1
LOCAL GOLF
DODWELLS WIN THE
STUBBS SHIELD
In the semi-final round of the Stubbs Shield, the F.W.D. beat A.P.C., and Dodwoll and Co. beat Lowe, Binghara and Matthews.
In the final, Dodwell and Co. (R.'K. Valentine and II. II. Mundy) beat the P.W.D. (R. 8. Robertson and A. D. Purves) by 3 and 2
LOCAL HOCKEY
TRADE STORM
HUGE INTERESTS
INVOLJED
(Our Own Correspondent)
London, Feb. 8.
A trade storm is about to break over, Britain,
It will involve co-operative no-; cieties and private traders in com- bat and will certainly become a major issue at the forthcoming London County Council elections It will probably end by seriously worrying the Government.
(Continued from Pago 8.) ·
It wil be recalled that the Gov- Wtr. MeKonna (Cumberland). A. B. crumont, last year, decided for the Mudford (Berwick) and A, B, Hodges first time to impose an income tax (Medway); S. P. O. Burdett (Cum-on that portion of the co-operative berland Big. Hetherington (Cum societies profits not distributed to berland), A. B. Sumption (Medway), thoir members as dividends, A. B. Tarr (Medway) and Ord. Sen. Walls (Cumberland).
the
THE HONGKONG VELEGRAPH FRIDAY
LONDON STOCK PRICES
MARKET SOMEWHAT::
BRIGHTER
The following quotations on the London Stock Exchange have been received by Mazars, Swan, Cultbertson and Fritz in conjunction with Router. MarketGenerally quiet but some- what brighter.
Chinese Bonds.
Feb. 7. Feb. 8.
G
5%
SHARE PRICES
TO-DAY'S QUOTATIONS
The following in the list of local. share quotations issued, to-day.
Banka
H.K. Banke, $1850** 31.K. B
+), £187. B. Chartered Bank, £10 n. Merckalite Omán,
£26 n.
Morcantila Bank C., £12 East Asia Bank, $103 n.
a..
B
Am: O. Finance Corp.. Sh. #20 u China O. Fin, Ord. Sh. $4 n. China O, Fin. Prof. Sh. 86 n.
Insurances.
£102 £ 93
68.
£014 £ 87%
£ 61
Union Ins., $575 sa.
$ 35-40 36-10
£.G1
£ 14%
45% Bonds 1898
(Eng. 188.). £102 2 03 4% Lonn 1908 6% Loan 1912. 68% 5% Reorg Loan
1913 (Ldn, Is.) £ 91% 5% Shai-Nanking 5% Bonds 1925-47 £ 87%
Rlyw Tient-PukowW Rly.
Tient-Pukow At present the co-operative so-
Railway (Supt.
£ 23-28 2 23-28- cieties are not directly taxed, de- spite reiterated protests of the 6% Shai-l'chow-
£ 07 € 97 Ningpo Rly..... LOWER DECK v. RADIO.
£ 30 The Fleet Lower Deck are meeting unfair advantage thus conferred
there are al-5% Honan Illy... £ 30
6% Hukuang Rly. the Radio Sports Club at Carolles upon them. Also
£ 34 co-operative
£ 34 1911 Hill on Sunday at 6 pm, and will begations that
ocieties do not confins their salca 5% Lung Teing U. represented by the following-Sig
Hai Rly. 1913 £ 14% MacMeokin (Berwick) Tel. Hoopes o members..
The determination of the co- Foreign Bonds and Banks. (Verity) and A. B. Olift (Berwick)
>perative societies to retaliate German 7% Int. Bog Wir. McKonna (Cumberland). A
03 02 B and A. B. Mudford (Berwick)
gainst "this iniquitous penal
Loan 1924 Mocre (Berwick); S. P. O. Burdet
cax" is revealed by the announce- Japan 6% Sterling £ 76 £775 Hetherington Big.
Loan 1907 (Cumberland),
Japan
Sterling (Cumberland) E. R. A. Dill (Cum-ment that they are preparing to
Loan 1924. £ 80% £ 80% berland), A., Johnson (Berwick) open ordinary retail stores wher-
H.K. & S'hai. Bl. and A. B. Aylmer (Wishart).
£137 £137 (Ldn. Regd) Charld. Ok, £5 sh. £ 15% £ 10 Industrials and Breweries.
Elce.
10/0 Associated Brit.-Amer Tab.
117/0 (Benrer) .............
