1933-10-31 — Page 13

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The

FINAL EDITION

Library,

Hongkong Telegraph.

FOUNDED 1131

No. 14140

-ATAN TUESDAY, OCTOBER 31, 1933.

BETALE COPY 18 CENTS

214.00 PER ANNUM

WRITE YOUR OWN NAME OR INIT

IN GOLD WITH THE

NEW ELECTRIC PENCIL

"ON ANY ARTICLE YOU PURCHASE

WHITEAWAYS

COMMODITY DOLLAR PLAN OVER FIRST HURDLE

Currency Pact With Britain Persistently Rumoured

ROOSEVELT FREE

TO ACT

ADMINISTRATION SPLIT

AVERTED

THEORISTS TO BE GIVEN CHANCE

WASHINGTON, OCT. 30.

AMID THE CONFUSION THAT HAS DEVE-

· LØPED FROM THE PRESIDENT'S GOLD PLAN AND HIS PLUMPING FOR THE “COMMODITY DOLLAR” EXPERIMENT, EMERGES PERSISTENT REPORTS THAT A TRUCE BETWEEN BRITAIN AND THE UNITED STATES HAS BEEN ARRANG- ED TO PREVENT A CURRENCY WAR,

President Roosevelt has won the im- mediate battle among his close advisers. That a grave split threatened at one time is shown by an announcement that the opponents of the gold campaign have agreed to suspend criticism for the time being.

Wall Street is still strongly antagonistic, as far as can be gathered, and the Governor of the Federal, Re- serve Bank of New York has been in consultation with the President.

The general impression is that if President Roose- velt wins through, it means an end to the gold standard on the old basis of working. ·

SILVER-DEMANDS RENEWED

Mr. Yotaro Sugimurs, former Vice Secretary of the League of Nations and Beron Tokugawa, Japanese. Minüler to: Canada, who ⋅ are on a tour of Manchuria and China. They were reported to be travelling to Hongkong on the President. Hypvor, but their names did not appear in the passenger list. It is) suprer, believed that they Interd to visit "Hongkong Kad Chiton.

TRADE UNIONS

WIN OUT

THE PENNSYLVANIA STRIKE OVER

Washington, Oct. 30.

A vittual agreement has been reached in the "captive" mines (those in which all the products are absorbed by Iron and steel companies) strike in Pennsylvania. The story of a currency truce chases abroad on Wednesday at culmination of a long dispute was An announcement of this happy la carried in the Chicago Tribune, latest,

The Federal Reserve Board held made at the White House to-night, which says that it was concluded batweon Britain and the United two long sessions to-day. Presi-when it was stated that the em- States to-night.

dent Roosevelt received. Mr. Harri- ployers have practically agreed to. The truce is said to have follow-son, Governor of the New York trade union focs are deducted in the check-off system, whereby ed & long conference at the Federal Reserve Bank, this even- advance from the men's wages. Treasury between Sir Frederick Ing. Leith-Ross, Economic Advisor to the British Government, who is in

SILVER SENATOR ON WARPATH

New York, Oct. 31, Senator Pittman hails the gold purchase plan as pre- saging the permanent sta- bilisation of currencies and a return to the gold stand- ard to a limited extent by all nations.

Ho says he has advised President Roosevelt to in- crease silver prices propar- tionatoly to the rise in gold prices.

If the President does not do that, I shall intro- duce a Bill in the next ses- sion

Stor of Congress providing

+

TENTATIVE TRUCE.

Router.

com-

MR. T. V. SOONG'S

·FUTURE

The Chicago Tribune's-Washing-

correspondent later municated a message to his paper declaring that "a seeret Anglo- American currency truco" had been; renched.

He says that after several hours PREMIER AND SUN FO of negotiatlons between

Sir

Frederick Leith-Ross and members

MAKE CALL

با

of the Federal Reserve Board and

Shanghai, Oct. 31. the United States Treasury De Mr. Wang Ching Wei and Mr. partment, a basis for a tentative Sun Fo arrived here this morning agreement was reached,

from Nanking. They immediate- Ho ndds that the agreemently called on Mr. T. V. Sonng at provides for the pegging of the his residence, where w conference exchange value of the pound and is being held to discuss Mr. T. V. the dollar in relation to "cachi Soong's position as member of other, and says that this means a the National Economic Council. truce which will enable President Central News. Roosevelt to pursue his gold pur chase scheme without upsetting British trade. -

INTERNAL PACIFICATION.

