12
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
**Jo
Buyer
---
1,6421 £10
29
ان انار
$73
MONDAY, MARCH 2.
Basks
H.b. Haus
Snareprokers” Association
9o. (London) ........
Chartered Bank.... Mercantile Bas “A”
Hui
Baux of Basi
ABI...
N. C. & S. Barks...
HONG KONG "DAILY. PRESS,' TUESDAY, MARCH 3, 1936.
BIG ITALIAN VICTORY
INTERNAL LOAN
WORLD'S RAW MATERIALS.
IN AMERICA
Geliers
Ras Kassa's Men Routed
New Borrowing
National Needs
For
Germany's Plight) Stressed
M
Northern
Asmara, Mar. 2.
Lanan warrior
[Specta, to the "Hong Kong Daily
Press pyright.
MEMBRAS,
+
$7,543
共144
2904
£34
#73
A. O. t'm. Corp: S. Ch. Fin Corp. Ord. S.
10. Prof. S.
Canton ineRiMUCH.......
$270
$270
Underwriter
$1.05
$1,05
Union InsuTELUOS ...
$550
$5-10
China Fires****.***
3480
$475
11. K. Fares.
$260
#270
Internatiouni sence. 3.
¥3
Shipping
436
Steamboats
130
tudes (pret.)
$90
ppt.)
8/8
Snella
Water DURIN
$146
Autapoka
Baguio Gold
1 I
$1,999
121
43
W
Dulglaser
داند
Mining
$35
$30 120, 98/9 $14
$1,85
21 ct..
18.
14 cth
Bubicum...
Baugust Consolidated
Exploration 13 ca.
Du
Do.
Goldfield
Wedge
20 cts.
7 C
Gold is ver
7
130 cts
Boli Crock.
United Paracales...139 ct
116 Sulacot Mining......
ipu Mining.....
Lugar
Kritis ...
Langkate (stugio) 3..
#U
60 otk
12/0
$11
1-15
Explorations......
14
Shanghai Luas
J.
Venezues Bold Fl
Üocks, WhaIVES,
Godówna, sla.
....arves.
Du.
..
(now)
Providents joku
Du. (wow) ......i
H., & W. DOC
5. Canga Motor" A
Shangusi Decks S.
New EngineerinAID. tiongkaws ...
fan H
31.
111 eta.
13/0
$11.20
13.10
c d
31.45
30 L*.
$160 1878
11.64
5) ets.
SU
379
34
3100
Lands, Hotels, und
H.K. Howls
$4.90
$35
1.3 Land.........8.
$4.50
33
$100
Du. 4% Debentures
$18
Suangual Lands....
par
110
Metropolita Lazd...
$0.85
34
$60
$9.70
De. Dulenta, es5. Hauphreys
# 1
Buildings
***
344
Now Asu Hut
asia Kealties "A".
Du.
"U".
Chinese Estates..
Cotton Milla
S'hai Vellons old,S.
tuowS.
Loong Blugs D
WingUn llies(D.)
Public Utilities
Tramwaj IKKITES
Pork Fats turk, in
Do.
Star Ferres gene
Yauutati Ferries - $201
$1106 Chins Lights (old)...
10. (new)...
#S
370
312.
$26
$11.00
$7
$3
Las
$20
رائع
Cuina Buous ........
Industriais
Ca de ex
$5.00
39.70
$70
$42
$14
$24
lex div. $11.90
$7
***
$3
100
8
74
$74
H.K. Zlectries ....
$20
JACHU
Jo!
**
Danünket. LIGULA
Tuloyvids (014) ...)
201
$10.2.
few...
17/ 20/-
I'
17/
Jut
$8.40
Malabon Sugara
รวย
Caldbeck,
815
Macgregurs natjð,
J13 1
18.85
Canton iúss an Chavuts
381
$5
Constructious, (old)
'Be
34.60 $12
(w) 30 ctu.
Mackuitual
34.70
[60 co
$6.49
3212
14
$2.20
MiscellaneouLE
Dairy Farma
Amusement4 ****** Ch. Eʻlamunen CH, CA -
Lane Crawfurid....... ....
Nanyang Low....-|
Watsuas
བ
$4.85
izu ola.
