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ON ALL MACHINES YOU ORDER.
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POWER SAVING. NO HOT BEARINGS, SELE ALIGNING REQUIRE LESS ATTENTION.
THE UNITED "ASBESTOS ORIENTAL AGENCY, LTD SOLE AGENTS FOR HONGKONG.
Tol. Central 336
THE HONGKONG DAILY PRESS, MONDAY, AUGUST 25TH,
Address: 2, „Queen's Buildings,
BETTY COMPSON
Whose First Stellar Production
"PRISONERS OF LOVE"
will be shown at the
QUEEN'S THEATRE
(Best, Biggest, Coolest.)
Commencing MONDAY, 25th Aug.—THURSDAY, 28th Aug, at 2.30, 5.15, 7.15 & 9.15.
Cinema-goers must not fail.
to see it.
Book Your Seats Early!
PHONE C. 46936.
"
USUAL PRICES.
BOOKING AT THEATRE
M. Y. SAN & CO., LTD.
MANUFACTURERS
OF
PRESTAYED CHOICE ZLECTED
BEST YOUNG STEN GINGER
THIS SIDE UP WITH
MY. SAN & CE
BEST PRESERVED
MADE IN HONG KONG
STEM CINCER.
HEAD OFFICE: Noa. 99 to 100 Queen's Road Central
FACTORY: Canton Road, Kowloom.
Y.SAN 10!
MONG KONG
BRANCHES AT: Manila, Singapore, Shanghai, Canton, China.
We specialize in Pipes, leading patterns, novel assorted
shapes and best finish.
Inspection_invited.
ABAQUERIA ILIPINA
LEADING TOBACCONISTS, OPPOSITE QUEEN'S THEATRE
HONGKONG RACING RECORD (FORM AT A GLANCE).
JUST PUBLISHED.
Obtainable-Price: Five Dollars from Meners. U. RUMJAHN, 4, Queen's Road Central
HONGKONG SMALL INVESTORS SHARE & REAL ESTATE "CO,
Hotels old
ASIATIC BUILDING (Zad FloDK), *;
WK SELL
17.00 Coments new
6.10.
1.00 Providents old 16
TEL. 6. 4830.
WE BUY
914 Dairy Farms
273 Waterboatu
Bimboats Chins Lightn Cemonis, now S'pore. Trams M. Rate B'kong. Eleo.407.
Underwriters.....
9.80 Union Insur
1.75 2281
Territorials
Whart
6.00 E kong, Banks 1,185
Peak TramS
213 Providents now - 5.10
פגע
તન
Watsons Tuga Humphreys AND VARIOUS OTHER LOTS Prospective buyers are reminded that sales or purchases of lots mentioned depend
upon our clicgie and market fuctostions,
SINGAPORE TRAMWAYS. EXTENSIVE SHARE SALES · TO TIONGÉONG.
An Old Eastern Besident writes to the
WANTED.
AN Experienced TYPIST
1178)
Apply Box No. 11, cja Hongkong Daily Prosa.
1921
WANTED.
Experience and
DEACONS,
Solicitors.
Salary
polling
| China Express and Telegraph (London); -It occurs to me that the enclosed copy of an editorial taken from Truth may be Eficient STENOGRAPHER-Apply
stating of considerable interest to your Eastern readers, likewise to renders resident in Britain who are interested in Eastern matters.
The price of the 5. shares has been "rushed up in the past few weeks from to their present prive. "round. Od.
Financial circles here report that large numbers of tho shares are being sold by London interests to people in the East, particularly to Hongkeng; and in view of the price at which they are being bought. opinion of those close" to the Company is that this can only be due to the facts of the reorganisatien scheme "not being properly known to buyers. while the pos sibility of misleading informatics having. been distributed by interested parties is. also hinted at.
Required to
11661
TO LET.
PEDUER STREET INGLE Roomel OFFICE on 1st Ficon,
Apply PROPERTY OFFICE, JARDINE MATHESON & CO., LTD.
SB
TO LET.
BOP AND OFFICES, No. 12, PO
STREET Apply at the PREMISES,
(100
TO LET AT WEIHAIWEL YOMFORTABLY Furnished ROOMS with
South at the present price of 4s Let at present. Something of the kind is obvious when
the 5 shares, the equivalent price of 40 new £1 shares works out at £144, whereas each £100 debenture stock, now selling round 81, also gets 40 new £1
Sary shares plus 70 in new 7
Cumulative Preference Stock The disparity is most striking. and if the Eastern buying continues it certainly
8427
Apply→→
S. NIVEN,
-WSIHAIWAL,
lacks as though the buyers may lose very G. E. WARREN & CO., LTD.
substantially.
I send the information as an old East ern resident, knowing from somewhat sad experience how losses can be caused people in distant places through lack of information.
[Exelonure.}
a
at the
Singapore Electric Tramways-The 3 ordinary shares of the Singapore Electrici Tramways, which formerly stood at some thing less than half-a-crown each, had sharp rise lately, and on Monday last were dealt in at 9s. The movement looks like a market rig." and apparently is not justified by the re-organisation scheme lately passed. Under this scheme holders of 320 of the old 5. shares get forty new El ordinary shares, and price lately touched by the old these forty new shares would be worth £3 12. each that is. £14 the lot. But each £100 of the p.c debentures also gets forty new ordinary shares of £1 each, yet the present market quotation of these
is £31. "If there is any` justification for the uk ordinary shares standing at 8s, or as each, there is cer tainly no justification for the 5 p.c. de- bentures standing ut cely about £81. especially as they also get £70 of 7 p.c. preference
the nhove. scheme.
shares under
That the 5s, ordinary shares are not worth anything like the recent price appears to be borne out by the fact that under the reorganisation scheme one-half of the profits must go to the new mann- the "gement before anything can accrue to reference or ordinary shareholders. think the movement affords an excellent No. opportunity for holders to get out, dividend has been paid on the shares since 1917-Trath London, July 3rd. 1924, page 165.
