1937-08-10 — Page 17

RECRUITING FOR THE

BRITISH ARMY

SERIOUS FALLING OFF WORSE FIGURES FOR MANY YEARS

The serious falling off of enlist ment into the Regular Army is the first problem that will engage the -attention of Mr. Hore Belisha at the

of our army system will break down. A complete reorganisa- tion of the system will then be the only remedy.

War Office. In spite of the efforts Equipment without men is useless.

of the last two years, the number To reorganise any pay so that an of recruits joining has failed to efficient man can earn reasonable make good the wastage due to dis-wages as he does in the Navy and charge on expiration of time. The the Air Force will undoubtedly be figures for this year are likely to a big task. It is, however, neces- be the worst for many years.

sary.

LOCAL SHARE MARKET

Mr. Duff Cooper had a good deal of success in his campaign to draw attention to the needs of the Ter- ritorial Army. It is a fairly easy task to appeal to the patriotism of those in steady employment. It is not nearly so easy to attract men to a Service where conditions of pay are so low that a man drawing his allowance from the Public Assis-morning:— tance funds is a lot better off in the matter of money to spend.

Recruits for the Navy and the Air Force can be obtained easily. Conditions of life in these Services and the prestige which attaches to being a sailor or an airmen may have something to do with this, but the main attraction is that in either of these services pay is much bet- ter than in the Army.

Following is the list of changes and enquiries in local share quotations this

BANKS

Hong Kong Bank $1855 X. Div. b.

SHIPPINGTM

Douglases $4834 b..

Union Waterboats $9.30 b.

LANDS, HOTELS & BLDGS. Chinese Estates $90 b.

PUBLIC UTILITIES Peak Trams (Old)--$5 b. Peak Trams (New) $235. b. Star Ferries $85 X Div. b.

STORES, &C.

Wm. Powell, Ltd 40 cts.: b...

MISCELLANEOUS Constructions (New) 50 cts. b. H. K. Govt. 3% Loan 1% Prm. b. Wallace Harpers $5 b.

Stock

The reply of the Treasury to any suggestion that the basic rate of pay in the Army should be raised is that the basic rate in the Navy and the Air Force would have to Antamoks be raised at the same time. This is Atoks a perfectly correct answer from the Treasury viewpoint, and, indeed, is the only one they can make. It is not, however, the basic rate of the soldier's pay which needs attention.

Nothing For Specialists

3

All that is necessary is that the soldier should be given the same facilities as in the Navy or the Air Force for obtaining extra pay for special efficiency. In the Navy and Air Force specialists of all kinds draw.pay for their special work. In the Army the specialist draws practically nothing. His arm can be stiff with badges denoting special qualifications without any appar ent effect on his weekly pay-sheet

Tradesmen in the Army do, of course, draw extra pay, but the number of these ranks is compara- tively small. -.

Baguio Gold Benguet Explor Benguet Consol

Big Wedge Coco Grove Consolidated Mines

Demonstrations

E. Mindanao Gumans G'field

Ipo Gold

I X. L Itogons Masbate Consol Min. Resources Northern Mräng Paracale Gumaus Salacot Mining San Mauricio Suyoc Consol United Paracales

Opening

10:37

in Pesos

777

BANKS

THE CHARTERED BAN

INDIA

HEAD

38, Paid-up Reserve Fund.

Reserve Liability of Pro

prietors

OF

CHINA

NDON

3,000,000 $3,000,000

£3,000,000

Manchester Branch,

71, Mosley Street, Manchester

Agencies

Ale Bar

Bangkok. Batarin Bombay - Calcutta Canion Ceazpore Caba Colombo, Delhi

Esiphong Hamborg Harbour Harbin

"Bong Zong

Foro Exodange and Groseal Bys

Current

zwondead, for ons which will be.

The Bank's Hood Exsonice and

Deposita

BANKING CORPORA

000:0

00000-

$15,000,000

Reser

prietors

Liability

8,000,001

HEAD OFFICE

ONG.

BOARD

OF DIRECTORS,

Hon.

J. K. Bónstall, Ens.

LE

Sir Yandelenz M

&MOY

~LONDON.

