IN
NEW YEAR
SINGAPORE
£15.0.0 RETUN TOURIST CLASS £20.0.0 RETORN FIRST CLASS
S.S. SCHARNHORST.”
LEAVING HONG KONG
DUE MANILA
DUE SINGAPORE
DECEMBER Yo DECEMBER 27 DECEMBER 31
S.S. "POTSDAM"
15.
LEAVING SINGAPORE
JANUARY 6 JANUARY 10.
JANUARY 12
Telephone 97772."
DUE MANILA
DUE HONG KONG
Queen's Bldg.
MELCHERS & CO.. Agenta,
NORDDEUTSCHER LLOYD
BREMEN
Canton Agents Jebsen & Co., Shamees, B.C.
S.S.
"BENLEDI"
Sailing for LONDON, ROTTERDAM,
ANTWERP, HAMBURG and LEITH on about the 9th January.)
Dr
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
Next Sailing for SHANGHAI & JAPAN
S.S. BENLAWERS"
For Freight and Passage apply to:-
Tel. 22533.....
24th Dec.
W. R. LOXLEY & CO., (CHINA) LTD.,
York Building. Agents:
THE BEN LINE STEAMERS, LTD.
PHILIPPINE MINING
NEWS
A 300-ton mill has been ordered, shaft The finding of these veins. for the Lepanto Consolidated Min- and the fact that they carry values ing Company's property by Nielson at this depth, is very significant and Company, Inc. operators of
as it shows possibilities of finding the property, according to a recenture bodies at this elevation. statement made by officials of the company.
received
Engineering reports. from the different properties un-
Another vein which showed strong mineralization and erratic values at zero level will be cut at a projected distance of approxim- der the management of Nielson in-átely 30 feet from the shaft. Duo terests are very encouraging.
to the fact that good values were
PARACALE GOLD
found in the veins cut by the shaft, the possibilities of finding ton sistent values in this vein are ex- cellent. If further exploration work
Results
this vein carries values, enough ore will be available to warrant the ordering of a mill.
Reports from Paracale -Goid state that all pneumatic equip- ment has been set on the Hotel area and
proves that has been in operation during the past month. show the vein to be spotty, but pos- sibilities are very good of finding an ore body. This is one of the few areas in Paracale which can be developed to a considerable ex- tent by tunnels.
At the present time three cross- cuts are being run to cut the ore bodies, the lowest of which is 230 Teet vertically below the outcrop The upper tunnel which is 50 feet 'under the outcrop, has already in- tercepted the vein and shows an average of $7.00 (oid price) over a width of four feet.
At the present time, an assay la- poratory is being erected and will be completed during the middle of November.
LEPANTO CONSOLIDATED The first mill to be erected by the Nelson Interests will be placed on the property of Lepanto Con- solidated Mining, Company. This is a copper, gold and silver pro- perty located near Suyoc in the Mountain Province.
The
This mill, which will have a ca- pacity of 300 tons daily, will treat The middle crosscut, about 70
ore by the flotation process, feet under the upper tunned, has
concentrates will be trucked to the to be driven approximately 50 fert port of San Fernando La Union, before cutting the projected post-where they will be shipped. Con- tion. of the vein. Beveral small
tracts have been entered into for parallel
which show stringers
the marketing of the product, spotty values have been cut. These will be developed after more def- inite data are gained on the area. The most encouraging results to date have been obtained from the Fortuna area of the Paracale Gold property. Assays have shown a consistent value of $6.80-cold price) over an average width of four and one half feet.
Further development in this area will be carried out by shafts. Equipment for pursuing these
· operations 15, being moved into the property at the present time.
The major equipment for the plant has been ordered and, instal- lation will be started upon its ar- rival within 60 days. A crew of men are at present working on ex- cavations for the millsite. · Away laboratory, bodegas, staff and labour quarters as well as other, ne- cessary buildings are in the course of erection at the present time: "The mineral deposit on the Le- panto property is one of the oldest known in the Islands and has been worked for centuries, frat by na- tives and Chinese and I later Years by the Spaniards.
