1933-04-10 — Page 1

In choosing a NEW TRUCK

KEEP

THIS

BEDFORD

SODE IN ENGLAND

The dollar, on demand,

to-day at 1/3 14

FINAL EDITION

China Mail

THE OLDEST - ESTABLISHED NEWSPAPER IN THE FAR EAST

IN

MIND

Est. 1845.

British-born-Successor to Chevrolet.

No. 28,387

HONG KONG, MONDAY, APRIL 10, 1933.

U.S. DELEGATE REASSURED

LARGE ASSETS

OF H.K. FIRE

INSURANCE CO. Flourishing Reserves Reported.

PROFIT FALLS BY $28,127 ON PREVIOUS YEAR

Shares Sub-Divided

The proposal to pay a dividend of $50 per share, and an Exchange Bonus of $5 per share, was made j by Mr. J. J. Paterson, presiding at the 64th. Ordinary Annual General Meeting of the Hong Kong Fire Insurance Company, Limited, held in the offices of the company at 18, Pedder Street, at noon to-day. This dividend is the same as two was paid during the last years and absorbs $440,000. The

Mr. W T. Cosgrave, leader of the Opposition in the Free State Parliament.

sum of $143,830.66 was transfer- UNOFFICIAL

red to the Re-insurance Fund.

on

The Chairman stated that the company's reserves were in a flourishing condition and the share- holders had cause to congratulate themselves the satisfactory showing made, by investments. Assets showed an increase over last year, as expressed in Sterling £25,000 and as expressed in Sil- ver approximately $1,700,000.

He proposed that the usual; bonus of 15 per cent.. on their salaries be paid to the staff who worked well throughout last year

RAIL STRIKE

IN IRELAND

Dublin Men Repudiate

Settlement.

5,000 EMPLOYEES DEFY NATIONAL UNION

London, To-day.

DISARMAMENT

PROSPECTS

DISCUSSED

Mr. Norman Davis Sees German Leaders.

"AUTHORITIES READY AND

WILLING"

Berlin, To-day.

Mr. Norman Davis, United States Delegate to Geneva, who left here for Paris yesterday evening, declar- ed that he is most reassured at the result of his Berlin visit. He found the new authorities ready and will- ing to discuss all problems.

Yesterday afternoon, Mr. Davis: had a long conversation with Herr Nadolny, head of the German dele- gation of the Disarmament Con- ference, in which the whole techni

cal field of disarmament, Mr. Ram- say MacDonald's proposal and the prospects for the next meeting at

Geneva, were discussed.-Reuter.

Hitler Plans Flying Corps.

Berlin.

The Hitler Government's aggres- kive air policy launched with the

1845.

PRICE $3.00 Per Month.

GENTLEMEN'S HIGH GRADE OUTFITTING

AT HOME PRICES

BERNARDS' OF HARWICH

CHATER ROAD,

HONG KONG:

AFTER CONVERSATIONS IN BERLIN

BRUC

Chancellor Hitler's Nazi "Brown Shirts", bearing the flags and banners of the National Socialist Parly in a propaganda march on the eye of the German elections. The crowds thronging the streets are seen giving the famous salute. —(S. & G.).

NUVOLARI.

TRIUMPHS IN 1,000 MILES RACE

· British' Light Car Successes.

ITALIAN MOTOR CLASSIC

Rome, To-day.

creation of a Federal Ministry for Nuvolari, the Italian ace who A new Irish rail strike began at Aviation, temporarily in charge of won the Ulster Graad Prit won the midnight, last night, following the Herman. Goering, Minister of Inter-Italian 1,000 miles road race in decision of a mass meeting of rail-for, has been under-scored by an his Alfa Romeo at an average speed The directors' fees were raised $2,000 to $3,000 per annum, and men at Dublin, yesterday, to repu-appeal to veteran aviators and of 67.46 miles per hour yesterday. that of the auditors from $1,250,diate settlement.

young civilians to join a Nazi "fly-His time was 15 hours 11 minutes to $1,500.

jing corps.

