1925-09-03 — Page 6

JUST

Cuborgot

ARRIVED.

SHIPMENT OF

TUBORG BEER

Purveyors To

The Royal Danish Court.

The One and Only Danish

Beer ou the Market.

doz. pts:

$20 duty paid.

4 doz. qts.

$22 duty paid.

SOLE AGENTS -

THE HONGKONG DAILY PRESS, THURSDAY, SEPTEMBER JED,

Tuberg

GANDE, PRICE & CO., LTD.,

Tel. C. 135.

WINE MERCHANTS,

To-night!

Hongkong.

YOU must look even lovelier than he has dreamed-your You deep pools of glory-your

arms warm ivory with never, never a trace of shadow.

K-BAZIN will give your arms-underarm and fore-arm and your neck this immaculate beauty. Pleasantly, safely, almost instantaneously, this marvellous French depilatory removes superfluous hair. It leaves the skin smooth and creamy and does not coarsen, darken, or increase future growth. And it is scented--so very delicately. For his sake and your own-use. X-BAZIN to-night, of all nights!

Manufactured by

HALL & RUCKEL, Inc.

New York, U. S. A.

X-BAZIN

Famous French Way of Remoring Hair

Exclusive Assam for South China

ILIL KOTEWALL & CO. P. O. Box 152, Hongkong

“GREATER than RUST

Vilkinson's

ANTICORROSIVE

Ready Mixed Paints

for Every Description of Iron and Steel Work Large Stocks kept

of Two Shades each

RED AND GREY

Specify

Wilkinson, Heywood & Clark's

PAINTS

Agents

C. LAY & Co., Alexandra Building

Telephone Central 763,

ន

SALE OF STINNES SHARES.

COAL AND IRON INTERESTS.

With regard to the fortunes of the Stinnes interests, which have been eng gaging, so much attention of late, the following report, sent from Berlin July 27th is of interest.

The announcement is made that the shares held by the Stinnes frus in the Deutsche-Luxerabugger Bergwerka und Hütten A.G. has been sold to it foreign syndicate which has long been in close relationship with the Rhine Elbe Union, the great" coal. iron and steel trust of which the Deutsche-Luxemburger forms. one of the chief parts. The amount of the shares thus disposed of is stated to be 21,000,000 gold marks [£1,050,000) is added that the interest of the share holders in the Rhine Elbe Union will continue to be asfeguarded in the cur tomary manner.patanab

IMPERIAL PROBLEMS.

PROSPECTS OF MIGRATION GOVERNMENT AND RUBBER

Imperial co-operation, resettlement, the compensation of Irish loyalists, rubber restriction, East African rail- ways, Empire cotton health research these were some of the problems dealt with by Mr. Amery on the Colonial Office yote in the House of Commona on July 27th. His task was sufficiently camprehensive even for one who is now accustomed to the doubling of roles. ve quired at present of the Secretary of State for Dominion Affairs. Mr. Runciman found a name for the new department, when he likened it to a

Foreign Offos with anamily feeling," and Mr. Amery gave the House a good methods by which the family tradition deal of insight into the particular

was being preserved. He described how,

Unofficially it was reported by the the absence of an imperial Confer Büren Courier that the syndicate was ence, close touch has been kept with the represented by the firm of J. Henry Dominions by telegranis. Over 120 such Schroeder and Co., of London, and on messages had been sent in eight months, the Bourse the rumour was current this one-third of the number on the subject this firm was acting for joint Americanf the Protocol and European security. and German interests. The latter report, The House heard with interest of the however, is without official confirmation new liaison arrangement established by The immediate effect on the Berlin Australia, whose Prime Minister bas a Bourse was to Bond up the quotations special representative in London, who for shares of a similar character,. It has complete access to documents, even but been expected with somewhat gloomy Cabinet papers. Mr. Amery intimated anxiety that the holdings of the Arm of the home Government's willingness to Stinnes in the various trusts and asso accord like facilities to any other Domin- ciated undertakings might be launchestion to whom the new method appealed. on the Bourse with a depressing rfect. He paid warm, tribute to the most. and there had been a good deal of effective work of the Prince of Wales in speculation on a probable fall in prices. this vital matter of Imperial under- As matters turned out, there was no standing. Hanna ground for these fears. This board of Passing on to discuss questions of Em- the Darmstadter and National Bank, aspire resettlement, Mr. Amery was able the head of the syndicate of German to enlighten the House on the new Aus banks which has come to the aid of the ftralian scheme by which it is hoped in Stinnes firm in its present difficulties, has | the next ten years to settle 430,000 handled the situation with skill and people, including 34.000 families, on deliency. It has, therefore, averted a Australian farms, The Commonwealth collapse, and. at the same time, avoided Government has undertaken to raise the sale of Stinnes holdings at what might have been knock-out prices.

