1936-10-07 — Page 17

High Cost

Of British

Armaments

NO EXPANSION IN

REVENUE

BRITAIN'S POSITION

London, Oct. 6.

THE HONGKONG

TELEGRAPH.

GERMANY FEARS

DEVALUATION

BANKS CONCERNED FOR

FOREIGN TRADE

Berlin, Oct. 6. Increasing nervousness in German business circles about the future of the nation's currency and economic developments was reflected in the Bourse to-day in the sharp climb of share prices, Mr. Neville Chamberlian, | caused by heavy buying. Chancellor of the Exchequer, speaking at the bankers' annual dinner to-night, said Britain's expenditure-on, this year's de- fence programme was rising so rapidly na to outweigh any ronsonable probability of its being counter-balanced by cor responding expansion in

venue.

►

The devaluation of the lira, which was a surprise, and the anticipated devaluation of the Czech-Slovakian crown, both served to send investors scurrying to require German and foreign shares. Even the official warning that the, between 31.2 and 33:21 milligrams.

The Cabinet to-day approved a bill possession of shares was no protec-

10 to tlon against devaluation, but that on providing for devaluation by the contrary profta might be con- 10 per cent, of its present value. fiscated by the state, failed to have

The final exchange value of the effect. currency will be fixed by the Govern- any considerable deterrent

the international money

WEDNESDAY, OCTOBER 7, 1936.

E RADIO BROADCAST

Aviation Talk-“Learning To Fly"

PIANOFORTE RECITAL

From Z.B.W. on a wavelength · of 355 metres (045 kilocycles).

4-7 p.m. Chinese Progromme. 7-11 pm. European Programme. 7 p.m.

The London Palladium

Orchestra.

Aminn (Lincke), Animal Antics- Novelty Intermezzo- (Wark); Dawn Mail). Chu Chin Chow" Selce- tion-(Norton); Through Night To Light (Laukien); Bluo Devil's art. Lotter); March-(Williams, "Maid of the Mountains"-Waltz. (Franer-Simson).

7,301 p.m. Closing Local Stock Quotations.

7.30 p.m. Variety Items.

Piano Sold-Love Me-Gerry

re-Supplies were short and quotations ment, according to de marktet" in Moore: Vocal-Yodeling. Hobo-The

"There are still plctures in the situallon," said Mr. Chainberlain "causing us anxiety. Although no- body can confidently say that the prospects portend a time of settled peace, on the other hand there is break no nation which wants to peace, for none can but confidently believe that even victory would bring more loss and suffering in it train.

Continuing, Mr. Chamberlain said that although Britninja torefgn trade still lagged a long way behind that of some years ago, there was already an indication of improvement during the past year, with a marked ad- vance in our exports, due to the more prosperous conditions in number of countries formerly our good customers.

EXCHANGE ADJUSTMENT

A

The re-adjustment in the exchange value of the trane must come like the cracking of ice at the approach. of the warmer season to sit ice-

rose generally by two to three per

cent.

a

Well-informed banking circles, howover, do not believe that devalu atlon is imminent, though the creation of an export mark is considered

This would be used possibility. abroad for the purchase of foreign goods, and would be backed by gold coverage, possibly deposited abroad. It is realised that such a step would need co-operation by other countries, which might not be forthcoming, and banking circles are exhibiting great concern at the future of the country's foreign trade-Reuter

PRAGUE.DEVALUES

Prague, Oct. 0.

Orchestra - We've

Got

Rhythm-Fox-Trot Medicy.

p.m. Time Signal, Weather Re- port und Announcements.

1 Billies; Dulcimer Solo-Landler from the Oberland; Vocal-Happy Earlier to-day, the Prime Minister, M. Hodza, discussed Czecho-Slova Swiss Memorier Swiss Ensemble; my Heart-Elsie hian adherence to the Anglo-French-Song-With all American monetary agreement with Carlisic; Humorous George Formby British and French representatives

Medley: and subsequently the Cabinet met and drafted the devaluaton bill- Renter.

AUSTRIA'S GOLD PRICE

Vienna, Oct. 6. It was omelally announced to-day that the Austrian gold price would henceforth be based on any market, chosen periodically by the Austrian National Bank.

