Page
THE UNITED ÅSBESTOS ORIENTAL AGENCY, LTD.
Tal, Central 238,
ADENTS FOR
3, Queen's Buildings
BRIGG'S BITUMINOUS ENAMELS & SOLUTIONS.
SOLE AGENTS FOR • -
UNION"
ANTI-CORROSIVE and ANTI-FOULING COMPOSITIONS
FOR SHIP'S BOTTOMS.
RADIO.
"TUNE IN" with a RAY-O-VAC "B" Battery using at the same time & RAY-OVAC "A" Dry Cell Battery for your Filamenta See how clearly the signals will come in.
The National Budia Engineering Company of Atlanta, Georgia, covering an investigation made by them in the interest of Railway Electrical Engineers, report that
The Battery is the most important part of the radio apparatus, and many causes of trouble in instrumenta are often caused by poor batteries... We have found only one make" of Battery that is an constructed that satisfactory service can be obtained on heavy duty such as work of the class we are undertaking. The RAY-O-VAC" Batteries have stood all the tests and bave They proven their construction and material by actual use. have proved ABSOLUTELY SATISFACTORY IN EVERY WAY.”
These Batteries are now obtainable from:~
DE SOUSA & CO., LTD.
7TH FLOOR, CHINA BUILDING,
TEL. No.-CENTRAL 1964.
UNUSUAL OPPORTUNITY for A SHORT TIME ONLY
A Select Assortment of
DRAWN WORK
AND
LACES
20 BELOW ACTUAL COST
AT
"DO BE CHAIRFUL" COMPANY
'51, Queen's Road Central
GREEN ISLAND CEMENT CO., LTD.
Best Portland Cement
SHEWAN, TOMES & CO.,
GENERAL MANAGERS,
HONGKONG.
Mr. & Mrs. MARTIN JOHNSON'S
TRAILING AFRICAN WILD ANIMALS.
ADVANCED OPTICAL
KNOWLEDGE
Intelligently exercised in Eye Examina. tions and in the Production of Quality
Consult Us about Your Eyes.
CHINESE OPTIO
CO.
Refracting Opticians.
67, QUEEN'S ROAD C.
ALLIES.
All Discriminating
Smokers
THE
HONGKONG DAILY PRESS, THURSDAY, MAY 8TH, 1924
COMPANY REPORT.
BRITISH TRADERS INSURANCE
י
CO., LTD.
CANTON TAXATION OF SHIPPING FREIGHTS. BOAT OWNERS PROTEST. The Evening Star (Canton) states pem Three hundred and fifty shipping mer chants, boat owners, and others effected increase the The Board has now to lay before the by the recent order to ahareholders a balance sheet containing freight rates by 20 per cent: in order to
The report for presentation to the shareholders at the fifty-eighth ordinary meating states 2-;.
a summary of the properts and liabilities turn over the extra charges to the miliT of the Company on December 31st, 1920, and a statement of accounts to the same try authorities for war rrposes peti tioned the Generalissitno and other date.
to repeal the order O officials May 3rd. The shipping interests stated that shipment Dawadays has been much account of frequent piracy delayed on
19 Account-After payment of the interim dividend of 0 per share and the bonus of 20 per cent, to contributors passed at the last annual resting, there remains a balance of £149,779, 184, 88, a per annexed statement.
The Board recommends that this sum be appropriated as follows!--
A final dividend to share-
holders of 5/- per share
оп
and commandvering of vessels; that the shipment of poultry and fish and veget able products will be interferred with if the order to report for inspection about military charge of freight and the
on 00,000 shares.400.0.like is to be obeyed: that protection of
To be carried forward to
the
anderwriting suspense account to close Recount for the year
1
.... 111,0.10.8.
£140,779.19.6.
193 Account.-The "balance of working account on December 31st, 1023, was
D
DAUGHTERS
OF THE RICH
A GASNIER PRODUCTION
Do They
?
