1936 CANADIAN.
/CHEVROLET/
SOLD OUT
NINTEEN THIRTY-SEVEN CANADIAN ́ CHEVROLETS Arrived 24th February
Dollar T.T. 1: *TL on New
Telegraph"
og Pua, Lid., Sweet, Hongkong.
The
FIRST EDITION
Library, Supreme
Hongkong Telegraph.
"
S.S. 'LOSSIEBANK ·
FOUNDED 1982
No. 16141
四拜禮 號五廿月二英港香
THURSDAY,
FEBRUARY 25, 1937.日五十月正
SINGLE COPY 10 CENTA $36.00 PER ANNUM
SMART GLOVES FOR
DAINTY HANDS
Parchment "Vellum"
with long gauntlets $11.25 pair
Stitched
"Chamois"
$9.25 pair
WHITEAWAY, LAIDLAW & CO., LTD.
Many Millions FIVE INJURED IN SIX POWERS Available For SHELL BURST ON
Treasury Needs
NO NEED OF INFLATION
TO PAY FOR ARMS
London, Feb. 24.
a
Referring to the Government's rearmament programme, Mr. J. M. Keynes, presiding at the annual meeting of the National Mutual Life Assurance Company to-night, said he felt no doubt that the sums which the Chancellor of the Exchequer proposed to borrow over five year period were well within the country's capacity. He pointed out that the huge repayments which the building societies were collecting, coupled with the steady growth of post office and trustee savings bank deposits, and the large sums which industry would be able to place in reserves from profits, should alone amount to £400,000,000, not in five years but in one year.
Mr. Keynes stressed that an estimate of investible funds in a period of such large expenditure as was now contemplated must not be based on what they were in the years of depression. It lay within the Chancellor's power to obtain his money without inflation; but the question remained: What would the Chancellor have to pay for it?
It was easier to borrow on * rising than on a falling market, Mr. Keynes pointed out, and argued that the calls to be made on the t- edged market were reason for en- couraging supporters of that market. This, with their past experience to guide them, is what he would have expected the Treasury to do,
FAMOUS ACTOR
PASSES
In conclusion, Mr. Keynes said the SIR GUY STANDING
Supposition that rates of interest to-
day were exceptionally low was a
popular error. There was not a sin-
DIES SUDDENLY--
gle five year period between 1837 MADE HOME IN
and 1014 when the average yield of long-term gilt-edged bonds was as high as it is to-day. Even allowing for the Treasury's requirements, he saw no justification in years to co:ne for long-term interest rates higher than three per cent.-Renter.
BRITISH TRADE DEFICIT
“ABSOLUTELY
NEGLIGIBLE”.
HOLLYWOOD
Hollywood, Feb. 24. The death has occurred here of Sir Guy Standing, the well-known Britishi stage and screen actor.-Reuter.
carcer
The late Sir Guy Standing, former naval officer and actor, was born in September, 1873, the son of Mr Her- bert Standing. He began his stage in a stock company at New- castle at £1 weeks. When failed, he shipped in a coal steamer plying between Newcastle and London. A 18 he was first mate. But he did nellon
between
Jand jobs
10 1014
he ከር
contract signed "The in
Silver The
star 10
in
BRITISH WARSHIP
Former Hongkong Officer Among Royal Oak Injured
LOYALIST PROJECTILE WAS AIMED AT RAIDING REBEL AIRCRAFT
Special To "Telegraph"
VALENCIA, FEB. 24. '
IT IS OFFICIALLY DISCLOSED TO-DAY THAT FIVE OFFICERS AND MEN OF THE BRITISH BATTLESHIP ROYAL OAK WERE WOUNDED WHEN A PROJECTILE STRUCK THE QUARTER-DECK DURING YESTER- DAY'S REBEL AIR RAIDS.-UNITED PRESS.
ADMIRALTY CONFIRMATION
London, Feb. 24:
The Admiralty to-day confirmed the report that five officers and men were wounded by an anti-aircraft shell from a shore battery which exploded aboard H.M.S. Royal Oak yesterday.
The wounded include Captain T. B. Drew, O.B.E. Commander A. T. G.
