1935-05-27 — Page 1

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FIRST EDITION.

The

Library, Suprotné

Hongkong Telegraph.

FOUNDED 1881

No. 1455

一拜體 號七廿月五英港香

MONDAY, MAY .. 27, 1935.

日五廿月四

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DUNLOP

The World's Best Tyras

FRANCE FACING NEW CRISIS

FLANDIN'S STRENGTH

FAILING?

PRESIDENT TALKS WITH CABINET CHIEFS

Paris, May 26.

Just when France is entering upon a most serious financial crisis, the most threatening since M. Raymond Poincare took the helm in 1926, rumours are current that the Government may resign.

M. Flandin's poor health is at present the greatest handicap to the Government, though he is courageously trying to maintain the terrific pace required of him. The Prime Minister is able to attend to business at home, but must avoid fatiguing travel by motor car. because the vibration impedes the setting of his re- cently badly broken arm.

It is considered possible in well-informed circles that he may decide to make way for a fitter man in the moment of crisis.

Meanwhile, President Lebrun's activity is causing speculation.

He saw Premier Flandin yester-

FRENCH

day and M. Laval, the Foreign BANK RATE

Minister, M. Rolllu, the Minister | for the Colonies, and M. Malvy. President of the Chamber Finance Commission, to-day. With them he discussedl the political

tion.

It is most

situ-

unusual for the

President to consult anyone ex- cept the Prime Minister, save in

a moment of the moat crisis.

gmve

It is known that gold in flowing from. France at a most alarming | rate, and the total last week is! believed to have reached over £13,000,000.-Reuter,

SHORT LIFE

UP AGAIN

MOVE TO PROTECT FRANC

FLANDIN'S POWERS

(Special to "Telegraph”)

Paris, May 26.

The French bank rate has again been raised from three per cent to four per cent.

This makes a rise of one and a half per

cent. since May 23.— United Press.

It was only in November last year that M. Flandin was appoint- ed Premier, following the fall of the National Union. Government.

M. Finndin, the Prime Minister, headed by M. Doumergue, caused by the refusal of M. Herriott, has taken this step with a viow to leader of the Radical Socialist curbing the heavy outgoing total Party, with five additional Cabinet of funds from France, which of members of his own group, to

late have amounted to many mil- support the stitutional reforms which M. tions of francs weekly. Tho Doumergue proposed.

Prime Minister will presently nak

far-reaching

соп-

|

Here is a new aerial photograph of Windsor Castle, to be the scene of many functions in connection, with the

Children

Almost Mob King's Car

THEIR MAJESTIES

IN.

PADDINGTON

PRINCESSES GO ALONG

(Special to "Telegraph”).

(# Telepraph. Copyright. Telegraphis Monger Ordinance, 2004. Received, Nov 27. .33 .m.)

London, May: 26.

Their Majesties the King and! Queen made another surprise drive into Paddington district this after- noon on the occasion of the Queen's birthday.

They were accompanied by the

King's Silver Jubilan

The Aga Khan, who will be repra- sented by three horses in the Derby,

to be run on Wednesday week.

AGA KHAN'S. TRIPLE BID

DERBY

Princess Royal and the Princess FOR

Margaret Rose.

The Royal car was almost mobbed '

GUINEAS VICTORY?

by poor children and police had to CAN BAHRAM REPEAT rush in to tako them off the running boards. Little urchins, wild with everywhere but excitement, were under the wheels of the automobile, and there was danger to the very small children, despite the car's snail-pace and its enforced frequent | stops.--Reuter Special.

SELECTION OF JOCKEYS

London, May 26. H. H. the Aga Khan has nominated his starters for the

Some dificulty was found in the Chamber of Deputies for dic- forming a new Cholaet, but after the refusal of M. Laval to formtatorial powers to protect the Bars $768.80. the United Press Epsom Derby which is to be run

a Ministry, M. Flandin, of the Left franc,

Republican group, assumed the Premiership and formed Government.

B

new.

WHEAT CONTROL SUPPORTED

REFERENDUM IN AMERICA

Washington, May 26. Early returns from the ferendum in which farmers in thirty-seven states have been asked

to

re-

express an opinion, show an overwhelming majority in favour of continuing the Government's wheat production adjustment pro-. gramme, which expires this year. Reuter,

SIAM CHINESE

COMPLAIN

ALLEGED UNFAIR

TREATMENT

Shanghai, May 27,

In this move he will be opposed by the Rightlat section of the Chamber, but he has the support of the powerful Radical faction, ed by M. Herriot.

most

Some authorities believe that France is approaching critical financial period.

