1933-07-25 — Page 1

THIS STYLE BUT

IN COLOURS

ASK WARRENS"

C. E. WARREN & CO., LTD.

China Building.

Tol. 20269.

FIRST EDITION

Hongkong Telegraph

FOUNDED 1881-

No. 148$7.

二拜禮 骁五七月七英港香 TUESDAY, JULY 25, 1933.

日三初月六

SINGLE COPY 10 CENTE

$34.00 PER ANNUM,

WHITEAWAYS

THE FLAP JACK

POWDER

BOX.

Nicely enamella

Medium Size, Quite the latest.

Price $2.95 each.

SILVER AGREEMENT GETS MIXED RECEPTION

FRENCH DAVIS CUP.

SURPRISE

AN UNEXPECTED SELECTION

ANDRE MERLIN CHOSEN

Paris, July 24.

Rene Lacoste, former world's champion, and sole selector of the French Davis Cup team, has announced the four players to represent France against Britain in the Challenge Round this coming week-end, as fol- Jows:

Henri Cochet Andre Merlin

Jean Borotra

Jacques Brugnon

Lacoste has definitely announced that Borotra will not be called upon to play in the singles. The French singles players will be Cochet and Moriin. The doubles combination has not yet been announced.--Rer- ter.

A SURPRISE,

The final selection will occasion some surprise. Although it was generally recognised that Lacoste would have to search hard for an adoquate successor to Borotra as No. 2 singles player; it was expected that either Marcel Bornard or Christian Boussus would be given the vacancy.

Berard has been hailed by the Press, as well as by -Mile. Lenglen

Judah Ezra, former Shanghai millionaire, now facing grave drug-ring charges in San

Francisco.

CHINA LOAN DEFAULTS

RAILWAY FUNDS DIVERTED

ASSURANCES OF NON-REPETITION

London, July 24.

PITTMAN ON AIDS

ON STATION DE

TO CHINA

SILVER BROKERS WELL CONTENT

MINERS LUKEWARM

London, July 24,

The silver agreement at the Conference will prove one of the greatest stimulants to world trade yet developed, in the opinion of Senator Key Pittman, who gave an interview to Reuter to-day;

Opinions of other prominent silver advocates reveal less enthusiasm, although the Nine-Power Agreement,

Dr. W. W. You, who played an important part in the final stages

of the silver agreement, talking to an interviewer. -

Wind-Up

or understanding, is generally welcomed as a satisfac Of

tory start in the campaign for the rehabilitation of the white metal.

Mr. Pittman declared that al-{~ though he had not succeeded in atmanoATZIUS all he set out to do, the sales agreement

should. contribute PLANS FOR RUBBER

largely to world trade recovery.

With half the world knowing no

other coinage but that of silver, the raise in the price of the metal,

RESTRICTION

which he foreshadowed, would | Dutch Drafting Official

consequently benefit them con- siderably,

In his opinion, the price of silver was exactly half what it should ́be,

HELP CHINA,

The stabilisation of the price, be added, would help China to pay The diversion of railway re-ft her debts and would assist the

as the natural successor to Baretra. venues' allocated for the service Far East in many other ways,

Mr. Pittman paid a tribute to

the delegates of other countries

It is also difficult to see what has of Chinese railway loans was the influenced Lacoste to give prefer- once to Merlin, Current form sug-subject of questions in the for their assistance, especially to gests that Bernard is playing better House of Commons today. than Merlin

CURRENT FORM.

NEW YORK PLEASED.

Mr. T. V. Soang and the Indian de- legates, whose apirit _of_co-opera- Captain Anthony Eden, Foreign lon convinced him that they Under-Secretary, stated that the would not fail to reach an agree. Chinese Government had given an In the recent French Champion-assurance that the cuse of the Pe

ment. ships for instance, Merlin waking-Mukden rallway allotment of eliminated after reaching the third railway funds to supplement mili- round. He then fell victim to

In New York, the agreement is Robbins, the South African Davis tary requirements would not be re.

regarded among the silver brokera Cup player in three sets, losing 6-8, He declared that no other cases as the most, constructive develop- 2-6, 8-10. Merlin had dimeulty in overcoming a fellow countryman, R. of such diversion of moneys

pented.

for ment since Senator Pittman's re- Journu in the first round, and won military purposes were known, cent silver legislation in Congress with the scores of 2-6, 6-1, 6-1, 1-6, adding that Sir Miles Lampson permitting war debts to be paid 6-2. In the following round he cer- had continually made representa-In 50-cent silver.

The interpretation placed upon tainly bent La Croix, the Belgian tions to the Chinese Government champion, who during this lost defaults on loans occurred and the agreement is that the market week, gave Belgium victory over would lose no suitable opportunity will have to absorb only the new of impressing upon the Chinese production during the next four Hungary in the Davis Cup.

Government the importance of the years, which is regarded as maintenance of Chinese obliga- notable gain in view of the heavy tlons to her creditors. But Bernard's display was for

Captain Eden gave an assurance stocks lying title in India and else- more impressive. Not only did that action would be taken to deal he reach the last eight, but en with the claims of Mr. W. J. Black route slayed such giants às N. and other members of the staff of s Farquharson, conqueror of Fred the Pukow-Fuchen railway, when- The absence of an agreement Perry at Wimbledon, then Rver an opportunity arose. Reuter. Jestablishing Nunol, the brilliant Japanese

GIANTS SLAIN.

Davis Cup player, and finally Baron G. de Stefani, the Italian stor.

Bernard fell a victim to H, G. N. Lee, the Englishman, in the fifth round after a four sole match of 40 games.

It is also interesting to note that Stefani, who lost to Bernard in the French Championship, defeated| Merlin in the third round at Wim- bledon and accomplished it with the scores of 6-4, 6-2, 6-1...

YOUNG MARSHAL

IN FRANCE

CLOSE INTEREST IN MILITARY AVIATION

where.

Communique

Amsterdam, July 24. -- It is learned, that the Dutch Rubber Association. is now drafting a communi- que regarding the restric- tion question, It

issued probably be Thursday.Reuter.

will

on

LOCAL BOWLERS

BEATEN

Conference

M. BONNET'S REPORT ON MONETARY SIDE

A RECORD OF. FAILURE

London, July 24. The future of the World Economic Conference will be fully considered by the Conference Bureau

morrow.

to-

The Bureau will have before it i the reports of its two main com- missions, which, in turn, are based on the reports of their many sub- committees.

AIR-MAIL ACROSS

ATLANTIC.

is

Lindbergh Satisfied of Possibilities

Copenhagen, July 24. Colonel Lindbergh already satisfied that it is possible

to establish а -regular air-mail connexion across the North Atlantic. as soon as the right route has been ascertained.

in an interview, Col. Lindbergh stated that he and his wife will stay for a long time in Greenland, con tinuing their investigations.

Reuter

STRIKING P.O.. FIGURES

TOTAL SURPLUS of £10,792,000

The Economic Commission has already completed its 'report and this afternoon the Monetary and Financial Commission examined PREPARING FOR

NORTH LONDON WIN the report of the Rapporteur,

EASILY

(Our Own Correspondent). (By Telegraph, Copyright. Telegraph Mesmpra Ordinance, 1894. Received, July

5.574

London, July 24, Hongkong lawn bowlera, gathered together on Home leave, formed four tinks to-day and engaged North London in

match at Highgate. `‚ - The Hongkong team were beaten definite ratio of by 101 shots to 57, North London silver as part of the currency winning on three of the rinks, and backing of the signatory nations is the fourth finishing in a tie.. regarded as unimportant in view the probably salutary effect

This is the fret match local which the present agreement will bowlers on furlough have played In England this summer, but have upon market conditions.

arrangements have been made for

EIMETALLISM ISSUE.

It is, in fact, believed in Now York that such a pact, for the use of silver as metallic currency back. ing, is a Hikely development of the Paris, July 24.-near future. Marshal Chang Hauch-lang to- day visited the French military. aviation centros at Le Bourget and Villa Coublay-Router.

MINERS LUKEWARM. The Denver, Colorado, mining Industry, generally speaking, has given a lukewarm reception to the agreement, which does not go far

Although, according to Reuter the French doubles combination has not boon announced, there is practically no doubt that it will consist of Borotra and Brugnon. Way suggest ho is capable of beat enough to place them.

One prominent member declared The pair played together at Wim-ng either Perry and Austin, and that the plan might tend to relieve blodon and won the title, and the Cochet is to make up for this, the pressure upon the price of fact that neither will be engaged it is obvious that he cannot be silver as a commodity, but it did In the singles strengthens their used in the doubles. claim.

It is therefore fairly safe to for restoring the use of silver not correspond to the Colorado Idea assume that the respective com- bination will be:.

COCHET'S RESPONSIBILITY.

It is not concolvable that Brug- non and Cochot, famous two or three years ago for their partner- ship, would be any more effective than Brugnon with Borotra...

In fact, on the face of it, everything points to France having to rely on Cochet win- ning both singles and Borotra and Brugnon the doubles if the holders are to retain the Davis

Botiri-ang-

FRANCE. Singles

money.

WORSE IN LONG RUN! Ex-Sonator Thomas expressed a somewhat similar viewpoint. He Henri Cochet and Andro Merlin doclared that the Pittman Plan, no modified, was only -*- palliative, He thought that it might even worsen the silver" situation in the

Doubles

Jean Borotra and Jacques Brug long run

non

DRITAIN,

Singles

|| Mr. George Harrison, the their man of the Denver Chambërrijo Commered Mining Com {clared that?

11. Wa Austin and Frod J. Perry AZLIN MIS

GAP: Hughes MAS

a

others,

THE MOLLISONS” MISFORTUNE

BAGHDAD FLIGHT NOW OFF

sion.

Monsieur Bonnet, in plenary ses- A TRADE REVIVAL

It is stated that the initial ex-

London, July 24. changes revealed the close re- During a House of Commons lationship of the majority of pro-debate on the Post Office vote. blems involved and the necessity which showed an anticipated for settling first certain funda surplus on all services of $10- imental questions.

