1926-02-26 — Page 3

Page

Tel. Central '236.,

THE HONGKONG DAILY PRESS, FRIDAY, FEBRUARY 26rx,

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

2, Queen's Buildings.

SOLE AGENTS FOR

BELL'S UNITED ASBESTOS CO. LTD..

L

MANUFACTURERS OF

Victor Metallio." "Dagger," "Quadruple' and

"Beefor" Paokings.

Bell's Asbestos Compositions. “Salamander" Engine & Cylinder Olls. “Salamanderite Jointing."

ANCHOR BRAND

PURE MANILA ROPE.

-THE CORDAGE YOU CAN TRUST,"

MARINE ROPE

TRANSMISSION

OF POWER ROPE

CABLE LAID

? HAWSERS

WELL DEILLING

CABLES

ESTABLISHED 1854

YNCHAUST

ROPE

FACTORY

MANILA

ROFES OF ALL SIZES FOR ALL PURPOSES

MADE FROM PURE MANILA HEMP

MANUFACTURED

BY THE MOST MODERN MACHINERY,

STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED.

FACTORIES-MANILA, P.I.

TELEPHONE OENTRAL 5165.

HONGKONG OFFICE:

KING'S BUILDING.

A FINE SELECTION OF HORS-D'ŒUVRE.

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

ROLMOPS

Prir

$2.78 ITALIAN ANTIPASTO........

1.30

Př

$ 45

5 Di....

2.50 TUNNY FISH EXTRA, Large Tin ...

.80

50.

Small Tin SAUCISSON de LYON OLIDA per 1. 60 BLACK OLIVES..

40

1.80

.70

ALBO

HERRINGS m White Wine Mark Bucle HERRINGS EXTRA (J. TROLEY) ...

GRUTER ROQUEFORT & CAMEMBERT CHEESE

THE FRENCH

TEL 794.

If its

STORE,

No. 9, BEACONHIELD ARCADE

Heating, Lighting or Cooking GAS IS SUPREME.

The use of Gas means that every constituent of the raw material-Coa -has been completely utilised in its manufacture before reaching the consumer,

Therefore the use of Gas ensures

Economy of Labour Elimination of Smoke and Dirt Promotion of Cleanliness & Health Reduction of Fire Risks

Full particulars of Gas Fittings for every pur- pose can be obtained at the Show Rooms of the HONGKONG

&

CHINA GAS Co., Ltd.

26, Des Voeux Road Central and West Point

A.P.B.

When buying Toilet requisites and articles for personal use, one wishes to be very sure that they are of the highest quality and of undoubted purity and freshness,

THE QUEEN'S DISPENSARY.

The new Store with the high deal, guarantees these qualities to all who make their pur chases there, and in addition a courteous and obliging

TEL CENTRAL 492.

A.P.B.

service.

THE BRITISH TRADE POSITION. HONGKONG STOCK EXCHANGE.

THE BANK INDEX.

Mr. Walter Leaf, Chairman of the Westminster Bank in the course of his annual address to the sharchaldera lust month said:

CLOSING QUOTATIONS.

FRABUARY 25TH, 1988.

..31.055 buy. ...£199 am,

231

TO-DAY

and

TO-MORROW

UEEN

SUPER

TO-DAY

and

TO-MORROW

nom.

......£19 nom.

...93 Kat

Hongkong Bank....

Do "London. Chartered Bank.. Mercantile Bank, A. & B..

Doy

$595 bar.

E

Generally speaking the deposits in the large banks have been very steady. Our P. & 0. Tank own, as shown in the balsace sheet be-East Asia Bank

Canton Insurance ..... fore you, differ arily by about 4 per cent.

China Underwritere of the total from those of twelve months North China Insurance. 145 mm.

Union Insurance ....ara. ago. On the other hand, our advances

suss buy. Yangiene Ingaranes ..............

*******s bay. to customers, the most profitable emptoy China Fire Insurance...$165 buy. ment of our funds, are about £4.5 millions Hongkong Fire insurance330 buy.

Douglas

480 sol larger, and the percentage of our de 0. & M. Steamboats...$20 nom.