Peachy
Lieut.-Commander E. R.
Wilson
P.O. H. W. Hare
Seaman G. A. Hiley,
says:
An Admiralty statement "The injuries were very slight and superficial and none of the wound- ed ure incapaeltated.
The British authorities declare they are not perturbed by the incident. Such accidents are likely to develop as long as British ships remain in Spanish ports.
A Government spokesman said: "It is just the bad fortune of war. Britain will not protest ta Valencia. We might reproach the Loyalists for awkward aiming, but there is no question of malice."--United Press.
Ship Puts To Sca
un
the
London, Feb. 24, Small splinters from un anti-air- craft shell, which bursi quarter deck of HM.S. Royal Oak during the rebel air raid. at Valenci yesterday, resulted in the wounding of three officers and two ratings.
Captain T. B. Drew, Commander the
a film of which was being produced
by Famous Players. When the war
Free State
Ignoring Coronation
Dublin, Feb. 24. The changes in the Coronation Oath were the subject of a ques- tlon in the Dati to-day, to which Mr. Eamon do Valero, Chief Executive, replied that he thought he bad made the Free State's attitude to the Cgronation clear.
TC-
Atr. de Valera said that attitude would be one of detachment and protest while the country mained partitioned and while discrimination
exercised against a religion to which so many of their people belonged.- Reuter Special.
was
COMMONS DELEGATE
WON'T ASK DOMINIONS FOR HELP
IN MAINTENANCE OF MONARCHY MR. BALDWIN DETERMINED
JOIN GREAT
BLOCKADE
But Combatant Ships Free to Pass
Special to "Telegraph"
London, Feb. 24.
It is learned that the experts of the International Non-Intervention Committee have agreed in virtually all the details of the unique naval blockade with which six powers will surround Spain, patrolling ten miles off-shore and barring the passage of steamers flying the colours of any of the 27 signatories of the Neutrality Pact.
JAPANESE WATCHING BRITAIN
CONCERNED WITH REARMAMENT
It is noteworthy that steamers of countries not adhering to the Non- Intervention ugreement, including the United States, which is neutral, and Mexico, which strongly supports the Loyalisis, and also the atcamera of the combatants themselves, are not affected by this blockade. They may legally penetrate the cordon and dis- embark cargoes at Spanish ports where they will.
However, it is anticipated that the Non-Intervention Committee will make every effort to make the blockade as general and effective as possible.
The United Press learn that the plan embraces, first, the British and
LABOUR STAND Portuguese, which will patrol the
MADE CLEAR
Tokyo, Feb, 24.
A spokesman of the Foreign Offee, commenting on the British re- armament plans, said if they affected situation, Japan the Far Eastern would be compelled to take appro- Įpriate action-Router. -
LABOUR OPPOSITION
northern coast from the French frontler westward to Capo Busto: secondly, the Soviet fleet, which will Patrol from Cape Busto, to Sisargas Island, near
third, the Corruna French feet, which will guard the remainder of the western coastline,
The fourth section of the blockade will also be undertaken by the Bri- tish Navy, along the southern coast; the fifth is Germany's sector, and the the cost. Italians will blockade
French ships will patrol Spanish -London, Feb. 24.
Morocco "and the Balearics; Italings The Government of the United}
will watch Minorca, and the Britluh Kingdom has no intention of
will have an eye on the Canary Islands, London, Feb. 24. questioning the Dominion upon
In addition, Portugal has agreed to The Labour Opposition will to- their willingness to contribute to the upkeep of the Crown.
morrow move an umetldrent in the permit 130 British observers to watch Ilouse of Commons to the Defence the Portuguese-Spanish frontier and Captain Arthur Evans, Conserva- Loan Bill, expressing misgiving at also Portuguese ports for illicit cargo tive, at question-time in the House
for Spain.-United Press. of Commons to-day, asked the Prime Minister if he did not consider that in armament without any constructive view of the new form of the Corona- foreign policy.
the huge competitive national
tion Oath to conform with the Statute The amendment will also oppose of Westminster, the Government the Anancing of defence expenditure should consult the Governments of by loans,Reuter, Canada, Australia, New Zealand arid
"
BALLOON BARRAGE
whether South Africa to ascertain they would not welcome the oppor-
London, Feb. 24. tunity of contributing to the Civil
Balloon barage units for the de- List.
