1937-06-03 — Page 8

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HONG KONG, JUNE 3, 1837.

WHAT PRICE GOLD?

un economic sense the Presidency of the United States provides the most influential voice of the day.

MALAYAN

INQUIRY

HELD UP

Indisposition Of Sir Atholl MacGregor

The sittings of the Committee appointed by the Malayan Govern- ment to consider the restoration of temporary' allowances in the Public Service have been delayed as a result of the indisposition of the chairman, Sir Atholl Mac- Gregor, Chter Justice of Hong Kong.

Definite plans for the working of the Committee were, it is under- stood, to have been Analised upon Sir Atholl's arrival, so that his in- disposition will mean a delay in the holding of the inquiry, statea the "Malayan Tribune."

Recently a notification was is-

A few weeks ago, President Roosevelt said that the price of sued stating that the Committed

HONG KONG DAILY PRESS. THURSDAY, JUNE 3, 1937.

HONG KONG RIFLE

ASSOCIATION

Mid-Week Spoon And Practice Shoot

The mid-week spoon and practice shoot of the Hong Kong Ride Association was held yesterday afternoon at the Kowloon City ranges. The weather was hot though a cool breeze prevail- ed throughout the afternoon. Visibility was exceptionally clear. The following were the leading scores:--

S.R. (b)

# Score at Score at Score at Aggregate Ass'n 200 Yda. 500 Yds, 600 Yds. H'cap. Nett

The above 'competitors used the “1914” rifle

Nett

Surg.-Lt. Mackie, HK.N.V.F. 9.

31-*

Rin. Murphy, 1/RU.R.

Score

Nett. 941 91.

Rfn. McAteer, 1/R.U.R.

Rm. Stewart, 1/R.U.R

S.R. (a)

Rin. McGahey, 1/RUR.

02-

S/Sgt. Cheshire, RAO.C

*31

L/Cpl. Ganly. 1/R.U.R.

Day 27

Ría. Starcrd, 1/R.U.R.

Rin. O'Hare, 1/RUR.....

25,

Rin. Nolan, 1/R.U.R......... 10

80*

*--Denotes the winner of the "nett” spoon. *—Denotes the winner of the "handicap" spoon. NOTE: The handicap of each winner has been reduced by one point as shown. This procedure applies to all B.R. (a) and 8.R. (b) spoon shoots.

Trying to spot the winner at the paddock

"IRON LUNG” PATIENT

copper was too high: In all was inviting written, representa- Leaves Peiping For

world markets the price of copper tions from members of the Service, .fell.

delegates of representative bodies

Even other high prices of the Service, and members of the that he did not mention proceed-public too, on the question. ed to decline on the assumption that he might be contemplating restraint over a wider field...

This presidential procedure was exercised when he assumed office in 1983. However, in those days, when most prices were at depression lows, he talked up prices." The babit was often the prelude to putting up prices by monetary and other means. For this reason the new habit of "talking down prices" is regard. ed in market circles as the har binger of things to come. cularly has this expectation been related to the price of gold.

The Committee was also inviting oral representations in support of

whatever has been seat in to the Committee in writing.

To date no representations have been received.

The members of the Committee, the Chairman, com- apart from- prise three from the 6.6. and three

from the F.M.S., who are as fol-

lows:

The Hon. Mr. W; D. Barron, The Hon. Mr. Tay Llan Teck The Hon. Mr. H. W. Raper. Mr. E. D. Butler, of Kuala Lumpur.

Mr. J. Dewar (Surveyor Gen-

Parti-eral).

The price of gold was fixed in the devaluation law of 1934. The President was then authoriz- ed to devalue the dollar, to within 50 and 60 per cent of the old parity in gold. He chose 59.06 per cent. Will he now make any change? Twice he has de nied that he is contemplating it. This protestation, however, has not stilled the guessing..

The world financiers, indeed, discovered a loophole in the de- valuation law to which attention has repeatedly been drawn. This is a provision that the President could order the buying "of gold “at auch rates and upon. such terms and conditions as he may deem most advantageous

The Hon. Mr. G. E. Teale.

DROUGHT IN PEL HO DISTRICTS

Tientsin, June 2.

A severe drought prevails in the

districts north of the Fel Ho, and owing to the absence of rain, the different crops are scorched and

withering.

Even the river is drying up, and owing to the shallowness of the water, all junk and steamer trame between the different river ports has ceased for the time being.

In the vicinity of Ho Ho over one hundred feet of the river bed on both shares is exposed 'at low- tide

Chinein Evening Preu.

