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Tuesday
HONGKONG TELEGRAPH
NEW ADVERTISEMENTS PREMIER DEFENDS
CHINA LIGHT & POWER CO., LTD.
MUNICH POLICY
(Continued from Page 1.).. and declared that the Munich agreement had unsettled all Europe.
Notice to Shareholders.
Replying, Mr. Neville Chamberlain NOTICE IS HEREBY GIVEN for 3 days propsid
said that Mr. Dalton's pleture was that an EXTRAORDINARY
of the terrible plight of Czecho- GENERAL MEETING of the above- Slovakia, but he had not said what TUITION GIVEN.
named Company will be held at he would have done if he had been
Mr. Chamberlain's place Head Office, St. Georgo's In "DANCING IN 6 HOURS"--Rapid the Едву Leszonk Beginners "A Building, Victoria, Hong Kong,
Advanced Courses Speciality." Modern Ballroom Tonxo, Tap. Ex. Immediately following the Ordin-
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12-A.
MUSIC LESSONS given by musle academy graduated European teachers, for violin, other string- instruments, planu, plonoaccordion, also music theory and instrumenta- tion, from first January, Box No. 507, Hongkong Telegraph."
FOR SALE.
CHRISTMAS CRIBS. Religious goods, stamp albums, picture books, and many other appropriate gifts for Xmas presents. For sole at Gruca Co., 10 Wyndham Street, Hongkong.
'SANCTIONS'-JAPAN'S PROTEST AT BRITISH AID FOR CHINA
(Continued from Page 1)
the 21st day of December, 1938, at Noon, whon the subjoined Resolution will be proposed as an Ordinary Resolation, viz:-
"That the Authorised Capital of the Company be increaked to Fifteen Million Dollars by the creation of One Million New Shares of the nominal value of $5 each and that such New Shares be lasued at such time or times and on such terms and conditions as the Directors in their absolute discretion shall -nee ft."
By Order of the Board Directors,
NOEL BRAGA,
Munich.
+
The Premier
that the Opposition policy as an alternative to Munich would have involved war simultaneously with Japan, Germany and Kaly, and perhaps with General Franco as well.
GIVE POLICY A CHANCE
The Prime Minister said he thought
it would have been wise, it
Д source
Chinese because of the stabiHsed | currency which had resulted.
Mr. Alexander polnied out that} Americans purchased from the Chin- *se a large part of the silver resérve, While Japan was doing everything to undermine the existing currency.
"It China la to have a docent chance to win through, her cur- rency needs support. The Amert- can decision should be taken as 'a lead to us for further concerted acon and Far Eastern collabora- tion with America, which, # 13 possible, mar lead to developing a tong-standing friendship with America. In the future."--Router.
LIBERAL LEADER'S CRITICISM
:
London, Dec. 10. The Liberal Party leader, Sir Archibald Sinclair, expressed grail- tude for one or two assurances in Mr. Chamberlain's very important speech, but he disagreed, with the Premier that the only alternative to the
Munich agreement was war.
On the contrary, was abandon- Mrment of the League polley which brought us to the verge of war, and the feared that if this policy perslated, it would be very difficult to avold war in the future,
Dalton had no policy of his own, at least to try and give, a chance of success_to the Government's policy. If the Government's polley failed, he Chamberlain) would be the (Mr. first to ogree
that something else should be put in Its place.
It was
of continued antisfaction to know of the efforts to keep all of the dominions fully informed as to the foreign situation. ANGLO-FRENCH RELATIONS of
Referring to Anglo-French lations, Mr. Chamberlain observed that these remained of most cordial character, and he recalled M. George Bonnot's declaration that all↑
forces of
would the
and immediately be spontaneously usty for the defence of Britain in of unprovoked aggression. the event of Such declarations said the Premier, were really more significant than' actual treatles, because it was the intentions, rather than the form of the words, that counted occasion arises.
Secretary.
touch on all aspects of the Far Eastern | CHINA LIGHT AND POWER| situation.