LYONS FALADGA

MANILA

FERR PENANG (BANGOON

SAIGON SAN FRANCISCO SHANGREL SINGAPIERS SOURABATA

SUNGET FUSENI.

·ZURKO-

TSINGTAO.

FOFORMA.

urrant Accounts opened in Local Currency ant

terms, which may Apsucios” and

wah any of its

W. ROBERTS,

BONGKERWY

FPOR

Hong Kong, 1st January, 1935.

FORE

ROWE

MPUK

THE BANK OF EAST ASIA, LTD.

Authorized Capital: Paid-up Capital

Reserve and Undivided

Profits

7

which will be, quotes

$10,000,000:00 5,598 600.00

5.76

HEAD OFFICE) HONG-KONG_ 10. Der Vaux Bead, Central

BOARD OF DIRECTORS 2-0. 221 Eu Sir Shon-son Chaw, Chalemany Li Koon

Fong, Faq Cha Ching Shak, Esq., Beng, Esq.- Wong Chun Son, Esq. and Kan Xing To, Esq. Fing Ring Wah, Esq.

AND AGEN MEES

Kings-on, term,

BOXES L

HONG KONG SAVINGS BANK

The Business, of the abow Bank in coniectal by the HONG KONG AND SHANGHAT BANK ING CORFORATION... Prilazoaz. be- obtainer FOR THE HONG KONG AND SHANGHAJ BANKING CORPORATION

*GRAYBURK”

Hong Kong, 1st March,

THE YOKOHAMA SPECIE BANK LIMITED

20

10.25%

08

17

54

.023

51.

186

∙12/2

15

57

.64

19

19

06

:33

.02

105

27 70

and Fixed Deposits,

Bane

NEW YORK SHARE MARKET

on

THE WING ON BANK. LTD. Head Office: Hong Kong,

Des Voeur Road, Central. Authorised Capital $10,000,000

LONDON BA Westminster Baske

Foreign Exchange and cription of banking business.

counter opened. Mixed: Deposits:

• Current Accounts and Saving cerved at rates which will be quoted

Messrs. S. E. Levy and Co. have received the following reports In the last Army Estimates the yesterday's New York market:- soldier was told that he could not

Stocks:-Amongst Industrial is be given a rise, but that the sues, traders expect that the Allis- grievance of "stoppages," whereby Chalmers Manufacturing Company his pay, small as it is, is reduced, will earn $800 per share for the would be removed. This promise has second-quarter of the year. Steeled not been fulfilled. The benefit to reviews are optimistic with regard the soldier by the time the come to the outlook. Interest in copper plicated book-keeping arrangements shares is based on the rise in t on application. of the Army have done their work price of the metal and also on ex- is very small indeed,

The possible recruit is not im- pressed by the promise of better, barracks in a few years' time, nor is the question of foreign service the bugbear it is made out to be. The only real matter of interest is pay, the amount from the pay which can be allocated to the help of the soldier's family and the amount hely has over for his amusements

A Plain Issne

pectations spite of apprehe

good earnings.. In taking on possible Adminis-

upturn

ming more

adjournment

likely to accelerate

the ad- market

Safe

Hire.

Lanager.

COASTWISE

“ALGIE

We

still adhere to the view that lead- ing steel, copper, farming and chandising stocks are attrac the current levels. Business doner Belisha is a plain one. The Regular 750,000 shares.

The issue

bero

Mr. Hore

Army is necessary as "Keeper of

Rubber Sellers are withdrawing

the King's Peace" all over the Emon dips, while the quiet stat pire Unless men can be attracted picture is promising and

forward

into the Army în sufficient numbers the long-side. We would begin to to make good wastage and bring switch from September the units up to strength the whole positions.

PRICE $100

The Newspaper. Enterprise Ltd. Ching Mall Bulkding-

Capital (fully

Head Office: YOKO

£autom Dairen (Dasing) Fengtien (Maiden)

Hankow

Harbin Hoa Koa.

Honolulu

Hsinking

Karachi

Kobe London

Manila

Los Angeles

100,000,000

New York Osaka

eiping Rangoon

Rio de Jeneity San Francis Seattle

Semx

agkow

Interest allowed for Current counts,

Deposits received for firedt at rates to be tions

the

ANO