Silver Market

Reviewed

H.K. DOLLAR DOWN

WITH METAL

TREND QUIET AND STEADY

The Hongkong dollar declined a farthing this morning, the official

reports.

SHANGHAI RATES

IN. Y. Giants Continue

To Climb

BROOKLYN DISPLACED BY CUBS

YANKS NEAR THE TOP

New York, May 26.

The New York Giants continue to improve their posillon in tho National Baseball League while Brooklyn Dodgers are still slip- ping back. They were again beaten by Chicago Cuba and have now been displaced from second position.

The leaders of the American League, the Chiengo White Sox, maintain their position by a vie- tory

over the Athletics. The Yankees beat Detroit Tigers and are keeping within easy distakes of the top team, ready to displace the White Sox nt the first op: portunity.

Results of matches played to- day, as cabled by Reuter, follow:

NATIONAL LEAGUE

Brooklyn Chiengo

Philadelphia Pittsburgh

Boston

on the famous Downs on the first Cincinnati Wednesday of June.

2

TH TO EN

ANGLO-GERMAN PARLEY

SEEK SETTLEMENT IN EUROPE

WHAT DOES AIR PARITY' MEAN TO GERMANY?

Berlin, May 26.

The Anglo-German conversations in Berlin, follow- ing on the recently announced foreign policy of Chan- cellor Adolf Hitler, have already commenced.~~On Fri day, Sir Erie Phipps, the British Ambassador, put certain questions to Baron von Neurath, the German Foreign Minister, and as a result conversations have been arranged with a view to bringing nearer together the Powers of Western Europe.

It is made clear, however, that the conference is not only centred around the points of Chancellor Hitler's speech in the Reichstag last week. These seem to offer scope for an agreement between Germany and her neighbours, but it is felt that some of them must be clarified.

There are some matters with which Chancellor Hitler dwelt causing some doubt in the British mind.

The demand, of Germany for parity in the air with Grent Bri-

NEW YORK thin will almost certainly be

TRADING ACTIVE

SILVER ISSUES ARE LOWER

STERLING STRONG

discussed in Berlin.

The British Ambassador has already raised the question of whether this claim is to be taken

as applying to the Home Defence Air Force or to the whole Force, stationed

overseas.

Air at Home and

It is believed that the German demand is for equality with-the entire strength of the R.A.F. This would mean that Germany will bulld-ship-plane for plane with Britain from the present moment. for she has already re-armed in the air, in spite of the restrictions average rate of a million share of the Treaty of Versailles, up to turnover during the past week, the present level of Britain's air

(Special to "Tolagraph")

Trading

There

Wan

New York, May 26.

continued at tho

little change in fleet. prices. The Industrial average rose in nearly every section while

The British Government's pro- Rails and Utilities sagged.

gramme of R.A.F. expansion calls Nearly all oil issues went to for the building of new planes new high. levels for the year and

Silvor issues were lower, which, during the next two years, Motor issues were steady,

R. H. E.

ત 4

over.

11

0

2

7

1

.6

12

5

1

and copper were all higher,

*

12

1

6

He declared to-day that he will New York run Bahram, Hairan and Theft, St. Louis After opening lower due to the Bahram will be ridden by Fox

(Joe Medwick and Durocher decline in the New York-London while Gordon Richards will take

scored home

Car- of Halran

runs for the and Harry dinala). charge cross rate, the United States dollar Wragg will be entrusted with Theft, rate now shows a tendency to firm-Router.

up.

The Foreign Exchange Market, however, is extremely dull and devoid of any news-United Press.

BOMBAY SILVER

Measra. Merwanjee and Sons, in their silver report for the week! ending Saturday, write:-

The market, on the whole, hav

Bahram is the favourite, having just won the 2,000 Guineas. Theft classic,

second in that New Market

It is confidently expected that Bahram will repont the Guiners" win, and Theft may well be second,

AMERICAN LEAGUE

R. H. E,

h

6 0

2 5

Detroit New York

# os

will bring strength

the total fighting

up to 1,500. Many of

All commoditica, with the ex- ception of grains and cotton, ad- vanced. Sugar futures made now the machines of this force, how- highs since 1928. Wool futures, over, will be stationed abroad, in prices were the best in the year, the Mediterranean and in India,

while slik, rubber, coffee, cocoa

particularly on the Northern fron-

the tier, as well as Singapore. Fur-

chief

The Senate sustaining Bonus BI voto

Was the centre of Interest but it followed by no noticeable reaction. R.A.F. squadrons at the present

Was thermore, many of the planes of

The French monetary situation

[time are antiquated, relatively, was being watched only for its effect on the US. dollar.

and they will be even more out France has raised the discount of date by the end of the new rate but French gold continues to building programme, Germany's flow to London, Sterling went dollar.mark.

near

the five planes, on the other hand, aro

new and very fast.