The increasing anxiety in Parlio- ment for the future of British Interests
the Far East is lustrated by the fact that no fewer than 20 questions are being asked to-day, all on China, An impression, however, is widely visible, that Japanese prospects in China are in no way comfortable
Reuter,
REGARDED AS SANCTIONS
Tokyo, Dec. 10.
The contemplated credits from Great Britain and the United States to China, coming on the heels of the recent representations by the three Powers regarding the question of the Yangtse navigation, ure tantamount to indirect demonstrations of possible economie sanctions against Japan, the "Asahi Weekly" declares in an editorial to-day.
The Journal points out that the recent representations against the Yangise navigation provided diplo- matic circles with a tople as to possible materialisation of the pro- posed economic assistance to China by
Powers.
Construing the measures na poli- tical ures acting to the mani- of Japan's determination to festation of build up a new order in East Asia, the Journal declares that the import- ant significance of Japan's diplomacy will be displayed in tiding over the pressure brought to bear upon her by the Powers.
Faced by the momentous situa- tion, the journal understands, how- Japan's diplomatio that overs, policy for East Asia will undergo no change.
It is admitted that the Interna- tional developments in East Asla will hereafter become all the more delicate and significant.
In so far as the current Sino- Japanese confilet is concerned, it seems to be an important diplomatic polley of the British Government to. act in concert with the United States Government, the journal says.
Simultaneous announcement the two Powers of contemplated credits to China may
been nctuated to exert a joint straint on Japan and they may possibly be able to bolster up the economic position of the Chiang Kai-shek administra-
Flon
The journal asserts that the British
assistance and American
to the Chiang regime taking the shape of credits may be regarded as a retaliatory measure against Japan in connection with the question of the Open Door and Equal Opportunity In China's trading markets-Domei, "GAME WITH THE GOLDEN UULLETS"
COMPANY, LIMITED.
NOTICE
THE TWENTIETH ORDINARY -YEARLY MEETING OF SHARE
HOLDERS will be held at the Head Office of the Company, St. Georgo's Building, Chater Road, Victorla, Hong Kong, on WEDNES- DAY, 21st December, 1938, at 12 o'clock (Noon), for the purpose of receiving a Statement of Accounts and the Report of the Directors for the financial year ended 30th September, 1938, and electing Directors and Auditors.
THE TRANSFER BOOKS AND REGISTER OF SHAREHOLDERS will be closed from Friday, 25th November, 1938, to Wednesday, 21st December, 1938, both days inclusive.
By Order of Directors,
the
Board of
NOEL BRAGA,
Secretary, Hongkong, 8th November, 1988,
France
♫
tho
Str
Sir Archibald, Sinclair thought that the country ought to be given more Information about the subjects which | were to be discussed in Rome.
Regarding
Fur East, Archibald found it dificult to re concile the Premler's statement and policy with the League resolution to which Britain was a party.
The Premier had fired the powder re-magazine which had blown Czecho- Slovakia to pieces, and it has not finished exploding yet.
The Munich frantlers, said Sir Archibold, would not last so long as the Versailles frontiers. There seems to be no reason to doubt that Herr Hitler means to move to Memelland In the north, and to the Ukraine in the south-Reuter.
when the
SUFFERINGS OF CHINA Turning to the Far East, Mr. Chamberlain said that the suffer- ings inflicted on the Chinese scale population far exceeded in
tragedy, and the the Spanish opportunities for alleviation were
much less.
GOVERNMENT'S REPLY
London, Dec. 10.
In his winding-up speech on the debole, Sir John Simon answered Mr. Lloyd George, who had suggested that the early failure of the British polley lay not being prepared to join the United States in resisting Japan.
Sir John Simon cited the previous controversy on this issue, including the implication that Britain had not supported Mr. Stimson's desire to invoke the Nine-Power Treaty when Japan seized Manchuria.
own long-catablished interests "Our in China have inevitably suffered serious material loss during this conflict," added Mr. Chamberlain, have been loosed simultaneously in the Far East and Europe you cannot expect this Government, or any other
to Government, secure satisfaction for any claim as it arises under such abnormal conditions.
"In the face of the forces which John Simon,estion," said Sir
"All you can expect is that every- thing which it is possible to be done, thall be done, and that no claim and no interests shall be overlooked.
