1931-11-18 — Page 1

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ANTI-DUMPING BILL'S

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Local Weather N. E.

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Angkasa Teletaph"

for Tinh China Morning Post, Ltd,

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The S

Dollar on Demand:-la, 3.9/16d. TT. on New York:--20%. Lighting-up Time: 5.39 p.m. High Water:—19.12.

Low Wator:--22,17.

Liary, Supreme Court

Hongkong Telegraph.

'Tel.

20265

FOUNDED 1881 KO $3,550

PER ANNUK

#Ó WATя-+ WEDNESDAY, NOVEMBER 18. 1931. MAT BINGLE OUTS IN CANTS

CURRENCY

REPORT STRONGLY

LOCAL BRANCH.

BUILT FOR THE JOB!

Fodder Bldg.

CRITICISED.

FIRST READING. Designed in the Interests of Parasites of Modern Industrialism.

DOES NOT APPLY TO EMPIRE.

LABOUR HOSTILE.

London, Nov. 17.

The Government manifest- ed its policy of Imperial Pre- ference to-day. It was of- ficially announced that none of the provisions of the An- ti-Dumping Bill will apply to the Dominions, whose im- parts will have a hundred per cent preference.

An under the ordinary procedun of the House in dealing with Anancial business it would take a fortnight a paisa into law the logislation announced yesterday by the President of Board of Trade, Mr. Runciman, fr conexion with abnormal importations, the Govern ment to day received the approval of the House for exceptional pro- cedure by which the necessary financial resolution, and the frat reading of Bill will be taken night, the second reading morrow and the remaining inges en Thursday. The Bill is expected to receive the Royal Assent Friday night.

to-

1311

Enormous Imports. Moving the financial resolution in Committee of Ways and Means to- night, Mr. Runsiman said that when the importations were first brought to the Government's notice they were exceptional, but they had since increased in volume considerably.

Figures showed, that even after dlowing for all seasonal operations there was an enormous increase for October, and stijl more in the early part of November.

Under these circumstances, the Government were bound to take the steps which he described yesterday.

Labour Hostility,

articks imported ja aburmal

quantities.

SACRIFICE OF THE GANDHI

MAJORITY.

LOCAL BUSINESS MAN'S OUTBURST.

FIRST COLD DOUCHE.

THE APATHETIC AFFABILITY of Anglo-

Saxon acquiescence is indicated by a strong critic of the Report of the Clegg Currency Mission as one of the reasons for the fact that such conclusions were possible.

WANTS ALL.

Control of the Army.

THE ROUND TABLE DEBATE.

JAPAN'S ATTITUDE

STIFFENS.

MUCH ACTIVITY BEHIND SCENES AT PARIS MEETING.

FORCEFUL MEASURES IN

THE AIR AGAIN.

Paris, Nov. 17. [Japanese have been temporarily The gap between the Chinese thrown back from Sauchienfang-| and Japanese demands are as big tze.

It

-

HENRY PU YI'S ABDUCTION.

CHINA'S NOTE TO LEAGUE,

JAPANESE PLOT ALLEGED.

Nanking, Nov. 18. Accusing Japanese of kid- napping the ex-Emperor, Pu Yi, with the intention of es tablishing a bogus Manchu government, the National Government bas sent a státo-

ment to the League of Na. tions, in which it declares that it will, in the event of such a bogus authority being established, rogard it as • seditious institution.

"It

London, Nov. 17. Gandhi demanded complete control of all the affairs of India during to day in the Round Table Federal Struc- ture Committee, on the wo called reserved subjects. Lord Rending referred to the posal by Pandit Malaviya that conversations held today, the between the Japanese and Man- as ever, despite the exhaustive! Simultaneously the conflict complete control of the army maximum should lie with an Indian Minister, been presented to M. Iriand.

requirementa having churian troops near the Nonni who would be responsible to the

River bridge was resumed, and

The text of the statement reads: Legislature, and that the Governor

IN understood that the yesterday the Chinese officers at

Is reported that during General's only right of interven

Angangchi reported that the Japanese attitude was slightly Japanese had advanced to within recent disturbances in Ticntain tin would be in an emergency by

stiffened.