· American Industrial executives

(Bill Dickey scored a home run for the Yankees while Tamulis say: Industry as a whole, is Meanwhile, the R.A.Fis blanked out the Tigers).

ready to start an advance but it croiting new flying officers and

Chicago

Body Brought Philadelphin

been colourless during the past To England

woek.

Barring some enthusiasm in thời

9.2

3 8 1 (Jimmy Dykes scored two home runs for the Dodgers while Bob Johnson scored a home run for the Athletics in a match that went

middle of the week, prompted by COMPOSER BURIED IN to ten innings), rumours of purchaSER on the American Government's

SURREY VILLAČE account

WES

ng-

in London, business in the Bazaar: was inclined to sag towards the

(Special to "Telegraph") close. The tendency gravated under the stress of Het is Ordinance, 1891. Reorived, May Telegraph, Copyright. Telegraphie tlemont pressure arising out of, 47, 0.4 mm) heavy stocks.

London, May 26. | rate on opening being 28. 4. The

The remains of the noted com- market was Inclined to be easy averaged about 10 bars of silver lowered to their last resting place The Up-country demand has poser, Mr. Frederick Delius, were early on, the business rate being a day.

In the old Surrey village church- about 28. 5.8/16d. soliers and 28. 5d. buyers. -

midnight last night. yard at Limphfield, just before

A surplus of about 30,000 bars Id now expected after May 28 Bet- tlement.

Thore is no alivor. afloat London to Bombay at this

This was the fulfillment' of the wish of Mr Delius expressed: Junt.: from bofora ho died in his home near week-Paris last June.

Silver prices in London dropped An organisation composed of de-

the on Saturday. Indin_hought, exités of twenty-three public while speculatora operated both bodies in Shanghat is being formed ways, the market being quietly for the purpose of supporting steady. Chinese residents in Siam, who are Juozą zjejun. Bujaayne og of pasojju- Foreign exchange rates-in The incoming--- mail-etènmer ment from the Siamese Govern-Shanghai at 9.80 a.m. wors: U.S. not bringing any silver from Lon- mant Router.

Dollars, 414. Sterling, 1/8, Golddon to Bombay-Reuter,

and. ***

"I want to be buried," he said. "In some country churchyard in is the south of England, in a place where the winds are warm and the san friendly. Reuter Special

me no d

St. Louis Boston

Cleveland Washington

7 11

3

8 10 4

4

8 .3

15. 0

(Powell scored a home run for the Sonators).

REICHSBANK NOTES

is being retarded by Govern mental pressure and adverag legislation, both proposed and actual."United Press.

REHABILITATING · SZECHUEN

CHIANG KAI-SHEK NOW AT CHENGTU

Chongtu, May 27.

mechaniclans. Reuter.

MRS. LAWRENCE DELAYED

COAST SHIP LOSES PROPELLOR

Shanghai, May 27:

on

The return to England of Mrs. Lawrence, mother of the lato "Lawrence of Arabia," is likely Marshal Chiang Kai-shek arto be slightly delayed through a rived here from Chungking by mishap to the Indo-China S.N. nir yesterday afternoon, together Company's B.9. Kiangwo, with Madame Chiang. Preceding which she was travelling to Shang- his arrival, the whole staff of his hal, en route for Home. Berlin, May 25.· headquarters at Chungking had

The Klangwo lost a propeller been removed here. -The returns of the GAINEN The seat of the Szechuen Pro-at-Wong Shih-Kong, halfway be Reichsbank for the period ending vincial Government will soon between Hankow and Klukiang, and May 22, shows the total note cir- removed here from Chungking for tug has been despatched to the culation as 3,411,000,000 Relchs the purpose of facilitating rehabi- scene from Hankow. marks, a decrease of 88,000,000 | Iltation work in areas recovered Reichsmarks as compared with the from the hands of the Reds period ending-May-14-Reuter.---- Central News,

Dr. W. B. Lawrance, who is ac companying his mother, is algo aboard the ship.-Reuter-