10
Money
and Markets
THE SHARE TANGLE HONG KONG SHARES.
IN SHANGHAI.
15
WHERE HONG KONG STANDS. PROMINENT LOCAL BROKER
INTERVIEWED..
"vailing in the Colony as to the
BENJAMIN & POTTS'
WEEKLY REPORT.
•
THE HONG KONG DAILY PRESS, SATURDAY, NOVEMBER 30, 1929.
FORGED BANKNOTES | CASE.
PROSECUTION WITNESSES IN BOX.
DEFENCE COUNSEL'S
SUGGESTION,
Messrs. Benjamin and Potts, local A large number of Chinese busi- share and general brokers, in their weekly share report, dated yester-nessinen were in Court yesterday day state:---
when Cheung Ching Shan of the Lee Fung Hang firm was before Mr. .A. W. G. E. Grantham charg ed with possession of and uttering six $100 forged banknotes of the Chartered Bank of India Australia and China.
The past week has seen the satis factory liquidation of the November Settlement. The local market open. In view of the uncertainty pred quietly, but the last few days position of the Shanghai share has seen a revival of busincas,
Co market, a representative of the sulting in a larger turnover. Daily Press interviewed a prominents. Hotels and China Lights were notably firm in contrast with ent and well-informed local broker
Most of the local yesterday with a view to obtaining
distinct Some first-hand information for the companies are showing a benefit of those interested in the improvement in the working results Position in Shanghai.
Our representative asked what
other sections.
Mr. Leo D'Almada e Castro, junior, instructed by Mr. J. 31.
DAMAGED SILK GOODS.
TENANT'S CLAIM ON HIS
LANDLORD.
PUISNE JUDGE'S DECISION,
Judgment for the defendant was given by the Puisne Judge (Mr. Justice Woed) at the Summary the action Court yesterday in brought by Mr. Hassaram Gian- chand, trading as Kashmir Silk Store, 36A, Queen's Road Control, for the recovery of 8993.07 from his landlord, Mr. Li Koon Chun. The amount represented damage done to silk goods by water leaking
as compared with last year and with d'Almeda Remedios, appeared for through the roof. lower Exchange and plethora of
the defence. Mr. H. J. Armstrong of Messrs. Deacons, represented the
Mr. D. L. Strellett appeared for.
was the real trouble in Shanghai, i money it is reasonable to anticipate Shiu On Wing firm, to whom the the plaintiff and the defendant wal
and the answer he received was as follows:-
"The trouble is that the wenker brokers have over-speculated in Ewas by purchasing shares at very high prices, ranging from Ts. 20 to Ta 94 for December Settlement, Some of these buyers are now with out hope of meeting their obliga-
tions.
a brisker market and further ad-
vances in Share levels in the not distant future."
Banks-Hong Kong and Shanghai Banks were dealt in fair quantities at $1,335 to $1,340, the market closing with sellers at $1,340. London price has advanced to £120.10 (Middle).
The
forged notes were alleged to have
been passed. Mr. M. M. Watson represented the Lee Fung Hang firm where the defendant was em ployed.
Yesterday's session was mainly taken up with the cross-examina- tion of Au Yung Lai Sang, the as- Marine and Fire Insurances.sistant manager of the Shiu On "The bigger brokers were the Unions are on offer at 8360. Under Wing firm, who, at an earlier hear ing had stated that be remembered sellers mainly, and had been con-writers fetched 2. Cantons are centrating all this time on liquidat enquired for at 8005. Hong Kong receiving the notes on November
from the defendant and also re- ing the position of these smaller Fires are unchanged at $815.
thic Shipping-Hong Kong, Canton membered aokars, who are in fact mostly
and Macro Steamboats were nego responsible persons.
iated at 220. Preferred Indos con-
the
Soundness, of Ewos. "The actual position of Ewos, of course, is very sound as everyone | knows, and there is no doubt that immediately after December Settlement the price will go up. The nervousness in Shanghai is only in respect of the December Settlement, and I am glad to see that people in Hong Kong have been buying recently at low rates.
"Some of the shares booked for November, I hear, have not gone through, because the smaller brak ere did not disclose their position nutil it was too late, but I think this trouble will be tied over in due course.
L
The Real Trouble in Shanghai.
Are you in a position to say that the November Settlement has been negotiated ratisfactorily?" asked the Daily Press representa- tive.
