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THE HONGKONG TELEGRAPH. THURSDAY, NOVEMBER
ON ROAD
TO QUICK RECOVERY
WANG CHING-WEI IMPROVING
LIFE IS NOT- IN DANGER
AMERICAN
POLICY EXPLAINED
POWER TO DEFEND WORLD PEACE
BUT WITHOUT FIGHTING
Washington, Nov. 6.
The American policy of using appropriate influence to call a halt
1935.
DEMOCRATS
STILL STRONG
TAMMANY RETURNS. TO POWER
ROOSEVELT NOT
DISTURBED...
New York, Nov. 6.
in the elections in New York
Nanking, Nov. 7: Mr. Wang Ching-wei's condition is fast becoming normal, says 10 foreign wars, while still keep-State, the Democrats secured statement issued by the Foreigning out of them, was enunciated by 600,000 majority on the popular Office Inst evening.
Mr. Cordell Hull, the Secretary of vote. However, the Republicans State, in a nation-wide broadcast elected 82 and the Democrats 68 to-night. He explained the United Assemblymen. Tammany has re- Italo-turned to power, having elected States' neutrality in the
twp Congresemen and ousted Ethiopian dispute.
Mr. Wang thinks that, as a re- sult of the efforts of surgeons to save his life, he is now out of danger. A statement to this affect will be inserted in the advertising columns of the newspapers to-day, The statement, which has been dictated to Mr. Tseng Chun-min, Vice-Minister of Railways, ex- presses gratitude for the sympathe- tie concern shown by Mr. Wang's many friends, and says his life is no longer in danger, but he regrets his enforced idleness during his illness.
Reuter.
of
At the same time he pleaded for thirteen Fusionist aldermen, be-
for sides winning all the
County wider discretionary powers President Roosevelt in directing offices. the foreign affairs of the United In Philadelphia, the Republienu, States in times of International Mr. Davis Wilson, defeated the disturbances,
Democrat, Mr. John Kelly, the Mayor, by 40,000 votes, this being one of the smallest Republican victories in ifty-six years.
The suggestion is regarded by some observers as paving the way for a request to the next Congress by the Administration for more
In Massachusetts, the Republi- but lear rigid far-reaching
cans Work all the municipal neutrality laws than at present-elections, while in Detroit Mayor Reuter.
Couzens was re-elected by a four- to-one majority.
Minister Dr. H. . Kung.
HEARD IN HONGKONG Finance, is acting President of the
Hongkong listeners heard Mr. Executive Yuan at present.Cordell Hull early this morning.
"I conceive it bar duty and in the interest of this country and its people, to remain aloof from the disputes in which we are not directly concerned but also, to use our influence in any appro- printe way to bring a peaceful settlement in international dif- ferences.
CANTON DOLLAR
SLUMPS
(Continued from Page 1), trol announcemení, the financial market here has been thrown into a chaotic state,
In Virginia, the Democrats re- istered a complete victory, and
in Scranton. Pa., the Democrats won the Lackaïvanna county offices for the first time in 25 years.
In Cleveland, the Republican, Mr. Howard Burton, defeated the Democrat Mayor, Mr. D. Miller, the Republicans while in Ohio olected 91 Mayors and the Democrats 61.
"I want to plead for much wider
At San Francisco, the Mayor, discretionary powers for the Pre-
directing the foreign Mr. Angelo Rossi, was re-elected sident in affairs of the nation in by a 37,357 majority-Unitel times of international disturb- | Press, ances.
All Chinese banks are finding it impossible to carry on business and
"Our foreign policy would in- have temporarily closed their doors. deed he weak if it began and end- Meanwhile, there are no quota-ed with the announcement that we tions of Hongkong dollar ratea had adopted
a strictly neutral here, though the demand for Hong-position on the outbreak of foreign kong currency is reported to be
wars," he said. tremendous,
The Bankers' Association ia holding an emergency meeting to discuss the position, particularly the question of turning over their silver boldings to the Government. They are very bath to maite any such move-Reuter Special.
H.K. SILVER AT PREMIUM
Continued, froni Page 1)
to
PRESIDENT PLEASED
Hyde Park, Nov, 6. Friends of President Roosevelt say he is not worried over the out- comp of the New York elections, He is pleased at the total De- mocratic vote, which shows nearly 600,000 plurality, which is 100,000 reater than in the 1984 landslide. The President is Bkewise pleas- ed that in Philadelphia the De- mocrats were defeated by only i 47,000 votes, it being pointed out that Mr. Roosevelt himself lost Philadelphia by 100,000 in 1932.——
REFORMS COMMAND
The value of Hongkong notes in terms of Canton dollars has been these countries are concerned, an- soaring for the last two days owing other amazing contradiction be-United Preak. to fears that the Canton Govern- comes evident. Since Hongkong ment would follow Nanking's dollars cannot be exported
As far a currency action. It is expected | Australia their value, that the vaina, at Honebang patani that country le concerned, is--the
rate. But defaré will rise further to-day. Last! exchange evening, the premium on Hongkong "chop" the coin and it immediately dullar bad reached the record of increases in value from 18. 641. 62.3 cents on every dollar.
to 25. 0%-from exchange value to silver value.
PROCLAMATION
nr
SUPPORT
Continued from Page 1.).
