1926-03-12 — Page 3

Page

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tol. Central 356,

THE

2. Queen's Bulidings.

SOLE AGENTS FOR

BELL'S UNITED ASBESTOS CO. LTD..

MANUFACTURERS OF

Vistor Matillio," "Dagger," "Quadruple ** and

"Reefer" Packings...

#

Bell's Asbestos Compositions.

“Salamander” Engine & Cylinder Olls.

“Salamanderite Jointing.”

ANCHOR BRAND PURE MANILA ROPE.

"THE CORDAGE YOU CAN TRUST."

MARINE RUPE

TRANSMISSION

OF POWER ROPE.

CABLE LAID

HAWIERS

· WELL DRILLING

CABLES

ESTABLISHED 1854

YNCHAUST

ROPE

FACTORY

MANILA

RUPES OF ALL

BIZES FOR ADL

PURPOSES

MADE FROM

PURE MANILA.

HEMP

- KANUFACTURED

BY THE MOST

• MODERN

· MACHINERY.

BTOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED.}

FACTORIES MANILA, PI.

KING'S BUILDING. TELEPHONE CENTRAL 9165.

HONGKONG" OFFICE:

If its Heating, Lighting or Cooking

GAS IS SUPREME.

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

گرام

Therefore the use of Gás 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.

28, Des Vœux Road Central and West Point.

A.P.B.

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,

E

HONGKONG" DAILY PRESS, FRIDAY, MARCH 12гa. · 1926

HONGKONG

CLOCK EXCHANGE.

QUOTATIONS

March 11ṛu, 1986, $1,040 buy. £128 .nom.

Hongkong Bank" '

Do London.... Chartered Bank...........

£21 som Mercantile Bant, A. & B......£90

Da

........£13+ bar.

дош.

$600 bay.

COMPANY MEETING. EXTRAORDINARY GENERAL MEET- ING OF "STAR" PERRY CO., LTD. An extraordinary general meeting of theStar Ferry Co., Ltd., was, heki at the offices of Messrs. Jardine, Mathe sen & Co., Ltd., at 12.30 p.m. yesterday, for the purpose of receiving a report | P. & O. Bank. of the proceedings of a previous ing held on February sand, and of firming, if thought fit, ás a special re- solution an extraordinary resolution agtase Insurance........144 buy. China Fin Insurance ..........$185 buy. passed at the above mentioned meeting. Hongkong Fire Insurance...3545 buy, &.

$50 pam. There were present:-Mr. D. G. M.

O. & M. Steamboats...234 buy. Bernard (Chairman), Hon. Sir Paul Hongkong Tags....... Chater and Hon Mr. A 0. Lang Indo-Chins (Prof.) Da (Def.), (Directors), Mr. M. H. Turner (Solicitor Shall Transports

FELTON. of the Company), Mr. F. H. Crapnell tar

Waterbostag (dating Secretary), and the following Oriental Navigations shareholders:-Messts. A. W. Smith, B. China

Bugars Sadick, J. T. Bagram, J. P. Braga, Benguet..... M. Manners, "D. C. Logan, C. E. Logan, Kaina Mining Ad........

Lang kata (combined) and C: Lee.

Do (single) Shanghai Exploration Shanghai Loans

East Asia Back meet- Cantos Inmuranos .............

China Underwriters in North China Insurance fls. 145 nom. Union Intersace *****$80 buy.

H

Halsboa

Trench Mines.

Ural Caspians HK & K. Wharfs. B.K. &W. Docks

February 2nd, reading 43 Hongtown

FE

buy,

*

$40 nom. 90/3 buy.

$15 $950

7

buy. $79 nom.

19/6 bay, The 23 bar. Tim. 11 buy.

Tls, 5 #51. „Ta. 7 nom.

$5 buy.

..55/- bay.

..8/- nom. „$181, buy, é sa.

$51) bay,, 11 M

The 165 buy.

Tla. 5 buy.