GREAT TRUSTS.".

fonos up to the amount of £24,000,000 for issue to the various State Governments in respect of development schemes that may be agreed on. The home Govern- The immediate effect of the sale is to ment, in addition to its contributions to cut the Stinnes firm off from farther in-assisted passage, provides towards in- terest in the great trusts with which they terest £130,000 for every £750,000 thus have so long been associated. These, by raised, that being the sum estimated to a process of concentration spread over a be required for the settlement of 10,000 great number of years, had gradually persons. Our part will be further in absorbed or taken in on working the direction of helping to provide and arrangements a number of combinations maintain the reception depots where they which included Siemens Schuckert (itself are found necessary in the country dis a combination of Siemens Halske and tricts. - Canada; meanwhile, is settling Schucker and Ca), the Deutsche 3,000 elected, families under her own Luxemburger group of mines, furnaces, management. Even after describing and inctories, and the Gelsenkirchener these, operations, Mr. Amery could only group, the Bochum group, had the comment upon, the comparative inade Elektricitats A.G. of Nuremberg. The quacy with which the problem was being capital of the Doutsche Luxemburger is tackled. Dominions did not yet grasp 91 million marks (£4,550,000), and of this, clearly the conception of Empire settle the Stiones frm held about one-fifthment as an essential factor of their grow The Deutsche-Luxemburger owns 14 ing, national life. On this side: social mines, with 30 shafts, about 1,500 coks legislation, like insurance and pensions, ovens, with their associated benzol and was having a retarding influence. We, briquette factories, seven fron mines, ] for our part, must be prepared to help and five iron and steel factories, together the men whom we resettled to bay from with four sales companies. This forms-us- by purchasing their products. however, but part of the group of The establishment 11 the Colonial smaller trusts that the late Hugo Stinnes | Ofen of a Chief Medical Officer of welded into self-contained organizations Health-the small beginning, a le from the mine to the sale room the Amery hoped, of an Imperial Health bank parlour and the shipbuilding yards. Department-was an item of interest.

WATCHING RUBBER.

The greater part of these interests was acquired during the war and the in flation period, when, owing to the The Dominions Secretary passed on facilities placed by the Reichsbank into discuss rubber restriction, a subject the way of the leading industrial trusts, upon which a little later Mr. J every opportunity was given to the Thomas, the Labour Colonial Secretary, imaginative organizer of big busines to eager to baw notable tribute to Mr. extend horizontally and vertically In the services of Lord Stevenson. this process the firm of Stinnes acquired Amery discounted the suggestion that control over numerous other undertak restriction had had the effect of raising The greater part ings apart from the parent businesa Prices unduly high. which in the days of Hugo's grand our next yea's requirements, he de- Father, Matthina. Stiones, had been a clared, had already been met at moder small coal, iron, and transport business ale prices. Speculators had, indeed, on the Rhine and Buhr. The end. taken advantage of a temporary short of the inflation made the problem 466, and the effect in individual cases was such as to require" close, scrutiny. of financing these acquisitions & Very but suchen change of policy would difficult one, and it was increased when he gravels unfair, to those who had the mark actually became stabilized by

the process of the Reichsbank restricting already minde contracts. If investigation credits. The conditions within the Ger- should reveal the prospect of grave man industrial concerns had become such that nothing but the return to a gold basit could give any idea of their financial position.

HUGO STINNES'S DEAŢII, While this was in progress the master

shortage, Mr. Amery pointed out, the Government would, of course, have to consider whether any change might have to be made in existing rates. The. Government's one concern was the main- tebulice, not of a rate of undue profit, a great industry, in which but of

1995

GREEN ISLAND CEMENT CO. LTD.

Best Portland Cement

SHEWAN, TOMES & CO.,

GENERAL MANAGERS,

HONGKONGS

CHINA PROVIDENT LOAN & MORTGAGE COMPANY, LTD.”

