1931-12-09 — Page 12

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The

China Mail.

ESTABLISHED 1845.

HONG KONG, WEDNESDAY, DECEMBER 9, 1931.

U.S. FACED WITH LARGE DEFICIT.

President Hoover Suggests Plans.

HUGE FINANCE CO.

"Washington,, Yesterday. That the Treasury will have to face a deficit of $4,400,000,000 at the end of the next fiscal year, unless taxation is increased and expenditure cut down, is the gloomy prospect to be envisaged in President Hoover's message to Congress on reassembly to- day.

President Hoover's proposals are to be headed by plans for a huge federal finance reconstruc- tion corporation to which the Treasury should be authorised to subscribe reasonable capital. The corporation is to issue its own debentures and be liquidat- ed at the end of two years. Its functions will be to facilitate American agencies for exports and make advances to agricul- tural credit agencies and estab lished industries, such as railways and financial institutions.--Reu- ter.

STARTLING DISCLOSURE,

Richsbank's Difficulties.

Basle, Yesterday. In spite of a favourable balance of trade of about 350,000,000 marks Reichsbank's gold monthly, the cover has fallen to twelve per cent. after deduction of the Reichsbank's foreign currencies and liabilities.

Short

LOCAL SHARE MARKET.

Opens with a Steady Undertone.

NO PRICE VARIATIONS. -

The official summary ised by the Stock Exchange to-day states:

The market opened this morning with a steady undertone, and with no variation in prices.

Lands, $80.

Sales.

China Lights, $27.90. Star Ferries, $95/$96. Lane, Crawfords, $6.60.

Впуств.

China Underwriters, $4.90. Shanghai Explorations, Ts, 2.40. Providents (old), $5.15. Provident (new), $2.35. H.K. Lands, $80. Chinese Estules, $95. Trams, $21.10. China Lights, $27.80. Canton Ices, $5. Lane, Crawfords, $64. Amusements, $19. Douglases, $20%. Wharves, $151. Hotels, (new), $14.70. Realtics, $12.05. Ewos, Tis. 16.

Peak Trams (old), $14%, H.K. Electrics, $78. Cements, $19.10. Staceres, $152. Entertainments (old), $174. Entertainments (new), $16.

Sellera.

Bank of East Asias, $128. China Lights, $28.30. S. C. Enterprises, $10. Rauba, $43.

Venezuelan Goldfields, 82,

PUBLIC MONEY.

(Continued from Page 1.)

EMPIRE TEAS PROBLEM.

Representations Under Consideration.

BLENDING PRACTICES.

London, Yesterday, Empire tens alone are bought for the Army and Air Force an- nounced Mr. Duff-Cooper in the House of Commons to-day,

Later, Mr. Neville Chamberlain said he had noted the represeп- tations and communications of the Empire Ten Association, but was unable to make a further statement at present.

Asked to prevent the blending of Java with Empire teas which were sold as "Empire Blend," Mr. Hore Belisha, Parliamentary Secretary to the Board of Trade, said he would consider the mat- ter if furnished with particulara. -Router.

MOTOR LORRY ACCIDENTS.

Woman Knocked Down By Motor Lorry.

Chan Fuk-kin, licensed motor driver, reports, that while he was driving motor lorry No. 2080, along Nathan Road, near Pitt Street, a Chinese woman, named Choi Yuk- shin, age 37,, residing at No. 310, Portland Street, crossed the road) and was knocked down. Her right] leg was injured. Her condition is considered serious.

Woman Injured When Lorry Turns Over.

Shu Sí, 26, a married woman, of to Sung Yee Street, was admitted the Kwong Wah Hoapital vestor- day evening, suffering from injuries caused by motor lorry No. 2783, turning over in Prince Edward Road yesterday evening.

Animal Sanitary Department: Depots and Slaughter-houses, Motor Running Expenses, Meat Vans, $1,000.

This startling fact has just been revealed by Herr Melchior, the German delegate to the Young Plan Special Advisory Committee sum- moned to consider Germany's ability to pay her reparations.

In connection with the develop- terms debts amount to twelve mil-ment of the area between Kaulung liard marks. The Reichsbank in Tsai and Kowloon City it is very the past six months has repaid only desirable to put in hand this year a milliard.-Reuter.

the following drainage works:-

i. Sower in the cemetery road between N.K.L.L. 1882 and Prince Edward Road, $8,000. fi. Sewer in Prince Edward Road from the foot of the cemetery road to street west of Tak, self. Ku Ling Road, $15,000,

INCLEMENT CONDITIONS

CONTINUE.

The Royal Observatory's re- port issued this morning states: An anticyclone has formed over S.E. Mongolia, and a de- pression over Korea;

A short-lived disturbance oc- curred between Pratas and Hong Kong early this morning. Forecast:-Northerly winds, fresh; overcast, drizzle and mist.

Rainfall.

Rainfall for 24 hours end- ed at 10 am. to-day 3.48 inches. Total since January 1, 79.51 inches against an average of 82.29 inches deficit 2.77 Inches.

Temperature.

The temperature at certain specified contree this morning

at 6 o'clock was:-

Hong Kong

69

Масло

67

Pratas Island

76

Foochow

68

Amoy

65

40

Shanghai

50

Manila

76

Chefoo

The deficiency in this vote is dus to the increased cost of motor spirit as compared with 1930 when the The service estimate was framed.

is revenue earning, and pays for it-

New Female Jull.

ili. Extension of 81" storm water New Female Prison Laichikok,

drain in street west of Tak | $48,000. Ku Ling Road, towards Kow- Joan City, $9,000.

The acceptance of the contract) for this work was approved by the Finance Committee on 104.31 when

Fire Brigade Stores, $1,200. Owing to the lower rate of ex-it was agreed that a supplementary change and increase in cost of stores, the vote will be exceeded by $1,200,

Police Training.

Police Force, $2,000,

vote in aid of the amount of $100.- 000 provided in the 1981 Estimates should be taken later in the year.

The revised estimate for the

The work is $220,000.

extra js now asked for 1981 The sum provided has proved amount insufficient owing to severa! un-848,000 and the provision in the foreseen payments in respect of Estimates for 1992 is $71,000. fees and expenses of police officers sum of $936 was expended on this attending special courses of train- work in 1930 ing in Great Britain.

Kowloon-Canton Railway-Other Charges, Motor Cara and Lorries, Running Experses, $2,500,

DENTALINE

(Concentrated Antiqoptio) ...);

Is more than a mouth-wash-It actually

KILLS GERMS

Dentaline is an Antiseptic Germicide and Astringent. Properly diluted it is delightful to taste and

refreshing to use.

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Currency Commission. Expenses in connection with Cur rency Commission, $35,202.

The expenses of the Currency. the appointed by Commission

Wages of car drivers paid from this vote were raised in 1930 but | Secretary of State for the Colonies provision for the excess, and for amounted to $35,201.29. The Com- the wages of one additional river mission consisted of Mr. P. H. engaged in 1980 was omitted in Ezechiel and Mr. G. L. M. Clauson! error from the estimates for 1981 and the expenses were confined to leaving a defeit on the vote of passages to and from Hong Kong $1,210.

and out of pocket expenses of the Salaries are not in- members only. cluded nor is the cost of printing the report.

The balance $1,290 is required to cover additional cost of tyres and petrol dne to the fall in exchange.

Genuine

BAYER

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Printed and published for the Proprietors, The Newspaper Enterprise Limited, by DAVID CHRISTIAN WILSON, Business Manager, at 88, Wyndham Street, Hong Kong.

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