1930-05-16 — Page 12

12

TIENTSIN PAPER IN

HOT WATER.

“YI SHIH PAO" INCURS OFFICIAL WRATH.

A DISQUISITION ON WANG CHING WEI'S MOVEMENTS.

THE HONG KONG DAILY PRESS, FRIDAY, MAY 16, 1930.

Money and Markets.

MAN BEHIND THE MILLIONS.

MR. NORMAN'S AID TO INDUSTRY.

lies

For printing a report saying that

According to the latest balance Mr. Wang Ching Wei, Left Wing

sheet of the He Hong Bank. Ltd.. leader, will not seme North for the

Behind the birth of the Indus-whose Hong Kong office is at 13, present, the Tientsin Ti Shik Pan, trial Securites Company, with its Queen's Road Central, their gross one of the oldest daily publications capital of £8,000,000 for the ration-profit for the year 1929, after pro- in the port, was strongly assailed lisation of decayed and decliningviding for bad and doubtful debts

industries.. last week by the Press Censorship personal story.

interesting

and making the usual reserves, Hareau established in the Head-

This concerns the personality of amounted to Straits $1,475,378.63 quarters of General Fu Tso. Yi..man who, although in the public (at exchange 720/4- Hong Kong Commandant of Emergency Affairs ye for a long time and familiar 82,028,298.30).

to newspaper readers by his photo- in Peping,

graph. remains a mystery to all but a few.

ܕ܀

DAILY SHARE QUOTATIONS.

HONG KONG STOCK EXCHANGE.

Banks

H.K. Banks .......$1,410

Mercantile Bks. "A"

FOREIGN MAILS

RADIO NOTICE.

Individuals and firms are recommended to register their tele- ∙graphic address at the Radio Office. No charge is made for this.

The attention of the Publie is specially directed to the time of closing the mails for Europe by the as. Hakone Maru this week-end The mails will be closed at 5 p.m. on Friday, the 16th inst, instead of 8.30 am on Saturday which is the nanel time.

From

· SHAREBROKERS ASSOCIATION. '

Bayare

Bailers

Sales Femina!

THURSDAY,

MAY 15.

Buyer Salier Sales Nominal

HO HONG BANK, LTD.

HANDSOME PROFIT FOR

PAST YEAR.

$1,415

1,410/1,425

D

212 217)

Do. (London) ...]

Chartered Banks ...

£30

***

***

£12

$115

Do. Bank of East Asia... } $112

C

£181

£13

,!

Insurances

$9:0

Canton Ins.

1880

4.

$1.80 $1.80 1.70/1 T.100 $470

INWARD MAILS.

Underwriters

$1.70

$1.75

North China

*T180

475/80

Union Ins.......

$470

84784

M.$60

Yangtze Ins..

$80

PEE

DTI

$360

$910

China Fires H.K. Fires....

8355.

$900

Nagpore

16th May

Shipping

Zoema

16 h May

1237 Douglases.

321

Hakone Huru

$24 Steamboats.

$25

Sunning

20th Ma? 17th May

ት.

$43

Indos (prof.) ...

$40

Do. (def.)

Pres, Adama

17th May

98/3

Shell Transporta

Water-boata

330

Eusort via NEGapatam (Papers Duly

London 17th April

Havelland

17th May

AXOT

Thisaiak...

19th May

Kining

JATAN ...

+Santos Maru

10th May

JAPAN...

Kayu Maru

19th May

Pro. Taft Sphine

19th May

64

Suoh May..

Ohichibu Maru Üremer

9th May

21st May

Tango Maru

22nd May

Pres. HoKinley Mantua

23rd May

*

Surd May

Empress of Russia

16h May

After writing off expenses, depre- f a statement to the Press, the

ciations, and other charges, the Buren says that the report which As Governor of the Bank of Enz nett profit amounted to Straits the Ti Shik Pan se prominently land for ten years (and still hold-9871,721.4, which made, together

ing that position) Mr. Montagu with ite front page is displayed on

the balance of Straits Norman has had many opportuni- sothing but a telegram which ties to influence the course of prade 138,172.11 brought forward from Wang addressed. to General Yes by means of finance.

