HONGKONG DAILY PRESS
BANKS
HONGKONG AND
SHANGHAI BANKING
CORPORATION“
Authorized Capital $50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Issued & Fully Paid-Up 20,000,000 || Incorporated by Reyal Charter, 1833
Reserve Funds:
Sterling
....£ 0,500,000 HEAD OFFICE: LONDON
38, Bishopsɣate EC.2. .820,000,000 Paid-up Capital
H.K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors
Head Office:-HONG KONG
Reserve Fund Reserve Liability of Pro-
prietors......
£3.000,006 £3,000,000
£3,000,000
Board of Directors.
T. E. Pearce, Esq., ChairmaAH V Hon. Mr. J. J. Paterson,
Deputy Chairman.
W. H. Lock, Exq..
G. Miskin, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. A. L. Shields.
MANCHESTER BRANCH:
71, Mosley Street, Manchester. :
1.
AGENCIES AND BRANCHES:
HONG KONG PENANG ILOILO
SANGOON SPOR
SAIGON KARACHI SKREMBAN KLANG
SHANGHAI KORI
YINGAPORE KUALA
SITIAWAN
J. K. Bousfield, Esq.,
A. H. Compton. Esq.,
Hon. Mr. B. H. Dodwell,
ALOR BTAR AMRITSAR
BANGKOK BATAVIA
BOMBAY CALCUTTA
CANTON CAWNFORE
LUMPUR KUCHING
MADRAS
MANILA
MEDAN
H. V. Wilkinson, Esq,
Sir Vandeleur M. Grayburn,
Chief Manager. | CRRU
Amey
Branches:- Iph
Penang
Bangkok
Jotiore
Batavin
Kobe
Bombay Calcutta
Kowloon Kuala
Rangoot: "Buigon
San
Canton
Chefoo
Culembo
Dairen
Fonchow
Francisco Lumpur Shanghai Loodor Singapore Lyons
Sourabaya
Malacca Sungei "Manila Patani
Swatow
Haiphong Muar.
Bamburg
(Johore) Tientsin
Bankow Mukden Tokyo
Harbin New York Tsingtao Hongkew Peiping Yokohama
Iloilo
opened
in
Current Accounts Local Currency and Fixed Deposits received for one year or shorter periods in Local and other" Cur- which will be rencies on terms quoted on application.
Also up to date Safe Deposit Boxes in various sizes To Let
Hong Kong 7th October, 1938.
HONGKONG SAVINGS
BANK
The Business of the above Bank conducted by the HONG KONG
A SHANGHAI BANKING COR- PORATION. Rules may be ob tained on application,
For the Hose Kono & SHANGHAL BANKING CORPORATION,
V. M. Graybarn,
Thief Manager.¦
Hong Kong, 7th October, 1938,
BANK OF EAST ASIA.
LIMITED
Authorised Capital $10.000,000.00 -8,598,600.00 Paid-up Capital ................. Heserve and Undivided
I'routs ...
2,774,726.78)
Head Office: HONG KONG
No. 10. Des Voeux Road, Central.
Board of Directorn: «
Sir Shruson Chow, Chairman Li Koon Chun, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. WongChuSon, Kaq. Wong Yun Tong, Esq. Kan Ying Po, Esq. ChanChingShok, Esq. FungPing Wah Esq.
Kan Tong P, Esq., Chief Manager. Li Tse Tong, Esq., Manager.
Amoy Batavia Bentley
·Dalchtim Ountoa
Branches and & pencias :--
•Kanfoon
Leccion
Manila
Герал
Ranger Salon
Melbourne Ban Pran
Nagasaka
New York
Haiphong Hankow Novolala Parka Kobe
Pelpin
COLOMBO DELHI HAIPHONG
HAMBU KO HANKOW BABBIN
BOURABAYA
TAIPING
TIENTSIN
TONGKAH
(Bhuket)
NEW YORK TSINGTAO
YOKOHAMA
PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and |FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on application.
