1938-11-22 — Page 27

HONGKONG THE

TELEGRAPH, TUESDAY, NOVEMBER

22,

1938.

Library, Supreme Cour

Britain Will Not Side With Japan Delightfully New

In Currency Schemes

Scene Laken at the Cenotaph in Hongkong after the recent Armistice Day celebrations.

Belligerent Rights Would Be Dangerous

Warns Republican Spain's Minister

Paris, Nov. 21.

BELGIUM'S KING IN HOLLAND

Tumultuous Welcome

Amsterdam, Nov. 21.

King Leopold of the Belglana ar- rived on his first official visit to Holland to-day, and was welcomed at the station by Queen Wilhelmina and her Ministers.

Cheering crowds, which included Kavo King thousands of Belginns, Leopold a tumultuous recepiion.

The King, who was accompanied by the Belgian Foreign Minister, Dr. Spank, is likely to discuss with Dr. Collin a number of problems of common Interest to them, including the possibility of relaxing the fron- tier regulations in favour of Ger- man Jews,

The King returns to Belgium on Thursday. Reuter Special.

COMMONS CONDOLES WITH KING

King Carol To Visit Hitler

Berlin, Nov. 21.

It is learned from reliable sources that King. Carol will be received by Chancellor filer ot his chalet at Obersalzberg on Tuesday or Wednesday.

Ocial confirmation of this report is not yet forthcoming. but it in stated that King Carol, accompanied by Crown Prince Michael left Paris on Monday evening for Germany, where they will spend a few days with his cousin, Prince of Hohenzol lern-Bigmaringen. Bigmaringen Iles about 300 kilometres from Berchtesgaden.Trans-Ocean.

Only Solution To Spain's Problem

NO NEED FOR

THE

CHINA TO

BE

APPREHENSIVE

SHANGHAI, Nov. 22.

HE RECENT VISIT of the Financial Adviser to the British Erabassy, Mr. Hall-Patch, to Tokyo, has aroused deep aprehension, combined with mistrust in Chinese economic circles.

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The Chinese papers in this city comment at length on the visit, the Yi Pao emphasising Britain's compromising altitude towards the Far East as evidenced by the conclusion of the The Chinese people, it is Anglo-Japanese customs agreement. declared, are inclined to believe that the visit of Mr. Hall-Patch may have a bearing upon the Japanese attempt to undermine the Chinese currency, and they fear that Britain may make further concessions to Japan by manoeuvring the Chinese currency into the Yen bloc as a condition for a guarantee on the part of the Japanese to respect what is left of British interests in China.

The paper expresses the view that the period of war. such apprehension is unwarranted, stating that since the present conflict began, no fonncial dealings whatso-

The Morning Leader also attempts ever have been conducted between the two countries and it woult there-to dispel untue apprehension on part

of the Chinese merchants over fore be impossible for England to Tokyo visit of Mr. Hall-Patch, de- join with Japan in a plan to link up claring that the Chinese currency be- Chinese currency with the Yen bloc longs to the sterling bloc and that to do 50, Moreover, the currency reform Britain, even if she wished to A manifesto declaring that any

Spanish problem which was carried out in China with could not destroy it because the sulution of the

United States. the back of the co-operation of Britain was intended greatest part of the currency reserves China's reached behind

Morcover, declared, 12 is

currency reform,

competition began Spanish people and the Republican, as economic weapon against Japan. ure deposited in Government would not work, has Men Chamberlain,

published by the 14 political would not be so foolish as to assiet

Japan by destroying the Chinese between England and the United erly States to induce China to join the merely parties belonging to the Republican

currency since it would

respective blocs and Britain succeed- Popular Front.

The manifesto claims that the Re-provide Japan with a deadly weapon publican Government enjoys the full for attacking England. As the largest because of her greater investments confidence of the Spanish people, and Investor in China, England must de- ROYAL OAK TO TAKE QUEEN'S

is determined to defend the country'spend upon Chinese currency retal policy at assisting China Annncially, independence and national sovereign- ing its purchasing value, and in view America would take her place. BODY TO NORWAY

of the fact that the continued exist-

The third point advanced by the London, Nov. 21. ty.

The manifesto adda that the only ence of foreign rights and interests in recorded belligerent rights.

The remains of Queen Maud will

of international tinuance of Chinese resistance to thebility of England going over to the theyen bloc is the fact that since enforce- Diplomatic circles regard this con- be conveyed to Norway in H.M.S. solution to the Spanish problem lies China depend solely upon the con- paper as argument against the possi ment of the foreign exchange control ference with more than the usual Royal Oak. The battleship will leave in the application interest, preceding as it does the Portsmouth on Wednesday, escorted law, and the withdrawal from the invaders, the paper points out

Brilliant, peninsular of all foreign forces and necessity of England assisting ring in China, notes are the only medium Directoire Knickers $2.25. safeguard her currency during of exchange in the country, and by the destroyers Fane, statesmen visit of the British France-Trans-Orcan.

Paris Sen.

The French Foreign Minister M. Georges Bonnet received the Re- publican Spanish Foreign Minister Sen. Alvarez del Vayo, accompanied by the Republican Spanish Ambas- Marcelino sador in Pascua y Martinez to-day.

to informed circles Sen. According to Marcelino Vayo Informed M. Bantet that Republican Spain 14 endeavour ing for the complete withdrawal of the foreign volunteers in the shortest possible time.

London, Nov. 21. Mr. Chamberlain to-day moved an address of condolence from the House of Commons to King George on the occasion of the

Maud of Narway.

