NEW ADVERTISEMENTS
DIOCESAN BOYS SCHOOL.
FOUNDED 186A. P. O. Box 33. TEL. 37777.
Headmaster0, B. E. SARGENT, M. a.
TEXT term opens on Monday, September 11th,, at 8.30 str. New hors' testa on Saturday, Septem- ber 9th, at 900 am. Entry forms, prospectuses, and all particulars my be obtained form the Healmaster.
Examinations and promotions will take place in November, 1933 and July, 1934.
[1744
HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 4, 1933.
Dewar's
ST. STEPHEN'S COLLEGE. STANLEY
CHOOL re-opens on September
th
Exninination for New
Students on Monday, September 4th at Stanley at 9am. For, Prospectus, For Boarders and Day Boys, Apply to Li Hai Tung, Barker & C, 20, De.
Yeux Hond, U., or to
ST. STEPHENS COLLEGE, SP.NET.
White Label EST SCOTCH WHIS
OF GREAT AGE.
Dewar&So PER
DISTILLERS.
[1044
THE MACAO JOCKEY CLUB.
ROGRAMMES and ENTRY
P for the Sixth Extra Race Meeting, to be held in Macao on Sunday, 17th September, 1933, may be cblained at The Sports Club, Hongkong Jockey Club Stibles, or at the Offices of MERSTR. PETCY Smith, Seth. & Flaming
Des Voruz Road Central.
NOON on ENTRIES close at WEDNESDAY, 6th September, 1933
[L757
CONSIGNEES' NOTICE.
THE BEN LINE STEAMERS,"
LIMITED,
FROM LEITH, MIDDLESBRO',.
ANTWERP, LONDON
AND STRAITS...
The Steamship "BENCLEUCH
NONSIGNEES of Cargo are hereby formed that all Goods are being laded at their risk into the hazardous and/or ertra hazardous Godowns of the Hong Kong and Kowloon Wharf and Godown Co., Ltd., whence, and/or from the wharves Delivery may be obtained.
No Claime will be admittel after the Goods have left the Godowns, and all Goods remaining andelivered after the 11th instant will be subject to Rent
& Douglas.
White
Label
"The Whisky of age
Purity
Sole Agents":
A. S. WATSON & CO., LTD.
BIRTH.
EST. 1841..
A. Merry, at the War Memorial Hospital a daughter.
has been observed in the case of MERRY-To Barbara, wife of F. building societies. These latter have been forced by this plethora of deposits to reduce the interest on deposits, and at the present time the interest on bank deposit accounts is at the lowest on re-
The Baily Press.
HONG KONG, SEPTEMBER 4, 1933.
BRITISH BANKING. AND
THE DEPRESSION
the
OBITUARY
DEATH OF MRS. E. V. M. R. --DE SOUSA
Large Attendance At Graveside
well-known member of the Portuguese community in the per- son of Mrs. E. V. M. R. de Sousa passed away at her residence, fol- lowing a long illness on Saturday, The deceased was the wife of Mr. E. V. M. R. da Sousa of the China Auction Rooms and was held in high esteem by her many
friends.
She leaves a family of six sons. and four daughters to mourn her loss and to them as well as to her husband the sympathy of the wide circle of friends of the family is extended.
The funeral took place yesterday afternoon, the remains being in- Roman Catholic terred at the Cemetery. The Rev. Father Rossi and the Rev. Father Spada officiat- ed at the graveside and there was a profusion of floral tributes from members of the family and their many friends. both social and busi- ness.
יד
In addition to the principal mourners, there was a very large. gathering present at the grave- side. Amongst those present wore Messrs. A. R. Abbas, A. E. S. Alves, C. M. S. Alves, A. Alvarez, A. A. Alves, J. M. Alves, X. J. Basto, P. V. Botelho, A. C. Botelho, A. A. R. Botelho, L. Barros. O. Barretto, A. Barton, F. X. D'Almada e Castro, Leo D'Almada e Castro, junior, E. Gutterez, F. M. P. "Graca, A. J. C. Rocha, D. A. Rozario, D. Lopes, E. Leitao. A. M. L. Soares, F. P. V. Soares, F. Süva, A. EL B. Silva Netto, G. U. da Roza, F. Xavier, P. A. Yvanovich and V. A. Yvanovich.
FUNERAL OF MR. FRANK "CROFT
Member Of Dockyard Police.
