C.P.R. FINANCES FOR 1930.
TAKINGS LESS BUT NET EARNINGS INCREASE.
EXPENSES DOWN:.“ SPECIAL. SOURCES " GÓ ÚP,
...... HONG KONG DAILY PRESS, WEDNESDAY, DECEMBER 17, 1930.........
DAILY SHARE QUOTATIONS
"HONG KONG STOCK
EXCHANGE,
Buyer Seller
TUESDAY. Bkles Nouluak
SHAREPROKERS: ASSOCIATION.
Buyer Ballara
Bales Nominal
DEC. 16.
Banka
·1,795/40
H.K. Banks
21081
218
Do (London) Chartered Banks....
***
£27
Mercantile Bks. “X”
zg
#135.
11
***
FOREIGN MAILS
RADIO NOTICE.
Individuals and firms are recommended to register their tele- graphic address as the Radio Office...... No charge in made for thin
· INWARD MAILS,
INED
PRESIDENT
Although railroad operations of the Coundian Pacific Railway this year have affected the substantial shrinkage in volume of tralie in the Dominion, recent reports would in- diente coverage of dividend require- ments ca outstanding shares of common stock. It is estimated that thoro are more than 10,000,000 shares of $23 par common stock at the regular 89.50 annual rate:
Revenue from special income is axpected to support the completo showing of the organization for the current year, Investments in other corporntions, steamship interests, telegraphs and hotel aliations all play a part in the report that will be issued. One project that has proved a paying investment to the Canadian Pacific Railway Company. is the Consolidated Mining & Smelt- ing Company of Canada. At the end of last year, its holdings aggre- anted 234,00 shares, on which a dividend of $12.50 a share was paid. All in all the total of 816,272,220 annased from special sources in 1920 is expected to be surpassed this
year.
Preliminary grass revenues for the month of Octobre show a smaller. proportionate declius from inat year thah was shown in the first ninc months, totalling $10,803,000, a drop of 15.8 per cent. from last year, while gross for the nine inonths to the end of September. totalled $132,032,150, a drop of 76 per egnt. from Inst year.
Operating results for August, which are the latest figures avail- able, are indicative of the redue- tion in expenses which has been effected. In that month grosɛ re- venues showed a drop of 82,200,920 below August, 1920; yet net earn- ings after taxes for the month alow.
·ed a gain of $338,377 over the pro- ceding year. This was accomplish- | ed by a reduction in the proportion of gross revenues spent en operat ing expenses to 27.4.per ecût., from 82.6 per cent, in August. 1920.
·Malatenanes of way ratio, was cut to 13.8 per cent. :
Increase of Not Earnings. Up to the end of May both gross revenues and net earnings from the railroad properties were subaton- tially behind last year. Beginning in June, however, a much better control of expenses, was evident; and in August and September this better control of expenses was trans- lated into an increase; in net earn- ings as compared with the corre sponding period of 1029 in epite of a decrease in gross revenues for those months.
The company reported net income of 841,477,781, after taxes and charges for 1929, equivalent alter preferred dividend requirements to $11,05 a share on 3,330,017 shares of 8100 par value common stock out standing at the end of the year: The common shares this year have been split-up on a four-for-one basis, through a'reduction in the par value to 825, from 8100. On the basis of tho approximately 13,300,000 shares now outstanding, last year's net income would be equal to $2.76 a share.
Canadian Pacific'r net earnings from railroad transportation in the nine months ended September 30 totalled $2,011,133, compared with 898,131,790 in the corresponding period last year. For the final three months n more favourable comparison is likely to be made as a result of the important reduction in operating expenses which has leep effected. Net in the Gnal quarter also should be benefitted by better comparison of gross with 1029 than was shown in the first nine months.-Financial Timer.
BRITAIN MAY ABOLISH DEATH PENALTY.
SELECT COMMITTEE'S
-RECOMMENDATION.
(THROUGH REUTER'S AGENÛY.]
