1930-08-15 — Page 12

12

SAVING" THE UNEMPLOYED.

.. LONDON'S TRAINING

PLANS,

EFFECT OF YEARS OF IDLENESS.

The report of the Public Assist- ance "Committee of the London County Council, which has been considering the arrangements for setting to work, training and in structing able-bodied men to whom relief other than institutional re lief is afforded, was presented at the Council meeting last month,

"Speaking generally," the Lum- mittee, state, "wo are of opinion that the destitute unemployed t in good health with whom the Council has to deal are those whose failure to obtain work is not so much due to economie eircumstan ces as to their own weakness of character, mind, or physique. This is not to say that the men are in. miners when they state that they would rather work than live on poor relief, but their willingness to work needs to be reinforced by nad encouragement." discipline, training."

The first object, the report con- tinues, "is to combat the demorali sation of months or even years of idleness, and to instil into those who have suffered this a greater readiness and fitness for any re- gular work available. The object must be assisted by a tonic regime of "open-air exercise and regular. efforts."

Cost of Training.

The Committee make various sug- gestions with regard to the course the residential of training at colonies at Belmont, Hollesley Bay. and Laindon. The cost of the training for the remainder of the financial year is estimated nt £19,000. If, however, more than 1,000 are trained it would be pro- portionately increased,

"As we consider that every effort should be inde to increase the number of trainees as quickly as may be practicable, we think that approval is desirable of an esti mate of £20.000. The expenditure in the financial year 1931-32 and in each subsequent year we esti mate at £40,000, in the hope that such progress will be made that it will next year be possible to dent with the cases of at least men."

Kature of the Training.

2,000

the

HONG KONG DAILY PRESS, FRIDAY, AUGUST 15, 1930.

Money and Markets

RAUB GOLD MINING

COMPANY.

A PROFITABLE CONCERN.

The following report of the mine ing operations for the four weeks ending July 18, has been issued by the Raub Australian Gold Mining Co., Ltd. -

Development:The development work for the period totals $60 feet, us follows:-Sinking 212 ft: driv ing 339 Et crosscutting 999 ft.; total 963) feet,

The tonnage mined and crushed for the term totals 2,091 tons, and the recovery an average of 10 dwts.. of fine gold per, ton, yielding a satisfactory profit. The develop ment werk has shown'n mainten

of quantity and values nee

The Cyanide "Plant throughout. treated 312 tons of low grade con- centrates. "for a profitable result in gold bullion!

Bukit Koman" Area: The total tonnage from this area amounts to 1,360, tons, and development work completed 12 feet.

340 ft. Level: Driven a further, 27 ft., in Tormation,

440 ft. Level: S. drive, extended 11 ft., lade 4 ft. wide, value 24 dwts.

AMERICAN OIL MERĠER- PLANNED.

[REIER'S AMERICAN SERVICH.}

NEW YORK, August 13. Plans for an oil merger with total assets exceeding a billion dollars are disclosed by the calling of a special meeting of shareholders of the Sinclair Consolidated Oil Cor poration to authorise the issue of five million new preference shares sad for the sale for 872,300,000 of certain of the Corporation's inter-

esta.

The company has in view a huge scheme for expansion, including the acquisition of Prairie Oil and Gas, Prairie Pipeline and the Tide- water associated companies.

WORLD'S SUGAR CRISIS.

REG AT SOURCE OF

PRODUCTION...

4.

[RECTER'S AMERICAN SERVICE]

HAVANA, August 13. The solution of the world-wide sugar crisis by economies through

340 ft. Level: Inter. S. drive adrefning at the source of production vanced 22 feet, stoping cre S ft. instead of in distant places is being debated at a conference of sugar wide, 30 dwts. per ton.

DAILY SHARE QUOTATIONS

HONG KONG STOCK

EXCHANGE.

SHAREBROKERS' ASSOCIATION.

Dark

Bollera Bates Nomical

THURSDAY,

Buy ori

Bollers

Salon

Nomize!

AUGUST 14,

1.160

$437

7400 $960

!!!!!

Do. (London) ...

$1,450

FOREIGN MAILS

RADIO NOTICE.

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

INWARD MAILS.

PER

Dyi

Banks

$1,469

E.K. Banks

2103

15

Chartered Banks¬

£98

Marcantile Bks. "A"

Faum

418

Do.

#13

191

Bank of East Asia...

$11.

JAPAS, Shanghai dad EurOPA vis

Insurances

15th Aug.

