WEDNESDAY, APRIL 11, 1934.
LOW PRICE OF SILVER SILVER STEADY IN
ADVOCATED
SHIPPING HEAD EXPLAINS EFFECT ON CHINA
INDO-CHINA S.N, CO, PROFITS DROP BY 70 PER CENT, IN ONE YEAR
NEW YORK
THE C
CHINA MAIL.
to-day's Short Story.
Hopes Of Legislation.:
·
STOCKS RECOVERY IN`MORE CHEERFUL TRADING
FAGGOTS
By Rhys'.
Davies.
THE FINEST. ALL-WAVE RECEIVER EVER BUILT!
N
(excepting only the Atwater Kent Model T11)
NE Michaelmas morning-Ivor tomary thrills. Watkin stumped off).
8 tubes.
.
4 gang
condenser. Automatic
mo had already muttering complaints, and Ivor New York, To-day.
lost a leg in an accident in the sat in his empty and silent house, The New York ellver-market mine. suddenly found himself a black despair. shrouding him, so] was firm and moderately active, widower, his Nancy having died that the fire dwindled to nothing, yesterday, in response to the firm of bronichitis. He became very the gas remained unlit, and the ness of foreign markets and to aggrieved at the loss, the more clock chimed its way long past the Washington reports that the Sen-so because he and Nancy had in-time for supper before he moved ate Agricultural Committee has tended opening a little shop after and fetched from the pantry the unanimously reported on the Om-Christmas, a little shop to be de-cold paltry remains of the funeral nibus Silver. Bill, providing for voted to home-made pies, brawn, repsat. If Nancy had been alive the nationalisation of domestic saveloys, cheeses and such-like. to-night- being Friday there silver and the purchase of allver A business that would relieve would be for supper her heavenly him of the boredom that poisoned faggots, hot, savoury, and smelling. Bonds advanced to a now high his life for since his leg had of herbs and onions. level on the stock market, rising been amputated he had done not For weeks he remained in a state 13.tp 94.34. Industrials, rails and work, living on the compensa-of nervous depression. No chaped utilities were up 1.51. .81 and 13tion money while Nancy earned a Service and no liquor could comfort "Although 1933 opened under fairly satisfactory conditions, to 195:05. 49.81 and 25.85 respec-few shillings making flannel pit-him. it did not fulfil these early promises and the year closed with atively, while the commodity index shirts and petticoats for neigh- profit on the working of the steamers of £29.836.15.06. 2a com improved 18 to 53.82. pared with one of £97.208.2.4d. in the previous year, and after providing for depreciation £87.73.19.34. and liabilities etcetera there remains a debit of £73,635.18.80." said the Chairman,
"China has benefitted by low silver, but at the same time political instability is having a dire and increasing effect. This and high taxation destroy the purchasing power of the individual and with it China's domestic trade on which we so largely de- pend." said the Hon, Mr. J. J. Paterson, Chairman of Directors of the Indo-China Steam Navigation Company, Limited, at the 53rd annual general meeting of the Company at Messrs, Jardine. Matheson and Company's Board Room this morning.
neir
courage
from foreign sources.
Business was brisk, bares, being traded.
In their market report,
1.410,000
bours. 3
The Lord was cruel, taking her away when there seemed not опе reason for it. She was to make the
Messrs. pies and the brawn, while he dress- A. Pierce and Company led the window and sat in the shop}
their local correspon-
TO-MORROW'S STORY
To-morrow's story will be "A. Fighter In Ermine," by Raymond Tifft Fuller.
And he had no spare cash to buy:
bed in the morning-for| he never rose from bed until mid-
Those present were the Hon. Although there were, and still are, E. 3. J. J. Paterson, the Hon. Mr.Jclouds on the political horizon of the through
"Snakes trade was slack, playing C. G. S. Mackie and Mr. S. T. Pacific as well as the usual civil war dients: Messrs. Asia Lands, Ltd., siping with customers and, when Williamson. Directors. and within the harders of China, these lote:
pit Messrs. P. Tod, W. Brackenridge, latter did not affect the actual run- "Sentiment is more cheerful and and Ladders" with Watkin Morgan. accident. What was to be done H. W. M. Dalley, Juba Fleming, sing it our steamers so much as in there seems to be greater confidence who had also lost a leg in a
A brond ad-j
How! His compensation money N. I.. H. Railton, G. Puncheon recent years and they were permit-Jon the buying side. F. G. HAP, J. Raptista. A. Cted to operate in Comparative peace vance may not be immediately indi- Wilos. W. 4. Keswick. W. while Native Merchants faced up-caled. but we think that the market would never keep the house going. the walnut toffee that he used to
All Narcy's talent and energy be enjoy in rome naught! It was enough to Kirby, M. H. Turner, A. M. disheavals and monetary crists with proves the belief in a consistently
Indeed, strong underlying position.
an atheist. What day; there had been no need to since Silva, M. H. Lo, Chan Wing, and their customary stoicism.
