1934-10-19 — Page 1

LEADING ARCHITECTS AGREE THAT

THERE IS

“SOMETHING DIFFERENT"! -SOMETHING VASTLY SUPERIOR

ABOUT-

MALKIN TILES

-QUALITY—ART—EXCLUSIVENESS.

Represented in Hongkong by

C. E. WARREN & CO., LTD.

China Building,

Dollar on Demian TT on New

elegraph

fqrainig Post, Lid,

The

FIRST EDITION

•HW® je€2000m Street, Hongking.

படி

Hongkong Telegraph.

Tel, 20269.

No 14137

#O MATAGE FRIDAY, OCTOBER 19, 1934.

日二十月九

SINGLE COFY 10 CENTS 130.00 PER ANNUM

DUNLOP Fort

TYRE

al feature of distinction and a factor of safety

DUNLOP

CHINA FIGHTING TO PROTECT CURRENCY BASE

EQUALISATION

ATTEMPTED

FOREIGN BANKERS IN OPPOSITION?

NANKING POLICY MADE CLEAR TO PUBLIC

Shanghai, Oct. 19.

The decision to establish a Silver Equalisation Com- mittee, it is reported, was reached at a conference of leading local bankers called yesterday by Dr. H. H. Kung, the Minister of Finance.

The Finance Minister was quoted in a press inter- view after the meeting as stating that the proposed Silver Equalisation Committee would be formally established either to-day or to-morrow, it was expected. Local foreign banks are reported

to be opposed to the formation of a Silver Equalisation Committee.

According to the China Press, the initiative in opposing the Com- mittea's formation has been taken by leading Japanese banks and financial interests in Shanghai.- Reuter.

and

POLICY EXPLAINED.

Shanghai, Oct. 19. In an endeavour to clear up certain misconceptions explan the recent action of the Minister of Finance, Dr. H. H. Kung, in relation to silver, a statement was issued to-day in which it was pointed out that China was not going off the silver standard.

and

The introduction of a silver ex- qualiantion port duty and an charge,, merely broke the link be

silver

China tween silver abroad, The link had been severly strained, in any event; qa account of the recent rise, through

-rculation, of silver prices Loudon and New York,

in

The present measures with regard. to silver had been adopted by the Government beranse the unhealthy market conditions bad cutrainated

from Chin In a drain of silver

which, if unchecked, would have lef to the loss of an essential part of the metallic base of China's cur- rency, the statement said.—Renter

TAIKOO OUT OF WATER

BUT NOW NEAR

TO COAST

LANDEMERRIWANGUNAN

Our picture thows Prince George (the Duke of Kent) and his fiancus, Princess Marina of Greece, photographed at Balmoral Chatla together with his parents and Prince and Princess Nicholas of Greece.

DOLLAR FALLS AIR RACE PLANE Insull's

HALF PENNY

Market Remains

Very Firm

The Hongkong dollar

declined a halfpenny to-day to Is. 7ad. The market. however, is very firm, with

CRASHES

BAD LUCK ON EVE OF

inter-bank business having TAKE OFF ·

been done at Is. 738d.

Silver declined 1/8th in London, where speculators, including China, bought and sold. while India and America, bought. The mar

closed steady. with further buyers

ket

CHINA READY TO BUY GOLD

BUT WON'T ABANDON SILVER STANDARD.

MISUNDERSTOOD POLICIES

Shanghai, Oct. 18.

BRITISH MACHINE CRACKS UP

TWENTY-ONE- COMPETING

(Special to "Lelegraph";

My Patimah, Copertyht. Pelegraphie Mca

God women, 1995, Brevived, Ortohes

London, Oct. 18.

at Great Britain's Most fancied machines in the London. Melbourne air race was seriously damaged to-day, only two days bafore the start of the contest.

The plane was flown by Mr. Cathcart Jones and Mr. K, Wal-. ler, had been on a trial flight and

Jim and Amy Mollison, who are flying together in the England. Australia Air Raco,

had run for some distance along EMBEZZLEMENT

the ground after an apparently perfect landing, when the under

carriage seemed to collapse.

The powerful De Havilland

"Comet" enme to a standstill with C. The fact that negotiations are in her engines dug into the ground. progress for arrangements permit-The pilot Immediately cut hin ting China to make purchases of switch, but not before the pro- The latest news received by the gold in the United States was re-pellors had been bent out of all naval authorities of the tux Tal-vealed to-day by Dr. H. II. Kung. shape. koo is that she is slowly proceed-Finance Minister, who declared

It was at first thought that the ing towards the coast in the neigh-that such purchases would soon be entry must be acratched but it is bourhood of Tourane Bay, escorted started. He denied. however, that now hoped that the backers will such an action on part of the be able to procure new propellors by IMS. Adventure.

