1935-12-12 — Page 19

U.S. PRESSURE ON CHINESE

FORCING RETURN TO

THE HONGKONG TELEGRAPH. THURSDAY, DECEMBER

GOVERNOR WELCOMED TO COLONY

COLOURFUL SCENE MARKS ARRIVAL

SILVER STANDARD? NEW G.O.C. ALSO

TREASURY'S POLICIES

INTERPRETED

London, Dec. 11.

America continued to play havoc in the London silver market, forcing it to abandon its custom of fixing its price only when all transactions can be arranged at one level.

The amount of spot metal offered was estimated at 6,000,000. ounces, but the American Treasury was ony pre- pared to buy 450,000 ounces. Sellers were all treated on a pro rata basis.

Forward offerings were smallish, since it was early made clear that there was hardly a chance of forward quotations being fixed. But it is understood that a quantity of forward- orders have been converted to spot sales:

The belief is growing in the City's best informed circles that the American Treasury's action is a definite counter-move against the recent decisions of the Chinese Government to demonetise silver, which frustrates America's proclaimed alm to raise the purchasing power of the silver countries.

It is therefore regarded as signi feant that the American, Senator Thomas, whole-heartedly consented to the change of policy which, for the time-being, can only depress the in- ternational price tevel of the comme, dity dearest to his heart-Reuter.

WILL CHINA RECONSIDERI

New York, Dec. 11. With the Treasury remaining silent, speculation continues with regard to the American Government's Inten tions in connection with silver and the impasse in the London market.

Wall Street experts believe the

U. S. FARM INCOME

NECESSITY OF TRADE EXPANSION

Treasury will continue to take silver, LIMITATION OF

though in moderate amounts and at lower prices,

At the same time there is some confecture over the possibility that China may reconsider her recent monetary, mensures and continue to use silver to some degree as a cur-

rency.

_CROPS

Washington, Dec. 10. Me. Henry Walace, the United States Secretary of Agriculture, in There are Indications that Washing without foreign trade, the Depart- the annual report, to-day said that ton supporters of high silver prices ment of Agriculture must continue may reopen the fight to force the the crop limitation and higher agricul- Treasury to reveal its tactics and inture prices, with inevitable reper tentions, but it is considered a fore

cussions on gone conclusion that they will not

non-farm business. succeed.-Reuter,

Instead of limitation and higher prices, he recommended tower prices and a vast expansion of foreign trade. He pointed out that the United States must increase imports to in- crease exports which would create a surplus in another form, hence there must be a redistribution of income to permit consumers to buy the surplus. He admitted that there พรม np~ parently no method for the relia. tribution of income.

RATIONING SYSTEM?

London, Dec. 11. The disorganisation of the silver market, due to variation in American orders of the last few days, continued to-day and the market was flat at 27. There was no forward. quota- tion,

The difficulty of dealing with the

¦

large amount of silver may be over- Also he said that the 1995 farm come by a system of rationing-firi-income will amount to $7,800,000,000 tish Wireless.

in

U. S. CONTROL

as compared with $12,000,000,000-in 1920 and $5,347,000,000 in 1932. — Buited Press,

still carrying out their silver policy. -United Press.

STRUGGLE ANTICIPATED

Washington, Dec. 11. The chief Congressional silver proponents have hailed the deadlock the London silver market as a demonstration that the United States controls

the market and that ita manetary resources will prove in-

Washington, Dec..11. directty to be important as a politi- | The silver crisis has enused_a_re- cal influence in the Orient.

newal of the forecasts that the Gov- A source closely connected with

ernment's policy in this connection Sehntor Pittman's investigation' Com-will be a lively Senate issue when mittee to-n

to-day said that the manoeuvre Cangress reconvenes. was a conclusive demonstration to

that 'bo the smugglers of silver from China to Japan that the United States was nblo to ruin their business.

The theory continues to be held that in order to have absorbed Tues-

Senator Thomas asserts will sumuron an unofficial meeting of the Silver Bloc which he heads when the session opens to consider the whole situation.".

Asked whether his

committed or

day's offerings of 26,000,000 ounces the Pittman Committee would ask Mr.

the United States would have bet lienry Morgenthau, Secretary of the

required

'the

feared

to

£3,000,000, purchase

which

hich Treasury, to explain his course with the United States Treasury regard to thu London allver market

would K£31/ the pound and other situations, Senator Thomas

Rearing and upsetting the foreign said: "I am not interested in that axchungt stability. The Treasury because the Secretary of the Treasury chose instead to cease their purchases has no power to appear and you temporarily.