The funeral took place on Sa- turday at the Roman Catholic Cemetery of Mr. Frank Croft, a member of the Naval Dockyard Police who passed away at the Naval Hospital on Friday, after a short illness. Father Spada con- ducted the service.
Mr. Croft was formerly a mem- ber of the East Surrey Regiment. e joined the Dockyard Police in 1926 on receiving his discharge from the regiment.
of age, was a most popular figure The deceased, who was 28 years
with
his colleagues. He was
#
ITALIAN AIR ACE KILLED
'Plane Bursts Into Flames
New York, Sept. 2. MARQUIS De Pinedo, the Italian
alr ace, was killed to-day, in taking of for Baghad on an at- tempt to beat the long distance night record at present held by the French flyers MM. Codos and Rosal.
Marquis de Pinedo prepared for the fight with the utmost secrecy and thoroughness. He supervised the construction of the specia' Bellanca plane, carrying 1,000 gal- lons of petrol with an estimated range of 7,500 miles."
The plane was fitted with a sensitised altimeter to squirt cold robot pilot and also an ingenious
water on the face of the pilot at a low altitude and awake him if
POLITICAL STIR | LABOUR POLICY
IN BRITAIN
TROUBLES
Sensational Labour Henry Ford Maintains
Disclosures
London, Sept. 2
Silence"
POLITICAL stir in which Vis-
Washington. Sept. 2. count Snowden, Mr. Ramsay ABOUR polley troubles and the MacDonald, the Prime Minister mystery of Mr. Henry Ford's and Mr. Authur Henderson, Leader ¦ intentions are the big problems of the Labour Party. and alsc confronting the United States In- President of the Disarmament Con- dustrial Recovery Campaign. ference, are the central figures, has been caused by Commander Ken- worthy's allegations of Intrigues over the leadership of the Labour Party in 1831
י
Lord Snowden, yesterday, hotly declared that the story is an "un- mitigated le."
Following the Eastman mem- orandum Mr. J. Whitney, Chair. man of the Railway Labour Ex- ecutive Association fasued a state- ment to the effect that he would take immediate steps to shorten the working day without a reduc tion of wages in order to prevent. According to Comdr. Kenworthy, the railways Dnding no place in coming autobiography, following who is telling the story in a forth- the recovery measures.
Meanwhile, coal-owners and the Idea that
deadlock should go to India as Viceroy, the over a clause in the Code provid-
Mr. MacDonald miners have reached a
Party - approached Mr. Hendersoning for the engagement of men The Marquis taxied 2,000 feet,who was willing to be nominated on along the runway, and was gather for leadership if Lord Snowden
merit rather than on the Union basis. ing speed when the plane skidded was prepared to support him. into the rough. He endeavoured
Mr. Henry Ford still maintains Comdr. Kenworthy and others silence, but it is rumoured that he....... to bring the plane back to the approached Lord Snowden, who is planning ↑ sudden, vigorous runway, but crashed into a fence was at first charming believing offensive against the Administra- alongside
Administration that the indication was to himself. tion, providing US: $5, per day as Building.
Afterwards, Comdr. Kenworthy be- a minimum wage, and a 44-hour The plane burst into flame and leved, when the truth came out. week. the Marquis screams were heard Lord Snowden began to hate the
he was dozing.
the
On the other hand, it is stated
as he tried to jump out of the Party with which he had spent that Mr. Ford may sign the Code cockpit. The machine immediate-many years.
rescue.
יו
ly became a kläzing inferno and Lord Snowden's denial further there was no chance to effect a
accuses Comdr. Kenworthy of ask- ing him to intrigue against Mr. ed to do-Reuter. MacDonald, which he flatly refus
was found beside the wreckage
The body, unrecognisably burned,
Reuter.
TRAIL OF HAVOC Hurricane Sweeps Cuba
Miami, Flordia, Sept. 2. A TRAIL of havoc is being left by the violent hurricane which swept up the Caribbean Sea to Miami, yesterday, after causing
widespread camas telled and Gun
DON'T DRINK BRITISH BEER
Free State Urges Boycott
Dublin, Sept. 2.
if he is not required to open his. books or join the United States. National Automobile Association.
The time limit for submission to volunary Codes expired yesterday.,
General Hugh Johnson, head of the Recovery Administration," has. been authorised to take 'summary action to impose the Codes laggards and recalcitrants. Reuter.