The Bank's Head Office in London 'undertakes Executor and Trustee business, and claims re- covery of British Income TAX Joverpaid, on terms which may be ascertained at any of the Agencies and Branchen.
1. A. CAMIDGE,
Manager.
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
PH. PINE STREET,
NEW YORK.
H. K. STOCK
EXCHANGE
Feb. 7.
GENERAL
AMENDING LAW OF LIBEL
Market was steady and a smail Bill To ProtectTM All
amount of business recorded.
BUYERS
Hongxong Bank, $1390
Bank of East Asia, $84. Union Ins, $462
China Underwriters, 40.53. H.K. Fire Ins., $175. Douglases, $65.
H.K. and K. Wharves, $116. Providents (Old), $8.35. Providents New), $6.20. H.K. Lands, $36.35. Chinese Estates, $87. H.I. Tramways, $17.35. Yaumati Ferrics, $22). Macao Electrics, $171. Sandakan. Lights, $10. Telephones (Old), $23. H.K. Rupes, $4.1). ...Wing On (H.K.), $38.
Entertainments. $7. Marsmans (HK), 2.6.
SELLERS
Hongkong Bank, $1420. Canton Ins., $220. Unton Ins.. $467. H.K. Lands, $361. Humphreys, $91, HK. Realties, $5.65. H.K. Tramways, $11.50. HK: Electrics, $58). Cements, $161.
SALES Hongkong Bank, 31410. - Bank of East Asia, $85, China Uacerwriters, 50.55 H., and K. Wharves. $116 Rauhe, $7.88.
H.K. Lands, $364.
H.K. Tramways. $17.40. H.K. Electrics, $58.35. Dairy Farms, $23,
די
PHILIPPINE MINES Antamoks, Ps. .42 Atoks, Ps. 35, Baguio Gold, Ps. .26. Benguet Consolidated, Ps. 13.80. Coco Grove. Ps. 461. Demonstrations, Pa. 20. IXL, P. 65.
Paracale Gumaus, Ps. 12. San Mauricio, Ps. 12). Suyoc, Ps. 22.
United Paracale. Ps. 66.
An American Bank offering coHONGKONG
pleto Foreign Banking Service
in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Banks entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources over IT.S. $2.500,000,000.
D. M. BIGGAR,
BANK OF CHINA
SHAREBROKERS'
Writers
The private bill,to amend the Lay of Libel
and Slander, is sponsored by the Empire Press Union in close co-operation with Mr. A.P. Herbert, M.P.. and stands in the name of Sir Stanley Reed. MP.
The Empire Press Union states that the bill is in no way design ed to weaken the
protection which the law of libel gives to the mere neWi- citizen. Nor is it a Daber bel
It is designed to give all who are concerned with the craft of and the pen, including authors
security newsvendors, reasonable
of "gold-dig- against the class
who up. gers" that has sprung bring trumpery bel actions in obtaining some the hope of damages, and are in
posi. costs involved tion to pay the If they fall.
до
SAFEGUARDING NEWSAGENTS
The b provides that news vendors shall not be liable to pay of publica- damages respect tions distributed by them if they did not know that the publica- tions contained a libel. unless they knew. or ought to have known, that any of the publica. tions were of a character
I to contain a libel.
uke-
An important provisa that a plaintiff in an action for libel or slander shall not be entitled to recover general damages unless he gives evi- dence that his reputation has suffered or may suffer. This secures that plaintiff's shall at least give evidence before they recover damages, and be cross-examined," subject
to
the direction of the Judgė. Sections five and six extend privilege" to all reports of meet- Inks to which the public are ad- mitted, including meetings of publte public companies, and to documents.
SUCCESS OF CUT IN HOMEWORK
Better Results In Examinations
The question of homework or no homework is revived by Mr. R. E. Knowles, headmaster of Winder- Grammar School, in mere Westmorland.
He has just reported on what he calls his
no "long term homework plan" and its effect on the school certificate examl- nation results. Under Mr. Knowles's system boys entering the school do no homework at all for the first three years, and afterwards only one hour per night.
"The examination results were better than they had been for 12 years," he says. "The number of boys' who this year obtained A and B credits with distinction WAJ double that of "revious years. Not only did more boys get through. but the percentage of marks was higher.
"We have now conducted cur experiment long enough to prove that the homework system prac- tised in many schools is vicious."
4.m.
Mr. Knowles said that the normal school hours were from 9 to 4.35 p. m., with breaks. totaliing
1 hour 50 min. a day.
"ONE HOUR ENOUGH The scheme was commended by Sir Cyril Norwood, formerly headmaster of Harrow School and now president of St. John's College. Oxford.
"I think Mr. Knowles has got a good plan." he said. "Certainly, one hour a night for homework is long enough for any boy up to the age of 15. In the past it has been customary to give boys work which would have taken them from 2 to three hours, which was far too long.
**Even to-day the general
is practice
to set too
much homework. I know one or two schools in which homework has been abolished altogether, but I do not know what the result has been in examinations."
DOMINION INTEREST
A master at Cranbrook School. Clause 9 provides that a plain ti in actions for libel or slander Kent, said that, while they had not adopted so revolutionary a shall not recover more costs than damages, unless the judge makes plan as that at Windermere, they
contrary, ASSOCIATION an order to the
This had greatly reduced the hours is designed to discourage trum devoted to.. "prep." For instance, Volume of Business Transacted
while the secondary school scheme "pery actions, and in no way pre-
inr. on Tuesday. February 7
for preparations allowed Judices the bona fide plaintif
20 mins. No. of
Another provision
a day, at Cranbrook t abolishes Shares Price
written the distinction between 5-$1.410.00 and spoken defamation as regards
23.00
the necessity of proving special damage.
It is hoped that the House will give the bill second reading
and rewilt it to a strong Commit- tee representative of all partles in Parliament. Some of the
Closing Philippine prices yester-Dominions, it is added. are look-
STOCK
HK, Banks
Dairy Farms
100
Underwriters
500
.55
Underwriters
1,500
Manager.
Underwriters
2,000
.56 .58
Antamoks
30C
Ps. 43
CLOSING PRICES
day were:
་
Antamoks Atoks
.42
35
Baguio Gold
26
Benguet Consol.
13.80
ing to the bill as providing model on which a common law of libel and slander for the
establish whole Empire" can be ed.
7
Coco Grove
465
Demonstrations I. X. L.
.205
.05
.125
1.76
22
.86
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA)
Owing to our numerous Branches in China and connections in the principal Commercial Centres of Aydney the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Pourabaya Bwntow
Kalhoks cisco Tintain Beatde Tokyo Be
Vancouver Yokohama
Shangha Hingapor
Head Office: SHANGHAI
Hong Kong Branch:
Every description of Banking
4, QUEEN'S ROAD, C. and Exchange business transacted.
South China Officer: Loans granted
approved on
CANTON securities.
Current Accounts opened in Local SWATOW Currency and Fixed Deposits re- SHIUCHOW ceived for one. year or shorter periods in Local and Foreign, Cur- terms which will be rencies on quoted on application.
Safe Deposit Boxes To Let
KAN TONG PO.
Chief Manage.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Ofco-15, Gracechurch Street,
London, E.0.3
Aviborised Capital
Subscribed Ospital
Paid-up split..
Reserve Fand and Best,
BANKERS
€1,800 £1,050,000 1,217,830
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bangkok
Fombat
Madras New York
Osicutia
Handy
Delli
Kel hern
Penang Bangoob Shangha
Kuala Lipis
Simla
Hongkong
Kuala Lumper
Singapore
Howarh
Kale Trenucia
Calomho
Challe
Karachi
HONGKONG BRANCH.
