CLASSIFIED ADVERTISEMENTS
25 WORDS $1.50 for 3 DAYS PREPAID 50 cents for Every Additional Day Alternate Insortions 20% Extre
If Not Prepaid a Booking Fee of 50 cents is Charged.
TO LET
TO LET No. 3, King's Park Build-1
CHURCH NOTICES
Ings, Austin Road, Kowloon, four- METHODIST CHURCH roomed FLAT, Hot and Cold Water. Garage Optional. Apply Union Trad-
ing Co, York Buliding, Telephone Rev. A. H. Bray to Preach
27738.
HOTELS
AIRLIE HOTEL 23-25, Nathan Road,. Kowloon. Two minutes from Ferry, modern conveniences, excellent food, rooms from $40, with full board from 190 per month. Phons 57357,
Mr. & Mrs. Y. Mori MASSAGE
Dore Betting
Acupuncture, Moxnesis and Itolder of Japanese and Hongkong Covert ment Licences. Cures Sprained Ankles and Write Lecommended for many years by Local Hospts and Doctor.
4. Wyndham Street, (1st Boor). Tel 26051.
ALHAMBRA
NEXT CHANCE! EDWARD EVERETT HORTON RIGHT OUT OF "TOP HAT" INTO A CHUCKLING NEW COMEDY HIT!
CARL LAEMALE "PRESENTS, The screamingly junny!" EDWARD.
EVERETT HORTON
HIS NIGHT OUT
A Universal Lough Riof with
IRENE HERVEY JACK LA RUE ROBERT MCWADE - LOLA LANE BIL BURRUD JACK MULHALL
Does Your Car
Carry The Badge
To-morrow
QUINQUAGESIMA SUNDAY
THE -HONGKONG
NEW ADVERTISEMENTS.
BANK HOLIDAYS.
TELEGRAPH. SATURDAY,
THE HONGKONG
ELECTRIC CO.,
LTD.
FEBRUARY
22, 1936..
CHINA CURRENCY
Forty-soventh Ordinary Yearly the most incalculabla of the risks
Notice is hereby given that the
(Continued from Pape 1.} Meeting will be held at the Com-banker has to estimate, pany's Offices, P. &, O. Building, on Wednesday, 11th March, 1930,
POLITICAL FACTORS
the
Influence
of
Merover Government
PROBLEMS
pro-
I do not propose to weary you with Rantial equalisation fund, together/problem. also a most pressing
д соп-
The Exchange Banks will open
a knowledge
the problems raised by a at 9.30 am. and will close at 12
managed Chinese Government must do given currency require great technical credit for the work done in the last Noon for the transaction of
and experience, full detalla about the establishment of forms of economic reconstruction. and few years in connection with certain Exchange business on Monday, Tuesday and Wednesday, the 24th, at 11 am. for the purpose of no new thing, but it is true that year
the promised independent Central Re-Wide areas have been put under serve Bank 25th and 26th February, 1936. presenting the Report of the after year it ecoms to become more the budget is to be balanced, but so gress in road building and publie
Are anxiously awaited. In our case the political factor is
better administration and internal re- (RACE MEETING),
expenditure forms are progressing in spite of local will have to be mercilessly pruned Directors together with a State-and more dominant in the Far East.
犍 dimeultics and instability. The Hongkong, 20th February, 1930. ment of Accounts to 31st Decem- The past year has been particularly direction has been the somewhat health has been striking, but it is
the only known action in this. ber, 1935, and electing Directors under .HONGKONG & SHANGHAI and Auditors.
almost more desirable that the Civil changes and nusiness in the forth-There is also the problem of the note
political arbitrary alteration of the domestic Service Administration and the Judi-
joan BANKING CORPORATION.
