-
THE HONGKONG TELEGRAPH.
SATURDAY, FEBRUARY
GOLD PRICE
SOARS
HEAVY DEMAND FOR
U.S. DOLLARS
Washington, Feb. 2.
It la authoritatively indicated that private monetary talks with Great Britain are being held or are about to begin. Earlier in the week, the U.S. Secretary to the Treasury, Bir. Henry Morgenthau, Indicated that conversations he tween the United States and Bri- tain concerning the relations of the pound and the dollar might be expected soon.
The general foeling in American financial circles is that a currency having truco is preferable to Great Britain operating on the dollar market, which might easily develop into a currency war.
on
It has been suggested in some quarters that to protect her posi- tion at the head of the gold bloc, Franco may impose an embargo
circles gold. Officini
In Washington admit that President Roosevelt's policy will be hamper- ed if Franco adopts such a course. Re-actions to the "new dollar" from abroad are not considered to be highly satisfactory.—Reuter.
STERLING IN, LINE.
London, Feb. 2.
An all-time record price for gold, 139 shillings 6 pence, was reached to-day when the overnight figure jumped, four shillings per ounce.
The price is based for the first time on what bullion brokers describe as a supply and demand banks instead of on the French frane rate. Hitherto, it is learned, the market was guided more by the dollar than the franc in fixing the gold price.
The decision to base the London gold price on supply and demand, and not on the franc rate, is most significant, since the sterling price is thus practically brought into line with the American price,
which is now considered general ly effective.
An Avro-Cadet plane of the type to be employed at the Now Far East
Flying Training School at Kai Tack.
COLONY'S FLYING TRAINING SCHOOL
PROJECT
(Continued from Page 1.)
EXCHANGE RATES
extensive experienc in both the Royal Air Force and commercial silan....
aviation.
Paris..
Feb. 1. .77.27/32
Geneva.
15.84
Berlin..
.12,80
Helsingfora..
០៥. Athens.
.22014 19.00
.530
Buenos Aires Shanghai.
.3634
•
.1/4X
4.97%
.7.6214
103/2 .37.29/32
.520 1/4
.21.0914 19.39%
22.40
.110
onn
.1/0.3/32
.1/2.0/32 .374
ww
6.00
In addition to the foreign staff, the School is fortunate in obtain- New York. ing the services of an experienced| sterdam. Chinese pilot, Mr. Hung Tsi Ming, | Vienna ... who will act as Liaison Officer be- Prague. tween the British staff and Chin Bucharest
Madrid. cae pupils.
11ngkong There arc maný Aviation Brussels." Schools operating to-day who are Stockholm. content merely with taking pupils Copenhagen. through a short course, enabling Lisban them
obtain
Bombay amateur's licence after the minimum of flying is. instruction. While it is true that eo. graduates from such Schools are no
Belgrade in possession of certificates, the Montreal fact remains that they are far, Silver (apot)....19 from being efficient pilots, capable Silver (forward). 19.7/10 of either intelligently maintaining, War Lacan.......101.11/10 their aircraft or dealing with unforeseen emergencies,
to
an
HIGH STANDARDS.
MAMAK HOCKEY
Medway Tako Both Points
Playing in the Mamak hockey tour- nament, II.M.S. Medway yesterday
RADIO BROADCAST
beat the 9th A.A. Battery, Royal Ar-WEEK-END BROADCAST tillery, by three goals to one.
The match was played at Carolino If and Was evenly contested throughout. Branch gave the naval tean the lead which they kept until half time. In the fecond half Lieut J. O.. Laino equalised for the sol- diers.
Later Branch again gave the Mad- way the load, while Hodge put the aute beyond doubt when he took the ball practically the whole length of the field on his own and netted the third goal for the side.
