1934-02-24 — Page 21

The

FINAL EDITION

Library, Supreme

TERRAZZO

THE PRACTICAL substituTE

FOR MARBLE

ASK THE EXPERTS.

on New Yorfions ang Te

USMEIDENTIAZK8/hing Post, Lia,

km Street, Hongkung.

Hongkong Telegraph.

C. E. WARREN

China Building.

CO., LTD.

Tel. 20269.

POUNDS) 1. MUHAZXG SATURDAY,

FEBRUARY 24, 1934.

日一十月正

BINGLES OOPT 18 CENTE 16.00 PER ANNUME

No. 14214

WHITEAWAYS

WHITEAWAYS NEW BASIC

ST. VALUES LEGER

BLADES.

B. V T. 3..

75 cts. packet

of 12.

The "St. Leger" Safety razor. English made. Complete with one Blade.

BASIC VALUE price: 50 cts.

BANK CHAIRMAN CRITICISES SILVER PLANS

FRANCO-BRITISH TRADE

Peace Negotiations Next Week

London, Feb. 23.

It is anticipated that the announcement of the open- ing of negotiations for a new commercial agreement between Britain and France will be made next week,

Confirmation was given. in Paris to-day that the suggested further ten per cent, cut in the quota of British coal entering France would not now be imposed, -British Wireless,

NEW CHARTER FOR CHINA

A DEMOCRATIC CONSTITUTION

TAKING SHAPE IN NANKING

Nanking. Feb, 24. The new constitution for China is at last beginning to take shape.

An important announcement on the matter is expected to be issued shortly which will indicate a distinct advance towards the pro- vision of a democratle government for the country,

The new constitution is now be lieved to be in rough draft after months of careful deliberation by a apocial committee appointed by the Executive Yuan.

tion of a Chairman of the National The provisions include the clee Government, whose position will be virtually that of President,

EARLY SURPRISES

AT RACES

BİG DIVIDEND ON

PARI-MUTUEL

SOLDIER PONY'S GREAT WIN

*.

Shocks for punters intro. duced the annual race meet- ing of 1934 this afternoon,

complete upsets occurring in the first two events on the card, possibly the result of. the rather heavy going.

Panama scored a great win in the first half of the Wongnelchong Stakes to pay a dividend of $71, while Dancing Butterfly, quite un

considered, won the second half

were

of the event with comfortable

Six ponles

left at ense. the start and Mr, S, N. Pan was

the fold, but Dancing Butterfly

thrown by Taranto when lending

RACE RESULTS AND CASH

SWEEP FIGURES WILL BE

FOUND IN PACE TEN

run well enough to suggest that it would have made no difference. He paid $335 on the pari-mutuel for a win.

The thrilling opening was, how- people. over, witnessed by few

It was not until the fourth race that the crowd began to assume any size. His Excellency and Lody Peel-arrived-in-time-to wit teas Nell Gwyn's run in the fourth race, taking third place money. Bronze Era, the winner, the record, splendid time for the was only one-fifth of a second off going, which was heavy though better than expected after last night's heavy rains.

EXCITING RACE..

The most exciting race of the Maiden day was provided in the Stakes.

Opposition to American Price-Raising Efforts

Wood and his wife, who left for A happy snapshot of Mr. Justice

Home on retirement to-day.

LIEUT. MASSIE DIVORCED

MENTAL CRUELTY

PLEADED

HONOLULU CASE RECALLED

#agen

(Special to "Telegraph")

fly Telegraph. Copyright, Telegraphio Men- Ordinener, 1994. Kreelved, February 50 nm)

Reno, Feb. 23. Mrs. Thalia Massie, who figured the sensational Honolulu "Hon- our ̄ ̄Slaying" case in 1932-has-

Bled a suit for divorce against her husband, Lieutenant Thomas

Mrs. Massie, when she arrived · at Reno early in January em Massic, of the United States Navy.

phasised that the divorce, was being filed at the request of her husband and had no connexion with the Honolulu case. Reuter.

