1926-11-25 — Page 3

Page

THE HONGKONG - DAILY PRESS," THURSDAY,- NOVEMBER

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tal, Central 200.

AGENTS FOR

3, Queen's Buildings.

BRIGG'S BITUMINOUS ENAMELS & SOLUTIONS.

SOLE AGENTS FOR

48

' UNION "

ANTI-CORROSIVE and ANTI-FOULING COMPOSITIONS

FOR SHIP'S BOTTOMS.

ANCHOR BRAND PURE MANILA ROPE.

*THE CORDAGE YOU CAN TRUST.”

MARINE RUPE

TRANSMISSION

OF POWER ROPE

CABLE LAID

HAWSTRS

WELL DRILLING

CABLES

ESTABLISHED 1834

YNCHAUSTI

ROPE

FACTORY

MANILA

BUPES OF ALL SIZES FOR ALL PURPOSES

MADE FROM PURE MANILA:

FEMP

MANUFACTURED

BY THE MOST MODERN MACHINERY.

STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED,

HONG KONG OFFICE:

FACTORIES ——MANILA, " P.L.

KING'S RUILDING, TZLEPEONI CENTRAL 8165.

Are you getting the full benefit of the bracing weather ?

A.P.B.

HEMOSTYL SYRUP

WILL HELP YOU TO

On Sale at all Dispensaries,

SOLE AGENTS :

COMPAGNIE OPTORG.

A Luxury and a Necessity Ready

any time of the

Day or Night.

(LP.B]

Showrooms: 16, Des Vœux Road and West Point.

HONGKONG AND CHINA GAS Co., Ltd.

[A]

WHERE WORK PROCEEDS SMOOTHLY.

FINE RECORD OF IRON AND STEEL TRADE CONFEDERATION.

TRADE UNION OFFÍCIAL EXPLAINS METHODS.

GERMANY'S BUDGET.

REDUCED TAXES BUT UNEMPLOYMENT LOAN,

HERR REINHOLD'S POLICY.

The supplementary Budget for the financial year 1928 has been laid before The fact that, even in England, trade the Reichsrat, says the Berlin correspon unions and employers can co-operate, in dans of the Times, writing on October a spirit of mutual confidence and in the 24th. It contains the expenditure on the widest interests of the industry in ques Government's productive unemployment tion, has recently been shown by the relief schemes, which is supposed to be record of the Iron and Steel Trade Con-made out of loans. Other expenditure federation. With the exception_of_the

years.

recent general strike they have not been of the same type was the 100,000,000 engaged in any general stoppage of work marks £3,000,000] credit granted to the due to a trade dispute for the last 30 Railway Company, to complete, certain reconstruction works for which the com- Mr. Robert Dennison, M.P., for King's pany had not the necessary funds. There Norton, is the assistant-general secretary: is also a sum of 293,000,000 marka the secretary is Mr. Aruthur Pugh, ex-£14,650,000] expended on other produc chairman of the General Council of the tive undertakings, which, under the Trade Union Congress; and the president

polby inaugurated by Herr Reinhold,

is the Right Hon. Johu Hodge, ex-Minis- the present Minister of Finance, was to ter of Pensions.

be covered by loan and not out of current Mr. Dennison, in a special interview with retenue. So far these expenditures have the representative of a London nowsheen covered with the aid of a 250,000,000 paper, said the same happy state of marks (£12,500,000] profit obtained by the affairs might be achieved by the workers, Reichs Mint and out of last year's in other industries.

surplus.

Three Points.

Their own relations between employers and workers were not due to a written constitution, but rather to a gradual development of an atmosphere by which both sides had come to recognise that settlements over the table by reasoned discussion were preferable to stand-up fights.

Herr Reinhold in a speech which be made at a Democratic Party congress said that the dark prophecies of the Nationalists when he announced his policy of reducing taxes and not, bud- fulfilled. The tax reduction law had. geting for large surpluses had not been fulfilled his expectations. For the first half of the current financial years re renue from taxation had exceeded half Three significant factors which have of the estimates by 127,000,000 marks grown up in the last, 45 years have ton.] [£63,500,000). Only the inheritance tax tributed to peace in this important in. had proved disappointing. dustry:

was to steer all the time as close to s deficit as possible. The hoarding of reserves (under, Nationalist influence) during the previous two years had caus- ed considerable harm.

Agreements are regarded as sacred; Piece work is general;

There is no rate cutting.

The last has been a serious set-back to

payment by results in other industries Under the rules of the Confederation the workpeople know that once the rate per ton is fixed they can make as much as they possibly can without the employer interfering on the ground that their wages are too high.

Another important fact is that the whole of the workpeople, whether on piece rates or paid by other methods, have their wages regulated by a sliding scale, based upon the sale price of the material.

This arrangement takes place in most cases quarterly, and avoids, constant wrangling for advances or reductions be- tween the employers and the employed.

Neutral Committee. "Of course," said Mr. Dennison "differences arise outside wages and hours, but tradition has set up an un- written constitution whereby differences are referred to a Neutral Committee, composed of three workers representa tives and three representatives of em ployers, drawn from works not affected by the dispute.

His aim

ment relief schemes, Herr Reinhold said. Discussing the productive unemploy that the system of meeting these and other productive expenditure out of taxation must be abandoned. Funds to a considerable amount for the provision of employment must be raised by loan, They had reached the extreme limit of their resources.

HONGKONG STOCK EXCHANGE.

CLOSING QUOTATIONÉ.

Do

London

NOVEKAKE 24TH, 1926.

$1,170 noon. £118 nom. bay... 221

Bongsong Bank Chartered Bank... Mercantile Batik, A&B...