FRIENDLY GAMES
Medway Officers Defeat H.K.S. Brigade
DANCE MUSIC FROM THE HONGKONG HOTEL
From Z. B. W. on a wavelength of 865 metres:
3
2.10 p.m. Close Down.. 3.45-0.30 pm. (approx), A Run- Football ning Commentary on the port and Combined Chinese from the Match botyeen the Hongkong Inter- Kowloon Football Club Ground, by courtesy of the Kowloon Football Club and the Football Association.
5.80-7.30, p.m. Chinese recorded programme.
7.25 pm. From the Studio—A talk on "Safety First" by the Hon. Dr. R-H. Kotoweli.
7.30-11.30 p.m. European pro- rammé.
7.30-8.10 p.m. Variety.
8 p.m. Report).
(Local Time and Weather
Vocal Dust-Moon Enchanted, Vocal Duet-The Thought Never
Entered my Head.
Winnie Melville and Derek Oldham. Hour of Love. Orchestral-Play, Fiddle Piny,
Feb. 2. 67.17/32 H.M.S. Medway Officers defeated 15.70 the Hongkong Singapore Brigado, 12.86 R.A.. by three goals to nil in a 2016 friendly hockey encounter at King'a
10.00 Park yesterday afternoon. The Bri-Orchestral-To-night Give me an
626 gade were without the services 58.3/10
Lt. Hebert, Lt. Ravenhill and Rajah 30% Khan, while the Medway lacked the 1/4.3/10 services of Lt-Cdr. Atkinson, on the
4.90
left wing, and. Lt. Bartlett, who has 7.694 an injured foot.
28
of
103 The Medway displayed good com- 17bination in their forward line,
the
610 understanding between Donald, Eaden 1/6% and Cheyne being pretty to watch. 21.80 All
three goals were the result of 2012 good 19.39%
work
the right tank. 22.40 Cheyno gave them the lead and bo-
fore the breather 109%
added second 1/6.3/32 goal. The third goal was obtained 4 by Eaden in the second period, and 1/24
1/2 towards the end Endon was unsuc-
38% cessful with a penalty bully.
British Wireless.
225
In the Brigade attack, Garthwaite 4.05 10% and Dost Mohammed worked hard, the latter having bad luck not to find the net on more than one ocension. Fletcher, in goal for the Modway, played a good game,
194
CUMBERLAND WIN.
J
Playing on the home ground at King's Park, H.M.8. Camberland de feated the Hongkong, Hockey Club "A", eleven by a goal to nil, scor- Deed in the second half. will
The point was netted by Lt.Cdr. Whetstone, at centre-forward. The Club had the Club seniors' defence, who played on
the right flank.
maintenance purposes and will also contain numerous types of The firmness of the dollar in The Promoters of The Far East' modern aircraft engines, There terms of sterling and gold cur-Flying Training School, Ltd., have will also be a representative range rencies is due to the heavy demand adopted the policy that the new, of sectioned parts available for in- for dollars, Stock Exchange circles School will operate to extremely etruction. Airframes being particularly anxious to par-high standards. Their attitude available for tuition in rigging, ticipate in the expected Wallis that personnel, equipment and constructional details and main-services of Dand and Lowe, of the Street boom following the rostandards of teaching, shall be the tenance. patriation of funds and in com-finest obtainable., This policy ad- mercial requirements.
mits of no compromise, and we
MESS PROVISION. The weakness of sterling le feel that Hongkong is to be con-
Another feature of considerable purely a result of the strength of gratulated in the acquisition of an interest is that the Promoters of the dollar.
organisation with such a back- The Far East Flying Training Central British Association against The following will represent the Heavy withdrawale from the ground.
School, Ltd., Bank of France to America
are providing the 12th Battery, Royal Artillery, in are With regard to the courses suitable mess for out of town a Mamak Tournament match at expected to continue as the pro- offered, we understand that as at students, with living quarters, at a King's Park at 10.30 am, to-morrow. sent Paris-New York rate is still present planned, these are as minimum charge. This accom-G. Moss; B. 1. Bickford and A. about two per cent. above the under:-
medation is located conveniently Pole; S. MacNider, O. Halford, and gold export point. Yesterday's shipments are understood to have amounted to £2,500,000.
