1933-06-15 — Page 1

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The

FIRST EDITION

Hongkong Telegraph.

FOUNDED 1901

Na 14(28

PA ITAARUF THURSDAY, JUNE 15, 1933.

日三廿月五

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PAGE 5.

MR. CHAMBERLAIN'S WAR DEBT STATEMENT

REPUBLICANS HOSTILE

AN ALL OR 'NONE· ATTITUDE.

Washington, June 14, "The entire. Instalment should be paid, or none," said Senator Robinson, the Republican leader. con- demning President Roose- velt and the Senate for accepting the British part payment in silver at fifty cents an ounce.---Reuter,

ALANQUERYINCANTINSANE LOVERSYRENEES BAYERNIZONTEN ÄRATAMENTULUNGSANTÉR

TENSION IN EUROPE

AUSTRO-GERMAN QUARREL

RELATIONS VERY

STRAINED

Vienna, June 14,

Official relations between Aus-

Ten Million Dollars to

to

Be Paid in Silver

WORLD ECONOMIC CONFERENCE.

CHEERFUL HOUSE

OF COMMONS

TRIBUTES TO PRESIDENT ROOSEVELT

LONDON, JUNE 14.7

BRITAIN IS TO MAKE A PAYMENT OF TEN MILLION DOLLARS TO THE UNITED STATES ON ACCOUNT OF THE JUNE WAR DEBT INSTAL- MENT.

The amount will be paid in silver at fifty cents per] fine ounce. Four million ounces of silver have been ac- quired from the Government of India for this purpose.

Mr. Neville Chamberlain made this announcement

The last of Beaconsfield Arcade.

OF MANCHUKUO

to-night before a very cheerful House of Commons, NON-RECOGNITION stating that this was exactly the offer which Britain made to the United States, as an acknowledgment. of the debt.

NOT REGARDED AS DEFAULT

The Chancellor of the Exchequer rescued at. Lausanne last year.

NO. REPUDIATION.

tria and Germany are exceeding-expressed regret that President ly strained as a result, of the Roosevelt was unable to accede to Habicht incident and

German reprisal.

On the other hand, said the the the British request for a postpone-Chancellor, the British Government ment of the June instalment, pend-had the strongest objection to the Dr. Wasserbaeck, the press at-ing a discussion of the war debts taking of any course smacking of

An

tache at the Austrian Legation in question as a whole.

the repudiation of our obligations. Berlin, who was ordered to leave

Britain 'therefore made the offor German territory Immediately, President Roosevelt had, how-of a payment on account As has been appointed Secretary of ever, accepted the part payment earnest of goodwill. the Austrian Legation in London

Mr. Chamberlain then read a by Dr. Dollfuss, the Chanceller, offer in a spirit of co-operation statement which has been circulated and is proceeding to London im-without prejudicing the freedom by President Roosevelt in Washing- mediately.

of either government in sub-ton stating that it is fair and wise This journey may have some sequent discussions,

to postpone formal representations un the debt subject until later. thing to do with the decision of Dr. Dollfuss to remain in London, Mr. Chamberlain pointed out though there are rumours that he that the instalment of December

PRESIDENT'S VIEW, has been consulting with members 16, 1932, was paid in full in tha of-the-British-Gabinet and that hopa of paving the way to a settle the good offices of Britain may be ment before another instalment be- employed to ease the tension became due. tween Germany and Austria. •

•

LAUSANNE AT STAKE.

It is vitally necessary, says tho President, that the meetings of the [World Economic Conference should not be hampered by a difficult and protracted discussion of the debt I scenied Impossible to contem- Herr Habicht, the press attache plate the continuance of payments problem, but in view of the British to the German Legation in Vienna, of this magnitude, while suspend-representations and in view of the whone arrest caused the tension, ing under the Lausanne Agree-fact that the present part payment|

HABICHT RELEASED.

atrian police oMcial.

is an acknowledgment of the debt

STATEMENT IN HOUSE OF COMMONS.

London; June 14. Captain Anthony Eden, reply. ing to a question by Mr. John Haslam, in the House of Con- mona, staled that the Advisory Committee appointed by the League to consider technical

atters rising out of the Assem bly renolution in reference to the

non-recognition of Manchukuo,

has drafted ablemorandum which is being circulated to members of the Leagoo and to other governe: ments-Routgr..

WALL STREET BLAMED

THE ROBINSONIAN TIRADE

ATTACK ON WAR DEBT DECISION

(Special to "Telegraph")

(By Telagrape, wovuright. Telegraphis |

128J. Received June 16. 10. .,)

has been released. He left Linz ments, the corresponding claims In a motor-car and was accom-upon our debtors. panied to the frontler by an Au- Hlence further payments on that itself, he declares that he has no

seule would have ended the Lau-hesitation in saying that he does Medora Ordinance,

Agreements Vienna activities against the Banne

and again not characterise the resultant situa- Nazis continue and scores of ar-plunged the world into a condition tion as a default. rests have been made, though of uncertainty and despair from somo have since been released which it was to a large Reuter.