The Shanghai brokers, as far as my information goes, have succeed- ed in liquidating the position to grent extent, but it must be remem; bered there are a number who have gene in for a colossal number of Shares-one man it is understood having no fewer than 75,000 shares to take up. They liquidated his position a few weeks ago, and since then the market for Exos has been healthier, but again, since that date, brokers have discovered many more weak holders; several of thess are now being liquidated, but I am afraid there will be more to be dealt with before December,
Our informinn on being asked If there was any real panic ia Shanghai, said there was not. He explained that another factor which had helped to bring down the price af Ewos was the yarn position. "I anerstand that the yarn settle "ment for November did not go of
very well," added our informant.
Influence on Hong Kong. "Can you say to what extent the nervousness in Shanghai will in fuones the Hong Kong share market?" asked the Daily Press representative."
The position does not effect Hong Kong very much because Hong Kong has been on the right side with Ewos They have been selling at high prices, and are all coming in again now that the price
tinue in demand at 84G. Douglas Steamships can be placed at 95. Waterboats are quoted $22 with no business reported.
defendant being brought back to his shop by his son and a foki. Witness had said that the defendant had attempted to escape when asked about the
notes.
represented by Mr, G.G.N. Tinson.
The Judgment.
FLAT RACING ENDS.
AMERICANS PATRONISE BRITISH TURF.
THE PAST SEASON AT HOME,
[United Press.)
|| 1
Manchester. The flat-racing sea- son of 1929 in England has now come to a close.
The international side of racing was well maintained during 1920. American owners continued patronise the British turf in in creasing numbers, the most success ful being Mr. Jeck" Whitney who finished eighth on the list of winning owners. Two Amerienn horses crossed the Atlantie and ran here during the year-Mrs. J. D. Hertz's Reigh Count, and Robert
M. Eastman's Mike Hall.
play at Epsom in June by winning
HELENA MAY INSTITUTE.
OFFSIDE FROM A THROW-IN.
A HOSTEL FOR KOWLOON. MAKING USE OF GOLDEN
CHANCES.
ANNUAL MEETING OF SUBSCRIBERS.
BY ARNOLD JOSEPHS.]
allowed to have a throw, Some critics even suggest that the team which takes the throw-in is at a disadvantage because they have one player fewer on the field at that noment..
The twelfth annual meeting of [This is another of the series of articles written for the "Daily Bepress by the well-known subscribers of the Helena May In- stitute for Women was held yeater; referee.]
There has been much said and day in the hall of the Institute. Lady Clementi was in the chai: and written recently concerning the branch of the "Helena May, was ment of the throw-in, and it has to made the announcement that penalty inflicted for an infringe-
been suggested that when the throw- to be opened in Kowloon.
Lady Clententi explained that in is not carried out in the correct since the report was published there manner, the other side should be has been a good deal of discussion among the council and it had been decided to extend the work of the Institute in Kowloon. Kowloon was growing into so big a town that in a few years it might be larger than the City of Victoria, and it was Whatever advantage, or otherwise, felt that there was already, a real is gained by the side taking the need for a Helena May across throw-in, at present the penalty for the harbour. As a trial venture it any breach of the law is a free kick to the other side. Realising that the had been decided to rent a six-penalty is so severe, it is a player's roomed house at 8, Aimi Buildings,
of the Institute. It was a charming for the use of all Kowloon members
house and would be used as club room and a hostel, but it was intend ed to push on the work in, Kowloon and in time to have a building there similar to that on the Island. The
ba a membership list which would be representative of all the women of the Colony,
Belgh Count's Success. The former put up a smart dis-
the Coronation Cup, but wasn't quite good enough to win the Gold His Lordship in the course of Cup at Ascot, a trophy that many would rather win than the Derby his judgment said:
itself. Mike Hall came over at the The facts are these: On Septem. back end of the season and ran in ber 11, a leak was observed in the the Cesarewitch Stakes at New roof. The plaintiff's goods, in con- market within a fortnight of land- The ing The horse put up only a sequence, suffered damage: of the lessor who took inmediata the numerous handicaps against plaintiff complained to the agents moderate show, but, considering
him, was far from disgraced,
Probably the outstanding feature of an exceptionally interesting The year was the success of Iirsh bred horses. Most of the big races were won by animals born and bred on the soft grass of the Emerald Isle. Besides innumerable small races
action.
The roof was repaired on September 12. Rain fell during September 13 and/or 14 but no con sequent damage followed. shop was closed, on the evening of September 14. Subsequently rain water damage,
discovered on
duty to see that he does not err.