Pyry verilen af Banking and Exchange anime transactivi,
Travelier Chequine tested,
TRUSTEE AND EXECUTORSHIP UNDERTAKEN.
CURRENT 4000UNTS opsed in Loos! Our ry and MIXED DEPOBrit received in Local Currency, STERLING & U, 8. DOLLARS on terha that may be moraled on application.
D. BENSON,
KONGMOON TOISHAN KINGCHOW We also handle the
issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU
CHEN,
Manager
DONT FORGET
THAT
WHEN
You are at Home you can get the HONG KONG DAILY PRESS at SELFRIDGES.
Paracale Gumaus San Mauricio Suyoc Consol. United Paracales
The market was quiet.
TRAMP BECAME
A MINISTER
Now Offers Advice
On Workhouses
"DOUBLE" AIR RECORD
Award To R.A.F. Pilots
WEDNESDAY, FEBRUARY 8. 1939.--PAGE 13
ΤΟ
#
PRESIDENT LİNER
Sailings
SHANGHAI
thence to Kobe, Yokohama, Honolulu,
San Francisco & Los Angeles.
S.S. PRESIDENT COOLIDGE
Sails February 11th
at 6 P.M.
"
AMERICAN PRESIDENT LINES, LTD.
ROUND WORLD SERVICES 12, PEDDER ST.
TEL. 28171.
THE BEN LINE STEAMERS, LTD.
S.S. "BENLAWERS'
Sailing
ROTTERDAM,
for LONDON, ANTWERP, HAMBURG and LEITH on or about the 9th February, 1939,
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports."
For Freight and l'asuage apply.
to the Agents:
W. R. LOXLEY & CO., (CHINA) LTD... Tel. 34165
was confined to four days a week, CONSIGNEES' NOTICES
and was so arranged that even the "slow boys" were not over-
taxed.
"Moreover," he added. "we have had поге examination successes since we reduced prep' hours."
.
THE OTHER SIDE
The headmaster of an Essex public school was critical of Mr. Knowles's plan.
"At this school." he said, "we had"
PRINCE LINE.
NOTICE TO CONSIGNEES.
FROM NEW YORK, LOS ANGELES & SAN FRANCISCO.
Motor Vesol
45 boys entered for the schoolTHE MOVANESE PRINCE"
certicate examination this year and 41 passed. A few years ago, we 'had ti pasaca out of 41 hoys entered,
"I believe in the usefulness of homework. The junior forms are given one hour a day, the middle forms 14 hours, and the senior boys two hours, and, personally I see no reason to depart from this practice. I do not think the time excessive."
having arrived from the above Porte on 8th instant, Cormgness at Cargo an hereby informed that their Goods are being landed at their risk into the Godowns of the Hong Kong and Kowloon Wharf and Godown Company, Limited, Kowison, and stored at Consiques risk and expense.
York Building.
HAMBURG-AMERIKA LENTE
NOTICE TO CONSIGNEES
THE M.VRE
RHEINLAND" having arrived from Hamburg and Ports of call, Consignees of Carge are bereby notified that their goods are being landed and placed at their risk into the ng Kong & Kowloon Wharf & Godown Company's godowns at Kowloon, where delivery may be obtained as soon as the goods are landed.
Optional cargo will not be landed bere, unless notice has been given 48 hours prior to vessel's arrival, hat carried on from port to port to the firal port of call to which the option extendia
No claims will be admitted after the Goods have left the Godowns, and all All broken, chafed, and damaged Goode goods remaining undelivered after the are to be left in the Godowns, where Eth Feb, 193 will be subject to they will be examined on Saturday,rent 11th inst, 1938, at 10 A M.
All Claims must be presented within 15 Days of the Vesaci's arrival here, after which date they cannot be re cognized.
