1935-04-25 — Page 1

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The

FIRST EDITION

Hongkong Telegraph

FOUND) - 1881

No. 14572

ABXWF THURSDAY, APRIL 25,

1935.

日三廿月三

SILVER PRICE RISES AGAIN

TRADERS PREDICT FURTHER JUMP

DOLLAR AN OUNCE IN NEXT FEW MONTHS?

(By Telepreph. Copyright, Telegraphic Messages Ordinance, 1894. Recrived, April 25, 9.40 a.m.)

Washington, April 24. The United States Treasury Department announces that it has increased the price for newly-mined native silver to 77.57 cents per ounce.

It was only a few days ago that the Treasury. figure was raised to 71 cents, following the rapid rise of the metal's price in the world markets. The United

Telephoto picture of the historic meeting in Barlin recently of Herr Hitler. Sir John. Simon and Mr.

States, following its policy of paying a premium to Tribute To native miners, thus boosting the world price, remains

a step ahead of the London market.

The advance in silver prices followed a prediction by New York traders that the Treasury would be pay- ing $1 an ounice for silver before the summer, One re- port states that the Treasury would no longer pay a premium, but would buy at the world price. This seems to be contradicted-United Press,

The Hongkong dollar regis tered n further advance of three-farthings this morning, the oficial rate on opening being 28. 314d.

The market was very firm un opening, the business rate being 2s. 34. sellers and 28. 4. buyers.

LONDON REVIEW

London, April 24, Mesara. Samuel Montagu and Company report:

Silver prices during the past week were the highest since October, 1925. The

Indian

Bazaars,-China, local-and-Ameri can speculators bought and firm- ness was enhanced by the scarcity

SILVER TRADING CHANGES

WEEKLY SETTLEMENT IN LONDON.

THREE-MONTH TRIAL

London, April 21. It Is, officially announced that all

of offeringa, which mostly con-enlings in silver on the London Alsted of re-sales.

period.

Germany's

Coloniser

BISMARCK'S NAME HONOURED

VETERANS PARADE

(Special to "Telegraph")

[10 Telegraph, Copyright.

21, 0.30 0.1.}

Mengra Ordinaner, 11. Beceived, Ape

Telegraphite

Berlin, April 24. The fifty-first anniversary of the foundation of Germany's pre-War! colonial possessions was cele bratod to-day.

The Reich Colonists' League and the Colonial Veterans League, their members Wearing their old uniforms, placed wreaths memory of "the founder of the German Colonial Empire" at the foot of Bismarck's memorial.

Anthony Eden,

CHIANG TIGHTENS

CORDON

ཡི

ENVELOPING RED

FORCES

.FURIOUS

FIGHTING

Hankow, April 25.

Governor

Presents

Decorations

AWARD TO

HONGKONG POLICE

OFFICERS

FAITHFUL SERVICE

SINGLE COFT 19 CENTS $36.00 PER ANNUR

TROPICAL HELMETS

SPECIAL

REINFORCED ALUMINIUM,

LININGS

TEMPERATURE FROM HELMET.

"TO HEAD WEAR

EXCESSIVE TROPICAL HEAT CUT DOWN BY 70 PER CENT. SEE PAGE 5 IN THIS ISSUE

WHITEAWAY'S

LINDBERGH

MAY

FLY PACIFIC

LIKELY TO PILOT

CLIPPER PLANE

TRANS-OCEAN VOYAGES THIS SUMMER

(By Telegraph. Copyright, Telegraphic Messages Ordinance, 1894. Received, April 26, 10 am)

Alameda, April 24.

It is understood that Colonel Charles Lindbergh, who won fame by his solo flight across the Atlantic, and now one of the executives of the Pan-American Airways Corporation, will probably command the first of the great four-engined "Clipper" ships to fly from California to China,

The inauguration of this service, from Alameda to the China coast, is expected late in the summer of this year.

