1932-12-24 — Page 1

SPARTON SUPER MODERN

Radio

The dollar, on demand, closed.

to-day at 1/84,

Library, Supreme

China Mail

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HONG KONG, SATURDAY, DECEMBER 24, 1932. PRICE $3.00 Per Month.

-

DUNLOP

provides the greatest possible

TYRE ECONOMY

COLONY FINANCES SHOW $12,044,319 BALANCE FOR 9 MONTHS

ROOSEVELT

ANXIOUS TO

CO-OPERATE

Refutes President's Intimation.

WAR DEBTS QUARREL.

New York, To-day. President-elect Roosevelt com- menting on President Hoover's note upon the mutual correspon- dence on war debts, expresses surprise at the President's im

plication that he, Mr. Roosevelt, refused to co-operate..

He made a statement as fol lows:-

"It is a pity, not only for this country but for the solution of world problems that any intima. tion should be given that I con- sider it undesirable to assent to co-operative action on foreign problems."

He points out that he suggest ed to President Hoover that hel selects his representatives; for the preliminary studies of the debt situation, the progress of which he had asked to be kopt advised. He had offered to con gult the President freely between now and March 4, when he takes office, he added. Reuter.

ARMED GANGS

OPERATING IN

THE COLONY

Wounding Reported In Territories.

STORE LOOTED OF $1,500.

Armed with a revolver and knives, four Chinese men entered the ground floor of 77, KI Lung Street, occupied by the Tung Tak Grocery Shop, at 4. o'clock this morning, and left with loot valu- ed at $1,500.

Leung Sheung, master of the shop, reported the matter to the Police at Shamshuipo, "

After threatening the inmates, the robbers ransacked the premises and collected money, jewellery and clothing into bundles.

The one man was armed with a revolver, while the other three carried a dagger each. These weapons were brandished in the faces of the occupants of the place, who were too terrifled to raise an alarm or interfere.

Police are investigating.

Brief intimation of an armed robbery, accompanied by wound- ing, reached Police Headquarters in a message from the Tai O Police Station this morning. Eight men, armed with choppers perpetuated the attack which occurred at the Sbck Pk Chung Ha Village at 1.80 o'clock this morning,

The Commander-in-Chief, Admiral the Hon. Sir Hubert Brand (on left) saying good-bye to Vice-Admiral EJ. A. Fullerton, who will succeed him as new Commander-in-Chief at Mount Wise, Devonport-(9. & G.)

BRITAIN GRATEFUL FOR NEW ZEALAND'S OFFER.

But Has Not Accepted Plan To Resume Debt Payments.

CX-

Auckland, To-day, The New Zealand Minister of Finance, Hon. Mr. W. Downie Stewart, stated yesterday that the British Government, while pressing warm appreciation of the generous feeling which prompted New Zealand's offer to resumo her responsibility for her war debt payments, had not accepted the offer.

When Great Briteln was faced with the necessity of resuming payments to America, New Zea- Jand

at once offered to pay instal- ments on her own war debt to Britain, on which a moratorium had been declared.--British Wire- Jeas Service.

IRISH BLOW

AT BRITISH

INDUSTRIES

Preferences Reduced By Free State.

AMERICA MAY BENEFIT.

Dublin, To-day.

COLONY TREASURER A new tariff order was issu

“ON LEAVE.

Mr. Breen Fills

Vacancy.

During the absence on leave of the Colonial Treasurer, the Họn. Mr. Edvin, Taylor, the post will be filled by Mr. Michael James Breen, Postmaster General.

rate:

KING WILL

BROADCAST.

OPTIMISM SWEEPS

WHOLE EMPIRE

BUSINESS BRISK AND GLOOM DISPELLED

ENGLAND'S

ENTHUSIASM

THE SHADOWS OF DEPRESSION HAVE BEEN EFFEC- TUALLY DISPELLED THROUGHOUT THE BRITISH EMPIRE WITH THE ADVENT OF CHRISTMAS. EVERYWHERE THERE IS A SPIRIT OF LIGHT-HEARTED OPTIMISM, BUSINESS 19 BRISK AND TRADESMEN GRATIFIED.

To-morrow His Majesty the King will broadcast a message of good cheer and hope from his seat at Sandringham, where the Royal Family has assembled for the holidays. His Majesty's message will be heard in Hong Kong at about 10.35 p.m. (local time).

In the Colony the bustle and festivity is a miniature reflexion of the immense Christmas activity in England. Seldom before has London experienced such ideal Christmas weather and such trade and travel.

From Canada and Australia have come reports of high expecta- tions for the year to come. Government spokesmen have issued hopeful messages to the nations.

