Money and Markets.
HONG KONG MARKET
REPORTS.
Quotations at resterday's loca! market for rice and other foodstuffs
were as follows:-
Rico.
Ching Sheung Chier
Red Seal. White
Hung Lung Moon, Un.
glutinous
Hung Kum Ou, Unglutinous Red Seal. Pokmei.
White Bran. Big Bag
Red Sen, Glutinous Broken
Red Seal, Glutinous
No. 1 Glutinous Granulated
Hung Muk Keng
Wu Muk Keng
Black Seal, Broken
Green Seal, No. 1 Granulated Ching Sheung Tat
Green Seal, White Broken... Black Seal, White Bran
Miscellaneous.
No. 24. Course Granulated
Sugar Groundnut Oil, Fangtze .... Nutmeg
RUBBER.
PRICES VERY STEADY.
Mesars Pentraith & Co. bare
THE HONG KONG DAILY PRESS. FRIDAY, MAY 3, 1929.
SUPPLEMENTARY ESTIMATES.
FIREMEN'S GAS MASKS: NEW
MOTOR ROAD, ETC.
The supplementary estimates of the Finance Committee werd 4p- proved at yesterday's meeting of the Legislative Council. A pension was granted to the widow of the Inte Sergeant Glendinning of 252
per
BANK ORDINANCE.
MR. WE. L. SHENTON'S AMENDMENTS.
A number of amendments to the Hong Kong & Shanghai Banking Corporation Ordinance were pro posed by the Hon. Mr. W. E. L Shenton and seconded by the Hon kindly forwarded us the following
Mr. A. C. Hynes at yesterday's letter dated April 3, from Mera
raceting of the Legislative Council. The Amendments effected by the Hornby Hemelryk & Co., Liverpool.
annum. No provision was Owing to the holidays, the Lon- don market has been quiet during the made in the 1998 estimates, which body of this Bill and by the Re pitul week under review, but prices have, were passed before the grant was gulations in the Schedule are ex- 87.19 kept very steady, and on balance awarded. The Crown Agents had plained by the objects and reasons
6.96 they are a little higher than those
ruling a week ago, Spot and April paid the pension through the Com-attached to the Bill and by the two being enquired for at 11d., monwealth Government of Austra-Tables of Correspondence which 7.02 April/June 11d., July/September 5.39 112d, October/December 19, Jan 312uary/March 121d., January/Decem 7,50, ber (1930) 123d..
Pez
6.86
8.20
5.91
2.58
5.AN
6.13 1.90
lia for the year 1987-8.
A sum of 8500 was approved for the purchase of two sets of Peroxide" gas masks, in place of the Ori Nasal masks, for the fire brigade. The vote providing for $500 in the 1923 estimates for the purchase of the latter monaks will hus lapse.
4
follow the objects and reasons,
Objects of the Bill. Broadly speaking, the objects of the Bill are:-
(a) To incorporate the Bank for aa unlimited period instead of as hitherto for limited periods of years at a time.
First hand owners of gubber are completely out of the market at these levels, and the only rabber offered is small quantities of rear positions by outsiders who are tak 3.66|ing advantage of the low premiums Peak Hospital Wiring.
now prevailing to transfer their
(b) To make the Bill and Regula Owing to its dangerous conditien, commitments to distant deliveries.
Stocks: Loadon 29,077 tons (in-old electric wiring at the Peat tions, after they become law, bind- crease of 421 tons): Liverpool 4433 Hospital is to be renewed, sad uing on third parties as well as on tons (increase of 100 tone).
supplementary grant of $2,200 for the Bank and on shareholders. The market has hardly had time this purpose was approved.
