1935-11-18 — Page 1

R

1

CHEVROLET

MASTER DELUXE:

SALOON

With built-in trunk' 26 H.P.19 miles per gallon

·TURRET TOP-KNEÈ· AČTION

DELIVERED PRICES

LONDON £325. VANCOUVER £252

HONGKONG

£ 236

FAR EAST MOTORS

CHEVROLET

26 Nathan Road, Kowloon Telephone 59101;

Dollar T

legraph'

Merchan Sri Korigin darning Fust, Ltd,

Low Water: 19.46.

The

FIRST EDITION

Labrayy,

Supreme

Court

Hongkong Telegraph.

POUNDED 1881

No. 14748

SILVER BOUND ΤΟ RISE

-ĦD WɅ+-+ MONDAY, NOVEMBER 18, 1935. 日三廿月十

SENATOR THOMAS'

PREDICTIONS

EXPECTS $1.29 PRICE

IN 18 MONTHS

(SPECIAL TO “TELEGRAPH")

(By Telograph. Copyright, Telegraphic Messages · Ordinance 1804. Received, Nov. 18, 0.30 a, m.)

Salt Lake City, Nov. 17.

Returning from Washington to-day, Senator Elmer D. Thomas, Democrat of Utah, declared that the price of American-mined silver would reach $1.29 an ounce within eighteen months.

He said: "The stage is all set for a rise in the domestic silver price due to Mussolini having called in all. Italian silver.

"China has nationalised silver and the United States has proved its ability to buy all the world's surplus.

"Our problem is to keep the world on a metallic monetary base, due to there being managed currencies elsewhere, which ruins our foreign commerce," he argued.

Ha declared that the reciporca) | trade agreements which were be ing negotiated now, were nezel- sary because a rigid tariff barrier was no protection against the de- preciated currencies of other nations-United Press.

BOMBAY SILVER

Bombay, Nov. 16. Messra, Merwanjee-and-Sous. in their silver review for the week erding_yesterday, write:--

After the short-lived arivance, owing to the embargo on the ex- ports of silver from Hongkong, the market became featureless for the remainder of the week. To- wards the close of the week a quieter feeling was in evidence owing to the commencement of the monthly settlement,

ELLIOT'S FIGHT NOT OVER

SOCIALIST PARTY PROTEST

ASKING FOR RE-POLL

London, Nov. 17.

With the succoea of the National Govèrumfat in the elections, it is anticipated that Britain's defences will be strengthened with the utmost rapidi tu. Picture shown a long line of tanks, at, Bazingato ke during the recent manoeuvros,,

TERMS OF CANADA- U.S. PACT

ALLOW EXTENSION OF COMMERCE

REDUCTION OF DUTIES

(Special to "Telegraph")

(ly Telegraph. Gopyright, Teleprophie Mega angst Ordinance, 1884. Received, November 18, 10 nm)

Washington, Nov. 17. The terms of the Canadian- American trade pact have been announced.

It is to run for three years at least, and may continue indefinite. ly, only subject to cancellation on six months' notice from one party or-tho-other-

Canada grants the United States concessions on 767 commodities. The articles are divided into four categories: first, the direct duty category of 180 items; second, the entegory on which is allowed the lowest rate of duty mow or hero- after allowed to any non-British Mr. Walter Elliot, the Minister country; third, the category on of Agriculture in the National] which relief from the Canadian With very little inducement in the news for carrying forward Government, may not yet be finish-system of arbitrary valuations for duty purposes, will be allowed; ball positions, the Indian Bazaarsed with the election in Kelvin fourth, the category which bene expect the quietness to Continue Grove, the constituency he nar-Ata commercial travellers, at least until the settlement 13 rowly retained for the Govern- tourists, and which allows Cana- mont in the general election. The dian visitors to America to bring The up-country demand hus Scottish Socialist-Party-has-de-back $100 worth of articles duty

Tree- averaged about 16 Bars of silver a cided to petition the Court of The American

Sessions in Edinburgh for, a re-which duties have been lowered include textiles, vegetables, fruit, and fish products, agricultural Kelvin Grove is a division of and industrial machinery, automo- Glasgow.

bilea, miscellaneous iron vid steel manufactures, olectrical

over,

day..

A surplus of about 36,800 bare poll. is now expected after the Settle-} ment on November 16th.

There is no silver afloat from London to Bombay at his week-| end.

The incoming mail steamer is not bringing any silver from

London to Bombay:-Reuter,

First Pacific Mail Flight CLIPPER TO LEAVE

-NEXT WEEK

Washington, Nov. 17.

Mr. James A. Farley, Post- master General, is departing next week to witness the Oriental- elipper's departure on her first fight to Manila.

tho

.

products

or

un

Mr. Elliot's first majority was equipment, milway equipment, announced as two, when returns | rubber goods, petroleum products,

miscellaneous showed that he had 14,231 votes chemicals, against his Labour opponent's 14, and paper manufactures.

