THE F.A.
CUP DRAW
THE HONGKONG TELEGRAPH. TUESDAY, JANUARY 16, 1934.
ROOSEVELT DECLARES FOR
60-CENT DOLLAR
(Continued from Page 1.)
"I am confident that the nation LONDON'S LUCK IN THE gold stock, resulting from any of the government to maintain will realise the definite purpose
decrease in the gold content of credit and to provide a sound the dollar, which may be made in medium of exchungs, serving the the public interests.
FOURTH ROUND
DBAWS CONFUSE
London, Jan. 15. The drafor the fourth round of the F.Cup, to be played on January includes gamer
was made to-day, and many incompleted
Lands has bila dificult.
been luck, although in two matches London elevens clash. Tottenham are at home to West Alam, and the Arsenal to Cryal Palace.
de full draw, as cabled by Hater, follows:
Millwall v. Leicester.
Tottenham v. West Ham,
Tranmere v. Liverpool or Fulham. Workington v. Preston.
Hull v. Manchester C.
Manchester U, or Porinmouth v.
Grimsby.
Arsenal v. Folace,
Birmingham v. Charlton. Bristol City or Derby v. Wolves. Burnley or Bury v. Swansea. Chesterfield or Villa v.
Sunderland or Middlesbro.
Plymouth or Huddersfield v.
Southampton or Northampton, Chelsea or West Brom, v. Notta F, Stoke v. Blackpool, Brighton v. Bolton.
Oldham v. Wednesday,
EUROPEANS KILLED
IN QUAKE
SEVERE SHOCKS
IN INDIA
LATEST DETAILS
London, Jan. 15.
If public intorests should re-
quite an increase in the amount
neods of the people.Rentor.
· ÓFFICIAL PRICE
of gold in the dollar, the Josa would fall upon the Government.
REDISTRIBUTION IN WORLD?"Doad Line" To-morrow
Night
POINT TO POINT
GOOD MEETING AT FANLING
TOM COBLEY WINS
YET AGAIN.
a
The point to point ruce meeting held at Fanling on Sunday was huge success, and was thoroughly enjoyed by competitors and specta. tora alike. The full results of the events follow:
RESULTS.
for
(A. - F. Jenkins). 1
2
3
The title to all gold being in the Government, the total stock)
Washington, Jan, 16. would serve as a permanent and
- Mr. Morgenthau has announced fixed metallic reserve, changing that beginning to-morrow, the in amount only so far as neces-official price of newly-mined gold
Heavyweight Race-A race sary for the settlement of inter- per fine punco will be $34.45, les China ponies, minimum 108 lbs, catch national balances, or as may be one-quarter of one per cent. for weights: required by n future agreement handling charges. This is 88-'A. F. Jenkins' Tom Cobley among nations for the redis sumed to be the Treasury, price, tribution of the world's stock of and not the R.F.C. price, but n│R. Allen's Toby monetary gold.
formal announcement on this point
(R. Allen) With the establishment of this 'is promised later.
D. P. Yates Loch Ness
(D. Pool Yates) permanent policy, the time, has Mr. Morgenthau has set Wednes-
Time-21 mins. 12 secs. come for a more certain deter day night as the "dead line" for
Starters: mination of the gold value of the the delivery to the Treasury of all dollar.
gold held by individuale, not In consequence of world uncer-including the Federal Reserve tainty, the President does not, how- Banks, whose total holdings are ever, believe it to be desirable in estimated at over £700,000,000. the public interest that the exact The R.F.C. bna. Increased its value should now be fixed.
Gold Fund to $150,000,000, all but $25,000,000 of which has already been used. Domestic purchases totalled 081,000 ounces, have ли
valued at $22,898,000, besides $97,000,000 in foreign gold.
THE TWO LIMITS.
The President has been thorised by present legislation to fix the lower limit permissible for, the revaluation of the dollar at. fifty cents.
