1924-08-12 — Page 3

Page

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel, Central 338.

THE HONGKONG DAILY PRESS. TUESDAŤ, AUGUST

1, Queen's Buildings.

SOLE AGENTS. FOR

BELL'S UNITED ASBESTOS CO. LTD.,

MANUFACTURERS OF

"Victor Metallic." “Dagger," . “Quadruple'

Reefor" Packings

Bell's Asbestos Compositions.

"Salamander" Engine & Cylinder Olla

"Salamanderite Jointing."

PHONE

C. 4636.

ALICE LAKE

IN

"HATE"?

and

BOOKING AT-

THEATRE.

'Being the story of a girl's unselfishness, her struggle against the law, her grent devotion and her fight against olds for a man's life

ALSO FEATURING

CONRAD NAGEL

IF YOU HATE

A STORY WITHOUT A

THEME: A FILM

WITHOUT ROMANCE

COME TO THE

QUEEN'S

And see a picture made by a director, who holds similar views.

SUNDAY to TUESDAY-August 10th to 12th.

MELACHRINO

EGYPTIAN CIGARETTES

NO ONE EVER GETS TIRED OF MELACHRINOS, THEIR UNFAILING QUALITY IS A

CONSTANT SATISFACTION

No. 4-$4.75 per 100's.

No. 9--$2.75 100's.

ABAQUERIA ILIPINA

LEADING TOBACCONISTS OPPOSITE DUEEN'S THEATRE

Our Consignment of

VITTEL MINERAL WATER

PHYSIOLOGICAL ACTION.'»

VITTEL

EUPEPTIC ACTION.-This water appears to have a

tonic action on the mastar of the slumuch which ten to decrease gastric dilatation. This improves the appetite and the digestion.

DIURETIC ACTION.-The urine and after the sharp Lion of the water is clear, almost colourkos" and of west density: 150. The elimination of chlorides is also acreferated by the treatment.

LAXATIVE ACTION-VIELEL" stimulates both the biliary and intestinal secretions, its setion on the bladder is sedative and its contractions become more energetic.

ALSO

EVIAN LUXURY TABLE-WATER

THE MOST AGREEABLE

"RENCE

Tel. Central 794.

STORE,

THE HONGKONG SMALL INVESTORS' SHARE & REAL ESTATE CO.

APPROXIMATE YIELD PER ANNUK ON PRESENT QUOTATHAN,

S. & H. Banks int. 517 Chiza Sugars 141

TEL C. 4630.

Bank East Asia. 8 Shelle

Union Inver.

71.

Kowl, Wharves

41

Douglas

10

H.K.&W. Docks 6

Stamboat

11

301

Shanghai Dock 10/ Watsons

WE

BUY

Hory. Houd Hong. Landa

Bopes 417 Shanghai Lands 61 Hong. Trams & China Lights Waterboats

Peak Trams g Chius Prov.

141. Dairy Farm Fowells 74

Camenta ASLATIO BUILDING. WE BELL We are always fleased" To AMEND You.

7

Hoog. Elec. 4

6"

73

Indo-Chinas

Star Ferrics

THE RUBBER INDUSTRY. REASON FOR IMPROVEMENT

IN PRICE

The price of rubber within the past two or three weeks has risen from about 10d. to 1s. 2d. per lb.

Messrs Sanderson & Co., the well- known London firm of rubber merchants, in a recent report, say:--

The reason for the present improve ment in price, is that it is becoming clearly evident that America wants, to buy rubber, that she cannot go on much louger on her present system of rationing her buying, that every week further proof come to light that shipments From producing countries are lighter than were expected, and that the market generally has been too much influenced by the bad features, we of abich, it must be noted, still exist. Shipments from the Dutch East Indies "dering May were 12.483 tons, against an average of "13,500 tons for the Grst four month, January to April. There is still a continued enin paign against the Stevenson Scheme" in the Straits, but this need not be taken too seriously. The dealing section of the trade naturally desire more rubber to deal with, and a very low price would naturally be in their intereRĖS.

Messrs. Symington and Sinclair note American buyers are showing some in- terest, and have been in the market both in London and in the East. There has also been some Continental trade buying Speculative commitments for July livery have proved to be almost nil, and such as there were have been liquidated without difficulty. The firmer tone of the certain market has brought about a

slight amount of bear covering, and revival of speculative interest. based on the probable effect of the reduction in exportable quota on August 1st is also

12TH, 1924.

GERMAN CHINESE LOANS.

The following letter has been addressed hy the Hongkong and Shanghai Bank to the secretary of the Stock Exchange, London:

We are asked by the Chinese Lega. tion to inform you that so far as the Chinese Government is concerned there is now no distinction between bonds of German issue in those luns which have heen declared effective from time to time since June soth and those which have hitherto been regarded by the Chinese Government, as invalid.

Up to the present no definite instruc tionis as to payment of drawn hands-or roupas in German issue of three railwag Loans have been received."

CHINA'S PRECA:"TIONS.

Mr. Macene Moir, is a letter to the Press, points out that justice is scarcely done to China in the matter of her action respecting the German Chinese bonds, He writes that the facts are as follows:-

the

China suspended payment of certain or Bonds of German issue which she understood and believed were hands of German nationals, but she in- stituted. through my firm, as the London soliciters of the Chinese Legation, a prs. cedure for inquiry into the bong hides of claims by Alfies and neutrals who could establish that the Bonds were not held by enemy nationals for the period during Which China was at war with Germa and in every case where we were satished as to these claims we were instructed to report appropriately to the Chinese for In consequence a very large ernmeal. number of claims have been passed and

on the the service

Boads. concerted resumed."

China in adopting the principle of the attachment of enemy-held private pro perty was simply following the practice adopted by her European Allies on the onclusion of the war, and it scarcely lies. The cancellation of the netice suspends in our mouths to blame her for so doing. ing payment has nothing whatever to lo Messrs. Symington and Sinclair state with the action of the Stock Exchange the advance is soundly based on trade Committee but is the result of the satis boying, largely American, though some faction by Germany of Chian's claim Continental and home trade orders bave under the Treaty, which I understand two countries. was made between the also come to the London market. There has been considerable bear covering in The effect of the committee's netion was, London market. There has been con-

so far as I can see, merely to penalise siderable bar-covering in London, both the holds of British and other issues of by local dealers and for American acChinese Government Loans. Presumably count. Importers who have held their the result has been to take from the mem- rubber through the recent depression havebers of our Stock Exchange a certain Been able to realise aizeable parcels at amount of business in dealing with the steadily advancing prices. The policy of particular loans affected and to put oh- holding rubber off the market till the stacles in the way of the British holder buyers want it has amply justified itself.

in free dealing with his bonds.

recorded.

FUTURE SUPPLY OF RUBBER

HONGKONG BUILDING

The future supply of rubber and the

OPERATIONS. probable trend of prices are discussed in an interesting article which appears in

Hongkong is enjoying a building boom, the current issue of the Times Trade and Engineering Supplement from the pen of says the American Consul in-a recent Mr. P. J. Burgess, a former chairman of sport to Washington. Because of this the Rubber Growers' Association. It is and the increasing costs of labour even pointed out that the Stevenson scheme the native contractors age beginning to of restriction of exports, although not show an interest in modern methods in- embracing the Dutch growers, has result volving construction machinery: He con ed in a duction of the amount of raiders it probable that a market will be rubber placid on the market. A further Foard for concrete mixers, pile drivers, decrease in stocks this year of about excavators, and other similar ranchinery. 50,000 tons is indicated, with the result It is pointed out that in some parts the that the statistical position will ein sahrol in the district of Hongkong is

very

saft and intermixed with, large favour of the producing side of the in- dustry. In the opinion of Mr. Burgess granite boulders which interfere with the there must be cheap rubber for some operations of steam shovels. Only in the years to som. The view is taken that use of one or two large reclamation pro-

as long as the restriction scheme exists,jects would it be posible to employ and is necessary, rubber cannot average modern steam shovels. Local conditions. much over 18. 3. per I., neither can it the Consul adds, are more suitable for remain long ander is. Yet the develop the employment of excavators of the ment of motor transport will absorb all small, heavy, grah type, the rubber the world is now able to pro- duce, and the check to planting, which is now at work, will have its inevitable re sult in a shortage of supply within the next decade.

The Finial Times, in a leading article, says:It is computed that restriction has withheld from the market-not in store, but in the trees-not less than 100,000 tons of rubber. It ia, in fact. in what what it luns it has averted rather than actually accomplished that restriction has hitherto been most successful. During the next six months it is conceivable ta. the scheme thay have an effect that will be dramatic enough even to please the most impatient and critical student of the rubber position.

COMPANY REPORTS. JAVA-CHINA-JAPAN LINE.

Proit for 1923, 1.1.879,103, 6.241,297 for interest and depreciation. leaving $300 forward: book tale of the steamships at December 31st totalled 4.19,29,41, and of buildings, ele, in Anin B.,715,180.

YANG-THE CORPORATION.

Debit "balance" £707 for 1923; adminis tration and general expenses account now total £1.753: cash and "investments, £19,12 Satisfactory progress made dur- ing the year on lines of policy outlined at the last general meeting; contract with Pekin Syndicate, for administration of afinirs of company in China extended for further period of years upon same teru that undertaking is now closely associat ed with several of most prominent British-Chinese corporations, whose ob jective is the rigorous development of Chinese commerce and industries, and whose co-operation should miterially. facilitate the furtherance of the aims of the Yang The Corporation.

CINEMA KOVES..

"THE" CORONET.

Hongkong cinema-goers have their last opportunity this evening of seeing "The Shriek of Araby," Mack Sennet's ex- tremely clever burlesque of "The Sheik, which was shown in the Colony a couple: of weeks ago. The Shriek of Araby being screened in the Coronet Theatre.