Taga posits has risen to 48.3, the money for Hongkong

.$3 rel $39 RODI. the purpose having been found by the Indo-Chinas (Pref.)****

De

(Del), ...... salo of over £6,000,000 of our investments. Shall Transports This is clear evidence of increased activity Waterboats,

Star Ferries..

on the part of our customers, who have Oriental, Navigations applied for this increase, in their bank. Sugars

Mainbon Bugars ing facilities. It proves that, in spite of Hangusts.

Langkata (combined)

all the evidence we have had of depres|Kailan Mining Ad.. sion in various,most important branches of industry and commerce, there is stili

Do. (angle)

Shanghai Exploration Shanghai Loans a very large area in which trade has been Rauba both active and proñtable. Indeed, it Tronoh Afines would seem that, owing mainly to the Ural Caspians general improvement of the standard of & K. Wharfs, living among the workers, especially in H.K.&W. Docks

sheltered industries, the general Hongkew.......... spending "power of the community has Shanghai Deck.

New Engineerings.. been, materially enhanced, and our HK. Hotels ternal trade has been throughout the year

the

$50 sal.

02/6 bay.

....155 hwy., 36 m. -

318 buy

$950 nom.

$27 baj.

$39 nomi

$1 nom. 43/d bay.

Tl. 93 boy. .Tls. 12 nom.

„Tk. 5 vol.

Ta. 7 nom.

$5 bay.

55. nom.

8. дом.

Sild bay... dr. $54 nom. „Tis. 165 buy,

Tla. ? nom.

Tla. 107 sol..

..ebay.

..$634 buy 64in.

..$6 Bom.

..8191 bay.

$120

37 sel.

sal,

Tis. 9.10 bay.

Th. 3 nom.

.1'la. 34 bay.

Tis. 28 buy. 811 bur.

on a sound and profitable basis. The may Lands same cannot, of course, be said of our HR Territorials (f.p.).. Realtys (o.p.) export trade. There has been little or Humphreys Estates.. no improvement in shipping and ship- Prince's Buildings.. building, the wool trade has been through Rural Lands a severe crisis, the cotton trade has not Ewo Cotons recovered the ground it has lost, and Orientals.... the coal trade is a source of continual Shanghai Cottons (old) anxiety-though it may be noted with

Do.

(new).. satisfaction that the latest reports are Amusementa more hopeful-and-one cannot foreace Canton Ices what the position may be when the sub- sidy comes to an end in the spring. Yet in spite of all this, it is necessary to pro- test against the oatery that British trade is doomed, and to point out once more that we are holding our pre-war propor- tion of world trade our own export trade has fallen oft in rather less ratio than world trade as a whole. The most profit able direction for our energies is towards the removal of the barriers to interna tional trade which are set up or strength- ered from time to time by the exagger ated spirit of nationalism which has taken held of all the nations of the world and expresses itself in hampering in Do. (DSW) every, way the free interchange of com Hongkong Tramways modities which is the breath of life to. Lane Crawlords. international commerce.

Mackintosha.

Caments (combined)

Bo (old)

$12 nem, Do.

82, no. China Buses.

Tli. 10 buy. Uhins Lights (combined)......$1.4 buy. Do. (old)........$1 bar. Do. (new) ...Is bay.

China Providents Constractions Dairy Farms, Der & Wing (f.p.) Hongkong Electrica Macao Electrica HK. Developmenta H.K. Ropes (combined). Do. (old)

WIN

Peak Trams.(old)

Do

(New) (c.p.)

United Asbestos Watsons (old)

There are, however, I am thankful to sec, sigas of a rebellion of public opinion all over Europe, and even in the United. Statea, against this maintenance of what Tiss is to all intents and purposes a bitter ecopomić warfare. The League of Nations is proposing an Economic Conference to consider the whole situation, and the In- ternational Chamber of Commerce, whose influence is, I believe, steadily growing, is appointing a strong committee to study the whole problem. I hope that another year may.ace good progress made.

SIR FELIX SCHUSTER'S VIEWS.

