1936-07-23 — Page 8

HONG KONG DAILY PRESS,

ADVERTISEMENTS. ADVERTISEMENTS. WORLD SHIPPING

HONG KONG AND SHANGHAI BANKING

CORPORATION

IT IS HEREBY NOTIFIED

that

an Interim Dividend of £2.10/ per share, subject to deduction of Income Tax, has been declared for the HALF YEAR ending 30th June 1936 at rate of 1/3.5/16 per Dollar.

THE DIVIDEND will be payable on and after 10th August, 1936, at the offices of the Cor poration, where Shareholders are requested to apply for Warrants.

REGISTER THE

O F SHARES of the Corporation will be closed from 27th July, to 8th August, (both days laclusive) during which period no transfer of Shares can be registered.

By Order of the Board of Directors,

CHINA PROVIDENT' LOAN & MORTGAGE. CO., LTD.

,,

NOTICE

It is hereby notified that Mr. D. L. KING will relinquish, at his own request, his appointment as Secretary of this Company on July 21st, 1936; and that Mr. J. C. GUTERRES has been sp. pointed to be Acting Secretary of the Company with effect from that date.

By Order of the Board

D. L. KING,

Secretary, Hong Kong, July 21st, 1936.

4572

44

STATISTICS

Britain On Down Grade

London, July 22. That the relative position of

British skipping is still on the facts shewn in the latest edition of Lloyd's Register. The present British mercantile marine repre- sents 268 per cent, of the "world's shipping compared with 41.6 per cent. in 1914 and 50 per cent, in

down grade was one of the main

1900.

."

An interesting point is the .con- number tinued contraction of a

of coal burning vessels which are now 49.1 per cent of the world's

THURSDAY, JULY 23, 1936.

SOVIET RUSSIA AND OUTER MONGOLIA

Treaty Of Alliance And Friendship

ANNIVERSARY CELEBRATION

London. July 22,

The Moscow correspondent of the "Daily Telegraph" reports a Russo-Mongolian alliance on the fifteenth anniversary of the foundation of the Republic of Outer Mongolia simultaneously with the celebrations at Ulanbator.

Kremlin's representative, Eltava. declared that the Soviet-Mongol

tonnage compared with: 88.8 per friendship and mutual assistance PRESS BOUQUET

cent. in 1914.

W

that

It is noteworthy

alone ameng all forms of "propulsion the diesel engine continues to pro-

was cemented with the blood of the best sons of both countries and existed not merely since March 12, when the treaty was revealed to the

FOR CHINA

gross with Scandinavian countries, world, but ever since the Mongol Southwest Agitation

particularly partial internal com- bustion.

."

V. M. GRAYBURN,

Chiel Manager. London Office: 53. Fleet Street America recording substantial re- Hong Kong, 7th July, 1936.

State was created.

complex emphasised the Editorial and Business Office: 11,

The world tonnage which de-modern training of the Mongolian "Ice House Street Tel. 30251.

creased annually from 1932 to Army with native pilots, tank and Night Editor (Wanchal Omce): | 1935 shows a slight increase in

artillery officers, also the creation 1935-36, only Great Britain and of new industries. 80 per cent. of Tel. 24511.

the workmen of which as well as ductions, thus indicating that no hundreds of instructors and foce

Amor- med were Mengels Or progress is being made. towards the necessary adjustment of world Mongal.

The Premier revealed that the tonnage to the reduced volume of world 'trade.---

Army was recently largely in Reuter

creased. equipment improved, and the pay of the political stati

· doubleq.-Rautet

EO. 4.

4548

HONG KONG GENERAL CHAMBER OF COMMERCE.

A GENERAL MEETING OF MEMBERS will be held on MONDAY, 27th JULY, 1936, AT 4.45 P.M. in the Offices of the Chamber of Commerce, Char.

The Daily Press.

HONG KONG, JULY 23, 1936.

BUREAUCRACY IN JOURNALISM

There is little doubt that Tar-

tered Bank Building, to nominate liament will confirm the British

a Member of the Chamber for appointment to the Legislative Council vice the Hon. Mr. W. H. Beli resigned).

