COMPANY REPORTS | NEW YORK STOCK |
WHARVES ANNOUNCE. DIVIDEND AND BONUS
Subject to audit, the Hongkong
-טה
EXCHANGE
MARKET BETTER
YESTERDAY
оп
New York, Feb. 7
me
THE
HONGKONG TELEGRAPH. FRIDAY,
FEBRUARY
1985
LONDON STOCK EXCHANGE
LEGAL POINT RAISED
LATEST SHARE. QUOTATIONS
The following quotations on the. London Stock Exchange have been received by Messrs. Swan, Culbertson and Fritz in conjunction with Beton
Feb. 6. Feb. 7. British Government Securities
redm. after 1052 £108% 2108%%%′′- Chinene Bonda
41%% Bonds 1898.
Con & Kowloon Wharf & Godown Ltd. report that the balance at Prost and Lois Account for the year ended $545,037.77, December 81, 1934,
The following reports on the New which together with $811,929.81 brought forward from the previous Yark stock market have been received through Messrs. Swan, Culbertson & year makes a total of $867,287.08 FTICE: The Wall Street Journal.
report available for appropriation..
yesterday's markets War Loan 84% The Directory will, at the approach. Stocks were quiet but upward. The
market opened downward but Ing meeting of shareholders,
Vanced after Mr. Homer Cummings the Attorney-General, announced that the Government was ready for any emergency in connection with the Gold Clause decision. Gold and silver isnucs were firm as well as #om- munication tocka, especially the American Telephone & Telegraph. Bonds-advanced on increased optim-5 Ism. Stocks on the Curb Exchange were irregularly higher due to short covering.
commend the following distribution: To pay Dividend of
$0.00 per share $480,000.00 To pay a Bonus of 50
cents per shera
To transfer to Itonowals
a/c
To carry forward to noxi
account
40,000.00
70,000.00 207,087.08
$857,287,08
Humphreys Estates
(Eng, Ies.)... £104 4% Loan 1908. 00 Loon 1912 £80
Reorg. Loan (Lin. Inn.).... £ 99.
5%
£ 09
084
£104%%% -80%
£ 084
Bonds 1025-47 £ 084 S'hai-Nanking Rly
£824 - £°82- Tient.-Pukow Rly.
£ 8615 36% Tient.-Pukow Railway (Supl. Loun)
£30
£30 £100%
4
B. C. & F. New York offen cables-15% The Bell System has gained 39,100 telephones during January, as against pe Shal-Il chow- 22,500 telephones for the same period
Ningpe Rly... £100 The following report will be sub-last year. Deflationary utility bills on will be introduced Into Congress at mitted at the annual meeting. February 20, of the Humphreys an early, date. Carlandings for the Estate & Finance Company, Limited: Phat week, indicate an extra seasonal
The Directors beg to submit their report and statement of accounts for the year ended December 31, 1934. The nett profit for that period, after deducting Directors and General "Managers' remuneration and including $32,270,79 brought forward from last account,' aufounta
$201,382.RD to Which the Director recommend should be appropriated an follows: Pay a dividend of 8% on
200,000 shares. $100,000.00 Transfer to Special Re
paira and Renewals
rise, owing to a large coal movement. President Roosevelt has announced that there will be no change in the Rall Lending Policy. A rounding-off In the business trend in noted in most business indexes and in the douar value. Chain store sales for January averaged 10% above n year Federal tax collections for 1034 from ali sources are estimated at 44% above the previous year.
Now York and Chiengo commodity reports received through Swan, Culbortson and Fritz:-
Cotton: There
6%
6 Hukuang Itly.
Honan Rly...£ 34
£ 47%
bre
£ 34
1911 Ting U
£475% Lung lal Rly. 101818% 18%. Foreign Bonds and Banki German 7 Int.
Loan 1024 £ 7014 £ 70% Japan b Sterling
Loan 1007 £70 £80 Japan 6 Sterling ago.
£ 8814 £ 88 Loan 1924 H.K. & S'ha! Bk.
£1334 £134 (Ixia. Regd.) Chartered Bk. £5
£ 15 .ab.
£ 10 Messrs.