50 seconds. Issued by Captain Ernst The first four places were

At an Extraordinary Meeting held immediately after the con- clusion of the Ordinary Meeting. the Articles of Association of the' Company were rescinded and newį Articles, providing for the divi-, sion of the existing 8,000 shares) into 40.000 shares were adopted.

The new shares will have a nominal value of $50 and $20 will be credited as paid up on each share.

Some 5,000 men are involv ed in the strike which is un- official and contrary to the recommendation of National Union of Railwaymen, and as this does not entitle the men to draw strike pay, it is thought that the strike will not last long.

ITALIAN "ACE" TO COMMAND

CHINA'S AIR FORCE--

Lient. Col. M. Bernardi, Former Schneider Cup Pilot

Rome, To-day.

The Italian air "ace," Liebt- Colonel Mario Bernardi, has ac- cepted an offer to command the Chinese Air Force.

Lleut. Colonel Bernardi is one of the best known pilots in the Ita- lian Air Force and in 1927 was holder of the world's air speed rew cord." In 1023 he represented Italy the Schneider Air Trophy racę, More recently, he was awarded the premier prize for stunt flying in An International meeting held in the United States.

US. TO POSTPONE DEBT PAYMENT?

Suggestion By Chamber

Of Commerce.

DEBTOR COUNTRIES WHO ARE UNABLE TO PAY

GANDE PRICE

DIRECTORS

CRITICISED

Defalcation of Harbour

Runner.

$21,343 LOSS REPORTED

Trading Account Shows Profil Of $3,482.

The trading profit made by Messrs. Gande Price & Co. for the year 1932; amounted to $3.482.- 142, but after the deduction of [$24,826.04 from the Gross Profits, arising through the defalcation of. the Japanese harbour runner, there is a nett loss of $21,343.62.

The directors of the Company have decided that no dividend be paid, and that the sum of $5,699.31 standing to the credit of the Pro- {fit and Loss Account, shall be car- ried forward to the next account.

Presiding at the annual meeting

held at noon to-day, the chairman,

Mr. Kenneth Chan, said:

"I and my co-directors are ex-

tremely sorry that Mr. S. C. Pank,

our late Chairman and Managing Director has resigned from the Board as from February 7 last, for he would be better able to give. you a fuller explanation of the accounts and no doubt explain the very unsatisfactory result of the year's working.

"I can assure you that no one is more disappointed than myself

Washington, To-day. further postponement of pay ment of inter-Governmental debts should be authorised on a tempor-with the statement before you, but I am glad to inform you that the ary basis where debtors can de-business thethods have been entire monstrate their inability to pay, ly re-organised since the latter states a letter from the United art of last year.

"Your directors regret very much States Chamber of Commerce to the defalcation of the Japanese

to $24,826.04, 'ns the sum Involv- ed is á large one, your "directors The letter adds--that Congress thought fit to effect a change in should authorise the negotiation of the management which has been agreements to promote the best in carried out. Mr. James N. Wong. terests of the nation, including en-has been appointed Secretary, and Mr. R. P. Phillips, Sales Manager. try for the United States into debtor Mr. Phillips has been wholly con-

Rochm, head of Hitler's storm taken by drivers of Alfa Romeos, SIR CLAUD SEVERN Senator Cordell Hull, Secretary of Harbour, runner which amounted troops, the appeal contains the Capt. Byston's time being 18, slogan:

hours 1 minute 4 secs. Lord Howe DIES IN LONDON "Help in achieving full libera- was only 1 minute 33 secs, behind, tion from the fetters of the in-and Capt. Hughes completed the famous Versailles treaty.

course in 18 hours 38 minutes. 'That Germany will press ita

Sir Henry Birkin was forced Meanwhile, no trains will leave claims for air-enquiry was intim-out of the race owing to a holed Dublin to-day, and the Post Office (ated by Capt. Goering, who told valve.

by motor.

has arranged to carry the mail the Air Club, of Berlin that if The Maserato challenge to the the Government couldn't get air- British light cars proved a com- The virtual settlement of the equality, it would withdraw Ger- plete failure. The two Maserato re. Irish rail strike which was declared man technical contributions from cars entered broke down early in sulting from the year 1931, can only at midnight on January 30, was an-the world's use.

