1927-11-19 — Page 2

Page

THE HONG KONG DAILY PRESS, SATURDAY, NOVEMBER 19th, 1927.

THE TWO LEADING BRANDS

ON THE MARKET

FIRST STILL

1627

300 Years

GERMAN TRADE WITH··

THE SOVIET.

V

STRICTER TERMS URGED.

STILL FIRST

1927

WARNING AGAINST LONG- TERM CREDITS.

it's stood the test, And still of whiskies is the best; "Tia "Scotch" but that's a trifle vagte- To get the BEST SCOTCH call for

"HAIG"!

JON BAG & C↑ (19 MARLIN XANDROL. SOPLANK

SOLE AGENTS:

GANDE, PRICE & CO., LTD.,

St. George's Building, Ice House St.

Tel. C. 195,

[183

BERLIN. The Deutsche Allgemeine Zeitung publishes the observations of a cor- respondent on recent tendencies in Soviet-German trade. The cor- respondent, whose observations, agree with those of other persons closely acquainted with present trade conditions between the two countries, utters a warning against too great a readiness to grant long" term credits, and the Deutsche All- gemeine Zeitung adds some com- iments in the same vein.

Whatever truth there may be In the Soviet assertion that trade with the United States has greatly« in- erensed since the Anglo-Soviet ṛup-- ture, at any rate there is no siga, says...the correspondent of Ameri сап exporters being willing to grant the long-term eredits which the Soviet Trade Delegation is able to demand from Germany. The Soviet Trade Delegation demands as a rule a credit of one year from the date of delivery, without any advance payment being given on the date the order is made. In spite of the risks involved, theme terms arc more favourable shaa those usually granted by German

GREEN ISLAND CEMENT Co., LTD. and foreign firms of good repuse.

Best Portland Cement.

SHEWAN, TOMES & CO.

GENERAL MANAGERS,

HONGKONG.

SHIPBUILDERS.

SHIP REPAIRERS. BOILER MAKERS. FORGE MASTERS. OXY-ACETYLENE AND

ELECTRIC WELDERS, MECHANICAL AND

ELECTRICAL ENGINEERS.

-DRY DOCKS.-

Length 787 Feet.

OF HONGKONG, LIMITED. THE TAIKOO DOCKYARD & ENGINEERING COMPANY

Length on Blocks 750 Feat.

Depth on Centre of Sill (E.W.0.S.T.). 84 ft. 6 n -THREE SLIPWAYS.—

Capable of Handling Ships Up o

8,000 Tons Displaes neat Electric Crane at Sea Wall, Capable of Lifting 100 Tons at 70 Feet Radius

BUTTERFIELD & SWIRE," Agents,

HONGKONG, CHINA & JAPAN,

TEL. ADDRESS: "TAIKOODOCK, Horazono." TELEPHONE NO. 212.

CALL FLAG: “0” OVER “Å¥1, PENNANT.”

Convalescents

of all ages

need easily assimilated nourishment, which will put on weight and quickly restore them to normal health. well-advised buy

The

KEPLER'

НАВД

[61

Cod Liver Oil with Malt Extract

4957

Bottles of two sizes

Alf Chemists and Stores

To keep your skin in health HAZELINE! SNOW"

(Trade Mark)

Olmes pala Alf Cheminis aos ...,eren

BURROUGHS WELLCOME & CO.

K LONDON AND SHANGHAI ·

The Soviet Government is able to obtain these terms because it is able to negotiate as a single organiza- tion without competing with the German export firms, who attempt to outbid one another by offering, not only lower prices, but also longer credits.

RUBBER AND MINING SHARES

DIVIDENDS AND QUOTATIONS.

Messrs. Carroll Bros. have been advised of the following quotations and dividends on rubber and mining, shares:

Quotations.

Allenbys Glenealys

Jimaberempah

Kedahs Malaka Pindas Pajama

Dividend's.

22.80

2.95

2.30

4,00

9.25

9.30

Connemara: 5 per cent. 2nd in-

terim

Lingui: 3 per cent. final, anking

30 per cent. Lingui per cent. Ist interim.” North Taiping: 10 per cent., ins

terini.