Industrials and Breweries
Elec, was subdued in- Associated
Industries
25/- .25/- terest cotton, as well as other com modities, pending the Gold Clause British-Amer, Tob,
124/4% 122/6 decision, in regard to which, if the (Baster)... decision in adverse, prompt legista- Chinese Eng. and
10/-. Min. (Bearer).
107- tive action is reported to have been
100/0 100/9 Tate & Lyle meet the situation. prepared
48/D 40/3 Grains: There was moderate buy-Courtaulda 201,382.80 ing an u well
03/9 liquidated market. Distillers...
51/- Interest is the smallest since July. Dunlop Rubber Director-In accordance with Corn followed wheat and a corn-hog Allied Iron Found- Clause 80 of the Company's Articles of Association Mr. J. Scott Harston, offerings were not an well taken and General Electric
(England) Mr. J. M. Alves and the Hon. Mr. an import threat will probably arise
but being on a further advance.
Boots 5/-ah. C. Gordon Blackle retire eligible offer
Rubber London cables a growing.Impl. Chem. Ind. election.
belief that troubles in other con-Impl. Chem. Ind..
Def. 10/- sh... Auditors-The accounts have been modities will not cause further selling. audited by Messrs. Percy Smith, It is reparted here that rubber
now Impl. Tobacco
5/ Seth and Fleming, and Messrn. Lin-independent of the pepper altuation in Woolworths stead and Davis, who offer themselves | London. The market is reacting well,
Nickel for re-election.
A/C
Carry Forward!
.
11,502.76 20,880.13
themselves for
H.K. Tramways
on
At the annual meeting, February 21, of Hongkong Tram- ways, Limited, the following report will be presented:
The Directors submit the nudited. statement of accounts for the year ended December 1, 1934. The profit for the year
amounts to
Makes a balance of $1,002,220.84
From wirth appropriations
sprend added interent, but country
Hidden: The Government is report- ed to have finished its drought cattle buying prograinine with three million useable hides in storage.
30 Industriala
cra
23/0
51/
40/7
40/3
40/-
48/0
40/- 49/3 38/10 37/3
0/10% 10/11% 109/8 139/4%
ah.
110/3 110/3 Internet
$ 23 $ 21 no par val
NO/3. 82/0 Canadian Celanese Turner & Nowall 60/0 67/3 United Steel
27/10% 27/1011⁄2
The following quotations are ruter, Dow-Jones Averages:
by
Feb. G.
Feb. 7.
100.23
10101
Miscellaneous Anglo-Dutch .... 23/- Burma Corpn Es
670
20 Rails
31.70
32.25
Austin Motors ord,
20 Utilities
16.84
10,00
Ah.
48/3
$945.520.26
40 Bonda
05.00
00.19
Chart 15. sh.
and together with amount brought forward from last Account.
11 Commodity
57.50
67.96
(Bearer)...
22/3
*2/71
8/9
48/A
22/3
10 Lending Blocks
+
Gula Kalumpòng
140,001,58
Feb. 7.
Rubber
22/ 22/
Amor. Smelling
34%
Watney, Combo &
Auburn
23
Reid def. ord.
71/6
70/-
have
Саяс
54
Randfontein
been made, as follows:
El. Bo. & Sh.
Г
Estates
54/0
54/9
An Interim Dividend of
Gen. Motorn
Sub-Niget
206/-
266/+
Int. Tel. & Tel,
$325,000.00
Montgomery Ward
8% 20%
Pekin Synd. 2/-
ord. sh....
2/3'
1/10
Nat. Distilleen
20
Rubber Trusts ..
30/0
30/9
68,000.00 NY. Central
16%
Shaj Elec. Constr.
51/6
61/6
U.S. Steel
Van Ryn Deep.. Electric- Musical
Industries
50/4
Qila
Burina Oil
50/4
33/74 33/D
51/3 1/3 70/4 79/4%
Southern Railway
(Deferred)
£ 20%
£ 21%
Rolls Royce £1
ah.
111/3
111/9
Shell Trans and Trad. (Bearer) Spring Mines Crown Mines 10/-
Chosen Corpn.
52/0 5371% 180/0
187/0
280/3
280/3
33/0
33/0
60 cents per share paid 23rd August, 1034 Writion-off Goodwill and! Construction Expenses. Transfer to General Re
serve Account
A Final Dividend for the year 1934 of 70 cents
per share in now re- commended Directora
by the
100,000.00
$400,000.00 KWANTI'S NEXT RACE Anglo-Persian Off
487,500.00
$980,500.00
Leaving to be carried
forward
$111.720.94 The Directors retiring by rotation under the provisions of Article No. 95 are Mr. F. A. Joseph and lion. Sir Shou-son Chew who, being eligible, stand for re-election.
MEETING
(Continued from Page 8.)
Flummery will be ridden by Mr. Davia and therefore should com- mand respect.
The Fat Choy Handicap Hurdle race of one and a half miles should provide us with a good race be- tween Festival Eve and Soldier of The accounts submitted, have been Italy, and I have a strong fancy audited by Messrs. Lowe, Bingham and Matthews, who, as Auditors of for the latter. No Fear, if started for here, is my choice for the third the Company, offer themselves re-appointment.
GERMAN ADHERENCE TO NEW PACT
NAZIS TO DISCUSS *PROPOSALS
place.
RACING PLUCK'S TROUBLE
U.S. COMMODITY PRICES
LATEST CABLED
QUOTATIONS
SHROFF ACCUSED BY MASTER
OF EMBEZZLEMENT
RADIO BROADCAST
An interesting legal point arose yesterday afternoon at bo Central Magistracy, as to whether a promis of a felony, and the commission
From the Studio sory note made out by a man after A Light Pianoforte. Recital
absolve him from criminal respons accepted by the complainant, would
Mility.
The case, which came before Mr. W. M. Thomson, was one in which Ho Chun, a salesman and shroff employed by the Hop Hing Contes tionery Shop, No. 8 Tung Street, was charged on two counts (a) that he' between February 25 and Apr 26, 1936, did fradulently and feloniously, embezzle and steal a sum of $180.80, and (b) between April 15 and April 20, 1934, did feloniously demand, re eclve, obtain, cause or procure by means of a false chep a sum of $03.81 from certain customers of the Hop Hing Shop.
Mr. Hin-shing Lo appeared for the prosecalion, but defendant was not legally represented,
Datiining the case, Bir. Lo alleged that between the dates mentioned in the charges, defendant collected the sum of $180.80 from various cus- tomers of the shop but did not make the necessary entries in the account book of the shap. The defendant later absconded. Before he absconded, however, he went round to a number, of customers and collected six dif- ferent ums by means of a falso chop. Ifo left on April 20, 1984,
Defendant Loented
Defendant was eventually located and brought back to the shop. He was questioned regarding the various suma he wen alleged to have collected, and admitted that he had collected the money. He was persuaded to sign a promissory note, this being on May 1, 1934. After signing this note, ho left the Colony, and was not seen again until the end of last year.
An appointment was arranged be- tween the complainant and the do- fendant to meet at a tea-house fol- lowing a telephone mesango received
this by the former. At
moeting, complainant was necompanied by a fok, while the defendant had several One of the fire firemen with him. men told the complainant that if he wanted the money, he would have to go to the Fire Brigade to get it. that he wan Compainant alleged threatened with physical violence it he. persiated. He then reported the matter to the Police.
Mr. Lo stated that he ought to mention that when the complainant reported the matter to the Police he did not refer to the promissory note at all. He told the Police of tho various sums the defondant had col- lected before he absconded, and even when Mr. Lo himself came into the case, the complainant did not men- tion the promissory note. It was not until the proceedings had started that the promissory note was mentioned and produced."
EUROPEAN PROGRAMME
From Z.B.W on a wavelength of 155 metres (845 kilocyclos):
4-7 p.m. Chinese Programme. 7-11 p.m. European Programme, 7. p.m. Closing Local Stock Quota. tions.
7.63-7.28 p.m. Quartet in G Major, Op. 18. No. 2 (Beethoven)
Flonzaley Quartet. 7.28-7.43 p.m. Concert Waltzes, Invitation to the Waltz (Weber, Op.
05)
Immer oder Nimmer (Waldteufel) Zigounerliche (Lehar)
7.45.8 p.m. A Recital by Danny Malone (Tenor).