Toby, R. Allen. Loch Ness, (D. Peel Yates). Charleston. (P. V. Williams). Tom Cobles. (A. F. Jenkins). Grey Dawn (Major W. E. B.
Dowling). Zangl. (Capt. TG. B. Sutherland). The Greylag. (Cumming). Esculado (Portman). Orleans. (Major F. D. Annesley). Black Marin. (J. K. Bousfeld). Ladies' Race. A race for China ponies, cutchwelghts, 120 lbs.: Golden Star
Mr. Jesse Jones, Chairman of the R.F.C., said dollar revaluation Careful study lends me to be-would leave the Corporation with Tim lieve that any revaluation exceed a gold profit, because it can sell gold overseas. He indicated that ing sixty per cent of the present the Corporation's foreign gold has statutory value would not be in been ear-marked for London and the public interest.
Therefore, I recommend Con- gress to fix the upper limit per-] missible for revaluation of the dollar at sixty per cent.
Paris.
THREE ORDERS,
President Roosevelt has issued three Executive orders for Govern- ment regulation of forelyn ex- change transactions, extending the licence policy to individuals as well as banka.
EXCHANGE dealings. In order that we shall be fur- ther prepared to bring a greater
White House has explained degree of stability in foreign ex-
substantially change rates, there should be add-that the orders are
The new orders are said to pave the way for dealings by Mr. Morgenthau-Reuter.
ed to the present power of the the same as the regulations issued on March 10, 1933, but instead Secretary of the Treasury, power of applying only to banks, they to buy or sell gold at home or will apply to all persons dealing abroad and the express power to
in foreign exchange. A severe earthquake shock,deal in foreign exchange as such." From the profits of any devalua causing some loss of life, was tion of the dollar, the President a large part suggests that there should be experienced over
established an Exchange Equalisa- of India to-day.
In Calcutts, the tremors lastedtion Fund of $2,000,000,000, for three minutes, but although some the purchase and the sale of gold, alarm was caused and a number of foreign exchange, and of Gov of buildings, were damaged, no-one rament securities, as the regula- tion of currency, the maintenance was seriously injured.
of the United States may require. of credit and the general welfare,
SILVER'S PLACE.
FEATURES OF PLAN
Main Provisions of Bill
It is believed that ning people
Washington, Jan, 15. were killed at Gaya, in Bihar, and
The Monetary Bill embodying cight at Patna, while at the Jamal-
President Roosevelt's re-commendu- pur-Bengal station the buildings
The President foreshadows tions to Congress has been In- collapsed, killing the wife and, children of the European Manager amendments to existing legisla- troduced in both Houses. It con- of the Railway Workshop and the tion relating to dealings in goldtains the following major provi wife of the local Medical Officer. and other monetary matters and sions:
Several bulldings also collapsed adds that the other at Benares, Lucknow and at towns in the United Provinces. tremors were only slightly felt at Bombay,
The
It is believed that India escaped the centre of the
disturbance, which was recorded on selsmo Kraphs in Great Britain as one of exceptional severity.-British
Wireless.
WORST SINCE 1897.
Bombay, Jan. 15.
1
(Mes. P. V. Williams)
(Mish "Beryl" Fair) 2 Iinppy Hit
(Mrs. MacBrayne) 3 Miss "Pam" Scott Harston, who finished first past the post, was dis- qualifect for not completing the
Course.
Time-24 mins. 7 secs. Starters: Glenshee, Miss Scott Harston). Cloudy Eve. (Mrs. Portman). Golden Star. (Mrs, Williams). Spotty, (Mrs. St. Clare Ferd). Cambridge, (Mrs. Parkes). Danabelin. (Miss Fearon). Happy IIit. (Mrs. Machrayne). The Dunn, Mrs.
