1930-06-26 — Page 12

12

Money and

Markets

INCREASE IN PORT'S THE SILVER SLUMP.

- SHIPPING.

DAILY AVERAGE OF FORTY STEAMERS.

In his report for 1029 the Ear- bour Master states:-

The toal shipping entering and clearing ports, in the Colony durs ing the year 1999 amounted to 300,567 vessels of 47,188,181 tons which compared with the figures of 1928 show an increase of 211 vessels and an increase of 2,302,416 tons. Of the above 52,574 vessels of 39,871,140 tons were engaged in for eign trade as compared with 32,978 Vessels of 37,640,604 tons, in 1929, There was an increase in British ocean-going shipping of 221 ships of 353,451 tons. Foreign ocean-go- ing vessels shaw an increase of 439 ships and an increase of 1,032,503

|

KUOMINTANG'S INSTRUC-

·TIONS TO GOVERNMENT.

INFORMATION WANTED IN

THREE WEEKS.

Nanking, June 10.-The National Government Office received lo-day an official communication from the Central Political Council, the highest politial body in the Kuomintang, regarding the present silver situation.

|

HONG KONG DAILY PRESS, THURSDAY, JUNE 26, 1930.

STEAMBOAT CO'S DAILY SHARE QUOTATIONS

BALLOT.

SIR ROBERT HO TUNG'S RESOLUTION CARRIED.

The following is the result of the poll, taken on Tuesday, of share holders of the Hong Kong, Canton and Macao Steamboat Co., Ltd., on the following resolution, proposed by Sir Robert Ho Tung and secppd. ed by Mr. Li Tos Fong:-

(a) That the policy of the re- nowal of the farming-out of the Chinese freight and passage busi- nuse of the Company's steamers" to the same farmer, in view of the fact that the former is himself a competitor of the Company's busi- nese, is prejudicial to the interesta of the Company; and

(b). That accordingly the direc

The communication pointed out the seriousness of the issue and in- structed the National Government to submit withis three weeks detail- ed reports to the Central Politicitors be and are hereby notified that it is the wish of the shareholders Council about this matter so that of this Company that the directora the Council may take proper men should abandon the said policy sures, hased on such reports, to and should adopt a new policy of den! with present slump in the wither giving preference, as far as value of silver. The Ministry of possible to a non-competitive ten- Finance and the Ministry or Inderer for the farming contract, or dustry, Commerce and Labour were

run its steamers on its own ac British river steamers show an ordered jointly to study the pro-coun increase of 857 ships and an in-blem and to gather information on erease of 1,040,135 tons, Foreign, the following subjects :- river steamers show an increase of 360 ships and an increase of 18,781

tons.

tons.

with

I

decrease

In steamships not exceeding 00 tons employed in foreign trade there is a decrense of 1,110 ships in tonnage of 20.76 tons. Junks in foreign trade show a drerenar of-477 vessels, and a decrease of 139,811, tons. In Jocal trade (ie, between places with in the waters of the Colony) there' is a decrease in stem-launches of ¦ 1.000 vessels and a decrease in ton- nage of 108785 tons. Junks in local trade show an increase of 3.044 vessels and an increase of 178.746 tons.

Of vessels of European construe- tion 0,274 accan

steamers, 4,502 river steamers and 3,088 steamships not exceeding 60 tong entered dur- ing the year, giving a daily aver uge of 30.7 ships,

Revenue and Expenditure. The total revenue during the year was $1,010,081.97 35 "gaíost $973,283.48 collected in the previ "Olts year showing" an increase of

88.778.51 or 3.84 per cent.

1929

The expenditure exeluding speci- nl expenditure was $888,938.40 as against 8648,394.23 expended in showing an increase of 840,014.07. This increase is princi- pally due to additional staff and

tipulated increments.

On December 31, 1029, there were 305 steam-launches and 170 motor boats employed in the har: hour. Of these 410 were licensed for the converance of passengers, 20 stear-launches and 13 motor boats belong to the Colonial Gov- ernment, 3 stenm launches belong ed to the Imperial Government. | and 1 steam inunches and's mo tor boats to the naval authorities. In addition there were 43 motor fonts privately owned for pleasure and private purposes.

During the year, 20 ships were registered under the provisions of the Merchant Shipping Acts, and 24 certificates of registry cancelled: 231 documents, etc., were dealt with in connection with the Act, the fees on which amounted to 2,142.00 as compared with 82,440.00 in 1898.

