1933-05-11 — Page 1

WARREN'S wli

STOP

THAT

LEAK!

THE LEADING

PLUMBING AND SANITARY

ENGINEERS.

C. E. WARREN & CO., LTD.

China Buliding.

Tel, 20269

Dollar on Demand:—18. 434«mper

"Telegraph"

T. T. on New Ydien24898

Bolging Strükins6Bloguing Post, Ltd., High Watowydd Street, Hongkong.

The

FINAL EDITION

Hongkong Telegraph.

FOUNDED Xeni

No. 13999

ALF THURSDAY, MAY 11, 1933.

日七十月四

SINGLE COPY 10 CENTO

$10.00 PER ANNUM

WHITEAWAYS

WHITEAWAYS

BASIC BASIC VALUE

VALUES

L.4.

TENNIS SOCKS.

White Art Silk Tennis Socks with neat stripe turn- over tops. Various colours. Wonder- ful value.

$1.00 pair.

H.K. PUBLIC WORKS LOAN CONVERSION SCHEME Interest on Six Per Cent. Issue Ceasing at End of July

ADESTRATENZIONISMINISTERHOONELYST PATIENTENCEREMONTIENEN INTENSIFATTE

PLANE FIRED ON

Peking, May 11.

There is little doubt that the plane which flew over Peking this morning was a Japanese machine,

Later enquiries also estab- ished that the city defences fired on the

pinne with machine-guns, but without effect.

The spokesman of the Ja- panese Legation, interviewed, said he had no comment to offer.-Reuter,

JAPANESE PLANE OVER PEKING

FIRED ON BY MACHINE-GUNS

GROWING FEARS OF INVASION

GOVERNMENT'S OFFER

| REDEMPTION OR CONVERSION INTO FOUR PER CENT. ISSUE

TREASURY STATEMENT

A BIG SCHEME FOR THE CONVERSION OF THE PUBLIC WORKS SIX PER CENT. LOAN into a twenty-year bond issue at four per cent, interest, was announced by the Hon. Colonial Treasurer in Legislative Council this afternoon.

The existing loan will cease to bear interest as from July 31 and holders will then have the choice of redeeming the bonds in cash or of converting into the long-term issue proposed.

Public Works Loan of 1927

hundred

UNITED STATES SET FOR

BRITISH. TRADE FIGURES

LOWER THAN LAST YEAR

during

British ports. Apri! totalled £51,510,/09 and ré-experts £3,580,000,

For the past four months the imports, have fetalled £210.072.000 as against £246,980,000, Inst year, and exports £116,115,000 ngainst £127,113,000 and re-exports £16,172,000 agninst £20,-- 757,000.--British Wireless.

OTBORATORISKELBASANTARONSPOLISANL

FINANCE CRISIS IN BELGIUM

EMERGENCY

POWERS GRANTED

CLOSE VOTING

INFLATION

BILL FINALLY APPROVED,

PRICE-BOOSTING MACHINERY

Washington, May 10. The Senate has finally adopted the Farm Relief Bill, including the inflation amendment.

This amendment authorises the President to reduce the gold.con- tent of the dollar and to order al large expansion of currency.

seus ar nuower the The Bill also empowers the

and raise agricultural prices to the level of 1909-14 for wheat, corn, catton, rice and dairy pro- dace, and to raise the price of

tobacco to the average level of 1919-29 by taxing its "processors," as for example the millers, spin- nero, weavers and refiners,

MONEY FOR FARMERS,

The revenue from this source is to be handed over to the farmers to make up the difference between pre-War the present and the prices.

THE TARIFF TRUCE PROPOSAL

BRITISH FORMULA

APPROVED

London, May 10.

The organising committee of the World Economic Con- ference is expected to meet to-morrow to endorce the British formula for the pro- posed tariff truce which hna been approved by the United States. Reuter

zanzar

NAZI FLAG INCIDENT

ANTWERP DOCKERS

BOYCOTT

DISCHARGE OF

SHIP REFUSED

(Special to "Telegraph")

My Teltorph, copyright. Menca Ordinanon, 1891-

Þ.35 mont

Telegraphic Revived Alay

The Hon. Mr. Edwin Taylor., the fat February and 1st August.) Colonial Treasurer, addressing the In order to give security of Council said:-

tenure to bond-hoiders the term of Peking, May 11.

With Your Excellency's permis- the loan will be for 20 years, Anxiety among Chinese sion I would like to make an an-Government not inking power to residents in Peking has been!nouncement regarding Government redeem before 1st August, 1953. further increased by the sterling loan of £1,486,733 matur: the rate of $3.45 per

Loans. There are two, the 3A% A sinking fund will be set up erection of fortifications in ing in 1943 with a sinking fund dollars on the total nominal value. the northern suburbs yester-mounting at present to 2001.The bonds will be issued in de-

Brussels, May 10.