(c) To enlarge, by means of the 8 7.35
29.50 to settle down since the holidays,
The Council approved a supple-combined effect of clause 5 (1) of 1990 but it would appear that the mentary vote requested by the the Bill and of Regulation 3 in 8.40 iquidation which has been taking Finance Committee for drainage the Schedule, the business which 8.60 place in the East and in New York sebemes at new sites and in the may be lawfully carried on by the 17.00 has finished, leaving the market vicinity. In the draft estimates of Bank.
in a much healthier condition.
the P.W.D. for 1929, a sum of The market in options has been 850,000 was requested to meet the
Dealers 23.00 neglected.
cost of drainage works, during the ticent sellers.
current year but this was reduced Our New York correspondents by the Estimates Committed to cabled last night that liquidation $30,000. appears ended.
A considerable CANTON MARKET REPORTS, short interest has been established. favourable weather Unusualy should stimulate sales of tyres and maintain a high rate of consump
Green Bean, Sunsheng
Black Bean
White Sesame
Canned Awabi
Green Ten. Mochim
-Red Melon Seeds
-FLOUR.
13.00 $29.00
The rate of exchange for. Hong Kong money is still high and prices of foreign four have continued to rise with the result that business is dull. This has greatly affected the market in Hong Kong where four has been overstocked. Latest quota tions are as follows:-
Foreign Gunboat
Per
tion.
are very every one
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS,
MAT 2. 1929. HK. Banks.......$1,900 buy,, 1,210 sel.
Do., Landas...2184 num, Chartered Bank ......£lit buy.
Mercantile Banks, A. &B...£33 nom.
Do..
som.
Bag
$1,06
Cablage
4.32
P.&O. Banksi
Pat Kwai
4.01
East Asia Banka...$90% nom,
Lou Lio
Cantor Insurances
4.04
...3695 bay.
Fa Ngun Yun
Daica InsuraLLCEN
4.05
North Chi
Kwan Ying
3.97
Gorth China Ins
Five Swallows,
4.15
4.01
4.01
Red Leaf
Banara
-Golden Ox
Big Carpon
Red Casket
$358 7. T. 160 bay. Yangtare Insurances...... M. $50 nom. China Underwriters...$220 buy 2.30 sel. Obina Fire Insurances.... $295
bay. B.K. Fire Ina.
...$7ek bay.
4.00 Dougisses ****************36 4.30 ELK. Steamboats......263 bay. 3.95 HK. Tag...
$2.00 num,
Claymore
1.04
Dog's Head
4:15
Pine & Stork
4.00
Double Flags
3.4
Kung Wo
BEANS.
Indo-Chinas (Pref.) ..............$40 nom.
Da. (Del.)....870 nom. Shell Transporta........9 nom, Union Waterboaia....$29 nom.
Th. 74 nom. T. 2.90 sel Tis. $1 no.
เ
4.00 Banguote..........$21 buy.
Kailan Mining Adus....66/3 nom. Langsta (combined)......Th. 14 nom.
Do (single) Bha. Explorations Shanghaa Loans The beans market has been fair
Baub
$6.65 110m .17/8 nord. with the exception "of the black: Tronoh Mines
H.K. & K. Wharis..... $2294. hean. Quotations are as follows:---
H.K. & W. Dooks.........$36 Bel. Soy Bean, Chu Wong
China Providents $4.35 buy, ......... 8 9.98 Soy Bean, Lin Wong
10.00 Honglow mano mwen, Tla. 178 nom. 1.30 buy. No Engineerings.....The. 10.50 Shanghai Docksi 17 now. 10.10 Ewa Cottons... ......The. 13.40 buy.
8.45 Oriental Cottons......... Tls. x bay, .9.95 Shi. Cottons (old)......FL. 72 sel
(new)......The. 11.20
Soy Bean, Choy Chu Wong 10.10 Soy Bean, Saisheng
White Bean
Black Bean
Green Bean
Scarlet Bean
Do.
Bands
33 nom.'
H.K. & S. Hotel 18.6, bay. B.K. Inds
suit nom.
Tl. 143.com. Shanghai
$8.35 nom.
CANTON STOCK EXCHANGE. mphreys Estatos...$14.35 nom.
