1932-12-15 — Page 1

A MODERNLY EQUIPPED

BATHROOM MAKES

EARLY RISING

A JOY!

Dollar on Damaadi- TT on New Yo

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China Building.

Sierpins Post, kid, Street, Hongkong.

The

FIRST EDITION

Library, Supreme Court

Hongkong Telegraph.

Tol, 20269.

POUNDED LADE

No. 18877

# WITAC+XXF THURSDAY, DECEMBER 15, 1932. BATЯ-+

SINGLE COPY 19 CENTS $34.00 PER ANNUM

DUNLOP

is the

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*Booth China Morning Post Bldg." Tel. 24584.

BRITISH RELIANCE ON U.S. ENCOURAGMENT

Revelations in Commons War Debt Debate

"Chancellor's

CONGRESS AND DEFAULTERS

REPUBLICAN BILL INTRODUCED

TO STOP SALE OF

SECURITIES

Washington, Dec. 14. Congress antagonism towards debt defaulters has quickly been exhibited.

A Bill forbidding the entry into the United States of the securities of defaulting foreign governments has been introduced into the House of Representatives by the Republi- ean, Mr. Harold Knutson.

The Bill will also prohibit the advertising of such securities and their transport through the Ameri- can 'mails.

The Wall Street Journal report- ing on market conditions in New

His Excellency the Governor and Ser WINTA urnell snapped at the Fung Ping shan Library at the Uni versity yesterday. (Photo by H.K.U. Amateur Photographe Club).

York, says that the fact that Bri- THE ROUND

tain in paying her war debt instal- ment has strengthened the Stock Market despite the French and Bel- Kiam defaults.

Francs dropped to 3.90316, a new low level Bince 1928. The Belga declined to 13.84. Sterling rallied French bonds are weak. one cent. --Reuter.

SNATCHER SENT TO PRISON

ROBBED A CHINESE

LADY

TABLE

FAILURE RUMOURS

BASELESS

EVEN TERM NOT APPLICABLE

(Our Own Correspondent).

13, 9.40 am,

+Bw Triepen. Copyright, Telegraphic Stranagra Ovilinance, SAP). Becrived, December

London, Dec. 15. Whilst walking in Morrison. Certain difficulties being ex-

after 1 Street last night shortly seven felnek, a Chinese lady was perienced by delegates to

the

the victim of a bag-snatcher who Indian Round Table Conference was this morning sentenced to aeven months' hard fabour by Mr, are giving opportunity to sensa-

ehaned

WHAT AMBASSADOR

WAS TOLD

PAYMENT IN GOLD TO BE MADE

TO-MORROW · ·

IMPRESSIVE OUTLINE

LONDON, DEC. 14.

THE WAR DEBTS DEBATE IN THE HOUSE OF COMMONS WAS CHIEFLY NOTABLE FOR AN OUTLINE OF WAR DEBTS HISTORY BY MR. NEVILLE CHAMBERLAIN.

The Chancellor showed that Britain had previously relied upon United States' encouragement to settle European debt difficulties as the best method of ap- proaching the United States. He declared that never- theless default was unthinkable. It would profoundly affect respect for obligations throughout the world.

Winding up, Mr. Chamberlain said that the gold would come from the Bank of England'e, reserves and would be paid for by the Government, the current There would be not price of gold, in Treasury Bills. increase in the fiduciary issue for the present. There was no division on the debate.

ilerriat.

Concour.

CHINA AIR MAIL

RESUMPTION OF SERVICE

SOVIET LINK WITH EUROPE

(Special to "Telegraph”)

Clix Telegraph. Copyright, Trizgraphin frempre Ordinance, 1106. Received, Poeniter

Shanghai, bec. 15,

5. 2.50 mm)

Russia

the north-west, in which will be the connecting link between China and Europe, ta scheduled to

THE FRENCH CRISIS

AMY COMPELLED TO LAND

BAD WEATHER IN NORTH

AFRICA

Oran, Dex. 14. Mry. Mollison (Amy John-

THREE POSSIBLES FOR son) was forced to land at

PREMIERSHIP

Den-I-Ounit, some 450 Kilo- meters to the south of Oran this afternoon, owing to ex- tremely bad weather,

She will resume her journey.

NOTED RADICALS to Oran soon as the weather

MENTIONED

Paris, Dec. 15.

