1935-06-27 — Page 1

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FIRST EDITION

The

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Hongkong Telegraph.

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四拜禮 一號七月六英港香

BRITISH POLICY Thrilling

ATTACKED

PACT WITH GERMANY ILL-ADVISED

NAVY NOW INADEQUATE BEATTY WARNS

(By Telegraph. Copyright, Telographic Messages Ordinance, 1894. Received, June 27, 8.25 a.m.)

London, June 26.

Charging that the Government had jumped from one policy to another four times in the past few months, Baron Lloyd of Dolobran, speaking in the House of Lords to-day, initiated the debate on the naval and military situation as affected by the Anglo-German agreement,

He expressed

uneasiness at the disturbing atmosphere created in France and Italy by the action of the Government in unilaterally giving to Germany the right to ignore the terms governing her naval strength, contained in the Versailles Treaty.

Germany, he said, was allowed a thirty-five per

Duels At

Wimbledon

BOROTRA BEATEN BY MENZEL

BRITAIN'S STARS WIN

London, June 26.

There was glorious weather and a record attendance for to-day's Wim- ledon matches, and 12,000 persons watched at the centre court Bunny Austin, England's No. 2, beat Hannes, of Norway, convincingly, 6-2, 6-0, 6-2.

Austin's net play was effective and he stowed away low volleys stylishly.

Borotra was the centre of a mild

senantion to-day in consequence of a report that a French sporting journalist and challenged him to n deel because Borotra resented his The Bounding Basque criticism.

took matters Hghtly and made n plucky struggle against the wizard Menzel of Czecho-Slovakia. Menzal won in five grueling sets, the last

of which went twenty games. The scores were 5-7, 6-4, 6-2, 2-6, 11-9. This contest was described as

many seksons.

cent. ratio with the British naval strength, whereas, the greatest seen at Wimbledow in under the Washington Treaty, France's and Italy's ratios were limited to thirty-two per cent.

Lord

Lloyd proceeded 10

examine the Anglo-German agree-

ment, showing how it must operate BIG NAVAL

to Germany's advantage and lead

to greater building netivity

other powers.

Daval

Lord Strabolgi, retired officer and former Labour member of the House of Commons, suid that the Labour Party agreed with most of what Lord Lloyd had said.

"What would the Government had have said if the French concluded an agreement with Ger- submarine equal thany for on flotila? And what would America have sald if he had made

with Japan behind America'a back?" he asked,

arrangement

ВП

EXPANSION PROGRAMME

AMERICA COMMENCES

TO BUILD

WANTS NO

RIVALRY

Washington, June 26.

PERRY ADVANCES

Other second rounders to advance were Perry, the holder, England's ranking No. 1, who disposed of Wilmer Hines, U.S.A., 6-1, 7-5, 6-3, Crawford, Australian ace, was ex- tended to four sets by Kirby of South Africa, winning 6-1,6-6,5-7,

6-2

THURSDAY, JUNE 27,

1935.

日七廿月五

Lord Lloyd, who, in the House of

Lorda yesterday, vigorously attacked the Government for concluding the naval agreement with Germany.

Copper Price To Fall?

TRADE INTERESTED IN DEVELOPMENTS

New York, June 26. The United States Copper Asso- clation has decided to continue only reporting members' anles for statis- tical purposes, but to drop co-opera- Martin Le Geny of France beattive measures such as sales quotas, Lee, one of England's Davis Cup buying agreements with fabricators men, in another bard struggle, and price reports, with a view to The scores were:-7-6, 1-6, 6-2, 2-6, keeping the industry from attack by

price fixing.

6-4.

Earlier, Gene Mako, U.S.A., de- feated Yamagishi, of Japan, in a remarkable match. The American made a recovery after dropping the first two sets. The scores were:--2-6, 2-6, 6-2, 6-1, 6-2.

WOMEN'S MATCHES

...In the first round of the women's competition, Mine. Mathieu of This Anglo-German agreement.

France beat the English girl, Mary bc.said. might be described in cer-

Taking swift advantage of Presi-Hardwick, 7-6, 6-4, and Senorita tain circles in Britain as "slim"

African

"smart") dent Roosevelt's signature of the D'Alvarez of Spain, making her appearance at Wimbledon But he considered it record" peace-time navy appropria-first bad stroke in the long run.

