1935-05-01 — Page 15

OWING. TO THE HIGH RATE OF THE DOLLAR, THE PRICE OF

CHIP BATH

HEATERS

RECEIVED IN THE LATEST SHIP. MENTS HAS BEEN REVISED TO

$20

INVESTIGATE THIS MARVEL AT— C. E. WARREN & CO., LTD.

CHINA BUILDING.

High Waler:

ongkong Talegraph":

Disering Puss, Ltd.,

Low Water:-14.28,

The

FINAL EDITION

Library, Supreme Cout

Hongkong Telegraph.

SOUNDER 1961

三拜雞 號一月五英港香

WEDNESDAY, MAY 1,

N6, 14577

BRITISH PROTEST TO GERMANY?

SITUATION FURTHER

COMPLICATED

FRANCO-RUSSIA MOVE TOWARDS UNITY

(By Telegraph. Copyright, Telegraphte Mensager Ordinance, 1894. Received, May 1, 12.15 p.m.)

London, April 30. New and significant developments in the European situation are occurring now almost daily, and far from tending to disentangle the complicated political affairs. of the nations are having the effect of muddling them still further.

Newspapers to-day reported that the British Government to-morrow would send a protest to Berlin with respect to Germany's announced intention of building a new fleet of submarines, in contravention of the Versailles Treaty.

Meanwhile, a full British Cabinet meeting decides to-morrow upon the outline of foreign policy, in prepara- tion for the debate on this subject in the House of Com mons on Thursday.

From Berlin it is learned that Germany, as well as u nubrancine Beet, is building small destroyers, and torpedo-boats, and a marine basa on the Island of Sylt in the North Sea,

Мон

11

counter-measure to the German rearmament plan, France is rushing into the treaty with Russia. It is expected, suy Paris! reports, that the draft of thei Russo-French defensive axree- inent will be initialed to-morrow by M. Pierre Laval and M. Potemkine. The French Cabinet was considering the final drift of the document to-day,

SOVIET'S PLAN FOR BRITAIN

CIVIL WAR AND REVOLUTION

DETAILS ON

PAPER..

Riga, Aprit 30.

This treaty, it is stated, will; probably__be_signed_oficially_for! the two Governments concerned when M. Laval goes to Moscow in the first week in May.

A detailed programme for the The treaty provides, it is now conversion of Great Britain into disclosed. that the contracting a Soviet state has been issued parties may refer any dispute or from Moscow as one of the major any attack upon either of them items on the agenda of the forth by another nation to the League coming World Congress of the of Nations; and if the League Communist International organisa- fails to decide- unanimously the tion.

bucks.

The treaty, incidentally, is open. to other nations.-Thited Press,

MAY DAY

PARADES

WATCHED

POLICE PRECAUTIONSTM IN AMERICA

NO VIOLENCE EXPECTED

New York, April 30. ́ Although it is expected that May Day will be generally peace- ful, special police precautions are being taken to supervise acores of gigantic parades and mass meet- ings, arrangerl by Socialists and Communists and others la Mu313* ritis

New York, Chicago, Cleveland and San Franelsen will stage the- biggest rallies.

Chicago fears demonstrations outside the elty's twelve relief stations.-Reuter,

REDS RIOT ·

Sofia, Apr. 80.

The village green at Baina, near

attempted to hold a meeting while pensants were dancing, was the scene of a fero battle between pelice and Communists. The Police Chief wna killed, as were two

Kazanik, on which Communista

15

other policemen, while over villagers were killed or wounded. including women and children. }Renter.

Terrorists Convicted

AIMED AT REVOLT IN INDIA

PLOT AGAINST THE KING

Viscountess Astar, who peşterilny her big drawing room in St. James' Square, London, for an enters tainment in aid of now Club established by the Chiness community in London for the benefit of Chinese children of Limehouse.

British

And Germans

Cousins

CONSUL'S PLEA FOR FRIENDSHIP

HONGKONG RECEPTION.

|

1935.

RECOVERY BEFORE REFORM

HARRIMAN GIVES

ADVICE

N.R.A. STILL OF VALUE

Washington. Apr. 30.

A call to the Administration to postpone retorni measures in the interest ut a speedy recovery was advocated by Mr. A. Harriman, President of the United States Chamber of Commerce. in the key- note address at the opening of the Annual Convention here.

Couched in moderate, but firm language, Mr. Harriman's speech disclosed vital differences from the views of the Administration on several major plans. Mr. Harri- man, who has been regarded as the counsellor of friendly relations with the Administration, mixed praise with criticism.

