1930-07-10 — Page 12

12

THE 'BUS TRIUMPHS.

SUCCESS OF MANCHESTER EXPERIMENT.

TRAMCARS GRADUALLY TO GO..

An interesting reference to the Munchess Transport Committee'a j experiment in substituting buses

Money

HONG KONG DAILY PRESS, THURSDAY, JULY 10, 1930.

and Markets

NO COTTON DUMPING FROM RUSSIA.

SOVIET DENIAL.

Possible Russian Ordira.

Mr. Bron was of opinion that if the necessary credits could be ar- ranged it would be possible for Russia to place orders in this coun- try for from £15,000,000 to £20,000,000 worth of British goods

for trama was made recently by OPENINGS FOR TRADE WITH this year. "I am." he said, "now

Mr. 1-Stuart Filcher (the general manager of the undertaking) at a luncheon which followed the off. cial opening of a new 'bus gurage which has been built adjoining the Princess Road tram-shed.

Mr. S. Russian England

3.

Préss

Iv

RUSSIA.

Bron, the head of the Trade Delegation in A statement to inade

representative

recent vs the commercial relations between the two countries. As I will be recalled that when the result of "a certain, lack of mutual Committee decided to abolish the understanding" in the past, British tram service on the 53 route Mr. firms, said Mr. Bron, had not, bene Pilcher explained that the result fited to the full extent from the re- of the experiment would be awaited construction work that was with a good deal of interest as the ceeding in the Soviet Union. Fo future policy of the Committee deed, while trade with the United would probably be largely influenc-States was now more than three ed by the success or failure of the new bus service.

በነ

More Efficient Service.

He announced that the records. for the first week's 'working' on the route with buses alone showed a decided increase in revenue. The receipts and increased by 1d per mile run. This satisfactory result, he said, might be a coincidence, but, if it was it was a very happy He felt satisfied that the sub. stitution of 'buses for trams on that route meant that it would be more efficiently. that they would earn more, money, and carry them safely.

זוגות

run

The public, he went on, need have to apprehensions about the enfety of the buses on a route hich was so level They were de voting a great deal of attention to the question of driving. They needed a lot of men, but they had been training them for

many. months, and no man was put on this particular route until he had had two months experience on all the other routes in the city. Every thing possible was being done to ensure the safe conveyance of the

passengers.

4

pro-

times as large as in the pre-war time, trade with Great Britain had not yet reached the pre-war" pro- portions

There WETA excellent opper- tunities for British engineering firms in the construction of the new factories and works under the five- year plan of economic development and for British firms concerned with transport, road construction.. and agricultural machinery and equiparat.

Mr. Bron referred to the recent large arders for chemicals, electri cal and other machinery and equip ment already, antounced. As for credits, as Russia', purchases, on- sisted largely of equipment for in- dutry which only paid for its own cost after several years' work,

terms more liberal

and longer periods of credits were essential for the placing of such crders.

Cotton Dumping..

in negotiation with leading indus- trialists here for definite contracts for the purchase of over £15,000,000 worth of goods. These purchases are of heavy staple products such as eletrical engineering, plant, agricultural machinery and equip ment, and steel. They are all for delivery to begin immediately, and I estimate that if the contracts are placed they ought to employ from 30,000 to 70,000 of your workpeople. I normal trading relations were established the value of imports for

might easily Russia

Teach £30.000.000 or £40,000,000,"

Mr. Bren insisted that the ques tion of credits is essential, but he was unable to disclose any infor mation, as to the credit arrange ments that are actually being made, or throw any light on the present policy of the British banks. He mentioned that in one instance five- year credits had been arranged in the United States. One of the greatest losses in trading relations was the fact that at present, Russin was not receiving any supply of agricultural equipment from the United Kingdom.

Mr. Bron denied emphatically the story that the timber exported to Britain is produced by prison Jabour-

EGYPTIAN COTTON.

SOVIET'S QUID PRO QUO FOR

PLACING ORDERS.

Mr. Bron recalled the campaign

Russian exportsail. Cairo, July 1-Reports are cur against (though that resulted, by the way," rent here to the effect that Mosco in a considerable increase in sales), has irtimated to the Egyptian Gov. ernment its readiness to place here matches, and timber. A rumour was persistently being spread re-large orders for cotton if Egypt cently," he added, "that we were would grant the Soviet Government offering cotton goods on the Bri- full diplomatic recognition. tish market at anceoriomic prices with a view to undercut local manu-

These rumours" facturers. devoid of any foundation. We never made such attempts." Food imports from Russia; of course, tended to bring down the cost of living in Britain.

