Money and Markets
(Continued fram Baốt 3.)
FRANCE'S CONVERSION SHCEME
CHAMBER OF DEPUTIES
PASS CONVERSION BILL
THROUGH REUTER'S AGENCY)
PARIS, Sept. 17. THE sighty-five milliard frane Conversion Bill was to-day passed by the Chamber by 540 votes to 48 after an all night sitting
The Bill authorises the Treasury
to reimburse or convert into 43 par) cent. rentes at par, all issues t pretont bearing from five to seven per cent.
These issues comprise & per cent rentes, 1916/10 to 1025, é per cent Bonds, 1927, and 7 per cent. Três
rentes, 1920 to 1927, per cent.
sury Bonds, IVZI
PARIS, Sept. 17. THE Senate passed the Conversion
Bill by 291 votes to nine.
GERMAN BANKERS AND "FROZEN CREDITS "*
(THROUGH REUTER'S AGENCY.]
BERLIN, Sept. 17. THE leading banks, have decided to establish a M.30,000,000 "In-
stitute for Financing Industry," in
order to relieve the banks from thi burden of frozen credits."
TARZAN
IS COMING
NEW YORK SHARE SENSATION
HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 19, 1932.
RICE MONOPOLY IN'
JAPAN.
SEIYUKAI PREPARED TO PUSH ITS SCHEME THROUGH,
GERMANY TO ASK POSTPONEMENT.
DEBT MORATORIUMS · WITH OTHERS IF U.S. ACCEDES.
Berlin, September 9.-The Ger- Tokyo, September 7.-Three prob. man Government to-day confirmed leme will receive the special atter that it is planning to ask Washing tion of the Šeivukni in the formula on for a postponement of the semi- tion of its policy in the next onual payment of 33,000,000 marka PARTY POLITICS AND THE dinary acasion of the Dict. These due on September 30.
BOOM
(TRROVOR RECTER'S LOENCY.]
NEW YORK, Sept. 18.
was provided for SENSATION
Stock Exchange circles to-day, following rumors that the recent boom was engineered by Republican Party supporters for political pur
poser.
cations
་་
are the framing of the fundamental
rice policy, the elaboration of as effectual plan for debt. adjustment
and the measure to stabilise the exchange.
The payments are arrears of ob- ligations on account of the costs of the United States Army of Oc cupation and the costs assessed against Germany by the Mixed
Claims Commission.
Regarding the stablishment of the fundamental rice policy, the Govern- ment, in reply to the Seiyukai's Beyond confrming that a post interpellations in the Diet, promised ponement would be requested, the to introduce a measure in the next German Government withheld any "casion of the Diet, and so the officist announcement pending fur- party expects the Government to ther conversations between the lay some fundamental rice policy United States Department and the before the next session. In the Osrmany Embassy as Washington. meantime, it will endeavour to pro- It is understood that whereas duce an emergency programme. It Germany had at first intended to
is, of course, impossible to say it ask a postponement of two and one present what the Seiyukai's rice half years, a longer period of delay policy will be like. The Noseikai, may now be requested.
тод
ANY LETTERS FOR YOU?
POSTE RESTANTE
CORRESPONDENCE.
DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
Boyers Sellers
$1,890
12.95 3497
81
Aeracrete (Hong Kong), Ltd., H. A, F. B. Archer, C. A. Benoist, R. Busola, Dr. Norton II. Bare, E. Dolton, Miss E. G. Berzon. A. H. Chinay, Lydia Tynu Chong Mrs. R. Capen, The Chinese Produce Export Corporation, C. Chambers, W. R. Dawes (Y.M.C.A., Kow- loon). Miss J. Denn, John Fink, G. Hoeger, 1st Lieut John P. Kennedy (jr.), Rev. M. Kolho, Mr. Jos Lagaia, Pacific Commercial Trading Co., Elena Ley, Miss Lily Leo, W. C. Mok. H. E. McGowan, Jack Mantz, J. Moyna, N. G. Majer, A. J. Martin, A. T. Miendy, Mrs: Marguerite Mcgill, G. F. Massey, Mr. K. Nishiyama, D. Needhaw, Mrs. Agaton M. Ocampo, Mrs. Pangilets, Messrs. G. A. Payne & Sou (Importers and Exporters), 840 Mr. Bill Page, Phillips, Ltd., Mr. P. Peilard, Mad. J. Rust, Reichardt
$93
$21
#71
19.00
The Business Conduct Committee of the Exchange has directed all New York City members to submit to the Commistee for examination copies of all telegraphic eommuni-
a group of Seiyukai members ré If an agreement can be reached song over their private wires presenting agrarina communities, is sith the United States, it is unde & Co., Charles Reubner, Robertson, getween September 12
September 12 and Bentem-strongly in favour of a rice monolood that Germany intends to open Thomas, Money Order (Stoker), 942 her 15 dealing with topic of a poly, and its views seem to find negotiations for similar moratoriuma Miss M. Solis, Dr. A. Stamper, wide support among the party. with other nations, although the Mrs. H. W. Smith, Sum Kwai the policy to be eventually evolved
Francico Suares, · J. Papen Cabinet ia carefully Chan, Sr. by the party may not go as far as avoiding the use of the word Townsend, K. W. Triete, A. C. that, it is believed that it will be moratorium," T
insisting upon Wardley, Wing Wah Dispensary, something approximately to it.
