COLONIAL SERVICE
CANDIDATES
Their Colleges And
!
Allocations
Special Air Mail Service)
Rhodesia.
London, Oct. 25. A. "C. Jamieson," Cambridge, N. Lists are given below of the candidates selected during 1935 for various branches of the Colonial Service:
COLONIAL ADMINISTRATIVE
SERVICE
S. Angus, Oxford, Malaya,
H. A 6 Johnston, Oxford Nigerta W. F. P. Kelly, Oxford, Kenya. A. T. Kerr. Edhaburgh, Gold Coast, G. G. Kerr, Cambridge, Kenya. J. D. Lambert, 'Cambridgë, Malaya. R A. Malyn, Oxford, Uganda.
T G. Askwith, Cambridge, Kenya,
J D. Bates, Oxford. Tanganyika.
J.
G. T. Bell. Cambridge, Tanganyika,
HONG KONG DAILY PRESS. MONDAY, NOVEMBER 18.
ARE THERE ANY
LETTERS FOR
YOU?
ECONOMIST'S OPINION ON CHINA
FINANCIAL DECREE
Post Office Advertises Thorough But Four Points
For Addressees
Overlooked
Tiéntain.
average need of currency for the total population. Whether which "should" be" employed as the stan- j dard depends primarily, upon the j degret of econòmic development of the nation and the amount of sta- tistical data at its disposal.
In the earlier part of the inter-
COAST DEFENCE
Gun Practice Time
Corrected
The public is, warned that guni practice fromms Mount Davis an 19th and 1st Instant will now taxe place between the hours of a'am. and 1 pm, om tech day, and not between the hours of 830 am, and 1130am. as has been previouslý stated.
perlancin
The following letters are await- ing delivery at the Posts Restante: F. A. Abraham (Valvoline; Oil Co.); Asling--Allun--Mr-H-Ball- The financial decree of the Min- ment, Almond Bearden, Thoms istry of Finance is thorough in McG. Brown, Mrs. J. Campbell, Mrs, many respects but there are four W. A. J. Campbell, O. A Carter pitfalls which the Government, in (8.8. Venitia), Chee Swee Limits desire to rehabilitate the An- 8. Maples, Cambridge, Nikeria 1 James B. Fearon, Miss Jean Forbes ances of the nation, has overlook- i Inplegal tender.""Onenders will be view, Di. Ho opined that the fin- depression, which the not-
(Kowloon), Mr. J. Försyth (LC. &ed, declared Dr. Franklin L. Ho, s.), VR. Grace & Co., Mrs., A. E. Director of the Institute of Econo- Hesketh, William Hing, Hong Kong mics at Nankai University, in an Camphor Estates Co., Hong Kong Interlow with a representative of & Shanghal Export Co., Messrs. the Central News Agency to-day India Far East Express, J. Ah Toean Janes, Miss R. Johnson (c/o D. E. G. Nicholson), Wm. Kneale, Kari Kulw (8.5. King Lee), Mr. C.
A. G. McCall, St. Andrews, Nigeria. A, Mead, Oxford, Gold Coast. HJ, H. Borley, Cambridge, Nyasa A M. Muir, Cambridge, Nigeria.
M. L. Bernacchi, R. Naval Coll., Fiji. | T.
A
11
land.
J. W. H. O'Regan, Oxford, Ceylon,
G. H. Gardner-Brown, Cam-D J. Parkinson, Cambridge, Gold bridge, N, Rhodesia,
R. T. Brown. Cambridge, Kenya. A. Campbell, Oxford, Gold Coast. A.F. C. Campbell, Reading N
· Rhodésia.
P. F. Campbell, Oxford, Nigeria. J-B-Carson, Cambridge, Kenya. B C. Cartland, Cambridge 'Nigeria. A. N. Cohen, Oxford, Nigeria. C. F. Colyer, Cambridge, Nigeria. P T. Cotton, Cambridge, Nyasa
land...
W. F. Coutts, St. Andrews, Kenya. G. C. M. Dowson, Cambridge Kenya, G. E. D. Duntze, Oxford, Uganda.
A. H. Dutton, Oxford, Nigeria,
G. T. Farley, Trinity College, Dub-
lin, Palestine.
Coast,
HO Pilling. Oxford, Uganda. D. A Pott Oxford, Nigeria.- R. Rankirie, Glasgow, Nigeria. C.J. L. Reynolds. Oxford, Nigeria. A. D. Robertson, Oxford, Nigeria.