(South

tactics.

for

COLLECTIVE GUARANTEE

tion bill, which places more than since 1931, bent Miss Thomas. $400,000,000 at the disposal of the Great Britain, 8-6, 4-6, 7-5,

The Chilean star. Navy Department for building up Lord Strabolgl advocatesi a col-the strength of the American Heet. Lizania, reached the lective guarantee of immunity of Mr. Claude Swanson, Secretary of trade routes from attack.

Senorita third round when she beat Mme. Werring of the Navy, declared to-day that bids | Norway, 6-3, 6-4, and Mary Heeley, Whit- Lord Lothian, speaking for the for the construction of thirteen Katherine Stammers, Mrs.

Fingstall and Peggy Scriven of Liberal element, said he considered warships will open on August 7.

The new Navy Bill authorises Great Britain, and Joan Hartigon the agreement improved the pros-!

Australia, all off

Wob their pect of a successful outcome of the the immediate construction Disarmament Conference, but Lord twenty-four new ships as a first matches.

Meanwhile, McGrath. Hopman Howe, Conservative, considered move to bring the United States

lead

to fleet up to the limit of its treaty and Quist, of Australia, Sidney the agreement likely to

Wood, Donald Budge and Gene somothing very different to arms tonnage.

Mako, of Amorien, all reached the third round in the men's singles.--- limitation.

Router.

Mr. Swanson simultaneously a "With the German Navy thirty-nounced to newspaperm n that the five per cent. of the strength of Suvy Department was studying the the British. It will be impossible number of vessels which should be in the near future for the British replaced under the Washington Battle Fleet to go East of Suez," Treaty But

110 final derision

he said. "Thas the effect of thewould be reached natil they bail seen what other powers were going Singapore base is nullified."

to do, he added..

NAVY INADEQUATE

WANT NO RIVALRY

He said that sentiment had re-- Earl Beatty, famous war-time eently changed in the Navy De- commander-in-chief of the Northpartment in favour of replacement Sen Fleet, believed, he said, that instead of modernisation of ob- the British Navy Wis nowsolete treaty vessels. inadequate to the country's needs. ! He urged the Government to in- voke the exculator clause of the! naval treaties.

Lord Londonderry, replying, match warship building by any sald that at present it would be other powers when the Washington Imprudent to invoke the exculator and London Naval Trenties expire, clause. 1o hoped, he said, that Mr. Swanson said: the current International converan tions would end satisfactorily and

to answer to a question as to whether the United States would

U.S. TRAINING PROGRAMME

FITTING YOUTHS FOR JOBS

Washington, June 26.

The market is thus entirely open for the first time since the autumn.

BOROTRA TO FIGHT DUEL

Accepts Challenge Of Journalist

London, June 26,

Borotra, French Jean tennis star, at present play- ing

has at Wimbledon, accepted a challenge to a duel sent him by M: Poulain, a. Paris tennis. writer. The challenge is the result of a letter writ-

ten by Borotra expressing re- sentment of Poulain's critic- ism.

Borotra has named Rene Lacoste, French Davis Cup player, and General Alvin as his seconds. They will meet Poulain's seconds and decide who was the offender and therefore who will have the choice of weapons.-- Reuter,

3164928C182204EARSOMERSET Custom smeltors have no prefer-1 ence sales quotas, and the trade Is awaiting price indications most interestedly.

As the result of the abandon- ment of Copper Code practices, trade circles expect an early reduc-. tion in the copper price. The A $50,000,000 programme for opinion is expressed that some sellers would reduce the price im- the training of young women between the ages of 16 mediately but for the fact that June and 26 in higher education, or find- 30 is inventory time, before which reluctant to ing them jobs was announced to-date producers are

mark down inventories.-Reuter, day by President Roosevelt.

and

The President is confident the yield from this investment will high and will lead to the be

"We want ne rivalry.” But It is recalled that naval ex- enable a naval conference to be held perts announced, during the discus-absorpton of 500,000 youngsters

ston of the present bill, that the in the scheme-Reuter,

in 1936.

He held that the Anglo-German United States sea power would be agreement was justified by the second to none when its programme practical facts of the situation. was completed and that her place Moreover, it did nothing to pre-among the naval powers would be judice the situation with other maintained.

those other The thirteen ships to be con naval powers. If powers could agree with Germany structed Immediately include a light regarding land and air armaments cruiser, and aircraft carrier, three on similar lines, they would do destroyers of 1,850 tons each, five Britain and the rest of the worid a destroyers of 1,500 tons each, and service, he said.

three submarines.-Reuter.

