1935-03-06 — Page 13

SANITARY FITTINGS,

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BY EXPERT ENGINEERS.

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The

FINAL EDITION

Hongkong Telegraph.

FOUNDED 1881

Na, 1141

NATIONS AGREE TO AID CHINA

三拜禮 骏六月三英港香

ASK FOR PRACTICAL PROPOSALS

READY TO ACT TO SAVE

WORLD TRADE

OFFICIAL'S

SHOCKING

SUICIDE

WARNED WOMAN OF INTENTION

CORONER'S COMMENT

(Special to "Telegraph”)

Telegraphía Telegraph, Copyright. Mesongen Ordinance, 1381. Received, March 2. 140 am.

London, March 6,

Mr. Desmond Charles Joseph

in the Colonial Office, was des- cribed as an "exhibitionist" by the Westminster Coroner in re-

WEDNESDAY, MARCH 6, 1935.

Great Britain, the United States and Japan have all expressed their readiness to consider any practical McSweeney, an acting principal proposals for the safeguarding of China's currency in the interests of international trade, says the Times to-day, according to a Renter despatch from London.

Meanwhile, in Tokyo, a spokesman of the Foreign Office denies that he knows anything of reported negotiations for an international loan to China.

The Times goes on to say that the proposal for assistance to China had its origin in Shanghai, and was first made to Britain. Great Britain had considered it advisable to approach the United States and Japan with a view to arranging international action.

Tokyo, March 6.

A Foreign Offfee spokesman, re- plying to questions from foreign correspondents to-dny, declared that he knew nothing of the re- an inter- ported negotiations for national loan to China.

The Foreign Office, he said refus ed to comment upon press reports in Britain and America, discussing the economic situation in China bayond pointing out that such discussions were quite natural.

Japan had been informed in those matters but did not favouri International action which might lend to the 'eventual international) control of China, the spokesman said.--Reuter.

CHINA THE ORIGIN

London, March 6.

FAR EAST DEFENCE PARLEY

EXPERTS MEET IN

SINGAPORE

COMING TO

HONGKONG

Important conferences, last- The Times states today that it ing three weeks, arò at present understands the recent viall of the taking place in Singapore on British Ambassador to the State

Washington, and Royal Air Force policy in the Department at his discussions with the Under-Far East. Secretary of State and the bend of the Far Eastern section, as for as they referred to the financial dif- culties of China, urose from a

Two Air Ministry" directora are already in Singapore, and these, with a third expected shortly, are

turning a verdict of "suicide while of unsound mind” to-day.

An "exhibitionist" is defined as a a man who wants to attract atten- tion and get sympathy for hiinaelf.

McSweeney, who was thirty-one, took twenty-four dial tablets in a West End Club while a lady friend was waiting for him in a tax! out- side. When he rejoined her he told her what he had done.

They drove to Harley Street and then to a hospital, but the man died from the influence of an overdose of the drug.

This woman gave evidence that she had previously gone to Paris, accompanied by another friend of McSweeney, on the strength of a telephone conversation with Mc- Sweeney, who called her in London. She had been greatly alarmed by what he said, as he gave the im- pression that he was going to kill himself,

She, and her friends, brought him back to London Sunday. He took his life on Monday.

Senior Huey Long, who is being bitterly criticised for his alleged at

tempts to discredit and humiliats

Praildent Roosevelt...

Long Starts Uproar In

日二月二:

DUNLOP

provides the greatest possible

TYRE

INGLE COPORTE ECONOMY

18 URNTS 'SEL.00 ANNUM,

AMERICAN NO DEVALUATION

SILVER POLICY

WATCHING EFFECT ON FAR EAST

ROOSEVELT SATISFIED

(Special to "Telegraph")

Washington, March 5. Authoritative observers to-day. discredited the possibility of the new silver legislation, at pre- sent before Congress, being con- ceded. However, they express the opinion that it would be a. close thing if the silver bill reached a vote in the Senate.

The opinion prevails that Presi dent Roosevelt is satisfied with his present silver authority.

Diplomatic cireica think, however, that any international financial alt for China would require some understanding as to how far and United States how rapidly the would, press it's silver purchasing

programme.

