1935-04-16 — Page 7

་

Sven Hedin's Welcome

GREETED BY LONG LOST COMRADE

ADVENTURE'S END

·BRITAIN'S SOUND FINANCING

(Continued from Page 1)

$106,000,000 of four per cent.' Treasury bonds and £11,000,000 throo per cent. bonds drawn for redemption In the previous Decem- ber. To provide for those matur- Ing, and to give a small margin for reduction of the floating debt, raised in April £150,000,000 by issue of three per cent, funding loan, and in December took advan- tage of continued chomp money to give notice to draw for redemption une-half, namely £44,000,000 of the Stockholm, April 15. -

remaining. three per cent. The home-coming to-dny of the

Treneury Bonds. Sloco then, famous explarer, Dr. Sven Hedin,£34,000,000 and already been pur was marked by a dramatic meet chased out of Sinking Fund ing of the seventy-year-old mil venturer and a former member of money, no that the redemption of one of his previous expeditans, the remainder, which took place Amboldt, who was believed to today, would be carried out with

out any disturbance of the market.

(Special to "Telegraph")

have been lost and was given up for dend.

THE HONGKONG TELEGRAPH.

MR. W. H. BELL NOMINATED

·TO SUCCEED MR. GORDON

MACKIE IN COUNCIL

Mr. W. II. Bell was yesterday norminated by the Hongkong Getieral Chamber of Commerce as its representative on the Lexisin Live Council in succession to Mr. C. Gordon Mackie, who left the Colony, on retirement a few days ago.

The Secretary, Mr. M. F. Key, after reading the notice convening, the niceting, announced that only one nomination for the vacancy had been received: Mr. W: II. Dell had been proposed by Mosara, Dodwell & Co., Ltd., and seconded by the Union Insurance Society of Canton, Ltd.

The Vice-Chairman (Mr. S. 11.

Dodwell) who presided,, said:

Gentlemen. In proposing the The net effect of these transae-election of Mr. Dell as our repre- Dr. Hedin, who has, just com- tlons had been a reduction in the sentative on the Legislative Coun- pleted 4,000 miles of adventure nominal amount of the National eit it is a relief to me, as I have no while Journeying into Chinese Debt by £21,750,000, and of annual doubt it in to Mr. Bell, that in the Turkestan to explore a, transport interest charges by £1,660,000. absence of any other candidate it route on behalf of the Chinese The Exelange Equalisation Ac-s unnecessary for me to extol t Government, Innt

parted with count again showed a profit. 10 length his many virtues which are. Amboldt in Central Asia. Mterview of all circumstances, and if already so well known, to most of their parting, Amboldt was re- Interest rates on Treasury Bills us. ported missing and later deat. remained at anything like the pre- To-day. Amboldt was among sent, he felt justified in putting the first to join in congratulating the debt charges at last year's his old friend and chief, who is figures

£221,000,000 That being feted this evening in honour ought to leave something available of his birthday which was for

debt redemption, but ba celebrated in his absence last thought it advisable again to ask week. Ateuter Special.

for power to borrow for purposes of the Sinking Fund.

ww

THE SALVATION ARMY

SUBSCRIPTIONS TO HOME FOB WOMEN AND GIRLS

Messra. Dodwoll & Co., Mr. S. II. Dodwell ...

B

The Asiatic Petroleum

Co. (South China) Ltd..

25

Mr. E. J. I. Mitcholl ..

26

20

20

Swedish Chinese Export

& Import Co., Ltd....

20

Messrs. Linatend & Davla

20

Mr. R. L. Stewart

16

Mr. H. C. B. Way

10

10

China Export Import &

10

Mr. D. R. Ryde

ARRA 88298 9

services.

of

venite on taxation ht

£736,680,000,

This

would leave a prospective surplus of £5,010,000.

