12
TIENTSIN PAPER IN
HOT WATER.
“YI SHIH PAO" INCURS OFFICIAL WRATH.
A DISQUISITION ON WANG CHING WEI'S MOVEMENTS.
THE HONG KONG DAILY PRESS, FRIDAY, MAY 16, 1930.
Money and Markets.
MAN BEHIND THE MILLIONS.
MR. NORMAN'S AID TO INDUSTRY.
lies
For printing a report saying that
According to the latest balance Mr. Wang Ching Wei, Left Wing
sheet of the He Hong Bank. Ltd.. leader, will not seme North for the
Behind the birth of the Indus-whose Hong Kong office is at 13, present, the Tientsin Ti Shik Pan, trial Securites Company, with its Queen's Road Central, their gross one of the oldest daily publications capital of £8,000,000 for the ration-profit for the year 1929, after pro- in the port, was strongly assailed lisation of decayed and decliningviding for bad and doubtful debts
industries.. last week by the Press Censorship personal story.
interesting
and making the usual reserves, Hareau established in the Head-
This concerns the personality of amounted to Straits $1,475,378.63 quarters of General Fu Tso. Yi..man who, although in the public (at exchange 720/4- Hong Kong Commandant of Emergency Affairs ye for a long time and familiar 82,028,298.30).
to newspaper readers by his photo- in Peping,
graph. remains a mystery to all but a few.
ܕ܀
DAILY SHARE QUOTATIONS.
HONG KONG STOCK EXCHANGE.
Banks
H.K. Banks .......$1,410
Mercantile Bks. "A"
FOREIGN MAILS
RADIO NOTICE.
Individuals and firms are recommended to register their tele- ∙graphic address at the Radio Office. No charge is made for this.
The attention of the Publie is specially directed to the time of closing the mails for Europe by the as. Hakone Maru this week-end The mails will be closed at 5 p.m. on Friday, the 16th inst, instead of 8.30 am on Saturday which is the nanel time.
From
· SHAREBROKERS ASSOCIATION. '
Bayare
Bailers
Sales Femina!
THURSDAY,
MAY 15.
Buyer Salier Sales Nominal
HO HONG BANK, LTD.
HANDSOME PROFIT FOR
PAST YEAR.
$1,415
1,410/1,425
D
212 217)
Do. (London) ...]
Chartered Banks ...
£30
***
***
£12
$115
Do. Bank of East Asia... } $112
C
£181
£13
,!
Insurances
$9:0
Canton Ins.
1880
4.
$1.80 $1.80 1.70/1 T.100 $470
INWARD MAILS.
Underwriters
$1.70
$1.75
North China
*T180
475/80
Union Ins.......
$470
84784
M.$60
Yangtze Ins..
$80
PEE
DTI
$360
$910
China Fires H.K. Fires....
8355.
$900
Nagpore
16th May
Shipping
Zoema
16 h May
1237 Douglases.
321
Hakone Huru
$24 Steamboats.
$25
Sunning
20th Ma? 17th May
ት.
$43
Indos (prof.) ...
$40
Do. (def.)
Pres, Adama
17th May
98/3
Shell Transporta
Water-boata
330
Eusort via NEGapatam (Papers Duly
London 17th April
Havelland
17th May
AXOT
Thisaiak...
19th May
Kining
JATAN ...
+Santos Maru
10th May
JAPAN...
Kayu Maru
19th May
Pro. Taft Sphine
19th May
64
Suoh May..
Ohichibu Maru Üremer
9th May
21st May
Tango Maru
22nd May
Pres. HoKinley Mantua
23rd May
*
Surd May
Empress of Russia
16h May
After writing off expenses, depre- f a statement to the Press, the
ciations, and other charges, the Buren says that the report which As Governor of the Bank of Enz nett profit amounted to Straits the Ti Shik Pan se prominently land for ten years (and still hold-9871,721.4, which made, together
ing that position) Mr. Montagu with ite front page is displayed on
the balance of Straits Norman has had many opportuni- sothing but a telegram which ties to influence the course of prade 138,172.11 brought forward from Wang addressed. to General Yes by means of finance.
