1926-01-22 — Page 3

Page

THE UNITED ASBESTOS ORIENTAL · AGÈNCY, LTD.

Tel, Central 230.

AGENTS FOR

COMPANY MEETING,

THE

HONGKONG DAILY PRESS, FRIDAY, JANUARY 22ND, 1926

HONGKONG STOCK EXCHANGE.

T

ESTATES, LIMITED.""

OLOSING' QUOTATIONS.

JANUARY 21st, 1928.

Stand and Deliver

`2, Queen's Bufldings,“

BRIGG'S BITUMINOUS ENAMELS & SOLUTIONS.

SOLE AGENTS FOR

“ UNION'

22

ANTI-CORROSIVE and ANTI-FOULING COMPOSITIONS

FOR SHIP'S BOTTOMS.

ANCHOR BRAND

*THE CORDAGE YOU CAN TRUST."

PURE MANILA

MARINE RUPE

TRANSMISSION

OF POWERTROPE

CABLE LAID

HAWSERS

WELL DRILLING CABLES

ROPE.

ESTABLISHED '1854

ROPES OF ALL

SIZES FOR ALL* PURPOSES"

YNCHAUST

ROPE

FACTORY

MANILA

MADE FROM PURE MANILA

HEMP

MANUFACTURED

BY THE MOST

MODERN

MACHINERY.

STOCKS ON HAND OF ALL SIZES. ENQUIRIES SOLICITED,

FACTORIES-MANILA, PE

TELEPHONE CENTRAL 3165,

HONGKONG OFFICE:

KING'S BUILDING.

SOUTH CHINA KNITTING FACTORY,

Owing to the rapidly increasing demand for our HIGH GRADE COTTON SOCKS.

We have recently installed the

11

latest machinery, making it the

MOST MODERN KNITTING FACTORY IN HONGKONG,

We can now cope with the largest orders in the shortest time, and invite-enquiries from Wholesale and Export Firms, who are interested in a class of Cotton Socks which have rapidly acquired a wide reputation throughout the Far East and India for Quality and Dependability.

16

Office and Factory: MONGKOK, KOWLOON. TEL. K393 Cable Addrem SOUCHIKNIT, HONGKONG.

THE

GREATEST PIANO

IS THE

[194

A.P.B.

VALUE

MOUTRIE.

LIBERAL DISCOUNT FOR CASH, OR SMALL MONTHLY INSTALMENTS.

CATALOGUE ON REQUEST,

S. MOUTRIE & Co., LTD.

CHÁTER ROAD,

"The hope of the New Year' lies in increased co-operation between the Chinese and the Foreign business man”

THE HONGKONG EVENING POST.

THE ONLY CHINESE EVENING PAPER,

is the best field for enterprising Foreign Firms who wish to make their goods known amongst Chinese Firms of the highest standing.

All information regarding Advertisements from— THE ADVERTISING and PUBLICITY BUREAU,

Alexandra Buildings. Tel. 80.

A.P.B.

[3038

HONGKONG AND TERRITORIAL

50,000 PREFERENCE SHARES TO BE Hongkong Bank 1.050 bút 1,060 85 gi

ISSUED.

An extraordinary general meeting of Hongkong and Territorial Estates, Limited, took place yesterday morning at the offices of Messrs Shewan, Tomes) & Company.

Mt. R. G. Shewan presided, and there were also present: Mesara M. Ray mond, T. G. Weall, J. Scott Harston. Tong Hok Ting (Directors). Mr. A Braun (Secretary Manager) and Mears. H. Dreyer, F. Farrant, A. L. Shields, J. Toppin, I W. Shewan, A. Botelho, D. W. Manton and A. Keith (share holders).

The Secretary read the notice conven- ing the meeting, and also the two resolu tions for presentation to the meeting, which were as under:

Do.. Londen.. Chartered Bank.............

197 nom. Mercantile Bank, A. &B... nom.

Do..

Bank.

"ODE 467*

$95 nom. $580 buy,

nous $at nom.

F.E Est Asia Bank Canton Insurance China Underwriter........... North China Insurance Union Insurancë (4)**** Yangtas Insurance Chins Fire Insurancs Hongkong Fire Insurance... 5000 sal.

$39 val. Doggiases.

મન મ

Ffts. 145 nonL

48 buy $96 bay. $165 bay.

O. & M. Steamboats... sol. Hongkong Taga....... Indo-Chinas (Pret.)

Do

... nom.

. com.

(Def.), London...$43 nom.

Shell Transporta Star Ferries.... Waterboats Oriental Navigations China Inga....... Malabon Bugars.......

Rangnets Ad

Mining Ad..

