1932-08-16 — Page 13

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The

FINAL EDITION

Supreme Court

Hongkong Telegraph.

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No. 18789 3D WATЯAF TUESDAY, AUGUST 16, 1932.

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WORLD'S GREATEST FINANCIAL TRANSACTION

JUBILATION OFFICIAL WAR LOAN

IN LONDON

WIDE CHORUS OF ENTHUSIASM

London, Aug. 16.

The magnificent success of the

war loan conversion scheme is acclaimed on all hands. Ninety per cent. has been converted. Only slight- ly more than 2 per cent. has to be redeemed.'

A jubilant press this morning į re-echoes the delight expressed by Mr. Neville Chamberlain, Chan- cellor of the Exchequer, who says! the result has exceeded all his ex- pectations and has more than jus

Hier his confidence that the pa- triotism and commonsense of the British people would encourage the world.

The chorus of enthusiasm In- cludes Lord Snowden's "Magni- ficent" and editorial phrases: such as "The figures will stagger | humanity" and The World's i

CONVERSION RESULT

INFINITESMAL SUM TO BE REDEEMED.

London, Aug. 15.

The Treasury announces that £1,850,000,000 of Five Per Cent. War Loon has been converted to Three and a Half Per Cent. Loan, out of a total of £2,086,000,000.

Holders of War Loan bonds to the value of £48.000.000 have been applied for,

Regarding the balance of £188,000,000, those holders who do not apply for redemption or for conversion will have their stock automatically converted on September 30.

The complete success of the operation is beyond question. Reuter.

TERRORISM

IN

IRELAND

greatest financial transaction." DEMORALISATION :

The adroitness of the Treasury and the ancrifice of the investors

, receive their full mez 1 of tribute.

CITY SURPRISED.

The most sanguine City author:- ties are greatly surprised by the result as their highest estimate £1,700,000,000--has been passed by a long way. They regard the smallness of the ammint for which redemption has been requested- £48,000,000-as equally amazing and remark that there is no fear that the scale of cash repayments

embarass the will

Government,

and even anticipate that there will the automatic conversion on Sep *tember 30 of most of the hitherto

unronverted holdings,

#

Fir

EFFECTS OF RESULT.

OF PEOPLE

VOLUNTEER LEADER'S GRAVE CHARGES

INTIMIDATION

London, Aug. 15.

Horses taking a cooling walk in the Thames at low tide during the,; recont hent-wave. By an official decree shortly to be issued, horses will disappear entirely from the streets of London, as offering a complicating factor in the traffic problem. Meanwhile the heat wave is back in London and has grown particularly severn on the Continent.

HORSELESS LONDON

PROHIBITION OVER LARGE AREA

TRAFFIC PROBLEM

EXPERIMENT

("Telegraph" Special).

London. Aug. 15. The horse is likely to dis- appear entirely from thei streets of London in the very near future.

· FEKACIENTES: ACERCARE LATER PRESE

.r|

**Cl

HITLER'S PLANS A

MYSTERY

TROOPS SUDDENLY IN ABSENTIA.

Berlin, Aug. 15. Herr Hitler's immediate inten- tions, following his rebull at the Presidential Palace, are unknown,

His storm-troops have suddenly disappeared from the streets of Berlia 4,1td elsewhere, though Nazi headquarters deny i rumoar that they have been given week's leave of absence,m-Kenter.

OTTAWA

Is the general state of de-

The development of a horseless AGREEMENT pression and demoralisation London is foreshadowed by an in which is growing up among tinuation that horse traffic the Irish people the result of shortly be prohibited within a con- invisible intimidation?

siderable area of the City of Lon

This was offeret as the solution of the present adorospheres in the Fe State, by "Coloni?" di. T. P

will

don, except during vertain hours when there is normally no likeli- lónd of traffic congestion.

# the experiment proves a sues free in casing the traffic problem.; the

the range of its application is al

certain to be widened.

