HONG KONG DAILY
Finance and Commerce
DR. SCHACHT'S DISCUSSIONS IN LONDONTM
London, Dec. 18.
Dr. Schacht, President of the German Reichsbank, returned to Germany alter spending nearly a week in London dis- cussing, according to semi- "official circles, "matters which interest him" with a number of financial and economie ex- perts,
STOCK MARKET AMENDMENT
STEADY
Weekly Review Of Ice House Street
די
TO EMPIRE
PREFERENCE ORDINANCE
The Draft or a Bill intituled an Ordinance to amend further the law relating to Empire Preference, is published in the "Government | Gazette."
BY C. A. L. RECKETT Secretary-Hongkong Share- brokers' Association
December 17. The market has been very steady
This Ordinance may be cited as during the week. Prices have the Empire Preference (No. 2) shown an upward tendency al. Amendment Ordinance, 1938, circles reiterate that though gains have
Sub-section been small, the visit was purely for the pur-any shares offering being readi pose of making contacts, and noty absorbed. Later in the week cut and dried plans were advanced shares, were
difficult on any subject.
obtain and buyers were forced to raise their bids.
German
Dr. Schacht saw Lord Winterton, chairman of the Inter-Govern- mental Committee set up after the Evian Conference, and also Mr. Rublee, American director of the organisation.
NO PLANS PROPOSED
more
tu
(1) of
section
3 of the Empire Preference Ordinance, 1932. as amended by the Public Officers (Changes of Style) Ordinance, 1937, is amended further by the substitution of the words "fifteen per cent." for the words "twenty per cent."
Lands, Trams and Docks, came Επ for. most inquiry. Lands changed hands" at
OBJECTS AND REASONS with $35; further buyers
this figure. at
By section 11) of Ordinance Trams remained steady at $17.10, No. 32. of 1932, as amended by and Docks (Old) at $18. China Ordinance No. 25 of 1937. it is It is particularly denied that any Lights, on the other hand, react- provided that there shall be plan was advanced under which ed unfavourably to. the
an-charged. levied and paid, in Britain would finance the immi-nouncement of Increase in respect of the first registration In "gration of Jews from Germany. capital and Came to bustness the Colons of every motor vehicle Nothing has been divulged re-down to $10.10 for the old shares. which, in the opinion of the Com- garding Dr. Schacht's talks with
Gold mining stocks have been missioner of Police, is not an Mr. Montagu Norman, 'Governor of steady, although there has been Empire product, a special licence the Benk of England, but
It is very little change in price levels, fer of an amount equal to twenty that Germany Known
was con- United Paracale, however. were per cent. of the value of such cerned regarding the statement in exceptional and showed a gain vehicle, including cost, freight.and Commons made by Mr. R. S. Hud-of 11 ctvs, closing at 59 ctvs after Insurance. on arrival in the Colony, son, Secretary for Overseas Trade, deduction of dividend. Anta-
after deduction of the value of that Britain #us prepared. fmoks improved 2 ctvs to 50 ctra.
use the sure Market closed steady." weapons as Germany in economic
necessary.
matters.
to
G
the tyres and of any spare wheels, or other spare parts.
This special cence fee is, in addition to the ordinary cente
relating or regulations
to the
The great need of the Retch is AUSTRALIAN LOAN fee payable under any, Ordinance
extension of her export trade, and
in the London talks Dr. Schacht OVER SUBSCRIBED licensing of vehicles.
endeavoured to secure British co- operation for increasing German exports to Britain..
Canberra, Dec. 17.
The object of this Bill is to rẻ- It is announced that the Aus-dace the percentage charge of the tralian £71,700 000
special licence fee from twenty to Conversion Semi-official circles in London Loan has been fully subscribed..
Afteen and so to implement the state that no explicit proposals Except for £4,000,000 of the new United States
Trade Agreement between the were made by Dr. Schacht, but money required for defence works Kingdom. which was signed at and the United there was a general discussion re- the Luan was for the conversion garding matters of common econo-of maturing Internal loans.
B
Washington on the 17th Novem-
mic interest to both, countries.- sued at par the Loan carries Der, 1938. and which applies to
Reuter
- ITALO-GERMAN
TRADE TALKS
Berlin, Dec. 18.
