1934-04-04 — Page 9

OF

WEDNESDAY, APRIL 4, 1934.

LONDON FUNDING OPERATIONS

£150,000,000 Issue At

•

3 Per Cent.

SINKING FUND TO KEEP

LOAN AT PAR

London, To-day.

fast

A large Government, funding operation was announced night. It takes the form of a three per cent. funding loan. 1959-1969. with an issue £1,50,000,000,

"}}

On April 15, the Government are under contract to repay £105,000,000 worth of four per the cent. Treasury bonds, and present time is regarded as suit- able for issuing a new loan..

To-day, there will be published, in consequence, a prospectus of the new three per cent, funding loan, con- sisting of an issue of £150,000,000 with a life of from 25 to 35 years. The price of the issue is 98 per cent and the straight yield of in- The list terest is 1/3 per cent.

of applications will be opened to. morrow and will be closed on or be

fore the next day.

An interesting feature the prospectus de the provi. sion for a sinking fund.

Each half-year, the Government has undertaken to set aside a sum equal to two per cent. of the no-i minal amount of the loan originally created. Out of this there will be paid interest on the loan for the half-year, and the balance will form!

a sinking fund to be used for pur

chasing the loan for cancellation if

It stands at or below par.

If it stands above par, the sink- ing fund money will either be used

in the same way, or otherwise in- vested. Any addition of the loan

"Scraps" of Highways and Byways

The Marco Polo of China, Poon Tuck Ming, 25, is walking around 'the world and he's covered more than half the distance during the last three years and seven months. Above he is shown at Washington explaining his scrapbook to Dr. Szo-ke Alfred See, Chinese minister to the United-

Staten, whose guest he is at the moment.

ENGLAND MAY HAVE

:

"BRAIN TRUST"

New Parliamentary Body Suggested.

UPPER HOUSE ABOLITION

London.

President Roosevelt's. "new

THE CHINA MAILA

JOY-RIDING BY SOLDIER

Borderer, Fined $20 On Two Charges.

MAGISTRATE EXTENDS LENIENCY Private S. Burt of "B" Company:

To-day's Short Story.

E

A Woman Is But

By Sirdar

A Man's Shadow Ikbal Ali Shah.

Although merely a hillman's story, and, hawk-nosed face out of the yet nothing portrays the mind of a folds of a huge camel-hair cloak. warrior Kurd more than this does, A woman stood by the fire, veil- {no I give it as related, a good com-ed, and as motionless as himself. parison with the peaceful, almost Such visits were more than In- docile. temperaments of the Persians, frequent in' Sirleîman's experience. It is the story of a Kurdish brigand, He had, not sot eyes on a female; dnd, although old in age, it might{form" for quite a quarter of s well be true to the conditions of ta year, yet he remained immovable. (day there na, law, but trigger jaw it was his invariable custom to

is obeyed on the frontier of Persia: bermit visitors the first move.

"You are. Suleiman?" the lady

BY

Y no stretch of even the most seked, keeping her face valled,

romantic imagination,, said The brigand bowed. "You have. my Kurdish guide, could the come to raniom someone?" he cavern of Suleiman, the brigand, askod carelessly, "the tea, mer- be described as befitting its re-chant, perhaps?"

The shrouded form swayed a putation. It was small, dark and

decidedly damp, yet, in this sor little.. "No, I come on quite an- did den the predatory chieftain other errand," was the, reply." "I with whose name Northern Per-bave heard that Suleiman occa- sia rang took such ease as hel permitted himself.

It was a dismal afternoon in the rainy season. The wind; walled outside through the screen of stunted pines which faced the cave, and blew the 'smoke of the

tiny fire whigh burned at its en-

trance over the head and shoulders for the bandit, so that it seemed as

TO-MORROW'S STORY

To-morrow's story will be "Bernhard 'Rlives," by Aino Kallas.'

a veil round the torso of a mysteri-gionally assists those in distress, our prophet.

Aak|

and

Is it not so?".

"Such has happened," admitted the brigand.

