LLOYD TRIESTINO
PLOTTE CHNITT LUCIO TRIESTING HARENS A ITALIANA-HITHAS
EXPRESS PASSENGER SERVICE
· FAR-EAST-INDIA-ITALY
through Tickets to LONDON (Sea & Rail 22 Dayı) Heavy Luggage to London by Special Train FREE OF FREIGHT Interchangeable Return Tickets with the Dollar Lines on very
• favourable conditions.
ROUND THE WORLD TICKETS ISSUED in Connection with All the Trans-Pacific and
Trans Atlantic Conference Lines at
Special Reduced Rates...
Agents for the "ITALIA" and "COSULICH" LINES isaning through tickets to North, Central
and South America, via Italy.
LLOYD TRIESTINO
For full particulars apply to-
Tel. Add: "LLOYDIANO
Agents in Carton:-
Queen's Building, Ground Floor.
P. O. Dox 143.
Telephone 32081.
DODWELL & CO., LTD., SHAMEEN,
M.V. "NEPTUNA"
PASSENGER & FREIGHT SERVICE TO
AUSTRALIA
Next Sailing about 18TH MAY
for Saigon, Manila, Sandakan, Rabaul, Salamaua, Sydney & Melbourne.
First Class Fare to Sydney:
Single: 247.10.0d.
Apply to:-
GIBB, LIVINGSTON
Agents.
Return: £78.
CO., LTD.
P. & O. Building.
NEW POLICY
OUTLINED
Plans For Kweichow
IMPORT TAX
Complicated Issues
HONG KONG DAILY PRESS, MONDAY, MAY 13, 1935.
Nanking, May 6, The Government is confronted with a complicated issue regard- ing the increase of import duty on foreign cotton.-with Chinese cotton-growers in the interior and Chinese cotton-mill cwners as the contesting parties.
The Honan and Shensi Cotton
Kweipang, May 5. Before a large gathering com- posed of military officers, members of th twelchow Provincial Party Headquarters, and the Provincial Government and representatives of civic organizations, principals Improvement Association has sent of local schools etc., yesterday,
a telegram to the Ministries of General Wu' Chung-Hsin, "Chair-
Industry and Finance saying that man of the Kwelchow Provincial
the Chinese mili owners by pur- Government, outlined the ad- chasing large quantities of for- ministrative policy for the pro-eign cotton, have seriously affect- vince, deneral Wu said that the
ed the market of the native pro- will administration
divided ducts. in these two provinces. At into three stages, namely, bandit-present more than 20,000 tons of suppression, rehabilitation and Chinese cotton remain unsold along the stations of the Lunghai railway line, the .note stated. The Association asks the Govern- ment to increase the import duty on cotton and to urge the mill. owners to use home-grown pro- ducts.
be
reconstruction.
Politically, he said, attention will Arst be directed to the suppression of bandits and paci- fication. If steps are not taken in that direction now the destruc- tion will be zu great that it will later be beyond remedy. Only
general reorganization
of
THE FINAL DECISION
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
LONDON EXCHANGE RATES
Saturday, May 11. Slver prices rose yesterday to the extent of 1/2 for both deliver les, the quotations being 33 for Ready and 33 3/16 for, Forward. Copenhagen The rise was chiefly attributed to
Geneva
(Amprism WiammM ŠKRYTOW / Sterling Parity
May, R.
May.
Amsterdam Athena
19.10 Florins 7.18
7.17
se
375 Drachenaê
Belgrade........
976,316 Dinars
Barlin Bombay Brundis Bucharist Buenos Aire
90.49 Marks
12.04
12.07
1. d. per Rupee
as Belgus 28.60 813,068 Lei
28.67
47,38d. par Pesc
18.189 Krone“
25.29) Francs
14.961
193.23 Marks
2/44
110 Eueridos
· 15, 29] "Posetas
...................... 92.48 Lira
35 13/32
351
58 23/32.
581
401 9.0.
4.851 4.84
4.95
18.150 Kroner 194.91 Franc 164.25 Kronen." 26.93d. per Gold Milesia
73 27/04.
