1926-04-22 — Page 3

Page

THE HONGKONG DAILY PRESS, THURSDAY

APRIL AND

1926

BRITAIN AND WORLD'S WAR HONGKONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

SPECIFY

S. K. F.

BALL BEARINGS

OS ALL MACHINES TOU ORDER.

We can supply Bearings for all kinds of Machines,

POWER SAVING. NO HOT BEARINGS.

SELP ALIGNING. REQUIRE LESS ATTENTION,

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel. Central 286

SOLE AGENTS FOR HONGKONG.

'Address: 2, Queen's Buildings.

ANCHOR BRAND

PURE MANILA ROPE.

THE CORDAGE YOU CAN TRUST."

MARINE ROPE

TRANSMISSION

OF FOWER ROPE

CABLE LAID

HAWSERS

WELL DRILLING

CABLES

ESTABLISHED 1854.

RUPES OF ALL SIZES FOR ALL

"PURPOSES

YNCHAUST

ROPE

FACTORY

MANILA

MADE FROM PURE MANTLA

HEMP.

MANUFACTURED

BY THE MOST MODERN KAOHINERY.

STOCKS ON HAND OF ALL SIZES, ENQUIRIES SOLICITED

FACTORIES MANILA, PI

KING'S BUILDING. TELEPHONE CZEKAL $165.

A.F.B.

HONGKONG OFFICE:

DARELLE

BEAUTY

SHOPPE.

PERMANENT WAVING

that is

PERMANENT.

A SPECIAL OFFER

OPTICAL

OF

INSTRUMENTS.

[A.P.R.]

"HEN ordering through the post readers may rest assured of receiving that service

Wwwhich has brought Lease AITCHISON & Co., ie the front rank of specialised

mail order houses.

Every article is guaranteed to be optically perfect, and if dissatisfied govis will be axchanged, or money refunded in fail if instruments are returned within 7 days of" receipt.

THE "IMPERIAL" PRISM BINOCULARS, These glasses are the best for general pur. poses, such as race meetings, touring, "ato. They are compact, light in weight, easy to handle and have a brilliancy of illumination and wide field of view which is unsurpassed.

SPECIFICATION:

Central screw focussing, independent adjust- sble eyepinas, and jointed and scalod centre bar. Bent cut complete in best brown solid leather aling case, with lanyard. Postage, packing, and insurance free.

MAGNIFICATION XS | MAGNIFICATION XS

OBJECT GLAR 27MM. OBOT-02151 Phix.. £3. 2. 8.

£3. 7. 6. TELESCOPES.

· GOVERNMENT 3-DRAW

There are the Standard

army signalling telescopes

as asel by artillery officers daring the war,

and

Ideal for touring and general purposes. We have purchased a larger number from the Surplus War Stores and offer them at the remarkably,

price given below.

Low

...

SPACIFICATION: Object Glas Tine diam., two eyepieces giving magnifications X20

and X80 respectively. Length: closed 11 inis, open 30 ins. Covered in brown leather and fitted with caps and eling.

Paid rost free. £2. 17, 6. Guaranteed in new condition.

POCKET ANEROID BAROMETERS. These little instruments are extremely useful for tourists. They are equally valuable for registering heights, or for use se household barometers. Watch pocket size 13 in. diem. either git or oxydised, with evolving altitude scale measuring to 8,000 or 10,00%.

Price, post free in leather case: 30 Particulars of other Aneroids for measuring heights on application.

AITCHISON

AND COMPANY.

WANTED

CONSULTING OPHTHALMIC OPTICIANS

428, STRAND, LONDON W.0.2, ENGLAND.

Branches throughout London and the Provincas,

Send for full illustrated

lists of Binoculars, Teles- copes and Burplus War Blores

mail.

HK 16, post, free by return of

Opticians by appointment

to H.M. Bri.ish Government:

Established 1880,

DEBTS

MR. CHURCHILLON OUR

STUPENDOUS TASK:"

Hongkong Bank...

Chartered Bank:

London.