"Ah, but this time there is no

What Suleiman was actually do- ing it would be hard to say. what a statue is engaged in, you probably have the reply. He possibility of refusal," cried the might have been sleeping, he

veiled lady urgently. "Suleiman might have been thinking. But, has been branded as a coward, twig-strewn path without crackled when the noise af footsteps on the will he accept the dishonour!"

Suleiman leapt to his feet an

not previously redeemed will be redeal" ideas are apparently seep-South Wales Borderers stationed to his hearing, he became sufioath on his bearded lips. Every

paid at par in 1969, but the Governing gradually into English poli-at Murray Barracks, was charged ciently alive, and raised a bearded man has his limit of endurance.

ties. The latest suggestion, before Mr. E. W. Hamilton at the which has been forwarded to Central Magistracy this morning any every member of Parliament and

ment reserve the right to redeem the loan in whole, or part, time after 1959.

and he had never In his life been

inunted with cowardice. The ex-

In so far as the right proceeds of many lending people in England for driving car, No. 2334, belong MR. W. FUNNELL IN perience was a strange one and his the new loan are used for repaying by Lord Brougham and Vaux. ing to Dr. S. C. Ha, withoul un ap-

Trust."

"Parliamentary Brain

reornmends the abolition of the propriate license and without the the four per cent. bonds, the pre- Upper flouse and the formation

owner's permission. sent operation will result in a saving of a of interest to the Treasury at the

Inspector Nicol stated that Dr. rate of just under £1,000,000 per

"Such & Chamber," states the He left his car in Chater annum

as memorandum," could be set up near the Cricket Club, £45,000,000, The additional between £105,000,000 and £150,000,- following the Incorporation of in

able for any purpose of floating debt and professions into statutory or of reducing Treasury bills.-Bri- corporations. tish Wireless Service.

gone.

on

COURT.

blood burned to liquid flame. In a couple of strides he crossed to where his visitor stood swaying, and with a single action he tore No Wireless License.

the veil from her head. It reveal- ed a vision of terrified beauty at Summoned for being in posses which he stepped back amazed-| Road, Mon-sion of a wireless set at No. 77 great luminous eyes gleaming in a Henessey Road, without an ap-face of golden fairness, quivering 000, of the new issue, will be avail-dustries and groups of industrins day, and when he came back injoropriate license from the post lips, of loveliness, a mass of wavy the evening he found his car had master-General, Mr. W. Funnell hair. But frightened as she was, WAR fined $10 by Mr. E. W. Upon receiving a report of the Hamilton at the Central Magis-sufficient courage to go. through the lady still evidently retained. "These corporations should be

minKing car, Sergeant Youe dia-tracy this morning. comprehensive of and entirely responsible for the whole body of covered that the car had run out of people engaged in the respective petrol on the Pokfulam Road near industries and professions. and the University Cricket ground. De- should be expected to maintain fendant was then in the car which each its own labour force and had a dented mudguard.

Buri pleaded guilty to the proper organisation either for

charges. Mr. Hamilton, in pass- production or marketing, or in the case of the professions, foring sentence, said: "I will take on the adjustment of the relation lenlent a view of this case as pos- ships themselves, and between alble, but this sort of thing must) each profession as much and the stop." community as a whole. From A fine of $10 each Corporation 1 propose that leach charge.

LABOUR PARTY- SETBACK

41 Resignations From South African Group,

DISSENSION REVIVED

Johannesburg.

The influx of Afrikaans-speak-there should be appointed to sit ing members of the South in the new chamber'a number of African Labour Party has been persons to be allotted in propor shortlived.

No

WIRELESS. SET SHARED.

And So Was Fine For No License.

with her mission.

"That has touched you, Suleiman the Black," she laughed. “You may think 'me a fool to brave you in your fastness, but my brother is: |a prisoner—and what will a true]

woman not do for her brother?"