Win, Powells
$2
M. Greyhounda
$1.36
5. U. Enterprios ***
947. Ch. 0.6% 1925. Bd.
H.K. Gora 4% Loans 44.
prem
Par
Da.
31%
Wallace Harper .................
$55
H.K. Wing Uo ... S'hat
24.
Do. Vibro Pilenganonl
DEATH OF MR. C. S. GRACE, ST. ANDREWS:
London, Feb. 1.
The death occurred at his re- sidence, The Grange, St. Andrews,
on Thursday night of Mr. Charles Stuart Grace, W.S., senior men
!
county,
$6.10
83.40
31,9J
Ras Kassa, Reulea correspond-
with the ent
Army learns, the second emer or Ethiopia, is fleeing to the south-west with a small band of faithful followers after the biggest reverse of his career. His army, of 40,000 men is split up and in flight
b every direction.
Alper s
to withdrawa
Washington. Mar. 1. The United States Treasury is a loan of asking the nation for $1,809,000,000, of which $1,050,000,- 000 wul be in gash and $559,000,000 in notes maluring April 15, and for which new securities will be offer-
va.
2.75 per cent. bonds bearing a maturity date of 1951 but redeem- able at the Government's option in March, 1984, and one of $600,000,- 000 of 1.5 per cent. notes maturing In March, 1941.
The cash required will be raised by two issues, one of $650,000,000 Am- Jauork on February 23, Ras Kus returned to the attack yesterday. Heavy fighting followed, but finally the ethiop,ans found themse ves caught between two Italian col- They were complete.y routed as they vainly attempted to cut their WAY towards Narrieu P435.
unis,
COOL-
It is believed that Ras Kassa's defeat 'wili have deep consequences in respect to internal conditions in Ethiopia, as Ras Kassa not only enjoys persona possessions parable to those of the Emperor but his prestige is unequalled by that of any other statesman
On Friday he was reported at Abbi Addl, his birthplace.
Since
Of the cash obtained. $450,000,000 will be used to repay short term loans due for repaying on March 16. Thus the amount of new bor rowing will be $800,000,000, which Is designed to supplement the Treasury's cash reserves for rellef and also to meet the farmers' and veterans' bonus demands.
The net proceeds of the loans, combined with the heavy income tax payments, are expected to give the Treasury a working cash ha- lance in excess of $2,000,000,000. But the national debt will be in-
Leipzig. Feb 20 At the opening of the Leipzig Fair on Sunday, Minister of Fro- delivered Dr. Goebbels paganda
which he surveyed a speech, in the economic situation of the world, coming to the conclusion that it was high time the world realised the madness of its econo- mic ine.hods, if it did not want to drift to a new catastrophe.
from
The economic distress which the world is suffering, said D:. Goebbels, is chiefly due to the tendencies underlying parti- Treaty, cularly
the Versailles which stood by the point of view, that the other great powers in the world would" he better off if one of them, namely Germany, was worse off
"Nothing hus so disturbed world. rado as the systematic destruc-
of
economic Germany's on strength by depriving her of her vital source of raw materials as well as national capital reserve
"The height of economic folly to grant the however had peen
S. E. Levy & Co.
7. ICE HOUSE STREET INVESTMENT DANKNES ♣ BROKERS
ካነ
NEW YORK COTTON EIGNANJE
COMMODITY EXCHANGE, ING, N.T.
QRICANO BOARD OF TRAJUS
CANADIAN COMMODITY : CHANGE, LLC.
CORRESPONDENTS 10%
WHITE, WELD & CO., NEW YORK
“65,000 GUNS FOR CHINA"
EVIDENCE BY ARMS- FIRM DIRECTOR "
then nothing more has been heard creased by these financing opera- dismembered, improverished Ger- One Of Accused Men
$1
of him.
Meanwhile, Back Shirt Juttal- ions are advancing northwards, breaking the remaining stance
1 the Ethopian bands.
tions to £31,300.000.000, which nian Industry, milliards of marks, the largest in history. Reuter
#LEDBANKDabbadabbdäclubb | liter conclucea,
NEW YORK QUOTATIONS
!