Ategist, 1918, $1,095 buy.. 1,100/5 #

£125 mo

MR. SNOWDEN RESENTS ALL DEBT Mercantile Bank, A. & B..

SETTLEMENTS.

Da, &O. Bank East Asia Bank, Canton InatumECO

New and singular aspects of the world's war debt problem were presented in the course of last night's debats in the House of Commons. In the main this was due to the characteristically diverse angles from which the position was re- viewed by the Chancellor of the Exche quer and his immediate predecessor, Mr. Snowden, neither of whom found any Shall

„£90) bay.

218) bay.

su bay

ŠILNU DURAT Ebe, 145 kom.

994/6-sa $19 not.

170 $560 bay.

Ohlas Underwriter... North Uhina Lsurance Union LazurEDDA: JIL Yangtze Insurance... China Fire Intuos Hongkong Fire Insurance : $560 Douglasce HK, O. & M. Steambosta .....$257 Hongkong Tugs

338 nom. Ludo-Chinas (Fred) west

Da

Ystarbus.......

difficulty in expressing himself in the Star Ber plainest terms. The latter astonished Oriental Navigations many of his hearers by the vehemence of China Sagars.

Malabon Nagara sede hia denunciation of French financial Benguets..... policy one of the most discreditable Kailan Mining All...

Laugais (combined) in the history of national finance."

(angle)

explorations....

Wharts.

Lands

Sut nom.

i nom.

$50 now.

928

120 bay, 274 20. File nam

KL. 2247 buy. Tis. 12 bay. Tix of bay. 7. LOLL

5d+

..85%. nom. 8/-nom. $128 bay: $60 sol. Tia, 185 buy,

5.80 bay.

Tis 1:8 ba 39.70 buy.

$65. sal

$6 buy..

..8131 bay, 154 12.

$100 nom

ברכט

100 bay

[new

The :15 bar.. T. 3 buy, Fla. 27

buy.

$11 nom

..$7+ nom

..$15 buy.

Stom

'Mr. Suowden was bitterly and im Loans

Banba partially resentful of all the debt settle Tranch Mines ments. Having at the outset elicited Urad Caspians from Mr. Churchill the information, that

H.K. & W. Docks he had last week received Italy's first Hongkon £2,000,000, instalment, be counselled the Shanghai cage.

I right hon. gentleman to have the draft H... Hotels.

Hongkong Framed for his bed-room as a memento of Hongkong Realtys (ap).. д great achievement. We were owed Territorials (L.p.)...

Humphreys Estates £2,100,000,000, and if our claims had been Prince's Huildings. funded on the same terms as our Ameri-Kamal Lands Ewa Cattous enn debt we ought to be receiving Orientals, £81,000,000 annually from Continental Shanghai Cottona (old)

Do. debtors. But the Balfour. Note limited Amusements the amount to £39,000,000. France had Canton Ices

Dementa (combined}}. (old) made no attempt to discharge her obliga:

Do. (DOW) tions. Mr. Snowden alluded withering Thina Buses

12. 104 bay. ly to some of her reparation claims, China Lights (combined)......920 bay. Do. (old)...... $15 bay. items like 2,275 for peasants cottages,

Do.

$11 buy. £1,170 for their furniture, and he quoted China Providents .........

...buy. ConstructionB American banking authorities for some Dairy Farms. highly unfavourable comparisons between Der A Wing (4.p.).****

Hongkong Nectrics the burdens of this country and France. Macio Electrics Enjoying during

anparalleled H.K our trade depression unparalleled prosperity, France could well-afford to pay her debt in full. If she taxed her people as she ought, we should not have to pay any thing like the same taxes in this coun try. By allowing France and Italy not: to pay their debts we were paying sub- aidies out of the pockets of the British taxpayer against British goods:

BURDEN IN

Developmenta....... H.K. Ropes (combined) Do. (ad) Uv (DOW) Hongkong Tramways Laze Crawfords...

Mackintoshs...........

Do

(10).

Peak Trams (old)...... Sinceres TAXIN

United Asbestos Watsons (id)

Wi Farells... Singapes Tractions

10 поть.

