1931-08-17 — Page 8

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PRICES 70cts, 80cts, 90cts, Por Copy.

CORRESPONDENCE.

Moratorium Figures.

[To the Editor, Hongkong Telograph.]

Sir-In your issue of Thurs day the 13th instant, you pub lished, page 7, columit 4. an article without date signalure or reference, under the following title "Hoover plan in figures: What France gains."

1 feet rather surprised that you thought at to publish in your paper generally so well informed Ruch a KES misrepresentation likely to lead every render to belleve that France is

in a profiteor under the Hoover Moratorium plan, whereas in fact she is the country to suffer most of it.

THE HONGKONG TELEGRAPH, MONDAY, AUGUST 17, 1931.

HANKOW'S PLIGHT.

FLOOD SUBMERGING ALL WUHAN-AREA.

Hankow, Aug. 16. As the flood waters riso stondily each day, the plight of the city is becoming more appalling, and it is feared that a riso, of four more inches will submerge the whole of the Wulan area. The city is being evacunted as fast as steamers will permit.

four

During the past two days the waters rose 19 inches, while laat

they rose a further night inches, and are still increasing steadily. Another four inches and the city will be converted into osc vast lake.

are

"Sweltering weather continues becomlux First of all, assuming your and the conditions figures to be correct, if he is to rapidly worse, the intense heat of and humidity adding the receive $22,400,000 instead

TSANG FOOK PIANO £10,000,000, do not forget that it sufferings of the people.

COMPANY.

8, Des Voeux Road, Central.

(Entrance Ice House/Street.) Telephone 0..24648.

Contantunik

with a

of

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Corns cause Shoe Misery

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Obdeno, V. A. A

ROW

to

The power house in the ex- is to be spread over 12 years, which means that she is to receive German concession, the only re-

only £1,850,000, instead of multing plant, failed last night i 216,000,000; it is some difference! Jowing to the flooding of the As for later payments, France premises by the water coming up knows now the truth that "a bird through the floor. The city is in in hand is worth more than two complete darkness. The Hankow in the bush; the various confer-Club and a number of Chinese ences of St. Cannes, Chequers, houses have collapsed while others Londen.

1 have forgotten | are In a dangerous condition. the Chartered Bank, my the west Plan, the Young Stalls of Plan, all these have shrunk year B.AT, and, other companies are after year the amount of Repara-working knee-deep in water. tions. And if these reparations were

like the delta of the former Allies

to the United States, the price of

21

bloud and the price of the Ameri can co-operation I admit that after some 15 years. # general

mig! be

granted: pardon general cancelation would only he Justion. But the payments that Prance Candl also Belgium? is to receive from Germany man aomething different: It is the lost of devastation enused, by the attack of brutal enemy Northern France where so many young Britishers are sleeping the best sleeps at the time when all elforts of every nation were direct ed against the enemy, nubody, not even the vilest politician, would have dared to think that one day respectable newspaper, speaking

1!

in

of the reconstruction of the devas- tated areas, would print such a this:France has phrase s therefore made what from her point of view is an excellent bar- Kain."

Las fret the £14,000,000 that the French Budget will miss this year, ought to mean that no interest will be paid on the Credit National and that there will be no

tion of these bonds.

1ས

it just, in it moral that the coun- try to have suffered most through the destructions of invasion for the repeal and submission of the be left alone to repair all losses on her soil while the depredators have suffered nothing in their properties, and have not made the least effort to rehabilitate themselves except by New war which they hastily prepare?

No, instead of looking abend where ane could see that the world and elvilization. are going to smash through inck of justice and morality, one keeps only the mer- cantlle and materialistle spirit, in the adoration of the Golden Calf!

Instead of considering on one side the millions of men paid and fed for doing nothing in Britain the other and Germany and on

ASAHI site the millions of men, slaves,

SHARE PRICES.

TO-DAY'S QUOTATIONS.

The following is the list of local share quotations issued to-day:

Banka

Hongkong Bank, $2,040 b. Chartered Bank $12 n. Mercantile A. and B., £20 n. East Asia $131 b.

