THE S DIRECTORY
NOW ON SALE.
PROCURE YOUR COPY
AT
The Offices of the Publishers, BA, Wyndham Street.
CENTRAL
SEE THEATRE HEAR
SHOWING TO - DAY
At 2.30, 5.10, 7.15 & 9.20 p.m.
A 1931 PARAMOUNT SENSATION A picture you'll have lots to talk about when seen.
SEE THE THRILLING TRUTH.
OF A LIVING RECORD OF A DYING "RACE.
#THE
Men fighting for love and life against nature's fiercest forces! Throbbing romance, filmed as it -was-lived-in-the-wilds-
of Northern Ontario!
A kreat primitive struggle right before your eyes!
SILENT ENEMY'
a Paramount Picture
See the stupendous caribou' stampede. climax to this grip- ping love story. Wild unimals in their native lairs, fighting, stalking their prey. Man bat- tling for his very life. The thrill-picture of a life-time.
-NOTICE!
20 additional fans were installed in the house lately.
Come and cool yourself!
NEXT CHANGE
She Toyed With Two Strong Men
<
-and made them love it!
"You Know How "Tie"
The great outdoor talking
drama to date featuring
LUPE VELEZ
STORM
with Paul Cavanagh and
William Wyler.
and published for the Propel limiting by David Christia
ham Street Hong
The
China Mail.
ESTABLISHED 1845.
HONG KONG, THURSDAY, AUGUST 13, 1931.
!
RE-CREATION OF OUR
FINANCES
ALL AVENUES FOR ECONOMY
CAREFULLY EXPLORED
FOUR HOURS SESSION
NO DIFFERENCES OF OPINION
INMINISTERIAL
RANKS
London, Yesterday.
Five members of the Government, constituting the Cabinet Economy Committee, who interrupted their holidays, have arrived in London and began to-day consideration of the Government's pro- gramme for the reduction of expenditure,
CHANGES IN SHARES.
Features of Morning's Business.
OFFICIAL SUMMARY,
The official summary issued by the Stock Exchange this morning states:
At this morning's session of the Hong Kong Stock Exchange the principal changes recorded were in Douglases, which were in demand fter sales at $22. Hoag Kong Fires were easier, Lands recovered 9lightly, Cements were a trifle wenker and Hong Kong and Shang- hai Hotels advanced appreciably. The tone of the market was fairly steady.
Banks changed hands at $2,046. Unions had buyers at $565, sales being reported at $570,****
at
Underwriters had sellers -30.05..without sales having to be
No definite decision had been reached when they adjourned at recorded.
Cantona remained it $1,550 nominal, as "were China Fires at
Hong
mentioned, As already Kong Fires were easier at the nominal figure of, $1,466.
7 p.m. They will meet again to-morrow.
-It-is-regarded-as-significant,-in-view-of-the probability of ...a ··$800. Three-Party Conference, that Mr. Neville Chamberlin, the Conser- vative leader, who is deputising for Mr. Stanley Baldwin, who is at present in France, is returning to London from Scotland imme- diately. Reuter,
WORLD FINANCIAL SECURITY
Benguets were enquired for at $10.50, but without leading business.
to
Raubs with sales reported at $43.20 had buyers at $41.50.-**
Wharves had buyers at $163, but no shares were on offer.
Providents (old) at $6.05 buyers the, representatives of the two. Opposition parties, but nothing and sellers asking $6.15 were dealt definite is known us to Govern-in at $6.10 and the new shares had ment's intentions. British Wire-buyers at $2.60, sellers asking less Service.
$2,80...
Hotels (old) had buyers at the improved quotation of $17.50,
Great Public Interest.
London, Yesterday.
The
Rugby, Yesterday. The Committee, consisting of the Prime Minister, (Mr. Ram- say MacDonald), the Chancellor of the Exchequer (Mr. Philip Snowden), the Foreign Secretary (Mr. Arthur 'Henderson), the President of the Board of Trade The vital necessity for the sellers asking $18 and sales were (Mr. Graham), and the Domin-balancing of the Budget remains repouted at $17.45/$17.90. ions Minister (Mr. Thomas), in the forefront of public discus-new shares were dealt in at $17.25, which is to advise the Cabinet sion and, in the absence of an off-there being buyers at $17,
Lands had buyers at $91.50 ex regarding the recommendations cial statement following yester- of the committee, appointed in day's three hours' meeting of the div, sales taking place at 391.75,
Humphreys (new) February at the request of the Cabinet Economy Committee, the House of Commons to review Na- pursuit of economy is being car-in at $21.50. tional Expenditure, met for the ried on by investors, and the next first time this afternoon and Budget has, indeed, already been $17.85.
