j
PEOPLE OF JAPAN MUST
"
BE PREPARED FOR
HARDSHIPS
ENORMOUS AMOUNT OF MONEY IS NEEDED FOR WAR 'EXPENDITURE Baron Goh On Necessity For Government To Issue Bonds
HONG KONG DAILY PRESS, THURSDAY, JANUARY 20, 1938.
GOVERNOR'S MUNIFICENT
PRIZE FOR H.K.R.A.
(Continued from Page 1)
the matter of the date, and de-, Bn. The Seaforth tails, of the Second Annual Dinner,
ATRICKY WIND
Highlanders.
which resulted in a win for the first-mentioned unit by 4 points on the nett aggregate scores. The
To Issue Bonds stances, several competitors made which will be held on
Tokyo, January 19.
"The situation in Japan is the gravest she has ever faced and must be weathered at any cost," said Baron Seinsouke Gob, President of the Japan Economic Federation, a semi-official body Controlling, trade and industry. The nation must be prepared to undergo hardships in future," he said. Baron" Goh älso warned the country of the demobilisation of troops when they returned from China also the present important, delicate pro- blem, "It is difRcult to make predicilons regarding Japan's International, political and financial future. The present moment is really the gravest the country has ever faced and weather the starm' must be the motto. The bitter struggle against fortune is necessary with the strengthening of control over all fields In business life and the people of Japan must be prepared for hardships," be said.
On the ranges yesterday after- noon, competitors found themselves | Individual scores of those, taking confronted with a tricky wind, part in this match are also given while the rapidly fading light at below. 600 yards caused many "crashes." The Honorary Secretary asks us In spite of these adverse circum-to point out that at the shout Sunday morning next, the annual "Wa- penschaw" competition will take place, and that concurrently with It, and the Spoon Shoot, there will be a special competition, in con- nection with the award of one "Donegall Badge," which entitles the holder to take part in the "Donegall Badge" competition at the Imperial Meeting at Bisley. There will also be revolver and' clay-bird shooting. and fuli de- tails of the morning's choat have already been sent to all amitated units and clubs. Should any in- dividual tuh member require a copy of this Programme, he is re- quested to telephone to the Hon- orary Secretary (34121, extension 22), so that one may be sent him without delay.
very creditable aggregates, as will be seen from the lists given below, from which it will also be noted that, in the S.R.(b), series, the spoon awarded for the best score was won by Lieut R. 8. Hawkins' of the Royal Engineers, while the handicap spoon was won by agt W. Garrow of the 1st Bn. The Sea- forth Highlands. The handicap spoons in the SR. (s) series were won by 2/Lt. A. O. Pullman and L/Cpl. EG. Pountney, both be- longing to the 1st Bn. The Mid- dlesex Regiment, and by L/Cpl. A Q. MacDonald of the 1st Bn. The Seaforth Highlanders
Concurrently with the Spoon and Practice Shoot a return match was beared between the 1st Bn. The Middlesex Regiment and the 1st
The amount of expenditure | varied. Some advocate 'Immediate necessary to carry out the war increase of rates but this requires likewise is difficult to foretell careful study. Money must Everything will depend on future developments. Whatever the out- enormous amount of
come
En
moncy is needed. It will be neces sary for the Government to issue bonds to raise the money."
raised through higher taxes only as a last resort. The present law places heavy tax on corporations and wealthy persons have to double or treble their levies. The minimum taxable income at present is now too high and must be" lowered."
Referring to stricter control over business Baron Goh declared that the Government had not been in- telligent in its endeavours in the past. "I am absolutely opposed to measures which will radically change the existing economic structure," he added.
Baron Goh declared it was of primary importance in floating these bonds that Japan balanced her international payments. I the equilibrium lost its effect it would be felt throughout the nation and ruin would follow. The value of the yen must be main- tained at is. 2d. at any cost. It the money raised through the sale of bonds is satisfactory a market must be assured. Once absorption is upset inflation of a malignant nature would follow. The value of money would fall precipitately and Japan would be in the same position as Germany after the war. If on the other hand market operations" are successful this now studying. Demobilisation is a could be avoided.→
Concluding Baron Goh said, "There is another important mat- ter which I want to warn Anan- elers and businessmen, and that is the treatment of soldiers return- ing from the front. This is im- portant but it is a dimcult pro- blem which the Government is
delicate affair which affects many points of 1 particularly
Baron Goh reviewing the finan-other cial position of Japan added, "The tough problem."— opinion on increasing taxation is Reuter
Britain And U.S.
Watches Japanese
Naval Construction
London, Jan. J.
Con-
British and American naval au- thorities are) seeking defnite.co firmation of the report that Japan is constructing several 43,000-ton battleships. If true, early sultation will be arranged between Britain, America and France in accordance with the London Naval Treaty, says the naval correspon- dent of the "Dully ‘Telegrapli.”
It is pointed out that British and American battleships are being de- signed in accordance with the Treaty limit of 35,000 tons, but if Japan is building larger ones there,, will be no point in proceeding with 35,000 tonners, and the United States is expected to propose ex- tension to 45,000 tons mount- ed with twelve 16-inch guns.
