1935-01-21 — Page 13

THERE IS

REE THAT

"SOMETHING DIFFERENT" SOMETHING VASTLY SUPERIOR

ABOUT

MALKIN TILES

QUALITY—ART—EXCLUSIVENESS,

Represented In Hongkong by C. E. WARREN & CO., LTD.

China Building.

"Street, He

The

FINAL EDITION

DUNLOP

provides the

Hongkong Telegraph. E

Tel: 20269.

FOUNDED 1981

No. 14699

21, - #-#ƑEXWF MONDAY, JANUARY

1935.

JAPANESE OFFER PACT TO CHINA

A NON-AGGRESSION TREATY?

NANKING NOT GREATLY IMPRESSED

(By Telegraph. Copyright, Teleghaphic Messages Ordinance, 1804. Received, Jan. 21, 2 p.m.)

Nanking, Jan. 21.

Declining to comment formally upon the reported offer by Japan of a non-aggression pact for China's signature, the Foreign Office here to-day intimated that pending official information on the subject it was, unable to offer any opinion.

A spokesman of the Foreign Office remarked, however, that a pact of such a nature would be no hindrance "when they wanted to break it." He pre- sumably referred to the other signatory of such an agreement.

Other circles regard the Pact plan as a clever gesture from the Foreign Minister at Tokyo, Mr. Hirota, designed as a means to induce official considera- tion of the northern boundary issues.

Another spokesman to-day char- acterised the preas reports of the Charhar situation to have been greatly exaggerated.—United Press:]

CHINA'S INTEGRITY (Special to "Telugraph"}

thy Talegraph. Coverīgā), Tolsgrajkie Moos apes. Ordiranno," 1184: Beovivad, January

Chicago, Jan. 20.

The Harris Foundation of the University of Chicago in recom- mondations made publie to-day. urges a policy designed to con- tribute to world stability, and characterises the possession of the Philippine Islands, Samon and Guam as a military weakness.

The weakness, it is pointed out, arines from the fact that the United States' Bing in these Pacific possessions puts her in a position from which she cannot, with

others sincerity, criticise

who endeavour to expand their national holdinga. The Philippines, Samoa and Guam are like "hostaves in the hands of potential enemies in the Far East," says the mendation.

recom-

the

BALKANS APPROVE ROME PACT

PRINCIPLES OF VALUE

ENTENTE READY. TO ADHERE

(Special to "Telegraph”)

18y Telegraph, Copyright. Telegraphie Ma

Ordinance. 12. Received, January C. & 4.m.)

Genven, Jan. 20.

a com-

DEATH OF FORMER H.K. FIGURE

MR. KWIK DJOEN- ENG

MAN OF VAST

WEALTH

Telegraphic news has just been received, in Hongkong of the death of the former multi- millionaire, Mr. Kwik Djoen-eng, known na the Java Sugar King, and one of Hongkong's most

Prince Von Starhemberg, Vice-wealthy property holders, with Chancellor of Austria, who has come vast interests at North Point. out definitely in support of the ri

toration of the monarchy.

CHARHAR CLASH AVOIDED

LOCALISING PROBLEM

BOUNDARY DISPUTE

A native of Pukien, the Inte Mr. Kwik Djoen-eng spent many years in the Java sugar business from which he amassed a vast fortune of many million dollars. At one time his Hongkong branch was one of the biggest sugar dealers in Nam Pak Hong, trading under the name of Kiem Tjian Han.

The Inte Mr. Kwik be- came seriously 11) while on a most recent trip from Java to Formosa. Despite the best medical attention | from European and Japanese doctors, he died at his Fórmona residence during the week-end. He was about seventy years old and is survived by number of sona, daughters and grand-children. Some years ago, ho spent a huge sum on the North Point reclama- tion development with the inten- tion of erecting godowns and wharves for ocean-liners. The scheme, however, underwent modi- fication, owing to trado depression. On the reclamation now standa a number of Chinese and European style residences, owned by the late Mr. Kwik,

Peking, Jan. 21. The Charhar border trouble is being reduced to a local issue and is expected to be, amicably settled. It is indicated in a statement made by Colonel Takahashi, Military Attache of the Japanese Legation here, who said that as it was more ly a local problem the Japanese military authorities had luntruct- ed a Japanese military officer Mr. Kwik lived In Java for over stationed at Kalgan to conduct 40 years and met with great negotiatious in collaboration with succoss-thanks to his business the

Charhar authorities for

aabilities in extending his uncle's, final readjustment of the boundary Mr. Kwik Hoo-tong's firm of Gim Hine in the disputed area.

