DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
SHAREBROKERS! ASSOCIATION.
HONG KONG DAILY PRESS, FRIDAY, FEBRUARY 17, 1933.
INTERNATIONAL
AFFAIRS
Duyves Balleru Bales Nominal!
THURSDAY, FEBRUARY 18.
Buyers
Baller
B
Banks
REVIEWED BY SIR JOHN SIMON
$1,770
K. Banks
$1,760
£120
E14
Do. (London) .......) Chartered Banks
Ja
213
[THRQUOU REUTER'S AGENCY.)
E24
Ti
201
201
$108
Bank of East Asia...
$108
N. O. & S. Badka
$28
Ain. O. Fin. Corp
T.6
China Fin. Corp. Urd.
T.1.60
Du.
Prof.
Inmorances
$1,375
$21
$3.4/35
Canton Lusuratioól --- | $1,381)| Underwriters
670,75
Union Insuranc08 190
$620
Mercantile Bks. “A”
Do
Ubins Firos*****
$1,350 H.K. Fires.................................
International Amca..
shipping
LONDON, Feb. 13.
situation in the Far East is
NEW EUROPEAN FEDERATION
AMAZING FRAUDS
ALLEGED
THREE NATIONS SIGN NEW Well-Known Merchant
ALLIANCE
(THROUGH REUTER'S AGENCY-)
NEW
GENEVA, Feb. 18. European commmity
Charged
SOLICITOR GIVES EVIDENCE
lation of some forty-eight million. The case in which Chan Sik Nin, comes into existence at Geneva to day when the Foreign Ministers of a well-known Hong Kong merchant, Rumania, Yugo-Slavia and Szechend former director of the Tung Slovakia sign the pact consecrat Wah Hospital, is being charged with ing their new alliance.
THE concern which the grave federation, embracing & popu causing to every member of the League of Nations was stressed by Sir John Simon, in a speech at Southampton to-night.
Not only is this because of the seriousness and the extent of the 11,34) conflict between two members of the League, but because the future of the League may be vitally effected
$2.50
1567) 4025
...
T.4
$30
Douglave PRISTIZAN
$30
Staumboats
$22
$26
Indos (prof.)
65/
$20
Do (def. adauch
80/.
46/6
47/-
$201
Waterboats
101
Mining
$171
Denguatan
14 20
Venezuela Gold Flds.
22/9
Kailas
$18 $3.65 95/
1X4 Langkats (single)...
T
T.s
T.
-T210 Explorativas.........
T2.3
20
Shanghai Loans ...
Ranba VELATIONAT
Tronoh Mino
83 ote. Benguet Explorations]
Docks, WharV60, Godowns, etc.
$144 H.K. & K. Whartea.
Providents (old) .......
Do. (new)...
31.90
16/8
#144 SA
$1.90
$20
H.K. & W. Docks
$1 80
223
$10
S. China Motors' å'
Do.
$8
T.96. Shanghai Dook... T6.20 New Edgineerings T.220 Hongkowa ........................... Landa, Hotels, and Buildings
38
$7.80
3702
T.16
T.10
***
$7.70
H.K. Hotola (old)
Do. (new)
H.K. Lands
Shanghai Lands ...
Metropolitan Lands..
H.K. Healties.........
T11.40] Chins Do
1444
T.99 Do. Debentures
$14.35 Humphreys M$140]. Asia Realtion M328
305
14
T.71
$115
Do.
WA...
"...
Chineas Estates. Cotton Mu
Ewos
S'ini CottonUS...**-*|
Zoong Sings.........
Wing On Textilse(S.)|
Public Utilities
$31.20 Towaye
$1.20 Peak Trams (old)...
Da (now)...
Yaumati Ferries(old)
Do.
dum. rights...a
#5 T.93
RA
*
18.10
(ar div. $761
$74
444
by the outcome."
Here again, he said; British policy has been, perfectly consist- ent throughout. We seek to act
The alliance will replace the Little Entente agreement and pro vides that the three countries shall act in unison on all political ques- tions.
The pact also prohibits the can clusion of treaties by any member
ARGENTINE TRADE
MISSION
COMMITTEES NOW
APPOINTED
TROCAR REUTER'S.
HONG KONG STOCK MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
The market continues to be clominated by the
speculative issues, which have again suffered a further decline, Hotels being quoted as low as $73. Cements" $75 and Lights #11.
