NEW ADVERTISEMENTS
THE EASTERN MERCANTILE AND CONSTRUCTION COMPANY,
LIMITED.
(IN VOLUNTARY LIQUIDATION)
Meeting of Creditors of the
above Company will be held in the Board Room of Messrs. Lowe, Bingham & Matthews, Mercantile Bank Building, on Monday, 23rd December, 1988, at 12 o'clock Noon for the purpose of receiving a Slate- ment relative to Section 219 (1) of the Companies Ordinance 1992.
It is the intention of the under- signed to declare an interim dividend in this matter on Monday, 27th January, 1996.
All Creditors are required to fila their claims with the undersigned on or before 15th January, 1936, other wise they will be excluded from participation in this dividend.
A RITCHIE, CA., E: M. BRYDEN, C.A.,
Joint Fiquidators, LowE. BINGHAM & MATTHEWS,
Mercantile Bank Building. Hong Kong, 5th December, 1935.
NOTICE.
14032
Editorial and Business Office: 11
Ice House Street. Tel. 30251.
| Night Editor · (Wanemat · Cotes); :
Tel. 24511.
London Office: 53. Fleet Street,
E.C. L
The Daily Press.
HONG KONG, December 7, 938,
`LOCAL CURRENCY MEASURES
to
The Ordinance establish Government control of exchange in the Colony with a view to pre- vent undue fluctuation of the silver dollar. which was passed' at one sitting of the Legislative Council on. Thursday, did not come as a surprise to many. The trade of the Colony has been subservient to outside influence long enough, and the only surprise one could express is that why has not silver been nationalized before so much harm has been done to the trade of the Colony."
As the Hon. "Attorney-General has said in moving the Bill for adoption that it was hardly too much to say that if our exchange
WE have this day changed the market was used only by the Hong name of our Company to Kong community. It might be pos- BLACKMORE, BASTO & SHANKsible to allow the currency to re- LTD.
BLACKMORE & BLACKBURN LTD., York Building.
26/11/1935.
THE
NOTICE.
main in the present. anomalous position until conditions in other parts of the world became clearer. But that was, of course, not the case. The exchange market of the [3998 Colony was opened not only to those who have legitimate interests here, but also to any who might wish to make use of it. There was therefore a danger that the ex- change value of the Hong Kong dollar might be, subjected to wide fluctuations through the action of speculators outside the Colony, to the detriment of our own legitimate commercial and Industrial "in- \terests.
HE PUBLIC RECEPTION to H. R SIR ANDREW CALDECOTT K.T., C.M G., C.B.E., will take place at the Volunteer Head Quarters on the 12th December, 1995, at Noon.
AN ADDRESS OF WELCOME to His Excellener" will be presented by the Honourable Sir Henry Pollock Kt, KC., L.D., and the Honour able Bir Shouson Chow Et, LL.D., on behalf of all residents of the Colony of Hong Kong.
SEATING ACCOMMODATION WILL BE PROVIDED FOR ALL THOSE WHO DESIRE TO BE PRESENT.
The Hon. Attorney-General has very
cleverly sunimed up the situation in regard to exchange and its adverse factors. And his knowledge was not only shared by himself, but by the Government. Therefore it is the mote surprising that some such fictions, as now £dopted, "should be so belated in coming. However, it is better late than never; and the step taken
Special provision has been made in 15, we feel confident, welcomed, by
case of wet weather.
[4027
all.
The new measures, if faithfully and resolutely carried out, will prove beneficial to the business men as well as to the wage earn- iers, and will be a drastic antidote
HONG KONG DAILY PRESS. SATURDAY, DECEMBER 7, 1935.
NEW MINISTER
WELCOMED
U.S. INTERESTS
IN CHINA
Gathering At Union Treaty Rights Must
Church Hall
The Rev, K, Mackenale Dow, the newly appointed pastor of the Hong Kong Union Church and Mrs. Mackenzie Dow, received ́s warm welcome last night, when members of the congregation gathered in the church hall,
Kennedy Road.
#
representative denominations,
There WES gathering of prominent of whom were Bishop Hall, Rev. H. W. Baines, and the | Rev, and Mrs.
MacLean, newly appointed pastor of the Kowloon Union Church,
J. 'D.
Mr. S. V. Boxer of the Union Church Council welcomed the new arrivals on behalf of the congre-
gation, and expressed satisfaction that the church could now boast a pastor of its own. The church had, in almilarity to its sister church in Kowloon, carried on for while withour a minister, but now those days were ever.
The speaker said that he felt sure Mr. Mackenzie Dow could look forward to happy days, ahead, and promised co-operation from the Church Council.
Rev.
Mackenzie Dow in reply said that he was overwhelmed at the magnitude of the welcome. He was flattered and felt sure that these remarks. applied to his wife also. Reference was made to the Rev. MacLean, pastor of the Kowloon Union Church, whose welcome he had attended last week. He was looking to a very successful ministry.
only
several
During the evening speakers voiced their welcome to the new minister and his wife, and
pleasant function a brought to close with a serving of light refreshments tea,
!