NEW PROPOSALS

He has a long and honourable record in the Colony. Twice he I served as Vice Chairman of this Chamber, once before as Chairman, while this year your committee have elected him to suc alrendy served three times on the eeed Mr. Mackie. He has also

Legislative Council, once represent- ing the Justices of the Peace during Sir Henry Pollock's absence,

+

to

TUESDAY, APRIL 16, 1935.

LONDON STOCK:

· EXCHANGE

LATEST SHARE

QUOTATIONS

the

The following quotatlong on London Stock Exchange have been received by Messrs. Swan, Calbertson and Fritz in conjunction with Reuter.

Agr. 12. Apr. 16, British Government Securities War Loan

redm.' after 1962 £100% £107.

Chinese Bonds 44 Donds 1898-

4

5

54

(Eng, Tex.)... £10

£101

Loan 1908 EDT

07

Loan 1812. £ 86%

H

Rear Loan

1913 (in. Inn.) £ 96

054

Bonds 1026-17 I US

£ 05

Shai-Nanking

Ily

£ 4216

£8254

Tient.-Pukew.

Rly. £.80

£ 30

Tient-Pukow

Rallway (Sapl.

Loan)

F 26

£ 26

5

Sai-'chow-

Ningpo Rly... £100

£1001%

5

Honan ly £30

£ 30%

1911

5

king Rly. Lang Tring U. Hai Rly: 1913 £ 10%

Foreign Bonds and Banks German 7 Int.

£ 45

£ 154

£ 164

£ 67% xd

Lon 1824 2... £ 604 Japan 5 Sterling

Loan 1907. £ 7914 £79% Japan: Sterling

Jon PP.. 212 B.K. & Shai Bk.

£124 (Tal. Regd.) chartered Bank &

sh

.. £ 14% £ 14% Commercial and Industrial

Allied Iron Pound-

Associated Filee. Industries..... Austin Motors ord.

sh. British-American Roots 5-h. ....

Toburev..

Canadian Celanese Chinese Eni tal

Min. (Bearer). Courtaidda

stillers Electric

....

lop Rubber,

Musical Industries... General Electric

(England) Impi, Chem. Ind. pl. Chem. Ind. fef 10/sh.... Impl. Tobacco Internal, Nickel

Rolls Royce

no par val

SM.

B.

£123

RADIO BROADCAST

A Relay from Majestic Ballroom

JAZZ RECITAL

From 20W on a wavelength of 355 metres (845 kilocycles):

4-7 p.m. Chineso Programine, 7-11 pm. European Programme, 7 p.m. Cloning Local Stock Quota- tions.

7.03-7.30

Band Selections

from Operas

Jan.

Prince Igor (Borodin)--Ballet' Dances Nos. 1, 2, 3 and 4. Alda Introduction and Moorish

Ballet (Verd!).

Alda-Grand March and Finalo

(Verdi).

Faust-Selecion (Gounod).

7.30-8 p.m. From the Studio.

"The Continental Trio." Programme.

1. Dinah.

2. Juno in January.

3. Plano Sola,

4. Blue Feeling.

5. With Every breath I take,

6. Piano Solo.

Stay sweet na you are.

8. Sweet Sue,

8. Local Time and Weather Report.

8.03-8,30 p.m.

Vocal Items.

Nippy-A Couple of fina oll Schools, Glifford Mollison and Arthur Riscoe. Nippy-While We're in love.

Arthur Rincoe and Belty Shale,, Gricie Fields--Medley.

Hutch Medley. ATAT

Leslip Hutchinson at the Piano.. The Old School Tie.

Gracie Fields (Comedienno)..

20/- 20) ---

The Western Brothers. 8.20-8.65 p.m. Symphony No. 4 (Italian) in A Major

(Mendelsohn).

Sir Hamilton Harty and the Haile Orchestra.

8.55-9.10 p.m. A Pianoforte Recital

1. Wedding Day (Geter).

4673 48/6

46/9

49/..

11276

113/9

77/6

77/6

1676

17-

by Arthur de Greef.

Bay

GL/E

9079.

