1930-12-17 — Page 12

C.P.R. FINANCES FOR 1930.

TAKINGS LESS BUT NET EARNINGS INCREASE.

EXPENSES DOWN:.“ SPECIAL. SOURCES " GÓ ÚP,

...... HONG KONG DAILY PRESS, WEDNESDAY, DECEMBER 17, 1930.........

DAILY SHARE QUOTATIONS

"HONG KONG STOCK

EXCHANGE,

Buyer Seller

TUESDAY. Bkles Nouluak

SHAREPROKERS: ASSOCIATION.

Buyer Ballara

Bales Nominal

DEC. 16.

Banka

·1,795/40

H.K. Banks

21081

218

Do (London) Chartered Banks....

***

£27

Mercantile Bks. “X”

zg

#135.

11

***

FOREIGN MAILS

RADIO NOTICE.

Individuals and firms are recommended to register their tele- graphic address as the Radio Office...... No charge in made for thin

· INWARD MAILS,

INED

PRESIDENT

Although railroad operations of the Coundian Pacific Railway this year have affected the substantial shrinkage in volume of tralie in the Dominion, recent reports would in- diente coverage of dividend require- ments ca outstanding shares of common stock. It is estimated that thoro are more than 10,000,000 shares of $23 par common stock at the regular 89.50 annual rate:

Revenue from special income is axpected to support the completo showing of the organization for the current year, Investments in other corporntions, steamship interests, telegraphs and hotel aliations all play a part in the report that will be issued. One project that has proved a paying investment to the Canadian Pacific Railway Company. is the Consolidated Mining & Smelt- ing Company of Canada. At the end of last year, its holdings aggre- anted 234,00 shares, on which a dividend of $12.50 a share was paid. All in all the total of 816,272,220 annased from special sources in 1920 is expected to be surpassed this

year.

Preliminary grass revenues for the month of Octobre show a smaller. proportionate declius from inat year thah was shown in the first ninc months, totalling $10,803,000, a drop of 15.8 per cent. from last year, while gross for the nine inonths to the end of September. totalled $132,032,150, a drop of 76 per egnt. from Inst year.

Operating results for August, which are the latest figures avail- able, are indicative of the redue- tion in expenses which has been effected. In that month grosɛ re- venues showed a drop of 82,200,920 below August, 1920; yet net earn- ings after taxes for the month alow.

·ed a gain of $338,377 over the pro- ceding year. This was accomplish- | ed by a reduction in the proportion of gross revenues spent en operat ing expenses to 27.4.per ecût., from 82.6 per cent, in August. 1920.

·Malatenanes of way ratio, was cut to 13.8 per cent. :

Increase of Not Earnings. Up to the end of May both gross revenues and net earnings from the railroad properties were subaton- tially behind last year. Beginning in June, however, a much better control of expenses, was evident; and in August and September this better control of expenses was trans- lated into an increase; in net earn- ings as compared with the corre sponding period of 1029 in epite of a decrease in gross revenues for those months.

The company reported net income of 841,477,781, after taxes and charges for 1929, equivalent alter preferred dividend requirements to $11,05 a share on 3,330,017 shares of 8100 par value common stock out standing at the end of the year: The common shares this year have been split-up on a four-for-one basis, through a'reduction in the par value to 825, from 8100. On the basis of tho approximately 13,300,000 shares now outstanding, last year's net income would be equal to $2.76 a share.

Canadian Pacific'r net earnings from railroad transportation in the nine months ended September 30 totalled $2,011,133, compared with 898,131,790 in the corresponding period last year. For the final three months n more favourable comparison is likely to be made as a result of the important reduction in operating expenses which has leep effected. Net in the Gnal quarter also should be benefitted by better comparison of gross with 1029 than was shown in the first nine months.-Financial Timer.

BRITAIN MAY ABOLISH DEATH PENALTY.

SELECT COMMITTEE'S

-RECOMMENDATION.

(THROUGH REUTER'S AGENÛY.]

