1938-05-05 — Page 19

THE HONGKONG

TELEGRAPH, THURSDAY,

MAY

1988.

FRANCE TO STABILISE CURRENCY

Devaluation Rumour Causes European Nervousness

American Doubt

Dissipated

Paris, May 4. Edouard Daladier, the M. French Prime Minister, in a broadcast to-night, announced that the franc would be stabi- lised. But he did not mention the rate.

JAPANESE SANCTIONS DEFEATED DEMANDED IN SHANSI AGAINST

JAPANESE

Guerillas Continuo To Harass Enemy Communications

Slan, May 4.

Further successes of Chinese

troops in Shansi are reported in military advices received here.

.

ngo.

After

The

nod

Chinese League Of Nations Manifesto

Hankow, May 5.

A bitter denunciation of the

AIR FORCE DISCUSSION IN COMMONS

Opposition To Seek More Details

London, May 4. Replying to the questions in the House of Commons on tite Govern- inent's aircraft expansion programme, the Chancellor of the Duchy of Lan

RADIO BROADCAST

His Hon. the Chief Justice On St. John Ambulance

LONDON RELAYS Radio Programme Broadcast by ZBW on Frequencies of 845 k.c's. 0.52 m.c's. per second.

0.03-11.0 Chinese Programme.

5.0 Relay of the Dance Orchestra from the Roof Garden of the Hong-

(a) So Many Memories; (b). A Fokgy Day; (c) Things are looking up: (d) Nice Work If You Can Get It. 5.15 Interval of recorded dance

caster, Lord Winterton, announced,ong Hotel. that he hoped to be in a position to make a comprehensive statement in the near future, dealing with many of the points raised.

In another reply regarding the scope and objects of the investiga tions by the party of curation ex- perts visiting the United States and not at present able to add anything The manifesto was issued this Cannin, Lord Winterton and he was morning, on the eve of the meat-o the full reply he gave on Tuesday theing in Geneva of the League of last week.

Nations Council.

abandonment of the principle of collective security and reversion A unit of 3,000 Japanese troops was routed by the Chinese at Pei-to the pre-war balance of power

and align

days tow tungchwang near Kaoping, in south through alliancos

ments is contained in lengthy Shansi,

wero surrounded Japanese

manifesto issued by the Chin- nil sides. attacked оп

cse League of Nations Union. eight-hour engagement, part of them brake through the Chinese cordon and fled. The rest were dispersed after further fighting. Six hundred

left un Japanese dead were battlefield.

the

pushing

M. Daladier said stabilisation

Chinese re now The would be carried out in agree-

loward Kaoping. ment with London and Washing-

Japanese troops at Wenshul on the Chinese ten, at a rate at which the franc

Fen River attacked would be safe from attack.positions on May 1. They were re-

pulsed with considerable losses, Reuter.

A thousand Japanese from Chang- chih, in south-enat Shansi, attacked at Lushan, In a bill position, by twe brigades of Chinese troops directions. They different from withdrew north-east after a crushing defeat-Central News.

"FIX" PREDICTED

Parla, May 5. According to Le Matin, the volne of the franc will be fixed by decrce the pound between 175 and 360 to

terling-Reuter.

178 TO POUND

Paris, May 5.

It is understood that the new rate of the frano will be between 177 and 178 to the pound sterling-Reuter.

AGREEMENT TO CONTINUE

Washington, May 5

Mr. Henry Morgenthau, Secretary to the Treasury, stuted this morning that the United States and Britain had agreed to continue the tri-partite monetary agreement with France.- Router.

EXCHANGE NERVOUSNESS

London, May 4. Unconfirmed rumours of impending devaluation of the French franc and the realignment of certain other major Induced considerable currencies, nervousness in the Exchange Market this afternoon, prior to the French Prime Minister's stabilisation state- ment

dollar

The

and The American majority of European currencies en- heavy Reiting fairly countered pressure.