PARACALE GUMAUS Reports on Paracale-Gumaus Extensive operations were car- state that the shaft will reach the rted on by Spanish Interests over a 200 foot level within the next few ❘ period of more than 25 years with" days. As soon as this point is profitable results. Remains of the Teached; a station will be cut and old smelter, used, by the Spaniarda w crosscut started to cut the are still to be seen on the pro-
Waterfall vein.
perty."
HONG KONG DAILY PRESS, WEDNESDAY, DECEMBER 16, 1936.
JAN
FUTURE OF CHINA
A Land Of Rapid Change
SIR F. LEITH ROSS ON TRADE DEVELOPMENT
Sir Frederick Leith-Ross, Chief Economic Adviser to the British Government," addressing a lun- cheon party at the Royal Empire Society recently, on his recent rmission to the Far East, express- ed a hopeful view about the future of China and the possibility of Anglo-Japanese co-operation in assisting Chinese recovery. Sir Archibald Welgal, chairman of the council of the society, pro- sided.
en
0.
Sir Frederick Leith-Ross sald he Was distinctly optimist about the future of China. Ho believed that country, with its vast area and Industrious population, had a great future, and that, given a period of peace and good govern- ment, the possibilities for trade there were immense. He also feit that the development of a pros- perous and stable China would da more than anything else to help Japan to overcome her economic dimculties. He believed this was becoming realized 11 Japan, and that the time would come when Britain and Japan 'could Co- operate together with the Chinesej Government in promoting "recon- | struction in China,
China, instead of being a part. of the "unchanging East," was to-day place where rapid changes were introduced and car- ried through. During the past five years the Central Govern. ment had initiated and carried out schemes of reform and of de- velopment in China on an im- mense scale. This applied not only to practical programmes of railway construction and land settlement, but also to legislative reformis. There was much that remained to be done; but in his view the danger was
that not China was progressing too slowly, but that in her anxiety to re- habilitate herself she was trying to go too fast.
J.
NANKING GOVERNMENT'S
WORK
NEW YORK STOCK EXCHANGE
(Through Bauter's Service?,
New York: Decuiiber 15.
QUOTATIONS
New York/London.Cross-rate New York Cotton--Mar. New York Rubing--Alar. Chisago Wheat-May Chicago Corn -May Silver Official
Dow Jones Averages
30 Industrials 20 Baile
Last Today' High Low Close Close Change
4,00-9/32 4,90-91/33 up 1248 124 12.38 19.43 .03 up
19.38 16.02, 18.97 19.90
,33,, up 120 1961 1948 13826 up 100 103) 100 1054 a up I up
1636
W
High Low Ded. 13. 188.39 143,11 180.02 80.48 40.38 4.83
90 Utilities
40. Bands
38.16 38.3 15.1 106 01 98.92 10601 11 Commodity Index 78,34 65.58.7654
Dec. 14. Righ Low Close 189,87 180.74 181.67 50.18 84.63 84.89 36.12 35.09 35.61 105.90 77.87 Business Dona: -2,670,000 shares.
Stocks
. Dec,
Stocks Adams Express
Last Sale Dec. 12 14..
143
757 110
331
71
057
54
· 1143
Allis Chalmers...... Amer, Can Am. Car & Foundry Amer. Cyanamid Amer, & For. Power Amer. & For. $1 p. 594 Amer. Locomotive ... 44 Amer. Metals
504 Amer, Radiator ... 24 Amer, Rolling M... 354 Amer. Smelting Amer. Steel Farles. 597 Amer. Sugar amou Amer. Tel. & Tel... 188 Amer, Tobacco "B" 97 961 Amer. Waterworks... 251 Anaconda Copper ... 502 Atchison, T. & 8. Fe: 713 - Atlantic Refining ... 30元 Atlas Corpn. Auburn Motors... Baldwin Locomotive
$7 cum. pl. ......... 837 Baltimore & Ohio... 221 Barnsdall Of Bendix Aviation ... Bethlehem Steel ...... 731 Boeing Airplane Borden Co,
18#
323
217
352
261
Briggs M'facturing 59 Brooklyn-Manhattan
Trans
Brooklyn-Mannattan
54.
