1936-06-08 — Page 1

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Exclusivo Feature No. 2 |SELF-ENERGIZING HYDRAULIC BRAKES

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FIRST EDITION

Court

Hongkong Telegraph.

CHEVROLET

FOUNDED 1603

No 14018

一拜禮 號八月六英港香

MONDAY, JUNE 8, 1936.

日九十月四

Devaluation

Now Deemed

Inevitable

NATIONS AWAIT PARIS DECISION

GOLD BLOC EXPECTED TO

DISINTEGRATE

Paris, June 7.

The devaluation question overshadows all else in Paris.

However, M. Leon Blum, the new Prime Minister, has not indicated his policy in this matter, though he has announced reforms in every direction and three series of bills to accomplish his ends.

Devaluation, according to well-informed circles, is generally believed to be inevitable, and will probably start with one of two things: a gold embargo or inflation by printing money to the legal limit of thirty-three per cent. gold coverage, compared to the present sixty per cent. of coverage. Currency restric- tions are also considered likely.

Inflation by printing seems to be the most probable course, since it would then e possible to simultaneously enforce restrictions on exchange.

Seaport banks are doing a huge ex-

British Are with sterling anel converting them into gold.

change business. The

buying francs

AMERICAN WATCHING -----The-Unit44) States is closely, observ

ing events in France, in the belief that devaluation of the frane is cer Lain and abandonment of the gold United probable. The *tandard States has foreseen both eventualities. and American financial interests have put their affairs in such shape that they will have a safe breathing-spell in which to determine the immediate results without seriously suffering,

It is considered the French situa tion, with the labour unrest, is almost parallel to that in the United States when President Roosevelt was in- augurated, therefore M. Blum's steps to meet the exchange and gold situn- President tions may be similar to Roosevelt's.

America's chief concern is for the Dollar-Frane cross-rate, changes in which might seriously affect trade and finance generally,

Moreover, it is believed that de valuation of the frane must be followed by other gold standard na- tions.-United Press.

ANTHONY EDEN'S YOUNG SON

SILVER "BEARS" COVER

BUT FLUCTUATIONS

NARROW

NO REVIVAL OF DEMAND

Bombay, June 6, Messra. Merwanjee and Sons, in their silver. review for the week end- ing yesterday, write:-

SINGLE COPY 10 CENTS

$50.00 PER ANNUM

EMPEROR FLEES TO SAFETY ON BRITISH SOIL

FRENCH STRIKES TO END

AGREEMENT REACHED AT CONFERENCE

SEARCH FOR SETTLEMENT

Paris, June 8."

A midnight conference of em- ployers and employees' represen- latives reached an agreement to end the strikes which have paralysed the nation's indus- tries for the past week.

and

A compromise on the wage Union issues is now nearer-Beuter.)

BLUM PRESIDES

Paris, June 8:

The strike settlement reached at midnight was the outcome of a day. leng, conference at which the Prime Minister, M. Leon Blum, presided.

The agreement signed by the re- presentatives concerned provides for! à seven to teen per cent. increase in wages, a forty hour week, paid holidays and collective bargaining contracts,

It is hoped that the strike will be terminated throughout. Franco within the next forty-eight hours.-Router.

TRIUMPH FOR BLUM

Dignitaries welcomed Emperor Haile Selassic, to British-man- | dated Palestine when he was forced to flee from Ethiopia before Halian bayonets. He was treated with cordiality and sympathy by! the populace at Jerusalem, when he arrived from the port of Haifa, where he was conveyed by a British cruiser, HM.S. Enterprise. The same warm welcome awaited him later in London. Here he is seen, with members of his staff, arriving at Haifa.

PALESTINE PEACE EFFORTS FAIL

ARAB LEADERS VOICE

DEFIANCE

Jerusalem, June 7.

He

The Emir of Transjordania, acting as peace-maker in the Palestine disturbances, lunched at Amman to-day with five members of the Arab High Committee. suggested a cessation of violence in Palestine while the Royal Commission undertook to inquire on the spot into the Arab grievance that the Jewish immigration to Palestine had been such that the limit of absorption had been reached.

The Arab leaders replied that it was impossible to consider ending the strike unless the British Govern- ment agreed to change fundamentally its present policy and to suspend Jewish immigration.

In response to this expression of defiance the High Commissioner, Sir Arthur Wauchope, has taken immediate steps.

Paris, June 8, The success of the industrial peace) efforts is triumph for M. Leon Fluctuations were narrow and were

Blum, who has borne the burden of Auni Abdul Hadi, Secretary of the Seven Arab Jenders, including mostly accounted for by bears cover- the crisis from the first hour of tak-Central Strike Committee, have been ing. An undercurrent of uncertainty | Ing over the premiership. It was was nevertheless noticeable owing to revealed by the Minister of the arrested. They will be exiled to a con-

centration camp. A continued absence of any signs of Interior, A. Salengro, late last night. revival in the up-Country demand.

