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Hongkong Telegraph.
FOUNDED 288 No. 18761
XĦO WŁAŁAWF SATURDAY, JULY 9, 1932.
日六月六
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South China Morning Post Hidg." Tel. 21554,
LAUSANNE AGREEMENT WIDELY ACCLAIMED
SIGH OF RELIEF IN FRANCE
GERMAN NATIONALISTS
ANGERED
U.S. READY TO DISCUSS WAR DEBT ISSUE
"TH
THE SPIRIT OF LAUSANNE MUST TRIUMPH. THUS DECLARED M. HERRIOT, THE FRENCH PREMIER AT A BRIEF PLENARY SESSION OF THE CONFERENCE WHICH FOLLOWED THE ANNOUNCEMENT THAT AN AGREEMENT HAD BEEN REACHED. AT THE SAME TIME HE ELOQUENTLY APPEALED FOR UNITY AND CONCORD IN THE COUNCILS OF EUROPE AND THE WORLD.
The Agreement, the main features of which are given below, has been hailed in London and Rome with the deepest satisfaction, Mr. Ramsay MacDonald's un- tiring patience being specially stressed.
France is not so enthusiastic, although it is thought M." Herriot made the best of a bad bargain; while Germany is divided in its views, the Nationalists being furious with Herr von Papen for abandoning the political demands.,
The United States is ready to consider the revision
of War Debts, when the European nations finally agree on reparations, but it is pointed out that the Powers must submit their proposals to America individually.
TRIBUTES TO BRITISH PREMIER
BOND ISSUE.
AUSANNE:-Picture shows the Lausanne Conference in session, with Mr. Ramsay MacDonald (arrow)
presiding. After days of fluctuating hopes and fears an agreement has at last been reached.
FILLIP TO
CHINESE
AVIATION
AMERICAN TO ORGANISE FLYING SCHOOL
MR. JOUETT ARRIVES IN SHANGHAI
("Telegraph" Special).
Shanghai, July 8. Lausanne, July 8.
Mr. Johns Jouelt, who has been The Agreement begins with a The Best resolution deals with engaged by the National Govern- preamble setting forth the the agreement with Germany with ment to assist in the establishment object of the Conference, con-regard to the provision of bonds of an up-to-date flying school, ar- tinues with a political declara-to the value of three milliards ofrived here-to-day accompanied by tion, and concludes with five remarks, which will not be issued a number of assistants.
until some period after three years, He will shortly be leaving for! solutions.
In the political declaration, the when the slate of the market will Haugehow where the flying school
permit their being issued at a rate is located, most important part reads asr 90. bearing five per cent. in- Mr. Jouett has been closely Iterest and one per cent. Sinking, identified with aviation in the
Fund..
United States and lately served as If after a period of fifteen manager for the aviation activities years from the date of the rati- of leading American aviation com- fication it has not been possible panies. to issue the bonds they will be cancelled.
follows:
The Powers that have signed the Treaty came to Lausanne 16 of the problems deal with one arising from the War, with the! firm intention of contributing to a new order which will allow the establishment and development of confidence between the nations in
-
The bonds will be held by the mutual spirit of reconciliation, Bank of international Settlements enllaboration and justice. The and he devoted to a fund for the signatory Powers will make every reconstruction of Europe.
tort to resolve the problems. which exist at the present moment, or may arise subsequently, in the spirit which has inspired the present Agreement.
FUTURE HOPES. "They do not claim that accomplishments which will completely put an end
ob-
It is felt that the National Government is fortunate in taining the services of Mr. Jouett to assist in the development of aviation in China.-Reuter.
The second resolution provides NO. 10, DOWNING transitional measures with regard
the bouls, and extends the pro- visions of the declaration until ratification has occurred.
HELP FOR AUSTRIA
the
The third resolution relates to non-German reparations. and i
11 Lausanne,
Mr MacDonald Points the Way- to reparations, can alone assure that ond of peace that all the nations desire, but they hope that an achievement of such signi ficance, and so arduously attained, will be understood and appreciat- et by all the pacific elements. in Europe and throughout the world and be followed by fresh achieve- ments.
STREET
CHARITY FATE IN GARDEN
DE VALERA HAS INDIAN
ONE MORE CHANCE
ACCEPT IMPERIAL TRIBUNAL OR-
DUTIES BILL GOES THROUGH
London, July 8,
REFORM
PROBLEM
DISSATISFACTION WITH THE NEW PROCEDURE
The House of Commons to-day MEMBERS RESIGN passed the third reading of the Irish Free State Special Duties measure by 222 votes to 30.