Notice in writing of the Names of Candidates and their Proposers and Seconders to be lodged with the Secretary of the Chamber of Commerce at least 48 hours be fore the time appointed for hold ing the Meeting...

By Order,

M. F. KEY,

Secretary.

Hong Kong, 18th July, 1936,

E.

સો

PUBLIC AUCTION

R.

4570

Broadcasting Corporation in the exercise of must of its powers When its cluarter, shortly about to lapse, coines up for revision and renewal. But one power which it freely uses was certainly never contemplated when Parliament first conferred on it u monopoly in broadcasting, and has not yet come under the full fire of criticism. "Not content with the influence which it enjoys through its control of the ether, it has entered the sphere of publishing, and produces certain journals which have an enormous sale and

BORDER INCIDENTS DISCUSSED

Means Of Settlement Sought In Soviet- Japan Talks

POLISH TREATY TO BE USED AS PATTERN

Tokyo, July 18.

い

CHINA POLICY CRITICISED Playing One Power Against Another

JAPAN'S ADVICE

FOR AMITY · ·

Tokyo July 22

Japanese policy in North China

Outcome

"TIMES" VIEWS

w

London, July 22. In a leading article on the Cantonese collapse, the "Times" says an anti-climax is seldom an occasion for congratulation. This however, reflects favourably not only on General Chiang Kai-shek

but China as a whole.

CHINA'S FINANCES

HOW COLLAPSE WAS AVERTED

Nanking, July 17..

SWIMMING GALA

Y.M.C.A. Triangular Tournament

at the

а

It is anticipated that in the near future many such functions will be held. The spontaneous appre- ciation of the swimming last night augurs well for the success of such future functions.

An enjoyable and keenly con- Dealing with China's finances. I tested swimming gala was held

night report submitted "to the last

European Second Plenary Session of the Y.M.C.A., which was attended by OBC., Dr. H. H. Kung, Minister a very large crowd It was of Finance, said that, after the triangular tournament between the adoption of the monetary' reförm, Y.M.C.A, the East Lanes and the a definite turn for the better was Royal Engineers. noticed in the export trade, and during last December and January, China, for the first time in several decades, had a favourable balancé of trade. Although the increase of exports was beneficial to the people's economy, it did not bring in much Customs revenue, inas- much as the export duty generally 200 Yards Relay (teams of 8 was low, in order to help domestic men): 1. Y.M.C.A.: 2. R.E; 3. E. industries and stimulate commerce. Lancs. Time: 1.48-3/5 mins. Then there was the smuggling Members 25 Yards Aggregate rampant in North China, which. Handicap: 1. J. Milln: 2. R. above all other causès, was respon- | Vergitti;, 3. G. Magnus. sible, for a drop in Customs receipts of over $80,000,000 from original estimates. Also there were decreases in receipts from the consolidated and salt taxes in the flooded and bandit-infested areas and in North China.

the

Fortunately, Owing to strict supervision and reduction "of ad- | ministrative expenses, the actual revenue was not too far below the original expectation. All in all,

the Government's total receipts With Japan on the alert to mis- during the last fiscal year were Interpret any effective action. the about $100,000,000 below the bud- outcome, besides strengthening the get estimates. Since expenditures hand of the Central Government, were greatly increased, the Minis-

The results of the events were as follows:

(Men) : 200 Yards. Relay

1. YM.C.A.; 2. RE: 3. E. Lancs. Time: 1.551 mins.

Men's Diving Team Event: 1E. Lanes; 2. R.E.; 3. YMCA.

Individual Diving: 1. L/Corp!. Stevens (RE); 2. L/Corp. Gorman. (E Lancs.); 3. Corpl. Gregson (' Lancs.).

1. YMCA: 1 E Lanca: 3, RE Men's 125 Yards Medley Relay:

Thme: 1.15 mins.

Water Polo: "B" team beat "A" team by 3 goals to 1: "D" beat "C" ty 3 goals to 1.

is a healthy symptom of politicalry of Finance encountered great LOCAL AND GENERAL sanity of all classes of the popula- dimeulues in its efforts to make tion. The extremist agitation has both ends meet.

