Page
STICKS
23743
CENTRAL RADIO
SERVICE
KING'S BLDG (Opa Star Ferry).
TO-DAY'S WIRFLESS
PROGRAMME.
· BROADCAST BY 2.B.W ON 355 METRES.
11 to 11.50 a.m.-Stock quotations. 11.30 ..Chinese programme.
RADIO EXPERTS - WORK GUARANTEED 12.00 p.m.-European progremma of
Latest
BRUNSWICK
and
MELOTONE
RECORDS
-Obtainable-
-from-
THE
BRUNSWICK HOUSE
Arcade, Gloucester Bldg.
This is the way to open the new Kiwi tin-
KIW!
OPENING
A twist of a coin in the
specially prepared slot opens the tin and the world-famous polish is ready for use.
Even dry, cracked leather will soon regain its natural suppleness after the use of Kiwi- Kiwi puts new life into old leather-keeps new leather young.
KIWI
THE QUALITY BOOT POLISHES BLACK & TANS
W. R. LOXLEY & CO. YORK BUILDING, HONG KONG
MUSICAL TREATS AT
·THE PENINSULA.
SUCCESS OF SYMPHONIC
CONCERTS.
Vietor and H.M.V. records.
I p.m.-Local time and weather
report. Relay of the Hong Kong, Hotel Orchestra' by cour. tesy of the Management, (Dur- ing the intervals recorded inusic will be broadcast from the Studio.)
1:30 pm.-Rugby Press news, manil
notice, etc.
2.15 p.. (approx.).—Close down,
3 to 7 pm--Chinese programme,
7
to 0.30 p.m.-Children's concert.
to 10.10 p.m.-European pro-
gramme,
i to 7.33 p.31, *****
HONG KONG DAILY PRESS. WEDNESDAY, JULY 13, 1932.
Money and Markets
NEW YORK STOCK HONG KONG STOCK
EXCHANGE.
A.O.F.C. "QUOTATIONS.
-
(REUTER'S AMERICAN SERVICE.]
NEW YORK, July 11. LAST TO-DAY'S AVERAGE AVERAGE CHANGES
20 Indu B trials ...
41.03 42.08 -1.35 20 Rails.. 13.32 14,10 +0,78 20 Utilities 10.80 17.00 +0.44
Messrs. E, A, Pierce & Co, Report,
Market Steady:-Business done: €00,000.
Song- Traviata The One of Whom I Dreamed" (Verdi).- Lucrezin Bori (Soprano).-7438. American Tobacco "B" 303 Chorus La Traviata Chorus Anbury
of Gypsies" (Verdi).
MARKET.
YESTERDAY'S OFFICIAL
QUOTATIONS.
Investment issues are still holding their own, in particular Banks, which are in strong demand, having risen £ in London. Raubs jumped up to $30, owing to enquiries from the Straits. The rest of the mar-1 ket, however, Was ensy at tho opening:-
Bales.
Hong Kong Bunks, $1,350/1,583. Union Insurances, 8430. China Lights (Old), $18.40/18. Hong Kong Electrics, 873. Telephones (P.P.), 892.03. Constructions (Old), 83 Constructions (New). 81.33. H.K. Govt. Loans, 21% premium.
Buyers.
Application has already been made and accepted by the Committees of the Shanghai Stock Ex- change and the Hong Kong Stock Exchango for quotations of the Company's shares.
The Subscription List will be open at 10 am, and close at 3 p.m. on the 18th day of July, 1932.
UNITED THEATRES
(Incorporated in the United States of America)
AUTHORIZED SHARE CAPITAL
Shanghai Tacks 3,000,000. divided into 1,000,000 Common Shares of Shanghai Taels 5 each, fully
...
ISSUE OF
paid and non-assessabic.
450,000 Common Shares of Shanghai Taclɛ 5 each par value, which have been privately underwritten by the Promoters and their associates,
and
150,000 Common Shares of Shanghai Taels 5 each at par, which are now offered for publie subscription on the terms of this Prospectus and which have been undareritten by Mezzre, E. L. Elias & Co., 18, Central Road, Shanghai.
Applications for the above shares should be made in the form accompanying this Prospectus through any of the Company's Bankers for and on behalf of the Company as follows:
CAPT. R. E. SASSOON T. G. WELL, Esq.,
Lo Kax, Esq.,
JAUKS BACKHouse, Esq.,
KO LEONG Hos, Esq..
GRANT MARK, Esq.,
F. W. SUTTERLE, JR.,
R. K. BUTLER, Esq...
LAST TO-DAY'S PRICE PRICE
Air Reduction
832
$33)
Operatic.
Song "Aida-Return Victorians"
(Verdi).
Allied Chemical and
Dye American Can
453
403*
Hong Kong Banks, $1,575.