Antwerp, May 10. day and the intensive drill-amounting

A. Bill to grast special emer- to $1,927,000. The moninations of $1,000 and $6,000

A fresh complication has been ing of the newly arrived latior was issued in two instal- and $10,000 at par, payable to gency powers to the Government

The mensure also authoriscs provided for Herr Hitler by an troops from Shengi and ments, $3,000,000 at par on 1st bearer with half-yearly interest has been adopted by fifteen votes

November, 1927, and $1,927,000 at coupons attached.

to eleven by the special commis. compensatory taxes for competing extraordinary incident which oc 4 premiem

As I have already stated of 35% on the 1st

ision which the Chamber appoint-products, including imports." The unexpected arrival of the Novembe, 1928, both issues bearing terest on the existing loan willed to examine it.

President Roosevelt, however, is curred on the arrival in Antwerp cease on 31st July, 1933, the coupon 17th Shenai and the 77th Shanai interest at 6, with n pinking

The measure gives the Belgian understond to be opposed to tax-to-day of a German steamer, dated 1st November, 1953, bearing Armies Is taken to indicate that fund of $333,000 per Annum the Peking authorities, are

still mounting at present to £126,792 interest for three months only, will Cabinet power to make taxation and ing Imports during the tariff

be payable on presentation on or salary changes and to take men- determined to offer the stronger designed to amortise the loan after the 1st August, 1933,

nures to ensure the nation's credit 1st November, 1938. It is with possible resistance at Peking and this second loan that I propose to

and restore the country's finances, Tientsin, If the Japanese advance deal to-day. from Luan Ho upon Peking.

Shansi,

PEKING PERTURBED,

FULLY EXPENDED. This loan was

SILVER DOWN IN LONDON

· FIRMER TENDENCY

DEVELOPS

truce.

MORTGAGE PLAN.

The vessel was the s.9. Watugal, which came into port lying the Swastika tag of the Nazi Party in accordance with the recent in structions of the Nazi Chancellor.

The respons

of the dockers,

The Bill further providea for the refinancing of farm mortgages through a two billion dollar bond issue by Government Land Banks. whose political views are largely The measure has been sent to Socialist or Communist, was a re- President Roosevelt for his ap-fusal to unload the steamer. proval-Brutar,

CONVERSION APPLICATIONS.

Bond-holders desiring to exer cise their option to convert must send notica, of their election In Two thousand Nanking Gover purpose of defraying the cost of kong & Shanghai Danking Corpora- issued for the sufficient time to reach the Hong- ment troops, of 1o Yin-ching certain Public Works and was fully tion in Hengkong by the 11th July, command, left for Chang, Pei expended by the end of 1931. On Halen, yesterday.

SHARE SPECULATION. The Chinese the 1st November lust the Govern 1933, after which date the election officials are apparently perturbed ment had the right to pay off the cannot be recognised without the

A revival of liveliness on the by the characteristics of the Japa-Jean bit for reas which it is

special sanction of the Colonial

Stock Exchange in New York fol- neae offensive tactics and believe unnecessary to detail here it was only given if the Colonial Treasurer fell 14ths in London, both spot passing of the Inflation Bill.

Treasurer which sanction will be that the new attack is the begin- impossible to do so.

lowed the announcement of the ing of a big drive on Peking.

is satisfied that the delay was due and forward, yesterday. Specula-

Rates soared to new high levels removed and Government proposes holder from Hongkong.

These reasons have now been solely to the absence of the bond-tors bought on the decline and and nearly four million shares

after the official fixing, America Passed hands. became a buyer and sales were reported at 18th above the market A frmer tendency was

Chinese dispatches desertbe the

CASH REDEMPTION

In the absence of support, silver

serious destruction at Chienan.

to redeem the loan on the 1st! The Chinese have suffered over 800 killed in encounters with the August next. Interest will conse

The remaining boids will be re-rate, Japanese in the last three days, on 31 July,

deemed for cash on the 1st August. noted. General Wan Fu-lin, who has been

Bond-holders however will be All bond-holders are requested to directing fighting on the Luan Ho given the option to convert

In New York, there was a ten- front, returned to Peking yester-holdings into a new loan bearing redemption as the case may be to mained unchanged at 34%.

their send their bonds for conversion or deney to hold off but the rate re- day to consult General fo Ying-interest at the rate of 4% per the Hongkong & Shanghai Banking The local market is featureless

as possible.

ching.

