X
SCIENCE FINDS
SURE REMEDY FOR
INDIGESTION
A
MONGST the achievements
of medical scienca in recent years is the discovery of a real and lasting remedy for disorders of the digestion. This is known as Bianrated' Maguesia, and its results have been so successful that it is fast superseding all other means of overcoming stomach troubles, Physicians and hospitals are daily uting "Bisuraled ' Maguesia with the most gratifying results and indigestion should soon cease to exist. Not the
(BISWAG
ASURAT!
CRISURATED MA
Jenal wonderful point about this remedy is ita moderate cost. Blaurated" Magnesia is obtainabia almost every where and half-a-tomapoonful inkon in a filthe water aitär eating is all that is necessary to make pain go instantly. When buying look for the oral "Bismag | trade-mark, on the wrapper,
BISURATED
MAGNESIA.
-QUICKLY STOPS INDIGESTION
DAILY SHARE QUOTATIONS.
HONG KONG STOCK.
EXCHANGE.
SHAREBROKERS' ASSOCIATION.
Buyers Sellers
Bale
Nomla!
FRIDAY, AUGUST 23.
Buyers Sellers
Bales
Nominal
Banks
$1,230
H.K. Banks
$1,233
£126
Do. (London) ...).....
Chartered Banks...
£32)
Mercantile Bks. "Á
Do.
£19 £34 £15
8904
Bank of East Asia
$90
Insurancos
18630
Canton Ios.
8630
12
Underwriters
$1.90
T160
North China
T160
$399
Union Ina, ..
13328
830
Yangtze Ins...
$60
||
$310
China Fires
8300
2765
K.K. Fires
F+4
3770
Shipping
$27
Douglases
227
825
Steamboats
3242
8251
$475
Indos (pref.)
$50
$70
Do. (det.)
$00
03/6
Shell Transports
90%
Water-boats
8214
Mining
$3,10
Benquets.....
62/8
Kailans
T.ID
Langkats (comb.) .......)
T.91
Do. (single)...)
Explorations.
T4
Shanghai Lonas ....
*72
Tronoh Mines ......!
Docks, Wharve,
! Godowns, etc.
81263
$120
841
H.K. & K. Wharis... 81281 Providenta
ago 842
| 84.35
$324 T.140
T.71
T18.55 ex dir.
$8.30
2001
T.150
---
$8 $132 $147
899
!!!!
Raubs
EWOM
T.16 ex dir.
H.K. Docks
.........[8326
Ebanghai Docka... T140.
Now Engineerings
T.175 Hongkewa.....
Cotton Mill
T.93 S'hai. Ctons (old)... Tei (new)... T.51
Do.
T.48 T10.90 Zoong Singe
Landa, Hotels and
Buildings
H.K. & S. Hotels... 88.40
TMHE
63/6
T15
TB
TI
14
18/
::::
⠀⠀
THE HONG KONG DAILY PRESS. SATURDAY, AUGUST
Money and Markets
HONG KONG SHARES.
BENJAMIN & POTTS' WEEKLY REPORT.
There has been but little activity in the local market during the week under review and the volume of business put through has' again
CANTON TRADE
NOTES. "
lack but prices remain firm.
*
*
Prices of four have advanced though demand has been short,
The sugar market is still inactive. been on a small scale, with only The price of foreign sugar has
alight variation in prices.
24, 1929.
LONDON.
IMMIGRANT QUOTAS. France, Poland, Czecho-Slovakia, Visitors to Landen will find the com-
THE NEW AMERICAN LAW.
**NATIONAL ORIGIN "
BASIS.
AS
The new Immigration Law of the
and other countries are not greatly ↑ forts and amenities of a home at affected. The figures of the Irish Free State are the most surprising. because of the political influence commonly attributed to Irish America
TREBOVIR HOUSE. Advantagequely situated. One minute- Tube Station. Ten minutes-Piccadilly and Kensington Gardens. Large Bunny Rooms, Constant Hot Water. Excellent Cuisine Highly recommended by Officers and Familien Full Board Hesidence.
Single Room from £2-17-8. Double from
gos. Fer Wook. 12, TERMOVIE ROAD, EARLA COURT, 8.W.E.
NORTH BORNEO CO. TOTAL RECEIPT DOWN ON In submitting their report for PAST YEAR. - 1928 the directors of the British North Borneo (Chartered). Com- pany state that the total revenue in North Borneo amounted to £460,064, as compared with £108,177 in 1027. The total receipts on re- venue account amounted to £494,117, penditure amounted to £336,703, compared with £343,037.
"The Shanghai market has re-fallen while that of Kwangtung / Great Britain and Northern Are dressed by a systematic increase of compared with £508,785, and ex-
covered somewhat
and higher brown sugar has slightly increased. forward rates have been paid for Ewo Cotton shares,
*
رم
*
The methods of computation adopted have been riddled with criticism during the past five years, and the results have provoked much account of one circumstance which contemptuous comment, largely en Dersand for cotton yarn is still United States which has recently is certainly very curious. The in come into effect materially alters terested groups which have been the annual quota admitted from the under the domination of the Nordic urging the national-origins plan are countries of Europe and fixes the idea. That is to say, they hold that revised quotas upon a basis related the American stock has been cor to a principle of national origin."upted by the unrestricted admis sion, during two or three genera- The most important changes for the tions, of aliens from the darker and British Isles are that the quota for lower peoples of Europe; therefore, obviously, the balance should be re- land is raised from 34,000 to 10,000, immigrants belonging to the more while that of the Irish Free State desirable stocks The British, need is reduced from 28,500 to 15,000 less to say, stand high in this ente- gory, though not necessarily at the The quota clauses of the Act have top, and in regard to our people been twice postponed by Congress, the new calculation works out mar but all efforts towards further post-vellously well. But high alto, very high. in the grading of new settlers. ponement or repeal have failed this stand the Germans, the Scandinay year. Although strongly, opposediant, and the Dutch. Of these the favoured; the to it, President Hoover was obliged Datch alone are to proclaim it law in March, and others are subject to a merciless cut from July 1 it must be enforced by
The attack upon the national- quarters and taken as many forms. Two objections in particular have been continually pressed in Con- gress and the newspapers One is that since the War of Independence the mixture of stacks in America has been unlimited. The other is that names recorded in the penaus cannot be taken as evidence of national origin. It is, for example, innumerable Smith, Millers, Macka. Blacks, Whites, and dozens of names ending in "son."
Banks.-Hong Kong and Shang- The Canton Government Mint is hai Banks were realised at $1,35 collecting coins of low silver per. and have further buyers. The Lon-centage in Kwangtung and Kwang. don quotation is unchanged.
Marine & Fire Insurances-Asi and reminting them into 10-cent better demand for Unions has rais-pieces. - ed the price up to 8328),
Cantons are enquired for and
About 100 bale's of raw silk were could probably be placed at 8630. Hong Kong Fires are on offer to sold on Thursday the quotations
a amall extent at quotation, being H.K.8038 per picul for-No.
Shipping Hong Kong, Canton
in numbers.
¡
Included in the expenditure in Borneo is a sum of £4.870 for de- preciation, railway renewals, con- tingencies, &c. The gross surplus of revenue is £137,351, and after de ducting interest on Debentures and certificates of indebtedness £88,107, sinking funds for Debentures and certificates £13,918, instalment of Debenture coats written off £9,116, and contribution to pension fund £30,000, to which is added £46,240 £5,000, the net surplus amounts to
As already known, the Court re commend a dividend of 3d. per share (subject to tax), also that £25,000 be placed to 248,004 be carried forward.
reserve, and that
Investments are shown in the
and Macao Steamboats were hid up/14/16 and H.K.8000 for No. 15/17 the United States Department of origins scheme has come from many brought forward, making £97,149,-
to 8. Douglas Steamships are Best I. obtainable at 827), and Waterboats
at 891 Preferred. Indo China The coal market is quiet and are easier and obtainable at 847. prices moderate. Latest quotations Docks, Wharves & Godowns-for Japanese coal are:-No. 1 Kowloon Wharves can be placed at j Fushun at H.E.813 per ton, and 8128). Whampoa Docks continue No. 2 Fushun at H.K.813,73. to find supporters at $32) after sales at this, rate, China Provi- dents are wanted at 841. New Engineerings were dealt in at Tis, 71. Shanghai Docks are enquired
+
The present rice crop in the North
Labour.
and East River districts is dised upon 1910 gave an undue advan-impossible to guess the parentage of
*
+
appointing and from forty to sixty for at Tla 140.
per cent, below normal Prices in Lands, Hotels and Buildings-those districts "have advanced by Hong Kong Lands were booked at two dollars per picul. $60 and 860), but closet with sellers at the latter rate. Transac
The foreign demand for Chinese tions were effected in Hong Kong
raw silk has been very disappoint and Shanghai Hotels at 35.40/88.45. Sales were made of Humphreys during the last two months, the Estates at the improved quotation France having suspended work dar weaving factories in America and of 814. Realtys have remained ing the summer. steady at 8. Shanghai Lands con- telegraphic advices, the factories According to tinue in demand at Tls. 150.
Public Utilities-A small decline abroad will resume work in the has occurred in Hong Kongtumn, and the silk market will Electrics. Deals were made early improve in the near future.
in the week at 850, but the market bás 'since eased off to 8584 buyers. China Lights (Old) were taken off the market at 812.60 and the New abares at 21270 Hong Kong
Trams were sold down to $181, but": have recovered to a buying rate of 818.30 at the close. Star Ferries have advanced further to $65).
