GIVING AWAY
$10000
During this Exhibition, we are instructed to present possibly, you, with $100 in our merchandise, of your choosing, CALL EARLY and let us explain.
Picture Exhibition
WATER COLOUrs by foremosT
ARTISTS OF JAPAN.
10 DAYS ONLY
STARTING NOVEMBER 1st.
from 9 a.m. to 6 p.m.
KOMOR & KOMOR
-A Elcië Hotional pieture with"
LYLE TALBOT MARY ASTOR
ROSCOE KRENE + PRANKS QAKEO
'ou Can Bet Your Neck They'll Thrill You ...THEY BET THEIRS! Every scene filmed
at
the fisk of a star's life in this
three-mile-a-min- ute romance of the speedways!
RED HOT TIRES
QUEEN'S
NEXT CHANCE
For the entire family
$2.50
70 cls.
3222-00
$6.90
43.535
4625-87
$7.90
$3.90
$3.90
2842-26
5405-08
1937-38
Rata
The MING YUEN STUDIO has removed to the 3rd Floor of No. 6 Queen's Road Central.
JUST OPPOSITE the Dairy Farm's Soda Fountain.
THE HONGKONG TELEGRAPH. MONDAY,
CHAOS IN EXCHANGE CIRCLES
(Continued from Page 1.)
were 30.00, Sterling 1/2-6/8, and Gold Barn $1,148.60.-United Press,
MONEY-CHANGERS CAUTIOUS
Armed with several ten dollar notes, a representative of the Hongkong Telegraph this morning mado the round of the local money-changing establishments in an endeavour to obtain silver coins.
FOREIGN, BANKS TO FIGHT?
"(Continued "from Page 1.)
measures
NOVEMBER 4, 1935.
formal comment, members of the Government Indicated that they regarded China's new currency na timely, designed simultaneously to strengthen the Central Government and stabilise currency against fluctua- tions which have tormented banks and commercial men for many months.
is briefly
Lo
The programme At only απο place Was he described expertly, as an enlarge- auccessful. One money changerment of a managed currency, the consented to give $9.85 for a ten asis on which China has operated dollar note.
for some time past.
Another consented to change a five-dollar note, but gave only ton-cont-coins--Others stated that they had no silver.
Numerous experts rezard the step as a resourceful measure of a kind which it has long been recognised China needs, in face of This is the culmination of a re-
international failure of the markable week-end.
monetary powers to concur in Early on Saturday morning.methods to remedy China's mones when the dollar atted at 18. 9tary troubles. Oficial
PARITY RATE
sources
a rish set in, and practically said the United States Treasury | every money-changer in Lown was
was not involved in the step and denuded of silver $1 coins.
as far as is known other Govern- ments are not involved, although anoficial experts believe British economist, Sir Frederick Leith-Ross, was probably consulted before this latest,step was taken
Because of the heavy drop in |Hongkong's exchange during the st week, without a correspond- ing drop in the price of silver. Hongkong $1 coins now havo ay Nanking. silver content greatly in excess of the exchange value,
the
"The nationalisation order is re- frarded as a gigantic measure, the full success of which is dependent upon the methods the Government employs in execution. Absence of details causes experts to reserve judgment.
STRENGTHENING NANKING
On its silver content the Hong kong dollar is actually worth 25. Old, when sold as silver.
Sold for what it is silver dollar-it was worth only is. 8%d
this morning's exchange when rate were posted, with the Irusi- ness rate na low as 1a. 6d.
From reliable
is sources it learned that aliver bullion and coins to the value of $16.000.000 was shipped from Hongkong by foreign banks on Saturday, this large consignment going by the P. & O. liner Chitral. Interviewed this morning, officials of leading
It is felt that the recent success banks, whilst confirming the fact that the shipment had been made, of the Central Government In dis- refused to divulge the quantitytributing notes in the Interior of shipped from each bank, or the China has encouraged this new ratio of allver bullion and coins stop.
bipped from the Colony.
ANGLO-CHINESE AGREEMENT?
-
It is widely felt, however, that unification of the note issue will greatly strengthen the Central Government. It is helleved that public faith In the note issue will be strengthened as a result of the combining of the resources of the banks,
The consolidation of power to buy or sell exchange is regarded as conducive to stabilisation of the runn which the Government and a widespread section of the business world desired.
.
Experts suggest that the chief (Continued from page 1.) problem in the programme will be
the maintenance of a high silver: present not informed of the de-coverage for the note issue, but tails of the reported Leith-Rossas coverage to date has been agreement.--United PresH.
higher than many nations' It is) MOVE TOWARDS. SOLIDITY believed the Government can con- The Times says the scheme will tinue to maintain it by a judicious be universally welcomed and if exercise of authority-United faithfully carried out will provide | Press.
a basis for putting China's finance
in a permanently sound condi- tion.