Civil List will shortly be Tho
fence of London against or attack considered by the House.
The balloon The Prime Minister, Mr. Stanley units will be formed on an auxiliary
are being organised. Baldwin, replied:
"No, sir. I should not regard it as Air Force basis, with a nucleus per-F appropriate for the Government to. approach the Dominions in the man- It was stated in the Commons at The House of Commons will bener suggested."
question-time that 300 men were Capt. Evans, thanking the Prime now under training for the nucleus. Minister for his reply, asked if he did Recruitment of the auxiliary force not feel that the Dominions would would be announced later. British welcome an opportunity of contribut-Wireless. Ing substantially to the maintainance
London, Feb. 24.
broke out, however, he gave up Peachey, Licut.-Commander Wilson.represented at the Coronation, ac- purt and went back to England... Hare and Seaman Hiley were cording to the King's desire, by the Zukor having given him an under-
nder- the victims. No-one was incapaci Speaker, Captain Fitzroy. Thus the House will not go to the Abbey in taking that, when the war was over
procession in Its corporate capacity.
British Wireless.
and
London, Feb. 24.
finish the film. Standing became the National Speaking at
commander in the Rayul Navy and Liberal Club to-day, Mr. Walter received a knighthood (K.B.b.) in Runciman, President of the 1019 for his services as a member of Board of Trade, drew attention the British war mission to the United
to Great Britain's apparently over-high import total, but insisted there was not slightest need for apprehensive
ness.
the
iated.
to
"In a few months", he was to return The shell which caused the injuries was fired by a Government battery In repelling an insurgent air attack. The Royal Oak later put out The incident occurred yesterday morning but was only revealed by the Admiralty this afternoon.
Sintes in 1918,
PARAMOUNT STAR
After the armistice he bought up motor transport which the Americans had left in the Rhineland and deve- loped prosperous business for the
Last night," he said, "we made next nine years. Then he went to up our totals to balance payments. America on Holiday
and
Gilbert
It was found that until we brought Miller got him to appear in "The
in our invisible exports we appear-Constant Wife" with Ethel Barrymore
.cd
to be £340,000,000 astern. Our In New York.
Playing in a
sca.
It is authoritatively learned that it is unlikely that Britain will lodge a protest as the incident is regarded as an accident-Reuter,
Served In Hongkong •
In November, 1931, Captain Drew was in command of H.M.S. Cumber- land, and In 1932 was made Flag
10 Station.
SIT-DOWN STRIKE EPIDEMIC
400 MINERS QUIT
imports appeared to be much too company with "Cynara", he went 18. Captain in H.M.S. Kent, on the China WORK IN HUNGARY
large. We do not need to be ap- Los Angeles and prehensive about that.
Kaufman
there mot Al
Captain Drew had served in a pre-
he had vious China flagship, the Hawkins,
whom with "We have been able to pay very negotiated in 1914. The result was
before his promotion to commander nearly the whole lot. By the time that he took up fim acting again.
In 1922. He was given his OB.E. for we have added invisible exports our He appeared in "Ted Story of Temple services during the Great War as a defcit (in trade) là £18,000,000 in-
played very capably lieutenant in H.M.S. Gloucester and stead of £340,000,000. It is absolute many small parts. Eventually in HLM.S. Revenge. ly negligible," he asserted-Reuter. Germany Prohibits Private Barter
TROOPS KEEP CLOSE WATCH.
London, Feb. 24.
"The Lives of a Bengal Lancer" he It may be recalled that I.M.S. A message from Pec, in Hungary
got his charice, making a great suc
cess in the part of the colonel. This decided Paramount to give him star parts. His three, brothers are all actors. Berlin, Feb. 24.
Private barter transactions with “Egypt, Sudan, India, Ceylon, Burma, Slam, Straits Settlements, China, and tite Philippines are henceforth for- bidden, by order of the Foreign Cur- rency Controller, because private
R.A.F. CHANGES
Lendon, Feb, 24.