Assuming that a throw-in has several interesting points which are been correctly taken. there are closely related to it.It does not seem credible that a player should be able to throw a ball zo far as to put it into the net, but provi- sion is made for such an extraor dinary happening in Law o, which
from a throw-in." In such a case a goal kick to the opponents would be the correct award?
At the Police Station, witness September 15, occurred to the plain the following list shows the wins Council hoped that there would soon states, "A goal shall not be scored
Docks, Wharves and Godowns had stated that the notes were ex Whampoa Docks, after having re-amined by n money changer and ceded to 832 have recovered to a declared to be, genuine, but on the buying qoutation of $321. China following day, a foki failed to get Providents were sold down to 83 the notes' paid into the Chartered but are firmer again and buyers Bank a member of whose staff had prevailed at the close at 35.35, a declared them to be forgeries. fair number of transactions having taken place at intervening rates. Kowloon Wharves were placed at $147.
Hougkew Wharves at Tis. 190, Shanghai Docks nt Tis. 100 and New Engineerings at Tls. 7 are un- changed.
The concluding stages of witness' evidence at the former hearing had been to the effect that his firm was a large concern and that very many payments were received daily. Wit- ness said that he only received a few payment on November 4, conse Lands. Hotels and Buildings-quently he could tell who paid him Hong Kong and Shanghai Hotels the six $100 notes. Fall away in the beginning of the week to $10,10, but there have since been some recovery and buyers are now offering 810.35. with sales re- ported at $10,Hong Kong Lands are slightly casier and were placed nt 981 to 2011. Humphreys Estates are wanted at $14.40 after sales at this figure. Realty's have had a set back to $7.50.
"Public Utilities.-China Lights after having dropped to $16, close firmer with buyers at $16.40. A fair quantity of Hong Kong Electrics were taken off the market at 8043 and $05, and there are further ens quiries towards the close at 3051. Star Ferries have fluctuated between $70 and 970). Hong Kong Trams are wanted at $10.10. Telephones continue in request at $7.860,
Miscellaneous-Green Island Ce- ments (Combined opened with sales at 2121, but a strong demand for the shares has since raised the price to $13. A considerable business has been done both for Cash and for ward delivery at enhanced rates. Dairy Farms were realised again at the outact at $201, but have since strengthenesland can be
At yesterday's hearing. Mr. D'Almada asked witness how many payments were received that day and was told there had been thir teen and that of these witness had received three payments, only one of which had been in excess of $1,000, this being the payment by defendant.
Mr. D'Almada suggested to wit ness that he had made nine of the thirteen entries in the bock, but this was denied, witness stating that only three of the entries were in his writing.
Mr. D'Alamda :" Are you sure from someone else --Sure. you did not receive these 8100 notes
Is is not possible that these notes were paid by one of the firms en- tered in the book before the name of Lee Fung Hang i--No.
Mr. D'Almada suggested that the defendant paid six $500 bille and two $50 notes. Witness denied this. Ile alse denied that the defendant had repudiated at any time that the notes were not his (defcu-
dant's).
Answering, further questions wit placed at $201. Watsons were sold ness said that his son discovered forgeries. His Бол had down to 11. Hong Kong Ropes the
are on offer at 88. There are buyers previously discovered "forged 85 of Benquets at $1.70 after transne-notes. That was about six years
Raubs have ago. tions at this rate.
changed hands at 812. Shell Trans- Au Yeung Yuk Fai, the son, in port and Trading Company have evidence corroborated most of his declared a dividend of 2/- per share father's evidence. He said that his father relieved him at the receiv- free of Income Tax. payable.on January 6, 1930, Bearer Coupon No.ing counter while he went to the back of the shop to wash his head. 55.
Cotton Mills-Ewes were dealt in When he returned, his father hand- is down. Quito a number of into a fair extent up to Tls. 15, but ed him the notes received, and, on o account of forced sales for the examining them, he suspected the vestors have come in, but there are still a number of people waiting November Settlement in Shanghai six 8100 notes. He told Mr. D'Al- For lower rates before buying these the market is easier, transactions mada in cross-examination that he having talen pince down to Tis. had never before seen forged $100 shares.
14!.
banknotes, but that he suspected the notes. in the case, because they vari- rd from the genuine ones which be frequently handled.
"Why are people so keen on Ewos1
They can't get away from the fact that the prospects of the Com pany are very good and the con- cern is very sound," replied the broker.
What of December? "Will the December settlement in Hong Kong be effected?"