THE COAL TRÅDE OF HONGKONG.
Mr. Lekoy Webber, U.S. Consal in recent report says: ----
Ccal importe-about 69 per cent, of which were bituminous into Hongkong for the year 1993 amounted to 1,403,491 Tons, as compared with 1,048.175 tons in
Manchuria,
SANITARY ENGINEERS,
MONUMENTALISTS,
OFFICES 31D, WYNDHAM STREET,
HONGKONG.
TEL. C'. 269.
ESTIMATES FREE FOR
COMPLETE
SANITARY INSTALLATIONS.
1.
HOT WATER SYSTEMS, &C.
*SPECIALISTS IN MONUMENTAL.
WORK
CUT FROM
ITALIAN MARBLE-POLISHED AND/O FINE PUNCHED HONGKONG
GRANITE. ARTIFICIAL WREATHS IN STOCK.
เม
Let Us Help Your Child
We examine eyes scienti- fically and fit Glasses cor rectly when nećděd.
CHINESE OPTICAL CO., SPECIALISTS,
67, QUEEN'S ROAD CENTRAL.
COTTON MILL FINANCE. -
SIR WHOPWOOD ON DEALS
WITH SIR J. LEIGH. ` The public examination in bankruptcy 1820 and 1,175,871 tons in 1921 About 33 took place at Oldham recently of Sir cent. of the bituminous conl comes William Hopwood, of Shaw, near Old- from Japan, 31 per cent, from Formosa ham, who had prominent part in the and adjacent islands, and the reminder cotton boom of 1919-1920. From North China,
All of the a- He said that he was assisted in his Africa, and Borneo. thracite coal comes from French Indo. purchases af cotton mills by Sir John China, with the exception of about 10 per Leigh, nor companies being formed to cent, which is supplied by Great Britain pay for the shares. Bo generally re- for the use of the British Navy. Aboat ceived £10.000 for bis share in each tran- 25 per cent, of the local coal imports are saction. Some of the prolits Sir John re-exported to near-by ports for use by Leigh received were: Gem Mill, 260,000; small river steamers, and launches and Irwell Bank, £31,000; Junction Company,
£58,000; Lark Mill, £82.000 by manufacturing plants.
Consumption of coal by the river steam. ers has decreased. This has been offset. however, by the increase in the demands by the coastal steamers and the manu facturing industries of Hongkong and Canton. Although fair stocks are always maintained st Hongkong, very little bun- kering is done at this port by ocean stowners, which, as a rule coal at Japan- cse or North China ports at a cheaper price.
TRADE UNION SLUMP.
2 MILLION MEMBERS LOST IN TWO YEARS.
The reason for his failure was guaran tecing bank overdrafts for cotton mills and depreciation in the value of shares in the milk, owing to trade depression. The examination was adjourned until October 17th.
UINEMA" NUTES.
THE CORONET.
Local cinema-goers have their last op portunity this evening of seeing the great adventure film "To Have and to Hold" which has been drawing interested audi- ences to the Coronet Theatre during the past few days.
WORLD THEATRE. There's a chuckle for the glum, and laughter in plenty for the light-hearted
The membership of registered trade unious of Great Britain, which reached nearly 7,000.000 in 1920, fell to 4,500,000! in 15, according to a report just issued by the Chief Tegistrar of Friendly Soci in etics covering the year 1922....
Broadway or Bust," the new Boot! Gibson comedy at the World Theatre. Their funds still exceeded £10,000,000. The story, written by Edward Sedgwick, During 1999 they expended more than £8,000,000 in unemployment. benefit, which, says the Chief Registrar, follow ing on the £15,000,000 expended in the preceding year, serves as some indica tion of the extent of trade depression
The amount disbursed in dispute bene fit was smaller than any year since the
who directed the picture, and Raymond L. Schrock, reflects the experiences of a pair of cowboys who crave to see Broad way and whose dreams were fululled by "coming into a sudden one of them fortune." Hoot dominates the film. as Dave Holles, the cowboy who sells his ranch for a fortune. There's a coat love story between Holles and a pretty girl, The Registrar observes that, as played by Rath Dwyer. The kick of the result of misunderstanding, in can or film is the scene in which the boys ride two euses rauneys belonging to general up to the Fitz" hotel on horseback funds were applied to the furtherance of and engage a suite of rooms for them- political objects, but such syms will be selves and their saddle horses. The botel's refunded.
war.
A new departure. so far as trade unions are concerned, was the adoption by one union of a scheme of collective life assur ance of its members with an insuranco society.
publicity man plays the matter heavily, and the boys are invited out with the Blue Book squadron Gibson is fast taking his place among the screen's' highest rate comedians, scoring hit after hit in the comedy type of films.
Apollinaris
THE QUEEN
OF
TABLE WATERS
DONNELLY & WHYTE.
THL 696.
SOLE AGENTS..
GREEN ISLAND CEMENT CO., LTD.
Best Portland Cement
SHEWAN, TOMES & CO.,
GENERAL MANAGERS,
HONGKONG.
THE STANDARD OF EXCELLENCE THROUGHOUT THE EAST.
QUALITY FIRST
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'Phone Central 763.
EXPANDED METAL
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