1925-05-26 — Page 3

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Hal. Contral 196.

AGENTS FOR

2, Queen's Ruildings.

BRIGG'S BITUMINOUS ENAMELS & SOLUTIONS.

SOLE AGENTS FOR 7-

UNION'

+

ANTI-CORROSIVE and ANTI-FOULING COMPOSITIONS

FOR SHIP'S BOTTOMS,

QUEEN'S THEATRE.

TO-DAY to FRIDAY, at 5.15 p.m. & 9.15 pm.

FIRST NATIONAL PICTURES

FRESENTS

The charming and winsome star ANITA STEWART

IN

"HER MAD BARGAIN

The strongest pact a woman ever made with a man

for one year of happiness,

NEXT CHANGE, SATURDAY, May 30th.

LILLIAN GISH

in her latest production

"THE WHITE SISTER

IN ELEVEN PARTS.

"

[50

THE HONGKONG DAILY PRESS, TUESDAY, MAY 27TH, 1995

WORLD THEATRE.

LAST CHANCE TO SEE

THE SIXTH COMMANDMENT

"

THE COMMANDMENT WHICH FURNISHES THE TITLE READS ~ THOU SHALT NOT KILL" BUT TO KILL DOESN'T MEAN NECESSARILY TO TAKE HUMAN-LIFE AND THIS PICTURE BRINGS OUT IMPRESSIVELY THE ACT THAT TO KILL LOVE OR HOPE OR AMBITION MAY HAVE ALMOST AS DISASTROUS EFFECTS AS THE COMMITTING OF MURDER IN ITSELP.

FINAL SHOW TO-DAY, at 6.15 p.m. & 9.15 p.m. DON'T MISS YOUR LAST OPPORTUNITY. STARTING TO-MORROW.

THE BEAUTIFUL SCREEN STAR

ANITA STEWART R

"THE LOVE PIKER”

A PLAY THAT SCALES THE HEIGHTS OF STIRRING EMOTIONS AND SWEEPS TO A CLIMAX OF BREATHLESS INTENSITY.

IT HAS BEART INTEREST, PATHO) AND COMEDY.

TO-DAY TILL THURSDAY, at 2.30 p.m. &.7.15 p.m.

A SUPER JAPANESE PRODUCTION

<

THE BATTLE"

(AN EXCELLENT PORTEĄTAL OF THE BUSSO-JAPANESE WAR.)_

HONGKONG ENGINEERING & CONSTRUCTION CO., LTD.

· 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 System,

Enquiries to HEAD OFFICE":"

ST. GEORGEB BUILDING CHATER BOAD,

Telephone Centrul 4581 (Two Lines).

PIANOS FOR SALE OR HIRE,

TSANG FOOK PIANO CO.,

'Txz. 4843

No. 8, Dan Vaut Boad Central (Extraang Ice House Street.)

78

WHO OWN THE BANKS?

MR. RUNCIMAN ON 'FALLACY OF NATIONALISATION,

The following letter was recently sent to the Editor of the Deity Telegraph by the Right Hon. Walter Runciman, a former President of the Board of Trade:

S18-Recent discussions on the nationi alisation of banks and the proposals made at the recent Independent Labour party conference all appear to be based on the assumption that the banks are the central citadel of the great capita, lists. Mr. Eamsay MacDonald has stated that he is not an enemy of capital, but that his antipathy is to the large capita Fists. pointed out some weeks ago how extensive is the number of small in- vestors in gilt-edged accurities, and I ex- pressed the sensible hope that both the numbers of the investors and the amounts of the investments would grow... It is as sumed in the case of barks that they are owned and controlled by immensely wealthy capitalists. It is As well chat the actual farts should be examined and made widely known. Those who are con ducting the campaign in favour of what they call nationalising the banks should understand that the banks are owned, nut by a few rich nion, but by an immense number of individual shareholders, and that the average holding is remarkably

mall.

How" are the figures of the ive big banks:-

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:

the preferred cigarette

J. WIX & SONS - LTD -17944 PICCADILLY. - LONDON • W. 1 - ENG.

Wholesale anksi: DONNELLY & WHITE, Distributors for Kangkong and

South Cato QUEEN'S BUILDINGS 'Talaphone: Central 435.

Barclays has a capital of 915,392972. | WING CHEONG HONG. CHINA and has 31,01 shareholders, making an axeres holding of $106.