Rabbers. The following are the latest cable quotations received from Shanghai :-
Anglo-Javas Anglo-Dutch Batu Anams Chemora Kroewoeks Repaha Tanah Merahs Consolidateds
26 and December 23, 1929,
The case was adjourned unti!
Buyers. Tls. 7.75 Tuesday next.
New York Brussels Genevi Amsterdam
123.851
tiff's goods due to a new leak in the roof. On this damage the pre- sent claim is founded.
Action of Third Party.
It appears that the adjoining owner had been doing certain re- pair to his top floor, and it seems possible that the first leak was due to the displacement of certain tiles caused by the workmen who erected the scaffolding. No claim arises in this. connection.
In
The second leak was more ex- tensive. It was at a new point. A hole, several inches square, had been made on the roof through which broken tiles had fallen. the area round the hole a number of tiles had been broken. This hole was not, in my opinion, caused by pressure or the weight of the scaffolding, but by some forcible impact, which remains unascertain- ed. This cause probably com- menced to operate after the shup was closed on September 14.
Lessor Not Liable,
FI
Ireland claims for her own:
The Lincolnshire-Elton, Grand National-Gregalach.. City and Suburban-Pariz. Two Thousand Guincas-Mr.
Jinks.
Victorin Cup-Royal Minstrel Jubilee Athford. Derby-Trigo.
Northumberland-Bellynahinch.
Stewards Cup-Fleeting Memory. St. Leger Trigo. Duke of York Handicap-Double
Life.
Cesarewitch-West Wicklow.
Secretary's Raport. Interesting items from the Serre- tary's report were:-
The following ladies have astedags officers of the Council:-
President: Mrs. W.. T. Southor (in Lady Clementi's absence), Mrs. J. R. Wood (acted), Lady Clementi, M.B.E (from June): Vice-Presi- For many years.
Irish breddent: Mrs. E. D. C. Wolfc. M.EE., horses have been famous through- Mrs. J. R. Wood (from June): Hon. Secretary: Mra. E. Cock, Mrs. out the world, and the above re- markable display will add further
Strachey (from April): Hon, Trea- glory to their credit. Mr. Jinks
surer: Mrs. J. Fleming, Mrs. Bur. and Royal Minstrel are by the same linghun (from December). sire, also Trigo and Athford, these latter being full brothers.
The Totalisator.
of this country the totalisator was For the first time in the history
used on some of the racetracks,
during the season, The machine In these circumstances the Court operated only on a small scale but aufficient to win the approval of is asked to hold the defendant li- the majority of racegoers. On an "able for a breach of his covenant
average the Tote paid bettors about to repair. In "Goldring
40 per cent higher than the book- Humphreys Estates and Finance
makers. Only two meets, New- Co., Ltd. (1909) H.EL.R.," it was market and Newbury, are to be held by the full court that the les-equipped with permanent totalisa- sor's covenant to repair the roof tors, according to the present plans was an undertaking to use due care of the Betting Control Board. to maintain the roof in good re- Other tracks will be entered for by
means of a portable, apparatus. pair, and that before the lessor can be held liable sume want of duc care must be shown on his part. Here, the present plaintiff seems to me to have failed. What has happened has resulted from the action of a third party which took place shortly before the discovery of the damage and of which the lessor had no knowledge.
My judgment is for the defen- dant, with costs
TO-DAY'S WIRELESS
PROGRAMME.
¡.
BROADCAST BY 2.B.W. ON
335 METRES.
However, the Board has so far found no scheme of including in the totalisator the bulk of betting in England. This is known as Starting Price" wagering con- ducted by stay-at-home bookmakers throughout the country, and is reckoned to be approximately 80 rer cent. of Britain's betting bill.
In the winning owners list the Aga Khan occupies premier place with a total of nearly £40,000 to his credit. Next came Lord Derby and Mr. Wm. Barnett, a Belfast corn merchant, with about £30,000 each. The latter has jumped into fame by the aid of Trigo and Ath ford. Others in their order of winning amounts were Major D. McCalmont, Lord Dewar, Lord Woolavington, Sol Joel, Jock." Whitney, and Lord Astor,
The membership now numbere 435, this includes 77-new members. There are 10 quarterly members.
In my very early days it waS thought among juniors that if an opponent was not standing ✨ near the player about to take the throw- in, then that player could merely drop the ball and kick it up the | field.
This is entirely incorrect, for even should the ball slip forward, although correctly thrown in, on a wet day, the law states, "The thrower shall not again play until the ball has been played by another player." This should never be for- gotten, because the penalty for such an offence is a free kick to the other side.
