1933-10-20 — Page 9

NATIONAL RECOVERY

PROGRAMME

Tending To Become More

Radical

IMPORTS OF SO-CALLED

MEDICINAL LIQUOR

"Washington, Oct. 19. to spend same immediately in There is every indication order to stimulate trade. It is that the National Industrial Re- | believed that the recent check

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HONG KONG DAILY PRESS, FRIDAY,

U.S. INDUSTRIAL

ARIYOSHI IN PEIPING

To Confer With Huang Fu

DICTATOR

General Johnson's. New Order

Washington, Oct. 18.

NO new productive machinery may

be installed in the American

Peiping, Oct. 19. Count Ariyoshi arrived at cotton textile industry without the 8.48 p.m. and expects to spend permission of General Hugh Joan about a month here during

OCTOBER 20, 1933.

LOCAL GIRL HONOURED

Asked To Inaugurate New Ferry

Nanking, Oct. 19. MISS Yeung Sau King, who has ming at the

distinguished herself in swim- National Athletic

COLLECTION OF OIL TAX

Petition For Post- ponement Granted

(From Our Special Correspondent;

Canton, Oct. 19. Collection of oil tax is post-

FANG'S TROOPS

Now Serving In Regulars

Peking. October 19. The latest Chinese reports state that General Fang Chen-wu ar-. rived in Tientsin last night, but his abode there is being kept a strict secret

son. National Recovery Adminis-which time he will confer with rate the new Nanking-Pukow ferry poned to October 23, and be. General Fang's former command

Meet, has been invited to inaugu- trator, according to regulations dealing with industry which he has Huang Fu regarding the sino-ing a bottle of champagne-Reu- tween

at Pukow on Saturday by break- Just approved.-Reuter.

가

AMERICAN BUSINESS

LEADERS

Washington, October 19. The Federal Trade Commission

announced that they were starting an Investigation Into the size of salaries of American business leaders.

"The Commission sent a ques- porations requesting returns by

covery Administration is tend-on business is the reaction And The Money They Draw! ing to become more radical and from the artificial boom early capital is likely to be con-in the summer. trolled in addition to wages, Employment shows a real prices and production. Busi-improvement, and the Secre- ness men's criticisms that tary for Labour claims that capital cannot be employed 620,000 workers were reab- owing to the uncertainty and sorbed during the month oftionnaire to two thousand Cor- the new legislation of control. September, this representing October 23, with the salaries of ling, fresh issues are countered the sixth successive "monthly all officials in companies with a by a statement that the free increase, while the number of capital exceeding use of money no longer per-workless has been reduced by mitted this, and.

2,700,000 encourages

since March. the belief that financial houses, Weekly pay rolls have in the Stock Exchange and Pro-creased by sixty-four millio duce Exchanges will be sub-dollars.

jected to the drastic regulation. The lighter side of the Re- Meanwhile the figures gather-covery Prograinme was reveal- ed by the conference statised by President Roosevelt's rians show that the increases embargo on imports of so- in the distribution of manufae, çalled medicinal liquor, reject: tures during September wasing the proposal to permit im 'less than the seasonal total, portation in bond until sales while the value of sales was were legalised, probably on

declining by ten per cent as | December "12. compared with 1932.

Merchants sought permis- An energetic buy now" sion to import three million campaign is now proceeding to gallons of medicinal liquor combat this decline. Edison's for Christmas trade.' The in New Jersey gave each em-embargo costs in revenue totals ployee five dollars over their twenty million dollars. weekly pay with the injunction Reuter.

BANKS SCEPTICAL

New York, October 18. Following the recent authorisa- tlon of the Reconstruction Finance Corporation to buy capital "notes or preferred stock from banks to lend to business houses, the Clear ing House Banks in the United States have announced that they will sell the Corporation US. $200,000,000 worth of such notes and stock, although they do not belleve that they can profitably use the funds thus acquired

They declare that they are act- ing on the grounds of patriotism rather than necessity-Reuter:

COTTON ASSOCIATION

DEMAND

New Orleans, October 18. The American Cofton Co-Opera- tive Association has demanded 15 cents per pound for cotton as soon as the 1934 acreage reduction is completed..

2.

RESTRICTION OF IMPORTS

Washington, October 18.

An order, directing the United States Tarif Commission to "in- vestigate and recommend what imports should be restricted. In order to prevent alleged jeopard- sing of the domestic price level. has been drawn up by an execu- tive," and now awaits President Roosevelt's signature.-Reuter,

dollars.-Reuter.

one million

WILL FRANCE GO

OFF GOLD?

Latest Ruomur in New York

Rumours spread through the ex-

New York, Oct. 18.

change market to-day that France is likely to abandon the

gold-standard in the near future.

