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Exchange

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THURSDAY.

Buyer Sellers

Saira

FEB. 20.

Buyers

Bellare

div. £108

Et

299,

£

$73

D.

***

$1,090

!!

$1,580

Banks

H.K. Banks

Do. (London)... Chartered Banks...

Mercantile Bks. "A"

Do.

Bank of East Asia... 73

N. C. & S. Barks

Am. O. Fia, Corp: 9.

Ch. Fin. Corp. Ord. S.

Do. Pref. 3. Insurances

Canton lustrandos.......

Underwriters

The

Union InsurNOGE ***

Übina Fires ..........................

International Aasco, S.

Douglases Or

HAIM

£1.2 £15

£13

HONG KONG DAILY PRESS, FRIDAY, FEBRUARY 21, 1936.

MAIL NEWS FROM HOME ENORMOUS PILES

Chatter From All Quarters

London, Jan: 30.

No German comment 15 yet available on yesterday's satement

by the spokesman of the Japanese Foreign Office taking exception to Herr Hitler's recent reference to

...

Three Ton Steam - Hammers To Drive Them In

'Day by day the work of driving in the enormous ples which are 10

torm the basis for the foundations of a large part of the now Bank a China building in Shangul now in the course of construction at the corner of Jinkee Road and The Bund is progressing,

and within a short time work on the actual building may be expected to be commenced.

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to be given a place in the Scottish Rugby stae, it will be singularly mortifying for them that having been chosen for the match against Wales on Saturday he is now un- able to play. H. M. Murray, who 228 Europe's role being the domination takes Lind's place, is a player of of the less civilised races." Ja fewer resources, but he has twe "pan" has chosen to let the cap fit, prime virtues in his speed and being ever ready to see slights to his exceptionally straight running. her own prestige. It seems almost

THE FARMER'S VOTE incredible that the Leader should A silp by Mr. Randolph Churchill have had Japan in mind. In at a meeting of Ross-shire farmers Germany a very friendly senti-

yesterday gave a good deal of The piles, which are to number ment exists towards Japan. The amusement. Mr. Churchill refer- 2,000 when the work is comple ed, Japanese are admired for their red brightly to two helfers as "Hare being sunk on the site of the progressiveness in commerce, for ❘ tle brothers,” and in the general tower and of the silver vaults their imperialism, and for their merriment, which followed it was where the load is expected to be perference for Realpolitik, And gently pointed out to him that particularly heavy, and are peces- Germany is as sensitive as Japan even in political addresses heifers sary in such a building owing to

must be described as little sisters the fact that the on points of national prestigo.

if such familiarity is deemed ne- cessary. The incident will give great pleasure to the victim's fa- ther, who has a number of little silps of his own to recall.

+44

3273

31

$1,10

8555

$475 €285

1970

ww

3001

$480

$260

MK Fires --

Ghipping

$36

#54

SteaBiboats

$36 $51

130

Indos (prof.)

$30

$20

Do. (det.)

320

91/3..

Sheila

90%-

Water how t

14

3148

Mbing

Amtamoks............$180

Balatcos

10 ct 1 cts.

Benguet Consolidated

819

Goldfeld

$1.80 $19

$18.30

$1.86

BAT

20 ct. Baguio Gold

Do. Exploration 12 cm.)

Big Welge

Hold River........... 6 eta

33

Balius ana

Langkats (single)S. Explorations....... Shanghai Loans S.

13,0

13 cta

Do.

12 at

14cts.

7 ctx

30 cts

tfold Creek...

United Paracales... 38jeta.

15 ta.

Salacot Mining...... 12)eth)

90 cts,

po Mining...

38 et

Logons. ***nen ****

$11

$10

13

24

$31.

$11.40 Raubs........

$11.30

Venezuela Gold Fida... 53

Docks, WhaE706"

H.K. & K. Wharves,

$100

1971 512

Godowns, ska.`

50 cts.

Do. (old) Do. (Dew) Providents (oki) ....

Do.. (now) ***

1.K. & W. Docks

S. China Motors' A

Shangai Docke S.

**

$100

e d

C

197 312

35 sta

$73 34

$70

34

New Engineerings.

$190

Hongkowk ......

Landa, Hotels, nad

Buildings

H.&. Hotels

$4.95

$35

$36

3100

$18

Shanghai Lauda...8.

par

$10

Metropolitan Lands..