On the other hand, bullion brokers reported a keen demand for gold. it is estimated that nearly £1,000,000 worth of gold has been acquired by Continental buyers since the ofeinl fixing, at prices up to 1399. 71/2d.-- Renter.

AMERICAN REACTION

Washington, May 4. American reaction to reports that the French Government was consider ing devaluation of the franc further, is understood to have been to urge retention of the status quo as long as possible.

At the same time, it is learned, hope was expressed that devaluation and that the might be avoided tripartite agreement would remain

intact.

some

were

news-

The Parliamentary Labour Party, in a published statement, has Inti- After recalling China's disappoint- mated that it proposes to raise the ments with the League since 1931,

House of Cominons at an early date. especially that organisation's hand-question of the air programme in the

Labby correspondents of Ing of the dispute between China and Japon, the manifesto declares that

papers also attribute to the berol China will not only seck the support Party the intention of asking for a discussion of the Air Estimates next of the League, but will attempt to further Augment st: power and Thursday which is the Supply Day allotted to the Liberal section of the I strengthen its authority,

Opposition.

another answer to-day In yet Lord Winterton told a member of about mass the House who asked production methods that considerable deliveries already have been made "Whether we are going to have of aeruplanes produced by methods approaching mass production. Large war or peace will hinge on the at-

scale production methods, he affirm- litude adopted by the Powers repre- sented on the Council," declares theed, were being applied as far as was

Opposition is voiced in the mani testo to the various schemes for re- organising the League, purporting either to limit its geographical scopa or its functious, or turn it into a European concern.

GUERILLAS ACTIVE

Chengchow, May, 4. Chinese guerilla forces continue to along the Japanese the baross Pelping-Benkow Railway.

On May 2, they descended on the Japanese at Tsingfengtien and Ting-manifesto.

"Will these Powers strive for the hsien stations, south-west of Photing,

Japanese successful establishment of collective and killed more than 30 soldiers.

security within the League or will On the same day, they destroyed they revert to the pre-War balance northbound Japanese troop train of power through alliances and align at Tsalsition station, about 11 kilo-ments?"

Tinghsten, metres south-west causing over 100 casualties. They lurge quantity of

inimes

seized ammunition.

un

ca?

A surprise attack was staged by members of the Chinese "Red Spear Society" on Japanese moving from the Peiping-ilankow Hantan. Railway, to reinforce units at Tom- southern Honan, BEAT in ing

between Hantan Chengas, midway and Taming, recently. More than 70 soldiers were Japanese Central News,

"We believe all those who uphold humanity, honour and justice cannot view with equanimity any penalty national being infleted upon the existence of Abyssinia,"

NO EXTRAVAGANT HOPES Turning to the dispute between China and Japan, the stalement de-

entertain ΠΡ extrava clares: We gant hopes, but it is the duty of the klied League of Nations to curb aggres-

sion and maintain peace.

CHINESE SURROUNDING PUHSIEN

Tungkwan, May 5

recapture of Fallowing the recent

and Chihsien in Yunho, Taning western Shansi, the Chinese forces Puhsien, surrounding now are south-cast of Taning, according to military advices received here.

"Even though present circumstan- ces prevent the realisaion of the re-

in contained

the commendations League of Nations' Assembly Report of 1033, and even though it is very dimcult to invoke sanctions, at least the League of Nations should make it its Immediate object to carry out the resolution adopted by the Assem- The main Japanese force In Shanstbly on October 6, 1937 on the busis is now concentrated at points along of the Report of the Advisory Com- the Chengtai and Tungnu Railway, mitteė." and is strengthening its defences.- Central News.

TRAFFIC ACCIDENTS ANALYSED

27

ዘር

27

Three people were killed and While it was believed further de-injured as a result of 51 street valuation would wreck this tripartite cidents in Hongkong last week, agreement, observers rather feel that substitute to proposals accept- able to France may be arranged by United States and Great Britain. the Should France impose foreign change control, as rumoured in some quarters, it is felt that control could be arranged in such a manner as to allow the continuance of the tripartite agrcement.--Reuter.

