1935-11-07 — Page 1

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The

FIRST EDITION

Library, Supreme Court

Hongkong Telegraph.

BINGLE COPY 16 CENTS

FOUNDED 1881

14726

四拜禮 號七月一十英港香

THURSDAY, NOVEMBER -7-1935. 日二十月十 $20.00 PER ANNUM

THE LATEST

MOST

AND

UP-TO-DATE

WOODEN

BUTTONS & BUCKLES JUST ARRIVED

AT

MOST

MODERATE PRICES

AT

WHITEAWAY'S

CANTON CALLING IN ALL SILVER

FOLLOWS LEAD

OF NANKING

WARNING AGAINST

HOARDING

GOVERNMENT AVOIDS

INFLATION

(SPECIAL TO "TELEGRAPH”)

(By Telegraph. Copyright, Telegraphic Afensagen Ordinance, 1804. Received, Nov. 7, 8 a.m.)-

Canton, Nov. 7.

The Canton Government is adopting the Nanking | Government's currency control measures and the na- tionalisation of silver as from to-day.. The Govern-) ment is taking over all silver and is paying $1.20 in Canton notes for every dollar in subsidiary coins and $1.44 in Canton notes for each "big" silver dollar.

J

The Government is prohibiting the use of silver as a currency and the metal will henceforth be regarded as a commodity, which will be purchasable by the Government at the above rates.

Henceforward, only notes issued by the Kwang- tung Provincial Bank and the Canton Municipal Bank will be regarded as legal tender.

Meanwhile, the Provincial Treasury announces that it is suspending all payments for one week owing to a shortage of funds.

The value of Hongkong dotes in terms of Canton dollars has been soaring for the last two days owing to fears that the Canton-Govern ment

CHINA'S

would follow Nanking's DOUBTFUL

currency action. It is expected that the value of Hongkong notes will risc further to-day. Last evening, the premum on Hongkong dollars had reached the record of 52.3 cents on every dollar.

PROCLAMATION

The Canton Government's official proclamation declares that the Valiver situation" has made necessary

doption off the measures to

China's control currency,

The proclamation declares that us. from to-day, November 7, silver can no longer be used as currency and the public will not be allowed

The Hongkong dollar open- ed at an official rate of Is. Od. this morning, a drop of a half- penny on yesterday.

There

plenty of buyers but no sellers early on, but later business was done at 18. 5d., a halfpenny be

official rate. The low the

were

STRENGTH

SILVER POLICY UNWORKABLE ?

AMERICANS SCEPTICAL

Washington, Nov. 6. In an atmosphere of admitted scepticism regarding the ability of the Chinese Government to carry out silver nationalisation, officials are awaiting developments abroad before arriving at any conclusions as to its ultimate results from the standpoint of the American silver policy, it was indleated to-day.

The allustion. Is being closely watched by the Treasury, but there is generally a lack of comment in

Government circles,

On the other hand, there are in market looked wenk.

dientions of considerable, back- BİLİRSİN stnge fretting regarding the ques to hoard silver dollars or buffiontion whether the United States has

ing acts of treason,

Group taken at the garden party given by Sir Robert and Lady Ho Tung to the Ameri- can Congressional party on The Peak yeaterday. Left to right:-Mrn. Byrus, Mr. Joxeph Byrne (Speaker of the House of Representatives), Lady Ho Tung, Mr. Charlca Hoover (U. S. Consul-General), Mrs. Garner, Sir Robert Ho Tung, Mr. John N. Garner (U. S. Vice-President), and Lady Clare Ho Tung. (Photo: Mer Cheryg).

DELAYING

NAVAL PARLEY

JAPAN DELEGATES WILL BE LATE

ITALIANS IN LONDON

London-Nov-6,- Britain hus proposed the post- ponement of the Naval Conference until December G. because the Japanese delegates are unable to arrive by December 2, the date orginally fixed.

AMERICAN DEMOCRATS

POLICY EXPLAINED

STILL STRONG

POWER TO DEFEND TAMMANY RETURNS

WORLD. PEACE

BUT WITHOUT FIGHTING

TO POWER

ROOSEVELT NOT DISTURBED

-New-York-Nov-—6——

In the elections in New York secured a

Washington, Nov. 6. The American policy of using ropriate influence to call a halt to foreign wars, while still keep State, the Democrats ing out of them, was enunciated by 600,000 majority on the popular Mr. Cordell Hall, the Secretary of vote. However, the Repúblicans; State, in a nation-wide broadcast elected 82 and the Democrats 68 It is expected that the Confer-to-night. He explained the United Assemblymen. Tammany has re- Italo-turned to power, having elected States' neutrality in the Ethiopian dispute.

ence will go into recess over the Christmas holidays, but will resume early in 1936.

Meanwhile, the Italian experts havo conferred with the Admiralty. It is understood that they have not toucher the Mediterranean situa- tion in their conversations.--- United Press.

BIGGER U.S. PERSONNEL.

Washington, Nov.-6.

