1933-06-16 — Page 12

Kowloon's Most Select Private

Dancing Academy. Every night

*

7.30 p.m.

till midnight.

We beg to announce the engagement of several new lady instructresses.... The latest dancing steps are taught. Private classes by special arrange- ment, otherwise practice dances held. every evening from 7.30 p.m. to midnight.

CASANOVA

PRIVATE Dancing AcADEMY. 30, Hankow Rd. (Ground Floor), Kowloon,

DUTCH EDAM CHEEES

NEWLY ARRIVED

Finest Quality, in balls of about 21⁄2 lbs. per ball HK$2.50

per 1 lb. HK$1.25

per lb. HK$0.32

Extra Fine Quality, in balls of 31⁄2 lbs. per ball HK$4.75

per

Ib. HK$1.40

per } lb. HK$0.40

FABADE,

St. George's Bldg.

*Phone 30460

Chator Road.

ANDRE'S

BEAUTY PARLOUR.

Kowloon

Branch:

Kowloon Hotel Building.

'Phone 56558.

Parlour: Gloucester Arcade. 'Phono 27973

nong Kong.

The And Effort

EXPERT

DEVELOPING PRINTING

IMPROVES

YOUR PICTURES

SUN KWONG KOWLOON HOTEL BLDG. KOWLOON

The

WANT ADS

VE YOUR

IME

LTD.

29, Hankow Road, Opposite Star Theatre, Kowloon, 'Phone 58828.

TAK L

DEALER IN

Curios, Porcelain, Chinese Paintings, Bronze and Jade. RARE CHINESE ART RELICS..

33, Nathan Road.

KING'S THEATRE

COMING SHORTLY I

THE FIRST GREAT

FILM FROM THE NEW GAUMONT-BRITISH

ROM

ESTHER RALSTON

STUDIOS

CONRAD VEIDT

EXPRESS

AND A STUPENDOUS CAST.

GRAND PREMIERE Saturday, June 17th at THE CENTRAL

THE EMINENT TENOR JAN KIEPURA

IN

TELL ME TO-NIGHT

ESENSATION OF FOKOPE GAUMONT-BRITISH SPECIAL

HONG KONG DAILY PRESS, FRIDAY, JUNE 16, 1933

LITVINOFF AND BOYCOTT

(Continued from Page

CHURCH NEWS

ANDREW'S CHURCH

KOWLOON

Services for Sunday, June 18. 1st Sunday after Trinity.

he greatest possible help to her own progress and provide & great new market whose potential con- suming power might prove a deci8.15 sive factor in effecting a real and -lasting recovery of the world as a

whole

He concluded by saying that while the Conference was naturally 'confined to discussions of problems

an economic and monetary ha ture, they actually linked problems of disarmament particularly the question of national security, and it was hardly possible to keep them separate in watertight com- We would indeed be partments.

lacking in sense and reality if we imagine the success for which we "ardently hope can be lasting if a satisfactory solution is not found also for problems of disarmament and security.

LONDON, June 11.

a.mi-Holy Communion,

10 a.m.-Young People's Sarvice And Primary Sunday School, 11 a.m.-Choral Communion and

Sermons

Preacher: The Vicar,

3 p.m.-Sunday School.

Prayer 6 p.m.-Evening

Sermon. Preacher: The Vicar.

BOWLS

AUSTRALIA'S UNEMPLOYED

Pioneering Preferred to

the Dole

Adelaide, S. Aust.-There have been many instances in South Aus alia during the period of econ mic stress when the unemployed, who are too proud to take the dole, have gone into the country done pioneering work.".

and

In the Kuitpo Forest, there are. and several colonies of workers taming the wilderness to make homes for their families. The only assistance the Government has given them is the provision of equipment, with Bali allowancee, but they are making good. The camp establish- ed at Kuitpo by the Central Me thodist Mission is on a fairly large scale but hard work is the first qualification for a permanent job. And the men are showing that they are prepared to do it, and be hap- py. In other forest areas there are camps of men clearing for future planting and receiving the basic rata.

KOWLOON CRICKET CLUB TEAM. FOR TO-MORROW

The K.C.C. team for Saturday against K.D.R.C. i

In the closing stages of today's plenary session of the Conference, M. Litvinoff said the Soviet would propose a resolution to supplement the economic truce by an under H. Gitting, V. C. Labrum, H. taking for the simultaneous suspen-Hampton, A. E. Silkstone (Skip). E. C. Fincher, J. Chadwick, J. sion in all countries of all legis Intive or administrative measures A. Howe, A. Hyde Lay (Skip).

H. Overy, F. Goodwin, T. of economic warfare.

M. Litvinott

was clearly Te gusson, J. Fraser (Skip),

The 2nd team has no match. ferring to the British boycott of Russian goods.

