1933-01-20 — Page 6

WHITBREAD'S

MILK STOUT

_TO_TRY_IT IS

TO LIKE IT

MACKESON

„SÓ LIMITED

HY THEE BREWERE KENTE

REGR TRADE MARK

THE CHEAPEST

MILK STOUT

ON THE MARKET

$4.60 Per Dozen Nips.

A. S. WATSON & CO., LTD.

EST. 1841.

GRAYS YELLOW

LANTERN SHOPS

ALEX. BLDG.

HONG KONG HOTEL

TEL. 24566.

TEL. 27424.

GLOUCESTER ARCADE.

ARCADE

PENINSULA HOTEL

TEL. 58081.

Latest designs in Lingerie, White Fur Evening Coats and Capes. Linens, Curios, Jewellery.

New Shipment of Peking Rugs Just Received.

INSIDE INFORMATION

is that

EXSHAW BRANDY

is the Best

for all troubles

where Brandy is required.

KEEP IT IN YOUR MEDICINE CHEST.

Solo Agente:-

:

CALDBECK, MACGREGOR & CO., LIMITED, (Incorporated under the Companies' Ordinances of Hong Kong.) Prince's Building,

Ica House Street.

"RICKSHAW BRAND

CELEBRATED CEYLON TEA

SOLD BY ALL COMPRADORES

AWARDED 10 GOLD MEDALS

FOR PURITY, STRENGTH

AND FLAVOUR.

Sole Distributors --

Telephone

20075.

THE CHINA MAIL.

WHITEAWAYS

GREAT WINTER SALE

MEN'S SHOES

100 PAIRS

Men's Shoes. Best English Makes. Odd ranges and sizes.

Usual Prices $19.50 to $29.50 Pair.

TO BE

CLEARED AT

150 PAIRS

$10.00 Pair.

Men's White Canvas Sports Shoes.

Rubber soles. All sizes.

Usual Prices $7.50 to $11.50 Pair. TO BE

CLEARED AT

30 PAIRS

$2.50 Pair.

Men's Leather Slippers in Black or Brown. English Make.

TO BE

Usual Price $12.50.

CLEARED AT $5.00 Pair.

E

WHITEAWAY, LAIDLAW & CO., LTD.

The China Mail.

with and supported by strong and powerful city banks, conser vatively managed and with high-

HERE. THERE

and

EVERYWHERE

"Flapping."

The other new enterprise will find itself faced with considerable difficulties.

There can be no hope

of any

FRIDAY, JANUARY 20, 1933.

D'ARCY-A PORTRAIT

IN OIL

ROMANCE OF ANGLO- PERSIAN COMPANY

working agreement with the CHANCE MEETING BRINGS. FORTUNE

Jockey Club.

It may not be an easy matter to get together the number of thor

But for a chanca consultation in|casional passage of a nomadic tribe, aughbred horses which will be re-

sun-baked were now penetrated. A camp was. quired for a six-day programmes lawyer's office in a The horses will not be able-to-re-Australian town, the most exten-set up by the Maidan-i-Naftun, the world would Field of Oil, where, In ancient dams, turn to racing either under Jockey sive oil-fleld in the

been' collected Club or National Hunt Rules, and never have come under British.con-trickles of oil had a similar embargo will be placed trol and the colossal enterprise from time immemorial and dartered

the Anglo-Persian Oil by the wild tribesmen. on the trainers and riders. This known as

Hard by were the ruins of means "flapping," a form of rac. Company might never have existed.

William Knox D'Arcy, à bluff | Masjid-i-Sulaiman, the Temple of Ing which has never attracted big

To the eternal fires of crowds.

and hearty solicitor, concerned only Solomon. with the little processes of the law this shrine the oil had been fed in in his small town, was drawn into the days of the Zoroastrians, tho the fabric of international finance fireworshippers.

Your Daily Smile.

Short Short Story.

by the curious weaving of fortune. The drills of industry broke the. His figure looms large to-day when ancient peace. D'Arcy had cr His his original concessions are being ganised his company to wrest -

challenged by Persis.

other fortune. Immense difficulties

He had a will of his own. wife liked him for it. He made her sole legatce.