1. That the capital of the Company be increased by the creation of 50,000 new" shares of $10 each to be called Pre-Į Langkats (combined) ference Shares to which there shall, besik. (ringle) ........... attached the special rights and privileges Shanghai Explorations. following that is to any

Shanghai Loans

(a) The said Preference Shares shall Bab

carry the right to a fixed cumula-Tronch Mines tive preferential dividend from the Ural Caspians date of allotment at the rate of per cent. per annum on the capital for the time being paid up on such

"shares.

(b) The capital paid up on the prefer ence shares shall not be liable to cancellation or reduction in respect of loss or depreciation. (e) In the event of the winding up of the Company the holders of the preference shares shall be entitled to have the surplas assets applied in the first place in repaying to them the amount maid up on the preference shares held by them respectively and any arrears of dividend up to the commencement of the winding up whether declared or not, but shall not be entitled to any further participation in such surplus assets.

That the said 30,000 preference shares shall be allotted at auch time or times and in such manner and for such purposes in every respect as the Com- pany's General Managers with the sane tion of the Committee may decide.

The CHAIRMAN said: The object of the resolutions in the notice just read is simply to raise further working capital. This would not have been necessary had the final calls on shares been fully met. but I am sorry to say that about $290.250)

HK & K Wharfs. H.K. & W. Docks Hongkowa.

New Engineerings.. H. & Hotels (old). Shanghai Dock...... Hongkong Lands Hongkong Realtys (c.p.) H.K. Territoriais (f.p.)... Humphreys Estates. Prince's Buildings. Rural Lands Ewa Cottons Orientals Shanghai Cottons (old)

(дем).

97-nom .438 ael. $18 bay. 3250 nom. ..$31 sel.

$48 nom.

$1.90 nom,

44 buy.

The. 32 sel.

20 nom.

ידי

Tis. 5.46 nom

Th. 8 nom $5.90 sal

..55%.nom. .8/. DOM.

197 3571 buy. Tia, 160 nor Tla. 7 bay. The. 114 sel. 871 bay.

$5 boy.

.So buy.

The Romantic Story of 'the greatest Knight of the road and the staunch- est horse that ever trod the King's Highway !

DICK TURPIN

WITH

TOM MIX

A thrilling drama of the open road in the good old days!

QUEEN'S

TO-DAY

TO-MORROW

at the

INVESTMENTS.

WE SELL- 500 S'pore. Trama 100 Dairy Farms 200/500 L. Crawfords 300 Moutries 100/500 Underwriters | 100/200 Electrica 100/300 Peak Trama 10,20 Et. Fires. 30 Renities

Canton Ins 10/20 SMALL INVESTORS, 10, Dia Veak Bead! TEL 4630.

100/100 Sugars

WE BUY ****

1/20

Books

1

10.20

Unions

100/300 Corstyne.

Canton Ins. 100 C. Lights (old) ICO do. (new)

$13) com.

50

Electric

500

Malakoffe

$180 Dom.

5/10

Wharves

500

Glenealya

Ranba

$7 Bul.

500

Tis, 10 Bel,

500

100

Kedahs Malaka Pin.

1:30

L. Crawfords

Tix. S pom.. Tha 58 zel 11. 28 sel. ...siot bay.....

$15 nom.

$18 nom.

$3 nom.

Do. Amusements Canton lees Cements (combined)

Do. (old) Do. (new) China Buses

Tle. 104 buy. Uhine Lights (combined) ...317) sel Do. (old) .........$14 sel. Do. China Providents (comb.)...$30 nom.

(a) $9 Bel.

(old)

Do. Constructions. Dairy Farms Der & Wing (f.p.) Hongkong Electrics Macao Electrics....... HK. Developments A.K.

Do

(combined)

·(old) ....

is still outstanding. Although we are Do.. (now) taking steps to secure payment of this Hongkong Tramways amount as far as possible, the circum-Laus Crawfords.. stances obtaining at the present time are Mackintoshs. such as, to render this a matter of diffi. Peak Trams (old) culty.

In consequence of the foregoing, we must raise further capital, and we propose to make an issue of fresh capital to the extent of $500.000 in cumulative preferred shares, bearing interest, as geven per cent. (7%) We do not propose to offer these shares to shareholders generally because circumstances have shown that at the present time the offer would not be ac- cepted to any extent worth considering, while the circulation of it would waste. great deal of time. We have. therefore approached the largest shareholder who is disposed to take up the shares, and we think the interests of the Company, will be best served by alloting them to bim.

then The CHAIRMAN froposed the resolu- tions. Mr. RAYMOND seconded, the first, Mr. ScorT HARSTON the second, and both were carried unanimously.

