1930-07-01 — Page 11

CHINA PROVIDENT LOAN & MORTGAGE CO., LTD.

NOTICE.

NOTICE IS

11

HEREBY GIVEN that AN EXTRAORDINARY GENERAL MEETING of SHARE- HOLDERS in the CHINA PE VIDENT LOAN & MORTGAGE COMPANY LIMITED, will be held * 16TH Day of WEDNESDAY, JULY, 1930, in the Company's Board Room, ALEXANDRA BUILDING, HONO KONG, at 13 O'CLOCK NOON, for the purpose of consiering and, it thought ht, passing the following Basolations; 1.That the Capital of the CHINA

PROVIDENT LOAN & Montolon COMPANY, LIMITED, be increased from $3,000,000 to $4,500,000 by the creation of 300.000 Shares of $3.00 oach and that the 3000,000 Shares of 45. each shall each rank for dividend and in all other respecta pari patsu with the existing Shares of the Company. `.'

for every

That in the erant of the above. Resolution being passed, 294,789. Shared shall be issued and offered ia the first instance by the Director. st par to existing Shareholders on the Register of the Company as at the 18th day of July, 1980, rateably in the prop ONE Share Shares held by such Shareholders, and in the erent al any of the said 294,769 Shares not being taken up by the Share holders within the time stipulated by the Director, the Board shall be empowered to allot them or dispose of them as they in their discretion deem expedient in the interest of the Company,

NOTICE IS ALSO HEREBY GIVEN that the TRANSFER BOOKS of the Company will be CLOSED From MONDAY, Tax Tn Dat or JULY, 1930, to WEDNESDAY, THE 15TH DAY or JULY, 1930, Both Days inclusive.

Dated thin Twenty-sixth day of Jane 1950,

· By Order of the Board of Directors,

'D. L. KING,

Secretary.

[9579

SHIPBUILDERS,

SHIP REPAIRERS,

BOILER MAKERS, FORGE MASTERS, OXY-ACETYLENE AND ELECTRIC WELDERS,

MECHANICAL AND

ELECTRICAL

ENGINEERS.

MORE SCHOOLBOY HOWLERS.

EDUCATED COWS THAT PRODUCE BUTTER,

"Herrick's chiel work. was Little by Little.'".

[+

This is a delicious note in the hawlers" of "Smith schoolbay. Mizor Again," compiled and edited by Mr. Colin Mellwaine. N Master Smith thinks:-

love

A spoonerism is a 'affair."

The animal with the greatest attachment for man is woman."

An epistle is the wife of an apostle

"The population of London is hit too thick."...

"In Memorandum is Tenny- son's most famous poem.".

Civil servants are people who lived long ago. There are none left now.

As a translator this lad can be

witty

"Hors de combat,-War horse." But he is weak in geography:

Denmark lies to the east of the Gulf Stream The Government of Denmark gives its cow better

HONG KONG DAILY PRESS, TUESDAY, JULY 1, 1930.

NEW YORK STOCK EXCHANGE.

FURTHER LOW LEVELS REACHED.

-SHARP RECOVERY ON SHORTS COVERING."

(UNITED PRESS.]

New York, June 3-With heavy selling registered on the New York Exchange to-day, many new low prices were reached soon after the opening, says the daily review of the "Dow Jones Financial News Agency.

THE POSITION OF SILVER.

POSSIBILITY OF FURTHER DECLINE.

U.S. PENSIONS BILL DILEMMA.

QUESTION OF INCREASED TAXATION.

[UNITED PRESS.]

Dealing with the slump in silve the Financial Times, London, says the metal has exhibited some start.

Washington, June 93-Leaders of ling rises, and falls in the part 13 the various Senate groups conferred years, and the view is held that hurriedly to-day in an attempt to still Tower levels will be reached.

decide na to what their procedure. Highest and lowest quotation and should be with reference to the the average for the past 13 years World War Pension Bill, in view are shown in the following table:- of President Hoover's hostile at- Averagetitude and the prediction by

1915

Following this, there was a sharp 1917 recovery, largely due to covering on 1919 the part of the shorts." There was, however, considerable invest- 1991 ment buying.

