1933-03-07 — Page 17

GREAT SPRING

SALE

New Bargain Line

Pcs. for

VESTS 3 $1.

Big, Assortment

Spring Colours

NEW BAGS

Bargan Price $1.50

Latest

While Felt

HATS $3.75 to $7.50

Good Range

GIRDLES

AT CLEARING PRICES

Another

New shipment of

STRAW HATS

THE HONGKONG TELEGRAPH. TUESDAY, MARCH

NOW ON

ELITE STYLES

Phone 22432.

A.P.C. Building.

DON'T FAIL TO MEET

HOT HEIRESS

Ben Lyon One Munson

QUEEN'S - Thursday

FOOK WENG C CÓ

(The Chinese Art Shop)

FUR

Finest Embroidery, Drawn work, Silk Lingerie,. Apparel, Cloisonne, Lacquer & Pewter ware, Curios

and all kinds of Chinese Novelties.

“Good Quality & Moderate Price.

1, Peninsula Hotel Arcade;

20, Hankow Road,

KOWLOON.

THE

HONG KONG

PENINSULA HOTEL:

HONĆKONG HOTEL; REPULSE BAY HOTEL;

PEAK HOTEL

& SHANGHAI

ASTOR HOUSE; PALACE HOTEL:

HOTELS

LIMITED.

In association with the Grand Hotel des Wagons Lits, Peking

Penang

The Scenic Gem of Malaya

A

first class

Hotel

sapoi

throughout and beautifully Situated

Runnymede Hotel

Malaya's Premier Hotel

Food and Wines especially good,

AFTER-DINNER DANCE

Every Thursday & Saturday-Orchestra Daily.

CABLES,"RUNNYMEDE”.

BANNERUNNYMEDE HOTEL, LTD.

AMERICA'S GOLD POLICY

CURRENCY TEMPOR- ARILY "MANAGED"

New York, Mar. 6. Mr William Woodin, Secretary of the Treasury amplfying the President's proclamation said emphatically that the United States is not off the gold standard.)

Any such interpretation is L grave mistake," he said, adding that the position was a state o. "managed currency In this con nexion he pointed out that Swit zerland was still on the gol standard, but forbade the expor tation of gold-Reuter.

Recation Abroad

Shanghai, Mar. 6. The four American banks in Shanghai are carrying on business as usual to-day, despite the crisis in the United States,

Reuter.

AMERICAN BANKING

CRISIS

(Continned from Page 1.)

If the United States does, by a prominent banker of Rome.

in Paris that France would not be It is hinted in various quarters averse to placing an embargo on gold exports.

FRENCH FEELING.

7, 1933.

CROWN LAND SALE.

THREE LOTS AUCTIONED

BY P.WD, A

Three lots of Crown Land were sold by auction at the P. W. D. Ofice yesterday afternoon, but only in case was there any bidding.

one

an area of about 22,000 square feet Sold at its upset price of $22,000, of land was bought by the Wing Oa

Quary. The land is si.uat:d near

rental of 5404.

Bay on the Shnukiwan Road Le Journal Les Debats comment adjoining Inland Lot No. 3507, It is ng on this possibility urges the registered in the Land Office as, In- Banque de France to refrain from and Lut Na 3637, and has an annual xporting gold to countries, which save abandoned sound currency feet of land situated near

Another lot of about $10,500 square Quarry ointing out that Britain's Ex-Bay was bought by the National hange Equalisation Fund is no Lacquer and Paint Products Com onger able to operate against tie pany, Ltd., of 287, Kilung Street, Jollar and will now devole s at Shamshuipo, for $15,100, the upset ention to the franc and be in a price being $10,500. This lot is also position to drain off large amounts located on the Shaukiwan Road, and of French gold,

is registered in the Land Office as Inland Lot No. 3530. Its ancua. rental is $102

+

FRENCH READY TO HELP.

The third lot, comprising about Reuters officially informed in 9,600 square feet of land East of Thos. Cooks and the American Paris 1 define and venerans Diamond Hill, New Kowloon, was Express Company similarly are support will be forthcoming from sold at its upset price of $950, the eashing travellers' cheques and France to enable the United Purchasers being Messrs: Hung Hok- lettera of credit; hence visitors States to remain on the geld. Lai Chung-iu, La Wai-yat, are experiencing no dificulty standard, but no request to help im and Lui Cheong-iu. This lot is Cheung Chak-chuen, Leung Cheong- has hitherto been received. registered in the Land Offer as New

The British Government are folKowloon towing sympathetically the serious fits annual rental is $66.

Inland Lot No. 2089, and development of the internal bank- The Hongkong Chinege Golding difficulties in the United and Silver Exchange, and certain States, said the Prime Minister, native banks were much affected answer to a question in the by the sensational developments Commons. He added that no ne in America. The Exchange of-tion. by His Majesty's Government Paris. ficials summoned a special meet seems to be called for at present. Geneva ing to discuss the situation.

The Hongkong branches of the American banks are also carrying

OB.

One or two native banks were LONDON SITUATION. found financially embarrassed bei

Following Saturday's brief sug- cause of their large holidays of pension of business, the London gold stocks,

The Chinese Exchange is ex-ed to-day in all currencies except Shanghai

Foreign Exchange Market re-open- Buenos Aires pected not to open to-day and pro-American dollars. bably not to-morrow.

