1933-06-22 — Page 1

STOP

THAT

LEAK!

THE LEADING.

PLUMBING AND SANITARY

*ENGINEERS.

C. E. WARREN & CO., LTD.

China Building..

Street, Hongkong

The

FIRST EDITIO

Hongkong Telegraph

FOUNDED 1612 Tol.. 20269

No. 11031

[# *=#1X THURSDAY, JUNE 22, 1933,

日十三五

SINGLE COPY 10 CENTS 110.00 PER ANNUM

WHITEAWA

THE

"BUNTY

VOILES

LEVISED

PRIČE

90 Cfs. Yard.

FAST COLOURS.

SILVER REHABILITATION GIVEN A SETBACK

CURRENCY WAR

EUROPE GETTING,

IMPATIENT

SECRECY URGED ON U.S.

A TRUCE WITHOUT

AMERICA?

London, June 21.

There were

strong ru-

mours in London to-day that

Opposition

EVEREST CLIMB.

ABANDONED

From Chinese Banking Circles in Shanghai

WHILE

PITTMAN

ANOTHER ATTEMPT SCHEME

IN AUTUMN

Calcutta, June 22.

. It is understood that owing to the bad weather which has accompanied the setting in of the monsoon, the attempt of the Rutt- ledge Everest Expedition to climb to the summit of Everest has been abandoned until the autumn.--Reuter,

if and when stabilisation SHOCKS AT

of dollar-sterling exchange

takes place it will be round about 4.40 to the pound in- stead of 4.05 as was con-

IS SHELVED

BRITAIN SILENT ON POLICY

WAITING ON AN AGREEMENT

Silver rehabilitation efforts have suffered a dis-

HOYLAKE tinet setback.

templated during the week- TWO CANADIANS

end.

*>

After the receipts of an import-

GOING STRONG

+

In London, Senator Key Pittman's scheme has been shelved.

Shanghai bankers have cabled to Mr. T. V. Soong

ant cable from Washington by the BRITISH AMATEUR urging him against lending

American delegation to the World

Economic Conference, Mr. Ramsay MacDonald held long conversa-

tions with some of the loading

figures in the delegation to-day.

GOLF TITLE

(Special to "Telegraph")

fly Telegraph, Copyright. There is a general apprehension Messages Ordinance, 11. that America's attitude towards 23, 7.65 8.m.) -stabilisation may wreck efforts at

a compromise in other important, directions.

Telegraph's Received Jane

London, June 21.

The Canadian golfers, Ross Somerville, holder of the Ameri-

PREMIER URGES SECRECY. can Amateur title, and John

[any assistance to efforts toj raise the price of the white metal.

(Special to "Telegraph")

By Telegraph. Copyright. Telegraphic Reaper Ordinance, „dies. Received Jane 11. J.49 a.m.)

Shanghai, June 22.

Chinese bankers in Shanghai are

His Majesty the King celebrates the anniversary of his Coronation to-day. Our photo was taken at the Royal Tournament. last month.

FLIGHT ENDS IN TRAGEDY

FATE OF SPANISH AIRMEN

WORLD ECONOMIC CONFERENCE

ITALY SOUNDS A WARNING

DANGERS IN A CHEAP MONEY POLICY

LONDON, JUNE 21: · ONCE AGAIN A NOTE OF WARNING HAS BEEN SOUNDED AT THE WORLD. ECONOMIC CONFERENCE, THIS TIME DURING A DISCUS- "SION UPON MR. NEVILLE CHAMBERLAIN'S PRO- POSALS FOR CREATING LIBERAL CREDIT FACI- LITIES IN ALL COUNTRIES.

With the general principles of the proposals, there was little disagreement, but the Italian delegaté pointed to the danger of making credit available before a de- mand for credit established itself. The obvious danger is that the resources will be used for purely speculative purposes, leading to an artificial boom and a further catastrophic reaction,

TRADE RESTRICTIONS.

berlain were supported in speeches by several delegates, including M. the French. Financo The problem of trade rastric-Bonnet, tions is now the topic of dis-Minister, who suggested that the cussion in the first Sub-Committee proposals should be considered by a special sub-committee Instructed of the Economie Commission.

to bring back definite recommendi- This is the Commercint Policy tions as early as possible. Sub-Committee and a private He ne

ONE KILLED IN under the chairmanship of nor cessa dded that while it was me.

