HUMPHREYS ESTATE"] MEETING.
CHAIRMAN'S DISCLOSURE OF DEFALCATIONS.
EX GRATIA CONTRIBUTION BY GENERAL MANAGERS.
Money
RUBBER MARKET.
THE HONG KONG DAILY PRESS
and Markets
Messrs. Pentreath & Co. have received the following report from Hornby, Hemelryk & Co. dated Liverpool, April 9:—
The annual meeting of the Hum
Business still remains on a neg phreys Estate and Finance Com- pany was held at the Hong Kongligible scale, but there are signs Hotel yesterday, Mr. Heary Hum-of rather more enquiry from the Continent, whilst Britisk manufae- phreys presiding. The Chairman turers seem to be holding aloof un- stated that he did not propose toil the fate of the MeKenna Duties the forthcoming dea! at length with the defalcations is disclosed in of the late Secretary. The General Budget. Managers as the largest share- holders in the Company, suffered and ecrrespondingly, and above that, they were making an er gratia contribution of 813,000 towards this account.
over
March shipments from Malaya totaled 47,076 tons, a decrease of 1,7 tons as compared with Febru. ary. Of the total of 47,078 tona, shipments to the United Kingdom and to the U.S.A. were 10.106 tors and 23,530 tons respectively
THE SHANGHAI LAND
· INVESTMENT CO. "
ISSUES OF FIVE PER CENT.
DEBENTURES AT 96.
With reference to the recent issue of Tis. 1,000,000 five per cent. debentures at 95 by the Shanghai Land Ivestment Co. Ltd., it should be pointed out that this is part of a total issue of Tls. 8,000,000 of such debentures which has been au- thorized.
The Tis. 1,000,000 was under- written by Messrs. Benjamin & Potts and Messrs. Swan, Culbert- son & Fritz, and this amount has been fully placed with subscribers to the issue.
The position as regards the bal-'
"
There were no questions asked in
"It is expected that April ship.ance of the series is that it is not the "intention of the Land Invest- respect of the report and accounts,
ments will show a further decreasement Co. to make any further issue which were unanimously adopted.
require of debentures until the In addition to the Chairman, the and estimates of American con- following were present-Hon. Mr. sumption in March range at pre-
ments of the company call for such. C. Gordon Mackie, Messrs. J. Scott sent between 40,000 and 42,000 tons. Harston, J. H. Taggart, and J. M.The Rubber Growers' Association Alves (Directors), J. L Quie estimates that the crop reduction Acting Secretary). Mrs. E. A. as a result of the cessation of tap Humphreys, - Mrs. M Chubb, Messrs. L. S. Greenhill, W. A. Dow- ley, F. W. Stapleton, D. Wilson, G. A. f.awience, J. H. Seth, M. Manak, W. Marley, P. C. Potts, A. P. Samy, R. H. Wild W. R. Forsyth, Kwong Hing Wang, J. A. Tarrant. J. D. Humphreys, G. E R. Divett and R. Pestonji (Shärements being sufficiently effective.
holders).
the
Chairman's Speech.
shareholders, Addressing Chairman said:- Gentlemen,-The report and statement of accounts having been in your hands for the prescribed period I will with your permission take them as "read.
ping in May will amount to 33,000 tons, but this estimate seeins rather on the generous side. It will be surprising if the reduction. large as 33,000 tons.
THURSDAY, MAY 8, 1930.
DAILY SHARE QUOTATIONS.
HONG KONG STOCK EXCHANGE.
SHAREBROKERS
ASSOCIATION.
Bullers Sales
Nomizat
WEDNESDAY.
MAY 7.
Buyers Sellers Bades
Bankı
Do. (London) ........ Chartered Banks... Mercantile Bks. "
Hr
$1,395
1,390/1,405
£115
H.K. Banks
$1,390) $1,400 $1,390
་་་
£17
£30
£18 E99
***
£12)
Do
215
..$109
Bank of East Asia.. | 0112
tut
Insszanows
$895 51
Canton IDs.
9875
Underwriters ******
$1.35
$1.60
T.180
North China.......................
T160
Urion Ina,...
