1925-11-27 — Page 3

ן

SPECIFY

K. F.

BALL BEARINGS

ON ALL MACHINES YOU. ORDER.

We own supply Bearings for all kinds of Machineä, POWER SAVING. NO HOT BEARINGS.

SELF ALIGNING REQUIRE LESS ATTENTION.

1

THE HONGKONG DAILY PRESS, FRIDAY, NOVEMBER 7TH, 1925

THE UNITED ASBESTOS ORIENTAL AGENCY," LTD.

Address: 2, Queen's Buildings.

Tel Central 230

SOLE AGENTS, FOR HONGKONG...

RADIO IN THE PHILIPPINES.. THE SITUATION REVIEWED.

the

69

ILLICIT OPIUM TRAFFIC. ACTION BY INSURANCE COMPANIES.

HONGKONG STOCK EXCHANGE

CLOSING QUOTATIONS.

Representations have, it is understood, been made that considerable quantities

Hongkong Bank

Do..

London Chartered Bank..

NOVEMBER 20TH, 1925.

51,090 mm. £191. £20 nom.

Do

£15¢ dom..

Bank

£✈ com

Bank

of opium and other drugs are shipped Mercantile Bank, A. & B... nom. from various ports to the Far East and

the United States, and that these are P. & O. sometimes concealed by the firma engaged | East Aria in the traite with other goods, and Canton Insurance

Opium, says the China Underwriters что not declared.

.....485 nom.

1600 Rom. Su buy.

"Tx 140 nom.

writer of City Notes in the Times, is North China Insurance... bar..

known to be shipped from ports in the Union Insurance Persian Gulf, ostensibly for such ports in Yangtze Insurance

China Fire Insurance

$35. buy.

$160 nom.

...$40 nom. H.K., O. & M.-Steamboats1 buy. Hougang Tage........... Indo-China (Prof.)

333 nom.

Shell Tra

aroa

buy

(Def.), London 170 now.

Honghong 70 Transports ............... Bar Ferries Waterboats. Oriental Navigations China Bugars Malaban Sugars...... Kailan Mini

Ad....

50 20

..335 sal, 33 an.

$48 FORD

Ja nom.

48/

che Far East, as Dainy, Vladivostock, and. Bo Fire Insurance 10 Kobe, but actually to be discharged be- fore the ship' reaches the destination de- clared. Some of the shipments are be lieved to be made from Persia, and it is suggested that'nance can be arranged in China, provided insurance is obtained in the London market. In those circam stances it is natural for underwriters to desire to prevent the illicit trafic in dan gerous druga, such as opium, heroin, and cocaine. In the case of all legitimate ime ports a licence, or authorization should bave been obtained from the Government of the country to which the drugs are to be consigned, and it will be seen that under the new clause quoted above, any insurance will be subject to such certifica tion and to the warranty that the drugs are actually imported into the country in which the authorization was granted and are nct diverted to other ports A refusal to entertain various proposals for iosur ance was fund effective during the war in preventing traffic in goods which was inimici to the Allied nations, and the present action of underwriters should be similarly useful in preventing the traffe is illicit drugs.

situation for a transmitting station is in the country, free from extraneous acises and electrical disturbances of all kinds, transportation must be furnished to opera (FROM "THE MANILA TIMES."1

tors as well as food under certain circum. Until about a year ago, all radio activi. stances, and messengers must be employ- ties in the Philippines were under the coned to deliver messages. As a result of trol and jurisdiction of the Philippine all these charges, the cost of a shore radio Government itself, or were exercised by station for communication with ships' is the Army and Navy under the United on the average in the vicinity of Manila States Government supervision in their about 3,000 per month; this not includ ing the interest of the capital investment. separate departments,

New consider the receipt side. For During the Sixth Philippine Legisla messages transmitted to ships other than, ture Third Session, there was enacted Philippine registry,

company is and approved by the Governor-General, authorized to charge 20 centavos a word, on November 25th, 1994, cau Act, entitled 10 cts. gold, and for inter-island, ships,