Chinese Government was not in from France in time to ni them] The weather is rapidly moderat-tended as a preliminary toward into the machine on Saturday und ing, and the two vessels are mak-troducing the gold standard in that she will be ready to take off ing for Kinhon, where they expect China.

with the rest of the contestants.-- Commenting on the opposition of Router Special,

to arrive at noon to-day.

It is disclosed that the Talkoo's supply of fresh water has run out, and that she has only enough coal on board for another day.

FIRST SINCE THE GREAT WAR

GERMAN CRUISER IN SCOTTISH WATERS

Landon, Oct. 18.

foreign banks to the imposition of

the silver export duty, he said that

TWENTY.ONĖ READY.

Mildenhall, Oct. 18.

it was due to their misunderstand. There are twenty-one" planes

AIR SERVICE RESUMING

CHARGE

Enormous Losses

CASH RESOURCES DRAINED

Chicago, Oct. 18.

An amazing story of a stock")

"war" between the market Samuel Insull interests and Mr. Cyrus Eaton, a rival capitalist, was told at to-day's hearing of the case against Inaull, who faces fraud charges here together with sixteen others.

The prosecution alleged that Mr. Eaton acquired such large holdings in key companies of the lusull organisation that he actu ally endangered Insull's control.

Insult was obliged to buy back! rome of the shares in Mr. Eaton's exorbitant rozrezsion, but at an price. Mr. Eaton's terms were for U.S.$48,000,000 in cash for hold- ings with 21 U.S.$8,000,000,

The prosecution alleges that the Corporation Securities Company, one of the Insul subsidiaries, was Iruined of its capital and that it lunted U.S.$18,000,000 loan in order to provide Insull with more

LAST TRIBUTE

TO MONARCH

OLD ENEMIES MARCH AT KING'S FUNERAL

SUPERB

CEREMONY AT

YUGO-SLAV CAPITAL

BOY KING FOLLOWS BIER

(SPECIAL TO “TELEGRAPH")

(By Telegraph. Copyright,Telegraphie Monnages Ordinance, 1805. Received, Oct. 19, 324 am),

Belgrade, Oct. 18. After a superb and immensely colourful military, funeral, at which British Bluejackets, French, Turkish, Greek, Bulgarian, Rumanian and Czecho-Slovakian troops marched with the Yugo-Slavian army's picked men, the coffin of King Alexander was put aboard a train and taken to the famous church at Topola.

The King was interred in the crypt where his ancestors lie burled.

SHIP'S RACE ·

FOR SAFETY

Fire Smothered In Hold

London, Oct. 18. For the past three days, the Italian ss. Leopardi has been steaming at top speed for London with fire. smouldering in one of her. holds.

was

The fire was discovered when the vessel approaching, the Bay of Biscay, and her master, Cap- tain Sporber, ordered the hold to be battened down and steam was pumped into it to obviate the risk of the into bursting

outbreak market, value of

flame.

Captain Sperber wire- lessed to London asking that the Fire Brigade should be in attendance when the ship berthed at Bermondsey early this morning, The firemen immediately board- ed the vessel, and were engaged for nearly four hours before the outbreak was finally got under con-. trol.-Brilish Wireless,

h in the crisis.

The prosecution charges that bis emergency naaneing was con- sealed from the investors, who were simultaneously urged to buy

F. GILBERT PLEADS stock in the company.—Reuter,

NOT GUILTY

Geoffrey Fitzgerald Gil- bert, 37. of "No. 117, Leighton Hill Road, a native of Southampton, England. Was charged with the embezzlement of $4,800 from Messrs.. Arnhold and Company: Gloucester Build- ing, when he appeared at the Central Magistracy this morning.

He pleaded not guilty, and added that he wished he might be repre- sented by counsol.

DEVELOPMENT OF CHINA

INVESTIGATION UNDERTAKEN

Shanghai, Oct, 19,

GERMANY TO PAY RUBBER DEBTS

DELIVERIES WILL START AGAIN

AMPLE SECURITY PROMISED

London, Oct. 18.

Decorated Serbian war veterans entried the coffin of the Boldier King into the dimly lighted church, and the Boy King led the long line of mourners, with his mother.. Queen Marie, close beside hini.

SHORT SERVICE.

Patriarch, assisted by numerous bishops, held a short service, after which the coffin was carried down the stops into the crypt, which a boys' chair-ving awcetly.

The

Only members of the Royal Family Baw the Interment, which concluded-with-the-throwing-of- handiuus of soll into the grave, suit brought from overy, corner of the Kingdom, and even from a cemetary in Salonika wnero 1,000 Deron war dead lie buried.

