1934-01-27 — Page 1

INSTÄL

APACITY

Systems designed to

save fuel Costs.

CONSULT

C. E. WARREN

China Building.

CO., LTD. Tel. 20269,"

Suprem

Hongkong Telegraph.

FOUNDED HEL

No. 14211

SID ELUREXWF SATURDAY, JANUARY 27, 1934. 日三十月二十

SINGLE OOPT. 19 CENTS $14.00 PER ANNUM

SALE

SUMMER TOILET SOAP Excellent Quality

SALE PRICE $1.00 Box of 3 Cakes

SENSATIONAL SILVER SCHEME TO BE VOTED ON

MANAGED CURRENCY EULOGISED

NO BRITISH RETURN TO GOLD

NOTED BANKER'S

DICTUM

London, Jan. 26. Strong - opposition to an carly return to metallic basis for British currency was expressed by Sir Re- ginald McKenna, the Chair-

Mr. Walter Elliot, Minister of man of the Midland Bank, Agriculture, whose engagement to Miss Katharine Toonant, half-sister

of Lady Oxford is announced.

EPIDEMIC BEGUN?

at the annual meeting to- day of shareholders.

He said that the auccess of the policy of cheap and abundant money in maintaining the general average of prices at a lovel which, rendered production profitable was beyond question.

World trade might still bo disorganised, ex- changes chaotic)

WINDOW-SMASHING IN and internationa.

KOWLOON

dealings accom- panied by pro- |hibitive tariffs,

quotas and other restrictions, "yet:

LINCOLNS MAN not withstanding

ARRESTED

these ob- stacles the trado of Britain had,! for many months, making

The Interna

MANAGED CURRENCY.

learned

how

FRENCH QUOTA ON BRITISH GOODS

Communications. Passing

London, Jan. 26. The Board of Trade is still making a careful study of the effect on various branches of British industry of the reductions maintain- ed in the recent rovised list of quotas for British Imports into Franco and communi- cations on the subject are: passing between the Governments of the United Kingdom and France.- British Wireless.

FINES INCREASED TENFOLD

FOR MERCHANDISE MARK FRAUDS

DRAFT OF NEW

ORDINANCE

Increased, penalties for infringo- ments of the Merchandise Marks Ordinance are contemplated in the draft of an amending Bill shortly to be introduced in the Legislative Council.

U.S. Government to Purchase Up To Thousand Million Ounces of Metal

TO BUY UNTIL 16-1 RATIO IS SEEN

FATE OF AMENDMENT

NOT CERTAIN

GERMAN-POLISH RELATIONS

Berlin, Jan. 26.

A ten-year pact of non- aggression, based upon the Kellogg Pact, has been con- cluded between Germany and Poland. Both powers agree not to resort to arms. --Reuter.

JAPAN'S BID FOR

THE SENATE DEBATE AFGHAN TRADE

An important point was gained in the American Senate battle for the rehabilitation of silver yesterday when it was agreed to vote to-day on Senator Wheeler's sensational scheme for establishing a 16-1 ratio between silver and gold;

The Wheeler amendment to the monetary bill provides for the Government purchase of silver at the rate of fifty million ounces monthly, the purchases to cease (1) if the desired ratio is reached (2) if twenty monthly purchases have failed to achieve the purpose of the amend

ment

Washington, Jan. 26.7

It is explained that Section 8 of | Despite the criticism voic- the principal Orindance provided ed of Mr. Morgenthau's {that offenders should be liable on

summary, conviction to imprison abilities, the Senate to-day ment for any term not exceeding voted to give the Secretary four monthis, or to a fine not ex- ceeding $100, and in the case of of the Treasury sole jurisdic

second or subsequent conviction to tion over the $2,000,000,- imprisonment for any term not ex- ceeding six months, or to a fine not 000 Exchange Stabilisation execeding $250. The paragraph Fund."

a

In

THE WHEELER SILVER SCHEME

To Be Voted On This Afternoon

Later.

The Senate his agreed to vote at 2 p.m. to-day (Saturday) on Senator Wheeler's amendment to

the Monetary Bill.

THROUGH KARACHI FREE ZONE

MISSION IN KABUL

Kabul, Jan. 26.

A Japanese diplomatic mis- sion has arrived at Kabul (the capital of Afghanistan) to pre- pare for the establishment of a permanent Legation and to examine the possibility of ex- tending the scope of Japanese imports to Afghanistan. Y

The aim of the Japanese mais.. sion is to devised method by which Japanese goods would be permited to pass the "free-zone" at Karach without paying the Indian customs duties.

The Afghan. Government has already announced the appoint- ment of a "Minister in Tokyo. -Reuter.

Sir Jaun Simon, who is to make an Important disarmament statement on Monday, photographed on a rebant visit to M. Paul-Bontour,

BRITAIN TO GIVE NEW LEAD?

NEW DISARMAMENT POLICY

STATEMENT ON MONDAY

London, Jan. 26. An important new de claration of British policy on disarmament is to be made by Sir John Simon in the House of Commons on Mon- day, when Parliament ré- assembles..

