, the house-to-house search for copies, declaration included Sir John paper increased its circulation by Simon who left before the end of 10,000 a week in spite of the fact the meeting.

Owing to the accrecy regarding liquor advertisements.

that it has no racing tips or

MARRIED HONGKONG the terms of the declaration it is impossible to forecast whether it

GOVERNOR'S DAUGHTER. will materially affect the political

London, Mar. 24. situation, but it seems significant Mr. Johnston is a strong tem The death occurred this morn that Sir Archibald Sinclair with-perance advocate and it was ing of Sir Aubrey Vero Symonds, CRACKED ICE USED INSTEAD draw his resignation and was the Scottish I.L.P. adopted a Pro- Board of Education since 1925, at largely due to hla influenes that K.C.B., Permanent Secretary to the OF CHAMPAGNE.

elected us the Party's 'Chief Whip. -Reuter.

+

and repairing, while its industries; Air. Clauson and Government. were unimportant in comparison with the volume of trade which it handled ever year.

The importance

Conditions of Service.

In future, the payment of licence fees by employees of the Council will be Insisted upon, just the same

"We, at the Colonial Office, have our own difficulties. Our mastera came in with the hope of staying for of Hongkong five years to put the world right. It Was its position BN un inter- has been our duty to tell them as members of the public. mediary between foreign countries that that period is rather short for and China, which was the only in the purpose, but we do like them granted in future, and the leave to portant silver currency country to come round to see that poor foreign employees is reduced from left in the world, while practically weak men, probably poorer than eight months to seven months. the whole of the rest of the world themselves, are trying to da their was left on a gold basis,

Stability Desirable.

"I think," he said. "that every- body will agree that the most de sirable character of a currency in its stability."

lient."

Form of Blackmail.

"When," he went on, "you come to the question of currency, the. Civil Service has a double tradi- tional discretion because currency

He spoke of stability in con- is commonly regarded as ʼn form nexion with purchasing power at of bluckmuli. home and stability in foreign ox-

+

were at

changes for trade purposes,

China and Hongkong present the only important coun-

tries left on a silver basis,

und

silver has been working very queer.

"If you produce some form of solution, the public will say: "We could have thought of that for ourselves and that was probably very true."

No childrens! bonuses are to be

CHRISTENING OF THE NAUTILUS.

New York, Mar. 24. Cracked ice, symbolicul of the frozen North was used by Lady Wilkins and Jenn Jules Verne when they jointly christened the submarine Nautilus in which Sir Hubert Wilkins is to attempt to When the Commission had con- reach the North Pole. This had seriously affected the cluded. Its labours in', Hongkong Sir Habort declined to use power of China to import goods and had produced some form of champagne, out of respect for the and that, in turn, had seriously solution, he hoped that the public Prohibition Law.-Router's Ameri- affected Hongkong business. would refrain from the obvious can Service.

comment.

ty in recent years.

Note Premium.

He added that the depreciation in the price of aliver was not the only thing from which Hongkong businces was.suffering.. Ho point- ed out that Chinn's currency was based upon silver and Hongkong's theoretically so in that the unlimited legal tender was the sil var dollar, the Mexican dollar and| the English! Trade Dollar which was hardly ever seen to-day.

The

CHICAGO WHEAT

PRICES.

RATES SHOW DOWNWARD TENDENCY.

EXECUTIONS AT LAHORE.

NERVOUSNESS IN THE BOMBAY MARKET.

Bombay, Mar 24 A fear that the Lahors execu tions will adversely affect the de cision of the All-India Congress, has caused nervousness and unt

Chicago, Mar. 24. June wheat prices broke twelve cente, closing ten gente down at 67 consequence was that the cents per bushel exchange value of Hongkong curly, pricom finished 24% atid certainty thre rency had been on an artificial September prices 1.7/8 lower wille Although the cotton mai paper baals and instead of being at the rates for March, May, and Tulosed, business 143 bean trak pace with liver, had usually been bruery next loved line changes and poll Fre

PROPOSED LOAN TO SPAIN.

BANKER OF THREE NATIONS MAY PARTICIPATE.

.

Now York, Mar. 24.

loch

Temperance Reformer.

DEATH OF SIR' AUBREY SYMONDS.

Sir Lindsay, which 'obtained third place in the race a year ago, has been drawn by Mrs. A. Morris, of Tolatie House, Tientsin. The horne is considered to have an excellent chanec, boing, second favourite.

Tientsin has also been lucky in the draw for the cash prizes, awarded as 'consolation to those. who falled to draw starters.

Mr. J. E. Coake, of Mosarą. William Forbes and Company. Tientsin, has won a cash prize of £1,181, and Mr. T, F. Chun Teeng-"- and Company, Tientsin, has also hsi, c/o Messrs, Jardine. Matheson drawn a cash prize of £1,181..

Ireland Unlucky.

polley. He served hin the age of 57 years. aunrenticeship for Parliament by Ho was educated at Bedford Five cash prizes and four horses years service on the Kirkintil School and University College, Ox- have gone to South Africa, which

Town Council,

to the Initiating ford, and 1919 to 1926 was Second subscribed liberally many schemes, among them the Secretary of the Ministry of aweep, but Ireland (apart from the

municipal bank Scotland.

| hospitals, which will ressive allot- Thanks to his efforts the finances

ho In 1926,

married Alice, 488,990) has been unlucky. The

ments from a

a total contribution of of the burgh were steadily Im- daughter of the late Bir Georgenly one of the best known horses William das Voeux, G.C.M.G., D

was also for a time a

proved....

He ber of the local school board and British Wireless,

a mem- former Governor of Hongkong drawn by Ireland fell to Ellen, Pad- of the Dumbartonshire education authority.

He has written a "History of J. P. Morgan's are negotiating the Working Classes in Scotland" with the Spanish Government for a which has had a wide circulation credit of G$80,000,000, in which it and book on "Our Noblo is expected that British and French Families."Reuter and I.B.S. bankers will participate.

The negotiations, are still in the formative stages,—Reuter's Ameri- cath Service.

THE PRINCES, TOUR

HOME FOOTBALL.

GRIMSBY SAFE FROM

*"RELEGATIO)

NEW YORK TO BE. INVESTIGATED.

STATE SENATE DECIDES UPON ACTION.

Albany, NY Mar, 24. Following the publication of the City Affairs Committee making charges of incorripetence : agains the Mayor of New York City, James Walkor, the Senate of York: State has passed BM

dy and Mrs. Mooney, County Hero

· London's hack is attributed to the fact that despite the legal restric tions more tickets were, sold; in London than anywhere else.*****

Sharingollin, which won t thá last

year, has been drawn bys Humphries, Birmingham, Letik Commander. Cumberbatch Bata. Revenge, has drawn Richmond ILX The race la to be run at Aintre on Friday. stor

CHILE