In the meantime, there is no
"BASELESS
Alleged Criminal Attack On Foreign Women
The scores made yesterday afternoon in the match referred to above, and the leading scores of the usual Spoon and Practice Shoot are as follows:-
"
· 1ST BN. MIDDLESEX' REGT. R.C.
Grand
200 Yds. 500 Yds. 600 Yds." Total
2/Et. Pullman
29
30
34
Sjt. Jordan
31
32
30
L'Cpl. Langford
28
28
28
L Cpl. Baker
20
24
26
L/Cpl. Powell
29
L/Cpl. Pountney
31
24
Pte. Moss Pic. Cox
Range Total
225
230.
221
Handicap
1ST BN. SEAFORT!! HIGHLANDERS R.C.
R.S.M. Fleming Sit. Garrow
Cpl. Richardson L/Cpl. Baird L/Cpl. Tonnar Boy Payne .....
L/St. Butterfield L/Cpl. MacDonald
Range Total
- 28 32 8 8 8 8 (§ 3|2|8885668E
25
30
24
32
30
27
26
28
25
25
27
25
29
30
21
32
28
**24
225
234 . 213
672
*All members of this team used the 8.R. (a) rifle, while four members of the 1st Bn. The Seaforth Highlanders fired with the "1914" rifle, with aperture-sight and sling. Accord- ingly a handicap of 7 points for each of these firers was awarded to the opposing team.
តើ ២២ ១ ន ន ន ន ន ន
S.K. (b)
RUMOURS"
1.-Lt. R. 6. Hawkins...... BCT.. 32 2.-Lt. R. F. Jenks......... SCI. 3.-R.5.M. V. J. Fleming 5 4-L/Sgt. E. J. Jordan 5. Major D. H. Steers 6.-L/SJt. H.R. Butterfield 1 7-L/Qpl. A R. Tonnar... 3 8Pte. W. O'Connor 9.-Capt. R. Robertson 10.--Burg. Lt. J. B. Mackie 1 11. St. W. Garrow.
Score at Score at Ecore at Aggregate Ass'n. 200 Yds. 500 Yds. 600 Yds. Score Heap. Nett Nett
33
Nett
31 ·
Nett
36*
30
32
31:
-93
31
31
31
93
31
32
30
93
32
32
93
C 32
32
92
20
33
91
dream
30
32
91
6
34
31
91
27
31
32
90
7
32
30
27,
Bat
S.R. (a)
1-2/Lt. A. O. Pullman... 6 2-L/Cpl. R. W. Powell... 17
30
.28
no
3.---Bdsm. G. Geary
29
29
4.-LCpl. R. Langford
4
7
28
28
6.-L/Cp!. E. G. Pountney 8
7-Pte. A. Coxrő
8. Dr. R.. Bolingbroke... $
9.-CPL W. L. Richardson, 9. 10-L/Cpl. P. Purcell
10
30
11
23
23
12-L/Cpl. A.Q. MacDonald 12 26
24
Shanghai, Jan. 19.
less rumours are being deliberately "Japanese forces feel that "base" spread with a view to disturbing the peace in Shanghai," said Japanese Army spokesman at a press conference this afternoon. The statement was made after questions had been asked concern-
0
question of modifying the five Bri-ing an alleged criminal attack on tish battleships under construction, because modification will involve delay.
The correspondent adds, "Japan is ill-advised to start a race of tons. and guns, because her technical re- sources do not bear comparison with those of Britain and America,”
· Beuter.
WORLD'S GOLD PRODUCTION
New Record Reached
London, Jan. 19. The Union Corporation Ltd., an- nounces that it estimates the world's gold production in 1937 at 35,400,000 fine troy ounces which constitutes a new record and an increase of nearly 74 per cent over 1936. The output up to now is es-.}. timated at 32,690,000 ounces,
In
the absence of information concerning last year's Soviet pro- duction, the provisional figure of 8,000,000 is adopted for 1937 as compared with the revised timate of 5,400,000 for 1938.
ez
foreign women in Kiangwan and also if there was any truth in the rumour that the Japanese military authorities had given an ultima- tum to the British troops in the British Concession in Tentsin.
The spokesman sald that the rumours appeared to originate from Chinese sources and declared that the Japanese authorities were aware of the existence of Chinese. organisations bent on disturbing the peace and would take steps to that their activities were suspended.
see
rumours
A German correspondent point- ed out the necessity for correcting rumours about the alleged assault on foreign women. He said the
had
been taken seriously that a warning had been published in
local
German newspaper advising German wo- men not to go to Klangwan.- Reuter
KWANGTUNG AGRICULTURE
Canton, Jan.. 10:
All the above competitors used the "1314" rifle.
5. Pte. E Moss......
11-Cpl R. Burkitt
*--Denotes the winner of the "nett" spoon.
t-Denotes the winner of the "handicap" spoon.
ខតឆន ៩ឌគន់ ឌន ឆ
89+
86
85
84
83
83+
82
80
70
79
78
771
NOTE: The handicap of each winner has been reduced by one
point as shown. This procedure applies to all 8.R. (a) · and SR. (b) Spoon Shoots.