a session of nearly four tentatively balanced In City hours adjourned till to-morrow. circles by the severe pruning of
Proposals Under Scrutiny. social, and defence services. The Sub-Committee is in pos- session of the observations of all Government Departments affect ed by the proposals of the Econo- -my Committee,-which-is-estirant-- ed to effect a reduction of expen ditore next year of £6,000,000. The Sub-Committee will decide, after a study of proposals, the general direction in which econo- mies shall be made in order to provide for the balancing of the next Budget.
after
No Differences of Opinion. It is known that the Prime Minister and the Chancellor are firmly resolved on securing a balanced Budget, and it is denied that there are any differences be- tween the Ministers with regard to the imperative necessity of balanced British Budget, which the Daily Herald to-day described as an "Integral part of the world financial security."
Whole Ground Explored, It is understood that at to- day's meeting the Committee ex- plored the whole ground and dealt generally with the situation..
After to-morrow the Committee is not expected to meet again till Monday, when it is hoped that irill frame proposals.
All Parties Consultation. It ir possible that the next step will involve epnsultation--with
No Cuts But More Taxes? Socialists, however, quickly re- tort that there will be no cuts but more taxes.
-Lottery Loan-Proposed.
were denit
Realties were
disposed of at
Ewas recorded to the buying rate of 14.25, sellers asking 14.40 and sales were reported at $14.20.
Trams had a buying rate of $21.50.
Star Ferries had a buying rate of $93.25 H.K. Electrice changed hands at $81.25.
A sporting element, even, may be introduced to rescue sterling Dairy Farm with buyers at for, it is seriously suggested in $32.75 were dealt in at $32.85. serious quarters, that a State Lane, Crawford's: ((old) had Lottery Loan, with yearly or half-sellers at $7.90, and the same re- yearly draws for bonuses, might mark applies to Constructions at. prove more profitable than the $18.30. Conversion Scheme,
Cements changed hands at yester- day's rate $20.25,
Bogey of Compulsory Conversion. Concerning the latter, the re-without a cut-and-dried :: prò- ported split within the Cabinet gramme of economy, and that and the opening professed grasp-compulsory conversion, apart ing views of many stalwarts from damaging Britain's reputa among Government supporters, tion and maintaining the sanc has given birth to the bogey of lity of contracts, will be manifest- compulsory conversion and, ly unfair to native holders' whose though the idea is laughed out interests will be whittled: down, of court in responsible circles, while forsign holders will con- there is many a rentier resting tinue to fatten on five per cent. on an uneasy pillow.
interest. NAGARA Banks and Insurance Companies Have a Say.. Banks and big insurance com- panies, who promised Govern- ment their hearty co-operation, can safely be trusted to insist on that. Their influence
can be gauged by the fact that their It is the general view that Gov- holdings of Government securi- ernment can hardly faunch a les approximate £500,000,000——— acheme of voluntary conversion | Reuter.
Rumour Depresses Funds,
A rumour was sufficiently strik. ing in the City yesterday to de- press British Funds, 'Five Per Cent. War Loan, especially de- clining to the lowest for several years.
Compulsory Conversion Unfair.
Altridal
B
BAYER
FLETCHER'S
BATH EAU de COLOGNE Delightfully refreshing and invigorating
during the hot weather... MAGNUM BOTTLES
$2.50.
THE PHARMACY
Asiatic Building.
Tel. 20345.
Queen's Road C.
AMUSEMENTS &
AT THE
QUEEN'S
TO-DAY TO SATURDAY At 2.30, 5.10,.7.15 & 9.20.
"FATHER PAYS THE BILLS!"
On with the dancel Ler Youth. have its fling! Father pays the bill! And when you witness the soul-stirring drams, you'll gree that the Talking Screen his reached a new mark in the she portrayal of humanity. Livin-loving, reaching for the
Ga
SINS OF THE CHILDREN
with
Louis Mann, Robert Montgomery,
Elliott Nagent, Lella Ilyame"
A SAM WOOD Production
-ADDED · ATTRACTION-
Godwyn
TALKING PICTURE
The First of the. “ AROUND THE WORLD" series
"Peeps at Peking
NEXT CHANGE
The Most Significant
Motion Picture
Ever to Come to the
Talking Screen
„JOXEPH M. SCHENCK
DWGRIFFITH'S ABRAHAM LINCOLN
WALTER
Afridol- HUSTON
Ssap
Prevents and cures rel SKIN DISEASES
Prickly Heat
UNAMERKEL
UNITED ARTISTS PATURING A. titanic, spectacle mirror. ing the "adventurous career. of a grait muster: af. wen No pletare adesin, the last!% 'len years 'can compare with!
this vital "romance,"
CARCHI
STEPHEN VINCENT BENET OHNWCONIDINER
TARY O PRODVETION ADVISER