Miscellanecus. -Green- Island Cements (Combined) were unalter
ed
from last week. The Old shares were done at 87.70 and con- tinue in request. Hong Kong Ropes can be placed at 83. Dairy Farms at $10.90 mark a further rise. Amusements are idle round 820. There are buyers of Hong Kung Government Loan at $ per cent.. premium.
Cotton Mills-Ewes have had a fresh spurt and after sales in the beginning of the week at Tis. 16.40 the market has advanced "to Tla. 1 for Cush, with a fair number of transactions made up to Tis. 17 September. For the moment the market is easier with a small business done at Tls. 17 cash. Shanghai Cottons (Old) have main. tained a level of Tls. 23 with no business reported locally.
day's
Rubbers.-The following are to- cabled quotations from Shanghai-Anglo-Javas Tls. 10, Anglo-Dutch. Tls, 3.75, Batu Anams TL. 1.00, Chemors Tls. 2.00, Con solidateds Tls. 4.00, Krocweeks. Tla. 4.00, Repahs T.8 1.50, Tanah
Meraks Tls. 1.55, Tebongs Tls, 3.00, and Ziangbes Tis. 9.75. The price of rubber to-day is 10.3/18d.
Exchange.-The T.T. London to-day is 1/11). and on Shanghai 827.
rate
On
Forward Settlement Days.- 7th August, 24th September and 20th October, 1929.
28.40
H.K. Lands
$60
Shanghai Lands ....
H.K. Realtys
87.90
Humphreys
14.10
Chinese Estates...
Public Utilities
Tramways
$16.26
Peak Trams (old)...
$11.80
26.06
Do. (new)..
196
J
Star Ferries $60
C. Lights (old)...... $12.80 813.00
+
Electrics. 258
Macao do.
Sandakan Lights .
$1B
911.80
$12.00 $12.80
8127
T.142
11/-
20/-
826
H
Do. (now)...... 812.65 | 312.80
83.70 Telephones.
China Buses an Tractions..... 8/63
Do. (pref.)......
Industrinia
Canton Ice $2.26
Cements (comb.)... 88.75 $8,55
Do. (old). 87.60
Do. (new)... 81.25
China Bugars
Malabon Sugars
United Arbestor
32
$8.90
87.70
82.40
$61
Ropea
$0.95
827
$5
Constructions ................
Miscellaneou
$19.00
Dairy Farma
$0.80
Der Ar Wings....
828
Amusementa
$1,55
#T
Lano Crawforda
$18
Mackintoshs
Nanyang Tobacco...
$12
(new)......
$11.90
prem
86.90
***
:::::
$7
828
$20.10
80.50
$201
--
Sinceros (old).......
Do.
Watsons 312
Wm. Powells 041%. B. Ind. G.B Bonda...
H.K. Govt. Loan... $107.
84
63%
EAST ASIATIC RUBBER.
RESULTS OF THE PAST
YEAR'S WORKING.
4.
The report of the directora of the East Asiatic Rubber Estates, Ltd.,"
|
CANTON RAW SILK
MARKET,
REPORT WEEK ENDING AUGUST 90.
Due to a rise in prices in Japan, the Cantón market has 'firmed up considerably during the past week. Some hayers have followed the, advance, but sellers are now asking such high prices that business has quietened down.
Lyons has not taken any share in the business done.
Holders are quoting the following prices:-
8950 for 14/16 N.S. Crack Chops. 8885 for 20/22 N.S. Ex. Ex. A. 8950 for 13/15 0.8. Best I.
AUSTRALIAN: TRADE..
EXPORTS INCREASE AND IMPORTS DECREASE.
Sydney. The external Common- wealth trade returns for May (ex- decline in cluding specie) show imports of £374,000 and an increase In exports of Austration produce of
£504,000, as compared with the same
The restriction of immigration in the United States was established under an act of 1921, when the census of 1910 was taken as the basis of quota system. It was objected that, as the vast immigrations from Eastern and Southern Europe did not set in until the end of the nine- teenth century, a calculation found tage to the Slava, Italians, and Balkan folk. Hiecce the Act of 1924, in order to secure a larger "Nordic element, threw the basis twenty years back, took the census of 1800, and fixed the quota at 2 per cent. of the people born in each country and then living in the United. States.
