1935-02-25 — Page 13

FOR ALL

KITCHEN EQUIPMENT, STOVES, BOILERS, SINKS.. Etc., Etc.

ADOPT MODERN METHODS."

CONSULT

C. E. WARREN & CO., LTD.

China Building.

Tel. 20269.

elegrap ing, Post Lid,

FINAL EDITION.

The

Thongkong Telegraph.

FOUNDED 1983

No. 11325

HIGHEST DOLLAR IN FIVE YEARS

EXCITEMENT IN H.K. EXCHANGE CIRCLES

SHANGHAI RATES RUN AWAY FROM SILVER

-拜疆 號五廿月二英港香

AIRMEN'S AMAZING ESCAPE

R.A.F. BOMBERS LOST IN STORM

MADE BLIND LANDINGS

London; Feb. 25. Seven bombers of an auxillary Air Force unit stationed at Edinburgh and Glasgow, were forced down in a blinding snow-

Largely as a result of the steady advance of Shang-storm yesterday, three of them

hai exchange, the Hongkong dollar registered a further advance of a farthing this morning, opening at 18. 10gd., which is the highest rate for over five years.

Exchange rates in Shanghai were very firm this morning, the market opening at 1s. 634d. The rate is running away from silver, and there is considerable speculation as to likely developments, especially in view of the fact that an oversold position of something like £2,000,000 exists. There is considerable excitement in exchange circles both in Shanghai and Hongkong.

Small business was done in Hongkong this morning as high as 1s. 10.11/16d., but the market rate is about 18. 1034d. and 16. 10.5/8d. Considerable uncertainty exists as to the immediate future.

In

After the opening firmness, the Shanghai market fluctuated and later became somewhat easier. One factor in the advance rutes is said to be Mr. Macklo's speech at the annual meeting of the Hongkong and Shanghai Bank- ing Corporation, which is con- aldorod bullish in some quarters.

GOOD PROSPECTS Exchange both in Hongkong and Shanghat remained firm this afternoon, with prospects of a further advance. Bual- ness locally has been done at 18. 10.13/10d.. whilst the Shanghai rate this afternoon Was 19. d.

SILVER MOVEMENTS

Shanghai, Feb. 26.

BUSINESS BOOM AHEAD

AMERICA. LOOKS FOR PROSPERITY

1936 WILL BE GOOD YEAR

Washington, Feb. 24. Political observers and econo-

landing in Northumberland's coast and four near Edinburgh.

Three of the machines wore severely damaged, but only two of the airmen suffered injuries.

They were of a minor nature,

One of the bombers crashed and

bounced into a hay-rick and an

other came to earth within a few yards of the incoming tide of the Firth of Forth.

Others somersaulted and burled their noses in fields.

People of Edinburgh, sheltering from the blizzard, had no idea of the drama being enacted above their heads, behind a heavy cell- ing of cloud and snow. They imagined the roar of the engines of the big bombers, as they cruised around in a vain attempt to find a break in the weather and alght of the ground, to be an airship.

They were only disillusioned when planes, weighted with snow, come so low that they seemed to be skimming the roɔfs of houses. --Renter.

YOUNG OFFICER. DISMISSED

NAVAL COURT MARTIAL IN HONGKONG

A victim of his own popularity. mists believe that the inevitable Paymaster Midshipman Peter Par effects of credit inflation ac-sons Smith, of HMS. Suffolk, According to returns Issued by companied by recovery and ac-well-known footballer and sports- this morning, court tive business will appear in man, the Shanghai Maritime Customs authorities, the total amount of 1936, with 1937 a full year of martialled and dismissed the ser-

United prosperity. They expeet a bugi-vice. silver experted to the

Smith, aged 20, pleaded guilty, States from Shanghai for Januaryness boom between 1937 and with mitigating circumstances, to was $1,000,000, while silver im-1940. Commodity price levels three charges. They were: Being ports from Hongkong for the same are expected to rise slightly by improperly absent from January 6 month were $2,560,000, showing at the end of 1936, Business volume to January 9; stealing a cheque excess of imports of more than is probably now

at peak for form of the National Provincial $1,000,000 over exports.-Central 1935,

Bank belonging to Midshipmen News.

