1932-04-06 — Page 1

ART TILING IN THE NEW

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and

Estimates. Free, from

C. E. WARREN & CO., LTD.

"China Buliding.

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Dollar on Degandila 21⁄4dgraph”.

on New York:274 for fighting Post, Lid,

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The

FIRST EDITION

Cou

Library, Supreme

Hongkong Telegraph

FOUNDED 1881

Tel. 20269

KO. 23.10

KREUGER SENSATION.

AUDITORS'

REVELATIONS.

FALSE ENTRIES: IN BOOKS.

JUGGLERY IN ACCOUNTS.

Stockholm, Apr. 6.

A tremendous sensation has been caused by the pub- lication of the preliminary report of the famous English firm of auditors, Messrs. Price, Waterhouse and Com- pany, into the affairs of the Kreuger and Toll organisa- tion.

The careful investigations carri-

WEDNESDAY, APRIL 6, 1932. 三拜禮裝六月四类港香

廿一初三

ANNUM

SINGLE COPY 10 OENTA

The FORT) Hall Mark

of a Superlative Product

"South China Morning Post Bldg.” Tel. 24554;

AUSTRALIAN RACING TRAGEDY

PHAR LAP DEAD.

WORLD'S WONDER

HORSE.

ENORMOUS STAKE

WINNER.

race-

New York Apr. 5. The most famous horse in the world, Phar Lap, the "Red Terror" of the Aus- tralian Turf, has died of colic in California.

Phar Lap, a five-year-old gold- ed since the sensational suicide ing, was nuly once defeated in a of Mr. Ieny Kreuger, the "Match wonderful career, when he occupi King," - continue to fevent ferused second place in the Melbourne Jarities.

The auditors issued a statement

t-tay to the effect that assets, which in reality were non-rxistent, have been appearing in the Com pany's books since 1930.

Cup in November last, being beaten by White Nose. Phar Lap's jockey explained that he had been badly bumped.

Phar Lap died in Californiu.. whither he was shipped in March'

A remarkable action picture of Phar Lap, whose tragic death will come as a great shock to Australian racing ciraten,

པའི - -- - -

Messrs. Price, Waterhouse who in order to compete in the Agu PREMIER MAROONED BY JAPANESE CAFES

also investigated the Hafry crash in London) state that the balance sheet issued on December 31, 1930, grossly misrepresented the true financin¡ position,

Kreuger's Orders.

Caliente Handicap, a $59,000 race, which he won by seven lengths,

Romantic History.

Owned by Mr. J. „J Davis, Phar Lap had rather a romantle history, He was offered for auction in New Unter Kreuger's personal direc-Zealand as a two-year-old. Mr. tion, it is stated, entries were made Davis bidding up to £160 for him eliminating substantial balanceand then finding that he had not owing to the parent eoinpany by suficient money.

Ilm and the Company's subsi- diaries.

Ic borrowed the differ- ence, won a race in New Zealand

Other entries entirely eliminat-providing him with funds enough' ed liabilities or established book to ship the horse to Australia tol masels as substantial resets.

There are instances, the auditors state, where the book assets were entirely stitious or were duplica- tions of assets appearing in the books, and accounts of associated companies.

Fictitious Profits.

commence his career as the most| remarkable horse ever see} 1+21 any track.

Fortunes for Owner.

HOWLING MOB.

GRAVE RIOTS AT NEWFOUNDLAND PARLIAMENT HOUSE.

London, Apr. 5. Amazing scenes were wit- nessed at St. John's, New- foundland to-day, a sequel to a grave political scandal.

Sir Richard Squires, the Prime Minister of New. foundland, was marooned in in the House of Assembly. for some hours with a howl- ing mob waiting outside for him to appear.

Exact figures are not available) at the moment, but there is reason, to believe that he wan move money; in stakes than any other horse inj The manipulations extended to the world. He was only £20,000| the Profit and Loss Accounts and short of the record in 19880: in Through Selitious items, the profits 1931 he won more prize-money

in the day, the doors

for 1930

of Parliament were considerably in-than before in his career, and this windows creased.

year he added another £15,000 by being smashed.

earlier

WRECKED.

COMMUNISTIC INVASION.

his position as Minigun BERLIN AFFAIR.

innce, at the same, tiine acfusing) the Premier of manipulating public funds.

