1933-10-30 — Page 1

PLUMBING

C. E. WARREN & CO., LTD;

China Building, Hongkong.

Dollar on

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kam Street,

bit, Ltd. Longkong.

The

FIRST EDITION

Cou

Hongkong Telegraph.

FOUNDED 1001

No. 1413

1933. -AM WHEAT MONDAY, OCTOBER 30,

'KINGLE UOPY 11-CENES

BABU TER ANNUM

DUNLOP

is the

SAFEST TYRE

INTERNATIONAL CURRENCY RACE FORESEEN United States to Extend Gold Plan to Foreign Markets

REHABILITATION

OF SILVER

Congress Loaders SUDDEN CHANGE

Demand Action

Washington, Oct. 20.

The Blver Congressmen" aa- nounce that they will meet in the middle of November to formulato A united programme for, action

to rehabilitate silver unless Prest

dent Roosevelt makes a move to stabilise the metal,

In the meantime a 'group com- posed, of Senators Thomas, King, Wheeler and Pittman intende to press for congressional action Im- mediately when Congress incels In January with an emergency programme ind

permanent plan to be advocated concurrent- ly-Reuter.

ARAB PROTESTS

ARRESTED LEADERS TO BE KEPT IN GAOL

A QUIET DAY

Jerusalem, Oct. 29. · Palestine was quieter to-day though there were occasional incidents and

an atmosphere exists which suggests the possi- bility of further disorders,

All Arab prisoners were remande

In custody for fifteen days. by

the British magistrate at Aere | to-day.

In the meantime, the mood of

the Arabs is revealed by a re-

solution passed at

the Arab Executive,

1

OF PLAN

SECRECY ENJOINED AFTER LONG CONFERENCE

WASHINGTON “NERVES”

NEW YORK, OCT. 29.

A CRISIS IS THREATENING IN ADMINISTRA- TIVE CIRCLES. THE GOLD PLAN HAS FAILED MISERABLY IN ITS FIRST OBJECTIVES. PURCHASE OF GOLD ABROAD HAS NOW BEEN ORDERED.

The White House correspondent of the New York Herald-Tribune reports that the attitude in N.I.R.A. circles is compounded of "confusion and watchful wait- ing" regarding the first week's results of the gold plan.

There are rumours of resignations and of

a general shake-up at the Treasury and the Federal Reserve Board.

It is learned that Mr. Acheson, the Under-Secre tary of the Treasury Department, offered legal opinion which President Roosevelt ignored in announcing the gold plan.

The Washington Post declares that. President Roosevelt is even prepared to declare an outright cut in the gold content of the dollar is the experiment con- tinues to be inconclusive.-Reuter.

PRESIDENT GETTING DESPERATE?

Washington, Oct. 29. President Roosevelt has

meeting of authorised the purchase of

protesting against the loged illegal firing by police at Jaffa,

the

pected to be made through Reconstruction Finance Corpora- tion,

There are hints that the Pre-

gold abroad, thus reversing aident is considerably disappoint- ed by the fallure of his gold policy al-decision reached only four to appreciably affect the price of the days ago to delay this phase commodities.

of his gold plan.

demanding the immediate re- lease of the Arab leaders, and;

GOLD PRICES.

The object of such purchasCH The Washington Post, the pro-

waters.

With another crisis threatening, only a few American warships are stationed in Cubax Photo shows a destroyer lying in Havan a Harbour, with the Dome of the Capitol in the

background, centre, and the President's Palace at left.

Dr. Grau San Martin, whose re- sime is on the verge of collapio.

declaring their intention of can only be to influence foreign prietor of which is Mr. Eugene ANNEXATION

sending a protest to the Arab currencies. Kings and the Nations.

League

of

It is also understood that President plans to gradually It is reported from Damascus crease the price of gold in

that as a result of the develop- ments in Palestine, all Arab nowapapers have been suspended. ---Reuter,

ELECTION MARRED BY BLOODSHED

DISTURBANCES IN MADRID

Madrid, Oct. 26. The Spanish clection fight to-day jwas marked by violent die. turbances, the police being obliged in many places in the capital to uso their revolvera, Last evening. bloodshed occurred in scuffles be tween the Socialists and the Ex- tremists of the Left. The list of casualties during the past few days includes several dead and many badly injured people.

· NAZI·· SABOTAGE ATTEMPT

VIENNA RADIO STATION ATTACKED

Vionna, Oct. 26.:

WHAT DOES IT MEAN?

Meyer, the fornier Governor of the the Federal Reserve Board, also re in-ports that President Roosevelt's theadvisers are also disappointed by

Washington, Oct. 30, President Roosevelt's Conference with his advisers lasted for three. hours.

All attending are under

a strict injunction to say nothing.

