1933-06-02 — Page 13

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Hongkong Telegraph. DUNLOP

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· FOUNDEŊ' 1881

No. 14014

五拜禮 魏二月六英港香 FRIDAY, JUND 2, 1933.

日十初月五

China Bullding,

Tel, 20269.

BINGLE COPY 10 CENTS $10.00 PER ANNUM

Fort

TYRES

are made for those who prefer SUPERLATIVE QUAUTY

MORGAN COMPANY'S FAVOURS TO NOTED CLIENTS

WAR DEBT ISSUE FOUR-POWER PACT

SPECULATION

BRITISH CABINET'S

UNCERTAINTY

TO PAY OR NOT TO PAY?

LONDON, JUNE 2.

WITH ANOTHER WAR DEBT INSTALMENT

DUE TO THE UNITED STATES WITHIN A FORT NIGHT AND NO STATEMENT FROM THE OTHER SIDE OF THE ATLANTIC REGARDING THE AD- MINISTRATION'S PROPOSALS, THIS PROBLEM LOOMS LARGE AMÔNG TOPICS OF THE DAY.

In connexion with Mr. Neville Chamberlain's answer in the House of Commons last night, when asked the Government's intention, replying that it was unde- sirable to make a statement, it is understood that the Cabinet has not yet taken a decision on whether the in- stalment is to be paid or not.

it in not yet known in England | whether the United States intends to insist upon the payment, and it is not expected that the feeling of uncertainty will be removed until a day or two before June 15, when the, instalment payment falls due.

SENSE OF REALITIES,

from

hennwalic, an interesting debate on this subject is reported Washington as having taken place in the Senate yesterday, giving rise to the hope that feeling in United States is changing to a more accommodating frame of mind.

the

A keen sense of the realities was shown by Senator Tydings, of Maryland, who proposed that America's debtors should be invited to make a lump sum payment in full settlement of their debts.

He paid apccial reference to Britain's position and

DOCUMENTS

TO BE PUBLISHED AS A WHITE PAPER

London, Jung. 1.

Sir John Simon informed the Commons to-day that the Four-Power Pact documents, showing detalls of the proposal agreemerit. would be printed as a White Paper. The exact form of the documents was not quite decided. - British Wireless.

NIAGARA

DEAL EXPOSURE

FREE GIFT OF $7]

A SHARE

A NEW LIST OF NAMES

7

Washington, June 2.

A further list of favoured cus- tomers of J. P. Morgan and Com- has been issued, in connexion with the salo by the Niagara-Hudson stock,

FENG'S LATEST and units

EXPLOITS

DETAINING ALL COAL TRAINS

of

The largo issue was sold by Morgan's at renty-nine dollars per share in 1929 when the market price was $36 per share, giving them an immediate profit of $7 per share.

Museum, South Kensignton, where An interior view of the Geological the World Economic Conference will be held; It shows the Great Hall where the plenary session will be held.

The list of favoured customera in this transaction includes Mr. ANTI-JAPANESE Owen D. Young, Mr. R. B. Mellon,

and ir. Harvey Couch, who is now WORLD a director of the Finance Recon- struction Corporation.-Reuler.

ACTIVITIES

Peking, June 2. Local railway circles state that

FORD COMPANY General Feng Yu-hsiang, who

LOSSES

ASSETS SHRINK BY G$70,000,000

THE BALANCE SHEET

(Special to "Telegraph”)

Ty Telegraph, Copyright. Telegraphic Nieuwagen Ordinance, 1891. Received Mor 14. 8,15 a.m.}

New York, June 1.

MORGAN ENQUIRY COUNSEL ATTACKED.

CONFERENCE.

