THINKING
new truck? ASK US
ABOUT
The dollar, on demand, closed.
to-day at 1/3 5-8.
Library, Supreme Court
A China Mail
THIS
THE HONGKONG HOTEL GARAGE.
Stubbs Road,
Happy Valley.
BEDFORD
HADE IN
ENGLAND
Fat, 1845.
THE OLDEST-ESTABLISHED NEWSPAPER IN THE FAR EAST
Est. 1845.
No. 28,397
HONG KONG, SATURDAY, APRIL 22, 1933,
PRICE $3.00 Per Month.
Win
GENTLEMEN'S HIGH GRADE OUTFITTING
"AT HOME PRICES
BERNARDS OF HARWICH
CHATER ROAD,
HONG KONG
SOVIET RUSSIA HITS BACK AT BRITAIN WITH COUNTER-BOYCOTT
Miss Vicki Baum, authoress of "Grand Hotel,” has signed a long term contract with a film campany for the produc- tion, of scenarios.-(S. & G.)
PRESIDENT'S
METROPOLITAN. VICKERS FOR $250,000 LONDON CONTRACT
Britain's Largest Turbine For Battersea Power Station
London, To-lay,
A contract for a 105,000 kilo. watt turbo-generating plant, which will be the largest in Britain, has been placed with Metropolitan Vickers Electrical Còmpany by the London Power Company for the Battersea Power Station.
The new machine will be 40. per cent. bigger than any other, either operating or under construction, and will cost about £250,000.—ETI- tish Wireless Service.
YANKEES
UNBEATEN IN
U.S. BASEBALL
WELCOME TO MR. MACDONALD Giants' Record Lowered
By Boston.
Greets British Premier
At White House Door. THREE TEAMS FAIL TO SCORE
EFFECT OF U. S. DEPARTURE FROM GOLD STANDARD
Washington, To-day.
Mr. Ramsay MacDonald accom panied by his daughter, Miss label
Babe Ruth's Home Run
New York, To-day.
Boston shattered the Giants' 100) per cent. record yesterday when
PROFIT-TAKING ON WALL STREET
MARKET REACTS WELL UNDER PRESSURE
HONG KONG DOLLAR DECLINES DESPITE FURTHER SILVER GAINS,
WALL
PROFIT - TAKING CHECKED THE BOOM ON STREET YESTERDAY, BUT THE MARKET REACTED VERY FAVOURABLY, AND FURTHER RISES IN ALL STOCKS ARE EXPECTED TO-DAY, SPECULATION IS RIFE, AND BRISK BUSINESS WAS AGAIN TRANSACTED, OVER 5,000,000 SHARES CHANGING HANDS.
The Hong Kong dollar has moved within a narrow range, the rise in the value of the pound sterling having offset most of the gains in silver prices. Ultimately it is anticipated that silver will advocated in advance rapidly most of the silver schemes America suggest a doubling of the value of the metal) while the New York on London cross-rate is not expected to rise much- further. Consequently, the Hong Kong dollar is expected to ad-
vance considerably and a quotation of 2/- is being freely pre-
dicted in the Colony.
Ch
捷
Oxford's foremost athlete, C. F. Stanwood just lending. J. St. L. Thornton, the Cambridge President, at the last hurdle in the 120 yards hurdles at the Inter-Varsity sports at White City Stadium, London, on March 18, when Oxford won the annual meet for the first time for seven years. Stanwood, who won three events, is the first Dark Blue to accomplish this feat.-
(8. & G.)
BIG OPIUM HAUL IN MARSEILLES
...
To-day the dollar was quoted at 1/3 5/8 a drop of 1/4 from yesterday. This decline caused surprise, as while the cross-rata had shown little change, silver had advanced another 5/16. The fact that the present increase in silver prices is mostly due to speculation Half Ton Of Dope Found has caused a cautious tendency on the part of the banks. Americans Urge Higher
Wages.
they secured the verdict by 3-10-LABOUR LEADER DESCRIBES- MacDonald and the British financial1 margin after being out-hit, and economic experts, arrived here
The Yankees, however, retained |
INFLATION AS PERNICOUS'.
