1933-05-25 — Page 1

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The

FIRST EDITION

Library, Supreme

Hongkong Telegraph.

Tel. 20269.

FOUNDED 1981

No. 14038

四拜禮· 五十月五英港香 THURSDAY, MAY 25.

1933.

BBINGLE COPY CENTO

$30.00 PER ANNI

EMPIRE SHOPPING WEEK

-27 MAY

AT

WHITEAWAYS

PEKING TRUCE PUZZLE NO NEARER SOLUTION

Shanghai Believes Agreement

LITTLE ENTENTE IN REVOLT

THREAT TO LEAVE LEAGUE

THE FOUR POWER PACT CRISIS

Geneva, May 24.

An acute stage has been reach- ed in the hostility aroused among the smaller Europe States as a

Has Been Reached

INBRUCHARZTFLYGESTERNCHENNAI-HAT!

U.S. NAVAL ORDER TOKYO

RESCINDED

NO REDUCTION IN FLEET STRENGTH

Washington, May 24. The plan which was any nounced last week for the placing of one-third of the ships of the United States Navy on "rotating reserve" has been abandoned. of least for the present. Renter

result of the Four-Power Pact 162 21 3053202806 3 12975) BEZENTĒZATE proposal.

The Little Entente Powers and

Poland preserved silence as long

as they believed that the chances

of the conclusion of the Pact were negligible. The agreement reach- ed at Rome has precipitated

in Geneva.

erials

It is reported that Dr. Benés, the Czecho-Slovakian leader, has toll

Sir John Siman that if the Pact is

NEW PEACE FORMULA

SECURITY PLAN STRENGTHENED

signed all the members of the U. S. COMMITMENT Little Entente will leave the League of Nations,

IN EUROPE

London, May 21.

DENIAL NOT

| EXPLAINED

GENEVA DEFINES ATTITUDE

(Special to "Talograph")

Telegraph, Copyright, Tilegraphia Mrxangen Ordinamer, 171E. Brceived May

Shanghai, May 25.

The denial by the Japanese War Office that a Sino-Japanese truce agreement has been reached haa caused much speculation.

Mr. J. P. Morgan.

A SERIOUS FAIR PROBLEM

Despite the denial, however, thei belief persists in Shanghai and elsewhere that' an agreement for the ressation of hostilities has been reached, us reported from Peking. OVERRUN BY HORDE

The truce has been received by

business men, Chinese and foreign,

as n welcome relief from the sus- pense of the past fortnight, bei Chinese circles continue to em- phasise that it is merely local The private discussions which

A new draft of the formula for military arrangement does not in have followed the agitations. re-

Consultative Pact for the any way affect the Manchurian garding the fact in the past two ne three days are believed to be exer-preservation of peace was present-issue as a whole.

of Chinese bonds, reflecting the rising a strong, if corert, influence ed to the General Commission

at general optintisi, continue their on the disarmament deliberations, the Disarmament Conference

upward trend.

FRENCH WISHES.

Geneva to-day by Sir John Simon,

It represents a modification of! the security section of the British draft convention.

MIXED FEELINGS: M. Paul-Bonesur, the French

Meanwhile, the reported conclu- Foreign Minister. had a long con-

sion of a truce has ben received versation with Sir John Simon

The most important articles of with mixed feelings by the Chinese this evening, debating the entire the new draft propose that, in the newspapers. situation which has developed event of a breach or the threat of The Sin Wan Pan expresses the from the French disarmament ata breach of the Pact of Paris, the opinion that if the reports are true, titude and the opposition of the League Council or the Assembly, it will mean the abandonment of Little Entente to the Four-Power or one of the parties to the China's policy of continued resist Pact.

convention not members of the ance,-Reuter, League, may propose an immediate consultation between the Council or Assembly and any of the said parties.