1828. total amount of Straits IIs Shun about a month ago, and
Hong Kong 8973,798.70) available 3703,803.34 (at exchange 72.3/4 for distribution.
that what the paper did was simply to alter it and bring it up to date.
The statement further says that since the bureau was established it » has always taken care not to call to account any paper for reports which were mere errors of judgment on the part of the editors, but that when a paper stoeps to deliberate alteration and misrepresentation it canhot but act.
The Ti Shik Pro, cr The Social Welfare," was started by a group of Catholic priests and was at one Ame registered in the American Consulate in Tientsin. It bas a Being edition, but it is understood that the sister publication is not offeeted by the Tientsin order.
AMERICAN TARIFFS.
PROTESTS AGAINST PRO-
POSED INCREASES.
[REOTER'S AMERICAN SERVICE]
WASHINGTON, May 14. The State Department discloses
that thirty-three foreign nations have protested against the propos ed increases in the United States' taris.
||
A COTTAGE FOR £10.
EFFECT OF DEPRESSION
SOUTH WALES.
|
When the history of the ration- alisation of British industry comes to be written, it will be recorded that he was the chief mover in the enterprise which is expected to do more for, the prosperity of the country than anything which has happened since the war.
The First Step.
Mr. Norman has been studying our industries for years. He felt that such a study ought to be un dertaken by someone, and, nobody else came forward, he set to work himself.
as
He came to the conclusion the chief need was to clear the ground of many firms and factories which are unable to prosper by themselves and yet are unwilling to amalga- mate with others
The first thing he did was to support officially a survey of the situation by leading-economists. This survey fully engines as are needed. Actually there are 13
In the steel industry the posi- tion was found to be particularly uuhappy. More money it is be lieved, has been wasted in that direction than in any other.
A.
their annunt general meeting held This amount was dealt with at
at Singapore on May S as fol 1013:-
$::*:1
gumm
...
Payment of 10 per cent.. dividend, Straits 8-400,0DC (Hong Kong 8349,828.18): Transfer to equaliza tion of dividend account, Straits $30,000 (Hong Kong 865,728.52): Payment of directors fees, Straits $1400) (Hong Kong $15,74570); Carry forward to 1930 account, Straits 8949,593.50 (Hong Kong $13 Straits $709,593.56 (Hong Kong $39 $343,-196.30); making a total of $5.90 8075,798.70).
PERAK HYDRO-ELECTRIC
SCHEME.
OPENING CEREMONY ON JUNE 29...
Though the rinine of the Perak River Hydro-Electric Power Co. has become familiar to the people of Malays during the last three years, it may not be generally re
T.8 T.260
$7
Banquets.
41/3 Kailans
T13.10 Langkata (comb)
T.7
Do. (single)
T1.16 Explorations..
T6.86 Shanghai Loans
Godowns, ate.
(London, 25th April)
JAPAN & SHANGHAÏ ...
SHANGHAI
SEGRAL & EUROPE via SIBERIA
SHANGHAI & SWATOW
U.S.A. (San Francisco. 18th April),
HONOLULU, Javan & SHANGILAI
$212
Raubs
Australia Maxita
81/-
Tronch Mines
19/3
JAPAN & SHANGHAI
·Docks, WharTES,
JAZAX & SHANGHAI
175/8 3 88.05 36. 5/10
HK. & K. Wharts... 3150
1771/9
Providents
38.057, 10
H.K. Docks
$30!
T.133
Shanghai Docks
T.131
18.05
$13 #791
$13.20
$80
T.172
$15
www
Some works are badly equipped; others are over-equipped for the
rdera they get. Almost everyalised that the work which the com- $14.90 where the story was the same. pany has carried out is one of the, biggest electrical undertakings in the world.
Then
The Big Step.
823
1764
Finance, led by Norman,et in the Kinta. Valley, a work $20.49 $30.85
it was decided that Such is the case, however. Situat- should come to the aid of Industry. which will supply electricity to a The prominent men in all parties vast area of country is now all were consulted and promised to do but completed. The opening cers what they could to help. But themony will be performed by the thief part will be played by the High Commissioner
(Sir Cecil company and the big banks. Clementi) at Chenderoh on June When any business nks for as- es, marking the completion of a INsistance from a bank or begs for unique scheme. The work has in- a continuance of accommodation volved many difficulties, but these already given, its' condition will have been successfully overcome, be closely looked into by the agents and the plans have been carried of the company.
through in excellent time.
