Page
HONG KONG DAILY PRESS, WEDNESDAY, MAY 3, 1933
GOLD BAR SPECULATION SHOTS AT CROWDED
IN HONG KONG
OPPORTUNITY FOR THE
5+
SMALL MAN" TO HAVE A FLUTTER
SHANGHAI BROKER STARTS IN ICE HOUSE STREET
SPECULATION IN GOLD BARS IS NOW MADE FOS. SIBLE FOR THE SMALL MAN IN THE COLONY FOR BY MAKING A MODERATE DEPOSIT, ONE IS NOW ABLE TO SUORE ON THE RISE OR FALL IN PRICES OF GOLD BAR AS QUOTED IN SHANGHAI,
The quotations come through from Shanghai to the South China Gold Bar Company of No. 7, Ice House Street, every few minutes. The buyer can make a purchase by adding one point to the quoted price and can dispose of his "holdings" by doducting one point from the quote price. The transaction, it is understood has to be Ilquidated by each settlement day at the latest, but should any one want to settle his losses or collect his profit it is open to him to close the deal at any time,
The quotations yesterday were followed by quite a number of people who dropped in on the Company from time to time. The morning quotations opened at 925,50 and closed at 929. The after- noon quotations opened at 930.30 and after ricing to 934, dropped again to 927.80, but there was a recovery towards the end of the day, the closing rate being 943.
THREE HUNDRED SHAI MESSAGES
A DAY
The South China Gold Bar Com- pany occupy the premises in Ice House Street where Messrs. Tsang Fook & Co. formerly sold pianos, gramophones, skxophones, etc. In A smallish room, quite a large crowd was assembled, largely Chinese but including many Europeans, merely on a look-see visit. These includ ed a well-known member of the Government. On the right band side as one enters, behind the counter, a clerk, telephone to ear was receiving the quotations which were immediately posted on the blackboards at the far end of the
room.
Uther clerks are busy handing out to clients neht little slips printed, in red ink, as follows
Dear, Sir,
you
193
We have this day SOLD to ( ) Gold Bars at Shanghai Dollars per bar (S.
Settlement 193. Yours faithfully,
For
THE SOUTH CHINA GOLD BAR CO.
).
Clients of the Company, before they can operate are required to make a deposit of $50 on each bar purchased, and purchasers go by sevens, and they are allowed credit jup to this amount.
JUNK
THE CHINESE DRAMA
|Charge Against Customs Officer
EVOLUTION TRACED FROM RITUAL DANCES
DEAD CHILD'S FATHER GIVES EVIDENCE
The case in which Mr. M. C Hallums of the Chinese Maritime Customs is charged with the man- slaughter of a three-year-old 'Chi- nese girl on board, a trading juak outside Lyeemoon Pass, was resum ed at Central Magistracy, yesterday when the master of the junk, con- tinued his evidence.
Mr. J. A. Fraser, Assistant At- torney General appeared for the prosecution, and Mr. M. A. Mao- kinley represented the acoused. Mr. F. G. Nigel watched the case on behalf of the Chinese Maritime Customs.
he
Before any evidence was taken, Mr. Fraser informed his Worship that regarding the admissibility of the statement made by the accused at the Coroner's enquiry, thought it was only fair at this stage to give notice to the defence. that he intended to call other evi- dener lo show that the accused was in charge of the launch at the time and that he fired the shot.