"I want to assure the House that that is being done, and we are defending our rights, and that we are not pro- pared to deny elther combatants relations which they are normal entitled to expect from friendly Power!"
LOANS TO CHINA Referring to the loans from the United States, Mr. Chamberlain anid: "I understand this loan is a credit,
exports to China.
There Is not the slightest syllable of truth in that
myself brought the proposal concerning this before
the appropriate body at Geneva
It was adopted, and the United States thanked us, and ex-
taken pressed gratification Lengue Assembly.
at
the
In the course of
the debate, Sir Arnold Wilson advocated a substan- al reduction in the Suez Canal dues. For the past three years, he said, dividends had averaged 50 per cent, which was a lot for a public utility Egyptian Government, company. The to whom the Canol reverts years, and who came Into
prominently the picture, girould take
steps to put the Suez Canal on the same basis as the Panama Canal. Although the Panama Canal cost three times
as much to run, the dues for use of the
in 20
Panama Canal are 10 to 15 per cent.,
At designed to facilitate United States lower than the Suez ducs.
Exchange At A Glance
SELLING
T.T. London Demand
T.T. Shanghai T.T. Singapore T.T. Japan TT India AZU.S.A
T.T.
Manila
Batavia
15. 2% .to. 2%
173 Nom.
53 109%
.83
.20
5816
.532
T.T. Bangkok
140%
T.T. Saigon
ཨm
.10.95 .72 12734 .1/014
TT France
T.T. Germany
T.T. Switzerland
TT. Australia
BUYING
4 n/a L/C London
4 m/s D/p
do.
4 m/s L/e U.S.A,
....1/3
1/3.5/32 .20
4 m/s France
.11.60
30 d/s India
10
U.S. Cross rate in Lon.
..8434 .4.07 2.
Berlin, Dec. 19. The "gume with the golden bul- lets," is the "National Zeitung's" heading of a message regarding the British Government's Intention grant China credit loans.
take over the financing of
Chang Kai-shek, and supply him with war material, then the Japanese Generali Staff will find itself presented with a new situation.
"In principle, His Majesty's Gov- ernment would be very glad if it found it possible to facilitate certain United Kingdom exports to China In the same way."
"That is a question, which will be sympathetically considered when the Exports Guarantee Bill has been passed.
"In the meantime, we can only await the outcome of the bostilities
in the Far East, while watching
appen)
He urged that a solemn
to
the Egyptian should be made
Its inter- Government to consider national position as trustees of the highway between Europe and Asia, adding that dues could be reduced by nearly half, and still between six and eight per cent, could be paid on capital.-Reuter.
GOVT. SUPPORTERS SHOW ANXIETY
The reaction of Government back-
closely for any opportunity which benchers to Mr. Cliamberlain's might enable us to assist in bring-speech is generally favourable. At
ing it to an end upon fair and reasonable ferma-Réuter,
VIRULENT ATTACK BY LLOYD CEORCE
should
speedily
the same time anxiety remains that the Government press re-armament.
It has been an open secret for 'some time that a section of the Gov- emment supporters, not identified London, Dec. 19. Mr. David Lloyd George, who with the Churchill group, has not
vreau
satisfied that everything pas- nowadays participates in the debates less than formerly, intervened to- sible was being done for the co- In the House of Commons ordination defence for which Sir
of night attack on Mr. Chamberlain, and de- Thomas Inskip is responsible. clared that the
It is learned that one evening last Premier's com-
S.. Hudson, and the Mr. R. piacency was shared by nobody out week,
Dufferin and Ava made Marqueas side of Parliament,
or He declared that the level of the personal, private representations to gill-edged
the the Prime Minister that all was not securitios showed genuine opinion of the Premier's weil, and that their opinion was friends in the city regarding the shared by a representative body of Munich agreement. Notwithstanding back-benchiera. Mr. Chamberlain's four visits to the Continent, the clouds had darkened, and were more lowering.
All the papers display great in- terest in this report, and dre pub- lishing long extracta ΠΡΟΣΤΙ the speculation on the London Sunday papers.