"The New Deal attempted much that was good, but tried to do too much in too short a time," said Mr. Harriman, and listed four mujor plans for recovery which he vision- ed as likely to wipe out unemploy- ment àmi erente à labour shortage They are as follow:

(1) An

Con- assurance that kross will adjourn some of its men- sures and that thereafter major re- form measures will await a real revival in industry;

(2) International stablisation of currencies at the darkest date poki sible so that foreign trade may. move with less hazard;

(3) A strong assurance that. further dollar devaluation will not by used as a measure to restore prices;

A strong plea for Anglo-German friendship was made by the Consul.. Generni

Herr for Germany,

(-4) Assurances of a definite Gipperich, at a reception given in drastic reduction in Government the German Club this morning in expenditures after spending the celebration of the German National | present emergency appropriations.. Day.

+

"To be able to make peace at Home and peace with the world is the honest desire of our Govern ment and the firm hope of every

COMPLAINTS

In general, however, Mr. Harri-

SINGLE COFC.10 GENES $35.00 PER ANNUM

DUNLOP Fort

TYRE

A feature of distinction and a factor of safety

DUNLOP FORT

TARIFF TREATY ABROGATED?

CANTON REFUSES TO TAKE H.K. CEMENT

GREEN ISLAND COMPANY IN NEED OF SUPPORT

Presiding at the annual meeting of shareholders of the Green Island Cement Co., Ltd., to-day, Mr. J. H. Taggart mentioned that the Company's trade with South China had been brought to a complete standstill, ́ ́owing to the refusal of the Canton authorities to issue the necessary permits for cement shipments. This action, he remarked, appeared to constitute an abrogation of the existing Sino-British tariff treaties,

Mr. Taggart gave details of the reorganisation of the Company, and stated that the old plant at Hok Un is being demolished.

Mr. G. C. Moxon, in the course of a speech, made a strong plea for support of the Company by the Govern- ment, saying that possibly five thousand local Chiners were dependent on continuation of the industry.

SHANGHAI TRADERS NERVOUS

HEAVY SELLERS OF SILVER

PRICES GO HIGHER

Addressing the shareholders, Chairman said:-Brießy, the organised figures of the balance sheet now before you represent the real- | Justment of the previous values to- day, the differences having been | written off, as you are aware, againet | capitul. All stocks of cement at Huk

Un and Macao Works, and on cun-. signment, have been, written down to production cost, while raw materials Bre shown at their replacement. values.

You will noty, on examining the balance sheet, that the Company's General Reserve has been retalhed in the scheme of reorganisation, and now stand at $811,682,32, the incrense therein being partially accounted for saving amounting to $65,005.07, due in favourable exchange, in the Vickers- final puyment to Messrs. Armstrongs, Lil. Further, bad debts. la the extent of $10,500, written off the reorganisation, were Bab. sequently recovered, and this...liem I has been credited to Reserve, as aleg have customers' deposits surrender Shanghai, May 1.

ed $2,200 and profit on the sale of Gold bar quotations are rising | R.DIZ-No.-256 Derp Water Hy but exchange rates are steady and | $1,400, not following gold bars.

„(Spacial_to_"Telegraph“).

I

in

BETTER FINANCES

Outlining-tho-mejor complaints. by business, Mr. Harriman said: "Busines is justly apprehensive re- garling increasing Government in- terference with business, as exem- plified by the 'National · Recovery Administration, the Agricultural

Traders are manifestly nervous,

On comparing the balancu Bhret Adjustment Administration and the Tennessee Valley Authorities; of evidence of which was given laat before you with that of the previous the growth of debts; of unsound

night when local speculators were year, you will observe that we have, labour laws; of the destructive, heavy sellora of London silver.

during the year under review, ro rather than regulatory, Holding

tred our indebtedness to Messr Opening rates on the Foreign | Vickers-Armstrongs, Ltd., the final Company Bill, and of fantastic schemes for the sharing of wealth114, Seterling 1/8 % and Gold og heen effected in September. Exchange market were US. dollars payment in respect of the new plant by taxation."

1034. Further, our overdraft with Bars $765.70United PreRR.

the Hongkong & Shanghai Danking Corporation has been reduced by LONDON RISE

$406,527,49, and at the 31st December, 1034, tood #t the Aguro

of London, Apr. 30.

