1928-09-10 — Page 2

Page

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THE HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 10th, 1928.

IMPERIAL AIRWAYS

PROSPECTS.

TWICE A WEEK TO INDIA.

RAPID DEVELOPMENT.

(THRODOM, BEUTZE'S AGENCY. [J

LONDON, Sept. 7th.

The part being played by the Im. perial Airways,. Limited, ia estab lishing air routes throughout the Empire was stressed at the annual general meeting held in London to. day.

EVACUATION OF THE RHINELAND.

HEAR MUELLER'S CONVERSA- TIONS.

LITTLE CHANCE OF SUCCESS.

[THKOVON REUTER'S AGENCY.]

།

GENEVA, Sept. 7th. The German Chancellor, Horr Mdeller, who heads the German League of delegation to the Nations Assembly in the absence of Dr. Stresemann, and whose conversations with M. Briand, on the subject of the evacuation of the Rhineland have been arousing auch interest, made his maiden speech at tho League Asstmbly tsy.

Sir Eric, Geddes, who presided. announced his resignation from the chairmanship of the Company, stat ing that he did so with regret, though it was very desirable that he should give his undivided atten- tion to the Dunlop organisation. He dwelt briefy on the subject now that the Imperial Airways was of the Kellogg Pact for the renun- sat on a straight course with fair ciation of war, and welcomed its weather ahead.

conclusion, but declared that Ger. anxious for practical results in disarmament prospects.

He agreed that it seemed to-day that the prospects of disarmament evere much more hopeful than for come time past, and be declared, amid applause, that the disarma ment of Germany should be follow- ed by other nations as provided in the Treaty of Versailles.

The Company's net profit for last was year, he said, was £72,367 and the Directors recommended a dividend of five per cent., the first dividend that the Company had paid.

Sir Eric Geddes said that the weekly Cairo-Basra service was the outstanding "success of the Board, which had sucessfully "urged the Government to support the other links necessary to complete the Em pire air communication routes.

Service To India, One of the main features of the new agreement which has been reached, provides for the establish- ment of a new weekly service be. tween England and India.

The Company expects rapid development of this service, and it was intended that it should become a bi-weekly service immediately the amount of trafic justified the ven-

ture.

[1

Provision has also made for the ransfer to the Imperial Airways or favourable terms of two large three-engined all-metal flying boats, Sir Eric mentioned that the sub sidies earnable by the Company commencing from April 1st, 1999 would eventually reach £2,500,000 compared with C500,000 received up to the present date.

The Rhineland. Beuter's Berlin correspondent states that well-informed Berlin, not believe that the circles do problem of the evacuation of the will be solved at Khineland Geneva, for it is already evident that the German and French view- points are irreconcilable.

The German Government main- tains that Germany is entitled to demand immediate cracuation of the area by virtue of Article 431 of the Treaty of Versailles.

It is also urged that the French attitude is wrong since the ques tion of the evacuation has nothing whatever to do with the settle- ment of reparation problems or the question of inter-Allied. debts

Another Seven Years?

In view of the position which has arisen at Geners it would not be surprising if Herr Muelier, next The remaining part of the sum mentioned would be earned by the week, seeing the futility of con- existing agreements if the Continuing the discussions with M. pany found suficient support in Briand, returns to Berlin and re- ports the result of his parleys to its early years.

the Government.

New Routes.

In that event, he must report Air routes from London to the that judging by her present stand, Cape and from London to Australis France docs not intend to evacuate were easy of accomplishment for the Rhineland, and that conse. commercial purposes, and the Com-quently, Germany must be pre- pany had in mind schemes" for these pared to submit under protest to the occupation continuing for

Many Nations,

routes.

An extraordinary general meet ing of the Company afterwards, other seven years. agreed to alterations in the Articles of Association to permit the rati- fication of the agreement with the Government, and also to prevent the shares of the company coming within foreign influence and con- trol.

Paris, it will be recalled, has taken up the attitude that Ger. many should not confine her atten- tions to France in submitting pro- poeals for the evacuation. The problem concerns the other occupy- ing Powers and an agreement must Under the new agreement mez-be reached between them before tioned by. Sir Eric Geddes, the the matter can be seriously die Company are asked to issue to the cussed. Secretary of State for Air 25,000 deferred shares of £1 each, credited Le fully paid::

Government Shares,

During the period of the agree ment these shares would have no dividend rights until after the ordinary shareholders had received

The British attitude in some Britain sym- respects is similar. pathises with the German demands, but points out that evacuation before the time limit expires can only be arranged between Ger- many and the whole of the occupy- ten per cent. on paid up capital.ing Powers. All would have to be After the expiry of the new agree consulted before anything could bo ment the deferred shares were to done. be entitled to one haif of the pro fits available for distribution in excess of the gum representing ten per cent. on the ordinary paid up capital.

Shareholders were also asked to ratify further alterations to the Articles of Association designed to preclude any possibility of foreign interest or control. The necessary resolutions were carried unanimous ly.

Australian Mails,

CANBERRA, Sept. 7th. The Government has accepted the tender of the Australian Airways for a regular air-mail service be- tween Perth and Adelaide, to be worked in conjunction with inward and outward British finers.

OPIUM SUPPRESSION.