This was responsible for a con- siderable weakening of European

The franc opened at 5,80 and closed at 5.52, while sterling fell from 4.614 to 4.303.--Reuter,

currencies in relation to the dollar,

DISARMAMENT PROBLEM

Taking Great Interest

King

London, October 18"

took plaec to-day and it is under- A full meeting of the Cabinet

tion was fully considered in the stood that the disarmament ques- light of recent events.

At the conclusion of the meet- ing, the Foreign Secretary, Bir John Simon, left London for Sand- ringham having been summoned by the King to give an account of the developments in connection with the Disarmament Conferece,

Demand for Recognition."

Pittsburg, October 19." The settlement, of the strike in the coal mines has now come be- fore the head of the National Re-British Wireless, covery Administration,

General

Hugh, Johnson, and President Roosevelt, following the breakdown of the "conference between the United Mine-Workers Union and the Frick Company.

The latter are refusing the Union's demand for recognition.— Reuter.

may dump 2,400,000 bales of cotton

It is asserted that unless the on the market soon because they price is advanced, 660,000 farmers' direly need the cash-Reuter.

Confidence

is not permanently attained by flaring ad. ́vertisements which unscrupulously promise more than they can keep, but can only be achieved through the quality of a product. Do not listen to persuasive words to buy preparations from an obscure origin. Do not forget that your healthis endangered. Place full confidence in a product which has been found very useful for more than 30 years.-----

Bayer's

Aspirin

BAYER

BAYER)

does not harm, heart or kidneys, is en- tirely innocuous and will also quickly help you to overcome coids, fever, influenza,zheumatism,hondauheetc.

Each original packing and tablet bears the well-known trademark the "BAYER CROSS"

Beware of imitations!

BRITAIN MUST TAKE STOCK

Of

Her Naval Strength

London, October 18.

The nation must begin to take stock..of its defence position and consider whether, in the light, of recent events, it is maintaining its naval strength in accordance with its policy.

were

These Warning words sounded at Shefeld to-day by Ad- miral Sir Erale Chatfield, the First Sea Lord.

He déclared that the Navy was never more efficient than it was to-day and never more zealous.

He pointed to recent naval de velopments such as a reduction

Japanese situation in Northter. China.

PELDARAARAL

MRS. HADLEY'S SENTENCE

No Hope For Remission

Shanghai, Oct. 19. The Evening Post" de clares that Mrs. Hadley is not likely to appeal against

the sentence, partly owing

to lack of funds..

The Judge, in passing sen- tence, stated that he could not see any reason whatso ever why she should not pay the supreme penalty and that there ground for interference with the course of the law on his part.

Was no

I cannot hold out any hope for a remission of the sentence, he concluded:- Reuter.

D

LONDON STOCK MARKET

British Stocks Remain

Fir

London, Oct. 18. .. AN underlying strength of the

market has been demonstrat- ed in a remarkable fashion by the steadiness played on the London Stock Exchange during the period of political uncertainty caused by Germany's decision announced on Saturday.

There has been a marked ab sence of large selling and no gen- eral quidation. Home industrial stocks to-day displayed renewed activity, and movements were in favour of holders.

اد

* Govt. Stocks Firm.

At the close, British Government Stocks were firm under the lead of War Loan 31 per cent. at 101 7/16 on investment buying. Jan

CANTON WIRE

||

LESS STATION

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More than 4,000, troops from

have been selected for service as regulars, and have left for Pao- tugiu for training. Another 6,000 have been disarmed and disband- ed.

now and that date petroleum, can be sold free from this new tax. The Oil Tax Bureau first imposed the 16, but oil merchants successed near the tax as payable from October

Chinese reports .assert that 4,000 troops belonging to General Tang, Yu-lin, who recently arrly- Great Wall, are Government troops

very active.

fully petitioned to put this off until noon of October 23. are reported to be closely watch-

After that day and hour, äll

Improvements To Be retail sellers have to pay a tax

Made

Canton, Oct. 19. Wave length of the Canton Broadcasting Station will be strengthened in order to reach dis- tant radio sets and to provide a

clearer and louder tone to nearby

reception.

Established six years ago, the

of three dollars national cor- rency for the sale of every ten

gallons (two tins) of petro-

ing their movements.-Reuter

CANTON'S„OWN ENGINE.

leum, and failure to render the Addition To The Fire Brigade tax will result in, the confisca- tion of the stock in addition to a heavy fine.

panics do not have to pay Leading foreign oil com

the tax direct to the Bureau,

equipment of the local station has but the money is paid by the become worn out and needs re-retail sellers when they buy pairs and replacement, which rethe oil from the foreign com. quire $18,000 Hong Kong currency.

As soon as this amount is appro- panies which are known as priated by the City Government, general agents." the repair work will be assigned to the Chan Wah Radio Engineering

out parts-Central Press.