CLOSING QUOTATIONS,
Power
Canton-Hankow Railway
H.K. Realtiou vá
ELK. Tramways
..$181 BEL
Peak Trama (old)... ...slig buy.
Do. Star Ferries....
Chias Lights
(new) ......$5.30 now.
13c61ba7, 67 sel, 674/4. $13, buy. _856 Loy, & L ..$162.nom.
3.00 H.K. Electrica.....
4.00 Macao Electrice....
CANTON, May 1.
Water Works
Electric Light
The Sun Company
Sincere Company......
Canton Tramways
China Merchants'
Navigation Co.
Nanyang Bros. Tob. Ce...
Central Bank of China
2.70
Steam
49.00 48.00
Do.
Owing to improved conditions this sum has proved inadequate There will be a saving on this year's Estimates on the vote for the Sai Ying Pun new market from which this sum can be met as, owing to shortage of staff in the Architectual Department, it will not be possible to expend the full amount voted for the market this year.
い
To Connect May Road And Garden
Road.
Regulation 3 is based not merely upon modern British precedents relating to banking companies but also upon local conditions prevail- ing in the Far East.
(d) To secure increased powers based upon sections 41 and 45 of the Englisir Companies Act, 1908. with regard to the alteration and
organisation chpital.
of the Bank's
(e) To omit certain provisions of of 1888 relating Ordinance No.
line with modern precedents ap- pearing in Palmer on Companies, instead of continuing the somewhat out-of-date language on the present Deed of Settlement.
to the Bank which are considered either impracticable or unnecessary. (f) To substitute the Regulations in the Schedule of the Bill for the articles of the present Deed of In order to provide proper facili- Settlement of the Bank, so as to ties for motor vehicles to reach Maybring such Regulations into line Road, a proposed motor road has been planned to connect this leve to Garden Road (at the junction of Bowen Road) by a route approxi- mately on the line of the existing The total Magazine Gap Road. cost is estimated at $108,000.
The scheme had been approved by the Public Works Committee and vote to the council approved a cover this year's expenditure. The balance will be included in the 1930 Draft Estimates. The amount to be expended this year represents the balance of the anvings effected by the abandonment of the proposed motor road to Mountain Lodge
Training of Marine Surveyors. The Council approved, a vote of $11.562, additional to the estimates for travelling expenses and sub- sistence allowances, for varying periods at 840 per month, for Assistant Government Marine Sur veyors undergoing training in Eng
land.
When the estimates were first pre- pared, it was anticipated that only two men would be in training at a cost of 87,200 in 1929, but there are now five, and their travelling expenses and subsistence allowances total 818,782.
TORPEDOES £1,000 EACH.
HOW AN ADMIRALTY LOSS OF £34,548 IS ACCOUNTED FOR
]
(g) To make the language of the Regulations correspond with either the present practice of the Bank, or the present requirement of the Bank,
S.0.5. FOR-CAPTIVE'S- MOTHER.
BROADCAST APPEAL.
HELD TO RANSOM BY BANDITS.
An S.O.S. which was described by a British Broadcasting Corporation official as the strangest, that has been broadcast from London" was announced from 2 LO." last month ez follows:
John
"Mr.
Wilmot Reid, a Scottish Canadian farmer, has been kidnapped by bandits is Mexico, and is being held to ransom there
GALA CONCERT.""
ITALIAN OPERA COMPANY,
SUNDAY AT STAR.
Lovers of music who visit the Star Theatre on Sunday at 9.15,
p.m.
aro promised a treat.
The
principal artists of the Italian Grand Opera Company will give a gala concert, the programme of which is as follows:-
Programme. 1-"Andrea Chenier '
Signor Frera. 2-"Aida"
Signor Bodini. 3- Pagliacci"......Signor Reslli, 4. Barbiere di Siviglia"
Signorina Ferlito. 5.- Mignon "
Signorina Agerino. 6.- Pagliacci
Signor Giovannoni. Le Perle du Brazil"
Signorina Ersanili. 8.- Ritorna"
Signorina Impclomeni. - Pescatori di Perle
Signor Gilletto. 10.--Selection from Rose
Marie Madame Herkina.
