1935-06-13 — Page 13

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FINAL EDITION

The

rary, Supreme Court

Hongkong Telegraph.

FOUNDED 1601

No. 14601

四拜雞 號三十月六英港香

THURSDAY,

JUNE

13,

1935.

日三十月五

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CHINA FACES WORST CRISIS SINCE S'HAI WAR

Conference

Fixing New

Fleet Ratios

BRITAIN AGREES TO GERMAN DEMAND

NO OBJECTION EXPECTED

(Special to "Telegraph")

(70 Telroseph, Casuright. Telegraphic: Menges Ordinner, JAPJ, Becelerd, Jun 11. 7.2 d.)

London, June 12.

The basis of the reported Anglo- German naval agreement is that The 35 per cent, of the British strength claimed by Germany. will apply to each ship entegory separately, it is stated here.

Germany's naval strength will remain, constant in this ratio to Grent Britain's so that the in-

crease of the strength of any other naval power. than Britain) will not be followed by an in- crease in Germany's tonnage.

This proposal is said to have been accepted by Great Britain provided that no other power ignatory to the Treaty of Ver- sailles objects.

It is thought likely that italy will agree. French agreement, on principle, is regarded as prob- able, though Franco may make re- servations on a number of points, ¦

WASHINGTON REPLIES

Washington, June 12, Replying to the message from the British Government with re- gard to the progress of the Anglo- German naval conversations, the United States Government has expressed the sincere hope that the result of the parley will lead to a satisfactory salution. The United States hopes that the conversations will lead to a.com-

viewpoint on the part of leading European naval powers with regard to a mutually ac- ceptable proportional standard for their fleets.

Such an agreemont, it is felt here, would contribute to general agreement amongst prin- cipal naval powers of the world. for limitations and reductions of armaments, in line with the Lon- don and Washington Treaties.- Reuter Special.

Truce Ends Chaco War

FIRING WILL CEASE ON JUNE 14

(Special to "Telegraph")

Buenos Aires, June 12. An armistice was signed at noon and to-day between Paraguay

Bolivia.

It provides that firing shall cease within forty-eight hours in the Gran Chaco country where for nearly three, years these two nations have been at death grips

This interval is fixed to give each side time to warn ull posts on the 375 mile front that firing mast cense at a given hour: noon of June 14-Reuter Special.

DOLLAR STILL UNCHANGED

MARKET CONDITIONS VERY DULL

There was no change in the official rate of the Hongkong dollar on opening this morning, the rate being 2s. 4d. Market rates are about 28. 4.8/84 and 28. 41⁄2d. There is practically no business passing, the market being excep- tionally dull,

In London, allver prices declined!

whilo. India and speculators bought, business being small.

Max Bker, who is to defend his world title against James Braddock

to-night.

M. BAER PICKED TO WIN

BUT CHALLENGER IS CONFIDENT

(ty

WORLD TITLE FIGHT

(Special to "Telegraph")

13. 10 com}

Telegraph. Copyright Telegraphia Mengra.Ordinaner, 1881. Recolved. Juna

New York, June 12. Maxie "Rosebud" Baer, film star, | cubaret entertainer and world heavyweight boxing champion, is a five-to-one favourite to retain his title when he fights against the former dock labourey, Jimmy Brad- dock, the Jersey Thunderboll, at Madison Square Gardens to-morrow night.

FEAR OF SUDDEN ATTACK

CAUSES PEIPING PANIC

FOREIGN TROOPS EXPECTED TO QUIT DANGER ZONE

Renter reports General Ho Ying-ching leaving Peiping during the night of June 12, travelling by train to Nanking to consult the Government concerning the fresh pressure being put upon the Chinese by Japan. He travelled by the Peiping- Hankow Railway to avoid Tientsin.'

High officials in Peiping, interviewed by Reuter, declare he is returning with- in a few days. They are extremely gloomy, declaring it seems certain that China is facing the most serious crisis since the Japanese swept against the Chinese city in Shanghai.

United Press, on the contrary, reports that Major Tan Takahashi, Japanese Military Attache at Peiping, denies that any new demands have been made upon China; nor has any protest been lodged with the Chinese Government by Japan, he adds.

