LLOYD TRIESTINO
FLOTTE DÍUNITE LLOYD TRIESTINO»MIDÍTIMA ITALIANA-SITMAR
MONTHLY EXPRESS PASSENGER SERVICE
FAR EAST-INDIA-ITALY
Brindisi, Naples: 21 days. Venice, Trieste Genoa: 29 days. HONG KONG TO ITALY
M.S. VICTORIA" 9th March (a)`
S.S. "CONTE VERDE" 28th Inne (b) SS. "CONTE VERDE" 2 th Apr. (b)] S.S." VICTORIA" 30th July (8) M.S." VICTORIA" 28th May (a)
(a) Manila, Singapore Colombo, Bombay Port Said, Naples & Geno (b) Singapore, Colombo, Bombay, Port Said, Brindisi, Venice &
Trieste
HONG KONG TO SHANGHAI
M.S. VICTORIA" 20th March SS. CONTE VERDE" 18th Apr. M.S. "VICTORIA" 21st May
For full particulars apply to:-
9.S. "CONTE VERDE 20th Juce M.S."VICTORIA" 21st July
LLOYD. TRIESTINO Queda Buikling, Oroand Floor, Add LLOYDIANO"
Telephone 3282.
P. Box 15.
Agents in CANTON:
"DODWELL & CO., LTD, SHAMEES,
S.S. "BENMACDHUI"
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG, and LEITH (direct) on or about the 9th March.
S.S.
Next Sailing for SHANGHAI & JAPAN
* BENRINNES
リ
March 2nd
Cargo will also be accepted on through Bill! of Lading to the usual transhipment ports...
Tel. 22533
For Freight und Puamage apply to:-
W. RLOXLEY & CO., (CHINA) LTD.,
York Building.
Agenta:
THE BEN LINE STEAMERS LTD.,
AGREEMENT AT NAVÁL TALKS
CHECK ON RIVAL- BUILDING
A Substantial Advance
-London, Feb. 2.
"
At Friday's meeting of the First Committee of the Naval Conference,
#
И
1. Lord Monsell went on to say, hrw. ever, that the bilateral conversations hold during the past two years had made it perfectly clear that there was no hope of securing general agreemen to the British proposals outlined above. It was, therefore, idle to discuss them. Instead, he put forward certain other suggestions. They were not the sug of any one nation, but a sort gestions of working compromise which would serve as a basis for discussion.
tons to be considered.
2. Aircraft-Carriers-A maximum displacement of 22,000 tons, with 6.1. inch guns.
3.A Class Cruisers of 10,000 tona, more to be with 8-inch guns. No built.
4 "B" Class Cruisers.-A lmit of 7,000 to 8,000 tons, with 8.1-inch guns. 5. Submarines.-A limit of 2,000 tons, with 5.1-inch guns.
HONG KONG DAILY PRESS; SATURDAY, FEBRUARY 29, 1936.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
unchanged
Silver prices were yesterday the quotations remain- ing at 103 for Ready and 19 11/16 Silver advices re- for Forward.
having bought, closed steady
The market
ported India
ns
buyers unsatished.
In America the rate was unchanged at 44 for Spol.
1
Parts
LONDON EXCHANGE RA
Genera
Berlin
Athens
(BRITISH WIELENA SERVICH)
February 27.
74 45/64 15.101
12.28
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Sarivee "Through bookings to "Amèrica via Europe and Europe via America.
Through hookings to London. Bookings around the world. -
OUTWARD SAILINGS
for hanghai, Dairen, Kobe, Osaka,
Y'hama., Nagya
184th Mar. .v. "BURGENLAND" for Shai, Dairon. Taku. Kobe,
Osaka, Yokohama, Nagoya... 27th Mar. HOMEWARD SAILINGS
9th Mar
... for MTies. R'dam, Hambary PREUSSEN”. .. "SAUERLAND"...for Genca, Barcelona, A'werp.,
Eotterdam, Hamburg ...98te Mar
February 2
74 51/64
15.13
12.29
*m.v." RAMSES".
Milan
63)
515 S. 621
Shanghai
with
New York
4.99 3/15
Amsterdam
1.272
4.99 3/18 7.261
..
