HUGE GOVERNMENT
LOAN SOON TO BE
FLOATED
(Continued from Page 1). than is required at this date to be set calde.
SINKING FUND SATURATED.
In other words the sinking fund more than saturated, it
estimated to Then there is the Sinking Fund of the old G Public Works Loun 1027 which will yield £147,000 and the invested surplus funds of the Colony amounting to $114.000 a Lotul of £1,259.006 leaving £225,733 to be found from the proceeds of the present loan Under Item No. 7 of the Schedule $3,400,000 is provided for this
UNEASY DOLLARS
* BRITISH COMMENT ON
U.S. AFFAIRS
THE HONGKONG TELEGRAPH. THURSDAY, MAY 31, 1934.
MORATORIUM
SIX MONTHS' GRACE FOR
GERMANY.
London, May 30.
London, May 31. The review of a well-known The conference in Berlin be. merchant and banking firm, die-woon Germany and her long and cussing Prealdent Rovsovelt's medium term creditors, which has ver message, given the opinion that been in progress since April 27, the price of silver will not rise ended in a partial and provisional British, French and are merely awaiting an opportunis agreement
awaiting an opportuni-Swedish delegations undertook to ty of liquidation.
recommend the German offer, pro- The sale of American dollars,vided requirements of their rem acquired by eventual sellers of pective governments are satisfied international value of the dollar talned, in the event of the scheme silver. will probably depreciate the and that liberty of action is re- to a point where it will be proẞl-being operated to the advantage of
ble to export gok or where the other nationals, relative price of American goods, The American delegation, gave in terms of depreciated dollars,, will become salciently attractive affer. The Swiss and Dutch dele- to stimulate foreign buying.
The review add that it is di- gations dissented on its terms.
The Dawes and Young Loans The total advances from surplus silverites" did not obtain
eult to believe that the Americanore excluded from the proposed ar- balances on account of loan works | unofficial assurance, na to what rangement under which bondhold at the end of this year were
ers are offered funding bonds bear- extimated when the 1934 Eattmates extent the Treasury will implementing interest at three per cent. to
Its new authority. were prepared at $11.188,307. Assuming that the whole of this disturbing element of uncertainty sum is
spent this year, which At least, has heen infected into the do not anticipate, the total money international monetary situation. required to liquidate the advance-Beater. account and to supply the balance
purpose reckoning is./4d.
exchange at
of fonds for redeeming the Sterlia Joan amount
608,307.
10 $14-
$14,000,000 AT OUTSET.
It will be observed that Goy- ernment is taking power to borrow the full $25 millions
The review concludes 1'
some
⚫ new
RUBBER PRICES
LATEST SINGAPORE
QUOTATIONS
but
it in Messrs. Benjamin & Patis have proposed in the Arst instance to received the following. Straits lande honds to an amount of $14) currency quotations (buyers) front millions only, the remaining $11 Singapore Lo-day for raw Rub inillions will be issued on one orber: more occasiona on *0270! future dates as required.
Spot.
July/Sep.
Oct/Dec. Jah/Mel
IDA cts.
20 cts. 20
cta. 2134 cts. Market: Quiet, with no changes in rates.
this issue will be paid off in years.
25
no undertaking to recommend the
mature January 1, 1945, or cash to value of 40 per cent. of the
face value of the coupons, payable six montba. after the due date. The offer appiles to coupons due in the period from July 1 next to June 31, 1938. Payment of prin. elpal, Interest and sinking fund would be guaranteed by the Ger- man Government and would not be subject to any transfer rentric- Lias.-British Wireless,
Loans.
Dawes, You May 30.
The chief result of the Berlin Conference has been the marking
up of the Dawes and Young Loans, though both are excluded from the new agreement, and their prices touched 77 and 67 respectively. The news did not affect the for- eign exchangea
The Financial Times Berlin cor- respondent learns that Germany in- formed the trustees of the Dawes, Young Loans of Germany's in- With the Sterling loan paid offability to continue service, and the Colony's public debt at the end asked for a conference.
The price of Isaur hus been fixed at 59% the bonds giving n Bat yield of 3,536% or allowing for redemption over the full period of 25 years of 3,566%. The insun of $14 millions has been ander written without expense to the Government and of this amount 30 millions has already been taken up leaving $5 millions 10 the of this year will stand at $4,838- Considering the attitude taken public from whom subscriptions 000 in 47% bonds (redemption loan by the British and other Govern will be invited in about two weeks. 1933) repayable at par in 1953 andments on this question. It is not
BEARER BONDS.