The one bright spot, however, is the consistent demand for invest Drment issues, Banks being reported done at 81,770, Unions $375 and Cantons $1,375.
Ru Feb. 15. THE President of the Board of Trade to-day received Juio Roca and other members of the Argentine Mission who are re- maining in this country on the can. chaion of their official visit in con- nection with the trade negotiations
having forged and uttered a power Statements of the Argentine and
between the two countries.
of attorney, and, by its
United Kingdom points of viow sizing a vast business in Hong were exchanged, and committees Kong with ramifications in Indo- wore set up for the purpose o China, and running it as he pleased, examining further various aspects was continued before Mr. Schofield of the situation,
MOLIN
at Central Magistracy yesterday when Mr. E. S. C. Brooks, the well-
as good members of the Longue and of the alliance with any other known solicitor of Messrs Hastings | Mesars, Hastings & Co. for over nine |
as firm friends of both sides. We have co-operated to the utinost of our power to bring about a recon- ciliation, for that is the first duty of the League in such a case, and the promotion of peace is not only the greatest of British interests, but is the very reason why the League was formed.
.
Not a Super Stats.
The League, he emphasised, is not a super-State exercising over riding physical compulsion over its members, it is an international organisation which seeks to sub- stitute co-operation for force and conciliation for conflict.
And if. conciliation for the no- ment fails, the League' has the dury of making a report and recom- imendations with firmness and fair, neas in order that the influence of warld opinion may make its full contribution to a solution and settlement.
& Co., gave evidence with regard to States without the consent of all,
The participants have discussed the power of attorney. their common attitude towards dis- armament and have also resolved to strengthen their economic rela-prosecution, tions.
Agreement Signed,
Mr. Hin Shing Lo, instructed by Mr. Peter Sin, appeared for the And Mr. F. X. D'Almada Castro, Sur, represent. ed the defendant, who entered a plea of "Not Guilty."*
རྞr
years.
Mr. Lo: Do you know a person. in the name of Chan Sik Nan ↑
Mr. Brooks: Yes, but I know him better su Chen Hing Kau. Is he in Court I—Yes. · ·
How long have you known him?- I cannot say exactly, but I think about five or six years. He was one of my clients.
Do you remember if you have a client of the name of Chan Cheng Shi (defendant's wife) 1-Yos.
GENEVA, Feb. 18. The Little Entente Agreement-According to the prosecution, the between Rumanin, Jugo Slavia and fira in question was the King Fook Czecho Slovakia was signed this Wo, medicine dealers, of 66, Bon- morning by the respective Foreign ham Strand East, and the accused Ministers, Titulesco, Yevititoh and was alleged to have misappropriat
od monies and goods of the firm to
Between the End and 6th of Benes.
the value of over a lakh.
February, do you remember having The firm was started in 1914 with attended to the execution of n capital of $45,000 by a number power of attorney by three persons in the names of Chan Ping Cheung. of partners including one who is an Chan Wing Tong and Chan Fook uncle of the accused. In May the same year, a branch was opened Hau Tong in favour of the defend- in Nan Dinh, French Indo-Chinn, ant-I don't remember. and both businesses appeared to In reply to further questions, Mr. have enjoyed at once a period of Brooks said that he had no other prosperity.
ineans of finding out whether he had executed that power of attor
ey, except the bill book which he produced in Court.
NEW CHEF OF POLICE
APPOINTED AT BERLIN
(THROUGH RECTER'S AGENCY.]
BERLIN, Fob, 10,
In 1829, however, the Nam Dinh Sir John was making a general NATIONALIST SU
been appointed to three Pro-branch lost about $42,000 owing to survey of international affairs and referring to Disarmament, he re-vincial Governorships, while fifteen high customs duties, and the accus beened, who seemed to keep an interest Presidents have Polico
in the firm all the time, acized the similarly replaced
pre. decessors are to be placed on the opportunity, it is alleged, and, armed with a false power of attor retired list,
ney, went to the Nam Dinh firm and turned out the manager there, Chan Kan Hing, whom ho accused of
gretted that the Geneva Conference had been unable to make more ez civ $14.10 rapid progress in its most difficult, but most essential and urgent task. Britain, which had already made great reductions before the Confer ence began, was doing everything in its power to promote an effective international agreement.