The Register of Members of the bo under the same influence.
coming year looks just as likely to issue and the maintenance of a sub- Ayatem recently announced.
clar should bo the subject of reform. Company will be closed from 29th Notice is hereby given that the February, to 11th March, 1935, long dissertation on world cond with the uncertainty surrounding already been taken to effect improve-
But here certain steps have: Shareholders in this Corporation period no Transfer of Shares can most promising factor in the world upon which the long-term success of and in the production of raw Ordinary Yearly Meeting of the both days inclusive, during which tons. I will merely say that the rise America's future silver policy. These onts especially in the case of the In commodity prices in 1035 was the
some important considerations cultivation of cotton, rice and whent will be held at the Head Office of be registered. tho Corporation, No. 1, Queen's
silk, coonomia situation, arts that while the new currency scheme is dependent, And notice is hereby also given the improvement continues slowly in end at any time to a recrudescence of unfortunately checked some of the disastrous floods which swept The Road Central, Hongkong, on
that an
Extraordinary General most countries there is still
and a false step in any of them may over the country during the summer Saturday, the 22nd February, 1936, Meeting of the Company will besiderable lack of equilibrium which preuiation and to a serious flight progress. at 11.30 am. for the purpose of held at the same place immediate-nationalism
cannot bo righted while oconomic from the dollar.
It is a rare occurrence for China's The following are the forthcoming receiving the Report of the Boardly after the tormination of the rencies remain the order of the day, thought entirely pessimistic services, etc., at Methodist Church, of Directors
unstabilis! eur- But I do not want to be two great rivers, the Yangte and Wanchai:
together with above mentioned Ordinary General The unsatisfactory state of interne good feature
and Yellow River, both to overflow in the Statement of Accounts for the Meeting for the purpose of con- war is unfortunately, only for her reliable authorities the state of the foods on the same magnitude as in Morning Order 10.16 .m. by the rear ending 31st December, 1935.
tional affairs due to the Abyssinian ituation
present zamo year. The precautions taken Rev, E. C. H. Tribbeck,
aldering and, if thought it, to have
according to at Haukow prevented a recurrence of Hymn No. 007 "Tallis Ordinal";
The Register of Shares of the passing the following resolutions, on trade sooner or later.
unfavourable repercussions
international balance of payments is 1931, but in parts of Shantung and 167 St. Catherine": 203 "St. George's Corporation will be closed from namely:-
much improved. This should help the North Kiangsu the overflow has sel- Windsor': 609 "St. Leonard's"; Monday, the 10th February, to
I will turn without further delay to Government to pull through in spito dom been paralleled, and few realise "Maryton."
subject which has I feel sure
of its
difficulties. It
It is of course im- how bad conditions 13.28.
Saturday, the 22nd February, 1936, capitalize the sum of $1,800,000, has in oura, during the past year. Lessons: Gen. 17. 1-9; St. Mark 2.
reorganization of tho (both days Inclusive) during
iden of the position 28 being part of the undivided pro-mean of course the monetary prob- smuggled outwards and commodities modern lines is a
treasure
ure Conservancy system of the country on matter of great lems of China and Hongkong.
amuggled inwards have reached com-gency. Unfortunately there has in the credit of the Reserve Fund Hongkong are only too well known mil
The Aiderable proportions, but the excess the past been much overlapping in the of and accordingly that a bonus of
$1,500,000 be declared and that)
million dollars, about one-third of problem."
in 1991, and it seems opened the year with exclinnge what it was much bonus be applied on behalf at 1/8.1/2d. which advanced steadily possible that the balance of accounts of the persons who on the 29th through the spring, the peak of
is adjusted. day of February, 1936,
2/0.7/8 being reached towards the end registered holders of the 450,000 and exchange declined and there be of April. From then onwards silver 2. The Society Classes on Tuesday» MEN: OVERWORKED payment in full for 150,000 shares of funds which had accumulated here silver standard.
issued shares of the Company in gan a remittance of the large amount
A
the
and
IN that
of the
(1) That it is desirable, to theen uppermost in your minds, as it possible to get more than a general atens. The re still are in those
Evening order 7 p.m. by the Rew, which period no transfer of shares Ats of the Company standing to neuitics which we have had to facer imports has now dropped to 343 many departments dealing with this
A. H. Bray 4, ap., in the Assembly can be registered. Ilall, Sailors & Seidlers' Home,
Hymn No. 100 "Wareham";
By Order of the Board 102 Stracathro";
302 "Manizer" 727 Directors, “Agape."
V. M. GRAYBURN,
Chief Manager. Hongkong, 3rd February, 1936.
Leasons: Gen. 19, 12-28; 1 John 1. Notices for the Week
1. The Badminton Club meets
Mondays and Thursdays at 7.30 p.m.
Feb. 25, at 8.45 p.m.
