M.V. "NEPTUNA"
PASSENGER & FREIGHT SERVICE TO
AUSTRALIA
Next Salling about 18TH MAY
for Saigon, Manila, Sandakan, Rabaul, Salamana, Sydney & Melbourne.
First Class Fare to Sydney:
Apply to:-
Single: $47.10.0d. Return: £78.
Gibb, LIVINGSTON & CO., LTD. Agents.
P. & O. Building.
Hong Kong Weekly Press
CHINA OVERLAND TRADE REPORT
"The Weekly
with the Yellow Cover "
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.ADDRESSED AS FOLLOWS:
PURCHASE OF GOLDFIELDS
Russia Confirms
Agreement
(Special Air Mall Service)
London, April 3.
AN AWARD IGNORED When the Boylet. Government cancelled the concessions which
for the company held
valuable gold and other metal ore fields in Russia the company referred the case to arbitration in London, and in 1930 were awarded £13,000,000. The award was ignored by the Soviet Government, and they have, always refused since to recognize it, i
A telegram was received yester- day by Lena Goldfields, Limited, in London notifying the official
Negotiations begun in July of confrmation by the Soviet People's the following year broke down in Committee of the agreement of September because the Soviet re- 4 between the Soviet presentatives would only make November Government and the company. what Mr. Baldwin described, in a The agreement provides for the statement giving the history of payment of £3,000,000 for the the case and the attitude of the purchase and taking over of the British Government to the matter, whole of the company's business as a "purely derisory" offer of in Russia. There will be paid £800,000
Representations were made by 250,000 in cash, and the balance. will be spread over 20 years by the British Government to the half-yearly instalments, without Boviet Government and the mat interest, two-thirds of the amount ter was discussed unofficially by to be paid in the first 10 years the British Ambassador in Moscow and one-third in the second 10 with M. Kameneff, the then pre- sident of the Chief Concessions Committee. M. Kamenen refused to submit to his Government any Agure beyond £1,000,000.
years,
In December, 1933, the company were recommended to negotiate ou the basis of a reduction of their
All the negotiations have been carried out in consultation with committees representing the various classes of creditors, and as it was clear at an early stage that every one associated with the agure to £3,500,000-representing company would have to suffer approximately the proved capital material loss, it was considered losses of the company after taking equliable to divide any sum re-
counter-claims into account all celved as to two-thirds to the
Dut forward. on behalf of the "creditors and, one-third to the
Concessions Committee-and, an shareholders.
increase of the Soviet Government offer 01-£1,000,000. In July of the following year Mr. A. G. Marshall went to Moscow on behalf of the company, and after some months of negotiation, the anal settlement
15.
Yesterday a summons was taken out to obtain the direction and approval of the Court with regard to the scheme. The Court, if it concurs, with then order the neces- sary meetings of shareholders of I was reached,
the company
to be held. The The chairman of the company. Soviet Government have stipulated | Mr. Herbert Guedalla, and Major that the settlement should be F. W. D. Gwynne have bean prin- considered satisfactoryTM by all the elpally responsible for pressing parties concerned.
the company's claims,
HONG KONG DAILY PRESS, WEDNESDAY, APRIL 24, 1935.
THE EXCHANGE MARKET
MESSRS. ROZA BROS,
LONDON EXCHANGE RATES
(Barrish Wiazma" BenviÖN. /
Sterling Parity
-13.10 Florina
Apr 16 7.101
APP
Silver prices rose '3/18 over the Athen......... 375 Drachmie
0 Amsterdam
holidays, the quotations being 30 Belgrade 15/16 for Ready and 31 1/18 for Berlin Forward. Silver advices attribut- | Bombay
ed the rise to speculative buying. | BrumaİN.
70,318 Dinara
------- 90.43 Marks
The market closed firm with busi- | Bucharest ............................................... 613,568 Lai ness done at 3/18 over the quoted Buenos Alpen rates. In America the rate was Copenhagen quoted at 671 for Spot,
The New York/London cross-} Hälsingfors ........ rate opened at 4.85 and closed at the same rate.
Market.