It is further announced that the Oriental Clipper, · which recently completed its first flight to Hawaii and return, will probably make another exploratory flight, this time to Midway Island, within ten days' time.

ATLANTIC SHIPPING LOSSES

His Excellency the Governor CUNARD CHAIRMAN

the

connection

General Ho Chèp-chun, Pacifen- turned here to-day by air from following awards in tion Commissioner of Hupeh, re- Sir William Peel, has made Chungking after participating in with the Hongkong Pollee Force: the anti-Red operations in Kwei-

Inspector M. H. Hourihan and Inspector Stewart Logan-1th chow and Szechues.

Class medal for long and faithful service.

The Communists are fleeing to

[By

EXPLAINS

EXCEPTIONAL YEAR

It is not stated whether or not Colonel Lindbergh will take the ship on this trip.

Oficials of the Pan-American Airways have announced that they are completely satisfied with the performance of the machine which last week flow from California to Honolulu and returned to Alameda. yesterday. The return journey, easily in spite of strong head winds, was accomplished under. 24

hours.

It is likely that the completion of work at Midway and Wake Jalands, the erection of radio direction-finding stations to nasist the aircraft on their Pacific flights, will be announced within a few days' time. Until then, apparently, the Pan-American Airways la marking time. As soon as the Kround work is completed, the Oriental Clipper, or another of the same type of flying boats, will set off for Midway Island.

He informed newspapermen that Chengtu, long threatened by Inspector M. Murphy.—4th Class desperate army of Red soldier, medal for excellent work in the was out of danger entirely. In Criminal Investigation Depart- addition to troops under Generalment.since his appointment to the

(Special to "Telegraph") Yang Sen, two further brigades of department in February, 1923.

Telegraph. Copyright. Telegraphie In Government infantry had been

despatched to Chengtu.

Inspector Sorain Singh-thesupes Ordinance, 1818. Rengized, Aprü

H.m.) Class medal for long and faithful servico; also Police Sergeant C35

Loudon, Apr. 24. Là Chưa the north-west and General Chiang,

Referring to the new Cunard-

Tests along the further route Principal Chinese Detective Shek It was on April 24, 1881, that Kai-shek is still at Kwelyang Tui.-2nd

of the for White Star Company, Sir Percy service are to be carried out im Class trial Bismarck placed the land owned pulling the finishing touches to meritorious work

proposed trans-Pacific medal

Frincipal Bates, chairman, addressing the raediately, the operating company by the Bremen trader, Herr the anti-Red campaign in that Chinese Detective in

ля Eluard Luedwritz, in South-west area.

Kowloon annual meeting of the Cunard has announced, and preparations Class I Coxswain WD Chan Company, Bald the amalgamated for the reception of the air liners. Sang-4th Class medal for long organisation had bech unable to at the Far Eastern end of the and faithful service in the Force. complete its accounts. But he voyage will be rushed to comple-

could say that it had lost a great lon-United Press. deat of money, he explained,

since 1932.

declared that

soon as

tho

new

Metal Exchange, between members, The rise in prices attracted some will be subject to weekly settle- profit-taking but the undertone remains firm.

ments for

Sh three-month Messrs. Pixley & Co, state that the world price for silver is now A Committee of the Exchange about one cent above the Americans been organised to facilitate Africa, under the protection of the internal price of 71 cents and these special asttioments.

General Ho Reich. apeculatore aro continuing to bay The weekly settlement price

To-night, the former German General Chinng was going on to in expectation of an official an-will be Axed on Wednesdays at the colonists of South-west Africa wilt Szechuen, as nouncement of further increases close of the first session, payments anniversary of the appointment of Chung-hein

meet to celebrate the fiftieth provincial Government under Wu in price. If this occurs, it may being made the following Friday. Dr. Heinrich Coering as "the Im-nugurated.-Router.

