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THE HONGKONG DAILY, PRESS, TUESDAY, NOVEMBER 25TH, 1924
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel. Central 238.
2, Queen's Buildings.
SOLE AGENTS FOR
BELL'S UNITED ASBESTOS CO. LTD.
MANUFACTURERS OF
"Vistor Metallic," "Dagger," "Quadruple” and.
“Roofer" Packings
Bell's Asbestos Compositions.
“Salamander" Engine & Cylinder Oils.
"Salamandarite. Jointing."
QUEEN'S THEATRE.
TUESDAY & WEDNESDAY, Nov. 25th & 26th,
at 5.15 & 9.15 p.m. Only.
METRO PICTURES CORP.
PRESENTS
ALICE LAKE
IN
"THE GOLDEN GIFT"
A Treasure Story of Love and Ambition.
“THE KIÄNGSU-CHEKIANG WAR”
2nd Series
Also by Special Request
RECENT
CANTON DISASTER ”. By Pathe Orient.
-PRICES OF ADMISSION:
At 5.15 p.m.-80 Cts., 50 Cts. and 30 Cts. At 9.15 p.m.-$1.20, 80 Cts and 40 Cts.
Soldiers and Sailors-Half Price to 1st and 2nd Classes,
XMAS CIGARS
TO SEND HOME
THIS IS THE MÔNTH TO POST YOUR XMAS PRESENTS HOME WE SUPPLY THE BEST BRANDS OF CIGARS AND PAY, THE DUTY.
A GOOD CIGAR THE EVER WELCOME GIFT.
ABAQUERIA FILIPINA
LEADING TOBACCONISTS, OPPOSITE QUEEN'S THEATRE
TOP NOTCH
King George IV
WHISKY
The TopNotch of Scotch is reached in
"King George IV."
Sole Agents: GANDE, PRICE & Co., Ltd., HONG KONG.
TRADE AND FINANCE IN
CHINA.
REPORT BY BRITISH COMMERCIAL COUNSELLOR
In a report on conditions in China down to June last Mr. H.-J. Brett, Act- ing Commercial Counsellor at Shanghai, remarks that the financial situation in China has continued to deteriorate, and that the outlook is moro hopaless than it was twelve months ago. The Peking Government is bankrupt, and has made no effort to meet its outstanding un- secured foreign obligations or, such of its internal debts as have not been secured on the surplus of the Customs revenues. The Central Government is nominally entitled to the revenues from the Customs, the salt gabelle, the wins and tobacco taxes, and the stamp tax; but the Customs re- venue, after providing for the service of foreign secured loans, is hypothecated for the payment of interest and amortisation on internal loans, and the actual surplus available is insufficient to meet these charges. As regards the wine and tobacco taxes and the stamp tax, only a small proportion of the revenues collected actually reaches the Central Government, the bulk being retained by the various provincial authorities; and apart from a few minor taxes levied in the metropoli-
tan area, the Government is therefore, CE WARREN & CO., dependent upon such funds as can be
released by the salt gabelle.
While the total revenue from Balt was estimated at $85,000,000 in 1922, about one-third of these funds was comman-
i
to various
LTD.
SANITARY ENGINEERS,
MONUMENTALISTS
2
deored by various provincial leaders, OFFICES 310, WYNDHAM STREET, and a considerable balance
was hypotheendertion of the creditors, so that the amount released to 0. 269. the Government was only half the above total, and out of this, heavy subsidies had to be paid to the military authori ties. A recent investigation by cial commission gives the amount actually available for administrative requirements
as only $7,000,000 per annum, whilst the aums required for administrative and military purposes amount to $198,000,000 in other words, the Central Government's expenditure amounts to more than seven- teen times its income and this, of course, without taking any account of China's heavy indebtedness to "unsecured foreign and Chinese creditors.
trai
the
ATTEMPTS AT RESCAGITATION. There has been much discussion as to the possibility of devising a plan for the consolidation of China's foreign and domestic liabilities, and investigation as to, the total amount of these debts and us to the possible additional sources of revenue to meet the service of a funding loan is still
The scheme to proceeding. pave the way for the reform of China's currency by the
mint at Shanghaishment of a cen- has made no pro during
owing to year of funds to complete the installation and to take delivery of the machinery. Mr. Brett suggests that it is very doubt ful whether, under present conditions in China, the establishment of this mint will have any appreciable effect in unifying China's currency unless some means can be found to control also the output of the other provincial mints, and unless the new institution is to be directed on such lines as to gain the confidence of the for- eign banks.
COTTON MILES.
The year 1923, Mr. Brett says, was the worst experienced for many years by China's cotton-spinning industry, and at the time of writing-inst June-it could not be said that the prospects for 1924 were more favourable. Only one of the British-owned companies was in a posi tion to declare a dividend, and most of the Chiness concerns are little removed from bankruptcy. Merchants are of op inion that if sufficient security existed in the interior markets to admit of the free movement of gooda, the demand for yarn. would keep all the local mills busy. and offer 5 market for considerable quantities of Indian and Japanese yarns.
present, however, there is virtually no business in imported yarn and many of the Chinese mills are closed, while the remainder are curtailing production and working at 陇 loss.