$470
M.850 Yangtaze Ins..
$355
China Fires
$355
$900 HK. Fires.....
$900
4
Shipping
HI
$96
$99 Douglasss 321
Steamboats
Indos (pref.)
$25
143
Do. (del.)
95/7
Shell Transports
$28)
$281/9
W
fater-boats
THE PRICE OF THE OIL PEACE.
#6.70
$6
as PRICES ADVANCED ALL OVER
THE WORLD..
There is some talk of a further tapping holiday later in the year in the event of the present arrange-
Stocks: London 71,477 tons, Liverpool 29,008 tons: a total in crease of 3,014 tons.
Altogether we see no reason to ex- pect any material decline ip prices, whilst there is every prospect of much higher prices later in the year. After the Budget is known. consumers interest may improve; and we look for a rather more ac tive market in the near future.
Close London last night:-Spot
"I do not propose to dwell at length on the defalcations of the late Secretary, as that matter has been fully referred to in the report of the Committee of Directors appoint-d., July-September 73d. October- ed to enquire into the defalcations December 8d., January December and in the reports of the investigat ing accountants; all of which can be seen at the Company's office by any shareholder who desires to peruse them.
In their recommendations, the Committee of Directors. proposed that all share certificates of the present issue he called in and re placed by new certificates printed different colour. This and in other recommendations made are be ing carried out.
Whilst the General Managers much regret the serious lessés, as- tained, they, as the largest share. holders in the Company, suffer cor- respondingly to the general body of shareholders and they also are deprived of the bonus which has been regularly paid for a number Furthermore, you of years past. will notice from a perusal of the re- port before you that they are mak- ing an ex gratia contribution of $13,000 towards the liquidation of such defaleations.
sid.
Our New York correspondents called last night that manufactur ers' enquiry is improving. Ameri- can consumption during April is expected to show an inercase.
Close New York last night:-Old Contract July 1500, September
New Con 10.00c., December 15,60c.
September July 13.830., tract: 16.27c.
YOKOHAMA SPECIE BANK.
THE PROFIT ON THE PAST HALF YEAR'S WORKING.
The report of the directors of the Yokohama Specic Bank for presentation at the 100th half year- ly ordinary general meeting is as follows:-The net profit of the Turning to the accounts, you will bank for the past half-year, after observe that they have been present providing for all bud and doubt- on bills, etc. ful debts, rebate ed in a slightly different form.
On the liabilities side of the shows Y.17,731,848,08 inclusive of forward balance sheet we have transferred Y. 10,420,920.97 the fund for the equalization of from firet account. dividends to profit and loss appro- The directors propose
brought
that
New York, April The Stan- dard Oil Co. to-day advanced gaso- line prices one cent. (gold) a gal- lon throughout its entire operating territory.
This met the advance just an- nounced by the Tidewater Oil Co.
qan
38/9
Kining
Benqueta..........................
Kailans...
T13.60 Langkata (comb.) ...
T.7
Do. (single)
To Explorations......
T5.40 Shanghai Loans ...
Godowns, gle
$264
113 114
1:18
1988: 1
$80
T.9
$29
Rauba
21/-
Tronoh Mines ' .............
19/3
Docks, Wharves
170/1
H.K. & K. Wharfs.
$170
170/731
...
$8.70
Providents
85.75 85.40 $5.50/70
Shanghai Decks...
237 T.1274 78.05
$169
$38
T.135
T.8
Shell Eastern immediately fol- lowed the lead of the two other companies, completing virtually T.260 universal and worldwide gasoline advances although node has been so great as that just applied in the Far East.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE} /
Oglo
# #
FK Docks
New Engineerings
Hongkewa
#
FOREIGN MAILS
RADIO NOTICES..
M
The Radio Office, where fall information concerning all wire less services may be obtained at all times, is situated on the ground Boar of the P. & O. Building in Des Youx "Hoad, 'next to the General Post Office.
Individuals sed firms are recommended to register their tele graphic address at the Radio Office. No charge is made for this.
The Parcel Post Service to Kwangs with the exception of that to Wu- chow, Kwailin and Pinglo, is ruspended until further notice.
INWARD MAILS.