WAR formally In- lead to further speculative pur-Special settlements will chanon here, but, in the absence of fealed on Saturdays,

perial German Reich's Com-

LONG STRUGGLE any such announcement in the

missioner for the South-west Members are required to make African Protectorate." near future, to-day's levels look similar conditions with their

Kwelyang, April 25. dangerously high, due to the large clients.

The African colony was lost) bull position now open and to the

Furlous fighting is proceeding during the war and has been under between -Reds and Government The first weekly settlement price British mandate since.

not

be

It was

COMMANDATIONS

commenda-

However, last year's loss was exceptional, he went on, as for eight months the two parent com- patios were operating indepen- dently.

not

Hie Excellancy's tions are as follows:

Sub-Inspector A. Wright for good work as Sub-Inspector in charge of Water Police Station.

Sub-Inspector R. J. Hunt for good work as officer-in-charge of

The new company could programme has not been function-settlements and clearing will be stitution would be materially border, where Government troops,

tor and Barrack Sergeant.

to the Atlantic, and he doubted ing in London lately.-Reuter. carried out in identically the same

Sub-Inspector J. O'Donovan for whether this prosperity would changed, but whether that would assisted by aircraft, set upon PITTMAN FORECAST

manner as copper and tin, that is, imply a closer union

of concentration of Communiste the good work as officer-in-charge ever be achieved until some ac- "prompts falling due on Saturday British African possessions was day before yesterday, and have Murders and Crime Records, knowledged medium of inter- will be settled and cleured the day not indicated-Reuter Special.

Acting Sub-Inspector W. been engaged over since.

Nnational exchange was obtained.- previous, and "prompta" falling due Sunday on the following Mon-

charge of Taun Wan and later, as Darkin for good work as officer-in-Renter Special, day.

officer-in-charge of Cheung Chau.

fact that the American buying will be fixed on May 8. Dally recently announced that the con-units on the Kweichow-Yunaan the Emergency Unit, Drill Instruv- į Prosper unill prosperity returned

Washington, Apr. 24. Members of the United States Treasury to-day said that the Government would pay the world price, for all silver mined in the United States after Apri! 10.

Members must arrange with their clients in order that the Exchange Also they indicated that no fur-may be protected for weekly settle- ther arbitrary advance would be ments, either by the same arrange- made in the Governmeni's newly ment with their clients or by main- mined allver price, and therefore tenance of a ten per cent, minimum the Treasury would buy silver in deposit.-Reuter. the New York market at the world

price.-United Press.

PRICE PREDICTIONS,

New York, April 24. Several members of the New York Stock Exchange to-day prodleted that tho silver price would reach $1.00 before the summer of this

year.

This prediction was mado pro vious to the Treasury's announce ment that henceforth they intended

MAURETANIA SALE

EQUIPMENT TO BE AUCTIONED

to pay the world price instead of The equipment of the Cunard arbitrarily advancing the price fur- White

ther.

cents per ounce.

Star ner which is to be broken up after

with the

SINO-SOVIET PACT?

NON-AGGRESSION AGREEMENT

Shanghai, April 25.

It la learned in diplomatie circles that negotiations for the conclusion of a Sino-Soviet Non-1 Aggression Pact will be Im mediately started on the return of M. Bogomoloff, Soviet Ambassador to China, to his duties in the Chinese

capital, le has arranged to proceed to Nanking shortly.

principle of reciprocity equality-Central News,

R.A.F. FLIGHT

and

The Communists are attempting to break through the Government cordon which is steadily drawing lighter about their position.

A large party, which included a number of Red leaders, was pursued by aircraft into the moun- tains and, in a narrow defile, was annihilated.-Reuter.

TURMOIL IN GRAIN PIT

LARGE TRADER SUSPENDED

Chicago, April 24.

+

turmoil occaaloned by the suspen- sion of the Rosenbaum Grain Cor- poration.

DEVELOPING RESOURCES

SINKIANG OIL TO BE PRODUCED

Nanking, Apr. 25.