1828. total amount of Straits IIs Shun about a month ago, and

Hong Kong 8973,798.70) available 3703,803.34 (at exchange 72.3/4 for distribution.

that what the paper did was simply to alter it and bring it up to date.

The statement further says that since the bureau was established it » has always taken care not to call to account any paper for reports which were mere errors of judgment on the part of the editors, but that when a paper stoeps to deliberate alteration and misrepresentation it canhot but act.

The Ti Shik Pro, cr The Social Welfare," was started by a group of Catholic priests and was at one Ame registered in the American Consulate in Tientsin. It bas a Being edition, but it is understood that the sister publication is not offeeted by the Tientsin order.

AMERICAN TARIFFS.

PROTESTS AGAINST PRO-

POSED INCREASES.

[REOTER'S AMERICAN SERVICE]

WASHINGTON, May 14. The State Department discloses

that thirty-three foreign nations have protested against the propos ed increases in the United States' taris.

||

A COTTAGE FOR £10.

EFFECT OF DEPRESSION

SOUTH WALES.

|

When the history of the ration- alisation of British industry comes to be written, it will be recorded that he was the chief mover in the enterprise which is expected to do more for, the prosperity of the country than anything which has happened since the war.

The First Step.

Mr. Norman has been studying our industries for years. He felt that such a study ought to be un dertaken by someone, and, nobody else came forward, he set to work himself.

as

He came to the conclusion the chief need was to clear the ground of many firms and factories which are unable to prosper by themselves and yet are unwilling to amalga- mate with others

The first thing he did was to support officially a survey of the situation by leading-economists. This survey fully engines as are needed. Actually there are 13

In the steel industry the posi- tion was found to be particularly uuhappy. More money it is be lieved, has been wasted in that direction than in any other.

A.

their annunt general meeting held This amount was dealt with at

at Singapore on May S as fol 1013:-

$::*:1

gumm

...

Payment of 10 per cent.. dividend, Straits 8-400,0DC (Hong Kong 8349,828.18): Transfer to equaliza tion of dividend account, Straits $30,000 (Hong Kong 865,728.52): Payment of directors fees, Straits $1400) (Hong Kong $15,74570); Carry forward to 1930 account, Straits 8949,593.50 (Hong Kong $13 Straits $709,593.56 (Hong Kong $39 $343,-196.30); making a total of $5.90 8075,798.70).

PERAK HYDRO-ELECTRIC

SCHEME.

OPENING CEREMONY ON JUNE 29...

Though the rinine of the Perak River Hydro-Electric Power Co. has become familiar to the people of Malays during the last three years, it may not be generally re

T.8 T.260

$7

Banquets.

41/3 Kailans

T13.10 Langkata (comb)

T.7

Do. (single)

T1.16 Explorations..

T6.86 Shanghai Loans

Godowns, ate.

(London, 25th April)

JAPAN & SHANGHAÏ ...

SHANGHAI

SEGRAL & EUROPE via SIBERIA

SHANGHAI & SWATOW

U.S.A. (San Francisco. 18th April),

HONOLULU, Javan & SHANGILAI

$212

Raubs

Australia Maxita

81/-

Tronch Mines

19/3

JAPAN & SHANGHAI

·Docks, WharTES,

JAZAX & SHANGHAI

175/8 3 88.05 36. 5/10

HK. & K. Wharts... 3150

1771/9

Providents

38.057, 10

H.K. Docks

$30!

T.133

Shanghai Docks

T.131

18.05

$13 #791

$13.20

$80

T.172

$15

www

Some works are badly equipped; others are over-equipped for the

rdera they get. Almost everyalised that the work which the com- $14.90 where the story was the same. pany has carried out is one of the, biggest electrical undertakings in the world.

Then

The Big Step.

