1935-05-13 — Page 13

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The

FINAL

EDITION

Hongkong Telegraph.

FOUNDED 2001.

No 144.7

一拜禮 號三十月五英港香

MONDAY, MAY 13, 1935.

日一十月四

U.S. MAY ALTER SILVER POLICY

TREASURY CHIEF TO EXPLAIN

GROWING GOLD STOCKS CAUSE COMPLICATION

Washington, May 12.

Financial circles and businessmen are expecting Mr. Morgenthau's broadcast to-morrow to include, some important announcement regarding the monetary policy:

This is due to the alleged inability of the Treasury to carry out the United States Congress silver purchase mandate in the face of the soaring, gold stocks which are at present at the highest value in history, which is around eight billion dollars.

The Treasury has announced that the broadcast will be nation-wide at 11 p.m. Eastern Standard Time and that the subject of the speech will be "The American Dollar."

Purchases of gold are increasing rapidly, and for this reason the.

silver programme is considered AIR FLEET

Imponsible.

Recently silver prices abroad have drastically declined and be cause of this competent observers regard it as being very possible that Mr. Morgenthau will announce a plan to solve the silver problem and also to put an

to the monetary policies In respect to silver-United Press.

end

AID TO INFLATION

New York, May 12. The New York Guaranty Trust

•Company, in a pampirlet sent oul to its stockholders, says that the Just barriers against inflation of the United States currency, similar' to the wiping out of the German marks would be removed by the passage of the Banking Bill in its present form.

The pamphlet states that the passage of the Bit does not

TO ATTACK HONOLULU

VAST ARMADA TO MANOEUVRE

400 AIRCRAFT

TO BE USED

(Special to "Telegraph")

( Telegraph. Copyright, Telegraphia Strampes Ordinance, 1884. Ranelved, May

10.45 0.9.3

Honolulu, May 12. necessarily mean that the future One of the most sensational air of the dollar would be a duplication "actions" in the history of the of the repudiation of the German world will be seen over Hawaii's mark but that it would make sucli capital shortly during the com- a move possible.-United Press. bined Army and Navy manoeuvres Further the Treasury says that of this port it was announced the speech will review the New to-day, Deal monetary policies.

The above pictures showing Signor Mussolini greeting Mr. Ramsay MacDonald on his arrival at Streak for the conference be tween italy, Britain and France, is of peculiar interest now that Anglo-French representations are being ntade to Italy regarding

the Abyssinian crisia

Two Killed

In American

War Games!

NATIONAL PARTY FOR ⚫N.Z.

DESTROYERS COLLIDE POLITICAL GROUPS.

ON EXERCISES

PLANE DIVĖS INTO SEA

New York, May 12.

Two accidents marked the closing stages of the United States Bayal manoeuvres, the last act of which was the voyage of forty- two warships from San Francisco to Hawail.

AMALGAMATE

ELECTION AHEAD

(Special to "Tulograph"),

filu Telegraph, Copyright. Telegraphia Messus Ordinamer. 1114, Placetved, Aray.

Wellington, May 13.

A National Government for Now Zeuland Is' foreshadowed by the During the voyage one seaman announcement that the permanent was killed and three were injured amalgamation of the two most Over 400 aircraft of all sortsing patrol exercises in which they Dominion has been effected.

when two destroyers collided dur-powerful political parties in the However, Bnancial observers are and sizes will participate in a firm in the belief that the Secre-night attack on Honolulu, work-

were engaged in guarding against These parties, the United Party, tary of the Treasury will make ing in conjunction with a power-

an hypothetical submarine attack. led by the Prime Minister, Mr. one of his most important proful fleet of almost fifty warships. nouncements and also that he may

Another fatality occurred when George William Forbes, and the The defence forces are to be take the opportunity of answering tested in anti-aircraft tacties.

a fast scout plane, taking off from. Reform Party, led by the Minister the critics of the Administration's

the flying deck of the aircraft of Lands, Mr. E. A. Ransom, are Admiral Reeves, in policies.

of the American fleet, manoeuver-

command carrier Saratoga, plunged into the by far the most solidly established

ocean and disappeared instantly, in the country. ing in the Pacific, is at present without leaving a trace. There is

They will contest the forth conferring with Major-General no explanation for this mishap. Nationalists. Reuter Special. coming general election Washington, May 11. Drum who commands the Reuter, The Patman Bonus Dill in its Hawaiian Department of combined present form will probably be Army and Navy units. These killed. The old plan to pay the two are planning the great raid. bonus from the Work Relief Fund The date of attack has not been may be revived.

divulged.

AMERICAN OUTLOOK.

Any effective extension of the; Meanwhile, the fleet of forty- N.BA. is unlikely.

six United States Navy flying There will be no new cotton boats, which left Pearl Harbour polley declared before August 1. Friday, reached Midway Island on A perfunctory speech from Mr. Saturday, after a brief halt for Henry Morgenthau on Monday food and fuel at Frigate Shouls.-- night is

expected, probably re- United Press.

viewing results of monetary ex periments to date, without any announcement of the

monetary policy,

future

There are no new silver plans contemplated. for a fortnight.