น
se cum, pf. IUI Case, J.I. Canadian Pacine Celanese Corpn. of
America
1531
134
281
Cerro de Pasco ...... 684 Certain-Teed Fducta (14) Chesapeake Corpn. 86, 871 Chesapeake & Ohlo .671
..... 123
601
141
401
891
ཨྰཿཎཏྟཱ བྷཨྰཿཏྲྰཾཨྰཿཨྰཿགྷཊྛཱཨྰཿཨྰཿâeནྡྷž ཚོསྶསྶ བྷུ# a īaབྷོ ཨྰཿeaཎྜཊྛ#ཙཱཉྩ ཊྚཔྤནཱིཀྑeཐཱབྷོཏྟཱ ཙྪཱཙྩཊྛཱནཱསྶ ཊྚ, 3 ཝནཱ ཨྰཿནོམྦདྷོ ཚོaསོ༔
CONSIGNEE NOTICES.
HAMBURG-AMERIKA, LINIK
NOTICE TO CONSIGNEES.
FIHEEM.V.
"SAUERLAND" having arrived from Hamburg and Forts of call, Consignees of Cargo are hereby notified that their Goods are being landed and placed at their risk into
13
CONSIGNEE NOTICES.
NORDDEUTSCHER ELOYD BREMEN.
Tas Steamer
FRANKEN "L: 'having · arrived, from BREMEN, HAMBURG and Ports, Consignees of Cargoare hereby notified that their cargo is being landed, at their risk into the Godowas of The Hong Kong & Kowloos Wharf and
the Hong Kong & Kowloon hero'de]]dati Co., Ltd., Kowloon,
Godown Company's godawan at
een
The SANT SANKEN
o be obtained.
further notified bak
where delivery may be obtained as soon the as the Goods are lauded
Optional Cargo has been given
Uhange
here,
.06 up 31 off 30 H) .ll off 1.63 up
Last Sale
12 14 Great Northern Ely. 41 Great Western Bugat 40
Holly Sugar "Corpn. Humble Of
Bat Nickel
4
741 621 83 121 12 34
75
34
60
Int. Tel & Tel. Int. Dept Stores ... Kennecott Copper 69 Lambert Corpn. .... Loew's Inc. in Lorillard
191 104 631 641 231 22
McIntyre Porcupine McKesson & Robbins 454 454 Monsanto Chemical 90 994 Montgomery Ward -.. 654 852 Murray Corpn. 181 181 Nat Cash Registor 301 301 Nat Dairy Products 231 231 Nat Distillers
294 292 Nat Power & Light 114 13 New York Central Niagara Hudson P.
Corpn.
North American
Pure Oil
+99
*** 2⠀⠀***** *******:* ====*=*=*C÷C*-**¦¤¤•«****** ********** * *** ** ** * *****fe dan
uulose Notice
48
port-
haz
not be landeden HAMB BU and BREMEN
through cargo for HONG KONG B.S. Box and 8.8 Lux" fremme, hours prior to Vessel's kivíval, but carried DRAMMEN and VIIPURI. on from port to port in the final of
call to
option extends which the No Claims will be admitted, after the the 19th Dec, 1998, will be subject Goods have left the Godawns,
to ad Goode remaining undelivered after the 18th Dec, 1936, will be subject to Bent.
اله
All goods remaining undelivered after
rent
NO FIRE INSURANCE wil. affected by us in any case whatever.
Damaged packages must be left in the examination by the con- godown for
Anderson & Ashe, st 10 am. on and the Company's surveyore, the 18th Dec., 1938,
All broken, chafed and damaged Goods are to be left in the Godowns, where We they will be examined on 17th Dec, 1435, at 10 am, by our Surveyara, Messrs. Goddard & Douglas.
