Page
THE HONGKONG DAILY PRESS, THURSDAY, OCTOBER 218, 1928
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel, Central 236.
AGENTS FUR
2, Queen's Buildings,
BRIGG'S BITUMINOUS ENAMELS & SOLUTIONS.
SOLE AGENTS FOR
44
'UNION'
"
ANTI-CORROSIVE and ANTI-FOULING
COMPOSITIONS
FOR SHIPS BOTTOMS.
ANCHOR BRAND. PURE MANILA ROPE.
-THE CORDAGE YOU CAN TRUST.".
MARINE RUPE
TRANSMISSION
OF POWER ROPE
CABLE LAID
BAWSERS
WELL DRILLING
CABLES
ESTABLISHED 1834
JSTI
YNO
ROPE
FACTORY
MANILA
89
BOFES OF ALL
SIZES FOR ALL PURPOSES
"MADE FROM PURE MANELA. TEMP
MANUFACTURED
BY THE MOST MODERN
MACHINERY.
STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED
FACTORIES MANILA, P.1.
TELEYUONE CENTRAL 3165,
HONGKONG OFFICE:
Richmond's
'Bungalow”: Cooker
KING'S BUILDING.
A.P.B.
Plate Rack holds platus bę Vertical position.
****
White enamel tiled Back Plate protects wall
3 Farent Grill, can also be
used for boiling
4 New "Eficiency" Burners
give merimum heat,
MARY
5 Hotplate burners fitted with gas and air adjusters,
--
White enamelled Crown Plate with "ip" in front.
White enamel tiled sides Easily cleaned
White enamel tiled Docr for cleanliness.
Raised Stand with white ensmelled toy...
10 Space beneath cooker for,
keeping floor clean.
Jord
11 Interior of Oven "packed"
and enamelled throughout.
re.
12.Oven Shelves, etc
movable for easy cleaning
!
Please notice all these points very carefully then ask for full particulars and a demons- tration at the Showrooms.
16, Des
Vœux Road
or West Point.
17
HONGKONG & CHINA GAS Co., Ltd.
[LP.2]
M.C.L. FÊTE AT GOVERNMENT HOUSE.
CHANGE OF DATE.
The Date of the MINISTERING CHILDREN'S LEAGUE FETE at GOVERNMENT HOUSE Has Been Changed From NOVEMBER 6т¤ To
NOVEMBER 20th.
The reason of the Change is because the First Date (November 8th) has been fixed upon by the Jockey Club for their Extra Race Meeting, and it is not desired that the Two Erents should clash.
[40424
THE FALLING DOLLAR.
DISTURBING NEWS FOR
FOREIGNERS.
HONGKONG & CANTON ICE CO., LTD.
ANNUAL RTPORT:
LIKELY TO DROP EVEN FURTHER. LOSS "ON THE YEAR'S WORKING.
The drop in the sterling value of the dollar is certainly very disturbing to those Europeans who are in Hongkong on contract terms of service, and especia ly for these only here for a matter of three years or so, and to those about to go Home, either on completion of their contracts, or on leave.
Since Saturday the dollar has dropped 11d, being quoted on demand yester day morning at 14. 9.11/18d., and has dropped no less than 3d since the begin- ning of August. Warse news, however, is that it is likely to slump even further. in the course of the next fortnight.
General Elect.
The general effect of the slump will be
Canton Ice Manufacturing Co, Ltd. for The annual report of the Haagkong &
the year ending July 31st, shows a loss on the year's working of $3,795.54
The Directors recommend adding this to the debit balance brought forward from last year which will increase that balance to $41,295.40.
The report will be presected at the anzual meeting of the shareholders which will take place at the Company's office on Tuesday, November Sad, at noon. The Rey, Father Robert having left the Colony has resigned from the Board of Directors. Mr. T. G. Weall and Mr. Lan Yick Cheuk, directors who retire by rotation, are offering themselves for re- election.
CLOSING QUOTATIONS.
*mo 5817*
OCTOBER 2012, 1980. Eangrong Bank ......$1,060 bag, 1,050/65 sa
Du London. Chartered Bank............
221 bay. Mercante Bank, A. & B......£19t nom
Do
U.......i nom
£91 bar.
1625 bay. & 10. $1.45 bay. ......17, 145
P. & G. Bank
East Asia Hank Canton Lasurance Chia. Underwillery North Chma Insurance Union Insurance imas Chias Fire Lusarance. Yangtze Insurance .................... Hongkong Fire Lusurance
Bom.
293 buy,, 995 a.
bay
Seco buy.
$810 bay.
$30 bay.
329 buy
buy.
to send prices of imported goods, such as | HONGKONG STOCK EXCHANGE. from Home, etc., up, and it was learned yesterday that already the price of such commodities as whisky has already been increased by $2 to 83 per case. It is anticipated that an increase of some 25 per cent. will be made on other imported articles, or even more. Locally, however, the slump will probably have the effect of bettering local trade, inasmuch as there will be a greater demand for local pro- ducts and less for the imported articles of a similar nature, which will decrease. With the slump causing a decrease in imports, exports will increase, and this will further improve local business
Where the pinch will be, however, is with regard to the purchase of such in ported goods as are not locally manufac- tured, and for which the sterling value.
4. & M. Summbuata will have to be paid.
Hougtong Tugs Ludo-Chinas (Prul)
(vel.), Shell Transports Star Ferred. Waterboatsigurno Chias Sugars Malabon Sugars Bengaet....... Kaise Mining Ad Langkas (combined)
Do. (single) ......... Shanghar xplorations Shanghai Loans Haube ..... Tronch Alines Ural Caspians H.R.&K Wharfs, H.K.&W. Docks. bangkewa minor, New Engineering.. Shanghai Docks H&B Hotels Hongkong Lands
Again those going Home at this time, and who have been holding on to their savings in local currency, will be badly hit, and stand to lose a considerable amount on the rate of exchange.
The Primary Cause.
The primary cause of the alump is; of course, the weakness in the silver parket, originating with the recommendations of the adoption of the gold standard in India. Further, if the selling of silver in New York, continues there will prob- ably be a further slump in the value of the dollar.
The dollar may in the course of time go back to somewhere around 2, but it scems unlikely that it will ever rise to 2/3, or over, as was the case last summer. The highest the dollar value has attain- ed was 6/2 in 1920, and the lowest drop being 1/64 in 1992. The dollar has fallen below 1/10 thirteen times in the course of the last fifty years, the last decasion be ing in 1913, when it was at 1/9; while in 1914 it was 1/83.
:
THE K.R.A. AND THE STAR FERRY.
THE SYSTEM OF SIGNALS.
Da
engang Healty HK, Territorials Humphreys Kintatas.......... Frince's Building....
Baral Leads Ewo Cottons Orientals
30 buy. $42 buy. ...no.
..$671 nom.
$15 bay.
524 buy.
$36 nom.
$it nom. 40/. nom.
T 13-bay. 1, 480 Day Tla, 8 bay.
20 buy.
80/- boy.
,8% nom ..$125 85.
...$59 nom. Tix. 1771 buy. Tik. 61 Day. 115.123 buy, $10.50 buy, $65 buy. ..$7+ nom.
.slôt nom.
109 bom
дод
..11, 8.70 bar, 930 n
11. 3 buy. &a.
Do. (now)......Fla. 28 bur.
1
Shanghai Cotions (olú) Tia 53 buy.
China Busos
Tla. 10 now. Hongkong Tramways.........$25.50 bay. Peak Trama (old)......... $151 hom
Da.
(new)... Singapors Tractions
Taris
$ź sel.
..$7.60
.6 nom. .15/9 nom.
$12 buy.
I
$5 buy.
$13 buy,, 134 sel.
$12 nom.
Amusements.......... Canton Ices Cements (combined).....
Do. (old) Do. (10W) China Lights (combined)....$21, nom
Do. (old) Do. (DOT) Okina Providente
Constructions Dairy Farms.
Der A Wings und Hongkong patrics.... Macao Electrics
Sa buy. sisi buy. bay,
Biha
86 ). ..587) sel., 651 13.
At the October meeting of the Com- mittee of the Kowloon Residents' Asso. ciation; the Committee's attention. was called to certain letters which had ap- peared in the Press. One of these was an old letter urging the re-establishment of the system of semaphore and light signals indicating times of departure of ferries. In view of the 5 minute service during crowded hours it was agreed that there was, no urgent need for the signals. The other letter pleaded for some loud signal to mark the stopping and re-start- ing of ferries during typhoon weather. As it was not found possible to suggest any auch signal which would not inter- fere with the system of maroons used to announce the arrival of the typhoon itself, the Committee decided that nothing more' could be done than had already been donc, on the initiative of the Kowloon Residents' Association, some time ago, namely an agreement between the Ferry Company and the Telephone Company | Company that notice should be given to the Exchanges when the ferries were withdrawn and when they were to be started ngain. During the recent typhoon, operators at the Kotleon ex- change informed some inquirers correctly the time of restarting, but as this ar rangement is not known to everyone, itO LET From 1st NorEBZE, FET
nished, No. 402, BEVERN Road, PEAX, is suggested that, at the beginning of the next typhoon season, the attention of the Eight-roomed HOUSE with Garden and public be called to this happy accom- Tennis Court, modation between two public utility, ser vices,
EXCHANGE RATES.
