1935-01-24 — Page 17

COMPLEX INDIA BILL

(Continued from Page 1.)

tish Pariamant to draw up an Indian Constitution and demanded that wo consult an Assembly free to make any scheme it desired. Nino out of ton Indians, however, knew that such an Assembly would' never reach any agreement,

THE HONGKONG TELEGRAPH.

RUSSIAN JUSTICE

PRISON FOR OFFICIALS

FAILED IN DUTIES

(Special to "Talograph”).

Despite criticisms, certain un- deniable facts would emerge from discasalon of tho. Bill Firstly, it would be clear that the National Government stood by the pledgen given to India, and, secondly, that no now principles had been intro- duced into the Bill, which carried out the recommendations of the) committee.

COMMON GROUND

Dy Telegraph. Copyright. Telegraphie Wre- Ordinance, 1981. Rorrived January

Moscow, Jan. 28.

The Military Supreme Court has sentenced Feodor. Medved,... After examining the case made former chief of the Leningrad by English critics, both Labour and Internal Commissariat, to three imprisonment for Conservative, Sir Samuel Hoare years' naked would the Blu work? "criminal carelessnoas," because Leaving aside the extremists in he failed to prevent the assas- both countries, he believed there sination, by counter-revolution- | was a large amount of common lats,. of the official Kirov. ground as to what was desired on

Both sides. Ileasonable Indians He had also failed to break up wanted a large extension of self- the Leningrad Centre, the court government, and reasonable people charged.

it.

here were ready to concede

Eleven assistants of his Depart- Equally, both parties desired to avoid the disastrous results whichment were also sentenced with might fallow too sudden and preel-him, their punishments ranging from ton to thwo years in concen- pitate changes.

tration camps-United Preas.

"The Indians do not wish to doprive themselves of the advan- tage of our experience and help. theso They only apprehend that may be pressed to a point that would impinge upon the degre of self-government of which they feel themselves capable. We, on the retain other part, only wish

ןןןן

power in our own hands to far as is necessary to safeguard, in emergency, the essentials of good government, to protect interests that still need protection, and to earry out the obligations that our long partnership with Indin BRA created. Our polley is drawn up with an object which both parties virtually have in common."

THE SAFEGUARDS

FEARFUL TOLL OF

WINTER

(Continued from Page 1.)

Report from

Ottawa indicate that almost the whole of Canada is frost-bound.

A new how temperature for all time was set at Iroquois Falls, Ontario north frontier town, where a temperatur; of 73 degrees belew zero was registered.

Like a painting, is ihla pole of Kay Franels, alar of "Doctor Monica" opening on Saturday at the Alhambra Theatre.

CHINA STRIVE TO AVERT FURTHER

FIGHTING

(Continued from Page stop at Tushow it resistance continuea."

ADVANCE HALTED

At 10.30, p.m. last night, after some four and half hours of fighting, the Japanese advance was halted, But reinforcements commenced to arrive at

once. Presumably the Japanese are pre- paring to continue the push in the morning,

Colonel Takohasi admitted that General Ho Ying-ching had sent a representative to him at 4 o'clock yesterday afternoon, who reiterated

(CENSORED).

MECHANISED FORCE

Peking, Jan. 24.

A member of the Charhar Government, now in Peking, ques- There have been heavy snow-tioned early this morning, stated Charhar had falls in the Rockles and the rail- that fighting in

But while in England the im-way communications, particularlycensed last night but added that pressive fact was the amount of those of the great trans-continen- the Japanese troops at Kuyuan liberty conceded, and the difficulty tnl Canadian systems, have been had been increased by about 500. Canadian Pacific and Presumably the Japanese were was to persuade people hero that disrupted. the safeguards and reservations Canadian National trains between then in possession of Kuyuan,

At Tushikow divintonal

armoured cars Mountain would be adequate and affective, the Rocky the amount of liberty granted was points and the Pazifi coast ter- were concentrating, and the num- from twenty, to obscured to

the Indians by the minal at Vancouver have been bar had grown safeguards. Indian critica were seriously delayed, and beyond the forty.

