Page

MASON'S

DELICIOUS

O.K.

SAUCE.

WEATHER FORECAST-NE, WINDS, MODERATE TO FRESH: FINE TO CLOUDY.

Superb Cenat

Hongkong Daily Press.

Registered as a Newspaper at the General

Post Once in the United Kingdom.

No. 25091 ·就业拾玖捌零仟伍离弐第

"

西

ESTABLISHED · 1857

刺孖

HONGKONG,

IMPORTANCE OF LONDON FOR FINANCING WORLD TRADE IS

NOT DIMINISHED

GOLD NO LONGER GOVERNING PART IN EXCHANGE RELATIONS

Midland

Bank Meeting

LONDON, JAN. 26 (REUTER)—AFTER A CLOSE' ANALYSIS OF THE IMPACT OF LARGE-SCALE WITHDRAWAL OF FOR- EIGN FUNDS FROM LONDON, Mr. Réginald. McKenna, Chair- man of the Midland Bank, at the snnual meeting concluded by Saying that the withdrawals did not materfally diminish the importance of London as the centre for financing world trade.

There is no monetary restriellon to aggravate the shrinkage internal usiness and movement without effect on the cost of the accommodation for business," he said:

of

"This experience, which is con-į which, Mr. McKenna urges, should; trary to the previous state of be financed by borrowings which affairs under the gold standard, Is would stimulate unemployment, due to the new technique of mone-and. as the demand for labour tary management requiring far grows. industrialists. would be more knowledge, judgment and forced to draw from the pool of skill than the gold standard. unemployed..

Gold continues to play an im- "portant part in exchange relations! between countries but is no longer! a governing part. The stock of gold is larger than ever but the essence of the present system lies not in the amount, but the avail- ability of stock, which regulates the external value of sterling with out affecting internal currency."

SIGNS OF RECOVERY Reterring to the business outlook.

"The limit of this polley will be reached when all labour employable at a profit, at cur- rent wages, are fully engaged. but we are a long way from that condition," said Mr. McKenna,

The vast programme must in- valve the expansion of imports without 'prospect of counter-valing exports and Mr. MéKenna suggests that there is no need at present for a reversal of the monetary to re-

the chairman said: "There has restrictive measures in order to re- cently been welcome signs of reduce consumption. covery in the United States but we cannot be certain that it is on a suild foundation until we see con- vincing revival of large-scale capital investment.

SUDDEN TURN

We are drawing out capital from abroad to "maintain a stan- dard of living higher than we can I. in America saving are leftafford," he said, "Business out- Idle, trade depression sets in and look is still overshadowed by inter- unemployment increases, There

national anxiety but as we have are no similar grounds for de- experienced sudden turns for the pression In Britain."

The problem of proper use of the worse so may we experience an nation's savings présents, at pre-equally sudden change for the sent, no difficulties on account of additional armament expenditure

NO CAUSE FOR ALARM

Five Meningitis Cases A Day

"Fives cases of cerebro- 'spinal fever in the space of 24 hours is not an exceptionally large number, bearing in mină «the time of the year and the state of congestion in certain parts of Hongkong," said the Hon. Dr. P. S. Selwyn-Clark, Director of Medical and Sani- tary Services.

better,

Death Fall From Roof

A boy, Chan Lap-chi, eight years old, who tell from the roof of No. 9. Jubilee Street to the basement, a height of approxi- mately 70 feet, about 2.15 p.m. yesterday, and was admitted to hospital suffering from a fractured skull and internal injuries, died at 8 o'clock last night.

The boy, who lived on the third floor of the premises with his parents, was playing on the roof when he accidentally tripped and plunged over the parapet,

An ambulance was summoned and he Wa's conveyed to the Queen Mary Hospital, where on admission bis condition was stated to be very serious.

He died without recovering con- sciousness.

FRIDAY, JANUARY 27, 1939.

GOVERNOR "PAYS VISIT TO PRESS

15-19 Marina House, Queen's Road Central

GP.O. Box No. 1.

若廿月壹年积拾叁佰我千英

Khunow

Goseral Manager

OPTICIANS to the Colony

'for

47 years

Lazarus

JOPTICIANS

6, Pedder Street

(Opp site the Hongkong Hotel)

Price!

SINGLE COPY, 14 CTS. PER MONTII, $2.