"You speak in riddles," growled Suleiman. "Come to the point." Lai Ching-lung and Cheung Wai, "My brother, the Sirdar Glafar, both of No. 79, Connaught Roadie, or was, a general in the army was imposed on Central, were each fined $5 by Mr. of the Shah, you have, heard of E. W. Hamilton at the Central him. The rebels have taken him not only Magistracy this morning when aum-prisoner. They "have moned for being in possession of a loaded him with chains, and treat wireless set without an appropriate ed him foully, but have accused license from the Postmaster Gen-him of cowardice, saying that his defest was due to panie. He was eral.

tion to the numerical strength "MAFOO AS BOYCOTT fewer than 41 of them, of the corporation itself.

INSTIGATOR” . some with A record of severall The method of selection of years' membership, who had at these persons should be deter-

tained to the inner councils of mined by the corporation itself, Riding School Proprietor

the Party, resigned their mem-subject to the approval of a Ju bership.

Idicial Committee to be set upj

It was at the recent Confer-¡for the purpose and should pro ence of the Party that the trou-vide for the, udequate represen. ble began, or rather was revived; tation of each clement of the in- for a year ago the Party in condustry or profession.

reets."

Makes Allegation.

had better share the Ane.

2

In fining defendants, Mr. Humil- Inconsolable at the charge, and in ton remarked that the penalty for his wrath has flung to them they shared the wireless set, they they set him free, to capture you this offence was $10, and that, aa challenge. He has undertaken if Mr. Ringle-handed—that is, unless you Hamilton ordered the set, which prefer to come down under safe had been confiscated, to be returned conduct to Tehran and face him to defendants on payment of the sword in hand, as man to man."

Suleiman atarted: Then fine.

laughed, loud, and long.

FEBRUARY*

(Continued from Page 1.)

•he

The impertinence of your pro- posal is 'amazing," he cried ́at last.

$20 CLAIM IN COURT

Colonel D. O. Rosikle, the pra- ference turned down a proposal; Representative Group. |prietor of the Hong Kong Riding; to add a clause to the Constitu- "The persons so appointed School, at Mataukok, Kowloon City, tion recognising the help of God. would be directly answerable in was the defendant in a claim for 117,000 MORE EMPLOYED IN. "Am I to be the fool of any soldier

This year the proposal was to Parliament for the conduct of $20 made by Chan Kau, a Chinese

who desires to vindicate his insert "that the South African the Corporation in very much mafoe, at the Supreme Court this

honour"" Labour Party recognises God the same way as Ministers are morning before the Pulane Jadge,

"You recognise, the alternative?” and the Religious freedom of all janswerable for the conduct of Mr. R. E.Lindsell,

said the woman scathingly, "You their departments.

The claim of $20, equivalent to engineering and iron-founding will be branded an a coward This was supported by most of "A Chamber of this kind would month's wages, was made on the ship-building and ship-repairing, through the length and breadth of the Afrikaans speaking dele- be composed of the most respon grounds that his employment was metal goods manufacture, motor Persia. How will Suleiman the gates, but the opposition which sible and experienced human ma- terminated without notice.

vehicle building, coal-mining, Black relish such a reputation?" was in the majority passed a terial to be found, not only in

Mr. Horace Lo prosecuted on printing and bookbinding, cot "After all, I ambandit, one resolution declaring that the industry, commerce, medicine, behalf of the plaintiff, the defen- ton industry, distributive trades, who lives on plunder. Should I Party did not ask any questions and law and so on, but also in all dent not being represented.

and shipping dock, harbour: prevall, what is my reward!" about the beliefs of its members the great scientific professions.

Plainuit, in evidence, said that hotel, and boring-house ser- "The reward," answered the wo- other than political.

"It would be the duty of this he was ordered to do work, which, vices, bj, Formula Sought.

new Chamber to bring to bear as a mafoo, he considered was not special conference in June on the knowledge and training on those

ting in erecting a matshed and dump- subject and to endeavour to find national problems which were a formula which would meet brought before It. with general 'acceptançe,

"Those probleme, I suggest, However, this was not consi-jshould comprise: p dered to be enough so a letter "1. Foreign polley; 2. Im has been written to the Secretary perial political relations; "g. Een of the Party signed by the 41 nomie reorganisation: 4: Judicial members who resigned their con- matters."--Reuter. nection with the Party, Matik.

