1932-11-24 — Page 1

EMBLEMS

OF

REMEMBRANCE

IN VARIOUS MARBLES

GRANITES

OR COMBINED WITH BRONZE.

Artificial Wreaths

C. E. WARREN & CO., LTD.

China Building.

Tel. 20269

Dollar on Demkianskret

Low Waler:-12.00.

The

FIRST EDITION.

"Library, Supreme Court

Hongkong Telegraph.

FOUNDED HONL

No. 18850

292 90+-+* THURSDAY, NOVEMBER 24, 1932. BL#A+

SINGLE.COPT 10 CENTS 13600 PER ANNUM

1888- DUNLOP the Pioneer

DUNLOP still the Leader

"South China Morning Post`Bldg," Tel. 24354.

HOOVER ANNOUNCES DECISION ON WAR DEBTS

Opposes Postponement: No Facts to Justify

SEVERE BATTLES PROCEEDING

JAPANESE ADMIT HEAVY LOSS

BIG OFFENSIVE

near

HELD UP

Harbin, Nov. 24.

Heavy losses in severe fighting the Paichuan, where strength of the anti-Manchu- kuo Volunteer forces is now con- centrated, are admitted by the Japanese military headquarters. ⠀⠀|

The great drive in an effort to crush the opposition in one shushi; ing blow is meeting with a series) of violent setbacks, although the Japanese claim to have made some progress as the result of steady pressure, despite heavy losses.

The engagements round Tai- chuan, to the south-west and south-east yesterday, were not on a very big scale, but they cost: both sides heavily in casualties.

The Japanese captured 300 shells, a number of wagons and one motor-car.

At Imienpo, where Japanese; military have been sent, repairs are being effected to the Samohval signalling apparatus, which was damaged In Yesterday's train wreck. The passenger service with| Hailun is expected to be resumed] to-morrow.-Wouter,

....

POUND'S NEW LOW

LEVEL

BIG FALL DUE TO DEBT VERDICT

New York, Nov. 23. As a result of President Hoover's debt decision, the pound slumped to a new low level for the year, namely 3.24, 7/8.

According to the Evening Post, it ia persistently Wall Street that J. P. Morgan's

READY TO ESTABLISH DEBT

COMMISSION

HEAVY SLUMP IN STERLING

"INTOLERABLE"

Mr. Winston Churchill (Indepen-¦ dent Conservative) in his firat speech, in the Commons since his recent illness, also dealt with thei wur debt queation,

He deeply regretted that the question had, he was afraid, beeni largely removed from the high, cirelca of American statcomen who understood the world position andi all arguments in this matter, andi was to a large extent in the hands i of obdurate assemblies, newly clect- ed, whoac members kad given speci- fie pledges to their constituents.

Without attempting to anticipate || the British Government's decision, In the face of this torturing pro-) bem, he believed that all were apreed that "if we alone ameng all the combatants of the Great War, victors or vanquíaked, are toj be condemned, without receiving anything from our debtors, to pay, for nearly two generations, e vast overseas indemnity, as a muntah. ment for the exertions we made in| the War and as a penalty for our good faith afterwards, that would be a situation which would indeed) he intolerable.”

BRITAI'S

"CO-OPERATION OF NATIONS"

CHURCHILL'S QUICK

REJOINDER

DRESIDENT HOOVER HAS DECLARED HIM-

LEAGUE AND LYTTON REPORT

SENT BACK FOR ANY. MODIFICATIONS.

London. Nov. 23.

The League of Nations Connell resumed considera. tion of the Lytton Report at Geneva this afternoon. After hearing further statements by Mr. Matsuoka (Japan) and Dr. Wellington Koo (China), the Council-decided that the Lytton Commission should mect to decide whether, in the light of the spreches, they desired to modify this report. -British Wireless,

LEAGUE'S AID

SELF OPPOSED TO THE SUSPENSION OF NOT WANTED

THE WAR DEBT PAYMENTS DUE TO THE UNITED STATES ON DECEMBER 15, AND HAS RECOMMENDED CONGRESS TO CREATE AN AGENCY FOR AN EXCHANGE OF VIEWS WITH INTERNATIONAL AMERICA'S DEBTORS ON OBLIGATIONS.

MANCHURIA LEADERS' MESSAGE

LYTTON REPORT

ATTACKED

Peking, Nov. 24.