LONDON, Dec. 15. The report of this Select Com mittee on capital punishment commends that a Bill be enacted in the present session abolishing the death penalty for an experimental period of five years.

an

[BRITISH WIRELESS SERVICE)

RUGBY, Dec. 16. The report of the Select Com- nittee on capital tanishment re- commends that a Bill be introduced and passed into law during the present sossion providing for the abolition of the death penalty for experimental period of five years in cases tried by civil courts in time of peace. That meantime and forthwith a resolution bo pass ed by the House of Couimone do- claring that the Secretary for Home Affairs and the Secretary for Scot land, in tendering advice as to the exercise of the Royal prerogative of mercy, should recommend in each caso that the death sentence should be commuted.

SAILINGS

Weekly Trans-Pacific Service

To San Francisco and Los Angeles The Sunshine Bolt via Honolulu

Portaightly slugs on Tuesdays Pros Lincoln Tues., Deo. 30 Pres. Maison Toon, Jan. 19 Pros. Jackson Tnes, Jan. 7

To Seattle and Victori

TheShort, Straight Ronte 19 Amerien Fortnightly willago on Tuendere

1.160

$3.10

3:09 #512 510/12

$400

***$1,720 $1,730

Bank of East Asia... $110

$1,230 Canton Insurances.. $1,290)

FROM

Shanghai and Swatow

£10

Calcutta and dizkaita

STRAITS

£12)

AMOY and SWATOW

Disurancem

Underwriters

$2.80 $3

North Chinas

T160

1010/12

+14

Union Insuranc510

M.BOU Yangtazo Insurance

China Fires

$1,215 H.K. Fires

Shipping

4.

$281

Pra, Grant.......Taos, Deo. 23, 1 a.m, Prea. Cloroland...Tues., Jan. 6 Pros, Piarce.......Tues, Jan. 20

Douglanos

831

Steamboats

$40

Indos (prof.)

seisor

.391

· Do. (def.)

san

ต

7414

Sholl Transports .....|

$99

Water-boacá

*KIT

Mining

£120, £112 Special through rates to Europe via United States. Direct across United States and Canada, liberal stop-over privileges for sight-seeing.

connections with all Atlantic lines. Cholce of rail lines

SPECIAL ROUND TRIP FARES-ORIENT TO EUROPE SUEZ CANAL-may be

obtained on application.

Europe and New York Direct

ROUND THE WORLD

Fortnightly sailings on Sunday via Manila, Strake, Colombo, Snex Canal, 'Alexandria Naples, Genoa, Marseilles. New York and Boston.

Pres. Adaun.. San., Dec. 28,8am. Pres. Johnson...Bun., Jan. 25,8am- Pres, Harrison...Sun, Jan. 11,8,u. Pres. Fillmore, Sun, Feb. 8,8am

.Pros. Lincolu

Free, Cleveland

To Manila

......Dec. 20, 6 p.m. Pros, Madison

FOR

$102

3:/3

.T.8]

T.1

T

$331

#174

85}

$2.55

Jav. 9, p.,

*

...Jan. 13, 0p.m. Doc.: 39, 6 p.m. Pres, Fierce CANTON BRANCH, SA K# SZET,

DOLLAR STEAMSHIP LINES

HILOH

Banqueta....

Kailans

Langkate (comb)

Do, (single)

Explorations.........

Shanghai Loana ...

Raubs........

Tronoh Mines

Docks, Wharves,

Godowns, etc,

H.K. & K. Wharf... $1734| Providents (old) ... $5.30

Do. (ROW)... $2,53 82.00.

$30,85|| H.K. Docks

810

M

South China Motora.

T284) Hongkows: ...................

T.114 Bhanghai Docks

17.10 New Engineerings

Lands, Hotels, and

Bulldogs

BAH

JAPAN

BHANGKAI and AKOT

CANADA, U.3.4., HONOLULU, JAPAN and Buenonat Vancouver, B.O., 27th. Nov. and EUROPE via Biberia (London, 29th November) JAVA BED MANILA

P

Eurora via busz (Letters and papers, 20th Nor, and Parcels 13th

***

JAVA...

