1935-05-16 — Page 7

+

FREE STATE FINANCE

MACENTEE EXPECTS SMALL SURPLUS

DEFICIT CUT BY MILLIONS

10, 8.10' a.m.)

PLANNING FOR NAVAL REVIEW

NO FOREIGN SHIPS

INVITED

London, May '15. The First Lord of the Admiralty stated in the Commons that na the Jublice celebrations are es sontially domestic. In charactor, no foreign nations have been in- vited to send ships to represent them at the naval review at Spit- head in July. He niso announced that 201 officers of the Royal Naval Reserve and Royal Naval Volunteer Reserve had voluntee- red to take part in the

re

(Special to "Telegraph") the Telegraph, Copyright Telegraphie Messages Ordinanen, 1896. Rotsived, tisyut most of these will, pol

do so. Approximately 3,000 serve and pensioner. ratings will also be invited to take part. Par ticipation in all cases will entirely voluntary.

Dublin, May 15,

The financial position of the Irish Free State is very encourag ing, declared Mr. Sean MacEntee the Finance Minister; Introducing the Budget in the Dail to-day,

Whereas he budgeted last your for a defeit of £7,713,000, to be provided by borrowing, the actual deficit wat only £2,433,000, he

Haidi.

A substantial increase in ex-

port bounties and subsidies would all be provided from taxation, he announced. Now additional taxes would include oue of four pence a pound for tobacco and, sixpence a hundredweight for wheat.,

An additional export, tax Hydro-carbon oil would yield $60,- 000, and Mr. Mue Entoe.

There would also be a duty of ten shillings ench CURSES,

(27

|

DIG THAMES ASSEMBLY

be

In accordance with plan, twenty- Two ships of the Home Fleet which are paying a week's visit the Thames, took up their to temporary stallons in the river and estuary to-day. The battle- ships Nelson, Rodney and Valiant, the battle-cruiser Hood, the air craft carriers Courageous and Furious, the cruiser Cairo and the destroyer Valorous are anchored off Southend

1

~THE "HONGKONG TELEGRAPH. THURSDAY, MAY 16, 1935.

RAISING LEGATION STATUS

CHINA AND JAPAN IN AGREEMENT

RECIPROCAL ACTION

(Special to "Telegraphy.

· LONDON STOCK EXCHANGE

LATEST SHARE QUOTATIONS

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

May 14 May 16, British Government Securities War Loan 31457

redm, after 1952 £100%%% £100%

Chinese Bands

44 Bonds 1998

£109 (Eng. In... 466 Loan 1908. £ 984 667 Loan 1912 ... £ 80%

Beorg, Loan

£1021⁄4 £18 £ 961⁄4

£ 007

97%

£ 80%

$ ROM

Tient.-Pukow

fly Telegraph. Contakt. Telegraphia 1913 tan. I.) € 07 Mesmorz Ordinance, 11. Breticed, Mex: Bonds 1925-47 £ 97%

Dai-Nanking

14, .41 M.)

Shanghai, May 16. announcement will be made to-day it la reported that an official respecting the elevation of the Chinese Legation at Tokyo to an Embassy, says the United Preks,

A Renter despatch from Nunking states that the elevation of the Chinese Legation in Tokyo and the Japanese Legation in Nanking to the rank of Embassies will be simultaneously

announced to-

morrow in Sanking and Tokyo.

The arrangement was made when a Japanese Legation spoke man visited the Foreign Ministry in Nanking to-day. the message adds.

6

Bly. £31

Tient, Puknw

Railway (pl. Lona) A

Sat-'chow- Tonan Ry, 31 Ningpo Rly... 2301

Hai Ry. 1913 B

Foreign Boston and German 7 Int Japan Sterling

Lonn 1924

Lonn 1907 Japan 6 Sterling

The cruisers Orion, Leander and Neptune and the destroyers Fame and Fortune are off Grave- NEW YORK STOCK Chartered Bank £

forsend. The destroyers Crusader and Cygnet and two submarines are in Tilbury Dock. The des troyers Crescent and Comet are off Greenhithe, while the des- troyers Fearless and Forester are at Greenwich Pier and the latin leader Kempenfelt is in! The Pool of London above the Tower Bridge.--Britisk Wireless,

pork car-

The Minister estinated that next year the Slate would enjoy of £10,000, Renter

#

'surplus

Special.

