1932-01-12 — Page 2

THE

HONGKONG

PENINSULA HOTEL:

HONGKONG HOTEL: REPULSE BAY HOTEL:

PEAK HOTEL

and

SHANGHAI

ASTOR HOUSE: PALACE HOTEL:

HOTELS

LIMITED.

In association with the Grand Hotel Don Wagons Lits, Poking.

PALACE HOTEL.

Telephone 67008

Telegraphic Ardross "Palace."

THE

HONGKONG

A First Cisan Roaldential & Tourist Hotel Under Entirely Karopean Management High Class Wines & Spirit Steel Coulson's Beer On Draught. Four Full Sized Billiard Tables Billiarda, Snooker,

• Sklities

A

MR. J. A. OXBERRY,

Proprietress.

Penang

The Scenic Gem of Malayu

firat class

Hotel

Modern throughout and

beautifully Situated

Kunnymede Hotel

Malaya's Premier Hotel

Food and Winos especially good

AFTER-DINNER DANCE

Every Wednesday & Saturday, Orchesra Daily

CABLES "RUNNYMEDE"

RUNNYMEDE HOTEL, LTD. George Goldsack, Manager

EUROPE HOTEL

SINGAPORE.

"RENOWNED BY RECOMMENDATION " DANCING: After Dinner every Tuesday, Thura-

day and Saturday. MUSIC:

On the VERANDAH- Monday to Friday-7.45 p.m. to 8.30

p.m.

Saturdays-12.30 p.m. to 1.30 p.m.

and 8.00 p.m. to 8.30 p.m. Sunday Concerts-0.15 p.m. to 11 p,m. Robert Drescher's Famous Viennese Orchestra Plays During Tiffin and Dinner Every Day.

GRILL:

Telephone. 5341 (8 lines) Cables" EUROPE" Singapore.

THE EUROPE HOTEL, Ltd.

Arthur E. Odell Managing Director.

Burglary

Insurance

For Particulara and Rates Apply-

CHINA. UNDERWRITERS, LTD.

Phone 28121.

Hongkong Bank Building.

TELEGRAPII.

DEGREE DAY AT UNIVERSITY.

VICE-CHANCELLOR'S SPIRITED ADDRESS.

TUESDAY, JANUARY 12, 1932...

A leading article in one of the tageous plan for providing such an local newspapers, criticized this ar-endowment would consist in the rangement. "Why did the Univer. Investment of the greater part of sity not take advantage of the the sald Indemnity funds namely exchange and invent the money the accumulated funds now on de- locally ? It seems that under posit and all future instalments, in existing financial conditions no one rehabilitating and building mail- can ever do the right thing, for ways and in uther productive when the University in 1930 wan enterprises in China," in grave financiat difficulties owing The upshot of all this was that SCHOLARSHIP NEED.

to the collapse of the dollar, the in 1901 the British Governinent cry was "all this might have been accepted a sum of £11,186,547 in|

actual The Great Hall of the Hougtong prevented if only a reasonable pro-solletnent of

payments University prosented a colourful ortion of the University's funds incurred in connexion with the sight yesterday afternoon, when had been invested in sterling secu-Boxer Rising and of claims sub- the 23rd congregation was held rities.

The collapse should have mitted by British subjects for been and degrees

foreseen". Perhaps if we hund losses sustained in the course of presented. Ha Excellency the Chancellor, Sir forescon it, some of us would not that disturbance (which claims William Perl, and the Vice-Chan-be here; but seriously, trustee incidentally had after careful cellor, Sir William Hornell, headed securities are not easy to find in scrutiny, rovision, and adjustment, the big procession of Government Hongkong, nor do they yield any-been fixed originally at £16,618,- offelala and prominent citizens. thing like the interest they used to 810) and that the British Govern- The congregation was declared yield a few years ago. Attractive ment, having in 1922 decided to open by the Chancellor immediately Shanghai mortgagis have been devoto the whole of the Indemnity after tea. In his address Sirtaken up, but I doubt whether it to the mutual interests of His Willam Hornell said:

would be wise to invest all the Majesty and the Republic of China, On March 16, 1931, this Univer-University's funds in Shanghal.

implemented in 1031 an arrange- sity's first Vice Chancellor, Sir

Destination of Fund

ment in accordance with which Charles Eliot, died at sca. Sir

£265,000 have come to this Univer- Charles was a great scholar and total value

The rest of the Indemnity, the sity, £200,000 have gone

to the a great gentleman. Aa Inid when £11,000,000, has been assigned un-

of which is over Universities China Committee in many members of the University der the Act in the following man-eventually go to the Purchasing Landon, Kome 27,439,000 will met in this hail to pay to Sir Charles their last tribute, looking paid to the Universities China Com-

A sum of £200,000 has been Commission in London, and яomo buck over this University's

three and half millions to the troubled history, I have sometimes mittee in Landon, to be spent on

Board of Trustees. The Govern ment of China have agreed wondered and still wonder whether certain purposes specified

that the Institution would have survived First Schedule to the Act. The the last two sums shall form an the years of its precarious infancy, remainder of the balance of the endowment for educational pur- had it not been for the personality which had already accrued us the and the

fund, that is to pay the money poses multually beneficial to China and reputation of its first Vice result of payments already receiv remains to be seen who will even- United Kingdom, It Chancellor, May 1 repent Home-

necount,tually benefit from this endow-

this

ner.