$2.86

t.. dealbies........................

35,60

China Do Huner Di

Do. Debenturos S.

$60

19.70

Humphreys

I d

$9.70

New Asia Hotel

داری

H.K Lands........

Do. 4% Debenture

Asia Hosition "A ́S.

Do.

"".

Chinese Estates,*****

Cotton Mill

Ewos..........6.

S'hi Cotton(old)S.|

م مرغ

Chins Lights (vld) 311 311.40 $11.3

Sandakan Laguts ........

375

$80

384

$8

Bot

170

374

941

Do.

(now)S.

$42

Loong Sings......

811

$25

Wing Ou Tuxtlias[15.}

$24

Pubile Utilities

13

Tramways

= d

$7.

Peak Tracas (in) ***|| 37

Jo. (now).se!

$87

Star Ferries

19

Xaunisti Furries

$20

$11.30

$11.00

UN

Do.

$742

74/75

HK Electrica...

(new) 18

8751

$20

Macao du.

142

3281

L'alophones (öld) ...

$10.20

Dd

(now)

$1

China Buses......S.

17/

Traction

26/-

$8.40

$1911 Caldbeck,

$15

Macgregers(pret.).

112

Canton Icas

$8.80

18.86

$5.65

Miscellaneous -

128

Dairy Farmaa....

1211 old

Amusementa

$4.70

141

$14.

Do. (pret.).

Industrial

Malabon Sagara ...

gjort.) 8.

314 Coments" $8.70 48.90

-*-

$3,4)

$2,20

1240

60 cts.

$1

$4.85

Ch. E'tainmenta....... Constructions, (old)

Do.

_{new}|35`otu,

Lane Crawforda................. Mackintoshe Nanyang Totucco...

Sincere

Wa13005am.

70 ots. Wm. Powell

32 Mu

Greyhounds

5. Enterprises...

947 CLG. 321928. Bd. 91%

H.K. Gort. 4% Loans 4.

31.35

***

prem.

par

Do

31%

Wallace Harper

366

A.K Wing On......

S'ha Do

$4

Vibro Pileng

NEW

+

YORK STOCK AND

COMMODITY QUOTATIONS

(Through Reuter's Agency)

$24 19.80

17-

$8.10

A DOMINANT FACTOR Prestige has played a promin- cnt part in Japanese relations from the outside world ever since her period of isolation came to un end.. It had an important in- fluence in her decision to denounce the Washington Naval Treaty and to demand parity with Britain and the United States. For long it col- oured her relations with Austra

a. Japan denied that she wished to see her workers emigrate to Australia. Her grievance was not that they were shut out on terms inpiying the inferiority of the In- panese race.

THE BARBERS OF PANDHARPUR

We note with regret that unna- tural "marathon" contests seem to have spread from America 10 In- dia. It is recorded that the bar- bers of Pandharpur, in the Bom- bay Presidency, are "to stage a non-stop shaving contest, in which "it is expected that the winner will shave faces steadly for at least 75 hours.". The shaves wil be free, and "a steady supply" of rough chin has been arranged. We have no faith in all this steadi- nese. No doubt some barder will win the victory, but it will not be bloodless.

soil consists

mainly of mud, and there is no kind of rock which could form a suitable foundation. The sliver vaults are to be among the largest In Shanghai The piles, which measure 100 feet and 75 feet in

height, are driven into the ground until a denser type of soil is reached at a lower depth

1,000 BLOWS PER PILE "It takes roughly 1.000 blows from a three-ton steam hammer to drive one of these enormous piles. right into the ground. Winen they are half way into the ground, they sink from three to six inches at each blow, but towards the end they are only driven in about a inch at a time. After the piles have been driven in, the top parts, which have been damaged by the force of the steam hammer. are Sawn of and made square in All rumours regarding possible ¦ shape, and the concrete, which changes in the King's personal forms the next stage in the staff may be dismissed as pure foundations, is poured over them. speculation.

making a hard, smooth and solid layer, The wooden plies come

THE KING'S STAFF

THE NAVAL CONFERENCE® There is still lie in the" London Naval Conference, and it is signi- flean that Japanese. observers have remained to see what it amounts to. The one real hope when the talks began was that a definite measure of limitation tri the maximum size of battleships and cruisers' and in the weight 01 their arinaments might be agreed upon, and a basis of dis- cussion of that particular" ques- tion has now been reached. The proposal that battleships should have a maximum tonnage of 35.-" Such matters as changes of per- 000 or less ought to appeal on sonnel have not been discussed or strategical as well as оп есопо- considered. In any case, I under- mical grounds, but Japan whien | stand that there is no probability has left the Conference, may find of Lord Wigram retiring from his the proposals for reduced tonnage post as Pirate Secretary at the of aircraft carriers more accep- moment.

able than America, which has re- mained.

