1928-02-06 — Page 2

Page

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SOLE AGENTS:

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ST. GEORGE'S BUILDING, ICE HOUSE STREET,

Tel. Central No. 135.

Hong Kong,

THE HONG KONG DAILY PRESS, MONDAY, FEBRUARY 6th, 1928.

FRENCH CURRENCY.

MY POINCARE'S IMPORTANT

SPEECH.

(THROUGH REUTER'S AGENCY.]

PARIS. Feb. 3rd. ML Poincare, continuing his speech on the finances of the coun- try this morning, addressed the Chamber for three hours and has rot finished yet.

M. Poircare dwelt on the difcut ties connected with that burning question stabilisation, and said that the hour for legal stabilisation has not yet struck

meat."

•

BRITISH TRADE PROSPECTS.

ANOTHER BANKER'S

ENDORSEMENT..

BRITISH WIRELESS, SERVICE, Î

Radar, Feb. 3rd.. Sir Austin Harris, presiding at the annual meeting of Lloyds Bank: endorsed the options which have been expressed by the Chairmen of other big London Banks regarding the encouraging trude "prospects,

HONG KONG STOCK.

EXCHANGE.

CLOSING QUOTATIONS.

FEBRUARY CTE, 1918. A.K. Bank....$1,214 buy, & sa

Do London,..2139 now, Chartered Bank. £l bay.

Marcantile Bank A Dog

Do

nom.

P. & 0. Bank Fast Asia Bank Caston Insurance .........$666 buy. Union Insurance 3 boy, 301 North China los...........

Ta 13 nom. Yangtze Insurance E. 3-4, bu Chin Underwriters

$2.20 bay..

2.20/1 K

Chins Fire Insurance...$216 04 Hong Kong Fire Ins.......$680 nom. Dongisans................... $414 buy. Steamboat...................... $20+ day. H.K. Tuga kay, 1.90 sol. Indo-Chinas (Prož) .......$36 pom

(DL).$40 nom. Shell Transport ..... mum. Waterboat..........

buy. Benguete Katlan Mining Ad+/- bay. Langkats(combined)..............

T13 bay. Do. (single)

Tha, 10 boy Shanghai Lonna.....

Explorations The 5 buy.

Tia. 8.10 buy. $4) non

He added: "Two features of a very gratifying nature stand out as beacons of

encouragement When it did strike, he announced, i

and hope." Onu, he said, is the marked the Government would waate no time in submitting a Bill to Pariia-ecrease in the number of unery- ployed, and the other is the com- parative freedom ગ the past twelve months from serious inhour disputes and strikes. I think, it is becoming recognised that a greater faling of mutual Confidence is growing between employers and | HK. & W. Docks...... employed to the great advantage China Providents, and benefit of both.

The speech tended to confirm the belief that stabilisation will be effected, at the present rate, after the elections.

Foreign Policy.

PARIS, Feb. 3rd. M. Briand, the Foreign Minister," speaking in the Senate, gaya lengthy review of foreign affairs,

A

The very encouraging spirit of

מנים

R

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O bay, of

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Hongkows New Engineering...... 6 nom. Shanghai Doaks

„TL. Orientals

declaring that Locarno was not yet conciliation and goodu ili on the part wo Cotions

& conjurors hat from which one could produce anything and de- clared that the evacuation of the

of some of the prominent leaders of trade unions has been evidenced by their speeches, and I believe we

GREEN ISLAND CEMENT Co., LTD. Rhineland was not a question for seen a serious desire on the part E.K. Lands

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France alone to decide. He recall- ed what he told Herr Stresemann at Thoiry: If you want to hasten evnouation you must entry out dis- armament and consider how to advance the reparations payment.”

M. Briand opposed the rupture of relations with the Soviets but demanded diplomatic correctitude.

of responsible mea

to do every thing possible to avoid the dis. astrous recourse to a strike.

NO GENERAL ELECTION THIS YEAR.

WAITING FOR. THE NEW VOTERS.

(THROCON REUTER'S aursor.]

He anticipated the disappearance NO INCOME TAX REDUCTION. of the let obstacle to Franco- italian friendship and Snally pro phesied that 1998 would not close without the grave questions of war debts and reparations being settled in such a way as to consolidate hopes of a general peace..

The Senate voted by a show of the motion approving hands on A. Briand's policy.

LANCASHIRE'S COTTON INDUSTRY.

CONFERENCE ENDS IN

DEADLOCK.

STRIKE POSSIBLE,

[TUROUGH REUTER'S AGENCY.]

LONDON, Fel. 3rd. The crisis in the cotton industry was the subject of further confer ences in Manchester" to-day.

Representativ 8 of the Opera

Caions stated that their attitude was unchanged.

Lives

LATER.

The Cotton Conference in Man

chester has broken down, there being a complete deadlock with regard to hours and wages.

Serious Position.

LATER.

Losbos, Feb. 3rd.

Mr. Winston Churchil in the course of a speech in Birmingrum, said there could be no General Election in 1995." The Bill en. franchising women on the same basis as men must first be enacted, and the new VOLCIS registered This would carry them into the spring or surumer of 1929.

Mr. Churchill indicated that there would be no reduction in the inconis Tax in the forthcoming Budget hot he believed yearly evonomies in the fighting services were possible; subject to the maid- tenance of minimum security for Britain and the Empire.

NORWAY'S LABOUR

GOVERNMENT.

DEFENCE FORCES REDUCED.

(THROUGH RECTER'S AGENCY.]

OSLO, Feb. 3rd.