Devon. (Mlas Bonnar). Tim. (Miss Beryl Fair). Until Then. (Miss "Heather"
Gerrard). Lightweight Race.-A race for China ponies minimum weight 145 lbs., riding weight: Col. G. T. Raikes' Winchester Stag. (Col. Raikes) D. R. E. Evans' Social Mark
(D. B. Evans) J. C. Richardson.ichardson)
Zephyr
Time.-17 mins. Starters:
}
2
RADIO BROADCAST
TO-DAY'S BROADCAST.
RELAY OF ROTARY CLUB
TIFFIN, SPEECH
From Z. B. W. on a wavelength of
356 metres:
4,30-5.15 p.m. Chinese recorded pro. gramme.
6.15-6 p.m.
A relay from Daventry of the Scottish Studio Orchestra directed by Guy Daines.
6.7.30 p.m. Chinese recorded pro- gramme.
7.30-10.30 pm. European pro-
gramme.
7.30-8 p.m. From the Studio.
The 21st of a series of lessons in Cantonese by the Rev. Mr. II. R. Wells.
8 p.m. Local Time and Weather Report
8.3-8.30 p.m. From the Studio.
A Planoforte recital by Madame C. Cuervo.
Programme.
1. Andante de la Sonata 9
(Beethoven).
2. Ecoenaleen (Beethoven), 3. Danzas espanolas No. 9
(Granados).
1. Vogel als Prophet (Schumann).
2. Prelude No. 1 (Debussy).
3. Danzas Fantasticas-Orgin
Farina).
4. Le Cirque-Clowno (Turina). 8.30-9.15 pm. Recorded music. Orchestral Summer Night on the
River (Dellus).
Sir Thomas Beecham and the Royal Philharmonic Orchestra. Song A Summer Night (Marziale
and Goring Thomas). Song-My Dearest Heart (Sullivan),
Derls Vane (Soprano), Orchestral-Der Freischutz---
Potpourri (Webor).
Marek Webor and His Orcit: Orchestral Witches Dance (La
Tregenda) From "Le Vill (Puccini):
The B. B. C. Wireless Symphony Orchestra conducted by Percy Piti. Orchestral-Concert Waltz in A
(Glazounov),
The B. B. C. Wireless Symphony Orchestra
stra conducted by Percy Pitt. Song-Too Late To-morrat
(Langenberg).
SongMacushin (Rowe-Mac- -
Murrough).
Richard Crooks (Tenor). Orchestral-Dance Slave (Chabrier), Orchestral-Marche Joyeuse
(Chabrier-linricha).
New Light Symphony Orch: 9.15-9.46 p.m. From the Studio. Selections by Misa Doreen Ma (Piano) and Mr.
3 (Violin).
Social Mark. (D, B. Evana), Jan Stewer. (G. P. Ferguson). Zephyr (J. C. Richardson). Country Club. (M. N. Cochrane): Winchester Stag. (Col. G. T.
Raiken).
Much Ado. (Bond).
Firefly. (R. A. Jardine). The Goods. (B. Allen). precious 1. The title to all Federal Re- "Pat. (Browning).
Demurrer. (II. S. V. Mossop). metal, silver, has been used from serve gold. will pass to the United
Ginger. (Lieut. M. J. Muspratt- time immemorial as a metallle States Government, and the Federal
Williams). as actual Reserve system will be given credita
Jack O'Lantern. (J. Barrow). basis of currency, also currency itself. It is used as such in equivalent amounts in dollars.
Wisdom Stag. (W. T. Stanton). by-probably-half-the-population of 2. All gold to be withdrawn.
Just-Imagine(J.Durran), the world. It constitutes the most from circulation, gold coinage Wonderful Chivilary. (S. Archer). important part of our own mone- abandoned, and no currency to be Lucky Bird. (A. J. Ropes). tary structure.
redeemed in gold except gold certi- The Curlow. (W. A. MacKinley). ficates owned by the Federal Re- Australian Race-A race for Aus: serve Banks in stich amounts as the tralian pontes minimum weight 145 Secretary of the Treasury decides lbs., standing weight: necessary to maintain equal pur-Dr. J. C. Macgown's Belinda
(Dr. Macgown) chasing power for every kind of A. Wall's Cyrano
(A. Wall) 2 Lieut. D. A. O'Conor's Kilrea
(0'Cornor) 3 Time.-18 mina. 40 nées.- Starters: Belinda. (J. C. Macgown). Encounter Bay, (P. B. Evans). Cyrano. (A, Wall).
