1937-05-19 — Page 4

ALHAMBRA

NATHAN RD, HOWLDON DAUY AT

SO TELA

FINAL SHOWINGS TO-DAY *

KEN RACES INTO ACTION WITH TARZAN AGAINST THE BLONDE BANDIT OF THE RANGE!

KEN

MAYNARD Western Frontier

Directed by Albert Herman

TO-MORROW

-New Universal

Picture

A Columbia Picture

SHE'S DANGEROUS

with Tala Birell-Cesar Romero

HARBOUR VIEW

PRIVATE HOTEL

ON

THE SEA FRONT

Chatham Road, Kowloon,

Phone: 56734

Proprietress Mrs. M. Gardiner

:

THE ARLINGTON

PRIVATE HOTEL Mody Road, Kowloon, Phone: 50126

Proprietress

AUBTLE SEASONING

Good

cooks

use

EA & PERRINS

Job Printing

VLASONABLE.

PRICES

The Newspaper Enterprise Ltd. China Mail Bldg. Ba Wyndham St.

Mrs. M. Gardiner

NEW ADVERTISEMENTS

PUBLIC AUCTION

THE Undersigned have received instructions to sell by Public Auction

On

Friday, the 21st. May, 1937

commencing at 2.30 p.m.

'at their Sales Room, No. 35,

Hankow Road, Kowloon

A Quantity of

VALUABLE HOUSEHOLD

FURNITURE

|comprising —

THE CHINA MAIL, MAY 19, 1937.

SHANGHAI INVASION OF

HONG KONG MARKET DOUGLAS COMPANY CHAIRMAN ON CHANGING COASTAL TRADE

That Shanghai has encroached upon what at one time was Hong Kong's trade with the coast ports, Swatow, Amoy and Foo- chow, was mentioned by Mr. S. T. Williamson, presiding this morn- ing at the meeting of sharehold- ers of the Douglas Steamship Company. A loss of $121,000 for the year was disclosed, but the belief was expressed that the current year would have a more satisfactory outturn.

The Chairman said:-After paying all running expenses, docking charges, insurance premia and all allowances, the loss on the year's working is $121,479.22 to which must be added the balance brought forward from last year $13,523.52 making a total debit in the Profit and Loss Account of $135,002.74.

Your Consulting Committee and General Managers regret this posi- tion which is entirely attributable to the

very poor trading conditions which have existed between South China coast ports for the major part of the year under review, there being very keen competition for the small amount of business offering between these ports. Shanghai is now doing more business in the way of tran- shipment cargo and also in Chinese manufactured goods to these ports which in the meantime tends to lessen the demands from Hong Kong.

The exchange position at Amoy and Foo- chow has improved considerably, but Swatow has not yet come into line in this respect.

SMUGGLING EVIL

Smuggling on the coast is still quite a serious evil and a great deal of legi- timate business is lost through this illicit trading. We still maintain our own strict searches prior to vessels' departures from Hong Kong which are carried out in conjunction with the Police and we appreciate the as- sistance they render in this direction.

Mr. S. T. Williamson was. In the chair and was supported by Hon. Mr. M. T. Johnson, Mr. M. H. Turner (Members of Consulting Committee) and Mr. C. L. Farmer. (Secretary).

The following shareholders were also present: Messrs. N. J. A. Crou- cher, J. Fleming, J. F. Wright, Wing Ping-sun, Chun Wing Keu, T. Ram- say and Wong Min-hin.

LOCAL SHARE MARKET

Following is the list of changes and enquiries in local share quotations this morning:

BANKS

Hong Kong Bank $186211⁄2 b., $1865

sa

Bank of East Asia $93 b.

INSURANCES Canton Ins. $321 b., $317 s., X. Div. China Underwriters $1.60 b. H. K. Fire Ins. $280 b. DOCKS, WHARVES, GODOWNS, ETC.

