STOCK EXCHANGE BATTLE
(Continued from Pago 1.)
ntions intended to influence market prlees and would provide some control over, the circulation of rumours and statements calculated to induce speculative activity.
In the meantime, Mr. Thomas B, Gay, the attorney for the New York Stock Exchange, has challenged the constitutional right of Congress to expreno any control over the security markets under the Fletcher-Rayburn Bill,
HUGE LOANS.
SURPLUS AHEAD
BRITISH FINANCE ON THE MEND
THE HONGKONG TELEGRAPH.
London, Feb. 23. Everyone is asking what the Chancellor of the Exchequer will do with the expected surplus from
last year,
4
LONDON STOCKS
PRICES
GILT-EDGED ISSUES
BUOYANT
Feb. 22. Feb. 23.
£1023 £ P
£ 60%
.103
£ 80%
£00 £ 60%
The following quotations on the London Stock Exchange have been received by Mesars. Swan, Culbertson
Market: Generally, Mr. Neville Chamberlain, the and Fritz in conjunction with Reuter good. Gilt- Chancellor, anticipated a shrink-edged securities were particularly age of revenue of £40,000,000. bouyant, The actual shrinkage, up to the
Chinese Bonds, end of last week, was only £2,500,- 000. But at this season the week- 45% Bonds 1878 ly collections are always in excesа of out-going finances, and con- sequently, even allowing for an A highly Interesting fact
of supplementary ex- was increase gathered in the course of the cross-penditure, a handsome surplus ni examination of a witness before the end of March seems assured. the Sennto/Banking Committee this afternoon, when counsel for the Committee, Mr. Ferdinand Pecora, who played such important part in recent exposures of malpractices in the realms of high finance, drew from the wit- ness the admission that large cor porations lont more $20,000,0000,000 in the New York Money Market during the 1929 boom.-United Press.
(Eng. Is)... £102 Loun 1908, 03 Loan 1912 .. £ 60
Reorg Loan 1918 (Edn. Inn.) Eva
Bonds 1926-17 £ 8974 5% Sat-Nanking
Rly. Bourd of Trade returns yester-% Tient-Pukow
Ttly.
it 11
than
BRIGHTER TRADE
OUTLOOK
TIN QUOTA MAY BE INCREASED
London, Feb. 24. There is a fair chance of an Increase in the tin output quota stated Dr. Colijn, in the Second Chamber, according to the Amsterdam correspondent of the Financial Times, who understands that an increased quota is now under conalderation by the In- ternational Tin Committee.
The matter will be discussed at a meeting in London on March 5, but as the Committee prefera to await the effect of the recent enhanced quota on stock figures before proceeding to an increase, It is doubtful if a further increase will be decided on as early as the London meeting..
The question of further United States consumption in the ruling factor-Reuter,
SHIPMENT TO MEXICO.
Chamber
day showed that Great Britain's Go Tient-Pukow
£ 38-42 £ 38-42
Railway (Supl. Loan) 5% Shal,-H'chow-
Ningpo Rly. £90% Honan Rly... £ 8315 Hukuang Itly.
£ 34
adverse balance was £4,000,000. Instead of an adverse Agure of case in £56,000,000, as was the 1992.
5 The visible, or merchandise ad- verse balance was reduced during, the year by £23,000,000, und 5% receipts from invisible exports Increased by £6,000,000, in spite of the decrease of income from ship-} ping and overseas investments of about £5,000,000.
Except for the abnormal import of Silver, there has been a emall favourable balance. Improved re- turna from foreign investments has stimulated agitation In the City against the embargo an lend- ing abroad,
The 'continued rise in
railway receipts, which are £1,200,000 better since January 1 than for the same period last year, especially In the transport of merchandise and coal, confirm the belief of an Improvement in industry.
£ 23-28 £ 23-28
£ 9074 £ 33
£34
Lung Tsing Hai Rly. 1913 .... £ 1⁄41⁄4 £ 1424
Foreign Bonds and Banks. German 7% Int.