Four hundred and seventy-seven cases were heard in the Marine Magistrate's Court during 1999 (az compared with 980 in 1928)

Under Ordinance No. 7 of 1929, 1.150 permits were issued during the gear as compared with 1,188 in 1928. The revenue collected un- der this head amounted to 8129,760 as against $192.275 in 1928 showing an increase of 87,475.

BROKER'S LOANS IN UNITED STATES,

(UNITED PRESS.]

(1) The total quantity of market able gold in China.

It will be recalled that the resolu-

tion was carried at an extraordi bary general meeting of sharehold-

(2) The total quantity of mar-era in March last, when the chair- man of the meeting demanded a ketable silver in China.

poll.

|

(3) The total amount of export and import for the past twelve months.

(4) The total quantity of the world's silver output.

#

(5) The price of silver at the mines.

(6) The amount of silver in cir- culation.

HONG KONG STOCK EXCHANGE

SHAREBROKERS ASSOCIATION.

Buren

Sollers Bales Nemlos?

{WEDNESDAY,

JUNE 25.

Buyer Sellers

Balor, Nomina!

Banks

T.180

$400

724

T1.30 T.81

$178 $51

ticle of association of the company. According to clause 79 of the ar- "Upon a poll every member pre sent in person or by proxy shall have one vote for each share held by him up to ten and an addition- al vote for each complete ten shares beyond the first ten." Only share- pon the receipt of the above Holders whose names were on the

1030 and T.285 communication from the Central register on March 4, Political Council, the Administra- whose shares have not been dispos- tive Yuan of the Finance and theed of are entitled to vote. Ministry of Commerce, Industry and Labour to make the necessary investigations and to duly report their findings to the Council with in three weeks.

FRENCH BONDS.

NOTICE TO HOLDERS.

Holders of Banque Industrielle de Chine's Repartition Bonds in that a general meeting of the Franes may be interested to know holders of B.I.C. Francs Reparti- tion Bonds. will take place in Paris

The total number of shares of the company is 80,000 of which 3,447 have been disposed of:--53,092 shares equal to 8,387 votes in favour of Sir Robert Ho Tung's Resolu- tion: 9,945 shares equal to 1,319 votes against;, and 13,026 shares equal to 1809 votes neutral.

Ho

$1,510

H.K. Banks -- $1,500 £105 Ds. (London)...) 2161 Chartered Banks... Mercantile Bk. “A” £99 £1st

Bank of Ebat Asia........ $117

$960

Do.

#00

$!!!!

FOREIGN MAILS

RADIO NOTICE.

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

INWARD MAILS.

Pr

Dus

(pan Francisco, 30. h May), and Munsti) VÍK SIBERIA (Londo», stk sunr)

FROM

$1,600

SHANGRAI and EUROPE via Sînantă,

(London, sth June)

Cobiana

26th June

£167

SEANGHAI

Lators

27tu" Janu

£89

IM

Japan and SHANGHAI

Hakusaki Marm"...

27th June

#12

U.S.A. HONOLULU, JAPAN, Sad Szamota!

Prea. Fillmore

28th June

Insuranoss

Shangra, and QWATOW

Sunning

*th June

Luxora via Nagaratan (Letters

Canton Insurances.....

eals,

$950

Underwriters

London 25th May)

$2.75

North Chinas.......

་་

T180

||

$135

5455

Union Insurances.

$450

$400

Vax

M.850 Yangtane Insurances

800

EUROPS IN NAGAPATAM (Papers only.

London Huth May) JAYAN

Soany Bes

Rang

28th June

25th June.

Kansakura Maru

SULUI JURU

China Fires...........

$400

30th Juze

H.K. Fires

$960

1st July

Shipping

Douglases

924

OANALA, U.S.A, HONOLULU, JAPAN sad. BHANWHAI (Vancouver, B., 19th Jane JAPAN and SHANGHAI Australia and il axta

Amp of Canada..... A armala .......

allors

Bad "July

*th

July

7th July

Steamboats

$95

$43

Indos (pre)........

$.43

Do, (def.j

$10

95/-

Shall Transporte...

#331

Mining

巴重

Banquets...

39/8

Kailang

$965

! ! ! !

$32

$50

18

Water-boats ********

T1810 Langkata (comb.) ...

Do. (single)

Explorations........

Shanghai Loans Raubs .......

