1938-12-17 — Page 11

HONG KONG DAILY PRESS

Styled for Winter Wear.

3 - Button

-

Herringbone

$16 & $19

We were the first to introduce the 3-button. jacket to the men of Europe and its gratify- ing popularity leads us to introduce a winter adaptation of that style. In the smart her-

ringbone pattern, this draped suit has a desired semi-formal appearance and yet is acceptable for business wear. Available in all smart colours, this is a suit that has conservative distinctiveness.

it is a suit for you!

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A

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OPEN EVENINGS UNTIL CHRISTMAS.

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**

Tel. 21040,

Sandy McPherson was travelling to Glasgow, and on the way felt thirsty, so he took out a bolile and unscrewed the cap. Just as he was about to take a taste a fellow passenger in clerical garb addressed him: "Excuse me, sir, but I am sixty-five years of age, and I have never tasted a drop of whisky.

"Dinna worry, yerzel'," said Sandy, "you're no' gaun tae start noo."

WHITE HORSE

WHISKY

Get the world's good news daily through

THE CHRISTIAN SCIENCE MONITOR

An International Daily Newspaper Published by

THE CHRISTIAN SCIENCE PUBLISHING SOCIETY One, Norway Street, Boston, Massachusetts Regular reading of THE CHRISTIAN SCIENCE MONrron is considered by many a liberal education. Its clean unbiased news and well-rounded editorial features, inclu- ding the Weekly Magazine Section, make the MONITOR the ideal newspaper for the home.

(U. 8. Money)

The prices are:

1 year $12.00 € months 86.00 8 months 83.00 1 month $1.00 Wednesday issue, including Magazine Section: 1 year $2.60, 6 issues 25c. and the paper is obtainable

at the following location :-

CHRISTIAN SCIENCE READING ROOM Firat Church of Christ, Scientist,

81, Macdonnell Boad,

Hong Kong

FINANCE

Finance and Commerce

RESTRICTIONS

MODIFIED

Carrying Of Legal

Tender

Chungking. Dec. 16.

The Ministry of Finance has.. modified its restrictions on carrying out of any excess amount of legal 'tander notes and cold and silver articles from China to Hongkong.

BRITISH WAR DEBTS

Way Open For

Discussions

London, Dec. 16. A White Paper published last night regarding British war debta to the United States contains A

URGE AID FOR COTTON

SATURDAY, DECEMBER 17, 1938.-PAGE 11

em-

London, Dec. 16. Carrying burning torches and protected from pouring rain, by umbrellas, several hundred ployers and employees marched yesterday at a meeting in Black- protest against what burn in they consider Parliamentary apathy towards the Lancashire cotton trade.

&

letter dated December 1 from The demonstration was arrang- Mr. Sumner Welles, Assistant Se-ed by the "Red Rose Cotton Macao and KwangchouwED, cretary of State, enclosing details Campaign." and Was attended In a telegraphic order from of the amounts due and reiterat by 2,000 persons, who passed Chungking dated December 9. the ing that his Government was resolution urging the Govern- Ministry instructed the Inspector-tully disposed to discuss through ment in all future trade pact's General of Customs to notify diplomatic channels any pro-and negotiations to take such the Customs in Kwangtung and posals which the British Govern-action as necessary to improve Kwangsi not to seize any excess ment desired to put forward' re-the cotton industry-Reuter amount of legal tender notes garding payment,

and gold and silver articles car- ried by refugees fleeing to the above mentioned places,

Legal tender "notes seized since the fall of Canton, the order says, should be returned to the owners, while gold and silver articles should be converted in- to legal tender notes at either of the four, government banks and returned to the owners.

In previous orders the Minis- try of Finance prohibited carry- ing out from China of legal tender notes over $500 In' value and gold and silver articles by any Individual as a precaution against the flight of Chinese capital. In view of the Japanese invasion of South China the Ministry deems it necessary to modify the strictions: Central News

DR. SCHACHT'S

MISSION

re

Trade Compromise

And Refugee

Capital

で London, Dec. 18.

While the greatest reserve

being maintained about the movements of Dr. Schacht, pre-

sidert of the German Reichs- barik, who is staying here 29 guest of Mr. Montagu Norman, Governor of the Bank of Eng- land, the general impression is that his visit has received im- petus from the statement made

In the House of November

Commons on

30 threatening ге tallation in the trade war unless Germany was prepared to come to some agreement.

It is now being suggested that Dr. Schacht may see a basis for a truce in the fact that appeals have been made to allow German Jewish refugees to take some of their capital from Germany,

The proposal is that Germany might allow Jews to take certain amounts of money provided that similar amounts Are recaptur- ed in foreign currency from the,. trade balance with countries ac- cepting refugees.

While no contacts have Jet been made between Dr. Schacht and the Board of Trade, it is un- derstood that informal discus- alons with the Refugee Com- mittee are likely to begin forth- with. Reuter

FIGHTING

SUBSIDISED

COMPETITION

London, Dec. 18.

Moving the second reading of the Export Guarantees "Bill. de- signed to assist Britain's drive against subsidised foreign com- petition, Mr. R. S. Hudsen, : Be- cretary for Overseas Trade, sald in the House of Commons yester- day-..

"This is only one of the methods that have been adopted by this country to

Replying to the letter, the the hope that a satisfactory »re- British Charge D'Affaires atault would be reached. Washington assured Mr. Welles The White Paper shows that that His Majesty's Government the net amount due for the half was willing to reopen discussions year. up to yesterday was $123, on the subject whenever circum-000,000 on account. of principal stances were such as warranted and interest.—Reuter

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

Public Deposits Other Deposits:—

Bankers ......

Notes in circulation.

London, December 15...

Dec. 8

Dec. 15

(000's.omitted)

GOODRICH TRUCK TIRES

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PLYTLE=Suă Mártanian Persian

| PLS-LACK CARAN patents, the shirt ) pia kuuz teria but then the hard

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Local Distributors- KA FOOR TIRE CO.

1939

132, Hennomy Most

Tuli

RCA VICTOR RADIO

MODEL 96 T-2

6 Tubes - All Wave

£18,630

€ 15,810

102,940

99,550

Other Accounts

35,840

38.000

Total

138,880

135.560

Government Securities

.86.140

69,300

Other Securities:-

Discounts and Advances

17.870

16.820

Securities

21,500

21,090

Total

39,370

38,510

Notes and Coins

69,860

82,170

Total Bullion

327.610

327,520

487.750

495,350

Ratio, of Reserve to Liabilities

44.35'

41.12%

---Reuter.

SYSTEM

4

(000's omitted?

Dec. 8

1.000

Dec. 15

1,000

2,564,000

2,564,000

83.68%

-83.09%

2,591,000

2,600:000

14,367,000 14,380,000

TEL 31591.

15,485,000

15,573,000 -Reuter.

FEDERAL RESERVE

New York, December 15.

Bills Bought

U.S. Securities held

Federal Reserve Ralio

Federal Reserve Credit Outstanding

Monetary Gold Stock

Industrial Advance-

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"They may be novel, and they will certainly be without prece- dent in our history.”

The main points of the nu are firstly, to increase the £25, 000,000 fund to guarantee export traders business, and secondly of the extra amount, £10,000,000 to form a fund for export credit guarantees in the operation of which the Board of Trade can have regard to political as weil a commercial' considerations Reuter.

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21

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