229. The Liberal candidate in

wood

U. S. CONCESSIONS The United States has granted this three-cornered fight had 1,193. Canada concessions on fifty-three The recount, however, gave Mr. major items, totalling over 100 Elliot a majority of 140. Illa lasting livestock and cream, on which majority was 9,066,-Neuter.

WEIRD WAR DECLARED

BELLS TOLL TO SLEEPY CITY

tarif classifications, and includ-

JAPANESE RESENT REFORMS

SUSPECT BRITAIN ACTIVE IN CHINA

MAKING

THEIR

OWN PLANS:

(Special to "Telegraph”)

London, Nov. 17. The Japanese, it is reported here, are very resentful regarding the latest monetary moves in China.

They-insist that, firstly, Britain advised China to adopt a managed

JAPANESE TROOPS

CONCENTRATING

Reported Activity At Shanhaikwan

Shanghal, Nov. 18, The Chinese press, gives "con-? prominence tentration Japanese troops at Shanhai, kwan during the week-end. which is reported to be causing a large-scale, exodus of Chinese residents

|

HOOVER FORESEES INFLATION

CALLS FOR REVERSE OF POLICY

SILVER BUYING

RIDICULED

(Special ́tó "Talegraph")

New York, Nov. 17. Mr. Horbert Hoover, the former US president, addressing the Ohio Society here to-day, ridiculed the United States purchases of foreign silver. He said that. the nation had $1.80 gold for ench dollar of outstanding currency and additional metal backing was not needed.

He said: "Yet we bld up the price of foreign allver by 60 per cent. and buy vast quantities |which are no earthly use?"

SINGLE COPY 10 GENTE $16.00 PER ANNUM

DUNLOP FORT 90

This new tyre meets * the conditions pro- duced by increased car efficiency.

ITALIAN TROOPS "DIGGING IN"

ARMY AWAITING NEW COMMANDER

RUMOUR OF REVOLT IN ETHIOPIAN CAMP

1891.

(SPECIAL TO “TELEGRAPH").

(Bu Telegraph. Copyright, Tolographic Mensages Ordinance,

Received, Nov. 18, 0 a.m.)

Asmara, Nov. 17 “No important movements of Italian troops took place over the week-end.

Pending the arrival of Marshal Badoglio, the new commander-in-chief of the. Italian northern armies, who takes over from General de Bono immediately, the troops appear to be engaged in consolidating their positions and working upon the-improvement of com- munications. This work is made more difficult by the recent heavy rains.

It is reported that in view of the difficulty of main- taining motor transport, thousands of mules, camels and donkeys are being used to supply the front lines with food and water and ammunition.-Reuter Special..

CRISIS IN MEMEL AVOIDED."

GERMAN PROTEST

SUCCEEDS

BRITAIN'S WARNING

Kaunas, Nov. 17.

The threatened dispute between "The vast profit for foreigners upon that folly has already cost Germany and Lithuania is expect- is $250,000,000 and under theed to be averted by the decision of new economic planning we are the Governor of Memel to charge. going to spend $1,000,000,000 more Herr Baldaszas, the leader of the "WC can be certain that no United German party, to form the foreigner will buy back at the

new Directory. price we paid, eo we must either siphon the tax-payers pockets or have inflation."

DEMANDS REVERSAL

He did not give Irint ns to his personal plans, but at the same time he demanded a complete re- versal of the fiscal and monotary

Shanhaiwan and Chinwang-the nation is on the threshold

tao..

The Siu Wen Pau states that martial law has been declared at Shanhaiwan, where, according to another Chinese despatch, three Japanese warships. have farrived --Reuter":

of Japan.

CHANGE IN COMMAND

Agula, Nov. 17. Reuter's correspondent with the northern Italian army reports that word has reached the Italian command from native source to the effect that Ras Soyoum, now...... at. Ambaalagi. ls taking over the supreme command of the 'troops' at present under Rus Kazan, who has allegedly been under suspicion of having a leaning towards a peace with the Italian Revue,

Breaks With Roosevelt

FATHER COUGHLIN OPENS FIRE

(Special to "Telegraph”)

་ ་་ -།

Detroit, Nov, 17.. Although there were only five) Father Coughlin, in his weekly Lithuanian doputica elected to the radio broadcast to the millions now Diet against 24 members of who listen to him throughout. the United German party, the America, indiented that he had Governor first invited a Lithuanian definitely broken with President deputy to become President of the Roosevelt and the New Deal.

He said the Administration had Directory.

This was strongly opposed by the other in plutocracy.

one foot in pagan communism and considered one of their members to The Administration is opposed the United German Party, who

of devastating inflation," he should have the position of asserted.

President...

He proposed the re-establish-

There was cause to bellove that ment of a gold standard, "even on Berlin might intervene in the dis-snid. Ja new basis" He urged the re-

pen af: the President's power to pute, and Great Britain is known to have used her good offices to nate currency.

