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No. 43972. #XÉNERĦRA HONG KONG, TUESDAY, SEPTEMBER 29, 1936. M IR+♬«4ĦORƒZA Price (Single Copy, 10 cts
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BRIGHTER DAYS
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VISTAS OF A RE-OPENED
14
MARKET
FRANC DEVALUATION AND HONG KONG
We are indebted to Mr. E. Brownlow for this" contribution to the very important subject of the 'devalnation of the franc and the consequential re-actions la, relation to trade in the Orient. Mr. Brownlow takes the view that 'the devaluation of the frame on a stabilised basis will prove to be a vital factor in" stimulating trade in Hong Kong. We publish Mr. Brownlow'y article, without critical comment, and we invite those of our readers who feel they have a contribution to make to this im- portant subject to avail themselves of the "courtesy of there
columns-The Editor
"Devaluation of the franc. Pro- bable inking of sterling at 100 to the pound."
Welcome news to every deep thinking Man in Hong Kong. European and Chinese alike, as a possible abandonment of the gold standard by France would ultimately result in a restoration 0: silver in Indo-China, which country has been compelled for years to produce in gold prices and sell in a silver market.
HIGHER DOLLAR?".
The rich mo'st soll. soft humid air, the plentiful water supply, and thousands of querés of level land convinced theolonizers that here. In the south-east corner of Asla was the rice-basket of the world.
TRADE CONTRASTS:
Lion Cubs In
Hong Kong
ENTERTAINING
ADVENTURERS
"Dainty" Passengers
There are at present in the Naval Yard of Hong Kong two Enst African lion cubs, a lady and gentlemen.
Thi
'Their father and mother were shes un sccount. of their serious depridations on cattle in the dis- trict of Dar-es-Salaam, East Africa. and these two cubs were found only a few days old. They were not able to fted themselves. The planter who found thèm kept them some little time intending to send them home to Whipsnade, but the expenses of freight, etc., were so great that he found that this was not possible. He eventually gave them to Lieut.-Commander Cart wright of HMS. Dainty.
And thereby hangs a tale. These cubs have already, travell- ́ed' great distances in their short lives of three months. From Dar-
Per Month. $3.
LEADERSHIP AND IDEALISM
EXHORTATION BY
CHIANG KAI-SHEK
Principles For Good Government
FOUR POINTS EMPHASISED
Canton, September 28,
Marshal Chiang Kai-shek, received the higher officinis of the `Provincial Government in his headquarters at Whampoa 'yester- day afternoon. Those present included the. Mayor of "Canton, the Secretary-General of the Provincial Government, and the. Commissioners of Civil Affairs, of Flaande, of Education, and of Construction. His addresy wan as follows:-
"Gentlemen, In China Proper those who lag, behind may be en- mele is no province more fertile |couraged to go forward, and those Ita soll more beautiful 18 who are on the level may strive mountains and rivers, and richer to do better.
101
la natural resources than the · “Second,' 'red-tapism', typical of prov.nce of Kwangtung, and these former regime should not be tolar“. constitute the basis on which na-lated. Work has to be done on French dreams of unprecedent-es-Salaam they went to Mombasa tional solidity may be founded time, and in no other sphere of then to Colombo. Singapore, Hong | Now that the reorganisation of the life than that in which you are ed rice production were realised,
Kong. Wel-Hal-Wel and have re- Government has just been effect- leaders is it more important to until, in 1925. the annual crops
cently returned to Hong Kong. Ited and its work of improvement is remember this: what can be datie 25.cerded 1,200,500 tons Half 8
is thought probable that they will not only earnestly hoped for by to-day should never be left for milion tons alone were sold to
proceed home with H.M:8. Kent in the Central Government at Nan- | te-merrow. I am looking to the China through Hong Kong, bring-
the near future.
king, but also eagerly prayed for | time when this pushing actrit win Vistas are unfolded of a re-ing in a high pricë because of the
Leading Beaman' Wallace is in by the masses of the people, of | permeate the whole machinery ót opened important market for ex:ellant quality,
charge of them, and it does htm Kwangtung, it la up. to "you, the Provincial Government. China, with better conditions in! In 1931, depression swept like a the rice trade, and a stronger byphon acrole Indo-Chinabutat credit the way he has looked all, who are at the helm of ton. “Third, the work before currency: while for Hong Kong bit the colony harder than its after the cube Thé varlítices of ship of the province, to make not going to be a bed or tower, hand climate must have caused him Kwangtung the model province in your zest for improvement you brighter and Increased shipping neighbours on account of the
comiderable modely to keep them where the Three Principles of Dr. may have to go against odds, may Diospects, with, let us hope, a stabilization of the plastre on a
in their splendid condition of Sun Yat-sen, may be realised in have to work hard for those who higher dollar.
gold basis in 1930. The abandon-
SLUES.
full.
