1935-03-18 — Page 19

Poor Recovery U.S. RELIEF

Effort

AMERICAN PROGRESS

CRITICISED

FAR BEHIND BRITAIN

Cleveland, March 16, The prominent statistician, Mr. Leonard Portor Ayers, author of Economics of Recovery and var lous other economies publications, sald to-day that the United States achievements in the process of re- covery were among the poorest of any other leading nations.

United Press,

BILL STILL IN PERIL

CAN MR. ROOSEVELT KEEP CONTROL?.

DANGEROUS AMENDMENTS

Washington, March 17. The Work Relief Bill is still faced by the peril of the various amendments which have yet to come before the Senate.

there

ik Senator

Firstly there is the amendment Ife added that Sweden's record Introduced by Senator Alva B. was the best in this respect, with Adams of Colorado for the appro- England running a close second.-priation of $2,880,090,000, for the purpose of a dele relief instead of BANKING CONTROL

for the creation of jobs.

Secondly Washington, March 17. It was learned to tiny that the Burton K. Wheeler's Amendment ultimate objective of the Bank- for the finance of relief measures ing programme is to eliminate the by the Issue of greenbacks. existing dual system of State and Fedoral chartered banks. by bringing all banka under Federal charter.

The first step in this direction la contained in the new Banking Act of 1934 which offers a strong Inducement to all banks to Join the Federal Reserve,

N. R., A. LOANS

The Reconstruction Finance Corporation Intends to collect mll- lions of dollars outstanding in National Recovery loans, or to take over the affairs of the de- faulting debtors.

THE HONGKONG TELEGRAPH

Governor's -Plane Safe

FRENCH PARTY REAPPEARS

Paris, Mar. 17. The plane in which the Governor of French Equatorial-Africa, M. Edouard Renard, Mme. Renard and five others, were travelling, and which was reported missing Friday, has landed safely, according to a despatch from Fort Lamy, Equatorial Africa,

in

The big trimotor machines landed safely at Mirmengo.

It was delayed and wandering some time in a heavy fog, after t had successfully weathered tornado.

MONDAY, MARCH 18, : 1995.

BELGIUM PURSUES HOARDERS

DECREE TO END SPECULATION

▸

CURRENCY CONTROL

RADIO BROADCAST

Dance Music from The Hongkong Hotel.

ZE.K. PROGRAMME

From Z. B. W. on a wavelength of 365 motrea (845 kilocycles):

0 p.m. Hongkong Hotel Dance

6-6.30 p.m. From the Studio. zoe Junior Pupils.

A Recital by Professor E. Makle-

Programme

Orchestra. Brussels, March 17. Royal Decrees were published to-day, designed to "put a stop to speculation in Belgian francs."

The Arst decree establishes an office of National Exchange, and the second hands control of oporu tions in foreign currency to the now organisation.

told of the battle against the storm A radio message from the plane

A semi-offefal statement says And added that the machine was that all dealings in gold, whether hampered by fog, When no fur- it be bar or coin, must be sub after 8 a.m. Friday, search parties to avoid the hoarding of gold- ther reports were received from itmitted to the Control body in order

were

Thirdly, Sonator Elmer Thomas

despatched. Planes and Router. has an amendment to make the powerful tractors searched the de- silver purchase programme manda-sort in the vicinity in which it was supposed the plane must have been forced down.

tory.

BELGAS' DECLINE

1.

Rondo (Kirblau).

K. Salto, aged 10 yrs.

2: (a) Solfedfio (Bach). (b) Sonato (Mozart).

K. Fujleda. aged 10 yrs. Ivy Lao.

3. Valsa No. 15 (Chopin),

4.

(a) Humoreske (Dvorak). (b) To Spring (Grieg),

e) The Butterfly (Lavalleo).

M. Sukagaya, aged 12 yrs. 6. Sulto for two pianos (Arensky). Charlotte Las and Professor S. Maklezoff.

Romance. Valse.