TO-MORROW

香港重居中隆十

AT

THE

KING'S

"THE FIRST ONE HUNDRED

YEARS ... ARE THE HARDEST I"

From the day she said "yes" she wouldn't take “nɔ” for

an answer!

Mary

Charlie RUGGLES & BOLAND

the new comedy team in a picture teeming with comedy!

Mama Loves Papa

PHOTO SUPPLIES.

Cameras Films, Plates, Papers, etc. "Developing Printing and Enlarging.

AT 24 HOURS' SERVICE,

THE KWONG KWUI CO., LTD.

Photographers.

PHOTO. TAKEN DAY & NIGHT.

74, Queen's Road Central, Hong Kong.

Tel. 22170,

HOLD PRE-EMINENT

LEADERSHIP

BY THEIR SUPERLATIVE

QUALITY

STATE EXPRESS

CIGARETTES

555

333

ARDATH TOBACCO CO., LTD., LONDON,

There was a slight decline in man, dully, "is myself, for so I GAY SCENES ON CLYDEBANK

(Continued from Page 1). not that suffice?"-\, {industry;

The Council decided to call a its high degree of specialised his job. The work included "asit employment in the wool textile have agreed with my brother. Will |

"It is felt," says the letter,

"that no formula brought for

EUROPEAN LADY RELEASED

Kowloon Opium Case

At present the shell of the giant liner is complete, except for the stern, and it is hoped Mrs. J. Boys and a Chinese" that the vessel will be ready for woman, Leung Ying were both dia launching in the autumn. In

charged when they appeared on re preparation for that event £18,000 has been spent in widen mand yesterday morning before-Mr...

Suleiman the Black halted in his

· The numbers of unemployed ing manure, He refused to do the persons on the employment ex- prowling gait. Truly," he said, work and was ordered to leave change registers in Great Bri-not without admiration, "you must This occurred on February 2 last, tain were 2,201,677, made up as what is to prevent me from keep- love brother. But, foolish one, and his request for wagon was refused, followe

1,796,787 wholly unemploy. far you here if I wish, which, by the way, I have no particular, de Bire to do?!! 312.622 temporarily stopped your manhood, was the curting and deepening the Clyde. · E, I, Wynne-Jones at the Kowloon 92,168 || normally. In casual patt employment, t

ed.

Witness was cross-examinéd ́ ́at length by the defendant," who alleged that witness had tried to instigate a boycott and strike, and

e reply, which I am confident even was dismissed for that reason, This representa 116,882 less * Suleiman has not altogether lost, ward will be acceptable to us, as has no prospects for the future. This was denied by the plaintiff than the February returns, and Your anwar?” he we want God to be recognised by "We do not see our way clear." The hearing was adjourned until 174,607 less than the year, be Buleiman laughed once

shortly this the Party. My it is added, to continue with an Friday for the evidence of the fore

They are of opinion, after car outlook that does not fake the Bergeant on Duty at the Kowloon The total on March 19, come on, he ful consideration, that the South sentiment of the Afrikaans City Police Station, who was pre-prised 1808,200 on 249,212 you to the African Labour Party, apart speaking people into regard. sent when the tnafoomade ble bore, 304,328, women, and 39,552 the from one or two industrial seats, Router,

complaint to the Polike.

iH British wireless Bervicë.

more.

The vessel will have, tonnage of Magistracy on a charge of being in 75,000, and will be the largest and possession of 300 tuels of "oplum probably the fastest in the world. outside the Kowloon Canton Ball-

The resumption of the work, fol-way Station on March 25, lows the paling of legislation jan-Mrs. Boys was discharged after powering the Government to ad- mèdical evidence had been given of vance up to $9,500,000 to the feeble-mindedness," and the Chinese Cusard White Star Merger Com-woman on the lack of evidence. The British Wireless Bervice optum war ordered to be confiscated: