1924-03-17 — Page 1

THE

China Mail

THE DOLLAR,

To-day's closing, mało 2/4 36 To-day's opening rato 3/4 3/15

NEW VICTOR RECORDS TO-DAY

Moutries-Victor. Eistributors.

Rainfall oor in. Humidity 90

「我Ò.19-136一拜能,就七十月三年四十二百九千一英

Temperature 59 Barometer 30 21:

EST

SHED

RCF CHENG, MONDAY, MARCH 17, 10:4.

一日三十月二子甲大皇年三十國興華中

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HAWTHORNE & PEARSON

580

Ladies and Gentlemen's Tailora

Breeches. Makera

St George's Building

The House Street.

(Next door, Café

PIQUANT HOME POLITICS.

LIVELY BY-ELECTION.

WESTMINSTER'S FOUR CANDIDATES.

CONFLICTING INTERESTS.

CHURCHILL'S BID FOR PARLIAMENT.

[Reuter's General Service)

LONDON, March 16.

FRANCE'S FINANCES.

(Reuters Service to the Ching Mall.)

PARIS, March 16.

The Senate after rapidly adopting article four to thirty-three of the Finance Bill, lengthily discussed the controversial article thirty-four providing for the abolition of the State "match monopoly

The Minister of Finance ipointed out that the measure was purely fiscal, not political. The article was approved by 163 to 119 votes.

The by-election for the Abbey Division of Westminster, for which polling begins on March 19, is attracting unusual interest, not merely owing to Mr. Winston Churchill's candidature, but owing to the variegated condition of the electorate com- prising interests M. Poincaré's Government has surmounted the so conflicting as first and most difficult obstacle in connection with Clubland and its Finance Bill. The Senate, after baring rejected +Soho,

Covent Article I. of its own finance committee's amend Garden and ment by 154 votes to 141, subsequently adopted Pimlico. The this Article by 161 votes to 128. The Article political apathy temporaly delegates Parliamentary authority to that has been the Government with especial regard to the issue characteristic of of decrees to carry out reductions In expenditure. of the Finance Committee,

MR. WINSTON CHURCHILL

this

electorate The President hitherto, is in- before voting, suggested a compromise in dicated by the order that M. Poincaré might retiin office, but the fact that 60 per Premier rejected such a compromise and insisted cent. did not vote on the adoption of the Government's 'text as a vote at the last con- of confidence.]

test. But with

four candidates

in the field--two

of whom, Mr. Nicholson, official Conservative and

BRUTAL MURDER SEQUEL

BERLIN, March 16,

The Leipzig State Tribunal has passed

Mr. Churchill, Indépendent anti-Socialist, are splitting the Conservative vote and the other two the Liberal Mr. Scott Duckers and the sentences varying from 5 to 12 years penal-ser Labour Mr. Fenner Brockway, both conscientious objectors during the war-the present' contest is proving very lively,

1

Mr. Churchill, who is working very energetical ly, has been especially subjected to interruptions at his meetings, not merely on the part of Socialists biit on the part of Conservative extremists who fear his return to the House of Commons may disrupt the Conservative party."

The week-end sensation has been the publica- tion of letters by Earl, Balfour and Mr. Stanley Baldwin to Mr. Church and Mr. Nicholson, respectively, wishing them success.

The foriner says Mr. Churchill's return would be warmly welcomed by men of moderate opinion throughout the country.

Mr., Baldwin, hoping Mr. Nicholson will triumph, says only a strong and united Conserva tive Party can successfully combat Socialism and its attendant dangers,

COMMERCE AND FINANCE.

LOCAL NOTES AND COMMENT.

vlude on six member of the Nationalist Rossbach organisation who some months ago at Parchim and Mecklenburgs-Schwerin murdered very brutally a man named Kadow whom they suspected of being a Commmist spy.

