1934-05-01 — Page 1

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The

FIRST EDITION

Hongkong Telegraph.

FOUNDED 1882

二拜疆 號一月五英游香 TUESDAY, MAY 1, 1934.

No. 14288

日八十月三

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America's

Strong

Line

MR. GREW'S STATEMENT |

ON SUNDAY

›(Spacial to "Telegraph")

(Big Talxorank, Carymont, Dulatrankie So

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Washington, April 30. The State Department has made public the substance of the statement which the U.S.| Ambassador in Tokyo, Mr. Joseph Grow, made to Mr. Hirota on Sunday.

The Amertean Ambassador

emphasised the obligations of all. signatories to treaties relating to] China and asserted that the United States would be duly con siderate of the rights and obligo-| tions of other countries.

CONTENT TO LET

ISSUE DROP

"REASONABLY CLEAR”

UNDERTAKINGS

ALTHOUGH IT IS. CONSIDERED DOUBTFUL IN SOME QUARTERS WHETHER MR. CORDELL HULL WILL FOLLOW THE LEAD OF BRITAIN; SIR JOHN SIMON INDICATED IN THE HOUSE OF COMMONS YESTERDAY THAT THE JAPANESE "HEGEMONY CLAIM INCIDENT"

· IS VIRTUALLY REGARDED AS CLOSED. The British Foreign Secretary outlined the assurances given by Mr. Hirota, that Japan fully accepted the provisions of the Nine-Power Treaty, and indicated that Britain felt satisfied,

"RESOLVED TO ASSIST TO UTMOST

IN PROGRESS OF CHINA"

London, April. 30. ed in any way to infringe the com- "The United States, therefore, Japan's reaffirmation of her mon rights of other powers, in expects, on the part of other acceptance of the polley of the China or to infringe Japan's own! yovernments, due consideration of Open Door in China was communi- treaty obligations. the rights and obligations and cated to Sir Francis Lindley, the legitimate interests of the United British Ambassador in Tokyo on Sintes."

Aprli 25th by the Japanese Minie-

MR. HIROTA'S REPLY.

"In reply, Mr. Hirota indlated. that His Majesty's Government were correct in this assumption.

Prince Cheng Tui-ai and Princess Jun-He, who have been residing in England as Mr. and Mrs. Chang, leaving for Manchuria, via Siberia, to join the Princess's brather, Pu YI, in Chungchun. With them is their baby daughter.

HONGKONG DOLLAR DOWN

FALLS TWICE THIS MORNING

is the opinion of the Ameri-ter for Foreign Affairs, Mr. Koki can people and government that no Hiret. nation can without the assent of An account of the interview was "He assured the Ambassador) In sympath with declines ini

ther nations concerned, rightfully given by the Foreign Secretary, endeavour to make conclusive its Sir John Simon, in reply to ques vilt in situations where there are tions in the House of Commons this involved the rights and obligations afternoon.

Sir John Simon said the Am and legitimate Interests of other anvereign states.United Press,bassador's communication to Mr

Hirota was a friendly enquiry.

HULL STATEMENT Tokyo Pronouncement Not To Be Ignored

EQUAL RIGHTS.

"It was to the effect that the tenance of the Open Door in China:

that policy."

principle of equal rights in China

and reaffirmed her acceptance of after the morning's change, and

CONFLICTING STATEMENTS.

that Japan would observe the pro-silver prices Foth in London and visions of the Nine-Power Trosty New York, the Hongkong dollar and that the policy of the Japan-dropped a further ths this еве Government and of His morning. It opened ut is. 41⁄2d., Majesty's Government in regard which was d. down from to the treaty coincided.

He stated in conclusion that later in the morning fell a fur- yesterday's closing rate, and Japan continued to attach the greatest importance to the main-ther 16th to 18. 4940.