28/- Min (Bearer) Over 1,170 co-operative societies Chinese Eng, and had net profits for 1932 of nearly J. & P. Conts
01/- 61/- reserves Courtaulds £20,000,000 and their Visiting Sookunpoo yesterday were £77,000,000, Private traders Distillers afternoon, the Central British Ae-pay income tax on all their profits Dunlop Rubber sociation Ladies defeated the and thus are still at n grent dis-Elec.
Hockey Hongkong Ladies
Club Advantage compared with the co-G
(England) by four goals to nil in a friendly operative sociotics. And now pri-
Guinness vate traders are greatly alarmed.Impl. Chem. In- encounter.
dustries Impt. Chem. Ind.
C.B.A. LADIES WIN.
In a Mamak Hockey Tourna- ment match yesterday afternoon, the 12th Buttery, R.A., defeated the Royal Engineers by two goals to all. The match was played at Saokunpoo.
ENGINEERS BEATEN.
NEW CUNARDER TO BE REUMED
(Continued from Page 1.) ceeding £1,500,000 to provide the requisite working capital.
Of this amount, the first £750,- 000 advanced shall be secured by the issue at par of additional de- benture stock of the Merger Com pany and the remainder of such advances shall be secured by the issue at par of income debenture stock of Merger Company, class B. Legislation is to include power to the Treasury, in their discretion to advance to the Merger Company the cost, not exceeding £5,000,000 of an additional new ship or ships on terms analogous to those which advances of not excceilin £2,000,000 are to be made to the Merger Company towards the com- pletion of Number 534.
on
aver co-operative societies are im- practicable, maintaining them from their reserve funds, and also to tender for -ublic contracts on a non-profit basis in order to teach their opponents a lesson and to which they reduce the amount on are taxable.
- Private Traders Act,
59
19/9
117/0
28/-
43/14 43/10%
84/0
84/0
42/1
42/-
6/ h.
20/0
20/0
411-
44/-
103/9
103/0
01/0
31/9
8/6
117/0
8/7/ 117/0.
They have decided to form an Det. 10/- sh... 'organisation representing 5,000,-Impl. Tobacco J00 employers and employees and Int. Tea Storon 6/ sh..... o-day they are drafting a petition to the Government, particularly Internat. Nickel
Iwelling on the number of ten-
Pipar val
Johnson Socialist Pinchin alloited
by ders
punicipalities to the co-operative socletics, though their prices were Turner & Nowall.
ctually the highest bid.
The Government is urged to
110
10/- sh.
Unilever
nlarge the scale of taxation if the 20.Tutch
10
out co-operative societies curry heir threat and commence to sink Canadian Pacific heir financial reserves to avoid ncome levies.
It in alleged,, too, that the co- perative Rocletics reserved of apital are largely used to finance Socialist politielane.
AMERICAN SUGAR
CONTROL
SCHEME OUTLINED BY PRESIDENT
Rly. $26 sh. Chartd. 15/- ah.
(Bearer) Gula Kalumpong
Rubber.
Trepca Mines
28/14 28/-
Canton Ins,, $3174 h.
FEBRUARY
1934
RADIO BROADCAST
TO-DAY'S BROADCAST.
| VIOLIN-PIANOFORTE RECITAL FROM THE STUDIO
From 2 BW on a wavelength of 355 metres:
4.30-10.30 p.m. Chinese recorded. programme.
7.30-10.30 p.m. Europea pro- gramme.
7.30 p.m. Closing Local Stock Quota. tions, etc..
7.33-8 p.m. From the Studio.
The 28th. of a series of lessons in "Cantonese by the Rov. Mr. H. R. Wells. 3
China Underwriters, $1.60 n. Chinn Fire, $525 n H.K. Fire Iun., $286 n. International Assce,, S. $6.30 n. Report.
Shipping
Douglas, $85 m.
HI.K. Steamboats, $124 n. Indo-Chinas, Pref.). $30 n. Indo-Chinas, (Dot.); $38 n. Sheila (Bearer), 66/7 n. Union Waterboats, $11.
Mining.
Antamoks, 80 ets. 80. Balatoes, $40 n. Baguio Gold, 53 cts. sn. Benguets, $40 n.
7
Benguet Exploration, 31 ets. sA. Benguet Goldheld, 30 cta, n. Big Wedge, 25 cts, n. Gold Creek, $41⁄2 n. Ipo Mining, $7 n.
Itogons. 70.
Kailan, 28/- n.
Langkats. (Single), $17 n.
S'hal Exporations, Sh. $4.60 n.
S'hai Loane, $0.80 n.
Rnuba, S14 10 n.
Venz: Goldfields, $0.50 b.
Docks, etc.
H.K. Wharves, $117 b.
II.K. Docks, $13 b
S. China Motors A., $2 n. S China Motors B $ 0. Providents (old), $2.65 b. Providents (new), 65 cts, b. Hongkews, Sh. $364. n. New Engineerings, Sh. $6.60 v. Shanghai Docks, Sh. $146 n.
Landa, Batels, etc.
H.K, Lands, $73 n. 7. Shai Lands, Sh. $29 n. Metropolitan Lands, Sh. $14 a. Humphreys, $12.15 sa,
H.K. Realties, $01⁄2 n. Asia Redili
sai.$140 n. Asia Healtics "B" Sh. $20 n. Chinese Estates, $97 n.
$ 23% 3 22
32/9 33/- 42/0 44/ 26/74 35/74
Cotton MI
Ewo Cottons, Sh. $13
b.
Miscellaneous,
Corpn Ra
22/-
13/0
21/4
S'hai Cottona, Sh. $119 b.
Zoong Sings, Sh. $13
n.
13/0
Wing On Textiles, Sh. $70 n.
$ 17%
$ 10%
II. and S. Hotels, 30% sa.
24/9
24/..
20/9
20/8
13/-
13/0
Langlaagte
Estater London Tin 10/-
sh. Pekin
ord. sh.
27/- 27/-
14/
14/...
kin. Synd. 2/-
* Rubber Rubber..
8/0
3/3
29/
28/4
Shai. Elec. Contr Van Ryn Deep .. Vickers 6/8d each
04/-
65/-
4173
41/8
8/3
8/3
Olls.
Anglo-Persian Oil Burma Oil
Mexican Eagle.
Mex. $4 ah.
fl. sh.
50/- 50/- 00/- 00/-
11/10% 11/0
£2314
:
£ 20
50/3 G6/7% 30/- 29/4 217/6 218/9
GOODWILL Acquired.` The Memorandum of agreement between the companies provides that the new Merger Company will acquire the North Atlantic good-
Washington, Feb, 8. will of both companies, their exist- ing North Atlantic fleets, and the
Strict control of sugar is out-Royal Dutch 100 unfinished ship Number 634, and ined in a Roosevelt message that after its formation, the board Congress recommending of ten would comprise six to be experiment quotas on home pro- nominated by the Cunard and four Juction and imports from Hawaii, by the Oceanic, in preportion to Puerto Rico, the Philippines, Cuba their abava of the enpital-and the Virgin Islands, British Wireless.
EXCHANGE RATES
Paris
Geneva
Berlin.. Helsingfors..
Oslo....
Athens. Milan. Buenos Aires.
Shanghai New York.
Amsterdam.
Vienna... Prague.. Madrid
Bucharest
Brussels,
Feb. 1.
78.13/16
.15.901
22015
13.1214
19,90
to
да #D
He also recommends an amend- ment to the Agricultural Adjust ment Act to make sugar boet and cane one of the basic agricultural Feb. 8. commoditica. which would enable 77.29/32
the collection of a small processing 15.80
13 tax on Sugar, the proceeds 226% which would compensate the farm- 19.90 era for holding their production
630 to the quota level.
604
.3044
36
.1/4.6/10
5.00%
771
2R1
of
Shell Trans,
Trad (Bearer) Geldenhuis Crown Mines
CURRENCIES AND UNEMPLOYMENT
(Continued from Page 6.)
cause it can get value in return: expenditure of currency on public works brings great benefit to the community.
The saving elements amongst the people put by part of the cur- rency, bank it, and (if they think
5B%
The object of the legislation in at) use it for the production of 1/4% to reduce the price of sugar to goods at a profit; such money be 5.01% the consumers and to provide for comes capital.
This gives us good working de. 7.02% the retention, but for no further
expansion, of the home industry.finitions of Capital and Currency: 37%
The quota will apply to raw Capital is personal savings of sugar and the 1024 crop and might money for the production of goods, 22.03 be retroactive to January 1 at a profit to the individual. Cur- rency is public money issued to utilise goods for the production of general well-being, at a profit to the community.
GIG
1/0
22.03 Reuter.
28
Hongkong.. 1/6
Stockholm
104 .38.7/16
325 525 176 22.2016 .19.30
.100% .1/0.3/88
4% .1/2.5/16 Montevideo .374
103
Belgrade.