73 39/84
115+
-1/8-
1/1
India having bought. The market | Helsingfors closed firm with business done at Enngkong 1/8 Over the quoted rates. In Lisbon 'Amèrica the rate was higher at 72 | Madrid 3/8 for Spot.
游...............
The New York/London cross-Montevideo rate opened at 485 3/4 and closed Montreal at 4.85 1/2.
Market,
Opened uncertain but later Arm- ed up due to speculative selling.
Sterling There were buyers afer the open- ing at 2/4 7/8, sellers probably at 2/4 3/4. Bubsequently a small business was reported at 2/4 13/13 for June followed by transactions at 2/4 7/8 July, 2/4 15/18 July, June, 2/4 7/8 for near and 2/5 for July, June and May. The market closed with sellers at 3/4 15/18 May. 2/5 June/July, buyers, pró- bably at 2/5 for cash, 2/5 1/18 June and probably July.
U.S. Dollars Business was done early in the morning at 58 1/4 for June and later 68 1/2 was done for July. The market closed with sellers at 58 9/18 May/June, buyers at 58 5/8 for cash and 58 11/16 June.
Shanghai Dollars. Sellers were quoted at 142 1/2 for near delivery.
Shanghal Market. Erratic. Opened steady with sel- lers at 1/8 174 receding sub- sequently to 1/8 3/16 for near. To- wards closing time sellers were again reported at 1/8 3/18 for cash. U.S.Dollars opened with sel- fers at 41 and then the rate re- ceded to 40 7/8. for near. Towards closing time sellers were reported
at 40 15/18 for cash. 8téndy..
H. K. STOCK EXCHANGE
SATURDAY'S OFFICIAL
QUOTATIONS
4
1
During the short session buyers of investment stocks were again in evidence at quotations.
BUYERS
Hong Kong Banks $1010 Antainoks 68 cts. Hotels $4.05
Hong Kong Lands $35 China Lights $8.35 .. Electrics $80,
Telephone (Old) $19.15 Govt, 34% Loan 2% Prem.
RELLERS
Dock $91
Providents (Old) 95 ¢ts. Ching Lights $84 Sandakan Lights $8 "Cements (Converted) $61
Vibro Piling 35 Wallace Harpers $5
SALES
Union Insurances $360/365 Hong Kong Lands $35 Electrics 360/801 Telephones (Old) $19.13 Dairy Farms $14
IMPORT PRICES
The reports prices published below are supplied by Importers:
Cotton Piece-Goods and Fancy Cotton Goods The following reports have been received:—
י
when this issue is solved can" a The Government has also The market still remains quiet the received petition from the with buyers still refraining from political structure of the province Chinese cotton-mill owners ask-making purchases. Owing to the be begun. Next, officials will being that the import duty on large influx of visitors for the appointed only on their merits foreign cotton be "lowered In Jubilee celebrations, and Special Administrative Com- order that the cost of production trade has been brisk missioners will be appointed in of Chinese. order to enhance administrative efficiency.
Illegal Taxe Financially, the
the
retail.
cotton piece-goods *·. The latest Cotton prices to may be reduced thus enabling hand are those of the 9th inst. them
to compete with foreign American Middling."Spot" 6.82d. manufacturers. The two Ministries Am, Middling May Delivery 6.50d. budgetary have handed the matter over to Am Middling Dec. Delivery 8.22d. system will be enforced immedi- the Cotton Control Commission Egypt. Sakel. FGF. "Spott 8.38d. ately with a view to achieve a for drawing up a final decision-
balance in mncome and expendi-
ture, and putting the finances on
2
#
W131
Woollens
New York
Dulo
Faris .... Prague
Rio de Janeiro
50.88d. per Peso 4.867 Dollars 4.867 Dollars:
Shanghai Stockholm ....... ...... 18.1 Kronor 34.58) Schillings Vienna............
24.59d. per Yan Yokohama ....... Silver (spot) Silver (forward) War Loan
-2/4 7/16
401 8.0. 4.851
32 13/16
33
21%
32) 32.11/16 34% 100
Closing Quotations
May 11-1935.