President Hoover declares that no facts have been presented by debtor countries justifying the postpone- ment of the debt payments and recommends the creat- tion of a Commission to receive auggestion the war debt problem "and report, to Congress such recommíond-secking the aid of the League in ations as they deem desirable.”

"We have never thought of

securing the recovery of Man- churia from the Japanese," de- bably remedy the alleged deficiency of facts justifying clares a message which, accord- the postponement, though British circles have received the decision calmly. It is not considered that the an- nouncement ends the matter.

་

REACTION TO

Washington, Nov. 23. President Hoover's statement

the to reiterates his opposition cancellation of the debts but United States suggests that the could be compensated otherwise than in cash-for example, by the have assured London bankers that expansion of markets for United.

rumoured

a substantial credit (estimated at

Stites products and the develop- G$100,000,000) can be advanced to ment of economic relations which support sterling, if necessary, as would contribute to a recovery of a result of the payment of the in- stalment dae on December 15th.

ADEQUATE BALANCES.

11 is believed that British

balances in New York are adequate

prices and trade.

The statement emphasises that concessions by the United States would result in transferring the burden from the taxpayers of other countries to the American

to meet the debt, but a substantial taxpayer, and concludes by stress. part is the property of London the relationship between the banks, not of the British Treasury, debts and disarmament.

The opinion is expressed that the payment of the instalment oni December 15th would leave British balances too small to protect ster- ling against speculative sales, Reuter

LIU'S TROOPS EMBARK

SHANTUNG POWER

DISAPPEARS

Chefoo, Nov. 23.

Mr. Winston Churchill, who soome to have recovered fully from his recent illness.

PROPER CO-OPERATION. President Houver suggests that the membership of the Agency to be crented by Congress should be completely or partially identical with the delegations of the but he did want everyone to boar Economic and Disarmament Con-in mind that no-one could have ferences.

foretold the present position. le seria:

The amount of the war debt "If civilisation is to be per-could only be paid by gold or by petuated, the great causes of world | goods and services, pence. world disarmament and! Gold was scarce, save in those world trade recovery must prevail, localities where it was quietly and They cannot prevall until the path "safely" accumulating in vaults,

BURDEN DOUBLED.

DECISION

ing to Chinese sources, has been sent to the three Chinese dele- gates at Geneva.

41

HITLER WANTS DICTATORSHIP

UNABLE TO FORM GOVERNMENT

LETTER TO THE PRESIDENT

A RULE WITHOUT PARLIAMENT

-Berlin, Nov. 23. foreshadowed yesterday, 1 As

Herr Hitler, the Nazi leader has intimated that he is not al- tempting to form a Cabinet.

In reply to President Binden- burg, Herr Hitler declares that in view of the President's conditions,

it is impossible for him to form Reichakuatorlum, an organisation of Gan. van Stupnagel, loader of the

a government with a Parliamen- youth in Germany, alleged, in certain tary majority,

Hitler

•

an

✔ quarters to be a cover for further

military training.

П suggests, alternative the formation of

a Presidential Cabinet, with him- sell or another Nazi av

Chancellor, to be invested with GREAT LOSS

dictatorial powers so that he can dissolve the Reichstag, if it becomes obstreperow, 'rule with- out Parliament and dissolve the Constitution.-Renter, „

NOVEMBER HANDICAP

'FINAL ACCEPTORS AND JOCKEYS

VICTORIA CLUB CALLOVER

The authors of the message, joint telegram despatched yester, day for transmission to the Assembly of the League of Na *The

tlons, are the fourteen leaders of

forces the anti-Manchukuo

final

Landon, Nov. 23. acceptors for the

TO MUSIC

SUDDEN DEATH OF MR. PERCY PITT

PIONEER OF RADIO CONCERTS

(Our Own Correspondent).

(lly Telegraph. Copyright, Telegraphie Meranges Ordinando, 1893. Received, Ane. 15. #73 a.m.)

London, Nov. 24.

The death occurred un- expectedly, during the night

in Manchester November Handicap, of the well-known British Whatever America might do, he | Manchuria, including Ma Chan-the last bly fat race of the 1932 composer pianist, and con- appealed to everyone in Britain to shan. Ting Chao. Su Ping-wen, Liason together with their productor, Mr. Percy Pitt, at

bable jockeys, were announced to-

the age of 62 years. day as follows:

realize that America had also to Tu and Wang Teh-ling. face difculties.-British Wierlexa.