6.40-7 p.m. Hongkong Hotel Dance

Orchestra. Only Inte to-day,

The defeat of the McCarran with receipt of the mesange from amendment in the Senate Friday last is regarded na being called.--Reuter,

on Fort Lamy, were the searchers re- Indicative that President Roosevelt has regained control of the Senate,

United Press.

FINANCIAL FORECAST

Washington, Mar, 10. The $4,800,000,000 Work Relief Bi will become inw within a fort. right, although the actual spending will be delayed, with business stimulation small.

The Department of the Treasury has estimated that income tax coÏ-,

Congressional sentiment indicates Jections for the first half of Marcha modified Bill allowing utility hoki- this year amounted to $198,000,- ing companies to dismantle and re- 000, which is approximately thirty organise more leisurely than con- per cent. of the amount for the templated in the original B: spine corresponding period last year will continue as necessary, others United Press.

as investment trusts without voting control. Federal regulation of operating companies is likely,

SEEKING GOLD LEAF

MAN CAUGHT RUBBING

SIGN-BOARDS

Regulation of motor trucks ser- vices competing with railroads is unlikely.

Immigration Restricted

|MANCHUKUO CLOSES

ITS DOORS

Tientsin, Mar. 18. tache of the Japanese Legation, has Colonel Takahashif Military At- arrived here from Pelping for the purpose of holding discussions with the Chinese authorities concerning the restrictive measures taken by the Japanese authorities at Shan- halkwan and Kupelkow Pass against the entry churia.

of Chineso into Man-

Technically, the Manchukuo au thorities do not admit the closing of the doors of Manchuria to Chinese immigrants, but Chinese travellers to Manchuria are sub- jected to most arbitrary treatment halkwan.

New York, March 17. Wall Street regards the break ficant in the Belga as being more signi- than the decline in the Franc.

not

Financial observers express the opinion that the fate of the Belga depends upon whether flanelal aid la received from France.

or

Some believe that Belgium might decido over the week-end to place an embargo on gold shipments and to eventually devalue thei Belga.—United Press,

BRITAIN HARS NO CONFLICT

(Continued from Page_1.) LESS EVER and security vanishes once mare into the mists, the Telegraph warns,

The N.R.A, is meeting growing opposition, but its continuation in

one form for one year is likely.

The payment of the Bonus in full Is unlikely; a compromise Bill may pass later.

Moderate devaluation in Euro- A most unusual case of theftpean gold bloc countries is almost came up for hearing before Mr.certain in the next few months. Aby the Japanese officials at Shan- Wynne-Jones In the Central Police further decline in the British pound Court this morning, when Mak is expected, Wing, 21, unemployed, was charged Reform has been put before re- Now, all hotels and inns at Shan- on three counts of stealing gold covery by the Administration, re-ward-bound travellers, who have halkwn are crowded with out- leaf sign boards from the Wo Ping sulting in a lack of confidence which been refused permits for entrance shop, 45 Wing On Street: Tung Ons retarding business commitments. shop, 12, Wing On Street; and the Expect an abnormal business de- into Manchuria.-Central News. and Kwong Sing Tai shop, 16 Wing Oneline from spring into mid-summer. Street: and, alternatively, with Business volume in 1935 is expected damaging the boards. Defendant to be only slightly higher than In was arrested by Chinese con- 1934-Sican, Culbertson and Fritz. stable.

Defendant pleaded guilty to all the charges.

Delective-Sergeant Baldwin said defendant was seen by the constable rubbing sign boards. He kept him under observation for a while and then arrested him. The defendant had a piece of waste in his posses- sion and admitted he was rubbing the boards to remove the gold leaf.

The police applied for 48 hours remand for the Government Analyst to examine the waste to see if there is any gold leaf to be found.

Defendant was accordingly re- manded in gaol.

