CHINA PROVIDENT LOAN & MORTGAGE CO., LTD.
NOTICE.
NOTICE IS
11
HEREBY GIVEN that AN EXTRAORDINARY GENERAL MEETING of SHARE- HOLDERS in the CHINA PE VIDENT LOAN & MORTGAGE COMPANY LIMITED, will be held * 16TH Day of WEDNESDAY, JULY, 1930, in the Company's Board Room, ALEXANDRA BUILDING, HONO KONG, at 13 O'CLOCK NOON, for the purpose of consiering and, it thought ht, passing the following Basolations; 1.That the Capital of the CHINA
PROVIDENT LOAN & Montolon COMPANY, LIMITED, be increased from $3,000,000 to $4,500,000 by the creation of 300.000 Shares of $3.00 oach and that the 3000,000 Shares of 45. each shall each rank for dividend and in all other respecta pari patsu with the existing Shares of the Company. `.'
for every
That in the erant of the above. Resolution being passed, 294,789. Shared shall be issued and offered ia the first instance by the Director. st par to existing Shareholders on the Register of the Company as at the 18th day of July, 1980, rateably in the prop ONE Share Shares held by such Shareholders, and in the erent al any of the said 294,769 Shares not being taken up by the Share holders within the time stipulated by the Director, the Board shall be empowered to allot them or dispose of them as they in their discretion deem expedient in the interest of the Company,
NOTICE IS ALSO HEREBY GIVEN that the TRANSFER BOOKS of the Company will be CLOSED From MONDAY, Tax Tn Dat or JULY, 1930, to WEDNESDAY, THE 15TH DAY or JULY, 1930, Both Days inclusive.
Dated thin Twenty-sixth day of Jane 1950,
· By Order of the Board of Directors,
'D. L. KING,
Secretary.
[9579
SHIPBUILDERS,
SHIP REPAIRERS,
BOILER MAKERS, FORGE MASTERS, OXY-ACETYLENE AND ELECTRIC WELDERS,
MECHANICAL AND
ELECTRICAL
ENGINEERS.
MORE SCHOOLBOY HOWLERS.
EDUCATED COWS THAT PRODUCE BUTTER,
"Herrick's chiel work. was Little by Little.'".
[+
This is a delicious note in the hawlers" of "Smith schoolbay. Mizor Again," compiled and edited by Mr. Colin Mellwaine. N Master Smith thinks:-
love
A spoonerism is a 'affair."
The animal with the greatest attachment for man is woman."
An epistle is the wife of an apostle
"The population of London is hit too thick."...
"In Memorandum is Tenny- son's most famous poem.".
Civil servants are people who lived long ago. There are none left now.
As a translator this lad can be
witty
"Hors de combat,-War horse." But he is weak in geography:
Denmark lies to the east of the Gulf Stream The Government of Denmark gives its cow better
HONG KONG DAILY PRESS, TUESDAY, JULY 1, 1930.
NEW YORK STOCK EXCHANGE.
FURTHER LOW LEVELS REACHED.
-SHARP RECOVERY ON SHORTS COVERING."
(UNITED PRESS.]
New York, June 3-With heavy selling registered on the New York Exchange to-day, many new low prices were reached soon after the opening, says the daily review of the "Dow Jones Financial News Agency.
THE POSITION OF SILVER.
POSSIBILITY OF FURTHER DECLINE.
U.S. PENSIONS BILL DILEMMA.
QUESTION OF INCREASED TAXATION.
[UNITED PRESS.]
Dealing with the slump in silve the Financial Times, London, says the metal has exhibited some start.
Washington, June 93-Leaders of ling rises, and falls in the part 13 the various Senate groups conferred years, and the view is held that hurriedly to-day in an attempt to still Tower levels will be reached.
decide na to what their procedure. Highest and lowest quotation and should be with reference to the the average for the past 13 years World War Pension Bill, in view are shown in the following table:- of President Hoover's hostile at- Averagetitude and the prediction by
1915
Following this, there was a sharp 1917 recovery, largely due to covering on 1919 the part of the shorts." There was, however, considerable invest- 1991 ment buying.