This news agency, agrees that General Ho Ying-ching has left for Nanking, but quotes a "spokesman of the War Ministry" as saying that no fresh Japanese de- mands have been received in Peiping.

JAPANESE CONTROL TIENTSIN

INCREASED TENSION NOW UNLIKELY

EYES TURN TO CHARHAR

The altuation in the North - re- mains tense and, with conflicting reports coming in, considerably confused.

FOREIGN TROOPS

Washington, June 18. While there la no official state- ment of the American attitude in the Sino-Japanese situation, it is |believed hure that the United Stales diplomatic mission to China,

now being raised to the rank of

| Embassy," will be transferred to

Nanking.

Thus the necessity of a Marine i guard for the Peiping Legation will be removed. It is further understood that the US. Infantry regiment which has been main- tained at Tientsin under the Boxer Treaty for the protection of U.S. nationals, will be voluntarily re-

N. CHINA 'OPEN DOOR' CLOSING

RESULT OF JAPAN'S INFLUENCE

INTERVENTION UNLIKELY

Mr. Douglas Fairbanks, who arrived

in Hongkong yesterday and wa* **- tertained to tos by Sir Robert Ho Tung.

CLIPPER HOPS FOR MIDWAY

TESTING RADIO "PATH-FINDER"

DEPARTURE SURPRISE

Stabilised

Currencies

Demanded

AMERICA URGED TO TAKE INITIATIVE

WORLD PARLEY

SUGGESTED

Washington, June 12.-

A joint resolution requesting President Roosevelt to begin negotiations with other nations. to secure currency stabilisation ou a bi-metallic basis, has been introduced by Representative White.

In a sintement issued when he announced kis aetion, he pre- dicted:

"A monetary conference called by the United States would meet with instantaneous and favour- able response abroad."

Meanwhile, Senate Silverites ary still not satisfied that the Treasury is buying silver as fast as it might. They intend to hold another confereure soon to dia- euss what may be done in this matter.-Reuter.

MONTAGU REPORT

London, June 12. Mesara. Samuel Montagu and Company in their report for the past week, after reviewing the daily movements of the market, conclude hat the undertone of the market has been good. As Telegraph, Copyright. Telegraphie appears, there will be good re- Mezzagna Ordinance, 7181. Beceived, Jsistance at any decline, but move- ments in the near future may con- tinue to be erratic.

[AW

(Spacial to "Taingraph")

Lo

and

Messrs. Pixley & Abell in their sliver report say that Chinese speculators have reduced their bull position considerably that these Bules have been the main source of supply.

Support has been chiefly specu lative on Indian, local-and-Ameri

can account-Router.

Confusion In Congress

13, 14.30 a.MƏKA

Alameda, June 12. Despite denials that the Oriental; Clipper was flying for Hawaii to- day, the big Pan-Americna Airways ocean liner hopped off at 3 pm

She expects

encounter stretch of cloud and rain squalls about 250 miles out. Beyond that Tientsin, June 12.

New York, June 12. distance there will probably be fog There is a definite relaxation in Baer, who declares he will quit the sensitive Sino-Japanese

Foreign trade circles are frank all the way to Honolulu. She will the ring if he losses, expects a quick sion felt to-night as June 12, the aren in order to avert a Japanese "Open Door in North China ap-

en moved outside the new Japanese in expressing the opinion that the thus lv almost the entire distance victory.

blind. day of crisis" nears its end. It is request for withdrawal of this pears to be closing to no more Braddock, who a year ago was believed that the local situation is force.

Instead of unpleasant, these Ny- "on relief" and who has never been well in hand. Old residents and

powers with treaty

than a narrow slit. The cause in ing conditions are looked upon as rated a first class fighter is never those familiar with the Japanese in these two cities are understood not far to seck, they explain. It be ideal. The operators wish to theless confident of his ability to policies believe that Japan will to be acting likewise.

the radio direction-finding ia the steady extension of Japanese test outpoint the champion. His con-have little to gain by further

influence.

apparatus on the Clipper, to see if Adence is shared by his handlers action here at present in view of that as soon as the new territories Diplomatie circles here believe

by this mechanical means alone the who have backed him for £5,000.

