Page
PANCHOR BRAND PURE MANILA ROPE.
THE CORDAGE YOU CAN TRUST."
VARINE ROPE
TRANSMISSION
OF
POWER ROPE
CABLE LAID
RAWBERS
WELL
DRILLING
N
CABLES
ESTABLISHED 1894
YNCHAUST
ROPE
FACTORY
MANILA
ROPES OF ALL |
SIZES FOR ALLÍ
PURPOSES
MADE FROM
PURE MANILA
HEMP
MANUFACTOR.
ED BY THE
MOST MODERN
MACHINERY.
STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED.
FACTORIES MANILA, P.I.
KING'S BUILDING. TELEPHONE: CENTRAL $165. [AR]
HONG KONG OFFICE:
Borsalino
Grand Prix-Peris 1900,
"ANTICA CASA.
FONDATA NEL 1857.
FROM THE STOUTEST TERAI TO THE
LIGHTEST FELT
Borsalino Hats
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-MANAGEMENT OF
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VICHY CELESTINS
in bottles, half, and "splits
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Refuzo substitutes, -Wention nameʼof Spring raquiren.
THE HONG KONG DAILY PRESS, SATURDAY, JANUARY 1st, 1927.
AIR MINISTER ON RAF. DEATH-ROLL.
230 AIRCRAFT LOST IN THIS YEAR'S CRASHES.
M. P.
"NO GENERAL CAUSE."
THE METAL MARKET,
AN UNSATISFACTORY YEAR
LORD. BIRKENHEAD'S REPLY.
MR. LLOYD GEORGE'S CHINA INACCURACIES.
Throughout the year the market has been extremely dull. With the Lord Birkenhead, Secretary for principal outlets closed to trade india,, speaking at Northampton re A series of questions on dying fatalities in the Royal Air Force stocks carried over from the precently said with regard to Mr. Lloyd was recently answered by the Air visus year have moved off very George's speech on Saturday alleg Minister (Sir Samuel Hoare) is slowly and there has been no in- ing that elements in the country written reply to Colonel Gretton, contive to enter into fresh transae wanted to go to war with China, Sir Samuel gives the following tions The partial easing of the that he was shocked and amazed figures for January 1st-November boycott brought out a little.demand 18th, and for the corresponding for spot cargo and beld out pro- spects of an expansion of business but the demand proved only tem-
"Who are these elementa?" he porary and the market has sincerone to be found in the Government asked, amid cheers. There were relapsed into A moribund state, or in the Conservative Party. The fall in exchange has bent ap Continuing Lord replacing cost by some 13 to 20%
said: and has made negotiation for what little new business has been offering
period of 1925-
34.
Fatal accidents: 1058 40; 1025,
Deaths: 1926, 79 [since increased to 80): 1925, 30.
Aircraft reported by November 15th as written off charge as a re- sult of crashes:-1026, 230; 1925, 230.
Of the deaths in 1928, 15 have oc- curred in three accidents, two of which may be regarded as of an exceptional character.
"I should add," he says, "that the amount of flying 1996 to date is materially in excess of that for the corresponding paried of 1925.
Investiga Uons.
"In spite of continuous and care- ful scrutiny of every individual accident, no general cause can be assigned. Many accidents are the result of a combination of causes. A mechanical failure containing no element of danger itself, but neces- sitating a forced landing, may be followed by a crash due to bad ground or an error of judgment. A slight error of judgment in the air especially near the ground, may have fatal results, whereas a similar error of judgment on the ground, as when driving a metor-car, prob- ably results only in minor material damage.
All sides of this question are carefully watched., the number of necidents, the stations at which they occur, the time of the year the nature of the country, the type of machine, the medical and flying history of the pilot, methods of training, etc. Every serious accid-
is investigated by dependent inspector reporting to the Secretary of State, as well as by local court of inquiry.
ent
++
at in-
adult matter.
that an ex-Prime Minister should make such vague charges.
11
Birkenhead
I
It is not and never was the pur in any war with China. (Cheers.) pose of the Government to engage
There is today ern Chica, a source of inspiration a movement taking place particularly in South- of which and the ultimate purposes Mild Steel Bara, Angles and Joists. of which are thinly concealed.
At the opening of the year the ingenious plotters at Moscow if I should be doing, an injustice to the market for Continental supplier gave anyone else credit for what is was firm, Bars being quoted at taking plase, for through the lips of 130, Angles 139/- and Joista 133/claimed that they have infested so their leading spokesmen they have per ton c.i.f. rising 4to 5/- during great a part of China with the anti- the next few weeks. A decline set foreign, anti-Britisi virus. in and prices drooped, quotations at the end of July being 122/6, 12/8 and 190/- respectively. A recovery has since taken place and prices are now back at the level of the beginning of the year. In the local market transactions have been few and far between but dealers are beginning to adjust their ideas to the drop in exchange and are offer ing about 15% more than at the beginning of the year, Le. $4.35 to $3.75-43.90 in January, $4.50 per pical as compared with
cannot conceive that anyone in this country, however imperfectly is anxious that this country should developed his intelligence may be, engage in any other war, be it great or he it small (Cheers.)
been in the first place to protect the lives of English men and English women harmlessly and usefully y 3g in China under the assurance given by a former authority of that country.
Our concern as a Government has
In the second place, the policy of the Government. has been, as far as we can by pacific and persuasive trades and financial interests which methods, to safeguard the great
cue say that that is wrong? we have in that region. Will any
Steel Plate Cuttings.
c.i.f. for the first part of the year These were steady at 123/- per ton
at a standstill on account of the tut with ship-building practically Coal Strike the supply of Cuttings
"Profoundly Untrue," became scarce and the price rose to "Every Possible Precaution." 143/- at one time but has since I am frankly shocked that an ex- Endeavours are also being made eased to 132/6. There have been Prime Minister (Mr. Lloyd George)," to evolve more controllable machines very a few parcels booked for this who held with so much brilliance and mechanical devices designed to market and as trade with Wuchawand courage the position of great increase the "safety of flying. Para-haa now been resumed there may be responsiblity in the war, should chutes have been generally intro a letter demand in the near future. condescend now to make a speech duced, and have saved several lives Earlier in the year business was wholly irresponsible, wholly inacepr taja year.
done at about 83.40 per pical. butate, wholly mischievous to the It must also be remembered the equivalent of current home fundamental interests of which he, that aircraft are constantly and prices is now in the neighbourhood with every other statesman in this
country, ought to be the respon necessarily improving in perform of $4.25 per pical ance, and every addition to speed
sible guardian. and power tends to make the result.
He has said hat the elements be- of an accident more serious.
In the early part of the year bind this movement in Southeru This question is engaging-mbut have since kept quite steady.origia. That is profoundly untrue.
sterling prices badlight decline China are-not-Bolshevist in their constant personal attention, and Assortment dropped from evely possible precaution is and 20/13 in January, to 17/9d., 1"-14" sources of information were not It is almost incredible to me that will continue to be taken with a view to safeguarding the lives of our 12/11. Some business was done would have shown him it was..un. 14/1 to 13/8 and 3" from 13/3 to open to Mr. Lloyd George which flying personnel by all means in our locally during October but despite true. Unless he had postive sources the shortage in the country there of information before him which has not been much demand for new justified him saying what he did. he ought never to have said so. (Cheers.)
power,'
POISON GAS FOR WAR.
EXPERTS' REPORT. PENALTIES RECOMMENDED BY LEAGUE COMMISSION.
cargo..
Wire Nails,
Galvanised Wire,
"
Quotations for 13-17 gauge and Sach a speech will inevitably be 18-2 gauge were £13.15.0. and used to the greater en barrassment £18.10.0. per ton c.i.f, respectively, of tite Government in a task which in January but have since improved was grave coough already and to £11.15,0. and £20.5.0 There bas which needed no complication. The An alarming prospect of the been a fair amount of business done speech of Mr. Lloyd George will be anufacture of poison gases in the and the local price for 18-22 gauge printed and circulated in languages future is presented' by the recent re-
has risen from $10 per picul in that will be understood by the port of the League of Nations Dis-13-17 has been done at 39.15 per hands, be presented.
June to $12.40 in November. Gauge Chinese, to whom it will, in Soviet mament Commission. Eminent chemists of various countries have pigal. been consulted, and have given
Tinplates
their opinion that poison gases enn The market was very quiet for the be produced rapidly in any indusfirst half of the year local prices trial country, and this production remaining steady at $1 to $0.25 per cannot be prevented
box. In July a sudden demand set They point out that large, quan. in which sent the price over $10 tities of poison gases (e.g., chlorine and during the past few weeks and phosgene) are at present pro- several thousand boxes have been duced in industry. These, and placed at about $12.7 to $13.25. others, "are the current products Sterling quotations we now 23/. of industry, or are intermediate to 28/6 per box against 21/7) to agents indispensable for obtaining | 21/10) in January. cther products, and it is absolutely With the interior still suffering impossible to consider their sup from the effects of the political up- pression."
heaval the outlook for this market
is by no means bright and there seems little prospect of any speedy
I am left, therefore, groping in the dark and frankly admitting that cannot find any explanation of what I consider must be one of the must dangerous eccentricities in modern rhetoric. (Cheers.)
HONG KONG STOCK
EXCHANGE.
CLOSING QUOTATIONS.
DECEMBER SIET, 1926.
London...£115 nomi
g Kong Bank $1,1) sa
Do Chartered Bank.....21 20
Mercantile Bank, A&B... nom.
