1935-05-17 — Page 13

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FOUNDED 1981

No. 14591

五拜歳 號七十月五英街

FRIDAY, MAY

17,

1985.

日五十月四~

WORLD BESET BY

DANGERS

EDEN SHOWS SAFEST ROAD TO PEACE

GERMANY NEED FEAR NO RUSSIAN INVASION

London, May 16.

An important survey of the international situa- tion was made to-night at Fulham by Mr. Anthony Eden at the first public meeting he has addressed since his recent illness.

The reality or formidable character of European difficulties, he said, could not be doubted; but he was convinced that they were not insuperable. If they were to be overcome, however, every nation had its part to play. Britain's part should be to pursue a foreign policy that was frank, stalwart, and, above all, firm in support of the League and of the collective peace system.

Reviewing the background of the European situa- tion, against which he and the Foreign Secretary set out on their recent travels, he said the most important event in international history of the past few months was undoubtedly the agreement reached in London between the French and British Governments on February 3. There was surely good reason for hoping that this agreement would have made it clear to all that any lingering doubts as to Germany's equality of status which might still remain anywhere ought no longer to be entertained.

Continuing, Mr. Eden said the communique of February 3 stated definitely that nothing would con- tribute more to a restoration of confidence and prospects of peace among the nations than a general settlement freely negotiated be- tween Germany and other Power, It was in an attempt to carry this work stage further, and

to

SILVER EXPECTED

TO SOAR

GOVERNOR

LEAVES FOR HOME

TROOPS LINE ROUTE

TO PIER

ADMINISTRATOR SWORN IN

With fitting ceremonial, His Excellency Sir William Peel | accompanied by Lady Peel, loft | for Home to-day on retirement- from the Governorship of tho -Colony and, from the Colonial rervice, In which he has apont nearly forty years.

Departure was made aboard the Canadian Pacific liner Empress of Japan, by which ship there also travelled Mr. J. G. Pilcher, His Excellency's Private Secretary.

Shortly after 2 o'clock, His Excellency and Lady Pec) left Government House by car and proceeded to Queen's Pier by way of Garden Road, Queen's Road, Jackson

Road and Connaught Rond, being preceded by a motor- cycle escort from the Volunteer Defence Corps and the Police Forco. Tho whole of the route was lined by detachments from the 2nd. Battalion East Lancashire Regiment, the 2nd. Battalion Royal Welch Fusiliers and the 1st. Balta-

Hon 8th Punjab Regiment,

Opposito Queen's Pior, guarda of honour provided by the Royal Navy and the 1st. Battalion Lin

colnshire Regiment were drawn up. These were inspected by His Excellency, who, with Lady Peel then said farewall to members of the Executive and Legislative Councils, the Chief Justice and the Pulsne Judge, senior officers the Navy, Army and Air Force, members of the Consular Body, and a large gathering of leading residents of the Colony, Europany and Chinese, who had assembled on the Pier for the occasion.

SALUTES FIRED

A recent portrait of His Excellency Sir William Peel, who leaves the Calony this afternoon on retirement from the Colonial service. (Photo:

Kwong Ngal Studio),

Raising

Status Of

Legations

BRITAIN AND U.S. FOLLOW JAPAN

•

UNOFFICIAL REPORT

Nanking, May 17.

LAVAL

TO VISIT

BERLIN?

GOERING MAY BE ·

SECRET ENVOY

CONFIRMATION

IMPOSSIBLE

Berlin, May 16.

It is rumoured here that General' Hermann Goering, Promior of Prussia and Air Minister for Germany, who has gone to Warsaw to attend the funeral of Marshal Pilsudski, may there convey to French M. Pierro Laval, the Foreign Minister, an invitation to visit Berlin,

It is believed he bears this message from Chancellor Hitler. M. Laval has also arrived in Warsaw for the funeral, coming direct from conversations with the Russian Government leaders relating to treaties for preserv ing the security of their frontiera,

No confirmation can be obtained of the reported mission of General Goering Renter.

BLOW TO PEACE (Special to "Tolsgraph")

(Dy Telegraph, Copyright. Memoar Ordinamor, 1801. 17, dand

Telegraphia Received, Mas

Berlin, May 16. The_result_of_M. Pierre Laval's visit to Moscow, where the French Foreign Minister laid before the Sovie! Government France's plans for safeguarding Europe's'fron- tiers from aggression by any power, is another blow at the com- moh cause for peace, declares the Berliner Tageblatt to-day.

