1926-02-09 — Page 3

Page

THE HONGKONG DAILY PRESS, TUESDAY, FEBRUARY 9TH,

THE UNITED ÁSBESTOS ORIENTAL AGENCY, LTD.

Fol' Contral, 336

SOLE AGENTS FOR

“PUDLO "

Makes Cement Waterproof

FEUSOL"

The Immovable Fire Cament.

ANCHOR

COMPANY MEETING.- SHANGHAI LOAN & INVESTMENT CO.,LTD.

The 7th annual meeting of the Shang- hai Loan & Investment Co., Ltd., was held last week. Mr. R. S. F. McBain presided.

The CHAIRMAN said: The proft and loss account, including the balance of Th 19, 433.92 brought forward from last year, shows a credit balance of Tls. 397,497.10 and I shall propose later on that this amount be dealt with as fol-

lows:-

HONGKONG STOCK EXCHANGE.

· CLOSING QUOTATIONS,

Hongrong Bank

FERUARY 57, 1926.

Do London Chartered Bank.... Mermatilo Bank, A. Ja B..

Do

0. Bank

East Axis Bank Canton Insurance Chizs Underwriters North China Insuranos

.....$1,050 ml., 1,045 63.

137 nom,

All HOLL £99 nom. £18) nom.

Hom.

$85 pom. $600 buy.

Ps. 165 nom. $268 bay. 3s buy.

Union Insurance ........ Yangiana Insurance Chins Fire Insurance3165 bay, Hongkong Fire Insurance.....$520 m Douglass

$30 sel

H.K., O. & M. Steamboats...sa Hongkong Tugs.

50,000.00 Waterboats........

2. Queen's Buildings.

To pay a dividend of 20 per

Indo-China (Prof.)

69.

cent." To add to reserve against fluctuations of investments.... To carry forward

230,000.00

Shell Transports

Stax Farrier....

Tls. 327,427.10

BRAND

PURE MANILA ROPE.

THE CORDAGE YOU

MARINE EUFE

TRANSMISSION OF POWER ROPE

CABLE LAID

HAWBERS

WELL DRILLING

CABLES

CAN TRUST.

ESTABLISHED 1854

YNCHAUSTI

ROPE

FACTORY

MANILA

BOPES OF ALL SIZES FOR ALL PURPOSES

MADE FROM PURE MANILA

FIRME

MANUFACTURED

BY THE MOST MODERN MACHINERY.

STOCKS ON HAND OF ALL SIZES. ENQUIRIES' SOLICITED.

HONGKONG OFFICE:

FACTORIES MANILA, P.I.

KING'S BUILDING. TELEPHONE CENTRAL 3165.

ARE YOU PREPARED?

Cooking-heating for the rooms;-hot water

for the baths, etc.;-

On these three things depend all the necessities

and comforts of the home.

Those who still depend on coal-fires, with all the necessary labour, are giving hostages to fortune.

Gas abolishes all the dirt and discomfort attach- ed to coal, and all the discomfort and risks to labour.

INSTAL GAS NOW

1

AND

ENSURE YOUR

COMFORT

A.P.B.

Wo

ROOF DOME OF THE LEE THEATRE, HONGKONG.

DIAMETER-80 - FEET....

BUILT ENTIRELY OF REINFORCED CONCRETE. CONTRACTORS:-

HONGKONG ENGINEERING & CONSTRUCTION Co., Ltd. BE GEORGE'S BUILDING, CRATER BOAD, HONGKONG. FLD OFлCE TALEPHONE, CENTRAL 4681 - (Two Ls),

[114

Total

97,427.10 Oriental Navigations

In bringing, before you this account which is I think a very satisfactory one there is not much that I can say beyond what appears in the report on the

balance sheet.

1

Your directors are pleased to be able to recommend a considerably larger dis- tribution than last year. "Taking advantage of the rise in the price of rubber and the activity of the share market locally since last May we have been able to make a good many profitable sales and also investments and these account for our being able to show sich a good result.