То Warehouse Hegulations consignees munt have a Revenue Offer in mitendance when damared dutiable goods are examined
comply with the General Boarded must have a Hevenge
All Claims must reach us before the 11th Jan, 1937, or they will not be recognized.
No Insurance will be affected. Bill of Lading will be countersigned by
JEBSEN & 00
Agents
Bong Kong. 11th Dec, 1936"
148*9.
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO, LTD..
CHINA MUTUAL STEAM NAVIGATION, QO., LTD.,
ONSIGNEES
AZED AN
per Co's Vessel "PHILOTETES "
FROM UNITED KINGDOM
VIA SINGAPORE are borsby notified that their Cargo will
into be discharged.
Holt Whad, Kowloon, where it will his at Consiguses' risk and subject to Terma and Conditions of Storage at Helt Wharf, The Cargo will be ready for Delivery from Godown on and after 11th Dec.
unless
Options Cargo will not be landed here. Notice has been given prior to Steamer's arrival, but carried on from port to to the Gual port of call is
| option extends. which
in attendance when damaged goods are examined by the Company's surveyor.
No
claim
will
be admitted after the
geods have left the godown and al claims mast be presented within Two Weeks of the ship's arrival here, after which date they will not be recognised
Consigneen are requested to surrender for countersignature. their Bill of Lading to the undersigned
MELCHERS & Çompr
Agante NORDDEUTSCHER LLOYD BABEER. Hong Kong, 12th Dec., 1976. (4894.
CONSIGNEES NOTICE.
THE BEN LINE STEAMERS, LTD.
FROM LEITH, MIDDLESBRO.
VANTWERP, LONDON
AND STRAITS.
The S.8. "BENLEDI,
TONSIGNEES of Cargo are hereby
informed that all Goods are being landed at their risk into the hasardens and/or extrs hazardous Godowns of the Hong Kong and Kowloon Wharf and Godown Co Lide hence and/or from the wharves Delivery may be obtained.
No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 19th Dec., 1936, will be abject to Bent.
All Olaims against the Steamer must All broken, chafed and damaged Goods be presented to the Undersigned on or are to be left in the Godawns, where before the 2nd Jan, 1937, or they
be they will be examined on sny Tuesdays | will not and Fidays between the hours of то
recognized.
Warply
with the General· Bonded
.10.45 M. and Noor within the Freak havo Hsvanus Officer in attendance
Regulations, consignees must go period. "Onima will be admitted after the when damaged dutiable goods are Goods have left the Biesmer's Godown, examined and all Goods remaining undelivered after the 19th Dec, will be subject
to Rent.
All Claims against the Steamer must be presented to the Undersigned, on or before the 2nd Jan, or they will not be recognised.
No Fire Insurants will be effected
'BUTTERFILU Á SVIRK”
Agents. 12th Dec., 1936
{4877
44
161
31
314
リ
Phelps Dodge
Northern Pacite ... Pacific Gas & Bec, 36 Pacific Lighting Packard Motor Paramount Pennsylvania: R.R.
Phillips Petroleum.. Public Service of N.J. 472 48 Pullman Inc.
201 211
367
481
482
11
221
221
403
41
521
59
471
472
521 627
19
18
Radio Corpn of Am. 12 Republic Steel ........ Reynolds Tobar. "B" 584
12
287 291
584
St. Joseph Lead Co. deleted - Schenley Schenley 51% pr.... 074 072 Sears Roebuck
521 523
90+ 90
Shell Union Of Socony-Vacuum Southern Cal Edison
287
152 154
201 291
Southern Pacifc
427" 42
Southern Rly-5% p. 50151
Stand Brands
151 151
Stand Gas & Elec.
81 91
Stand Gas & Elec.
ITDI. İ
581
Standard Oil of, N.J.