The "Frankfurter Zeltung" says it will
be very important for the pro- gress of the war whether these loans are only an isolated measure, or re- present, the beginning of more entr= | Ing down the enemy will lose ground, gitewalp for China. In any event, and to them also, that method of Accusing the Premier Tokyo win watch the negotiations
for heavy obstinate and stubborn. Mr. Lloyd Then the with great attention the loan military blows must come again, and George declared that he (Mr. Cham- Kors further," and the Anglo-Saxons a new advance westward to Hunan berlain) had said that nothing he had
There was no at-
tmpt to resign.
I is understood that the "Prime
berlain's visil to Rome. People the purpose intended,
ONLY
5
SHOPPING DAYS
ΤΟ
CHRISTMAS.
Minister'a reception of them was There was anxiety about Mr. Cham-
friendly and that the visit achieved
The thought he was 110 match for the
occurrence led to rumours that demands had been made for the crafty,
ruthless and un-resignation of certain Ministers, but
ng auch demands, were made.
There is, however, a possibility of changes during the! Government Christmas recess. The departure of Sir Thomas Inskip for the Lord
Supporters of the strategy of weas dictators-and he was not.
war.
time
of
and Chungkingt must be started-done during the last 18 months he Chancellorship has been frequently
to be undone. Nobody could wished say that unless he was very comforcenst. Reuter.
Reuter.
CHINA SPENDS PART OF BRITISH CREDIT
London, Dec. 19 It is understood that the bulk, if not the whole of the £500,000 credit for China will be used for the pur- chase of motor lorries, intended ninly for use on the Burma- unnan road, says Reuter's diplomt- tle correspondent.
An order for these forries bug'ul-; rendy been pinced.
Meanwhile the closest attention is being paid in London to the, situation: at Tientsin, where the Japanese are controlling the movement of Chinese: into and out of the foreign conces- sions.
The Japanese action appears to be prompted by the uneasiness of the created in their rear by
placent
GERMAN APPROVAL
Berlin, Dec. 19,
"You cannot schd'a man with an obscasion to Rome to meet Mussolini.
Mr. Chamberlain's speech has met The Premier, seems to have the fea that he can get through by shouting with appreciative approval In Ger- "pax vobiscum."
ntan political circles. They Winding up the day's debate for however, that they cannot under-
say.
the Oppo Mr. A. V. Alexan- Island winy. Germany is 10 often critical speech characterised as the black sheep of
China. Europe.
der
1
with- a special pics for
The position in the Far East, he A spokesman declared that Ger- *** many la ̧willing to co-operate with all said, was worsening weekly.
States willing to work for peace, and The Government had. not oven
fike
the rule to adopt its own Geneva added: "We are not struck by Mr.
Chamberlain's speech. We resolation.
ho They heard llifle about the In-peace as much as docs."
A Rome message says that Mr. dividual application of sanctions Chamberlain's speech has made a againat Japan, or help for China good impression in political circles, Although in China 30,000,000 were Italians note with satisfaction that rendered homeless, and there bad the attempts to discredit and prevent been 1,800,900 casualties in 18 Mr. Chamberlain's visit to Rome were months.
tinniccessful. Mr. · Chamberlain's He referred to the American loan, statement that he does not expect to.
December 20, 1938.
XMAS GIFTS
AT
SENNET
FRERES
RECORD
WATERPROOF
WATCHES
With
STAINLESS
STEEL
BRACELET
$7500
each.
SENNET FRERES
Open up to 6 p.m.
POST
FIRST CLASS MAIL.
OFFICE.
VIA SEHERIA ROUTE The Public are reminded that Letters and Postcards for. Europs sealed letters and packets, irrespec-| (oxcept Great Britain and Eire) and tive of contents, are classified as first South America are forwarded "Vi». class mail and must be prepaid Siberia" if o superscribed. such.
MAIL FOR CANTON Registered and ordinary maila (not Insured or Parcels) will bo nes repled for Canton and despatched as: circumstances permit,
MAIL LETTERS
OUTWARD MAIL TIMES Registered and Parcel Malls are closed 18 minutes earlier than the ume given below unless otherwise Ordinary letter mail only for West to close at or before 9 am, re stated, and where mails are adventis- Kwangtung, Kwangai, Szechwan. Kwelchow and Hunan will be asgistered and parcel malls are closed cepted at senders' risk.
lat 5 p.m. on the previous day.