Tronoh Mines

T1.30

$24

UMD.A., CONOLULU, JAPAN and SHANG..

Hai (San Franciscu, uth June) ́...1] Pros, Madison Jarak Bad Habudal

***

Porthos

IL

OUTWARD MAILS.

REGISTERED and PARCEL 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 am registered and parcel mails are closed at 5 pan- on the previous day.

T13.10

:

For

21/

Formcm...

nusnow, Pakhoi and Haphong Baugkek.....

Audy

Fort Layard

Docka, WharreS,

Godowns, etc.

8176 61.85

H.K. & K. Wharf... $175

Frovidents

$6,75

$0.85

$39

H.K. Docks.........a

$40

T.133

Shanghai Docks ....

T.132

471

New Engineerings

***

18.30

Hougkes

Cotton Mila

Ewo

T13.30

T.86

S'hai Ctons (old)...

T.19T13.30

***

$12.35

Majority in favour of Sir Robert 312.30

Resolution:44,137 $85.85 386 85485 Tung's

T.285 shares equal to 3,068 votes.

$0.80 $9.90 93.88 Proxies for 1,500 shares were

$16.60 given in Sir Robert's favour, but invalided due to irregularity.

FOLLOWING INSOLVENCY.

[UNITED PRESS.]

$63

Do. (new)...

T.10 Zoong Sings

Lands, Hotels and

Buildings

H.E. & S. Hotels... $12.30 $121 H.K. Landa

380

$0.60

!**

!!!!

Ti

Sandakan

SWELOW...

Haibow, Pakhoi and Haiphong

Wettei vis Swatow and Foochow

Hoilo

Bwatow, Amoy ani Foochow

Shanghai and "BUKOPE vin Siberia

1**

DATE BOU TIM

Tatsuno Moru Menado Aturu Duis Trabadak....

Lighting ... Tsiprose

Hydrangea

Chengta

Thursday, 28th,

8.34

B.JUA 10.40 £

10.80 A M

4,00 za

Straits, Ceylan, India, Mauritius, East and,

South Africa, Aden, Egypt and Barouki šlaru ↑ Jum EUROPE vis Marseilles-ids Mar satiles, 27th July

1.85

T.84

T.101

է:

Tourans

Straits and Ualoutta Manila

AIDY

Bangkok via Swatow...

Swalow, Amoy and F'ormosa

8.8030a 2.39 A 10.30

(Friday,

$7th.

Huchow

Stuurt Dollar

Hai Nung...

3,30

Boulogn P.U.

Reg.

4.30 m

UPO

Bog.

5.00 x

Lotter 6.00 M

... Uhung Kong

0.00 -

Talma... Pres: Fillmore

· Kingyuan Atungcaw ...Elötun fury

Japan, *Honolulu & "South American Port Bouyo Maru

Saturday, 28th,~

Pascals LB.Lets

Noon 1:00 PM

Sunday, 29th.

8.30 X

1.00 & AL

8.00 4

3uth

Shanghai Lands ... H.K. Realtys .................... Humphreys.... Chinese Estates. "Public Utilities

NEW YORK BROKERS

SUSPENDED.

$20.40

3201

$114

$5,85

$84

#84

Tramways..... 320.4- Peak Trams (old)... $11 Da (new)... $51 Star Ferries $94 T. Lights (old)...... $27

$20.48

LETTE

Monday,

$28

$231

$801

Do. (new)..... 83 H.K. Electrics

***

***** $80

$81

$23

Macao do

811

Sundakan Lights.....

Japan, Honolulu, U.B.A., Canada, C. und;

America and *ZUBOPE V Franciscous Ban Francisco, 23rd July)

Shanghai and EUROPE via Siberia A moy

Latchis

1.0 FM

Prea. Gloodland

Reg.

Leitars

4.15 PM

5.00

6.00

MI

... Pres. Cleveland

Bo Sung

LINTE

5.00 #

$18.35

$18

Telephones... 217

$18

Do. (Fully Paid)

T.18

China Buses.......

10/-

Tractions

***

6/9

KAT

Dd. (pref.)......

...

T.11

Caldbeck,

{(ord.)

7.10

Canton ice

***

$18.10 #124

19/.10

Cements (comb.)...

Do

(oid)...

$01

Do.

(new)...

$10.20

#101

Ropes

810

$1

China Sugara...