TRADE AGREEMENT

"French criticism was received before the Anglo-German agree- ment was signed, he explained, but it was not considered that it just-

London, June 20. fiod Britain in withholding her con

The Anglo-Uruguayan Commer. sent to the agreement which held such promise for the peace of the cial Agreement was signed to-day world He hoped when the French at the Foreign Office. The Agrees Government obtained the whole ment will not come into force pond. ing ratification-British Wireless, (Continued on Page 7.)

REDUCED BANK INTEREST

FOUR CHUISERS DEPART

Italy's Plan

For Colonial

Expansion

WON'T LAG BEHIND

{By

Message

GERMANY

RIGHTS IN ABYSSINIA

(Special to "Telegraph”)

Telepraph. Lopright, Telegraphia Ordinance, 1811. Received. Juna

27. A.30 am, J

Rome, June 26,

Before Mr. Anthony Eden, the British Minister for League of Nu- tions Affairs, departed for Paris 10-day, after long conversations with Signor Benito Mussolini, the Italian Prime Minister is believed to have outlined to him Italy's aims with regard to Abyssinia.

These alms are based on the alleged right of peaceful possession to build roads, railwaye and bridges, and open schools.

•

Italy also has the right to use her good influence in civilising the country, Duce claims,

It is pointed out in well-in- formed circles that Italy does not propene to lag behind Germany in making a claim for colonial expun- Bion.

It is believed that Mr. Eden was oficially authorised to make certain auggestions to Italy with respect to the Abyssinis question, but after Signor Mussolini he hearing realised that Italy was not prepared to make any partial settlement.- Reuter Speciat.

TROOPS CROSS INTO JEHOL

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SILVER MARKET NOW FIRMER

AMERICA BUYING IN LARGE QUANTITIES

WASHINGTON OUTLINES

ITS POSITION

Despatches from London, through Reuter, state that India and China bought and sold silver yesterday. America, it is authoritatively stated, was a buyer, and the market was steady. After the official fixing the market was firm.

America bought at the fixed rates, while London speculators paid up to one-eighth over the fixed rates. Spot silver declined one-sixteenth, however. New York silver was steady at 69% and the Bombay market was steady, rising from 72 rupees six annas, the previous day's close, to 73 rupees nine annas at the open- ing and closing at 73 rupees fifteen annas, after touching 74.

Messrs. Samuel Montagu in their silver report state that silver's recent decline has been mainly due to re-selling by the India Bazaars, but there has also been re-selling on the part of China and speculators generally.

GERMAN LABOUR SERVICE

WOMEN ALSO WILL BE CONSCRIPTED

NEW LAWS. APPROVED

(Special to "Telegraph")"

fly Telegraph, Agra Ordinance,

10 am)

Copyright,

186

Telsyraphic

At lower rates, substantial pur-" chases were made, presumably for the American Treasury, this cum- pany reports, and there has also been some buying 011 China's

account.

AMERICA'S POLICY ·

Washington, June 20. From authoritative sources here comes the opinion that the recent decline in silver prices is simply a technical readjustment of the world markets and which conforms with the current conditions of aupply and demand,

It is very apparent, they say, that silver hus been offered for sale faster than the United States. Treasury and other buyers have been able to take it.

Experts, however, profess them- selves totally unaware of the main source of selling, which by Recrived. Jane most has been attributed to India. From authoritative information has been learned that nothing hus happened recently in Washing-

Berlin, June 26.

The Cabinet this evening adoptton to cause a docline in silver

The fact that Congress is now nearing adjournment with no ap- parent prospect of any new silver enacimění may be taken as a de- pressing influence

Peiping, June 27... which Charhar affair, in four Japanese Special Service men were involved in Changpel, has been farther complicated by another in cident reported by the Japanese at Tushihkow, just as full settlement of the earlier affair is in sight.