It is understood that the Peking. apprehensive that the Governor Rockies, un the Alberta side, the General and Governors would be situation is even more trouble-authorities have telephoned to

Snow ploughs are working Nanking for instructions. dictators. Critics here thought all some. political power was being surren- at top speed to keep the trucks dered into the hands of an unre clear.

So far no accidents have presentative grant nf political been reported on the railroads demagogues and theoriats,

Renter.

In both cases, the actual working of the Constitution would show that | ==

a

there has been unnecessary appre no reason to assume that they hension. Common sense and past would be lear successful in obsery- experience justified this prophecy.ing the spirit of the new Constitu- In the past fifteen years, Legia- tions, and in striking due Intures and Ministers In India had balance between their diverse -shown a spirit of responsibility functions in the future than in the

which had been noteworthy in cir- cumstances

conspicuously

nat

"

past.

FIGHTING AT NOON

It is now learned that shortly after noon yesterday fighting broke out along the Great Wall when Japanese infantry delivered a surprise attack on the Chinese line at Tushikow.

Tushikow and Kuyuan were the main points of the attack, ond form the end points of the line to which the Japanese ultimatum, recently delivered, warned the Chinese that they must withdraw. The area in this vicinity is dia- puted in connection with the Char- har boundary delineation. received any explanation for the reason of the attack-Reuler.

Japanese ofßefala here have not

favouring responsibility. In actual After referring to the formida- practice, it would be found there ble task with which the machinery would be no

Parliamentary Government mare temptation to of Governors to Issue emergency, would be faced in passing the Bill ordinances than to Legislatures and without undue delay, Sir Samuel Ministers to stage constitutional said that if they succeeded they breakdowns.

would unite Indians in an all- India Federation in which the STRIKING A BALANCE. Indian Provinces and British and Much would, of course, depend Indian public men, Moslems and upon the Governor General and Hindus, Sikhs and Christians, Governors. The intention of the could work together for Indianperations are in progress, al- now Constitutions would be to ex-prosperity and prestige within the tend the sphere of their political great circle of the Commonwealth guidance and to diminish that of of the British Empire.-British their executive action: There was Wireless.

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CHINESE REPORT

Prking, Jan. 24. The latest report from Kalyan atates that Japanese offensive

though no resistence has been offered by the Chin:so garrison troops along the Eastern Char- har border. Over 3,000 Japanese troops have crossed into the Chiangling area and are subject- ing the enrrounding districts of Kuyuan to heavy artillery fire.

Cerlain artillery and infantry units have been drafted into the zone of military operations from Pingeburn, Lingyuen, Chengteh and Kupelkow.

Heavy damage to property is ported to have been done by the Japanese artillery fire and air at- tacks in the Charhur border dis- tricts.

Meanwhile, the Peking author!. Es are, sending a delegation to take up the matter with the Japanese with the hope that the situation will not be aggravated, -Central News.

Peking, Jan. 24.

A military report reaching here from Kalgan states that heavy fighting was resumed this morning when the Japanese troops made a further advance wostward. ́ ́ A severe engagement has taken plaĉo at a point about twenty miles to the east of Kuyuan, Indicating that Kuyuan has not been taken by the Japanese..

An official of the Charhar Government declared in an inter- view this morning that China had maintained a conciilatory attitude throughout towards the Chachar border problem.--Central News.

to-

IN WIRELESS TOUCH

The following ships are in com munication with dongkong day:—Takada, Sui-yang, Shelton,· Commandant Henri-Riviere, Lap Įtute=Maru, Calcutta Mara, Persoús, Siamese Prince, Anyo Maru, Kamo Maru, Mayon, President Grant, General Sherman, President Hoo- ver, General Lee, Tatauta Maru..

THURSDAY, “JANUARY ~ 24; 19255

China Avoids NEW YORK STOCK

Comment

NO REACTION TO HIROTA SPEECH

(Special to "Telegraph”).

(By Telegraph. Copyright, Telegraphis gue Ordinance, 1298. Brevivid, Jan

15. 10-M.MJ

Peking, Jan. 23.

EXCHANGE

MARKET VERY DULL'

YESTERDAY.

