FILM STAR ARRIVING
CLORIA STUART
Thursday.
HONGKONG, TELEGRAPH · June 22, 1939.
Chinese Banks In Shanghai
SKIPPER IS FINED $20
CAPT. HOLMES, of the s.s. Lyemoon, was summoned before Mr. E. Himsworth at the Kowloon Magistracy this morning. He was charged with: being master of a ship required to be searched under the Piracy Regulations, he commenced on a voyage at a time not previously notified and not approved by the Hon. Commis- sioner of Police.
Capt. Holines'ndmúlted the charge. Detective Sergeant Matches said that Capt. Holmes was due to sail at 10 p.m. on Jung 17, but did not do so until two-and-a-half hours later.
Capt. Holmes said that he had reasons for not sailing at that time, and would like to convey those reasons to Mr. Himsworth privately.
Capt. Holmes then wrote picce of paper. which WIIS Himsworth.
statement on a Mr. handed to
After reailing the exeuse Mr. Hinfsworth said: There is a lot to be said about that excuse. If you had telephoned the Police it would have been all right.
DESCRIBED by her Hollywood neighbour, Charlie Murray, as
Mr. Himsworth then lined Capt. Holmes $20. "a very sweet girl," actress Gloria Stuart is approaching
Capt. Holmes: I would like to know whether it is a routine thing to fine in a case like this.
It was Hongkong on the French Mail absolutely beyond my control to sall at that time. liner Athos and will step Mr. Unsworth: If you had rung up the Police it ashore about 5 p.m. She is would have been all right. It is merely a technical accompanied by her husband, offence. Had there been no excuse I Mr. Arthur Sheekman, and their 12-month-old daughter. Miss Stuart, who recently made "The Three Musketeers" with Don Ameche and the Ritz Brothers, is on an Eastern tour which has yet to take in Indo-China. Her tout so far
has been-leisurely and compre- hensive. She will spend two days in Hongkong, sailing for Saigon and Australia by the Neptuna on Saturday.
fine, indeed,
you
would have imposed a very heavy Capt. Holmes: I am afraid I don't. but I shall have to accept your fine.
ON CROWN LAND Squatters Summoned For Having No Permission
Japanes Flayod In S'hal
CHUNGKING, June 22-Anti- Japanese handbills
Stop Trading
A SENSATION has been created in
being distri financial circles by the sudden decision of the Chinese Banks in Shanghai to claim a partial moratorium for three. days.
buted at Way- side Road and Yangtsepoo, the Japanese. controlled area in Shanghai.
The handbills densune
Зарапово
m
31 0 the
The banks did not open yesterday, owing to efforts to under the Dragon Boat Festival holiday and opened
nan this morning for restricted transactions only. and urged the Chinese banks in Hongkong are not affected Col to use by the decision, and opened as usual at nine
Chinese cial structure *
Chinese prople
bogus notes is-
Aued by "the o'clock this morning.
Hwa ising Commer clai Bank.
Following the
handbits, Japanese gendarmes con- ducted rigorous
According to a “United Press” message, withdrawals have been limited so that no depositor is now able to
discovery of the withdraw more than $500 per week.—United Press.
A "Reuter" message from Shanghai states that the reason for the moratorium is that the Chinese banks are endeavouring to force foreign banks to sell foreign currency more freely, thus raising the exchange value of the Chinese dollar.
searches, hold-
Ing
up traflo
for some time, Central News
This report is discounted in banking circles in Hong-
and maintain a structure on Crown kong, Land at Taikokisui, without a per-
t from the Director of Public NOT PERTURBED
Works.
Mr. S. H. Peplow, Sentor Land Bailiff, said at the previous hearing that Ip applied for a piece of land for storing soda, but unfortunately
he built the structure before permis-
sion was granted. Ip now wanted the structure for storing timber.
A new permit was granted. A One of $10 was imposed on Ip
Chan Kwan and Tang Chan-shi So by Mr. Q. A. A. Macfadyen at were fined $10 each for a similar the Kowloon Magistracy yesterday offence. They had structures in the for unlawfully continuing to occupy same place.