$14,000,000 in 3% bonds The bonds will be
re-junexpected that Germany will be in bearer payable as above in 25 years, amore successful at the new confer- form and in amounts of $1.000. total debt of $18,8:38,000 which is ence than she has been in informal $6,000 and $10,000 with interest only a little more than one half discussions.--Reuter. coupons attached. No sinking of the Colony's present yearly
Sharp Advance. fund will be established but revenue.
A sharp advance in Dawes and amortization is provided by
Particulars an to method of Young Bonds took place.
on the oual drawings of 1/25th of the application. deposit required, Stock Exchange this morning. amount issued. The first draw together with forms of application Young Bonda at one time showed ing will take place next year when for the bonds will be issued when a rise of six points but at mid- bonds to the face value of 1/25th this bill is passed. The loan will day were quoted at 3% up t of $14,000,000 will be repaid on be domiciled at the Hongkong 54% and Dawes, after being 77, the 15th July, 1936. It will be office of the Chartered Bank of were two points higher at 75. seen therefore that the whole of India, Australia and China.
British Wirelens.
GREAT SUMMER
Clearance
LONDON STOCK EXCHANGE
LATEST SHARE QUOTATIONS
The following quotations on the London Stock Exchange have been received by Messrs. Swan, Culbertson and Fritz in conjunction with Reuter.
Chinese Bonds.
02
41
4%
6
5
May 20. May 30. Bonds 1898 (Eng. b)...101 Lonn 1908, £99 Loan 1912. £ 69%
Reorg L
£101
£70
1918 (Tin. Iss.) £ 02
£ 922
5
Banils 1925-47 £ 86
2884
S'hat-Nanking
Itly.
A 68
£ 68
Tient.-Pokaw
£ 36
£ 36
kly. 15% Tight Pakow Rallway Supt. Loan)...
£264 £2415 5% S'hai-ll'chans-
Ningpo Rly, ... £ DO £ 00
Hukuang Bly. 15% Honan My..., £ 20
£ 28
1911....... 30 £3014 5% Lung U
Hai Rly, 11. 15. 1514
Foreign Bonds and Banks. German Int.
72
Loan 1924....
Japan 5 Sterling
Lonn 1007 £ 73% Japan Goa Sterling
£ 80% Lonn 1924
£ 37 H.K. & S'hai Bk.
(Ldn. Regd.) £131, £131 Cimrud. Bk. £5 »h, £ 16% £ 18 Industrials and Breweries." Associated Elve.
744
£74
Brit-Amer.
Industries... 17/3 17/3
Tob
Chinene Eng, and **
General Electric
(England)
Impl. Chem Ind.
ENGLISH GIRL MAKES GOOD IN HOLLYWOOD
Pat Paterson's Work In "Bottoms Up"
What a surprise Pat Paterson handed out to her British friends and admirers when, after only three months in Hollywood, she married the French actor, Charles Boyer, at Yuma, Arizona,
From the moment Pat Paterson Jarrived in Hollywood she was an enormous "hit," Petite, the pos Messor of #perfect figure and small.
exquisite features, she has a charming speaking voice and aptly fulls that oft-quoted "charming English rose" description, applied to British girla.
Pat, who was born in Bradford and 122, was given a starring part in her first American film, "Bottoms Up" which starts a run at the King's Theatre on Sunday. It was her work in the British production, "The Right to Live." that caught the eye of the Fox chier, Winfield Shechan, when he was over here last year and reqult- ed in
ILTE immediate tent and contract.
Charles Boyer, who is 34, was last seen by filmgoers in this country in the Lilian Harvey pro- duction made in Germany, "The Only Girl."
ACKNOWLEDGMENT.
BRITISH EMPIRE CANCER RESEARCH FUND CAMPAIGN
The Treasurer, Sir William Shen- ton, has great pleasure in acknow ledging the receipt of the following further donations to the above Fund? Mr. Fan Shly-nam
In Memoriam "II... A.J.W,
HAW.....
(Bearer)
120/74 1207-
Min. (Bearer) 2, 218
21/
Tato and Lyly..
