1934-01-19 — Page 13

FATHROOM: APPOINTMENTS IN THE NEW

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Hongkong Telegraph

FOUNDED 1981 No. 14204

+AEXWF FRIDAY, JANUARY

19. 1934.

MAGINGLE COPY 10 CENTS

$36.00 PER ANNUM

LONG MILEAG SAFETY

DUNLOP

The World's Best Tyres

TRUCE CALLED IN THE DOLLAR-STERLING DUEL

ARGENTINE LINK

WITH POUND

Adopted as Basis of Exchange

Buenos Aires, Jan. 19.. A Covernment decree announces the adoption of sterling as the basis for purchases of foreign exchange instead of francs, as from to-day.-Reuter.

AMERICA'S POLICY

IN FAR EAST

STIMSON / FORMULA HOLDS GOOD

属

NO RECOGNITION | OF MANCHUKUO

Washington, Jan. 19. The first explanation given of the United States policy. in Far Eastern affairs by a responsible member of the Roosevelt Administration since Mr. Franklin Roosevelt assumed office was made to- day.

The official spokesman was Mr. S. K. Hornbeck, who is the Chief of the Far Eastern Division of the State Department.

The statement revealed that no important change has taken place in American policy as the result of the change in Administration.

Temporary Agreement for Stabilisation

AT FIVE TO ONE RATIO

AND POUND-FRANC AT

SEVENTY-NINE

U.S. TO SUPPORT THE POUND

Now, York, Jan. 19.

The Journal of Commerce reports that an agreement has been reached between the United States and Britain to temporarily main- tain a five to one dollar-sterling ratio.

It says that the American Stabilisation Fund is expected to support sterling, while the British Exchange Equalisation Fund will keep the pound: at a rate about 79 francs,

The report follows upon a serious dollar- sterling duel on the Exchange, Market yesterday.

The duel ended in the pound closing at 4.96 only ten cents off parity level, as com- pared with 5:03 yesterday and 5.13 before the Roosevelt revaluation announcement.

The slump in the pound is aftri-j buted mainly to the maximum valuation of the dollar and the fear of self-defence measures by Britain and France,

A slight repatriation of Ameri can capital and moderate foreign investments in American securities In the course of his speech, Mr, were other factors in a heavy Hornbeck declared that the United | market.-Reuter. States would make every legitimate" effort to be a good neighbour to the Far East by projecting the Roose- veltian concept of International re- lations already in force in Latin America into the Pacific.

Ho said that the Stimson formula

proclaiming that the United States would not recognise governments made by awords, by the employment of force, was still the policy of the United States.-Reuter,

ENTHRONEMENT OF PU YI

AMERICA'S GOLD PURCHASES

Heavy Buying in Paris and London

Washington, Jan. 19.

Naxi daring le wall illustrated in this picture, showing a ling being removed from a lamp-post in Vienna. It was erected in board day!

light by 'preudo-yorkmen 'and unfarled by a small detonator.

BREAK-UP OF THE STERILISATION IN

XIXTH ARMY

“ADMIRAL: CHEN'S CLAIM

Shanghai..Jan. 19. Peace and order have been

TRADE WAR restored in Fooshow, declared

JOURNEY

FREE STATE TO BUY IN U.S.

FACTORIES ALONG SHANNON

New York, Jan. 19.

Admiral Chen Shao-kwan, Minis- ter of Navy, on his return to Shanghai this morning on board | his flagship, Ninghai,

Admiral Chen said that the navy is controlling affairs between Foo- chow and Amoy, twenty warships being stationed along the coast.

He asserted that the Nineteenth Route Army had been broken up. Part of it was disorganisd, part had surrendered to the Government

troops, and the others had either

BRITAIN.

Special Committee's Recommendations

"

London, Jan, 18. Among, the principal recom- mendations of the report of the departmental committee on the sterilisation of the unfit, published to-night, are that, subject to safeguarde, voluntary sterilisa- tion con spuld be legalised in the сало a person who is mentally defective or who has suffered from mental disorder,

person who suffers from or is belleved to be a carrier of a grave physical disability which has been shown to be transmissible, and a person. who is believed to be likely transmit mental disorder defect-British Wireless.

deserted or joined the South, Hitler

He added that the Government forces were determined to press their advance and clean up the.

Mr. MacWhite, the Irish Free remnants,

Minister in the United Admiral Chen Shao-kwán is pro- It is disclosed that up to last State

States, announces that Mr. John ceeding to Nanking this evening to week when gold purchases by the Leyden, the Secretary of the Free attend the Kuomintang Congress.--. Reconstruction Finance Corpora State Department of Commerce Renter

tion ceased, the amount bought and Industry, who arrived in New York from Dublin yesterday, is by the Corporation totalled $181.oing to Washington next week. 674,004, of which $108,307,850 was The object of his visit is to 'DEFINITE STATEMENT bought in London and Paris.study the United States machinery

TO-MORROW

Tokyo, Jan. 19,

The first definite official, pro- nouncement concerning the pro- jected elevation of Mr. Henry Pu Yi as Emperor of Manchukuo is being made at Changchun at 5 D.. to-morrow by the Premier of Manchukuo, Mr. Cheng Isino-hsu.

