1931-12-15 — Page 1

Page

OK, SAUCE

Served in the best places.

Library, Supreme Court

Hongkong Daily Press.

ESTABLISHED JAK

Registered as a Newspaper-at-the-Gene Post Office in the United Kingdom

T

NOTICE

We have removed" to GLOUCESTER BUILDING (South Arcade).

N. LAZARUS

·Ophthalmic Opticians..

No. 22998. A MAG** HONG KONG, TUESDAY, DECEMBER 15, 1931. x GЯ Price Single Copy, 10 cts.

EVERY DAY

%...

RED LETTER

DAY

if you know the right whisky

DIARY OF LOCAL | AMERICA'S HOPE OF

EVENTS.

TO.DAY.

(December 18.)

BETTER TIMES.

Ratpry Club Tiffin at Lane, Craw HER DRASTIC POLICY OF DEFLATION.

ford's, 1 p.m.

*

Opening of the Aberdeen. Dam by

is Excellency the Governor, 3.30

41

Whist Drive at St. Patrick's. Club, Carden Road, 9 p.m.

Queen's Theatre : The Great

1 Lover,

World Theatro: Love's Identity" Part II (Chinese film).

11 12

13

14

15

16

bes

17

18

19

see that you order DER LETTED whisky

Sote Agents:

CALDBECK, MACGREGOR & CO., LTD.

(Incorporated under the Companies' Ordinanoss of Hong Kong). Prince's Building, Ice House Street.

Tel. 20075.

HONG KONG, CANTON AND MACAO STEAMERS.

JOINT SERVICE OF THE HONG KONG, CANTON AND MAGao STEAMBOAT CO., LTD., AND ÜHINA NAVIGATION CO., LTD.

W

HONG KONG-CANTON LINE. SAILINGS From HONG KONG-Doily at 9 a.m. ad 10 p.m...

(Sundays 10 p.m. only),

BAILINGS From CANTON-Daily at 8 am and 4.30 p.m. (Sundays 4,30 p.m. only).

HONG KONG-MACAO LINE. ·

נן -

SPECIAL SERVICE.

ל

BAILINGS From HONG KONG-Daily at 8 am, and 5.30 p.m.

(Sundays 9 a.m. only). SAILINGS From M AOA ( Daily at a 5.m. and 2,09 p.EL

(Sundays 4 pm, only).

EXCURSION TO MACAO:-

ON SUNDAY 20TH DECEMBER, 1931.

8.8. **SUI TAI”

will depart from the Company's "Wing Lok Street Wharf st. 9 s..

and from MIA at 4 p.m. SPECIAL SALOON FARES.

WHEK DAYS-Single: $3.00. Return: $3.00:

SUNDAYS and EXCURSIONS.--Single: 32.50; Return: $4,00. Nor All Steamboat Company's Steamers are Atted with Wiraleas,"

Star Theatre; "Golden Calf.”%

PLANS FOR REDUCED COSTS OF PRODUCTION.

BY ANDRE GERAUD^"^(“ PERTINAX”),

THE FAMOUS FRENCH PUBLICIAY OF INTERNATIONAL REPUTA-, TION, WHO HAS JUST REJERNEL TO ENGLAND, FROM A VISIT" TO THE UNITED STATES.

United States; the banking system has not yet been made McCure against untoward developments.

King's Theatre: "East Lynine.". The whole of "America lives with cial and economic structure of the Central Theatre: Manslaugh-the hope that the worst of the Ton Dance at Hong Kong Hotel;

·funncial and economic depression Dinner Dances at Hong Kong has been already experienced, and Ilotel and Peninsula Hotel.

that before long an improvement European Mail:--Outward: vill occur in business. Europe win Siberia. (Cracovia) 14,30

(2.317.

WEDNESDAY.

*December 18.)

Ember Day.

Hockey Hong Kong Club Police (King's Park) P. F.K.S.R.A. Radio Sports Club

Marine Ground); 5 p.m. Fanling Hounds Meet (Sheung shui), 3:15 p.m.

Queen's Theatre: The Great Lover."

World Theatre: "Be Yourself."

If some people are to be believed, an industrial agricultural, and commercial revival, has been in progresa for some weeks, more or less, under the surface.

Lately, as I happened to spend

ten days in New York, I had thei

However, the troubles which are in prospect ought not to be ex aggorated. The great banka in New York and 'sewhere are safe a succesful effort has been made to increase the liquid part of their asscts), and it must be kept in mind that 40 per cent. of all the deposits

in existence are in their hands.

opportunity of discussing the situa- Only the small banks, which tion with many leaders of grent |

literally swarm throughout the banks and corperations. What

country (over 20,000 of them can be fellows can be taken as an accurate counted), seem to rest upon, shaky

foundations. summary of their views.

Of late years many They do not admit that the dollar of them opened, as an addition to currency wILS. ever in serious dif. their commercial departments of ficulties. "Of course, it cannot he the ordinary type, a “saving" de denied that, from September 20partment which, as a result of de onwards during six weeks the acient public control, has not been Africa Federal Reserve system lost to European countries, about 8731,000- Hong Kong Philharmonic Society presents Miss Hook of Holland,00. But they point out with some Theatre Royal

Star Theatre: "Rough Romance" King's Theatre: East Lynne." Contral Theatre: Sparks."