AUSTIN LOSES TO PRENN
GERMANY TAKES EARLY LEAD IN
DAVIS CUP
PERRY RISES TO THE OCCASION
JIRO SATO BEATEN
BY STEFANI.
London. July 8. Great Britain and Germany finished all square in the first round of their Davis Cup semi-) final encounter at Berlin to-day, i Prenn defeating II. W. Austin as a result of some superb driving. and Fred Perry recovering England's lost ground by over- coming Von Cramm.
In the other European zone semi-final at Milan. Japan and Italy wound up the day on level terms each winning a singles.
The results in detail are:
BRITAIN GERMANY. Prenn (Germany) bt Austin (Britain) 6-0, 8-10, 6-2, 6-3, Perry Britain) bt Von Cramm (Germany) 6-1, 6-2, 6-2.
man
JIRO SATO.
ABOLITION OF TAEL
MOVEMENT GAINS MOMENTUM
BANKERS' BATTLE
("Telegraph" Special).
Shanghai July 9. The movement to abolish the tacl is gaining momentum, but the issue promises to resolve itself into a classes. of two battle between Kuwabara (Japan) bt Pal- Chinese bankers-the "old style"
mieri (Italy),6-3, 6-2, 1-6, and the modern.
JAPAN ▾
6-3.
Was
ITALY.
Foreign bankers are of the opin-
De Stefani (Italy) bt Jiro Satoion that the abolition of the tacl will eliminate many of the facial (Japan) 6-3, 6-4, 6-4,
evils of the country, and it is now Prenn played brilliant tennis to considered possible that the plan dispose of Austin. The English-I may be implemented on August 1st. discountenanced by Some quarters are opposed to Bombay, July 8.
Prenn's speed and accuracy in any sudden change. In this con- The British Government's recent serving and driving, coupled with nexion, one Chinese banker is of decision to alter the procedure in the fiery nature of the hard court. the opinion that "a sudden change fect. repeating his experience plications, especially between deb- regard to working out of Indian He found himself swept off his might bring about serious com- constitutional reforms, taking the against Ellaworth Vines in the tors and creditors."~~Router.
Con- final at Wimbledon last week. task from the Round Table
Fred Perry had things all his ference and giving it to a joint own way against Von Cramm and
easiest from won in the Select Committee drawn
The If the Irish President accept-
of Parliament in manner in straight sets.
German could only secure six ed their conditions for the Em- both Houses
will be able tu pire Tribunal, the Government which Indians
games in the course of the match. The would not operate the Duties
give evidence and to participate though Bill..
Mr. J. H. Thomas, in winding up the debate, said the Govern ment's repeated offer to submit the controversy to arbitration by on Imperial Tribunal was conveyed in writing to Mr. de Valera yester- dag.
After the result of the division had been announced, Mr. Thomas agreement had been renched at declared, amid cheering, that an Lausanne.-Reuter,
possible Race for
he displayed improve-
in the discussions. has led to some ment as the exchanges proceeded, dissatisfaction in India.
final set.
and captured three games in the King's Cup
A
SATO'S DEFEAT. As a result, Sir Tejbahadur Mr. Jayakar have
PRINCE OF WALES' Sapru and
De Stefani accomplished resigned from the Round Table magnificent performance in dis-11
posing of brilliant Jiro Sato in MACHINE GOING Consultative Committee.
straight sets. Salo
could not
REJECTION MOVED. Immediately after the Commons
Sir Tejbahadur Sapru in a withstand the determined attack- vete, the House of Lords gave the' measure its formal first reading, so letter to the Viceroy declares that ing methods, of the Italian and that it may be placed on the the change is not merely in the succumbed without even putting
form of procedure but in sub-jup his customary resistance. Statue's, Book without delay.
Kuwabara had the full mensure During the third reading debate stance and he has no such faith
In the Commous. Opposition sprak in the new procedure as in the of Palmieri from beginning to end, ers nioved its rejection, de hiring Fold-Reuter.
that both sides having accepted the principle of arbitration. negotia- tions should be further continued.
Whilst working on board the s.s
Hopes were also expressed that the Tyndareas a Chinese workman of London, July 8. The Prime Minister is lending measure would be brought into use Bulkeley Stree! fell inte one of the states that Belgium, the United the garden of No. 10
Downing only as a last resoures, and that holds and sustained injuries from Kingdom, Germany, France and Street next Thursday for an en- the Ottawa Conference would be which he died after admission Lo was undergoing repairs at the Talkoo Italy have agreed to proceed with altertainment which Mrs. Baldwin given an opportunity of adjusting hospital. The Tyndareus at the time scheme to help Austria as the first and Miss MacDonald are helping the matter.
