GREAT SPRING
SALE
New Bargain Line
Pcs. for
VESTS 3 $1.
Big, Assortment
Spring Colours
NEW BAGS
Bargan Price $1.50
Latest
While Felt
HATS $3.75 to $7.50
Good Range
GIRDLES
AT CLEARING PRICES
Another
New shipment of
STRAW HATS
THE HONGKONG TELEGRAPH. TUESDAY, MARCH
NOW ON
ELITE STYLES
Phone 22432.
A.P.C. Building.
DON'T FAIL TO MEET
HOT HEIRESS
Ben Lyon One Munson
QUEEN'S - Thursday
FOOK WENG C CÓ
(The Chinese Art Shop)
FUR
Finest Embroidery, Drawn work, Silk Lingerie,. Apparel, Cloisonne, Lacquer & Pewter ware, Curios
and all kinds of Chinese Novelties.
“Good Quality & Moderate Price.
1, Peninsula Hotel Arcade;
20, Hankow Road,
KOWLOON.
THE
HONG KONG
PENINSULA HOTEL:
HONĆKONG HOTEL; REPULSE BAY HOTEL;
PEAK HOTEL
& SHANGHAI
ASTOR HOUSE; PALACE HOTEL:
HOTELS
LIMITED.
In association with the Grand Hotel des Wagons Lits, Peking
Penang
The Scenic Gem of Malaya
A
first class
Hotel
sapoi
throughout and beautifully Situated
Runnymede Hotel
Malaya's Premier Hotel
Food and Wines especially good,
AFTER-DINNER DANCE
Every Thursday & Saturday-Orchestra Daily.
CABLES,"RUNNYMEDE”.
BANNERUNNYMEDE HOTEL, LTD.
AMERICA'S GOLD POLICY
CURRENCY TEMPOR- ARILY "MANAGED"
New York, Mar. 6. Mr William Woodin, Secretary of the Treasury amplfying the President's proclamation said emphatically that the United States is not off the gold standard.)
Any such interpretation is L grave mistake," he said, adding that the position was a state o. "managed currency In this con nexion he pointed out that Swit zerland was still on the gol standard, but forbade the expor tation of gold-Reuter.
Recation Abroad
Shanghai, Mar. 6. The four American banks in Shanghai are carrying on business as usual to-day, despite the crisis in the United States,
Reuter.
AMERICAN BANKING
CRISIS
(Continned from Page 1.)
If the United States does, by a prominent banker of Rome.
in Paris that France would not be It is hinted in various quarters averse to placing an embargo on gold exports.
FRENCH FEELING.
7, 1933.
CROWN LAND SALE.
THREE LOTS AUCTIONED
BY P.WD, A
Three lots of Crown Land were sold by auction at the P. W. D. Ofice yesterday afternoon, but only in case was there any bidding.
one
an area of about 22,000 square feet Sold at its upset price of $22,000, of land was bought by the Wing Oa
Quary. The land is si.uat:d near
rental of 5404.
Bay on the Shnukiwan Road Le Journal Les Debats comment adjoining Inland Lot No. 3507, It is ng on this possibility urges the registered in the Land Office as, In- Banque de France to refrain from and Lut Na 3637, and has an annual xporting gold to countries, which save abandoned sound currency feet of land situated near
Another lot of about $10,500 square Quarry ointing out that Britain's Ex-Bay was bought by the National hange Equalisation Fund is no Lacquer and Paint Products Com onger able to operate against tie pany, Ltd., of 287, Kilung Street, Jollar and will now devole s at Shamshuipo, for $15,100, the upset ention to the franc and be in a price being $10,500. This lot is also position to drain off large amounts located on the Shaukiwan Road, and of French gold,
is registered in the Land Office as Inland Lot No. 3530. Its ancua. rental is $102
+
FRENCH READY TO HELP.
The third lot, comprising about Reuters officially informed in 9,600 square feet of land East of Thos. Cooks and the American Paris 1 define and venerans Diamond Hill, New Kowloon, was Express Company similarly are support will be forthcoming from sold at its upset price of $950, the eashing travellers' cheques and France to enable the United Purchasers being Messrs: Hung Hok- lettera of credit; hence visitors States to remain on the geld. Lai Chung-iu, La Wai-yat, are experiencing no dificulty standard, but no request to help im and Lui Cheong-iu. This lot is Cheung Chak-chuen, Leung Cheong- has hitherto been received. registered in the Land Offer as New
The British Government are folKowloon towing sympathetically the serious fits annual rental is $66.
Inland Lot No. 2089, and development of the internal bank- The Hongkong Chinege Golding difficulties in the United and Silver Exchange, and certain States, said the Prime Minister, native banks were much affected answer to a question in the by the sensational developments Commons. He added that no ne in America. The Exchange of-tion. by His Majesty's Government Paris. ficials summoned a special meet seems to be called for at present. Geneva ing to discuss the situation.
The Hongkong branches of the American banks are also carrying
OB.
One or two native banks were LONDON SITUATION. found financially embarrassed bei
Following Saturday's brief sug- cause of their large holidays of pension of business, the London gold stocks,
The Chinese Exchange is ex-ed to-day in all currencies except Shanghai
Foreign Exchange Market re-open- Buenos Aires pected not to open to-day and pro-American dollars. bably not to-morrow.
No London Dollar.
