1928-11-05 — Page 2

Page

JOE HAIG

Coming Home & Dat

BOLD LAND

LABUR CO

The Whisky of Quality

from the oldest distillers in the world

Haiq

THE FATKEN OF ALL SCOTCH WHISKIES

SOLE AGENTS

GANDE, PRICE & CO., LTD.,

HONG KONG.

Sore Throat?

At the first sign of Sore Throat take a few Formamint tablets. Formamint destroys the dangerous germs in mouth and throat and so cures Sore Throat. Let your children suck Formamint too, so that they will not catch" other children's infectious diseases.・・

FORMAMINT

The Giem-Killing Throat Tablea

The MAN

who knows the climate

knows the need for

Calvert's

20% CARBOLIĆ

Medical Soap

KUBBLIC

F183

that powerful antiseptic soap always

reliable in strength and quality.

Sold by local dealers and bazaars.

See that our name and trade mark

are on the box you buy, as inferior

imitations are sometimes offered.

ACIDY

(MANCHESTER

AND.

Have a

a glass of ASAHI BEER

́11 cheer, & invigorates

F. C. Calret & Co., Manchester, England,

Sole Agents

MITSUI BUSSAN KAISHA LTD.

HONG KONG

THE HONG KONG DAILY PRESS, MONDAY, NOVEMBER 5th, 1928.

Money and Markets

UNCLAIMED

BALANCES.

TRANSFERS TO THE

TREASURY.

HONG KONG IMPORTS.

MARKETS QUIET ALL ROUND.

The Fortnightly Price Current and Market Report issued on Satur- day by the Hong Kong General PROPOSED CHANGES IN THE | Chamber of Commerce states:-

ORDINANCE.

At the next meeting of the Legis lative Council it is proposed to introduce an ordinance to con- solidate and amend the law with respect to unclaimed, balances. The objects and reasons of the new men- sure, which will take the place of the Unclaimed Balances Ordinance of 1885, state :~~-~

1.The Unclaimed Balances Or. dinance, 1885, provided for the transfer to the general revenue of the Colony of the following:-

(a) All sume of money, which, at the passing of the Ordinance, had remained unclaimed in the Treasury for a period of¦ at least five years. (b) All sums of money, other than balances of an intestate cetate, which after the passing of the Ordinance should remain un- claimed in the Treasury för at least five years: for this an order ander the hand of the Governor was required."

ן:

(F) Under certain conditions,

funds of an intestate estate.

COTTON PIECE GOODS AND FANCY COTTON Goods.The following re- ports have been received:-Market very quiet. There has been some enquiry for white shirtings but Man- very little business doing. chester prices are fairly steady.

Nothing to report, market vers quiet. Deliveries continue satis factory. The raw material has been steady with an upward tendency

WOOLLENS.-Small business being. 'done in wool venetians, woollen ruge und scarlet blankets,"

Market values for woollens in general have declined and dealers are finding it difficult to obtain margins. Clearances have been fairly satisfactory but the demand from Kwangsi has fallen off.

COTTON YARN.-Since our last re- port, market has ruled quiet, but prices are unchanged. Nominal quotations are follows:-No, 10 at $170 to 8190, No. 12s at $180 to 8195, No. 169 at 195 to 3200, No. 20s at $200 to $205. Arrivals nik shipments nil, sales nil, unsold stacks 1,400 bales, bargaina 6,400 balos.

RAW Corros. No business to re- port.

METALS.-Stocks heavier; prices dropped since last report,

FLOUR REPORT.-Stock American,

(d) Under certain conditions,280,000 bags; Canadian, 30,000 bags;

sums of money, other than balances from до intestate estate, which remained un- claimed in the Supreme Court.

Australian, 60,000 bags; Shanghai, 10,000 bags-Total 430,000. baga.

SUNDRIES-Market: Fair, but de- maad is slow.

2.-To enable sums under class CDUCTS-Market dull, nothing doing. (the balances of intestate estates) To bo transferred certain conditions were necessary :---

(a) Administration

must have

CHINA, INDIA AND STRAITS FRO-.

