NEW ADVERTISEMENTS
LADIES RECREATION Club,
ANNUAL TENNIS TOUR TAMENT will be held during the Months of OCTOBER and NOV. KMBER Fall particulars, with Entry Fornis, may be obtained from the various Olaba.
0236
THE MACAO JOCKEY CLUB.
HE FIRST
EXTRA RACE MEETING will be held (WBA- THER PERMITTING) AL AREIA PEETA MACAO. on SUNDAY, 4TH OCTOBRE, 1931, Commencing st
The First Boll will be Rung al 12.30 r..
MEMBER'S ENCLOSURE.. Members are notified that they and their Ladies must wear their Farges Prominently displayed.
No One without a Budge' will be admitted to the Members' Enclosure.
Badges admitting Non-members to the Members' Enclosure at 81 Each aro obtainable through the SECRETARY upon
Ja Member:"
can obtain upon application
to the SECRETARY Badges (Limited to Ons) for the Free Admission to the Enclosure of Wives, Lady Members Belatives and Friends..
Tiffin and Refreshments will be avail able in the Enclosure,
PUBLIO ENCLOSURE.
The Price of Admission to the Publis Enclosure is $50.
Children under the Age of 15 Years will not be permitted in either Enclosure during the Meeting.
No Dogs will be permitted on the
"Race Course,
STEAMERS.
The. 8.STAL SHAN" will leave
HONG KONG at 8.0
from MACAO at 6:30 r..
By Order,
Retarning
W. L. ALEXANDER, Secretary.
Hong Kong, Peth Sept, 1931. -
[1235
THE HONG KONG JOCKEY CLUB,
PROGRAMMES,
DENTRY FORMS
and for the
NINTH EXTRA RAUE MEETING, to be held on SATURDAY, 10THOUTU. BER, 1931 (Weather Permitting), may be obtained at the Raos CoraSE, HONG KOND Club, Causeway BAT STABLES and the BacaZTARY'S OFFICE
ENTRIES CLOSE at 12 O'CLOCK NOON, on THURSDAY, 187 OCTO.
[1238 BER, 1931,
NOTICE OF REMOVAL,
Ehave THIS DAY REMOVED
Our Offices to
10, DES VOEUX ROAD CENTRAL, SECOND FLOOR (above MESSES, WHITEAWAY, LAIDLAW & Co., Labh.
BANKER & Co., LTD., Import and Export Marobunts, Hong Kong, 28th Sept., 1931.
[1231
A. 8. WATSON & CO. LIMITED:
ابر
SHANDY
IN THE WORDS OF MILTON IS" DELECTABLE BOTH TO BEHOLD AND TASTE WHEN IT'S MADE WITH
WHITBREAD'S
Britain's Best Beer
BECAUSE TUIS BEER
IMPARTS TO IT! AN APPETISING COLOUR AND THAT DELIGHTFUL FLAVOUR AND AROMA OF THE
Finest Kentish Hops
FROM WHICH IT IS BREWED.
TRY IT AND INHALE, A
Breath of Home
DON'T SIMPLY CALL FOR A SHANDY-DEMAND AND ENJOY A
"Whitbread Shandy"
SOLE AGENTS:
A.S. WATSON & Co.,
LIMITED.
EST. 1841.
THE CHINA LIGHT & POWER CO. (1918), LTD.
L.OS.T
PPLICATIONS for the Issue of Duplicate Certific-tes, orgther Certificates in licu thereof, have been received by this Company from
MRS. CHAN MOK SZE, of Hong Kong in respect of Certificate No. 11757, covering Fix Shares Numbered 861870/861875, and CHUN CHIU TUNG, of Shang-"
hai, in respect of Certificate No. 11898, uvering Bixty Bhares Numbered 876987/876425, upon statements that the respectivo Original Certificates have been Lost or Mislaid.
NOTICE IS HEREBY GIVEN that, if within THIETY DAYS from the Date hereof No Claims or Repro sentations in respret of such Original Certificates have been received by the Company," this Company will then proceed to deal with the Applications,
THE Undermentioned Certificate THE
for 50 Shares in this Company, registered in the Name of KWOK SIN HING, has been declared LUST. If at the expiration of no Month from the Date hereof the following Share Certificate be not produced to the Company, namely, Certificate for 50 Shares No. 20,191 to 20,240, A NEW CERTIFICATE for the said- shares will be issued by the Company Hong and thereafter NO OTHER will be recognised. :'or
For THE CHINA' LIGHT &
POWER. Co. (1918), LTD., SHEWAN, TOMES & Co., General Managers.) Kong, 23rd Sept., 1991. [1226
A, S. WATSON & CO., LTD. CREDIT FONCIER D'EXTREME. Hong Kong, Era Sept., 1981. [1147
THE HONG KONG & ́CANTON- ICE MANUFACTURING COMPANY, LTD.