מס
3. A Jumble Safe, arranged by the LCA. Society will be held on March,
27 at 2.30 p.m. at the Assembly Hall, Sailors & Soldiers' Home,
4. L.C.A. Society Mahjong Party. April 6, at 3 p.m. Tickets $1 (Includ ing tea).
UNION CHURCH
Annual Meeting
LIST OF SERVICES
GLANDS
POLISEX
are
tho
n
to
cover.
All I can
eur-
# ས
suf-
dividend as from the 1st day of for 1 to 1/4.3/8d. From that date overnment were doing their best to increased slightly. The Customs Gold
TRADE OUTLOOK My references above to the rency difficulties, the financial string. V. S. SILVER POLICY
ency, the political uncertainty and the China will before long go back to a year will not lead you to
Serator Pittman has suggested that droughts and floods with which China
has been afflicted during the
pant of the Company of $10 each and over the past two or three years; that it will aced a very
say is echt picture of trade. Nevertheless that such 150,000 shares credited of an enormous amount of
these operations necessitated the sale silver polley in the United States be-
different. the Indications aro that, generalising MAY LET YOU DOWN allotted to such persons respec- The movement gathered pace in the chasing of silver by the United States' internal trade conditions have not.
As fully paid be accordingly which had
silver fore this is likely to come about. It broadly and taking the year as a been hold
is true that after the heavy purable fluctuations that have occur
twhole without regard to the consider- IN A CRISIS: tively in the proportion of one of Autumn with the result as you ali Troasury in the first half of the year, really deteriorated as much as might occurred. Nine men out of ten past middle said 450,000 shares then held by and an embargo was declared on the in December in such a way as to keep ly affected the cotton crop along auch shares for every three of the followed the example set by China carried out from September to early naye been expected. The floods sori- know, that the Hongkong Government the mo-called “permissive claung was age are affected with Loss of
OH Vitality, Mental Fag, Restless-that such shares shall rank for November by which date exchange had ounce, and indeed at one time it be- fered in the Yangiszo Valley, but the
suck persons respectively and farther
export of silver after the 9th silver steady around 66% cents an the Yellow River as I have already ness, and Glandular Weakness.
remarked, and
the rice ភ វ៉ត
стар Scatholders' & Subscribers' their rescue
¡Medical Science has
to be paid, that the United Ann come to January, 1936.
about three weeks followed
States period of uncertainty during which avoid causing further difficulties to Unit values of Imports show a drop
tes production of wheat appears to
have with
(2) That if, on such distribu- the figure rose again to over 1n, 6d., China tion as aforesaid, any
but by the beginning of December polley. However,
na a result of their silver of only 6% on 1934, whic would be entitled to a fraction of measures were pusled to con- Inbandonment of the silver standard by rency. The indications are that far-
person t
on the lefinito Improved 7% in terms
exports have the local cur- a share, the Directors shall, in had a period of comparative rest from November they suddenly withdrew Shanghai has bean affected more seri-
trot exchange and then wo have both China
tur- and Hongkong in lieu of insuing fractional cort! extreme fluctuations. We trust that their support from the London silver
rely as A result of the monetary crisis The following are the forthcoming services, etc., at Union Church, Ken-Tired men and women should be allotted to a person or persons in that one of the nightmares of mer-
ficates, cause the whole share to this will be for the good of the Colony market.
than
ports. Thus the other edy Rond;
know about
What the next stop will be no one ger ports excepting Shanghai and POLISEX Morning service 10.30 am. Evening REJUVENATOR that positively such share shall at such time as
foreign trade figures for all the lar- the to be named by the Directors and chandising has been removed.
knows. The statement attributed to service 6 p.m.
the Secretary of the United States The preacher at both services is
Canton show increases. rebuilds wasted tissues and the Directors think fit, be sold
Treasury himself that the monetary aiderable struggle to maintain their Rev. K. Mackenzie Dow.
