Priestina
Lloyd
NEXT SAILINGS
To Shanghai" Victòria 91st July "Victoria"
To Italy
30th July
SFRUTAL RETURN TICKETS
Validity 100 days at greatly reduced cost allowing of 2 months 'stay in Europe. Special concessions to lat and fed Class travellers to London.
Forss to Venice, Trieste, Genoa and Return, £132, £88, £56. Special Two Months' Round Trip Tickets At Reduced Rates
HONG KONG DAILY PRESS, THURSDAY, JULY 2, 1936.
BERLIN SHARES
"
Latest Reichsmark Quotations
was
LONDON EXCHANGE RATES
Milan
Shanghai New York Amsterdam Vienna Prague
(Buitish WIBILIS NERVION)
June 35.
June 7.
..........
76 5/64
15.42
75 01/84 15.35
12.4+1 532
12.47
63.7/8
1/2 13/32.
63 13/16
Paris Genera Berlin
("Hong Kong Daily Press" Special)
Berlin. June 30. No definite tendency on the share- noticeable to-day. market Bank" customers. did not place orders. Fixed Interest Securities were little changed. but Gold Arm. were very Mortgage Bonds Call Money stood at 4%. Reichsmark was quoted (without guarantee) ali-
Athens
5.02 1/16 7.404
3.02 3/18 7.37 1
Bucharest
The
Madrid
.36 7/64
1207 678 36 9/16
Liston
Hong Kong
New York
40.37
Brussels
29.731
Pards.
„,809.——
Montevideo
38 7/6
29.73 39 1/16
Amsterdam
.451.34
Belgrade
12.542
Montreal
-5.03 1/8
5.031
Yokohama
W!
Helsingfors
Rio
To BOMBAY
COLOMBO
39
SINGAPORE...
SHANGHAI ...
£44
£25
€21
£41
£22
£19,
£18 £12
12
£13
£11
£9
£ 6
ROUND THE WORLD tickets issued at Special Reduced Rates in connection with all the Trans-Pacifio & Trans-Atlantia Confar- enco Lines
ITALIA & COSULICH LINES Agents for the sale of through And independent tickets to North, Central and South American Torta via Italy.
THROUGH TICKETS TO LONDON 3 days - Special facilities for despatch by train "of heavy baggage with liberal free allowance.
INTERCHANGEABLE RETURN TICKETS with the Dollar Lines on very favourable conditions,
LLOYD TRIESTINO
Tel. Addr. "Lloydiano" P.O Box 143.
Telephones 32982/3. Caton Agenta: -DODWELL & CO., LTD., Shameen.
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Service
Through booking to America via Europe and Europe via America. Bookings around the world. Through bookings to London.
OUTWARD SAILINGS
LS. "PREUSSEN
for Shai., Tsingtan, Dairen, Taku, Moji, Kobe, Danka, Yokohama, Nagoya
..... 8th July m.v. SAUERLAND "for hai., Kobe, Osaka, Yhama.
Dairen, Taku, Tsingtao... 16th July *m.v. "RAMSES". .......for Shai, Dairen. Taku, Kobe,
Osaka, Y'hame, Nagoya...... 29th July "HOMEWARD SAILINGS
.. "LEVERKUSEN" for Marseilles, B'lona., Rotterdam,
Antwerp. H'burg...........8th July m.v. "RHEINLAND " for Mles. R'dam., H'burg. 23rd July +.7. "SAUERLAND" for Milea., Antwerp, R'dam, H'burg 14th Aug. + Passenger Vessel. Limited Parsenger Accommodation. For further particulars and passage fares, etc. apply to:- HAMBURG-AMERIKA LINIE
JEBSEN. & 00., AGENTE.
12, Pedder Street, Tel. 28363. CANTON AGENTS: CARLOWITZ & CO., Shakes Road.
S.S. BENVENUE "
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG, and LEITH on or about the 16th July..
il
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
Next Sailing for SHANGHAI & JAPAN
S.S. BENVORLICH July 7th
Tel 99633
For Freight und Passage apply to:-
CHITA
JAP
LI
W. R. LOXLEY & CO., (CHINA) LTD.,
#1
York Building. Agents:
1!
THE BEN LINE STEAMERS LTD.,
11
VISIT BALI AND
JAVA THIS SUMMER Special Round Trip Fares 1st Class HONG KONG-BATAVIA—HONG Kose H$275.