Trade hegotiations concerning goods and payments between Ger- many and Italy are taking place
In Rome. It is explained that
further trade talks are required as
an interest rate of £3.17.6 per annum, and is redeemable in 1954, though the Treasury can repay in 1952-Reuter.
REICHSBANK RETURNS
the Colony.
BANKS REOPEN
IN SWATOW"
Swatow, Dec. 17. With the improvement of the situation here, the Swatow branch of the Bank of China, which was moved to Hongkong following the Reichsbank returns issued Satur. Japanese air raids in October, has
Berlin, Dec. 18:
the result of the Austrian ansch-day showed gold "stock unchanged resumed business here. The Cen- luss-Reuter,
POLISH-LITHUANIAN AGREEMENT
Warsaw, Dec. 18. A Polish-Lithuanian commercial agreement, has been concluded covering exchange of goods to the value of £500.000-Reuter.
at 70.8, but foreign exchange intral Bank and the Bank of Com- creased by 0.5 to 6.1, making amunications will also resume
tatal increase in note cover of 0.5 operations in the near future, it is to 76.9 million Relchsmarks. Note amed.Cefitral News,
circulation increased by 31.8 to
Total
7661.3 million Reichsmarks, credit issued as measured by bills. cheques, investmenst and advances, increased by 2.3 to 81477 million marks. Total amount of legal
FACTORIES MOVE TO tender in circulation is returned
CHÚNGKING
at 1753, as against 6952 at the same date a year ago and 5454. After the fall of the Wuhan million Reichsmarks at the same cities. altogether 124 factories date in 1933.-Transocean,
have moved to Chungking. These include 49 machinery plants, four soup factories, three battery fac- tories, three galvanising factories. seven charcoal factories, 10 print- ing plants, 12 rice factories, three tobacco factories and 14 electrical supplies factories.
AID FOR COTTON INDUSTRY
London. Dec. 17.
A "self-help scheme," by which
U.S. ECONOMİC PROPOSALS
Lima. Dec. 17. The economic proposals which the United States is placing be- fore the Pan-American Con ference were published yesterday.
Comprising eight chapters they do not deal specially with the lowering of customs barriers, should work for greater freedom the principal that each country
accepted.-Reuter.
Us
it is proposed to reorganise Lan-in exchanges has already been cashire's cotton industry and to strengthen its competitive power overseas, has been launched by the Joint committee of cotton trade organisations meeting at Manches- ter.-Renter
BULLION SHIPMENT
RUPEE RATE WILL BE MAINTAINED
New Delhi, Dec. 17. A communique states that the London, Dec., 16.,
Government of India has no inten The P. & O. liner Ranchi carries tion of allowing the present ex- £8,200 of silver for Jeddah-change value of the rupee to be Reuter.
lowereds-Reuter.
MOVEMENT OF GOLD AND SILVER
The Netherlands.......
Belgium
Switzerland
7/12/38 14/12/38
The penell
You can
sharpen
with your
thumb
London, December 16.
GOLD
Total Exports from the United Kingdom" Including to: The United States.
£9,237,000
£2,976,000
7,896,000
2,917,000
$62,000
27.000
Total Imports into the United Kingdom' Including from: British Africa
$93,000
1,801,000
130,000
401,000
311,000
,277,000
Argentine
250,000
British India
185,000
228,000
France
26,000
46,000
Peru
52,000
Total Exports from the United Kingdom
1,230,000
535,000
509,000
Total Importa into the United Kingdom .............. Including from: France
000,000
76,000
26,000
48,000
-Reuter.
SILVER
Including to: The United States.... 1,190,000
The Hille sider
sontrols the flak Ibility of your part.
FINANCE
K. M. A.
CERAMIC & REFRACTORY PRODUCT
GLINGER
PAVING,
BUILDING
& FIRE -BRICKS
MONDAY, DECEMBER 19, 1938.-PAGE 11
PUBLIC AUCTION.
THE Undersigned have received
instructions
TO SELL BY
PUBLIC AUCTION
STONE-
-WARE
ON
PIPES &
TUESDAY, the 20th DECEMBER.
