1932-12-02 — Page 1

|PLUMBINGT

IN ACCORDANCE WITH MODERN

ENGINEERING

· 」

PRINCIPLES

DON'T THINK THAT JOD-IS- TOO SMALL FOR

“WARRENS”

Existing Installations Maintained

Moderate Charges.

C. E. WARREN & CO., LTD.

T.T..

Lighting Up

In link China Morning Post, ENL,

Udf08frant, Hongkung.

FIRST EDITIO

Supreme Cour

Hongkong Telegraph.

STRENGTH 2

China Building

Tel. 20269.

FOUNDED 1982

No, 1880

INO VIST FRIDAY, DECEMBER 2,

1932.

一日五初月一十

SINGLE COPT 1 CKWE

216.00 PER ANNUEVA

FORT

DUNLOP

The Tire of Recoid Strength

"South China Morning Post Bldg." Tel. 21554.

BRITAIN'S MOMENTOUS WAR DEBT NOTE TO U.S.

NEW BISHOP OF HONGKONG.-- The Rt. Rev. R. O. Hall, who was re- cently consecrated Bishop of Vic- toris, at St. Paul's Cathedral. He is to be enthroned on December 30.

HERRIOT VICTORY IN CHAMBER

CONVERSION SCHEME

CRITICISM.

Paris, Dec. 1. The Herriot Government secur ed a resounding victory In the Chamber of Deguties tu-day when on opposition motion criüeising the handling of the recent con- version scheme was rejected by 377 vutes to 198,

M. Herrlot maintained that the schemo W13 courageously and successfully carried out-seater.

MR. FORD'S ILLNESS

ONE OF RAREST CASES EVER

ONLY TWENTY IN MEDICAL HISTORY

(Our Own Corresponderit).

ily Telegraph. Copyrights Telegraphic. Alendar Ordinance, 1991. Rarrived, Bee, 2, 9.0 ..

London, Dec, 2.

Exhaustive Analysis of Whole Problem: Not Asking for

Greater Sacrifice Than Britain Has Already Made:

"Ultimately, debts must be paid in goods and services

The British power to send goods to America has been diminished owing to the American tariff. The resumption of payments ould necessitate measures to restrict imports into Britain from the United States.”—The Sting in the Tail of the British Note op War Debts.

RESUMPTION RENDERED

INTOLERABLE

PERPETUATION

OF THE WORLD'S

DISORDERS

London, Dec. 2.

THAT BRITAIN IS NOT ASKING THE UNITED STATES TO MAKE A GREATER SACRIFICE THAN BRITAIN HAS ALREADY MADE IS ONE OF THE POINTS STRESSED IN THE SECOND WAR DEBTS NOTE HANDED · TO MR. H. L. STIMSON TO-DAY.

The true interests of both countries, the Note declares, lie in co-operation for the revival of world trade, and war debts and reparations must be held chiefly re- sponsible for the present crisis.

The suspension of the December payment is essential to enable reconsidera- tion of the whole question in a proper atmosphere of calm and concentration. Pointing out the distracting effect of the transfer of such a large sum at present, the Note shows that the only practicable method of payment would be gold, from the reserves of the Bank of England which are none too large already.

The request for postponement is based on the profound conviction that the re- sumption of the old war debt payments would have disastrous consequel. Sa upon. every nation, not excluding the United States.

Anglo-American discussion would be fruitful for the revival of world pros- perity, and the Note offers to consider, in conjunction with the United States, any convenient method of arranging for the postponement of the debt payment, which would materially improve the prospects of success,

The alternative would appear to be a restriction of imports from America and the reopening of the Lausanne Agreement, so that the whole system of European confidence, now precariously balanced, would fall to the ground.

REMARKABLE NOTE'S CHIEF POINTS

Two pictures showing the Bokus Army camp in Washington before and during the authorities carried out their ruthless «viction campaign. A repetition of such ugly scenet is apparently now threatened.

