1934-12-19 — Page 8

THE HONGKONG TELEGRAPH.

WEDNESDAY, DECEMBER 19, 1934.

"TELEGRAPH” SPECIAL HOME FOOTBALL SECTION

Football Wealth Not Owned

By Shareholders

LITTLE KNOWN FACTS ABOUT FINANCE

By Frank M. Carruthers

66WWWHAT," I am asked, "is the value of a £1 share in

the Arsenal club?"

Without sentiment or any other consideration enter- ing into the question, its worth is fixed by the fact that it cannot earn a higher rate of interest than 7% per cent, Possibly at the present time its value is about 30s.

It should be realised, too that the shares of the Arsenal, despite the wonderful prosperity of the club, are not worth more than those of others who regularly pay their dividends. Even the value of assets do not make any difference.

But I remember the time when the Arsenal tried hard and In about not very successfully to sell their shares at £1 each. 1919 the late Sir Henry Norris prepared a scheme to attract the public to invest in the club.

The Arsenal, however, were not | all charges against the club had fong anxious to sell their shares, been met, would pass into the con They became buyera. The position ta the same to-day. I should doubt trol of the Football Association. whether a Arsenal share ever The latter would, In fact, claim all changes hands except privately, and rights in the players so far as it in the same in the case of all transfer matters were concerned. the other leading clubs. There is 80 open market for football club karen,

How different the situation might have been except for the wanderful | foresight of thone who built the foundations of the game and laid there down the principle that should be no private or personal gain. But for this wine provision football would long since have been exploited by the speculator, and if it had been able to withstand the Inronda made upon It, would to-day be his El Dorado.

SHOULD BE STUDIED

Dr

OUR Home

Soccer FORECAST

Snips

Europe Wants

To See More F. A. Teams

For Saturday HOW lime can a team remain at INTERPRETATION OF

*

Programme

the peak of their form? The answer to this question actiles most championships. Manchester City started as if they were to be the "The following is the special team of the year, but after, k Telegmph forecast for Saturday, brilliant spurt they have lost their

distinction. Where teams are marked in heavy type they are expected to win, and where no such indication is given a draw is anticipated.

Blackburn Middlesboro

Arsenal Birmingham

FIRST DIVISION.

ASTON VILLA ↑ CHELSEA T DERBY COUNTY EVERTON GRIMSBY Huddersfield Leicester PRESTON N. E. Y SUNDERLANG Wolves

Barnsley

Wednesday

སྙ་

ぞ

V

Sloke

*

Portsmouth

West Bromich Liverpool MANCHESTER

SECOND DIVISION.

RULES DANGER

OUR "FORM” GUIDE

How Your Team Has Been Faring In League

The following table reveals how each team in the four divi-- sions of the English league have fared to date, the results includ» ing their last five more matches up to yesterday.

The first figure in each case, of course, is that of the team concerned.

THIRD DIVISION (SOUTH).

FIRST DIVISION.

Middlesbro'

By Frank M, Carruthers

Informal invitations have been received already by the Football

Birmishanm the other Association to send a team on to fierby C.

Continent next SUNDERLAND, OR

summer. Leeds hand, have been wonderfully the consistent, and at the present time Scotland have also been asked to Aston Villa they seem to be playing better visit Austria, and they may do so. Chelsen than ever. Their secret is that Meanwhile the "Keep out of Lekester they have got Inside forwards and Europe" movement is gaining in Liverpool wing halves of the clever, con- strength. It began before the Dithuth structive type, with other capable match with Italy, and, of course, 'teston players to fit in with their style.

what happened at Highbury has Wednesday. given it momentum,

Sunderland Tottenham A year ago I painted to DONCASTER Revers have obtain

the

West Bromwich ed the transfer of Reg Baines, dangers. Before the beginning of wolven centre forward, of Sheffield, United, this

season 1 again urged the Backburn the fee pald being the highest ever authorities to try to arrive at a Arsenal

Common understanding as to how Grimsby C.jriven by Doncastor. •

the rules should be interpréted. | Stoke

Y FULHAMI Blackpool NOTTS FOREST Newcastle

*

+

ず

Plymouth Hull

How Ossential these regulations, BOLTON are will be rented. Without them, Į Bradford C. although it may be beyond concep- } BURNLEY tion, a prosperous club miglit get MANCHESTER U. € into the hands of unscrupulous - NOTTS C. venturers who would deliberately | Oldham

