1934-02-01 — Page 1

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WARRENS FIRST.

E. WARREN

Hongkong Telegraph

& CO., LTD.

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Tel. 20269,

FOUNDED U1

No 14319

四拜歳號一月二英海香 THURSDAY,

1934日八十月二十

SINGLE. OOTY;)

COFEW DAY

WHITEAWAYS

WINTE

SAKE

BRITAIN'S GREAT BID FOR ARMS AGREEMENT

Roosevelt Cuts Dollar

Down to 59.06 Cents

FREE STATE AND ECONOMIC WAR

Sonate Urges De Valera to Conciliation

Dublin, Jan. 31. A Control of Imports Bill has been tabled in the Dail, authorising import quotas.

Meanwhile, the Senate. by nineteen votes to 16, approved a motion urging the Government to approach the British Government with a view to appointing a joint commission to end the economic war-Router.

GERMANY'S DEBTS

COMPROMISE WITH CREDITORS

Berlin, Jan. 31. British and American creditors of Germany have reached a pro- visional understanding with the Reichsbank,

For the six months ending June 30th next, Swiss and Dutch creditors will continue to receive full interest, but other creditors. will receive compensating advant agon.

For instance, their scrip issued during the current six months will be purchased by the Gold Discount Bank at 67 per cent, which means that the bondholder will get ap. proximately 7.69 per cent. Interest,

Reuter.

SOONG RUMOUR

DENIED

NOT RETURNING TO MINISTRY

CONFUSION

ON EXCHANGES

PROCLAMATION ISSUED

GOLD NOW $35 AN OUNCE

Washington, Jan. 31. President Roosevelt has proclaimed the devaluation, of the dollar. The gold content has been fixed at 59.06 per cont. of its normal gold content,

The price of gold becomes au- tomatically $35 an ounce, begin- ning to-morrow,

The new gold dollar became effective at 9.10 p.m. Eastern Standard Time, the White House asuing an explanation that the President desired his action to be known just before the American gold market closed so that if there was any benefit to accrue it should be enjoyed by Americans.

The foreign exchange market in New York was very confused following the proclamation. Quota- tions business

virtually brought to a standstill.

Sterling quoted at 4.97 weaken- ed to 5.04.

was

Bombing Planes

Large Mobile Guns for Use in Offensives]

Big

r John Simon

The implements of aggressive war which would be outlawed, or substantially reduced, under the

British Disarmament Plan.

PRACTICAL EQUALITY FOR GERMANY

PARITY IN ALL SPHERES BY PROGRESSIVE STAGES

The new gold dollar contains WITH RETURN TO LEAGUE

15.5/21ste grains of gold nine- tenths fine.

The new gold price applies to all gold delivered in United States. Minta or at the Seattle-Assay Offices.

The Proclamation automatically creates 11 kro billion dollar stabilisation fund derived from the gold profit,

SILVER NOT AFFECTED.

The Presidential announcement states that the gold price has been Axed at $35 in order to stabilise domestic prices and to protect. commerce against the adverse effect of depreciated foreign currencies.

The weight of the silver dollar will not be affected and will not Shanghai, Feb. 1.

be altered by the gold order. Mr. T. V. Soong has returned President Roosevelt retains the here from Nanking. He denied alright to alter the Proclamation as rumour that he was likely to be the Interests of

the country reappointed as Finance Minister. require.

He said he was resolved to devote himself entirely to the work of the National Economic

FEDERAL RESERVE GOLD. The White House has also issued

Council which had just completed a statement declaring that a sotile. a series of plans for executionment for the gold to be taken over in perlatim.

from the Federal Reserve Banks' Chinese and foreign experts of will be in the form of a credit in various branches of the NEC. are the Treasury's books to be paid. working in earnest in their respec- Inter in now gold certificates. tive fields, mostly engaged in taking a survey of existing econo mic conditions-Central Nows.

ANTI-NAZI ORDER IN AUSTRIA

MAJOR FEY GIVEN FREE HAND

*wers

Vienna, Feb. 1..

Mr. Morgenthau, meanwhile, has announced that the Treasury will sell gold for export, bealdes huy- ing.

He added that until further notice, the Treasury will soil gold for export to foreign central banks whenever American

AN ESSENTIAL

London, Feb.

We must seek a solution where a solution can be found, says the British disarmament memorandum, which makes wide concessions to Germany's claims, declaring there to be no escape from the conclusion that arms permitted one State. cannot indefinitely be denied to another.

British Government, requires ad justment in order to attain an agreement.