The following reports on the Now York stock market ave been received through Messrs Bwan, Culbertson

of

Fritz The Wall Street Journal report on yesterday's markets:- Stocks were very dull, irregular and uninteresting with the exception electricity shares, which were firm on active trading, due to rumours that Genaral Electric is developing a transformer which would greatly cheapen its output of electricity. General Electric sales comprised 19% were firm. Stocks on the Curb Ex- of the day's total business. Bonds change were irregular. Wheat prices com-were upward.

As was expected, under prevail Ing-international conditions, officials and press have refrained from com- menting upon the Koki Hirota's re- cent declaration of Japanese foreign policy up to the moment.

Paking officials decline to ment in any way whatever.

The only newspaper to say any- thing was the Tientsin Ta. Kung that the Pao which pointed out speech to the Diet was as vague us possible and meant as little as pos-

ible.-United Press.

SHARE PRICES

The following is the list of local share quotations issued to-day:

·Banks.

Hongkong Banks, $1545 n. H.K. Banks, (Lon. Reg.), £140

11.

Chartered Bank, £16 n. Mercantile Bank, A. and B. £32 m, Mercantile Bank C., £13% n: East of Asia Bank, $90 b.

SPIRINE voru, da. #20 China O. Fin. Ord. Sh. $1.80 . China 0. Fin. Pref. Sh. $41⁄2 n.

Canton Ina.. $275 n. Union Ins., $490 n. China Underwriters, $1.20 b. China Fire, $490 n. H.K. Fire Ins., $228 n. Internati Assce, Sh. $5.00 n.

PINK

Douglas, $40 n. ILK. Steamboats, $7 n.

Indo-China, Pret.), 180 n. Indo-China, ( De* 1 *39 d. Shells (Bearer), 54/41⁄2 n. Union Waterboats, $18% n.

Antanokes, 871⁄2 sa. cum. div. Balatoes $41 n.

Baguio Gold, 41 ets, sa. Benguet Consolidated $141⁄4% Benquet, Exp. 18 cts, u. Bonguet Goldfield, 10 cta. n. Big weitgs, Iete, n. Gold Creek, 381⁄2 etş, n. Gold River 23 eta, n.

Ipo Mining, $1 n. 177 Ilogons, 42 cts. n. Salucot, 16 cts,

Kallan, 19/6_n_2}\

Langkats (Single), $15 n.

,

S'hai Explorations, Sh: 36 n. S'hal Loang, Sh. 88 n. Raubs, $9.10 n.

Venz: Goldfield, $5 á..

II.K. Wharves, $116 sa. H.K. Docks, $1% n. Providents (old), $1.40 8. Providents (new). 30 cts. n. Hongkews_(old)... Sh._$309_n. New Engineerings, Sh. $63⁄4 n. Shanghai Docks, Sh. $120 a.

Cotton Mills,

Ewo Cottona, Sh, $8.90 n. S'hai Cottons, (old), Sh. $74 n.- S'hai Cotton, (new), Sh. $44%

Π.

Zoong Sings, $0.40_n.

Wing On Textiles, Sh. $55 ..

Lande Horákaste,

11. and S. Hotels, $4.95 b. H.K. Lands, $60% sa.

HK-Lands 4% debentures,

$101 b.

S'hai Lands, Sh. $241⁄2 n. Metropolitan Lands, Sh. $12.20 n. Humphreys, $01⁄2 n.

H.K. Realtios, $5.10 Asin Realtica "A" Sh. $100 n. Anis Kendlies "B′, St. $20 m, Chinese Estates, $88 n. China Realtics, Sh. $12 China Debenture, $123 n.

Tramway, $20.30. b. Peak Trama (old), $9 n. Peak 3rams rew, $7 L Star Ferries, $98 n YRUMA!

a.

$22 n. China Lights (old), $9.00 n. II.K. Electrics, $70. b. Macno Eleuries, 420 n. Sandakan Lights. 88 0. Telephone (old), $25 'sa. Telephone (new), 8 China Buses. Sh. $12.40 n. Singapore Tractions. 6/- n. Singapore Pref. 17,9 n.

aankumkataba

Malabon Sugars, $8.50 d. Cald: Macg (old), Sh. $20 n. Culd: Mnek. (Pref.), $19 Canton lecs, $2.85 m. Cement (Com), $1.97% n. H.K. Ropes, $3.80 #.