According to French sources, The British Minister opposed any reference to Article Sixteen (the Sanctions Clause) of the League Covenant in the Four-Power Paci, while M. Paul-Bonequr are press. · In the event of a threat, of al ing very hard for some reference breach, it shall be the object of thereto, with a view, inter alia, to the consuliation to exchange views making the Pact more palatable for the purpose of preserving the to Poland and the Little Entente. pence.

Meanwhile, commillee work on In the event of a breach, the the British Draft Convention con- | pbject shall be to use good offices

for the restoration of peace,

RESPONSIBILITY.

tinues.

tion.

AGGRESSOR DEFINED.

LEAGUE ATTITUDE

DEFINED

OF COOLIES

STATEMENT BY SECRETARY

There regrettable aspect | of the Empire Fair which open- ed yesterday, that no provision has been made for excluding the coolic class29.

Much inconvenience was caused during the day by the influx of thousands at the Peninsula Hotel where they resorted, to many of their objectionable habits to the annoyance of others who were genuinely interested in the event.:

After the opening ceremony there was hardly a chair vacant! on the first floor; coolles lying! back in them enjoying probably for the first time in their lives, the pleasure of a padded sent. Chidren ran everywhere and even! CHINA'S RIGHTS. ¡ found their way into many of the;

private quarters in the Hotel. They Geneva, May 24.

are, of course; not really interest-j News of an impending Sino-ed in the Fair except from the Japanese armistice has caused no point of view of curiosity, surprise at Geneva.

TOO LATE.

It has become increasingly evident of late that there was no When our representative got in- posibility of China maintaining to conversation with Mr. M. F. the struggle militarily against Key, honotary secretary of the Japan's superior organisation and Fair, to find out if any steps were mechanisation.

being taken by the committee to wel-prevent a recurrence, he was in- come the report that bloodshed will formed that it was too late to

Įremedy. It now.

League circles, therefore,

be ended.

The definition of an aggressor has been laid down by the "Secu- If it proves impossible thus to rity" sub-committee established to restore peare, the object shall; examine Part One of the Conven- then be to determine which party or parties to the dispute are to The Committee has reportedbe held responsible, enumerating five actions con- Sir John Simon explained that

the articles were more strongly) POLITICAL CONDITIONS. stituting aggression, namely, (a) a declaration of war

worded than in the original be- (b) an invasion by armed forces cause for the first time the United there will be any political condi-

It is not yet known whether i without a declaration of war. States had consented to associate tlons attaching to the armistice

itself with European affairs.

(e) a land, sea or air attack on State or its vessels, or its air- craft.

(d) the establishment of a naval blockade of a State's const or parts (e) support given to armed Anda which have invaded another State's territory.

that

It is Interesting to note those definitions are based upon the Soviet's suggestions.

the

JUSTIFIED AGGRESSION: An Annexe lays down grounds upon which active aggres- sion is justified and another Annexo providen for the setting up of a Commission of five members for establishing facts concerns re ported acts of aggression.-Router.

EMPIRE DAY LUNCHEON

VALUE OF OTTAWA

Mr. Norman Davis said the United States proposed to sel forth its policy by a unilatérali declaration in a form somewhat similar to the following:

U. S. ATTITUDE.

"Recognising that any threat of

agreement.

The main part of the Fair," Mr. Key sald, is exposed to the (Continued on Page 3)

MORGAN INQUIRY SENSATIONS ·

AMERICA ASTOUNDED BY LIST OF NAMES

POLITICAL STORM BREWING

(SPECIAL TO THE “TELEGRAPH.”)

By Telegraph. Copyright, Telographic Messages Ordinance, 1894. Received, May 25, 9.98 a.m.)

WASHINGTON, MAY 24. SENSATION FOLLOWED SENSATION WHEN THE SENATE INVESTIGATION OF THE AFFAIRS OF THE FAMOUS PRIVATE BANKING FIRM OF J. P. MORGAN 'AND COMPANY WAS RESUMED | TO-DAY.

In an atmosphere of subdued excitement, a list of sixty bank officials and directors under obligation to the firm was read, containing names which spread astonish- ment as they were read out. They include

Mr. Richard Whitney, President of the New York

Stock Exchange,

Mr. W. H. Woodin.

SOVIET REPLY TO U.S.

ROOSEVELT APPEAL RESPONSE

QUITE READY TO COOPERATE

The reply of M. Michael Kalinin, chairman of the Central Executive Committee of the U. 5. S. R., to the disarmament

has been received in Washing- tón.

Mr. Mortimer Buckner, President of the New York appdal of President Roosevelt,

-Clearing House Association.

Mr. Norman Davis, America's unofficial envoy in

Europe,

General Charles Dawes, ex-Ambassador to Britain, Mr. Charles Mitchell, ex-chairman of the National City Bank of New York, now on trial on charges of income tax evasion,

In it, M. Kalinin states he feels Aure that the appeal of the American president will encounter warm response from the peoples of the U.S.S.R.

M. Kalinin says: "The Soviet Government, expressing the will of the peoples of Soviet Unlon, bas never coased, at all International conferences in which for over ten

Mr. Myron C. Taylor, chairman of the United years it has participated, to call

States Steel Corporation,

Mr. Woodin, Secretary of the Treasury.

It was stated that a loan of six million dollars to Mitchell is still outstanding, but that General Dawes and Mr. Taylor have repaid theirs.-Reuter.

SENATOR BORAH'S 'CHALLENGE

Wants Mr. Woodin to Resign

(Special to "Telegraph”)

(By Tegraph, Copyright. Telegraphis feasaurs Ordinance, Fel Lirosived May | 254 km),

Washington, May 24.

attention to the necessity for universal disarmament as an in-. dispensable premise for pauco be- Mr.tween the nations, The Soviet Gov. erament itself preposed and sup. ported at Geneva definite projects for universal disarmament, ce- pecially those which provided for. a maximum reduction of arma- ments, at the same time exposin

worthy attempts to discredit the disarmament idea by exploiting it in the interest of the national policies of some States as agains others.

MR. J. P. MORGAN'S

INCOME TAX

Says Payments were Made in England

(Special to "Telegraph"}

By Tetrareph, Copyright. Telegraphic

23, 9,78 4.m.)

of

NON-AGGRESSION PACTS. "The Soviet Government also. proposed and supported measures aiming the prevention or

nt' least the hindrance of any kind of aggression, or any attempt on the part of any State to enlarge Mensagen Ordinanet, 196 Recelord May, its territory at the expense

uthers. The Soviet Government Washington, May 24. concluded pacts of non-aggression. A serious political storm In the course of to-day's enquiry with most of the countries with hearing, it was stated that in con-, which it is in official relations, following the revelation at when no tax was paid, the firm of your proposal for the concluator the Senate enquiry into the Morgan and Company paid of a non-aggression pact by all |G.$11,000,000 in Income tax in countries. The same may be working of the firm of J. P.1029.

Baid of the policy of the Soviet Mr. J. P. Morgan testified that Government in regard to economic Morgan and Company, that

although he did not pay income peace. the Secretary of the Trea- tax in the United States in 1931 "It is common knowledge that, sury, Mr. W. H. Woodin, had and 1932, he paid income tax dur-bearing in mind the economic interdependence of countries on certain dealings with the ing those years in England.

all continents, we proposed at Geneva the conclusion of a pact firm.

It is felt here that China Is. HOPES OF RUBBER appears to be gathering trost to the years 1931 and 1932)and can therefore only welcome

of course, free to dispose of her territory as she chooses.

If, however, China, while sign- ing the truce, nevertheless insists apon her rights in Manchurin and does not consent to recognise

a breach or a breach of the Pact of Manchukuo, the attitude of the Paris is a matter of concern to the League to the Far Eastern situa- signatories,

United States tion will not be affected by any the Government declares that in the such local arrangement.-Reuter. event of a breach or threat (Continued on Page 9.)*

TH

KING'S CHAMPION

HEIFER

AGRICULTURAL SHOW SUCCESSES

London, May 24.

RESTRICTION

NEWSPAPER'S COMMENTS

(Special to "Telegraph"

Telegraphis (By Telegraph, Copyright. Messages Ordinance, 2004 Received May

CURRENCY TRUCE The fact that the

QUESTION

USE OF THE TERM DEPRECATED

tions.

ex-

FAVOURED CLIENTS.

countries concerned but also all other countries, since it adds to the existing economic chaos.

"The Soviet Government," M. Kalinin concludes, "intende con- tinuing its offorts in the spirit of tifs polley. It will willingly co- operate with

governments in-

It was revealed that Mr. Woodin He agreed that the names of Mr. of economic, non-aggression.

"Aggrosalon, "whather military Hugue, May 24.

was formerly on the list of bank William H. Woodin, present Secret- new Dutch officinis and directors under an obtary of the Treasury Department, or economic, on the part of one and Senator McAdoo, former Do the interests not only of the two country against another, affects Premier, Dr. Colijn, is also as ligation to Morgan's.

mocratic Secretary of the Trea- suming the portfolio of Minister to the Colonies is regarded in rub. Senator Borah is leading the at-sury and an aspirant for the Pre- ber producing circles as likely to tack on Mr. Woodin. He declared sidency were among the list of increase the chances of obtaining this evening that the American thoar allowed to purchase stocks the introduction of rubber restric people, in these times, when auch by special arrangement with Mor

tremendous powers are exercised {gan's.--Reuter. by the Secretary of the Trenaury! London, May 24. According to the newspaper Answering a question as to Handelsbad, restriction will be Department, are entitled to whether negotiations were in pro- based on potential production and pect that, ilke Caesar's wife, be Mr. Woodin's position is curious.terested in the realization such He took very little interest in poli-a polley, whether at the Dis For the first time for nearly gress for a currency truce during the opinion in expressed that there should be above suspicion. thirty years, an Agricultural Show the period of the world economic jare niso good prospects of the solu

"SHOULD RESIGN,"

tics prior to his acceptance of armament Conference är of the President Roosevelt's invitation to World Economic Conference." Is bolag held in a London suburb. conference, Mr. Baldwin, Intion to the problem of nativo-pro-

Senator Borah is believed to be become Secretary of the Treasury, Speaking at the Empire Day About forly acres of Wimbledon Parliamont, sold it would be induction-Reuter.

of the opinion that Mr. Woodin although he was popularly sup-

BACK TO NATIVE Ho luncheon, the Chancellor of the Common is being reserved for the convenient to make a statement as

shout resign his position In the posed to bea Republician. Exchequer (Mr. Neville Chamber-show promoted by the North and to any general questions which

|Roosevelt - Cabinet,

has always been a close friend

HEATH lain) sald the Ottawa Conforonco West and Southern Counties might from time to time come SIR JOHN SIMON

The romarkable ramification of Bir. Roosevelt, and like Sanator had set an example and shown a Agricultural Socioty.

under informal, discussions be-

RETURNING tho Morgan business have: attract fuit, he balleves in lower tariffs, The King to-day won two frat twoen the Governmenta' in way towards the view of economic

ad immense pubile Interest to the although he has spent the greater & The Prime Minister, Mr. Ram- co-oporation which would propare prizes and one third in the Here-anticipation of the conference,

London, May 4

Senate's Stock Market, Investigat part of his life as a manufacturer, say MacDonald, loft London by air He doprecated the term surrancy" the road for succoss in an oven ford classes and also the cham-

The Foreign Secretary, Sir John ing Committtee.

He was President of the Ameri- for Lossiemouth this afternoon wider agreement among the peo- pionship prize for the best cow or truco, which cemad to be open to Simon, is due to reach London His counsel at the hearing was can Car and Foundry Corporation and will be absent from London Davis, formerly from 1028 until entering the for about ten days/—British Wire- Imisapprehendon British Wre. from Geneva on Thursday after Mr. John W. Wircicas,

less.

CONFERENCE

London, May 24

London, May 24.