1934-05-10 — Page 1

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The

FIRST EDITION

Cour

Hongkong Telegraph

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Tol. 20269.

FOUNDED 1811

No. 11298

四拜望號十月五英港香

THURSDAY, MAY 10, 1934.

日七廿月三

FOR

U.S. PAYMENT

SILVER BACKING

CURRENCY

BRADMAN OUT FOR

A. “DUCK”

Beaten Fourth Ball By Log Break

Don Bradman was dis- missed for a "duck" by a Kent second XI bowler playing

for

Cambridge

University against the Aus- tralians yesterday.

He was cut fourth ball

to a slow leg break.

The Australians,

never-

theless, made 418 for 4.

Details will be found in the Sports Page.

AIR

APPROVED IN

PRINCIPLE

NATIONALISATION OF

METAL CERTAIN

BILL

READY BY WEEK-END

Washington, May 9.

Silver legislation during

The U.S.S. Milwaukee, which has been involved in a callison during

American Fleet manaauvres.

the present session of Com MILWAUKEE gress is virtually certain.

FRANCE The only doubt-an im-

LINER

CHANNEL WRECK

IDENTIFIED

ALL ABOARD BELIEVED DEAD

(Specia] to "Tolograph")

portant one-concerna the nature and extent of the legislation.

It is understood that President

Roosevelt is favourably consider-

ing the proposal to nationalise all. free silver in the United States, but is withholding final judgment on any legislation seeking to give al mandate for this purpose until it has been submitted in completed

draft

In regard to the suggestion involvi ing the establish-! ment of a twenty-f five Per cent.

(ny Telegraph. Copyright, Telegraphia Meliver backing for.

патра

Ordinance. 1394, Reletd Afaw

JG, Gil am.)

London, May 9.

It is feared that all aboard

the currency, the President is be

leved to be will- Ing to accept per-j the Air France liner that missive and direc crashed in the Channel this tory legislation to afternoon have lost their this end. lives.

In other words IL declaration by|

The director of Air France in Congress in fav London announced this evening our of such silver Kay Pittman, that an Air France aeroplane backing would be regarded as a which left Croydon to engage, in mandatory declaration of policy. the search for the air-liner, has but the President Tools that the since radioed sanaumeing having decision as to the right time for sighted the wreckage of a machino carrying it out-should-left-to in the Channel, nineteen mites him.

north-west of Boulogne, which the It is understood that the Presi-i pilot definitely identified as the dent, at the Conference yesterday, Air France machine.

also emphasised that the Govern All six persons whe wore aboard ment would take over only silver bullion. It would not commandeer are presumably dend,

other silver! Le silver dollars and The ill-fated craft Bourget in Paria with three pas-veins as it had done in the case of

gold.

left

IN COLLISION

CARRIBEAN WAR MANOEUVRES

U.S.S. SIMPSON DAMAGED

Washington, May 9. Wireless messages intercepted by the Navy Department reveal that the U.S.S. Milwaukee,

MISS JEAN BATTEN

RESUMES

On Way To Athens From Brindisi

London. May 9. Miss Jean Batten, the New Zealand airwoman, who is making her third attempt to fly solo from England to Australia arrived, in her Puss Moth, early this morning at Brindisi. After refuelling. she left for Athens,British Wireless.

9.000-ton cruiser of the Omaha Trade

class, has been in collision during the Caribbean manoeuvres, with

the U.S.S. Simpson.

The U.S.S. Simpson, a destroyer

Dispute

of 1.250 tons, appeurs to have been With France ·

badly damaged.

She is now making her way. cripped, but under her own power,

accompanied by a repair ship reads NEGOTIATING FOR

NEW TREATY

to stand by case of an emergency. to the Guantanamo naval base in Cuba.

The condition of the U.S.S. Milwaukee is not known.

NAVAL EXPERT'S

DEATH

Fatal Illness on Tennossce

London, May 9.