Ne Olaims will admitted after the
All broken, chaled, and damaged Goods are to be left in the Godowns, where they will be examined on 7th Feb, 1939, at 10 am. by our Sur- veyors Mesars. Goddard and Douglas
To comply with the General Bonded
'sal record as CONSIGNEES' NOTICES be done, and all Warehouse Regulations consigncen
For the first time in aviation history a world's air record has been officially pilots of two different aircraft at the same time.
Notice was received recently by the Royal Aero Club from the Federation Aeronautique Interna- The Rev. Norman Bdrms, minis-Linnale, the governing body for all ter of lehurst Methodist Church. world's air records, that both Kellett and near Keading, surprised a gathering Squadron - Leader of homeless. men
in London Flight-Lieutenant A. N. Combe had recently by revealing that he was been granted the world's "Distance himself once workless and "on the en ligne droite sans escale” record. tramp."
In Royal Air Force Wellesley **Ten years ago," he said, "I was monoplanes, these pllots, with their on the Embankment myself. There crews, flew from Ismailia to Port is hardly a spikę (workhouse) in Darwin non-stop in November." all the big cities in England thatị The distance oficially accepted I have not been in, and if you for this "double" record, which is
want some information about the the Great Circle distance and
best of thein I will give it.
shorter than that actually fośn is "I have tramped England twice 11.520421 kilometres, or approx- and been over to Ireland as well. mately 7,159 miles.
Mr. Barns
1n
to
SERVICES CONTRACTUELS DES MESSAGEKIES MARITIMES
CONSIGNEE NOTICE.
"ATHOS 11"
TA/39.
8.8.
BRINGING CARGO From MARSEILLES via SAIGON, etc. ARRIVED HONG KONG 68 TUESDAY, 1*1 779 FEB., 1939,
that their goodi with the exception MUNSIGNEES are hereby informed of Opium, Treasure and Valuables are being landed & stored into the Godowns of the Hong Kong, Kowloon Wharf Godown Co., Ltd., Howlcon, whence be obtained immediately delivery may
after
All must be sent in to me on or before, the 17th Feb., 1939, Or they will not be recognized.
Damaged Packages will be examined by the Company's Burreyor, Mesars. Goddard & Douglas in the presence of the Consignees at 10,00 am, os Mon- day, the 13th Feb, 1939,
but do not go there, because they Another curiosity about the new rotten spikes."
official acceptance is that the sald afterwards previous holder was also a British "Ten years ago I was on tramp. plot (the record is attributed to Eventually "I came contact the pilot), Fight-Lieutenant E. A with a number, of business men in. Hogan, who, in the third Wel- Newcastle, who sent me a lesley, flew 10.716.448 kilometres, Methodist college.. I went to New-6.650 miles. foundland to fill an emergency He beat the Russian record held appointment in the ministry. by Colonel M. Gromov, but his re- Later I attended McGill University cord was itself beaten a few hours and fulfilled a travelling ministry later by the other two British in Canada and Labrador, I entered pilots. The consequence was that the English ministry last year." Flight-Lieutenant Hogan held the Mr. Burns was speaking at the world's distance record while the annual Absent Guest dinner at the other two British machines were Church Army Hall, Waterloo-road, still in the air, and lost it when Hong Kong, 7th Feb., 1939. 8. E.
they landed.
Consignees must have a Revenge Officer in attendance when any dutible goods are examined by the Company's Surveyors.
No Fire insurance will be effected by us in any case winlover.
B. OHLA
Agent.
[108
Goods remaining undelivered after the 11tb inst, will be subject to Bent.
by
No Fire Insurance has been affected. Bill of Lading will be countersigned FURNESS (FAR EAST), ITD.,
2nd Floor, Hongkong & Shanghai Bank Building Dials 23:185 & 23189. Song Kong. 6th Feb., 1939,
|
[108]
must have a Revenue Officer in attendance when damaged durable goods are examined
All claims must reach us before the 8th Mar 1839, or they will not be recognized.
No Insurance will be effecten. Bills of Lading will be countersigned by
JEBSEN & 00., Agents.
Hong Kong, 2nd Fab., 1929.
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