NICKEL FOR COPPER

ROYAL JUBILEE PLANS

DETAILS. OF THE PROCESSIONS

London, Apl. 24. The Court will return Trom Windsor Castle to Buckingham Palace on May 3, in preparation for the Jubilee celebrations, which begin on May 6,

Before returning to London, the. King will visit Newmarket for the Guineas Race Meeting, travel- ling by car on Tuesday morning and returning to Windsor on Fri- day.

If the weather is favourable on Saturday week the King will attend the Association Football Cup final at Wembley.

SUBSIDIARY COINS TO BE REPLACED

Shanghai, April 25.

The full programme for pro While considerable disturbances cessions to St. Paul's Cathedral are being caused by the further for the Thanksgiving Service on In view of the settlement of the rise in the silver price, the Cut Bay & has not yet been issued, political situation. In Sinklang rency Committee of the Chinese Province, the Chinese Construc- Ministry of Financo has quietly Prime Minister and Dominion tion Committee is proposing the set itself to the work of formulate Premiere will leave St. James development by modern methods ing a scheme for replacing the Palace ahead of the Royal pro- aexisting irregular subsidiary coine cessions. The first of the latter of the oll resources thore, as a

NEW ARCHBISHOP

but it is understood that the

London, Apl. 24,

It is also reported that arrange-

have been made by both hours in the opening of the grain Yelopment of the natural resources by a standardised system of sub 10.42 a.m. with the Duko and Following a delay of several first step toward large sculo de- in circulation in various provinces will leave Buckingham Palace at Mauretania, ments

aldes for the resumption Some traders had predicted an long and successful career negotiations for Sino-Soviet Trade announced that the markets this plan are being worked out by instead of copper.

of markets, the Chicago Board of in tho Provinco. The details of sidiary coins, made of nickel Duchess of York, and their chil dron and the Duke and Duchess possible now price of at least 77.68 the North Atlantic service, a to Commercial Treaty based on the would not open to-day due to the the Committee. Central News.

In introducing this reformatory of Kent, with Indies and gentle- be sold by auction. The situation is regarded as bo-i

scheme, the Chinese Government, men In attendance. The sale of 3,500 lots will ex- ing ideal from a speculative viow-lead over eight days, beginning

howover, will be determined to In the second Royal procession point Inasmuch as silver supplies on May 14, and special arrange-

maintain the silver standard with-will be the Queen of Norway, tho The suspension of the Rosen- Are constantly dwindling, which ments are being made to carry to

out any intention of resorting to Prince Wales, the Duke of Glou- is attributed to holders awaiting Southampton docks those who

baum Corporation from trading

Inflation.

cester, the Princess Royal, the was in connection with the court

London, Apl. 24.

Earl of Harewood and Princess: higher prices.

dispute over their petition to re-||-·Dr. Arthur Hinsley, new Roman, The problem how to withdraw Victoria. The continued strength of Lon- allotted for the advance view, and The Royal Air Force Bight to now bankruptcy laws.amiinister, whose cathronement at in circulation in various provinces six State landaus, in the first of

London, Apl. 24. organise the corporation under the Catholic Archbishop of West the existing irregular copper coins den allver is attributed to further exceptionally heavy demand has the Cape, in which four troop The Rosenbaum Grain Cor Westminster

The Sovereigns procession of heavy buying by China and India beon mando for catalogues which carriers are engaged, loft Cairo poration has obtained

Cathedral takes before this scheme can ho put which the King and Queen will who are replanishing their supplies, admit intending buyere British this morning on the first-etages tion vacating the suspension order. London this morning. British quiring close study by the Com-Palace at 10.54 am- British an injune place on April 29, loft Roma for into force is a difficult one ro-travel, is timed to loave the (Continued on Page 7.

of the Journey-British Wireless.; United; Press.

Wireless,

mittee.Central Newa

Wireless.

will attend. Four days have been

Wireless