1933-04-20 — Page 13

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POUNDRI KAS

No. 1981

四拜禮號十二月四英港香

THURSDAY, APRIL 20, 1933.

日六十月三 BINOLE COPY 18.CRNTB.

$30.00 PER ANNUM

UNITED STATES GOES OFF THE GOLD STANDARD

MOSCOW PRISONERS

A PETITION FOR COMMUTATION

SOVIET ACTION

AWAITED

(Special to "Telegraph")

(Telegraph, Copyrtulit. Talegraphie Mca Apri 2296 Received,

Ordinumeri

**

47, 5.29 mont.)

London, April, 20.

It is learned from reliable sources that representations are being made to the Soviet Govern- ment for the commutation of the! prison sentences on Messrs. Mac- Donald and Thornton.

Well-informed circles anticipate' that the embargo placed upon the importation of Russian goods will withdrawn Immediately be Thornton and MacDonald are re- leased,

It to considered that there is a od prospect of success for the farts which are being made.

RAW COTTON.

in-

considerable Meanwhile, terest la being taken in the effects of the trade embargo,

It la pointed out that the amount of Kaw cotton exported from Russin to Lancashire has extend- ed good deal in recent years and that the embargo will affect many interdats in the North of England, apinners, woavers, brokers and -hippers, all being more or less

concerned.

:

EFFECT ON LANCASHIRE.

The big Lancashire Cotton Cor. i poration which uses Russian cot-

President Roosevelt

A HEAVY BLOW TO SOVIET

DEPENDENT ON TRADE WITH BRITAIN

Moscow, April 20.

A serious result of the British embargo on Russian goods is anticipated here.

It is claimed that the Soviet is only able to meet other its

to obligations countries by means of the revenue obtained from the favourable balance of trade with Britain.

Meanwhile, it is learned that the New Zealand Government is to consider immediately. according to Mr. Forbes, the prohibition pf Russian imports. Router,

THAT ROME

VISIT

GERMAN LEADERS RETURN HOME

SECRECY BEING PRESERVED

(Special to "Telegraph")

(Telegraph. Copyright. Telegraphic Mer- Ordinance. FRDS Received, April

Rome, Apr. 20.

ton states that they have found t it vory satisfactory and a good

mixer, but they can do without it

if it rises to any extent.

The protracted conversations A prominent Manchester spin-between Signor Mussolni and the ner, while thinking well of Rus- representatives of the Hitler sian cotton, does not think that Fascist Government have come the embargo will affect Lanca-to an end. shire harmfully in view of the low

Very little is known regarding prices of American raw cotton.-the results of the Reuter.

COMMUTATION LIKELY.

discussions.

Granted Inflation

EXCITEMENT IN WALL STREET

SHARES SOAR: DOLLAR

DEPRECIATION

THE GOLD EMBARGO

RESTORED

(SPECIAL TO “TELEGRAPH”)

(By Telegraph. Copyright, Telegraphic Messages Ordinance, 1894. Received, April 20, 935 am.)

WASHINGTON, APR. 19. AMERICA HAS AGAIN GONE OFF THE GOLD STANDARD. STOCK PRICES ARE SOARING, A POLICY OF INFLATON IS PREDICTED AND THE EXCHANGE MARKET HAS GONE HEAVILY AGAINST THE UNITED STATES.

The pound sterling soared to a record level for eighteen months, the announcement of the restoration of the gold embargo being followed by a rise of thirty cents to G$3.82, although it later reacted to G$3.75.

European gold currencies also shot far above the theoretical gold export point.

The main feature of the surprise development, how- ever, was a rapid advance in the commodity markets and on the Stock Exchange, where the turnover totalled over five million shares, the largest since September last year,

WIDE POWERS FOR PRESIDENT

SILVER'S RISE. ·

Stock Market prices jumped amendment to the Farm Bill.- Captain von Papen, the German from one to cleven points in the Reuter. Vice-Chancellor, departed for inflationary tidal wave which Berlin by train yesterday, Cap- tain Goering few to Berlin to-day. followed the dramatic officiul nu-

Italian official circles, question-nouncement. ed regarding the conversations.