The prospect is accepted here pilots can bring their ship to its the fact that this aren is The majority of crities favour, under their complete military and Army will move in, probably be- toric stand of the United States

now are consolidated the Japanese with equanimity because the his- destination. Baer, however.

The same crew as made the [political control, Ticket sales are disappointing.

fore the end of the year. for an "Open Door" in China has inaugural flight to Hawaii is aboard The Japanese militarists have Renter Many believe the fight is no more gained every point in their de

never brought any exceptionally|the big plate. The ship is loaded than a "set-up" for Baer, some mands of China, but they have

RECONNAISSANCE

big slice of business.

with 30,000 gallons of gasoline and

Washington, June 12. easy money for the champion, Aleft the door open to continue an

| 300 gallons of oil, as well as rations. Administration leaders strove 30,000-ticket house is expected offensive if they so desire.

Peiping, June 13.

The prevalling attitude is that There is neither mail nor cargo without apparent success to have This number should pour £40,000 The feeling blows hot and cold, has notified the Chinese authori kettle

The Japanese. Military Attache Any embroilment in the seething aboard.

of Far Eastern rivalries

the Holding Company Bill taken into the Garden's wickets.

There was little ceremony before up by the sharply divided House The New York State Boxing Charhar situation will gain in imes that from 12 to 17 aeroplanes would be a doubtful price to pay from Jchol will fly to Pelping to-fer the protection of business of day and to-morrow "for the pur-

(current magnitude.--Reuter, One of the outstanding fon- tures of the past week has been pose of investigating the move- the complete dominance

ments of troops evacuating Pei- military faction, which has been ping."

Commission states that the referee will be announced just before the fight. Reiter Special.

S'HAI EXCHANGE MARKET

BONDS DROP OWING TO TENSION

but indications are that the

portance.

of the

pushing the Foreign Office,

re-

presented by the Consulate- General in Tientsin and the Em- bassy in Peiping, into the shadowy background.

TROOPS WELCOMED

The arrival of Japanese troops in this city was made a galu event by the large Japanese community, since it clinched Japan's control

Shanghai, June 13. The Foreign Exchange Market of the area. is dull this morning, apparently marking time due to the cortainties in the North.

It is unlikely that the planes will arrive to-day, but to-morrow, thus] coinciding with the presentation of credentials as Japanese sador by Mr. Ariyoshi.

Ambas-

U. S. SECURITIES

NEW LEGISLATION PROPOSED The exodus of nervous Chinese) residents continued to-day and

Washington, June 12. south-bound trains were packed Mr. Kennedy, the Chairman of with refugees from the panicks the Securities Exchange Com- city.—Reuter,

mission, has disclosed that the Commission will recommend changes in securities legislation to the next Congress,

FIRM DENIAL

Peiping, June 13. While the Japanese troops were General Ho Ying-ching's con- un-arriving at the main railway Aidential secretary at the War

Mr. Kennedy declined to die- station, with a fanfare of publicity Ministry oficially informed the cuss the nature of the proposals, Opening exchange rates

were at 10 o'clock, General Shang United Press to-day that no new but he said experience had shown U.S. dollars, 41; Sterling 1/7- Chen's bodyguards slipped into demands have been 15/10; Gold Bars, $768.50.

made by that changes were Tientsin by a back door, Peinung Foreign Exchange continued Station, after General Shang, who apan. There has been no order Router..

from Nanking to prepare for even- representing

The only in-sacownHILAT UNPROCJENTI PRESTUPPENCEMAYALAMUKA MATUREIMANT dropped more than three dollars Government, had received permis.tualities. he says.

struction received from Nanking for which the critical situation aion from the Japanese

dull. The Chinese bond market is

the

Nanking

au-

the

necessary.

BOMBAY SILVER

MARKET

LONG BLOCKS N.R.A. EXTENSION

the amphibian taxied into the run-of Representatives Commerce

way and then roared down the Committee, where the Bill has 1,200 foot course necessary to rested for the past four montha. give her momentum for a take-off.