Washington, To-day,
yesterday evening after spending their unbeaten record in a big hit- the train jouney in studying the ting game against Buston, here.
Mr. William Green, President of most recent developments in the Babe Ruth hitting another of his the Executive Council of the Ameri- United States.
spectacular homers.
can Federation of Labour yesterday They were welcomed at the)
Hallahan gave a magnificent dle-announced that the Federation will station by Mr. William Cordell
play of pitching to blank the Chi- and Hull, Secretary of State,
Jurge immediate increases in wages motored to the White House cago Cubs for no runs, thus en-
to offset the "deleterious effect of where President Roosevelt broke jabling the Cardinals to win by 4
currency inflation."-Reuter.
a long-establish precedent by go-te 0. It was the 1931 World Cham- | ing to the front door and greet-
ing them under the portico, ac plons' second win in five games,
companied by Birs. Roosevelt and In spite of a good home run by REAL TEST ON NEW
their married daughter. Mrs. Bottomley. Cincinnati Reds bowed Dali.
Mr. MacDonald's address which was broadcast from the 8.a. Berengaria created a very favourable impression. - Reuter.
CONVERSATIONS IN
WASHINGTON.
to the Phillies by a 6 to 1 mar gin.
Brilliant pitching by Hildebrand, who blanked the Tigers for no jruns, and a four-bagger by Gissell, gave Cleveland Indians their Afth success in seven games at Detroit. 3t. Louis Browns beat Chicago White Sox by 4 to 0, Hadley pitch- London, To-day. ing with amazing accuracy.
The The Cunard liner, Berengaria, Athletics repeated Thursday's tri- in which Mr. Ramsay Mac-umph over the Senators to record Donald, the British Premier, has their third win in eight matches. travelled to America for his 'con-
YORK MARKET
Advance Expected Over Week-End.
INDUSTRIALS AND UTILITIES DECLINE
New York, To-day, The trend of the American mar- ||ket depends largely on news from Washington. Messrs. E. A. Pierce and Company, through their local)
The following were the results agents, Messrs. Asia Lands, Ltd, versations with President Roose of yesterday's games:-
|state:~ velt, reached New York, yester- day.
The Premier was given
'the British
09
official welcome, and was met by
Ambassador, Sir Boston Ronald Lindsay, who later tra- New York velled with him to Washington.
"The market had a real test yes- terday during the last hour of trad- Eing but acted well on an enormous.
National League.
R, IL
3 4
2 amount of profit-taking and other
I
8
05-
14
1
1
3
Bottomley hit a homer.
B
On the arrival in Washington Sir Chicago
Ronald will proceed with him to st Louls the White House where Mr. Mac-!
Donald is staying with the Pre-Cincinnati! sident.
The conversations will range Philadelphia
over the current problems, with (Continued on Page 14) particular reference to those. which will arise at the World Econoinic Conference. Disarma- ment and War Debts are also ex- pected to be among the subjects on which views will be exchang-
ed.
The United States, depar ture from the gold standard is naturally expected ta' affect considerably many of the, economic and financial questions which are likely to to be considered.),
·TOKIO TO PARIS FLIGHT.
French Aviatrix Due Here On April 26.
Erratic Movements
In London.
FIRMER TENDENCY IN STEEL MARKET.
London, To-day.
On the London Stock Ex-
By Police.
SMUGGLED IN LINER'S PRISON CELLS
Marseilles, To-day. Another blow has been directed at one of the powerful Continental
change yesterday, the Ameri-drug smuggling rings, with the can currency situation con- tinued to cause erratic move- ments in the markets' most affected.
Dollar and sterling exchange persisted, however, at £-G$3.85, the same as on Thursday night, but francs on the pound weaken- ed to 89.
British funds did not move
much and War loan 31 per cent. closed at 1014.