ed on the

Indemnity's

in the

Invested in London.

thing else which I said on same occasion, namely, that it is in the expenses properly charge- ment the capital of which will be Atting that we, while we deplored to the fund (in which ex-nearly eleven million pounds. four loss, should determine that this penses the amounts of £205,000 and

University which meant

£200,000 which have now been pald An mach

I have said that the contribution to Sir Charles Eliot, should be main-spectively in the University of | or: £205,000 which the University tained in a manner worthy of the China Committee in London

Hongkong and the Universities received from the Indemnity was great scholar who was Its first

are invested in War Louns in London. executive hend.

included) in to be paid to the The investment was at the time Chiren Government. Purchasing calculated to bring in a return of

WARRANTY,

Dr. Wiliams' Pink PUR com- priso the prea. cription of an ord- Inent medical mas, gradunto of Ed- Inburgh Univer- vity, who цвеч the formulu with marked Access Iri own practice in cases where the essential need was the rehabilitation of the blood.

98

Old Before His Time!

Worn out with the struggle to provide a life of greater happiness for his children than even he had himself! There are thousands like hime, men of middle-age who are prevented from enjoying the fruits of a lifetime's labour by ill-health, prematurely aged by the depletion of their nervous energy. Such men need a course of the famous blood-building, nerve strengthening tonic

Dr. Williams' Pink Pills.

Beenuse this fifty-year-old, tiled and proven remedy has the unique faculty of creating now and abundant supplica of rich pure blood, It has proved a real boon to thousands of middle-aged men all over the world. Dr. Williams' Pink Pills bring back the energy and vigour of youth because they

REJUVENATE THE BLOOD-STREAM.

All Chemists Can Supply you. Nothing else will do.

sily's first Professor of Medicine.cardance with the provisions of the London has changed since the in-this investment would amount to and the possible conversion of the On March 28, 1931, the Univer-mmission, a boty which in about 5 per cent, but the position in the additional annual inconte from to the exchange value of the dollar

Dr. John Anderson, died in hospital Act has been constituted in Lon-vestiment

plant,

WAR made.

fessors than John Anderson would occupy its Chair of Medicine, but that I doubted whether any of his. successors would be more univer- nit-payments which will amount

before sally beloved in Hongkang.

the Indemnity has been Anderson died a comparatively poor-half of each such payment.

paid off in 1945, to £7,847,098/4/9 |

it mian, but he did not forget this

at Shanghai. He was taken in the don to enter inte, and to super-estimated in June last fullness of his vigour. To his many vise and secure the carrying out friends who met in this hall of contracts for the apply and de testify to the affection in which livery in China they held him, I suggested that as

of such the years rolled by and the Univer-machinery and other articles, to be sity grew into malo, it might manufactured in each ense within be that many more eminent. Pro-the United Kingdom, as the Chinese Government may from time to time the future, payments of the Inder- request them to purchase." As to

Recent Arrivals.

Dr.

--from table to home

from home to table

Act

It WALA

but this estimate will Loans at a lower rate of interest. | $266,700,

[Continued on Page 10.) year that have to be modified with reference

of

SERVICE

University. Ile has bequeathed to is made, is to go to the Chinese the University the sum of £250 free mission in London and half to a Government Purchasing Coin. of duty, for the establishment of a prize in the form of a gold medal Government of China in accord- Board, since appointed by the to be given annually to the medicalance with the terms of the student who attains the highest to be trasters for the purpose of aggregate of marks in all the pro-receiving those moneys and apply. fessional examinations.

Ing them to objects mutually beneficial to China and the Brush In December, Dr. Leslie Davis ar- the negotiations which

Empire." During the course rived from Cairo (he had been pre- the aurrender of the money

preceded viously in the Soudan) to fill the Chinese Government had expressed the vacant Chair of Pathology. Earlier their intention of dealing with the in the year, Mr. N. II. France came funds in harmony with the general from Cambridge to be the Univerviews set forth in the report of xity's Reader in History. The University has been fortunate inmittee which was published in 1926 the Anglo-Chinese Advisory Com- securing the services of these two and was based on the recontmenda- officers. On behalf of you all 1

tions of the Willingdon delegation. extend to them a hearty welcome and hope that they will be happy

Dr. Wang's Views, here.

The Boxer Indemnity unto which T. Wang who was

On September 19, 1930, Dr. C. then Foreign this University had for so many Minister to China, wrote thus to weary years of waiting lifted up Sir Miles Lampson. "The Chinese its eyes in hope, was disposed of Government proposes in the first by an Act of Parliament which on instance to apply the bulk of the March 3, 1931, found its way on funds to the creation of an endow- to the Statute Book of Great Bri-ment to be subsequently devoted tain. Under the provisions of this to the educational purposes Act sum of £265,000 has been tioned in the Report of the Advisory paid over this University. This Committee." "It appears to the, sum has been invested Ita War Chinese Government," Loans in London.

Dr. Wang continued, "that the most advan-

KING'S THEATRE

COMING SOONI

"TILLY OF BLOOMSBURY"

A British Picture.

men-

In the

New Grill & Ball Room

for Your Convenience

ELEPHONE CALLS received or made from your table

TEL

in the NEW GRILL & BALL ROOM, and from any sest

on the FIRST FLOOR LOUNGE-

aninward call-inform

who will acquaint the of your tablo

If you expect

the stoward main office number.

The Hongkong & Shanghai Hotels, Ltd.

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