A private in the Lincoln-cen shire Regiment is alleged to steady and grati- have figured in anotherfying progrees,. window-smashing incident tional situation seemed unripe for in Kowloon last night. the restoration of a universal A police report states that the monetary basis and the gain from universality was only the con- Boldier in question, Privato

sideration which should be allow Hymaf, walked up to the Jones ed to tempt the country back to Furniture Shop, at No. 242,

the metallic standard. Nathan Road, about ́ 9.30, p.

BRITAIN'S LOST yesterday and smashed a plate

was founded in Section 2 of the in the course of the debate on

-MARKETS "klase" "window ̄with ̄ ̄ ̄a ̈ ̄pleceTM of

brick. He mado no attempt to He urged that until the world Merchandise Marks Act, 1887. escape and was arrested by the had

to secure where the fines on summary convic- the Monetary Bill, Senator Key fokis of the shop who handed him change atability without jeopardy tion were £20 and £50, respectively. Pittman urged the extension of

Mr. Runciman's over to the police.

to the stability of the purchasing

· FINE INCREASED TENFOLD. the. President's Powers to enable power of peoples, Britain's in-

Enquiries

The Cabinet Committee and tho The Hongkong General Chamber him to give silver certificates in-

full Cabinet, have discussed the flexible task should be to demon- strate that the wise management of Commerce has asked that the stead of actual silver dollars in

London Jan. 26. problems involved at considerabla: of a monetary unit with no fixed maximum fine on summary convic-exchange for silver bullion.

The causes of the depression. in length this week and it is gathered attachment to gold was both prac- tion should be increased. Section

the cotton industry were discussed that the members of the Govern tical and in its results highly 2 of the amending substitutes a

The debate on the monetary bill to-day when Mr. Walter Runtimas, ment are all fully agreed on the beneficial.—British Wireleon.

paragraph providing that the the probable effects of the Mone- maximum penalty on summary con-tary Bill, and declared that the will be continued until four p.m.President of the Board of Trade, policy to be pursued.

when the final vote will be taken.net representatives of the spin- viction shall be six months impri- Stabilisation Fund would

The Government is confident that artifical market for the it will be passed by a good majority: ning Rection of the industry at sonment or a fine of one thousand an

Was Government's bonds, which dollára,

Under section 3 of the principal tantamount to the pegging for he fate of the striking Wheeler been con amendment is uncertain.-Reuter, Ordinance conviction before the which Supreme Corut renders the offen- damned. jder Hlable to a term not exceeding. The Democratic leader, Senator two years and to a fine not ex-Robinson retorted that all Senator

A packet of furniture castors, which apparently were the only things he took, was found on him by the police.

The total damage to the glass window is estimated at. $82.

It is understood that Private Hymaf will be dealt with by the! military authorities.

NEW

OIL-FIELD STRIKE

Mexican Eagle Company

Gets Concessions

METAL BROKERS

PROTEST

Against Price Control ceeding two thousand dollars.

Scheme

FORFEITURE,

Senator Reed (Rep.) donounced.

bunkera

·Reed proposed ̧· Wis that the United States

had

create

in

*4*, Robinson.

The amendment proposes that the Government should puchase 50,000,000 ounces of silver every month until 16-1 ratio with gold has been reached, or until a thousand million ounces of silver has been bought.TM.

STRIKE IN KAILAN MINES

ENLARGEMENT THREATENED

Manchester,

Mr. Runciman undertook to give careful consideration to the repre. sentations made with a view to improving the overseas market for British cotton goods-British Wireless.

NEW RULER

TIBET

No sensational gesture is how- ever expected. It can be safely assumed, according to competent" observers, that Sir John Simon's statement will be based upon the British Draft Convention, from which the Government has never made any material departure.

The final draft of the statement is bo considered by the Disarma- mont Sub-Committee of the Cabinet which is meeting again to-day-

OF Renter.

PENDING. FINDING NEW DALAI LAMA

MANY QUESTIONS.

London, Jan. 26. A meeting of the Cabinet. Com- mittee on disarmament, over which the Prime Minister presided, was held at No. 10, Downing Street this afternoon.

Section II of the principal Ortin-should continue London, Jan. 26.

ance which is founded on Section President Hoo The London Metal Exchange 12 of the Merchandise Marks Act, ver's Taleset Maxico City, Jan. 26.

committee have sent a letter to the 1887, provides for informations or faire polley.