J
Kaffire fluctuated considerably and left off with a sharp decline, although in the steel market the although in the sted market the tendency became firmer;
Internationals were irre- gular, finishing under the best, with nickels at 16 7/16, and United States' Steel at 62.- British Wireless Ser- vice,
LOCAL DOLLAR DECLINES.
Continued Rise Of Silver.
די.
RETALIATION
AT BRITISH
EMBARGO
Complete Prohibition Of British Purchases.
RESTRICTIVE REGULATIONS ON GOODS IN TRANSIT-
Moscow, To-day.
The Soviet retaliation to the Bri- tish embargo is announced by the Commissar of Foreign Trade, and consists of the complete prohibi- tion of orders to, or purchases from Britain.
·Chartering vessels under the Bri- tish flag is prohibited, and restric tive regulations are imposed on Bri- tish goods in transit through the JU. S. S. R. Re-exporting organisa- Itions must reduce to their utmost,
CRISIS UNLIKELY the use of British ports. BETWEEN JAPAN as long as the British embargo con-
The measure will remain in force
AND SOVIET tinues. Reuter.
Penniless Moscow Will
Save Face.
FRENCH JOURNAL'S COMMENT
Peking And Tientsin Invasion Viewed As Improbable
Rep
Moscow Trial Petition.
COMMUTATION SOUGHT OF GAOL SENTENCES.
Moscow, To-day,
M. Brande, who defended" Mr. PS Charles Thornton in the Moscow Paris, To-day. trial of the Motrballimen Le Temps, in an editorial yes employees, has forwarded a peti.
seizure here, on board the Messa- geries Maritimes liner. "Theophile terday, states that a Russian-Japan- tion to the Soviet Central Execu
lese crisis over the Chinese Eastern tive Committee for the cancellation Gauthier," of nearly half a ton of Railway is not likely to develop, or commutation is déportation of illicit refined opium.
Penniless Moscow will probably save the imprisonment sentences passed. her face and cede her interest in on Mr. Thornton and Mr. Willam
Macdonald. the Railway for 100,000,000-yen Action in the matter is expected for whatever Japan offers.
The discovery was made by the Police who instituted thorough search of the vessel immediately after her arrival from Istanbul. The drug, which was found in the prison cells on the after deck, was confiscated, and enquiries among the crew of the ship are now proceeding. The as. Theophile Gauthier is
-
very shortly, and there is a strong Le Temps absolves Tokio of any feeling in official circles that the desire to push on the invasion to release of the prisoners wil ba Tientsin and Peking. The desire, secured.
if fulfilled, however, will provoke
Messrs. Alan Monkhouse, Charles grave international complications, Nordwall" and John Cushny, the the journal adds.
three banished engineers, accom-
It states that if China relies on panied by Mr. A. W. Gregory who a steel twin-screw vessel of 8,194 the intervention of the Powers or is returning to England of his own tons engaged on the Marselles- the League she will show a singular free will, have now crossed, the
Near East run. She was built in, |1926. Reuter.
C.B.S. SITE.
Tenders Invited For Levelling Work.
Tenders are invited, for the site formation of the new Central: Bri-
The local dollar, has declined tah School, the work to consist of selling being well absorbed. We from 1/8%, yesterday's quota-leyelling and the disposal of aur expect another attempt at an ad- tion, to 1/8% to-day.
plus matérial, also for the comple-] 2 vance over the week-end,
Silver prices continue to rise, tion of the seawall near Oil Street, spot silver opened this morning North Point Closing day for ten- terday, and forward opened at Notice is given in the Gazette Jat 191⁄2, as against 19 3/16, yes ders In both cases, is May 8.
19 9/16, as against 10 yester- this week, that His Excellency the day.
The easier foreign exchange, market, after a three-day advance, 0 precipitated heavy profit-taking.
"In all the commodity mar- kets, realising seemed to be
well absorbed. The immediate trend depends on financial de velopments.”
Business was again brisk, 5,210,- |000 shares changing hända.
