1935-05-16 — Page 19

SILVER STRONG IN LONDON

THE HONGKONG TELEGRAPH. THURSDAY, MAY

Governor's Farewell

To Council

TO PARCIAMENT.

LARGE SPECULATIVE HONGKONG EXAMPLE

DEMAND

HONGKONG DOLLAR GOES HALFPENNY HIGHER

The strength of silver in London has resulted in a, further advance of a halfpenny in the Hongkong dollar rate and is keeping the Shanghai foreign exchange market very strong. The local rate to-day is 28. 5d.

London reports the market very firm, with renewed buying by Indian Bazaars and speculators and a reluctance on the part of silver holders to part with their stocks. The apprehension of speculators that America might, abandon her silver programme has been largely dispelled and the demand continues.

· The possibility of the inflationary Patman Bill becoming law in America, with Congress over-riding the President's veto, is now stronger.

The Hongkong dollar advanced' a halfpenny on opening this morning, the official rate being 28, Business was done at 2s. 6d. sellera and a Gd, buyer. The market is quite firm at these rates, with buyers Inclined to hold off.

In London, sliver prices rom a halfpenny yesterday. India and Chinn bought, offerings being small, The market was steady.

LONDON SILVER REVIEW

London, May 5. Меники. Samuel Montagu and Company report that following the full on May 9, the market has be come very firm on renewed buying by the Indian Bazuara and specia tors, which caused prices to rise quickly. The advance was helped by reluctance on the part of sellers. The Secretary of the Treasury, Mr. Mogenthau's statement to the effect that an endeavour was being made to restore silver to greater usefulness as a monetary metal, bas reassured speculators, who had feared of some modification in the silver policy.

Keep speculative dentand ensued. A good deal of profit-taking follow- ed the rise, but general speculative demand has continued.-Reuter PROGRAMME CRITICISED

Washington, May 15. Mr. Winthrop Aldrich, Chair- man of the Board of Directors of the Chase National Bank, to-day told the Senate Banking and Currency Committee that the United States silver programme "bad imposed an acute depression

FRENCH SEAMEN STRIKE

NORMANDIE'S CREW WALK ASHORE

10,000 MEN AFFECTED

(Special to "Telegraph")

(Telepmph,

in

owners

were

Meanwhile 320 passengers. of

COLONY'S OUTLOOK

On the eve of his retirement, His Excellency the Governor, Str Willlain Peel. aald good-bye to the Legislative Council at this afternoon's meeting, laying stress on the happy relations which had bers existed. between him

and Addressing the Council, His Excellency said: Gentlemen, This is the last occasion on which

mum.

WAS

LAWRENCE STILL UNCONSCIOUS

Condition Remains Unchanged

A

London, May 15. Lieut.-Colonel T. E. Law- rence, the "uncrowned king of Arabla," remains uncon- scious, suffering from fractured skull and corcus- sion, sustained when he de- liberately wrecked his motor-cycle in attempting to avoid a collision with a boy cyclist.

His condition, it is re- ported, is unchanged. But it is stated that hopes for his ultimate recovery are Improved.Kenter,

Brutal Murder In Peru

I shall have the privilege of pre-EZNİ aiding over this Council and I rise with a feeling of great snd- ness to say good-bye. I do not propose to reveiw the work of the past five years: indeed this dealt with on the occasion of the presentation to me of public ad- dresses two kinys ago. I shall now just express my grateful which I have received in this thanks for the help and advice

D

Chamber. I have been a Member of

number of Councils and have na hesitation In saying that in 110110 of them have found business carried On more expeditiously than it this one. Apart from the an. nual feast of oratory on the oc- Caslon of the Budget, little time in spent on speeches. This by no means implies a want of interest on the one hand or a tendency to "gay" members on the other, but affords evidence of a practical business-like spirit the object of

which is to avoid waste of time.

unnecessary

EXAMPLE TO PARLIAMENT Viscount Showden in his recent autobiography makes a scathing comment on the waste of time in the House of Commons more es- pecially over bills. He remarked that there is often an enormous amount of discussion on these in principle, or which leads to little or no change detail. In this respect, this Council might well er an example to the Mother of Parliamenta.

of

·

WIFE ATTEMPTS TO SAVE HUSBAND

BOTH SLAIN BY GUNMAN

Lima, May 15.