174
оп
LEAVE RAILWAYS ALONE
Washington, Sept. 2. MEMORANDUM advising him not to apply the Recovery Act to the United States rallways, was yesterday sent. to President Roose relt by Mr. Eastman, Federal Co-
A
"DONT Drink British Ale" and Ordinator of Transport-Reuter.
are
"Don't Sail" In British Ships
State republicans.
EFFECTIVE
amongst large-type slogans freely featured to-day by the An Problacht, the organ of the Free OIL CODE MADE Bix people were and many injured at Santa Clara, Cuba, The journal reproduces an Irish where considerable damage was Republican Army statement at. done to plers and ships. Five tacking President De Valera, and ships, including two British vessels, leaders are urging an intersification were driven ashore of Miami, while of the boycott of British goods. two others were stranded off the
-Reuter. coast of Cuba.
Sweeping down on Havana át: 70- miles per hour,
the
hurricane MISS BRITAIN III member of the United Services caused a paric throughout the
BEATEN Lodge, E.C., 1341 and took a pro-city, where communications were minent part at Lodge activities.
POLICE OFFICER'S SON
I
Passes Away At Kowloon Hospital
Fl
wrecked. Reuter.
was
course of thirty five knots 82.498 knots: Paine's 78.449.
Wood led by three, quarters · of a mile at the end of the first lap of seven knots, by two miles at the end of the second and two
and a half at the end of the third and the same in the fourth.
A David And Goliath
Battle
Algonack, Michigan, Sept. 3. Garwood's Miss America won the first of the three races for the Harmsworth trophy, beating the Britisher Scott Pane's Miss Britain
Just before the start a last minute entrant, Dodge's Delphine V. caught fire and did not anti-
This glut of deposited money must have been something of an embarrassment to banks, for at no time has it been more difficult profitably to em- ploy their funds. The rise in deposits has been accompanied by a slight fall in the ratio of cash to deposits, namely from 11.8 per cent. to 10.4 per cent. This is doubtless due, in part, to All Claims against the Steamer must be presented to the Undersigned on or It is a sound practice in the this plethora of deposits, but the before the 25th instant, or they will commercial world in the case of smaller ratio is in keeping with The sympathies of their many not be recognized.
It was a "David and Goliath" All broken, chafed and damaged Goods a group of interrelated companies the general modern tendency to friends will be extended to Crown
Miss America's four are to be left in the Godowns, where to give what is known as a com- maintain this ratio at a smaller Bergeant W. N. Darkin and Mrs.
Darkin in the loss of their little battle. as they will be examined on the 9th rosite balance-sheet. This proce- figure than was formerly con- son, following a short finess. The Packard engines developed seven by three miles.
thousand horse power, compared instant at 10 am., by Mezera, Goddard dure can be easily and profitably sidered necessary. But though Boy who was just a little over a
To comply with the General Bonded followed in the case of British the cash ratio is smaller the actual year old had an attack of fever with the 1,300 horse power of the
He Engine of Miss Britain. Warehouse Rega'ations, consignees must banking, for, as is generally amount of the cash holding is and was conveyed to the Kowloon single Napier Schneider Trophy have Revenue Officer in attendance known, the overwhelming part of £184.8 millions, as against 180 Hospital in a serious state.
dled shortly after admission to The second race takes place on when damaged' dutisble goods - sie.
hospital.
Monday, and the third, if neces- examined
banking in Great Britain is millions on June 30, 1932.- No Fire Insurance has been effected. transacted by five large banks Usually the most remunerative
The funeral took place on Sa- sary, on Tuesday. Barclays, Lloyds, The Midland, source of banking income is that turday, the remains being inter- The National Provincial, and the obtained from advances. The re-red at the Roman Catholic Ceme- Westminster, The last of the turn for this in the last six tery. Father Spada officiated at figures for the first half of 1933 months has been very small. In having been received, a composite the composite balance-sheet these balance-sheet has been contructed were £714" millions on June 30 which serves to shed light on the last, as against £772 millions a finances of the country during a year ago. Expressed in ratio to particularly difficult period.
