1933-06-22 — Page 19

WORLD ECONOMIC CONFERENCE

ITALY SOUNDS A WARNING

DANGERS IN A CHEAP MONEY POLICY

LONDON, JUNE 21.

THE HONGKONG TELEGRAPH. THURSDAY, JUNE 22, 1933,

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.

The Prince of Walss, the Duke of York and the Earl of Harewood at the Trooping of the Colour ceremony on the King's Birthday. The

Prince deputised for His Majesty. (Photo: Planet News, by sir máli).

With the general principles of the proposals, there was little disagreement, but the Italian delegate pointed to the danger of making credit available before a de- mand for credit established itself. The obvious danger MR.

is that the resources will be used for purely speculative purposes, leading to an artificial boom and a further catastrophic reaction.

TRADE RESTRICTIONS.. The problem of trade restric-| tlons is now the topic of dis- cussion in the first Sub-Committee of the Economic Commission.

EUROPEANS AT LAW

This is the Commercial Policy Sub-Committee and ቤ private meating was held this afternoon under the chairmanship of Herr REPAYMENT OF LOAN

Krogmann, the Lord Mayor of Hamburg.

BRITISH PROPOSALS.

A number of proposals were submitted Including draft resolu- tions by the British delegate, pro- posing, among other things,

CLAIMED

יו

FORMER BUSINESS

ASSOCIATES

At the Supreme Court this

Mr. R. E. Lindsell, Barold Guard,

the abolition of clearing and barter agreements ឆម far as morning, before the Puiane Judge, possible;

LI CHOR CHI'S CURRENCY

DOG

WAR

ALLEGED TO HAVE BITTEN CYCLIST

CASE DISMISSED

Mr. Li chor-chi, of No. 37 Kn}} Tak Bund, made another appear-: ance before Mr. Butters at the Kowloon Magistracy this morning

EUROPE GETTING

IMPATIENT

RADIO BROADCAST

CHINESE CONCERT FROM THE STUDIO

From Z. B. W., on wave length of 365 metres (84.5 ́k/c.),

11-11.30 am. Stock Quotations, Selected London and New York Stock Quotations, Weather Report, etc.

11.30 a.m. Chinese, recorded pro- gramme,

12.30 pm, European programmó of Victor and HI,M.V. records.

1 p.m. Local Timo and Weather Report,

1.30 p.m. Rugby Press News, etc. 2 p.m. Close Down.

6-8 p.m.

European programme of Victor and

H.M.V. records.

6.6.14 p.m. Children's Programme. Descriptive An Animal Alphabet. Descriptive--Noah's Ark,

George Baker, B4324. Chorus Nursery Rhymes.

Uncle George's Party. B3000.

6.14-0,50 p.m. A Concert, Song-Orpheus with His Lute

(Sullivan), Song The Wren (Benedict).

Mavis Bennett (Soprano).

B2702.

Violin Solo-Ruralia Hungarica--

Presto (Dahnnnyi).

SECRECY URGED Violin Solo-Ruralla Hungarica—

ON U.S.

when he was summoned for allow A TRUCE WITHOUT ing his dogs to be out in the pub- lic street without muzzles,

One summons was the result of

a report made to the Police by Mr. Lau Hsiung, who was bitten by-n dog belonging to Mr. L.

AMERICA?

London, June 21.

There were strong ru- ·

It was stated by Mr. Lau that moura in London to-day that

was con-

the abolition of Import proof 2, Garden Road, and a former he was on a motor cycle in Kow-if and when stabilisation hibitions, without prejudice to the partner in the International Ad-loon City nt about 6 pm. on Mty of dollar-sterling exchange

ro- 30. He anw Mr. Ll Chor-chi with exceptions generally recognised vertising Service, sought to Internationally;

cover from Charles North, of three dogs walking down the takes place it will be round that a clear distinction be made David's Cafeteria, Hankow Rond, street, and on seeing them he slow-about 4.40 to the pound in- between import quotas for the Kowloon, the sum of $300 allegeded down his motor cycle. One of protection of the home producer to have been tent by plaintiff to the dogs snapped at his ankle and stead of 4.05 as and production or market quotas defendant in July of last year. Abit him. Imposed in pursuance of interna-counter-claim for $150 for ages tional agreements in order to was also filed. effect a rise in prices;

the progressive abolition of all! arbitrary import quotas,

REGULATION.