1. She is far from the Land.
2. The Dear Little Shamrock.
3. Mother Machree,
4. Love's Roses,
6. Sweetheart Darlin'.
8 pm. Local Time and Weather Report.
6.93-8.43 p.m. Variety. Piano Solos-Lot's Fall in Love. Piano Solos-Love is Love, Anywhere Carroll Gibbons.
Vocal Gracie Field's Medley
Gracio Field's (Comedienne). Instrumental-Smiling Eyes Songs-A Broken Rosary Songs-In the Little White Church
James Molton (Tenor).
Plang Solos-Dancing. Butterly Piano Solox-Waltz Time Medley
Rale da Costa.
Orchestra-Noel Coward Melloy
8.43-9.30 p.m. A Columbia Pro- gramme.
Symphonie. Espagnole for Violin and
Orchestra (Lalo, Op. 21)
Bronislaw Huberman (Violin)
and the Vienna Philharmonie Orchestra,
Sonen-Take, O Take those Lips away
(Peter Warlock) Bongs There is a Lady Sweet and
kint (Peter Warlock)
Parry Jones (Tenor) Viola Solo-Venetian Gondola Song No. 1 ("Songs, without Worda") (Mendelssohn)
Lionel Tertin. Aria-"La Boheme"-Yes, They call
me Mimi (Puccini)
Rosetta Pampanini (Soprano). Choral "Messiah"Halleluja
Chorus (Handel),
The B.B.C. Chair with Orchestra
and Organ.
9.30 p.m. Reuter Preas Bulletins, London 1 p.m. Stock and Commodity Quotations.
9.35.0.55 p.m. From the Studio. A Light Pianoforte Recital by Mildred Murray Lewis,
1. Spring Song
2. Dans Negre
3. Romance No. 3 Liebestraum
4.
5. Clair de Lune
6. The Sca
.Grieg.
Cyril Scott.
9.35-11 p.m. Dance Music.
..Sibelius. ...Liazt.
Debussy.
Palingren.
10.30 p.m. Reuter Press Bulletins,
11 pm. Close Down.
His Worship stated that unless the prosecution could produce evidence to satisfy him to the contrary, he did not think the first charge could stand. | Rugby Mid-day Press, News, Further Tho lleged embezzlement took placa | London Stocks and Commodity Quota- between February and April, but tlona, though the defendant was stated to have absconded, no warrant for his arrest had been applied for by the complainant. The fact that defen- dant was made to sign a promissory note would indicate that the coni- plainant had condoned the defon- dant's action.
Complainuni Takes Stand
Mr. Le then suggested that the complainant should take the witness stand and his Worship would then be in a better position to Judge the matter,
Wong Piu, the master of the Hop Iling Confectionery Shop, testified to the facts outlined by Mr. Lo.
After hearing the complainant, his Worship said was not satisfied with the ovidence brought before him. Mr. Lo asked his Worship to say whether it was his view that the evidence of the complainant was not reliable, or whether the defendant, ng the result of being allowed to sign the promissory note, had been ab- solved from criminal responsibility.
His Worship, however, would "not make a statement.
Mr. Lo then applied for leave to withdraw the charges "in view of the
covered fact that the prosecution had dis
promissory note instituted
The application was granted, and defendant was discharged.
"You are
very lucky," was bio Warship's comment to the man.
Cortal.
The Shoung Shiu Steeplechase Mearra. Swan, Culbertson and Frits of one and three-quarter miles have received the following quota- looks to be a gift for Frido of tions on the New York exchange for Tsingtao, on his last running, but yesterday in conjunction with Reuter, I gather that he is a doubtful
by the defendant in favour of the Feb. 7. starter. Failing him, I expect to
complainant treating the various sume Closing
of money referred to in both_chargen ace Burgomaster score again, with
Rangy as a loan, and that the defendant was Punch filling the third place. March
12.32-12.59 fancied Racing Pluck for this May
12.10-12.40 not legally represented at the pro- Berlin, Feb. 7. race, but owing to leg trouble, he July
12.40-12.40 ceedings." The crucial importance of the will be a non-starter, and I gather October attitudo
Germany will that he will not be seen on a race which adopt towards the Anglo-French course again until the Autumn. I hear of his break- proposals is emphasised by the was sorry announcement that Herr Hitler down as I think he would have March has cancelled all engagements for shone to advantage over fences, Blay the next ten days, owing to im-hia two performances at Faniing July
being most creditable.
