Page
PHOTO OF NERVE-CELLS SEEN THROUGH MICROSCOPE
Stron
Better Health-More Energy
Full of vitality and energy- untiring and happy-all day long.
That is HEALTH. That is the kind of health and nerve-strength Sanatogen will give you. A well-known physician explains the action of Sanatogen in these words:
"Sanatogen is a steadily acting tonic-food, and it acts in a natural and physiological manner -recreating cells which have been broken down or devitalized by illness or overwork and building up new cells where these are needed. There is no jerry-building about Sanatogen; what it does is to go straight to the core of well-being the cells-and to build these up one by one into a permanent and solid fabric of Health."
It is because of these cell-building properties that Sanatogen makes people thoroughly healthy. Start a course of Sanatogen to-day, and in a few weeks you will notice its wonderful influence on your own health.
SANATOGEN
The True Tonic-Food. Obtainable at all Chemists and Stores,
Regalo now strength after Malaria with SANATOGEN.
CHINA
YEAR
BOOK.
The new edition published in June 1932, is an indispensable work of reference in every Government department, public office, library and business firm in China. Among its contents are:-
A Who's Who of nearly a thousand prominent Chinese
persunalitica; -
Customs, financial and business statistics;
Special articles on foods, labour, education; the Kuomintang,
etc.
Complete documents on the Japanese boycott, the Shanghai
hostilitics, and the Manchurian question; Treaty negotiations with Foreign Powers, and a summary of
the Feetham Report.
Price: Mex. $20.
Kelly & Walsh, Ltd., Booksellers, Hongkong.
Publishers: NORTH-CHINA DAILY NEWS, SUANGHAT.
THE WORLD'S GAZE
TURNS POLITICALLY, ECONOMICALLY, ARTISTICALLY TOWARD
JAPAN
Where Oriental ebarms are jealously preserved intact maidat'
the most advanced Oriental Civilization.
THE JAPAN HOTEL ASSOCIATION
(Affiliated with the FAIRMONT HOTEL Uo, of the Pacific Coast and the UNITED HOTEL COMENT of America.) MEMBER HOTELS
Hotel rates for Single rooms (without bath), including meals,
Y 12.00 up in cities and some popular resorts.
ATAMI:=
ATAMI HOTEL MAMIZI HOTEL
Y 10.00 up in country districts.
KAMENOT HOTEL
IN JAPAN-
KOSHIEN-
Kommies Horat KYOTO-
KYOTO HOTEL MITAKO HOTEL
HUZENJI(Nikko), KYOTO STATION
LAKENDI HOTEL CAMAKURA
KAHON HOTEL KARUIZAWA
-MAMPEI-] HOTEL MIXARA HOTEL КОВЕ.
ORIENTAL HOTEL TOR HOTEL
HOTEL
MATSUEDIHAN
NAGASAKI :— JAPAN HOTEL NAGOYA
NAGOYA HOTEL. NARA
NARA HOTEL NIKKU :-
KANATA HOTEL OSAKA MITAJIMA.- 1. Doan HorrL
⚫ PARK HOTEL
| Gaaka HorEZ
UNZEN
MILKA HOTEL
HOTEL NEW (Hakone)- SHIMONOSEKI;-
SAETO HOTEL
HONG KONG DAILY PRESS MONDAY, AUGUST 115, 1932.
TO-DAY'S WIRELESS
PROGRAMME.
BROADCAST BY Z.B.W. ON 355 METRES.
11 to 11.30 a.m.-Stock quotations. 11.30 a.m.-Chinese programme, 17.20 p.m.--European programme of Victor and H.M.V. records.
1 p.m.-Local time and weather re- port. A relay of the Hong Kong Hotel Orchestra by rour- tesy of the Management. (Dur- ing the intervals recorded music will be broadcast from the Studio.)
Money and Markets
THE P. & O. BANKING|port, kus me intained its record of
CORPORATION.
BARRIERS TO TRADE OF TARIFFS AND QUOTAS.
TRIBUTE TO THE LATE EARL OF INCHCAPE.
The Twelfth Ordinary Meeting of The P. & O. Bauking Corpora
1.20 p.m.-Rugby Press news, ote.tion, Limited, was held on July 2 2.18 p.n. (approx.)-Close down.
at No. 122. Leadenhall-street, Lon- don, E.C.