S'HAI MARKET REPORT

EXCHANGE REMAINS FIRM TO-DAY

Shanghai, Mar. 18.

The Foreign Exchange Market is quiet here this morning.

MANILA STOCK EXCHANGE

FRANCO-BELGIAN GOLD ALLIANCE

(Continued from Page 1) amallest amount being a inget for 215,000 francs.

12-kito

It is estimated that Franco possesses a fourth of the world's fotal gold supply, increasing its hoard from 20 milliards of francs

CRUDE METHODS

7 p.m. Stock Quotations. 7.03-7.83 p.m. Concert Items.. Songs The Lass with the delicate

Air (Arne). Song By the waters of Minnetonka

(Lieurance). Violin Solos-La Clochette (Paganini). Mavis Bennett (Soprano).

Violin Solos--The Dance of the

Goblins (Bazzini).

Alfredo Rode. Planoforte Solos Danse Creole

(Chaminade). Pianoforte Solos-Pierrette (Cham

inade),

Una Bourne, Songs Young Briton's Heritage

(Hennessy). Songs Our River Thamos (Her-

Mary).

Peter Dawson (Base- Baritone).

Song-O Sole Mio (di Capun),

Dusolina Giannini (Soprano). 7.33-7.50 p.m. Review of Revues played by Debroy Somers Band.

7.50-8 p.m. From the Studio. "A Boy Senut's Trip around World" by Jimmy Mody.

the

8 p.m. Time and Weather Report. 8.03-10.30 p.m. Chinese Studio Con- cert.

Stock 9.30 p.m. Press Bulletins. and Commodity Quotations.

10.30 p.m. Press Bulletins. Stock and Commodity Quotations. 10.35 p.m. Clone Down.

Z.E.K. PROGRAMME

If, says the Times, Hitler's move is simply a rather crude method of aserting German equality, no ir- reparable harm has been done. Sir John Simon's visit to Berlin should be paid according to plan. The British policy does not Huctuate from week to week, and its purpose is to organise a collective system of security for Europe. And it will not flinch from its task as long as 8.30-10 hope remains. However, it be-music from 2.E.K. on a frequency of p.m. European, recorded

know from Herr Hitler himself whether Germany intends sincerely "Farewell") comes moro urgent than ever to 610 k.ca.

8.30-8.55 p.m. Symphony No. 45 in F. sharp Minor whole-heartedly to play her (aydn). part in the system and join in an

Sir Henry J. Wood conducting the equitable plan for the limitation of

London Symphony Orchestra. 8.55-9.22 p.m. Song Memories, armonients.

Drinks all Round; What's next? There is no cause, the Financial (arr. Herman Finck); Hermann Lohr Times considera, to take other than-Vocal Gems. a calm vlow as far as the markets

9.22-9.30 p.m. Marche Slav here are concerned.

(Tschaikovsky).

BRITAIN MUST ARM Says the Daily Express: "By this net Nazi Germany declares she will regain her rights and territories .she lost and will re- conquer by means of the sword.

The Regimental Band of II. M. Grenadier Guards. 9.30 pm. Reuter Press Bulletina, London p.m. Stock and Commodity Quotations.

0.35-10 p.m. Dance Music, 10. p.m.

Close Down.

ZEESEN PROGRAMMES

PHILIPPINE GOLD SHARE QUOTATIONS

"Britain, in the face of threat- To-day's quotations as received

ened war, should withdraw from Ly Messrs. Swan, Culbertson and 1995 to 82 milliards in Decem- the ruins of the pacts and equip Fritz shortly after the close of

her, 1934. This represents an herself with aerial, naval and This the morning session of the Manila increase of 3 milliards in six and military strength equal to the Stack Exchange are as follows paper in circulation is backed by barring only the United States."

a half years. At the present time strongest power in the

world. Priro to Pes

81 per cent, gold coverage instead-Reuter, Price Price to of the legal minimum of 35

7000 0.83 0.NS

1000 cent. 4,2 9,32 12.00 12.00 6000 0,18

Asked i Selce Volume

v.17

Antamok Good Belle – 0.84 Igalo God Mining 0.33 Bengurt Consolidated 12.08 Gut River

D.IN 1.20 1.10 1.20 0.3H 0.37 0.38 0.17 0.16 0.17 0.25 0.24 0.20

Gal Minea- Tegon Mining Co.

