1931-09-22 — Page 12

12

CENTRAL

SEE THEATRE HEAR

SHOWING TO-DAY

AT 2.30, 5.10, 7.15 & 9.20 P.M.

TIFFANY PRESENTS ···

THE DRUMS OF JEOPARDY

TIFFANY PRODUCTIO

Shivers Shakes - Quakes!

酪

Mystery Suspense

Romance!

A Thrill Drama You Get Hot About!

HAROLD MacGRATH'S

Famous Navel with all its Power

Directed by George B. Seitz

WARNER OLAND

LLOYD HUGRES

George Fawcett

JUNE COLLYER

·

▼

JALE HAMILTON,

Ernest Hilliard

--WITH ADDED ATTRACTION-

A MUSICAL FEATURETTE

DE LUXE

"FIRE WORSHIPPERS"

PLAYED BY A

70 PIECE ORCHESTRA

"THE BLIMP MYSTERY"

ALL-DIALOGUE

MONKEY COMEDY

BOOKING AT THE THEATRE ONLY

'PHONE No. 25720

NEXT CHANGE

JOSEPH SCHILDKRAUT

...

IN

“COCK O' THE WALK"

A SONO ART PICTURE

Personal Accident

Insurance

For Particulars and Rates Apply

CHINA UNDERWRITERS, LTD. Phone 28121..

Hongkong Bank Building,

Printed and-Published for the Proprietors by FaxDERÍOK - PEROT FRANKLIN, at 1 and 8. Wyndham Street, in the City of Victoria Hongkong.

THE HONGKONG. TELEGRAPH, TUESDAY, SEPTEMBER 22, 1931.

people le concerned, that really is

DRAMATIC COMMONS SCENE IN GOLD worst we have now to fent.

STANDARD DEBATE.

(Continued from Page 13 ing necessity of concerted action, and the British Government would misa no opportunity of urging the importance of a conference on this problem.

can

I want to say most emphatically that there is not the slightest enusa for the least anxiety about the money you have in the banks Possibly the present crisis will or the saving banks. It is perfectly pave the way to better international safe. Avoid panic. Ponic co-operation, but the immediate spread without reason with serious effects might be at least as serious consequences. to countries depending on London as to ourselves, and notwithstand- ing the risk of a temporary dia. location of

of the machinery of inter- Inational credit, he hoped sterling “We ret an example, bath as to would continue to serve as masting our obligations and help-medium of international

trade. ing reconstruction, and if we fail, ik is because the undertaking was too heavy."

Britain's postwar financi record, declared Mr. Snowdon, was un honourable оnе.

"It does not seem to me that other countries cap challenge our

We endeavours.

exported to America during and immediately after the war, actual gold to the value of £322,000,000 to discharge nur obligations.

"We funded our war debts to the United States and under the Hettlement we have paid £280,000,- 000, representing nearly thirty per cent. of the debt at the date of funding.

The world must, however, learn! that the existing economic system could not be maintained if every body tried to maintain it by liquidating their inventments, Mr. Snowden concluded with an appeal for unity and on a note of firm confidence.

The Gorernment has made ex- haustivo inquiries to-day and wo find that we are well stocked in the country with suppiles of all the essentials of life. There is not the least danger of a shortage of food, or anything else. There is not the lightest justification for any rise in prices at the present time.

The crisis is far more due to troubles in other countries than In

our own.

Britain had # financial and

banking system, the strength and aoundness of which was above auspicion, No-one, anywhere in - "We must get together na na- tion and set to work to build up our the world, had the slightest fear position anew. The question of that the leading British banks the adverse Trade balanca will have would be unable to meet their to be desi: with. In the process obligations to the full, but that of rebuilding we may hava to adopt was not true of all banks abroad many expedients so we did with where bank failuren were a com- the Budget, which in other cir {mon occurrence. cumstances would be repugnant.

If we keep calm, the country's in- burent strength whil pull through."

the

and

Foreign banks, fearful of their "town position, had been removing.

the money they had deposited in to London,

Cool Heads Needed. Let us keep cool heads steady nerves.

The man who attempta, tá pro- fiteer out of the present situation

A particularly commits temptible crime which will be sharply dealt with.

With regard to France, the War Loan made by the British Govern. ment to France, after deducting offieis, amounted at the date of

"There is no neud for u funding to £600,000,000, on which the

can face British ixxpayer he been pay-print paper. We ing approximately thirty million position with calmness."

Labour Assurance. pounds a year in interest".

Now France and the United Mr. Arthur Henderson agreed States have acquired three quar-that there was no need for pank ters of the entire gak in the and assured the Government that world and, in their vaults. It is the Labour Party would do its ut

doing anything largely sterilised and useless for most to avoid the purpose of promoting inter-calculated to produce a panic,

home or abroad. national trade.

con-

Sterling is not going to get out of hand. We still have large

To make an historical state- Referring to the apprehensions resources whleh can be employed ment was not, Mr. Snowden in-expressed by foreign holders of to check an excessive fall.

The pound may romain a little sisted, to overlook the help re the Five Per Cent. War Loan 1929-

which ently received by Britain from 47 that their holdings might belwhile below the level to France and the United States, and compulsorily converted. Mr. Snow-It will later recover and anyone he went on to pay a warm tribute den said that such fears were en-jtrying to sell pounds for foreign to those countries and particu-tirely groundless, larly to the French bankers who,

Jel

maintained their London

balances practically intact.

Suspension a Necessity.

The suspension of the gahl: standard was

a necessity, the

Chancellor explained, not because,

THE CHANCELLOR BROADCASTS.

LEAVING NOTHING TO CHANCE.

Laler.

currency will probably find he will lose on the transaction,

Fully Prepared.