Highest

Lowest

271

d.

26/161/16 various officials that there will be. 96-11/18 31.3/18 an increase in taxes if the measure 33.11/16 40 is passed.

1914

37 53

483

42)

1019

473

47.0/16 87.1/18

1820

391

61

43%

300

341

1029

"Commodity prices and general trade news were little changed.

1923

33.11/16 30)".

1924

36.1/16 31

1925

33.7/16 311/16

31.13/14 24

og

1928

1929

31.7/18. 31.13/16 34. 32)

11/18 242% 21.1/32 287

28.1/16 201 20.7/16 21.3/16 247/10 The world's production of silver last year amounted to "236,500,000 fine ounces, which was a little, less than the output in 1923. Of the

Many traders are of the opinion 1928 that the recovery is only technical 1827 technical education than our Gov-and productions are being made erament. So we get butter from that it will not held: them."

Politically he favours Labour :- "Ramsay MacDonald has come to stay. He was a poor man in the Highland vales. Now he is ich, and dines often with the Lord Mayor."

"I would be unwise to follow him too closely as a Biblical authority: "The Bible was Moses's greatest

was

Abrahams

With call money continuing at 21, per cent, the money situation was still easy.

The Administration's stand places supporters of the Bill in an extra- ordinarily difficult position, for whereas they had expected to reap maty votes from grateful veterans this autumn if the Bill went through, they are now confronted with possible anger of the elec- torate because of an increased tax levy.

LATES.

Sales for the day totalled 3,836,440 1999 production, Mexico accounted Administration leaders that enact-

shares.

Utilities and Industrials. The Dow Jones average for 30 work. There is very little to pro-industrials was up 4.28 to 219.35. note laughter in it.".

U.S. Steel closed up 1 to 136, "Deuteronomy third wife, and the father of his Bethlehent was up 21 to 79 and handmaid Ishmael."

Ludlum was off to 214. American Smith. Minor also believes that,

has two humps,

for 41 per cent. and the United States of America 24 per cent, Some 20 per cent, of the United from dry States output comes siliceous ores and the balance is derived from ores containing large quantities of lead, copper and zinc. American production during the

In spite of previous declarations by President Hoover and other

ment of the Veterans' Bill would saddle additional taxation upon the people of the United States and prevent proposed tax reductions, the Seaste to-day passed the Bill President Hoover is expected to veto the measure.

valike the human being, the camel Rolling Mill was up 2 to 54 past decade has shown little expan committee

-DRY DOCK-

American Waterworks closed at 80tion although world output has up 4. Westinghouse was up to Other large producers are Canada, gone up by about 48 per cent. 133. General Electric closed up Peru and Australia. to 684 Eastman Kodak was up 41.

to 100..

OF HONG XONG, LIMITED. THE TAIKOO DOCKYARD & ENGINEERING COMPANY

SALVAGE TUG "TAIKOO

WIRELESS CALL

V.P.G.N. 600,

METERS.

Length 787 Fect. Length on Blocks 750 Feet. Depth on Centre of

· SIII (8.W.C.S.T.) 34 ́ft. 6 ins.

-THREE SLIPWAYS.—

Capable of Handling Ships Up to 4,93) Tons Displacement

Electric Crane at Sea Wall, Capable of Lifting "100"Töhs

at 70 Feet Badias,

BUTTERFIELD & SWIRE, Agents,

HONG KONG, CHINA & JAPAN.

TEL ADDRESS: "TAIKOODOCK, Hora Kosa.*

TELEPHONE: 321.

CALL FLIG: #C" OvZE "ANS. PIJANE,

BLUE STAR LINE

...

Far Eastern Service

Regular Monthly Fast Freight Steamers

Refrigerated and General Cargo

Next Sailing

New Jersey was up to 931. Standard Gas was up to 90.

Rails Up.

Something like 75 per cent. of the world's output is utilised for coin- age, and the balance is employed in arts and industries. Last year In- dia and Chins alone accounted for approximately 10 per cent. of the world's consumption, China absorb ing 137,000,000 azs. and India $2,000,000 025.