Loan 1924
0241
7714
Japan
6% Sterling Loan 1907 Japan 6% Sterling
Loan 1824 ... £ 8616 II.K. & S'hat Bk.
SATURDAY,
FEBRUARY
24, 1984.
'SHARE PRICES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day.
Bankk
A.
•
B
H.K, Banks, $1820/1825 en. II.K. Banks (London), 2138% n. Chartered Bank, £16 n. Mercantile Bank.
£28 n. Mercantile Bank C., £13 n. East Aala Bank, $90 n.
Am: O. Finance Corp., Sh. €20 n China O. Fin, Ord, Sh, $4 n. China O, Fin, Pref. Sh. 85 n.
Insurances."
Canton Ins., $310 n.
Union Ink, $670 m.
China Underwriters, $1 China Fire, $525 n. H.K. Fire Ins., $283 n. International Assce, S. $6.20 n.
Shipping
Douglas, $35 b. II.K. Steamboats, $121⁄2 n. Indo-Chinas, (Prof.), 80, n. Indo-Chinas, (Def.), $33 n. Shells (Bearer), 65/7 n. Union Waterboats, $11 n.
Miving.
Antamoks, 76 cts, u.
Baintoca, $40 n.
Baguio Gold, 54 eta, n.
Benguets, $40 n.
Henguet Goldfield, 80.cts. n.
RADIO BROADCAST
WEEK-END BROADCAST
DANCE MUSIC FROM THE HONGKONG HOTEL
From Z. B. W. on a wavelength of 355 metres:
4-7.30 p.m. Chinese recorded pro- gramme.
7.30-11.30 p.m. European pro-
gramme.
7.30.8.10 p.m. Concert items.
8 p.m. (Local Time and Weather Report). Orchestral-Love, Here is my Heart OrchestralCasino Dances.
Albert Sandler and His Orchestra. Song--Chanson Indoue (Song of India) ("Sadko"—Rimsky- Korsakov).
Song-Bolero Les Filles de Cadix (The Malda of Cadiz) (Delibes). Madame Amelita Galli-Cure! (Sop.). Pinnoforte Solo-La Campanella
(Paganini-Liszt).
Pianoforte Solo Staccato Etude
(Rubinstein),
Mischa Lovitzki. Song-Sea Fever (Ireland). Song-In Summertimo on Bredon
Stuart Robertson (Bass). Planoforte Solo-Minuette from Sulbe
(J. Suk, Op, 21).
123
Benguet Exploration, 30 cta. n.
(Peel).
•
£ 77%
Big Wedge, 26 cts. n.
185
Gold Creek, $4% n.
£138
n.
(Ldn. Regd.). £BBR Charte. Bk. £G ah. $ 15 £ 16.
Industrials and Breweries.
Elec. Associated
Industries Brit-Amer. Tob.
(Bearer! Chinese Eng. and Min. (Bearer). J. & P. Conts.... Courtaulde Distillers
Rubber Dunlop Euverrendy 5/sh. Genera Usually well-informed Bources (England) assert that the majority of the Guinness ... Cabinet is in favour a reduction Impl. Chem Ind. from the income tax and restora- Impl. Chem Ind. tion of half of all wage cuta, cost- ing £30,000,000.
1976 1976
1207-
120/-
27/0
26/0
027-
62/3
49/3
4976
87/...
87/-
47/~
47/105
20/-
207-
Flec
43/0
43/9
103/9
103/9
34/10%
34/101%
9/4
0/41%
110/3
110/-.
287-
$2374 $ 234
86/11⁄2 36/11⁄2
27/10%
Def. 10/- sh. Impl. Tobacco Int. Tea Stores
5/-sh. But it must be remembered that
Internat. Nickel the defence forces inevitably need
no par val Pinchin Johnson replenishment.
Meanwhile, the Chancellor's 10/- ab.
remains tightly shut-Turner & Newall 48/6 4879 mouth
Unilever
25/6 26/0 Our Over Correspondent,
Miscellaneous. Anglo-Dutch
10/6 2076 Burma Corpn. He
14/0 14/9
INDUSTRIAL SCHEME.