CRASH

BRITISH PROPOSALS,

Increase.

SOONG TALKS WITH DALADIER

DISCUSSES FAR EAST

Paris, June 21. Mr.. T. V: Soong was to-day received by M. Daladler, with whom he dis- cussed the Far Eastern situation. Mr. Soong ex. plained the position from the standpoint of the Nan- king Government,

Mr. Soong alsa visited M. Painleve."

It is understood that together with Dr. Welling-. ton Koo, he is flying to London to-morrow morning. -Renter.

SOVIET BORDER EMERGENCY

PREPARED FOR ANY. DEVELOPMENT

MANOEUVRES IN BARABASH

Harbin, June 22. Russia's policy of pre- paredness in the Far East is leading to further interesting developments in the Mari- time Province.

Following the erection of strong.

was held afternoon Krogmann, the Lord Mayor of they must also try to

consumption and thus end the Hamburg.

terrible paradox of mankind star- ving in the face of plenty." ~New York, June 21: Tragedy brought to a close A number of proposals were "He agreed that a policy of cheap the brilliant Atlantic flight of submitted theluding draft resolu- money, made available ingreadi the Spanish airmen, Captain tions by the British delegate, pro- country at the lowest rates which once.

the circumstances of loans would Barbaran and Lieutenant Col- posing, among other things, lart.

the abolition of clearing and permit, was...essontlak.--Opera defensive works along the Amur

It is reported that the Prime Nash, both regarded as formid definitely apposed to the plans Minister, who is President of the able challengers for the British taking shape in London for raising Conference, urged the American Amateur championship at Hoy-the value of silver, according to a delegates to keep the stabilisation lake, gained further victorias leable addressed to Mr. T. V. Soong

to to-day.

by the Chinese-Bankers* Associa discussions secret in order

Somerville scored a success in tian yesterday. enable the Conference to proceed.

the fourth round when he beat J. with other subjects unhampered.

It in understood that a long meeting of the Association It is stated that he also urged Walker, of Coombe Hill, by six and

To-day it was learnt that the air-barter agreements held at which the pros and cons secrecy on the score that world four,

of the silver rehabilitation pre-men, who had been missing since possible; markets would not be subjected to

completing a fight from Seville to the abolition of import pra posals were discussed.. the

Cuba, crashed in the state of hibitions," without prejudice to the Peubla, Mexico, one being killed and oxceptions generally recognised the other injured.internationally;

Influence disturbing stabilisation_rumours."

of

It is understood that the Ameri- can delegates agreed temporarily to restrain further Information to the public in this matter.

EUROPE IMPATIENT,

It is reported that a number of the delegations of the smaller European Powere are getting highly impatient with the delay in securing stabilisation as a result

of America's attitude.

They are urging the holding of A special meeting of the European Powers at the conference for the purpose of concentrating upon seeking an agreement embracing'į the European States.

FRANCE SEEKING NEW TRUCE. The French attitude is reflected

FORMER SHIPPING'

fourth round.

-BANKERS-ARGUMENT,

WHE

tions in the open market must be as far as most carefully considered by

technical experts.

A WARNING NOTE.

River, Including machine-gun nests and pill-boxes at the Sungari Delta and fortifications over a wide area in the Bingovestchenok district, a comb-out of civilians

It is learned that all "unrelia

zones are being rounded up-and ble" Soviet citizens in the frontice are being deported to districts in, Went Siberia.

