1935-02-19 — Page 25

THE ORIGINAL

CHIP BATH HEATER

ensures gallons of hot water quickly, efficently. Cost of operation prac tically nil!

CHIPS, SHAVINGS, PAPER, ETC. MAKE FINE FUEL

·NO GAS BILLS

YOU MUST INVESTICATE THIS MARVEL AT

WARREN'S

C. E. Warron & Co., Ltd.

China Building.

Post, Lid, Strest, Hugkung.

The

FINAL EDITION

Library, Supreme

Hongkong Telegraph.

FOUNDED 1381

No. 16529

二拜禮 號九十月二英港香 TUESDAY, FEBRUARY 19, 1935. ̇日六十月正

SINGLE COFT, 18 CENTE

$35.00 PER ANNUM

NEW

SEASON'S GOODS

IN ALL

DEPARTMENTS

AT NEW EXCHANGE PRICES

AT

WHITEAWAY'S

UNBEATABLE PONY EXCLUDED FROM BETTING

LIBERTY BAY IN

CLASS APART

CERTAIN SOURCE OF PUNTERS' REVENUE

NEVER A LOSS THROUGH THREE SEASONS

For the first time in the history of the Hongkong Jockey Club, the Stewards to-day banned pari-mutuel betting on a pony. Shortly before the start of the Exchange Plate, a notification was posted on the course stating that, until further notice, Liberty Bay, the un- beatable Dunbar stable mount, would be excluded from the betting,

The notice further stated that pari-mutuel rules as. follows would apply in every race in which Liberty Bay starts: (a) a winning dividend will be paid on the first placed pony, excluding Liberty Bay; (b) place dividends will be paid on the first three ponies, excluding Liberty Bay, provided there are six or more starters for betting purposes.

As there were only five starters in the Exchange Plate, which Liberty Bay won by many lengths, place dividends were confined to King's Justice, which finish- ed second, and Sadko, which came in third. · Since he commenced racing in Hongkong three years ago, Liberty Bay has won race after race by many lengths with monotonous regularity, and has never been ben-' ten. Although the step taken by the Hongkong Jockey Club is unique in the history of racing in the Colony, it has been in force in Hankow.

·

An official of the Jockey Club

LUCKY SWEEP TICKETS

The jury in the Hauptmanu trial taking a stroll in the streets of Flemington, with guards at the front

and rear of the line. Despatches state that the jurors are to appear in vaudeville.

MOTHER

PLEADS

FOR SON

Fear Many

Drowned In Shipwreck

MRS. HAUPTMANN'S DISASTER OFF FUKIEN

MESSAGE

GOVERNOR'S

SYMPATHY

Trenton, N.J., Feb. 18.

COAST?

ROCKET MYSTERY

An unconfirmed report hus been received here from the Governor Hoffman has re- United Press in Shanghai to the

stated this afternoon that the step WINNING NUMBERS ceived a cable from the mother effect that a steamer, named the

had been forced on the Stewards. "Liberty Bay has paralysed betting!

in every race in which he has ap-i

peared," stated this official,

AT RACES The following are the "On Saturday and Monday, two numbers in to-day's cash Chinese backers placed $2,000 on up to press time! Liberty Bay. The adds, as they

a certain return of $40."

Race No. 1

knew, were terrific, but they had

No. 1271

1

11

216 771

LABOUR URGES INQUIRY

PEPPER CRASH

ECHO

QUESTIONS CURBED

London, Feb. 18.

U.S. BOND POLICY UPHELD

SUPREME COURT'S DECISION

MARKET IMMEDIATELY GIVEN IMPETUS

The United States Supreme Court, in quashing to- day the action brought by Mr. Norman C. Norman against the Baltimore and Ohio Railway to collect from them the "gold clause" value of their bonds which he holds, was a victory for the Administration and a de- fence of the monetary policy of President Roosevelt. The abrogation of the gold clause by Congress was thus approved by the Supreme Court, though the justices were divided five to four in their judgment.

The Supreme Court has given outright approval for legislation eliminating the gold payment clauses from all private bonds, and also has thrown out other suita seeking test legislation as applied to Government bonds, and likewise the suit seeking the payment of $1.69 in devalued currency on gold · certificates sur- rendered under the Treasury's orders, says United Press.

With reference to Government bonds and gold certificates held in the United States and in Court claims in which suits have been filed, the Court holds that it has no authority to entertain such suits.

LONDON FINANCE OPINION

FUTURE STILL UNCERTAIN

In the Liberty Bond case it is held that Congress went too far in eliminating the Gold payment. but It is said that any action to re- cover payment must be made in law, and the Court claims that it дая no jurisdiction in such matters.

The Court's dental of jurisdic-. tion in claims appeared to leave the holders of Government bonda and gold certificates without ro- course for recovering extra pay- ments, regardless of the fact that the Court belloved that Congress went too far.

Members of the Treasury have taken the view that the Supreme | Court's decision is a completo Gov- jernment victory.

