THE CHINA-SIAM
** **HIRAM “
LINE.
HONG KONG-BANGKÖK *... “HELIOS"{› leaving Hong Kong 7th July via Swatow leaving Hong Kong 18th Jaly via Swatow 5,6. "HELLAS" leaving Hong Kong 27th July via Swatow HONG KONG-SWATOW-AMOY 1.8. "HAI HING" leaving Hong Kong 7th July m.8. "HAI LEE” Tearing Hong Kong" 17th July - Accepting Passengers & Cargo for all the abure metioned ports, HONG KONG-SINGAPORE-PENANG-RANGOON Regular Express Service
.. "HAI HING" leaving Hong Kong 13th July m.a. "HAI LEE" leaving Hong Kong 23rd July Accepting cargo for all the above mentioned ports.
Excellent passenger accommodation available.
For freight, passage rates and all other information-Apply to:
THORESEN & CO., LTD.
Queen's Building.
Tel. 30237.
General Agents
S.S. "BENLEDI"
or
Sailing for LONDON,. ROTTERDAM, ANTWERP, HAMBURG and LEITH on about the 9th July.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
Next Sailing for SHANGHAI & JAPAN S.S. "BENMOHR ”
11th July.
For Freight and Passage apply to:-
W. R. LOXLEY & CO., (CHINA) LTD.
'York Building. Agenia':
Tel 22533
THE BEN LINE STEAMERS, LTD.
CALLENDER'S CABLE AND CONSTRUCTION COMPANY
DIVIDEND AND BONUS 20 PER CENT
The forty-first ordinary general; ximately £186,000. The board meeting of Callender's Cable" and able to recommend that the
HONG KONG DAILY PRESS, FRIDAY, JULY 2, 1937.
FINANCES OF
FRANCE
Announcement In Commons
NEW
YORK STOCK EXCHANGE
Now York: July 1
(Through Renter's Service)
New York/London Cross-rate New York Cotton-July Dec. New York Rubbor-July Chicago Wheat July Chicago Wheat Sept.. Chicago Corn
-July Silver Official
High
1038/7
4
Low Dow Jones Averages 19440 180.750 Industrials
6446 5.17 20 Haile
37.84 23.45 20 Utilities 108.89 99.54 40 Bonds
London, June xb. The monetary measures, “nnoun- ced by the French Goverment yesterday were the subject of a question in Commons. Replying. the Chancellor of the Exchequer said he understood that the French. Parliament was to-day dealing with the demand of the Chautemps Government for drastic powers to deal with the financial situation but until those powers had been obtained and action, taxen under them, it was impossible to state any details. He added. "It is gener- ally recognised that the readjust- ment of the franc in September
Stocks 1934 was not entirely successful ¦ Adams Express In re-establishing a lasting equi
Allis Chalmers librium between the economic
Amer, Can system of the French and those
Am. Car & Foundry of the
Amar. Cyanamid United States and Great Britain such as is the underlying
Amer. & For. Power Amer. & For. $7 pf. 48 object of the Tripartite Agreement.
Amer. Locomotive
RESIOVAL OF LIMITS
83.44 68.68 11 Commodity Indea 71.44
:
Amer. Metals
1+
1 M
Last sale
June 29" 30
I understand that measures now
Amer. Radiator contemplated by the French Gov-
Amer, Rollag 31 crnment which involve the Amer. Smelting moval of the upper and lower gold Amer. Steel Fdries... limits, now rescribed for the franc. Amer. Bugar...... 434 are addressed to adjusting this Amer. Tel & "Tel... 160 situation. I have been assured. Amer, Tobacco "B" 761- however, by the French Govern-Amer. Waterworks 16 ment that it is not their object to Anaconda Copper.... 50 seek any exchange advantage from Atchison, T. & 5. Fe. 75 this adjustment and, that they Atlantic Refining are anxious to continue close co-
Atlas Corpn. operation with the governments Auburn Motors..... of the United States and the Unit-
Baldwin Locomotiva ed Kingdom. This is also the strong
$7 cum. pf. .... 70 desire of the British Government
Baltimore & Ohio... 251 and I am in close touch with the
Barnsdall Oil... French Minister of Finance and
Bendix Aviation the Secretary of the United Trea
Bethlehem Steel aury with this object in view.”—
Boeing Airplane British Wireless.
