1937-06-11 — Page 11

"One of the world's

greatest transport

systems

HIS SPONTANEOUS TRIBUTE TO IMPERIAL ADWAYS, APPEARED IN'

“NEWS WIEN A WELLKNOWN AMERICAN NEWSPAPER

Since its organisation twelve years ago, Britain's Imperial Airways ..... has been one of the world's greatest air transport systems.... It was one of the first air lines in the world to show a profit... Its flying and mechanical staffs" have been consistently excellent.... The Air Ministry has decided that the Empire needed a strengthened air transport service.... Thus Imperial Airways' re-equipment programme has not only been started but pushed forward with the utmost dispatch.... Back of all this astound- ing energy lies a new British air transport policy that causes transport experts of other countries a lot more concern than the explosion of the *slow-old-Imperial' tradition. ... All first-class mail addressed from one part of the British Empire to the other will be carried without surcharge .... What such a British policy means to the rest of the world's air lines remains to be seen, but most observers expect wide- spread repercussions. . . . In any case the sleeping lion now aroused is showing no lack of speed in getting under way'

Imperial Airways

Booklage and leformacion from IMPERIAL AIRWAYS (Pan Kam), LTD.,

4. The Arcade, PENINSULA HOTEL, Kowloon, Taliphone: 10909, of the Company'ı Booking Agente.

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MEDICINAL TOILEY

HONG KONG DAILY PRESS, FRIDAY, JUNE 11, 1937.

GENERAL SMUTS

"NOT AFRAID"

Position Of Gold In The Transvaal

Lydenburg. Transvaal,

June 8. Questioned at a political meet- ing here with regard to the post- tion of gold, General Jan Smuts issued the following statement:

"I do not speak as an expect, from authoritative information at my disposal I say I am not afraid; "The best and most reliable in- formation ts that the gold position is not in the least in danger and the price of gold will be maintained,

"Rumours OX the last few months, which were responsible. for the slump, were not founded on fact. They were only meant to mislead and were calculated to sell at a loss so that others could buy and make a pront

"As far as we can ascertain the position of gold is sound and safe as ever." Router.

NEW TAX PROPOSAL

London, June 9. Asked by the Opposition leader in Commons when the Govern- men's new tax proposal would be presented to the House, the Prime Minister replied. "I cannot yet say with certainty when the pro- posal will be available but the Chancellor of the Exchequer hopes to put the necessary. ways and means of the resolution on paper in the course of the next week.”— British Wireless.

WHOLESALE PRICES

London, June 9.

RAUB AUSTRALIAN GOLD

MINING CO., LTD.

The following is the report of the Raub Australian Gold Mining Co., Ltd. for the four week's ending May 22, 1937.

MINING-DEVELOPMENT

SECTION Bukit Koman

Shaft CrosS- Sinking cutting Driving

Winding

Rising Total

$3.

246

342

105

746

Lilburnet.

བནས་སྙིམ་པ།

99

01

5

195

Derrick ..

82

155

18

253

Anderson

173

119"

12

304

52

183

227

7

459

Bukit Jalia

82

102

16

200

Bukit Malacca

22

23

45

115

867

Raub

گرام

BUKIT KOMAN SECTION No. 6 Level:-The South drive was extended 10 feet and met the drive from Lilburne Shart

No. 7 Level:-Advanced 73 feet to 655 feet and crosscuts East and West were driven.

At 580 feet in country rock con- inecting rises were started on this

Jevel.

"

No. 8 Level:--Crosscut from main shaft driven 42 feet to 388 feet cutting a payable reef at 350 feet.

Driving was started on this reet. The South drive was advanced 40 feet to 57 feet in country rock.

No. 9 Level:-The South drive was advanced 42 feet to 545 feet in low grade reef channel and 89 feet of crosscutting was done at 330 feet and $30 feet South....... The West crosscut, at 430 feet shows free gold in the face.

1,098. 188 2,204

BUKIT JALIS No. Leel:North drive (50 feet East) advanced 28 feet to 192 feat North on low grade reef. A reef found at 18 feet West of shaft was faulted off, the fault, has been followed for 18 feet giving payable

ore.

.1

MINING ORE BREAKING Section Sulphide Oxidised. Total Bukit

2.125

Koman Lilburne Derrick Anderson

632

2,125 632

337

337

49

480

539

Raub

923

121

1,044

Bukit Jallis 114

108

222

3,548 1,351

4,890

TREATMENT PLANT Ore treated toms, 4.881. Crushing hours, 8,556. "Proportion of full time, 97.8 per

Bullion produced ozs., 2,000 oz. Residues: discarded-dwt. per ton. 2.2.

LILBURNE SECTION No. 6 Level:-The main Northcent. drive met the South. drive from Bukit Koman Section,

The South.drive was advanced 56 feet to 123 fest Bouth and 71 feet of crosscutting done in coun- try rock.

DERRICK SECTION. No. 4 Level:-Development on this level has found nothing ni Rote.'

No. 5 Level:-East crosscut (250

રા

0.0.