823

1764

Finance, led by Norman,et in the Kinta. Valley, a work $20.49 $30.85

it was decided that Such is the case, however. Situat- should come to the aid of Industry. which will supply electricity to a The prominent men in all parties vast area of country is now all were consulted and promised to do but completed. The opening cers what they could to help. But themony will be performed by the thief part will be played by the High Commissioner

(Sir Cecil company and the big banks. Clementi) at Chenderoh on June When any business nks for as- es, marking the completion of a INsistance from a bank or begs for unique scheme. The work has in- a continuance of accommodation volved many difficulties, but these already given, its' condition will have been successfully overcome, be closely looked into by the agents and the plans have been carried of the company.

through in excellent time.

One effect of the prolonged de pression in the South Wales cos. field, coupled with the high rates, is remarkabe slump" in the pro- perty market. Working-class cot- Lages are changing hands almost at scrap prices. At a sale at Mer; thyr a cottage producing a grosk antal rental of £13 188. 8d., and with 12 years' unexpired tease, was ld at £10. Prices accepted for her houses at the same sale rang-

from £42 to £86, "Bricks and mortar are not the profitable investiment they used to fe," said a well-known auctioneer. With widespread unemployment. working-class tenants fall heavily in arrears of rent, and landlords, whether they draw revenue from the houses or not, are compelled to heep them in pair and pay rates Jo full. As a result bidding, for witch cottage property as comes into the market is practically negligi. ble."

The rates at Merthyr are s in the pound, and unemployed nen 'on the local register number 3,387, with almost another 1,000 on short time.

It was announced at a meeting of the South Wales Divisional Committee of the Coalfields Dis- tress Fund that over £801,503 and « quarter of a million pairs of boots have been distributed in

· South Wales since the inauguration of the fund.

EXCHANGE RATES.

(BRITISH WIRELESS SERVICE).

Paris

New York

Roapy, May 14.

123.06

4.85.31/30

If it appears, as in many cases it will, that it ought not to go on as an independent concern, it will be asked to consider amalgamation. Only on that understanding will the banks give it further help.

"This is considered by good judges in the City and in the country generally, to be the most hopeful step yet taken for the re-establish ment of industry and the eventual relief of unemployment.

If the intentions of the new com- pany due to Mr. Norman's wise foresight are realised, British economic life, will get a fresh start on a much more stable basis and with far greater hope of complete

recovery.

New Engineerings

Hongkews.

Cotton Mill

***

H.K. & S. Hotola H.K. Lands Shanghai Lands

$11.10 HK Realty's...

Humphreys

Chinese Estates

Public Utilities

Tramways

Peak Trams (old)... $11

8761/h

C. Lights (old).....

Do.. (now) 823

H.K. Electrics $764 376 3761 Macao do.

Bandakan Lights ...

144

144

U.S.A. (San Francisco, 15th April,

HONOLULU, JAFAN& Shangri

JAPAN

SHANGAA!..

U.S.A. (San Francisco, 26th April),

HONOLULU, JAIAN & SHANGBA!

SWATOW de AMOY

U.S.A. (Heattle, 3rd May). Ganana

JANADA (Vancouver, BC, 8th May),

U.B.A, JAPAN & SHANGHAI

OUTWARD MAILS,

REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before & am, registered and parcel mails are closed at 5 p.m. on the previous day.

Fox

***

+ **

T13.80 T.14

Ewos

T13.70 ex righ $14

1.82 T.81

S'hai. Ctons (old)... Do (auw)...

178 176

T.io Zoong Singa

T.10

Lands, Hotels and Buildings

PER

1.

DATE & TIME

812.95 813.10

$784

Friday,

***

19.30 $14.95

Fort Bayard

Sunkong

16th, 8.30 AM

Shanghai &*BUROPË “Biberis

Promina...

.

25watów, Amoy a Foochow

Haining

Tanda

Mandis

Zosma

b.30 ▲ X 8.00. 2,30

=

3,30 M

Kowloon P.O.

$20.50

$11

$3.06

Do.

(now)...) 853

A

$85

***

8287

$824 999

Star Ferries

283

385

Straits, Legion, Indis, Mauriting, E. & South Africa, Aden, Egypt and LUROPE in arcule-due Sint- mollies, 15th Jane

Lakini Mari...

Reg. 4.30 Ltters

Reg.

4.80 2 U.P.U.