November 28; Stock prices probably will double Fitzroy Bush on NEW YORK MARKET

in the next Tour to six years; offering and uttering on January corporate bonds are expected to 7, to the Hongkong & Shanghai- rise over the next two to three Bank with intent to defraud,

ears, with interest rates moving cheque for £20 bearing the forged steadily downward during the next endorsement of Paymaster Com- mander C. B. Hughes, knowing it

New York, Feb. 24. It was reported to-day that the favourable factors influencing the Stock Market were increasing re-

two

years.

tail trading, and improvement in The Washington situation dur-to be forged. labour difficulties, particularly ing the next few months will pro- The Court comprised Capt. A. D. the automobile industry, the carnbably be depressing. Government Rend, H.M.S. Folkestone, Pres!- ings report of which is still Hold- monetary policy will not be dent; Capt. A. R. Halfhide, H.M.S. Ing good.

The unfavourable factors are the decline in Youngstown aleel production, the uncertainty regard. ing legislation, and bearikhness in the rail investment market.

likut

was

changed as a result of the Gold Tarantula: Capt. E. F. B. Law, Clause decision.

H.M.S. Herald: Cmdr. H. C. Legge, The $4,800,000,000 Work Relief DS.C., H.M.S. Tamar; and Cmdr. A.

upset in the Sonato by R. M. Bridge, H.M.S. Lowestoft, Bill was the provision for payment of the Paymaster Commander F. R. prevailing wage scale, but a uig Porter Officiating Deputy public works programme is stiti Judge Advocate. Paymaster Lt FINANCING EXPECTED

Moderation changes are liko- Cmdr. K. L. Dunn and Surgeon the prospects are for the Cmdr. A. E. Phillips, both of Competent observers here state that they are expecting new im ultimate enactment of a fairly H.M.S. Suffolk, appeared as Pri- soner's Friends, and Cmdr. W. A. portant financing operations to drastic holding company bill,

The Wheeler "Anti Big Busi Whitaker, of H.M.9. Suffolk, op commence Boon,

will which 'ultimately

nese" Bill with graduated super peared as Prosecutor. tho reach

pre

corporation income above In the circumstantial letter read depression stage as a result of the tax on

three million is not expected to to the Court giving the outline of gold clause decisions which have

the case, it was stated that accused removed one of the

greatest pass.

The NR.A. is likely to be con- was ordered on January 2 that he current barriers to new financing. tinued for a year or two.

was not to leave the ship. Ho left This barrior was, duo to many Now major commitments now the ship on the following Saturday new issues having been held in seriously under consideration by morning and on Wednesday ho was abeyance in view of the un- Congress involve over $10,000,000, brought back to the ship, having certainty whether the new issues 000. Government experts appear stayed in the meantime at a hotel. would be on an equal footing with to be afraid of a further declinelle made no statement when asked oxisting securities containing the in the pound sterling.

for an explanation." disputed gold cinues.

The Administration may be forced in compromise with "Con- Also there was the uncertainty gress to place special taxes on whether redeemed securities could comporale surpluses.--Stean, Cul- colved a request from the Hongkong be repaid in devalued dollars. bertson and Fritz.

It is expected soon that the. Bethlehem Steel Corporation will float a $45,000,000 bond issue, and that the Canadian Pacife will} Rent a $50,000,000 issue.

оп

MONDAY, FEBRUARY

Mr. Randolph Churchill, who is to start a campaign for a revival of the

·Conservation Party a distinctive political unit.

M

Two Killed

When Fire

Starts Panic

JUMPED FROM BURNING HOUSE

THREE OTHERS. BADLY HURT

In a most disastrous fire, which broke out in the West Point district at '4.30 this mort- ing, three houses were damaged, whilst the casualties included two people killed and three others gravely injured.

The victims were: KILLED

Chun Kul, a 70-year-old widow;

Tom Hau. A

and

female child.

three-month-old

INJURED Mok Tai, 35, a married woman.

Tam Nga, 6-year-old lad, who suffering from hend injuries; had a leg broken; and

Lam So-ying, 34, a woman, with hend and body injuries.

All five were panic-stricken inmates who threw themselves from the third and topmost floor of No. 1 Belchers Street, when the fire spread from adjoining pre-

PIRACY RUMOUR

DENIED

“All Well” With...

Leesang

Rumours were current in the Colony this moming to the effect that the Indo--- China Steam Navigation Leesang, Company's.5.

which runs between Shang- hal and Tientsin, had been pirated.

Cabled enquiries sent by Messrs. Jardine, Matheson and Company to Shanghai, however, have resulted in a denial of the report, the Shanghai office replying "All well.

misca. The thres jared aro now at the Government Civil Hospital,

the woman Mok Tai and the boy Tam Nga being in a critical state,

JUMPED IN PANIC

25, 1935.