Borden Co........................ 23 Briggs M'facturing 40 Brooklyn-Manhattan
Trans
June 30.
..18 OF
unchanged
Business Done:~690,000 shares,
او
13
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE Sailings
President Linero' frequent sailings and their unique stopover, privileges allow you to travel just panetly as you choose, And Dollar Eteamship Lines and American Mali Line worldwide offers and agents "are, maintained to with you sabore in whatever place you chance to be, Make your exi-trip more enjoyable, travelling "The President Line way.”
TO SAN FRANCISCO NEW YORK AND BOSTON Via Shanghai. Kobe, Yokokawa, Honolulu. San Francisco, Panama
Canal and HavaNA. Fres. Cleveland M'aight July 13th Pres. Coolidge Noon July 24th Pras. "aft M'night Aug. 10th Pres, Hoover Neon Aug. 1at Pres. Lincoln M'night Sept. 7th Pres Coolidge Noon Sept. 18th
EUROPE, NEW YORK
MAERSK LINE
TO SEATTLE, VICTORIA "THE EXPRESS ROUTE"
Via Shanghai, Kobe and
Yokohama Pres. McKinley M'aight July 2nd Pres. Grant M'night July 16th Pres. Jackson M'night July 30th Pres. Jefferson W'night Aug. 13th- Pros, McKinley M'night Aug. 27th Pres. Grant
M'night Sept. 10th MANILA
THE MOST FREQUENT SERVICE
Next Sailing.
88.m. July 4th
QUOTATIONS
-
Last Today's High Low Close Clows Change 4.93-3/18 4.93-11/16 † up 12.14 1204 19.16 12.04 12.97 19.0 12,16, 12.09 .07 oft 18.15 19.36.11 ap 199) 118 .191 118 2 off 110 123 120 3 off 1949
127 194
14)
off
June 29.
167.11
80.85
25,46 $9.04
High Low Close Change 170.02 187,00-100.31 221 up 51.46 50.80 61.34.80 up 18.3) 2687 26.31
78 up 99.95 .41 70.76 .88 of
Stocka
151
581 .92
601
96
161 Great Northern Rly. Great Western Sugar Holly Sugar Corpn
Last Sale June *29 30 477 48+ 35
35
1242 30
30
Humble ........... Int. Nickel ..............................
76
76 •
57
572
63
61
38
49 39
431*
454
184+
194
337
343
Int. Tel. 8 Tel, Int, Dept Storea Kennecott Copper Lambert Corps. ...... Loew's Inc. LoMilard
101
104
Via Manila, Singapore, Penang, Colombo, Bombay, Suez Canal. Naples, Ganos and Marsellles, Pres. Monroe 8 a.m. July 4th Pres. Monic Pres. Adama
∙18
- 181
501
60
112 12
Pre, Pierce
******* 741751
Sam Aeg 10th Fres. Coolidge 8am. Aug. 29th | Pres. Adlains Pres. Van Buren 8 a.m. Sept. 12th Pres, Jackson
Sam. July 18th Free, Cleveland M'night July 8th Pos. Harrison 8am. Aug. 1st Pres. Grant Pres: Polk
8pm. July 10th
9p.m. July 14th.
Am. July 18th
8pm. July 24th,
82..
83+
48
1801
762
201 Mcintyre Porcupine McKesson & Robbins. 43 Monsanto Chemical 863 Montgomery Ward .. Murray Corpn.
..201
43. 89
54
541
101
101
17
Nat Cash Registor..