One effect of the prolonged de pression in the South Wales cos. field, coupled with the high rates, is remarkabe slump" in the pro- perty market. Working-class cot- Lages are changing hands almost at scrap prices. At a sale at Mer; thyr a cottage producing a grosk antal rental of £13 188. 8d., and with 12 years' unexpired tease, was ld at £10. Prices accepted for her houses at the same sale rang-
from £42 to £86, "Bricks and mortar are not the profitable investiment they used to fe," said a well-known auctioneer. With widespread unemployment. working-class tenants fall heavily in arrears of rent, and landlords, whether they draw revenue from the houses or not, are compelled to heep them in pair and pay rates Jo full. As a result bidding, for witch cottage property as comes into the market is practically negligi. ble."
The rates at Merthyr are s in the pound, and unemployed nen 'on the local register number 3,387, with almost another 1,000 on short time.
It was announced at a meeting of the South Wales Divisional Committee of the Coalfields Dis- tress Fund that over £801,503 and « quarter of a million pairs of boots have been distributed in
· South Wales since the inauguration of the fund.
EXCHANGE RATES.
(BRITISH WIRELESS SERVICE).
Paris
New York
Roapy, May 14.
123.06
4.85.31/30
If it appears, as in many cases it will, that it ought not to go on as an independent concern, it will be asked to consider amalgamation. Only on that understanding will the banks give it further help.
"This is considered by good judges in the City and in the country generally, to be the most hopeful step yet taken for the re-establish ment of industry and the eventual relief of unemployment.
If the intentions of the new com- pany due to Mr. Norman's wise foresight are realised, British economic life, will get a fresh start on a much more stable basis and with far greater hope of complete
recovery.
New Engineerings
Hongkews.
Cotton Mill
***
H.K. & S. Hotola H.K. Lands Shanghai Lands
$11.10 HK Realty's...
Humphreys
Chinese Estates
Public Utilities
Tramways
Peak Trams (old)... $11
8761/h
C. Lights (old).....
Do.. (now) 823
H.K. Electrics $764 376 3761 Macao do.
Bandakan Lights ...
144
144
U.S.A. (San Francisco, 15th April,
HONOLULU, JAFAN& Shangri
JAPAN
SHANGAA!..
U.S.A. (San Francisco, 26th April),
HONOLULU, JAIAN & SHANGBA!
SWATOW de AMOY
U.S.A. (Heattle, 3rd May). Ganana
JANADA (Vancouver, BC, 8th May),
U.B.A, JAPAN & SHANGHAI
OUTWARD MAILS,
REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before & am, registered and parcel mails are closed at 5 p.m. on the previous day.
Fox
***
+ **
T13.80 T.14
Ewos
T13.70 ex righ $14
1.82 T.81
S'hai. Ctons (old)... Do (auw)...
178 176
T.io Zoong Singa
T.10
Lands, Hotels and Buildings
PER
1.
DATE & TIME
812.95 813.10
$784
Friday,
***
19.30 $14.95
Fort Bayard
Sunkong
16th, 8.30 AM
Shanghai &*BUROPË “Biberis
Promina...
.
25watów, Amoy a Foochow
Haining
Tanda
Mandis
Zosma
b.30 ▲ X 8.00. 2,30
=
3,30 M
Kowloon P.O.
$20.50
$11
$3.06
Do.
(now)...) 853
A
$85
***
8287
$824 999
Star Ferries
283
385
Straits, Legion, Indis, Mauriting, E. & South Africa, Aden, Egypt and LUROPE in arcule-due Sint- mollies, 15th Jane
Lakini Mari...
Reg. 4.30 Ltters
Reg.
4.80 2 U.P.U.