BRITISH INSURANCE

CASH BONUS DEMAND

"ARMY" AGAIN. ON THE MARCH

CONVERGING OŃ WASHINGTON

THREAT TO INVADE CAPITOL

Washington, Dec. 1. Washington is again threatened with a repetition of the ugly scenes which ac- companied the siege of Con- gress by War Bonus Veterans a few months ago.

The Bonus Army is again on the march, and a threat by their londers to force their way into the grounds of the was by a

day by Mr. Garner, the Speaker of the House of Representatives and the Vice-President-Elect.

FIRMS THREATENED dan which was received to-

CHAPEL WAR HAVOC CLAIMS

GERMANY'S FOREIGN

POLICY

VON NEURATH NOT YET

GOING TO GENEVA

Berlin, Dec. 1. Baron von Neurath. Foreign Minlater in the von Papan Government, is likely to retain that office in any new Cabinet formed.

in

or

the

PAY AT ONCE OR BE BOMBED

NOW CONVERGING. "Hunger-marchers" are now con- verging on Washington from dif- ferent parts of the country to the

SHANGHAI TERRORISTS number of some thousands of men.

ON NEW CAMPAIGN

GRAVE VIEW OF DANGER TAKEN

Shanghai, Dec 2. The violent agitation aris- ing, from the attitude of in-

who are demanding the immediate payment of the Bonus to war veterans.

Mr. Garner informed the advance party, which sent the delegation to

him, that the marchers would not

be permitted to parade in the

grounds of the Capitol.

The Vice-President, Mr. Charles Curtis, refused to receive the delo- gation..

APPREHENSION-FELTA:

He is not, however, going to Geneva to participate Manchurian debate

surance companies towards the

Some feeling of apprehension Is disarmament talku

felt lest the determination of the until the Chapei claimants has taken a Bonus Army to force, Congress to new German Cabinet has been formed, which may not be until

very serious form, which is listen to' them leads to serious next week.

viewed by the police with

clashes and bloodshed.

It is not clear at the moment what effect the decision will

have upon Mr. Ramsay luc Donald's efforts to secure a Ayu power informal discussion at Geneva with the object of secur ing Germany's return to

the Disarmament Conference.- Reuter.

the utmost gravity,

The Bonus Army apparently be- liove that the election of Mr. Threatening letters have been reconsideration of their demands Franklin Roosevelt may lead to a sent to the three leading British for Immediate payment of the insurance companies in Shang- Bonus, though Mr. Roosevelt has hai, demanding the immediate given no encouragement to settlement of all claims in con-Idea. nexion with the war devastated

ummanoma property in Chapei.

The letters were accompanied by

The Note says, that the One of the most important of are in much the same position.

these is the system of inter- Before the Hoover Moratorium. causes of the present world Governmental deists. These debts all reparation and war debts re- commercialceipts of the United Kingdom depression may be manifold, Differ radically from It is revealed that Mr. Henry

Joans raised by foreign Govern- went to cover current payments Ford's illness, which was at first but war debts and repara-mentator productive purposes. due to the United States, and the ARREST MADE ON live rounds of rifle ammunition. believed to be a simple case of tions have been one of the Buch productive loans strangulated femoral hernia and infected appendix, proved to be major causes..

LINER

the

ELECTION STATEMENTS. The situation in the presiden- tial campaign was that Bresident are self- British taxpayer had each year to

Hoover, through his emphatic de- The senders, in making the denunciation of the proposal and his liquidating, but reparations and find from his own resources over

mund, threaten to bomb the offices administration's eviction of ar debt represent expenditure | £80,000,000 for interest on Internal

the of the companies concerned If Bonus Army. from Washington, among the rarest cases in While In some respects it many n destruction. Like the shells on loans, out of which advances of

their demand is not met. medical annals.

be difficult for Governments to bich they were largely spent, £1,000,000,000 were made by Brit- The patient is, however, accord-remedy the world's troubles, cer-bese war loung were