ten miles of Augangchi.

created by rioters who made use pending the constitution. Lord Reading said it would place the Sir John Simon took a prominent Martial law has been proclaimed of the Japanese Concession sa a Guvernor-General in a most awk-part in the discussions, consisting at Harbin on, account of the high base for their preparation, the ward predicament and would be un-of a most elaborate comparison of tension along the Chinese Eastern deposed Emperor. Henry Pu YI, of workable.

standpoints, but the Railway and at Tsitsihar. It was essential that if respon-Council decided there was insuf-city is patrolled day and night by the former Manchu dynasty, was

Police ind

soldiers.kidnapped and escorted from the We also give an amplification of the proposals ofsibility at the centre was to be con- slent data as regards the recogni-armed

ferred upon the indian Legislature, tion of treaties, which Japan | Renska_

Japanese Concession by Japanese, the Currency Mission regarding the reform of the which he himself desired, the demands. currency system, and an interesting summary of the Governor General and that the opinion that some of the treaties DOLLAR TUMBLE Emperor

for the establishment of a bogus must be in the hands of the

The delegates expressed thej

overnment with himself 15 movements of funds, showing that the inward move-

Minister must be responsible to were purely economical, rufsing ment of gold currencies generally exceeds the outward him. Any proposal, for reapon the question of interpretation flow.

sible Governman would be un- rather than validity, and there- acceptable to him if it did not fore a great advance would be make that exception.

|secured if the actual points in]:

dispute were isolated.

Writing this morning, he declares that the Report suggests that the only interests in this Colony worthy of any consideration at all are those of the parasites of modern industrialism-the middlemen and speculators. The "obvious fallacies" of the Mission's deductions are dealt with in some detail.

. REFORM SCHEME AMPLIFIED,

psible bankruptey

T

constai

Our Currency in Chinn.

New Mentality.

It was a mistake to assume that conditions, were to be the Bame

shipping concerns, the hardship' The Currency Mission admitability for the Army remained

inflictud

the two

Practical Solution Urgent.

The feeling in Chinese quarters

CONTINUES.

The

SPECULATORS NOW PROFIT-TAKING.

dollar fell further this

"The National Government has julready declared, through the League, to the governments of friendly Powers, that the National Governmont and the people will ["not"""""recogatre-anyimtituting. established hi such a fashion in Chinese territory.

"In the event of the establish- ment of Pu Yi's bogus govern ment being confirmed, the National Government will regard it as a seditious institu- tion, and as an auxiliary of the Japanese Government.

"All actions of such a govern- ment will be repudiated by the

laid 011 the

the

Japanese

after they got a new constitution, in Paris continues to be that n Thr The Labour Party's hostility to It would appear, says Outgoer, undertake fu Hongkong and if he s hitherto. They must get into a practical solution of the present morning, partly dục to profit- the anti-dumping proposals was from

the Currency Mission's is not prepared to take over that different mentality and he hope situation is the more urgent, and taking by speculators and partly manifested when, after Mr. Stanky a port that the only interests in risk where, worth while, can he that when the Legisinture was con- that theoretical questions such as to the signs of weakness in the Baldwin had moved the suspension this Colony worthy of any con-find anybody that will?

stituted and the federal constitu-treaties should be reserved for world silver market. There are two alternatives in tion was in existence, it would be ultimate discussion when there is

The local of the Standing Orders to permisideration at all are those of the

exchange, market the official rateį quick pasage, Mr. George Tau bure parasites of modern industrialise this connexion, as far as I can see: found that so far from there be no further risk of bloodshed,

the middlemer and the speen-1 Let the Hongkong importering conflict or hostility between moved the refretion of the motion. intors.

There was much activity behind bring Is. 311⁄2d. T. T.) spened at Jender It was, however, carried by 396

stabilisation, continue to the Minister and the Governor-the scenes after the League Coun-1s, 34, and closed round about] votes to.SI.

The local producer and the dia...