The market locally was still easy was guaranteed very, explicitly by

the interbank rate was is. 4%d. the Nine-Power Treaty of 1922 to

Silver declined d. la London) Washington, April 30. which Japan is a party and that

and at 42d. the New York quota- Mr:~Cordell"Hufi han completed Ile=Majesty'sTM Government must, Sir John Simon was further ten was down three-quartors of his examination of the Japanese of course, continue to enjoy all asked if any expinnaton was forth. cent. declaration of policy and may rights in China which are common coming of the statements issued by Messrs. Swan, Culbertson and make an official statement shortly. to all the signatories or are other the press officer of the Japanese Fritz, reporting from New York on It is expected that thin will wise proper, except in so far their Foreign Oflce, the Ambassadors silver, stated:-Lack of rumours) cially bring the incident to an rights were restricted by agree of Japan In Washington and and any definite opinion of U.S. ments such as the consortium Berlin, and their representative in apeculators caused the market to Later.

agreement, or in so far as Japan Geneva, which seemed to conflict follow the foreign markets. This The official statement issued by had special rights recognised by with the latest statement of Mr. condition will probably prevali for Mr. Cordell Hull says:

other powers and not shared by Hirota.

in few days. "The American Ambassador to them.

Sir John Simon said it must not Japan, under instructions from "Sir Francis Lindley added that be assumed that the Information the State Department called on the anxieties regarding China ex-reaching the readers of press in the Japanese Minister for Foreign pressed in the recent Japanese every prese Affairs on April 29 and mado a statement could not apply to the thorised. statement, the substance of which was as follows:

und.

United Kingdom alnce it was the aim of British policy to avoid the dangers to the peace and the in- tegrity of China to which the state-

FRANK REAFFIRMATION. "Hocent indication of the at-ment referred, titude on the part of the Japanese

Government in regard to the SOLE RIGHT denied.

rights and interests of Japan and

statement was

au--

BRITAIN CONTENT.

The statement made by the Minister WHA Japanese Foreign | reasonably clear and His Majesty's Government were content to leave this question where it was.

"His Majesty'a Government "I would only add that His other countries in Chine and in naturally could not admit the Majesty's Government are resolved

connection with China have come right from sources so authoritative as

to preclude their being ignored And make It necessary

for the American Government, adhering to the tradition of frankness that has prevailed in the relations bu- tween it and the Government of Japan, to re-affirm the position of the United States In regard to the question of the right interests Involved.

and

(Message incomplete).

GENERAL GOERING RESIGNS POST

To Concentrate on 'Air

and Defence

Berlin, April 30. General Goering, who has held

the position of Prussian Minister

of the Interior together with his

of Japan alone to decide

CHINA, RAILWAY LOAN BONDS

For Completion of

Yu-Ping Line

an-

Nanking, May 1. The Government nounces the flotation to-day of $12,000,000 of Railway Construction Bonds, for the completion of the Yu-Ping Railway.

The annual interest will be six per cent, The bonds. will be secured on the sur: plus profits of the Chinese Government: railways. Reuter

WALKER CUP GOLF

BRITISH TEAM

COMPLETED.

INCLUDED..

to assist to the utmost possible MUNN AND MCRUVIE extent the spirit of international cooperation in the progress of China towards peace and pro- Esperity and in the maintenance of aapirit of harmony and goodwill In the Far East.

London April 30. The British Walker Cup team LEAGUE ASSISTANCE. was complated to-day with the Alling of the two vacanetos by The British attitude towards Lionel Munn (Royal Cinque Ports) the recommendation of the League and Eric McRuvio (Levon Thistle). Assembly report of February, The team have 1933, that the Longue should

commenced afford technical assistance

practice for the contest which China as one of the methods of all be played at St. Andrew'a

to

commenting on May 11. Co- The teams will be:

the policy of International operation fultiated at the Washing. ton Conference was raised in a BRITAIN further question to

Sir John Simon.