Moh in Selo (Sourakarta) to one of great magnitude.

The local Chinese authorities have also admitted that negotin. tions would be held at Kälgan

within the next two days.

The Chinese authorities. re-. asserted that no regular Govern ment, troops were stationed in the Tatan area, as was alleged by the Japanese.

SUNG EXPLAINS

.

In 1921, Mr. Kwik roturned to Hongkong, where he has establish ed the Ching Siong Company. It

was then that the idea occurred to

Attac+BINGLE COP 15 CENTE

Prince Olto, whose early restora tion to the Throne of Austria ia ex- pected.

MURDER TRIAL STARTS

INTIMIDATION ALLEGED

STABBING ON QUEEN'S RD.

might suggest a vengeance mo- Stating that the evidence

tive to the jury, Mr. J. A. Fraser, Assistant Attorney Gen- eral, put the Crown case of murder against Li Shing, alias Li Wing-wa, before Mr. Justice A. D. A. MacGregor, at the Supreme Court this morning.

him to build a quay wall of over Accused faced a charge of kill- 1,700 feet for the accommodationing, with others, n clausman named of big cargo steamers. The work Lam Ming, alias Lam Chung-wing. was eventually put in hand, being aged about 36, un October 28. entrusted to the Netherlands It was allied that the victim In was bludgeoned with a piece of In an interview, General Sung Harbour Works Company. Chel-yuan, Chairman of the Char: 1926, the late Mr. Kwik was piping or bar and then stabbed har Provincial Government, stated decorated by the Netherlands through the body with a long knife that the trouble on the Charkar- Consul In Hongkong with the whilst being held helpless in the The nations of the Balkan Jeho border originated when a Officership of the Order of middle of Queen's Road East early

in the evening. Entente have Issued

body of Manchukuo troops, under Orange-Nassau. Without this handicap,

During his lifetime, the late Chang Hui-pang, attempted to

Mr. H. G. Macnamara, instructed United States might be able to unique in which they announce compel the local militia guards to Mr. Kwik did a great deal of by Mr. J. M. Hall, of Messrs. apply economie pressure, if it were their agreement for adherence withdraw from the Chiangliang charitable work amongst the Lyson and Hall, appeared for the found advisable or neceaanry, in to the Franco-Italian Rome Pact, ares some time last week. But the poorer classes in Java, and he defence.

at Chinese school any general consultation on future:

guards refused to. yield to pres-founded a

The Jury empanelled comprised altuation Djocjacarta and an Anglo-Chinese Messrs, F. Cope (foreman), Chung emergencies in the Far East.

aure. Hence a lense

school at Semarang.

Wah-sum, Llang Tak-chuen, A. utility of the principles of the So for the Charhar Government

Ribiero, Pong Liu-kam, S. A The recommendations go on to Rome accords, which call for the had never been formally approach..

Rumjaho, and T. A. Pearce, state that a provision for a general respecting of Austria's presented by the Japanese authorities in consultation in connection with boundaries and international arbi-this matter, he added. The guards the Kellogg Pact should be subtration in the event of disputes aver stituted for the present Far East frontier queations

NEW SCHEME

The Balkan Entente, the com- muniquo states, recognises The

consultative arrangement in the The support of the Balkan

avent of omergencies and on be states for the Rome Pact brings a half of the preservation of China's greater weight of confidence to integrity.

Europe for a continuation of peace. thatUnited Press.

it is further pointed out Russo-Japaneso rivalries in Mon-

golin may be the precursor of efforts to control China from the

GENERAL APPROVAL,

Geneva, Jan. 20.

North, as was the case in ancient The general approval, of the days, instead of from the sea, was the chao at present.

The recommendations advocate tho abandonment of extra-

territoriality in China by the United States and also revision of the immigration laws as a gesture of friendliness towards Japan, At present Japanese immigration to the United States is very closely restricted.-United Press.

By

NEW MONEY FOR SAAR

REICHSMARKS FOR FRANCS

Berne, Jan. 20.

an agreement concluded

Franco-Italian agreements, was conveyed to the League of Nationa to-day from a conference of the representatives of the states of the Yugo-Slavia, and Rumania. Balkan Entente, Turkey, Greece,

They reaffirmed the solidarity

of the Entente and expressed the

was created in the border area.

wero stili stationed, at Chiang- Jiang and had not received orders from the Charlar Government to withdraw.Central Newa.