This journal's comment is characteristic of the opinion of the Berlin press,

They describe the joint Franco- Russian communique as an in- It is confirmed that, the United dication: that Europe will де- /States las decided to elevate the celerate the building of arma-

status of its Légntion in Peiping|ments,of all sorts. to that of Embassy.

An official announcement will be made by the Foreign Oflee at

facilitate, at the same time, gen- RUMours of hiGH which proceeded to the Kowloon 5-o'clock.

eral European appeasement, that their travels were undertaken.

The London communique dealt,

in the main, with two subjecta- security and armaments. On nel-

ther of these heads was it possible to record substantial progress ht Berlin,

LONDON PRICE

CONDITIONS REVIEWED

Shanghai, May 17.

As to security, Germany had Not much interest transpired on made an offer in respect of a the local exchanges market this

unfortunately they were not ablo

The

The formalities over, Hix Ex- cellency and Lady Pool embarked on board (the launch Britannia,

wharf, where the Empress liner was alongside. Accompanying Sir William and Lady Peel were Sir Thomas and Lady Southern As His Excellency stepped aboard the [launch, a salute of seventeen guns was fired by the Hongkong and Singapore Brigade R.A. at Black- head Paint.

The elevation of the, Chinese the Legation at Tokyo and of Japanase Legation at Pelping to the rank of Embassies

at officially announced Router.

EARLIER REPORTS

WAS

noon.

Washington, May 16.

quarters to-day that Great Britain the example of Japan and raise the and the United Sintes will follow status of their diplomatic offices in China.

Japan and China have already agreed to exchange Ambassadors. -United Press.

Later, as the Empress of Japan multilateral pact of non-aggress-morning. The rates moved rapid-steamed down the harbour, H.M.S. It is learned in authoritative alon in Eastern Europe. That was ly, but within a narrow range, Suffolk fired a salute of seventeen | welcome news, and it was Import-Influences being Home buying guns, ant that every effort should be done by a leading foreign Bank After His Excellency the Officer made to make the best possible and a report from London received Administering the Government constructive use of that offer. by a prominent brokerage house (Hon. Sir Thomas Southorn, K.B.E., This country, however, based its here to the effect that operators C.M.G.) had said farewell to Sir conception of European security in London are expecting a rise in William and Lady Feel aboard the upon the League of Nations, and silver prices to the 44d. level, Empress of Japan, he n. to record Germany's present will steady, with rates slightly lower

market opened quietly turned to Queen's Pier, whence

he proceeded Ingness to resume her member- ship In that organisation.

due to easier foreign silver cables. House, preceded by a motor-cycle escort. Later, Sir Thomas took It had many times been made Immediately after the opening, the paths of allegiance in the clear that public opinion in this buying operations of moderate Council Chamber, epuntry would warmly welcome

Inaugurated by a the return of Germany to League leading foreign: Bank and membership, which is a privilege ensed off somewhat. Later, how. I which each nation, precisely be-ever, the Bank which had appeared cause it is inspired by the prin as a buyer withdrow from the ciples of the Covenant, should be market and stondier conditions proud to assume.

ARMAMENT PROBLEM

"With regard to armaments, it

Beulo were

were seen.

|

rates

from

Publications of reports London confirming expectation of higher silver prices gave a fur-

to Government

Dissenters Shaken Off

It was reported yesterday by Reuter that, no decision had been taken by the British Government with respect to elevating the Legation to an Embassy, but that in all probability a statement

Commons next week.

The Boersen, Zeitung charges that France is becoming the ban- nor-bearer of the Communist movement, which is a peril to European culture and civilisation. -Reuter Special.

ANOTHER PACT

SINGLE COPY 10 CENTS

-864,50. PER ANNUM

DUNLOP

Fort

is unequalled by any other Tyre

in the world

BRITAIN AIMS AT STABILISATION

GREAT POWERS MUST CO-OPERATE

CHAMBERLAIN DIVULGES

TREND OF POLICY -

London, May 16.

With reference to the suggestion that Great Bri- tain should take the lead in promoting immediate world-currency stabilisation, Mr. Neville Chamberlain, Chancellor of the Exchequer, spoke at some length at the annual bankers' dinner in London to-night.

