1937-06-08 — Page 6

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HONG KONG DAILY PRESS, TUESDAY, JUNE 8, 1937.

FUTURE OF GOLD

DISCUSSED

Maintenance Likely

The question of the price of gold, with special references to the recent disturbances on the Johan- nesburg Stock Exchange, was dis- cussed at some

MONARCH GETS HIS WAY

White Queen For Djokjakarta

A Monarch who declared that he would abdicate if forbidden to marry the woman be loved. has length by Str had his way. Ernest Oppenheimer, presiding at

The Sultan of Djokjakarta, in the annual meeting of the Anglo-Java, told Queen Wilhelming of American Corporation of South; Holland, who forbade the 'mar- rlage, that King Edward VIII of Africa at Johannesburg.

England had set a precedent which he would certainly follow.

Sir Ernest said there were so many factors to be taken into ac- count that it would be idle to prophesy "what the

future price was likely to be, but it was difficult to see why the sterling price of gold should vary appreciably from its present level

The Queen then relented, and' next month, the Sultan will marry Nadia Vlassov, lovely Russian- Greek girl of 19, whom he recent- "ly met at St. Moritz.

יז

MET AT "ST, MORITZ He attended the recent wedding of: Princess Juliana, in Holland, and afterwards went on a holiday

It was there he met Nadia, and both fell quickly in love.

HR.H. Pakse Alam Soer Jodi- „He would add that the effect on loge," Sultan of Djokjakarta, rules dividend distributions of the Randover 15,0000,000 Javanese. gold mines of a moderate fall in the gold price would be much less than might be imagined owing to the incidence of present taxation. MINES CAN OFFSET REDUCTION | to St. Moritz -

Moreover, most mines could off- set any small reduction in the gold price by raising the grade of ore.

Nadia's marriage was strenuous Sir Ernest admitted that recently opposed by her mother, who has experience had shown that the resided in Milan since the Russian internal purchasing power of revolution, because of the Prince's, money did not depend on the colour. But after the Dutch For- operation of a free gold standard | eign Office had verified his creden- ar on a fixed gold price, but this tials, and she saw that he was was obvious before the British ex-genuinely in love, she relented periment with managed currency

and consented to the marriage. began.

The Importance of gold to-day," he sald, lles, in its universal ac- ceptance for International settle- ment, and so long as it is accepted there will always be buyers of our output.

"Moreover, notwithstanding man aged currencies, gold still serves as the basis of credit in most civilised countries. The gold standard. is the only means of fixing over a long period the rates of interna-. tional exchange.

Then came the stumbling-block. Holland rules all Java, and no rul. ing Prince of Java can marry without the Royal consent.

Queen Wilhelmina WRS ob durately opposed to the marriage. It was then that the Sultan quoted; the case of England's ex- King, and declared that he would fallow his precedent.

ONE CONDITION Queen Wilhelmina, then agreed to the marriage, making her con- sent conditional upon the Sultan's subjects agreeing to have a white

"The Importance of the tripartite agreement iles in the fact that it may well pave the way to a ge-queenL neral return to the International But as soon as the 15,000,000 gold standard, which alone is capa- heard the news they were delight- ble of giving the conndence neces-ed at the prospect of having a sary for the much-needed increase European Sultana. in world trade.”

Reviewing the "position of gold mining companies in which the Anglo-American Corporation is Interested. Sir Ernest said that Libanons and Ventersposts. (in which "Writs" have

extensive holdings) were no longer in the speculative stage but had an as- |sured future and a long We ahead of them. West Wits also was in an excellent position"

MINING ENTERPRISES SOUND

Seconding the motion for the adoption of the report and ac- counts, Mr. R., B. Hagaret, chair- man of many of Anglo's concerns, said: "We believe that all our mining enterprises are intrinsically sound, and despite what may hap- pen to the market prices of shares in times like the present, the point to be remembered is that the var ious mining companies are pro- ceeding with their operations un- disturbed."

Turning to the Corporation's copper interests he said Rhoangio's maiden dividend marked the be- ginning of what he trusted would be a period of prosperity for that .company. Rhokanas had proceeded steadily with its programme of equipping the Nkana Mindala mines for the output of 10,000 tons of copper monthly, which capacity would be reached in the second half of this year at latest. The Mufulira accounts should show substantial profits at June 30 next. with a dividend at no distant date. He also referred to the enhanced prospects of Rhodesian Broken Hills under the new reorganisa- tion scheme.

204 YEARS":

Warsaw,

A bridal couple whose combined.

ages is 204 years has applied for

a marriage licence in the central..

Polish town of Rzeszov.

The bride, Helana Niedzialkov- ska, was born in 1830 and her prospective husband ten years inter,

Appearing at the registry office, both declared themselves to be in perfect health and spirits and stated that the ground for their marriage was mutual afection and the wish to spend th last years of their lives together Tramocean Kuo alin.

Nanking. Found gulity of illicitly selling important military books and documents, Cheng Kuang, aged 35, a native of Hunan, was executed by the local Garrison Headquarters after trial by conft martial

Kuo Mini

At least one million of thens will visit their Sultan's capital. "next month to take part in the brillant wedding festivities.

CHINA NEWS

ITEMS

Loyang. General Chiang Kai- shek, President of the Military Affairs Commission, has remitted $10,000 to the local authorities for urgent drought relier in Western' Honan. Kuo "Kin,

Canton.

Scientific methods for increasingTM the production of silkworm eggs were discussed at a meeting of over 100 sericultural experts from different sulk-producing centers in Kwangtung held at the Kwang- tung Sericulture Improvement Bureau. Mr. Liao Chung-chen. the Director of the Bureau, pre- sided. Kuo Min

*

Tientsin.

A Reconstruction Commission, consisting of prominent" members of the local gentry and merchants, was formally organized by the Tientsin Municipal Government to attend to projects for the deve- lopment of Tientsin and supervise the application of the loan of $1,000,000 borrowed from a local

banking syndicate for reconstruc- tion work-Kuo Min.

Nanking.

Having completed his inspection of the bubonic plague situation in Fuzlen, Dr. J. Heng Liu, Director of the National Health Adminis tration has returned from Amoy. He said that effective measures to combat the epidemic in that pro- vince are now being carried out under the direction of doctors sent by the Health Administration.- Kuo Min.

"JULIANA YOUTH FOUNDATION"

The Hague.

The large sum of money which was presented to Crown Princess Jullana by the Netherlands East Indies Committee as a wedding gift has now been used by her to form an endowment which under the name of "Juliana Youth Foundation" will be used for the furthering of the physical develop- ment and education of the youth in the Netherlands East Indies.- Transocean Kuo Min.

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