"postponement" in all references Mrs. I. M. Xavier, Basilio Ybon, As regards the debt adjustment It is suggested that the move of measure, the Seiyukai means to
to the negotiations.
John Zito.
the Committee is primarily design-adhere unyieldingly to the central ed to warn Washington politicians depository plan, which, by the way, that the Stock Exchange will not was responsible for the falling through of the Debt Adjustment lend itself to the distribuiion of Guild Bill in the session just closed. propaganda by any political party. The party recognises some defects widespread in the plan as it is, and intends to
improve it after further study.
political betul."
The production of these wires may lead to sensational revelations.
Warning to Washingten.
been
There have
rumours that the present boom en the Stock Exchange was partly engineered by optimistic reports from the Republican forces and that a similar move is contemplat- ed before the presidential election in November.
BUILDING
LODGE
GLOUCESTER
JOCKEY CLUB GRAND STANDS
MOUNTAIN
SEAMEN'S INSTITUTE
SC. M. POST BUILDING
JOCKEY CLUB STABLES
HONGKONG CLUB
CRICKET CLUB
So far as the stabilisation of the exchange is concerned, the Seiyukai introduced a resolution in the Diet, but the complications on the Rice Bill lost it the opportunity of being discussed at all. It will take the
ADMIRALTY FLEET
ORDERS.
SEVEN NEW SHIPS TO BE
BUILT.
*Registered Articles.
China Machinery Supply Co., A. L. Dodge, Mons. Phil. Droun, Mr. H. G. Freeman, jn, M. H. Gracias, Messrs. . Hassaram & Co., Hui Yu Wai, Robert Hawse (c/o Ameri- can Consul), Messrs. Independent art Association, Mons. Georges Lyun, Mee Fong Hong, Progressive Co., H. H. Pleonjes, Nar and Dorothy. Ha M Nur. Shah, Imam Masjid, Jameah Masjid, Miss Ar. Q. Wong (c/o Mark Sui Ying). assigned.
Unpaid Oorrespondence. Arethusa Shark Miss Jane Baptiste, Roy, S. Amphion Cannerman, Diethelin & Co., Mons.
Iphate, Muller (Maclean Co.).
The following names have been given to the ships of the 1931 pro- gramme to be built in H.M. Dock yards:
matter up vigorously in the next Building. Type of Ship, scasion of the Diet,
Chatham. Cruiser
FREE
MAINTENANCE
PERIOD
HONG KONG
CENTRAL HEATING HOT INSTALLATIONS
DOMESTIC
BY
DOWELL & CO.,
WATER
CO., LTD.
CANTON
ESTIMATES
FREE
SANITARY
H.K. GOLF CLUB
GERMAN CLUB
ST. STEPHEN'S COLLEGE
DIOCESAN BOY'S SCHOOL
MATILDA HOSPITAL
TUNG WAH
HOSPITAL
ALICE MEMORIAL HOSPITAL
WAR MEMORIAL NURSING HOME
Submarine Portsmouth Cruiser
Flotilla
Leader Tender to Vernon Devonport. Sloop
Sloop
Name
Exmouth
$16 $72
IRA ⠀MIL BRODH
Nominal
ไ
EUL
$109
#28
10 84.60
SHAREBROHERS ASSOCIATION
SATURDAY, SEPT. 17.