GLAZED TILES
1938.
Ask for our lilustrated Catalogue-Compare our Pricos and Inspect our wide Range of Samples THE KAILAN MINING ADMINISTRATION, DODWELL & CO., LTD. Agents, Hong Kong
The Japan Hotel Association
IN JAPAN
ÁKAKUKA
MEMBER HOTELS
↑ Akakura Kanko Hotel ATAKI
4Cami Hotel Mampoi Hotel HEPPO Kyushu),
Kamenoi Hotel CHUIEM (NIKEO) Lakeside Hotel FUJI FIVE LAKES
DISTRICT
Fuji New Grand Hotel
(Lake Yamaneks)
Fuji View Hotel
(Lake Kawaguchi) ... FOTGOLA *Kyoshintel Hotel GAKADORI
Gamagori Hotal
„Nagaragana Hotel
KAMAKURA
Knibin Hotel KAMINOSH (Japan Alps) Kamikochi Imperial
Hotel
Kazathu (Dear Fukuoka) Karateu Senaide Hotel
KARTEAWA
Mampei Hotel Makass Hotel
KAWANA
Kwan Hotel
Koux (midway
between Osaka and' Kobe)
Kosbien Hotel
(38 members in all} Kour
Oriental Hotel.
Tor Hotel
KYOTO
Kyoto Hotel Miyako Hotel
Kyoto Station Hotel MATKUSRIKA
•Park Hotel MITAFINA
Miyajima Hotel MITANOSHITA (Hakone)
Fujiya Hotel
ΝΑΘΟΥΑ
Mampei Hotel
Nagoya Hotel
Nagoya Kanko Hotel
NARA
ARA
Nara Hotel
Nuxxo
Kanuya Hotal
ONAKA
Dobuil Hotel Hotel New Graks
Onska Hotel
Orau (rear Lake Biws)
·Hotel Lake Biwa
Arroxo (Hokkaido)
Sapporo Grand Hotel SHIKONOSEXI
Випус Hotel TAXIRAKUKA (Near Kobe)
Takarazuka Hotel
TOXTO
Imperial Hotel
Mapei Hotel
Omori Hotel
+ Sauno Hotel
Tokyo Railway Hotel
• Open in summer only.
New members.
UNLIN
Eyushu Hotel Shin-yu Hotel Union Hotel Unzen Kanko Hotel Tumei Hotel YOKOHAMA
Actel New Grand
IN TAIWAN (Formon)
ТАНОКО
Commencing at 2.30 p.m.
At their Sales Room,
No .2. Connaught Road, Central, Ground Floor.
LAMMERTS' AUCTIONS
PUBLIC AUCTION.
THA
¡HN Undersigned have received
instructions
TO SELL BY
PUBLIC AUCTION
ON
WEDNESDAY,
the 21st DECEMBER, 1838..
į
Commencing at 2.30 p.m.
4
A Fine Assortment of Dressed Dolls, Wooden and Mechanical Toys, Furniture and Ping-pong Sets, Billiard Tables, Lead Soldiers. Crackers, Christmas Decorations, Stockings. etc, etc..
On VIEW from MONDAY,
the 19th DECEMBER, 1938
Terms Cash on Delivery.
LAMMERT BROS.
AUCTIONEERS.
SERVICE TO READERS
Talboku Railway Hote THE
IN CHOSEN
HELO
Heljo Railway Hotel KX120
Chosen Hotel
IN MANCHOUKUO DAIKEN
Yamato Hotel HARBIN
Tamato Hotel
Yamato Hotel HOTIN (Muiden)
Tamato Hotel HUNKING
Yamato Hotel
IN CHINA
TRINTAO
Teinta Grand Hot!
For information, please apply to Secretary.