His Worship (Mr. Wynne-Jones): Do I understand that nobody is to be called from the launch at all apart from the accused
Mr. Fraser: No. There was 'an- other officer. I will call him and another person. It was only fair that such witaesars would be called. at this stage to tell the defence
་
Junk Master's Evidence,
Continuing his evidence from the previous day, Ng Wing Lai, the master of the trading junk said that when the second shot was fired, the Trunch was about 50 fathoms Mr. Victor Gensburger, who is away from the jurk, They then member of the Shanghai Stock Ex-turned to Hong Kong harbour hango, and is in charge of the ven-
and anchored in Yaumati shelter. ture said:-
I
MR. J.. D. BUSH'S ADDRESS TO ROTARY
Taking up the invitation to Chinese members to address the Rotary Club on Chinese subjects Mr. J. D. Bush gave an excellent address at yesterday's meeting at Gloucester on Chinese Drams. The address will be of widespread interest and we are therefore giving it in full-the first half to-day, and the latter half to-morrow. As Mr. Bush remarked "It is a big subject to cover," and to reduce his admirable address still further would be to spoll it. Particularly interesting was the account of the ritual dances from which, as in Greece and medieval Europe, the drama had its origin
Bir William Hornell was in the chair, and Rotarian E, T. Barrett thanked Mr. Bush for his address, remarking that be wish. ed that after the Club's recent dinner they had adjourned to a Chinese theatre under Mr. Bush's guidance,
INFLUENCE OF RELIGIOUS RITUAL DANCES
Mr. J. D. Bush said:- In response to invitations extend. ed to Chinese members to give a talk on some Chinese subject, I) offer no apology for occupying the speaker's seat to-day. I shall tell The task is at once delightful and you something of Chinese drama
difficult. It is delightful because I have always looked upon dramatic literature of all countries as very profitable for study. One likes to talk of that which one loves. On the other hand I find it difficult to appreciation of so huge a theme as present anything like an adequate Chinese dramatie art.
-
The beginnings of Chinese drama like those of Medieval drama in England was closely connected with
The Inanch followed them till they had passed Lyeetnoon. When they arrived back at Yaumati, witness went ahore and informed the preligion.
This concluded his evidence, and Tientsit which was very popular after Ny Wing Shus, there among speculators. After all, it is man, who is the father of the dead very like roulette-up or down-in child, had given corroborative evi- stead of red or black, and the out-dener, the case was adjourned until of-a-way chance of no change, or this afternoon. zero." Ha was in favour, however, of stamp duties on transactions:
gold-bar contract.”
early jugglers, acrobats, jesters and minstrels.
Dramatic Games.
It was not until 600 A.D., how-
sort of draumatic games, resembling ever, that dating music, attion and dialogues were welded into some
the tenth centuries, who in their the minstrels in Europe during buffoonery performed dramatic skits. Drama and literature certainly did not meet lintil the Tang Dynasty (618-506) A.D. Then, during the dramatic literature became popular Sung Dynasty (960-1970 A.D.)
and vital contributions were made in the subject matter of drauma and dramatic theory,
We open at 9 am and close at 4.30 p.m. sharp. Between these
Nevertheless not until the Yuan times we receive about 100 messages of the matter.
Just as the source of Dynasty (1946-1368 A.D.) do we see from Shanghai, and we shall go
Greek drains could be traced to the boat works written for the stage, higher if business warrants.
In reply to Mr. Fraser, witness ritual dances performed in the Incidentally novels, not indigenous Our said that when the shooting occur. springtime before the shrines ofin China, are said to have been in- difference between buying and sell-red there were 10 children, 10 men Dionysus, so going back to the troduced from Central Asin, the ing is one point and that of the and four women on board the junk. legendary days in China, you will paradise of story teelers, about this Banks eight points. This is modern business. You can do it quickly the scene of the shooting from Shau- place on occasions of sacrifice or the Mongols who held the throne of On April 9 witness returned to find dancing held a conspicuous period of China history. Somehow twenty years there would be inkiwan in a police launch with Ins The South China Gold Bar Co. quiries by mails, now we get the pector Rozekwy and another Euro-its on Chinese music, the dan norols and theatrical plays to be ceremony. According to an autho] China at this time encouraged both Shanghai quotations in just about pean officer. He pointed out four cers are grave performers who by written in a style approaching, the Hong Kong,
minute from the Shanghai places where the launch and the their attitudes and evolutione con- colloquial language. Market."
junk were when the two shots were
As a conse fired.