Higgins, the resident of new Volantese Division of the Pre State Army Old Comendos Asso

The effects of the Treasury at 'nouncement are expected to be a

enhancement of British credit Home and abroad, which will lead to a further rise in British Ponds stimulus to industrial operations ¦ ciation. throughout the entire country; Reuter to-day. reduction of interest rates whichi the Imperial Conference has al-;

17 interview with

The whole of the Irish people)

enter.

ready declared to be advisable: are more or less prostrate at DODGERS DEFEAT

and an assured economy or 122. in the annual debt ser

080,00

vices.

The Treasury embargo upon new. eapital issues, which has been faith-¦

feet of secret organisations, de. elared Dr. O'Higgins.

PIRATES

the ELEVEN RUNS IN TWO

FIRST INNINGS

PLANS OF VOLUNTEERS. Catlining the plans of fully ofserved since the initation of Volunteer Division, he said it the conversion operation is expert- was not intended to issue arms to ed to be raised very shortly...--- the Volunteers nay to drill them. Renter.

BIG STRIKE THREAT

COTTON INDUSTRY

DISPUTES

HALF A MILLION TO

BE AFFECTED

London, Aug. 15. A general stoppage in con- sequence of the wages dis- putes in the weaving section of the Lancashire cotton in- dustry appears to be almost inevitable.

New York. Aux, 15. Nevertheless, he said, it would Only one game was played in hefound that the backbone of the the majors today, the Brooklyn organisation consists t men Dodgers thefeating Pittsburgh by already Irwinest.

cleven rims to six, in a sensation

They would stand between the, struggle,

EFFECTIVE FOR FIVE YEARS

Ottawa, Aug. 15. completion of

between

an

BLAZING HEAT IN

RHINELAND

LIGHTNING DEATHS ON SPORTS FIELDS

CHRISTIE UNDER FIRE

AIR OF DRAMA AT MURDER TRIAL

SEVERE CROSS- EXAMINATION

NUMEROUS DROWNINGS STRANGE" VISIT TO

the

(SPECIAL TO "TELEGRAPH”).

C. Y. KWAN

The atmosphere of drama which has prevailed during the trial of Chong Kwok-yau on * London, Aug. 15.

charge of procuring the murder The British Isles and Europe are again sweltering intensified to-day when Sidney of George Fung appeared to be in a heat wave, with thunderstorm accompaniments, Christie was under severe cross- London and the provinces are in better case than the examination. Continent, where the thermometer is soaring into the nineties.

At one stage, when a seeming discrepancy between Christie's The whole of West Germany is ex-evidence and that of Zimmern Many deaths have ccurred periencing terrific heat-records was pointed out to him, Christie from one vatise and another, of long standing having been brok declared that both were correct,

most tragic happeningslen in the last day or two.

leading to an accusation of "a laging reported from Germany. During the week-end there were bold

th attempt

sustain extremely where the heat, appears to be which caused demporary

severe thunderstorms, Zimmern.”

Noods, more intense than elsewhere. much serious damage, and the loss It is reported from, Vologne that "of a number of lives in collapses,

Two

LIGHTNING DEATHS.

At the outset, Mr. Jenkin drew an admission from Christie that he saw Zimmern last night, after his gruelling day in the at witness box, and talked with him

INDIA'S DIE Lemgo and a tennis player at for some time.

CAST

GOVERNMENT TO ANNOUNCE PLAN TO-MORROW

London, Aug. 15.

An announcement of the

men playing football

Baard were killed as a result of being struck by lightning, while was resumed this morning, Chris

Giving evidence, when the trial The rush of thousands of people to tie said he did not remember hear- The nearest water in an endeavoring the name of Lai Min-fay men- to escape the heat by bathing has toned at the Yee Fong Chan Res- had the almost inevitable results-taurant. He had heard Chong say a large number uf deaths by he had a girl, but during a quar- drowning.

|

rel one night he slapped her and

In the Dusseldorf district alone she left him. seven deaths in bathing tragedies tare reported.----Reuter.

greatest importance to the OUR OWN "HEAT-WAVE”! future of India, namely, the

Government's provisional Not at All Unusual

The agreement

the scheme for settlement of the United Kingdom and the communal problem is to be, Dominions was indicated this issued for publication in'

understood Wednesday's papers. evening. It is

-

for August

The present spell of warm w

Cheng told him he had lived with this girl for six years but there never had been intimacy between them.