Werc

Trams Must Go. Councillor Meachin (chairman of the Works Sub-committee), who opened the new garage, said that when the Perr's Wood "garage was opened four years ago. they were satisfied that ample accommodation for 'buses had been provided for many years to come. To-day they The more trade developed the realised that the trams must even- larger would be the Soviet Union's tually go. There was an increasing payments in Great Britain for demand for 'buses, and the Com- transport services, part dues, load- mittee intended to do everything iting and unloading expenses, in- could to meet that demand. He surance of goods. interest an poined out, however, that, with credite, and so forth. Since April four and a half millions of money they tad chartered 100 steamers for sunk in the tramway undertaking, the transportation of timber. Mere British. it would be uneconomical, even if than CC of these were it were practicable, to scrap the Further, the Soviet had already trama immediately. The change rurehased from British companica would necessarily have to be a 200,000 tons of bunkering coal this gradual one.

spring, and further quantities were to be bought at a later date.

The new garage, which has been designed by Mr. Price, the city architect, has cost £32.500. It covers an area of one and a quar. ter acre, and will accommodate be- tween 60 and 70 buses. The city's Acet of 'buses now number 198. The receipts last year amounted to £969,761, an increase of £44,500 com- pared with the previous year's figures. The total number of pas sengers carried was 243 millions, and the number of miles rua 4 millions.

LOST HEIR CLAIM TO "

BARONETCY.

WORKING AS LIFT

ATTENDANT.

Mr. Bron answered some ques tions arising out of this statement. With regard to his denial of the rumours that Russian cotton gooda are being placed on the British market at uneconomic prices. Mr. Bron said that it was the definite policy in Russin rot to export rat- ton goods to this country. The market for Russian textiles was in the Edst. He was reminded of the statement made in London by Mr.

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܃ ܃ ܃ ܃ ܃ ܃

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827

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F. Holroyd at the National Cotton BERLIN STOCK EXCHANGE. $24.70 $24.00 $24.80

Week luncheon, to the effect that he had bought Russian cotton in a shop at fourpeace a yard, and found on analysis that the article could not have been produced in Lancashire at less than eightpence yard. Mr. Bron repeated that it was quite untrue that Russian cotton is being placed on the Bri- Danie Fortune has smiled on Mr.tish market. If it had been sold here, it might perhaps, be some Reginald Wolseley, for 12 years a

stray samples. lift operator in Waterloo, Iowa.

Recently, Miss Marion Elizabeth Baker, of Brixham, England, ar- rived there and, locating Mr. Vol- seley, told him he had inherited an English baronetcy

*He was so overjoyed that he ask- ed Miss Baker to marry him—and the accepted,

Coming to England. They were soo married and "Dick," as he is known there. quit his job to go to England and claim the baronetcy.

When Miss Baker Srst arrived in. Waterloo" she said she was seeking Sir Reginald. Beatty Wolwicy. After much shaking of heads, someone thought of the town's most popular lift operator.

Miss Baker said that Mr. Wolse- ley's mother died in England last November and requested her to find her son and bring him to England. as his brother bad died and he was now the rightful heir.

Must Provo Title,

The baroneter known as "Wolse- ley of Mount Wolseley," created in 1745, has been officially registered as vacant since the ninth baronet→→ Captain Sir Capel Charles Woles- ley died in 1923.'.

Reginald Debrett gives Mr. Wolseley as the tenth baronet, but he will have to prove his title be- fore it is recognised in that official list.

This is enforced by Clause 11. of the Royal Warrant of February, 1810.

DEPRESSION OWING TO

LABOUR TROUBLES.

Berlio, July 1.-The Stock-Ex- change which opened quite cheerful- 1y under the influence of the libera- tion of the Rhineland, later on showed an increasing depression owing to the reported labour troub les in the Ruhr district

"AMERICAN STOCK QUOTATIONS.

LATEST "WALL STREET PRICES.

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

Tone of Market-Firm.. No. of Shares done-1,750,000.

Borg Warner

គឺ!!! ន

Do. (Fully Paid)

Chine Basca

Tractions an

Do.

(pref.)..

Do.

(old)...

Canton Ices ******** $2.10

Cements (comb.)...

Do

*(new)...

Ropes | 810.90)

China Sugars...****

Kalabon Sugar

Taited Asbestos...

MiscellaneoDE

Dairy Farms

Der A. Wings......... Amusemente ...........................

$1.00 Constructions' ...............

$335 Lane Crawfords

Mackintoabsence

Nanyang Tobam...

$11.30 Sinceres (old)......... 311

Do. (new) ......

Watseasiassa

$2.85 Wm. Powells.........

$18.10 $19.10

#134

$51

11.10

$19

Swator...

Japan

$95

Amoy

Straits

898

Ceylon, India, Mauritius Bast

Africa and and South

*South

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prom.

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Missing

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Gold Dust...

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57

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A

Missing

International Cement

Last Div.

61

International Nickel .....

I

Montgomery Ward

Nevada Consolidated Copper..

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City Service Common

Radio Corp...............

Sears Roebuck & Co.

Simmons C

'Standard Oil of N.J.

Standard Oil Co. of New York

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U.S. Rubber .............

United States Stast

40

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