An Act Granting a Franchise to Far

12 centavos, or sets. gold, or an average Eastern Radio, Incorporated, for the

of 18 centavos per word. Translated into Establishment, Maintenance and Opera

words, this would mean an average of tion of Radio Broadcasting and Radio- Telephonic and Radio-Telegraphic Con roughly 12,505 words per month and abr mercial Services, and Prescribing the Considering a message contains generally 10

words, 10 messages a meath; or litions Thereof."

messages a day, must be handled in order One of the requirements of the Act was

to meet expenses When cre considers takt the company should execute a hond

the shipping of Manila, it is readily scen in the sum of fifty thousand pesos' con-

possible of achievement.it ditioned upon the faithful performance of

must be remembered that the above nun- the obligations of the Corporation during ber of messages are paid words, whereas the first five years of the life of the fran

in the average 25 per cent of all the thine. The bond was executed and the messages handled are for the benefit of Corporation proceeded to follow out its the public in general, and consist of wea obligations. Ode of these was the estab-ther reports, front sea, the indications of lishment of an efficient ship to shore radio typhoons in distant sections and general communication with ships and another meteorological reports of benefit to ship-F. Stockton, of Manchester, is the chair- the establishment of a broadcastinging in general

station.

Due to the dearth of proper material and the lack of experienced personnel: the stations established were not of the Sest, though sufficient to satisfy the re- "quirements of the franchise.

this' is

All these messages are handled free and these are such that the whole Govern ment service and the public are beae Atted "thereby.

. ARTIFICIAL SILK. FURTHER DEVELOPMENTS

FORESHADOWED.

(combined)... (single)

Loans

Langkats

nghai Explorations.. Raubs

Tranch Mines. Ural Caspiana HK & K. Wharfa...... E.K. & W. Docks Bongke

New Engineerings.... Shanghai Docks.....

FK Fotels (old)......

T. 34 buy.

1.6 buy, Steel. T. 8 nom.

• buy.

$31

.60/- nomi.

TROK -/B

$134 bay, 135 & $34 buy., 55/544 sa,

Tha. 160 bay "..Ils, 74 bay.

Tls. 117 Bry. Jat bay. ..536 buy.

Hongkong Lands. Hongkong Realtys (c.p.)$5 nom. HK. Territorials (f.p.)........... Humphreys Estates...

Prince's Buildings

Bural Lands

Ewo Cottons

Orientals.

Do

$5 buy. $18 nom.

$150 nozo

$7 sel.

Tis. 10.60 nom. Tis. 32 bay. 59 bay. (new)......Tls. 32 boy.

$10 bay.

Shanghai Cottons (old)... Tls: 59 Amusements Canton Icos ..... - Cements (combined)

Do Do.

(old) (new).

nom,

3134 buy, 15 sel $12

12 nom.

$2.90 nom. Tla 105 buy.

$15+ nom.

Chins Buses China Idghts (combined)....Jai sel

(old)....

Do.

Da.

Do.

sel

China Providents (corab.)....$33 nom. (old)..... (actor)...

$0.15 ..$14 bay. ..$t hay..

10 now.' ' ...53 buy.

Constructions

It is on the cards that further striking connection with the developments in manufacture, of artificial silk yarns in Great Britain will take place at an early date. Apart from the £1,000,000 Anglo Dutch Company and the £350,000 British British Visada, Ltd., which have already been formed, there are strong rumours that other companies are ia process of formation with directorates comprised mainly of prominent men connected with the textile trades of Luncashire and York shire,

The British Visada, of which Sir Edwin

man, as taken over the Python Mill, at Littleborough, which requires very little

Ropes (combined). altoration to adapt it to the manufacture

Do. (old) of artificial silk yarns. The contract for

Do.

(new) the plant and machinery, which will cost in the neighbourhood of £150,000, has been Hongkong Tramways... allotted to Dobson and Barlow, the well-Lane Crawfords. known Bolton firm of textile machinists. Peak Trams (cid) who have been specialising for some time Do. (new) (o.p.)... in this class of machinery. "This is re. Sinceres. ported to be the first occasion on which, Taxis a big order for artificial silk-making has been secured by a Lancashire firm.

The first anit of the machinery is ex pected to be running by the spring of next year, and the mill should be work ing at full capacity about six months later. When completed the mill will employ between 700 and 800 operatives.

RUBBER MARKET..

SINGAPORE SHARE QUOTATIONS.

Messrs. Carroll Bros. received a cable from Singapore yesterday announcing

that Rubber is now 81.60 per pound and

giving the following prices of shares:--

Straite.

84.50

Alor Gajaho

Bassetts

Bukit Katil

In addition to the expenses that have been listed in connection with the trans- At the time of the granting of the fran-mitting station, there is considerable chise to the Far Eastern Radio, Incor added expense in the matter of account porated, by the Legislature, a franchise ing, requiring expert clerical force to was also granted to the Radio Carporn make out and formal proper bills for tion of the Philippines, which the Gover accounting and keeping proper record of nor-General, on advice of his technical nasistants, and for other good and suf. meaanges. Every message originating on a ship other than inter-island, make ex- ficient reasons, exercised his power of tended correspondence with the radio veto. In spite of this, however, the, then settling office of the ship concerned, and Radio Corporation of the Philippines due to the great distances to be covered placed in operation a broadcast station; by the necessary mail, this raeans a wait and being granted a temporary limited of several months before accounts are license by the Director of Posts, trans settled and paid, thereby interest on mitted messages to ships other than those money due for that waiting period. of inter-island registry: The Far Eastern The question naturally arises then, what Radio regarded all these activities as con-prompts capital, to invest the radio art at all7 There are several answere. trary to all law and precedent, and im mediately considerable trouble arose be perhaps, and one is to allow the company tween the two companies.

in! more profitable forms of It has been the experience of radio to engage

communication, which are now denied communicating companies of all countries them. The franchise granted by the that the ship to shore radio communica- Legislature to the Far Eastern prohibits tion has rarely or ever been a profitable it from engaging in communication be enterprise, and certainly in the Philip tween points wholly within the Philip pines it is no exception to the rule.

pizes. Such communication is reserved Being hardly enough business for one wholly to the Philippine Government station, there is certainly not enough for under the jurisdiction of the Bureau of two.in the same locality, particularly so Posts. There are now about 20 such when the operating companies are un stations in various points in the falands, friendly and there is constant radio inter besides quite an elaborate" system of ference and friction of all kinds.

cables. Those who are familiar with the Due to the fact there is no basic law Government working, know how dificult in the Philippines which is authorized to it, is to get sufficient funds to replace old settle deputes as they may arsic, and the antiquated stations or to modernize them. absence of any law on the subject, the and there is the constant cost of upkeep differences between the two companies and overhaul, auch Ga every station, continued, with constant appeals to the whether Government or privately owned, Courts, which themselves, in the absence experiences. Further the cost of enhles of law, did not know bow to proceed to settle the controversies.

Conditions became worse and worse with the result that the public, was not getting the service it had a right to ex pect. However, private persons interest Now the question arises, if this system ed themselves in the situation, with the cannot be profitably operated by the result that finally the two rival companies Government, how can it be profitable formed a combination, or rather the Farunder private control! The answer to Eastern bought out the interests of the this, new apparatua could be installed and Radio Corporation of the Philippines and systems used which are more moders, and at the same time bought the name also, much less costly, and being given ove: to and now one legal company is operating private interests, it could cater to the under the name of the Radio Corporation quick transmission and delivery of private of the Philippines

messages between the important centres There still remained some amouldering in the islands and so attract business Friction between the old Far Eastern in which is sometimes crowded out be the terests and the old Radio Corporation, in- press of Government business. Calcula terests, until it became unbearable, with tions as to cost, interest on investment, the final result that the old Far Eastern depreciation and probable number of interest bought out the old Radio Cor messages, etc., show that this would be poration, and the personnel of that orn profitable adventure for a private com-clared: United Malaccas, 8 per cent. pany, Universal experience has shown int; Bukit Katile, e per cent. int. ganization disappeared from the picture.

that the mere systeme o comanchen Scudais, & per cant; int

The rubber market at present is a little provided, the more business there is, and the more need for still more communica- wenker but Masera Carroll Bros.' cor It may be surprising to some to read tions Competition is still the life of all respondents state that they hope to see that the ship to shore radio business is trade. Let the Government, service opera further improvement in prices. unprofitable, but the present company is ate side by side with the private interest, anding out that it is only following in the and let the public decide. Trade follows "footsteps of many another company pre-communication, is as truly a manner as

SHIP TO SHORE BUSINESS UNPROFITABLE.

is almost prohibitive, requiring the ser- vices of one or more cable ships, with their high cost to keep cabica repaired, when they are often interrupted during bad weather.