INWARD. MAILS
From
Ainoy
Shanghal
Air Mall by "Imperial Airways
-Direct Service”—London
11th December.
Japan and Shanghai
Japan
Shanghai and Swatow Manlia
Calcutta and Siralts Japan
Per
Cremer Glennpp
date, Imperial
Haiphong. Fakho! and Holhow Strails and Europe via Suez (Papers etc.) London date, 24th November and London Paretis-London date, 17th November.
Manila
Shanghai
Straits
Due.
December 20, .December 201
Airways Plano Ixlan
December 20.
December 20.
Jeypore
„December 20,
.December 20.
Pel Ping Sirdhana
December 20.
„December 20.
December 20.
December 20.
Kingyuan
Sulsang
Yochow
Air Mail by "Imperial Airways
Direct Service"-London date, Imperial 15 December. Munila
U.S.A., Honolulu and Japan-(San
Francisco date, 20th November), Pres. Adams
Japan
Japan
and Shanghal
Salgon
Straits
Japan and Shanghai Japan
Shanghai Japan
Japan and Shanghai
Manila
Straile
Tieniain and Swatow
Air Mail by "Pan-American Airways
Direct Servico"--San date. 21st December, Manila
Haiphong
Bangkok
Atuta Marta
Carthago Empress of Russia Bellerophon... Bolssevain
December 21.
December 21.
December 22.
December 22.
Airways Plano
December 22.
Phemlus
December 32.
December 22.
December 23.
.December 23.
December 23.
,December 24,
December 24.
December 24,
December 25.
December 28.
.December 26.
December 28.
.December 27.
December 20.
Airways Plano Potsdam
December 28.
December 20
Corfu. Jean Laborde Bhutan Marechal Joffic Tusima Maru.... Conte Blancamano British Monarch Menesthets Pleasantville
Van Houtsz stupch
Francisco Fan-American
OUTWARD MAILS
Per
Tuesday
Date and Time.
Kwanglung ....Tues., Dec. 29, Noon. Canton...Tues., Dec. 20, 2 p.m. Jean Dupuis Tues., Dec. 20, 3 p.m. Mui Iock Tues., Dee, 20, 4.30 p.m. Wednesday
For
Hollow and Pakhol
Fort Bayard
Swatow and Amoy
Shanghal and Dairen ....
Parcels only for Singapore
Chuanchow and Amoy
Tsinan
Thursday
Sandakan
Swatow, Foochow and Tientsin
Parcela only for Calcutía
Hinsong Kunan Sulsang
Haiphong
Taksang
Thurs., Dec. 22, 8.30 a.m. .Thurs., Dec. 22, 8.30 am. Thurs., Dec. 22, Noon. Thurs., Dec, 22, 1 p.m.
Halyang Helenus Cremer
Wed., Dec. 21, 2 p.m... .Wed., Dec. 21, 2.30 p.m. Wed., Dec. 31, 8 p.m. Wed., Dec. 21, 3.30 p.m..
K.P.O.
Thurs, Des. 22.
Air Mali for "Imperial Always Imperial Airways Plane
Direct Service"-due London, 29th December.
........Dec. 28, 5 p.m.
..Dec. 22. 4.20 p.m.
O.P.O.
Dec. 22,
Dec. 32. 7.. 9,m.
p...
Reg.
Ord.
Bey.
Ord,
Ale Mail for Mainya, Java and Aus- Imperiał Airways
trolla by "Imperial Airways Direct Service-due Sydney, 11st December.
Plane
Thurs, Deo. 23.
Rer.
....Dec. 22, 5 p.m..
Ord.
Rox.
Ord.
K.P.O.
Thea. 22, 5.30 p.m. G.P.O
.Dec. 22, 5 pm.
.Dec. 22, 1 Dm.
vin Vancouver B.C., and (Parcels
G. F. O. and K. P. 0.
and Papers only for Canada)---
due Vancouver B.C., 8th, January 1839.