Although the strain on the French gold reserves is consider- able, the Bank of France is con- sidered sufficiently strong to main- tain gold payments to America, Moreover, the existing technical and physical limits will provent withdrawals ad__lib.—Reuter,..
Immediate Effects.
London, Feb, 2. Gold to-day lucreased a further 4/- to 139/6d, thus establishing a new high record. The
increase was accompanied by a fresh burst of activity and strength in the mining market and considerable rises took place in leading mine abarcs.
In the Forelyn Exchange Mar- ket rates on sterling were New York 4.96, Paris 76 11/16.
Commenting on the American establishment of a bullion stan- dard, The Times expresses the view that the immediate effect in likely to be a loss of gold from gold countries to United
the States. This, I thinks, is the In- evitable outcome of undervalue- tion of the dollar which arises from the fact that the rise in American prices has been insuf- fcient to offset depreciation in the dollar.
"The rise in American prices since the dollar began to depre- ciate has been equal to little more than 50 per cent, of what it should have beon. The main concern of the gold countries, as well as that of others with relatively atable currencies, is the future course of American pricea. If these should ring strongly the strain on gold countries will be diminished la proportion, Immedinte signā aro not unfavourable, for yester day American markets reached strongly to new development. If It becomes clear that the President la determined to stabilize the dol- lar at not loss than ita prcaent figure, confidence will be recreat- ad In those quarters where hither- to it has been lacking."--British Wireless,
NAVAL PARLEY?
JAPAN WILLING FOR PRELIMINARY TALK
Tokyo, Feb. 2. From well-informed circles here It is understood that Japan is will. ing to participate in a preliminary naval conference with the United States, providing the United States extends an invitation.
Japan, it appears, is not inclin- ed to take the Initiative in this direction-United Press.
MAMAK MATCH. ·
1 Private Pilot's British "A" close to the aerodrome, and should N. Whitley: W. H. G. Hirst, T. S.
Licence Course.
prove a distinctly popular feature, D. Whitley, C. C. Francis, W. G.
In order that a reasonable de Johnson, and J. J. King. gree of physical fitness may be.
2 Blind and Instrument Flying
Course.
4 Preliminary
1 Advanced Acrobatics Course, maintained, full time students Ground Engi- will be provided with recreational facilities and given every CR- couragement to play games under direction of the Scliool Officials,
neer's Course.
G Advanced Ground Engineer's
Course.
6 Parachute Course.
--7-Commercial--Pilot's---British
"B" Licence Course.
DISCIPLINE. -
With regard to discipline, all
A preliminary prospectus is in pupils are expected to adhere to the process of being printed and the rules and regulations of the will be available in the course of School, particularly those in ro- the next week.
THREE PLANES.
7-cylinder
gard to flying and aerodrome dia. cipline, and the Commandant re- serves the right to discontinue the
FRIENDLY CRICKET.
Medical Corps Easily Beat St. Joseph's.
BONAVIA IN FORM.
Playing at Sookunpoo yesterday in friendly cricket match, the Royal Army Medical Corps beat St. Joseph's College by ten wickets.
Having frst lease, the schoolboys complied 70 runs, Kitchell being top
scorer with 26.
Bonavia, Gouety and Millington did the damage. Bonavia having the best average, 3 for 11.
Requiring only 71 runs to win the
As regards the equipment for the training of a pupil who is in any considered unsatisfactory. new School, we are informed that way the initial unit of machines la due This should lead to a high stand to arrive in Hongkong early in ard being maintained which will February and consists of three undoubtedly react favourably on Avro "Cadet" aircraft fitted with the reputation of the School.
It will be recalled that in the Armstrong Siddeley Genet Major engines of 140 H.P. original announcement reference each. These aircraft incorporate was made an Arrangement Medical Corps sent.out Bonavia and Flying Training Colledge, and the pair retired after absolutely the latest ideas in whereby
School will provide tuition to passnd Colledge 26. The side went training machines, including:-
passing the total. Bonavia scoring chosen members of the Hongkong 43 Volunteer Defence Corps.