CHINA EAGER TO HELP. (TEROUGH RENTER'S Agency. I'

GENEVA, Sept. 7th. Mr. Wang King Ky, speaking at n luncheon given to the interna- tional Press, announced that China supported the British proposal for an opium enquiry in the Far East, en condition that this was extended to derivatives of opium and that there was a Chinese delegate op the Commission of Enquiry.

He added that China had two things at heart, namely, her re- election to a seat on the League

The service will result in the sav-Council, and the abolition of un- ing of two days on the Sydney equal treaties. mails.

J

KAISER RECOVERS HIS FARMS.

A TEST CASE.

(THROUGH EBUTRE'S ADENSY,1

WINDHOEK, Sept. 7th

The ex-K's application to recover certain properties confiscat ed in 1920 by the Union Govern- ment has succeeded..

The property consists of only two farms of comparatively little value, but the case is important as it is understood that the success in the proceedings will be followed by similar applications from other countries, notably Poland.

Judge Grindley Ferris, in giving judgment, held that Section 257 of the Treaty of Versailles, by virtue of which the property was confis caled, only referred to actual rul"

OUND VOLUMES of the BONGKONGWEEKLY avere one for PRESS, January to June, 1998..

WITH INDEX, PEICE-87.50.

Tel: 0:3517: On Sale at the HONG KONG DAILY

PRESS OFFICE.

The Government was therefore interdicted from disposing...of the property, and the Registrar of Deeds has been ordered to restore the name of the Royal House at the owners of the farms,

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CLOSING QUOTATIONS.

SEZTEMEZZ ETH, 1998. A.K. Banka...........$1,295 bay. London... 21:38, nom. Do Chartered Banks bay. Merantile Banks, A. &B...£36 nom..

SHANGHAI HONGKONG

Kallan Mining Admin....65/. nom. Langkata(combined)...... Tie. 94. sol.

Bo

(single)..............Tle, b sel."

Tix 2.45 nom. S'hat. Explorations Shanghai Loans T. 34 nom Babi ......$41 buy. Tronoh Mines.....17/6 nom. H.K. & K. Whart.......$138 nom.

$37 nom E.K&W. Dooks

...$6.70 bay.

Tim. 166. now,

Chin Providents Hongkow

EXCHANGE RATES.

(BRITISH WIELLES BERVICE]

Ruger, Sept 8th.

124.23

24.90 12.10

20.38 "18.19

34.421

1991****** -107

: 5.57/64 47.11/32 4.85.5/32 95.20 -92.TO

非

P. & O. Banks Fast

Ewo Cattons....... Tls, 9,10 buy.

Stockholm

18.13

·Oslo. Prague Madrid: Athens Bucharest Bombay

18.10 1634 29.201 274

Lisbon Rio.... Buenos Aires New York Genera Milan

Yokohama

Shanghai

Hong Bonk Filterpet Silver (forward)

Fat Ad Banku

0.2214) COM.

EDO

bay

Insurances Su 1690 buy, 7CD sal. Oriental Cottons .......... Canton Union Insuranc *****.1368 buy, & m'hai. Cottons (olā)

Day (DIT)....... 21 North Chins Ina, T. 146 burg. &8. Hotel ....

Yangiare Insur

15. $50 nom

Chizm Underwriters won kubo pom.

China Fire Insurances...$285 buy. Hong Kong Firs in...... 1800 1. Dongles....48 0. 799 HK Bteamboatsmine 28) buy, 1/5.31/39 HK.Togt .....................

...% noxa. 1/10.23/32 | Indo-Chinsa (Pret) m...$33 buy, 2/7t

Dó ((Dal) 721 buy. 'Shall Paasparta

110/- nom.

$2.15

New Engraverings.........Th, 5 nom. Shanghai

TL 100 nom.

T. 1.40 bay. Fl. 51 mom. nom. $3,80 buy. 366) bay.

3 buy, $15 buy.. „$7) nom. $24.90 DOM

$13 bay:: 38.85 nume

ELE. Lands Bhanghai Janda Humphreys Estates,. H.K. Realtim B.K, Traurways Peak Trams (old)

Stay Ferries Ukins Lights (old)

13644 buy.

$12.40 cl. $12 by 191k

Do. (1928 Irus)$12 buy

H.K. Electrics (d) ...$52 bay, 52) sol·

Do.:

(now)......350) bay. Macko Electrica...203 buy,

sel.

Telephones......$6.30 bay, China Buses....... T. II buy. Singapore Trections......12/ nom

Do. (Prof.)17/8 buy., 18/5 sal Chins Bugera dianali Malaben Bugars 817 nom.

53) sel

bay. Cements (combined)......49.65.

Do (old). w... 7) buy. Do. (1) $1 tom

Canton

Icas

$8.35 no ELK. Bopas (old).

Do.

PA30 Bord (new)... United Asbestos tantur.$5 sali

Farms$22,35, buy- 27.35/40

Dairy

Watsons Der A Wings Lans Crawford

Mackintoshs,

Powells.

HK. Adoam H.K. Constrog B'que. Indas G HK. Gort. LoaDS

hur boyer; "nol-

ком bay

100 ΠΟΣΣ

9 bay.

881 bay:

1261 bay,

1.36 buy.

64% buy.

Mi:8% prem, buy..