THE
CHINA-SIAM LINE.
"HELLAS".
** "HELIOS"
*4* HIRAM
HONG KONG-BANGKOK
leaving Hong Kong 11th January via Swatow loaying Hong Kong" 7th January via Swatow leaving Hong Kong 26th January via Swałow HONG KONG-SWATOW--AMOY - "HAI LIE* leaving Hong Kong Accepting Passengers & Carge for all the above metioned ports. HONG KONG SINGAPORE PENANG-RANGOON Regular. Express Service
Gib January
A. **HAI LEN." leaving Hong Kong 12th January Accepting cargo for all the above mentioned porta.
Excellent pasonger accommodation available.
For freight, "primage rates and all other information-Apply to ---
THORESEN & CO., LTD.
Queen's Building.
Tal. 30237.
General Agents..
S.S. "BENMACDHUI"
ог
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on about the 9th January, 1938.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
Tel. 22533
For Freight and Pange apply to:-
W. R. LOXLEY & C... (CHINA) LTD.
York Building, Agenta: THE BEN LINE STEAMERS, LTD.
50
Cents
LOCAL DIRECTORY
OIF
HONG KONG
(Including List of Factories)
MID-SUMMER EDITION
COMPREHENSIVE & UP-TO-DATE
HANDY BOOK INVALUABLE FOR BUSINESSMEN IN HONG KONG
NOW ON SALE
PRINTED AND PUBLISHED BY
HONG KONG DAILY PRESS, LTD.
Tel. 80251.
MARINA HOUSE.
3RD FLOOR,
15-19, QUEEN'S ROAD,
HONG KONG DAILY PRESS, MONDAY, JANUARY 3, 1938.
U.S. SILVER
PRICE SLASHED
Washington, Jan. 1. President Roosevelt yesterday slashed the price of silver mined In the United States from 77.57 to 84.64 cents per ounce.
The change. In the United States Treasury a "price for foreign silver will not be. known until the Government posts the dally bid in New York at noon (Eastern Stan- dard Time) on Monday.
It 13 noted. that. President Roosevelt has returned the price to the identical quotation fixed on December 21, 1933, when the pro- gramme of paying a premium abové the world price was initiated. -
The new price will affect only silver mined after last night.
The President established the. quotation in a proclamation which runs until December 31, 1938. but reserved the right to revoke or modify it at any time.
The reduction afecta silver mines and many other kinds of metal mines producing silver as a by-product, and employing ap proximately 400,000 persons in a dozen States.-- Reuter.
LONDON REACTION
1!"
|
5 More Years Of Arming, Says Sir T. Inskip
which it might attain in about IB months. There was no reason for the slightest lament of gloom or depression.
Sir Thomas, Inskip, Minister for the Co-ordination of Defence, speaking at a luncheon" of the National Union of Manufacturers in London said that the rearma- Industry generally was develop- ment programme would not slowing at the same time. down for four or five years.
It was gathering fresh momen- tum every day and the nation was united in its determination to carry out the full programme.
Figures which told much were: In 1913-14 we spent £77,000,000
upon defence, in 1924 £113,000,000. and in 1937 £278,000,000.
"You will have to multiply the agures of employment," he said, "by two, three, four or five before you reach the full capacity, which has been planned for the full pur-^ poses of the programme.
HUNDREDS OF THOUSANDS "There are in various parts of In 1938-30 between £320,000,000 | the country: new factories which, and £340,000,000 would be spent.
as yet, are only in the early stages of preparation and at which hun- | dreds of thousands of men, and possibly women, will be employed.
NO REASON FOR GLOOM In addition there were £5,000,000 to £10,000,000 on air raid precau- tions, additionä in respect of other services, and steps in connection, with essential services like gas, electricity, and so on.
"The industrial strength of the country is greater. By means of the rearmament programme we have trained a new army of on- Adent workpeople.
The personnel of, the two defence 'services in 1913-14 numbered about "The Government have not been 937.000 men. In 1937, in spite of blind to the fact that in a possible the fact that the money spent had war there might be difficulties in gone up from £77,000,000 to £278,- obtaining some of the essential only about 350,000..*** 000.000 the personnel numbered | raw materials. The Government
have taken steps, details of which I do not propose to state here to- day, to see that proper supplies of everything that we may need in wartime are being improved in
The Government depended on the ingenuity and skill of the manufacturera, If it had not been for the highest degree of will Ingness on the part of the manu- | peace." " London. Jan. 1.
facturers, the Government could Leading liver authorities, ques- not, even if it had had nationalised tioned midst the New Year fest-Industry, have done a tenth of vities, were unwilling "to express what had been possible. any definite opinions over Prest- Rearmament had not, reached dent Roosevelt's reduction of the anything like the full momentum domestic price of silver, but agreed that the existing uncertainty must continue till the Treasury price for foreign silver in New York will be knowl
One expert stated: "AS the United States is buying the Can- | * udian and Mexican output, this
Α
"TRICYCLE AEROPLANE
only leaves about 110,000,000 ounces Nose Landing-Wheel
of new production to be absorbed by the market In 1938, which we ought to do casily.”