912
32
524
Nat Dairy Products 187
187
781
Nat Distillers
281
281
271 18
281
154
15.
157
Nat Power & Light New York Central Niagara Hudson P.
Corpn.
9
..91
341
361
111
75 *
North American
22
224
Northern Pacite
274
274
234.
24
Pacific Gas & Elec
2911
291
Pacific Lighting
41
41
Packard Motors
81.
81
271
Paramount ..................... 1224
Pennsylvania R.R.
35
1244* 36
Phelps Dodge .............
20+
2011
69 *
6811
Phillips Petroleum Public Service of N.J. 371 Pullman, Inc. mängua Pure Oil
·534
64 36
171
181
157
100
12
Radio Coron of Am... Tă Republic Steel ....................... Reynolds Tobac, "B" 32
341
35
35
351
St. Joseph Lead Co.
63
02.
$2
951
971
Schenley Schenley 5% pf. ... Sears Roebuck Shell Union On Bocony-Vacuum
49 937- 28
491
11
Southern Cal Edison 24
88 27 271 187 197
232.
B2
Southern Pacifc... 41
431
571 13
581
13
481*
47
321
331
14 151
431
437
601
17
611
.61
174
Southern Rly 5% pf. 391 400 Stand Brands
12 113" Stand Gas & Elec. Bl 61 Stand Gas & Elec.
$ pl................... 381* 401 Standard Oil of NJ 844 851 Sterling Productà
62163 Swift International 271. 29 Technicolor
58- 587 Texas Gulf Sulphur 342 Tidewater Assoc. Oll 181 Tunken-Detroit Axie 201 Transamerica
100
35
161
201
127
13
1271 129
20th Cent: Fox Films 31
32
20th Cent. Fox Films
21 211
pf.
38 *
394
Agente. Hong Kong, 1st July, 1937.
HOP
55+ 57
1501 -153
Un. Carbide & Car-
bon
801
091
91
Un. Pacific
15
571*
-574"
United Aircraft Va. Airline Trans-
port
#123
26+ 2612
123
NOTICE TO CONSIGNEES.
15
157
United Corpn.
68 * .68'
United
Elec Power & Light 16
171
65
654
Corpn. #3 cump pf.
301 "361. Un. Gas Tprovem't" 117 117 Un. Light & power
"A"
5:
THE
recently.
Hatate. nen, Asphalt Gen Cigar Gea. Electric Gen. Foods... Gen. Motors Gen. Rallway Signal 42 Gillette Bafety Razor Gold Dust Glidden
Goodrich (B) Goodrich #5 pr. GoodyeRE
26+*
273
341
341
US, Industrial Alco-
hol U.S. Rubber"
20. 34
51"
637
37+
364
US Rubber 38 1 87 U.S. Steel
50 501 801
902
991
in 48†
494
43
..42..
Vanadium Warner Bros Pict... 12 Westinghouse Elec, 1371 Youngstown Sheet
26
201
121 143
38
777. 19.
37
& Tube 80 821 Chase National BK: 481* National City Bank 411**** 42***
464 Call Money
1%
Eid
Brooklyn-Manhattan
$6 cum, pf.
NOT ENTIRELY SUCCESSFUL London, June 30. The Frenen monetary situation was the subject of a statement by Sir John Simon, Chancellor of the Case, J Exchequer, in the House of Com-Canadian Pacific. 121 Inons to-day."
Sir John said it had been gen- erally recognised that the
Ie- adjustment of the franc last September was not entirely sue- cessful in re-establishing the last- ng equilibrium aimed at by the tripartite agreement.
were
Continuing, Sir John said he un- divid-derstood that the French Govern- ment was contemplating measures
Construction Company, Ltd., was end on the Ordinary stock should ! mvolving the removal of the upper
held on June 16 at the Waldorf Hotel Aldwych, London. W.C.. states the "Glasgow Herald."
Sir J. Fortescue Flannery, Bt.. H.M.L.. M. Inst C.E., the chair- man of the company, presided.