NOTICE TO SHAREHOLDERS,
TOTICE IS HEREBY GIVEN NT TENTH ORDINARY YEARLY MEETING of the SHARE- HOLDERS in the Company will be held at the Does of the GENERAL MANAGERS, 2, Lowen ALEERT BOAD- HODS
OCTOBER FRIDAY, the fan
st-10:45 A., for thei purpose of receiving A Report of the Directors together with a Statement of Accounts, declaring Dividerd and re : olecting; Directors and Auditor
T TRANSFER BOOKS of the Company will be CLOSED feat the 24TH SEPTEMBER to the P OCTO, DEB 1991 Both Baye inelkäi48.........
By Order of the Board of Directors,-..
7, D. THOMSON,
Acting Becretary. Hong Kong, 19th Seph, 1931 (1811
* ORIENT. MORTGAGE BANK AND· ESTATE ··
AGENTS,
" PEAK MANSIONS". Six-roomed & Five-roomed Apartments
- PRINCE EDWARD ROAD,
KOWLOON,
Detached and Semi-detanked Vills." -Modern-Construction-with. Garagez
·~ CAMBAY BUILDINGS” Flat wite Modern" Convenionons,
What do
you want ?
If there is anything "you want to buy, or
sally try a Classified advertlement.
25 words $1.00 prepald
for 3. Insertions.
HONG KONG DAILY PRESS TUESDAY, SEPTEMBER 29, 1931.
GILMAN'S
for
HILLMANS
A truly British car, with an engine up. to American power standards that's. worth
your study and final choice.
SEE THE
HILLMAN
WIZARD
AT THE
!.
FIRST!
DURO
in Nathan Hoad, Kowloon.
GARAGE
GILMAN & Co., Ltd., Agents.
DEATHS. PEREIRA-On September 22, at Shanghai, IRIDONA MARIA PEREIRA, aged 84 years, STRIJEVSKY-On September 21, at Shanghai, O. STRIJEVSKY, aged
160 years, 2AN VIEIRA. On September 2, BonGIA
MARIA VIEIRA, aged 32 years."
Editorial and Business Offeex: 114
Ice House Etrest. Tal. 30251. Night Editor (Wanchsi Office):
Tel. 24511. London Office: 33, Fleet Buraot,
E.O.
THE POUND STERLING."
Is it possible to state quite briefly and clearly what happened when England Went off the Gold Standard? The attempt is at least worth making, for if the pub ject comes up at tin it is a enso of quot homines, tot sententiae, as many opinions as there are men, and there is sure to be some one who will argue that as the Bank of England is still buying gold, and has a reserve of one hundred and twenty millions in its cellars to meet any undertakings to pay in gold, the expression is a misnomer. Apparently nothing happened at all. The closing of Bourses all over the Continent, the postponement of the conversion of the War Debt; the fire shilling Income Tax, scarcely bear out that theory.
The pound sterling has had a long and fascinating history of a thousand years, during which it has beca of greater service than
HONG KONG REPORTED
HEAVILY OVERSOLD,
The Flood-Lighting of London.