54) ROM V 1:23 eta, nom.

$30 BEL

$10 Bel.

55 sal

$24.20 buy. 8101 sel.

DOIL $17, bay. $7.00.bay. ...all now

SHU nom.

$12 buy.

LU BOUL.

58.10.

baybayers; sel-sellers -

nom-nominal ne

been possible to obtain paper agree menta, but would they have been of great value? he asked. As for Russia, perhaps the-iast word had not been said.

UBER

TO-DAY THE SATURDAY.

At 2.30, 5.15, 7.15 & 9.15

THE CREAM OF SCREAMS.

·REGINALD

DENWY

IN THE RICTURIZATION OF

GEORGE BROADI>UTSTS GREAT. BROADWAY, STAGE SÚCCESS

Wappen

Happened

to Jones

A William A. Seiter Production With MARIAN NIXON, ONS HARLAN,

NINA ROMANO, MARGARET QUIMBY

and EMILY FITZROY.

THE STAR

TO-DAYA 5.30 & 9,15

MADGE BELLAMY

IN

"LORNA DOONE:"

THE WORLD

TO-DAY AT 5.16 & 9.15

HOOT GIBSON

"THE ARIZONA SWEEPSTAKES."

THE SOCIETY OF ST. GEORGE.

REMINDER.

All Members are requested to

at the Cenotaph at 9.30 TO-MORROW, ST. GEORGE'S

TAGLISH

resent

DAY.

Members, their friends, and the public, are reminded that the

CONCERT OF

MUSIC. Under the Patronage of HE. Sir Cecil and Lally Clementi,

at 9.15

100/1000 Providente

commences

p.m.

INVESTMENTS.

WE BUY

500 Watsons

100 Electrica 500 Hotels

1000 Glenealy"

and other Lavestment Shares.

1000 Ewos +

WE SELL --

2300 Bleaniboats

600 New Engineeri

No Lot Too Small No Let Too Large.

[3442

|,100/500 Jamsa

100/300 Underwriters 200 Lana Drawfords 100/500 Amtisements 100/50 Constructions

HONGKONG SMALL INVESTORS SHARE & REAL ESTATE CO.

TXL 4630,

ANTI-OPIUM ASSOCIATION

FIGURES.

10, Des Voeur Boad,

EXCHANGE RATES.

(BRITISH WIRELESS SERVICE.]

£125

INCOME-TAX. As for America, who had dunned." 'loaned za for payment, the money through us to the Allies might almost have been regarded in the light of a gift, as compensation for her late entry into the war. Taking the French and Italian

MONEY GOING TO AMERICA. debts together, Mr. Snowden computed

For the rest, Mr. Churchill was con that we should have to find an additional sum of £2,500,000,000 in sixty-two years vinced of France's earnest desire for an honourable settlement. He quoted the an equivalent to sa 11d income-tax With 24,000,000 a year coming from new French Finance Minister's accept- Italy, £19,000,000 from France, and ance of the August settlement as a basis for renewed negotiations, and discussed $10,000,000 from Germany, we should re-the two or three points outstanding from ceive: £96,000,000 and pay to America

the Caillaux conversations. He did not £38,000,000, leaving/us £12,000,000 to the underestimate the difficulty raised by the | bad.

French contention that payment should Reminded from the other side of the be contingent upon Reparations, but the House of the case of Russia, Mr. Snow- figure of £12,500,000 remained unimpair. den delivered himself with much dignity.ed as a fundamental of the arrangement. Mr. Churchill's reading of the general When the time came for serious negotia debt statement differed materially from tions with Russia he intended to advocate that given by his predecessor in office. He calculated upon receiving £12,500,000 justice for this country before magnani-

from France, £4,000,000 from Italy, mity to another. The effect of this de 2,000,000 from the minor Powera, and claration must have been pleasant to a £15,000,000 (three-fourths of the maximum reparations) from Germany-£33,500,000 degree for Mr. Snowden, since most of in all. We were paying £33,000,000 to the beaming faces in the House faced him America, and within a few years we on the Unionist benches. The Labour ex should be paying £38,000,000. That-left a gap which Russia"some day" might Chancellor closed" with a warm culogy be able to fill. He did not think, there of Great Britain's efforts to look the fore, that we were so far from achieving

