1941-07-26 — Page 7

NANCY

I'LL SIT HERE ON NANCY'S STEPS

AN'

MAKE SURE

SHE DON'T LEAVE

LATE FOR + SCHOOL!

I CAN JUST

MAKE IT BY SHOOTING OUT THE BACK DOOR!

How Britain

Saturday,

HONGKONG TELEGRAPH

WOW!--- 9:30

AND SHE AIN'T

Cope, 18EL DE VAKS2 Feature Fendizale. Ind TML, S. PAL (malt sichte robeerni

Britain Proposes To Pay For The War

LONDON, July 25 (Reuter), -The Financial Powers (United States Securities) Bill. which proposes the authorisa tion of the pledging of all rama ining British investments in the United States against the loan of $425,000,000 to the British Treasury, has passed all stages in the House of Commons and should become law within a week.

The assets consist largely of direct external loan, however good the participation by

It is of course com- British Arms insecurity may be. United States enterprises togetherpurable with our own three per cent. with a amaber number of securities war Ioan, yielding £2 19s. ad. quoted on the Stock Exchanges. per cent."

Direct Investments

The Chancellor continued that direct investiments used as collateral

There

was

Dealing with the Bill in the House of Commons to-day, the Chancellor of the Exchequer (Sir Klitgsley Wood) said that the loan afforded included shares of a number of other satisfactory solution of the diffe

difficulti problem of how to make the best use British owned subsidiaries besides

Insurance companies. Gritain's of

American reserves falso a block of marketable securities

Government was war purposes. The fully aware of the drawbacks of already vested in the British Trea selling direct investments and sury but not yet sold together with

was

a block of similar marketable securi- reluctant to force the available

iles in the hands of British owners. properties on an unwilling market.

Many of these direct investments, $100,000,000 a month, dependent on Britain expected to receive about morcover, were almost impossible to -sell at the present time.

the proportional amount of collateral bring deposited. Britain could de- posit very quickly vested marketable Securities owned by the

Treasury to cover the first $100,000,000,

Subsidiary Aspect American subsidiaries might be merely selling agents for t British parent company or the ties with t British parent might be so close that) if cut away from the parents, the subsidiaries might lose much of their

value.

Insurance Securities

The dollar securities of British in- race companies were neither to be sold nor pledged. These securities were to be held against the dollar Inbility of the insurance companies. These conditions of the loan were based on normal commerciat prae-

"American Anti-Trust Legislation. morcover, made it frequently i- possible to sell such subsidiaries 10 other companies engaged in the same type of business. But means of e-ee. tion had to be found and the pass- age of the Lease and Lend Act did not put on

an end to the need of solving this question.

No Alternative Furthermore, although the Lease and Lend Act help was enormous, It did not and could not cover all

⚫ Britain's requirements of dollars, So long as borrowing with or without collateral was forbidden by Ameri- can legislation, it seemed impossible to find

alternative to outright salo.

an

The dollar income available from the deposited strurities and from in- arance branches was sufficient its present level to repay the whole Joan at maturity. The estimated ield from the collateral, and in- surance companies was $20,000,000

year.

An

Inter-Sectional Soccer Match

Inter-sectional

Club's

It is hoped that the Immigration Omeer, Air 3. 11. D. Lee, will start the match.

LEFT

YET!

Zzz 22 Th

League Warning

To London

Soccer Clubs

LONDON, July 25 (Reuter).--- The Football League to-day issued a warning to London Clubs saying that they must fulfi fixtures IS originally agreed or cease to be menibers under the Artletes of Association.

The League Meeting followed the decision of London Clubs to break away and arrange their own competi- tions and Axtures owing to the dis- tances they were called upon travel by the fixtures arranged by the Football League.

to

Chung Sing Charity Gala At Kennedy Town

A three-day swinuming

Gala sponsored by the Chung Sing Benevolent Society, in ald of the refugee relief fund, began last night at the pavilion, Kennedy Town.