Geneva
Hongkong Lisbon Madrid Milan
18.159 Kroné:
la od. per Eupee
·12.05) 1/6
13.05
36. Belgza
23.06
28.58
482
47.58d. per Pesa
25.99 Francs 15,00
15
193.23 Marks
2/21
2/2
110 Esendon
92.48 Lira 30.88d. per Peso 4.867 Dollars ................. 1.867 Dollars 18.150 Kroner 194.91 France 164.25 Kronen: Rio de Janeiro .............. 26.28d. per Gold Milreis
58 7/16
4.882 4.851 404 3.0: 73 19/32 1161
351 58 7/16
4.861
4.83
73 37/64 118
1/7 11/18
"
1/21 3015/16 1/18
1/2
301
301
4% 34% 106 11/16
34% 107
Opened steady but subsequently | Montevideo ..... Armed up
Montreal New York Osla.... Paris...... Pragas
Sterling
There were sellers after the opening at 2/2 3/16, buyers bid- ding 2/2 leading to business sub- sequently at 3/2 5/18 for June and near followed by transactions at 2/2 for April, May, June and 2/2 7/16 for June and. July. The market closed at 1 pm. with sell- ers at 3/2 5/16 cash, 2/21 May! June and 2/27/18 July. buyers at 2/2 7/16 April/Jube and 2/21 July.
U. S. Dollars
Business was done at 53 5/18 for May and 53 7/16 for June. The market closed at 1 pm, with sellers at 531 April/May and 531 June, buyers probably at 53 5/18 cash/May and probably 53 7/16 for June.
Shanghai Dollars. Sellers were quoted at 1331 for near delivery.
Shanghal Market." Early advices indicated
sellers
at 1/7 for near and 1/7 9/16 for June. Subsequently the mar- ket rose to 1/72 for near and 1/7 11/16 June. Towards 1 p.m. the market was a shade easter with sellers only at 1/7 11/16 for near and 1/7 "June. U. S., Dollars opened with sellers at 394 for near, rising subsequently to 40 for June and receded later to" 39 13/18 for rear and 39 11/18 May. Steady but quiet.
IN THE AFTERNOON The market was firmer in the afternoon."
Sterling
In Sterling business was
done
at 2/2 7/16 for June and May and fater 2/2 was was also arranged for June and second half May. The market.closed with sellers at 2/2 7/16 April/May and 2/21 June, buyers at 1/10 higher re- spectively.
. S. Dollars
Business was reported at 53 7/16 for July delivery. The market closed with sellers at 531 April/ May and 53 June, buyers prob- ably at 1/18 higher respectively.
Shanghal Dollars
Sellers were quoted at 133 for near delivery.
Shangbai Stockholm ....... 18.150 Kronor. Vienas 34.50 Schillings Yokobama.......... 14.50€, por Yen Silver (spot) Silver (forward)
War Loan
UN "LONDON :-
Closing Quotations
April 23 1933 1 Or New YoRE!——
401
Bank Bills, on demand og Credits, 60 days' night. 594 ON BATAVIA --
Bank Bills, on demand 787) -
Telegraphic Transfer... Bank Bilin, on demand Bank Bill, 4 months'
214.
On demand
sight
2/11
ON PARIS-
Credits, four months
Asight
9/21
Credits, 4 months' might (271
ON SHANGHAI :---
UN SAIGON:-
On Demand .....
131
On demand.
78)
ON SINGAPORE:-
ON MANILA 1 www.
On demand
On demand
104
От Вянокок
182
On demand
OT: JAPAN :-
On demand.
On India:-
Telegraphic Transfer... 1149 Bank, on demand
H.K. SHAREBROKERS' ASSOCIATION.
BUYERS
Douglases, *$38.
• Waterboats. $11. Hotels, $4.40, Humphreys, $9.10.) Ewos $8.18.
Peak Trams (old), $84. Providerts (old), si.. Lights, $9.45.
Electrics, $84.
Cements, $1.80.
Cements (Converted), $7.20... Entertainments, 35. Constructions, (old), $1.40. Constructions (new), 40. cts. Gold $ Bonds. 92%.. Govt. Loap 31%, 2%.
SALES
Cements, $1.70/1.90.
"Sovirziens, Bank Buying
Rate
BAR SILVER, por ou
2/21
30 5/10
THE RUBBER MARKET
Singapore Prices"
H., B. JOSEPH & CO.
Messrs. H. B: Joseph and Co., re- ceived the following Straits Om- rency quotations from Singapore for Raw Rubber.
