1925-05-12 — Page 3

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel Central 3238.

AGENTS FOR

2, Queen's Buildings.

BRIGG'S BITUMINOUS ENAMELS & SOLUTIONS.

SOLE AGENTS FOR

UNION"

ANTI-CORROSIVE and ANTI-FOULING COMPOSITIONS

FOR SHIP'S BOTTOMS.

QUEEN'S THEATRE.

TO-DAY POSITIVELY LAST SHOWS

At 2.30 p.m., 5.15 p.m., 7.15 p.m. & 9.15 p.m.

MADGE BEL' AMY

IN

LORNA DOONE"

The greatest picturization ever made of a popular Novel

BEN

ALSO

יי

TURPIN

IN

"HOME MADE MOVIE"

A Mack Sennett Comedy in 2 Parts

TO-MORROW (WEDNESDAY), MAY 13th. RICHARD BARTHELMESS

4.IN

"THE SEVENTH DAY".

A First National Attraction."

WORLD

1.90

THEATRE.

TO-DAY & TO-MORROW ONLY, at 5.15 p.m. & 9.15 p.m. AN ACHIEVEMENT OF THE FILMS THAT NO ONE WILL

WANT TO MISS

"VANITY FAIR

11.

Was MABEL BALLIN, HOBART BOSWORTH AND A UREAT CAST, BECKY SHARP IS THE MOST FAMOUS WOMAN IN ALL ENGLISH HISTORY AND LITERATURE, SHE DIDN'T CARE HOW MUCH THE NEIGHBOUR GOSSIPED. SHE BELIEVED IN A LONG LIFE AND A MERRY ONE. DON'T MISS THE STORY OF HER LOVE AFFAIRS IN THIS GREAT PHOTOPLAY.

STARTING THURSDAY NEXT. THE WORLD FAMOUS DANCERS AND SINGERS

MME. & MONS. DORRIS

IN

THEIR WONDERFUL

SONGS and DANCES

ALSO

EUGENE O'BRIEN

IN

WORLDS APART"

(A SMART SOCIETY DRAMA IN 7 BEELS). -

[98.

HONGKONG ENGINEERING & CONSTRUCTION CO., LT D.

CONTRACTORS FOR

CIVIL ENGINEERING AND BUILDING WORK OF ALL DESCRIPTIONS..

Specialists in Reinforced Concrete Foundations and Structures for Factories, Godowns, Wharves, Bridges, Piers, &c.

Bole Licensees for Hongkong and China of the Franki" Patent Compressed Concrete Piling Bystem

Enquiries to HEAD OFFICE:

ST. GEORGE'S BUILDING CHATER ROAD.

Telephone Central 4581 (Two Liner).

PIANOS FOR SALE OR HIRE.

TML. 4648.

TSANG FOOK PIANO CO.,:

No. 8, De Vaux-ROAD CENTRAL (Katrance Ice House Street)

THE HONGKONG DAILY PRESS, TUESDAY, MAY

COMPANY REPORT. HONGKONG AND TERRITORIAL ESTATES, LTD.

The report for presentation to the shareholders at the first ordinary annual meeting to be held at the office of the company on Wednesday, May 20th, at noon, states:--

As is usual with all companies under- similar line of business to that taking

for which this company was incorporat ed, the first and second years of opera- tion are necessarily pioneer ones, with heavy lisbursements for development As capital could only be ended up grad- ually, we had to borrow rather heavily, in order to lose no time in building. thereby incurring interest. The balance at debit of Profit and Loss account is $183,933,71, compared principally of in- terest on mortgages and loans, all of which has been charged to profit an Loss Account. On the Kennedy Town property 37 four-storied Chinese dwell ing tours are now nearing completion. and will soon begin to make returns. With regard to our other properties the earnings arn steadily increasing.

Consulting Committee. In accordance with the Articles al Association the Con salting Committe retire, and, being eligible, the following gentlemen offer themselves for re-election:-Messrs T. G. Weall. Tsang Foo, Tong Hok Ting, E..M. Raymond and W. E, L. Shenton.

Aeditors.-The accounts have been audited by Messrs. Lowe. Bingham &

12TH, 1925.