COTTON DYERS' RIVALRY TO BE CURBED
*TC-
in
INSTRUCTION FOR PROCEDURE AT HONGKONG
London, Feb. 23. The Hongkong General
A new scheme for the of Commerce has received informa organisation of the cotton tion from the Consul for Mexico in Yokohamn that in view of the fact dustry, with statutory powers for that Mr. Trinidad E. Incayo has majority control, was placed be- Lancashire Conservative ceased functioning as Honorary Consul fore for Mexico in Hongkong, and since members' committee meeting in a new appointment has been made by the House of Commons last even the Government of Mexico, consular Ing.
-for-the-clearance-of-boats. The committee----unanimously | documents leaving Hongkong for Mexican ports agreed to consider the scheme in may be presented for visa to
detall with a view to presenting a consular representative in Hongkong Parliamentary Bill to Mr. Run- of any country having diplomatie re-
ciman, President of the Board of Iations with Mexico.
Commercial invoices covering, ship-Trade, and to urge its adoption by ments from Hongkong to Mexico do the Government. sot have to be visaed and may be The scheme is not yet official butį presented without a vian to the re-
it represents the views of the If, however, shipment is to be trans-leaders in the cotton industry.. shipped
the
spective Mexican Customs authorities.
Mr. W. P. Bridge, managing
Gula
Kalumpang
Rubber Trepca Mines
Langiangte
Estates
10
Canadian Pacific
Riy. $25 sh. $ 16% 16% Chartd. 167- sh,
(Bearer)
23/0
*23/6
20/-
20/8
13/9
13/10
있다..
26/-
14/6
14/6
3/a
3/3 27/3 28/6 115/-
65- 39/4 30/4
91-
01-
London Tin 10/-
Ab. Pekin Synd, 2/-
ord. sh. Rubber Trusts S'hai Elec, Constr. Van Ryn Deep
Vickers 6/8d, each Anglo-Persinn Oil Burma Oil Mexican Eagle
Mex. $4 sh. Royal Dutch 100
A. sh. Shell Trans
Trad, (Bearer) Geldenhuis Crown Mines
51/3 61/10 01/10% 92/6
11/0
1179
£ 23!%
£ 234
55/- 65/71% 30/- 30/-
212/6 212/6
at any port where there is Consulate of Mexico, the commer-director of Messrs. Smedley, Ltd. It is notified that at the expiration etal invoice covering such shipment dyers, who explained the scheme, of three months the names of the should be presented to the latter office said that reorganisation would Kam Hing Steamship Co., Ltd.. and begin with the piece dyers, which the New Zealand China Trading Co. in the Ltd, will, unless cause is shown to were the most advanced organisation, and after
the contrary, he struck off the register others would follow,
and the companies will be dissolved.
for certification,
Persons going to Mexico
from Hongkong should apply to the Con- sulate in Yokohama for passport vis
While the Plymouth Fire Brigade was fighting blaze in a Devonport shop, a large cat, ignoring the smoke and flames, walked into the shop. It made three visits-and each time Brought out ♫ moille.
บ
11.M.S. Cornwall arrived back from England this morning
re-fit and re-commissions,
ofter
The King's Exequatur empowering Senhor Rodrigo Guilherme Alves Guerrn to act us Consul for Portugal in Hongkong hus received Hin Majesty's signature.
His Excellency the Governor nominated Mr. Kan Tong-puas
a member of the Court of the Univer
them
Mr. G. B. Twemlow has been
Harold Green.
To-day only between 50 and 60 per cent. of work was available for the dying plants in the coun-appointed to act as Superintendent of the Botanical and Forestry Depart. | try and the keen competition was
developing into a war of attrition,ment during the absence on leave of which had forced on the industry dangerous beonomies, Research is being restricted and the plants are not being reconditioned, said | Mr. Bridge.-Router.