Since the end of the year there has; as you know, been a considerable drop in the price of rubber and a consequent fall in the price of the shares in many of the rubber companies in Shanghai This, together" with the continued dis turbed state of the country and an absence of trade generally, has had an adverse effect on many of our invest ments. In our report we gave figures of the market value of our holdings at the date of closing of the accounts which now have to be revised. The in- vestments appearing in the balance sheet at cost, namely, Tls. 1,662,936.70 are now at the end of Taouncy worth approxi- mately Tis. 1,871,677.00 as against the figure of Ts. 1,370,000-which was the value at the date of the closing of the

accounts.

It is my opinion that this drop-in valnes may be attributed in part to the forthcoming heavy March Settlement. I believe at our investments are sound had that prices will probably recover later in the year.

A CHINESE COAL EXPORT ENTERPRISE.

*་་་་་

thins Sugars.... Malabon Bugars, Bangsata... Kailan Mining Ad. Langkats (combined) Da. (ingle)

Explorations.

hanghai Lo

Rants Tronoh Minos Ural Caspians HK & K. Wharfs H.K. & W. Docki

Honghew.......

New Engineerings. Shanghai Docks... Indos Def........ H&M. Hotels... Hongkong Lards Hangkang Realtys (4.p.)... H. Territorials (fip.).... Humphreys Estates........ Prince's Buildingą, „ Rural Leads Ewo Cottons Orientala Shanghai Cottons (old)

Do. Amusements....... Canton Ices Qemanta (combined)

30. ...Do.

95%. nom.

50 buy, $18

19 val. buy

$50 ROM

$40

Bal.

i+ nom.

T. 24 sel..

T. 18 ncm. Tls. 5.45 nomi, Th. 8 nom.

$5.90 sol.

„,65/- nom,

..$1204 bay. & sa.

$54 nom.

Pla: 170 bay.

1926

UEEN

QUE

SUPER

S

TO-DAY and TO-MORROW

A

IRENE RICH

IN

LOST LADY”

A STORY, VIVID AND REAL, or. A WOMAN'S FIGHT AGAINST FATE

·SNUB POLLARD COMEDY

AND

LATEST NEWS FROM HOME

INVESTMENTS.

WE BUY →→→→→

WA FELL

Small and Large Lots of Local and Rubber Small and Large Lots of Sound Local and

Shares of interest to Our Clients.

Rubber Shares. HONGKONG SMALL INVESTORS SHARE & REAL ESTATE CO.

FLATA, HOUSES DISPOSE OF OR ACQUIRED: FOR CLIENTS,

10, Des Voeux Bead.

↑

Th, 108 wal

TzL. 4630."

7) bay, 7.13/7.30 sa.

may.

($57) bay, & su

36 bay. 318+ bar. ...$120 Bai ..$7 Bal.

[125

A

FINE SELECTION "OF

HORS-D'ŒUVRE,

.Ų

Tis. 3 nom. Tix. 53 sol

Prix

(ROW),

.27 sol.

$11 nomi

$73 nom

SMOKED SALMON in Oil (LAX) BLACK RUSSIAN CAVIAR, 24 oz....

$4.75 ITALIAN ANTIPASTO

$.45

314 sol.

(old) (NOW)

13. num.

HERRINGS in White Wine Mark Bacle HERRINGS EXTRA (J.,TROLEY) ...

.50 .50

30 1.30 TUNNY FISH EXTRA, Large Tin !... 2.30

Small Tin .40 SAUCISSON de LYON OLIDA per lb. 180 80 BLACK OLIVES.

-70

ALSO

China Bused Ohina Lights (combined)

Do. (old) Do. (now). China Providents Constructions

Dairy Farms......... Der A Wing (E.p.)....... Hongkong Electrica .......... Macao Electrica

Ts, 10 bay. $14 buy, 15 sel. $10 bay, 11 sel. 18 nom.

...83 buy. ...317 sel.

310 nom. $193.

$40 nom.

4 cts. nom.

$132 now.

H.K. Developments..... H.K. Ropes (combined)........$10 sal.

Do. (old).... Do. (now) Hongkong Tramways Lar Urawfords.. Mackintoshs.

Peat Trans (old)

Do. (new) (0.Ï;). Sinceres.....

United Asbestos Watan (old)

COM. .8194 nom. .$12 sel.

..$11 sei,

$4 Bel

ROLMOPS

TEL 794

GRUTER ROQUEFORT & CAMEMBERT CHEESE.

THE FRENCH STORE,

No. 8, BEACONSFIELD ARCADE.