The feeling of the country in the matter of the war debt pay- ment having been uncompromis- ingly stated in the Chamber, at- Itention has been diverted to the political situation arising from

clears.― Reuter.

PHILIPPINE INDEPENDENCE

the defeat of the Herriot Govern- EIGHT-YEAR TRANSITION

ment on this issue.

The names of three prominent Kadicals are freely mentioned as likely to be France's next Prime Minister. They re M. Paul Boncour, M. Caillaux and M. Steeg.

PERIOD

Paul SENATE ACCEPTS

HARE BILL

Radicals lo form a Government.

M. PAUL BONCOUR.

Neither Bill finds favour. with

The probability is, however, that M. Herriot is likely to be first re- quested to form a Cabinet. If he

Washington. Dec. 14. refuses wa le Lengthy discussion yielded no new standpoint and

most likely, the The Senate to-day approved:" M. Herriot is only the Hore Bill, which was passed' it could not, in any event, have affected the Govern-Closely following the resumption others will try. ment's decision. Criticisms of policy were aimed main of lipomate relations between the likely to re-assume charge of the by the House of Representa Nanking and Moscow Government Government in the event of the tives in April laat and which will ly at Mr. Baldwin's Washington Debt Agreement and the Eurasia Air Mail Line, through failure of one of the three give independence to the Philip- the Lausanne Reparations Treaty, but the speakers

pine Islands within eight years. were unanimous against default.

Presumably the Hawes-Cutting Bill which sought to extend the be resumed this morning,

Two Eurasia planes will take off M. Paul Boncour, lawyer and from Shanghai and Peking sinal journalist, is 50 years of age. He transition period from eight to inneously. The Shanghai pinne, in commenced on his political career, fifteen years will now be dropped,

ct, left at 7a.m. to-day and was in 1898, becante Labour -Minister |

President It will meet the plane from Pek-joined the army and rose to cams Hoover stated a few days ago that

at Mankide ht an.in the Monis Government in 1999, the Administration. Ing at Loyang at two o'clock this mand of a battalion during the it would be entastrophic for the afternoon.

war, was elected to the Chamber Phlippines If either the Hare ord The air mall services which ter-is a Sociallet after Versailles and the flaws-Cutting. Bills were pass-*. minates at Tihwa at present, will occupied himself with foreigned with their presont economie be extended to Taching ап the affairs, being closely identified provisions. Sinkiang-Soviet frontier as soon as with the League of Nations and the construction of an aerodrome the World Court. He held the can be complete there.

War Office portfolio in the Govern- Following the first fight to-day,ment which fell yesterday on the planes will take off nccording to a war debts issue. regular schedule from both sides successively on Tuesday week.

Passengers will be honked after to-day's flight-Reuter.

MR. CHAMBERLAIN'S CHIEF POINTS

to

Britain's

of

a

of each!

FINANCIAL GENIUS,

a

FUTURE RELATIONS.

Col. Hurley, the Secretary of State for War, who some months: ago paid a special visit to the Philippines to make a study of conditions on behalf of the Ad-

The debate in the House of Com-, sent to remission of any part Grantham, at the Central Polier tion-mongers to spread rumours mons was opened with an impres- Britain's debts, and asked that

to the effect that the Conferencesive statement by the Chancellor British representative should Court.

The victim, according to fuspec- has failed.

of the Exchequer, r. Neville to Washington without delay to tor R. Shannon, was in company Not only is there no justifica-Chamberlain. He said that only fund the war debts.

Morrison with another lady in

M. Joseph Calllaax, probably ministration, declares that the Bill uption for statements that a serious by examining the whole history of

THE BALFOUR NOTE, Street when the defendant,

was it possible

France's most brilliant anuncial "constitutes no solution of the

question of genius, has had

future American- pronchine from behind, matched conflict of views has resulted from this affair

In the meantime, the Balfour)

chequered | Philippine relations," career. He was Finance Minister the handbag containing $60. He the deliberations, but, in view of realise how strong was

and the fact that the aim of the Con title to claim revision, how con- Note had been published, saying

in the Waldeck-Rousseau Govern- ran away but was

In the face of the heavy vote in ference is to reach the greatest sistently and persistently suce that Britain favoured writing off, pilention, he recognised the caught by a detective.

ment at the early age of 36, 33 the House of Representatives in great transaction, exion between war

yeura apʊ. He became Prime April and the vote of the Senate, The handbar was not recovered, measure of agreement possible, it sive British Governments. had Mee how the word aged cancellation of reparations the victim allering that the defen- is difficult to

and war debta, how reluctantly the whole body of inter-Allied eparations.

