Page
THR
HONGKONG DAILY PRESS, SATURDAY, JANUARY 16TH, 1926
HONGKONG STOCK EXCHANGE.
CLOSING QUOTATIONE.
INDIA'S TRADE.
Hongkong Bank
January 15th, 1998;*. . 1,060 bar. 1,063 đầu Do., London£127 1. Chartered Bank.. nom. Marcantile Bant, A. & B.£29 nom
Do.,
List nam
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
SOLE AGENTS FOR
PUDLO
Makes Cement Waterproof
FEUSOL"
The Immovable Fire Cement.
P. & O. Banking East Asia Bank.
Canton Insurance.
China Underwriters
Tel Cantral 335.
*mon far*
.3590 buy.
nom.
Ta. 145 nom. $253 buy,
North China Insurance
Union InstruLICO
Yangtze Insurance
..$85 bay.
China Fire Insurance
$165 buy.
......$33 aal.
Hongkong Fire Insurance...2000 sel. Douglases
F
HE, U. & M. Steamboats ...$24 buy. Hongkong Taga........ Indo-Chinas (ref)35 nom. (Def), Lontion...845 nom. Hongkong $45 nom.
Shell Transporta
2, Queen's Buildings."
62.
Waterboats......
Star Ferries.............
ANCHOR BRAND
PURE MANILA ROPE.
"THE CORDAGE YOU CAN TRUST."
MARINE ROPE
TRANSMISSION
OF POWER BOPE
CABLEFLAID HAWSERS
WELL DRILLING
CABLES
ESTABLISHED. 1854
YNCHAUST
ROPE
FACTORY
MANILA
ROPES OF ALL
SIZES FOR ÁLL PURPOSES
2-
MADE FROM
PURE MANILA
HEMP
MANUFACTURED
BY THE MOST
MODERN MACHINERY.
STOCKS ON HAND OF ALL SIZES. ENQUIRIES SOLICITED.
HONGKONG OFFICE:
FACTORIES:-MANIDA, P.T. -
KING'S BUILDING. TELEPHONE CENTRAL 3165,
18
Banks
INVESTMENT SELL:
Canton Ins. 200/500 L. Crawfords
Oriental Navigations ...........
China Sugars
Malabon Bugari... Benguets.........
Kallan Mining Ad........... Langiste (combined) Do. (single) Shanghai Expurstions. Shanghai Low
Tronah Mines.
Ural Caspians
H.K. & K. Wharfs... H.K. W. Docks
Honglow..... New Enginerings.. Shanghai Docks H.K. & S. Hotels (old).. Hongkong Lands ... Hongkong Realtys (e.p.) H.K. Teritorials (f.p.)... Humphreys Eaustas Prince's Buildings,. Bural Landa Ewo Cottons
Orientale........ Shanghai Cottons (old)
Do.
Amusements
Canton Ices
Cements (combined)......
Do.
Do.
Chine Buses
99/- nom.
$60 EL
$16 buy
1250 nom. .481 1.
443 nom.
.$1.90 nom. 45/- nom. TL. S3+ Bois Tis. 20 nom. 718. 5.43 nom. -" .Tls. 8 nom
$5,80 sel.
8- nom...
$130 nom
957 bay. 58 - Tis. 163 nom Tla, 7 bay. Tis. 114 now. $8 sel
.365 Bel
...$5
Day.
$137
$150 nom.
sel.
Tls. 10 sel. Tis, & nom Tla. 60 sel.... Tls. 30 gel.
..$10) buy..
.....17 nom.
Sist nom.
(old)....$194 nom.
.nom تباد..
(new).......................$$ nom.
..............TI, 10 buy. Ubina Lights (combined) ...818 sel
Do. (old) Do. (new).......................$10-ael, China Providents (comb.)...$30 nom. »
Do. (old) ......sel, (Dew)
Da
Constructions Dairy Farms. Der A Wing (p.) Hongkong Electrics Macão Electrics' H.K. Developments...! B.K. Ropes (combined) Do. (pid) Do. (LOW) Hongkong Tramways.
Lane Crawfords...
Mackintosha...
Peak Trama (old)
$2 bay. .....$171 nom.
10 núm.
$52.
$40 nom. 30 eta, buy. .340 sei,
VICEROY'S OPTIMISM.