927-

ARAD

40/3

27/0

28/14%

497-

-10 fam

35/1

30/17

1.

Sunkist Hawaii,

Litin L

3. PANORU Waliz

4.

8/7 .135-

71: א

136/1024

$ 2616 $ 271

112/6 113/9

47/6

4776

100/6

10176

55/6

567%

26/75%

2773

08/0

104/6 105/-

00/-

22/0 02/0

21/716 21/6

20/6

176 2970

20/0

176 20/9

THE DEFENCE FORCES Turning to the Estimates, Mr. once representing this Chamber Chamberlain said those for supply during the absence of Mr. Mackie, services accounted for the very and one on the nomination of His formidable figure of 1494,305,3nd, Excellency. In every way I rc- The Offeer in charge of theetency in the Army and Navy the appointment.

and included £10,000,000 extra forgard him as eminently suitable for Salvation Army's Home for Women and for in increase in the strength and Girls gratefully acknowledges of the Air Force and an additional length at the period during which I shut not enlarge apon the the following contributions receiv£14,500,000 for civil and Bocini ed in response to the annual ap-

he has been identified with this peal for funds.

Colony and the Far East. Suffice Contributions may be sent to Ad-

The total ordinary expenditure, it is to any that it is long enough jetunt Dorothy Brazier, 2, Em- including £295,580,000 for consulto have invested him with a wide bankment Hd., Kowlton, to thisidated fund services, was £720knowledge of, and experience in office, or be handed to the Salvation 970,000, and he proceeded to indi- the many problems peculiar to this Army's official collectors.

ente measures whereby he part of the world. Whether that Previously acknowledged $1,825.20 proposed

finance this knowledge and experience will en The China Light &

enormous outlay, lis estimated uble him to solve the problems with Power •Co., (1918)

the yield from. Incono 4x which we are confronted to-day I Ltd.,

at

£237,000,000,

to £14- should not like to promise. Many |000,000 more than in 1974, surtax of them are not of our own making, 5'hai Elec, Constr. £1,500,000, death duties £80,000 Indeed the Colony at the moment Tate & Lyle .......... 000. stamp duties £25,000,000,

is rather like a shuttlecock, knock-Turner & Newall Customs and Excise £296,000,000, ed hither and thither by the action United Steel and minor items £13,580,000.

of various interests in various

Watney, Combe &'

Reid def ord. Altogether, he estimated the re-parts of the world who are making Woolworths

0/- Various the existing basis of

experiments to extricato themselves from the present

Miscelaneou Anglo-Dutch economle morass, with little or no consideration for the effect of Charted. 15/- sh. their experiments on us. Some of

(Bearer)... those experimente in my humble

Gula Kalumpong

Rubber judgment are bound to fail; Pekin Synd 27- In view of the enormous fiscal others we may have to adjust our- ord. sh. advantage which Accrued

selves.

Rubber Truale.. Diesel-engined motor wagons, he In the process we may not bo Southern Railway proposed to raise the duty on able to escape a period of even

(Deferred) 20% 4 heavy oil used by rond vehicles greater hardship and bad trade

Minus from one td, to 8d. per gallon. thun we are suffering at present,

Burma Corpn. Rs. -Road-vehicle duties produced but if we set our teeth and face Chosen Corpn... £800,000 more last year Thun in the situation in the right spirit, Crown Mines.... the year before, and he proposed there is little doubt but that weRandfontein to transfer 24,470,000 from the shall eventually emerge safely Estates Road Fund 10 the Exchequer. (from our difficulties as we have be. Spring Mines $2,100.20 This raised the surplus available Core. Whatever the future has in Sub-Nigel

to £11,825,000.

store for us, this much is certain:

Rhokan Corpora.