3945

Canton Ipsarancos..

3940

Witra

14

*

15th Aug.

$456

Underwriters

$2.40 82.63

U.S.A., GAĦAda, Jajan and SuanguarĮĮ

North Ubinas........................

2160

(Seattle, 28th July)

Pres. Lincoln

18th Aug.

P

HANGHAI and Swatow

Shantung

15ta Aug.

$60

Ualoutta and Straits

17th Aug.

17th Aug.

+

18th Aug.

*

Union Insurances. $139

M. Yangtaro Insurances

China Fires ERRIES

H.K. Fires..............|"3000

8100

⠀⠀ILF

Smaża (London, 26th July)..... ...Rajputana Shanghai and Euxors VIM SIBERIA

(Londo., 24th July)

Shipping

Douglases

*$26

$25

Steamboata

(24)

343

Indos (pret.)

JAZA

Do. def.)

€40

90/7

Shell Transports

$31

T1.30 T.6

740 ft. Level Inter. N. drive ex-refiners here, which is attended by tended ft. Winze sunk further 11 experts from Australia, the Domi ft. Ore 3 ft. wide, value 9'6 dwts.

nican Republic Cuba, and, the 95 940 ft. Level: Unwatered and United States. cleaning up level.

North Shaft: 120 ft. level, drives 42 ft are 2 ft., value 10 dwts. Shal-

Development 309 low workings.

ft., average value of ore 8 dwts.

Andersen-Lilurge Shaft Area: The tonnage mined and treated totals 681 tons, and development 64)

feet.

260 ft. Level: Anderson S. sudk 1 ft. Oro 3 ft. wide; value 10'2 dwts.

460 ft. Level: Rise up 2 ft. Ore s ft. wide: value 10'1 dwts.

260 ft. Level: Lilburne S. drive extended 31. Ore in underhand stope 7 ft. wide; value 20 dwts.

300 ft. Level: N. drive advanced 43 ft. from main crosscat low value. 8. drive advanced 24 ft. in promis- ing formation.

East workings: Sunk 8 ft. ore

6 ft. wide value 14'6 dwts.

Derrick Area-The tonnage mit-

The Committee recommend the use of both residential and non-ro- aidential centres, and that "training should include digging anded and treated totals 940 tons, and

other work on the land, utilitarian development 357 feet.

connected with

institu-

Bervices tions, boot-repairing, carpenter ing and brush-making, and, in appropriate eases, stock.arable, and fruit farming.

to non-residential Persons sent training centres,. it is added, should' attend for a total weekly period of 32 hours.

BOYS ADRIFT IN A YACHT,

ALL NIGHT AT MERCY OF

THE SEA.

Gully working: Driven 36 ft ore 2 ft.; G'G dwts.

www

T.117

The conference is also discussing the use of vegetable reining sub- stance in order to open up markets T.260 in Moslem countries where refining by means of bone char is tabooed on religious grounds.

EXCHANGE RATES.

(BEITISH WIRELESS SERVICE.]

Paris.

New York

Athens

Bucharest

RUGBY, August 13.

123.51

4.87 5/32

Rio ..... Buenos Aires Bombay Hong Kong Yokohama Silver, spot & forward 16

m::::

1.

៖៖៖៖

Water-bouta

Mining

26/9

1:8

Benquets............... Kailans......

T1440.

Langkata (comb.)....

Do. (single) { Explorations........är Shanghai Loans... Raubs LELAKIERUCH Trodoh Mines

$7.40

ΤΕ

1/

Docks, Wharves,

Godowns, etc,

$165 30.15 1.35

H.K. & K. Wharfs......

$166.

Providents

$3,10

339

H.K. Docks

#39

Shanghai Docks

1114

T.7h

New Engineeringa

T

Hougkewa

"

Lands, Hotels, and

Euildings

FK. & S. Hotels H.K. Lands

Shanghai lands

Humphrey's

Chinese Estates

$1 $40 $13.75

$10.30 10.30.35

$81

**

1.287

$0.30 $9.40

44

H.K. Renitys

$16,

$87

11:

***

***

Cotton Mills

TE

Ewos

2.78

Shai Cottons.

1.9

Zoong Sings

Public Utilities

Peak Trame (old)..... $128

(new)... 301

C. Lights (old)...... 44

Do. (iew).............

Telephones (fully pd.) Do, (part pd.) China Buses

Tractions

T.10 Caldbeck, (ord.)