L

Representative Andrew Somers. Democrat, of New York, to-day told the United Press that there was little to be done for silver until the gold situation was clarified,

U.S. Senate ilver purchases

ANSWERS CRITICS WITH THREATS

"EGOTISM AND IGNORANCE"

BRILLIANT CAREER The Assistant Under-Secretary of State fur the Colonial Oce told the coroner that McSweeney had had a particularly brilliant career. serving in Uganda for two years, then as private accre- try to Sir Samuel Wilson, per- manent Under-Secretary for the Colonies, and in various depart- |* 770 m) ments of the Cotonin and Dominions Offices.

Evidence showed that Mrs. Me- Sweeney had divorced the de censed and that MeSweeney had

(Special to "Telegraph")

El Telsprach. Copyright. Telspraphis Hasanpea Ordinance, 1886. Received,” March

011

He said that he believed that sufficient time had not elapsed to properly judge the effects of the China and Indio.

Further, Mr. Somers said that he counselled a cautious procedura as it was useless to jump silver prices to $1.29 before it could be seen whether sixty cont allver would affect commodity prices in n more favourable manner than the forty cent silver."-United Press,

FOR FRANCE

REMAINING ON GOLD STANDARD

1

STABILISATION PLANS REFUSED IN LONDON

(SPECIAL TO “TELEGRAPH")

Paris, Mar. 6. The French Chamber of Deputies to-day passed a vote of confidence in the Flandin policy by a vote of 333 to 154.

M. Flandin, the French Premier, emphatically declared that France does not intend to devalue the frane or to change the monetary policy, and that no such changes had ever bera contemplated.

The Premier said: "The recent movements of foreign currency attracted the attention of the Gov- ernment, and certain persons thought that we would renounce our policy of atability in defence of the franc.

"I declare that in no way dia wish for or consider this monetary movement, except to make quite clear that stability of currency is requisito for any economic recovery in the world." REMAINING ON GOLD

PIRATE CHASER

TESTED

FAST ARMOURED. LAUNCHES BUILT

We

The French Minister of Finance, M. Gormain Martin granted an ex- United clusive interview to the Press to-day, saying:

"France will remain on the gold standard. The report that the Government is studying a plan of devaluation is absolutely falso. These manoeuvres are aimed at causing dificulty with the frane." It has also been learned that the French Premier, M. Flandin, some time ago. prepared proposals for of the franc, the stabilisation dollar and sterling.

BRITISH CRAFT POLICY UNALTERED

FOR CHINA Washington, Mürch 5. A spokesman of the United

London, March 5. States Treasury to-day said that The final trials of several

It was reported that those pro- the United States silver policy high-powered, heavily-armoured would be unchanged.

British-built speedboats, for use posals were submitted to Britain during 3. Flandin's recent visit Secretary of State, Mr. Cordellin pirate and smuggler suppresto London, but Britain declared Hull anid that he had not discuss-1sion along the coasts and rivers that they were unacceptable at

Washington, March 5.-ed with anyone recently the ques

tion of the modification of the of China, were completed-at

Southampton to-day. There was an unprecedented silver policy on behalf of China.

It is noteworthy that imports of exhibition in the Senate to-day Louisiana replied to the charges made by General Hugh Johnson in a recent broadcast speech, in which Senator Long and Father Coughlin, jointly, were de

two weeks.

The first of these craft, the Kuan week-end, and is consigned to the Chinese Maritime Customs authori- ties.

I

taking part in the conferences suggestion made on behalf of the together with Air Commodore S been uncertain as to the attitude when Senator Huey. Long of silver into the United States had Wei, will be shipped during the Chinese Government.

Commanding

of the woman with whom he was The proposal for the extrication W. Smith, Omeer of China from these difficulties R.A.F. Far East, and other senior

in love. He had pretended to suicide previously in was mouted in Shanghai, apparent officers. Additions to equipment commit

attract attention from ly involved the flotation of a loan and personnel and expansion of order to in England, and was considered by the R.A.F.'n sphero of influence this particular woman.

It was also disclosed that hienounced. the Foreign Office, but was not ac will be discussed, it is understood. cepted, on the ground that it did! Air Commodore W. L. Welsh, mother had taken her own life- not seem likely that it would effect pro, Anc., Air Commodore Ted Reuter Special. its object.

der and Col. J. F. Turner, D.8.0.,

But the British Government had Directors, respectively, of Organi- drawn the attention the sation, Training and Works and

Of

American and Japanese: Govern- Buildings

are

the three Air

ments to the difficulties of China, Ministry oflicinis concerned. though it may be presumed they did not lay grent stress upon the all-

AMERICA

General Johnson, declared Sena- tor Long, was a "hired hand" of Mr. Berriard Baruch,,wealthy and Influential figure in politics and Industry. But Senator Long does not look with favour upon Mr.