Highest
Lowest
271
d.
26/161/16 various officials that there will be. 96-11/18 31.3/18 an increase in taxes if the measure 33.11/16 40 is passed.
1914
37 53
483
42)
1019
473
47.0/16 87.1/18
1820
391
61
43%
300
341
1029
"Commodity prices and general trade news were little changed.
1923
33.11/16 30)".
1924
36.1/16 31
1925
33.7/16 311/16
31.13/14 24
og
1928
1929
31.7/18. 31.13/16 34. 32)
11/18 242% 21.1/32 287
28.1/16 201 20.7/16 21.3/16 247/10 The world's production of silver last year amounted to "236,500,000 fine ounces, which was a little, less than the output in 1923. Of the
Many traders are of the opinion 1928 that the recovery is only technical 1827 technical education than our Gov-and productions are being made erament. So we get butter from that it will not held: them."
Politically he favours Labour :- "Ramsay MacDonald has come to stay. He was a poor man in the Highland vales. Now he is ich, and dines often with the Lord Mayor."
"I would be unwise to follow him too closely as a Biblical authority: "The Bible was Moses's greatest
was
Abrahams
With call money continuing at 21, per cent, the money situation was still easy.
The Administration's stand places supporters of the Bill in an extra- ordinarily difficult position, for whereas they had expected to reap maty votes from grateful veterans this autumn if the Bill went through, they are now confronted with possible anger of the elec- torate because of an increased tax levy.
LATES.
Sales for the day totalled 3,836,440 1999 production, Mexico accounted Administration leaders that enact-
shares.
Utilities and Industrials. The Dow Jones average for 30 work. There is very little to pro-industrials was up 4.28 to 219.35. note laughter in it.".
U.S. Steel closed up 1 to 136, "Deuteronomy third wife, and the father of his Bethlehent was up 21 to 79 and handmaid Ishmael."
Ludlum was off to 214. American Smith. Minor also believes that,
has two humps,
for 41 per cent. and the United States of America 24 per cent, Some 20 per cent, of the United from dry States output comes siliceous ores and the balance is derived from ores containing large quantities of lead, copper and zinc. American production during the
In spite of previous declarations by President Hoover and other
ment of the Veterans' Bill would saddle additional taxation upon the people of the United States and prevent proposed tax reductions, the Seaste to-day passed the Bill President Hoover is expected to veto the measure.
valike the human being, the camel Rolling Mill was up 2 to 54 past decade has shown little expan committee
-DRY DOCK-
American Waterworks closed at 80tion although world output has up 4. Westinghouse was up to Other large producers are Canada, gone up by about 48 per cent. 133. General Electric closed up Peru and Australia. to 684 Eastman Kodak was up 41.
to 100..
OF HONG XONG, LIMITED. THE TAIKOO DOCKYARD & ENGINEERING COMPANY
SALVAGE TUG "TAIKOO
WIRELESS CALL
V.P.G.N. 600,
METERS.
Length 787 Fect. Length on Blocks 750 Feet. Depth on Centre of
· SIII (8.W.C.S.T.) 34 ́ft. 6 ins.
-THREE SLIPWAYS.—
Capable of Handling Ships Up to 4,93) Tons Displacement
Electric Crane at Sea Wall, Capable of Lifting "100"Töhs
at 70 Feet Badias,
BUTTERFIELD & SWIRE, Agents,
HONG KONG, CHINA & JAPAN.
TEL ADDRESS: "TAIKOODOCK, Hora Kosa.*
TELEPHONE: 321.
CALL FLIG: #C" OvZE "ANS. PIJANE,
BLUE STAR LINE
...
Far Eastern Service
Regular Monthly Fast Freight Steamers
Refrigerated and General Cargo
Next Sailing
New Jersey was up to 931. Standard Gas was up to 90.
Rails Up.
Something like 75 per cent. of the world's output is utilised for coin- age, and the balance is employed in arts and industries. Last year In- dia and Chins alone accounted for approximately 10 per cent. of the world's consumption, China absorb ing 137,000,000 azs. and India $2,000,000 025.