Since King George's death both his former staff and the staff of | from Oregon, U.S.A., and are made the King have been working to- from the famous Oregon pine. gether without rest and with Ht- tle sleep.

theroughly with his new task.

THE CIVIL LIST The death of King George makes it necessary for Parliament to pass an Act renewing provision for the Civil List.

In order to prevent the sur- rounding roads from falling into the excavations, strong steel sheet les are being driven into the earth around the site of the balld-

ing Four steam hammers are being employed in the

work of pile driving, and two of these. each measuring 120 feet in height, were specially constructed for this particular job, being the largest of the type to be used in Shanghai. The other two are of the standard size and height.

The work

of

When the matter is considered it. is likely that he will be asked to ROYAL LONGEVITY

remain in his present post for a The death of King George V. year, in order to allow his eventual at the age of 70, a correspondent successor Sir Godfrey Thomas is writes, draws attention to the an obvious and eminently deser-construction, which was begun last longevity of the monarchs of theving choice to aquaint himself November, is expected to be finally completed about the beginning of Houses of Hanover, Saxe-Coburg and Windsor. Apparently until

next year, the architects respon George II. not a single reigning

tible for the plans and drawings monarch of England or the United

being Messrs. Palmer and Turner. Kingdom attained the age of 70. George II broke the sequenda, reaching 77 years. Before him the nearest to approach 70 was Queen Elizabeth, who "died in her 70th year. Since the accession of the House of Hanover, two monarchs, George I and George IV, have died at 67: two, George III. and Victoria, at 81; and all the "re- be- maining monarchs at ages tween those two' extremes.

THE PORT LINE The Commonwealth and Do- minion Line is henceforth to the known as the Port Line, "a name

which recommends itself as all the ships of the company have "Port"

in their names.

Into the chapel, and flung himself A message from the King will be

back in a stall, the Archbishop presented to the House of Com-hovering around him with a smel- mons, in which his Majesty will ung-bottle." The ceremony, also, place at the disposal of the House

began at ten o'clock at night, in those hereditary revenues of the mid-November, and the chapel Crown which were so placed by

was so cold that the noblemen his predecessors.

stood on each other's trams to

The message will probably make reference to the revenues of the Duchy of Cornwall, which have hitherto been used for the main-

tenance of the Heir-Apparent. The legal position is now being ex- amined in view of the fact that

the Duke of York is Heir-Pre- sumptive, and not Her Apparent.

keep the feet warm.

"MOURNING IN OLDER DAYS

In the older days of costly and elaborate mourning, sometimes so elaborate that sumptuary laws were passed to curtall it, mourning given to relatives

garments were

and friends as well as to immedi-

ate mourners, a practice whose shadow survives in the gloves and bands occasionally presented. Horse-trappings, a modified form of those worn in the age of chivalry, are even in this motor- ing age not quite extinct. A cus- tom which has almost disappeared

the house is that of fixing on front the "parchmem" (an ab. breviaten of the knightly "ac- 'hievement"). diamond-shaped

The new title is

THE KING'S ASSENT When Parliament receives the also less cumbersome than the aid, which is a further advantage. We King's message. the Chancellor of can think of quite a number of the Exchequer will move for the organisations which might study appointment of & Select Commit- tee. It will consist of about twenty similar Brevity Taking one at

members of all parcies. random, could not something be done to modify the title of the The King's message, together with full information regarding Institutin of Enguleers and Ship- 55 thuilders in Scotland for all ordin- the Civil List, will be put before ary purposes? And that is a com- the Committee, who will submit a report. Their report will subse- $1

paratively mild example.

quently be embodied in a Bill.

square board exhibiting the armorial bearings of the dead. It was formerly the custom for

After use the hatchments were Bilis settling the Civil Lists to be given the Royal assent by the Bo- often nung up in a church, where Vereign in person, but on the ae-specimens may sometimes be seen. cession of King George, and also of King Edward VII., assent was given by Royal Commission. This practice to likely to be followed with the forthcoming Bill.

