Page
Foamite Firefoam
THE MOST EFFECTIVE FIRE EXTINGUISHER.
SOLE AGENTS FOR HONGKONG AND SOUTH CHINA:
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel. Central 236.
ANCHOR
THE HONGKONG DAILY PRESS, MONDAY
2, Queen's Buildings,
BRAND
PURE MANILA ROPE.
"THE CORDAGE YOU CAN TRUST."
MARINE RUPE
TRANSMISSION OF POWER ROPE
CABLE LAID
BAWSERS
WELL DRILLING
CABLES
ESTABLISHED 1854
YNCHAUST
ROPE
FACTORY
MANILA.
RUPES OF ALL SIZES FOR ALL PURPOSES
MADE FROM
PURE MANILA
HELP
MANUFACTURED
BY THE MOST
MODERN MACHINERY..
STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED.)
HONGKONG" OFFICE:
FACTORIES-MANILA, PI
KING'S BUILDING. TELEPHONE CENTRAL 3165.
THE WARM WEATHER IS HERE.
GAS FOR COOKING AND BATHS.
SAVES TROUBLE, SAVES TIME. SAVES DIRT.
All the latest Gas appliances can be inspected at the Hongkong and China Gas Co.'s showrooms, 26, Des Vœux Road Central and West Point.
A.P.B.
SOUTH CHINA KNITTING FACTORY. THE MOST MODERN KNITTING FACTORY IN HONGKONG.
Exporters of Highgrade Cotton Socks are invited to Send for particolars before dealing elsewhere.
OPTICE, AND 'Cable AdoreSS:
FACTORY
MONGKOK, KOWLOON K.693 SOUCHIKNTT, HONGKONG.
"A P.B.
N. Y. K.
We hereby beg to announce that we will now operate the Far East San Francisco and the Far East South America West Coast Mail services on the same schedule and with the same steamships as hitherto used by the TOYO KISEN KAISHA and will book passengers and cargo on and after the 15th MARCH at the same tariffs as employed by the TOYO KISEN KAISHA.
We take this opportunity to solicit the further patronage of the general public.
3300]
NIPPON YUSEN KAISHA.
COMPANY MEETING.
SHANGHAI COTTON SPINNING &
-WEAVING CO.
MARCH 15TH,
1926
HONGKONG STOCK EXCHANGE,
CLOSING QUOTATIONS. ..
SUBSTANTIAL LOSSES DUE TO Hongkong Bank
MAY 30TH.
GOOD BUSINESS CERTAIN IF FIGHTING ENDS.
Mr.-H. Arnhold speaking at the ninth annual general meeting of the Shanghai Cotton Spinning & Weaving Co., Ltd.
last week, said :—
London..
MARCH 18TH, 1928, .......$1,065 bay.
Do.. Chartered Bank Marcantils Bank, A. & B..................£30 buy.
Dos
0. Bank
...₤125 nom.
esit nam. O......£13) bay.
East Anis Bank....... Canton Insurance
Underwriters ger North China Insurance.
China
Union Insurance Yangtase Lasturance..... China Firs Insurance
Dong Fire Insuranos d
Tags .... Hongkong Indo-China (Pre)
Do. (Def.).....
Chins Sugar
$79
10 buy.
buy.
The 145 nom.
1985 buy.
Sibi bay,
$165 buy. $380 bay.
30 nom.
So nam
$40 BOM. ..90/3 bay.
под
$15 DOT
$450 nom.
*28 bay.
nom..
During the first five months of the year, the mill worked at a small proft, but the difficulties experienced subsequent, C. & M. Steamboats... buy, 21 to May 30th have unfortunately converted this into a substantial loss. The local, conditions which compelled us to close Shall Transporta......
Star Ferries the mill from the June 3rd to October Waterboa lat, are well-known to you and I need Oriental Navigations not take up your time in describing them. Malabon' Sugars.
