1936-02-22 — Page 19

CHEVROLET

Canadian Built

SALOONS

1935 MODELS Master Standard

Delivered

Prices

£325

£265

252

210

205

172

LONDON

VANCOUVER

HONGKONG

Weight

Horse-power

Miles per gallon.

26.3 19

3.150 lbs. 2,725 lbs.

26.3 23

FAR EAST MOTORS

/CHEVROLET

26 Nathan Road, Kowloon

Telephone 59101:

Manager Hongkong Telegraph"

Dollar T41 By d. (nom)rning Post, Ltd.,

Lightily. Up Musthans firset, Hongkong. High. Water ===ZIUS,

Low Water:-14.30.

The

FINAL EDITION

Coun

Hongkong Telegraph.

FOUNDED 1891

六拜禮 號二廿月二英港香... SATURDAY,

FEBRUARY 22, 193G台十三月正

No. 14828

HİNGLE COPY 10 CENTS

$30.00 PER ANNUM

THE

"KAPTIVE KLIP”

For All BOTTLES

Using the "KORK-N-SEAL"

Closed:

CAPS.

Firmly Seal the

Bottla

Open: Remains Rigid 90 cts. oach,

Whiteaway, Laidlaw & Co., Ltd.

FROST IN FINE

FINE FORM

FORM AT RACES

CHINA CURRENCY SURPRISES

PROBLEMS

COLONY MEASURES WILL BE BENEFIT

H. K. & S. BANK'S ANNUAL

MEETING ADDRESSES

Reference to Hongkong and China currency problems figured largely in the speeches at the annual general meeting of the Hongkong and Shanghai Banking Corporation this morning.

Mr. Stanley Dodwell, who presided, expressed the hellef that the Hongkong Government's measures to control exchange would be for the good of the Colony, in that one of the nightmares of merchandising had been removed. He drew at- tention to the Jean times experienced by business houses, who were not in a position to hear additional taxation, and that to mert the situation the proper course should undoubtedly be to curtail expenditure.

The Hon. Sir William Shenton expressed the hope that when feasible the Government would make a clear declaration of its future monetary policy, which would engender confidence and be of great assistance to merchants and all interested in Far Eastern trade and commerce.

In the course of a reference to China's monetary problems, Mr. Dodwell said a false step now might lead to a recrudescence of speculation and a serious flight from the dollar. Speaking of Senator Pittman's suggestion that China would before long go back to the silver standard, he remarked that it would need a very different policy in the United States before this was likely to come about,

Addressing shareholders, the Chair- man add:-Ladles and Gentlemen,-- The report and statement of accounts having been in your hands for some will, with your permission, days, Lake thom as read. After making full provision for losses and

tingentier, the net profits for the year Amount to $12,088,841.75 to which must be added $9,204,701.30 brought in from the previous year. Aller deducting the interim dividend paid at 2/2.1/2

Directors' remunera- tlan, there remains available for dis- tribution

$11,090,800.03 which it in proposed to deal with as follows:- To pay a final Dividend of £3/- per share (subject to deduction of In- come Tax) $7,372,800; transfer Bank Premises Account, $1,000,000; carry forward to New Account, $3,- 327,000.03.

to

CHARGES

TREATY

BROKEN

GERMAN VIEW OF FRENCH TREATY

VIOLATED LOCARNO

Berlin, Feb. 21.

RARE AT VALLEY

CLOSE FINISH IN MAIDEN STAKES

HEAVY GOING SLOWS TIMES

Hongkong's annual racing festival, opened at Happy Valley this morn- ing. It will continue on Monday, Tuesday and Wednesday and conclude next Saturday.

Owing to the business depression, there are fewer Chinn panies, sub- seription griffins and Dérby griffins than usual, but amongst the new animais, noinbly the Australian ponies, there are sonic extremely promising mounts. One effect of the, decreased number of Derby grifina has been the abolition of three grif- fins' races, but new events have been included to make good the deficiency, and the sinkes have not been in any way reduced.

the

LIBERTY BAY AGAIN

Inclement weather marked opening day, the skies being overcoat, with heavy rain periodically calling. None the less, there was quite a large attendance of turf enthusiasts.

In the first race, the Foochow Cup, erly Bay, the invincible, which was from betting, came in six lengths ahead of King's Jubilee, being steered to victory by Mr. Leo Frost. in a Reid of five,

for the Wangneichong Stakes. From There was a a keen tussle in the race

En-

a flekt of eleven starters, Mr. carnacao brought home Rose Evelyn half a longth ahead of Heriot, ridden by Mr. Proulx, with Mountain View (Mr. T. L. Wong up) a similar dis stance away third.

Mr. Frost secured his second win when he just managed to snatch victory from Laughing Girl (Mr. Deitz up) a short head in the

by Maiden Stakes.