PORT VALE break it up, realise the assets, and

Sheffield U take very substantial profits,

SOUTHAMPTON • Bury SWANSEA

i

West Ham

Y

Y

+ Bradford

v. BRENTFORD

T Norwich

THIRD DIVISION (SOUTH),

་་

+ Exeter

Millwall

THE Rumanian Football Federa.

tlon has appointed Peter Farm fer, an ex-Celtic (Glasgow) trainer, to be their coach and adviser.

It was plain that there was bound Huddersfield.. to be serious trouble unless an at- Everton tempt was made to reconcile the Manchester C. British with the Continental point of view,

WORK MUST. GO ON

For more than 30 years England have striven to make fooltells yame

3-2 1-0 2-1 1-5 3-4 | Aldershot 1-5 1-2 2-4 9-3 6-2 | Brighton 2–4 0–1 4–2 1–1 1–3 | Bristol C.. 2-1 6-4 1-3 1-1 1-4 Cardif 2-1 1-1 4-1 0-2) Clapton 0. 2-2 1–3 3–2 2–2 4–1 | Caventry 1-5 1-0 1-1 0-1 0-9) Exeter 5-1 2-1 0-1 1-4 4-1} Gillingham 31 $-51~1 3–2 2–1} Luton 1-2 - 1-3 2-4 3-Swindon 2-1 2–1 2–2 1–0 0– | Crystal P. 4-2 0-1 2-2 5–1 4–2 Bristol R 0-1 3-21-22 - Watford 4-0 1-0 -1 3-9 4-2 Charlton 2-2 2-1 0-7 2-3 2-1 Reading 1-2 1-2 4-2 2-3 2-5 Northampton. 1-2 7-0 1-1 8-0 Newport 2-3'3-1 0-1 2-2 2-4 Torquay 3-2 1-3 3-1 2-3 1-2 Southend 0-0 3-1 2-4 3-1 1-0 | Queen's P. R. remouth. 2-3 1-2 2-3 5-2 0-0

2-0

4-3 4-7 1-1 1-1 3-2 55 1-5 1-3 1-0 2-5 2-2 2-0 2-0 1–1 74 4-1 1-1.0-2 6-0 6-3 5-2 5-1 1-0 3-0 2-2 1-1 1-1 0-0 1-0 1-0 1-4 1-9 0-6 2-0 6-241 01 2-3.2-1 0-1 2-2 1-1 -1 3-6 1-1 0-2 0-3 1-2 0-1 - 1-2 2-2 1-2 1-

THIRD DIVISION (NORTH).

2-3 1-2

0-0 2-1 1-0 4-2 2-0 | Millwall SECOND DIVISION.

Bradford Brentford Kurnley Itury

Fulliam

4-0 1-1 1-1 0-0 1-2) Accrington 6–1 4–2 3–1 2–2 8-1{ Crewe ... 1-63-1 1-1 1-2 3-2 Darlington 3-10-13-1.0-0 1-0) Gateshead 3-1 1-3 4-1 0-1 2-0 Ialifax

THE Villa are now making alendy headway, and the publie, I am sure, are eagerly looking forward to the time when they will regain their old power. A general over haul is now taking place, mainly.complished so much are they now Notts F. perhaps with a view to increasing to abandon their work? Are they Oldham the reserve strength, The club are to cense

to spread the gospel of Port Vale in fact showing more activity than sport as we understand it and tench (for three or four years,

moral discipline on the field?

of world-wide interest. Having ac- Manchester U, 2-3 3-2 1-3 1-0 2-1 Lincoln

ONE EXCEPTION.

Strangely enough there is one chib who are not bound by these! ALDERSHOT financial regulations, This |is| BRIGHTON Everton, and no one know how an ISTOL ROVERS ▼ GBlinghani exception was made in their case. | CARDIFF

> Bristol City 1 Reading The nreident occurred many years | CHARLTON

Northamptonre. *0. Their articles of association CRYSTAL PALACE Y ¡differ from those of other clubs.