If there were to be a return to the gold standard, he said, it could only be by satisfactory settlement among the great countries. It was useless to anchor the ship if the anchorage was always shifting, he de- clared. It therefore seemed futile to attempt stabilisa- tion unless there were prospects of its permanency.

"Stabilisation is one of our "ultimate objects. We shall continue with that end in view and shall not hesitate to act when it is likely that action will have a useful result," he added.-Reuter.

BLACK DAYS AHEAD

GERMANY NEARS

A

Prague, May` 16., An important provision of the mutual assistance pact signed to-day by Czecho-Slovakia and Russin is the stipulation that the treaty shall become effective only if the victim of aggression his work. assisted by France.

IN

Otherwise, it is understood that the lines of the Franco-Soviet the pact is modelled broadly along pact. The first three articles are identical.-Reiter Special.

CRISIS

MONETARY CONTROL

Berlin, May:16,..

TRADE MUST IMPROVE ·

London, May 16.

At the annual dinner of the Bankers' Association here to-day, Mr. Neville Chamberlain, Chancel- lor of the Exchequer, declared that stabilisation WAR ono of Great Britain's ultimate objec- tives.

He said, "We continue to have that end in view and shall not hesitate to take the necessary action when it is likely to secure useful results."

However, he said that exchange rates were not able to bo con- | troiled without reference to other

economic factors.

becoming

In this respect he said: "It is useless to anchor a ship if tho warning that Germany's anchorage is always shifting. It to me that it. would be "positive work-finding policy" seema would have to come to an end very futile to attempt to bring about BOOD, was made in an address de- stabilisation unless we can see some

of it livered to-night by Graf S. von prospecta

permanent." Krosigk, the Finance Minister.

Mr. Chamberlain said that he He has just returned to duty after sufforing a nervous break quite realised the difficulties of a down, brought on by the burden of fluctuating exchango, but he sald "a return to the gold standard can

satisfactory- He declared that obviously the only be made by a

of repetition this settlement

the great everlasting Impossible at present, although method of giving employment was countries of the world."

Further he urged the resump there was still a total of 1,500,000, tion of international lending and 000 marks to be used in relief pro-also the revival of international jects.

Itrade, saying "these can only be A considerable increase in em- achieved by co-operation with ployment would be made possible other countries."

among

French Seamen Army. The cost would be borne other objectives, which they kept in

Adamant

would be made in the House of STRIKE SETTLEMENT

Later.

Tokyo, May 17.

A Rengo despatch states that the Ministry of Foreign Affairs. horo confirms the report that Great Britain and the United States will simultaneously 'an- nounce to-morrow the raising of

was quite true that the German ther fillip to the market and rates policy of obtaining full control the status of their Legations in Government emphasised that they recovered their earlier losses.

· ` NEW" BUILDINGS

OUT OF REACH

NORMANDIE TO

BE DELAYED?

17, a.m.)

Lisbon, May 16. Opposition to the Government Steady, but quiet conditions of the administration of educa- China. wanted an Arms Convention, but

the In this they are following the the ultimate value of such a do- then prevailed for the balance of tional affairs throughout

has cost thirty-three lead of Italy and Japan-Heuter. Mages Ordinance. claration must clearly be depend- the morning and the market closed country, ent upon whether the country that with Sterling at 1/8-7/16, U. S. prominent officials their posts.

These men, who include flye makes it is prepared to accept Dollars at 41-11/16 and Yen at

Cabinet ministers, former.

two- limitations such as would afford 145, all unchanged from the-open-judges and several Army officers, a reasonable prospect of generaling-Reuter.

various university, agreement. Take one example. ¡

high school and lower school effectivas. It had always, beon Ansumed hitherto in all die: -Messrs. Mocatta and Goldsmid compelled to resign-on-the-ground armament discussions, that in any in their sliver review for the past that they were unfaithful to the agreement as. to military forces week write:-

principles of the new corporative there would be parity between the Thoro has been a continuous regime-Router Special. offectives atationed in Europe of rise in the price of the white metal, the three great Western Contin- due to speculative buying by India ental Powers-France, Germany, and-China,

LONDON REVIEW

as well as

was

by the recruiting of a regular He declared that Great Britain's

by the regular Anny Budget, In-view, included a rise in wholesale troduced at the time of conscrip- prices, in which direction there tion.

had been some movement lately. The blackest feature of Ger- and also the lowering of excessive many's present position was her tariff quotna.

in

export trade, said the Finance Another objective, he said, was Minister. In industry which that of exchange control, served this trade there were 1.750, respect of which he "could see 000 fewer hands employed than in

some signs of changing con-- 1928, he pointed out.

ditions."-United Press.