Os LONDON :~
Telegraphic Transfer... Bank Bills, on demand
· Bank Bills, 4 months'
sight
ON SHANGHAI
On Singapore:--
Ox' NAW YORK 1 ——
Bant Bills, on demand 57% Credita, 60 days' sight. 60) ON BATAVIA:—
Da: demand
B
2/1
O PARIS-
Credits, four months'
Light
9/3
Bank Bills, on demand az i Credits, 4 monthɛ', sight 9224
Og Barger ?....
On Demand
140
On demand....
87
ON MANELA 1-----
On demand.....
On demand -
1182.
ON JAPAN:-
On Baxoxo #---
On demand
2013
On. demand
7 81
Sovians, Dank Buying
Telegraphic Transfer... Bank, on demand 'mi
Rate .....
2/2
1877
OF INDIA -
BERLIN BOURSE /
(Special to the "Hong Kong Daily Press" (Copyright).]
}
BAR SILVER, per 08. ........ 33
THE SHARE
MARKET
Harriman's Weekly Report
Berlin, May 11. Contrary to the normal state of affairs at close of the week. buying was lively on Saturday so that prices again advanced, the chief cause of the stimulation of the sharemarket being the con-
Messrs. G. A. Harriman & Co. a tinued liquidity of the money weekly, share report and market; market and the pübilcation of review izrued at noon on Saturday more balance sheets showing a good year's trading in 1934. Fix-The market continued on the
states:--
ed interest securitës were also friendlier but the tuznover was small.
Call Money was 23 to 31. The share business was very quiet throughout the week, the brisker state of the market to- wards the close being only rela-
easy side during the week under
are
13
PRESIDENT L LUXURY LINERS
with Every Staterooms, Outside, Large and Airy One thing about haveling on President Liners, entirely aside from their speed and the stopover advantages of their fre- quent sailings, is the luxury of spacious stutercoms, All pre outside, with deep-springed beds and every modern conven- ledice...adding the comfort of a fine hotel, with excellent food and charming publio rooms, to a trip with good companions.
To SAN FRANCISCO 18 Days To VICTORIA, SEATTLE 17 Days vla Shanghai, Kobe, via Shanghai, Kobe. Yokohama, Honolulu
Fortnightly sailings.
Prez. Hoover May 18, Noon Fret, Taft... June 4, Knight Fr. Coolidgeune 15, 11 m. Fres. Pierce July 9, M'night Prem Hcover. July 13, 10 am.
EUROPE, NEW YORK
Enquire for roundtria šiokete so-Kurova iconmotion with Loyd Triestino. Via Manila, Singapore, Penang, Colombo Bombay, Buss Cann Alexandria, Wazles, GenoON,
Marsallies.
Pres. Johnson... May 95, 9am. Pres. Monroe Jme 8,8. Pza. Van Buren.Juze 2, 8 am. Fres. Garfield Joly *, Fame Fred. Polk...... July 20, 8 a m.
Yokohama
(Fortnightly sailing
Pres. Grant... May 16, I a Pres. Jefferson.June 7, M night Pres. Jackson June 90, M'aight Pres. McKinley July 5, M'night. Pres. Grat.. July 18, M'night,
MANILA
THE MOST FREQUENT SERVICE
Next Sailings Pres. Grant.. Kay 12, 6 pm. Pres, Johnson... May 25, 8 a m. Fren. Taft. May 18, 6 pr. Pres. Jefferson Juro 1, * p.. Prea. Coolidge.. June 6, 9 p.m.”
BOLLAR STEANSHIP LINES AMERICAN MAIL LINE
FİNDİR KİILDING-YONG KONG. CANTON SKANⱭH :--4, SHAKEN MOAN,
CONSIGNEE NOTICES.
NOTICE TO CONSIGNEES.
DORAS STEAMSHIP 00., LTD
CHINA MUTUAL STRAM
NAVIGATION CO., LTD. ***
LED
YONBIGNEES per Can Vessel
CONDIGN AJAX"
FROM UNITED KINGDOM VIA SINGAPORE are hereby notified that their carge will be discharged into Holt's What Kowloon, where it will lie at Consig. „nees' risk and subject to terms and conditions of storage at Holt's Wharf. scale. Investment counters again The Cargo will be ready for delivery
review with rates somewhat easier and business was on a restricted
showed easiness with Hong Kong Lands marked down to a new low record of $35. Hong Kong Electrics
tive, the quantities of stock again came to business at $80 changing hands remaining small closing in demand at $803. Tele- In the first half of the week, phones (old) were dealt in at $191 closing with sellers at $19.40. prices slowly declined because of lack of buyers
In the second Wharves half of the week the publication of a series of favourable balance sheets stimulated interest and buying was resumed towards the close, the price level at the begin- ning of the week Wis
again reached and in some cases slight- ly exceeded. Fixed interest se- curities were in little demand, but prices keep up as buyers were not offering stock Fransocean Rug Min.