HUGE BANK RESERVES

MONEY TO SPARE IN AMERICA

(Special to "Telograph")

Washington, Jan, 20. The Federal Reserve returns re-

Convict's

Dive Into

Cauldron

DREADFUL DEATH IN PRISON

HEART-BROKEN BY DIVORCE

(Special to "Telegraph”)

(by Telegraph. Copyright, Telegraphis Mem angia Ortinnxor, 1171, Received, January

hope that the Franco-Italian agree-part that the reserves of Member.so ments would be supplemented by Banks amount to $4,400,000,000, ari consideration of the situation with excess of $2,100,000,000 to the which they dealt by all the Federal Reserve quota, which is a countries interested in the main-record high.. tenance of the peace of Central and Soutborn Europe.-Reuter,

hero, the exchange of Reichsmarks IN

for franca of the Saar will begin immediately.

NEW STRIKES THREATEN

AUTOMOBILE AND

· TEXTILE TRADE··

(Special to "Telegraph”)'

MURDERERS ESCAPE

PER AMDIUM

greatest possible

TYRE ECONOMY

CLOSER CONTROL OF CURRENCY

EX-SENATOR OWEN'S PLAN DIVULGED

WOULD BE STEP TOWARD STABILISATION.

Washington, Jan. 20. Former Senator Robert L. Owen, who is sometimes called "Father. of the Federal Reserve System" because he was the author of the, legislation creating it, to-day granted the United Press an exclu- sive interview in which he urged that the Government, either by a new statute or by outright purchase of the controlling interest in all Federal Reserve Banks, should place itself in a position to control U.S. currency more effectively and contribute to the stabilisation of international exchange.

Mr. Owen, who has been in Washington since be fore the present session of Congress met, was one of the prominent figures attending the monetary con- ference called here last week by Senator Elmer Thomas of Oklahoma.

"The objective of the permanent monetary con- ference," the former Senator told the United Press, "is to see to it that Congress discharges its constitutional duty to control coinage, including the regulation of paper currency as well as metallic money."

SILVER MARKET PROSPECT

U.S. MUST BUY FROM' PRODUCERS,

NO METAL 'FROM. INDIA

He said that the best agency to accomplish this purpose is the Federal Reserve System, the mom- ber banks of which, he declared, should be controlled by law or by purchase. Ho added that the Government would be able to pur- chase for U.S. $146,000,000 sum- cient stock to gain control.

Mr. Owen pointed out that the Federal Reserve System derives its Importance from a governmental grant of power, and he said that if the Government owned the System it could expand bank credit at any tine merely by the purchase of honds.

He expressed the opinion that stabilisation of international ex- chungo could be effected if the United States established the pur- Now York, Jan, 20. chasing power of the U.S. Dollar, The official report of the which he said would simultaneously Department of Commerce on stabilize the purchasing power of an silver imports into the United ounce of gold. This, he declared, States for the week ended would enable other nations to stabi- January 11 goes far towards lise their own currencies.

Ex-Senator Owen spoke in com- confirming the opinion that the plimentary terms of the present per- United States in the future sonnel of the Treasury Department, must depend for silvor imports expressing the opinion that the on silver-producing countries, Treasury has "uble advisers". He rather than on those which use predicted that they are aiming at silver as their monetary stand results "which will Rotisfy the ard.

country".

Discussing the famous "Gold This Is a point brought out by Clause" cast, Norman C. Norman Mr. Fraser said the victim of Mr. Elmer C. Walzer, financial versus the Baltimore & Ohio Rail- the killing was an assistant of the editor of the United Press, in way Co., which is being reviewed accused at a hawkers' stall in his comment on the official report by the Supreme Court, and which D'Aguilar · Street, On Sunday, and on previous despatches con- has exerted an unsettling effect on October 28, he left the stall in the corning the United States' silver U.S. markets, the former Senator

painted out that the Afternoon to attend a football purchasing programme.

Supreme Court's right to review.gold con- match at Wanchal and it Was

Although Hongkong was the tracts rests upon a federal statute. while he was returning home and

second largest shipper of silver Consequently, he said, a possible the streets were crowded with peo to the United States during the solution of the question would be ple who had been watching the weak under review, it is note-the adoption by Congress of u con niateh, that the killing took place worthy that Imports from that current resolution which would and the murderers oscaped.