Saiacot Safe Co. Slyex Coral intel United Parocale

10000

per

U.S. INTEREST

Washington, Mar, 17. The State Department remained open all day to-day to receive news of the developments of the German situation.

Thus, France, with a population 4000 1000 of 40,000,000 has more gold per 1000 capita than any other nation in 7000 the world. It possesses more gold 0.34 -0.33 0.34 2000 than all

the rest of Europe.

3. C. & F. Gold share Index 71.7., Market United Press.

steady. Volume Peso 110,000.

DAY BY DAY NEWS IN BRIEF

THE TRULY WISE MAN SHOULD H.M.S. Cornwall arrives back from HAVE NO KEEPER OF H018 SECRET NUT | Masila to-day.

***

Rates are slightly easier at 1000MSELF-Guizot. a.m., but the undertone is firm.

The market was dead at 11.45 a.m, and devoid of any particular feature.

Trading was absolutely at a standstill at the close of the morn- ing session. The undertone of the market was slightly easier. United Press.

U.S. FARM PRODUCTION

Washington, Mar. 17.

23, a knitting, factory worker. Detective Sub-Inspector Poyntz who At the meeting of the Rotary Club prosecuted stated that the quilt was to-morrow, Mr. M. J. B. Montargis valued at $7. will speak on "A Five-Weeks' Trip

***

in French Indo-China and Yunnan, Gun practice with liye ammunition will be carried out from the battery A plumber, Wan Kam, of 97 Thempat Mount Davis, in the direction of Kon Hond, was sent to the Govern the West Lamma Channel, on Friday, ment Civil Hospital yesterday for March 22, between the hours of 2 treatment after he had been bitten p.m. and 6 pm,

on the high by n dog belonging to Mr.

II. A. Taylor, of No. 550 The Peak.

Evening's Broadcast From The Germann Short-Wavers

Special programmes for Var Eliters Dateners will be broadcast frum Zeesen follows:

BOUTH ASIA ZONE

ANIM

Gouth

Zoti tundent from DID, 10.76 metres) and D3N (51.45 metres).

4.40 p.m., JH, DIN Announcement (Germ.. Engl.) German Palk Song. Pro Eramine-Forecast. (German, Ear

Jal).

p.m. For the Young Pulk: Poema and

Hangs of Work.

New in English.

The State Department is par-1 ticularly Interested in the Russo- German and

$.10 p.m. Russo-Japanese de- [velopments.—United Press.

GERMANY'S ONLY AIM IS PEACE, SAYS

HITLER

(Continued from Page 1.)

Defence, speak in memory of Ger- many's War dend.

The Ambassadors of Great Bri- tain, France and Italy were con- spicuously absent, but the Ameri-

can Ambassador, and the South and the British Air and Military African and Austrian Ministers,

Seen in a side lane, as he was going away with a cotton quilt that he had The Portuguese sloop Goncalves 24, unemployed, was brought before

stolen on Saturday, Chan Yee, aged Attaches were present. arrived in the Colony from Mr. Grantham

The Secretary of Agriculture, Zurco Mr., Henry Wallace lo-day declared Macao to-day, Entering the Magistracy this morning, and was that a new

at the Kowloon with average weather, the labour, tantamount to self-destruction. Ger- United States agricultural producuns, which Blackhead Fort ans The complainant was Au Sin

aged

WAR'S MENACE General von Blontberg declared World War would be

many wanted pence, giving her Arrested in Queen's Rond Central, ¿qual rights and equal safety, Li Hung, 22, unemployed, was sent with 160 Hongkong po-pin lottery peoples.

hear the function of Possession Street, and these same rights for ull

tion for 1935 will be within fifteen Hongkong for about four days. per cent of that in 1929, while non- agricultural production will not be within 33 per cent

wered. The sloop rill remain in

He therefore attacked industry for "plowing millions of workers out on to the streets.".

