1934-06-11 — Page 1

the

comes into possession of an investor in the open market. That is, he

on Saturday's activities does not buy it from the security share and exchange markets are seller, but from somebody who bought it from the security seller. reviewed in our Money and Mar-1

kets section

Page 13 Even then, under the Securities Act, he could recover damages from the security seller on the strength

+

The Union Church at Kennedy Road was the scene of a very pretty wedding last Saturday, when.. Miss Dorothy Westland was mar- ried to

Arthur - Clarence Lambe-Gasper, of the Chinese Maritime Customs, and, of Ken- sington, London.

The bride is well-known locally, since she was for several years the Secretary of the Helena, May In- (Continued on Page 12).

LOCAL AND GENERAL

Dr. Min Hin Li left the Colony on Saturday morning by the ss5. President Jefferson.

Mrs. J. Fitzpatrick returned to the Colony on Saturday by the s.s. Kashima Maru after a trip to Sin- gapore. ".

While proceeding from Tsingtao to Taku, the Chinese warship Yunghsiang was surrounded by more than twenty pirate boste out- side Zingkow, northern Shantung coast, with the apparent intention of seizing awis and ammunition At such a huge gathering it is

on the warship. After a brief en Impossible to note even half the

counter, the boats were put to people present, yet......(even in

Might. The warship arrived in the biggest crush......) there are Mr. D. S. Robb, of the staff of | Taku safely, sccording to a Chi-

one cannot miss. Lowe, Bingham and Matthews, left nese message from the north. some #hom.

these i noticed Lady by the s.s. President Hayes on Ba- Among Paze Southorn in a most attractive turday morning..

dress of vieux-rose tafeta, deli- cately shot with a paler shade, and Mrs. Gordon Mackie, who looked charming in cinnamon shadow-lace."

The bulletiz, Issued by Govern- si a misrepresentation in the ment; of the week's activities of prospectus. Under the British law H. E. the Governor and Lady Feel there is liability only to those who will be found on "- bought the security "on the faith of" the prospectus,

ů

Round the Courts, a resume of the cases taken in the local Courts on Saturday, is given on Paze 6

リ

Playing at Murray Barracks on Saturday night. Mrs. M. Smith won One hundred and eighteen mem-

"the South Wales Borderers' Ladies' bers of the Chinese Y.M.C.A. and Club whist Drive and Tombola by their friends enjoyed a swim-153 points to Mrs. R. Higgs 143 ming outing to Picnic Bay, near points. Mrs. M. Taylor with 123 The current pictures at the local cinemas form the subject of com- dresses, but on the whole I think The party, led by Mr. Leung Bal section, Mr. E. Jones with 148 There were some very brilliant Aberdeen on Saturday afternoon points came third. In the Men's ment in this issue, Page 5 that white proved more popular on. of the Physical Depart points came first, while Mr. G.

than colours on Monday night. ment.

went to Picnic Bay by Harvey and Mr. E. Williams re- turned scores of 142 and 133 to take' second and third places. re- spectively.

Mrs. “"Teddy" Cock, too, Page 7 looked very handsome in ivory-

white. Mrs. J. H. Morris

Was

The Dairy of Local Events, as charmingly gowned in supple Page 5 white, and her daughter Sylvia usual. is published on

looked very young and lovely in

Other clarifications may be necessary. The problem will be to It may be that the President's make them without weakening conferetices

the **Frank-

this "Truth in Securities" Act furter lawyers who drew up the The investing public may safely Securities Act mean that the leave that problem in its "present agitation for the revision of that hands. Without doubt the need to

The Rt. Rev. Bishop Hall chose Mrs. Berrett looked" magnificent | launch, act has entered upon its final stage. stimulate the flow of private capital "Peace And Justice" as the subject all in white with a coronet of Suck is the general impression into private enterprise is one-of For some time past the President the most urgent needs at the of his sermon yesterday: A report pearls

of it appears on has been reported to be getting present time. But the experience ready to recommend revision of of the recent past rises up to point the reform measure against which

the equal need that in channelling financial and business interests. this capital to industry the capital have protested more than against user shall beware lest he make any any other offspring of the New misrepresentations or does not take Deal What has hitherto held back proper care in asking for his revision has been the immoderate | capital, nature of the criticism levelled against the act. This criticism has had a parallel in the case of stock market regulation. Seemingly it came as a shock to laissez faire financial interests that the dis closures of boom era miañinancing should be followed by corrective legislation.

Moderate-minded financiers have all along seen the Ezed for closing up the holes in the law which fostered the abuses of the boom era. The old common law pertain ing to fraud was not enough. Lee

HONG KONG SCHOOLS

ATHLETIC MEET

white satin with diamente on the

shoulders.

The Women's Auxiliary of the. Society for the Protection of Chil-

More than 200 dancers took ad- dren acknowledges with grateful thanks the following donations on Saturday night at Repulse Bay vantage of the 1. a.m. extention Mrs. Maughan (in memory of Mrs. Hotel and the time passed all too P. W. Carry, 35: D, S. and G.. M. quietly in the accompaniment of tin memory of Mrs. Carr): 35; the 'Andetonians' high class dance Mrs. Middleton Smith, $100; Mr music. These melody makers un- Y. Cheng, 86: Mrs. Chow, $der the baton of their leader, An- Anon, $50; Mr. A. M. Bowes-Smith are, are, according to popular ac- $25.

| claim, by far, the best dance band' in the Colony Many of the

."

Miss Dorothy Westland, former Secretary and Treasurer of the

Mrs. Daugias Valentine looked Helena May Institute was married to Mr. Arthur Gasper at the Union very fresh and dainty in snow- Church on Saturday. A pretty white satin and net, and Madame wedding took place at the Glouces- de Precourt too looked radiant in ter when Miss, R., Lee became the white Mrs. Glyn Evens chose

It is reported by the "Central younger, set decided not to call it bride of Mr. C. 8. Kwok.

cream colour, and Miss Hay-Edie China Daily News" that the Chi-night at 1 am and when the Faze 7 was "very easy to look at nese national budget for the pre- dancing was firlabed. quite a

soft cream Jace. Mrs. Mousley Several surprises were registered wore a foamy dress of pure white sent scal year shows a deficit of number changed to bathing cos no less than $100,000,000 according tumes and adjourned to the beach and Water Interschool Eports in the lawn bowls matches played organdle, and Miss Evelyn Hum-

to the Auditing Bureau's accounts for a swimming party. It was a Meeting which will commence on over the week-end, Full details phreys had a Came coloured sash The total expenditure of the pre-pleasing sight to see so many pro- the 20th of this month and scores appear on Page 10 with her dress of white brocade sent fiscal year 15 $318,685, 457 while minent professional and commer

On June 20, 22 and 24 the land

AND LOVELY DRESSES the income is $815,915,000. In ad- cial people of the Colony present, Miss Marion Wolfe looked very dition to this information it is and, also, to note that Repulse sweet white, flowered with stated that abou t$45,000,000 goes Bay is again the Baturday night cherry-red, and Mrs. Prior, too, towards military expenses.

rendezvous Hong Kong Society:

Entries totalling 655 have been received for the Hong Kong Land

events will be held, while the Olin Dutra won the swimming events are to take place Open Golf championship.

close finish, on June 21 and 23.

American.

very