Aborne no fruit, and the slogans. many emanating from Japan. slumped.

.. The usual weekly R.EO.C.A. Open Air Whist Drive and Tombola

held on will be

the Square, Wellington Barracks on Monday, July 27, commencing at 8.30 pm.

EXPENSES REDUCED The total expenses for financial To refuse to fight in order to administration. particularly, had The ratio to the divide China is an important step been reduced. in national solidarity,

total tax receipts was 11 per cent.

There was a clean bili of health China is to be congratulated on in 1931, 9.9 per cent. in 1932 and

hours having kept its head, says the 1933, and in 1934 and 1936 only in the colony for the 24 journal-Reuter

9.2 per cent. For upholding the ended on Tuesday. credit of the Chinese Government, concrete measures had been taken

OFFICIALS FOR CANTON

Shanghal, July 22.

for the readjustment of the Crisp Loan, the Tientsia-Pukow Hallway loans, and the Taoching railway

loan.

will inevitably become stronger if the Central Government, Ignoring

Regarding local finances, up to Mr. T. 1. Boong and Mr. Tsou the end of last June altogether After years of intermittent bor-Japan's special position, continues to play offgue power against an- der controversies. the officials of

of Finance, over 6,000 miscellaneous and exor other." was the gist of a semi- Lin, Vice-Minister

been abolished. ometal announcement made to-day with nine other Nanking officials, bitant taxes had

on a specially representing more than $51,000,000 after the conference examined left for Canton

chartered plane to-day.— and for: progress fundamentals

Reuter unification in China and regrowth of anti-Japanisra.”

the Soviet and Japanese Govern- ments this morning opened con- versations on the establishment of a pattern for the settlement of frontier disputes.

The preliminary talks were con- ducted between Mr. Shigenori To- 8. Director of the European and Asiatic Affairs Bureau

of the a corresponding advertisement re- | Foreign Omce, and Mr. Nicholas Rayvid. Councillor of the Soviet Embassy here.

venue

L

the basis of the Peking Treaty of of the Hunchung Treaty

Reuter,

KWANGSI CHIEFS

SUBMIT

of revenue.

nation's

almost

At a meeting of the Finance Committee of the Legislative Coun- cil yesterday supplementary votes totalling $12,395 were approved.

A telegram addressed to G. Ro- binson Peninsula Hotel from Shanghal is now lying unclaimed at the offices of the Great Northern

Telegraph Co., Ltd).

A launch of HMS. Comflower, with Lieut. J. Grenham, R.HK.V‚R. in charge, rescued an exhausted Chinese swimmer about 8 o'clock on Tuesday night.

Volunteer officers at lecture aboard the Cornflower perceived' ...

and the swimmer's dificulties Lieut. Grenham took the launch

་

Dealing with monetary condi- tions, the Finance Minister recall- ed that the world-wide economic depression, the disasters of ban- ditry and natural calamities, the general business deterioration and market instability reached, such a point during the last year that

the the collapse

away immediately. The swimmer, precipitated. Amidst these dimed the stern of a junk and was a boy of about sixteen, had resch- culties, the Ministry of Finance weakly clawing for a hoid, when first organized an Industrial and

the launch picked him up. Commercial Loan Committee to take charge of extending financial

The following passengers who ar- assistance to deserving commercial rived on the J.C.J.I liner 5. and industrial establishments, and Tjibadak, from her voyage from then a special committee to super- Batavia are guests of the Glog- vise native banks. It was only cester Hotel: Mr. and Mrs. Alfred through these and other timely Weiss, from Batavia, Mr. J. G. Aus- measures adopted by the Ministry. tin, of the British American To- that a major collapse was averted bacco Company, of Batavia, Mr. G. London July 22. Then, with a view to stabilizing P. L'Estrange, of Batavia, Mr. P. V. In consequence of Leyland's in- domestic Anance and helping to Dekema, a banker of Batavia. Mr. ability to play for England in the ward economic recovery, the legals, A. Hagger, an Inspector of the Second Test against All-India on tender policy was enforced last Pulice Force in Batavia. Saturday owing to injury, Worth- | November, control of note. Issue ington of Derbyshire has been was unified and reserves were