Jost him most of the Veteran vote. MAN "WANTED" IN. blown to ain to the Allies. The interests

Written in Chinese, the letters enough to benefit by the acquisi The Democrats were willing ing to a message from Deroit, contain steps are clearly within their feces and have produced nothing of the two countries, looked at VANCOUVER · emanate from the so-called "Pre-tion, but they found Hoover and valescing with amazing rapidity. powers and their responsibility. to repay them.

from this standpoint, ure the same.

pared-to-Die Group of Calamity his orators reminding the country Dr. Roy McCovery, who per-

The vast requirements for the

Acting on information received Sufferers of Shanghai." In the long run, international formed the operation, said that purposes of the Great War for ex-

But even a partial recovery of from British Columbia, police

that a Democratie House had passed Mr. Ford was found to have ceeded any normal means of pa.. debts can only be paid in the form business activity in the creditor officers boarded the America Mail

the Bonus and continually prod- countries would result in ad-ner President Taft near Lyemoon | gangrenous appendix, which was ment, and could only be fina; sed goods or services. strangulated in the hernial sac.

It may be recalled that the ding Roosevelt for a statement of Creditors, insofar as they have/ditional receipts from taxation, Fassage this morning, and arrest-damage claims have not been paid silent, they would have been able by loans from producing countrica. ¡

his position. If he had kept There were, he said, only twenty These were taken not in money adopted a commercial policy pre- which would compensate their ed a Chinese passenger.

as the policies issued did not comparable cases in the literature but in goods.

venting payment. In goods, have Exchequer many times over for Although the police are reticent,Include a cover for war risks.

to frighten conservative business of medicine.

Luans made to the Allies by the compelled their debtors to pay in the loss of revenue involved in the it is understood that the man has

This is the first

interests, and overburdened tax- been detained upon an extradition local history

time in United States, Britain and France gold.

that this form payers. If he spoke up and op- together reached the colossal;

warrant from Vancouver, where, of organised terrorism has been poned cash payment-aa he Was It is stated, he is wanted upon a directed against foreign firms. totul of over £1,000,000,000,

certain to do if he spoke at all- he in turn would antagonise the veterans.

STOP PRESS

afon.-Reuter.

This has led to a drain on thei

revision of war debts,

WORLD DISORDER.

gold reserves of many countries i It will not profit a creditor charge of murder. The pasenger, For a time, payment of repara- and has forced down the price of country to collect, a few million who is said to be travelling under tions and war debts was rendered commodities in terms of gold city-pounds or dollars if it thereby an alias, boarded the ship in possible by the flow of investment rencies, causing widespread ruin perpetuales world disorder. America. capital from the United States toto producers in debtor and creditor Continental Europe.

countries alike, and seriously in- creasing the burden of commercial tiebts.

INTOLERABLE.

And a new war debt settle-}· ment, however generous it may

war

NOT COVERED.

POLICE GUARDS.

R.

It is probable that police guards

Roosevelt finally declared him- will be placed upon the threatened self, briefly and as shrewdly na buildings.

possibles "I do not see how, as A number of disorderly scenes a matter of practical sense, IN have already occurred in con-government running behind two

nexion with the claims of property billion dollars annually can con owners who lost their all in the sider the anticipation of a bonus Chapel fighting. Including an at-payment until it has a balanced tack upon one of the office build budget, not only on paper but WORKings of the Municipality of Greater with a surplus in the Treasury."

Shanghai,during which

the-Router. Chinese police were compelled to fire on the mob.-Reuter.

SURPLUS SUGAR STOCKS

F. A. CUP REPLAYS

Q. P.R. AND YEOVIL IN NEXT ROUND

Washington, Dec. I. The renewed British request for

ILLUSORY PROSPERITY.

seem, would be repaid again and M. DOUMERGUE postponement of the December in-

again by the contribution it would But the prosperity of the years!