Pahang Consolidated: 25 per cent.

final, making 30 per cent. South Triping er eent. final.

making 15 per cent. Sungei Way: 5 per cent. Anal,

making 10 per cent. Sungei Ramal: To per cent and

interim.

Tongkah Compound No. 2: 1/-per

share.

"THE PROMISED LAND."

NEW WORLD STATE IN PARAGUAY.

A New World State has been started in the centre of Paraguay, the land-locked State in the heart I may start of South America. new political problems, but it will undoubtedly solve many, for it is to accommodate the Mennonites, sect whose peculiar beliefs have made them a thorn in the flesh of many civil governments.

Several factors are responsible for this eagerness of German ex- port firms. First, the comparative unreliability of Soviet bills is over i The sect originated in Russia, looked. Further, German firma are Some of its members opened up still influenced by the thought of parts of Kansas and introduced the the 300,000,000. anarks [£13,000,000] kind of wheat for which it is now Government credit of last year, and famous.

helieve that in case of serious diffi- In the United States. there are culty the Government would inter-about 173,000 memi is of the sect wene to save them. They tend to and in Canada about 50,000. Fol- argus that the credit of the Soviet lowers of the faith in modified forms Delegation cannot really be bad or are found in many other countries, the Reich would not have under and all are now looking to Paraguay taken the guarantee, instead of re

as their promised land." Gesting that this guarantee" would not have been necessary if the crédit of the Delegation had been secure in the ordinary commercial sense.

Wanderers On The Earth.

The Mennonites, are pacifists who refuse all military activity, do not believe in oaths of allegiance and insist on the conduct of their oWE schools. Their attachment to a pastoral fe" is almost a part of their creed. -

The writer suggests that it would be a good thing if the intérested German firmas formed themselves in to a single association" and, after thorough investigation, drew pp. Difficulties with the civil authori terms on which, all future negotia- ties during and since the war have tions with the Soviet Trade Delega- made them feel that their migra tion could be fixed. Above all, ittion over the face of the earth must would be desirable that a prelimin- continue and they approached ary, payment should be demanded General Samuel McRoberts, bead and the rest of the amount paid of partly at six months', partly at nine months, credit..

the Chatham and Phoenix National Bank of America, who was chief of the procurement division of ordnance in the United States during the war.

General McRoberts has just re- turned to New York, from a visit to the new country he has arranged for them.

ཟ་

A committee of Canadian Men- nonites came to me about five years ago." he said, and explained that in Canada their unhappiness was increased because they were largely German in origin."

|

FINDLATER'S

OLD TOM

GIN

Doubly rectified-22 u.p.

FINDLATERS

OLD TOM.

GIN

FINISTER MACKIE TO023

FINEATER'S CORNER LOKDEN BREDDE: 5:

HONG KONG STOCK EXCHANGE.

A Findlater "Old Tom"

is the best Aperitif.

Stucked by the Principal

Hotels and Clubs.

Distributors-GILMAN & CO.,

CLOSING QUOTATIONS.

Kailan

$20 sol

boy.

$30 now.

$48 DUTE.

NOVEMBER 18TH, 1927, $1,137) nom, Bank

Do., London...£120 DOM A British Example.

Chartered Bank £20 bay. The ... remarks that, al-

Mercantile Bant, A. &... nom. "though there is no question of dis

Do..

0...£13, nom. couraging trade with Soviet Rus

P, & O. Bak..............£10 nom. Boak......er ...363: DOM. sia, it is evidently desirable that

East Asis (ierman business men should exer

Canton Insurance........$540 buy. Union Insurance $292 eise at least as much caution in

148 nom... their Russian business as they do,

North China Ins.

*****M. $400 buy. for example, in business with

Yangtaze Insurance ..... South America, especially as in

Chins Underwriters $1.20 sel Soviet Russia none of the oppor

Obina Fire Insurance....$215 nom. tunities given by other countries of

Hong Kong Fire Ina.......3590 buy. Douglaser...