Speaking at the annual meeting of the National Provincial Bank, Sast month, Sir Felix Schuster said:

Do, (new) Wm. Powells...... Telephones

$3.10 bay. .315) buy.

...$10 nom.

$56 buy.

..$40 com:

CLs. nom $37 sel.

bay.

So the

812 nom.

nom.

$17 ba

bay. $11 04.

Y nom.

$20

10m.

sel.

$13 sel. ..$12 nel

..$10 vel.

$34 bay.

buy-buyers; sel-sellers nom.-noming).

Ba.----salts:

ably greater that has been estimated before even in the official figures. This aut is highly satisfactory, but must not | tend to diminish the great effort that it Last year did not quite carry out the is evident must be made in order to in- promise of improved trade with which it crease our output. Although it is clear began. The London Clearing House that imports contribute to employment, Agures, it is true, show a large in- this is lar more the ease with regard to crease and have attained the Sgure of exports, and it is essential from every £40,437,000.000. I am glad to say our point of view that production must be own proportion in this turnover is a very increased and employment found for. large one, and testifies to the extent to those who now live on subsidies from the which the bank participates in the State. To re-establish our former ad- general trade of the country. Homeing position it is not so much a decrease

A

PHOTOPLAY WHERE

THRILLS RUN RAMPANT

"THE BRIDGE OF SIGHS"

The story, by the famed song writer, CHARLES K. HARRIS,

of a reckless son of a millionaire whom bitter experience and suffering made human

An absorbing romance enacted by CREIGHTON HALE, ALEO B. FRANCIS, RICHARD TUCKER, RALPH LEWIS,

CLIFFORD SAUM.

Directed by PHIL ROSEN The Wizard of Directors

INVESTMENTS

WE BUY

WE SELL

Rubber Shares.

Small and Large Lots of Local and Rabber / Small and Large. Lots of Sound Local and

interest to Our Cliente. HONGKONG SMALL INVESTORS SHARE & REAL ESTATE CO.

FLATS, Housta Diapoard on 03 Acquiano FoR CLIENTS. TEL. 4830

10, Des Voent Road.

[125

SOUTH CHINA KNITTING FACTORY.

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

We have recently installed the

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.

Ofice and Factory: MONGKOK, KOWLOON. TEL. K393 Cable Address: SOUCHIKNET, HONGKONG,

trade has shown signs of a considerable of imports but rather an increase of ex-from Singapore yesterday the following activity and purchasing power; perhaps parts for which we must work.

SPEECH.

it might be better to describe the latter MR. GOODENOUGH'S TONIO as will-to-purchase. It is when we look at the foreign trade that a certain feel. ing of disappointment makes itself mani

Mr. F. C. Goodenough, Chairman of fest. The total figures show a slight increase amounting to £35,000,000, but Barclay's Bank, Ltd., summed up the while imports have risen by £45,000,000, Britain in these words:

trade and financial outlook of Creat the total exports have declined by £13,000,000, and the excess of imports "Although we have been passing amounts to the unprecedented figure of through a very critical period, our "pos £395,000,000.

tion may be regarded as improving, and Not so many years ago "return like there is great hope for the future. Our this would have been received with almost policy also has been' sound, both as rig unmixed satisfaction. The excess of im-gards the return to gold and the removal porta over exports was for a long time of the restriction on external loans, and considered as a measure of our prosper- also as to the purely temporary, measures, ity, and in fact it may be taken as a which may yet have to be continued for measure of wealth provided always that considerable time, for safeguarding cer- our earning power through invisible ex-tain of our industries, until the world is porta is not decreased thereby: that is again, on a uniform standard of prices, to say, provided that we have not paid and the future economic relation of for our imports through sales of our credit to prices is more certain; but there foreign investments or similar earning must always be the danger through pro power. Exports of bullion on balancetective measures, if curried too far, of only amounted to about 28,100,000 in getting into a position of artificiality, gold and £1,500,000 in silver, & total of which would have a tendency to create a not quite £10,000,000, and it has been well misunderstanding of our national prob- observed that the gold movement has lems in the minds of the people. been far less striking than could have

