1930-10-28 — Page 10

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THE

HONGKONG

TELEGRAPH. TUESDAY, OCTOBER $28, 1930.

EFFECTS OF GOLD FLOW.

SILVER CURRENCY PROPOSAL

PING PONG LEAGUE.

MATCHES IN THE JUNIOR' SECTION.

Four further matches were decided last week-end, the results being as follow:

BRITISH LIQUOR ENQUIRY.

STATE CONTROL NOT FAVOURED..

London-In giving evidence be

New York, Sept. 25. The aid that the world's great

South China A.A. beat Indian R.C.fore the Royal Commission. on banks might give in relieving the depression which has involved all 30 games to 5, Nam Chung A. A beat Licensing. Lord d'Abernon, who the leading nations except France, Wah Ying Club 26 games to 10,, Nam was chairman of the War-Time will be the subject of conferences Mo. A. A. beat Ho Hong Bank 24 Liquor Control Board, said that his to take place shortly here, between games to 11. Nam Mo A. A. beat Wah was sceptical about the explana- Mr. Montagu Norman (Governor Ying Club 93 games to 2.

tions generally accepted as to the of the Bank of England), Mr.'

The following is a further list of change in public drunkenness since George Harrison (Governor of the matches to be played:

Federated New York

Reserve Bank), Dr. Luther (President of the Reichsbank). Dr. Schact (former President, of the Reichs- bank), and a representative of the Bank of France yet to be named.

Debts. I am told, will be ruled out of all the discussions, but that, of course, does not present the bankers in private talks demonstrat- ing how these payments are strangling America's best cus- tomers and retarding recovery all round.

France's 'Reserve.

The movement of gold and its ef- fect on trade and employment will be the chief preoccupation of these leaders in international finance.

The immenso reserve piled up by France, together with the flow of bullion from England, America and 50 much Germany, has attracted attention here that Mr. Harrison was proposing a visit to Europe to study the gold situation on the spot.

Dr. Luther, who recently took over the Presidency of the Reichs- bank from Dr. Schacht, has had a hard fight to keep the mark from tumbling following this week's shipments of gold. He was, how ever; so anxious to come to America that Mr. Harrison abandoned his project.

Dr. Schacht. I understand. was) originally coming here to lecture at universities, but his experience the strong man of German finance will make him a welcome figure in these discussions.

85

Both Dr. Luther and Dr. Schacht are anxious to dissipate the view that Germany is in peril of a Fascist revolution.

New French Governor.

The visit from Mr. Montagu Norman this autumn will be in conformity with his policy or an- nual consultations with the Federal} Reserve bank chiefs.

Oct. 29. South China A. A. v. Wah Ying Club (South China A. A.).

Nam Chung A, C..v. Fukien A. A. (Chinese Catholic Club). (Chinese Catholic Club).

Commercial Press v. Nam Mo A. A.

Oct. 31.

Indian R. C. v. Wah Yine Club (Chinese Catholic Club).

Chinese Catholic v. Hin Kun School (Chinese Catholic Club).

Nov. 2. Chinese A. A. v. Hop Chec Club. (Kangto School).

Nov. 3.

+

Ho Hong Bank v, South Chinn A. A. (Kingto School).

Fukien A. A. v. Wah Ying Club (Chinese Catholic Club).

Nam Mo A. A. v. Indian R. C. (Chinese Catholic Clue).

Nov. 5.

¿

Kangto School v. Hip Wah A. A. (Chinese Catholic Club).

A.

A.

Filipino Club v. Chinese (Chinese Catholic Club).

Commercial Press v. Ho Hong Bank (South China A A7. Nov. 7.

R. C.

Ho Hong Bank v. Indian (Chinese Catholic Club). (Chinese Catholic Club).

Hip Keung A. A. v. Hop Chee Club Chinese Catholic v. Hip. Wah A. A. (Fukien A. A.)..

Hin Kun School v. Kangto School (Eastern A. A.).

RUGBY FOOTBALL.

TEAMS FOR WEDNESDAY'S TRIAL GAME.

1914. The improvement to the change in the habits of the people] has been attributed to the increas- ed amount of outdoor life and ex-. arcise. Lord d'Abernon, however, was convinced that the main causes for reduced druking were: to be found in the cost of liquor, due to high taxation, wise limita tion and spacing of hours for the sale of drink. He was therefore, strongly opposed to hasty modi fication either of liquor taxation jor hours of sale.