Banget.......... During this period of inactivity, our Kar Ming Ad... overhead charges and the wages of those Langkats (combined) of our foremen who remained loyal to the company continued. These charges, and the amounts which we had to pay out on the termination of the strike, were
ES. & K. Wharfa. incurred without any return to the com-HE. W. Docks, pany in the shape of production, and ex- ceeded the large amount of Tls. 50,000.
H
Shanghai Loans Trench Mines Urai Caspian
Hongkows
New Engineerings.. Shanghai Docki HK.& 8. Hotels
42/6
The 23 bay, 244 s.
„Tis, 11 bar.
TE. 5
al
Ta. 7 nom. ..$5 bay. ..65/-buy-
"OH -/8"
131 bay. $62 buy. Tis. 170 bay.
Tis, 3 bay.
+
T. 28 buy. $10 nom. Bongkong Landa
********....................1641 bey., 35 xa Hongkong Realtys (6.p.)..............)
bay. H. Territoriale (Lp.)........154. nel. Humphryya Estates...........$14 bay. Prince's Building 120 BEL Bural Lands
Cottons Orientals Shanghai Cottons (old)
Do. Amusements ........ Canton Ices Comenta (combined).
Do. (old).
+
Do.
(now)..
$7nom.
il. 9.65 buy. Tis. S now. Tis, 54 buy.
25 bay.
$11 bay. 7 now.
.......$10 nom.
China Buses........ Ohina Inights (combined)...... Do (old)
(now) Providents Uhins Construction ......... Dairy Fa
L'OBS ON COTTON PURCHASES... To this must be added the loss on our purchases of cotton at the time of the outbreak of the strike and boycott. In view of the difficulty of obtaining cotton of good quality towards the end of the scason, it ́is customary to cover our re- quirements early in the year up to the advent of the new crop. This policy was pursued during the past year, with the result that we had covered the greater part of our requirements up to Septem- ber at an average price of over Tls. 41 a picul, which compared favourably with the prices then ruling, and 'which would have left us a profit had the boycott not prevented us from selling our stock and
Macão Electrion from operating the mill. When the mill.K. levalopments was able to recommence work fou: Bopes (combined) months later, the new crop had come on to the market, and we would have been able to cover our requirements at prices not exceeding Tis. 36. We therefore had | to write down our stocks accordingly, and we propose applying the cotton equalization fund to meet these differ ences. You will therefore realize that the strike has cost us directly and in- directly, approximately Tis. 180,000 or more than the whole of the adverse balance on prefit and loss account.
ASSISTANCE FROM CHINESE CHAMBER. Our thanks are due to the Chinese General Chamber of Commerce for the assistance given us in negotiating a set- tlement of the strike in September last. The strike itself was engineered by put side influences. Our raill hands were in no way dicsontented but they were forced out by a campaign of intimida. tion on the part of agitators. During this period of inactivity they suffered. considerable hardships and were glad eventually to reaume work The terms
Der A Wing (LP) Hongkong Electrica
Do
:
fold
..$13
$3 ba
bay
TL. 104 buy..
$21 buy., 214 sa.
$16 suyu 16t inaj
$12 sei., 12 sa
...38 1.
33 nom.
$10 nom
..$10 nom.
.859 x. dir, bay, 10 sa.
$40 KOM
..25 cta. nom.
450 sel
..38% nom.
31 boy.
$23:10.
$10
buy, nam
(new) (c.p.).
311 sei.
bay. ..$? buy.
(now). Hongkong
Telephone.... Hongkong Tramways Lane Crawfords... Mackintosha... Peak Trams (old)
Sinceres Taxis United Asbestos ..... Watsons (öld) ....
Do
Do. (now)..naoto Wm. Forell
buy-buyers
......20 moh... ...Ali sei.
..$10 nom.:
nom,nominal.
COMPANY REPORT. SHANGHAI LAND INVESTMENT
CO., LTD.
DIRECTORS REPORT FOR FAST YEAR.