The success of the gal was greatly enhanced by the inclusion of gay en- several re- tertainment provided by nowned Chinese actors, of whom Kwan

Tuk-hing and Cheung Yuct-yer were The most prominent

One item was n

gauze dragon display by the nativer of flo Tons: District,

Tx-

The programme comprised an hibition of breaststroke by Là Po-yuen (South China). backstroke by A. K. Rumjahn (V.R.C.) and diving by L Roza Pereira IV.R.C.), There were no competitive events.

Third Triumph For King's Unbeaten Horse

on

July 26, 1941.

By Ernie Bushmiller

OH

NANCY

い

WAKE

UP

Major Baseball

Pittsburgh Humble Dodgers 8-4

NEW YORK, July 25 (UP)......... PKisburgh Pirates humbled Brooklyn

in the Dodgers 8-1 National Baseball League to-day, while in the Amerlean elreuk, Now York Yankees chalked up a fresh success, trouncing White Sox B-0. Scores were:

NATIONAL LEAGUE

Brooklyn

Intery Wyatt,

Franks;. Owens,

Puisburgh

Jattery-Sewell,

Davis,

Philadelphin

Cincinnat

I.

Chlengo

Tomulis, Tugbe.

Dietz, Sünvan: Lopez.

4

Dattery--Hughes; "Livingston. д

bardi.

D

D

'Revised Card For Week-end

*

Baseball

By "Ball Fan"

A REVISED TWO-GAME card will feature the week- end baseball

programme with Chung Hwa's fighting Maroons booked to appear at the ball park for both

games.

This afternoon's single tilt opens at 2.30 p.m. with grandpa Leung's Maroons in an "All Chinese" classic against the lowly South China nine.

The Caroline Hill gang lost a heart- breaking extra uning game in their last meeting, but with their first win of the season last week, they have gained that extra confidence and

Battery-Vandermeer. Thompson; Lon should give their arch rivals a "battle

royal" in this afternoon's tilt.

Ski Powlowski, Welford and Tony Muscavage will handle this one,

*Carpenter:

New York

BatteryLohrman, Adams, Carpenter:

2. 10 1 French, Page: McCul-

Dinning

Chicago

louch.

Battery-Olsen,

The Darton-St Loula game is a nighter.

AMERICAN LEAGUE

0 1 2 Chteago

Daftary-Smith, Appleton: Dickey, New York

5 13 0

· Battery: Chandler; florar.

Ballery: Auker; Swift, Washington

6

12

0

Batter-fennedy, Corrosquel, Ander-

Fon; Eurly. Cleveland

12 3

Unlters-Krakauskas, Harder, mari

Desautels. Boston

Buttery-Grave; Peacock.

10 10

6

1

Detroit

Dattery-Benian, Giebell; Tebbelka Philadelphia

Battery-Marchildon, 1nrris. ley:

Hayes.

LARGE SUM FOR

BOMBERS Acknowledgments

*

morning

THE SABBATH game at 10 am. brings the Chinese Maroons back again in

a fracas with Mindanao's terrifie M.

The champions took a surprise loss last Sunday, but are set on "sailing clear to the championship" in their remaining games.

Ski Powlawski's powerful right arm has been alling with the "core" sign, the past couple of weeks, but the blonde speedballer should not flad too much trouble in sending the weak-willowed Maroons down, with another loss.

Beferees are, Duc Molthen, Charlie Waggoner and Nip Lum..

CHINESE SEAMEN

GET WAR BONUS

be-

SALISBURY. July 25 (Reuler).— His Majesty's unbeaten fly, Sun Chariot, scored a third triumph

A splendid second donation of $3,000 this season When

5-4 03

from Hongkong Tramways, Ltd, a sub-

LONDON, July 25 (Central Newa), favourite In the Aix furlongstantial cheque for 81.792.75, from the Amerbury Stakes she beat Kilo by Hongkong Chinese Civil Servant Club. As a result of negotiations ten lengths with Shahrookh, the representing half of the proceeds from tween the Chinese Consul-General at the Ko shing and Company officials, the Sliver the recent concert Spring Stakes winner, third, Thentre, $1,000 from Biesstu Wallace Line has agreed to pay the

Chinese Salisbury la proving

per & Co. Ltd, an anonymoun donation of happy

$100 from Haiphong, and Miss Marion seamen, totalling over one thousand, hunting ground for the King, whose

fatter's twelfth donntion of $100, con- £5 monthly as war bonus, operating cult, Big Game, gained three of four allitted the main donations to the Domber wins there.