British merchants are having a con- stimulates ductless glands into and the nett proceeds distributed our local dollar, I am afraid, hit the how far we can look ahead in regard impo
The sudden drop in the value of twenty-four hour basis shows just position in face of keen competition
policy of his government The Social Hour after the evening perfect functioning.
is on a service will be held in the Church Hall Thinking wears a man out more such fractions making
amongst the persons entitled to Government rather badly, and it is to this matter. But the question is hav
from Jar
Japan and Germany. British up the feared that their budget estimates The Soldiers and Airmen's Chris- than football or tennis, don't share.
the British Emped some 17%, but domestic tian Association meets at the Church think about your worries, men
han slightly in- decline net in will be considerably
one creased her share and remains the the United States and it is Hall every Tuesday evening at 7.30 know about POLISEX,
out of gear, so we may be grateful that America first raised the price of
particularly unfortunate for China supplier of one-quarter of all imports p.m. Servicemen and others will
that they started the year in an ex-
into China, while she takes an even welcome at this meeting.
silver
of larger share of ali exports. There lo an extent which forced time it is to be hoped they will rem
has been
een a remarkable change in the Agents.
ber
that merchants, shipping and drop before China had been able fully unit values, Imports have dropped
rency
and then allowed the price to the United States. Taking the Gold Hongkong, 19th February, 1936. docking companies and others havo
had a pretty lean time for a consider United States have always been about 30%, largely
to establish the new
system. The THE HONGKONG LAND
ablo period and are not in a position animated with goodwill to the Chinese coll
as a result of to bear additional taxation; to meet
been much decreased shipments of raw INVESTMENT AND
ese cotton, wheat and leaf tobacco, while AGENCY CO., LTD.
undoubtedly ba to curtail expenditure for the present difficulties and assist for wood-ail, seeds, silk and egg-pre- will appreciate their responsibility
50% owing to the improved demand NOTICE IS HEREBY GIVEN
ducts. Germany has also increased that the FORTY-EIGHTH OR
her purchases from China in like pro- portion, but her trade is on a smaller DINARY GENERAL MEETING of
A review of the political situation scale. SHAREHOLDERS in this Company touch with Chinese financial authori- in China during 1936 can be little
tica
The fact that both in ties and, like the other leading foreign more than will be held at the Offices
quantities and roview of the relations in value a number, of China's most bankers, Messrs. Jardine, Matheson & Co., when
co-operated with the
them as and between China and Japan, and it is a important expert commodities have possible. But circunstances troubled and confused picture, Ltd., on TUESDAY, 10th March, were
Increased appreciably 1936, at NOON for the purpose of finally occurred. Right from the be- fighting on the Charhar-Jehol fron- beginning to benefit by the higher shows that formidable
Prevent what
The year openod with desultory same interior districts are probably ginning of
of the year the
as usual.
be
By Order of the
Board of Directors,
GOVERNMENT HIT
which were formed before the heavy for
1100 not purely the
Getting five years younger with- | GIBB, LIVINGSTON & CO., LTD.tremely sound position. At the same China to alter the basis of her cur- Customs figures relating to trade with
A choir practice will be held in the out taking a rest... Impossible Church on Wednesday evening at p.30 you think, defintely possible we p.m. New Members will be made very know, our POLISEX Literaturc welcome at this first practice,
The annual meeting of the acat will tell you how and why. holders and subscribers will be held It is free, upon request without in the Church Hall on Friday evening any obligation March 6, at 9 p.m. The meeting wi
whatsoever. be preceded by Rocial at 7.30 p.m. followed by a supper nt 0 p.m.
FIRST CHURCH OF CHRIST SCIENTIST, HONGKONG
A Branch of the Mother Church,
The First Church of Christ, Scientist, (in Boston, Moas).
Macdonnell Road, below Road Tram Station.
0
Sunday Service 11.15 a.m. Subject: "Mind."
School,
Bowen
Testimonial Meeting: "Wednesdays,
Telephone 32193, call or write
PHARMACEUTICALS (FAR EAST), LTD. 306 Gloucester Building.
The counsel of the Lord standeth for over, the thoughts of his heart Psalms 33: 11).
The Lesson Sermon will also include of Accounts for the year the following passage from the Chris-31st December, 1935. tian Science textbook, "Science and
Can
By Order of tho
Board of Directors
All authorlace! Christian Scienco not Mind, is not Truth, but error, with be registered. Literature is available at the Reading out Intelligence Room.
or reality. There The Public is cordially invited
be but one Mind, because there is attend the Service and visli
to but one God: and if mortals claimed Reading Roon.
the no other Mind and accepted no other,
of
remem-
the situation the proper course should/People and we can only hope that they exports from ChinaTMkave Increased
In
Heneghai. our Manager Mr. China to overcome them.