PAP Robertson Cambridge.
Tanganyika.
P. H. O. Scott, Oxford. Nigeria. G W. I. Shipp, R.M.C.. Sandhurst,
Tanganyiko.
G. E Sinclair, Oxford, Gold Coast, R. Middleton-Smith, Oxford, Ma-
laya.
J. H. D. Stapleton, Oxford, Nigeria G. L Stephenson, Cambridge,
Nigeria.
| J. D. Stringer, Cambridge, Kenya.
I G. Farquhar. Cambridge, Nyasa-†A. C. C. Swann, Oxford, Kenya,
land.
JO. Field, Cambridge, Nigeria,
S. R. Tubbs, Cambridge. Tangan
yiku
L, M, Forbes, Edinburgh and Cam-E.
bridge Kenya.
C. R. Forsyth, Melbourne and Ox-E
ford, Malaya. F. 6. Foster.
Rhodesia
Cambridge, N.
A. W. Gaminara, Cambridge, Sierra
Leone.
A. N. Goode, Cambridge, Malays. G. J. Gorman, Oxford Nigeria. D. W. Hall, Oxford, Kenya, FD. Homan. Cambridge, N.
Rhodesia,
P. J. H. Hornaby, Oxford, Gold
.Coast,
TJ Houston, Cambridge. Hons.
Kong.
J. H. Ingham, Oxford, Nyasaland.
A Waldock, Leone,
Oxford, Sierra
W, M. Watt, Aberdeen, Sierra
Leone.
S, White, Cambridge, Nigeria.
R. H. Wright, Cambridge, Nigeria) J. Young, Cambridge, Tanganyika
POLICE AND CUSTOMS
J. MCC, Barnes. Merchant Taylors'
Malaya.
D.
W. Bigley, St. Edward's Oxford
and Oxford Univ., Malaya,
Leech, Mrs. Legros. Lutheran” Mission,, Q S. Leonard, W, L. Meaden, Mrs. A. J. L. Murray, J. P. B. Nergaard, H. M. Newball & Co Pan Pacific Oil Co. (China) Ltd., R. C. Pass, J. Porter & Co., Dr. Ramanand, Tony Rangel (Mission Hospital), G. Roland, C. J. De Schipper, J. E Smith (c/o Buydr Co.), John Smith, L. F. Sumrall, A. J. Tabugara, A J. Tabugara, E. A. Udy and W. Y. Cooke, M. K. Vajifdar, E. A. Wade, A P. Whiteheal, Mrs. L. Wright
Registered Articles .Bank .of Chosen. Continental]
́Bank, p/p. John Dickinson & Co., E John. Dr. P. J. Todd (c/6 Dr S. F. Lee, p/p.).
Radio-Telegrams
0047, from Bangkor. Yoeyangtjan. from Menado.
To gradually replace the bank notes issued by other private banks with the legal tenders of the central Bank of China, the Bank of China and the Bank of Com- munications may be effectiveiv applied among the commercial banks, said Mr. Ho, but there still leaves the question of the many proving al banks, which have sed excessive banknotes and sub- sidiary notes without adequate ra-
serves.
Whether it is possible for the Government to redeem all these devaluated
provincial banknotes and replace them whole-sale with the legal tenders is problematical.
he continued...
LEGAL TENDERS PROBLEM
To this noted Chinese economist And statistician, the Ministry 7115, 1318, 2806 (Chan Foo Muk). should set a time-limit for all the from Nanking
provincial banks to retire all their banknotes. If the provincial banks and it impossible for them to ex- change the legal tenders with all ver, as a step towards the redemp tion of their own banknotes, the Ministry should itself become a stock-holder- of
the provincial banks-by supplying legal tenders
· 3080, from Shanghai.
Farold Tan, Lock Kouk Hotel,
from Swatow.
H. Halstead, Wellington Technical
Coll.. New Zealand, Gulana.
L. P. R. Browning, Haileybury. A
Jamaica.
Brit
M. Hazlerigg, Lewes County to these financial houses in order to tide them over the present situa- School, Jamaica.
tion
E. J. Evans, K. Edward VII. G.S., J. H. Hindmarsh, Durham School,
Stratford-on-Avon_and_Oxford,!
"Malaya.