BROKEN ARM

Shanghai

Peiping, June" 2.- Encased in an iron lung" in which he has lived since he entered

the Peiping Union Medical College : March 31 last year, when he was stricken with infantile paralysis in the course of a world tour, Mr.

FINANCIAL AID TO CHINA

No Planes Over The Chateau

(Continued from Page 1)

the whole of the British and Emi- pire press, a French newspaperman and three Americans.

'The' wedding cake 'has arrived from London.

An altar has bɛen efected in the music room of the Chateau for the religious ceremony.-

Reuter.

"WALLIS BLUE"

Tours, June 1. The hour for the Duke of Wind- sor's marriage to Miss Wallis War- feld has been advanced, an hour and will now take place at 11.30

Four copies of the marriage cer- tificate are to be handed to the British Consul at Nantes for Lon- don registration.

Miss Warfield's "Wallis blue" wedding dress has now been com-. pleted.-- Reuter.

†

JAPAN REVIEW

An Ambassador's Farewell

Speaking at the banquet in Tokyo of the Japan-British Society, the British Ambassador, Sir Robert Clive, made a blunt reference to the misguided zeal of some oficials called on to deal with foreign residents or visitors to this country.

"I cannot help feeling." he declared, "that much of the time. }"energy and money devoted; to propaganda in this country is often

lost through the zeal of unthinking subördinates who are tied to a too rigid interpretation of certain rules. The finest propaganda effort and far the most successful in recent times is the record night of the Kamikaze from Tokyo to London. It struck the imagination of Englishmen, who were ready figurativelý 'to embrace the two 'Ja- panese airmen "as representatives of a great country which at once. rose several points in their estimation.

"But here in Japan a tendency seems to be growing to suspect that every foreigner is concerning himself with things that are not his contem and prying into matters which he should ignore. · I suppose- that several hundred British people come to Japan annually, but. I have a feeling that many more would come if they did not have to go through such an inquisition before landing and did not run a "permanent risk of belig arrested for unwittingly taking a photo-".

graph in the wrong place.

"If during the past. three years I have had some troublesome mat- ters to discuss with the gentlemen `at the Gaimusho, I hope I am right in thinking that there has been no ill-will on either side and that no fllfeeling remains-on my side certainly there is none."

The Cool Shortage Problem

Interesting discussions regarding the future supply of coal the consumption of which has been mounting for some time due to the animation of heavy and chemical industries were made by the Osaka Industrial Society at a committee meeting recently.

Japan's annual consumption has been mounting at an annual' · rate of a little over ten per cent. since 1931. The total consumption in Japan Proper stood at 27,000,000 tons in 1931, but the 1936 total was as heavy as 43,500,000 tona. Based on the. above rate of in- crease and with due consideration to the present position of various industries, It is now certain that consumption in and after 1941. will pre-exceed 70,000 tons. Thus Japan must increase her annual output by

27,000,000 tons within the next few years.

MARRIAGE CONTRACT The marriage contract between the Duke of Windsor and Miss Wallis Warfeld was signed at the Chateaur de Cande before a French notary public who had been specially summoned from Tours, writes a Home correspondent.

The details of the contract will not be made public, but I under- stand it was the regular nuptial marriage contract accord ing to the French formula, known `as the "separation de biens,” under which the two contracting parties are allowed to retain their own private property. At the Duke's special" request a clause was in- serted containing the proviso that the parties would be subject to English law.

The marriage settlement has now been concluded and not be affect- ed by the French contract.

It was confrmed at the chateau that the civil marriage would take place in the morning of June 3, and that the Mayor of Monts, M. Mercier, would omciate. Mr. Her man Rogers said that the detalls for the religious ceremony, which will follow the civil one, had not yet been settle, but would be made

known later:

NO BRIDESMAIDS

I can now give some more de- tails of the arrangements which are being made for; the marriage.. It is the Duke's wish that the cere-

"The outlook of the colliery industry. however, hardly admits of unqualified optimism. Although the production in Kyushu last year constituted 64 per cent, of the national total. It in highly doubtful whether such a large percentage will be retained in future, the general impression being that the prime has already been seen.. Nor. is it possible to pin much hope to Ube (Yamaguchi) were operations are now being extended even under the seabed of the Inland Sea. Hokkalda, and Karafuto (Bagħallen) are the only hopeful sources, but the former has poor transport facilities and the latter climatic dira- culties.