INTERVAL..
1.- Ernani.
Signorina Impolomeri Signor Giovannoni Signor Realli, 2- Italian Songs"
Signorina Merilto. 3.-Ballet. 4"Ay, Ay," Spanish Song
Signor Gilletto. 3. Cafo Nome "
Madame Henkins. "6.-" Fancial del West"
7.
די
Signor Frera
Neapolitan Song
Signorina Agorino. 8.-Quartette from "Rigoletto"
Signorina Ersanilli, Signorina Agorino,` Signor Giletta Signor Realli.
This is the first time that an exter- tainment of this nature has been given in Hong Kong, and in view of the very warm welcome. which has been accorded to the artists, Sunday night should see the Star Theatre packed to the doors. The Company definitely closes its season on Monday night with "Tales of Hoffman."
LONDON'S LATEST
SKYSCRAPER.
HEADQUARTERS OF THE UNDERGROUND.
Up 14 storeys, 100 feet above street level, with a flagstaff tower- ing another 60 feet above, and the most magnificent panorama of the real beart of London around.
Immediately ahead the cupola of the Central Hall, fanked and guarded by the two towers of Par liament; the austere, outline of Westminster Abbey in the middle distance. Away to the left, White- hall and the trees of St. James's Park; to the right, the Surrey bills visible in the far distance. The Thames nct more than 500 yards away, but with only one sign of it
TO OPEN Remove expule. raint lever and push upwards
Haig
TO CLOSE Kaplan cap and push
Jever down
NEW BOTTLE SEAL
SAFE
(NO CORKSCREW)
CLEAN QUICK Nobody can put better Whisky into any bottle than that which goes into the Haig bottle.
SOLE AGENTS ;--- GANDE,
TEL. C. 135.
Doctors are using it
Judges are using it.......
Sufferers from acidity
find it preferable to any other stimulant
$779
PRICE & CO. LTD.
THE MEDICINE YOU BREATHE INTO
THROAT&LUNGS
PEPS
for
COUGHS
COLDSA
BRONCHITIS
1.P.
7101
The Name PEPS is Stamped
on Every Bliver-jacketed) Tablet;
His mother, who is believed to have discernible anywhere a glint of BALLANTINE'S been married again, and whose pre-water at Battersea, London nearly sent address. is unknown, is asked bereft of its river, and yet this is in use for almost 100 years. a view epitomising the very heart to communicate at once with Mr. Reid's brother-in-law, Mr. Arthur of the Empire and the core of Lon- Cummings, whose address is 17, don itself. Gloucester Terrace, Hyde Park, W."
I
Massive Turret.
This is the view to be seen from the top of the new building which the Underground Railway is con- stracting outside St. James's Park Station.
Out-
EATABLISHED 1827.
By Appointment fo
H.M. The Late Queen Victoria
and
H.M. The Late King Edward VIL.
His Majesty King George V.
SCOTCH LIQUEUR
WHISKY
10 years old.
GEORGE
BALLANTINE
It was explained at the B.B.C. headquarters in London that the in formation in the announcement had The apparently large item of been supplied by Mr. Cummings, £34,548 for lost torpedoes in peace and was confirmed in official quar-The whole building is tremendous time, quoted in the Auditor Gen-ters.
in its proportions. A turret of eral's report on the Appropriation Mr. Cummings told a reporter four storeys rising above eleven im- Account, Naval Services, was ex- that Mr., Reid is a mining expert, mense doors, ench with four wings 0.49 Sandakan Lights $23607.1588. Alained by a prominent navai officer not a farmer. He is aged about facing the four points of the com- PURE 97.00 Telephone ******** $7,05 buy.. 117.00 China Buses
These foors will not be Tia. 14 buy..
in response to an "inquiry,
forty, and is married. He spent his pass. "The cost of torpedoes is always youth in Scotland, and went to divided up at all into small rooms. 4.50 Singapore Tractions....11/6 zem.