LONDON stalment of the

make to the peoples of the world,{ war debt op-| 1923 to 1929 was largely illusory. It has rendered intolerable the fand particularly those of the parently made little impression to-Towards the middle of 1931 some-peculiar burden of unproductive United Kingdom night on

FLSA the

two Congress. Republican thing like panic prevalled.

war debts. and Democrat leaders, clung to Since then, the world has been. The withdrawal of credits from unite in co-operation to make the

greatest creditor nations, if they ANGLO-ERENCH their previous positions and also Iving under repeated shocks Germany

and tho connegoen first essential step towards nyert

FOR PEACE predicted the defeat of any pro- which have completely undermin- movements of enpital forced the ing disaster, Ananelal, economic posal to create a Debt Commla-ed the confidence on which the United Kingdom to abandon the and political.

system at private investment de- gold standard, with worldwide re-

(Our Own Correspondent), pended..

sults. Thus we feel that the

BRITISH PAYMENTS, effects of these unnatural trans-

(By Telegraph. Copyright.” Telegraphic) Syndey, Dec. 2. Currencies are threatened with fers have gravely accentuated the The Note reculla that British for Car Received Dre

collapse,dificulties of all five Continenta.

expenditure'' amounted The town is in the usual Test Instability, if not with

to . a.m.) £2,400,000,000 of which only about "-

London, Dec. 1. fever. There was

a very large and the controls and restrictions crowd present in cool weather when intended to remedy, the trouble revive until an end has been put ing from the United States Govern- France, and Madame Doumergue Confidence and credit cannot one-third was fluanced by borrow- M. Domergue, ex-Fresident of Woodfull won the toss and elected have merely aggravated it.

to these attempts to force the ment Approximately £600,000,000 were warmly recolved on their ar- to bat. The Australian team is Everywhere taxation has been stream of capital uphi!).

was obtained by the sale of gold rival in London to-day. Woodfull, Ponsford, Fingleton, ruthlessly incrensed and budgete

and securities. McCabe, Kippax, Richardson. Old-are in deficit or are balanced with

The International Council have defeating Dartford by four goals The ex-President later spoke at decided to liquidate the surplus to two at Yeovil, while Queen's In addition, the British Govern- a dtuner of the United Associa-stocks of sugar in accordance with Park Rangers eliminated Merthyr field, Grimmett, Nagel, O'Reilly. ever-increasing difficulty, The Referring to the possible critic-ment ralaod commercial loans on tions of Britain and France, em the Chadbourne Wall with Hird twelfth man. Eng-world cannot even begin to con-ism that any remission of war the American market, before the phasising the continuance of land's team is: Jardine, Allen, sier how to restore the monetary debts would merely transfer the United States entered the war, to trustful friondship between Bri-have not yet been formulated in the second-round, on December Pataudi, Wyatt, Sutcliffe, Ham-mechanism without which the fability from the taxpayer in the the amount of £504,000,000. Of tain and France as the basis mond, Leyland, Larwood, Arce, modern world cannot effectively borrowing country to the taxpayer the market borrowings in the which to build a Jasting organisa- Verity, Voce. Paynter Is twelfth conduct its daily life, until the in the lending country, the Note United States, 2275,000,000 has tion of world peace.

10, while, Queen's Park Rangora man-Router.

causes undermining confidence, points out that in this respect the been repaid, and in respect of the The distinguished visitors will King and Queen at Buckingham ners of the Boscombe Torquay con- will be away to the eventual win- have been removed. .

British and American taxpayers | (Continued on Page 7.) lunch with Their Majesties the Palace to-morrow.

test.--Router.

IN SAME POSITION.

¿

#

CHADBOURNE

PLAN

APPROVED

The Hague, Dec. 1.

London, Dec. 1. Two more F. A. Cup-tles were do. cided to day, Yeovil and Potters

Scheme. The Town, scoring five goals to one at. specific methods to be adopted the White City.

Yeovil have to travel to Chester' on Reuter.