Mr. David Grenfell, Labour, to-day asked in the House of lof Bruno Hauptman, whose Foo Hslang, sank last night off Commons whether Mr. Duff Cooper, speaking for the Gov- home is in Kamenz, Saxony, in the Fukien coast.

Only two, of 150 passengers ernment, was satisfied that an winning which the old lady pleads for

sweeps clemency for her son, and if he aboard were saved, says this inquiry would be pursued as far as was necessary to allay public must be punished that he be sent message.

Conjecture here is that this may opinion, both in the City and

GOLD CLAUSE to, prison.

have been the vessel which was among the people everywhere,

ABROGATION firing rockets last night, which who were greatly concerned by the steamer Burgenlander sighted the character of the recent

London, Feb. 18. and reported to longkong at 8.30 transactions in pepper.

The United States Supreme p.m.

asked also whether Mr. There were fears here that the Cooper was aware that shareholders Court gold cause decision is the the story in vessel reported lost might have of Messrs. James and Shakespeare, premier present has no power, to pardon. er Pou Shing, but inquiries at that when they were unable to meet com- morning newspapers conceded the Supreme Court, having been "The Governor of New Jersey at been the Jardine, Matheson steam recently posted on the Exchange British press to-day. All the tion has won the gold clause case in I shell sit as a member of the company's offices this morning mitments in pepper dents, allege that it was, in effect, a victory upheld by a majority ruling of the Court of Pardons that may finally elicited the information that the that the firm's business was in- for the Roosevelt dollar.. hear this case and cannot express Foo Shing was safely berthed in tended to be confined to tin and not an opinion until then."--Reuter.

Shanghai and not due to leave extended to pepper.

$744.80

212.80- 100.40

It is understood that, during the past twelve months, many sug- Kestions have been made to the Unplaced ponies ($25 each): Stewards regarding Liberty Bay, Nos. 1436, 1783, 1074, 1272, 1705, and it is stated that at one stage 818, 1080, 1324, 1549, 1502, 860, the Club seriously considered pur-(950, 1197, 1667. chasing the pony, in order to put

an end to the unsatisfactory situa

time the pony started,

Race No. 2

tion created in the Belting every

No. 677

$830.30

There were seventeen starters i

"

812

239.80

in the Kalgan Plate, which was

++

1516

119.90

won by Invincible Knight, with

Unplaced ponies ($25 each):

Mr. Encarnacno in the saddle. Nos. 17614, 1155, 1051, 1196, 1767, The Deemster, ridden by Mr. 1126, 1943, 1620, 240, 1007, 341, Heard, was second half a length 769, 1191.

behind, with Bold Major (Mr. Li

urp) finishing third a length away. Mr. L. G. Frost registered his eighth win of the Meeting when he brought in Mistake Bay two lengths ahend of High Honour in the Tien-

Race No. 3

No. 234

$962.00

2002 205

272.00

136.00

Unplaced ponies ($50 ench):

tsin Stakca, with Soldier of Victory Nos. 1484, 2158, 2054, 2081, 182,

a hond away in third place.

In the Coral Plate, Mr. D. S. LI 1609. rade Bobnink Star to victory in the record time of 1 min. 17.2/6 secs. This compares with Saucy Face's previous record of 1 min. 19.3/5 (Continued on Page 7.)

STOP PRESS

Rooty Hill Derby

Cold Morning

Got That

The Bean Goose

Cash Sweep

No. 1220

1180 142

The Governor, replying says "We deeply sympathise with you Your son's case is to be carried to the Court of Appeals.

Huge Silver Shipment

CHUNGKING BANK BRANCH FUNDS

CRUISER'S

CARGO

Shanghai, Feb. 19.

Ho

news

FIVE TO FOUR

Washington, Feb. 18.

The United States Administra-

court by five votes to four.

Like the Financial Times, they Reuter learns that the Govern- observe that the greatest benefit ment victory is only partial, that its For Hongkong until February 23. Mr. Duff Cooper repeated that all it confers upon the community Jagold clause abrogation in private

A naval vessel from Hongkong, enquires would be made by the the assurance of stability.

bond issues is upheld but that, in on anti-piracy patrol last night, re-official receiver.

The Daily Telegraph remarks federal bond cases, it is defeated. ported this morning that she had Mr. Grenfell then asked whether that the court's declaration The Administration has decided found the apparent solution of the it was the case that a number of amounts to saying the gold clause that no emergency legislation is rockets the Burgenlander reported figures in joint stock banking were is unconstitutional but valld and necessary, however. last night. These were said to be involved in the James and Shakes the City Editor reports that. no more than fire-crackers dis- pears concern. Mr. Speaker here business men regret that the

Intervened and the question was charged by a Chinese craft.

Questioned later, following re- not answered.-Reuter.

ceipt hero of the report of the

Foo Halang, the naval authorities

had no information in this matter."

NOT CONCERNED

Capetown, Feb. 18.