SILVER STRONG IN LONDON

CENTRAL BRITISH

SCHOOL

FOUNDATION STONE

LAID

in thei

EXCHANGE

MARKET UPWARD

YESTERDAY

RADIO BROADCAST

Relay of Legislative Council' Meeting

CONTINENTAL TRIO

From R.W. on a wavelength of 355 metres (815 kilogycles).

2.40 p.m. CApprox:) Relay of the proceedings at the special meeting of the Colony Legislative Counell on the eve of the departure of His Ex- cellency Sir William Peel, Governor of Hongkong."

3 p.m. (Approx) Close Dawn. 5. p.m. Hongkong Hotel Dance Orchestra.

6-8:30 p.m. Children's Studio con-

cert..

6.30-7 pm. Hongkong Hotel Dance Orchestra.

7 p.m. Stock Quelations, 7.03-7-30

Music.

p.m. Light Orchestral

Dellbes in Vienna (arr. Walter).

Eyes Russian Impresaint Ferraris).

Fantasis on Melodies of Johann

Strana (Weber).

Love Tiles (arr. Henry Hail).

7.30-8 p.m. From the Staffin Selections by "The

1. If trad

Programme

Continental

milli Dollars; 2, Black and Blue; 3, Then I'll be fired of you; 4, Two cigarettes in the dark; 6. Wildent; 0, Just awearin' for you; 7. Have a little dream on me; 8, Your head on my shoulder.

8pm. Time & Weather Requort, 8,03-16.30 p.m. Chinese Studio Concert.

£ 27

I 27

EUR

£31

Hukuang Wy,

Blue

19t

£8

£ 4R

5

Lung Trise (.

£19

Bankis

£13

X NZ

£ 08

Tria."

X AS

Load 1994 £9 H.K. & Shai Bk.

16%

Fala, Regd.) £121% £124

11.

.......... CHA Commercial and Industrial Alhed from Found-

21.

er's

Associated Elen

industries

4073

21/9

$41

27/

Austin Motora ord

ah.

Boots 57 sh.

4x/3

IN

12077 121/73

87/6

17/9

(England)

Musieni

Electric

Aircraft

1779 6276 9179 92/6 4174% 4279

27/

52/0 327. 15/-

26/712

50/105

3174 34/10%

8/6 13776

138/11

British - Amerienti New York, May 13, Tobaero The following reports on the New

Canulian Celmese market have been re-Chinese Eng, and York Stock ceived through Messrs, Swnn. Culbert-

Min. (Dewree) son & Fritz:

The Wall Street Journal report en Distillers .......

Courtaulds yesterday's market; Stocks to-day Dunlop Ribber.. Armed, fisplaying notable strength in eerie ralfrond issues due to improved cure? Industri loading figures and hopes of fisvern- General ment assistance shortly. Amrikenn

Holis

اله

; 4א

(Continued from Page 1.j

Telegraph & Telephone Desun were Hawker been put into effect, as doubt had

firm, due to the fact that the Com-Impl. Chem Ind.

declared its arisen as to the effect of

pnny Buch.

An important event

regularna.

Chem Dei. dividend. Stocks on the Curb Ex- action in those parts of British history of Kowloon took place change were irregular, but

Det, 10/h. .. Gulena where the calo

turned tapl. Tobneco ... yesterday afternon, when His Ex-tirm in late Trading. Bods still re-

were internat. in mained circulation.

Nickel Action cellency the Governor, Sir William higher, but Governnient issue wern

ne par val ... $ 2012 $227. would be taken as soon as it was Peel laid the foundation stone of quiet.

Rayce decided whether British Culana the new Contral British School in

S., C. & F. New York office cables:

110/71⁄2 141/3 should be included. British Hon- | Argyle Street,sin the presence of a

The market WM quiet, but S'hai Eler, Constr. 48/- 487 duras was in a special position, large and distinguished gathering rest. Average daily petroleum pro-

Arm, with

in-Tate & Lyle at present proof friends, parents and pupils, duction for the week ended May 11 and it was not posed to demonetise the gold dollar | The new school is to be rated at was estimated at 2,620,000 barrels, there.-British Wireless,

later date.

compared with 2,401,000 barrels the On arrival, His Excellency the previous week. The Edison Blee

estimatess Governor, Recomputed by Tauly feel, tricul Institute

weekly und attended by air. d. G. Pilcher electricity production at 1,702,000,000 |(Private Secretary), was met by the

kw., nn increase of 3.5 per cent. Director of Education, Mr. G. it.

from Plus corresponding period of last Sayer, and the Rev. G. E. S. Upaddell, | year,

INFLATION?

|

Headmaster of the School. The ar chitect, Mr. W. A. Cornell, F.R.L.B.A., St., and the contractors, Messrs. Cheong Bing, were thea introduced to

Excellency.