ARSENAL LOSE LEADERSHIP

BEATEN AT HOME BY SPURS

· LEAGUE · FOOTBALL

London, Jan. 31.· ́ Arsenal had a disastrous day to-day, losing their / undefeated. bome record and the lenders | ship of the First Division at the

same time.

F.A. CUP

REPLAYS

HEAVY SCORING ON ALL GROUNDS

CHELSEA GIVE

FINE DISPLAY

London, Jan. 31. Heavy scoring marked the F.A. Cup replays to-day, the four matches producing twenty-two goals. Bolton and Sheffield Wednesday each netted six times against their opponents.

Chelsen, who failed to win at Stamford Bridge on Saturday, ne- companied Arsenal and Tottenkuni into the fifth round by a con- vincing win" at Nottingham.

The results wore..

4.

Bolton

6. Brighton Manch. City 4. Hall City

Notts Forest 10. Cholson

Wednesday BB-Oldham

Twelve of the tearas interested

Their conquerors"

wore their North London rivals, Tottenham Hotspur, who played dashing in the fifth round of the competi forceful football to triumph by tion are from the First Division, three goals to one, the Second Division supplying Meanwhile, at Leeds, Dorby three and the Third Division County had secured a handsome (South) a solitary one. ⠀

- The revised draw for the fifth 2-0 victory.

The revised positions of the round, to be played on February

CORE

17, followala. ~EW.D. LT. A. Pu. Wednesday. Manch City 20:14 7 650 26-35: Birmingham dr. Leicester 20 14 7 5.44 20 35 20 12 9 6.57 39 33 Preston

Therefore, the

Government would still work for an agreement ever though, having regard to the leaders follow: principle of equality of rights, the agreement is round to involve Dorby (alongside of, disarmament in some "Araunal

quarters some measure of rearma-Huddersfid.

Tottenham 27 14 40 60 80 32 Liverpoo!! ment in others.

In the Third Division (South), Stoke

Swansea

"His Majesty's Governent have more than once publicly stated Queen's Park Rangers jumped into Bury or that an International agreement, second place by virtue of a win

over Huddersfield's Cup. con-Arsenal. based on the admitted principle

of equality of rights in a regime querors, while Crystal Palace Tottenham of security, necessarily involves again went down to defeat. The Section leaders are: that within the stages provided for

Q.P.R.

25 15 4 0 48 30 34

by such agreement, a situation Norwich-20-16-845-68-36 36. must be reached in which the arms of a kind permitted to one State entry cannot continue to be denied to Charlton

another.

Northampton

T. Bolton

*. Chelsea

v. Portsmouth

7. Derby C.

Y. Aston Villa.

Router.

20 157-604 36 33 RECOGNITION OF

25.13 0 0 54 31

24:14 97 55 86 81

The results of to-day's games, at a glance, follow:

FIRST DIVISION.

2

MANCHUKUO

NO ENCOURAGEMENT

3 1 Tottenham 0 Derby C.

THIRD DIVISION (SOUTH).

BEST PROSPECT. The Government are convinced that the best prospect for the future-poace of the world would be Arsenal afforded by an agreement which Leeds Un. recogulses and provides for this parity of treatment, while it After submitting proposals for guaranteeing abolishes, or reduces to the lowest

Q.P.R. possible level, all arms of a special- Watford security, Britain suggests that it is not impos-ly offensive character, and provides, sible to find accommodation between the by the most appropriate means 200,000 effectives suggested in the Draft Con security vention and the 300,000 demanded by Germany. Military training outside the army is to be prohibited.

The maximum calibre of guns even in for- tress defence systems should be limited.

Tanks over sixteen tons are to be destroyed progressively. Britain would agree to the new German short-service army being equipped with tanks up to six. tons, and with 155 millimetre guns, those of other Powers in excess of that calibre to be destroyed progressively.

available, for a greater senso of

2 Northampton

Crystal Pal -Router.

PLANS

ON CONTINENT

'London, Jax, 31. Japan's now. Ambassador, to Washington, Mr. Saito, arrived in London from Paris to-day on his way to the United States.

He declined to discuss politics, when Interviewed by Reuter; stat-

conciliation of the points of So far as Europe is concerned, YOUNG MARSHAL'S ing that he had nothing to any un- view of France and Germany is an Ossential condition of a general agreement. If a way is not found FULL AGREEMENT IN points of views this grot or sonse

to accommodate their respectivo

of security will not bo promoted and without it, substantial

armament is impossible.

die-

NANKING POLICY

to

Shanghai, Feb. 1. Chang Hsueh-linng drove Hangchow yesterday, where he FIRM FOUNDATION.

attended the graduation ceremony "On the other hand, if an agree-held by the Hangchow Aviation ment ir reached and if the agree. School

