1939-03-16 — Page 26

Thursday,

HONGKONG TELEGRAPH

CHINA LOAN BILL IS INTRODUCED

INTO PARLIAMENT

Mar. 16.

7

FOR DEBATE

March 16, 1939.

A Look Through The "Telegraph"

SAN JOAN SIMON, Chen, LONDON. Men fins Workers Score Under "Biggest Fire" gi

to-day introduced into the House of Commons, the China Currency Stabilisation Bill, providing for the establish- ment of a £10,000,000 fund to check undue fluctations in the sterling value of the Chinese dollar.

7

The Treasury will also guarantee He said that the Hongkong and Shanghai Banking Corpora-the British banks against any loss up to £5,000,000 when the fund is tion would qubscribe £8,000,000, wound up." the Chartered Bank of India and Australia would provide £2,000,- 000, and the Bank of China and the Bank of Communicationis would jointly subscribe £5,000,-

000.

The Management of the fund was vested in a committee of five, we of which were appointed jointly by the Chinese banks, une each by the Hongkong and Shanghal and the Chartered banks, and one would be a Brillah expert appointed by the Chinese Government in agreement with the approval of the British

banka.

DUTY OF COMMITTEE

The duty of the committee would be to determine from day to day the policy best suited to achieve the pur- posa of checking undue fluctuations in the sterling value of the Chinese dollar.

The Hongkong and Shanghai and the Chartered banks would receive interest every six months at 24 per

EXCESS TO TREASURY

If, on winding up, the British banka receive in sterling, upart from in- terest, more than the original sub- scription, they will pay the excess to

The Treasury.

The arrangements will remain in force for a year, but can be renewed for further periods of six months.

The British banks, with the con- sent of the Treasury, or the Chinese banks, with the consent of the Chi- nese Government, can determine the. arrangements at any time by giving seven days' notice. Reuter.

No Convicts For Palestine Police

London, Mar. 15, Answering a House of Commons question on recruitment for the Palestine police service, which he raid was proceeding normally, the Colonial Secretary emphatically re-

suggestions which had been

cent. The Chinese bank would pudiatca in some quarters, that

undertake to pay interest insofar as it was not met by earnings from any investments held for the sterling he count fund in London, and the Trea- sury will guarantee payments of in-

terest.

when prisoners convicted of violence

Democracy

NEW YORK, Mar. 16. Workers

domocratic in

In Manila

50 YEARS AGO.

March 10, 1889. King Man has abdiented. in favour of his son. Monsieur Ristich and two Generals have been appointed Regents.

25 YEARS AGO

March 16, 1014. Bome Interest is attached to the

countries carn mero in real Million Pesos Loss third Court of the season at Bucking-

wagos than those in totali- torian Statos, according to a survey made by the National Association of Manufacturers. In terms of bread an hour's wages will buy:

Jb.

Rusla

In U.S.A. ..7.5 Germany Billain ....5.2

Italy

.2.8

In terms of beef:

0,8.A. Britain: Germany France

16.

...3.5

Jl. .2.0

ib.

Bellum

.0.7

1.4 Italy

Russia ..0.0 ..0.8

.0.5 .0.3.

Trade Parleys Cancelled Inopportune Time, Says Halifax

London, Mar, 15. Viscount Halifax announced in the were released from prisons in the House of Lords to-day that, having Unlied Kingdom, efforts were made regard to the effect on the general to recruit them for service in Pales-conditions in Europe which recent events were bound to exert, the tine.Dritish Wireless,

THE NEWS OF THE HOUR..

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PHILIPS 291

Think of 11 '10” tuning saule for anch of the 14, 17, 20, 25, 31 and 49 metra bands and the name and tuning position

al every important skortwave station Indicated on this vast diall

PHILIPS

In Conflagration

ROYAL

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the

MANILA, Mar. 16. THE BIGGEST FIRE so far this year has gutted the Philip-

accepted

Franch Turkey has pine Education Company's proposals for the establishment of an bodegas and niso

the Menarial postal service from Aleppo to

Bagdad Cullough Printing Company in the Quiapo district.

The fire broke out at 11.40. last night.

Damage is reported at between 1,000,000 and 1,500,000 pesos in build- books, paper,

inga, machinery.

magazines and offler equipment.

There were no casualties, and the fire was brought under control about 2 o'clock this morning.

Investigallons disclosed that the fire started on the second floor of McCullough Company's offices in a wing of the building where two men were working overtime..

The cause has not yet been de termined, but there is a theory that It may have been due to electric wiring trouble-United Press.

Government felt that the present moment was inappropriate for the proposed visit of the President of Board of Trade, and the Secretary

The visit accordingly, had been for Overseas Trade 16 Berlin. postponed, and Germany had been so informed-Reuter.

14 m band

17 m band

radioplayers

CENTRAL RADIO SERVICE

60 Nathan Road, Kowloon.

Tel: 59814.

•

Mr. Marconi has successfully tola. phoned by wireless methods between Italian warships at Sicily-(This ante. dated the Thermionie valaa system of radiotelephony by three years -Ed.)

10 YEARS AGO

March 10, 1920,

of St.

The annual prize-giving Joseph's College and its branches took place in the Great Hall of the College In the presence of a large number of parents and friends of the College.

Following is the list of the prizes won in the Matriculation class

MORE CONVENIENT with all controls scientifically centred

STURDIER built for lifetime of service

11. M. Murphy Honours; diet. In Eng lish, French, Trigonometry, and Mech- anies, 1st Prize for Engilah Grammar and Composition (Sanlor Scholarship), French Consul's Prize for E11351,

French, let Prize for. Mechanics,

Mathematics.

F., A. G-Honours; dist. in l. tory, Higher

try. 1st Prize for fligher Mathema-11354. fles, 2nd Prize for English Literature, and Prize for Arithmetic, 2nd Prize for English Hatory,

inary

dist. Cheung Shiu Ling-Honours:

and Trigonometry, ist Prite for English History.

diet.

in

I. F. Gonsalves.-Ilonours; dist. In English and Trigonometry, 1st Pelio for English Literature (Edgar Brothers Scholarship), lat Prize for Portuguese,

Pak Chongeboreon.-Honours; in Trigonometry and Mecbanies,

A. Thomas-lonsura; dist. French and Trigonometry, let Prize for French, the Montargis French Prize: 2nd Prize for Physice and Chemistry. I W. War Leo-Honours; distin Trigonometry and Mechanics, 2nd Prize for French, 2nd Prize for Algebra KRÚ Geometry,

Was Pak Chuen-Dist. in Trigono- metry, Li Shok Tang gold medal for Chinese. 1st Prizo for Algebra and Geometry, IE Prize for Physics and Chemistry (Woo Hay Tong Scholar- ship), 2nd Prize for Trigonometry.

Chao Pao Yung-Dist. in Trigono- metry.

AF. Noronha-1st Prize for. Arith- metic.

G. M. Victor.-Dist. in Trigonometry. J. C. Quincey and C. F. Rozario.

One of the most interesting matches played in the Club tournament yester day was that between the Finchers and Leonard and Bodiker.

Open doubles. Goldman and J. 8. McEachran beat A. D. Humphreys and R. K. Valentinn 6-2, 6-1, 6-4; E. F. and E. C. Fincher beat J. W. Leonard and D. Bodiker 6-2, 4-0, B-0, 0-2.

Handicap Singles "A."-0. E. C. Har- ton bent 0. C. Womack 6-3, 7-5,

Handicap Bingles "B."-A. c. 1. Bowker beat P. E. Barker 0-1, 0.3,

5 YEARS AGO

March 10, 1034. The third reading of the North At- Jantic Shipping Bill which maken necessary the financial provision for assisting the completion of the new Cunard liner and for the merger of the two British North Atlantle Ship- ping Companies in being dotated in the Commons to-night.

Jast

During

stare tho committee night, the attention of the Chancellor of the Exchequer was called to reporta from New York of a proposal to seek an Injunction to prevent further pru press with the merger,

The Chancellor, when questioned this afternoon, said that. the Board of tho Deennic Company had been authoritatively advised that they might legally implement their part of the merger schemes without the consent of the American Company,

He wished, however, to make it plain that if a contrary decision emerged as a rosult of legal action, the parties could attain, by alternative meth:ds, which could not be open to attack, precisely the result contemplated by the merger agreement and that much mathods would be within the scope of the North Atlantle Shipping Bill in its present form.

CLEAN OUT YOUR

STOMACH

—and enjoy your food!

There

are

some people who never really enjoy their food because no matter how long ago it was since they last had

Some a meal, they always foot !! full xp. leel as though a lump were lodged in the middle of their chests-others as though their stomach. were, blowo oot-like ■ balloon with wind and gas

Tisia la because the food from their last meal has not been completely digested, and remain behind in the stomach, turning bad and forming acid and evil gases, Food must be digested and cleaned right out of the stomach after every meal, if you are to feel roady to eat at the proper timo... If you suber in this way, take a dose of Maclean Drand Stomach Powder after eating. It will help you to digest all your lood in the proper way, prevent the formation of too much 'acid and unhealthy gae, and clear poisonous waste gently out of the system. Wind, flatulence, heartburn all go if you; taka this scientific remedy. Even such senous ills as gastric and duodenal ulcer havo been ended by Maclean Brand Stomach Powder. Get a bottle so-day-but maka sure you really do get the genuine Maclean Brand Stomach Powder with the signia. ture, "ALEX: C. MACLEAN * on bottla. and carton. Never sold! Soom„Powder or Tablets Cheap imitions may make "your trouble" were It you have any difficulty in obtaining it from your loca chotules or store, vente sa Bankar & Co, P.O. Box 755, Hong Kong KS401

THE

OFFICE APPLIANCE

LIMITED

· 12a, Des Voeux Rd. C. Tel. 28007.

CO.,

EILEEN JOYCE. (Pianoforte Solos.)

on

PARLOPHONE RECORDS,

Rhapsodie In C Major, Op. 11. No. 3. (Dohnanyi)

(a) Prelude In E Flat Major. Op. 23, No. 4 (Rachmaninof.) (b) Prelude In C Minor, Op. 23. No. 1. (RachmaninofĮ

Prelude and Fugue In A Minor. (Fugue,) (Bach.)

(a) Toccata In A Major. (Paradies.)

(b) Prelude & Fugue In A Minor (Prelude.) (Bach.)

E11363.

(a) Polka Caprice. Op. 1. No. 3. (Stefan Bergman.} (b) Celestial Song. Op. 2. No. 1 (Stefan Bergman.) (a) Spring Night, (Schumann-Liszt.) (b) Le Piece No. 1 (Schumann.)

•

E11377.

Prelude In Db Major. Op. 32. No. 13. (Rachmaninoff.) (a) Prelude In Ab Major. Op. 23. No. 3. (Rachmaninoff.) (Rachmaninoff.) (b) Prelude In Minor Op. 32 No. 8. EILEEN JOYCE..(Pft.) Henri Temlunka. (Vio.) & Antoni Sala. (Cello).

E11386-88. Trio In D Minor. Op. 32. (Arensky.)

TSANG FOOK PIANO COMPANY. Marina House, 19, Queen's Road C., Tel. 24648.

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SATURDAY

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