6.00

444

329 29/291

Letters 6.00 ƒ m

***

Hoilow, Priboi and Haiphong

Тонгале

Limehow... Uhwng Kong

'5,00 ra 5,00 m

Saturday, 17th,

Swetow & Bangkok

straiza

Michael Jobson ... Nagpore

-

10.30 X

10.30 AM

Bosany

Parcela Lettera

Noon

1.00

Saigon

Wishing

Manila

Amcy

kņu. Adama Antung

4,30 F M 5,00

5.00 M

444

IPR

Sonday, 18th,

16.45/50

Do

(old),

32+

$11.

Bangkok via Swatow ... Dwatow, Amoy & Formosa

Kiungu"

olen Maru

Do.

(new)...

Ropes - $81

39

Pria. Jackson ...og.

China Sugars................

827

Malabon Sugars ...

$29

9.00 a 9.00 AM

Monday, 19th,

arcela

Latte a

——

3.00 M

4:15 PM

5.00 PM

United Asbestos

Heg.

5,00 M

$5

+40

Pres, Jack

Letters

6.00 =

.

Bunice Haru

5,00 P

Parcels

6.00

9.30 AX

87

· 8134

Telephones

T.161

China Buses

*10/.

Tractions

15/6

Do.

(prof.).

# :

$16.60

The transmission of the scheme presenta unusual features. The volt lines, 52 miles long. are ear- ried on steel towers 70 feet in height, with a span of 1,000 feet between the towers. To erect these

$11.10 towers and string the lines the co- gineers had to traverse SwROIDS, $9.10 jungle, rubber estates, roads, $1.20 rivers and railways.

Special precautions have been taken to ensure the safety and con- tinuity of the supply. The sever- ity of lightning storms in the arcs is, unequalled anywhere in, the world, but owing to the protective devices used the interruptions so far experienced have been few- Straits Times.

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, Bassoon House, Shanghai, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:--

Tone of Market—Irregular. ', New York, May 14, 2030.

No. of Shares 'done-3 million.

Call Money-3 per cent. “

American Smelting

Anaconda Copper Baltimore and. Ohio Borg Warner

Industrials

T10.70 Caldbeck, orl)

Macgregor (pref.) Canton Ices

Cements (comb.).

T.11

#184

$25 31

8251

$29

31.70

Miscellaneous

Dairy Farms Der A. Wings.. Amusements

Constructions

Lane Crawfords Mackintoshs 19

8132

$262

$30

$1.70

$31.

(old)......... 811 (now)...... $10.40 Watsons $12)

Do.

$103

144

Nanyang Tobacco...

$12

Sincerca

$12.40

69'.

pre

་་་

82.85 Wm. Powells $21

B. Ind. G. Bondis... 88

HK. Govt Loan ...

$106

LOCAL AND REGULAR OUTWARD MAILS.

Japan, Bonolulu, Caunda' U.S.A., U. & B.,

America & *LUBOPE via San Fran- cisco-due San Francisco, 11th June ...)

Shanghai and EUROPE via Siberia #Saigon, Straits, Ceylon, India, Maritius

Sat and South Africa and *South American Porta...

*Manila, Australia and New Zealand via

Thursday Island

Island, Sist May

Manila "Australia and

Thumway land

Leland, 2nd June

| Swatow, Amoy & Fooshow.

das Thursday Taiping

-zigou, "Straila, Ceylon, India, Mauritius,

Eat and South Africa, Aden, {| Sphina...

Bay, 20th,8.45 AM ĮLetiera

Tuesday, 20th,

5.45 Laiters 9.30)

10.30 AK 10. M

Kowloon P.Q. Reg. 1.60

Lettera 1.00 a U.P.0. 'Box. 1.45 Letters 2.30.1 x 4.3J PM'

Wednesday, 'als',

8.30A4

Batavia

New Zealand vis

das Thursday Kaga Mara

M

Thisalak Haichang...

*Egypt & "EUROPE via Marseillesm das Marssillas, 21st Jume

Mazils

Batow

***

SUNDAYS & HOLIDAYS

Удом Amoy

FROM SHRUNGWAN G.F.O. BRANCH

•2.0.

Fres, Taft..

WEEK DATE.