Discharged
as loans at exorbitant Interest, in order to gain still further pronts" Thus, in the long run, the Min- the systematic
London, Feb. 1. During tas hearing at the Old exclusion of a great nation from world wealth turned against those Balley yesterday or charges c who have shortsightedly thought | conspiracy against two men, une them. Montague Wentworth
It is estimated that Itál'an casu- alties are less than 1000 dead and wounded ou of the 20.000 men en- vaged. The Ethiopian dead
There were no New York Com- they could enrich themselves by of estimated to amount to at eastmodity and Stock Market Quota-utting out a competitor
abov 1000 over and
the 3,000 Lions by cable last right. ked in the fighting et Amb york.
are
Fighting planes played a ubiqui- | reereneeET: ?SEPTITEITSTE tous part during the whole of the nction, assuming the work former-
'vass'ened to the pavairy 0: Karrving the fugitives --
router.
HANDWRITING OF FAMOUS MEN
Exhibition In London
london, Feb. 15.
SOLEMN FIELD MASS.
IN ITALY"
[Special to the "Hong Kong Daily Press Copyright.)1
Rome, March 1.
1
A solemn lleid mass, eitended by Slinor musson, and the King Italy the whole Fastist Garrison of Rome, as wel as the Fascist militia and mi.tary party forma tions, was held on Sunday on the Unknown Soldier, in order to com meinurate the Italian soldiers who fell at Adowa 40 years ago,
anancean News Server
REDISTRIBUTION URGED
Leipzig, Mar. 1. - A fervent appeal for the redis tribution of the world's raw ma- Josef Lerials was made by Herr Goebbels, Minister of Propaganda and National Enlightenment, at the opening of the German Trade Fair here today.
He said that while some nations were being literally suffocated by unused wealth, athers perished in poverty.
"It a time the world realised its madness," declared Herr Goebbels.
its economic methods are every
QUEEN MARY'S SISTER SHIP
Tentative Inquiry”·
By Cunard Co.
Liverpool. Feb. 5.
The Cunard-White Star Co. an- nounced to-day that it had made "tentative inquiries" regarding the construction of a sister ship to the Queen Mary. It was added, how- ever, that, no decision would be taken until the whole matter had been submitted to the directors of the company and the Government. Four leading British shipbuild- 47, described as un inventor, was in firms it is understood, have found not guilty, and he "was dis-been invited to submit designs and detalls of costs for the new vessel charged.
Wentworth had been accused, They are;
John Brown & Co. Clydebank, with Alexander Herbert Tucker, 40, descrioed was a merchant," of builders of the Queen Mary. conspiracy to derraud and attemp- Vickers Armstrong Ltd., Walker- ting to obtain £1,000 by false pre-ca-Tyne and Barrow-in-Furness. tences from Cmdr.
Cammell, Laird & Co., Birken- Char es Rod-
head. ney St. John Rich. AN. (retired).
Mr. McClure, for the prosecution, said that Wentworth "Introduced Tucker to Umdr. Rich at a West End hotel
an as
Australian- Chinese, whose father was allow ing him £60,000 a year.
Tucker said that he was in a 10T position to put up £75.000
Swan, Hunter and Wignam Richardson. Wallsend-on-Tyne.
It has been stated that a sister ship to the Queen Mary '1s essential the Cunard-White Star Company hope to maintain their "Trans- atlantic service on an economical basis. The order for the new
The diversity of taste in writing-Piazza Venezia at the grave of the here causing anarchy to raise the commander's publishing bus vessel, however, is not likely to be
famous men is indicated by 2 fascinating collection of arginal maguscripts, forming pars of the Pepys Stationery Exhibition, which is now open at 184, Strand. W.C. 2.
There is
a page of Bernard Shaw's play. "On the Rock.". wri ten on a large shect of thin, gree
in shorthand and paper. partly partly in the well-known spidery longhand. There is a poem by G. K Chesterton. written on ordinary ined paper from a pad, in Arm. upright characters. and a Small half-sheet containing Str James Barrie's minute, script-like writ- ing.
"
One of the most interesting is the examination essay written Lawrence of Arabia when he join
It is ed the Air Force In 1923. entitled "A Sea Trip." and des- cribes a flying-boat flight with an unnamed "diplomatic passenger,"
Another interesting exhibit is a portrait of Lawrence of Arabla, by Orpen, with a sentence or two in An' ex- Lawrence at the bottom.
Walter de tract from work is written on a large sheet of examination paper.
Mussolini returned to the Plazza Venezia after the ceremony, but reappeared on the balcony to re demonstrations of
spond to the the huge crowd.