The intake

Wak

Luton

1

Coventry

QUEEN'S P. R.

1

Bournemouth

( SOUTHEND SWINDON

g

Clapton

1

Newport

1

Watford

TORQUAY

THIRD DIVISION (NORTH).

The financial regulations of-foot. kali are remarkable. They do not i

was discovered a obtain in any other aport pastime, and I wish those who be. few years ago, and an attenipt was muule to rectify it. This, however, lieve that the League with ita professional interesta is carried on

not easy: there were legal dileulties. But no one thinks that as 1 hard-baked business would study them. They would quickly Everton will ever abuse privileges ACCRINGTON change their view.

were inexplicably granted Chester them at the time the club erne into being, and so the position remains

is it realled, for instance, that

which

in effect the clubs do not belong as it has always becu, .

even to the shareholder«? What money the latter, may have invest- ed was simply in support of the game is it might be played on a curtain ground nod under certain management.

The clubs aro national institu- tions, and as such they aṛo. under Che direct control of the Football Association,

WORTH $2,000,000

I do not think 1 exaggerate in estimating the value of the 88 clubs who form the League at over £2,000,000, but if it were possible to realise their assets none of this enoney, beyond what was necessary o discharge outstanding debts, would be theirs. As a matter of ɗach, In this nenae even the players. do not belong to the clubs. Possibly it is to some extent on this account Chat the playing staffs, who may have caused a big outlay in transfer Fees, do not appear as assets Balance-sheets.

Imagine that one of the leading duba for some renson or other cused down am that their assets were disposed of for, say, £100,000, This money would not go to the sharoholders. They would receive

KOWLOON GOLF

Starting Times For Laneford Trophy

་

Harrow

ነ

Tranmere

1 Walanil

Carlisle

1

CREWE DONCASTER DARLINGTON

GATESHEAD HARTLEPOOLS v New Brighton SOUTHPORT STOCKPORT YORK

*

V

*

Halifax Mangfield Rotherham Lincoln

Wrexham

Chesterfield Itochdale

SCOTTISH LEAGUE

(FIRST DIVISION)

ABERDEEN

The Langford Trophy golf competi-Albion tion is to be played off at the Kow- | CLYDE loon Golf Club on Sunday next over HAMILTON 3 holes medal play on handienp. The HEARTS drow for starting times is as follows:

9 a.m. D. Parsons, J. D. Thomson. 1.01 J. Rapley P. EA. Remedios, 9.08 A. Uulart, A. A. Lopea, 9.12 H., Mundy, W. A. Stewart. 9.10 W. J. Woolley, C. G.

Anderson,

9.20 A. Eastman, P Allsebrook. 9.24 S. Macnider, 1. da Roza.

9.28 T. Seddon, A. T. Braley.

9.32

W. Groves, D. Cameron,

9.30

F. Angus, C. E. Terry.

9.40

L. D. Purves, A. J. Dennis. 9.44 1. Vale, W. C. Simpson.

A. A. Andrews, A. W. da

Raza,

mn

9.48

9.62 W. Hirst, E Black. 9.58 . K. Collings, R. Henderaun. 10.00. R. Rozen, F. C. Barry. 10.04

J. J. King, J. G. Charlton. 10.08. H. C. Horner, A. J. Canles, 10.12 W. Ahern, J. McCas, • 10,16 E. F. Barnes, A. R. Brown.

Messrs. A.. Eustruh, R. Henderson

no more than they had invested, and A. J. Henttis will get as Stewards and whatever sum remained, after of the course,

CINZANO VERMOUTH

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l'artick DUNDEE

V Ayr

V llibernians + Falkirk KILMARNOCK v Celtic QUEEN'S PARK A Airdrie Queen of South. _v_Motherwell. RANGERS

+ Dunfermline ST. JOHNSTONE v St Mirren

*

an

Barnsley Norwich Southampton

I do not think the authorities will N their quest of players, however, do this simply because their ideals Blackpool. they have had the usual experi-in one game have been ruthlessly, Plymouth

Some men they world have | Phattered, filed have not been available, and in all cases the prices asked have

een startling.