Mr. Claude Swanson, Secretary. of the Navy, says he desires to maintain approximately 85 per cent. man-power in all surface ships and 110 per cent. man-power in submarines during peace-time, thus indicating that the next Bud- get will recommend increasing the enlisted strength to 100,000.

Mr. Swanson said no decision i had been reached as to whether a new battleship shall be started in| 1937 to replace the over-age Arkansa.

Mr. George Dern, Secretary of

two Congressmen and ousted At the same time he pleaded for thirteen Fusionist aldermen, be- wider discretionary powers for

the county gides winning all President Roosevelt, in directing

offices. 19300 zatim

KINGSFORD-SMITH

ON HIS WAY:

After Record For Australia Flight

In Philadelphia, the Republican, Mr. Davis Wilson, defeated 'the Democrat, Mr. John Kelly, the Mayor, by 40,000 votes, this being one of the smallest Republican victories in fifty-six years.

ITALIANS AGAIN ADVANCE

PATROL REPORTED IN MAKALE

ETHIOPIANS MUSTER

FOR BATTLE

(SPECIAL TO “TELEGRAPH”) ·

(Bu Telegraph. Copyright, Telegraphic Messages Ordinance, 1804. Received, Nov. 7, 8,30 4.

With the Italian Army at the Front, Nov. 6. ` The Italian army will probably resume its advance to-morrow, moving towards Makale and to the south by two routes.

Meanwhile, the Askaris with the Italian advance forces, report a large Ethiopian army gathering under Ras Kassa preparing to join battle with the advancing Italians on the north front.-United Press.

ORDERS CONFIRMED

Asmara, Nov. 6.

It has been confirmed that the Italian army is under orders to restart its advance all along the line at dawn to-morrow. The objective of the attack will be Makale, and the road beyond Addigat.

It is expected that Ras Gufza's followers will be given the honour of leading the entry of troops into Makale.-Reuter.

SEEKING TO END TENSION

BRITISH CABINET IN SESSION

SITUATION UNALTERED

London, Nov. 6,

In Massachusetts, the Republi- The British Cabinet today was Cars won all the municipal closely considering the report of elections, while in Detroit Mayor the Ambassador to Rome, Sir Eric Couzens was re-elected by a four-Drummond, regarding yesterday's to-one majority.

conversation between the diplomat

London, Nov, 6. Sir Charles Kingsford- Smith, who left Lympne at 6.28 this morning on what he hopes will be a record- breaking flight to Australia, landed at Athens at 2.37 this

Mr. Howard Burton, defeated the afternoon, and left for almost immediately

Democrat Mayor, Mr. D.' Miller, j Bagdad.

while in Ohio the Republicans | elected 01 Mayors and Democrata G1,

In Virginia, the Democrats re- and Signor Mussolini.

It was decided that further die- gistered a complete victory, and in Scranton, Pa., the Democrats cussions would be necessary be won the Lackawanna courty offices fore concrete steps could be taken

to end the Anglo-Italian tension.- for the first time in 25 years, Renter.

Flying Officer Llewellyn and Mrs. Jill Wyndham, who are attempting to lower the record for a flight from the Cape to England, arrived at Broken Hill carly to-day and left soon after for Aberco. -British Wireless,

In Cleveland, the Republican,

At San Francisco, the

by a 37,367 Press.

PREPARING FOR TROUBLE

Washington, Nov.

in the Mediterranean.

PLANES SHOT DOWN

Addis Ababa, Nov. 6. The Ethiopians claim to have brought dowá“ two Italian-nero- planes in the Webbe Shibeli region.

Reuter

ALREADY, IN MAKALE

Rome, Nov. 8. Italian reports from Asmara state that native troops, actually u small patrolling force drawn from Raя Guisi' warriors, entered Makale at 11 o'clock hat right,

They were given a friendly re- ception by the inhabitants and met

the. with no opposition from Ethiopian troops.

ex-

The Itakan regulars are pected to enter the town to-morrow when, according to Lavoro Fascista, selenin religious ceremonies are being prepared by the churchen- Reuter.

IN MAKALE

Rome, Nov, 0.. A message from Asmara says of the regiment an Italian Gavignana division has entered Makale.-United Press.

NEW BRITISH CAPITAL

London, Nov. 6. For the first ten months of this With rain temporarily halting year, now capital issues totalled the the Italians advance in Ethiopia,

£169,000,000, compared with under subject of penalties in actually pushed China off silver. War, will, when returning home,

interest has centred upon Europe $124,000,000,

£113,000,000 and accordance with the laws govern-logists of the American polles said Mr. Swanson, visit Iloilo,

contending that China's troubles Davao,

Mayor, where Britain is showing increas

In tho Guam, Wake, Midway are Internal, while critics Insist that faland, Honolulu and Bito, arriv

Mr. Angelo Rossi, was re-elected ing signs of preparing for trouble £98,000,000 respectively The proclamation assures the

corresponding periods of 1934, 'majority.-Unitrá Francisco in mid- pubne that the Government will the American policy is chiefly resing at San

ponsible.