Reuter

JAPAN'S THREAT IN CHARHAR

TROOPS ADVANCING ON CHECHENG

4

Reuter.

FEDERAL RESERVE GOLD HOARD

Board's Objections to Sequestration

Washington, Jan. 19.

- The attitude of the Federal Reserve Board towards the ques tion of the sequestration of Its

RUMOUR OF POSSIBLE SURRENDER

Snubs Bishop

to

or

AUSTRIA AT END OF PATIENCE

DR. DOLLFUSS'S CHALLENGE

WAR ON NAZIS

Vienna, Jan. 18. Consternation has been caused by the vigour of an anti-Nazi spcech by Dr. Dollfuss here to-day and Austro-German relations

AN OKLAHOMA. SENSATION

Company Failure Sequel

New York, Jan. 18; Warrants have boon Issued in Tulsa, Oklahoma, for the arrest of twenty-five ollmen and bankers in con- naxion with the failure in march lost of the Exchange Trust Company, Allega- tions of embezzlement are made in the charge.--

Reuter.

H

seem likely to be subjected A FORTUNE

to further strain.

FOR THE

Foreign PICKING UP

There were hopes that the visit of Signor Suvitch, the Italian Under-Secretary for Affairs, who arrived in Vienna during the morning and had a long and cordial conversation with Dr. Dollfuss, would coincide not with a fresh declaration of | hostility, but a déclaration of Austro-German peace.

Such hopes were rudely shat tered in the subsequent speech) by the midget Chancellor, who declared that Austria was at the end of its patience with Nazi terrorism.

AT ANY COST.

Dr. Dollfuss expressed his de- termination to restore order in (the country by the employment of all necessary force, not counting the cost. since their restrained methods

stood.

HUGE DIAMOND FOUND

ELDERLY DIGGER

· PAID £70,000

London, Jan. 18. Great interest has been aroused by Press messages from South Africa, stating that a pure white flawless diamond, weighing 726 carats,

had been misunderwhich was found by an elderly: ". digger They had had proof, he asserted, that German materials for bomb-

ing attacks had come across the frontier, but he hopes that the reasonable elements in the Nazi [camp would at length see that their methods were wrong,--Rei; ter.

TRAGIC HOME-

COMING

CHINESE GENTLEMAN

COLLAPSES

named Jonker at Elandsfontein, twenty miles

from

Pretoria, has been bought by Sir Ernest Oppoй- heimer, the Chairman of the Diamond Corporation and la being sent to London,

The reported price paid for the diamond is £70,000.-

A second-stone, weighting-287- carats, found near the same spot. a few days ago, has also been bought by Sir Ernest Oppen. heimer.

Elandsfontein is three miles

|from the point where the famous

Cullinan Diamond of 2,025 carats, the largest in the world, was found in 1905-British Wireless

NEARLY ONE AND SIX

Rise in Dollar This Afternoon

Overwhelmed at the prospect of returning to his native land, Louis Hock Long, a well-to-do Chinese gentleman, collapsed whilst pack- "TOO BUSY" TO SEE ing his bags to vacate the 5.8. Pre-

HIM

sident. Coolidge to-day, and died of heart failure a few minutes Berlin, Jan. 18. A remarkable incident later.

Howus accompanied by his son- occurred to-day in connexion in-law and family and was return- with the Church conflict in ing from San Francisco, after The Hongkong "dollar..which | Germany. -

many years absence.

opened at 18. 5d-this morning, The body was taken to the Kwong rose, this afternoon to 1s. 5. - . An announcement was made in Wah Hospital for embalining the course of the day that Reichs- after which it will be removed to This rise is attributed to local Foochow, Jan, 19.

bishop Mueller, the Primate of the Tung Kun,” Canton............. Yesterday morning nine Non- Evangelical Church, had had a ile will also study the wheat king military aeroplanes flew over long interview with Herr Hitler. market and see whether the Free Changchow by way of demonstra It was subsequently disclosed PRINCE GEORGE'S State could advantageously buy tion, but did not bomb this city. that not only did Herr Hitler not 2,500,000 tons of American coal Nanking officials laim that have an interview with Bishop annually.—Renter,

market in connexion with the Free! State's plans to establish fac- tories along the River Shannon.

New Commander

He will chiefly interest himself ties of an extension of, United States and Irish Free State com- merce.