•

Bradford C. Newcastle

But the big problem remains, folton and until it can be settled I think Sheffield Ů. it may be well to leave Europe Notts C. EEDS United have signed for, for a time and to pursue the mis- | full

West Ham £2,000 J. McDougall, who was sionary work elsewhere. Sunderland's regular centre hat?! and captain until midway through And was expped for last season. Scotland against Ireland in 1930.

H. Wright, the Charlton Athletic god-keeper, is in hospital suffering from a fractured rib,

CAMBRIDGE LOSE

Rugger Side Beaten At Edinburgh

London, Dec. 18.

Cambridge University XV were (defeated by 17 points nil to-day when they travelled north to play the Edinburgh" Academienla=Reu-

G. Keizer, who formerly played for the Arenal, and new between sticks in the Ajax (Holland) touring side, in action against Talington

a team, the Continental players defeated by d gosis to mil.

"Wire"

Betting

System

EXPERIMENT AT FANLING RACES

CRICKET MATCH

Army XI To Meet Royal Navy

Europe wants to be friendly with this, country, There is no doubt tout this, and they will do every thing possible to put matters right.

In the circumstances I suggest the calling of a round-table con- ference at which I think a solu- tion of all the difficulties would casily be found.

In my view most of the troubles at Highbury wore due to that world championship title which the Italians are pleased to claim.

Europe's need is to get back to the days when they jerowned their sporting heroes with hurel wreaths instead of decking them with world's championship

Bearer

titles.

JUST CLUMSY.

Stockport

1-0 2-3 2-0 2-1 2-1} Rotherham 1-3 1-1 0-2 1-2 2-4 1-2 0-2 2-2 0-2 Tranmere 0-1 2-1 3-4 9-0 2-3 Walsall .. 0-3 3-0 1-1 1-2 1-8 Wrexham 7-2-1 2-1 2-4 2-3] New Brighton 041-4 0-1 2-2 1-4 Doncaster 3-0 1-1 2-1 2-3 4-1 York 4-0 2-3 2-0 2-1 3-2 Chester 2-1 0-2 1-2 0-0 1-2 Mansfield 4-2-0 1-0 0-1 1-2 Rochdale 0-1 3-2 3-2 1-0 1-1 Chesterfield 0-2 1-1 1-3 3-1 1-2 Southmurt 2-7 8-1 0-1 3-2 0-1 Carlisle 3-2 2-1 1-1 4-3 1:0 2-0 2-0 4-0 2-2 4-1

Billiards

League

C.P.O.'s CLUB.AT HEAD OF TABLE

Hartlepools Barrow

4-1 1-1.1-2

0-1 1-2 2-2 2-3 0-2 1-3 073

1-0 2-1' 2-1 1-3 4-1

2-1 1-1 0-2 3-1 0-0 06 2-1 3-0 1-2 2-2 1-2 1-3 1-2 3-21-4 2-0 3-1 3-0 2-4 4-1

2-2 2-3 6-0 1-1 3-1' 2-2 3-1 2-1 0-3 1-2 2-2 0-1 2-1 0-1 1-1 2-0 1-1 2-0 2-1 (-0 3-2 1-5 10 04

1-4 3-2 2-2

1-1 1-0 2-2 0-1 3-1 1-2 1-2 2-2

2-5 1-1 1-3

1-4 4-0 0-301 1-2 0-2 4-1

C.P/O.' Club v. Garrison Sgts' Mess E.R.A. F.

Sorgent. 150 Sergt. Fink! 9t Shp 1

Yeoman. 160 Sergt. Bloomfield 100 E.A. a. rage: 118 Sergt. Galwali 159 Sy. P.O. F.

Joiner T.

Rose G Sergt. Wodo 160

Savage. 116 M.G. Longman 150 P.O. E.

Gowing. 150 L/Sgt. Roach 017

Total.. 740

•

S/Sgt.

Total

Garrison Sgts' Moss v.

R. E. Satı' Masa

713

The C.P.O's Club are still at the head of the Steel and Coulson's Hards' Lengte, one point ahead of the R. E. Sgta.'.Mess In the same umber of games played. Daring he recent matches they beat the Garrison Sgts. Mess by five games Johns, 150 Sergt. Hodges 90 o one, representing 844 points to S/Sgt. Dyer. 160 Sergt. Grossmith 136.