331
Union Insurances, 8:50.
Ameriena Telegraph
China Fire Insurances, 8000.
H.K. Steamboats, 891,
and Telephone
711
721
Union Waterboats, 820.
F. J. SCHUHL, Esq.,
021
Baube, 836.
49 #
H.K. & W. Docks, 8191.
Providents (Old), 84.90.
20)
211
DI
ទេ
Now, York
36
28
(The Bat) (Strauss Godowsky).
Benno
Du Pont de Nemours 53 Eastman Kodak General Electric General Foods General Motors International
304 37?
度
201
8
Canton Ices, 80.
Constructions (Old), 88.20.
Harvester 104
113
H.K. Govt. Loans, 21% premium,
Sellers.
: Barden Company
Chorus La Traviata-Chorus Canadian Pacifie
of Matadors" (Verdi).--Metro- politan Opera Chorus,-4103. Piano Solo-Die Fledermaus-
Paraphrase"
Moiseivitch-7287.
Vocal Duet-" Trovatore--Home
Consolidated Gas of
Drugs, Ine,.....
to Our Mountains" (Verdi). International Tel. and Vocal Duet-"Trovatore-At My Liggett
Tel.
Mercy Lay the Foe" (Verdi).--- D" Louise Homer and Giovanni Loew's Inc. Martinelli.-IOS.
7.33 to 8 pan.
Instrumental,.
String Bass Solo-Valse Minia-
ture" (Koussevitzky). String Bass Solo-"Minust in G" (Beethoven).-Serge Koussevit zky.-1470.
Organ Solos—(a) “Morning Dew" (b) "The Old Oak Tree" (Power).
Organ Solo" Paraphrase
and Myers
Pacific Gas and Elec-
tric
Fennsylvania Railway
Radio Corporation Seara Rochuck Standard Oil Co. of
New Jersey Sacony-Vacuum Corp. Union Carbide
Union Pacific
Carbon.....
78 738 3683-7- 2 - 3* *-** - ER E
187
42
and
16)
161
999
United Aircraft and
Trana,
United States Steel... 214: Westinghouse E. & M. 10
*Ex. dividend.
Possible mutilation.
on
Love's Old Sweet Song'" alloy, arr. Meals).Arthur Mente.--C1426.
Accordion Solo-"Poet and Pea- sant Overture" (von Suppe).- J. Fiora. V-50034.
|a p.m.--Local time and weather re-
port.
9.03 to 0 p.m.-
शरी
From the Studio.
Selections played by the R.M.8. Empress of Asia Orhcestra-
Programme..
171
Vocal Duet-" Jelly Good Com-
pany."
Vocal Duet-"It Always Starts to
Itain."-Jack and Claude Hul bert.--B4003. Orchestral Selection of Bocsay Ballads"-Jack Hylton and hie Orchestra.-C1986. Vocal Gems-"The Girl Friend." Vocal Gems Peggy Aon."
Light Opera Company.-C1390. Orchestral Saschinka"-Marek Weber and his Orchestra. C2100.
Vocal Gems" Silver Wings."— Light Opera Company.-C1838. 10.38 p.m.--Rugby mid-day Press.
news.
1.The White Queen"-Over-10.40 p.m.-Close down
ture (Metra)
All records in the above European programmes are supplied by Mesare.
Les Adieux "-Melody (Sar Moutrie & Co. arate)
3. "Good-bye Blues "-Fox Trot
(Fields).
Wireless Licences.
As from Monday, July 11, Broad- Receiving Licences, Ship Licencea and Dealers Wireless
4. "Sunset Land "-Reverie (Ko-cast
welo)
5. "At Midnight "(Violin Solo) Licences are directly obtainable at
(Molina)
the Post Office (1st floor) on signa- ture of the application form which
0. Mabuhay "-Fox Trot (Cruz) may be obtained from any wireless to 0.20 p.m.-A talk by Mr. P. L.dealer or at the counter of the
Collisson entitled "Fun and licencing office the G.P.O Adventures with a Green Pen-
cil."
Commenting on the Seventh Sym. phonio Concert which was held last 9.20 to 0.47 p.m.---
Sunday evening at the Peninsula.
Hotel it was generally expressed to be equal to the previous functions
given by Mr. Futera's orchestra. A special feature was in the nature of violin solos rendered by the now violinist, Prof. C. de la Cruz, with piano accompaniment by Prof. F. Gonzalez, which proved to be a welcome attraction, these numbers being heartily received,
Concert Items,
Song "Dear Little Boy of Mine" (Brennan-Bali). -Elsie Baker (Contralto).
