1937-06-22 — Page 11

THE JAPAN HOTEL ASSOCIATION,

TAMI 1**

ATAMI HOTEL MEKTE HOTEL BEPPU (Kyonku)—| KAMUTON HOTEL (KUZENJI (Nikko) LAK BALDE HOTEL FUJI-FIVE LAKES DISTRICT:- FUJI NEW GLARD

HOTEL

(Lanke Yamanaka) Fun Vow Hozzi

MEMBER HOTELS

(54 MAME IN ALL)

IN JAPAN --

1KABATSU (near ® [MIYAJIMA,— EXIMONOBEKI

MITANMA HOTEL BANTO HOTEL

Fakuoka)

HONG KONG DAILY PRESS, TUESDAY, JUNE 22, 1937.

QUAI DE FRANCE FOREIGN

WALL STREET

IN GRIP OF

DEPRESSION

TO BE RAISED

KAKATRU SEASIDE

HOTEL MIYANOSHITA TAKARAZUKA Brokerage

KABUIZA WA—.

*MaMERI HOTIL *MIKANA HOTEL KAWANA om

KAWANA HOTEL

KOSHIEN (Midway

+(Hakone):-:

FUJITA HOTEL

NAGOYA

NAROTA HOTEL

between Osaka NIKKO —

Bid Koba)

(Lake Kawaguchi) KOSHI HOTEL FUKUOKA

KTOBRINTEI HOTILKOBE

GAMAGOBI:-

GAMAGORI HOTEL GIFU:-

Nasarasawalotaz| KAMAKUBA 200

* KATRIN HOTEL KAMIKOCHI

(Japan Alps) *KAMIKOCHI

INFERIAL HOTEL

ORIENTAL HOTEL TOR BOTEL KYOTO

KYOTO HOTEL MITAKO HOTEL KYOTO STATION,

HOTEL

MATSUSEIKAT PARK HOTEL

OBAEA-

Nagora KANKO

HOT

NARA

NARA HOTEL

KAMATA HOTEL

DOBEL HOTEL Karl Now OSAKA! OSAKA HOTEL OTSU (near Lake

Biwa) HOTEL LAXE Biwa SAPPORO

SAPPORO GRAND

HOTEL

(near Kobe) TAKABALUKA

TOKYO:

HOTEL

INTRIAL HOTEL MAP HOTEL Oxons HUTES, TORYGRAILWAY HOTEL

ONZEN

Krvary Hote BWIN-YO Horri UNIEN HOTEL ÜNZEN KANKO

YUKI HOTEL

Hotal

HOTEL NI

GRANT

Houses Slash

.::

Road Levelling Project

In addition to the "food-wall

Staffs To Bone which is being erected along the Bund by the Shanghai Municipal Council, a portion of the Quat de France (French Bund) is being raised, and although this is rather in the nature of a mad-levelling process, it is expected to do away with what slight flooding this part of the Shanghai foreshore suffers during high water periods.

The section of the roadway con- marked. The Labour situation cerned is between ' ävenue Edward and other uncertainties will pro- | VII and the Rue du Consulat. Al-

Wall Street was reported recent ly to be in the grip of a depression similar to that of 1935. Many bro kerage houses have slashed their "salaries and cut staffs to the bone.

Nevertheless, experta said no defeatism prevailed on the Street, although one commentator re-

on the New York Stock Exchange was 'sold for $85,000, a decline of $5,000 from the price of the last previous sale.

PETROLEUM

IN RUMANIA

New Mining Law

Causes Nervousness

Foreign petroleum eompanies at Bucharest are stated to be worried at Rumania's new mining law, un- der which they tear they will not be granted sufficient lands to maintain their former services.

Much nervousness'is'in evidence, and the sudden drop in Rumanian oll share prices on the Bucharest and Paris stock exchanges is attri- buted to the new law.

Astra Roumana, the leading com-

(Hokkaido) YOKOHAMA bably hold fluctuations to a nar-though the river-side part of the pany operating in Rumania and row range in the near future." roadway is quite Älgh enough--ap-which is controlled by Royal Dutch,

A seat

proximately equal to the top of which was recently quoted at 1830. the new Settlement food-wall-lel on the Bucharest market has the road stopes in an ever-increas- fallen to 1270 lei. During the same ing curve towards the shore-side period petroleum prices have re- pavement, and, slight coming oc-mained firm while the company's curs whenever the

Whangpoo production remains at a record River reaches abnormal heights. height.

IN TAIWAN (FORMO)— TAIHOKU-Taikoku RailWAY HOTEL

HARBIN:-

IN MANCHUKUO;-

IN CHOSEN –—

DAIREN: -

Heno RailwaT

FOTIL

YAMATO HOTEL

KEIJO :~

CHORE HOTEL

YAMATO HOTEL

BOSHIGAURA:-

YAMATO HOTEL

* Opan in Summer Only.

HOTEN (Maidan) YAMATO HOTEL HSINKING

YAMATO HOTEL RYOJUN (Port

Arthur) YAMATO HOTEL

For information, please apply to Secretary, THE JAPAN HOTEL ASSOCIATION Care of Trato Portau, Department of Railways, Toryo.

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LOWEST LEVEL

*

16

Wall Street slumped to its low- est level since August, 1936. Some or the market lost as much as se- ven points in a single day.

This is the part of the roadway which is to be raised. The Public Works Department of the French Municipal Council has started work on the project, which will entail

Leaders of the "foreign-controlled companies have informed Reuters that the new law favours the local companies, which seem likely to secure all the best lands.