Ha hinted that Russia would shortly be placing large ordore abroad. provided long-term credit

could be obtained.

12

Debt Settlement.

"Dr. Eduard Benes, the leader of the Crecho-Slovakian delegation, speaking on behalf of the Little Entente Powers, said they regard ed the settlement of intergovern mental debts as a matter of the foremost consideration. He also in favour of the earliest pas sible restoration of the gold stan dard..

WAJ

Dr. Colijn (Holland) doubted whether the return to the gold standard was an ideal which was possible. He strongly urged steps to prevent wide fluctuations of currencies, but, he added, the stabilization of currencies would be doomed to failure if it was not ne companied by the free circulation of goods.

He joned Mr. Neville Chamber lain in advocating the abolition of shipping subsidies.

The adjournment followed after a short statement by Dr. Imredi, the Hungarian Foreign Minister.

Considered British Policy

(REUTER AND BRITISH WIRLESS. ]·

RUGBY, June 14. The British Government's con- sidered policy towards the whole range of the probleme before the conference was stated by the Chan. cellor of Exchequer, whose speech is to be issued as a Government Paper.

Dealing with the present jack of equilibrium between commodity prices and costs, he said: "It the view of the British delegation. the solution must be found by means of a recovery in prices.

Action in various spheres would Ve

fundamental necessary. The monetary conditon of a recovery of prices is that credit should be inade available by a policy of cheap money and that such credit should be actively employed. This, together with the revival of busi ness confidence, must form an in- dispensable background of trade

recovery.

Bank Action.

Central banks should, therefore, undertake, to co-operate with a view to securing the monetary con- ditions required for a rise in prices.

One of the most spectacular in stances of genuine independence of state relief is in the old mining Fertown of Moonta, 100 miles north

the view that the ultimate aim of monetary policy should be the storation of a satisfactory interas tional standard and there is doubt that the gold standard seems to be generally acceptable.

NO

The time when exchanges are at parity and ist which a return to gold could could safely be made, must fall to be determined by the proper authorities in each coun- try separately.

of Adelaide. This is by far a more ambitious "unemployment" scheme. Here is a famous copper district which, with Wallaroo adjacent, haa produced in its history of about 10 years nearly £21,000,000 worth of instal

But mining has become a bad proposition because of the low prices and the high ruling rate of wages. Idle miners.at Moanta saw thousands of tone of copper ore available for treatment and they decided to join in a co-operative scheme to revive the industry. First they agreed to accept wages of only a week, and to await After stating the conditions un the full payment of the ruling der which the United Kingdom schedule until production profits would feel justified in returning were obtained. It may be a long to the gold standard bo dealt with the abolition of exchange restrictime, because owners of the leases tions and expressed the hope that have to get their share, "royalties the conference would take positive have to be paid and plant and notion to overcome the exchange equipment maintained. difficulties which have given rise to those restrictions.

Frice Level Infuence.. Rises in the wholesale prices of foodstuffs and raw materials and an increass of world trade would contribute powerfully to reduce these difficulties and would assist in bringing to an end both the standstill arrangements in respect of short term debt and the transfer difficulties as regards external in debtedasss as a whole. :

These exchange and transfer dit ficulties would also be greatly diminished by resumption of normal international lending.

Indeed a revival of world trade depended largely upon the renewal of the international flow of capital and every effort should be made to restore the stability and con- fidence required to render this pes- sible.

Tarik Walls.

Referring to the growing ob- stacles to international trade, he expressed willingness to examine the proposal for attaining a reduc- tion of excessive tariffs by multi- lateral action.

to

But the men are prepared wait. The Federal Government; impressed by their attitude and the possibilities of the industry, has made grante of about £30,000 to equip the mine and get operations started. The State Government has helped, too, and the whole of the work is being supervised, by the Department of Mines. Between 60

70 men or with their depen- denta, a little community of about 260 people, are depending upon the success of this gallant venture.

Recently, Sir Herbert Gepp, the consultant on development of the Commonwealth Government, visit- ed Moonts and reported that he was confident of the outcome. The Electrolytic Refining and Smelting Company of Port Kembla, New South Wales, has agreed to treat the ore on a favorable tariff, and to purchase the product, which is peculiarly suitable for manufactur- ing purposes owing to the absenc

56 of deleterious ingredients. everything points victory for the men. And if the price of metals advances well-as some anticipate- profits will come much sooner than expected.