H. G. Bontloy Ho explained that international Erle Fiddinn cooperation in China was govern- S. McKinlay od by the terms of the Nine Power I. McLean Treaty which expressly Bafo-Hon. Michael Scott guarded the principle of equality C. J. H. Tolley of opportunity for all nations.. A. Torrance The Council of the League had Roger Wethered Ild down that the functions of J. Munn their agents in Chian were of E. McRuvio

technical and

entirely

other posta, has resigned the office whether any particular netion, murely

FRANCE PLEASED

AMERICA

F. Ouimot

J. Westland J. Flache 3. Maraton L. Little J. Goodman G. Dunlap

--Reuter.

It was inadvertently stated yester- day that exchange bonus dividend of the Chins Fire Insurance Co., Ltd for the year ended JInt. Docember, Paris, April 80.) Sir John Simon's statement In2 per share.

1938, in $7. This should have read

TELEVISION IN ENGLAND

P.M.G. To institute

Enquiry

London, Apr. 30. The Postmaster General intends to set up Com- mittee to report on the developments of television and the conditions on which any public television service could. be operated. British Wireless."

JAPAN'S

STABILISATION

FUND CREATED

U.S. TREASURY USES POWERS

DOLLAR WEAKNESS ALARMS

Washington, Apr. 80. The Treasury has formal- ly created a two thousand million dollar stabilisation fund.

"Power to do so has not until now heen exercised and the step is attributed to official anxioty con cerning the weakness of the Ameri can dollar in the world exchange markets, ...

The Treasury appears to have depoalted $200,000,000 with the Federal Reserve Banks for active use and to be holding, the remnin

AMATEURS ing $1,500,000,000 in reserve.

HOLD RANGERS

SCOTTISH LEAGUE SEASON ENDS

FINAL TABLE.

To accomplish this, the entire $2,000,000,000 Is carried as expon- diture into the Treasury statement Issued to-day, where the amount previously has been lumped with the additional devaluation profit jon gold"stocks, --

STATEMENT REVELATION.

Today's statement shows $1,800,- 000,000 in the stablisation fund.. entered as a. liability against the ntock of gold, while simultaneous-

the Gold Certificate Fund of the Federal Reserve Board. has jumped by 3101,000,000, which is interpreted

indicating

London, Apr. 30. The Scottish League sea-Treasury depoalt

11 from the

son was brought to an end Stabilisation Fund. this afternoon when the two $99,000,000

It is believed that the balance of was proviously de- outstanding matches were posited with the Federal Reserve

Board in the same way. played off.

NEW POLICY Cowdenbeath, reposing at the

AGREEMENT

་

OFFICIAL SILENCE.

foot of the table, finished off their

Treasury officials refuse to fixtures with a àmashing 6-0 discuss the transaction, saying. INctory over St Mirren, while the that the statement must speak for

champions, Glasgow Rangers, play. Itself. ing at Hampden Park, dropped a There is no Indiention as to point to the amateurs, Queen's whether the $200,000,000 given to Park, unch side netting once.

the Federal Reserve system hoa been used, or partly used.

TOKYO

IMPROVEMENT

OF RELATIONS

FINAL LEAGUE STANDINGS,

| Aberdeen

Goals.

F.. W. D. L. F. A. Pu. . 38 30 5 211842 68 38 20 4 7 6 62 38 18 11, 9 78 53 47

38 21 314 76 78 45

Rangers Motherwell Tokyo, May, 1. Celtic That Japan has dropped Queen 0'5th.. any claim to "peculiar" in-earts ...

38 18 8 12 90 57 44 38 17 10 11 86-59 44 terests in China seems to be Kilmarnock 38 17 12 73 G4 43 suggested by the latest in- 38 10 10 12 87 01 42 St. Johnstone 38 17 410 74 53 40 formation in Foreign Office Falkirk

38 10 G 16.74 08 38 circles.