The report of the directors of the of settlement provided for an increase Shanghai Land Investment Co., Ltd., of wages of 10 per cent., which increase shows that Profit and Loss Account has caine into force on January 1st. Since the been credited with Tls. 104,739.00 profit resumption of work there have been on sales of land and shows a credit periodical symptoms of garest caused by balance of Tls. 691,719.42 which the professional agitators, but nothing of directors recommend for appropriation as a serious nature has occurred, and we follows:-
Tis. are gradually weeding out all undesir able elements.
IP ONLY STRIFE WOULD CEASE.
It is impossible to be optimistic under the conditions which at present prevail all over China. With Civil War, robbery and brigandage prevailing almost every- where, with the military in occupation of the railways, preventing the move- ment of cargo, it is not surprising that the demand for yarn is poor, and that people live from hand to mouth, with the result that stocks in Shanghai are accumulating. On the other hand, stocks up-country are said to be small, and given peaceful conditions, so that farmers can transport and dispose of the produce of the soil, steady demand for yarn and cloth would make itself) felt.
The price of yarn to-day is lower than it has been for three years. If the Tariff Conference now sitting in Peking should be brought to a successful issue, the pre- sent adverse conditions would make way for a period of prosperity, for the textile industry, but failing this, the outlook is anything bat encouraging.
Turning to the acounts, your Direc tors recommend writing off the debit balance of Tis. 164,959.47 in the follow ing manner :-
To pay a Anal dividend of 3 per cent. on (117,000 shares)
སཱ་
...351,000,00
To pay a bonus of 4 per cent. (Tla, 2 per share on 117,000 shares).....
To carry forward to new ac
count
..
234,000.00
95,719.42
Tls. 681,718.42
UEEN'
SUPER 71
TO-DAY ONLY.
TOM MIX
IN
RIDERS OF THE PURPLE SAGE
L
FROM
ZANE
GREY'S
GREATEST STORY.
HAROLD AUSTIN
IN
A CLOUDY ROMANCE.
LATEST TOPICAL NEWS.
THE STAR-
TO-DAY
CECIL RALEIGH'S STARTLING MELODRAMA. "THE FATAL HOUR" ALL STAR CAST.
WE BUY
Union Insurances /
Malakofla Steamboats
New Cements
Electrica
Providents
Wharves
THE WORLD
TO-DAY
AT 515 AND 9.15 ONLY.
MILDRED HARRIS
THE
W
FOG"
Lunas
INVESTMENTS
| P. & O. Banks
Melaka Pindsa
WE SELL:
Laas, Crawford'
Telephones
Constructions
1 Developments
No Lot Too Small No Lot Too Large.
Tazis Malakoffs
HONGKONG SMALL INVESTORS SHARE & REAL STATE CO.
[125
Watsons
Fories
TEL. 4830.
NEW
10, Des Voeur Boad.
Rub
Jerkma
PIANOS
FOR
HIRE.
S. MOUTRIE & CO., LTD.
CHATER
ABOUT THE MASKED, BALL.
A REPLY TO SOME CRITICISMS."
ROAD.
TRAVELLERS' VISAS.
A NECESSITY IN CHINA.
The idea of this Masked Ball has been Tho necessity for travellers entering long enough before the Public now for China by any overland route, or by any the promoters to gather a good idea of port, other than a treaty port, possessing general feeling on the matter.
visas to their passports is emphasised in First of all it may be said that the the current issue of the Government differing and varied criticisms give aGazette, which contains the following. very interesting insight into the complex notice: psychology of Hongkong. There do not seem to be, so much, various shades of opinion in the different questions in volved, as fatly opposing opinions.
A COMPROMISE.
"Travellers entering China by any over. land route or by any port, other than a treaty port, are required by Chinese re gulations to hold passports which have been viséd by a Chinese Diplomatic or Consular officer, and it is understood that these regulations will be strictly applied in the future.
