1930-12-05 — Page 12

12

Money

and Markets

THE CHINA LIGHT &

POWER CO.

$414,000 FOR SHARE- HOLDERS.

The twelfth ordinary yearly meet- ing of the China Light and Power Company (1018), Ltd., takes place

at the head office of the Company, |

AGRICULTURAL SLUMP IN U.S.

HONG KONG DAILY PRESS, FRIDAY, DECEMBER 5, 1930.

BUSINESS CHIEFS ON DAILY SHARE QUOTATIONS

EFFICIENCY.

NEED FOR TRAINED MEN TO Dayer

FIGHT THE TRADE BATTLE.

SALVATION DEPENDS ON made by Sir Francis Goodenough

HONG KONG STOCK EXCHANGE,

SHAREBROKERS: ASSOCIATION.

Bellers

salm ]karriend

THURSDAY,

| DECEMBER 4.

Bags Bellars

Banky

A strong plen for modern me. thods and modern men in the con. dyct of Britieh undertakings was

$1710

2113

PL

EZT

[DEUTER'S AMERICAN SERVICE]

at the conference of the British Commercial Gas Association Hull. He said:

£12

$115

***

nt

CO-OPERATION.

"Unless we employ the best wea pons, we shall perish in the fight Salvation from ruin for thou.that lies before us-is indeed al

WASHINGTON, Dec. 3.

in St. George's Building, on Monsands of American farmers depends ready upon us. Competition can

day, December 15, at noon,

The Directors' report states that:

The gross profit for this

above period is

Plus interest,

laimed.

dividends

for 1983/24,

premium ou

shares sold,

and scrip

leen $31,033/70

Profit on sales

of plant 2,034,45

Amoun&

brought for- ward from

last year. 89,069.11

Alter allowing for:--

Directors' and

auditors' fees, and foo for examining costing sys

Lom

...$10,000.00

Consulting en- gineers fees and expenses 17,402.33 Donations, ex-

pennes re for-

of

nation consumers' deposit trust and sinking fund instal

moat ********* Losa on show- room trading and depre- ciation

on

ahowroom furniture and fittings......

Depreciation ou plant and

819.12

7107.90

buildings 174,932.35

The balance is

$700,370.53 1

Do.

HK Banks ------ $1,725|

Do. (London) ... Chartorod Banks .... Mercantile Bks. “A”

"0"

Bank of East Asia... 1117

Canton Insurancos....Į 31,200] Underwriters...)

North China ar

Insurances

The

$3.30

81,200 131

1.160

$5.0

$300/3

Union Insurances .....} $190

| M.650

Yangtase Insurances

on whether they band together and only be countered by efficiency, and 1400 eliminato overproduction, according you cannot to efficient unless your $1,105 to the annual report of Mr. Hyde, all is chicient, Secretary of Agriculture.

Referring to wheat, Mr. Hyde states that the only logical remedy for the problem of surpluses is voluntary curtailment.

Mr. Hyde reconnuends a flexible rulicy of wheat noroage reduction, He says that developments in the cotton market also emphasise tho importance of requirements. Thera had been a movement for the past 102,367.20

two years away from American 8971.738.79 cotton to cotton grown elsewhere,

"It has been well said that those who do not value trained intelli- This is truc gonce are doomed.

like of the nation faced with kean- ur and kooner foreign compotition, and of the gas industry faced with: competition Government-fostered

that daily grows in intensity."

Judging Types. Professor A. E. Morgan, Prin cipal of University College, Hull, trosed the importance of impress ing on the present leaders in in- Price differences had been less

dustry the necessity of educating. favourable to American cotton and their successors. Industry, was in- the quality differences

creasing in complexity day by day, American and foreign growths less its servants must be better and botter equipped to face its problems.

marked.

between

The agriculture and cotton pro- duction was estimated at 14,488,000 balos, compared with 14,828,000 in 1920. Tia crop was described as more than amplo, and markets have reduced their requirements. The of 1029-30 world consumption American cotton was 2,000,000 bales boom that of 1928-29, while this con sumption of Indian and other for eign cottons had increased by 000,000 and 300,000 bales, respective- ly.

Referring to the old controversy between the supporters of a uni veraity education and "starting From the bottom," he said that it was a fallacy to judge these two types at the age of 22, when one had just left the university and

China Fires .................. $400

H.K. Firus...