Menuwhile, the President ap

American silver at a 16 to 1pears to have ratio and it will be passed overwhelmingly."-Router.

overcome for the

most another serious obstacle, the throat of internal dissension, -

It is stated that the majority of the so-called "Conservativó Wing"

L.N.E.R. £2,000,000. SCHEME

Big Development Programme

7

FRENCH CABINET

POLICY

PLANNED ECONOMY ON NEW PROGRAMME

FISCAL LAW CHANGE

Paris, Oct. 30. The new French Cabinet headed by M. Albert Sarraut held its first meeting to-day, when the declara- tion of policy to be presented to the Chamber was discussed.

It is learned that the Cabinet unanimously approved the draft of the declaration, which will be announced in the Chamber on Friday.

It is also learned that M. Sarraut will probably announce the early presentation of an ambitious scheme to assist in French economic recovery by utilising all the resources of the French Colonial Empire.

He will also announce the elaboration of a new plan of national work and the intention of effecting im portant changes in the present fiscal laws. Reuter.

THE PANTER PALESTINE

CASE

QUIET

NO CHARGE YET MADE

Moderat

NEA

“ASIATIC PEACE” CONFERENCE

Gen. Araki's Reported Suggestion

Tokyo, Oct. 31.

It is learned on high authority War Minister, has suggested to that General Araki, the Japaneao the Government a plan for a "Peace Conference for Asia" and recommending that those Asiatic . nations which should bo Invited to participate should include China, Soviet Russia; Siam, India and Manchukud

The object of General Araki's suggestion is to forestnil the second Washington Conference, which might precipitato a world erials, according to the view of

AIR OF TENSION STILL the Japanese mintary chris

EXISTING

Mr. Hirota, the Japanese Minis- tor of Foreign Affairs, howevor, takes a different view. He is re- ported to have said that such a conference; if it involves European.

THE EMBASSY'S HAIFA HARBOUR nations, would eventually lead to

REQUEST

London, Oct. 30,

CEREMONY

According

London, Oct. 30,

to reports

London,-Oct-30- Improved trade condi- tions have caused the Lon- don and North Eastern Rail- ways to undertake the ser- vice of a development pro- gramme.costing £2,300,000 which will include the con- struction of many additional engines and vehicles for the extension of its fast freightdent in Munich of the Daily

The British Ambassador in Germany, Sir Eric Phipps, has received a further note from the German Ministry for For-reaching London, the situa eign Affairs, from which it ap- tion in Palestine was to-day pears that no decision has yet

and

express passenger trafficBritish, Wireless.

been taken with regard to the quiet though some tension formulation of a charge against still exists after the riots of Mr. Noel Panter, correspon week-end.

CONSULATE precise information regarding the

MURDER

LIFE SENTENCE ON UKRAINIAN

STRANGE LWOW OUTRAGE

Warsaw, Oct. 80.

intonference in Sluo-Japanese affairs by European Powers. Central News.

HSINKIANG GOVERNOR

ARRESTED

Alleged Signature of Secret Treaty

Nanking, Oct. 31.", A surprise has been caused here which those by the sudden arrest of General

Telograhp who was arrested by This morning, the High Com the Bavarian police six days ago. missioner, Sir Arthur Wauchope, The Bitish Ambassador has re- visited the Government Hospital quested the Minister for Foreign in Jerusalem to Affairs to furnish him at the wounded in Sunday's disturbances Chin Shu-jan, formerly Civil carliest possible moment with had been taken.

Governor of Hsinkiang, who ro The formal opening of Haifa cently arrived in Nanking from charge..

Harbour to-morrow will take place, Tientsin vin Nanchang, where he but the It is understood that the normal

ceremony has been had an Interview with Marshal curtailed.

Chiang Kai-shek and made v re- procedure in this case would be for the Bavarian Government to It would appear that the recent port to him on the Hainklung send papers to the State Prosecu- troubles largely originated in the situation. tor at Leipzig with a recommenda. mistaken belief among the Arab tion as to the nature of the charge. population that the events in Only the State Prosecutor, how- Germany had led to the admission over, can decide whether the case to Palestine of an excessive num

ber of Jewish eralgrunts. should be proceeded with and, if

The facts are that the emigrants 80, in virtue of which article in the Criminal Code the charge should be preferred.-British Wircleen.

