1931-05-14 — Page 2

THE

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and

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HOTELS

LIMITED.

In association with the Grand Hotel Des Wagons Lits, Poking.

KOWLOON HOTEL

KOWLOON.

UNDER THE PERSONAL SUPERVISION

AND ATTENTION OF_

H. J. WHITE.

Phone No. 5EOUS.

Cable KoWLOTEL'

Hongkong.

THE HONGKONG TELEGRAPH, THURSDAY, MAY 14, 1931.

UNEQUAL TREATIES.

NO LONGER RECOGNISED BY CHINA.

Nanking. May 13. -

The People's Convention to-day enthusiastically and unanimously adopted a manifesto for issue! declaring that all unequal trenties are no longer recognised.

GRAVE INCIDENTS

IN SPAIN.

OUTRAGES OCCUR CLOSE TO GIBRALTAR.

PALACE ROBBED.

Madrid, May 12

WORLD

ECONOMICS.

THE MAINTAINING OF PRICE LEVELS.

London, May 13

n1

Two interesting views on the world economie crisis and the methods of remedying trade depros- slon, were expressed yesterday different functions in London. Lord D'Abernon, former basender and an expert on interna- The members of religions com-Honal finance, was une speaker, many places in the and Professor Sprague, the adds provinces are leaving their con-economie adviser to the Bank of

England, was the other. vents and monasteries, fearing continuance of attacks on them.

The manifesto says it had bom Powers would hoped that the abrogate them themselves, having repeatedly expressed sympathymunities in with China's desires, and that the abolition of these trea ties is essential to China's develop mont, alan that they are obsolete conditions of this country--Rew and not compatible with present

fer.

. Blamed for Economic Hils.

Nanking, May 19.

The National Convention this

morning held its fifth session

when the Nanking officials re solved to repudiate all secret Sino-foreign alliances and all 90- ralled unequin} treaties.

a

A long declaration submitted to the Convention denouncing the evils of unequal treaties says that for over eighty years China has been Urbana? victim of secret and treaties, through which

she has suffered an unprecedented economie retback. The great European war awakened the Nationalist spirit of the Chinese, and in consequence the

Further details of the dlstur-

show that martial law was declared bances in the provinces yesterday

in Murcia, where twoj conventa and the ofice of the Catholic news paper Verity were set on fire.

The explosion, of a bomb cx- Carmelite fensively damaged the monastery in Granada.

Only two casualties are reported as a result of the rioting in the provinces. A child was killed by rille shot during the attack on

Morton's Cocoa

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Lord D'Abernon maintained that the

present conditions were mainly,

This fall had been brought about though not entirely, due to the fall in the price of staple commodities, by the scarcity of means of ment. The position could be corrected by combined action bo tween the Contral Banks of the gold-using countries, provided those Central Banks came to an under- standing on a joint pulicy, and that they took as their objective the re- storation of stability to a standard of value.

The price level at which the

a convent in Alicante, and the standard of value should be stabilis rector of the Jesuit college wased was a matter for discussion, but seriously injured when he jumped it must be consistent with ultimate from a window to make his escape, stability and such na would permit

the maintenance of

and Wages Trouble in Andalush.

salaries approximately at their pre- rent rate. It must also be such as would render possible to the debtor nations the punctual execution of their contractual engagements.

Later.

The trouble contintes An

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denuncement of those treaties on

its

Erasures.

Hitherto three people have been kiled and eight injured in rioting at Cordova.

Another View,

the

of the princidal movements atsar

Professor Sprague, on the other A kreat people. It has been

hand, pointed out that no agreement disappointment to the Ruomintang,

existed elther on the cause of, or National Government and

the remedy for, depression. Some! the Powers should Alleged Plotting by Monks, Chinese that

Kreat reaple prescribed that the deliberately pasipone negotiations

Central Banks should plug Later. for the cancellation of extrality, -

market with a great ammont of which will wtimately lead to the

Martial law has been devlured at additional credit and curreury, revision of Sing-foreign treaties Granada. It is now stated that None of the Central Banks, how- Continuation of onepal treaties four have len killed and 10 wound- ever, helleved that this was an ap- hinders economic and political deed at Cordova, where the rioterspropriate remedy, velopament now that Nanking has booted a gun, merchant's shop and effected unification of the country, the police had grent difficulty and the Nationalist leaders a toring order.

incerely considering launching A vigmatic programme of -reconstruc- tion and political reorganisation for the general good of China and her friendly neighbours,

China regards the existence of extrality us an obstacle to the full develophient of the country and a disgrnee La Che integrity and sovereign rights of the nation.

The Government much regreta that the Powers have not been able; to give due attention to an address made by the Chinese Minister to Washington. Mr. C. C. Wa, who enlled the attention of the foreign countries to the existence of these antiquated trenties, at the League of Nations.

The declaration mentions that the Powers often rely on the pretext that China's maladministration and political chuos in the provinces have rendered it impossible to cancel these treaties, but declares that it is obvious to all that political dis Hurbances inside China are affairs which concern mainly the Chinese and should have no connexion with extrality or treaties.

All responsible people connected in with banks were disposed to think that fall in prices was a symptom, and not a condition that could be It is alleged that arms and am-attacked directly. They observed munition were discovered in that although the prices lud tended nonasteries in Valencia, also docu-Cownwards, the movement of prices ments showing that the monks were had been very uneven. For prices to rise, there must be satisfactory plotting against the republie,

Lorrowings from banks, and in the Cardinal Segura, whose resignabanker's judgment that would not tion is being demanded, is reported appen until a better equilibrium of

to have fled from Toledo in a motor-car escorted by police,

The Minister of Finance, Senor Prieto, explains that the stock ex; change has been closed because n well-known financler was trying to cause a collapse with a view to res- toration of the monarchy.

Valencia in State of Siege,

Madrid, later.

A state of siege has been pro- nimed at Valencia. following attacks. on several religious establishments during the night.

The death roll at Cordova is now five.

Royal Palace Robbed.

The Bourbons" "royal sunumer palace at Santander is reported fast to have been broken into

The case of abolition of likin is cited as a great sacrifice which the night by some unknown persons, Government has made to meet the who stole a large quantity 01 demand of foreign traders who devaluables, including several of sired to see the discontinuation of Alfonso's gold and silver yachting irregular taxes.-Renska.

trophies.

ELMI AR DU T

AUSTRALIAN DEFAULT

THREATENED,

.COMMONWEALTH BANK BILL REJECTED BY SENATE.

Canberra, May 13.

are

being L

Strict precautions taken t the 'colvents | Guadalajara, which, it has been discovered, the Communists were planning to attack.

Anti-Church Violence Grows,

Gibraltar, May 13. Violent anti-clerical rioting has occurred in towns across the lines. Rowdies at Algeciras, San Roque by Communists and Lalinea, led who arrived front Malaga In lorries, attacked the churches, profuming [The purpose of the Bank Bill the altars and throwing down the was to enable the Government images, dragging them through draw on the Commonwealth Bank's the streets with ropes round the gold reserve for overseas debt pay-necks.

The Senate by a vole of 21 to 4 has rejected the Commonwealth Bank Bill-Reuter.

The

rinters

and

burned

also stopped Curs conveying

ments, The Ilouse of presenta- tives adopted the Bill on April 28. Mr. Seullin obtained their MenÍ: after an impassioned speech de refugees to Gibraltar, and maltreat- claring that unless gold was sented and robbed the occupants. to London Immediately, Australia The hotels here are full of panic. would default on Treasury Bills. stricken refugecs.--Reuter,

prives was reached, and a better distribution of labour and expital than now existed.-British Wire-

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