Fon Shing Taiyuan...

FOR

FROK G.P.0.

FROM SKLUNGWAN BRANCH P.O,

Thursday, and,

Haibow

Straits

Kiungchow Uremer

7.15 am. &

16.00 p

7,30 1.20. 7.00p.m.

7.15 am. & 6.00 p.m. Sundays

p.m. only

7.30 am, &

Friday,

30,80 AX 10.30 AM

23rd,

7.00 p.m.

Chengts

Bundays

7.00 p.m. only

Wei Hai Wai vin Swntow and Foochow

Japan

Kueishow Tango Maru

Idwalow, Amoy and Foochow

9.30 AM

··9.30 & M

1,00 M

8.30 & M

!

1.80 p.m.

Sandon

Bobow, Pathos and Haiphong

(7.36 am, &) 7.30am.

1.15. Bundays

8.15. Lonly -----

6.00 p.m. 6.00 p.m.

8.30 am.

Lonly

6.00p.m. 1600 p.m.

Straita, Ceylon, India, Mauritius, E. & R. Africa, Aden, Egypt & EUROPE VIL

·Marsilindas Marseilles, 20th June,

Last -Dividend.

Latest Sales 71

Canton

62

218

38

Macao & Tinstan

Chrysler Motors

3

.30

7.15 m. & 7,30 a.m. 11.16 p.m.

1.30 p..

Brussels

34.815

City Service Common

30c, A

28

Geneva

25.13"

Curtis Wright Comman

Nona

Longmoon (except Saturdays) 6.00 p.m.

Amsterdam

12.031

Eastman Kodak ......

8B

950

Milan

02.08

Electric Bond and-Share

'Kankong (except Saturdays)....

6:00 p.

100

Berlin

20.303

Erie Railroad

None,

*49

Fatahan (By Train)

Stockholm

18.123

General Motors

49

Tal'0

-Copenhagen

Oslo

18.10.

General Ry. Signal

18.10

Gold Dust...

Tal Po

Vienna

34.403

Goodyear Tire and Rubber

Prague

104

Granby Consolidated

Shamchun

Helsingfors

193

Hudson Motors .......

48

Madrid

20.815

Lisbon

.108.00

Athens

373...

Badia Corp

International Cement International Nickel' Montgomery Ward *Nevada Consolidated

sturing

34

Cheangshow

45

7.16 .. "8.00 $113. $9.00 a.tu, & 12.00p.m.. 9:00 am, {8.00 pm.

12.30 p.m. & 4.30pm. Saturdays 1.00 p.m. & 1400 P

7.15 cm. 9.00 & 9,000

Manila

110 Am.

(11.00am

Shanghai

& 1.30 p.m.

8.30 ..

3.30

Buenos Aires

43 1/16

Sears Roobuck & Co.

D

Autan, Pingahan, Santis,

Bombay

Shanghai

1/13/10 1/10

Simmons Co...

a£

43

Shatin, Shatankok ani)

Standard Oil Co. of New York

1.60

Sheungehul

8.00 p.m.

Hong Kong SA

1/54

Union Carbide and Carbon,

2.60.

88

Balkong...

¿

4.30 p.m

_10.30 am.

4.30 p

Yokohama matin 2/08

Silver, spot & forward, 19 1/10

U.S. Rubber.

None.

Namton, Shekki & Taiping

(Fumin)...

100 pe

Manila

7,00 pz.

United States. Steel.

176

Mantua...

Kowloon P.U. Parcela

4.30 KM te.Sith,9.00 AM Letters

Par 23rd, 5.00 ||Reg.,24th,9,45 a M Letters 10.30 A

Saturday, 29th, 10.80 A Monday, 26th,

10.30 AM Koseloon F. 0.

Fres. McKinley'..

Hakusan Maru

Reg.

*1.00 M

Lotters 1.00'

G.P.O.

Straits ICeylon, India, Mauritius, E. & R..

Africs, Egypt & EUROPE vis. Mar Perseus... mailles-das Marseilles, 27th June...

Torsday, Sithi

Emp, of Russia.

8,80 7

"Superscribed correspondence only,