1931-06-22 — Page 1

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Beauty

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Latest

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C. E. WARREN & CO., LTD.

China Bulldog.

Dollar on Defi Lighting-up, Ti

11d. 17.10.p.m.

High Water:-13.25, + Low Wateri—21.10.

Hongkong Telegraph.

Tal. 10269

FOUNDED 7881 NO, 23,125

CHINA CURRENCY MISSION.

Foreign Experts to Assist.

NANKING HOPING|

TO GO GOLD.

Coin Unification.

(Our Own Correspondant.)

Are

Shanghai, June 22. Preparations

under way in Nanking for the or- ganisation of в National Currency Commission with the object of making

A

thorough study of the prob-

-## #=#HA*#* MONDAY, JUNE 22, 1931,

日七初月五

TO CAR OWNERS

Use RUBBER Matting for the Floor and Running Boards of your Car;

Washable,- Durable,-

More economicat' than,

Carpet or Linoleum,---

NEATER and CLEANER.

Quotations front:

Telephone 24554.

SINGLE COPY 10 DESTA

Dunlop Rubbor Co. (China) Ltd. Pedder Bldg.

FER ANNCH

PRESIDENT HOOVER'S MORATORIUM OFFER.

CORDIAL BRITISH WELCOME.

PRAISE BY ÉVERY NEWSPAPER.

BRIGHTER TONE ON

EXCHANGES.

BOLD INITIATIVE.

London, June 22,

It can safely be predicted that the first effect of President Hoo- ver's proposals in the City of, London will be considerable increase in activity in the more speculative sections on the Stock Exchange, where a brighter tone ¡may be expected immediately in full sections.

There is a general belief that the moratorium is the one thing. needed to give R start to f

lem of unifying China's trial recovery.

currency.

31acDonald'

i

1 Both Mr. Ramsay jand Mr. Phillp Snowden declined:

It is believed that this step is it make a statement regard ́e being taken as the result of re-the moratorium yesterday, but it' peated advice by experts, who is expected that the Prime Miniee point out that unification mustter will make a statement in theị precede the adoption of a gold House of Commons to-day", standard.

Foreign experts are being invit. ed to assist in the study, it is un- derstood.

Uniform Coinage.

The British newspapers, or alt shades of opinion, cordially wel leom. President Hoover's offe

The first measure will be the elimination of the variety of coins and other unhe of monetary vir.. euiation throughout the entry in order that within a reasonable and

eain will be ijs tine a uniform

circulation,

In order to replace the miserl

Best News Since Armistice.

The News-Chronicle declares it toi the the most important event forį, Europe since the Armistice.

The Daily Herald says that. Prosi- Hoover deserves gratitude high praise. - A year's suspen. | is not a final solution of afl problems, but it gives a breathing-

The

from the

IN THE VERY NICK OF TIME.

GREAT SIGH OF RELIEF IN GERMANY.

SATISFACTION EVERYWHERE BUT

FRANCE AND BELGIUM.

RESTORATION OF FAITH.

AMERICA'S OFFER to postpone for a year all

STARTLING

FORMULA FOR

C.E.R. SALE.

All Soviet Goods to be Duty Free.

AN INSPIRATION.

Soviet Russia and China have discovered a formula for the sale of the Soviet in- terest in the Chinese Eastern Railway to the Chinese Gov- ernment, and details of the transaction are

being worked out in Moscow, ac- cording to reliable Peking

sources.

now

IMPORTANT H.K. ARREST.

COUP FOR FRENCH GOVERNMENT.

ANNAMITE LEADER IN CUSTODY.

POLICE RETICENT.

JARDINE SALARIES DISPUTE.

Joint Meeting of Guilds.

MEN OFFER TO COMPROMISE.

In the salaries dispute be tween the Indo-China Steam Navigation Co. and its European floating staff, the China Const Nguyen Ai Quoc, the supreme Guilds, on behalf, of the latter, leader of the Annamite revolu-are to-day submitting to the Įtionists, has been arrested in Company certain compromise Hongkong. His arrest con-proposals which were unani- stitutes a big political roup for mously endorsed at a combined meeting of the Guilds in Hong- the French administration of kong on Saturday afternoon. Indo-China, inasmuch as Nguyen This information was given to has been the object of consider- a Felegraph representative who able attention for many years, called on Capt. T. T. Laurenson, and French political agents all the Guilds, this morning.

D.S.C., the branch Secretary of over China had been striving to

Shanghai Resolution. bring about his apprehension.

accomplished man. The nature of the proposals

The transaction does not involve languages,

Nguyen.

surnamed ronson stated that they were in "The Patriot" by Frenchmen and accordance with resolution Germany, which has the most to gain, is naturally any cash whatever.