I "Wheat: Firmer in sympathy with make a man Fung Bun. Shareholders.
may be allowed to digress.
about his lost leg-wasn't that suff-losing his leg. Winter advanced There Was renewed
wicked- with hard brutal strides: he spent The Chairman in his report should like to compliment them on Liverpool.
cient punishment for any
an alien Christmas in Watkin's Re. said:
ness he might have done as a young house amid a gang of screaming and recuperative switching from May to July.
To ceipts were light. "When I addressed you from powers in times of adversity.
Other men didn't lose their}
children. All through January be this Chair last your 1 expresseil them and our foreign Shippers I of
wives so young as forty-five!) as the hope that Shareholders would fer the Company's thanks for their gain some consolation from the continued support. fact that our recent losses huij Increase In Smuggling. Leen diminishing progressively, At our last Annual Meeting re Unfortunately. I am unable to ferred to the helpful spirit of co- suy the same on this occasion for operation shown by the local Gov- though 1932 openssl under riformavent in introducing the Impor satisfactory conditions it did not station and Exportation Ordinance. fulfil these early promises and}1982, under which proceedings could 1 year closed with a profil one taken against the Owners of Un- the working of the steamers of manifested Cargo. This is another £29,936.115.01. as compared with word for smuggling which has in- one of £97,208.2.44. in the pre-creased with each advance in Chin-| vious year.
The reasons for this decline in dar fortunes are not far to seek. The volume of trade in Chins de-
Wast
man?
Early trading "Cutton!" road and active, but became quiet! at the late session. Speculative de well as a leg. Shingles, varicose-lad toothache; he would not have the offending tooth removed: de- But Hall-stones, perhaps. veins,
claring he couldn't afford the ex- mand has improved."-Reuter.
they never lost the women.
the pain friend pense. And he endured said his "Fatc
with a cantankerous obstinacy, up- Watkin.
SILVER BILLS FAVOURABLY REPORTED
(Continned from Page 11.
Senator Thomas's tudes remonetisation.
His Bill proposes:
it is,"
"It is bad management of the held in the exultation of condem world," Ivor declared angrily,ng the evil Power above,
in- measure
"Some have this, some have that, but nothing I have, now."
"True that is,"
Watkle
suid
1
First, nationalisation of silver by ese Customs Duties until today it purchase at the highest spot price is a menace facing every Shipowner prevailing on the day prior to na- in the Far East. I am not aware tionalisation.
"Downhill you're going." said Watkin,
"And I don't care if 1 bump,” |
volume
control.
Tone con-
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dplefully, for this was only the day Ivor answered bad-temperedly. He SOLE 'DISTRIBUTORS after the funeral. "Nothing you added in a grizzling voice "Thin little shop would be have now. Wife gone, no children, month our
opened. A good stock in it with and nothing in the bunk."
On pies, it is "Hang myself I ought to," said fifty per cent, profit.
more. And there's pies Nancy Ivor gustily.
A little fortune was "Aye," said Watkin sympathetic-could make!
In her hands and is now chucked ally. "A way out that is," Thirdly, the Treasury to be au- Out of sheer habit they played away. Into a grave!"
"Up above, Watkin endeavoured Responsible Companies are doing|thorised to purchase, in the world their game of "Snakes and Lad- and tariff increases. The past
Ivor was so cross that to comfort him, "she is making a year has been gloomy and while their utmost to control this evil on market, foreign silver to a maximum ders," but
their steamers but until China
of 50,000,000 ounces monthly until the game was deprived of its cus- fortune that will not fade. When you will meet her again many commodity prices reached the 1926
treasures she will have ready for you. Treasures that will last."
how far smuggling depletes the Re- Secondly, payment to be mude clined in comparison with 1931 venues of the Country but it must with silver certificates. and 1932 due partly perhaps to be very considerable. world depression. But largely
sense a better feeling at Homej yet I feel the iitton of our Far prepared to tackle the culprits direct
songgling will go on unabated.