Insurances,

Canton Ins., $1,550 b. Union Ins., 3567% 8.. Chinn Underwriters, $6 n. Ohina-Fires, $800- H.K. Fire Ins $1.405 n.

Shipping.

Douglan, $24 n. HI.K. Steamboat $28 b. Indo-Chinas, (Def.) $30 n. Union Waterboats, $28 b..

Mining.

Renguést $11 b.

Kailans, 28/9 n.

S'hai Explorations, Tls. 1.86 b. Kaubs, $11.

Docks, etc. Kowloon Wharves, $163 b. Whampoa Docks, $28 b. South China Motors $8 n. Chim Provalents, 86,05 b. Hongkows, Tla, 270 A. New Engineers, Tis. 6% n. Shanghai Docks, Tls. 100%1⁄2 n. Coltons. Ewo Cotton, $14.70 b. S'har Cotton Tls. 97 b Zoon Slagd Tis, 11

13.

Taken at the recent A.A.A. championship meeting at Stanford Bridge, picture shows E. L. R. Page, of Blacklienti (No. 26); wins ning the hundred yards.

4

The Japanese Concession has [been abandoned and the Japanese are leaving as fast as stormer accommodation allows. The pro blem of withdrawing of women and children is now being faced,

Houses continue le collapse and godowns several storeys high have toppled over.--Renter.

SUGAR MARKET.

THE LATEST CARLED QUOTATIONS.

The following cable at the close of the sugar market on Saturday has been received by Mossrs. Peli- treath and Co.

London Terminals.

March 1992 6/4% down ąd. May 1932 6/6% down August 1932 6/8%% down ed. December 1931 6/1% down 28,

New York Terminals. Cloned.

London (16/8/31).–Continental and dying (though weather continues favourable. Hrking) in Russia and China, Market continues to sag.

Buyers

BEER by

of the scientific discoveries, the continued small selling on dectin- shortening of all distances, the ing market. While this con- Sole Agent: entire world and its civilization tinues see no sign of immediate

have never been so shaken in their improvement.. MITSUI foundations, we see the demo- Sourabaya (16/8/31).-Rumour- | BUSSAN cracles of Europe and America ed that Trust sold 20,000 tons Old indulge in mutual envy and Crop Whites nt f8.00 to European LTD. Nations, the most hypocritical make a lot of MISENER BEET HONGKONG creation of man, KGRAND PRIZES

ASAHI

BEER

LAGER-BEER

KAISHA Jealous, the Lengue of exporters.

furs about a few alaves

ves in Liberia and the Red Sea, but turn chastely and close their eyes when a rare and independent voice draws their

Battention to the Russian and

ISTE

CO

UKIDAJAPAR

Chinese problems.

Apologising for the long letter unid its bad English, and enclosing my card. Yours, etc..

A DISGUSTED FROGGIE.

The article to which exception

in taken was based on offelal figures and reprinted from the London Morning Post.-Ed.]

A Correction.

Amation and inadvertaneo, on my

L

SPECIALLY BREY

EXPORT

COM

I

T

Sin-I regret I made--a very serious and unpardonable mistake in the information I sent you regard- ing the Ladies' Triangular Ping Poug Inter-port Duo to misinfor- part, I wrote that Mr. Ho Sai-iu, the Hon. President of the Ping Pong League,

que, has kindly consented to present another handsome silver challenge cup far the winners, In memory of his loving mother the Mrs. Ho Chak-sing. Actually, Inte

Mra. Ho CH 8 stil living: Y With the aid of your valuable

and in good

columns, I kere tender my incoro apologies to Mr. Ho Sni-fu, and to Mes Ho Chak-sang for my careless-

-Yours etc....... Hon. Secretary,

E. K. WILLIAM.

Lands, Hotela, etc.

H.K. & S. Hotels, (old) $1730 no, HI.K. & S. Hotels, (now) $17 s. Hk, Liul. ĐÙI U. 'S'hai Land Tls. 40 n.

