THE
HONGKONG TELEGRAPH.
THURSDAY, APRIL 11, 1935.
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York Building.
Chater Road,
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FOR
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IN
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HIRTH.
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ANNOUNCEMENT,
We published an interview with a well-informed Hongkong finan cial man yesterday in which, be| warned Hongkong share-holders against lending their scrip to operators who would use it in "bear raids" upon the local mar ket. He pointed out that by so do- Ing aliare-holders were supplying their worst enemies with ammuni-· Llon; for with the serip in their Fossesalon operators are able to tear down prices to levels which will enable them to buy back again, at a profit, return the scrip, or shares of an equal amount to those originally borrowed, and collect their cash accurity. By thle means an artificial depression i could be encouraged, to the de- triment of thousands of Investors. We do not deny the honesty or [value of "bear" trading, but we do must strenuously object to such practices as these. Benr traders unquestionably serve a useful pur- pose, but when the operation re- aults in a loss of millions of sound dollars to investors in stocks, the usefulness becomes an offence. It is absurd that an in- vestment which pays a steady seven and eight per cent, should have been pounded down below the par value of the shares; and that situation exists in Hongkong, That an exposure of what has been going on in lee Houge Street should have been made by, a man well acquainted with conditions there we are convinced every good citizen' will applaud, nå we do.
SPY SCARES
The development of the case
Our King
and
Queen
on their Silver Jubilee
George, nauticat bey Prince.
The wedding of Doris Haze] Wester.
Always it was the sea with the fof Viking ancestors, for his course of their cruise) and lived hout, rider daughter of Mrs. C M. d'Almeida, to Carlos Alfred, son of Mr. and Mrs. M. J. Gaan, the Japanese authorities o
against the steamer Juno, held by two sons of Edward and 'Alexan- mother, Queen Alexandra, was as all sailors live for three years will take plaer.
sus-dra; even before they were old from Denmark, land of the on a cruise of more than 50,000 at the Resury Church, Chatham Road, Kowloon, Ficion that she was engaged in
miles. It had a remarkable During the two years on the effect on the later life of Prince Brittanis Prince George won for George, one day to be known as The pictures above, for in- himself the reputation for high the "Sailor. King."
on 22nd April, 1935, 'ut Mi a.m. Home sort of espionage in Japan's enough to become cadets they Vikings.
and a reception with be held after-"fortified zone", will be watched showed an aptitude and a desire
nt No, 19, Observatory with much intorest everywhere. to become sailors. Villas, Kewlom. No invitations The Juno was under charter to a
wards
are being issued but all friends are cordially invited.
The
Hongkong Telegraph.
THURSDAY, APRIL 11, 1935.
GERMANY'S ATTITUDE
stance,
A mumber of the ship's crew, describing the life on board the
British concern by her Dutch owners and was operating in Far
show Prince George spirits, rendy wit and tremen- East waters when she was over- taken by a typhoon. She ran for(right) as n lad of six attired in dous activity. the nearest shelter, according to sailor's uniform. Note the But his excess vigor was al- Bacchante, says: "I have seen
the despatch from Tokyo, which
happened to be in a bay of the twinkling look of mischief in his ways held in check by the staid King George mixed up in a heap Pescadores Islands, and because
he sobriety of his brother. Differ-of marines, stokers, and blue
this shelter happened to be within eye. He looks us though that jealously guarded "fortified would dearly love to play some ent in temperament, the two jackets, who had stumbled over pected of engaging in espionage and escorted, by a destroyer, to a
zone," she was immediately prank on the photographer. brothers nevertheless maintain- each other in the gangway, en-
When
Prince George
was ed a deep attraction for each joying it just as much as those place where the case will be im twelve, he and his brother, other all during the short life of who were down with them and Anxious as she has shown vestigated. What possible secrets
pulling himself free with all his she may have discovered, what Prince Albert Victor, then heir Prince Albert Victor. herself to be to meet any reason-highly valuable information may to the throne, became naval The photograph at left, above, might." able demands put forward by have been obtained while the
typhoon raged along the coast, cadets on the Britannia atahowa Prince George at the age Admiral Sir Charles Scott was Germany,.. it would Reem
we are not prepared to gucas. at Spithead. There they were ac-lof 15 as a young midshipman the captain of the Bacchante from Mr. Baldwin's latest speech it would seem likely that the atten-
tlon of the master and the crew corded the same treatment as aboard the Bacchante, to which throughout, the cruise, and-the- that Britain is almost beginning of this oil tanker wa engaged for the other cadets. to lose patience with Hitler's at- the greater part of the time in the perils which beset the ship. We titude on the European situation. It is clear, also, reading between
ship he was transferred after his first officer was Admiral Sir Assheton Curzon Howe. To the Prince George loved it-per- apprenticeship aboard the Brit- are not suggesting that Japan has haps even more
latter it is said the Princes owed than Prince tania. The brothers left on £1 no right to restrict the passages of
a great deal of the seaman's
the lines of Sir John Simon's foreign shipping in areas where Albert Victor. In the veins of long voyage on the Bacchante in knowledge they gained at this
there is no good reason to dispute secret fortifications mny exist; the future king flowed the blood 1879 (visiting Hongkong in the time. such regulations as are conceived to safeguard the secrets of Japan's
utterance in Parliament, that the British Government is dis- appointed over the outcome of the recent Angio-German talks defence works. But it does seem a trifle unjust that a master must im- in Berlin. Whilst there is no peril his ship and the lives of those Įdesire on the part of the war-nboard simply to avoid entering a time Allies, to keep Germany in shelter in the neighbourhood of ahore batteries or an anti-aircraft subjection, the point cannot be observation post. It would seem completely ignored that she was that a broad view might be taken the loser in the Great War. But of such as instance as this last, there is nothing in the present-particularly if, in the confusion of the storm, the Juno's master day outlook of the Berlin Gov-was forced to choose, almost ernment which would suggest literally, between the devil and the that that was the case; indeed, deep, deop sen.
it is not too much to say that
Germany appears at the moment which emerges from the present to be adopting a role of dictating unsettled condition of Europe, it to the rest of Europe. This is that peace-can best be served may be a hard saying, but it is, by means of a general system of Ger-
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She has bluntly disregarded the many fiatly declines to come into military clauses of the Versailles any such scheme, thereby help Treaty, both in regard the ing to perpetuate old rivalries strength of her Army and the and hostilities and forcing, other creation of an Air Force, and, [nations into the bad old system not stopping at this, is now in-of military alliances. The pro- fringing its provisions in the posed Franco-Russian conven- matter of naval construction. tion is an outgrowth of these The development is all the more developments. German
.dia. |regrettable when it is borne in inclination to join hands with mind that the former Allies have other nations in an effort to place For long been disposed to modify' | European, peace on a firm basis the Peace Treaty stipulations in has naturally given rise to Germany's favour, · ‘It is "dif-doubts as to her sincerity and ficult, also, to comprehend Ger- her future,, Intentions. These many's attitude on the question (doubts can best be dispelled by of a collective peace-system Hltier and his colleagues imple- implying mutual assistance, menting their pacific" declara- particularly her disinclination to [tions by demonstrating a willing-
LANE, CRAWFORD, LTD. enter into any such pact with mess to enter a general European
MEN'S WEAR STYLISTS.
TELEPHONE 2815).
Russia. Equally, unfortunate is understanding. In the absenco |her desire to excludo Lithuania of any such indication, Germany. from any non-aggression pacts will only have herself to blame which may be devised. If there if her professions are taken with is one point more than another the proverbial grain of salt..
'A Little Hare at Last":
To Batehlov
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