CREDIT TO GERMANY
Berlin, May 11. The credit granted to the Reich on October, 1930 by an internation- al banking group headed by Lee, Higginson and Co. amounting ori- ginally to 125 million dollars, of: which a large part meanwhile has been repaid, was due for redemp tion on May 9, 1935 but was pro- longed for one year on the usual zate conditions except that the of interest be reduced from 4 to 34 per cent. Transocean Kuo Min;
GERMAN FINNISH TRADE
from Godown on and after 10th May,
Optional cargo will not be landed here, unless notice has been given prior to steamer's arrival but carried on from port to port to the final port of call to which the option extends."
All broken, chafed, and damaged goods ather will be examined on any to be left in the Godowns,
where they Tresdays and Fridays between the hours of 10.45 AM. And Noon within period. the free storage to admitted after
No claims will
have left the steamer's the Goods Godew
dewn, and all Goods ramsinin undelivered after the 18th May, will
to rent
CONSIGNEE NOTICES.
HAMBURG" ALErika Linie,
NOTICE TO CONSIGNEES.
THE
HE AS
"OLDENBURG”'
having - arrived, from Haubarg and Ports of sall, Consignees of Cargo are barsky, notified that their Goods nie Delag landed and pliced it their risivinto the Hong Kong à - Kowloon Wharf & Godown Company's godowne na Kowloon, where delivery may be obtained ss the Goodsail not be landed
Optional Dargo
HOGE
here unless Notice has been given 40 hours prior to Yemel's arrival, but carried on from port to port to the final port of call to which the option extenda
No Claims will be admitted after the Goods kave left the Godowns, and all Goods remaining undelivered after the 19th May, 185, will be abject to Bent
are to be left in the Godowns, where All broken, chafed and damaged Goods. they will be examined on 18th May, 1935, at 10 am., by 'cur Surveyor, Mr. Goddard & Douglas,
To comply with the General Bonded. bare Bevenue Offer in a tendance Warehouse Regalations consignees must when damaged duliable gooda ara
be sub against the Steamer must examined.
AN CL
(er rights) changed hands at $84 and Dairy Farms at $14 Hong Kong Trams improved to $13.35 in the middle of the week but eased off to $13.10 at the close. Minor issues were somewhat easier. China Lights, changed hands at $8.55/40 and Hotels at $4/4.10. Providents (old) were on offer at 95cts, and Cements at $1.55, Owing to the sight drop. in exchange, Hong Kong Banks strengthened a. little with transactions recorded st $870/1000 ana Unions at $355/70 10th May, 1935. The tone of the market at the close remains easy)
Business "during the week has been done at the following prices:
HK. Banks, $970-1000. Unions, #355/370. HK. Steamboats, 44. Wharves (R), $84. Hotels. $4/430. HK. Landa, 35/36. HK. Trams, $13.36. HE Electrics, $80.• Telephones (Old), $194. Dairy Farma, $14.
· Faumati Ferries, $18.
THE RUBBER MARKET.
Singapore Prices
Berlin, May 11 There is nothing to report and Negotiations will begin in Hel- there is still no indication of singfors shortly to arrange a Ger- when
burlig for ⠀ July/August" | man-Finnish agreement regulat-
B. B. JOSEPH & CO shipment will commence.
ing the settlement of the commer- Messrs. H. B. Joseph and Co, ze- elal accounts: between the two celved the "following Straite Cur countries. Beveral other import rency quotations from Singhpere ant trade" matters will be dealtfor Raw. Rubber." with at the same time. The cur rent agreements will expire on May 31- Transocean Kuo Min.
