1933-12-22 — Page 17

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EINAL EDITION

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Hongkong Telegraph.

Tol. 20269.

POUNDED IRON

No. 14184

14A MIŁAZ+ÆOF FRIDAY, DECEMBER 22, 1933.

日六初月一十

BINGLE COPY 16 DIVID 11600 PER ANNUM

DUNLOP

Fort

is unequalled by any other Tyre in the world

AMERICAN SILVER PLAN: OPINIONS CONFLICT

O'DUFFY TO BE RELEASED

DETENTION HELD ILLEGAL

DUBLIN, Doc. 21.

O'DUFFY

GENERAL WILL BE RELEASED IM- MEDIATELY BY ORDER OF THE JUDGE OF THE SUP- REME COURT, WHO AFTER HEARING HABEAS

CORPUS

THE AP-

PLICATION, SAID HE WAS SATISFIED THAT THE DETENTION WAS ILLEGAL Router.

MACAIRO AIR

RACE

EGYPTIAN COMES

TO GRIEF

RESCUED BY AIR FORCE PLANES

Cairo, Dec. 21. The air race for the "Oasis Trophy," one of the biggest aerial Derbies ever organised, was begun to-day over the circuit of nine hundred miles.

There are twenty-two foreign competitors in the race, of various nationalities, with British entries predominating.

All the foreign machines have landed at the first stopping-point, five hundred miles away from Cairo, the only other competitor, an Egyptian named Hazik, having beon forced to land some Afty miles to the west of Kharga,.

INACCESSIBLE REGION.

The point where the forced descent occurred is so inaccessi- blo that even camela connot ranch it.

Fortunately for the Egyptian pilot, the mishap was spotted by

Two Shilling Hongkong Dollar Foreshadowed in Some

Quarters: Banker Doubts Any Substantial Rise in Value

"A REAL XMAS

PRESENT"

SENATOR PITTMAN ELATED BY TURN OF EVENTS

PREDICTS SHARP RISE

President Roosevelt's proclamation ratify- ing the London silver agreement and authoris- ing the purchase of newly-mined silver åt 64.5 cents an ounce, appears to have taken most silver operators completely by surprise. Rum- ours of action in the silver field have faded away for some little time.

A conflict of opinion seerns, to exist in regard to the likely effect of the proclamation. In some quarters, a sharp rise in world silver prices is forecast, with possibly a two shilling Hongkong dollar within a very short time. Other circles are of opinion that a temporary rise may be induced by speculators, but that the world position will remain substantially un-

altered.

Market conditions in Hongkong to-day. show that the American announcement has not, so far, any marked effect on the Hongkong dollar, although a slightly steadier market is reported.

DEPENDENT ON OTHER PARTIES

+

A Reuter message from Wa-, return to normal conditions. Ahington reveals a belief in silver circles there that the President's proclamation will produce a swift

a French pilot in the race, who rise in the price of silver.

LOCAL VIEW.

The naval review si Happy Valley yesterday morning was a most impressive spectacle, H.E. Admiral Die Freueria Drayer is sean above Inspecting some of the blusjackate. (Photo: Mee Cheung.

RAILWAY

NETWORK IN

MANCHURIA

TWO NANKING PLANES MISSING IN FUKIEN GOLD FUND FALL TO RETURN PROJECTS INCREASED

FROM FLIGHT S.M.R. AWARDED FOR NO OBVIOUS

CONTRACT

BIG JAPANESE

Tokyo, Dec. 22. The Manchukuo Legation this morning announced the award of a contract valued at 70,000,- 000 yen to the South Man- churian Railway for the con struction of three railway lines, as follows:

REASON

XMAS OFFENSIVE

POSSIBLE

NANKING PLANS COMPLETE

Nanking, Dec, 22. approach of the

SOME INTERESTING FIGUURES

Washington, Dec. 21. The gold fund of the Re- construction Finance Cor- Christmas-festival-finds

The

From-Tumen, near Kainsi, Qu the Korean border, northward to poration has again been China facing the prospect of Mutanking, crossing the Chinese increased from $75,000,000, major internal hostilities. Eastern Railway between Alho and to $100,000,000.

Admiral Chen Shao-kwan, Minis-

NORTH SEA FOG DISASTER

SWEDISH VESSEL SUNK

WOMAN. AMONG THE VICTIMS

London, Dec. 21.

Seven members of the crew of the Swedish steamer Castor were drowned to-day: when the ship was sunk in a thick fog off Spurn Head.

The tragedy occurred as the result of a collision between the Castor, a small coastal ship of only 569 tons, and a Hull trawler named Kurd.

The bows of the Kurd cut through the Swedish vessel, which sank almost Immediately.

