As Time Goes By—Jacques Renard (1931)
Interestingly, This record shows only Jaques Renard, but not the name of the composer (words and music), Herman Hupfeld. I have done a lot of research on ATGB and I have never come across this recording.
Rudy Vallee was the first to record the song, also in 1931 and it was later in a play “Everybody’s Welcome” whose box office failure but the Schubert Organization into bankruptcy.