Y
"THE COTTON DUTY,
Addressing a gathering of the Indian Associated Chambers of Commerce recent. ly, the Earl of Reading, the Viceroy made special reference to the cottor Excise duty. The Government, he said, was under a promise to remit the duty when financial considerations permisd ja' removal, but at the time of the last Parauget. 16 uyulurd, that vousIETAVIQUE (wati mus pormal ing Tamorar ny Mutu biality umath, baikan prvierence in using kuo surplus And it is Kivallus eussion of pro
•CAMÍ COBETTONIONS,
11 September mat (continued the siceroy), she Legisəniyə Asemeyi ögaan Kiscussed the queskull of the Guly, BIBLI voted for its suspension, with the full angulisange that suspension would involve aoil-100, It was the miudio of the abancial year, and the position as ren Harus prospects and commitments Was
BL111
uncertain. Urdinarily, legislation ror the abolition or taxation would pro- perly.come under consideration only t Budget time, and we were not prepared, on the data then available, to commit ourselves in September inst to the abolition of the duty in the next Budget, and it was idle to consider suspension unless it was to be followed immedia by proposals for abolition. Later, hen we had more detailed estimates tore us of the financial prospects, we deter mined that no serious financial risk would be iccurred by suspending the duty forthwith for the remainder of the year, with the intention of proposing ita abolition in the next year, and after consultation with my Government, and reference to the Secretary of State, and with their full approval, I at once took the step of promulgating an ordinance, to suspend the duty with effect from the frst of this month. In view of various observations in the Press I desire to emphasise that the statement issued by me with the ordinance contains a plain recital of the facts and reasons that led to my action. No conditions, expressed or implied, are attached to the sus pension.
The briefcial effect of this action on the situation in Bombay was immediate, and I have been gratified to observe that the owners lost no time in meeting the grievances of the mill hands and restoring the cut in wages. The strike has ended and the mills are at work again. The Associated Cham- bers have no doubt also read the statement issued at Manchester by the Coston Spinners and Manufacturers" $20 buy,, 22,35 sa... | Association on December 1st, and have 812) nom.
appreciated, as I have, the frunk accept- 21
anco by the Lancashire interests of the action we have adopted to carry out, a long-standing promise; and to ease the dilhculties of our mill industry in India.
$134. rom. 85 now.
10,20
WE BUY Unions 12
Banks
(10/20
100
Moutzies
$15 bay.
50
Electrics
200
Electrics
Do. (new) (.p.).
18 nom.
500
Malakoffe
100
O. Lights (old)
100/500 Underwriters
Binceres
$11 Bal.
10/20
Hong. Fire:
500
Gleneslys
100
do. (now) 100/500 Peak Trama 100/200 Sugars 150 Realties
10/20
Canton Ins.
Taxis............
United Asbestos
300
Kedahs
5/10 Wharves 1100 Dairy Farme
100
Malaka Pin.
TEL. 4630,
SMALL INVESTORS, 10, Des Voeux Road.
(124
500... Ayer Moleks
HONGKONG HOTEL.
A
CHINESE NEW YEAR
"AFTER-DINNER
CARNIVAL DANCE
WILL BE HELD IN THE
ROOF GARDEN
ON
EVE..
Friday, 12th February, 1926,
From 9 p.m. to Midnight.
FANCY OR EVENING DRESS OPTIONAL.
DINNER.
(Including Admission to Carnival Dance)
$4 Per
Per Head.
7.30 pm to 9.00 p.m.
TABLE RESERVATIONS SHOULD NOW BE MADE.
THE HONGKONG & SHANGHAI HOTELS, LTD..
THE NAVY'S CHOICE
Coates
ORIGINAD
PLYMOUTH GIN
OBTAINABLE EVERYWHEFRE.
106
920 noma,
Watsons (oid)$122 buyi
Do.. (new)
..$12 buy. -Wm. PoweEs
...$12 sel bay-buyers; sel-seliers;' sa-zales ;
nom-nominal.
DIVIDENT ANNOUNCEMENTS.
THE
STAR" FERRY CO., LTD.
The "Star" Ferry Co., Ltd., reports that the balance at "Profit and Loss Account for the year ended December 31st, 1925, is 8269,819.61, which together with $13,415.08 brought forward from the previous year, makes a total of 8272,231.68 available for appropriation.
•'
The Directors will, at the approaching meeting of shareholders, recommend the following distribution-
Pay a dividend of $1.50 per
share
Pay a bonus of $1.50 per
share
Carry forward to new
count
ac-
In the course of a review of his terny of office, Lord Lending said:-
India has no real concern with luxury trade, and the commodities dealt in are connected with everyday needs. In this respect the "demand has revived at lower prices, it is true, but, in my view, at healthier levels. There have been satisfactory monsoons, and the general prospects are far brighter. The balance of trade turned once more two years ago in India's favour. Taking the exports and imparts of the same cipas goods to- gether, the volume of goods which left and entered India last year was 65 per cent greater than the export and im port totals of 1921. In value the figures of last year show that 1924-25 was the best trade year India has ever had. The total value of the imports and exports exceeded the striking ügure of €50 crores, and the indications" are that the igures, of the current year will be only slightly if at all lower than those of last year."
I am convinced, Lord Reading conclad- ́ed, that thổ change' in the past £ve years bas-been radical, and is wholly salutary, $120,000,00 | and conditions are settling down steadily but surely to a stable situation the best 120,000.00 seed bed for trade to grow in. Perhaps the margin of profit may not be large, 32,234.60 but the bulk of business is there. Full stability, I admit, is not to be secured $272,234.69 until it is also established in other trad ing countries of the world, but the Pact of Locarno will, I am confident, help to remove obstacles, and the day is in sight when the people of the world will once more be in a position to devote their attention to the peaceful avocation o trade and commerce. Meanwhile the lessons of the past years show that in Government and business alike new con dition call again, as in the past, for continuous application, for uncensing attention and unremitting energy, so that when the day comes india may maintain her high and honoured place in the great comity of trading countries of the world.