Matthews and Blessrs. Percy Smith, Seth BUYING AGENCIES WANTED. & Fleming. Messrs. Lowe. Bingham & Mathews and Messrs. Percy Smith, Seth

& Fleming are eligible for re-election.

COTTON IN THE FAR EAST. INCREASED COMPETITION AND REDUCED CONSUMPTION.

Discussing the cotton manufacturing industry in the April issue of Commerce Monthly, the National Bank of Com- merce in New York points out that "two quite distinct factors are now serving to restrict the exports of cotton textiles from Europe, and America to the East. One is increased competition frora native mills. The other, and as yet the more: serious, is the drastic reduction in 36 gregate consumption of cotton goods oc- casioned in part by price maladjustment and in part by political unrest which in China amounts to chronic civil war, Japan, India and China together now have roughly 18,000,000 spindles, compar ed with 57,000,000 in Great Britain and 38,000,000 in the United States. In one sense the number of spinning spindles in these three countries given an exaggerat ed idea of the position of the mill-in- dustry in the Far East, for much yara is made for household foams and weav ing and finishing equipment is small in proportion to spindleage,

From another viewpoint, however, the increase in yuru manufacture in the East is only a little less serious problem to European mills than a commensurate in- crease in loom capacity, for potentially yarn is eloth, whether woven on a band or a power loom." Whatever the pro pects of increasingly severe competition as domestic industries develop in the East, the more serious immediate pro-| blem, however, is curtailed consumption. A return to pro-war standards of con sumption would result in an enormous immediate expansion of imports into the

East. Although lower prices would have a less marked effect on consumption of cotton goods in countries where the major part of the population has a wider margin above mere subsistence, there is no doubt that demand would greatly in crease throughout the world if cotton fabrics were in their pre-war relation- ship to other commodities, especially agricultural products.

The demand for cotton goods in the Far Exst was a steadily advancing one until recent times. We hope smaller consum tion may be purely temporary, and that more settled times will see increased pros perity for both British mills and their Far Eastern competitors,'

SAIGON RICE MARKET Messrs. Wm. G. Hale & Co., Ltd., in their circular dated May 1st, state:

Prices are still very firm. Paddy ar- rivals are small and though very small business has been effected during the our market fortnight under review, closes steady.

Freight to Hangkang. During this last fortnight our market has dropped daily. However, it is reported that the Halvard has been booked on the basis of 28 cents per picul of rice for prompt delivery, whereas by the 1.8. Knut Jurt 60/65,000 pieuls for prompt shipment Saigon-Hongkong has been booked for a lump sum of $12,000. An offer for delivery in the second half of this month for the s.s. Deiarongie 30/32,000 piguls for à lump sum of $8,500, has been declined and the best offer bb- tained from Charterers has been $7,600 only. Charterers are now refusing to oller even cents per picul

The Compagnie de Commerce et de Navigation d'Extreme-Orient in their re port dated May 5th, state:-

Market Our market has been rather weak during the course of the past week. However, since yesterday the prices of rice have made a sudden advance of $8.20 per picul on account of the slackening of the paddy supply. The engagements for May are rather heavy, but the supplica of raw material are expected to improve materially with such high prices. In- quiry from Europe as well as from the Far East is practically nit.

The total amount of rice exported from January 1at to April 15th, 1995, is 475,421,541 tons against 474,943,344 in 1994. We quote to-day white Baigen rice No. 2 sifted, Japan quality, Hongkong, 7.05 per picul fob. Saigon, £0.15.2 per picul fo.b. Bangon, Yen B.40 per picul fo.b. Saigon, for May-June Shipment.

LENDRUM, LIMITED, GENERAL EXPORTERS 3, TEMPLE AVENUE, LONDON, E.C. 4, ENGLAND, ÁRE PREPARED TO ACT AN BUYING "AGENTS For Responsible Firms dealing in. Paper (British and Foreign) MACHINERY, HARDWARE,

914767

TEXTILES,

FIRST CLASS REFERENCES

GIVEN AND REQUIRED.

WANTED.

WARPETS Pd, and

CARPETS for Packing Purposes, No į Matter How Old but Mast be Clean.

Apply to-

MA PERCY SMITË, 6, Des Your Road Central. [2117

TO LET.

ODOWNS ALEXANDRA BUILD.