Vienna Frague
14
1194
119
Bucharest
Madrid
870 8. 38.3/32
36 1/16
Lisbon
Hong Kong
Brussels
29.32
29.291
Montevideo,
Belgrade
4.983
4.983
Yokohama
1/2
1/1 29/32
"1
Helsingfors
Rio
Buenos Aires
The London/New York' cross- rate was quoted 26 4.991 New York/London was also quoted at the same rate.
Steady.
MARKET
STERLING
Opered with sellers at 1/3 13/15 up to April with business done at that rate for May followed by transactions at 1/3 for February and 1/33 for June and July. The market closed at 1 p.m. with sell- ers at 1/3 13/16 February/April and 13 May/July, buyers at 1/16 higher respectively.
U.S. DOLLARS Business was done at 33 "Mor March and a small business also reported at 33 1/18 for cash. There were sellers at 33 for Feb- rary, 32 15/16 March, 321 April and 32 13/16 May, buyers at 1/16 higher respectively.
SHANGHAI DOLLARS Sellers were quoted at 109 "5/16 for Spot
SHANGHAI MARKET Sterling opened with sellers at 1/2 and closed at 1/2 17/32 for spot. U.S. Dollars, opened at 321 sellers for spot and closed at 30 3/16 for spot. Steady.
IN THE AFTERNOON The market was quiet in the afternoon.
STERLING
In Sterling business was done at 1/3 for near and 1/3 13/16 May and towards the close 1/3 13/15 was also done for April delivery. The market closed with sellers at 1/3 13/16 February/April and 1/37. May/July. buyers at 1/16 higher respectively.
U.S. DOLLARS
The market closed with
sellers
at 33 February, 32 15/16 March, 327 April and 32 13/18 May, buyers at 1/16 higher respectively.
H. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL
QUOTATIONS
With only two full working days during the week under review and with all
attention focussed the Races, only a small amount of business was done, at prices which show little variation from those prevalling during the
1. Capital Ships. Maximum dis- placement to be 35,000 tons, with 14- the sub-committee which had been de-inch guns. A reduction of 2,000 or 3,000 tailed to examine the British, French, and Italian plans for the interchange of information concerning new build ing programmes presented its report, It was unanimously adopted.
The text of the recommendations will not be maile public at present, but it is proposed that each country shall confidentially notify the others during the first four months in each year of its proposed building programme, and that this programme shall not be ex
35,000 TONS LIMIT ceeded. Full details of ships are also to be exchanged, and these will cover
These limiting figures were duly matters, such as tonnage, gun and torpedo armament, aircraft carried, accepted as a basis for discussion, and pine Mining Stocks minelaying equipment, speed, fuel it was agreed that they should be ex amined by a technical sub-committee, capacity, and the like. Further, no vessel is to be laid down until four which will first consider the definitions of the various classes of ships, the age months after the circulation of the limits for each type, and how standard design or four months after the displacements are to be calculated. promulgation of the programme, while The qualitative limitations to be any important modifications made during construction or after comple-included in the new treaty will then
dealt with ba
all
tion are also to be communicated.
The retention of the 35,000 ton limit Similar notifications are to be made in for capital ships, with a possible regard to ships huilt for, or acquired reduction of 2,000 to 3,000 tons, hay from, and foreign Power.
probably come about because of the This scheme represents a great reference of the United States for All the other advance on the similar provisions con- pre
bps. tained in the Washington and London farge.
be willing to reduce nations
way
Naval Treaties. It should go a long drastically. The reduction of gun
towarda checking competitive building, and will prevent socrat calibre from 16 to 14 inches, however, building and the construction of some represents a considerable saring in
money,
entirely new type of ship which may All nations are agreed that aircraft-
render a whole class obsolete At & blow. To be effective, the scheme carriers of 27,000 tons are unnecessari- large and unwieldy, and all such mast eventually involve the co-opera-ships now being built are of $2,000 tion of all Naval Powers
tons or less.