Early report of the Bill to the She left the ground 25 seconds House is predicted, but the Com- after her motors were opened up mittee's attitude is as yet uncer- and zoomed 'up over the airport in

tain. brilliant sunshine.

Island,

Meanwhile,

Administration

It is indicated that the Clipper efforts to secure a quick pasange will pause briefly at Honolulu and of the N.R.A. Bill have collided then proceed to Midway second stopping point on the propos Long in an effort to force the with a filibuster by Senator Huey ed trans-Pacific service.-United adoption of a rider giving the Press.

Sennte virtually complete control of Federal patronage.

Senate leaders are planning, à night session with view to breaking the criticism of the filibuster, which is sprinkled with critical references to President Roosevelt. Reuter.

JAPANESE PROTEST

ALLEGED AMBUSH BŸ SOVIET PATROL

Harbin, Juno 13. The Japanese military authorit lea here have handed two protests to the Soviet Military Hend-' quarters in connection with the alleged attack by an ambushed | Russian patrol upon a Japanese following 3.20 p.m. patrol on June 3, near the village. of Tientsalkou, 200 to 300 metres within the frontier of Manchukuo. Yesterday's On June 11 the Russian

Стове

"authorities made a similar charye" 78.03 against the Japanese and a protest

was lodged with Tokyo.-Router.

In the North has been blamed. thorities to enter the Chinese city. Was that General Ho should pro- ceed thero to report-United The market continued very quiet Japan's power is so much en-

Press, at the close of the morning session (hanced that many Japaneso are due to the situation in North already buying large properties

TROOP MOVEMENTS

Reuter reports the China.

Immediately outside the foreign

Bombay silver prices at The market continues dull this concessions, notably from

Pelping, June 13. afternoon and the Chinese bond Russian and German concessions. "An unconfirmed report says that to-day: market is still going down on ac-Several large deals are reported since Monday twelve Japanese To-Day's count of the Northern uneasiness to have been completed in the last troop trains and oxe armoured twenty-four hours-United Press. train have passed through Shan- -United Press.

haikuan into the demilitarised zone-Reuter.

MORE TROOPS

-BREAKS RECORD

Tientsin, June 13.

The Japanese garrison in Tien-

Isle of Man, June 12.

tain is being increased by 700 men. The first rolhforcements arrived

SEMI-PANIC

London, June 12. Reports from Peiping state that

Price

78.00

STEEL CO. LOAN

Now York, June 12 The Bethlehem Steel Company

SOVIET'S SAFETY

Bucharest, June 12,

&

The United Press saye Senator Long's filibuster began af 12.30 o'clock. He is being sided by Senator Gore to prevent action on the NRA. resolution and has forced the Senate into

a night session.

PROF. PICCARD

IN LONDON

“GONDOLA GIFT TU MUSEUM

London, June 12. Professor Piccard, whose ascents into the stratosphere have made history, was present at South Kensington Muacum to-day when

It is understood that Rumania the gondola in which he and

White practicing for the Tourist here yesterday and one further the now Japanese demands have 3/8the yesterday., China gold, Trophy Races here, Stanley Woods, detachment is due at Chinwang- caused a semi-panic and have re- has filed with the Securities Ex-will sign within the next few days Monsieur Max Cosyns reached a riding an Italian Guzzi motorcycle, tap on June 14. A third is going sulted in the uxodus of crowds of change Commission an application a pact of mutual assistance with height of 10%1⁄2 miles in 1932 was broke the lap record by thirty-two to Tangku on June 16, when the civilians to the South. It is roto float 855,000,000 worth of 44 Soviet Russia, similar to the presented to the Museum in the seconds, averaging 84.3 miles per total of Japanese troopa in Hopel ported that the Japanese intend to per cont, sinking fund bonds Russo-Czecho-Slovakian hour.-Reuter Special.

'Province will be 4000-Router.

(Continued on Page 7). Reuter,

In New York, silver is down

1/8th.

Reuter.

pact-presence of the Belgian Ambas sador-British Wireless.