1937-03-01 — Page 10

THE CHINA MAIL, MARCH 1, 1987.

SHERRY

MOLINO

REGISTERED)

SHERRY

A FINE, PALE, FULL-FLAVOURED WINE. Produce of Spain.

SHIPPED BY.

WILLIAMS, HUMBERT & CO., JEREZ DE LA FRONTERA.

Agents:-

SPAIN.

A. S. WATSON & CO., LTD.

Wines & Spirit Merchants.

CEE PEE WARE

Charming DECORATIVE POTTERY in shapes and colourings which are so popular to-day on account of the beautifully blended colours which add a note of individuality to any furnish- ing scheme.

MANUFACTURED IN THE HEART

BRITISH POTTERY CENTRE.

CROCKERY & GLASS DEPT.

THE

LANE, CRAWFORD, LTD.

G. FALCONER & CO. (HONG KONG LTD.) WATCHMAKERS, & JEWELLERS, DIAMOND MERCHANTS

UNION BUILDING (opposite (.P.9)

Agents for ADMIRALTY CHART

ROSS BINOCULARS I TELES KELVIN'S MAIZICA

ENGLISH SILVERWA

High Class H

The China Mail

Finety

Year of Publication

tributeSix

finance will

the

Five

Year Plan for Kwangtang vince. It is a plan that has been worked out in the closest detail,

Wyndham Street, Hong Kong places the greatest emphasis.

Telephone 20022.

upon developments of a produc- London Office:

tive nature, and promises hand 7, Garrick Street, London, W.C.2.

some returns. It is a plan, too, Notice To Contributors.

in which Hong Kong naturally takes the keenest interest, far All communications, intended for more than it does or would in publication should be addressed to similar projects in other parts of the Editor, and be decompanied by China At first glance, much in the Writer's Name and Address, the complete scheme may ap not necessarily for insertion but pear detrimental to Hong Kong s as a guarantee of good faith.

Subscription Rates.

One Year

6 Months

Months

HK$36.00 #K$18.00 HK$3.00

Postage Abroad Extra

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commercial interests. The long view must, however, be that a prosperous Kwangtung with a higher standard of living can only be beneficial to this Colony. There is every reason to hope that the greatly improved rela tions between Hong Kong and

Hong Kong, Monday, March 1, 1937. Canton will continue, with the

BRITISH FINANCE IN CHINA.

liaison based upon mutual under- standing and reciprocity. It is not being cynical to suggest that the practical assistance promised

as witness the impending ar rival in Canton of Mr. Kirk- patrick, the British Govern- The Hon. Mr. J. J. Paterson's ment's commercial credit adviser will also contribute comprehensive review of Far in China, Eastern affairs at Saturday's to the spirit of goodwill and meeting of shareholders of the closer collaboration.

Hong Kong and Shanghai Bank-

ling Corporation, struck a more Hong Kong In The Air

optimistic note than the Bank's

chairman has found it possible to No sooner have we thoroughly sound for several years past. digested the fact that Hong China is climbing rapidly out of Kong has become the terminal the depression, an important and of two important air limes steady improvement in condi- that of Imperial Airways linking tions, politically and economical- the Colony with Penang and ly, has been achieved, the signs therefore with the long Empire of recovery are clearly apparent route to Australia, and that This

the substance of the China National Aviation the Bank's analysis of the Corporation which connects Hong present situation, and while a Kong and Shanghai - than more note of warning is occasionally surprising aviation developments struck, particularly with refer- have appeared on the horizon. ence to the need for a balanced Newest plans for expansion of budget and the reorganisation of air travel are a Zeppelin route to the Central Bank as an indepen- the Far East, and extension of dent central reserve institution, Imperial Airways service to the the main conclusion, that the Philippines. The former imme- outlook is brighter remains un-diately strikes more boldly upon affected Special reference was the imagination, though there made by Mr. Paterson to the is no likelihood that the Colony splendid work of the Customs Ad-will see any of the famous Ger- ministration. He points out that man dirigibles for at least an it has succeeded, in the midst of other three years Four new much political confusion and un-zeppelins, of a type whose relia warranted interference with its bility and safe possible doubt, have been legitimate functions, in maintär-proved beyond all

rans

ing the authority of the Casare to be constructed to open toms Inspectorate, a fact which new airship routes. A few years has materially contributed to ago the idea would have been re- foreign confidence in China in garded as fantastic but the many the investment field. Last year, voyages these huge craft have indeed, was one of the most diffi- made across the Atlantic in all cult through which the Customs weathers prove that the project has had to pass, and, as Mr. is entirely feasible. Paterson pointed out, the an- Closer at hand, is the air ser- nouncement that its revere vice to Mama, which will figures were $9,000,000 up on the a double link with the year came as a considerable sur service to California, i neg prise. This year even better re-tions in progress are succe sults should be shown. The re- another uninterrupted cent improvement in the pur-to England will be oper chasing power of the people, the proceeding on leave,

a regular result of bumper crops along the lishment of

vice is but Yangtze Valley and elsewhere, Atlantic should have a favourable effect of months. upon revenue receints and enable the Government at Nanking to stimulate its development ac tivities, and thus hasten the pace of national economic recovery. There, in internal rehabilitation on a grand scale, lie the highest hopes for the future. What has been done up to now 18 WORK some magnitude, but of the whole, it remains a small part. The chief port of note is that the results are sufficiently en-Just think, couraging to show the way for conduct a modern the future, not only for Chinese tra in the Holy City, the

for foreign three gry

Where

TODAY'S QUOTATIONS

MOVING BACKWARD-

world is compass. It t ward, but actual ckward at top Murray Butlery

HIGH POINT:

viest momen

been

have been able

-Arturo Toscanin

oncert