1931-12-11 — Page 1

''qཏྭཱ?

HOT WATER

ANY TIME-—ALL THE TIME! CONSULT US FOR MODERN IDEAS

IN HOT WATER INSTALLATIONS.

C. E. WARREN & CO., LTD.

MANCHURIA.

China Bldg.

Tel.

20269

North-east winds,

generally, ovilinagkonga

for The South China' Morbing Post, Ltd.,

1 & 3, Wyndham Street, Hongkong-

The

Dollar on Demand:-Is. 5.0/16d. TT. on New York:--24, Lighting-up Time: 5.39 p.m. High Water: 22.04. Low Water:-15.15.

Library, Supreme Court

Hongkong Telegraph.

PER ANNUM

*WOUNDED 1881 1#D W-†A≈+✯✯✯ FRIDAY, DECEMBER II, 1931. HALA OOPY 19 CENTS

NO. 14,674

Agreement in CONFIDENCE IN BRITAIN'S

Paris.

Unanimous Vote on Resolution.

RESERVED POINTS.

Paris, The, 10.

M. Brlani opened the ponsment- hugs at today's pablle meeting of the League Courell at 4.42 punt. General Dawes, the Amerlena r presentative, was not present de j spite the general expectation.

After introductory remarks, M. Briand called upon Mr. Yoshizawa, the Japanese delegate, for a states ment:

Mr. Yoshizawa's Thanks. Mr. Yoshizawa expressed thunks to the Councilkurs for their cour- tesy in complying with his reptest

to adjourn the meeting, after the

reading of the Council's resolution,

GLOUCESTER BUILDING

APARTMENTS.

LAND INVESTMENT CO.'S SCHEME

FOR THE TOP FLOORS.

TEA LOUNGE & DANCE FLOOR.

THE

four top floors of Gloucester Building, when ready, are to be utilised as a residential furnished apartment house, to be operated by the Hongkong Land Investment and Agency Co., Ltd. itself.

Definite decisions to put this plan into effect were recently reached by the directors of the Company, after consideration of alternative proposals.

Every possible arrungement|owned by the General Electric Co.

These will be equipp-Į will be made for the comfort and of England.

till today, and also the gratitude convenience of residents, and ited with automatie indretor self- and sincere appreciation of the is hoped that the scheme will be levelling control. Inpanese Government

efforts displayed.

for

the in full operation in March of

next year.

In the Manchuria situation, de said, there were special circum-

terests engaged.

distance

Details of the project were out-

Lift Innovations,

The motors operating the liftel

President Zamora, elected by an

overwhelming majority.

Spain's First

stances making the question tied to a Telegraph representative will supplied with current from cult, namely, The

from Mr. L. S. Greenhill, Secretary or generator sets giving vari- Europe and the diversity of in-of the Company, in the course of ble voltage, and the lifts will run ed that the scheme makes provisioning automatically opened by com He announced that the Japan- for 116 rooms in all, of which 76 pressed air. In addition, there will

A feature will be be a goods lift and two service Ufts. ese Government were willing to will be single.

to the upper floors. accept the League's resolution.that each room will be equipped {

with hot and with a bathroom,

old water.

an interview, when it was explain- 150 test per minnte, all doors President.

The Council, he said, land dealt with the question at issue in a spirit of conciliation, goodwill and patience, Thanks to the

JONKA URSPRUNGAN VAT]%+MALEZIQEURDENTALLYNNESİNE)||

TOKYO POLITICAL

Open to Public, "

Provision is also being made for restaurant, a bar and a ten kinge, while there will also be a

which private dining room,

Fi sidents may book for special parties should they so desire.

The whole project should strong

SENOR ZAMORA ELECTED.

by appeal to residents who wish the econveniency of modern and

Madrid, Dee-10. thoroughly comfortable apartments, Senor Zahoa, who recently with complete service. In a central resigned the Premiership to locality.

mark his opposition to the A Variation.

Cortes' anti-religious policy, has ¦

it varies somewhat

from the been elected first President of original idea that the top floor the new Spanish Republic, would be designed for service flats, Senor Zamora polled three The restaurant, which will

with the restaurant rights let at hundred and sixty-two votes out situated on the eighth flour, will to another Compray. Under the of 410 cast by the Cortes. CABINET EXPECTED TO be fitted with a sperind spring dance new arrangement, the whole enter

floor, and, as in the case of the len prise will be in the bands of the six years-Reuter.

He is elected for a period of RESIGN.

lenge, it will be open to use by Land Investment Co. the public.

CRISIS.

Tokyo, Dec. 11.

the Youturi The Axul and

that Thes Cabinet s report decided to resign, but confirma. tion is lacking, though resigna- tion to-dny is generally anti. cipated-Retter.

Ragi Rendezvous,

A further point of interest is SO-CALLED ROAD TO

that

there will Th ACCESS t21

The rouf. from which 11

very

f

view

is obtainable. and it is expected that this will be SERATANAS BRINECEFUNKEN DONEZTETA BIRɔɔe a very popular rendezvous in the

tact manifested, a

draft resol

Lion had been drawn up which

hot months of the summer.

PROSPERITY.

35 PER CENT. PROTECTION

ALL BRITAIN NEEDS!

Special care is being taken in the equipment of the establish-

BURMA CONFERENCE DELEGATES.

RECEIVED BY THEIR MAJESTIES.

DUNLOP

Reinforced Meter Cykla Tyres

**South China Moralag Post Bldg."' Tel. 24504.

FUTURE.

STABILISATION OF STERLING.

MR. NEVILLE CHAMBERLAIN'S STRIKING SPEECH.

THE BUDGET OUTLOOK.

GREAT BRITAIN remains the greatest

creditor nation in the world.

When world conditions have settled down, sterling will resume its place as the principal standard of international credit.

The stabilisation of the pound will be effected when the moment is propitious, but at what figure, it would be folly to hint.

SOVIET TRADE SCANDAL.

TRUST LEADERS ARRESTED.

IMMENSE LOSS INVOLVED.

Riga, Dec. 16. considerable sensation has been caused by the arrest of many prominent Soviet citizens in connexion with an alleged industrial scandal of considerable magnitude.

Those taken into custody by the Soviet police include twelve Chairmen of the State Trusts.

#

The arrests were made following secret investigation lato the

affairs of Controseyus, the central body which forms the unity be tween the Consumers' Co-operative Societies and the principal Trading Trusts.

It is stated that colossat losses to the State are involved, besides a shortage of food and clothing for the masses.

It is expected that there will be

These were the striking features of a peroration by Mr. Neville Chamberlain in the House of Commons a rapid and impressive trial-

Reuter. last night when the debate was resumed on the Labour motion of censure. The speech was loudly cheered, and the motion, when submitted to the vote, was defeated by 439 votes to 44.

Mr. Chamberlain, who is Chancellor of the Ex- chequer, denied that there was any reason to fear a serious deficit in the Budget this year, and still less, next year. There was, every reason to suppose that the Government would be able meet all its obligations out of current annual revenue and simultaneously make ⚫ substantial provision for debt redemption.

+

· PREPARED FOR EMERGENCIES.

+

EVERYTHING UP.

SILVER, DOLLAR AND POUND.

provement in the London-New york cruss-rate, which has risen to 3,80, silver has also advanced both In London and New York, with the.. result that the Hongkong dollar has appreciated a

farthing, the demand rate on opening being 1s. 5.9/10d

Although there is a slight im

Silver rose in London 7/16ths. The Continent was a snuill buyer, London, Dec. 10. maintain Britain on the gold stand-and there were amali offerings, the The debate on the Labour cen-ard but were forced off it by cause market being quiet. After the sitre motion was resumed after a beyond their control The official Axing, the market ruled very fail question time. during inercase made In the fiduciary dull, America not showing much which one

hundred and sixty issue last August, which was interest. questions received oral answers. quoted in

support of these To-morrow, after the debate on rumours, was, in fact, subse the adjournment, the House will quently followed by a decrease in rise for the Christmas Recess and the issue backed by gold, and the will reassemble on February 2

The Prime Minister announced RADNA PREMERCIONITIUMAIRISHIKONASETTIASIONE this afternoon, however, that the adjournment notion would give London, Dec. 10.

power to the Speaker to call the The King and Queen to-day re-House together earlier if public ceived the delegates to the Burma interests required it.

offered the best means of a settlement, the furnishing of which will BANK'S CALCULATION. Round Table Conference at Bue-

inent.

A Reservation.

be in the hauds of Lane, Crawford, Ltd.

There will be

The Japanese Government had,

lim therefore, instructed accept the resolution, on the press understanding that Paragraph Two would

vat prevent military Japanese

Iron taking action

in defence of the lives and

of

1

the

five high-speed |

18

London, Dee 7.

kingham Palace.

Lord Peel, Chairman of the Con- ference, introduced the delegates

Government's Polley.

An article on the "balance of to Their Majesties-British Wire-Chancellor of the Exchequer, Mr.

passenger lifts, made by the Extrade," which appears to lay in less. to

Lirt Company, which

the Monthly Review published by Lloyds Bank, contains a calculation that a total "protection" of 35 per cent.

all that British industries. should reasonably require in order to put them upon the road towards renewed prosperity.

their nationala,

bandits and other lawless

elements in Manchuria.

Dr. Alfred Sze, the Chinese

representative, followed

Mr.

Yoshizawa, delivering

i

long

Atatement

embodying eight

points.

HINKLER'S FINE FLIGHT.

KING SENDS MESSAGE OF CONGRATULATION.

of

London, Dec. 10.

The article does not suggest a definite figure at which the pound should be stabilised but points out that a rate of 430 equals a depreciation of 12 per cent. pos-

GERMAN SILVER

MINTAGE.

REICHSRAT APPROVE

SCHEME.

An important statement by the

Noville Chamberlain, on the Government's policy in regard to currency and exchange problems. was the feature of the resumed debute on

the Labour censure motion.

Air. Chamberlain sniti that although the present situation was not altogether satisfactory, he did not regard the recent fall in the exchange value of the pound with serious apprehension,

War Debts and Reparations.

WAR DEBTS AND REPARATIONS.

FRENCH NOTE TO AMERICA.

Washington, Dec. 10.

The French Government have formally notiled the United States that any revision of re. parations must be accompanied by a corresponding sealing down of war debts.-Reuter.

In New York, there was a rise of 8/8ths, from 29% to 29.7/8. The market closed steady.

Shanghai is quite steady at 18. 11.13/16d. and I. 11.7/8d., as also is Hongkong at 18. 5.13/16d, and 18, 5.7/8d.

London advices suggest the pro-' bability of a further Improvement in the cross-rate.

INDIA POLICY APPROVED.

CLOSE OF DEBATE IN LORDS.

London, Dec. 10. The House of Lords, after a three days' debate, to-day approved the Government's India policy, ns effect was to leave the total note outlined in the Prime Minister's circulation unchanged.

statement concluding the Round Table Conference.

Internal Value.

A motion by Lord Middletón for an adjournment of the debate in or- der to allow faller time for cousi- to 58-Reuter. deration was rejected by 106 votes

Berlin, Dee. 10. The Reichsrat have approved! He Hald the Chinese H. M the King has sent a tulating an advance in the sterling! Government intended to dismessage congratulation

It was easier to see an unsalla. to price of foreign goods of 13 per the scheme for the minting of every Squadron Lander Hinkler on his cent.

twenty million five-mark silver factory state of things than to] charge in good faith

The Government, Mr. Chamber. obligation assumed in agreeing outstandingly successful flight

If a 10 per cent. tariff were then pieces. German silver coins are decide upon the remedy, but there lain said, would pursue ita policy the resolution as interpreted across the South Atlantic.-British added, the 36 per cent. limit of white metal needed for the minting seemed to him, might, if wisely possible, the internal purchasing

600 fine and the amount of the was Onc question

which, it of maintaining, as steadily

will be approximately 9,000,000 handled, have a greater effect power of the pound. ounces-Reuter,

than Anything else in restoring He had every reason to sup. confidence, the lack of which was pose that they would be able to Government or the Bank of France. the basic cause of internation meet all their obligations out of

France had left hor balances financial troubles, namely, current revenue and to make sul undisturbed. settlement of the reparations and atantial provision for obere war debt question.

by M. Brland.

The arrangements being prae- tical and designed to meeting the pending emergency, It was there- fure nezesanry, in the interest of complete understanding, to record certain observations and reservations in principle.

Carried Unanimously.

Lord Ceal (Britain) following

Wireless,

protection would be reached.

Kowloon Ladies in Motor Accident.

Dr. Sze, expressed thanks to the Austin Mounts Embankment and Comes

Council's Chinese and Japanese colleagues for accepting the resolution, after which M, Briand submitted it to formal vote. was carried unanimously.

It

The resolution was adopted within 38 minutes of the opening of the session.

General Discussion.

to Rest on Hood.

CHANNEL GALE.

SHIP FEARED LOST WITH ALL HANDS.

demption.

trade

He hoped the experts at Baslo

The stability of sterling. Mr. would be able to report if not Chamberinin continued. WHA before, soon after, the end of the essential to healthy your

throughout world. Rotterdam, Dec. 7, The Report,-he thought, would An extensive search by several un followed by a meeting of tugboats failed to coveal any trace Governments, which he earnestly of the Spanish cargo steamer Mami, hoped would succeed in reaching which was caught in the heavy gale some arrangement and restoring which raged in the Channel Inst confidence in Germany's ability to Mrs. Moon, of No. 1, Cambay (selves, and it was not until Ser-aight. Distress signals from the meet her commercini" obligations. Buildings, and Mrs. Fisher, wife geant Goodwin, of the Shamshuipo vessel had been picked up yester of Captain Fisher, of Jordan Police Station. came along, shortly day afternoon when she was out th

This would thaw out the lee Jam in International ́affairs. House, Kowloon, were the vic-afterwards, that the unfortunate Dutch coast and the tugs went out It tims of an alarming motor ac- ladies were. released.

Immediately to her assistance.

Rumours Denounced. Both Mrs. Moon and Mrs. Fisher is now foared that the ship with cldent on the Castle Peak Road were rashed to the Kowloon Hos- her crow of 30 has gone down. yesterday afternoon.

pital where it was found that bo

n'new road and

The remaining porlod was spont in a general discussion. M. Briand said that the Ameri- An Austin saloon which Mrs. yond the norvaus shook nolther can participation in the delibera Moon was driving mounted the had suffered injury. Mrs. Fisheri tions of the Council had been embankment of marked feature of the Man- completely overturned, coming to ditions is not serious.

was, howover, dotalnad. Her con- churian dispute. He hoped they rent on ite hood,

The accident occurred along the would always show a constant Both ladies suffered from severe reclamation near Cheung Sha Wan and parallel Interest in colia-shock as a result of the accident whore new road.ls in the course

(Continued on Page 14.)

and were unable to extricate theme of construction.

Others had removed their balances; "probably less through want of confidence in Britain than by reason of a desire to have liquid resources available in the uncertain state of their own countries,

Was not possible, for obvious reasons, to say now ot

It is certain, said Mr. Cham- berlain, "that those foreigners what time or at what level they

who have been taking their might ultimately stabilise the

funds away at the present level pound but it was their declared object to effect its stabilisation

of the pound and thereby in- at the earliest possible moment.

creasing their losses, will very much regret it some day when The Government's long-term they find, as I am confident they will find, that their action was polley for the correction of the ndvorno balance of trade was totally unnecessary.": The Chancellor took occasion tự under consideration, and he

Although at the moment we may denounce the rumours, which he hoped to make a statement early have some difficulty.

with our aald were in efrculation abroad. next year.

foreign debts, still we remain the Montreux, Dec. 7.'. that the depreciation of storing

France) Defended.

greatest creditor nation in the world Mr. Gandhi arrived here yester-Wes a voluntary and deliberate

Whom world conditions stimulating

There lind, no doubt, been some settle down, I have not the lightest day morning coming from Paris. nct for the purpose of

British experts.”

withdrawal of foreign balances doubt we shall find sterling resum- He was met at the station by the

There was no truth whatever In London but he wished to con- ing Its place as the principal Private, and by a huge crowd which writers. Romain Holland, Edmond

In that suggestion.

tradict reports that withdrawals standard. In international oradit. They had done their best to had been made by the French British Wireless, had gathered at the station.