Brussels

34.635

Geneva

25.01

Amsterdam

12.083

Milar

92.995

$18.40

Berlin

20.30

Tramways

Stockholm

18.12

812

Copenhagen

$t.15

Do.

15.16

Star Ferries

Oslo....

13.17

$23

100 ft Level: Driven N. 33 ft.'; ore 2 ft. wide; value 26'3 dwts.

South working: Driven 74 ; ore 2 ft.; value 9 dwts.

Vienna Prague

*34.445

320

164 3/16"

$764. $771

$77

H.K. Electrice

Helsingfors

193

$23

Macao do.

+++

Madrid

44.40

8111

Sandakan Lighta

Lisbon

106,23

373

$21.40

8183

T. T.18

1/16-

101.

40 15/32

18/6

Do. (pref.).....

1/61

Industrial

1/31 2/011/32

$2,10

$17.30 $17.60

Stamps

Tons.

301

1,360

$10.90 $11.15 911

$0.90

韩出之

1581

+

+

940

2,891

24/10

$1

Oza.

$25 SIU

1:707.15

$1.90

$6,70 3310 $182

1.536'93

$11

Shallow workings: Development 204 ft..; average ore is value 4 dwts. Construction:-Housing complet ed for Roasting Plant, and furnace being Moed. Steel Head Gear Lil-1 burae S. second section in position. Steel Framing for New 10 Head Foundations Battery completed. being put in. Liners for Tube Mill cast. Liners battery, and bearings, com made. bearings for roaster

for driving An amazing exploit by two Loa-placed, foundation don boys, aged twolve and thir- motor in progress; 0 underground "teen, who set out to sea in. a yacht ore trucks completed, and general was revealed at Southend recently. repairs made. Posts on mine elec- The boys, who live at Hornsey, trical line renewed, and new ft- filled two suitcases with bread, tings adjusted. meat, and bottles of water, and travelled to Southend. They wait- ed until darkness fall, and then crept over the mud to the racing

Dredge:Treated on day shift yucht Nomad, which was moored off Leigh. On board the yacht they only 3,320 yards; largely poor lay down to sleep until the tide around, and tailings, for a return in gold bullion of 83'10 ozs., shox-

rose.

Cyanide Plant :-312 tons of low grade concentrates for a return of gold bullion of 03'70 oz., yielding a profitable recovery.

When the Nomad was afloat theying a profitable result. cast off the moorings, hoisted the (Continued on next Golumn.) mainsail a few feet, and, with the tiller lashed, began their adventure..

Neither of them knew anything about sailing, but they determined to go to Dover and return, so that their schoolmates would acclaim them as heroe,

But the "plan miscarried. The. yacht drifted helplessly about the Thames estuary all through the night Liners constantly passed her and the boys several times narrowly escaped being run down

Then the yacht was seen drifting. towards the harbour at Sheerness. Boatmen put out and were able to save her from crashing into the har- bour wall. The boys were lying, helpless and frightened, in cobin!"

the

A waterman sailed the yacht back to Southend On the way the yacht was seen by the owner, Major W. J. Edwards, of the Essex Yacht Club, and he intercepted her in a

AMERICAN TRADE WITH EUROPE:

(REUTER'S AMERICÁN SERVICE.]

WASHINGTON, August 13. Official figures show that Ameri- imports and exports with Furope during dune declined 880,000,000 estiguito why the same month last year, while exports from Asia to the United States fell by 834,000,000.

The decline is partly attributed to the slump in rubber.

United States exports to South America during the same period fell from 849,686,000 to 827,633,000.

Battery Tonnage:-10 worked for 27 days.

Bukit Koman Area Anderson-Lilburne Area... Derrick Area

Total

Analgam:-3,730.ezs.

Smelted Gold:-

Battery Cyanide" Plant Dredge

Total

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 Measrs Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address: "Swanstock, Shanghai), who are not responsible for cable mutilations:

Tone of Market.-Strong.

No. of Shares Done.-2,500,000. Call Money.-2} per cent.

Anaconda Copper....

New York, August 13, 1930.

ני

Last Dividend

American Smelting

4

3.50

Baltimore and Ohio

7

Borg Wamer

3

Continental Oil ...........

None

City Service Common

30c. A

Curtis Wright Common armor.

Noné

Eastman Kodak

B

Electric Bond and Share

-Erie Railroad

None.