BEHIND CLOSED DOORS: (Special to "Telegraph")

BAD PRECEDENT H. H. KUNG

IN LONDON

MORE HARM THAN GOOD PROBABLE

CHINA EXPORTING

SILVER

TO DISCUSS SILVER

MEETING S'HAI BANKERS

U.S. CHAMBER TAKES A HAND

(Special to "Telograph")

Shanghai, Feb. 24. It is authoritatively learn- THE FUTURE OF SILVER, as was expected ed that the Central Govern- with the air full of rumours of impending ac-ment will carefully consider tion by the United States to force an increase in price, occupied a prominent place in the speech of Mr. T. E. Pearce, who presided at the annual meeting this morning of the Hongkong and Shanghai Banking Corporation.

Mr. Pearce revealed that the Bank's attitude has undergone no change, still holding the view that govern- mental interference aiming at bringing about an artificial rise will almost certainly do more harm than good. The London Silver Agreement was condemned as setting a precedent for attempting to control the supply of silver, the chairman declaring that the step has been an encouragement to speculators.

!

the views advanced by the Chinese bankers, and other relative factors, before reaching decision on the problem of ratifying the London Silver Pact.

Dr. H. H. Kung, Finance Minis- terdus, is to hurt from Nanking is taking the opportunity to enter into a thorough discussion with Chinese financial leaders on this issue.

Meanwhile, Mr. T. V. Soong, has intimated that he will issue a state- ment on the sllyer situation to-day. -CentralNews.

LATE SIR EDWARD ELGAR

Absolutely Privato Funeral

London, Feb. 23. The funeral of Sir Edward Elgar, the famous composer, who died to-day at his home in Worcester, aged 76, will, in accordance with his own wish, be absolutely private.

Telegrams. of sympathy received by his daughter- include a message from the King. The newspapers pay. the highest tributes to Elgar's genius and declare he

was cne of the master musicians of the world.- British Wireless!

STOCK EXCHANGE

BATTLE

VICTORY FOR THE ADMINISTRATION

MR. WHITNEY'S OFFER

(Special to "Telegraph")

(By Telugraph. Copyright, Telegraphic Bieg sagon Ordinanor, 1974. fiscalved. February 1 2.80 a.m.)

Fears were also expressed that China's recovery

AMERICAN MEETING.

Washington, Feb. 23. might be delayed longer than in the rest of the world,

The scheme: outlined to the Shanghai, Feb. 24. Banking Committee of and it was also suggested that the American currency

the The local American Chamber of Senate by Mr. Richard Whitney, experiments might act as a brake on general world pro-Commerce held an urgent meeting President of the New York last night to discuss the situation Stock Exchange, providing for sperity.

ereated by the abjection of Chinese the creation of a co-ordinating bankers to the ratification of the authority to regulate share mar- London Silver Pact.

kets, is regarded as a distinct It was resolved that a message victory for the Administration. be sent to President Roosevelt re- Until now, tho-New-York-Stock- commending a moderate course in Exchange leaders have strenuous- dealing with the silver problem ly opposed any and every measure with which the Far East is deeply of outside control concerned-Central Netwa.

China's tariff increases were criticised as dan gerously near an uneconomic level and as an encourage- ment to smuggling.

STABILISATION OF CURRENCIES

them as read.

Observers of the situation ex-

Soldier of Britain. favourite for nex Ordinarer, 1894. Received, February Jonses and contingeneles, the net pro- such as the experiments in the United continued foreign purchases press the view that Mr. Whitney's

He will be elected by the National People's Congress, and not by the Central Execu- tive Committee of the Kuo- mintang as at present. Another provision eliminates military control of provinces, lay-the Derby, was left at the post, lon ing down that no muitary man ng at least ten lengths. Ite fully may De appointed governor oljustified high praises in recent any province unul he has retired weeks, however, by overhauling the after the from active service for at least runners in front one

other until he had broken into the three years.-Reuter.

kad after passing the Village.

The effort was a severe one, and thrilling finish was witnesed when

(Continued on Page 10.)

MEXICAN FEUD AGAINST CHINESE

Consul in California Lodging Protest

(Special to "Telegraph")

Fly Telegraph. Copyright, Telegraphic Mea- sage Ordinance, 1805. Rrezired, February 271. 18.59 pm

New York, Feb. 23. The Chinese Consul at San Diego, on the request of Chinese business men in California, is planning to lodge a strong protest with the authorities in Mexico City against the action of officials in Linsenada, Bajs, Callfornia, in forcing Chinese merchants, at the points of knives, to sign agreements to close their stores and to leave Mexico.