662
Sterling Products'
711
711
Swift
International
314
Technicolor
22 -22
Texas Gulf Sulphur 394
391
Tidewater Assoc. – 011
191 20
47
- Timken-Detroit' Azle
25 24
Transamerica
278
174
20th Cent. For Filmna
104
37
377
20th CentFox Films
RUBBER DEALERS
Douglas Aircraft 742 Du Pont
251
pi.
451* 461
On. Carbide & Car-
bon
1801
102 103
12
Un. Pacific 131
1314
United Aircraft *
212
231
201
Un. Airline Trand
port
691
171
United Corpn.
71
791
80 #
234 241
377
3721-
504*
51 524
United
cum pi. Un Gas Iprovem't- Un. Light & power
*\": US Industrial Alco-
bol US, Eubber
Corpn.
$3
441
143
41
392
401 462
39%
UB. Rubber 18 pf.
961 987
UB. Steel
761 781
Vazadium
241
.25
157
244.241
Warner Bros Pict, Westinghouse Elec.
17 17
1483
148
Youngstown Sheet
134
& Tube
817
331
Chase National BK 141 45 t
241
National City Bank 578 38 *
287
Call Money
.1%
:.1%
• Bla
When he left China in June Chrysler "Corya. there were many prophets of Columbia Gas & El. 171 gloom; but, in fact, all bad gone Columbia 8% "A" PL. 103*" well. The Nanking Government, Commercial
Credit 691 which, he believed, had the sup- Commercial Solvents 173 port of public opinion, had done Commonwealth & 8.
31 a tremendous amount, in face of Commonwealth $8 great difficulties and without
cum. pf. external help, to reconstruct the Consolidated Edison 454 country after the long period of Consolidated O civii atrife; and they might hope Continental Oil that this Government, under
Corn Products ... General Chiang Kai-shek, would Curtles Wright (C) »
B1 continue long enough to consoll-Curtiss Weight "A"
201 date the administration on $ Delaware & Hudson stable basis and evolve a constitu- Del Lackawanna & tional system which would main-
Western tain that stability in the future. Distillers Corpn Bea.
Within a few months of leaving the silver standard. China's ad- verse balance of trade had been corrected, and remittance from Overset increased. Chobna probably now, anything, a creditor an current international account, This year she had had a "banner" harvest, which should enable her to dispense with Am-: ports of cereals and to increase her exports of agricultural pro ducts. This would give ber larger resources for the purchase of manufactures of all kinds which she needed..
ike
.
Was
Electric Boat Elec. Bond & Share Elec. Bond & Share
$5 på....... Elec, Bond & Share
$6 pf. Elec Power & Light Elec Power & Light
$7 pt.
342 Firestone Tire & R
384 40 Fiinikote Gen, Asphalt Gen. Cigar **** Gen. Electric
The currency reform of China
Gen. Foods ********* - 68+ needed to be completed by a.reor-
Gen. Motors 54 ganization of the Central Bank. The Budget needed to be balanced, Gen. Railway Signal Gillette Safety Razor and the public services reformed and strengthened...
All those Glidden measures took time, but he be Gold Dust***********
leved the Government were work- Goodrich (BF) ing
The right lines.
Goodrich $5 pt. fundamental conditions for a de- | Géodyear velopment of trade were present,"
1 x div. and he believed that British manufacturers should do all they could to maintain their position in China A prosperous China was the largest undeveloped mar- ket in the world for manufactured goods.
REICHSMARK RATES
Berlin, Dec. 14. The Reichsmark was quoted, (without guarantee), at:
New York 40.24 W Parts
**** 865. Amsterdam...73.90 to 73.93 "London"
22.18) Paris Sterling 105.15 to 105.18 USA. Dollar 21.441 10 21.444 Transocean News Service.