A London correspondent has some
י
The cross rate New York-Londonuts to find with the Bood-lighting- of various great buildings of ther City, Ho considers that the illu mination of London may have had uses from a publicity standpoint, its use
not so satisfactory. but considered wathetically, it was
ւէ
wonder how many would have sur vived the spectacle of Epstein's Genesis illuminated in a vivid
resources of London and New York; DOLLAR STILL AT 14, 2d. | Tale of the Day. then hy great exports of gold,
A snall, motor car was approach- finally, when the United States
ing a level-orossing. The gates came into the war, by the artificial
wero open, but a train oxpress. pegging" of the exchange with
could be heard in the distance. “I that country by mutual agreement
think I can do it,” said the driver. and legislation. The currency re- The official rate of the dollar atas he accelerated. "Bio risky, quirements of the home market yesterday's opening of business was still go ahead ventured tho were met by removing from the 1/2d. A small amount of business friend sitting next to him. Then it Bank the obligation to pay in gold was done, however, at 1/2-7/8d, was that a little man in the dickey and the, circulation of irredeem- Thore, is a good doni of speculaleant forward and said: "I don't. nale" paper. Experience showed tion as to the trend of silver in the caro who wins the race, but I hope that, as there was no panic, this immediate future and speculators in wor's, be a dead-hout!". oxpedient was quito effective for in Hong Kong na well as Shanghai currency purposes, but when the are reported to have oversold con "peg" was removed it appeared siderably. Shanghai is said to that the pound" which was worth have been oversold by £4,000,000 1 twenty shillings in England, was worth only thirteen shillings and yesterday was 0. .83.80 four pence for paying debis, tadan American Bank. The function of standard of valus had been divorced Government. The great industries, from the medium of exchange they used to have in regulating they say, lost the elasticity which Wall Street was dreaming of sup- wages by the actual earnings of the Westminster Abbey," he writes, planting Lombard Street,
industry," and they have been unable
looked to me like a cardboard.. An adequate supply of gold fortain their output. Nothing has buiking on a movie set. Somer- lower their prices so as to main. foreign exchange was gradually ac- been said, curiously enough, of the cumulated by what was called the possibility of what actually occur at House appeared to be made of Buckingham gold premium,the bid by the red panic of foreign investors. pink blanemanga.
Tho bullion reserve has tended to Palace was. better, but the Queen.. any other "anit, of exchange" in Bank of England of a higher price be shant one hundred and fifty Victorin Memorial was jaundice the double capacity of actually
in fiduciary" coinage for the raw millions sterling, of which it now sørving as a medium of payment and as 'n standard of valus. The gold coming to the London market Appears that one hundred and yellow,"
One trembles to think' how the " than the price fixed by Sir Roser twenty are earmarked for parti modern system of Banking, based
cular obligations. During the
ap en discounting bills, was first de PELL. The rains of the Rand had a "fight from the frane some Albert Memorial would have" reloped in the North of Italy at boom, American gold-mining had a years ago, about a hundred and peared, bathod in a delicate shade, righty millions worth of money of mauve, and one cannot but, slump. The great stores of gold was transferred from France to ho, end of the Middle Age period, in the American Banks were pre English investments and usually and the name of Lombard Street vented from having their natural deposited with banks on loans for still commemorates the discovery effect of cheapening the dollar by short and definite periods. The that the City of London was by locking up great quantities of German breakdown, the report of
it-called "aterilisation" because Sir GEORGE MAY's Commission on green... virtue of England geographical the gold was in this way prevented the Unemployed Benefit schere, position and foreign trade from encouraging the import trade; which has been widely misunder- Some Racketeering Stunts. favourable spot for the transaction London was alarmed at Canadian stood as stating that the Treasury The chief difference between proposals to put their dollar on to and not the Fund was bankrupt, of international business by the ex- the basis of gold by linking it with led to a panic withdrawal of these English and American life to-day- change of pieces of paper by the American dollar, and South deposits French credits were soon would appear to be that," when "credit-worthy” dealers, and Africa was going back to the gold exhausted, and the thirty millions trouble starts an Englishman ruos standard on tho advice of a Chicago of gold which tho Bank had avail- subsequent entry in & Bank
banker and an Amsterdam expert able were a poor protection against to a policeman, whereas, this is the ledger. The pound had ceased who were called in to advise, and the avalanche of demands, France last action which occur to many to be merely a coin in circulation Mr. WINSTON CHURCHILL hurriedly owes England six hundred millions Americans, An American corres- "linked" the pound sterling to of War Debt, but has not paid from hand to hand, and had be gold. The linking process did not more than the annual interest and pendent writes that a short time come a unit of value consisting of mean the restoration of the Bank's refused to repay any portion of ago he had some trouble over his coins, legal tender notes, and in obligation to pay a sovereign for the capital, still hoping that it bill in a speakeasy. His ebequer every twenty shillings or every will never have to be paid. So, increasing propertion of other round note. There was no trouble with the Prime Minister's approval, was ostentatiously torn into lour paper instruments of credit. The about the home currency. But for the Bank stopped paying in gold, picces, and he was fortunate to increase in the quantity of our-
purposes of international currency though, of course, prepared to escape from the building with noth un. obligation was laid on the pay in notes, the price of an ounce rency and its greater rapidity of Bank to deal in a larger unit, of gold, rose to £5.12.0, and the ing worse, than a severe jostling. circulation led to a fall in its the bar of gold bullion, which franc rose from the rate of 124 to Luckily he confided in his book purchasing value in England which would not be of any use to anyone the £ to 90.