HINT OF SHANGHAI SCANDAL

I.R.C. OFFICIALS SUSPENDED

WELL-KNOWN SPORTSMEN

(Specia! to "Telegraph"}

f Tulenraph. Copyright. Telegraphic Mus sages Ordinance, 1916. Received, February 25, 1.30 man

Shanghai, Feb. 25, The sensational announcement that the International Recreation Club had suspended from official most positions three of the prominent sporting figures in Shanghai, Was

this made morning.

The Club has notified all its members that Mr. Y. S. Day, the Secretary, Mr. F. O. Madar, Assistant Secretary, and Mr. A. II. Leslie, Accountant, all had been "suspended from

official capacity in connection with this club."

any

An-

It was simultaneously nounced that Messrs. Thomson and Company, Chartered Accountants, had been appointed secretaries until further notice.

Mr. Day, the former Secretary, is one of the most outstanding of Mr. Shanghai's racing mon. Leslie, the suspended accountant, has been the couch of numerous Chinese football teams which have been

for groomed

interport matches. Mr. Madar, too, is a leader in the sporting community. All three are well-known in Hongkong,-United Press,

FOEIGN SWEEPS BANNED

SWEEPING ̄U.S. ORDER

(Special to "Telegraph")

(By Tegraph. Copyright. Teleprasklo se sagre Ontiannos, 1894. Received, February 14, 12.10 p.9.

The

groups

SINGLE COPE 18 CENTE

13600 PER ABOVEM

DUNLOP Fort

TYRE

A feature of distinction and a factor of safety

CONSERVATIVES TO RALLY

YOUTHFUL LEADER'S HIGH HOPES

RANDOLPH CHURCHILL TO FORM UNION

London, Feb. 24.

Mr. Randolph Churchill, despite his defeat in the Wavertree by-election where he fought as in Indepen- dent Conservative, announced to-day that he had decid- ed to form a Conservative Union immediately after the by-election at Norwood.

The object would be to revive Conservative princi- ples within the party.

He asserted that he is assured of powerful financial backing and hopes by means of the Union to make the Conservative Party so strong "that even Mr. Baldwin may recover his faith in its ability to defeat the Socialists without the aid of refugees from other parties."

BURMA'S PRESIDENT REMOVED.

SIR OSCAR DE

GLANVILLE

EUROPEANS

INCENSED

Rangoon, Feb. 26.

The

son of Mr. Winston Churchill, himself opposed to the continuation of the National form of Government, may or may not have the active, support of his father. But he is determined upon this enterprise.Reuter,

Mr. Randolph Churchill's pro- posed campaign to revive party politics so far as the Conserva- tives are

concerned is not alto- gether surprising. There have for some time past been indications that the recalcitrant Conservatives. think it unwise for the Party to continue to link itself with the National Government. The view. hold, in. these quarters is that the Conservatives would stand a much better chance In the coming General Election if they fought as a distinctive unit.

MAY SPLIT VOTE

The Governor of Burma has concurred with the motion of

On the other hand, if Mr. Bald- the Legislative Council for the win adheres to his view that the. removal of Sir Oscar De Glanville National Government should con from his office as President of tinue in existence, and National the Council.

Conservatives are opposed by out- The Governor adda that this does and-out Conservatives in the coming

not mean he approves of the Coun-eletree by-election, may be to

the result, ns in the cil's action.

The motion that the President be split the Conservative vote. removed was carried by a vote of At the Wavertree by-election,

Mr. 56 to 38 on February 22.

Randolph Churchill polled Washington, Feb. 24. Postmaster-General, Mr. The Leasona given at the time 3,196 fewer votes than the National Conservative candidate and was Farley, has issued a sweeping were Six Oscar's supposed in-third in the poll, out of four ordor affecting 154 individuals and adequate knowledge of the Burmese candidates. The result of the in six foreign countries, language and his action in calling split Conservative vote was to give and designed to halt the sale of upon the police to preserve order the Labourites a victory. foreign sweepstake tickets in the in the last session of the Council. United States.

The representatives in the Coun Henceforth, the postal author-cil. of European and Indian com- are inconsed at the ities will refuse to deliver mail or munitica accept money orders for such Burmese attitude, and pay a warm groups, including the Irish Hospi- tribute to the President. tals Sweepstake, the Canadian War Veterans and the Cuban Lottery United Presn.