deposits the fall in the course of It may be said at once that the the year June, 1982 to June, half-year's figures show that the 1938, has been from. 48.5 per period was the leanest on record. cent. to 40.3 per cent. Not only This, of course, is the direct, if has the amount advanced by the deferred, effect of the world banks been less, but the rate on .crisis. This crisis has been advances has been lower than in
Bill of Lading will be countersigned GIBB, LIVINGSTON & Co., Len,
Agents. Hong Kong, 3rd Sept, 1933. [1763
AND
NOTICE TO CONSIGNEES"
JOBAN STEAMBHIP CO., LTD
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
NONSIGNEES per Co.'s Vessel
"LAOMEDON"
FROM UNITED KINGDOM AND CONTINENTAL PORTS VIA SINGAPORE
are hereby notified that their Cargo
ducharged be
will
the service.
MRS. FUNG FOO
The death occurred on Saturday at her residence of Mrs. Fung Foo other of Mr. Fung Yu Wing, manager of the Fung Keung Rubber Shoes Factory.
acting
Gen. Leygues
fi
cipate in the race. The pilot was not hurt.
Wood's average speed for the (Continued on precious col.)
LOCAL AND GENERAL
Two cases of enteric were ported on Friday.
re-
Before Mr. Wynne-Jones at the Central Magistracy R. O. A. W. Grimmitt prosecuted four · Chin
But Prices Not Yet Fixed
Washington, Sept. 3. MR. Ickes has made the Oil Code
effèctive from Sept. 8. fixing
the production at 2,408,000 barrels
daily. Prices have not been yet fx- ed, while imports are limited to the average daily amounts of the last six months of 1932.
...
ULSTER ROAD
RACE
British Cars Triumph
London, Sept. 2. DRIVING a British M. G. Magnette, car, Nuvolari, the Italiazi ace, win the Ulster Road Race Tourist Trophy with an average speed of 78.65 m.p.h. to-day, and
The winner's time for the course
of 478 miles was 5 hours $6 mins.
Mr. E. M. B. Ingram has return-ese Tak Lam, Chan Mang, Chan ed to Nanking in EMS. Sandwich Lam and Leung Lam for the after a tour in the North
illicit possession of 400 heroin pills. || 34. secs. ...... 48 hours remand was granted.
Sir Frederick Maze has returned to Shanghai from an inspection tour in the North of China,
J
partly caused by, and has certain. the same period last year. The death occurred to-day of have six ships built in "Britain out rial Hospital early this morning.
y produced; the state of affairs item bills discounted
termed economic nationalism."
shows
Paris, Sept. 2.
General Leygues, French Minister of Marine.
General Leygues, who was ap-
Premier, Herriot, retained his port-
pointed to the Ministry under
Reuter.
-
into Holt's
a considerable expansion as com Wharf, Kowloon, where it will lie Terms and Conditions of Storage at depends on flourishing trade, and; millions, as against. £255 mil-follo in the Daladier Government days at Viceregal Lodge as a guest at Consigneas risk and subject to Prosperous finance in the long run pared with a year ago (2312 Hölt's Wharf, The Cargo will be particularly, on foreign trade, and lions), but here again owing to ready for Delivery from Godown on and after 2nd September.
any activity which tends to put abnormally low rates the dis Optional Cargo will not be landed restrictions on the maximam of counting of bills has not been re-
trade between nations is inimical munerative to the banks.
י
here, unless Notice has been given prior
to Vessel's arrival, but carried on from port port the final part of call
to which the option sxtends.
to banking prosperity. Owing, The money of the banks has however, to the careful manage not, of course, lain idle, for if
All broken, chafed and damaged foods ment of their resources there is it cannot flow in one direction it
ars to be left in the Godowns, where they will be examined on any Tuesdays and
'some little
time lag" before seeks another. This contraction
MR. GEORGE MARYE
London, Sept. 3. The death is announced of Mr. George Thomas Marye.
Hamilton, driving an M. G. Mid- get, was second, and Rose Rich ards, in an Alfa Romeo, cam third.-Reutez.
GERMANY IN 1934 DAVIS' CUP
Leipzig. Sept. 2:
Mr. Geoffrey Hodson the Clairvoy-
GERMANY eliminated Denmark by three matches to nil in the ant and Author is giving a series quarter finals of the qualifying of Lectures at the Helena May contest for the 1934 Davis Cup Institute, the Peninsula Hotel, and sertex to-day.
