1935-11-13 — Page 4

CRAVEN

IN EASY-ACCESS", INNER" FOIL PACKETS, ALSO IN "TRU-YAC" *50* TINS When we seal the TRUVAC airtight TIN the FACTORY- FRESHNESS CRAVEN "A" Ju accurety imprisoned unul the

seat is broken by pulling the rubber tab-en Jasand edger.

cutler:

1343

CRAVEN

A VIRGINIA

IGARETTES

CRAVENA

TES

HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 13, 1935.

They

Vary!

never

She knows that Craven "A" do not affect her throat and She appreciates that extra touch of QUALITY!

Remember

CRAVENA

ARE MADE SPECIALLY TO PREVENT SORE THROATS

MADE IN LONDON, ENGLAND, BY CARRERAS LTD

"HULLABALOO ABOUT

ARMAMENTS

Mr. MacDonald's Reference

To The Necessities Of

Defence

(Special Air Mail Service)

G-A.J58

The Creator, not the Imperial Chemical Industries, nor the Gov- ernment, has decreed that, things come to live, long and to have a sturdy . grow like saks.

"No one can predict the future. All We can say is that there is to be a future, and that a great one; and we can say with certainty that what we are doing to-day is to be one of the great landmark; by which men will measure pro- gress,'

Sir Harry McGowan, chairman of Imperial Chemical Industries, in his speech, said he desired to acknowledge the Hep which has been given by the Government to the establishment of this project.

. י

CHINA'S FINANCIAL

POLICY

Nationalization Of Silver

By The Government

||Special to the "Hong Kong Daliy

Press" (Copyright)}

Shanghai, Nov 4. Reports were current during the last few days that the National Government was about to deval pate the dollar and inflate Chinese currency. However, a definite an- nouncement concerning the Chi- nese Government's financial and currency policy has been made in the form of a Government decree, effective to-day, lasued late last night by the Ministry of Flhanes 1ollowing Important conference held here yesterday by officials of the Ministry of Finance and lead ing Chinese bankers. “The decree contains several important state ments on policy, including the n- tionalization of silver by the Chi- nese" Government

The following official" summary of the Government Decree passed yesterday on currency reform and Chinese financial policy follows:

1. Commencing from November 4. 1835, the banknotes issued by the three Government banks, The Central Bank of China, The Bank of China and The Bank of Com -

munications, shall be full legal tender. Payment of taxes and dis charge of all public and private dbligations shall be effected by legal tender notes. No use of kil- ver dollars or bullion for currency purposes is permitted and any contravention of this provision is punishable by confiscation of the whole amount of silver seized. Any individual found in legal pcasession of silver shall be pun- ishable in accordance with the law governing, acts of treason against the nation.

BANKNOTE CIRCULATION

2. Banknotes of issuing banks

which have received previous Authorization, by the Ministry of Flaance shall remain in circula- tion, but the total outstanding banknotes of each bank shall not exceed the amount in circulation

on November 3, 1935. The out standing banknotes of these banks shall be gradually withdrawn and

exchanged for Central Bank of

China banknotes within a period to be determined by the Ministry of

Finance. All reserve held against the outstanding banknotes together with issued or retired notes of these banks shall be hand- ed over at once to the Currency Reserve Board. Notes in process of printing shall also be handed over to the said Board upon the banks taking delivery.

3. A Currency Reserve Board created under special ordinanco shall be formed to control the Issue and retirement of legal tender banknotes, and to keep in custody reserves against outstanding bank notes.

4. Commencing November 4, 1935,

-

which eventually affect every citi zen from the country farmer to the city businessman." It is the great- est step taken by the Government since the establishment of the Re- public, the journal adda,

Continuing, it says:-"China has been placed in a position similar to a colony that has been oppress ed by foreigh imperialistic nations. Not only is she unable to progress but she has been ad the downward path. China, has suffered severely owing to the-world-wide depres- slon and the abandonment of the gold standard by several leading Powers. Chini's imports far ceed her export trade while sliver and pullion have been drained from this country to pay foreign States. In spite of the sliver duty and equalization charges levied on sliver exports last year, the white metal has continued to flow out of the country and prices to soar skyward. The new decree issued by the Ministry of Finance is a check to the further autow of silver from China.

"The large export of allver and bullion abroad. is due largely ..to the bankwardness of our own in- dustries. Although the new Do- licy may be of some, assistance to them, the fundamental remedy lies in the support of the native industries and in preventing them being hit by foreign firms.

The immediate, rest of the Government's decree will be in 'the increase of-the-price-of-com=" modities. Persons receiving low salaries will find increased expen- bes difficult to bear. The Govern- ment should take steps to temedy this situation."-

China United Press (by mail).