Vital Feature.
It is interesting to note that this is one of the few free kicks from which a goal cannot be scored direct,
A Bronze Tablet has been placed in the hall of the Club to comme
The most vital feature concern- morate the original donors and theing the throw-in is that which re- purpose for which the Club atands. fers to the position of the other It hears the following inscription:- players and their relation to the.
"The Helena May Institute for offside law. women was opened on the 19th of I have known" cases where a September, 1918.
throwin has occurred very near to
"It was founded mainly through the opponents' goal line. The win- the generosity of Sir Ellis Kadoo-ger of the attacking side has taken "rie, Kt., and Mr. Ho Kom Trng, up a position nearly on the goal O.B.E., assisted by many other line, while his inside forward has subscribers, to commemorate the stood between this winger and the valuable service rendered to the player who took the throw-in. Beth colony by Helena, wife of Sir these players hind only the goal- Henry May, K.C.M.G., Governor keeper ahead of them. of Hong Kong.
"This Institute stands a means of furthering the Social Service to which Lady May devot- ed so much time and enthusiasm." The exterior of the building was
repainted.
Afire escape, with patent extension, has been fixed, at a cost of 2850, and red lights for guidance to exits have been put in both corridors and on stairways and various minor internal alterations made.
A new Grotrian Steinway piano was bought and has proved a great
asset.
When the throw-in was taken, the ball was sent direct to the inside forward, who passed to the winger. I blew my whistle for offside, but was informed that I was wrong, because Law 6 states "a player is not offside when a throw-in is taken.
That was quite true, but when does a throw-in terminate?
Immediately the ball is played by another player the throw-in- has terminated. Hence the win ger was offside, not from a throw- in, but in ordinary circumstances, What a different situation would have presented itself had the player taking the throw-in sent the ball Leger. A week later Trigo return direct to the winger., Irrespective ed to his native soil where he of his position, he could not pos added further to his laurels by sibly be offside, and on this occa winning the Irish St. Leger. The sion, being almost on the goal line, smartest two-year-old seen out was his next kick, if in the field of
Lord Lord Derby headed the breeders probably
Woolavington's play, must be a back pass, which list; his £30,000 winnings were Press Gang, a Hurry On colt, which incidentally puts all his side on- practically by the aid of his own was such a delicate yearling that side. 7.19 p.m.-Evening weather report.stock. He was closely followed by he wasn't considered good enough
to be nominated for the Derby. Major McCalmont, Mr. Wm. Bar- p.m.-Evening programme of
nett, Mr. J. J. Maher who is a well. Columbia records supplied by known Irish breeder, and the Aga Messrs. Anderson, 10.30 p.m.-Chinese programme. 11.30 p.m.-Close down.
11 to 11.30 a.m.-Commercial news, 1 to 1 p.m.-Demonstration pro-
gramme,
1.48 p.m.--Weather report.
* 4.25
9
75
1.25
2.10
1.45
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE).
1.05
2,75
RUGBY, Nov. 28.
Raw rubber is quoted at 7.15/16d. Forward Settlement Days.-Nov.
Paris
4.87 27/39 34,87
23.13
12.09
03.17
Berlin
90.30
Stockholm
19.13
Copenhagen
18.19
Oslo Vienna Prague
18.90
34.67
184:
"Helsingfors
1041
Madrid
35.02
Lisbon
108
373
817
"The December settlement locally is the heaviest since 1995, but the bulk of the shares negotiated local- ly for December had been sold at prices lower than current prices, so that we are practically safe as far as Hong Kong shares are concerned.
"The strained position in Shang" Proposed Clearing-House for Stocks.hai is chiefly over Rubbers and investment "Will any system be introduced Cottons, but their amongst brokers to make the settle stocks, like our own, are very sound, ment more orderly than it has been the over-speculation being confined only to rubber and cotton. As soon in the past f
The Hong Kong Stock Ex- as they have negotiated the Decem- change and Sharebrokers' Associa- her settlement, which is very uncer tion is contemplating a clearing tain at the moment, the market house for all future settlments ought to take a turn for the better." Our informant concluded the in- whereby no scrip changes hands un- til all cheques have been cleared.terview with this interesting bit of We hope to get this system fixed up news:- in time for December, but we are waiting for the foreign banks to approve the scheme, because it is atill in the embryo stage and they want to sco a practical way of work! ing it out in practice.
Rubber and Cotton. jaghat about the December settle mony in Shanghai How will the present liquidation in Ewos affect the settlement?
