1928-10-24 — Page 2

Page

JOHN HAIG & CO

Arming Kang duply

N HARKICH.

POLO LANG

SOUEUR BEATCK

The Whisky of Quality

from the oldest distillers in the world

Haig

426

THE FATHER OF ALL SCOTCH WHISKIES

SOLE AGENTS:

GANDE, PRICE & CO., LTD., HONG KONG.

秋

賣菓子春賣藥

春

Fruit finds a market.

in Autumn and drugs SPRING

AUTUMN in the Spring"

Avoid unpleasant drugs by the regular

use of HORLICK'S MALTED MILK.. "Horlick's will give you the strength and vigour at all seasons so that you may enjoy the fruits of Spring and the pleasure of perfect health the whole year round...

A most delightful drink; HORLICK'S MALTED MILK is readily prepared by the addition of bot or cold water.

WINTER HORLICKS MALTED MILK

AT ALL CHEMISTS & GROCERS

SUMMER

[193

Representative-Mr H. N. HODGES. PO Box 3711, Shanghai.

DAN YAN

PICKLE & SAUCE

You can take "Pan Yan" as often." as you like and as much as you like It aids digestion.

YOURE IN A FINE PICKLE!”

**

PAN YAN

At all good Storekeepers.

MACONOCHIE BROS., LTD. LONDON.

ENGLAND. -

Sole Agents:-

Drink

THE HONG KONG DAILY PRESS, WEDNESDAY, OCTOBER 24th, 1928.

Money and Markets

NATIONAL GOODS BANK IN CANTON.

CHINESE WOOLLEN AND COTTON TEXTILES.

Reports from Canton state that Owing to the greatly increased there is a movement there to estab-popularity of the "Chung Shan". lish a new financial institution to (modernised Chinese style) and be known as the Kwok Fo Bank foreign styles of clothing, the (National Goods Bank), the capital Ministry of Commerce and Industry of which is said to be fixed at fifty has issued a memorandom to the million dollars, The main object { various provincial governments. of this concern is to advance money giving details of the various woollen to farmers and to persoas contem. and cotton textile goods now being plating the establishment of new manufactured in China. At the same enterprises and industries. In other time the Ministry strongly urges words, the bank is to assist those the people to buy these home-made who are endeavouring to develop fabrics, which are officially declared home industries in China.

to be equal, if not superior" to those imported from foreign coun- tries. Some allowance must be made, of course, for patriotic exuberance in making this compari- son.

The Canton Government is re- ported to be in touch with leading men in commercial and financial eireles, discussing the drafting of a prospectus and an appeal for public subscriptions for shares. The Can ton Chamber of Commerce is said to have approached a number of leading men in local business circles, and as a result of these discussions it is hoped that each of the lend- ing branches of commercial business will undertake to subscribe for a block of shares in the new concern.

A telegram has been received from Mr. Chow Ting Fong, Chairman of the Canton General Chamber of Commerce, who is now in Shangani, reporting that feeling there is is strongly in favour of the" scheme, and that the public in the northern- vity are very anxious to take up shares in the proposed bank. Mr. Chow, in his message to his Canton colleagues, expresses the hope that there will be similar enthusiasm in the southern city.

COUNTERFEIT BANKNOTES.

Since the Central banknotes have again come into general use, the public have found these, notes of very great convenience in the trans- Betion от визилену. It has been tound, however, that the popularity of these holes has encouraged couri terfeiters to turn their attention to the production of imutation notes. These counterfeits are very cleverly made, and are calculated to deceive anyone who does not examine them very carefully. Special seals were recently adopted by the Finance Department for these Central bank- notes, but the wily torgers have tound a way imitate these seals which defies detection unless the notes are closely examined in strong sunlight or under a powerful electric lamp. The counterfeiters have secured a number of notes which were formerly current in Hunan, Kinngsi, and Kwangs, but are now worthless. They cleverly obliterate the seals on these notes and sub- stitute. Imitations of the seals now being used, and the job is done so neatly and cleverly as to be almost impossible of detection by the average person handling hank-

notes.

A number of these counterfeit netes have made their appearance in Canton, and the public are warn ed to exercise the greatest care in cotes. It is accepting Central feared that unless the Government takes prompt and efficient measures to deal with this fraud, a large number of people will find they have been swindled by accepting worthless netes.

**BLACK-FACED" SILVER

COINAGE.

|

"

THE SILK MARKET.

REPORTS FROM CANTON,

SHANGHALAND

JAPAN, "

Advices received by silk exporters in Hong Kong indicate that there is an increase of inquiries from America for November-December

11

supplies from the Orient. European advices report the Lyons market quiet but firm. Manafacturers are fairly well supplied with orders, but lack the confidence 'necessary for operating in. Futures The Milan market remains unchanged, with visible supplies of raw silk standing at more than one-half of last year's figures.