Bince the American occupation, This crosscut will have to be driven a distance of 650 feet and many American engineers have will intercept the vein at approx- ; examined, the property. Most of imately 200 feet vertically below the reports rendered by these men the zero level.
were very favourable in view of the sibility to the property and lack of metal content but economic candicapital retarded, the development. tions at that time such as inacces- of this propert
Two veins which showed com- fercial values were cut in the
BANK PRESIDENT TO RESIGN
Basle, Dec. 14.
ITALIAN WAR DEBT TO AMERICA
Rome, Dec. 14.
CAUTIOUS
",,:::;
London, Dec, 14
The "cary appearance of excel- ient American rubber consumption figures for Novembar, which ard.j considered to have been most udiciously timed, exercised, very attle effect upon the prica of the commodity owing to the extremely cautions attitude adopted by traders pending to-morrow's "In- ternational Rubber Restriction Committee meeting.
Prominent rubber tradera point
All benken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 17th Dec, 1838 si 9" by Hears. Carmichael Olack, jaz vi
hy
No Fire Thadranod has been offerted. Bill of Lading will be countersigned..
1
W. B. LOXLEY & CO. (CHINA) LED.
Agents.
[4878 Hong Kong, 14th Dec., 1936.
SERVICES CONTRACTUELS DES
MESSAGERIES MARITIMES.
WITH CONSIGNER NOTICE
BS. " D'ARTAGNAN”. TA/37.
BRINGING CARGO Fron MARSEILLES :via Ports, etc.
AIMITED HONG KONG OF ERIDAY, 11 DEC., 1936.
YONSIGNEES are hereby informed figures undoubtedly add interest of Opium, Treasure-and Valushies are to the outcome of the Combeing landed and stored into the Go
downs of Hong Kong, Kowloon Wharf mittee's deliberations.
In this connection It is un-delivery may be obtained immediately
& Godown Co., Ltd., Kowloon, whene animously felt that the Committee after landing, led tara:38 121 will release an additional five perAll claims must be sent in to me on Lent, of production for the first or before the Sind Deo.
or they even look for a 10 per cent ad aged Packages will be examined
by the Company U vance in order to placate com Goddard & Douglas in the provenes of yu Surveyor, Hossra, plaining American consumers the Chungheed ke 10:00 am. on Thurs- Reuter
must Have a Esvetus Officer in attendance when any dailable goods are examined by the Company's Barrejors
our that the intest American Oftast the goods with the exception
three months or 1837, and some will not
will not be recognized. 1936,
LADY GILBERT PASSES"
London, Dec. 13.
**Dec 1986.
4
No Fire insurance will be effected by us in any case whatever.
Italy will again default in pay- The death is announced of Lady Hong Kong. 11th Dec, 1936. ment of the yearly instalment of Gilbert, widow of air W. &. Gilbert, her war debts to the United Sta- of Gubert and Sullivan fame- tes, which is due on December 15, Reuter according to an official note of the Italian Government to Was- hington, which states that Italy is not in a position at present to make the paymant Transocean Nevi Serviss
The President or the Bank for Internationas" Settlements, Dr Trip will resign from his post at the end of the current financial year, according to an announce ment made after the meeting of the Administrative Council here, on Monday morning. The announce- ment, adds that the Council ac- cepted the resignation with the greatest regnet and decided to pro- pose to the general meeting of the bank in 1937 thail the statutes of
tends to appoint the present de- the bank be altered in such a way puty President of the Bank, Dr. as to permit that a "ron-member Bayen, na successor to Dr. Trip of the Administrative Council may who accepted his appointment to be appointed Prident of the bank, the Presidency of the bank in After the statutes have been alter... 1935... ed to this fi
the Counel in- Transocean News
IN WIRELESS TOUCH
The list of the ships expected to be in wireless communication with |Hong Kong Radio:
Eng/Lee Yuki Mar Foraine, Ayah Jang, Blksworth, Bons Blang, G.G. Paul Doumer, Ban rang, Maru, Kut Bang, Hong Kong Maru, Kronviken Beaver Eulal press of Japan, Toko press of Arla, and
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