PACKARD.
PLYMOUTH.
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Motor Cars.
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REPUBLIC MOTOR COMPANY
OF CHINATM
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ESTABLISHED
1345
HONG KONG, SATURDAY, SEPTEMBER 28, 1929.
THE HATRY CASE
DEFENDANTS REMANDED ON SILARE CHARGES
FINANCIAL
“CULATIONS
London. Yesterday. ~Before a crowded court at the. Guild- hall, the hearing continued of the leharges against Hatry and his three associates, in connection with financlal speculations.
4 พ
The prosecution stated that Corpora- tion and General Securities, Ltd, of which Hatry was Deputy Chairman, Mr. Daniel Managing Director, Mr. ! Tabor manager, and Mr. Dixon seere
tary issued the City of Wakefield Lear for £750.000,
The issue was fully subscribed in January, after which the authority of
the company to issue a Wakefield
PREMIER TO NARROW ATLANTIC
KING'S MESSAGE
MACDONALD INTERVIEWED ON
DEPARTURE FOR U.S.
MUTUAL UNDERSTANDING
SHARE MARKET
WEEKLY REFLECTIONS AND NOTES
MORE ACTIVITY
Hong Kong. Sept. 28. My Dear Algy. The past week way another active one for the local brokers, and I am glad je notice a revival of confidence amongst them. London. Yesterday.
¡Consequently, forward dealings. The King sent the following mes. though on a cautious scale, are on sage to the Prime Minister: "On the increase. Whilst I wae in the eve of your journey I wish you Shanghai I noticed that the two Ex- God speed: It is a departure that changes published in the daily will be surrounded with good papers particulars of all forward wishes, for it is a contribution to transactions. It would be decided- those happy relations between twoly useful if both the Stock Ex- reat peoples which must be an change and the Sharebrokers Asso- an article of faith among all men of clation adopted a similar practice goodwill,"
here, as, apart from the considera- tion of their duty to the public, it
I think
Mr. MacDonald replied: "With my
Loan coased, but six months later the defendants, who were then hard press- ed for muney committed "a shocking frand" y fabricating script certifi-humble duty to Your Majesty, I am would help materially to stimulate cates for £100.000 of Wakefield Stock, deeply grateful for Your Majesty's interest in local shares. induced Mr. Russell, Chairman of the gracious and kindly thought in any suggestion that tends to revive Porchester Trust, to accept this worth sending me good wishes for the interest and restore confidence in less serip as security for £230,000 journey which indeed I trust, will the stock market, should, în view which the Forchester Trust let the be a fruitful innovation."
of the many lean years the broker- defendants' other company, the Austin Friars Trust, Ltd.
Further
charges would be made against defendants of forging and ut- tering scrip certificates for Corporation stock of Wakefield, Gloucester, and
The Premier also telegraphed ing fraternity have experienced, re- the arrangements made for his visit being a broker myself 1 am not in thanking Mr. Mackenzie King for ceive the serious consideration of the respective associations." Not to Canada.
London, Later.
.
the position to put the suggestion
"I am going off in the hope of before either of these bodies. but Swindon, to amount to at least £900,000 being able to do something to naram hoping the, George will tact-Į
row the Atlantic," the Prime Minis- fully draw then ttention to it. ter told Reuter at Waterloo where Interest in. Le shares of the he received a widly enthusiastic Hong Kong & Shanghai Hotels has send off by the 2.20 p.m., beat train been increasing during the past few to Southampton.
weeks. They have risen steadily
A voluntary statement by Hatry was read admitting the irreglarities, and declaring that he was primarily res ponsible. Neither he nor his co-direc tors personally benefitted, indeed they lost everything themselves.
Defendants were remanded for a week. Bail was refused.--Reuter.