SILVER AND GOLD

U.S. DELEGATION ATTITUDE

Washington, June 1. recently assumed the post of Another sensational develop- Commander-in-Chief of the ment of the Senate's investigation "Peoples' Anti-Japanese Allied into the operations of J. P. Mor- Forces" is now detaining rolling day, apparently sponsored by gan and Company occurred to- stock of the Suiyuan railway.

those who have been endeavour- It is stated that at present ho counsel whose handling of the ing to discredit Mr. Pecora, the fins detained all the coal tralus case has aroused much criticism. which export produce

from the Tatung mines, while all trains Mr. John Hackett, who describ passing through Shuanhun are ed himaclf as a former Special

(Special to “Telograph") boarded and closely searched

by Deputy Police Commissioner in troops of Fang Chenwu and New York City, called, upon the Magen Ordinace, 1494

(Dy Telegraph, Copyright. Feng-Reuter,

Senate Banking Committed to file 14 m.) jcharges against Pecora,

STATEMENT TO BE ISSUED

Shanghai, June 2,

unld he A startling shrinkage in the would welcome any genius who is assets of the Ford. Motor Com- able to show how Britain, with pany. is revealed in a tentativo only G$4,750,000,000 in gold can balance sheet published to-day at ing the Nanking Government's pay G$4,000,000,000 when we (the Concord, New Hampshire. United States) will not their goods.

accept

ROBINSON STATEMENT. The Democratic leader, Senator Robinson, said that the President reallaes the difficulties inherent in the collection of the debts, but there

HOPE FOR BROAD AGREEMENTS

Telegraphis Received June London, June 2 Interviewed by a special re-

LINERS COLLIDE IN ELBE RIVER

PASSENGERS PUT INTO BOATS IN NIGHTWEAR

CREW CASUALTIES

LONDON, JUNE 1. THREE ARE MISSING AND SEVERAL IN- JURED AS THE RESULT OF A COLLISION BE- TWEEN THE UNION CASTLE LINER, GLOUCES- TER CASTLE AND THE BLUE FUNNEL LINER, STENTOR, LAST NIGHT.

"Great excitement prevailed aboard the Gloucester Castle which was badly holed and began to settle in the water very rapidly.

The passengers were violently awakened from their sleep by the shock of the collision. They were hurriedly marshalled on deck and put into the boats in their night attire, there being a serious risk of the ship sinking.

The collision occurred in the mouth of the River. Elbe, near Cuxhaven, dúring a dense fog..

AMERICAN GIRL KIDNAPPED

The Guildford Castle was pro- ceeding from Hamburg to London and the Stenter was inward bound, from London to Hamburg.

Both vessels were creeping slowly through the fog, their. difficulties being complicated by

Surprised While Taking the darkness of the night,

Her Bath

Kansas City, May 28.

HOLED ASTARBOARD. The Union Castle liner took the full shock of the collision, the Stentor's bows striking her star

Miss Mary McIlroy, daughter of board bow ripping a gaping hole Judge II, F. McElroy, City Mann-in her plates, through which, the ger, returned to her home to-day water pouring, threatening the

of kidnappers whe sink rapidly. threatened her with death if she revealed anything that might lead to their capture.

custody

It is feared that two deck boya and the cook are missing, while several of the crew were injured..

Hackett handed to the members of the Committee a pamphlet cri-presentative aboard the Presid-after spending 24 hours in the ship with disaster. She began to ticising Pecora's handling of the ent Roosevelt, bound for London, murder of "Dot" King in when Pecora

1928 the American delegates to the Whe ngoistant dis An official statement, explain-trict attorney.

World Economic Conference. "Mr. Pecora, when told of Hac. were in an optimistic mood. decision to seek an armistice in fled him to go to the bottom" of Hull, the Secretary of State,

kett's action, declared that he de The assets are down by over North China, is expected shortly- the case.

The party is led by Mr. Cordell G$70,000,000 although the Com- pany is still, of course, in a very rival here today from Kiuklang, ment of Morgan's was published General Wang Shao-hung, on ar- powerful position.

The secret partnership agree. deprecated the talk of civil war in taken China as a consequence of the truce this afternoon,

ingreement.

The shrinkage has all place in a year.

In the tentative balance sheet filed, to-day with the New Hamp-declared that if the Christian Gen-

Regarding Feng Yu-hsiang, hel

G$664,928,000, representing falling off of G$70,682,000.

MORGAN "DICTATORSHIP."

4 months ago, ho could have organised firm.

is overy indication that he is carry ing out, as far as can be done, the shire Secretary of State, the ckist eral had had the least desire to 1916, after the death of the elder It was drawn up on March 31, existing Congressional resolutioning assets of the company are resist the Japanese invasion two J. P. Morgan, the founder of the against cancellation or revision.

Meanwhile, in the House of Re presentatives. Mr. Rainey, Leader of the House, said that the proposed tariff bill would give the President power to make reciprocal tariff pacts effective on his pro clamation and it would not be possible for the Senate to reject them.

compared

with

agreements upon matters of no- He declared that, the United States delegates expected brand tional policy rather than specific treaties from the Conference,

conservation of the world's sup- He also hoped for a series of "Gentlemen's Agreements" for the piles of gold and the coordination of the internal policies of the leading nations of the world.

the The liabilities of the Company the Government the necessity of the event of a dispute between the his forces then, and perhaps saved It provides, inter alia, that in have been reduced. They are seeking an armistice, G330,684,000.ns

The delegation also drew alten- G349,625,000 a year ago.-Reuter, out as an anti-Japanese warrior at

partners, the decision of Mr. J. tion to the possibilities of increas It was useless for him to come P. Morgan shall be final.

ing the available supply of gold Mr. Morgan may compel any by a reduction of the reservo this stage. General Wang also ile-partner to clared that the names attached by partnership forthwith and himself silver-Reuter.

withdraw from the ratios and increasing the use of Feng Yu-hsiang to his circular tele-fix the amount due to the partner gram were never authorised by the concerned. individuale concerned.

The alguificance of this is that it may serve as a precedent for the war debt negotiations in London and the probable war debt mora. torium.-Reuter.

SHOWERY.

KING'S BIRTHDAY

-PARADE

G.O.C. TO DEPUTISE FOR GOVERNOR

It is rumoured here that orders which any partner objects.

No transaction can be made to

have been issued to General Ho

Chien to prevent the passage of

troops from the south to the north.

The XIXth Route Army, it is

·

NO SECRET PARTNERS.

The names of the partners were

stated, has agreed to recall thoirot published, but a member of Owing to indisposition His troops from southern Hunan.the Senate Committee announced Excellency the Governor. Sir Special.

Pressure la highest in the Pacific William Peel, K.C.M.G.. K.B.E, to the East of Japan according to will be unable to take the salute!

REMANDED

the weather report issued by the at the King's Birthday parade MR. BAILEY AGAIN Royal Observatory this morning. to-morrow in the commemoration Depressions are stunted over of the sixty-eighth birthday of South China and to the East of His Majesty the King. Ilia Formosa.

Excellency the G.O.C.. Major Forecast S.W. or variable winds, General O. C. Borrett, C.B., C.M.G., moderate; cloudy, showery, C.B.E., D.S.O., will deputise.

YEAR'S RAINFALL RECORD

OVER AN INCH IN TWO HOURS THIS AFTERNOON

(Continued on Page 11.)

SUNNING ASHORE IN RIVER

MUDBANK MISHAP

Bent

A message

through

TRIBUTE TO SOONG

MR. O. M. GREEN ON CHINA

PRAISES CHIANG KAI-SHEK

London, June 2.

two armed men.

гривот

The kidnappers were at liberty after receiving $50,000 from Judge Afe Elroy, who paid the

There were thirty-seven passen- promptly after his daughter was gers aboard her and they were taken from the family home by taken in bonts, most of them dressed exactly as they jumped out Unmasked but armed, the gang- of their beds, to the Stentor and sters entered the McElroy home on a number of German vessels which Saturday afternoon. Miss McElroy came quickly to the assistance of was in her hath at the time. The the British ship. kidnappers ordered her to dress

LANDED AT CUXHAVEN, and accompany them, She obeyed and was taken "somewhere" in an automobile, she said.

The passengers were landed at. Cuxhaven.

The Stentor, a motor-ship, pro- ceeded later to Hamburg, having suffered comparatively minor

A demand for ransom was left at the house, treated courteously while she was damage.

Miss McElroy said she was held prisoner.

The brief reports of the mishap Despite the threat of the kidnap 80 far received do not Indiente ex- pere, the police and the state road actly what happened to the Guild- police of Missouri and Kansas wereford Castle, but it is presumed that seeking them to-day.

she was beached.

TIDE OF CHAOS IN ORIENT

VISCOUNT ISHII ON JAPAN'S DUTY

Boston, June 1..

Viscount Ishii, in a speech at the Japanese. Club hore, said that Japan had boon and still is, the standard-bearer of Western civil- aation in the Orient.

The Guildford Castle in a vessel of 7,995 tone, built in 1911. She is 452 feet long, has a beam of 56 feet and a depth of 30 feet. The Stentor, which is operated by Holte for the China Mutual Steam Navi- gation Company, is 2 vessel of 6,620 tons, 481 feet long, 56 foot wide with a moulded depth of 29.1 feet-British Wireless.

IRREGULAR STOCK MARKETS SHARP RALLY BY KAFFIRS

duty to defend certain Ideas and He bolleves that it is Japan's

chaos and disruption in the Far institutions against the tide of East.

London, June 1. The stock markets closed with He also declared that the pence funds being firm with War Loan some irregularity to-day, British of the Pacific will never be dis-34 per cent. at 98%. Kaffra rall turbed.-Reuter.

led sharply from an oarly weak- ness with some proft taking at the close-British Wireless.

MRS. LANDAU STILL IN HOSPITAL

A warm tribute to Mr. T. REPORTED V. Soong, the Nanking Finance Before Mr. Schöffeld, at the Cen- Shortly after dawn this morn Kai-shek, is paid by Mr. Owen Minister, and to Marshal Chiang tral Magistracy this morning.ing.8.8. Sunning, one of the China Green, in an article in the Traffic-Inspector Alexander asked Navigation company's vessels on for a further remand of one week regular service from Hongkong to News. Chronicle. in the case in which Mr, H. P. Canton ran aground on a mud-

The article is entitled "T.V. And Balloy, of the General. Electric bank in the Canton river while The Now China," and it says that Company, is charged with danger-returning to the Colony, ous driving, falling to stop and

Mr. T. V: Soong has a marked per- failing to report an accident.

was Immediately senality of the highest repate. A record rainfall for the year hvas,

It is Interesting to note that the the defendant, and Mr. H. A. assistance and a tug was dis- recorded at the Royal Observatory average rainfall for the months B. Botelho for Mrs. Landau, the patched. No news has yet been No government in the world, Mr.

"You always know what heSIR JOHN BRODERICK Mr. D. B. Evans appeared for Messrs. Butterfield and Swire, for meane and that he will do what hu

to the agents, | from 12.30 mm. to 2.30 this after

SERIOUSLY ILL Boon, the figures being 196 for the to the end of May is 23.21 inches, victim of the accident. firat hour and 59 during the second. but this year there was a pheno- The case arises from the acci-received whether the vessel has Green goes on, contains two more The fall recorded since the heavy menal lack of rain, the records dont in Queen's Road East, on tho

been reiloated, rain started at ton minutes to nine showing only 8.02 inches of which night of May 25 when a private in Hongkong to-day for loading

able men than T. V. Soong, and „Thevonnel, was due to arrive Chiang, Kal-shok-Reuter, any one day during the nino

with a rieksha in which Mra, Lan- ten months.

We were informed at the Observa-dau, the wife of Mr. Adolpho Lan- tory by Mr. C. W. Jefferies, direc-day,

In view of tha mishap, The previous heaviest fall was tor, that the conditions are favour- Kitchen, was travelling," Mrs, by the Taikoo Dockyard anding to board a New Territories, bus noted on May 29 when 1.30 inches able for the present heavy, fall Landau sustained serious hoad Engineering Company and has a alloped and fell on the ground. proprietor of Jimmy's The Sunning was built in 1010 injured both ankles when, in attempt

In Chatham Road yesterday, he continuing

injuries, and is still in hospital: gross tonnago'of_2,566,

Dalziel was taken to Hospital

LITTLE HOPE HELD OUT. OF HIS RECOVERY,' -

London, June 1.

|

FARM CART. USED

AS BIER

this. morning la 10, a record for 4,62 inches fell during May, ear driven by Mr. Bailey collido but will be delayád several hotirs-European boy, named, Dalziel; dor in Buenos Airos; was recently): His Bór was a farm cart drawn.

Tell

or

London, June 1. The Admiral of the Fleet, Lord Wester Womyss, was buried to-day. Sir John Broderick, whose ap-in the little cemetery of Chapel pointment to be British Ambassa Garden, East Wemyss, Fife,

hope is entertained of his re- private cemetery close to the cons announced, is lying gravely ill in by two horses, and his gravo is set. a London nursing home and little in a quiet corner of the family's covery --Bellink Missisenemm

141

MARNATAKA KANDAAN TEU Nat