His address was, succinct, con- sting of the following two sen-
tences:
"The Italian troops are auvaui ding, and will continue to advance. The events speak for themselves and wil continue to speak for themselves."
its head."
the
The Minister added that problem ui unequal distribution of
raw materials would not necessar- y be so great if a sane exchange of these necessitics were not im- pedea
by capitalistic blindness. Fulltical spite and the instability of exchanges.-
yuter.
ITALIAN VERSION OF TEMBIEN BATTLE
ness and suggested that it would be a good thing for Cmdr. Rich to
have an interest in Tucker's ven-
tures.
to
placed until the running costs and profit-making capacity of the Queen Mary have been ascertain- ea over a period of not less than
six months.
There were varicus meetings,
The cost of the proposed new vessel would be about £5,000,000. and Tucker said that he had con- tracts for the suppy of obsolete
and the order would mean employ- arms to China, including 65,000
ment for 3,000 men for about four marine Hotchkiss guns. He also remarked:
yours. Developments in "Wentworth and I. have been
engineering and hull construction supply arms. negotiating to
since the keel for the Queen Mary Abyssinia, I have a contract with
was laid down will be incorporated the Soley Armament Company." in the designs for the second giant
that McClure sald
these liner. Mr. statements were quite untrue. The Disposals Board, from whom he declared he had obtained the [Specia to the "Hong Kong Dal guns, ended years ago, After a
Press Copyright.11
time the commander's suspicions rtome, Feb. 29. began to be aroused and he went d'Annuncio
report here states to the police. From that time he He service. to Mussolint, that the battle in the Temblen acted under their instructions. both ar his region resulted in the complete
"STRAIGHT TO SCOTLAND annihilation of. Ras Kassa's Army.
YARD"
These words had a tremendous on the crowd, which broke out in delighted cheering.
famous The
poet the alsu honoured dedicated a poem whom
An effici
he describes elder and his younger brother. #1
In the panegyric d'Annuncia) The report says. lemnly proc alms:
bee Roman has "Abyssinia 110m times immemorial, ike the
la Mare's Caul of Julius Ceasar the As'a of
Trajan ard the Africa of Scipio,
"The clear Latin will appears to have been absent from Europe, which again is the white ox of
The exhibition. which includes
"The battle in the Temblen re- glon, which began on February 26; can be regarded as won. The der to prevent the envelopment. enemy put up a bitter fight in or- Ras Kassa's Army is annihilated. The enemy's lusses are very great. Enormous quantities 01 ariis,
many elaborate displays of every Jupiter. Be praised, O Chief, for animals and other war materials
type of Pepys stationery, was fas mally opened 'yesterday by Mr. R
the London 55 cts, Sykes, of
Exchange.
$1
907/
#59 $2
PAYS
having given back to Rome the Italy that is predestined to be Press hers."---
Transacean News Service
'ADVERTISING Mr. Sykes mentioned that this Was the 80th anniversary of the Arm, whose products, he said, were famous all over the world.
Mr. Walter Shaw, Managing Director of Castell Bros. Ltd., makers ut Pepys stationery, paid striking tribute to the efficacy of Press advertising."
During the past two years, he
including the- depute clerkship of the Peace and the clerkship to the Commissioners of Income-tax. He was also joint said, they had concentrated on in such journals as agent of the Royal Bank of Scot- advertising
land.
"The Daily Telegraph," "Bunday Mr. Grace was "one of the oldest Times." "Autocar," and similarly members of the Royal and An-reputable publications, and month cient Golf Club "of St. Andrews, after month their trade had in- with which his family had been creased.
- BATTLESHIP BUILDING
IN AMERICA
cry
Mr. Marston Garsia (for Tucker)
ing to go into these armaments asked Cmdr. Rich: You were will-
contracts at the start?
"No." answered the witness. went to Scotland Yard straight away."
Did you pretend you would in- in arm contracts to get put money into your
IL
have been captured. Ras Kassa's Vest fate is the same as that of Ras Tucker to Mulu Gheta The air force is at business?--No.
Capt John Ball, a director of present engaged at taking full
the Soley Armament Co.. said that advantage of the victory,"
Press reports from Asmara state he interviewed Tucker last autumn that the battle entered into a au in connection with arms for China. The but nothing came of it. Tucker 01 Friday. cisive phase, enemy was tually compelled to never had a contract with his withdraw after a desperate hana-Arm.