BRANDHAI and Amor”

Japan nad SHAMONAI

JAVA

1781

2314

$40

$20 83/0

PER

Dui

17th Don. 17th, Doc..

Buiyang Kulsamy Perim

.1'th Dea.:

Van Heules Tipanas

17th Doo.

17th Doo

Binkiang

18th Doo

Emp of Canada..

18th Dec.

Tilsarosa ....

18th Doo..

***

Kashmir

18th Dec.

Bantam Tyibadak

20th Deo,

►

21st. Deo.

Angera

T

93rd Dea.

Japara

MA

rd. Deo,

39th Dec.

"rd Jaa., 1931

Nallora

CANADA, U.S.A., Honolulu, Japan andį

SHANGHAI (Vancouver, B.C., 8th Dos.)}|| Bisp, of Russia AUSTRALIA and Alanna

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 @am. registered and parcel mails are closed at 8 pm on the previous day.

For

37/- T14.40 $7.40

21

TO

838

14/

Java via BataviK

Hoihow..

Manila'...

Amoy

$174

"..

$31

113

IH

Hoihow, Pakhoi and Haiphong

HK. & S. Hotela... $11.50 $11.70 17.40/65

$111

AMERICAN

MAIL

LINE

884

871.70 11.45/

· 183

HK. Lande (old)...)

8831

Do, (new)...

Do. (rights)

T322

Shanghai Lands

$0

11.K. Healtya...

317

SOVIET ALLEGATIONS AGAINST BRITAIN. ·

AMBASSADOR TO EXPRESS

⠀ DISSATISFACTION, -

(THROUGH REUTER'S AGEŃOT.].

LONDON, Dec. 15.

In the House of Commons to day, questioned in regard to the Soviet reply to the British protest against the allegations against Bra- tain made at the conspiracy trial, Mr. Arthur Henderson said that he had instructed the Ambassador. Sir Emmond Ovey, to express the Government's dissatisfaction with the Soviet attitude.

CONSIGNEE NOTICES.

LHR

$84

PER

Tiskini

G. Disderichuen .....

Ühinets Prince". Taiyuan...

Jayan, Canada, U.S.A., O. and 8. America and EUROPE via Vistoria, B.C.-

due Victoris, B.O., 7th January, 1931

Bbanghai and "EUROPE vis Biberia

Beian Maru

Heian Maru

Limehous...

1441

duo Vioteris 3.0, 18th January 1931 Btraits

Boihow and Bangkok

$83

Swałow

Manila

Amoy...!

804

**

Humphreys $17.40317.75) Chiniva Estates

114.

Cotton Mills

T11.80

Ewos

T.79

'lini Cottona......

To

Zoong Sings and

Public Utilitlem

NORDDEUTSCHER LLOYD, BREMEN.

$17,00

(#15) 261

Peak Teams (old)...

Da (now)...)

$941

$85/1

Star Ferrica

391

$25.30 or dir.

581

Do.

(now)......

TH

LE Steamer

"TRIER" having arrived from BREMEN, HAM. BURU and Ports, Consignoss of Cargo are hereby notified that their Cargo la being landed at their risk into the Go- downs of the Kong and Kowloon Wharf and Godown Co., Ltd., Kowloon, where Delivery can be obtained.

Consignees are further notified that the Steamer "TRIER” has taken at HAMBORG and BREMEN Through Carge for HONG KONG 88.

BRAKE,"

8.8.

"ALL" and 8.8. ELEOTRA" from STETTIN, WIBORG and GOTHENBURG.

All Goods remaining undelivered afte the 23rd December, 1930, will be subject to Rent

No Fise Insurance will be effected by as in any case whatever..

[BRITISH WIRELESS BRAVICE.]

RUGBY, Dec. 15.