LADIES who dislike going to Market themselves, and are not satisfied with the Qusatily or Quality of the food obtained at present, Can Now belect their Owa Supply of

FRESH EISH, CLEANED & READY FOR COOKING, THE HONGKONG FISH STORE,

59, Des Varx BOAD CENTRAL

.121+ nom.

..$17 buy.

$7 nom.

3149] P.3.

390 nom. 3124 nom. ..$124 now.

$10 sel.

—éales;

Do. (new) Wm. Powells.

baybayers; sellors;

2.00 tomiria).

"PHILADELPHIA EXPOSITION.

promises to raise 810,000 from Kiangsu province this making the total amount 100,000. The Chinese Chambers of Cem-

THE CHINESE JUDICIARY.; INVESTIGATIONS BY FOREIGN JURISTS A DISGRACE."

The Asiatic Neien Agency at Peking.

SAYS:-

TELEPHONE 234.

A- CHINO-AUSTRIAN TREATY, EXTRATERRITORIAL RIGHTS

RENOUNCED.

Mr. Huang Yang Liang, Minister to Austria, has been instructed by a man- The united association of the various date of the Chief Executive to sign the Chinese commissions for hastening the

new Chino-Austrian treaty of commerce cancellation of extraterritorial rights by

and friendship at Vienna with the Aus trian authorities. In the new agreement, the Powers in China has petitioned the Government protesting against the ap-

Austria renounces her extraterritorial pointment of "Dr. Wong Ching Hui and

rights in China, like Russia and Germany, other high Government authorities to act

and the two contracting Powers will enjoy as co-investigators accompanying meta-

the equal reciprocal treatment in both conn kers of the foreign delegations for

tries, commercially and economically. investigation of Chinese judicial condi-

Asiatis News Agency,

tions in the provinces.

In the petition, the memorialista de and that the scope of the Extraterri toriality Commission be enlarged, so that' the question concerning the withdrawal foreigners' extraterritorial rights and unequal privileges imposed on China by former imperialistic governments can be discussed and settled at once.

CHINESE PARTICIPATION.

The Asiatic News Agency states that

Marshal Sua Chuan Fang has wired prominent Chinese merchants have or- ganized a Minsheng Industrial Company to the Tupans of Kiangsi, Anhui, with a capital of one million dollars Fokien and Chekiang asking them to One of its activities is to export the famous anthracite coal from Shansi and each raise $20,000 for defraying the ex- Honam to foreign countries. The compenses of the Chinese delegation to the pany has sent a petition to the Chiao- tungpu asking for a reduction of rates American Exposition to be held in for the transportation of coal over the Philadephia this autuma. Marshal Sun Government railways to Tientain and Shanghai for export. As this is the first attempt of the Chinese merchanta to export coal directly abroad without the help of foreign companies, the authori ties, says the News Agency, are remerce at Shanghai, Nanking and other ported favourably inclined towards the big cities of the lower Yangtze have been proposal.

instructed by Marshal Sun to select the

The memorialists regard the investiga best native products for exhibition in tion of the Chinese judiciary by foreigners the United States with a view to pro-as a disgrace to the Republic of China Messrs. Polishwalla & Kotewall, cottonmoting Sino-American commerce. Gen- and arge that in the international com- and yarn brokers, in their circular dated eral Sun says that in order to create mission on extraterritoriality, & Chinese February 8th state:-"

favourable impression of Chinese must be nominated Chairman as long as There is no change to report in the product abroad, the merchants should the sessions are held in Chinese territory. condition of our yarn market, which, select only the best articles for exhibi- bas remained utterly featureless and the office in charge of the Philadephia since our last report, some weeks back, tion. Goods for Exhibition must reach stagnant. Demand from the interior has fair during the month of March this gradually dwindled to a varishing point. year,-Asiatic News Agency. The few sales coming under our obser vation in the interval tow under notice, have been more or less of a hand to mouth business, consisting of a low bales here and there for immediate require-Senator Borah has hinted a restriction

HONGKONG YARN MARKET.

iments.

..

·COTTON AND RUBBER.

