1932-04-30 — Page 14

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EIGHTY-EIGHTH YEAR OF PUBLICATION

HONG KONG, SATURDAY, APRIL 30, 1932.

AMERICANS WIN DAVIS

CUP ENCOUNTER

DOUBLES SUCCESS

CANADIAN PAIR GO DOWN IN STRAIGHT SETS.

Washington, Yesterday. The United States lawn tennis team to- day eliminated Canada from the Davis Cup Contest when John Van Ryn and Wilmur Allison defeated Marcel Rainville and Jack Wright in straight sets by 6-2, 6-1, 6-2. This is Amrica's third victory over Canada as they clinched both singles events yesterday. Reuter's American Service.

MATCH AGAINST AUSTRALIA,

ADMINISTRATION POWERS CRITICISED.

Situation in India Reviewed.

SIR SAMUEL HOARE'S ASSERTION.

Rugby, Yesterday. Reviewing the situation in India during his speech in the House of! Commons, the Secretary for, India, Sir Samuel Hoare, declared that in spite of the formidable difficulties, its economic and financial conditions were much better when judged by every standard, than they were six months ago.

Then, India could not have bor rowed even a small sum in the Lon- don market, nor in other money markets of world, except at alto- gether Prohibitive rates

of interest.

A few days ago they were able to issue a long term loan.

The loan was issued at 96, and was heavily over subscribed, · and now stood at a considerable mium.

pre-

It was by no means an unexpect, Tall, over 6. ft. 2 in., slight, with

Political Problems. ed result as the youthful American a seriousness of countenance he

Dealing with the polictical and side are expected to go a long way it is understood that he will not day imprisoned and interned in reminds one of¿Col. Lindbergh. Samuel Hoare said there were to- consistutional problem, Sir

in the contest this year. Their only concentrate on the Davis Cup India no fewer than 26,000 men and most formidable adversaries in the as the other U.S. players intend women but the situation as a whole Pacific Zone are the Australians deing, but will be seen in action was better than they might expect, who have greatly improved their at Wimbledon this year. game this year.

considering the great upheaveal go- The Australian) Fall results of the American v. ing on in other parts of the world. decision to challenge in the Ameri- Canada contest were as follow: can Zone appears to be a wise one]

& series of charges W. Allison (U.S.A.) beat M. made about the abuse of emergency

Alluding to as they have an excellent chance Rainville (Canada) 6-2, 6-4, powers and about against the US. players, and, if they should win, it will be readily conceded that ultimate victory is not beyond their power.

Ellsworth Vines, the twenty- year-old American prodigy, is the leading light the American team.

NEW BUSINESS BUILDING.

6-4,

the conduct of the police, he had gone very care- E. Vines (U.S.A.) beat J.fully into these matters and had Wright (Canada) 8-6, 8-6, satisfied himself first of all that 6-4, 3-6, 6-2,

the powers were being successfully Allison and Vines (U.S.A.) administered, and Becondly that, beat Wright and Rainville, there was in progress in this coun- (Canada) 6-2, 6-1, 6-2.

try and on the continent, and in! Indi Д very unscrupulous pro- paganda for the purpose of dis-i |paraging British rule and British

most modern in every respect.

The ground floor will be occupied efficiency in India. by the Bank.. It will have two

The Government has not the least) Manager's offices, a spacious lobby intention of being deflected from its and banking hall and office space. ahead with the policy approved by an National Commercial & The Messanine floor which will

They were going straight Savings Bank.

FOX Picture

Booking at the Theatre.

SITE ACQUIRED.

Tel. No. 25813.

The National

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Wireless

also be occupied by the Bank will overwhelming majority in the House consist of office space, a

of Commons last December, a policy Board room, and a Safe Deposit Vault. laid on the true foundations of order,

progress. British The Safe Deposit Vault, although in the Mezzanine floor, will be a very strong one and at the same time:

and Service.

Savings Bank, Ltd., Hong Kong, free from dampness, which is a TREASURY MINUTES

whose present premises is at 144-

very important and valuable

150 Des Voeux Road, Central, a feature, because deeds and other valuable property of their own, written documents will not be have found it too small for their damaged by moisture. growing business, and have recent-

purchased from:

SIGNED.

Bonds to Be Repaid at Par.

Rugby, Yesterday.

the

All the upper floors are to be let ly acquired a most valuable site in as offices. They are going to be the centre of the banking and busi-the most modern offices in Hong ness district in Hong Kong. The Kong: property WAL

To the left of this new building On the application of the Bank of Messrs. David Sassoon and Co., is the Bank of East Asia, at the England, the Treasury minutes have Ltd., and is situated at the corner back is the Hong Kong Stock Ex- been signed maintaining of Ice House. Street and Des Voeux change, across the Des Voeux Road amount of the fiduciary issue at the Road Central. It is well-known is the Netherlands India Commer-existing figure of £275,000,000 for that the Ice House Street is the cial Bank and scross the Ice House a further period until June 30. "Wall Street" of Hong Kong. Street is the Hong Kong Share- The Treasury, in the exercise of The National Commercial & Sav- brokers Association and next to it of the issue will give notice ings Bank, Ltd., are planning to is the Bank of Canton, The Ameri-option reserved in the prospectus of construct a seven-storey reinforced can Express Co., and the Hong in to-night's': Gazette. that

concrete building on the site with Kong & Shanghai Banking Cor-the 4 per cent. Treasury Bonds a frontage of 58 feet by 100 feet. poration. Certainly it is difficult to of 1931-1938 issue, will be repaid Messrs. Palmer and Turner, the find a more ideal location for bank-at par, on August 15 next, with four well-known Architect, is in charge ing and business purposes.

montha Interest up to that date.

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