The balance

Chairman's Speech

Chairman stated:

$589,830.40, of

"The

be described as moderately satisfac-nounced on March 31 as the result tory and, even then, it will be seen of discussions between the Compan that the bulk of such amount is de-ics and the Unions.-Reuter.

rived from Interest on our Invest-

ments and only the sum of $85,666.-)

88 from profit on Underwriting.

"This is but a sign of the times and I must frankly admit that, while the present condition of World wide unrest and depression continues, no. thing better can be looked for. It is (Continued on Page 3.).

WOMAN PILOT'S PROGRESS

England To Australia Flight.

NEW ZEALAND GIRL LEAVES NAPLES

Naples, To-day.ja

ARGENTINE WIN IN DAVIS CUP.

Chile Lose In The Zone Final.

He emphasised that the

German attitude was based

on the necessity of national security,

"The mission of a valiant, youthful, aviation," said Capt. Rochm's appeal for recruits, "is to blaze the trail for our move- ment, setting an example of boundless devotion and sacrifice! worthy of Germany's once proud air-force."

The "flying corps,"

Capt.

Buenos Aires, To-day. Argentine eliminated. Chile from the Davis Cup competi- tion yesterday when they won

come "Just another" organization. the first three matches in thee adds: "We call upon all avía-

Roehm emphasised, must not be

South American Zone Final.

|tors, old, and young, who have

the race..

The British M.G. team won the Grand Prix for teams with an aggregate. time of 36 hours 3 minutes. 38 seconds. The Blanchi team was second, 2 hours 25 minutes 56.1/5 seconds hind the British team..

"Continued on Page-12.)

DOLLAR REMAINS

STEADYS

Silver Registers Heavy Decline To 17.

faith in Adolf Hitler and his. The local dollar remained unchang-

Former Colonial Secretary.

HONORARY LLD. OF HONG KONG UNIVERSITY

London, To-day,

The death has occurred of

State.

countries.

nected with the Wine and Spirit Any concessions should be sub-Trade for the last 35 years, 27 of ject to reductions in the country's which have been with the Far expenditure on armaments, it de-East, and his joining the firm will contribute materially to our future. clares.-Reuter.

prosperity.

Sir Claud Severn, K.BE, NANCHANG

C.M.G.

Sir. Claud Severn was born on Sept 9th, 1869. He was edu- cated at St. Peter's College, Ade- laide, South Australia, and Sel- wyn College, Cambridge, where

he took a B.A. in 1890 and M.A. in 1913. The degree of Hon. LL.D. of the University of Hong Kong was conferred on him in 1920.

Bir Claud Severn was employ

ed temporarily at the Foreign

PIRATES WILL

COME TO TERMS

Captured Officers Say They Are Well.

RECEIVE CLOTHING AND ~FOOD SENT THEM

Newchwang, To-day,

Office in 1891-2. In 1894 he was

Hopes for the release of the Private Secretary to the Governor "Nanchang" captives have been

of the Straits Settlements, and

The following were the resulta: sims, to join the national-social-ed this morning, opening at 1/814 subsequently held various apstimulated by the return of an in-l

17

that they are willing

A came time the

Hector Cataruzza (Argentine) ist flyers" corps."... beat Elias Delk 6-2, 6-8, 6-3, 3-6,

Silver prices showed a further de-pointments in the Federated termediary, with a letter from the

captors 10-2.

Capt. Goering has appointed clins, spot falling to 174 while Malay States.

term Guillermo Robson (Argentine) several officials of Lufthansa the forward price declined 5/16 to He was Acting Secretary to the to

High Commissioner, F., M. S., and beat Salvador Adelic 6-1, 6-0, 6-1. German Airways, corporation -

Del Castillo and Zappa (Argento posts in the new air ministry. The London on New York cross Private Secretary to the Governor tine) beat Delk and Schoenherr Friedrich Christiansen, com-rate declined since noon on Satur- of the Straits Settlementä in 1907. mander of the flying boat "DOX" day, opening this morning at £-G#3- In 1911 he was Secretary to the Zappa was the only Argentine was made chief of airports and 41% while the New York on London High Commissioner, P. M. S.,

(Continued on Page 12.). player who played in last year's training division, while the world. rate is quoted at E-G$8.417%.

