1934-03-13 — Page 1

MAS

DELICIOUS

O.K.

SAUCE,

LOCAL WEATHER FORECAST :—S. AND S.E. WINDS, MODERATE.”“

Library, Supreme Cou

Hongkong Daily Press.

Registered as a News paper at the Gabers!

Post Office in the United Kingdom.

ESTABLISHED 1857

No. 23589. XOGĦÐñO BN#Яƶ HONG KONG, TUESDAY, MARCH 13, 1934. XĦM

We have much pleasure. in announcing

الو

we have been appointed Sole" Agents

for the famous English Champagne

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The Wine that baffled the Champagne Experts.

A SHIPMENT HAS JUST BEEN RECEIVED.

A SPLENDID WINE AT A LOW PRICE.

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Prince's Building.

Telephone 20075.

HONG KONG, CANTON AND MACAO STEAMERS.

JOINT SERVICE OF THE HONG KONG, CANTON AND MACAO STHAMBOAT CO., LTD., AND CHINA NAVIGATION CO., LTD.

HONG KONG--CANTON LINE. SAILINGS From HONG KONG-Daily at 8 am and 10 p.m. (Bundays at 10 p.m. only).

SAILINGS From CANTON Daily at 8 am. and 4.90 p.m. (Sundays at 4:30 pm. only).

HONG KONG-MACAO LINE. SAILINGS From HONG KONG 8 a.m. and 5.30 p.m.

(Week days only).

.

SAILINGS From MACAO-3 am and 3 p.m.

(Week days only).

EXCURSION TO MACAO SUNDAY, 18g MARCH, 1934

S.S. “SUI TAI”

will leave Hong Kong at 9 a.m. and Macao at 4 p.m.

SPECIAL SALOON FARES.

WEEK DAYS. Blagle: $2.00; Return: $5.00.

• EXCURSIONS.-Single: $3.50; Return: $4.00.

Not All Steamboat Company's Steamers are fitted with Wireless,"

GUARD YOUR THROAT AGAINST WINTER ILLS

by taking

EVANS'

ANTISEPTIC THROME,,

Pastilles

Made to a formula of the Liverpool Throat Hospital.

H

London Air-Mail Letter CHINA'S

A Different System: A Conservative Victory: Lord Rothermere's Goal: Shanghai Electric's Domicile

(Special Air-Mall Harvice) ·

London. February, 20 He demanded a sufficient, els | JAPANESE REVUE FOR LONDON | ficient and contented Navy," ad

Mr. Cochran, I learn, hopes to equate air safeguards, "protection arrange for the famous Shochiku for agriculture so that more food Revue to visit London in the au- can be produced in this country." tu.

and extended protection for in

These are the doctrines of true Conservatism. They are που "National" doctrines Bir Roger Keyes condemns the London Trea- ty which is also to Mr. Mac Donald's mind, a véry un-National thing to do.

If the project materialises Idustry. predict a theatrical novelty such as we have not enjoyed since the Russian Ballet Arst came here.

The company draws on Japan- ese art of all periods. One of the things that impiussed me when I saw it was the Occidental type of beauty affected by the revue girls in the modern numbers the brightest stars of Nippon's amuse- ment ́Armament, as a Japanese but it.

They looked; indeed, far more European than many of their sis- ters on the London stage.

"A DIFFERENT SYSTEM The margin system in Wall Street works differently. Instead of paying the full cost of his purchase the buyer puts up in gash 25 per cent to 33 1-3 per cent, the remainder is financed by his broker or banker.

If the price of his stock falls from $100 to $75, and he has put up a margin of 25 per cent, he either has to put up more margin, that is, cash, or submit to a forced sale. In that event he is ilable for any loss incurred.

to

Under the proposed legislation no broker or banker will be al lowed lend any client more than 80 per cent. of the lowest price at which the security has sold during the three preceding

years, or 40 per cent. of the cur- rent market price, whichever is higher.

This means that the margin a buyer of stock will in future have to put up is raised from, 25-33 1-3 per cent. to 80 per cent. of the current market value. STOCK EXCHANGES HERE AND IN U. S.

The marginal system of trading on Wall Street is rather ilke the hire-purchase system. A man can buy more stock than he can afford to pay for in full at any given moment.

SE Roger. I understand, dec- Bried courteously but firmly an offer that Mr. Malcolm Macdonald should speak on his platfrom.

LORD ROTHERMEKE'S GOAL

I

Leader

General Manager

KING'S RESTAURANT

EXCELLENT MEALS & CATERERS

ENTERTAINMENT BLDG. TEL. 24948. HONG KONG.

Single Copy, 10 cts.

日叁拾月叁年肆卅佰玖仟登英 Price. Per Month, $3. -

CURRENCY

W:

PROBLEMS

To Be Studied By C P. C. Committee?