120/8
2018
Courtauld
*50/3
49/9
Distillers
90/-
89/9
Dunlop Rubber
. 10
47/0
47-
Everrendy - h
20/414 20741%
Mr. S. A. Gray
&
108
21/-
40/0
Boots......
Mr. Kwok Chan
20
44/3
44/-
94/0
3470
$156
Impl. Chem Ind.
Def. 10-s...
8/10
8/10%
Impi. Tomeco
120/116 125/0
Internat. Nickel
Woolworths
no par val .... $20 Pinchin Jonson
.....
Turner and Newall" Unilever
HE
DU/-
Estates
35/6
30/
Lontion Tin-10-
$26
BIT..
14/9
MA
Pekin Syml 9)-
68/14 07/0 47/- 40
- 24/-
ord. sh....
3/-
37-
Rubber Trusts
01/10% 31/0
Slai Elve. Constr.
587- 53/-
Miscellaneous
Van Ryn Deep Elec, Musical In-
dustries
45/7 GE!
32/0
HR/-
Anglo-Dutch
2470
2476
Oils.
Burma Corpn. Ro.
Anglo-Pernian Oil
48/9
17/0
Canadian Pacifte
Chartd. 15/- ·sh.
10 ........ 13/3
Riy, $25 h. $155 $15
(Reuren)
Gula Kalumpeng
Rubber Trepca Mines Langlang ke
13/3
24/0
24A
2/14 2/3 13/-
Burma Oil...... Southern Railway
(Deferred)
Royal Dutch 100
4. sh......... £20
Shell Trans
and
Trad. (Bearer}
12/10% Geldenhuis
|Crown line
105/3
10474%
25/-
24/6
£20%
49/9 38/9
31/10%. 31/10%
346/3
247/0
Whiteaways
SAWAY LAIDLAW. &•CO·LTD.
GREAT
PROFIT SHARING SALE
BLUE PENCIL BARGAINS
150 only
MEN'S
PITH TOPEES
Pigsticker and Polo Shapes. These
are slightly soiled but will be useful for Golf, Beach, Hiking and for the garden.
Blue Poncil Price
$1.50.
WHITE COTTON SLIPOVERS
200 only
MEN'S SLIPOVERS
White Cotton, Honey Comb Knit
All sizes.
with coloured neck.
Usual Price $2.00.
Blue Pencil Price
$1.50 each.
MEN'S BATHING COSTUMES
Men's all Wool "Windsor" Bathing Costumes. Smart designs. Good fitting. Usual Price $19.50.
Blue Pencil Price $13.50,
MEN'S OUTFITTING DEPT.
WHITEAWAY, LAIDLAW & CO., LTD.
ALHAMBRA SUNDAY
WORLD
SHE LED A DOUBLE LIFE
A BLONDE
by night
A BRUNETTE
by day
DRINK
BOOTH'S
DRY
I'll tell
you why
ALL NEW LINES
NEW HATS HALF PRICE.
THE BEST AMERICAN BATHING COSTUMES
LESS 20% !
SUMMER GLOVES
$2.50
AERTEX UNDERWEAR .95
SILK BLOOMERS
.95
AMERICAN SILK STOCKINGS .90
MANY ESSENTIAL SUMMER LINES INCLUDED
SHOP LE
LE BEAU
TO-DAY
KING'S THEATRE BLDG.
D'AGUILAR ST.
UNLIKE OTHER DRINKS IT IS EASILY DIGESTED
SOLE AGENTS,
COOTA
OLD
CALDBECK MACGREGOR & Co., Ltd.
to keep the love of one man!
JOSEPH M. SCHENCK-
Presents
CONSTANCE
BENNETT
MOULIN
Released them UNITED ARTISTS
WITH
POUGE
FRANCHOT TONE
TULLIO CARMINATI and RUSS COLUMBO BOSWELL SISTERS
Directed by SIDNEY LANFIELD A Darry! F. Zanuck
Production'
They change so fast, there should be a new picture at least once a year, for photographs of the children never grow up.
+
Make an appointmont to-day..
THE MING YUEN STUDIO 17, Queen's Road Central (First Floor) (Between the H.K. Hotel and Dalry Farm Store, Queen's Road C.)
Tel. No. 24310,
20th CENTURY
PICTURE