Do.,
0...£132 nm,
It might perhaps be possible to institute," the Commission sug Rests, "between the industries in return to normal trading condi- the different countries, agreements togs. Business booked by local which would be sanctioned by the dealers for cargo to arrive at P. & Q. Bank States concerned, and "would pro- Chinese New Year is on a very re-
East Asia Bank......
• buy. vide more particularly for the stricted scale and it is probable Cautor Insumace .....
that stocks here, although consider Obina Underwriters rationing of manufacture."
This, the Commission: thinks, ably reduced since the beginning of North China inz. would allay anxiety.
18
As to other poison gases, which now produced only in small quantities, or not at all, the che mista point out that their produc- tion for war, purposes in only le pendent on the adaptability of existing plant, and on the indus trial resources of the countries coa. cerned.
The report points out the ex- pediency of abolishing all subsidies both to official laboratories and to private institutions whose object it is to promote researches in the matter of poisonous gases for pure- Jy military purposes."
The Commission also proposes, although the matter is outside its immediate sphere, that each Stato should make it a crime for anypoe, civilian or military, to perform exercises in the use of poisons and bacteria,
The Economic Sub-Committee on Disarmament concluded its work at Geneva at the end of November Two expert committees wéro. ap. pointed to meet in Paris, shortly to deal with various poluts, in cluding the economic effects of limit aerial armaments.
$610 bas $1.15 nom. TE. 145
$15 дом
the year, will be sufficient to satisfy Union Laurance......$230 nom. immediate demands. from the in-Yangtze Insurance males. terior.
'China Fire lusurance .... $200 bay. Hong Kong Fire is...... 3615 bay.
...
EXCHANGE RATES.
(DRITISH WIRELESS DEVICE.]
Roar, December 30th.
122-9/16 25.12 20.40
com
*** 28 nom. Hong Kong Tags Indo-Chine (Pruf.) . 32 buy.
(Del.) 49 buy. Shell Transporta.......90/- nou. Star Ferries........
Do.
Waterbosta............$15, bay. China Sugan.
Mataloa Bagare moti Bengueta
Paria Genera Berliana • Vesman
·Olso......... Helsingfors
19.25
1923
51
2/5
34.90
1072
S'hai. Explorations
Copenhagen
18.19
184
Rio
Shanghai Brussels Milan
Prague Lisboa Bombay Yokohama New York Amsterdam -Stockholm
Vienna Madrid Buenos Aires Hong Kong Bilver (spot). Silver (forward)
2.17/32 .1/6.1/32 2/0.7/32
B01 12.12. 18.18
34.41
31.77 40.18/52
1/11}. 25.1/16 247
nata,
..$1.40 nom.
Kaian Mining Ad....35/- Boo Langkate (combined)......Th. 25 buy.
10. (single) „Ti: 12 - Tia. 44 mozó,
Shanghai Loan
Bauba
Tronok
Urai Caspians HK. & K. Whats... K&W. Docks. Hongkows New Engineerings
Shanghai Docke H&S Hotels Hong Kong Lands
..2}/- buy. ...8/-nom
$115 nom. $45 sol. Tls. 170 nom,
Ts. 53 bay. Tis. 118 bay. 39 sei
Hong Kong Realtys... 48.15 buy. HK Territorials...13 sel Humphreys Estates.......$14) nol.
(Continued on mezi column.)
*
TO-DAY ONLY at THE QUEEN'S
COLLEEN MOQRE
SALLY
WORLD 12 Noon, 2.30 p.m.
CHARLIE
IN
5.15, 7.15 and 9.15
CHAPLIN
THE KID.
STAR
5.15 to 8.45 and at 9.20
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Prince's Buildings.......... Rural Lands
Ed Cotton
Orientals
China
HONG KONG
.$30 sqm. Sil namu TL. 885 buy.
Ti 2 buy, 23 scl. Shanghai Cotlona (old)...T. 54 buy.. (as).Th. 27 bas. Вавен
T. 9 buy. H.K. Tamways:..$21 buy., 2 sel., 21 Peak Trams (old) $15 buy.
Do. ( Singapore Tractions....15 al.
Taxe ............................ Amusements.1422012
Canton Icer
... nom.
33 леб.
$18 bay
Cementa (combined)....$10 sel
Do.. (old) *...39 BOM.
(16) Do.
82 ngin,
Chins Lights (comb.)....315 sel
Do.
(267) ...........,19] cal, Chins Providente........33 sol. Constractions
$1.99 buy.
·Dairy Farming
Der & Wings
Hong Kong Rlectrics.....857 nom,
поть
6 nom
$35 pom.
$10 me
83 HOTL
819 nom.
$20 nota:
Ziatri
sol.
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Do. (now), Lane Crawfords... Hackintosh ... Sinceros Usited Aabeatos", Watson (old) Wm, Powells..... Telephones.se ``conte
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