CHINA AND RUSSIA
SOLUTION STILL TO BE FOUND, SAYS DR. WANG
GERMAN REPRESENTATIONS
Nanking, Yesterday. The Ministry for Foreign Affairs has been officially advised that the German Consul-General at Vladi- vostock has been ordered to proceed to Blagovestchensk and Khabarovsk to investigate the conditions there.
Dr. C. T. Wang in a statement says a solution of the Sino-Soviet controversy has still to be devised. Mr. Chiang Tso-ping is expected from Geneva to-day, and will carry on negotiations with the Soviet representative there.--Reuter.
MR. FAN KI-MO
FINANCE OFFICIAL RESUMES POST
TEMPORARY ARRANGEMENT
Canton, Yesterday, Mr. Fan Ki-mo, Commissioner of Finance and Special Officer for the Finance Ministry, while in the capital, tendered his resignation to the latter
pest, which was accepted: but recently, the Ministry being unable to find a suitable person to all the post, it has cabled Mr. Fan to resume the post until a successor has been appointed. It is understood that Mr. Fan has temporarily acceded to the request of the MinistryCanton News Agency.
SCALDING FATALITY-
Yesterday Li Sze, of No. 18, Yen Chow-street. Shamshuipo, re- ported to the Palice a very unfor- tunate accident that befell her young daughter. She states that the girl (nine years of age), in lifting a pot of boiling water, accidentally fell and scalded herself very severely.
Mr. MacDonald re-emphasised from $3.40 to $9% cash, and many that he did not expect that his forward transactions have been stay in Washington would lead to concluded in them. Persistent spectacular developments as result rumours are current that a dividend of the continued negotiations. Ile will be paid for this year's working. pointed out that before any pro- and perhaps it is not out of place gress in naval disartament was to quote that part of the Chair possible, it was necessary that both man's speech, at the last annual Washington and London should de- meeting, touching upon the subject: vise a means of terminating the deadlock between them, which had much wanted to see Mr. Hoover and arisen at Geneva in 1927. He very
there was so much work, apart from other American public men, as the direction of naval disarmament, to be done in co-operation, for which а mutual
"With the opening of the Penin- sula Hotel heavy capital payments cense, and the cash revenue of the Company being cor.siderable, material reduction in the indebted. ness to our bankers should not be a matter of great difficulty. Con- sequently, I have every hope that the Company will revert to a divi- dend-distributing basis in the near
future." understanding and confidence were essential. Reuter.
There are, however, many holding the opinion that payment of a dividend will not be possible until HELD BY BANDITS daced by sale of some property or the overdraft is substantially re-
TEN DAYS' ULTIMATUM FOR RELEASE OF CAPTIVES
RANSOM DEMANDED
Canton, Yesterday.
K
other, but the above extract of the Chairman's speech should convince you that this is unnecessary. Fur- thermore, the present overdraft- staggering though it may be-is not: really large in consideration of the present day valuation of the entire With regard to the foreign mis- assets of the Company. There is sionaries, Messrs. Fischle, Walter some talk of the likelihood of the and Kilper, held for ransom by the sale of the motoring section of the bandits in Mei Yuan district, our Company, but this is not very clear correspondent was informed by to me. However, I shall endeavour. Mr. Yeeshing Tao, the Provincial to obtain more news thereanent for Foreign Commissioner, that he was my next letter. in receipt of a despatch from Com-
Hong Kong & Kowloon Wharf mander-in-Chief Chan Chai-tong. a shares have risen to $140, and few days ago, in which it was stated The reason for the rise is that the shares are apparently very scarce. that orders had been offers in command Yuan district giving them ten days struction
of the Mei Company is embarking on a scheme of development involving the eon- to effect the release of the mis-
colossal concrete piers sionaries. Canton News Agency.
and thoroughly modern godowns. Sanction has been ob- tained for the construction, early. next year, of one pier which will be 150 feet longer than any e lating pier in the Colony and which will be capable of accommodating the largest ocean-going vessels that may visit the Colony. The Com pany is to be commended for its progressive polivy, and deserve the wholehearted support of the entire community.
