1938-05-06 — Page 15

SHIPPING STRIKE AVOIDED

Douglas Company Satisfies Demands

the Dougins steamer Haltan and the

THE HONGKONG TELEGRAPH,

FRANCE. SEEKS NO TRADE ADVANTAGES

BY DEVALUATION

London, May 6.

The dispute between officera of In a statement on the devaluation of the French Douglas Company, was settled yes-franc, Sir John Simon, Chancellor of the Exchequer, told terday evening, when negotiations, the House of Commons this evening that, in accordance which had been proceeding through- out the day, were concluded to the with the tripartite agreement, consultations took place The men withdrew their "quit between Great Britain, the United States and France

satisfaction of both sides.

notices" shortly after 6 p.m. follow-

ing receipt of a letter from the Com-early this week. pany, making clear the two or three polnis raised by the officers in their earlier communications, sent through the China Coast OMeers' Guild.

Beenuse of this, nil threat of the

Haitan being prevented from saiting for Swatow, was removed, and the vessel, after a delay caused by the heavy amount of cargo to be louded, left the barbour late last night

Because the men themselves were Ionth to take drastle action, overy

effort was made yesterday by their

representative to came to terms with the Company, and there was cruse for congratulation on both skies that this was effected

an hour

and quarter after the expiration of the men's notices to quit.

An earlier communtention from the Company was favourable for a set- tlement of the issue, but the officers required further elucidation on eer- tali points, une belog whether leave was cumulative.

Because it was impossible for the Company to consider the requests Immediately, there was some delay in the response, but a further letter

was sent on behalf of the men, who shortly afterwards received the assurances they desired The men expressed thanks 10 the Company and withdrew their notiers.

RECRUITING CONTINUES BRISH IN BRITAIN

London, May 5.

The total in lake of recruits for the Regular Army inst weet was 900, an increase of 531 over the figure for the corresponding period last year, und record for that week since the great war.--British Wireless

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In consequence of these conversations the French Government was informing Great Britain and the United States that France could not have maintained the franc at the old level and that she was contemplating a lower

rate.

The French Government had given an assurance that it intends to achieve a rate corresponding to the economic competitive trade position, and giving France advantage. Assurance had also been made that the present downward movement would be the last.

Britain and the United States had consequenty concluded that the nation of the French Government was not inconsistent with the tripartite agree- ment and the three Governmenia had considered that the agreement still continued in full force.

The Chancellor of the Exchequer added that Washington had offelaily and vigorously denied that the value of the U.S. dollar might be lowered. "Equally, we are not contemplating any adjustment to sterling exchange" Sir John concluded,

Mr. James Griffiths asked Sir John Simon to consider the effect devalua- tion of the frane would have on Bri tish export trade.

He asked particularly whether. during the last nine months, as a de- valuation of the frame. Welsh coal

was not being driven out of France. and replaced by German coal because the German subsidy was being offset against devaluation of the frane.

The Chancellor replied that the effect of these Things t external trade was always under observation. --RrRICT.

Reinhardt's

Old Schloss- Confiscated

Vienna, May 5.

It is officially announced that the State has confiscated Castle Leopold- skron, near Salzburg, home of Mux Reinhardt, to whom the Castle was presented by the Austrian Govern- ment.

The announcement was made in the Court at Salzburg during a suit for damages against Reinhardt by the owner of the Castle restaurant, who alleged that Reinhardt had given part of the restaurant to Dr. Schuschnigg's Fighting Front-Reu-

ter.

Max Reinhardt, famous theatrical producer, was born. at Baden, near Vienna, in 1873, of Jewish parents. When the Nazis came into power in Germany he was one of the many men of genius to suffer because they were of Jewish origin. His theatrical activities were banned throughout Germany.

in

On the assumption that the Nazis would also eventually prevail Austria, Reinhardt put up his famous Schloss (Castle) Leopoldskron for sate in 1935. Germany attempted to prevent the sale.

Reinhardt will be remembered chielly by Alm-goers as producer of the Bollywood version of Shake- speare's "Midsuminer's Night Dream."

Ambassador To Go On Leave

Maj. Gen. Eugen Ott Quits Japan

Tokyo, May 6. Major-Gen. Eugen Ott, who from Military Attache was recently pro- moted German Ambassador to Japan, will leave here to-day for Germany on furlough.