His Excellency the Governor has appointed Mr. J.11.B. Len to be a Police Magistrate in addition to his other
dlulies.
DAY BY DAY NEWS IN BRIEF
WHERE ALL ARE SELFISH, THE SAGE IS NO BETTER THAN THE FOOL, AND ONLY RATHER MORE DANGER- otis-Froute,
h
¿ Tex
40 p.
hold dance will be
sity of Hongkong for a period of Repulse Bay Hotel on Sunday
u n.
Mr. 4. If. Gelling bag been appuinted Deputy Registrar of Birth sand Denths.
•
It is announced that there will be at no dinner dance at the Repuler Buy at Hotel to-night.
It is notified that the names
Tai Land and Investment Co., Ltd., have been struck off the register,
The
Ipo Mining, $7 n.
Itogons, 7
Kailan, 27/6 n.
Langkats (Single), $17% n. S'hai Exporations, Sh. $4.50 11. S'hai Louns, $6 n. Raubs, $14.
Venz: Goldfields, $6.50 n.
Docks, ete
H.K. Wharves, $118
H.K. Docks, $14 n.
b.
S. China Motors A., $2 n. 8. China Motors K $8 ́n. Provident (old), $2.60 b. Providents (new), 80 cts, b. Longkews, Sh. $351 n.
Now Engineerings, Sh. 36.60 n. Shanghai Docks, Sh. $145 n.
Cotton Mills.
b.
Ewo Cottons, Sh. $13 S'hal Cottona, Sh. $119 n. Zoong Sings, Sh. $18. Wing On Textiles, Sh. $70 n.
Landa, Hotels, etc.
II. and S. Hotels, $6.50 n. H.K. Lands, $71 sa. S'hal Lands, Sn. $24 n. Metropolitan Lands, Sh. $14 n. Humphreys, $11.20 n.
H.K. Realties, 36.50 n. Asia Rearties "A" Sh. $140 a. Asia Realties "B" Sh. $20 n. Chinese Estates, $87 n.
China Realtica, Sh. $1531⁄2 n. China Debenture, Sh.$137 n.
+
Public Utilities. Tramways, $21.80 b. and sa. Peak Trams (old), $16.30 n. Peak Trams (new),, $7% a. Star Feries (old), $94%1⁄2_n. Yaumati Ferrics (old), $243⁄41⁄2 * C. Lights (old), $9.80 n. C. Lights (now), $9.40 n. II.K. Electrics, $78 0. Macao Electrica, $2334 n. Sandakan Lights, $8 m. Telephones (old), $26% 8, Telephones (new), 312.65 b. China Buses, Sh. $18.40 n. Singapore Tractions, 5/- n. Singapore Prof., 15/- n.
Industriala
Malabon Sugars, $14% n. Cald: Macg. (old), Sh. 21 Cald: Macg. (Pref.), $19 n. Canton Ices, $2 b.
Cementa (old), $2.65 b. Cements (now), $2.55 b. HK. Ropes, $6.60 n. Sturen etc.
Dairy Farms, $27 b. Watsons, $7% 0.
Der A Winge, ȘI n.
Lane Crawfords, $4.10 n. Mackintosha, $21 1.
Sinceres, $19,20 n.
Wm. Powella, $1.60 n. Wing On (H.K.), $140 n.
Miscellaneous.
{
Amusements $4% n. H.K. Entertainmente, $10% n. S.C. Enterprises, $135 n. United Theatres, Sh. 32 n.. Macao "Greyhounds," $2 n. Constructions (old), $2 n. Constructions (new), 54 cts. n. 1. ind. G. Bonds, 81% 11. H.K. Govt. Loan, 64% b. prem. Wallace Harpers, $a a
EXCHANGE RATES
three years. Tenders
Are heing invited, for alterations to pubile latring, Ningpo It is learned that us from March King's Studio Limited, and the Kaij Street, Kowloon. The work consists 1st, Dr. J. S. Dykes will be removing
dris tieneva. Berlin. of the conversion of the present try to Alexandra Badhling, sharing rooms caree Ksin water flushed, with Dr. E. C. Humphreys,
Helsingfors. system.