We
score 121. Kitchell, following his batting dis- understand that arrangements are play, took two wickets for 10 runs. being completed covering this Scores: phase of the School's activities, Facilities are also being provided
Low Pressure Undercarriage; Wheel Brakes;
Matal Airscrew; Handley Pago Safety Slots; Electric Starters.
The machines will be finished in school colours which, we under stand. includes red fuselage, with cream trim and silver wings,
SPECIAL BUILDING.
A suitable building Is
to
the
on
to
St. Joseph's. `.
for the training of the members G. Khan, b Gourty... of the Hongkong Flying Club, de- A. R. Kitchell, Bonavia taila of which will doubtless be A. He baker. b Millington available in the near future.
C. Amery, Millington..
STANDARD TYPE.
now In An illustration appears in this course of erection at the western issue showing the type of machine
II. G. Asome, b Millington
1
-
Geraldo's Gaucho Tango Orchestra. Song-Vienna, City of my Dreama. Song-Les Millions O'Arlequin.
Charles Kuliman (Tenor). Piano Solos Billy Mayerl's Own
Selection.
Billy Mayeri. Vocal Quartel-Taka me Away from
the River. Vocal quartet Young and Healthy.
The Four Musketeers. Orchestral-A Night at the Hungaria.. Colombo with the Trigana Orch. Vocal Duet-I Like to Go Back
in the Evening Vocal Duet-Lazybones.
Layton and Johnstone. 8.10-9 pm. Orchestral. Salut D'Amour (Elgar).
Now Symphony Orchestra. Nursery Suite (Elgar),
Sir Edward Elgar conducting the London Symphony Orchestra. Suite No. 2 in B Minor. (Bach).
Chicago Symphony Orchestra con- ducted by Frederick Stock. Sylvin Ballet (Delibes).
British Symphony Orchestra con- ducted by Oscar Fried. 9-9,05 p.m. From the Studio, A talk on "Safety First" by the Hon. Secretary of the Hongkong Automobilo Association,
Hongkong Hotel Dance Orchestra 9.05-11.30 p.m. A relay of the from the Hongkong Hotel Grill Room. 10.30 p.m. Rugby Mid-day Press News.
11.30 p.m. Close Down, Orchestra nie by courtesy of the All relays of the Hongkong Hotel Management and during the intervals recorded music will be broadcast from the Studio.
SUNDAY'S PROGRAMME. 10.30-11.30 a.m. A relay of the Union Church Service.
Preacher The Rev. E. G. Powell. Order of Servico Voluntary
Hymn-"Angel Volces Ever Singing" Invocation and Lord's Prayer Hymn-"Rejoice the Lord in King"
Scripture Reading Hymn-The Joy of God's House"
Prayer
Hymn
Hymn
Offertory. Offertory Prayer Glorious "Zion"
Sermon
Jerusalem the Golden"
National Anthem Benediction
11.30-12 noon. Chinese recorded programme.
12-12.45 p.m. A relay of the Hop Tat Church Service.
12.45-2.30 p.m. European recorded programme,
1 p.m. Local Time and Weather: Report
2.30 p.m. Close Down. 4.30-7 p.m. Chinese recorded pro- gratume.
7-10.30 p.m. European programme, 7-7.21 p.m. Dance Tunes. Fox Trot-Moonstruck. Waltz-Ball at the Savoy-I Live for Fox Trot-Learn to Croon.
Love.
Fox Trot-Ball at the Savoy--I'll
Show You Of.
Fox Trot-Sweetheart Darlin'.
Fox Trot-The Gold Diggers' Song.
7.21-7.30 p.m.
26 The Merry Widow Waltz (Lebar).
The Chocolate Soldier My Hero-
Waltz (O. Straus).
