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gress of natural economic forces. As a result of political fear and political unrest in certain parts of the world, there is a good
FRIDAY, MAY 8, 1931.
Y.M. C. A.'S NEW WING.
the Foundation Stone.
deal of mistrust in lending coun- H.E. the Governor Lays trics, which is one of the primary factors in the discouragement of Ro- investing money abroad. move the prohibitive tariffs, oither by a world Customs union, or by internationat treaties, and the solution of the problem is very nearly achieved,
News in Brief,
The Hon. Dr. Kotowall and Mrs. Kotewall left for Shanghai by the Empress of Russia to-day.
The lowest open air temperature yesterday was 74 degrees, the humidity being 79 at 10 am. and 74 at 4 p.m.
"VALUE TO COLONY."
His Excellency the (Sir William Peel,
MR. SHENTON'S ADDRESS.
Home-
past than this belief that where in the years that have gone there is a normai to which condi- tions will return.
fore.
to
There is no normal-there is no status que, but only progress new and unknown conditions.
The work of the Y.M.C.A. l not Ikon lake which after a passing storm.returns again to normal, it is ļa great river moving continually onwards now fast, now slow, to cataracts and shallows, valleys and Governor level plains, it was never known be- Succoss and progress go to K.C.M.G., K.B.E.), in the presence of a large those who ride the storm-not to gathering, laid the foundation those who wait for the calm. stone of the new West, wing of
A Powerful Body. The Y.M.C.A. is a powerful body. the European Young Men's Chris- tian Association in Kowloon yes. It is a religious and moral Institu terday afternoon.
tlon-it proscribes ΠΟ harmiess pastime but encourages wholesome recreation both Intellectual and physical at proper times and Your Excellency, Ladies and places. Gentlemen,-I should like to thank
Its desire is to place Christianity you. Sir, on behalf of those who are and Christian spirit in its proper Interested in the Y.M.C.A. work for light before al men in the your kindness in coming to lay the hope that by a practical demonstra- foundation stone here this evening. tion of the objects and tenets for
I should also like on behalf of the which Y.M.C.A. to express our apprecia-therly feeling between and towards tion to all those who have, at con- all may be enhanced and improved. siderable inconvenience to them- Christianity is intensely practical; selves, come here to join with us she has no trait more striking than in commemorating this important her commonsense. avent in our history.
Seriously Tried. The building of the west wing The real difficulty with thousands which is estimated to cost $150,000 in the present day is not that Chris- le the fulfilment of a long cherished tianity has been found wanting, but Lieutenant Gough was summoned ambition which has only become that it has not been seriously tried. before Mr. Schofield in the Central possible by the successful manage- Your Excellency, may it be pos- Magistracy this morning for hayment of the finances of our associa-sible upon the foundation stone laid ing left his motor car unattended in tion in the past thereby enabling us by you to-day to construct un edifice Queen's Road Central. He admitted to satisfy our bankers, the Hong suitable to our abjects, honourable the offence, and the Magistrate im-Kong & Shanghai Banking Corporate our Association posed a fine of $5.
fit to this Colony. tion, that a loan for this purpose is sound business proposition. 1 Knocked down by a private motor desire to express our gratitude to car driven by Tang Man-tin in our bankers for the generous Queen's Road East near Murray facilities they have given us and Road The average man, whose know-afternoon, a Chinese was removed shown in our affairs.
at 5.30 o'clock yesterday the practical confidence they have ledge of economics may be limit- to the Government Civil Hospital in' serious condition, and succumbed to his injuries this morning.
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Hong Kong, Friday, May 8, 1931.
ECONOMIC CRISIS.
A warning note on the subject
of world depression was sounded
by Sir Arthur Salter, the Direc
Maurice Chevalier in "Playboy of Paris" (King's Theatre) is dis- eussed in Talkie Talks" elsewhere in this issue.
His friends will be sorry to hear that Chief Inspector P. Grant is confined to his led through illness, but it is hoped that he will be up and about in a few days" time.
the Y.M.C.A. stands brò.
--
and of
great
THE GOVERNOR'S SPEECH.
H.E. the Governor, addressing the gathering, said, inter alia:-
It is a great pleasure to me to come to-day to lay the foundation stone of this new West Wing of the premises of the Y.M.C.A. In The main building Hong Kong, was erected on an excellent site.
Satisfactory Position. Our position is a antifactory one. The membership roll for the month of December 1926, 1928 and 1930 A visitor to the Colory is Mr. was 205, 351 and 431 respectively, have heard it suggested that it Thomas Fox, Editor of the Siam and the income in the aame years has been overshadowed by the Observer and a former Editor of the was $99,000, $117,000 and $135,000 large hotel building on the other Times of Malaya. The present respectively. This desirable state Editor of the China Mail joined the of affairs is due to the unremitting:
side of the road. I cannot quite Siant Observer on January 1, 1901, efforts of our staff Mr.
agree with this-this is an impos- Hunt and and succeeded Mr. Fox as Editor of Mr. Ingram and the general nasisity of its own which la incapable ing building and has a personal- the Times of Malaya in 1915,
tance
we have received from Mr. McPherson.