tion -de morsed, firstly, to allocate. Bell's terms-of-office-will-cover

£2,700,000 to the relief of Enter a period as momentous as any in Anglo-Persion tainmat Tax by remissions of the the history of the Colony, calling Bra Oil. Lax on cheaper seats, to make al-For the closest co-operation be- Shell Trans and

conununity terations in Income Tax allow.tween the commercial ances that would give relief and the Government. Mr. Bell's income tax payera at the bottom will have no easy role to fit. It is responsibility will be grent, Ile pro- of the scale. At present, the first because I am convinced that by mised Ensler revellers at the £175 of taxable income was chat reason of Peninsula and Hongkong Hotels ed at one-half the standard raceability, he will it courageously. his personality and on Saturday night when entirely He proposed that the first £135 with distinction and understanding new double attractions will open taxable income should how be that I ask you to elect him to-day". local seasons.

charged at one-third of the tax-out Applause). The Management of the Hong-able ate, and over £15 at the full kong and Península Hotels

Mr. A. W. Hughes (on behalf of rate of 18. 6. The personal the Union Insurance Society of nounce that these new players-allowance of the married taxpayer Canton, Ltd.,) said he had much five in uber-have several num-would be raised from £150 bera that will be revelations in 170. The present allowance

pleasure in seconding the motion. store for local dance-goers. For £10 for each child after the first on, which was carried unanimous- The Chairman then put the mu- ther announcements will be made would be raised to £50, in due orse.

Bank Co., Ltd......

Chien Hsin Engineering

Co., Ltd.,..

Mr. 3. W. Alabaster

Mr. J. Bentley

Alr. I. Tod

Mr. G. L-Newbigging

Mr. S. C. Wilcox

Mr. G. M. Dyvanck Mrs. Maxwell

10

6

0 10 10 10 10 10 10 10

HOTEL ATTRACTIONS"

NEW PERFORMERS AT EASTER FUNCTION

Entertainment de luxe is

an-

14

Lo

f

Further liability for tax wonld

Peninsula patrons are notified that there will be no dance at thee extinguished in respect of all

iy.

..

ד"רן-g rrrr-1.

2813

·5/2· ---- 1 / 14:

24746

267-

277/6

270/3

57/3

67/-

·105/-

193/9

28276

98/1 PE/P...

Oils

50/-

50/-

767-

70/-

Trad. (Bearer) - 53/9

34/4%

U.S. COMMODITY PRICES

LATEST CABLED

QUOTATIONS

DA

the

New York commodity exchange are

The following quotations

inued by Reuters

.

May July

Mr. Bell's Reply Mr Bell in reply said: mainland rendezvous to-night, nor

incomes, carned or uncarned, un-

1 teel October

December will there be a

very great fanétium at Re-der £125. In a full year, these you have done me a

January (1938) honour indeed in electing me !||*|| || yk ના 1,00,(૫૪), pulse Bay to-morrow night.

March Both the Peninsula and Hong- but in the current year only £1.our representative on the Legisla

Spot Hive Council

honour is att kong Hotels, however, will, helt | 500.000. gala evenings on Easter Saturday.

which would be very lolh to May

EXCHANGE RATES

Paris Geneva

Berlin

Athens Milon...

Shanghai

Amsterdam

Vienna.

Praguo

Bucharest.

Madrid Lisbon...

13

may.

Apr. 10.

Closing 11.48/60

Ariettes To the Spring (Grieg). 3. Feuille D'Album: Papillon

(Grieg).

9.30-0.30 p.ol. From the Studio. Selections by the “Waikiki Trio."

Programme.

Hilo March.

Bright Moonlight.

930-10 pm Talkie Tunes. Orchestra Tappy, I'm Happy

("Caravan").

Orchestra Wine Song ("Caravan"}, Songs-Near and yet so far

("Princess Charming").

↑ Songa-Brave Henris ("Princess

Charming")

Evelyn Layo (Soprano). Fox Trots Song of the Dreamer

("Marie Galante").

Fox Trats-On the good ship lollipop

("Bright Eyes").

Vocal DuetMoon Glow ("Black-

birds of 1984”).