There was unconstrained weep- ing on everys.do. The Duke of Kent, whispering, attempted to conmort the Process Marina, his hancce.

During the ceremony all the church bells of Yugo-Slavia tolled during two minutes" complete altence which was observed from 2.90 o'clock throughout the country, even the trains stopping-Reuter Special

SEAMAN

KILLED

ON EAGLE

HIT BY FLYING PROPELLOR

LIEUT. CASSON'S PLANE INVOLVED

A most unusual accident re- sulting in the terrible death of an Able Seaman occurred on the Dying deck of H.M.S. Eagle while sho was on her way to Hongkong from the north yes-

All necessary arrangements have been completed for the organisation of an economic investigation com- ing of the Chinese Government's | groomed for the start of the Lon- Inspector Murphy, prosecuting, mlusión to Szecheen, Yunnan and monetary policy:-Central Netca, don to Melbourne al race on safu that there was a possibility of Kwalchow, under the auspices of

Saturday.

further charges ngainst the the Chinese National Economic There have been some tast-prisoner.

Council. The work of thla com-

It is learned that an arrange-terday. minute changes in pilots. Some "fle was in a position of trust mission is intended as preliminary ment has been reached between the of the flying teants are: Squadron and his salary would be about toward extending the construction dealer members of the Rubber The seaman, Edward George Leader Malcolm MeGregor and Mr. $600 a month and about $300 .com-activities of the C.N.E.C. to those Trade Association in London and Russell, was working near several

Walkers Major Roscoe mission,” the Inspector said.

far flung provinces. Henry

the German Bubber: Controller, by planes which were being tested Turner and Mr. Clyde Pangborne;| The Inspector applied for, ons

the outstanding German on the flying deck. It appears The members of the commission which Squadron Lendler Stodart and Mr. week's formal romand.

intend to make their trip to these debts for rubber already delivered that he turned suddenly while. three provinces by air and for this will be settled by instalment pay standing near one of the machines K. G. Stodart; Flying Officer

a nine-month and walked directly into the purpose they have suggested to the menta spread over

spinning propeller. He wan kill-, Eurasian Aviation Corporation the Period. hiring of its new. giant Junkor

The agrooment provides thated instantly, receiving terrible plane.Central News,

should favourable circumstances injuries to the head. The plane ariae, the payments may be ac was stationary at the time," celerated.

LANDING FACILITIES AT CANTON

If

Davies and Lieut.-Com. Hill; Mr.Bail was fixed at $10,000. Cathcart Jonen and Mr. K, F. H. off at 6.30 a.m. Waller; Colonel Filzmaurice and Only bad visibility or fog will Shanghal, Oct. 19, Mr. E. W. Bonar: Mr. J. Woods delay the start of the race. The German cruiser Deutsch- dispute over the

Following the settlement of the and Mr. D. C. Bennett: Misa weather conditions are such that right of the Jaqueline Cochran and Mr. Wesley none of the planes has been sent and steamed up the Firth of Eurasian Aviation Corporation to Smith; Mrs. Amy and Mr. James off by 10 a.m. oh Saturday morn- Forth to-day and was received the Shek-Pai Aerodrome at Mollison-Reuter. with a slate of guns from Edin- Canton, the full service of the burgh Castle.

Peking-Canton air line is to be The vessel, which is paying immediately resumed, while the ex-

WATCHING weather.

London, Oct. 18.

ing it is likely the start will be postponed until Sunday, as all competitors are anxious to have As much daylight flying as possi- the first visit of a German man-of-tension of the Lanchow-Ninghsin Competing machinca in the ble for their first hop. war to Scottish waters since the Line to Paotao will be inaugurated England-Melbourne air race will At present, however, there is wir. will remain in thejna anon as the landing facilities othe” taken from the hangars · at every...... prostact of favourable Firth of Forth until Monday: Faotao are completed. Central Midentiall on Saturday one hour weather over Europe on Saturday.

Neson.

before the first plane is signalled British Wireless.

--British Wireless.

IN WIRELESS TOUCH

The dealers will be able, there Lieut. John Casson, son of fore, to restart almost immediately Dame Sybil Thorndike, was in deliveries of now rubber suppiles charge of the machine. to Germany, on existing contracts,

Russoli - was 'a native of Forts- The following ships are expected on a baals giving them ample mouth, his next of kin baibg his to be in wirelong communication adourity with regard to payment. mother, who resides at 35, Kil- with Hongkong to-day :-Slam, Deliveries ceased when Germany minston Street, Portsmouth. Waipingyang, Foo Lee, Kutsang, put into effect restrictions against Hayre Maru, Dali Maru, Juno, the export of funds for foreign The Eagle arrives here tomor- Daldmoor, Wichita, Bygna, |purchases-Router.

[row evening.