-cover against the silver-gold General, there would Lu most jeil meeting to-day, two very | 1s. 4%d. The financial resolution which is tributor of the necessities of life, exchange in the interests of the friendly co-operation and con-interesting interviews being There is, however, little National Government, and the requiral as the basis for the Bill, the financial allaies of our govern- South China dealer or (2) let thous consultation.

between Mr. Matsudaira and Sir strength in silver. The slatement actions will be

entire responsibility of such said the Measure empowered the ment, the prosperity of our ship-tings drift without any cover. ife did not care what means were Jolin Simon and Dr. Alfred Szeby Mr. Neville Chamberlain in the shoulders Board of Trade to impose customs building and repair yards, the

adopted for this purpose provided and General Dawes.-Reuter, Huuse of Commons is expected to Government."Router. duties up to 100 per cent.

that the control and the respons

have an adverse effect. the upon

wives and that "Hongkong notes eirculate the Governor-General throughout, families of our seafarers, fighting widely throughout South China and that he had the right of ap services and commercial wage where they are regarded as the pointing an adviser who would not denies a

India was buying and speculators FAN TAN IN THE earners, the financial ruination of most desirable form of currency be a member of the cabinet in the assurances have been given the were active on both sides, and the

cal investors, wholesale disrup If the South China dealer finds it strict sense, because he would be Japanese Ambassador that

STREET. olliclal rate was fixed at 18%d. | tion of commodity prices and the inconvenient

10 enver arainst responsible to the

Governor United States will not follow the pot an advance of 7/8ths on stupendous depreciation in the exchange risks, he will push Hong- General and not to the Legislature.jicague in an economic boycott of yesterday's price. America came value of our bunks' Hilver

kong currency still further in his

Gandhi Wants Full Control. Japan, or withdraw Its diplomatic into the market as a seller later BANKER & CROUPIER wept sphere of operations and thus pro- eve--all aside as negligible considerationsvide an ever-increasing absorbition

ARRESTED. Lord Sankey drew attention to representatives from Japan, the in the day and prices ruled under

Inst report United States has decided to think the quoted rates. a paragraph in the

A fan tan parly held on a public Chinese overseas residents.

York, where the price fell from was interrupted by the arrival of 32% cents 31 Shanghai Chinese detectives, who took the planation given by Mr. Stimson opened at 18. 84d. this morning two principals into custody and to-day that General Dawes, is and closed at lo. 93⁄41⁄2d. staying out of the Lengue Conseil meetings in Paris because the United States is "not ready to

This covered all articles exept food, drink, tobacco, raw materials and articles which were mainly un- manufactured.

First Reading.

these

ure

Flat Denied But-

Washington, Nov. 17. Though Mr. Stimson Butly story that

The London market showed an apparent improvement on opening.

the

Later, The House passed Mr. Ronci- man's financial resolution through all stages, and afterwards gave

rat roding the Anti-Dumping Rampantly Bloodthirsty. factor ngainst the remittances from stated there was a general for itself over the question of An easy tone prevailed in New road at Wongnel-chong yesterday Bill, whien is officially known as the abnomal Importation Customs

One would not feel so rampantly bloodthirsty about the business if when lonaed and surely it is better ibilities

Money, after all, carns Interest agreement tint the assumption by eventual sanctions,

India of all the powers and генроп- Bill.

which

resting on The text of the Bill, which was

minority. to

the that we should make our reserves subsequently published, lays down interests of the community are profit-bearing than have them ateri. Parliament, could not be made at that where the Board of Trade is being sacrificed, had comprized flized in bank vaults,

one step, and that during the period of transition the Governor- satisfied that there are abnormalt British people who were handling

General should be responsible for| quantities of goods, falling within British products.

defence and must be given powera

La cape if the Bill, being import- ed, it may issue an order applying the Bill to them, but such an order munt ba laid before the House of Commons within 28 days of the data of its issue.-Reuter,

the

fors.

Premium on Noles.

hitherto

|

That is obvious from

the

ex-

to

decide how far it will accompany FRENCH INCREASE

the League towards forceful mea- Hures against Japan"—Reuter.

Three-Hour Battle.

Harblu, Nov. 18.

TARIFFS.

DOUBLE AND TREBLE OLD DUTIES.