A certain expert holds the view that in the next five years Ja- pan, will be able to increase her output by only 15,000,000 tons: “7,000, - 000 to 8,000,000 tons in Hokkaido, about 2,000,000 tons in 'Karafute and about 5,000,000 tons in the mainland including Kyushu.

If so, there will be a shortage of 12,000,000 tans, which must be sought in other countries, especially Manchoukno and North China. Hence the suggestion in many quarters to form a coal bloc in the Asiatic Continent so as to ensure a liberal supply.

Cocoon Raisers' Earnings

"Japan's two million cocoon raisers are likely to have another rosy year this year. It is expected that there will be a heavy increase in their earnings not only through an advance in price but also through an increase in consumption,

The stock of raw silk both in Japan and abroad at the end of April was the smallest in recent yeark Compared with a year ago, it

Definite Scheme "Not mony should be dignited and sim- showed a decrease of over 5,800 bales. There is practically no stock.

Yet In Sight

London, June 2. Mr. T. K. Tseng, Vice-Minister of Chinese Railways, who remained

parture from London, te-night left in London, after Dr. Kung'a de- Parts for. Berlin. He returns to London on June 10.

Interviewed by Reuter, Mr. Tseng Frederick Snite, jun, son of an said that he had held conversa American millionaire, accompanied tions with several leading, finan- by doctors and nurses proceeded to | cial people who never found con- Shanghai by special train at 12.17fidence In Chinese conditions generally so high. He emphasised, however, that any definite scheme of financial assistance to China could not be expected to materialise for a considerable time get as there were many preliminaries to be dia-

p.m.

价

He will sail from Shanghai on the President Coolidge on June 6 for San Francisco route to

Chicago.

The journey is costing his parents the sum of U.S.$50,000— | cussed.-Heuter. Reuter.

PROTECTION OF CHILDREN

It is reported that the Hon. Mr.

N. L. Smith, Officer Administering the Government will patronize the performance to be given at the King's Theatre on Saturday the 5th instant for the purpose of raising funds for the support, of the Society for the Protection of Children.

It is understood that the Society has at present under its protection over 400 children, many of whom are boot-blacks and hawkers, and the Society's funds are used main- ly, for the payment of the children's licence fees in order to prevent them from being arrested by the Police.

This is the first time that the

in the public interest any Five-year-old Kwan Teu-yuen, Society has attempted to raise provision of the law relating to was admitted to the Government funds publicly.

the maintenance of parity

to the contrary notwithstanding.

The effect of this item is to obliterate the restraints upon presidential action. The deva luation law sets devaluation with- in the limits of a 60 and 60-cent dollar. Under the Hoophole,"

Civil Hospital, yesterday afternoon Chinese Evening Press. suffering from a broken left arm.

He was knocked down by lorry No. 4039 in Apeat Street.

without an additional grant of power from Congress.

NURSES FLYING TO

GIBRALTAR··

London. June 1..

The Air Ministry announces that

ple.

of cocoons to be carried forward to the new season soon to begin.

The above improvement is due partly to the restricted produc Only about 20 guests have beention in recent years and partly to the sharp increase in consumption

Invited. They are expected to at rive at Tours about June 1, and will stay at the chateau.

There will be no bridesmaids or matron of honour. There is to be

understand, but the guests will be no formal wedding reception, I

entertained at an informal lun- cheon at the chateau. The Duke and his bride will leave immediate ly afterwards for their honeymoon. It was revealed that the honey- moon would not be spent in Wasserleonberg: The Duke first:

take his bride a

in the United States. Now that economic aspects in the United States have improved, it is believed that the present rate of con- sumption will he well maintained. The general impression is that the quotation will remain steady at the Y800 mark. If so, the new cocoon season may open at Y6, and even at the worst it will yield Y5.40 or 75.50. Last year's average was Y5.02 for white and Y5.16. for yellow.

Because of the above sharp increase in consumption, cocoon: raisers have been endeavouring to increase the brushing of hatched replanting in recent years. The Cocoon Raisers' Federation belleves egg-cards. The supply of mulberry leaves is adequate, thanks to the

that there will be an increase of from five to ten per cent. In pro- duction. It is stated that there will not be any big fall in prices even planned to

if the production' is brought up by ten per cent, - Austria and he had taken Count will be much larger than those a year ago,

All in all, it is certain that cocoon raisers' earnings this sessori Paul Munster's house from June 1. other arrangements have now been made and the Duke will not take up residence in Wasserleonberg- until July 1.