The Yokohama market developed considerable activity last week, ac- companied by a rise in prices all round. Stocks at Yokohama show

a total of 24,000 bales and at Kobe 6,550 bales, making a total of 31,450 bales, against 33,000 hales at the corresponding period last year.

The Canton market continues firm, with stocks reduced, the de mand from Europe and the United States being still brisk. Shanghai remains strong also, but business" in steam flatures is rather quiet. Tsatlee silks continue unchanged, while Tussah qualities have been in better demand, at rather firmaer prices.

JAPANESE TRADE WITH CHINA.

FLOUR, CEMENT, AND PIECE

GOODS.

Despite the anti-Japanese boy cott, there have been considerablu shipments of flour frem Japan to North and South China, according to a Japanese merchant in Hong Keng who is interested in this trade. For the first eight months of the year the export from Japan to China totalled some 3,508,000 bags, being roughly 50 per cent. in excess of the export for the corresponding period last year.

STAG'S HEAD.

BRITISH

LAGER BEER.

VERY LIGHT-NO PRESERVATIVES.

$19.50 per case

of

dozen 6

21

pints

Or $3.50 per dozen including duty, delivered to your residence.

STOCKED BY

PRINCIPAL HOTELS, CLUBS & DEALERS

Distributors-GILMAN & CO., LTD.

ARMY PLANS STOLEN.

BIG SPY ORGANISATION IN

POLAND.

U

HONG KONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

Ocтnasz 232, 1929.

K. Banka.......$1,335 boy., 1,330 m. Do., London...£1404 nom.. Chartered Banks bay. Mercantile banks, A. & B......‚£54 năm. 0...21st nom.

Lo..

The police have discovered widespread espionage organisation covering the whole of East Poland.. with headquarters at Baranowice.

Several hundred persons, have been arrested, chiefly among the White Russian

·P. & 0. Back #intelligentsia.' Although secrecy is being maintain.

East Asia Bank*****

$774 bay. There has also been considerable ed, it is understood that a large Canton Insurances ...9066 buy., 675 sel. activity in the Japanese cement number of military documents have Unica Lararances.......$300 buy.

North China las. *** Ila. 160 day. trade with China this year, the total been stolen export to the end of September A non-commissioned officer caught Yangtase insurance....... 159 nom. reaching 1.600.000 barrels. This in the act of stealing mobilisation. Ohina Underwaters buy. figure, is roughly three times the plans was tried by court-martial China Fire Insurances....$270 buy. Hong Kong Fire In.....$800 bei. total importation into China from and shot.

Douglas gan nom other countries, the balance, of the

H.K. Bimbosta $lug num. business to South Chinn being

HK

$1.50 Bel. shared by Indo-China and Italy,

Ludo-China (Pre£)....$1v1 bay, 4 sel, Discussing the anti-Japanese boy.

Do. (Def.) 372 Bay

tiny. cott in the South, a Japanese mer

118/- buy. chant, in Hong Kong said that although the agitators have talked a good deal about carrying on the campaign against Japanese good's

SUSPECT THAT COUGH!

ARREST LUNG TROUBLE BY BREATHING PEPS HEAL-

ING FUMES.

So common are coughs at this

Shell Transport Waterial.........

Benguet

323 by

Kailan Mining Aduin....71-200. Langkat. (combined)......The. Og nom.

Do. (single) „Tis. пош.

bay.

$41_30m.

37

Although financial and commercial circles in Canton have done their best to maintain the stability of the black subsidiary silver coinage, the fact remains that the public in general will not take kindly to the use of these coins. Nobody seems to have any confide enge in this "black currency, and it is everywhere scorufully rejected as though it were made only of brass.

A few days ago a number of Canton bankers, probably acting as result of recent rumours, sent several thousand dollars' worth of "black" silver coins to the Central Bank for conversion into. notes. Upon examination, however, it was found that a proportion of these GOLD STANDARD IN JAPAN. has rendered

contained practically more coins

silver at all, and the Central Bank consequently refused to accept, any of the bullion. The bankers were

to the bitter end." as a matter acason that they are apt to be

Even that harassing Shal, Explorations.Th. 2.80 baj. of fact the demand for Japanese neglected. piece-goods has shown some im cough which accompanies an ordinhanghai Lon provement during recent weeksary cold or chill can. seriously Bout.........

Mines ..........17/6 Rom. Negotiations now going on between weaken and inflame the bronchial Tronoh the Japanese Government and the tubes. There is also the deep, chest- H.K. & K Whert138 nom.