In order to secure stability of the price of ane gold, I will be fixed for whole of 1030 nt 5,983.00 schillings per kilo.--Reuter.

The gold content of the Czecho-the Slovakian crown has been reduced to

DAY BY DAY NEWS IN BRIEF MISERABLE ARE THOSE ILIND, U? | Ten cases of Diphtheria.with seven TUTONED PEOPLE, WHO LEAN THEIR deaths, eighteen cases of Typhoid ItоTEз UPON TROSE THINGS water with three deaths (two Imported) TIME AS FLEETLY ITEARS AWAY.-- one case of Measles, and fifty-seven Petrarch.

8.03 p.m. Songs by Jan Klepura (Tenor),

1. licute Nacht Oder Nie!; 2. La Danza; 3. You, Me And Love: 4. My Heart is always Calling You, 5. Sweet Melody of Night.

8.20 p.m. From the Studio. A Pianoforte Recital by Nura Kanis.

Programme. Prelude, Choral and Fugue..Cesar Franck,

8.40 p.m. Albert Sandler and his Orchestra,

None but the weary heart (Tschial- kowsky); Hassan-Serenade (Dellus); Softly awakes my heart"Samson and Delilah" (Saint-Saens); Serenade (Toselli); Bien Aimer Valse (Wald- [cutel); Amoretten Tonz-Waltz (Gung').

9 p.m. News and Announcements from London.

9.20 p.m. Ragamuffins,

bound polar explorer. 11e was

deaths from Tuberculosis were re- quick- agreeably surprised at the

ported to the local Henith authorities ness with which the world seemed to

inst week. On Monday two cases of implications of have grasped the

LAU WAI arts. CHEUNG Diphtheria and one case of Typhoid the tri-partile monetary declaration.

Azz year-old unemployed Japan; | were also reported. "Though it will first be necessary

ese, Toshiak! Nakajima, was charged to provide for security against

before Mr. K. Keen at the Central violent fluctuations in the value of

Magistracy this morning, with enter gold as expressed in terms of com-

volld pass- Three men, Lau Chun, aged 33, modities, I do not see any insuper-ing the Colony without a

Detective-Sergeant F.

Wong Kan, aged 49, unemployed, and able dificulties in the way of our port.

Russell said defendant was arrested Yau Mec, aged 55, unemployed taller. Medley. at ultimately again arriving

Kennedy Road by an Indian con- were charged before Mr. K. Keen at international currency system based in Ke

possession of diacetyl mor- came here to seek employment, and with the

3.phine at No. 40 Queen's Road West, entered the Colony on October The Japanese Consul-General was third floor, on October 0. Revenue arranging for defendant's repatriation Officer A. W. Grimmitt requested a to Japan on October 12, and Sergeant week's formal remand and said the Russell asked for an expulsion order ense would be taken for committal. to be made against defendant. His Bait in the sum of $2,500 each was

allowed. Worship granted this request.

Harry Roy'a Tiger

1. Fox-Trot Medley; 2. Farewell Blues: You Rascal You; Muddy Waters; 3. Shine; My Sweetie went away: Sweet Jenny Lee; 4. Waltz

9.40 p.m. From the Studio. Aviation Talk No. 5. "Learning to Smith.

on the free exchange of gold."-stable. Defendant told the police hele Central Magistracy this mornin iy" by Flight Lleutenant P. Holroyd

Reuter.

Hongkong rainfall for the 24 hours ending at 10 am today totalled 0.07-inch. The total since January 1 is 09.22 Inches, ngainst an average of 79.49 inches,

The Gloucester Hotel

Opening was

A GLORIOUS SUCCESS

"QUEENIE." was superb

and her

HULA GIRLS were delightful

whilst

NINA & JOSE entranced

Do not miss them!

TO-NIGHT

-and-

10 p.m. Big Ben from London. Dance Music. 11 p.m.

Close Down.

PALESTINE COMMISSION

London, Oct. 6. The Palestine Royal Commission held its first meeting at the Colonial Office to-day. The meeting, which was private, was devoted to, a dis- cussion of questions of procedure and olher preliminary matters.-British. Wireless.

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