BRITISH PROPOSALS The question of qualitative limit ation was considered for the first time on Wednesday in the presence of Japaness observers. Lord Monsell, the chairman, outlined the proposals already put forward by the British Government at the Disarmament Con- ference of 1082 These proposals, which involve drastic reductions in the Washington Treaty figures of tonnage and gun calibres, Britain would still to see erabodied in any new like treaty
The United States, which is under. stood to favour large cruisers, appears to have deferred to Britain and the other Powers in consenting to consider smaller vessels more lightly armed, If this reduction can be brought about, it will mean a very great saving of money all round.
The fixing of the submarine limit at 2,000 tons has probably come about by the desire of France, Italy, and Japan, which all believe in submarines for defensive purposes.
They may briefly be summarised as follows:-
Capital Ships-To be reduced from 35,000 to 25,000 tons, and their guns from 18-inch to 12-inch. Tonnages be further reduced to 29,000, and gene to 11-inch, if it were agreed that no be able to agree. more 10,000-ton cruisers with 8-inch guns be built.
Cruisers-Heavy cruisers to be abolished, and future ships of this type to be reduced to 7,000 tone and their guns to 6 inch
Aircraft Carriers.To be reduced from 27.000, tons to 22,000, and their guna from, 8-inch to 0.1-inch.
Submarines-To be abolised, or, if this were unacceptable, that their maximum displacement should be re- duced to 250 tons.
BO
In short, the suggestions for qualit ative limitation now being considered, represent a working compromise in which the wishes of avery Naval Power have been more or less co-ordinated, sacrificing something, may eventually and with which each nation, by
On this give and take basis Britain has not been able to go far as she has wished in the matter be of reduction, Whatever else may said, however, the scheme, if generally accepted, will certainly bring about Ipportant reductions in the tonnages and gun, calibres at present ruling. This means that less money will be required for replacing obsolescent vessels and providing an adequate navy, than if we were still bound by. the terms of the Washington Treaty, or had no treaty at all
previous week, excepting Unions which gave way a little. The only feature in the market was a slightly increas ed interest taken in the Philip
Business Done During the Week.
HK. Banks ex, dv., $1529. $1534.
$1530, $1550, $15524.
Bank of East Asia, $73. Union Insurances, $545, $550. Tramways. $12},' $1230. Tramways ex div.. $11.90. Yaumati Ferries, $201. China Lights (old), $11.05, China Lights (new), $8. Electrics, $744, $74. Raubs, $11.40.
Antamoks, $1.84, $1.85. Baguio Gold, 20 cts.
Benguet Exploration. 14 cts.
Big Wedge, 20 cts., 23 ctx. 214
eta:
Gold Rivers, 7 cts.
H.K. SHAREBROKERS' ASSOCIATION.
BUYERS
B. E. A., $73.: #Underwriters, 31.
Baguio Gold, 19 cts. Beng Exploration, 12 cts. Big Wedge, 20 cts. Salcots, 15 cts. Goldfields, $3.10. Land. Deb., par. · HK. Docks, $8.50. Peak Trams, $7.
Peak Trams (new), $3. Y. Ferries, $20.25.
Constructions (new), 30 cts. B. L Bonds, 82% Govt, Loans 4%. 41%.
SELLERS Hotels, $4.50, it *** H. K. Lands, $34 CD. Providents (old), $1.50. Star. Ferries, $90. ILK. Ropes, $5.10.
.SALES
Y. Ferries, $20:50.
C. Lights (old), $11
Montreal
Silver (Spot
191
192
Silver (forward) War Loan
19 11/16 1
19 11/18
31% 1067
.31% 107 1/18
Closing Quotations
February 28, 1936. On LONDON: -
Telegraphie Transfer... Bank Bills, on demand 1/3 Bank Bills, 4 months'
sight .................. 1730 Credits. four months'
sight
ON SHANGHAI ?—
Ox NEW YORK —
Bank Bills, on demand 39) Credits, 60 days sight. 33
ON BATATTA
On demand
481
ON PARIS:-
1/4/
Bank Bills, on demand 489 Credits, 4 month's sight 607
ON SAIGON
1061
On demand
48
ON MANILA:-
55
On demand
641
CIN BANGKOK:--
On demand
110
On demand
1434
SOVEREIGNS. Bank Buying
Telegraphic Transter........ 180g.