6 to 8 p.m.-European programme, 6 to 7.13 p.m.-A programme of Vietor and H.M.V. records. tu 6.18 p.n.—-
Bard Music,
i
Mr. William Edward Preston '(de- } puty chairman) presided.
The Secretary (Mr. C. Selbie) read the unlice convening the meet "Pagoun of Flowers" (Wooding and the report of the auditors. The Chairman said: Gentlemen. The accounts have been in your hands for the prescribed period and 1 presume as usual you will take "Pas des Cymbales," (Chamin.then as read. (Agreed,)
nde).- Band of H.M. Cold-Services of Late Earl of Inchcape. stream Guards.-C1001.
forde-Finden).- Band of H.M. Coldstream Guards.-C3072 (n) Air de Ballet" (b) "Cal-
firhoe" (Chaminade).
4.18 to 6.10 p.m.-" Concerto for Violoncello and Orchestra, Op. 85" (Elgar), played by Beatrico Harrison and the New Symphony Orchestra con- ducted by Sir Edward Elgar,
O.M. K.C.V.0.-D1807/D1500.
7 p.m.-Stock quotations, etc.
6.40 to 7.15 p.m.-
Variety.
Chorus "The Quaker Girl "--- Vocal Gems--Light Opera Cn. -C2015, Humorous Song What Archi bald Says Gices," Gracio Fields.--P3502. Orchestral "The
Smiles."-Selection.-Symphony
Orchestra.-C9297,
Landl of
Humorous Duologue - "Auto- Suggestion. --Alexander and Mose.-B3023.
Chorus "Songs of Good Cheer"
C215).
progress.
India's Improved Credit-Gold Shipments,
NEW YORK STOCK HONG KONG STOCK
EXCHANGE.
A,O.F.C. QUOTATIONS.
New York, August 12. Dow Jones Averages:
Aug. Aug.
10 12
MARKET.
SATURDAY'S OFFICIAL
QUOTATIONS.
Once more the attention of the market has shifted to the invest- Changement section, strong inquiries being The fall in the price of rupes in- 30 Industrials 68.50 03.11 5.70 down | in evidence for Lands, Electrics, vestments to which reference was 20 Rails...... 28.67 28.25 2.30 down Telephones and Dairy Farms, which made last year has been arrested.20 Utilities. 29.15 27.07 9.08 down have all been marked up, The eredit of the Indian Govern-
The market is uncertain. Busi- ness done 3,700,000 shares
LAST TO-DAY'S PRICK PRICE
ment has greatly improved in the Messrs. E. A. Pierco & Co. Report. last 12 months, not only, because of the firmer handling of the interna! situation, hut also because of the large exports of gold which have helped the Indian Government to preato large storling reserves to meet their liabilities on this side. The spring up
of this new CX- port from India is been of inestimable value to India, which was suffering, like all other raw ma- terial producing countries, from severe contraction in the demand for her raw produce.
Elects of Tariffs and Quotas,
I should like to be able to any conditions in commodity that markets, which to my mind are of Since we last met 12 months ago far greater importance to the whole
Air Reduction ......... $514 18503 Allied Chemical and
781 Dye American Can.......... 561 American Telegraph
and Telephone 110) American Tobacco “B” 78.
Auburn
International
......
The lower-priced issues, on the other hand,, were somewhat subdued [on Saturday morning.
Sales.
Providents (Old), $5.
Hong Kong Bank, $1,540, Heng Kong Hotels (New), $18.65
to $18.70.
73
Hong Kong Trams, 23.
801
Hong Kong Electrica, $77.
1061 201
Telephonea (P.P.), $421.60,
Dairy Farms 8274/29,
76
64
Buyers.
Borden Company Canadian Pacific
+20%
2
3}
12)
China Underwriters, $2.80.,
Consolidated Gas of
New York ...... Drugs, Inc.........
China Fire Insurances, 2020.
55
52
Hong Kong Steamboats, 822Į.
42
301
Haubs, 838).
Du Pont de Nemours. 392 Eastman Kodak ..... General Electric General Foods
34)
H.K. & K. Wharves, 8130,
301
48
H.K.