„Tis. 241 baj.

..$10 buy., 10/10.10 mm.

.....364 buy,

5 buy.

sel.

.81 buy.

$120 L

$7 nom

The CHAIRMAN said :-Gentlemen,-The business of this meeting is to confirm, it thought fit, as a special resolution, the extraordinary resolution which was pas

ed ΟΣ

follows:-

Now Engierings... "That the Regulations contained in Shanghai Dockr

HK. & S. Hotels.. the printed document submitted to the meeting and for the purpose of identi- Hongkong Lands fication subscribed by the Chairman Hongkong Realtys (ap.)......Si thereat be approved and adopted as Tartorials (f.p.). the Articles of Association of the Cou-Prince's Buildings..

Humphreys Estates.. pany in substitution for and to the Rural Lands exclusion of all the existing Articles Bwo Cottons thereof."

Orientals Shanghai Cottons (old)

Do. Amusementa Canton Ica Demente (combined).

Do. Do, Chip Buses.***** Ohin Lights (combined),

Do (old) Do. (new) China Providenta Constructions Dairy Bama

Tla. 94 bay. 1. 3 дет.

Tla 54 bay.

(new)......Tis. 28 buy,

(old) (DOW)

That resolution, as you will remember, concerned the Articles of Association of the Company which it is considered should be revised and a now set of Articles of Association, established, and at the before-mentioned meeting I briefly explained the necessity for this. I do not, therefore, consider it necessary to deal further, therewith. I now beg to propose the confirmation of this extra

Der A Wing (p.) ***** ordinary resolution as a special resoluHongkong Electrics.

tion..

The Hon. Sir PAUL CENTER seconded the resolution, which was adopted unani- mously.

The CHAIRMAN: That is all the busi ness of the meeting, Gentlemen. I thank you for your attendance.

COMPANY REPORT...

YOKOHAMA SPECIE BANK, LTD."

#

The Yokohama Specie Bank, Ltd., is in receipt of a cablegram from its Head Office to the effect that at the 92nd half. yearly meeting of the shareholders held at the Head Office of the Bank at Yokohama on the 10th fast, the report presented showed net. profit

of Y.14,803,990.81, including Y.5,568,028.43 carried over from last account. It was rasolved to pay a dividend of 12 per cont. p.a. (absorbing Y.8,000,000) for the half year ended the 31st December, 1995, to add to the reserve fund Y.3,000,000 and to carry forward Y.5,805,990.91 to the

next account..

SINGAPORE RUBBER QUOTATIONS.

TWO INTERIM DIVIDENDS:

Messrs. Carroll Bros. received a cable from Singapore yesterday advising that Rubber is now quoted at 4 cents per ib., and stating that the Alor Gajah Rubber Estate, Ltd., and Pajam Ltd., have declared a 10 per cent interim dividend. They also received the follow ing quotations by cable.

-Allenbya

Alor Gajahs Ayer Moleks Ayer, Panas Balgownica Bassetts.na Brogas

Bukit Jelotongs

-Indragiris

Jerams Jimahs Kedahser Кетрая Kuala Bidims

Straits $3.90

2.50 2,60

12.50 4.50 1.40

1.70 1.10

Bukit Katila

1.20

Changkat Serdangs

8.00

Connemaras

2.81

Glenealies

2.35

9.25

1.65

9.20

3.00

8.50

.4.00

Lunnaeus

17.30

Malaka Pindas

2.80

Malakoffs

4.25

of

Mandai Tekongs

0.85

Mayfields

13.50

New Berendahs

Nyalas..

4.25 13.00

Pajams

13,00

Panggors

1.30

Sandycrofts

4.25

Scudais

2.75

Sungei Bagans

4.00

Oce and Factory

MONGKOK, KOWLOON.TBL. K593 SOUCHIK NIT, HONGKONG."