History of Movement, To those who
are not
familiar
of being overshadowed even by such a fine building as the Penin- sula Hotel,
Sir Reginald Stubbs in the of his remarks referred,
course
inter alia, to two matters, namely
ed to the manufacture and mar. keting of his own products, is thus suspended between two fires the uninspiring pessimism of Sir Arthur Salter, who has but recently come from China, where he saw little but gloom; and the ranting hot air of Mr. Thomas, who, like all his confreres, is al- ways willing to express full con-
Wanted in California on a charge fidence that the depression can of alleged larceny, involving G$25,- be solved - if only the people 000, Mrs. Jeng Shee, alias Phyills with the history of the European Yung, is to return to the UnitedY.M.C.A. movement in Hong Kong will vote Labour.
Between these extreme views States in charge of Inspector Can-I propose to give a short resume.
non of the San Francisco Police, It was started in May 1904 and I understand that the former has a Hbrary and a swimming bath. it is possible, however, -to detect who is now in the Colony, In carried on a very useful but some Bourished for some time now and a thread of hope. The present] the
Magistracy, Mr. what precarious existence Bl that nearly nine thousand volumes crisis, undoubtedly, is due in the F. H. Loseby, (for the defence), various addresses until the idea was were taken out last year: this is waived extradition proceedings. conceived of placing the movement main to over-production, rather
A most satisfactory feature on on a more permanent footing by which I congratulate the directors. than to general poverty. Once Chan Kam was charged at the the acquisition of our own property I am glad to hear that a swim- the crisis is over, aver the super-Kowloon Police Court this morning and under the happy auspices of ming bath will form part of this optimists, the world will experi- from the Lat Tu Quarry at Tai Kok May supported by Sir Claud Severn, of which I am laying to-day.
with the larceny of eight stone drills His Excellency, the late Sir Henry
new building, the foundation stone. ence the biggest economic boom Tsui yesterday. He was also the Government gave us the pre-
Last September I visited the in history, which will result in charged with trespassing In the sent site. With the active co-premises and received the kind a higher standard of living and quarry. A month's imprisonment operation of Sir Henry May a aum hospitality of the directors at general prosperity all round, was imposed for the larceny, and of $140,000
was raised by sub-lunch. a fine of $10 or 14 days Imprison-scription to which the late Sir Ellis the efficiency of the Branch and I was greatly struck by The present position, which ob-ment on the second count, the terms Kadoorie and the lato Mr. M. J. D. especially by the sound practical tains in every country in the to run concurrently.
Stephens both contributed $35,000 financial basis on which it rests. world, is speciully serious be-
Central
cause it is aggravated by certain CORRESPONDENCE.
In the special circumstances,
first place, the modern producer
has to over-estimate demand.
A TERMINOLOGICAL INEXACTITUDE.
of contract."
and o sum of gold $75,000 was
Work for the Services. donated by the International Com-
One can not but be impressed mittee of North America of the by the great work done by this Y.M.C.A. largely through the in-branch for the beneft of members strumentality of Mr. McPherson of the Services, many of whom are who has so many years, not only only birds of passage here and faithfully but without remunera-must appreciate and enjoy in a tor of the Economic Section of Over-production leads to falling To the Editor of "China Mail."]
tion served our association and is very high degree the excellent the League of Nations, during an prices, but low prices do not Sir, "Dr. Shiels repudiated the to-day in charge of our building facilities afforded them. In this important address which he de- stimulaté demand. Furthermore, suggestion that the conversion operations.
institution they have a fino club Great Future, livered at yesterday's aession of the estimates of producers for method was tantamount to a breach
which caters in an eminently off!- The foundation stone of the Main cient manner for both mind and the International Chambers of luxuries,
against neces-
Yours, etc.,
Block was laid on January 21, 1924, body. In short there is no doubt Commerce at Washington. The sities, are very much greater
CALL A SPADE AN INSTRUMENT Stubbs and the building was formal-flourishing branches possessed by by His Excellency Sir Reginald that this is one of the most burden of the address was
athan in previous years,
OF HORTICULTURE. ly opened on November 26, 1925, by the Association, and is of great grave warning that if the nations and the demand for luxuries
Hong Kong, May 8.
Hir Excellency Sir Caeil Clementi. value to the Colony; the directors of the world were not willing is always less stable.