Banks
H.K. Banke
Do: (London) ... Chartered Banks... Bercantile Bis. "A"')
Do.
Bank
Buyers Balleru
$74
Nof East Asia... $108 6. Barks Am. Corp. rd.
Fin. Corp:
China Fin
Do.
Insurancsa
Pref.
1,410 Cantor Insurances.... Underwriters Union Insurances...! China Fires... $850
H.K. Firda
International Anace..!
Skipping
€487
31,2 of
$40
Douginuca +49
Ludos (prof.)
-Do.
(def.)
63/9
Shella
2401
345
98/9
Steamboats..***
Water-boats t
Mining Benguets.....n
Venezuela Gold Fids.}
Kailans Achet
Langkata (single)... TS10 Exploratiun........... T2.30 Shanghat Loss :.
Hanba
Tronoh Mines
20 ata. Benguet Explorations
Docks, WharveS,
---
#:
Balsins &
$1,085
2148
]
$1,410
$497
$1,200
334 #921
80/-
11/0
321
3174
T.**
T.I
3401
10 6
Godowna, eta,
$140
Providents (old) ....
H.K. & K. Wharros. $138
$4.05
$2.390
Do.
(new)...
$2.20
323
1.K. & W. Locks
#10
S. China Motors A
485
$10
*38
Do.
"B"
1:89
Shanghai Docks
+
$10
T.01
New Engineerings
11.00+
Tl6 Hongkowa .................................
1..10.00
+++
Landa, Hotels, and
Buildings
H.K. Hotels (old)
Do.
H.K. Land) 375
T.341 Bhanghai Land
Metropolitan Lands..
་་་
HK Realties.......10
T.61
$11.25-$11.60 $10,90 81 ...
$751
ra
(new)
...
EWO.......... T13.75 T13.95 13.80/6
1.84
Tuaso
***
$11801
eli $75)
T.10
#01
JB.20
T13.40
Chin Do,
|*|(96)
Da Debenture
·SLU
Humphreys
$15.80
$140
Asia Rosities "A"M
$28
Do.
"M
$100
Chinese Estates.......
Cotton Milla
T.134
13.807.03
T.63 Sbai Coltons........................
Tizio Zoong Bings
8120
Wing On Textilea(S.)) $150
Pubito Tiki.
$22
Tramways
#22.10
管
Peak Trama (old)
$20
Do.
(now)...
$74
3801 8911
Star Ferries
135)
Yaumati Ferries(old);
134
Do. (new)
$341
$17.30 17 17.40-40
Chains Lights (ok):
$171.
$18
Do. (new)...
$16
374)
$75
H.K. Electrica...
174
324
Macao do..
12
Gandakan Lights
$28
Telephones (fully pd.)
$28
Do. (part pd.) 12.60
1.10
China Buses mus
Tractions
14j.
Do. (prol)....
$271
Malabon Sugars ...
T.14
Caldbeck, (ord.)
T.10
Macgregora J(prefi)|
Canton I
364
$14.7
$101
Do.
$34
Do
-
$12
Ropes
$101
Cements (comb.)... $14.0
(old)... (new)... Ub:Agriculture +*
14.60%.70
+
+3 312
Dairy Farms ... $27)
31
Der A Wings
$20
Amusements
120
134
Ch. Etsinmente.............
$13;
€0.00
$6.60
$1.40 353
Mackintosh
Nanyang Tobacco...
816
Binteres
$124
Watsons (ald
412
Vn Powells
$10
313
The undermentioned undeliver able registered articles are lying in Skylark the Returned Letter Office, General Grimsby Post Office, and' will be returned to Leith the senders on production of the certificate of posting:-Hong Kong 130 to Shangnai; Hong Kong 5931 to Shanghai; Hong Kong 161c to Shangbai; Sheungwan` 20070 Oakland, Calif.; Wantsai 598 Shanghai; Wontrai 183 to Foo- P.I.; Hong Kong 103 to Trinidad. chow Bong Kong 021c to Manila, 1971
Staf Course, The following additional Officers have been selected to undergo the RN. Staff Course, commencing in January, 1833:-Commander C. I. llorton, R.N., Commander C. C. Hughes-Hallett, R.N., Commander CA. Mannergh, D.S.C., RN, Commander R. S. Lovatt, R.N., Lieut. Comdr. J P. Wright, R.N., Lieut.-Comdr. R. B. M. Long, RA.N., Lt.-Comdr. F. E. Getting, RAN., Captain and Bt.-Major R. A. D. Brooks, D.S.O., R.M., Capt. L J. Woodington, R.M., Capt. E. F, C. Lordon, R.M.