Tapahs

28.00

· [104-

Tambalaks

United Malaccas

1.30 2.05

Utan Simpans

4.95

A.P.E

Ulu Beauts

0.80

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

$111 bay.

Venom $16$ bay. 49 bay.

$3 buy.

HL, 101 bay. $4.1 buy, lt 28. $15 bay, 154 sa..

..$21 bay, 881 buy.

11 пош

$19 bay

$10 nom.

M

$81 bay, 611/2 sa.

$40. nom

<

25 sta, nem.

..834 sol

Macao Electrics H.K. Developmenta HK. Bepes (combined),

- Do..

(ald) Da (now)...........? Hongkong Tramways ..... Lane Crawfords. Mackintoabs.

nom. $24.80 buy $11 nom.

25 LB..

$21 nom.

116 buy

Peak Trame (ald) ..............

Do. (new) (a.p.).......$7 buy. Sinceres

Taxis....*******

United Asbestos.

Watson (old) ................

Do: (LOW)....

Win. Fowalls.......... Telephones...is Singapore Tractions

ael.

дем.

LE

$10 nom.

$3, bay. $8è sol

buybuyera; -saleallers; les

میشن

EXCHANGE RATES.

[BRITISH WIRELESS SERVICE.]

Buony, March 10th To-day's exchange rates are as follow:

Paris

Brussels Amsterdam Berlin Copenhagen Vienna Helsingfors Lisbon

Buenos Aires

133.5

107

12.13

20.41

18.73

34.5

163

2

451

Shanghai

3/01

Yokohama

1/10

Forward

New York

30.7/10 4,661

Genera

25.25

Milan

Stockholm Oslo Prague

Madrid

121 12.12 27.45 164 34.47

Rio

71"

Bombay

1/01

Hongkong

9/31

Silver (spot)

UBEN CINEMA

SUPER

TO-DAY.

REGINALD DENNY

IN

"WHERE WAS I"

MORE

真

LAUGHS

THAN

он, DOCTOR"

MORE SPEED THAN

I'LL SHOW YOU THE TOWN.”

WE BUY —

Unina Insurances

P&O. Banka

Malakoffe

Steamboati

Telephone

Malakoffs

Lunas

Raube

Jerame

INVESTMENTS;;

New Cements

Electrics

Providents

barent

Malaka Piadas

WE SELL

Lane, Crawfords”

Constructions

| Developments

No Lot Too Small No Lot Too Large.

Taxis

HONGKONG SMALL INVESTORS SHARE & REAL STATE CO.

10, Des Voeux Boad.

Watsons

Ferries

Tax. 4830.

CITY HALL.

.OF

MARCH 19th, at 9 pm.

FANCY DRESS

[125

AND

MASKED

BALL.

TICKETS $10 PER COUPLE, SUPPER INCLUDED, AT ANDERSON'S AND MOUTRIE'S.

(1288

THE TRADE OUTLOOK.

AN EXTREMELY CRITICAL YEAR. The official forecast of the Federation of British Industries for trade conditions during the next three months strikes & noto of qualified optimism, with the added prophecy of an extremely critical rear. The employment charts showed substantial improvement in world trade during the first half of 1923, but the curves for Great Britain alone failed to register an improvement. This, it is contended, was due to our return to the gold standard. Industrial material prices continued to fall during the last "quarter of the year, making a total fall during 1925 of 12 per cent, but food prices rose during that three months, and the year finished at 8 per cent only. below the level at the end of 1924:

QUEEN'S THEATRE.

There was another change in the pro-. gramme at the Queen's Theatro yester day, the main attraction on the bill being of quite different appeal to the picture dealing with the Klondike rush screened on Tuesday and Wednesday.

Nevertheless, Where Was I" proved to be an irresistibly attractive picture, providing a good story which combines continual amusement and entertainment, It stars Reginald Denny, a popular screen actor and is a film well worth seeing add will be shown again at to- day's and to-morrow's performances.

