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The
FINAL EDITION
Conf
Hongkong Telegraph.
SINGLE COPY 10 CENTS
FOUNDED 1001
No. 18427
五拜望 號八十月正英港香
FRIDAY,
JANUARY
28,
1938.
日七十月二十
$30.00 PER ANNUM
SEEKING
HOPES FOR HELP
FROM GERMANY
AND
AMERICA
Fears Foreign Capital Inroads in Manchukuo
Tokyo, Jan. 28:
Mr. Shinji Yoshino, Minister of Commerce and Industry, announced in the Diet that he would negotiate reciprocal trade agreements with the United States and Germany. He declared that with every market of the world enclosing itself within high tariff walls, Japan had no alternative but to conclude barter agreements.
According to semi-official sources, market progress is being made by Mr. Yoshino's subordinates in the preparations for the establishment of an Economic Affairs Bureau within the Ministry. It will be staffed by officials of the Ministries of War, Navy, and Commerce and Industry. The Bureau will devote attention to ensuring the smooth distribution of munitions and war materials.-Reuter.
JAPAN TO AID ECONOMIC REHABILITATION
Tokyo, Jan. 28.
Special semi-oftelul concerns will be organised by the Japanese Govern- ment to parilelpate in the economic rehabilitation of Central and North China. Such firmy, the Foreign Minister, Mr: Kok! Hirota, revealed to-day to the Diet, would be charged with the tngsle of carrying out plans economic Co- for Sino-Japanese operulion.
It is stuted that no decision has yet been made by the Government of public regarding the operation utilities in China. These may either be managed by the State or by State- controlled private enterprises.
casure
Mr. Ilirota declared that a special effort would be made to development of publle utiles for the benefits of both China and Japan. Replacing the Foreign Minister on the rostrum, Mr. Kaya, the Finance Minister, said the Japanese Govern- ment would actively. assist the newly-established. Pelping regime in replacing the banknotes in circulation with the new currency,--Router.
CASE OF FOREIGN CAPITAL Tokyo, Jan. 20, The general and popular govern-
attilude
towards foreign mental capital investments in Manchukuo was expressed in the Dlet yesterday when one interpellater, Mr. Tanizo Koyama questioned the advisability
Kisuke of allowing Mr.
Ayukawa virtual monopoly of Manchukuo heavy industries.
Mr. Koyama recalled the famous Knox Plan during President Taft's administration when Messrs. Knox, Willard, Straight and Edward H. Harriman favoured expansion American Influence in the Orient, Including Mr. Harriman's scheme for the purchaser and control of all the Manchurian railways from Russin and Japan, which was almost success- ful, when Marquis Jotaro Komura, (Continued on Page 4.)
Thousands Die
In Shanghai
CHINA'S
ECONOMIC PROGRAMME
Lion.
National Defence Is Keynote Of Reconstruction
Hankow, Jan. 28.
NEW
TRADE
Fit
DUNLOP 90
PACTS
Statistics Show H.K. Cost of Living Increase
ROYAL SCOTS ARRIVE
Men of the Second Battalion Royal Scots.marched into the streets Here they are energing of Howkoux behind their nipera ye terday, from HM. Dockyard shortly after dry landed from the transport, Dunera.
Photo by Kwang Lam Studio.
M. VAN ZEELAND'S CURE FOR DEPRESSED TRADE WINS SMALL ENTHUSIASM
London, Jan. 28.
JAPANESE WHOLESALE PRICES
SUFFER SEVERELY Heavy Casualties In Wuhu Fighting Chinese Strike
At Fuyang
Tungchi, Cheklang, Jan. 28. Heavy casualties are under- stood to have been suffered by the Japanese troops during the recent engagements with the Chinese forces on the Wuhu front.
It is stated that several temporary feld hospitals have been established
by the Japanese at Wuhu to accom-
modate the large number of wound- e ofteers and soldiers. In one of
Central News,
them where are, as many us cou.-
Chinese Attempt To Recapture Fuyang
troops
Kinhwa, Jan. 23. Reinforcements crossed the Fu Chun River under cover of night last night to assist. the Chinese around Feyang, south of Hangchow, to launch a counter-pitensive on the city, which was again taken by the Japanese troops a few days ago.