Miss Jean Batten, the 25-6-4, 6-2, 6-3. year-old New Zealand girl who Is attempting a solo flight to Australia from England, arriy. ed here at 6.35 p.m. yesterday. evening, exactly 12 hours after leaving Lympne

She left again at dawn this morning.

E

Miss Batteri la firing a Gypay Moth aeroplane formerly owned by the Prince of Wales

competition. Reuter.

25,000 U.S. UNEMPLOYED

ENROLLED

Civilian Conservation Corps Will Number 250,000

Washington The first 25,000 of the Civilian Conservation Corps which will al- Uimately number 250,000 has been enrolled, but

flyer, Wolfgang von Gronau, wAA named chief cf the sea-plane division,

The ministry will be divided into five departments of air traffic and politics, technics, business, sport flying and air-defence. LAPCE

Miss Batten is the second woman to attempt the England Australia solo fight, the first woman, pilot being Miss Amy Johnson (Mr J. A. Mollison), who completed the 9,960 miles in 19 daya, in Alay, || corperaz work at reforestation - vented from enterin the

- Miss Johnson used a Moth light seroplane. Rea!

President Franklin D. Roosevelt hopes to have the first of the

within a fortnight,

be corps WAR authorised CONSTERN AS 004 step, in the unsens ployment relief programme.

Premier Of Portugal To Resign

captives acknowledged re ceipt of the food" and cloth- Ing sent to them and said they were well but were na turally anxious to regain their freedom.

Indications are that the pirates are not far from here. Reuter,

"Mr. 8. C. Pank, our late Man- [aging Director, retired on January 31 last. Your directors have ap- pointed me the Managing Director In his stead, and I trust with the

co-operation of the staff, in whom

I have every confidence, that the

business will improve in the very

near future,

(Continued on Page b.)

LORING HOPS

OFF TO-DAY FOR MANILA

To Complete Flight From Madrid.

SPANISH AIRMAN HOPES TO ARRIVE IN 4 HOURS

· Senor. Fernande Rein the Spanish airman, left Kai Tack af 10.45

Manda," Good_wanther is reported ahend, and Sener Loring hopes reach the coast of the Philippine Islands within four hours, AME

But Will Head New Government The Nanchang, was pirated Manila i din hour

on the morning of 80, while Should he reach Manila" to-d Lisbon, Portugal. awaiting the pilot at Newchwang Senor Loring will have completed Premier Oliveria Salazar wil rosign by the people for a term of seren. Bar. Fourteen men surprised the r on April 12 when the new-constitu- years and a" cabinet-responsible to Sion of Portugal becomes off active, it him rather than to the National. As officers who were in the saloon, and his Madrid-Manila flight in 24 days. announced to-day, but he prob- sombly. The Assembly is to consist carried of Mr. A. D. Blue: (Becond This period includes the 11 days" ably will be naked by Freddant Ang of 90 deputies elected for four years, Engineer), Hr. F. L. Pears (Third delay at Phakkek.

Loring, Mebonto Carmona to organise the first bos-half by direct vota and the rest Engineer), Mr. Clifford Johnson Senor Fernando- Rein

|constitutional government.-

by diferent administrative

(Chief Oncer) and Mr, W. E. Har the Spanish aviator who left Surement dicta- Geacal Garmonia, M

March 187 on a solo der grave. (Second Oscar); SINS M Fits the farmer constitution for

ome at 1:30 pm on rear term, on March 25,

FOG DELATS LINERS

The Dollar Iner, President Kinley and the Blue Funnel liner, Elpehor, were this morning: pre-

account of the fog Bevera other smaller vessels are alsol?

Belazar hits been' pre

• of finance only.

Lore@submission to

Mr. Paars was released on April tight to 3 and he returned to Newchawang TAKE bearing the ransora, demand from Bained *the pirates.