Bate
BAR SILVER, per os
..... 1/4 104
On Domand
ON SINGAPORE:
On demand OD JAPAN-
ON INDIA:
Bank, on demand...
NEW
YORK STOCK
EXCHANGE
(inrowga keniers Agency)
New York: February 28,
QUOTATIONS
New York/London Cross-rate New York Cotton-Mar. New York Rubber--Mar. Chicago Wheat -May, -May. Chicago Corn Silver Official
די
Last Today'
Change High Low Close Close 4997 1.991
1 off 10.78 10.71 10.77 10.78 01 up 15,74 10.81 15.55 15 70.10 up 1001 100 1001 1001
601 €1 60 011
442 44[
High-1934/35 Low! Feb. 28.
Btock & Div. Adams Express Amer. Can (4)
***... 1174 Am. Cyanamid "B"
Packard Motors
unchangexi
Feb, 27. Change 169.04 2.83 up 50.16 1.29 up es up 32.44
.18 up
* v. "RAMSES" ....... for Genca M'lles, R'dim. 'hurg...8th Apr. + Passenger Vessel Limited Passenger Accommodation.
For fact or particulars and passage fares, etc., apply to
HAMBURG-AMERIKA LINIE
JEBSEN & CO., AS,
12, Pedder Street, Tel. 28363.
CANTON AGENTS: CARLOWITZ & CO., Shakee Road.
CONSIGNEE NOTICES.
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO., LTD. AND
CHINA MUTUAL STEAM NAVIGATION CO, LTD.
YONSIGNEES per Co.'s Vessal
"HECTOR".
FROM UNITED KINGDOM YLA SINGAPORE are hereby notified that their Cargo will be discharged into Holt's Wharf, Kowloon, where it will lie at Consignoon risk and subject to Terms and Conditions of Storage at Holt's Whart The Cargo will be ready for Delivery from Godown on and after 28th Feb,
Optional Oarge will not be landed bere, unless Notice has been given priar to Vessel's arrival, but carried on from port to part to the final port of call to which the option extends.
All broken, shafed and damaged foods are to be left in the Godown, where they will be examined on soy Tuesdays and Fridays between the hours of 10.45 and Noor within the Free Starsge period No Claims will be admitted after the Goods have left the Vessel's Godown and all Goode remaining undelivered after the 6th March, will be subject to Bent.
All Claims against the Vessel must be presented to the Undersigned on or before the 20th March, or they will not be recognised.
No Fire Insuranco will be affected.
BUTTERFIELD & SWIRE,
Agenta.
28th February, 1938.
(4245
SINGAPORE RAW RUBBER
Latest Singapore Prices
HL B. JOSEPH & CO.
Friday, Feb. 20.
Messra. H. B. Joseph & Co. re ceived the following
NOTICE TO CONSIGNEES.
i
OCEAN STEAM SHIP CO, LTD.
AND
OHINA MUTUAL STEAM NAVIGATION CO., LTD.
יד
ONSIGNEES per Co.'s Vessal
"EUMAEUS"
be
FROM UNITED KINGDOM VIA SINGAPORE. are hereby notified that their Cargo will
discharged Inte Holt' Wharf, Kowloon, where it will be at Consignees risk daubject to Torbe and Conditions of Storage at Holtz Wharf. The Cargo will be ready for Delivery from Godown on and after 26th Feb.
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 are to be left in the Godowns, where they will be examined on any Tuesdays and Friday between the hours of 1045 M. and Soos within the Free Storage period.
Goods have left the Steamer's Godown. No Clams will be admitted after the and all Goods remaining undelivered after the 4th Mar., will be abject
Lo Bent
All Claims against the Steamer minat be presented to the Undersigned on or before the 18th March, 1988;
or they will not be recognised.
No Fire Lasaranes will be affected BUTTERFIELD & SWIRE
**Agents.`.
.
28th February, 1975.
14937
BAMBURG AMERIKA LINIE.
NOTICE TO CONSIGNEES.
THE M.V.