He went on to explain that de- valuation of the Reichsmark was utterly impossible, both for econo-

cur-

REPORT

OIL SHARES SHOW STRENGTH

London, May 16.

London, May 16. principals and teachers, have been However~arrangements-have-appusled......to the employees of encles was permanently effected sovers) good features reflected in

hovering in the neighbourhood of the Treasury price of newly mined silver, there is renewed speculation with respect to the possibility of Treasury action.

Meanwhile, thòre are indications of renewed agitation by Senate Silverites na soon as the Sonate

mic and psychological reasons. LONDON MARKET The only way out of their difficul- ties was along the road pointed by (Special to "Talagraph”)

Dr. Schacht, head of the Reichs: bank, which brought them to com- (Dy Telegraph, Copyright. Telegraphic

1894. feceived, May pulsory currency control. This, he admitted, might be a bad system Le Havre, May 16: and might not even provide a solu- Washington, May 10. Indefinite continuation of the tion In the end.

However, he added, that was all called yesterday, It is authoritatively stated that | strike, the United States Embassy offices decided upon by a mass meeting of that could be done until the final

all foreign to-day, who stabilisation of will remain at Pelping.

indignant seamen been concluded to lease additional Franch lines throughout the Router ground in Nanking and to erect country to join their walk-out in four new buildings there to meat sympathy. the growing needs of the Con- Already, it is estimated, 10,000 sulato...

men are affected, including the Congress will be asked to ap- 1,200 of the crew of the new luxury prove additional appropriations Tiner, Normandie. for the lenses, buildings and other The Minister of Mercantile

expenses of an incidental

Em Marine has abandoned negotia- basay-United Press.

tions and has referred the dispute to the Prime Minister and the whole Cabinet.

NO COMMENT

On the Stock Exchange to-day,

creased. Interest in the market for oil-shares--However, thla– proved to be the high spot and larga turnovers were experienced. Cable. prospects of favourable reports. British gilt-edged securities and Indian loans were firmat:"

WAGNER BILL Wireless issues were higher on

PASSED

TACKLING LABOUR

PROBLEMS

Washington, May 16.

On the commodity markets, whoat was firm on a sudden 'de- mand from the Continent for whelt afloft Rubber prices again advanced on renewed speculativa · support. Bane metals were very

and Italy. Such a proposal was On the fact that Mr. Henry embodied in the British draft con- Morgenthau, Secretary of the US, vention the MacDonald plan- Transury, said nothing detrimental “where a figure of 200,000 was to, silver in his broadcast speech proposed for France, Germany and to the nation on Monday last, ro- Italy, while a much larger figuro sales by America and speculators of 500,000 was given to Russla. ́* have been far lees in evidence and

The stalkers' decision means Washington, May 10. It was important to remember the rise has been due not so much has disposed of the Fatman Bonus The State Department refuses that the maiden voyage of the that Germany herself, in the past, to heavy buying as to the scarcity, Bill.

to comment on the report that Normandie, fixed for May. 29, must "had frequently' praised this draft of selling, k

Labour. In foreign exchanges, sterling Senator McCarran intimated to Britain and America will raise the be postponed unless a settlement convention and regretted what she Speculators seem to have taken day that he would then suggest status of their envoys in Chna. is reached in the time romaining

after a quiet opening suddenly described as departures from its a freah heart and it looks as if further consideration of the sliver The Under Secretary, Mr. The seamen are asking for im- The Bill, which is expected to spurted in late dealings owing to principles. Indeed, this conven- the upward movement might con- problem, while Senator Thomas Phillips dealed reports that the proved working conditions, holl do much towards preventing a keen demand from the Continent, tion was accepted by the Die-tinue for the present-Reuter. will sponsor a stabilisation move, United States was moving Its days with pay every year and pay labour disputes, will now be sent registering a good improvement in Särmament Conference as a whole,

Washington, May 16. Incorporating a broader use for Legation from Pelping to Nanking. while they are idle in port to the House of Representatives. Lorms of both dollars and franca. (Continued on Page 5.)"

With the silver price again, silver.—Router,

Router Spbotal,

-Reutor.

Renter

The Sonate, by a vote of 63-12, has passed the Wagner Bill, which firm.

a National creates Relations Board.