6.00
444
329 29/291
Letters 6.00 ƒ m
***
Hoilow, Priboi and Haiphong
Тонгале
Limehow... Uhwng Kong
'5,00 ra 5,00 m
Saturday, 17th,
Swetow & Bangkok
straiza
Michael Jobson ... Nagpore
-
10.30 X
10.30 AM
Bosany
Parcela Lettera
Noon
1.00
Saigon
Wishing
Manila
Amcy
kņu. Adama Antung
4,30 F M 5,00
5.00 M
444
IPR
Sonday, 18th,
16.45/50
Do
(old),
32+
$11.
Bangkok via Swatow ... Dwatow, Amoy & Formosa
Kiungu"
olen Maru
Do.
(new)...
Ropes - $81
39
Pria. Jackson ...og.
China Sugars................
827
Malabon Sugars ...
$29
9.00 a 9.00 AM
Monday, 19th,
arcela
Latte a
——
3.00 M
4:15 PM
5.00 PM
United Asbestos
Heg.
5,00 M
$5
+40
Pres, Jack
Letters
6.00 =
.
Bunice Haru
5,00 P
Parcels
6.00
9.30 AX
87
· 8134
Telephones
T.161
China Buses
*10/.
Tractions
15/6
Do.
(prof.).
# :
$16.60
The transmission of the scheme presenta unusual features. The volt lines, 52 miles long. are ear- ried on steel towers 70 feet in height, with a span of 1,000 feet between the towers. To erect these
$11.10 towers and string the lines the co- gineers had to traverse SwROIDS, $9.10 jungle, rubber estates, roads, $1.20 rivers and railways.
Special precautions have been taken to ensure the safety and con- tinuity of the supply. The sever- ity of lightning storms in the arcs is, unequalled anywhere in, the world, but owing to the protective devices used the interruptions so far experienced have been few- Straits Times.
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from their cor- respondents, Messrs. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz, Bassoon House, Shanghai, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:--
Tone of Market—Irregular. ', New York, May 14, 2030.
No. of Shares 'done-3 million.
Call Money-3 per cent. “
American Smelting
Anaconda Copper Baltimore and. Ohio Borg Warner
Industrials
T10.70 Caldbeck, orl)
Macgregor (pref.) Canton Ices
Cements (comb.).
T.11
#184
$25 31
8251
$29
31.70
Miscellaneous
Dairy Farms Der A. Wings.. Amusements
Constructions
Lane Crawfords Mackintoshs 19
8132
$262
$30
$1.70
$31.
(old)......... 811 (now)...... $10.40 Watsons $12)
Do.
$103
144
Nanyang Tobacco...
$12
Sincerca
$12.40
69'.
pre
་་་
82.85 Wm. Powells $21
B. Ind. G. Bondis... 88
HK. Govt Loan ...
$106
LOCAL AND REGULAR OUTWARD MAILS.
Japan, Bonolulu, Caunda' U.S.A., U. & B.,
America & *LUBOPE via San Fran- cisco-due San Francisco, 11th June ...)
Shanghai and EUROPE via Siberia #Saigon, Straits, Ceylon, India, Maritius
Sat and South Africa and *South American Porta...
*Manila, Australia and New Zealand via
Thursday Island
Island, Sist May
Manila "Australia and
Thumway land
Leland, 2nd June
| Swatow, Amoy & Fooshow.
das Thursday Taiping
-zigou, "Straila, Ceylon, India, Mauritius,
Eat and South Africa, Aden, {| Sphina...
Bay, 20th,8.45 AM ĮLetiera
Tuesday, 20th,
5.45 Laiters 9.30)
10.30 AK 10. M
Kowloon P.Q. Reg. 1.60
Lettera 1.00 a U.P.0. 'Box. 1.45 Letters 2.30.1 x 4.3J PM'
Wednesday, 'als',
8.30A4
Batavia
New Zealand vis
das Thursday Kaga Mara
M
Thisalak Haichang...
*Egypt & "EUROPE via Marseillesm das Marssillas, 21st Jume
Mazils
Batow
***
SUNDAYS & HOLIDAYS
Удом Amoy
FROM SHRUNGWAN G.F.O. BRANCH
•2.0.
Fres, Taft..