W
T14.05
$116
$16
Political Problem. After mentioning the British 121 30 programme of work now before the
Conference he proceeded Com plicated as the details of any gen oral Disarmament Convention are bound to be, the fundamental dif- ficulties are not technical but poli- tical. As long as neighbouring $11,85 States live in fear of one another 30+
they will hesitate to disarm, and excessive armaments are too often the measure of that fear.
18
$8
100
Star Forrica
3001
$34
$23
(now)
$32
#31
***
$12
China Lights (old)...
$01
Do. (new)...
Do. Rta.
$781
H.K. Electrics am
76)
$24.30 Macao do.
$12
Sandakan Lights ...
$30
Fateplionon (old).....................
$28
3873
Do.
(now)
1271
T.10
China Busos :
3/-
Tractions
12/-
Do. (pref.)
Industriala
127
Malabon Sugars
$27
T.14 Caldbeck, Hord.)
$6
Canton Ices.......**
35
19.00
Uements (comb.)...
$8.30
$7
Du.
13
Do.
(old)... (udw)...
$6 $3
T.104 Macgregura praf.)
$11,30 Ropes ve......sÿï............
17
$99
$12
Ch: Agriculturus
Miscellaneous
Dairy Farms are a
Dor A Wings.........
Amusaments ......
$13.40 Ch. Etainments..... $12}
Constructions, (old)| (DOW)
Do.
Lane Crawfords...
$11.40
$191
Their
have
Von Valeem is the new Governor of Hanover, succeeding the "Red Bloodhound," Dr., Noske.
Rear Admiral 7on Lovetzow be comes Police President of Berlin, which he hopes to "govern as I formerly governed the creas battleship."
The British policy, therefore, aims not only at giving the lead for the international adoption of practical, methods of disarmament A but seeks, by every means in its power, to establish a sense of con- fidence and of mutual understand ing between nations, upon which an effective measure of agreed in ternational disarmament must rest
This is the real relation between our work at Lausanne and our work at Geneva.
Reparations.
..
Ever since the peace treaties, the question of reparations has been a menace to European stability and $294
even to European peace.
The achievement at Lausanne con sists in this, that an agreement was reached between Germany and her European creditors which show- ed how they must arrive at a final settlement of all claims and dis putes about reparations and which at once brought about a marked improvement in the prospects of more peaceful co-operation.
$1.10 302
.90 otu
$5.40
$21
Mackintosha ma
Nanyang Tobacco...
Binceros ***
315).
$124
Watsons (ok) an
$124
$11.40
Do. (new)
$122
33.35
$10
M. Greyhounds......
Wm. Powells.
$3.90
$91
0. Enterprises....
1.51
United Theatres......
63/
B. Ind. G. Bonds... 661,
**
H.K. Gort, Losas...] $100
prem.
$9
Wallace Harper .....
China Sports Ltd...
A
$8.25
A.K. Wing O.........
2235
S'hai
Do:
$188
LONDON STOCK
EXCHANGE
[DRITION WIRELESS SERVIOR}
Paris
New York
Montreal
Brussels Anisterdam "Berlin
RUGBY, Feb. 15.
EXCHANGE
CLOSING QUOTATIONS
February 16, 1833,
ON LONDON :-
Telegraphie Transfer... Bank Billa, on demand 1/3 Bank Bills, 4 months'
Might
Credits, 4 months'
sight.
... 1/3/
•2/3€
Bank Billa on demand s
Oredita, 60 days" sight. 228"
Banke Bills, on demand 360
371
3.43
4.08.
24.81
8.15
14.44
Geneva
17.80
OF NEW YORK:
Copenhagen
22.45
Stockholm
18.86
Oslo
19.50
ON PARIS
000
530
!
Vienna
30 nom.
Milon
Prague
871 118
Madrid
Lisbon
Belgra
4126/32 110,
Benom.
On Demande
ON KOBE
On demand
OR
On demand
Athens Bucharest
Helsingfors
Silver (Spot) Silver (Forward
Credits, 4 months sight 500----
ON INDIA
Telegraphic Transfer....1, Bank, on dammad murd OF SHANGHAI"-
ON MAKILA
OK SINGAPORE:
Ox
761
of
UNION. GUARDIAN TRUST BANK
having misappropriated funds bo longing to the firm. He then took over the managership of the branch, reserving to himself the power of appointments and dismissals,
Mr. La:. Can you by means of that book show any reference as to this particular power of attorney?