LONDON, Dec. 15. The report of this Select Com mittee on capital punishment commends that a Bill be enacted in the present session abolishing the death penalty for an experimental period of five years.
an
[BRITISH WIRELESS SERVICE)
RUGBY, Dec. 16. The report of the Select Com- nittee on capital tanishment re- commends that a Bill be introduced and passed into law during the present sossion providing for the abolition of the death penalty for experimental period of five years in cases tried by civil courts in time of peace. That meantime and forthwith a resolution bo pass ed by the House of Couimone do- claring that the Secretary for Home Affairs and the Secretary for Scot land, in tendering advice as to the exercise of the Royal prerogative of mercy, should recommend in each caso that the death sentence should be commuted.
SAILINGS
Weekly Trans-Pacific Service
To San Francisco and Los Angeles The Sunshine Bolt via Honolulu
Portaightly slugs on Tuesdays Pros Lincoln Tues., Deo. 30 Pres. Maison Toon, Jan. 19 Pros. Jackson Tnes, Jan. 7
To Seattle and Victori
TheShort, Straight Ronte 19 Amerien Fortnightly willago on Tuendere
1.160
$3.10
3:09 #512 510/12
$400
***$1,720 $1,730
Bank of East Asia... $110
$1,230 Canton Insurances.. $1,290)
FROM
Shanghai and Swatow
£10
Calcutta and dizkaita
STRAITS
£12)
AMOY and SWATOW
Disurancem
Underwriters
$2.80 $3
North Chinas
T160
1010/12
+14
Union Insuranc510
M.BOU Yangtazo Insurance
China Fires
$1,215 H.K. Fires
Shipping
4.
$281
Pra, Grant.......Taos, Deo. 23, 1 a.m, Prea. Cloroland...Tues., Jan. 6 Pros, Piarce.......Tues, Jan. 20
Douglanos
831
Steamboats
$40
Indos (prof.)
seisor
.391
· Do. (def.)
san
ต
7414
Sholl Transports .....|
$99
Water-boacá
*KIT
Mining
£120, £112 Special through rates to Europe via United States. Direct across United States and Canada, liberal stop-over privileges for sight-seeing.
connections with all Atlantic lines. Cholce of rail lines
SPECIAL ROUND TRIP FARES-ORIENT TO EUROPE SUEZ CANAL-may be
obtained on application.
Europe and New York Direct
ROUND THE WORLD
Fortnightly sailings on Sunday via Manila, Strake, Colombo, Snex Canal, 'Alexandria Naples, Genoa, Marseilles. New York and Boston.
Pres. Adaun.. San., Dec. 28,8am. Pres. Johnson...Bun., Jan. 25,8am- Pres, Harrison...Sun, Jan. 11,8,u. Pres. Fillmore, Sun, Feb. 8,8am
.Pros. Lincolu
Free, Cleveland
To Manila
......Dec. 20, 6 p.m. Pros, Madison
FOR
$102
3:/3
.T.8]
T.1
T
$331
#174
85}
$2.55
Jav. 9, p.,
*
...Jan. 13, 0p.m. Doc.: 39, 6 p.m. Pres, Fierce CANTON BRANCH, SA K# SZET,
DOLLAR STEAMSHIP LINES
HILOH
Banqueta....
Kailans
Langkate (comb)
Do, (single)
Explorations.........
Shanghai Loana ...
Raubs........
Tronoh Mines
Docks, Wharves,
Godowns, etc,
H.K. & K. Wharf... $1734| Providents (old) ... $5.30
Do. (ROW)... $2,53 82.00.
$30,85|| H.K. Docks
810
M
South China Motora.
T284) Hongkows: ...................
T.114 Bhanghai Docks
17.10 New Engineerings
Lands, Hotels, and
Bulldogs
BAH
JAPAN
BHANGKAI and AKOT
CANADA, U.3.4., HONOLULU, JAPAN and Buenonat Vancouver, B.O., 27th. Nov. and EUROPE via Biberia (London, 29th November) JAVA BED MANILA
P
Eurora via busz (Letters and papers, 20th Nor, and Parcels 13th
***
JAVA...