DJB
PER
FROM.
Canada (Vancouver, BC., 17th April),
U.8.4 HONOLULU, JAYAN SHANGuar&|| Kwp, of Canada.... Eurobe via Hiberia (Londo 18th Apri}} HANGSAL
L
8th My
U.S.A (Soatila, 19th April), CANADA,
Kashgar
- Sth May
JAPAN & SHANDBAL CANC ŠTRAITS
Pres. Jackson
0th May
Lahore
9th May
3rd April)
Eurora via buzz (Letters and papers, Linden. 19th April, and parce,
Khim
9th M-y
.**
ANOT E SHANGHAI
Tjikarang
11th - May
STE
Alipore
18th May,
BATAVIA
Tjidadak...
1314 May
Tat Piny
18th May
Free Taft
19th May
20th May
AUSTRALIA & Mami? A
UB.A. (Ban Francisco, 15th April, Honolulu, JARAN & SHARDKAP Y USA (San Francisco 5th April).
HONOLULU, JAY24& BhangraviRNA.
Chichibu Maru ..
OUTWARD MAILS.
REGISTERED and FARCEL MAILS are alosed 15 minutes" earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 9 s. registered and parcel mails are closed at a pim, on the previous day.
Bangkok..
Straita
FOR
PER
DATE & TIME
(hursda
8th,
8.30
10.80 A
8.00 x
5.00 P
Halldor ...
Van Houts
Bydrangea
kao Lee... amp. of Vanadr..
5.00 P
Friday,
9th,
Yuensang.... Ningpo
8.3. &
8.30
Jarco a
Noon
Tukliza
1.00 PM
...Haiching...
1.00
Straits, Ceylon, India, Mauritius. E. & B.
Vautom
Africa, Aden, Egypt & BUBUTE via Kashgar Marc-due iurile, 7th June
Kandacre
1:30
Kowloon P.0. ¡Parcels
4.30 F M
Le 10th,9.00 M Letters 10.00 AM
G.P.O. 9th, 5.00 tox,10th,9,45 a = Letters 10.80
Saturday, 10th,
10:00 - 10.00 AM
4.80
6.10 P, M
Tyndareus
Clara Jebsen
Chip Shing Anking
5.00 z
Dunton Mars Kuigan
Sunday, 11th, 9.00 A
+4
Ootton Mills
Sxato...
Saigon
T1310 ex rights
Manila
S'hui. Ctons (old)....)
1.76
T78
Do. (new)... 1.10 Zoong Singa ........................
1.76
T9.70
Amoy
***
Haiphong
Lands, Hotels and Buildings
Straita & Calcutta
Swstow, Amoy & Foochow
$12.86
$12.85
H.K. & S. Hotels.
$12.00
$12.80
Haiphong
RUGBY, May 6.
#7540
875!
H.K. Landa
$75
$76
Faris New York
123.83
T.:85
T.270
Shanghai Landa
$11
$10
H.K. Realtys
| 8101
29.20
4.86
$15
$143
Humphreys
814
Brussels
31.53
$98
"Chinese Estates
Geneva
25.08
•
Amsterdam
32.073
Public Utilities
Milan
Berlin
20.363
$20.40 $20.05
Tramwaya zeturash
20.45/65
Stockholm ...
18:10
$114
Peak Trams (old)...
$111
Copenhagen
18,185
85.05
Do. (new)...
18.18
$80
Star Ferries
880
Hoihow, Pakhdi & Haiphong
Shanghai, Papan & "ŽUROPE via Siberia, Khiva
34.46
$27 264/27
C. Lights (old).......
327/
Japan
Prague
164)
3214
829
Do.
(new)......
Baigon.
Helsingfors
193
$75+
751/65
HK. Electries......
$781/
watow & Icocho
Amoy
A
Madrid
29.84
323
+
Lisbon
105.30
26.30
373
$12.60
$121
518
T.19
China Buses
51
10/
Tractions
19/6
Do (pref).......
431.