The Japanese troops on the north bank used their powerful searchlights troop move- to defect the Chinese
on the Chinese batteries ments. south bank opened up and put them
Several big! out of conmission. fres Bared up on tie north bank as;
JUMP 27 PER CENT. OVER THOSE OF 1936
Food Prices Double in Two Years,
Official Figures Reveal
Supporting statistics published by the Telegraph earlier this week, the Imports and Exports Department has issued an official summary of wholesale prices in Hong- kong during the year 1937.
These official statistics show that the wholesale prices. of foodstuffs during the 'whole year increased by over 27 per cent., compared with 1936.
Foodstuffs costing 85 cents in 1935 cost, on an average, $1.36 last year, so that the cost of living has actually risen by over 50 per cent. in two years.
NINE DIE IN EXPLOSIVES FACTORY
Cause Of Blast May Never Be. Discovered
Beans which could be purchased for 70 cents in 1933 cost $1.45 last year. The quantity of beet pur- chasable for $1.28 in 1935 cost $1,45 In 1937.
This is how the wholesale prices have risen
EKIS
Wheat Flour
Quantities of Foodstuff Costing $1 In 1922
cost in.
cast int
1935
1937
73.
-$1.07.
.00
$1.41
Fresh Fruits
$2.01
$3.10
Lord
02
$1.48
Condensed Milk:
$1,03
$1.15.
Mution
$1.10
$1.03
Onions
.48
.04
Pork Potatoes. Poultry
77
$1.01
.60
$1,02
.86
$1.24
at
Rice (white) largest Sugar
Vegetables Vermicelli
71
$1.23
43
.02:
.46
London, Jan. 27.
the
a result of the Chinese shelling,
Six nuen were killed and about a dozen injured-nune seriously-in an The Japanese troops now station- The consensus of reaction to M. Paul Van Zeeland's ed at Fuyang are estimated at about explosion in the mixing house in
1,000 strong. They are strengthening blasting department of proposals indicates that much protracted-and-patient-their-defence works in anticipation preparation is necessary if any results whatsoever are to be achieved.
JAPANESE
of the difficultles are brought out CENSORS
ments.
recon-
STOPPED THIS TALE!
of a large-scale offensive.
counterexplosives factory in Britain Chinese
Ardeer in Ayrshire this afternoon. The enuse is unknown, and as all the Chinese guerilla troops continue to be active around Hangchow, Fuynng occupants of the mixing house per- Small parties of Japanese troops dare ished it may not be ascertainable...
British Wireless. not go to the countryside for tear of being suddenly attacked by the guerillas.
be guerillas, Suspecting them to the Japanese troops frequently shout down innocent Chinese civilians Central News.
Attacking Fuyang
It is understood the British Gov- National defence will hereafter be the keynote of China's economic re- ernment is prepared to play its part Dr. Wong if others will join In, in exploring the construction, declared
Minister of Economy, in an feasibility of a formal international Wen-hao,
with a Central News meeting, but the formidable nature aut by interview
48 for Agency representative yesterday.
National defence, Mr. Wong ex- typical newspaper comment, as
of for any example the impossibility plained, is Indispensable
modern nation in safeguarding her ciling totalitarian internal economy existence and territorial and adminis-with the international machinery of trative integrity, 11 the present free tracte, and also the difficulty of emergency time China should exert ensuring that any new international her supreme efforts in this connee-credits shall not be used for arma- It is generally emphasised that the Outlining the new economic re-
The following message from construction programme, Dr. Wong present problems cannot be solved in Shanghai arrived in Hongkong said that the following points will be classical economic terms, but
fundamentally political, though, as by steamer to-day. It is a emphasized in its execution:
(1) Industries for national defence the Daily Telegraph remarks in ex- Reuter despatch from Shanghai
posing the dangers M. Van Zeeland which was censored by the! Foreign observers (2) Scientific methods will be used may have evoked, will be to avert Jamnese military authorities. Japanese along the Tientsin-Pukow rallway will not try to push forther for the improvement of agri-them.