The Neus Chronicle anls whether China is strong enough to carry through this monetary policy which many believe to be beyond the powers of western countries. The Daily Mail declares the Chin- esex Government's announcement will be widely welcomed in the City. The scheme is drawn up along the most constructive dern lines and will undoubtedly the requirements of the meel Chinese financial position. It may well prove of inestimable value to the Chinese people, and help to bring them fresh pro- sperity, by facilitating trade.
No-
J'C-
RADIO BROADCAST
(Continued from Page 7)
8.45.
Weekly Newsletter and Rports Summary.
9.5 K.M. Close down,
-Transmission-6
(G.B.D.. O.R.C. na U.S.L.)
11 a.m. ly Hen. Muske of the English Countryside, Winifred Davis (86- ptona) And Leonard inants (Pianoforte).
Greenwich Time Blanal at 3.30.m. 11.45 a.m. Weekly Newsletter and Sports
Summary.
12.5 p.m. Clone down.
Transmission 2
40.8.3. 08.11. and 0.8.0.)
7 p.m.
Irgal
Bts Ben, Reginald Porter-Hrawn,
at the Organ of the Cinem. Torquer.
7.15 p.m. Haydn Heard and his stand. 7.15 p.m. "The Empirate."
Greenwich Time Signal at 13.0 Naon 8.30 p.m. The 1.1.C. Midland Orchestra. D p.m. The New
.9.20 p.m. Musical Interl:tde.
9.30 p.m. An Organ Recital by. Sir Walter
Alcock.
7.43 .. Close down.
Transmission 3
TEST OF STRENGTH The Financial News says timt will-informed quarters in London take the announcement with yard to the stabilisation of the Chinese dollar to mean that the authorities will endeavour to keep the currency steady in relation (G.S.G. 18-11.40 p.m.; G.S.E. 10 p.m.-1 am with sterling. It remains to be ... 12-1 n.m.)
een-whether-the-Chinese Governance. ment will be able to compel the 10/45 p.m. "The New Hebriden." surrender of privately owned- silver stocks.
Its ability to collect #1 large amount of silver will determine whether the Government is able to maintain exchange at its pro- sent level.
It is felt there is 14 fair chance for the reform to succeed.
This paper mentions in passing, that the American silver policy may be modified-Reuter.
SANITARY BOARD
ADDITION PROPOSED TO
MARKET BYE-LAWS
Arthur Salisbury and
hisOrchestra.
The
0.C.
Northern Ireland 11.30 p.m. "Looking Barkwards."* 12.10 am. The Hungaria Gler Band. Greenwich Time Signal at 4.35 p.m. 12.10. The News, $2.50 .m. Gipay Munic.
Cinee down.
Transmission 4 (4.8.B. and G.S.D.)
PART I
1.m.
135 a.m. Big Ben Orchestra.
a.m. The News
2.15 a.m. Ight Music.
The
B.B.C. Dance
2.30 .m. The I.B.C. Northern Orchesis. Greenwich Time Signal at T p.m.
5.15 am. The Radio Follies.
a.tn. "Turn-Itound."
4,40 a.m. Close down,
PART II
4.55 a.m. Debroy Bomer and his Band 5.30 w.me "High #pale"-No. 2. 1.5. The New
Greenwich Time Algrad i 10 p.m. 6am The B.B.C. Orchestra (Section B). $.15.a.m. Close down.
VGA
At to-morrow's incoting of the Pleading guilty to charges of stent. Sanitary Board, the President, pur- ing nine bronze window fasteners, suant to notice, will move:
from No. 25 King's Park Mansion, "That the following addition be Kimberley Road, on November 1, and window fasteners and n made to the Market Bye-laws.-28.
cight No flesh of any animal slaughtered in quantity of other house fittings from October 27, the Government sinughter-house at Jubilee Apartments, an Sai Wan Ho shall be exposed for salo Mon Yung, 27, unemployed, was in any market in the Colony other sentenced to a total of four months
by Mr. than the markets at Quarry Bay, Sal hard labour
1. Wynne- E. L Wan He and Shaukiwan and no flesh Jones at the Kowloon Magistracy this in the inorning... Detective-Sergeant D. slaughtered any animal Government Sinughter-house at Aber- Davies stated that defendant deen shall be exposed for sale in any arrested in Kimberley Road market in the Colony other than the November 1 by two Chinese detectives, market at Aberdeen. This byo-law He had in his possession a parcel shall come into operation on the 1st which was found to contain the
tho fasteners mentioned in January, 1930.
Other business will include:-A charge, letter from the Hon. Mr. M. K. Lo regarding that no further motion is necessary to include within his motion cleanse sharks' Ans st. No. 16 Sung dated 22nd October, 1935 the other fling Lane, second floor; Application areas affected; Application for an for an offensivo trado licence onting houso licenco at No. 103, Chun cleanse shacks' Ans at No. 18, Centre: Young Street, ground floor; Applien Street, third floor; and Regular re tion for an offensive trade licence to: turns..
он
first
to
SHARE PRICES
The following is the list of local share quotations issued this morning.
Banks.