Canton, Oct. 18. In harmony with the "Buy Chi- nese" movement. the Cantor Fire

is modelled after an improved pat Brigade has for the first time con- structed its own fire engine, which tam. As the fire brigade is under the control of the bureau of public on, the chief of police, ordered salety. Lieutenant General Ho

the fire engine to make a demon-- station yesterday morning.

Since the tax is paid only by Company, which will also use new the retail sellers when buying accessories to replace the worn-from the general agents, the latter are prohibited from sell- ing oil direct to the consumers. This new tax will yield a hand. some revenue to the Provincial!" Department of Finance,

REDS STARVING

Canton, October 19. According to 日 report from Changsha, several captured Communist officers stated that starvation in the Red camp is still acute. There is a scarcity of rice, oil and even salt. Wounded söldiers are sent back from the front, but nothing can be done to them owing to the lack of medi-

cal supplies."

Such state affairs exists in east ern Hunan close to Kiangai. Most of the Red troops receive no food for two or three days. Central Press.

Steadies Nerves!

anese issues advanced, and Ger- man bonds finished firm. South African Gold Mining shares regis-i tered substantial gains.--British "Wireless.

SILVER MARKET

(From Our Special Correspondent)

London, October 19. Following are the Silver Quota ttons on the London market to day:

Spot Forward

of fuel consumption by one-third since the war, and the remarkable improvements effected in torpedo-rate to-day boats and submarines.

A submarine on the Thames. he said, had been fitted with super-charged heavy oil engines which had developed. ten thou- sand, hörse-power, an unprece- dented achievement,

! Nevertheless, he thought that naval policy needed to be serious ⚫ly considered in view of recent

developments.-Reuter,

Oct. 19 Oct. 18 18 18.1/18 18.1/16 18:

The London' on New York cross

closed at £UB

4.50...

UNEASINESS IN SWITZERLAND

Geneva, October 18.. "The tension in Europe and talk NEW FRENCH TAXES

of war which has followed in the wake of recent serious develop- ments is causing cute uneasiness London, October 19, in Switzerland, Financial circles are mystided Military experts have long been by the heavy selling of French at the belief that in the event of francs from Paris last night, a war, Germany would be more causing a quick drop from 79.67 11kely to attack France through to 81.50, before closing at 81.1/16th. Switzerland than through Bel-

While there is talk of French gium.

abandonment of the gold standard, There are, in fact, reports in London operators are inclined to circulation to-day that Germany, associate the selling wave within the event of a war, is contem- the proposed new taxes in the plating a plan of action on these French Budget.

Alines.

It is also pointed out that the In view of this threat." it in orders to sell came late into the understood that a Bill will short- market, at a time when there is 1y be submitted to the Chamber usually little resistance. This is authorising the expenditure of a thought to have had an unsteady hundred million Swiss francs on ing influence.--Reuter,

special defences-Reuter.

They love Ovaltine

In

CANTON. WINS

Men's Swimming Title"

1

.the National Championships here to-day. Can- Swmiming ton captured the Men's champion- ship with Hongkong second, while Hongkong won the Girl's title, Canton being second-Reuter,

connected

The demonstration was found satisfactory, as the hoses were well and several strong to some 30 feet. This manoeuver streams of water were spouting up was considered satisfactory,

the

Chinese-made fire engine produc- ing the desired effect. Central Preas.

CHUNGSHAN LIBRARY

Canton, October 19. The imposing Chungshan Lib- rary was declared, opened to-day in an elaborate "caremany Der formed by Mayor Liu Chi-wen and attended by many prominent oficials.

A board of trustees will be in charge c. the library with Miss Wa Chih-mel as librarian. As ahe tarian is Dr. P. S. Wd, counsellor is not in Canton, the acting Hibs

of the Canton City Government- Central Press,

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a wonderful engine

that needs the right fuel to function efficiently

Every hour, every minute of the day and night, your body radiates energy, force, vitality, Awake or asleep, actively moving or passively at case, a ceaseless demand being made on those stores of energy," which are the foundation of the life within you. You must replenish those energy-forces with the best type and quality of body-fuel, just as a motor car engine needs the best petrol and oil. Give your bodily engine “Ovaltine". regularly. It will function smoothly for 24 hours a day.

+

mileage," more power No buman body-fuel

Ovaltine-will-give you more and speed on the flat or uphill. has so much creative goodness concentrated in it as. "Ovaltine." Beware of cheap substitutes, which are definitely not like "Ovaltine."

Every infantile, youthful, adult, middle-aged or old-aged body all the better for "Ovaltine."

OVALTINE

Jonic Food Beverage

THERE IS NO-SAFE · SUBSTITUTE - FOR OVALTINA