1/3 13/18
1/10
1/0
T.11
2/03
T.10
191
19 7/16
$16.10 $16,10
811
$8.30
$1
31.20
827
$21
Bbangbai &*EUROPE via Siberia
$16.10
811
器
Mauila
$29
United Arbestos
Miscellaneous
Vienna
Athens
Bucharest Rio
Buenos Aires Bombay Shanghai Hong Kong Yokohama Silver' (spot} Silver (forward)
Suzanne Lenglen, of lawn tennis
::
12.
priation account so as to be in ay.3,000,000 he added to the reserve fame, is having trouble on the position to declare the proposed fund and Y.300,000 be set aside to dividend after adequately provid-
a staff bonus in recognition of the court agnir-not the tennis court, but one belonging to a large apart ing for losses and incidental ex-
semi-centenary...
ment building in Paris left to her penses resulting from the defalca.
Temperamental The directors also recommend aby her father. tions, without encroaching upon the reserve account which stands intact dividend at the rate of ten per Suzanne recently saw some clothes $26.10 $0.30 special
drying in a window on the court,
$29 at the substantial figure of 8450,000. cent. per annum, and a
31.40 On the Assets side, land and semi-centenary bonus of Y.3 per and was so cross about it that she
$3.85 buildings show a capital addition share, which will absorb Y.8,000,000 told her concierge to look for an- other job. Instead, the concierge f 855,064.48, nresenting, in the in all.
took her case before other families main. expenditure in connection with the erection of the May Road
in the building, and these are go- ing to a court of law-about it. The New Flats. The four new Rats on May Road will be completed and ready for oc empation about the end of June and the new garages near May Road Station will be finished about the same time.
flats.
4
There being no further matters to which I can usefully refer, I now formally propose that the report of the Directors and the accounts for the financial year ended December 31, 1929, as presented be adopted with the appropriations shown in profit and loss appropriation account and that the balance of $132,093,11 remaining at the credit of that account be apnropriated as follows:-Payment of dividend of 80 cents per share, absorbing 8120,000 and carry forward to next account, 812,023.11.
After this.. proposal, has been seconded I shall be pleased to an- 'swer to the best of my ability any questions arising out of the ac counts which shareholders many wish to put..
A. Dowley seconded the Mr. W. adoption of the report and ac- coupts, which was agreed to with- aut comment,
Other Busines. **
On the proposition of the Chair- man, seconded by Mr. L. S. Green- hill, the following were re-elected' to firhitars Meshk
J. Scott Harstom. J. M. Alves, J. H. Taggart and Hon. Mr. C. Ger- don Mackie,
Mr. J. D. Humphreys moved, and Mr. J. A. Tarrant seconded, the re- election of Messrs Percy Smith, Seth and Fleming and Messrs. Linstead and Davis, as the Com- pany's auditors, this being carried.
The balance, T.8,231,848.06, will be carried forward to the credit of
next necount.
AMERICAN STOCK QUOTATIONS.
LATEST. WALL STREET PRICES.
The following quotations have been received from their cor- respondents, Messrs. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:-
Tone of Market-Strung. No. of Shares done.-6,000,000. Call Money.-33 per cent.
American Smelting Anaconda Copper *** Baltimore and Ohio Borg Warner Chrysler Motors City Service Common Curtis Wright Common
$19
8%
prem
26/26.10
4/3.90
SL2
$11
Macao do
Sandakan Lights ....
Telephones. $12.80
Industrials
Caldbeck, (ord)
Macgregorf(pref.)
Canton Ices ma
Cuments (comb.)... $15.90 $18
Do
(old)...]
Do. (new)...
Ropes....... 28.10
China Sugars.com
Malabon Sugara
Dairy Farms......... $254 Der A. Wings...4-1 Amusements ........................ Construction ... .................. Lane Crawfords... Mackintoshs. Nanyang
Tobacco.... Sinceres (old)....311
Do. (new) Watsons
ngu
18
Bwatow, Amoy & Formoss
Haugkok va bwALON ...
"Japan, "Canada, *U‚8.A_, *C.&*S. America;·
EUROPE via Victoria, B.C
dus Vic.oria B.O., 31st May ...
oralow, Amay and Foochow Australia (except places North of Bri- bane), and New Zealand va bingapore and Bristandus Brisbane, 3rd June Straits, Ceylon, India, Mauritius, E. & S. Africa, Egypt & EOBOPE via Mar seilles-Maries, 11th June...)