Nanking, March 12.

A proposal to create a commit- tee to study currency problems will be submitted at a meeting of the Central Political Couneli on Wednesday, stated Wang Ching Wel when Interviewed by Chinese Press representatives this morning. ratincation of the Silver Agree- adding that China's qualifed

ment, as decided upon by the Legislative Yuan on Friday, will Washington shortly. Reuter. be promulgated and forwarded to

positions without any voice from London interests. In such cir- curnstances ∙it. seems virtually On the whole it is not surpris certain that this prediction, that ing that he received no letter of ine London market in the shares support from the Prime Minister. would disappear, would be just- He did not get the letter: but ed., The address of the Com- he got the majority.

mittee is. 1, Finners Hall, E.C.2 COMMANDER C. J.M. LANG Lleutenant-Commander C. 3, M Lord Rothermere is a

Lang, who has retired at his own geous men. He writes I the request with the rank of.com- Daily Mail" demanding air demander, was member of the fence. Believing in his policy, first term of cadets which entered he goes out for the development Osborne College when it was of this arm and against the opened in September, 1903. Fe precedence of restoration of pay served throughout the War as a cuts, reduction of income tax and Heutenant the Irresistible, assistance

martie.

to

cours

the merchant

The public likes, and unders- tands the man who believes in his policy to the extend of taking risks for it.

The "Evening Standard does not.. share Lord Rothermere's views, but does admire his con- sistency. His goal is always in the

same place.

·༔

which was sunk at the Dardanel- Tes; the destroyer Blenheim, and submarine depot- depot-ship ship Lucia (of which letter ship he was navigator); and as naviga-

tor of the light cruiser Boadicéa He qualified at the Staff College in 1922-23, and was afterwards appointed staff officer in the 4th Battle Squadron Mediterranean.

In 1928 he Others condemn him for incon-

became Intelligence staff officer in the New Zealand sistency. Such criticism 13

ill- Navy at Wellington, and his last founded and ignorant. Read to appointment was

as intelligence know.

SHANGHAI ELECTRIC'S

ecer at Hongkong, where he was relieved in April last. Command- er Lang has the Order of the Stripsed Tiger, conferred by the Government in 1921 during his arst term as intelligence officer on the staff of the Commander- In Chier on that station. He is the son of the late Admiral W.

M. Lang, who was well known as "Chinese" Lang."

MEN'S WEAR

DOMICILE Investment trusts have taken strong exception to the proposal of the board of the Shanghal As Mr. Chamberlain pointed out Electric Construction Co. to, trans yesterday, in reply to a question fer control and management of whether it was proposed to regu- the company to Shanghat. The Late the London Stock Exchange board justify the scheme by the on the lines of the legislation in- fact that over 60 per cent, of the troduced in America, the condi-ssued capital is now held abroad, tions in the two countries are chiedy in and near-Shanghai, and Ties" and shirts will be brighter. quite different.

their object is to save foreign hats will be lighter, and trousers shareholders from the burden of will be wider this year. Sq, at British taxation, arguing that least, I was told to-day when I this would also benefit British inquired regarding, the Men's, wear olders indirectly through the sa- Exhibition, to open on Monday. ving in taxation of undistributedMy informant added that there profits. An informal committee was an increasing tendency to- There is no margin system on has been formed to protect British wards brighter colours for the the London Stock Exchange. Set-holders. and its chairman, Mr. W. erstwhile soberly clad made, and tlements in London are fortnight- Sandford Poole, has appealed for that the fashion experts were do- ly. In Wall Street they are daily. proxies in the committee's favour, ing their utmost to fan

Опе can contango one's pur-

Mr. Poole contends that the the Smouldering embers of chase in London; that is, carry proposed 19 per cent. share bonus masculine ambition in that 1 over from one account to an- is no compensation. to British direction" into a healthy other. subject to payment of p-holders for what amounts in blaze. At this year's show of the terest. But in this case the buyer practice to complete distranchise-shirts on view will be exceedingly pays, or receives, the differencement, and that there would be bright, I am told. It is also ex- between the price from one ac- little, indirect benefit from tax- pected that this will be another count to the other.

savings, as recent reserve alloca-"flarge bags, bummer, With a A CONSERVATIVE VICTORY

tions bave been almost entirely pleasant green varied by a range for renewals. He points out that of pin stripes as the most fashion- Sir Roger Keyes has had a re, meetings would be held in Shang-able shade. And It was whispered markable victory at Portsmouth hat even before London holders in my ear there will be another He has wiped out the disgrace of received notice of them, and that effort to popularise the boater. the Conservative defeat at in consequence. Shanghat share-which was received with such Fulham.

holders could carry major-pro-milld approbation last year.

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