5.Q.M.S.

·593;------

Digly 131 Q.M.9. Staples 150 the matches Sergt. og.ther with the League table] Ramson 107 Capt. Regan 150 ru published below:

S/Sgt.

The results of

C.P.O.' Club v. R. A. Sgts' Mau

One good feature about the Italians' display was that all their objectionable infringements were of the most obvious description There was nothing cunning about them. Their fouls were just awk- ward and clumsy, playing the man E.R.A. F. Instead of the ball. They erred, in our view, almply through fuiling to realise the difference between right EA. W. and wrong.

- Sargent. 160 S/Sgt. Flood 100

West 150 Sergl. Dyer

12

The Football Association hova a Sỹ. 1.0. F. lot of important work to do. There

Rose 150 Sergt. John

Horper. 94 Sergt. Ranson

R.M. 150 Sergt. Gross

150 SQ.M.S. Digby

is the question of refereeing. Ch. Wtr After their last meeting I was told, "We shall go right to the bottom Sergt. Elsey. at the problem; we cannot leave it. P.RL.A. We believe, too, that we shall be able greatly to improve the situa- tion."

I understand that at the meeting there was a general discussion. members of the committee euch pointing out defects in the present system. Possibly such matters as the two referee plan and gost judges were mentioned informally. but I obtained no information on these points. Certainly no decí- thesions even to try them were taken. F.C., ?

As a matter of fact, the details of the whole question were left to a sub-committee to work out, and there at present the matter mains.

The following, have been selected to represent the Army in the league match against the Navy to be played on Saturday, December 22, at King's Park, commencing at 2 pm-Major

re

LOCAL FOOTBALL

SECOND DIVISION

CHANGES

Several changes are notified by

V. T. Bonavia, Capt. L. J. Walch, the Hongkong Football Associa Capt. D. B. Michell, Llouts. C. C. tion for Saturday and Sunday What is to be known as Garthwaite, J. P. Williams, J. R the "Wire" system of bet-Rice Evans, C. S. M. T. Elvin, Corp. ting is to be introduced at W. H. Colledge, Carpt. D. Ballard,

Pto. E. Dawey, (twolfth man). the Fanling Hunt and Race Club's first steeplechase meeting of the season

according to how they are placed. After deducting Government tax and Kwanti on Sunday after-Club Commission there will remain

next. Johnson, H. de B..Pritchard, J. A. N. The Second Division match on Satur-

noon next.

at

for distribution all monies received in addition to the cost of tickets on the thren placed ponioa. As at present. The present separate parl-mutuel holders of winning tickets will be tickets on winning and placed ponies allocated their $5 before the prize are to be discarded and in their place monoy is divided.

one ticket will be issued for both win

day between the Chinese Athletic and Eastern Athletic will be played at Caroline H at 2.30 p.m.; and at Bookunpoo at the same time on Satur. day. the Royal Welch Fusslifers second cieven will meet the Kowloon Football Club juniora.

On Sunday the Royal Navy and the East Lancashire Regiment will play off their Second Division tie on

Royal Navy and Royal Marine

ground, Causeway Bay, at 2.80

pm:

and placed ponies. The price of, there Holders of tickets on the first per cent, the remaining 20 per

new tickets will be changed from 32 to $6 each,

pony past the post will receive 60 per cent. of the "pool" for division Dividends will be paid to holders among them and second placed of the tickets on the first three ponies pony ticket holders will divide 20

cent. going to ticket holdern on the third pony.

The system fa in forcò in Australia and elsewhere.

Total 814

:

LONDON

Total

CILBEY'S DRY CIN Distilled & Bottled,

Williams 30 S/Sgt. Harris 100

Sorgt.

Smith. 150 W.0.1. Leppard 147

Total.... 824

Total., 778

LEAGUE TABLE

The following Lengue Table includes 103

all matches played to date: 160)....

11

P. W. L. Pts. 'C.P.D.'s Club ...... D 4 60 R.E. Sgte Mess 8 R.A. Sets Mens ..

Garrison Sgt. Mess 5 683 E. Lanes, Sgts Mess -St. Patrick's Club

SETTING A

6 4 1. 10%

2 2 5 1 4

4

1 0 3

0 4

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