Replying to Mr Garita, Capt. to-hand night, leaving more than 3.000 dead behind, including 6 high Ball agreed that Tucker introduced Washington, Mar. 1.
to a Cen. Cohen, of the The intimation that the United officers, while the Italian losses for him
the Chinese army who was in this States may embark upon a pro- this are given at 500 dead.
The military circles here are un country. Nothing came of the in- gramme of battleship building was contained in the announcement of the opinion that, from the millt-terview with Gen. Cohen. Senator Vinson, one of the Blej ary point of view, Abyssinia has Navy advocates and Chairman or already lost the war.
Com-Tranracran News Service
1
the Benate Naval Affairy mittee to-day.
result of the London Naval Con- ference was known.
He declared that the Committee I would take no action with respect Within the last few weeks they to the bills authorising the repair ber of the firm of Mesurs C. S.
of fourteen battleship and the mo and C. L. P. Grace, solicitors, Et. connected for over 150 years, He
himself had completed 50 years and averaged 3,000,000 issues a Andrews.
lar brands of notepaper. Mr. Grace, who was the only service to the club, first as honor-week of advertisements of particu-dernising of six others, until the
Secretary and latterly 38 son of the late Mr. Stuart Grace, lary solicitor and bank agent, St. An- onurary treasurer, and he had drews, was educated at Madras, also acted as secretary of the College, St. Andrews; Fettes Com Green Committee; and hon, secre- lage, and St. Andrews and Edin-tary of the Rules of Golf Commit- tee. In view of his long services
The Hoa, Denis Berry returned burg Universities.
One of the oldest practising the club, at the September busi- members of the Writers to the, ness meeting of last year, anani- thanks to Mr. Sykes, and Sir Her- Signet, Mr. Grace held numerous mously appointed him an honor-bert Morgan and Mr. Wo. A.
Morgan Joynson alzo spoke. the city and jary life member of the club. apointments in
"The result has been," said Mr.
for the last three months has been Shaw, "that the home trade alone 22 per cent better than for the same period last year."
For if the life of battleships was not going to be extended by the would want to make replacements Conference, then the United States instead of repairing and modern- ising her battle fleet, Senator Vin- sou asserted. Rester.
་ ་
H.K. SHAREBROKERS' „
ASSOCIATION.
Buyers
Beng. Exp., 13 cts. Faracales, 39 cts. Land Deb, par, C. 9 Bonds, 82%. Cort, Loans.4%, 44%.
Sales
Paracales, 30 cts. Dairy Farms. $21 CD.
CHINESE AMBASSADOR TO JAPAN
Departure Postponed
Nanking, March 2. Ow.03
LO the disturbances in the Tokyo, Mr. Hsu Shih-ying, new ambassador to Japan, has postponed his visit to Japan bus left yesterday morning on a trip to Peiping on inspection.
It is not get certain as to when the Sino-Japanese Readjustment heid. The Conference will be Ministry of Foreign Affairs to-day instructed Mr. K. T. Ting, Chinese Charges d'Affaires in Tokyo. to report on the latest political de- velopment in that
its policy especially China--- Union News.
country, towards
denied. that he had stated his father wag allowing him" £80,000. He Tucker) was not a rich man.
He agreed with Cmdr, Rich to SPANISH NEGOTIATIONS
try to raise capital for his com- pany. Capt. Ball also described nego-
He had, in 1933, raised a tiations for suppiving arms to the capital of £150,000 through his Spanish Government, in which brokers for a company known as Tucker was concerned, but said London United Grocera: that no order resulted.
Tucker denied that he mention- At the conclustori of the case for ed China or the Disposals Board the prosecution Mr. de Verteul to Cmdr. Rich. He told him that submitted that there was no case he had a deal which would make against Wentworth, and the jury, quick profits in connection with a after a short consultation, found proposed contract with a foreign Government. The commander him not guilty
Tucker stated in evidence that said that he could raise £2,000. was born in Tasraania, his and he told him that only £1,000 father being an Australian and were needed.
He had The trial was adjourned until ween in this country 15 years. "He Monday, ball being allowed.
he
his mother Chinese..
9