$308,208.62. Our position, financial- The rise in London silver prices ly, I am pleased to state, shown to-day is attributed to the dlecon- vast improvement, and it is reason. tinuance of profit-taking combined ably anticipated that, during the with renewed buying inspired current year, our indebtedness will be materially reduced, if not entirely official fixing.-United Press. Turning to the Profit and

LONK Account, the balance #tanding at deblt of Working Account for the year amounts to $165,049.33, and after providing for Directors' and AuditorH

Fecs, compensation to Messrs. Shewan Tomca & Co., in- terest, legal and other fees in connee- tlon with the collection of unpaid calls and reduction of capital, the loss for the year amounts to $275, 144.25. Deducting from this figure Washington, Apr. 30,

the sum of $278,547.77 at credit ef Members of the United States forward from 1933, there remains a Profit and Loss Account brought Treasury have said that there will debit balance of $1,400.48, which it be no announcement regarding the is proposed to carry forward to ad silver price to-day-United Press. year's account.

Herr Gipperich, toasting His Majesty King George V, expressed, un behalf of the German com Calenta. May 1 munity, their slicere thanks for One of the biggest Indian the honour they had been-accorded terrorist trials was concluded toy the attendance at the celebra- day when a

Special Tribunal tion.

"I believe that peaceful work, sentenced six members of a re- volutionary gang, belonging to bonesty done for ourselves and various provinees. to transporta for the good of our own country, Hon for life 011 charges of is the most effective contribution towards preservation of the peace rights of the case one way or an- The programme tills Twenty-one "waging war against the King." other, and suggests a means of closely printed pages, prescribing

of the world," he said. Three others were sentenced to Rafa the methods to be used in seizing selllement, France and will take the settlement into their the relns of Government by civic years rigorous imprisonment and four were acquitted. Two own hands with their respective war and the destruction of the who turned "informer were dis air forces and armies at their parliamentary, administrative, in-

charged. dustrin und judiciul edifice.

| German, without exception. To nt- man asked for a continuation of The nation's armed forces, the The alleged object of the tain that much-desired end, Ger- the NRA, omitting the provision plan says, would be dissolved in conspiracy was to arrange for many is not only willing but for Presidential power to impose mediately and connections with a simultaneous armed rising anxious to join and co-operate Codes, and found much that was the rest of the British Empire throughout all India. The pro- with the other nations on a basis out in the farm programme.

At the same time, Mr. Harriman Agricultural Adjustment Adminis-the traliou's amendments need not bo as drastic sa now contemplated, while advocating that the Holding Company Bill be in a limited form that permits a continuation of hold-

in position better

zay ed area. respects than others. It is may centuries since that party of Anglo-Saxons left German shores and landed in Britain, and active commercial relictions have been maintained atross the

German Ocean and were not interrupted until that fateful year of 1914.

"Whatever may have happoned during the last twenty years, we have never ceased to consider the British nation as our cousins, and on this our National Day I happy

to have the honour of asking you to drink the health of the august Sovereign of the. Bri- ish people who is closely

Race Across ever. Therefor at instit gramme included the establishe justice and duties, of equal honour, expressed the hope that the pending through yesterday's recovery after be materially

Red of justice for all, of equal

Continent

MYSTERY PLANE'S

RECORD

New York, April 30, The transcontinental Western Air Lines "mystery" plane, a new type of transport machine, to-day -established i new record for Treight planes in a light from Los Angeles to New York..

The big muchine completed the trip in 11 hours 5 minutes.

The previous record was made in February last, and was 11 hours 34 minutes 16 seconds.

Despite dust storms, the plane! maintained an average speed off over 200 miles per hour.-Reuter,

SHIP WITHOUT RIVETS

TANKER LAUNCHED IN ENGLAND

SAME FAMILY.

Britain, on the Rossinn model. Ooty Hills and the preparation and equal security.

It is computed by these Russian plotters that the country could live on its accumulated foodstuffs and by slaughtering its cattle and other livestock, until tht Soviet could come to its nasistance with a trade exchange plan.

Finally, the plan winds up, the present wielders of authority

could be rendered harmless by the prompt application of stern re- volutionary justice-Reuter.

SILVER EXPORT

RESTRICTION

MANCHUKUO ACTS IN

SELF-DEFENCE

Changchun, May 1.

of chemicals for creating a smoke sercen under cover of which con- vieta would be enabled to escape from prison with folding Indders.

"The British people, being of the same family as the German, ean 1933, and concluded in

The trial opened in August.se our difficulties and understanding companies serving an Integrat- last year--Renter.