General Motors

30%

General Railway Signal

Gold Dust.... Goodyear Tire and Eubber" Granby Consolidated

International Cement International Nickel montgomery Ward, Nase Consolidated. Radio Corp Bears Roebuck & Co.

8011

$70

A

Ti40 Macgregors pret.)

Canton Ices... $2.25 Cements (comb.)...

#135- Do (old)... Do. (new)... Ropes....... $11

China Sugars.....iar Malabon Sugars

United Asbestos ...

#Miscellaneous

$121

Dairy Farms.******** Der A. Wings...the.. Amusements ******** Chin. Entertainm'ta. Constructions................ Lane Crawfords ... Mackintosh espres Nanyang Tobacco... Sinceres (old).....

Do. (new) Watson

410

$2.55 Win Powells.........

61.

B. Ind. G. Bonds...

8% prem,

set

H.K. Gort Loans .....!

$10.33

FIRS

14

T.12

43

1.76-

19.30

J

Kuliany

Empress of dew

Sphinx...

ייי

13th Aug

Fros. Grant Kitano staru

18th Aug.

Tango Mur

19th Aug.

Hakona Mur Kamu Mare

wind Aug. *ted Aug. yrd du

Clayo simru

Pres. Polk

Fres, Cleveland

23rd Aug.

fith" Ang.

Emp. of Canada...

27tb

Aug.

SAIGON

MANILA

JAPAN

104

AUSTRALIA and MANILA STRAITR

Japan and SHANGHAI

U.S.A., HONOLULE, Japan and Shang-

HAI (San Francisco, 25th July) U.S.A, HONOLULU, Japin and Shangkat

(San Francisco, lat Ang.) CANADA, U.S.A., HONOLULU, Japan and į SHANGHAI (VANCOuver, B.C., 7to Aug)

OUTWARD MAILS.

REGISTERED and PARCEL MALLS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 9 a.m. registered and parcel mails are closed at 5 p.m. on the previous day.

FOR

PER

DATE and Trus

Friday,

15th,

Shanghai, Japan and *EUROPE via Biberia

Mantra

Exi Bang

Parcela LettersS

*Straits and Calcutt

watow, Amey and Foochow Shanghai

Haiyang

Ichang

Straite, Ceylon, India, Mauritios, Est and South Africa, Aden, Egypt and EUROPE via Maravilles--ing-Mar- seilles, 12th September

Straits and Calcutta

Rajputana

Kungahara

Tlaws.

318.95

Shanghai and EUROPE is Siberis Manila

Pres. Linovín Kwangtung

Amoy

820

Bogomir

Bangkok via Swatow :..

Swatow, Amoy and Formoss

Shanghai

Kaying

Canton Mara

::

**

8:30 AM

Noon

1.00 P

1.00

8.30 T

Kowloon P.G. Parcels 4.30 Reg.,18th,9,00 M Letters 10.00 ▲ =

G.P.O.

Par 15th, 5.00 PM Beg,16th,9.45 am Letters 10.30 ▲ M

Saturday, 16th, Parcels 12.30 P K

-

1.80 3.30 PM

4.30 #

5.00

Sunday, 17th,

9,00 AM 9,03AM

Monday, 18th,

9.30 PM Parools 3.00 M

Letters

Sphing

$20.90

8/9

Japan, Canada, U.S.A., Centrs! and Bouth America and EUROPE vis Victoris, B.C.dne Victoria, B.0," 5th Septemer.

Pres. Grant

Bog.. Letters

4.15 Z

5.00

HE

set d

Shanghai and "EUROPE via Siberia Foochow

Pres. Grant Ühinǎtia Kutsang

Reg. Letters

5,00 %

6,00 2 ×

3.80-F M

5.00

Amoy

$17.40

$11

Manila, Australia and New Zealand via)

Thorniny Island-das Thursday Is land, 1st Sept.

Tuesday, Beg.

19th,

Kitano Maris

Letters 9.30 N

Ross ...Letters 1.00 PM

1.00

G.F.O.

Reg.

1.45 PM

+++

8237

$24

LOCAL AND REGULAR OUTWARD MAILS.

Latest Sales.

Canton

8.45. A

Kowloon P.0.

Straits, Ceylon, India, Mauritius, F. and}

Africa, Egypt and EUROPE is Philocties Marseilles de Marseilles, 19th Sept.

Swatow, Amoy and Foochow Shanghal, Japan, Canada, U.S.A, C. and 8. America and "EUROPE via Van- couver, B.C.due Vancouver, B.C., 6th Sept., and Bumpe via Siberis...?