Damaged Packages must be loft in the Replying to a question in the

Godown for examination by the Con House of Commons on the dio guess and the Company's Surveyors, cow conspiracy trial, the Foreign Mrs. Anderson & Ashe, at 10 am, Secretary, Mr. Arthur Henderson, on the 22nd December, 1930. stated that after further representa No Olaim will be admitted after the tions to the Soviet Government on Goods are left the Godown and all the references to the British Gov-Claims must be presented within Two ornment made during the trial, and Weeks of the Bhip's arrival here, after the receipt of the Commissar for which data they will not be recognised.

Consigness are requested to surrender Foreign Affairs' reply, he had in- structed the British Ambassador to their Bill of Lading to the Undersigned express the dissatisfaction of the for Countersignaturo. British Government with the Sovict Government's attitude,

In answer to other questions on Russia, the Foreign Secretary said he had decided not to appoint a British Military Attaché at Mos- cow; and the Secretary of the Overseas Trade Department, Mr. G. M. Gillett," said the Government bad decided not to despatch an Economic Mission to Russia.

Mr. Gillett added that there was nothing to prevent such a Mission being sent, but it did not seem to him that anything would be gained by doing so.

AMERICAN BANKING CRISIS.

FAILURES AND SUICIDES ‚ REPORTED. --

[REUTER'S AMERICAN SERVICE]

NEW YORK, Dec. 15., A further crop of bank failures and suicides is reported.

The State Bank of Binghampton, New York, closed following the dis covery of a shortage of between 9000,000 and $700,000.

MELCHERS & CO.,

Agents: NOLDDEUTSCERA” Lxoro, BruweX.

(10256 Hong Kong, 18th Dec, 1990.

EXCHANGE,

CLOSING QUOTATIONS,

December 16, 193 ON LONDON:- V

Telegraphic Transfer...1/1 Bank. Bills, on demand.1/18 Bank Bills, 4 months'

$11.80

58% 0

DATE and TIM

Wednesday, 17th,

10.80 M

19.30 PM

1,80 M

8,80 MJ

4.15 PM

Lattors

3.00 M

Boz Letters

5.00 PM

600 PM

Thursday, 18th,

830

Deli Maru

8.30 AM

Amoy and Formoes via Swatow

Japan and "Oxusda via Victoria, 3.0.—”)

Tourer

Van Houtes Kweiyang.... Hydrangea

Emp. of Uandik..........

Kutsang ...

Shanghai, Japan and "KUROPE via Biberia Kashmir Swabow, Amoy and Foochow

Friday,

10 30 AM -10.30 AM 10.30 AM

8.00 6.00 PM 15.00 PM

106, 10.30 * 1.00 PM 8307 M

Kowloon P. O. Parcals 4.80 K Beg 20th, 9.00 & M Letiere 1000'

A.P.O

Par. 19/1.5.00 p Rog.20th, 9.45 AM Letters 10.30 a 14.

Saturday, 20th,

Haiyang

Canton

Haiphong

T11.60]

1.77

T.

Straits, Ceylon, India, Mauritius, East and South Africa, Aden, Egypt and EUROPE vis Marseillen-düe Mar. - soilles, 17th January 1931

Kalyan

$142

$7

Plesita

Tramways....... $172 || $17.00||

C. Lights (old).... 5ox div.

H.K. Electrica..... $81

Macao do.

Bandukan Lights ...)

(part pd.)] $23

***

$93

835

Do

Totophones (fully pd.)

T19.60

China Buses

7,8

Tractions

19/-

Do. (pref.)......

323

Mbanghai, Japan, Honolulu, *Canada.

*0.8.A., *0, and *B., Americs, and i *EUROPE via San Francisco due Fan Francisco; 14th Jan., 1981, and *EUROPE via Biboria Foochow via Bwatow

Bangkok via Swatow

Amoy

Swatow. "Amoy and Formoss

Sandakan

Japan, *Cana'a, *IT,8.A. *Control and"

Fouth America, and

8.00 Y

[Sunday, 21st.