The Japan Hotel Association
Care Trame Bureau, Department of Hallways, Tókyo
・Made to Your Order WAHL-EVERSHARP
PEN with Self-Fitting Point
It feels as if it were made for your hand alone-that's the great advantage of the "Self-Fir. ting Point. Simply move the little slider on the point up or down to regulate the flow of ink and the flexi bility of the point. It alone has the Safety Ink Shur-Oll thu seals the ink in the bar-
cel when the cap is screwed
on tightly-transparere bar.
r
-
large ink capacity unsurpassed durability and, beauty,
How Eversharp Rapeating
⠀ Pencils to Match Just press the top of this new Eversharp Repeating Pencil and a new point appear-just the proper wning length- one lead follows another-fills in thirty seconds with enough leads to last six months.
ON SALE AT: THE SINCERE CO.. LTD. "AUTHORIZED DEALERS
*
EVERSHARP
HONG KONG DAILY PRESS, LTD., and the HONG KONG WEEKLY PRESS, through their London Office, at 53;, FLEET STREET, E. C. 4, Tel- 3137, are prepared to give Subscribers and Visitors advice regarding accommoda- tion available, motoring faci- lities, suitable shopping centres, etc.
If, when at home, they will call or telephone to the above address, they will receive the utmost assistance and the latest available information an all subjects of enquiry will be placed at their disposal.
To Motor Car Owners of Kowloon and Hong Kong
SAVE AND BE SAFE:
Leetung's most economical, reliable repairing and garage services
in town.
Leetang's monthly service for dush radiator, check oil, tires, lubricants and battery, wash and polish cars, tune engine and adjust. brakes, etc. at very reasonable charges.
·· Leetung's parking spaces for rent at very reasonabis monthly
rental.
Lectung's quick services at anytime, anywhere when your car is
in trouble or in need of any services. Just call up Tel. 58442. and our men will be at your door immediately for your help...
OUR MOTTO: SERVE AFTER SERVED.
LEE TUNG AUTOMOBILE REPAIRING STATION & GARAGE
No. 898-700, Nathan Boad, Kowloon,
Christmas
+ Cards
Now On Sale!
FOR
Beautiful, Expensive looking Cards and Calenders with your own name inscribed on them. Envelopes to match (Special price!
Large Selection'
CHE SAN & CO. 58, Des Voeux Read, C. Phone 22357 & 28858.
SALE
́KING GEORGE IV” WHISKY
Nou refillable QUARTS 85.00 per bottle
Flask
Flesk
PINTS 82.95
* PINTS $1.65
Obtainable ät.
HUNG CHEONG
Tel. 57108.
68, Nathan Road.
Kowloon.
At their Sales Room, No 35. Hankow Road. 'Kowloon,
A QUANITTY (OF VALUABLE HOUSEHOLD FURNITURE
Comprising:~~~ Teakwood, Iron and Brass Bed- steads, Wardrobes, Dressing Tables, Chests of Drawers, Sideboards, Dinner Waggons, Dining Tables, Chairs, Chesterfeld Sultes, Hat- stands, Carpets, Rugs, Cutlery, E. P., Brass, Glass and Porcelata Warc, Electric Lamps and Shades, Pictures, Clocks, Ornaments, Curios, Books, Gramophones and Records, Ice Chests, Cooking Uten- sils and Stove, etc., etc.
also
A FEW PIECES OF BLACKWOOD FURNITURE
On VIEW from TUESDAY, the 20th DECEMBER, 1938.
TERMS:-Cash on Delivery.
LAMMERT BROS.
AUCTIONEERS.
PUBLIC AUCTION.
TH
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
on
THURSDAY, the 22nd DECEMBER,
1938.
Commencing at 2.30 p.m.
At their Sales Room,
No. 2, Connaught Road, Central
Room No, 205, 2nd Floor).
A QUANTITY OF SILK. EMBROIDERIES, LACES AND LINEN
On VIEW from WEDNESDAY, the 21st DECEMBER, 1938.
Tarma: Cash on Delivery.
LAMMERT BROS.. AUCTIONEERS.
PUBLIC AUCTION.
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
'FRIDAY, the 23rd DECEMBER, 1938.
Commencing at 2.30 p.m.
At their Bales Room, No. 85, ***Hankow Road, Kowloon.
A. QUANTITY 'OF TOYS AND XMAS CRACKERS"
TERMS: Cash on Delivery.
LAMMERT BROS..
AUCTIONEERS..