$97

Malabon Bugara ***

on July 11 with the object of deli-ACTION TAKEN BY EXCHANGE | $27.70 | berating-whether the measures pro- posed by the Banque Industrielle de Chine in order to secure the carrying out of (1) a readaptation scheme of the Transactional Settle- ment, and (2) a readjustment of the balance sheet, should be approved,

The meeting has been officially announced on June 23 in two legal papers in conformity with Article 10 of the Bondbolders' Association | Statutes.

We are given to understand that the local branch of the Banque France Chinoise will accept the forwarding to Faria of

!! powera enabling local holders to be repre- sented at the said meeting, provid ing that the bonds possessed he them are deposited at the Bark before July and remain in depósit until the meeting is over.

CHINESE STEERSMAN DISCHARGED.

WITNESSES DISAGREE ON

JUNK'S DIRECTION.

junk, made his appearance before Ip Sap, steeraman of a trading

the Marine Magistrate yesterday on the charge of leaving the bar- bour during prohibited hours. He pleaded not guilty.

Sergt. Riddel, who prosecuted, said that a little after 10.30pm on Tuesday, he was on duty on No. 7 Police launch near Green Island Washington, June 19.-Brokers'

when he noticed a junk ahead of loans for the past week again him. He chased her and pulled up alongside and as she was then out- showed reduction, dropping side the Harbour limits and going G.811,000,000′ to a new level of G.83,773,000,000, it was announced in a westerly direction, he boarded The low level for 1930 was the vessel and asked if they had G.$3,241,000,000 and the high was a permit to leave.

Law Kwai,coxswain on board the G.8.1,254,000,000."

launch was next in the box, but his evidence did not agree with that of the last witness. He said that on the night in question, he was on duty with laat witors when they came up to the junk, near Green Island. She was then going to wards the South-east, and bɛ un- derstood from the people on board that she was a cargo ferry from Cheung Chau.

EXCHANGE RATES.

(BRITISH WIRELESS SERVICE.}

RUGBY, June 24.

123.77- 34.817 12,00

Paris

Brussels

Amsterdam

'Oslo

Prague

Madrid

Athens

Rio

Bombay

Hong Kong

Silver (spot)

Silver (forward)

New York ****

Geneva

"CopsenzkywaySTANDIN

Vienna Helsingforsi

Lisbon

Bucharest a

Buenos Aires

· 18:18

1631 41.70 375 5.17/32 1/5.28/32 1/3 -15.7/10

15

4.83 31.32 25.0

...

In reply to Bergt Riddell witness once more emphasized that the junk was bending Bouth-east when they, overtook her. She did not turn round at all, and he did not hear him (Sergt. Riddell) ask de- fendant where he was going.

At this stage the magistrate said that he could not convict and ac- cordingly dismissed the case,

1/3 2/0.13/22 18.00

74.424

193

·Shanghai

108,25

Yokobema

818.

Stockholm

415/16

Milan

02.7%

Berlin

20.31)

(Continued at foot of next column).

New York, June 19.-The New 3281 York Stock Exchange to-day an- the Wood Co.. nounced that brokers, were insolvent and had heen, suspended from associate membership.

The Kerb Exchange simultane- ously announced that it had sus- pended Mr. Alex Johnson, a mem- her of Throckmorton Co.

U.S. TREASURY DEFICT REDUCED.

[UNITED PRESS. J.

Washington, June 19.-Recent in- come tax payments, coupled with payments on the public debt, have reduced the U.S. Treasury deficit to approximately G.862,000,000, it was announced to-day.

Treasury experts expressed doubt, however, as to whether present in come rates can be continued."

BRITISH PICTURE AT THE

MAJESTIC.

last time to-day a First National The Majestic is showing for the British picture entitled Two Red Roses." It is based on the song of the same name which has enjoyed enormous success on the Continent. Robert Land, who directed the pic- ture, has transferred the story to the screen. Three famous Euro- pean etars appear in the leading roles, Liane Haid, Harry Halm and La Jana.

Liane Haid, a Viennese beauty of exceptional talent, takes the part of a young girl whose life is chang- cd through the superstition of a wealthy, young man.

Harry Halm, who has been seen in several European pictures showi terpreis the part of the young man, at the Majestic Theatre-lately,-in- whilst the daughter of the host is portrayed by La Jana, one of the ending lights on the continental stage and screen. The supporting cast. is composed of first class play- ers resulting in a moving picture that no cinema patron should miss.