do not understand you or even- So a ray of hope comes to Indo- tent of the silver standard has
Ab Wel-Hai-Wel the manage- There are four points which. I sympathise with you, or you may China, whose position, clinging | brought the dice industry to the
ment of the island Hotel made a think, are important to remember.be severely and adversely cr to the rock of gold in a sea of sil- verge of ruin, as the principal
Take comfort in the ver countries, has long been one client of Indo-China is China with Benn for them, and they used to First, it is not enough to get the ticised of desperate economic distres%, on a silver currency, its principal spend a great deal of time exercis- tight men for the right fobs. thought that you have to be ing under the care of Leading Sea-Constantly, you have to look into brave, to bear up against the at- account of heavy taxation. the competitors. Burma and Biam. restriction of rice production, and ¦ have"an-advantage of depreciated
man Wallace, who took them, out the work of your subordinate off-tacks and criticisms from all sides, for walks on the Island; a regular cers to see if they are industrious if you are to achieve anything. the high tariff wali placed against | currency over it.
Hon tamer.
or, lazy, good or bad, careful or There is enough room for improve- foreign goods the latter having Under the silver standard, cap!-
slovenly at their work... What is ment în all departments, which almost destroyed the Colony's į tai entered the colony in gener-
being done may be frankly, dia- trade with, its neighbours.
cus quantities, but lately. It has
cussed in a friendly spirit, so that; steadily
heen going.
out. The who cor stitute a large part of the population. and who bold much of the wealth of Salgon and the other cities, are. sending their capital north.
1J
WORLD. RICE-BASKET The prosperity of this whole Chinese. Indo-Chinese country depends upon the rice-producing Indus- try, und in all the East, there is no land so favourable for this as are Cochin China and Cambodia,
Chiang
Leaves For
(Continued on Back Page)'
Marital Discord In
The North Kowloon Home
Canton, Sept. 28.
Marshal Chiang Kai-shek left for the North in his private plane at about 9 a.m. to-day, and it is re- ported that his destination is Kuiing.
General Yu Han-mow and other high officials saw Marshal Chiang Kai-shek depart.- Chinese Reening Post.
THE DOLLAR
TT. ON LONDON:
Is. 2,13/16d.
T.T. ON NEW YORK: 30.9/16
LONDON SILVER
MARKET
(From Our Own Correspondent).
London, Sept. 28. Lanton silver prices to-day were up 5/16 as follow:--
Sept. 26 Sept. 29 19-3/4/20-1/18 Forward ... 19-3/4 20-1/18
Spot
MAINTENANCE SUMMONS
ALLEGATIONS
AGAINST EUROPEAN
Contradicting evidence was given in
maintenance SUMMONE brought by Mr. J. T. L ̈" Giffen-"' ing against her husband at... the Kowloon magisiräcy, beforë...... Mr. E. Himsworth, yesterday,
The summons against Mr. "Off- fening was that he had wilfully. neglected to provide reasonable- maintenance for his wife during the months of August and Septem- ber, 1838, to which allegation he replied that he was unemployed, and, therefore, could not provide for her.
Mr. Peter H. Bin, appearing for the complainant added two fur- ther summonses alleging desertion and habitual "drunkeness.
The defendant vehemently denied that he was an habitual drunkard, and strongly objected to the accusation, ge
*ás to desertion, he said that he left because of his wife's conduct.
(Continued on Back Page)
་་
What is our "silerit Service " DOL capable of?
MANILA GOLD SHARES RESUMED
Local Dealings
Bayers
Raubs. $11.35. Antamoks, $5.75. Bagulo · Gold; 63° cts.
· Benguet Explor.. 45 cts Big Wedge, 80 cta. Consol. Mines, 104-cts. Demonstrations, $1,49.- Masbate, $1. W
San Maurició,: $4.80. Santa Rosa, 17 cts. - United Paracale, $3.
"Sales"
Bagulo Gold, 82-64 cta Consol Mines, 11 cts. Demonstrations. $1.49. San Mauricio, $4.89-4.90. Banta Rosa, 171 cts. Suyoc Consol...$1.21. United Paracale, $2.95.
WARSHIPS
IN HARBOUR
DEALINGS
(Continued on Back Page.)",
TYPHOID
Three cases of typhoid (one im
IN DOLLARS posted) and one case of diphtheria
British Control Intervenes
BIDDING EVENLY
DISTRIBUTED
were notified to, the local Health Authorities during the week-end.
TYPHOON WARNING
The
following telegram was despatched from Manila at 3,30° lp.. yesterday through the Ameri-
|can Consulate General here
Typhoon in about 118 degrees Long. E and 19 degrees Lat. N almost stationary.
NEWS INDEX
London, Sept. 28. At the resumption of dealing, in dollars in the foreign exchange market after, an enforced rest fol- lowing the dramatic currency moves over the week-end, the dollar-sterling rate opened at 4,932 to 4.94 at which large amounts ol sterling were offered. Brilish con- Cables trol intervened by selling dollars," Aviation | thus ̋ keeping the rate steady. Motoring
Bidding for dollars was evenly Radio Programmes. distributed amongst speculator Local Diary and traders.
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