(Pret)...........1646 buy..
changing," he said, "but I should British Columbia as a mining ex- The American system of the open China Sugara $10. say at the moment it is in the pert. Some two years ago he went office has been adopted throughout Malabon Bagar .......
....$27 bay,
neighbourhood of £1,000.
to Mexico, and later, on behalf of the building. Thus the design and Ganton. Lees
$1 80 buy,
Sometimes in practice hring the San Nicolas Mining and Mill- the immense proportions of the Cements (combined) 18 buy. 8.20 sel. they are jammed and go to the ing Company, went to open one of building will be maintained.
Do (old).87,30 nem. bottom. Subsequently a court of the mills at Viente Guererro, near side the upper floors are open ex
(New)......$1,10 nom.
inquiry finds that they are lost by
tensions," admirable suntraps, and Durango. Н.К. Пере
negligence or otherwise, and the
Mr. Cummings added that on most excellent points of vantage
viewing the United Asbestos
magnificent Dairy Farma
selitem goes down in the Appropria-March 3 he heard that his brother-for Watsons
building has taken two years, and Der & Wings......
"Of course, the commander of in-law had been captured some panorama. Work on this immense GLASGOW AND LONDON. Crawfords...
the destroyer concerned does not here in the hills by about a hun the first three storeys will be ready DISTILLED IN SCOTLAND Mackintosh....
leave the missing torpedo without dred rebels, who were demanding
If you want a really first class Binceros
a acarch, but the time he spends ransom on the hunt is governed by the fuel Wm. Fowalls..........
ager of the company, was also cap.corate the outside of the building Scotch Whisky at a reasonable price, you can have no better than H. Amusemen!... 301 buy, 31 soort of cruising about." H.B. Constructions.
This officer went on to explain tured, and a ransom was demanded Each of these statues will represent
one of the winds. isque. Indus, G.$Bonds 85% buy.
This great building is fly em- Ballantine's Liqueur Whisky: that in any destroyer attack during for him.
Cummings communicated HK. Gort Loans 5% pron, bay. maneuvres when a number of torr.
blematic of the vast enterprise it excellent, ex interest pedoes are fired, there is always a with the Foreign Office, who about has been designed to house. Here buy-buyers; sol-gellere; as-salos; lelihood of one or two being lost March 8 communicated with the will be the Headquarters not only
by jamming..
CANTON RAW SILK MARKET REPORT.
WEEK ENDING APRIL 30.
A moderate amount of business bas been done during the past week, mostly for American account.
In view of the arrival of new season silk on the market, and the prospects of a good and large 2nd erop, the Chinese are now willing to sell at reduced prices with the result that silk for May/June ship- mert can be bought fairly cheap to-day.
The price tendency appears de-. cidedly weak, particularly as de mand is very small.
Blocks of Old Season silk amour.t
Lo 2,000 to 3,000 balls.
Let Crop.Estimates give a yield
of 7,000 to 8,000 bales, the quality
Do.
33 bos.
1919.20 21.30 nam. 80 cts, buy.
2 Bel.
.818 bay. Siz bay. $3.65 nom
non-nominal;
EXCHANGE RATES.
[BRITISH WIRELESS BERVICE.]
Brussels
Geneva Amsterdam
tion Account.
Oslo
Vienna Prague
Helsingfors Madrid Lisbon
Bucharest Rio Buenos Aires Borabay
Paria
New York
Roony, May 1.
124.157 4.85 11/22
Athens
34.05
25.19
12.07
Quotations are:-
92.04
Mex.
Berlin
20.47
20/2 N.8. Ex Ex A....
14/16 N.8. Crack Chops... $1,000 13/15 0.8. Best I
940
Stockholm Copenhagen
18.15
18.20
Silver (spot)
995
(Continued at foot of next column),
Silver (forward)
of the silk is good.