.i
HONG KONG-BALI JAVA-HONG KONG
H8450. HONG KONG-MANILA-HONG KON
H$135.
NEXT SAILINGS----
TO MANILA, MAKASSAR, BALI
& "SOERABAIA · ms. "TJISADANE " 7th July, 10 am
Tander Make Pier 9.00 a.su.
·Tander Follos Pier 938 am
TO BATAVIA DIRECT
TO AMOY & SHANGHAI
For further information apply; <
Holland China Trading Co.,
Canton H. Nolasco da Silva, Eaq,, Macao JAVA-CHINA-JAPAN LINE York Building.
MODERN
Tsi. 88015.
EXPRESS SERVICE
London
Priuancean News Servic=
CLEARING
AGREEMENT
› Hong Kong Daily Press" Specfat)
Berne, June 30
The German-Swiss Clearing Agreement of April 17 1935 has been extended til July 7, when it Is hoped that the negotiations now pending for the conĝlusion of B new agreement will be com- pleted...
Transveran News ServicK.
M
FRENCH FINANCIAL POLICY
Devaluation Not Proposed
ATTEMPT TO COAX. HOARDERS
London, June 17. With their Minister of "Finance, Vincent-Auriol, absorbed in preparations for his statement on- the national finances in the Cham- ber to-morrow, the Front Popu- laire Government found them- selves faced by a sudden and mys- terious alump on the Bourse of such proportions as could not be explained by mere uncertainty about the Government's plans. The made Esdal Investigations were and the Ministry of Finance were quickly convinced that a campaign of speculation based on the spread of alarmist rumours was on foot, The most damaging rumour was to the effect that the Government intended to make a compulsory conversion of Rentes. This was vehemently denied by M. Vincent- Auriol.
Even without this incident, it was expected that the Finance Minister's statement to-morrow would lack nothing in vigour. M. Vincent-Auriol Intends to lay be- fore, the country a complete and frank statement. of its present Anancial position, its assets, and Habilities, and the policies and practices which, in the eyes of the печ Socialist Ministers, have brough pubile finances to "their present pass.
POLICY OF EXPANSION
Buenos Aires
Silver (Spot
Silver (forward)
War Loan
194 19 13/16 106 1/8
19 11/15
Closing Quotations
Jane 30, 1938. Do LONDON:-
ü Telegraphic Transfer... 11/3 Bank Bills, on demand 1/18 Bank Bilis, 4 months'
sight
sight
ON NEW YORK:—
Bank Bills, on demand 321/16 Credits, 60 days' sight. 321
ON BATATA:—
On demand
464
1/30
ON PARIS:-
W
Credits four months'
Bank Bilis, on demand 183
1/313 16
ON BALDON:-
1064
ON SINGAPORE: ---
ON MANILA 1--
34
On demand
ON BANGKOK :--
1003
On demand
ON SHANGHAI: —
On Demand
On demand...
On JAPAN:
On demand
OF INDIA:
Telegraphic Transfer... 841
Bank, on demand....
GREATEST BETRAYAL OF TRUST
PROPOSALS FOR LOAN
TO ITALY.
(Special Air Mail Service)
Credita, month's sight $30
On demand
48
641
1451
**** 1/313/15 101
BOVELLIONS. Bank Buying
Kate
BAR SILVER, per Ol
ECONOMIC FUTURE OF SCOTLAND
NEED OF "INVESTIGATION
(Special Air Mail Service)
dustrial,
וי
London, June 18.
London, June 23. Lord Davies of Landinam said
The creation or an Economic yesterday that if the policy of the General Staff to attempt to find Government was expressed in the solution for Scotland's problems speech of the Chancellor It was was suggested by Dr. J. A. Bowie, clear that the Cabinet were out to Principal of the School of Econ- smash the League.
omics, "Dundee, speaking to the of the mine That, he declared in a speech at annual gathering the annual conferencë of the Scottish business clubs at Glene- Welsh Council of the League of agles,on Wednesday. Nations Union at Barry (Glavor- He suggested that a large and gan), was the greatest betrayal of authoritative committee repre- its trust by any British Govern-senting Scottish interests. in- ment in abdern times.