Senate, was the man "who led Wilson, Hoover and Roosevelt to hell."

Col. Turner, arrived in Malays CONFIDENT Baruch, Mr. Buruch, he told the

ver question in Washington, the some weeks ago and Air Commo- dore Welsh by Imperial Airways Timeo

goes on.

All three Governments, Jajan later. Air Commodore Tedder is and America, as well as Britain, expected shortly, probably with have now expressed their readiness the Singapore III flying boats to consider any practical proposals being flown from England to re- for the safeguarding of China's equip No. 205 Squadron at Signa- currency in the interests of inter-pore, national trade.—Router.

NO PROGRESS

Their visit and the work they Jaro undertaking is natural sequel to rapid expansion of Washington, March 5. British aviation interests, com- Mr. Cordell Hull, Secretary of mercial as well na military, in the State, Interviewed to-day on his Far East and follows many indi- return from a holiday in Florida, cations of future expansion in declared there had been no tangible both spheres, developments in the question of possible nysistance by the Powers to China, a matter which had been vice development is that the Home

raised by Britain.-Reuter,

PACT IS VITAL

All that is known of future Sor-

Government's recently announced plans. for R.A.F. expansion at home and abroad are likely to

affeet Singapore. Peiping, Mar. 6.

OF POWER

NO WORRY OVER EXCHANGE

PLENTY OF GOLD HELD

(Special to "Telegraph”)

Senator J. W. Bailey, of North Carolina, leaped to his feet to imply, in forceful language, that Senator Long was a liar.

declined sharply during the past This fact is taken as indicating that the Treasury is making only sufficient purchases to keep the Sliver Bloc from rebelling daring the discussion of a loan to China, -United Press.

H.K. DOLLAR'S DECLINE

VERY ERRATIC MOVEMENT

most erratic this mornink, with The Hongkong dollar has been

rates further declining.

The vessels draw only two foot of water, are forty-five feet long and are equipped with wireless and machine-guna.

A number of water-tight bulk heads make them practically unsinkable. Their spoed is being kept close secret but it is known that they are capable of well over thirty knots.-Reuter,

present:-United Press.

POUND MAY FALL' (Special to "Telegraph”)

New York, March 5. Experts here express the opinion that the foreign exchange un- settlement will continue.

Firstly they any they expect a further decline in the pound in terms of the dollars and the frane.

loval? Some anticipate that a

of $4.50 will be roached, while others forecast $4.00.

Secondly, they Bay that they expect eventual French devalua- tion.

Thirdy, they expect a rise in the United States gold price to $41.84.

Death Rumour Fourthly, the entire Gold Bloc

Denied

may leave the gold standard.

This is thought by some to be The means of paying the way for a general currency stabilisation

on a gold basis, at new.rating

It is believed that short.

MISSIONARIES SAFE is influencing the decline in the

AND WELL

Senator. Robinson, Democratic The official rate, on opening was leader of the Senate, veteran 18. 11.5/8d., an advance of 1/8th politican, and stout supporter of on yesterday's closing rate, but the Administration, outspokenly half an hour Inter there was

Hankow, Mar. G. replied to Senator Long,

drop to 1s..11.3/8d., followed sub-

Reports from Hunan to the effect Requently by a further decline to

that the China Inland Mission "This demonstration of egotism, s. 11.1/8d. Business was nominal workers, the Rev. Mr. Bosshardt arroganco and ignorance, and the

at the start at 18. 11.7/8d. and 18. and the fter. Mr. Hayman, cap- generally disgraceful performance 11.15/16d., but later the rates de tured by Communists in Kwelchow of the Senator from Louisiana, clined to varying figures down to In October of Inst had been Washington, March 5. consistently disgust the Senate

as low as 19. 11%. The tone of murdered, are now denied. ho Government officials here do when In attacking hig the market is enny.

A telegram has been received not appear to be worried by the superiors," said Senator Robinson.

In Shanghal, where there has here stating that both are allve gyrations in foreign exchange.