792,000, the Postmaster General, Sir Kingsley Wood, gave an in- teresting account of the Depart- ment.

CX- 11

SHARP RISE IN N.Y. SHARES

AMERICA TO SLOW UP INFLATION

PRESIDENT'S DECISION

(Special to "Telegraph")

· Du ̈· Telegraph. CopyrignI Telegraph Atapes Ordinance, $194. Receivad," July #5, 10 a.m.)

Washington, July 24.

It is learned from reliable sources that despite the present market situation and despite strong pressure from certam quarters, the Administration's de cision to slow up inflation has not changed.

It is understood that President) Roosevelt, has made it clear that he will not take any further stops designed to promote price advan ces by merely cheapening the dol- Jar.

This report appears to be cons firmed by the fact that the Ameri can dollar has been relatively stable during the last ten days. It is not anticipated that there will be any further violence in fluc tuation.

No immediate drastic moves are contemplated, according to those closest to the Administration.— United Presa Por-Gold Bar Com panzi

SHARES/RISE.

New York, July 24. The Stock Market took a sharp upward turn to-day, some of the "wet" stocks rallying; [ten points.

All

much as

Nearly all the leading counters -gained-notably, the one exception. being J. I. Case which foll away sharply owing to heavy selling and closed at 69%, compared with

on Saturday;

72

On the silver market, there was heavy buying, neatly 10,000,000 ounces changing hands.-Swan, Culbertson.

WOMEN UP IN ARMS

A PROTEST AGAINST

··· POLICE BOMBING.

London, July 24.

SOLUTION IMPOSSIBLE.

It was agreed, after change of views, that solutions

The number of telophone sub- wore, for the moment, impossible and that, in the circumstances. It scribers had increased during the was better to postpone discussion, year by 16 per cent. In the Post

A deputation from the Women' Office Savings Bank over 2800,000,- The sub-commissions according 000 was standing to the credit of Advisory Council of the League ly decided to concentraté

on 6,500,000 depositors while £200,- of Nations Unlon protested in an matters likely to lead to immediate 000,000 of Government securities interview with the Under-Secre results and modified their pro-was held by Post Office depositors. tary for Foreign Affairs, Capt gramme.

The gross turnover of the Post Anthony Eden, against the roten, The first sub-commission, deal-Omce was £670,000,000. Nearly tion of the reservation in the draft ing with immediate measures, seven thousand million postage disarmament convention regard adopted a resolution relating to atamps were sold last year. Wire-ing bombing, for police purposes International indebtedness.

Dis less licences number 5,598,078. in outlying districts; cussion on other subjects only Air mails were increasingly used. Capt. Eden expressed warm in proceeded far enough to outline The New samples post representing torest, in the viewpoints express the main problems.

an annual traffe of 20,000,000 ed and promised to report then! packages yearly was of great value to the Prime Minister, det to the trades.

He recalled his speech The second sub-commission, on

The Post Office, he said, was pra the House of Commons whic

waiting for, the was reported on July 6, Permanent messures, adopted five paring for, not

the resolutions, already reported, deal trade revival and was following a assured Ing, firatly with the adoption of policy of expansion and modernisa- the reasons for the Inclust gold as an international monetary tion particularly in regard to the of the reservation were weight standard; secondly the creation telephonic plan.-British Wireless, and based on special responsibili of central banks where they do! not exist; thirdly, the need for co-operation botweon such, banks; fourthly, their adaption in certain agricultural countries to special economic conditions; and fifthly, dealing with silver.

FIVE RESOLUTIONS.

-

ITALIAN AIR ARMADA

New York, July 24. Mr. and Mrs. J. A. Mollison landed at Floyd Bonnett Fold at as passengers in a private plano 11.06 p.m. British Summer Time;

DEPARTURE DELAYED BANK CO-OPERATION. A from Bridgeport.

BY WEATHER They declared in an interview. Referring to a communication that they now had no hope of received-regarding the general

New York,. July 26. flying to Baghdad.

principles of the mbuntary polley In deference to the advice of Lord Londonderry the Air of the central banks, the report the weather experts, General Balbo, Minister telegraphed: Much notes that the United Statos de to-day decided to postpone the des regrate to hear of ortunate legation considered that discus accident to your Mollison and of, thời machine when you accomplíanndaamul

"Mrs. Biön on this question was prema/parture: for home of his air

armada.—Router. que to the turer, but the Federal - Riserve ise on PATE

Trend Bank would gladly confer at op-4

portune times with other central raat Banks on questions of this charae- ratio, tor when they were compatiblo "pair" with national policies. Mollisons: The sub Commission was UEN

standard

delegation

ties which the United Kingdpu bora to an exceptional degree certain areas, a

He described Instances in which the saving not only of money, bũ of life, had resulted from the am ployment of bombing, as a WOR pon for police purposes. Briti Wireless.

“BANDIT” LEADEI

|_ KILLED

JAPANE

FORCES

ENGAGED