Silver is, in fact, such a crucial factor in much of the international trade of the world that it cannot be.neglected.
LONDON AGREEMENT. So far, it is reported that 25
President Roosevelt then recalis were killed and at least 200 in-his proclamation of December 21, jured in the earthquake, which was the most general experienced
since 1897.
The area affected was from Gujerat to East Bengal and from Madras Presidency to the Hima- layas and Punjab,
The centre of the disturbance appears to liave been about a thousand miles east of Bombay and a hundred miles north-west of Calcutta.-Renter,
RUBBER CONTROL
FRESH DIFFICULTIES
ARISE
The Hague, Jan. 16. The International Rubber Asso- elation is holding a meeting within a few days, which, it is expected, British delegates will be invited to attend, to discuss the report of the Restriction Committee.
la generally conceded that a definite solution is now more re mote than ever, owing to difficul- ties which have arisen in the recent negotiations.-Reuter.
A
ROYAL PATIENT
Princess
1933, providing for the coinage of newly-mined silver and increasing
America's reserves of silver bullion, "thereby putting us among the first nations to carry out the silver agreement.
"This agreement is distinctly a step in the right direction.
currency.
3. The Secretary of the Trea- stry will be authorised, with the President's approval, to purchase
any amount of gold, at home or
abrond.
4. The Secretary of the Trea- aury could anticipate the payment of interest on Public Debt and sell or abroad. To gold at home stabilise exchange, he could pur- or discount drafts, "We are proceeding to perform chase, soll
cheques, bills of exchange, accept- our part in that agreement.
After reviewing all the pledges ances, or other evidence of indebted given at the World Economic Con-ness. ference, President Roosevelt con- tinues:
NO RECOMMENDATION,
Resedrop, (A. J. Ropes). Beauty. (Lieut. S. E. Skey). Manna. (Lieut. J. W. Hope). Kilrea. (Lieut. D. A. O'Conor).
Winters Tale. (Miss Scott Harston),
WONG MEE SHUN DISSATISFIED
(Continued from Page. 8.)
- HUGE PROFIT.
While claiming that his schome is an argument against printing- press money, the President statea "If all these undertakings are that he does not bellove that the carried out by the Governments limited amount of non-interest- concerned, there will be a marked bearing five and ten dollar notes,pended after 27 minutes play in the increase in the use and the value provided by the Thomas amend second half, with the Chinese lending of silver.
ment, would be regarded as green-by two goals to nil, "Governments can well employ backs. He also does not doubt his Emergency Committee on Friday at The matter will como before the silver as a basis of currency, ability to stabilise the dollar more 6.30 pm.
than once between the 50 and 00
The following, second round Senior per cent, limits.
and Junior Shield programme was drawn up for Saturday:
"I look forward to the greatly in ereased use of silver. However, I am withholding any recommenda- tion to Congress, looking to the that the. United Staten stablisation The President further believes further extent of the monetary use move will hasten the fixation of of silver because I believe that we other nations" currencies. He
should gain more knowledge of the estimates that the nominal Govern- results of the London Agreement ment profit in consequence of the Hill). by our other monetary measures." | reduction in the gold content of the
SOUND CURRENCY.
President Roosevelt stresses two principles:
The national currency must be maintained as a sound' currency, having a fairly constant pur- chasing power and adequate for dally use and the establishment of credit.