He défended his own Adminis-have been eluded.--Reuter.

avoid a crisis. This appears to

tration and claimed that the

is collapse was caused by the Federal Rezerve Indating bank crodits in quotas are fixed, above which the old duty is applicable. Lumber is currency, without the knowledge 1997, to which, he claimed, he included among these..

bitterly objected, "t Secondly they allege that Bri-Then "enme Newsprint and numerous fishery plans to assist China by font-

"the

placed on the free list.

Securred in 1931. He said that the The treaty contains clause domestic loan which is to

change.

inevitable

and mineral products and furs are tai,000,000 to 20,000,000 collapse in Europe, which oc safeguarding the prosenttise quoted on the London Stock Ex-United States saved the world

status of territories and insular

From chaos then.

Also he said that the New Deal's) The Japanese have said that possession of the United States they would favour a managed cur-potential inflation "is three ar in American markets, with an additional provision whereby the rency if it had a chance of sue-four times as great as that in United States can in futuro con- cess, which it has not, they be-1927."

"Likewise they claim that it

status" This reservation safe-"

lieve.

A

tinue to extend special advantages They have hinted as an alterna- can be controlled...but should to the Philippine Lelands, "irres tive that they contemplate to this political control fail, then He will speak briefly at the.

Geneva, Nov. 17.

pective of any change in political modernise China under their own this Democracy cannot survive the Alameda airport preceding clipper's take-off, after which he echoing through the city's desert- States in arranging a

Bells tolling at midnight and guards the freedom of the United tutelage, after which they could shock." he warned.-United Press.

strike will return direct to Washington, ed atreets, signalled the opening of commercial

balance of payments in through tho Improvements the strangest "war" the world has Philippines.

· Chinese Industries and increase in

ever seen.

The treaty further recognises exports-United Press. It will

be bitter economic the Cuban prufenential status. contest between Italy and Afty

JAPAN BENEFITS

-United Press.

"MANILA MAIL"

Chicago, Nov. 17.

treaty

future the with

Carrying mall addressed to members of the League of Nations, Japan automatically benefits by Honolulu, Guam and the whose "capital" is this old city. America's concessions to Canada, Philippines, a special "Manila' This is the first effort to halt duo to. her. "most favoured nation" mall fight will take place from the slaughter and torture of war status.

ELISSA LANDI BEREAVED

HOLDING COMPANIES DEFIANT

WHEELER-RAYBURN

ACT IGNORED? ́·

Washington, Nov. 17. There are indications that the

11

conception of social justice be cause it has gone on record 05 favouring

slave

wage," he

He charged the Government's communistie tendencies were in- disputable and saw In the com- munity housing projects and fedor- al farm colonisation plans, and [similar projecte, the lead Ju the way to "unadulterated communism and the destruction of private property."

T

He attacked the Democrats for reiterating their belief in under«, consumption instead of over- production as a cause of depress- fon. To alɛo assailed" - the "Re- publicans, xaying both parties were only interested in money.—— United Press.

Egypt Remains Peaceful

utility holding companies intend to ignore the Wheeler-Rayburn Ac dospite their stiff penalties, insomuch as they have so far fall POLICY HURTS CHINA

od to rogister.. Washington, Nov. 17. Mr. Hoover's attack in New York until the deadline on December 2

Fourteen, business days remain STUDENT DISORDER ton the United States foreign sliver and thus far only one small New purchnaos is regarded na the York Company has furnished its atrongest exposition yet made of registration. Several companies how the polley Injures China, have asked for oxemption whilö

Mr. Hoover's views also sharply the remainder remain silent, contrast with, Senator Borab’a

QUELLED

Cairo, Nov. 17. The situation in Cairo and the provinces is quiofor,

The only disturbance reported Hollywood, Nov. 17. presumed position foreshadowing The Security Exchange Commis-during the week-end occurred at Now York, Chicago and other by collective, peaceful economic However little significanico at- The death has occurred from a cleavage among the cxperts in slon has announced that it wilf Shibinolkom, capital of Minufiyn cities to San Francisco on Novem- and financial sanctions, Finan taches to this, inamuch as heart failure of Countess Caroline 1936. It is to be noted that Mr. remain open on Sunday, December, Province, where students mado a ber 21, connecting with the cint pressure, upon Inly will be Caradan and Japanese goods are Zanardi-Land mother of Elissa Hoover approves of special aid for 1, in hopes that the holding com half-hearted attempt to set fire to Clipper --United... Air Line-brought from almost all the world. genorally non-competitive. United Land the cinema star, at the the producers, while deploring the panies will register at the last school Police disparued, the do-

-United Press.

go of 60 years.--United Press.

United Press.

Presa.

(Continued on Page 7.)

minube.—United Prose.

} monstratore ----Røytoys