"His words resemble the ravings, been much speculative covering, and well. They express confidence in being of a madman," he added.

the rate opened at is. 7.11/160. 18. able to cope with. any situation threatening

or American trade

Senator Long, replying, reveal-and then steadily dropped to finance.

ed an alleged private conversation 7.1/6d. The market is weak.

Gold bars in Shanghai opened in which he, Senator Robinson Competent observers point out that the enormous gold reserves in and Mr. Harvey Couch, utilities this morning at 854 and

and former R.F.C. jumped to 878.. the United States would be able to executive, overwhelm any speculators gam- director, concluded that Presidont decline of the dollar. Roosevelt was playing men in

the Sonato gallery. Nevertheless, questa for £20,000,000 credit, but and Mr. C. O. Woods, superintend

Is Whether it materialises or not, it hey gurn to Singapore on Mar. mined to continue to his throated to defent bath Senator

apparently deter other ing engineer, R.A.F. Far East. United States

the Sergeant-at-arms searchod keep the

Senator Long, in conclusion, Robert Brotjers, a henchman of should not be interpreted as дл 16.

dollar pegged to $35 gold.

the Senator, for Weapons. He effort to balk a Sino-Japanese

found none. It is not expected Air Commo- attributed to the Serretary of the Bailey, and Senator Robinson in rapprochement, which is actually

Senator Robinson, Democratic fender, then shouted:

In an exclusive Interview here

VISIT TO HONGKONG Lo-day Sir Alexander Cadogan,

One of the most Interesting K.C.M.G., C.B., the British Minister to Chinu,

parts of the programme ahead is told the United Press: "We aro

a visit to Hongkong, Air discuss-

Com- ing with China the possible fin-modore Welsh and Col. Turner anclas aid by various Powers, in left for Hongkong on Saturday

later

response to China's repeated re-flaat with Air Commodore Smith bling on the ointed out that the official positions against one an- he maintained an armed guard in

It is also

1

most essential to the granting of dore Tedder will have time to gorca / Ratement that the in- the next elections.—United Press.

a loan and also to Far Eastern to Hongkong. The peace and progress.

Director of

gold bullion standerd is still effective. Training leaves for London on Presumably another tumble in

the dollar, with It is unnecessary, as well Mar. 17. Air Commodore Welsh

a corresponding an improper to include stipulations leaves on Mar. 24."

riso in the price of gold would which would insure that British Col. Turner will not depart for cause shipments of gold to Europe, or other interests wors protected some time. He may make a tour which procedure the Treasury is for the future, as the respective of the British North Borneo coast willing to permit, as they did in Governments would doubless bring line and he also hopes to survey September. Last year, when the In appropriate measures to protect the air route between Singapore decline in the dollar was quickly

(Continued on Page 41) and Culentba-Inens flying boat. halted-United Press.

REBUKES "DICTATOR"

It beltered possible that if anyone has been murdered it may be one, or both, of the French Catholic priests captured recently in Kwangsi-Reuter.

N.R.A... HEAD RESI.

pound, and it is reported that France is powerless to check it due to the fact that the gold and eredits for stabilisation franc purposes have been consumed.

BRITISH

TRADE POSITION

PESSIMISM IN NO WAY JUSTIFIED

London, March 5, Commenting on the industrial altuation. Lloyds Bank, in its monthly review for March says:

Rocent indications show that inst ternal trade is on the whole woll maintained and that the recent sporadic feeling of pessimism is la no way justified.

"It is true that the combination of cheap money and restricted op LABOUR PERSISTS portunities for trade, especially in

IN CRITICISM

the International field, have divert- ed a certain quantity of capital inte "Month after month Long has

Washington, March 5. speculative activities of unsound Washington, Mar. 5.

Mr. Clay-Williams, who has character, but the amount tar disgusted the Sonato by his ro There was an uproar in the peated efforts to discredit and frequently been attacked by La-is very small and rec Sonate laat night when a disputa humiliate the President. Now it is bour since he became chairman of any purely, surface

The fundamente en verarmel Val arose over the attitude of Senator time the manhood of the Senate the Board controlling the func Huey "Kingillah" Long, "Dictator" asserted itself. We must make tions of the N.R.A., has announced of thecount of Louisiana, to the President.

Long take his place in this body, that he has arranged with Pre-It- Senator Long strongly denied the composed, for the most part, ofdent Roosevelt that he shall retire to maziw

within a fortnigin Rostov PEAR FRO allogation of another Senator that gentlemen."--Reuter.