COTTON MILLS' LOSSES. BOARD OF TRADE INQUIRY DEMAND.
Pressure, says a Home paper, is being exerted in influential quarters to secure, through compulsory liquidation, a Board of Trade investigation of the affairs of the Belgrave Mills: Company, Oldham, which, on the authority of the Provisional Liquidator (Mr. Wallace Brierley) has failed for £3,500,000.
The late Mr. William Greenwood, M.P. for Stockport, who died suddenly nt Warren-street Tube Station, W., laat August, was primarily the promoter of this undertaking and its subsidiary com panies, as well as of the Belgrave Stand ard Tyres, which, upon the same autho- rity, has failed for £2,000,000, Mr Greenwood's personal liability was for. $250,000, and all his to-directors of the Belgrave Mills are involved for what would ordinarily be thought considerable fortunes. Some other people in Oldham
SINGAPORE RUBBER QUOTATIONS.
Messrs. Benjamin & Potts are in receipt of the following Rubber Quotations from their Singapore Agents:-
Alor Gajahs Ayer Moleks Ayer Panas Balgownies Basects Changkate
Straita 83.10
340.
1.560
5.40
1.60
10.00
3.10.
Terams
1.70
Jimaba
4.60
Kedah
4.10
Kemperi
10.25
Malaka Pindas
3.50
Malakolle
5.40
Pajams....
15:35
1.70
11.00
have to face loan losses and share callelencalies, c. div. to the extent of about £80,000, £70,000, and '£60,000, and hundreds of compare tively poor people are, for their circum- stances, very gravely involved,.
Many bankruptcies will inevitably follow Already people who have been served with writs for part of the share capital for which they are responsible have filed their petitions in bankruptcy,
The demand for compulsory winding- Cup, as "distinct from any scheme of re-* construction, is actuated by a very wide- spread local desire to fx complete re- sponsibility.
Punggors Badelias Sandycrofts Serendahs
Tapaks
4.70
3.50
31.50
Telak Ansons
17.1
Ulu Benuts.
80 cte
LITTLE ROBINSON CRUSOE
TO-DAY ONLY-
QUEEN'S
*WITH JACKIE COOGAN
TO-MORROW at 2.30, 5.15, 7.15 & 9.15 CLARA KIMBALL YOUNG IN . ENTER MADAM
from the well-known stage play.
9.15 p.m. Only.
By kind permission of Chief of Staff.
and Officers,
THE SYMPHONY ORCHESTRA
OF
H.M.S. HAWKINS.
THEATRE
ROYAL.
·TO-NIGHT at 9.15 p.m.
SHANGHAI THEATRICAL ENTERPRISES (L. LADOW-MANAGING Dizcros).
PEZAINT
THE RUSSIAN IMPERIAL LIGHT OPERA COMPANY AND THEIR BEAUTIFUL BALLET
DIRECTED BY
M. BAKÁLEINIKOFF (Composer of MY CARLTON GIRL)
GIPSY LOVE.
STAR THEATRE.
TO-MORROW, SUNDAY, Jan. 17th at 9.15 p.m. THE MERRY WIDOW:
MONDAY. `January 18th THE DOLLAR PRINCESS. ARTISTES TALENTED AND BEAUTIFUL Prices-$3, $2 and $1. Booking at MOUTRIES.
30
Hongkong Weekly
EVERY
press.
30
[3071
THE HONGKONG WEEKLY PRESS, PUBLISHED. SATURDAY, CONTAINS ALL THE WEEK'S NEWS OF THE COLONY, ́AND CONCISE ACCOUNTS OF ALL OUTSTANDING HAPPENINGS IN THE FAR EAST. "
It is a weekly budget which is welcomed at Home by
all who have connections with the Colony
Included in the number published to-day is the Fall Report of the Congregation at the Hongkong University.
32 Pages-Price 30 Cents.
[On Sale by
Regular Newsboys.]
SHANGHAI RUBBER CO.
Messrs. Benjamin & Potts inform us that they have received the following cable from their Shanghai 'Office
RICHEST MAN'S GRANDSON.
| WINS SCHOLARSHIP FOR NEEDY
STUDENTS.
Bukita... 2nd interim dividend 20 cents.John Rockelfeller Prentice, a grandson
Pengkalans 3rd
Chengs 1st.
WEATHER REPORT.
30
The Royal Observatory issued the following report at 3.40 p.m. yesterday : The anti-cyclone remains stationary; and a' moderate monsoon will continue along the coast and over the Northern China
Beat
Local forecast:-N.E. winds; mode rate, fine to cloudy.
of Mr. John D. Rockefeller, the richest man in the world, has been awarded a Yale University scholarship for needy students.
For a year he has earned the expenses. of his university career by rolling up his sleeves. Throughout the summer. vacation he worked on a Maine farm. Since the beginning of the term he has earned a living as a night telephone operator at Newhaven General Hospital The James J. Hogan scholarship which he has won is given annually to a man of-strong character, of personality, of good standing with his classmates, and in need of financial assistance."