vey to the eye foelings of venera-quence, it seems that the literati of A BANKER'S VIDW
tion and respect, which are express-China treated them not as serious Asked by His Worship how he ed by the words. It is no part of literature and regarded them with One of the leading European fixed the positions, witness replied my purpose to enlarge on the deve. the scantiest respect; so much so brukers in the Colony said: It that he was informed by Inspector lopment of Chinese music, except to that in the four great divisions of will make no difference to 15. Rozekwy. There was a similar concern
point out here the intimate relations Chinese literature, called the four between music, religion and drama treasuries, novels and drama were in ancient Chink. Undoubtedly in not accorded a place in the imperial ancient times, the priests and catalogue. priestesses, who combined the func tion of soothsayer and rain-makers,
Popular Drama and Novels. so. predominated the communal life that it was inevitable that their Notwithstanding this literary pre- witch-dancing, spell-chanting and judice, the novels and drumn had music formed vital parts of the re-ever, since continued to be enormous- ligious rituala Certain constituenta ly popular with the masses. of the Chinese drama in their most best proof of the vitality of the A prominent meniber of the Stock
Another member of the Stock Ex-elementary form may be observed drama and novels in China, as in Exchange was emphatic that the change also said:"It won't make in the dances and songs of the Wu other parts of the world, for that new enterprise would not greatly any difference to us, but here is a and Shi, the weird sisters and matter, is to observe the people go- affect the local brokers and share really fruitful source of income for weird brethren. They were the ing to theatre in the rural districts back,*
market. He was of the opinion that the Government. They ought to get priestesses and priests of the early and in the cities and to see the *Condition-Should
the new enterprise would do busi- about three lakhs a year, at least, Chow Dynasty. With their dance and Batisans and workmen clustering the Buyer ness mainly among money-changer, out of it." fail to put up margins in accordanco Chinese banks, and speculators
spell-chanting, they invoked the round, the story tellers on the roul- with the terms of business arrang. frankly out for a flutter. The
Passing to the wider view our
favours of the gods on the harvest side, listening with rapt attention to the various romantic and heroic and they apparently played a pro- ed between us when required, then kcal share market had been quiet informant expressed the opinion minent part in the sacrificial cere episodes from the historical novel, The SOUTH CHINA GOLD BAR for a long time and confined very that the money skimmed by mani monies, commemorating the ances of the Red Chamber." CO. reserve the right to close this largely to investors rather than pulations and, exchange gamblers bore of the emperors,
"The Three Kingdoms," "the Story transaction at the prevailing market speculators, and business from tllis had to be paid by someone. Ulti-
The story price.
source would continue as usual. He mately it came off the producer's On the detachable counterfoil ap-yond those mentioned would be causes of the Slump. This form
did not think that many people be profit and was one of the indirect Influence of Court and Folk Songs. peared:-
drawn into the gold bar market. of speculation performed, in his As to the question of imposing opinion, no more useful position in stamp duties similar to those im-commerce than a casino.
He was posed on share transactions, our in very sorry that it should come to formant was emphatio that this was Hong Kong, and if it caught on Feng," "Ya" and "Sung." The Drama and novels, whether in the only fair and would prove a new would, he thought, damage our source of revenus for the Govern prestige, based on steadiness and ment.
solidity. We did not wint that kind of business in the Colony.
"WHAT'S THE HARM? **
Manager.. N.B.This contract is made subject in all respects to the Rules and Regulations for the time being and from time to time in force of the Shanghai Gold Stock Exchange, Ltd., and to the conditions printed on the
Purchaga Contract Note.
Hong Kong,............10 The South Chini Gold Bar Co.
Dear Sirs,
+
I/We have this day BOUGHT from you
STOCK EXCHANGE
UNPERTURBED
> Gold Bars at Shanghai Dollars the transactions were so rapid and Our representative suggested that ... per bar on such narrow margins that satch duties would virtually put an end Settlement 103. to the new enterprise. Yours faithfully,
(S. 2.
For
"Perhaps," replied our inform ant who added not if there is
SPECULATION CONDEMNED
The
Smart Frocks
NEW
For Evening Wear.
H
This weeks new arrivals
of beautiful Linen and Printed Organdie Frocks are the smartest in
town
For Day Wear.
With the above came a smart array of Cotton Frocks from $14.50. And Voile Frocks Priced -from $18.50.
ALL SIZES.
Ladies' 'Salon
ANE, CRAWFORD,
LANE
Telephone: 28151.