Advances made on Landed Property, Goods, ete

Trustees of Estates, Executors of Wills, ete.

Warehousing of Goods of all Description.

For Terms and Particulars

Apply at the Head Office-

"St. George's" Building.

Telephone: C. 781. Telegraphic Address : " RELYAT.'"

HONGKONG TUG & LIGHTER CO., LTD.

109

Single packages and small consignments received

and delivered by Motor Lighter.

Motor Boat and Launches available for Ficnics

and Bathing Parties.

Stevedorage and Lighterage. Work undertaken.

and Lighters available at all hours.

For terms and particulars apply at

TELEPHONES :

HEAD OFFICE-ST, GEORGES BUILDING.

Head Office Contral 781. Chinese Branch Office-Central 4885.

Night, Bunday or Holida Ring up Kowloon 627.

[110

HONGKONG & TERRITORIAL ESTATES, LTD.

(Property Owners, Estate Agents, Land Valuers, etc.)

WILL UNDERTAKE THE

Development and Improvement of Landed Property and attend to all Branches Real Estate Business.

VIELEPHONE

0.781-

For terms and particulars

Apply at the Head-Office,

"St. George's * Building.

Telegraphic Address: “ESTATES

100

hand was withdrawn. Hugo Stitines millions of British capital had been THE BARBER ASPHALT CO.

died on April 10th, 1924, three days after sunk, and of the supply of raw material the Reichsbank made its memorable desat n reasonable, price, ple cision to cease granting credita There Mr. Thomas had no doubts as to the was much speculation as to what would advantages of restriction, for which the be the fate of this trust after his death. tremendous debt of gratitude His country oved Lord Stevenson a hut one conclusion was generally accept advice to the people of this country was ed-namely, that it would have to con-

croirate if it was not to go to pieces not to lose their heads and play into altogether. This was no easy task the hands of American interests. Mr. Hugo Stinnes had left a divided control Thomas had a word of remonstrance as part of the inheritance. The fnet for the Dominions, whose fastidious soon became known that the affairs of selection of would be immigrants he held the firm were not prospering. On June to be the cause of the present slow ith last, the Vatische Zeitung came progression. They had no right, he said, oat with an estimate of the Stinnes firm's to the "pick of the basket, and ought indebtedness, which it put at 155 million to be content with a fair average of marks (£7,700,000), of which 110 million our people. (£5,500,000) were short-term bills failing LASEA due in June and July.

About 20 per cent, it went on to add, houses. The Prussian State Bank recent was covered by goods and stocks, andy gured in two liquidating, transde

USE COLGATE'S SOAP AND RIBBON DENTAL another 50 per cent, by money due to tions, as it bought the Stinnes timber

CREAM

SOLE AGENTS:

THE HONGKONG TRADING CO., LTD.

BANK OF CANTON BULLDING

HONGKONG

OF PHILADELPHIA, Pa.

GENASCO ROLL ROOFING & FELT. (In Various Thickness and Weights)*

Owes its Unsurpassed Water-proofing Wear and

Weather-resisting Qualities to

TRINIDAD LAKE ASPHALT CEMENT

Nature's Own Water-proofing Material Contracts for Laying Undertaken and Specifications Submitted Tree,

conference was held at which the banks forest and the Hamburg quay sites: 1 agreed to put up 50,000,000m; (22,500,000) Humour is busy with the other assets of the difference against the pledging of of the Stinnen firm, and hardly a day securities For the remaining 40 millions passes without some sensational state syndicate was formed, which included ment being made regarding its fleet, its the Darmstadter and National Bankbainees in Hamburg, or its hotels, to loader, the Deutsche Bank the Dir conto. Gesellschaft, the Dresdner Bank But the liquidation evidently is being say nothing of its minor undertakings the Prading Sente. Bank (Beehandlung), carried out without undue haste and an Warburg, the Berliner, Handely-Gesell the determination that what is offered schatz (in which the Stinnet frm wada shall fetch its market value, It would large holder), the Mittel-Deutsche Kredit- therefore be well to discount in advance Tel. C, 781- bank, and offer Berlin and Frankfurt most of the rumours now in circula-

(Continued et foot of next Column.) tion

Apply to

SHEWAN, TOMES & CO.,

ole Agents.

Import Dept., St. Georges Building

M1108/