Java SEGAR.-Reported sales: Rough White, 58,628 piculs, spot; 67,980 picule to arrive during October, November, December, 1828, Fine White, 3,372 piculs, spot; January, February, March, 1929; Rough Brown, 26,913 piculs apot. 36,465 piculs to arrive" during October, November, December, 1928, (b) The next of kin must be un-January, February, March, 1920

known to him:

been undertaken by the official administrator or the property of the deceased taken posses sión of by him:

Molasses, 39,481 picuia; Crystal

(c) Where the funds amounted to No. 24, 68,800 picals; Crystal No. 30 or upwards (see Ordin-18, 32,800 piculs; Soft White, 1,300 Ance 1 of 1885, s. 4) advertise- piculs; Brown, 14,100; Ilcile No. 1, meat must have been publish- 900 piculs; Iloilo No. 2, 1,000

Candy, ed in the Colony, and if pos-picula; Singapore sible in the mother country piouls.

SALTPETRE, NO. 1.-Market. im- proving.

of the deceased. The adver tisements were to be published after one year had "clapsed from the death of the deceas ed, and were to state that the funds remaining from the estate would be transferred to the general revenue if no claim were made within five yenre from the death of the deceased:

(d) To transfer the funds to the general revenue an order of the Göverhor was, by section 5 of Ordinance 1 of 1885, re- quired, and to enable such order to be made a certificate had to be furnished by the official administrator showing that advertisements had been made and that no claim could be reasonably expected against- the estate.

3-No provisions were made to meet the cases in which, the neces sary advertisements had not been made nor where administration had not been obtained until five yeara bad expired since the death of the intestate.

4-Cases have arisen in which these events have happened and there would appear to be no machi- nery whereby due advertisement can now be made and the money (it unclaimed) be transferred to the general revenue of the Colony.

6.The object of the present bill

is to meet these difficulties.

6. The bill will enable the follow- ing to be done:-

(a) All moneys which have re- mained unclaimed for at least five years in the Treasury or in the accounts of the Govern- ment or of any officer thereof to be at once transferred to the general revenue of the Colony. (Clause 2).

(b) All moneys, other than bal-

ances of inteatute

estate, which have remained unclaim. ed for five years to be trans-- ferred to the general revenue of the Colony.

This will now be done by order of the: Governor under the band of the Colonial Bedre- tary, as it is not considered necessary that the Governor should personally sign such order. The order" and any conditions attached thereto will be published in the Gazette. (Clause 3).

(c) By clause 4 the ocial ad- ministrator, if the next of kin are not known to him, to cause advertisement to be published in the Colony and, if he considers it desirable, also in suy place where it appears probable that persone entitled to share in the re- sidue of the estate may be found.

(Continued on next Column).

500

This gets rid of the term "mother country" and sub- stitutes for it the place where the advertisement is mcat likely to be effective."

The period allowed for the claim is five years from the date of the advertisement. (d) The official administrator is by clause 5 to pay anclaimed balances either into the Trea- sury or under the direction of the Treasurer into aÐ ̧RC- count of the Government at a named bank.

FINDLATER'S

DRY

GIN

Doubly rectified and established 'as firm favourite in many of the leading Clubs of the World.

FINDLATERS

GIN

DRY PLATER MACKIE TODD

• Andiater's Corner

LONDON

FINDLATER'S

DRY" GIN

is the Cocktail Gin

Stocked by the Principal

Hotels and Clubs.

Distributors-GILMAN & CO., LTD..

HONG KONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

NOTENZER 3RD, 1928.

..$1,340 L

BL Banks...

Do •London...£14!nom. Chartered Banks £22 buy. Karcantile Banks, 4. &B...234 nom.

Do..

O...£14) nom. Banks P.&O.E

............ nom... East Asia Banks 3774 bay. Uanton Ingarange....616 sel. Union Insurances...$382, bay., 365 sal. North China In... Tl. 160 bay. The Governor has power to Yangtare Lazurances.....M. $50 nom.

direct such sums to be trans-

China Underwriters

sel.

ferred to the general revenue į Öhins Fire Lusurances can buy..

of the Colony but in the case Hong Kong Fire Ins....$800 sol.. of a balance amounting to Douglas $100 or upwards this power K can only be exercised on pro- ELK

duction of a certificate by the ** -

official administrator that the advertisements required have been published and that five years bare clapsed since such advertisements and that no further claim can reasonably be expected.

(e) Provision is made by clause 6 for interest to be added to the principal.

This clause does not apply if the balance be less than une baindred dollare.

() Provision is made by clause

..$381 nom... 1281 Hom. ..$1,64 nom.

bay. $72 buy. 118/- noz $29 buy. 32 bay.