Buyers
Bellers
Spat
Jan/Mar. July/Bept." Oct./Dec. Market Quiet
10. Un 221 Un. 201 Un. 211 Un.
221 201 211
sound basis. The people of step to be taken by the new ad- Kwelchow have suffered for many ministration will be the compie years under the illegal taxes on of the Kwelchow-Eunen and levied by warlords and corrupt Kweichow-Szechuan inter-provin- politicians. This is
SALE OF WORK problem clal highways within the shortest which the new administration will period possible. Attention.
solve and then be turned to the promotión A sale of work at the Head- direct its efforts to adjust
of productive enterprises, develop-quarters of the St. John Ambu- The second step in the development of mining and construction Iance Association and Brigade will ment of the province Ja to of the Tamchow-Chengtu Railway be held next Friday at 4 pm, the encourage education and to esta--which starts from Yamchow, proceeds of which will be devoted blish self-government units in south-western Kwangtung, passes to the St. John Hospitals mater- the "various districts: Special through Kwelchow, and ends at nity centres and dispensaries in the emphasis ang care must be taken Chengtu, Bzechuan-and the Yun- New Territories: in the education and civilization |nan-Hunan Railway-which starts The Nursing Divisions have don- The list of phips Expected to be of the backward talbes
and from Kuming, traverses Kweichowated a "doll stall," "cushion stal" in wireless communication by the Tal Yang, Dageld, Yasukuni Maru, and terminates, at Changsha,so "beach" stall,” baby clothing etc. | Government. Radio: Office with Bui An, Yochow, Faishan. Forairie, aborigines.
PRODUCTIVE ENTERPRISE se to facilitate communications All these articles are handmade by Hong Kong yesterday: Empress of Japan, Ranchi, Tažo In the field of reconstruction. in Kwelchow; and "south-western, the nurses, and are being sold as Mabel Moller, - Apoey, Mitwo, Maru, D'Artagnan, General Sher- General Wu continued, the first China-
very reasonable prices.
Bennevis Helikon, Tifkembang, man, Shantung,
SHIPS IN WIRELESS -
COMMUNICATION
be presented to the undersigned on or before the 30th May, 1936, or they will not be recognised.
No Fire Insurance will be effected. BUTTERFIELD & SWIRE
Agenta
AGENCIES.
[9819
The Landon "Office of the BONG KONG DAILY FRE88, 3 FARKT BLCKET, E.G.§, is constante" ly moniving Raquirien from Home Manufacturers ingarding Suibabe "Firms to set as Agents for their Preducta in Fong Kong and South China.
be recognized.
All Cisima must reach us before the.. 18th June, 1985, or they will not
No Insurance will be effected. Bill of Lading will be countersigned by
JEBBEN A CO., Agents. Hong Kong, 12th May, 1938 "--
SILVER LINE,
NOTICE TO CONSIGNEES
FROM
1358%
NEW YORK AND LOS ANGELES;
THE
Motor Vessel **BILVELUXPRESS ”. having arrived from the above Forte on 11th May, Consiguens of Cargo are hereby informed that their foods are being landed as their risk into the Go downs of the Hong Kong and Kowloon Wharf and Godown Company, LimMedi Kowloon, and stored at Consignese rikk and rapenare
'If local Companies desirous of taking op further Agencies will let us know the Lanes in which they are All broke, che fad, and damaged froede interacted the information will be are to be left in the Godowns, where Lewarded to London, and passed they will be examined on Haburder, on to interested parties na ope 18th May, 1975, at 10 am.
portanty offers,
This Berrios in affered to our Ha without chargy and,
Co obligation is incurved an atti
All Claims mit be presented within
To Days of "Aba": vesséƐn, arrival-here kitar which date" they cannot be re-
No Claims will be admitted after the Goods have left the Godowns, and all
The Eequired Information should be Goods remaining undelivered after the
eat to the
HONG "TONG DAILY PRESS, LTD, 11, Tos Haus STREET,
Eour Tour.
20th: May, 1835, will be mbjest
No Fire Insuranos has been effected,, Bills of Lading will be countersigned
PURE (FAR EAST) LTD.,
Building?
Connaught Mond:
Hong Kong, 11th May, 1985, (8619