Salós.
Hong Kong Banks, 81.770. Univa Insurances, 8870/573. Ewo Cottons, Tis. 13.43/13.70. Star Ferries, 890.
China Lights (Old), #11}, Electrics, $78." Coments (Combined), $71/73.
Buyers. "Canton Insurances, 81,375.
Douglasies, $20.
H.K. Steamboats, $99. Chinese Estates, £95. Ewa Cottons, Tis. 134. Cements (Combined), 87, Dairy Farms, $29. Sinceres, 813). Government Loans, 4% Prem.
Sellers, China Underwriters, 82.40.. Providents (013), 84.40. Hotels (Old), $71. Realties, $7.70. China Lights (Old), $12. Malabon Sugars, Constructions (Old), 8sf. ́UNCLAIMED TELEGRAMS. AT THE EASTERN EXTENSION, AUSTRALASIA AND CHINA TELEGRAPH Co., LTD.
ADDRESSED
Schroeder Peninsula
Hotel... Brassinne Credit Foncier
d'Extreme Orient Mrs. Marculock Hong:
kong Hotal Bentley
Beck
FROM
Shanghai
Singapore
Calcutta Noumea.
Cairns Old
hampo
Usher Y.M.C.A. Salle-
bury Road Kowloon... Wolsing.
C. C. ULARKE, Manager.
Mr. Brooks: Yes. According to this book, on December 5, 1929, my Hong Kong, February 16, 1933. firm drew up a power of attorney on the instructions of Chan Ping
Cheung and two others in favou of Chan Sik Nin.
Was the power of attorney hand- ed to the defendant in your pre- sence 1-I don't remember. I don't know whether defendant was pro- sent or not when the instructions were given.
While he was in Indo-China at tempting to secure control of the business thore, accused did not neglect the Hong Kong office. He
Can you give us copy of the gave instructions to his wife in Hong Kong to take charge of the Hong although I searched through my powor of attorney 1- cannot, Kong business, and, fn accordance office. with these instructions, his wife called on the then managing part ner of the firm and dealt with him in a method very similar to that which rosulted in the ousting of the Indo-China manager.
EFFORTS TO RELIEVE CRISIS FAIL
[THEOUGH REGTER'S AGENCY)
DETROIT, Feb. 16.
Mr. Brooks' Evidence. DISAGREEMENT between Mr.
Haury Ford
Senator and.
Before giving evidence, yesterday, Jimes Couzens, of Detroit, who was once a member of the Ford which was the 23rd bearing of the firm, figured in the breakdown of case, Mr. Brooks pointed out that negotiations for a Reconstruction he had not been asked to give avi- Finance Corporation loan sufficient dence, and that the first thing ho to tide over the Union Guardian ba knew about it was when he got Trust Company's emergency.
the subpoena. "I don't like to be Senator Cruzeria in the chairman an unwilling witness," said Mr
the Finance Reconstruction Brooks. Committee investigating the loans made by the Finance Iteconstruc tion Corporation. He insisted up- on Ford's G$7,000,000 deposit be- ing listed as collateral in the ap. plication for the loan and he frozen as security for the loan. Ford, it is understood, agreed only provided other large deposi tars joined with him in that couric.
of
It is learned that despite the fact that the city has nine million dollars in a local bank, Detroit is
It is most important that we technically unable to meet the should not now disturb that pro-interest
ita obligations upan spect.
emounting to C$11,000.
The Lausanne agreement still avaite final ratification and wa simply cannot afford to do any thing which would render ratifica- tion impossible. If the reparations question were to be reopened, con- fidence throughout the world would be farther undermined and the fall in prices and the economic distress
of the world accentuated."
WILLYS OVERLAND
MOTOR CO.
PLACED. IN HANDS OF
RECEIVER
(THROUGH REUTER'S AGENCY)
My Debt Question, Bir John Simon made only a passing allusion to the Anglo-
TOLEDO, Ohio, Feb. 16. Amorcan debt, remarking that Sir Ronald Lindsay was in full pos- THE Willys Overland Co. motor manufacturers, have been placed session of the views of the British Government and would soon have in the bands of a receiver by the an opportunity of again seeing the Federal Government John Willys, chairman, and A. Miller, pro President-elect, Mr. Roosevelt.