LIDS

Shipping

$201

$318leamboats

Douglasvatusikkene $28

$45 'Indos (pref.) 121

Do. (def.) ma 76/10 Bboll Transports

Water-boats

the

R

4

363

Ti T.01

831.70

DH

$39

Mining

Banquets..

::::::

***

# : 11:

FOREIGN MAILS

RADIO NOTICE.

Individuals and firme are recommended to register their tole graphic address at the Radio Offles. No oharge in made for this.

FROM

Datches)

8th Nov!

JAPAN und SHANGHAI

INWARD MAILS.

РЕП

Do

£19

JATA

MI

£28

JAVA **

Tytkisi Newton Ein

5th Doo

8th Dea.

2131

BENOA and EUROPE via Biskuili

(London, 15th November)

Domodocu

5th Deo.

Busors via bure (Letters and papers

U.d.A., Canada. Jaras and SmangnaTį

(Battle, 15th November)

... Pras. Jefferson

4th Doo.

do

and Parcels 3uth

Ranchi

6th Doo

21

20

Caloutta and Stratra

Namsang...

5th Doa

T160

Rawalpindi

ith Doo

JAPAN...

H

Sydney Maru

lth Dec

F80

HANGUAL and SWATOW

Sichuan

4th Deo.

Australia and Manila

Albana

6th Deo.

MANILA

(London, 17th Nov.) and Amor

Empress of Asia

Thikarang

7th Dec.

7th Doc.

7th Doo

400

STRAITH

8th Dou.

$311

STRAN

8th Dro

$43

Maxila

Bih Doc.

$28

Japan and Bnanomat

Sth Doc.

83/0

19th Doc.

$30

18th Dec.

16th Doc.

17th Dec.

17th Dec.

370

Kailana

37/-

Langkate (counb.)....

T.8

Do. (single)

T1440 $7.40

Explorations..........

Shanghai Loans ........

TO

Raubs......

$315

Tronoh Mines

Docks, WharvOS,

Godowns, etc,

LK. & K. Wharfa.....

$175$

Providents (old)

85.35

Do

(new) 3D

HK. Docks

831

77.Ju

New Engineerings

1.380

Honghews.

$171

$5.55

3205

492

$11.40

381 $826/2

Batt $20

$9.35

14

the other had been in an office for $18.30

four or five years.

The time to judge between them was ten years later, when each had

TH

!!!

The reduced consumption of learnt the routine work, and the reaping the American mills accounted for half university man was of the decline of the world's con- benefit of his wider knowledge.

He suggested that in future cour- $10,011.70 sumption of American cotton, while

commerce, and $10 .$061,725.09

the rest of the drop (1,000,000 rules), Fes in industry, was in Europe, hall being in Great transport should be added, and Britaip. Compared with the pre-that each should have a practical 399 vious year, cotton exports to Ger. side. many, Britain, and Japan had

The interim dividend paid on May 12, 1930, absorbed a total of ... 205,077.73

Leaving an amount avail

able for appropriation

of

.........$455,747.30

| fallon 6, 32 and 21 per cent., respec-

tively.

com-

Exports of agricultural The Directors recommend the de- claration of a final dividend in re-modities oxcluding forest products spect of the financial year ended and agricultural exports, amounted December 30, 1930, of 50 cents per, to $1,493,000,000, compared with shuro on the "Old" ahores, 0.44 $1,847,000,000 for the previous year. cents per share on the 1830 issue The reduction of value was mainly shares allotted on February 7, 1030, due to smaller colton movements at and proportionate amounts on the lower asvirage price, though the stares allotted subsequent to Feb decline of exports was general, reary 7, 1930. Such dividend will absorb about 8414,000, leaving a balance of about 842,000 to be car- ried forward to the new year's ac count.

DUTCH-INDIAN SUGAR SELLING COMBINE.

Mr. Lawrence Kadoorie was re- SEVEN CHINESE FACTORIES

ontly invited to, and has accepted,

a seat on the Board of Directors.

The Board now 'consists of, the following gentlemen-Mr. R. G. Shewan (ex-officio), Chairman, Mr. A. H. Compton, Mr. C. A. da Roza, Sir Robert Ho Tung, Sir Elly

WITHDRAW

(THROUGH REUTER'S AGENCY.

AMSTERDAM, Dec. 3: Serea Chinese augar, factories wa

Kadoorie, K.B.E., the Hon. Mr. reported to have withdrawn from

P. Braga, Mr. J. Scott Haraton, and the Dutch-Indian selling combine.

Mr. Lawrence Kadoorie.

