1933-03-06 — Page 5

AMERICAN BANK CRISIS

SUGGESTED EMBARGO

THE HONGKONG TELEGRAPH.

DISARMAMENT

PRESS GREETS NEW BRITISH MOVE

FALL OF JEHOL at noon.

CITY

ARREST OF TANG YU LIN ORDERED

MONDAY, MARCH 6, 1933.

It is learned, that the vanguard of the "Kawahara Brigade, accord ing to the fast report, was battling its way towards Jehol City from which was hampering aerial re- Pingchuan in a raging snowstorm, conuaisance, although the Japan- ese aircraft, despite the blizzard, New York, Mar. 5.

Tokyo, Mar. 4. were attempting to With the declaration of a bank

reconnoitre holiday in Delaware all of the 48 it can conveniently be arranged was 11.30 this morning. The Chinese City. Reuter.

Jehol City was occupied at the Chinese positions around the States and the District of Colum taken after a report had been receiv- troops are reported to be in full] ed of the proceedings at the con- Forenco from the

ON GOLD

bla are operating either a mora- torium or restrictions on with drawals,

North Carolina and South Carolina are operating with minor restrictions, and Columbia with drawals, while in other States banks are closed.

London, Mar. 4. The British Government's decision that the Prime Minister and the Foreign-Secretary should go to the Disarmament Conference as soon a

had Capt. Anthony. Under retreat and at soos were retiring

More Towns Taken,

Tokyo, Mar. 5.

It is reported from Washington arrival of the legation until the tion of Jehol City the Chinese are the Great Wall.

that President Roosevelt summuned the Democrat Congressional leaders on Sunday to fix the date for the extra session of Congress, while Mr. Woodin, Secretary of the Treasury, also summoned on Sun- Federal day members of the Reserve Board and business men to confer. It is believed they will dis- cuss the banking legislation which the new administration is drafting.

I

Inflation Likely. The New York American's Financial Editor asserts that Washington is considering an em- bargo on gold exports an a first

LOCAL MOTORING.

MISHAPS.

EUROPEANS IN COLLISION IN

NATHAN ROAD

The cars of two European re sidents wore badly damaged when they crashed on Saturday at the junction of Observatory Road and Nathan Road,

Eden who aoath through the two passes of

It was stated in a report made Jehol City messages state that subsequently, that Mr. Atkinson, returned from Geneva spec.al-Haifengkou and Chiehlingkou completing the pursuit of the driving car No. 2922, was travel- y to give the guvernment

across the Great Wall. full account of the proceedings there.

Chinese southward from Pingling along Nathan Road, when his Capt. is returning to Geneva

A message from Chinchow chuan, the Japanese reached vehicle came into collision "with this wee

and will continue to states that following the occupa- Haifengkou at noon and halted at Mr. Luck's car, No. 1778, emerg- lead the British

ing from Observatory Road. Ministers. reported to have fled in confusion,

Both In the meantime the Kawahara His valuable services

cars were extensively last few weeks are the subject of some are reported to have fled from Jehol City, drove the Chinese thrown

services during the mostly to the south-west, though Brigade, going south-westward damaged, and Mr. Luck, who was much commendation from his malul north in the direction of Lunghua, from Lanping after a stiff fight wheel, received injuries to his forward against the terial colleagues and the

including General Tang Yu-lin and then continued in pursuit. head and right elbow, which with his personal bodyguard. They reached Changshangkou, 12 fortunately were of a minor Reuter.

kilometres to the north-cast of character.. Chinese Admission

Kupeikou at noong

When a car, No. 2861, turned

Landsdale into

Street from Queen's Road East, at Wanchai, on Saturday, it struck A small Chinese boy who had unexpected- ly appeared from the footpath. Nanking, Mar. 5.

The boy received minor injuriese. It is learned that the Govern-tained after being taken to the to his left leg, and was not de- ment has despatched instructions Government Civil Hospital for Following the occupation of to Chang Hauch-liang, ordering treatment. Jehol City, it is reported from the defence of the Great Wall and

There is strong impression in rea- ponsible London quarters that if the failure of the disarmament confer. ence is to be avoided a definite suc

hear cost must be achieved in the future

that for this purpose a and fresh and determined initiative. ia) essential.

The far reaching consequences of faliuze

are fully realised in London and it is urgently desired that other governments will co-operate in avold- ing such a disaster and in giving fresh impetus to the vital cause of disarmament.

Japanese aircraft heavily bombed and broke up the Chinese encamp men at Kupcikou.—Reuter's Spe-

Peking, Mar. 4. The Chinese authorities admit, the fall of Jehol City this morn- ing, also that General Tang Yu- cial lin is fleeing from the city- Reuter.

- Chinese in Confusion.

Tokyo. Mar. 4.