Spot
July/Sept. Oct./Dec.
Market.Steady.
191 up t 204 up i 211 up t
Selling price 1/4 cent higher on
all positions.
BENJAMIN AND POTTS Messrs. Benjamin and Fetts have received the following Straits cur- rency quotations (buyers) from Singapore yesterday for IBW
Spot
19 up ct. May/Jure
19 up ct. July/Sept.
201 up ct. 211 up 1 ct.
Oct./Dec.
Market. Quiet.
SHANGHAI MARKET COMMENT
for 23 cash, changed hands on the same day. A considerable part of the business again consisted of transactions in debentures on the next business day." the general market turnover being very small, The total turnover amounting to 1,035 shares and 120 bands.
LINERS
are
∙13
PRESIDENT LUXURY LINERS
Fast and Smooth Riding
Of all the many things that distinguish President Liner from the rest, none is more important than the steady smoothness of these speedy ships... Large and broad of beam, they have many times been called the finest riding ships on any seal Plom now to make your next trip "the President Liner way."
To SAN FRANCISCO 18 Days To VICTORIA, SBATTLE 17 Days
via Shanghai. Kobe. Yokohama
via Shanghai, Fabë, Yokohama, Honolulu
Fortnightly sailings
Fres. Cleveland.May 7; M'night Pree. Hoover ...May 18, Noco Pros, Taft Jane 4, M'oight Pres. Coolidg... June 18, Noon Fres, Pierce July 9, M'hight
EUROPE, NEW YORK
Inquire for round-trip tickets to Europe In concoction with Lloyd Triestina. Via Manila, Singapore, Penang, Colombo Bombay, Suez Canal Alexandria, Naples, Genos, Marusillen.
Pres. Harrison.. Apr. 97, 8 a.m. Pres. Hayes May 11,8&m.. Pres. Johnson ...May 95, 9 a... Pres. Monroe. Jate 8,8m. Pres. Van Buren.June 21,8 mm,
Fortnightly sailing
Pres. Jackson. Apr. 27, 1 mm.“ Prea, MoKinley May 11, 1 a.m. Pres. Grant... May 15, 1a.m. Pres. Jefferson June 7, M night Pres. Jackson.June 91, M'night
MANILA
THE MOST FREQUENT,
SERVICE.
Next Sailings. Pres. Harrison Apr. 27, 8 a.m. Pres. Cleveland. Apr. 30, 8 p.m. Pres. McKinlay..May 4,6 p.m. Frex Hcover.......... May 9, 9 p.m. Pres. Hay s ...May 11, 8 a.m.
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
READER BUILDING-HONG KONG. CANTON BRAMOR :—4, (HAKRE MOAD,
CONSIGNEE NOTICES.
SERVICES CONTRACTUELS DES MESSAGEBIES MARITIMES.
CONSIGNEE NOTICE
8.8. "PORTHOS“.
BRINGING CARGO FROM MARSEILLES, Ero.
CONSIGNEE NOTICES,
CONSIGNEES' NOTICE.
· THE BEN, LINE STEAMERS, LIMITED.
From LEITH, MIDDLESBRO, ANTWERP, LONDON, AND STRAITS.
"BENLOMOND."W": YONSIGNEES of Cargo are hereby
MONSIGNFES are hereby informed The Steamship
that their goods with it o erceptica of Opium, Treasure and Valuables are Laing larded and stored into the Go downs of Hong Kong, Kowloon Wharf a Godowns Co., Ltd. Kowloor, whence delivery may be obtained immediately after landing.
All claims must be sent in to umE SA or before the 20th instant or they will not be recognized.
Tamaged Packages will be examined by the Company's Surreyer, Mess
Goddard
1935.
formed that all Goods are being landed at their risk into the hasardous and/or extra hazardous Godowns of the
Home Kone and Kowloon Wrane · AND GODOWN COMPANY, LED, whence ndjer from the whares Delivery may he obtained.
No Claims will be admitted after the
Goods have left the Godowns, and all Goods remaining uzdelivered after the 93th April, 1935, will be subject to renti the 10.00 am, on Friday,
All Claims against the Steamer mÍLS 26th
be presented to the Undersigned on<cf- Consignees must have a Revenue before the 9th May, 1985, or they will Officer in attendance when any damage be ed dutiable goods are examined by the Company's Burrey ora-
Toecognised
comply
with the General Bonded Warehouse Regulations, consignees No Fire insurance will be effected by must bares Revonte Officer in atten-
us in any case whatever.