(Continued on next Column:)
"In Shanghai many years ago (I think it was in 1920) they had a big cotton slump, but they tided over this without much difficulty, and arrangements were ninde to assist these who could not meet their 'com. mitments. The only trouble now would seem to be the reluctance of weak helders to disclose their posi. tin. If they win Oyo CHIE there is little cause for anxiety, as some arrangement can be made by December.'
Milan
5 25/32
46 5/16
1/5 27/32
2/2
1/8
Athens Bucharest Rig Buenos Aires Bombay Shanghai Hong Kong Yokohama
2/01/16 Silver (spot)
221 Silver (forward) ..... 228
[Daily Share Quotations will be found, on page 11 of this issue.}
SUNDAY.
MORNING SERVICE RELAYED FROM ST. JOSEPH'S CHURCH.
Khan."
Buccessful Trainers,
Again, all the rest of his team Major D. McCaimont's Tetratema would be behind the ball when he headed the sires list with a total played it, with the result that they af £80,000 to his credit. This again would be all onside. As may be expected R. C. Daw- horse is a son of the once famous This is a movement which is son who numbers the Aga Khan Tetrarch, which was familiarly worth full consideration by those among his patrons heads the train-known as the "rocking horse" on taking part in the game, and if ers list by a huge majority. With account of his spotted grey coat. carried out carefully many of the
Others whose progeny proved very golden opportunities which at time successful-were Mr. Wm. Barnett's present themselves would not be Blandford which aired the Derby wasted, winner, Trigo; Lord Woolavington's Hurry On, and Sir Abe Bailey's. Son-in-Law.
a stable of 30 horses this trainer won over £70,000 in stakes for his patrons. Next came F. Darling with £42,500; followed by H. 8. Perase, J, Lawson, F. Butters, Capt. C. Boyd-Rochford, and S. Wootton.
Among the jockeys the leaders at
Figures showing the extent of a Programme:~1. Holy Mass: (a)
The Doncaster yearling eales, successful boxer's income and the which are generally accepted as an items of which it is made up were Kyrie (F. Cappocci); (b) Ser the finish of the season were indication of how the breeding in recently disclosed in New York in mon Man at the Bar of Richards, F. Fox, I. Wragg, Mr. Judgment." preached by Rev. Beary, T. Weston, O. Ray and R.dustry standa, were well attended, the course of an action for breach Father G. Byrne, S.J.; (c) Perryman, Steve Donaghue figures though no sensational high prices of contract brought by Mr. Timothy Offertory, Trio (A. Riganti), for very low in the liat this year. Many showed a decrease of £100,000 from Mr. Gene Tanney and his former were realized. The total turnover Mara, a sports promoter, against violin, cello and organ; (d) regular racegoers any Steve has
last year's figures. Sanatus, Benedictus, Agnus passed his prime and seldom one
However this manager, Mr. Billy Gibson. It ap- can hardly be taken as showing a pears that since the first fight with Dei, (F. Cappocci); (e) Post-hears the popular cry Come on Communion (G. Furlotti), for Steve" nowadays but Steve can
set-buck in this important branch Dempsey, in September, 1920, Tun- ney's net earnings have been about of racing. violin, 'cello and organ 11. afford to rest on his laurels which
The real reason was probably the 81,715,000 (£343,000). His expenses Benediction of, the Blessed include four Derby victories.
absence of several owners who during 1927 amounted to nearly Sacrament.
were big bidders in recent years, 8500,000 (2100,000). For film work notably the Aga Khan, Lord he received only one-tenth of what Glanely, Lord Beaverbrook, and was paid for his appearances on the Sir Hugo Cunliffe-Owen, Most of stage and a quarter of what be these are now breeding on a large made by writing for newspapers scale and selling their own surplus and magazines, which in 1929 Stock The Bigiott price pad andmed EBO £8,500 for an Irish bred filly by broadcasting during the same year
he received less than $2,000 (2400),
11 a.m.-Chinese programme. 1.48 p.m.Weather report. 7.48. p.m.-Evening weather report,
p.m.-Evening programme of HMV and Vicar treords supplied by Messrs., Moutrio & Company. 10.30 p.m.-Close down.
-The Siros' List,
The best horse of the year was undoubtedly Mr. Wm. Barnett's three-year-old colt, Trigo. This horse experienced bad luck in the rice for the Two Thousand Guineae Nenälkit, but won the Derby in good style, afterwards the St. (Continued on next Column.)
Tetratema.
I