Fund yesterday, the talas of which now retrospectively from January stands at $2.438,020.60.

11

A general solution to all Britain's

game between difficulties was made possible for the Hend OMee and the Western the first time when the Reconstruc- Depot of the Immigration Office will be tion Finance Corporation obtained played at 9.30 am. to-morrow at the

Works Public

Recreation powers to make loans to belligerent

ground. Causeway Bay, governments against collateral in the form of American securities and the agreement which underlay the Bill was the result.

Speaking of the three per cerit. Mr R. Puinsot, well-known artist Interest charged on this loan,

ist the and sportsman, who has volunteered Chancellor sald: "I would say at with General de Gaulle's Free French oilco that this certainly cannot be Forces, has left the Colony to join regarded as excessive for tL large his post.

Kolus Pric Was Bul and Shahrookh was second favourite.

Harry-Wrage-rode-the-King's-Portuguese Bookkeeperste

Hongkong Tramways, Ltd.... $23,000 Wallace Harper & Co., Ltd, .... 1,000 "Old Iron"....

7-4.

horse.

KEEP THE BOMBER FUND SOARING

TYPES OF BOMBERS HITTING HITLER

-The Fairey Swordfish.

Hongkong Chinese Civil Ser- vants Club (50% entra pro- reds of Variety Concert held on 12.7.31

Miss Marion

donation)

The Lee Furnit

Polter (tweith

Company Contribution per Mrs Hogg

The Taipo Half-Way House,

Talpo, New Territorie

Anonymous-Hatphung!

In Memory of my dear daughters

Evelyn & Gertrude

Mrs Hopwar)

Dr A. H. Barwell

(Mallier,

BLIND GIRL.

It may be

be recalled that the Sliver Line, acting independently of the big shipping companies, declared their willingness to give war bonus for the Chinese seamen months ago but the decision was considered

1,02,73 invalid on certain technical grounds.

200

gae 28

D5

The Industrial leme for Blind Girls, Pokfulam, estefully acknowledge the following donations:

VILK Football Association "Sunday Herald Charity Cup", $100; farewell gift by Ms. D., $200; the Hongkong Singers, proceeds of concerts, $145,04

EUGENICS LEAGUE

The fisnorary Treasurer of the long- kont Eugentes League acknowledges most gentefully the following subscriptions and Bencious donations:

Previously acknowledged $410. 3r anu Mrs 1. M. Lop, $300; Sir Robert Ito Trang. $150; Mr Don Yuch-rem. $100; Mr Hu Kani-tong, $25; the Hon. Mr M. K. Lo. $23, lr . M. Raymond, $25; Mr F. W. Shafiain, 826 Mr and Mrs Jutlus. Ring, Henry $15; Dr Amy Glover, .$12; Mr

Ch. 10: Mr G. B. Labrum. $10; Mr

Horace Lo, 310: Mr Horace Lo, $10: Dr Hultmijer, $10; Mira J. Shen, $10; Dr Harry Talbot, $10; Mrs Lucy Leung-tao, $7; Me 1. Ruitanjee, 55: Miss Jesale Wong $5; Mit E. C. flok. 4; Dr Chiang So-wah, $4; Dr Bo Waiting, 54; Dr Kwan Sheng- wo, 34; Zitus Mul Yan-lin, 4: Mrs David Wong. $4; Miss Lee Quon-ngel, $3; ·Adikn Ngan Wal-ming. 53; Mrs E. A. Cemernic, Mr J. Pestonjec, ; Airs dwin Lee, 12: Mrs Jade Wong Wu. 32; Dr Charlotte Gower, $2 Miss Tuul-rung Wong, #2. Total $1.00D,

6. P. C. A.

the The S. C. T. Post has received following donation to the B. P. C. A. (Dogs one):

A. 1, $5.

SALVATION ARMY

the

The S. C. AT.. Post has received following donation to the Salvation Army

Food Kitchens);

Vicky, $15.