#

ily Telegraph. Copyright, Telegraphic Mes

18.59 p.m.)

KOWLOON LADY ROBBED

Mr. Whitney made it plain that

·REACTION, POSSIBLE.

the Exchange la now prepared for a coordinating authority, which Addressing the gathering the Chair In every country, but we are thankful)

New York, Feb. 23. would be composed chiefly of Gov- The silver market advanced to-ernment officials definite signs of on man said:-Ladies and Gentlenion, that there ara

or individu- the Report and Statement of Accounts abatement in Great Britain and that day, apparently o. foreign buying, als appointed by the Government. having been in your hands for some there is a moderately optimistic feel. There is a feeling prevailing here days I will, with your permission, take ing everywhere. The trade cycle is that a reaction is probable, which

GENUINE FEARS. perhaps slowly and steadily revolving After making full provision for upwards, and while certain factors continued even to forestalled by

States, the unsatisfactory politlen! Per Swan, Culbertson and Fritz.

offer indicates that the loaders of fits for the year amount to $15,206, situation in Europe and the tension Reno, Nevada, Feb. 23.

the Stock Exchange are genuinely reduction from the previous C 624.73, a

fearful of the effects of the drastic up-grade movement seems Mrs. Thalia Massie has obtained year of nearly $17 lacs as quoted in in the For Enat may act as a brake,

focal currency but a moderate increase yet the

Inelastic regulations which are a brighter future. As regards the

provided in the Fletcher-Rayburn divorce on the ground of men-in Sterling, dus to the higher rate of ikely to continue on its way towards tal eruolly.

exchange at which our acenants are United States, whether the monetary

Bill which is now pending in No alimony is to be paid or] counsel's fees..

taken over.

Congress, deducting the interim dividend policy of that Government constitutes After The case

Under the Whitney. scheme, the heard behind paid at 1/4% and Directors re-a serious danger to this improvement It has al closed doors.

muneration, the amount available for or not it la diflcult to say. still is

is a disturb

proposed coordinating authority would be empowered to fix the "This will start a new page in distribution le $11,592,043,93, which it any rate teen and

Л very change bankers' position my life," said Mrs. Massie after is proposed to deal with as follows:-ing factor which, has made the ex-

requirements for the listing of pay the case had concluded. She

final dividend

difficult one. Artificial methods of

syndicates (which the Fletcher- securities, controlling the pool. leaving for Washington to-morrow

of £3 per share (sub-

currency depreciation lead to artificial and soon afterwards is salling to

ject to deduction of

rises in price and to reactions giving Road, was the victim of abag Rayburn, Bill would prohibit * 6.830.216.83) incomo tax) .......

rise to political as well as economie snatching incident in Kowloon this entirely) and define the terms un- Transfer to Hank Pre-

1,500,000.00

of the morning. mises Account

der which joint accounts and According to her report to the foptions should be permitted. Carry forward to new

business some degree of stabilisa- police, she was walking along 8,402,728.10) WHI Account

tlon. of currencies is urgently Nathan Road near Nanking Street

TC-

LEAGALITY CHALLENGED. The new body would strictly

19718

GRUESOME England to forget her troubles.

FIND

THIRTY-NINE DEAD IN DANUBE

MYSTERY SOLVED

(Special to "Telegraph”) 18y Telegraph. Copyright, Telegraphte Ma

Ordinanes, P. Received, February

She said thai Lieut. Massiv intending to marry again, but she did not know the name of his in- tended.-United Press.

RUBBER CONTROL HOLLAND AGREES TO PRINCIPLE

London, Feb. 24.

To

д

dangers. To rid the world

of confidence which is hindering

SNATCHER GETS AWAY

Mrs. Kinu, of 198 Prince Edward

$11.502,043.93)quired. In the Far East the strained at 9.45 n.m. when a Chinese came

De

political relations between China and

and other articles.

.