Hai Ning... Empress of Aria

Lartare 2.30 r m

2,00 P Paroola 3.00 F Wednesday, 24th, Rek

9.15 A Letters 10.00 Y

Wednesday, 29th,

8.80 A 9.30 AM

www

Chaksang Tango Maru Tainan

5.00 P

Shanghai, Japer, Hocelula, UB.A.. Canada, Central and South America, and. EUROPE in San Francisco- due Fan Francisco, 11th Sept., and *EUROFE ris Biberis

Bug. Tatauta Mar... Thursday, slet

5.00 PW

Lattere 8.30. AN

Thursday, 21st, Parcels 6.00 {Bez.,22nd,945 a. * Letters 10.30 A M

81.90 83

$4 811

Swatow... Зарах Amoy

312

$1%

$108

Island, 2nd Sept.

Manila, Australia and New Zealand via)

dus Thursday Thursday Toland -

Changte

**

WEEK DAYS.

SUNDAYS & HOLIDAYS

F'OB

FROM G.P.0.

Fnox SHEUNGWAN BRANCH PO

From G.P.O.

FROM SHEENGWA

BRANCH P.O

Hoihow, Pakhel and Haiphong.

Chongtu

Brichois

7.16, & (thew pud!

7,80 km. 7,00 p.m.

5,00p.m.

(7.15 am. &'(7.30 am, &

7.00 p Sundays Bp., only 7.00 p.m.

Lonly

101

Kaco & Tsinahaa

17.15.17.30 6.0.

1.15 p.

1,80 p

Kongmoon (except Saturdays)

5.00 p.m.

·6.00 pm. 0.00 p.

7.25 au

$.00

E

Kaukong (excej t Saturdays). Fatahan (By Train). Tal O

Tai Po....

Shumchun

Choungehow,

Aberdeen

Bundays

Friday,

*Zed, *8,30

M

10.00 & M.

Wei Hai Wei via Bestow and Fooshow Batching

Bwatow, Amoy and Foochow

Shanghai, Japan and EUROPE via Siberis Hakone Mary

Hame Maru

Straits, Ceylon. India, Mauritius, E. and 11 -----

8. Africa, Egypt and EUROPE via Marseilles-due Marseilles, 22nd Sept.

1,00 M 8.80 r.m Kowloon P.0. Beg. 4.30 - Lot 22rd, 9.00

G.P.G...

Beg, Bard,8.45 ■ ■- Potter

9.30 AX

Saturday, 3rd,

7.15 b.& $7,80m. & 115 p.m. Sundays 8.15. Lonly

6.00 p

Japan, Canada, U.S.A., Cand S. Amerisa and *EUBOFE vis Victoria, B. das Vistoria, 8.0., 16th September. Manila.

Sandakan

1.80 Sunday*

| 8,60 m.in.

caly

6.00 p.m.

8.00 p..

1,

12.00., &

8,00 p.m.

9.00 BIT, &

2.00 p.m. 12.30 pm 41.80 p.m. Saturdays 1.100 mm. dal

7.15.8.03. ́9,00 am)

9.00 5.11.

11,0 am.

11,00 8.12. {& £20 p.m.

Balgon, Straite, Cayiro, India, Mauritius, “S

East and Routh Africs, Adan. Egypt and EUROPE via Maresillas

Cue Marseilles, 271h Beptember

Menila

Japan, Honolulu

1.00 pari

10.30 ..

Stanley

100 p.m

Simmons Co.

Autau, Pingalan, San

Standard Oil of New Jersey.

Shatin, Shataakok

8,00 pm.

Standard. Oil Co. of New York

1.00

Bheungshui

Union Carbida, and Carbon........

2.60

· Baskung ***

4.50 P

4.30 Putte

United States Rubber United States Stool

Моде

Kamatan, Shekk & Talpin

7:00 pm

7.00 p.m.

(Fuzin)

Reg.

Protaras Pres. Polk

Maseand ...

946 & 1-

Lottery 10.30

5,00

Monday, 25th,

MU 10.80, A M

Tuesday, 28th,

Koroloon P. 0. {Reg:00): 1,00) 7.30 'Letters "'. 1,00 F W BG.P.O.

Lefters

1.45 rx 2,80 m

Pres. Cleveland

4.30 PM

Bouth American Por Masils

Gingo Mari

Bmp, of Canada:

"Buperscribed correspondence