The Government

Party has refused to assent to the invesliga-j. tion, but today tendered its resignation.

Grave Charges.

Mr. Cassin made three defnite charges-firstly, that Sir Richard

London, Apr. 5. Two Japanese restaurants in the west end of Berlin were completely wrecked by a gang of Communist row- dies to-day, as a "protest against Japan's aggression in the Far East."

LONDON FLAT DRAMA

LEGAL OFFICIAL'S SUICIDE.

AMAZING AFFAIR.

(Router's Special Service).

London, Apr. 6.

The distraught condition 10 which the late Mr. Henry Hughes-Onslow, C.B.E., Chief Taxing Muster of the Law Courts, wha reduced through ill-health, insomnia and over- work, was described at

the

inquest at Paddington, when a verdict of suicide whilst of un-

Mr. Cosgrave, who leads de Valora's opponents in the Dail Eirann.

THE

IRISH

CHALLENGE.

sound mind was returned, DE VALERA SENDS

The Coroner, in reconstructing the cause

of death, sald Mr. REPLY TO NOTE.

Hughes-Onslow was seized with n violent heart attack when he went

to bed. He got up at two o'clock in the morning, and dropped a distance of 25 feet from his rooni to the ground.

:

He lay unconscious for many hours, then regained his senses and struggled upstairs, leaving behind him a trail of blood.

Then he got a razor, locked himself in his bedroom, and cut his body in various parts, though not inflicting any fatal Injury.

Found Alive.

(Reuter's Special Service).

London, Apr. 5.

- Firm opposition to any policy which would endanger the Anglo-Irish Treaty was declared to-day at a meet- ing in Dublin of Mr. Co- grave's Party.

The gathering passed a resolu- tion recording vigorous opposition to any policy which, by depriving He was discovered still alive the Irish Free. State of the ad- at eight o'clock in the morning, British Commonwealth of Nations, vantages of membership of tha but dfed shortly afterwards.

Mr. Hughes-Onslow, who was &mically, but would destroy the last

would not only endanger it econo Lachelor. born "In 1871, was hopes of national re-union.

educated at Eton and was one of the founders of the Armteur Football Association, of which he was the Brat Hon. Secretary, and was its President at the time of his death.

Ireland's Reply.

Meanwhile,

the do Valera Cabinet which has been finding: some difficulty in settling upon the final draft of the Reply to the, British Note, has at last agreed

Mr. de Valers has been very careful to leave the door open for i a conference between the British and Irish Governments, according to well-informed opinion.

During the war, he assisted the Government by procuring and or- ganising voluntary workers re- upon the text.

Government The raiders swooped down upon quired by various nd falsified the minutes of the the premises ahouting "Down with office sand Committees, He was Serious rioting had occurred Executive Council in order to the Japanese peace-breakers and appointed Master of the Supreme

manipulate public funds; secondly, war agitators."

Court of Judicature in 1908, and and that Dr. A. Campbell, Minister The windows were shattered] Chief Taxing Master in 1930. House without portfolio, had persistent in the interior smashed up. ly refused to file income tax re- chairs and tables being broken up. The Investigation Committee taking the Aanra Caliente

iturns; and the Board of Kreuger and Tell Handicap.

Walter Skanes, Liberal member rapidly converted into a shambles, are trying to find means ul There was talk only a few days The man demonstrations arose for Saintbarbe, had converted to

The raiders escaped leaving liquidation which will safeguard ago, of the prospect of his being from their demand for an inquiry his own use a certain amount of behind a quantity of pamphlets,-- the creditor and also enable the despatched to England to compete into the serious charges made the Marine Fisheries Department| Reiter, Kreuger companies to continue | in some of the big handicap event,jagainst Sie Richard Squires by grant to his own constituency,— their business -Reuter,

-Renter.

Mr. Cassin, who recently resigned "Reuter..

SILVER STILL WEAK.

HONGKONG DOLLAR

UNCHANGED.

The Hongkong dollar remains unchanged af (s. 2.7/8d, although

Inquiry Rerused.

ITALIAN TRIAL OF Four-Power

COMMUNISTS.

LEADER SENTENCED

FOR 20 YEARS.