The News-Chronicle is the The message, originally handed
up the line until they receive rein- cultural production as well as
that 11 the dictators in at the Eastern Extension torcements for their recent serious the living condition of the opinion
not willing
part, farmers. (3) Native raw material and im- the democracies alone should follow office, Shanghai, on January 21, thrusts have failed to budge the sur-
proved technique will be pro- out the Van Zeeland plan. moted in order to reduce the! WASHINGTON CAUTION
and
Shanghai, Jan. 28.
the
will be promoted.
the market for the goods.
10-OPERATION ESSENTIAL
are
comment
to take
of
arc
in-
reads:
Shanghai, Jan. 28. Chinese reports state troops have succeeded in crossing the Chlentang River and are at present attacking Fuyang, 20 miles south of Hangchow. despite heavy Japanese artillery fire. Well-informed quarters deny the port of a fresh Japanese landing in
the Halchow nica.
belleve the
AVIATRIX HONOURED
Gold Medal For Jean Batten
NINE REPORTED DEAD
London, Jan. 27.
It was later reported that nine workers, including a woman perish ed in the explosions. The explosion wrecked many houses, and apart from the immediate area, people iving in the locally heard two tre-
dous reports at latervals of ten
minutes.
Terrified women und children rushed into the streets from shaking housea and saw the sky illuminated by a huge sheet of flame, followed by a huge cloud of smoke.
The cause of the explosion is not known.-Reuter Special.
BRITAIN SHOULD KEEP OUT
Sir Cecil Clementi Speaks His Mind On Far East Trouble
prisingly strong Chinese lines and have resulted only in "serious" The leader in this morning's North China Daily News states: "On Christ-Japanese losses-United Press. cost of production and widen A Washing message says that Mr.mas Day this journal had occasion! (4) Rural economy will be stabi-Cordell Hull, Secretary of State, has to refer to scenes of horror perpe-
until he hastrated at Nanking ufler the
occupa→ lised and commercial and In-withheld
paldation by Japanese forces. It was be- dustrial organisations placed studied the document. He
tribute to M. Van Zeeland saying leved then that the outrageous be- on a sound basis.
that he was making a valuable con-haviour of the Japanese troops was tribution to the problems with which the result of temporary indiscipline and the influence of blood-lust he had undertaken to deal.
This is contrary to the view of aroused by the heat of battle, and it
London, Jan. 28. Dr. Wong expreased regret that
would be hitherto economic reconstruction has some observers, who think that M.
was hoped that order
civilian
Briteln should keep out of the been confined to provinces along the Van Zeeland has made too light of rapidly restored, and the
Sino-Japanese dispute, declares Sir coast and the Yangtze River, An profound ideological cleavages be population of Nanking relieved from
London, Jan. 27, Cecil Clementi, former Governor of a remedial measure, emphasis will tween nations and point out that the the horrors they were muffering. It
in cannot meddle
The Royal Aero Club announces Hongkong, in an interview with the be laid on economie reconstruction in United States
was even suggested in some quar- which the southwest and the north-west. world distresses
ters that the Japanese were taking that Miss Batten, brilliant New Zen- Daily Sketch, linked co-separably
Having regretted the termination with internal He emphasized that close
revenge for the outrages of 1927. It land aviatrix, has been awarded the operation between the government policies. The American electorate is learned, with astonishment, how-Gold Meda of the International of the Anglo-Japanese alliance, and Federation for the ridiculed the idea that Singapore is a veto economic the
people is indispensable for would at present
ever, that these outrages have been Aeronautical auccessful execution of the
pro auccour to Japan and probably even continued Ever since the occupation greatest flying achievement in 1937. threat to Japan, Sir Cecil sympathises Twenty-two nations were repro- with the innocent sufferers of the gramme. Whilst the government Germany, and would possibly refuse of Nanking until the present. The The numbers of the abandoned should be responsible for mapping to endorse credits for the benent of abduction of women, rape and loot-sented at the Federation's conference, war, but says that China irriinted ing have been carried on with an The Royal Aero Club represented Japan for many years by a variety! dead in the streets of Shanghal are out general plans and supervising War Debt defaulters,
of incidents. Students of Chineso Increasing by leaps and bounds.
their execution, the people, should GERMANY WAITS FOR FRANCE industry which would do justice to Britain.