Another expert expressed the view, that President Roosevelt's latest price merely represents a premium of 50 per cent, over the world price, and that in some res- pects the situation is analogous to that ruling when President Roose- velt first instituted the domestic price, that is, he may alter the internal price in accordance with the movements of the london mar- 'ket:-
Reuter
SOME VALUABLE ADVANTAGES
Sir Thomas said he had unfall- ing optimisin regarding the British race, and the capacity of the Government to guide our policy so that we should avoid the great disaster of war.
11
BRITISH CLAIMS IN SHANGHAI
F.B.I. And Co-operation With U.S.A.
I had my first flight in a tricycle The China Liaison Committee of aeroplane and was able to experi- the Federation of British In- ence the remarkable ease of land- i dustries, which includes repre- ing a machine when this principle. sentatives of the China Association used, writes a correspondent in and the London, Manchester, and the "Manchester Quardian.
Bradford Chambers of Commerce. met in London recently.
Every acroplane has three sup- ports when on the ground, two
It was reported that further main wheels and one other. Nor- j consultation had taken place with'] mally the third support is a skid the Foreign Office on the subject or. a wheel under the tail, but in of claims for damage to British the tricycle machine it takes the property and interests in China, form of a castor wheel under the and it was decided to address a nose. The main wheels are placed, further communication to the LIVING REALITY farther back, and the tail of the Government urging them to press machine remains in the air with for the early recognition in prin- out any support.
ciple of such claims with a view
This principle is not new, for
to their being met, at the earliest possible date, experiments were made with it in
Gen. Smuts Vibrant
Plea For The League England in 1910, but it is now The Committee was informed
coming into favour, again. It is that certain cargoes of British being used on some of the large non-contraband goods, consigned Geneva, Jan. 1.
American passenger machines, to Shanghai' but diverted by the A vibrant plea for the League of Nations as a living reality pre- day is a Monospar with two Pobjoy
The aeroplane demonstrated to senting real hope for the future,
engines, and seats inside for a pilot was made General Smuts South and three passengers. Actually it African Minister of. Justice, in as only a demonstration model speech recorded in South Africa intended to give experience in the and broadcast all over the world use, or the principle, and not to Government by the British Gov- from the League radio station yes terday.
General Smuts declared that people were already forgetting the Great War and were asking us to return to the course which had led to it..
Treaty.
in a century.
Beuter.
be put into production:
The Arst noticeable advantage is the steadiness of the machine when taxying, for it shows little or no inclination to swing. It also has a quick take-off.
detained by the Japanese authori shipping companies to Dairen in consequce of hostilities, had been ties in that port. General repre- sentations on this matter have al- ready been made to the Japanese
ernment. and these are now being followed up by détailed representa- tions based
on particulars of specific cases furnished by the Chinese Liaison Committee.
TRADING FACILITIES
13
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE Sailings
SAN FRANCISCO LOS ANGELES
via Kobe and Yokohama. S.S. PRESIDENT COOLIDGE Sails SATURDAY, January 8th, Midnight
SEATTLE AND VICTORIA
via Kobe and Yokohama.
S.S. PRESIDENT JACKSON Sails FRIDAY, January 14th,
MANILA
S.S. PRESIDENT GARFIELD Sails TUESDAY, January 25th, 8 A M.
't
MOST FREQUENT SERVICE OF THE FACIFIC
•
DOLLAR STEAMSHIP.LINES * AMERICAN • MAIL • LINE *
FRUDER BUILDING-RENG KONG.
CANTON BRANCH, FRENCH CONCESSION, 'SHAMKEN..
..
BURNS PHILP LINE
M.V. “NEPTUNA
Due 5th January.
PASSENGER & FREIGHT SERVICE TO AUSTRALIA
Sailing Sunday, 9th January. for Saigon, Madang, Salamana, Rabaul, Sydney & Melbourne.
First Class Fare to Sydney:
Return) £78««0»{}
Single: 247.10.0d.
Passenger & Freight Agents
GIBB, LIVINGSTON & CO., LTD. Telephone No. 28031.
P. & O. Building.. Joint Passenger Agents:--
If
Nippon Yusen Kaisha
King's Building.
