1933-04-26 — Page 13

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The

FIRST EDITION

Library, Supreme Court

Hongkong Telegraph.

「POUNDED ON 三拜禮·號六月四英香

No. 18980

WEDNESDAY, APRIL 26,

1933. 日二初月四

BINGLE COPY 19 CENTS

$34.30 PER ANNUM

DUNLOP Fort

In a class by itself

DUNLOP FORT

SUBIDA

MR. CHAMBERLAIN'S UNINSPIRING BUDGET

Mr. Neville Chamberlain.

•

FUGITIVE OIL PROMOTER

DISCOVERED IN SHANGHAI

PLANS TO FIGHT EXTRADITION

(Special to "Telegraph")

(Telegraph, Copyright.

rages Ordinamer.

33, 2.28 ant;}

Telegraphic Mea Received April

Shanghai, April 26.

Mr. C. C. Julian, once a leading figure in the American oil indus- try and now a fugitive from the United States Court at Oklahoma City, has been located in Shang- hai

Mr. Julian is accused of using the United States mails to defraud. He was found at the Metropole Hotel In Shanghai where, it was discovered, he had been registered Hince March 23,

DENIES CHARGES.

he protested its innocence of all

REFUSES TO MAKE EXPERIMENTS

SLIGHT ALTERATIONS IN TAXATION

RIGIDLY ORTHODOX

London, April 25.

THE MAIN ALTERATIONS TO TAXATION proposed by Mr. Neville Chamberlain when presenting the Budget this afternoon were:

A reduction of 2/- per barrel, equivalent to 1d. per pint of beer, the quality of which would be improved; Reversion to the system of half-yearly equal payments of income tax in place of the present system whereby three-quarters has to be found in the first half year;

Reduction in the tax on companies raising new capital from £1 to 10/- per cent.

Reduction from 4% to 3.3 per cent. in the tax on arrears of death duties and excess profits.

An increase of Id. per gallon on heavy hydrocarbon oils, to come into operation from to-night, the yield being equivalent to £2,000,000 n full on the large stocks** of these oil already in the country, Des

An increase to 4/9 per gross in the duty on imported matches with a yield in a full year of £100,000. Increased duty from 6d. to 1/- on mechanical lighters and to 1/6 when these are imported.

Six shillings surtax on British sparkling wines.

EXCHANGE FLUCTUATION ISSUE

£16,000,000

and

The Chancellor also promised, maintained to a very remarkable * considerable. increase in the degree and the Post Ofco deposits In the course of an interview taxation of heavy motor vehicles rose by over the charges against him in the to take effect as from January 1 Trustee Savings Bank business by

The ylold from this, £1,- £1,760,000. United States and expressed his next. determination to fight extradition 730,000 in a full year, would gol

to America to the last ditch.

Referring to the abnormally low to the Road Fund.

rate of discount at which Treasury: He also stated that the machine-] bills could be sold, he thought it He said that he is a Canadian ry of the Import Duties Advisory advisable to take advantage of the having been born in Winnipeg. Board would be applied to presont cheapness of money and

It is alleged that Mr. Julian | artificial silke. jumped bla ball at Oklahoma City on February 5, the day before he was to appear in Court to be tried for allegedly defrauding 15,000 investors in the C. C. Julian. Oll Royalties Company.

BAIL FORFEITED.

MISLEADING INCREASE.

Washington, April 25.

The fact that Mr. Ramsay MacDonald and President Roosevelt discussed the British war debts to America to-day and reached “a basis of clear understanding of the situation affecting the two nations" is disclosed in an official communique, which adds that no plan or settlement in under way but very friendly progress has been made and the conversations will be continued in London and Washington.-Reuter.

Photo taken yesterday following the wedding at St. Joseph's Church of Miss Voronica Butterfield and Mr. Donald Britton Evans, (Photo: Ming Yuen).

VEHICULAR · FERRY SERVICE

PERSISTENT RÚMOUR DISPOSED OF

A persistent rumour that the Board of Trade regula- tlons required the Yaumati Ferry Company to employ European captains and en- gineers on the vehicular fer- ries, was disposed of by the Chairman at the annual meet- this morning.

He stated that a passenger licence was, in fact, granted to the Company a fortnight ago. lle added that traffic re- celpts are highly satisfactory.

EMBARGO

IN FORCE

·NEAR RIOT

IN..

BASEBALL

FREE FOR ALL AT WASHINGTON

SENATORS BADLY BEATEN

Washington, Apr. 25.

JAPANESE RETREAT

CHINESE CLOSE ON THEIR HEELS

|AMERICAN

INFLATION

STORMY. DEBATE IN SENATE

FINAL ADOPTION EXPECTED

(Special to "Telegraph")

(Zelgraph, Copyright. Telegraphie Mr. pages Ordinamer. 2306. Received, Apr 20. Pat num

Washington, Apr. 25. Despite a stormy debate, Presid ent Roosevelt's measure to inflnte' the American currency,-has made a certain amount of progress in the Senate.