001

156

107 $2.20

Last · February 20 Close Open 10:20 11,00

10.91.

10.87 10.87 15.41 15.41

Cotton, May

Rubber, March

16.43

Chicago, Wheat, May,

982

Corn, May

814

"981 €11

STOCKS

Anaconda Copper ...

351

341

El, Bond and Shate

18

342. 249 151 151 157

General Motors

Montgomery Ward

'NY. Central

J.S. Steel

60 601 601 00:1

381- 30 321. 38

30

39 394 301

627 627 831 634

New York Stock Exchange Quotations appear on page 13.

LORD PASSFIELD ON STALIN At a lecture in London last night Lord Passfield said it is no use ask

is democracy or ing whether It dietatorship in the U.S.S.R. He was inclined to call it creedocracy of a novel 'kind providing for the personal participation in affairs by the entire population. The conception is perhaps a little my- stical for ordinary minds, and t tempts the reflection that where

A WESTMINSTER ARBET FUNERAL

ΩΣ

IL

MANIKAR:

«S. E. Levy & Co.

7. IO SE STREET INVESTMENT BANKSKA +"BROKERA

NEW YORK CUTTON EXCHANGIN

COMMODITY EXCHANGE, INC. N.T. CHICAGO BOARD OF TRA DE

CANADIAN COMMODITY EXCHANGE, ING.

CORRESPONDENTS FOR

WHITE, WELD 'CO2 NEW YORK

ROYALTIES AT THE FUNERAL

London, Jan. 24.

THE GERMAN ROYALTIES Former German Royalties will be represented at King George's

funeral by Prince Friedrich' of Prussia, the Kaiser's youngest grandson, and the Duke of Saxe- Coburg-Gotha, a first cousin of King George,

name

13

Prince Friedrich King George's godson, whose second George, was the first male Hohen- 1 zollern to be received by King George since 1914.

When they met at Cowes in August 1934 King George had for- gotten that the Prince was his godson. When he was reminded of the fact he gave the young Prince a pair of cuff-links as a godfather's present.

of

A MONARCHICAL RECORD A hundred years ago the Dukes

Saxe-Coburg-Gotha were

1

small princely family ruling over a small territory and possessing only a small fortune.

Within a century the family had descendants on four European thrones and had amassed a huge fortune.

The Sovereigns were Queen Vic- toria, King Leopold of Belgium. King Ferdinand of Bulgaria and King Ferdinand of Portugal

The fortune was gathered partly by King Leopold' I, and to a geater extent by his son, King Leopold IL. the creator of the Belgian Congo..

PRINCE UMBERTO The Crown Prince of Italy, who will represent his father at King George's funeral, will be paying his third visit to London.

He came here first in 1922 with the Italian naval training-ship Ferruccio. He was then a boy of

17.

an

Two years later he accompanied the King and Queen of Italy on their State visit to this country.

Now he commands

army corps at Naples, where he lives in the former Royal palace of the Bourbon Kings of Naples. It was here that his daughter, the Princess Maria-Pia, was born last

year.

:

BIGGER SHIPS FOR NAVY

Likely Sequel

Conference

To

London, Jan. 20

By HECTOR C. BYWATER The Naval Conference, which was suspended as a mark of res pect for the late King, will reas- semble to-day at Clarence House. Westminster. At this meeting the British plan for reducing the size- of vessels and guns is to be dis tussed for the first time.

As the Conference is likely to reject the British proposal, it seem evident that our new ships will be of generous dimensions

Battleships up to 35,000 tons are aireauv on the stocks in France and Italy, and, according to re- ports from Berlin, the pair of new German battleships to be started in the spring will displace about 30.000 tons. The next British bat- tieships; therefore, may approach in size the Nelson and Rodney, of 33.500 to 33,900 tons, though it a understood that our new cruisers will not exceed 9,000 tons.

-U.S. OBJECTION JAPANESE

In rejecting the British pian at the Conference to-morrow the American deegates are ikely to argue that their special strategie requirements call for large sh.ps, with the greatest possible radius of action. The American navy regards its battleships as floating fortresses, which would have to serve as mobile bases in the event

are

of war in the Far East.