but bankers and cambists dealing in England is still to a vast amount manager, but the next morning no was modified by foreign investment exchange. As the purity of the a creditor nation, and the fall in loss than
four cheques, and purchases. The gradual changes gold and the weight of the bar were the value of the paper pound willing & photographed reproduction of in the measure of value were prescribed the effect was essential promote production by making it his signature, were presented for ly the same,the bar containing possible to sell manufactured payment. On referring the matter scarcely noticed, but we find in the enough gold to make a definite articles at a lower price. But for to the police, he was strongly ad- SQUARE UP TO THE MOB.
letters of the Paston family pub number of sovereigns A
the time gold fias become a com-vised to take no further action. Ilished half a century ago that a During the last twelve months modity like any other article of THE complete success achieved by pound would in the Fourteenth Cen-mony critics of this arrangement commerce, the currency has been Things Which Might Have Been
have been expressing the view that again divorced from the inter mobs of rioters in wrecking practury purchase tenfold the quantity the "link, even if desirable in national standard of value, and tically every Japanese shop in the
itself, was premature, Wagen had even when the stock of bullion has been fixed during the war on the been replenished it is not likely Colony, in murdering a number
basis of a currency not tier op to that London will for a long time of Japanese men, women and child.
gold, and these rates were protected to come be willing to lock up its ren, and in safely effecting such
by the very powerful Trades Unions surplus capital in long term loans who have recently controlled the to foreign countries, at any rate minor crimes as tearing the clothes
... (Continued on nezy Column.) not with the old confidence... off women suggests the need of a thorough inquiry, by the Govern mont into the proper methods for suppressing civic disorder at the outset, and for dealing with large nobs if the situation gets out of hand on some future occasion. Last week our small police force barely enough for its routine tasks was harried from place to plaes by false alarms, und, from the out-crucial requisito is that it shall set, riceded military reinforcements be one commodity and not several, and demonstrations, A plan of co- because the relativo value of these operation with the military is an will vary in relation to each other, and the variations would intro bvious necessity if a sense of con fidence in the Government's ability dues needless uncertainty and com- to discharge ita primary duty of [plication.. keeping order is to be restored- Such a plan should be drawn up in conference between senior police and military officers, and its main outlines published. It is always 'well to let rioters know what they may expect! If the rioters on Thursday and Friday had been rounded up in large numbers, taken before Magistrates, holding per- manent session at the police stations and sentenced then and there to abirching, and released, after punishment, to spread the news, the-subsequent tragedies would not have occurred. In Macao proper precautions were taken; the streets were patrolled, and there was no sign of trouble. It would, perhaps, bo well to inquire how this was achieved, and to get advice from that quarter.
The Daily Press.
HONG KONG, SEPTEMBER 29, 1931.
If those responsible for the task of keeping order in this Colony feel, after last week's experience, that the tork is beyond them, tho, best thing they can do is to seek la transfer to a quieter, and less difficult place than Hong Kong, The alternative is to be ready for
emergencio£
of commodities that it would in our own time. One may fairly draw from the long history of English prosperity in commerce and finance one or two conclusions. thint coincide with common sense: (1) that our standard of value shall be as stable as possible, even though absolute stability is not ob tainable; (2) that stability is best secured by international trade, which spreads the ups and downe of good and bad. seasons over the largest possible area; and (3) that, whatever the standard may be, the
ench bear
Less Brutally Expressed, d
A Surrey paper recently contained the following: An interesting ad-" dress on The National Care of the Child,' by Miss was much ap preciated by all, and Mrs., in a short, address, made an appeal for the use of the human killer,
Local Notes and Events ★
There was a clean bill of health in the Colony over the week-end.
بخور
It is advertised that the annual this tournament at the Ladies' Recreation Club will be held during October and November...
In view of the present political unrest in the Far East, a five- minutes prayer meeting was held by the Hong Kong University Chris tian Association at St. Stephen's Hall on Sunday, at 8 p.m. for the immediate restoration of peace and for the protection of the lives of A notice issued at the Harbour the people in the countries involved Office stated that H.M.S. Seamew fillowed by talks on facation read
in the trouble. The prayer was will be carrying out a full calibreings, the speakers being Misses 3-inch bombardment at Sax, Chun Pope, L Todd, and Baxter, and to-day commencing at 10a.m.