Britain deeply appreciated Mr.sident, are named as the receives
The action is understood to be Roosevelt's invitation for an early exchange of views with him, not in the nature of a friendly mut only on this subject, but on the brought in order to conserve the wider range of economic problems, company's assets
which in due course, would come before the World Economia Ebn- ference and in the solutii of Which all on both sides of the ocean were so vitally interested.
LORD RUNCIMAN.
NEW PEER TAKES. HIS SEAT
LEG THEORY BOWLING
SOUTH AUSTRALIAN
· RESOLUTION
[BRITISH WIRELESS SERVICE)
ADELAIDE, Feb, 15. THE South Australian Cricket Association to-day passed i resolution disapproving of bodyline | bowling and appending to elu captains to prevent its use on the rounds that it threatens on. - necessary risk of injury and robs
of the most interesting:
In answer to Mr. Lo, Mr. Brooks said that he had been a partner of
Did you draft that power of st torney I-I cannot remember, but I think I might have done it as I signed the bill.
Mr. Brooks then went on to say that on one occasion he issued a writ of summons against the Hang Tin Ho firm on behalf of the defend- ant, in the name of the King Fook Wo Firm. At that time defendant told him that he was the manager of the King Fook Wo Firm.
Cross-examined by Mr. D'Almada, witness agreed that the defendant might still be a partner of the firm, although he told him he was the manager.
The case was then adjourned.
NEW YORK STOCK EXCHANGE
A.O.F.C. QUOTATIONS
(KKUTER'S AMERICAN SERVICK)
New York: February 15
Dow Jones Averages: High-1032. Low: Feb. 14
: 20 Halls
30 Industrials
20. Utilities
40. Bonds
88.78
47.29 56.75
41:30
13.23 37.45
36.11
16.53 21.36
83.26
Feb. 16 Change 66.71, 04 down
27.38.07 down
23.87.39 down
65.78 79.7479.00.05 down
E. A Plarce and do. Report. The market is inconclusive Trading sentiment is more bearish than bullish. A "do nothing" attitude in advised. The regular dividend has been declared by American Telophone.
Business Done: 750,000 shares.
021819 3.00 Air Reduction
9.00 American Tel & Tel. 44 5.00 American Tobacco B
Anaconda Copper Mising
4.C Auburn
2012.00 Borden Company “izdusness
Canadian Pacific
1.00 Chrysler Motors
1932 Drv.
HIGH
Low PREBI.
856)
LAST SALE Feb. 14 Feb 15.
$507
67
42
· 1874
8.00 Allied Chemical & Dye 2084.00 American Can 711
BOZ
70%
56)
86
100 1002
89
534
524
B
18
1512
281
431
211
10
∙11)
081 57
314.00 Consolidated Gas of NY.
23
4.00-Drugs, Inc. Cake
36 x d 34
2.00 Du Pont de Nemours
354
871
3.00 Eastman Kodak-
55
54.
0% s. Electric Bond & Share
142
45
38
0.40 General Electric:
13
2.00 General Foodr
21
1.00 General Motors
∙121
1
100 Gillette Safety
13
10 1.20 International Harvöstár
--1719
International Tel. & Tel: 4.00 Liggeft & Myers: B
101
46
37
231 13
2.00 Loew's Ino.
Montgomery Ward
2.80 National Biscuit
2.00 Pacific Gas & Electric
Pennsylvania Railway
Radio Corps,
Bears Boobucke
100% Standard Oil Co.10
1.20 Union Carbide & Carbon
United States Steel
10 Westinghouse E. & M
18
0.40 Socopy-Vacuum Corps.
15
6.00 Union Pacifib
KING'S THEATRE.
COMMENCING SUNDAY 19TH FEBRUARY
One Glimpse of Eternity.
gave him the courage to rem live a lifetime of romance, revenge and unquenchable longings in six swift hours.
SIX HOURS TO LIVE
BAXTER
From seletal story “Auf Wladar- sahenTM by Gordon Moeda und
Dirkal by William Dieterla
ADDED ATTRACTION! Special newsreel showing:
The Official opening of Canton's New Steel Bridgen
The opening of the Er
hibition, and Pictures- que Kwangsi Scenery.
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