1926-07-06 — Page 3

Page

Foamite Firefoam

THE MOST EFFECTIVE FIRE

EXTINGUISHER.

!

BOLE AGENTS FORB HONGKONG AND SOUTH CHINA,

“THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel, Central 236:

2,-Queen's Buildings,

ANCHOR BRAND PURE MANILA ROPE.

"THE CORDAGE YOU CAN TRUST."

MARINE ROPE

LIRANSMISSION

OF POWER ROPE

CABLE LAID

-HAWSERS.

WEIAL DRILLING

CABLES

ESTABLISHED 1854

YNCHAUST

ROPE

FACTORY

MANILA

BUPES OF ALL SİZES FOR ALL PURPOSES

-MADE-FROM- PUBE MANILA HKMF

MANUFACTURED

BY THE MOST MODERN- MACHINERY.

STOCKS ON HAND OF ALE SIZESĮ ENQUIRIES SOLICITED

HONGKONG OFFICE

FACTORIES-MANILA, P.I.

KING'S RJILDING TELEPHONE CENTRAL 8165,

A.P.3.

CITY HALL.

JULY 12th, 19th, and 21st. BRICK MORSE'S

CALIFORNIA COLLEGIANS

The World's Greatest College Entertainers.

10 piece Jazz Orchestra ... ·

Male Chorus of 20 Voices

Instrumental and Vocal Soloists

Snappy Novelty Acts. Clever Comedy Artists.

THE HONGKONG DAILY PRESS, TUESDAY, JULY 6TH,

Booking now open at Moutrie's. Prices-$3, 82 & $1.

THE

[8740

SMOKE NUISANCE

AT HOME.

The House of Commons passes the Smoke Abatement Bill to restrict the emission of Smoke from Chimneys.

THE SMOKE NUISANCE

IN

HONGKONG

be restricted without a Bill and with

voluntary co-operation only.

INSTALL AND USE GAS.

Reduce your bills for fuel, and Help keep the atmosphere clean.

Gas-using appliances for all purposes, demonstrations and full particulars at the

HONGKONG & CHINA GAS Co.

Showrooms:-18, Des Voeux Road Central

West Point.

Tel. C 4704 Tel. C47.

FAMOUS FIRM'S BIG LOSSES.

FIVE DIRECTORS RESIGN...

-THE-CITY DISCUSSES REPORT.OF

ARMSTRONG WHITWORTH.

·BRITISH · BETTING TAX.

STINGENT RULES FOR BOOK- MAKERS.

"FROM OUR OWN CORRESPONDENT]

LONDON, May 20th. Losses of hundreds of thousands of Details are now available regarding the rules devised by the Treasury for the pounds in the great undertakings co-working of the Betting Tax. The regula trolled by Armstrong Whitworth, one of tions are very stringent, and include the world's biggest armament and steel heavy penalties. They contain a provi, sion for the endorsement of bookmakers' combines, require to be written off, with certificates in the way that motor driving the sanction of the shareholders, at next licences are endorsed, and render hook- week's meeting, 'says the Evening Stand makers liable to arrest in certain cases without warrant. An interesting point is! dard of June 5th. The losses are attri-included with regard to laid-off bets, buted to ","

Bad..trade,..

Foreign competition, and Production costs.

A sum of £300,000 has been decided upon by the directors as necessary to be transferred from the reserve. "The greater part of this amount will be re- quired to write off losses already incur- red," they state,

The Commissioners of Inland Revenue are empowered to grant & rebate of betting duty where the whole or any part of the ability in respect of a bet bast been transferred by the bookmaker to an- other bookmaker by means of a fresh bet made by him to the other bookmaker, By this means a very serious difficulty has been disposed of in the operation of the new taxation.

If a bookmaker is convicted of an Five directors have resigned, including offence power is given to any court to the chairman. They are: Sir Gyen take away his certificate and thus put West (chairman), Mr. J. M. Falkner, Sir him out of business for such a period as G. H. Murray, Rear-Admiral Sir Charles the court may deem fit. Any person who Ottley, and Lord Sydenham

applies for or obtains a certificata while disqualified is liable to an excise penalty "FULL LOSSES NOT YET KNOWN.". Over ten million pounds in share capitalized as a bet on an event of any kind.

of £100. The expression" bet" is de

is issued and paid up, and outstanding debenture stocks amount to over seven Bookmakers are to be allowed to make payment of the duty by an arrangement millions.