Parcels, Reg, Ord,
..Dec. 23, 9.10 am..
Pridne
U.S.A., Central and South America Empress of Russia.Thura,, Dec. 22.
... Dec, 22, 6 p.m.
„Dec, 23, 10 am.
.Fri, Dec. 23, 8.30 am.
Fort Bayard, Holhaw and Haiphong King Yuan Swatow
Shanghai, Japan and Europe (except
Yochow
Fri, Dec. 23, 8.30 am..
Great Britain and Eire) via Siberia. Carthage ...Fri., Dec. 23, 10.30 am. Swatow and Tientsin
Kwaisang....Fri., Dec. 23, 10.30 a.m. Pres. Adoms Fri., Dec. 23, 10.30 am.. Jean Labord Fri, Dec. 23, 1.30 p.m.
Manila
Shanghal and Jopan
Swatow, Amoy and Foochow
Bagres
via Thursday Island-due Thurs- day Island, 8th January, 1039.
Manila, Australia and New Zealand Atūta Maru
Fri., DC. Dec. 23.
22, 3 p.m..
K.P.0.
..Dec. 23, 6 p.m. .Dec. 23, 5.30 p.m.
Dec. 23, 5 p.m..
.Dec. 23, 7 pm.. ..Fri, Dec. 23.
Reg.,
Ord.,
Q. P. O.
Reg.,
Ord...
Straits, Ceylon, India, East, and Cortu
South Africa, Aden, Egypt, Malta, and Europe via Marseilles-due Marseilles, 20th January, 1999.
G.P.O. and K.P.Ö.
Parcels, Reg., Ord,,
Saturday Airways Corfu
ILog..
Ord.....
Air Mall for *T* L. M.
Direct Borrice"-due Amsterdam,
3rd January, 1839,
Salgon
Amoy and Shanghai
.Dec. 23, 5 p.m. Dec, 24, 9.45 a.m. .Dec. 24, 10.30 am.
G.P.O, and KP.Ö.
Marechal Joffre
.Bak, Dec. 14.
Doc. 24, 9.20 am.. .Dec. 24, 18 sm.
Sat., Dec. 24, 2.30 p.m... Sulyang....Sat, Dec. 24, 3.30 p.m.
Manila and Naples-dus Naples, Conte Blincamano a
18th January
Swalow, and Foochow
Amoy
Tientsin
Sat., Dec. 24, 5 p.m.
-Sunday
Yochow Anbul.
Sun., Dec. 25, 8.30 p.m.
Tingsang
Sun., Dec. 25, 9 a.m. .Sun., Dec. 25, 9 a.m.
Monday
Air Mail. by "Imperial Airways Imperial Airways Plane Mon, Dec, 26.
Direct Service”...dno · London, 2nd January 1939,
ז'
XP.O.
Rer.
...Dec. 26, 5 pm.
Ord,
· Dec, 26, 5.30. pan.
́G.P.O. ||
Bex..
.......Dec. 26, 5·9KER.
Ort
Air Mail for Malaya, Jaya and Am- Imperial Airways Plans Bion. Doo, 25.
tralia by "Imperial Airways Direct Bervice?-dne Bydney, 2nd January · 1939,
*****....Deo, 20. 7 p.m.
..K.P.O.
Rot.
...Deo. :20, 5 p.za.
Ord.
Dec. 28, 5.30 g...
Q.P.O.
Bes.
Ord.
Tinegara Yurban
Déc
· Chinese ́ guèrilla forces. altitude adopted by the Japanese has Government to do something equally caused no surprise as the forthcoming caused annoyance, not only to petent. Ever since the Leith Ross talks are regarded chiefly as a ful Britain and France, but to Germany mission there had been much con- and frank exchange of viowa.--Res-. and Italy.—Reuter.
Pendence shown in Britain by the ter..
There is reason to believe that the and said that they looked to the bring back any speciesgreement Saturday included. Manila, Macsier and Bourabaya
Swatow
Swalow and Tientsin Batavia
Hothow, Fukhoi and Haiphongt.
„Deu. - 10. 5 gun
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