Jerama

Jimahs

Kedahs

Dairy Farms Der A Wing (Ep.) Hongkong Electrics Macao Electrics H.K Developmenta

Mackintoshs.

United Asbestos

19 sel.

.840 rom.. .30 eta, buy. $10 Bel.

$132 nom.

$8ź nomi

buy., 241 28. ..$12 bay.

8214 nom. ..$15 buy.

$9 nom.

$11 sel.

$5 sel

..$20 nom.

$16 sel

$15 sel.

Watsons (old)........

Do (new)....

...$14 sel.. Wm. Fowalls

buy-buyers sel-sellers; sa-sales ;

སྙམ

"SAIGON RICE MARKET.

The Compagnie de Commerce et de Navigation d'Extreme-Orient report under date November 17th:-

Our market is very firm with an up- ward tendency on account of a strong demand from Java. Practically, no de- mand either from Europe or from the Far Eastern markets.

The trade with Hongkong is improving gradually, but the volume of transactions is still very small.

The prospects concerning new crop can- tinue to be rather fair.

The total amount of rice exported from January 1st to October 31st, 1925, is 1,237,21,995 tons against 990,504,983 in

We quote to-day white Saigon rica No. 15 per cont brokers round grain, per picul of 134 lbs. f.o.b. Saigon: Bengkung $8.85 £0.13.8; Yen 9.45

White Saigon rice No. 2 sifted, Japan quality, per pioul of 134 lbs. f.o-b. Saigon: Hongkong $6.55; 20.13.0; Yen

Amal. Malays

4.75

Ayer Melcks

3.75

"

Ayer Panas....

15,00,

Balgownies

7.25

2.33

Bukit Jelotongs

9.00

2.20

Changkat Serdangs

12.30

Gleneslys

"3.40

1924.

Indragiris

13.50

9.00

3.50

5.10

Kempas

12.95

Kuala Sidims

4.30.

Lunas...

18.00

Kalaka Pindas

4:30

9.05.

Malakoffs

€.00

"Mandai Tekongs

Mayfelds

1.50

14,50

New Berendahs

6.00

Pajams

18.25

Parit Peraks

5.80

Perak Rivers

2.75

Funggers

2.20

Sandycrofts

6.00

Seudais

5.60

6.95

33,50

9,90

18.00

1.90

4.25

6.00

"Sungai Bagans

Tapahs Tambalaks Teluk Ansons.

Temerlohs

United Malaccas

Utan Simpans

miner

The following dividends have been de

SHANGHAI DIVIDENDS AND QUOTATIONS.

eding it, engaged in the same class of it follows the flag, and the tutore of com the following dividends déclared, and the

for

munication the more trade

business. An up to date, efficient radio

An endeavour was made in the Legisla. station, means the expenditure of con- Liderable capital. Suitable land or build- ture that has recently adjourned to have ings for its installation must be provided the franchise of the Far Eastern amend- either by purchase or rental. It must ed, so as to allow it to engage in inter-- be operated under electric power which is and business, but for several reasons is a constant charge, must be connected failed of success, This failure, however, by telegraph and telephone lines to a city will not in any way prevent another at office, for quick delivery of messages, all tempt to secure this legislation, and if of which is quite expensive, and must be it can be secured, the public can be as- furnished with enough operators to keep sured of efficient, rapid service, and the a constant watch of 24 hours daily, and company itself can be assured of a profit. this cannot be efficiently attended to with to counterbalance the loss of its ship to less than three operators. As the best shore business.

Mesere, Benjamin & Potts communicate lateet prices received from their Shang- hei Ofice:

Kreewocks: 3rd interim dividend of

TL 1:00, making Tis. 3.

Java Consolidateds:-3rd interim of T: 0.75, making Tha 25.1 Tanah Merahs 1st interim of T..

0.10.

Senawangs Repaha

"QUE GREAT PRIHOE.

A policeman, at Marlborough-street Police Court last month, said the pris oner was singing "God Bless the Prince of Wales."

