1934-06-08 — Page 12

12

THE HONGKONG TELEGRAPH.

GOLD HOARDING

FRIDAY, JUNE 8,

1934.

•

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KING OF SIAM.

DOING WELL AFTER OPERATION

CHINESE VIEWPOINT

London, June 7. Paris, June 7. General Yang Chich, lender of

London, June 7, gold the Chinese Military Mission at Pointed remarks about

The King of Sint is doing hoarding by central banks have present touring England and the splendidly following his second been inade by the leading French Continent. interviewed to-day operation for catarnet in the left economist, M. Charles Rist. spoke with enthusiasm of the plen-{oye.

af 31. Rist declares that it is not santness of his visit here,

A cataract is now forming in generally reailsed that all the everyone's kindness and the ex- gold mined in the world, last your tensive insight he had been afford. [the right eye, which will have to was bought by the central banks.ed into the workings of the Army, jbe removed ultimately, but there

All economie

in no hurry, authorities are Navy and Air Force units. agreed that a rise in prices is! He said the Chinese had always His Majesty is vlaited daily by necessary to encourage trade; yet known the British Navy was in the Queen and keeps most cheer-- the monetary chief's are con comparable, and he had discover (al-Renter, contrating on prevention of the riseed it for himself when

visiting

by storing gold in their vaults, aboard the battleship H.M.S. Nel without croating the correspon son.

But he fancied the British dent credits.-Render Special.

notable. He tured. Army was no less was amazed at Its perfection. Its precision and discipline, combin- ed with flexibility and efficiency. £1.-

U.S. Manipulation

London, June 7.

to over Gold, amounting 000,000, WAS

exchanged in the London bullion market to-day at a price of 17s. Pd., being fixed on dollar rate of 5.063%, showing a small discount,

Formidable Red Troops.

In Russia he was impressed, he lie expressed. too, admiration said, with the formidable appear- for the performances of the Tank ançe of the Red Army soldiers. They enjoyed a special position in Corp.

the Soviet and

good many pri Making a contrast between the veleges not shared by elvitimus, British and French Armies. ho There was a remarkable camara. There seems to be no doubt that said that in France there was aderie between privaten and officers. the metal was taken by the Amer greater freedom and less rigidity. Clearly the Russian Army of to- lean Exchange Equalisation Fund possibly due to the fact that the day was far different from the in order to check the recent sharp men were conscripts, whereas the Czarist armies of the past. appreciation of the dollar.

British were professional soldiers. General Yang had a long con- The heavy gold purchases re-He did not expeas may opinion as versation with Lord Halisham, the

values of sulted in large offerings of dollars, to the relative

the Secretary for War, whom, In- visitor cidentally, the Chinese with the consequent improvement systema.

resembles About the of sterling in terms of franes and!

On his vikit to Germany he had curiously causing the dollars, and al

forehend and eyes, Army bad! Paris-New York cross rate to fall discovered that the

Lord Hailsham, he said, ques well below the gold export point. fully recovered its pre-War vigour

dis.toned him closely about condi and efficiency. Its iron Therefore the likelihood of fur

ciptine was a matter for comment.tions in China, particularly with ther gold shipments from Paris

General Yang, has been in to America has temporarily she thought; and the provalence of respect to the Communists,

the military spirit was unmistak

structed by Nanking to forego the appeared.

able,

visit to America which he had He had been introduced to been planning, but to go to iЯ difficult to ascertain. One Chancellor litler, General Yang Sweden and see the Bofore arma- Bullion dealer stated the bars went on, by the former German ment factory, were German. This is possible an advisers to China. He had pre- sold valued at nearly £1,000,000 viointy pictured Herr Hitler as a for the Rt.A.F. display on June 30 fre-cater, and and he is most anxious to see the was imported from Germany bo- bellicose man, tween May 31

extremely anti-aircraft guns in operation.-- found him 4.actually

cui-¡Our Own Correspondent. Reuter,

pacific, broad-minted

To-day's gold offerings were due to a special order whose origin

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STREET DUEL

SHANGHAI BANDIT SHOT DOWN

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Shanghai, Juno 7. A bandit And woman. by stander were critically wounded at mid-duy to-day in 1 sensational street gin duel between eight gun! mon and police,

she screamed for help when they appeared. They had the servants covered with revolvera at the time.

Polico beard the screams of the woman in the house and patrolmen responded. When the bandits at- tempted to make an escape they were met by police fire. The street was crowded by this time and a rain of bullets flew amongst the people. It was miraculous that so fow were hurt.

Three of the desperadoes were captured, one of them probably Tho aight men attempted to rob intally wounded, but the other five the home of a wealthy Chinese wo-escaped apparently unhurt-Ren- sutan in the French concession, butter.

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SHIP ON FIRE

PRESIDENT LINCOLN IN DISTRESS

Naval Tugs To Rescue.

Honolulu, Juno 7.

mes-

In response to wireless anges, two naval fre-fighting tugs have hurried to the aid of the Dollar Liner President Lincoln, which has reported Are In họld number seven.

Coastguard vessels are standing help is needed but by in case latest messages state the fire is under control--Reuter,,

Later.

Honolulu, June 7. Fire broke out aboard the Pre-! aldent Lincoln to-day and ships are racing to her assistance.

The Lincoln in 148 miles out of Honolulu, Hawall. The fire was discovered at 8 p.m. Honolula broke out in number seven hold were at midnight. Colton constitutes time) and diatross signals Hent out at that hour. She was a largo part of the cargo. There dup here early in the morning, en are 200 passengers aboard.

The Lincoln has reported the "* route to Japan ports, Shanghai'fire under centrol and that thore and Hongkong.

It is now learned that the fre

is no Immediate dangor. She te Tho ship's mesenges have in being escorted to Honolulu, where dicated that the fire is confiried to she is dus. In early morning-- tho hold and is under control.--· -United-Press.