C. H. Fenner. Highgate, Malaya.
Kalaya
Another dereci détected by Dr. PI, M. Irwin, Ciliton and Cam- - Bo in the Government's policy is
bridge. Ceylon.
the difficulty of withdrawing, at
५१
ancial rehabilitation policy of the Government was underway when Bar. T. V. Soong, now Governor of the Bank of China, headed the Ministry of Finance. The abolition
One of the most important re- waits of the «ciovernment's emer- gency financial measures, in the view of the leading economist, is
it is, thereforec, kita? for the Government to pagarse a com- mittee of experts to study the stan the outset, all silver from circuis dard of management in order to tion in the inland market Ac-insure the exectiveness of the cording to the order or the Min-managed currency policy.
PRE-ARRANGED PLAN stry, effective from Nov. 4, all pay- ments in saxes and in public and private transactions must ce mace
condacated of their silver.
The supply of legal tenders in the interior, explained Dr. Ho, is insumaient at the present. If the country peple are prohibited from
of tael and the increase of the the "unification of the monetary using river in their cally trans-
Government" stock In the Bank of ❘ standard of the country, the-cun- actions, there may be a danger of China and the Bank of Com sequence of which will benefit the a total stoppage of trade.
munications at spring, said he, nation's commerce and industry. Asa panaces, the eminent economare steps taken preparatory to the
NO INFECTION ist suggested that the Government adoption of a managed currency
He scoffed at the interpretation struct all post offices and tele- policy. graph offices in the inland to ex- Speaking from the standpoint off some observers who think that change legal tenders for silver principles, Dr. Ha agreed that the the general rise of the recent price Another remedy is to have the Government should have the sole level is a symptom of insadon. As Government sponsor public enter-control of the currency of the na- a matter of fact, he asserted, the tightening or the currency market in China has been going on dur- ing last few years. The business depression has already reached its Inwest ebb. At this juncture, an adoption of the managed currency A third point overlooked by the Ministry in its notification, stated
policy, with a view of inflating the He recalled that the managed arrency under a restrictive and Dr. Ho is that the managed cur currency, system has become the systematic mannar, mi- „unqués- rency, policy applies only to cash latest trend of Anancial administ-onably stimulate China's com and banknotas. It has neglected ration in the world. Sweden, dur-
merce and industry. the credit business. It regulates ing the European War, had adopt- the reserves of the banks but says ed such a policy: England fel- To prove his assertion, Dr. Ho nothing about the credit loans.
recent reports from lowed suit two years ago with satis-cited the In the present age when credit factory results while the United Shangnai saying that the foreign transactions are just as important States enforced a similar system stocks in the port city have ex- as money as the medium of ex-] last" year. Other progressive na- perienced a boost while the reality change. continued the authority, tions are alan taking the some business has once more become" credit loans abould disq be put steps. under the control of the Gover- ment. Any credit extended by the financial house should be covered with an equal amount of reserve in order to avo'd any future financial crisis.
"prises in the hinterland in order to put more legal tenders into cir- cuiation.
THE THIRD POINT
tion. An enforcement of a man- aged currency policy, he avertid, merely gives the Government the legal rights to regulate the demand for and supply of currency In China.
Dr. No heartily agreed with the measures taken "by the Govern- ment but he was of "the opinion that the palley should have been adopted two or three years ago. For if China had embarked on a According to Dr. Ho, an enfor- managed currency then, she could cement of the managed' currency have been able to prevent the re- policy requires a standard of man- l'cent exodus of the white metal, agement This, standard may..the tightening, of the curreres ither be the price index or the marist, and the extreme business
active.
Stressing the fact that a man- aged currency policy affects the | whole econom'c well-being of the nation, Dr. Ho advised a careful and moderate policy on the part of the Cloverninent. He also urged ̧· the Government to exercise ex- treme care in the organization and the selection of the personnel fo carry out the measures. Central News Agency.
t
SAFETY
心
路
FIRST
小
PUT AND TAKE
SAFETY FIRST.
NO
RISKS.
ALL
PUT FORTH YOUR ENERGIES IN THE REDUCTION OF ACCIDENTS.
PUT ONE THOUGHT FOREMOST-SAFETY.
PUT TWO WORDS FOREMOST-SAFETY FIRST.
TAKE ONE SPECIAL PRECAUTION-DO NOT ALIGHT FROM VEHICLE IN MOTION. TAKE TWO SECONDS TO LOOK ROUND BEFORE CROSSING THE ROAD,
ALL TAKE NECESSARY PRECAUTIONS TO AVOID ACCIDENTS AND ALWAYS REMEMBER.
SAFETY FIRST.