LUCKY NUMBERS IN STATE LOTTERY
WLS
the and
Shanghai. Dec. 6. The seventeenth State Lot- tery drawn this afternoon re- sulted as follows:-
First prize of $250,000 drawn by ticket No. 278359.
Four cecond prizes of $50,000 each drawn by tickets Nos. 182683, 234001, 182845, 224635 Reuter.
against the operations of specule- NO OIL "WAR BUSINESS'
HU HAN MIN'S VIEWS
tors.
Shanghai, Dec. 5.
¦
It is common knowledge that our A report was received here to currency is closely linked with that nay from Mr. Hu Han-min in Nice, of China, and that the deflation of Southern France, saying that he the Chinese dollar, as a result of will soon return to China appar- the American silver policy, had ently to become President of the Executive Yuan.
Mr. Hu is said to have stated that he will first proceed to Hong Kong where he will meet South west leaders. After a conference
In that Colony, Mr. Hu will finally decide whether he will go to Nan-
king or not.
gravely affected local industries. China's finances have also for a
long time been in a more or less chaotic condition, and now with China divorced from silver, a scheme to manage the Colony's currency
at once became imperative. And we are thankful that the local Government also realized the dan- According to report from Nice, ger of the situation. The compre- Mr. He is said to be disappointed henstve character of the plan by the League of Nations' failure shows that it is the product of very in restraining Japanese aggres, careful preparation. Nevertheless sions in China, while Geneva does every one acquainted with local not hesitate to adopt sanctions conditions will understand that an cgainst Italy,
uphill fight will have to be waged "Co-operation with any foreign to secure its realization. power must be based on equality, We believe, however, that the and reciprocity," Mr. Hu added. "There is no equality in the present dealings with Japan."
Asked what he thinks about economic co-operation with Eng land and America, Mr. Hu was non-committal-
Union News,
easures, as incorporated in the Ordinance just passed, will be ample to protect the exchanges. but it must not be assumed that there will be no deviation from the rates at present axed; ex- perience may show that some al- teration is advisable or necessary.
EXPLOITING FOR COAL MR. RIDDELL'S NEW POST
(From Our Special Correspondent)
Ottawa, Dec. 5
Be Protected
Washington, Dec. 5. Mi. Cordell Hull, the Secretary State, has given notice to the world that the United States does uot look with equanimity upon the autonomy movemen In North China. He call upon all nations to respect existing treaties.
He does not mention Japan in his formal statement; but observers believe he ·was alluding to that power when he said:
"Whatever the origin or what ever the agents, the fact stands ou that an effort is being made, and being resisted, to bring about a substantial change in the poli- tical status and condition several of China's northëm pro- vir.ces.
of
GERMAN
GERMAN ATTITUDE ON NEWS SUMMARY
DISARMAMENT
Comment On. Reference In
House Of Commons
(Special to the "Hong Kong Dally Press").
(Ry Telegraph, Copyright, Telegraphic, Messages Ordinance, 1804. Received, December 6, 1.30 p.m.)
"
Berlin, December 6.
The passage in Sir Samuel Hoare's speech in the House of Commons on Thursday, in which he stated it to be the opinion of the German Government that little could "be expected from the resumption of discussions concerning disarmament and especially concerning the reduction of air armaments so long as the Abys official German news agency, in which it is pointed out that Ger sinian conflict continues, calls forth a commentary Arom a semi-
many repeatedly stressed her willingness in principle to concinde an Air Pactra, ka
The news agency goes on to point out that the programmatic points in Herr Hitler's speech of May 21, last year, which outlined Germany's position towards the disarmament question, still retain "Unusual developments in any their validity including point seven which expresses Germany's con- part of China are rightly and sent to the Air Pact, as well as point eight in which the Reichs necessarily of concern not alone to Government declares its readiness at any time to apply to her own the United States and the people armaments those limitations that are accepted equally by those other of China but to all the many powers. — Transocean Kuo atin. Dowers - who China. For in their relations with China and in China treaty rights and obligations of the treaty powers are in general identical.
have interests in
AMERICAN INTERESTS "In the area under reference the interests of the United States are similar to those of other powers, The American Government there- for is closely observing what i nappening there."
Mr. Hull added that in this period of world-wide political un- rest and economic instability, it was most important tha Govern- ments and peoples keep faith in their principles and pledges they had given
Japanese activities are mentioned in a foreword to the statement, ex- plaining Mr. Hull's remarks, which were issued in response to press inquiries.
The rumour of joint Anglo- American action in North China is still unconfrmed. Renter,
NEW REGIME IN CHINA
Autonomist Policy Outlined
כת
London. Dec.. 5. In the House of Commons, Sir Sarrinet Hoare, Foreign Secretary, speaking on foreign" affairs during the debate on the address in reply to the Speech from the Throne. Dealing with Colonial
the Government would lose opportunity in resuming the dis- cussions on these issues, hoping to bring them to termination.
successful
200+I
The funerals of the late Mrs. Lucy Miller and Mrs. Durathes Jose Pintos (Chay) Collaco, who died on Thursday, took place at the Colonial, and Roman Catho- lic "Cemeteries yesterday evening.