Washington, May 15. Hopes of the passage of the Patman Bill over the Presidential velo soared to-day on the alrength of widely circulated rumours that some of President Roosevelt's elosest political advisers favouring the Bill behind the scenes for political reasons,

A guard of honour was provided It is understood that Mr. Johny the girl and boy prefects of the N. Garner, Vice-President of the United States, has advised that cheers for His Excellency, and Lady At the conclusion of the speeches, some wavering Democrats will Peel, on the call of the Headmaster, vote for the Bill over the veto, followed by cheers for the School, on allegeilly intimating that there the call of Peter Wilson, Head Pre-

fect, would not be any subsequent poli-

given with entliusinam. them.--- tleal pressure against Reuter.

STRIVING FOR PEACE

FRANCE AND RUSSIA -

HAVE SAME GOAL

Moscow, May 15.

A joint communique on the result of the conversations between M. Laval, French Foreign Minister, and the Soviet leaders, issued to-

School,

were

great

A bouquet of Bowers was presented to Lady Peel by Evelyn Buyers, on behalf of the School.

The seale model of the new build ing, constructed by Mr. Cornell, was inspected by the quesis and grently admired..

VALEDICTORY.

MI. VAN LEO CLOSES CAREER AS REPORTER

in

bows

New York and Chicago ronimodity reports received through Messrs. Swan, Culbertson und Fritz:-

Anglo-Dutch Gul Kalump

Rubber Pekin Syml

ord. sh..... Rubber Trusts.

Z.E.K. PROGRAMMÈ 8.30-10 pm. Europezan rewarded music from Z.PK, on a frequency of 610 kilocycles.

8.30-9.01 p.m. Concerto Not in D flat minor for Piano and Orchestra (Tscha:kovsky) played by Solomon and The Ballé Orchestra.

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

9.11-9.79

p.m. Debruy

Somers,

Buttl

Ballads, we Love-Selection (art. De

broy Somers).

The Open Road A Hiking Medley

(arr. Debroy Somers),

930-10 p.m. Daner Music.

10 p.m.

Press Bulletins,

ZEESEN PROGRAMMES

This Evening's Broadcast Frem The German Short-Wavers

Special proÖR PRINCE for Far Extern datehers will be fryandræst from Remsen ka

followe

SOUTH ASIA ZONE South Asia Sono, brondernt from DJB, [19.74 metres) and DIN (86.46 metro).

4.45 a.m. 610, RJR Annsancement (Germ

Engl.) Greman Folk Song, Pre- gramme Forecast (German, Eng- Heft).

79/-

78/6

Turner & Newall United Steel Vickers oel, Watney, Combe & Reid def. ord. Woolworths

Gi- sit.

1 ເຄ 120/0 Miscellaneous

DAZ

6874

28/4

28:41%

13/-

12/10

70/1

2010

3

2176

179

1/9 30/3

Mues

1073

11/4 11/6

64/0 53/4

7/10 7/8 17/0 46/3 282/6 478/9 107/ 10776

10/12

51/4 74/4

M4/4%

78/9

B

10

Cotion: Operations were largely confined to activities by "spot" houses

umrketi and the Colton Poul. The presents a "steady undertone, but meets with resistance as priros np. | Burma Corpn. Rs.

Domestic consumption during

reach the 12-rents livet. The Gov- ornment weekly report is neutral. ↑ Coman with

April Mining totalled 462,841 bules. Out of 12 Randfontein. opinions of the market, 6 are bullish

Estates dure bearish,

Spaurwater Gold

Mining Wheat: There was some covering

by shorts, but now out side interest Spring Mines

hicking.

Sub-Nigel Corn: This market was quiet, but | Whokaná Corpm.. steady, Argentine advice will pro- bably be a factor noon.

Rubber: There was some realizing on a stendy market, with factory in terest subsiding at the advance. Roying by outside interests voit- Linues.