Prisoner: I said, "Bless him." "

Mr. Rooth (the magistrate); We all say that. He is the greatest Prince of Wales we have ever had in the history of this country.

Wellington

ANTI-SCREEN

TO-DAY & TO-MORROW at 2.30, 5.15; 7.15 & 9.15.

JACK

COOGAN

IN

HIS GREATEST PICTURE

LONG LIVE THE

KING.

QUEEN'S

QUEEN'S THEATRE.

MR. A. STROK PANTS

RUTH St. DENIS

TED SHAWN AND THE DENNISSHAWN DANCERS.

ONE NIGHT "ONLY; TUESDAY, December 1st, 9.30 p.m. Prices:-$5, $3 Reserved and 82 Unreserved (Soldiers and Sailors, in uniform-Half Price to $2 Seats),

POSITIVELY. ONE NIGHT ONLY.

BOOKING. AT MOUTRIES.

A REMINDER.

THE HONGKONG A. D. C PRODUCES

[2922

"A LITTLE BIT OF FLUFF

AN THE

THEATRE ROYAL

ON

December 2nd, 3rd, 4th and 5th, at 9.30 p.m. Seats can now be Booked at ANDERSON'S, Soldiers and Sailors-Half Price to $1 Seats.

The Proceeds of the Fit Night's Performance on WEDNESDAY, the 2ND Dzczmaza, will be given to the Submarine " ML' Disaster Fund.

(2624

BIG REDUCTION

VICTROLAS

25% DISCOUNT

10% FOR CASH IN ADDITION.

S. MOUTRIE & Co., Ltd.

VICTOR DISTRIBUTORS.

8.S. "YALOU.!” COMPAGNIE DES MESSÄGERIES

MARITIMES,

NOTICE,

[11

S.S. "PAUL “LECAT.".

COMPAGINE DES MESSAGERIE: MARITIMTĖS,

NOTIC

YONSIGNEES of Cargo from DUNKIRK,

ANTWERF MIDDLESBOROUGH, JONSIGNEES of Cargo from MARSEIL

LES, &, in onnection with above LONDON, ao Cargo from LA PALLI. OH and COGNAC ox xa "MEINAM,” in Steamer are hereby informed that their Goods connection Aberre Steamer are hereby with the exception of Ogim, "Tremeure and int Valuables are being landed and starvi that their Goods with the exception

with its the Godown of the Hangers their Treasure and Valuables are being

be obtained

informed

of Optostered at kaair risk into the Godowns {"and"

landed

Prth Bangsong and Kowloon Wharf and Wharf

and Godown Doy

Godown

Ltd Kawloon, Oo

bence

Delivery

may be obtained immediately after landing.

Cargo

wil

be forwarded on maless

whence Delivery may

after landing.

Cargo will be forwarded on unless

is received from the Consignass

received from the Consignor before 10.00 To-day, sogusting it to be

18 Noon, To-DAI,, requesting it to be landed here.

hers.

of Lading will be countersigned by

Bills of

will be countersigned by the the Undersigned. Goods rain sining unclaimed after Tuesday, the 1st December 1925, at

af

Goods remaining unclaimed after the 28th instant, of Hou, will be rabject to Bent and Landing Charges.

Noor, will be subject to Beat and Landing Соткая

All Claims must be sent in to me an ex before All Claims must be sent in to me on or before or they will Tuesday, the 1st December, 1925, or they will Friday, the 4th December; 1925, or not be recognised.

fan not be recognized.

All damaged Packages will be examined on. Tuesday, the 1st December, 1925, at 10 am... by Menara. Goddard & Douglas.

affected No Fire Insurance has been

All damaged Packages will be

aramiñed

40

THE FINEST PLATE FOR FLASH- Saturday, the 28th instant, 10

by Messrs, Goddard & Douglas.

LIGHT WORK,

QUOTATIONS..

Fig. 5.50 buyers..

4.70

WELLINGTON & WARD,LTD.,

3.76

Kota Bahroes Tanah Merahs

3.0%

ELSTREE, ENGLAND

No Tire Insurance has been effected.

B. RODENTUREB,

Agent Hongkong, 22nd November, 1925,

[2899

E. BODENFUBER,

Agent.

1926.

[2906

Honging, 25th November,