Less Demand for Currency. One of the factors contributing to the downward tendency of the price for the metal is that the demand for silver currency is sharply fall.
As passed, the Bill included a amendment, but the
Reed's substitute Bill embodying Senate rejected.. Senator David A
the American Legion's proposals and meeting President Hoover's objections.
Senator Houston inquired whe- ther leprosy was included among the diseases eligible for benefits and compensation under the Bill, and it was provided that any veteran affected with
to leprosy prior January 1, 1930, would be eligible if it could be presumed that ho acquired the disability in service and July 2, between April 6, 1917, 1921.
Administration estimates give the
cost
of
Utilities also rost, the Dow Jones average showing an improvement of 2.42 for 20 issues, to a level of 80.09. American Tal. & Tel. closed at 2081, ap 5, while International Tel & Tel. rose an eighth to close at 492 Radio Corp. closed up 1 to 351 Columbia Cae was up two points to 63. Cities Service common closed up to 271. Consolidated Gas was up 3 to 100. Public Service qfing away owing to the demonetisalatitial annual cost of the mehsure tion of silver coin in a number of as G.8102,000,000, with an eventual G.$250,000,000, countries. Following recommenda-annual tions made by a Commission in 1926, Promised tax reductions raust go India adopted the gold standard, by the board if the Bill is passed and it is following a policy of over the President's veto, it is ex- The Dow Jones average for 20 disposing of its reserve silver held- pected.
Newings. How far Indian Government! President Hoover and others have rails was up 28 to 128.88.
policy has affected the fall in prices long been opposed to the Bili se a York Central gained 3 to close at is controversial. Sir George Schus
"pork barrel" measure designed 1361, Pennsylvania was up half a ter, the Finance Member, in the purely to catch votes, and out of the fundamental point to 7: Erie was up a quar course of the debate on the Finance harmony with
Bill last March, quoted figures to
American theory that pensions and ter to 37; B. & 0. was up 13 to show that the actual effect of the similar payments should be given only to those who actually suffered 1023; Canadian Pacific was up four Government policy had been ex- points to 191; Rock Island dropped aggerated, and that sales had been injuries in the service of their coun-
made with due regard to the state try or who were destitute. 2 to 101; and Union Pacific was of the market. As regards China, the recommendations of the Kem- off 4 to 207h.
merer Commission provide for a gradual atabilisation of the cur rency on a gold exchange basis. As a result, the consumption cf silver by China is expected to show a sharp falling off over a uzber of years.
General Motors was ap 13 to 413; Hudson declined to 27; Chrysler was up half a point to $6; Packard was off a quarter to 13 (its last year's low level) and Mack Trucks was up five points to $5.
QUOTATIONS.
New York, June 21, Market firm, Business done: 3,830,440 shares.
Adams Express...
Power
American Can, American & Foreign American Holling Mill..
American Emelting. Amarican Tel. & Tol. American Tobacco B
American Waterworks...
Jana 21 23,
234 241 110 116 61 64
514,54 501 66
203 2081
225 2231
Another factor is that of the debasement of silver coinag. That of Great Britain, France and Bel- gium alone in 1929 amounted to no less than the equivalent of 38,000,000 b2s.
The lower price for the metal is a matter of serious concern to the producers. In the case of the Burma Corporation every penny on production such as it has means a loss or gain of £30.000.
32 881 Johra Manvilla
48149
Kennecott Copper
READY TO ENFORCE PROHIBITION.
U.S. ATTORNEY GENERAL'S PLANS COMPLETED.
[UNITED PRESS.]
Washington, June 23-Mr. Wil ham D. Mitchell, U.S. Attorney- General, announced to-day that he has completed plans for the ad- ministration of prohibition enforce ment which has just been transfer- red to his jurisdiction "from that of the Treasury Department, in accordance with the Wickersham. Hoover recommendationa
Ho announced several appoint ments, and said that Dr. James M. 831 Doran, who has been commissioner 381 371 of prohibition, will remain with 261 261the alcohol division of the Treasury,
29
Department.