*

*

RHYMES RE-WRITTEN

There was a little girl who

à little curl

Right in the middle of her

head

D'Arcy's story beats fiction. He faced him. Supplies had to be was born in Newton Abbot, Devon-carried on the backs of donkeys and had shire, in 1849, and in 1866, when camels and there was no adequate

17 and through|port. young D'Arcy was

A pipe line had to be laid Westminster, his lawyer father took jover the mountains. fore-the family to Australia. D'Arcy

Difficulties. Overcome.

Senior set himself up as a solicitor For two years the pioneers slav- When she was good she was very, in Rockhampton, Queensland, and ed. By 1903 the capital was low. his son eventually took over the D'Arcy had drilled £300,000 of his personal fortune into the rock, and practice.

very good,

But when she was bad she

came popular.

*

*

Door-Step, Dialogue.

*

(Time: 11.30 p.m.)

be-

"Let me have your gramophone till to-morrow, old man.".

"Oh, you want to dance?" "No, to sleep."

###

*

Answer to Correspondent.

When finger-bowls are served, Hong Kong, Friday, Jan. 20, 1933. ly diversified resources and Cuthbert, it is usually considered

liabilities. The debate over bad manners to ask for soap. extension of branch banking hus for years been a signal for "Jardine has 20 Cricket Caps.” |diverging judgment in America. Clothes of play score.

The recent convention of the American Bankers' Association|

American Banking

System.

Facts You Did Not

・・・ Know.

He may have dreamed dreams as there were only two small wells to he sat in his stuffy office, but it is show for it all.. Difficulties of certain that his Imagination fell finance began to face him. The well short of what was in store for Gormans, awake to the importance him.

of the concessions, began to make One day in the late 'eighties atempting offers and to exert pres- sheepgrazier client, one Sandy Mor-sure on him. gan, dropped in to see him. Morgan He stuck out against foreign owned a big ranch in the hills. He ownership. Help came from Lord thumped down a lump of rock on Strathcona, head of the Burmah OIT D'Arcy's desk and said, "What's Company, who organised another this stuff? There's a whole moun-syndiénte to work "other parts of tain of it back of my place."

the concession. Together the D'Arcy had a good look at the pioneers fought against innumer rock. He guessed that it was gold able difficulties. They blasted mule quartz,

He sent it to Sydney to tracks across the mountains and have it assayed. When the report laid the 150 miles of pipe-line to the arrived he knew that fortune was sea. They built railways, ships, within his grasp.›

wharves, refineries. That was the beginning of the In 1908 the Anglo-Persian. Oil famous Mount Morgan mine, one of Company was formed with Lord

The tremendous losses caused virtually waived consideration of by constant bank failures in the the question, because of the dis United States lessen the con- agreement in its own member fidence of the public in the ship. Yet it is impossible that Hydroelectric development in American, banking system but no the harsh experience through Spain in recent years has made such the world's wonders in gold pro- Strathcona as chairman and D'Arcy definite reform in that system which hundreds of thousands of progress that the industry leads all duetion. In exchange for his savas a director. The Admiralty, had has yet been manifested. The small-town depositors have pass others in amount of capital in inge and his work as organiser, then seen the vital importance of D'Ary took a third of the capital off fuel for the Navy. The greatest economic slump saw hundreds of ed since 1929 can fail to add vested.

(stock of £1,000,000. The mine pro-joll expert in the world, Professor banks fail and tens of thousands strength to the demand for

spered. For the next ten years (now Sir John) Cadman, 'was sent These throughout the United States exactly such facilities.

A Los Angeles inventor hos

D'Arcy ant back in his office chair,jout to investigate the field. detachable finger nall lost their life savings. To the depositors must by this time be patented

The result was that on August average Britisher, accustomed to aware of how the immense and covers for women, made in various attended to the wants of his sheep-

owner clients, and watched his 10, 1914, six days after England had the security of English banks, country-wide loss both of indi-colours to match wearers' costumes capital growing.

declared war on Gormany, the Royal the position in America is almost vidual savings and of ordinary or lipstick.