The Dominions Secretary, Mr. Dockyard. step towards the reconstruction of to organise on behalf of the fund Thomas, said that before asking! Eastern and South-Eastern Europe, for distressed miners.
the Bill the It provides that the execution of
Many visitors from the United the House to pass
Government had satisfied them- pire Court, and said that although payments on account of Bulgarian States and other countries now in
bad exhausted the payments were governed by and Hungarlan reparations be re-
Britain are among those who are velves that they
every means of reaching a settle treaties, the Government were pre- served until December 15th next.. taking this opportunity of visiting ment. He recalled the decision of the pared to submit the question
The fourth resolution provides the house which has been tho Imperial Conference in support of arbitration by such à ́tribunal.---
arbitration being limited to an Em- Erilish Wireless.
that a Committee shall report to scene of many historic events.
the Organising Committeo for Throughout the summer months,
European union such measures as hundreds of most beautiful private may be required to overcome the present difficulties of transfer and gardens and grounds in Britain are nino questions with regard to the opened to the public on behalf of
charities.--British Wireless.
price of cereals and cognate pro- blems generally.
WORLD CONFERENCE. The fifth resolution deals with the World Economic and Financial Conference which it has been decided shall be convened by the League of Nations. The meeting- place is left open, and may necessarily be Geneva.
not
NAVAL BOAT'S
RESCUE
THIRTEEN CHINESE PICKED UP
C
The naval authorities announce that the R.A.F. Belgol reports that
Meanwhile, a Commission of: she has picked up thirteen men Experts will be appointed. to from a small fishing junk, No. 728, which the United States will be belonging to a village close to invited to send a representative, Swatow, which capsized last night, study the financial and about midnight, in a heavy squall,
"These first successes will be more readily won if the nations rally to this new effort in the to cause of real peace, which they economic problems which will be in a position Lat. 22.89 N., Long. can complete only if it is applied dealt with by the Conference..
in both the economie and poll-1 tical spheres and reject all violence.
possibility of resort to arms or
PLENARY SESSION.
A Plenary Session of the
(Continued on Page 7)
116.9 E.
The Bolgol was en route from Wolhalwal, and is expected to Con-arrive in Hongkong at 6.30 thle
avoning.
A
G$100,000 FOR BO NUS MARCHERS
ANYTHING
SUM of C$100,000 has been voted for the transportation of the American war veteran bonus marchers back to their homes. Left picture shown some of the men at the Capitol building in Washington waiting to button-hole members of Congress. Right, some
of the marchers in camp.
STRONG
Lundon, July 8.
The first of 42 acroplanes for. the King's Cup left Brooklands at
and after taking the first two sets without being extended rested 8 m. to-day.
himself to win the fourth and the match at 6-3.- Reuter,
Stimulus to British Securities
The first section, flown to-day totalled 728 miles, and the second section to-morrow will cover 495 miles.
is by way of To-day's route Brighton, Portsmouth, Bristol, Bir- mingham, Liverpool, Manchester, Leigh, Northampton and back to Brooklands.
a
Particular interest is being dis played in the machine entered by the Prince of Wales Compor- white and blue and fitted with 120 HP. Gipsy Third Engine.
Each pilot had to possess mora. than 100 hours flying experience STOCK EXCHANGE IS and his machine was required to Įdo a minimum of 110 miles hourly. PLEASED
Light aeroplanea figured pro- minently, but "Puss Moths" had The announcement by big banka serious competitors in nine Com-. and Insurance companies of their per-Swifts, probably the smallest decision to convert their holdings machines in the world.
BANKS' WAR LOAN Swift monoplane coloured red,
CONVERSION
London, July 0.
in War Loans has imparted a good At the end of to-day's flying tho feeling on the Stock Exchange.
lead was hold by W. L. Hope in a "Fox Moth" Gipsy Third, whose
came nows Later, when the through from Lausanne that an agreement had been renched, it time was 16 hours, 14 minutes, 41 acted as a fresh stimulus and led seconds.
Prince's machino Was The to further strength on the market, especially in British Governraent second, Its time being 15 hours, 28 29 soconds.-British securities and European honda.-minutes, Renter's Special Service.
London, July 8.
Wireless
The War Loan coveralon plan given every opportunity to convert is still going strong, nearly 350,000 with the advantage of one per holders out of two and half cent. cash bonus, but they are millions having converted.
advised to be as quick as possible. Holders of bonds abroad will bo-Reuter.
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