་
Back to 1790.
could not be satisfactory or per- It was recognised that this device
manent, since it was related alto-
gether to the aliens of the past half
century, taking no account of the established population and ita original racial character. Accord- ingly a section of the 1924 Act pro- vided for the working out of a new basis, upon the principle of national origins as shown in the first Ameri- can ceasus-1790. The task of work- ing out the problem was committed to the Census Bureau in Washing- ton, and it proved to be one of enor- mous difficulty. Three years were allowed under the Act, but by 1927 the so-called experts working upon the material had not arrived at any convincing results, while the "national origins" idea had been severely liandled by its opponents. Three annual sets of figures were submitted by committees, the last. of these being under a board of three members of the Coolidge Cabinet. This body offered its re- vised tables with the air of having. made the best of a baffling and vexatious job. In 1927 a similar committee and presented a 'report, which was signed, by Mr. Hoover, then Secretary of Commerce, and, contained, this very definite state- ment:"mes
In our opinion the statistical and historical information avail- able raises grave doubts as to the whole value of these computationa as a basis for the purpose intend ed.
Until the end of the Coolidge Ad-
ministration it was widely believed month of the previous year.
The figures for the eleven months in America, that the national-origins to May 31, show imports of mer- clauses could be negatived. The chandise at £130,807,000, a decrease political and other forces arrayed the previous eleven months, and ex of £6,303,000 against those of against them were very strong, and, as the Irish community was neces- norts of Australian produce at sarily hostile, the chances all seem- £131,008,000, an increase of ed to be on the side of the opposi- tion. But as it bappened, Congress The principal decrease in ini- last winter was taken up with other parts were:-Textiles £2,243,000, of questions, and the opportunity for which wearing apparel accounted a further postponement was lost. In for £82,000, mainly socks, stockings, the special summer session the new furs And
trimminga; piece Senate declined, by 43 votes to 37, goods £1,750,000, mainly cottons to consider the motion for repeal. £1,132,000; woollens £1,021,000;
The Hat Tables. while there was an increase in silks of £385,000.
£4,120,000.
1.
期
Under the Act of 1924. Floor coverings declined by hitherto worked, a total of 164,007 for the year ended March 31, 1929, £228,000; cornsacks and yarns in immigrants were admissible in the atates that the proft and loss accreased by £820,000.
year. The national-origins plan will count shuwa a balance of £82,225 Machinery WILE lower by reduce this total to 133,714, every 12a. dd. after adjusting income tax £1,823,000, of which electrical equip. nationality being 'accorded a quota provisions and writing off 15 per ment totalled £1,155,000. Iron and bearing the same ratio to 150,000 cent. for depreciation of buildings steel declined by £1,487,000. All which the number of people of that and equipment. The amount items were affected except pipes and stock living in the United States brought forward from the previous tubes."
in 1790 bore to the total white accounts was £20,107 59. 3d., mak- There was a substantial increase
population. Elaborate calculations ing a total to the credit of profit in motor-cars of 22,120,000 and in designed to arrive at the percentage and loss account of £01,332 178. Dd. other vehicles of £575,000. Other of the population whose origina go The directors recommend the pay manufactures declined by £2,348,000 back to colonial times have yielded ment of a dividend of 7 per cent, principally composed of rubber the figure of 433 per cent. of the for the year less fax at 48, in the goods, musical instruments, tobacco, 00,000,000 making up the total white pound £48,000, and to carry for paper and brush-ware. ward the balance, subject to com Foodstuffs increased by £180,000, Population of 1920, the countries missions for the Eastern agents.and but raw materials were lower by of origin being determined, or £032,000, this being chiefly due to guessed at, by means of the 1700 The output of rubber for the year crude rubber £799,000, timber census. The results, as we should amounted to 3,357,418 h. The 2887,000, minerals £103,000, and expect, are remarkable, and their amount old, 3,231,357 lb., realised a was offact by an increase in oils of importance to the countries concern gross average price of 0.9d. per lb.; £1,042,000 and fertilisers £238,000. ed may be deduced from the follow- the balance is taken into the ac
The principal features of the ing specimen quotas, which are counts at a valuation made by the exports were increases in wheat and given in round £gures:- directors. The managers estimate a four of £7,315,000, dairy produce
dr Old. crop of 3,400,000 h. for the current of £1,207,000, meats £1,340,000, Great Britain and
fruits financial year. The total area dried
£438,000,
N.I. planted
with rubber in 11,073 £000,000, tallow £313,000 and eggs Germany acres, showing an increase of 71 #133,000. Decreases occurred in Irish Free State
wool £4,373,000, hides and skins | Scandinavia aeres planted during the year.
The mature area measures 10,021 £318,000, timber. £114,000, wine | Italy. acres, of which approximately 10,00 £600,000, apples 2804,000, minerals | Russia acres were in tapping during the 21,282,000, including coal £254,000, Holland zine £862,000 and lead £270,000. Belgium
estates staff £13,339.178. d.
year.
sugar
balance-sheet at market prices" where Stock Exchange quotations are available and in other cases at directors valuation, the amount at directors' valuation being £88.410. A sum of £38,003 has been charged to reserve to provide for deprecia- tion in the value of securities.
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