The many friends of Mr. and Mrs. F. A. Merry will be pleased to learn that a' daughter, was bom The China merchants line is to to Mrs. Merry at the War Memo- of a loan from the British Boxer Mr. Merry is the representative of
• Messrs. John, Dickinson, Ltd., the Indemnity Fund.
.well-known ärm of paper maufac“. Sir Victor, Sassoon visited Simla turers. Both mother and child last month and stayed for three are doing well.
of the Earl of Willingdon.
Canton, Sept. 2-With the com- pletion of the section from Shaok wan" to Lobchang, the Canton 17, Queen's Road, C., 1st Floor, As the result of their win Ger- Shaokwan section of the Canton Bingle Tickets, $1.00, and season many will be competing in the 1934 Hankow Raliway will take over Tickets (8 lectures 15.00), May be series. Reuter. the newly completed ne on obtained from Anderson Music Co., September 5 Central Press. Helena May Institute. Penirisula bawker Hotel and Hong Kong Hotel Fridays between the hours of 10.45 Lx a slump in trade shows itself in in the amount of advances is off-balance sheet totals (£1,979 a fining a Chinese and within the Free Storage period banking figures. The present set by the considerable expansion millions as against £1,783 mil-31 for falling to produce his & preleminary circular states: a scientifical- No Claims will be admitted after the crisis, which began in the autumn of the item
license when called upon, Mr. Mr. Hodson is ***investments." lions a year ago) indicates an wynne-Jones advised him to be ly trained clairvoyant of the
My most
advanced type, Ells-les- and all Goods remaining undelivered of 1920, has begun to leave its These, which a year ago stood at advance in a period of consider- more careful the next time.
tures and classes offer an unusual after the 8th September, will be subject mark upon even so solid an in- £266 millions, bad advanced by able difficulty. There is, more
stitution as British banking. June 30 last to £171 millions. over, ground for satisfaction in Mr. C. C. Langhorne, agent al opportunity for study under one the Kallan Mining Administration who speaks with the authority of The outstanding feature of this In terms of ratio to deposits this the fact that two only of the in Shanghai, has now left hospital Direct Fersonal Knowledge. By the composite balance-sheet is the was an advance from 17.9 per Big Five" banks have reduced after an attack of typhold. He is use of his extended faculties he increase in the total of deposits. cent. to 26.5 per cent. These their half-yearly dividend and leaving for a convalescence trip to has done much to advance the These have risen by £170 millionis investments have been, naturally, that only by a fractional part. Japan in the Empress of Asta on sum of human knowledge. Mr. Hodson is at the same time a to £1,774 millions, a rise of over of the highest class (mostly gov- From the point of view of trade Monday.
"scientifically minded man and fias
Rome, Sept. 3. 11 per cent. This rise is to be ernment or corporation stocks) generally, the banks figures are Chinese circles in Peiping report tested his powers by working in
Mussolini and the Soviet Am- attributed to the general waiting and the steady buying of these not very cheerful reading, but it that Russia is attempting to obtain conjunction with physicists and on-better-times feeling in the must have had a beneficial effect in interesting to note one pointer further Influence in Bincang physicians both in England and bassador Potemkin, to-day signed commercial community. Not on the fortunes of bolders other of improving trade, and that is Province by taking advantage of America, in an effort to correlate the Italo-Soviet ve year pact of only have the banks been asked than the banke.
the appréciable rise in advances, internal disturbances there. The the dindings of modern science with neutrality and non-aggression, western section of the province is those of the Ancient Wisdom The identical to the recent Franco- to accept on deposit unemployed Taken altogether, it will be for the first time this year, dur vald already to be under Com lectures start on Sept. 7 and con- Soviet pact except but it did not
that the aggregate" of ing May last.
clude on Bept. 16. money, but a similar phenomenon seen
muniat inquence.
define the aggressor-Reuter.
"Goods have "loft" the Vessel's Godowie
to Bent.
All Claims against the Vessel mun
be presented to the Undersigned on or before the sand Feptember or they will not be recognised.
No Fire Insurance will be effected.
BUTTERFIELD & BWIRE,
Agents.
2nd Se; tember, 1933,
[1762
"Editorial and Business Office : -11
Ice House Street. Tel, 30251. Night Editor (Wanchai Office):
Tel. 24611. London OEce: 53, Fleet Street,
E.O. L
ITALIO-SOVIET PACT
Aggressor Not
Defined