Annamites, was a close associate which had been passed by the Briefly, Soviet Russia propose of the late Dr. Sun Yat-sen. Guilds In Shanghai and which the most pleased. The offer; it is said, has come in the nick of time to avert a financial disaster in Germany Manchurian railway for

Ho dispose of her interests in the Espousing the cause of Annamite embodied the views of every mem-

he a fixed nationalism,

A fearless ber of the Guilda employed on which would have had a serious effect all the world over. Hum, which has not yet been deter-speaker and writer, the author of Indo-China Company steamers. France and Belgium have not made their attitude nitned. The Soviet wants 4uola large number of books written The text of this resolution was re- in many languages on conditions ceived by mail from Shanghai on officially clear, but German opinion is that France can-illion Gold roubles, but

Indo-China, and an ardent Saturday morning, and at the But supporter of constitutional not refuse to agree to fall in line with America's gener-Chinese desire to pay less,

re- combined Guild meeting held in the amount is not especially in

Hongkong on Saturday, unani:nous ous gesture.

[portant in this transurtion.

endorsement was recorded.

payments on debts to the American Government

The formula is unexpectedly conditional upon a like postponement of debt and satisfactory both to China and reparation payments in Europe, has caused a sensation Soviet Russia, and it is believed in Europe, where it has been received with expressions here that the sale will be un- A most of gratification everywhere except in France andinounced within a few weeks. speaking half-a-dozen European were not disclosed, but Capt Lau-

Belgium.

SOME RELIEF FOR BRITAIN?

New York, June 21.

11

Curtius's Statement,

The Foreign Minister,

the

form.

It will be recalled that at the recent annual meeting of the Indo-China Company the nature of

Mainspring of Movement. Duties on Russian Goods,

Over a decade ago, he made his The formula stipulates that was not of the country and lamme China shall pay for the railway in diately came into contact with the Hon. Mr. J. J. Paterson, presiding, the dispute whs outlined by the duties on Russian gonds imported late Dr. Sun. The association was-

Request to Company. ·

Daily Telegraph remarks inneous units, it is possible that but this bold inituive may prove!

into Chinese territory. In other productive of the subsequent wave who stated that the Company had some entirely new monetary unit hes of historic signifienice.

words, all Soviet goods imported of nationalism, of which Nguyen intimated that on and after April will be drebled upon, and that its |

into Ching shall be admitted with-is sait to be the mainspring, which 1st, this year, salaries would be The Morning Post says: ******

A blue cual, no waistroat, a unforced in various moratorium offers immediate ibie craval and a pair of white Curtius, issued a statemeni

Dr.it use will

and the duties sprend payment,

throughout Indo-China, paid in full in Hongkong dallars Provinces.

last churred against the sale price of leading to ody temporary relief

the many regrettable on the basis of 1s. 6d. exchange. a millstone canvas shoes, was the informal night announcing that the Ger-the Chinese Eastern.

incidents of the last two years.

Asked this morning the altitudo. Meanwhile, it is estimated: burden hanging ilke

in which President mun Cavernment had alreatly notiti- This agreement, if it is com- | A firm believer in the axiom that of the Gulls on this proposal, that over a million dollars worth round the nork of the world, attire

appeared before et the Government of the United pleted, will probably arouse pre- the pen is mightier than the sword, Capt, Laurenson said they were of new Customs gold antes have which is already sunk degi in the Hoover

States of its grateful acceptance of tests from the principal trading Nguyen has sought to bring the

definitely against it. large gathering of newspaper; the offer. gemonie depression. been issued.

nations, pirticularly Japan, men yesterday.

But cause of Annamite nationalism by The moratorium is of more in its investors believe the formula constitutional means before such ilo read what

Tortance to Germany than to ang is airtight, and that protests will authorities as the League of Na Capt. Laurenson added that at has been tly.

futher Power as Germany will ineffective. I will have the tions.

Not finding his efforts very receive under the scheme lovia-effect admitting

successful in that direction, he tion

.amonating

about goods into China duty free for an turned his attention to the develop

indefinite

Hut Powers ment of Chinese polities with period. with most-lavoured-nation clauses

view to finding therein an oppor- in their treaties with Ching cannot tuulty for furthering his cause. effectually protest, it is believed, because the duty will not be re- mitted but charged against the Chinese Eastern sule price.

Also, there have been in recent... weeks several shipments of gold; bars to the United States, all con- signed by the Central Bank of China,

A Splendid Thing. The Daily Mad says it is aj gesture of the greatest generosity. The mere fact that it has been stribed as "the made will help to restore conmost hopeful Sdence

shaken statement made in and hope This

of gold from movement

Europe. China to Amerien has given rise

by any ruler in Le considerable speculation"

The Daily Express says that the past de- whether it is the intention of the President Hoover has done a splen-cade." Nanking Government to inaugurate did thing for Germany and. for the The statement a new currency system with a gold United States and hereby automatis created deposit in the world's largest gold-cally done a good deed for the rest tremendous s07- holding country.

as to

of the world..