•

INDIAN BOMB

ANTA

CALCUTTA, March. 16, The Statesman reports that the police have discovered a complete bomb factory containing six live bombs resembling Mills grenades, while several others were being manufactured.

Two Bengalees were caught red-handed.

FRANC IMPROVĖS.

Railway Company's loan is for the extension from Clapham Common LONDON, March 14. to North Mordon, and that of the A further great improvement Fundos Electric Railway Company was signalised in the quotation of far extensions and various improve- the franc on the Exchange ments. Harbour improvemente, yesterday where it closed at '92, the erection and equipment of a factory, the extension of steel roll. ing mills; and the construction of ships at various centres are among other projects covered by the guar- antees. The last item is to provide plant for electricity undertakingsin Polands AZ

RUBBER PROFIT.

NAM PAK KONG DOINGS. Saturday saw a rise of about | Reuter

LONDON, March 15, 60 cents a pidul in Java: No. 24

French francs were quoted at rough white sugar; local specula tors were in the market and 90.65 to the £.and Belgian francs prices touched $14.60 but yesterday at 10.25 on the London Exchange receded to $1395. It is felt that to-day-Reiter, Bey ordinary demands cannot consume more than 30,000 bags of Hong- kong stocks a month and even at that rate, it is almost impossible The Utu Benut Rubber Company for the quantities in godown to be, Ltd. made a profit of $19.333.08 for finished before the new crop the year ended 31st December 1923, arrives fa summer, hence the lack which the Directors recommend: of confidence behind the purchases, should be carried forward. No. 24 dae white, No. 18 rough gang brown and Java browns were stationary:

STATE AID FOR TRADE,

.!.

SUBZ CANAL TRAFFIC. A During 1st year no fewer than 4621 ships, representing a total of 23,730,162 tons, passed through the Suez Canal constituting the largest annual traffic since the canal bas been opened, and exceeding the previous record, which was reached in 1922, by 1,985.917 tons. The traffic for the two years is given in the Bulletin Decadaire as follow

1924.

Тола, Топ

Nos. 2 and grades of both In the late autumn some import Stam and Saigon rice have ant additions were made to the list weakened by about 25/35 cents per of undertakings in respect of which picul, but the No. 1 qualities are State guarantees have been given marking time. Big shipments have come in from both Saigon and tnder the Trade Facilities Act Vereals with a

The total amount involved is -cargo yo: 19.399.948-20,586,592- Bangkok and godowns are hard put 8,720,000, adid the works contem Vessels in to provide space for rice. When the strike was in progress in Cantou, plated should provide employment ballast... 1,343,297 2,043.570 up country dealers came down and for a considerable number of men! bought direct. They have not Up to Nov. 9 last the aggregate got rid of their purchases yet and a granteed under the act was they are, therefore, not buying in £38,505,645. The amounts of the Canton, causing a part congestion new loans are set out below.

Gorances provickisly.

***** £29476,645 North Wales Power

Co., Ltd.

there.

The Bour market remains weak with prices a cent of so lower. It Is rumoured that two Chinese; cliques of Importers are about to embark on another competition" lowering prices

HONGKONG SHARE MARKET.

In addition to the quotations given on page Ir as usual, the

following should be noted

Hongkong Stock Exchange

t

H. Hotels $72 cum diy rights prem rights $8 premium

rights 28 sellers

Total 20,743.245. 22,730,162

in every month of 1023 from The monthly figures show that January to October the traffic exceeded that of the corresponding month of 1922, while In November and December it, was less. The traffic of December, 1922, with 400,000 total of 2,075,761 tons, had exce

ed any previothe monthly

200,000

since the canal, was "opened, this record was beaten by t 8,760,000 months of 1933, namely, May, with

Co

Electric Bo

City and South Ton

Caly don Raily StandinetDyers and

866,000

A

Printers Ted: Anchor Dorad

2,065,833 tons, and Mar

94,000 *159,571 tonsider

The average.

400,000) shipa, tinklog

canal was against 22

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