America remarks a commentator in n London paper, had a fine opportunity of helping herself to cheap rubber dur-

We fear that the immediate future of the American cotton output as a coun- holds no prospect of any improvement terblast to the high price of rubber, so long as the country districts remain caused by the limitation of output ar in the disturbed state that they have been ranged by the British Colonies and the in for the last twelve months Indeed Colonial Office." aigns are not wanting that the greater part of China is visibly drifting towards a chaotic condition, each province Lad even cities being a law unto themselves, rendering trade prospects gloomy in the extreme Total sales are hardly 1,000 bales all told. Unsold stock 5,000 bales. Bargains in Chineze hands 3,500 bales. Reports from the Shanghai market in dicate a moderate businees at declining rates

A few forward sales of Japanese yarn have been effectel also at reduced prices,

WEATHER REPORTED DE

The Royal Observatory issued the fol lowing report at 5.58 p.m. yesterday The anti-cyclone is situated in the Pacific to the East of Japan and bontinues to weaken. A moderate monsoon will pre- vail along the Bouth-East coast and over the Northern China Sea,

Local forecast: N.E. winds; moderate, cloudy; some drizzle or mist.

It is reported in Chinese official circles of the scope and power of the Extraterri that China's request for the enlargement toriality Commission will be sent out to the foreign governments in the course of a few days; but fear is expressed that the present political instability in this country may be seized upon by the Powers as an excuse for the rejection of China's suggestions.

11

WOODROW WILSON

FOUNDATION.

NO AWARD FOR 1925.

Mr. Norman Davis, the president of ing the glut, and she seized it. Great the Woodrow Wilson Foundation, has an- Britain did not mwake the same use of nounced that the trustees had decided not her chance when the Great War had been to make any award for 1925 owing to a going for two months or so, and cotton difference of opinion as to whom and was so cheap that postal envelopes bore where the award should be made... In February, 1924, the Foundation, the legend: Buy a bale of cotton and

which holds $300,000 (£180,000), announ save a Southern farrier from rain!?! Some cotton actually changed bands at ced that it would annually award 825,000 three cents per pound, and a timely pur£5,000) to the person rendering the most chase on a large scale might have sub- unselfish public service of an enduring staatiany, shortened the duration of the nature. The first award was made a year ago to Lord Cecil of Chefwood for his During the American Civil War of work on behalf of peace. 1862-1668 the top price in Liverpool for Mr. Davis admitted that Sit. Austen cotton was thirty pence per pound. Chamberlain, M. Briand, and Herr Rebollections of & Rebel Reefer talks Stresemann had been suggested, among of blockade runners going out faden others for the 1925 award, but denied with cotton worth a dollar a pound, and any knowledge of local reports that the the octogenarian author of that book, award had not been made because Herr Colonel James Morris Morgan, of Stresemann had refused to accept any Washington, declares that he saw cotton award on the ground that "President sold for 89.30. gold, per pound! Liver- Wilson, by not insisting that the Four- pool was by then finding new sources of teen. Points, be carried out, had literally

betrayed the German people:" supply.

war.

THE LAST POSTILLION. DISAPPEARANCE OF GERMAN TRADITIONAL FIGURE.

With the New Year one of the "very last memories of romantic Germany vanished, from Berlin. The last bright yellow horse-driven coach with driver and outrider, complete with horn, has been taken from the road, and motor-coaches

place. The German postillion, says a Berlin correspondent, runs through fifty applied for parcel post supplied in its

years of poetry and song. outstanding figures of national life. Naturally more important as well as more beloved in country districts the yellow coach, with dashing steeds and wild horn- blower, is a favourite figure in the land- scape painting, hanging on every parlour wall

one of the

For some time past one has noticed with a pang that the votive paintings Lavi Catholic pilgrimage churches comme-. morating some dreadful accident show more electric trams in a medley of broken legs and commiserating saints than bias been post-coaches, whose day gradually declining for some years past' Yet all over Germany regrets are heard:. what Berlin does to-day, other towns will do to-morrow. Writers on the use of. horna on the road recall that in the middle ages the privilege of announcing arrival in this more or less regal way was held in Germany" by the cattle- dealers, who were also the butchers of that day."

ON SALE.

of the MEETINGS of HONGKONG HANBARD REPORTS

COUNCIL for LEGISLATIVE Beason 1924.

Revised by Members

PRICE

$5

DAILY PRESS Orncë.

the the