Tí i nozá.

(Prel) Do. (Def.) Shell Transporta Waterboats.... Beignets.......... Kailan Mining Admin....71 buy. Langkats (combiied)..

Do. (ing). B's Explorations Shanghed Loane

Barbs... Pension

Mines Tronch

E. & K. Wha HK & W. Bock

Ths. 4.8) buy. Tb. 8 buy. ..1640 buy. .17/8 nom. ...$138) nom. $37.nom,

China Providents...... $5.30 Bom Hengkews ........

156 nom. buy. ....Tis, 106 buy.

Th

69

THE

ROM..

for the transfer to general New Engineering......Tl, revenue of unclaimed bal-Shanghai Dooks, .............. ances, other than those of in- Bwo Cottonseedtorveni Tl, 111⁄2 buy: testate estates, remaining in Orienta! Cottons T, 2.45 the Supreme Court for five 8'hai. Uotions (old).....'11. 59 buy.. Do. (new) 33 buy, years or longer, and the

39 LB. 9.15 $9 bay Court is empowered to require HK. & S. Hotel....

al.,9.10/15. notice to such parties as it

H.K. Lands

193 buy, may think 5t (1) Provisions

inade by Shanghai Land

Humphreys Estates......$15.70 nozi. clauses 8, and 10 for the re-

HE. Realtiesa este 18.85 BOM. funding of sums of money. Tramways ....../$21.80 bay, & transferred to the general re-

21.95 sel. venue of the Colony; and the Park Trams (cid)

.........313 bay. Governor in Council has Be (157) $6.80 cm. power to catertain moralar Forries foun

871 claims respecting the same thins Idghts (Old.....$18.45 bay.. and also legal or equitable

вте

Do

nom;

(HAW) 13.30 nom.

Do. (1928 Issia) ...$13.20 baý, de ms. less than one hundred dollars. FK, Electries (id) ...... 1 $51.80 buy,

claims where the amount is

Any payment under any

order made by the Governor

Do.

in Council is a bar to the ex- Macao Electrics ..$36. day.

tent of such payment in any Telephones $7.30 biy.cum righta

Da, subsequent claim against the

Crown. (Clause 11),

ما

...461 4), z rights

(4) Claues 19 makes any payment Ubins Buteli..... 11- buy. under this Ordinance charge- Singapore Tractions 12. nom. able to general; revenue.

(1) Clause 13 repeats the proviso to section 25 of Ordinance of 1897 for the reason that the periods mentioned in the Un- olaimed Balances Ordinance, 1885, 2.0, in sections 4, 5 and 8. of that Ordinance dis- appear with the repeal of that Ordinance.

Do. (PreLJ,18/3 bay, 19/3 sel Chins Sugars and 31 nom. Halabong 20 bay. Gautan Ices.................18) nom.

......19.80 nom. Clements (ormhined).......

Do. (alli ..... 1990 n

HK. Ropes

********* 12.00 20x Do, (***).......................37,55 nom: } (Continued at foot of niet volume.)

DANCING TILL 1 A.M. BY SPECIAL PERMISSION. SATURDAY, NOVELBER 10th.

CARNIVAL DINNER

DANSANT

AT

THE ST. FRANCIS HOTEL

Latest Music, Confetti, Balloons, Crackers, etc.,

and a Dinner that you will enjoy.

Make Your Reservations Early, Phone C. 5134.

COLGATE'S

RIBBON DENTAL CREAM

DELICIOUS ANTISEPTIC

ECONOMICAL

COLGATE'S

CANNOT ROLL DEP

THE BRUSH

RIBBON DENTAL CREAM

OBTAINABLE AT ALL STORES

SOLE AGÍTI

HONG KONG TRADING CO., LTD.

United Asbestos v.35 nom.

.314) buy.

$0,50 max.

$3.05 buy.

120

Dairy Farm $22.90 bay, ES} #el, Wataona »difiestan Det & Wings - vien Lace Orawford.. Mackintosh Binderbedie Podmi

H.E

39) buy,

-...$28) sol, HLE. Constructions 1 buy. B'que. Indus. GBonds...851% Lay.

bay,-bayers; sol-adfluruz. an-zálastj

nom-nommal,

HIMKOD 8 Asthma Cure givapinstant re-

lief from, Ca tarth, Asthis, Coldy The

standard reme dy for ofte Šu

di att chemists.

Himrod's

ASTHMA CURE