H. K. and K. Wharves $120 b. Providents (New) 65 cts. b.

MINING

Raubs $12 b., $12.70 sa,

LANDS, HOTELS & BLDGS. H. K. and S. Hotels $7.35 s. H. K. Lands $351⁄2 88;

PUBLIC UTILITIES H. K. Tramways $14 b., $14% 93. Peak Trams (Old) $42 b. Peak Trams (New) $14 b. Star Ferries $84 sa. China Lights (Old) $144 sa. H. K. Electrics $60% b. Macao. Electrics $18 b.. -Sandakan Lights $12 b.

Telephones (New) $12% 8.

STORES,. &£.

Sinceres $2.60 s.

COTTON MILLS Shanghai Cottons (Old) Sh.$117. bu Shanghai Cottons (New) Sh.$92 b.

MISCELLANEOUS Constructions (New) 45. cts. b. Vibro Piling $4.80 b.

Stock

Our investments have fluctuated] Antamoks considerably during the year but they Atoks now stand at date at a slightly high-Baguio Gold er value than the book value shown Balatoc Mining in these accounts..

HAINING SOLD

We have, since the closing of these accounts, sold the "Haining" and I am glad to say that our overdraft posi- tion is now eliminated. The "Haining" was a popular vessel on our trades, but owing to the requirements of the Simla Convention rules which would have entailed extensive and costly al- terations, your Consulting Committee and General Managers decided to take advantage of an attractive offer which was made for this vessel. V

It is possible to maintain our trades for the time being with the "Hai- tan," “Haivang” " "Hatching" and the chartered "Seistan", but should there

be a substantial increase on the cargo side of our business, serious consi- deration will have to be given in the way of replacing the "Haining.”

is being effected and your vessels are

Benguet Consol.

Benguet Explor Big Wedge Coco Grove Consolidated Mines Demonstrations E. Mindanao Gamaus G'field Ipo Gold

X. togons

Masbate Consol. Min. Resources Northern Mining Paracale. Gumans Salacot Mining San Mauricio Sayoc Consol. United Paracales

Opening

10 a.m.

in Pesos

1:05

.28

+18

.11.50

.10.50

.07

.1812

.51

.022

.665%

21

1212

.19%

.68

.86

.252

.214

.07

.33

.038

1.75.

.35 ..60

WHEN THE PREMIER

"SKIDDED” ̈ ̈

"Are you aware that no less a With the prevailing shortage of tonnage for outside trading there are person than the Prime Minister indications that we can reasonably skidded on this particular portion expect more remunerative trading in of road that night?” the future. Every possible economy This question was put to three held on very conservative values when witnesses by Mr. W. A. Fearnley compared with present day market Whittingstall at Middlesex: Quarter prices, it is therefore not necessary Sessions. None was able to answer to allow further depreciation in these the question. Accounts.

Mr.

In conclusion I desire to place on

Fearnley-Whittingstall

ap-

Blackwood Ware, Teak Drawing record our appreciation of loyal and peared for Norman John Weatherill, Room, Dining Room, Bed Room and efficient co-operation of our Floating of The Broadway, Farnham Com-

and Shore Staffs. Office Furniture, Carpets, Rugs,

mon, Bucks, who appealed against a The Chairman then proposed and Forcelain and Glass Ware, Brass Mr. Croucher seconded, that the Re- conviction at Uxbridge for driving Car- a motor vehicle in a dangerous and E P. Ware, Cutlery, Electric port and Accounts be adopted.

ried unanimously.

manner. He was

then fined £10 Table Lampa and Fans, Gramo-

and disqualified for 12 months. phones and Records, Radio Set,

By a majority the committee de- Ornaments, Pictures, etc., etc.

Sir Robert Ho Tung, Hon. Mr. M. cided that the appeal would be dis- On View from Thursday, the T. Johnson and Mr. M. H. Turner missed, but the 12 months' suspen- 20th. May, 1987.

Terms: Cash on Delivery.

LAMMERT BROS.,

Auctioneers, Hong Kong, May 19, 1937.

OTHER BUSINESS

were re-elected as Members of the

Consulting Committee, and Messrs. sion would not take effect. Lowe Bingham and Matthews, and

Messrs. Linstead and Davis were Mr. Herbert Morrison, leader of the elected as Auditors of the Company L.C.C., had an hour and a half's "tea- for the year 1987 at a remuneration time chat with President Roosevelt at lof $800 a year each,

the White House.