REUTER QUOTATIONS Dow Jones Averages; Mr. C. Van Leo, who is merer-30 Inkıstrials

with the 20 Rails his connection Hongkong Telegraph after, nearly 2 Utilities 17 years service as a reporter, to pursue a business vocation, was the recipient of a gold watch-pre- day, emphasises that both countriessented to him by his colleagues on aro striving for the same end,. namely, the maintenance of peace the staffs of the Hongkong Tele- through the organisation of general graph and South China Morning

Post yesterday afternoon. security.

Anglo-Persian Burns Oil..... Shell Trans unid

Trad. (Bearer) GOZ-

U.S. COMMODITY

PRICES

QUOTATIONS

Lucky

p. Children's PingeAMIREZ

Sollocks and Unlucky Mary. A Fairy Flay by 3. steek.

5.30 p.m. News in Fralish,

3.45 pm. Orchestral Concerts Among the

Hem Piano Converta by Her Tatt Zitcher and "Aus italfen""

by Richard Burnum. Suloste Kurt Borark, Conductor: Walde mer van Vuiles,

5.45 p.m. Now in Germin

7 p.m.

* Dom.

Concert of Light Music,

News in English

... Close down DJR. DIN (Germ..

Each)

EAST ABIA ZONE

- Emat -Asin -- Tema-brondenst-through--D/A--an- 11.85 metros, and DIN (31,45 metres).

*****

DIA, DIN Announcement terms... Enal German Polk Song, Pro Framme Forecast Germ. Engla). Bongs by

3. p. For the Young Polki

Werner Allendütf. 9.45 p.m. News in Engllah on DJA and

Dutch on DIN.

10 p.m. Light Concert will Interspersions, 11.15 p.m. A Visit to the Berlin Revol

Than Blurume A cnh l Erwin Barth on Wehtenalp.

14.10 p.m.

Wind Music.

13.16. News In English on DJA and

12.38 a.m. Close down DIA, DJN (Germ..

Engl

DAVENTRY

PROGRAMMES

To-day's Broadcasting From Four Transmissions

The following wavelengthi and frequencies

are observed by Daventry.

Frequency Wavelength 8.650 k.. $9.39 metres k.c. 81.36 metres 2,383 1.5. 31.30 metre 11.750 .c. 25.33 mertre

May 14. May 15. 114.18 114.61

LATEST CABLED

81.23

31.67

19006

19.18

JD Bunla

D5.28

96.15

Call Lign

11 Commodity Index 01

59.02

The fullowing quotations

GSA

on the

C81

New York comodity exchange are

GBC

issued hy Reuter:

Can

GRE

+31,815

k..

26.28 melzen

New York Cotton

Car

13,140 kit.

10.82 metres

CAC

17.790 kr.

14.88 melawa

May 14. May 15

CAJ

21.30 .c.

13.07 stren

Mas July

11.78

11.90/90

GXI

11.89

11.93/94

CSJ

13,260 k.c. 19.00 metres 21,540

Betober

11.78.

11.83/83

中

December

11.81

11.89/80

January (1038) 11.88 March

11.01/04 11.07/07

i am

Spot

New York Rubber

MISSION TO AMERICA

CHINA · MAY SEND DELEGATION

Mr. F. P. Franklin, acting The communique adds that the General Manager of the South Franco-Soviet Pact in no wise de China Morning Past, Ltd.. making tracts from the alm of forming a the presentation, referred to the regional Eastern European Part of good service which Mr. Van Leg non-aggression, consultation and had rendered both papers, in parti non-nasistance to an aggressor, and cular bis keruness for getting news the two Governments will continue and his special contributions, Mr. It is learned in authoritative: Muy their efforts to bring about such aVan Len had set an example in

Pact.

It is understood that the prin- cipal autcome of M. Laval's talk was an agreement with the Soviet leaders that conferences will be- held to draft a multilateral pact of non-aggression, which will be sup- plemented by a mutual assistance pact on the part of those nations desiring to join in-Reuter.

WATER LEVELS

FOR WEST, NORTH AND EAST RIVERS

means of

11.03

12:15 1230

12.2012.19/19

12.28 12.28b/31a 12.11 12.41/43 12.18 12.48748 12.03 1262/62 12.70 12.69/69

Shanghai, May 16.

circles that Chinese

commercial July loyally and service.

organisations in Shanghal are September He wished Mr. Van Lee equal seeking Government support for October success in his new field.

the iden af Ronding Chinese December economie investigation mission to January Mr. Van Leo was also the re-

Total sales:-310 lots cipient of a gold chain from Mr. the United States as

Guard and the United Press improving Sino-American trade re-

Chicago Wheat staff.

lations..