Colony were only U.S.$276,000, or withdraw the right of appeal in Accused and others went

on25.4 per cent. of the US.31,087,000 such cases.—United Press. their errand of death with a but received from the principat pro chers' knife and a piece of metal. ducing country, Mexico. and it would be stated that after Mr. Walzer notes also the com- being struck on the shoulder with plete absence of Imports from the metal bar, the unfortunate, India. Silver ore to the value of man was pintoned from behind U.S.30,000 was received during the whilst an assailant plunged a week from the Philippine Islands. knife into his chest,

The week's receipta from Mexico The wounded man staggered included 817,000 ounces of base the length of two shops before he buillon and 1,203,000 ounces of collapsed outside No. 18, Queen's buillon-United Press, Road East and when Bergt. Whit croft was informed and an ambul ance summoned, he was found to

'SHARP DECLINE

Washington, Jan. 20.

TIGHTER GRIP

MUSSOLINI'S FINANCES

Rome, Jan. 20.

Paris, Jan, 20. Diving head first into a giant copper cauldron in which forty This excess of reserves will ren-gallons of "skilly" soup were dor possible loans and investments boiling for the convicts dinner,

A new financial decree extend- to the extent of $55,000,000,000, as Regis Rondeau put an end to his

The latest Department of Com-ing the scope of measures onacted with $28,000,000,000 seven years' sentence at Riomers had acattered up Wing Fung moreo reports show a sharp de-last December, compels citizens which is the amount available for Prison, Puy-de-Dome to-day, Street and Arsenal Street and cline in domestic silver produc- to declaro any foreign credits in.

compared

inflation.

It force,

has

form.

༣

divarco. The final blow came when he

be dead. Meanwhile the murder-

every

the current year, without involving Rondeau was regarded as a defendant was seen running with tion, from 2,312,000 ounces In their рокнезом every three

It was further learned here to model prisonte and the authorities what appeared to be a knife In June, 1934, when silver purchas- months.

Banka and commercial arms; day that the new issue of reglaira-entertained great hopes for his re his hand. At any rate, the Crowning was effective, to 1,970,000 in

would prove that he had a knito November.

aro required to declare tholr tlon regulations by the Securities The man became desperate, it immediately after the killing, and Thus the decline amounted to foreign_holdings .. once Exchange Commission will probably is bolloved, when he learned that that if he did not actually kill the more than 16 per cent. but when month. Previously this doclára be more

liberal than those at present his wife, whom he loved very man, he took an active part."

the silver purchasing measures tion was asked for once yearly. were adjusted the production In- The plan is one by which Signor Meanwhile, the Administration greatly, had obtained

docided

dex rose to 22 per cent, although Mussolini hopes to control Italian to continue the existing

at the same time the price of sil- capital investment and to restrict Stock Market Control regulations learned that the custody of his for at least another year, as they two children had been given to his

ver in New York rose from 45.2 to the apanding of funds abroad. feel that it is unwise to seek fur-wife, and not to his mother as ho

54.3, or nearly 20 per cent.

Simultaneously world silver ther legislation in this connection had hoped-Reuter Special. until the present programme has

production rose from 14,871,000 stantially substantiate the view been fully tested.

ounces to 15,808,000. A

that the United States will be Competent observers have noted forced to seck abroad csuficient. that, coupled with reports of In-supplies to full the mandatory crossing imports, figures circum-programme-United Praut

..

The francs will be placed in the Bank of International Settlement, purchased by Germany, and will be at the disposal of France and go towards the payment for the

Washington, Jan, 20. mines of the Saar into which French capital has been sunk Labour leaders report that con- during the past few years. Ger- ditions in the automobile and

tion of the Stock Exchange details many as-previously announced, textile trades are such that both The Security Exchange Commis-of which will probably be made will take over these mines with industries are overshadowed by alon has completed a report for public on Monday, January 21, and its reading would be opposed the Saar territory-Reuter. threats of strikes.--United Press. Congress on the internal organisa- United Press,"

ARRESTED AT WHARF Accused, was arrested whilst coming off a steamer from Canton at 11 pm, on November 26 ha made a statement to Sergt. Fitches on which the Crown mainly based their case. That atatement had been objected to at the Magistracy

(Continued on Page "B.))