They have pointed out to the

The "New York Sun" attributes this drop to the increase of social disorders and strikes throughout the raising of the pavement and the country and "the Govern- part of the roadway by an aver- Rumanian Government that the ment's inaction in maintaining ( age height of one foot. The ditter-local companies are in ng position order and protecting public pro-

ence between the old road level to exploit the fields; that they perty."

and that of the new one is to be have neither the capital nor the alled in with concrete, with a final technique necessary. It was point- dressing of asphalt. Work is ex- ed out also that taxes, from petro- pected to be completed by leum now' pay 32 per cent, of the the ⚫end of the .current'] annual budget of the State and month or the beginning of July.

The result will be a level road" slong that section of the Qual de France, with possibly a slight slope down to the level of the Settlement Bund where the two meet, since the latter is slightly lower. This is held to be an attributing factor towards the need for a food-wall

THE BANK OF KOREA

Security Reserve

Limit May Be

should the foreign companies not be given sumctent lands, produc- tion would fall to such low levels that the State budget would be the Arst to suffer.»

The Rumanian Petroleum Asso- ciation, under the presidency - of! Mr. Osiceanu, of the Steaua Ro- mana have not given up their

Increased on the Settlement section of the fight. They still hold out hopes of

The Bank of Korea is likely to be allowed by the Department of Finance to increase its security reserve limit for note Issues in or- der to cope

with the economic growth of Korea. The limit is at present fixed at "Y50,000,000, says the Japan Chronicle."

Bund.

CHINESE IS SO SIMPLE!!

"English is a rather annoying language on account of its rich supply of synonyms; but modern Chinese acmpares favourably with basic English."

| bringing about modifications in the law which will at least permit them to carry on. There are now. daily conferences between the di- rectors of the Royal Dutch and Standard Of subsidiaries.

"Chinese is not one of the 'world's most difficult languages, na popularly supposed; but is progres-loped into such a stage as will sa- alve, logical and simple," sald Dr.tisfy the requirements of an ideal When the Bank of Japan in- ] Tuan Mao-lan... Becretary of the modern language.” creased its limit from 120,000,000 Ministry of the Interior, :speaking |to Y1,000,000,000 in 1932, 18t is re- at Nanking

called, an increase in the above limit was suggested, but the matter did not materialize. Its note issue has since then been mounting year after year. Though the Bank withdrew from Manchuria some "The great Kang Hs1 Dictionary, me ago, the total note issue has compiled in 1711, includes' nearly not fallen off at all. As a matter 100,000 words" he continued, quot- of fact, more than 15 days of eached by Reuter, "but the present month show an Excess issze of day usage employs only three or Y:20,000,000 to Y50,000,000, and both four thousand characters, out of the Government-General of Korea which we have built a “basic" Chl- And the Finance Ministry admit nese by natural évolution without the necessity of increasing the the conscious efforts of any spon- limalt.

BOTS."

It is still unknown to what China had a simple system of extent the limit will be increased. word combination. For example, based on the present day require- "bicycle" was in Chinese "self- ments in the Peninsula, a security | gearing-car,” OF "foot-treading- reserve limit of 100,000,000 is | car." "Electric-speaking” meant adequate, but the Bank Manage- | "telephone" and "Electric-mes- ment wishes to fix the new limit sage" denoted "telegram.” at F150,000,000, because it has been "Chinese as it is spoken and planning the develop its business written to-day," Dr. Tuan con- in North China positively.

I tended, "has already been deve-

INTERNATIONAL EXPOSITION TO BE HELD IN NEW YORK

New York Foreign participation | General's omice in New York, will on a scale never before equalled erect an imposing pavilion to was assured the New York Inter-house her exhibita, and it is national Exposition of 1939 when known that other countries are the International Convention | planning along the same lines. Bureau, composed of 22 nations,

Nations of the Far East are very

met in Paris and formally approv-much ed the rules and regulations of the exposition."

2

}

Interested in the New

York Exposition, Prince Chichibu. younger brother of the Emperor of The Bureau had already allocat- Japan, was enthusiastic when he ed the year 1939 to New York visited Exposition headquartera Tals meant that no other inter- recently, and expressed the national exposition would be re opinion that his

government conized during that year. Final would take a prominent part. action was taken when Mr. Grover China and the Philippine Islands. Whalen, President of the Newjare in contact with Exposition York International Exposition executives. President Manue 1939, went to Paris early in May, Quezon inspected the Exposition Immediately. Great Britain site and discussed plans with Mr. France, Italy and Russia announce Whalen. Hawall may appropriate ed, oficially that they would par $300,000 for a pavilion. ticipate, while Finland, Gustems-

it

la, Roumania and the Dominican Reports from Latin American Republic had already come in capitala indicate that these great Members of the International nations, in a constructive effort to Bureau include the following continue the good feeling catab countries: Albania, Australia, Bel- lished by President Roosevelt's glum,

recent tour, will erect imp Canada, Czechoslovakia Denmark Finland, France, Ger buildings and send lavish many, Great Britain, Greece, Italy, All in all, thirty-seven of Morocco, Netherlands, Poland, Por countries formally invited by tugal Roumania Russia Spain; aident Roosevelt have Sweden, Switzerland and Tunisia: desire to participate, Commiss FLABORATE BRITISH PAVILION❘er of the air sent

Italy has appropriated. $525,000 Bouth America and the Far for participat Great Britain,

|26en :: ST#ywhere

according to the British Consul received.

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DRY GIN

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NO COLOURING MATTER

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URGENT!

11

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CHINA JAPAN MALAYA PHILIPPINE ISLANDS INDO-CHINA, NETHERLANDS

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(Published by The Hong Kong Daily Press, Ltd.)

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1937

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