8.80 A 9.00 AN

Ayolope

2.30 TM

Taiyo Mars

Bog

4.15 ** Lotters 3,00

Ohipshing

Kwangchow Antung Canton Mars

9.00 A M

Maurang

EUROPE İ

Parcels

$15

vin Victoris, B.C.--duo Victoria, B.Ü. 9th January, 1933

Prea. Grant

Monday, 22nd,

10,80 AM

800 PM 4.15 r

841

... $11.46

Ahanghai and *EUROPE via Siberis Manila, Australia, and New Zealand via)

Thursday Island - dne Thursday Island, 3rd January, 1931

Pres. Grani

Changlo...

$3.80

Industrials

T.101 Caldbeck, ((orij T10.40 Macgregors prof.) Canton ices ......

Cements (comb.)... $17.65 317.3 (old)...

Ropes ta| $11.40

23.80

$17.70 $17.90

#12)

$11.40 $11.45

$0.80

+44

Do

A

$5.20

Do

(now)..

China Sugars.........

$27

Malabon Bugars. '***

#5

United Asbestos ...)

Miscellaneous

**

$271

Dairy Farms, car Doox rights

$1.70 Lano Crawfords ...

KA

$251

88.00

rights 381

#1

Dor A

$23

Amusemente

8211

$12

Chin. Entertainm'ts. $18)

Constractions

841

$3.70

$10

Mackintoshs

Nanyang Tobacco... $3.40

$12

Sinceron

#12.70

(31280

Watsons

descenses

$12.20

$2.65

Wm. Powells

prom,

B. Ind. G. Bonds... 71% H.K. Gort, Loans ... 8106

LOCAL AND REGULAR OUTWARD MAILS.

night immmmmmensa y 1/13 Credits, 4 months'

sight, omninom 1/2 5:16 Documents, 4 months"

night

1216

Canter

Bank Bills, on demand 7021

Credits, 4 months” sight 747)

ON NEW YORK:-

ON PARIS

Bank Bills, on demand 27 9/16

WEEK DAYS.

FOR

From 0.1.0.

Улом BKEUNGWAN

· Braxou P,O,

$7.15 m., & 7,80a.m.

† 6,00 p.m.". | 27,00 pm.

Credits, 60 days' right. 28 11/16 Macao & Tuluskan

ON BOMBAY

Bank, on demand ...

„ON CALCUTTA:

Telegraphie Transfer...). Bank, on demand

UN SHANGHAI

Bank, at sight

ON YOKOHAMA ¦—.

387+

SUNDAYS & HOLIDAYS

FROM

*Hanila and Sourabaya

Straite, Ceylon, India, Mauriting, East”

and South Africa. Egypt and FUROPE vis Marseillenudna Mar. seilles, 22nd January, 1931 M

A

Tjibadak...

Areas 201

Saigon, *Straili, “C'ey'qm, #India, *Mauri-

tina, F. and 8. Africs, Aden, Egypt Angers and EUROPR vis Marseilles-dao! Marseilles 23rd January, 1931

Bwator, Amoy and.

Fooshow

Japan, Canada, U.8.8., C. and9, America and EUROPE vis Vancouver, B.0, -dan Vabcouver, B.C., 9th Jan, 1931 @brogbsi and *EUROPE vin Siberia-

Ship learing Noon on Christmas Day.....]

FROM SKRUNDWAN Manila G.P.O. BRANCH

2.0,

7.15(7.80 a.x, à 5,00 p

7.00 patt 1.Bundays Hundays

only

6 p.m. only 7,00 pin.

Reg.

LiLetters 5.00 PM

Reg. 5,00 Letters 6.00 **- Parcels 500 1.3 - Reg. 93rd.9.45.M Lettor 10.80 A Tossday, 23rd,

9.30

Kowloon P.Q. (Reg. 100 M Letters 1.00 23

.0.2.0. 6.1.45 PM Latton 9.30 » M Kowloon P. O. |-|Bex. : 1.00 vie ***Dettara ··1.00 PM'

1.15 PM

f.P.O.