London, Mar. 6. All exchanges are being dealt with on the London market to-day, except the dollar.-Reuter.
933*
EXCHANGE RATES.
March 3.
March
.87.3/16
.17.624/
Berlin Helsingfors Oslo.. Athens Milan..
14.524
1787 14.23/32 227
.19
10.9/16
+593**
.67.5/16
59314 68%
.1/84
1/8
.3.44%
.B.,2 .30 .115%
#1
8.67%
20
117
41.7/18
.580
690
.1/3% ,24.49
1/341
24.85
.18.871/4 22.7/16 110
18.90
22.7/16
110
6
..1/0.
1/4
1/2
1/3
..2314
...4.05
.99.1/16
260
4.21 99.1/16 250 £99%£100
17.11/16 17%
The decision was welcomed in the
New York. Amsterdam City and had a reassuring effect. Vienna Quotations, however, were mainly Prague nominal. No quotations were made: Madrid for South American currencies.
Pucharest. Dealing in dollars is suspended Hongkong Kafirs Decline.
Brusstis. until the plans for overcoming the Johannesburg, Mar. 6.
crisis and the reopening of the Copenhagen.
Stockholm Reacting on the American, banks are announced in Washing-Lisbon. crisis, kafir shares declined. ap- ton, preciably to-day. There was very in foreign currency and the trans- Yokohama.
America has prohibited dealings Bombay heavy selling and the week's pricesfer of credits abroad: The issue Montevideo slumped to an average of five of clearing house certificates, tem- Montreal. shillings.
porarily replacing currency, has War Loan.. been' authorised.
There were exelting scenes at call when the downward tendency Was maintained. All stock is affected. Reuter.
h
STOCK MARKET,
On the London Stack Exchange the effect of the latest American REV. A. D. STEWART.clines in South African gold mines developmenta was noticeable in de-
LEAVING TO TAKE UP POST IN ENGLAND
+
Belgrade. South Africa.... Silver (spot)....17.1/16 Silver (forward).17%
--British Wireless.
TO SAVE MONEY.
BE EXTENDED
ehares. British Government stocks i generally were 1/16 and 4 lower, LEGISLATIVE ASSEMBLY TO War loan 32 per cent, closed- 99/16. There were a few dealings in Trans-Atlantic issues but after Many local residents will be in-early fluctuations, the tendency at terested to learn that Bishop close was slightly steadier.-Reuter Lander, who resigned from the and British Wircices. Hongkong diocese in 1920 and has since then been incumbent Lyondown Church, New Barnet. has been appointed Archdeacon) of Bedford.
of
MORATORIUM EXTENDED.
New York, Mar. 7.
E
New Delhi, Mar. 6. The life of the Indian Legislat- ve Assembly, expiring at the end of the year will be extended or "such period
3.6 expedient in light of the conditións preval
In line with the Presidential according to a decision proclamation, the Governor of don read to the Assembly to-day. which the Viceroy, Lord Willing-
The decision was taken to avoid
He will move to Bedford after New York State has extended the Easter to take up his duties as bank moratorium up to and in the expenditure of energy and Archdeacon, and continue his clusive of March 9 (Thursday)-money entailed by work as Assisant-Bishop of St. Reuter
Albans.
The Rev. A. D. Stewart, of St. end of July, after nearly 28 years. Paul's College, has been offered in the Colony.
the living of Lyonsdown Church. The best wishes of his many thus vacated, and expects to leave friends will go with Mr. Stewart Hongkong for home before the in his new sphere of activities.
A general election, and in view of the plans for federal constitution.
The commerce member," Sir Government was actively consider- Joseph Bhore stated the Indian ng the question or dumping goous in India from Japan.---Reuter.
INSULATION
Against
HEAT COLD NOISE
and
ACCOUSTICAL CORRECTION
BE SURE TO USE ONLY
CELOTEX
INSULATING LUMBER
WHICH HAS STOOD THE TEST OF TIME IN HONGKONG..
SHEWAN TOMES & CO
Hongkong,
Sole Agents,
Canton,
Whiteaways
MAY LAIDLAW & CO LTDI
To-day's
Great news!
FIRST CONSIGNMENTS
OF
NEW SEASONS GOODS
NOW SHOWING..
NEW MILLINERY
A SPECIAL PURCHASE
OF
LADIES' STRAW HATS
'
These are the first of the early Spring Models and all the latest Styles and Colours.
To open the Season we are
offering these all at a price.
$2.95 Each.
Usually $7.50 to $12.50. See Window Display.
NEW
"BUNTY"
VOILES
Over 90 designs in these popular Voiles: Tootals Manufacture. All the latest designs and color- ings.
38 inches Wide
PRICE
$1.25 Yard
MAKE YOUR SELECTION EARLY Best Designs & Colors Go First,
HOUSEHOLD LINENS
Colored linen afternoon Tea or Break- fast Cloth' with 4 Napkins to match. All Colors.
42 inches Square $2.50
50 inches Square
$3.50
MEN'S OUTFITTING DEPT,
WATERPROOFS
Men's Lightweight Waterproofs. Re- liable quality. Single Breasted. Light drab colour. All sizes just in. ⠀
PRICE $17.50
NEW GOODS
IN
ALL DEPARTMENTS
Inspection Cordially Invited. WHITEAWAY LAIDLAW & CO., LTD.