T
1t
"SAUERLAND " having arrived, from Hamburg and Ports of call, Consignees of Cargo are hereby notified that their Good re quotations being landed and placed at their risk into Singa- the Hong Kong & Kowloon Wharf & Godown Compad godowns at Kowloom. Sellers where delivery may be obtained as soon
as the Goods are landed. 251
in Straits Currency from pore for Raw Rubber.-
Buyers 261 up
Optional Cargo will not be landed here unless Notice has been given 48 hours prior to Vessel's strival, but carried on, from port to port to the final port of call to which the option extend
No Olaims will be admitted after ther Goods have left the Godwin, mad Al Goods remaining undelivered after the 5th March, 1935, will be subject to Rent.
Spat
· 261' up i 201 Apr./June
203 úp F... 281 July/Sept. Oct./Dec. 261 up 261 Market, Steadler.
BENJAMIN & POTTS FEB, 28
February 28. Messrs. Benjamin and Potts re-
All broken, chafed and damaged Gooda ceived the following Straits cur-
are to be left in the Godowns, wbppe rency quotations (buyers)
from they will be examined on 4th March, Singapore on yesterday for Raw 1936, at 10 am, by our Surveyors, Rubber.
Mesim. Goddard & Douglas. Spot Apr./June July/Sept. Oct./Dec. Market.-Firm.
251 cta. up. ct. 261 cts. up i ct. 26 cts. up t ct. 284 cts. "upci.
n
Feb. 28. Messrs. Benjamin & Potts re- ceived, the following buying and selling quotations from their Mant- 341 Agents this morning:—
4
Dow Jones Averages
20 Industrials.
186.63
96.71 14861
* Bas
61.73
27.31 48.87
20 Utilities
35.36
14.4 31.76
on
40 Bonds
103.74
93.43 109.56
102.74
"
11 Commodity Index
82.10
52.41 36.79
BAUS
.23 up
Business Done:-1,310,000 shares.
Last Sale
Feb. 26 Feb. 27
Stock & DI
13
131
Gold Dust (1.30) ...
201
119-
Goodyear
283
Lasi Bale Feb. 26 Feb. 27
201 271
Int: Cement
(.25dr.) Am. For. Pur
............
361
371
Int. Nick (60)
71
81
Int. Tel & Tel
..... 51 522 171181
Am. For. Pwr. $7 1st
Johns Manville
PL."'
Kennecott (.161)
951 374
Am LocomotTE".....
33+
344
Loew's (1)
48
454
Am. Radiator ******
234
24
Lori (120) .......... 221.
221
Am. Smelting.
841
661
Mont, Ward
40 414
Am T. and T. (0)..... 1701
171
Nat City B. (1).
344*
Am. Tob "B" (5) ... 961 Am. Waterworks (1) .22) Am Waterworks $6
pref (6) Anaconda Copper Atch. T. and B. F . (2sd;)
Automobile, 461 Auburn Baltimore & Ohio Bethlehem Steel....
92
Nat, De F (1.20)..... 233
241
231
Nat Distillers ........ 301
301
Nat. Pwr Lt (80),
N.Y. Central
37*
391
324
35
N. Amer. 150c. 4%) 264
271
Pac. Gas (1.50)
33
Pac. Ling. (3)
Pesos
?
471
102
111
Benguet Consoli-
221
231
Penn. Rly, (12)
351
371
dateds
451
45)
Phil. Petro (1)
42
43+
Antamoks
11.60 11.00
1.15
1.20
Boelig Airplane Borden Co. (1:60) Borg Warner (Idra Case
982
Pub. Ber NJ (2.80)
44
447
United Paracales 25
.28
Radio Coron
121
121
Ban: Mauricios:.
.53
.58
Rey. Tob "B", (3)
1114
1121
Schenley
Canadian Pacife
147
15
Sears Roebuck
551
561
SHIPS IN HARBOUR
37*
381*
Boc--Vac. (60) Brn, Cal Ed
831
64
(1.50)
157
157
70 714
Bouthern Pacific 251
26
Stan Brands (1) ...
341 37
Ohio (2.80) 53 Uhrysler (14)
94
59
Яtan, Gas ma
17 +
174
Sta Of NJ (1)
71.