WHAT NEXT?

TELL THE TRUTH.

The leaders declare:"

Rockcliffe

Sans Espoir

never

Pahoker

Guiscard

Cobequid

Overall

Seardroy Bork Star

Arena

"Tell the truth. We London, Nov. 23. thought of seeking the assistance President Hoover's war debt of the League, nor will we ever declaration is not regarded as un- | Approve a proposal for an inter- satisfactory in "authoritative national regime in Manchuria. British quarters.

wbleh is entirely compatible with China's territorial integrity.

It is noted that President Hoover regarded Die British approach us reasonable, and British interest now centres on what will happen i on December 14th..

-Renter.

BETTER WEATHER.

The Royal Observatory reports GETTING READY THE FACTS.

that the anticyclone has moved President Toover's statement into the Pacific to the south-enst; willi that the debtor nations have not for Japan, and the monsoon supplied facts justifying suspen- he temporarily interrupted. Locul sion of the payments is recognised forecast:-East winds, moderate; ns perfectly accurate; therefore, it cloudy with mist or light rain, may now he expected that the probably improving. British Government will despatch

to Amerien such facts and reasons.

between

the

I

Apperley Clogheen

Epicure Lingerie Codicil

Dictum Silver Castor Anna

Isthmus

Hypostyle

North Drift Disarmament

A Wrogg Perryman Childs ...Wing C. Richards .S. Wragg Ray G. Richards

Weston

Beaty

Graves

Sirett

Fox

Lune

.Dini

Steven Donoghu

Smith

Nevett

Richardson .Dowdall

Mr. Pitt was the first Music Director of the British Broad casting Corporation, from which post he relired three years ago, He was a ploneer in the brad. in casting of serious musle England, and the model, wireless

concert is largely the result of his early work,

He was intimate with Puccini

of and knew most the great operatic stars in consequence of having been Director of Music at the Covent Garden Opera for 24 years.

EARLY WORKS.

Born in London in Jan., 1870, A. N. Other and educated in Puris and Leipzig, North Drift, last year's winner, where he studied music under is not strongly fancied to repent Reinecke.

and Munich, where

its success, the present favourites Rheinberger was his master. Mr. being Cobequid and Arend Pitt in 1895 composed an orches

of the Twenty-five to one can be obtain-trai

two

THE CALLOVER.

Auite and in 1896 "Fetes Ju provisional suspension The British view is that the

Galantes", based on works of the French port Verlaine. In the facts are abundant and powerful.ment while the matter is undered about North Drift.

discussion

was appointed I do not think that The call-over at the Victoria lutter year, he They include the economic distur Governments. bance not only to Britain, but the is an unreasonable proposal.

Club to-night shows the following organist at the Queen's Hall, Lon

don. and accompanist at difficulties ensuing from fluctuni-

doubt that the position: "There is no

8/1 Cubeguld (t. and 0.7

(Continued on Page 7.) ing exchanges, the movement of similar suspension of reparations

general

100/9 capital and the

dis payments, which was agreed upon

Arena (t. and o.) 100/3 turbance of confidence if the pay-by the delegates of the creditor ments are made-Reuter.

BRITAIN

to their attainment is built on honest felendship. mutual con- The last vestige of Liu Chen-dence and proper co-operation ; nien's authority in East Shantung between the nations."

If payments could not be made! FURTHER HINT FROM is disappearing with the embarka

in gold, the problem arose of phy-j President Hoover further gument by goods and services and. tion of his troops, 5,300 of which gents that where the immediate there they were met with world salled this morning, presumably for transfer of the next payment in difficulties. If they took the value Ningpo.

dollars involve Josses by both of goods and commodities at the are expected from Laichow in three days, for sides, America should consider a time the settlement was made, It which six transports are awaiting proposal to accept the transfers took at least twice the amount of

in foreign currencies.

Further troops

Lo

convoy them to Cheklang

Reuter,

YOUNG AIRMAN'S

PROGRESS

SAFE ARRIVAL IN FRANCE

CHANCELLOR STATES A FEW FACTS.

London, Nov. 23.

Governments at Lausanne, had an immediate effect in stendying public opinion in all the financial centres of Europe and that it assisted to create conditions favourable for the final agreement reached there. DISTURBING coneiDENCE.

al

"Since then, the confidence born that settlement and of the know-

Isthmus ft. and 6.)