Involved in the accidents were private cars, 15 motor forries, seven public cars, eight motor buses, four tramears, six bicycles and one rick- sha

CX-

DOLLAR DEVALUATION RUMOUR

New York, May 4. Rumours hatt the American dollar might possibly be devalued were re- ceived quietly and in a Dow-Jones Washington it was message from

been learned stated that it had officially that no domestle betion was contemplated in current internalonal monetary discussions.

This message added that current iscussions relate solely to the French problem and its connection with the tripartite system.

Responsible British quarters de- clared this stalement of the position was substantially correct.--Reuter.

CADINET SUMMONED

Paris, May 5.

An unexpected meeting of Cabinet was called tila morning.

the

is understood the members discussed

the tripartile monetary agreement. of the It is believed modification

and if agreement was considered,

and conversations which the British French Ambassadors are at present holding in Washington are concluded satisfactorily, a big French national defence loan will be launched simul- taneously with a declaration by the signatories of the tripartite agree. mont-Reuter Bulletin,

STIRRING MESSAGE

Paris, May 4. Premier Daladler, in a radio brond- cast to-night, alluded at the outset of his speech to the settlement of labour disputes and big strikes in France through the goodwill of the ployera and workers.

cm-

the

In order to prevent a further intensification of the Japanese invasion of China, Members of the League of Nations Union, adds the, manifesto, have the "sacred duty of applying sanctions against the aggressor nation, and utthold- ing the territorial integrity of member nations."— Reuter

Special.

NEW A. D. C. PRODUCTION ON MAY 18

Another Treat Promised

Hongkong

Hongkong, always eager for A.D.C. productions, will see this talented Parish's "Dia- company in James

practicable and consistent with the bigh standard imposed by considerл- tions of efficiency-British Wireless.

RAIDER BOMBS CIVILIANS

Macao, May 4.

5.20 (a) Loving you; (b) Chinese music from ZBW. Laundry Blues; (e) Shadows on the (d) Honeysuckle Base. moon terval of recorded dance

5.30 muste from ZBW.

6.45 (a) Silhouetted in the moon-. light; (b) I'm like a fish out of water; (e) I've hitched my wagon to a Star: (d) Let that be a lessen to you.

6.0 StudioThe Children's Hour. 7.0 Chopin Nocturnes. Nocturne in F Sharp Major, Op. 15, No. 2; Nocturne in G Minor,

Op. 15, No. 3; Nocturne in G Major, Op. 37, Tho No. 2....Arthur Rubinstein (Plano).

Honour 7.18 Studio His Chief Justice Sir Atholl MacGregor Ambulance Speaking on St. John Association and Brigade.

7.28 Closing Inent Stock Quota- tions.

7.30 London Belas-At The Black Dog.

own

Mr. Wilkes nt home in his

Pascoe bar-parlour.Presented by Thornton and S. E. Reynolds.

8.0 Time, Weather and Announce- ments,

0.03 Chinese

Concert,

Programme Studio

11.0 Close Down.

Radio Programine

Brondenst by

Z.E.K, on a Frequency of 640 Kilo-

cycles.

8.03 Studio-Recital by H. Ozorio (Jazz Piano).

8.15 Sydney Gustard gan.

at the Or-

Grass- Musical Comedy Medicy; hoppers' Dance (Bucalosani): Teddy Bears Plenic (Bratton).

8.29 Musical Comedy.

Chu Chin Chow Selection (F. Norton)....Geumont Bilish Orch. cond. by Louis Levy; "Dollar Prin- ....Not Shilkret cess"--Medley (Fall)

A Japanese senplane released four bombs while flying over the north

8.45 London Relay-A Non-Stop and of Chungshan lo-day and the explo-And His Orchestra,

killing and Variety'. Of Song. Comedy sions resulted in the

Drama. wounding of a total of 20 persons in and Cheng of Shekk! the towns

The Three Herons, The Van Boys, (Just Fancy That'); Barry Peake, Chao.