II. K. Banks, $1,250 b. H. K. Banks, (Lon. Reg.).
£107 n.
Chartered Bank, £14 n. Mercantile Bank, A. and B.
£28 n. Mercantile Bank C., £1246 n. East Asia Bank, $63 n.
Insurances.
Cantonin., $225 b. Union In., $475 b.
China Underwriters, $1.10 8. China Fire, $100 n. HK. Fire In., $220 b. Internat! Asace,,' 8h, $4. n.
Shipping.
Douglas, 536 n.
H.K. Steamboats, $4 n. Indo-Chinas, (Pref.), $30 n. Indo-Chinas (Def.), $11 n. Shell (Bearer), 80/7 n. Union Waterboats, 311 n.
Mining.
Antamoks, 80 ets, b. Balatoes, $16 b. Baguio Gold, 22 ets. n. Benguet Consolidated, $11 b Benguet Exp., 13 cts. n. Big Wedge, 8 cts. n. Gold Creek, 80 cts. n. Gold River, 5%, cts. n. Ipo Mining, 90. cts. n. Itogons, 36 cta. n. Salacot, 15 cts. n. Kailan, 11/- n.. Langkats (Single), $13_n. S'hai Explorations, Sh. $41⁄2 n. S'hai Loans, Sh. $5% n. Raubs, 38 b.
Venz: Goldfield $2.30 n.
Docks etc.
H.K. Wharven (old), $78 b. H.K. Wharves (new), $73% n. H.K., & W. Docks $9 n. Providenta (old), 85 cts.
Providents (new), 20 atá, xì. Hongkowa (old), Sh. $2871⁄2 n. New Engineerligs, Sh. 34 n. Shanghai Docks, Sh. 380 n
Cotton Mills.
Ewo Cottona' Sh. $6.90 n. B'hal Cottons (old), Sh. #66.n. S'hai Cottons (now), Sh. $40 n. Zoong Sings, 581⁄2 n. Wing On Textiles, Sh. $25 n.
Lands, Hotels, etc.
II. and S. Hotels, $4 b.. H.K. Lands, $20
b.
H.K. Lands, 4% Deben.
$100 n.
S'hai Lands, Sh. $18.00 n. Metropolitan Lands, Sh. $10 n. Humphries. $8 b
H.K, Realties $4% b. Chinese Estates, $80 n. China Roaltica. SH, $4 n. China Debentures Sh. $35 n.
Public Utilities.
H.K. Tramways, $121⁄4 b. Poak Trams, (old); $5% n. Peak Trams, (new), $4%1⁄2 n.. Star Ferries, $84 b. Yaumati Ferriss, (old) $17 n. China Lights, $9% b. 1.K. Electric, $581⁄4 b. Macao Electric, $20 n. Sandakan Lights, $3 s. Telephone (old), $20 b. Telephone (new), $6.50 b. China Buses. Sh. $11 n. Singapore Tractions, 13/- n. Singapore Pref. 25/- n.
Industrials
Malabon Sugars, $8.60 n. Cald: Macg. (old), Sh. $19% n Cald: Macg. (Prof.), Sh. $13 n. Canton Ices, $1.60 n. Cement, $4 b. H.K. Ropes, $2.30 sa.
Stores, &c. Dairy Farm, $1434 b. Watson, $3.80 b.
Lane Crawforda, $2.75 n. Mackintoshs, $5 n. Sinceres, $1.60 . Wm. Powells, 70 cts. n. Wing On (H.K.), $40 n.
Miscellaneous.
HK. Entertainments, $4 n. S. C. Enterprise $1.35 ..
A Case For She-Ko.
She-ko, the soothing, cooling and rapidly healing ointment, is an ideal first-aid remedy for injuries to the
akin.
Cuts, scratches, abrasions, burns, scolds, blisters, bruises, insect bites, quickly heat when She-ko is applied.
Equally good for skin complainta, eczema, ch, ringworni, head soros, ulcers, pimplenlles
dry and wet sores, and external
Keep a tin in the home. Sold by all medicine vendors, or from the Dr. Williams Medicine Company; 451. Kinngee Rand, Shanghai, 70 conts per package, post-free.
DRIZZLE OR RAIN
A strong anticyclone has formed over N.E. China and Manchurla.! It is spreading south and south- coatward. The depression. 19 moving eastward over the southern part of the Sea of Japan. Local forecast:-Light variable winds;| freshening Inter from N.E.; cloudy, some drizzle or light rain later.
Macao "Greyhounds," $2 a. Constructions (old), $1.10 n. Constructions (now), 25 cts.. a. Vibro Piling, $4 n.
Ch. Govt, 5% 1925 G. $ Bonds
91% n.
H. K. Govt. 4% Lean 5% prem. b. H.K. Govt. 3% Loan, par, b. Wallace Harpora $4 n.
SALE
OUR SPECIAL PRE-WINTER EVENT
FUR
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ETC.
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OUR STOCK OF MEN'S SHOES
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