BRANDHAI and Amor”
Japan nad SHAMONAI
JAVA
1781
2314
$40
$20 83/0
PER
Dui
17th Don. 17th, Doc..
Buiyang Kulsamy Perim
.1'th Dea.:
Van Heules Tipanas
17th Doo.
17th Doo
Binkiang
18th Doo
Emp of Canada..
18th Dec.
Tilsarosa ....
18th Doo..
***
Kashmir
18th Dec.
Bantam Tyibadak
20th Deo,
►
21st. Deo.
Angera
T
93rd Dea.
Japara
MA
rd. Deo,
39th Dec.
"rd Jaa., 1931
Nallora
CANADA, U.S.A., Honolulu, Japan andį
SHANGHAI (Vancouver, B.C., 8th Dos.)}|| Bisp, of Russia AUSTRALIA and Alanna
OUTWARD MAILS.
REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and whero mails are advertised to close at or before @am. registered and parcel mails are closed at 8 pm on the previous day.
For
37/- T14.40 $7.40
21
TO
838
14/
Java via BataviK
Hoihow..
Manila'...
Amoy
$174
"..
$31
113
IH
Hoihow, Pakhoi and Haiphong
HK. & S. Hotela... $11.50 $11.70 17.40/65
$111
AMERICAN
LINE
884
871.70 11.45/
· 183
HK. Lande (old)...)
8831
Do, (new)...
Do. (rights)
T322
Shanghai Lands
$0
11.K. Healtya...
317
SOVIET ALLEGATIONS AGAINST BRITAIN. ·
AMBASSADOR TO EXPRESS
⠀ DISSATISFACTION, -
(THROUGH REUTER'S AGEŃOT.].
LONDON, Dec. 15.
In the House of Commons to day, questioned in regard to the Soviet reply to the British protest against the allegations against Bra- tain made at the conspiracy trial, Mr. Arthur Henderson said that he had instructed the Ambassador. Sir Emmond Ovey, to express the Government's dissatisfaction with the Soviet attitude.
CONSIGNEE NOTICES.
LHR
$84
PER
Tiskini
G. Disderichuen .....
Ühinets Prince". Taiyuan...
Jayan, Canada, U.S.A., O. and 8. America and EUROPE via Vistoria, B.C.-
due Victoris, B.O., 7th January, 1931
Bbanghai and "EUROPE vis Biberia
Beian Maru
Heian Maru
Limehous...
1441
duo Vioteris 3.0, 18th January 1931 Btraits
Boihow and Bangkok
$83
Swałow
Manila
Amoy...!
804
**
Humphreys $17.40317.75) Chiniva Estates
114.
Cotton Mills
T11.80
Ewos
T.79
'lini Cottona......
To
Zoong Sings and
Public Utilitlem
NORDDEUTSCHER LLOYD, BREMEN.
$17,00
(#15) 261
Peak Teams (old)...
Da (now)...)
$941
$85/1
Star Ferrica
391
$25.30 or dir.
581
Do.
(now)......
TH
LE Steamer
"TRIER" having arrived from BREMEN, HAM. BURU and Ports, Consignoss of Cargo are hereby notified that their Cargo la being landed at their risk into the Go- downs of the Kong and Kowloon Wharf and Godown Co., Ltd., Kowloon, where Delivery can be obtained.
Consignees are further notified that the Steamer "TRIER” has taken at HAMBORG and BREMEN Through Carge for HONG KONG 88.
BRAKE,"
8.8.
"ALL" and 8.8. ELEOTRA" from STETTIN, WIBORG and GOTHENBURG.
All Goods remaining undelivered afte the 23rd December, 1930, will be subject to Rent
No Fise Insurance will be effected by as in any case whatever..
[BRITISH WIRELESS BRAVICE.]
RUGBY, Dec. 15.