The BI is being hotly attack-

ON OUTSKIRTS ON ed by the Republicans, who des-

CHANGLI

Peking, Apr. 26.

eribe it as unconstitutional, and as a measure which would shock public confidence.

The Democrats, however, stout- ly defended it as a conservative The Chinese continue that ad- measure containing no wild_infla- vance along the Poking-Mukden tion but offering sound and roa- souable means of improving the Railway, following closely in the internal price level and giving u wake of the Japanese withdrawal stimulus to trade. from the Luan Ho region. ...

Chinese vangunids are now the outskirts of Changli.

BILL TO BE PASSED. Leaders of the Administration: predict that the Bill will be pask-

It will be in Fed to-morrow.

น. form virtually the same as in its

The railway .track between Shihnien and Anshan, as well as originat

presentation, notwith-

the telephone and telegraph Ungs, standing reports that several com- has been restored and the train promisea are under consideration. service is expected to resume short-

Jy.

".

Chinese reports stute that it is believed the Japanese will with draw to the left bank of the Shih Ho, evacuating both eitniho. and Chinwängtao.-Reuter.

HSIFENGKOW!

RETAKEN

CHINESE CLAIM BIG VICTORY

Notable among those.is the 'say- gcated scheme to eliminate the au thorisation for reducing the gold content of the dollar in return for a more liberal use of silver coin- nge or purchase features-Reutor, STOCK MARKET UNCERTAIN,

A feeling on unearthinty ap- pears to have developed on the New York Stock Echange and

tho. profit-taking was heavy feature of the market, which stood the strain well in the circums tances, though prices declined all round.

The silver market showed a weaker tendency and the price dropped to 30 cents, a fall of 1 cents.

Peking. Apr. 26. Au enormous recovery of ground has been by the the Chinese troops In London, silver advanced at Haifengkow who claim the the ready and forward on complete recapture of important American and speculators buying, positions on this front after a|but after the oficial fixing, Amori-

with battle

theca turned seller and the market

was weaker.

convert a proportion of those The Chancellor of the Ex-bills into long term security in the chequer said the estimated revenue shape of the new 2% per cent. for the year was £698,770,000 and conversion loan now being offered. the expenditure £597,486,000, thus This consolidation of the position leaving a surplus of £1,291,000. would repay any extra interest

A near riot broke out during three hours Expenditure last year was £777 charge that might be involved.

the American League baseball Japanese. 000,000 and revenue was £746,000,-

match between Washington and Both sides suffered heavy The Hongkong dolar remains at 000. The deficit of £32,000,000

the Now York Yankees to-day, casualties in fighting near Nan-yesterday afternoon's quotation; His bail of G$25,000 was forfeit-would be met by borrowing.

adding excitement to an encounter tienmen. Chinese military in 18. 4 d. but the market la casy We have had, he sald, a very ed and the Court issued a warrant But for the war debt payment

which had already been full of intelligence estimates state that in antfelpation of a fall in the for his arrest.

of £20,000,000 to the United States considerable and misleading in-

cident.

thirty Japanese aeroplanes and London silver price to-morrow. The disturbance occured in the 2,000 Infantry troops are engaged The "fugitive" had been for for which no provision had been crease in the amount of the music

STABILISATION. fourth innings in front of the In the assaults there, with little more than ten years a lending made in the budget, the deficit nominal deadweight debt. At the time we have laid the

far. Washington "dug-out," and police success 50

The Japanese figure on the South-West and would been £3,300,000. That re- same

London, Apr. 25. Pacific coast, where he headed a sult, achieved in the teeth of so foundation for a very substantial

only restored order after five attack on the left flank was most The likelihood of early stabilian- many difficulties, should give more decrease in the annual charge for

minutes of "free for all." vast of promotion scheme.

severe yesterday, but neording to tion of sterling and the American con- the service of the debt. This

The qutbreak is attributed to a Chinese sources they were re-dollar is ruled out in London finan- He has retained a prominent solid satisfaction than the

feud which has been existing over pulsed no fewer than five times. cial circles, as a suitablo'rato mast local attorney to fight efforts to templation of surpluses earned in was a permanent gain due to the

war loan conversion, and to other! more prosperous times.

since the Dickey and Roynolds

numerous factors The Japanese also suffered depend upon secure his extradition.-Reuter.

He compared the present pricos joperations.

at Kupelkow, presently unknown. In reference of Government accurities with

On the contrary, the Anglo- came to Gonermal Sun Tien-yin claims the those of a year ago and maintain- equalisation account, Mr. Cham-

American conference has seeming- blows. RUSSIA

recapture of Fungning after a fancial berlain said that the fears that a

ly settled various major differences that the

The Yankees flayed Washington, surprise attack. immense

of benefits would not have been loss would be incurred had not

bianking out the Senators after secured if the Government, had been justified. The account had

London, Apr. 26. piling up sixteen runs. Lazzeri not insisted on a balanced budget. stood the test of experience dur

notched home ing the past year in respect of Russian

The British embargo upon and Gehrig both

imports carna inte runs, and Vanatta was the suc PURCHASING POWER.

