1935-03-27 — Page 18

WEDNESDAY, MARCH 27, 1985.

THE HONGKONG TELEGRAPH.

BIG LOAN

SILVER PRICES

FLANDIN

REFUSES

INQUIRY

TO CHINA DISCUSSED

RISE AGAIN

RADIO BROADCAST

BRITAIN MAY LEND AMERICA PURCHASE ARMS MANUFACTURE A Violin Recital From

ASSISTANCE

MINISTER'S

ACTIVITY

(Spacia) to "Telegraph"}

Nanking, March 27,

The British Minister to China, Sir Alexander Cadogan; to-day said that he is expecting Dr. H. H. Kung, the Finance Minister, to present him with concrete proposals for a plan of financial assistance shortly.

Other Legations here are less Interested and less optimistic in the matter.-United Press.

BRITISH LOAN PROSPECT

Nunking, March 26. Sir Alexander Cadogan, British Minister to Chinn, had a series of engagements at the capital to-day, including au Interview with Dr. H. H. Kung, the Finance Minister, who returned here from Shanghai this morning.

PLAN CAUSE

FEW SELLERS OFFERING:

H.K. DOLLAR ADVANCE

(By Telegraph. Copyright, Telegraphic Messages Ordinance, 1804. Received, March 27, 10 a.m.)

London, March 26.- -

WON'T BE PROBED

CLOSING DOORS ON EXPORTS

Paris, March 23. The Chamber of Deputies to- day passed a vote of confidence in the Government, by 374 to 210 votes, on the motion of the Socialist Deputy M. Camille Planche, demanding that a Com- mittee of Inquiry into the manu-

mediately.

The penny rise in London silver prices was again facture of arms be appointed im- attributed to Bombay buying.

The demand was apparently due to the announce- ment made by the United States Secretary of the Treasury, Mr. Henry Morgenthau, who said last week that the United States were willing to utilise gold for the purchase of silver.

This announcement is apparently construed as foreshadowing heavier silver purchases by the United States.

Well informed circles in London, however, consider this view to be exaggerated, but they are nevertheless refraining from selling.

Minister, opposing this motion, M. Pierre Flandin, the Primo declared:

"I refuse to agree that the organisation of the national de should be discussed at present." fence of France and hor Allies |

The Council of Ministere had previously approved a decree pro- of certain raw materiale required visionally prohibiting tho export for national defence in the event

of war.

After the Interview with tho British Minister, Dr. Kung ad- mitted to pressmen that the pro- posed sterling loan from Britain was under discussion, but he re-prices, due to the limited supplies.

Hence the sharp advancer innxiety in industrial circles at the fused to reveal actual progress made in the discussions, which, he said, were still too premature for publicity-Central News,

$100,000,000 IN BONDS

factor, local purchases are being In addition, but only na a minor made with a view to speculative activity commencing when the London metal market trading com mences on May 1-United Press,

CONTINUED BUYING

Shanghal; March 20.. Although the Minister of Finance, Dr. H. H. Kung and the President of the Legislative Yuan, Mr. Sun

New York, March 26. Fo. have been reported to have The Wall Street Journal, report- reached a virtual agreement on the ing on market conditions, states queation of the $100,000,000 Lund that tradera concentrated their laЯue, n slight delay in the interest on the strength of silver, Legislative Yunn's action on the due to continaed United States buy matter la anticipated.

ing, plus the growing belief that

milking silver worth $2.19 per. ounce. This plan, however, was, damaged by the House of Represen tatives rejecting the Themas amendment to the Work

Relief Bill--Swan, Cullertany and Fritz.

This is due to the probable post-Congressional silserites will force at ponement of Friday's scheduled the devaluation of the silver dollar, Hession of the Yuan beenuse of the national holiday on that date.

It is thought possible that the members of the Legislative Yuan will assemble on Thursday or on Saturday morning, in order to approve the bond issue upon which Mr. Sun Fo has given his us Burance that swift action will be taken.-United Press.