September portant political discussions.
The Fox Hunters' Race, Light October Opinion as to what the German Weight Division.
Tom Cobley Decembor attitude should be, appears to be would appear to have this race at divided to some extent. On the his mercy. Skewbald Griffin and one hand there is the viewpoint of Toby should be found amongst the July the Foreign Office, under Baron placed ponies. von Neurath, which maintains the - The Diana Cup. On form this spirit of goodwill originally, ex-race should rest between Happy pressed towards the proposals, as Hit and Marina, but Wembley.
and Wakefield should not be May
likely that the Reichswehr
New York Cotton,
Feb. 6.
Close
12.81
12,84
12.34 12.28
12.28.12.28
December January (1930) 12.36 12.50 Spot..
New York Rubber
12.08 12.75-12.75 12.80 12.88-12.90 12.97
19.03-13.06.
18.23 13.41
12.34..
12.30-12.39 12.99-12.30 12.55
Total sales:-344 lots
Chicago Wheat
94% May
87% September
054-05 88-884
8674-807%
Wednesday's
a basic for negotiations, the will overlooked. Sprig has been quint Septe welcome a frank discussion of the ly passed on to me as a good tip, proposals, especially those rela Spinaway ran very badly last ting to armaments, in view of for-time out and for this reason I am aign allegations of secrot German inclined to ignor his chances.
I lay ra-armament.
gather, however, he has had
13.10 13.16-13.18
13.24-19.24 13.42-18.42
.80%
sales:-8,892,000 bushels Chicago: Corn
82 834-8314 78
70 -79% September
76
70-70% Total sales:-3,372,000 bushels
Winnipeg Wheat.
82-8 821 81%. 81%-81%
1:3241.34 -1.34 1.32 1:3346-1.34 132 133-134
July
New York Bilk
On the other hand, extremist plenty of schooling over hurdles Morchs Nazi officials view the proposals and, although he strikes me as bo- May in a less cordial, light, as they ing timid, he' may run better. I July contain certain aspects definitely like the pony and therefore I am Total sales-04 lots conflicting with the party's pro-not. going to, ignore his chances
March altogether. gramme,
The Gorman Ambassador to The Fox Huntors' "Race, Heavy May Parls, Herr Loorster, is returning Weight Division. I am not look-July to Paris immediately with a Notoing beyond Winchester Stag for Total salex:-2 contracts) asking for enlightenment on vari the winner. Golden Star and ous points in the programme
Reuter, 10
September
Montreal River,
54.30 64.25 54.65. 55,20
54.02-54.30
64,20-54.45
.64,50-54,60 55.10-55.50
Dairen are my fancies for the Copper, March. "second and third places,
New York Meinl
6.03. 50.50 -
50.60
Tin March
It lon't the yarn you use but how much you have on tha -ball-that-counts.--
ZEESEN PROGRAMMES This Evening'a Broadcast From The German Short-Wavers
Epacial DTORFEMMES for Fr Contern will be broadcast from Zesz followe
SOUTH ASIA ZONE,
Bouth Asia Zone, broadcast from DJB, (15.74 metron) and DIN (B1.44 metruu),.
4.49 p.m. 13JE, DJN Annonaerment (Germ
Engl.) German Falk Bang. P gramime Forecast (German, Eng- Jah),
6 pm, Woman's Hour.
6.30 p.m. News In Engillah.
4.4 p.m. Relayed from Hamburg:
Popular Chamber-Music,
4.43 p.m. Newa in GermIAN.
p.m. Coneart of light moale. 45.06. Noma-in Englich,
1.15 pm. Close down Din, DIN (Germ..
Eccl.)
EAST ASIA ZONE
East Aale Zone broadest through DJA on 1.38 matres, and DJN 181.46 metres),
1 p.m. DJA, DIN Announcement (Gerz1
Engl) German Falk Bong, Pre- sramme Ferocust (Germ. Engl.) 3.45 pts News in English 50 DIA and
It Dutch as DJN. 13 p.m.