Again,
On both occasions their Excel have every reason to be proud of as shown by their imposition of the highly industrialised society!
lencies in the course of their init. In laying the foundatiba stone SHOP RAIDED. prohibitive tariffs to receive of to-day has greater dif-
spiring addresses referred to the of this extension to-day I wish great future before the Y.M.C.A the Hong Kong branch of the imports in payment for exports ficulty in adjusting itself to times LOTTERY TICKETS HIDDEN IN that it was only starting on its Y.M.C.A. continued and indeed In- and loans, a chronic disease of of economic depression. In
SCHOOL BOOK.
career that it had a great and use creased success. the world's monetary system earlier years, when business was
ful future-that in the then not].... The Ceremony. would ́develop, prolonging and conducted on a smaller scale, pro-
Chan Hee, keeper of a shop at distant future a swimming bath and Prior to Sir William Peel laying aggravating the existing world duction could be stopped at once at the Kowloon Police Court this mental and physical would be re-deposited underneath a box con- 180, Portland Street, was charged other forms of recreation both the stone, the Hon. Mr. Shenton depression. Sir Arthur also ex in the event of over-production, morning, with having unlawful quired-to-day we re fulfilling talning the names of the Gov- pressed the opinion that one of but nowadays industrial concerns possession of 37 lottery tickets and those prophesies the new westernor, members of the Legislative the causes of the world depres- are so powerful that they refuse with keeping a common gaming wing will have a swimming bath on Council, directors and staff of the
house.
the ground floor, a large increase of Y.M.C.A., the architects and con- sion was the speculative boom of to how to economic depression.
Detective Sub-Inspector Elston the reception accommodation on the tractors, some Hong Kong current 1929, and felt that the solution of Speculation in stocks and said the shop was raided at 8 am. 1st floor which will be used for coinage, and the current issue of that depression required world-shares always exaggerates the yesterday and the tickets were lectures, entertainments and dune the local newspapers..
Subsequently. Hia found concealed in a geography es, and 20 bedrooms on the upper
Excellency wide co-operation, both in study rise and fall in business con-
book beneath the counter.
floors. It will enable us to set "well and truly laid the stone and in action.
ditions. Currency troubles like-
A fine of $50 or a month's Im-aaide the whole of the ground with a silver trowel and hammer. Whilst Sir Arthur's words are wise constitute a considerable prisonment was imposed on each floor of the main building for the full of foreboding and do Ettle to factor in the present depression. charge, the sentences' to run con- Services for whom it has always clear away the gloom which has There is no reason to believe, sosecutively, persistently shrouded our vision, far as we are able to see, that there is some degree of compen-
the supply of gold is inadequate sation to be had in the unabated for the use of gold as a basis of confidence which seems to radiato currency throughout the world, from members of the Home Gov-but the present supply is inade ernment, Mr. J. H. Thomas inquate, owing to its mobility in particular, who declared during a certain parts of the world. speech at Leeds yesterday that Modern financial transactions Te Great Britain,, in spite of the fact quire a daily settlement of ac that the total number of her un-count, either by the exchange of employed was greater than the goods, the borrowing of money figurés during the boom of 1913, from abroad, or by the export of had greater cause for confidence gold:
BURIED IN DEBRIS.
NARROW ESCAPE OF FOUR WORKMEN.
been our polley to make special pro-| vision and who will also be given facilities in respect of the swim ming bath
Ten Years Ago.
IFrom the "Chinn Mall" of May 8, 1921.1
To-day's dollar is worth 2/6%.
The ceremony to-day marks a further step on the road of pro- gress and is a partial fulfilment of our ambition, ... We firmly believe A fall of earth occurred just that in the not distant future some")
A new building five or six storeys before 9 o'clock this, morning, in of us here to-day will have the pri Wong Nel Chung, near the Jockey vilege of witnessing the laying of high is to be erected on the site of Club, Stables, new alte.
the foundation atone of the new the old Victoria Theatre, at the Four Chinese workmen who wore East wing
|corner of Des Voeux Road and Forward Policy,
Pottinger Street. When question- engaged. In excavation work, were buried but were extricated in a We may be criticised for oured by a China Mail reporter this short time on the arrival of the forward policy and our ambitious morning, the architects, Mesere. Fire Brigade,
projects but I believe that those Palmer and Turner, were not' able Two of the victims were remove who wait for normal times or the to state what purpose the owner, The existing tariff policies of led to the Government Civil Hos-return of more stable conditions use the new building, but they in
pital, one suffering from injuries will be left far behind.
Mr. M. J. D. Stephens, Intended to As for America, he said, that certain countries, now including to his face, whilst the other sus There is no commoner or more dicated that it would be of a type was "going through Hell," China, tend to Impede the pro-tained severa injuries to his lege. paralysing form of bondage to the suitable for offices.
than any
other nation in Europe.
A