Dovr P. & O. Bank. Fit Anis Bank. Canton Insuranos China Underwriters. North China Insurance Union Insurance

nom. £13200

buy. 81 nom

$640 buy.

$5 nom.

$996 sel

"My association is not favourably in-Yangtze Insurance .........des. $66 buy.” clined to compulsory arbitration, because

it is not practicable without an atmos. phere of good-will on both sides.

"If such an atmosphere can be creat- ed there is no need for compulsory arbitration."

ROBBERY UNDER ARMS.

U.S. SENATOR KIDNAPPED AT

BROOKLYN.

Crimes of violence, especially, specta

China Fira Infuranos

$900 bay. Hongkong Fire Insurance .3617) bay. Dooglas HK, U. &

H. Steamboats kongkong Tags...... Indo-Uhinas (Prof.)

Do (Del.), Shell Transports..... Star F2168.... Waterboats

China Sugar

Malabon Bugars Benguat.... Kailan Mining Ad....

Langhats (combined)

(single) Explorations..

Dular, robberies under arms, have within ng Rs.

the past week, says the Daily Mail of October 15th, been perpetrated on so Fast a scale in all sections of the United States as to monopolize the whole time of the Washington Cabinet at its meeting yesterday under the presidency of Mr. CooEdge.

Meanwhile the robbers who three days ago murdered a Post Office van-driver, wounded two guards, and carried away £30,000 in currency have apparently escaped the network of military forces employed to prevent their leaving the State of New Jersey.

The public has further been regaled with details of another amazing crime committed in the most fashionable resi

dential section of Brooklyn. After visit. ing a play in New York, Mrs. William M. Calder, the wife of a former United States senator, her daughter, Mr Robert Corwin, and her sister-in-law, Mra Wit Bam L Harlow, with their chauffeur and his wife, who was sitting with him on the front seat of a limousine, were all kidnapped by three men.

Baba.................. Tona Mimos Ural Laspiane HK. & K. Whats. HK. & W. Docks, Honghas

40L

Dom.

bay

..4 buy.

90+ noin,

buy, 63 sel

17 naut

пот.

$i nam.

Tia, 27 nom Tia: 14 nom.

nom 17. 9 now

Sit nom

887 bay,

$123 sel

mon/8"

nom. Th. 175 nom. ..11a. 5.60 nom. Tla. 125 nom. 492 buy, 9.70/10

384 sel., 80 sa.... ..$6.15 buy.

$154 hel *99* ком.

New Engineerings, Shanghai Docks .... H.K.& 8. Hotels Hongkong Lands Hongkong Realitys. HLE Territorials ..... Humphreys Estates. Prince's Buildings, Bural Lands Ewo Cottona Orientals

Tis. 8 set. Bhanghai Cottons (old)....Tis: 531 bay, (now)...... Tis. 281 buy, China Buses Bangkong Tramways... $24.25 buy, 24.95/50 sa Peak Tramx (old)

Do.

Singapors Tractions

Doż (new)....

Do Do.

Annaements. Baki Cantoni Ices The women, according to the custom Cementa (combined).. of rich Americars, were wearing their.

(old) costliest jewels.

(now) China Lights (combined)

ᎠᎴ . (Qld) China Providents ........

(now) Constructions wil

Demand for Silence.

Their car had just halted outside a residence when another car containing three men drew up behind them. Two

of the men rushed to Mrs. Calder's car Dairy Farm.............. and thrust revolvers through the window Dr, A Wings with an insistent demand for silence. Hongkong Moctrics.

One of the men next forced the chaMacao Electzios feur and his wife into the seats beside ELK Ropes (combined) their employers. He then took the wheel

and drove the party rapidly away while his companion relieved the women of Lana Unwrit diamonds and jewels valued at Hackintosha than £20,000

Bincarce For an hour the bandits drove their United victims wildly round Brooklyn, finallya (old):

W Powells returning to a point 300 yards away from the spot where they first raided the mr.lephones... There they dumped the woman and, their servanta into the street and drore, off rapidly into the darkness..

#it nom.

Fla. IU mel

„Tac Of buy?"

$2,00.

nom 15/- seli

$154 buy.

$5 mom,

$ nom

jel nom

$19 sel

Şiki nom. $11, nom. „ast buy.

Ebay Slut bay.

il bay.

25 nom.

•fold) w (now)

19 FOLL

sal

4.85 sel.

Mrs. Elizabeth Langley, of Hailsham, Anner Castle, near Clonmel, Tipperary, Sussex, who has died at the age of 3 the property of Lieut., G., Mandeville,years, is survived by 152 descendants, R.N., has been destroyed by fire, and the comprising fourteen sons and daugh caretaker was found in the coach-house ters, sixty-five grandchildren, seventy-one with his brains blown out and a gun great-grandchildren, and two great-great-| lying across him.

grandchildren."

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BY

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TO-DAY Hill: SATURDAY

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QUEEN'S

TO-DAY ONLY.

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IN

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December 10th, 11th, 13th,

at 9.15 pin

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MATINEE: (Children Half Price.}" Wednesday, December 15th at 4.30 p.m. Booking plan now open at Anderson's for Coupon Holders, and opens on Monday next for the General Public.

THE

PIRATES OF PENZANCE!

"I'll be true to the song I sing And live and die a Pirate King."

Please Note!

FAIRY PLAY AND SHADOW PICTURES

CHRISTMAS MATINEES

The Theatre Royal

сп

DECEMBER 22nd & 23rd

THE

SATU

4.30 PM.

IN AD OF

MINISTERING CH

CHILDREN'S LEAGUE

FAND

THE SEAMEN'S

INSTITUTE.

[4166