Columbia Now RECORDS
ANew
LTD.
Standard of Realism
VOCAL GEMS
DX88-PATIENCE··
DX256-GEISHA
9893-MERRIE ENGLAND
· 9831-NEW MOON
9764-FOLLOW THROUGH
DX56-THREE MUSKETEERS
The Anderson Music Co., Ltd.:
Ice House Street.
Tel. 21822.
COMFORTABLE
&
ASSURED
SATISFACTORY SERVICE
BY
NEW MOTOR COACH SERVICE
THE CHINA MOTOR BUS Co.
2ND FLOOR
́A. P. C. BUILDING
NGÀN SHING KWAN
Managing Director:
TONG KONG.
of Western Pavilion," or "The the West." These novels have been Story of the Record of Travels in In trading the evolution of Chi- dramatised and served to enliven nego drama, we should also take the masses in the home and in the stage. Without them the life of the note of the 305 poems of the Chow people would have been a blank in- Dynasty. These songs may be classified
dood. into three groups,
first group
the people and the second and third literany products for the people, by Feng" were songs of West or in the East, are mainly consisted of songs of the court the people, of the people."
In a The second group "Ya" resambled word, dramas and novels are indis- much the minstrels songs of Europe pensable to a democracy, although mainly ballade narrating the ex- the luried melodramatic cinema of A query-expressed in the Gold ploits of the Kings and for the today have more or less upset quarter, was: Whit's the harm three types of songs were based on Bar Co.'s offices from an interesting amusement of the royal guests. All their equilibrium In respect to the of it?" Furthermoro:" Since they historical episodes. bars--I don't see how such trans-
N.B.This contract is made subject special scale of a fairly moderate are dealing in commodities gold were sung to the accompaniment of for a moment and note this com-
in all respects to the Rules
the back.
nature."
intimate relation between dramas These songs and novels, it is interesting to pause
and Regulations for the time THE GOVERNMENT'S DUTY? actions can be liable for taxation poetry, singing and music were in first contribution of paramount im- some musical instrument. This ment from Chinese writer: The being and from time to time. in force of the Shanghai Gold Another of our leading brokers, Special legislation could be passed and later acting as well.
as in the thae of share transactions? timately associated with each other portance is the novels, historical Stock Exchange, Ltd., and asked for his opinion, said:"Per but that is a slow process. As the
and fictitious, which supply mate- to the conditions printed onsonally, I think the Government law stands I don't quite sea how
rials for the future dramatists. Prior to the coming of literary These novels were also adapted into should take a hand here and insisty official action could be taken, dramas or plays, there must have dramatic form during this period On the back was the following: as in the case of every broker's
upon every contract being stumped, even if it were desirable,.**
boen court minstrels and itinerant either in puppet shows or in shindow Condition:----Should the Buyer tail contract. Money used for gambling
jesters, as in early European his plays. The marimettes, an art be- to put up margins in accordance on gold-bar speculation is so much
COLONIAL TREASURER'S.
tory, who amused the masses with lieved to have been first created in with the terms of business arranged withdrawn from legitimate deal
songs and with the recitations of China, about 500 B.C. became then between us when required, then The ings in stocks and shares on the
Kong blind musicians of both sexes of a story by ection; and it has vulgas dialogue. Many of you may fully grown. It embodies a very SOUTH CHINA COLD BAR exchange, and
recall seeing in the streets of Hong dramatic principle, i.e., the telling a consequent loss reserve the right to close this trans to the Revenue, since no revenue
playing in the quiet of the night exerted great influence in our then- uction at the prevailing market stamp is, at present, required, on price.
(Continued on next column),
on string instruments. They ropre-trical arte, kjer
sent to us what remain of those (Canhnund on Page
SILENCE
In reply to an inquiry by our surer, the Hon. Mr. Taylor, said representative the Colonial Trea that he was very busy and had no
statement to make.
Ask
For
“JOSSMAN”
The Original Plymouth GIN.
Bola Agenis
CALDBECK MACGREGOR & 00., LTD.
BUILDING,
Ion Housz STREET.