Mr. A. H. Compton and Mr. C.

A. da Roza rotire, but being eligible offer themselves for ro election.

The accounts have been audited

by Messrs. Lowe, Bingham & Mat-ON thows and Messrs. Linstead & Davis, who are eligible for re-election.

EXCHANGE RATES.

{BRITISH WIRELESS BERVICE]

RUGBY, Dec. 3.

Páris

123.50)

New York

4.08 17/32

Brussels

34.813

Geneva

25.00

Amsterdam

19.00

Milaa äid

92.54

20.38

18.15)

18.10

34.401

18.151

1034

303

43.98

103.95

375

Berlin ATOL

Stockholm

Oslo

Vienna...

Copenhagen....

Prague... Vicans Madrid

Lisbon

Atheria.

Bucharest

Rio

Buenos Airer

39

Montevideo

1/B

1/201

Yokohama.

Silver (spot) Silver (forward)

1790716

EXCHANGE.

CLOSING QUOTATIONS,

LONDONI

December 4, 1930.

Telegraphic Transfer... 12/18 Bank Hills, on demand IT/14 Bank Bills, 4 months'

sight Credits,

months* sight Documents, 4 months' -

ON PARIN

1/2 11/16

eight Bank Bills, on demand 759 Credits 4-months'_sight.79G_ ON NEW YORK!-

Bank Bills, on demand 291 Credits, 60 days' sight._301 –

O BOMBAT:-

Telegraphic Tranter }82)

Bank, on demand ...

ON CALOUTTA:-

Telegraphio Transfer...)

Bank, on domand

ON SHANGHAI:

*}821

Tla, 79 Bank, at sight .....81% dia. ON YOKOHAMA :----

On demand.....

501

ON MANILA.-On demand... 89)`

ON SINGAPORE? — ''

Un demand................... $21

ON BATAVIA-On demand.. 731

ON HAIPHONG

On demand.....................................

ON SAIGON :-O demand" } "764

ON BANGKOK-

2/0 17/32′′ Boreassess, Banka Buying Bate 163/16

BAR BILVER, per ci 10k

#142

T11.10

***

::

:S: : : : : : :⠀⠀

#L

$26 526.85 $6.70

396.0

STU

$791

TWO RECORDERS IN A SCENE.

$114

$35

$23.15

SIR E. WILD SUGGESTS "TWISTING OF ANSWERS."

There was a sceng at the Old Bailey in which tho Recorder of

and the Recorder of Liverpool (Mr. London (Sir Ernest Wild, K.0.) E. G. Hemmerde, K.C.) figured.

7,0

2114 Shanghai Dooks...

Landa, Hotels, and

H.K. lauds (old)... $81)

(new)

TS18 Shanghai Lands... H.K. Healtys its

Chinese Estates

$87

*Buildings

H.K. & S. Hotels...

10.

$81

Do.

(rights)

Humphreys

Cotton Mills

Ewos

T.9

S'hui. Cottons-> | Loung Bings attai Pubila Utilities

Telephones (fully pd.)

1.19

China Busch .......

811.45|

11

***

BRANCHAL and EADor via BIBERIA

SHANGHAL and AMOT

Japan and SuanqILAK

Trisan Bochum.

Mirsapors...

...res. Mokinley

·D'Artagnan Terukuni Haru

U.S.A, HONOLULU, Japan and SHANG-1

RAI (San Francisco, 14th November) U.S.A., HONOLULU, JAPAN and SuangHatį

(Han Francisco, 21st November) CANADA, U.S. A., Honolulu, Jazán szď) SHANGHAI (Vancouver, B.U., 27th Nov.) U.8.4.HOSOLULU, JAAR and BHANG.. MAI (Ban Frangisoo, th November)

Pres, l'etk

Prei. Grant Emp. of Canada...

Shinyo Maru

OUTWARD MAILS.

REGISTERED and PARCEL MAILS are closed 15. minutes earlier than the time given below unless otherwise stated, and whero mails are advertised to close at or before & a.m. registered and parcel mails are closed at 6 p.m. on the previous day.

FOR

*Manila and Parcels only for Germany

Formosa

Mania, Australia and New Zealand vis į

Brisbangdue Brisbane, 19th Dec....

Prt

Data and Timm

T.193

T.7.