We anticipate no serious developments, last the Government is determined to leave nothing to Jehance. Wo are prepared for every ponsible contingency. | Britain will emerge from this

of any disorder in internal nauce.¡ While Mr. Rameny MacDonald crisis as she has emerged from but solely by reason of the pres-found time to make a speech in con- still graver emergencies, namely. nure in exchange.

position.

Renter.

New York Decision.

New York, Sept. 21. With a view to stopping the

more prosperous By balancing the budget we hadnexion with the Faraday Center-

Jary, Mr. Philip Snowden, through trenger and

than before.--Reuter and British made the internal position secure. amferophone installed at No... Wireless. It was vital to maintain That

Downing Street. lold Kritial

Amsterdam, Sept. 21, steners-in to

to gird themselves for The Stock Exchange, will re- Externally, the initial effect of the economie fray with cheerful- their action might be serious, but itness for sterling would not go the open for business to-morrow. would be temporary, and those with confidence in sterling would way of the Mark or the Franc. not find their confidence misplaced.! Apart from sales due to ten- porary nervousness there as nu reason why sterling should depre- ciate to any substantial extent, or for any length of time, provided the

ad finances of the country were ministered with proper eure.

With a balanced budget, there was no danger of uncontrolled in to be that British people would| While banking circles maintain tution.

The country could face the have to pay slightly higher prices that concerted action to support position with calm confidence. Bri- tain's ultimate resources were great for the things we buy from abroad. the market is unnecessary, it is Cost of Living.

understood *that professional Imported foodstuffs, raw materi-operatore are prepared to co als, enter so largely into the arti-operate in keeping trade orderly. cles we consume that wo must, ex- The Stock Exchange opened At the same time, said Mr.pect to sec, over the next few with a general slump, the prin Suyden, we are entitled to look months, some rise in the cost of cipal issues falling from one to for some recognition by creditor imported goods, but the rise is not five points. The notable exception countries of their responsibility for likely to be very inrge.

was United States Steel,--which the present situation.

The British Budget was now, he wald, the most securely balanced Budget in the world. There was nu lunger any risk of internal infla-ractice which largely contributed tion, though the value of sterling to the hammering of sterling last might fall in terms of foreign week, the Government Committee currency,

jof the Stock Exchange has re

the We can feel assured that the ex.solved, in consequence of tent of the fall will be limited. serious emergency, to forbid short

The result, he agreed, was likely selling.

and the Government would watch the situation carefully.

Other Peoples' Responsibility.

SHOWING TO.DAY

A 2.30, 5.10, 7.1

30 A.B.

AND

So far as the great mass of the ¦advanced a quarter.

ALWAYS COMFORTABLY COOL

KING'S

BODY SOUL

DICTURE.

BOKIN O

AT THE THE LIRE

Talaphone No. 25315.

QUEEN'S

To-day & To-morrow

AT THE

with TESIST

TORRENJE DOROTHY

JORDAN Cliff Edwards HOBART

BOSWORTH

THEATRE

KE

At 2.80, 5.10;7;15 # 9.20/

MONTGOMERY

in his first starring picture

SHIPMATES

Metro Gorduyn Mayer PICTUR

NEXT CHANGE

MARION

DAVIES

IT'S A

WISE

STAR

CHILD

TO-DAY & TO-MORROW At 2.30, 5.30, 7.20 € 0.50

RUTH CHATTERTON

in "A Lady of Scandal"

PRINCE'S THEATRE

SHOWING TO-DAY at 2.30, 7.15 & 9.15 Special matinee at 5 15 on (Sunday & Saturday.)

This tragedy

prosente DOUBLE MURDER.

This is enough' to create a alghtmare-

But a solution by

super. stitious act, and

this surely is wonderfully

amusing to the eyes of the mo- dorn world.

THE

13

Meno. Fortuyn

Added Attraction.

1. "Hotter than hot

TALKING 2. Bearnt

CHAIR

Metrotons News.

with

CHARLES FARRELL

ELISSA LANDI

NEXT CHANGE

M. G. M. "SCA WOLF" Commenes on Sept. 2411.

AMUSEMENT CO.'

REPORT.

DIVIDEND & BONUS.

PROPOSED.

BAN ON "SALOME” REMOVED.

OSGAR WILDE'S PLAY TO BE PERFORMED.

London, Sept.-16. ^

The directors' report of the Hongkong Amusements, Ltd., for the year ended 31st March, 1931, states:

It is announced to-day that after The profit for the year after a 40-years ban. Oscar Wilde's providing for Depreciation famous play, : ""Salome," "la to be $20,208.72 amounts to $111,688.10, performed pubilely in London. It which with the amount brought will be presented at the Savoy forward from the previous year; Theatre at the end of September. viz., $48,039.94, amounts to $169,- Probably no play in the history 260.04.

of the English theatre has been tho This the Directors recommend subject of such bitter controversy.

bp appropriated as follows: Theatrical tanagers for two gener-

Place to Legal Reserve in Ac- ations tried vainly to persuade the cordance with the Articles of Lord Chamberlate to remove the Association, $6,881.01; Place to ban.

General Reserve $40,000. Bonus The present Lord Chamberlain, to Stair $8,000; Dividend of $2.00 the Earl of Cromer, has Mylalded, por Share on Fully Paid-up Shares ufter attending private perfor (Pro-Rata for the 1031 Issue as manco arranged by those interest- from date of Paymont) $40,148.52; ed in the forthcoming production:" Bonus of $0.50 per Share on Enlly Among the famouą, netresans who Paid up Shures (Pro-Rata for the ardently desired to appear in the 1981 fraue na from date of Pay role of Salome were Sarah Bern- mant) $13,356.60: leaving to be hardt and Eleanora Duse The fealte carried forward to Credit of Next for the performance at the Savoy, Account, $44,183.01.

"lán "not" yot been decided