The Chairman said that, it had been his good fortune to present to the shareholders for 28 years the annual report and accounts, but he did not think he had ever had such satisfaction as he felt that day when he was able to sub- mit results showing such a splen- did advance on the business of the past year and constituting a re- cord for the company.
payment of a
be maintained at 15 per cent. for the eighteenth occasion, and that it should be augmented by the special cash bonus for this year only of a further 5 per cent, leaving £7600 more at £397.827 to be carried forward, (Applause.),
SIR TOM CALLENDER'S
STATEMENT
Sir T. O. Callender, the deputy chairman and managing director, said he would only add to the
!
¡ * * C * # * ¤ ¤ ⠀7-***** *** **** * *g* ** **⠀⠀⠀⠀⠀ ⠀⠀****¤ a g2 68€ £ € 308** • des
Celanese Carpa. of
America Cerro de Pasco Certain-Teed P'ducts Chesapeake Corp. 63. Chesapeake & Ohto 501 Chrysler Corpn..... Columbia Gas & EL 10F Columbia-6% "A" pl. 82. Commercial Credit Commercial Solventa Commonwealth & B
2} 21 Commonwealth $8 cum. PL.....crate Consolidated Edison Consolidated Of Continental 01 Corn. Products Curtiss Wright (C) Curtiss Weight "A" Del Lackawanna & Delaware & Hudson
141 151 Western ... Distillers Corpn Bea- London, June 30.
ETADOS second reading to the bill provid-Electric Boat
The House of Commons gave Du Pont
Douglas Aircraft
and lower gola limits now pre- scribed for the French franc. The French Government has assured him, however,
"that it was пот seeking any exchange advantage and that it would continue in close co-operation with
United States and British Governments. This was also the strong desire of the British Governmentin Reuter.
the
NO DIVISION
of the company and its widespreading for the £200,000,000 increase ec. Bond & Share 141
III
chairman's statement a few words in regard to the overseas business
connections all over the world. In
the Exchange Equalisation Elec. Bond & Share Fund to-day without a division. India, shortly after the completion of the Uhl River contract, the Gov-Reuter
35 pt. ernment of Madras had placed with the company large overhead
Elec. Bond & Share
$6 pf.
contracts which were now in PHILIPPINE
course of execution.
In addition, the progressive II. dian State of Travancore had
Elec Power & Light
$7 pf.*
MINING NEWS Fucstone Tire & R
Although organized
MOST FREQUENT SERVICE ON THE PACIFIC
-
DOLLAR STEAMSHIP.LINES
* AMERICAN MAIL LINE*
!!
PYDAIE EUZLODNG-HỒNG KONG
CANTON BRANCH -9), FANCH CONCESSION, BHAMEEN.
CONSIGNEE NOTICES.
NOTICE TO CONSIGNELS
THE M.V.
NIEL MAERSK " haring arrived from New York and Porte of call. Consignees of Cargo are hereby notified that their goods are. being landed and placed at their risk into the Hong Kong and Kowloon Wharf & Godown Company's godowns at Kow loos, where delivery may be obtained as soon sa the goods are landed...
Optional cargo will not be landed here, unless notice has been given 48 Hours prior to veasel's arrival, but 931 carried on i from port to port to the final of call to which the cption
extends.
No Claims wil be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 8th July, 1937; will be subject to Bent.
All broken, chated, and damaged Goods are to be left in the Godowns, where they will be examined on 7th July, 1987, at 10am. by our Surveyor Capt
Walter C. Weston.
To comply with the General Bonded Warehouse Regulations consignees must have a Revenue Officer in attend auce when damaged dutiable goods are
examined.
All claims must reach us before the 1st Aug, 1937, or they will not be ... recognised.
No Insurance will be effected
Bills of Lading will be countersigned by
JEBSEN & Cb
CONSIGNEE NOTICES.