After the tiffin adjournment, Mr. Frost again figured as a winner,

Britain's new monarch, King Edward VIII, has always enjoyed great popularity in the Navy, shows the crew of HMS. Revengo, at Newcastle, cheering the new King on his accession to the Throne.

MINSEITO

LEADING

AT POLLS

JAPAN ELECTIONS CAUSE SURPRISE

Tokyo, Feb. 22. The election results known at mid- night give the Minselto Party a sub- stantiul lead over all other aspiring groups, with 100 seats.

The count at that time allowed the

Minseito held Tokyo and had in lead of about 20 seats over the Selyukai. Social Mass 16, the Showa'saf The Seiyukai hold 84 Beats, the

dents 13.

11,

Lindbergh

Kidnapping Inquiries

Picture

WAR UPON BETTING SCHEMES

GERMAN CARPENTER|| MAKING IT HARD

DENIES CUILT

HAUPTMANN'S REQUEST

(Special To "Telegraph”)

Santa Ana, Cal., Feb. 21, Alexander Witten, a German Car-

a half in front of Ocean View, ridden The most noteworthy defeat thus Lindbergh kidnapping and murder ed to-day in connection with the by Mr. T. L. Wong, in the second far is that of the veteran, bed-ridden coction of the Wongnelchong - Stakes.

FOR POOLS

FIXTURES TO BE ALTERED

London, Feb. 21.

In order to circumvent betting pools, the Football League, according to an

FURTHER ITALIAN ADVANCE

NO RESISTANCE ENCOUNTERED

RELIEVING MAKALE?

Rome, Feb. 21.

A further small advance by the Italian army on the northern Ethio- plan front was to-day reported Marshal Badoglio,

by

commander-in-

chief of the Italian army,

His troops, he claims, have captured Aderat.

Aderat is only about twenty miles from the beleaguered Makale, which Ethiopian troops have isolated and have been holding in alegn for weeks. It is believed that Makale has been on the point of surrendering for some time, and that the whole of the present offenairo in the direction of Ambaningi is intended to relieve tho plight of the garrison-Router.

IMPORTANT POSITION

Asmara, Feb. 21. The operations around Adoraz have, added a fine fertilu valley to the territory taken by Italian troops in the past few days. The total land secupied since February 10 le 726 square miles.

The First Army Corps started at dawn today to occupy the whole of the fertile valley stretching before the Italian lines. They achieved this without firing a shot. The Ethiopians will not come out and fight in the open against the much muperior urmaments uf their enemies. But they are lurking in cover around the Italian positions.

The Italians are now commanding Jan important ridge which overlooks the Maimeshik valley. Router Special,

RUMOUR OF VICTORY

Rome, Feb, 21. Rumours that Italian troops have unofficial statement, has decided on stormed and captured Amboalagi are the sensational step of cancelling all neither confirmed nor denied in remainder of the sensen, announcing communique from Marshal Badoglio them only twe dnes before the matches in expected to contain news of particu are due to be played.

lar Interest Router Special

bringing home The Hero a length and Kokumin Domei four and Indepen-penter, 35 years of age, was question-atures for this week-end and for the authoritativo circles, but to-morrow's

THE OFFICIALS

The officials of the Meeting, which is run under the auspices of the Hongkong Jockey Club, Are ILD follows:

Patron. His Excellency Sir An- drew Caldecott, KT., C.M.G.. C..E.

leonorary Stewards. His Excel- Vice Admiral Sir Charles Little, K.C.D., His Excellency Major General A. W. Bartholomew, CB G.MG, C.B.E, 9.8.0, Commodore G. G. Sedgwick, R.N.

Stewards. Mr. M. T. Johnson,

Your Directors deeply regretted having to reduce the Interim dividend by 10/-, Bad it may be as well to explain that they did so to meet in

The definite statement that Ger- (Chairman), Mr. V. M. Grayburn, Dr. part a substantial loss sustained by the disgraceful failure of an impor-muny regards the Franco-Soviet C. Macgown, His Honour Sir Atholl tant firm in Bombay. I may say that agreement, now well on the way to Macgregor, K., Mr. T. E. Pearce, Mr. our loss was but a small fraction of the final stage of achievement, as a E. I. Reed, Mr. H. G. Sheldon, K.C. what other Banks suffered, but in violation of the Locarno Treaty, was Hon. Sir William Shenton and Mr. P.

(Continued on Page 7)

CASH SWEEPS

LUCKY NUMBERS AT THE RACES Cash sweep winners ht to-day's Races are as follows:

Race No. 1

No. 1838

No. 1717

$940.80

.

248.80

No. 1586.

- 134.40 Unplaced ponies ($50 each): Nos. 1108, 1616.