Boats were put out by the Bri- tish trawler, the seas in the vicinity being searched, through the fog, for some considerable time before they gave up all hope

CHINA ORDERS

NEW SHIPS

Placed in Glasgow and Wallsend

London, Dec. 21.

Government has placed or ders for two new vassels with Swan, Hunter, Wig ham and Richardson, of Wallsend, and two others with Barclay and Curle, of Glasgow.

The Chinesa National

The vessels will be of be tween six and eight thou- sand tons each.-Reuter.

Hailin,

From Pelauchen to Erhchan, A local bankor, interviewed re-and the eventual continuation of quite clear, but must give rise to fensive

The meaning of the stop is not that the order for a general of-members of the Castor's crew.

ter of the Navy, told interviewers of rescuing the seven missing garding the probable effects of the the line from Tsitslhar northward much speculation. reported it by wireless to Cairo. Senator Key Pittman, who was American scheme, expressed the to Heiho, near Blagovoschenak.

Two machines of the Egyptian responsible for the conclusion of view that there was little likelihood

against the Fuklen Mr. Jesse Jones, the chairman be expected at any moment, with

The From Koupelvingtau to Ling of the Corporation, added when the capture of Foochow as the the day, carrying seven survivors

rebels, by land, sea and air, may stewardess,

missing included a Air Force wore thus able to pro-cho London Silver Agreement, of the Hongkong dollar appreciat- yuan and an extension ceed to the spot. Hazik was declared that the President's actioning in value, so long as action was

of the making the announcement that primary objective. Chinchow-Peipino

The Kund reached Hull later in rescued uninjured.

would mean an enormous increase confined to the United States,

Railway to

the $75,000,000 was far from ex- His machine was damaged but in the United States export trade

of the disaster on board.-British hausted. The scheme, he pointed out, only affected sitver produced in America,

Wireless. whose output was only from 1,600 000 to 2,000,000 ounces per month, compared with a world production

it will be repaired where it les and prepared for night later- Router.

THE HO LEUNG TRAGEDY

FUNERAL HELD

As a result of

and

as a result of the world.

wide stabilisation of the price

of silver at 64.5 American cents an ounce.

The Senator was in fact very elated. This, he said, is a real Christmas present.

OTHERS TO FOLLOW SUIT.

Johol,

It is understood that construc- tion of all three lines has already started-Reuter,

of between 14,000,000 and 15,000,- RECIPROCAL TRADE

000 ounces,

SPECULATORS A FACTOR. Speculatora

might, on the strength of America's action, seek

AGREEMENT

Roosevelt's First Venture

?

for the

The army, navy and air force,

Chiang Kai-shek has now com Domestic gold purchases, up 10

pleted all preparations the present, have totalled 07,-drive. 485 ounces, valued at $16,976,040, but oficial information of, the who will be working in co-opera- extent of gold purchases abroad iation, are now only awaiting the still withhold.

jorder to awing into action, Whether there have been heavy purchases of gold abroad or whe-ceed to the Fuklen coast to direct Admiral Chen will himself pro- ther the addition to the fund lathe naval operations if necessary. | intended for this purpose is not-Reuter. disclosed.Reuter.

RUBBER RESTRICTION NEARLY CERTAIN

Secret Meetings Held in Holland

He added that he was confident what, but, unless other factors in- to push the silver market up some- THIS AFTERNOON and Peru, the other signatories spect of the local dollar rising to that Canada, Australia, Mexico tervened, thore was not much pro- to the agreement, would soon airy appreciable extent. ព examina take similar action, and that tho tion of the body of Mr. Ho increased value of silver, the in kong this morning was 18. 4ad. The official quotation in Hong- Leung, it has been ascertained cream in the exchange value of but business was done as high as been reached between France and

Washington, Dec. 22. that two shots were fred,

A "compromise" agreement has both bullets entered the region of countries to the same, including reaction in a downward direction exchange of commodities.

the currencies of silver-using Is. 5.7/16d. for January. Some the United States, regarding an the heart and lodged there.

The

their buying capacity which would was, said our informant, possible, weapon,

ordinary an revolver Belonging to Mr. Ho aid in raising commodity prices, unless new developments going Face will permit the importa- The agreement provides that Loung, was found beside the body, would tend greatly to United beyond tho Amerlean plantion of twenty thousand tons of American apples and pears rogard. loss of tariffs or import tax rates.

London, Dec. 22. while the United States will pormit. The Amsterdam correspondent double the minimum quota of well-informed quarters that im 784,000 gallons of wing-Reuter, portant secret meetings of the rubber producers and Dutch Government representatives have been held in the Colonial Depart- mont at. The Hague.