NEW YORK MARKETS

October

GENERALLY DULL SESSION

Now, York, April 30. On the Foreign Exchange Mar- ket here to-day the dollar was

In view of the financial situation | firm against sterling and steady,

On the

New

York

our

in Manchurlu and the threatened but inclined to easiness, against related to Germany. Next week outflow of heavy consignments of gold currencies.

he eclebrates the completion of 25 silver, the Manchukuo authorities

Cotton years of his roign and the German have decided to take restrictive measures against the exportation Exchange prices were steady and people in Hongkong will join the British in wishing him many more closed one point higher to one of silver,

The session was the years of happy rolgn." point lower. dullent for months due to

HITLER

It is estimated that for the past fow months silver exporta from Manchuria amounted to about 33,000,000 a month-Central News,

hesitancy on the part of traders who hold aloof owing, to the un- certainty of the future A.A.A. programme.

TOASTED

In conclusion Mr. Harriman said: "While discussing with busl ness men, the measures comprising the New Deal I was impressed by the fact that the chief objection was not to the basic principles un- derlying these measures, but to the extremics to which they are carried. The New, Deal has forgotten that gradual growth should come by ovolution of human experience."-- Itcuter.

ATLANTIC AIRWAY

FRANCE LAYING

MONTREAL, SILVER

Montreal, Apr. 30, Silver futures were fifteen to seventy points higher here to-day. Sales amounted to 2,010,000 ounces,

United Press.

NO ANNOUNCEMENT

Later.

The Foreign Exchange Market was very dull at 11.15 with rates fractically unchanged from the opening.

DOLLAR AGAIN:

ADVANCES

MARKET QUITE FIRM

In reviewing the business of the Company for the post year, I should like to mention, that the larger por- tion of the loss in the working was incurred during the first half of the year, when both klins at Rok Un were closed down, due to accumulated alocká: During the second half, it was possible to resume production, and further savings word effected, resulting in reduced production costa and corresponding Improvements in the monthly returna.

JAPANESE CEMENT

Japanese coment, assisted by the further decline in the valve of the yen, continued to be imported into the Colony in large quantities. However,

PLANS

The Chief Justice, Mr. A. 3. A.

Paris, April 30. MacGregor, proposing the health

The Air Ministry has announced kong dollar showed an advance of out the year. In this relation, it is The official rate of the Hong-in spite of this, we managed to retain. a share of the local business through- of Herg Adolf Hitler, Chancellor that a Committee has been formed the on opening this morning, the Interesting to note from figures taken: of Germany, said he was particu-

quotation being 28. 54d. The from the "Hongkong Trade and Ship- larly glad to hear Herr Gipperich to work out the first stokea of a Japanese refer to the British na Germany's vico, linking the European capitals

plan for a North Atlanfle air ser

business rato was 2x. 51⁄4d, soliors | ping Returns" that no less thin et foreign friends. Ils was a happy with New York and Montreal.

termed speech, because one only

imported into Hongkong during the had to look round the room to see American and British Intereats In London, silver prices ad-year 1934, mont of this coment budg

utilised on constructional works with- how many there wore who had ara believed to be already making vance the spot and 11/10ths in the Colony. accepted the Invitation to avail progress towards a co-operative forward. India bought, while Sales from our Hok Un factory, themselves of the opportunity of service In which each country China operated both ways, the during the year creered the fig

(Continued on Paye 7.) shall bear a share.-United Press, market closing steady.

"(Continued on: Page 49

London, April 30, The tanker, Moira, 2,240 tona deadweight and 245 feet in length, ANGLO-SPANISH TRADE the largest all-wolded ocean-going

Silk prices were unchanged to vessel over built in Britain, was

London, Apr. 30.

point lower. launched to-day at Swai and Preliminary discussions with a operators hedged with salos Hunter's yard for Dampskibsaal- representative of the Spanish Gov forward deliveries, Import ac akapet Marno, of Oslo.

ernment, with a view to negotiating counts were good buyers. Rivetting has been entirely dis-an Anglo-Spanish Commercial Messra. Handy and Harmon, pensed with, and the electric are Agreemont, wore formally opened bullion marchant, quoted Now process of welding used. British in London to-day--British Wire-York-silver at 75couts per Wireless,

Fless.

ounce.-United Press, AMENAZANA

and 24, 6%d. buyers. With the 75,377 tons of Japanese cement wre market quite firm.

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