+

SIR WM. PEEL FUND

The S. C. M. Post and the Hongkong Telegraph have received the

following further donation to the Sir William Pect Fund for the Protection of Children: Mr. and Mrs. A. P. **

Pereira

"

$10.00

CHİSENSACTIONSOULNE

RAW RUBBER PRICES

LATEST SINGAPORE

QUOTATIONS

This step is belloved due to the recent large purchases of these defence material in France by German buyers-Reuter.

Pacific Air Service

U.S. GOVERNMENT TO AID ENTERPRISE

The Studio

VARIETY CONCERT

From ZBW on a wavelength of 355 metres (845 kilocycles):

4-7 p.m. Chinese Programme. 6-6.16 p.m. Childrens? Studio Con- cert.

7-11 p.m. European Programme. 7-7.17 p.m. Peer Gynt Suite, No. 2 (Grieg, Op. 55),

New Queen's Hall Light Orchestra. colm McEachern (Bass),

7.17.7.30 pm. Four Songs by Mal-

1.I'm-a Roger (Mendelssohn). 2. Chu Chin Chow-The

Cobbler's Song" (Norton). 3. Gentlemen, Good-Night

(Lockton). 4. In Praise of Alo (Cedrla

Sharpe). 220-8 p.m. Variety Items, Ellalino Terriss and Seymour Hicks

Medley. Instrumental--Shine: My Sweatlo went away; Sweet Jenny Lee. Instrumental Farewell Blues; You

rascal you; Muddy Waters.

Harry Roy and his Tigar- Rogomuns. Orchestra-Medley of Cole Porter

It

Orchestra-Night and Day (“Tho

Gay Divorce), Humorous The Loch Ness Monster

(John Tilley).

Report,

John Tilley (This record kindly loaned by n istener). 8 p.m. Local Time and Weather

8.03-8.25 p.m. From the Studio. A Violin Recital by Mian Maud Ezeklet accompanied by Mrs. G. W. Griggs.

Programme.

1. Sonnta in G Minor Handel. 2. Rondino.. Beethoven-Kreisler. 3. Canzonetta Sammatini ..Corti. 4. Remembrance. Albert SamMONA. Berceuse Faure. From the Cancbrake, Gardiner, 8.25.8.48 p.m. The New Mayfair Orchestra.

B.

Selection-Casanova (Strauss). One Hour with you-Medley

(Stenus).

Mother of Pearl-Selection

(0. Strauss).

8.48-9 p.m. Moonlight Sonata (Beethoven, Op. 27, No. 2).

(Special to "Telegraph")

Washington, March 26. The Senate to-day passed the

Harold Bauet (Pianoforte). Treasury's Post Office Supply Bill,

9.9.13 p.m. The Virtuoso String with the McAdoo authorising the expenditure Gavotte ("Migaon") (Thomas), Amendment, Quartet,

Orientale (Glazounot), U.S.$2,000,000 to encourage the Tambourin (Gessee, arr. Sharpe). establishment of an aerial acrylce, Molly on the Shore (Grainger). across the Pacific Ocean, to Manila, of the Far East... China und, eventually, other parts

SILVER AMENDMENT

Washington, March 26. The House of Representatives | PROVINCIAL BACKING to-day defeated an attempt to force reerived the following Straits cur- Messrs. Benjantin and Potta have Tainan, March 27. the retention of the Thomas In view of the fact that con- Silver Amendment to the Work Singapore to-day for raw rubber:-

rency, quotations (buyers) from It is beloved that the Pan- tinued trade depression in Shang-Hellef Bill. hai would deal n fatal blow to the It was voted that the measure economic life of China, the Shin- should now be sent to the Senate tung Provincial Government is for conference. It seems to be prepared to contribute toward a generally expected that this con- general relief scheme in the form ference will eliminate the amend of issuing a series of loan boudsment.-United Press.

to the amount of $15,000,000, to

bo secured on cotton, cont and

ground nut productions in Shan-

tung Province. the proceeds of

HIGHEST SINCE 1928

London, Mar. 26. Firm conditions prevailed in which are to bu devoted to stimu-the-Stock Markets--to-day-the lating the money market. These sharp rises in silver and rubber. loan bonds are to be redeemed accompanied also by a further ad- after the lapse of six months-vance in base metals, encouraging| Central NewÄ.