After brief speeches by the Premier He is said to have called M. Bon- and lenders of the opposition, the net's attention to the fact that the address was agreed to unanimously. withdrawal is not making equal pro--Reuter. gress on the Nationalist side and emphasised the danger that would National Spain should be

ensue

to

Barcelona, Nov. 21.

Bulldog, and Keith-British Wireless material-Reuter Special,

to

UBAMBER ALE

A STRONGER

AND

MORE FULLY

FLAVOURED BREW.

THE PERFECT DRINK

FOR

THE COLDER

MONTHS.

UNION BREWERY I

in China.

Should Britain now abandon her

Britain

the must help maintain stability of these notes in order to

safeguard her own interests in the

$5.50

per garment.

In Cotton & Silk

$1.75 ca.

In Peach and White

Celanese

VESTS & PANTIES

In colours of Ivory, Peach & Sky.

O.S., $2.95

For East. A collapse of the Chinese Whiteaway, Laidlaw & Co., Ltd.

[currency would also mean a fall of

British market.

The paper goes on to point out that Japan is desirous of establishing a Far Eastern economic bloc in order

to control China financially, but in

view of her dwindling Snancial re- serves, Japan

pan requires assistance fron

quiside. party

Tonan has

Japan

Britain.

amindis-

the Chinese currency by

by clr- in the

ulating military notes

occupied areas, apparently hoping to absorb the Chinese legal tender in this

manner, but the attempt falled because of the Chinese currency re- serve deposits.

The paper concludes that, although Japan is anxious to destroy China's financial strength before, she herself collapses economically, she is power- less to do so.--Trans-Ocean.

SHARE PRICES

The following is the list of local share quotations issued this morning. Banka

HI.K. Banks. $1,355_n.

H.K. Bank (Lon. Reg.), $82 n. Chartered Bank, 20% a.

Mercantile Bank, A. & B., £27 n. Mercantile Bank, C. £13 n. East Asia Bank, $80 n.

Insurancos

Canton Ins.. $220 n. Usion ins, $4021⁄2 n China Underwriters, $2 n. H.K. Fire Ins., $100 s.

Shipping Douglas, $46 n. H.K. Steamboats, $19 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Det.), $24 n. Shell Bearer, s/m 85/- n. Union Waterboats, $0 n.

Dacks Ele. H.K. & K. Wharves, $120 a. H.K. Docks (old), $10 n. HK. Docks (new). $18% n. Providents (old), $0 n. Providents (new), $5.80 n. New Engineering Sh. $44 n. Shanghai Dacks, Sh. $124 n. Kailan Mining Adm., 5/- 17/- n. Raubs, $0.10 b.

Venz: Goldfield, $3 n. Hongkong Mines, 716 cia. n.

Philippine Mining

Atamok,

P.

Alcke 405

20.

Bagulo Gold, P. 24 us.

Benguet Consol, P. 12,80 sa. Benguet Explor.. ==

Coco Grove, P. 51 zā.

I.X...

Mines, P. 004 BR.

P. 20 sa.

Liens, P.00 80.

Paracale Gumaus P. 80. San Mauricio, P

Suyor Consol

United

P. 1.78 s

sa.

P. 20 80.

Paracales, P. 10 ea. Lands, Hotels, sta

H. and S. Hotels, $0.45 8.

H.K. Lands, $8014 m.

H.K. Landi 4% deb. 107

Shangha Tanda, Sh: $8.70 n.

Humphries: 39.n.

.H.K.

K Realtios, $5% n.

Chinese Estates

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U. P. MANAGER IN HOSPITAL

Mr. Harold Guard, Manager of the United Press Association in Hong- kong, was admitted to hospital last night, suffering from a fractured leg.

Yaumati Ferries (old), $23 n. Yauma Ferries, (new), $221⁄4 n. China Light (old), $10.40 n. China Light (new), $10.20 . H.K. Electrict, $5424 n. Macao Electric, $17 n. Sandakan Lights, $10 n. Telephone (old), $23.00 n. Telephone (new), $8.00 n. Singapore Tractions, s/- 22/6 n. Singapore Pref., s/- 23/0 n.

Industrial

Cald: Macg. (ord.), Sh. $14 n. Cald: Mack. (PreL), Sh. $13 n. Canton Ices, 31.70 n. Cements, $10. IIK. Ropes, $4.05 m.

Stores, &e.

Dairy Farms, $231⁄2 n..

n.

ex div, $90 . Kao Pubila Utilities H.K. Tramways, $16.50 b. Peak Trame: (old), 80G D. Peak Trams (new), $â% the Star Ferries, $73) herken k

Watsons $7.50 .

Lane Crawfords, $8 n Sinceros, 2 n.

Wing On (HK.), $471⁄21⁄2 n. William Powell, Ltd., 29 cts, à.

Colton Milli

Ewo Cotton, 8b,-1817. n. S'hal Cotton (old), Bh.: 998 n/

Temperature Falls To

74 Deg.

Yesterday's maximum temperature was 74, with a minimum of 62. This morning at 10 o'clock the thermo- meter registered 69, while humidity was 50 per cent.

weather The Royal Observatory report issued this morning stated that the anti-cyclone continues stationary kas over China and Japan, and again increased in intensity. A dow pression is Indicated about 500 miles F.SE. of Manila,

18:--North-east -

Local forecast winds, fresh; ine.

Zoong Sings, Sh. #24 n. Wing On Textiles, Sh. 342 n.

Miscellaneous

H.K. Entertainments, $014 m. Constructions, #1% ..

Vibro Piling, $5,80; b,' - Ch. Govt. 8% 1923 Git Bonds, (017206 (3177)

H.K. Govt. 4% Löân 67% brm. b... BK Govt. Sii% Lown par b.' Matanans (L1905) 5 M/- 205, dly.