TANKS AND

D CAS

Nush gave a magnificent per- formance in beating two Irishmen, the veteran Lionel Munn. Inst

The Italian delegate, Professor Beneduce, while in general agree-has-commenced. year's Hemi-Banlist by-d-anti-2-in the third round and John Burke,

Finally it was decided to send a The aviators left Seville at 4.45

that a clear distinction be made mont, urged that for a liberal Irish chanion for the last three years, at the nineteenth, in the cable to Mr. Soong deprecating am. on June 10 in an endeavour to between Import quotas for the credit policy to have the desired the measurea contemplated for beat the British long-distance flight protection of the home producer effect upon prices it should not of silver record. They failed in theiro and production or market quotas precede a demand for credit other-

Jective, but, succeeded" In carrying George Dunlap of America bent artificial stimulation Alaric de Forest (Royal and An-prices.

It is pointed out in the cable out a wonderful flight from cast to posed in pursuance of interna-wise there was a danger of the tional agreements in order to volume of available credit being west across the Atlantic. ...

diverted to speculative transac- effect a rise in prices; cient) at the nineteenth in the

They landed at Camoguey in

the progressive abolition of all tions which might produce n fourth round, but, the only other that the amount of silver in China

period of artificial prosperity Hable. overseas challenger, the Spanish is only sufficient for home circula- Cuba, four thousand miles from

torbe followed by another crisis unable to afford the less than thirty-six hours. exponent, Luis Aranaybarra was tion in China and the country is Soville after flying the Atlantic in arbitrary import quotas.

British, Wireless. beaten by Ripley of Banstead therefore

countries, an exodus which would and carried petrol sufficient to last The abolition of arbitrary import! Downs by one hole in the third exodus of the metal to foreign Their machine was a bi-plane,

inevitably follow an increase in for 48 hours. The airmen were quotas is regarded by the British the value of silver.-Reuter,

forced to battle against stiff wirds delegation as of the highest im for the greater part of the journey. portance, but it is thought that Other third round results were:

THE OLD BUGBEAR. After a short rest at Camogucy.the best solution of the special. Cyril Tolley beat T. Manners 23

they again set off and were missing problems raised by the disastrous,

... London, June 21. London, June 21.

for some time, the discovery and 1. James Dawson (Troon)

of slump in the prices of certain The first Lord of the Admiralty beat Martin Smith, a former

Senator Key Pittman's silver their fate being made to-day-primary commodities will be in- Sir Eyres Monsell, replying to a ternational agreements for the Parliamentary question said his champion by one hole, A. Thomp

(Aldeburgh)

botter regulation of production attention had been drawn to the beat Ernest Proposals have been sheived until Reute

and marketing between the coun-announcement that President tries principally concerned.

round.

gon

WETHERED THROUGH.

BONHAM

STRAND

PROPERTY

JUDGMENT FOR THE DEFENDANT Judgment for defendant, with Coats, was given by the Chief Justice, Mr. R. J. Wood, In the Bonham Strand West Property case at the Supreme Court this morning.

in a message from Paris stating Torrance at the 21st, und Ivor it is possible to reach an agree- that considering, dollar stabilisa- tion proposals dead, French Thomas beat Stout, the Englishment between the silver produc- ing countries and others to pre- finance is now looking to the champion by 2 and 1. provisional backing of a sterling- Among the early fourth round

Roger Wethered, vent dumping on the market, franc exchange, leading to a Euro-winners are:

The old insite of the Indian Gov pean currency truce, without the who beat Henry Howell of Glamor- United States.-Router.

gan 3 and 2 and Edward Kyle of Singapore, who eliminated Jack crament's surplus stocks is stil McLean of Ilayston, one of the the bugbear-Reuter, favourites for the title, by one! GOVERNMENT SILENT. hole-Router.

London, June 21. Replying to a question in Parlia- ment regarding the ralaing of the

The action was brought by Li value of silver Mr. Horo-Belisha, for the Treasury. Bald that the Tse-shi to recover 73, Bonham! various views taken on the silver Strand West, from defendant, problem would receive careful Pong Tsol-ching, of Shatin. It consideration, but the Chancellor wan alleged by the plaintiff, and of the Exchequer did not think It adraltted by the defendant, that desirable to make any further the property assignment was statement pending the discussions forgery.

FIGURE

SIR THOMAS STOREY PASSES AWAY

(Our Own Correspondent).