A sensational shooting outrage occurred. In brond daylight here to-day in one of the city's must fashionable squares when gunman shot and killed Senor Mero Queneda, wealthy proprietor and editor of the newspaper El Commercio, and bis wife.

Senora Queseda, with splendid courage, threw herself in front of her husband when the assassin opened fire and received in her body the first several bullets. Fallings she still clung to Senor Queseda, attempting to shield him."

The murderer, however, care- fully aimed and fired again, mort- ally wounding Senor Queseda. The gunman fired five shots at his vic- tims altogether and then turned the gan upon himself. Its wound is serious.-Reuter,

16, 1935:

RADIO BROADCAST

Relay of Legislative Council Meeting

CONTINENTAL TRIO

From Z.B.W. on a wavelength of 356 metres (845 kilocycles).

2.10 p.m. (Approx) Relay of the proceedings at the special meeting of the Colony's Legislativo Council on the eve of the departure of His Ex- cellency Sir William Peel, Governor of Hongkong."

3 p.m. (Approx) Close Down, 5.6 p.m. Hongkong Hotel Dance Orchestra.

6-6.30 p.m. Children's Studio con- cert.

6.30-7 p.m. Hengkong Hotei Dance Orchestra.

7 p.m. Stock Quotations, 7.03-7-30 p.m. Light Orchestral Music.

Delibes in Vienna (arr, Walter). Blue Eyes Russina Impression

(Perraris),

Fantasin on Melodies of Johann

Strauss (Weber),

Love Tales (arr. Henry Hall).

7.30-8. p.m. From the Studio. Selections by "The Continental Trin."

Programme

1. If I had a million Dollars; Black und Plus; 3, Then I'll be tired of you; 4, Two cigarettes in the dark; 6. Wildent; 9, Just awearin' for you; 7, Have a little dream on ure; B, Your head on my shoulder.

8 p.m. Tiare & Weather Report: 8.03-10.38

p.m. Chinese Studio Concert.

Z.E.K. PROGRAMME 8,30-10 p.m. European recorded 640 kilocycles.. music from Z.E.K. on a frequency of

fint minor for Piano and Orchestra 8.30-9.04 p.m. Concerto No 1 in B (Tschaikovsky) played by Sofumo and The Hulle Orchestra.

9.01-9.13 p.m. "Derek Oldham Med- ley" sung by Derek Oldham (Tenor). Band.

9.13-9.30. p.m. Debroy Somers.

Ballads we Love-Selection (arr. De The Open Road-A Hiking Medley

broy Somers),

(arr. Debroy Sarsers). 9.30-10 p.m. Dance Musle. 10 p.m. Press Bulletins,

INDIA'S REFORM RUSHED

CONTENTIOUS BILL IN COMMONS

PASSAGE SPEEDED

London, May 15. of the Government is a strong as

Parliament has created a record achieved without anything which it is and that this has been thirty Parliamentary days, of the by the completion, Inst night, in

on China and aeriously affected the Champlain have been forced cour and Billèrnesa in the Councit might be called excessive in the commilice stage of the huge India

Mexico and that the result on our own currency seems unimportant." Also Mr. Aldrich said that the higher price had not resulted in any detectable increase in the general price love-United Press. SHANGHAI MARKET

to find hotel accomodation here. Reuter Special

THANKS EXPRESSED

Clauses

the

Ordinnune, 1411. Kraeived; May Copyright. Telegraphie sam

Le Havre, May 15. huge.

The crew of 1,200 meu of the walked off the ship to-day as

new liner, Normandie, a'

It is a great advantage to have protest

the alleged official representation on the failure of the

of the Executive Council as this enables survey and other causes. However, French Line to agree to certain Governor to avoid pitfalls and

I am fortunate in working conditions

only having which

discuss possible points men claim were promised to them. fore the Legislative

the to

had that one disappointment.. difference before placing hills be

I thank the unstitcials for their The atrikers

joined by

Council. I ready support of financial meas 500 men of the liner Champlain, have the greatest admiration for are placed before them and for. which was due to sail for America shown their desire to avoid stress.necessary funds for which

the way in which Members have their readiness to provide the this afternoon, and 300 from the Lafayette.

ing personal interests and to work have been asked for various ser

they

Paris to see the Minister of Merdespatch of business.