BINGLE COPY IN CENTE

1130 YER ANNURS

OF WAR

WHITEAWAYS

WINDOW

CLEANING

MOPS

Complete with Rubber. Squeeze and 30 Inch Handle

Special Prica

50 cts. each

DEBTS

BY

COMMODITY IMPORTS

NEW AMERICAN PROPOSAL

TIN SUGGESTED. FOR GREAT BRITAIN

ROOSEVELT

STATES POLICY

(Special to "Telegraph")

By Talanraph. Cosuright, Tergraphie Mea angel Ordinance, 2301. Reerivad May th, R.33 4.)

Washington, May 9.

The payment of war debts by goods is a proposal likely to receive the serious con- sideration of the Administra- tion...

The U.S.S. Macon, photographed when directly overhead, which has proved unsatisfactory in operations

with the United States Boot.

CORPORATIVE STATE FOR ITALY

EFFECTIVE ON,

JULY FIRST

PARLIAMENT TO DISAPPEAR

Rome, May 9.

The Mussolini programme for converting Italy into a "syndical- corporative" State will be com- pleted shortly..

The Parliamentary system will cense on July 1, when the Corpárn

ivo Slate will be formally inaugurated.

All corporations, as now, will remain under the direct control of Signor Mussolini, whose decrees will give legislative effect to the decisions of the Confederations.

Mussolia! appoint the Presi- dent of all Corporations and tell

branches of industry.

Mr. Cordell Hull, the Secretary TRADE WAR them exactly how to run certain

of State, to-day approved plans for Congressional Committee to

a

study the advisability of exchang- ing war debts for supplies of tin.

America's annual purchases of: tin, it la pointed out, amount to $35,000,000. Eighty per cent. of this comes from companies owned or controlled by British citizens.— Reuter Special

TOKEN PAYMENT

QUESTION

President Roosevelt

Statement

(Special to "Telegraphi")

WITH JAPAN

LANCASHIRE STILL

ATTACKING-

THE EAST AFRICA QUESTION

London, May 9.

The essence of

the syndical- corporative stato idea is that the State should take full charge of the ecorinnale development and func tioning of the country. It involves an entirely State-controlled system of economy, rather on the lines of State Socialism. Reuter.

AUSTRALASIAN SHIPPING

MATSON COMPANY'S

SUBSIDY

The imports to East Afrien of Japanese colton piecc-goods in: 1932 represented roughly thirty per cent of such Imports into the | Colonial Empire, excluding Hong-

Londen, May 9. kong and Aden, said Sir Philip House of Commons regarding the

A question was

raised in the Cunliffe-Lister when questioned in extent to which the United States the House of Commons this

of America subsidies ateamahin evening. Lay

ACTION POSSIBLET

(y Telegraph. Copyright, Telegraphis Mass The denunciation of the Anglo-

adrica Ordinance, 1334. HecRive French conventions of commerce 10 9.29 0.9.) and.navigation_of_1826 and 1882,

Washington, May 9-specfiel measures are taken to deal D. Burgin of the Board of Trade, It follows, therefore, that unless ervices to Australia and New Zen- For which the French Government | An official spokesman at the gave notice on February 11th, will White House to-day said that the

with Japanese competition in East replied that It would appear that Africa, the most Important are apart from assistance in the form take effect as from May 12th. United States is still open to ap will be left untouched.

Negotiations for the conclusion pronches by her European debtors

of loans at low rates of interest for The position in East Africa, said shipbuilding, the Matson Naviga- of a new treaty have, been begun. for suggestions regarding debt Sir Philip, is complicated by the tion Company

In the meantime, as a provisiona}} negotiations.