RAYON YARNS EXPORTS
Osaka, Jan. 19. The Federation of Rayon Manu- facturers has announced that ex- ports of rayon yarns' last year totalled 5.615,800 lbs. an Increase of 12,078,700 lbs. over 1936, valued at 44,791,875 yen an increase of 15,021,526 yen over 1936. -
Exports of rayon textiles last year
totalled 485.088,153 square yards a decrease of 42,833 779 square yards, valued at 154 859,866
CHAUTEMPS CABINET PROSPECT
London Relieved
London, Jan. 18. Political circles in London are much relieved at the prospect of formation of a new Chautemps Cabinet with M. Yvon Delbos as
NOT
·ANY PORT IN A
BUT
STORM"
CALDBECK'S PORTS
AT
ALL TIMES
CALDBECK, MACGREGOR & CO., LTD.
PEACE MOVEMENT CONGRESS AT GENEVA
Madame Sun Yat-sen-
Hankow, Jan. 19.
THE
HONG KONG
PENINSULA HOTEL;
HONGKONG HOTEL, REPULSE BAY "HOTEL;
&
SHANGHAI
ASTOR HOUSE; PALACE HOTEL
HOTELS
LIMITED.
In association with the Grand Hotel des Wagons Lits, Peking.
TIENTSIN-PUKOW RAILWAY FRONT
SITUATION TENSE
Madame Sun Yat-sen and Mr. Tsal Yuan-pel. # distinguished Chinese educational leader, have been requested to represent the Chinese People's Foreign Polley Chinese forces attacking Wuhu į direction of Shanchut and fluho Association at the forthcoming are reported to be engaging Jap- meeting of the International Peace anese troops, in the vicinity of Movement Congress which is hold-Mapuchlao and Paimashan, west- ing a special session at Geneva on February 11 for the purpose of "opposing Japanese aggression, and helping China."
Hankow, Jan. 18. is advancing from Taining in the.
on the Lunghal Railway,
ward of Wuhu.
The situation in the Tientsin Pukow Railway: front is reported
Meanwhile, Japanese forces push- ing northward along the railway from Hsuchow captured Mingkang railway station on January 14, Chinese forces in the vicinity of at present engaging
and
are Both Madame
Sun and Mr. Tsai are at present in Hong Kong. Reuter.
Chinese Ambassador
Bankow, Jan. 19.
to
to be tense following a simultan- eous Japanese attack from both north and south along the railway Japanese forces are pushing south- ward In
three
columns, the
MR. HSU COMING TO Centre coming down the railway and engaging the Chinese forces HONG KONG
between Chowhsien and Liangbala- tien, the left column pushing down Taiwel motor road and attacking Taterchuan with Tunghai as the Tokyo. Mr. Hsu Shih-ying "is re-objective, while the right column turning to Hankow via Shanghai and Hong Kong and will not! land. at Shanghai..
The
Mr. Hsu Shih-ying with, eight members of the Chinese 'Embassy. Staff are sailing from Yokohama at the 4 pm. on Thursday aboard Empress of Asia. It is understood Mr. Esu will issue a statement on his departure.~~
Reuter
ROUND OF CALLS
Tokyo, Jan. 19: Mr. Hou Shih-
ying called at the Foreign Office at 2.15 p.m. and left a P.P.C. card to Mr: Hirota whereafter he paid à round of calls on foreign Embassies and ·Legations. Reuter.
MOTOR CAR ·MISHAP
Widow Of Newspaper Magnate
Chengtu, Jan.19. Mrs. Sze Liang-zal, widow of the late Mr. Sze, popularly known as China's. Northcliffe, who was as- sassinated by gunmen on the Shanghal-Bangchow highway three years ago, was involved in a seri- ous motor mishap to-day. “
Mra. Eze was walking along Peshinchieb, Chengtu's main thor- ouxghfare, this afternoon at two o'clock, when a passing motor, car bumped her, rendering her un-
A comprehensive programme for yen an increase of 5,601,348 yen Foreign Minister since this would, 1 conscious.
the further development of Kwang- tung's agriculture, commerce, în- dustries, mining and water conser- vancy has been drafted under the
Over 1938 Reuter.
in the opinion of these circles, af- ford guarantee of further co-oper- ation between England and France In questions relating to the
Mrs. Sze was sent to a hospital
a critical condition.
The driver of the car responsible for the mishap has been placed
direction of Dr. Wong Wen-hao, Provincial Reconstruction Depurt- foreign policy of the two coun-under arrest by the local police" Minister of Economics.. It has ment for execution been entrusted to the Kwangtung | Central News,
tries.-
Prominerar News Rervic
authorities. · Central News:
THE
Linghawelkwang and Pangchise, to the south of Pengpa. -
Heavy falls of snow are reported from many areas to the south of the Yellow River and north of the Yangtze River.
Japanese forces which captured Taining are engaging Chinese for- ces in the vicinity of Kinghsiang and Chuyal, westward of Taining--
Reuter
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