It is worthy of note that the United States Treasury insists that they are

cannot make him-and if he did conte before the Committes he would not have to answer questions."-Reuter

DAY BY DAY NEWS IN BRIEF

No MAN WAS EVER GREAT BY IMITATION,--Dr. Johnson.

ills Excellency the Governor has appointed Lieutenant (Local Captain) W. J. R. Cragg, 1st Battalion, the he is Lincolnshire Regiment, to Aide-de-Camp.

Ng Sze, widow, was fined $500, in default five months' hard labour, by Mr. W. Schofield. nt the Central Biagistracy this morning, for posse alon of 50 tacks of raw oplum at No. 96 Jaffe toad, third floor. The opium was found in a sultease.

with

His Excellency the Governur has appointed Mr. J. H. B. Lee to be hi Private Secretary.

Sir

It is notified that the Hon. Thomas Southern resumed duty as Colonial Secretary, with effect from

to-day.

The forthcoming wedding is an- nounced, of Mr. Chao Pan-lan, editor of the Wah Kin Yat Po, and Mias Wong Sau-noon, Secretary of the International Fine Arts Correspon dent Institute, of a Shiu Wah Fang. Ilongkong.

Charged with riding'a bicycle in

Charged with obtaining S by false Tam Rung Road, Kowloon City pretences from the Yan Hing floar yesterday without having the machine shop, No. 2 Cross Street, ground equipped

two Independent floor, yesterday, Au Ming, unemploy brakes, Mok Chin-wan, 20, clerk, was ed, appeared before Mr. W. Schofield,

sa Mr. W. M. Thomson at

by Mr.

the Central Magistracy this the Kowloon

Magistracy this morning. ing, and was remanded 24 hours lo Defendant stated that his front brake huble hies to raise the $3. Inspector had been stolen the night before, and Logan saki defendant went into the ho was taking it to be repaired when shop and ordered thirty sacks of ho was arrestel. Defendant further

flour.

fined

morn

alleged that he bad seen the constable, Lung show he was from the Wah 1 Victoriu Street, and B704, Ruken' Din, riding the bleyele asking that the flour be sent to this morning. Inspector Chester shop. He naked the complainant, Ho

MAKES LANDING

Colourful scenes, in which all sec- tions of the community united in a cordial welcome, marked the arrival of the aw Governor of Hongkong, His Excellency Sir Andrew Caldecott, Kt, CM, C..., this morning. Sir Andrew travelled in the P. & 0. liner Carthage from Singapore where, up to the time of his new

he had been Colonial Seruitment, His Excellency Major-General A W. Bartholomew,

anthon General Officer Com B.RE manding the Froops in China, travel. ted by the same heat from England, WOK officially welcomed nt 9.30 n.ui. when he disembarked From: Queen's Pier.

Sir Andrew was met on board by His Excellency the Officer Adininister-

the

Government, Sir Thomas Southern, attended by his AD. Capt. W. J. R. Cragg, and the Harbour Master, the llon. Comaunder G. F.. Hale, It.. (retired). The party board- ed the official Inunch, the Iritaania, and, escorted by police launches, ed the harbour to Queen's Pler.

A rate of 17 guns from the Royal Navy signalised His Excellency's land- ing.

cross-

WELCOMED ON Landing

On the pier waiting to welcome the new Governor were Lady Dreyer, Lady Southern, It is Excellency Admiral Sir Frederic Dreyer, Iliss Excellency Major-General

Major-Generat

His Excellency A. W. Bartholomew, C.B., GALG., CBEL D.SO, the new G.O.C. of British Troopa in China, who arrived in Hongkong from Home this morning.

-(Photo; Elliott & Pry, London).

Bartholomew, members of the Execu tive and Legislative Councils, Govern- ment oficiais, members, of the Recep- tion Committvé, Navy, Army and Air Force

the cere, and leading residents of The police had been early on the unauthorised persons Scene Lo from encroaching on to the Pier, A Guard of Honour drawn from the and the 1st Battalion of Royal Navy the

Lincolnshire Regiment was drawn up on the pier and imparted an addi- tionally colourful touch to a ceremony which was a precursor to the public reception to follow.

As His Excellency mounted the steps, wearing grey morning dress and grey top hat, the Guard of Honour was brought smartly to attention. Intro- ductions were effected as Sie Andrew smilingly went the round of the wel

Finally coming citizens.

Sir Andrew inspected the Guard of Honour and then entered his waiting car.

