1938-05-26 — Page 16

RAILWAY

10 DAYS

5 DAYS

ANALEAS PADRETE

SINGAPORE SHARES

THE CHINA MAIL, MAY 26, 1938.

Quotations of 12 leading Singapore stocks received by Messrs. Ellis and Edgar from Messrs. J. M. Sassoon and Co., Singapore.

Singapore, May 23. Rubber Shares

Middle Price Amalgamated Malay Estates

Limited

.$ 1.42%

Kempas Limited

1.65

Kuala Sidim Rubber Co., Ltd.

2.30

Pajam Limited

1.62%

Sungei Bagan Rubber Co.,

Ltd.

1.37

Tapah Rubber Estates Lim-

ited

1.60

Tin Shares

Petaling Tin Limited

7.40

Sungei Luas Tin Dredging

Limited

1.47%

Van-

Industrials

8 DAYS

GoEMPRESS to America, Europe

conver

Hong Shang- Naga- Hmpress Kong hai

of

Leave Arrive

saki Kobe

Leave Leave

Yoko- hams Honolulu

Leave Leave

Victoria Arrive

Japan

May 27 May 29

Asia June 10 June 12 June 14

Canada June 24 June 26

June 1 June 3

June 16 June 18.

June 29 July 1 July 8

June 10

June 15

June 27

July 13

—

17 Days HONG KONG to VANCOUVER By

DIRECT EXPRESS ROUTE FROM YOKOHAMA

18 DAYS VIA HONOLULU, PARADISE OF THE PACIFIC

Air-conditioned equipment on C.P.R. Trans-Continental Trains. Frequent Canadian Pacific Atlantic sailings to European ports.

TO MANILA

Empress of Asia on THURSDAY, June 2nd.

Canadian Pacific

Union Building

SPANS THE WORLD

Telephone

20752

THE KAILAN MINING ADMINISTRATION

Prices per metric ton delivered, as follows:-

Peak District .

$31.00

Bowen Road & Lower Levels

29.00

Kowloon

28.00

Repulse Bay

32.00

Pokfulum.

31.00

Shek-O & Stanley

32.00

Clients are hereby informed that deliveries

of Household Coal can only be made if cheque or

cash for the supply is sent with the order.

DODWELL & CO., LTD.

Agents.

G. FALCONER & CO (HONG KONG LTD.)

·WATCHMAKERS & JEWELLERS,

DIAMOND MERCHANTS,

UNION BUILDING (opposite G.P.O.)

Agents for:- ADMIRALTY CHARTS, ROSS BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, ENGLISH SILVERWARE Direct from Manufacturers,

High Class English Jewellery.

Straits Trading Co., Ltd. 27.00 United

Engineers

Limited

(Ordinary)

7.75 Wearne Brothers Limited 14.35 Gold Raub Australian Gold Min-

ing Co., Ltd.

5.40 c. d. (3d. per share). The above Quotations are in Straits Dollars.

LOCAL SHARE

MARKET

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

BANKS

Hong Kong Bank $1500 b., $1500 sa. Hong Kong Bank (Lon. Reg.) £91 b.

INSURANCES

Union Ins. $518 b., $520 sa.

SHIPPING

H. K. Steamboats $22 b. DOCKS, WHARVES, GODOWNS, ETC.

H. K. and K. Wharves $137 sa. H. K. Docks (Ex. Rts.) $21 s. H. K. Docks (Rights) $10 s. Providents (Old) $3.60 b., $3.60/65

sa.

Providents (New) $3% b., $3.55 sa.

MINING

Venz: Goldfield $2:60 b.

Antamoks Ps. .40 sa. Atoks Ps. 24 sa.

Baguio Gold Ps. .20 sa.

Benguet Consol. Ps. 9.20 sa. Coco Grove Ps. .47% sa. Consolidated Mines Ps. .0035 sa. Demonstrations Ps. .26 sa. I. X. L. Ps. .62 sa. San Mauricio Ps. .41 sa. Suyoc Consol. Ps. .14 sa. United Paracales Ps...30 sa.