The men's leaders have gone to for the public good. This un-vices. It is ย matter for con- chant Marine in the hope that the

doubtedly assists in 23 quicker gratulation that in these times of depression the financial position possibly to-morrow. dispute will be settled at once,

HAPPY RELATION Past history shows that at times there has bee considerabie ran- Chamber, probably due to a lack us today to carry out large and and fifteen schedules and is now way of taxation. It_la_enabling Bill which originally consisted of of sympathy and understanding-

four hundred and fifty Fortunately happier THOUSANDS INVOLVED

very important works to the beno- have obtained in recent years and

relations at of the Colony, while at the even bulkier, Le Havre, May 15.

such relations have rendered my

aamo time affording a large mea- One and a half million words Representatives of the Seamen's singularly pleasant one. It is heary commitments in front of us experience in this Chamber times. Although we still have

sure of employment in these hard were spoken in over two thousand Union claim that 10,000 French

speeches dealing with the India seafaring men will be called oattisfactory to record that, with in respect of such works our sur-

Bill during those thirty Parlia Shanghai, May 16. Exchange rates here opened to decision of the crew of 1,200 men meetings. It

ou strike as a result of the real divergence of opinion in our to enable us to

one exception, there has been notus balances are sufficiently large eighteen

mentary days and members spent day Ans

hours tramping follows: US dollars of the new giant liner Normandie necessary, except on that one the same time I realise that unless were made daily. Mr. Richard A. 41.0/16, Sterling, 1/8.7/16, Gold to walk off their ship.

has never

division lobbies. carry out these been

warks without undue strain. At Bars $763.70.

An average of seventy speeches It is announced that 800 men. occasion, to make use of what an the economic position improves it Batler, Under-Secretary of State The Foreign Exchange Market the crews of two other large described as "Government's pup definitely other important works with two hundred separate ad-

unoficial in Slagapore was very strong at 9.30 am. due to the then are asking for fifteen et majority. Even on the ucca-that are more or less essential

Iners, are leaving their vessels.

once will be necessary to postpone in- for India, led the list of speakers speculators, who lightened their oversold positions prior to Mr.days holiday a year, with payence of opinion was not so great sion to which I refer the diverg

dresses. Sir Samuel Hoare, Secre- Alorgenthau's speech, re-entering pkl age pensions and payment of

tary of State for India, before his the market as sellers.

wages monthly. They also de-

as it appeared at first sight,

ahaence from the House owing to Also there is considerable ex-

A considerable amount of legis minn that the time they spend nation has been passed during my pressing my thanks also to the the creditable total of one hundred illness, had managed to achieve I take this opportunity of ex- pectation that gold bar operators port must be included in their will pash prices downward now pay cheques.

period of office much of which has Members of the Executive Council and sixty-six speeches on the Bill. It is not thought that

been af considerable importance. for their great assistance and ad-Page Croft, Conservative from Brigadier-General Sir Henry That our bille have passed with vice, I realise that

is a heavy argely to the uniform assistance sometimes very lengthy and bulky opponents of the Bill, was a strong af Members, to the help given by files which aro circulated but the

and determined third with over the Standing Law Committee work has been carried out with-

150 addresses reported by which I hereby gratefully acknow- out a grumble and I am more than Hansurd. lodge and to the sympathetic grateful.