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STARRING
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STONE
Foreign banking circles in the Colony, whilst some- what surprised at the sudden decision to proclaim a moratorium, are not unduly perturbed.
One well-informed quarter. told the "Telegraph" this morning that, whilst no one knows for certain the underlying motives for the moratorium, it was generally believed, with good reason, that there had been such a heavy drain on the Currency Stabilisation Fund recently that it had been decided to give the Fund a ¡"breather."
The Stabilisation Fund is operated with funds jointly
provided by British and Chinese Defence Talks
Banks, the advances from the
former being guaranteed by the In Singapore
British Government.
The Fund temporarily withdrew C. in C. To Preside
from the market earlier this month In order to allow Chinese currency to find its true level, and the immediate effect was a drop in the exchange rate of the Chinese dollar from Od to him.
At Secret Sessions
SINGAPORE, June 21. ALL THE delegates for the A further drop of a'farthing was Anglo-French talks, described recorded in unofficial markets in officially as an "International Shanghai yesterday, the closing rate Defence Conference" have or being 6d. The market was easy on rived here. opening this morning, the rate being 0.33/84.
FUND OPERATING
Air Marshal Sir Philip Joubert De
La Ferte and Major-General McLeod arrived this evening, as well as
A suggestion that the Moratorium Colonel -G... -Henderson, deputy
had been called
'because
director
military
operations in the the Ex-Indian Army. They arrived by air. change Fund was no longer operating)
is entirely discounted.
The gymnasium at the barracks of the Manchester Regiment will be the but One factor contributing to the venue for the full conference, weakness of the Chinese dollar in be-the navy, army and air force sub-
will committees
meet separately lieved to be that the Japantse au- during the greater period of the the conference re-assembling
thorities have cornered Maritime Customs receipts in North China and are using them to buy foreign exchange. The receipts from committees conclusions. this source, which amount to ap- preside. proximately $1,000,000 a day, provide the Japanese with a powerful lever
Chinese dically to correlate the sub- |
in the exchange war.
U.S. Silver Policy
and
Admiral Sir Percy Noble will The tained rear fiercy is being main
regarding the talks. extensive measures have been taken to guard the conference building.
World Powers, notably Germany conference-Reuter,
WASHINGTON, June 21.-It is and Japan, are showing interest in the reparted in Senate quarters that President Roosevelt is not willing to promise to increase the price of newly-mined domestic silver after June 30 ឆន requested by the silverlies,
The
to
Inquiry was made in an effort break the Senate filibuster in con-
nection with the resolution extending
the President's powers to devalue the
Tinned Salmon
From Japan
dollar and maintain the stabilisation British M. P. Wants
fund.-Reuter. ·
Market Firm
SHANGHAL, June 22,-The first action of the
result
of
the
To Know Why
LONDON, June 21.—Questioned in Chinese banks in proclaiming a the House of Commons to-day-regard three-day moratorium was seen in the ing the report that considerable open market rates this morning, quantities of Japanese tinned salmon which immediately after the opening, had been purchased by Britain. Mr. turned very irm, with better sellers tory to the Board of Trade sald he Ronald Cross, Parliamentary Secre- at cash than at the control rates.
Sterling sellers for cash were understood that considerable supplies quoted at 0.7/42d. and the United of canned Russian and Japanese States dollars were at 1234.
salmon were in bond in Britain, but
The market generally was excited, that a large part already belongs to but so far there, has not been much Britons. movement in the rates.Reuter.
As regards the question whether
In Hongkong the Chinese dollar it was not in public Interest that firmed considerably against the Hong- Japanese agents should make efforts kong dollar this morning. The clos- to unload their salmon on the market, ing rate yesterday was $2.20 Chinese Mr. Cross said that, as a matter of currency to the Hongkong dollar. course, that question was receiving This Brmed to $2.25 at the opening the Government's closest attention at and to 32.18 at noon.
the present-Reuter.
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