INGS (Basement).

Apply

SECRETARY,

A. B. WATSON & Co., LTD.

TO LET.

FFICE in UNION BUILDING-TWO-

ROOMS on FOTAT F1002

Apply-

UNION INSURANCE SOCIETY OF CANTON, LTD.

TO LET,

{2173

with Private Bath Boom and COMFORTABLY FURNISHED ROOMS Private Versadaith Good Beard Sulphur Baths, Wei-hai-wei Houses stand in our the Best Fositions in Wei-hai-wei, Grounds with Good Tennis Court reaching down to the Beach and standing next to the Mainland. Golf Course Booms with Board for One Person $220.00 per Month, 1 wo in same Room $390 00 per Month, Rooms in Mat Bungalows with Matheid Roof, also with Private Bath Rooms. $135.00 per Month with Beard, Two in same Room $235.00 per Month.

A deposit of $100.00 is required on the Large Booms and $50.00 on the Mat Rooms when booked.

י

Apply for same to."

Mas. NIVEN,

Wei-hai-wai Telegraphic Address:"Novex,

[2188

PREPAID WANTED"

ADVERTISEMENTS Latiny are lying at this Offon

Bo-X, XL, 18, XYZ, YI, 39, 40, 880, 979, 1609, 1890.

HONGKONG SHARE MARKET. OLOBING QUOTATIONS.

MAT 11TH, 1925. and Shanghai Fongkong **Banks ...,005.b. Chaton Insurance $700 b. Hongkong Fire Insurances ...3655 b. Umon Insurances292), Doggia Blanship....54. H.K., C. & M. Blambosta...$394 nom Turin... $83 nom. China Bugs108 nom

******Tis.244. Langkate (combined) Kowloon Whar$198.

Docks ...

$120 nom. Whatapos

TE 1025. H.K. & S. Hotels. 1951 b. Hongkong Lands

$201 b

Shanghai Dooku

sphreys Clements (com vinod) ........ Chins Light (combined) ...$33) 5. Providente (combined) 148 nova

261 b.

....$64 nora. $40 Bh

Dairy

Electrics

ILK. Ropes (combined)

Tramways WALAORS

"

Peak Trame (old) $26 nom, (new) $9) NUTA. b-buyers; sellers, sales

Valuable Qualities

Some things are valuable because they are rare, sir; others are valuable because they are good, but it doesn't follow that all good things are expensive.

Kensitas Cigarettes are as good as really good cigarettes can be, and they're certainly not expensive.

The value is in the quality, sir.

Kensitas

Manufacturers 2

the preferred cigarette

J. WII & SONS + LTD · (7454 PICCADILLY » LONDON -W.1 - ENG. Wholesale only; DONNELLY & WHYTE, Distributors for Hongkong and South China, 1 QUEEN'S BUILDINGS Telephone: Central £36.

Jenkyn

Obra nubis ut

Line, Crawford,

Ind. Tabagneria Ffeina, Greece-BT

Tobacco StoGO, and all high.clais Tobacconista.

At 95 cents

per tia of 50

-TO-DAY "till SATURDAY-

at 2.30 p.m., 5 p.m. sharp & 7.05 p.m. JOHN BARRYMORE

in -

the greatest of Belasco Ibanez stories,

ENEMIES of WOMEN

in 11 Splendid Reels

TO-NIGHT, at 9.30 p.m.

Under the Distinguished Patronage of His Excellency The Governor

The Epic of Everest

THE CORONET

-TO-NIGHT, at 9.15 p.m.

LEE WHITE & CLAY SMITH

WITH FULL LONDON COMPANY

FAREWELL PERFORMANCE

"KEEP SMILING."

TO-MORROW,' at 5.30 p.m. and 9.15 p.m. ANITA STEWART

in

SOWING THE WIND"

and

JACK DEMPSEY

"SO THIS IS PARIS."

THURSDAY, FRIDAY & SATURDAY, May 14th to 16th.

"THREE

THE

WEEKS."

STAR

TINENTAL

ONTINE

SOLE-AGENTS:

BORNEMANN & CO., HONGKONG QUEEN'S ROAD ASTATIC BUILDING. CANTON-No. 17, Ted Tean HA KAI,