PROVINCIAL FORCES CHECK ADVANCE

HIS EXCELLENCY THE GOVERNOR, Sir Geoffry Northcote, pald a visit to the Commercial Press premises yesterday morn- ming. Picture above shows Sir Geoffry being introduced to the General Manager, Mr. C. S. Waing, by the Hon. Sir Robert Kotewall, on whose left is Mr. Y. W. Waung, Managing Director of the Commercial Press. Photo, A. A. Kaha).

CHINESE NATIONAL

DEVELOPING NEW

GOVERNMENT AIR FORCE

American And Russian Equipment Available For Latest Plan

SHANGHAI, JAN. 26 (INT L)--AMERICAN AND RUSSIAN EQUIPMENT; personnel and advice are now helping the National Government develop a new air force to challenge Japan's mastery of the air over China.

Now that Generailssimo Chiang Kai-shek has recrganized and settled his government and war. machine in the far western" Interior, he has again turned to the Americans who have stood by him........ from pre-war days, and to the Russians to build a third air force..

FOR SIX MONTHS AFTER THE LOSS OF NANKING Russian-manned, Russian-made planes did most of China's aerial fighting: Reassembled in Hankow, the American factory resumed production of war planes for the Chinese, but few of these craft saw active service, as the Rus- sians preferred their own ships. Russian activity in the form of training Chinese airmen and fighting the Japanese was abruptly halted towards the middle of 1933.

GENERALISSIMO CHIANG Kai- NAVAL RESERVE

shek's American experts moved to Yunnanfu (Kunming) where, OFFICERS ASKED

unhampered by political squabbles, TO REJOIN they re-established their air school. In recent weeks additional instrue- LONDON, Jan. 26 (Reuter)-

tors for the task, of building a new "Even as things are." opines Mr. Naval officers on the retired list air corps for Generalissimo Chiang McKenna, we may reasonably or on reserve are asked to rejoin have arrived from the United look for a modest Improvement. the Service, especially Lleutenants States. The Anglo-American Agreement and Lieutenant-Commanders, whe marks a big step forward while are under 40 years of age. Their domestically we are probably far services will be for three years from having felt the full effect of It is stated that when the extra rearmament in stimulating the 70 warships are commissioned output of employment. There is this year there will be an appre- assuredly no room for despon-clable shortage of officers and dency," he concluded.

men.

Hongkong Sanatorium Relief Workers

The Hongkong Sanatorium and Hospital Medical Hellef Group was organized at the outbreak of hostilities when the nurses and. other members of the staff of the hospital felt the urgent need for an organization to help in a modest way the enormous task of giving medical relief to the wounded at the Front.

With this object in view, the Group offered its services, to organizations who were buying and shipping supplies to the Front," by giving them facilities in the sterilization of dressings, curing and preserving caigut, etc.

Further, the Group issued wit

new

With the

American fighters, the Hankow-fabricat- ed attack bombers and a mis- cellaneous number of still ser- viceable American and British planes as a nucleus, the Chi- nese military hopes to develop a third wartime air force, Dian- ned by cadets now undergoing" rigorous training under Ameri- - can instructors in Kunming.. In the interim before the new force will be able to take the air, China's Generalissimo has been as sured that he can again depend upon the Russians.

Generalissimo Chiang and -- his foreign advisers are convinced that an efficient, hard fighting Chinese

-"(Continued on Pagė 9)

LOGUIDE TO THE NEWS

This statement was in answer to an inquiry yesterday, made as a result of the fact that included in the returns of notifiable diseases for the 24 hours ended at mid-monthly subscription books and National Red Cross Society night on Wednesday were ve thanks to the untiring efforts of of China (per Dr. C. Y.

the nurses and staff and the Wu) The Hon. Dr. Selwyn Clark ada- | generosity of friends and sym- National Red Cross Bociety." ed that even more cases might be pathizers the returns are en- of China (per Dr. C. Y reported in the near future but couraging.

Wu)

cases of that disease.

that there was no cause for alarm.

Other cases included in, the re turns were:-

5 per cent. of the salary of the staff and nurses.

PAGE 2-Home football fore-

cast by "Telescore." Impor tant cricket match. Austra-

708.08

3,445,00

The contributions also consist of

(to one ambulanée)...! Hongkong Emergenicy Re-

fugee Counci

llan tennis championship. Tokyo baseball team.

Joe

Louis retains "title.

180.00

British Fund for the Relief

of Distress in China..

PAGE 3-Women's interests.

Connde in Falth Prior.