835; buy. judging the profitableness of the

3,000,000 Acre Settlement.

Steamboats. undertaking is granted. The ab-

$1,90 mons. After some exploration a tract of H.K, Tuga sence of these opportunities can only to some extent be counter- 3,000,000 acres of fertile land was Indo-Chinas (Prof.).

Da (Def.) balanced by preventing the total found in Upper Paraguay belonging

Shell Transporta

.90j. nom. obligations of the creditor firnis to one wealthy family.

..$17 nom. from becoming too great and by After arranging for the develop Waterboats..

..12) nom. keeping the length of the creditament of the land a charter was Benguers

Mining Ad.........63/- nom. secured from the Government of granted within ordinary limits.

Ti 8 buy. (single)....... German firms have allowed them- Paraguay giving the new colonists Langkste (combined)....., 174 buy. 19 290 buy. selves to be persuaded by assertions, all the privileges they demand, ghat. Explorations ......Tis. which are usually entirely false, to practically making the new colony Shanghai Loans

.........Tha. 5 buy. the effect that their foreign com

a state within a state.

Raube ...................bay. petitors are offering still, better A delegation of Mennonites Front Tronob Minse....19/3 nom.

K terms. On the other hand, the cool-Manitoba and Saskatchewan visited BK1 Wharts 81201 buy.

15 sel. ness of judgment among business the land, and describe it as looking HI. & W. Dooks.........$35 men in other countries may be seen, like an immense park, with oranges, China Providente...$ DOM. Jay's the newspaper, from two lemons, bananus, and cotton grow. Hongkow Tls. 161 buy 152 s. examples. When a British firm de- ing wild.

New Engineering.......... 11.5 881. livers goods to Soviet Russin, 50 About 9,000 of the new settlers Bhanghai Dooks ...Tia 95 boy,

TU. 7.2u bay. per cent, of the total value must are already in the country, having Eye Cations

745 rel. be paid in cash. Credit is given made their way up the River Para

..........la. 2 on. Orientals for the remaining 50 per cent, but guay from Buenos Aires. They of this the British firm undertakes have founded a centre at Porto Shanghai Cottons (old)...Tls, de bay.

Do, (now)......The 23 haya only one-third. To undertake the Casado, some 1,700 miles north of

8 sel. H.K. & S. Hotela remaining two-thirds it finds a Ger- Buenos Aires, and vet built there

HK. Landau man firm, so that at worst the

a hotel and community houses.

Tis. 120 buy. Bhanghai Lands.... British firm can lose only its pro-

Exodus From Canada, Humphreys Estates fit, but not its capital. A Dutch firm sells a certain quantity of rub

Mennonites in Canada are now Hong Kong Realtios..

FK. Territorials ber. Payment must be made in trying to sell their farms before

Building".. Prince' cash on delivery. But since in the removing, and thousands of Men- HK Tramway I rubber trade delivery can usually nonites in various parts of the

PAK Trams (old)

Do. be made only several months, after world are turning their eyes to the the receiving of the order, the new pacifist Btate, where the sword Star Ferries Dutch firm finds a German firm to will never replace the ploughshare. Ohms Lights(comb.)

Do The venture is bound to be watch- Kuarantee acceptance of the deli-

(old) ... nom. Ex. These examples show thated with great interest here. Ameri-

(new) .....85) nom very, Germans need not fear undercut cans cannot help but see the com- H.K. Kleotics...... Bol,

3541 ting by firms of other countries,parison with the Pilgrim Fathers. Macao Electrics 344 buy.

$3.70 bay. and Germans would do well, the They emigrated to secure freedom, Telephones..........

China Buses

64 D.A.Z. adds, to remember that and they set up a religious state. Soviet Russin' needs German trade The wilderness into which the Singapore Tractions......12/9 nom. at least as much as Germany needs Mennonites are going is almost as Chin Begun in$13

Bugars Soviet-Russian trade. So far as little known and as unexplored as Malabon special concessions are concerned, New England was then. Paraguay Canton Ice 15 cm.