CREDIT POLICY.

Mr. P. II. Sin appeared for the plaintiff, and Mr. Ö. E, C. Marton, of Messrs. Deacons, for the defen-

dant.

PREMIER URCES SECRECY. It in reported that the Prime Minister, who is President of the

of

At the time, he thought nothing templated during the week- of it, and wen Mr. Li asked him end.

After the receipts of an import- if he was all right he answered 'in the affirmative. Later he saw R doctor and on the latter's advice ant cable from Washington by the naked Mr. Li to put the dog under American delegation to the World observation. It was thus that the Economic Conference, Mr. Ramsay The abolition of arbitrary import

MacDonald held long conversa- Plaintiff stated that defendant matter came to the notice of the

of the leading tions with some quotas is regarded by the British delegation as of the highest im was engaged by the International Polire.

Evidence was also given by Ser-figures in the delegation to-day. portance, but it is thought that Advertising Service to work during

There is a general apprehension the best solution of the special his spare time on a 20 per cent. geant Butcher regarding the re-

that America's attitude. towards problems raised by the disastrous commission basis, payment to be port made to the Police.

Sergeant Simpson, who took the stabilisation may wreck efforts at slump in the prices of certain made on all advertisements pro- primary commodities will be in-cured by him at such time as the dog away for observation, stated a compromise in other Important

advertisers settled their accounts.that it had a muzzle but one of directions. ternational agreements for the On July 4th. defendant wrote the straps was broken. Otherwise botter regulation of production

letter to witness which stated that it was a very good muzzle. and marketing between the coun- he was financially embarrassed tries principally concerned.

KICKED DOG ON HEAD. and asking for an advance. Wit- ness consulted his partner who Defendant, in his statement, The work of world conference refused to make such an advance said he was walking in Kowloon Conference, urged the American was continued to-day in the two from the firm so he, witness, loan Cily with his three dogs on the day delegates to keep the stabilisation sub-committees of the monetary ed plaintiff $300 from his own in question when he saw the com- discussions accret In order to commission, The proposals nd-personal account,

plainent riding in his motor-cycle. enable the Conference to proceed vanced in the first of these sub- Plaintiff denied that defendant Witnesas knew the complainant with other subjects unhampered.

It is stated that he also urged committens-by-Mr Neville Cham-was engaged at a salary of $300 a slightly and when the latter slow- berlain were supported in speeches month, with a further 20 per cent. ed down he thought he wanted to secrecy on the score that world by several delegates, including M. commission on all advertisements

Witness stopped markets would not be subjected to speak to him. Bonnet, the French Finance obtained by him and 25 per cent. and complainant did likewise. In the disturbing Influence Minister, who suggested that the on all profits shown by the In- doing so, complainant had to put stabilisation rumours. proposals should be considered by ternational Advertising Service, as his feet on the ground to steady It is understood that the Ameri- a special sub-committee instructed was alleged by the defence. De-his cycle and accidentally kicked can delegates agreed temporarily to bring back definite recommenda-fendant left the firm at the end of one of the dogs on the head. The to restrain further information to tions as carly as possible.

July and plaintiff did not see him He added that while it was ne-again unil November when he ap- dog turned round and snapped at the public in this matter. cessary to discipline production proached him concerning the loan. increase Defendant then stated that he was. they must also try to

the not very well off at the time but the time whether he had been bit. It is reported that a number of consumption and thus end

the delegations of the smaller terrible paradox of mankind star-was expecting something from a ten or not. There was no sign on

his trousers, and he said he was European Powers are getting ving in the face of plenty.

firm overseas. The money

all right. He agreed that a policy of cheap never repaid.

After hearing the evidence, the highly Impatient with the delay in money, made available in

Answering Mr. Marton, witness country at the lowest rates which admitted that no receipt avns given magistrato aald there was no evid-securing stabilisation as a result They are urging the holding of the circumstances of loans would for the money as he trusted de-ence that the dog had actually of America's attitude. permit, was

casential. Opera. fendant implicitly at the time, bitten the complainant and in the

Powers at the conference for the tione In the open market must be The only reason he could give for circumstances he would dismiss a special meeting of the European most carefully considered by defendant leaving the firm was the summons.

The other summone against Mr. purpose of concentrating upon technical experts.

that he was pressed by creditors who kept calling at the offices. Li Chor-chi was also dismissed as secking an agreement embracing Ho denied that the sum of $300 the constable who took out the the European States. The Italian delegate, Professor was due to defendant from the summons was not in Court. Beneduce, while In general agree firm for commission and that the ment, urged that for a liberal loan was really from the firm but credit polley to have the desired said it had been taken from plain- $250 or twelve weeks were in-in a message from Parle stating effect upon prices It should not tiff's personal account as the firm's ficted. precede a demand for credit other banking account was only just wine there was a danger of the over $270 at the time. volume of available credit being diverted to speculative transne- tions which might produce n period of artificial prosperity liable to be followed by another crisia.- British Wireless.

A WARNING NOTE.

ench

The case is proceeding.

MORE OPIUM CASES

Буда

MAN'S BODY WASHED CONVICTED MAN AGAIN

ASHORE

* .

him.

at Complainant was not sure

EUROPE IMPATIENT,

Molto Vivace (Dohnnny);

Fritz Kreisler. 1428. Chorus Eton Boating Song (Kaps)

Eton College Musical Society. Chorus When the Cock Begins to

B2689.

Crow (Purccrce Etonians. B2774. 'Cello Solo-Musette (Bach-Pollain). 'Cello Solo-Manurka (Popper).

Pablo Casals. 1349. Song-Down Here (Brahe). Song Sombre Woods (Lully).

Manuel Hemingway (Bass).

6.50-7.15 p.m. Band Selections. Semper Fidelis March (Sousa). The Bells of St. Malo (Rimmer).

Band of H.M. Coldstream

Guarda. B2447. Suite Francaise (Foulds),

The Band of H.M. Coldstream

Guards. B2751/2. Anchors Aweigh. All Hends.

United States Navy Band.

7.15 p.m.

B2778.

Closing Local Stock Quotations, etc.

7.17-8 p.m. Variety.

| Orchestral-Happy Memories-

Selection.

New. Mayfair Orchestra.

.B4318.

Song--I've Always Wanted to Call

You my Sweetheart

&

Gracie Fields, 'B2914. Organ Solo-Just Like Darby

and Joan.

Reginald Foort. B2775. Song--Little Lady of the Moon,

Sydney Coltham

(Tenor). B2742. Piano Solo-Southology.

Joe Sanders, 24033. Song-Red Lips Unkissed,

Eric Bertner (Tenor). B4385. Orchestral Song of the Drum--

Selection.

New Mayfair Orchestra. C2143. Song--I Didn't Miss You,

Gracie Fields (Comedienne).

B2014. Organ Solo-Love Lica.

Reginald Foort. B2716.. Song Bird Songs at Eventide.

Sydney Coltham (Tenor), B2742, Piano Solo-Intangibility.

Joe Sanders, 24033. Song The World Laughs On.

Eric Bertner (Tenor), B4335...

8 p.m.

Local Time and Weather Report.

8.3-10.30 p.m. Chinese Concert from the Studio.

10.30 p.m. Rugby Mid-day Press Nows.

10.35 p.m. Close Down. All records in the above European programmes are kindly supplied by Messrs. S. Moutřie and Co.

FRANCE SEEKING NEW TRUCE. ARGUMENT LEADS

The French attitude is reflected that considering dollar stabilien- Two keepers of divans at Cross tion proposals as dead, French Street were fined $125 or seven finance is now looking to the weeks, and $175, or nine weeks, provisional backing of a sterling- respectively. Oné defendant stat-franc exchange, leading to a Euro- ed the divan was for the benefit of pean currency truce, without the his fokin.

United States-Reuter.

DAY BY DAY NEWS IN BRIEF

JUDGING 18 BALANCING. AN AC- COUNT, AND DETERMINING ON WHICH SIDE THE ODDS LIE-Locke,

A fine of $50 or one month was

The 5.4. Burdwan left Shanghai for this Port on the 21st instant at 1 p.m. and is dus hero on the 23rd instant at about midnight,

TO BRAWL

AND A SERIOUS INJURY

An argument between LWO Chinese in Talfoo Street, Sal Wan Ho, on June 20, led to one of them pleking up a stone and throwing it at the other, who received a gash on the head.

The assailant, Chan Chuen-choi, was charged before Mr. Schofield,. at the Central Magistracy this morning, and ordered to pay $20 amends or go to prison for three weeks, and in addition was fined $50 or one month's hard labour. He was also bound over in $50 to keep the peace for one year.

Sergeant Slater said that the injury to the complainant, Chan San, was such, that at one time there was the likelihood of a serious charge being proferred. The de fendant absconded, and was arrest- ed yesterday afternoon,

BEFORE COURT Sentenced to a prison term HEAD PARTLY, SMASHED IN about two months ago for keeping imposed by Mr. Schofield this morn- For the possession of 40 po

In a badly decomposed condi- an opium divan in Queen's Roading, on Kwai Chi, who pleaded guilty lottery tickets Chan Sing was fred ap-to receiving 111 white wall tiles, the 850 or one month by Mr. Wynne-Jones Central, an elderly Chineso tion, with the head partly smneh- peared before Mr. Wynne-Jones in property of the Chung Lee Building this morning. Another Chinose with

Contractors.

ten tickets was fined $10 or ten days. ed in, the body of a man as Court this morning, charged with found in Telegraph Bay on Mon- a similar offence. He was arrested Tang So, à returned banishes, wan In celebration of the anniversary day afternoon, apparently having by Revenue Officer Grimmitt at 12, sentenced to eight months hard of the Coronation of His Majesty, been washed ashore.

Burrows Street. Six pipes and labour by Mr. Schofield, at

the King George V., all warships in the The body was taken by the savon lampa were picked up and Central Magistracy this morning. The Harbour were dressed with fags this police to the mortuary, but iden- there were fourteen, smokors

on defendant, arrested in Wanchal, said morning. At noon, a salute of 21

guns was fred from II.M.S. Tamar. tification was impossible. It is the premises, A fine of $190 with he had come to see his mother. belleved, however, that the body the alternative of eleven, wecka wns

Two Chinese arrested playing foot- must have been dumped overboard | imposed.

Ho Fuk, charged with the larcony. from a ship, and must have been A rald at 22, Second Street re ball in Connaught Road Central, were

morning by Inspector Hourihan,weeks hard labour by Mr. Scho- In the water for a considerable sulted in a woman being charged charged before Mr. Schofield this of a goose was sentenced to aix time. No foul play in suspected. with the possession of quantities of Lung Ping aald he was looking on, field, this morning. Two Chinese

Inquiries made in the village both raw and non-Government reveal that no person is missing. prepared oplum. Tines totalling on was charged, while Tee Sau- who had chased defondant and

kuen was fined $3.

bur Iarrested him, were complimented,

A Chineas motor mechania was ad- mitted to the Kowloon Hospital: yesterday, with burns received when tending to the engine of Nowher

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Loss

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