TRADE UNION CONGRESS
London, Jan. 1.
a Joint
CONSIGNEE NOTICE.
NOTICE TO CONSIGNET:
QURAN STEAM SHIP CO., LTD.
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
MONBIONEER per Go's Taurel
FROM UNITED KINGDON & CONTINENTAL" PORIS VIA
*.. BINGAPORE
EASY LANDING
A considerable amount of evid After championing the League Covenant, General Smuté said he
The main advantage, however, ence was produced which showed trusted the Covenant would even-15 that it gets rid of most of the that, in spite of repeated repre- tually becomic an
difficulties of landing." Landing an sentations made by the British International treaty separate from the Peace ordinary aeroplane is the most Government for British property
critical part of the art of piloting owners to have access to their pre- It is understood that and the most difficult for a begin-mises and businesses in the Hong-meeting of the Trade Union Con- General Smuts concluded by say-ner to master. With the new under- kew. and Yangtsepoo, districts at
gress comprising the General ing that in membership of the carriage it is not necessary for a Shanghai, for the purpose of tak- Council of the National Executive [ League . remained a "formidable pilot to judge his height from the Ing denvery of goods from wharves Labour Party and Executive Far- army able to battle against mill- ground with great exactness and and godowns and operating plaat Hamentary Labour Party will be tarism and reaction, but, once hold the machine off until it loves. in British and municipally owned held in London on January 7 to abandoned It may not be rebuilt flying speed and until the tall works, the Japanese military au- consider any matters of policy touches the ground at the same thorities were still raising many arising out of the Sing-Japanese instant as the main wheels.
dificulties notwithstanding the situation. This Monospar could be down fact that hostiffies had now down to the ground at a much ceased in that area...
The question of the Trade Union steeper 'angle and a considerably In view of the serious economic taking setion to support the boy higher speed without any fear of situation in Shanghai following its cott of Japanese goods is expected Its turning over. When the wheels isolation from the interior the re- to as the British section of C touch the brakes, can be applied sumption of local commercial and the International Transport Work- at once, and the machine stops Industrial activities as well as the era Federation. at a meeting in here, unfa 770, will not be landed dead in a few yards. Several safe municipal services is an urgent London last week after deciding to to stazer
Carried ca The Chamber of Deputies passed landings were made to-day by necessity. The Committee decided support the polley of boycott; has from port to port to the final Fort of a sleepless night lasting until dawn Dassengers who were not expert to Impress the importance of this resolved to leave it to the joint call to which the option extenda.)
matter once again upon the For-meeting to make the decision re- goods are to be Ter in the Godowns, pilots,!!
WAI broken hile); and hamaged before it passed the Budget for the second time, by 527 votes to 65. These qualities will be parti- eign Office, and to urge coopera-garding riture petion.
where they will be examined on any tion with the Government of, the Final Budget Agures were, esticularly valuable when a landing United States of America, whose ampton and Glasgow have already the trøb sievudce dérfolk, I am
Meanwhile, dockers at South-Hours of loss was, and Nbon within
Tuesdays-and- Fridays:between has to be made in fog. The subjects have important interests decided, unoincially, not handle No Llama ill be sinifited alter the
•Loreng wireless system removes in the occupied areas. most of the danger from a blind
CHAMBER PASSES
BUDGET AT DAWN
Paris, Jan. 1.
די .
are hereby potined that their cargo will be discharged into Holte Wharf Kowloon, where it willlis at conminden" risk and subject to terms and candin Lions of storage at Holt's Wharf, The Cargo
ready for delivery troks Optional
bas been given prior
goods from Japan or to Japan, but Gööda have left the stakker's Godown, the president of the International ad af. Good remaining Tachirexed Transport Workers' Feteration is r sued a warning to the elect that All Claim against, the Steamer must
mated expenditure 54,057,000,000 francs, against revenue of 54,533- 000,000 trants.
landing, but it is reckoned that: The Budget will continue to be the pilot will usually sight the shuttled to and fro between the ground when a few feet above it leave the machine to land itself there are inculties to be en be presented to the undersigned on er Chamber and the Senate, as the The tricycle landing makes even latter, after the first reading, left this glimpse unnecessary, for once without fear of mishap, even countered as far as British trans-before the 19th Jan, or they will nes an estimated burplus pr revenue the wireless beam has informed where no ground at all, is visible. port unions consered and that be receptálédi a Vares over expenditure of 37,00,000 the pilot that he is over the aero- Great developments may be boycott rests with the generale Far Insurance will be elected.
WWW BULLTERFIELD & BWIRIN
20th December, 1987.
francst Reuter:
drome and tow down he can take looked for in the future from the public-
his hands off the controls and use of the nose lap
hester)