rize distrillon of St. Qalo The names of Dr. Tai Hon-fan and Stephen's College will be held at Athens, Tuang Teol, Chan Wah-sing and Dr. Yang Pau-chang have been ackled Stanley on Saturday, March at Milan... Woo Yuen charged
to the of medical practitioners, when Sir Henry Pollock will dis. Buenos Aires. before Mr. Hamilton, at the Central. Magistracy Both are barchelors of, niedicine and
iribute the awards, this morning, with the theft of, surgery of the Hongkong University. $5.78 from Au Ngau, a married wo
Two mun, at Chaiwan, were sentenced to six months hard labour each. They were originally charged with armed at No. Duke Street, Kowloon Tong, one of diphta, mint a case of robbery, but the chadge was with has been licensed by His Excellency animal rabies, were reported to the
the local health authorities on Thursday. Bucharest, drawn, and they pleaded guilty to the,
Hongkong. celebration of marringes in pursuance charge of larceny.
of Section 3 of the Marriage Ordin ance, 1876.
It is notified for general information
спася of soil-pox (one that the Anglican Church situated imported), one enge of paratyphold.
the Governor to be a place for
Madrid..
Feb. 22.
.77.23/32
.15.85 .12.85
Feb. 23.
77.13/32 15.774 12.86
19.00
130
583%
.220
220
$19.00
.630
.68.11/16
30
3615
Shanghai.. New York.
msterdam.
.14%
.6.0892
5.07
1/4.9/18
7.60/
7.67%
281
401
12214
..37.11/16
.610
512
.1/636
1/0
.23.03
21.85
.19.30
19.30
$22.40
22.40
100% .1/0.3/32 1/0.3/32
109
.4%
416 .12.7/32 1/2.7/02 .37%
.6.114
2014 Silver (forward)..20.9/16 War Loan.
102
37%
225 5.10% 2044 29.11/10 102%
•Stisk-Wireless.
Brussels.
An opening concert in connexion Stockholm.. with the Conservatorium and Music An official notification states that
Club, Kowloon Tong, will be given Copenhagen
Lisbon in the caas of applications to pur- In is notißed in the Gazette that his under the direction of Madame Lottle
Bombay. chase. land by sale by publle auction Majesty the King having approved Gordon, assisted by Mrs. Lylo-Wilcox
Wednesday, February Yokohama through the Public Works Depart the appointment of M. Alasdair and ethers, next nient, a deposit of two hundred Duncan Thell MacGregor, H. G., to be 28, at 0.16 p.m. The concert i to dellars must be made in the Treasury Chief Justice of the Supreme Court take place in the Conservatorium Montevideo before the same will be advertised in in succession to Sir Joseph Kemp, rooms, 190 Prince Edward Road, whera Belgrade. the Gazette or local papers, which Hin Excellency the Governor has, tickets may be obtained from the Montreal.. deposit will be returned if the sale under Instructions from the Secretary secretary, Miss B. Farnham. A moot Bilvor (spot).. taken place, but will be forferited if of State for the Colones, annointeding, and a children's club concert, arg the applicant falis to bid", the upset him to the post fron, the 22nd Febru- to be held at the Emo address next price.
Monday.
ary,
Planoforte Solo-Bercause (Chopin).
Ignaz Friedman.
8.15-9 p.m. Musical Comedy. Selection Lido Lady (Rodgers).
Savoy Orpheans. Selection Chu Chin Chow (Norton). The London Palladium Orchestra, Selection Casanova (J. Strauss, arr.
Benatzky).
Now Mayfair Orchestra. Selection-One Hour With You- (Itohin, Whiting and Strauss).
Now Mayfair Orchestra. Selection-The Cat and the Fiddle
(Harbach and Kern).
New Mayfair Orchestra. 9.11.30 p.m.
A relay of the Hongkong Hotel Danco Orchestra from the Hongkong Hotel Roof Garden.
10.30 p.m. Rugby Mid-day Press News
11.30 p.m.
Close Down,
All relays of the Hongkong Hotel Orchestras are by courtesy of the Management and during the intervals recorded music will be broadcast from the Studio.
SUNDAY'S PROGRAMME. 10.30-11.30am. A relay of the Service from the Union Church.
Preacher--The Rev. Dr. E. L. Allen.
Order of Service. Voluntary. Hymn-"The God of Abraham
Praise."
Invocation and Lord's Prayer. Hymn The Thousand Times, Ten
Thousand.".
Scripture Reading.
Hymn The Lord's my Shepherd."
Prayer.
Anthem "God Sends the Night”
Offertory.
Offertory Prayer.
| Hymn-"Hosanna, Loud Heaanna.
Sermon.
Hymn "Jeaus Shall Reign."
National Anthem, Benediction.
11.30-12, noon.
programme,
Chinese recorded
12-12.46 p.m. `A relay from the Hop Ynt Church.
12.45-2.30 p.m. European recorded programme.
1 p.m. Local Time and Weather Report.
2.30 p.m. Close Down
4.30-7 p.m. Chinese recorded music. 7-10 p.m. European programme. 7-7.28 p.m. Dance Numbers, Fox Trot-Mother of Pearl-Ev'ry Woman Thinks She Wants to Wander.
TangoMother of Pearl-When Any-
body Plays or Singa
Fox Trot Cover the Waterfront. Fox Trot-In "Second Hand Store.
Fiddle Play.
17 nltz-Plight Give me an Hour of
Love.
Fox Trot-Learn to Crogn. Fox Trot Moonstruck.
7.28-8.12 p.m. A Concert,
8 n.m. (Local Time and Weather Report). Orchestral Don Giovanni--Overture
(Mozart).
State Orchestra, Berlin, conducted by Dr. Leo Blech. Song-The Admiral's Broomi (Bevan). Song A Jovial Monk Am 1 (“La
Pounce"-Andran).
Peter Dawson (Bass-Baritone). Pianoforte Solo-Glede (From Fifth
French Suite) (Bach). Pinnoforte Solo-Jesu, Joy of Man's
Desiring (Bach).
Myra Hess. Song Thois--L'Amour est uno vertu
rare (Massenet). Song Thai Dis-moi
que je suis Belle (Massenet).
Karyas Beaujen (Soprano). Orchestral-Carmen-(Bizet),...---
Prelude to Act 1. Orchestral-Carmen-(Bizet)--
Entr'acte, Act 3.
Philadelphia Symphony Orchestra directed by Loppold Stokowski. Instrumental Quartet in C Major¬
ist movementAdoglo-Allegro (Mozart).
Capel String Quartet.
Song Outward Bound ("Songs of the
SeaStanford),
Song-Drake's Drum ("Songs of the
(Continued on Page 5)
SPECIAL MATINEE
TO-MORROW
OF...
BROADWAY REVUE
PRICES $3.30, $2.20, $1.10
&... 50\ch..
SPRING RACE MEETING
MEMBERS' TIFFIN BOXES
We are prepared to deliver Wines, Spirits, Mineral Waters, etc., to Private Boxes daily, during the, forthcoming Meeting. All unconsumed stock, provided it has not been on ice will be collected free of charge and allowed for in full at the end of the Meeting.
CALDBECK MACGREGOR & CO., LTD.
Ice House Street. Prince's Building,
Telephone 20075.
MODERN UPHOLSTERY
OF THE FINEST QUALITY,
A RANGE OF VARIOUS DESIGNS ALWAYS ON VIEW
IN THE SHOWROOMS
OF
ARTS &
BAYER
CRAFTS Ltd.
Cough
catarrh, respiratory troubles what terrible tormentors I But do not despair,
'Cresival
the proved remedy, will also help you. Give it a trial to-day and convince your- self of its excellent quality. "Cresival' is very, palatable” and stimulates the appetite.
CRESIVAL