W. Docks, $19.
18! 10)
201
284
Hong Kong Lands, 378 ex. div.
154
B*
Zoong Sings, Tis. 11.10.
Hong Kong Trams, 23.
Harvester 321.
271
Peak Trams (New), 875.
Yaumati Ferries (Old), $341.
11
12
Youmati Ferries (New), #33).
Myers
506
34
Chink Lights (Old), $13.
20
China Lights (New), $171.
Pacific Gas and Elec-
trie
Telephones (P.P.), $234,
282
271
Malabon Sugars, $23.
133
131
Cements (Combined), $16.90.
{
71
#2}
108
Watsons (Old), $12.80.
Lane, Crawfords, 831.
340
100
Hong Kong Amusements, $101-.
1
United Theatres, Tia. 5.
+25
238
Hong Kong Government Loans, 3
07,
Bh
Sollers,
14%
13
30
311
Union Insurances, $470, Benguets, $181.
Tel
Internațional Tel, and Liggett and Barriers are constantly being raised in the stream of mer Loew's Inc. chandise moving from country to
B!!
a distinguished personality has international trading community General Motors passed away. Both we, as colleagues than any improvement in Stock of his on this board, and the share. Exchange valnes, show signs of holders of this bank have suffered amelioration; but it is too early yet a very great loss in the death of to say that such signs are on the our late chief the Earl of Inchcape. horizon.
I cannot adequately here recall the valuable services, which he reu dered throughout his life to com- country. Whether in the form of raerce, to the country, and to the tariff or quota restrictions, or whe-Pennsylvania Railway Government both in this country, other in the form of exchange ration- Radio Corporation India, and in the Far East, but it ing, the interference by Govern Sears Roehuck is fitting that we should pay a justments in the natural of trade tribute to the memory of this very from country to country can only distinguished business man whose as have the result of using shrinkage sociation with this bank from its in the international exchanges of beginning and its recent develop-cominodities. We, as an exchange meat is known to all of you,
bank, are the first to feel the effects of such hampering actions, just as we shall be the first to feel the bene nt of their removal.
To his widow and his family I feel sure the shareholders will wish that an expression of their deep sorrow and sympathy be conveyed and I will ask Mr. Hargraves at the con clusion of my remarks to move that
-Light Open Male Chorus the secretary be instructed to send a messinge to them on behalf of this meeting.
7.15 to 8 p.m.-
From the Studio,
Selections by Reverly Erwin and bis Georgin Serenaders of the President McKinley."
8 pan-Loun time and weather
report,
gramme.
The Dividend.
Standard Oil Co. of
New Jersey Socony-Vacuum Corp. 117 Union Carbide and
Carbon Union Pacific
United Aircraft and
Trans, United States Steel... 128 Westinghouse E. & M. 343
*--Ex. Div..
Tribute to the late Chairman.
Mr. E. T. Hargraves: Mr. Chairman and gentlemen,-A duty the Rt. Hon. the Earl of Selborne, has fallen to me to-day which I feel K,G,' G.C.M.G., Sir Montagu I am hardly able to perform ade Cornish Turner, and Sir Alexander quately, hut I will do my best. 1 Kemp Wright, K.B.E., Dẫ., were had the privilege to know Lard unanimously re-elected,
Vote of Thanks to Directors and
Staff.
Coming now to the accounts of the Inchcape for a good many years. I The auditors (Messrs Peat, Mar- bank for the year ended March 31, have been a shareholder in the P. wiek, Mitchell and Co.) were re- 1932,, I have no doubt that the re- & O. Company for some time, and appointed on the motion of Mr. W. sults which have been achieved in the I think I am an original sharehold. Neill, seconded by Mr. Macphall. year of extraordinary difficulties er in this bank. Lord Inchcape had 8.03 to 10.30 p.m.-Chinese pro-will commend themselves to the very inny qualities for which we shareholders, for you will see that must esteem him, and it is very the net profits for the year fall very charming indeed to know that in a Mr. Hargraves then proposed a little short of those recorded in the democratic country like ours
hearty vote of thanks to the chair. All records in the above Euro-previous year, and have been such could go from strength to strength directors, and the officials of the
man, the managing director, t pean programmes are supplied by
as to enable us to pay the usual 5 and attain the position which he did company for the way in which they Messrs. Montric & Co.
per cent, dividend and to increase attain, and which I think I may say corporation during the year under had conducted the business of the our carry forward from £31,388 to that he adorned. £37,635.