HOME-MADE GOODS.

RECOMMENDATIONS TO THE JAPANESE CABINET.

Taris

Do. (new) (c-p.) Binceres United Asbestos Watsons (old)

Do (new) Wm. Powell

$8.Bel .321 buy. Siff sel

$10 nom. $51 nom.

$40 Dom. ,30 cts. buy. $40 sai. $13) nom. 38 nom.

buy.

$12) nom. 321; com.

toy.

$15

$8 nom. „AIL noiz 34 sel

320 nom.

$124 bay,

$12 buy.

..$12 sel

bay-buyers; sel-sellgre; en--sales;

nom-nomisAL

EXCHANGES.

Ayer Moleks | 50/100 Ampremania

ONLY ONE VISIT FRENCH STORE

To THE

AND

(125

You will be surprised by the Variety and Highest Quality of the New

CHRISTMAS

CONFECTIONERY.

MARRONS GLACES EXTRA VANILLES in Tins and by Weight. BONBONS CHOCOLAT LIQUEURS in Fancy Boxes, DELICIOUS ENGLISH ÇAKE.

DRAGEES-Amandes Imperiales Surfines. Bonbons Liqueur. Bonbons Nougat,

Pralines Extra. Cammels Mous, Gommes Assorties.

CHOCOLAT-Bouchees Nougat Extra. Bonbons Chocolat. Bouchees Monto- limax. Tangor Creme Menthe. Buchattes Nougat Extrs. Sarladaise. Cerises du Lys-Nougatine de Nevers Extra NOUGAT EXTRA and A great Assortment of FINE FANCY BOXES, etc., etc)

TEL 794.

9, BLACONSFIELD ÁRCABE

THE BAPE-CABINET.

TARIFF CONFERENCE.

REDUCED TO INFORMAL NEGOTIATIONS.

PROTECT YOUR VALUABLE RECORDS BE WISE BEFORE, THE FIRE.

The Safe with interior equipment to suit your particular business will gisa, you certified protection. Fitted with combination lecks and all latest

improvements.

Made in all sizes.

DODWELL & Co., Ltd.,

OFFICE EQUIPMANT DEPARTMENT, QUEEN'S BUILDING (Ground Floor).

1Opposite Ferry Wharf.

TEL. No. 1030 CENTRAL..

POWERS POSITION ON SURTAN ISSUE.

THE WORLD'S BAPEST SAFE.

BRITISH WIRELESS SERVICE.}

Ruasy, January 21st.

Paris New York

Brussels Geneva Amsterdam Milan

1991

4.861

107. 3.18 12,092

.120

Berlin

20.43

Stockholm

15.16

Copenhagen

10.59

Usio

23.80

Vienna

34.52

Prague

.1641

Helsingfors

190) .34.30

7.7/10

.46.7/16'

1/623/16 3/02

214%

1/10 .31.1/10

2.3:

Madrid Lisbon Rio

Buenos Aires Bombay Shanghai Hongkong" Yokohama Silver Spot Forward...

BRITAIN AND LOAN CONSOLIDATION.

A Chinese news agency at Peking says that in spite of the apparent dead- fock of the Custogs Conference because of the political situation, it is understood that informal negotiations between the Chinese and the foreign Delegates have continued smoothly and unofficial meet ings have been held in the Netherlands Legation every Monday

It is anticipated that formal sessions of the Conference will be resumed es soon as stable. Government is or- ganised

it

V

12

The Kokusan Shinkokai (Association for the Promotion of Home Industry) is energetically working for the patronage of home goods. Mr. Yamamoto, Secre- tary of the Association, recently called on Viscount Kato, Dr. Ichiki, Minister of the Imperial Household. Mr. Kataoka, Minister for Commerce and Industry, and other members of the Cabinet, on behalf of Mr. Sakatani, President of the Association and former. Minister of Finance, and banded them "resolutions

The following is an analysis of the passed by the Association to encourage -Research work should be started to attitudes of the various foreign delega. the use of bome goods. The resolutions fill the much-felt needs in engineering tions deal with the subject under two main heads, matters to be recommended to the Government, and phases of the ques: tion to be solved by Government and private, consumers in co-operation.

The Association recommends in the first place that an authoritative body be organised in Tokyo in order to promote the patronage of Japanese goods in the Government offices. The central organi sation is to be empowered to co-operate with the association and other bodies to see that home-made articles are used by oficials, as much as possible,

Great Britain proposed at the end of last year that (1) an increase of 5 per cent, an ordinary goods tax, (2) an in- crease of 7.5 per cent on class A Luxury tax, and (3) 17.5 per cent. on class P

China proposes the levy of 6 per cent.