COMPAGNIE DES MESSAGERIES. MARITIMES
CONSIGNEE NOTICE.
3S "MIN" 8°AK0/37.
BRINGING CARGO FROM DUNKIRK via porta, ato.
ALIVED HONG KONG on TUÊS- DAY, THE 20TH JUNE, 1937,
CONSIGNEES are hereby informed of Opium, Treasure and Valuable are that their goods with the exception being landed & stored into the godowa Godown Co., Ltd, Kowloon, whenes of the Hong Kong Kowloon Wharf and
after landing. delivery
may
be obtained immediately All Rains must be sent in to me on or before the 10th July, 1937, or they will not be recognized.
by the Company's Sorveyors Messrs. Damaged Packages will be examined Goddard & Douglas in the presence of the Consignees at 10.00 am. Monday, the 6th July, 1937.
Officer in attendanos when any datiable Consignees must have a Revizne goods are examined by the Company's Burveyors.
No Fire Insurance will be affected by as in any case whatever, »
JOBARD GAPANY,
Agent Hong Kong, 29th June, 1937.
PRINCE LINE.
(5.397
FROM NEW YORK AND LOS ANGELES
THE Motor Veassi
SIAMESE PHINCE! having arrived from the above Ports on 37th instant, Consignees of Cargo are hereby informed that their Goods an being landed at their risk into the Godowns of the Hong Kong and Kowloor Wharf and Godown Company, Limited, Kowloon, and stored at Consigness risk and expenas.
All broken, abafed, and damaged Floods are be left in the Godowns, where they will be examined on daturday, 3rd July, 1987, at 10A.M.
All Ulaims must be presented within 18 Days of the Vol's arrival here, after which date they cannot be re cognised as
IMPORTANT CONTRACTS During the year tue plant in the supertension cable shops had been actively employed, having been called upon to supply cable for 66,000-volt working of both oil-all- ed and solid impregnated types in; the Metropolitan area, in addition to important 33,000-volt contracts in the provinces. They had also placed a somewhat similar but commenced work on an important, even more extensive contract for 132,000-volt overhead transmission the construction of overhead lines. Mine Factors, Inc., now has eight line in the Midlands for the Ceang business they had had very agement.
and over and above their contract-mining properties under, its man- tral Electricity Board,
These properties, have They would and distributed in Important orders from several of been selected from many that had the local Indian companies with been offered. Their selection has their seats a copy of a paper by whom they were closely associated been made in line with the estab two of the engineering staf upon the research department's latest Their general business in the East lished policy of the company to op. had included a substantial amount erate only in districts that are development in 200,000-volt im- pregnated pressure cable. During of steel towers and bridges Bus known to be mineralized. the last 12 months there had been ness in Australia had lately Im-" Omcials of the company belleve evolved two rather interesting fea-proved considerably, and from New that these properties have great tures One was a unit construc-Zealand their agents had sent sub-probability of turning out to be tlon bridge made under the Cal-
stantial and important orders. The true prospects. Besides these pro lender-Hamilton patents suitable company's shipments to South perties, the company is now nego- mines, has been sent by the com- for employing in circumstances Africa during the past year had tiating with several other compa-pany to take charge of the work where it was not necessary to erect been heavy and increasing, and nies to manage and operate their being done there, including exam- though business was stili difficult mining holdings on a profit sharination and plans preparatory for to obtain from South America fing basis in some cases and on a final operation. Shipments are ex-
secured several satis fee basis in others. they had
Paris, June: 90," pected to be made from these cop- factory orders. Considerable bust-
The first increase in prices aa.re- mess had resulted in Palestine in tract with the Santa Monica Gold
Mine Factors has closed a con- per mines in seven or eight weeks.sult of the financial crisis has been Burman, and elsewhere, both in fields, Inc., for a monthly super-
SIBUTAO GROUP