Stores

Dairy Farms, $241⁄4 s. Watson, 34 n Lane Crawfords, $3.75 m, Mackintogus, ads ni

Sinceres, $80 cts. !!.. Wing On (H.K.) $105 .

Miscellaneous.

Am. „Powers

Amusements. $1.85 n.

HR.. Entertainments, -8734 S. O. Enterprise, $1.85 m.

ๆ

Constructions (old), $1.85 n. Constructions (now), 51 cts. n. Vibor Piling, $5% 6.

n.

Ch "invt, 6% 1925 G.$ Bonde

90% n.

H.K. Gov. 4% Loan 84% prent.

b.

HK. Govt. 34% Loan, 14%

prem..b. Wallace Harpers, $7 n.

An

The

S. C. & F. Now York offles cablest- Norfolk Western has declared extra dividend of $2. Du Pont de Nemour's earnings for 1034 totalled $3.06 por share as against $3 per share. for 1933. Commonwealth & South. ern's earnings for 1034 were 65.02 par preferred share as against $0.46 for the previous year. Brooklyn Manhat tan earned $2.76 the 0 months ended December 31 as against $3.42 for the corresponding period of the previous year. The New Montgomery Ward catalogue prices average 67 below prices of a year nga. Senate has approved the Bill prohibit ing illegal of shipments, while the Interstate Commerce Commission, fa restoring the power previously denied to the Supreme Court. Electricity output was up 9-4/10% for the week ended January 19. Daily crude oil pro- 'duction in the United States totalled 2,630,000 barrels for, the same week. The Bureau of Labour Statistics re parts that home building permits for December were up 64% in volume,, but were off by 14 in value, as' compared with December ago. Business done:-620,000 shares. New York & Chicago commodity re. port received through Méskra, Swan, Culbertson & Fritz:

A усп

Cotton: There has been a sharp reduction in the Indian crop, which is estimated at 4,857,000 balor by one prominent house. An improve. ment la reported in "spot" demand. Ginnings to January 16 amounted to 10,380,000 running bales. Extreme cold was beneficial to the new crop, both conditioning the land and killing insects.

of la

Grains: No initiative in buying restricted exportable, surplumen of leading producera and general un- bertainty were contributing to an un- seltled market. The estimate Argentine exportable wheat, 102,000,000 bushels, while that for corn is 15,000,000 bushels,

the Rubber: We understand that labour troubles at Akron have been Beliled and an early advance of tyre prlees may be expected. There was good factory demand fractionally under the market, Heavy shipments from the East were attributed merely to shifting of stocks.

The following quotations are by Reuler:

Dow-Jones Averages:

30 Industrials

20 Rails

20 Ullities

40 Bonds

11 Commodity

Jan. 22.

Jan. 23.

*02.77

102.88

*34.84

34.50

17.41

17.41

96.60

96.01

69.04

60.10

Leading Stocks

Jan. 23.

-35

24

65%

44

31% 9%

Montgomery Ward

27 20%

N. Y. Central

18

37%

Amer Smelt Auburn Сдае El Bo & Sh Gen Motorn Int T. & T. Mcintyre

Nat Distillera

U.,S: Steel

FANTASTIC SCHEME

MISS PERKINS SPEAKS OUT.

(Special to "Telegraph")

Washington, Jan. 23. Miss Francea Perkins, the American Minister of Labour, to day spoke out in one of her rare attacks upon contemporary- re- formors.

At the Ways and Meana Com- mitted session for the examination. of the Administration's security programme, Miss Porkins said the

Plan" "Townsend fantastic and that the cost alone would make it prohibitive-United; Press.

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INCREASING MONEY QUEEN'S FROM SUNDAY

ISSUE

Parle, Jan. 20,

The Chamber of Deputies Financial Commission, by a vote of eleven against Ave, to-day approved of the Government's Bill for an increase in the limit of the issue of short term Government Bonds,

The limit approved by the Com. mission is 15,000,000,000 france, which has been raised from 10,000,000,000 francs. The BI will probably be debated in 'tho Chamber of Deputies on Friday, January, 25.United Press...

WALL STREET DULL' Maker New York, Jan. 29, To-day saw another very dull session on the Stock Exchange here, with most isages fractionally downward.United Press, 2

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