London, To-day."

All over the country prepara-

VANQUISHES

tions for celebrating what pro- CHRISTMAS mises to bean gausually mild Christmas are. nearing comple- tion. The temperature in Lon- don for several days has been at the normal level for April, and it is hoped that the fine spell will last over the week-end.

London's streets present the usual aspect of bustle, and the shops are crowded. The holl-

TO - MORROW day rush on the railways has be

gun, and the Flying Scotsman, the Cornish Riviera Express and other long distance trams left! London yesterday in dupli- cate.

in

DEPRESSION

Colony Prepares For Seasonal Revels.

BUSINESS IS BRISK.

Christmas trade in the Co- lony has been gratifying.

Right Rev. Ronald Owen Hall, Bishop of Victoria, who arrived in the Colony yester ́day on the 's. 8. Katori Maru.

·His Lordship will be enthroned at St. John's Cathedral on Fri- day, Dec. 30, at 6,30 p.m.

Progress On India

Queen's Road and Des Voeux Round Table Conference

Concludes To-day.

are now

HONG KONG

REVENUES

INCREASE

Treasury Reduces Expenditures.

FIGURES IN GAZETTE.

The state of the Colony's finances, as indicated by the Government Gazette issued to-day, is highly satisfactory. The Treasury Report shows an increase of revenue and.a. decrease of expenditure for the first nine months of the year,

After expenditure of $2,448,599 in September, the Treasury shows a balance of $12,044,819 in hand. Revenue for the nine months ending September 80 is stated to have been $24,049,522 and expendi ture for the same period was $28,846,892, Comparative figures for the corresponding period lask year

wore, revenue $29,901,770 and expenditure $22,800,477;

An actual increase of $19,- 378.77, in revenue over the 1931 Ogures is shown. Actual re- venue shows an increase of $141,761.67.The revenue es (imated for 1982 totals $33,991,- 510, and the estimated expen- diture is $34,981,6615202 The expenditure from September 1 to September 50 was $2,448,699.71, as compared with $2,628,970.02 for the saine period last year. "The actual expenditure showed an in- crease, this year's figure being $28,- 346,882.88 for September, as com- pared with $22,800,477,82 last year.

SUCCESSFUL YEAR

FOR C. L. AND P.

Profit Of $1,066,296 On Past Year.

Christmas Message From Sandringham.

Road, the shopping centre of Two hundred extra trains the Colony, were thronged WORLD-WIDE HOOK-UP. were being run to-day and throughout the Bay, and all yesterday on the London, Mid-!

London, To-day, stores report brisk business. London, To-day. land and Scottish Line and 97 on

As the result of the rapid pro the Southern Railway.

"The public are more discrimina-gress made during the past few His Majesty the King will

Fifteen thousand seats have one of the leading stores, "and al-Round Table Conference

ting this year," said the manager of days, the tasks before the Indian broadcast to the Empire on been booked on the Great West though the sales have declined practically completed. By yester September 30, 1932, of $1,086,- A profit for the year ending. Christmas Day at 3.35 p.m., ern trains and sleeping cars re somewhat, the shopping rush, when day evening the Committees had Sandringham time. All clocks at servations on night trains for one takes into consideration the finished their work of examining

296.66, is shown on the balance Sandringham House

aheet of the China Light and are kept Scotland are expected to equal present existing conditions, is ex various aspects of the complicated Power Company (1918), Ltd permanently half an hour fast last year's figure of 2,500.

questions at lasue and the reports of This profit is on the working ac Once again the growing Confectionery and fancy goods the Committees had been noted by count alone, and further amounts popularity of air travel has set up a record. At Croydon,this particular line, the sales are

seem to be the best sellers, and in the Conference.

||of $1,175.00 and $2,976.88 are add- all available air liners are in

Late last night the Conference, ed, being for transfer fees received well up on last year. service and those leaving yes In the hotels, the Christmas de-in the day, was summoned to meet plant,

which had had two sessions earlier and the profit on the sale of old terday were full to capacity.corations are taking definite shape for a general discussion on the con-

The sum of $412,641.67 will be Unusually large numbers are and the bookings for the revels are clusions reached, and the morning deducted as expenses, $847,660.86 ses on numerous winter pleasure years. this year spending Christmas at reported to be well up to previous at a final session the third Indian of the amount being for deprecia-

This innovation was introduced by King Edward in order to pro- vide an extra half-hour of day- light for shooting parties. King Edward was thus really the first to introduce summer-time in England.*

The King's message should be heard in Hong Kong at 10.85 p.m. on Christmas day. Reuter.