Miss Batten told Reuter that she history are also aware of one im- Many ore picked up every day by exert every effort in the work.
a more praiseworthy cause. A Berlin message says that un the Public Health Department
"Numbers of Chinese have been was naturally very delighted. Heuter portant factor, namely, that when- Hereafter the people will be en- coolles. They have been dumped in
all such authoritative spokesman wished the undertako couraged
and added stabbed with bayonets or recklessly Special atreels or alleyways, vacant grounds economic enterprises as nro within report and compounds and even private their ability and not in conflict with Germany will not place obstacles in shot, and I la callmated that more gardens.
the national defence policy, Dr. the way, but the next step rests with than 10,000 people have bech killed, Britain and France and not will some not even guilly of the trivial
When the present warfare is end- Although normally several hundred Wong revented. The government
offence of having the hardihood to Germany.
ed, therefore, it is probable that a country. corpsea aro abandoned cach
financial aid extend
In Paris, authoritative circles draw fight for their
solidarity will arise between Chinn within the Settlement mila the
advisability
This journal does not believe, to the
and Japan, particularly on foreign number is now out of all proportion. Foreign capital and technical co-attention
policies. If so, the cry of "Aala for Thousands are dying in a month, and
ment acting in unison, but political things occur by reason of any set
the. Asiatica" will grow more and left for the authorities to dispose of operation will be welcomed as usual, signatories to the tripartite agree and never has Belleved that these
the eminent economist Owing to the cold weather, which Central News.
more vehement. This adds point to circies emphasise that the political purpose of the Japanese high com problems are the prime factor existing manders, and prefers to think that
the need for an impregnable basa at in the situation.
these must deeply deplore what la
right-thinking The Dollar Steamship Line can- Singapore. There must also be co- Britain, France, In Rome the receptien to the report hoppening, A DAY is cold. As attention in at the pre-man; but that does not relieve the nounces that in future it will have operation between sent concentrated on a campaign of Japanese commanders of their im-eight instead of 13 ships in the fleet, America and the Netherlands, then self-sufficiency, M, Van Zeeland's perative duty of stopping these un-four of which will be operating on a no pan-Asiatic Power dare challenge contrary proposals Ate disapproved, ruly soldiers from further fandting round-the-world route and four on the Far Eastern right of Western
it the uniform they wear"—Reuter, the trans-Pacião: run-United Press. | civilisationiteuter.ne
month
in largely to blame for the deaths,
the bodies do not present
serious
may
necessary.
to
that
when
added.
health problem. The dead are main- REPORTS BICYCLE STÓLEN
ly refugees, beggars and poor people Konerally. A large proportion are Chester Chien, student, of Nathan children, victims of measles, dysentery Road, has reported to the police the and various infectious diseases loss of his bicycle from his residence „Viester,
1.It was valued at $24,sta
Bester,
success,
ot
DOLLAR LINE FLEET TO
BE CUT
San Francisco, Jon, 27
ever China has been conquered in the past (by the Mongols and Man- chus) she later absorbed her con- querori.
.56 -91.12- Linens, sult-lengths, blankets, and Bannels also showed appreciable in- creases in prlees compared with 1930 and 1937, the only textiles re- maining stationary being silk plece goods.
Woollen sultings and tweeds cost more than double the price ruling in 1935. Flannels jumped from $20 in 1930 to $27 In 1937. Blankets which cost $7.80 in 1935 cost $11.30 in 1937.
Everything cost the. Hongkong publle more last year, and prices in 1938 show no signs of decreasing
STRIKING INCREASES Index Agures of wholesale prices.
Hongkong
the compiled by (Continued on Page 4.)
STOP PRESS
(Further Stop Press News on Page 12.)
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