Four guests of the Gloucester selected to replace hlm.-

coricentrated. Before the opera- Hotel arrived on the Dollar Steam- Reuter.

tion of the new monetary policy, ship Co. Liner. President Lincion, the total amount of notes issued but two of them, Misses Ruby Har- by the Central Bank of China, the key and Georgie Kay, teachers trom Bank of China, and the Bank of

America, departed on board the Communications amounted to

same ship on her way to Manila. about 8427,000,000, but by the be- Mr. and Mrs. C. H. Davis, of the ginning of July the gure lind

Maritime - Customs 112 climbed to over #881,000,000.

prolonging their

WORTHINGTON AS

*TEST PLAYER

Substitute For Leyland

Two specific. examples of China's alleged policy of playing one power off against another were given,

Sino-German namely, the

and agreements Sino-American loan

Shanghai, July 22. which, despite denials are stated

A Japanese report from Canton Its publication of the Radio

in Tokyo to involve the purchase states that Generals Li Tsung-Jen economic structure was The conversations dealt with the

of munitions. "The Chinese Gov-) Times, with full weekly state-projected establishment of com→

and Pat Chung-hsi bave decided ernment would be well advised to to abide by the decision of the ments of its programmes, was an missions for the demarcation of

show sincerity in solving the plenary conference. ancillary

which the border between Soviet Ruxsla North-China embroglio in a man- Reuter. development might have passed without and Manchoukuo and for the set-

ner acceptable to Japan," says the tlement of frontler disputes. protest. But when it used ita re-

announcement- During this morning's interview, sources for the production of a Bdr. Togo emphasized Japan's journal called the Listener, much desire for the demarcation of the PARTICULARS AND CON of which has nothing whatever to border, from south to north, an DITIONS of the Sale by Public do with the radio, it became ap- 1881. Auction to be held on Monday, the 27th day of July, 1936, at 3 parent that it was departing from 1888 establishing the borderline

its proper function; aba-across Lake Khánka, ́ ̈ p.m., at the Offices of the Public

reaucratic body, enjoying state Works Department, by Order of His Excellency the Governor of support. it was entering into com-viet-Polish Treaty of 1933 for the pattern for a sim Jar Soviet- one Lot of Crown Land at Sham.petition with private journalistic settlement of border disputes as a shulpo in the Colony of Hong enterprise. With the immense Japanese-Manchoukuo agreement, publicity power which it enjoys Mr. Togo pointed out the necessity Kong for a term of 75 years, for pushing any netivity it of giving full consideration to the commencing from 1st July, 1898, chooses, it bas had so great a special features of the border "be- with the option of renewal at a Crown Rent to be fixed by the success with its publications that tween the new empire and Russia. in the last year it earned a net Surveyor of His Majesty the

profit from then of nearly King, for one further term of 24

£500,000. years less the last three days thereol.

Agreeing to the use of the So-

-(N.C.D.N.)

AUSTRIAN AMNESTY

Vienna, July 21.

Now if Parliament had de- Intending bidders are advised liberately planned this application that immediately after the dis of Socialism to journalism the posal of the lot the purchaser will pros and cons of so novel un enter" Dr. Kurt Schuschnigs. the Aus- be required to deposit with an prise would have been warmly trian Chancellor, is proclaiming on July 24 for be authorised officer who will be pro discussed and the issue facer.tween four to Ave thousand Nazi, sent at the sale, the sum of two But nothing of the kind was Socialist and Communist political bundred dollars, $200.00 in cash. planned. It was started almost prisoners.

an amnesty

дезе

GROWTH OF CHINESE PRESS

IN THE INTERIOR

Nanking, July 16. The most important "develop- ment la the history of the Obi-

press in

has recent years been its growth in the interior. the influence of which on

the formation of public opinion and the advancement of general cul- tural standards cannot be over- estimated. declared Mr. Thomas Ming-heng Chao, Reuter's 'corres-

over the Central pondent in Nanking, in the course of a speech Broadcasting Station

While retaining "Its importance as a vehicle of op nion, the Chinese

This sum will be refunded on inadvertently, and has grown It is believed that proceedings press, according to Mr. Chao, is payment of the purchase price.gradually, without much attention pending against another 100 poli-paying more and more attention. tical offenders will be dropped to news. especially "spot news." being paid to it. The public is Reuter,.