Montreal.
.230 .6.03%
Copenhagen 22.40
Lisbon...
Bombay.
Rio
Yokohama,
Silver (spot)....19.11/16
Silver (forward)10
War Loan......101%
10.00
22.40 109%
1/6.3/32 The troopship Nouralin la expected
ALL COUNTRIES THE SAME. 46 to
arrive to-morrow afternoon at
No national currency unit will 1/2.9/82 about 4 p.m. from England. It was
87% originally notified that owing to rough depreciate in relation to any other, 230 weather encountered between Singa- If all currencies are expanded at 5.05
pore and Hongkong she would be un- the same time and in the same pro- 10% able to make port until late on Sunday portion. And all countries need 10.13/16 evening. Advices received locally this more currency.
101% morning are to the effect that the
weather has moderated.
British Wireless.
The Gallant Boxing Eve
•
(Continited from Page 8.)
Do
2nd
Do
1st
2nd
Do
Do
1st
2nd
1330
2nd
Do
2nd
Do
3rd
Do
Do
1982
3rd unplaced
ård enplaced
Customa Il'enp "A" class June 'cap 1ät Dielalon. Whitnun Plate -
October H'cap
Shek-O H'cap Inverness I'cap
'keng Autumn Champions
China Stakes Chater Cup Gymkhana Cup
Ladles Parso
Valley Spring
Happy claas
All Out Stakes
Easter Stakes |
Do
#nd
Taced
Do
Dó
Do Butler Taxford Charler
··· Jaland-Ray "I'cap
Double Tenth Plate
Paddock Pisto
Each State should redeem the notes of its Issuing bank or banke, ne and whore: these notes exist. The issue of the necessary addi tional currency and its application to its proper purpose of consump tion will not cause a corresponding rise in prices. The idea is to in- crease the turnover of goods. Prices will be governed solely by supply and demand.
fit.
A final word. About that pro
The thing the Socialists rail at. As long as there is the posat bility of profit on the production of goods, so long will the world never go short of gooda
Capital and Labour must see to it that the prospect of making a 'cap pront is restored to capital. They must ensure that sufficient cur rency is lesued. They must give that "glut of money" something to go after.
Scurry 'cap "D" division..
And all will be well with the world,
China Realties, Sh. $15% n. China Debenture, Sh.$187 n.
Pohlle Utilitiea.
Tramwaya, $22.60 88.
Peak Trams (old), $15.90 n. Peak Trams (new), $7.
Ferries (old), $94 Star
b. x
div.. Yuumati Ferries (old), 8244 6 C. Lights (new), $9% b. and sa. C. Lights (new), $9.20 b. H.K. Electrice, $76 sa. Macao Electrics, $234. b. Sandakan Lights, $8. Telephones (old), $20 sa. Telephones (new), $12.90/13 so. China Buses, Sh. $13 n. Singapore Tractions, 5/9 n. Singapore Pref. 15/-
Industrials.
Malabon Sugars, $14% n. Cald: Macg. (old), Sh. #21 n Cald: Macg. (Pref.), $19 a. Canton Ices, 82% n. Cements (old), $8% n. Cements (new), $9% n. H.K. Ropes, $7.10 m. Storen ste
Dairy Farms, $20/1⁄2 sa. Watsons, $7.60 n. Der A Wings, $1.0. Lane Crawfords, $4.10 Mackintoshs, $21 m. Sinceres, $18.20 m. Wa, Powells, $1.60 Wing On (H.K.), $140 n.
Miscellaneous.
I
Amusements, $41⁄4 . . ILK. Entertainments, $10 n. S.C. Enterprises, 81% n. United Theatres, Sh 42 n. Macao: "Greyhounds," 82 m. Constructions (old). #2 n. Constructions (new), 62 cts, n.. H.K. Govt. Loan 5% b. Prem. B. Ind. G. Bonds, 81% n. Wallace Harpers, $8 n.
UNREST IN SPAIN.
STUDENT MOB KILLS POLICE OFFICER
Madrid, Feb. 8.
An uneasy situation in this city la growing steadily more serious. Scores of arrests have been made already.
Rioting students, after having shot a policeman to death, march- cd to the local, gaol to release their comrades.
Labour clrcles are also restive. Walters in a large hotel struck suddenly, after refusing to serve the Home Secretary and Chief of Police at a big banquet-Reuter, Special.
8' p.m. Local Time and Weather
of 8.3-8.45 p.m. Selections Etholbert Nevin's Music, played by the Victor Salon Urchestra and Group. A Day in VeniceNarelagus Coun- try DancO---Á Shepherd's Talo Lullaby-My Desire Mighty Lak' a Rose At Twilight-Oh That We Two Word Maying At Best-Little Boy Blue The Night Has a Thousand Eye The
The Woodpecker-In Winter
Night Every Night-Beat Up at Upon Mine Little Heart A Life Lesson-Barchettin-Serenade Twas
a Lover and His Lass-The Rosary.
8.45-3.16 p.m. From the Studio. A Violin and Pianoforte Recital by Professor N. A: Tonoff (Violinist) and Professor A. Makiezoff (Planiat). Programme.
1. Gypay Serenade (Kreisler). 2. Song Without Words
(Mendelssohn).
3. Tambourin (Rameaux).
Prof. N. A. Tonof.
4. Bailado (Grieg).
Prof. S. Makleroff.
6. Serenade (Arentky).
6. Menuett (Mozart).
7. Gypsy Dance (Nashez).
Prof, N. A. Tanoff. 9.15-10.30 p.m. Orchestral Concert, Overture-Pique Dame-(Suppe).
Sir Dan Godfrey conducting tho
Bournemouth Municipal
Orchestra. Song-Rigoletto-Dearost Name
(Verdi).
Song-Barbiere di Siviglia-A Little
Volce 1 Hear (Rossini),
Marion Talley (Soprano). Piano
(Lisztro-Hungarian Fantasin
Arthur de Greef and the Royal Albert Hall Orchestra conducted by Sir Landon, Ronald. Song Pagliacci-On With the Play
(Leoncavallo).
Song Paghacel-No! Punchinello No
More (Leoncavallo).
Giovanni Martinelli,
Orchestral-The "Clock" Symphony
(Rain)iten Harty conducting
Sir
the Halls Orchestra.
1. (a) Adagio (b) Presto.
2. Andante.
Afinaotto and Trio.
4. Finale (Vivace) -
10.30 p.m. Rugby Mid-day Press News.
10.35 p.m. Close Down.
A LOSSİEMOUTH MONSTER
LOCH NESS AMUSES PARIS
Paris, Dec. 81.
The French Press thir evening decides that the only brigut spot of the year has been the discovery of the Loch Nesa "monster," and that event, it is pessimistically pointed out, is uncertain.
The Matin has sont a Special Correspondent to the Loch.
The Echo de Paris publishes a caricature entitled, "Le Monster du well-known Loch Ness," by the cartoonist, Sennep.
Two Highlanders, in vory short kilts, stand on the shore of Loch Ness, gazing gloomily at a monster Its half emerging from the water. face is that of the British Primo Minister, but the body is formed by (La- the words "Travaillisme"
"Internationalisme," bour),
and "Socialisme;" while the tail, writh ing grotesquely, spells the word "Pacifisme."
Underneath is the inscription, "It is indeed a prehistoric animal.' -Reuter.
Giras who keep things in good shape are always in good. form.
KING'S
SPECIAL PERFORMANCE
ON
SUNDAY 11th FEBRUARY AT.30 11 A.M THE FIRST INDIAN TALKING PICTURE IN HONGKONG.
"SHYAM SUNDER”
(AT USUAL THEATRE PRICES.}· ·
There Are Sports Cars-
and the Chevrolet
Calling, a car a "Sports Model" doesn't give it the characteristics of a CHEVROLET
not by any means.
The engineering excellence and unrivalled performance of a,CHEVROLET is the direct outcome of extensive research So much so that the work, experience and success. CHEVROLET has won an exclusive pre-eminence among the most fastidious motorists.
It is a car in short, which you should "experience"! Permit us to create the to appreciate to the full. opportunity.
FAR EAST MOTORS
THE FAR EAST AVIATION COMPANY LIMITED-
FEACO
226 Nathan, Road-Kowloon, Telephone 58882.
migraine
The slightest inducement, an insignificant excitement, will bring about a fresh attack; tormenting almost unbearable headache. Ladies! do not despair. Take 'Gardan', you will be astonished how rapidly the pain will disappear. The following good advice may prove useful later: take. 'Gardan immediately you feel the first symptoms of migraine. 'Gardan' prevents the occurrence of pain and thus saves you a great deal of unnecessary suffering.
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