In London, the American dollar Moscow, Apr. 19.

is very erratle and although high Mr. Braude, it is learned, bas

prevailed rubber rates appear to have Wheat, cotton, silver; presented a petition to the Central

in New York, business was donc Executive Committee of the Soviet stoutly maintain that the visit of

There Government asking for com the German Ministers was purely and other commodity prices also in London at G$8.65%. mutation of the sentences passed in courtesy call, but a great deal rose sharply, as the result upon Messrs. Thornton and Mac-of apadework in connexion with speculative buying.

Donald.

ባ

It is expected that the petition will be granted and that the sen- tences will be commuted to life banishment.--Reuter.

outstanding international tions was undoubtedly done.

ques-

FOUR-POWER PACT.

28

DOLLAR SLUMP.

of is a suggestion that control is being exercised in London to pre- vent undue fluctuation.

Silver prices advanced 7/160

Although the dollar has stumped both ready and forward, tho re remarkably in terms of gold ex-oult of a little Ameriean buying It is understood that Captain change value, bankers are of the with small amounts offerings Goering, Hitler's principal licuten- HASTY OR WISE?

well opinion that it is unlikely to re- After the official fixing, the market ant, expressed himself London, April 20.

satisfied with the results of his main at a heavy discount for tong firm with America a strong buyer, In New York, silver jumped from 29 to 314 and the market The embargo on Russian Im-

was firm. ports is welcomed by all the visits and of Signor Mussoli's view of America's favourable London morning papers with the understanding of Germany's view-balance of trade. Reuter, exception of the Newe Chronicle point regarding treaty revision. Captain Goering assured Signor and the Daily Herald.

of Germany's full ac- The Liberal journal consklers it a dangerous weapon, likely to ceptance of the Italian Premier's damage Britain's trade as much act proposal-Reuter, 1 Russin's.

The Daily Herald says the em

Mussolini

bargo will make it harder for the SOVIET AND MRS,

Soviet to do under foreign thrent] what they may do of their own free will.

The Financial Neica considers H "n hasty step."

"TIMES" VIEW.

NORDWALL

STOCK JUMPS.

Washington, Apr. 19. Immediately after President Roosevelt had issucit the

pro-

Mr. stabilise the dollar was the prin- tion of the gold embargo, clamation announcing the restora. The abandonment of efforts to William H. Woodin, Secretary of cipal cause of the sharp rise, the Treasury Department, ad-while the embargo declalon was mitted that the decision could only followed by Stock Market activity, bo interpreted as meaning that which was also stimulated by the the United States had gone off the expansion of automobile produc- tion, some of the companies how Kold standard,

American Cans working overtime, ross more than six points to 70, American Smolting from 20 8/8 Mr. Woodin' stated that re gulations would be issued to per- to 26 7/8, Du Ponts from 4 to 50, mit the export of the gold which United States Steel to 38, East. man Kodaks from 69 to 57% Ts already enr-marked.

Corn Products by five points, and .Legislation will be introduced Allied Chemicals from 884 to (Special to "Telegraph")

in Congress probably to-day, 894. giving President Roosevelt Telegraphic Mes (Telegraph, Copyright.

virtuni inflation dictatorship. An amendment to the Farm Bill

GRANTED RELEASE FROM CITIZENSHIP

The Times ridiculing the trial as farce and mockery of justice, Baya there is little doubt that the doportets owe their liberty to Parliament's passing of the Im- port Prohibition Act, and yester:pes Ordinamet, ##. proclamation is well 2. pom.l day's calculated to open the Soviet's eyes to the damage they are doing to their trade with Britain.- Reuter.

FOKI HEAVILY FINED

Heartved, Avril Moscow, Apr. 20.

EARMARKED GOLD,

A

LOCAL ESTATE

An extraordinary session of the to give President Roosevelt broad Central Executive Committee has powers to inflate the currency granted to the Russian-born Mre has been drafted by Senator MR, LO CHUNG-KUE LEAVES. Nordwall, wife of one of the Thomas and Administration nd-i Englishmen oxpalled from Russiavisers for the approval of Pro- trial, release from Soviet citizen-sident Roosevelt. ship.

be-

Mra, Nordwall expects to come mother in four months time.

his

$470,000

Dictatorship

Mr. W. H. Woodin, U.S. Secretary to the Treasury, who has probably the most difficult task in the Roost velt Cabinet in grappling with the financial crisis.