In the following month, at the Minister in 1911 at the age of 148, it is felt that the President cannot ean, in dant had an accomplice who, was "failure"

eireum. any

other countries have neeopled that indebtedness. Failing this, "In no

British but fell over the settlement of the exercise his power of veto.-Router. seen running away, but the ar-stunees, he properly applied to any view, but how stendily they have circumstances do we propose toondon Conference, the ensed informed the police that he, result achieved.

heen forced by hard facts and take more from our debtors than Government again urged the chi Blorocco incident with Germany. had thrown the bag away during

bitter experientes to come closer is necessary to pay our creditors." policy of cancellation, but neither! and eloser to the viewpoint origin- The Note uided:"It will be ad-the ally enunciated by the British mitted that we

for less" Government.

the chase,

PAR LES A

ANGLO-PERSIAN DISPUTE

ON LEAGUE AGENDA FOR NEXT WEEK

London, Dec. 14.

The Secretary-General of the League of Nations, replying to the British Government's communica- tion submitting the Anglo-Persian oll dispute to the League Council, states that the subiect has been placed on the agend of the pre-i Яent EEq¢¢vap

Council; to be dealt with next week.- British Wireless.

ק!!

THE UNDERSTANDING.

The understanding is that when an agreement is reached, it la to e embodied in the Government's roposals, and where the delegates | do not succeed in reaching

AFTER U. S. ENTRY.

through one

con- debts and

American nor French re- can hardly ask presentatives would accept.

BEHIND THE SCENES. At that time, there was due to Britain' from Germany £1,450,- In October, 1931, a communique į

The Laval-Hoover The whole of our war debt to 000,000, from France and other Issued after an agreement. The Government will the United States was incurred European debtors £1,300,000,000, conversations stated that prior to

£650,000,000. the expiration of the Hoover year,; dreide, in the light of its Snow-after America had entered the war. and from Russia

Against that. Britain's debts to some agreement on inter-govern- edge, the discussions, the opinions? Our total war expenditure from expressed and the requirements that amount to £1,111,030,000, of the United States, together with mental obligations might be neces

accrued interest at that time, sary covering the period of the The situation in tudia. whatsirick we found from our own re-i

amounted to £759,000,000. coarse to adopt.

Inurces $234,000,900. We were to There would seem, therefore, no be reimbursed by our Allies for: basis for the rumours which have jur expenditure on their behalf. to time the remainder, namely £815,- en spread from time characterising the Conference as 000.000, was financed by loan from the

the United States. failure.

EXTENDED SESSION.

FUNDING AGREEMENTS.

U.S.

Cailloux.

Steep.

WOMAN WORKER

KILLED

FATAL BLASTING

ACCIDENT

A fatal accident to ♫ woman.. stone-brenker named Man Yau-lan, Taikoktaul, had a sequel at the business depression, and that the

Cowloon Magistracy this morning. initiative should be taken carly

when Yau Fat, the manager of the by the Euronean powers principal-A scandal, followed by the arrest Foo Lung firm of contractors, was of his wife on a charge of murder, ummoned before Mr. Butters for caused his resignation in 1914 and ailing to take the necessary pre- later he was accused of working autions before carrying out blast- for an understanding with Ger- ng operations. many and in 1920 was deprived of

It was revealed by Detective- civil rights for ten years. He Sorgeant Lamont, who prosecuted, re-entered Parliament under the that a woman was killed as a re- 1924 Amnesty Bill. becoming ault of blasting operations at Finance Minister under Painleve Quarry No. 14 at Taikoktaul on

n

Later the United States Government Intimated to the British Ambassador that European reparations settle ment would be the best method of approach with a view revision of the war debt due to America.

Mr. Chamberlain then reviewed by concerned.

funding negotiations! whereby a remission of the debt! was obtained amounting on a basis) The whole of that sum was ex-jof five ner cent. interent, to 28 pended for the purposes of the war per cent, of the original Bgure. On many points, complete agree-n goods purchased in the United Britain also carried out funding. ment has been achieved. On States.

agreements with her debtors, thu. others, it is natural that difficulties

Italian debt, on the same basia,) Whether on munitions blown to being sealed down by 86 and the should crop up. The Conference picces in Flanders or on food con- UNEMPLOYMENT IN at present still discussing sumed by the people and soldiers, French debt by 62 per cent.