announced. Their Anchor Works at Leigh, connection with all developments visory engineering service at a saopment by the company is the at-cided to raise the price of water
Another
group now under devel-
The City of Paris yesterday de Hong Kong, ith June, 1987. where cables insulated with rubber and electrical works, and their busi- tisfactory price or fee. This con- butas Group in Zamboanga, Ste-rate to go into force to and material other than paper nees in Egypt and East Africa wastract became, operative on April phen Zaldok, geologist, is now on Transocean News Service
from 1.55 to two francs, the new also improving most satisfactorily. 15, 1937. The company is sending the property attending to prelim Considerable orders, had gone to a group of its men there to super-inary plans for development. The Mombasa, and after a period of vise the work which, according to group consists of 84 claims of cop- stoppage the Sudan area was re-reports received in the city, is proper running high assays and con- subprovince of Glenguet where the commencing. Generally speaking, gressing satisfactorily, wherever it might be whether in the dependencies or the islands at- tached to the British Crown, the GROSS PROFITS
company was keeping the conner The gross profits for the year tions it had made. were 833.640 as compared with The report and £647.515-an increase of appro- | unanimously ad
a large bridge, and there was also B. special, form of light semi-por- table aeroplane hanger for the Air Ministry, of which seven had been erected in different parts of the country with entire success.
were manufactured, had been ex-
centionally busy, and their com- pany had been entrusted with a large share of the cables required for the new glant Cunard-White Star liner, the sister ship to P.M.S. Queen Mary,
1 CUTAPIAO GROUP The Cuyaplan Group containing rich copper deposits, also has been acquired by the company. It is lo- cated In Antique. Gaston Bacel, accounts were an Italian engineer who has had considerable experience in copper
HIGH COST OF DRINKING!
(3896
SERVICES CONTRACTUELS DES- MESSAGERIES MARITIMES
CONSIGNEE NOTICE.
8.84 PRESIDENT DOUMER" -10′′A/37. BRINGING CARGO FROM MARSEILLES, via Porta ete
ARRIVED HONG KONG o« SATUR DAY, THE 26Tn JUNE, 1937.
YONSIGNEES are hereby informed that their goods with the exception
of Opium, Tressure and Valuable re being larded and stored into the Go downs of Hong Kong, Kowloon Wharf Godlawn Co., Ltd. Kowkon, whence delivery may be obtained immediately after
landing, an
All cisims must be sent in to me on or before the 8th July, 1937, or they will not be recognized, fejembes
Tamaged Packages will beexamined Olims will be admitted after they the Company Surveyor, Mesara, Goods have left the Growns, and Goddard & Douglas in the presence of Goods remaining undelivered after the the Consignees at 10.00 mm. on Fri 5tb inst., 1937, will be subject to Rent
day, the 2nd July, 1937 No Fire Insurance has been atracted:: Bills of Lading will be countengsed
FURNESS (FAK KAST), L/TD.,
2nd Floor, Hongkong & Bhangbai Bank Building
DIL 23155 & 2310945
HAINAN MINES
Development By Private Capital
Consignees must have a Bevense Officer in attendance when say dutieST godds are sxamined by the Company's Barveyors, E
No Fire insurance will be affected by fis in soy case whitever,
JOBARDA GAPANY,
Boar Kong, 26th June, 1937.
the south of Mr. T. V. Boong, head? of the National Economic Council taining considerable gold and silhe conducted geological examing-
It is understood that the Central ver. According to reports received tons on the Beneng, Sayo-Fland this group holds great promise for groups, which also are under dev-
Government will be respon the future with the high assays of elopment by the company Results
the development of its copper and the amount of gold are reported to be encouraging Hainan Island are expected to tion, Private Chi
ways, harbors and what Plans for the development of bland, accordin and silver found in it
and work on them is being pushed materialise, according to the "Sin capital will look by other men asigned by the com- Chew Jit Poh," in the near future ment of the salt pany.
as a result of the present it to fish
Mr. Zaldok previous to his de- tall to Zamboangs, had been to the