Total

1,000.00

57,407,02

$2,100.29

નં

The collections. 50 far made

Measles (3), enterie fever (3), amount to the following:-

tuberculosis (2) and one each of

COLLECTIONS

small-pox, diphtheria, chicken- Charity Concert (Septem- pox, dysentery and fever,

Duerperal

THE DOLLAR

T.T. ON LONDON:, Is. 2.7/8d. T.T. ON NEW YORK: 28.15/16 London Silver Market

(Our Own Correspondent)

London, Jan. 26. London silver prices to-day were down 1/16 as follows:-

F

Spot Forward

·

Jan. 25 20-3/16

Jan. 26

20-1/8

19-13/16

19-7/8

ber 1937).......... Monthly contributions from October 1937 to Septem- ber 1938. Monthly contribution for

October 1938....... Monthly contribution for

November 1938 Monthly contribution for

December 1938

Total...

DONATIONS

Drugs to: The HK Branch of the 7,060.45 National Chinese Women's

Relief Assn. ($689.28) 602,67 | Catgut to:-

National Red Cross Society of China (per Dr. C. Y. Wu) ($2,164.75).

649.05

779.10.

1)

$11,281.66

Funda to:- National Red Cross Society of China (per Dr. C. Y. Wu) ............. National Red Cross Bociety of China (per Dr. C. Y.

..$1,137.54

Total

$2,854.03.

$10,201,05

AMBULANCE HANDED OVER TO DE WU

At an informal gathering yester- day morning at the Hongkong Sanatorium and Hospital, the Medical Relief Group donated an ambulance to the Red Cross So- ciety of China, per Dr. C. Y. Wu.

PAGE 5.--The cinemas. Cross- word puzzle... Diary of local A events.

PAGE 6-Women's page. Peat

Church wedding.

PAGE 7-Water Works Ordin-

ance. Soldier unable to pay.] fine. Toll of the road. Kilung"! Street stabbing. Summary Court claim Conviction

quashed.

Colony.

Eighth visit

to

PAGE 8.--Leading grticle: New

air pact.

PAGE 10-The Services, Radio

programmes. “

PAGES 11, 12 and 13-Finance

and cornerce.. PAGES 14 and 15-Shipping

news and directory. PAGE 16.--Home football leg-

gue tables to date..

BY JAPANESE TROOPS

Picked Units Line West River Valley Front

(FROM OUR OWN CORRESPONDENT) CHUNGSHAN, JAN. 26—ĴAPAN'S ADVANCE TOWARDS the north from Canton along the Canton-Hankow Railway and along the West River from Samshal was checked by the provin- elal forces and other mixed units under Gen. Yu Han-mou,

The West River valley is lined with picked units, which blocked the Japanese advance up river, while on the East River front the enemy is on the defensive.

The Japanese are holding Tseng-bombing and damaging Japanese shing, Tungkwoo, Becca Tigris and warships and military establish- Kuwkong in order to commandments in the occupied territory control of the Peart River which were not denied by the enemy. is the main line of communica- Now that certain foreign powers tion between the Japanese military are supplying the Chinese Air In Canton and Formosa, the main Force with machines, it is expect- Japanese base of operations in ed that more Chinese planes will south China.

appear in the southern skles to engage the Japanese.

A military conference waA held at an undisclosed point, those taking part being "Gen- erals Chang Fa-kuel, Ya"Hon- ΠΟΥ, Yeh Shao, Li Chin chiao, Li Hon-wan and others. . After the meeting, all returned

to their respectiva posts,

Persistent reports that Chinese war planes went into action

by

Barcelona

Occupied

By Rebels

NO RESISTANCE

BY LOYALISTS

BURGOS. Jan. 26 (Reuter) Barcelona was occupied by Nationalist forces-to-day with- out any resistance on the part of the Republicans.

A triumphal march was made with the Navarese and Moor Divisions leading

REFUGEES ARRIVE

WANG CHING-WEI INJURES BACK IN FALL

SHANGHAI, Jan 26 (T/Ocean)— Wang Ching-wel is, according to latest reports. still staying "In Hanoi and is aald to be living at the home of the late Gen Chu Pel-teh. former Chief of the General Staff, of the Chinese Army.

Wang is said to have injured his back a few days ago' in a fall down some staira:)

Of the three major posts former- ly held by Wang. two are still vacant, the third one, that of President of the People's Political Assembly, being taken over by Generalissime Chiang Kai-shek. The other two posts are Chairman of the Central Political Council and Deputy Executive of the Kuo- mintang Party.