Less Demand for Currency. One of the factors contributing to the downward tendency of the price for the metal is that the demand for silver currency is sharply fall.

As passed, the Bill included a amendment, but the

Reed's substitute Bill embodying Senate rejected.. Senator David A

the American Legion's proposals and meeting President Hoover's objections.

Senator Houston inquired whe- ther leprosy was included among the diseases eligible for benefits and compensation under the Bill, and it was provided that any veteran affected with

to leprosy prior January 1, 1930, would be eligible if it could be presumed that ho acquired the disability in service and July 2, between April 6, 1917, 1921.

Administration estimates give the

cost

of

Utilities also rost, the Dow Jones average showing an improvement of 2.42 for 20 issues, to a level of 80.09. American Tal. & Tel. closed at 2081, ap 5, while International Tel & Tel. rose an eighth to close at 492 Radio Corp. closed up 1 to 351 Columbia Cae was up two points to 63. Cities Service common closed up to 271. Consolidated Gas was up 3 to 100. Public Service qfing away owing to the demonetisalatitial annual cost of the mehsure tion of silver coin in a number of as G.8102,000,000, with an eventual G.$250,000,000, countries. Following recommenda-annual tions made by a Commission in 1926, Promised tax reductions raust go India adopted the gold standard, by the board if the Bill is passed and it is following a policy of over the President's veto, it is ex- The Dow Jones average for 20 disposing of its reserve silver held- pected.

Newings. How far Indian Government! President Hoover and others have rails was up 28 to 128.88.

policy has affected the fall in prices long been opposed to the Bili se a York Central gained 3 to close at is controversial. Sir George Schus

"pork barrel" measure designed 1361, Pennsylvania was up half a ter, the Finance Member, in the purely to catch votes, and out of the fundamental point to 7: Erie was up a quar course of the debate on the Finance harmony with

Bill last March, quoted figures to

American theory that pensions and ter to 37; B. & 0. was up 13 to show that the actual effect of the similar payments should be given only to those who actually suffered 1023; Canadian Pacific was up four Government policy had been ex- points to 191; Rock Island dropped aggerated, and that sales had been injuries in the service of their coun-

made with due regard to the state try or who were destitute. 2 to 101; and Union Pacific was of the market. As regards China, the recommendations of the Kem- off 4 to 207h.

merer Commission provide for a gradual atabilisation of the cur rency on a gold exchange basis. As a result, the consumption cf silver by China is expected to show a sharp falling off over a uzber of years.

General Motors was ap 13 to 413; Hudson declined to 27; Chrysler was up half a point to $6; Packard was off a quarter to 13 (its last year's low level) and Mack Trucks was up five points to $5.

QUOTATIONS.

New York, June 21, Market firm, Business done: 3,830,440 shares.

Adams Express...

Power

American Can, American & Foreign American Holling Mill..

American Emelting. Amarican Tel. & Tol. American Tobacco B

American Waterworks...

Jana 21 23,

234 241 110 116 61 64

514,54 501 66

203 2081

225 2231

Another factor is that of the debasement of silver coinag. That of Great Britain, France and Bel- gium alone in 1929 amounted to no less than the equivalent of 38,000,000 b2s.

The lower price for the metal is a matter of serious concern to the producers. In the case of the Burma Corporation every penny on production such as it has means a loss or gain of £30.000.

32 881 Johra Manvilla

48149

Kennecott Copper

READY TO ENFORCE PROHIBITION.

U.S. ATTORNEY GENERAL'S PLANS COMPLETED.

[UNITED PRESS.]

Washington, June 23-Mr. Wil ham D. Mitchell, U.S. Attorney- General, announced to-day that he has completed plans for the ad- ministration of prohibition enforce ment which has just been transfer- red to his jurisdiction "from that of the Treasury Department, in accordance with the Wickersham. Hoover recommendationa

Ho announced several appoint ments, and said that Dr. James M. 831 Doran, who has been commissioner 381 371 of prohibition, will remain with 261 261the alcohol division of the Treasury,

29

Department.