Laylon and Johnstone. Piano Ducts-Goodnight Vierna-

Medley.

Piano Ducts-Sunshine Susie

Medley.

Rale du Costa und Harry Jacobson. 10 p.m. Reuter Press Bulletins. 10.05.11 p.m. A. Relay of the Dance Orchestra from the Majestie Ballroom (by courtesy of Management).

the

10.30 pan. Rugby Mid-day Press

Newa.

.11 p.m.

Close Down.

ZEESEN PROGRAMMES

This Evening's Broadcast From The German Short-Wavers Sperial programmin for Far Exsler Listeners will be brondesat from Zermen 12 follyw

SOUTH ASIA ZONE

Bouth Asia on, broadcast from JU, (19.74 metres) and USN (81.44 metrem ).

4.45 p.p. · 1932, DIN Announcement (Germ

Engl) German Folk Song. Pre Kramme Forecast (German, Engl

p.m. Palk Banten of the Germana on the

Volgs. Sung by the Bulow Group,

6.30 pm. News in English,

5.45 p.m. Glad Easter Customs from All Parts of Germany. Scenes and Hege

4.38 ..

Topic Talk,

6.4 p.m. News in German.

7 p., Concert af Light Hastr.

A. Newn in Kogllah.

8.14 p.m. Clựụng down DIB, DIN (Germ..

Engl)

FAST ASIA ZONE

East Asia Zone bron-Jenet through DJA ak $1,38 metres, and 138 (33.45 metre), *P DẪN. DIJA, DIN Aŭnouncement (Germ,, Engl) German Folk Song. Proi gramme Forecast (Gozni., Engl 9.15 pum. "fajk Bongs of, the Germans an the, Volga, Sung by the Huluw Grup.

9.15 p.m.

New York Cotton

Apr. 14.

11.07

11.76

11.73/74

1141

11,2743

11.10

11.49/49

11.53

11.59

14.05

11.53/53 11.62/03 12.00

10 ..

New York Rubber

11.631,

11.78

11.07/97 12.06/00

11.03

11.00 12.18 12.21

Total sales-607 lots

Chicago Wheat

100% 100

October

New in English on, DJA And In Dutch en DJN.

Light Concert Programme with interperions,

11.5 pam. Kert In German on DIA and

DIN, 11.30 p.m. Sunny Little World. Á Moriske

Radio Sequence,

12.21/21 11.15 am. News in English on DJA and

In Dutch on DIJN.

Engli

12.28/28 12.42/44 12.33 . Close down JA, DIN (Germ.. 12.61/61

A further sum of £5,500,000 in event were it not for the fact that July a full year and of £4,500,000 in the I know I will have the advantage September current year would be accounted of the advice and assistance of December ..... for by restoration to civil servants every member of the General Com January and others of the remainder of the mittee, and indeed that I April 11. April 15. cuts in salaries and allowances obtain the assistance of any mem 70.27/61 78.3/01 nude durlug the crisis. This her of the Chamber when occasion, May .1-1.997

14,98%

12.02 would leave film with a prospective arises. I can only assure you that July

100% 90% 500 surplus of £600,000:-British Wire I shall do my very best under cir- September

100% 1001 100% TH H Hess,

cumstances which I know are going Saturday's sales:—30,781,000 bunshels to be very difficult. I thank you May Chiengo Corn

.12.00

7607

..089%

1/07%

New York

1/7.7/16

1.85%

17.17 .25%

7.19

115.11/16

··177% 96% 110

.28K .1/0.3/10

1/2.1/16 10%

.212

.4.804

*4.87

314

314%

107

Hongkong. .2/1.5/16

Brussels

"Bombay

Yokohama

Montevklen.

Belgrade.

Montreal..