Rome. Apr. 5. The trial by special tribunal ni, silver is easy and the local mar-twenty-two Italians from Emilia. ket relatively idle.

charged with plotting the

In London, silver fell 1/8th spot and 1/16th forward, the fall being

Thiefly due to absence of support, Speculators bought at the decline. After the official xing, the mar ket ruled idle, Amerlen not work- ing.

New York reports a fall of 1/8th, with the market dull. Futures are again easy.

CHILE INVESTORS

IN A PANIC.

ABANDONMENT OF

GOLD STANDARD.

Valparaiso, Apr. 5.

The abandonment of the gold

011

vecon-

Conference.

PRIME MINISTER

TO PRESIDE.

and thirdly, that Mr. the whole of both places being EMPIRE PRODUCE

PARLIAMENT

QUESTIONS OF THE HOUR.

London. Apr. 5.

IN

FAIR

Oath Issue.

His reply to the British Note was finally sealed and despatched to- day, and it is understood that

attitude may bo sum-

HONGKONG.marised as a refusal to consider

TWO VACANCIES IN Two-Day Exhibition

COMMONS.

Next Month.

any question of negotiating over: the removal of the Oath of Alle- legal case for the retention of the land annuities.

ince, but readiness to state a

BRITISH FINANCE.

WIZARD.

RE-ELECTED.

It is expected that the. Reply will. REASSEMBLES, CONSERVATIVE M.-P.’S Arising out of a suggestion provoke a further Note from the

RETIRING.

made at the recent meeting of British Government. The texts the Empire Day Committee, may not be revealed until the ques- London, Apr. 5.

held at Government House,tion is closed, when it will probably, Two further Parliamentary

facilities might be released in London and Dublin whereby vaneanies are in prospect by the

simultaneously. retirement of Sir Newton Moore, made available for the purchase who represents Richmond. and of New Territories produce, London. Apr. 5. The House of Commons reas-Sir Renell Rodd, the member for arrangements are now in hand sembled to-day after the Easter St. Marylebone, who has been for the holding of a special Fair The Prime Minister, Mr. Ram-vention. strection of the Communist Party say MacDonald, will preside over!

raised to the Peerage. Both are for this purpose on May 23rd leader, Carlo Alpi, being sentenced which opens at the Foreign Runelman, said in Haly, resulted to-day in the the Four-Power Conference) During questions, the President Conservatives.

and 24th. Sir Newton Moure was twice of the Board of Trude, Mr. Walter

This has been made possible to imprisonment for twenty years.Olive to-morrow to consider the could not regard as satisfactory the tralia before settling in England of the New Territories Agricul.MR. MONTAGU NORMAN

the Government Prime Minister of Vustern Aus-through the promised co-operation Two other acrused recrived sen- fenres of 14 years and 12 years situation in the Danubian coun-reply received front the Germent in 1918. He has represented others interested in the project.

and entering the Imperial Parla turni Aasociation and of many respectively. the remainder of the ries

Richmond since 1924, and at tho. ranging from

The Government of the United ctions on British coal imported into fast General Election had a ma-aidorable length at a meeting of Matters were discussed at con- sentences

The re-election of Mr. Montagu Kingdom will also be represented Germany and were making further jority of 28,873 in a straight Gght the Empire Products Sub-Com-Norman as Governor of the Bank years to twelve months,

Five of the accused were aequit-by the Chancellor of the Exche-representations.

with Mr. J. L. Thomson, the L-mittee of the Association, over of England during the coming ted.-Reuter,

quer, Mr. Neville Chamberlain, Regarding the Ottawa Economic bour nominee.

which the Hon. Mr. J. P. Braga year, and of Sir Ernest Musgrave the Foreign Secretary, Sir John Conference, which opens on July Sir Rennell Rodd has represent-.|

presided. Simon, and the President of the 22nd, the Dominions Secretary, Mr. od St. Marylebone since

Harvey as Deputy Governor was Board of Trade, Mr. Runciman. J. H. Thomas, said the Government prior to which he had a lengthy is hoped to hold the Fair on announced to-day.