Lo Chung-kue alías Lo Tack-yin, SILVER FOR WAR DEBTS? lato of 97, Caine Road, who died] Besides Permitting the Pre- on September 15th, 1932; loft local Before Mr. Battera at the Kow-Router.

aldont to issue currency at

ostate aworn under $479,000. loon Magistracy this morning,

discretion, the measure could pro- Yu Yau and Ho Sam, contractor'a

vide for the acceptance of silver Probate of the will of décensed fokls, were charged with unlaw-1

in payment of war debts under has been granted to Lo Kun-un, fully removing and from the billeide in Kowloon City.

The Royal Observatory reports certain conditions, and also for a and Lo Kson-kan, syns of deceased, Mr. Hin-shing Lo, who repre- that pressure has increased slight-reduction in the gold content of of 97. Caine Road. sented both, pleaded not guilty only over North China, but remains the dollar by international agree-

mont or otherwise-Renter. behalf of the first dofondant and highest over South Manchuria.

Local weather Forocnat: admitted the offence on behalf of

MIST OF LIGHT 'RAIN

the second. A no of $100 was North-cast winds, moderate cloudy imposed.

with mist or light rain.

Later.

A D-year-old girl, Yip Yuen, was injured by being knocked down by a It is understood that President torry, in Pitt Street, yesterday. She Roosevelt has. sanctioned "the was taken to the Kowloon Hospital.

SUSPICION

OF JAPAN

·INTEREST IN DUTCH EAST INDIES

OIL SUPPLY FOR WARSHIPS

The Hague, Apr. 19. An allegation thaf Japan is beginning to take a dangerous interest in the Dutch East Indies was made by the Socialist leader, Dr. Mendels, in the Upper Cham ber during a discussion on the East Indies budget.

The speaker drew attention to of oil for her warships and also.

Prince Wilhelm, the on-Kalıor'a favourite grandson, whose engage. ment to a commoner has caused much heartburning at Doorn.

DANCE HALL Japan's need for a regular supply KAISER'S

RAIDED

to her desire to create settlements in New Guinea."

The Colonial Minister, Heer De

GRANDSON

Graaf, replied that the Government BETROTHED

MEN DRINKING IN has vigilant. The same laws, how-

BACKROOM

PROPRIETORS

·FINED

ever, appiled to Japan as to other countries.

AGGRIEVED

On the question of rubber MONARCH OF DOORN striction, the Colonial Minister said that the problem was inter- and only national in character when definite resolution Was

A raid made by the Yaumati taken by those concerned could the Polico on the Cathay Dancing government consider the prac- Academy led to the appearance of tlcability of the schemes submitted- Messrs. A. F. Sheppard and to it-Reuter. D. Powell, the proprietors, before Mr. Butters at the

this morning

Kowloon when

MESALLIANCE”

Amsterdam, Apr. 19.

The ex-Kaiser is reported to be very aggrieved at the betrothal of Prince Wilhelm, the eldest son of the Crown Prince, and bis

they were summoned for selling ANOTHER CLASSIC vourite grandson, to Miss

liquor on the premises without| a licence.

Inspector Booker inid the Pollee were informed that liquor was being sold at the Academy, and, with the vlow to ascertaining this allegation, a sergeant was cent to investigate on April 11. He was able obtain liquer on payment. Another sergeant was despatched two days later and ho also was able to obtain liquor on payment.

FOR AMERICA

WOMAN'S VICTORY

AT EPSOM

(Special to "Talograph") (Telegraph, L'oppright. Telegraphio Mem

20, 437 4.