Lloyds has a paid-up carital el £14,372,000, with $5,660 shareholders. "müking "an average of a

The Midlant has a pridone eqpital of £11,976,500, with $7, shareholders, making an average of £200,

The National Provincial has a paid-up capital of £9.470,416, with 41,603 share holders, making an average of £275,

The Westminster bas a paid-up capital of £9,031.719. with 60,550 share holders, making an average holding of $130.

The total paid-up capital of the five is EC0,473,352 and the amount of the average holding works out at £219. As to the directors, they hold their posts in a Educiary capacity, and on the whole it may be said that they are select ed and confirmed in their posts because they are not only trusted by the share bolders of the banks, but their integrity is acknowledged by numberless depositors and barrowers.

PRODUCT.CO. LTD.

OPENING CEREMONY:

The opening of the Wing Cheong Hong this Product Company was celebrated on Saturday, at the Company's office; Pedder Building.

The Company. which obtained the Rayal Warrant, by appointment to H.M. the King." at the Empire Exhibi- son. (Wembley) fast year, is registered as a Limited Company, under the Hong- kong Companies Ordinance, with capital of $1,000,000, and will carry on the business of exporters, importers, and navy contractors.

B

Speeches were made by the Hon. Mr. R. H. Kotewell, the Chinese representa tive on the Legislative Council, Mr. Li Yau Chuen, Chairman of the Chinese Chamber of Commerce, Mr. Ip Lan Chuca, Secretary of the Chinese Cham ber of Commerce, Mr. Ho Sai Iu. Com pradore of the Mercantile Bank of India, and Mr. Wong Tong, representative of the Kwangtung Daited Chambers of Commerce, all of whom wished the Com- pany every success and referred to the importance of the Company being the possessors of the Royal Emblem.

The effect of nationalising these banks would be to buy out the tens of thousands of shareholders-and with what object It would change the ownership by this very large number, whose average hold ing is only £219, for ownership by the State, and it would presumably change control by the directors, who may be re-manager of the Bank of China, Mr. Tse Karded as experts, for control by one Tsai Tai, and over 100 guests from the

Mr Siu Shui Cheong presided and there! were also present Mr. Tsu Yee Pei,

THE

Jenkyn

'Odia natte at Lane, Crawford, Lady

Tabaqueria Filipinas. GeoBy Janu

Tobacco Store, much all high-class Tabacconista,

AL 95 cents.

per tin of 50

93

CORONET

_TO-DAY_ONLY, at 2.30 p.m. 6.30 p.m. & 9.15 p.m.

LON CHANEY

THE HUNCHBACK

OF

NOTRE DAME."

TO-MORROW TILL SUNDAY, D. W. GRIFFITH

WILL

THE BEAUTIFUL LOVE DRAMA

"THE WHITE ROSE

* FRATURING

MAK MARSH, CAROL DEMPSTER & IVOR NOVELLO,

of more Government Departments, and different business hongs and banks of Times of Performances-2.30 pm, 5 p.m. sharp, 7.15 p.m. & 9.30 pm. ultimately by the Cabinet of the day. A the Colony.

Cabinet is not, and never will be, com- After the speech-making a photograph posed of men who know the highly of the gathering was taken and then tea specialised business of banking Still was served by The Hongkong and Shang- lesa is a Cabinet ever likely to under bai Hotels, Ltd. stand the difficult business of lending to suitable borrowers of varied character reasonable amounts for sound business transactions of every kind, with as little risk of loss as may be avoided by pr dent and well-informed direction and management.

GOERZ

"

FAGO

COTTON MARKET.

Messrs. Polishwille and Kotwall, in their report dated May 23rd, state: -Since February 19th we have issued no market report owing to the entire ab sence of any enquiries from the consum ing districts, business having been at a dead stup due to the political unrest and lawlessness prevailing in the neighbour. ing provinces.