Congo Basin Treaties, but the subsidies from the United States was in receipt of modus vivendi, pending the Con-

It was also pointed out that the nuiter. is still being examined. clusion of this treaty, it has been

Government for Australian and question of whether in future token A message from the battleship, shall be continued in force, sub- United States must be decided

agreed that the 1882 convention

*** payments will be acceptable to the

New Zealand steamipship services songers aboard and a crew of "EXCELLENT PROGRESS.

l'amounting to Tennessee,

about $1,260,000 operating with the three. She was talking to Croydon

battle fleet in the Caribbean, reveals ject

to a fortnight's notice of by wireless after crossing the Senator Key Pittman, who is French coast at 12.10 p.m. when playing an active part in the silver that Captain William Wood Smyth, denunciation by either side, with on the individual merits of each

the curtain exception of articles the signala suddenly ceased. drive, reported to-day that "excel-e of the United States Navy's 7, 8 and 9 dulating to navigation,

NOT YET ARISEN. The milet was asking for his lent progress" has been made with most brilliant technical experts, which will lapse on May 12th,

President Roosevelt emphasises Position but did not indiente that the framing of silver legislation in has died aboard the ship, in hos

and on the understanding that his plane WILH experiencing consultation with the Treasury pital, of natural causes. difficulties other any kind.

Department.

He was adviser to the American either country will invoke the that the question of the payments provisions of the convention in which fall due on June 15 has not Immediately planes

delegation at the last naval con- the matter of quantitative restric-set urinen. When it does, it will were sent He indicated that a Bill shoulference-Reuter, In search and naval vessels in the be ready for submission to Presi

tions on the importation of goods be decided upon conditions existent Channel were warned to keep "dent Roosevelt before the rad of]

from one country Into the other. at that time. look-out, although conditions were the week.-Reuter. unfavourable for a rescue, with a strong sea running and a fog descending rapidly.--United Press.

JAPAN'S CHINA

POLICY

QUESTION AGAIN UP IN COMMONS

London, May 9. In reply to question in

the Commona, Sir Jobu Simon said

SENTIMENT CONFUSED. Mesars, Swan. Culbertson and Fritz have received advices from

their New York office to the effect that speculative sentiment on the silver market Is sti confused, owing to failure of definite an- nouncements from Washington,

New York, May 9. The Wall Street Journal reports that traders on the Stock Ex- change have changed their original ly bullish interpretations of Washington silver developments,

INFLATION NOT EXPECTED.

GIANT AIRSHIP USELESS?

EASILY "WRECKED" BY AEROPLANES

(Special to "Tolograph")

(By Telegraph. Copyright, Telegraphis Mes. 10241 Ordinance, 2874 Resolved Alay 70, 7.30 6.9.

Washington, May 9. The Navy Department admitted] to-day that the great airship, Macon, designed for service with the United States Navy, failed to

[case,

Major H. A. Proctor (Con. annually. some purt of which re- Accrington) asked whether there presented services rendered in the was any possibility of some action carriage of mails.--Britiah Wire- being taken in regard to these lean. treaties, which were crippling the Lancashire trade.

Sir Philip Cunliffe-Lister replied that the East Africa Government had always felt that if those most) competent to advice considered it In this country's interests to de- forming those treaties, they would

TRADE ADVANTAGES.

As regards the shipping quest He also emphasised that the tion, it should be noted that both Johnson Act (which Senator John readily accept the decision. countries are parties to the Mari-son now admits was afmed against time Ports Convention signed at Great Britain) does not change his Geneva in 1929.—British Wireless, own position, namely, that debtors who have made token payments should not be considered default- era.

STEVEDORES ON STRIKE

PACIFIC COAST PARÁLYSED

(Special to "Telegraph") fly Teterraph. Copyriont. Telegraphie Me

Ordinance,

San Francisco, May 0.

May

FUNDAMENTAL POLICY.

He added that up to the present time not one of America's debtors has approached the United States token regarding the making of payments or seeking revision of the settlements.

Meanwhile, the Johnson Act could not affect in any way

the fundamental policy of the United States advanced more than a year.

nation owing money ago, that and feeling that it cannot pay has right to approach the creditor present its ease--United

he had no official information re- Little if any inflation is expected 'garding the Japanese attitude to- wards League of Nations work in us the result of any silver polley prove her efficiency during the

Administration the

may shape Carribean manoeuvrea with the 10. m China.