"I told Cheng that this was very doubtful," said witness, "but he repeated that it was true."

"SHOOT FUNG!

Recounting the Nathan Hotel in- cident, witness said after they had been in the room for 15 minutes, Cheng said "Pung is a rotter. I

that the final points have all The Government regretfully her in Hongkong is likely to coa-fwould be better if he were out of been cleared up and that the undertook to provide a settlement 'tinue.

the way. What if I were to ask you to do it? in view of the failure of the com- Yesterday was the hottest day of agreements will be for a manities, both at the Round Table the year in Hongkong, the therma

Would $10,000 br sufficient? Conference in London, and in meter soaring to 91 in the shade. period of five years.

Witness asked "Do what?" Earlier in the day, it was India. to reach an agreement.

"Shoot following registrations of 90 de-

Fung," said Cheng. nounced that Mr. Neville Cham The Government undertook the grees on both Saturday and Sun-

Witness asked Cheng whore he berlain and Lord Halfsham had task at the request of the Indians day;

could get a gun and the accused had a further disenssion with the themselves and it is hoped that the Uncomfortably warm s

replied if they were in Shanghai Canadian Premier Mr. R.B. Ben-provisional scheme

it is, he could get any amount of guns. be particularly after a remarkably cool average summer so far, it is

Mr. Lindsell:-And what did a trifle premature to talk of you say?

oral heat wave, altimugh there is no evident prospect al conleg weather to come in the next day or two,

2.

DOW

Lu

1 and as a result it was hoped 'issue will effectively remove the that an understanding would be obstacles which are at present in reached permitting the proposals peding the work of ecstitutional people and the menace of the The Dodger battery ran riot exchanged by the United Kingdam Creform.-British Wireless,

and Canadian delegates to be em- seuret organisations. Their in the first two inninga, piling bodied in one agreement.. policy would be directed by eir their eleven Puns before the cumstaners. They were zot Pirates got fairly started. There To this will be added a schedule 460 threat to Jawfully-constituted after, they were tied up complete setting out the amounts of the pr"EGYPT" GIVES UP Government, but if the Anglo- but the Pirates struggling (ference.—British Wireless, Irish Treaty is to be challenged at gamely could not wipe out the de- :

a

#

an election, it should be denie EX

feit. The Pirates made 11 safe the free vote of the people, not, hits and two errors, the Dodgers ander menace.-kruter.

LENIENCY PLEA REJECTED

GAOL FOR YOUNG

SNATCHER

Sentence of six months hard¦ labour and 12 strokes of the birch passed at the Kowloon

It is feared that the clash be- was

tween the employers and the wea- Magistrney this morning on

Д

17 safe hits and two errors, Mollison's

At Washington, the "Current Senators" trimmed the "Champion

Senators of 1524" by six runs to Daring

two. Walter Johnson pitched as exhibitation game.-Renter

BRITAIN'S RADIO FANS

FIVE MILLION MARK SOON EXPECTED

London, Aug. 15.

Flight

POSSIBLY LEAVING

TO-DAY

London, Aug. 15.

HER GOLD

[SECOND CARGO FROM

THE WRECK

London, Aug. 14. The Italish salvage vessel, Artiglio. left Plymouth to-day to continue her work on the wreck! of the "Egypt."

Meanwhile £200,000 in gold bars and sovereigns brought into Ply- mouth during the week-end have If weather reports are satisfac-been conveyed to London. It was tory, Mr. J.A. Mollison will to-lhe Artiglio's second consignment morrow leave Portmarnock Strand, from the wreck, the first having amounted to £180,000.---British

vera will develop seriously before Chinese Ind of 17, charged with The General Post Office states Ireland, on his attempt to fly to Wirelces. the end of the present month. | snatching a handbag in Nathan that the number of wireless America and back.