SIX PASSENGERS OVERBOARD

BELIEVED TO BE WAR RECRUITS

An

Six Chinese passengers jumped

from overboard

out-going steamer as the vessel was In Lamma Channel yesterday. They pickled up and returned to the Colony by a fishing junk.

were

extent

AMERICA'S DEBTORS

THREE DECIDE ON DEFAULT

OTHERS FOLLOW

BRITAIN

London, June 14. The six men are believed to be

The actual cost of silver trans- Chinese Army recruits, who exer- cised the privilege of changing their ferred from the Raj to the minds after accepting the terms of British Government Is under- enlistment.

stood to bo approximately Their case is being investigated| by the Secretariat of "Chinese $1,600,000 sterling. Affairs.

TAX ON COTTON. AND WHEAT

U.S. PLAN TO CUT DOWN ACREAGT:

Washington, June 15.

Satisfaction is expressed by the ||American delegates at the World Economic Conference of Britain's decision to pay her Instalment of war debt which is regarded as a successful solution, of the Im- mediato crisis which throatoned international co-operation.

Italy is also believed to be pay-

Loud cheers from ali sides of the

OPPOSITION PLEASED.

Washington, June 14. The Republicans are seeking House greeted Mr. Neville Chamber to connect President Roosevelt's lain's peroration on the debt agree-decision on war debts with the iment.

great American private banking houses, which have been subject- ed to so much criticism lately The House was buzzing with because of the Morgan Enquiry, Senator Robinson, who has do- satisfaction, the opinion being ex-clared himself strongly on the pressed that the American de concession made to Britain, de- cision was a good augury for theclared to-night that this is the success of the Work! Economic hundred million dollars from the same Executive who takes four

Conference and may prove the Veterans and undertakes to accept first step to a complete and final ten percent. payment from

Britain." settlement of War Debts,

"He is," says Seriator Robinson, "following the programme of the House of Morgan, Wall Street and organised 'wealth:

Sir Stafford Cripps, on behalf of the Labour. Party, and Sir Herbert Samuel, for the Liberals, congratu- lated Mr. Neville Chamberlain and expressed their deep appreciation to Wall Street, that is all we shall As long as the President listens of President Roosevelt's realism-get from Britain, the House of Reuter

Morgan and organised wealth, who desire to unload Europe's debts on the American taxpayers.”

ECHO OF PAWLEY |--Router.

AFFAIR

AVIATRIX. FORCED

DOWN

MRS. BONNEY FOUND

NEAR LINZ ..

YANKEES AGAIN THRASHED

DOUBLE FIGURES FOR RED SOX

DETROIT SCORE 13 RUNS

New York, June 14. Boston Red Sox administered another sensational defeat to the Now York Yankees to-day, when they hit up 33 runs against the Yankees' five.

,

This followed on their success over the American League leaders on Tuesday.

The Glants were more succ998- ful clinching the issue ngainst Boston, while Chicago' easily best Cincinnati, Root blanking out Cin- cinnati.

Scores as supplied by Router were:

NATIONAL LEAGUE.

Now York Boston

મ

E 3

1

(Ott homored for New York) Philadelphia

Brooklyn

3 8 3 .6 11 0

(Klein and Hurst homered for Philadelphia)

Cincinnati Chicago

0

1

2

0 7 11

(Root pitched and blanked out Cincinnati)

St. Louis Pittsbur

3 7 0 2 10 0

AMERICAN LEAGUE.

Detroit..

4

CROSS-PURPOSES REVEALED

FRANCE AND AMERICA AT LOGGERHEADS

FIGHT FOR FINANCIAL LEADERSHIP

(SPECIAL TO “TELEGRAPH") ·

(By Telegraph. Copyright, Telegraphic Messages' Ordinance, 1804. Received, June 15, 9.11 m.) -

LONDON, JUNE 15.. BEHIND THE SCENES OF THE WORLD ECONOMIC CONFERENCE A FIERCE CONFLICT IS BEING CARRIED ON BETWEEN FRANCE AND THE UNITED STATES, REUTER'S DIPLOMATIC CORRESPONDENT LEARNS.

The dispute is over the chairmanship of the. Monetary Commission, the differences which arose. yesterday still remaining unsolved.

It is now learned that both desire the chairmanship for themselves, France advancing the contention that the conferment of the chairmanship upon the United States would entail a danger of a lead being given to an inflationist policy.

Unless a settlement can be reached in discussion, presumably the question will have to be put to the vote, although both parties are desirous of avoiding such a step.

DEBT SOLUTION CLEARS THE AIR

Mr. Cordell Hull's speech ferring to the British boycott of awakened-considerable--interest Russian goòdá..

as report has it that the contents He hinted that Russia would were modified just before its de-shortly be placing large orders livery on instructions from, Wa abroad, provided long-term credit shington.

· Particular attention was paid to the fact that it followed very closely the programme outilned in

could be obtained.