(Continued on Page 14)

CAUTIOUS BUYING ON N.Y. MARKET.

Industrials Alone Make Recovery.

New York, To-day The New York Stock Market re- mained practically unchanged yes. terday, buyers being extremely cau- tious.

cellent."

cruises arranged by leading ship- Behind the walls of the General formally brought to

Round Table Conference will be tion. Directors' and Auditors' fees

an end-Bri-absorb 820,597.25. ping firms. British Wireless Post Office are to be found the tish Wireless Service. Service.

busiest men in the Colony. Thou-

Financiers Charged

German Shares Sold Abroad.

Dresden, To-day.........

The arrest of the brothers Karl and Sigmund Bergmann,

sands of bags of Christmas mall

have poured in from all parts of FLAX RESEARCH ON the world, and this efficient depart mant Je hard-pressed to cope with the rush,av-TABA

CENTRAL SELLING FOR SUGAR. Batavian Plans Approved.

Batavia, To-day.

ROYAL ESTATE.

British Experiments Prove Successful.

The Directors recommend the de- claration of a dividend of 50 cants per share on the "old" shares al-

lotted prior to October 1, 1981, and proportional amounts on the shares allotted subsequently to that date. |The sum of $562,777.11 will be al- lotted for this, leaving $161,784,78 to be carried forward to the next

account

The fourteenth ordinary meeting of shareholders, will be held in the. board room of Messrs. Lowe, Bing-

London, To-day. The experimental growing of pedigree dax on R.M. the King's ham and Matthews at noon on De Sandringham estate, under the comber 81- supervision of the Linen Research Association and the Department of

EUROPEAN LADY

INJURED

ed by the Free State Govern- ment yesterday, the effect of which is the withdrawal of the preference hitherto given to

In their daily market report, British boots and shoes, men's Messrs. E. A. Pierce state: There owners of a large cigarette firm The scheme for creating a con- Scientific and Industrial Research, and boys clothing, certain la no change in the market situa-bearing their name, has caused a tral sugar selling organisation, to is believed to have proved very suc Iron and steel articles.

Wen. Several Industrial issues con- sensation here, for the name is be supervised by the Government, cessfull The motor car duty rate is

tlaue to hold firm but buyers were known in every household. The has been approved but in a con-

A deputation Trom the Linen Fell In Alighting From made extremely cautious by the charge relates to the alleged ille siderably amended form at a Research Association, was received reduced to

Bus the preferential general market atmosphere during gal disposal of currency and special meeting of the People's by their Majesties the King and

the past week.”)

arose in connection with the re Council

Queen, at Buckingham Palace this Many articles of iron and Business was about average, 980,- ported acquisition of shares in the The Working Committee recent week, and their Majesties inspected Gloucester Building, was injured Madam Flint, of Chic Parisien, steel are exempted from duty 000 shares changing hands, Bergmann concern a few days ly has been considering the advid a variety of linen goods manufactur- yesterday afternoon when alighting such as sawing, printing,

Industrials, which slumped heav ago by the British-American ability of establishing a central ed from the flax grown at Sandring from a Hong Kong Hotel motor, bus hosiery, boo aking and agri-ily earlier in the wouk, recovered Tobacco Company sugar, selling organisation, and ham. T cultural machinery

while it was in motion. The ac We slightly yesterday and rose 25 to The order is another step in the be quoted at 56.80. Raila, utilities from disposing of the currency, Java its final proposals, including areas of the Royal Estate ma

large cident occurred near the Causeway Bay termunus, while the bus was en A notes that the latting off of Free State campaign against Grent and bonds show "B-

ine, they actually brought it into the the new idea of the introduction devoted to fax growing fireworks between (-114

on Britain's trade.

route to Tai Hang, from Kennedy Tow Desember. 81, and 12.16. a,m, on motor car duties will open the bonds declined. :17 to January 1:1088, will be permitted, Irish market to cheap American held up better and dropped only The brothers have been re a fund for the unemployed in the research is con

elight in ako razetted

cara,itla expected Reuter. :04 to 76,627-Reuter,

Striduu

Virolens Berv

The Hon. Mr. Edwin Taylor loft Hong Kong yesterday on furlough.

The appointment of Mr., John George Charlton as Assistant Gov- ernment Marine Surveyor (En- gineer Surveyor) Harbour Depart ment, has also been gazetted?

reduction of rails dropping 25 to

The brothers contend that for submitted to the Government of Newspapers suggest

hile country, C. The sum involved is of compulsor contributions by a lead to the home prodo said to be 750,000 marka, sugar sellers and sugar employees important raw mat

leased on bail. Reuter.

the

Jürle

sus

French Convent Hospi