Unclaimed Radio Telegrams.
to
to
North China Morning Post, from Shanghai; 4100 0093 0764 1648, from Canton; 0830, from Amoy; 0148 3293 0007 6594, from Shanghai; 5897, from Foochow; 1801 2002 6804 2168, from Shanghai; 0022 3883 3067 1344 Appointments will be issued in 5804, from Nanning; Sinthyechan,
from Palembang.
dre course. "Naval or civilian officers or mem- bem of Queen Alexandra's B.N. Nursing Service, who return from service abroad to take up an ap- pointment to a ship or establish- ment at Plymouth or Devonport and who travel by steamer proceed ing to London, but stopping at Plymouth en-route, are expected to dembark at Plymouth. If disem- barkation is deferred until Londen is renched, the cost of the subse quent journey from London to Ply meuth or Devonport is the officer's o liability.
BIG FOREST FIRE NEAR SANTA BARBARA.
, je
HOOVER'S £800,000.
FORTUNE UNTOUCHED BY
THE DEPRESSION,
President Hoover's private for tune, mid to be about £500,000,
bonds 11 years ago, and there it was invested in safe and solid
Industrials
MiscellaneouS
Constructions, (old)]
Da. (now){ $1.40 | $1.35
Lane Crawfords...... $5.40 15.55
Wate
(DOT)
34. Greyhounds.....
20Enterprises....
United Theatres
B. I. G. Bonds... 63% 11.5. Goet, Loans... $1031
41.00 Wallace Harper...
China Sports Ltd....
*16.35
preg. 377.
$10
Slo สเต
H.K. Wing Ou
· $285
B'Do.
biog
$1.80
$13
5121
83,30
***** $215
LOCAJ, AND REGULAB OUTWARD MAILS.
.WEEK DAYS. · SUNDAYS & BOLIDAYS
FROM FROM SETUNGWAN 0.2.0.
has remained, practically un- Samahal and Wachow touched by the depression, accordfrect atasimės). ing to Mr. Edgar Rickard, the Pre- sident's financial agent.
Cão & Tupshan
Tongmoon (except Batare "Kikkong (dibert Saturdays
(815am & ∙1:15 pan.
Hondays 8.15. only
Sundays
only
8,301.30.
FOR
FROM 0.1.0.
From Basuwowak Baarom P.0,|
BEANOX
sm & § 7:00 am..
17,00 PL
(7:35 am, & £7.00 am, &
8.00 pm 17.00 pm
4.00pm.
4.00p.m.
4.00 p.m
9.00
890 min.
· 190.pm.
18 in. & 7.80 kb,
Į 1,80 p.m.
6.00 p.m.
8.00 p.m. 6.00 p.m.
6.00p.m.
6.00 pat
1,00 T
1,15
7.15 1.21.
1.00p.m.
11.00 .22
€9.00 min. &
2.00 pm,
8.00
8.00 p
100& 6.00pm
800 110
18,89
8.30
Pidigiban, Santin Bhab
Shopź
Mr. Rickard has denied a report printed in the magazine "Fortune" that the President's wealth has shrunk to £140,000, due to the stock Fatahan and Wuchow market crash and the failure of a
Santa Barbara, Calif., Sept. 10-Washington newspaper he owned,"
Tu Po "Mr. Hoover his no stooks of interna A forest fire which has burned over silly thousand acres in Ventura any land. Eince he became Seere. Shumabun and Santa Barbara countries, was tary of Commerce 11 years ago beheungchow rading within a few miles of Monte has not bought or sold a single cile, exclusive suburb of this city, share of stook," declared the fin Aberdeen today.
anrial agent.
Boorea of fire-fighters were re-
It is also untrue that the Pre orted to protect the luxurious sident has oil investments in for estates of wealthy California fami- eign countries. He has nothing lics and castern visitors.
inverted abroad.
Kamtam. Shokki; &' Tuipip
Famla); -
9.00a.m.
11,00
$11,00 1.45.00 pm.
8.00.00. -12.00 t
2.80
10:30
10,80 mámě