The change in ownership of bank stock need make little or no difference to the policy to be parsued. A change in bank policy could only be secured through the directorate. Nationalisation may mean a transfer of eontrol by the directors, who are actuated by commercial and However, during the last week, in- financial principles only, to control duced by the very low prices now current, either by politicians, who direct bank Chinese buyers came out to all up their policy for political purposes, or by per urgent requirements with result that sons appointed by, but with no instruesome 1,300 balea of well known chops of tion from, the Government of the day. No. 10s changed hands at about 330 to In the latter case the present directors inwer than our last published quota- or men who have similar knowledge and tions, mostly for the Yunnan market. At are of similar integrity would have to

banks.

be appointed or reappointed to direct the the close, the tone is quiet and uncertain It may be mentioned that about 2,000 bales have been, overdue from Chinese New Year at very high prices, and whilst the dealers have offered to pay the losses on these bargains and cancel their con tracts, importers have so far refused to entertain the proposal.

The change, indeed, to what is called nationalisation of the banks appears, therefore, to be unnecessary, and if it is to be a change to political direction it might become corrupt, and would be very be dangerous, Certainly nothing can gained by turning the ownership of the banks over from their large numbers of proprietors, with comparatively small holdings, to the State, whether the State is to be represented by Bank Commis sioners, or a Government Department, or a. Committee of the Cabinet or a Com mitten of the House of Commone.---Your WALTER BUNCIMAŃ.

etc.,

London, April 23rd.

HONGKONG SHARE MARKET.

"CLOSING QUOTATIONS."

MAY 25TH, 1925. Shangbai

***$1,295.b.

$750 8. 8670 b

1300 b

Hongkong

Banks

Canton InsuranDAR Hughung Fire Insurances

Union Insurances.........

Douglas Stamakipe....

0&1

TERM

Star

Bobote

$50 nom

Langkate

Kowloon Whartas.

mpon Ducks

Tla. 264 b 190 b.

1334 b.

Dock

191 s.

~H.K. HOLE

Humphreys Kataton

wo

HK

Cement, the con

K.Roper

Provaleate Dairy Farms were

H.K: Electric vein,

Chins Lights... H.K. Trames "Bhall" Transporta.

Tis. 11.51b.

3pom.

Latest reports from Bombay give a heavy decline in the price of all counts and a very dull market. Unsold stocks 14,500 bales.

Shanghai. A moderate business is re- ported with a steady market.

Japanese Yarn.There is very good enquiry for this yarn, and offers by Japanese local-firms for June-July delivery at 35 to 39 under the present rates have induced buyers, to make, forward pur chases on a large scale.

The following are the quotations for spot yarn Nagasaki No. 20s, at $221; No. 10s at $905; 3 Horses No. 10s at 3213 No. 208 at 5224; Yellow Joss No. 20% at 8224; Setsu No. 10s at $205; No.! 208 at $235: Blue Fish No. 90s at $234; No. 12s at $217.

Raw Cotton-No business to report. Quotations: Bengal, 853 to $57 per picul; Chinese, 156 to 864 per picul.

SAIGON RICE MARKET.

The Compagnie de Commercevet de Navigation d'Extreme-Orient in their circular dated May 19th, states:--

During the last fortnight our market has been very dull with a downward tendency. There is no important busi- ness to report either for rice or brokens. The milling of the last contract with Japan is nearly over, and there are at present no other prospects of business. The total amount of tice exported from 1st January to 30th April, 1925, is 580,784,311 tons against 545,452,818 in 1924.

We quote to-day white Saigon rice No. 2.ailted, Japan quality, Hongkong, $8.00 per picul f.o.b. Saigon, £0.14.10 per picul Fo.b. Saigon, yen 8.70 per picul, f.o.b. Saigon for May/June. Shipment.

THEATERGLAS

C. P. GOERZ

LENSES, CAMERAS &

BINOCULARS

Developing and Printing.

TELEPHONE C. 3217

GOERZ

TENAX

HALL, LAW & CO., LTD.,

90-82, Dis Vœux Boar (0

[82

USE COLGATE'S SOAP AND RIBBON DENTAL

CREAM

SOLE, AGENTS

THE HONGKONG ́TRÅDING CO., LTD.,

BANK OF CANTON BUILDING,

HONGKONG.

CAMMELL LAIRD & Co., 1 rd.

·TRADE MARK

Skefield, Birkenhead, Leeds, etc. HIGH SPEED STEELS BEST CAST TOOL STEEL MINING STEELS

SHEAR STEELS

FILES AND RASPS

4. STOCKS KEPT AT

·13, PEKING ROAD, BHANGHAL

LILLIAN GISH.

THE WHITE SISTER

You will be thrilled, captivated and exalted as

never before.

84

C