100/7 Pahokeo (t, and o.)

Overall (offered)

100/7

Rock Star (offered) Codicil (t. and o.)

100/7

100/0

100/6 North Drift (offered) 100/8 Cloghean (o.) 100/6 Sans Espoir (n.) 10076 Dletum (6.)

100/6

Scardroy (0)

20/1 Lingerie (o. 28/1 t.) 26/1. Gulbeard to. 33/1 t.) 25/1 Epicure (o. 33/1 t.) 20/1 Silver Cnster (0.) 20/1 Apperley (6.) 29/1 Hypestyle (0.), 28/1 Disarmament (0.)

Rockcliffe (o.) Annn (t. and o.)

-Reuter

30/1

40/1

CAYMAN ISLAND

CATCALLS FOR TROTSKY

DANISH RECEPTION OF EX-RED

the

(Our Own Correspondent).

Copyright. Tairgraphle (B4 Telegraph. (Merudgan Ordinance. 2415, molved. Now

x. a, ..)

London, Nov, 24.. M. Leon Trotsky arrived at the end of his journey from Turkey yesterday, when he landed at Esb jorg, in, Denmark, and took the ex press for Copenhagen.

goods to-day to pay the same An important statement on the ledge that no further transfers Political leaders are most divid-amount of money. Therefore the British request to America for across the exchanges in respect of ed in regard to the President's burden was at least twice as great the provisional suspension of war reparations will be required in the debt payments, ponding discussion. near future, has continued to in- suggestion of a Del Commission. to-day as it was then. The position taken up by some

When the debt was fixed at a was made by the Chancellor of Ex-crease, and it seems to us import- certain sum, it was believed that chequer, Mr. Neville Chamberlainant, in the interests not only of this. leaders virtually eliminates all

in London.

country but of the world generally, Britain would be receiving re- in a specchiere it suggested," he that it should not be disturbed at possibility of the debt question be-

"I ng seriously considered by the parations and would be paying

sald. "hat there is further reason the beginning of a discussion which America what was received. present Congress-Renter.

for the

recent weakness of sterling, we hope may prove advantageous NO RECEIPTS AT ALL.

namely, the uncertainty about the to both parties engaged in it.

"We have not yet received any CORNER IN GOLD AND

of the United There was now no question of outcome of our communication to

reply from America but I have no doubt that in replying to getting reparations and he asked the Government America to remember that Britain States in respect to the instalment of the British war debt, amounting

our proposal, the American! was receiving no payments at all. to about £28,000,000 sterling at the Government will bear in mind the considerations I have men- The only question involved at present rates.

tioned, considerations which aro His Majesty's Government has pissive. present was whether the payment

not less Important to that great approved `n grant of £1,000 as a M. Trotsky was shepherded country than they are to all on measure of relief to the inhabi through the crowd by a strong pol this side of Atlantic who desire tants of Cayman Islands in view ice guard and arrived in Copen to see international trade once of the distress and damage caused hagon later in the day when again, more flowing through the old by the recent hurricane.-British there were large crowds anxious ko channels-British Wireless. Warelenn.

| catch a glimpse of" rotek /

DEBT PROBLEM

BUT BRITAIN MAKES NO COMPLAINTS.

London, Nov. 23.

NO GROUND FOR FEAR..

London, Nov. 23. The young South African air-i mun, Victor Smith, who, after be- ing missing for some days has now continued his Capetown to England flight, left Oran before daybreak and soon

A member of the Cabinet, com- due on December. 16th should be

"I cannot see that there is any landed at Perpignan, in the monting upon the American ro postponed until there had been an Pyrenees.

sponse to Britain's war debt over- opportunity of discussing with ground for anxiety or fear on that tures, said he did not make the America the present situation and account. nows that he had reached Avignon. slightest criticism or complaint of of coming to a conclusion in re "His Majesty's Government havo 'made a request that there should be what had happened in America, 'gard to debt revision.

aftor moon

Later the Air Ministry received

-British Worklona;

HURRICANE

RELIEF GRANT BY GOVERNMENT

London, Nov. 23.

་

Dorisive whistles and catcalls greeted the famous ox-Bolshevist # leader from one section of the crowd which lined the quayside" whom the steamer tied up, but the great majority of the crowd was.