sent to the
NEW MINISTERS
TO PRESENT CREDENTIALS TO
PRESIDENT
SWEDEN AND JAPAN
Nanking, Yesterday. The Swedish: Minister, Mr. Hultman, will present his creden tials to Chiang Kai-shek on Sep- The girl was at once removed totember 30, and Mr. Saburl, the new the Kwong Wah Hospital, where Japanese Minister, will do likewise she died at 4 pm.
on October 7--Reuter,
TO-DAY ONLY
Daily at 2.30, 5,20, 7.15 & 9.15 p.m.
THE SUPERB GERMAN FILM
THE
EMDEN
A RECORD OF THE
ATS OF THE FAMOUS GERMAN CRUISER ANDER FINAL BATTLE WITH HMAS "SYDNEY.”.
MAJESTIC
Nathan Road Kowloon.
of
The threatened competition in Kowloon has produced some benefit to Kowloon residents, as evidenced. by the advertisement of the China Light & Power Co. Ltd. announcing that, as from the 1st proximo, the rates will be reduced for Lighting & Power to 13 cents and 7 cents per unit, respectively. This will be welcome news to all residents of the Peninsula. The reduced rates! are still above those ruling on the Island, and I fail to comprehend any reason for the difference, especially after hearing that the
"OVERLAND CHINA MAIL
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THE WEEK'S NEWS
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ILLUSTRATED,
25 ets.
· ELEANOR BOARDMAN IN SHE GOES TO WAR"
AT THE
QUEEN'S
FINAL SHOWINGS TO-DAY At 2.30, 5.10, 7.15 & 9.20.
BLUE SKIES
With H en Twelvetrees and Frank Albertson in Drama of
а Love' `unusual charm.
AT THE
WORLD
FINAL SHOWINGS TO-DAY Continuous Performance From 1.15 to 11.15.
Sue Carol and Nick Stuart in a story of Modern Youth and Its Fling!
GIRLS GONE WILD
MAT THE
STAR
PRZEDNIED SY WILLIAM
FOX
FINAL SHOWINGS TO-DAY-
AT 2.30, -5.30 & 9.20.
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to avail yourself of an effectual cure for headache, toothache, Rheumatism, Pain in joints and limbs, Gout, Chill. Neuralgia, etc., elc., by taking
Bayer
ASPIRIN
company intend increasing the divi-writing sellers predominate at This is particularly gratifying in
derd. Any increase of dividend at $124.
view of the fact that shareholders' this juncture shoul? e strongly de-} Hong Kong Electric shares are sanction was obtained for an ex- precated in view of, (1), the still popular and bus were not penditure not exceeding $3,500,000. enormous figure the already an-found lacking at $64. There are More dealings are noticeable in nounced reductions will absorb out many who think this price cheap as, these shares which were placed at of next year's profits; (2), the apart from the points referred to 89.80 cash. necessity of further reductions of in my last letter, the 'Company iar As from the 1st October the Hong consumers' charges; (3), Impending very efficiently managed and is ex Kong Tramway Co. will be operat- developments; (4), the threatened pected to produce another splendid ing buses from Blake Pior via competition of the Hong Kong balance sheet at the end of the Pedder Street. Des Voeux Road Electric Co.; and, (5), the entire year. Meanwhile, the Company's Central and Queen's Road East to lack of any reserve funds. The application to operate in Kowloop Taikoo Docka. I expected Its ad- necesalty of building up reserve is still under consideration.
vertisement to this effect to give funds for a Company of this mag-understand the Green Islanda fillip to its shares in the market, nitude is too obvious to need com Cement Co. have entered into a con- but they remained around $18.20 ment from me. The market for tract for the purchase and installa with sales reported at $18.80. these shares are still subject to tion of the new machinery at Hok
Yours, Etc.. fluctuations, and at the moment of Up at a total cost of $2,600,000.
BILLY BULL.
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