The White House state- ment is very vague, merely.. glving the announcement of the gold purchase abroad, with the names of those attending the conference.

Observers are of the opinion that the extension of the gold campaign to. foreign markets is a step forward to managed cur- rency and to virtual Ameri- can control of the world's gold.

Others envisage an inter- national currency deprecia- tion race.

Undoubtedly the decision will increase the difficulties of the gold standard coun- tries. Reuter.

A group of unknown people,ASTMASSAELSAULIOEDE SAMANTHA MAKERANJUE bellaved to be members of the

National Socialist Party, last United. States until a figure has night made an attempt to dam-been reached indicating a reduc- nge the wireless station at Bisam-tion of the goll content of the berg, a Vienna suburb.. They wore, however, prevented from raiding the premises by members

dollar by one half,

DISAPPOINTMENT.

DENIED.

the munner in which prior calcula- tions regarding the effect of the geld policy announcement has mis- REPORT RIDICULED

fred.

It adds that they now mean to raise the gold price slowly from $31.36 an ounce to $41.34 a fine ounce, which would be equivalent

TOKYO

NEW CUBAN CRISIS THREATENING

MR. T. V. SOONG'S RESIGNATION

ANXIETY IN SHANGHAL

RETURN URGED

Shanghai, Oct. 30. The resignation of Mr. T V. Soong has caused, some feeling of alarm in Shanghai commercial and banking jcircles.

The Shanghai Chamber of Cont- urce and other public organisa- tions have sont a telegram to the Central Government urging that no effort be spared to induce · Mr. Soong to remain as China's Fin- |ance Ministër, t

They state that at this time of national crtels It is not wind 10 permit Mr. T. V. Soong to quit..

The Shanghat market has been seriously affected by Soong's nove and it is urged that no effort be spared to induca Soong to change his mind, ·

.

They have also appealed directly to Mr. Boong, urging him to withdraw his resignn- tion.

MR. BOONG'S REASONS.

SAN MARTIN REGIME COLLAPSING: The reason given for Mr.

STRIKE MENACE

CRITICAL SITUATION

Havana, Oct. 29. Another crisis is threatening in Cuba and the collapse of the San Martin Government may occur at any moment.

Soong's rosignation le his dis-: | agreement with the Government's. declared policy towards Japan,. although other observors express the view that his inability to im press on Gen. Chiang Kai-shok` the significance of the financial position in relation to military oxpenditure had its place in the decision. For a long time, the. tive leaders have boen at variance on several points of policy. They were acutely out of accord at the

time of the resignation of Marstal

Chang Hsueh-long and after Mr. Soong's much-discussed visit to

Jehol. Matters were prevented-

relations were restored, but, since

It has been crumbling for days. The grow- ing labour unrest, which has culminated in a from coming to a head and better three-day nationwide strike of the transport Me: Soong's return from Europe, light, power and water services, may complete disagreement constantly has rear- the wreckage.

A powerful section of the ABC revolutionary society threatens to withdraw its support, in which case the Cespedes Party may return to power.

Meanwhile, with labourers strik-

ed its head.

KIANGSI TROUBLE. Gen. Chinng Kai-shek's recent disappointments in Klongsl have stirred to him resentment at the reluctance of Mr. Soong to disburse. money for military operations. The situation is, of course, render-

ing, the oil companies have de-situation and try to reconciled more difficult by the unfavour- IN einred a lock-out owing to the differences among the politieni able reports from Szechuan and

to a fifty per cent, cut in the gold PU-YI AS EMPEROR

content of the dollar-Reuter,

There is every indication that

ition.

This encourages the belief that financial houses, the stock ex- change and produce exchanges will be subjected to drastic regula-

ition.

According to a recent Chinese

others.

employers' refusal of some of the parties. seventy deinands made by the ¡employees.

The Government seems to quite helpless and is unable

secure control of the situation.

MALARIA SCOURGE.

the evident revival of the fortunes The Chief of Police has roporled of Gon H, Lung, who, with Gen. to the Government that 150 work-Hou, operating in Szechuan, is bees have been arrested for creating now a formidable aspirant to

disordera.

power in the Yangtze Valley. Railway tracks removed at Gen. Chu Teh in Kiangsi, is on- Jovellanos of a distance of one other Red leader whose pro- kilometre, reaulted in the interrup-minence is again noted, in the tion of the train service between light of his recent exploits. Down

to

HOW DR. NIELSEN ESCAPED

the US. Administration is tending press report, the Japanese Gov- to become more radien und capital, ornment has decided to abolish There is a further complication the provinces of Matanzas and south, Gen. Chan Chai-tang is sald is likely to be controlled in addi-l the Manchoukbo Government in the alarming increase in In-Santa Clara. Four trains ran off to be developing an independent tion to wages, prices and produc-1 and to annex Manchuria as antestinal malaria, fostored by the the tracks in the Matanzas pro-policy and altogether the Govern

vince, elakening off of sanitary meas

Eighteen workers' syndicates cumulating.-Reuter,

ment's troubles seem to be ac- integral part of the Japanese Bures. This is increusing the The criticisms of business mon Empire.