-There will be a complete change of pro- ramme for Sunday, when another at- which will be tractive programme, advertised in due course, is promised.

Wholesale prices are now approximately BUTTON MANUFACTURE IN WUHU. adjusted to the exchange value of tas

sterling but retail food prices show A considerable trade, the Chinese little change over the twelve months Economic Bulletin says has recently There has been no further adjustment in developed in Wuhu in the manufacture our bome manufacturing costs to the of buttons from the shells of river mus external value of the £, à factor which sels or pearl oysters in which the rivers imposes

a limitation in the extent to and canals of Wuhu abound. The mas which British exporters can hope to sele form an important item of food to benefit from the removal of the embargo the country people, who because of their on foreign investments.

cheapness eat them in place of meat." In. | RUBBER" EXPORT RESTRICTION, Despite the optimistic forecasts which former years, the shells were generally. regarded as useless and discarded, but are being so freely made at the present since the opening of the button factories. US. OFFICIAL'S COMPLAINT. time, anys the federation, the possibilities shells have fetched fairly good market of trade expansion during the year are prices. Button manufacturing in Wuhu According to Mr. Julius Klein, the subject to well-defined economic limit is an entirely new industry, dating back director of the Washington Barcan of tions. Until prices in gold-using coun-only six years. In 1922, mussel shells Foreign and Domestic Commerce, British tries show a marked tendency to rise it were sold at only 800 cash a picul, by officials are still restricting rubber ex- is useless to look for an expansion of scavengers and rag pickers who gathered ports, despite the action of their Colonial trade sufficiently large to absorb the them from refuse heaps. At present, a Office in raising the exportable per major part of our unemployed populapicul of shells is sold at $2.20 (a dollar centage to 100 per cent. The director de- tion." During the last three years, when on the Wohin market exchanges for 2,400 clarea that to-day the producing coparity prices in America and other gold using cash), approximately nine times the of rubber in the British Colonies is countries have shown a tendency to rise former price. This phenomenal rise in 385,000 tons a year, whereas the assesse steps to check it have been taken by the the price of the raw material specks standard production to which the per central banks, and it is unlikely that eloquently for the prosperity of the button centage is applied is only 235,000 tons. a marked rise in prices will occur until manufacturing trade, According to Mr. Klein the British are there is a definite change in, inter- holding back 13 per cent of capacity national banking policy," It in thore- production, or about 13,000 tons of rub. fore probable that so far as world trade, ber, in the next three months With the though not British trade, is concerned, world's stocks of rubber reduced to the 1925 must be regarded as being above, present low level, Mr. Klein fears that rather than below the average level of the withholding of these 13,000 tons wil world trade under post-war conditions, constitute a serious price factor. Mr. That is to say a perceptible slowing Hoover, the Secretary of Commerce, has down in the 1928 rate of expansion could not yet expressed his opinion, but it is occur in 1928 without giving grounds.for So far as the outlook for the next presumed that his views coincide with pessimism. Since the position in Great few months is concerned, the deter- Britain was complicated during 1925 by mining factor will be the gold reserves of those of Mr. Klein.

our return to the gold standard, it 13 the Bank of England. Unless there is a possible that even if there were no substantial inflow of gold during the substantial increase in world trade as present quarter the recent upward trend whole during 1926, the position of cannot be maintained, in which case, Great Britain relatively to other cou unless the coal aubsidy is continued-or UNFURNISHED FLATW100%. trien might be improved by ALKED BULDINGS. KOWLOON. Four sibilities, however, though enhanced by Large Booms and Caual Quarters Fitting the removal of the embargs on foreign Alable Now Vacană until August. Apply

[3283 -Box No. 609,

(Continued at foot of next Column.)

investments, are limited by the fact that our manufacturing costs are not yet adjusted to our exchange, and, having. regard to the situation created by the coal subsidy, are not likely to be so in the immediate future.

some alternative method of stimulating the heavy trades substituted for it-we. must look forward to an extremely

critical year