S'hai Silver Stocks

IMPORTS. FROM HONGKONG

++

(Special to "Telegraph")

Shanghai, March 27. Silver stocks in Shanghai for the week ended March 21 are -estimated at 116,040,000 ounces

and $288,670,000 in coins,

confidence.

Apr/June Spot..... July/Sept Oct/Dec

Market-Firmer.

10% up 2% 2016

up # 2141

up 21⁄4 2216 Up 21⁄44

et. American Airways, which are al- trendy experimenting with gigan- et.lic commercial aeroplanes designed ct. for the trans-Pacifle service, will be.

assisted considerably by the Gov- ernment in this enterprise.-United Press,

Sellers held back at first but buyers withdrew after the official fixing. prices weakening, with business re- ported at 7/16ths under the rate.

INDIA AND SILVER

Washington, Mar. 27. Sonator Elmer Thomas of Okla- homa said that an fadian corres. Silver, at 28.7/8 for spot and 29 pondent had informed him that n forward, touched the highest point collapse of the existing rupee-pound since May, 1928, and the price of ratio, thus causing India to enter rubber increased 3/4d. to Gd. per the silver market, was likely if the pound. Shares were marked up world silver price rose much fur- following to day's announcement her, of the International Rubber Re- rulation Committee. The export quota from the next three months la reduced to 70 per cent, and to G6 per cent. for the remainder of the year.

British Government stocks

because the rupee's silver content This, the correspondent said, was would theu exceed its face value. expected to buy silver in order to He said: "India might then be replenish her supply. Thus we sco it would disturb her relation with increasing silver prices as much as the rupee."--United Press.

LOAN WORKS VOTES

OVER TWO, MILLIONS NEEDED

0.43-0.30 p.m. Concert Wallzes, Siren of the Ball (Lehar), Moonlight on the Alster (Fetras). My Hero"The Chocolate Splüler" The Merry Widow (Lehnr),

(0. Strauss).

0.30 p.m. Reuter Press Bulletins,

London i p.m. Stock and Commodity Quotations.

9.35-10.10 p.76. From the Studio.

A Variety Concert

by Margaret King

Audrey Steel, Doreen Ma.

1. Songe;

2.

Programme.

I'll be faithfal

Heaven on Earth....Margaret

King.

-Songs: Needle in a Haystack. June in January...Audrey Steel. 3. Piano Solo:

Pop goes your heart..Doreen Ma.

Sang One Night of Love. Margaret King.

Plane Soles: The Continental....Audrey Steel.

balances, pending the issue of a 5.

Further votes from surplus 4. Song: further Government loan, are to be proposed at to-morrow's meet-16. when the Hon. Colonial Treasurer ing of the Legislative Council,: will move the following resolu- tions:

1. That this Council approves of the sum of $217,067.30 on ac-

A Medley of Fox-Trots. Dorcen Ma. 10.10-11 p.m.

Hongkong Hotei Dance Orchestra.

10.30 p.m. Press Bulletins, Stock and Commodity Quotations.

11 p.m. Close Down.

closed strong, with War Loan 3% Why Britain so strenuously opposes count of Loan Works being met SIR WM. PEEL FUND

per cent. 105, while home raila closed firm and home industrials improved.—British Wireleon.

DOLLAR RISES FARTHING The Hongkong dollar rose a farthing this morning to 2. 0.3/8d.

CHANCES DWINDLING

Washington, March 27. The Silver Bloc's failure to

front surplus balances during the financial year 1934 pending the Issue of a further ioan.

Of this mount the Chinese The market opened at 2a, 0.5/34. muster above 140 votes on banks hold 96,790,000 ounces and and then wenkened in sympathy Thomas Silver Amendment is re-of a further foun

the $250,600,000,

with Shanghai to 28. 04 and 24. Burded as being indicative that

FURTHER DONATIONS FOR THE CHILDREN

2. That this Council approves of the sum of $2,000,000 on account surplus balances during the fin- of Loan Works being met from ancial year 1935 pending the issue Protection of Children acknow The Hongkong Society for the the tone being distinctly the strength of the group is vocation is to be proposed making cer for the Protection of Children:

ledges the following further dona- At the same meeting, a resolutions to the Sir William Peel Fund Father than numerical. 7.5/8d. and then eased off to 18. ment la taken as indicative, that duties.