Want Me
For Love
or
shipments in aa ordinary duty of the Money?
A
Lovernment, and such a protection should not be covered by special charges; that further collections of charges on native bottoms will surely drive the trade to foreign ships which are being per- mitted to run without being subject to likin of the Chinese Government; that{ he per cent. extra rate collected to be tired over to the Government im- ping business in which much freight The Board recommends that an interim being sent on account, 8, collect on dividend of 9/- per share be paid to delivery without immediate collection of shareholders, absorbing £42,000, that charges; that the heavy fines exacted on bons of 20 per cent. be paid to contri- false reports of collection will put too. butors, absorbing, about £25,000, and that great a risk on the boat owners, as some the remainder be carried forward.
employés on board may easily put their Directors. Since the last general employers in danger by simply making meeting Mr. A. D. Lang, Mr. G. . Dodan error in the calculating of charges. well, Mr. E. V. D. Parr, and Mr. G. T. Edkins resigned from the Board on leat ing the Colony and Mr. J. P. Warren, Mr. C. G. S. Mackie and Mr. G. M. Young, have joined the Board.
£254,921, 19.1. as per annexed statement,mediately will interfere with local ship.N
In accordance with the Articles of As sociation Mr. D. O. Russell and Mr. J. A. Plummer retire bas offer themselves for re-election.
Auditors.-Messrs. Lowe, Bingham & Matthews, and Mrs. C. Bernard Brown, Chartered Accountants, retire, but offer themselves, for re-election.
THE GOLD**FARCE." PROFESSOR ELLIOT SMITH ON . USELESS YELLOW' METAL,”
Professor G. Elliat Smith, F.RS., "re- cently published by The Times a jetter on Gocaturies of gold addressing the Aldwych Club on the subject of gold currency anid that having got on moderately well for nine years without gold currency, even if we recognized it as the hidden foundation
DIVIDEND ANNOUNCEMENT. MESSRS. LANE, CRAWFORD, LTD.
The accounts of Messrs. Lace, Craw ford, Ltd., for the past year show a balance standing 'to the redit of the profit and lose account amounting to
7,987.47. after allowing for deprecia tien, bad debts, etc..
The Directors as a meeting held on Tuesday resolved to recommend disposal. of this amount ae. follow:**
(1)To place to reserve $100,000.
To pay a dividend of $1 per share. cbsorbing $125,000. (3.) To pay a bonus of 50 cents pṛr
share, absorbing $69,300.
(4) To pas a bonus to the staff of approximately 10 per cent. on salaries and to carry forward. the balance to the new account. The annual meeting is to be hell on May 98th...
•
of financial stability, the question aros HONGKONG SHARE MARKET whether the metal was really evential for
the maintenance of civilization, apart from the temporary circumstance that America seemed ready to accept and to bury in its vaults the world's suppi mé rold
Having traced the creation of the arti- ficial value of gold the Returer conclud ed:-
The chief factor in determining cen tres for settlement in Africa and Asia, in Europe and America, has not been origin- ally their attractiveness of fertility, but their richness in gold, precious stones, and metals, The prospector has laid the plans of civilization, and miners' camps were the instruments whereby the different coun tries of the world were inoculated with the germs of culture.
"The exaggerated value thus attached to the ueless yellow metal made it the chief material of tribute 30 centuries uge, and a few certuries later it became the material of currency. Thus its power for good and ill, for facilitating the beneficent work of civilization, and for developing new possibilities for greed has dominated civilization for 25 centuries. Now that circumstances have curtailed its value as currency and created the paradoxical of waste of energy, whereby vast numbers people, mainly in the British Dominions, are digging out of the earth this substance mainly to enable Americans to bury it again in their subterranean vaults, the question arises whother this farce -hould continue.
TOO MUCH GOLD. TWO-FIFTHS OF WORLD'S SUPPLY IN U.S.