All these ministere took part in were favourably disposed to pro- carech in the diplomatic service, the plot of ground at the junction yesterday's Anglo-French conver-pose that business leaders and re- His majority at the last election of Salibury and Nathan Roads.

has been elected.-British Wire- sations which may prove to have, presentatives of organised labour was 33,829, in a straight light opposite the Feninsula Hotel, to year in which Mr. Norman has

icas, been the deciding factor in reach-should be attached to the United with Dr. E. A. Whitfield (Labour), which vegetables, melons in sen son, poultry and eggs will be ing an agreement among the four Kingdom delegation and wore, in-British Wireless.

various transported from the Powors.

communitation on the subject with

districts in the New Territories. Although those preliminary con- the Dominion Governments.

The prices of the products will be MR. The Parliamentary Under Sec-| In connexion with the subscrip-versations were regarded by the

determined by the Lan people, or

SUI TAI-VENEZIA

COLLISION.

SUBSCRIPTION LIST CLOSING.

and

Governmunt regarding the restri-

1928,

wholesale greengrocers, on a basiɑ which will assure the farmers a

London, Apr. 5.

This is the thirteenth successive

STIMSON'S MISSION.

Kowloon Tong residents have THE DISARMAMENT

CONFERENCE.

Co-

Washing, Apr. 5.

standard by Chile has been assured tion list started by Mr. G. H. Potts, participants as so geipful as to retary for Foreign Affuten, Cu JAPAN SHOCKED by a special law which has passed Chairman of the Macno Jockey justify the general adoption by tain Eden, informed the House that through all stages in the Senate Club, for the purpose of making a European approaching the pro- ing to reapun been emotiation BAD REVERSE IN

some progress had dur-. and the Chamber and is now avait- | presentation to the officers ing the signature of the President. crow of the 8.8. Chuen Chow, sub-bloms besetting the Continent, no in Shanghai, though there were

MANCHURIA. promised to be responsible for one Frenzied trading in peso secure scriptions have been received from decision were made. Both the still certain points on which agree

tont of exhibits from their dia- and British delegates, ment remains to be reached.

Harbin. Apr. 6. Hes occurred

the country's the following:-The Hon. Mr. W. French

trict, and it is hoped that There are strong rumours here residents at The Peak, Shok-0 and various markets to-day in the ex-E. L. Shonton, Hon. Mr. C. Gordon although now helpfully familiar The conference between the two pectation of a heavy depreciation Mackie, Mesars. A. M. L, Soares, with one another's views, can en sides is still proceeding with the that the Japanese troops operat- other places will similarly of the currency exchange rates W. T. Stanton, W. C. van der Steen, ter to-morrow's conference with assistance of representatives of ing along the eastern section of operate. Mr. H. S. Chen, proprio-

Wan "Sunny economic burdens and the menace. when the restrictiona on exchange W. E. P. Saunders, Woo Lat-tin, perfect liberty to change those the friendly Powers, British Wire- the Chinese Eastern Railway have tor of the Tain

suffered a bad reverse. transactions are removed.—Heuter. Paul M. Hodgson, T. J. Draper, Sin vlewa after hearing the opinions

Farm." has promised a supply of to world peace have been increas Cheuk-man, Ho Wai-hing, Mrs. R put forward by the Gorman and

The Japanese are attacking at eggs as free gifts to the Fairing during the last few month Italian representatives.

Fangcheng, which is situate

The elders of the New Torri President Hoover to-day stated J. Paterson, Mrs. E. Baker and "Anonymous,"

M. Flandin, the French Financo

hundred miles north-east of Har- tories have shown much intorest that Mr. H. L. Stimson was golf" the third floor verandah at Staunton

As the list will be closed next Minister, has remained in Lon- reaches London sarly to-morrow bin. This city la strongly hold in the Empire Day products move to Geneva in the hops of facilitat Street, a pedestrian, named Yung Chit, was taken to the Government Civil week, It is hoped that further sub-don as the chief of the French de- from Berlin. It la expected that by Kirin troops who refuse to mont, and have promised to dising-positive achievement Hospital yemlend with a severe gash seriptions will be received before logation and Herr Von Bulow the conference will last for two or recognise the Mauchukuo regime, seminate the iden amongst the the Disarmament Conferen

head of the German Foreign Offes, three days-British Wirelčan.

Reuter,

Struck by a drying polo falling from

in his head

then.

tesa.

Reuter.

.

people on the mainland,

Declaring that the world'