The International Anti-Opium Asso. the principles and objects of the Balfour world in the face. She had made un-

ciation in Peking has issued the follow Nota paralleled sacrifices to maintain the Perhaps the most striking passage of ing statement

The Laterdational Asti-Opium Asso the Chancellor's speech was the final one. fabric of her financial institutions. She He commented frat upon the remarkable ciation wishes to give publicity to the had paid nearly £1,000,000,000 of her fact that at present the United States following statistics relating to opium and debt, and maintained a rate of taxation was receiving from Europe an amount narcotic drugs control in the Shanghai Helsingfors approximately equal to the whole repara Municipality. far higher than any other of the Allies. Lions Germany was paying. But the bulk The imputation has been made from In those circumstances she was justified, of reparations went to France, who was time to time that foreigners are lenient paying nothing, and the bulk of the pay towards opium smugglers and encourage be thought, in asking for far more adments to America were being made by illicit traffic in opium and narcotica. We vantageous terms than had been secured this country out of her own resources have asked for a report from Shanghai The day was, coming when the situation, and this at a glance shows.how unfound- hitherto.

would undergo an obvious modification, ed is such an imputation. It reveals When all the debts had been funded, it The Chancellor of the Exchequer, ia was clear that the United States would very active efforts on the part of the I called the Opium Preventive Squad which his reply, explained the circumstances in be receiving, directly, and indirectly, at police, especially that section of the force which we had agreed to pay, and those least sixty per cent. of the total probable deals exclusively with the suppression of

reparations of Germany. It would be opium smuggling... which governed our hopes of receiving an extraordinary situation, said the For three years the statistics are as

follows:- In the face of America's insistent and Chancellor The pressure of debt extrae follo

Amount tion would draw reparations by diferent incessant demand for payment we were channels from the atricken countries of Year. Prose Fined. Impri- of Fines

ented:

soned, Imposed he thought, bound to comply. We had Europe, and they would pass in an un-umber.

$31,542 smuggled into Shanghai has been pro broken-stream across the Atlantic," to 1923

1,803 1,66481 to find £100,000 every day for more than this wealthy, prosperous, great Re

48,286 cured as a result of the assistance of 3,850 3,384 380

·3924... three generationa-one of the most public.

2,881 278 57,375 with the connivance of the Chines 1923 3,242

Authorities, and has generally been con stupendous tasks and burdens ever under the Socialist beaches.

"It is a shame," cried a voice from

All these cases were brought before veyed or escorted by Chinese officials the Mixed Court.

of the Army, Navy, Balt Smuggling Pre- taken in the history of the world: When

When I believe these facts will not pass it came to receiving it was one thing to out of the minds of any responsible per. It is greatly to he regretted that vention Corps, or of the Cheriang River son, either in the United States or in police investigation shows almost conclu Folice and that campaigns against the ask and another to get. It might have Europe, was the quiet comment of the sively that practically all of the opium trafic in opium have elicited little or no

(Continued on nest Column.) Chancellor.

(Continued at foot of next Column.) assistance from the Chinese authorities.

FOREIGNERS NOT LENIENT TOWARD TRAFFIC.

Number

м

Amsterdam Berlin Copenhagen Vienna

Ruoay, April 20th. To-day's exchange rates are as follow: Paris

147

BrusselsTM

-12.12

-20.49

19.6

34.5

193

Lisbon

Buenos Aires h

Shanghai Yokohama

9/100

1/11/

4.88 3/18

23.13

120.0

19:16

22.99

164

33.89 et

1/5-13/18 2/21 2. 7/16

"New York

Geneva Milan

Stockholm

Oslo:

-Prague

Madrid.

Rian

Bombay Hongkong

Silver (spot & forward).