That might have been the end of Assent was given to the proposal to incredible, and the contrast banking service in the United

Anglo-Persian. the fact afforded by the secure and safe States contrasts with

A noted German airplane build the storySolicitor Makes Fortune invest capital in Canadian banking corporations, that nothing whatever of the ing company has turned its atten- in Mining Venture-but it was not. To-day, the British Government has William Knox D'Arcy decided to a majority holding of £71⁄2 millions to kind has occurred in either tion designing automobiles operating under the British sys- tem, adds to the amazement felt Canada or England, countries in streamlined to reduce wind resist Wander rand and see a bit of the in the company's Ordinary shares.

world with his wife. He had made D'Arey died in 1917. He had by outside observers. Recently, which the practice of branch ance and fuel consumption.

2100,000, and he left instructions seen his dream come true.

The oil however, American financial lead banking is firmly established and

that a parcel of his shares (then he had found and fought for was ers have been urging reform of habitually pursued as the basis of and clergy in this connection worth £8 ench) should be sold. already a big weight in the balance the banking system and Mr. the banking system.

have proved groundless. Thanks The D'Arcy family went first to of the fate of nations." Thomas W. Lamont, a partner in

largely to the efforts of an ad- Egypt, then to italy, then tol the J. P. Morgan Company, made Broadcasting Progress, worked under the chairmanship Vienna, D'Arcy happened to see an MRS. J. C. THOM LAID

visory committee which has Vienna. They took their time. In

An urgent plea that banks

throughout the country hither

咖

of the Bishop of Southwark it old copy of the "Times." It con-

TO REST.

Old Resident Of The. Colony.

to separated from the

The British Empire broadcast has been found possible to broad-tained an announcement that if he taining influence of the Federal of the King's speech at Christ cast services of a non-sectarian got in touch with his Dankers In Reserve ahould join the mas served as an illustration of type, containing the simplest ea- London, he would learn something system. Mr. Lamont point wonderful progress of broad-sentials of Christian doctrine and to his advantage.· D'Arcy was in ed out to the Academy of casting. The celebration was such as have been found acno hurry to answer it, but his

observed of Political Science that failures of recently

the ceptable to Church authorities wife insisted.

Mrs. Josephine Calista Thom, non-member banks during these tenth anniversary of Briand general public alike. The When at last he came to London whose death occurred on Wednes recent years have been four and tish broadcasting and a sur-task of the B.B.C. during the last he found that, during his absence, day at her residence at Ice House d half times more numerous than vey was made of the splendid ten years cannot have been an the shares had risen to £17 and he Street, at the age of 77 failures of member banks. These achievements since the

firat easy one.

The fact that the had £1,200,000 to his credit. His had been a resident in the non-member failures, he showed, trial transmissions at the end of exercise of its monopoly has first act a sidelight on his breezy: Colony for many years, She

native The astonishing expan-been so free from errors in judg- generous nature was to reimburse was DAVIE BOAG& Cold were mostly of "email banks with 1922.

California, extremely limited capital", yet sion and development since those ment and from technical failure all his old friends who had sold out and it is understood was prede official figures, not cited by Mr. early days are reflected in the may lead us perhaps to take it at a lower price. He divided ceased by her husband, an Ameri- Lamont, also show that the more steady growth of the number of too much for granted. That in it- 270,000 among themacin doctor, to whom she was mar- numerical preponderance of such licensed listeners, who now total self is a striking tribute to the Unexploited Country. ried at the age of 16 years. non-member bank failures made more than five millions, and in enterprise, the imagination, the The life of a millionaire palled. The funeral took place yesterday

In he mornings dress and breakfast in COMFORT. All day in the home have COMFORT

inte

In the evenings dine, play bridge or read in COMFORT. Warm up the bedroom and retire at night in COMFORT, By using CAS. FIRES or RADIATORS.