Major-Gen Olt succeeded Dr. Herbert von Dirksen, new Germun Ambassador to the Court of St. James. The departing officer-diplo- mat called on Mr. Kalti Hirota, Foreign Minister, to stake his leavé yesterday.Domel,

Japanese Seize Alleged Agent For Guerillas

Tsinan, Shantung, May 6. Japanese Consular polleo here arrested Kuo Ching-halang, alleged ageist of the Hankow Military Affairs Commission, on Tuesday.

Kuo, in whose possession police claim to have seized a pistol and ́

written commission "Issued by Chinesa guerilla headquarters, is charged with having arrived in Taipan to attempt to staro in- eldents that would disturb the rear of the Japanese forces In the fold-Domai..

nu

SHARE PRICES

The following is the list of local share quotations issued this morning.

Banka

H.K. Bank, $1,505/80 0.

H.K. Banks, (Lon. Reg.), £94 b. Chartered Banks, £12% n. Mercantile Bank, A. and B. £28 n. Mercantile Bank, C., E14 n. East Asia Bank, $90 n.

Insurances

Canton Ina., $270 n. Union Ins., $327 b.

Ching Underwriters, $24 n. H.K. Fire In., $239 n. Shipping Douglas, $85 D.

.

11.K. Steamboats, $2211⁄2 b. Indo-Chinos (Prof.), $80 11. Indo-Chinas (Def.), $24 n. Shell Bearer, 82/0 n. Union Waterboats, $8.00

Docks etc. H.K. & W. Wharves, $138 sa. H.K. & W. Docks, $22 b. H.K. & W. Docks (new), $2134 n. H.K. & W. Docks Rts, $11 n. Providents (old), $3,90 b. Providenis (new). $3.80 1. New Engineerings, Sh. $4.05 n. Shanghai Docks, Sh. $04 n. Kailan Mining Adm. 16/3 n. Raubs, 90348 B

Venz: Goldfeld, $2,60 b. Hongkong Mines, 11% cts. n.

Philippine Mining Anlamaks, P. —— Atoks, P. 25. Bagulo Gold,

214 £.

Banguet Consol,, P. 0.40 sa. Benguet Explor., -

Big Wedge, P.

Coco Groves, P. 55 sa, Consolidated Mines, P. - Demonstrations, P.

E. Mindanao, P.

Gumaus G'fields, P.

Ipe Gold, P.

1.X.L., P. 70 sa.

Itogons, P.

Masbate Consols., P. ----

Min. Resources, P. —- Northern Min.. P.

Prenenle Gumaus. P. 10 sa. Salacot Mining, P. --~ San Mauricio, P 45 sa. Suyoc Consol., P. .17 50. United Paracales, P. --

Lands, Hotels, etc.

H. and S. Hotels, $7.30 b. HI.K. Lands, $37 b.

H.K. Lands, 4% Dehen $101 b. S'hat Lands, Sh. $9 n.

Metropolitan Lands, Sh. —

Humphries, $0.15 b.

H.K. Realtits, $0.15 Chinese Estates, $100 a. China Realtles, Sh.- China Debent,

Public Utiles

H.K. Tramways, $17.15 b. Peak Trams (old), $? b. Peak Trams (new), $34 n. Star Ferries, $804 b.

Yaumati Ferries (old), $24.90 n. China Light (old), $12.20 b. China Light (new), $0.10 b. H.K. Electric, $01 b. Macao Electric, $17.00 b. Sandokan Lights, $14% n. Telephone (old), $27.80 b. Telephone (new), $10.90 b. China Bures, Sh. Singapore Tractions, 22/0 n. Singapore Pref., 23/6 n.

Industrials

n.

Cald: Macg. (old), Sh. $14% n. Cald: Macg. (Pref.), Sh. $12 Canton Ices. $1.70 n. Cements, $10% R. H.K. Ropes. $1.70 b.

Biores, &c. Dairy Farm, $25 b. Watsons, $6.00 n. Lane Crawfords, $9.50 n. Sinceres, $2.20 1. Wing On (H.K.), $50 b. William Powell, Ltd., 70 cts. n. Cotton Mills

Ewo Colton, Sh. $12.60 n S'hai Cotton (old), Sh. $74 n. Zoong Sings, Sh.

Wing On Textiles, Sh. $45 b.

MiscellaneouIS

H.K. Entertainments, $0% b. Constructions, $11⁄2 b.

Vibro Piling, $54 n.

Ch. Govt. 4% 1925 G$Bonds.,

81% prm. B.

H.K. Govt. 4% Loan 6% prm, n. H.K. Govt. 3% Loan 2% prin.

b.

—

Wallace Harpera, Maramans Ins. (Lon.), a/- 11/0_n. Marsmans Ins. (H.K.), s/- 1/- b.