DONATIONS WAITING

Donations for the following Organten- tions await collection at the office of the 5. C. M. Post: Associacao Portuguesa dq Soccorros Mutuan; Lord Mayor's Fund for the Nelief of Air Victims, H.W.D.F.; Emergency Refuges Council; S.P.C.A.: Food Kitchens Fund; New Territories Hellef Association; St Vincent de Paul: Salvation Army: Society for the Proteo- tion of Children.

Organising U.S. Shipping

Hockey On Roller Skates

Possibly the best game of skates hockey this season, took place at Ciro's last night when Blitz and Cyclones finished even at one-all. It was their third meetlug and certainly showed how the Fame should be played, boll teams showing great skill.

Outstanding feature was the solid display of tliè goatkeepers, who kept out any hot shots, MeCadden being particularly skilful.

Ansell scored in the first half to give Blitz the lend which, they held at the change over. After half time the gome became vigorous and a Cyclone was ordered off. Balenian put in a shot which unexpectedly found the net for Cyclones and the game. both teams, Aghting hard for the winning goal.'

Jel. 28151.

CLEARANCE

SALE

COMMENCES

ON

MONDAY

ALL

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IN DEPARTMENT

LANE CRAWFORD'S

The House of Quality & Service

Build up strength to

AVOID COLDS

Hall's

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THE APRENE

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K MAKI

WIN-DOWN PLOME

and FEVERS

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HALL'S WINE

-THE TONIC-BUILDER FREE Wine Glasses. A crystal wins

glass is given free with every large battle you buy of Hall's Wine. Azenis: Gilmant ́& Co. Ltd.”

CROSSE & BLACKWELLS Concentrated

ENGLISH SOUPS

Are the finest in th

VEGETABLE SOUP

Tomaly, Ont Aspara

ich, Calory,!

KAT ALL STORES. ended with

Destroyers Built Rapidly

KEARNY, N.J., July 25 (Reuter). -With the launching here lo-day of two new American" destroyers-the Bristol and the Ellyson new re- cord for rapid construction of modern destroyers was established by the Federal Shipbuilding and Dry Dock Company.

The vessels ran down the silpways only, seven-and-a-half months after the laying of their keels,

Executive Council Appointment

The following appointments have been gazolted:

Sir Vondeleur M. Grayburn. Kt, to be an Unofficial Member of the Executive Council for a period of five years, with effect from July 22.

Li-Commar J. Jolly to be Har- bour Master and Director of Alr Services, with effect from June 17.

Commander T. C. Suff to be De July Harbour Master, with effect

WASHINGTON, July 25 (Reuter)With instructions to puly expedite in every way the from June 17. maximum use of ships carrying Assistant Labour Officer, with effect Mr. Q. A. A. Macfadyen to be an cargoes vital to the defence of from July M.

on

the United States, the Maritime Mr. J. C. Filz-Henry to be Commission has sont shipping Omelal Justice of the Penee. experts to Durban, Calcutta, Singapore, Manlia, Honolulu and Naval Volunteer Force, with effect

the Rod Son areas.

Mr G. S. O. Mayne to be Acting Sub-Lieutenant. In the longkong

from July 10,

AMERICAN

PRESIDENT LINES

TRANSPACIFIC and ROUND-WORLD SERVICES Next Sailings

UNITED STATES

Second and Third week in August

For further particulars apply

AMERICAN PRESIDENT LINES

**ROUND-WORLD SERVICES”

AGENTS' FOR TRANSCONTINENTAL &`WESTERN

'AIR AND, UNITED AIR LINES..

12 Pedder Street,

Telephone 28171.

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