-243 241
5055 851 85 341 35
Mr. Mitchell intends to concert activities in controlling the sources
DATEN S
Weekly Trans-Pacific Service
To San Francisco and Los Angel The Sunshine Beli cià Bonolulu
Fortnightly sailings on Tuesdays Frea Cleveland July 1, 1 am. Pren. Pierce
Pen. Taft
To Seattle and Victoria The Short, Straight Rout
to America
Fortnightly kallings on Tundays Pres. Madison.Joly 8, 8 am Pres. Jackan... July „July 2010roy MOUNA
July 15
£120, £112 Special through rates to Europe via
United States, Direct connections with
all Atlantic lines. Choice of rail liner acress United States and Canada, liberal stop-over privileges for sight-eeting:
Europe and New York Direct
ROUND THE WORLD
Pernightly sailing on Sunday via Maukia, Stralis, Colombo. Sues Casal,
"Alexandria, Naples. Gapan. Marseilles, New York and Boston,
8am. July 13
Pier. Wilson Free. Van Buren... July 37
Prev. Garfield Prea, Folk
"! 8. Atge 10 ...Aug.-24
To Manila
....
6 p.m.
6 p.m.
Frie. Madiron Fres, Tier
July 1
Pren. Jacky on- July 5 Pres, Taft
July 15"
July 19.
CANTON BRANCH :-4, SHA KEE STREET.
DOLLAR STEAMSHIP LINES
AMERICAN MAIL
poooooooo the
Hongkong
Belawan Deli
M
LINE
World
A.Necklace of Tropical Jewels
by
7074
Tourist Route
Corobudur
Traffic
Manila
Halucco's
SPEND YOUR HOLIDAY IN JAVA.
REGULAR WEEKLY SERVICE ON TUESDAYS "BONG KONG/JAVA (7 DAYS).:
First class fare Güilders 250-
VARIETY SPICES YOUR HOLIDAY. ROUND TRIP Hong Kong-Manila-Celebes-Bali-Java-Hong Kong 80 days with liberal stopover in Bali and Java First class fare £46,17,6.
(Inclusive of Aeroplane and Railway fares) LUXURIOUS MAIL STEAMERS SERVICE TO EUROPE VIA
ti.
JAVA
HONG KONG/GENOA OF MARSEILLES 28 Days
REGULAR SAILINGS FROM HONG KONG TO SWATOW, AMOY, SHANGHAI AND MANILA.
Excellent first class saloon accommodation.
TJISALAK
SOUTH BOUND.
Anaconda Copper Atlantic Helining Baltimore & Obla
384 34
Kreuger & Toll
... 101 102
Bethlehem Stoel
701
Eroger Grocery
Liggett & Myera "B"
891 881
201 201
Ludlum Steel.
141 147
Mack Trucks
187, 191
Missouri Pacifla
53 1031.101 284 28
54
Montgomery Ward
Nevada Consolidated Copper...
New York Central.
... 1554 1681
27 27
Northern Pacific Hailway
151 15 7472
Facifo Lighting
75. 761
court category to which they have
131 13
actment of the prohibition law.
ceeasionally been reduced since ea- TJISAROEA
TJISONDARI -
of alcohol, he said. He will request the various states to handle sinal! offences in an effort to get the IBADAK Icdéral courts out of the police
From
ABOUT
KAFEUTLO WILL
LEAVE GA OR ABOUT
For
AMOT
In Port
1st July,
Noon
∙BATAVIA
Axor 6th July 8th July, Max, Mx'ian. Noon
AMOT
& Axor 20th July 22nd July, MANIA, ME'san
Noon ANOT
for
MARSEILLES, LONDON, ROTTERDAM,
HAMBURG, LIVERPOOL ·
via Straits.
For Freight and Further Information, Apply to-
DODWELL & CO, LTD.
Queen's Building.
Agente
Borg Warner Calamet & Facia Canadian Pacific Railway Chesapeake Corporation, Chicago Eock Island....