1.K. W. Docks ........... FL.K. & Nationalist Government at Nanking racking cough. that nothing seems

Providents ***.....$5.70 Bol

156 nom, are progressing favourably, accord able to move, which is a harbinger China ing to advices received in Hong of bronchitis, bronchial asthmes and Hongkow

New Engineering...................

'T'la 5p buy. Kong from Japan, and Japanese

bay. merchants here are hopeful of better

Bhanghai Dooks 1.106 trade in the near future.

no

Beer naturally very indignant, and strong-

Asahi

it is refreshing and

invigorating.

MITSUI BUSSAN KAISHA LTD.

HONG KONG

ly denounced the Government for refusing to accept its own coins in exchange for notes, but the Central Bank stood firm, and would not accept the silver currency.

As a result of this incident, con- iderable public inconvenience has been caused, and citizens find, when they go to make purchases, that they are unable to pass more than about one-tenth of the silver coins in their possession at their, face value,

The new 20-cent pieces are very seldom seen, for as soon as they were issued from the Mint they were packed in boxes, and sent to the various sub-prefectures for the relief of the monetary difficulties in those districts.

GOVERNMENT ACTION

AWAITED.

.......(TELOUGH BECTER'S AGENCY.]

tuberculosis.

4

$8.15 no

Bo... (new)....30. nom. Star Ferries.....167) bay. Ubins Lights (old).........$13.70 Bal

Do. (new)........18.30 buy.”" Do. (1928)...$13.20 buy. Electrica (5524 bay.,

(now)......301) BOUL

If you have a troublesome cough, or suspect any incipient chest BwoCations...... weakness, be sure and take Peps. Oriental Cottons Tis. 24 sel.

(old)...Ta 531 This famous breatheable medicine. Cotton

Do, (new)... T. 27 bay, &a. obsolete the old method of treating chest and lung H.K. & N. Hotels..... 8.90 022.

$67 nom. R.K. Lands troubles by swallowing drugladen

Lads...

Tis. 13B bay. mixtures into the stomach.

Humphreye Estates.. .$15.70 buy/ You simply strip off the silver H.K. Read preserving jacket and let a Pepa K. Tramways..$221 bay, 22.65 mel. tablet dissolve in the mouth, when Peak Trams (old)

$13 buy it gives off healing, germicidal and These chest-strengthening fumes. TOKYO, October 23rd. Peps fames are breathed naturally Following the joint recommenda- through throat and bronchi into tion of the Tokyo and Osaka' clear- the furthermost recesses of the ing houses for an immediate or lungs. Teps soothe and disinfect HK. early restoration of the gold stand-the throat, banish coughs and colds, ard, it is hoped that the Govern free the breathing, strengthen Macao Electrics36 buy ment will take an early opportunity weak chests and, by bealing the de-Telephone. to indicate its gold policy, and for licate lining of the air tubes, they this reason the Finance Minister's fortify the system against flu, speech at the general meeting of the pleurisy and pneumonia

Pepa, which contain no harmful Bankers of Western Japan at Osaka on November 13th is awaited with drug, are safe for children and Meanwhile it in adults. In handy sealed bottles of keneral interest.

enclosed. generally believed here that there is all dispensaries and dealers. Full Agents - no likelihood of any immediate directions

P.O. Box 338, Hong Kong..

action on the part of the Govern Messrs A. B. Moulder & Co., Ltd.,

ment,

Do.

Do. rights .....$3.30. China Buses an Singapore Tractions

Why not have the

"cooling comfort

of a Westinghouse Electric

Fan?

Reiss, Massey & Co., Ltd.

Sole Distributors

FOR HONG KONG AND

BOUTH CHINA.

Westinghouse

Cements (combined)......19.80. buy. (old)$8.20 nom.

Do Da. (new) H.K. Ropes (old).....

.Do, United Asbestos

(197)

Dairy Farma Watsons

Der A Wings...... Laas Crawfords......

Mackintoshs Bincères..

$13 buy,

$7.60 now. $7.55 nom.

5 nom, $221. buy., 22.80 sa. ......$14 bay.

30,50 nom. #3.05 buy.

$20 nom

371 $74 buy. cam rights 83.50.rmy, zrights Tin íl bay.

$94 bay. Wa. Powells....

33.56 bay. Do. (Prof.), 18/9 a. 18/buy., 19/

B.K. Amusements 1291 bay, 80 mol. HLK, Constructiona......bit boy, B'que. Indan. G.Bool...04% bay, H.K. Gort, Loans.........8% prem, bur. bay-buyers; sel-sellers; sa-zalor;

nom--namisak.

Malabon Bugars$19 bay. China Sugarma Canton Ices (Continued et foot of nett column.).

..$3) nom.