Eastern depression may not yet be renched.
So far. the fines Inflicted under the Hong Kong Ordin. ance have not proved a deter rept and it would seem aston- ishing how promptly these are paid were it not known that the fines are met by the Organisations responsible for the smuggling.
any
level or silver reached a ratio of parity with the gold.
The plan will make money for the Treasury," Senator Thomas states.
LOCAL NEWS But Ivor would not be put off by
BREVITIES
Chung Man and Chung Fat, father!
such a promise. "Right here now is where she ought to be," he said. "Working honestly for her crippled husband."
He would go for bitter walks in
taken to reconstruct her stern and and son, who were yesterday re-the afternoon, stumping and mop-| to install two Wood-Oil Tanks, both manded on a charge of unlawful posing his way through the streets, his
Low Cilver Advocated.
a.m. On
China has benefitted by low silver bat at the same time poli- tical instability is having a dire and increasing effect. This and bigh taxation destroy the pur- chasing power of the individual and with it China's domestic trade on which we so largely de-
Your Directors are pleased to reof which have proved successful. session of three tons of silica on face downcast, gaze fixed on the pend. There is no doubt, how- ever, of the immense commer-port the absence of
major Several steamers in the Service are board a junk at Shaukiwan, were ground, He managed to keep his uneconomical level found guilty by Mr. E. W. Hamilton home together, bullying Watkin cia! possibilities of this Country casualty in the Fleet and I feel sure nearing the which are recognised, not only you will wish to anunciate yourselves through old age and your Directors at the Central Police Court this into allowing one of his daughters hy Government of Chim, but by with them in paying a tribute to the are giving the matter their careful morning and fined $150, in default to do the cleaning and washing for Planting Staff. It is also à pleasure thought. In the meantime the char-two months' hard labour each. hime shopping and cooking he did those Governments anxious
himself. And evch when the seek new markets for their own to record again the loyal co-opera-ters of the three steamers I have
The first exhibition trade and spring arrived his mind was in no productions, and with the will tion of the Staff, atlout and ashore. referred to from time to time were
press show of the Fox production better condition. His grievance on both sides to tap these re-in all economy mallars which con-extended. sources the outlook can be hope-tinues to engage the closest atten-
"Devil Tiger" will be shown at the seemed to be achieving a firm grip.
ful.
tion of the Directors and the Gen-
You may expert to hear some King's Theatre at 11.30
Then, one April afternoon, he, was During the year under review eral Manager.
thing about silver and how it affects Friday. The picture will eventually taking and of his customary walks,| Shipowners found the chartering!
Tribute To Navy.
the Company. It is a subject I up-be screened at one of the local thea-wandering haphazardly through the market a dificult and exacting one. The Company also enjoyed improach with considerable hesitation. tres at the end of this month. dull grey streets. His artificial leg'
Coal munity from Pirney though I regret i think that many persons thoughts.
creaked, his stick struck the pave- Merchants in the Rice und
As usual hia: Trades to China had to face the un- to say one of its chartered steamers on silver are selfish, perhaps I lay Rainfall in the Colony during ment monotonously. favourable piastre exchange, and new, suffered this fate in a minor way myself open to that accusation for the 24 hours ending ati 10 a.m. to head was bent: lately he had taken levies by the Nanking Government since the close of the year. His people are apt very reasonably to day was .14 inch. The total rain to counting the number of stepa he in encourage domestic trading which Majesty's. Navy lives up to its re-see the question as it affects not fall since January 1 is 4.11 inches took, 'on certain days allowing him- should ultimately be to the benet putation of the Silent Service and perhaps their own interests but as compared with an average of self five hundred and twelve, on, others six hundred and forty. of the Company's Yangtze and behind the scenes it continues to those of their Corporations, or State, 7.44 inches.
Sometimes he abandoned the count give every assistance to British or Country. For example it is logi-; Rates Reduced.