WEEK DATE.
Fon Shing Taiyuan...
FOR
FROK G.P.0.
FROM SKLUNGWAN BRANCH P.O,
Thursday, and,
Haibow
Straits
Kiungchow Uremer
7.15 am. &
16.00 p
7,30 1.20. 7.00p.m.
7.15 am. & 6.00 p.m. Sundays
p.m. only
7.30 am, &
Friday,
30,80 AX 10.30 AM
23rd,
7.00 p.m.
Chengts
Bundays
7.00 p.m. only
Wei Hai Wai vin Swntow and Foochow
Japan
Kueishow Tango Maru
Idwalow, Amoy and Foochow
9.30 AM
··9.30 & M
1,00 M
8.30 & M
!
1.80 p.m.
Sandon
Bobow, Pathos and Haiphong
(7.36 am, &) 7.30am.
1.15. Bundays
8.15. Lonly -----
6.00 p.m. 6.00 p.m.
8.30 am.
Lonly
6.00p.m. 1600 p.m.
Straita, Ceylon, India, Mauritius, E. & R. Africa, Aden, Egypt & EUROPE VIL
·Marsilindas Marseilles, 20th June,
Last -Dividend.
Latest Sales 71
Canton
62
218
38
Macao & Tinstan
Chrysler Motors
3
.30
7.15 m. & 7,30 a.m. 11.16 p.m.
1.30 p..
Brussels
34.815
City Service Common
30c, A
28
Geneva
25.13"
Curtis Wright Comman
Nona
Longmoon (except Saturdays) 6.00 p.m.
Amsterdam
12.031
Eastman Kodak ......
8B
950
Milan
02.08
Electric Bond and-Share
'Kankong (except Saturdays)....
6:00 p.
100
Berlin
20.303
Erie Railroad
None,
*49
Fatahan (By Train)
Stockholm
18.123
General Motors
49
Tal'0
-Copenhagen
Oslo
18.10.
General Ry. Signal
18.10
Gold Dust...
Tal Po
Vienna
34.403
Goodyear Tire and Rubber
Prague
104
Granby Consolidated
Shamchun
Helsingfors
193
Hudson Motors .......
48
Madrid
20.815
Lisbon
.108.00
Athens
373...
Badia Corp
International Cement International Nickel' Montgomery Ward *Nevada Consolidated
sturing
34
Cheangshow
45
7.16 .. "8.00 $113. $9.00 a.tu, & 12.00p.m.. 9:00 am, {8.00 pm.
12.30 p.m. & 4.30pm. Saturdays 1.00 p.m. & 1400 P
7.15 cm. 9.00 & 9,000
Manila
110 Am.
(11.00am
Shanghai
& 1.30 p.m.
8.30 ..
3.30
Buenos Aires
43 1/16
Sears Roobuck & Co.
D
Autan, Pingahan, Santis,
Bombay
Shanghai
1/13/10 1/10
Simmons Co...
a£
43
Shatin, Shatankok ani)
Standard Oil Co. of New York
1.60
Sheungehul
8.00 p.m.
Hong Kong SA
1/54
Union Carbide and Carbon,
2.60.
88
Balkong...
¿
4.30 p.m
_10.30 am.
4.30 p
Yokohama matin 2/08
Silver, spot & forward, 19 1/10
U.S. Rubber.
None.
Namton, Shekki & Taiping
(Fumin)...
100 pe
Manila
7,00 pz.
United States. Steel.
176
Mantua...
Kowloon P.U. Parcela
4.30 KM te.Sith,9.00 AM Letters
Par 23rd, 5.00 ||Reg.,24th,9,45 a M Letters 10.30 A
Saturday, 29th, 10.80 A Monday, 26th,
10.30 AM Koseloon F. 0.
Fres. McKinley'..
Hakusan Maru
Reg.
*1.00 M
Lotters 1.00'
G.P.O.
Straits ICeylon, India, Mauritius, E. & R..
Africs, Egypt & EUROPE vis. Mar Perseus... mailles-das Marseilles, 27th June...
Torsday, Sithi
Emp, of Russia.
8,80 7
"Superscribed correspondence only,