The
high
price of cotton, the watering
of cotton-18 to 25 per cent of moisture
17
HONGKONG.
ESTIMATES FREE FOR COMPLETE
SANITARY INSTALLATIONS.
HOT WATER SYSTEMS, &c. SPECIALISTS IN MONUMENTAL WORK
CUT THOK" ITALIAN MARBLE-POLISHED AND/00 FINE PUNCHED HONGKONG
GRANITE.
ARTIFICIAL WREATHS IN STOCK. (1455
HONGKONG SHARE MARKET,
CLOSING QUOTATIONS.
IM
Hangkang >Banks
Canton Insurances
Novkkkas ŽÍTH, 1924. and Shanghai
*********$2,170 b
$725.b. Union Insura061 «................. $262 nom. Hongkong Fire Insurances .. 1560 b. Douglas Steamships.. 360. ELK Q. &
M. Steamboats...$34 b., 834) am. Btar Ferries...
$115. Chins Sugar......*****
,595 DOM. Langkada (Combined) Tla, 189 ↑ Kowloon Wharves ......$200 b., $206/207
$1514/$153 95. Tis. 98 b. Tia, 99 sa. The 6.60 5. Tia. 195 b.
...$1054 85.
(Docka
ghang Docks Boering en 16
Now
Wharves.
Boring Hotels(old)$194 nom. (new)$18) b.
Humphreys Estates
Ewo Cotton Mills...Th. 11 b, Tiz. 11) sa. Shanghai Cottons
*****. Tia, & b. Cements (combined)... $23) b., $233/234 km. Hongkong Eopes (combined) $60 nom. China Providents...(combined) $34) nom. Dairy Farma
3244b. Waterbosta SAADECCOME-17) b. Watsons......... (old) $22, (new) 13 rota. Hongkong Electrica ...
Uftims Lights
M....hits..
Hongkong Trams 48. Paak
.)
Shellys........(old) $28 nom.. (new) $71) b.
Transporta.....84/6b.
bubuyers; a—sellers; sa—sales-
SHELL DIVIDEND.
being added in some cases and the in and China advise us that they have re The Chartered Bank of India, Australia ercasing disposition of native cotton merceived the following telegram from their chants to repudiate their contracts when Head Office in London: Shell Trans- the market goes against them have con- tributed to the difficulties encountered. port and Trading Company declared Ia- Moreover,
terim Dividend at the rate of 2/- per were established when the cost of
areas in China.
WORLD THEATER.
of the finest actresses and almost the
Without doulit Diana Karenis is ons.
many of the native chinare free of income tax, payable 5th sey, building, etc., was at its highest, No. 4437
January. Bearer coupon to be presented. and the milk stand at a cost per spindle which makes it doubtful whether they will ever pay their way. These remarks, Mr. Brett says, apply more patrienlarly to "the mills in or near Shanghai Hankow reports state that the mills in that neigh bourhood, all Chinese-owned, are fairly prosperous, as they have the advantago most beautiful that the cinema art has of proximity to the best cotton-growing Marie Antoinette in "The Martyr Queen
produced. In her hands the part of
pulsates with a vividness seldom visua- lized Certainly, in this instance, the actress has, the assistance of a notable producer, for the producing alone of The Martyr Queen" is something un- usual in the way of accuracy, restraint "The Golden Gift" Alice Lake's latest an artist's sense of the beauty of the Yer- and perfect good taste, all joined th starring picture for Metro, which is show sailles Court and of the women of that ing at the Queen's Theatre, to-day, pre time. The dressing of the woman in the outs this youthful star in one of the play is a joy itself; there is not a false most dramatic productions of her serten note or a jarring one struck in the whole career. It is a photodramas of unusual ten parts of the film. The work of the power and action which pictures the ad actor who portrays the Dauphin is some- ventures of young opers singer who, thing more than merely fine histrionio deserted by her husband, attempts to art, and as a fpil to the beauty and the trian woman," is per
and high
spirits of
CINEMA NOTES.
QUEEN'S „THEATER.
Car & living for herself and child by per vivacity that forming in a border safe. But the child Marie,
is a hindrance to her career, and while fect. The story in different from most tho mother becomes a famous opera sin film productions of the French Revolu- gor the child is left to strangers. At the tion period, and here wo get a better height of the singer's career the child glimpse of the lack of thought and not. unexpectedly appears and plays a thrill. ing part in a romantic situation. Missack of heart that caused Marie in the Lake has a notable cast supporting her. that another world, hungry and down- years of her marriage to forget By special request the Blin Canton trodden and ready for revolution, was Dissater will be shown again together outside the palace gates. The Martyr with another news rocl on the late Queen will be shown at the World
Kiangau-Chekiang War
Theatre from to-day.
17
A happy good nature
If everyone did a bit towards making condi- tions better for others less fortunate, there would be more happy people, sir.
I could have kept my discovery of Kensitas to myself, sir, but I wouldn't have been happy.
I simply have to tell you that Kensitas is the only cigarette to satisfy a gentleman of your discriminating taste, sir.
Kensitas
Manufacturers:
the preferred cigarette
e
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Jenkyn
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