Race No. 3

view of the rising price of silver made in a communique issued to-day Tester Esq. of Pari-Mutuel & Cash during the first half of the year which through a German nowe agency. In Charge

Sweeps Mr. V. M. Grayburn, and The Franco-Russian pact is mutun! assistance in the event of an

for Mr. M. T. Johnson. attack upon either by any other our Sir Atholl Macgregor, K.C., Mr. E. 908,

In Charge of the Scales.-His Hon- power. It was a similar treaty which B. Reed, and Hon. Sir William Shen- 749. enused France to mobiliso in 1914 ton.

and

was doing so much damage to China, your Board decided that it was only common prudenco to keep the Bank in a thoroughly sound position distribute the greater portion of the loss among the shareholders.

SOME COMPARISONS

Commenta

when Russia. summoned her armies Clerk of the Course-Mr. T. ·E. In face of the threat from Germany. Pearce, -Reuter,

Judge. Mr. P. Tentor. Assistant Judge.-Mr. P. M. Hodg In Charge of the Faddock-Dr. J. x.C.

on changes in the The communique is issued in reply balance sheet figures are again did to the report that M. Edouard Her 601. ficult owing to the different rate of riot, in the French Chamber of De- axchange compared to the previous puties, doclared that that Germany C. Macgown and Mr. H. G. Sheldon, Fear. The total figures are down in a memorandum on May 25, 1035, me $12 million while the dollar assured France that she did not re- equivalent is up some $100 million gard the proposed Franco-Russian compared to 1934. Speaking rough. Protocol as a violation of the Treaty ly, we can say that there is a reduc- of Locarno,

tion in the amount of Current Ac This is not in accordance with the counts, Fixed Deposita and Note facts, the communique explains. Josue on one side, which is counter- The German memorandum distinct- balanced on the other side by n reduc-ly stated the German view that tion in ensh and bullion, the cause of Franco-Soviet treaty and the Locarno which will be seen when I refer later pact were irreconcilable. The Ger on to Hongkong Exchange.

man Government still adheres to this You will notice little or no change attitude. Reuter. in the total of our Bank Promisca Account-though we credited the ac count last year with $1 million and charged it with about half the cost of our how building. Towards the end of the year it became apparent that provision we had made in past years for certain contingencies would not be required, so your Directors decided that as the find so accumu- lated was, in no way profit' earned during the your it should be used to write down the now building, which now stands in our bovics at a very reasonable figure.

No. 1233 211 490

$820.00

380.00 118.00

1008, 062, 1880, 1774, 5, 1022, Unplaced ponies ($50 each): Non.

Race No. S

$904.40 258,40 120.20

No. 1728 1236 1720 Unplaced pores ($50 each): Nos. 1336, 187, 1739, 103, 1430, 078, 1002.

Race No. 4

Starter.Mr. A. H. Potts.

Handicapper.Mr. C. M. S. Alves.

No. 984.

1934 1300

$041.50 259.00 Time-Keeper, Mr. A. E. 9. Alves.

134.50. Surgeon. Dr. J. W. Anderson

Unplaced ponies ($50 each): Nos. Veterinary Surgeon-Major Frank 987, 2146, 097, 1160, 280, 609, 180. Hogg, M.R.C.V.B.

Socretary. Mr. C. Bernard Brown, Treasurers-Messrs. Linstead and

Davis.

1. The Foochow Cap-Winner 1600. Second $250. Third $150, For China (Continued on Page 1)

SWISS REFUSE GERMAN

SHARP-TONED DEMAND

Berne, Feb. 21.

The Swiss Government has refused to reconsider its decision to ban Nazi organisations in Switzerland.

Race Na, 5

No. 1760 1221

1018

2056.50 273.00 138.50 Unplaced ponies ($25 each): Nos. 1248, 047, 1780, 889, 728, 2020, 820, 641, 349, 2263, 1037, 740, 1258, 1808, 600.

Race No. 6

.11

No. 2005 2346 233

$1,174,60 936.40 $167.80 Unplaced ponies (150 each): Nos. 1232, 825, 1691, 1231, 1055, 2740, 1824, 941, 1778.

Race No. 7.

No. 022 2111 1442

$1,810.50. 377,00 188.50. A fow. weeks ago at the annual The refusal follows the German Berns by n young Jugo-Slavian

Unplaced ponies (350 each): Nos. meeting of one of the big banks at protest against the Swiss order that student some days ago was the inci- 15, 309, 1930, 1477, 801, 2401, 1983, home, the remark, was made that, in all Nozt organimations in Switzerland dont which brought the German-Swins recent years there had been one im must be dissolved. The German note, relations to the point of friction portant change in the position of which was couched in strong torms, Following the murder, Berlin pent banking in that nowadays considera inslated that such a décres was a a sharply worded note to Berne. The tion, had to be taken of the many political move and that it was inad-Swiss reply was a decreo against Nazi uncertain political factors which are missible.

organisations. The result, is hard (Continued on „Page :4).. The murder of the Naal agent in foaling-Reuter,

CABE,

Ifo dorried that he had had anything whatever to do with it, but he was hold after he had admitted Illegally entering the United States.-United | PTCES.