1 Luxuries, and 30 per cent. en class B

and other basic industries. It is also The United States is in favour of an important to provide an organ through average rate of 12.5 per cent on all which information can be collected on goods without any distinction between foreign markets. Dumping must be pre- Luxuries and Ordinary articles, to include vented by foreign industries by modi- fying Clause 3 of Article 11. of the the balf rate in the Transit "Tax also.

France supports the United States Custom Tariff Law. Exchange banks stand in this connection. should be required to take more care in setting up credits for imports. Advances at a low rate of interest on the prin cipal industries specialising in export liner will go far towards a solution of the problem, as well as a reduction in Luxury tax.:. railway freights and charges. All this In the second place the principle should be supplemented by modifications of tax on ordinary articles by 2.5 per Japan suggests the increase of the rate should be laid down that goods consum- in, the law from the standpoint of procent. and that of luxuries by 5 per ed by Government offices be those made moting home industries and educating cent. in Japan. To work this out a committee consumers with the object of warning should be appointed among officials them against the use of imported goods whose duty, it is to study and recom- out of extravaganco, curiosity or blind on ordinary articles, 20, per cent. on class mend such goods as may be used, and worship. It would be a good idea to Luxuries. also to give consent to the use of foreign insert lessons in the school books for goods substitutes for which cannot be the elementary course, inculcating the ways in which the increased receipts With regard to the question of the obtained in the home market, No im

...... are to be devoted, Japan suggests that ported article should be used in Govern patronage of home-made goods.

The phases of the question to be a moratorium to be enforced for three inent offices without the authorisation of thecommittee: The laws regarding dealt with by Government and private years, after which all foreign loans shall the Government secountancy should be organisations in co-operation includes the be liquidated with distinction or priority strictly enforced, especially in the pur-recommendation of superior goods to the Great Britain opposes the moratorium chase of office supplies by optional con-consuming public, suggestions made to proposal of Japan and proposes that the. Modifications also should be manufacturers, with a view to improve loans for the purchase of materials for made in the laws to facilitate the pur mant in quality and production, the industries shall receive priority in the the liquidation, next the railway loans, and chase of home made goods when they are collection of information as to not more expensive then imported goods, methods followed by foreign suppliers to ordinary loans shall be treated last. In the third place, steps should be extend their markets in Japan and ar France also opposes Japan's proposal taken to encourage standardisation and rangements made by other nations for and supports the British stand in this China also appears to be simplification in output, as recommended the patronage of their own goods. Ex-connection. by the Standardisation Association and hibitions of home-made goods from time not in favour of the moratorium pro- to time and the institution of "home-posal but favours a minute classification other similar organisations..

made goods weeks are also recommend of all foreign loans, giving priority to (Continued un tezt .column.)

ed-Japan Chronicle.

the British Railway loans.

tracts.

[67

THE "LANGUAGE BARRIER " IN JAPAN. BRITISH ASSOCIATION'S EFFORTS TO SURMOUNT IT.

The following extract is made from a speech delivered at. Yokohama recently by Mr. H. W. Kent, Chairman of the Tokyo and Yokohama branch of the, British Association of Japan:

The language barrier always has been a great obstacle in the way of inter- national understanding, and it is the. further opinion of the Committee that. much could be done to bring about a better understanding between Britishers and the Japanese, if a greater number of men and women bad knowledge of the Japanese language. For this reason, the Japanese Language examinations, which have always been held semi-annually by the Association both in Yokohama and in Kobe have been extended this year to the nationals of the United States of America and all European countries, and all foreign frms concerned have been informed of this facility.

extending the benefits of the Examina

In addition to this, the Association is tions to the women as well as men, and a special vocabulary of social and house. hold words is being prepared upon which to base the ladies' examinations, in addi tion to the business man's vocabulary which has been in use for some time.

SINGAPORE RUBBER MARKET.

Messrs. Benjamin & Potts yesterday received the following Rubber Quotations from tacir Singapore Agents:

Alor Gajahs

Straits $3.00

-Ayer Moleks

Ayer Panas... Balgownies

Bassets

...Kedahs

3.00

15.00

4.80

110.

Changkat Serdangs

9.00

Glenealies, ex. div.

2.80

Jerams Jimahs

1.45

(2.30

4.00

Malaka Pindas. Malakoffs...

3.00

5.00

5.00

14.75

1.40

10.00

4.50.

30.00

18.50

70 cts.

8.50

New Serendahs Pajams Punggora Radellas.

Sandycrofts. Tapabs Teluk AnsoDE Ulu Benuts Kempas

(All middle prices.)