Many light comedy touches are introduced to advantage without upsetting the continuous fascination of the romantic element. "Two Red Roses" is fragrant with the

its drama, fascinating in ita romance, luxurious in the beautiful. settings used for the background of a story that will grip the interest during every single moment the picture is on the screen.

L

Industrials

Macgregor (prot.)

⠀⠀

migou, "Strails, Goylon, India, Mauritius, Last and Bouth Atrisa, Aden, Egypt and EUROPE vía Marseilles -Cue Marseilles, '2ni Aug. ...

Straits. East Africa via Mombasa and

South Africa na Larenco Marques Swatow; Amoy and tooshow

$124

Sustow...

$51

Mandin

$10/1

£29

1

shanghai, Japan, Honolulu, DBA,)

"Uanada, Coutral and South America,

6.40 #

1-

-JULY Tuesday, Ist Kowloon P.U. Key. 10.00 X Letters 10.00 a➡

Porthos

G.P.O,

Rag. Letters

11.15 A

Noon

Kamakura Maru Hatching...

10.8) A

Noon"

Wednesday, 2nd,

Obeskring.

Emp of Canadacan

8.30a 8.30 PM

Reg

5.00

and *ZUBUPM via Ban Francisco- || Asama Maru dae San Francisco, 24th July, and

•BUROPE riz Biberia

TH

$25.80

$1

Dairy Farmsz200 Der A. Wings...... Amusemente ..............

$25.60

$1,80. Constructions

$1.00

31

$18

Lane Crawfords ... Mackintosh over Nanyang Tobacco...

Manila, Sandakan, Australia (except,

places bouts of Townsville) and "Now Zoniand ris Thursday laland-dus Thursday Is and, 19th July

BL'Albana

Reg.

$3.20

| Swatow, Amoy ázia Fodenow

Hai anh

$11.30

Sinceres (old)..........

VI

prem

United Asbestos ...

Miscellaneous

Do. (new) *** Watsons ****

$2.85 Wm. Powells

65% B. Ind. G8 Bonds...

HK. Govt Loan

AMERICAN STOCK QUOTATIONS.

LATEST WALL STREET PRICES.

21

60%

#1001

The following quotations have been received from their cor respondents, Mesars. Hayden, Stone & Co., of New York, by Mesara. Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address:""Swanstock," Shanghai), who are not responsible for cable mutilationa

Tone of Market-Weak. No. of Shares done-2,500,000, Call Money,- per cent.

American Smelting

Anaconda Copper Baltimore and Ohio.. Borg Warner

simits, Ceylon, India, Mauritius, E, and 8.,

Africa, Aden, Kyypt and EUROPE via|| Karmala Marie alarmetiion, 3rd August)

Shanghai, Japan and *EUROPE via Siberia' Siberia Maru- Manila, Amateslia and New Zanisad ris ||

Brisbane-dae Brisbane 19th July ... Brisbane Mari

Sandakan

Thursday, Brd,

|Lotimre | 831AM

Friday, 4th,

Parcels

Noon

145 #

|Letters 2,80 F'M

1,00

Kowloon P., Parcels

4.50 M

|160,, 6th, 8:00 A M Letters 10.60 a m G.P.0.

Par.. 4th, 6,00 ♬ m

||Bog., 6th, 8.45 am Letters 10.30 a m

Saturday, 5th,

8.30AM

Beg. 4.35 Laitars. 5,00 z

Sunday, 6th,

Maurang...

9,00 AM

*Superscribed correspondence only.

NEW YORK, June 24, 1930.

Est Dividend.

Latest

Sales."

54

BEFORE YOU

46

23

Continental Oil City Service Common Curtis Wright "Common Eastman Kodak ...

19

30c, None

FORGET

BB

191

Electric Bond and Share

6C

Erie Railroad' ...

None.

General Motors

Send your Overseas Address to 11, lee

House Street, and order the Wookly Press to be sent to you for

Missing

International Cementgovisati

23

Three Months

$3.75

33

Naxada Consolidated Copper

Radio Corpo

Missing

Sears Boobuck & Co.

Simmons Co.

Twelve Months

$15.00

Standard Oil Co. of New York Union Carbide and Carbon.

1.80

2.60

None.

General Ry. Signal.....

Gold Dust........

Goodyear Tire and Rubber Granby Consolidated

Hudson Motors ........................

International Nickel zinemin Montgomery Ward-

US, Rubber United States "Stool