མཾ, སཎ+༼༥༩སྡ ཙ ཝཱ -

CANTON'S NEW FIRE BRIGADE

די

Canton. Nov 11. A Volunteer Fire-Aghters Corp

8

TO-DAY'S RADIO PROGRAMMES

Broadcast by Z.B.W.

On 355 Metres

12.30 to 2.15

gramme.

p.m.-European

13.30 p.m.-Recorded musie.

pro-

1 p.m.-local time and weather re-

port

1.15 p.m.-Hong Kong Hotel Or-

chestra:

130 p.m-Reuter Press Bulletins.

Rugby Press news, etc 2.15 pm-Close down,

e

to 7 pm-Chinese programme.. to 6.15 p.m.-Children's „Studio

Concert

pro-

7 to 11.15 p.-European

to 7.25 p.m.-Concerto in F Major.

gramme.

for Plano and (George Gershwin); 7.25 to 7.40 p.m.

Orchestra

A Planoforte Recital by Alfred Cortot

•

!!

1. Valse in A fat. Op. 60, No 1

(Chopin).

2. Tarantelle, Op. 43, (Chopin). 3. "Rigoletto" Paraphrase de

Concert (Verdi).

7.40 to 8 p.m.-

Talkie Tanes Orchestra-Talking Film Memo-

ries.

Song in the Middle of a Kiss ("Clock Strikes Eght").--Con- nie Barwell.

Piano Duets-Sweet Adeline Selection-Arthur Young and Reginald Foresythe. Song-Love me forever ("On Wing's of Song")-The Street Singer, p.m.-Local time and weather re-

port.

8.03 to 9 pm-"

From the Bludto AConcert by Members of the Young Australia League, assist- ed Local Artistes.

Short Talks to Australia and New

Zealand.

9 to 9.15pm—A Relay of the Daventry News Bulletin (Copy- right by Reuter).

9.15 to 830 p.m.---

A Relay from Daventry

A General Election Talk by Mr. A. E. Holdsworth of the York- shire Post.

9.30 to 9.40 p.m.-What's Next

(arr. Herman Finck). 9.40 to 10 p.m

Sugar plays an impat-

tant part in bringing out the flavour of m jelly and making it

a nutritious as well as

adelightful sweet,

"As you would ex- pect, only the very finest czne sugar

is used in-

Cerebos

Jelly Crystals

İfade enquiries in John D. Hachiaen & Cu.. Post Box 43.

Hong Kong

"FOREIGN BANKERS'

CONFERENCE

Willing to Co-Operate But Awaiting Home Advices

Shanghai, Nov. 7.

As a result of the meeting held

A Talk on "Basic English" by An Thursday evening, a letter has

been, despatched by the Foreign Bankers Association to Dr. H.

B. Reynolds, B.A.

will soon be organised under the guidance of the Director of the Provincial Public Welfare Depart-10 p.m.-Big Ben: Reuter Press ment, who has placed, an order

for several emergency re-engines and fire extinguishing implements with a local foreign import firm. With the approaching winter, hill- side Ares will soon become daily occurances, Neutral New

11

NO SILVER TO GO OUT

Canton, Nov 11. Persons leaving for Hong Kong,

Bulletins.

10.18 to 10.20 p.m.-"My Songs from the Shows" sung by Marle Burke (Soprano).» 10.20 to 11.15 p.m.-

From the Studio

Kung, Minister of Finance, assur-

ins him that the bankers are willing to co-oate rully with the

Chinese Government in its mone- tary reform programme, but that a definite decision, regarding the Dance Music by The Band of the handling over of silver cannot be East Lancashire Regiment unreached until the receipt by all the der the direction of Mr. A banks concerned of instructions from their respective diplomatic Yule, 11.13 p.m-Close down.

representatives. It is hoped that a decision will be reached at a further meeting next week.

Most of the bankers present at Thursday's

pinion that the surrender of their silverdings was not vital to the of the seneral currency scheme. a repre-

.Period.

RAPTO MANTLA can-Sunset Dance Programme

by the Lyric Orchestra, G.30 pm-Spanish Informational Macau or other Chinese ports are 8.40 p.m.-English Information not alowed to take any silver coins with them.