The position in the cotton indue try is most serious. The next step reats with the employers, but ontot by either side would possibly It has also withdrawn the Bill decide whether the employers are put through by the previous to ecforce the new wages and Governinent providing for the hours or whether the operatives construction of a new destroyer.. will strike..

Ti 2 buy Bhanghai Cottons (oki)... Tla. 4 buy.

Do. (now)...... Tla.bay. HK. & S. Hotels

... bay,d.40 20,

buy Hhangbai Landa Tia 183 bay. Humphreys Hatates......$15† bay. Hong Kong Realties... buy, 8.30 a. H.K. Ternictals ......... nom. H.K. Tramways.....$26.60 buy., 27

Peak Tra (old)

Bo. Star Ferries

1410

bay, & so.. China Lights (comb)...$173.bay, 17 DG. (old) ......$13 (FAW)

.. Do.

HK Electrica

buy.

Telephone... Macaa Klectrice .........864 bay,

China Buses

$4.56 nom

Tis. 6 nom.

Singapore Tractions......11/9 nom.

China Sugars 0

Malabon Bugars Gautun Icas

nom

$31 bay. Orments (combined).... 11 bay, 11.

Do. (old) Lio. H.K. Bopes. (old)

(new)

Do. (new) United Asbestos Dairy

Watana

...

sei, 11.63/b0aa ..$10 nora. ..$14 bav

Day. $10 BOL

buy 211

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512) bay, 12

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Der A Wings Lane Crawfords.. Mackintone. Binderosas Wm. Kowalls. H.K. Amusemente....27 bay. H.K. Constructions.....$11 com. Bene. Indas. G. Bonds...807 buy. H.k. Gort Loans.5% preat bay.. bay-bayors'; sol-cellars;

martinpinal

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POST-WAR "SLACKNESS."

LORD JELLICOE AND TEAM

WORK."

Earl Jellieve, distributing prizes The new Labour Government has at the Cliff School, Shanklin, Isle signalised its advent by submitting of Wight, said the influence of team to the Storting the Norwegian work was proved in the Great War Parliament, Bills cancelling mili There were people who said that tary training in 1928, restricting since the war we were losing our naval training, reducing the Army grit and determination; that we Estimates by 4,500,000 kroner, and End not the same enterprise as in the Navy Estimates by over 700,000 the day's gone by. He felt there akroner...

was, perhaps, since the war a cer- tain sign of slackpres. The war brought out the best that was in the British Empire, and bad as the war was, sooner than see these good qualities go under he would rather see another war. Since the conclu sion of the war there was perhaps a tendency on the part of British people to think of themselves and not of the British Empire as a whole. He appealed to the boys never to forget the qualities which had made the Empire what it was.

The operatives are expected to consult the Trades Union Council.

RAID ON SINGAPORE COMMUNISTS.

FIVE CHINESE ARRESTED,

(THROUGH RECTEN'S-AGENCY.)

SINGAPORE, Feb. 3rd. The police suddenly raided the headquarters of a suspected Com munist organisation to-day, and arrested four Chinese men and one woman. It has been proved that the place raided was the source of the dissemination of much, Belahe vik propaganda to the East Indies,

A large quantity of Communist Gterature fell into the hands of the police.

-PRESIDENT COSGRAVE

KETURNING TO IRELAND.

[DHITISE WIRELESS SERVICE.]

Rraus, Feb. 3rd.

The President of the Free State Dail Mr. Cosgrave, left New York by the 8.8. Olympie early this morn- ing, on his return to Ireland, after a brief visit to the United States aud Conada.

RESIGNATION OF GREEK CABINET.

MARITIME LABOUR.

ANOTHER INTERNATIONAL

CONFERENCE.

(THROUGH BESTEL'S_AGENCY.]

GENEVA, Fely, 3rd.

The Executive Council" of the International Labour Olce has passed a resolution in favour of holding an international Maritime Labour Conference, immediately after the ordinary. Labour Con- ference next year.

The motion was supported by the Labour group, but was opposed by the Executive of the Labour Office and also by Mr. Forbes Watson, the British employers' delegate.

MR. AMERY LEAVES FOR ENGLAND.

COMPLETES A LONG TOUR.

BRITISH WIRELESS SLEVICE}

Ruggy, Feb. 3rd. Having completed his great tour of the Dominions, the Colonial Secretary, Mr. Amery, accompanied by 31rs. Amery, left New Bruns wiek last night for England.

In a final speech at Saint John's. Jr. Amery said it had been a grest inspiration to transl through sc many countries each with ite indivi dual history, life and experiences, and cach confident of a great future. He expressed the opinion that 'nltimate, perfect" unity of the Empire rested not upon ̈ ̈ govern- ments but on the co-operation of various countries with each, other The Government has resigned with their sense of loyalty cach-to- after disa grecratat-in-the-Cabinst the other as comrades under the with regard to rood-building same King and as part of the same contract.

Empire

[THROCOR REUTER'S AGENCY.]

ATHENS, Feb. 3rd.

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Times & Prices

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EXCHANGE RATES.

[BRITISH WIRELESS SERVICE]

Paris Genev Berlin

Oslo.....

Helsingfors Athens Buenos Aires

New York Amsterdam Stockholm

Bucharest Bombay Brussels Milan Copenhagen Prague Lisbon

Roosy, Feb. 3rd.

124

25.32

20.13

18.20 103 3874 47.99.39

4.87.1/32 12.001

18.14

Vienna..... Madrid

34.575

38.503

702!

1/4

34.08

02.01

18.20

1041

2.11/32

3.99/39

1/11

2/02

2/01

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