Herbert Hoover

tu

£75,000,000!

Dr. Curtius pointed out that possibilities or a revision of the Young Plan would not be affected by the moratorium.

French Sverifice Asked,

Ceased to Earn Money.

Soviet

Kuomintang Member.

EL

this stage he could not disclosed the nature of the compromise proposal favoured by the Guilds as a settlement of the dispute, but he stated that the Company were being requested to reconsider the whole matter on the basis of this proposal.

Asked if there was any likeli hood of a strike, Capt. Lauren- Hon. replied: "I hope not; that Is the last thing which the Guilds desire."

He was a prominent speaker at the Pan-Asiatic Congress of Asia- tic peoples at Canton In 1925, and During the past two years, the as an honorary member of the Chin-

Eastern railway

lusese Kuomintang he had appeared at

The result of Saturday's meet- to

The sessional meetings at which being has been cabled to the Hand money,

Dr. Curtius also assumed that į Britain and Italy wont shortly, with agreement the newspapers pub-declare their

nement with President Hoover's proposal, but Chinese

suld that the attitude or France censed

earn

salion through- There are definite indications

Changed Outlook.

but the United States, all that China will take steps to "go|

The Times says that President fishing the gold" by some process or other, if

Hoover has finally rejected the the price of liver does not suon belief sa pertinaciously held by the

banner headlines, show signs of an improvement.

mass of American opinion that It is, however, as yet, a little was more problematical. Dr. Cur-destruction of a world market for spoke on the identity of nima be- there are two sorts of economic early for considered editorial comitius admitted that France had to soya beans, principal crop of twees the Chinese und Anuamite laws-one for the United States ment, although the reaction will make sacrifices it she accepted the North Manchuria, has hit the rail-people,

#42241 proposal, as she ought to receiveway severely,

For a long time, the French general busi- AND world.

and the other for the rest of the certainly be favourable.

His welcome proposal is President Hoover is resting forty million pounds sterling in neus depression has completed the Government, which accuses him of the most impressive admission of tu-day at his summer camp in reparations from Germany, and bad work. So the Soviets are gaining Communistic leanings, had sought to pay twenty millions to ricet her nothing from their share in the his apprehension in China, but he the economic interdependence' off Orange, Virginia, He is stated

had disappeared from public ken INSTITUTE AFFAIR the nations of both Continents to be most gratified by the reports therefore lose £20,004,000.

war debt obligations. She would railway at present.

Soviet leaders are anxious to for a number of years, during made since the War.-Bender. or the reception necorded his offer.

Dr. "Curtius, said he did not beget rid of the Railway. it in be- which he is said to have travelled lieved, and have been studying in Europe to study political Mr. Young's Support. lave, however, that France would

refuse to agree to collective action cans of getting out with profit affairs. Lately he reappeared in

to Mr. Owen D. Young, authority America and Europe.--Renter. The formula previously outlined outbreak of the revolution in themselves for some time past. China, this synchronizing with the

JAN WAGTER SEAMEN'S

HAD BEEN DRINKING CHINESE WINE.

1

American Views.

Washington, Jusé 22. 1

If within a year armaments are of the Young Plan. and a pos; | drastically reduced and reparationssible Democratic candidate for In connexion with the incident at readjusted, a great recovery would the Presidency nt next year's the Seamen's Institute on Friday follow, declared Senator Borah, in election declares:

the moratorium Jan Wagter (41). stated us being commenting on without employment and living at otter.

the Institule, was charged before He added that otherwise any fur- Mr. Schofield at the Centrai Police ther extension would be of little or Court this morning with assault-n benefit.

ing Mr. H. Watts, the Manager of The New York Herald-Tribune the establishment.

anys the President's reassurance on Wagter in response to the charge, should unite the nation as it has the matter of debt cancellation said he did not remember anything the party leaders. Congress is be hind the temporary. concessions, the President urges.

about the incident.

Detective, Sub-Inspector Rozes kwy, prosienting, informed the Magistrate that Wagter was mitted into the Government Civil

ad.

Mental Reversals,

British Interest Cuf.

New York, June 22.

4

Sudden Arrest.

Office of the Guilds in Shanghai, which will to-day communicate the proposal to the Company.

The next stage in the dispute will depend on the Company's res ponse to the Guilds proposal.

HOSPITAL "BOY" BITTEN.

LADY DOG-OWNERS* REFUBAL

According to a report made

to

the police by the Metical Official at the Victoria Hospital, a "boy" em- ployed there was bitten by a dog on Saturday whilst waiting at the Peak tram station at Bowen Road.