Damaged Packages must be loft in the Replying to a question in the
Godown for examination by the Con House of Commons on the dio guess and the Company's Surveyors, cow conspiracy trial, the Foreign Mrs. Anderson & Ashe, at 10 am, Secretary, Mr. Arthur Henderson, on the 22nd December, 1930. stated that after further representa No Olaim will be admitted after the tions to the Soviet Government on Goods are left the Godown and all the references to the British Gov-Claims must be presented within Two ornment made during the trial, and Weeks of the Bhip's arrival here, after the receipt of the Commissar for which data they will not be recognised.
Consigness are requested to surrender Foreign Affairs' reply, he had in- structed the British Ambassador to their Bill of Lading to the Undersigned express the dissatisfaction of the for Countersignaturo. British Government with the Sovict Government's attitude,
In answer to other questions on Russia, the Foreign Secretary said he had decided not to appoint a British Military Attaché at Mos- cow; and the Secretary of the Overseas Trade Department, Mr. G. M. Gillett," said the Government bad decided not to despatch an Economic Mission to Russia.
Mr. Gillett added that there was nothing to prevent such a Mission being sent, but it did not seem to him that anything would be gained by doing so.
AMERICAN BANKING CRISIS.
FAILURES AND SUICIDES ‚ REPORTED. --
[REUTER'S AMERICAN SERVICE]
NEW YORK, Dec. 15., A further crop of bank failures and suicides is reported.
The State Bank of Binghampton, New York, closed following the dis covery of a shortage of between 9000,000 and $700,000.
MELCHERS & CO.,
Agents: NOLDDEUTSCERA” Lxoro, BruweX.
(10256 Hong Kong, 18th Dec, 1990.
EXCHANGE,
CLOSING QUOTATIONS,
December 16, 193 ON LONDON:- V
Telegraphic Transfer...1/1 Bank. Bills, on demand.1/18 Bank Bills, 4 months'
$11.80
58% 0
DATE and TIM
Wednesday, 17th,
10.80 M
19.30 PM
1,80 M
8,80 MJ
4.15 PM
Lattors
3.00 M
Boz Letters
5.00 PM
600 PM
Thursday, 18th,
830
Deli Maru
8.30 AM
Amoy and Formoes via Swatow
Japan and "Oxusda via Victoria, 3.0.—”)
Tourer
Van Houtes Kweiyang.... Hydrangea
Emp. of Uandik..........
Kutsang ...
Shanghai, Japan and "KUROPE via Biberia Kashmir Swabow, Amoy and Foochow
Friday,
10 30 AM -10.30 AM 10.30 AM
8.00 6.00 PM 15.00 PM
106, 10.30 * 1.00 PM 8307 M
Kowloon P. O. Parcals 4.80 K Beg 20th, 9.00 & M Letiere 1000'
A.P.O
Par. 19/1.5.00 p Rog.20th, 9.45 AM Letters 10.30 a 14.
Saturday, 20th,
Haiyang
Canton
Haiphong
T11.60]
1.77
T.
Straits, Ceylon, India, Mauritius, East and South Africa, Aden, Egypt and EUROPE vis Marseillen-düe Mar. - soilles, 17th January 1931
Kalyan
$142
$7
Plesita
Tramways....... $172 || $17.00||
C. Lights (old).... 5ox div.
H.K. Electrica..... $81
Macao do.
Bandukan Lights ...)
(part pd.)] $23
***
$93
835
Do
Totophones (fully pd.)
T19.60
China Buses
7,8
Tractions
19/-
Do. (pref.)......
323
Mbanghai, Japan, Honolulu, *Canada.
*0.8.A., *0, and *B., Americs, and i *EUROPE via San Francisco due Fan Francisco; 14th Jan., 1981, and *EUROPE via Biboria Foochow via Bwatow
Bangkok via Swatow
Amoy
Swatow. "Amoy and Formoss
Sandakan
Japan, *Cana'a, *IT,8.A. *Control and"
Fouth America, and
8.00 Y
[Sunday, 21st.