According to the Japanese allega- tion, a party of Chinese soldiers ed a law Introducing a period of prices. Recent events, however, crossed into Jehol territory in the universal compulsory labour ser- have undoubtedly indiented that. course of a geanery practice and vice for males as a preliminary the Treasury deca not desire to Bired upon a detachment of Man-to military training. It is under-play into the hands of speculators.

of service will chukuo garrison troops,

stood the period In connection with this incident, be six months. the Staff of the Kwantung Army Headquarters bas held a meeting. following which it was intimated that the Kwantung Army Head quarters were inclined to treat the "Tushihkow lacident" as a local issue, while a close watch on the situation is to be maintained.

The Chinese officials in Charhar

Awaiting fresh Instructions Women will also be included in of the fact that the appreciation from the Central Government be this labour conscription law, but of silver is said to be disadvant

ageous to China. be resumed for them special regulations will faced with the fact that the United fore negotations can with the Japanese-Central News,

na the Female

States farm exports have declined Labour Corps is not yet in a goal during the past year since they tion to take on several hundred

have been pursuing their thousand girls. The law declares purchase policy.

are

CATTLE SUBSIDY

CONTINUES

MEAT TRADE TALKS PROCEEDING

London, June 26. The House of Commons has ap proved the extension by threo of the period during months which the cattle subsidy is payable under Act of 1936.

Meanwhile negotiations

for

Army will bc

The Labour limited to 200,000 men during the coming year, and will be com posed of the 1915 Class of Army conscripts, whose service is com- volunteers. pulsory, as well as

who will be accepted from their eighteenth year and onwards.

be necessary

that as the Labour Service is a

service of honour no wages will he pald-Reuter Spreiul,

Big Loan For Szechuen

BONDS WILL ASSIST REHABILITATION

Nanking, June 27,

The proponents of the silver polley in Congress have encoun- tered several political obstacles in furthering their purpose.

In addition they have been sub- jected to severo criticism in view

Also they are

Bilver

The secrecy surrounding the Treasury's operations in the silver policy, plus the fact that, there is no time limit for the attainment of the ultimate object of

the policy, the three to one ratio with gold, serves to accentuate the con- tinual speculative aspect of silver. Administration ofleinls do not or"cannot clarify the Treasury's, policy because it is the Treasury it. {self which is buying the silver.-

United Press.

MONTAGU REPORT

The Minister for Agricultura Mr. Walter Elliot, explained that

London, June 26. Messra. Samuel Montagu and the purpose of the short period

Regulations concerning the Company in their report for the ONLY THREE CHINESE extensions was to enable Parlia

ment to keep the position under issuance of $70,000,000 worth of past week, say: The sharp decline BOATS REMAIN

bonds for the rehabilitation of in silver prices has been mainly close review,

were due to heavy re-selling by the Four of the Northern Chinese

the province of Szechuen, warships have now left Hongkong, long term meat policy wore pro- discussed by the Finance Com- Indian Bazaars, but there has also of the Legislative Yuan been re-selling on the part of NEW YORK STATE

leaving in port only the Ning Hal ceeding with representatives of mittee

China and speculators generally. and the rebel cruisers, Hai Chi and the Dominions and the Argentine to-day.' ORDER

At the lower level of rates, sub- Government. Hai Shon,

In these negotia- The bonds will be secured on The training ship Tung Chi has tions they had now got down to subsidies granted to Szochuen by stantial purchases were made, the American New York, June 26. departed for Amay, whilst the Hal the realities of situation and were the Central Government out of presumably for Effective from October 1, the Yung and the Hai Chau, which have not without hope that a satisfac-snit revenue collected in that pro-Treasury, and there has also been maximum intereat which may be been anchored in Junk Bay, have tory agreement would ultimately vince and will be withdrawn some buying on China account.

The bull position is still large, puld by banks chartered by New left, It is presumed for Nanking. be reached. Even if such an within nine years.

but liquidations during, the week York State, including savings The Yung Shul, which arrived arrangement wero arrived at, how-

Szechuan has suffered terribly should make conditions healthier ever, it could not be put Into force banks, will bo two per cent. per yesterday, has also sailed North.

There is

at at the end of this month when, during the Communist occupation in the market. annum, according to a ruling of

no information

The immediate outlook is un- the State Banking Board.

present regarding the position be- unless an extension were granted, and the fighting which fallowed The current maximum rate in tween the Ning Hai and the rebel the subaldy would automatically it. Warfare continues in various certain and depends largely, on two and a half per cent.-Reuter.

parts of the province. Reuter,

(Continued on Page 7).5 ships, which still remains obscure; cease---Britisk Wireless,