May

90% 91 Mr. Franklin and his colleagues, and is expected to be developed

In reply. Mr. Van Leo thanked. This suggestion has received July

warm support from all quarters | September .... 02% as well as Mr. Guard and the when the members of the Ameri United Press for their handsome can Economie Mission return here presents, which he said he would from their extensive tour of the always value. He recalled his oxperiences as a reporter, with its consulted

Interior of China, as they will be

on. thi

matter. moments of stress and its com Central News. pensations, together with amusing episodes in the course of his career.

P. & O. DIRECTORS

13.91 metran

Transmission

(0.9,0, kad 6.BA-)

Beilen. The following pre- Krunime may be interpreted, for the song of the nightingale, bring net from the border at Surrey wad SummeÃ

wiki nightīnusims in their natural eur- Pounding.į From the Country- xide. The BJ.C. Empire Dichos.

7.40 m. Talk: "Freedom.**

Grenwich Time Signal at Midnight B .mt. Dance, Muric. - Harry Boy and hia.

Band, relayed from the Fair Nətul, London. 1.45 m. The News.

⚫m. Cine down. “

Transmission 2

(0.8.F. and G.B.C.

. Big Ben, The Kallend Boure and

New Victoria Orchestra.

Greenwich Time Blanal_it 17.0 noon. Dome Talk: "Freedom."

8.20 p.m. An Organ Recital by U

p.m.

England,

The Western Stadlo Orchestra, *.30 pm. The News,

Close down..

- Transmission 3

10.5.1 G.B.E. and G.B.D.)

10 p.m.

.91 01%%% 92 02

3. Tuesday's aules:-21,070,000 Lushels

93

Chicago Corn

May July September

8714

7512 7644.

.75% Tuesday's sales:--7,033,000 bushels

Winnipeg Wheat

87% 87%

80% 80%

P.45 p.m.

May

80

80%

86%

875

BT

1

1.34% 1.31

1.83

1.35% 134 134 1.59 1.34

75.60

76.20

77.156 78.15/16

77.05

78.74/85

(11.30 13. The News,

78.00b

80.20/50

Total sulus:-149 Contraels

A novel form of publicity for the July well-known and sustaining bovenge Ovaltine is the inauguration of a freo May service of this popular drink to busi- July neas men at the 11 an. period of September London, May 15, pick-me-ups. Two charming. Chinese Lord Bledisloe and Sir Philip girls dressed in costumes advertising Browne

Ovaltine have been calling at offices May were to-day elected Directors of the P. and O. and and daintily, and handing theso September

and preparing the beverage, akikully | July 7.0 British India Steam Navigation freshly-made cups of cheer to local December 1.6 Companies-Reuter.

Taipans, ke

The River Conservancy Com- mission for Kwangtung Province Issues the following report on water levels, in English feet, for the West, North and East Rivers: May 14 May 15

· West River at Shiuhing 12.0 North River at Taingyuen 11.9 North River at Samshal East River at Sheklung 1.3

12.0

14.8

7.0

New York Silk

Total sales:-114 lots

Montreal Silver

Big Ben. The Emilio Colombo Ociel. Hilda Goodman : (Beprano). 10.13 p.m. "Empire Bookshelf!" No,

Khari descriptive readings from "Labrador Days" by Sir Wilfred Grenfell. "Prairia" Trails and Aretic Hyways" by Captain JL T. Mann, and “Jalna" by Maso de In Reche

Greenwich Time Signal al ¥ p.m. 1 p.m. "Gentle. Gertrade,** or "Detzged

and Drowned in Digbeth."

11.46 pm. A rockat, at *ladion

Bishaleur moule by Harga Benin

and Nalen Dark

17.15 m. Banco Munic.

(Continued on Page B.), 1

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Leon 10% cash discount.

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FOR COPIES OF LAST SATURDAY'S

"HONGKONG TELEGRAPH”

JUBILEE SUPPLEMENT

A further edition will be published on Saturday, May 18.

In addition to the photos in the original supplement, there will be further pictures showing Jubilee scenes:

In order to avoid disappointment orders should be placed at once.

Copies book.

ed should be called for on Saturday morning..

PRICE 10 CENTS EACH