commercial, cultural, The infamy of the Hoare-Laval agricultural, distributive, and lab- proposals faded into insignificance our, should be formed, charged when compared with this latest with the duty of investigating and manoeuvre, which was, as the reporting on the present position Chancellor had admitted, a return and with initiating, assisting, and to the pre-war system of competi- co-ordinating forward movements. tive armaments and isolation adul-It would have the power of form- terated with military alliances. ing small committees devoted to The Government had capitulat-the study of particular branches ed to Lord Rothermere and Lord of econotalc and social life. They Beaverbrook, and whenever Mus- would be supported by a perman solini and his henchmen shook ent staff of experts whose duty it their fists the members of the would be to undertake original In- Cabinet bolted like a lot of rabbits vestigations in co-operation with of midsummer all the existing agencies in a post- another form madness.
tion to help. On a conservative estimate £60,000 a year would be needed, for a minimum 'period of Ove years,
"We used to be told that a max- ir of all British Governments was continuity of foreign polley, but the present Government has made three somersaults in the last 18 months," said" Lord Davies.
In some quarters it was now pro- posed to make a loan to Italy. What was this loan to be used for? Was it to assist in still further militarising that country and to enable Mussolini to conscript all the male population of Ethiopia?
It is unlikely, however, that M. Vincent-Auriol will propound any very revolutionary methods for the future ́or, indeed, that he has yet had time to turn general principles into detailed plans. For the mo- ment he and his assistants are content to refer the curious to the statements of M. Blum, who has described the Government's policy in general terms as one of econo- mic expansion, based on increased
LOANS TO BANKRUPTCY purchasing power for the masses. M. Vincent-Auriol said very firmly Italy was on the verge of bank- that he would not give a thought | ruptcy before she launched upon to devaluation so long as the this adventure, and since then had necessary funds could be obtained by other means.
poured millions into the Abysalman sink. What was the use of lend- ing money to a bankrupt country? It was only putting more money down the sink and helping to pro- long the rule of a burglar and rac- katter.
"We want a Scotland wiser and richer," he added, "of more leisure i and less idle misery, of greater be- auty and less squalor. If we And it dificult to point the road to the goal, is it not due largely to the tact that we hardly know where we are to-day?"
As an initial practical step, ha suggested that the Scottish busi- ness clubs should organise a con- ference on Bcotland's economia fu- ture to be held this year.
FORD PROFITS
£157,000,000 In 33 Years
a
13
PRESIDENT LINER TRAVEL SERVICE
Yours to Command
"Preskinet Liners" frequent sailings and their uniqus stopover Brielles Allow yoU, DE travel just sunetly sa you choose, And Dollar Blaamship Liyas and Americya Mail Lime worldwide biows and agents are maintained to serve you where in whatevir pisos y chanos to be. Make your next teip mori sujoyable, favelling “The Presidius Lizuwig,"
it
TO SAN FRANCISCO
Via Shanghai, Esbe, Yokobama. Honolulu. San Francisco, Panama Canal, Havana, New York. Pres. Coolidge 6 m. July 11th Pres. Lincoln 6 am July 29th Pres. Hoover 8 a.m. Aug. 8th "Pres. Cleveland M'night Ang 25th
EUROPE, NEW YORK
To SEATTLE, VICTORIA
Via Shanghai, Kobe, Yokohama, and Victoria.
Eres, Jefferson M'night July 3rd Prea. Jackson M'night July 17th Prea, McKinley M'hight July 31st Prea. Grant M'night Aug. 14th Prea. Jefferson W'oight Aug-28th,
MANILA
THE MOST FREQUENT
SERVICE
Next Sailinge
Via Manila, Singapors, Parang, Colombo, Bombay, Bues Cana), Naples, Genoa and Marseilles. Pres. Adan 8 am July 4th Pres. Coolidge Pres. Harrison 8 July 18th Pra, Adams Pres. Elayes 8 m. Aug. 1st Pres. Jackson Pres. Wilson 8am. Aug. 15th Pres. Barrison Pres. Monroe 8. Aug. 29th Prea, Lincoln
p.m. July 2nd
9 am. July 4th
6 pm. July 11th
8 m. July 17th
6 p.m. July 21st
MOST FREQUENT SERVICE ON THE PACIFIC
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
FIDDER BUILDING HONG KONG. CANTON BRANIK 2-4, SELENI MOAD,
BURNS PHILP LINE M.V. "NEPTUNA'"
due 1st JULY
PASSENGER & FREIGHT SERVICE TO AUSTRALIA
54
Next Sailing 4th JULY
for Saigon, Manila, Sandakan, Salamana, Rabaul, Sydney & Melbourne.
* Ret. rn: £76.