OFFICIAL ATTITUDE,

Recent statement by Japanese officials have added to the

annum.

NEW LOAN,

NEW AMBASSADOR TO BRITAIN SAILS

Maiden Voyage of the "Washington"

STEAMER PICKETED

The captain sent a telegram to the Watussi's owner at Hamburg, asking for instructions.

He was ordered not to remove the flag.

NAZI BONFIRE OF BOOKS

MR. SOONG AND SILVER

FULL SUPPORT FOR U.S. · POLICY

NO BIMETALISM FOR CHINA

Fil

(Special to "Telegraph")

Telegraph. Congright. Telegraphic Memper Ordinnane. 1306. Received Mou

14. d. p.995</

New York May 11.

China will be in general accord with the silver policy of the United States nt the World Economic Conference, according to Mr. T. V. Soong, who is quoted by the New York Times as declaring that the price to which silver might be raised by international action was much less important than the achieve- ment of exchange stability,

Mr. Soong added that China would not adopt the gold standard and would not make any attempt to establish bimetallism.

WHAT IS TOO HIGH? In response to a question re- garding a posuible upset of Chin- ese trade through too high a silver price, he said that "No one can silver." define what is too high a price for

In reply to a quefy as regards, China's adherence to the proposed tariff truce, Mr. Soong indicated that China was in general nccord with the plan. He added that any commercial treaty between the United States, Great Britain and France could only be interpreted

beneficial China's welfare lay in a general China since

resumption of world trade.-- Beuter.

GA

to

MR. 300NG CAPTIVATED. (Special to "Telegraph”)

(Du Telegraph, Copyright. Telegraphia Seanapes Ordinance, ¡ÏPAS Received May

1104)

Washington, May 10. Mr. T. V. Soong, the Chinese minister at present on a visit here,

collaboration

at

the

The present position is that the ship is lying in harbour not work has promised, the closest sine ing. The dockers refuse to un-American load her and have posted pickets World Economic Conference, to prevent other persons from dis-1

He said that the traditional charging her cargo.-Retter.

Sino-American friendship would be a potent factor in world affairs.

Не complimented President Roosevelt's courage and foresight in manfully handing the most dimcult economic and financial pro- blems which are confronting the United States. Of President Rooss-

"He velt, Mr, Soong said:

has shown a graciousness, candour and friendliness which has completely captivated me. I find him a very Berlin, May 10.

original personality and a tremen- Iluge crowds assembled in the ment of world conditions."

dous force devoted to the better- Opera Square to watch the giant New York, May 10. onfire of "Un-German" books States there is, in essential mat- "Between China and the United The Green Island Cement Com-

The New United States Ambat-staged by the Nazis in pursuance tera, such an identity of interests commence their de-sador to Great Britain, Judge of the campaign for purging Ger- and ideals that the two Govern- pany will

Corporation in Hongkong as soon and the dollar remains at 18. 4d.

Full particulars will be embodied

The new loan will be for an in an Ordinance to be published in fears amount not exceeding $4,927,000 due courge and forms of request SHING MUN SCHEME that the capture of the entire Pek- and will be known as the Public for continuance and for redemption ing-Tientshi area is now contem-Works Redemption Loun 1933, in-will be printed and will be obtain plated by the Japanese, in con-terest being payable half yearly on able at the Colonial Treasury and sequence of the persistence of the Chinese forses.

A Legation ofcial admitted that

"nothing can stop it."

bomber and for a while there was

la danger of panic.

DISAPPEARS NORTHWARD.

The prime objectives of the new campaign are reported to be Kal- gan, Peking and Tientsin. The two After passing over the Temple drives in North China will, it is of Heaven, however, the machine believed, be through Nantienmen skirted the south-eastern section to Peking and down the Peking-of the city and finally disappeared i Mukden tallway to Tientsin. An- towards the north. ather division will move along the Mandarin Road from Chinwangtao.mained at all times at a height

Daring the flight, the plane re-l -Special.

of about six thousand feet and it was, therefore, Impossible to dis- tinguish the marks.

PLANE NOT DEFINITELY IDENTIFIED

Foreign military observers were of the opinion that the machine was of the bomber type and the Garrison Headquarters, while un-

at the offices of the Hongkong & Shanghai Banking Corporation.

CONTRACT FOR G. I.

CEMENT CO.

NEWMARKET SPRING liveries of cement for the Shing

STAKES

wwwwwwww...ak

Odds on Favourite Wins by Half A Length

(Special to "Telegraph")

Mag. Ordinance, 187

(Bly Telegraph, Copyright. Telegraphia

0.57 0.m.)