I understand that part of the honeymoon will be spent in Ger- many, probably in Wiesbaden. It is likely also that the Duke and his bride will visit Italy before going to Austria.

two Royal Air Force flying boats nurses to assist in nursing the will fly non-stop to Gibraltar on German sailors injured in the bat an act of mercy. They will leave, tleship Deutschland.— Calshot at 4 a.m. with four Army British Wireles

HONG KONG TIDE TABLE From June 3. to 9, 1937.

Hian W

Height.

LOW WATE

ོཚུ་Kont;

Boog

Hong

Kong

Standart Time

Standard

Time

MAHARAJAH'S TOUR

Thor 3

Fri.- .4

Bat.

Buo

b. mb.

153751

Mon.

Hamburg, June 1. The Maharajah of Baria, who attended the Coronation celebra- How great are the President's tions in London, arrived here to- monetary powers! No wonder day accompanied by his wife Toek.

is important because the trend that his voice makea world and a large retinue. After a stay

it could be put anywhere. This

of discussion nowadays is that the bourses quake 1

President cannot put up the Hence, the question, 59,06-cent dollar beyond 60 cents · price gold" "

"What

In Hamburg of three days, the Maharajah will travel to Berlin in the "Flying Hamburger.” Transocean" New, Service,

Wed.

70817

605-3 [60]

188745

06.27.165)

Height

22 33 11.44 22015

-0004₤37

9000441850 1

WEATHER REPORT

ROYAL OBSERVATOR? . HONG KONG

10 am, June 2. Barometer. (at' sea level), 29.76

inse

Temperature, 78 F. Humidity, 76 per cent,

Wind Direction, E

Wind Force (Beaufort), 4. Temperature, maximum yester

day, F

Temperature.

night, 71

minimum last

Rainfall for 24 hrs. ending 10h. to-day, 0.03 ins

Total rainfall since January 1. 19.93 ins, A «Against an average of 23.43 Ins. Sunset to-night, 7.01 p.m.R Bunrise to-morrow, 6:38 am S. 4 p.m., June 2

7 07.38 72 50 1:0 2014+ 1440 10 8 08 09 01 20 30 Barometer (at sea level), 20.70 12 1044-15 20 02Temperature; 81 Humidity 73. 12.50-8 01 02 15 a 0.

Wind Direction, E Wind Force #1616;

1(Beaufort), 4 Maximum tempera

ture 83. Minimum temperature, 70. Rainfall, nil

On Industry Control

Admiral: Godo. Minister of Commerce and Industry, is planning. either to revise the Key Industries Control Law or enact other legisla- tion so that the Government may be able to control all principal Industries more effectively than at present in the interests of the consuming public.

The Key Industries Control: Law was introduced in 1931. în ac- cordance with the industrial rationalization scheme. Its primary object was to enable industrialists to form cartels for the promotion. of their common interests. In order to cope with the change of the Kituation, the Government revised the Law last year, supplementing the measure with a clause relative to the supervision of "trusta”, The Government is now in a position to issue wärnings or orders to- "the" manufacturers concerned from the point of view of public wel- fare.

The main feature of the proposed revision will be the provision "for Government authority to establish cartels compulsorily and issue

orders relative to production, sales and other matters. ́ It may be 10. arranged, that all manufacturers specified shall be required to fix their sale prices with the previous approval of the Commerce Ministry. At present the Government can do nothing against manu- facturers who have no cartels even if their prices are bolstered up unreasonably and to the annoyance of consumers."

Olympic Committee's Worries

Once again the Tokyo Olympic stadium site problem is left un- settled!

Recently, the Athletic Department of the 0.0.0-held" a con- terence in Tokyo and agreed to adopt. Dr. Kishida's plan of improving the Meili Jingu Outer Garden. But in view of the fact that the Melji, Jingu Outer Garden councillors of the Shrines Bureau are opposed because of a fear of spoiling the beauty of the Garden, it is still problematical whether the Outer Garden will finally be selected "as the Olymple stadium site,"

Regarding the proposed Far Eastern Games Conference, the Philippines Athletic Association which was naked to despatch a re- presentative to Japan, has asked the Japan Athletic Union what it is all about, coNING ALS

Replying to this inquiry, the AAU cabled the following reply. (a) The A.AU. wishes to hold the first Far Eastern Games next year, (b) If the Philippines ands it absolutely impossible to participate another conference must be held to decide the postponement of the Game (0) The possibility of holding an International invitation meet in the event of the postponement of the Far Eastern, Crames,

1937-06-03 — Page 8

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