-243 241

5055 851 85 341 35

Mr. Mitchell intends to concert activities in controlling the sources

DATEN S

Weekly Trans-Pacific Service

To San Francisco and Los Angel The Sunshine Beli cià Bonolulu

Fortnightly sailings on Tuesdays Frea Cleveland July 1, 1 am. Pren. Pierce

Pen. Taft

To Seattle and Victoria The Short, Straight Rout

to America

Fortnightly kallings on Tundays Pres. Madison.Joly 8, 8 am Pres. Jackan... July „July 2010roy MOUNA

July 15

£120, £112 Special through rates to Europe via

United States, Direct connections with

all Atlantic lines. Choice of rail liner acress United States and Canada, liberal stop-over privileges for sight-eeting:

Europe and New York Direct

ROUND THE WORLD

Pernightly sailing on Sunday via Maukia, Stralis, Colombo. Sues Casal,

"Alexandria, Naples. Gapan. Marseilles, New York and Boston,

8am. July 13

Pier. Wilson Free. Van Buren... July 37

Prev. Garfield Prea, Folk

"! 8. Atge 10 ...Aug.-24

To Manila

....

6 p.m.

6 p.m.

Frie. Madiron Fres, Tier

July 1

Pren. Jacky on- July 5 Pres, Taft

July 15"

July 19.

CANTON BRANCH :-4, SHA KEE STREET.

DOLLAR STEAMSHIP LINES

AMERICAN MAIL

poooooooo the

Hongkong

Belawan Deli

M

LINE

World

A.Necklace of Tropical Jewels

by

7074

Tourist Route

Corobudur

Traffic

Manila

Halucco's

SPEND YOUR HOLIDAY IN JAVA.

REGULAR WEEKLY SERVICE ON TUESDAYS "BONG KONG/JAVA (7 DAYS).:

First class fare Güilders 250-

VARIETY SPICES YOUR HOLIDAY. ROUND TRIP Hong Kong-Manila-Celebes-Bali-Java-Hong Kong 80 days with liberal stopover in Bali and Java First class fare £46,17,6.

(Inclusive of Aeroplane and Railway fares) LUXURIOUS MAIL STEAMERS SERVICE TO EUROPE VIA

ti.

JAVA

HONG KONG/GENOA OF MARSEILLES 28 Days

REGULAR SAILINGS FROM HONG KONG TO SWATOW, AMOY, SHANGHAI AND MANILA.

Excellent first class saloon accommodation.

TJISALAK

SOUTH BOUND.

Anaconda Copper Atlantic Helining Baltimore & Obla

384 34

Kreuger & Toll

... 101 102

Bethlehem Stoel

701

Eroger Grocery

Liggett & Myera "B"

891 881

201 201

Ludlum Steel.

141 147

Mack Trucks

187, 191

Missouri Pacifla

53 1031.101 284 28

54

Montgomery Ward

Nevada Consolidated Copper...

New York Central.

... 1554 1681

27 27

Northern Pacific Hailway

151 15 7472

Facifo Lighting

75. 761

court category to which they have

131 13

actment of the prohibition law.

ceeasionally been reduced since ea- TJISAROEA

TJISONDARI -

of alcohol, he said. He will request the various states to handle sinal! offences in an effort to get the IBADAK Icdéral courts out of the police

From

ABOUT

KAFEUTLO WILL

LEAVE GA OR ABOUT

For

AMOT

In Port

1st July,

Noon

∙BATAVIA

Axor 6th July 8th July, Max, Mx'ian. Noon

AMOT

& Axor 20th July 22nd July, MANIA, ME'san

Noon ANOT

for

MARSEILLES, LONDON, ROTTERDAM,

HAMBURG, LIVERPOOL ·

via Straits.

For Freight and Further Information, Apply to-

DODWELL & CO, LTD.

Queen's Building.

Agente

Borg Warner Calamet & Facia Canadian Pacific Railway Chesapeake Corporation, Chicago Eock Island....