HONGKONG SHARE MARKET CLOSING QUOTATIONS.

Hongkong

ADGEST 11TH, 1924. and Shanghai

$1.17 ex div. Banks Canton Insurances

$700 Union InsurENCOR ...................... $226. b. Hongkong Fire Insurances...$590 b. Douglas Steamships..

H.K, U. & & M. Steamboats $3th ez div. ↳ "Star Ferries

..396 b.

471 b 17. 18 b.

China Sex Comlaned). Langkate Kowloon Whweres"

Docks

Docks

Wharves

Now Eagmengs

Landi

Hongkong Balitys

Humphreys

31:49.

Ms. 92- Tl. 1971 b. ...Tis. 67b.

$114 b

Catates.

Hotels 318 (ok) $18) (zew) xa. Cementa.....21 (011) 85 (new). Kangkang Ropes $20 (chl) $7, (new) s China Providents $15; (old) $5) (new) n. Dairy Farros

Waterbosta

Watsons LigBENZENE

Hongkong Electrics...

હોવ તો

acabai

$427 b. $19 b.

Chia Lights $15.95 (old) $91 (u«w).«.

Hongkong Trams ... Peak Tramways

~ Shell" Trasports Lane Crawfočila ................

b-buyers;

172. sellers; sa~-sales.

SAFETY.

You are safe when you en- trust your eyes to our care ...because we employ all modern

scientific methods.

CHINESE OPTICAL CO.

EYR-SIGHT SPECIALISTS, 67, QUEEN'S ROAD CENTRAL

THE BEE-FRENOM BEMEOY,

THERAPION NO. 1 THERAPION No.2 THERAPION NO. 3

ZIN BANGLAND

is

WE JAKE, IF NO MA, MOUSEMAN NEJ HOW THIN COFF

RADIO.

“TUNE IN" with's RAY-O-VAC “B” Battery using at the same sime & RAY-O-VAC "A" Dry Cell Battery for See how clearly the signals will come in..

your

Pilaments.

The National Radio Engiavaring Company of Atlanta, Georgia, covering an investigation made by them in the interest of Bailway Electrical Engineers, repart that:—

The Battery in the most important part of the radio apparatus, and many causes of trouble in instruments are often caused by poor batteries.

We have found only one make

of Battery that is so constructed that satisfactory service can be obtained on heavy duty such as work of the class we are undertaking. The YO-VAC" Battaries hare stood all the tests and have proven' their construction and material by actual use.

... Thay have proved ABSOLUTELY SATISFACTORY IN EVERY WAY,”

These Batteries are now obtainable from

DE SOUSA & CO, LTD,

7TH FLOOR, CHINA BUILDING,

TEL NO. CENTRAL" 19th "

GOERZ BINOCULARS

GUARANTEE Best of Its Kind.

GREAT REDUCTION

PHONE C. 3217.

THE "ALL PURPOSE" & "NO TROUBLE

MARINE POWER UNIT.

20%

14 DAYS ONLY From 7th AUGUST.

HALL, LAW & CO.,

30-32, DES VOUX ROAD 0.

ALWAYS IN STOCK.

"AILSA CRAIG

;י

LIGHT and HEAVY DUTY: AUSA CRAIG KID" 10-14 B.H.P.

+ MARINE -MOTORS

6 to 45 B.H.P.

FUIL CONSUMPTION

of GALLON KEZOSENK PER HOUR.

THE IDEAL ENGINE, 102 BOATS FROM 16 PT. TO 45 FT. IN 17567H

COMPLYING WITH THE BOARD OF TRADE AND LLOYD'S REGULATIONS.

APPLY TO

Messrs. DODWELL & Co., Ltd.,

QUEEN'S BUILDINGS. FOR "FULL INFORMATION.

CHAMBERLAINS COUGH REMEDY

Coughs, Colds

CROUP.

כו

SORE THROAT,

TARGAT and LUNGS.

SMALL

SIMPLICIT AND SILENT RUNNING MAKE THE ATLA CHAIQ EKCINI SUITABLY 108 FISHING BOATS ·

SAILING TACHT· RIVER LAUNCH- CRUISING.

Chamberlain's Cough Remedy

Cures Coughs, Colds, Croup, Sore Throat, Hoarseness, Bronchitis, Whooping Cough and all Throat Diseases,

Sold Everywhere..

CAMMELL LAIRD & Co., LTD, Controling • THE LEXUS FORGE CO., KEWAY WHEEL CO., Bit Birkenhead. Shefeld, Nottingham. Birmingham. Leeds. Penistone and London. RAILS, SPRINGS, TYRES,

High Speed Tool, Alloy Hlaing Drill Spring Best Cast Tool

AXLES, FILES.

STEELS{

12. PEKING ROAD, SHANGHAI

To specification.

for specialt purposes.