Lord d'Abernon further stated that he was

apprehensive that atate purchase of the liquor trade might lead to the price of alcohol being brought into the region of This in Political controversy. turn might lead to a reduction in alcohol taxation which he would i regard as fatal. He would sug

national gest a

commission to supervise the administration of the trade, as an independent authority would be more competent to super- vise and conduct the trade. than private ownership,

ng

Ernest Winterton -M. P., who also gave evidence, had personalty investigated the relation between bad housing and public house drinking in several towns. He said that in his native town of Leicester there was a public-house on nearly every street corner. Manchester there were twice many publicans and pawnbrokers as bakers and grocers. He felt that the reduction of licenses did not necessarily mean a reduction in liquor sales. The licensee was only an agent, and the trouble was that the brewer and distiller were not restricted in their production. The main reason for the enormous development in the advertisement

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RADIANT warmth, just like that.

of the sun; perfect ventilation, an atmosphere as fresh and as pleasant as that of the open air on a sunny spring morning-these the modern gas fire brings wher- ever it glows. That is why- doctors use and recommend gas fires; that is why they are found in hospitals, nursing homes and clinics everywhere:

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Scientists

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modern gas fire warmth is like sun-warmth-healthy, good "for

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ジ

They have also proved that while the gas fire warms it provides a perfect system of ventilation.

There are no fumes from the modern gas fire. There are pro- ducts of combustion, of course, as there are from any living flame. But these products immediately pass up the chimney or fue. As they rise they cause a gentle up- ward flow of used air from the room- system of ventilation, more perfect, even than that of the open window. That-is-why-a gas-warmed room is never stuffy,

COMFORT

4. Thousand times

each Winter

The Final Trial game will take of alcoholic drinks was to sell the HONG KONG & CHINA GAS CO., LTD.

ad-

to

place on Wednesday October 29th, at surplus of unrestricted produc

pm. Teams as under:

tion. He urged the commission to Club Colours-lock, J. P. Whi- consider pioposals for limiting tham: Threcouarters, G. P. Lammert,roduction and to make the M. Moreau Governor of the Bank R. II. Griffiths, C. J. D. Law, Lvertising in the press illegal.

Goldman: Halfbacks, M. W. Turner, of France, having resigned to-day. L. Bonnar. Forwards, W. F. Leckie.

In reply to a question following disagreements Tardieu (the French Premiery one G. F. Reus, R. D. Beaumont, E. Eliquor trade was licensed by the nier one. G. Dale, W. R. Andrews, Bartles, whether he held that while the of the first official acts of the new Buttress, A. D. Coppin.

state to supply a public demand Governor, M.. Clement Moret, will be to join the conference here. Colours-Back, Segalen: Three- or liquor it was not licensed to demand, Mr. Sir Warren Fisher, Permanent. A. L. Plummer,

marter, H. V. Koop, G. R. More. stimulate such a

Winterton said that he did J. Ferguson: Secretary of the British Treasury, Halfbacks, J. W. King, P. C. B. argue. The Government, he said, and Dr. Tom Jones, former Deputy Black, Forwards, W. F. Peers, A. D. Secretary to the British Cabinet, Suftili, R. . Cherrill, F. R. Burch. who have been in New York, sailed E. R. West, E. B. Gammell, J. R. to-night for Southampton.

Younger, B. P. Massey.

Bankers here are worried about the probable shortage of gold for currency within four years, with the likelihood of a crippling in- fluence on trade expansion and em- ployment. Then again, there has been a significant revival of the famous old agitation for a revalua tion of silver as currency on a higher basis,

Advocates of this change in the Western States demand an inter- national discussion to establish a fair ratio between gold and silver, declaring that the fall in silver has frozen the purchasing power of Asia, thus adding to the hard times in Europe and America,

At the V.R.C. on Sunday, Awards the Royal Life Saving of Merit of Society, were earned by J. Stewart,

HOCKEY..

CLUB TEAM FOR-TO- MORROW'S MATCH.

50

did not allow liquor to be ad- vertised in its publications and offices, and he thought it would be justified in preventing wealthy vested interests from promoting greater drink sales.

GOLF.

FOUR BALL MATCH FOR.

NEXT SUNDAY,

The following have been selected to play for the Hongkong Hockey Clah 1st XI v S. L. I. on the U. S. R. C.

In reperting the match between taber, at 6.15 p.m.; ground on Wednesday, the 29th OcMr. A. H. Ferguson and Mr. Don Moe, played at Fanling on Saturday. T. L. Gregory, W. Woodward, J. E. we made reference to the possibility when Henry, J. Butler, J. Noronha, A. of a further game being played Botelho, H. Owen Hughes, E. J. R Mr. Moe visits the port at the weck- Mitchell, W. A. Nowers, M. G. end. A correction would appear to Mariott, T. J: Price,

be necessary; inasmuch as H. E. the Governor, H. E. the General Officer Commanding. and Rear-Admiral Hill will be

next in connexion with the the "New Course" inauguration of Moe's return visit..

The Hongkong Jockey Club on Bun playing in a four-ball match S. V. Gittins and J. A. Victor. Mr. and entry forms for the tenth and not in connexion with Mr. Don

advertises that draft programmes

R. Hunt, who is the local representa- tive of the Society, watched the tests, extra race meeting to be held on which included the swimming of 600 Saturday, 8th November, may be

obtained at the usual places, yards fully clothed..

Mr. A. H. Ferguson was Incorrectly referred to as the Captain of the Club, whereas he is an ex-President.

I

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