8.80 A 9.00 AN
Ayolope
2.30 TM
Taiyo Mars
Bog
4.15 ** Lotters 3,00
Ohipshing
Kwangchow Antung Canton Mars
9.00 A M
Maurang
EUROPE İ
Parcels
$15
vin Victoris, B.C.--duo Victoria, B.Ü. 9th January, 1933
Prea. Grant
Monday, 22nd,
10,80 AM
800 PM 4.15 r
841
... $11.46
Ahanghai and *EUROPE via Siberis Manila, Australia, and New Zealand via)
Thursday Island - dne Thursday Island, 3rd January, 1931
Pres. Grani
Changlo...
$3.80
Industrials
T.101 Caldbeck, ((orij T10.40 Macgregors prof.) Canton ices ......
Cements (comb.)... $17.65 317.3 (old)...
Ropes ta| $11.40
23.80
$17.70 $17.90
#12)
$11.40 $11.45
$0.80
+44
Do
A
$5.20
Do
(now)..
China Sugars.........
$27
Malabon Bugars. '***
#5
United Asbestos ...)
Miscellaneous
**
$271
Dairy Farms, car Doox rights
$1.70 Lano Crawfords ...
KA
$251
88.00
rights 381
#1
Dor A
$23
Amusemente
8211
$12
Chin. Entertainm'ts. $18)
Constractions
841
$3.70
$10
Mackintoshs
Nanyang Tobacco... $3.40
$12
Sinceron
#12.70
(31280
Watsons
descenses
$12.20
$2.65
Wm. Powells
prom,
B. Ind. G. Bonds... 71% H.K. Gort, Loans ... 8106
LOCAL AND REGULAR OUTWARD MAILS.
night immmmmmensa y 1/13 Credits, 4 months'
sight, omninom 1/2 5:16 Documents, 4 months"
night
1216
Canter
Bank Bills, on demand 7021
Credits, 4 months” sight 747)
ON NEW YORK:-
ON PARIS
Bank Bills, on demand 27 9/16
WEEK DAYS.
FOR
From 0.1.0.
Улом BKEUNGWAN
· Braxou P,O,
$7.15 m., & 7,80a.m.
† 6,00 p.m.". | 27,00 pm.
Credits, 60 days' right. 28 11/16 Macao & Tuluskan
ON BOMBAY
Bank, on demand ...
„ON CALCUTTA:
Telegraphie Transfer...). Bank, on demand
UN SHANGHAI
Bank, at sight
ON YOKOHAMA ¦—.
387+
SUNDAYS & HOLIDAYS
FROM
*Hanila and Sourabaya
Straite, Ceylon, India, Mauriting, East”
and South Africa. Egypt and FUROPE vis Marseillenudna Mar. seilles, 22nd January, 1931 M
A
Tjibadak...
Areas 201
Saigon, *Straili, “C'ey'qm, #India, *Mauri-
tina, F. and 8. Africs, Aden, Egypt Angers and EUROPR vis Marseilles-dao! Marseilles 23rd January, 1931
Bwator, Amoy and.
Fooshow
Japan, Canada, U.8.8., C. and9, America and EUROPE vis Vancouver, B.0, -dan Vabcouver, B.C., 9th Jan, 1931 @brogbsi and *EUROPE vin Siberia-
Ship learing Noon on Christmas Day.....]
FROM SKRUNDWAN Manila G.P.O. BRANCH
2.0,
7.15(7.80 a.x, à 5,00 p
7.00 patt 1.Bundays Hundays
only
6 p.m. only 7,00 pin.
Reg.
LiLetters 5.00 PM
Reg. 5,00 Letters 6.00 **- Parcels 500 1.3 - Reg. 93rd.9.45.M Lettor 10.80 A Tossday, 23rd,
9.30
Kowloon P.Q. (Reg. 100 M Letters 1.00 23
.0.2.0. 6.1.45 PM Latton 9.30 » M Kowloon P. O. |-|Bex. : 1.00 vie ***Dettara ··1.00 PM'
1.15 PM
f.P.O.