Farm incomes are estimated at Goven billions, with drought damage probably less than expected.

Soviet Plane Fired On

DETAILED REPORT

The United Press provides details R. A. Officer

of the report:

The destroyer Len cleaved through the destroyer Sicard's starboard fantail, making a shambles of the latter's after- deck, at 3.48 a.m., Diamond Head,

Found Shot

I mile off BULLET WOUND IN

THE HEAD

Gunner's Mate Richard Chad- wlek was instantly killed and four were seriously injured, all aboard the Sicard.

A

►

08

distressing discovery was made in the R.A, officers' mess at: The collision occurred when Stonecutters Island shortly after twenty-four destroyers were 10 o'clock last night, when Lieuten- Delgarno Cilliot stenming towards Honolulu with ant Francis Admiral Recyes' battle force of de Berthilleaux, of the 24th forty-two vessels, which arrived Heavy Battery R.A., was found in Honolulu this morning.

shot through the head. Steaming at fifteen knots, and No details are at the moment Pearl Harbour drydock, leaving was unlighted, the Lea proceeded to available, beyond the fact that he found dead from a bullet a trail of oil. Her bow was wound in the head in his room at Harbin, May 12. crumpled. The Sicard is still ly the mess. Manchukuo official munique, issued to-day, states ing.

coming outside. An inquiry is pend- that a Soviet Army plane was aighted over the city of Suifenho, In Manchukuo territory. at 10 o'clock this morning.

FLIES OVER FORTIFIED Current business optimism is widespread, based on good first MANCHUKUO TOWN quarter earnings, plus high hopes for the autumn-Swan, Culbertson and Fritz.

..

B. I. S. SHOWS PROFIT

PAYING HANDSOME

DIVIDEND

A

The plane flow at a very low altitude and was fired upon by the anti-aircraft guns of the local garrison farcea,-Central News..

SOME RAIN

A strong anticyclone is controd to the north-east of Hokkaido and

AIRMAN'S DEATH

Marshai Pilsudski, veteran Polish diclator, whose death is reported to day.

American Ambassador For China?

WASHINGTON STILL CONSIDERING

MAY FOLLOW JAPAN LEAD

(Special to "Tolagraph”)

Washington, May 12. State Department officials' to-day stated that the question of the United States exchanging ambassn. dors with China was not being considered at present.

BINGLE COPY 10 CENTE

100 PER ANNUM

DUNLOP

is the

SAFEST TYRE

POLAND MOURNS NATIONAL HERO

GREATEST FIGURE IN HER HISTORY

MARSHAL PILSUDSKI DIES SUDDENLY

With the death of Marshal Joseph Pilsudski, War Minister and Dictator of Poland, announced to-day, it was feared that some political crisis might arise. The Government, however, having appointed a temporary War Minister, and having recently put into force the new Constitution which Pilsudski himself approved, feels confident in its strength.

The President has issued a proclamation calling upon the nation to remember "this man, the greatest our history has ever known," and to make the most of his legacy. All Poland is in deepest mourning.

It was a remarkable coincidence that the Marshal died on the ninth anniversary of his historic putsch, by which he took control of the country and stabilised the Government. Members of his family and his Cabinet were, at his bedside when he died..

TRIBUTE TO GREAT LEADER

PILSUDSKİ, SAVIOUR OF POLAND

ever

PROCLAMATION TO NATION

Warsaw, May 12.

Warsaw, May 12, Marshal Joseph Pilaudekl, Po- land's dictator," died at 9.30 o'clock to-night from a kidney dis- order. He was sixty-seven years of age, and as the Government's "kheet anchor" ho had served hla country notably, particularly since the Great War

He was one of the most pictures- que figures In Europe and was the creator of the modern Poland.

One of the most powerful and fearless of workers for Polish liberation before and during the Great War, he became a national hero and a figure of world promi- nence during his historic putsch of 1926. It was ♫ remarkable coincidence

to-day was the anniversary of that during piece of strategy, nine years ago, Since the day of tho putsch,

thint

the

"By his great labour he con- atructe a strong nation; by his Marshal Pilsudski has occupied

of will he the titular post of Minister for. genius and strength resuscitated the Polish State. This War, but he has been in reality man is the greatest our history has the power behind the scença. Ko most of the legacy he left us."

known. Let us make the has shunned publicity and even appearances in public, but always This is the wording of part of the his strength and clear vision have proclamation, signed by the guided Poland through the crises that Italy raised the status of her addressed to the people of Poland,

They drew attention to the fact President, M. Moscieki, and of recent years.