Vocal Duet Beautiful Obio" (MadDonald-Earl)-Olive Kline and Elsie Baker-4010, Piano Solo-Etude in D Flat-
Major" (Scriabine). Piano Solo Etude in C Sharp Minor (Scriabine). Muriel Kerr. 4113
Song "Harlequin" (Sanderson) Song- The Tune the Bo'Sun
Played" (Loughborough), Peter Dawson (Bass-Baritone).
£3670 'Cello Solo-"Fond Recollections"
(Popper).
Whilst appreciating that a great dent of rains must be taken in the preparation of the programmes for the production of a good variety of members, it would no doubt add attraction to the selection by the introduction of a few pieces of 0.47 to 10:38 p.m.
lighter vain or even some popular melodies, giving a care-free, and happy-go-lucky feeling.
Altogether these ontertainments liave proved exceedingly popula and the large audiences have enjoy. ed them thoroughly.
'Cello Solo Impromptu" (Pop- per) Phyllis Kracuter.-4185.
Variety.
Orchestral Das Madet Hat ---Box Appeal."--
Orchestral Bleibe Boi. Mir."-- Marek Weber and his Orchestra. -V-6157.
(Continued on next column.);
Hong Kong Landa, 877). Ewo Cottons, Tis. 13.40. Star Ferries, 8881.
Yaumati Ferries (Old), 8331.
Yaumati Ferries (New), 8321.
China Lights (Old), 818).
Hong Kong Electrics, $72)..
Telephones (F.P.), 822.
Malabon Sugars, 20."
Hong Kong Banks, 81,500..
China Lights (Now), $18.
Cements (Combined), 818.10.
Dairy Farms, 829.40.
S.C. Enterprises, 83. Wallace Harpers, 813
AFTERNOON SESSION, Marketa were generally weaker throughout the day, and rates have given way in a number of issues.
The only bright spot were Raubs, which made a further spurt in the. afternoon, being quoted $38 buyers. Bales, Hong Kong Realtics, 11/11. H.K. Gort, Loans, 24% premium.
Buyers.
i
Raubs, 839.
Hong Kong Realties, 810.90. - H.K. Amusements, 810.
EXCHANGE RATES.
[URITISH WIRELESS BERVICE}
Copenhagen .....
TAELS 5 ON APPLICATION.
DIRECTORS
Director of E. D. Susadon & Co., Ltd.
Director of Dodwell & Co., Ltd.
Managing Director of Hong Kong Amusements, Ltd., Hong Kong." Chairman of Board of Directors of Hong Kong Amusements, Ltd., Hong Kong.
Managing Director of Ho Hong Bank, Ltd., Hong Kong, Director of Hong Kong Amusements, Ltd., Hong Kong.
General Manager of China Finance Corporation, Federal Inc., U.S.A., Shanghai,
Vice-President and Treasurer of China Realty Co., Federal Inc., U.S.A., Shanghui.
Vice President of China Finance Corporation, Federal Inc., U.S.A.. Shanghai.
Director of China Theatre, Ltd
SECRETARY AND REGISTERED OFFICE
J. A. TURNER, Esq., Chartered Accountant,
9. Avenue Edward VII, Shanghai.
BANKERS
THE CHASE BANK, Shanghai and Hong Kong.~~~~ NATIONAL CITY. BANK OF NEW YORK, Shanghai and Hong Kong. SHANGHAI COMMERCIAL AND SAVINGS BANK, LTD., Shanghai. SOLICITORS
SCHUKI, DAVIES & N. E. LURTON, 141 Brochuen Road, Shanghai, TEESDALE, NEWMAN & Co., 15 Peking Road, Shanghai.
AUDITORS
SETH, MANCELL & MCLUE, Chartered Accountants 9, Avenue Edward VII, Shanghai,
GENERAL OFFICE
138, Szechuan Road, Shanghai.
PROSPECTUS
The objecte for which this Company has been formed are as contained in the Articles of Incor poration and Bye-Laws of the Company, and in particular to acquire, take over, operate and control a group of the leading motion picture theatres throughout China and the Orient generally.
Mr. Lo Kan, who has consented to serve as the first. Maging Director of the Company, is well-known throughout the Orient and America as a pioneer in the motion picture business in China and Hong Kong. He has had a long and wide experience and has a specialised knowledge of all branches of the cinema industry. Mr. Lo Kan has achieved outstanding success as one of the promoters and Managing Director of the Hong Kong Amusements, Ltd., Hong Kong, since its inception, and he directa or controls more than 30 of the loading cinoma-theatres in China and Hong Kong, of several of which he is the owner, and some of his several appointments are as follows:-
Managing Director:-
YANGISZE ÅMUsements, Lin, EASTERN AMUSEMENTS. LTD. Member of Committee of Management;—
CATHAY AMUSEMENTS, LTD.
Chairman, Board of Directors:-
NORTH CHINA Åmugements, Læð.