Government's difficulties and its are reported to be ready to go on that capital cannot be employed January 1, 1084, It was added, collapse seems certain.

strike at any momont." owing to uncertainty and new would probably be the day on The Cabinet, In fact, handed in STUDENT DEMANDS, legislation controlling fresh issues which the change would be carried their joint resignations to the afe countered by the statement out. This report is denied and President, Dr. Grau San Martin, Reinforcements Are kopt in! that the free use of money is no ridiculed by Japanese officials and a few days ago, but the President readiness in police stations and longer permitted.

decided to hold the matter, in soldiers have rearranged machine- While however, Japan's annexa: abeyance ponding a new attempt guns and sandbags outside the

AGED MISSIONARY - tion of Manchuria la considered at reconciling the warring fac-prosidential palace in connection extremely unlikely-especially as tions by offering a semi-Parlia with the strikes.

SAFE AT HSIUYEN matters are at present-there are mentary government.

It la reported reliably that Dr.! Indications that certain changes

Tokyo, Oct. 26. Grau's student supporters told him CESPEDES TO RETURN,

An official despatch has reached and developments are possible” in...

he must decide whether he or Col, the comparativaly near futuro, go

There are no signs that this will Fulgencio Bautista, the former the Foreign Office from Gen. Two recent events seem to bear;

|Hishikari, Japarnaso Ambassador at 1. Meanwhile figures gathered by

prove accepatble and with a strong sergeant who now heads the army, Changchun, reporting in detail the the conference of statisticians closely on this possibility.

One was the arrival in Japan of wing of the ABC threatening to is to be prealdent. show that the increase in distribu- Dr. Cho Hslape, chict or the withdraw samort, the present They are said to have added rolonso of the American mission- tion and manufactures during

that if Dr. Grau San Martin pro-ary. Dr. Niels Nielson, from September was less than the Legislative Yang of Manchoukuo, regime seems doomed.

There are many who are con posen to remain at the helm he bandila yesterday morning. normal. Bensonal increase. The to carry out a close study of the

After Dr. Nielsen's capture in total volume of sales declined by Japanese Constitution and parlla-fident that the Cospedes Party will must drop Secretary of the Interior

shortly hd reinstated, possibly Guiteras from the cabinet and April last, the despatch says, a ten per cent, compared with 1082, mentary system, and

The other was the appointment, with some assistance and protee- remove Chief of Police Ulpiceno punitive expedition was started in

Francoas The energetic "Buy Now" on October 17, of Major-Gen. Gondition from the United States.

P conjunction with Japanesed troups," The political situation has been but the bandits 40 frequently, campaign now proceeding to Doihara whose activities fu. the

quiet recently, since the bloody changed their base from mountain combat this decline has shown early stages of the Manchurian

battle at the National Hotel be good results, but the aim has not trouble won him the titls of "the been achieved. It is thought Japanese Lavrence of Manchuria" Students Association make charges former officers, leading to hopes When the Japanese garrison was The ABO organisation and the tween the troops and barricaded to mountain that the rescue work was 'ronderod extremely difficult........ that the check to business is as chief of the Mukden Special against the Minister of Finance that order might be mal ained inter informed of the exact loca reaction from the artificial boom Service Bureau early in the summer,

4

STATISTICS.

of the Austrian auxiliary police, The announcement authorising who fired shots at them. The in the purchase of gold abroad was vaders escapad, 'carrying their made following a meating betwoon Tho R.M.S. "Empress of Asia" loft wounded comrades with them. President Roosevelt and his finan-Yokobama on Saturday at 8 pm. and Purault was organised by...... the|cial advisors,

is due at Vancouver on Monday, police, but no one-one was caught, Immediate purchases are ex- November 0.

SOONER OR LATER.

In a press interview, given on his arrival in Tokyo, Dr. Chao, who is a Japanese-educated lawyer with

· (Continued on Page 7.

ABC CHARGES.

government,

and other ministers who are and United Statoa dibumatic accused of being incompetent to recognition extended to the Graution of the bandits' lolf, this place hold ministerial posts: The minis

was surrounded. Taking advantage: tors concerned have offered to Most of the American warships of the ensuing contusion, Dr.. tender their resignations, but sent to Cuban waters in August Nielsen escaped from the outlaws a President Grau San Martin de and September hayd been with- and reached Houyon safely yester→

clared that he would study the drawn.

day morning-Reuter