Those proceeding in- 6.55 pm Stock quotations, through land are unly allowed $5 in silver the courtesy of Swan, Culbert-, colns. The authorities have order- ed the Preventive Departments to 7 p.m.-Radio. Shopper,

son and Frika.

silver

Period.

were of the

successful carrying-out.

sentative of the "North-China Daliy News" learned "from aTeliable" source yesterday. One large bank had instructions to surrender its

London Oct. 18. provoking other countries to attack It was one of many recentlas-banks, firms, and all private and Mr. Ramsay MacDonald made alus

trations of the assistance afforded reference to armaments when he COAL DETHRONED BY OIL to British Industry by the National Public institutions and individuals confiscate all large quantities of 7.15 pm-Popular. Songs by Tony ativer only if all the other banks opened the coal hydrogenation Mr. MacDonald said that the Government... plant of Imperial Chemical Indus- story of the new process read like. tries at Billingham, near Stockton- a fairy tile! Coal, he said, had an-Tees, yesterday. He said:

I see there is a hullabaloo about armaments, warlike "designs, and so on. I need not tell you

been dethroned by oil and had completely changed our prospects, Was the power embodied in our coal deposits to tie as die as that

The large volume of coal that would in future, be required by these works would he hoped, be of considerable help to the country of Durham.

when time had proved the

ANOTHER EVEREST EXPEDITION

holding standard dollars, other sliver dollars, or allver bullion, shall hand over, same to the Currency Reserve Board or its agent banks in exchange for legal tender notes, at face value in the case of star- dard, silver dollars, and in accor dance with the net silver content in the case of other silver dollars or silver bullion

5. All contractual obligations ex- pressed in terms of silver shall be discharged by the paymnt of legal tender notes in the nomina" amount due.

i

the exchange value of the Chinese 6. For the purpose of keeping aollar stable at its present level buy and sell foreign exchange in unlimited quantities.....

PRESS VIEWS YEA

coins found among tho passengers' baggage.---- Neutral News,

CANADIAN HUSKY HAULS GOODS OF PENNILESS FAMILY

Sobral.

7.25 p.m. La Insular Cigar and did likewise. In a number of cases

Cigarette Factory presents "Alres Filipinos"-Juan Silos, Jr. and his String Ensemble.

the local representatives were still awaiting instructions from their head offices abroad as to what

7.45 p.m. Elizalde 7 Cla presents policy to adopt. Willingness to co- operate with the Chinese authori- Mal Partridge, Soprano.

without reserve.

8 p.m.-"Ape on the Air" sponsor-les, however, was expressed by all

ed by Cebu Portland Cement Co-The Mystery Binger and Lina Flor,

p.m.-The Town Crier-A Quarter-Hour of Spanish Melodics.

8.15

8.30 p.m.-Basque Presentation.

Dr. H. H, Kung, Minister of Finance, took part in the discus sions at the second meeting of the Standing Committee of the Car- rency Reserve Board at the Cen- tral Bank yesterday. Mr TV.

non and his wife had a good farm

A few months ago Alfred Gag in Ontario near Sault St. Marie.

swept over their acres, destroying pm. The Reptile Store presents. Then in a few minutes they were 8.45 p.m.-Stock quotations and Soong, Mr. K P Chen, and Mr. Y. reduced to destitution wheri fire crops and buildings. They had no dollars.

local market reports.

Mo and Noah,

College Harmonizers.

p.m.-Tirso Cruz, and bir Manila Hotel Orchestra.

BERLIN PROGRAMME

In the Are Mrs. Gagnon's lifc was saved by their husky dog Wolf, 9.45 In: commending the Government properly named because there is decree concerning the new monet-wolf in his ancestry. And in the 11 pm-8ign of ary plan and financial policy, the desperate condition that ensued tons of the Chinese press in ge- the Gagnons again called on Wolf !.. p.m.-Call DJA: DJB. neral is that a new era of brow | for ald.

DJN

M. Chien were among those who attended.

Beginning yesterday, the Central

new; notes. a pas de

STOCK EXCHANGE ACTIVITY The cobwebs of inactivity, which had lain undisturbed bed; for the past ten months in the Stock Ex- change, were swept aside during the last week a most welcome change following the currency re- form Introduced by the Chinese Government last Monday.