Part of the proceeds of the present issue will be used to acquire: ---
(a) Control of a minimum of 40 of the lending motion picture theatres in Shanghai and outports
under an agreement entered into between Mr. Lo Kan and the Company.
HONG KONG AMUSEMENTS, LTD.. CHINA THEATRES, LTD.
+
Director
Roony, July 17.
Paris New York Montreal
90 11/16
3.561
4.08)
Brussels
25.02
Geneva
19.97
Berlin
13
Milan
08.13/10
Amsterdam
8.834
Stockholm
19,50
18.45
20 3/10
5971
220
Vienna......
92)
Prague
1201
Helsingfors
933
Madrid .......... Lisbon
Buenos Aires
443/10 110 61/32 Nominal 30 1/0 1/32 1/8 1/33/8 1/03/8
Oslo ...... Athens
Bucharest
Belgrade
Rio
Montevideo ... Bombay
Shanghai nji dan agen
Hong Kong Yokohama
Silver (spot) -Silver (forward)
The Woman's Page.
17 1/16
171
The Woman's Page.
a speciál two page supplement published every Friday, is written locally for the women of Hong Kong.. It is read by all women who wish to learn what can be found in the local shops, and offers an- unique advertising prospect.
Particulars, rates and specimen copy on request.
THE HONGKONG Daily Press,
11, Ice House Street.
(b) A. majority share interest of the Hong Kong Amusements, Ltd., under an agreement entered into between cortain shareholders of the Hong Kong Amusements, Ltd, and the company."
(c) Control of the Puma Films, Ltd., and the Theatre Equipment Co., Ltd.
The estimated cos of obtaining this control is Tis, 2,300,000 and is hand on the past working of the theatres at present in operation.
It is intended to use the balance of this issue, viz., Tls. 700,000 for the erection of studios and the production of Chinese pictures and also for obtaining control of further theatres where advantage. ous to the Company,
Negotiations are at present in progress for the Icase on longterm of 22 mute of land for the Brection of studios. Modern equipment for the taking of sound pictures has already been purchased and an expert from the Radio Corporation of America is dus to arrive in Shanghai shortly to superviso the erection of the studios and the installation of the equipment. The Company intends to lease studio units to local companies and to encourage further Chinese companies to make sound and talking pic- tures. Not only will the Company obtain a handsome return on its capital by leasing these units, but will also obtain a first refusal on all pictures produced at the studios.
When it is realised that good Chinese pictures run in the cheaper priced theatres longer than any foreign picture, the vast possibilities of Chinese pictures will be recognized.
There are less than 100 modern theatres in China, a strikingly small number when compared with the approximate, number of 1,400 motion picture theatres in Japan illustrating the immense potentialities of the motion picture business throughout China, which is at présent in its infancy..
The theatres to be acquired will accommodate the release in China of the principal foreign pro ducers with whom the Company, through Mr. Lo Kan, will have the advantage of favourable contracta already entered into, and to afford releases of Chinese productions which will shortly be available from several Chinese producing companies.
The Shanghai theatres will be well distributed throughout the city and each in especially design ed to fulfil the particular requirements of the community in which it is focrted.
Among the many obvious advantages to be obtained from the consolidation of a large group of motion-picture theatres under centralised control, operation and management, may be mentioned con- siderably reduced overhead expenditure, and increased revenue resulting from a selected distribution and better exploitation of the latest pictures.
By having a chain of theatres under unified control the Company will be able to establish purchas ing offices in the picture producing centres in the U.S.A. and England, enabling direct contact to be maintained with some 23 or more producers who have no direct representation in China at the present. time.
The issued Capital of 800,000 Common Shares of Taels & each par value has been fully under written_of_which 150,000-Common-Shares are now offered for public" subscription" in the terms of this Prospectus If more than 160,600 shares are applied for applications exceeding 1,000 shares from each: applicant will be allotted pró rata to applications/",
The original Directors have been granted the option of acquiring at par (Taels b ́each), within one year from the incorporation of the Company, 60,000 shares of the unissued Capital of the Company. Applications for shares should be made upon the form accompanying this Prospectus and sant to one of the Company's Bankers at Shanghai or Hongkong together with a remittance. Where the number of shares allotted is less than the number applied for the surplus will be returned.
A brokerage of 1% will be paid in respect of Share Allotmente mado on applications bearing the stamp or signatures of Members of the Shanghai Stock Exchange or Hongkong Stock Exchange.
Prospeatuses and Forms of Application can be obtained at the Company's offices, from(the Com. pany's Bankers, Members of the Shanghai Stock Exchange, Members of the Hongkong Stabky, Messrs.. E. L. Ellas & Co., 10 Central Road, Shanghai.
Dated at Ahanghai the 7th day of July, '1931.'