Van Straten And His Orchestra. Pro- duction by F. H. C. Piffard.

The plane which had been making reconnoilring fights during the past few days in the locality, made its appearance at about 5.20 p.m. to-day over Cheng Tai, a small marketing town across the river from Shekki. It dropped a bomb upon a brick fac tory causing only a few casualties as the dinner hour had taken the werkruen away from the plant. The plane then flew lower and attempted to machine-gun the scurrying coolies, one of whom was killed.

Thereafter, the plane made for Shekki dropping three bombs, two without effect and the last destroy- ing the public tatrine at the Macao- Shekki bus terminus. Three buses

passengers were awaiting

badly damaged but the occupants had run for cover before the missile fell. One of the victims, a bus driver, was re- moved to Macao for treatment for strupnel splinters.

0.16 London Relay-World Affairs' A talk by H. Wickham Steed. 9.30 London Relay-The News,

(50- D.50 Senge by Gitta Alpar prano)."

Give My The Dubarry (From 'I Heart); I Give My Heart (From the Senato (From Twilight Film);" Charles B. Cochran's Coronation Re- Ont vue 'Home & Beauty'),

10.0 London Relay-Night At The Empire Exhibition'.

A microphone tour of the Exhibi- tion which was opened by his Majesty the King. Music, Interest, Laughter. The programme devised by P.I. Keith Murray. From the Empire Exhibi- tion, Glasgow,

19.50 Dance Musc.

Cocktail Swing; Blues In My Heart ....Nat. Gonella & His Georgiuns with vocal refrain; Slow Fox-Trot-

Chinese soldiers mounted machine-Old Pal Of Mine; Waltz Dance The

guns on house-tops and ineffectively fired at the marauder, which made its way southward to Its basc.. Our Own Correspondent.

Eire Elects Its First

tinguished Gathering" this month, President

Distinguished Gaelic Scholar As Head

Dublin, May 4.

Of the persons killed a Chinese male, 52, died from injuries received alighting from a moving motor bus.

A Chinese girl, 7, was knocked lorry down and killed by a moter when running across the rond.

was about 25, A Chinese male, knocked down ond killed by tramcar whilst walking across

The first performance will be given road.

at the China Ficet Club on Wednes- 10 Of the persons injured, were day. May 18, and further shows w!1! Friday and on Thursday, pedestrians, who were either walling follow or running across the road and were Saturday.

Reports

Auy that a particularly struck by vehicles.

One bus passenger and two bramcar strong cast, including passengers were injured while alight comers, has been chosen for this at-

and tractive three-art play, and perfor- Dr. Douglas, Hyde, the distin- ing from a moving mator bus

mances, capping the most outstanding guished Gaelic scholar, was to moving tramcara respectively.

One ricksha driver and a bicycle ADC. productions of the past, are day at the Government buildings rider were injured as the result of promised. vehicles. between a collision

Booking is now open at Messrs.in Dublin, unanimously elected One driver and five passengers of

Anderson Musle Co., St. George's the first president of Eire.

The simple ceremony lasted only a private car were injured when their

Building, lee House Street.

four minutes and was conducted in vehicle ran off the roadway.

col-

Gaelic. Of the 51 accidents, 16 were

22 were Ilsions between vehleles, colilsons between vehicles and pedes

to were due trions, and £1 cause#.

some RCW-

Potter American Losses he had received only one nomination

is

the French people. Our economy has drained its life-blood,

The state of the budget nevitably unbalanced, and Treasury needs are draining national savings, lowering publle credit, drying up credit and menacing the private Seed of our currency."

MUST HAVE SHELTER

Total Millions

In China War

New York, May 5.