..$7 pel. Demente (combined)...... there are markets very different was founded as a religious state by

Dor (old)......$6.60 DOW from the Soviet-Russion market Jesuit priests, who later withdrew. Do,

...$1 open to Germany.

new enclave H.K. Bopes fold)....310 nom, The future of this It may be suggested that there within it promises a great romance Da, (now). $5 nom. is yet another explanation of the over-confidence of certain German in state-building

(new).

buy.

361 buy. Sii sel. $120 buy.

$2.10 buy. $14 sol. $7. 354 Bom.

BOR

EXCHANGE.

CLOSING QUOTATIONS.

November 18th, 1927,

ON LONDON.-

Telegraphic Transfer

204

Bank Bilis, on demand 2/05/16 Bank Bills, at 30 days' right Bank Billa, at 4" mouths"

sight

...2/01

Credits, at 4 months' sight 2/11

Documentary Bille,

"months" sight...

Ox Paris.-

Book

Hills, on demand

9/11

1.250

Credits, 4 months night... 1,523

OR BOMBAY.-

Telo Blanfor

Bank

OS CALCUTTA

Telegraphic

on demand....

Transfer...

498

OF NEW YORK-

Bank Bills, on domand

Credite, at 60 days' Hight...

ы

135

Bank Bills, on demand... OM SHANGHAL-

135

Bank Bills, at sight |

791

Private, 30 days" sight

OF YOKOHAMA On demand...

107

OX MANILA-On demand

99

ON BINGAPORE On demand...

978

ON BATAVIA,On demand

Ox Harzone. On deasad...

дом

92

Ox Sign On demand Ox Baxezo-On demand FOTEKIGN, Bank's Buying rate $9.55 GOLD LAY, 100 fine, per taal... BAR SILVER, per 02.

284

SH

EXCHANGE RATES. [BRITISH WIRELESS SERVICE]

Broer, November 17th..

Paris New York

Brussels Geneva

Amsterdam...... Milan... Berlin Stockholm

4.87 7/32.- 34,94

25.28 12064

89

90.43

36,10

Copenhagen Oslo".

38.18

18.34

Vienna

34,555

Prague

1043

$12 nom.

Helsingfors

1934

Madrid

28.05

Lishon

2.27/39

Athens

367).

Bucharest

T85

bay.

Rio

620/32

47

1/8 15/10

9/7

"mot

Urited Asberton

$12 sal

firms which is not mentioned in the

foregoing observations. Not only

Dairy Farmis Watsons

$16.10 nom,"

are the usual opportunities for as

impression of friendship

with

Der A Wings

Lane Crawfords..

$11i nom. „$8 noia." .85 noi. $22 sol.

Binom.

All Rights Reserand

certaining the soundness of Soviet Russia tends to deprive the Mackintosh...... transaction lacking, but the official German public, of trustworthy in Sinceres... German policy of maintaining an formation about economic condi (Continued at foot of next column.) (Continued at foot of next column.)tions in Soylet Russia.

Buenos Aires Bombay Shanghai Hong Kong

Yokohama

9/01 1/11 17/32

Silver (forward) sinovi, 284

Silver (spot)

Wm. Powells

$19+ nom. ́H.K. Amusements

H.K. Construatának 11 mol 8'que Indus. G. Bonds...55% buy. H., Gort Loan.......11% prem. Eur. buy-buyers: sel-sellers:

nom➡isininal.

-LTD.

THE TYPEWRITER

THAT INTERESTED

H.M.

THE KING.

It is now a matter of in- terest to all users of

Typewriters to know

that this Machine

can be obtained

in Hong Kong.

THE IMPERIAL"

TYPEWRITER

Machine

that embodies all the latest improvements, and it is not only better. but also cheaper than uther

Typewriters of Foreign

Make

Demonstrations will be given

at any time at the.

Sole Agents:

T. E. GRIFFITH, LTD.

8, Queen's Rd Central Tel: G. 3517

[23.1]

SVET: HALF A+ CENTURY. REPUTATION M

DE LECLERC'S OR ONLYES?

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