Sir Thomas Inskip and Mr. A novel form of publicity for the breadth of outlook shown by ing President Roosevelt to call an Ovaltine is the inauguration of a free and by the Attorney General in both for their friendship during policy with respect to the reforms

well-known and sustaining beverage Government

I should like to offer a word of Winston Churchill, both of them Officers international monetary conference service of this popular drink to busi particular. Perhaps the

concerned thanks the Chinese Members antagonistic to the Government's However, proponents of the Newness men at the 11 am. period of notable legislation has been con- work in helping to maintain such over a hundred times each. Deal do not wish to

most my term of pifice and for their contained in the India Bill, apoku take Initiative due to their experience girls dressed in-costumes advertising cil and in this connection I should between myself and the Govorn-monts, agreed to by all acctions of

the pick-me-ups. Two charming Chinese nected with the new Urban Coun-happy and harmonious relations

Moreover, the voluntary arrange. of the London Conference 1933-United Press.

of Ovaltine have been calling at onces like to offer special thanks to the ment on the one hand and the the House, for the allocation of

and preparing the beverage, sklifully and daintily, and handing these Standing Law Committee, freshly-made cups of cheer to local Attorney General and the acting represent on the other.

the Chinese community whom they time, worked very smoothly and members carried on the debate in Taipans.

Attorney General, to the Director Though this is more particular business-like manner, All of Medical and Sanitary Services, ly a farewell to the Members of parties were well satisfied and ing a Parliamentary question, said Mr. C. L. Tatham, A.BL.I.E. (Aust) Department and to Members gen opportunity of

several Heads of the Sanitary this Council I desire to take the use of "guillotine methods," and the proposal to demonetise the ALT.P.I. (G, B.), CERT. T. 1 (Lon- gold dollar of the United States dan

thanking my the enforced silencing of speakers University), has commenced rally. Other interesting bills honourable friend, the Colonial were avoided. as legal tender in the West Indies Practice in Hongkong as a dell have been Juvenile Offenders and Secretary and all the Members There are six days still to bo. and British Guiana, had not yet of Cantori Building,

engineer and contractor at the Bank the Magistrates Appeals, which of Government service for their devoted to the report stage and been put into effect, as doubt had

was very glad to got on the Statute uniform loyalty and unstinted third reading of the Bill before it arisen as to the effect of such

Book.

service throughout my five years goes up to the House of Lords, action in those

A DISAPPOINTMENT of office. Without that help Router., of British veto soared to-day on the strength Perhaps the only Bill of note should indeed have found my Gulana

coin still re of widely circulated rumours that which did not come to fruition task a very difficult one and I am

London, May 15. mained in circulation. Action some of President Roosevelt's much to my disappointment, was very grateful to them.

According to the time-table would be taken as soon as it was closest political advisors

ngreed upon by representatives of decided whether British Gulana favouring the Bill behind the taking out of new Crown lenses fortunate in both his official and mons, the third reading debate on are that providing for the compulsory I feel that my successor will be all parties in the House of Com- duras was in a special position,

in case of sub-divisions. As an unofficial advisers and am con- the Government of India Bill wilt and it was not at present pro- N. Garner, Vice-President of the convinced that such legislation give him that unstinted help that which this important measure posed to demonetise the gold dollar United States, has advised that would be to the benefit of the you have always given to me. there. British Wireless.

some wavering Democrats will Joshees and that the day will come

will be sent for consideration by INFLATION?

vote for the Bill over the" veto, when there will be regret that to you as Members of this Coun-mittee stage of the Bill ends in the Gentlemen, In saying good-bye the House of Lords. The com allegedly intimating that there such a bill was not introduced. I cit I can only add that I shall Commons to-night, and, by agree- Washington, May 16.would not be any subsequent Doll- cannot see how without some such retain to the end of my days most mont, four days are being devoted Hopes of the passage of the tical pressure against them provision it will be possible al- happy memories of our associato the report stage--British Wire- Patman Bill over the Presidential Router."

together to avold.disputes due to tion round this table.

· Lega.

that the change-over in out of the maiden voyage of the Normandie out friction and dimculty is strain on busy men to peruse the Bournemouth, one of the leading

way--United Press.

tle

MONETARY CONFERENCE

Washington, May 16,. Senator Elmer Thomas, Do. mocrat, of Oklahoma to-day introduced a resolution authoris-

will be delayed, for there H every likelihood of the strike being satisfactorily Reufor,

Bettled.-

GOLD DOLLAR PROPOSAL

London, May 15, The Colonial Secretary, answer-

wherd the cair

་་

should be included. British-Hon-scence for political reason John | old. Land Officer in Malayn I am Adent that you will all continue to be taken on June 4 and 5)'after'

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