1926

EVE'S

LOVER

WITH

IRENE

RICH

THE STORY OF AMODERN EVE

∙AS. SUSCEPTIBLE

TO TEMPTATION

AS THE ORIGINAL

MOTHER OF "THE

RACE

TO-DAY and TO-MORROW

THE

AT

QUEEN'S

with the Commissioners after fa-nishing DRAMA-COMEDY

The City discussed this latest sensation returns of all bets made by them and in the repercussion from the post-war giving security up to an amount approved boom.

Sir W, G. Armstrong, Whitworth and Co., Ltd., whose report for 1925, has just been issued state-that-the-full- amount of the fosses -is-not-yet knowD

"The directors regret to report," states the report, that a continuance of ad- verse conditions, particularly as regards bad trade, the costs of production and foreign competition bave materially affect ed the results of the year.

IDLE ARMAMENT PLANT..

by the authorities for the payment of the tax.

HONGKONG STOCK EXCHANGE

CLOSING QUOTATIONS. "

JULT 6TH, 1926, .................$1,125 nom...

Engkong Bank.

Day Louders nom

“Chartered Bank

Mercantile Bank

DOM

Moreover, the efforts to secure busi&0. Bank. ness to compensate for the serious reduca Bank. tion in armament orders for which Elswick Canton Insurance. and the other main plants of the cont pany have been specially equipped, are zot giving the results which were ex- pected.

China Underwritere..*** North Uhina Insurance Union Insurance

£13į num.

By buy Nit nom

$1.80 nom.

Tix. 145 non

$255. nom,

337 bay,

$20 buy

Yangtaze Insurance China Fire Insurance Hongkong Fire Insurance ...$585 buy. Douglases ..........

"The extent of these losses is dificult to estimate, and the full amount is not kaowa, but the directors have considered it essential to transfer from the general. reserve the sum of £800,000, as it was con- sidered that the greater part of this amount will be required to write off losses already incurred.”

The annual meeting of the shareholders is to-morrow week at Newcastle, and the directors will be able to explain the results of consultations with the largest shareholders and with bankers,

"

M. Steamboat-nom ..$2 nom. Hongkong Tugs

do-China (trei) Da (Def), Shell'

l Transporta Star Furries....... Waterboats..... China Sugars

Malabon sugars.... Bengoe

91/- x. div. nOZA.

it

es

..567 buy.

..$15 nom.

Kailan Mining Aa. Langkata (combined) Dal (mingin) Shangha Explorations.

NEW METHODS IN BUSINESS. Shanghai Loans

RETAIL TRADERS ADVICE.

We forecast a continuation of the gradual steady improvement in economic and industrial condition."

Bauba

Tronoh Mines Ural Caspians H.K, & K. Wharfa...

HK & W. Docks gew.............

... 241 buy,

....$34 nom.

New Engineeringe. Shanghai Dooks.. H&S. Hotels.....$10,5, Hongkong Lands

This statement occurs in the annual report, by Mr. Eric Gamage, of the in- corporated Association of Retail Dis-longkong Realtya..... tributors. A feature of the report is a HK Teritoriala...... call to business men, especially in the K Developments Humphreys Estates. retail trade, to alter their methods to Prince's Building... suit changed conditions.

Eural Lands mego Ewo Lettons Urientals ................... Shanghai Cottons (old).

Do. (new).. China Buses Hongkong Tramways).. Peak Trams (oid) Singapore Tractions

"A large number of firms," states the report,have considerably increased their volume of business, but the general impression is that this has been secured not through any increase in the purchas ing power of-the-public, but through in tease energy on the part of the firms con cerned.

Taxis

Do..

Antsecrenta Canton ices

Do. Do.

..$i nom..

41- nom. Tla. 23 sol Tis. 12 buy. *Tla, bt nome

Tis, 7 nom

sel

.65/. nom.

8/- nom

Sizi buy.

Tis, 170 buy.

Th, 54 buy. TI."lus buy. buy, 11/10.95 sa ..$65) buy,, 6ơ x

35.90 bay.

35 nos ,20 cts. sel $140 bay.

390 Kel. $4 al. 214%. At sch

Tis. 470 eel. Th. 63 nom. Tls, 28 nom „Tls, 10) bay. $25.10 buy. „$15* day.