Senator Baller The Mexican Eagle Oll. Com Colonial Office and the Board of complaints laid or made for, the pany, which has large British Trade, conveying the apprehension purpose of enforcing forfeiture in championed the Bill, declaring interests, has secured concessions with which the Committee views cases whore the owner of goods or to explore and develop twenty-four the attempts to obtain financial as things, which would be liable to for that it was de thousand acres of new oil land in sistance from Malaya and Nigeria feiture on his conviction, is unsigned to protect

Uncle Sam the State of Vera Cruz:

and also from Holland and Bolivia known or cannot be found. The Company will also continue In the International tin control Cases arise in which in the owner the monetary the exploration of another six scheme to be administered by the is known, but is outside the juris thousand seres In the State of International Tin Committee. diction of the courts. In order to war with depreciated currency torellove the Tabasco, the concessions to which Particular exception is taken. to remove doubts and to implement an nations, and have now been confirmed. Reuter. the suggested buffer pool backed by undertaking given to the Hongkong tremendous burden of debt of the ER KLA Tientsin Jan. 26.

government finance, in which the General Chamber of Commerce in American people. ·

A general strike is again Metal Exchange sees great danger 1917 that the point would be dealt Senator Borah and the sliver to the old-established merchant and with at the next amendment of the circle have not yet abandoned developing among the miners of

He will take charge of Tibetan to market organisations.

Ordinance, Section 8 of this Ordin their efforts to infect silver re- the Kallan Mines as a result of affairs, pending the finding and The Exchange is of the opinion ance adds the words "in the Colony habilitation proposals into the Bill, the rejection by the Administra- the crowning of the next Dalal-British Wireless, that the Tin Committee's existing aftor the words "cannot be found" though they admit that unless tion of the demand for the re- Lama.--Reuter. regulations are quite sufficient to

they can enlist aid from the suscitation of their labour union. guard against any great fluctua-

Government side, the prospects of The miners of the Ma-Chia-Kow tions in price.--Reuter,

success are not bright.

1

SIR P. CUNLIFFE LISTER

MUCH BETTER

Resuming African Tour Next Week

Loudon, Jan. 26.

TREASURY BILLS.'

-London, Jan. 26.

A total of 591,050,000 was 'ap Owing to a marked improvement plied for in Treasury blils. The In his condition; the Cotoalal amount allotted in bills at three Secretary, Sir Philip Cunliffe months was £35,00,000. The aver- Lister, hopes to leave Nairobi on age rate per cent. 18/141d, as com- February 1st in confinusfion of|pared with 18/2d, Inst week. Ten-

SHANGHAI WAR.

ANNIVERSARY

SILVER

ADVOCATES.

UNION REVIVAL DEMANDED

Nanking, Fob. 27. According to the Chinese vernacular papers, Jo, Chen Ho Tukotu has been elected Tibetan ruler In succession to the late Dalai Lama, by the general con- forence of Lamas.

Colliery have been on strike for SIR ROBERT HORNE'S several days, while those of the Linshi and Tang-Ke-Chang Col-

Senator Borah advocated the re-Heries camo out in support to-day.

"

NEW POST

Chairman of Great Western

The meeting was the last which will be held prior to the reassembly of Parliament next week.

Notice has been given of ques- tions relating to disarmament and other current international matters. which will be answered at Monday'as sessions of the House of Commons.

WINDSOR SOUP KITCHEN

PRINCE PAYS A VISIT

London, Jan. 26.

H. R. H. the Prince of Walos visited the Windsor soup kitchan

Those of the Tangshan Colliery monetisation of eliver to broaden DEMONSTRATION. the world's monetary base, de-threaten to join the strikers If their claring that thus in a shortage and joint demand is not accepted within PLANNED

throo days. a maldistribution of the world's

The case of the Kailan Adminia- Shanghai, Jan. 27. monetary gold. The President's Local popular bodies aro.mak Bill had attempted to meet the tration is that, in view of the problem by sub-dividing the gold Tangku Truce Agreement, which

- London, Jan. 26. his African tour.—British Wireless, dors for Tronsury bills to a ing arrangements for tho obser in the United States, but that vity is to be allowed within the ex-Sir Robert Horne, who was Chan-.] to-day, when about 100 children of.

provides that no labour union acti- CASARESTl be issued on February 2nd "Shanghai War" which fails on world. Se

maximum amount of £40,000,000 vance of the anniversary of the would not help the rest of the way to ungtung), the Kailani cellor of the Exchequer in 1921/22, Mining Administratiuniomelalgiard and has been a member of Pavlin: British Wireless.sy

* ̈ January 28. The programme In- SAFETY FIRST Í

the dying of half-masted flage, amqadinent to the Bill directing mand untesthe niners refer it to misto, cha'rman of the Grant cludes a mass demonstration and Senadr Wheeler Introduced an not in a position to accept the de- ment for the Hillhead Division of to Glasgow since 1018, was to-day ap- II.M.S. ́ ́ Falmouth; the;" C.-InC!a

Chinese and foreign authorities the Government to embark upon higher authorities FANA yacht, arrived at Singapore vaster- day with Lady Dreyer on nav. are taking precautions against the purchase of silver and to keep the matter is being handled by Western Railway In succession to

British Wireless. HL.M.H. Witch arrived at Pagoda any possible disturbance. Con buying until it reaches ratio of the Hopel Provincial Government the late Anchorage to-day

tral News,

sixteda to one with golde Reuter, Central News,

Speeding may get you to

the hospital sooner than

you want to,

unemployed men were having a hot dinnern

In the occupational centre în an- the Prince saw a number of un- other part of the "sam building. employed men engaged in boot Viscount Churchill monding, carpentry and other

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