Annual Rental

Fixing Charges

HONG KONG & CHINA GAS CO., LTD.

eater Building

Nath Jephone

of

it possible that, out of the total the evolution of an industry discretion and the vigilance of D'Arcy felt an itch to get back to evening in the Colonial: Cemetery $1,691,610,000 deposits tied up which, in catering for the listen those who have developed it. The work and to put his capital to some Happy Valley. by all banks failures in 1981; ers technical requirements, pro- charge that they have some use. For some unknown reason The last services were perform- $957,982,000 were those of non, vide employment for over times been high-handed is surely he decided to go back to the earthed by the Rev. G. T. Waldegravs. member banks. To draw such 100,000 people. First as a Com- based on mistaken notions, con- which had given him his fortune Wreaths, were sent by Mr. and banks into the Federal Reserve pany, with definite industrial in cerning the real duties of a pub and to concentrate on oll, Mrs. F. W. Stapleton, Mrs. Capell needa pressure by the public do-terests, and later as a Corporale service. Even if it had set Again he had a chance meeting and family, Mrs. Hunter, Mr. H. L. ing business with them, and retion, with a Royal Charter and out with the aim of pleasing This time with a young Persian Donnys, Mr. C. Bulmer Johnson and cent experience ought to insure direct responsibility to the Gov- everybody the B.B.C. must soon named Kitabil, who told him about Tang Sai, the amah. In addition, that. But the evil remains that ernment, the monopoly of British have found such an ideal illusory, the oil seepages in the northern part Messrs. Hastings and Co. sent a a multitude of banks, because of broadcasting has been developed. The truth is that both the old of his own country. Although wreath, as well as Chinese friends Imperfect State banking laws, Public opinion le no doubt divid company and the present corpora oll had been known to exist in whose names were not available. were organized under State chared as to the particular phase of tion have never departed very far Persia for many centuries, ters with Insufficient capital, in its activities in which the B.B.C. from a working rule which may country had been unexploited. experienced management and Ill (to use initials which apply both perhaps be rendered, "Give the Practically all the petroleum came guarded restrictions, varying to Company and Corporation) public something slightly better from the United States, Russia and widely in the different States. has been most successful. It than it now thinks it likes." the Dutch Indies,

the

ACKNOWLEDGMENTS.

The result has been that thou has sought to give accurate, That this great force for good or Fired with enthusiasm, D'Arcy Mrs. Cheng Yip Shl wishes to sands of these banks have been brief, and impartial news of what evil has been developed and ad- sent out a geologist to explore. The express her very sincere and heart subjected to constant danger, of is going on in the world outside. ministered so sagaciously, and two ends of the 800 miles old-belt felt thanks to all those members Insolvency "under the most ordin- It has attempted to provide re-with such a deep sense of respon were found, and ip 1901 D'Arcy, of the public and especially those any conditions of difficult times," laxation and relief from the afbility, has not been the least sure of his ground, received his all-who have worked so very ardent and that "ninety per cent. of the strain of modern life. Its efforts satisfactory feature of British important contestons from the ly to get up the petition and made banks which failed in the decade at the instruction of both school national post-War life. Britain Shah for the exploitation of natural Ita success, 1921-30 were located in rural children and adults have by com- is deeply indebted to the old gas, petroleum and naphalt in the communities. In protection of mon consent been singularly suc Board of Directors and the pre-whole of Parsis, except for the firo the depositors, Mr. Lamont cessful. Most of all, perhaps, the sent Board of Governors, and northern provincé for the next strongly urged extension of the B.B.G. has justifled the high res particularly to Sir John Reith, sixty years. branch-banking system.....Only ponsibilities with which it has who managing-director and Desolate, treeless hills and vafl by this, he held, can such com- been entrusted in its courageous director-general has been asso, which albe munities have the Lonefit of ser decision to broadcast religion, ciated with the organization, since Sassanfant Ki vice from Institutions associated The early fears of both public ite earliest days.

the

Mr. WForsyth and family wish to thank all their friends for their deep sympathy and condolences ex- tended to them in their regant and reavement, Waldo for Horal utes, and attendance at the