some rather sovere Anancial

operation to-night, immediately jeessful-pitcher. Despite the shrinkage of Inter-storms and the exchange rate after the close of the Customs national trade and the continued had

comparatively

office at five o'clock, high level of unemployment, the steady,

CHAMPIONS

FALL BY WAYSIDE

CALCUTTA MAN'S ACHIEVEMENT

ENGLISH GOLF CONTEST

(Special to "Tolograph”)

(Telegraph. Copyright. Telegraphic Ale Magee Ordinamon, 1894, Tisestved, April

London, April 25.

ed

FAVOURITE OUSTED. After eliminating L. G. Crawley, the 1931 winner of the title yester

remained

affair of last summer. On that slight setbacks to the exchange BRITISH PRESSURE ON occasion the two men

RESOLUTION TO BE MOVED.

day, he struck out the 1928 holder, At a later stage he proposed to J. A. Stout, to-day. Stout was the nak the House, to pass a resolu Favourite for the title as he was tion for that purpose. playing over his home course, but

purchasing and saving power of They could not risk a recur- Answering a Commons question the people in Britain had been rence of the same kind of regarding the Moscow trial, Sir difficulties which had driven John Simon said the four Motro- Britain off gold and accordingly politan Vickers engineers who had leave, lo proving himself anything he decided some time ago that it already arrived in England had but a sick person.

would be necessary to make an beon interviewed at the Foreign addition to the resources of the Office and insisted most strong- oxchange equalisation fund. ly that their two comrades, Messrs. Thornton and MacDonald, who were still detained, were as com-

they

them- pletely innocent an Balves.

Having seen the four men him- self, Sir John Simon sold he was A steady downpour of ain

"The House will realise that completely convinced that the ac he was beaten by two holes by there to no connection between cusatiors against them wero ill- provided wretched conditions fi

Espion..

America's action and the Increase founded and that the action of the the English Close Gold Cham-

W. Sutton, the Cheshire artisan in the exchange equalisation, fund British Government in relation to pionship, the second and third

holder previous rounds of which were completed the title, beat the British amateur which was decided upon long the whole matter was entirely at Ganton, Yorkshire, to-day. champion, John de Forest, by four before we had any concepiton Jusitised.-British Wireless

that the American Government The golf nevertheless, was not up and three to play' without Its thrills and surprises Eric Fiddian, last year's winner, might go off gold standard. "Camo niong in unusual number. Bourn,-the-1930 winner, and BoxWe have recognised from the The Royal Calcutta golfer. Hartloy are still in the running first that the President's action Esplen, who is "at home" on sick|—Reuter. :

“[Continued on Pays 7.)

20, but a.m.)

and

IL

of

Miss Lydia Michel i giving a vocal retal in the Root Garden of the The usual dinner dance, therefore, will Hongkong Hotel to-morrow evening.

kot take place.

NATIONAL LEAGUE.

I

I

Boston Philadelphin

E .3.

12

0

FOOTER SEASON NEARLY OVER.

THIRD LANARK AND (Berger homered for Boston and V. MOTHERWELL DRAW

Davis for Philadelphia) Brooklyn

3

0

London, Apr. 25. Now York ..... 0 12

Meeting in the first division of run for the Scottish Football League to. (Taylor scored a home

day, Third Lanark and Motherwell drew in their last but ono, match- of the season, both scoring once.- Reuter.

Brooklyn and Olt replied for the Glanta) Chicago Cincinnati

1

-1

1

1

10 10

0

(Bottomley homered for Cincinnati)

Pittsburgh

St. Louis

(Watkins and Frisch both corod

home runs for St. Louis). AMERICAN LEAGUE.

Now York ... 18 21 Washington

Q

(Lazzeri and Gehrig homered for the

Yankees) Philadelphia Boston St. Louls Cleveland (Pa

2

0

10

1

0

·81

land)

TRADE AGREEMENT WITH ARGENTINE

COMMONS STATEMENT

TO BE MADE.

London, Apr. 25.

Poteworthy that the

com-

munique Issued at Washington is silent concerning War debts, but a statement by President Roosevelt on this subject is expected next woek-Reuter Special.'

VISIT OF AMERICAN SUBMARINES

ARRIVING IN HONGKONG TO-MORROW

Three American submarines, the 8-47, 8-39 and: S-41, accompanied by U.S.S. Canopus, will arrivo in Hongkong from Manfla to-morrow. morning, while the U.S.S. Ianbal, formerly the American Command-" For in Chief's yacht is arriving from,

Shanghai.

“The aircraft carrier Hernios WOR | scheduled to leave for Tsingtao to-morrow morning on her Inst northorn cruise, prior to her de

Mr. Walter Runciman, President parture for Home, but the sailing

of the Board of Trade, hopes to be has now been postponed. The

In position to make statement in the Hormon will be relieved in Eastern: run for Clarohe House of Commons for a trade waters by the HMB Eagle, which

Detroit's game at Chicago was agreement with the Argentine. Is due to arrive here early nokt pestponed owing to snow-Reuters) British Wiralean zum

month.