Shipping on the Coast and Rivers, cul that Nevada should want higher The Arts Association of the and let his mind gnaw at his grieve From Northern to Southern ports for which I acknowledge our grate-silver, it is. I believe that State's University will hold a meeting on ances once more. our regular Lines were fairly well fut thanks.
second industry, and the protagonist Monday, April 16 at: 8.30 p.m. in This afternoon he, was thinking supported as far na volume goes but As the Report of the Directors of a great silver producing Corpora-the Union Assembly Room when of the fifty shillings Nancy had the year witnessed the incursion of states the old buik "Mel Nam" was tion has been very voluble on what Mr. H. C. Macnamara, LL.B. will spent on a dark green skirt and newcomers and to maintain our post-sold and replaced by a new Pontoon is often called the rehabilitation of lecture on "The Causes and Con-coat a week before the bronchitis tion in these Trades rates had to be Hulk to maintain our landing and the white metal, a Jorid phrase duct of the Civil War in the United laid her low; he had only been able reduced. Return voyages were up shipping facilities on the Yangiazo which I deplore.
The "Changwo" which had reached the 'The greatest decline in business venerable age of 42 years, was also occurred on the Yangtsee for the disposed of, and replaced to some rensons already given and compell-extent by two Bulk-Oll Lighters
Coastal Services.
to average and competition was not at a high state of efficiency.
so much in evidence.
tion there was at its worst us in the which were laid down, last year and previous year when I commented on delivered recently.
Ar-
I feel myself that it is use- less to boost silver unleas other commodities go along with it for I must remind my Usteners that while silver fa a currency to China and Hong Kong it is a commodity to the rest of the World.
|
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States (1861-1865)" All interested to get six shillings for it-fashions and bottle-green are welcome. Tea will be served had changed after the meeting.
wasn't the favourite any more, said, the purchaser. And Nancy had Two cases of small-pox, one case never worn the clothes," But na ha of diphtheria, one case of typhoid, angrily amole the pavement with and four cases of meningitis have his stick, a fragrance curled round been reported to the Medical his nostrils like a soft plunte, hung the senseless rate cutting by people" To complete our receiving
Omcer of Health during the 24 around them deliciously for who ought to realize the futility of rangements, for Wood Olla small I think specifically that if silver hours ended. April 9.
moment or two, and then danced! away with the April breeze. this polley,
Pontoon was also contracted for goes up without its confreres then The India-Japan Service showed's which will be installed shortly at business In China will be made very,
An interesting ceremony took
He aniffed sharply, Jifted his head allght improvement over the pre-Chungking. Turning to the list of difficult indeed. For China is not a place at the new Po Leung Kuk and turned it with haste, as if to vious year, as trade between these the Company's Fleet, Shareholders wealthy country, perhaps more ac-building at Caroline Road yesterday, recall the exquisite odour put of the two Countries, and at intermediate will notice the inclusion of the curately her wealth is frozen. She when Mr. Ng Wah, J.P., who had breeze. Then the fragrance re porte, revived somewhat and with "Hein Changwo This is not a new must depend on her exports for her been previously connected with the turned, but it came from in front the rise in commodity prices of vessel murdy the renaming of the prosperity and while these have not Institution, was inducted Principal of him, borne on another sprightly Malaya's chief exports it, is hoped "Kingwo" to satisfy the susceptibl- been good I fancy they are a great Member of the Committee of Man-waft of wind. He looked quickly that the Stralia Government will lities of our Chinese Supporters fol- deal better than they would have agrement. Those prosent Included ahead. It was the authentic odour, relax Its immigration restrictions lowing, a run of bad luck on the been at two shilling dollar, And the Hon. Mr. S. W Tao, Hon, Mr. delicious and full of reminiscences Kong, Canton and Macao Steam-three days, is also denied by Mr.
T. N. Chau, Mr. Kwok Blu-lau Ti for Ivor which would assist our Dack Passen- Upper River. While she was 'lald on "China's prosperity wo depend
Vick-mut, and others xer Earnings
up last year the opportunity was (Continued on Page 2).
Brat, & (Continued on Page 30'
KINSHAN ARRIVES IN COLONY.
Canton Strike Threat Rumours Dispelled.
at 2.45 Central, this afternoon o'clock, from Canton, thus dispel-" jing,any, rumours of a strike In
Canton this morning.
The report that an ultimatum was delivered to the Company by? the Seaman'a Union demanding the re-instatement of Captain E. The a,a. Kisahan, of the Hong W Matthews as master within
boat Company, arived at the Com-H./da: Lus, the Secretary of the
wharf, Connaught Road Company.