ກ.

....

TRINIDAD'S GOVERNOIL SEES HIS KING

London, May 8.

His Majesty the King, who return

FRIDAY, MAY 6, 1938.

IL DUCE PARADES SEA POWER

Shows Italy's New Strength To Herr Hitler

Naples, May 5. Signor Benito Mussolini treat- cd Herr Hitler to a gigantic dis- play of Italy's new sen strength.

Over 200 warships, including massed battleships and cruisers and 90 submarines, participated In what the Italians termed the biggest Naval Review since the Great War.

The two dictators were aboard the battleship Conte Cavour and as the fleet spilt into two ines and steamed slowly pusi, hundreds of thousands of frenzied citizens lined the horse- shoe bay of Naples to cheer the Im- pressive sight.

At night the city was turned into a felryland of multi-coloured lights, a gigantic electric sign containing the Live words "Long

Hitler" boing specially prominent United Press.

Later.

The grandiose Italian naval display having

without a bitch, passed Signor Mussolini has returned Rome.

10

the

Herr Hitler dined again at Royal Palace with the King, appear- Ing on the balcony to acknowledge the cheers of a hundred thousand people.

the German After dinner Chancellor drove through the crowd- ed streets to the San Carlo Opera House, and left for Rome immediate- ly after the performance there.

Much comment has been raised at the manner in which the King of Italy and the German dictator have been brought together so frequently during Herr Hitler's visit.

The frequency with which the Herr Hitler have been King and

official contact has brought into changed the entire original scope and character of the vialt,

Bro-

Herr Hiller was to have come to Italy as the head of the Nazi Party on a visit to the head of the Fascist Party. Instead, subsequent ceedings have transformed the plan into a visit of the head of the Ger man State to the King of Italy- Renter.

RECENT SUSPICIONS

Berlin, May 5. The Foreign Office, sim!-ofcally

10

abroad of referring

reports divergences underlying the outward pomp of Herr Hiller's reception in Rome, termed the reports "comments of professional speculators, dictated and short- by Hi-will, Jealousy sightedness,"United Press.

Canada To Manufacture Bren Guns

Ottawa, May 5.

It is oficially announced that arrangements have been concluded for the manufacture of the Bren light machine-gun in Canadian (actories.

This Czecho-Slovakian gun បទ been adopted by the British Army, which has already been equipped with it. Patent rights for man- ufacturing the machine-gu in Canada have already been obtained from Czecho-Slovakia,

Unofficially, it is stated that on initial order has already been placed in Britain for the establishment of a inctory in Toronto to manufacture guns-Renter,

Septuplets Born Dead

Cauto, Cuba, May 5. The septuplets born to Senora Rafacia Casanova de Corrius are all dead.

There were six giris and n boy all of whom were dead at birth.

The seven infant bodies, were buried this morning in a simple, common grave in the front yard of the thatched farmhouse where Senora Casanova Ilves with is white husband.

Tho births were United PreRS.

premature.-

Noted Viennese Lawyer And Wife, Suicides

Vienna, May 5.

Dr. Moriz Sternberg, a well- known Vienna criminal lawyer, has committed suicide, together with his wife.

Dr. Sternberg's son married o daughter' of Dr. Alfred Adler, the famous psychologist. -Ncular.

SHIPS IN WIRELESS COMMUNICATION

The following ships are expected to be in radio communication with Hongkong radio station to-day:

Taksang Minoo Maru; Ping Wo; Trocos; Wuchang; Conte Verde;

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JAPAN'S MONEY

NOT AFFECTED

VTrade Mark

G.A.431

change position would be much on New York advanced half a point, affected by the devaluation of the being quoted to U.S.$20%. This was frane. A higher yen rate on New in response to the rising of the Anglo- York as die result of a higher Anglo-American cross-rato by 11/10, American cross-rate was foreseen, The Yokohama Spocie Bank raised Tokyo, May !. However,

its rald on: France by 25 centimos ceived Sir Hubert Young, Governor. Ramses; Kaiapoli Haidies; Fingal; they did not believe that Japan's ex-dan remained unchanged but thia ratu –Doniel,

Exchange bankers here fo-day said Yesterday's yon, exchange on Lon- quoting the yon at 0 frs. 85 centimes. designate of Trinidad.-Reuter,

ed to Buckingham Palace thla mor- Conte Biancamano; Pres. Coolidgo;

ning from his tour of Scotland, re- Sinking: Chungking; Kwaienng;

Paz.

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