America, France and Italy all opposed to the limitation of submarines to coastal dimensions. This part of the British pen will, therefore, be rejected at once.

'The American attitude to quali- tative limitation haz visibly har denied since Japan withdrew from the Conference. Previously there ALWAYS A SOLDIER

were grounds for hoping that the Prince Umberto. who in 1930 U.8. delegates would be authorised married the daughter of King Al- to accept a reduction of 5,000 tons bert of Belgium, is now 31. He is in the battleship and 1,000 tons in dark, with clean-cut features, and the cruiser maximum, but looks and is a soldier,

hope was destroyed as The army always has been his Japan broke away. main interest. He began his career as a private in a regiment

this

soon 13

ན་

H

The current American view is

of Grenadiers. He is democratic that since Japan's action appears in his contacts, and at manoeuvres

to foreshadow a bid for naval always makes à point of mixing domination over the whole of the Far East it would be madness to with all ranks,

make any concession likely to cur- tall the range and striking power of the U.S. fleet.

He has determination, holds pronounced views of his own, and is popular in the army.

His chief hobbies are ski-ing and shooting. He is an expert ski-er. He shoots at his father's private estate of Racconigi, where he was born.

The estate is in Piedmont, and provides excellent chamois shooting.

tion is making such big moves for- ward thay 4t" will soon outstrip present airplane designs.

O

FINAL DECISION NEEDED

The British plan seeks also, to establish a world-wide maximum of 1,850 tons for flotilla leaders and of 1,500 tons for destroyers. For this reason it is strongly op- posed by France, which has built 32.leaders averaging 2.450 and refuses to accept the British classification of these powerful ships as cruises.

tons.

But perhaps the most curious of older ways of paying honour to the dead was the furnishing of a room entirely in black, with the provision of a (sable-draped bed, The most remarkable of these

It is most unlikely, therefore, and sometimes, as contemporary improvements is the constant that the Conference will effect any accounts show, with the addition | speed propeller, which changes its reduction in the size of future of linen and nightcaps also of pitch automatically. It corres-warships. A final decision on this great part of the population Royal funerals are much more black. Students of the Vorney Me-ponds to a self-changing gear on point is urgently, desired by the seem to come into the plan is at carefully arranged nowadays than moirs will remember that in that a car, low gear at the start chang- British Admiralty in view of the the bread queues. However, Lord when Horace Walpole recorded his family, since the bed and hang- ing gradually to, high gear when coming long-term programme for Passfleld has come to the conclu- impressions of the burial of |ings were only required at inter-

under way.

restoring our naval defences. ↑ sion that Stalin's title to original- ¦ George II. "In Westminster Abbey, vals, they were lent to various This means quicker and easier

The Technical Sub-Committee of Ity is that he has brought about he said, no attempt a order was

take-offs and faster speed in level the Conference appointed to draft an identity in thought throughout made "People sat or stood where

dying.

a plan for exchanging information the U.88.R. It is not so much they could or would. The Yeomen

The "constant speed" has super-as to annual shipbuilding pro- that Stalin is the State but that of the Guard were crying out for

seded the variable pitch propel-grammes has nearly completed ita the State is Stalin. For practical help. oppressed by the immense

ler," which had only two "pitch" task, and the completed scheme purposes, so long as the Army is weight of the coffin The Bishop

positions and was changed by will be considered by the Conter- kindly disposed toward him. I read sadly and blundered in the

hand. does not much matter which way prayers, and the anthem, immea- he looks at it.

surably tedious, would have per ved as well for a nupilal.”

"The Duke of Newcastle," he continued, "fell into a fit of cry

the moment he came

AN OLD "CAP" AND A NEW After all the agonisings by ad- mirers of H. Lind lest he should tall for a second time this seasoning

branches of the family when need- ed, Sir Ralph Verney being quick | to offer "the black bed" in his letters of condolence. The custom lingered to the end of the seven- teenth century, and perhaps later. AMERICAN AIR DEVE- LOPMENT

I am sorry to say that in this A young flying officer who has country we are only just starting fust returned from Americs, gives to learn about the variable pitch, me a most encouraging account of which is far behind the constant air development in that country speed and bound to be finally re- He declares that engine construc-placed by it.

ence next week. Its object is to aminate secrecy in respect of naval armaments. To be fully effective, however, this plan would have to be accepted by Japan and Germany, and their views on the matter are not yet known,»/,

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