***

Mani's, Rabaul, *Australia and "Now Zo

land via Brisbane-due Brisbane, 29rd December

Tanda.com

Friday, Parcel Rog. Lotters

5th, Noon

1.45 M

2.30 T..

||R

vis Hamburg

Awalow, Amoy and Wonoliow

Burgenland Haishing

19.30 M

1.00

Kino Marui

2.00

Parcels

-100

88.35

15.75/80

Japan..

Sydney Hors

Ranchi

...Beg

4.15 P

Letters

5,00

5.00 P

www

ROT.

·5.00

*

Shanghai and EUROPE via Ɛiberis

Ban chỉ

Bawalpindi

***

T11.60 T11.80 T11,65

Straits, Ceylon, India, Mauritius, East and South Afrios, Aden, Egypt and EUROPE via Marantlee-due Mar seillos, End January 1931

K

$18

814

Bwator

#28.83

$23

19/-

Tramways use

Foak Trams (old) .......)

Do (new)...

Star Ferries 892

U. Lights (old).....$26.651 Do. (118)......26.20 H.K.

Electrics $791

Macao do.

Sandakan Lights...

Tructions.

(part pd. $23

Do, (pref.)....

Industrials

1101 Caldbeck, {(onl} Tio. Macgregora prof

38.80 Canton ices

Comenta (comb.)... $17.26 $16

Do (old)...

Do. (now)...

Hope

China Sugars

Malabon Sogara

United Asbestos

Miscellaneons

Dairy Farms, aum. K. Do, ox rights|

rights 381

318.15

$5.20

4

It occurred during the trial of three Southend men on a charge of attempting to set fire to and des troy a pleasure ship, Southend 811.10 $11) Britannia They were also charged 50.80 with conspiring together and with William Robinson to destroy the ship.

Mr. Hemmerde, who was appear- ing as one of the counsel was cross- examining Mrs. Matilda Hobinson, wifo of Robinson, when Sir Ernest anid he did not think it fair that this unfortunate woman's angwer should be twisted."

Mr. Hemmerde: My lord, I am not used to being told that I tast

answers.

"Batter III Retired."

Sir Ernest: You will be told by me if you do it.

Mr. Hemmarda: Your lordship has already told me this morning that I white time. If your lord- ship thinks that is my method of conducting a case, it would do bet tor if I retired.

Counsel added that be thought that avery question he had put was fair.

881

眼

***

$11.20

71-

Straits and Calculta

Formors...

Shanghai and KUROFE via Biberia

**

Amoy and Japan

Saigon

Manila

Bangkok via Swałow...

**

Takada... Hokuroku

Ohusas

Letters 6.00

Kowloon P. O. Proola

4.80

Bog Ctb, 9.00 ...Letter 10.00 A

G.P.O.

Moru

Prsa, Jeferson Fam Sang

Par, Jib, 5,00 PM Box, 6th, 9.45 M.

Letters 10.30 & 5

Saturday 6th

11.30

Parcels Nood jeg,

1.00 P 18.30 ►

1.80

1.3) 7 M

4:30 PM A

6.00

Fuan L

City of Roubair

Sunday,

7th,

Kianges -

Canton Maru

“Kwangtung

Monday,

8 30 &

9.00 AM

·9.00 A

B

Swałów, Amoy and Formoss Amoy,

Japan, Canada, T.SA, Central and S

South America and EUROPE via Victoria, B.C.duo Victoria, BO, 36th December..

Fros, McKinlay (Parcola, 2,00 a m

Blog, Tottor Bog. 6.00

4.15 P 5,00 X

Letterm 6,00 x

Tanday, 9th,

-

17.90/195

$13

Shanghai and EUROPE via Siberia

#49

Manda and Bourabaya

**

Calcutta, via Etraite

Swatow, Amoy and Foschow

$27+

$27

$10

$8.90

***

Dun

Der A. Wing.....

3:3

Amusementa

$22

$11+

Chin.

Entertainm'ta

312

Constructions

841

31.70

Lane Crawfords

93.70

Mackintosha

$19

***

Nanyang Tobacco... $3.25

$11.60

Hincared memoarn $12,30

$18.00

Watsons

M

$2.85

Wm. Powella son

B. Ind. G. Bonds... 69%

-

H.K. Gort, Loans.-- $105

%

prem

1.00 M

Bowlcom P.O

Pros. McKinley

Tjikarang

Nam nang

Parcels Latters

Noon

1,00 M

Haiyary cha

Bog

1.09. Letters 1.00 pa G.P.O.

Beg

Letters

1:45 9.30 *

Beg

1.00 N

D'Artagnan

Letters 1,00 G.P.O.