It is estimated that there are 35,000 tons of copper ore already available for treatment, and that Any such proposal, must be effer approximately another 20,000 tons tive in securing really tangible re-await exploration. This should ductions of excessive tariffs and provide work for between three and

commend A sufficiently four years. must

Sir Herbert Gepp says he is generat measure of support and cover a wide enough area not to hopeful that the system applied to impose upon the low tariff countries the Moonta enterprise will be ex disproportionate sacrifices

"The and tended to other industries. must not havo' injurious repercus solution of the unemployment pro sions or lead to tariff wars or other blem wants speeding up." he urged economic hostilities:

at a civic function at Moonta..

Bilateral Facts,

In the United Kingdom's view, In order that their action may the reduction of customs tariffs have the desired effect, the policy

of cheap money should be clearly can best be achieved by a series of announced and vigorously pursued bilateral agreements, which the Experience in recent months has conference should do all in its These agree shown that cheap money, in itself, power to promote. may not be enough to achieve the ments should be valid for at least desired end rapidly unless means the years to come, With this aim are taken to ensure that, the credit in view commercial treaties should made available is actively employ not be terminated before the tariff ed. The question of whether gor negotiations are undertaker and ernments can actively assist, in then only after every effort has this matter by schemes of govern- been made to teach

WATER POLO

China Navigation Co. Ltd.

SPECIAL REDUCED FARES TO WEI HAI WEI, CHEFOO & TIENTSIN.

During the holiday season special "B" Class Saloon accommodation will be available to Wei Hai Wei, Chefoo and Tientsin, in at the the newly commissioned s.3. "Hunan" and "Hoihow' following rates:—

To Wei Hai Wel & Chefoo To Tientsin

$75.00 $100,60

Seri

Sallings from Hong Kong approximately every ten days For further particulars apply to Messrs. Thomas Cook &

· Ltd., The American Express Co., The China Travel Service, or The Agents :--

BUTTERFIELD & SWIRE

Telephone 30331.

KING'S THEATRE

STARTING SUNDAY, 18th INSTANT. SPECIAL ADDED ATTRACTION ! At 2.30, 6:10. 7.15 and 9.30 P.M.

BUSTER DUNSON

&

THE GARCIA SISTERS

in

SPECIALITY DANCES

KALMA

and

THE AMERICAN COLOURED CROONER.

PRICES AS USUAL.

COMFORTABLE

&

ASSURED

SATISFACTORY SERVICË

BY

NEW MOTOR COACH SERVICE

THE CHINA MOTOR BUS Co.

FLOOR A. P. C. BUILDING

NGAN SHING KWAN

Managing Director

HONG KONG

NAVY BEAT UNIVERSITY

The water-polo match between

......

Royal Navy and the University which took place in the Y.M.C.A. bath last evening resulted in win for the former by 3 goals to

2.

The game between C.B.C. and the young Companions Association was called off as the former did

mental capital expenditure will negotiation. Veements by not turn up

also require consideration. The

Proceeding, heaid the United United Kingdom delegation will be Kingdom degelation are strongly very ready to examine, with other in favour of the progressive aboli delegations, how far ourployment tion of all arbitrarily imposed

quotas can be stimulated by such action.

Exchange.

Referring to the great linportante

Quota Systems,

In view of the disastrous, slump

to international trade of the stabil-in prices, the British Government

ity of exchange rates, he said that are themselves engaged in promot that must necessarily be attempted

MILLINGTON, LTD. LOSS ON YEAR'S WORKING

Shanghai, June 9.-The third an nual general meeting Messrs. Mil lington, Ltd., was held at Shang hai, yesterday, Col. M. H. Logan who was in the chair said: It is with auch regret that the directors have to report a loss on the year's ing the regulation of the supplies working amounting to Tha. 28,341:00, of several food products. They Of this Ts. 19,528.87 is-on Shang in two stages.

The immediate objective should would be prepared to co-operate in hai account and Tis. 2,812:12 on be to secure approximate stability the regulation of wheat supplies Hongkong account. The main res between the currencies of the prin and the supplies of otlier, foodstuffs, son for the less in Shanghai wak cipal countries of the world which on the part of the principal food the unfortunate Sino-Japanese' con- would be achieved in so far as the exporting countries with view to fict in the early part of the Year.

maintaining Owing to the actious dislocation principal countries used their 3re restoring and

rices.

business during this period, sources to counteract fluctuations in reasonable leycl

cancelments and bad debts were the value of their currency caused

increased to the very large sum al by temporary mpyements of capital

Tls. 02,510.61, which is double they rather than by fundamental sOOND

normal figurë mic factor!

Sad The first stage nhould be dealt with immediately,

Gold Standard.dk

Court. Regalia

Solicitór fendant al

As regards the "econd stage, the United Kingdom delegation endorse has

As regards the Hongkong office The de Fowing to the unsatisfactory managed his ment has not been placed in other zith· ids and have confidence ads lity of Mr WC. Clark who about: 10

charge and we hope tosi the one he

improved results.

Hong Kong Weekly Press.

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