According to official statements, Chin Shu-fen, when he was in office in Hsinkiang Province, secretly signed a treaty with it

certain nation without the know- Government.AAR KAN ledge and approval of the Central of all nationalities are controlled Chin Shu-jen had beon "Civil by the Palestine Government Governor of Hsinkiang for almost particularly as regards these seek five years until the beginning of Ing employment, the numbers of this year when the first coup d'etat

conditions in other countries but

The trial of the Ukrainian CATHEDRAL FUND who are regulated not by the took place at Tehua, Contral

rested following the shooting at

STOP PRESS student Mikolaf Lemyk, ar-

Boston, Oct. 30. Vince Dúndes won the world's

of the Administration, Irrespective middleweight championship the United States in connexion of their personal views regarding to-night beating the holder, with the war debt negotiations, the merits of the Commodity Dollar and Mr. Acheson, of the U.S. Plan, have now promised to keep Brouillard on points-Reutar. Treasury,

allont until the advocates of the Plan have had on opportunity, to prove their thesis...

FIRST MOVE.:

It had earlier been reported that the United States had made the

| If the experiment proves to

be unworkable, President Roose-

*

the office of the Soviet Consul at FURTHER DONATIONS Lwow, concluded to-day...

FOR ROOF RESTORATION

Lemky was found guilty of tho murder of an officin" of the Con- dulato, and was sentenced to fm- prisonment for life. title

Lemity confessed that he was an have been received: Louganisation,

agent of a Ukrainian terrorist or Mr. & Mrs. H. F. Bunje,

Jerusalem, Oct. 31. The country is virtually la a

first move for an understand-velt is prepared to try other atatu of martial law. Although and then to have locked the

Ing with Grant Britain on the gold | situation..

In order to further the quest,

Sir Frederick Lofth-Ross Inter

The outrage 'wag a strange one in many ways.

Lomyk appears to have enterod the office, planning an attempt on the life of the Vice-Consul, to have shot one bffcial dead and to hava slightly wounded another,

doors and barred the windows price levels gradually-Reuter, tho altuation has greatly im- of the premisce, with himself fa-

proved, there is still considerable side certain to be captured,

Police summoned forced an on- tension.

try through a window on the ...The Jows ara carrying on nor=[second floor und arrested Lomyk. A surtax of one hundred pormal business throughout the coun--Router

expedients to raiso domestic

rupted the debt talks to confer with TARIFF DISPUTE

Mr. Acheson, the Under Secretary

of the U.S. Treasury and Mr.;

Eugeno Black, chairman of the Federal Resorve Board..

READY TO BEGIN.

•

Meanwhile, Presidint Rossovalt's aides" are prepared for gold pur)

Paris, Det. 31.

cont, ad valorum is to be imposed try quietly confident in the upon all Imports from Brazil {ornment.-Reutor The order is issued in retaliation

for a similar tax imposed on French goods in Brazil-Reitor

"

by the capacity of Palestine pro- fitably to absorb the additional labour British Wireloas,

WIDE POWERS.

Jorusalem, Oct. 81.

Nowa.

BANK DEMOLITION

The following further donations Very wide powers, Including the Coolie Hurt in Jump To

A. V. G. Previously acknowledged

Total

-$10.

right of arrest, court-martial and

| dopórtation of offenders will bo 10 vested In the Administration as 5,055 from to-day under a special Pro- $6,075 clamation for securing public

Bnfoty, Router

Escape Crash

A-Shanghai Chinese named Tong Yau-ming received minor. injuries when he jumped from a lodge on the old Hongkong and Shanghai Bank this morning to escaped heavy fäll of masonry, Four coolies were working on the

JAPANESE READY TO ABOLISH outer walls on the east side when,

SUBMARINES

with a resounding crash and amid: clouds of dust several tons of masonry.comprising one of the arches running at right angles to the outer wall collapsed. London, Oct. 81. his information is 'dorived from Luckily no one was working on Japan la ready to scrap all her rellable source and adds that with the arch, govPresident Franklin D. Roosevelt are prepared to follow suit and Japan agreed on this issue, the submarines, provided other. Powers Britain, "the_|_United States and has appointed Mr. Joseph B. provided, aircraft carriers are also possibility of oventual interna Lalth, Middlesbro Antwerp; London Ben Line B. Bogarty frond Keenan, of Cleveland, to be abolished, according to the Ddify tional outlawing of submarines and Straits left Singapore vik Mani n assistant attorney general in suc Telegraph's naval, correspondent. has become less remoto than for this port yesterday and is Magi cossion to Mr. Pat Malloy, resigned. The correspondent declares that hitherto Reliter

arrive here on Tuesday pert t