Breized May

London, May 10.

off

Mun Gorge Dam project in Decem- ber next, according to an official notification of the Government re- ceived this afternoon.

The statement rends:

"The Government has decided to award to the Green Island Com- pany the contract for the first year's supply of cement for the construction of the Shing Mun Gorge Dam,

"Deliveries will commonce in December next.".

Peking, May 11. jable to make a positive statement The Nowmarket Spring Stakes FEDERAL RESERVE General alarm was caused on the point, considered that there for two-year-olda avas run

was litle doubt that the visitor) to-day, when Maureen won a among the Chinese popula-was a Japanese machine.

thrilling race from Flying Coot

tion early this morning when In the absence of definite know- by half a length, while a neck se- a large mystery aeroplane, my rumour are in circu- and the sky is being scan- made an appearance over the net for other machines.-Renter city.

There seems little doubt that the machine wEN a giant Japancso Combing plane and it may be sup posed that the flight was carried out to demonstrate the peril of Ignoring Japan's warnings.

CHANGLI LOST.

Paking, May 11. Chinese circles confirm the loss

parated Flying Coot from Flying Home colt who was placed third.-

Ten ran and the belting wor 8/13 Maureen, 20/1 Flying Cool, 7/1 Flying Home colt-Router.

FAIR WEATHER

MR.

GOVERNOR

EUGENE BLACK APPOINTED

(Special to "Telegraph")

(Special to "Telegraph”)

(Dj Telegraph, Copyright. Telegraphic teamges Ordinanes,

Received May 31, 8.38 a.m.)

1101.

BIG DEMONSTRATION IN BERLIN

Worth man literature.

and

Uniformed

students

ments will be able to co-operate cacorted unreservedly to bring about a re-

Robert Bingham, with his wife daughter, anfled anloads of the doomed books turn of confidence and general

which were accompanied for England to caricatures of Jews, including a

by prosperity to the world.Router. day aboard the bust of Doctor Hirschfeld, known American luxury throughout the world for his works, liner, Washing on sexual psychology.

ton;

which proceeding upon

As the books were consigned to

her maiden vo the flames the names of the au- yage across the thors wero read out amid the Atlantic.

cheers of the throng.

In private life, A similar Auto-Da-Fe was held

LUNCHEON PARTY. (Special to "Tolsgraph")

Mesopes Ordinance.

illy Telegraph. Copyright. Totagraphic

1874 Received 844_a.m.).

Washington, May 10.

Alex

Mr. T. V. Soong, the Chi- nese Finance Minister, was

Mr. Bingham is in Frankfort-on-Main before entertained to luncheon to-

a publisher and crowd of 10,000 spcctators.- newspaper pro-Reuter.

prietor. He is a

member of tho

American, Kentucky and Louis- CAUSE OF WEDDING ville Bar Associationin. Renter.

REDUCTION OF TARIFFS

London, May 10.

· POSTPONEMENT

LATEST REPORT OF PRINCE WILHELM'S ROMANCE

day by the American Secre- tary of State, Mr. Cordell Hull.

Among other prominent Govern- ment officials and Chinoso dole- gates present were Mr. William II. Woodin, the Secretary of the Treasury, Mr. Roper, Secretary of Commerce, the Mexican Ministor of Finance, the German delegate, Schacht, as well as American

Mr. Tou

Dr.

Mr.

of Changli after heavy fighting.

Cologne, May 11. (By Telegraph, Copyright. Telegraphis

The Primo Minister in tho Chinese manages also report

Micaansa Ordinamet, 1985.

Hanfred May House of Commons gave an asaur Wilhelm's

The postponement of Prince other, exports, Including Dr. to Miss Wire 820 vir and Mr. Authur marriage The Royal Observatory reports 11. 8.31 «m.} extensive Japanese preparations that the anticyclone is now centred

ance, in answer to a question, that Dorothes von Salviatt until Juno Young. Washington, May 10: along the whole extent of the in the vicinity of Shanghai, and 4

Mr. Eugene Robert Black has it was the Intention of the British appears to be due to the inability Subsequently, Mr. Soong and The machine was first sighted Gront Wall and a big extension of depression is

Government to ondeavour at about 6.29 a.m. and most obser-, the operations, with the capture across Bouth Manchuria.

to of the bride's oldest brother to the Chinese experts called at the moving eastward been appointed Governor of the

Federal Rezerve Board, succeeded secure at the World Economic attend the ceremony if the wedding State

Department for further vers immediately jumped to the of Peking as the objective. Ja es-

winds, Mr. Meyer, the present Governor, Conference a gonoral reduction of had have been held, as originally conferences Local

with Mr. Hull

· Fnat

BULAN