Chrysler Cities Service, Common Columbia Gas & Electric Columbia Graphaphone Commercial Solventa Commonwealth & Southern Commonwealth & S. War. Consolidated Gas of N. Y.: Continental Oll Corn Products

Curtis Wright, Common

Davison Chemical

Da Pont de Nomours

Tel. 29023.

NATAL LINE OF STEAMERS

FROM CALOUTTA & COLOMBO TO

SOUTH AFRICAN PORTS

8.8. CAZUMBI"

...will Bail from Colombo 10th Augast Regular Passenger and Cargo Service to Bouth African Parts,

Through Bills of Lading issued from Hong Kong,

!..

Fer Freight or Pasmagu, apply to

Telephost: 28021.

DODWELL & CO, LIMITED.

"Aceta

Esatinan Kodak

Electric Bond & Share...

Erie Railway'

Fox Film "A

General Electric

General Foodi. .......

General Motori .......

Gold Dust

... - 61 €8 181 19

Packard Motor Car

...21 231 Paramount Famous Laay

-18 134 Pennsylvania Railroad....

34 31 Pennroad Corporation....... 102) 100, Phillips Petroleum

53 06 70 71

Commission's Vote Reduced.

13th July 28th July,

Noon

BATAVIA

& SOIRABAZA

27th July 29th July

BATAVIA

Noon

NORTH BOUND.

12 11

The Senate Appropriations Com-TJILEBQET 81 31 191 191 Public Service of N. Jersey 67 914 mittce to-day approved the reduc 201941 Radio Corporation

881 861tion of the Wickersham Law En-. 77 Reynoldi Tabacco "B"

464forcement Commission's expenses 251 26 Bears Boebuck

671 671 from G.$250,000 to G. #50,000 -with- 104 1041 Shell Union ARAGUA

18 187 instructions that the amount appro 185 100

Simmons Company Southern California Edison e sopriated must be used solely for the Southern Pacific Railway..... 111.1114 [investigation of the prohibition Bndard Osa & Electrio 87 90 situation. Standard Oil of New Jersey... Standard Oil of New York ... 211-80

199

801 411 Tax Corporation

STEAMERS

ком

DIFEGLED

ON CE ABOUT

WILL LEAVE ON 'OR ABOUT

Fox

This is a severe blow at President: Hoover's comprehensive programme 61 61 for investigation of the entire law | TJISAROEA

enforcement situation, and is de

011

61823

80

signed to bring the commission back TJISONDARI 68 06 to the subject for which most mem

711 773

37 37

201 41

08

-53

63

General Bailway Signal

78 79

Texas Gulf Balphar

80)

39 Timken Boller Bearing

Goodrich Labber

28

Goodyear Tire & Rubber Granby

25 Trans America...

82

834 Union Carbide & Carbon

21 21

general

Great Northern Certificates...

Hudson Motors...

273 27 United Corporation

81created.

International Cement ...

60 GO

United Gua & Improvement

International Combustion Eng

66-

United Dry Dock

International Harvester

+

781 81

"U.S. Hubber:

International Nickel

23 24

40.

US. Stoel- Frandiums

International Tal, & Tal

491 49]|| Westinghouse Bed 1

*(Continued on next Column)

Woolworth

206 207 bers of Congress and the ra Union Pacifio Hallway... Unq: 79 United Aircraft & Transport... 473601 public believed it had been solely.

International Printers Ink4 42 Wamer Bros. Pictures.

Intertiational Products Com

LATER Col. Amos Woodcock, federal dis 2014trict attorney at Baltimore,, has 1581-1561 7378been, appointed by U.S. Attorney- 414 General William D. Mitchell to be the new director of the Prohibition: $621 Enforcement Bureau..

9th July 10th July

6th July 7th July AMOT & SWAZOW BATAVIA A

Amor & S'AL

Αποτ TJILEBOET JAVA,MAKASSAR 14th July. 17th July

IKARANG "Batavia. 23rd July 24th July ·AMOT & B'HAL

For particulars apply to ---

JAVA-CHINA-JAPAN LIJN.

York Building.

28015.