One school of critics say that $10 per double ticket is too high, and another
Cases have occurred recently in which The paid-up capital of the company that it is too low. It is impossible to has been increased to Tis. 5,550,000.00 by please both schools, but a compromise British travellers have arrived at Man- the creation of 39,000 additional ordinary has been made which it is hoped, will chouli, the frontier station on the Trans
dispose of some objections on both sides. Siberian Railway, without Chinese visas.. shares of Tis. 50.00 each.
ofcetatos is Tls. It has now been decided to include the British subjects applying for passport The book cost 19,713,378.05 an increase of Tis. 921,385.55 Supper with the ticket, without any extra facilities for Chine, should declare their
charge.
intention of proceeding by an overland over 1924.
loans amount to Tis The original reason for the extra route, and obtain a Chinese visa before compared with Ts. charge was that it was doubtful whether departure. Should they fail to do so they sufficient support, would be forthcoming are liable to encourter serious difficulties. to cover all expenses and the promoters.
Travellers who proceed to China vi did not relish the prospect of Eaving to Siberia and Kwantung leased territory put their hands too deeply in their (Dairen) must also obtain a Japanese pockets to make up the deficiency, Now transit visa or, if staying in Dairen ers that there is every prospect of the exroute, and ordinary Japanese viaa. penses being covered by the sale of tickets, the extra charge for the supper will be abolished.
"Mortgage 1.295.080.71 933.786.19 for 1924.
AS
EXCHANGE RATES. (BRITISH WIRELESS SERVICE)
Rucuy, March 12th. -To-day's exchange rates are as follow:
Paris Brussels Amsterdam, Berlin Copenhagen
132.20
107.05
12.13
20.49. 18.52 31.50
Helsingfors Lisbon
193
21
Buenos Ares Shanghai Yokohama
441
31
1/101 4.86.1/18
25.25
121
.18.12
-'99.38. 104
34.48
71
1701: 2/31
30.5/10
30.7/18
New York Geneva
The transfer of Tis. 100,000.00 to the cotton equalization fund, and Tle 84,952.47 to general reserve fund. The total reserves of the Company will-Vienna then stand at Ts. 1,163,138.69, in addi tion to the depreciation reserve.fund of Tls. 1,000,000. Considering that the up- keep of machinery is written off the work ing account every year, and that the replacement cost of most of the ma- chinery is higher to-day than at the time at which it was purchased, this de preciation rezerve must be considered extremely conservative. Assuming, how. ever, that the Company's nasets have de- preciated to that extent, the assets still. amount to approximately Tla. 3.40 per share. It is to be hoped that conditions "before long, will improve sufficiently to enable the Company once more to carn profits and distribute dividends.
Milan
Stockholm
Oslo Prague Madrid
Rio
Bombay
Hongkong Silver (spot) Silver (forward)
Another complaint that has been heard jeet of this Ball is to provide those fond founded on what, it is impossible to of Dancing with the opportunity, of doing say was that prices of refreshments so, under the best possible conditions. would be exorbitant. So far from this That is being so, it is obviously open to being the case, it will be found that all and everyone to make their arrange- prices have been fixed at a level not pre- ments to suit their own ideas. Those who like to make up their own parties and viously seen at a public ball.
Now for another objection that is come in conventional attire, can get as equally founded on a false assumption.much enjoyment out of the excellent music, which is the chief feature of the Ball, as those who choose to appear, a The whole idea of the Masked Ball is deux, Masked.
MASKING NOT COMPULSORY.
that those who find an added enjoy.
Chacun a son pout is the maxim to
ment "in Dancing from donning a Fancy follow. Dress and wearing a mask, should be It is strange that so little interest has given the opportunity of doing so. It been shown by purchasers of tickets in is intended for the purpose of helping the competition for selecting the favou- rite dance music. If a considerably to dispel the stiffness so prevaleat at dances in Hongkong,
larger number of coupons are not sent. It is however, not intended that maak-in during the next day or so, it will be ing should be a necessary condition of necessary to cancel the competition and obtaining entry to the Ball. It can not be to draw up a programme of dances which emphasized too often that the only ob the two bands consider are the most
(Continued on next Column.) popular-Contributed.
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