4

Continued Resistance.

step in its banking stabilisation and th:

Foreign-Chinchow that the Chinese have continued resistance to the Japan)

programme, while the Daily News reports on excellent authority that the banking legislation will involve inflation.

The fact that Mr. Hull, the Secretary of State, attended the financial conferences held at Was- hington is regarded at Washington, says the associated Press, as in- dicating definitely that a gold em- bargo is being considered.

A New York clearing house an nounces that a member of the banks can use clearing house certificates instead of currency to facilitate the conduct of business moratorium,

The certificates, which will be ready on March 3, are paper based

נו

are

currency

jointly

The date of the departure of the to Geneva is as yet un- It is hoped the leading representatives of the other govern inents" able to take decisions will attend Genova at the same time, so that no delay need he incurred in achieving results which are held to be so essential.

Press Commenta.

fled in confusion, mostly to the ese Reuter, south-west, though some are re- ported to have fled north in the direction of Lunghua, including General Tang Yu-lin with his per- sonal bodyguard-Router.

Spies Shot:

FREE VACCINATION.

AMBULANCE BRIGADE

Tokyo, Mar. 4. Chinese official communiques this morning complain of a vaat REPORT OF LOCAL ST. JOHN number of Chinese traitors sent Chang-Furious With Tang. into Jehol by the Japanese as

The number of people vaccinated sples to cut the Chinese Poking, Mar. 4.

comfree of charge by the St. John the arrest of General Tang Yu-

An order has been issued for munications,

Ambulance Brigade, up to and includ- Twenty of these spies are reing Thursday, March 2, is sa lin, who will undoubtedly be ported to have been caught and follows: executed if he is caught.

Divisions. summarily executed.

Snowstorms Marshal, Chang Hsueh-liang is

are now visiting Chinese Y.M.C.A (Hongkong) 16,043 most furious at the collapse of the almost the entire province (Jeholi King's College (Old Boys). 2.466 Chinese resistance in Jehol and and it seems very doubtful whe King's College (Present Boys) 23,010

part at Kowloon Division Mongkok Division Shaukiwan

Railway

Total.

6.841

0,341

6.332 21.027

19.333

7,540

4,464

South China Division Chinese Y.M.C.A. (Kowloon) 18,671 Motor Chinese Athletic Assaelation 40,082

Drivers

The Government's announcement The Times considers it would be dis- is generally welcomed by the press. astrous if no form of agreed limita tion were reached states reverted to the

and individual of competitive

tragic rivalry The Manchester-Guardian declares

ative armaments. during the the rail of the Disarmament has ordered the sealing up of the ther the line from Pingchuan to Indian Division

ference would hopelessly prejudice the world economic conference. It various passes, so as to compel Sutaokow will play any says Europe politically unstable and the Chinese troops to resist the all-Reuter. fearful, which failure at bank deposits and in effect would create, would be driven

Geneva Japancie. Volunteers attempting Independence Sought by Chahar

puck to get through will be shot. lasued on still more intense nationalism that

Tokyo, Mar. 5. by a gmup of banks. Such

General Tang Yu-lin is belley- a would make international action ined to be at Luanpingsban, in West from Jehel City, the Chahar pro- According to press despatches medium has not been used since an economic sphere almost impos- Jehol, but outside the Great Wall, vince is expected to declare inde-

sible. The fanchester-Guardian in common with several other Journals -Reuter,

pendence from China shortly in especially the

the importance of

order to join the Manchukuo. The New York, Chicago and six achieving results in the conference.

Reuter, The Morning Post says "no sort other reserve banks, but excluding is made in well-informed

quarters in Cleveland and Richmond, have London of the apprehension with hara Brigade vanguard passed closed on account of the bank which the government realize the holidays. The New York Reserve consequences of passible break Bank has closed in order to check down. Chief among these is a dan- withdrawals of gold for hoarding. gerous and unregulated race in AT- Export under the Treasury is maments which, is realized, must known intention" of Germany to

1907.

Communist Demonstration.

Communist demonstrations

01

Japanese Pursuit,

Tokyo, Mar. 4: It is reported that the Kawa-

After

The Only Solution

Canton, Mar. 5. The swiftness of the Japanesc advance into Jehol is emphasized

King's Nursing Y.W.C.A. Nursing Kowloon Y.W.C.A. Staff

1,808

1,471

842

New Territory Stations

4,454

213,085

Tungchangizu, 12 miles eastward of Jehol City at 8.20 a.m., continu- ing the pursuit.Reuter.

in the Observer, which expects Geneva should encourage.-Reuter Pressing Forward,

Japan to stop at the Great Wall, - Special, Tokyo, Mar. 5. The newspaper says that while! Japan and the World open, but only G$5,000 in gold barg ensue from the unless.an