December. He will be the first)

Britain's appranch to Signor 1933 and 1932-British Wireless. hot resort to inflation under any The United States Government member of the

Mussolini, made by Sir Eric Drum- U. S. Cabinet to circumstances and the issue of has not so far received any com-visit- the Pan-American Airways

mond, the Ambassador at Rome, Ini and the Britlah Ambassador in Tho notes will be supervised by "munication from American banking ports of call.

Hyde Park, Nov. 6.

may be interpreted to mean that Rome, Sir Erle Drummond. Special Reserve. Board to be com- and other interests in China scek-

Friends of President Rousevelt Britain is anxious to avoid a clash discussion is understood to have therefore

the desiru, which is and must

persuade related to posed jointly.of representatives of the public and of the Government,g assistance in protecting any Asiatle Fleet units will be as-

say he is not worried over the out-Mussolint to withdraw his armies strongly entertaincil on both sides. silver stock they may own.

sembling at Manila for the Com- the foreign affairs of the United come of the New York elections. from Libya; but another inter- to effect an Improvement in senti- monwealth inaugural ceremonies. States in times of international He is pleased at the total Do -United Press.

LONDON SUPPORT?

♪

It is noteworthy that the un-i nouncement makes no mention of the stabilisation of the Cantou dollar in terms of foreign . ex- Financial observers feel certain change, but the direct circulation that some financial support abroad of Hongkong currency in domestle presumably London, was arranged transactions is strictly prohibited. prior to the nationalisation an- --Reuter Special.

nouncement, but it is felt that any foreign-lonn, unless very large, can be adéqunte for only a short period, and the pressure on currency mky Become too strong unless an equilibrium in the way of interna |tional paymenta la effected soon..

The Journal of Commerco, in commenting on the situation, says:

Mr. Swanson added that all the

NEW RECORD AT BROOKLANDS

OVER 82 MILES AN HOUR

London, Nov. 6.

"

HEARD IN HONGKONG

Hongkong listeners heard Mr. Cordell Hull early this morning.

PRESIDENT PLEASED

disturbances.

Britain Is convinced that a clash in the Mediterranen. The suggestion is regarded by mocratic vote, which shows nearly Dretation is also possible: that ment arising from the situation 600,000 plurality, which is 100,000 is inevitablo and is justifying It is emphaalsed in London, that Home observers as paving the way greater than in the 1934 landslide, her own position in advance.

The conversations are at a quite for n request to the next Congress

There is no sign that either preliminary' ataga and in vlow of. by the Administration for more The President is likewise pleas

the reciprocal wish for satisfactory far-reaching but 108A rigid ed that in Philadelphia the De-Britain or Italy le yielding, neutrality laws than at present.mocrats were defeated by only Sir Enic Drummond contends progress, it is likely that further | Reuter,

47,000 votes, it being pointed out that more Italian troops must be talks between the Ambassador and that Mr. Roosevelt himself lost withdrawn from Libyn before the the head of the Italian Government- their will take place as oppportunity достелни Phlladelphia by 100,000 in 1932.— | British con

| occurs-British-Wireless. Mediterranean strength, United Press.

Mussolini's spokesman has been.

RENEWS EFFORTS at pains to deny that Il Duce has

..

Paris, Nov. 6. expressed willingness to withdraw another division.

M. Pierre Laval,.the French The British Cabinet is in special Prime Ministor, has renewed his Hession-United Press.

mediation efforts, conferring with Signor Corrutti, the Italian Am- bassador, and Sir George Clark, the British Ambassador. It is understood they discussed the Mediterranean situation primarily.

United Press.

"I conceive it our duty and in

· MONTAGU SILVER REPORT

London, Nov. 6. Megura. Samuel Montagu and Company, In their silver report for the past week, say:-

Until November 4th., the price

Mr. BO. Shuttleworth, driving the interest of this country and sident in directing the foreign affairs of the nation In for cash was unchanged at 29.5/16, "It would be a characteristic next an Alfa Romeo car, to-day broke its people, to remain aloof from

times. of International disturb purchases for the account of the atop in the farcical allvor comedy the mountain lap record at Brook- the disputes in which we are not ancca. American Treasury continuing at to have the United States buy a onda. His time was 61.38 seconds, directly concerned but also to "Our foreign policy would in- this price. Owing to forward large amount of silver from China, which is envivalent to an average ung our Influence in any appoi deed be weak if it began and end-

priate way to bring a peaceful Bales by China, the difference with a view to helping her to speed of 82.06 miles an hour. ** betwoon the two quotations, i.0, balance her payments during the

The record was recently raised settiomont in international dif-ed with the announcement that we

In an forences.

had adoptou a strictly neutral spot and forward, has widened crucial transition period while by Mr. Raymond Maya

"I want to plead for much wider position on the outbreak of foreign considerably, silver for two turning to a managed paper cur- E.R.A. car to 81.28 miles an hour.

(Continued on Page 7.) rency tied to storling."Reuter, -British Wireless,

dlacretionary powers for the Pre-wars," he said,

FURTHER TALKS?

London, Nov. 6....... Reports have reached London of the Interview which took place {yesterday between Signor Musso-