It has been established that

States' recovery

during the afternoon, Mr. Ho

Loung was acon by servants in hie

and hasten al occurred.

residence at Stanley, after which THE WASHINGTON PROCLAMATION France to import not more than of the Financial Times learns from

he was seen to go up the hillside

where the tragedy later occurred. The funeral was hold at 4 o'clock,

this afternoon, the remains being buried in the family' vault on Mount Davia.

Washington, Dec. 21.

CHINA'S INTEREST ordered Government pur-

chases of silver.

IN TIBET

the

VICEROY GOING ON LEAVE

DEATH OF DALAI LAMA

FEARS OF TROUBLE

IN TIBET

Hangchow, Dec. 22. According to further reports

Peking, Dec. 22. The local Tibetan community is by scouting planes returning from seriously concerned over the death

Northern Fukien last night, the of the Dalai Lama which, it is rebels appear to place importance generally feared, may lead to on the route from Sha-Pu to widespread strife in Tibet if a Foo-ting where considérable rebel propor successor to troops are concentrating with Buddhist ruler is not found,

the late Pingyuen, in the south-eastern corner of Cheklang, as

It is stressed that the existing immediate objective,.

their religious rules must be

strictly adhered to in the process Two of the Nanking planes selecting a successor, if the pre- which left for the front yester- to be preserved.

sent order of things in Tibet is

of

day morning to carry out re- The alternative is that the connaissance, had not returned Central Government be asked to send a commissioner to Tibet to up to a very late hour fastnaciat in antiling the problem,

It is learned that Panehan. Lama, who is staying in Mongolia, is prepared to proceed to Nanking: early next year to consult the Nan king Government in regard to this | mattor.-Contrat Newa...

ROYAL CHRISTMAS

The Proclamatiom, in accord-

'night. Anxiety ta felt regard- President Roosevelt has opens the United States Mints to ance with the Act of Congress,

ing their fate-Central News: ratified the London silver the coinage of standard allvor

JAPANESE CONSUL'S VISIT. He was reliably informed that agreement, and has also dollars from silver which may

the progress of the negotiations

Nanking, Dec. 22, hereafter be produced In United States and its possessions,

again looks promising,

Considerable attention has baon Insiders are apparently convinced attracted by a report subject to the depositors of such SIR G. STANLEY TO

that Mr. that restriction will shortly be a Suma, newly appointed Janna alivor aurrondering to the Govern The London sliver agreement, mont one-half thereof as degulor

TARACT FOR HIM - fait accompli and are of opinion Consul-General at Nanking, is that it may be put into operation proceeding to Foochaw, I IN it will be recalled, controls India's age and to cover all neuki charge

PARTY DELEGATION TO BE the other signatory

anies of aliver and provides that and expenses.

London, Doe, 21. by May next.

wondered if his visit concer The Secretary of State for

The Financial Times was also in the withdrawal of Japanese and Dollars coined from one half of India-in-Council has granted short formed that a further Important Formosan roaldante from the FAMILY REUNION AT SENT

shall buy in an equivalent amount such newly minted ailver will be leave, on private affalis, not ex. rubber restriction conference will terlar of Jukian, or if there is of silver. Het

returned to the depositor and the eseding four months, to the Viceroy be held before the end of Decem-sonid other object in view, -Nanking, Dec. 22. President Roosevelt made the one half surrendered to the Gov- of India, Lord Willingdoh, who will ber, probably in Holland, Reuter,

SANDRINGHAM··· The Government is planning to announcement in a proclamation, orament will be retained by the proceed to England next May.

It is reported that Admiral Chon send a delegation to Tibet, follow in which he says that under the Treasury-Reuter,`

Bhao-kuen dinounced this matter ing the death of the Dalai Lama,

London, Den, Bla efoar authority granted him in the

FINE WEATHER

with Marshal Ohiang Kai-shek Nnokingham Palace, for Mangrips: The King and Queen to-day loft Hr. Wen Teung-yao, former laat session of Congress, he has

removing Japanens realdents from Christmas and stressed the importance of ham, where they will spend the Chinone resident Minister, Atratified the London Silver Ågren- Lhasas, in mentioned as the pos- ment which has already been put sible head of the delegation into effect by the Government of

India

--Reuter,

govorniments

The King has boen pleased to approve the appointment of Bir

·THOMAS AMENDMENT, George Stanley, Governor of The antleyolone over China has Thomas amendment to the Re-Governor General during or plon remains in the viuinity of operations could be effectively car« MarKaret, chid oazofaa

The Proclamation mentions the Madras, to act as Viceroy and weakened slightly. The depres the danger ones before naval Princess Milkabeth and i covery Act, which authorises the Willingdon's absenedut British Hokkaido. Local forecasti➡N. 10. ried out against the rebele and Duchess of a York

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