.15 p.m. Wemy Her.
"Maule from Hamburg."
1 p.m. Bbert Musical Programtha Bangs Theodor by Richard Etrauss
£1.24
Schiott (Baa-Baritone), at the planos Gerhard Kla
.. News in German on DJA and
DJN.
11.10 p.m.
"Der Angeklagte spielt." A Mualem Play by Hans Heinais. 12.18 mat. News In English on DJA and
In Dutch on DJN.
13,30 40. Clan dewa DJA, DIN (Gero,
Zurl)
KZRM PROGRAMME
K SHOES
Tan Calf, Black Box Calf
and Patent Leather.
$21.50 to $28.50 Less 10% discount for canh.
?
Do you And it difficult to buy a really fitting pair of shoes? Many men's shops and shoe departments are so small and l equipped that they nevar seem to have the right size, never the right shape.
Not so at Mackintosh's. Here amidat
a great variety of shapes and sizes you will "certainly" and "the most com- panionable shoe for your foot,
K Shoes are made in three widths to every half size from 5 to 11. All with the "plus" fitting principle which ensures a perfect fit-close, at heel,. easy across the toes.
MACKINTOSH'S LTD.
Alexandra Building,
K Shoe Agents,
Des Voeux Road,
CHEVROLET/
A Valve-In-Head Engine With Blue Streak Combustion DEVELOPS 80 HORSEPOWER in
this spacious and luxurious Fedan.
No other car of lowest price combines so much comfort and roominess with such great power, smoothness and economy as this distinguished-looking closed model. Mako, a point to Inspect it more' closely at our Showrooms.
FAR EAST MOTORS
FAAN O
ESPOTS
No question about it, it is annoying to find that you've spotted a perfectly But don't let lovely dress.
it annoy you too much. Try our Valeteria service. We.
have special safe solvents.
26, Nathan Road, Kowloon, Telephone 59101.
t
Clean, Noat OR wear or for Fbusiness, a man's suit
should always be clean, and chemical neat, Cheap cleaning is not economical.
This Evening's Broadcast From THE STEAM LAUNDRY CO.
Manita Station
The following programme will be bromjenat from Manila to-night.
3 p.m. Studio Varieties.
8.30 p.m.
Elastista,
3.JS p.m. Bongs by Berglo Desquitado. 1.10 p.m. Spanish Informational Period. 4.30 .. English Informational Period
p.. Detiar Blownship Co. ProSTAM-
(Chain EEEG).
1. p.m. Kons of the Philippines→→The
Berenader, f. p.
Goodrich International Rubber Co. PISTOLK
7.45 pm. Eleside Cia Programosis.
Pm, Cleb Basuty. Products Programide, 8.16 p.m. Far Eastern University First An
niversary PrDETAMINE,
9. P. Stock Quotation.
142 pao Bay View Alutal Orchestra. 10. Berarion."
10.39 p.m. · Sign Of.
DAVENTRY PROGRAMMES
To-day's Broadcasting. From Four Transmissions
The following wave-lengths and, Eroqmansion are aberved by Daventry,
1189).
Wavelength 49.59 - metre -
Call Blam ... Frequency ..
OBA
.GAD GRB
11,740kx. 1033 metre 11365...
21.38 metres $130 - metron®
(Continued on Page 5.).
The Largest Sanitary Laundrymen, Dyers and Drycleaners
in the Far' East
Peninsula Hotel (Visitors only), Head Office & Works, Mongkok. 60. Queen's Road Contral." 27, Nathan Road. 836, Nathan Road., Peak Hotel Depot.
Gloucester Building, 3rd Floor. Hong Kong Hotel Visitors only). Repulse Bay Hotel (Visitors only).
WORTH REMEMBERINGI
ПЭМ ПОЛУ
SOLO "UGIASI BALLYXV
FILUT TUNEED: 262 VIE
SELLENI
Of chemists every?
Tel. 37032.
21379.
£8545.
58006.
29071,
28989.
Cheltenham Wide 6 to 72 points.
Manufacturers
of Type of all kinds&founts
Unive