LANDS, HOTELS & BLDGS. H. K. and S. Hotels $6.85 b., $7 5

$6.95 sa.

H. K. Lands 4% Debentures 101 H. K. Realties $5.55 b.

PUBLIC UTILITIES

FRAUD THROUGH ACCOUNTS

That the Chinese book-keeping sys-- tem needs radical improvement in many phases as there are so many op- portunities for frauds and falsification was argued by Mr. Thomas Le C. Kuen, A.A.A., A.L.I.S., in a talk on "Fraud In Accounts" at the luncheon of the Hong Kong Y's Men's Club at St. Francis Hotel this afternoon.

The speaker summarised the general types of fraud which are constantly met with in the ordinary course business and went on:

of

is.

There is a misunderstanding in the minds of the public on the duties of the auditor. Invariably they think an auditor is appointed to detect frauds in the same way as the appointment of a detective is to find a murderer. In fact, an auditor, although he partly to detect fraud, is not suppos- ed to suspect if there are no circum- stances for suspicion. He is better known as a watch-dog than a blood- hound. This fact, however, does not mean to say that the auditor should be asleep on his job. He must be wide awake and be prepared to spot frauds or discrepancies.

Many persons criminally minded es- cape conviction because they have the excuse that the accounts- are not pro- perly written up. Their methods of keeping accounts, they plead, are con- sistent with the customary practice, I think you will agree with me, however, that, if our present method of keeping accounts is improved, the extent of fraud will be considerably reduced.

In order to improve the present system, what course can practically be pursued without causing too drastic an evolution? The answer is a system that improves rather than abandons a method which dates back as far as Confucius and to advocate the new method by inculcating its utility in the minds of the younger generation of business men.

FOREIGN TRADE WEEK IN U.S.

Washington, To-day.

A message from President Roose- velt was read by the Secretary of State, Mr. Cordell Hull, in a wire- with Foreign Trade Week in less speech-last-night-in-connection-

b. United States.

the

The message says that a healthy

H. K. Tramways $16.80 b., $16.90/17 and vigorous flow of trade between

sa.

Peak Trams (Old) $7 b.

China Lights (Old) $11.55 s. China Lights (New) $9.10 s.

Macao Electrics $17% b.

INDUSTRIALS

Cements $17.20 b., $17.40 ́sa.

MISCELLANEOUS

Constructions $1.b.

Marsmans Inv. (H.K.) 8/~ 4/- b.,

4/1 8a.

LOCAL DOLLAR

The demand rate on the Kong dollar

this morning 1/2-13/16.

"Spot" silver was quoted Jondon yesterday at 18-18/16 forward at 18%.

nations is indispensable for a gen eral and lasting recovery. Reuter,

NEGROES IN

THREE WORLD

TITLE BOUTS

[

Three world champions will defend their boxing crowns during the next- few months.

Negro, Joe Louis fights his No. 1 Hong challenger, Max Schmeling on June 22. was matched to fight the sensational negro Barney Ross, welterweight king, is fighter, Henry Armstrong, on May 26 in (to-day), and Lou Ambers, holder of and the lightweight title, has also to answer a challenge from Armstrong within 30 days of his battle with Ross.

The London on New York was quoted at £U.S.$4.9387 the New York on London rate

U.S.$4.93-7%.

Singapore Raw Rubber

rate Armstrong is an amazing fighter and Though he holds the featherweight at title, he will scale in the vicinity of 10st. when he meets. Ross. And as Ross is reported to have difficulty in making the welterweight limit the negro will probably be as 'strong as he

Co.,

Messrs. H. B. Joseph and have received the following quota- tions in Straits Currency for 'Raw Rubber:

July/Sept. 19-% b. down 4. Oct/Dec. 19-% b. down 14. Jan/March 19-% b. down 4. Market: Nominal..

NEW ADVERTISEMENTS

WANTED

HOUSEHOLDERS who wish to buy good kitchen coal-satisfaction guar-- anteed. If your present lot is unsatis factory, place your next order with HOP HING, 489, Hennessy Road, Wan- chai. Telephone 82640.