whom we with us to-day, has been through
we are glad to have struggling vary trying times. through the year he kept in close
were
100
謝
was also the uncertain
and affairs,
CHINA POLITICS
RAILWAY PROGRESS Considerable development continues
מם
to all generations. (Paalms 94: 9. 10. roceiving the Report of the Direc-itaotion was critienl. other, and the year ended with similar commodity prices now obtaining and tors together with the Statement the currency was Incking, and trouble which does not seem to have by the batter demand from abroad. come to a clone. The situation in North It is true that the purchasing power ended terest rates were therefore almost China has not been easy to follow. of the people remains deplorably low prohibitive. There was n continual The Javanese claim that the Chinese but improved conditions in some parts Health with Key to the Scriptares, the Company will be CLOSED 10.54%, The steady rise in silver from cu terms of certain for Coro. Whether areas,
of SHARES dollar.
danger of pante flights from the have failed to carry out the unpublish- love counter-balanced the deteriora- tion in others such as the flood ridden Reading Room is located at above terminator of error in the great, truth TUESDAY, 10th March, 1936, both continued uncertainty as to where the within our province to express an
Mind is
is God. The ex- from MONDAY, 24th February, to to its peak of 36.1/4 in April, and the thin is so or not it is anyway not address and is open:
Monday and Thursday: 5.30 to 7 that God, good, is the only Mind, and Tuesday and Friday: 10 to 12 noon. finito Mind called devil or evils period no. transfer of shares can But the outstanding factors, the case; we can merely express nur to take place in regard to railways
supposititious opposite of in- days inclusive, during which U. S. silver polley was going to lead opinion on the rights and wrongs of
political situation in North Chinagreta at this unfortunate state of and the government in determined to the difficulties into which a number, The friction in the North has been ing new lines in Central China. The push ahead with the plans for build- of Chinese banka got, as well unfort-a continual source of danger; things formation of unately as the crash of the Raven Just drifted on without a settlement Railway Bondholders' Committee la Influential Chinese Groun and certain realty companies until on November 1st a dastardly London and rubsequent exchange of in Shanghal.
attempt was made to assassinate Mrviews regarding the outstanding rail- Wang Ching-wel. Genoral Chiang way debts will we trust lead to Kai-shek then took over the reins of satisfactory settlement, i am glad to say that we ourselves stiff front to proposals that an auto-tion of the Government, no completo.
government and though he showed a
to actual financial posi- As regards the a were not directly affected by these failures, but they helped to aggravate Northern provinces should be formed, ing a date later than June 1934, but nomoits government of the five statement has been published cover- the unsatisfactory state of affairs and matters were made worse by the vary overtheless indicated his desire to the Salt Revenues
are reported come to a working arrangement with have improved in 1935, though it is large-scale smuggling of Japan. Thus when the Government doubtful if the contral authorities the exchange operations of well-placed was reorganised after the Fifth Na have benefited thereby. Tho xpoculators. It was those operations, tional Congress of the Kuomintang in revenues declined $10 millions last following months of tension, which December, he chose us his eventually brought about the sudden Ministers largely men who had been available for the Government, but it Cabinet year, leaving only a small surplus enforcement of the Government decrees educated in Japan and were therefore must in fairness be pointed out the of November 4th which made China in close touch with Japanese feeling. this was largely due to the average that higher rate of exchange which ad-
CHRISTIAN SCIENCE LESSON SERMON
of Membership FIRST CHURCH OF CHRIST,
OF THE
HONGKONG AUTOMOBILE ASSOCIATION
?
IF NOT, YOU SHOULD
COMMUNICATE-WITH THE
HON. SECRETARY
C/O MESSRS.
SCIENTIST, HONGKONG
The Subject of the Lesson Sermon in all churches of Christ, Scientist, to-morrow, February 23, will be "Mind."
sin would be unknown. We can have. but one Mind, if that one is infinite. Intelligence is omniscience, omal- presence, and omnipotence. It is the primal and eternal quality of infinite Mimi, of the triune Principle, Life, Truth, and Love,-named God, (Page) 469).
(A Branch of the Mother Church. The First Church of Christ, Scientist, in Boston, Mass),
Macdonald Road, below Bowen Road
Tram Station.
Sunday Service, 11.15 'a.m. Subject: Mind."
Sunday School, 10 a.m.
O. EAGER,
Secretary. Hongkong, 17th February, 1936.
EXCHANGE
TO-DAY'S OPENING
QUOTATIONS
Beling
T.T.