Dorothy von Salvaiti.*****

Miss vón Salvaiti is a descen- dant of an old Italian aristocratic family, which migrated to Prussia in the time of Frederick the Great. Prince Wilhelm, by his action. has broken the rule of the house of the Hobenzollerna which forbids its members to marry "below, rank."

sages Ordinowe 2005. Revolved, Apra

London, Apr. 19. Another wealthy

American not asked

SECRET HOPE. Apparently the ex-Kaiser was By virtue of a warrant, the

to consent to thle Police raided the premises, and Inspector Booker himself found England's biggest race classics to. mesalliance which bars Prince. seven mon drinking in a back-day when Mrs. Chester Beatty re- Wilhelm's accession to the throne. It is believed that it was the A large quantity of liquor pented in the City and Suburban

Grand National secret hope of the former German 50 Handicap the seized, including over

that Prince Wilhelm bottles of Asahi beor, a similar triumph of Mrs. Ambrose Clark. Monarch

Blout, Mrs. Beatly won the City and should one day become Emperor quantity of Whitrend several bottles of Whisky, gin, port Suburban at Epsom with Great of Germany-Reuter. and brandy.

Scot, which brought off a brilliant surprise win starting at twenty to

room. Was

PLEA OF GUILTY.

one and winning cleverly by a Appearing on behalf of both length from Mr. Benson's Pom- defendants, Mr. R. H. Cole, of mane. Colonel Loder's Colorado Messrs., Hall Brutton and Com- Kid was third-Reuter. pany, pleaded guilty.

IIIs Worship-What is the total value of the liquor seized? ·

Inspector Booker.-About $138.-¡

85.

BISLEY RIFLE MEETING

Mr. Cole. That is a very con- servative estimate.

this

ENTRY

Inspector Booker. That is the CHINA TREATY PORTS| agent's price.

His Worship.-How long has! in dancing Institute boon operation?-I believe it was start- ed last December. It was origin-: ally on the opposite side of the road (Nathan Road) to the Yafun but when Dancing Academy, Yiafun moved out, the Cathay moved in.

A fine of $100 was imposed on ench defendant.

NEW JAPANESE

RAILWAY

GREAT STRATEGICAL IMPORTANCE

(Special to "Telograph")

Telepmphie Lie (Telegraph, Copyright. sages Ordinare, L. Nercives, Aps 20. 7.38 r.)

NEW HOPE FOR DISARMAMENT

GERMANY ACCEPTS BRITISH PLAN

(Special to "Telegraph”)

(Telegraph. Copyright. Telegraphite Blan

Ordinance, edges

Received, April

10, 1.13 p.m.)

1894.

Berlin, Apr. 20.

Germany's support for Mr. Raun- MacDonald's disarmament Sny plan is indicated by Dr. Nadolny, Shanghai, Apr. 20. the German delegate to the Disar China Trenty Ports, after a lapso mament Conference, who declared of five years, are again to be re-to-day that the Conference, by de-* presented at the Bisley rifle meet-

08

ing, four of the most accomplished cepting the British plan shots of the Shanghai Rifle Asso-basis for discussion, has adopted ciation having found it possible to

arrange for Home leave so as to 4 favourable starting point for n be able to shoot there this aun positiva solution.-Reuter, -

mer.

Though entered according to re

gulations as a Treaty Ports team, morning, against, a woman charg- it will be an all-Shanghai represon-fed with begging outside the Hong- tation, three cut of the four be- kong Hotel, Tokyo, Apr. 20.

Mr. Scott said he was waiting in Ing Shanghai Volunteers, and the One of the most important links fourth, a member of the Shanghai in the Japanese system of com- Municipal Police.—Reutor, munications has been forged with

the completion to-day of the line) Kirin-Tanghua connecting tho Railway with Kanel on the Korean border.

Both from a military and com- mercial viewpoint, the now line is

of immense importance as it will

tap a potential market for Japan

FEROCIOUS LOOK OF D.C.I.

BEGGAR WOMAN'S -

"FEARS"

hie car outside the Hotel yoster- day, whon defendant put hor hend in the car and said "Cumshaw, mo foon bik" He got out and she ran away, but was arrested by an Indian constable.

The woman said shoʻran because sho thought Mr. Scott was going to anault her, as "the European had such a ferocious look in his face

Aprovious conviction was 80 goods and in the event of an-

proved, and defendant also admit- other Russo-Japanese War would onable Japan to rush troops Info Mr. W. R. Scott, Director of ted that she had been sont to Can- North Manchuria by a shorter and Criminal Intelligence, gave avid ton last month.

A fine of $10 or fourteen days' safer route than any at present once before Mr. Wynne-Jones In

the Central Polled Court this gaol was imposed. existing Router,