Also the defeat of the amend-tain variations in the liquors Previously acknowledged $10,385 74d.

there ja scant chance of any ail- Sliver prices rose a penny Inver legislation without the Ad-

Mr. M. H. Lo. London, the advance being chiefly ministration's support, United due to strong speculative buying. Press.

cluded 100,000 ounces from Pei- ping, 800,000 dollars from Hong- kong and 100,000 dollara from Ningin United Press,

The week's allver imports in- opened firm at

BRITISH FINANCE

RETURNS

BUDGET HOPES TO BE REALISED

London, March 26.

Britain is within a few days of

the end of the financial year, and the Exchequer returns for the

18.

DAY BY DAY NEWS IN BRIEF

WICKEDNESS IN A WONDERFULLY A dinner dance will be held at Re- DILIGENT ARCHITECT OF MISERY, pulse Bay Hotel this evening. AND SHAME, ACCOMPANIED WITH TERROR, COMMOTION, REMORSE, AND The second annual dinner of tho ENDLESS PERTURBATION.--Plutarch. Siamese Students' Association in China, Hongkong is postponed to The Hon. Secretary of the St. John Sunday, March 31.

acknowledgez

week ending March 29 have there- Ambulance Brigade foro a special interest,

Ordinary revenue, with one donation by Mr. and Mrs. Fung Ping.Alighieri Association, Hongkong, Eov. with sincere and grateful thanks the Under the auspices of the Dante

WANTED

PHOTO

SO STOLE WOODEN SHOWCASE

A Järge wooden showense Agured na an exhibit at the Kow- loon Magistracy this morning, when Cheung Po-kong, aged 22, unemployed, appeared before Mr.. E. I. Wynne-Jones, and sentenced to six weeks hard labour for larceny..

more week to run, was within six fan of Goe yards of material for Fr. T. F. Ryan, BJ, M., the Editor stealing the showcase, the proper- The defendant was charged with million pounds of the estimate for making clothing for babies and chil- of the Rock, will deliver a lecturo ty of Wan Chak-man, an artist, the year and totalled £700,711,137 Bren in the New Territories.

on "Raphael" (Raffaelle) to-morrow from 6-19 Shanghal Street yester- Income tax so far collected

nt 6.30 pan. In the Jacoboan Room of day.. amounted to £224,470,000 and Lav Poo-fat, 33, a wood carver, the Hongkong Hotel. already exceeds the estimate, appeared before Mir. Thomson at the

On being charged defendant which was £219,600,000, as well charged with assaulting a fellow secured another important line of pic-the picture in the showcase, be- Central Magistracy this morning. Hongkong Amusements, Ltd., hayo pleaded guilty and said he wanted as the total under this heading worker, Pin Cheong, at Tik Ontures for dual release at the Central cause he thought that it was the last year.

Ordinary expenditure up

Terrace, occasioning him actunt bodily and Alhambra Theatres, namely, photo of General Chan Ming-shu. to harm. Detective-Sergeant, D. Fitches Gaumont-British Productions. March 23 was £687,064,888, the stated that it was alleged there was current product from the Gaumont-peared for the prosecution and The Dotective-Sergeant. Kennedy ap- rovised estimate for the years quarrel and complainant struck the British Studios inaugurate a new era stated that the defendant was Including supplementary grants, an axe and hit the complainant on the available for local release is "Ever arrested about 6.40 a.m. yester- defendant, who, in turn, picked up in British pictures. The first of these being 5716,110,000.-British Wire hond with it. The case was remanded groon," starring the incomparable day, while trying to sell the case

to Saturday morning."

Jessie Matthews.

in a marine dealer's shop.

Mr. J. H. Taggart

AT

TAKING

THE

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