The import activity in London was attributed to covering operations in the local market and has further been instrumentai in depressing Rentiment.

Tho

up-Country demand has averaged about 130 bars of silver a day.

A surplus of about 10,000 bars, is now expeated after the June' settle-{ mont.

Shipments of silver afloat from London to Bombay at this week-end total £5,085,000,

This morning the strikers in Paris The Mayor of Jaffa has been warned alone numbered 300,000 and 250,000 that unless the municipality resumes more were out in the Department du work immediately, the Councillors will Nord. It is anticipated that all of be discharged and a new Council ap-

nce pointed-Reuter, these will recommence work at once in consequence of the agreement.

At Valenciennes an agreement ins MORE TROOPS ARRIVE

been reached in the metallurgical| industry, and 20,000 workers, oc- cupying 70 factories, are expected to start work forthwith.Router.

EARLIER EFFORTS

Paris, June 8, With the Prime Minister, M. Leon Blum, acting as mediator, the con-

workers ference' of employers and organisations reached a partial com promise.to-day in their dispute over wages and unions.

.:

The conference reached a partial settlement on the wager issue and tho; recognition of trades unions and work- shop committees.

Jerusalem, June 7. Another battalion of British troops) has arrived here from Egypt to rein. force the garrison in Palestine.

The garrison forces now total six full British battalions, in addition to the Tank Corps, Engineers and Royal Ale Force unita-Router,

G.O.C. BACK IN H.K.

The Incoming mail steamer is bringing silver to the value of £120,000 from London to Bombay,

The principal feature of the week was the sharp advance in July/August

His Excellency Major General A.W. Broch. The large short intrest be- The conference was unable to agree gan to exert itself when several pre-return to work of all employees and manding troops in China, roturned to on the employers' demand that the Bartholomow, General Officer Com- minent operators bought heavily, the ending of the strikes should be the Colony by the steamship Yochow {forcing shorta' to cover on expecta- | n pro-settlement condition. The

ITALIANS PARADE NEW ARMY

MECHANISED TROOPS MARCH IN ROME

HIDEOUS GAS SECTIONS

WORLD ANTI-WAR SOCIETY

CHURCHILL, HEADS. BRITISH GROUP

WIDESPREAD ORGANISATION

London, June 7. Mr. Winston Churchill, famous British politician, has agreed to become president of the British Section of the new Common- wealth Society, which aims at strengthening the League of Nations by creating an inter- national police force and an Equity Tribunal for the peace- ful settlement of international disputes

forty-five well-known members of all parties, Mr. Churchill declared that national law, supported by ample

Accepting an invitation aigned by

the alternative to the reign of inter-

a hourible war, and the probable force to make it respected, can only ruin of civilisation.

"Your task is beset with difculties understanding," he declared, "but we and is exposed to mockery and min- should

with faith." Thealth Society claims Great

an increasing membership in

Britain.

Groups have been founded in France, Germany, Holland, Hungary, Spain and Sweden-Reuter Special.

REFORM SCHEMES OUTLINED

TEN-POINT PLAN OF ACTION

BLUM'S. FISCAL SYSTEM

which marched through the streets week for workerk, vacations for am-

Paris, June 7. M. Leon Blum, French Prime Ministor, to-day 'Impliedly warned that he intends to remove all Fascist cavil servants. He emphasised the French desire for peaco and demand- ed

a halt in Europe's armaments race, Rome, Juno- 7. advocating consolidation of collective Men in hideous masks and shroud security

fnstead He announced that next wook he is like robes, standing 'motionican

in introducing ten most urgent reform. lorries, were a grim section of the bills. They include plans for a gen up-to-date mechanized army corps oral political amnesty, a forty-hour collective bargain- of Rome to-day to be reviewed by the ing contracts, King of Italy."

ployees, a public works programme, chemical warfare section.

They were a detachment of the the creation of a

nationalisation of the arms industry, wheat control bureau, raising the school-leaving ngo Their hands were encased in gas-

and reform in the Bank of France.

This latter monauro, it is proposed, ranged tubes and cylinders and other of national interest in the bank's paraphernalia of their trade.

management."

M. M. Blum plans to revise seated in

Twenty-five thousand troops repre- Pierre Laval's unpopular economy mechaniantion of the whole Italian

miniature the extensive decrces.