Tokyo, Mar. 6. sharp encounter at day-it is necessary to face the pos- were paid out against gold notes. ment is reached at the conferences" break at Huanshin, the Japanese General Chang Hsueh-liang caus- Japan's withdrawal from the Lea

sibility of resentment against When notifying Geneva of од The Daily Herald says the feeling continued to press the pursuit of Inauguration Day occurred in a few in Geneva is that the Franco-Girman the Chinese from Pingchuan and ing the Japanese to follow him to gue of Nations, the Government. centres. The Communista in deadlock might be resolved, given reached Tichmenkwan, ten kilo-Feking "or the end of the earth," it is understood, has decided to Detroit paraded and demanded the only a reasonable amount of good-metres from the pass through the it seems in essence that the mili- state that, although disagreement immediate payment of sinall de will-British Wireless.

Great Wall at Ifsifengkow-tary lasue is decided, and a din-regarding the best means of main- pasits,

lomatic Issue must now be faced. taining peace and order in the The Chinese disorganisation is Far East has compelled Japan to a cardinal factor in both, now a secede, she will continue to do her f it was eighteen months ago. utmost to assist in international

The solution can only be found co-operation for World peace.- by direct negotiations, which Reuter's Special,

Reuter.

at

REPORT ON Z.B.W.

Unemployed Communists. Chicago went to the City Hall and demanded cash relief and food.

Police and "Reds" met in con- fict in the heart of Pittsburgh, when sixteen were arrested..-Reu- IPT.

.|

►

Weeping Depositors.

New York, Mar. 5.. The citizens of New York have accepted the bank holiday good naturedly, there being little excite ment, but thousands of depositors, some weeping, gathered in front of the closed banks which are guarded by extra police.

Among the hardest hit were the

ACTIVITIES DURING MONTI

OF FEBRUARY

The report on Z.B.W. for last month states that the actual hours which 160.25 were devoted to of transmission totalled 265.25, of European programmes and 105 to Chinese programmes, as follows:

ing commercial news and Church Morning transmissions, includ-

relays, European 56, Chinese 35%.

"speak casics," which have hitherto "Evening transmissions, Euro- been the favourite places for cash- Pean 104, Chinese 60%.

Monthly percentages. Euro-

ing cheques, and the family court.

clearing house for alimony pay-pean 60,41, Chinese 39.59. ments, where estranged wives formed a queue awaiting their sole

One Broadway cinema accepted cheques, and hotels became quasi- bankers cashing cheques for guests. -Reuter.

During the month the following items were broadcast.-Dance programmes 6, European studio

sustenance which had hitherto been concerts 17, Chinese studio con- paid by cheque.

certs, European relays 45, Run- ning commentaries 2, Chinese re- lays 6, European lectures 4, Euro- pean children's programmes 4, Chinese children's programmes 3. New licences issued during February amounted to 103, and renewals of licences during

Gold Standard to Go?

Washington, Mar. 4. President Roosevelt's visit" to

Mr. Hoover was attended by Mr. February to 145.

Ogden Mills, Secretary of the

Treasury, Dr. Moley, President the Bourse is considering the Roosevelt's economic adviser, and inafter calmly.-Rruter's Special.

Mr. Eugene Meyer, President of

the Federal Reserve Board.

President Roosevelt subsequently

No Lundon Business.'

London, Mar. 4. Reuter fa.officially informed that

saw a number of political and finan- there will be no dealings in foreign

cial leaders while Mr. Hoover was exchange transactions in London

loseted with Mr. Mills.

These emergency

conferences

to-day-Reutør.

London Waits.

London, Mar, 4: As a result of the developments

have started numerous rumours. One is to the effect that President. Roosevelt and Mr. Hoover have considered the possible abandon in the banking situation in the

ment of gold payments or an em- bargo on gold exports.

None of the rumours

.

are con firmable, as the meeting was pri- vate and no atatement was issued, Reuter.

Foreign Reactions

WAS

United States, where bank holidays are declared in a great number of atates, including New York and Chicago, the London Bankers com- mittee decided there should be no dealing in foreign currencies day.

to-

The London Stock Exchange Paris, Mar. 4. adopted a waiting policy regarding The American dollar not the American situation and little quoted on the exchange market this business was passing in any direc-i morning, and the banks refused tlon. No sterling quotation on cheques drawn on American banks New York was available this morn- where the moratoria is operative. ingBritish. Wireless,

In Rome the dollar was not quoted for two hours. Dealings resumed late, slightly below youter-

Japanese Action.

Tokyo, Mar. 5.

An emergency conference of

day's rate, but the business was leading bankers has decided to amall..

suspend all operations on foreign,

No restrictions have been placed exchanges to-morrow, owing to the on dollar dealings in Berlin, and American situation. Reuter,

Halt at Great Wall,

Tokyo Mar. 4. The Japanese halted their mur- suit at Linkon, on the Great Wall,

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