ALL ALONG LINE court did not maintain tho The Governmicat has won all along sanctity of the nation's gold the line regarding private bonds, contracts.

state and municipal gold contracts. The Morning Post however, be- In each case the court uphold by Police vessels from Mirs Bay' Mr. Reginald McKenna, Chair-loves the Administration may five-to-four the right of Congress to also hunted for the distressed shipman of the Midland Bank, and perhaps fairly claim to have been regulate currency..

The majority of the court con- Race No. 4

the Burgenlander reported, but Liberal member for N. Monmouth vindicated of the charge of violat

ing the sanctity of contracts,sisted of Justices Hughes, Stone. apparently sighted no such craft. he, when he arrived hot though the City Editor says that Brandles, Roberts and Cardozo, and No. 670

$1,169.70

holiday to-day, said he was most They were looking for ship! 331.20 .. 268

which had boon ritated, or for surprised that his name had been at a later period should President the minority votes were from 1608

167.10

One of the largest individual escaping pliates, it is understood, mentioned in connection with the Roosevelt's programme not full Justices McReynolds, van Dovantor,

In

the gold Sutherland and Butler. expectations, or f, to pepper pool dealings England.

Declaring, The Constitution is Unplaced ponies ($50 each): shipments of silver and banknotes and not for a sinking craft,

Ho sald ho was merely a share-bond holders' loss of rights should Nos. 1783, 2164.

ever to leave Shanghal is being

REUTER REPORT

holder in the Jamed and Shako be added a greatly increased bur-gono," Justice McReynolds present- despatched to Chungking to-day

speare firm and was not concerned den of taxation as a result of cd the views of the dissentient aboard the Customs cruiser Wen This afternoon a despatch from with ito location or its manage- lavish national expenditure, the judges, criticising the majority Hsing, according to the North Renter, Shanghai, scomed to

decision may yet have far-reaching|judges for eaying in one breath ment.Router.

Congress hnd no power to repudiato | China Daily News.

consequences. any possibility The shipment totals $12,000,000, Burgenlander having seen signinla from Aloking ship last night. Unplaced ponies. (350 each): comprising $10,000,000 in notes and 1 Nos. 1074, 2238, 1942, 953, 740, $2,000,000 in bar silver and dollars. The United Press report, received The money is intended for a now earlier, that a vessel had sunk off the Fukion const, apparently branch of the Central Bank which has been established in Chungking originated with Chinese newspa- Ing pors in Shanghai which published and a portion of it has been the atory that a small passenger designed for the facilitating of

REACHED activities of the Nanking Govern-ship, the Fu Lung, had foundered

north of Foochow mont in Szechuen.-Reulor,

the vernacular According to

Brussels, Feb. 18. press more than 100 passengers A trade agreement was reached and craw perished in the ferce to-day between Belgium and the storm which annk the ship. The Irish Free State. tragedy occurred at noon' yastar- day the reports state.

Race No. 5

Nr. 2332

$1,045.10

"

302

*93

299.60 149.30

2

2326, 199.

Race No. 0

3

No. 1370

2276 242

$1,708.10

504.60... 262.30

Unplaced ponies ($50 each); Nos. 3106, 3437, 1199, 2446, 3123, j471.

$1,582.00 452:00

226.00 Unplaced ponies ($50 each) í Nos. 2003, 24, 3031, 1449, 2505, 2050, 2101, 2084,

Race No, T No. 2051

2015 1773

$1,772.40 0.40 $53.20 Unplaced ponies (350 each): Nos. 3657, 1001, 2328, 1875, 9410.

Race No. 8

No. 2672 ...3048

+

•

809 1176

$1,716.40 490.40 122.60 122.60

Unplaced ponies. (860 each): Nos. 3776, 182, 1501, 411, 1955, 1001, 1, 481, 2669, 1934, 1909,

move

of

the

BELGIAN-IRISH

TREATY

MARKET AGREEMENT

It is the long view of the altunt-its gold bond obligations and at. lon in the United States which the same time reaching the conclu- gives considerable concern to (Continued on Page G.) financial circles In Britain.- Reuter.

"IMMORAL AND ILLEGAL"

not be far-reaching but the moral ofect is great. No-one in the office, car hereafter will undertako to' New York, Feb. 18. The New York Times states in an play fast and loose with constita- editorial to-day that "though It tional honour without knowing that: could have been wished that the the Supreme Court Is there ready de sion of the Supreme Court was to rebuke him and undo his workto

*The court has doad, much ore nearly unanimous, it will go to

the people as a conscientious judg-free Americans from a ' helse- og The agreement provides that ment of men of noteworthy in chagrin and abaton which cher hed Belgium is assured of a market in dependence and public spirit, when the freeled oodatha Uth

Free State, while sho

The only survivor related that the

Their courago is best seen in the Governnions, and delil fatal, Uro- the ship had sunk near Lienkong, guarantees to provide the Froo decision against the Government in pudiated Column 101

The steamer carried 85 passen- State with orders for agricultural the matter of refusing to carryjong Thryn bir hordbeing gers and was bound from Foochow produce of various descriptions its own obligations 201

to Idenkong, it seems.

Router.

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