Silver (Spot) ...99.11/10 Silver (forward!).20.13/16 War Loan.100.11/16

BELGIAN BANK

+

26 110%

180 36.16/32 110 2/0% 28.5/16 A Belgian bank will shortly, open -1/6.1/10 in Hongkong for business, and will 1/43/32 have the distinction of boing the first 40 Belgian banking hours with a branch

213 In the Colony.

FIRST TO BE OPENED IN THE COLONY

British Wirelega,

One case of Meningitis was re ported to the local Health authorities -during the woek-end. -

very much, Gentlemen.

This concluded the proceedings.

July

100% 09%

884 88% 88%* 93% 2214 '82 September ... 70% 77% 77% Total sales:-12,995,000 bushels Winnipeg Wheat

Mr. Noel Coward, the well-known stay playwright, and his host, in Hong July kong, Commander T, A. Hussey, R.N., President and members of the Rotary July have accepted the invitation of the May club to attend to-day'a meeting. The September speaker will be Mr. 3. W. Beaton, of Montreal.

understood that a vault is now being

The name of the concorn is tho Banque Belgo Pour L'Etranger, whịch although hitherto without a branch in Hongkong, has branches in Shang- excavated. hai, Tientsin and lankow.

With its head office in Brussels, This institution has chosen the the Banque Dolge Pour L'Etranger, promises recently vacated by Messrs, which is allated to the Societo Arts and Crafts in Des, Vooux Road, Generale de Belgique, has a capital and work is already in hand to pro of Bolg, Fea. 200,000,000 and ́n re- pare the placu` for business. It is serve of Belg, Fes. 180,000,000,

.89% 80% 894

90% 80% DU

New York Silk

1.33 1.37 1.88 1.02 1.07 1.36. 1.31 1.35 1.35

Total sales:-23 loti

Montreal Silver.. May

68.00 July

00.50 September.... 70.85 December..... 71.25b

Total sales-01 Contracts..

New York Metals

Apr. 11. Copper January 7.11 Tin January ****** 49.50 *Possibin mutilation,

$8.45/00 69.00/00 60.80/80

70.75/71

Apr. 15. 27.12

DAVENTRY PROGRAMMES

To-day's Broadcasting From Four Transmissions

The following wave-lengths and frgamencion

(Continued on Pago 5.),

***AN

4 STARS; from Liberty!

Grace Moore

ONE-NIGHT of LOVE

49 FRIDAY at the STAR

NEW

Mackintosh's

DESIGNS

IN

WASHING

TIES

from

made Cotton, Linen and Fancy popiln

LOOK WELL WASH

WELL WEAR WELL The best tle for

Summar woar

From

75 cts. each. Less 10% custr discount.

MEN'S WEAR SPECIALISTS:

Do You

Want

YOUR HOUSE PAINTED

?

?

G DECORATED

NEW CURTAINS

COVERINGS FOR YOUR FURNITURE

EXTRA PIECES OF

NEW FURNITURE

Telephone 24173 and we will submit Ideas & Colour Schemes,

Patterns. Photographs & Drawings for your selection.

ARTS & CRAFTS

HOUSE FURNISHERS

330 SHAUKIWAN RD.

NORTH POINT.

For Furnishings At Factory Prices.

BIG CAR COMFORT AT

SMALL CAR PRICE !

CHEVROLETA

AND ONLY CHEVROLET CAN OFFER YOU SUCH A CAR WITHOUT HAVING TO SACRIFICE QUALITY AND PERFORMANCE.

In spite of its low first cost, you will find in the CHEVROLET STANDARD SIX a big car in every sense of the word.

Such features as 26 H. P. VALVE-IN-HEAD ENGINE, DOWN-DRAFT CARBURETOR, CUSHION-BALANCED ENGINE MOUNTINO, FISHER BODY, AND NO-DRAFT. VENTILATION, ADJUSTABLE SUN VISOR AND THE OCTANE SELECTOR, are only but a few of the outstanding features that make the STANDARD SIX the greatest value ever offered before in the BIG CAR-field.

For demonstrations further particulars apply

FAR EAST MOTORS

Nathan Road, Kowloon,

Telephone 59101.