As far as I can see this Cology! ulice, by the way, that the necessary to implement his deci- Is being run and protected in the Mission attributes the premium sionu. interests of the Empire's competito the banks' declining to expand | Mr. Gandhi sold the Congress the note issue in relation to the case was that there should be com- Take the line of commalities volume of remittances. How can plete responsibilty transferred to with which I am renutely connect our tanks force on Hongkong more India. That meant there should Six Chinese soldiers were ed-line which happens to be notes than its trade requires? he complete control of over theported killed and one corporal| booming at Home at the moment. Their alternative method of keep Army and external affairs, but fatally wounded, following

Paris, Nov. 17. STABILISATION OF can conduct you around Hong.ing down the premium is the crea-also contemplated adjustments.serious three-hour battle on Mon-

tion of in upper bullion point. The whole Army should kong and show you

The French Government has be dis-day when Japanese cavalry clash- a British Colony flooded with Jananca bullion brokers are to reap all the their control in its entirety.

which means, I suppose, that silver handed if it did not pass

under od with the Heilungklang Brigado tabled an urgent Bill increasing the

under Commander Fan at San-Importation tax on semi-manufac German and Japanese stuff that,

these out

chienfangtze. The Japanese tured articles from two per cent. as far as quality goes, is unworthy benefit derivable from

side remittances.

Lord Sankey, Bald Gandhi was

wholly asking them to take a terrible re cavalry were assisted by bombing to four per cent, and on of cooliò hire to a rubbish heap in comparison with the Old Country's

sponsibility in urging the with-croplanes which greatly contri- finished articles, from two to six nutjiut

Chinese per cent. The tax on raw materiala drawal of the army or its reduction buted to their success.

(Continued on Payc 12.)

oficial despatches claim that the remains at two per cent.-Rauler,

POUND.

GOVERNMENT NOT READY.

London, Nov. 17.

a

I

The only meaning patriotism ap. pears to have for people in this part of the world is gun salutes, uniforma and Government social functions.

In the House of Commons, at question time, the Chancellor of Exchequer, Mr. Neville Chamber- Iain, stated that there were number of important conditions, somo not subject to the Govern- ment's control, which must bo satisfied before the stabilisation able. The currency mission has

However, we must exercise solf-) control and submit to the inevit-

decided definitely against stabili-

in terms of gold could sation and the only thing left for of sterling in bo cor

contemplated.

us is to try and get a little anti ont's Immediate object action from drawing attention to Government's was to balance the budget, to re- the obvious fallacies in their de eti'y the adverse trado balance, ductions,

and to maintain the Internal pur

chasing power of the pound.

ho

Replying to another question,

Baid that for rognons already

Exchange Riske,

The point they emphasis is that

stated, the Government did not the geld-silver exchange risks

consider any useful purpose would inolved in importation would be

be served by calling an interna thrown upon the-doalor in-South

tional conference on British Wirolaze.

4liver, China.

Does he not at present

pay for the risk somebody has to

In conclusion, I would like suggest that the replacement of

(Continued on Pupe 7.)

charged them before Mr. Schoflold

Jut the Central Magistracy this įmorning with being the banker and

croupier respectively.

It was stated that they had at- tracted a large school comprised mostly of earth soollos.

The defendants were fined $7 and $10 respectively, with alterna- tive terms of imprisonment, while an order was also made for the con. fisention of $3.80 seized and of the gambling paraphernalia.

GENERAL SMUTS.

ELECTED RECTOR OF ST. ANDREWS.

London, Nov. 17, General Smuts was to-day elec ted Rector of the Scottish Univor alty of St. Andrews-Brilish Wire. Teas.

UNEMPLOYMENT.

FURTHER REDUCTION OF 20,000.

London, Nov. 17. The Ministry of Labour figures issued to-night show a further decline in the number of unemploy

“A panoramie, view of the tits purchased by the Hongkong Engin voring and Construction Company on, the outskirts of Kowloon for the ed of over twenty thousand sizes development of a model residential area. The satire arsa ensizsled by the roads of the picture is inglused in the site, which is 1,330,000 'square. the previous week «British Wire«. Cost In patent. The purchase prins was 1336,000 It will tako five yuri to somplete the plane for the conversion of this barcón unaren arga.. less.