Milan
Shanghai...
Hong Kong Yokohama.
J
18.19
34.55
164
193 33.072 109
375.
818
5 57/83 47 0/16 1/8 29/32 2/51 1/11
1/10.. 25 5/18 25 8/14
of over £2,500. r for occupation shortly. Henry Hanson, the resident man-
Ten statues in bas-relief will de
British Minister in Mexico. A reply of the Underground Railways, but
SON, LTD:
It is
had been received saying that also of the London General Omni- The French Store
everything possible to secure the bus Company and several of the release of Mr. Reid was being done. Tramways Companies, It is not All he had heard since was that difficult to visualise" a symbolic both Mr. Reid and Mr. Hanson were figure controlling the greater part
of this imposing turret.
in good health, and would probably of London's traffic from the height be soon released. Durango was re- taken by Federal troops about a week ago, and there had been more. fighting ance, so that his brother- 'in-law's fate was uncertain.
Referring to the ransom, Mr. Cummings said that he did not know of any relatives in this coun- try who could raise such a sum, but he had heard that the company employing Mr. Beid was in negotin tion with the bandits.
Clerk at Kingston: Did you go to this place alone? Man: No, sir. I
was in a car.
Judge Cluer at Shoreditch: We all know how boya disfigura postera by patting moustaches on the pio tore of a woman's isće...
Beaconsfield Arcade.
THY Continue to suffer what W
POO ON HERBS are within. your reach-Fimples, Catarrh, Asthma, Bronchitis, Cough, Constipation, Din betes, Dropsy, Rheumatism, and many other Diseases. No Drugs, Paraly Chinese Herba,
a
POO ON HERES CO., 65, QUEEN'S BOLD CENTRAL, 187 FLOOR: TC. 8009
HONG KONG.
PUBLIC AUCTION.
P
G
R
PUBLIC AUCTION. ➡ARTICULARS & CONDITIONS ad the Sale by Public Auction to be held on MONDAY, the 6TH DAY OF. MAY, 1929, at 3 F. at the Offices of the
Pubho Works Department, by
Order of His ExcLENOT THE GOVERNOR, of Das Lot of CROWN LAND at Prince Edward Road, in
in the Colony of Hong with the Kong, for a term of 75
option of renewal at sy Reat to
be fixed by the Suzrejor of His MAJESTY Tux Kare, for on's further term of 75
Jones.
PARTICULARS OF THE LOT.
Kowloon Inland
t No.
Prince Edward:
Road, Kowloon,
No. of Bale. I
Registry No.
Locality,
-
G.
Boundary
Mestare
ments.
| N.L. 1. W.
As per
exle plan.
About
17,000
5,500
Annuai
Rental.
Square feet.
Contents in
Upsat Price.
B
PUBLIC AUCTION,
118
17719
ARTICULARS & CONDITIONS of the Sale by Public Auction to
be held on MONDAY, the 8 DAT of MAY, 1929, at 3 7.M., Et the Offices of by Order the Public Works Department, by
of His EXCELLENCY › THE GOVERNOR, of One Lat of CHOWN LAND near Edward Road, Kowloon, in Prince the Colony of Hong Kong, for a term of 75 years, with the option of renewal at a Crown Bent to be fixed by the Burveyor of EIS NAJZATI TUZ Kixa, for
one further term, of 75 years.
PARTICULARS OF THE LOT.
Lot Nos 2176.
Kowloon Inland
Road; Kowloon Tong.
Registry No.
No. of Sale.
Locality.
Prince Edward
Dont worry
Boundary
Measure
ments.
ft. ft. ft. ft.
Asper
aslo plan
A
F|
19,500
Annual
Equare fee
Contents
** | Upnet Price,
About
208
(7720
Welcome Visitor
at any
time in
overy Every
dies
household. But, Fica, Ecctlo, Moth, Fly, etc., once it has come into proper contact with
KEATING'S
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