Chrysler Cities Service, Common Columbia Gas & Electric Columbia Graphaphone Commercial Solventa Commonwealth & Southern Commonwealth & S. War. Consolidated Gas of N. Y.: Continental Oll Corn Products
Curtis Wright, Common
Davison Chemical
Da Pont de Nomours
Tel. 29023.
NATAL LINE OF STEAMERS
FROM CALOUTTA & COLOMBO TO
SOUTH AFRICAN PORTS
8.8. CAZUMBI"
...will Bail from Colombo 10th Augast Regular Passenger and Cargo Service to Bouth African Parts,
Through Bills of Lading issued from Hong Kong,
!..
Fer Freight or Pasmagu, apply to
Telephost: 28021.
DODWELL & CO, LIMITED.
"Aceta
Esatinan Kodak
Electric Bond & Share...
Erie Railway'
Fox Film "A
General Electric
General Foodi. .......
General Motori .......
Gold Dust
... - 61 €8 181 19
Packard Motor Car
...21 231 Paramount Famous Laay
-18 134 Pennsylvania Railroad....
34 31 Pennroad Corporation....... 102) 100, Phillips Petroleum
53 06 70 71
Commission's Vote Reduced.
13th July 28th July,
Noon
BATAVIA
& SOIRABAZA
27th July 29th July
BATAVIA
Noon
NORTH BOUND.
12 11
The Senate Appropriations Com-TJILEBQET 81 31 191 191 Public Service of N. Jersey 67 914 mittce to-day approved the reduc 201941 Radio Corporation
881 861tion of the Wickersham Law En-. 77 Reynoldi Tabacco "B"
464forcement Commission's expenses 251 26 Bears Boebuck
671 671 from G.$250,000 to G. #50,000 -with- 104 1041 Shell Union ARAGUA
18 187 instructions that the amount appro 185 100
Simmons Company Southern California Edison e sopriated must be used solely for the Southern Pacific Railway..... 111.1114 [investigation of the prohibition Bndard Osa & Electrio 87 90 situation. Standard Oil of New Jersey... Standard Oil of New York ... 211-80
199
801 411 Tax Corporation
STEAMERS
ком
DIFEGLED
ON CE ABOUT
WILL LEAVE ON 'OR ABOUT
Fox
This is a severe blow at President: Hoover's comprehensive programme 61 61 for investigation of the entire law | TJISAROEA
enforcement situation, and is de
011
61823
80
signed to bring the commission back TJISONDARI 68 06 to the subject for which most mem
711 773
37 37
201 41
08
-53
63
General Bailway Signal
78 79
Texas Gulf Balphar
80)
39 Timken Boller Bearing
Goodrich Labber
28
Goodyear Tire & Rubber Granby
25 Trans America...
82
834 Union Carbide & Carbon
21 21
general
Great Northern Certificates...
Hudson Motors...
273 27 United Corporation
81created.
International Cement ...
60 GO
United Gua & Improvement
International Combustion Eng
66-
United Dry Dock
International Harvester
+
781 81
"U.S. Hubber:
International Nickel
23 24
40.
US. Stoel- Frandiums
International Tal, & Tal
491 49]|| Westinghouse Bed 1
*(Continued on next Column)
Woolworth
206 207 bers of Congress and the ra Union Pacifio Hallway... Unq: 79 United Aircraft & Transport... 473601 public believed it had been solely.
International Printers Ink4 42 Wamer Bros. Pictures.
Intertiational Products Com
LATER Col. Amos Woodcock, federal dis 2014trict attorney at Baltimore,, has 1581-1561 7378been, appointed by U.S. Attorney- 414 General William D. Mitchell to be the new director of the Prohibition: $621 Enforcement Bureau..
9th July 10th July
6th July 7th July AMOT & SWAZOW BATAVIA A
Amor & S'AL
Αποτ TJILEBOET JAVA,MAKASSAR 14th July. 17th July
IKARANG "Batavia. 23rd July 24th July ·AMOT & B'HAL
For particulars apply to ---
JAVA-CHINA-JAPAN LIJN.
York Building.
28015.