Amongst the items on the agendu for to-day's meeting of the Sanitary Board is a letter from the Govern ment relative to a proposal to hold Sunday morning service in the chapel of the Protestant Cemetery.
From the files.
Looking Back 25 Years.
Our Canton correspondent, writes Consulate Pratt of Wuchow com that it is reported that H.B.M. municated to Consul General Mans- field that a certain British Com Mesars. Leo Hah Liong, Lam Kow pany has sent one of their steam Sir ROBERT PEL recognised these
Cheang, and Lam Chin Tang principle in his famous legislation
launches named Tai Hing to trade. between Kong Huu and Lau Chow of 1844, of which the most import
Members of the Hong Kong up the West River. The above ant provision was the fixation of
University Union were hosts at a places are non-treaty ports, and tea party yesterday given in honour according to treaty regulations, no the paper price of an ounce of
Mr. A. B. Sulieman who is shortly foreign vessels are permitted to. gold. There was a legal decision |
leaving the Colony, Mr. Sulieman trade there. To ment this, it is that every sovereign should contain
is a very popular member of the said that the owners altered the 210/934 of an ounce of pure gold, Kong University Engineering, So more than one form of sport. Be Kwai Fu, and flew the Chinese dag. Under the auspices of the Hong Union, having represented it in name of their launch Tai Hing into and Sir Rogear, therefore, as there ciely a lecture on" Ori. a Journey sides, being a very keen and useful This is an offence against both the aro 240 peuníca in the pound, fixed With Einstein. Through Space
cricketer, Mr. Sulieman is a hockey British and Chinese laws. It in will be given by Rev. Father Jplayer of no menn merit and has worthy of note that Consul Fratt the price of an ounce of gold at Byrne on Friday, October 2, at 8.30 been a tower of strength to the made this smart discovery in time, the apparently arbitrary price of p.m. in Room "K" of the Univer University team. Mr. K. T. Loke, before it could involve the British
£2.17.10. The amount of the re-sity.
chairman of the Union, was in the Government with the Chinese. It ehair and there was a very large is said that, the Consul-General of serve of gold bullion or coins in
Acompan__woman was charged turnout to bid Mr. Sulieman good- Canton has ordered the firm to ime, proportion to the notes issued, the before the Hon. Comdr Hole at bye, and to present him with a immediately withdraw their veteel so-called "fiduciary" coinage, the Marine Court yesterday, with beautiful silver cigarette cast. from that run. Our correspondent
having refused to carry European passengers when called upon to do
presumes that an enquiry will be held at the British Consulate on the arrival of the vessel at Canton. Hong Kong Daily Press, Septem
was also fixed, and the system worked well up to the time of the
ao at the Kowloon Railway. Pierw
Great War, one or two difficult on Saturday morning. The Accused ourably modifed. Case No. 4 had moments when owing to panic there pleaded guilty to the charge and the strongest possible hereditary was a rush for legal tender money imprisonment..
was fined 86 me in default five days aral general tendency to consnmper 28, 1903.
tion, but during his previous reais Looking Back 60 Years." dence hore, extending over several being met by a temporary increngo
Under the heading of “f Climate Guillerme d'A. Guimaraes, bro years, he had enjoyed vigorous. of the issue of notes or the use of
ther of Leo Guimaraes, was again health, and it was not until hear in relation to Distand Dr. Myers, the gold coin reserve beyond the before Mr. Williams at the Central rived in England, and had been sub of Takow, says I must notice legal minimuZZI..:)
Polico Court yesterday, in connec jected to the influence of its fitful the very favourably effect residence The vast destruction of the Great Lion with charges of larceny by climate, that the germs so long in South Formosa would appear to trick of $7,000 and $3,000. Mr. J. dormant burst forth with a vigour exert on tuberculosis. It would War, of course, made it impossible M Remedies appeared for the de- which soon brought about the result seem as though arrest of disease to maantain the old systen mous obligationi Blates were mot
which alte
Enor fendant and applied for a remand recorded denti Ive had other may often be brought shoutnud. United and bail. His Worship adjournedcases which I feel sure were mater every case I have noticed that ins
the case for one week and remarked rially benefited by their athy in painful soncomitants and cor that he preferred, not to grant ball Takow"-Hong Kong Daily Fres, quences are considerably the röintive set.
Suptember 29, 1891.-
(Continjied on,