Fandakan
1461. Pierce
Monday, 12th,
Dicels
itera
18
8.
Pres. Piercesters
Tjikarang Најуску
Falrochu connecting with
44. Nieuw of Land at S'pore.
Patreelum
Maxsong
Manila, Australia and New Zealand via
Thursday Island - die Thursday] Tai Ping Land, ist May
*Saperscribed-carrespondence only.
3. Ur# 4.15PM
5:00
15.09 PM
Tuesday, 13th,
Beg. Leiters
10,30 ▲ M
1.00 rx
4.15 PM.
5.00 F Kowloon P. C.
4.20.
43:08
G.P.U/
5.00. P 18
Letters 6,00 P M.
W. dnesday, 16th.
8.30 A Partele 5.2 N l'haraday, 15th,
9.10 AM Keg. Laiters 1003 à м
Thursday, 16th,
130
ני
Monday, 19th, Parcel 5.0L 2 ★ Blog, 20th,9.4522 Letters 190μ à 3
$26
329 $30
81.20
$4
Swator...
Shanghai, Japan, Canada, C.
C
210.40
& America & *aUROPE via Van- couver, B.Que Vancouver, B., 30th May a Europa vis Biberis
Chaksing
Emp, of Canada
<
www.
***
$2.85 Wm. Powells. 82%
B. Ind. G.8 Bonds... 85% H.K. Govt, Loan... $104
LOCAL AND REGULAR OUTWARD MAILS.
WEEK DAYS.
FOR
From G.P.0.
FROM [BHEUNGWAN
BRAMOT P.0.j
FROM Q.P.0.
SUNDAYS & HOLIDAYS
FROM SHKUNGWAN BRANCH P.O.
(7.15 am, &
(7:15 am, &
$30. 16.00 p.m.
17.00 pm,
6.00 þin
1.00 p
Sundays
Sundays
(6 only
7.00p.m. only
NEW YORK, May 7.
Last" Dividend.
Latest
Canton
Salez:
07
53
117
39
Macao & Tirinhan
(7.16 am. &| ̈ƒ7.30 mx. 11.15 p..
{1.30 p.z.
a
32
300, "A
2.15 p.
Bandage Bunday 8.16's in L'oaly
3.30
only
None
Kongmoon (except Saturdays) 5,00 p.m.
5,00 pm
Eastman Kodak .................
8B
211
Kaukong (except Saturdayn).....
"Electric Band and Share
6C
00
Ezie Railroad
None.
47
Fatahan (By Tmin) ...
7.15 am.
General Motors
Tri Q
General Ry. Signal
Tri Fo
"Goodyear Tire and Rubber
Gold Dust
Granby Consolidated
Hudson Motors ......... International Cement:
Radio Corpora
Shamchun
Cheungchow
9,00 it. (9.30a.m. {8.00 p.m 19.00.
8.00 pm (12.80 p.m.
& $20 p Saturdays 1.00
830 t
6.00, p. 6.00 p.m.
7.80m, &
(7.15 sm) (7.30 &
7.15-17. 9.00. 9.00
11,0 1,
(11,00 {& 4.30 pm)
7.00 pin,
.6.00 p
Trade Notes & Statistics
Are always of interest to Progressive
Business-men.
You will find many important facts and hgires about South China trade in the Weekly
Press," Price 30 cents a copy, or $15 per annum post free to any address in the world.
نوعها
International Nickel
Montgomery ATO
Nevada Consolidated Copper...
Kone
Sears Hoebuck & Co.
D
Aberdeen
Autan
Stanleygaha Bantin
LOO p.m.
Simmons .Co.
Union Carbide and Carbon.
Standard Oil Co. of New York
1.80
Shatin, Shatankok and Shering hni
8,00 pa
4.30 p.m
2.60
None'..
Namibia, Shekkt & Taiping
100 pati
U.S. Rubber buddivien
United States Steel
8.30 B.ITL
7:00 p
No comments yet.
Private notes are available after approval.