Humphreys, $22 b. Realties. $17.70 8.

Public Utilities.

Tramways, $21%1⁄21⁄2 b.' Peak Trams (old) $14. n. Star Ferries, $9334 b. China Lights, $26.60 b. H.K. Electrics, $81,40 b. Mheno Electrica, $23 u.. Telephones, $48 n. China Buses, Tls. 17,60 n. Singapore Tractions, 3/9 n.

Industrials.

China Sugars 50 ets. b. Malabons $39 n. Cauton lee, 38 b. Cements (comb.) $19.90 b. Ropes. $21.10 b.

Stores, etc..

Dairy Farms, $12.75 sa. Watson, $16.50 b.

Der A. Wings, $1 n. Lane Crawfords, $7.50 b. Mackintosh. $18 n. Sinceres, $17 b. Powells, $3.80 8.

Miscellaneous,

Amusements, $27-n..

·

"TRAGEDY OF COTTON TRADE."

DIRECTOR SENT TO PRISON.

Joseph Kemp, aged 65, a com- pany director, of Sawley, mear Clitheroe, Lancashire, pleaded guilty at Manchester Assizes to charges of falsifying a balance. sheet and publishing it, knowing it to be false.

Mr. J. C. Jackson, K.C., on be- half of Kemp, said that undoubt- edly it was one of those tragedies caused by the disaster in the Lan- cashire catton trade. The name

of Kemp wag a household word in the cotton trade, and the nilla of the company had come dawn from generations, of Kemps.

The bank had his mills, his house, and his Insurance policies na securities, and at his death would receive £29,000. No

defrauded by a single

been

halfpenny.

one

Mr Justice Humphreys, Ren- tencing Kemp to six months' im- prisonment in the second division, auid: "You were overwhelmed as so many other prominent, rich. and honest men have been, by the Onancial crisis for which you cer- lainly were not responsiblo."-

THE EGYPT'S GOLD..

SALVAGE PARTY MAY SOON REACH STRONGROOM.

Brest, Aug. 15. Fifteen bombs have been exploded by divers from the salvage ship Artiglo, on the deck of the P. & 0. Hart Egypt, which was nank in 1922, In an attempt to reach the strong room which contains 21,000,000 In

bution.

The salvage party is near success, for Lloyds have insured the transit of the gold to England, for which purpose a warship will be provided is an escort-Reuter,

GOLE

the STARS Play it

JONES, ABOUT TO PLAY A

HALF SHOT.

THE CLUB IS AT THE

I TOP OF THE

BACK'SWING, NOTE THE

1 HANDS WELL 1 DOWN THE LEATHER

Special Values

IN

LIGHTWEIGHT

RAINCOATS

AT

MACKINTOSH'S

$10.50

$19.50

MAJESTIC

ROD

LA ROCQUE

IN

C NEA

BEAU BANDIT

KOSAL

When should the iron half-shot be used?

This shot is one of the most important in the repertoire of experts, and is used when the ball is to be placed in a certain spot. such as renching the fairway from a bad lie in the rough or playing the ball close to the pin.

An iron is used not only to correct distance but per; Lobtain

Esct direction, therefore it is often Well to play a halt and

half shot instead lof a full shot with a shorter stick. In playing short Irons such as

a mashie or a mashle niblick the feet are closer together and the club isn't taken back as far. No help being needed from the body. restricted body pivot results.

the

If the shot has been properly

Amusements, New "B" 822.80 b excruted the hands will be ex-

Entertainments $15% n. Constructionя $13 b. B'que In. G. Bonds, 72% b.

THE

tended out in front pointing along the intended Iine of light.- ART KRENZ.

HOUSE

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Support British enterprise-help Britain to maintain its lead—and for your Car or Motor Oyola choose Castrol, the quality lubricant manufactured by ap All-British Firm.

Castrol is sold by the British Imperial gallon of approx. 9 lbs, the legal gallon measure in the Colony.

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