(Up Telegraph, Copyright. Telegraphie

Message Ordinance, sasi. Rezsived Jung] = 21, 4.20 p.m.).

RUBBER OUTPUT

RESTRICTION

OPTIMISTIC VIEWS

EXPRESSED

Amsterdam, June-21.

on the matter which were taking It was submitted by the defence Satisfactory progress is report place at the World Economic and that their lack of knowledge of London, June 21. ed to have been made at a meet-Moretary Conference, British the forgery did not disentitle them A figure well-known in London ing of the Committee of the In-Wireless. maritime circles has passed away ternational Association of Rubber in the person of Sir Thomas James Growers.

na purchasers, and it was further alleged that plaintiff had temporáneous knowledge of the

con-

Storey, K.B.E., whose death at the Optimistic views are expressed

regarding the chances of foint NORTH RIVER UP dappearance of the deeds and

age of 82 in announced.

Among the positions ho occupied international action..

Board);

AGAIN

the fraudulent assignment of the proporty

The Chief Justico had already given Judgment for defondant on the lasue of fact and to-day's final

motion for a further fading.

FIVE FEET RISE AT judgment arose from defendant's

·TSINGYUEN

at one time or another were the In the British House of Com-' chairmanships of Lloyd's Register mons, Sir Philip Cunliffe-Lister of Shipping (1925-8); British said that no negotiations are pro and Foreign Marine Insurance Co. cooding between the British and The Dutch Governments although the Ltd., (London Liverpool. Underwriters Associa-producers themselves are holding!

Tho only notable change in the A Chinese motor mechanic, was ad- tion; The London Institute of discussions.

Ho added that no request for Kwangtung river levels yesterday mitted to the Kowloon Hospital Underwriters; and the Average

negotiations had been recolved was recorded at Taingyuon where yesterday, with burns received" when Adjusters Association,

His wife pre-deconsed him by 11 from the Dutch Government, the North River rose from 10.5 tending to the engine of a Kowloon

Router.

feet on June 20 to 15.1 debt. ...bug:

youro.

..

REGULATION.

CREDIT POLICY.

U.S. EXPENDITURE

EXAMINED

UNITS.

Meanwhile, large U.S.S.R; forcon have been stationed on Lake Hing kaihu. The forces are powerfuly. equipped with all modern weapons of war, including tanks and” gay" units.

They are being concentrated in the vicinity of Barabash, opposita Sulfenho, the extremo, ensteriy point of the Chinese Eastern Rail. way, and are carrying out man-- ocuvres daily.

It is evident that the Soviet Government fa suspicious of Roosevelt had authorised the ex-Japan's intentions and is taking penditure of £39,000,000 for build

every precaution to prevent sur- prise-Reuter. Ing warships under the London The work of world conference Trenty. The total expenditure ap- was continued to-day in the two proved by Britain in this regard sub-committees of the monetary was £39,000,000, Up to March commission. The proposals ad-31at Inst however the total sum 20 vanced in the first of these sub- spent was committees by Mr. Neville Cham-Wireless.

£8,250,000.-British

Aand the Earl áf Pr of the colour ceramony on the Klara Birik deputised for His Majesty. (Photo) Planet News, by hir

SCOTTISH PEER'S DEATH

SON SUCCEEDS TO OLD TITLE

(Our Own Correspondent).

(By: Telegraph); Gezurichh) | Taligraphis „Missgas "Ordinansa, 119). Resolved Zuna,

32, 430 pm.j

London, June 21

The death has accurred at Chick ago of 82, of Lord Saltoun,. Ite-: presentatiye Peur for Scotland since 1890 and holder of a barony creatád in 1445. He in succeeded, by the Master of Saltoun, his son, who will be the 19th Barot. Da

Lord Baltoun was L-Col, in the Grenadier Guards until he succedez ed to the title in 1888 and later 10-1 Joined, the army, becoming a Major? of the Brd Battalion Gordon High- Janders, Horosigned in 1899 but rejoined at the outbreak of War: and in 1916-18 he commanded tha Brigade and was awarded the

Halenver three sons and d

| daughter?