Reports of Marahal Pilsudski's diplomatic chief in China last year, on the death of Marshal Pilsudsid,ness have been current for some but that did not necessitate Minister for War and virtual time, but he was well enough to America following suit. In the Dictator of Poland since 1920. receive Mr. Anthony Eden, present case, with Japon making The proclamation was broadcast British Lord Privy Seal, during his Mr. Ariyoshi her first Ambassador throughout the country early to recent vialt to Eastern European to China, it did not follow that the day.

capitals. He was too ill, however, United States would clevate its It is learned that members of to meet M. Pierre Laval, the Minister at Nanking.

the Government were beside the French Foreign Minister, who However, well-informed persons Marshal at the time of his death. passed through Warsaw yesterday believe that in view of the tradi- He was clear in mind to the last on his way to Moscow.

It was announced on May tional friendship of the United and suffered little. He said good-

◊ that the Marshal was suffering States and China it is likely that bye to his friends. the United States will ultimately The Government has ordered all from serious uremia.-Reuter. send an Ambassador to Nanking, theatres closed and the radio sta.. particularly in

have cancelled view of the fact tions

their pro- that nations with Ambassadors ingrammes. This is a time of deep- Ching would permanently outrankest mourning-Reuter. the United States in diplomatic circles there.United Press,

GERMANY BOURNS

Berlin, May 12, Official opinion is summed up by

ENEMY OF RUSSIA Marshal Pilsudski was a bitter onemy of Russia, and when only 19 years of age WAS sent to Siberia for Ave years for plotting for the overthrow of the Russian yoke.

He was born at Vilna and on a German news agency which says his native goll hnd

strong

S'hai Market "Poland has lost her greatest son, following among the young men.

Steady

AWAITING AMERICAN

DECLARATION'

The deceased officer, who, was

(Special to "Telegraph" unmarried, came to Hongkong in January of last year and was ox- his tremely popular amongst

Shanglini, May 13. The Foreign Exchange Market colleagues. On Saturday, Junior Lieutenant He loaves mother, who is steady at 9.30 a.m. due to the Matthias B. Wyatt, flying a pursuit resides at "Rowanhurst, invant, rise in London and Bombay silver plane, plunged to his death just Hampshire.

on Saturday.

Trading, however, is very dull

while the German people have lost in 1907 he formed a scerot army a friend who understood the new but was forced to flee the country [Germany."

Chancellor Hitler has telegraphed before the time for an uprising

was ripe. condolences to President Moscieki-n Router.

HOPE TO END

STRIKE

INDUSTRY HEADS MEET WORKERS

Toledo, May 12.

Begime

In the Great War he sided with the Central Powers but not be cause he partict.arly loved Ger- many. He wished to be free from Russia. When the Czarist collapsed, Plisudski turned against the German-Aug- trian combination, socking to drive those nations of Polish soll. Ho succeeded very satis- factorily, from his point of vlow. FOUGHT SOVIET

In 1919. he became the head of

Proposals for the ending of the the provisional Government when,

after taking off from the deck of The victim of the tragedy was U.S.S. Saratoga. It is believed 24 years of age. The police have due to the impending Policy an- that Wyatt's propellor struck the been informed of the incident and nouncement by Mr. Henry Mor-present labour dispute which is by the Treaty of Versailles, tail of the plane which left the are at the moment making enquir-genthau, the Secretary of the US. threatening to tie up the automo- Poland was restored in 1919. He ship just ahead of him.

les.

Bnale, May 12. The Bank of International Settle-

Treasury.

bile manufacturing industry, and aucceeded Paderewski as Presl menle has closed the financial year

Also traders are awaiting the kindred works, were drawn up at dent in December of that year. of 3994/85 with a profit of £871,-

Gold Bar changeover. US, a conference of representatives Ho resigned from office three 000.

U.8. MAKES SWEEP a weak antleyclone covers East

dollars are 41%, having opened at of the Chevrolet factory execu-years later, but only after he had Over half of this sum will be China.

'WANG CHING-WEI ILL A depression is situated to

41%, and Sterling is 1/8.3/16. tivo and the workers' union-to-made war with the Soviet and Mexico City, May 12.

opening at 1/8. Gold Bars are day.

driven the Nanking, May 13,

oncroaching Rod· moving eastward, and pressure is

The United States beat China in $780.00. Over forty bankers have arrived relatively low over 8. W. China and of the Executive Yuan, is suffering of the Davis Cup competition at the closs of the morning session

Mr. Wang Ching-vel, President both the remaining singles matches

The conference lasted nineteen forces out of Falish territory. The market was absolutely dead hours.

In 1926 he came back into the. hero from Europe; America and Indo-Chinn. Local forecast:-East from influenza, and has been ad- Budge boat Cheng 6-4, 6-2, 0-1, and with rates unchanged,

The draft proposals, detalls of public eye by smashing the Witos Japan for to-morrow's general winds, moderate to fresh; cloudy, visad to rest at his official Bryan. Grant beat Kho Sin-kle 6-1,

which were not disclosed, will be administration. Since then he has meeting of shareholders.-Reuter.

Gold Bars were $784.10-United submitted to members of the bean Poland's dictator much { some rain.

residence.--Central Newn,

|6-4, 6-3,-Router.

Presu

union to-morrow.—Reuter.

(Continued en Pros: 1)

distributed to shareholders as a six the west of the Bonin Islands, per cont: dividend.