SECOND SERIES army.-Reuter,

A second series of bills will be in- troduced later, says M. Blum, with Nice, Juno 7.

the object of revising the unemploy Local estate to the value of $16,800 ment fund systom and pensions. They For the first time in history the famous Blue Train did not run to- at 8.15 a.m. to-day, states that there yuk, who dlod at 21 Yik You Street

The Manila Observatory, reporting was left by the late Mrs. Teui Kwan will also seek to provide farm rollef night, owing to a strike of the ema typhoon in about 128 Long, 21 Lat, on March 12 this year. From of simplification of the fiscal system and A third serica contemplates the will has been granted to Tevi Shiu-ki, tax reforms United Press..

tions of a squeeze. The rise was,ac workers' representatives are confer. / Seaterday from his tour of inspection proof gloves and by their sides were would guarantee a preponderance

centuated by higher New York ad- ring on this point at present but not in Shanghai, Tientsin and Peiping.

decision has been reached.

LL. P. J. Howorth, A.D.C., remained vices and further heavy buying.

Without awaiting the conclusion of behind for a short holiday, and Lt. Subsequently, rumours of liquidation

trado Kempthorne, R.W.F., is doing the by a leading bulk operator caused negotiations, Paris building

workers decided to strike to-morrow. duties of A.D.C. during his absence. sharp reverse, which was partially-Router. off-set by the recovery in the markets (-a abroad.

BLUE TRAIN STOPPED

Little Nicholus Eden, whose re- semblance to his father, Mr. Anthony was inactivo, with Indian mills Japan has bought fairly, China Edon, British Foreign Secretary, is curtailing operations owing remarkable, is here seen snapped at dificulty in disposing of their produc York Minster, with his mother. tton-Reuter Commercial Service,

!ployees of the siceping cars-Router.

TYPHOON WARNING

| moving north-west,.

You need

the SECURITY and

DURABILITY

of

DUNLOP FORT '90'

SEVEN BURNED

TO DEATH

TWENTY SERIOUSLY

INJURED

SAN FRANCISCO TRAGEDY

San Francisco, June 7. Seven persons were burned to death and twenty seriously in- jured in a hotel fire here to-day. The disaster occurred in the heart of the crowded boarding- house district and was prevented from spreading with difficulty.- Renter.

ST. LOUIS DEFEATS NEW YORK

SECURES HOLD ON LEAGUE LEAD

YANKS WIN IN 16 INNINGS

New York, June 7.

St. Louis strengthened its position at the head of the National League to day by defeating the one-time leaders, the New York Giants, six to three.

The Cardinals hit twelve time. against the Glants' best pitchers, and Collins clinched the game by amacking out a homar.

The Giants hit eight. Each team had one error.

Hoston has commenced to

climb naiz. The Braves stepped fast against the Reds, running up an eight- -run total on twelve hits, a homer by Lopez assisting materially. Cincin nati" could” only “score"thice" times"di fourteen hits. Each had one error.

Chicago Cubs, also challenging strongly in the last few games, won against the Brooklyn Dodgers, four to three. Each alde had sine hils. Brooklyn had two errors and Chiengo"

оле.

Pittsburgh Pirates scuttled Philadel. phin, six to two, in spite of ragged ffolding. They had three errors. Suhr hit a homer, however, and the ten hits yielded well. Phillen had one error and seven lits.

BROWNS SUCCEEDED

St. Louis Browns, tall-ending the American League, succeeded in bent- ing their rivals for this honourable position. They won nine to live against Philadelphia. Clift's homer turned the eight hits into a present- able total. Philadelphia also hit eight. They also had the best portion of five errors.

Chicago whipped Boston in a hard- hitting game, thirteen to fivo. The White Sox hammered out sixteon hits and were faultless in the field. Kreevich got a homer. Boston" hit twelve times and had two errors,

The New York Yankees won a sixteen-inning battle against Clove- land, five to four.

Ruffing and Selkirk won the day. with. bame, runs. New York hit twelve and Cleveland tent, and' the Yanks had one error.

Detroit took a close decision from Washington, ten to eight In the first of a double-header. Goslin hit a homar. There vera thirteen other hitters. Washington had thirteen kita and two errors. Reuter,-.

SCHARNHORST'S ARRIVAL

The N.D.L.B.8. Scharnhorst will arrive here from Europe vin ports at -10 pm. to-day (Monday). Sho wil sail for, Shanghai, Tsingtao, Yokohama and Kobo 11 a.m. Tuesday.

Polico Constablo C218, Wong Chung-tin, of the Hongkong Police Force, died in the Kowloon Hospital on Friday night. He was stationed at the Water Police Station

Three cases of Typhold and one case of Meningitis were reported to local Health authorities on Friday.