First Class Fare to Sydney:
Single: EX7.10.0d.
Passenger & Freight Agents
GIBB, LIVINGSTON & CO., LTD. P.&O. Building.
Joint Passenger Agents:-
Nippon Yusen Kaisha
King's Building.
CONSIGNEE NOTICES.
PRINCE LINE.
NOTICE TO CONSIGNEES.
FROM NEW YORK AND LOS ANGELES
THE Motor Yamel
* CHINESE PRINCE' having arrived from the above Ports on 28th Inst., Consignees of Cargo are hereby informed that their "Gooda are being landed at, rike into the Godown of the Hong Kong and Kowloon and Godown Company, Inmited Kowlon, and stored at Consignees" risk
and expense
PAL
bhafod, and damaged Good ars to be left in the Godowns, where
July, 1986, at 10 AM.
CONSIGNEE NOTICES.
SERVICES CONTRACTUELS DES
} MESSAGEBIES KABĪTIMES.
CONSIGNEE NOTICE.
8.8. FELIX ROUSSEL "
17′′A/36- BRINGING CARGO FROM
MARSEILLES, & AREIVED HONG KONG on FRIDAY, THE 267 JUNE, 1936,
CONSIGNIES are hereby informed that the goods with the exception of Opium, Treasure and Valuables are belog landed and stored into the Go Godown Co., Li, Kowloon, whence down of Hoog Kong Kowloon Wharf
After landing.
M. Vincent-Auriol was referring to the money hoarded in France, which is now estimated at some thing between 50,000 and 60.000 million francs (£880,000,000 and £800,000,000). If this boarded The policy of the Government money can be coaxed out of the should be directed to strengthen-
Detratt, June 17. stockings the Government believe ing the League, which was also Statistics of Ford prints in the
hitherto kept that they can obtain all the money
now the policy of the new French United States, they will need for the launching Government and would be sup carefully guarded secret, were re- of their economic policy. Their
ported by the vast majority of the vealed last night in a broadcast first object is to tap the hoarded small States in Burope, whose com- address by an official of the con-- funds, and they hoped to do this
bined resources were equal to those pany.
Since Mr. Henry Ford started IARC be examined, on Saturday, delivery may be obtained immediately by convincing the public that de- of the four Great Powers.
All Claims must be presented within Eation is at an end and that an
Regional pacts had already pro his business 33 years
15 Days of the Temel's arrival here, will be celebrated era of expansion has begun.
date they cannot be which ved to be unsatisfactory, They Event which The impression left by this con-
cognized. by-products of No Claims will be waisted after the versation was that the Govern- only detracted from the authority to-morrow-he has sold 24,500,000
and responsibility of members of motor-cars and ment intend to make a great effort the League. They could only be re- their manufacture for the huge Goods have let the end was to bring out hoarded capital, and garded as a trap for the unwary total of £2,500,000.000. Or this Goods remaining undelivered after the that will be the backbone of their and a signpost for the guilty.
16th July, 1986, will be subject to Bent, No Fire Insuranos has been affected. inancial policy in the early stages.
Bill of Lading will be soonfarsigned FURNESS (FAR EAST), LTD
2nd Floor, Hongkong & Shanghal Back Building. Daila 28165 & 28169.
Four out of the nve measures of
اجل
ago-20
£2,421,000,000 has been paid out for material, labour, and taxes,
From the remaining £109.000
social legislation approved by the "cuts" from the lowest salaries in the sum of £12,000.003 has to be Government were passed by the the civil service, and institute bald deducted in respect of commit- Senate this aftorpoon. They are holidays and collective labour con-ments made, taxes accruing, and wages talling due, leaving a profit the Bills which were to restore the tracts in industry. exemption of ex-soldiers pensions from taxation, remove the Laval
by
The Bill to enfore the 40-hour for the 33 years of production of Hong Kong, 28th June, 1986, week will be discussed to-morrow. approximately 8157,000,000.
All claims must be sent in to me on or before the 7th July, 1938, or they re-will not be recognized.
Damaged Package will be examined
the
by the Company Surveyor, Messi, Goddard & Douglas in the presence of the Consignees at 10.00 am on Thurs- day, 2nd July, 1938.
Consignees matist have a Bévenue Officer in attendance when any dúliable goods are examined by the Company's Burveyors
No Fire Insurance will be effected by us in Ang cang whatever,
B. ORL
Agent 14633 Hong, Kong 26th June 1936,