Excellency presented"

A police and a Volunteer Defence Corps motor cycle escort preceded the House where Hin car

to Gov

for the ceremony of

taking

Bath at 11.15 am. The route to Government House was fined detachments of the Royal Welch siliers, the

the

State Lincuirshire and the 1/8

Andrew Caldecott was unaccom. panied to the Colony, his wife remain- ing in England where she has been for some months. It is understood that Capt. Cragg will temporarily

act

as A.D.C. to the new Governor and on January 4 he is leaving by the trans- port Neuralia for India' with his "regi- ment; the 1st Battalion of the Lincoln- shire Regiment. Mr. J. H. B. Lee, private secretary, will get temporarily for the now Governor in this chnacity. Sir Andrew succeeds Sir. William Peel in the Governorshly, Sir William's retirement six months ago not coming into effect until the end of his leave.. His Excellency came straight from his Singapore appointment to take over

Woods stated thai defendant himself Chan, for his commission, and was and will go on Home leave In six

did

not seu the constable, but that given $3-ten conts for each sack of another Chinese gentleman, in Court, flour. The flour was duly sent to had done so. An official complaint the Wah Lung shop, which returned had been lodged, and the constable it saying that they had not placed any would be dealt with departmentally.

order.

months' time.

NEW G.O.C.'S ARRIVAL

The arrival of the new G.0.0. on

the same day as the new Governor

PROSPECTUS ALLEGEDLY FALSIFIED

ECHO OF MARKET'S COLLAPSE

THREE FACING CHARGES

London, Dec. 11. As a sequel to the pepper market crisis, Howeson, Binhlegian and Hardy re-appeared at the Mansion House Police Court to-day on charges of being parties making, circulating. and publishing a prospectus which was false in material particulars with relation to the public issue of shares in James and Shakespeare, Ltd.

.Defendants' counsel applied for permission to reserve his cross-ex amination of witnesses, because they had not yet discovered wint was the care for the prosecution.

Permission was accordingly granted. A chartered accountant then des cribed the dealings between Williams. Henry and James and Shakespeare, and stated that in June 1914, there were 'outsanding purchases by Will- lams and Henry of £400,000 worth of shellac. On September 3, 1934, there was an open position in regard pepper vatuer" at £1,000,000,

which was the amount Williams and Henry had to pay.

12, 1935.

RADIO BROADCAST

A STUDIO RECITAL

From Z. 1. W. on a wavelength of 356. metres (845 kilncycles):

5-6 pm. Hongkong Hotel Danco Orchestra.

6-6.30 jm. Children's Studio Con- cert.

G.30-7 p.m. Hongkong Hotel Dance Orchestra.

7-7.30 p.m. The New Mayfair Orchestra.

A Vision of Spring: Venetian Britelodin Nights; Hieland Laddie (Carruthers); (Selection of Britlali Melodies) (Humphries); Milestones of Melody,

Ter

7.30-8 p.m. From the Studio. A Recital by Mrs. J. Anderson Mil- Kulme, n.8.0 (Pianoforte).

(Soprano) and Lt. Col. C. H.