Reg
Hai Ning.
Lettera
2.00 T 2,00 F
24th,
Wednesday, Reg. Emp; of Canada
Letters 5.00 PM Beg. 5.00 Emp. of Canada Letters. 6.00 PM
aday, 15th,
Emp, of Bussia ..
*Buperscribed correspondence only. EXCHANGE RATES.
[BRITISH WIRELESS SERVICE. }
*Geneva
Amsterdam Berlin
"18.16.
34.495
1637
103
RUGBY, Dec. 15.
| 7,15 min. A} } ",80 met 21.16, p.m.
11.30 p.m.
[7.15 km. &] (7.30 am, &
1.15 p.m. Bunday
Paris New York icin Brussels
123.59)
4.630
34.705
25.03
· 12.723
Telegraphic Transfor
}¢ &
90.37
Konguicon (ercept Hatúrdnys)} 5.00 p.m.
Kaukong (except Saturdays)"}
6.00 p..
18:10
20.00 DEL.
18.15)
Fatehan (Dy Train)
Tis. 77
61 dis
Tal Of Tai Fo
7.15 A 0.00. (1,00 1.1. &} 28.00 p.m.
18
On demand
557
1 1.00 2,01 3
O
13.00 p..
UN SINGAPORE: ****
12.80 p.m.
Da demand on
49.
De Batavia:—On 'demand.. 084. ON HAIPHONG:-
Qa demand frame. On demand UN BANGKOK:
On demand
1683 SOVENCIONS, Bank's Buying.
1/21 .....15 9/16
Choungahow
L4.30
.................
702
Abarileon.
Autna, Pingahan, Santin. Shatin, Shataskok and Shoangshui
10.80 3.
I
Baikung
4,80p,
4,5) pu
Namtan, Shokki & Taiping
700 pm.
-7:00 p.m
Fazda)***
MARILAOn demand... 55
The police are searching for the bank's president.
The President of the Bank of Alabama in Emsley, Alabama, has suicide, whilst the In regard to the penalty that committed should be substituted for a sentonce cashier of the State Bank of. of death in the unson" referred to filandientpilzeno 335, che steerd, the Committee recommends that it three weeks ago, attempted to bo the penalty now attached to re-commit suicide.
The Farmers and Traders' Bank, prioved murderera, interpreted and adininistered in the same way as Weaverville, North Carolina, with
BAR SILVER, for al deposits of $103,000, has closed. at present.
& 4.30 p.m. Haturdays
1.00 pm &
pt
8.15 only *5.00 rúm,
9.00.m 1.00 .m.
110a.m.
11.00am
1 & 43 przest
1.80 T Bundava 8.30 a. Lonly
6.00 pm,
· 8.00 prido
Stockholm Copenhagen
Oslo
Vienna
Praguequ'i Helsingfors.
Madrid Lisbon
Athens Bucharest Rio.... Buenos Aires Montevideo
Shanghai
Hong Kong Yokohama
Silver (spot)
Silver (forward)
ܝܕܝܡ 3.00
47.03 109,28
378 818.
4.11/16 371
37.
17Bple
1/51
1/1
་ ་
15)
107/10
2/0 17/32
8.30PM
BRITISH TRADE MISSION TO EGYPT.
SIR ARTHUR BALFOUR AS
CHAIRMAN.
[BRITISH WIRELESS SERVICE]
Ruany. Dec. 16. A Trade Mission similar in char
ter to the Trade Missions sent to other foreign countries with terms of referenco corresponding to those of the Mission which reently visit ed Japan and is at present in Chinn, has been appointed to visit Egypt early in the New Year.
The pronu is Sir Arthur Balfour as Chairman, who, was, Chairman of the Government Com mittee on Industry and Trade in 1924: Sir Alan Giarreit Anderson 10gerety, Bretidens of an Intes national Chamber of Commerce; Mr. W.R.Blair, Director, Co. operative Wholesale Society and Mr. Kenneth Low, the well-known' Lancashire cotton manufacturer.