GERMANY

GOVERNMENT RELIEF

PROGRAMME

Berlin, Dec. 14. An emergency decrce is now be ing prepared laying down a pro- gramme of rellaf for the un-i employed which will involve the Reich in the expenditure of fifteen hundra million marks" £100,000,000),--Reuter,

FINE WEATHER

(about

to

. LONG EXPERIENCE.

Owing to the remarkable change in 1925. He was responsible for December 3." Police Investiga finance which has presented the for an uniforms worn to rags in the Meanwhile, reparationa had in European public opinion, it the war debt settlement with tions showed that insuffelent pre- delegates with an outstandingly war, the whole of expenditure was begun a downward path, and in was possible to achieve at Lau-Britain and Amorien, but is an cautions had been taken, complex problein.

The police officer said he had just as non-productive as if spent 1926, by he Dawes Agreemont, sanne a success far more complete advocate of the clean slate.

been instructed to ask for a re, The prolongation of these dis- entirely on tanks, artillery or ships. were brought down to a capital than had been anticipated. The liability of about £2,000,000,000, effect was put an end to the

mand till the 19th. inst., when an cussions may result in a few

M. Theodore Steeg is a Radical-onquiry will be held into the cir Very early after the war, the payments at first being made with existing system of reparatiobility Socialist Senator, who had long cunstances attending the days' extension of the original pro-

British Government came to the out difficulty; as the United States the ultimato maximum liabilityxperience first in the Ministry of of the woman.

death gramme, but the Conference is not expected to extent over Christmas,

in respect of reparations is only Education and then as Minister of $150,000,000, instond of £1,000,000, the Interior, a post which he held manded the summons until

His Worship accordingly re

·the 990 as it was left under the Young through all changes of Cabinet 19th fast. Plan.

RUSSIA

conclusion that the payment of were. these great Inter-Governmental Europe, obligations would postpone inde. finitely the economic recovery of

the world. DECLINES

TUTET, MOMSIT AN MANCHURIA ISSUE

Geneva. Dec. 13,

THE FIRST APPROACH

auma lending large

to to which Germany le now exposed

WALL STREET CLASH After the crash on the American Stock Exchange In 1929 and the withdrawal of short term credits!

high, was

ONLY PROVISIONAL.

final settlement on the avot.

from 1913 to 1920. He then went to Morocco, succeeding Marshal Lynutey us Resident-General and

on

Govern-

In 1920, Mr. Lloyd George wrote granted to Europe, it was soon But the Lausanne settlement did not return to Parisian nolitics F.A. CUP RE-PLAYS to President Wilson stating that that reparations were too

only provisional, where. until 1929. In December 30, the British Government had in- and by the final acttlement under as if the United States had been the fail of the Tardieu formed France that they would the Young. Plan they were reduced willing to send a representative to ment, he succeeded in forming a BRISTOL ROVERS WIN The anticyclone remains station It is understont that Rt. Litvinarree to any equitable arrange to £1.600,000,000. Even that was Lausanne, we might have made a Cabinet after Barthou and Laval had, faltpa. It included five ex- ary over China and the depression off has informed the Chinese de- ment for the reduction or can- no good.

In 1931 it became clear that! Anticipating that discusalonsremiers. Briand. Barthou, Ley. in sill indicated to the north-east logation that Pussia will decline cellation of inter-Allied Indebted- of Hokkaido Fresh to strong to serve on the Committop of Nine provided it applied all Germany was handing for bank with America would hon im gues, Painlove and Chautempe, but

the toon.

He said that his Govern- round.

ruptey, and in June 1931, President mediately the Presidential electing the Government was short-lived, Sea. ment would have accented the in-t President. Wilson's reply stated Hoover proposed a moratorium was over, requests for payment në winds, vitation a year ago, but now the that the United States Govern- suspending for one year all inter-between inter-alled delta wore from Shanghai on the 2lat instant at The Emperas of Asin is due hero Invitation is too late-Router. ment was not prepared to con- governmental debts, and, by im-

12 p.m.

monsoon will prevail along coast and over the China

fresh; fine.

Local forecast:-N.E.

(Continued on Page T-);

AT GILLINGHAM Bristol Rovers, Brighton and Tranmere Rovers passed into the Third Round of the F.A, Cup by Results and the revised draw will winning their replays yesterday::

be found on Pago Eight..