The Board of the Northern Rond yesterday afternoon." Countries Textile Trades Federn-

Inspector

Booker said

Icences issued by the end of July He and his Puss Moth machine?

was 4,800,000. This is over million are now at Baltionnell, but he will MAX SCHMELING'S com-more than a year ago.

fly to Portmarnock early to- It is anticipated that the five morrow. De-million mark will be reached dur

Mrs. Mollison to-day dew London from Baldonnell but may her husband's de- parture.British Wireless.

to

NEXT FIGHT

TO MEET MICKEY WALKER

Now York, Aug. 15.

!

LOCAL RECORDS.

#

POISON SUGGESTED, Witness-I replied "I will not o it." but after a while I suggest- ed poisoning Fung.

Mr. Lindsell:What did accused juay?

Witness:-He said "No. 1 pre-

The record Hongkong tempera- ture was recorded on August 19. fer a gan."` 1900, when the mercury rose to 97. The second highest. 94 has been re- After a while he asked me the Any further conversation --- corded on several occasions, inname of the poison and I told him

potassium cyanide.

cluding August 25, 1931.

The weather Hongkong is enjoy Do you know anything about ing is quite customary for this potassium cyanide 7---I studied time of the year, though long chemistry at school. spells in the nineties are more in- Proceeding, witness usual.

SILVER AGAIN RISES

said υπ Zimmers's suggestion Cheng, Zimmern, another Chinese and himself went for conge. Later, Forry they walked to the Star and on the way accused said "I have two men shadowing Fung und I know his every movement. I have a trusted driver who Is under an obligation to mo. Yiu could wear a' Cuinese coat, 'shoot Fang and get away in the car. Silver is again armer both in OBJECTED TO SHOOTING.

the loen dollar, which has appro-ing the Chinese cont and shooling. London and New York, and the

Mr. Lindsell:-What did you reault is seen in a slight rise in say to that?-I objected to wear-

SLUMP IN THE YEN RECORDED

cinted 1/8th to 18. 3.7/83.

The

Fung.

market locally is quite steady. Witness said that before board- A feature of the oxchangeing the ferry, Cheng told them not quotations to-day is a slump into mention Fung for fear of being the yen, which has dropped to 18. overheard.

ton, meeting at Blackburn to-day, plaisant was walking along the decided that unless the situation road with a child of seven. has improved by August 20, Satur fendant was only a lad and the ing the Radio Exhibition which ray next, Inbour belonging to the Inspector suggested a thrashing opens at the Olympin, London on return to Bec Federation will be withdrawn from instead of Imprisonment the mills on August 27.

which, Friday-British Wireless. he said, might have an effect on At least a quarter of a million him in later life.

4.7/8d. operatives are directly affected by

After reaching Hongkong the the decision, while it is inevitable, His parents, who were in Court, first floor of 241, Shanghai Street Chan Yung-sing was sentenced to 12 An Incipient fire broke out on the Banished for 10 years in 1930,

Silver rose in London 5/10ths three drove to Happy Valley and. should the strike threat eventente said he had always been a good yesterday when patrol which had over- months hard labour before Mr. Fras

rendy and 3/16ths forward, later had breakfast at the Prin- Max Schmeling is to meet Mic-China and India bought, and the ceas Cafe. Hore, Cheng again not understand flowed from, a blow lamp become or at Kowloon this morning. Defon-koy Walker in afteen rounds market was steady. After that the spinning section of the in- on. They did dustry will also be brought to a why he did such a thing.

ignited on the floor. The inmates dant was found on the staircase of a

the asked about the poison. Ho want- standetlil in consequence of the Mr. Fraser said the offence was rushed into the street to raise the house in Youmati at 5am yesterday heavyweight contest at the Madi- or the resumption of Ameri, administering it other than by in- oficial fixing, the market ruled ed to know if there was a way of A cessation of weaving thus affect too serious to lot defendant off alarm and 14 noxt-door neighbour and was arrested on suspicion. At son Square arena on September

We furry further quarter million work with a thrashing, and passed sen- subdued the outbreak with a Chinese the station, he was found to be

19, the winner to meet Jack Bliar can demand.

joction.