1936-05-14 — Page 1

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THURSDAY, MAY 14, 1936. ### 日辟拾月伍年欧卅假玖仟登英 Price

The new hired man from the city had been sent out to harness the horses. It was ↑ cold winter morning. stl dark; and he mis- took a cow for a horse.

"What's keeping you so long out there?" the farmer shouted from the house.

"Say. I can't get the collar over this horse's head. His ears are frozen stiff," replied the new hand.

The captain of a sailing vessel was questioning a rookie sailor re- garding his knowledge of ships and the sea. After repeatedly re- celving wrong answers, in despera- tion, he asked:

"Where's the mizzenmast?"

been, mizzen?”

Local Exchange Quotations

T.T. ON LONDON: 1/38 (nom.)

T.T. ON NEW YORK: 32.3/8

CHINA'S ECONOMIC POSITION

FINANCIAL FACTORS

London, May 1 The Chinese financial reforms of November 3, 1935, among their many provisions, made" the Bank of China one of the three Chinese

"I don't know," replied the aspirbanks whose bank-notes are legal ing seaman "How long has it tender in the country and the..

report of Mr. T. V. Soong, chair- man of the bank, which was sub- Mr. and Mrs. T were return-mitted at the annual meeting of Ing home one moonlight night shareholders on April 4, says that after a strenuous evening.

the monetary changes have been carried out successfully. Not only • has there been unity of action among

Wite (exclaiming suddenly): "Oli, John, dear, what a lovely moon!

Julin (aksently), "Yes, how much

Is it?"

Tailor: "You have recently inherited a nice lump of money from your uncle: Why don't you pay me?"

the

principal

DIARY OF LOCAL EVENTS

THURSDAY, MAY 14 Anniversaries and Hoildays— St. Boniface, Martyr.

Clacmas

King's: "The Garden Murder

Case."

Queen's:-"Without Regret." Oriental:-"So Red The Rose" World:-"Chinese Picture." Alhambra:-"Yellow Dust" Majestic:-"Strange Wives." Star: "The Girl From 10th

Avenue"

Meetings.--Victoria Chess Club, 4.30 p.m.; Theosophical Society, 8' p.m.

Miscellaneous.-St. Andrews Wo- men's Fellowship Games afternoon, 3 p.m.; St. Andrew's Club Open Night, 9 p.m.

Social-Tombola on board HMS. Tamar, 9 p.m.; Civil Service Cricket Club Whist Drive,.8 p.m.; Chɛero Club Bridge and Mah Jong Drive. 8 pm.

Moon.---Last Quarter. 2.12 p.m. III Int'c, Moon, 24th. Day.

Sunrise.-5.43 a.m: Sunset.-6.55

p.m

Tides. High at 4.15 and 1414: Low at 6.54 and 22.15.

FRIDAY, MAY 15.

and

Holidays.-

W

Anniversaries Chinese banks. but there has also been 8t, Joseph's College Diamond cord.al co-operation from the Jubiles.

St. John Baptist de la Chinese branches of foreign banks Salle, C., Founder of the Brothers Mr. Soong said that there has been of the Christian Schools... a gradual recovery of confidence.

Cinema that money conditions have be-

King's "The Garden Murder

Case." come easter, and that there has

Queen's:-"Captain. Blood." Central: "In Callente." Oriental:Four Hours To Kill." World:-"Chinese Picture." Alhambr¤; Yellow Dust.*** Majestic: "Ajib! Ike.", Star-The Goose And The

Gander." Dances.-Matshed Church Dance,

Customer: "I hate all outward | been a perceptible revival of busi- show. 1 don't want it to be said that my newly acquired wealth tes caused a departure from my former simple ́habits."

*

A woman, coming from a remote. section, purchased a dress or her first visit to a large department store. The next day she brought it back, saying that it did not at her.

"No wonder it doesn't At," she exclaimed. "Look here (point- ing to the label)-Made Expressly for John Wanamaker."

When the first-grade teacher be- gan to check records she found that little Alice was several months under school age, so the child was

sent home

"What is the matter?" asked

ness activity. A fall in the world price of sliver or political distur- bances in the fan Bast might pre- *judice the exchange value of the Chinese silver dolar, but no cur- rency is secure against such cala- mities, and, at preseris, with the return to a level of exchange for Chinese currency that equals the average for the five years to 1934, commodity prices have recovered, and, through the stimulus to ex- port trade, the unfavourable ba lance of payments has been greatly reduced

CUSTOMS STATISTICS Customs statistics of China's foreign trade have become unre- labla. the report says, as a result

ör the stimulus which the high

tariff has given to smuggling the little girl's mother when the which, in view of political difficul- child returned. "What has hap-tles, increased considerably in im- portance last year. Export figures. rened?"

however, were better in November and December-after the currency change-than for a long time, and the Customs statistics, for what they are worth, showed a reduc-

"I got iala of." sobbed the child.