As on Illustration he. sald, the and "Shanghai".Sin Wen Pa0" simply confronted with the so-

their "Shun Pao" receive from complished fact that the statutory

Nanking, correspondents over the body which was established to

long distance telephone and by.

PARTICULARS OF THE LO

Locality.

New Kowloon

Inland Lot No. 2503, Registry No.

Tai Po Road,

Shamkhaipo.

Boundary

Measure-

meats.

As per

sale plan

Contents in

Square foot.

Annual

Rental

** | Upact Prics.

About

10,000

120

23,625

£574

the

14

FRENCH COAL INDUSTRY

Chinese

Paris, July 23. The Chamber or Deputies. by a The increase mostly represented Shanghal are vote of 400 to 170, passed a Goy-notes issued in exchange for silver visit, ernment for the reorganisa- withdrawn from circulation and in tion of the coal industry and the

the three Government banks, in foreign exchange, the position control of sales prices to-day, exchange for notes of other than with such a solid reserve backing

Government accepted. all which have been retired."

of the Chinese legal tender notes amendment providing that forly

had been further strengthened. per cent of imported coal must

This could not fall to have bene- be brought to France in French

ficial effects on monetary stability and economic revival.

The

ships.

Reuter,

PROMOTIONS IN

ADMIRALTY:

J

STABLE CURRENCY Stabilization of foreign exchange and the strengthening of legal tender notes bore an intimate re- lation to each other. Since the The Finance Minister suggested five patata 38 following legal tender policy went into the operation, the Chinese currency guiding principles of China's had been kept stable in relation to future financial administration:-

The leading foreign currencies.

(1)Curtailment of unnecessary three Government banks had free-expenses.. together with increase of manage broadcasting has become effect on other journals which telegraph lines from 10,000 to 30,-

London, July 22. ly brought and sold foreign ex outlays for productive and recon- proprietur of

bave not its resources, but have 000 words of "spot news" dally. The Admiralty announce that Ad- change for the purpose of ensuring struction purposes:" prosperous journalistic concerns.

Just claims to exist as organe of Chinese papers were much more miral Sir Herbert Meade-Fethers stability: Those ignorant of the What is to prevent further de- independent opinion? To many serious in their news contents than tonhaugh has been placed on the facts had described the Chinese

(3)-Readjustment of the existing velopment ? Supposing the B. B. of them so stern a competition foreign papers, political and anan- retired list at his own request to dollar as being pegged either, to

Vice- British sterling or the American taxes and the institution of new cial news reports' generally occupy date from to-day, and C. starts a daily paper, and at. would be disastrous.

ing the front pages.

Admiral Sir George Chetwode is in dorar. The fact was Dr. Kung ones This matter has evening paper, and a Sunday

(4)-Reform of the banking never been

Chinese papers were coming to consequence promoted to Admiral, said that the Chinese currency

to was independent and was not system and the promotion of paper, and uses its colossal re- discussed an fully as it should rely more and more on advertising Rear-Admirel Cunningham squires to establish them on the have been. But we shall hear revenue for their existence and Vice-Admiral, and Captain Elliot to linked to any foreign currency rural credit system; market? It might produce very more of it now that the whole growth While formerly a front Rear-Admiral. The last mention- Recently, the Chinese Government (5) Completion of the mica- good daily papere, and monthly question of the constitution of the page advertisement cost only about ed is placed on the retired list and had arranged with the United ton of the currency system and 50 cents. to-day it costs about in consequence Captain Watson is States Government to buy silver maintenance of the stability of magazines, and perhaps even corporation is to be brought before 1,000 in any of the leading promoted.

from China and to extend to the foreign exchange value of the British Wireles

China credit in American currency, Chinese dollar(Central News). books; but what would be the Parliament."

Shanghai dailles,Central New.

(2) Careful selection of tax col- lecting personnel;