Tea Dances at King's Restaurant and Hong Kong Hotel Dinner Dances at Repnlar, Bay Hotel and Peninsula Hotel..

Police Recreation Club Dance at Lane, Crawford's Restaurant, 8 p.m.

THURSDAY.

(December 17.)

Helena May Institute Concert, Children's Play. "

Hong Kong Philharmonic Society presents, Miss Hooit of Holland, Theatre Royal.. 9 p.m.

World Theatre: Be Yourself."

pride, that on the basis of their gold reserven as in existence on October 28; they were still in a position to open additional credits up to $2,300,000,000, and that an-1 other milliard dollars could be transferred abroad without the legal gold cover provided for by legislation being axitously impair- .ed.

It is true that no monetary as-i tem in the world, no matter what ita strength might be, would be able to resist the continhona pres

conducted in accordance with the rules apccially enforced upon ra- gular saving banks. Thus, huge suma: which can be claimed by the owners,

vested in real estate and agricul on "very short notice, have been in

tural mortgages

In order to rescue these institu- tions out of a perilous impasse,

Credit Corporation 17 was called into existence a few weeks ago, on President Hoover's initiative, I found that some criticism w&B' directed against it, and that doubts were expressed about the successful performance of the duties assign- ed to it.

HELP WHERE NEEDED.

Reserye district (there are twelve To begin with. in each Federal

Queen's Theatre: Oh. Sailor sure brought obbut by millions of of them in the United States), the Behave."

hoarders. But, as a matter of fact, advances made to the banks which claim relief cannot exceed the sharo during the last two weeks hoarding of the Credit Corporation's" Star Theatre: On Your Back,han born on the decline, as can be capital which was subsoribed in Contrai

Theatre: "Africa

son from the reduced number that particular district, unless the Speaks."

King's Theatre :

of banknotes now in circulation und banks are willing to give Daddy Long Therefore, the danger eng!

their full guarantee. be re-econd place, any bank which aske garded as gone.

for assistance must, as a frat neces Tia Dance at Hong Kong Hotel Dinner Dances at Hong Kong Hotel

sary step, part with all its eligible and Peninsula Hotel.

paper (that is, with the commercial bills and the securities which can be accepted for discount by the

Legs.

European Mail:-Outward: Europe in Siberia (Empress of Russia) 6 p.m.

BIG BANKS' DEPOSITS..

As things are to-day, a weak] banks of Federal Reserve). point can be detected in the finan

In the

(Continued on Paige 10.)

10

Per Month, $3.

DAYS TO

CHRISTMAS

A

DON'T DELAY

DO

YOUR

CHRISTMAS

SHOPPING.

EARLY.

OUR DRAUGHT ALE

(STEEL COULSONS)

STANDS UNCHALLENGED NOW TRY

OUR DRAUGHT STOUT

FROM THE SAME REPUTABLE FIRM AND SOLD IN

THE ST. FRANCIS HOTEL

UNCHALLENGED FOR

"INTEGRITY AND COMFORT.

WE HOLD EXCLUSIVE SALES RIGHTS FOR STEEL

COULSON'S IN HOTELS IN HONG KONG.."

INSIST ON STEEL COULSONS.

GOLFERS

FOR AN

ANNUAL PREMIUM

OF $10.00.

THE

OCEAN"

GOLFER'S

'POLICY

WILL PROTECT YOU AGAINST,

THIRD PARTY CLAIMS, BREAKAGE AND LOSS OF CLUBS: LOSS OF PERSONAL EFFECTS.

Apply to:

THE

OCEAN ACCIDENT & GUARANTEE CORP., LTD,

HONGKONG BANK, BUILDING.

Telephone 29011.

Chief Agents-Messrs. GILMAN & CO., LTD.

LANE, CRAWFORD, LTD.

King's

Restaurant

To-day's Tiffin

$1.50 /

Oyster Ohowder

Fried Fish, French, Potatoes

Veal and Ham Rissolo

"

Fan Kei Kai Fan

Roast Venison and Guava Jolly

Madras Curry and Rice

Roast Potatoes. Boiled Potatoes

Frist,

Stowed Carrots"

Raijin and Apple Tart,

-- Custard Sauce

Toa or Coffe

RESTAURANTS.

Tea Dances

every

Monday

from 5 till 7

in addition

Wednesday, Friday, Saturday

and

Sunday.

Exchange Restaurant To-day's Tiffin

$1.50

Scotch Broth

Grilled Soapper, Parsley Butter

Minced Turkey with Potatoes

Grilled Veal Chop and Chips

Roast Pheasant, Bread Bauce Fueng Chau Chow Fan *H **.

Boast Potatoes. Boiled Potolom,

French Bean

Apple Pudding

Fruit

For indoor photos

use

Agfa

FLASHLIGHT-

REQUISITES

Flashlight Capsules Flashlight Powder

Flashlight Lamps

JUPITER-HOME-LAMPS

with 500 watt Nitraphotlamp,

→Type I: small and handy

Type II with special large

reflector.

parkoulars ask your dealer Prines's Building, Chater Bond.