DEBT SETTLEMENT. ⠀

Dr. Eduard Benes, the leader of

Mr. Neville Chamberlain's speech the Czecho-Slovakian delegation, and the delegates are seeing in speaking on behalf of the Little the situation a united Anglo-Ame-Entento. Powers, said they regard. rican front, the result of the temed the settlement of intergovern porary disposal of the war, debt mental dobla as a matter of the foremost consideration. He was question.

also in favour of the earlicat pos- sible restoration of the gold stan- dard.

SOME DISAPPOINTMENT.

At the same time, the speech of}

Dr. Colijn (Holland) doubted the American delegate caused whether the return to the gold some disappointmont. He was ex-standard was an ideal which was

(Watkins homered for St. Louis) pected to be spectacular, to pro- possible. He strongly urged stops duce proposals for drastic meato prevent wide fluctuations of sures to find a way-out of the currencies, but, he added, the economic chaos, but he contented stabilisation of currencies would bo himself with generalities and the doomed to failure if it was advocation of adherence. to the accompanied by the free circula- tariff truce.

tion of goods: Mr. Hull also insisted that world currencies must, as far as possible,

13 14. 1 Cleveland

+2 8 2 (Averill homered for Cleveland and Stone for Detroit)

2

4

Boston

13 15 New York

.6 12. (Ferrell' and Alexander hom- ered for Boston)

Chicago

St. Louis

14 G 14 15 0

not

He joined Mr. Neville Cha**

bo stabilised and he hinted at an lain in advocating the abolition of International currency standard shipping subsidies,

along the lines suggested before

the Conference opened, namely, an

The adjournment followed after

entirely new International atan a short statement by Dr. Imredi, dard, of any weight of gold which the Hungarian Foreign Ministor. the Conference chose to conter-Router.

(Gullic homered for, St. Louis) upon it.

PRODUCTION OF OIL

TEXAS IMPOSES

RESTRICTIONS

FICTITIOUS UNIT.

It would bo f flctftious unit in actuailty, something on the lines of the Gold Unit system adopted by the Chineso. Marítimos Custome.

CONSIDERED BRITISH

"POLICY

MR. CHAMBERLAIN'S SURVEY.

The British Government's con- In view of the rumours of like adored policy towards the whole ly advocation of bimetallist by

the United States delegate, it is range of the problems before the interesting to note his declaration conference was stated by the that the functions of gold and Chancellor of Exchequer, whose silver should be regulated within speech is to be issued as a Gov-

ornment Paper. Telegraphis the framework of the proposed in Moemiges Ordinaner.- 1881. Received June ternational currency standard.

LITVINOFF AND BRITISH BOYCOTT.

(Special to "Tolograph")

(By – Talegraph, Copyright,

15, '8,88° KM.}

Austin, Texas, June 14. A reduction of one-third of the allowable production of the East Texas ollfold has boon ordered

BANDIT LEADER

Dealing with the present lack FOUND DEAD

of equilibrium between commodity prices and costs, ho said: "In Mukden, June 15,

the view of the Britlah dalagatión," ing only part a part of her war It is reported, that among A

the solution must be found by... debt instalment, whilst Czecho-hundred odd corpses left when the

means of a recovery in prices.De Action in various sphered would The mystery of Mrs: Bonney, the by the Texas Railroad Commission It is authoritatively disclosed Slovakia, and Rumania are follow- Japanese routed bandits under the aviatrix who was reported missing and will become effective. at mid- plenary session of the Contend be necessary. The fundamental

Inight tonight. ..

M. Litvinoff said the Sovlot would monetary condition of a recovery that the Roosevelt Administration ing Britain's example,

notorious leader, Lao Pel-feng on in a flight from Budapest toit is estimated that the order propose a resolution to supple has decided to, levy maximum pro- Belgium, and almost certainly the morning of Tuesday. near London on June 12, has been wilt nereti na ontnut of between ment, the oporomic truce by an orices is that credit should be

Poland Shwangtattze, has been found Pet cleared up.

grossing taxes around four conts a France, la "defaulting,

Vienna, June 14.

London, Juno 14. In the closing stages of to-day's

made available by apolloy of

pound on cotton and from 28 to 80 also won't pay and a note_regard-] Pa-tion, the chief of the captors of She had to make a forced inna/$60,000 and 675,000, barrels per jundertaking for the simultáneous cheap money and that such credit.

the

day,

cents a bushel on wheat in ordering this has beon sont to

suspension in all countries of ́ali ing near Line, but intonde to For several weeks past there hins legislativo or administrative should be actively employed. This, to bring closer acreages of those State Department by the Polish Mrs. Pawley and Charles Corkran resume the flight to England to boon approximately 820,000 bar measures of economic warfare..

together with the revival of busl prope, Reu

last year-Router.

rels produced overy, day-Reuter,

r. (Continued on Page 7)ASS

Ambasandor.Router.

morrow.Reuter

Litvinoff was clearly, res