China The Japanese invasion of has caused a direct loss of more than U.6.$150,000,000 to American com- merce and industry.

much

Moonlight Waltz With Me

...Man-

Lovani And His Orchestra with vocal Chorus.

11.0 Close Down.

Tells Of

Son's Guilt In 10-Year Old Murder

Walla Walla, Wash., May 5. J. M. McCauley, Warden of the State Penitentiary, has re- ported that Mrs. Mary Eleanor Meyer, 78-year-old woman con- vict, has admitted that her son, killed James E. Bassett, Annapolis Decasto Earl. Meyer, naval officer, in 1928.

Bassett disappeared on September 1, 1928 and Mrs. Smith and her son were arrested twelve days later with

slon,

Summit

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The Returning Officer announced

de- and accordingly Dr. Hyde was clared elected.

Replying, Dr. Hyde said: "I accept this office willingly, but humbly, and I shall do my best to discharge its duties." The President takes offer in a fortnight's time.-British Wire-ment. He was declared an habitual

REPUBLICANS FREED

Dublin, May 5

As a gesture of goodwill following Contingent potential lasses will the unanimous election of Dr. Hyde as President of Eire, the Government probably raise the total to a

has released six Republican prisoners, level..

one of whom was serving a life This

There are now no Republicans in veveral years.-Reuter Special. Custody in Eire for the first time in

M. Daladier emphasised the necesse estimate, based on damages to alty of fixing a monelary level which

sentence, American properly in Shanghai, in would finally shelter the frane from the attacks Inunched aganat it for jury to American trade and the of American Invest- depreciation menta in the Far East,, is made by Mr. O, D. Gallup, Secretary of the Export Managers' Club of New York.

United Press.

several years.

110

had

La

therefore decided stabilise the frane on a basis where it could be effectively defended.

This decision had been taken M. Daladier said that France's

within the framework of the Three- second problem was an external one,

which the and arose from the divisions of Power Agreement, to

French Government remained closely attached.

Europe which, instead of uniting, was unceasingly arming.

Painting "a grave situation which

Premier Daladier intimated that he could not be allowed to continue", would fix the now rate to-morrow, the Premier sald: "I wont to teli and it would not be superseded.

At the conclusion of his brandcast the country the truth, which is that our economy and hard-hit legitimate he urged that the country's savings

could to invested in national cue profts are tending to disappear and short-time unemployment is increas reney not only without Dhe fear of ing throughout the state. Our trade new devaluation but also with the balance te impoverishing us and our hope of a possible increased value production Agures are humiliating for of the franc-Router.

SHIPS IN RADIO. TOUCH WITH ILK.

The following abips are expected to be in wireless communication with Pluto, Gustav Diederichsen; Teton, the Hongkong Radio Station to-day: Rogzoveen, Holtas, Pres. Jackson, Empress of Russlu, Taksang, Tir-

Carthage. ranna, Teleno, Hawali Maru, Pingwo,

DOCK WORKERS

INJURED

A litter it Kowloon Docks, Leung Pung, was taken to the, Kowloon Hospitul lo-day hurt, when a heavy iron spindle, fell on him. He suffer- cd injuries to head and knees.

Falling from a crane at Taikoo' Dockyard, Yip Lol, 42, was admitted to the Queen Mary Hospital.

Locmimet 2

They were convicted of larceny of the car, and Mrs. Smith was sche- duled to be released from the prison next Monday. Her son, however, in serving a sentence of life,,imprison-

criminal when convicted mother-United Press,

with

·JAPANESE REPLY TO CHINESE CHARGE

his

Shanghal, May 5, iteferring to the Central News Agency report that a grenade thrown in Nanking Road on May 1, as well as shrapnel shell thrown at a Japan- cre navel party on the Bund, was morked with the Japanese name "Ishli,"

Japanese spoicesman pointed out this morning that the characters for "Ishil" were used by the Chinese Arsenal at Canton United PreOS,

the

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