Hamilton. 38 15 8 15 36 70 38 Dundee

38 16 17 08 It is understood that Mr. Ilrota Partick

38 14 6 19 (Foreign Minister), Mr. Shigemit- Clyde **** 38 10 11 18 (ex-Minister in China, now in Queen's Park 38 13

the Foreign Offee) and Mr. Ariyo St. Mirren... 38 # 20

Hibernians. 38 12 3 shi (Minister to China)have reach- Airdrie .38 10 ese policy towards China, ed complete agreement on Japan-Third Lanurk 38 8

It lays down, it is understood, that Japanese diplomacy shall! work for a slow steady Improve- ment in Sino-Japanese relations, rejecting any interference in those! relations by the League or by any third country.

The settlemont of various pend- Ing Sino-Japanese issues, it was agreed, should be achieved only by direct negotiations-Renter.

C. T. WANG'S FUTURE IN NANKING

Cowdenbeath 38 5 5 8 38 118 15

BIG

-Reuter,

PORTSMOUTH VICTORY

Aston Villa Also Among Winners

DOLLAR WEAKNESS,

New York, Later. While official circles in Washing- ton maintain the strictest silence regarding the creation and employ-

ment of the Stabilisation. Fund, unofficial quarters hero express the opinion that the transaction has beon prompted by the recent weak- ness of the American dollar and in anticipation of further declines from the gold parity with the frane.Renter.

LEAGUE'S SILK EXPERT

CHINA TO ACT ON RECOMMENDATIONS

(Special to "Telegraph”)

Nanking, May 1, Acting on the recommandations of Dr. Benito Marl, the allk expert. the National Economie Council has deelded to raise $1,000,000 for the establishment of a silk filature at In the First Division of the Hengchow as a first stop towards English League to-day, Porta- the improvement of the slik In- mouth defeated Middlesbrough at dustry and the encouragement of

London, April 80.

Fratton Park with the greatest of silk exporta,-Central NewR, casc. Giving a virile display con- trasting with their inability to get properly together in the Cup Final. Portmouth won by four goals to

Likely to Be Given Post one.

in GovernmentTM

(Special to "Telegraph"}

Nanking, April 30. Although the report that Dr. C. T. Wang has been offered tho Portfolio of Foreign Affairs has not been confirmed, it is consider- ed Ilkely that he will be appointed to an important post in the Con- tral Government.

Aston Villa were also winners, defenting Leeds United at Villa Park, by threo clear goals-Router.

GERMAN LOAN DISCUSSIONS

In order to devote his whole such as the provision of technical mon-political character-British energy to the Air Force and the or financial assistance promoted Wirnica. defence of Germany.

such a danger if that had indeed He is Aucceeded the Relch Minister by Dr. Frick, been the implication of the state.

London, Apr. 30. of the Interior, mont which they did ret beltove.

The discussions between the With General Gooring's resigna "Under articles 1 and 7 of the

German authorities and creditors tion, President Hindenburg has Nino-Power Treaty

regarding payment of foreign created a new Reich Ministry of right to all the attention of the

of other the House of Commons on the

nations in respect of medium and Science, Education and Training signatories to any action in China result of the British demarche h

Dr. C. T. Wang had an inter long term loans were continued in under Dr. Rust.

Inimical to her security.

Tokyo has been received with the Association will hold a

view The changes are described na à:

The Hongkong University Arts President of the Executivo Yuan, to-morrow, Sir John Simon, in with Mr. Wang Ching-vel, Berlin to-day and will be resumed Thio further step towards the centra nafeguards and Ills Majesty's diplomatie quarters, where it ison on Saturday, 6th Alay.

right provided Japan with greatest satisfaction in Fronch inuncis pitnic to Prof: R. R. M. Simp- this afternoon. He will shortly the Commons said that, pending

farewell sation conceived in the Nazi play Government therefore of Rolch reform-Router

The proceed to Nanchang to call on their outcome, he was unable to assumed Interpreted as meaning that the launch will leave Blake Pler for Clear Gon Chiang Kai-shek Central make any further statement on that the statement was not intend- incident is now closed-Router. Water Bay at 2.30.pam. sharp..

Nethe

the subject-British Wireless,"

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