He added that the subject had insist that the possible silver pur-

although silverites continue to fleet.

Mr. Claud Swanson, the Secre- Shipping working all along the not been mentioned in the recont.

chases will serve 10 communications from the Japan-commodity prices and thus have an that attacking aeroplanes "des-

Increasetary of the Department, revealed Pacifle Coast was paralysed this and

morning when approximately Press. ese Government.-British Wireless inflationary effect.

troyed" the dirigible in quick time, seventeen thousand, stevedores de Bar sliver climbed, despite the wherefore technically, she is of clared a lightning strike at 8.a.m Desperate last-minute efforts to SUGAR CONTROL IN fact that silver shares and futures no further use to the fleet.

declined.-Per Swan, Culbertson United Press.

prevent the strike proved in vain.

The atrikora are demanding| and Frtz.

shorter boura and higher pay, The strike has been looming for some time past.-United Press,

Router says that, apparently fearing disorders, police have been rushed to the waterfront.

AMERICA

SLIGHT REDUCTION

IN TARIFF

Washington, May 9. President Roosevelt has signed the Sugar Control Bill.

To also fasued a proclamation re- ducing by half a cent per pound the duty on imported sugar and declared that the rate of the pro- ceasing tax must not oxcoed, the amount of the reduction in the tariff.--Resiter,

LOCAL DOLLAR DECLINES.

BISCUIT FACTORY

FIRE

A drop of three-quarters of a cent In New York allver prices, I making the quotation 444 cents, was reflected in a lower Hongkong dollar on opening this morning. NOT MUCH DAMAGE. The rate fell 1/8th to 1a. 4.7/80. Locally, the market is dull and eagy, with somewhat nervous con- dillons prevailing, There is, however, no marked weakness.

In London,, allver rose 11/16ths, this being a reflection of the previous day's rise in New York.

DONE

|——

Washington, May 9. President Roosevelt to-day formally declared that the United Statos stands for the collection of war debts, but will grant a hearing to nations in intress requiring a reducilon-Renter.

LUNGHAI RAILWAY

EXTENSION

Shanghal, May 10.

from an oven, the fire spread to Mr. Chu Min-yi, member of the a quantity of blacults on the Construction Planning Committee At 2.30, this morning a fire second floor, and these wore for Sinklang, stated on arrival

Sir Herbert Samuel asked whether Brilish trade had secured any great advantage from these Treaties.

STOP PRESS

Shanghai May 10.

to

An unconfirmed report statco The Colonial Secretary said that that Enptista, who was sent among the considerations to be weighed was trade with other Macao for trial in connexion with territories in the Congo Basin the frauds against the Chartered area from the British export trade Bank has been acquitted-Reuter. standpoint.

He added that East Africa onjoy- ed British preferences and would readily grant-preferences to Bri- tain if able to do 80.-Reutor,

COMMODITY PRICE FIGURES

LATEST BRITISH

RETURNS

London, May 9.

A décline of 0.0 per cent. la! recorded for last month in the vorage of wholesale prices a compared with March.

Ae against April, 1933, an in- crease of 6.0 per cent. Is shown, the index number for three periods being 80.2, 87.0 and 81.8 respective-

ያ.

Index numbers for food as a whole are the lowest recorded the of Index

YOU NEVER KNOW!

YOU MAY BE HELD UPL

BUT

YOU'LL NEVER, BE LET DOWN BY

GILMAN'S

broke out in the blecuit factory destroyed. In addition, some from. Nanking to-day that the numbers. Pastarien 2x USED CARS

operated by the Mn Yuk San Co. damage was suffered by the build-kommitted has recommended the at Wanchal Road.

ing itself, before the flames, were extension of the Lunghai Rail- Apparently through overheating extinguished by the Fire Brigado way to Tehua--Central News.

while that for the Iron and stoel group is the highest since Novem- ber; 1930-British Wireless,"

TEL. 28011,