$7,60 nom .12/-sel.

Silk nom.

"The periodicity of trade cycles can no longer be accounted-of-much import- ance. Changing values, changing re quirements brought about by improved Cements (combined) social conditions, coupled with the deve lopment of new industries and sciences, bring in their train unlooked-for factors. Chins Lights (combined).......

Furthermore, it is obvious that the reorganisation of staple industries is largely overdue. Re-capitalisation, the larger employment of mass production methods, Dew standards of production, are all matters to receive attention.

This year has seen A disillusionment on the part of many industrial and com mercial people who have been seeking since the end of the war for a return to what they term normal conditions, By this they mean pre-war conditions, and they do not realise that, there is no normality.

The future standard of trade can only be assessed by getting rid of all conceptions of normal conditions, and seeking to improve on the previous year's business.

"Adaptation of our main industries to meet these new conditions is long. overdue."

THE STAMPS OF SIAM.

Towards the end of 1923 the well-known. collection of Siamese stamps formed by 3. R. Sle May was acquired by Chao Pbya Yomaraj, who intended to display it-at-the-Siamese Kingdom-Exhibition The Exhibition have been abandoned, and His Excellency has now, it is understood, decided to offer the collection to HM the King, for disposal as His Majesty may think fit. As this collection of Siamese stamps has possibly no equal outside the British Museum, and forms & permanent rational asset, it is sincerely to be, hoped that it will eventually find a home within the National Library or in the now Museum which is to be established. It has been fully prepared for exhibition-by a local stamp dealer, with descriptions to Siamese, and the requisite stands for its display are also ready for uke.

Do.

10.

THRILLS

ANNA Q NILSSON

THE FIRE PATROL

TO-DAY & TO-MORROW

AT THE STAR.

THE HONGKONG ILLUSTRATED WEEKLY.

A Copiously Illustrated Sunday Paper, in English and Chinese,

will appear on SUNDAY NEXT.

Price:-10 cents per copy: 85 per annum.

All who wish well to the increasing spirit of co-operation "betweenTM Foreigners and Chinese should subscribe to this paper. When you have read the English section, hand the paper to your Chinese Staff. Cheung Chow subscribers can have their copies delivered at their Bungalows at 8.30. on Sunday mornings. [XP.B]

[2659

BRUNNER, MOND & CO. (CHINA), LTD.

..$7 nom. $14 nom.

.813 nom. {ald},wsuxew, (new)3 nom

(old)... $134 no

12, PEDDER STREET.

$8.05 buy.

* nom. $1b nom. ..36 val.

sod buy,

sel, $10 BL

38 nom.

$10 nom.

311 nom.

320 nom.

$13 pom

364 num.

sel-sellers;

nomina.

China Providents.......... Constructions Der A Wings.. Dairy Farms KARCINO Hongkong Mlectrica Macao Electr HK. Rapes (combined)......

Da

(old) (now) Laga Crawfords... Mackintoshs.... Sceres.... Undead Asbestos ................ Watsons" (old)*** Wm. Powella

bay,--buyers;

"EXCHANGE RATES.

ALSO

TELEPHONE 1630,

CRESCENT FERTILISERS”

FOR

VEGETABLES, FLOWERS, LAWNS, etc.

Specially prepared to meet Local Soil Requirements

"CRESCENT" NEUTRAL SULPHATE OF AMMONIA

25.75

(Analysing

per cent. ammonia)

AND

"CRESCENT" BONE FLOUR.

(Analysing 60 per cent. phosphate.)

ON SALE AT-

Messrs, GRACA & Co., THE SUN Co., Ltd.,

THE WING ON Co., Ltd.

[AP]

{BRITISH WIRELESS SERVICE. ]

HOGEY, July Ard

.180.12

164.12

12.114

20.43

18.34

3143

1931

2/114. 1/11/1/18 4669 25.13.. 1301 18.145

K

22.15

IBAL

AND

20.63

$7.7-8

RIBBON DENTAL CREAM.

IP.E.

Paris Brussels Amsterdam Berlin Copenhagen Vienna Helsingfors. Lisbon Buenos Aires Shanghai Yokohama: New York Genova Milan Stockholm Onio Prague Madrid Rio

Bombay. Hongkong

:1/5:59/84

2/27

-20:3/10

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