Although the local share market was not quite, po active yesterday

that so far as I am concerned IIn the old windmill and water-soundness of this project, it was am enlisted for peace, and that I dam?

likely that 'similar large plants have no trust in arms for the "A litt over a generation ago would be erected in other parts of prevention of war, But defence men of villon foresaw this even- the country, but the financial risk and the requirements of defence tuality, and chemists began to was not, to be disregarded, and one are quite a different matter. In wonder whether it was not pos- considerable. difficulty concemed the present state of the world the psible in their test tubes and re- the suitability of different coals. nation that can defend itself is a torts to resurrect coal. In 1927 Mr. MacDonald and the other nation that can use every par- the experiments were taken over distinguished visitors had to sub- by the Imperia! Chemical Indus-ruit to the same procedure as ticle of its influence for peace

"The Government can defend i tries,

every other visitor to the factory. Itself if phallenged., The Govern- |

"Oh July 17. 1033; I anounced They had, to leave not only their the three Government banks shall insurance, were left with but a few 9.15 p.m-Kits Tablante and bi Bank lasued 10-cents and. 50-cents ment has been examining, its pre-in the House of Commons that the smoking, material in an cice, sent capacity to keep an aggressor Government would guarantee a being given in exchange * at arms length, should be appear. a preference to all British-pro- little badge without which they "Not one Government or party.duced motor spirit; and in March, could not have entered the, works. but all Governments and parties 1934. Parliament passed the Hydro- that have been in power in this carbon Production Act. The im- country for some vears have been mediate effect was that Sif Harry reducing our armaments, and the McGowan announced that Imperial conclusion has been reached that. Chemical Industries would at once in relation to the state of the proceed to erect a plant, and we

sperity for the nation is coming. They decided to seek a home: In (Special Air Mail Service) world, we have gone too far, and are here, within a year and a half,

However, the Government 19 warn Halifax, 1,500 miles distant have decided that our defence to open it.

London, Oct. 22.

ed to give, further assistance to they had neither money nor means equipment requires to be

The hope that it brings to the

Dr. Charles Warren and Mr. the public as it is expected that of conveyance, So they rigged good,

coalfields is particularly gratifying. Michael Spender of the Mount the new policy will cause a rise in two-wheeled cart, on which they "Now a command of oil is es- We have, too, to admit that the 1 Everest reconnaissance party, have we prices of everyday commodit-loaded tent, clothing and cooking | 9.45 p.mNews in Eriglish on DJ Prices were well maintained but for a few exceptions. Trazos : "3" Bential for our defence. Of course lives of the miners are hard, that returned to Darjeeling. Mr. E Eles.

utensils, hitched Wolf to the eart and in Dutch on DJB, DIN, we could import it and store it, their pay is scanty, and that it Shipton and the other three are The Shun Pao," the leading and set out, the man and woman 10 p.m. The Swabian Nightin-eased to $40.25. Interest was allo opened with business at $41.75 bộc but that would be rather awkward 18 our duty to do everything we expected to arrive shortly. The Chinese newspaper in Shanghai, trudging alongside. In this man-

gale," A Play with Bangs by shown in Ewo Pref, placed at $150. for what is called our balance of possibly can to make their lot party went up the North Col to terms the decree as "the greatest ner they made the long journey.

Friedrich Blicher by E. Stock- trade It might also be awkward brighter and their wages more Camp Four, whence they were able monetary reform in China and one

Shanghai Power Pref, at $122.50 The most exciting Incident oc inger. Musical Arrangement' to survey the whole route and tonă sau si viul uno slimes" end are

with further buyers at the close curred on a lonely road in the Otto Seyfert, take photographs. The reconnals-

and City Loan 1932 at $93. Matapedia Valley of Quebec, Gag- 11.15 pm-News in German on sance is said to have been succesS-

non was awakened in his tent by DJA DJB, DIN Close DJB noises of combat, found the dog (Germ. Engl.)."': '+ grappling with a bear a few feet 11.30 pm-To-day in Germany. distant. He shot the bear, but the ***Bound Pictures, dog had a souvenir of the en 1145 p.m.-Light Music counter in his slashed (neck.

12.10 a.mTechnical Letter Bør

made

L

گرم

to provide a supply in case of war. satisfactory.

**The prospects of finding oil in LANDMARK OF PROGRESS our own strata are not very bright, · "Do not....... int ̈ ́ speculators and but it would be comforting to others lose their heads. Time willful in every way

,, paration for an expedition which, know that at a push, we could be required for the reaping of the Because, the party, which is tin- | headed by Mr. Hugh Rutledge, is manufacture it within our own full effects of this enterprise." You | der the feadership of Mr. Shipión,¦ to make another attempt, on the borders; and no one can say that will not see it fully to-morrow, or has been surveying the western ap- summit in the early summer of in doing so we are menacing or next year. It will grow, steadily. ¦ proaches to Mount Everest, in me. 1936,

·

and

(Germ., Engl.) German Folk Song. Programme Torecast

Eng.)

Germ.

9.15 p.m.-Conduct at School Humorous Songs and Sketches,

12,152.m.-

DIA and in Dutch on DJ 12.30 am Close:DJA DI COLersi

Engl.).