For the latter post Dr. Sun Fo. President of the Legislative Yund. as well as Gen. Chang Chun, Vice- President of the Executive Yuan, but so far

'

MARSEILLES, Jan. 29 (Reuter) have been mentioned 26 (T/

of refugees were

600 U.S. PLANES ORDERED BY FRANCE WASHINGTON, Jan. Ocean) Authoritative quarters A number here confirmed to-day that nego-brought drom Barcelona on board tiations are now pending between the British destroyer Hostile and France and the American aircraft two freighters also the United industry regarding the delivery of States cruiser Omaha, among 600 bombing and pursuit planes those on the latter being Mr. of a total value of $36,000,000. Thurston,

American Charge

The State Department has re-d'Affaires. cently lasued export licences for

NEUTRAL ZONE

100 Curtis Wright planes which PARIS, Jan 26 (Reuter)-The were ordered France from the French Government's suggestion, Curtis Wright works in Buffalo of setting up a neutral refugee zone in Spain is warmly support- Details of the new order for de-ed by the press which also sug-

last year.

firmed To appointment has been con-

SIE

PRAISE FOR SOVIETS

German Officer's Tribute

BERLIN, Jan 26 (Reuter)

livery of 500 military planes wil gests that the time has come for Praise for the Soviet army is con- be settled after the French air France to send a representative to tained in a front-page article in mission has returned to Washing-Burgos to safeguard French in the "Voelkischer Boebachter." the ton from Buffalo.

terests as well as to help refugees. official Nazi organ, which is wiit-

A

College Men Doing Work

For The Farmers

tenby, Captain von Zeska of the German General Staff,

He writes that "though the Red Army has lost striking power through the removal of many high officers, it would be a mistake,not to take into account the continual extension of the army, which has naturally increased its offensive | strength

"There can be no doubt that

STRONG APPEAL TO THE Y'S MEN'S CLUB of Hongkong, as well as other organizations, to participate in the work being done for Chinese refugees at the Shumchun Rural Welfare Centre was made by Mr. Percy Chen, Director of the Centre, at the eon-the Russian soldier-as shown in clusion of his address to the Club at its weekly tiffin held at SE Francis Hotel yesterday.

Mr. Chen's talk was on the aims and objects, as well as the activities of the Centre, and he incorporated in it detailed informa tlon which had, hitherto been little known, "The address was warmly

received.

the world war, and the Changku- feng incident-la brave, enduring. and tough, and he knows how to fight splendidly under good leader- ship."

Captain Zeska estimates that the Soviet air strength is nearly

Mr. 8. B. Tao, Arst Vice-Presi- Y's Men to participate in this 9,000 machines with reserves. Not dent. was in the chair. and work, to make it a part of your all the machines are up to date, amongst the guests was Professor work. You participated in the Tai- he says.

W: I. Gerrard, Professor of Medi-po Rural work, you have a night; cine at the University of Hong-school-I appeal to you to help us kong. The speaker was thanked at Shumchun.

by. Mr. C. P. Wong:

In his appeal, Mr. Chen sald: "I here and now appeal first to the

TRAIN CRASH AT HATFIELD

.

...

$90,000,000 FOR RELIEF WORK

"I may say this; the workers are being allowed $6 per month for food. They are college graduates. CHUNGKING, Jan. 26 (Intl)— They are sleeping on the floor, be-Overseas Chinese have remitted Cause we will not spare the money about $90,000,000 (U.S.: $30,000,000) to buy beds, and they are stand for relief of wounded soldiers and Ing it. They had no light. I made refugees and other charitable and LONDON, Jan. 25 (Reuter)-One the most difficult conditions for patriotic purposes, since the out- person was killed and eight were these young people to go out. They break of hostilities, according to a injured at Hatfield station when came back to Hongkong a short report by the Overseas Chinese an express from Cambridge ran while ago, and I was trembling Affairs Commission, into a stationary train the two would they go back? They didi end coaches of which were tele-These are the sort of people that scoped, Ambulances from neigh- we have there, the sort that we bouring towns were rushed to the want." scene but rescue work was held up by snow which fell yesterday.

Donations from Chinese in the Straits Settlements ranked arst with a total of $34,000,000, with the Philippines, 'Australia, United The text of Mr. Chen's speech | States and Hongkong next, in the appears on Pare 8).

order named. ':

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