1709 1/3
T.T. Shanghai TT. Singapore T.T. Japan TT. India
100%
65
110%
85%
824
40
4.82
044
The Golden Text will be: "The fear o pm.
Testimonial Meeting: Wednesdays, Demand of the Lord is the beginning of wisdom: and the knowledge of the address and is open:
Reading Room is located at above holy le understanding. (Proverbs 10: 10).
Monday and Thursday: 5.30 to Among others the following citations p.m.
T.T. Frisco & New York Tuesday and Friday: 10 to 12 noon. T. Java All authorised Christian Science TT. France TT. Manila T.T. Saigon
mm
from the Bibla will be read: "He that planted the car, shall he not hear? Literature is available at the Reading T. Bangkok he that formed the eye, shall he not Itonm, B007 He that chastiseth the heathen, shall not be correct? he that teachoth attend the Service and visit the Read-TT. Lisbon
The Public is cordially invited to man knowledge, shall not he know?
ing Room.
HONGKONG UNIVERSITY
AMATEUR PHOTOGRAPHIC CLUB
Linstead & Davis 7th Annual Exhibition
EXCHANGE BUILDING
February 22-28th
9 a.m.-6 p.m. GLOUCESTER HOTEL
יי
14315
48
0305
Baying
4 m/s. L/C.
1/44
4 m/s. D/P,
1/4
6 m/s. L/C
1/4
88%%
4.00
HEAD
4 m/s, San Frisco & Now
York
4 m/s. France
New York-London
STAFF
COLLEGE
SMUGGLING & SPECULATION.
of a
+
to
another adherent of the managed cur The establishmimt at Council was versely affected the conversion of the
rency
Maze
cy policy which is the fashion of
Hopel-Charhar Political days.
also a compromiso measure. I believe Customs Gold Unit into local dollars. Frederick Leith-Ross, the Chief that General Chiang Kai-shok is do- With the ratos fixed as at present the Sir Economic Advisor to H.M. Governing his utmost to come to a proper dollar income ought to improve this ment was fortunately in Shanghai at understanding with Japan, and I am year if Imports do not fall off, the time. He had been examining the sure that wo all hope that an agree financial situation and it is underment on main principles will soon be toms offices in North China has been
The situation as regards the Cus stood that he was preparing a de reached, tallod
scheme of Anancial reform for
ominous but The relations between Nanking and as usual, shown great boet
but Sir submission to the interested Powers Canton have changed little. Outer with the matter and so prevented any
Frederick whose collaboration was desirable. Mongolia and Sinking remain largely interference with the existing But the dollar exchangé degenerated under the influence of Soviet Russia, ministration. We hone that both so rapidly that the Chinese Govern but Ianor Mongolia is a danger spot sides will take a realistic view of the ment felt compelled to take action bo which may well load some day to position and that the Integrity of the fore detailed plans could
bo completed trouble between Russia and Japan, in-Chincan Maritime Customs will be ab- or international support assured. volving China as well. Sir Frederick Leith-Ross was there fore not responsible for the
It is heartening to be able to report Maze at all costs. Sir Frederick Mazo deserves the confidence and sup- ment, but his presence gave them an few years have generally speaking statements issued by the financial
so much trouble during the past to note that
of Interest opportunity to obtain his advice re been kept on the run, although
"according to official garding their currency changes, which are far from being properly liquidat are setting aside each your a sum
web they
authorities In Manchukuo the intter wo sincerely trust will eventually ed. prove to be of great benefit to China of the campaign in the early part of money equivalent to their quota of and to foreign traders.
Chiang Kai-shek, obtaining control vices, which was formerly bald by the in General the foreign loan and indemnity ser- over Szechuan province, and this Chatoma offices in the Manchurian brought about a considerable better potla
5.00 actually taken by the Chines that the Communist bandita who have (port of all concerned. It is
Londen, Feb. 21. The War Ofco announces that Major General Viscount Gort, V.O.,
OMINOUS FACTOR
given so
resulted
has been appointed Commandant of the There are of course, causes for apment of conditions there. Stall Collego British Wireless.
Camberley-prehension, The political situation is
On the subject of the trade and But elsewhere also there are cheer future prospects of Manahakuo there the an unpredictable and ominous factor; ing signs to be observed, and the (Continued on Page 6.).