Like King Midus, the United States is aflicted to un increasing degree with the curs of too much gold. According to the agonal report of the Federal Reserve Board, her monetary stocks of gold now Amount to £30,233,000-two-fifths of the world's supply and more than the total aniount of the British debt to her..
The Great War before she entered it added greatly to her gold stocks. In the five years since the war ended she has received an additional £32,558,000 in Bold,
Last year ber net gold importa amounted to £09,372,600. 304
The flow of roki. her coffer seemingly cannot be stopped. Eer trude exporta last month wer £85.150,000, or 213.718,000 more than in the same month last year, Of chir. £48,680,000 went to Europe, of which Britain's share was £17,240,000. Europe in return went her only £23,211,000 worth of goods, and of this Britain sont only £6.031,100, apmewhat less than in the same period last year.
A picturesque fraction of the Midas pro blem with which Amerien is confronted. is now being solved by hor goldsmiths, who, with their customers rolling la money, are devotinjects of art in gold. attention to the manufacture of Europe used to be the rentre of the gold- smith's art, but her place is now being rapid taken by America. Since the be guning of the year American goldsmiths have bought gold metal from the Govern HONGKONG CICAR STORE LTD,t at the rate of £1,000,000 a month, converting it into omamente instead of coin.
and the-
CLOSING QUOTATIONS.
Bauks
Canton InsaTADCEA.
Union InTSACON
D
AT
With a Preferred Casi GASTON GLASS MIRIAM COOPER STUART HOLMES
RUTH CLIFFORD
T
ETBEL SHANNONM
JOSEF SWICKARD, TRULY SHATTUCK
VOLA VALE
PREFERRED PICTURES
R
R
QUEEN'S THEATRE
Telephone K711
(PLEASURE HOUSE DE-LUXE).
BICYCLES
Telephone
K711.
-."
LADIES', GENTLEMEN's or TandeM FOR HIRE OR SALE. NEW RACER JUST ARRIVED- Excellent Opportunities for Competants in Bicycle Raccs.
HANG LEE CYCLE CO.,
39, EUPHONG Ross, KOWLOON. Next to PALACE HOTEL.
PIANOS FOR SALE OR HIRE.
TSANG FOOK PIANO CO.
Mat 7TH, 192
$720 1
TXL. 2127.
$241.1..
Hongkong Fine Lasurances b.
"Star" Ferrics
China S
Langkats (Combined) Kowloon Wharres Docka Flocks
Whampo
3150 nomine!
Ta. 93 nominal
b.
Hongkong Hotels $11! (zew).817) (old) b.. Humphreys Estates Eve Cotton Mil Cements
China
Dairy
Roj
Faris....
$92 M. Tis. 111 b $23) (cld) $55(new) b.
sazi b.
$4.60 (new)
Electrics. China Light 5,60 (old), 30 (new)
$35 b Hongkong Trams.....
$171 b. Peak Trairways
Shell Transports........ ..93/-b.
60/- ex. dir. b. b.-buyers; 1.—echos; samsales.
Kailans
Frederick
One of the best of Sir Bridge's stories, is of an old peer who, when singer at the Chapel Royal had finished an indifferent rendering of the phrase, "The ungodly have laid a snare for me." ejaculated loudly, "And I wish, to Heaven. they'd caught you fr
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THE FAR EAST OXYGEN AND ACETYLENE CO., LTD,
DEALERS and : MANUFACTURERS of · Oxygen, Acetylene, Carbonis Anid, Ammoniao, Anhydrous sulpurons gazas, Carbide
01 Calcium, Motor Cycle soetylane tanks, and all, noocasary
equipment for low and high pressure:antogenous wilding.
Autogenous welding of all metal by Oxy-doetylenio
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Apply No. 30, Des Vax Road Central, 2nd Floor Tel. Central No. 2466.
Prompt refiling at moderste prions of all kinds of
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