In an investigation of the possibil XIXth Route Army

gold by the Treasury was explain-day and the Senate next week.

negotiations are proceeding for Mueller, but he found himself "too the surrender of the main body of busy" to discuss church affairs. the Nineteenth Route Army and It was Bishop Mueller's spokes-

TRAVELS

the appointment of a former Nine man who informed the Press that NEW ZEALAND AFTER| ed to the Senate Banking Con- Mr. Morgenthau, Secretary of teenth Route Army commander, Hitler had seen Mueller. mittee last night by Mr. Eugene the Treasury, has urgently re- General Tai Chi, as now Comman- Later it transpired that what Black, the chairman of the Board.quested speed.

der-in-chief. Both Nanking and actually happened Was that

FOREIGN MARINES WITHDRAWN

in

an ante-room for seventy His Majesty the King has ap minutes and then sent him a proved of Prince George visiting message stating that he was "too New Zealand after his visit to | busy" to see him.-Reuter,

Australia in the autumn-Reuter,

AUSTRALIA

Wellington, Jan. 19. Ho anid that while the Federal Meanwhile, the Banking Com-Canton favour this appointment Bishop Mueller called upon the The Governor-General, Lord Reserve Board was willing to give mittee of the Senate has amended and General Tai Chi Is believed to Chancellor, who kept him waiting Bledisloe, has been advised that the Treasury the gold profit from the proposed monetary legislation be in Hongkong. Peking. Jan. 18.

devaluation of the dollar, he and to authorise the Secretary of the small non-in- According to a message received his colleagues were opposed to Treasury to issue from Kalgan this morning, the the Government's taking the title terest bearing bonds, an inflation- to the Federal Reserve's gold Japanese have not abandoned the hoardings, because they should re- Invasion of Charbar.

The vanguard of a Manchukuo- main in the banks and continue Japanese force is threatening as the base of the Federal Re- They have reached a serve's currency and credit opera-

tions-Router.. point about thirty miles to the east of Chochong, which was thrown into panie by the visit of a Japanese 'plane, yesterday.- Central 'News8.

Chechong.

WEATHER OUTLOOK

A portion of the anticyclone has moved into the Pacific to the south- east of Japan. The remaindor is contred over the Lower Yangtse Valley. Local forecast: N, winds, fresh; cloudy at first, improving

later.-

FRESH INFLATION MEASURES

Amendments to

Monetary Logislation

ary measure.

TREASURY NOTES.

Another inflationary amendment

was introduced by Senator Fletcher, Foochow Returning to

Normal

chairman of the committee, on be half of the Treasury, increasing by $2,500,000,000 tho, amount of Trea- aury Notes that can legally be

Foochow, Jan. 18. Issued.

The city of Foochow is gradual- The Treasury Department has exly returning to normal. Shops plained that the amendment will have resumed business. The facilitato the forthcoming hugo reJapanese, British and American

mont securities with any other.

CHICAGO SURGERY MURDER

speculation, together with_solling orders coming in from the out-

ports.

The market is quite steady, and inter-bank business has been done

as high as ls. 0.5/10d, for Febru- Inry, U.S. dollars being about 38.

TWO NEW CARGO

SHIPS

BOOTH LINE PLACES ORDER

London, Jan. 18. Mosara. Cammell Laird and Company, of Birkenhead, are to build for the Booth Steamship Company two new cargo atsamdre bons each, the of about 5,000 frat to be completed by the end spring of 1935.—British Wireless.

ACCUSED'S "CONFESSION” ADMITTED of the year and the next by the

INTO EVIDENCE

YOUNG MARSHAL GOING Chicago, Jan. 18. that the confession was abstracted

TO NANKING After a long legal battlo be from the accused after hours of funding operations by permittingmarines returned to their ships/twoon opposing counsel in the questioning in which, she was un-}

Shanghai, Jan. 19 the purchase of any class of Govern- last night.

The accused declares the con- A special train fa waiting at the Chicago-surgery murder trial, the able to gain any respite. The military leaders here are | Gourt decided to admit into fession to be falso, the words North Station to convey. Chang The explanation did not, how-bually preparing for an attack on evidence the confession of Dr. having been put into her mouth by Hsueh-lang Washington, Jan. 18.

to Nanking -- this. The House of Representatives would authorise the issue of non- General Chiang Ting-won,

ever, say whether the amendment

Changchow and Chucnehow. Allee Wynekoop that she shot her the police. She declares that she evening to attend the Kuomintang will consider President Roosevelt's interest bearing bonde

the daughter-in-law on the operating wrote her confession at police dic-Congress. Mr. Wu, Tick-chen.and Dollar Devaluation Bill on Satur- denomination-Reuter,

of small Field-Commander, has arrived table.ành hà

tation when too tired to resist Mr. H, H. Kung-will accompany- kore--Central News,

It is ineistod by the defence them any longer-Router," Thim.—Reuter,