AMERİCAN FARM LOANS

the

COLONY'S TRADE STILL FALLS

NEW LOW RECORD IN JANUARY

Some of you may think that our Japan and between Japan and Russia up from behind her and snatched | watch over all methods of oper

are disquieting factors, and it is of her hand-bag. She raised appropriation to Bank Promisce the utmost importance that interna-alarm but the man managed to (Continued on Page 0.). count is on a generous scalo, buttional.

diplomacy should bring make good his oscape. your Directors fool that involved in moderating and statesmanlike influ In her hand-bag was $11 In cash- the heavy expenditure involved ances to bont.

affico, . It is putting up our new head

The depression struck China Inter a wise polley to write this expenditure down as liberally as possible, You than the rest of the world and, ow- Dr. Colijn's statement that have recently seen the domolition of ing to the depreciation of currencies

and has housed our elsewhere

to the politien! Built in 1884 rubber restriction is necessary and the old Bank which

(Continued on Page 10.) desirable is regarded as the most business for 50

large. significant pronouncement cost it was called "Jackson's Fally) o

Cause it seemed so unnecessarily

have howover. been subject yel and represents a do- Thero

many much finite advance, says the Financial changes in the East, and so Times.

in our business has taken expansion. Vienna, Feb. 23.

The journal remarks that tin place in these 50 years, that the old Thirty-nine dead bodies have experience has shown something building has latterly proved to be too The Chinese also charge the been found in the Danube, but of the possibilities of rubber con- small. The City Hall and Theatre officials with discriminating in they were not victims of drown- trol of production and marketing, having reached a state of dangerous favour of Japanese.-United Pressing, and it is believed that a clue at the same time observing that decay, we approached the Govern- tment and came to terms for buying has at last been afforded to the an agreement in principle does not Wardley Street and part of the City mystery of what happened to the mean that all the practical dif- Hall site. We hope that in some hundreds of Socialists slain in culties have been solved-fouter. thing under two years the new build- the recent disturbances.

MINISTER TO THE HOLY SEE

SIR C. WINGFIELD APPOINTED

ALL PILE AM)

It is believed that the bodies

DEBT DEFAULTS DIE-HARDS

IMMIGRATION MADE AN ISSUE.

(Spatial to "Telegraph”)

were carried down into the river MR. EDEN VISITING the irronnumite I would ask for sores Ordinance, 1888.

by the thawing anows

Thoro is good reason to believa

ROME

London, Feb. 28.

ing will be completed and that we shall be able to offer every comfort and facility to our constituents. In patience with us in our temporary premisos singe, ilks the man at the plans, the stag. If doing its best. ^.

The Lord Privy Soal, Mr.SEDA GLOOMYPES RED

"LAST OF ITS KIND" -APPROVED

The Statistical Office of the Imports and Exports Department' roports that both imports und Now York, Feb. 29.

exports of merchandise still fur President Roosevelt, Intimating ther declined in the month Dif that it will be the last of its kind, |January, 1934. has signed the Bill authorising a

-Imports totalled $32.5 million forty million dollar loan to the (£2.4), as against $380 million farmers in return for a roduc (£2.4) in the corresponding perfod tion of crops. Router

of 1033; while exports totalled) |$27.4 millioa (£2.0), as compared

with: $31.3 million (£2.0).

Since January of 1933, totul

CLOUDY WEATHER.

(By. Telegraph, Compricht, Telegraphic Mas Barrived, February Washington, Feb, 28. The anticyclone le centred to the imports of merchandise Into Hong-- Congrossman Louis McFadden northwest of Shantung, und has kong, fluctuated from the lowest hne presented a resolution In the extended south-eastward, deep dollar value (82.6 million) in House of Representatives limiting depression remains to the north January, 1984 to the highest (476) the disposal of many of the bodies Anthony Eden, concluded his visit London, Feb. 23.

to Berlin to-day-and- loft for Rome, Another year has passed, loading the Immigration of persons from east of Hokkaido; and a shallow million) in March, 1038; whils

millions in January 1954 10:187 Until now, the disappearance of where he will disques disarmament bobind 1 loony pletare of the nations who have defaulted on their depression over Tongking Local exports fluctuated from 127.41

millions In Fobrúnry cloudy. the Socialist dead has been a com- problems with Signer Mussolini world bureted the waves of de- war debts to the United States forecast:-NE winds fresh ;

primion.The picture looks diuerint, United Press, $4 pleto mystery.--Reuter,

·British Wireless..

Sir Charles Wingfield, the British Minister in Oslo, has been appointed Minister to the Holy

SeeRéttor.

that the diacovory accounts for of the dead Socialists...