B. OBL Agent
.
H. K. STOCK EXCHANGE
the issues that was fairly active Hong Kong 20th April, 1958. With the exception of deben- tures, there was little of interest
during the period was 98 Millions on the local Stock Exchange last
which after wide fluctuations, done Tuesday: business was
in Shanghai Water Works 6% 1932
came into prominence. After debentures at Tis. 100 for eash,
notable advance it" lost its galna, while Telephones and Powers
however, and receded for several changed hands also for cash. One
days in succession Only 96 Mil- parcel of Ewo Mills were done at A general undertone of firmness lions, 8% Consolidated and Dis- $8.40 for cash uhomcially. After could be noted on the Chinese bandment showed losses. On Mon several days of dull trading off-Government Bond Market during day the 15th, prices were easy an cial business was done on Satur- the week under review. Business transactions dropped to about 8 day is Powers, Telephones and
milions. was very quiet and with the ex-
Fluctuations continued Trams but the turnover was not ception of three issues the whole to be of mirimüm proportions no
Het registered net, gains. One of issue moving beyond 20 large. 300 Union Mobiliere XD
-
A.0.F.C. Average of Shanghai Stocks
RANGE OF ANKLAGE
(334
TWENTY REPAKJENTATIVE STOCKS
Minta: Canoutation
WEEKLY REPORT
fa4b3
The market, after the Easter holidays, opened pretty steady with a fair amount of business done. There are enquiries for China Lights and Hotels as $91 and $4 respectively, but shares are un- obtainable. A large number of Cantons was done at the reduced, rate of $215 and Cements at $7.40. Banks, owing to the rise in Ex- change are being offered at $1160. without attracting buyers....
Manila stocks have had a fur- ther drop.
3.
Male Buyers Hotels, 4.40.
Hongkong Lands, $39. Humphreys, $91. China Lights, 39,45. Govt. 4% Loan, 64% Frem
Setleri Hongkong Banks, $1160. New Engineerings, Sh. $5. Sandakan Lights, $7,-
Bank of East Ams," $81," Canton Insurances. $215. Baguio Gold, 25 cts. HK Land 4% Deber Hongkong Tramis, $14. China Tighta, 301 Electrics #5#
Cements (Converted), $7.40.
Dairy Farms, $172. Watsons $34
Govt 4% Loan, 6% Prem Govt 3% Loan; 21% Prem
lance when damaged dutiable goods are examined.
All broken, chafed and damaged Gooda are to be left in the Godown, where they will be examined on the 24th April, 1930, at 10, by Moana. Goddard & Douglas.
No Insurance has been anfootað Bill of Lading will be counterugzeð by GIBB, LIVINGSTON & Uc, Læo.,
Agenta
Hose Reng, 18th April, 1935,
AND PLA
13443
- NOTICE TO CONSIGNEES,
DOBAN-ETEAMBHIP CO., LTD.
DRINĂ MUTUAL STEAM LA NAVIGATION CO, LTD.
CONSIGWEES par. Coʻn. Vousal
MENSLAUB SPRAW FROM UNITED KINGDOM
TỈA BINGAPOR
are hereby notified that their will be discharged into Holt's Wh Kowloon, where it will lie at Cönalg. Dees' risk and subject to terms and conditions of storage at Holt's Wharles The Cargo will be ready for delivery from Godown on and after 22nd April
Optional cargo will not be here, unless notice has been gives prior to steamer's arrival hat carried un from port to port to the final port. of call to which the option extends.
All Broken, chafed, and damaged goods are to be left in the Godowns, where they will be examined on a Tuesdays
and Fridays between the
hours of 10.45d Noor withia the free storage permitted to 1 No claims will be admitted after. the Goods have left the camera after the Bith and all Goods
100.31 God
• sübket to
MAIL CINES against the Steamer just be presented to: the undersigned on or before the 1841 May, 1936, or they will not be recognised.
No Fire Insurance will be cheated:
BUTTERFIKUD I SWIRE.
22nd April, 1835,
18465