No London Dollar.

London, Mar. 6. All exchanges are being dealt with on the London market to-day, except the dollar.-Reuter.

933*

EXCHANGE RATES.

March 3.

March

.87.3/16

.17.624/

Berlin Helsingfors Oslo.. Athens Milan..

14.524

1787 14.23/32 227

.19

10.9/16

+593**

.67.5/16

59314 68%

.1/84

1/8

.3.44%

.B.,2 .30 .115%

#1

8.67%

20

117

41.7/18

.580

690

.1/3% ,24.49

1/341

24.85

.18.871/4 22.7/16 110

18.90

22.7/16

110

6

..1/0.

1/4

1/2

1/3

..2314

...4.05

.99.1/16

260

4.21 99.1/16 250 £99%£100

17.11/16 17%

The decision was welcomed in the

New York. Amsterdam City and had a reassuring effect. Vienna Quotations, however, were mainly Prague nominal. No quotations were made: Madrid for South American currencies.

Pucharest. Dealing in dollars is suspended Hongkong Kafirs Decline.

Brusstis. until the plans for overcoming the Johannesburg, Mar. 6.

crisis and the reopening of the Copenhagen.

Stockholm Reacting on the American, banks are announced in Washing-Lisbon. crisis, kafir shares declined. ap- ton, preciably to-day. There was very in foreign currency and the trans- Yokohama.

America has prohibited dealings Bombay heavy selling and the week's pricesfer of credits abroad: The issue Montevideo slumped to an average of five of clearing house certificates, tem- Montreal. shillings.

porarily replacing currency, has War Loan.. been' authorised.

There were exelting scenes at call when the downward tendency Was maintained. All stock is affected. Reuter.

h

STOCK MARKET,

On the London Stack Exchange the effect of the latest American REV. A. D. STEWART.clines in South African gold mines developmenta was noticeable in de-

LEAVING TO TAKE UP POST IN ENGLAND

+

Belgrade. South Africa.... Silver (spot)....17.1/16 Silver (forward).17%

--British Wireless.

TO SAVE MONEY.

BE EXTENDED

ehares. British Government stocks i generally were 1/16 and 4 lower, LEGISLATIVE ASSEMBLY TO War loan 32 per cent, closed- 99/16. There were a few dealings in Trans-Atlantic issues but after Many local residents will be in-early fluctuations, the tendency at terested to learn that Bishop close was slightly steadier.-Reuter Lander, who resigned from the and British Wircices. Hongkong diocese in 1920 and has since then been incumbent Lyondown Church, New Barnet. has been appointed Archdeacon) of Bedford.

of

MORATORIUM EXTENDED.

New York, Mar. 7.

E

New Delhi, Mar. 6. The life of the Indian Legislat- ve Assembly, expiring at the end of the year will be extended or "such period

3.6 expedient in light of the conditións preval

In line with the Presidential according to a decision proclamation, the Governor of don read to the Assembly to-day. which the Viceroy, Lord Willing-

The decision was taken to avoid

He will move to Bedford after New York State has extended the Easter to take up his duties as bank moratorium up to and in the expenditure of energy and Archdeacon, and continue his clusive of March 9 (Thursday)-money entailed by work as Assisant-Bishop of St. Reuter

Albans.

The Rev. A. D. Stewart, of St. end of July, after nearly 28 years. Paul's College, has been offered in the Colony.

the living of Lyonsdown Church. The best wishes of his many thus vacated, and expects to leave friends will go with Mr. Stewart Hongkong for home before the in his new sphere of activities.

A general election, and in view of the plans for federal constitution.

The commerce member," Sir Government was actively consider- Joseph Bhore stated the Indian ng the question or dumping goous in India from Japan.---Reuter.

INSULATION

Against

HEAT COLD NOISE

and

ACCOUSTICAL CORRECTION

BE SURE TO USE ONLY

CELOTEX

INSULATING LUMBER

WHICH HAS STOOD THE TEST OF TIME IN HONGKONG..

SHEWAN TOMES & CO

Hongkong,

Sole Agents,

Canton,

Whiteaways

MAY LAIDLAW & CO LTDI

To-day's

Great news!

FIRST CONSIGNMENTS

OF

NEW SEASONS GOODS

NOW SHOWING..

NEW MILLINERY

A SPECIAL PURCHASE

OF

LADIES' STRAW HATS

'

These are the first of the early Spring Models and all the latest Styles and Colours.

To open the Season we are

offering these all at a price.

$2.95 Each.

Usually $7.50 to $12.50. See Window Display.

NEW

"BUNTY"

VOILES

Over 90 designs in these popular Voiles: Tootals Manufacture. All the latest designs and color- ings.

38 inches Wide

PRICE

$1.25 Yard

MAKE YOUR SELECTION EARLY Best Designs & Colors Go First,

HOUSEHOLD LINENS

Colored linen afternoon Tea or Break- fast Cloth' with 4 Napkins to match. All Colors.

42 inches Square $2.50

50 inches Square

$3.50

MEN'S OUTFITTING DEPT,

WATERPROOFS

Men's Lightweight Waterproofs. Re- liable quality. Single Breasted. Light drab colour. All sizes just in. ⠀

PRICE $17.50

NEW GOODS

IN

ALL DEPARTMENTS

Inspection Cordially Invited. WHITEAWAY LAIDLAW & CO., LTD.