Marshal Sir Edward Wellington has
wage
Gloucester fought the first navel ac-states that 400 miners are engaged in tion of the Great War, pursuing the a sit-down strike at the Thomen plis." German cruisers Goeben and Breslau, They are standing out for a on August 6, 1914, and engaging Increase. The strikers have stopped them at 1 pm, in the afternoon of the pumps, and there is thus grave that day. Capt. Drew was in that danger of the miners being drowned,
The raine le in comblete darkness, as the men's lumps have given out. The telephone wires to the surface have also been cut.
The Miners' Union refuses to have The famous bridge across the anything to do with the strikers, and
action."
MENAY BRIDGE
--London, Feb.-24.-
of the monarchy. He inquired whe- ther any formal or informn? conversa- tlons had been held in this connec- tion.
sonnel.
CANADIAN DEFENCE
Ottawa, Feb. 24. The Canadian House of Commons The Prime Minister replied that, approved the defence estimates after
six days' debate. with respect to the first part of the question, it wus entirely a matter for The Premier assured the House the Dominions. As for the second that the programme would not be Canada-Reuter part of the query, he would require operative outside notice before replying-Reuter.
Bulletin Service,
FREE TRADE WILL HELP KEEP WORLD'S PEACE
(Special to "Telegraph”)
Government May Make Own Steel
COMPANIES WILL NOT SUPPLY IT
Washington, Feb. 24.
A hint that the United States might begin the manufacture of steel on the Government's account, and dispense with the services of private industry, if the present shortage
in naval building yards continues, was given by the Secretary for Commerce, Mr. Daniel C. Roper, to-day.
Asked at a press conference whe- ther there were any prospects of a reduction in tariffs on steel, Mr. toper replied: "I should be more likely
to look for Government pro- duction of steel,"
Mr. Roper admitted that an import- ant question, which would have to be worked out, was whether the Govern- ment could use patented processes, for the manufacture of steel, since these patents belong to privata industry.- Reuter,
Close Watch On Frontier
BRITISH TROOPS MOVED UP
London, Feb. 24. During an address to the National Liberal Club here to-day, Mr. Walter Runciman, President of the Board of Trade, praised the American Secretary of State's policy for promoting world ponce through the free exchange of commodities.
Referring to his recent visit to tree exchange of comanodities and Washington when he had lengthy services." conversations with Mr. Cordell Hull, Mr. Runciman contended that Bri-
New Delhi, . Feb. 24. · the Secretary of State, Mr. Runciman tain had already moved in that
British troops have been pre- paid a compliment to "that most direction. "We wish
to emphasise courageous President," Mr. F. D. that by our own action and policies cautionarily moved up the Khisora Roosevelt.
we have opened the door to those Valley, on the North-West fronter, commodities and services which Mr. Owing to some unrest among fron- Discussing the world trade outlook, Hull said could be of infinite benet tier tribesmen over an old aliega-
barter does not yield a surplus in been appointed Inspector-General of | Menai Straits, opened in 1826, is to the owners 'insist that: they must he said: "The time is rapidly coming to the human race if they were ex- |tion that a córiain “Hindu, girl had foreign currencies, which the Reichs- the Royal Air Force. He will: babe reconstructed at a cost of £220,- come to the surface before discussing when we shall be able to say to the changed freely. How beneficial it been kidnapped and compulsorily.
bank requires,
Complete cessation of private bar
“noar future/Reuter,
ter transactions are expected in the
succeeded as Chief of the Air Star by: Sir Cyril Newall. The appoint munte ore effective from September {1-Reuter,
000 to at it for modern traffic rè- quirements between Anglesey and the mainland of North Wales, British Wireless,
the situation.
The whole district is strongly doctrine of peace through free trade our discal polley and that of the
United States: 'We believe your would be for the world as a whole it coverted to Mohammedanism.
The Mullahs"are""albo ̈ ̈preaching guarded by steel-ficimcted troops, is a sound one. We agree that the United States ran on parallel lineal that am I endangered."-Reuter
Bulletin Service. Reuter Special,
best thing the world can. have is a United Press,