Motor Party's Tragic End

FORMER U.S. CONSUL

-IN H.K. KILLED

Madras, Feb. 25. Mr. LeRoy Webber, the Ameri can Consul at Madars, Mr. A. W. Estoy, of the Standard Oil Com- pany, and Mrs. Estey, and thoir. Musilm chauffeur, were killed in a motor accident last night near Guduvancherry, 24 miles from this city...!

Mr. Webber was formerly with the American diplomatic service in Hongkong, having served as Consul there in 1923-24. He was posted in Amoy, Chefoo and Shanghai in turn, finally returning

The Burmese stand was coupled with the threat to throw out the budget unless the Governor con- sented to remove the President of the Council

Sir Oscar is a barrister; Govern- Ing Director of the Rangoon Daily. News, and a member of the Burma Legislature since 1028. He was mada President in 1932. He was knighted in 1981-Reuter.

Switzerland's Preparedness

LONGER TRAINING

FOR HER ARMY

Zurich, Feb. 24.

A nation-wide, referendum

REBEL IN NAZI SERVICE

FLEES FROM: VIENNA

WANTED IN BERLIN

(Special to "Telegraph"}

[Dy Telegraph, Copyright, Telegraphis Bésa- ses Ordinance, 1881. Rostood. February

23, 11 son)

Berlin, Feb. 24. Herr Werner von Tschirschy, secretary of the Berlin Legation in Vienna, has declined to comply with the request of the Government that he should re-

WROTE. ENDORSEMENT

to-turn to Berlin to explain some Paymaster Cmdr. Hughes ne

day approved by a vote of 486,400 of his utterances in Austria. then to 421,700 the Bill for the reorgan-

He has resigned his post and and Shanghai Bank requesting ro

isation of the army, providing transferred his residence to Italy. payment of 220 drawn

This is the first instance of its the

mainly for the prolongation of to Chefco in 1932. He had bees

Involving a member of the kind National Provincial Bank in favour Seized by panic, they all jumped

service of recruits. in Madras only a short time.

diplomatic service appointed by the and cashed by the bank. when there was still time to have

The Bill was passed by Parila-Naz! authorities Born in 1891, Mr. Wobbor was Subsequent. Investigations showed followed other Inmates down the

August 24, 1934, but the a native of Utah and had spent his ment

Von Tachirschy, who was 'ad") that

the cheque to as yet intact staircase, and one of accused had eent

life with the American diplomatic Socialists and Communists de- jutant to the former Chancellor New York State was the first|

tho bank and when they had re- the most, poignant sights witness-

servico-Reuter. a woman

manded a referendum.. community to take advantage of

Capt. von Papen, at the time of the turned it requiring the endorsed by spectators was

her four- A verdict of accidental death Although Switzerland does not Nazi purgo, last June, oscaped wi the gold decisions when it adver

Gunner R. Dodd, of Mount ment of his Paymaster Commander, crashing down with

was returned at an inquest later. I poss0SB a standing army, boys temporary imprisonment at # COD tised for bids on its $42,025,000 Davies. Barracks, was injured ho had written the endorsement month-old baby in her arms. The Unemployment Rellof and State when, whilst riding a bicycle, he himself and drawn, the money. child was killed on the spot, whilat It appears the party was going to reaching their majority have bean centration camp at that timo, EC Improvement bond issue.—United ran

a plenic when the car akidded and called to the colours for two or later accompanied Capt. you Papert The cheque form used was found the mother was critically injured, into a wall on the Island Press.

hit a tree. The three Europeans three months training. Their to Vienna, from where his remarket Road, near Kai Lung Wan; yes to have been taken from a cheque her skull being. fractured, terday.

book belonging to another midship- The fire occurred within sight wore thrown out of the car and training has now been axtonded to with respect to the Nast purge,

of the local fire station, and fire. The engagemont in announced bo- He suffered serious cuts to the man..

were picked up dead. Mr. at 102 days from 02 for: cavalrymon other matters, roached the ear for In the mitigation plea made, by mon at an early stage were able and Mrs. Estey, both under 25 88 from T for artillerymen, and the authoritie in Berlin andkre and sulted in the request that he renka tween Mr. J. R. Canning, of Moutrie thigh and was later admitted to

years of age, had only just been 88 from 67 for infantrymen & Co. Ltd., and Miss 2. Gintort, of the Military Hospital at Bowen Prisoner's Friends it was stated to assist, with ladder escapes,

to the capital-Reuter 'Spaolah (Continued on Page, 7.) married-Reuter. 7, Uliddle Road, Kowloon,"

(Continued on Page 5) Road

CYCLE MISHAP

GUNNER RADLY INJURED

anginoornUnited Pris,