Beg.

Hangny

Emp, of Asia-

Latters

Parosla

Reg

B.15 AN

LOCAL AND REGULAR OUTWARD MAILS.

Straite, Egypt and *EUROPE via Mar) Dioned...

milles-dza Marseilles, Bib Jan, 1031 J

Balgon, *Straits Ceylon, India, Maritice,)

F. and S. Africa Adm, Egypt and EUROPE via Mamoilles-due Mar willes, Bib Jan. 1681

Per

Swalow... Shaoghal, Japan, Canada, U.S.A, 0. sad S. America and EUROPE Vancouver, B.C.das Vancouver.8.0., 27th Des., and EUROPE vin Siberia

Pandakan SUNDAYS & HOLIDAYS Shanghai and Dalay

Amir ***

7.16.7.80 ani, & 5.00 p

7,00 p Sundays Sundays (5pm. only 7.00 pm

Lonly

Shanghai, Japan, Hancialo. U..A.. - Canada, C. and 8., America; and *EUROPE, via Han Francisco-*** doe. Han Francisco, 1st Jan, 1981, and "EUROPE via Siberia

Swstow, Amoy and Foochow

Bintang.... Chinhus Tainan

8. Afrin Aden, Krypt and EUROPE Tersiuni Maru *via" Marssilladen Marast"on, 8th

Sir Ernest: I don't say it is not Mr. Hommerde: If your lordship. does not think I conduct my case fairly have never been told the in all my 33 years' experience, and least of all did I expect to be told | Canton it by your Lordship

Sir Ernest: You are conducting it-with-admirable skill and fair ncas. Don't be angry with me. didn't mean to say anything to hurt your feelings.

The incident closed with Mr. Hemmerde saying that he regarded the question he had put as "ab

vital.!! solutely

Referring to the sceno a little- inter, Mr. Hommeerde said, "I need. hardly say that between your lord- ship and myself the matters can very quickly be forgotten,"

•

UNCLAIMED TELEGRAMS: AT THE EASTERN EXTENSION, AUSTRALASIA AND CHINA TELEGRAPH CO., LTD.

Einando Cong

+ IS 3/16

Regentnoil... Bongtingar

WEEK DAYS,

FOR

From G.2.0.

FROM SIRUNOWAN BRANOK P.0.

FROM » G.P.O.

FROM SKBUXOWAX BRANCH P.O.

(7.16.& † 6,00 patt

7,30 .Whe 17.00 p

Macao & Tenahan

Kongmoon (except Battirdays) Kankong (except Baturdays)" Fatahan (By Train)

Tel 0. Tal Po

Shumohan

Uboungobow

P.O. Kowloon

1.45

280 r▸ 5,00 5.00 .

10th

Wednesday,

Deltora | 10:00 AM

Wednesday, 10th,

20,80 »

8,30 r

3,30 r

:!་

8.00PM

*Chursday, 11th,

Reg.

Chichibu Mar

Letters 8.80 a′′x

Hoi Ning-

Straita, Cevlon, Ina, Mauritius, B, and

(7,15 a.m. &] { 7,80 a.m. -

1.15 pm

15&17.30 am, &

2.50 P 1,15 p.z.

Bandavs Sunday 1,80 p.m.

8.30 Lonly.

· January, 1931 ...

6.00p.m.

8,00.

6.00pm.

7.155.12.

9.00 a..

9,00 ..

8.00 p.m. 6.00 is

||Filday, 17th,

·Kowloon P...

2,00 2

Beg

4.30 r

Liber

4.30

......

G.P.C.----

Bag.

5.00

Laltors 8.00 E

4.00 p.m.

8.15

only

6.00p.m.

7.15.12. ₤.00 [1,00

LOG pa

10.80 £0.

0.00 pm*

Superscribed correspondence onlý,

P. O. Box 1, Hong Kong PO

is the Address. Write an Order for the Hongkong Weekly Press and China Overland Trade Report to be sent you for Three Months or A Year. The first will cost you 8400 and the Annual Subscrip- tion 1 816.

8,30

11,0.

† 3,00p.m.

[1080p.

(11.00

& £50 p

1 & 4.30p.m.]

Haturday

1.00 pm. £480 px

8,30a.m.

·Aberdoon

Blanlay

•1.00 p,

Statia, Bistoukok

Antan, Pingahan, Eratio,

and

3,00 2.11.

Salkung

Glasgow

Numtau thekki á.

7:00 pm:

(Fumin)