PRINCESS'S GOOD RECOVERY
The other principle is the in- London, Jan. 15. heront right of the Government to Anal bulletin
Issue currency and to be the sole concerning Arthur of Connaught, cuntodinn and owner of the base Issuod to-day,
reserve of precious metals states: "Theor Princess has made good progrosa underlying the currency. since her operation, but will re- main in the Nursing Home for another fortnight. There will be A subsequent period of several ́weeks' . convalescence." British
Wireteaa.
NEEDS OF PEOPLE.
With this goom the prerogative
of Government to determine from time to time the extent and nature of the metallic reservo.
dollar will be between $3,400,000,- 000 and $4,200,000,000.-Router,
TROLLEY BUSES FOR LONDON.
TRAMS. SOON TO BE REPLACED
London, Jan. 15. The London Passenger Trans- wort Board intends to replace trams by troflev buses on a long
JUNIOR SHIELD.
(Klek of 2.30 p.m.), South China v Recrelo (Caroline
Navy v. Lincolns (Kowloon F.C)). Police v. R.A. (Sookunpoo). Club v. Borderers (Club).
SENIOR SHIELD;
(Klek of 4 p.m.), Navy v. Chinese Athletic (K.F.C.). Club v. Lincolns (Club), St. Joseph's v. Police (Caroline II).
Borderers v. Kowloon (Scokunpoo), The First Division League match between South China and the Royal Artillery, postponed from October 16, will be played on Sunday, at Caroline Hill ground, at 4 pm.
Harold Leong
Programme.
1. I've Got to Sing a Torch Seng.
2. I Wake Up Smiling.
3. Learn te Croon.
4: I Want You--I Need You.
5. Doreen (3. A. Silverio).
6. Ah But is it Love?
7. You've Got ma Crying Again.
8. Hold Your Man.
U. Thanks.
D....
9.45-10.30 p.m. Musical Comedy. Vocal Gems-Music in the Air.
Light Opera Company. Selection-Bow Belis.
Now Mayfair Orchestra. Vecal Gems-Wild Violete.
Maria Elsner and Martin Kraemer ————-of-the-Stato Opera, Dresden, with-
Chorus and Orchestra. Selection-Mother of Pearl.
New Mayfair Orchestra. Vocal Gems-The Cat and the Fiddle.
Light Opern Company.. 10.30 p.m. Rugby Mid-day Press News.
10.35 p.m. Close Down.
BRITAIN'S NAVY -
IMPORTANT PARLEY-
ANTICIPATED
Singapore, Jan) 15. Important preliminary discus- representatives of the Army and sions between naval delegates and
Air Force, in view of the forth- coming Naval Conference, are ex-
fluence upon the British naval po-
ley in the Far East.
pected to have a far-reaching in-
The coming naval discussions have an added significance In view of the openly expressed opinions in many quarters that the next few years will see a test of naval strength on the Pacific. steps to complete the construction Great Britain has already taken
of the Singapore naval base.
H.M.S. Eagle, the aircraft carrier which recently left Hongkong, ac- companied by the destroyers Wren and Veteran, are due to-morrow.
Vico-Admirala Dunbar Nasmith and G.F. Hydo and Rear-Admiral F.B. Watson are due here on Jan- uary 19. Admiral Sir Frederic Dreyer will confer with the Com- imander-in-Chief of the East Indies Squadron and with ofcors from Australia and New Zealand, on their arrival-Router.
PRINCESS ARTHUR.
GOOD RECOVERY FROM OPERATION
but
London, Jan. 15, Princess Arthur: of Connaught has made good progress sinco hor The H.K. University Medical So- racont abdominal operation route in the Metropollian area. cloty is to meet on Friday next at and will shortly spend £1,000,000 5.15 p.m. when Dr. Tennyson Howie will remain in the nursing homo on these new vehicles and in re-will Apenk en "Interesting Advances for another furtnight. There will moving the existing tram lines in, Endocrinology." British Wireless.
friends are invited.
Membere
and bo a subsequent period of con- valescenco-British Wirelons.
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