Programme

forto

1. Songs: Marienlied.

(Marx); L'heure exquiso (ahn); Die Sprede

(Mediner). 2. Pinno- Two Intermezzos (Op. Sulos: 118). (Op. 117 No, 1)... (Brahms) Replique Papillons from "Carnaval .... (Schumann). 3. Songs: Lullaby (Dellus); for a modern infant Passing by (Warlock). 4. Planeforto Goddess of Night .... (lowails); Solos: Dance for Harpsichord (Delius); Preato from Sonata Op. 14 No. 7

~~~(Haydn).

Stock Quotations,

8 p.m. Time and Weather Report.

8.0-11 p.m. Chinese Studio Concert.. 11 p.m. Close Down.

8.05-10 p.m. European

pro- gramme from ZE.K. on a fre- quency of 640 kilocycles.

8.05-8.22, p.m. Leslie Hutchinson at the Piano.

When the ense wan originally called last month, the prosecution counsel outlining the ease said that when difficulties arose regarding the 1. Kiss me goodnight; 4. Maybe financing of heavy shellac and pepper I'm wrong again; 3. I only have eyes commitments, in which the companies for you; 4. You and the Night and controlled defendants ere involv- the Music; b. Dreaming a Dream. od. they

conceived the iden of turning 8.22-8.13 p.m. Orchestral Music.. James and Shakespeare, then a

a private Carneval Overture (Dvorak, Op. company, into a public company. IL32): In the Steppes of Central Aria is alleged that they were using the (Borodin); Salut D'Amour (Elgar). money obtained from the public in 843-9 p.m. Vocal Gema. order to finance shellac dedis. Nothing Lilac Thue

(Schubert); Lily of had been said in the prospectus about Killarney (Benedict). sheline and pepper contracts.--Renter.

BRITISH WAR DEBT MESSAGE

་་

AMERICA ASKS FOR SETTLEMENT PLAN

(Special to "Telegraph"

London, Dec. 11. The British war debt to the United States, including arrents, will en December 15 amount to £116,000,000, nccording to a statement mado by Mr. Cordell Hull, U.S. Secretary of State, to the Brilish Ambassador Fri Washington, which is contained in a White Paper issued to-night.

Mr. Cordell Hull invited the Britisk Government-to-make- proposals--in regard to the debt, to which the Gov- ernment replied stating that it does not appear that circumstances have so changed since June, 1934, as to enable proposals to be submitted at present both which would be acceptable to Governments.

The re

reply

added that Britain would! bo glad to resume discussions when. over the eltuation warrants the hope of antisfactory results,--Reuter Special,

9-9.15 p.m. A Relay of the Daventry News Bulletin (Copyright by Fruter), 9.15-10 p.m. Variety and Dance Music.

Fox-Trot-Why stars come out at Night; Song-Why wasn't I told ("Over the Garden Wall") .... Bobby Howey: Vocal-Melody Trump

Four

Top

Aces; Fox-Trot-From the of your head ("Two for lo night"); Song Little Dash of Dublin (eg of Old Drury") .... Anna Neagle (Soprano); Songs-- Roll along Prairie Moon ("Hore comes the Band"); Red Sails in the Sunset Al Bowlly (Tenor); Fox- Trot-Way Back Home; VocalAll of a sudden

Chick Endor and

Charlie Farrell; Instrumental- Rollin' Home The Eight Piano Symphony; Fox-Trots-I'll never say "Never again" again; Footloose and Fancy Frea; Humorous-The Sun- shine Cruise... Cicely Courtneidge; Waltz-The Touch of your hand

Roberta").

10 p.m. Big Ben: Renter Pross Bul- letins.

10.10 p.m. Close Down,

ON MISSION OF PEACE

MR. EDEN DEPARTS FOR GENEVA

London, Dec. 11. The weekly meeting of the Cabinet was held carlier than usual today to enable Mr. Anthony Eden to attend before leaving for Geneva, where he the British Govern- will represent ment in the discussions on the Italo-

Ethioplan dispute tory of the Colony, His Excellency Major General Bartholomew took The immediate business taking the over his post immediately be set foot acting Foreign Secretary to Geneva

the in the Colony..

Senhor

Major General Bartholomew dia-Fightening of the committee of

Mr.

with

by

the

called by its Chairman, Vasconcellos, after several embarked from the War Department postponements, to give further consi- launch at 9.30 a.m., being received by deration to the proposal to extend the Brigadier F. S. Thackeray, D.5.0, MC, list of key products, the export of A.P.C., who automatically dropped the which to Italy is prohibited. rank of Major-General he had held ove

States. Covenant-enforcing

But, as whilst acting us General Officer Com- manding the Troups in China. With Eden reminded the House of Commons Jant night, in the debate on the Brigadier was Col. II. C. Harrison; the situation arising from the Parin D.S.O., 6.5.0.1.

No other officers were present but conversations, he will also be in touch representatives of other League of Honour was furnished by members, with whom he will hayo a Guard the 2nd Battalion, the Royal Welch discussions, and, in his own words, Fusiliers and was inspected by Ilis "seck with them to determine the. Excellency,

best course to

to further the pursue objectives which we have had con- stantly before us throughout these anxious months--the re-catablish- ment of peace and the maintenance SWEARING-IN CEREMONY of the authority of the League."

Meantime the formulae worked out The ceremony of taking the oath, simple but impressive one, was held in Paris a suggested basis upon to the dispute In the Council Chamber at 11.15 am. which the parties

The entire Executive and Legislative might get together to negotiato an Councils

30 agreed settlement have been sent to were present with prominent non-Government person representatives of the French and ages representing the Services and British Govoinments in Addis Ababa other bodies. The wives of officials and Rome, for joint communication were also prescrit, including Lady to the Ethiopian and Italian Govern

ments British Wireless.

ןןן

At 10 am, the new G.O.C. welcomed his official capacity, the new Governor

rnor with whom he had travelled from Singapore.

Southorn.

His Excellency entered the Council | Chamber at 11.20 nfter an inspection of the Royal Welch Fusiliers "Guard| of Honour in the grounds,

His Honour the Chief Justice, sirt Atholl MacGregor, and Ilia Honour the Puline Judge, Mr. Justice Lindsell, wore preceded by the Mace Bearer into the Chamber and the Registrar, Mr. E. P. H. Lang followed with the written oaths and documents to be sonled.

Everybody rone and remained stand- ing whilst His Excellency listened to the declaration of the Clerk and then recited the brief oaths of allegiance and office, His Excellency kissed the Bible on taking each cath.

Immediately after the last signature had been affixed a solute commenced firing from Flagstaff House. The Fusillers band outside played the. National Anthem and this concluded the ceremony,

Is Excellency shook hands with the Chief Justice, bowod to the com

made the occasion unique in the hispany and then retired..

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