10.30 p.m.-Rugby Press news. 10.35 p.m.-Close down.
LESSON-SERMON.
FIRST CHURCH OF CHRIST, SCIENTIST, HONG KONG.
he
He was one of review. He agreed with the chair. those who marched breast-forward, man that the past had been a dif Our acknowledgment for the satis-and never feared that the clouds ficult year, and it had been mont difficult for those people who dealt factory results is due to the excellent would break, and I feel satisfied that with money. As far as they were work of our management, Mr. Gub-in his example we have a very great concerned in that corporation, they hay and Mr. Malkinson, and the one to follow. Now, so far as Lord had done very well indeed. He was perfectly satisfied with the balance- staff at home and aboard in the last Inchcape is concerned, he was al-sheet, and they could take every one 12 months. I feel sure you will wish ways in business; he looked after of the figures which had been sub- "Soul" was the subject of the that the cordial appreciation of the everything, there was
detail mitted to them as gospel. So far as Lesson-Sermon in all Churches of shareholders be placed on record.
the business was concerted, there which he was not ready to attend was not the least reason why it Christ, Scientist on Sunday, August
The year which just closed has to, and in addition to that he had should not progress, and if trade
134.
The Golden Text was." Now the inat shall live by faith: but if any man draw back, my soul shoйl have no pleasure in him. But we are not of them whọ draw back unto
perdition; but of them that believe to the saving of the soul." (Hel, 10; 38, 39.)
no
shrinkage of trade, both domestic been characterized by a universalone great charm, and that was if only improved he was sure it would
up so. him anyone proposed anything
Mr. Hargraves added that he de-. and foreign, a world-wide fall in which Was reasonable he never sired to thank Lord Selborne for his values, and by a widespread lack of snubbed it, but took it into account help in regard to a measure white confidence.. Naturally these charac and very often used it,
he was trying to get through the Houses of Parliament, and which, teristics are reflected in the balance.
I cannot myself believe that euif passed, would correct the blund- ergies such as thong Lord Inchcape ers ir. the Bills of Exchange Act of; pussessed ceased when he died, and 1682. The Bill had passed the Com I believe that we may eny, and I demons, and he hoped it would soon receive the assent of the House of say it with reverence,
Lords.
sheets of all trading companies, as they are reflected in our own.
The Accounts.
Mr. A. Pitt seconded the resolu-" tion, which was carried unanimoU!
And doubtless unto him is given A life that bears immortal fruit In those great offices that suit The full grown energies of Heavenly
The Chairman having replied on I beg to move a voto of sympathy behalf of the members of the board, with Lady, Inchcape and the other Mr. M. M. S. Gubbay (the general members of the family in the great manager) and on behalf of the loss they have sustained in Lord officers in London and abroad, the
proceedings terminated.
Among the citations which com- prised the Lesson-Sermon was the
I.aced not, therefore, say much in ТОКУО 1
following from the Bible-" Every explanation of the reduction this IMPERIAL HOTEL MAMEI HOTEL good gift and every pericet gift is year of the total figures in our ba lance sheet from over £18,000,000 to MARUNOUGH from above, and cometh down from £14,366,000. There is a reduction of
Hotw ONORI HOTL
Father of lights, with whom is no £1,300,000 in our holding of bills TOKYO STATION variableness neither shadow of turn-and £3,000,000 in our loans receiv
HOTEL
Inchcape's death. ing. Wherefore lay apart all bithi.able and £1,000,000 in our advances. Our current, deposit, and other ne
The motion of sympathy was pass- KTUSHU-Bozz best and superfluity of naughtiness, counts, however, do not show any ed, the aveting standing for a low- YO-BOT-and-receive-with-meekneen-the-on-thing-like-such-an-equivalent can
The Chairman then moved the |MIYANOSHITA TAKARAZUKAHOZIL YOKOHAMA grafted word, which is able to save traction. They stand at & figure moments in silence.
slightly under £7,000,000, against
adoption of the report and accounts your soul." (Jamce 1; 17, 21.)