Reg

Hai Ning.

Lettera

2.00 T 2,00 F

24th,

Wednesday, Reg. Emp; of Canada

Letters 5.00 PM Beg. 5.00 Emp. of Canada Letters. 6.00 PM

aday, 15th,

Emp, of Bussia ..

*Buperscribed correspondence only. EXCHANGE RATES.

[BRITISH WIRELESS SERVICE. }

*Geneva

Amsterdam Berlin

"18.16.

34.495

1637

103

RUGBY, Dec. 15.

| 7,15 min. A} } ",80 met 21.16, p.m.

11.30 p.m.

[7.15 km. &] (7.30 am, &

1.15 p.m. Bunday

Paris New York icin Brussels

123.59)

4.630

34.705

25.03

· 12.723

Telegraphic Transfor

}¢ &

90.37

Konguicon (ercept Hatúrdnys)} 5.00 p.m.

Kaukong (except Saturdays)"}

6.00 p..

18:10

20.00 DEL.

18.15)

Fatehan (Dy Train)

Tis. 77

61 dis

Tal Of Tai Fo

7.15 A 0.00. (1,00 1.1. &} 28.00 p.m.

18

On demand

557

1 1.00 2,01 3

O

13.00 p..

UN SINGAPORE: ****

12.80 p.m.

Da demand on

49.

De Batavia:—On 'demand.. 084. ON HAIPHONG:-

Qa demand frame. On demand UN BANGKOK:

On demand

1683 SOVENCIONS, Bank's Buying.

1/21 .....15 9/16

Choungahow

L4.30

.................

702

Abarileon.

Autna, Pingahan, Santin. Shatin, Shataskok and Shoangshui

10.80 3.

I

Baikung

4,80p,

4,5) pu

Namtan, Shokki & Taiping

700 pm.

-7:00 p.m

Fazda)***

MARILAOn demand... 55

The police are searching for the bank's president.

The President of the Bank of Alabama in Emsley, Alabama, has suicide, whilst the In regard to the penalty that committed should be substituted for a sentonce cashier of the State Bank of. of death in the unson" referred to filandientpilzeno 335, che steerd, the Committee recommends that it three weeks ago, attempted to bo the penalty now attached to re-commit suicide.

The Farmers and Traders' Bank, prioved murderera, interpreted and adininistered in the same way as Weaverville, North Carolina, with

BAR SILVER, for al deposits of $103,000, has closed. at present.

& 4.30 p.m. Haturdays

1.00 pm &

pt

8.15 only *5.00 rúm,

9.00.m 1.00 .m.

110a.m.

11.00am

1 & 43 przest

1.80 T Bundava 8.30 a. Lonly

6.00 pm,

· 8.00 prido

Stockholm Copenhagen

Oslo

Vienna

Praguequ'i Helsingfors.

Madrid Lisbon

Athens Bucharest Rio.... Buenos Aires Montevideo

Shanghai

Hong Kong Yokohama

Silver (spot)

Silver (forward)

ܝܕܝܡ 3.00

47.03 109,28

378 818.

4.11/16 371

37.

17Bple

1/51

1/1

་ ་

15)

107/10

2/0 17/32

8.30PM

BRITISH TRADE MISSION TO EGYPT.

SIR ARTHUR BALFOUR AS

CHAIRMAN.

[BRITISH WIRELESS SERVICE]

Ruany. Dec. 16. A Trade Mission similar in char

ter to the Trade Missions sent to other foreign countries with terms of referenco corresponding to those of the Mission which reently visit ed Japan and is at present in Chinn, has been appointed to visit Egypt early in the New Year.

The pronu is Sir Arthur Balfour as Chairman, who, was, Chairman of the Government Com mittee on Industry and Trade in 1924: Sir Alan Giarreit Anderson 10gerety, Bretidens of an Intes national Chamber of Commerce; Mr. W.R.Blair, Director, Co. operative Wholesale Society and Mr. Kenneth Low, the well-known' Lancashire cotton manufacturer.