Industrial and utility averages showed a decline, the former drop-
lack of sense of realities. Her on ly wise policy is to start direct, ne- gotiations with Japan.-Reuter.
AUSTIN AND
PERRY WIN IN
DAVIS CUP
Britain Leads Spain
By 2 To 0.
arrive in Berlin' to-day. Russian-Polish frontler and will
They received a tumultous wel- come at the frontier station of Stolpce, where they were welcom- [ed, by crowds of Polish civilians
and militia Reuter
(Continued on Page 14,)
CONVERSION LOAN IN LONDON.
£4,500,000 Allotted.
FAVOURED FOR FINAL IN TREASURY BILLS SUBSCRIBED
AT £45,000,000. EUROPEAN ZONE
London, To-day... Tenders for the £50,000,000 2%
Barcelona, To-day. Governor proposes to make an order Great Britain are almost assured were, &-G$8.86% and -G$8.80, part of Wardley Street joining the Davis Cup as the result of yes
Cross-rate, opening prices for the permanent closure of that of entry into the Second Round of per cent conversion loan, 1944-1949,
and Treasury bills, were oper for the London on New York, Queen's Road Central and Des Vœux
and New York on London, rates, Road Central. Any person object terday's play, when Fred Perry yesterday at the Bank of En respectively, as compared with ing to the closure must send his and Bunny Austin won their sin-The total amount smiled for was £-G$8,88, and £-G$8.81, yester objection to the Colonial Secretary gles matches in straight sets. £68,822,800. day
Inot later than May 10,
ping 2.49 to 69.78 while utilities de American Jews Suggest Reprisals
clined 1.98 to 22.64. Tails and bonds" "advanced slightly, rising. 76: Mile. Maryse Hiltz, the noted and -57, to 41,8 and 74.10 respec- French aviatrix, who passed tivaly. through Hong Kong, last week jon her way to Tokio, was unable The officials accompanying the to lower the record from Paris Premier include Sir Robert Van to Toklo owing to the bad wea
ther she encountered on her fight
PRINCE TO OPEN NEW
$150,000 PIER E
London, day.
Yesterday's results as cabled by Reuter were as follow
Fred Perry (Britain) beat E. Maler 7-5, 7-6, 6-2003 A
"Bunny" Austin (Britain) beat
To Be Taken Against Nazi Regime sindren 6-0, 6-8, 6-2-
Amounts allotted
Conver were sion - Joan: 24,500,000, in bills at 3 months sight 445,600,000.
Tenders were nccepted as follows:- |From April 24° to April 29, 1933, for New York H. W. Austin and J. S. Ollift, were conversion loan: at £94/2/6, about The Jewish court of arbitration here he given squal sutrage or be permit-beaten on the Riviera twice in
60 per cent. Abpre that bandar. Am today mads pubile a message sent to ted to leave file bountry; and third, works by the young Spaniard
{all: Jewish,øynagogpen and societies in KPA men, boycott Ger- Meier and M. Dural
New Yoric recommending that: three reprisal steps boy taken if your battle
ainst the uncivilized Hordany of the whens, tise!
The disala Frosted www First Hitler
sittart, Permanent, Under-Secre- tary at the Foreign Office Bir Frederick Leith Ross, the Gov She is now about to make an HRH the Prince of Wales that ernment's Chief Economic Ad-attempt on the Toldo to Paris rs will visit Weymouth on July 18 Europe volda viser, and Mr. A. E. Overton of cord, and will arrive in Hong to open the new pier which has AMPATÍPANG JEPM) the Board of Trade": British Long on April 26, leaving for cost £150,000 to construct,pot to recogn Wireless Service.
British Wireless Service,
Hanol the next day,
boycott
was started in France -It is probable – thi
anti-Semitie
of play in both singles overnment of Ohi ellor being partnered in the
siioning: in recent Man, "Chiminating
Germany Bodo
boycott of Jawls means of livelihood, Binos the have been expelled from civil
| positiona (and. barred: “in” the fofer.
For billi-at & mbathe