FOG OR MIST

:

Wynne-Jones in the Central Police fined $50, or six weeks hard labour, proceeded to the to prison for one month by Mr. tickets, L! Wat, aged 02, a coolie, was After his address, the assembly Court this morning for. stealing a by Mr. Wynne-Jones in the Central the old Castle of Bertin, where square outside glass jar containing preserved lemon Magistracy this morning, Inspector massed bands played Deutschland from No. 275 Queen's Road Central Smith said defendant was arrested on Uber Alles Inspector A. W. Smith stated that the information and the tickets

and the Reichswehr defendant was arrested carrying the found in an inside pocket...

were standard bearers goose-stepped far.

past the official stand.

Arrested as he was going into

Herr Hitler and General Georing

The anticyclone is passing into the Pacific to the south-east of

Π Two months' hard labour was hass-lane at Nanklog Street at 1.30 a.m. decorated seventy standards with| Japan. A depression is moving ed on Cheung Lam-klu, aged 82, un- on Friday, Kwok Chi-cheung, aged the Nazi Cross of Honour, while a eastward across the northern part employed, when he appeared before 20, unemployed, was found to have battery of field guns boomed a of the Eastern Sea. An area of Mr. Grantham at the. Kowloon possession of a acrow-driver, an salute of twenty-four rounds... low, preanure covers N.E. China Magistracy this morning, and pleaded electric torch and four keys. When and S.W. Manchuria. Local fore guilty to the possession of 23 counter- he was brought before Mr. Grantham to Finally the assembly marched coat: Enst winds, light

felt ton-cent pieces. Detective-Sub- at the Kowloon Magistracy this

the tomb of the Unknown moderate; generally overcast with dant was arrested in Yu Chau Street he was going to steal, and was son

Inspector Poyntz stated that defen- morning, the defendant admitted that Soldier and placed upon it an im fog or mist,

menas taurel wreath. Reuter yesterday on information received. tenced to three weeks' hard inbour. Special.

to

6.40 p.m. "Lyalstrafa."

6.60 p.m. News in Germa

1 p.m. Concert of Light Music,

& p.m. Newa in Englia.

8.15 pm. Close down DJB, DAN (Germ..

Engl.)

.

EAST ABIA ZONE

East Asia Zone broadcast through DJA on t1.38 metres, and DJN (31,45 metres),

P. DJA. DIN Announcement (Germ..

Enak) German Folk Song, Pr gramme Yereant_{Germ. Engl), 1.1 p.m. Young Falka Programmed

Songs of Work. 1.45 p.m. News in Engilah on DIA and

in Datch on DIN.

10 p.m. "yulutsuta.“ 11.15 p.. News In German on DJA and

DJN.

11.30 p.m. Alt In the Glowming.

12 m. 1 was readingr Lo-dar ал fild

Book. 13,14

News in English on DIA and In Dutch es DIN.

(Continued on Page 4.)

baby's COLDS

checked without "dosing"

rub on

„OVER-IT MILLION JARS USED YEARLY,

Mackintosh's

PIANOS-

New Sports Shirts

Style as illustration ia white and various colours

Fine Knit Cotton From $3.00

Aertex Cellular From $550 Artificial Slik From $0.50 Less 10% cash 'discount.

FOR SALE OR HIRE

TUNING, REPAIRING, REGULATING.

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Ice House Street.

FILM

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Ask for and sue that you get Kodak Verichrome Film. It gets the picture where ordinary films fall, Comos only in the yellow 'box with checkered stripes.

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