6
"บ
บ
A. R. Razack, b Gousty
1. Guterres, b Bonavia
A. H. Eamall, b Haynes
C. Leitao, b Bonavia
end of the aerodrome adjoining to be used, namely, the Avro Veiga, b Leigh the corner of Sai Kung and Sam "Cadet". It is of interest to note Y. Barma, not out Tack Roads. This building will that Lord Londonderry. Secretary incorporate the following accom-uf State for Air, recently obtained medation:-
Lecture Room: General Oce; Commandant's Office: Large Common Room; Men's Locker Room; Ladies' Locker Room Large Engineering Instructional Workshop
. Extras
Total
BOWLING ANALYBIB,
his pilot's licence in one of these machines, which have also been approved by the Air Ministry as the standard type for Royal Air | Gonety Force Reserve training.
Mr. W. F. Murray, the Com- Bonavia...
Millington mandant of The Far East Flying Haynes Training School, Ltd., has tom-Leigh porary offices at the premises of The Engineering Instructional The Far East Aviation Co., Ltd., Workshop is being equipped with 20 Queen's Road, pending machine tools and small tools pletion of the now building at necessary for Instructional and Kai Tak Aerodrome.
Paul Whiteman and His Orchestra. 7.30-7.50 p.m. From the Studio.
A Vocal Recital by Miss Irene Roe, KILR.A.M., AR.C.L
accompanied by
11 Bt. Li Col. C. H. Kuhne, D.S.O.,
10.B.E.
1.Jesu, Joy of man's desiring (Bach).
TO
O. M. R. W.
11.
R.A.M.C.
Cpl. Colledge, retired com Major Bonavia, retired
DAY BY DAY NEWS IN BRIEF HAIL TO THE CHEF WHO IN TRI-| During January, only 0.41-inch of UMPI
ADVANCEA-Sir Walter rain was recorded at the Botanic Scott.
Gardens.
has been added to the list of
The name of Mr. Tang Che-cheong therised auditors.
:
Mr. W. M. Thomson and Mr. J. II. au B, Lee have been appointed Official
Justices of the Peace.
Captain Douglas Walter Mortlock,
សំពះអ្នកជ
Hagace, a Khan, b Kitchell Millington, c Razack, b, Amery
Leigh, b Kitchell
Saunders, b Khan King, b Asomo *** Gouety, Amery, b Asomo Meadows, not out
Extras
The name of Mra, Gwendolyn Ruth || Akome
Khan
Total
·BOWLING 'ANALYSIS,
of the Straits Volunteers, is to be a Nasli, M.D., D.S., has been added to local temporary captain ia
the, the list of persons qualified to prac- | Kitchell
Amery
Hongkong Volunteer Defence Cerpe.. tico medicine in the Colony.
43
26
2. Recorded Item Violin Solo-
(a) Valso Bluette (Drigo-Auer). (b) Estrellita (Pon-e-Heifetz),
J. Heifetz.
9. O Sleep, why dost thou leave me (Handel).
4. Im Wunderschonen Monat Mal
(Schumann).
5. Morning Hymn (Hensobel).
U. Recorded Violin Solon,
(a) Serenade Espagnole
(Glazanouv-Kreisler).
(b) Jota (Do Falla).
Frit Kroialor.,
7. Rain! (M.-S.) (H. Stanley
(Taylor).
8. L'heure Exquise (Hahn).
9. The Maiden (Parry),
7.50-8.43 p.m. Concert Items.
8 p.m. (Local Time and Weather
Report).
19 Orchestral-Grand Fantasia on "The Mastersingers of Nuremburg
3
13
(Wagner, arr.. Weninger).
Symphony Orchestra conducted by
Clemens, Schmalstich..
121 Choral-Hear my Prayer
(Mendelssohn),
Chair of the Tomnio Church, London,
0. M. n. w. Instrumental-Quartet in D Major
1
18
(Borodin),_||
*Budaport String Quartet. Song Ich rnilo Nicht. (Behrmann).
(Continued on Pago. 5).
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