Present Hongkong regulationsly believed that such a Moncurr prohibiting-the export of silver-ap-was opposed by Japan-United "The tanton Gavernment's omelarply only to Chinese coins and silver-ress. pruclamation declares that the that has been melted down in the "silver situation" has made Colony. But the Government may adoption of ban the export of Hongkong coin- measures to control China's age, otherwise the Colony must sooner or later be totally denuded The proclamation declares that of its currency.
necessary
currency.
the
8 from to-day, November 7, silver | In this case, unless specific pro can no longer be used as currency vision is made. "chopped or do and the public will not be allowed faced dollars will be at a premium to hourd silver dollars or bullion with respect to actual legal cur- under subject of penalties in rency. accordance with the laws govern- ing acts of treason.
The proclamation assures the public that the Government will not resort to inflation under any
LAW ON "CHOPPING" Under the British Dollar (Chopping) Ordinance of 1895, a Hongkong dollar defaced by stamp ing thereon any name, or word. circumstanets and the issue of notes will be supervised by shall no longer be legal tender.
or mark, or by cutting, or punching. Special Reserve Board to be com- pused jointly of representatives of the public and of the Government,
Thus, if Hongkong prohibits the export of its legal tender, specula tors can get over the difficulty,
STILL UNCONVINCED
Tokyo, Nov. 7. Despite denials from Britain and China Japanese newspapers con- Linue to express the belief that some credit arrangement has been concluded, otherwise it would be impossible for the Nanking Govern- ment to enforce its currency re- forms, nationalising the silver of all China.
The British Ambassador nt Takyo visited high officials of the Government Wednesday, and follow- reports now agree that Sir Robert ing the usual officin silence press Clive denied reports of a British loan.
Nippon Dempo's Nanking car- respondent said the Chinese officials hnd publicly denied the report of a lonn, though privately some assert- ed that they holleved the reports
were true.
The Shanghai correspondent of the same service says the Chinese. through Mr. T. V. Soong, first ap
It is noteworthy that the an- exporting chopped dollars, which nouncement makes no mention of are not legal tender. the stabilisation of the Canton
To deface a Hongkong coin is a dollar in terms of foreign ex-misdemeanour, punishable by fine change, but the direct circulation or imprisonment. But Govern of Hongkong currency in domestic ment would have great difficulty itproached the Japanese cotton apin- transactions is strictly prohibited. ringing home such an offence. -Reuter Special.
ning interests in China seeking a At the present time, defaced | Ioan. After failure in that quarter dollars, which are ordinarily sold at he attempted to obtain a loan of a discount are at the same premiums:30.000.000 (Chinese as undefaced coins, due to the fact from the British-American Tobacco currency) that their silver value is the same. Company, and failed again. Then Mr. Saong approached Str Fro- derick Leith-Ross, preposing a loan of approximately £10,000,000, with railway revenues as security.
MONTAGU SILVER REPORT ·
London, Nov. G. Messrs. Samuel Montagu and Company, in their silver report for the past week, say:--
B
A reunion dinner of all officers Until November 4th, the price and ex-officers who served with or for cash was unchanged at 29.5/16, were attached to the ..C.. the purchases for the account of the RN.A.S, or the R.A.F. during the
The Shanghai report adds that American Treasury continuing at Great War, will be held in the the plan included the creation of a this price. Owing to forward Gloucester Hotel on Saturday, Nov- special committee to operate the. sales by China, the difference ember 9, at 7.45 pan. Further par- railways, with high. British ad- between the two quotations, ie, tarv. Mr. G. E. Moore, care of the is said to have agreed to the plan, ticulars may be had from the secre- visers. Sir Frederick Leith-Ross spot and forward, has widened PW.D. considerably, silver for two
but on account of possible chine months being quoted at a discount A Bazaar, in aid of the Building Lions from other powers is alleged of 7/16 on two occasions.
Funds of Holy Trinity Church, Kow-to have arranged credit from There was a temporary improve- loon City, and Tri Pung Gospel Hall, private contracts between the ment in prices on November 4, off Blas Bay, will be held in St. Central Bank of China and three but the Amorlean Treasury did Andrew's Church Hall, Kowloon, on British banks, which are unnamed. not follow the rise.
Saturday, November 0 irom 11 .m. to
It is understood that Sir Robert Regarding the new schemes terested are cordially invited to p.m. Friends and all who are in-
Clive explained to the Japanese bearing on the silver market, on
Government that the fact that the the day the news was received
British bunke in China favour the pricos rose above the American The Second of the monthly games financial and currency reform and level on Indian bear covering, afternoona organised by the Kowloon are willing to co-operate; has caused which appars to indiente a feel-1 Women's Charity Fund will be held in misunderstanding and the mis- lag of uncertainty..
St. Andrew's Church Hall, Nathan leading reports which have reached It is possible that any immediate Road, Kowloon, to-day at a p.m. Japan.-United Press. effect has been largely discounted Admission 50 cents. Good prizes. All and much depends
ladies will be welcome. on the uar which the Chineso Government may have to make of silver it con-
The Management of the Hongkong] trols and any reaction. In the Hotel advises that permission for an
extended night Amorican Government's policy res yember 9, having boon obtained, dan-
on Saturday, No garding aliver, the latter remaining in the Grit Room will be con- ing a dominant factor-Reuter. tinued until 2 a.m.
attend.
re-
Messrs. Bertumin and
Polis colved the following quotations from their Manila. Agents this morning: Benguet Consolidatods. 10.30 sellers; Brulo Golds. 10% bavers und 11% Antamoks. 70 huvers and 31 zollera: nollers; Gold Itivars, 41. Buyer
sojlora,
ALHAMBRA
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Lady Eleanor Smitlis Epic of the Circus!
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