ANADIAN
RAILWAY
Exces
8 DAYS
10 DAYS
5 DAYS
THE CHINA MAIL, FÉBRUARY 8, 1989
STORY OF THE SALEOF AM MOTOR CAR
BRITAIN TO REVALUE GOLD AT CURRENT
MARKET PRICE
LONDON, TO-DAY. GOLD MINING SHARES ROSE THE STOCK EXCHANGE
Before Mr. R. Edwards at the Central Magistracy this morning, Ka Sai-man, alias Ka Tung, 25, was charged with uttering, with intent to defraud, a forged re-¡ON ceipt for the sale of a motor car, YESTERDAY FOLLOWING: IS- purporting to be signed by D. SUE THE PREVIOUS, NIGHT OF THE GOVERNMENT'S BILL Davies."
THE CURRENCY Mr. Davies, recalled, said that AMENDING never on any date, did he sell the AND BANK NOTES ACTS, AS A Van-
car to defendant or any other per- RESULT OF WHICH THE GOLD. .couver
|HOLDING OF THE BANK, OF Victoria son. Arrive
GoEMPRESS to America, Europe
Hong Empress Kong
of !
Leave
Asia!
Feb. 8 Canada 'Feb. 21 Russia Mar. 8
Shang- Naga-
hai
saki
Leave Arrive
Feb. 10 Feb. 12 Feb. 23
Mar. 10
Kobe
Yoko hama
Leave
Leave
Honolulu
Leave
Mar. 12
Feb. 14 Feb. 16 Feb. 26 Feb. 28 Mar. 7 Mar. 14 Mar. 16
Feb. 25
Mar. 12 Mar. 25
-
Air-conditioned equipment on C.P.R, Trans-Continental Trains. Frequent Canadian Pacific Atlantic sailings to European porta.
TO MANILA
Empress of Russia on Thursday, February 9th.
Canadian Pacific
Union Building
SPANS THE WORLD
Telephone
20752
G. FALCONER & CO. (HONG KONG LTD.) WATCHMAKERS & JEWELLERS, DIAMOND MERCHANTS,
UNION BUILDING (opposite G.P.0.)
Agents for:-ADMIRALTY CHARTS, ROSS' BINOCULARS and TELESCOPES. KELVIN'S NAUTICAL INSTRUMENTS. ENGLISH SILVERWARE Direct from Manufacturers,
High Class English Jewellery
Mr. T. G. Stokes, of Police Head-ENGLAND IS TO BE REVALUED quarters, said that the car was ori-AT THE MARKET PRICE.
The step was foreseen at the time ginally registered in the name of Dr. K. Y. Lai, Mr. Davies on Sep-of the Treasury announcement on the fiduciary issue early last month, tember 18, 1937, Ka Sai-man, but other proposals contained in the November 22, 1987, and then Tsang
Bill have taken the public by sur- Wan-cheong.
Richard Wong, of Gilman's Gar-prise, and they are generally re- garded as constituting an impor- age, told the Court that, some time tant stage in development of the ago, a broker named John Leung British monetary system. visited his office with defendant and
The Bill provides that the Bank's asked to try out the car and $250
gold reserve and other assets of was paid as deposit. Defendant two the issue department will be sub- days later agreed to buy the car ject to revaluation weekly at cur-
on instalments.
Defendant, giving evidence, said rent prices, and that any difference between this valuation and note he bought the car through John circulation shall be adjusted by
Leung. The receipt was given by Leung, and he knew nothing about| Mr. Davies. He gave $950 in cash to Leung and $250 to R. Wong, of Gilman's.
the movements of gold between Bank and the Exchange Equalisa- tion Account.
GREATER FLEXIBILITY The Bill will also reduce the fi- The car was later mortgaged to duciary issue (recently increased Tsang Wan-cheong, for $500, and
tó£400,000,000) to £300,000,000 he gave Tsang the licence book
and will repeal the section of the and the receipt.
1844 Bank Charter Act which Mr. Russ, who pleaded not guil- obliges the Bank to issue notes in ty on behalf of defendant, said return for gold. *~~~ ~*`·. that as soon as defendant had
It is stated there is no precedent. agreed to pay for the car, he had in central banking history for the the right to do anything he liked
proposal that the gold reserve be with it, with no intention to de-valued at the independent market.
fraud.
The case was again adjourned.
price.
Object of the measure assum- ed to be to introduce greater flexi- bility into "management" of the
RAIN BRINGS national monetary system, of which
WAR LULL
have
the British authorities now very considerable experience, and the comment of financial writers is generally
British *favourable. Wireless.
Changsha, To-day. Continous rain has deepened the
·lull in north Hunan. Military transport on both sides is difficult as the roads are badly cut up ECHO OF CONTE VERDE
Central News,” ·
Mr. R. A. D. Forrest, senior Ma- gistrate of Hong Kong, has report- ed the loss of a gold cigarette case, valued at £2 108., somewhere in the Central district.
INDO-CHINA
INVESTITURE CEREMONY
|SALVAGE AFTER TYPHOON
(Continued from Page 4) others. The Ship's Carpenter deserves. special mention. Mr. Popoff, our Diver,- did magnificent work, and our match- less Chinese riggers were just their usual selveä. Mr. Brayfield with his vast experience was specially helpful I and gave us very great assistance. ought to mention others but my little- speech would become a catalogue, there is one other gentleman, Captain Scar- pa, whom I must thank. Captain Scar- pa was patient and understanding and- his contribution to our success was a
STEAM NAVIGATION COMPANY very considerable one.
To SWATOW, SHANGHAI |To SINGAPORE, PENANG
CHEFOO & TIENTSIN.
AND CALCUTTA. "Hosang" 8th Feb. 2 p.m.
"Yatshing" 5th Feb. 7 a.m. "Sulsang" **Taksang”
8th Feb. 4 p.m. "Tai Soun Hong"
To {"Wosang". 10th Feb. 7 a.m. “Yusang”
21st Feb. 2 p.m. HAIPHONG.
8th Feb. 3 p.m,
11th Feb. 3 p.m. 15th Feb. Noon
"Wingsang" 15th Feb. 4 p.m. "Chakaang” "Tingsang" 17th Feb. 7 a.m. "Taizang” "Fooshing" 19th Feb. 7am. “Mingsang”
To KOBE & OSAKA,
“Sofaang**
"Katsang"
“Kumsang"
4th Feb. 7 ́a.m11.
21st Feb. 9 a.m.
5th Mar. 9 nm,
TO SANDAKAN.
Mausang” 11th Feb. 10 a.m.
18th Feb, 5 p.m. 22nd Feb. 8 p.m. To CHEFOO & TIENTSIN
sang" 18th Feb. 7.a.m.
JARDINE MATHESON& Co.,Ltd. TELEPHONE 303IL GENERAL MANAGERS
All WOR
"We divided the operations into two- parts, the first to lighten and float the fore end and drag it into deep water and secondly to load the fore end by hanging large tanks or camels and by filling up the foremost lower hold, so lifting and releasing the stern. that was necessary for success. that the Good Lord should send the tide, which he did a day early in the case of the first move but fortunately we were ready. On the night of the second operation I think we all felt we had received our reward when, on or- dering tugs to start towing I was hail- ed from the forecastle head that the wires were coming in and ship mov- ing.
"And now I get this magnificent ges- ture of thanks to crown it all!"
The function concluded with the playing of the Italian Nation Anthem and "God Save The King.".
Mr. Simpson, Saiwan Terrace, has reported a robbery at his house, when a wrist watch, foun- tain pen and a cigarette cake, "to" the value of $95, were stoler..