{AKITIER WIRELESS, SERVICE.]
Paris
Brussels
Amate lam
Berlin
Copenhagen Vient's Helsingfors
FK. Ropes (combined), Do (old) ; Do. (DOF)..... Lane Crawfords........ Mackintosha.... sinceres..........
до
-45 Bel.
..85 sel.
$19 nom
..$11 nom. United Asbestos....$20 kom. Watsonk (old) ... ...$144 buy.
tök num. Wm. Powells.......
TIL 4.85 buy. Telephones,in "m
bay-bayers; sol-sellers; males NOTA-AJAinal.
TO LET.
Apply- SPECIAL MANAGER,
BUSSO-ASIATIC Bank
TO LET.-Near Mar ROAD STATION TWO
4086)
TO ME BULLADEROS with
All Modern Conveniences—Apply A Y APCAR & Co., L., 1, Des Vanx Hond Central.
(4029
TO LET.
BOUND FLOOR
GKOWLOON FERNT.
ПUGBY, October 19th.*
100%"
172
12.124
20.38
18.22
34.39%
1921
3813)
Lisbon
Buenos Aires
Shanghai
2.17/32 45.37/29 2/3
Yokohama
New York
2/0.7/32 4.05
25.12
115
18.14
19.82
4025]
1634
31.95 '8.45/04
1/6.31/32 1/10
24.6/10 24.1/16
Geneva
Milan Stockholm Oslo Prague Madrid
Río Bombay
Hongkong Bilver (spot) Silver (forward)
WEATHER REPORT.
Last night's weather report, forecast and remarks," issued from the Royal Observatory, a§ 5.15, stated :—
H
Changes are amall since this morning. Local forecast: N.E. winds, moderate, fine,
Apply to-
OFFICES DOSI
Bár. No. 3813, c/o Hongkong Daily Press,
TO LET.
A EUROPEAN SHOP in NARKAN ROAD,
لم
Apply to t
HUMPHREYS ESTATE & FINANCE
CO., LTD.. Alxandra Buildings.
TO LET.
OF-FLAT in No. 5 and GROUND TOP-FLAT
L- FLOOR in No. 7, PRAT BUILDINGS, Kowloon,
Apply to
SPANISH DOMINICAN PROCURATION, Насково.
OFFICE TO LET
[2094
La ALEXANDRA BUILDINGS.
Apply
38457
A. E. WATSON & Co. Lin.
SECRETARY,
QUEEN'S
TO-DAY ONLY
At 2.30, 5.10 & 7.15
DOUGLAS MACLEAN
"7 KEYS to BALDPATE"
STAR
CONTINUOUS 5.15, 8.45 and 9.20
.
TO-DAY ONLY.
RUDOLPH VALENTINO
IN
WORLD
2.30, 5.15, 7.15 and 9.15
TO-DAY ONLY.
MILTON SILLS
AND
ANNA Q. NILSSON
IN
COBRA
"FLOWING GOLD”
TO-NIGHT
At 9.30 p.m. -ONLY
GALA PERFORMANCE
OF
The Great Sea Spectacle
ZEEBRUGGE
the
Epic
of the British Navy
UNDER THE
Distinguished patronage of
HE. the Governor, Sir CECIL CLEMENTI, KCMG.
VACA
ACANT Immediately No. 9, PIAE BOAD, Bodecorated and Modern Fittings Installed; Stands in Own grounds; Splendid Location yet Central. Ready from NOVEMBER let. Firat and Ground Floor FLATS in MAY ROAD behind CHARTERED BANK M239; $215/240 plus 13 Taren. Each Flat has Five Rooms with Three Modern Bath Rooma leading into each Bedroom, MaconXLE BOAD, Two FLATS Now Available. Housos for Disposal in Desirable Locations on Essy Terms. Sharms and Bonds in Small or Large Lote Negotiated.
· HONGKONG SMALL_INVESTORS, SHARE & REAL ESTATE CO..
10, DES YEUX BOAD 0.
Tx. 0.4630,
[27
THE NAVY LEAGUE.
DO NOT DELAY.
BOOK YOUR SEATS
TO-DAY
AT
THE QUEEN'S THEATRE
FOR
THE NAVY LEAGUE'S GRAND CONCERT
INCLUDING THE ZEEBRUGGE FILM
THURSDAY, 21st October, at 9.30
83.00 Each
TICKETS