Residues stored-dwt. per ton,

Concentrate to storage 29.8 „tons" at 9.0 dwt. per ton.

GENERAL

In the construction of the treat- ment plant the ball mill "founda- tions have been, completed and the j

tions are under construction.

The Board of Trade Index of feet South) advanced 64 feet cut-retaining walls and pump founda- wholesale prices, which has risenting numerous low grade reefs." continuously since last June, was 1.7 per cent higher in May than in April. During the year ended last month, the general index number has risen by about 20.5 per cent, food prices having increased by

about 15.5 per cent. and industrial materials and manufactures by 23 per cent.

British Wireless.

KWANGSI CURRENCY

ADJUSTMENT

Shanghai, June 0.

No step has yet been taken by the Ministry of Finance to stabilize

ANDERSON SECTION No. 7 Level:-At 530 feet South East Crosscut driven 38 feet in Crosscut driven 41 feet. Main North drive advanced 45 feet to 131 feet in

formation

and

West

narrow reef and 35 feet of cross- cuts driven at 100 feet North.

Prospecting at Bukit Hitam has disclosed several small payable reefs.

ا.

RAUB SECTION Main Shaft sunk 62 feet to 312 feet.

No. 8 Shaft-Winze from 86 feet level sunk 7 feet to 49 feet in pay- able ore.

No. 27 Shaft:-Drive at 85 feet level advanced 35 feet to 55 feet

the banknote situation in Kwangst in reet containing patchy values.

in spite of contrary reports in the papers, the Central News Agency | learned to-day at the local office of the Finance Ministry.

85-

Mr. Huang Chi, manager of the Kwangsi Provincial Bank, is re- ported to have sought the sistance of the Central Authorities in adjusting Kwangst currency. He is said to have submitted a report to the Ministry of Finance on the amount of notes issued by his Bank and the silver reserve in stock.

Chinese papers reported that the Ministry of Finance has mapped

out four steps in the.. adjustment of Kwangsi currency after an investigation into the financial state of affairs in that province. This is stated to be without foundation, according to the off- cal news agency.

Dr. Kan Chich-kou, former Commissioner of Foreign Affairs in Canton and now a liaison officer of the Kwangai provincial forces, is also in Shanghal on the same mission as Mr. Huang Chi.-"

Union Neus,

PROSPECTS OF AN ANGLO-AMERICAN

TRADE AGREEMENT

London, June 9. right atmosphere but they would During the Commons debate this not do that by failing to recognise evening on the Finance Bill, bóth that there was a vast deal still to the Chancellor of the Exchequer be discussed. He added, "I am not and the President of the Board of going to undertake to make any Trade referred to the prospects of further statement on the subject. an Anglo-American trade agree- I submit it is plainly right in the ment. Their interpretation arose circumstances to continue the out of a Liberal amendment pro- stabilisation, of the rates of im- posing to limit to six months the perial preference.. If it had been authority given in the Bil for the the desire of the United States in continuance of Imperial Pre- any discusions for a possible treaty ferences. It was urged by the. Li-with Britain to use those discus- beral speakers that nothing should stons to destroy Imperial Pre- be done which might interfereference, it would have been im with the success of the efforts to secure a trade agreement with the United States.

| EXPLORATORY WORK

• Sir John' Simon said that the discussions with the United States were at present informal and ex- ploratory. No advantage" was to be gained by exaggerating what was at present the fect. Informal and exploratory work was being done to determine whether a basis could be found for trade negotia tion. The Dominions had been kept informed of what was going on, and there was no reason to think that matters would be faci- litated by the limitations proposed in the amendment

It was most desirable that these negotiations and all other negotia-

possible for the British Govern- ment to give any answer, but a negative one, but that had never been the American attitude.

ANXIOUS TO FIND BASIS Mr. Oliver Stanley deprecated the idea that all the impetus for an agreement came from 'America and all obsatcles from London. It had no justification. The House of Commons and the country, and certainly His Majesty's Govern- ment were anxious in these ex- ploratory conversations to find some basis for negotiation. If the practical dificulties were over- come, if the negotiations took place, and if an agreement was arrived at, he hoped it would not be only Britain and the United states but the Empire and the world as a whole that would and

tions leading towards a freer solid advantages in expanding

and more general, exchange of trade.

goods should be conducted in the Brick Wireless..

Foundations of the roasting fur- nace are complete and various. agitator tanks under construction. Erection of the ore bins and thickener tanks are proceeding satisfactorily.

In the power house all founda- tlons are now complete.

BULLION Bullion despatched: 2,497 oz.

A Great Name

a

and a

GORDONS

DRY GIN

DISTILLITE LONDON:

Great Gin- Gordon's

URGENT!

11

SUMMER CLOTHING-ALL SORTS AND SIZES

will be gratefully received by the

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'On

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From 10:30 to 12:00 Noon.

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"

CHINA JAPAN MALAYA, PHILIPPINE ISLANDS, INDO-CHINA, NETHERLANDS INDIA ETC.

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1937

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