Before leaving, the Young Mar- ment at present attainable falls short of the highest hopes, the gain shat emphasised that he was will- of reaching and cbserving such an ing to help in carrying on the agreement would be immeasurable, bandit suppression campaign to and the fact that it had been full success under the leadership reached and observed would form of Marshal Chiang Kai-shek. He a firm foundation on which a fur approved Marshal Chiang's maxim

more com-"internal stability is necessary be-.|

before effective resistance to out- aida Invasion is possible."—

Germany would be permitted to acquire air force parity over an eight-year period, in which ther agreement of a exchange

efforts would be made to secure reductions in the existing air forces of other Powers.

rates with gold standard cur- rencies reach the gold export point.į The sales price will be $35, plus) one-quarter per cent.

The return of Germany to the League of Nations is considered by the British Government to be an essential condition of an agreement.

TEXT OF REMARKABLE DOCUMENT

prehensive character might

based In the future."

The way in which His Majesty's Central News: Government believe that an agree ment could be reached is set out in the second part of the memoran-

י;

til he had seen President Roosevelt. Asked whether, he saw signs ón the Continent of European govern- ments recognising Manchukuo, ho replied, with a smile: "Not just yet."-Reuter,

ANTI-VACCINATION BODIES BANNED.

Dissolved By General Goering

Berlin, Jan. 81. All anti-vaccination organisa- tions in Prusula, including Medical, Associatione anti-vaccination ac- tivities are forbidden, and exemp tion certificates will be granted only in extreme cases under doctor's orders-Reuter,

STOP PRESS

MEETING With Chiang,

PECCING SHOULD RESULT. -

Shanghai, Feb. 1. On the ground that Nazis havo

Marshal Chiang Kai-shok ar- dum. Treasury officials are of the opin~ exhausted the Government's ion that the $2,000,000,000 Ex-

Adequate provision must borived here from Nanking at 1.80 made under three heads, security,jam, and left by rail for Hang- patience, Ordinancer have been change Stabilisation Fund will not Jasued conferring unlimited po-havo to be used extensively bo-

joquality of rights, and disarma-chow half an hour later,

ment. on the Vice-Chancellor, cause the fixing of the gold prico

At Hangchow he will, attend a Major Foy, who in directed to should peg oxchange rates.

PROTECTIVE clauses. graduation ceremony at the Avia- restore order by any means he They also expect an immediate

Firstly, the British Government tion Academy, and is expected to with Marshal Chang thinks ft.

readjustment of the world 'gold

prosent form of confor Major Foyle, empowered

The Memorandum, in which the out now directivo suggestions regard the

Heuch-liang, who is already there. to price, resulting in a depreciation attitude of the British Government would lend to further disappoint security provisions, contained in Router, replace provincial

Captain-Bramwell, formerly of governors, of the dollar and the raising of in the present disarmament situa-ment, and that an agreement is the first four articles of the

|the Indo-China Steam Navigation. polico chiefs and other high the American prien level-Reuter ilon is clearly defined was publlah-most likely to be reached on a British Draft Convention as of officials whose loyalty he regards as†

broad, basia which combines the very great Importance, but they While working on the hillside at Co., muddenly collapsed In his room ed in the form of a White Paper doubtful. Reuter

Hotel this Weather permitting, "Safey First" It represents a further positive rogulation of armaments with would suggest the addition of Stanley, a coolis. Kwok Hing, received at the St. Francis

three further articles, one of injuries to ble legs when a truck fall morning, after breakfast, and ox pamphlets will be dropped by aero- contribution to promoting a re-assurances in the political field. plano (by courtesy of the Far East concillation of views and indicates

which would be the present on him. He was sent to the Govern-pired. Aviation Co., Ltd.), from the air bo the lines of compromise which His ADJUSTMENT NEEDED,

Article: 89 of Draft Convention, ment Civil Hospital, tween 7.15 a.m. and 8.15 am, to | Majonty's Government bellova Discussion since last March, declaring that the loyal execution morrow (Friday) and again between 7.15 am and 8.15 am, on Saturday, should be generally acceptable, however, hae shown that the of the Convention is a matter of

The Memorandum states, that it Besigh draft eonvention, the common interest to the signator Drivers of motor vehicles aro roquest. ed to drive with extreme caution at is recognised that the resumption underlying conceptions of which les; second, an article providing

(Continued on Page T.) these times,

of the negotiations at Genova with, remain the standpoint of the

SAFETY FIRST !

Don't trust to the other fallow round 'the corner.

doing the right-thing; do it... yourself,

H.M.S. Koppel, rollef for HALS, Cornflower, arrived at Amoy yester day. The Cronflower is expected to return to port to-morrow,”