We must realise that true CuGnomy been expected in the first period of gold lies in careful spending and in the judi standard resumption

VOLUME OF FOREIGN INVESTMENTS.

cious outlay of capital at home, so as to maintain eficiency and to reduce costs of production, without lowering the stan- Whether the country on the whole has dard of living, especially that of the work. disposed of a large volume of foreign ing classes. If curried to extreme, the investments during the last year, or practice of anticipating future income is whether increasing amounts of foreign dangerous. The real strength of the money have been employed here-both of countly depends upon individual saving, which factors would go to the payment and it is in that way, only that we shall of the excess of imports-it is quite im- be able to invest money abroad for the possible to determine by available statis- development of the Empire Overseas, ties. Accurate-investigation by an ordi- which is the key to our prosperity in the sary member of the public is not practie future.

Brogas

Indragiris

Jerams

·A.P.B.

[104

EXCHANGE RATES..

[BAITISH WIRELESS SERVICE..]

Recay, February 24th.

To-day's exchange rates are as follows:

Amsterdam

Berlin Copenhagen Vienne Helsingfors

2.17/39 .45.27/32

11/108 4.88.3/18

SINGAPORE RUBBER

MARKET.

Messrs. Carroll Bros, received by cable

SHARE

quotations

Allerbys

Straita

Paris...

$139.95

$3.25

12.14

. Brussels

107

Alor Gajahs

2.25

Ayer Moleks

2.86

1.20.43

18.17.

Ayer Panas

12.25

34.52

Balgownies Bassetts

3.70

183

1.40

Lisbon

1.70:

Buenos Aires

Bukit Jelotongs

1.10

Bukit Katils

Shanghai

2/0

1.25

Yokohama

Changkat Serdangs

8.00

New York

Connemaras

-2.45

Geneva

25.227

Glenealies

2.30

Milan

121

9.00

Stockholm

18.16

1.00

Oslo

22.69

2.10

104

3.75

Kempas

8.30

Ric

Kuala Sidimu

8.05

Bombay

7.11/16

1/8, 9/81

Lunas

17.50

Silver (spot and

Malaka Pindas

2.75.

Hongkong

Malakoffs

4.25

forward)

2/42

30.11/10

Mandai Tekongs

0:80

MayBelds

19:30

Ulu Benuts

0.73

New Serendahs.

4.25

Nyalan

13.00

12.50

1.30

4,00

2.76.

4.50

28.00

1.30

17.00

2.83

4.50

Jimahs

Kedahe

Pajams Punggorz Sandycrofta Scadais Sungei Bagans Tapahsy Tambalaks

Teluk Ansons United. Malaccas Utan Simpans

Price of raw rubber: 95 eta. per lb

DIVIDEND ANNOUNCEMENT, able, and even by Government departs Herbert Hambling, the deputy

The Ayer Molek Rubber Estates, Ltd., ments very difficult; but the general chairman, mentioned that during the past has declared a final dividend of 13 per opinion and experience seem to be that five years we had applied £750,000,000 in cent., making 26 per cent. for the year. there has been an increase rather than reduction of our national indebtedness, also sa interim of 13 per cent. for 1998, a decrease in the amount of foreign. and said, Surely facts like these must investments held by this country, and show that we are not decadent. We are that foreign, especially America, money not going out of business. We are not employed here has been withdrawn to a in the words of an American gradually considerable extent. If that be so, na dropping into the position of middlemen received a ble from their Shanghai I believe it to be, then the amount of We are, I am convinced, moving gradually Office announcing a final dividend of TL

⠀⠀A SHANGHAI DIVIDEND!“

Messrs. Benjamin & Potts yesterday.

Prague Madrid

34.15

THE PLATE YOU NEED

Wellington

ANTI-SCREEN

PERFECT FOR LATE SUMMER AND AUTUMN PHOTOGRAPHY,

BOLY MASUTACTURERS

our invisible exports, must be consider and steadily to the position we occupied 0.65 per share, making Tha 1.40 for the WELLINGTON & WARD,LTD

years ago.

year, on Anglo-Dutch Plantations, Ltd.)

ILSTERE, ENGLAND