DEPARTURE FOR tion of about 30 per cent as cam-

WASHINGTON

pared with 1934 in the excess of Imports over exports. Japan? Ger- mapy, and Australia enjoyed in- creased shares of China's import trade while the shares of the

Mr. Frank Murphy's United States and of the United

Farewell

AFFAIRS AFFECTING

PHILIPPINES

Manila, May 13. The High Commissioner, Mr. Frank Murphy, is leaving this afternoon by the President Coolid- ge bound for Washington. Presi- dent Quezon is accompanying him as far as Hong Kong and very likely Shanghai

Kingdomn especially the flrs' named were considerably smal ̈er: the United States, however, took a much larger "proportion than in 1934 of China's exports.....

COTTON SPINNING

8 p.m.

Lectures-Helena May Christian Fellowship Meeting, 10.30 am.

Y.M.C.A. Swimming Section, in the west | Lounge, 5.30 p.m.; Kowloon Chess Club, 5.30 p.m.; H.K. Lawn Bowls Assen Sub-Committee S. C. M. Post Bldg., 5.30 p.m.

Meetings. — Annual.

Miscellaneous. —Annual Supper and Prize-Giving at Volunteer

Headquarters, 7.30 p.m.

Social-Whist Drive and Tom-

bola in Royal Artillery Bergts' Mess, Queen's Road, 8.30 p.m.; Cheero Club Duplicate Contract Bridge hands set and played.

Sports Athletics.St. Joseph's College Diamond Jubilee Meeting (Caroline Hill), 2 p.m.

Meetings.-Hongkong Lawn Bowls Association Sub-Committee, 5.30 p.m.

:.

ETHIOPIAN TROOP ENROLMENT

Official Denial From Addis Ababa

Addis Ababa, May 13.

An official denial has been issued by the Italian authorities that any enrolment of Ethiopian troops has occurred or that such a course was contemplated.

It was explained that the arrival of hundreds of surrendering årned Ethiopian troops must have given rise to the report- Reuter.

TWO KILLED IN PLANE CRASH

Search For Wanderers In Jungle

The cotton spinning and wear- ing Industry in China, or at least that part of it which is under Chinese control, had a poor year in 1935, when many mille had either totally or partially to sus- pend operationa: At the end of June 40 per cent of the "domestic spindles were idle, and though the At a farewell conference this marketing of the new cotton crop factories to morning with foreign correspon- encouraged severa

reopen towards the end of the dents Mr. Murphy said that he was proceeding to Washington solely in year nearly 28 per cent of the the interest of Philippine affairs, spindles and looms were idle. The many of which were of the utmost change in the currency in Novem- importance and affecting both the fiber caused a considerable decrease Islands and the United States. in imports of cloth and a sharp Questioned whether he will be rise yarn prices but prices of

Panama May 13,· A bombing plane belonging to running in the Michigan guber-Indian and American cotton also natorial election, Mr. Murphy advanced, and the price of native the United States Army crashed id emphasised that his sole mission, mils have been forced to cut down names in the jungle to Washington was connected with expense, so that the cost of mang-Penonome yesterday. : Philippine affairs. He added that facture has been lowered materi- Two of the occupants were kill. be would naturally visit Detrait of ally, and there has also been much led, while three others are believed which he was mayor, prior to his renovation of machinery, together to be wandering in the jungle to- appointment to the Philippines. with the installation of some new wards the village of San Miguel

Mr. Murphy said he hoped to re-automatic looms.. turn to Manila in October, and be

had no doubt about Mr. Roosevelt's re-election in November.

but President Roosevelt is expected Mr. Murphy is appointing Mr. J. {to náme, Mr. Weldon Jones Las Weldon Jones as his financial ad"} seting High Commissioner to-day, |viser and agent during his absence, |--Reuters

near

Natives and American soldiers are racing to the spot.

The plane had previously sent a wireless message saying that the engine, had stalled "and" she was losing altitude. Teuter.

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