8+
7
101 171
84%
尘
971
AN,
31
Texas G. Balp, (3): ...
37
33
Transamerica (1.12}). 137
141
331
341
UB. Car and Carb-
(1.40)
.n
81+
Un. Pac. Rlys. (6)... 131
1321:
No. A1-Somerville.
Un. Aircraft Corp... 28
-28%
No A2-Delhi..
Un Air Line Trans... 15
151
No. A12-Haguro Maru.
United 'Corpn." "Minuten
67
No. 83.-Kaying.
Univ. Leaf Tob, (2) 443
45
No. B4-Voo, Yang
671
Uni. Gas Impr. (1.20) 167
171
No. B5.-Helikon.-
08. Rubber
1431
184
191
No. B-Canton,"
US, Steel
601
631
No. B8.-Hozan Maru..
Vanddium
237 241
No. B11-Hirum.
381
391
Warner Bros. Picts. 121
No. B12. Tal Poo Sek
13
837
West E. & M. (65)11301761
Gen. Motors (id) 584
***
Call Money $%
·2%
G. Rly Big★ (1).
451*** 450
なか
* Bid
* possible srutilatior.
Caterpillar Tract Ch. Nat. Bk (1.40) C'Peake Corp. (2.50) Create Corp. and
Col. Gas & Elec. Comm. Solv. '(-80).. Comm: 8thra Comm 8thru. $5 Cons. Oil (28)
cum. FL (8)
Cons: G, NY (2)
ཙྩལླཙྩཊྛ། བྷུཉྩ བྷཏྟཎྞནi རྣ 3i༈ཚ༔ཧྲྰིཚཨཱཙྪཎྞནཱ
Cont Of (251 35 361 Corn Prod (3) Curtles Wright
57 Curtiss Wright "A" 15 Douglas Aircraft Du Pont (2-60z... 142 Elec. Bond & Share 17". Elec. Bend 36 PI (5) 771-77 Cren. Elec. (60)..... Cen. Foods (1.80).
Ster, Pro (2.80) .............. 661.
Studebaker Cortn
WHARVES
Kowloon: President Grant, Tokiwa Maru, Sauerland, impress of Japan, Bremerhaven, Tilawa and Hakone Maru. Holt's-Hector,
Douglas Lapralk:-Hai Yang.
DOCKS.
Taikoo:-H.MS. Phoenix, Sliver yew, Chang On and Yolande.
BUOYS.
No. B14-Hupeh. No. B15-Klangau..
Na B17--Michael Jebsen. No. B22.-Man Sang t No, B23-8ensan Maru.
To comply with the General Bonded Warehouse Regulations consignses. UNË bave a Revenue Officer in attendance when damared dutiable gods are examined.
All Claims must reach us before the 27th March, 1936, or they will not be recognised.
„No Insurance will be effecter *Bill of Lading will be countersignen oy
JEBBEN & ̈00.
Agents. Hong Kong, 27th Feb., 1938
14240
BERVICES CONTRACTUELS DES MESSAGERIES MARITIMES.
CONSIGNEE NOTICE.
8.8. "ATHO8 II" BRINGING CARGO F
MARSEILLE, &c AZEIVED ON SATURDAY, THE 22ND. FEBRUARY, 1936.
NONSIGNEES
are hereby informed Nather goods with the exception
of Opiam, Treasure and Valuables are being landed and stored into the Go downs of Hong Kong, Kowloon Wharf & Godown Co., Ltd Kowloon, whence delivery may be obtained immediately
after landing." they
All claims must be sent in to me es or before the Tuesday, 3rd Mar, 1936, will not be recognized.
Damaged Packages_will be examined by the Company's Burveyer, MessT. Goddard & Douglas in the presence of the Consignees at 10.00 am, on Fri- day, 28th Feb. 1936,
Consignees must have Oficer in attendanes when any dutiable goods are examined by the Company's Burveyors.
"Revenue
No Fire indrance will be effected by Tis in any case whatever..
B. OHL Agent.
Hong Kong, 2nd Teb., 19.6.