It was stated that the animal

has been just what they were look- Inilo-China, and a big reward was ing for.

offered by the French Government "It is probable that the Soviets for his apprehension. The likelihood of President Hoo-reckon on the scheme to make the "Amerien has spoken through her President. Persons of all parties ver's proposal for a moratorium trade position of so-called "im will stand by him as they should. being followed by steps for a re-perialist" nations In China more

dificult. Soviet goods already are What induced Ngyuen to come The proposal is nat only the act of duction of the interest is competing severely with Japanese to liongkong is not known, but it a wise creditor, but a helpful word

indebtedness, to mit

make 10 more af a great democracy. It is to be early conform to the Interest paid and others goods iu Manchuria appears that information regard- hoped that other Governments can by other Allied Powers, is suggest-land China proper. During the ing his movements was communi was in the charge of two European and will act also, and that private ed by the Washington correspon-past few months this competition cated to the Hongkong Police ladies, both of whom are said to interests, with restored faith, will dent of the New York Times,

has heightened."

authorities, who appear to have have rendered no assistance to the be helpful too.".

"boy." The correspondent draws atten-

Czarist Investment.

arrested him in a lightning raid.

The police were accordingly com Mr. Young concluded: "It tion to the tendency to the lowering

Beyond the information

con- municatod with and, in company The Soviets will be in a better takes only a little intelligence and of interest on home securities. He

from with the "boy" Sergeant Simpson, courage to make a prosperous Liberty Loans, bearing interest transaction goes through. Their Indo-Chins regarding his capture of the Emergency Unit, went to a

saya that the First and Fourth position if the Chinese Eastern Arming advices received world. I heartily approve the President's action." -Reuter's from 3 to 4 per cent, may be goods will be admitted duty free in the Colony, the local authorities Bowen Road, where it was learned. American Service.

refunded before January 1. 1931, for all practical purposes, and they are not. disposed to disclose the that the animal belonged to Mrs. Faid, who, however, refused to have and issued at a lower rate of in-will be able to undersell goods details of his arrest. terest.

which

It sent for observation... must pay the Increasing The French Government, it is The correspondent is of the import duties imposed by the Berlin, June 22.

opinion that the Interest on Bri Chinese Government. "The people of the United States A great sigh of relief went up tish indebtedness may be cut to up-

The will see that this country does not in Germnoy yesterday

In giving up proach the rate paid by United forfan Soviets feel that they will tion for Ngyuen's extradition. intend to pass by those who have political and financial leadura on States' obligations. Renter's Chinese Eastern for this important fallen in a great common misfor-learning of President Hoover's American Service.

privilege. Investment in the rail- tune,"—Renter's American Service. proposal, and it is certain that

Vienna, June 21. June 21, 1931, will be long remem-

Herr Schober, the Vice-Chancel- regime made by the Czarist posed for sale of the railway regime, but the present govern, is an inspiration," and are con- bored.In Germany's history. for, received the announcement of melt has put nothing into the fident that detalls can be settled Losing his balanco whilst watching The moratorium has come in the President Hoover's moratorium railway which it did not itself satisfactorily within a short time. Manila. 4 man fishing at Blake Pler yesterday very alck of time to avert a finan- offer with gratification, and ex- carn. And experts do not belleve It is understood that negotiations a young man named Kong Kan-kl, of The Royal Observatory reports |8, Lam Kwai Fong, accidently full cial catastrophe in the country, pressed the opinion that the move the railway will earn any aut in Moscow at present are largely that pressure is low over the into the water but was rescued by the the consequences of which would will initiate real peace in Europe stantial amount for some time. whole of China. The depression fisherman, Yiu Ki-shu, who lives at have meant extremely serious re-and the world generally.

It is reported that both Russlans concerned with details of this __N.W._of_ Hangi has deepand.

21, Wellington Street.

percussions throughout the world.

and Chineno believe the formula scheme.

Hospital for observation, and a cer- The New York Times says the tificate had been received From Dre immense change which the proposal G. II. Thomas which was produced.

will bring about in the mental at- A statement made by Wagter to titude not only of the United States, the world can the Police was rend: "I don't re- but throughout member anything about it. 1 had been drinking Chinese wine."

Wagter was remanded until Fri-

day morning.

-WEATHER REPORT.--

scarcely be exaggerated.

Germany's Relief,

(Continued on Page 7)

the

understood, has made a requisi

A Russian lad, named Vietor: Lamberis, aged 15 years, Wan charged before. Mr. Hamilton, at the Kowloon Magistracy this morn- ing, with having stowed away on the President Lincoln from Shangha

The accused admitted the charge; saying that he wanted to get to

Mr. Hamilton ordered him to re calve twelve strokes of the cane, and be detained until Saturday "wh arrangements would be made him to be sent back, et