£7,750,000 in the preceding year. The Lesson Sermon also includ- There is, however, a contraction in, for the past year.
The Rt. Hon. the Earl of Selbornic, G.C.M.G., seconded ed the following passage from our loans payable against security,
for this item naturally fluctuates K.C., the Christian Science textbook, with the corresponding item on the motion, which was carried unanim
ously. "Science and Health, with Key to asset side.
The Chairmann proposed the de- the Scripture," by Mary Baker Our investments are this year claration of the dividend recom Eddy, All sin is of the flesh. It largely in British Government sec mended by the directors; the Earl cannot be spiritual. Sin exists here.urities, as contrasted with the large of Selborne seconded, and the reso or hereafter only so long as the holdings of Indian Government lution was agreed to. illusion of mind in matter remains. securities which appeared in our On the proposition of the Chair- It is a sense of sin, and not sinful previous year's balance-sheet.
mu, seconded by Mr. Colin F. soul, which is lost. Evil is destroy-1. Our affiliated institution, the Campoll, the retiring directors, ed by the sense of good." (p. 311.) Allahabad Bank, I am glad to TE (Continued on next column,}
FunA HOTEL
· IN TAIWAN (FORMOSA)—
-TAIHOKU ;- TAIWAN HAILWAY HOTEL-------
IN CHOSEN
HEIJO
Bao RAILWAY
KEIJO
HOTIL
BUSAN :—
GRAND
IN MANCHURIA :-- ¡ORANGCHUN :- (ROTEN(Mukden POSAN STATION YAMATO HOTEL YAMATO HOTEL
HOTEL DAIREN - SMINGISHU -- YAMATO HOTEL RYOJUV (Port Caca Horat BEINGHU STATION HOSHIGAUBA:
Arthur) YAMATO HOTEL YAMATO - HOTEL Open from April let until October $1st.
THE JAPAN HOTEL ASSOCIATION:
---Case-DI: TRATrio Buraru, Duranticent or Railways, TokyO.
2
the
AMERICAN-ORIENTAL
FINANCE CORPORATION
Agents in Hong Kongi-
Asia Lands Limited
Gloucester Building, Telephone 28880.
Dairy Farms, $27.85.
per cent, premium,
LONDON EXCHANGE
RATES
[BRITISH WIRELESS SERVICE]
Paris New York Montreal Brussels
Genova
Milan Berlin
8.04
Rugby, August 13.
881 3.471
3.99
25.05
17.863
Amsterdam
Stookholm
10.47
07 15/16
14.60
Copenhagen
18 23/32
Oslo
19.95
Vienna
Nom.
Prague
1171
Helsinfors
2321
Madrid
431
Lisbon
110
Athens
1540
Bucharest
5871
Rio
한
Bombay
1/73/04
1/0 11/32
Shanghai Montevideo Buenos Aires Hong Kong ... Yokohama ...... Silver (spot) Silver (forward)
EXCHANGE.
30 Nom.
Nom. 1/3.20/32 1/59 17 13/18 17 15/16
CLOSING QUOTATIONS,
August 13, 1932. On London:-
Telegraphie Transter..... 1/3} Bank Billa, on demand 1/31 Bank Bill, 4 months.
sight
....... 1/4 Credito,
A months' sight.....
ON PAДA:-
1/40
Bank Billa, on demand 585 Crodite, 4 months' sight 625 ON NEW YORK:-
Bank Billa, on demand 23 Credits, 60 days' sight. 24f UN BOMBAT
Telegraphic Transfer Bank, on demand ON CALOUTTA A
Telegraphic-Transfer- Bank, on domand ON SHANGHAI TAMANNA
Bank, at sight...
O YOKOHAMA :--:
Ön demand
ON MANILA-On demaridi 48 "ÜN SINGAPORE : ***
On demand
87
ON BATAVIA :-On demand 674 ОТ НАРНОВО
On demand
ON SAIGON:-On demand
On demandati SOVEREIGNS, Bank & Buying
Hate „-BAR SILVAR” par ca.
141
1/48