WANTS "JAFSIE”

Saturday's fixtures will in future, therefore, be circulated on Thursday HRC evenings.

Although the Lengue decline to con- firm or deny the report, it is assumed Trenton, Feb, 21. to be correct. An official statement Bruno Hauptmann, from the death will probably be issued in a few days, coll, to-day begged for a chance to Scottish matches will not be cross-examino Jafsio" Condon, the affected.

Mr

W. MacAndrew, man upon whose evidence Hauptmann Secretary of the Scottish League, said was originally

they did not think it worth the trou- Governor

and Hauptble. It was unlikely that the Scottish attorney's munn's

jointly attempt-League would take immediate action, ing to Induce Condon to return from but they may do so next season. the Panama, citing discrepancies in

The English Fontbnil Lengue thinks

Hoffm

arc

the game.-Router.

LEGISLATION ASKED

his stories regarding possible accom-that betting pools are a mennee to plices in the Lindbergh crime,

Mr. Walter Fisher, one of the at- torneys, who has been closely connected with the case throughout, said he be- loved Condon was one of Haupt- mann's last hopes to escape the elec- trie chair. "The outlook is dark," ho admitted-United Press.

WON'T ANSWER

Panama City, Feb. 21. Mrs. Myra Hacker, Condon's daughter, said he had no intention of answering Governor Hoffman's ques tions about the Lindbergh case United Presa.

INDUSTRIES DISPLAY

London, Feb. 21.

At a meeting In Manchester of the Football League Clubs, called to con sider the attitude of the League to ["pool betting" on League matches, [ it was decided to ask the Government to introduca legislation to stop the the poris.

Meanwhile, in order to prevent promotors from using fixtures as a basis of their business, it was decided that for the remainder of the present football season League fixtures abould be scrapped and new fixtures arrang- ed Clubs with home bookings will London, Feb. 21. retain their dates, but until two days The Enginnering and Hardware before each match, homo clubs will soctions of the British Industries Fair not know who their opponents"will be. wore visited today by civil digni- Representations for the supression taries and the Lord Mayora of forty-of pools were recently made to the nine towns were among the visitors Home Secretary by religious and entertained to Juncheon by the Bir-social workers, who state that betting mingham Chamber of Commerce of this kind had become a grave evil. Router's Bulletin Service,

-British Wireless.

CONVICTS FREED WITH POLITICAL PRISONERS

(SPECIAL TO "TELEGRAPH")

Madrid, Feb. 21.

His Majesty

Broadcasting To Empire

London, Feb. 21. His Majesty the King will broadcast to the Empire March 1 at 4 p.m. (Greenwich time).

Reuter

on

learns that the wave length on which the King will broadcast from. Daventry Station, and the times at which recordings will be broadcast, will be announced later.-Reuter.

CONSERVING FERTILITY

PROTECTING FARMS IN AMERICA

(Special To... "Tolagraph")

Washington, Feb. 21. The House of Representatives has approved of an amendment to the Soll Conservation Bill directing the establishment and maintenance of pro-war parity between farm prices. and consumers' purchasing power, without discouraging production to a point below the 1920-29 average of domestic production.

The House also adopted an amond- ment authorising the President to fix

quotas of farm products com peting harmfully with domestic pro-" ducts.

import

Secretary of Agriculture to inaugurate Another amendment authorises the

Steps to legalise the granting of an amnesty, to political prisoners are likely to be rushed through the cortes to-morrow. It is expected that 10,000 persons, 600 of the political prisoners.

a Stato production and control plan imprisoned by the Into Government There will be wild rejoicing when prior to December 31, 107, when the for offences of a political nature, will the political prisoners reach Madrid temporary soil conservation program. be sot free on Sunday,

and there is a possibility of dangerous me expires,' The prisoners in the Oviedo gaols Incidents If the crowds get out of have already been liberated by orders hand-Reuter Special. from Madrid. The only irregularity

The Houso pamed the Farm Bif- Later, the Permanent Committee of which is to be sent to the Senate I: Unplaced ponies (160 each): Nos. in this case was that 200 ordinary the Cortes approved the general consideration of the House amend 1810, 407, 571, 1872, 2017, 1017, 1287. convicts, who wero never intended to amnesty which will probably come inents, by a vote of 267 to 97,

go free, were reloased along with over into effect Sunday,-Heater.

Reuter Special.

Race No. 8

No. 21

1049

911

**

$1,329.30 379,80 189.00

The Senate will note on the Billy' passage possibly to-night.